PERFORMANCE SHARE UNIT AWARD AGREEMENT

THIS PERFORMANCE SHARE UNIT AWARD AGREEMENT (this “ Agreement ”) is made and entered into effective [DATE] (the “ Grant Date ”) by and between InnerWorkings, Inc., a Delaware corporation (the “ Company ”) and [NAME] (the “ Participant ”).

RECITALS

WHEREAS, the Company has adopted the InnerWorkings, Inc. 2006 Stock Incentive Plan, as amended (the “ Plan ”) (capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Plan); and

WHEREAS, pursuant to the Plan, the Compensation Committee of the Board of Directors of the Company (the “ Committee ”) desires to grant the Participant an Award of Performance Share Units (as defined below), subject to certain restrictions as set forth in this Agreement, effective as of the Grant Date.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Participant agree as follows:

AGREEMENT

1. Grant of Performance Share Units . Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an Award of Performance Share Units that is contingent upon the satisfaction of the performance measures set forth in Section 3 below (the “ Performance Share Units ”), consisting of the target number of Performance Share Units specified in Section 4(a) hereof. Each Performance Share Unit is a notional amount that represents one (1) unvested Share and constitutes the right, subject to the terms and conditions of the Plan and this Agreement, to distribution of a Share following the vesting of such Performance Share Unit and satisfaction of the other requirements contained herein.

2. Performance Period . The Performance Period for this Award shall be the eleven (11) quarter period beginning on April 1, 2017 and ending on December 31, 2019.

3. Performance Measures . Vesting of the Award shall be based fifty percent (50%) on the cumulative adjusted earnings per share (“ Adjusted EPS ”) achieved for the Performance Period and fifty percent (50%) on the return on invested capital (“ Return on Invested Capital ”) achieved for the Performance Period. Adjusted EPS and Return on Invested Capital will be determined in accordance with the formulas and calculation methods approved by the Committee within the first ninety (90) days of the Performance Period, subject to the Committee’s certification following the end of the Performance Period.

4. Performance Goals; Number of Performance Share Units .

(a) The Participant has been credited with the target number of Performance Share Units specified in the table below. The number of Performance Share Units actually earned, if any, will be based on the Company’s performance, and may range from fifty percent (50%) of the target award level for the achievement of the performance measures set forth in Section 3 above at the “threshold” level of performance to two hundred percent (200%) of the target award level for achievement of the performance measures at the “maximum” level of performance.

(b) In the event that the Company’s actual performance does not meet the threshold level of performance, no Performance Share Units shall be earned.

(c) If the Company’s actual performance is between the percentages specified above ( i.e. , between the threshold and target levels or between the target and maximum levels), linear interpolation shall be used to determine the number of Performance Share Units earned.

(d) If the Company’s actual performance exceeds the maximum level of performance, the Performance Share Units earned shall equal the Performance Share Units specified above for the “maximum” level of performance.

(e) Notwithstanding the foregoing, except as otherwise provided in Sections 6 and 7 , in the event that the Participant experiences a termination of Service for any reason prior to the end of the Performance Period (including, but not limited to, a voluntary termination of Service), the Participant shall forfeit all Performance Share Units hereunder as of the date of such termination of Service without additional consideration, and the Participant shall have no further rights with respect thereto.

5. Timing and Form of Payout . Following the end of the Performance Period, the Participant shall be entitled to receive a number of Shares equal to the number of Performance Share Units earned under Section 4 hereof, subject to all applicable taxes and withholdings. Delivery of such Shares will be made within the first two-and-one-half (2½) months following the end of the later of the calendar year or the tax year of the Company in which the Performance Period ends, but in no event later than the end of the calendar year following the calendar year in which the Performance Period ends.

6. Termination of Service without Cause; Termination of Service Due to Death or Disability . Notwithstanding anything herein to the contrary, unless the Participant’s written employment or other written agreement with the Company or an Affiliate provides more favorable treatment, if the Participant experiences an involuntary termination of Service prior to the end of the Performance Period for any reason other than Cause or by reason of the Participant’s death or Disability, the Participant shall be entitled to receive a number of Shares the Participant would have been entitled to receive under Section 4 , based on actual performance (but capped at one hundred percent (100%) of target), as if he or she had remained employed until the last day of the Performance Period, multiplied by a fraction, the numerator of which shall be the number of full calendar months during the period from April 1, 2017 through the date of the termination of Service, and the denominator of which shall be thirty-three (33), the total number of months in the Performance Period. Delivery of such Shares shall be made in accordance with Section 5 above.

7. Treatment Upon a Change in Control .

(a) Notwithstanding anything herein to the contrary, unless the Participant’s written employment or other written agreement with the Company or an Affiliate provides more favorable treatment, upon the occurrence of a Qualifying Termination (as defined below), the Participant will be entitled to immediate vesting of the Performance Share Units at the target level of performance. For purposes of this Agreement, a “ Qualifying Termination ” means a termination of Service by the Company without Cause within ninety (90) days prior to or twenty-four (24) months following the consummation of a Change in Control.

