Document:

Filed by Bowne Pure Compliance

Exhibit 10.2

[officer]

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (“Agreement”) is made and entered into as of
 _____ 
, 2008
by and between Quanex Building Products Corporation, a Delaware corporation (the “Corporation”),
and                      (“Indemnitee”). This Agreement supersedes and replaces any and all previous
Agreements between the Corporation and Indemnitee covering the subject matter of this Agreement.

RECITALS

WHEREAS, highly competent persons have become more reluctant to serve publicly-held
corporations as directors and officers or in other capacities unless they are provided with
adequate protection through insurance or adequate indemnification against inordinate risks of
claims and actions against them arising out of their service to and activities on behalf of the
corporation;

WHEREAS, the Board of Directors of the Corporation (the “Board”) has determined that, in order
to attract and retain qualified individuals, the Corporation will attempt to maintain on an ongoing
basis, at its sole expense, liability insurance to protect persons serving the Corporation and its
subsidiaries from certain liabilities. Although the furnishing of such insurance has been a
customary and widespread practice among United States-based corporations and other business
enterprises, the Corporation believes that, given current market conditions and trends, such
insurance may be available to it in the future only at higher premiums and with more exclusions.
At the same time, directors, officers, and other persons in service to corporations or business
enterprises are being increasingly subjected to expensive and time-consuming litigation relating
to, among other things, matters that traditionally would have been brought only against the
Corporation or business enterprise itself. Article XI of the By-laws of the Corporation requires
indemnification of the officers and directors of the Corporation. Indemnitee may also be entitled
to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”).
The By-laws and the DGCL expressly provide that the indemnification provisions set forth therein
are not exclusive, and thereby contemplate that contracts may be entered into between the
Corporation and members of the board of directors, officers and other persons with respect to
indemnification;

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased
the difficulty of attracting and retaining such persons;

WHEREAS, the Board has determined that the increased difficulty in attracting and retaining
such persons is detrimental to the best interests of the Corporation and its stockholders and that
the Corporation 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 Corporation contractually to obligate
itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent
permitted by applicable law so that they will serve or continue to serve the Corporation free from
undue concern that they will not be so indemnified;

WHEREAS, this Agreement is a supplement to and in furtherance of Article XI of the By-laws of
the Corporation and any rights granted under the Certificate of Incorporation of the Corporation
and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder;

 

 

 

WHEREAS, Indemnitee is willing to serve as an officer of the Corporation, and the Corporation
desires Indemnitee to serve in such capacity and is willing to indemnify Indemnitee as described
hereunder; and

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

Section 1. Services to the Corporation. Indemnitee agrees to serve as an officer of
the Corporation and, at the request of the Corporation, as a director, officer, employee, or agent
of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise. Indemnitee may at any time and for any reason resign or be removed from 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 Indemnitee in
such position. This Agreement shall not be deemed an employment contract between the Corporation
(or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee specifically
acknowledges that Indemnitee’s employment with the Corporation (or any of its subsidiaries or any
Enterprise), if any, is at will, and the Indemnitee may be discharged at any time for any reason,
with or without cause, except as may be otherwise provided in any written employment contract
between Indemnitee and the Corporation (or any of its subsidiaries or any Enterprise), other
applicable formal severance policies duly adopted by the Board, or, with respect to service as an
officer of the Corporation, by the Corporation’s Certificate of Incorporation, the Corporation’s
By-laws, and the DGCL. The foregoing notwithstanding, this Agreement shall continue in force after
Indemnitee has ceased to serve as an officer of the Corporation.

Section 2. Definitions. As used in this Agreement:

(a) References to “agent” shall mean any person who is or was a director, officer, or employee
of the Corporation or a Subsidiary of the Corporation or other person authorized by the Corporation
to act for the Corporation, to include such person serving in such capacity as a director, officer,
employee, fiduciary or other official of another corporation, partnership, limited liability
company, joint venture, trust or other Enterprise at the request of, for the convenience of, or to
represent the interests of the Corporation or a Subsidiary of the Corporation.

(b) 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. Any Person (as defined below) is or becomes the
Beneficial Owner (as defined below), directly or indirectly, of securities of the Corporation
representing thirty-five percent (35%) or more of the combined voting power of the Corporation’s
then outstanding securities, without prior approval of at least two-thirds members of the Board of
Directors in office immediately prior to such person attained such percentage interest;

ii. Change in Board of Directors. During any period of two (2) consecutive years (not
including any period prior to the execution of this Agreement), individuals who at the beginning of
such period constitute the Board, and any new director (other than a director designated by a
person who has entered into an agreement with the Corporation to effect a transaction described in
Sections 2(b)(i), 2(b)(iii) or 2(b)(iv)) whose election by the Board or nomination for election by
the Corporation’s stockholders was approved by a vote of at least two-thirds of the directors then
still in office who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute at least a
majority of the members of the Board;

 

-2-

 

iii. Corporate Transactions. The effective date of a merger or consolidation of the
Corporation with any other entity, 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) more than 51% 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;

iv. Liquidation. The approval by the stockholders of the Corporation of a complete
liquidation of the Corporation or an agreement for the sale or disposition by the Corporation of
all or substantially all of the Corporation’s assets; and

v. Other Events. There occurs any other event of a nature that would be required to be
reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar
item on any similar schedule or form) promulgated under the Exchange Act (as defined below),
whether or not the Corporation is then subject to such reporting requirement.

For purposes of this Section 2(b), the following terms shall have the following meanings:

(A) “Exchange Act” shall mean the Securities Exchange Act of
1934, as amended from time to time.

(B) “Person” shall have the meaning as set forth in Sections
13(d) and 14(d) 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 corporation owned, directly or
indirectly, by the stockholders 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 stockholders of the Corporation
approving a merger of the Corporation with another entity.

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

(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 Indemnitee.

 

-3-

 

(e) “Enterprise” shall mean the Corporation and any other corporation, limited liability
company, partnership, joint venture, trust, employee benefit plan or other enterprise of which
Indemnitee is or was serving at the request of the Corporation as a director, officer, employee,
agent or fiduciary.

(f) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, any federal, state, local or
foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments
under this Agreement, ERISA excise taxes and penalties, and all other disbursements or expenses of
the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or
defend, investigating, being or preparing to be a witness in, or otherwise participating in, a
Proceeding. Expenses also shall include (i) Expenses incurred in connection with any appeal
resulting from any Proceeding, including without limitation the premium, security for, and other
costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii)
for purposes of Section 14(d) only, Expenses incurred by Indemnitee in connection with the
interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation
or otherwise. The parties agree that for the purposes of any advancement of Expenses for which
Indemnitee has made written demand to the Corporation in accordance with this Agreement, all
Expenses included in such demand that are certified by affidavit of Indemnitee’s counsel as being
reasonable shall be presumed conclusively to be reasonable. Expenses, however, shall not include
amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

(g) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years has been, retained
to represent: (i) the Corporation or Indemnitee in any matter material to either such party (other
than with respect to matters concerning the Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding
giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the
Corporation or Indemnitee in an action to determine Indemnitee’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) The term “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, 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, or
investigative (formal or informal) nature, including any appeal therefrom, in which Indemnitee was,
is or will be involved as a party, potential party, non-party witness or otherwise by reason of the
fact that Indemnitee is or was a director or officer of the Corporation, by reason of any action
taken by him or of any action on his part while acting as director or officer of the Corporation,
or by reason of the fact that he is or was serving at the request of the Corporation as a director,
officer, employee or agent of another corporation, limited liability company, partnership, joint
venture, trust or other enterprise, in each case whether or not serving in such capacity at the
time any liability or expense is incurred for which indemnification, reimbursement, or advancement
of expenses can be provided under this Agreement. If the Indemnitee believes in good faith that a given situation may lead to or culminate in the institution of a
Proceeding, this shall be considered a Proceeding under this paragraph.

