Document:

Amendment No. 4 to Loan and Security Agreement

 Exhibit 10.76 
 AMENDMENT NO. 4 TO 
 LOAN AND SECURITY AGREEMENT 

THIS AMENDMENT NO. 4 TO LOAN AND
SECURITY AGREEMENT (this “Amendment”) is entered into this 23rd day of March, 2012, by and among SILICON VALLEY BANK, a California banking corporation (“Bank”), U.S. AUTO
PARTS NETWORK, INC., a Delaware corporation (“USAPN”), AUTOMOTIVE SPECIALTY ACCESSORIES AND PARTS, INC., a Delaware corporation (“ASAP”), GO FIDO, INC., a Delaware corporation (“Go
Fido”), PARTS BIN, INC., a Delaware corporation (“Parts Bin”), LOBO MARKETING, INC., a Texas corporation (“Lobo”), WHITNEY AUTOMOTIVE GROUP, INC., a Delaware corporation
(“Whitney”), PRIVATE LABEL PARTS, INC., a Delaware corporation (“Private Label”), PACIFIC 3PL, INC., a Delaware corporation (“Pacific”), AUTOMD, INC., a Delaware corporation
(“AutoMD”), and LOCAL BODY SHOPS, INC., a Delaware corporation (“Local Body Shops” and with USAPN, ASAP, Go Fido, Parts Bin, Lobo, Whitney, Private Label, Pacific, and AutoMD, each a
“Borrower” and collectively, the “Borrower”). Capitalized terms used herein without definition shall have the same meanings given them in the Loan Agreement (as defined below). 

RECITALS 
 A. Borrower and Bank entered into that certain Loan and Security Agreement dated as of August 13, 2010, as amended by that certain Amendment No. 1 to Loan and Security Agreement and
Limited Waiver dated as of February 28, 2011, as amended by that certain Amendment No. 2 to Loan and Security Agreement and Limited Waiver dated as of November 7, 2011, as amended by that certain Amendment No. 3 to Loan and
Security Agreement dated as of December 29, 2011 (as amended, restated, or otherwise modified from time to time, the “Loan Agreement”), pursuant to which the Bank agreed to extend and make available to Borrower certain advances
of money. 
 B. Borrower desires that Bank amend the Loan Agreement upon the terms and conditions more fully set forth
herein. 
 C. Subject to the representations and warranties of Borrower herein and upon the terms and conditions set
forth in this Amendment, Bank is willing to so amend the Loan Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing Recitals and intending to be legally bound, the parties hereto agree as follows:

 1. AMENDMENT TO LOAN AGREEMENT. 

1.1 Section 6.7 (Financial Covenants). Subsection (c) of Section 6.7 of the Loan Agreement is amended and
restated in its entirety as follows: 

 “(c) Consolidated Fixed Charge Coverage Ratio. A Consolidated Fixed Charge
Coverage Ratio, measured as of the last day of each fiscal quarter, for the period set forth below of not less than the ratio set forth below opposite such period: 
  

			
	Period	  	Fixed Charge Coverage Ratio
		
	 For the one quarter period ending March 31, 2012
	  	1.00:1.00
		
	 For the one quarter period ending each fiscal quarter thereafter
	  	1.25:1.00

 Notwithstanding the forgoing, the covenants in this Section 6.7 are subject to adjustment should the
Initial Audit reveal material adverse derivations in Borrower’s financial position as compared to Borrower’s financial position based on information provided to Bank on or before the Effective Date.” 

1.2 Exhibit D (Compliance Certificate). Exhibit D to the Loan Agreement is amended and restated in its entirety and
replaced with Exhibit A hereto. 
 2. BORROWER’S
REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants that: 
 (a) immediately upon giving effect to this Amendment (i) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the
date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct in all material respects as of such date), and (ii) no Event of Default has occurred and is continuing;

 (b) Borrower has the corporate power and authority to execute and deliver this Amendment and to perform its
obligations under the Loan Agreement, as amended by this Amendment; 
 (c) the certificate of incorporation, bylaws and
other organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

(d) the execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized by all necessary corporate action on the part of Borrower; 

(e) this Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against
it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting
creditors’ rights; and 
 (f) as of the date hereof, Borrower has no defenses against the obligations to pay any
amounts under the Obligations. Borrower acknowledges that Bank has acted in good faith and 

 
has conducted in a commercially reasonable manner its relationships with Borrower in connection with this Amendment and in connection with the Loan Documents. 

