Document:

Exhibit 10.4

 Exhibit 10.4 
 CULLMAN SAVINGS BANK 
 DIRECTOR SPLIT DOLLAR AGREEMENT 
 THIS DIRECTOR SPLIT DOLLAR AGREEMENT (this “Agreement”) is made as of this      day of
        , 2008 by and between Cullman Savings Bank, a federally chartered thrift, supervised by the Office of Thrift Supervision (the “Bank”), located in Cullman, Alabama, and
                    ] (the “Director”). 
 WHEREAS, to encourage the Director to remain a Director of the Bank, the Bank is willing to allocate a portion of the death proceeds of a life insurance policy on the Director’s life to the Director’s
beneficiary(ies) if the Director dies while actively serving as a member of the Board of Director’s of the Bank. The Bank will pay life insurance premiums from its general assets. 
 NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Bank and the Director hereby agree as follows. 
 ARTICLE 1 
 DEFINITIONS 
 Whenever used in this
Agreement, the following words and phrases shall have the meanings specified: 
 1.1 “Director’s Interest” means the
benefit set forth in Section 2 
 1.2 “Insured” means the Director. 
 1.3 “Insurer” means each life insurance carrier in which there is a Split Dollar Policy Endorsement attached to this Split Dollar
Agreement. 

 1.4 “Net Amount At Risk” as used in this agreement refers to the difference in the Death
Benefit payable by the insurance carrier and the Cash Value of the policy(ies) owned by the Bank on the Director’s life. 
 1.5
“Policy” means the specific life insurance policy or policies issued by the Insurer(s). 
 1.6 “Split Dollar Policy
Endorsement” means the form required by the Administrator or the Insurer to indicate the Director’s interest, if any, in a Policy on the Director’s life. 
 1.7 “Termination of Service” with the Bank means that the Director shall have ceased to be a member of the Board of Directors of the
Bank for any reason whatsoever, excepting a leave of absence approved by the Bank. For purposes of this Agreement, if there is a dispute over the status of the Director or the date of termination of the Director’s service, the Bank shall have
the sole and absolute right to decide the dispute. 
 ARTICLE 2 
 POLICY OWNERSHIP/INTERESTS 
 2.1 Bank Ownership. The Bank is the sole
owner of the Policy and shall have the right to exercise all incidents of ownership. The Bank shall be the beneficiary of any death proceeds remaining after the Director’s Interest has been paid under Section 2.2 of this Split Dollar
Agreement. 
 2.2 Director’s Interest. In the case of the Director’s death before Termination of Service, the Director shall
have the right to designate the beneficiary(ies) of death proceeds in the amount of the lesser of: 
 (a) one hundred percent
(100%) of the portion of the insurance proceeds on the life of the Director and designated as the NAR (detailed on Schedule A) by the insurance carrier or; 
 (b) the Participant’s benefit calculated under section 7.1 of the Cullman Savings Bank Directors’ Deferred Cash Compensation
Plan. This amount is detailed on Schedule A. 
 Subject to the terms of this Split Dollar Agreement, including but not limited to the
Bank’s right to terminate this Split Dollar Agreement under Section 8.8, the Bank hereby endorses the Director’s Interest to the Director and agrees to execute any other or further documents that may be required to effectuate this
Split Dollar Agreement. The Director shall have the right to elect and change settlement options specified in the Policy that may be permitted. However, the Director, the Director’s transferee, and the Director’s beneficiary(ies) or estate
shall have no rights or interests in the Policy for that portion of the death proceeds designated in this Section 2.2 if Termination of Service of the Director occurs before Director’s death. 
 2.3 Premium Payment. The Bank shall pay any premiums due on the Policy. It is anticipated that the Policy will be a single premium modified
endowment contract 
  

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 2.4 Imputed Income. The Bank shall impute income to the Director in an amount equal to
(a) the current term rate for the Director’s age, multiplied by (b) the net death benefit payable to the Director’s beneficiary(ies). The current term rate is the minimum amount required to be imputed under Revenue Rulings 64-328
and 66-110, or any subsequent applicable authority. 
 2.5 Internal Revenue Code Section 1035 Exchanges. The Director recognizes
and agrees that the Bank may after this Director Split Dollar Agreement is adopted wish to exchange the Policy of life insurance on the Director’s life for another contract of life insurance insuring the Director’s life. Provided that the
Policy is replaced (or intended to be replaced) with a comparable policy of life insurance, the Director agrees to provide medical information and cooperate with medical insurance-related testing required by a prospective insurer for implementing
the Policy or, if necessary, for modifying or updating to a comparable insurer. 
 ARTICLE 3 
 BENEFICIARIES 
 3.1 Beneficiary
Designations. The Director shall designate a beneficiary by filing a written designation with the Bank. The Director’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the
Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director’s estate. 
 ARTICLE 4 
 GENERAL LIMITATIONS 

