EXHIBIT 10.15


 


INDEMNIFICATION AGREEMENT


 


This Indemnification
Agreement (the “Agreement”) is made and entered into as of February 26, 2013 by and between SeaChange International,
Inc., a Delaware corporation (the “Company”), and _______________ (“Indemnitee”).


 


RECITALS


 


A.           It
is essential that the Company be able to attract and retain well qualified directors and officers;


 


B.           Competent
and experienced persons may be reluctant to serve or to continue to serve as directors or officers of corporations unless they
are protected by comprehensive liability insurance or indemnification, or both, due to increased exposure to litigation costs and
risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship
to the compensation of such directors or officers and the defense or settlement of such litigation is often beyond the personal
resources of such directors or officers;


 


C.           The
Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) provides
for the indemnification of the officers and directors of the Company to the maximum extent authorized by Section 145 of the Delaware
General Corporation Law, as amended (“DGCL”);


 


D.           The
Certificate of Incorporation and DGCL, by their non-exclusive nature, permit agreements between the Company and the directors or
officers of the Company with respect to indemnification of such directors or officers;


 


E.           In
accordance with the authorization as provided by the Certificate of Incorporation and DGCL, the Company may purchase and maintain
a policy or policies of directors’ and officers’ liability insurance (“D & O Insurance”), covering
certain liabilities which may be incurred by its directors or officers in the performance of their obligations of the Company;


 


F.           It
is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on
behalf of, its directors and officers to the fullest extent permitted by applicable law so that they will serve or continue to
serve the Company free from undue concern that they will not be so indemnified;


 


G.           In
order to induce Indemnitee to continue to serve as a director or officer of the Company, the Company has agreed to enter into this
Agreement with Indemnitee; and


 


H.           This
Agreement is intended to be an “accountable plan” within the meaning of Treas. Reg. 1.62-2(c), and shall be interpreted
to achieve that purpose.


 




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NOW, THEREFORE, in
consideration of Indemnitee’s service as a director after the date hereof, the parties hereto agree as follows:


 


1. Definitions.
For purposes of this Agreement, the following terms shall have the meanings indicated:


 


(a) “Board”
shall mean the Board of Directors of the Company.


 


(b) “Change
in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following
events:


 


		(i)	the members of the Board at the beginning of any consecutive 12-calendar-month period (the “Incumbent Directors”)
cease for any reason other than due to death to constitute at least a majority of the members of the Board; provided that any director
whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of
the members of the Board then still in office who were members of the Board at the beginning of such 12-calendar-month period,
shall be deemed to be an Incumbent Director;



 


		(ii)	any consolidation or merger of the Company where the stockholders of the Company, immediately prior to the consolidation or
merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, shares of the Company’s common stock, $0.01 par value, representing in the aggregate
50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or
merger (or of its ultimate parent corporation, if any);



 


		(iii)	there shall occur (A) any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated
or arranged by any party as a single plan) of all or substantially all of the assets of the Company, other than a sale or disposition
by the Company of all or substantially all of the Company's assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned by persons in substantially the same proportion as their ownership of the Company immediately
prior to such sale or (B) the approval by stockholders of the Company of any plan or proposal for the liquidation or dissolution
of the Company; or



 


		(iv)	Any corporation or other legal person, pursuant to a tender offer, exchange offer, purchase of stock (whether in a market transaction
or otherwise) or other transaction or event acquires securities representing 40% or more of the combined voting power of the voting
securities of the Company, or there is a report filed on Schedule 13D or Schedule 14D-1 (or any successor schedule, form
or report), each as promulgated pursuant to the Exchange Act, disclosing that any "person" (as such term is used in Section 13(d)(3)
or Section 14(d)(2) of the Exchange Act) has become the "beneficial owner" (as such term is used in Rule 13d-3
under the Exchange Act) of securities representing 40% or more of the combined voting power of the voting securities of the Company.



 




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(c) “Corporate
Status” describes the status of a person who is or was a director, officer, employee, agent, trustee or fiduciary of
the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such
person is or was serving at the express written request of the Company.


 


(d) “Court”
means the Court of Chancery of the State of Delaware, the court in which the Proceeding in respect of which indemnification is
sought by Indemnitee shall have been brought or is pending, or another court having subject jurisdiction and personal jurisdiction
over the parties.


 


(e) “Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.


 


(f) “Enterprise”
shall mean the Company and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
of which Indemnitee is or was serving at the express written request of the Company as a director, officer, employee, agent, trustee
or fiduciary.


 


(g) “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.