(b) In addition, the vesting of any Performance Share Units that are not assumed by a successor company or exchanged for a replacement award on no less favorable economic terms will be accelerated as of the effective date of a Change in Control, and the Participant will be paid, within thirty (30) days after the Change in Control, an amount in cash based on an assumed achievement of the performance measure at the target level of performance.

8. Rights as a Stockholder . The Participant will not have any rights of a stockholder with respect to the Performance Share Units until the Company has issued or transferred Shares to the Participant in settlement of earned Performance Share Units in accordance with Sections 4 and 5 . The Participant will not be entitled to receive dividends or dividend equivalents on the Performance Share Units.

9. Covenants Not to Compete or Solicit .

(a) During the Participant’s Service and for a period of two (2) years following the termination thereof for any reason, the Participant shall not, anywhere in the Geographic Area (as defined below), other than on behalf of the Company or a Subsidiary of the Company or with the prior written consent of the Company, directly or indirectly:

(i) perform services for (whether as an employee, agent, consultant, advisor, independent contractor, proprietor, partner, officer, director or otherwise), have any ownership interest in (except for passive ownership of five percent (5%) or less of any entity whose securities have been registered under the Securities Act of 1933, as amended, or Section 12 of the Exchange Act, or participate in the financing, operation, management or control of, any firm, partnership, corporation, entity or business that engages or participates in a “competing business purpose” (as defined below);

(ii) induce or attempt to induce any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company to cease doing business with the Company or such Subsidiary, or in any way interfere with the relationship between any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company or solicit the business of any customer or potential customer of the Company or a Subsidiary of the Company, whether or not the Participant had personal contact with such entity; and

(iii) solicit, encourage, hire or take any other action that is intended to induce or encourage, or has the effect of inducing or encouraging, any employee or independent contractor of the Company or any Subsidiary of the Company to terminate his or her employment or relationship with the Company or any Subsidiary of the Company, other than in the discharge of his or her duties as an officer of the Company, if applicable.

(b) For purposes of this Agreement, the term “ competing business purpose ” shall mean the sale or provision of any printed materials, items, or other products or services that are competitive with in any manner the products or services sold or offered by the Company or a Subsidiary thereof while this Agreement is in effect. The term “ Geographic Area ” shall mean the Participant’s country of employment and any other countries in which the Participant conducts business on behalf of the Company or a Subsidiary of the Company.

(c) The covenants contained in this Section 9 shall be construed as a series of separate covenants, one for each county, city, state or any similar subdivision in any Geographic Area. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in the preceding sections. If, in any judicial proceeding, a court refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event that the provisions of this Section 9 are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions shall be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable law.

(d) For the avoidance of doubt, the covenants contained in this Section 9 shall be in addition to, and not in lieu of, any written restrictive covenants to which the Participant may otherwise be subject, whether under the terms of his or her employment or services agreement or otherwise.

10. Remedies for Breach .

(a) The Participant acknowledges and agrees that the agreements and covenants set forth in Section 9 are reasonable and necessary for the protection of the Company’s business interests, that irreparable injury will result to the Company if the Participant breaches any of the terms of said covenants, and that in the event of the Participant’s actual or threatened breach of any such covenants, the Company will have no adequate remedy at law. The Participant accordingly agrees that, in the event of any actual or threatened breach by the Participant of any of said covenants, the Company will be entitled to seek immediate injunctive and other equitable relief, without bond and without the necessity of showing actual monetary damages. Nothing in this Section 10 will be construed as prohibiting the Company from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of any damages that it is able to prove.

(b) In addition, and not in limitation of the foregoing, in the event of the Participant’s breach of any of the covenants set forth in Section 9 , (i) the Performance Share Units (whether vested or unvested) shall immediately be forfeited and (ii) the Company shall be entitled to recover any Shares acquired upon the vesting of the Performance Share Units, and if the Participant has previously sold any of the Shares derived from the Performance Share Units, the Company shall also have the right to recover from the Participant the economic value thereof.

(c) Each of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement, and to exercise all other rights existing in its favor. The Participant agrees and acknowledges that money damages will not be an adequate remedy for any breach of the provisions of this Agreement and that the Company will be entitled to specific performance and injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement.

11. Tax Withholding . The Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, the amount necessary to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising under this Plan. The Company may satisfy the withholding requirement for supplemental wages, in whole or in part, by withholding Shares having a Fair Market Value (determined on the date the Participant recognizes taxable income) equal to the withholding tax required to be collected on the transaction. The

Participant may elect, subject to the approval of the Committee, to deliver the necessary funds to satisfy the withholding obligation to the Company, in which case there will be no reduction in the Shares otherwise distributable to the Participant.

12. Plan . The Participant hereby acknowledges receipt of a copy of the Plan. Notwithstanding any other provision of this Agreement, the Performance Share Units are granted pursuant to the Plan, as in effect on the date of this Agreement, and are subject to the terms and conditions of the Plan, as the same may be amended from time to time; provided, however, that except as otherwise provided by the Plan, no amendment to either the Plan or this Agreement will deprive the Participant, without the Participant’s consent, of any Performance Share Units or of the Participant’s rights under this Agreement. The interpretation and construction by the Committee of the Plan, this Agreement, the Performance Share Units, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, will be final and binding upon the Participant. In the event that the terms of this Agreement conflict with the terms of the Plan, the Plan shall control.