 4.1 Termination of Service. Notwithstanding any provision of this Agreement to the contrary, the Director’s Interest in the
Policy shall terminate if the Director’s service as a member of the Board of Directors is terminated any reason by either party, including retirement, and the Bank’s obligations under this Agreement shall terminate as of the effective date
of the termination of service. 
 4.2 Removal. Notwithstanding any provision of this Agreement to the contrary, if the Director is
removed from the Board of Directors of the Bank or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. 1818(e)(4) or
(g)(1), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order. 
 4.3 Insurer. The
Insurer shall be bound only by the terms of the Policy. Any payments the Insurer makes or actions it takes in accordance with the Policy shall fully discharge it from all claims, suits and demands of all entities or persons. The Insurer shall not be
bound by or be deemed to have notice of the provisions of this Director Split Dollar Agreement. 
  

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 ARTICLE 5 
 CLAIMS AND REVIEW PROCEDURES 
 5.1 Claims Procedure. If the Administrator denies part of or
the entire claim, the claimant shall have the opportunity for a full and fair review by the Administrator of the denial, as follows: 
 5.1.1 Initiation: Written Claim. The claimant initiates a claim by submitting to the Administrator a written claim for the benefits. 
 5.1.2 Timing of Administrator Response. The Administrator shall respond to such claimant within 90 days after receiving the claim. If the Administrator determines that special circumstances require additional
time for processing the claim, the Administrator can extend the response period by an additional 90 days by notifying the claimant in writing, prior to the end of the initial 90-day period, that an additional period is required. The notice of
extension must set forth the special circumstances and the date by which the Administrator expects to render its decision. 
 5.1.3 Notice of Decision. If the Administrator denies part or all of the claim, then the Administrator shall notify the claimant in writing of such denial. The Administrator shall write the notification in a manner calculated to be
understood by the claimant. The notification shall set forth: 
 (a) the specific reasons for the denial, 
 (b) a reference to the specific provisions of this Agreement on which the denial is based, 
 (c) a description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it
is needed, 
 (d) an explanation of this Agreement’s review procedures and the time limits applicable to such procedures,
and 
 (e) a statement of the claimant’s right, if any, to bring a civil action under ERISA Section 502(a) following
an adverse benefit determination on review. 
 5.2 Review Procedure. If the Administrator denies part or all of the claim, then the
claimant shall have the opportunity for a full and fair review by the Administrator of the denial, as follows: 
 5.2.1
Initiation of Written Request. To initiate the review, the claimant must file with the Administrator a written request for review within 60 days after receiving the Administrator’s notice of denial. 
 5.2.2 Additional Submissions for Information Access. The claimant shall then have the opportunity to submit written comments,
documents, records, and other information relating to the claim. The Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the
claimant’s claim for benefits. 
  

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 5.2.3 Considerations on Review. In considering the review, the Administrator shall
take into account all materials and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 
 5.2.4 Timing of Administrator Response. The Administrator shall respond in writing to such claimant within 60 days after receiving
the request for review. If the Administrator determines that special circumstances require additional time for processing the claim, then the Administrator can extend the response period by an additional 60 days by notifying the claimant in writing,
prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Administrator expects to render its decision. 
 5.2.5 Notice of Decision. The Administrator shall notify the claimant in writing of its decision on review. The Administrator shall
write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) the
specific reasons for the denial, 
 (b) a reference to the specific provisions of this Agreement on which the denial is based,

 (c) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies
of, all documents, records, and other information relevant to the claimant’s claim for benefits, and 
 (d) a statement
of the claimant’s right, if any, to bring a civil action under ERISA Section 502(a). 
 ARTICLE 6 
 ADMINISTRATION 
 6.1
Administration. This Director Split Dollar Agreement shall be administered by an Administrator, which shall consist of the Bank’s board of directors or such committee as the board shall appoint. The Director may be a member of the
Administrator. The Administrator shall also have the discretion and authority to: 
 (a) make, amend, interpret, and enforce
all appropriate rules and regulations for the administration of this Director Split Dollar Agreement and 
 (b) decide or
resolve any and all questions, including interpretations of this Director Split Dollar Agreement, as may arise in connection with the Director Split Dollar Agreement. 
  

