Document:

Exhibit 10.2

 

 

PURCHASE AND OPTION AGREEMENT

 

This Purchase and Option
Agreement (this “Agreement”), dated November [•], 2020, is made by and between EDF Renewables, Inc. (“Seller”)
and NB Merger Corp. (the “Company”).

 

RECITALS

 

A. The Company is party
to a Merger Agreement (the “Merger Agreement”), dated as of the date hereof, by and among Newborn Acquisition
Corp. (“Newborn”), the Company, a wholly owned subsidiary of Newborn, Nuvve Merger Sub Inc. (“Merger
Sub”), a wholly owned subsidiary of the Company, Nuvve Corporation (“Nuvve”) and Ted Smith, as the
representative of the stockholders of Nuvve, pursuant to which (i) the Company will merge with Newborn, with the Company surviving
the merger and the security holders of Newborn becoming security holders of the Company, and (ii) Nuvve will merge with Merger
Sub (the “Acquisition Merger”), with Nuvve surviving as a wholly owned subsidiary of the Company and the security
holders of Nuvve becoming security holders of the Company.

 

B. Seller is the owner
of 8,286,421 shares of Series A preferred stock, par value $0.0001 per share, of Nuvve, which automatically will convert into 8,286,421
shares of common stock, par value $0.0001 per share, of Nuvve immediately prior to the consummation of the Acquisition Merger (the
“Nuvve Shares”).

 

C. Upon consummation
of the Acquisition Merger, the Nuvve Shares will be exchanged for shares (the “Merger Shares”) of common stock,
par value $0.0001 per share, of the Company (the “Common Stock”).

 

C. Seller desires to
sell to the Company $6,000,000 of the Merger Shares immediately after the consummation of the Acquisition Merger, and the Company
further desires grant to the Seller a put option entitling the Seller to sell an additional $2,000,000 of the Merger Shares to
the Company commencing three months after the consummation of the Acquisition Merger, in each case subject to the terms and conditions
of this Agreement.

 

AGREEMENT

 

It is hereby agreed:

 

1. Initial Purchase
and Sale of Shares.

 

(a) Subject to the terms
and conditions herein, Seller hereby agrees to sell to the Company, and the Company hereby agrees to purchase from the Seller,
600,000 of the Merger Shares (the “Initial Shares”) for $10.00 per Share, or an aggregate of $6,000,000, in
cash (the “Initial Sale Purchase Price”), immediately after the consummation of the Acquisition Merger. The
number of Initial Shares and the Initial Sale Purchase Price shall be equitably adjusted for any stock split, reverse stock split,
stock combination, stock dividend or other similar transaction affecting the Common Stock as a whole or the ordinary shares, par
value $0.0001 per share, of Newborn as a whole.

 

     

     

    

 

(b) Except as mutually
agreed by the parties in writing, the closing of the purchase and sale of the Initial Shares (the “Closing”)
shall take place immediately after the consummation of the Acquisition Merger. At or prior to the Closing:

 

(i) If the
Initial Shares are represented by a certificate, Seller shall deliver to the Company the certificate representing the Initial Shares,
registered in Seller’s name (or an affidavit of loss and indemnification agreement in a form reasonably satisfactory to the
Company in lieu of such certificate), together with an instrument of transfer for the Initial Shares executed in blank with original
signature from Seller, medallion guaranteed.

 

(ii) If the
Initial Shares are represented by an entry, in Seller’s name, on the books and records of the Company’s transfer agent,
Seller shall deliver an instrument of transfer for the Initial Shares executed in blank with original signature from Seller, medallion
guaranteed.

 

(iii) The Company
shall pay the Initial Sale Purchase Price to Seller by wire transfer of immediately available funds to an account designated by
Seller in writing at least three (3) business days prior to the Closing.

 

(c) The obligations of
the Parties pursuant to this Section 1 shall be conditioned upon the consummation of the Acquisition Merger.

 

2. Put Option.

 

(a) Upon the closing
of the Acquisition Merger, the Seller is granted an option (the “Put Option”) to require the Company to purchase,
at any time commencing upon the closing of the Acquisition Merger and ending twelve (12) months thereafter (the “Put Option
Exercise Period”), on the terms and conditions contained herein, up to $2,000,000 of the Merger Shares then held by the
Seller.

 

(b) This Put Option may
be exercised (“Put Election”), in whole or in part, on one and only one occasion during the Put Option Exercise
Period, by written notice (“Put Notice”) to the Company. The Put Election shall be deemed made on the date the
Put Notice is delivered to the Company. The Put Notice shall specify (i) the number of Merger Shares to be sold and purchased pursuant
to the Put Option (the “Put Shares”), which shall not exceed a number equal to $2,000,000 divided by the Put
Option Exercise Price, and (ii) the date for the closing of the purchase and sale of the Put Shares (the “Put Closing”),
which shall be not less than thirty (30) days or more than forty-five (45) days after the date of delivery of the Put Notice. Such
Put Election shall be irrevocable, unless Holder has obtained the written consent of the Company allowing a revocation.

 

(c) The exercise price
of the Put Option (the “Put Option Exercise Price”) shall be the average of the last closing sale price of the
Common Stock on the primary market on which the Common Stock is then traded for the five (5) consecutive trading days ending on
the trading day prior to the date the Put Notice is delivered to the Company. The Put Option Exercise Price shall be equitably
adjusted for any stock split, reverse stock split, stock combination, stock dividend or other similar transaction affecting the
Common Stock as a whole occurring after the Put Notice is delivered to the Company but prior to the Put Closing.

 

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(d) Except as mutually
agreed by the parties in writing, the Put Closing shall take place on the date specified in the Put Notice. At or prior to the
Put Closing:

 

(i) If the
Put Shares are represented by a certificate, Seller shall deliver to the Company the certificate representing the Put Shares, registered
in Seller’s name (or an affidavit of loss and indemnification agreement in a form reasonably satisfactory to the Company
in lieu of such certificate), together with an instrument of transfer for the Put Shares executed in blank with original signature
from Seller, medallion guaranteed.

