Document:

EX-10.5

 Exhibit 10.5 

LUMENTUM HOLDINGS INC. 

CHANGE IN CONTROL BENEFITS PLAN 

1. Introduction. 

This Lumentum Holdings Inc. (“Company”) Change in Control Benefits Plan (the “Plan”) is established
effective [            ], 2015 (the “Effective Date”). 

(a) Purpose. The purpose of the Plan is to provide certain benefits to Eligible Executives (as defined below) whose employment is
terminated in connection with a Change in Control (as defined below). 
 (b) Participants. Each Eligible Executive shall be a
“Participant” in the Plan. 
 2. Definition of Terms. The following capitalized terms used in this Plan shall have
the following meanings: 
 (a) “Cause” means (i) gross negligence or willful misconduct in the performance of a
Participant’s duties to Employer; (ii) a material and willful violation of any federal or state law by a Participant that if made public would injure the business or reputation of Employer; (iii) refusal or willful failure by a
Participant to comply with any specific lawful direction or order of Employer or the material policies and procedures of Employer, including but not limited to Employer’s Code of Business Conduct and Inside Information and Securities
Transactions policy, as well as any obligations concerning proprietary rights and confidential information of Employer; (iv) conviction (including a plea of nolo contendere) of a Participant of a felony, or of a misdemeanor that would
have a material adverse effect on Employer’s goodwill if such Participant were to be retained as an employee of Employer; or (v) substantial and continuing willful refusal by a Participant to perform duties ordinarily performed by an
employee in the same position and having similar duties as such Participant; in each case as reasonably determined by the Committee or the Board of Directors of Company or Employer or the successor to Company or Employer. 

(b) “Change in Control” means the occurrence of one or more of the following with respect to Company: 

(i) the acquisition by any person (or related group of persons), whether by tender or exchange offer made directly to Company’s
stockholders, open market purchases or any other transaction or series of transactions, of stock of Company that, together with stock of Company held by such person or group, constitutes more than fifty percent (50%) of the total fair market
value or total voting power of the then outstanding stock of Company entitled to vote generally in the election of the members of Company’s Board of Directors; 

(ii) a merger or consolidation in which Company is not the surviving entity, except for a transaction in which both (A) securities
representing more than fifty percent (50%) of the total combined voting power of the surviving entity are beneficially owned (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934), directly or indirectly,
immediately after such merger or consolidation by persons who beneficially owned 

 
Company common stock immediately prior to such merger or consolidation and (B) the members of Company’s Board of Directors immediately prior to the transaction (the “Existing
Board”) constitute a majority of the Board of Directors of the surviving entity or its parent entity immediately after such merger or consolidation; 

(iii) any reverse merger in which Company is the surviving entity but in which either (A) persons who beneficially owned, directly or
indirectly, Company common stock immediately prior to such reverse merger do not retain immediately after such reverse merger direct or indirect beneficial ownership of securities representing more than fifty percent (50%) of the total combined
voting power of Company’s outstanding securities or (B) the members of the Existing Board do not constitute a majority of the Board of Directors of the Company’s parent entity immediately after such reverse merger; or 

(iv) the sale, transfer or other disposition of all or substantially all of the assets of Company (other than a sale, transfer or other
disposition to one or more subsidiaries of Company). 
 Notwithstanding the foregoing, to the extent that any amount constituting
nonqualified deferred compensation within the meaning of Section 409A of the Internal Revenue Code (the “Code) (including any applicable final, proposed or temporary regulations and other administrative guidance promulgated
thereunder) would become payable under this Plan by reason of a Change in Control, such amount shall become payable only if the event constituting a Change in Control would also constitute a change in ownership or effective control of Company or a
change in the ownership of a substantial portion of the assets of Company within the meaning of Section 409A of the Code. 
 (c)
“Committee” means the Compensation Committee of the Board of Directors of Company or a successor to Company. 
 (d)
“Coverage Period” with respect to a Participant means the period (i) beginning upon the public announcement by Company of its intent to consummate a Change in Control and (ii) ending twelve (12) months
following the consummation of such Change in Control, as applicable. 
 (e) “Disability” means a mental or physical
disability, illness or injury, evidenced by medical reports from a duly qualified medical practitioner, which renders a Participant unable to perform any one or more of the essential duties of his or her position after the provision of reasonable
accommodation, if applicable, for a period of greater than ninety (90) days within a one-year period. “Disabled” has a corresponding meaning. 