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 6.2 Named Agents. In the administration of this Director Split Dollar Agreement, the Administrator
may employ agents and delegate to them such administrative duties as it sees fit (including acting through a duly appointed representative) and may from time to time consult with counsel, who may be counsel to the Bank. 
 6.3 Binding Effect of Decisions. The decision or action of the Administrator with respect to any question arising out of or in connection with the
administration, interpretation, and application of this Director Split Dollar Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Director Split Dollar
Agreement. 
 6.4 Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any
and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Director Split Dollar Agreement, except in the case of willful misconduct by the Administrator or any of its members.

 6.5 Information. To enable the Administrator to perform its functions, the Bank shall supply full and timely information to the
Administrator on all matters relating to the date and circumstances of the retirement, death, or Termination of Employment of the Director and such other pertinent information as the Administrator may reasonably require. 
 ARTICLE 7 
 MISCELLANEOUS

 7.1 Amendment and Termination. This Director Split Dollar Agreement shall terminate automatically if Termination as a Director
occurs before the Director’s death. This Director Split Dollar Agreement shall also terminate upon the occurrence of any one of the following: 
 (a) surrender, lapse, or other termination of the Policy by the Bank, which the Bank reserves the absolute right to do, or 
 (b) cessation of the Bank’s business, which is not continued by the Bank’s successor, if any, or 
 (c) written notice of termination by either of the Bank or the Director, or 
 (d) bankruptcy,
receivership, or dissolution of the Bank, or 
 (e) distribution of the death benefit proceeds in accordance with
Section 2.2 above, or 
 (f) if the Director commits suicide within three years after the issuance of the Policy on the
Director’s life. 
  

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 If this Director Split Dollar Agreement is terminated, the Bank may in its sole discretion retain or
terminate the Policy. 
 7.2 Binding Effect. This Agreement shall bind the Director and the Bank and their beneficiaries, survivors,
executors, administrators, and transferees. 
 7.3 Non-Transferability. Benefits under this Agreement cannot be sold, transferred,
assigned, pledged, attached, or encumbered in any manner. 
 7.4 Tax Withholding. The Bank shall withhold any taxes that are required
to be withheld from the benefits provided under this Agreement. 
 7.5 Applicable Law. Except to the extent preempted by the laws of
the United States of America, the validity, interpretation, construction, and performance of this Agreement shall be governed by and construed in accordance with the laws of the State of Alabama, without giving effect to the principles of conflict
of laws of such state. 
 7.6 Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Director
concerning the subject matter hereof. No rights are granted to the Director’s beneficiary(ies) under this Agreement other than those specifically set forth herein. 
 7.7 Severability. If for any reason any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement not held invalid, and to the full extent consistent
with law each such other provision shall continue in full force and effect. If any provision of this Agreement is held invalid in part, such invalidity shall not affect the remainder of such provision, and to the full extent consistent with law the
remainder of such provision shall, together with all other provisions of this Agreement, continue in full force and effect. 
 7.8
Headings. The captions and section headings in this Agreement are included solely for convenience of reference and shall not affect the meaning or interpretation of any provision of this Agreement. 
 7.9 Notices. All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed, certified or registered mail, return receipt requested, with postage prepaid, to the following addresses or to such other address as either party may designate by like notice. 
  

			
	(a)	  	 If to the Bank, to:
 The Board of Directors
 Cullman Savings Bank
 316 Second Avenue S.W.
 Cullman, AL 35055

  

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	(b)	  	 If to the Director, to:
 [NAME]
 [ADDRESS]
 [CITY], [ST]

 and to such other or additional person or persons as either party shall have designated to the
other party in writing by like notice. 
 7.10 Successors. By an assumption agreement in form and substance satisfactory to the
Director, the Bank shall require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Bank to expressly assume and agree to perform this Director
Split Dollar Agreement in the same manner and to the same extent that the Bank would be required to perform this Director Split Dollar Agreement if no succession had occurred. 
  

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 IN WITNESS WHEREOF, the Director and a duly authorized Bank officer have executed this Agreement
as of the day and year first written above. 
  

