Document:

EX-10.8

 Exhibit 10.8 

FORM OF INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT (this “Agreement”) is dated as of
                     among Blue Owl Capital Inc., a Delaware corporation (the “Indemnitor”) and the indemnitee named on the
signature pages hereto (“Indemnitee”).  
 WHEREAS, at the request of
the Indemnitor, Indemnitee has been asked to serve as a director or an officer of the Indemnitor or in another capacity with the Indemnitor or any of its affiliates, including as a director, officer, employee or agent, and may, therefore, be
subjected to claims, suits or proceedings arising as a result of his or her services to and activities on behalf of the Indemnitor and its subsidiaries and affiliates; 

WHEREAS, as an inducement to Indemnitee to serve in such capacity(ies), the Indemnitor has agreed to indemnify Indemnitee and to advance
expenses and costs incurred by Indemnitee in connection with, arising out of or relating to any such claims, suits or proceedings, to the maximum extent permitted by law; and 

WHEREAS, the parties by this Agreement desire to set forth their agreement regarding indemnification and the advancement of expenses. 

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

Section 1. Indemnification. 

To the fullest extent (whether partial or complete) permitted by the certificate of incorporation of the Indemnitor, as amended from time to
time, and applicable law, including Section 145 of the Delaware General Corporation Law (as it may be amended, the “DGCL”) (but, in the case of any such amendment to the DGCL, only to the extent such amendment permits the
Indemnitor to provide broader indemnification rights than the law permitted the Indemnitor to provide before such amendment): 
 (a) The
Indemnitor shall indemnify, defend, protect and hold harmless Indemnitee if Indemnitee was or is made or is threatened to be made a party to, or is otherwise involved in, as a witness or otherwise, any threatened, pending or completed action, suit
or proceeding (brought by or in the right of the Indemnitor or otherwise), including any appeal therefrom, (i) by reason of the fact that Indemnitee is or was or has agreed to serve as, or has been appointed as, a director, officer, employee or
agent (which, for purposes of this Agreement, shall include a trustee, fiduciary, attorney, advisor, consultant, member, shareholder, representative, partner or manager or similar capacity) of the Indemnitor, in each case whether prior to, on or
subsequent to the date of this Agreement, or by reason of any action alleged to have been taken or omitted to be taken by Indemnitee in such capacity, whether prior to, on or subsequent to the date of this Agreement, or (ii) by reason of the
fact that Indemnitee is or was serving or has agreed to serve at the request of, or is or was or has been appointed by, the Indemnitor or any of its controlled affiliates as a director, officer, employee or agent of another non-Indemnitor corporation, limited liability company, partnership, joint venture, trust, employee benefit plan, or other enterprise or entity (each such non-Indemnitor
entity, a “Primary Obligor”), in each case whether prior to, on or subsequent to the date of this Agreement, or by reason of any action alleged to have been taken or omitted to be taken by Indemnitee in such capacity. The Indemnitor
agrees that as to any indemnification of an Indemnitee of the type identified in clause (i) of this Section 1(a), the Indemnitor shall serve as the indemnitor of first resort with respect to any request for indemnification or advancement
of expenses made pursuant to this Agreement; provided, however, that Indemnitor shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and only to the extent that Indemnitee has otherwise
actually received such 

  
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payment under any insurance policy, contract, agreement or otherwise. The indemnification of an Indemnitee of the type identified in clause (ii) of this Section 1(a) shall be secondary
to any and all indemnification to which such person is entitled from (x) the relevant Primary Obligor (including any payment made to such person under any insurance policy issued to or for the benefit of such Primary Obligor or the Indemnitee),
and (y) the relevant Fund (if applicable) (including any payment made to such person under any insurance policy issued to or for the benefit of such Fund or the Indemnitee) (clauses (x) and (y) together, the “Primary
Indemnification”), and will only be paid to the extent the Primary Indemnification is not paid or does not provide coverage (e.g., a self-insured retention amount under an insurance policy). No such Primary Obligor or Fund shall be entitled
to contribution or indemnification from or subrogation against the Indemnitor. If, notwithstanding the foregoing, the Indemnitor makes an indemnification payment or advance expenses to such an Indemnitee pursuant to this Agreement, the Indemnitor
shall be subrogated to the extent of such payment to all of the rights of such Indemnitee against the relevant Primary Obligor or Fund (if applicable) or under any insurance policy issued to or for the benefit of such Indemnitor, Primary Obligor,
Fund or the Indemnitee; provided that the foregoing shall not in and of itself extinguish any unpaid or unsatisfied rights Indemnitee has against any third party or the Indemnitor. 

(b) The indemnification provided by this Section 1 shall, to the fullest extent permitted by the certificate of incorporation of the
Indemnitor, as amended from time to time, and applicable law, be from and against any and all losses, claims, damages, demands, deficiencies, liabilities, costs and expenses (including attorneys’ fees), judgments, fines, penalties, interest and
amounts paid in settlement or otherwise, including associated tax liabilities in respect of any of the foregoing (collectively “Losses”), in connection with, arising out of or related to any such action, suit or proceeding,
including any appeals. 
 Section 2. Advance Payment of Expenses. To the fullest extent (whether partial or complete) permitted
by the certificate of incorporation of the Indemnitor, as amended from time to time, and applicable law, including Section 145 of the DGCL, expenses (including attorneys’ fees) incurred by Indemnitee in appearing at, participating in or
defending any action, suit or proceeding or in connection with an enforcement action as contemplated by Section 3(e), shall be paid by the Indemnitor in advance of the final disposition of such action, suit or proceeding and in all events
within 45 days after receipt by the Indemnitor of a statement or statements from Indemnitee requesting such advance or advances from time to time (which shall include invoices received by the Indemnitee in connection with such expenses, but in the
case of invoices for legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law or court rules may be omitted), whether prior to or after final
disposition of any action, suit or proceeding. The Indemnitee hereby undertakes to repay any amounts advanced (without interest) to the extent that it is ultimately determined that Indemnitee is not entitled under this Agreement to be indemnified by
the Indemnitor in respect thereof. Such undertaking shall be unsecured and accepted without reference to the financial ability of the Indemnitee to make repayment and without regard to Indemnitee’s ultimate entitlement to indemnification under
the other provisions of this Agreement. No other form of undertaking shall be required of Indemnitee other than the execution of this Agreement. Any rights to advancement under this Section 2 shall be subject to Section 3(b) and shall not
apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 6(a). 
 Section 3. Procedure for
Indemnification; Notification and Defense of Claim. 
 (a) Indemnitee shall notify the Indemnitor in writing of any matter with respect
to which Indemnitee intends to seek indemnification or advancement hereunder as soon as reasonably practicable following receipt by Indemnitee of written notice thereof or Indemnitee’s otherwise becoming aware thereof. The written notification
to Indemnitor shall include a description of the nature of the action, suit or proceeding and the facts underlying such action, suit or proceeding, in each case to the extent known by 

  
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Indemnitee. The failure to promptly notify the Indemnitor of the commencement of the action, suit or proceeding, or of Indemnitee’s request for indemnification, will not relieve the
Indemnitor from any liability that it may have to Indemnitee hereunder, except and solely to the extent the Indemnitor is actually and materially prejudiced in its defense of such action, suit or proceeding as a result of such failure.
Notwithstanding the foregoing, such omission will not relieve Indemnitor from any liability that it may have to Indemnitee other than under this Agreement (except to the extent provided by the terms of the agreement, arrangement or understanding
giving rise to such other liability). In order to exercise his or her indemnification rights hereunder, an Indemnitee shall submit to the Indemnitor a written request therefor including such documentation and information as is reasonably available
to or known by Indemnitee and is reasonably necessary to enable the Indemnitor to determine whether and to what extent Indemnitee is entitled to indemnification hereunder. 