(f) “Eligible Executive” means an individual employed by Company or any of its subsidiaries in the United States or Canada
and on a United States or Canada payroll (i) at the level of Senior Vice President (E200) or above, who either (1) holds one or more of the following positions or their functional equivalents: Chief Financial Officer, Chief Administrative
Officer, Chief Legal Officer, Chief Information Officer, Chief Marketing Officer, Chief Research & Development Officer, Chief Operations Officer, Global Sales Officer and the senior executive responsible for Human Resources, or (2) is
designated in writing by the Chief 

  
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Executive Officer as being an Eligible Executive, subject to subsequent review and ratification by the Committee at its discretion; or (ii) at the level of Vice President (E100) or above,
who holds the position of VP Laser Product Line Management, VP Optical Communications Product Line Management, VP Strategy and Corporate Development, or VP General Counsel. 

(g) “Employer” with respect to a Participant means Company and each subsidiary of Company employing or formerly employing
Participant, and each successor to Company or subsidiary of Company. 
 (h) “Good Reason” means a Participant’s
resignation from Employer within ninety (90) days following the occurrence of any of the following events with respect to such Participant: 

(i) without Participant’s express written consent, a material adverse change in Participant’s duties, authority, responsibilities,
job title or reporting relationships relative to Participant’s duties, authority, responsibilities, job title, or reporting relationships as in effect immediately prior to such change in Participant’s duties, authority, responsibilities,
job title, or reporting relationships; provided, however, that the occurrence of a Change in Control shall not, in and of itself, constitute a material adverse change in Participant’s duties, authority, responsibilities, job title or reporting
relationships; 
 (ii) a material reduction by Employer in the base salary of Participant as in effect immediately prior to such reduction;

 (iii) a material reduction by Employer in Participant’s annual bonus opportunity as in effect immediately prior to such reduction;

 (iv) the relocation of Participant’s principal work location to a facility or a location more than fifty (50) miles from
Participant’s then present principal work location, without Participant’s express written consent; or 
 (v) the failure of
Company or Employer to obtain agreement from any successor contemplated in Section 6 below to provide the benefits provided for in this Plan, as it exists as the time of succession. 

(i) “Separation from Service” means a separation from service (as such term is defined under Treasury Regulations
Section 1.409A-1(h), without regard to any alternate definitions thereunder) with Company, each subsidiary of Company, and each successor to Company. 

(j) “Termination Date” means the date of a Participant’s Separation from Service. 

3. Eligibility for Severance and Other Benefits. Participants will receive the benefits described herein under the following
circumstances: 
 (a) Termination in Connection with a Change in Control. In the event of a Participant’s Separation from
Service either by Employer without Cause or by such Participant 

  
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for Good Reason at any time during the Coverage Period applicable to a Change in Control, then, conditioned upon Participant’s execution and delivery of a release of claims against
Company, Employer and related parties that releases Company, Employer and such parties from any claims whatsoever arising from or related to Participant’s employment relationship with Employer, including the termination of that relationship, in
a form reasonably acceptable to Employer and Participant (the “Release”), and provided that any statutory revocation period has expired without the Release having been revoked so that the Release becomes effective on or before the
sixtieth (60th) day following the Termination Date (such 60th day being the “Release Deadline Date”), Participant will receive the following:  

(i) Participant’s right, title and entitlement to any and all unvested equity-based awards that have been granted or issued to
Participant as of the Termination Date by Company (A) that are subject to time-based vesting conditions shall automatically be accelerated in full so as to become immediately and completely vested, and (B) that are subject to
performance-based vesting conditions with a “target” achievement level shall automatically be accelerated at 100% of such “target” achievement level so as to become immediately and completely vested and fully exercisable. Such
acceleration of vesting and exercisability shall be effective upon the later of the Release Deadline Date or the consummation of the Change in Control. Notwithstanding any other provision in the relevant equity incentive plan and/or notice of grant
and grant agreement to the contrary, all such equity-based awards which are stock options shall remain fully exercisable for the shorter of (a) two (2) years from the Termination Date, or (b) the remaining term of the stock option as
provided in the relevant notice of grant and grant agreement. In all other respects, Participant’s equity-based awards shall continue to be subject to the terms of the applicable equity incentive plan, notice of grant and grant agreement. 

