EXHIBIT 10.10



 Exhibit 10.10 
 FORM OF INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement
(“Agreement”) is made and entered into as of this             day of             , 2011, by and among by and
among Nexeo Solutions Holdings, LLC, and Nexeo Solutions, LLC, all Delaware limited liability companies (the “Indemnitors” and each an “Indemnitor”) and
            (the “Indemnitee”). 
 WHEREAS, in
light of the litigation costs and risks to directors, officers, managers and/or members of boards of managers resulting from their service to companies, and the desire of the Indemnitors to attract and retain qualified individuals to serve as
directors, managers and/or members of boards of managers, it is reasonable, prudent and necessary for the Indemnitors to indemnify and advance expenses on behalf of their directors, officers, managers and members of the boards of managers so that
they will serve or continue to serve one or more of the Nexeo Companies free from undue concern regarding such risks; 

WHEREAS, one or more of the Indemnitors have requested that Indemnitee serve or continue to serve as a director, officer, manager or
member of the board of managers of one or more of the Nexeo Companies and may have requested or may in the future request that Indemnitee serve as a director, officer, manager or member of the board of managers of another entity or in another
capacity; 
 WHEREAS, Indemnitee is willing to serve as a director, officer, manager or member of the board of managers of one
or more of the Nexeo Companies on the condition that Indemnitee be jointly and severally indemnified by the Indemnitors as provided for herein; and 
 WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided by the Member Indemnitors (as hereinafter defined) (or their affiliates other than the
Indemnitors), which Indemnitee, the Indemnitors and the Member Indemnitors (or their affiliates) intend to be secondary to the primary obligation of the Indemnitors to indemnify Indemnitee as provided herein, with the Indemnitors’
acknowledgement of and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve as a director, officer, manager or member of the managers of any of the Nexeo Companies. 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Indemnitors and Indemnitee do hereby covenant
and agree as follows: 
  

	1.	Services by Indemnitee. Indemnitee agrees to serve as a director, officer, manager or member of the board of managers of one or more of the Indemnitors.
Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation under any other agreement or any obligation imposed by operation of law). 


 

	2.	 Indemnification—General. On the terms and subject to the conditions of this Agreement, the Indemnitors shall indemnify Indemnitee with
respect to, and hold Indemnitee harmless from and against, all losses, liabilities, judgments, fines, penalties, costs, Expenses (as hereinafter defined) and other amounts that Indemnitee reasonably incurs











	 	
and that result from, arise in connection with or are by reason of Indemnitee’s Management Status (as hereinafter defined) and shall advance Expenses to Indemnitee, as provided herein. The
obligation of the Indemnitors under this Agreement shall, subject to the other terms and conditions of this Agreement, (a) be joint and several obligations of each Indemnitor; (b) continue after such time as Indemnitee ceases to serve as a
director, officer, manager or member of the board of managers of any of the Nexeo Companies or in any other Management Status; (c) include, without limitation, claims for monetary damages against Indemnitee in respect of any actual or alleged
liability or other loss of Indemnitee; and (d) be fully primary relative to any obligation of any Member Indemnitor to advance Expenses or indemnify Indemnitee. 


 

	3.	Proceedings Other Than Proceedings by or in the Right of the Company. If in connection with or by reason of Indemnitee’s Management Status Indemnitee was,
is, or is threatened to be made, a party to or a participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of any Nexeo Company to procure a judgment in its favor, the Indemnitors shall jointly and severally
indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in
connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding or any claim, issue or matter therein, if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Nexeo Company/ies at which Indemnitee served in a Management Status and, with respect to any criminal Proceeding,
had no reasonable cause to believe Indemnitee’s conduct was unlawful. 

  

	4.	Proceedings by or in the Right of the Indemnitors. If by reason of Indemnitee’s Management Status Indemnitee was, is, or is threatened to be made, a party
to or a participant in any Proceeding by or in the right of any Nexeo Company to procure a judgment in its favor, the Indemnitors shall jointly and severally indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all
Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Nexeo
Company/ies at which Indemnitee served in a Management Status; provided, however, that indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have
been adjudged by a court of competent jurisdiction to be liable to any of the Indemnitors only if (and only to the extent that) the Court of Chancery of the State of Delaware or other court in which such Proceeding shall have been brought or is
pending (the “Trial Court”) shall determine that despite such adjudication of liability and in light of all circumstances such indemnification may be made. 