(b) With respect to any action, suit or proceeding of which the Indemnitor is so notified as provided in this Agreement, the Indemnitor shall,
subject to the last two sentences of this paragraph, be entitled to assume the defense of such action, suit or proceeding, with counsel reasonably acceptable to Indemnitee, upon the delivery to Indemnitee of written notice of its election to do so;
provided, however, that the Indemnitor shall not be entitled to assume the defense of any such action, suit or proceeding without the written consent of Indemnitee if there has been a Change in Control or if Indemnitee shall have reasonably
concluded (in accordance with the last sentence of this subsection (b)) that there may be a conflict of interest between the Indemnitor and Indemnitee with respect to such action, suit or proceeding. After delivery of such notice, approval of such
counsel by Indemnitee and the retention of such counsel by the Indemnitor, the Indemnitor will not be liable to Indemnitee under this Agreement for any subsequently-incurred fees of separate counsel engaged by Indemnitee with respect to the same
action, suit or proceeding unless the employment of separate counsel by Indemnitee has been previously authorized in writing by the Indemnitor. Notwithstanding the foregoing, if Indemnitee, based on the advice of his or her counsel, shall have
reasonably concluded (with written notice being given to the Indemnitor setting forth the basis for such conclusion) that, in the conduct of any such defense, there is or is reasonably likely to be a conflict of interest or position between the
Indemnitor and Indemnitee with respect to a significant issue, then the Indemnitor will not be entitled, without the written consent of Indemnitee, to assume such defense. In addition, the Indemnitor will not be entitled, without the written consent
of Indemnitee, to assume the defense of any claim brought by or in the right of the Indemnitor. 
 (c) To the fullest extent permitted by
the certificate of incorporation of the Indemnitor, as amended from time to time, and applicable law, including Section 145 of the DGCL, the Indemnitor’s assumption of the defense of an action, suit or proceeding in accordance with
paragraph 3(b) will constitute an irrevocable acknowledgement by the Indemnitors that any and all Losses in respect of any of the foregoing, including any appeals therefrom, are indemnifiable by the Indemnitor under Section 1 of this Agreement
(including, to the fullest extent permitted by the certificate of incorporation of the Indemnitor, as amended from time to time, and applicable law, that the Indemnitee has met all applicable standards of conduct). 

(d) The determination whether to grant Indemnitee’s indemnification request shall be made in accordance with applicable law and shall be
made promptly and in any event within 60 days following the later of (x) the Indemnitor’s receipt of a request for indemnification in accordance with Section 3(a) and (y) the final disposition of any action, suit or proceeding
for which indemnification is sought hereunder. If the Indemnitor determines that Indemnitee is entitled to such indemnification or, as contemplated by paragraph 3(c) the Indemnitor has acknowledged such entitlement, the Indemnitor will make payment
to Indemnitee of the indemnifiable amount within 10 days after making such determination. If the Indemnitor is not deemed to have so acknowledged such entitlement or the Indemnitor’s determination of whether to grant Indemnitee’s
indemnification request shall not have been made within such applicable 60 day period, the requisite determination of entitlement to indemnification shall, subject to Section 6, nonetheless be deemed to have been made and Indemnitee shall be
entitled to such indemnification, absent (i) a 

  
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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. 
 (e) 

(i) In the event that (1) the Indemnitor determines in accordance with this Section 3 that Indemnitee is not entitled to
indemnification under this Agreement, (2) the Indemnitor denies a request for indemnification, in whole or in part, or fails to respond or make a determination of entitlement to indemnification within the applicable 60-day period as described above, (3) payment of indemnification is not made within 10 days after a determination has been made that Indemnitee is entitled to indemnification, (4) advancement of expenses
is not timely made in accordance with Section 2, or (5) the Indemnitor 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 Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in any court of competent jurisdiction of his or her entitlement to such
indemnification or advancement of expenses. 
 (ii) Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration
in New York, New York before one arbitrator, conducted by the Judicial Arbitration and Mediation Services/Endispute, Inc. (“JAMS”), or its successor. Disputes shall be resolved in accordance with the Federal Arbitration Act, 9
U.S.C. §§1-16, and JAMS’ Comprehensive Arbitration Rules and Procedures then in effect. The arbitrator will have the same, but no greater, remedial authority than would a court of law and shall
issue a written decision including the arbitrator’s essential findings and conclusions and a statement of the award. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. Indemnitee shall
commence a 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 3(e); provided, however, that the foregoing
clause shall not apply to a proceeding brought by Indemnitee to enforce his or her rights under Section 3(g). 
 (iii)
Indemnitee’s expenses (including attorneys’ fees) incurred in connection with determining Indemnitee’s right to indemnification or advancement of expenses, in whole or in part, in any such proceeding or arbitration or otherwise shall
also be indemnified by the Indemnitor to the fullest extent permitted by the certificate of incorporation of the Indemnitor, as amended from time to time, and applicable law (whether such efforts are successful or unsuccessful). 

(f) Indemnitee shall be presumed to be entitled to indemnification under this Agreement upon submission of a request therefor in accordance
with Section 3 of this Agreement. The Indemnitor shall have the burden of proof in overcoming such presumption, and such presumption shall be used as a basis for a determination of entitlement to indemnification and advancement of expenses
unless the Indemnitors overcome such presumption and establish that Indemnitee is not so entitled. No determination by the Indemnitor (including by directors or any independent counsel) that the Indemnitee has not satisfied any applicable standard
of conduct shall be a defense to any claim by the Indemnitee for indemnification or reimbursement or advance payment of expenses by the Indemnitor hereunder or create a presumption that the Indemnitee has not met any applicable standard of conduct.
The termination of any proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that the Indemnitee has not met any applicable standard of conduct.

  
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 (g) If Indemnitee is entitled under any provision of this Agreement to indemnification by
the Indemnitors for some portion of his or her Losses but not the total amount thereof, the Indemnitor shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 

Section 4. Insurance and Subrogation. 

(a) The Indemnitor may purchase or otherwise obtain coverage under a policy or policies of insurance, providing Indemnitee with
coverage, subject to the terms and conditions of such policy or policies, for any liability asserted against, and incurred by, Indemnitee or on Indemnitee’s behalf by reason of the fact that Indemnitee is or was or has agreed to serve as, or is
or was or has been appointed as, a director, officer, employee or agent of the Indemnitor or its affiliates, or is or was serving or has agreed to serve at the request of the Indemnitor or its affiliates as a director, officer, employee or agent of,
or is or was or has agreed to otherwise be associated with, any Primary Obligor or arising out of Indemnitee’s status as such, whether or not the Indemnitor would have the power to indemnify Indemnitee against such liability under the
provisions of this Agreement. To the extent that the Indemnitor maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents or fiduciaries of the Indemnitor or of any its affiliates,
Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, agent or fiduciary under such policy or policies. If the Indemnitor has
such insurance in effect at the time the Indemnitor receives from Indemnitee any notice of any matter with respect to which Indemnitee intends to seek indemnification or advancement hereunder, the Indemnitor shall give prompt notice thereof to the
insurers in accordance with the procedures set forth in the policy or policies. The Indemnitor shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policy or policies. 
 (b) In the event of any payment by the Indemnitor under this
Agreement, the Indemnitor shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee with respect to any insurance policy; provided that the foregoing shall not in and of itself extinguish any unpaid or
unsatisfied rights Indemnitee has against any third party or the Indemnitor. Indemnitee shall execute all papers required and take all action necessary to secure such rights, in each case reasonably requested by the Indemnitor, including execution
of such documents as are necessary to enable the Indemnitor to bring suit to enforce such rights in accordance with the terms of such insurance policy. The Indemnitor shall pay or reimburse all expenses actually and reasonably incurred by Indemnitee
in connection with such subrogation. 
 (c) The Indemnitor shall not be liable under this Agreement to make any payment of amounts otherwise
indemnifiable hereunder (including, but not limited to, judgments, fines and amounts paid in settlement, and excise taxes with respect to an employee benefit plan or penalties) if and to the extent that Indemnitee has otherwise actually received
such payment under this Agreement or any insurance policy, contract, agreement or otherwise. 
 Section 5. Certain Definitions.
For purposes of this Agreement, the following definitions shall apply: 
 (a) The term “action, suit or proceeding” shall
be broadly construed and shall include the investigation (formal or informal), preparation, prosecution, defense, settlement, arbitration, mediation and appeal of, and the giving of testimony or responding to discovery requests in, any threatened,
pending or completed investigation, inquiry, audit, claim, action, suit, arbitration, alternative dispute resolution mechanism, hearing or other proceeding or claim of any kind, whether civil, criminal, administrative, regulatory, legislative,
investigative or otherwise, and whether or not formal or informal. 