							
	DIRECTOR	 		 	BANK
		 		 	Cullman Savings Bank
				
	  
	 		 	By:	 	  

		 		 	Title:	 	  

	[NAME]	 		 		 	

 AGREEMENT TO COOPERATE WITH INSURANCE UNDERWRITING INCIDENT 
 TO INTERNAL REVENUE CODE SECTION 1035 EXCHANGE 
 I acknowledge that I have read the Director Split Dollar Agreement and agree to be bound by its terms, particularly the covenant on my part set forth in section 2.5 of the Director Split Dollar Agreement to provide medical information and
cooperate with medical insurance-related testing required by an insurer to issue a comparable insurance policy to cover the benefit provided under this Director Split Dollar Agreement. 
  

					
	  
	 		    	  

	Witness	 		    	Director

  

 9Form of Indemnity Agreement for directors and executive officers

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this “Agreement”)
is made and entered into this              day of              (the “Effective Date”) by and between
BakBone Software Incorporated, a Canadian corporation (the “Company”), and              (the “Indemnitee”). 
 WHEREAS, the Company believes it is essential to retain and attract qualified directors and officers; 
 WHEREAS, the Indemnitee is a director and/or officer of the Company; 
 WHEREAS, both the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies; 
 WHEREAS, the Company’s Bylaws (the “Bylaws”) require the Company to indemnify and advance expenses to its directors and officers to
the extent permitted by the CBCA (as hereinafter defined); 
 WHEREAS, the Indemnitee has been serving and intends to continue serving as a
director and/or officer of the Company in part in reliance on the Bylaws; 
 WHEREAS, in recognition of the Indemnitee’s need for
(i) substantial protection against personal liability based on the Indemnitee’s reliance on the Bylaws, (ii) specific contractual assurance that the protection promised by the Bylaws will be available to the Indemnitee, regardless of,
among other things, any amendment to or revocation of the Bylaws or any change in the composition of the Company’s Board of Directors (the “Board”) or acquisition transaction relating to the Company, and (iii) an
inducement to continue to provide effective services to the Company as a director and/or officer thereof, the Company wishes to provide for the indemnification of the Indemnitee and to advance expenses to the Indemnitee to the fullest extent
permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained by the Company, to provide for the continued coverage of the Indemnitee under the Company’s directors’ and officers’ liability insurance
policies; and 
 WHEREAS, the Indemnitee is relying upon the rights afforded under this agreement in accepting Indemnitee’s position as
a director, officer, or employee of the Company; 
 NOW, THEREFORE, in consideration of the premises contained herein and of the Indemnitee
continuing to serve the Company directly or, at its request, with another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows: 
 1. Certain Definitions. 
 (a) A “Change in Control”
shall be deemed to have occurred if: 
 (i) any “person,” as such term is used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the “Exchange Act”), other than (a) a trustee or other fiduciary holding securities under an employee benefit plan of the Company;
(b) a corporation owned, directly or indirectly, by the 

  

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stockholders of the Company in substantially the same proportions as their ownership of stock of the Company; or (c) any current beneficial stockholder
or group, as defined by Rule 13d-5 of the Exchange Act, including the heirs, assigns and successors thereof, of beneficial ownership, within the meaning of Rule 13d-3 of the Exchange Act, of securities possessing more than 50% of the total combined
voting power of the Company’s outstanding securities; hereafter becomes the “beneficial owner,” as defined in Rule 13d-3 of the Exchange Act, directly or indirectly, of securities of the Company representing 20% or more of the
total combined voting power represented by the Company’s then outstanding Voting Securities; 
 (ii) during any period of
two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
of the directors then in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 
 (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least
80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company, in one transaction or a series of transactions, of all or substantially all of the Company’s assets. 
 (b) “CBCA” shall mean the Canada Business Corporations Act, as the same exists or may hereafter be amended or
interpreted; provided, however, that in the case of any such amendment or interpretation, only to the extent that such amendment or interpretation permits the Company to provide broader indemnification rights than were permitted prior thereto.