(ii) a lump sum cash payment within ten (10) days following the later of the Release Deadline Date or the consummation of the Change in
Control in an amount equal to two (2) years’ salary at Participant’s base salary rate as of the Termination Date (without taking into account any reduction in base salary that could trigger Participant’s resignation for Good
Reason), less applicable withholding taxes or other withholding obligations of Employer and less any amounts to which Participant is otherwise entitled under any statutory or Employer long-term or short-term disability plan; and 

(iii) if Participant elects benefits continuation under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)
following Separation from Service, payment of the full monthly cost of such benefits (either directly to Participant, including reimbursement for the cost of such benefits paid by Participant prior to the commencement of Employer-paid benefits, or
to the appropriate carrier or administrator at Employer’s election) for a period of twelve (12) months following the Termination Date until such time as Participant becomes ineligible for continued benefits under COBRA (the period of such
payments the “COBRA Payment Period”), provided that, in the event Employer determines, in its sole discretion, that the payment of the COBRA premiums pursuant to this subsection would result in a violation of the
nondiscrimination rules of Section 105(h)(2) of the Code or any statute or regulation of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education
Reconciliation Act), then in lieu of providing the COBRA premiums, Employer, in its sole discretion, may elect to instead pay such Participant on or before the first day of each month of the COBRA Payment

  
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Period, a fully taxable cash payment equal to the COBRA premiums for that month, subject to applicable tax withholdings (such amount, the “Additional Severance Payment”), for the
remainder of the COBRA payment period. Such Participant may, but is not obligated to, use such Additional Severance Payment toward the cost of COBRA premiums. 

(b) Voluntary Resignation; Termination for Cause. If a Participant’s employment terminates by reason of voluntary resignation
(which is not for Good Reason), or if a Participant is terminated for Cause, then such Participant shall not be entitled to receive any compensation or benefits under Section 3(a). 

(c) Disability. If a Participant suffers from a Disability, Employer may terminate such Participant’s employment to the extent
permitted by law and, if such Separation from Service occurs within twelve (12) months following a Change in Control, then, subject to satisfaction of the Release conditions described in Section 3(a) by Participant (or, in the event of
Participant’s death or incapacity, Participant’s executor, representative or guardian, as applicable), Employer will provide to Participant or Participant’s estate the compensation and benefits at the time and in the manner set forth
in Section 3(a). 
 (d) Death. If a Participant’s employment is terminated due to the death of such Participant within
twelve (12) months following a Change in Control, then, subject to satisfaction of the Release conditions described in Section 3(a) by Participant’s executor or representative, Employer shall provide to Participant’s estate the
compensation and benefits at the time and in the manner set forth in Section 3(a). 
 (e) Termination Not in Connection With a
Change in Control. In the event a Participant’s employment terminates for any reason or no reason, whether on account of Disability, death, or otherwise, on a date that is not within the Coverage Period with respect to a Change in Control,
then such Participant shall not be entitled to receive any compensation or benefits under Section 3(a). 
 (f) Coordination with
Other Change in Control Benefits, Severance Benefits or Debts. If a Participant is entitled to cash payments, accelerated vesting of equity-based awards, or any other benefits from Company or Employer following the termination of such
Participant’s employment during the Coverage Period with respect to a Change in Control under any other agreement, plan, policy or law, then the benefits received by that Participant under this Plan shall be reduced by the benefits received by
Participant from Company or Employer under such other plans, programs, arrangements, agreements or requirements. If a Participant is indebted to Company or Employer at the time of a termination that would give rise to severance benefits under
Section 3(a), Company or Employer reserves the right to offset such severance benefits under the Plan by the amount of such indebtedness (but only to the extent that such offset would not result in additional tax under Section 409A of the
Code). 
 4. At-Will Employment. Subject only to any individual written agreement between Employer and a Participant to the contrary,
each Participant’s employment is and shall continue to be at-will, as defined under applicable law. If a Participant’s employment terminates for any reason other than as specified in Section 3, such Participant shall not be entitled
to any benefits, damages, awards or compensation under this Plan. 

  
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 5. Tax Matters. 