 

(ii) If the
Put Shares are represented by an entry, in Seller’s name, on the books and records of the Company’s transfer agent,
Seller shall deliver an instrument of transfer for the Put Shares executed in blank with original signature from Seller, medallion
guaranteed.

 

(iii) The Company
shall pay an amount equal to (A) the number of Put Shares, multiplied by (B) the Put Option Exercise Price, to Seller by wire transfer
of immediately available funds to an account designated by Seller in writing at least three (3) business days prior to the Put
Closing.

 

(e) The grant of the
Put Option pursuant to this Section 2 shall be conditioned upon the consummation of the Acquisition Merger.

 

3. Representations
of Seller. Seller represents and warrants to the Company as follows:

 

(a) This Agreement constitutes
a legal, valid and binding obligation of Seller enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights
and to general equity principles.

 

(b) Seller, as of the
date hereof, is the record and beneficial owner of, and has good and marketable title to, the Nuvve Shares and, as of the Closing
and the Put Closing, will be the record and beneficial owner of, and have good and marketable title to, the Merger Shares, free
and clear of all liens, security interests, charges, claims, restrictions and other encumbrances, subject to securities laws restrictions.
Seller has not granted to any person or entity any options or other rights to buy the Nuvve Shares or the Merger Shares. No other
person or entity has any interest in the Nuvve Shares or the Merger Shares of any nature. The sale and transfer of the Merger Shares
to the Company pursuant to this Agreement will not give any person a legal right or cause of action against the Merger Shares or
the Company.

 

(c) Seller understands
that, at the Closing and any Put Closing, it may not be privy to certain material non-public information with respect to the business
operations, financial condition and prospects of the Company (“Excluded Information”) and that the Excluded
Information could be positive in nature and, if released to the public, could have a positive impact on the market price of the
securities of the Company. Notwithstanding the foregoing, Seller is still desirous of effectuating the transactions contemplated
hereby and selling the Initial Shares and, should Seller elect to exercise its Put Option, the Put Shares, to the Company. Seller
is not requesting the Excluded Information and agrees that the Company is not obligated to disclose any Excluded Information to
Seller and that the Company shall not have any liability with respect to any non-disclosure of the Excluded Information. As a condition
to the Company’s agreement to buy the Initial Shares and the Put Shares, to the fullest extent permitted by law, as of the
Closing and the Put Closing, the Seller hereby releases and waives any and all claims, causes of action, actions, proceedings,
suits, judgments, liens and executions and claims, whether known or unknown, now or hereafter arising against the Company or its
officers, directors, agents or controlling stockholders, based upon or relating to such non-disclosure or Seller’s failure
to review the Excluded Information.

 

    3

     

    

 

4. Representations
and Warranties of the Company. The Company hereby represents and warrants to Seller that this Agreement constitutes a legal,
valid and binding obligation of the Company enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights
and to general equity principles.

 

5. Termination.
Except in the case that the transactions contemplated by the Merger Agreement are consummated, this Agreement shall terminate upon
the termination of the Merger Agreement.

 

6. Confidentiality.
Except as otherwise required by applicable law, rule or regulation, Seller shall not disclose the existence or contents of this
Agreement without the prior consent of the Company.

 

7. Governing Law.
This Agreement shall be governed by and construed in accordance with the law of the State of Delaware without giving effect to
principles of conflicts of law.

 

8. Counterparts.
This Agreement may be signed in counterparts which, taken together, shall constitute one Agreement.

 

9. Further Assurances.
The parties hereto agree to promptly take such steps as may be necessary to effectuate the purposes and intent of this Agreement.

 

[Signature Page Follows]

 

    4

     

    

 

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

 

	SELLER:	 	COMPANY:
	 	 	 	 
	EDF RENEWABLES, INC.	 	NB MERGER CORP.
	 	 	 	 	 
	By:	                          	 	By:	                          
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

[Purchase and Option Agreement Signature
Page]

 

 

5EX-10.01

 Exhibit 10.01 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is made as of ________________, by and between Computer Task Group,
Incorporated, a New York corporation (the “Corporation”), and _____________________, a director of the Corporation (“Director”). 

RECITALS 
 WHEREAS, candidates
highly qualified for service on the boards of directors of publicly-held corporations have become increasingly reluctant to serve in that capacity or in other related capacities unless they are provided with strong protection through indemnification
and insurance against the substantial and escalating risks of, and potential liability from, claims and actions arising out of their service to and activities on behalf of such corporations, which risks, absent such adequate protection, would far
outweigh the compensation and other benefits to such persons of serving as directors; 
 WHEREAS, although the Board of Directors of the
Corporation (the “Board”) has determined that, in order to attract and retain such persons to serve on the Board, the Corporation will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect
persons serving on the Board and in other related capacities from certain liabilities, the Board recognizes that such insurance may be available to it in the future only at higher premiums and with more exclusions from its coverage, which reduces
the value of such insurance to directors and increases the importance of indemnification by the Corporation to protect directors against such liabilities; 

WHEREAS, it is essential for the Corporation to be able to attract and retain the most capable persons available to serve on the Board, and
the uncertainties relating to such insurance and indemnification has increased the difficulty of attracting and retaining such persons; 

WHEREAS, in order to induce the most qualified persons to serve and continue to serve as directors of the Corporation, the Corporation desires
to provide directors with specific contractual assurance of their rights to full indemnification against litigation risks and expenses associated with their service as a director of the Corporation and in other related capacities regardless of,
among other things, any amendment to or revocation of the Corporation’s Certificate of Incorporation or By-laws or any change in the ownership of the Corporation or in the composition of the Board; 

WHEREAS, the Corporation intends that this Agreement will provide Director with greater protection than that which is provided by the
Corporation’s Certificate of Incorporation and By-laws, and that this Agreement shall supplement and be in furtherance of the By-laws of the Corporation and any
resolutions adopted pursuant thereto, as well as any rights of Director under any directors’ and officers’ liability insurance policy, and this Agreement shall not be deemed a substitute therefore, and shall not diminish or abrogate any
rights of Director thereunder; and 