  
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 (b) The term “by reason of the fact that Indemnitee is or was or has agreed to serve
as a director, officer, employee or agent of the Indemnitor, or while serving as a director or officer of Indemnitor, is or was serving or has agreed to serve at the request of the Indemnitor as a director, officer, employee or agent of another
corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise or entity” (or any words of similar effect) shall be broadly construed and shall include any actual or alleged act or
omission to act. The Indemnitor hereby agrees that any service, act or omission by Indemnitee respecting the investing activities of the Indemnitor or one or more Funds or their respective affiliates is at the request and direction of and on behalf
of the Indemnitor or one or more of the Funds or their respective affiliates. 
 (c) For purposes of this Agreement, a “Change in
Control” shall be deemed to have occurred if, after the date of this Agreement, (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than (a) any
“Qualified Stockholder” (as defined in the Indemnitor’s certificate of incorporation) or (b) a trustee or other fiduciary holding securities under an employee benefit plan of the Indemnitor or a corporation owned directly or
indirectly by the stockholders of the Indemnitor in substantially the same proportions as their ownership of stock of the Indemnitor, becomes the “beneficial owner” (as defined in Rule 13d-3 under
said Act), directly or indirectly, of securities of the Indemnitor representing 20% or more of the total voting power represent by the Indemnitor’s then outstanding Voting Securities, (ii) individuals who on the date of this Agreement are
members of the Indemnitor’s Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Indemnitor’s Board (provided, however, that if the appointment or election (or
nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall be considered as a member of the Incumbent Board), or (iii) the
Indemnitor consummates a merger or consolidation of the Indemnitor with any other corporation, other than a merger or consolidation which would result in the Voting Securities of the Indemnitor outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Indemnitor or such surviving entity outstanding
immediately after such merger or consolidation, or the stockholders of the Indemnitor approve a plan of complete liquidation of the Indemnitor or an agreement for the sale or disposition by the Indemnitor of (in one transaction or a series of
transactions) all or substantially all of the Indemnitor’s assets. 
 (d) The term “expenses” shall be broadly
construed and shall include all direct and indirect costs of any type or nature whatsoever (including all attorneys’ fees, retainers, court costs, fees of experts and other professionals, witness fees, travel expenses, duplicating, printing and
binding costs, telephone charges, postage, delivery service fees, facsimile transmission charges, secretarial services, any federal, state, local or foreign taxes imposed on Indemnitee as a result of actual or deemed receipt of any payments under
this Agreement, appeal bonds, all other disbursements and other out-of-pocket costs of the types customarily incurred in connection with, or as a result of, prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing to be a deponent or a witness, or otherwise participating in any action, suit or proceeding and reasonable compensation for time spent by Indemnitee for which Indemnitee
is not otherwise compensated by the Indemnitor or any third party), actually and reasonably incurred by Indemnitee in connection with either the investigation, defense or appeal of an action, suit or proceeding or establishing or enforcing a right
to indemnification under this Agreement or otherwise incurred in connection with a claim that is indemnifiable hereunder. 
 (e)
“enterprise” shall mean the Indemnitor and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express written request of the Indemnitor as a
director, officer, employee, agent or fiduciary. 

  
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 (f) “Fund” shall mean any fund, investment vehicle or account whose
investments are managed or advised by an Indemnitor or any of its affiliates. 
 (g) The term “judgments, fines and amounts paid in
settlement” shall be broadly construed and shall include all direct and indirect payments of any type or nature whatsoever (including all penalties and amounts required to be forfeited or reimbursed to the Indemnitor), as well as any
penalties or excise taxes assessed on a person with respect to an employee benefit plan. 
 (h) The term “Voting
Securities” shall mean any securities of the Indemnitor that vote generally in the election of directors. 
 Section 6.
Limitation on Indemnification. Notwithstanding any other provision herein to the contrary, the Indemnitor shall not be obligated pursuant to this Agreement: 

(a) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to any action, suit or proceeding (or
part thereof) initiated by Indemnitee, except with respect to any compulsory counterclaim brought by Indemnitee or an action, suit or proceeding brought to establish or enforce a right to indemnification, advancement of expenses or contribution
under this Agreement (which shall be governed by the provisions of Section 12 of this Agreement), unless such action, suit or proceeding (or part thereof) was authorized or consented to by the board of directors of the Indemnitor. 

(b) Section 16(b) Matters. To indemnify Indemnitee on account of any action, suit or proceeding in which Indemnitee
agrees to or is liable for disgorgement of profits made from the purchase or sale by Indemnitee of securities pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended. 

(c) Indemnification Prohibited by Law. If it has been determined by a final (not interlocutory) judgment or other adjudication of a
court or arbitrator or administrative body of competent jurisdiction as to which there is no further right or option of appeal or the time within which an appeal must be filed has expired without such filing that indemnification on account of
Indemnitee’s conduct is prohibited by applicable law. 
 Section 7. Certain Settlement Provisions. Notwithstanding any
other provision herein to the contrary, provided there has been no Change in Control, the Indemnitor shall have no obligation to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action, suit or proceeding without
the Indemnitor’s prior written consent. The Indemnitor shall not settle any action, suit or proceeding in any manner that would impose any fine or other obligation on Indemnitee without Indemnitee’s prior written consent. The Indemnitor
shall not settle any action, suit or proceeding in which Indemnitee is subject to liability with the Indemnitor (or would be if such Indemnitee is joined in such action, suit or proceeding) without Indemnitee’s written consent unless such
settlement includes a complete and unconditional release of the Indemnitee from all liability on any claims that are the subject matter of such action, suit or proceeding; provided, however, that Indemnitee will not unreasonably withhold his or her
consent to any proposed settlement. Neither the Indemnitor nor Indemnitee will unreasonably withhold his, her, its or their consent to any proposed settlement. 

Section 8. Savings Clause. If any provision or provisions (or portion thereof) of this Agreement shall be invalidated on any
ground by any court of competent jurisdiction, then the Indemnitor shall nevertheless indemnify, defend, protect and hold harmless Indemnitee if Indemnitee was or is made or is threatened to be made a party or is otherwise involved in any
threatened, pending or completed action, suit or proceeding (brought by or in the right of any of the Indemnitors or otherwise), (i) by reason of the fact that Indemnitee is or was or has agreed to serve as, or has been appointed as, a director,
officer, employee 

  
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or agent of the Indemnitor or its affiliates, in each case whether prior to, on or subsequent to the date of this Agreement, or by reason of any action alleged to have been taken or omitted to be
taken by Indemnitee in such capacity, whether prior to, on or subsequent to the date of this Agreement, or (ii) by reason of the fact that Indemnitee is or was serving or has agreed to serve at the request of, or is or was or has been appointed
by, the Indemnitor or any of its affiliates as a director, officer, employee or agent of a Primary Obligor, in each case whether prior to, on or subsequent to the date of this Agreement, or by reason of any action alleged to have been taken or
omitted to be taken by Indemnitee in such capacity from and against any and all Losses in connection with, arising out of or related to such action, suit or proceeding, to the fullest extent (whether partial or complete) permitted by the certificate
of incorporation of the Indemnitor, as amended from time to time, and applicable law. 
 Section 9. Contribution. In order to
provide for just and equitable contribution in circumstances in which the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to Indemnitee in whole or in part, it is agreed that, in such event, the
Indemnitor shall, to the fullest extent (whether partial or complete) permitted by the certificate of incorporation of the Indemnitor, as amended from time to time, and applicable law, contribute to the payment of all of Indemnitee’s Losses in
connection with, arising out of or related to any action, suit or proceeding, including any appeals, in an amount that is just and equitable in the circumstances; provided, that, without limiting the generality of the foregoing, such contribution
shall not be required where such holding by the court is due to any limitation on indemnification set forth in Section 6 or 7 hereof. 