(a) Section 409A. Payments and benefits that may be provided pursuant to this Plan are intended to be exempt from treatment as
deferred compensation subject to Section 409A of the Code by reason of the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury
Regulation Section 1.409A-1(b)(9)(iii), or otherwise. Notwithstanding any inconsistent provision of this Plan, to the extent Employer determines in good faith that (a) one or more of the payments or benefits received or to be received by a
Participant pursuant to this Plan in connection with such Participant’s termination of employment would constitute deferred compensation subject to the rules of Section 409A, and (b) that Participant is a “specified
employee” under Section 409A, then only to the extent required to avoid Participant’s incurrence of any additional tax or interest under Section 409A of the Code, such payment or benefit will be delayed until the date which is
six (6) months after Participant’s Separation from Service (the “Delayed Payment Date”). All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid in a
lump sum on the Delayed Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the Delayed Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms
of this Plan. 
 (b) Section 280G. In the event that any payments or other benefits provided for in this Plan or otherwise to a
Participant would (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) become subject to the excise tax imposed by Section 4999 of the Code (or any corresponding provisions of
state tax law), then, notwithstanding the other provisions of this Plan, such Participant’s compensation and benefits under Section 3 will not exceed the amount which produces the greatest after-tax benefit to Participant. For purposes of
the foregoing, the greatest after-tax benefit will be determined by Participant in his/her sole discretion on or before the later of thirty (30) days after the Termination Date or ten (10) days after the consummation of the Change in
Control. If no such determination is made by Participant within such period, then Company or Employer will pay the benefits as provided in Section 3. 

(c) Tax Withholding. Employer may withhold from any amounts payable under the Plan such federal, state and local taxes as may be
required to be withheld. 
 6. Company’s Successors. Company shall require that any successor to Company (whether direct or
indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of Company’s business and/or assets shall agree to perform in accordance with this Plan in the same manner and to the same extent as
Company would be required to perform such obligations in the absence of a succession. 
 7. Exclusive Benefits. Participants shall
not be entitled to any payments, compensation, benefits or other consideration from Company or Employer, apart from those identified in Section 3, on account of a termination of employment during the Coverage Period with respect to a Change in
Control. 

  
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 8. Severability, Enforcement. If any provision of this Plan, or the application thereof to
any person, place or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable or void, the remainder of this Plan and such provisions as applied to other persons, places and circumstances shall remain in full
force and effect. 
 9. Claim for Benefits. 

(a) ERISA Plan. This Plan is intended to be (a) an employee welfare benefit plan as defined in Section 3(1) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), and (b) a “top-hat” plan maintained for the benefit of a select group of management or highly compensated employees of Company and its subsidiaries. 

(b) Application for Benefits. All applications for payments and/or benefits under the Plan (“Benefits”) shall be
submitted to Company’s Vice President, Human Resources (the “Claims Administrator”), with a copy to Company’s Chief Financial Officer. Applications for Benefits must be in writing on forms acceptable to the Claims
Administrator and must be signed by the Participant or beneficiary. The Claims Administrator reserves the right to require the Participant or beneficiary to furnish such other proof of the Participant’s expenses, including without limitation,
receipts, canceled checks, bills, and invoices as may be required by the Claims Administrator. 
 (c) Appeal of Denial of Claim. 

(i) If a claimant’s claim for Benefits is denied, the Claims Administrator shall provide notice to the claimant in writing of the denial
within ninety (90) days after its submission. The notice shall be written in a manner calculated to be understood by the claimant and shall include: 

(A) The specific reason or reasons for the denial; 

(B) References to the specific Plan provisions on which the denial is based; 

(C) A description of any additional material or information necessary for the applicant to perfect the claim and an explanation of why such
material or information is necessary; and 
 (D) An explanation of the Plan’s claims review procedures and time limits applicable to
such procedures, including a statement of claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination. 

(ii) If special circumstances require an extension of time for processing the initial claim, a written notice of the extension and the reason
therefor shall be furnished to the claimant before the end of the initial ninety (90) day period. In no event shall such extension exceed ninety (90) days. 

(iii) If a claim for Benefits is denied, the claimant, at the claimant’s sole expense, may appeal the denial to the Committee (the
“Appeals Administrator”) within sixty (60) days of the receipt of written notice of the denial. In pursuing such appeal the claimant or his or her duly authorized representative: 

  
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 (A) may request in writing that the Appeals Administrator review the denial; 

(B) may review pertinent documents; and 

(C) may submit issues and comments in writing. 

(iv) The decision on review shall be made within sixty (60) days of receipt of the request for review, unless special circumstances
require an extension of time for processing, in which case a decision shall be rendered as soon as possible, but not later than one hundred twenty (120) days after receipt of the request for review. If such an extension of time is required,
written notice of the extension shall be furnished to the claimant before the end of the original sixty (60) day period. The decision on review shall be made in writing, shall be written in a manner calculated to be understood by the claimant,
and, if the decision on review is a denial of the claim for Benefits, shall include: 
 (A) The specific reason or reasons for the denial;

 (B) References to the specific Plan provisions on which the denial is based; 