 WHEREAS, Director is relying upon the rights afforded under this Agreement in deciding to
begin serving or continue to serve as a director of the Corporation. 
 NOW, THEREFORE, in consideration of the premises and covenants
contained herein, and in order to induce Director to serve as or to continue to serve as a director of the Corporation and in consideration of Director’s so serving, the Corporation and Director do hereby covenant and agree as follows: 

Section 1. Services to the Corporation. Director agrees to serve or continue to serve as a director of the Corporation and may
serve as a director, officer, employee, agent or fiduciary of one or more Covered Entities (as defined below). Director may at any time and for any reason resign from any such position (subject to any other contractual obligation or any obligation
imposed by operation of law), in which event the Corporation shall have no obligation under this Agreement to continue Director in any such position. This Agreement shall not be deemed an employment contract between Director and the Corporation (or
any Covered Entity). The foregoing notwithstanding, this Agreement shall continue in force after Director has ceased to serve as a director of the Corporation or otherwise ceased to have Corporate Status (as defined below). 

Section 2. Definitions. As used in this Agreement: 

(a) A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the
following events: 
 (i) Acquisition of Stock by Third Party. Unless explicitly approved by the Incumbent Board (as defined below),
any Person (as defined below) other than the Corporation, any subsidiary of the Corporation, or any employee benefit plan of the Corporation or of any of its subsidiaries or any Person holding common shares of the Corporation for or pursuant to the
terms of any such employee benefit plan, is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Corporation representing 30% or more of the combined voting power of the Corporation’s then outstanding
securities entitled to then vote generally in the election of directors of the Corporation; 
 (ii) Change in Board of Directors. A
change in the composition of the Board of Directors of the Corporation during any periods not longer than two consecutive years such that the individuals who, as of the beginning of such period, constitute the Board of Directors of the Corporation
(such Board of Directors shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of the Corporation; provided, however, for purposes of this clause
(ii), any individual who becomes a member of the Board of Directors of the Corporation subsequent to the date hereof whose election, or nomination for election by the Corporation’s shareholders, was approved by a vote of at least three quarters
of those individuals who are members of the Board of Directors of the Corporation and who were also members of the Incumbent Board (or deemed to be such pursuant to this provision) shall be considered as though such individual were a member of the
Incumbent Board; but, provided, further, that any such individual whose initial assumption of office occurs as a result of an actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board of Directors of
the Corporation shall not be so considered as a member of the Incumbent Board; or 

  
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 (iii) Corporation Transactions. The effective date of a merger or consolidation of
the Corporation with any other entity that is not a subsidiary or other affiliate of the Corporation, other than a merger or consolidation which would result in the voting securities of the Corporation outstanding immediately prior to such merger or
consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) greater than or equal to 50% of the combined voting power of the voting securities of the surviving entity
outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity (assuming for purposes of such determination that there is no
change in the record ownership of the Corporation’s securities from the record date for such approval until such reorganization and that such record owners hold no securities of the other parties to such reorganization, but including in such
determination any securities of the other parties to such reorganization held by affiliates of the Corporation); 
 (iv) Liquidation.
The dissolution or liquidation of the Corporation or the sale or disposition by the Corporation of all or substantially all of the Corporation’s business and/or assets to a person or entity that is not a subsidiary or other affiliate of the
Corporation; and 
 (v) Other Events. Unless the event is explicitly approved by the Incumbent Board, there occurs any event of a
nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Exchange Act, as hereinafter defined, regardless of
whether the Corporation is then subject to such reporting requirement. 
 Solely for purposes of this Section 2(a), the following terms
shall have the following meanings: 
 (A) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

(B) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act and, for greater clarity,
shall include, without limitation, any entity or “group” within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act; provided, however, that Person shall exclude (i) the Corporation, (ii) any trustee or other
fiduciary holding securities under an employee benefit plan of the Corporation, and (iii) any entity owned, directly or indirectly, by the shareholders of the Corporation in substantially the same proportions as their ownership of stock of the
Corporation. 
 (C) “Beneficial Owner” shall have the meaning given to such term in
Rule 13d-3 under the Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the shareholders of the Corporation approving a
merger, consolidation or other business combination of the Corporation with another entity. 

  
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 (b) “Corporate Status” describes the status of a person who is or was a
director, trustee, partner, managing member, officer, employee, agent or fiduciary of the Corporation or any Covered Entity. 
 (c)
“Covered Entity” shall mean the Corporation and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise (as well as any domestic or foreign predecessor
entity of each such entity in a merger, consolidation or other transaction) of which Director is, was or may be deemed to be serving at the request of the Corporation as a director, officer, employee, partner (limited or general), trustee, agent or
fiduciary. References to “serving at the request of the Corporation” shall include any service as a director, officer, employee, partner (limited or general), trustee, agent or fiduciary of a Covered Entity which imposes duties on, or
involves services by, such director, officer, employee, partner (limited or general), trustee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries. 

(d) “Disinterested Director” means a director of the Corporation who is not and was not a party to the Proceeding in respect
of which indemnification is sought by Director and does not otherwise have an interest materially adverse to any interest of Director. 
 (e)
“Disqualifying Conduct” means (i) acts were committed by Director in bad faith or were the result of active and deliberate dishonesty by Director and were material to the cause of action or (ii) that Director personally
gained in fact a financial profit or other advantage to which he was not legally entitled. 
 (f) “Expenses” shall include
all reasonable attorneys’ fees, retainers, court and arbitration costs, transcript costs, fees and other costs of experts and other professionals, witness fees, travel expenses, duplicating costs, printing and binding costs, scanning and data
processing charges, electronic legal research and other database charges, telephone charges, postage, delivery service fees, and all other disbursements, obligations or expenses of the types customarily incurred in connection with, or as a result
of, prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a deponent or witness in, or otherwise participating in, a Proceeding. Expenses also shall include (i) Expenses incurred in connection with
any appeal resulting from any Proceeding, including the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, (ii) Expenses incurred in connection with recovery under any
directors’ and officers’ liability insurance policies maintained by the Corporation, regardless of whether Director is ultimately determined to be entitled to such indemnification, advancement or Expenses or insurance recovery, as the case
may be, and (iii) for purposes of Section 12(d) only, Expenses incurred by Director in connection with the interpretation, enforcement or defense of Director’s rights under this Agreement, the Certificate of Incorporation, the By-laws or under any directors’ and officers’ liability insurance policies maintained by the Corporation by litigation or otherwise. Expenses, however, shall not include amounts paid in settlement by
Director or the amount of judgments or fines (including any excise tax assessed with respect to any employee benefit plan) against Director. 