 (c) “Expense” shall mean attorneys’ fees and all other costs, expenses and obligations paid or
incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing for any of the foregoing, any Proceeding relating to any Indemnifiable Event. 
 (d) “Indemnifiable Event” shall mean any event or occurrence that takes place either prior to or after the execution of
this Agreement, related to the fact that the Indemnitee is or was a director or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee, or agent of another corporation or of a partnership, joint
venture, trust or other enterprise, including service with respect to employee benefit plans, or by reason of anything done or not done by the Indemnitee in any such capacity. 
 (e) “Proceeding” shall mean any threatened, pending or completed action, suit, investigation or proceeding, and any
appeal thereof, whether civil, criminal, administrative or investigative and/or any inquiry or investigation, whether conducted by the Company or any other party, that the Indemnitee in good faith believes might lead to the institution of any such
action. 
  

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 (f) “Reviewing Party” shall mean any appropriate person or body
consisting of a member or members of the Company’s Board or any other person or body appointed by the Board (including the special independent counsel referred to in Section 6) who is not a party to the particular Proceeding with respect
to which the Indemnitee is seeking indemnification. 
 (g) “Voting Securities” shall mean any securities of
the Company which vote generally in the election of directors. 
 2. Indemnification. In the event the Indemnitee was or is a
party to or is involved (as a party, witness, or otherwise) in any Proceeding by reason of (or arising in part out of) an Indemnifiable Event, whether the basis of the Proceeding is the Indemnitee’s alleged action in an official capacity as a
director or officer or in any other capacity while serving as a director or officer, the Company shall indemnify the Indemnitee to the fullest extent permitted by the CBCA against any and all Expenses, liability, and loss (including judgments,
fines, ERISA excise taxes or penalties, and amounts paid or to be paid in settlement, and any interest, assessments, or other charges imposed thereon, and any federal, state, local, or foreign taxes imposed on any director or officer as a result of
the actual or deemed receipt of any payments under this Agreement) (collectively, “Liabilities”) reasonably incurred or suffered by such person in connection with such Proceeding. The Company shall provide indemnification pursuant
to this Section 2 as soon as practicable, but in no event later than 30 days after it receives written demand from the Indemnitee. Notwithstanding anything in this Agreement to the contrary and except as provided in Section 5 below, the
Indemnitee shall not be entitled to indemnification pursuant to this Agreement (i) in connection with any Proceeding initiated by the Indemnitee against the Company or any director or officer of the Company unless the Company has joined in or
consented to the initiation of such Proceeding or (ii) on account of any suit in which judgment is rendered against the Indemnitee pursuant to Section 16(b) of the Exchange Act for an accounting of profits made from the purchase or sale by
the Indemnitee of securities of the Company. 
 3. Advancement of Expenses. The Company shall advance Expenses to the
Indemnitee within 30 business days of such request (an “Expense Advance”); provided, however, that if required by applicable corporate laws such Expenses shall be advanced only upon delivery to the Company of an undertaking by or on
behalf of the Indemnitee to repay such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified by the Company; and provided further, that the Company shall make such advances only to the extent permitted by law.
Expenses incurred by the Indemnitee while not acting in his/her capacity as a director or officer, including service with respect to employee benefit plans, may be advanced upon such terms and conditions as the Board, in its sole discretion, deems
appropriate. 
 4. Review Procedure for Indemnification. Notwithstanding the foregoing, (i) the obligations of the Company
under Sections 2 and 3 above shall be subject to the condition that the Reviewing Party shall not have determined (in a written opinion, in any case in which the special independent counsel referred to in Section 6 hereof is involved) that
the Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an Expense Advance pursuant to Section 3 above shall be subject to the condition that, if, when and to the extent
that the Reviewing Party determines that the Indemnitee would not be 

  

