0000950123-10-001751 Sample Contracts

SPS COMMERCE, INC. INDEMNIFICATION AGREEMENT
Indemnification Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Delaware

This Indemnification Agreement (the “Agreement”) is made and entered into as of , 2009 between SPS Commerce, Inc., a Delaware corporation (the “Company”), and Archie C. Black (“Indemnitee”).

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SPS COMMERCE, INC. INDEMNIFICATION AGREEMENT
Indemnification Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Delaware

This Indemnification Agreement (the “Agreement”) is made and entered into as of , 2009 between SPS Commerce, Inc., a Delaware corporation (the “Company”), and (“Indemnitee”).

SPS COMMERCE, INC. REGISTRATION RIGHTS AGREEMENT (Amended and Restated April 10, 2007)
Registration Rights Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Delaware

This Amended and Restated Registration Rights Agreement (“Agreement”) is entered into as of April 10, 2007 (the “Effective Date”), by and among SPS Commerce, Inc., a Delaware corporation (the “Company”), the investors listed on Exhibit A (each an “Investor”) and the stockholders on Exhibit A (each a “Stockholder”).

SPS COMMERCE, INC. 2002 MANAGEMENT INCENTIVE AGREEMENT
Management Incentive Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Minnesota

THIS 2002 MANAGEMENT INCENTIVE AGREEMENT (this “Agreement”) is entered into effective as of the 1st day of July, 2002, by and between SPS Commerce, Inc., a Delaware corporation (the “Company”), and Archie Black (“Employee”).

THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Illinois

This Third Amendment to Loan and Security Agreement (the “Third Amendment”) is entered into and is effective this 30th day of March, 2009 by and between BlueCrest Venture Finance Master Fund Limited (“Lender”), as assignee of Ritchie Capital Finance, LLC (“Original Lender”‘) and Ritchie Debt Acquisition Fund, Ltd. (“Initial Assignee”), and SPS Commerce, Inc. (“Borrower”).

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Illinois

This Fourth Amendment to Loan and Security Agreement (the “Fourth Amendment”) is entered into and is effective this 8th day of April, 2009 by and between BlueCrest Venture Finance Master Fund Limited (“Lender”), as assignee of Ritchie Capital Finance, LLC (“Original Lender”) and Ritchie Debt Acquisition Fund, Ltd. (“Initial Assignee”), and SPS Commerce, Inc. (“Borrower”).

LOAN AND SECURITY AGREEMENT No. V06101
Loan and Security Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Illinois

This Loan and Security Agreement (this “Loan Agreement”), made as of February 3, 2006 by and between RITCHIE CAPITAL FINANCE, L.L.C. (“Lender”), a Delaware limited liability company with its principal place of business at 2100 Enterprise Avenue, Geneva, Illinois 60134, and SPS Commerce, Inc. (“Borrower”), a Delaware corporation with its principal place of business at 333 South Seventh Street, Minneapolis, MN 55402.

SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Illinois

This Second Amendment to Loan and Security Agreement (the “Second Amendment”) is entered into and is effective this 24th day of March, 2008 by and between BlueCrest Venture Finance Master Fund Limited (“Lender”), as assignee of Ritchie Capital Finance, LLC (“Original Lender”) and Ritchie Debt Acquisition Fund, Ltd. (“Initial Assignee”), and SPS Commerce, Inc. (“Borrower”).

SPS COMMERCE, INC. Incentive Stock Option Agreement (granted under the 2001 Stock Option Plan)
Incentive Stock Option Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Delaware

This is an Incentive Stock Option Agreement (“Agreement”) between SPS Commerce, Inc., a Delaware corporation (the “Company”), and the optionee identified above (the “Optionee”) effective as of the date of grant specified above.

OPTION AGREEMENT (Incentive Stock Option)
Option Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Minnesota

This Option Agreement is made as of the day of , , between SPS Commerce, Inc. (formerly known as St. Paul Software, Inc.), a Minnesota corporation (hereinafter called the “Company”), and , an employee of the Company or one or more of its Subsidiaries (hereinafter called the “Employee”).

AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Illinois

This Amendment to Loan and Security Agreement (the “Amendment”) is entered into and is effective this 20th day of March, 2007 by and between BlueCrest Venture Finance Master Fund Limited (“Lender”), as assignee of Ritchie Capital Finance, LLC (“Original Lender”) and Ritchie Debt Acquisition Fund, Ltd. (“Initial Assignee”), and SPS Commerce, Inc. (“Borrower”).

SPS COMMERCE, INC. Non-Statutory Stock Option Agreement (Outside Directors) (granted under the 2001 Stock Option Plan)
Statutory Stock Option Agreement • January 11th, 2010 • SPS Commerce Inc • Services-business services, nec • Delaware

This Option shall be deemed to have vested as to 1/4th of the Shares subject to this Option on . This Option will vest for 1/36th of the remaining Shares subject to this Option on the 1st day of each month, commencing on and continuing until fully vested. If this exercise schedule results in the vesting of a fraction of a Share on any vesting date, such fractional Share shall be rounded up to the next whole Share, and the number of Shares vesting on the final vesting date shall be reduced accordingly.

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