  
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 (g) “Independent Counsel” means a law firm, or a member of a law firm, that
is experienced in matters of corporation law and that neither presently is, nor in the past five years has been, retained to represent any of the following: (i) the Corporation or Director in any matter material to either such party (other than
with respect to matters concerning Director under this Agreement, or of other Directors 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 Corporation or Director in
an action to determine Director’s rights under this Agreement. The Corporation agrees 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. 
 (h) “Losses”
means Expenses, judgments, costs, fines (including any excise tax assessed with respect to any employee benefit plan) and amounts paid in settlement actually incurred by Director (net of any related insurance proceeds or other indemnification
payments received by Director or paid on Director’s behalf as described in Section 7(a)). 
 (i) “Potential Change in
Control” shall be deemed to have occurred if (i) the Corporation enters into an agreement or arrangement, the consummation of which would result in the occurrence of a Change in Control; (ii) any person (including the Corporation)
publicly announces an intention to take or to consider taking actions that, if consummated, would constitute a Change in Control; (iii) unless explicitly approved by the Incumbent Board, any Person other than the Corporation, any subsidiary of
the Corporation, or any employee benefit plan of the Corporation or of any of its subsidiaries or any Person holding common shares of the Corporation for or pursuant to the terms of any such employee benefit plan, is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Corporation representing 20% or more of the combined voting power of the Corporation’s then outstanding securities entitled to then vote generally in the election of directors of the Corporation; or
(iv) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 

(j) “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute
resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Corporation or otherwise and whether of a civil, criminal, administrative, legislative,
regulatory or investigative nature, including any appeal therefrom, in which Director was, is or may be involved as a party or otherwise by reason of Director’s Corporate Status or by reason of any action taken by him or of any action or
omission on his part in connection with Director’s Corporate Status, in each case regardless of whether Director retains Corporate Status at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement
of expenses can be provided under this Agreement. However, a “Proceeding” does not include an action, suit or proceeding initiated by Director to enforce his rights under this Agreement. 

  
 5 

 Section 3. Indemnification. The Corporation shall indemnify Director and hold
Director harmless against any and all Losses in connection with any present or future threatened, pending or completed Proceeding, regardless of whether such Proceeding is by or in the right of the Corporation, based upon, arising from, relating to,
or by reason of Director’s Corporate Status; provided, that no indemnification pursuant to this Section 3 may be made to Director or on Director’s behalf with respect to a Proceeding if a final judgment or other final
adjudication adverse to Director establishes that Director engaged in Disqualifying Conduct with respect to the claims, issues and matters in such Proceeding. 

Section 4. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of
this Agreement, to the fullest extent permitted by applicable law and to the extent that Director is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in the defense of any claim, issue or matter
therein, in whole or in part, the Corporation shall indemnify Director against all Expenses actually and reasonably incurred by him in connection therewith. If Director is not wholly successful in such Proceeding, but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Corporation shall indemnify Director against all Expenses reasonably incurred in connection with each successfully resolved claim, issue or matter and
each claim, issue, or matter related to each successfully resolved claim, issue or matter. For purposes of this Section 4 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without
prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 Section 5. Indemnification For Expenses
of a Witness. Notwithstanding any other provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Director, by reason of his Corporate Status, is a witness, is made (or asked) to respond to discovery
requests or is otherwise asked to participate in any Proceeding to which Director is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

Section 6. Additional Indemnification. 

(a) Notwithstanding any limitation in Sections 3 or 4, the Corporation shall indemnify Director to the fullest extent permitted by applicable
law if Director is, or threatened to be made, a party to or a participant in any Proceeding (including a Proceeding by or in the right of the Corporation to procure a judgment in its favor) against all Losses of Director in connection with the
Proceeding. 
 (b) For purposes of this Agreement, the meaning of the phrase “to the fullest extent permitted by applicable
law” shall include the following: 
 (i) to the fullest extent permitted by the provision of the New York Business Corporation Law
(“NYBCL”) that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the NYBCL; and 

(ii) to the fullest extent authorized or permitted by any amendments to or replacements of the NYBCL adopted after the date of this Agreement
that increase the extent to which a corporation may indemnify its officers and directors. 

  
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 Section 7. Exclusions. Notwithstanding any provision in this Agreement, the
Corporation shall not be obligated under this Agreement to make any indemnity or advance in connection with any claim made against Director: 

(a) for which payment has actually been made to or for the account of Director under any insurance policy, other indemnity provision, contract
or agreement, except with respect to any excess beyond the amount paid to Director under any insurance policy, other indemnity provision, contract or agreement; 

(b) for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by Director of securities of the Corporation
that did, in fact, violate Section 16(b) of the Exchange Act, (ii) any reimbursement of the Corporation by Director of any bonus or other incentive-based or equity-based compensation or of any profits realized by Director from the sale of
securities of the Corporation, as required in each case under the Exchange Act or (iii) any reimbursement of the Corporation by Director of any compensation pursuant to any compensation recoupment or clawback policy adopted by the Board or the
compensation committee of the Board, including but not limited to any such policy adopted to comply with stock exchange listing requirements implementing Section 10D of the Exchange Act; 

(c) except as otherwise provided in Section 12(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding)
initiated by Director, including any Proceeding (or any part of any Proceeding) initiated by Director against the Corporation or its directors, officers, employees or other Directors, unless (i) the Board of Directors of the Corporation
authorized the Proceeding (or any part of any Proceeding) prior to its initiation, (ii) such payment arises in connection with any mandatory counterclaim or cross claim brought or raised by Director in any Proceeding (or any part of any
Proceeding) or (iii) the Corporation provides the indemnification, in its sole discretion, pursuant to the powers vested in the Corporation under applicable law; or 

(d) for which such indemnity or advance is prohibited by applicable law; provided, however, that in the event that the Corporation is advised,
in a written opinion of its regular outside legal counsel, that the Corporation’s performance of any provision of this Agreement would violate Section 13(k) of the Exchange Act, then the parties agree to revise and replace such provision
in a manner that will result in a new provision that does not violate such provision and the legal effect of which comes as close as possible to what the parties had intended to achieve with the original provision. 