13. Section 409A . This Agreement is intended to be exempt from or, in the alternative, to comply with Section 409A of the Code (“ Section 409A ”) and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A. Notwithstanding any other provision in this Agreement to the contrary, if the Participant is a “specified employee” (as such term is defined for purposes of Section 409A) at the time of his or termination of employment, no amount that is subject to Section 409A and that becomes payable by reason of such termination of employment shall be paid to the Participant before the earlier of (a) the expiration of the six (6) month period measured from the date of the Participant’s termination of employment and (b) the date of the Participant’s death.

14. No Employment Rights . No provision of this Agreement or of the Performance Share Units will give the Participant any right to continue in the employ of the Company or any of its Affiliates, create any inference as to the length of employment of the Participant, affect the right of the Company or its Affiliates to terminate the employment of the Participant, with or without Cause, or give the Participant any right to participate in any employee welfare or benefit plan or other program of the Company or any of its Affiliates.

15. Changes in Company’s Capital or Organizational Structure . The existence of the Performance Share Units shall not affect in any way the right or authority of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of preferred Shares ahead of or affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding, whether of a similar character or otherwise.

16. Delays . In accordance with the terms of the Plan, the Company shall have the right to suspend or delay any time period prescribed in this Agreement or in the Plan for any action if the Committee shall determine that the action may constitute a violation of any law or result in any liability under any law to the Company, an Affiliate or a stockholder in the Company until such time as the action required or permitted will not constitute a violation of law or result in liability to the Company, an Affiliate or a stockholder of the Company.

17. Governing Law; Construction . This Agreement and the Performance Share Units will be governed by, and construed and enforced in accordance with, the laws of the State of Illinois without regard to conflicts of law principles. The jurisdiction and venue for any disputes arising under, or any action brought to enforce (or otherwise relating to), this Agreement will be exclusively in the courts in the State of Illinois, Cook County, including the Federal Courts located therein (should Federal jurisdiction exist). Common nouns and pronouns shall be deemed to refer to the masculine, feminine, neuter, singular and plural, as the context requires.

18. Entire Agreement . This Agreement, together with the Plan and any other agreements incorporated herein by reference, constitutes the entire obligation of the parties with respect to the subject matter of this Agreement and supersedes any prior written or oral expressions of intent or understanding with respect to such subject matter (provided, that except as set forth in Sections 6 and 7 of this Agreement (if and to the extent applicable), this Agreement shall not supersede any written employment agreement or other written agreement between the Company and the Participant, including, but not limited to, any written restrictive covenant agreements).

19. Amendment . This Agreement may be amended as provided in the Plan.

20. Waiver; Cumulative Rights . The failure or delay of either party to require performance by the other party of any provision of this Agreement will not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each right under this Agreement is cumulative and may be exercised in part or in whole from time to time.

21. Counterparts . This Agreement may be signed in two counterparts, each of which will be an original, but both of which will constitute one and the same instrument.

22. Notices . Any notices required or permitted under this Agreement must be in writing and may be delivered personally or by mail, postage prepaid, addressed to (a) the Company at InnerWorkings, Inc., 600 West Chicago Avenue, Suite 850, Chicago, IL 60654, Attention: Corporate Secretary and (b) the Participant at the Participant’s address as shown on the Company’s payroll records, or to such other address as the Participant, by notice to the Company, may designate in writing from time to time.

23. Headings . The headings in this Agreement are for reference purposes only and will not affect the meaning or interpretation of this Agreement.

24. Severability . If any provision of this Agreement is for any reason held to be invalid or unenforceable, such invalidity or unenforceability will not affect any other provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted.

25. No Strict Construction . The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party.

26. Successors and Assigns . This Agreement will inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon the Participant or a representative, and all rights granted to the Company under this Agreement, will be binding upon the Participant’s or the representative’s heirs, legal representatives and successors.

27. Tax Consequences .    The Participant agrees to determine and be responsible for all tax consequences to the Participant with respect to the Performance Share Units.

28. No Guarantee of Future Awards . This Agreement does not guarantee the Participant the right to or expectation of future Awards under the Plan or any future incentive plan adopted by the Company.

29. Incentive Compensation Recoupment . Notwithstanding anything in the Plan or in this Agreement to the contrary, this Award shall be subject to any compensation recovery and/or recoupment policy adopted by the Company to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, as such policies may be adopted and/or amended from time to time.

[signature page follows]

    

IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement as of the date first written above.

INNERWORKINGS, INC.:                  PARTICIPANT:

By:    ______________________________        By:    ______________________________

Title    ______________________________        Name:    ______________________________

Name:    ______________________________

STOCK OPTION AGREEMENT

THIS STOCK OPTION AGREEMENT (this " Agreement ") is made and entered into effective _________________ by and between InnerWorkings, Inc., a Delaware corporation (the " Company "), and _________________ (the " Option Holder ").