  
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	5.	Mandatory Indemnification in Case of Successful Defense. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of
Indemnitee’s Management Status, a party to (or a participant in) and is successful, on the merits or otherwise, in defense of any Proceeding (including, without limitation, any Proceeding brought by or in the right of any Nexeo Company), the
Indemnitors shall jointly and severally indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. If Indemnitee is not
wholly successful in defense of 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 Indemnitors shall jointly and severally indemnify Indemnitee against
all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with each successfully resolved claim, issue or matter. For purposes of this Section 5 and without limitation, the termination of any claim, issue or
matter in such a Proceeding by dismissal, with or without prejudice, on substantive or procedural grounds, shall be deemed to be a successful result as to such claim, issue or matter. 


 

	6.	Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement or otherwise to indemnification by the Indemnitors for some or a portion
of the Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and
amounts paid in settlement) incurred by Indemnitee or on behalf of Indemnitee in connection with a Proceeding or any claim, issue or matter therein, in whole or in part, the Indemnitors shall jointly and severally indemnify Indemnitee subject to the
other terms and conditions of this Agreement. 

  

	7.	Indemnification for Additional Expenses Incurred to Secure Recovery or as Witness. 


 

	 	(a)	The Indemnitors shall jointly and severally indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all Expenses and, if requested
by Indemnitee, shall advance on an as-incurred basis (as provided in Section 8 of this Agreement) such Expenses to Indemnitee, which are reasonably incurred by Indemnitee in connection with any action or proceeding or part thereof
brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Indemnitors under this Agreement, any operating agreement, limited liability company agreement or bylaws of any of the Nexeo Companies or any other agreement or
organizational document of any of the Nexeo Companies as now or hereafter in effect; or (ii) recovery under any director and officer liability, or any other management or professional liability insurance policies maintained by any of the Nexeo
Companies. 

  

	 	(b)	To the extent that Indemnitee is, by reason of Indemnitee’s Management Status, a witness (or is forced or asked to respond to discovery requests) in any Proceeding
to which Indemnitee is not a party, the Indemnitors shall jointly and severally indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, and the Indemnitors shall advance on an as-incurred basis (as provided in
Section 8 of this Agreement), all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. 


  
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	8.	Advancement of Expenses. The Indemnitors shall, to the fullest extent permitted by law, advance on a current and as-incurred basis all Expenses incurred by
Indemnitee in connection with any Proceeding in any way connected with, resulting from or relating to Indemnitee’s Management Status. Such Expenses shall be paid in advance of the final disposition of such Proceeding, without regard to whether
Indemnitee will ultimately be entitled to be indemnified for such Expenses and without regard to whether an Adverse Determination has been or may be made, except as contemplated by the last sentence of Section 9(f) of this Agreement.
Upon submission of a request for advancement of Expenses pursuant to Section 9(c) of this Agreement, Indemnitee shall be entitled to advancement of Expenses as provided in this Section 8, and such advancement of Expenses
shall continue until such time (if any) as there is a final non-appealable judicial determination that Indemnitee is not entitled to indemnification. Indemnitee shall repay such amounts advanced if and to the extent that it shall ultimately be
determined in a decision by a court of competent jurisdiction from which no appeal can be taken that Indemnitee is not entitled to be indemnified by the Indemnitors for such Expenses. Such repayment obligation shall be unsecured and shall not bear
interest. The Indemnitors shall not impose on Indemnitee additional conditions to advancement or require from Indemnitee additional undertakings regarding repayment. 