Section 8. Advances of Expenses. Notwithstanding any provision of this Agreement to the contrary, the Corporation shall advance,
to the extent not prohibited by law, the Expenses incurred by or on behalf of Director (or reasonably expected to be incurred by Director during the six months following any such request) in connection with any Proceeding, and such advancement shall
be made within 30 days after the receipt by the Corporation of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free.
Advances shall be made without regard to Director’s ability to repay the amounts advanced and without regard to Director’s ultimate entitlement to indemnification under the other provisions of this Agreement.

  
 7 

 
Advances shall include any and all reasonable Expenses incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the
Corporation to support the advances claimed. The Director shall qualify for advances upon the execution and delivery to the Corporation of this Agreement, which shall constitute an undertaking providing that Director undertakes to repay the advance
(without interest) by the Corporation pursuant to this Section 8, if and only to the extent that it is ultimately determined that Director is not entitled to be indemnified by the Corporation. This Section 8 shall not apply to any claim
made by Director for which indemnity is excluded pursuant to Section 7. 
 Section 9. Procedure for Notification and Defense of
Claim. 
 (a) Director shall notify the Corporation in writing of any matter with respect to which Director intends to seek
indemnification or advancement of Expenses hereunder as soon as reasonably practicable following the receipt by Director of written notice thereof. The written notification to the Corporation shall include a description of the nature of the
Proceeding and the facts underlying the Proceeding. To obtain indemnification under this Agreement, Director shall submit to the Corporation a request, including therein or therewith such documentation and information as is reasonably available to
Director and is reasonably necessary to determine whether and to what extent Director is entitled to indemnification following the final disposition of such action, suit or proceeding. The omission by Director to notify the Corporation hereunder
will not relieve the Corporation from any liability which it may have to Director hereunder or otherwise than under this Agreement, and any delay in so notifying the Corporation shall not constitute a waiver by Director of any rights under this
Agreement. The Secretary of the Corporation shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Director has requested indemnification. 

(b) The Corporation will be entitled to participate in the Proceeding at its own expense. 

(c) In the event the Corporation may be obligated to make any indemnity in connection with a Proceeding, Director shall have the express right
to retain legal counsel of its choice to represent Director’s interests in connection with said Proceeding, and the Corporation shall advance to Director in accordance with the terms of this Agreement the Expenses incurred by Director in
connection therewith. If the Corporation and Director conclude that it would not create any conflict of interest, Director may, in his sole discretion, request that the Corporation’s legal counsel assume the representation of Director in
connection with the Proceeding, and the Corporation shall grant said request and bear all of the attorneys’ fees and costs of said representation. 

(d) The Corporation shall not settle any Proceeding (in whole or in part) if such settlement would impose any Expense, judgment, liability,
fine, penalty or limitation on Director in respect of which Director is not entitled to be indemnified hereunder without Director’s prior written consent, which shall not be unreasonably withheld. 

  
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 Section 10. Procedure Upon Application for Indemnification. 

(a) Upon written request by Director for indemnification pursuant to the first sentence of Section 9(a), a determination, if required by
applicable law or this Agreement, with respect to Director’s entitlement thereto shall be made in the specific case: 
 (i) if a
Potential Change in Control or a Change in Control shall have occurred, by Independent Counsel selected in accordance with Section 10(b) in a written opinion to the Board, a copy of which shall be delivered to Director; or 

(ii) if neither a Potential Change in Control nor a Change in Control shall have occurred, in the following manner: 

(A) by the Board acting by a quorum of Disinterested Directors; or 

(B) if such a quorum is not obtainable or, even if obtainable, a quorum of Disinterested Directors so directs, (x) by the Board upon the
opinion in writing of Independent Counsel selected in accordance with Section 10(b), or (y) by the shareholders of the Corporation. 
 If it is so
determined that Director is entitled to indemnification, payment to Director shall be made within ten days after such determination. Director shall cooperate with the person, persons or entity making such determination with respect to
Director’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information that is not privileged or otherwise protected from disclosure and that is
reasonably available to Director and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred by or on behalf of Director in so cooperating with the person, persons or entity
making such determination shall be borne by the Corporation (irrespective of the determination as to Director’s entitlement to indemnification) and the Corporation hereby indemnifies and agrees to hold Director harmless therefrom. 

(b) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(a)
hereof, the Independent Counsel shall be selected as provided in this Section 10(b). If neither a Potential Change in Control or a Change in Control shall have occurred, the Independent Counsel shall be selected by the Board, and the
Corporation shall give written notice to Director advising him of the identity of the Independent Counsel so selected. If a Potential Change in Control or a Change in Control shall have occurred, the Independent Counsel shall be selected by Director
(unless Director shall request that such selection be made by the Board, in which event the preceding sentence shall apply), and Director shall give written notice to the Corporation advising it of the identity of the Independent Counsel so
selected. In either event, Director or the Corporation, as the case may be, may, within ten days after such written notice of selection shall have been given, deliver to the Corporation or to Director, 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 2, 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. 