(C) A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, the Plan and
all documents, records and other information relevant to his or her claim for benefits; and 
 (D) A statement of claimant’s right to
bring a civil action under ERISA Section 502(a) following an adverse benefit determination. 
 (d) Exhaustion of Administrative
Remedies. The exhaustion of these claims procedures is mandatory for resolving every claim and dispute arising under the Plan. As to such claims and disputes: 

(i) No claimant shall be permitted to commence any legal action to recover benefits or to enforce or clarify rights under the Plan under
Section 502 or Section 510 of ERISA or under any other provision of law, whether or not statutory, until these claims procedures have been exhausted in their entirety; and 

(ii) In any such legal action, all explicit and implicit determinations by the Claims Administrator (including, but not limited to,
determinations as to whether the claim, or a request for a review of a denied claim, was timely filed) shall be afforded the maximum deference permitted by law. 

  
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 10. General. 

(a) Administration. Except as otherwise specifically set forth in this Plan, the Committee has full discretionary authority to
administer and interpret this Plan, including (without limitation) discretionary authority to determine eligibility for benefits and the amount of benefits. Decisions of the Committee made in good faith upon any matter within the scope of its
authority shall be final, conclusive and binding upon all persons. 
 (b) Unfunded Obligations. The amounts to be paid to
Participants under the Plan are unfunded obligations of Company. Company is not required to segregate any monies or other assets from its general funds with respect to these obligations. Participants shall not have any preference or security
interest in any assets of the Company other than as a general unsecured creditor. 
 (c) Benefits Not Assignable. Neither a
Participant nor any other person shall have any right to sell, assign, transfer, pledge, anticipate or otherwise encumber, transfer, hypothecate or convey any amounts payable under the Plan prior to the date that such amounts are paid. 

(d) Clawback. Without the consent of any Participant, the obligations of Company to make a payment pursuant to this Plan shall be
subject to (i) the terms and conditions of a policy on the recoupment of incentive compensation as shall be adopted by Company to implement the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
(the “Dodd-Frank Act”) or other mandate under law applicable to such payment, or (ii) a determination by the Committee that an action with regard to such payment is appropriate after obtaining in connection with a Change in
Control a stockholder advisory vote required by Section 951 of the Dodd-Frank Act, or any successor provision, on golden parachute compensation arrangements, provided that such payment is a subject of that advisory vote. 

(e) Notice. Notices and all other communications contemplated by this Plan shall be in writing and shall be deemed to have been duly
given either (i) when personally delivered or sent by facsimile or (ii) five (5) days after being mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of a Participant, mailed notices
shall be addressed to him or her at the home address or facsimile number which he or she most recently communicated to Employer in writing. In the case of Employer, mailed notices or notices sent by facsimile shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its General Counsel or Chief Financial Officer. 
 (f) Amendment.
Prior to a Change in Control, Company reserves the right to amend or terminate this Plan upon written notice to Participants. Upon a Change in Control, this Plan will become non-modifiable without the consent of the affected Participant(s). 

(g) Governing Law. To the extent not pre-empted by federal law, the Plan shall be construed in accordance with and governed by the laws
of the State of California without regard to conflicts of law principles. 

  
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 (c) Plan Termination. The Plan shall terminate on June 30, 2018 (the “Plan
Termination Date”), provided that the Plan shall not terminate, and shall continue in full force and effect and not shall not be terminable by any action of Company or a successor in interest to Company, in the event of the occurrence of a
Change in Control on or before the Plan Termination Date. 
 11. Execution. To record the adoption of the Plan as set forth herein,
effective as of [            ], 2015, Lumentum Holdings Inc. has caused its duly authorized officer to execute the same. 

 

			
	LUMENTUM HOLDINGS INC.
		
	 By:
		  

 
			
		
	 Name:
		  

 
			
		
	 Title:
		  

  
 10EX-10.6

 Exhibit 10.6 

INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT, dated
[—], is made between Lumentum Holdings Inc., a Delaware corporation (the “Company”), and [—] (the
“Indemnitee”). 
 RECITALS 

A. The Company desires to attract and retain the services of talented and experienced individuals, such as Indemnitee, to serve as directors
and officers of the Company and its subsidiaries and wishes to indemnify its directors and officers to the maximum extent permitted by law; 

B. The Company and Indemnitee recognize that corporate litigation in general has subjected directors and officers to expensive litigation
risks; 
 C. Section 145 of the General Corporation Law of Delaware, under which the Company is organized
(“Section 145”), empowers the Company to indemnify its directors and officers by agreement and to indemnify persons who serve, at the request of the Company, as the directors and officers of other corporations or
enterprises, and expressly provides that the indemnification provided by Section 145 is not exclusive; 
 D. Section 145(g) allows
for the purchase of management liability (“D&O”) insurance by the Company, which in theory can cover asserted liabilities without regard to whether they are indemnifiable by the Company or not; 

E. Individuals considering service or presently serving as directors or officers, or in other indemnifiable capacities, expect to be extended
market terms of indemnification commensurate with their position, and that entities such as Company will endeavor to maintain appropriate D&O insurance; and 

F. In order to induce Indemnitee to serve or continue to serve as a director or officer of the Company and/or one or more subsidiaries of the
Company, or otherwise serve the Company in an indemnifiable capacity as set forth below, the Company and Indemnitee enter into this Agreement. 