 


(h) “Expenses”
shall include, without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts,
witness fees, travel expenses, duplication costs, printing and binding costs, telephone charges, postage, delivery service fees
and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding, or responding to,
or objecting to, a request to provide discovery in any Proceeding. Expenses also shall include Expenses incurred in connection
with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating
to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in
settlement by Indemnitee or the amount of judgments or fines against Indemnitee.


 


(i) “Good
Faith” means Indemnitee having acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed
to the best interest of the Company or, in the case of an Enterprise which is an employee benefit plan, the best interests of the
participants or beneficiaries of said plan, as the case may be, and, with respect to any Proceeding which is criminal in nature,
having had no reasonable cause to believe Indemnitee’s conduct was unlawful.


 




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(j) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either
such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the standards of professional
conduct then prevailing and applicable to such counsel, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement.


 


(k) “Proceeding”
includes any action, suit, arbitration, alternate dispute resolution mechanism, investigation (including any internal corporate
investigation), inquiry, administrative hearing or any other actual, threatened, or completed proceeding whether civil, criminal,
administrative or investigative, other than one initiated by Indemnitee without the approval of the Board. For purposes of the
foregoing sentence, a “Proceeding” shall not be deemed to have been initiated by Indemnitee where Indemnitee
seeks to enforce Indemnitee’s rights under this Agreement.


 


2.        Indemnification.


 


(a)          In
General. In connection with any Proceeding, the Company shall indemnify, and advance Expenses to, Indemnitee as provided in
this Agreement to the fullest extent permitted by applicable law, as such may be amended from time to time.


 


(b)          Proceedings
Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided
in this Section 2(b) if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be made, a
party to or is otherwise involved in any Proceeding, other than a Proceeding by or in the right of the Company. Pursuant to this
Section 2(b), Indemnitee shall be indemnified against all Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by Indemnitee, or on Indemnitee’s behalf, in connection with such Proceeding or any claim,
issue or matter therein, if Indemnitee acted in Good Faith.


 


(c)          Proceedings
by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section
2(c) if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be made, a party to or is otherwise
involved in any Proceeding brought by or in the right of the Company. Pursuant to this Section 2(c), Indemnitee shall be
indemnified against all Expenses and amounts paid in settlement, actually and reasonably incurred by Indemnitee, or on Indemnitee’s
behalf, in connection with such Proceeding if Indemnitee acted in Good Faith. Notwithstanding the foregoing, no such indemnification
shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be
liable to the Company or if applicable law prohibits such indemnification; provided, however, that, if applicable law so
permits, indemnification may nevertheless be made by the Company in such event if and only to the extent that the Court which is
considering the matter shall determine.


 




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(d)          Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise,
in any Proceeding, Indemnitee shall be indemnified to the maximum extent permitted by law, as such may be amended from time to
time, against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.
If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but
less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee to the maximum extent permitted
by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section 2(d) and without
limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be
deemed to be a successful result as to such claim, issue or matter.


 


(e)          Indemnification
for Expenses in Enforcing Rights.    To the fullest extent allowable under applicable law, the Company
shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section
5, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee
for (a) indemnification, contribution or reimbursement or advance payment of Expenses by the Company under any provision of this
Agreement, or under any other agreement or provision of the Certificate of Incorporation now or hereafter in effect relating to
a Proceeding, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the
Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification or insurance recovery,
as the case may be. Indemnitee shall be required to reimburse the Company in the event that a final judicial determination is
made that such action brought by Indemnitee was frivolous or not made in good faith.         


 


3.          Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee with respect to any Proceeding, or any claim, issue, or matter in a Proceeding, and the Company is jointly liable with
Indemnitee for such Proceeding, claim, issue, or matter, the Company, in lieu of indemnifying Indemnitee, shall contribute to the
amount incurred by Indemnitee (whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement
and for reasonably incurred Expenses in connection with such claim), in such proportion as is deemed fair and reasonable in light
of the circumstances. The following factors shall be considered when determining the amount of such contribution: (i) the relative
benefits received by the Company and Indemnitee as a result of the event(s) or transaction(s) giving cause to such Proceeding,
claim, issue or matter, and (ii) the relative fault of the Company (and its other directors, officers, employees and agents) and
Indemnitee in connection with such event(s) or transaction(s).


 


4.          Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of Indemnitee’s Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to
which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee
or on Indemnitee’s behalf in connection therewith.