  
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If such written objection is so made, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court or an arbitrator has
determined that such objection is without merit. If, within 20 days after the later of submission by Director of a written request for indemnification pursuant to Section 10(a) hereof or the final disposition of the Proceeding, no Independent
Counsel shall have been selected and not objected to, either the Corporation or Director may petition a court of competent jurisdiction or commence an arbitration before a single arbitrator pursuant to the Commercial Arbitration Rules of the
American Arbitration Association for resolution of any objection that shall have been made by the Corporation or Director to the other’s selection of Independent Counsel or for the appointment as Independent Counsel of a person selected by such
court or arbitrator or by such other person as such court or arbitrator 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 10(a) hereof.
Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a), Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of
professional conduct then prevailing). 
 (c) If the Corporation disputes a portion of the amounts for which indemnification is requested,
the undisputed portion shall be paid and only the disputed portion withheld pending resolution of any such dispute. 
 Section 11.
Presumptions and Effect of Certain Proceedings. 
 (a) In making a determination with respect to entitlement to indemnification
hereunder, the person or entity making such determination shall, to the fullest extent permitted by law, presume that Director is entitled to indemnification under this Agreement if Director has submitted a request for indemnification in accordance
with Section 9(a), and the Corporation shall, to the fullest extent permitted by law, have the burden of proof, by a preponderance of the evidence, to overcome that presumption in connection with the making by any person, persons or entity of
any determination contrary to that presumption. Neither the failure of the Corporation (including by its directors or Independent Counsel) to have made a determination prior to the commencement of any action or arbitration pursuant to this Agreement
that indemnification is proper in the circumstances because indemnification of Director is not barred pursuant to the provisions of this Agreement or otherwise, nor an actual determination by the Corporation (including by its directors or
Independent Counsel) that indemnification of Director is barred pursuant to the provisions of this Agreement or otherwise, shall be a defense to such action or arbitration or create a presumption that Director is not entitled to indemnification. The
termination of any Proceeding or any claim, issue or matter therein by judgment, settlement, conviction or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Director engaged in Disqualifying Conduct. 

(b) Subject to Section 12(e), if the person, persons or entity empowered or selected under Section 10 to determine whether Director
is entitled to indemnification shall not have made a determination within 60 days (or 30 days if the request was for an advance) after receipt by the Corporation of the request therefor, the requisite determination of entitlement to indemnification
shall, to the fullest extent permitted by law, be deemed to have been made and Director shall be entitled to such indemnification, absent (i) a misstatement by Director of a 

  
 10 

 
material fact, or an omission of a material fact necessary to make Director’s statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the person, persons or entity
making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation or information relating thereto; and provided, further, that the foregoing
provisions of this Section 11(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by the shareholders pursuant to Section 10(a) and if (A) within 15 days after receipt by the Corporation of
the request for such determination the Board of Directors has resolved to submit such determination to the shareholders for their consideration at an annual meeting thereof to be held within 75 days after such receipt and such determination is made
thereat, or (B) a special meeting of shareholders is called within 15 days after such receipt for the purpose of making such determination, such meeting is held for such purpose within 60 days after having been so called and such determination
is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(a). 

(c) For purposes of any determination of whether Director acted in bad faith, Director shall be deemed to have acted in good faith if Director
acted in reliance on the records or books of account of a Covered Entity, including financial statements, or on information supplied to Director by the officers of a Covered Entity in the course of their duties, or on the advice of legal counsel for
the Covered Entity or on information or records given or reports made to the Covered Entity by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Covered Entity. The provisions of this
Section 11(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Director may be deemed to be entitled to indemnification. 

(d) A person who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries
of an employee benefit plan shall be deemed not to have acted in “bad faith” as referred to in this Agreement. 
 (e) For purposes
of determining whether Director personally gained in fact a financial profit or other advantage to which he was not legally entitled, to the fullest extent permitted by law, such determination shall be based upon whether Director actually received
an improper personal benefit in money, property or services. 
 (f) The knowledge or actions, or failure to act, of any director, officer,
trustee, partner, managing member, fiduciary, agent or employee of the Covered Entity shall not be imputed to Director for purposes of determining the right to indemnification under this Agreement. 

Section 12. Remedies of Director. 

(a) Subject to Section 12(c), in the event that (i) a determination is made pursuant to Section 10 that Director is not
entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10(a) within 90
days (or 

  
 11 

 
30 days if the request was for an advance) after receipt by the Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 4 or 5 or
the last sentence of Section 10(a) within ten days after receipt by the Corporation of a written request therefor, (v) payment of indemnification pursuant to Section 3 or 6 is not made within ten days after a determination has been
made that Director is entitled to indemnification, or (vi) the Corporation or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding
designed to deny, or to recover from, Director the benefits provided or intended to be provided to Director hereunder, Director shall be entitled to an adjudication by a court of his entitlement to such indemnification or advancement of Expenses.
Alternatively, Director, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Director shall commence such proceeding seeking an
adjudication or an award in arbitration within 180 days following the date on which Director first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause shall not apply in respect
of a proceeding brought by Director to enforce his rights under Section 5. The Corporation shall not oppose Director’s right to seek any such adjudication or award in arbitration. 

(b) In the event that a determination shall have been made pursuant to Section 10(a) that Director is not entitled to indemnification, any
judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Director shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12 the Corporation shall have the burden of proving by a preponderance of the evidence that Director is not entitled to indemnification or advancement
of Expenses, as the case may be. 
 (c) If a determination shall have been made pursuant to Section 10(a) that Director is entitled to
indemnification, the Corporation shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Director of a material fact, or an omission of a material
fact necessary to make Director’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d) The Corporation shall, to the fullest extent permitted by law, be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Corporation is bound by all the
provisions of this Agreement. It is the intent of the Corporation that Director not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or defense of Director’s rights under this Agreement by
litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Director hereunder. The Corporation shall, to the fullest extent permitted by law, indemnify Director against any
and all Expenses and, if requested by Director, shall (within 10 days after receipt by the Corporation of a written request therefor) advance, to the extent not prohibited by law, such expenses to Director, which are incurred by or on behalf of
Director in connection with any action brought by Director for indemnification or advance of Expenses from the Corporation under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the
Corporation, regardless of whether Director ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be. 

  
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 (e) Notwithstanding anything in this Agreement to the contrary, no determination as to
entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding, whether by settlement or otherwise. 