 

	9.	Indemnification Procedures. 

  

	 	(a)	Notice of Proceeding. Indemnitee agrees to notify the Indemnitors promptly upon being served with any summons, citation, subpoena, complaint, indictment,
information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses hereunder. Any failure by Indemnitee to notify any Indemnitor will relieve the Indemnitors of their advancement or
indemnification obligations under this Agreement only to the extent the Indemnitors can establish that such omission to notify resulted in actual prejudice to them, and the omission to notify such Indemnitor will, in any event, not relieve any
Indemnitor from any liability which it may have to indemnify Indemnitee otherwise than under this Agreement. If, at the time of receipt of any such notice, the Indemnitors have director and officer liability insurance, or other management or
professional liability insurance, policies in effect, the Indemnitors shall promptly notify the relevant insurers in accordance with the procedures and requirements of such policies. The Indemnitors shall thereafter keep such director and officer,
or other management or professional liability, insurers informed of the status of the Proceeding or other claim, as appropriate to secure coverage of Indemnitee for such claim. 


 

	 	(b)	 Defense; Settlement. Indemnitee shall have the sole right and obligation to control the defense or conduct of any claim or Proceeding with
respect to Indemnitee. The Indemnitors shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee or which could have
been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on Indemnitee unless such settlement solely 



  
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involves the payment of money or performance of any obligation by persons other than Indemnitee and includes an unconditional release of Indemnitee from all liability on any matters that are the
subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters. The Indemnitors shall not be obligated to indemnify Indemnitee against amounts paid in settlement of a Proceeding against
Indemnitee if such settlement is effected by Indemnitee without the Indemnitors’ prior written consent, which consent shall not be unreasonably withheld. 


 

	 	(c)	Request for Advancement; Request for Indemnification. 

  

	 	(i)	To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the Indemnitors a written request therefor, together with such invoices or other
supporting information as may be reasonably requested by the Indemnitors and reasonably available to Indemnitee, and, only to the extent required by applicable law which cannot be waived, an unsecured written undertaking to repay amounts advanced.
The Indemnitors shall make advance payment of Expenses to Indemnitee no later than twenty (20) days after receipt of the written request for advancement (and each subsequent request for advancement) by Indemnitee. 


 

	 	(ii)	To obtain indemnification under this Agreement, at any time after submission of a request for advancement pursuant to Section 9(c)(i) of this Agreement,
Indemnitee may submit a written request for indemnification hereunder. The time at which Indemnitee submits a written request for indemnification shall be determined by the Indemnitee in the Indemnitee’s sole discretion. Once Indemnitee submits
such a written request for indemnification (and only at such time that Indemnitee submits such a written request for indemnification), a Determination shall thereafter be made, as provided in and only to the extent required by
Section 9(d) of this Agreement. In no event shall a Determination be made, or required to be made, as a condition to or otherwise in connection with any advancement of Expenses pursuant to Section 8 and
Section 9(c)(i) of this Agreement. 

  

	 	(d)	 Determination. The Indemnitors agree that Indemnitee shall be indemnified under this Agreement and that no Determination shall be required in
connection with such indemnification unless specifically required by applicable law which cannot be waived. In no event shall a Determination be required in connection with indemnification for Expenses incurred as a witness pursuant to
Section 7 of this Agreement or incurred in connection with any Proceeding or portion thereof with respect to which Indemnitee has been successful on the merits or otherwise. Any decision that a Determination is required by law in
connection with any other indemnification of Indemnitee, and any such Determination, shall be made within thirty (30) days after receipt of Indemnitee’s written request for indemnification




  
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pursuant to Section 9(d)(ii) and such Determination shall be made either (i) by the Disinterested Managers, even though less than a quorum, so long as Indemnitee does not request that
such Determination be made by Independent Counsel, or (ii) if so requested by Indemnitee, in Indemnitee’s sole discretion, by Independent Counsel in a written opinion to the Indemnitors and Indemnitee. If a Determination is made that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within twenty (20) days after such Determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to
Indemnitee’s entitlement to indemnification, 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 Expenses incurred by Indemnitee in so cooperating with the Disinterested Managers or Independent Counsel, as the case may be, making such determination shall be
advanced and indemnified by the Indemnitors (irrespective of the Determination as to Indemnitee’s entitlement to indemnification) and each Indemnitor is liable to indemnify and hold Indemnitee harmless therefrom. 