Section 10. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to
have been duly given if (a) delivered by hand or overnight courier service and receipted for by the party to whom said notice, request, demand or other communication shall have been directed, on the day of such delivery, (b) mailed by
certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed or (c) if delivered by e-mail, provided the relevant computer record indicates a full
and successful transmission or no failure message is generated (x) on the date of such transmission, if such transmission is completed at or prior to 5:00 p.m., local time of the recipient party, on the date of such transmission, and
(y) on the next business day following the date of transmission, if such transmission is completed after 5:00 p.m., local time of the recipient party, on the date of such transmission.: 

(i) If to Indemnitee, to the address set forth on the signature page hereto. 

(ii) If to the Indemnitor, to: 

Blue Owl Capital Inc. 
 399
Park Avenue, 38th Floor 
 New York, NY 10022 

Attn: General Counsel 
 E-mail: neena.reddy@blueowl.com 
 or to such other address as may have been furnished in writing to Indemnitee by the
Indemnitor or to the Indemnitor by Indemnitee, as the case may be. 
 Section 11. Nonexclusivity. The provisions for
indemnification, advancement of expenses and contribution set forth in this Agreement shall not be deemed exclusive of, a substitute for or in abrogation of any other rights which Indemnitee may have under any provision of law, in any court in which
a proceeding is brought, the certificate of incorporation, bylaws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement, or comparable organizational documents of the Indemnitors,
other agreements or otherwise, and Indemnitee’s rights hereunder shall inure 

  
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to the benefit of the heirs, executors and administrators of Indemnitee. No amendment or alteration of the certificate of incorporation, bylaws, certificate of limited partnership, partnership
agreement, certificate of formation, limited liability company agreement, or comparable organizational documents of the Indemnitors or any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement. 

Section 12. Enforcement. The Indemnitor shall be precluded from asserting in any judicial proceeding that the procedures and
presumptions of this Agreement are not valid, binding and enforceable. The Indemnitor agrees that its execution of this Agreement shall constitute a stipulation by which it shall be irrevocably bound in any court of competent jurisdiction in which a
proceeding by Indemnitee for enforcement of his rights hereunder shall have been commenced, continued or appealed, that its obligations set forth in this Agreement are unique and special, and that failure of the Indemnitor to comply with the
provisions of this Agreement will cause irreparable and irremediable injury to Indemnitee, for which a remedy at law will be inadequate. As a result, in addition to any other right or remedy Indemnitee may have at law or in equity with respect to
breach of this Agreement, Indemnitee shall be entitled to injunctive or mandatory relief directing specific performance by the Indemnitor of its respective obligations under this Agreement. 

Section 13. No Construction as Employment Agreement. Nothing contained herein shall be construed as giving Indemnitee any right to
be retained as a director or officer of the Indemnitor or in the employ of the Indemnitor. For the avoidance of doubt, the indemnification, advancement of expenses and contribution provided under this Agreement shall continue as to the Indemnitee
even though he may have ceased for any reason whatsoever to be a director, officer, employee or agent of the Indemnitor or any Primary Obligor, as the case may be. 

Section 14. Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and
enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by applicable law. In the event of any change in applicable law, statute or rule which narrows the right of Indemnitee to indemnification,
advancement of expenses or contribution from the Indemnitor hereunder, such change, to the extent not otherwise required by such law, shall have no effect on this Agreement and the rights and obligations hereunder. 

Section 15. Entire Agreement. Except as provided in Section 11, this Agreement constitutes the entire agreement between the
parties hereto with respect to the matters covered hereby, and any other prior or contemporaneous oral or written understandings or agreements with respect to the matters covered hereby are expressly superseded by this Agreement. 

Section 16. Modification and Waiver. No supplement, modification, waiver or amendment of this Agreement shall be binding unless
executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.
For the avoidance of doubt, this Agreement may not be terminated by the Indemnitors without Indemnitee’s prior written consent. 

Section 17. Successor and Assigns. All of the terms and provisions of this Agreement shall be binding upon, shall inure to the
benefit of and shall be enforceable by the parties hereto and their respective successors, assigns, heirs, executors, administrators and legal representatives. The Indemnitor shall require and cause any direct or indirect successor (whether by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Indemnitor, by written agreement in form and substance reasonably satisfactory to Indemnitee, to expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Indemnitor would be required to perform if no such succession had taken place. 

  
 9 

 Section 18. Service of Process and Venue. Each of the parties hereto hereby
irrevocably and unconditionally (a) agrees that any action or proceeding arising out of or in connection with this Agreement may be brought in the Court of Chancery of the State of Delaware (the “Delaware Court”), (b) consents
to submit to the non-exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (c) appoints, to the extent the Indemnitor
or Indemnitee is not otherwise subject to service of process in the State of Delaware, irrevocably The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware 19801 as its agent in the State of Delaware for acceptance of legal process in
connection with any such action or proceeding against such Indemnitor with the same legal force and validity as if served upon the Indemnitor personally within the State of Delaware, (d) waives any objection to the laying of venue of any such
action or proceeding in the Delaware Court, and (e) waives, and agrees 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 19. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the
State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely within the State of Delaware, without regard to its conflicts of laws rules. If a court of competent jurisdiction shall make a final
determination that the provisions of the law of any state other than Delaware govern indemnification by the Indemnitor of Indemnitee, then the indemnification provided under this Agreement shall in all instances be enforceable to the fullest extent
permitted by the certificate of incorporation of the Indemnitor, as amended from time to time, and under such law, notwithstanding any provision of this Agreement to the contrary. 

Section 20. Counterparts. This Agreement may be executed and delivered 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. One such counterpart signed by the party against whom enforceability is sought shall be sufficient to evidence the existence of this
Agreement. 
 Section 21. Interpretation. 

(a) Unless a clear contrary intention appears: (i) the defined terms herein shall apply equally to both the singular and plural forms of
such terms; (ii) reference to any person includes such person’s successors and assigns but, if applicable, only if such successors and assigns are not prohibited by this Agreement, and reference to a person in a particular capacity
excludes such person in any other capacity or individually; (iii) any pronoun shall include the corresponding masculine, feminine and neuter forms; (iv) reference to any agreement, document or instrument means such agreement, document or
instrument as amended or modified and in effect from time to time in accordance with the terms thereof; (v) “hereunder,” “hereof,” “hereto,” and words of similar import shall be deemed references to this Agreement as a
whole and not to any particular article, section or other provision hereof; (vi) numbered or lettered articles, sections and subsections herein contained refer to articles, sections and subsections of this Agreement; (vii) “including”
(and with correlative meaning “include”) means including without limiting the generality of any description preceding such term; (viii) “or” is used in the inclusive sense of “and/or”; (ix) references to documents,
instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto; and (x) reference to dollars or $ shall be deemed to refer to U.S. dollars. 

(b) All headings herein are inserted only for convenience and ease of reference and are not to be considered in the construction or
interpretation of any provision of this Agreement. 
 [Signature Pages Follow] 

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

			
	BLUE OWL CAPITAL INC.
		