 

-4-

 

(i) Reference to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise tax assessed with respect to any employee benefit plan; references
to “serving at the request of the Corporation” shall include any service as a director, officer,
employee or agent of the Corporation which imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan, its participants or
beneficiaries; and 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 to have acted in manner “not opposed to the best interests of the Corporation” as referred
to in this Agreement.

Section 3. Indemnity in Third-Party Proceedings. The Corporation shall indemnify
Indemnitee in accordance with the provisions of this Section 3 if Indemnitee is, or is threatened
to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the
right of the Corporation to procure a judgment in its favor. Pursuant to this Section 3,
Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all
Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by
Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter
therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the Corporation and, in the case of a criminal Proceeding had no
reasonable cause to believe that his conduct was unlawful. The parties hereto intend that this
Agreement shall provide to the fullest extent permitted by law for indemnification in excess of
that expressly permitted by statute, including, without limitation, any indemnification provided by
the Corporation’s Certificate of Incorporation, its Bylaws, vote of its stockholders or
disinterested directors or applicable law.

Section 4. Indemnity in Proceedings by or in the Right of the Corporation. The
Corporation shall indemnify Indemnitee in accordance with the provisions of this Section 4 if
Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in
the right of the Corporation to procure a judgment in its favor. Pursuant to this Section 4,
Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all
Expenses actually and reasonably incurred by him or on his behalf in connection with such
Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the Corporation. No
indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or
matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the
Corporation, unless and only to the extent that the Delaware Court of Chancery or any court in
which the Proceeding was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably
entitled to indemnification.

Section 5. 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 Indemnitee is a party to (or a participant in) and is
successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or
matter therein, in whole or in part, the Corporation shall indemnify Indemnitee against all
Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee is not
wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or
more but less than all claims, issues or matters in such Proceeding, the Corporation shall
indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf
in connection with or related to each successfully resolved claim, issue or matter to the fullest extent permitted by law. For purposes of this Section 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.

 

-5-

 

Section 6. 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 Indemnitee is, by reason of his Corporate Status, a witness or otherwise asked to participate
in any Proceeding to which Indemnitee 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 7. Partial Indemnification. If Indemnitee is entitled under any provision of
this Agreement to indemnification by the Corporation for some or a portion of Expenses, but not,
however, for the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee for
the portion thereof to which Indemnitee is entitled.

Section 8. Additional Indemnification.

(a) Notwithstanding any limitation in Sections 3, 4, or 5, the Corporation shall indemnify
Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) against all Expenses, judgments, fines and amounts
paid in settlement actually and reasonably incurred by Indemnitee in connection with the
Proceeding.

(b) For purposes of Section 8(a), the meaning of the phrase “to the fullest extent permitted
by applicable law” shall include, but not be limited to:

i. to the fullest extent permitted by the provision of the DGCL that authorizes or
contemplates additional indemnification by agreement, or the corresponding provision of any
amendment to or replacement of the DGCL, and

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

Section 9. Exclusions. Notwithstanding any provision in this Agreement, the
Corporation shall not be obligated under this Agreement to make any indemnity in connection with
any claim made against Indemnitee:

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

(b) for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Corporation within the meaning of Section 16(b) of the Exchange Act
(as defined in Section 2(b) hereof) or similar provisions of state statutory law or common law, or
(ii) any reimbursement of the Corporation by the Indemnitee of any bonus or other incentive-based
or equity-based compensation or of any profits realized by the Indemnitee from the sale of
securities of the Corporation, as required in each case under the Exchange Act (including any such
reimbursements that arise from an accounting restatement of the Corporation pursuant to Section 304
of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Corporation
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
306 of the Sarbanes-Oxley Act); or

 

-6-

 

(c) except as provided in Section 14(d) of this Agreement, in connection with any Proceeding
(or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of
any Proceeding) initiated by Indemnitee against the Corporation or its directors, officers,
employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any
Proceeding) prior to its initiation or (ii) the Corporation provides the indemnification, in its
sole discretion, pursuant to the powers vested in the Corporation under applicable law, provided,
however, that this prohibition shall not apply to any counter-claim, cross-claim or third-party
claim brought against the Indemnitee in any Proceeding.

Section 10. Advances of Expenses. In accordance with the pre-existing requirement of
Section 11.1 of Article XI of the By-laws of the Corporation, and notwithstanding any provision of
this Agreement to the contrary, the Corporation shall advance, to the extent not prohibited by law,
the Expenses incurred by Indemnitee in connection with any Proceeding, and such advancement shall
be made within thirty (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 Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate
entitlement to indemnification under the other provisions of this Agreement. 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 Indemnitee shall qualify for advances upon the execution and
delivery to the Corporation of this Agreement, which shall constitute an undertaking providing that
the Indemnitee undertakes to repay the amounts advanced (without interest) to the extent that it is
ultimately determined that Indemnitee is not entitled to be indemnified by the Corporation. No
other form of undertaking shall be required other than the execution of this Agreement. This
Section 10 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant
to Section 9.

Section 11. Procedure for Notification and Defense of Claim.

(a) Indemnitee shall notify the Corporation in writing of any matter with respect to which
Indemnitee intends to seek indemnification or advancement of Expenses hereunder as soon as
reasonably practicable following the receipt by Indemnitee 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, Indemnitee shall
submit to the Corporation a written request, including therein or therewith such documentation and
information as is reasonably available to Indemnitee and is reasonably necessary to determine
whether and to what extent Indemnitee is entitled to indemnification following the final
disposition of such action, suit or proceeding. The omission by Indemnitee to notify the
Corporation hereunder will not relieve the Corporation from any liability which it may have to
Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the
Corporation shall not constitute a waiver by Indemnitee 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 Indemnitee has requested indemnification.

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

 

-7-

 

Section 12. Procedure Upon Application for Indemnification.

(a) Upon written request by Indemnitee for indemnification pursuant to Section 11(a), a
determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto
shall be made in the specific case: (i) if a Change in Control shall have occurred, by Independent
Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or
(ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested
Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested
Directors designated by a majority vote of the Disinterested Directors, even though less than a
quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested
Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee or (D) if so directed by the Board, by the stockholders of the
Corporation; and, if it is so determined that Indemnitee is entitled to indemnification, payment to
Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate
with the person, persons or entity making such determination with respect to Indemnitee’s
entitlement to indemnification, including providing to such person, persons or entity upon
reasonable advance request any documentation or information which is not privileged or otherwise
protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary
to such determination. Any costs or Expenses (including attorneys’ fees and disbursements)
incurred by Indemnitee in so cooperating with the person, persons or entity making such
determination shall be borne by the Corporation (irrespective of the determination as to
Indemnitee’s entitlement to indemnification) and the Corporation hereby indemnifies and agrees to
hold Indemnitee harmless therefrom.