 

	 	(e)	 Independent Counsel. In the event Indemnitee requests that the Determination be made by Independent Counsel pursuant to Section 9(d)
of this Agreement, the Independent Counsel shall be selected as provided in this Section 9(e). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection by made by the Board of
Directors, in which event the Board of Directors shall make such selection on behalf of the Indemnitors, subject to the remaining provisions of this Section 9(e)), and Indemnitee or the Indemnitors, as the case may be, shall give written
notice to the other, advising the Indemnitors or Indemnitee of the identity of the Independent Counsel so selected. The Indemnitors or Indemnitee, as the case may be, may, within ten (10) days after such written notice of selection shall have
been received, deliver to Indemnitee or the Indemnitors, as the case may be, 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 14 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 so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent
jurisdiction has determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 9(c)(ii) of this Agreement, no Independent
Counsel shall have been selected and not objected to, either the Indemnitors or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Indemnitors or Indemnitee to the other’s
selection of Independent Counsel and/or for the appointment as Independent Counsel of a 



  
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person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as
Independent Counsel under Section 9(d) of this Agreement. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 9(f) of this Agreement, Independent Counsel shall be discharged and relieved of
any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). Any expenses incurred by Independent Counsel shall be borne by the Indemnitors (irrespective of the Determination of
Indemnitee’s entitlement to indemnification) and not by Indemnitee. 

  

	 	(f)	Consequences of Determination; Remedies of Indemnitee. The Indemnitors shall be bound by and shall have no right to challenge a Favorable Determination. If an
Adverse Determination is made, or if for any other reason the Indemnitors do not make timely indemnification payments or advances of Expenses, Indemnitee shall have the right to commence a Proceeding before a court of competent jurisdiction to
challenge such Adverse Determination and/or to require the Indemnitors to make such payments or advances (and the Indemnitors shall have the right to defend their position in such Proceeding and to appeal any adverse judgment in such Proceeding).
Indemnitee shall be entitled to be indemnified for all Expenses incurred in connection with such a Proceeding and to have such Expenses advanced by the Indemnitors in accordance with Section 8 of this Agreement. If Indemnitee fails to
challenge an Adverse Determination, or if Indemnitee challenges an Adverse Determination and such Adverse Determination has been upheld by a final judgment of a court of competent jurisdiction from which no appeal can be taken, then, to the extent
and only to the extent required by such Adverse Determination or final judgment, the Indemnitors shall not be obligated to indemnify or advance Expenses to Indemnitee under this Agreement. 


 

	 	(g)	Presumptions; Burden and Standard of Proof. The parties intend and agree that in connection with any Determination with respect to Indemnitee’s entitlement
to indemnification hereunder by any person, including a court: 

  

	 	(i)	It will be presumed that Indemnitee is entitled to indemnification under this Agreement, and the Indemnitors, or any other person or entity challenging such right, will
have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption; 


 

	 	(ii)	The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Nexeo Companies, and, with respect to any criminal action or proceeding,
had reasonable cause to believe that Indemnitee’s conduct was unlawful; 


  
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	 	(iii)	Indemnitee will be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Nexeo Companies, including
financial statements, or on information supplied to Indemnitee by the Board of Directors, or any committee of the Board of Directors or any officers or employees of the Nexeo Companies, or on the advice of legal counsel for the Nexeo Companies or on
information or records given in reports made to the Nexeo Companies by an independent certified public accountant or by an appraiser or other expert or advisor selected by the Nexeo Companies; and 


 

	 	(iv)	The knowledge and/or actions, or failure to act, of any director, officer, manager, member of the board of managers, agent or employee of any of the Nexeo Companies
will not be imputed to Indemnitee in a manner that limits or otherwise adversely affects Indemnitee’s rights hereunder. 

 The provisions of this Section 9(g) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of
conduct set forth in this Agreement. 
  

	10.	Insurance; Subrogation; Other Rights of Recovery, etc. 

  

	 	(a)	Each Indemnitor shall use its reasonable best efforts to purchase and maintain a policy or policies of insurance with reputable insurance companies with A.M. Best
ratings of “A” or better, providing Indemnitee with coverage for any liability asserted against, and incurred by, Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s Management Status, or arising out of
Indemnitee’s status as such, whether or not any such Indemnitor would have the power to indemnify Indemnitee against such liability. Such insurance policies shall have coverage terms and policy limits at least as favorable to Indemnitee as the
insurance coverage provided to any other director, officer, manager or member of the board of managers of the Indemnitors. The Indemnitor shall continue to provide such insurance coverage to Indemnitee for a period of at least six (6) years
after Indemnitee ceases to serve as a director, officer, manager or member of the board of managers of any of the Nexeo Companies. 