 




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5.          Advancement
of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all reasonable Expenses, which,
by reason of Indemnitee’s Corporate Status, were or are expected to be incurred by or on behalf of Indemnitee in connection
with any Proceeding, within thirty (30) days after the receipt by the Company of a statement or statements from Indemnitee requesting
such advance or advances, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably
evidence the Expenses incurred or are expected to be incurred by Indemnitee. The amount advanced shall not exceed the amount of
anticipated expenditures, and the advance shall be made not more than thirty (30) days before the anticipated expenditures are
expected to be incurred. Execution and delivery to the Company of this Agreement by Indemnitee constitutes an undertaking by the
Indemnitee to repay within thirty (30) days any amounts paid, advanced or reimbursed by the Company pursuant to this Section
5 in respect of Expenses relating to, arising out of or resulting from any Proceeding in respect of which (a) it shall be determined
pursuant to Section 6, following the final disposition of such Proceeding, that Indemnitee is not entitled to indemnification
hereunder or (b) the amount paid, advanced or reimbursed exceeds the amount substantiated pursuant to Section 6(a). No other
form of undertaking shall be required other than the execution of this Agreement. Any advances and undertakings to repay pursuant
to this Section 5 shall be unsecured and interest free. Advancement of Expenses pursuant to this Section 5 shall
not require approval of the Board or the stockholders of the Company, or of any other person or body. The Secretary of the Company
shall promptly advise the Board in writing of the request for advancement of Expenses, of the amount and other details of the advance
and of the written undertaking to make repayment pursuant to this Section 5.


 


6.          Procedures
and Presumptions for Determination of Entitlement to Indemnification and Defense of Claims.


 


(a)          Initial
Request. To obtain indemnification under this Agreement (other than advancement of Expenses pursuant to Section 5),
Indemnitee shall within a reasonable period of time submit to the Company a written request, including therein or therewith such
documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine the specific nature
of each expense and its relationship to the Company’s business activities, and whether and to what extent Indemnitee is entitled
to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the
Board in writing that Indemnitee has requested indemnification. Notwithstanding the foregoing, any failure of Indemnitee to provide
such a request to the Company, or to provide such a request in a timely fashion, shall not relieve the Company of any liability
that it may have to Indemnitee unless, and to the extent that, such failure actually and materially prejudices the interests of
the Company or such request is not made within a “reasonable period of time” within the meaning of Treas. Reg. 1.62-1(g).


 


(b)          Method
of Determination. A determination with respect to Indemnitee’s entitlement to indemnification shall be made in the specific
case as soon as practicable by one of the following four methods, which shall be at the election of the Board: (1) by a majority
vote of the Disinterested Directors, even though less than a quorum; (2) by a committee of Disinterested Directors designated by
a majority vote of the Disinterested Directors, even though less than a quorum; (3) if there are no Disinterested Directors or
if the Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered
to the Indemnitee; or (4) if so directed by the Board, by the stockholders of the Company; notwithstanding the foregoing, following
a Change in Control, a determination with respect to Indemnitee’s entitlement to indemnification shall be made by Independent
Counsel.


 




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(c)          Selection,
Payment, and Discharge of Independent Counsel. In the event the determination of entitlement to indemnification is to be made
by Independent Counsel pursuant to Section 6(b) of this Agreement, the Independent Counsel shall be selected, paid, and
discharged in the following manner:


 


(i) The Independent
Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising the Company of the identity
of the Independent Counsel so selected.


 


(ii) Following
the initial selection described in Section 6(c)(i), the Company may, within ten (10) days after such written notice of selection
has been given, deliver to Indemnitee a written objection to such selection; provided, however, that such objection may
be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel”
as defined in Section 1 of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection
is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court has determined that such objection is without merit.


 


(iii) Either
the Company or Indemnitee may petition a Court if the parties have been unable to agree on the selection of Independent Counsel
within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a)
of this Agreement. Such petition may request resolution of any objection made by the Company to Indemnitee’s selection of
Independent Counsel and/or seek the appointment as Independent Counsel of a person selected by the Court or by such other person
as the Court shall designate. A person so appointed shall act as Independent Counsel under Section 6(b) of this Agreement.


 


(iv) The
Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection
with acting pursuant to this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of
this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed.


 


(d)          Standard
of Proof. In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity
making such determination shall presume that Indemnitee has acted in Good Faith. The Company shall indemnify Indemnitee unless,
and only to the extent that, the Company shall prove by clear and convincing evidence to the person or persons or entity making
such determination that Indemnitee has not acted in Good Faith.