Borrower understands and acknowledges that Bank is entering into this Amendment in reliance upon, and in partial consideration for, the
above representations and warranties, and agrees that such reliance is reasonable and appropriate. 
 3.
LIMITATION. The amendments set forth in Section 1 of this Amendment shall be limited precisely as written and shall not be deemed (a) to be a waiver of, or consent under, any term or condition of
any instrument or agreement, (b) to be a modification of any other term or condition of the Loan Agreement or of any other instrument or agreement, (c) to prejudice any right or remedy which Bank may now have or may have in the future
under or in connection with the Loan Agreement, the other Loan Documents or any other instrument or agreement or (d) to be a consent to any future amendment, modification, or waiver to any instrument or agreement. Except as expressly amended
hereby, the Loan Agreement shall continue in full force and effect. 
 4.
EFFECTIVENESS. This Amendment shall become effective upon (i) the due execution and delivery of this Amendment by each party hereto and delivery of same to Bank and (ii) payment by Borrower of an
amendment fee in the amount equal to $50,000. 
 5. EXPENSES. Borrower agrees to pay Bank Expenses
(including the fees and expenses of Bank’s counsel, advisors and consultants) accrued and incurred in connection with the transactions contemplated by this Amendment and all other Bank Expenses (including the fees and expenses of Bank’s
counsel, advisors and consultants) payable in accordance with the Loan Agreement. 
 6.
COUNTERPARTS. This Amendment may be signed in any number of counterparts, and by different parties hereto in separate counterparts, with the same effect as if the signatures to each such counterpart were upon a
single instrument. All counterparts shall be deemed an original of this Amendment. 
 7.
INTEGRATION. This Amendment and any documents executed in connection herewith or pursuant hereto contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior
agreements, understandings, offers and negotiations, oral or written, with respect thereto and no extrinsic evidence whatsoever may be introduced in any judicial or arbitration proceeding, if any, involving this Amendment; except that any financing
statements or other agreements or instruments filed by Bank with respect to Borrower shall remain in full force and effect. 

8. GOVERNING LAW; VENUE. THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts in Santa Clara County, California. 

[signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first written above. 
  

			
	 BORROWER:
  

U.S. AUTO PARTS NETWORK, INC.

		
	By	 	/s/ Shane Evangelist
	Name:	 	Shane Evangelist
	Title:	 	Chief Executive Officer

  

			
	PARTS BIN, INC.
		
	By	 	/s/ Shane Evangelist
	Name:	 	Shane Evangelist
	Title:	 	President

  

			
	LOBO MARKETING, INC.
		
	By	 	/s/ Brian Hafer
	Name:	 	Brian Hafer
	Title:	 	President

  

			
	AUTOMOTIVE SPECIALTY ACCESSORIES AND PARTS, INC.
		
	By	 	/s/ David Spangler
	Name:	 	David Spangler
	Title:	 	President

  

			
	GO FIDO, INC.
		
	By	 	/s/ Michael Buca
	Name:	 	Michael Buca
	Title:	 	President

  

			
	WHITNEY AUTOMOTIVE GROUP, INC.
		
	By	 	/s/ Tony Savasta
	Name:	 	Tony Savasta
	Title:	 	President

  

			
	PRIVATE LABEL PARTS, INC.
		
	By	 	/s/ Shannon Logan
	Name:	 	Shannon Logan
	Title:	 	Secretary

 -Signature Page- 
 Amendment No. 4 to 
 Loan and Security Agreement 

			
	PACIFIC 3PL, INC.
		
	By	 	/s/ Rick Ellis
	Name:	 	Rick Ellis
	Title:	 	President

  

			
	AUTOMD, INC.
		
	By	 	/s/ Anton Reut
	Name:	 	Anton Reut
	Title:	 	President

  

			
	LOCAL BODY SHOPS, INC.
		
	By	 	/s/ David Hernandez
	Name:	 	David Hernandez
	Title:	 	President

 -Signature Page- 
 Amendment No. 4 to 
 Loan and Security Agreement 

			
	 BANK:
  

SILICON VALLEY BANK

		
	By	 	/s/ Jack Garza
	Name:	 	Jack Garza
	Title:	 	Relationship Manager

 -Signature Page- 
 Amendment No. 4 to 
 Loan and Security Agreement 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

							
	TO:	 	SILICON VALLEY BANK	  	Date:	  	  

	FROM:	 	U.S. AUTO PARTS NETWORK, INC.	  		  	