  

	 	(b)	In the event of any payment by any Indemnitor under this Agreement, such Indemnitor shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee against any other party, and Indemnitee hereby agrees, as a condition to obtaining any advancement or indemnification from the Indemnitors, to assign to such Indemnitor all of Indemnitee’s rights to obtain from such other party
such amounts to the extent that they have been paid by such Indemnitor to or for the benefit of Indemnitee as advancement or indemnification under this Agreement and are adequate to indemnify Indemnitee with respect to the costs, Expenses or other
items to the full extent that Indemnitee is entitled to indemnification or other payment hereunder; and Indemnitee will (upon request by the Indemnitors) execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable such Indemnitor to bring suit or enforce such rights. 


  
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	 	(c)	Each of the Indemnitors hereby unconditionally and irrevocably waives, relinquishes and releases, and covenants and agrees not to exercise, any rights (including any
rights under Section 9(b) of this Agreement) that such Indemnitor may now have or hereafter acquire against any Member Indemnitor (or former Member Indemnitor) or Indemnitee that arise from or relate to the existence, payment, performance or
enforcement of the Indemnitors’ obligations under this Agreement or under any other indemnification agreement (whether pursuant to by-laws, charter, operating agreement, limited liability company agreement or other contract or agreement) with
any person or entity, including, without limitation, any right of subrogation (whether pursuant to contract or common law), reimbursement, exoneration, contribution or indemnification, or to be held harmless, and any right to participate in any
claim or remedy of Indemnitee against any Member Indemnitor (or former Member Indemnitor) or Indemnitee, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right
to take or receive from any Member Indemnitor (or former Member Indemnitor) or Indemnitee, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right.


  

	 	(d)	The Indemnitors shall not be liable to pay or advance to Indemnitee any amounts otherwise indemnifiable under this Agreement or under any other indemnification
agreement if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise; provided, however, that (i) the Indemnitors hereby agree that they are the indemnitor of
first resort under this Agreement and under any other indemnification agreement or undertaking (i.e., their obligation to Indemnitee under this Agreement or any other agreement or undertaking to provide advancement and/or indemnification to
Indemnitee) are primary and any obligation of any Member Indemnitor (or any affiliate thereof, other than a Nexeo Company), and any obligation of any insurer providing insurance coverage under any policy purchased or maintained by any Member
Indemnitor (or by any affiliate thereof, other than a Nexeo Company) or under any personal umbrella liability insurance policy, to provide advancement, indemnification, or insurance coverage for the same Expenses, liabilities, judgments, penalties,
fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by
Indemnitee are secondary), and (ii) if any Member Indemnitor (or any affiliate thereof, other than the Nexeo Companies) pays or causes to be paid, for any reason, any amounts otherwise indemnifiable hereunder or under any other indemnification
agreement (whether pursuant to contract, by-laws or charter) with Indemnitee, then (x) such Member Indemnitor (or such affiliate, as the case may be) shall be fully subrogated to all rights of Indemnitee with respect to such payment and
(y) the Indemnitors shall fully indemnify, reimburse and hold harmless such Member Indemnitor (or such other affiliate) for all such payments actually made by such Member Indemnitor (or such other affiliate). 


  
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	 	(e)	Except for the rights set forth in Sections 10(c) and 10(d) of this Agreement, the rights to indemnification and advancement of Expenses as provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at any time, whenever conferred or arising, be entitled under applicable law, under the operating agreement or limited liability company agreement, bylaws or under any other
organizational document, agreement, vote of members or resolution of directors or board of managers of any Nexeo Company, or otherwise. Indemnitee’s rights under this Agreement are present contractual rights that fully vest upon
Indemnitee’s first service as a director, officer, manager or member of the board of managers of any of the Nexeo Companies. The Parties hereby agree that Sections 10(c) and 10(d) of this Agreement shall be deemed exclusive and shall be deemed
to modify, amend and clarify any other inconsistent right to indemnification or advancement provided to Indemnitee under any other contract, agreement or other document with any Nexeo Company. 