 


(e)          Reliance
as Safe Harbor; Actions of Others. For purposes of any determination of Good Faith, Indemnitee shall be deemed to have acted
in Good Faith if Indemnitee’s action is taken in reliance on the records or books of account of the Enterprise, including
financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties,
or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Enterprise. In
addition, the knowledge and/or actions, or failure to act, of any director, officer, employee, agent, trustee or fiduciary of the
Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.


 




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(f)          Cooperation.
Indemnitee shall cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement
to indemnification under this Agreement, including providing to such person, persons or entity upon reasonable advance request
any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available
to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements)
incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies
and agrees to hold Indemnitee harmless therefrom.


 


(g)          Successful
on the Merits. The Company acknowledges that a settlement or other disposition short of final judgment may be successful if
it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding
to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without
limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be
presumed that Indemnitee has been successful on the merits or otherwise in such action, suit or proceeding. Anyone seeking to overcome
this presumption shall have the burden of proof by clear and convincing evidence.


 


(h)          Effect
of Other Proceeding. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement
or conviction, or upon a plea of guilty or of nolo contendere or its equivalent, shall not (except as otherwise expressly provided
in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in Good Faith.


 


(i)          Defense
of Claim. With respect to any Proceeding to which Indemnitee shall have requested indemnification in accordance with this Section
6:


 


(i)  The Company
shall be entitled to participate in the defense at its own expense.


 


(ii)
Except as otherwise provided below, the Company jointly with any other indemnifying party shall be entitled to assume the
defense with counsel reasonably satisfactory to Indemnitee (“Outside Counsel”). After assumption by the
Company of the defense of a suit, the Company shall not be liable to Indemnitee under this Section for any legal or other
expenses subsequently incurred by Indemnitee in connection with the defense of the Proceeding other than reasonable costs of
investigation or as otherwise provided below. Indemnitee shall have the right to employ Indemnitee’s own counsel in
such Proceeding but the fees and expenses of such counsel incurred after assumption by the Company of the defense shall be at
the expense of Indemnitee, unless (i) the employment of counsel by Indemnitee has been authorized in writing by the Company,
(ii) Indemnitee shall have concluded reasonably that there may be a conflict of interest between the Company and Indemnitee
in the conduct of the defense of such action and such conclusion has been confirmed in writing by Independent Counsel, or
(iii) the Company shall not in fact have employed Outside Counsel to assume the defense of such Proceeding. The Company shall
not be entitled to assume the defense of Indemnitee in any Proceeding brought by or in the right of the Company or as to
which Indemnitee shall have made the conclusion provided for in (ii) above and such conclusion shall have been so confirmed
by the Company’s Outside Counsel.


 




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(iii) Notwithstanding
any provision of this Section to the contrary, the Company shall not be liable to indemnify Indemnitee under this Section for any
amounts paid in settlement of any Proceeding or claim effected without the Company’s written consent, which shall not unreasonably
be withheld or delayed. The Company shall not settle any Proceeding or claim in any manner which would impose any penalty or limitation
on, or disqualification of, Indemnitee for any purpose or would materially harm the reputation of Indemnitee without Indemnitee’s
written consent. Neither the Company nor Indemnitee will unreasonably withhold their consent to any proposed settlement.


 


(j)    Payment.
If it is determined that Indemnitee is entitled to indemnification under this Agreement, payment to Indemnitee shall be made within
ten (10) days after such determination.


 


7.          Non-Exclusivity;
Survival of Rights; Insurance; Subrogation.


 


(a)          Non-Exclusivity.
The rights of indemnification, contribution and to receive advancement of Expenses as provided by this Agreement shall not be deemed
exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation,
the Amended and Restated By-Laws of the Company (“By-Laws”), any agreement, a vote of stockholders, a resolution
of directors, or otherwise. No amendment, alteration, or repeal of this Agreement or any provision hereof shall be effective as
to Indemnitee with respect to any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such
amendment, alteration or repeal. To the extent that a change in the DGCL, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Certificate of Incorporation, the By-Laws and this Agreement, it is
the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change
and Indemnitee shall be deemed to have such greater right hereunder. No right or remedy herein conferred is intended to be exclusive
of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy
given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.