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permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the
Company) for all such amounts theretofore paid; provided, however, that if the Indemnitee has commenced legal proceedings in a court of competent jurisdiction pursuant to Section 5 below to secure a determination that the Indemnitee should be
indemnified under applicable law, any determination made by the Reviewing Party that the Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and the Indemnitee shall not be required to reimburse the Company
for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or have lapsed). The Indemnitee’s obligation to reimburse the Company for Expense Advances
pursuant to this Section 4 shall be unsecured and no interest shall be charged thereon. The Reviewing Party shall be selected by the Board, unless there has been a Change in Control, other than a Change in Control which has been approved by a
majority of the Company’s Board who were directors immediately prior to such Change in Control, in which case the Reviewing Party shall be the special independent counsel referred to in Section 6 hereof. 
 5. Enforcement of Indemnification Rights. If the Reviewing Party determines that the Indemnitee substantively would not be permitted to be
indemnified in whole or in part under applicable law, or if the Indemnitee has not otherwise been paid in full pursuant to Sections 2 and 3 above within 30 days after a written demand has been received by the Company, the Indemnitee shall have the
right to commence litigation in any court having subject matter jurisdiction thereof and in which venue is proper to recover the unpaid amount of the demand (an “Enforcement Proceeding”) and, if successful in whole or in part, the
Indemnitee shall be entitled to be paid any and all Expenses in connection with such Enforcement Proceeding. The Company hereby consents to service of process for such Enforcement Proceeding and to appear in any such Enforcement Proceeding. Any
determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and the Indemnitee. 
 6. Change in
Control. The Company agrees that if there is a Change in Control of the Company, other than a Change in Control which has been approved by a majority of the Company’s Board who were directors immediately prior to such Change in Control,
then with respect to all matters thereafter arising concerning the rights of the Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or under applicable law or the Company’s Bylaws now or hereafter
in effect relating to indemnification for Indemnifiable Events, the Company shall seek legal advice only from special independent counsel selected by the Indemnitee and approved by the Company, which approval shall not be unreasonably withheld. Such
special independent counsel shall not have otherwise performed services for the Company or the Indemnitee, other than in connection with such matters, within the last five years. Such 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 Company or the Indemnitee in an action to determine the Indemnitee’s rights under this Agreement. Such counsel, among
other things, shall render its written opinion to the Company and the Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the special
independent counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or the engagement of special
independent counsel pursuant to this Agreement. 
  

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 7. Partial Indemnity. If the Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses and Liabilities, but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is
entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all Proceedings relating in whole or in part to an Indemnifiable Event
or in defense of any issue or matter therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all Expenses incurred in connection therewith. In connection with any determination by the Reviewing Party or otherwise
as to whether the Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on the Company to establish that the Indemnitee is not so entitled. 
 8. Non-exclusivity. The rights of the Indemnitee hereunder shall be in addition to any other rights the Indemnitee may have under any statute, provision of the Company’s Bylaws, vote of stockholders or
disinterested directors or otherwise, both as to action in an official capacity and as to action in another capacity while holding such office. To the extent that a change in the CBCA permits greater indemnification by agreement than would be
afforded currently under the Company’s Bylaws and this Agreement, it is the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. 
 9. Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability
insurance, the Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company. 
 10. Settlement of Claims. The Company shall not be liable to indemnify the Indemnitee under this Agreement: (a) for any amounts paid in
settlement of any action or claim effected without the Company’s written consent, which consent shall not be unreasonably withheld; or (b) for any judicial award if the Company was not given a reasonable and timely opportunity, at its
expense, to participate in the defense of such action. 
 11. No Presumption. For purposes of this Agreement, to the fullest extent
permitted by law, the termination of any Proceeding, action, suit or claim, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption
that the Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. 
 12. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or on behalf of the Company or any
affiliate of the Company against the Indemnitee, the Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, or such longer period as may be
required by applicable law under the circumstances, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such period; provided,
however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such shorter period shall govern. 
  

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 13. Amendment of this Agreement. 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. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof. 
 14. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of the Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce
such rights. 
 15. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection
with any claim made against Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, Bylaw, vote, agreement or otherwise) of the amounts otherwise indemnifiable hereunder. 
 16. Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective
successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. The
Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form
and substance satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall
continue in effect regardless of whether the Indemnitee continues to serve as a director or officer of the Company or of any other enterprise at the Company’s request. 
 17. Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision
within a single section, paragraph or sentence) is held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore,
to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or
unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
  

 6 

 18. Governing Law. This Agreement shall be governed by and construed and enforced in accordance
with the federal laws of Canada applicable to contracts made and to be performed in Canada without giving effect to the principles of conflicts of laws. 
 19. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 20. Notices. All notices, demands, and other communications required or permitted hereunder shall be made in writing and shall be deemed to have
been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 
 BakBone Software Incorporated 
 9540 Towne Center Drive, Suite 100 
 San Diego, CA 92121 
 and to the Indemnitee
at: 
 Notice of change of address shall be effective only when done in accordance with this Section. All notices complying with this Section
shall be deemed to have been received on the date of delivery or on the third business day after mailing. 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day
first set forth above. 
  

			
	THE COMPANY:
	
	BAKBONE SOFTWARE INCORPORATED
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 

			
	
	INDEMNITEE:
	
	 
	Signature
		
	Print Name:	 	 

  

 8

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