 

	 	(f)	No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any
action taken or omitted by such Indemnitee in Indemnitee’s Management Status prior to such amendment, alteration or repeal. 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. 

  

	11.	Employment Rights; Successors; Third Party Beneficiaries. 

  

	 	(a)	This Agreement shall not be deemed an employment contract between any Nexeo Company and Indemnitee. This Agreement shall continue in force as provided above after
Indemnitee has ceased to serve as a director, officer, manager or member of the board of managers of any of the Nexeo Companies or in any other Management Status. 


 

	 	(b)	This Agreement shall be binding upon each of the Indemnitors and their successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs,
executors and administrators. 

  

	 	(c)	Each Member Indemnitor is an express third party beneficiary of this Agreement, is entitled to rely upon this Agreement, and may specifically enforce the
Indemnitors’ obligations hereunder (including but not limited to the obligations specified in Section 10 of this Agreement) as though a party hereunder. 


 

	12.	 Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without 



  
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limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to
the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

  

	13.	 Exception to Right of Indemnification or Advancement of Expenses. Notwithstanding any other provision of this Agreement and except as provided
in Section 7(a) of this Agreement or as may otherwise be agreed by any Indemnitor, Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee
(other than a Proceeding by Indemnitee (i) by way of defense or counterclaim, (ii) to enforce Indemnitee’s rights under this Agreement or (iii) to enforce any other rights of Indemnitee to indemnification, advancement or
contribution from the Nexeo Companies under any other contract, operating agreement, limited liability company agreement, bylaws or under statute or other law, including any rights under the Delaware Limited Liability Company Act) unless the
bringing of such Proceeding or making of such claim shall have been approved by the Board of Directors. 


  

	14.	Definitions. For purposes of this Agreement: 

  

	 	(a)	“Board of Directors” means the board of directors or board of managers of the applicable Nexeo Company. 


 

	 	(b)	“Determination” means a determination that either (x) there is a reasonable basis for the conclusion that indemnification of Indemnitee is proper
in the circumstances because Indemnitee met a particular standard of conduct (a “Favorable Determination”) or (y) there is no reasonable basis for the conclusion that indemnification of Indemnitee is proper in the circumstances
because Indemnitee met a particular standard of conduct (an “Adverse Determination”). An Adverse Determination shall include the decision that a Determination was required in connection with indemnification and the decision as to
the applicable standard of conduct. 

  

	 	(c)	“Disinterested Manager” means any director or member of the board of managers (or equivalent position) of the applicable Nexeo Company who is not and
was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 


  
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	 	(d)	“Expenses” shall mean all reasonable direct and indirect costs, fees and expenses of any type or nature whatsoever and shall specifically include,
without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees and costs of experts, witness fees, travel expenses, duplicating 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, being or preparing to be a witness, in, or otherwise participating in, a
Proceeding, including, but not limited to, the premium for appeal bonds, attachment bonds or similar bonds and all interest, assessments and other charges paid or payable in connection with or in respect of any such Expenses, and shall also
specifically include, without limitation, all reasonable attorneys’ fees and all other expenses incurred by or on behalf of Indemnitee in connection with preparing and submitting any requests or statements for indemnification, advancement,
contribution or any other right provided by this Agreement. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amounts of judgments or fines against Indemnitee. 


 

	 	(e)	“Independent Counsel” means, at any time, any law firm, or a member of a law firm, that (a) is experienced in matters of corporation and
alternative entity law and (b) is not, at such time, or has not been in the five years prior to such time, retained to represent: (i) any Nexeo 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 indemnities 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 applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Indemnitors or Indemnitee in
an action to determine Indemnitee’s rights under this Agreement. The Indemnitors agree to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses,
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto and to be jointly and severally liable therefor. 


 

	 	(f)	“Management Status” means the status of a person by reason of such person’s past, present or future service as a director, officer, manager or
member of the board of managers of any Nexeo Company (including, without limitation, one who serves at the specific request of any of the Nexeo Companies as a director, officer, manager, member of the board of managers, employee, fiduciary or agent
of another entity). 