	By:	 	
                     

	Name:	 	
	Title:	 	

  
 Signature Page to
Indemnification Agreement 

 
			
	INDEMNITEE
	
	
                     

	Name:	 	
	
	Address:
	
	  

	
	  

	
	  

		
	Email:	 	
                     

  
 Signature Page to
Indemnification AgreementEX-10.9

 Exhibit 10.9 

TRANSITION SERVICES AGREEMENT 

This Transition Services Agreement (this “Agreement”), is made and entered into as of May 19, 2021, by and between
(i) Blue Owl Capital Inc., a Delaware corporation (the “Buyer”), and (ii) Neuberger Berman Group LLC, a Delaware limited liability company (the “Servicer”). The Buyer and Servicer are each referred to in
this Agreement as a “Party” and collectively as the “Parties.” All capitalized terms used but not defined herein shall have the respective meanings set forth in the Business Combination Agreement (defined
below). 
 WHEREAS, the Buyer (f/k/a Altimar Acquisition Corporation) is party to that certain Business Combination Agreement, dated as of
December 23, 2020 (the “Business Combination Agreement”), by and among the Buyer, Owl Rock Capital Group LLC, Owl Rock Capital Feeder LLC, Owl Rock Capital Partners LP and the Servicer that provides for, among other things, the
acquisition by the Buyer of the Diamond Business and the Opal Business. 
 WHEREAS, in connection with the Closing of the transactions
contemplated by the Business Combination Agreement, the Parties have agreed to enter into this Agreement to set forth the terms and conditions upon which the Servicer will provide or cause to be provided to the Buyer and its Subsidiaries certain
identified services during the term of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants and agreements set forth in this Agreement and the Business Combination Agreement, and subject to the terms and conditions set forth in this Agreement, the Parties, intending to be legally bound, agree as
follows: 
 1.    Transition Services. 

(a)    Subject to and on the terms set forth in this Agreement, the Servicer shall perform or cause to be
performed with respect to the Diamond Business certain transition services as set forth on Exhibit A (the “Service Exhibit”) hereto (such services, the “Transition Services” and each, a “Transition
Service”), which Service Exhibit is incorporated herein by reference, for the time periods described in this Agreement. In consideration for the performance of the Transition Services, and subject to the provisions of
Section 4, the Buyer shall pay (or cause to be paid) to the Servicer the fees set forth on the Service Exhibit (the “Service Fees”) in accordance with Section 3. Subject to
the provisions of Section 4, the Servicer shall provide each of the Transition Services until the earlier of (i) the date that is one year after the date of this Agreement, or such other date as the Parties may
reasonably agree in writing is necessary to accomplish the transition of the Diamond Business and the transactions contemplated by the Business Combination Agreement and (ii) the date set forth on the Service Exhibit with respect to such
Transition Service, or such other date as the Parties may reasonably agree in writing with respect to such Transition Service (as applicable, the “Service Termination Date”). 

(b)    The Service Exhibit sets forth the monthly Service Fee payable for each Transition Service
for each calendar month during the term of this Agreement. 

 (c)    In addition to the Service Fees, upon receipt of
reasonable documentation, the Buyer shall reimburse the Servicer for (i) any reasonable third-party fees or expenses and (ii) all reasonable out-of-pocket
costs and expenses, including all reasonable overtime payments to Servicer employees (collectively, the “Expenses”), in each case, incurred by the Servicer in connection with and attributable to providing the Transition Services,
including reasonable costs incurred pursuant to contracts with third parties under which the benefit is provided to the Buyer as part of the Services, reasonable
out-of-pocket travel expenses and costs in obtaining third-party consents (including licenses) that the Parties agree to pursue pursuant to
Section 1(d) (but not, for the avoidance of doubt, expenses and costs in obtaining other third-party consents); provided, however, that “Expenses” shall be determined without duplication of any
applicable Services Fees; provided, further, that, notwithstanding anything to the contrary herein, the Buyer shall have no obligation to reimburse the Servicer for any individual Expense exceeding $25,000 without the prior written
consent of the Buyer. For the avoidance of doubt, in the event fees and expenses contemplated by the preceding sentence are incurred in connection with the provision of the Transition Services and with other operations of the Servicer or its
Affiliates, only the portion of such fees and expenses reasonably allocable to the provision of Transition Services shall be deemed to be “Expenses” and reimbursable by the Buyer hereunder (subject to the preceding sentence). 

(d)    To the extent that (i) the Transition Services include Software or other technology licensed
from third parties, or (ii) the Transition Services are procured or derive from third parties, it is intended and agreed that the Transition Services provided under this Agreement shall be within the scope and on the terms and conditions
established by the third-party licensors or providers. This Agreement is not intended to constitute a sublicense of any Software or technology provided by third-party licensors or to create a commercial service bureau in favor of the Buyer or its
customers, but instead is a services agreement intended to enable the Diamond Business to wind up its use of the software applications set forth on the Service Exhibit. In the event that the Servicer encounters a restriction or objection from
a third-party licensor or supplier that prevents the Servicer, as a legal or practical matter from providing any Transition Service as contemplated by this Agreement, then the Servicer shall reasonably promptly so notify the Buyer, and the Parties
will confer to decide upon a mutually-agreeable solution, which may include seeking necessary consents or licenses, replacing the affected resource or adopting a work-around; provided, that in no event will the Servicer be required to provide
any such Transition Service in violation of its obligations under any third-party agreement and provided, further, that in the event that the Parties mutually agree not to seek a consent following such conference, the provisions of
Section 8(c) shall apply to any claims arising out of such election. The Servicer shall use its commercially reasonable efforts during the term of this Agreement to not enter into or become bound by an agreement or other
arrangement that includes such a restriction. Other than as set forth in the preceding sentence, the Servicer gives no assurance about whether such a restriction or objection can or may arise and, in any event, until such alternative approach is
agreed upon by the Parties or the problem is otherwise resolved to the satisfaction of the Parties, the Servicer shall be excused from providing the affected Transition Service and, notwithstanding anything to the contrary herein, the Buyer shall
have no obligation to pay any Service Fee for any such Transition Service that the Servicer does not provide. To the extent an agreed-upon alternative 

  
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approach results in the incurrence of additional expense beyond what was incurred in connection with the underlying Transition Service, the Buyer shall make prompt payment to the Servicer in the
amount of such additional expense in accordance with Section 3 hereof. 

(e)    Notwithstanding anything to the contrary in this Agreement, the Buyer acknowledges that the Servicer
may be providing services similar to the Transition Services for itself and its Affiliates, and the Servicer reserves the right to modify one or more Transition Services if such modifications are: (i) applicable to all other recipients of such
Transition Service or services similar to such Transition Service; provided, that such modifications do not have a material adverse impact on the Buyer or its Subsidiaries and do not increase the Expenses in any material respect; or
(ii) otherwise necessary to comply with applicable Law or other requirements of a Governmental Entity. 

2.    Term. This Agreement commences as of the date hereof and will continue in effect until the latest
Service Termination Date for any Transition Service, unless earlier terminated in accordance with Section 4; provided, that this Agreement shall terminate with respect to a Transition Service (including the
Servicer’s obligation to provide, and the Buyer’s obligation to pay a Service Fee or Expenses with respect to, such Transition Service in accordance with Section 4(c)) on the applicable Service Termination Date
for such Transition Service and provided, further, that in the event that a Transition Service has not been properly transitioned, separated and migrated to the Buyer or its designee as of the applicable Service Termination Date due to
the Servicer’s failure to complete the tasks that have been designated as Servicer’s responsibilities in the Service Exhibit, the term of any such Transition Service shall be automatically extended by an additional thirty (30) days
beyond the applicable Service Termination Date. Termination or expiration of this Agreement will not act as a waiver of any breach hereof and will not release any Party hereto for any liability or obligation incurred under this Agreement through the
effective date of such termination or expiration. 
 3.    Payment. 

(a)    The Servicer shall invoice the Buyer for the monthly Service Fees and all Expenses incurred in
accordance with this Agreement for each month during which Transition Services are provided hereunder. The Buyer shall be liable for the Service Fees and the Buyer shall pay the Servicer the amounts shown as due and payable on each such invoice,
including any applicable sales, use or value-added taxes, within forty-five (45) days of the Buyer’s receipt of such invoice, unless and to the extent subject to (and during the pendency of) any dispute between the Parties with respect to
such amounts. The Buyer will not be entitled to offset any Service Fees, Expenses or any other amounts due hereunder against any amounts owed by the Servicer or any of its Affiliates to the Buyer or any of its Affiliates under the Business
Combination Agreement, any other Ancillary Agreement, as a client of the Diamond Business or otherwise. 

