0000950123-11-015777 Sample Contracts

Blackboard Inc. Nonstatutory Stock Option Agreement Granted Under Amended and Restated 2004 Stock Incentive Plan
Nonstatutory Stock Option Agreement • February 18th, 2011 • Blackboard Inc • Services-prepackaged software
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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • February 18th, 2011 • Blackboard Inc • Services-prepackaged software

The Employment Agreement by and between Blackboard Inc. and Judy Verses, which took effect July 7, 2008 (“Agreement”), and which was amended pursuant to a November 14, 2008 amendment is hereby further amended pursuant to this Second Amendment to Employment Agreement (“Second Amendment”). This Second Amendment will take effect on December 7, 2010.

THIRD AMENDMENT TO OFFICE LEASE AGREEMENT
Office Lease Agreement • February 18th, 2011 • Blackboard Inc • Services-prepackaged software

THIS THIRD AMENDMENT TO OFFICE LEASE AGREEMENT (this “Third Amendment”) is made and entered into as of the 7th day of July, 2010, by and between WASHINGTON TELEVISION CENTER LLC, a District of Columbia limited liability company (“Landlord”) and BLACKBOARD INC., a Delaware corporation (“Tenant”).

BLACKBOARD INC. Amendment to Nonstatutory Stock Option Agreement and Restricted Stock Agreement
Nonstatutory Stock Option Agreement and Restricted Stock Agreement • February 18th, 2011 • Blackboard Inc • Services-prepackaged software

THIS AMENDMENT is made between Blackboard Inc., a Delaware corporation (the “Company”), and [insert name of Section 16(a) officer] (the “Participant”), and amends the Nonstatutory Stock Option Agreements dated [insert dates] and the Restricted Stock Agreements dated [insert dates] (collectively, the “Agreements”). This Amendment will be effective as of February __, 2011.

BLACKBOARD INC. Restricted Stock Agreement
Restricted Stock Agreement • February 18th, 2011 • Blackboard Inc • Services-prepackaged software • Delaware

Blackboard Inc. (the “Company”) has selected you to receive the restricted stock award described above, which is subject to the provisions of the Company’s 2004 Stock Incentive Plan (the “Plan”) and the terms and conditions contained in this Restricted Stock Agreement. Please confirm your acceptance of this restricted stock award and of the terms and conditions of this Agreement by signing a copy of this Agreement where indicated below.

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