RECITALS

WHEREAS , the Option Holder has been designated by the Compensation Committee of the Board of Directors of the Company (the " Committee ") to participate in the InnerWorkings, Inc. 2006 Stock Incentive Plan, as amended (the " Plan ") (capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Plan).

NOW, THEREFORE , in consideration of the premises and mutual covenants contained herein, and for other good and valuable consideration, the Company and the Option Holder agree as follows:

AGREEMENT

1. Grant . Pursuant to the provisions of the Plan, all of the terms of which are incorporated herein by reference unless otherwise provided herein, the Company hereby grants to the Option Holder an option (the " Option ") to purchase _________________ Shares of Common Stock. The Option is granted as of _________________ (the " Date of Grant ") and is subject to all of the terms and conditions set forth herein and to all of the terms and the conditions of the Plan. In the event of a conflict between the Plan and this Agreement, the terms of the Plan shall govern. The Option is intended to be non-qualified, and is not intended to be an incentive stock option under Section 422 of the Code.

2. Exercise Price . The Exercise Price per Share subject to the Option shall be equal to the closing sale price of a Share on the Date of Grant ( $ _________________).

3. Term of Option . The Option may, subject to the vesting and termination provisions of Section 4 and 5 below, be exercised only during the period commencing on the Date of Grant and continuing until the close of business on the tenth anniversary of the Date of Grant (the " Option Period "). At the end of the Option Period, the Option shall terminate, unless sooner terminated pursuant to Section 5 below.

4. Vesting . The Option Holder’s right to purchase Shares of Common Stock under the Option shall be exercisable only to the extent that the Option has vested. Except as may otherwise be provided in a written employment or other written agreement between the Option Holder and the Company, and subject to Section 7 below, the Option shall vest and become exercisable pursuant to the following schedule (provided the Option Holder has remained continuously in Service as of each applicable vesting date):

(a) one-quarter (1/4) of the Option shall vest and become exercisable on the first anniversary of the Date of Grant;

(b) an additional one-quarter (1/4) of the Option shall vest and become exercisable on the second anniversary of the Date of Grant;

(c) an additional one-quarter (1/4) of the Option shall vest and become exercisable on the third anniversary of the Date of Grant; and

(d) the final one-quarter (1/4) of the Option shall vest and become exercisable on the fourth anniversary of the Date of Grant.

5. Termination of Employment . In the event the Option Holder experiences a termination of Service, the Options shall terminate in accordance with the following:

(a) In the event the Option Holder’s Service is terminated by the Company for any reason other than Cause, Disability, death, or by the Option Holder for "Good Reason" (if and to the extent such term is defined in a written employment or other written agreement between the Option Holder and the Company), Options that are exercisable pursuant to Section 4 of this Agreement at the time of such termination of Service shall remain exercisable until the earlier of (i) the expiration of the Option Period or (ii) one year from the date of such termination of Service. Options that are not exercisable at the time of such termination of Service shall expire at the close of business on the date of such termination of Service.

(b) In the event the Option Holder terminates Service on account of the Disability or death of the Option Holder, Options that are exercisable pursuant to Section 4 of this Agreement at the time of such termination of Service shall remain exercisable until the expiration of the Option Period. Options that are not exercisable at the time of such termination of Service shall expire at the close of business on the date of such termination of Service.

(c) In the event the Option Holder’s Service is terminated for Cause, all outstanding Options granted to such Option Holder, whether or not then vested and exercisable, shall expire as of the commencement of business on the date of such termination of Service.

(d) In the event the Option Holder terminates Service for any reason other than those described in subsections (a), (b) and (c) of this Section 5, Options that are exercisable pursuant to Section 4 of this Agreement at the time of such termination of Service shall remain exercisable until the earlier of (i) the remaining Option Period or (ii) thirty (30) days from the date of such termination of Service. Options that are not exercisable at the time of such termination of Service shall expire at the close of business on the date of such termination of Service.

6. Exercise of Option . In order to exercise the Option, the Option Holder shall submit to the Secretary of the Company an instrument in writing specifying the number of Shares of Common Stock in respect of which the Option is being exercised, accompanied by payment, in a manner acceptable to the Committee, of the exercise price of the Shares in respect of which the Option is being exercised. Shares shall then be issued by the Company and a Share certificate delivered to the Option Holder; provided , however , that the Company shall not be obligated to issue any Shares hereunder if the issuance of such Shares would violate the provisions of any applicable law.

7. Conditions . The Option Holder will not have any of the rights of a shareholder with respect to any Shares until the Company has issued or transferred such Shares to the Option Holder after the exercise of the Option. As a condition to the Company's obligation to issue or transfer Shares to the Option Holder after the exercise of the Option, the Option Holder shall have paid in full for the Shares as to which he or she exercised the Option.

8. Non-Transferable . The Option may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent.

9. No Obligation to Exercise . Neither the Option Holder nor any permissible transferee is or will be obligated by the grant of the Option to exercise it.