(b) In the event the determination of entitlement to indemnification is to be made by
Independent Counsel pursuant to Section 12(a) hereof, the Independent Counsel shall be selected as
provided in this Section 12(b). If a Change in Control shall not have occurred, the Independent
Counsel shall be selected by the Board, and the Corporation shall give written notice to Indemnitee
advising him of the identity of the Independent Counsel so selected. If a Change in Control shall
have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall
request that such selection be made by the Board, in which event the preceding sentence shall
apply), and Indemnitee shall give written notice to the Corporation advising it of the identity of
the Independent Counsel so selected. In either event, Indemnitee or the Corporation, as the case
may be, may, within ten (10) days after such written notice of selection shall have been given,
deliver to the Corporation or to Indemnitee, 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 of this Agreement, and the objection shall set forth with
particularity the factual basis of such assertion. Absent a proper and timely objection, the
person so selected shall act as Independent Counsel. If such written objection is so made and
substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and
until such objection is withdrawn or a court has determined that such objection is without merit.
If, within twenty (20) days after the later of submission by Indemnitee of a written request for
indemnification pursuant to Section 11(a) hereof and the final disposition of the Proceeding, no
Independent Counsel shall have been selected and not objected to, either the Corporation or
Indemnitee may petition a court of competent jurisdiction for resolution of any objection which
shall have been made by the Corporation or Indemnitee to the other’s selection of Independent
Counsel and/or for the appointment as Independent Counsel of a person selected by the Court or by
such other person as the Court shall designate, and the person with respect to whom all objections
are so resolved or the person so appointed shall act as Independent Counsel under Section 12(a)
hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section
14(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct
then prevailing).

 

-8-

 

Section 13. Presumptions and Effect of Certain Proceedings.

(a) In making a determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall, to the fullest extent not prohibited
by law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee
has submitted a request for indemnification in accordance with Section 11(a) of this Agreement, and
the Corporation shall, to the fullest extent not prohibited by law, have the burden of proof to
overcome that presumption in connection with the making by any person, persons or entity of any
determination contrary to that presumption. Neither the failure of the Corporation (including by
its directors or independent legal counsel) to have made a determination prior to the commencement
of any action pursuant to this Agreement that indemnification is proper in the circumstances
because Indemnitee has met the applicable standard of conduct, nor an actual determination by the
Corporation (including by its directors or independent legal counsel) that Indemnitee has not met
such applicable standard of conduct, shall be a defense to the action or create a presumption that
Indemnitee has not met the applicable standard of conduct.

(b) Subject to Section 14(e), if the person, persons or entity empowered or selected under
Section 12 of this Agreement to determine whether Indemnitee is entitled to indemnification shall
not have made a determination within sixty (60) days after receipt by the Corporation of the
request therefor, the requisite determination of entitlement to indemnification shall, to the
fullest extent not prohibited by law, be deemed to have been made and Indemnitee shall be entitled
to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’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 thirty (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 and/or information relating thereto; and
provided, further, that the foregoing provisions of this Section 13(b) shall not apply (i) if the
determination of entitlement to indemnification is to be made by the stockholders pursuant to
Section 12(a) of this Agreement and if (A) within fifteen (15) days after receipt by the
Corporation of the request for such determination the Board has resolved to submit such
determination to the stockholders for their consideration at an annual meeting thereof to be held
within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a
special meeting of stockholders is called within fifteen (15) days after such receipt for the
purpose of making such determination, such meeting is held for such purpose within sixty (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 12(a) of
this Agreement.

(c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in good faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Corporation or, with respect to any criminal Proceeding, that Indemnitee
had reasonable cause to believe that his conduct was unlawful.

 

-9-

 

(d) Reliance as Safe Harbor. For purposes of any determination of good faith,
Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the
records or books of account of the Enterprise, including financial statements, or on information
supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the
advice of legal counsel for the Enterprise or on information or records given or reports made to
the Enterprise by an independent certified public accountant or by an appraiser or other expert
selected with the reasonable care by the Enterprise. The provisions of this Section 13(d) shall
not be deemed to be exclusive or to limit in any way the other circumstances in which the
Indemnitee may be deemed to have met the applicable standard of conduct set forth in this
Agreement.

(e) Actions of Others. The knowledge and/or actions, or failure to act, of any
director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for
purposes of determining the right to indemnification under this Agreement.

Section 14. Remedies of Indemnitee.

(a) Subject to Section 14(e), in the event that (i) a determination is made pursuant to
Section 12 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 10 of this
Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant
to Section 12(a) of this Agreement within ninety (90) days after receipt by the Corporation of the
request for indemnification, (iv) payment of indemnification is not made pursuant to Section 5, 6
or 7 or the last sentence of Section 12(a) of this Agreement within ten (10) days after receipt by
the Corporation of a written request therefor, (v) payment of indemnification pursuant to Section
3, 4 or 8 of this Agreement is not made within ten (10) days after a determination has been made
that Indemnitee is entitled to indemnification, or (vi) in the event that 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,
the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder,
Indemnitee shall be entitled to an adjudication by a court of his entitlement to such
indemnification or advancement of Expenses. Alternatively, Indemnitee, 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. Indemnitee shall commence such proceeding seeking
an adjudication or an award in arbitration within 180 days following the date on which Indemnitee
first has the right to commence such proceeding pursuant to this Section 14(a); provided,
however, that the foregoing clause shall not apply in respect of a proceeding brought by
Indemnitee to enforce his rights under Section 5 of this Agreement. The Corporation shall not
oppose Indemnitee’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 12(a) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration commenced pursuant to this Section 14 shall be conducted in all respects as a
de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced
by reason of that adverse determination. In any judicial proceeding or arbitration commenced
pursuant to this Section 14 the Corporation shall have the burden of proving Indemnitee 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 12(a) of this Agreement that
Indemnitee is entitled to indemnification, the Corporation shall be bound by such determination in
any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary
to make Indemnitee’s statement not materially misleading, in connection with the request for
indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

-10-

 

(d) The Corporation shall, to the fullest extent not prohibited by law, be precluded from
asserting in any judicial proceeding or arbitration commenced pursuant to this Section 14 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, to the fullest extent
permitted by law, the Indemnitee not be required to incur legal fees or other Expenses associated
with the interpretation, enforcement or defense of Indemnitee’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 the Indemnitee hereunder. The Corporation shall, to the
fullest extent permitted by law, indemnify Indemnitee against any and all Expenses and, if
requested by Indemnitee, shall (within ten (10) days after receipt by the Corporation of a written
request therefor) advance, to the extent not prohibited by law, such Expenses to Indemnitee, which
are incurred by Indemnitee in connection with any action brought by Indemnitee 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 if Indemnitee is wholly
successful on the underlying claims; if Indemnitee is not wholly successful on the underlying
claims, then such indemnification and advancement shall be only to the extent Indemnitee is
successful on such underlying claims or otherwise as permitted by law, whichever is greater.