AGREEMENT 

NOW, THEREFORE, Indemnitee and the Company hereby agree as follows: 

1. Definitions. As used in this Agreement: 

(a) “Agent” means any person who is or was a director, officer, employee 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 interests of the Company or a subsidiary of the Company as a director, officer, employee or agent of another foreign or domestic corporation, limited
liability company, employee benefit plan, nonprofit entity, 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. 

(b) “Board” means the Board of Directors of the Company. 

  
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 (c) A “Change in Control” shall be deemed to have occurred if
(i) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than a trustee or other fiduciary holding securities under an employee benefit
plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the total voting power represented by the Company’s then outstanding voting securities,
(ii) during any period of two consecutive years, individuals who at the beginning of such period constituted the Board, together with any new directors whose election by the Board or nomination for election by the Company’s stockholders
was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination was previously so approved, cease for any reason to constitute a majority of
the Board, (iii) the stockholders of the Company approve a merger or consolidation or a sale of all or substantially all of the Company’s assets with or to another entity, other than a merger, consolidation or asset sale that would result
in the holders of the Company’s outstanding voting securities immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least a majority of the
total voting power represented by the voting securities of the Company or such surviving or successor entity outstanding immediately thereafter, and such merger, consolidation or sale is not abandoned (iv) the stockholders of the Company
approve a plan of complete liquidation of the Company and such plan is not abandoned, or (v) 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 in response to
any similar item on any similar schedule or form) promulgated under the Exchange Act, whether or not the Company is then subject to such reporting requirement. 

(d) “Expenses” shall include all
out-of-pocket costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements), actually and reasonably
incurred by Indemnitee in connection with either the investigation, defense, or appeal of a Proceeding, or establishing or enforcing a right to indemnification under this Agreement, or 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. 

(e) “Independent Counsel” means a law firm, or a partner (or, if applicable, member) of such a law firm, that is
experienced in relevant matters of corporation law and neither currently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party or (ii) any other party to
or witness in the proceeding giving rise to a claim for indemnification hereunder. But “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of
interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. Where Independent Counsel is required to be retained by this Agreement, such Independent Counsel shall be retained at
the Company’s sole expense. 
 (f) “Proceeding” means any threatened, pending, or completed action, claim,
suit, arbitration, alternate dispute resolution mechanism, investigation, administrative hearing, or any other proceeding whether formal or informal, civil, criminal, administrative, or investigative, including any such investigation or proceeding
instituted by or on behalf of the Corporation or the Board, in which Indemnitee is or reasonably may be involved as a party or target, that is associated with Indemnitee’s being an Agent of the Corporation. 

(g) “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/or one or more other subsidiaries. 

  
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 2. Agreement to Serve. Indemnitee agrees to serve and/or continue to serve as an Agent of
the Company, at its will (or under separate agreement, if such agreement exists), in the capacity Indemnitee currently serves as an Agent of the Company, so long as Indemnitee is duly appointed or elected and qualified in accordance with the
applicable provisions of the Bylaws of the Company or any subsidiary of the Company or until such time as Indemnitee tenders his or her resignation in writing; provided, however, that nothing contained in this Agreement is intended to
create any right to continued employment or other service by Indemnitee. 
 3. Liability Insurance. 

(a) Maintenance of D&O Insurance. The Company hereby covenants and agrees that, so long as Indemnitee shall continue to serve as an
Agent of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding by reason of the fact that Indemnitee was an Agent of the Company, the Company, subject to Section 3(c), shall promptly obtain and maintain in
full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable amounts from established and reputable insurers of a minimum A.M. Best rating of A- VII, and as more fully
described below. In the event of a Change in Control, the Company shall, as set forth in Section (c) below, either: i) maintain such D&O Insurance for six years following a Change of Control; or ii) purchase a six year tail for such D&O
Insurance. Should a tail policy be purchased, reasonable efforts shall be made to try to obtain the coverage through Company’s D&O insurance broker at that time, and under the same or better terms and limits in place at that time. 