 The undersigned authorized officer of U.S. AUTO PARTS NETWORK,
INC. (“Administrative Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between Administrative Borrower, AUTOMOTIVE SPECIALTY
ACCESSORIES AND PARTS, INC. (“ASAP”), GO FIDO, INC. (“Go
Fido”), PARTS BIN, INC. (“Parts Bin”), LOBO MARKETING, INC. (“Lobo”),
WHITNEY AUTOMOTIVE GROUP, INC. (“Whitney”), PRIVATE LABEL PARTS, INC. (“Private
Label”), PACIFIC 3PL, INC. (“Pacific”), AUTOMD, INC. (“AutoMD”) and LOCAL BODY
SHOPS, INC. (“Local Body Shops”, and with Administrative Borrower, ASAP, Go Fido, Parts Bin Lobo, Whitney, Private Label, Pacific and AutoMD, each a “Borrower” and
collectively, the “Borrower”) and Bank (the “Agreement”): 
 (1) Each Borrower is in
complete compliance for the period ending _______________ with all required covenants except as noted below; (2) there are no Events of Default, except as noted below; (3) all representations and warranties in the Agreement are true and
correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date; (4) Each Borrower, and each of its Subsidiaries, have
timely filed, or have obtained extensions for filing, all required tax returns and reports, and each Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by each Borrower except as
otherwise permitted pursuant to the terms of Section 5.8 of the Agreement; and (5) no Liens have been levied or claims made against any Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower
has not previously provided written notification to Bank. 
 Attached are the required documents supporting the certification. The undersigned
certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or
date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have
the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column.

  

					
	Reporting Covenant	  	Required	  	Complies
			
	Quarterly consolidated and consolidating financial statements with Compliance Certificate; A/R & A/P Agings	  	 Quarterly within 45 days (first three
 quarters of fiscal year)
	  	        Yes    No        
	 Annual consolidated and consolidating financial
 statements (CPA Audited) + CC
	  	FYE within 90 days	  	Yes    No
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  	Yes    No
	Board approved financial projections	  	 Not later than January 30 of each
 calendar year
	  	Yes    No
	
	 The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no
registrations, state “None”)

  
  

 
  

											
	 Financial Covenant
	  	 Required
	 	  	 Actual
	 	  	 Complies

				
	 Maintain on a Quarterly Basis:
	  				  				  	
	 Maximum Funded Debt to TTM Consolidated EBITDA:
	  				  				  	
	 Effective Date through October 1, 2010
	  	 	2.25:1.00	  	  	 	___:1.00	  	  	        Yes    No        
	 January 1, 2011 through July 2, 2011
	  	 	2.00:1.00	  	  				  	
	 October 1, 2011 through July 1, 2012
	  	 	1.50:1.00	  	  	 	___:1.00	  	  	Yes    No
	 Thereafter
	  	 	1.00:1.00	  	  	 	___:1.00	  	  	Yes    No
				
	 Liquidity
	  	$	7,500,000	  	  	$	________	  	  	Yes    No
				
	 Consolidated Fixed Charge Coverage Ratio:
	  				  				  	
	 One quarter period ending March 31, 2012
	  	 	1.00:1.00	  	  	 	___:1.00	  	  	Yes    No
	 One quarter period ending each fiscal quarter thereafter
	  	 	1.25:1.00	  	  	 	___:1.00	  	  	

 The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto
are true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification
above: (If no exceptions exist, state “No exceptions to note.”) 
  

 
  

 
  

 
  

															
	ADMINISTRATIVE BORROWER:	 	BANK USE ONLY	  	
				
	U.S. AUTO PARTS NETWORK, INC.	 	Received by:	  	 	  	
		  		  		 		 		  		  	AUTHORIZED SIGNER	  	
		  		  		 	Date:	 	 	  	
	By:	  	 	  		 		 		  		  		  	
	Name:	  	 	  		 	Verified:	  	 	  	
	Title:	  	 	  		 		 		  		  	AUTHORIZED SIGNER	  	
		  		  		 	Date:	 	 	  	
					
		  		  		 	Compliance Status:             Yes       No	  	

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated: ____________________ 
  

	I.	Maximum Funded Debt to Consolidated EBITDA (Section 6.7(a)) 

 Required:    See chart below 
  

			
	Period	  	Maximum Funded Debt to EBITDA
		
	 Effective Date through October 1, 2010
	  	2.25:1.00
		
	 January 1, 2011 through July 2, 2011
	  	2.0:1.00
		
	 October 1, 2011 through July 1, 2012
	  	1.5:1.00
		
	 Thereafter
	  	1.0:1.00

 Actual: 
  

							
	 A.
	  		  			