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

Section 15. Non-exclusivity; Survival of Rights; Insurance; Subrogation.

(a) The rights of indemnification and to receive advancement of Expenses as provided by this
Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be
entitled under applicable law, the Corporation’s Certificate of Incorporation, the Corporation’s
By-laws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No
amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by
such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the
extent that a change in Delaware law, whether by statute or judicial decision, permits greater
indemnification or advancement of Expenses than would be afforded currently under the Corporation’s
By-laws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change. 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.

(b) To the extent that the Corporation maintains an insurance policy or policies providing
liability insurance for directors, officers, employees, or agents of the Corporation or of any
other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
which such person serves at the request of the Corporation, 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 such director,

 

-11-

 

officer, employee or agent under such policy or policies. 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 such claim or of the commencement
of a proceeding, as the case may be, 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 the Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies.

(c) In the event of any payment under this Agreement, the Corporation shall be subrogated to
the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all
papers required and take all action necessary to secure such rights, including execution of such
documents as are necessary to enable the 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 (or for which advancement is provided hereunder) hereunder if and to the
extent that Indemnitee has otherwise actually received such payment under any insurance policy,
contract, agreement or otherwise.

(e) The Corporation’s obligation to indemnify or advance Expenses hereunder to Indemnitee who
is or was serving at the request of the Corporation as a director, officer, employee or agent of
any other corporation, limited liability company, partnership, joint venture, trust, employee
benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification or advancement of Expenses from such other corporation, limited liability company,
partnership, joint venture, trust, employee benefit plan or other enterprise.

Section 16. Duration of Agreement. This Agreement shall continue until and terminate
upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as
an officer of the Corporation or, at the request of the Corporation, as a director, officer,
employee, or agent of another corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise or (b) one (1) year after the final termination of any Proceeding then pending
in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses
hereunder and of any proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement
relating thereto. This Agreement shall be binding upon the Corporation and its successors and
assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators.

Section 17. Severability. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation,
each portion of any Section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any
way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by
law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform
to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to
the fullest extent possible, the provisions of this Agreement (including, without limitation, each
portion of any Section of this Agreement containing any such provision held to be invalid, illegal
or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to
give effect to the intent manifested thereby.

 

-12-

 

Section 18. Enforcement.

(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 Indemnitee to serve as an officer
of the Corporation, and the Corporation acknowledges that Indemnitee is relying upon this Agreement
in serving as a director or officer of the Corporation.

(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 and applicable law, and shall not be deemed a
substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

Section 19. Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by the parties thereto. 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 20. Notice by Indemnitee. Indemnitee 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 Indemnitee to so
notify the Corporation shall not relieve the Corporation of any obligation which it may have to the
Indemnitee under this Agreement or otherwise.

Section 21. 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 or
(d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has
been received:

(a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or
such other address as Indemnitee shall provide to the Corporation.

(b) If to the Corporation to

Quanex Building Products Corporation

Attention: General Counsel and Secretary

1900 West Loop South, Suite 1500

Houston, Texas 77027

or to any other address as may have been furnished to Indemnitee by the Corporation.

Section 22. Contribution. To the fullest extent permissible under applicable law, if
the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Corporation, in lieu of indemnifying Indemnitee, shall contribute to the amount
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to
be paid in settlement and/or for Expenses, in connection with any claim relating to an
indemnifiable event under this

 

-13-

 

Agreement, in such proportion as is deemed fair and reasonable in light of all of the
circumstances of such Proceeding in order to reflect (i) the relative benefits received by the
Corporation and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such
Proceeding; and/or (ii) the relative fault of the Corporation (and its directors, officers,
employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

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 Delaware, without regard to its conflict of laws rules. Except with
respect to any arbitration commenced by Indemnitee pursuant to Section 14(a) of this Agreement, the
Corporation and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or
proceeding arising out of or in connection with this Agreement shall be brought only in the
Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or
federal court in the United States of America or any court in any other country, (ii) consent to
submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding
arising out of or in connection with this Agreement, (iii) appoint, to the extent such party is not
otherwise subject to service of process in the State of Delaware, irrevocably                                          as its agent in the State of Delaware as such party’s agent for
acceptance of legal process in connection with any such action or proceeding against such party
with the same legal force and validity as if served upon such party personally within the State of
Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the
Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such action or
proceeding brought in the Delaware 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. 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 pronoun where appropriate. The headings of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

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

	 	 	 	 	 	 	 	 	 
	QUANEX BUILDING PRODUCTS	 	 	 	INDEMNITEE
	CORPORATI

	 	ON	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 
	Title:

	 	 	 	 	 	Address:	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

 

-14-Filed by Bowne Pure Compliance

Exhibit 10.4

INDEMNIFICATION AGREEMENT

[Form]

This Indemnification Agreement, dated as of
[__________], 2008, is made by and between SPORT
SUPPLY GROUP, INC., a Delaware corporation (the “Company”), and [___________], a director,
officer or key employee of the Company or one of the Company’s Subsidiaries (the “Indemnitee”).

The following recitals are true and constitute the basis for this Indemnification Agreement:

A. The Company is aware that competent and experienced persons are increasingly reluctant to
serve as representatives of corporations unless they are protected by comprehensive liability
insurance and/or indemnification, due to increased exposure to litigation costs and risks resulting
from their service to such corporations, and due to the fact that the exposure frequently bears no
reasonable relationship to the compensation of such representatives;

B. Plaintiffs often seek damages in such large amounts and the costs of litigation may be so
substantial (whether or not the case is meritorious), that the defense and/or settlement of such
litigation is often beyond the personal resources of representatives;

C. The Company believes that it is unfair for its representatives and the representatives of
its Subsidiaries (as defined below) to assume the risk of large judgments and Expenses (as defined
below) that may be incurred in cases in which the representative received no personal profit and in
cases where the director or officer was not culpable;

D. The Company recognizes that the issues in controversy in litigation against a
representative of a corporation such as the Company or a Subsidiary of the Company are often
related to the knowledge, motives and intent of such representatives, that he or she is usually the
only witness with knowledge of the essential facts and exculpating circumstances regarding such
matters and that the long period of time which usually elapses before the trial or other
disposition of such litigation often extends beyond the time that the representative can reasonably
recall such matters; and may extend beyond the normal time for retirement for such director or
officer with the result that he or she, after retirement or in the event of his or her death, his
or her spouse, heirs, executors or administrators, may be faced with limited ability and undue
hardship in maintaining an adequate defense, which may discourage such a representatives from
serving in that position;