(b) Rights and Benefits. In all policies of D&O Insurance, Indemnitee shall qualify as an insured in such a manner as to provide
Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s Agents who are serving in the same capacity as Indemnitee. 

(c) Limitation on Required Maintenance of D&O Insurance. Notwithstanding the foregoing, the Company shall have no obligation to
obtain or maintain D&O Insurance at all, or of any type, terms, or amount, if the Company determines in good faith and after using commercially reasonable efforts 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 so as to provide an insufficient or unreasonable benefit; Indemnitee is covered by similar insurance maintained by a subsidiary of
the Company; or the Company is to be acquired and a tail policy of reasonable terms and duration can be purchased for pre-closing acts or omissions by Indemnitee. 

4. Mandatory Indemnification. Subject to the terms of this Agreement: 

(a) Third Party Actions. If Indemnitee is a person who was or is a party or is threatened to be made a party to any Proceeding (other
than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was an Agent of the Company, or by reason of anything done or not done by Indemnitee in any such capacity, the Company shall indemnify Indemnitee against
all Expenses and liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the
investigation, defense, settlement or appeal of such Proceeding, provided Indemnitee acted in good faith and in a manner Indemnitee 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. 
 (b) Derivative Actions. If 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 by reason of the fact that Indemnitee is or was an Agent of the Company, or by reason of anything done or not done by Indemnitee
in any such capacity, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of such Proceeding, provided Indemnitee acted in
good faith and in a manner Indemnitee reasonably 

  
 3 

 
believed to be in or not opposed to the best interests of the Company; except that no indemnification under this Section 4(b) shall be made in respect to any claim, issue or matter as to
which Indemnitee shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction unless and only to the extent that the Delaware Court of Chancery 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 indemnity for such amounts which the Delaware Court of Chancery or such other court shall deem proper. 

(c) Actions where Indemnitee is Deceased. If Indemnitee is a person who was or is a party or is threatened to be made a party to any
Proceeding by reason of the fact that Indemnitee is or was an Agent of the Company, or by reason of anything done or not done by Indemnitee in any such capacity, and if, prior to, during the pendency of or after completion of such Proceeding
Indemnitee is deceased, the Company shall indemnify Indemnitee’s heirs, executors and administrators against all Expenses and liabilities of any type whatsoever to the extent Indemnitee would have been entitled to indemnification pursuant to
this Agreement were Indemnitee still alive. 
 (d) Certain Terminations. 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 create a presumption that Indemnitee did
not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal action or Proceeding, that Indemnitee had reasonable cause to believe that
Indemnitee’s conduct was unlawful. 
 (e) Limitations. Notwithstanding the foregoing provisions of Sections 4(a), 4(b), 4(c) and
4(d) hereof, but subject to the exception set forth in Section 13 which shall control, the Company shall not be obligated to indemnify the Indemnitee for Expenses or liabilities of any type whatsoever for which payment (and the Company’s
indemnification obligations under this Agreement shall be reduced by such payment) is actually made to or on behalf of Indemnitee, by the Company or otherwise, under a corporate insurance policy, or under a valid and enforceable indemnity clause,
right, by-law, or agreement; and, in the event the Company has previously made a payment to Indemnitee for an Expense or liability of any type whatsoever for which payment is actually made to or on behalf of the Indemnitee from any such source,
Indemnitee shall return to the Company the amounts subsequently received by the Indemnitee from that source. 
 (f) Witness. In the
event that Indemnitee is not a party or threatened to be made a party to a Proceeding, but is subpoenaed (or given a written request to be interviewed by or provide documents or information to a government authority) in such a Proceeding by reason
of the fact that the Indemnitee is or was an Agent of the Company, or by reason of anything witnessed or allegedly witnessed by the Indemnitee in that capacity, the Company shall indemnify the Indemnitee against all actually and reasonably incurred
out of pocket costs (including without limitation legal fees) incurred by the Indemnitee in responding to such subpoena or written request for an interview. As a condition to this right, Indemnitee must provide notice of such subpoena or written
request to the Company within 14 days of receipt of such subpoena or written request, otherwise the Company’s obligation to pay such costs shall only attach for costs incurred from the date of notice. 