(b)    If there is a dispute between the Parties regarding the variable amounts shown as billed to the
Buyer on any invoice, the Servicer shall, upon the written request of the Buyer, furnish to the Buyer such reasonable documentation to substantiate the amounts billed, including listings of the dates, times and amounts of the Transition Services in
question, and any documentation from third parties with respect to Expenses for which the Servicer is seeking reimbursement. 

  
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 (c)    If there is a dispute regarding any invoice for
Service Fees or Expenses under this Agreement, the Parties shall cooperate and use commercially reasonable efforts to resolve any such dispute among themselves as promptly as practicable; provided, that if any such dispute is not resolved by
the invoice due date, then Buyer may withhold amounts disputed in good faith.    In the event that the Parties mutually agree that any amount disputed by Buyer was properly invoiced, the Buyer will pay to the Servicer such amount
within fifteen (15) days of such agreement. 
 4.    Termination. 

(a)    The Buyer may terminate this Agreement in its entirety by providing the Servicer with at least
thirty (30) days’ prior written notice, which notice must specify the date on which the Transition Services are to be terminated (the “Termination Date”); provided, that the Buyer will be liable for the Service Fees
through the Termination Date, along with any and all Expenses incurred in accordance with this Agreement in connection with the Transition Services provided during such period. 

(b)    The Buyer may from time to time elect to terminate any Transition Service by providing the Servicer
with at least thirty (30) days’ prior written notice, which notice shall specify which of the Transition Services are to be terminated (the “Terminated Services”) and the date on which such Terminated Services are to be
terminated. Within fifteen (15) Business Days following receipt of a termination notice, the Servicer shall notify the Buyer in writing of its good faith belief as to whether the termination of any Transition Service or Transition Services that
are the subject of the termination notice (i) will require termination or partial termination of any other Transition Service or Transition Services, or (ii) will result in the imposition of any additional costs to the Servicer or its
Affiliates and, if so, a good faith estimate of the aggregate amount of such additional costs (an “Early Termination Consequence Notice”). If the Servicer delivers an Early Termination Consequence Notice to the Buyer, the Buyer may
withdraw its termination notice within seven (7) days after its receipt of such notification. If the Buyer does not withdraw such termination notice within such seven (7) day period, termination of such Transition Services will be final,
including with respect to (x) the termination of any other Transition Service or Transition Services identified by the Servicer in its Early Termination Consequence Notice, and (y) the Buyer obligation to pay the actual amount of any
additional costs imposed on the Servicer as a result of such early termination as identified by the Servicer in its Early Termination Consequence Notice (notwithstanding that such actual amount of such identified costs may be greater than the
estimated amount). Notwithstanding anything to the contrary herein, the Buyer shall not have the right to unilaterally reinstitute any Transition Service if such Transition Service has been terminated. 

(c)     The Buyer will be liable for the Service Fees associated with the Terminated Services provided
prior to or on (but not following) the date such Transition Service is terminated in accordance with Section 4(b), along with any and all Expenses 

  
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incurred in accordance with this Agreement in connection with the Transition Services provided prior to or on (but not following) such date. The termination of the Terminated Services will not
affect: (i) any obligation of Buyer to pay (x) additional costs with respect to the applicable termination pursuant to Section 4(b)(y), or (y) Service Fees associated with the Terminated Services provided
prior to such termination or Expenses incurred in accordance with this Agreement prior to such termination; or (ii) this Agreement with respect to any Transition Services not terminated pursuant to any written notice under
Section 4(b). 
 (d)    In the event of any breach by the Buyer of
(i) Section 3 (i.e., late payment) or Section 6 (i.e., misuse of the Servicer’s business systems and communications networks) hereof or (ii) the Sublease Agreement dated on or about
the date hereof, by and between the Servicer, and the Buyer, in each case, that continues without cure for a period of thirty (30) days after notice thereof to the Buyer and is not the subject of a good-faith dispute in accordance with
Section 3(b) and Section 3(c) of this Agreement, the Servicer may, upon ten (10) days’ prior written notice to the Buyer, terminate this Agreement or, in its discretion, its obligation to
provide the Transition Services relating to such nonpayment without any further obligation or liability to the Buyer. If the Servicer terminates this Agreement (or terminates its obligation to provide a particular Transition Services pursuant to
this Section 4(d)), the Buyer will be liable for the Service Fees through, but not following, such date of termination (or such date of termination of the applicable Transition Service). 

(e)    No termination of this Agreement or any Transition Services shall relieve any Party from liability
for any breach of this Agreement prior to termination thereof. Sections 8 (Limitation on Liability; Indemnity), 10 (Confidentiality), 11 (Expenses), 15 (Governing Law; Waiver of Jury Trial;
Jurisdiction) and 17 (Interpretation) shall survive any termination or expiration of this Agreement. 

5.    Additional Covenants and Agreements. The Servicer shall use commercially reasonable efforts to provide
or cause to be provided the Transition Services (i) subject to any applicable COVID-19 Measures, at a relative level of service (in terms of quantity and quality) substantially similar to that with which
such services were provided to the Diamond Business as of immediately prior to the Closing and (ii) in a manner that is in accordance with applicable Law. 

6.    Use of Business Systems and Communications Networks. From time to time under this Agreement, each
Party may have access to the business systems and communications networks of the other Party. Each Party will use commercially reasonable efforts to ensure that none of its employees, officers, directors or agents, nor any employee, officer,
director or agent of any of its Affiliates (collectively, “Users”) make any use of or attempt to gain access to any part of the other Party’s business systems and communications networks or to any data of the other Party or its
Affiliates not specifically made available to such Party under this Agreement. Each Party will take reasonable precautions to ensure that its Users do not introduce (i) any code, program, or script (devices) that, upon the occurrence or the non-occurrence of any event, will disable any system or application of the other Party; (ii) to or through the other Party’s “network,” any worm, virus, trap door, back door, or any other
contaminant or disabling devices; or (iii) any form of breach of security, data corruption or interruption into the other Party’s “network.” Each 

  
 5 

 
Party agrees that all of its Users, when given access to the business systems and communications networks of the other Party, shall conform to the policies and procedures of such other Party
concerning, health, safety and security which are made known to the first Party in advance. If a Party reasonably determines that the other Party has violated this covenant, then without limiting any Party’s remedies hereunder, the other Party
will, to such Party’s reasonable satisfaction, promptly take all reasonable action and implement all reasonably necessary procedures to mitigate and prevent the reoccurrence of any such violation. 

7.    Designated Points of Contact; Separation Services. 

(a)    The points of contact who shall be responsible for the day-to-day implementation of this Agreement, including attempted resolution of any issues that may arise during the performance of any Party’s obligations hereunder for the Servicer, on the one hand, and
the Buyer, on the other hand, shall be as specified in Exhibit B under the title “TSA Liaison.” 

(b)    The Parties will reasonably cooperate in the transition, separation and migration of the Transition
Services. Notwithstanding the foregoing or anything to the contrary contained in this Agreement, in no event shall the Servicer be required to (i) incur any
out-of-pocket expenses in connection with the such transition, separation and/or migration for which the Servicer is not entitled to reimbursement from the Buyer
hereunder or (ii) without limiting the Servicer’s obligations under the Business Combination Agreement, undertake responsibilities in connection with such transition, separation and/or migration not otherwise required by this Agreement or
the Business Combination Agreement. All cooperation provided and actions taken by the Servicer in connection with transition, separation and migration of the Transition Services shall be subject to the same limitations on liability of the Servicer
as set forth herein with respect to the performance of the Transition Services. 
 8.    Limitation of
Liability; Indemnification. 
 (a)    OTHER THAN IN THE CASE OF INTENTIONAL FRAUD, GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT, AND WITHOUT LIMITATION OF SECTION 9 OF THE NDA (AS DEFINED BELOW), THE SERVICER’S LIABILITY UNDER THIS AGREEMENT OR WITH RESPECT TO THE PERFORMANCE OF THE TRANSITION SERVICES SHALL BE LIMITED TO THE AMOUNT OF THE SERVICE
FEES ACTUALLY RECEIVED BY THE SERVICER HEREUNDER IN CONSIDERATION OF THE TRANSITION SERVICES THAT GAVE RISE TO OR RELATED TO THE INCURRENCE OF SUCH LIABILITY. THE SERVICER WILL HAVE NO LIABILITY UNDER THIS AGREEMENT OR WITH RESPECT TO THE
PERFORMANCE OF THE TRANSITION SERVICES TO ANY PERSON OTHER THAN THE BUYER. EXCEPT AS MAY BE AWARDED TO A THIRD PARTY IN CONNECTION WITH A CLAIM SUBJECT TO INDEMNIFICATION PURSUANT TO SECTION 8(c) OR SECTION
8(d) OR IN THE CASE OF INTENTIONAL FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, NO PARTY WILL BE LIABLE FOR ANY PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES, LOSS OF PROFIT OR LOSS OF OPPORTUNITY, LOSS OF REPUTATION, CONSEQUENTIAL
LOSSES OR ANY OTHER INDIRECT DAMAGES THAT WERE NOT REASONABLY FORESEEABLE. 