E. Based upon their experience as business managers, the Board of Directors of the Company
(the “Board”) has concluded that, to retain and attract talented and experienced individuals to
serve as representatives of the Company and its Subsidiaries and to encourage such individuals to
take the business risks necessary for the success of the Company and its Subsidiaries, it is
necessary for the Company to contractually indemnify its representatives and the representatives of
its Subsidiaries, and to assume for itself maximum liability for Expenses and damages in connection
with claims against such representatives in connection with their
service to the Company and its Subsidiaries, and has further concluded that the failure to
provide such contractual indemnification could result in great harm to the Company and its
Subsidiaries and the Company’s stockholders;

 

 

 

F. Section 145 of the General Corporation Law of Delaware, under which the Company is
organized (“Section 145”), empowers the Company to indemnify by agreement its officers, directors,
employees and agents, and persons who serve, at the request of the Company, as directors, officers,
employees or agents of other corporations or enterprises, and expressly provides that the
indemnification provided by Section 145 is not exclusive;

G. The Company desires and has requested the Indemnitee to serve or continue to serve as a
representatives of the Company and/or the Subsidiaries of the Company free from undue concern for
claims for damages arising out of or related to such services to the Company and/or the
Subsidiaries of the Company; and

H. The Indemnitee is willing to serve, or to continue to serve, the Company and/or the
Subsidiaries of the Company; provided that he or she is furnished the indemnity provided for
herein.

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

1. Definitions.

(a) Affiliate. For purposes of this Indemnification Agreement, “Affiliate” of the
Company means any corporation, partnership, joint venture, trust or other enterprise in respect of
which the Indemnitee is or was or will be serving as a director, officer, advisory director,
trustee, manager, member, partner, employee, agent, attorney, consultant, member of the entity’s
governing body (whether constituted as a board of directors, board of managers, general partner or
otherwise), fiduciary, or in any other similar capacity at the direct or indirect request of the
Company, and including, but not limited to, any employee benefit plan of the Company or a
Subsidiary or Affiliate of the Company.

(b) Agent. For the purposes of this Indemnification Agreement, “Agent” of the Company
means any person who is or was a director, officer, employee, attorney or other agent of the
Company or a Subsidiary of the Company; or is or was serving at the request of, for the convenience
of, or to represent the interest of the Company or a Subsidiary of the Company as a director,
officer, employee or agent of another foreign or domestic corporation, partnership, joint venture,
trust or other enterprise; or was a director, officer, employee or agent of a foreign or domestic
corporation which was a predecessor corporation of the Company or a Subsidiary of the Company, or
was a director, officer, employee or agent of another enterprise at the request of, for the
convenience of, or to represent the interests of such predecessor corporation.

 

2

 

(c) Expenses. For purposes of this Indemnification Agreement, “Expenses” means all
direct and indirect costs of any type or nature whatsoever (including, without limitation, all
attorneys’ fees and related disbursements, and other out-of-pocket costs) actually and reasonably
incurred by the Indemnitee in connection with either the investigation, defense or appeal of,
or being a witness in, a Proceeding (as defined below) or establishing or enforcing a right to
indemnification under this Indemnification Agreement, Section 145 or otherwise; provided, however,
that Expenses shall not include any judgments, fines, ERISA excise taxes or penalties or amounts
paid in settlement of a Proceeding.

(d) Other Liabilities. For purposes of this Indemnification Agreement, “Other
Liabilities” means any and all liabilities of any type whatsoever (including, but not limited to,
judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, and amounts paid
in settlement and all interest, taxes, assessments and other charges paid or payable in connection
with or in respect of any Expenses or any such judgments, fines, ERISA (or other benefit plan
related) excise taxes or penalties, or amounts paid in settlement).

(e) Proceeding. For the purposes of this Indemnification Agreement, “Proceeding” means
any threatened, pending, or completed action, suit or other proceeding, whether civil, criminal,
administrative, investigative or any other type whatsoever, including any arbitration or other
alternative dispute resolution and including any appeal of any of the foregoing.

(f) Subsidiary. For purposes of this Indemnification Agreement, “Subsidiary” means any
corporation of which more than 50% of the outstanding voting securities is owned directly or
indirectly by the Company, by the Company and one or more other subsidiaries, or by one or more
other subsidiaries.

2. Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an
Agent of the Company, at the will of the Company (or under separate agreement, if such agreement
exists), in the capacity the Indemnitee currently serves as an Agent of the Company, so long as he
or she is duly appointed or elected, and is and remains qualified to serve in such capacity, in
accordance with the applicable provisions of the Bylaws of the Company or any Subsidiary of the
Company and until the resignation, removal, termination, permanent disability or death of the
Indemnitee; provided, however, that nothing contained in this Indemnification Agreement is intended
to create any right to continued employment or other form of service by the Indemnitee.

3. Mandatory Indemnification. The Company shall indemnify the Indemnitee to the
fullest extent not prohibited by the provisions of the Company’s Bylaws and the Delaware General
Corporation Law (“DGCL”), as the same may be amended from time to time (but only to the extent that
such amendment permits the Company to provide broader indemnification rights than the Bylaws or the
DGCL permitted prior to the adoption of such amendment) as follows, subject to the limitations set
forth in Section 10 below:

(a) Third Party Actions. If the Indemnitee is a person who was or is a party to, or
witness in, or is threatened to be made a party to, or witness in, any Proceeding (other than an
action by or in the right of the Company, which actions are addressed in Section 3(b) below) by
reason of the fact that he or she is or was an Agent of the Company, or by reason of anything done
or not done by the Indemnitee in any such capacity, against any and all Expenses and Other
Liabilities actually and reasonably incurred by the Indemnitee in connection with the
investigation, defense, settlement or appeal of such Proceeding if he or she acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the
Company, and, with respect to any criminal action or Proceeding, had no reasonable cause to believe
his or her conduct was unlawful; and

 

3

 

(b) Derivative Actions. If the Indemnitee is a person who was or is a party or is
threatened to be made a party to any Proceeding by or in the right of the Company to procure a
judgment in its favor by reason of the fact that he or she is or was an Agent of the Company, or by
reason of anything done or not done by the Indemnitee in any such capacity, against any amounts
paid in settlement of any such Proceeding, to the maximum extent permitted by law, and all Expenses
actually and reasonably incurred by the Indemnitee in connection with the investigation, defense,
settlement, or appeal of such Proceeding if the Indemnitee acted in good faith and in a manner he
or she reasonably believed to be in or not opposed to the best interests of the Company; except
that no indemnification under this subsection shall be made in respect of any claim, issue or
matter as to which such person shall have been finally adjudged to be liable to the Company, unless
and only to the extent that the Court of Chancery of the State of Delaware (“Court of Chancery”) or
the court in which such Proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case, such person is fairly
and reasonably entitled to indemnity for such amounts which the Court of Chancery or such other
court shall deem proper.