			
		  	 1.           Advances outstanding
	  	$	                	  
			
		  	 2.           Amount of Term Loan outstanding
	  	$	                	  
			
		  	 3.           Credit Extensions outstanding (line A.1 plus line
A.2)
	  	$	                	  
			
	 B.
	  	Net Income	  	$	                	  
			
	 C.
	  	To the extent included in the determination of Net Income	  			
			
		  	 1.           Depreciation expense
	  	$	                	  
			
		  	 2.           Amortization expense
	  	$	                	  
			
		  	 3.           Income tax expense
	  	$	                	  
			
		  	 4.           Stock-based compensation
	  	$	                	  
			
		  	 5.           Impairment of intangible assets
	  	$	                	  
			
		  	 6.           Restructuring costs and transaction fees and expenses
related to Whitney Stock Purchase to the extent paid in the fiscal quarters ending January 1, 2011, April 2, 2011, July 2, 2011 or October 1, 2011
	  	$	                	  

  

									
			
		  	 7.           The sum of lines 1 through 6
	  	$	_______	  
			
	 D.
	  	Consolidated Interest Expense	  	$	_______	  
			
	 E.
	  	Consolidated EBITDA (line B plus line C.7 plus line D)	  	$	_______	  
			
	 F.
	  	Maximum Funded Debt to Consolidated Adjusted EBITDA (line A.3 divided by line E)	  	 	_______	  
		
	 Is line F equal to or less than ______:1.00?
	  			
				
		  	______ No, not in compliance	  	______ Yes, in compliance	  			
		  		  		  			
			
	 II.
	  	Liquidity (Section 6.7(b))	  			
		
	 Required:
                $7,500,000
	  			
		
	 Actual:
	  			
			
	 A.
	  	Unrestricted cash and Cash Equivalents	  	$	_______	  
			
	 B.
	  	Advances outstanding	  	$	_______	  
			
	 C.
	  	Liquidity (line A minus line B)	  	$	_______	  
	
	 Is line C equal to or greater than $7,500,000?
	   

				
		  	______ No, not in compliance	  	______ Yes, in compliance	  			
		  		  		  			
			
	 III.
	  	Consolidated Fixed Charge Coverage Ratio (Section 6.7(c))	  			
		
	 Required: See chart below
	  			
				
		  	Period	  	Fixed Charge Coverage Ratio	  			
				
		  	For the one quarter period ending March 31, 2012	  	1.00:1.00	  			
				
		  	For the one quarter period ending each fiscal quarter thereafter	  	1.25:1.00	  			
		  		  		  			
		
	 Actual:
	  			
			
	 A.
	  	Net Income	  	$	_______	  
			
	 B.
	  	To the extent included in the determination of Net Income	  			
			
		  	 1.           Depreciation expense
	  	$	_______	  
			
		  	 2.           Amortization expense
	  	$	_______	  

  

							
			
		  	 3.           Income tax expense
	  	$	                	  
			
		  	 4.           Stock-based compensation
	  	$	                	  
			
		  	 5.           Impairment of intangible assets
	  	$	                	  
			
		  	 6.           Restructuring costs and transaction fees and expenses
related to Whitney Stock Purchase to the extent paid in the fiscal quarters ending January 1, 2011, April 2, 2011, July 2, 2011 or October 1, 2011
	  	$	                	  
			
		  	 7.           Integration capital expenditures related to the Whitney
Stock Purchase to the extent paid in the fiscal quarters ending January 1, 2011, April 2, 2011, July 2, 2011 or October 1, 2011
	  	$	                	  
			
		  	 8.           The sum of lines 1 through 7
	  	$	                	  
			
	 C.
	  	Consolidated Interest Expense	  	$	                	  
			
	 D.
	  	Consolidated EBITDA (line A plus line B.8 plus line C)	  	$	                	  
			
	 E.
	  	Taxes based on income actually paid in cash (excluding income tax refunds received in cash during such period as a result of an over-payment of taxes actually paid in such
period)	  	$	                	  
			
	 F.
	  	Consolidated Capital Expenditures	  	$	                	  
			
	 G.
	  		  			
			
		  	 1.           Consolidated Interest Expense
	  	$	                	  
			
		  	 2.           Payments made on account of principal of Indebtedness of
Borrower and its Subsidiaries (including principal payments in respect of the Term Loan)
	  	$	                	  
			
		  	 3.           Cash dividends, distributions, repurchases and redemptions
in respect of stock of Administrative Borrower
	  	$	                	  
			
	 H.
	  	Consolidated Fixed Charges (line G.1 plus G.2 plus G.3)	  	$	                	  
			
	 I.
	  	Consolidated Fixed Charge Coverage Ratio ((line D minus line E minus line F) divided by line H)	  	$	                	  

 Is line I equal to or greater than
                :1.00? 
  