(f) During the interval between the Corporation’s receipt of Director’s request for indemnification and the later to occur of
(a) payment in full to Director of such indemnification, or (b) a final determination (if required) pursuant to Sections 10 and 11 that Director is not entitled to indemnification, the Corporation shall protect Director against loss
which, for purposes of this Agreement, shall mean the taking of the necessary steps (regardless of whether such steps require expenditures to be made by the Corporation at that time) to stay, pending a final determination of Director’s
entitlement to indemnification (and, if Director is so entitled, the payment thereof), the execution, enforcement or collection of any judgments, penalties, fines (including any excise tax assessed with respect to any employee benefit plan) or any
other amounts for which Director may be liable in order to avoid his being or becoming in default with respect to any such amounts (such necessary steps to include, but not be limited to, the procurement of a surety bond to achieve such stay),
within five business days after receipt of Director’s written request therefor, together with a written undertaking by Director to repay, no later than 60 days following receipt of a statement therefor from the Corporation, amounts (if any)
expended by the Corporation for such purpose, if it is ultimately determined (if such determination is required) pursuant to Sections 10 and 11 that Director is not entitled to be indemnified against such judgments, penalties, fines (including
any excise tax assessed with respect to any employee benefit plan) or other amounts. 
 Section 13.
Non-exclusivity; Survival of Rights; Insurance; Subrogation. 
 (a) The rights of
indemnification and to receive advancement of Expenses as provided by this Agreement (i) shall not be deemed exclusive of any other rights to which Director may at any time be entitled under applicable law, the Corporation’s Certificate of
Incorporation, the Corporation’s By-laws, the organizational and governing documents of any Covered Entity, any agreement, a vote of shareholders or a resolution of directors, or otherwise and
(ii) shall be interpreted independently of, and without reference to, any other such rights to which Director may at any time be entitled. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict
any right of Director under this Agreement in respect of any action taken or omitted by such Director in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in New York law, whether by statute or judicial
decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Corporation’s Certificate of Incorporation, By-laws and this Agreement, it is the intent of
the parties hereto that Director shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy. 

  
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 (b) For the duration of Director’s service as a director, officer or employee of the
Corporation or as a director, officer, employee, administrator, trustee, agent, partner, manager, member or fiduciary of any other Covered Entity, and thereafter for so long as Director shall be subject to any pending or possible Proceeding, the
Corporation shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability
insurance providing coverage for directors and/or officers of the Corporation or any other Covered Entity that is at least substantially comparable in scope and amount to that provided by the Corporation’s current policies of directors’
and officers’ liability insurance. The minimum AM Best rating for the insurance carriers of such insurance carrier shall be not less than A- VI. The Corporation shall provide Director with a copy of all
directors’ and officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials, and shall provide Director with a reasonable opportunity to review and comment on the same. Without
limiting the generality or effect of the requirement to use commercially reasonable efforts to obtain insurance and give directors the chance to review the proposal, the Corporation shall not discontinue or significantly reduce the scope or amount
of coverage from one policy period to the next without the prior approval thereof by a majority vote of the directors, even if less than a quorum. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Corporation
has director and officer liability insurance in effect, the Corporation shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Corporation shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Director, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

(c) In the event of any payment made by the Corporation under this Agreement, the Corporation shall be subrogated to the extent of such payment
to all of the rights of recovery of Director, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Corporation to bring suit to enforce such
rights. 
 (d) The Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (or
for which advancement is provided hereunder) if and to the extent that Director has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

(e) The Corporation’s obligation to provide indemnification or advancement hereunder to Director who is or was serving at the request of
the Corporation shall be reduced by any amount Director has actually received as indemnification or advancement from any Covered Entity. 

Section 14. Settlement of Claims. The Corporation shall not be liable to Director under this Agreement for any amounts paid in
settlement of any present or future threatened, pending or completed Proceeding based upon, arising from, relating to, or by reason of Director’s Corporate Status without the Corporation’s prior written consent, which shall not be
unreasonably withheld; provided, however, that if a Potential Change in Control or a Change in Control has occurred, the Corporation shall be liable for indemnification of the Director for amounts paid in settlement if Independent Counsel has
approved the settlement. The Corporation shall not settle any such Proceeding in any manner that would impose any Losses on the Director without the Director’s prior written consent. 

  
 14 

 Section 15. Establishment of Trust. In the event of a Potential Change in
Control or a Change in Control, to the extent permitted by law, the Corporation shall, upon written request by Director, create a trust for the benefit of Director and, from time to time upon written request of Director, shall fund such trust in an
amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in and defending any Proceeding, and any and all judgments,
fines, penalties and settlement amounts of any and all Proceedings from time to time actually paid or claimed, reasonably anticipated or proposed to be paid. The amount or amounts to be deposited in the trust pursuant to the foregoing funding
obligation shall be determined by Independent Counsel. The terms of the trust shall provide that upon a Potential Change in Control or a Change in Control (i) the trust shall not be revoked or the principal thereof invaded, without the written
consent of Director, (ii) the trustee shall advance, within ten business days of a request by Director, any and all Expenses to Director (and Director hereby agrees to reimburse the trust under the circumstances under which Director would be
required to reimburse the Corporation under Section 8 of this Agreement), (iii) the trust shall continue to be funded by the Corporation in accordance with the funding obligation set forth above, (iv) the trustee shall promptly pay to
Director all amounts for which Director shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in such trust shall revert to the Corporation upon a final determination by Independent Counsel
or a court of competent jurisdiction, as the case may be, that Director has been fully indemnified under the terms of this Agreement. The trustee shall be a bank, trust company or other financial institution chosen by Director. Nothing in this
Section 15 shall relieve the Corporation of any of its obligations under this Agreement. All income earned on the assets held in the trust shall be reported as income by the Corporation for federal, state, local, and foreign tax purposes. The
Corporation shall pay all costs of establishing and maintaining the trust and shall indemnify the trustee against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this
Agreement or the establishment and maintenance of the trust. 
 Section 16. Contribution. To the fullest extent permissible
under applicable law, if the indemnification provided for in this Agreement is unavailable to Director for any reason whatsoever, then the Corporation, in lieu of indemnifying Director, shall contribute to the Losses incurred by Director 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 (a) the relative benefits
received by the Covered Entities (and their directors, officers, employees and agents other than Director), on one hand, and Director, on the other hand, as a result of the events or transactions giving cause to such Proceeding, or (b) if the
allocation described in clause (a) above is not permitted by applicable law, the relative fault of the Covered Entities (and their directors, officers, employees and agents other than Director), on one hand, and Director, on the other hand, in
connection with such events or transactions. The relative fault of the Covered Entities (and their directors, officers, employees and agents other than Director), on one hand, and Director, on the other hand, in connection with the events or
transactions giving cause to such Proceeding shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or
secondary, and the degree to which their conduct is active or passive. 