4. Determination of “Good Faith”. For purposes of any determination of “good faith”
hereunder, the Indemnitee shall be deemed to have acted in good faith if in taking such action the
Indemnitee relied on the records or books of account of the Company or a Subsidiary or Affiliate of
the Company, including financial statements, or on information, opinions, reports or statements
provided to the Indemnitee by the officers or other employees of the Company or a Subsidiary or
Affiliate of the Company in the course of their duties, or on the advice of legal counsel for the
Company or a Subsidiary or Affiliate of the Company, or on information or records given or reports
made to the Company or a Subsidiary or Affiliate of the Company by an independent certified public
accountant or by an appraiser or other expert selected by the Company or a Subsidiary or Affiliate
of the Company, or by any other person (including legal counsel, accountants and financial
advisors) as to matters the Indemnitee reasonably believes are within such other person’s
professional or expert competence and who has been selected with reasonable care by or on behalf of
the Company. In connection with any determination as to whether the Indemnitee is entitled to be
indemnified hereunder, the Reviewing Party (as defined below) or court shall presume that the
Indemnitee has satisfied the applicable standard of conduct and shall be entitled to
indemnification, and the burden of proof shall be on the Company to establish that the Indemnitee
is not so entitled. The provisions of this Section 4 shall not be deemed to be exclusive or to
limit in any way the other circumstances in which the Indemnitee may be deemed to have met the
applicable standard of conduct set forth in this Indemnification Agreement. In addition, the
knowledge and/or actions, or failures to act, of any other person serving the Company or a
Subsidiary or Affiliate of the Company as an indemnifiable person shall not be imputed to the
Indemnitee for purposes of determining the right to indemnification hereunder.

 

4

 

5. Exception for Amounts Covered by Insurance and Other Sources. Notwithstanding the
foregoing, the Company shall not be obligated to indemnify the Indemnitee for Expenses or Other
Liabilities of any type whatsoever (including, but not limited to judgments, fines, ERISA excise
taxes or penalties and amounts paid in settlement) to the extent such have been paid directly to
the Indemnitee by any directors and officers insurance
(“D&O Insurance”) maintained by the Company
or other indemnity arrangements with third parties.

6. Partial Indemnification and Contribution.

(a) Partial Indemnification. If the Indemnitee is entitled under any provision of this
Indemnification Agreement to indemnification by the Company for some or a portion of any Expenses
or Other Liabilities, but not entitled, however, to indemnification for all of the total amount
thereof, the Company shall nevertheless indemnify the Indemnitee for such total amount except as to
the portion thereof to which the Indemnitee is not entitled.

(b) Contribution. If the Indemnitee is not entitled to the indemnification provided in
Section 3 above for any reason other than the statutory limitations set forth in the DGCL, then in
respect of any threatened, pending or completed Proceeding in which the Company is jointly liable
with the Indemnitee (or would be adjoined in such Proceeding), the Company shall contribute to the
amount of Expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred and paid or payable by the Indemnitee in such proportion as is
appropriate to reflect (i) the relative benefits received by the Company and all officers,
directors or employees of the Company, other than Indemnitee, who are jointly liable with
Indemnitee (or would be if joined in such Proceeding), on the one hand, and the Indemnitee, on the
other hand, from the transaction from which such Proceeding arose and (ii) the relative fault of
the Company and all officers, directors or employees of the Company, other than Indemnitee, who are
jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and of
the Indemnitee, on the other hand, in connection with the events which resulted in such Expenses,
judgments, fines or settlement amounts, as well as any other relevant equitable considerations. The
relative fault on the Company and all officers, directors or employees of the Company, other than
Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on
the one hand, and of the Indemnitee, on the other hand, shall be determined by reference to, among
other things, the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent the circumstances resulting in such Expenses, judgments, fines or settlement
amounts. The Company agrees that it would not be just and equitable if contribution pursuant to
this Section 6 were determined by pro rata allocation or any other method of allocation which does
not take into account the foregoing equitable considerations.

 

5

 

7. Mandatory Advancement of Expenses.

(a) Advancement. Subject to Section 5 above or Section 10 below, the Company shall
advance prior to the final disposition of the Proceeding, all Expenses incurred by the Indemnitee
in connection with the investigation, defense, settlement or appeal of any Proceeding to which the
Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee
is or was an Agent of the Company or by reason of anything done or not done by him
or her in any such capacity. The Indemnitee hereby undertakes to repay such amounts advanced
only if, and to the extent that, it shall ultimately be determined that the Indemnitee is not
entitled to be indemnified by the Company under the provisions of this Indemnification Agreement,
the Company’s Bylaws or the DGCL. The advances to be made hereunder shall be paid by the Company to
the Indemnitee or directly to a third party designated in writing by the Indemnitee within twenty
(20) days following delivery of a written request therefor by the Indemnitee to the Company.

(b) Exception. Notwithstanding the foregoing provisions of this Section 7, the Company
shall not be obligated to advance any Expenses to the Indemnitee if: (i) those members of the Board
consisting of directors who were not parties to the Proceeding for which a claim is made under this
Indemnification Agreement, even though less than a quorum or (ii) independent legal counsel,
selected by the Indemnitee, and approved by the Board, which approval may not be unreasonably
withheld, by written legal opinion, or (iii) a panel of arbitrators (one of whom is selected by the
Company, another of whom is selected by the Indemnitee and the last of whom is selected by the
first two arbitrators so selected), determines in good faith, within thirty (30) days of the
Indemnitee’s request to be advanced Expenses, that the facts known to them at the time such
determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad faith.
If such a determination is made, the Indemnitee may have such decision reviewed in the manner set
forth in Section 9(d) hereof, with all references therein to “indemnification” being deemed to
refer to “advancement of Expenses,” and the burden of proof shall be on the Company to demonstrate
clearly and convincingly that, based on the facts known at the time, the Indemnitee acted in bad
faith.

8. Notice and Other Indemnification Procedures.

(a) Notification. Promptly after receipt by the Indemnitee of notice of the
commencement of or the threat of commencement of any Proceeding, the Indemnitee shall, if the
Indemnitee believes that indemnification with respect thereto may be sought from the Company under
this Indemnification Agreement, notify the Company of the commencement or threat of commencement
thereof. The failure to promptly notify the Company of the commencement of, or the threat of
commencement of, any Proceeding, or the Indemnitee’s request for indemnification will not relieve
the Company from any obligation that it may have to the Indemnitee hereunder, except to the extent
that the Company is materially prejudiced in its defense of such Proceeding as a result of such
failure.

 

6

 

(b) Insurance and Other Matters. The Company hereby covenants and agrees that, so long
as Indemnitee serves as a director or officer of the Company and thereafter so long as Indemnitee
may be subject to any possible Proceeding by reason of the fact that Indemnitee was a director or
officer of the Company, the Company, subject to the last sentence of this Section 8(b), will
promptly obtain and maintain in full force and effect liability insurance to protect Indemnitee
from personal liabilities incurred by reason of the fact that Indemnitee is or was serving in such
capacity (“Liability Insurance”) in reasonable amounts from established and reputable insurers. In
all applicable policies of Liability Insurance, Indemnitee will be named as an insured and will be
covered by such policies in accordance with their terms to the maximum extent of the coverage
available for any director, officer, employee, or agent or fiduciary under
such policy or policies. At the time of the receipt of a notice of the commencement of a
Proceeding pursuant to Section 8(a) above, the Company shall give prompt notice of the commencement
of such Proceeding to the issuers in accordance with the procedures set forth in the respective
policies. The Company shall thereafter take all reasonable action to cause such insurers to pay, on
behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the
terms of such D&O Insurance policies. Notwithstanding the foregoing, the Company will have no
obligation to obtain or maintain Liability Insurance if the Company determines in good faith that
such insurance is not reasonably available, the premium costs for such insurance are
disproportionate to the amount of coverage provided, the coverage provided by such insurance is
limited by exclusions so as to provide an insufficient benefit, or Indemnitee is covered by similar
insurance maintained by a Subsidiary of the Company or by another person pursuant to a contractual
obligation owed to the Company or Indemnitee.