					
			
		  	                 No, not in compliance	  	                 Yes, in complianceEX-10.2

 Exhibit 10.2 
 FORM OF INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT is made
on [                 , 20    ], between TCP International Holdings Ltd., a corporation incorporated under the laws of Switzerland with its registered
address at                     , Switzerland (the “Company”); and
[            ] (“Indemnitee”). 
 WHEREAS Indemnitee is a
[director] and/[or an officer] of the Company; 
 WHEREAS highly skilled and competent persons are becoming more reluctant to
serve public companies as directors or officers unless they are provided with adequate protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on
behalf of such companies; 
 WHEREAS uncertainties relating to indemnification increase the difficulty of attracting and
retaining such persons; 
 WHEREAS the Board has determined that an inability to attract and retain such persons is detrimental
to the best interests of the Company and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 
 WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify Indemnitee to the fullest extent permitted by Swiss law so that Indemnitee will serve or
continue to serve the Company free from undue concern that Indemnitee will not be so indemnified; and 
 WHEREAS, Indemnitee is
willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that Indemnitee be so indemnified. 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

1. INTERPRETATION 
 1.1
In this Agreement unless the context otherwise requires, the following words and expressions shall have the following meanings: 

“Agreement” means this Indemnification Agreement; 
 “Board” means the Board of Directors of the Company; 
 “Business
Day” means any day on which banks in Switzerland are open for business; 

 “Corporate Status” means the status of a person who is or was a director, officer,
employee, agent, or fiduciary of the Company or any other Group Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of any other company, corporation, partnership, limited liability
company, joint venture, trust, employee benefit plan or other entity or enterprise; 
 “Disinterested Director” means
a director of the Company who is not or was not a party to a Proceeding in respect of which indemnification is sought by Indemnitee; 
 “Group Companies” means the Company and each subsidiary of the Company (wherever incorporated or organized); 
 “Independent Counsel” means a law firm or a member of a law firm that neither is presently nor in the past five years has been retained to represent: (i) the Company or Indemnitee in any
matter material to either such party, 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 Company or Indemnitee in an action to determine Indemnitee’s right to indemnification under this Agreement;

 “Parties” means the parties to this Agreement collectively, and “Party” means any one of them; and

 “Proceeding” means any action, suit, arbitration, alternate dispute resolution mechanism, investigation,
administrative hearing or any other proceeding whether civil, criminal, administrative or investigative and whether formal or informal; 
 1.2 In this Agreement unless the context otherwise requires: 

1.2.1 references to statutory provisions shall be construed as references to those provisions as amended or re-enacted or
as their application is modified by other provisions from time to time and shall include references to any provisions of which they are re-enactments (whether with or without modification); 

1.2.2 references to clauses and schedules are references to clauses hereof and schedules hereto; references to sub-clauses
or paragraphs are, unless otherwise stated, references to sub-clauses of the clause or paragraphs of the schedule in which the reference appears; 
 1.2.3 references to the singular shall include the plural and vice versa and references to the masculine shall include the feminine and/or neuter and vice versa; and 

1.2.4 references to persons shall include companies, partnerships, associations and bodies of persons, whether
incorporated or unincorporated. 