  

	 	(g)	“Member Indemnitors” means TPG Capital, L.P., each of its direct and indirect subsidiaries, together with all applicable TPG AIVs, funds, GPs, etc.,
and any other investment fund or related management company or general partner that is an affiliate of any of the foregoing entities (other than the Nexeo Companies) or that is advised by the same investment adviser as any of the foregoing entities
or by an affiliate of such investment adviser. 


  
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	 	(h)	“Nexeo Company” and “Nexeo Companies” means one or more of the Indemnitors, and any of their respective past, present, or future
direct or indirect subsidiaries or controlled affiliates. 

  

	 	(i)	“Proceeding” means any actual, threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation,
inquiry, administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of any Nexeo Company or otherwise and whether civil, criminal, administrative or investigative in nature, in which
Indemnitee was, is, may be or will be involved as a party, witness or otherwise, by reason of Indemnitee’s Management Status or by reason of any action taken by Indemnitee or of any inaction on Indemnitee’s part while acting as director,
officer, manager or member of the board of managers of any Nexeo Company (in each case whether or not he is acting or serving in any such capacity or has such status at the time any liability or expense is incurred for which indemnification or
advancement of Expenses can be provided under this Agreement). 

  

	15.	Construction. Whenever required by the context, as used in this Agreement the singular number shall include the plural, the plural shall include the singular,
and all words herein in any gender shall be deemed to include (as appropriate) the masculine, feminine and neuter genders. 

  

	16.	Reliance; Integration. The Indemnitors expressly confirm and agree that they have entered into this Agreement and assumed the obligations imposed on them hereby
in order to induce Indemnitee to serve as a director, officer, manager or member of the board of managers of any of the Nexeo Companies, and the Indemnitors acknowledge that Indemnitee is relying upon this Agreement in serving as a director,
officer, manager or member of the board of managers of any of the Nexeo Companies. 

  

	17.	Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in a writing identified as such 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.


  

	18.	Notice Mechanics. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed to have been duly given if
(i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been direct, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which
it is so mailed: 


  
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	(a)	If to Indemnitee to 

  

									
		 	  
	 		 		 	
		 	  
	 		 		 	
		 	  
	 		 		 	
		 	  
	 		 		 	

 with a copy to: 
  

	(b)	If to any of the Indemnitors, to: 

  

									
		 	  
	 		 		 	
		 	  
	 		 		 	
		 	  
	 		 		 	
		 	  
	 		 		 	

 with a copy to: 
 or to such other address as may have been furnished (in the manner prescribed above) as follows: (a) in the case of a change in address for notices to Indemnitee, furnished by Indemnitee to the
Indemnitors and (b) in the case of a change in address for notices to any Indemnitor, furnished by the Indemnitors to Indemnitee. 
  

	19.	Contribution. If the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Indemnitors, 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/or for reasonably incurred Expenses, in connection with any claim
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Indemnitors and
Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Indemnitors (and their other directors, officers, employees and agents) and Indemnitee in connection with such
event(s) and/or transaction(s). 

  

	20.	 Governing Law; Submission to Jurisdiction; Appointment of Agent for Service of Process. 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. The Indemnitors and Indemnitee hereby irrevocably and unconditionally (i) agree that any
action or proceeding arising out of or in connection with this Agreement shall be brought only in the Trial Court, and not in any 



  
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other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Trial Court for purposes of any
action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Trial Court, and (iv) waive, and agree not to plead or to make, any claim
that any such action or proceeding brought in the Trial Court has been brought in an improper or otherwise inconvenient forum. 

  

	21.	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. 

  

	22.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. 

 [Remainder of Page Intentionally Blank] 


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

							
	Nexeo Solutions Holdings, LLC:	 		 	Nexeo Solutions Holdings, LLC
				
		 		 	By:	 	 
		 		 	Name:
		 		 	Title:

  

							
	Nexeo Solutions, LLC:	 		 	Nexeo Solutions, LLC
				
		 		 	By:	 	 
		 		 	Name:
		 		 	Title:

  

							
	Indemnitee:	 		 	
			
		 		 	  


 [Signature Page to Indemnification Agreement] 

  
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