(c) Assumption of Defense. In the event the Company shall be obligated to
advance the Expenses for any Proceeding against the Indemnitee, the Company, if deemed appropriate
by the Company, shall be entitled to assume the defense of such Proceeding as provided herein.
Following delivery of written notice to the Indemnitee of the Company’s election to assume the
defense of such Proceeding, the approval by the Indemnitee (which approval shall not be
unreasonably withheld) of counsel designated by the Company and the retention of such counsel by
the Company, the Company will not be liable to the Indemnitee under this Indemnification Agreement
for any fees and expenses of counsel subsequently incurred by the Indemnitee with respect to the
same Proceeding. If (A) the employment of counsel by the Indemnitee has been previously authorized
by the Company, (B) the Indemnitee shall have notified the Board in writing that the Indemnitee has
reasonably concluded that there may be a conflict of interest between the Company and the
Indemnitee in the conduct of any such defense, or (C) the Company fails to employ counsel to assume
the defense of such Proceeding, the fees and expenses of the Indemnitee’s counsel shall be subject
to indemnification and/or advancement pursuant to the terms of this Indemnification Agreement.
Nothing herein shall prevent the Indemnitee from employing counsel for any such Proceeding at the
Indemnitee’s expense.

9. Determination of Right to Indemnification.

(a) Success on the Merits. To the extent the Indemnitee has been successful on the
merits or otherwise in defense of any Proceeding referred to in Section 3(a) or 3(b) of this
Indemnification Agreement or in the defense of any claim, issue or matter described therein, the
Company shall indemnify the Indemnitee against Expenses actually and reasonably incurred by him or
her in connection therewith.

(b) Right to Indemnification in Other Situations. In the event that Section 9(a) is
inapplicable, the Company shall also indemnify the Indemnitee if he or she has not failed to meet
the applicable standard of conduct for indemnification.

 

7

 

(c) Forum. The Indemnitee shall be entitled to select the forum in which determination
of whether or not the Indemnitee has met the applicable standard of conduct will be made from among
the following, except that the Indemnitee can select the forum consisting of the stockholders of
the Company only with the approval of the Company:

(1) Those members of the Board consisting of directors who are not parties to the
Proceeding for which indemnification is being sought, even though less than a quorum;

(2) The stockholders of the Company;

(3) Independent legal counsel selected by the Indemnitee, and approved by the Board,
which approval may not be unreasonably withheld, which counsel shall make such determination
in a written opinion; or

(4) A panel of three arbitrators, one of whom is selected by the Company, another of
whom is selected by the Indemnitee and the last of whom is selected by the first two
arbitrators so selected.

The selected forum shall be referred to herein as the “Reviewing Party”.

As soon as practicable, and in no event later than 30 days after written notice of the
Indemnitee’s choice of forum pursuant to Section 9(c) above, the Company and the Indemnitee shall
each submit to the Reviewing Party such information as they believe is appropriate for the
Reviewing Party to consider. If the Reviewing Party has not made a determination within 60 days
after receipt by the Company of the request therefor, the requisite determination of entitlement to
indemnification will be deemed to have been made and Indemnitee will be entitled to such
indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a
material fact necessary to make Indemnitee’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 Reviewing Party making such determination with respect to
entitlement to indemnification in good faith requires such additional time to obtain or evaluate
documentation information relating thereto; and provided, further, that the foregoing provisions
will not apply if the determination of entitlement to indemnification is to be made by the
stockholders pursuant to Section 9(c) and if (A) within 15 days after receipt by the Company of the
request for such determination, the Board or the disinterested directors, if appropriate, resolve
to submit such determination to the stockholders 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 stockholders 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.

(d) Delaware Court of Chancery. Notwithstanding a final determination by any Reviewing
Party that the Indemnitee is not entitled to indemnification with respect to a specific Proceeding,
the Indemnitee shall have the right to apply to any of the Court of Chancery of Delaware, the court
in which that Proceeding is or was pending or any other court of competent jurisdiction, for the
purpose of enforcing the Indemnitee’s right to indemnification pursuant to this Indemnification
Agreement, and any such judicial proceeding will be conducted in all respects as a de novo trial on
the merits, and Indemnitee will not be prejudiced by reason of the adverse determination by any
Reviewing Party.

 

8

 

(e) Expenses. Notwithstanding any other provision of this Indemnification Agreement to
the contrary, the Company shall indemnify the Indemnitee against all Expenses incurred by the
Indemnitee in connection with any hearing or Proceeding under this Section 9 involving the
Indemnitee and against all Expenses incurred by the Indemnitee in connection with any other
Proceeding between the Company and the Indemnitee involving the interpretation or enforcement of
the rights of the Indemnitee under this Indemnification Agreement unless a court of competent
jurisdiction finds that each of the material claims and/or defenses of the Indemnitee in any such
Proceeding was frivolous or not made in good faith.

(f) Final Determination. If a determination has been made pursuant to this Agreement
that Indemnitee is entitled to indemnification, the Company will be bound by such determination in
any judicial proceeding absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s misstatement not materially misleading in
connection with the application for indemnification, or (ii) a prohibition of such indemnification
under applicable law. The Company will be precluded from asserting in any proceeding that the
procedures and presumptions of this Agreement are not valid, binding, and enforceable and will
stipulate in any such court that the Company is bound by all the provisions of this Agreement.

10. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Indemnification Agreement under the
following circumstances:

(a) Claims Initiated by Indemnitee. To indemnify or advance Expenses to the Indemnitee
with respect to Proceedings or claims initiated or brought voluntarily by the Indemnitee and not by
way of defense, except with respect to (1) Proceedings brought to establish or enforce a right to
indemnification under this Indemnification Agreement, any other statute or law, as permitted under
Section 145, or otherwise, and (2) Proceedings brought to discharge the Indemnitee’s fiduciary
responsibilities, whether under ERISA or otherwise, but such indemnification or advancement of
Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate;
or

(b) Unauthorized Settlements. To indemnify the Indemnitee under this Indemnification
Agreement for any amounts paid in settlement of a Proceeding unless the Company consents to such
settlement, which consent shall not be unreasonably withheld or delayed; or

(c) Undeserved Personal Advantage. To indemnify the Indemnitee under this
Indemnification Agreement for Other Liabilities from a Proceeding in which a court enters a
judgment concluding that the Indemnitee gained in fact a material personal profit or advantage to
which the Indemnitee is not entitled; or

(d) Advance Expenses. To advance Expenses to the Indemnitee under this Indemnification
Agreement for any Expenses incurred by the Indemnitee with respect to any Proceeding brought by the
Company against the Indemnitee for breach of the duty of loyalty, an
act or omission not in good faith or that involves intentional misconduct or knowing violation
of law, or a transaction from which the Indemnitee gained an improper personal benefit; or

 

9

 

(e) Actions. To indemnify the Indemnitee on account of any suit in which judgment is
rendered against the Indemnitee for an accounting of profits made from the purchase or sale by the
Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the
Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state
or local statutory law; or

(f) Unlawful Indemnification. To indemnify the Indemnitee for Other Liabilities if a
final decision by a court having jurisdiction in the matter shall determine that such
indemnification is prohibited by law. Both the Company and the Indemnitee acknowledge that in
certain instances, federal law or applicable public policy may prohibit the Company from
Indemnifying under this Indemnification Agreement or otherwise a person serving the Company or a
Subsidiary or Affiliate of the Company as an Agent.