  
 2 

 2. AGREEMENT TO SERVE 
 Indemnitee agrees to serve as a [director] and/[or an officer] of the Company. This Agreement does not create or otherwise establish any right on the part of Indemnitee to be and continue to be elected or
appointed [a director] and/[or an officer] of the Company or any other Group Company and does not create an employment contract between the Company and Indemnitee. 
 3. INDEMNITY OF DIRECTOR/OFFICER 
 3.1 Subject to clause 10, the Company
shall indemnify Indemnitee if Indemnitee is a party or is threatened to be made a party to any threatened, pending or completed Proceeding, including a Proceeding brought by or in the right of the Company, by reason of the fact that Indemnitee is or
was a director, officer, employee, agent, or fiduciary of the Company or is or was serving at the request of the Company as a director, officer, employee, agent, or fiduciary of any other company, corporation, partnership, limited liability company,
joint venture, trust, employee benefit plan or other entity or enterprise or by reason of anything done or not done by Indemnitee in any such capacity. Subject to clause 10, pursuant to this sub-clause 3.1 Indemnitee shall be indemnified against
expenses (including attorneys’ fees and disbursements), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with such Proceeding (including, but not limited to, the
investigation, defense, settlement or appeal thereof). 
 3.2 Notwithstanding any other provision of this Agreement other than
clause 10, Indemnitee shall be indemnified against all expenses (including attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in defending any Proceedings referred to in clause 3.1
in which judgment is given in his favor, in which he is acquitted, or in respect of which relief is granted to him. 
 3.3
Subject to clause 10, the Company shall indemnify Indemnitee for such portion of the expenses (including attorneys’ fees), witness fees, damages, judgments, fines and amounts paid in settlement and any other amounts that Indemnitee becomes
legally obligated to pay in connection with any Proceeding referred to in clause 3.1 in respect of which Indemnitee is entitled to indemnification hereunder, even if Indemnitee is not entitled to indemnification hereunder for the total amount
thereof. 
 4. INDEMNIFICATION FOR EXPENSES OF A WITNESS 
 Subject to clause 10, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding, Indemnitee shall be indemnified by the Company against all expenses
actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 

  
 3 

 5. DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION 

5.1 Indemnitee shall request indemnification pursuant to this Agreement by notice in writing to the secretary of the Company. The
secretary shall, promptly upon receipt of Indemnitee’s request for indemnification, advise in writing the Board or such other person or persons empowered to make the determination as provided in sub-clause 5.2 that Indemnitee has made such
request for indemnification. Subject to clause 10, upon making such request for indemnification, Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden of proof in the making of any
determination contrary to such presumption. 
 5.2 Upon written request by Indemnitee for indemnification pursuant to sub-clause
3.1, the entitlement of Indemnitee to indemnification pursuant to the terms of this Agreement shall be determined by the following person or persons who shall be empowered to make such determination: 

5.2.1 the Board, by a majority vote of the Disinterested Directors; or 

5.2.2 if such vote is not obtainable or, even if obtainable, if such Disinterested Directors so direct by majority vote,
by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or 

5.2.3 by a majority vote of the shareholders. 
 5.3 For purposes of sub-clause 5.2, if needed, Independent Counsel shall be selected by the Board and approved by Indemnitee. Upon failure of the Board to so select such Independent Counsel or upon
failure of Indemnitee to so approve, either the Board or Indemnitee may request the International Chamber of Commerce (the “ICC”) to appoint an Independent Counsel in accordance with the provisions regarding the appointment of experts
contained in the ICC’s Rules for Expertise. Such determination of entitlement to indemnification shall be made not later than 60 days after receipt by the Company of a written request for indemnification. Such request shall include
documentation or information which is necessary for such determination and which is reasonably available to Indemnitee. Subject to clause 10, any expenses (including attorneys’ fees) incurred by Indemnitee in connection with Indemnitee’s
request for indemnification hereunder shall be borne by the Company irrespective of the outcome of the determination of Indemnitee’s entitlement to indemnification. If the person or persons making such determination shall determine that
Indemnitee is entitled to indemnification as to part (but not all) of the application for indemnification, such persons may reasonably prorate such partial indemnification among such claims, issues or matters in respect of which indemnification is
requested. 
 6. ADVANCEMENT OF EXPENSES 
 All reasonable expenses incurred by Indemnitee (including attorneys’ fees, retainers and advances of disbursements required of Indemnitee) shall be paid by the Company in advance of the final
disposition of any Proceeding at the request of 

  
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Indemnitee as promptly as possible, and in any event within twenty days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time
to time; provided, however, that no expenses will be paid by the Company in advance of the final disposition of any Proceeding in which the Company itself is the claimant. Indemnitee’s entitlement to such expenses shall include those incurred
in connection with any Proceeding by Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. Such statement or statements shall reasonably evidence the expenses incurred by Indemnitee in connection therewith and shall
include or be accompanied by an undertaking by or on behalf of Indemnitee to repay such amount if it is ultimately determined that Indemnitee is not entitled to be indemnified against such expenses by the Company as provided by this Agreement or
otherwise. Subject to clause 10, the Company shall have the burden of proof in any determination under this clause 6. No amounts advanced hereunder shall be deemed an extension of credit by the Company to Indemnitee. 