10. Covenants Not to Compete or Solicit .

(a) During the Option Holder’s Service and for a period of two (2) years following the termination thereof for any reason, the Option Holder shall not, anywhere in the Geographic Area (as defined below), other than on behalf of the Company or a Subsidiary of the Company or with the prior written consent of the Company, directly or indirectly:

(i) perform services for (whether as an employee, agent, consultant, advisor, independent contractor, proprietor, partner, officer, director or otherwise), have any ownership interest in (except for passive ownership of five percent (5%) or less of any entity whose securities have been registered under the Securities Act of 1933, as amended, or Section 12 of the Exchange Act, or participate in the financing, operation, management or control of, any firm, partnership, corporation, entity or business that engages or participates in a “competing business purpose” (as defined below);

(ii) induce or attempt to induce any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company to cease doing business with the Company or such Subsidiary, or in any way interfere with the relationship between any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company or solicit the business of any customer or potential customer of the Company or a Subsidiary of the Company, whether or not the Option Holder had personal contact with such entity; and

(iii) solicit, encourage, hire or take any other action that is intended to induce or encourage, or has the effect of inducing or encouraging, any employee or independent contractor of the Company or any Subsidiary of the Company to terminate his or her employment or relationship with the Company or any Subsidiary of the Company, other than in the discharge of his or her duties as an officer of the Company, if applicable.

(b) For purposes of this Agreement, the term “ competing business purpose ” shall mean the sale or provision of any printed materials, items, or other products or services that are competitive with in any manner the products or services sold or offered by the Company or a Subsidiary thereof while this Agreement is in effect. The term “ Geographic Area ” shall mean the Option Holder’s country of employment and any other countries in which the Option Holder conducts business on behalf of the Company or a Subsidiary of the Company.

(c) The covenants contained in this Section 10 shall be construed as a series of separate covenants, one for each county, city, state or any similar subdivision in any Geographic Area. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in the preceding sections. If, in any judicial proceeding, a court refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event that the provisions of this Section 10 are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions shall be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable law.

(d) For the avoidance of doubt, the covenants contained in this Section 10 shall be in addition to, and not in lieu of, any written restrictive covenants to which the Option Holder may otherwise be subject, whether under the terms of his or her employment or services agreement or otherwise.

11. Remedies for Breach .

(a) The Option Holder acknowledges and agrees that the agreements and covenants set forth in Section 10 are reasonable and necessary for the protection of the Company’s business interests, that irreparable injury will result to the Company if the Option Holder breaches any of the terms of said covenants, and that in the event of the Option Holder’s actual or threatened breach of any such covenants, the Company will have no adequate remedy at law. The Option Holder accordingly agrees that, in the event of any actual or threatened breach by the Option Holder of any of said covenants, the Company will be entitled to seek immediate injunctive and other equitable relief, without bond and without the necessity of showing actual monetary damages. Nothing in this Section 11 will be construed as prohibiting the Company from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of any damages that it is able to prove.

(b) In addition, and not in limitation of the foregoing, in the event of the Option Holder’s breach of any of the covenants set forth in Section 10, (i) the Option (whether vested or unvested) shall immediately be forfeited and (ii) the Company shall be entitled to recover any Shares acquired upon the exercise of the Option, and if the Option Holder has previously sold any of the Shares derived from the Option, the Company shall also have the right to recover from the Option Holder the economic value thereof.

(c) Each of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement, and to exercise all other rights existing in its favor. The Participant agrees and acknowledges that money damages will not be an adequate remedy for any breach of the provisions of this Agreement and that the Company will be entitled to specific performance and injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement.

12. References . References herein to rights and obligations of the Option Holder shall apply, where appropriate, to the Option Holder’s legal representative or guardian without regard to whether specific reference to such legal representative or guardian is contained in a particular provision of this Agreement or the Plan.

13. Taxes . The Option Holder shall be responsible for all taxes required to be paid under applicable tax laws with respect to the Option.

14. Plan . The Option Holder hereby acknowledges receipt of a copy of the Plan. Notwithstanding any other provision of this Agreement, the Option is granted pursuant to the Plan, as in effect on the date of the Agreement, and is subject to the terms and conditions of the Plan, as the same may be amended from time to time; provided, however, that except as otherwise provided by the Plan, no amendment to either the Plan or this Agreement will deprive the Participant, without the Option Holder’s consent, of the Option or of the Option Holder’s rights under this Agreement. The interpretation and construction by the Committee of the Plan, this Agreement, the Option, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, will be final and binding upon the Option Holder. In the event that the terms of this Agreement conflict with the terms of the Plan, the Plan shall control.

15. No Employment Rights . No provision of this Agreement or of the Option will give the Option holder any right to continue in the employ of the Company or any of its Affiliates, create any inference as to the length of employment of the Option Holder, affect the right of the Company or its Affiliates to terminate the employment of the Option Holder, with or without Cause, or give the Option Holder any right to participate in any employee welfare or benefit plan or other program of the Company or any of its Affiliates.