 




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(b)          Insurance.
The Company may maintain an insurance policy or policies against liability arising out of this Agreement or otherwise. To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or
agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise that such person serves at the request of the Company, the Company shall obtain coverage for Indemnitee under such policy
or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee,
agent or fiduciary under such policy or policies. To the extent the Company maintains an insurance policy or policies and obtains
coverage for Indemnitee in accordance with the immediately preceding sentence, in the event of a Change in Control, the Company
shall make reasonable efforts to ensure that the entity surviving such Change in Control (the “Surviving Entity”)
maintains such coverage for a period of six (6) years after such Change in Control. If, at the time of the receipt of a notice
of a claim pursuant to the terms hereof, the Company or Surviving Entity has directors' and officers' liability insurance in effect,
the Company or Surviving Entity shall give prompt notice of the commencement of such proceeding to the insurers in accordance with
the procedures set forth in the respective policies. The Company or Surviving Entity shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies.


 


(c)          Subrogation.
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.


 


(d)          No
Duplicate Payment. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable
hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract,
agreement or otherwise. The Company's obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving
at the request of the Company as a director, officer, employee, agent, trustee or fiduciary of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received
as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise. If the Indemnitee receives such an amount after payment by the Company to the Indemnitee, then the Indemnitee
shall return such amount to the Company within thirty (30) days.


 


8.          Exception
to Right of Indemnification. Notwithstanding any other provision in this Agreement, the Company shall not be obligated under
this Agreement to make any indemnity in connection with any claim made against Indemnitee:


 


(a)          for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision, provided, that the intent
of the parties is that the Company shall be the indemnitor of first resort of Indemnitee with respect to matters for which indemnification,
contribution and advancement or reimbursement of Expenses is provided under this Agreement and that the Company will be obligated
to make all payments due to or for the benefit of Indemnitee under this Agreement without regard to any rights that Indemnitee
may have against a third party; or


 


(b)          for
an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within
the meaning of Section 16(b) of the Exchange Act, or similar provisions of state statutory law or common law.


 




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9.          Term
of Agreement. This Agreement shall continue until and terminate upon the later of: (i) ten (10) years after the date that Indemnitee
shall have ceased to serve as a director, officer, employee, agent, trustee or fiduciary of the Company or of any other Enterprise;
or (ii) the final termination of all pending Proceedings in respect of which Indemnitee is granted rights of indemnification or
advancement of expenses hereunder; or (iii) the expiration of the statute of limitations with respect to any cause of action that
arose or is alleged to have arisen during Indemnitee’s service as a director, officer, employee, agent, trustee or fiduciary
of the Company or of any other Enterprise and that could be asserted in a Proceeding in respect of which Indemnitee is entitled
to be indemnified hereunder.


 


10.         Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto
and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to
all or substantially all of the business or assets of the Company), assigns, spouses, heirs, executors, administrators and personal
and legal representatives.


 


11.         Enforcement.


 


(a)          The
Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby
in order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is
relying upon this Agreement in serving as an officer or director of the Company.


 


(b)          This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter
hereof.


 


(c)          The
Company shall not seek from a court, or agree to, a "bar order" which would have the effect of prohibiting or limiting
Indemnitee's rights to receive advancement of expenses under this Agreement.


 


12.         Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.
Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to
the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law, such provision
shall be deemed modified, consistent with the intent manifested by such provision, to the extent necessary to resolve such conflict.


 


13.         Modification
and Waiver. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.


 




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14.         Notice
By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any
summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may
be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation
which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay actually
and materially prejudices the Company.


 


15.         Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed to have been
duly given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if
sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with
a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications
shall be sent:


 


(a)          To
Indemnitee at the address set forth below Indemnitee signature hereto.


 


(b)          To
the Company at:


 


SeaChange International,
Inc.


50 Nagog Park


Acton, MA 01720

Attention: Chief Financial Officer


 


With a copy to:


< --- >


 


or to such other address
as may be furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.


 


16.         Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two
or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.


 


17.         Headings.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction thereof.


 


18.         Governing
Law. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance
with, the laws of the State of Delaware, without regard to its conflict of laws rules.


 




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19.         Section
409A Compliance. This Agreement is intended to comply with the provisions of Section 409A of the Internal Revenue Code of 1986,
as amended, and it shall be interpreted for that purpose. No reimbursement shall be made after the last day of the Indemnitee’s
taxable year following the taxable year in which the expense was incurred.


 


SIGNATURE PAGE TO
FOLLOW


 




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IN WITNESS WHEREOF, the
parties hereto have executed this Indemnification Agreement on and as of the day and year first above written.


 


	 	SEACHANGE INTERNATIONAL, INC. 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	INDEMNITEE
	 	 
	 	 
	 	 
	 	Name:	 
	 	 	 
	 	Address:	 
	 	 
	 	 
	 	 


 




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