7. REMEDIES OF INDEMNITEE IN CASES OF DETERMINATION NOT TO INDEMNIFY OR TO ADVANCE EXPENSES 

7.1 In the event that: (a) a determination is made that Indemnitee is not entitled to indemnification hereunder; (b) payment has
not been timely made following a determination of entitlement to indemnification pursuant to clause 5; or (c) expenses are not advanced pursuant to clause 6, Indemnitee shall be entitled to apply to a court of competent jurisdiction at the
place of incorporation of the Company for a determination of Indemnitee’s entitlement to such indemnification or advance. 

7.2 Alternatively to sub-clause 7.1, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by an
arbitral tribunal administered by the Swiss Chambers of Commerce in accordance with the Swiss Rules of International Arbitration in force on the date when the notice of arbitration is submitted in accordance with the rules set out in this Agreement.
The seat of the arbitration shall be at the place of incorporation of the Company. The arbitral proceedings shall be conducted in the English language. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in
arbitration or any other claim. 
 7.3 Subject to clause 10, if a determination is made pursuant to the terms of clause 5 that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination and is precluded from asserting that such determination has not been made or that the procedure by which such determination was made is not valid, binding
and enforceable. If the court or arbitral tribunal shall determine that Indemnitee is entitled to any indemnification hereunder, the Company shall pay all reasonable expenses (including attorneys’ fees and disbursements) actually incurred by
Indemnitee in connection with such adjudication or award in arbitration (including, but not limited to, any appellate proceedings). 

  
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 8. OTHER RIGHTS TO INDEMNIFICATION 

The indemnification and advancement of expenses (including attorneys’ fees) provided by this Agreement shall not be deemed exclusive
of any other right to which Indemnitee may now or in the future be entitled under any provision of the Company’s articles of association or organizational regulations or any agreement, vote of shareholders, the Board or Disinterested Directors,
provision of law, or otherwise, provided, however, that where the Company may indemnify Indemnitee pursuant to either this Agreement or the articles of association or organizational regulations of the Company, the Company may indemnify Indemnitee
under either this Agreement or the articles of association or organizational regulations of the Company but Indemnitee shall, in no case, be indemnified by the Company in respect of any expense, liability or cost of any type for which payment is or
has been actually made to Indemnitee under any insurance policy, indemnity clause, articles of association or organizational regulations of the Company or agreement, except in respect of any excess beyond such payment. 

9. ATTORNEYS’ FEES AND OTHER EXPENSES TO ENFORCE AGREEMENT 
 In the event that Indemnitee is subject to or intervenes in any Proceeding in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce
Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee, if Indemnitee prevails in whole or in part in such action, shall be entitled to recover from the Company and shall be indemnified by the Company
against, any actual expenses for attorneys’ fees and disbursements reasonably incurred by Indemnitee, provided that in bringing such action, Indemnitee acted in good faith. 
 10. LIMITATION OF INDEMNIFICATION 
 10.1 Notwithstanding any other terms of
this Agreement, nothing herein shall indemnify Indemnitee against, or exempt Indemnitee from, any liability in respect of Indemnitee’s gross negligence and willful intent pursuant to Art. 100 § 1 (or comparable section then existing) of
the Swiss Code of Obligations; provided however, that to the extent Swiss applicable law changes after the date of this Agreement so that the Company may, under such law, at the applicable time, indemnify Indemnitee to an extent greater than
provided in this clause 10 (as a result of the restrictions contained in this clause 10), the Company shall indemnify Indemnitee without regard to the restrictions contained in this clause 10 to the fullest extent permitted under applicable law at
such time. 
 10.2 In addition, notwithstanding any other terms of this Agreement, nothing herein shall indemnify Indemnitee
against, or exempt Indemnitee from, any liability in respect of Indemnitee’s fraud and dishonesty. 
 11. LIABILITY INSURANCE

 To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability
insurance, 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 Company director or officer and to the fullest extent permitted by Swiss law.

  
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 12. DURATION OF AGREEMENT 
 This Agreement shall apply with respect to Indemnitee’s occupation of any of the position(s) described in sub-clause 3.1 of this Agreement prior to the date of this Agreement and with respect to all
periods of such service after the date of this Agreement, even though Indemnitee may have ceased to occupy such positions(s). 
 13. NOTICE
OF PROCEEDINGS BY INDEMNITEE 
 13.1 Indemnitee agrees promptly to notify the Company in writing upon being served with any
summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding which may be subject to indemnification hereunder, provided, however, that the failure to so notify the Company will not relieve the Company
from any liability it may have to Indemnitee except to the extent that such failure materially prejudices the Company’s ability to defend such claim. With respect to any such Proceeding as to which Indemnitee notifies the Company of the
commencement thereof: 
 13.1.1 the Company will be entitled to participate therein at its own expense; and