16. Changes in Company’s Capital or Organizational Structure . The existence of the Option shall not affect in any way the right or authority of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of preferred Shares ahead of or affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding, whether of a similar character or otherwise.

17. Entire Agreement . This Agreement, together with the Plan and any other agreements incorporated by reference, constitutes the entire obligation of the parties with respect to the subject matter of this Agreement and supersedes any prior written or oral expressions of intent or understanding with respect to such subject matter (provided, that this Agreement shall not supersede any written employment agreement or other written agreement between the Company and the Option Holder, including, but not limited to, any written restrictive covenant agreements). The Option Holder represents that, in executing this Agreement, he does not rely and has not relied upon any representation or statement not set forth herein made by the Company with regard to the subject matter, bases or effect of this Agreement or otherwise.

18. Amendment . This Agreement may be amended as provided in the Plan.

19. Waiver; Cumulative Rights . The failure or delay of either party to require performance by the other party of any provision of this Agreement will not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each right under this Agreement is cumulative and may be exercised in part or in whole from time to time.

20. Notices . Any notices required or permitted under this Agreement must be in writing and may be delivered personally or by mail, postage prepaid, addressed to (a) the Company at InnerWorkings, Inc., 600 West Chicago Avenue, Suite 850, Chicago, IL 60654, Attention: Corporate Secretary and (b) the Option Holder at the Option Holder’s address as shown on the Company’s payroll records, or to such other address as the Option Holder, by notice to the Company, may designate in writing from time to time.

21. Severability . If any provision of this Agreement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and unenforceable, shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by law.

22. Governing Law; Construction . This Agreement and the Option will be governed by, and construed and enforced in accordance with, the laws of the State of Illinois without regard to conflicts of law principles. The jurisdiction and venue for any disputes arising under, or any action brought to enforce (or otherwise relating to), this Agreement will be exclusively in the courts in the State of Illinois, Cook County, including the Federal Courts located therein (should Federal jurisdiction exist). Common nouns and pronouns shall be deemed to refer to the masculine, feminine, neuter, singular and plural, as the context requires.

23. Counterparts . This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

24. No Guarantee of Future Awards . This Agreement does not guarantee the Option Holder the right to or expectation of future Awards under the Plan or any future incentive plan adopted by the Company.

25. Incentive Compensation Recoupment . Notwithstanding anything in the Plan or in this Agreement to the contrary, this Option shall be subject to any compensation recovery and/or recoupment policy adopted by the Company to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, as such policies may be adopted and/or amended from time to time.

[signature page follows]

IN WITNESS WHEREOF , the parties have executed this Agreement as of the date and year set forth above.

INNERWORKINGS, INC.:                  PARTICIPANT:

By:    ______________________________        By:    ______________________________

Title    ______________________________        Name:    ______________________________

Name:    ______________________________

RESTRICTED STOCK AWARD AGREEMENT

THIS RESTRICTED STOCK AWARD AGREEMENT (the “ Agreement ”), is made and entered into effective _________________ (the “ Grant Date ”), by and between InnerWorkings, Inc., a Delaware corporation (the “ Company ”), and _________________ (the “ Participant ”).

RECITALS

WHEREAS , the Company has adopted the InnerWorkings, Inc. 2006 Stock Incentive Plan, as amended (the “ Plan ”);

WHEREAS , pursuant to the Plan, the Company desires to grant to the Participant the shares of Restricted Stock set forth in Section 2(a) below, subject to certain restrictions set forth in this Agreement, effective as of the Grant Date; and

WHEREAS , the Board of Directors or Compensation Committee of the Board of Directors of the Company (the “ Committee ”) has duly made all determinations necessary or appropriate to the grants hereunder.

NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth in this Agreement and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

AGREEMENT

1. Definitions . Any capitalized term used in this Agreement that is not defined in this Agreement will have the same meaning given to it in the Plan.

2. Grant of Restricted Stock; Vesting .

(a) Subject to the terms and conditions of the Plan, and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant, as a matter of separate agreement and not in lieu of salary or any other compensation for services, an Award of _________________ shares of Restricted Stock.

(b) Provided that the Participant remains continuously in Service as of each applicable vesting date, one quarter (1/4) of the Restricted Stock will vest on each of the first four (4) anniversaries of the Grant Date. In the event that the Participant incurs a termination of Service for any reason, all unvested shares of Restricted Stock shall be cancelled and forfeited.

3. Certificates; Transferability . Shares of Restricted Stock awarded under Section 2 will be evidenced by one or more certificates or will be credited to a book entry account maintained by the Company on behalf of the Participant, and such certificate(s) or book entry (as applicable) will appropriately record the terms, conditions and restrictions applicable to such Restricted Stock. To the extent certificates are issued with respect to the Restricted Stock, the Company will retain physical possession of such certificates, and the Participant shall be required upon demand to execute and deliver one or more stock powers to the Company, endorsed in blank, relating to such shares of Restricted Stock for so long as such shares remain unvested and subject to a risk of forfeiture. Neither unvested shares of Restricted Stock, nor the right to vote such shares and receive dividends thereon, may be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered; provided, however, that the Participant may grant to another person a revocable proxy to vote unvested shares of Restricted Stock at a Company stockholder meeting.