  
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 (b)    EXCEPT TO THE EXTENT EXPRESSLY PROVIDED HEREIN,
THE SERVICER DOES NOT MAKE, AND HEREBY DISCLAIMS, ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT
OF TITLE, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING, USAGE, OR TRADE PRACTICE. 
 (c)    The
Buyer shall, and shall cause its Subsidiaries to, indemnify, defend, hold harmless and reimburse the Servicer and the Servicer’s Affiliates (excluding, for the avoidance of doubt, the Buyer and any of its controlled Affiliates) and each of
their respective directors, officers, employees, successors and permitted assigns, in their capacity as such (collectively, the “Servicer Indemnified Parties”), for, from and against all Losses imposed on, incurred or suffered by
any Servicer Indemnified Party arising out of or relating to the provision of any Transition Service pursuant to this Agreement, except to the extent that such Losses arise out of or relate to any Servicer Indemnified Party’s breach of this
Agreement, intentional fraud, gross negligence or willful misconduct. For the avoidance of doubt, any acts or omissions of the HK Employees (as defined in the Service Exhibit) shall be considered those of Buyer or its controlled Affiliate, as
applicable, and not those of the Servicer Indemnified Parties. Each Servicer Indemnified Party is an express third party beneficiary of, and entitled to enforce, this Section 8(c). 

(d)    The Servicer shall, and shall cause its Subsidiaries to, indemnify, defend, hold harmless and
reimburse the Buyer and the Buyer’s Affiliates (excluding, for the avoidance of doubt, the Servicer and any of its controlled Affiliates) and each of their respective directors, officers, employees, successors and permitted assigns, in their
capacity as such (collectively, the “Buyer Indemnified Parties”), for, from and against all Losses imposed on, incurred or suffered by any Buyer Indemnified Party arising out of or relating to the Servicer’s or its
Representative’s intentional fraud, gross negligence or willful misconduct in providing any Transition Service. Each Buyer Indemnified Party is an express third party beneficiary of, and entitled to enforce, this
Section 8(d). 
 (e)    The indemnification procedures set forth in
Section 14.5 (Claim Procedures) of the Business Combination Agreement shall apply to claims for indemnification under this Agreement and are hereby incorporated by reference mutatis mutandis. 

9.    Relationship of the Parties. The Parties intend that their relationship hereunder will be that of
independent contractors. Nothing contained in this Agreement is to be construed as creating any partnership, joint venture, relationship of principal and agent or employer and employee, or other arrangement between the Parties. No Party will have
any right, power or authority to act or create any obligation, expressed or implied, on behalf of another Party. The Servicer shall be responsible in accordance with applicable Law for workers’ compensation and other types of insurance covering
its employees and employees of its Affiliates performing the Transition Services and shall have sole responsibility for compliance with all other applicable 

  
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Laws relating to such employees. No employee of the Servicer or any of its Affiliates who renders any Transition Service shall be deemed or considered to be an employee of the Buyer or any of its
Affiliates as a result thereof. 
 10.    Confidentiality. During the term of this Agreement, and for one
(1) year thereafter, each Party shall be bound by and comply with the provisions set forth in the Non-Disclosure Agreement, dated as of November 16, 2020, between the Servicer and the Buyer (the
“NDA”), as if such provisions were set forth in this Agreement, and such provisions are incorporated in this Agreement by reference with respect to Confidential Information; provided, that in each case for purposes of this
Agreement: (a) Confidential Information with respect to the Diamond Business shall be deemed to be Confidential Information of Buyer (as Disclosing Party), and not of the Servicer; (b) the Purpose shall be the fulfillment of a Party’s
obligations and receiving its benefits under, or otherwise enforcing, this Agreement, the Business Combination Agreement, any other Ancillary Agreement or any other agreement between the Servicer or one or more of its Affiliates, on the one hand,
and Buyer or one or more of its Affiliates, on the other hand; and (c) Sections 10 and 11 and the last sentence of Section 3 of the NDA shall be disregarded; and provided, further, that nothing in this Agreement shall be
deemed to restrict any Party’s or its Affiliates’ use, disclosure or retention of Confidential Information of either Party or its Affiliates as permitted pursuant to the Business Combination Agreement, any other Ancillary Agreement or any
other agreement between such Party or one or more of its Affiliates, on the one hand, and the other Party or one or more of its Affiliates, on the other hand. Capitalized terms used in this Section 10 that are not otherwise
defined in this Agreement shall have the respective meanings ascribed to such terms in the NDA. Each Party understands and acknowledges that the other Party and its Affiliates may now or in the future engage in any business that may be competitive
with the business of such first Party or its Subsidiaries (it being agreed, for the avoidance of doubt, that Blue Owl Holdings, Blue Owl Carry and their respective Subsidiaries are Subsidiaries of Buyer), evaluate, invest in (directly or indirectly,
including providing financing to) or do business with, competitors or potential competitors of such first Party or its Subsidiaries, and that the receipt or possession of Confidential Information is not intended to and shall not restrict or preclude
such activities; provided, that the other Party does not use or disclose any Confidential Information in connection therewith in violation hereof. Further, each Party understands and acknowledges that the other Party and its Affiliates
may (i) have general knowledge with respect to the industry in which such first Party or its Subsidiaries operate and that additional general industry knowledge may be gained by the other Party from reviewing or having received Confidential
Information that cannot be separated from the such other Party’s overall knowledge and (ii) retain certain mental impressions of the Confidential Information (it being understood that a mental impression is what a person retains when such
person has not intentionally memorized the information or retained notes or other aids to help retain such memory), and such general knowledge and mental impressions shall be permitted to be used in the ordinary course of such other Party’s
business, including in connection with evaluating investment opportunities, trading securities in the public markets and participating in private investment transactions and is not intended to be limited by this
Section 10. Prior to sharing with the Servicer any Confidential Information (other than with respect to Buyer) that could reasonably be expected to constitute material non-public
information within the meaning of the insider trading provisions of the Securities Exchange Act of 1934 (“MNPI”), the Buyer shall use commercially reasonable efforts to first consult with Servicer Legal & Compliance
personnel designated by Servicer to the Buyer to determine whether and how such information can be shared. For the avoidance of doubt, if and to the extent that the Buyer discloses MNPI (which, 

  
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for the avoidance of doubt, does not include Confidential Information regarding Buyer) to Servicer or its subsidiaries, neither Servicer nor any of its subsidiaries shall be deemed to have any
duty of trust or confidence to any party with respect to such MNPI unless specifically agreed in writing by Servicer or its subsidiaries prior to such disclosure. 

11.    Expenses. Except as otherwise provided in this Agreement (including
Section 1 hereof and the Service Exhibit), each Party shall be solely liable for and pay all of its own costs and expenses (including attorneys’, accountants’ and investment bankers’ fees and other out-of-pocket expenses) incurred by such Party or its Affiliates in connection with the performance of such Party’s obligations under this Agreement. 