11. Non-exclusivity. The provisions for indemnification and advancement of Expenses
set forth in this Indemnification Agreement shall not be deemed exclusive of any other rights which
the Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or
Bylaws, the vote of the Company’s stockholders or disinterested directors, other agreements, or
otherwise, both as to acts or omissions in his or her official capacity and to acts or omissions in
another capacity while occupying his or her position as an Agent of the Company, and the Indemnitee
‘ s rights hereunder shall continue after the Indemnitee has ceased acting as an Agent of the
Company and shall inure to the benefit of the heirs, executors and administrators of the
Indemnitee. If the Company and the Indemnitee have previously entered into an Indemnity Agreement
providing for indemnification of the Indemnitee by the Company, the parties’ entry into this
Indemnification Agreement shall be deemed to amend and restate such Indemnity Agreement to read in
its entirety as, and to be superseded by, this Indemnification Agreement.

12. Interpretation of Agreement. It is understood that the parties hereto intend this
Indemnification Agreement to be interpreted and enforced so as to provide indemnification and
advancement of Expenses to the Indemnitee to the fullest extent now or hereafter permitted by law,
except as expressly prohibited herein.

13. Severability. If any provision or provisions of this Indemnification 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 Indemnification Agreement
(including, without limitation, all portions of any paragraphs of this Indemnification Agreement
containing any such provision held to be invalid, illegal or unenforceable, that are not themselves
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii)
to the fullest extent possible, the provisions of this Indemnification Agreement (including,
without limitation, all portions of any paragraphs of this Indemnification Agreement containing any
such provision held to be invalid, illegal or unenforceable, that are not themselves invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the
provision held invalid, illegal or unenforceable and to give effect to Section 12 above.

 

10

 

14. Modification and Waiver. No supplement, modification or amendment of this
Indemnification Agreement shall be binding unless executed in writing by both of the parties
hereto. No waiver of any of the provisions of this Indemnification Agreement shall be deemed or
shall constitute a waiver of any other provision hereof (whether or not similar) and except as
expressly provided herein, no such waiver shall constitute a continuing waiver.

15. Successors and Assigns. The terms of this Indemnification Agreement shall bind,
and shall inure to the benefit of, the successors and assigns of the parties hereto.

16. Notice. All notices, requests, demands and other communications under this
Indemnification Agreement shall be in writing and shall be deemed duly given (i) if delivered by
hand and receipt is provided by the party to whom such communication is delivered or (ii) if mailed
by certified or registered mail with postage prepaid, return receipt requested, on the signing by
the recipient of an acknowledgment of receipt form accompanying deliver through the U.S. mail,
(iii) personal service by a process server, or (iv) delivery to the recipient’s address by
overnight delivery (e.g. FedEx, UPS or DHL) or other commercial delivery service. Addresses for
notice to either party are as shown on the signature page of this Indemnification Agreement, or as
subsequently modified by written notice complying with the provisions of this Section 16. Delivery
of communications to the Company with respect to this Indemnification Agreement shall be sent to
the attention of the Company’s Chief Financial Officer.

17. No Presumptions. For purposes of this Indemnification Agreement, the termination
of any Proceeding, by judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the Indemnitee did not meet any particular standard of conduct or have any
particular belief or that a court has determined that indemnification is not permitted by
applicable law or otherwise. In addition, neither the failure of the Company or a Reviewing Party
to have made a determination as to whether the Indemnitee has met any particular standard of
conduct or had any particular belief, nor an actual determination by the Company or a Reviewing
Party that the Indemnitee has not met such standard of conduct or did not have such belief, prior
to the commencement of Proceedings by the Indemnitee to secure a judicial determination by
exercising the Indemnitee’s rights under Section 7 or 9(d) of this Indemnification Agreement that
the Indemnitee should be indemnified under applicable law shall be a defense to the Indemnitee’s
claim or create a presumption that the Indemnitee has failed to meet any particular standard of
conduct or did not have any particular belief or is not entitled to indemnification under
applicable law or otherwise.

18. Survival of Rights. The rights conferred on the Indemnitee by this Indemnification
Agreement shall continue after the Indemnitee has ceased to serve the Company or a Subsidiary or
Affiliate of the Company as an indemnifiable person and shall inure to the benefit of the
Indemnitee’s heirs, executors and administrators.

19. Subrogation. In the event of payment under this Indemnification Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to
secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

11

 

20. Specific Performance. The parties recognize that if any provision of this
Indemnification Agreement is violated by the Company, the Indemnitee may be without an adequate
remedy at law. Accordingly, in the event of any such violation, the Indemnitee shall be entitled,
if the Indemnitee so elects, to institute Proceedings, either in law or at equity, to obtain
damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any
combination of the foregoing as the Indemnitee may elect to pursue.

21. Counterparts. This Indemnification Agreement may be executed in 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. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Indemnification
Agreement.

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

23. Governing Law. This Indemnification Agreement shall be governed exclusively by and
construed according to the laws of the State of Delaware, as applied to contracts between Delaware
residents entered into and to be performed entirely with Delaware.

24. Consent to Jurisdiction. The Company and the Indemnitee each hereby irrevocably
consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection
with any action or Proceeding which arises out of or relates to this Indemnification Agreement.

25. Period of Limitations. No legal action may be brought and no cause of action may
be asserted by or in the right of the Company against Indemnitee, Indemnitee’s estate, spouse,
heirs, executors or personal or legal representatives after the expiration of one year from the
date of accrual of such cause of action, and any claim or cause of action of the Company will be
extinguished and deemed released, unless asserted by the timely filing of a legal action within
such one year period; provided, however, that if any shorter period of limitations is otherwise
applicable to any such cause of action, such shorter period will govern.

 

12

 

The parties hereto have entered into this Indemnification Agreement effective as of the date
first above written.

	 	 	 	 	 	 	 	 	 
	 	 	SPORT SUPPLY GROUP, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Adam Blumenfeld	 	 
	 	 	 	 	Chairman of the Board and Chief Executive Officer	 	 

	 	 	 	 	 	 	 	 	 
	 	 	Address:	 	1901 Diplomat Drive	 	 
	 

	 	 	 	 	 	Farmers Branch, TX 75234	 	 

	 	 	 	 	 	 	 	 	 
	 	 	INDEMNITEE:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	[Name]	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address:	 	 

 

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]