4. Rights as a Stockholder . Prior to the time that the Restricted Stock is fully vested, the Participant will have full voting rights with respect to shares of Restricted Stock issued hereunder. The Participant will be entitled to receive dividends on shares of Restricted Stock if and when dividends are payable on Shares to shareholders of record after the Grant Date (unless and until such Restricted Stock is forfeited). In the absence of an effective election under Section 83(b) of the Code, dividends paid on unvested shares of Restricted Stock will be treated as compensation and are subject to withholding.

5. Delivery and Withholding . Subject to satisfaction of any tax withholding obligation as described below, shares of Restricted Stock that are no longer subject to forfeiture will be transferred and delivered to the Participant as soon as practicable after the date on which they vest in accordance with Section 2(b). Upon the vesting of shares of Restricted Stock, the prohibition against the sale or transfer of such shares will be lifted and such shares may be treated as any other Shares, subject to any restrictions on transfer that may be applicable under federal securities laws. In the absence of an effective election under Section 83(b) of the Code, the payment to the Participant and transfer of such shares of Restricted Stock upon vesting will be subject to withholding by the Company of amounts sufficient to cover withholding obligations applicable to such payment and transfer. In the event that any required tax withholding upon the settlement of such Restricted Stock exceeds the Participant’s regular compensation available to satisfy such withholding, the Participant agrees to remit to the Company, as a condition of settlement of the Restricted Stock,

such additional amounts as are necessary to satisfy such required withholding. Any withholding obligation may be settled either in cash or with Shares, including by withholding Shares that are otherwise deliverable hereunder upon vesting of Restricted Stock.

6. Covenants Not to Compete or Solicit .

(a) During the Participant’s Service and for a period of two (2) years following the termination thereof for any reason, the Participant shall not, anywhere in the Geographic Area (as defined below), other than on behalf of the Company or a Subsidiary of the Company or with the prior written consent of the Company, directly or indirectly:

(i) perform services for (whether as an employee, agent, consultant, advisor, independent contractor, proprietor, partner, officer, director or otherwise), have any ownership interest in (except for passive ownership of five percent (5%) or less of any entity whose securities have been registered under the Securities Act of 1933, as amended, or Section 12 of the Exchange Act, or participate in the financing, operation, management or control of, any firm, partnership, corporation, entity or business that engages or participates in a “competing business purpose” (as defined below);

(ii) induce or attempt to induce any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company to cease doing business with the Company or such Subsidiary, or in any way interfere with the relationship between any customer, potential customer, supplier, licensee, licensor or business relation of the Company or a Subsidiary of the Company or solicit the business of any customer or potential customer of the Company or a Subsidiary of the Company, whether or not the Participant had personal contact with such entity; and

(iii) solicit, encourage, hire or take any other action that is intended to induce or encourage, or has the effect of inducing or encouraging, any employee or independent contractor of the Company or any Subsidiary of the Company to terminate his or her employment or relationship with the Company or any Subsidiary of the Company, other than in the discharge of his or her duties as an officer of the Company, if applicable.

(b) For purposes of this Agreement, the term “ competing business purpose ” shall mean the sale or provision of any printed materials, items, or other products or services that are competitive with in any manner the products or services sold or offered by the Company or a Subsidiary thereof while this Agreement is in effect. The term “ Geographic Area ” shall mean the Participant’s country of employment and any other countries in which the Participant conducts business on behalf of the Company or a Subsidiary of the Company.

(c) The covenants contained in this Section 6 shall be construed as a series of separate covenants, one for each county, city, state or any similar subdivision in any Geographic Area. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in the preceding sections. If, in any judicial proceeding, a court refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event that the provisions of this Section 6 are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions shall be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable law.

7. Remedies for Breach .

(a) The Participant acknowledges and agrees that the agreements and covenants set forth in Section 6 are reasonable and necessary for the protection of the Company’s business interests, that irreparable injury will result to the Company if the Participant breaches any of the terms of said covenants, and that in the event of the Participant’s actual or threatened breach of any such covenants, the Company will have no adequate remedy at law. The Participant accordingly agrees that, in the event of any actual or threatened breach by the Participant of any of said covenants, the Company will be entitled to seek immediate injunctive and other equitable relief, without bond and without the necessity of showing actual monetary damages. Nothing in this Section 7 will be construed as prohibiting the Company from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of any damages that it is able to prove.

(b) In addition, and not in limitation of the foregoing, in the event of the Participant’s breach of any of the covenants set forth in Section 6, (i) the shares of Restricted Stock (whether vested or unvested) shall immediately be forfeited and (ii) the Company shall be entitled to recover any Shares acquired upon the vesting of the Restricted Stock, and if the Participant has previously sold any of the Shares derived from the vesting of the Restricted Stock, the Company shall also have the right to recover from the Participant the economic value thereof.