12.    Successors and Assigns. This Agreement and all of the provisions hereof shall be binding upon and
inure to the benefit of the Parties and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned (whether voluntarily, involuntarily, by operation of law
or otherwise) by either Party without the prior written consent of the other Party. Notwithstanding the foregoing, the Servicer may assign its obligation to perform Transition Services to any of its Affiliates without the Buyer’s prior consent;
provided, that such assignment shall not relieve the Servicer of its obligations hereunder. 

13.    Third-Party Beneficiaries. Other than as expressly provided in Section 8:
(a) this Agreement does not benefit or create any legal or equitable right, remedy or claim in or on behalf of any Person other than the Parties and their permitted successors and assigns; and (b) this Agreement and all of its terms and
conditions are for the sole and exclusive benefit of the Parties and their successors and permitted assigns. 

14.    Notices. All notices, demands and other communications to be given or delivered under this Agreement
shall be in writing and delivered in accordance with Section 15.3 (Notices) of the Business Combination Agreement, which shall apply hereto mutatis mutandis; provided, that a copy of any notice to the Buyer hereunder shall
be delivered to the addresses set forth in Section 15.3 of the Business Combination Agreement for Opal Group, Opal Feeder and Opal Partners. 

15.    Governing Law; Waiver of Jury Trial; Jurisdiction. Section 15.9 (Governing Law; Waiver of
Jury Trial; Jurisdiction) of the Business Combination Agreement is hereby incorporated herein by reference mutatis mutandis. 

16.    Entire Agreement. This Agreement (along with the Exhibits as such may be supplemented from time to
time in accordance with this Agreement, which Exhibits are incorporated herein by reference), together with the Business Combination Agreement (including the Disclosure Letters and Exhibits thereto), the other Ancillary Agreements and the
Confidentiality Agreements contain the entire agreement and understanding between the Parties with respect to the subject matter hereof and thereof, and supersede all prior and contemporaneous agreements, understandings and discussions, whether
written or oral, relating to such subject matter in any way. The Parties have voluntarily agreed to define their rights and Liabilities with respect to the transactions contemplated by this Agreement exclusively pursuant to the express terms and
provisions of this Agreement and the Business Combination Agreement, and the Parties 

  
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disclaim that they are owed any duties or are entitled to any remedies not set forth in this Agreement, the Business Combination Agreement, the other Ancillary Agreements or the Confidentiality
Agreements. Furthermore, this Agreement embodies the justifiable expectations of sophisticated parties derived from arm’s-length negotiations, and no Person has any special relationship with another
Person that would justify any expectation beyond that of an ordinary buyer and an ordinary seller in an arm’s-length transaction. 

17.    Interpretation. The headings and captions used in this Agreement are for reference purposes only and
shall not affect in any way the meaning or interpretation of this Agreement. Any capitalized terms used in any Exhibit attached to this Agreement or delivered at the same time and not otherwise defined therein shall have the meanings set forth in
this Agreement. The use of the word “including” in this Agreement shall mean “including without limitation.” The words “hereof,” “herein,” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement. References in this Agreement to a specific Section, Subsection, Clause, Recital, Section of a Schedule or Exhibit shall refer,
respectively, to Sections, Subsections, Clauses, Recitals, Sections of a Schedules or Exhibits of this Agreement. Terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa. References in this Agreement to
any gender shall include each other gender. The word “or” shall not be exclusive unless the context clearly requires the selection of one (but not more than one) of a number of items. References to “written” or “in
writing” include in electronic form. References in this Agreement to any Person shall include such Person’s heirs, executors, personal representatives, administrators, successors and permitted assigns; provided, however, that
nothing contained in this Section 17 is intended to authorize any assignment or transfer not otherwise permitted by this Agreement. References in this Agreement to a Person in a particular capacity or capacities shall
exclude such Person in any other capacity. Any reference to “days” shall mean calendar days unless Business Days are specified; provided, that if any action is required to be done or taken on a day that is not a Business Day, then
such action shall be required to be done or taken not on such day but on the first succeeding Business Day thereafter. References in this Agreement to any Contract (including this Agreement) mean such Contract as amended, restated, supplemented or
modified from time to time in accordance with the terms thereof. With respect to the determination of any period of time, the word “from” means “from and including” and the words “to” and “until” each means
“to but excluding.” References in this Agreement to any Law shall be deemed also to refer to such Law, as amended, and all rules and regulations promulgated thereunder. If any Party has breached any representation, warranty, covenant or
agreement contained in this Agreement in any respect, the fact that there exists another representation, warranty, covenant or agreement relating to the same subject matter (regardless of the relative levels of specificity) which the Party has not
breached shall not detract from or mitigate the fact that the Party is in breach of the first representation, warranty, covenant or agreement. The word “extent” in the phrase “to the extent” (or similar phrases) shall mean the
degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” An accounting term not otherwise defined in this Agreement has the meaning assigned to it in accordance with GAAP. Except where otherwise
provided, all amounts in this Agreement are stated and shall be paid in United States dollars. The Parties and their respective counsel have reviewed and negotiated this Agreement as the joint agreement and understanding of the Parties, and the
language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of strict construction shall be applied against any Person. In no event shall the Buyer or its Subsidiaries be
deemed to be an Affiliate of the Servicer or any of its Affiliates for purposes of this Agreement. 

  
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 18.    Amendment; Waiver. No amendment of any provision of
this Agreement shall be valid unless the same shall be in writing and signed by the Parties. No waiver of any provision or condition of this Agreement shall be valid unless the same shall be in writing and signed by the Party against which such
waiver is to be enforced. No waiver by either Party of any default, breach of representation or warranty or breach of covenant under this Agreement, whether intentional or not, shall be deemed to extend to any other, prior or subsequent default or
breach or affect in any way any rights arising by virtue of any other, prior or subsequent such occurrence. 

19.    Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner
as to be effective and valid under applicable Law, but if any provision of this Agreement or the application of any such provision to any Person or circumstance shall be held to be prohibited by or invalid, illegal or unenforceable under applicable
Law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity, illegality or unenforceability, without invalidating the remainder of such provision or the remaining
provisions of this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal,
invalid, or unenforceable provision as may be possible. 
 20.    Counterparts; Electronic
Delivery. This Agreement and any other agreements, certificates, instruments and documents delivered pursuant to this Agreement may be executed and delivered in one or more counterparts and by fax, email or other electronic transmission, each of
which shall be deemed an original and all of which shall be considered one and the same agreement. No Party shall raise the use of a fax machine or email to deliver a signature or the fact that any signature or agreement or instrument was
transmitted or communicated through the use of a fax machine or email as a defense to the formation or enforceability of a Contract and each Party forever waives any such defense. 

21.    Relationship of Documents. The Parties agree that this Agreement constitutes the “transition
services agreement” contemplated by Section 10.22 of the Business Combination Agreement; provided, that nothing in this Agreement shall alter in any obligation of any Party from any after the date hereof under the Business
Combination Agreement. In the event of a conflict between the provisions of this Agreement and the Business Combination Agreement, the provisions of the Business Combination Agreement shall control. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 11 

 IN WITNESS WHEREOF, the Buyer and the Servicer have caused this Agreement to be executed by
their duly authorized officers or representatives as of the date set forth in the preamble hereto. 
  

			
	SERVICER:
	
	NEUBERGER BERMAN GROUP LLC
		
	By:	 	 /s/ Heather P. Zuckerman

	Name:	 	Heather P. Zuckerman
	Title:	 	Chief of Staff
	
	BUYER:
	
	BLUE OWL CAPITAL INC.
		
	By:	 	 /s/ Alan Kirshenbaum

	Name:	 	Alan Kirshenbaum
	Title:	 	Chief Financial Officer

 Signature Page to Transition Services Agreement 

 Exhibit A 

Service Exhibit 
 See
attached. 
 Exhibit A to the Transition Services Agreement 

 Exhibit B 

TSA Liaisons 
 Servicer: Philip Ho

 Buyer: Andrew Polland 
 Exhibit
B to the Transition Services Agreement

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