Amendment to Stock Option Agreement between Deltek Systems, Inc. and Richard Lowenstein

Summary

Deltek Systems, Inc. and Richard Lowenstein have agreed to amend a previous stock option agreement. The amendment changes the price at which Mr. Lowenstein can purchase company stock from $10.19 to $11.48 per share. All other terms of the original agreement remain unchanged. This amendment is effective as of December 4, 2006, and is signed by both parties.

EX-10.23 38 dex1023.htm EXHIBIT 10.23 EXHIBIT 10.23

Exhibit 10.23

AMENDMENT TO

STOCK OPTION AGREEMENT

WHEREAS, Deltek Systems, Inc. (the “Company”) has granted Richard Lowenstein (“Optionee”) an option (the “Option”) to purchase Common Stock of the Company pursuant to a Stock Option Agreement with a date of grant of October 23, 2006 (the “Stock Option Agreement”); and

WHEREAS, the option price (the “Option Price”) of the Option as stated in the Stock Option Agreement is $10.19 per share of Common Stock; and

WHEREAS, the Company and Optionee wish to revise the Option Price of the Option;

NOW, THEREFORE, Section 2 of the Stock Option Agreement is amended to provide that the Option Price of the Option is $11.48 per share of Common Stock.

Except as otherwise set forth above, all other terms and conditions of the Stock Option Agreement shall remain in effect.

IN WITNESS WHEREOF, this Amendment to Stock Option Agreement has been executed by the undersigned, effective as of December 4, 2006.

 

OPTIONEE     DELTEK SYSTEMS, INC.
/s/ Richard Lowenstein     /s/ Kevin Parker
Optionee Signature     Kevin Parker
    President and Chief Executive Officer
Date: February 7, 2007     Date:   December 20, 2006