(c) Each of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement, and to exercise all other rights existing in its favor. The Participant agrees and acknowledges that money damages will not be an adequate remedy for any breach of the provisions of this Agreement and that the Company will be entitled to specific performance and injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement.

8. Plan . The Participant hereby acknowledges receipt of a copy of the Plan. Notwithstanding any other provision of this Agreement, the Restricted Stock is granted pursuant to the Plan, as in effect on the date of the Agreement, and is subject to the terms and conditions of the Plan, as the same may be amended from time to time; provided, however, that except as otherwise provided by the Plan, no amendment to either the Plan or this Agreement will deprive the Participant, without the Participant’s consent, of any shares of Restricted Stock or of the Participant’s rights under this Agreement. The interpretation and construction by the Committee of the Plan, this Agreement, the Restricted Stock, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, will be final and binding upon the Participant.

9. No Employment Rights . No provision of this Agreement or of the Restricted Stock will give the Participant any right to continue in the employ of the Company or any of its Affiliates, create any inference as to the length of employment of the Participant, affect the right of the Company or its Affiliates to terminate the employment of the Participant, with or without Cause, or give the Participant any right to participate in any employee welfare or benefit plan or other program of the Company or any of its Affiliates.

10. Changes in Company’s Capital or Organizational Structure . The existence of the Restricted Stock shall not affect in any way the right or authority of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of preferred Shares ahead of or affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding, whether of a similar character or otherwise.

11. Delays . In accordance with the terms of the Plan, the Company shall have the right to suspend or delay any time period prescribed in this Agreement or in the Plan for any action if the Committee shall determine that the action may constitute a violation of any law or result in any liability under any law to the Company, an Affiliate or a shareholder in the Company until such time as the action required or permitted will not constitute a violation of law or result in liability to the Company, an Affiliate or a shareholder of the Company.

12. Governing Law; Construction . This Agreement and the Restricted Stock will be governed by, and construed and enforced in accordance with, the laws of the State of Illinois without regard to conflicts of law principles. The jurisdiction and venue for any disputes arising under, or any action brought to enforce (or otherwise relating to), this Agreement will be exclusively in the courts in the State of Illinois, Cook County, including the Federal Courts located therein (should Federal jurisdiction exist). Common nouns and pronouns shall be deemed to refer to the masculine, feminine, neuter, singular and plural, as the context requires.

13. Entire Agreement . This Agreement, together with the Plan and any other agreements incorporated herein by reference, constitutes the entire obligation of the parties with respect to the subject matter of this Agreement and supersedes any prior written or oral expressions of intent or understanding with respect to such subject matter (provided, that this Agreement shall not supersede any written employment agreement or other written agreement between the Company and the Participant, including, but not limited to, any written restrictive covenant agreements). The Participant represents that, in executing this Agreement, he does not rely and has not relied upon any representation or statement not set forth herein made by the Company with regard to the subject matter, bases or effect of this Agreement or otherwise.

14. Amendment . This Agreement may be amended as provided in the Plan.

15. Waiver; Cumulative Rights . The failure or delay of either party to require performance by the other party of any provision of this Agreement will not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each right under this Agreement is cumulative and may be exercised in part or in whole from time to time.

16. Counterparts . This Agreement may be signed in two counterparts, each of which will be an original, but both of which will constitute one and the same instrument.

17. Notices . Any notices required or permitted under this Agreement must be in writing and may be delivered personally or by mail, postage prepaid, addressed to (a) the Company at InnerWorkings, Inc., 600 West Chicago Avenue, Suite 850, Chicago, IL 60654, Attention: Corporate Secretary and (b) the Participant at the Participant’s address as shown on the Company’s payroll records, or to such other address as the Participant, by notice to the Company, may designate in writing from time to time.

18. Headings . The headings in this Agreement are for reference purposes only and will not affect the meaning or interpretation of this Agreement.

19. Severability . If any provision of this Agreement is for any reason held to be invalid or unenforceable, such invalidity or unenforceability will not affect any other provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted.

20. No Strict Construction . The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party.

21. Successors and Assigns . This Agreement will inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon the Participant or a representative, and all rights granted to the Company under this Agreement, will be binding upon the Participant’s or the representative’s heirs, legal representatives and successors.

22. Tax Consequences .    The Participant agrees to determine and be responsible for all tax consequences to the Participant with respect to the Restricted Stock.

23. No Guarantee of Future Awards . This Agreement does not guarantee the Participant the right to or expectation of future Awards under the Plan or any future incentive plan adopted by the Company.

24. Incentive Compensation Recoupment . Notwithstanding anything in the Plan or in this Agreement to the contrary, this Award shall be subject to any compensation recovery and/or recoupment policy adopted by the Company to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, as such policies may be adopted and/or amended from time to time.

[signature page follows]

    

IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement as of the date first written above.

INNERWORKINGS, INC.:                  PARTICIPANT:

By:    ______________________________        By:    ______________________________

Title    ______________________________        Name:    ______________________________

Name:    ______________________________