 13.1.2 except as otherwise provided below, to the extent that it may wish, the Company jointly with any other
indemnifying party similarly notified will be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense thereof, the Company will
not be liable to Indemnitee under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof 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 notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee and not
subject to indemnification hereunder unless: (a) the employment of counsel by Indemnitee has been authorized by the Company; (b) in the reasonable opinion of counsel to Indemnitee there is or may be a conflict of interest between the
Company and Indemnitee in the conduct of the defense of such Proceeding; or (c) the Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases, subject to clause 10, the fees and expenses of
counsel shall be at the expense of the Company. 
 13.2 Neither the Company nor Indemnitee shall settle any claim without the
prior written consent of the other (which shall not be unreasonably withheld). 

  
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 14. NOTICES 
 Any notice required to be given hereunder shall be in writing in the English language and shall be served by sending the same by prepaid recorded post, facsimile or by delivering the same by hand to the
address of the Party or Parties in question as set out below (or such other address as such Party or Parties shall notify the other Parties of in accordance with this clause). Any notice sent by post as provided in this clause shall be deemed to
have been served five Business Days after dispatch and any notice sent by facsimile as provided in this clause shall be deemed to have been served at the time of dispatch and in proving the service of the same it will be sufficient to prove in the
case of a letter that such letter was properly stamped, addressed and placed in the post; and in the case of a facsimile that such facsimile was duly dispatched to a current facsimile number of the addressee. 

Company 
 TCP International Holdings Ltd.

  
  

 
  
 Switzerland 
 Attn: Secretary 
 Indemnitee 
  

 
  

 
 15. MISCELLANEOUS 

15.1 Notwithstanding the expiration or termination of this Agreement howsoever arising, such expiration or termination shall not operate
to affect such of the provisions hereof as are expressed or intended to remain in full force and effect. 
 15.2 If any of the
clauses, conditions, covenants or restrictions of this Agreement or any deed or document emanating from it shall be found to be void but would be valid if some part thereof were deleted or modified, then such clause, condition, covenant or
restriction shall apply with such deletion or modification as may be necessary to make it valid and effective so as to give effect as nearly as possible to the intent manifested by such clause, condition, covenant or restriction. 

15.3 This Agreement shall be binding upon the Company and its successors and assigns (including any transferee of all or substantially
all of its assets and any successor or resulting company by merger, amalgamation or operation of law) and shall inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, estate, devises, executors, administrators or other
legal representatives. 
 15.4 This Agreement (together with any documents referred to herein) constitutes the whole agreement
between the Parties relating to its subject matter and supersedes any prior indemnification arrangement between the Company (or its predecessor) and Indemnitee (except as specifically set forth in clause 8). 

  
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 15.5 No provision in this Agreement may be amended unless such amendment is agreed to in
writing, signed by Indemnitee and by a duly authorized officer of the Company. No waiver by either Party of any breach by the other Party of any condition or provision of this Agreement to be performed by such other Party shall be deemed a waiver of
a similar or dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by Indemnitee or a duly authorized officer of the Company, as the case may be. 

15.6 The headings in this Agreement are inserted for convenience only and shall not affect the construction of this Agreement.

 15.7 This Agreement may be executed in counterparts each of which when executed and delivered shall constitute an original
but all such counterparts together shall constitute one and the same instrument. 
 15.8 The terms and conditions of this
Agreement and the rights of the parties hereunder shall be governed by and construed in all respects in accordance with the laws of Switzerland. The Parties to this Agreement hereby irrevocably agree that the court at the place of incorporation of
the Company shall have non-exclusive jurisdiction in respect of any dispute, suit, action, arbitration or proceedings (“Agreement Proceedings”) which may arise out of or in connection with this Agreement and waive any objection to
Agreement Proceedings in such court on the grounds of venue or on the basis that the Agreement Proceedings have been brought in an inconvenient forum. 
 15.9 All payments made by the Company to Indemnitee hereunder shall be deemed to have been made in the ordinary course of business of the Company, and shall not be deemed to be extraordinary payments.

 (Remainder of page intentionally left blank) 

  
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 IN WITNESS WHEREOF, the undersigned, intending to be bound hereby, have duly executed this
Agreement as of the date first written above. 
  

			
	SIGNED by and on behalf of:
	TCP INTERNATIONAL HOLDINGS LTD.
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 

  

	
	SIGNED by:
	INDEMNITEE
	
	  
	
	[NAME]

 [Signature page to Indemnification Agreement] 

  
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