  
 15 

 
The relative benefits received by the Covered Entities (and their directors, officers, employees and agents other than Director), on one hand, and Director, on the other hand, in connection with
the events or transactions giving cause to such Proceeding shall be limited to direct and indirect financial benefits actually derived by the applicable person, his designees or his intended beneficiaries from the action or inaction in connection
with the events or transactions giving cause to such Proceeding, and shall not include any non-financial benefits or any benefits that were not actually received by the applicable person, his designees or his
intended beneficiaries. 
 Section 17. Retroactive Effect; Binding Agreement. 

(a) All agreements and obligations of the Corporation contained herein shall commence upon the date that Director first became a director of
the Corporation, shall continue during the period of Director’s Corporate Status and shall continue thereafter so long as Director shall be subject to any possible Proceeding by reason of Director’s Corporate Status. In this regard, the
provisions contained herein are intended to be retroactive and the full benefits hereof shall be available in respect of any alleged or actual occurrences, acts or failures to act that occurred prior to the date hereof. 

(b) This Agreement shall be binding upon the Corporation and its successors and assigns. The Corporation 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 Corporation, by agreement in form and substance reasonably satisfactory to Director, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform if no such succession had taken place. To the extent that the Corporation maintains one or more insurance policies providing liability
insurance for the directors and officers of the Corporation, upon any Change of Control, the Corporation shall use commercially reasonable efforts to obtain or arrange for continuation or “tail” coverage for Director to the maximum extent
obtainable at such time; provided, however, that in no event shall the Corporation be required to expend an amount in excess of 300% of the annual amount paid by the Corporation at the time of such Change of Control for such insurance. 

(c) This Agreement shall inure to the benefit of and be enforceable by Director’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. Without limiting the generality of the preceding sentence, if Director should die while any amounts would still be payable to him hereunder if he had continued to live, all such
amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Director’s devisee, legatee, or other designee, or if there be no such designee, to his estate. 

Section 18. Severability; Invalidity. Nothing in this Agreement is intended to require or shall be construed as requiring the
Corporation to do or fail to do any act in violation of applicable law. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever (i) the validity, legality and
enforceability of the remaining provisions of this Agreement (including 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 and 

  
 16 

 
shall remain enforceable to the fullest extent permitted by law, (ii) 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 (iii) to the fullest extent possible, the provisions of this Agreement (including 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. 

Section 19. Entire Agreement. 

(a) The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Director to serve or continue to serve as a director of the Corporation, and the Corporation acknowledges that Director is relying upon this Agreement in serving or continuing to serve as a director of the Corporation and having
Corporate Status with respect to any Covered Entity. 
 (b) This Agreement constitutes the entire agreement between the parties hereto with
respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to
and in furtherance of the Certificate of Incorporation of the Corporation, the By-laws of the Corporation, any directors’ and officers’ insurance maintained by the Corporation and applicable law, and
shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Director thereunder. 
 Section 20.
Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No amendment, alteration or repeal of this Agreement shall adversely affect any right of
Director under this Agreement in respect of any action taken or omitted by such Director in his or her Corporate Status prior to such amendment, alteration or repeal. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 
 Section 21.
Notice by Director. Director agrees promptly to notify the Corporation in writing 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 covered hereunder. The failure of Director to so notify the Corporation shall not relieve the Corporation of any obligation which it may have to Director under this Agreement or otherwise. 

Section 22. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be
deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third
business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed, (d) sent by facsimile transmission, with
receipt of oral confirmation that such transmission has 

  
 17 

 
been received or (e) sent via electronic mail, upon confirmation of delivery when directed to the relevant electronic mail address if sent during normal business hours of recipient, or if
not sent during normal business hours of the recipient, then on the recipient’s next business day: 
 (i) If to Director, at the
address, fax number or electronic mail address indicated on the signature page of this Agreement, or such other address as Director shall provide to the Corporation; and 

(ii) If to the Corporation, at the address, fax number or electronic mail address indicated on the signature page of this Agreement, or at such
other address or fax number as may have been furnished to Director by the Corporation. 
 Section 23. Applicable Law and Consent to
Jurisdiction. 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 New York, without regard to its conflict of laws rules. Except with respect to
any arbitration commenced by Director pursuant to Section 10(b), the Corporation and Director hereby irrevocably and unconditionally (a) agree that any action or proceeding arising out of or in connection with this Agreement shall be
brought only in the Supreme Court of the State of New York (the “Designated Court”), and not in any other state or federal court in the United States of America or any court in any other country, (b) consent to submit to the
exclusive jurisdiction of the Designated Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (c) waive any objection to the laying of venue of any such action or proceeding in the Designated
Court, and (d) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Designated Court has been brought in an improper or inconvenient forum. 

Section 24. Identical 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. Facsimile or other electronically-transmitted signatures shall be treated as originals and shall bind the signatories to the terms of this
Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

Section 25. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine or neuter pronoun where
appropriate. Use of the plural nouns shall be deemed to include usage of the singular form of such noun where appropriate. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall
be deemed to be followed by the words “without limitation.” Unless otherwise indicated, references in this Agreement to any “Section” shall be deemed to refer to the indicated Section of this Agreement. The headings set forth in
this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day
and year first above written. 
  

			
	COMPUTER TASK GROUP, INCORPORATED
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	
	
	Fax Number:
	
	E-mail Address:

  

			
	DIRECTOR
		
	By:	 	  

		
	Name:	 	
		
	Address:	 	  

		 	  

		 	  

		
	Fax Number:	 	  

		
	E-mail Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]