5. Indemnification for Expenses in a Proceeding in Which Indemnitee is Wholly or Partly Successful. 

(a) Successful Defense. Notwithstanding any other provisions of this Agreement, to the extent Indemnitee has been successful, on the
merits or otherwise, in defense of any Proceeding (including, without limitation, an action by or in the right of the Company) in which Indemnitee was a party by reason of the fact that Indemnitee is or was an Agent of the Company at any time, the
Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by or on behalf of Indemnitee in connection with the investigation, defense or appeal of such Proceeding. 

  
 4 

 (b) Partially Successful Defense. Notwithstanding any other provisions of this Agreement,
to the extent that Indemnitee is a party to any Proceeding (including, without limitation, an action by or in the right of the Company) in which Indemnitee was a party by reason of the fact that Indemnitee is or was an Agent of the Company at any
time and is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by or on behalf of
Indemnitee in connection with each successfully resolved claim, issue or matter. 
 (c) Dismissal. 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. 

(d) Contribution. If the indemnification provided in this Agreement is unavailable and may not be paid to Indemnitee, then to the
extent allowed by law, in respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or 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 Indemnitee in such proportion as is appropriate to reflect (i) the relative
benefits received by the Company on the one hand and Indemnitee on the other hand from the transaction from which such action, suit or proceeding arose, and (ii) the relative fault of Company on the one hand and of Indemnitee on the other 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 of the Company on the one hand and of Indemnitee on the other shall be
determined by reference to, among other things, the parties’ relative intent, knowledge, access to information, active or passive conduct, 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 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable
considerations. 
 (e) Settlements by Company. The Company shall not settle any action, claim, or Proceeding (in whole or in part)
that would impose any Expense, settlement, judgment, fine, penalty, or limitation on Indemnitee, without Indemnitee’s prior written consent, which shall not be unreasonably withheld; provided, however, that, with respect to settlements
requiring solely the payment of money either by the Company or by Indemnitee for which the Company is obligated to reimburse Indemnitee promptly and completely, in either case without recourse to Indemnitee, no such consent of Indemnitee shall be
required. Indemnitee shall not settle any action, claim or Proceeding (in whole or in part) that would impose any Expense, judgment, fine, penalty or limitation on the Company without the Company’s prior written consent, such consent not to be
unreasonably withheld. 
 6. Mandatory Advancement of Expenses. 

(a) Subject to the terms of this Agreement and following notice pursuant to Section 7(a) below, the Company shall advance, interest free,
all Expenses reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any Proceeding to which Indemnitee is a party or is threatened to be made a party by reason of the fact that Indemnitee is or was
an Agent of the Company (unless there has been a final determination such that Indemnitee is not entitled to indemnification for such Expenses) upon receipt satisfactory documentation supporting such Expenses. Such advances are intended to be an
obligation of the Company to Indemnitee hereunder and shall in no event be deemed to be a personal loan. Such advancement of Expenses shall otherwise be unsecured and without regard to Indemnitee’s ability to repay. The advances to be made
hereunder shall be paid by the Company to 

  
 5 

 
Indemnitee within 30 days following delivery of a written request therefor by Indemnitee to the Company, which request shall be delivered with such documentation and information as is reasonably
available to the Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to advancement (which shall include without limitation reasonably detailed invoices for legal services, but with disclosure of
confidential work product not required). The Company shall discharge its advancement duty by, at its option, (a) paying such Expenses on behalf of Indemnitee, (b) advancing to Indemnitee funds in an amount sufficient to pay such Expenses,
or (c) reimbursing Indemnitee for Expenses already paid by Indemnitee. In the event that the Company fails to pay Expenses as incurred by Indemnitee as required by this paragraph, Indemnitee may seek mandatory injunctive relief (including
without limitation specific performance) in Delaware Chancery Court to require the Company to pay Expenses as set forth in this paragraph. If Indemnitee seeks mandatory injunctive relief pursuant to this paragraph, it shall not be a defense to
enforcement of the Company’s obligations set forth in this paragraph that Indemnitee has an adequate remedy at law for damages. 
 (b)
Undertakings. Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which constitutes an undertaking whereby Indemnitee promises to repay any amounts advanced if and to the extent that it
shall ultimately be determined that Indemnitee is not entitled to indemnification by the Company. 
 7. Notice and Other Indemnification
Procedures. 
 (a) Notice by Indemnitee. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of
commencement of any Proceeding, Indemnitee shall, if Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company in writing of the commencement or threat of commencement
thereof; provided, however, that a delay in giving such notice will not deprive Indemnitee of any right to be indemnified under this Agreement unless, and then only to the extent that, the Company did not otherwise learn of the
Proceeding and such delay is materially prejudicial to the Company; and, provided, further, that notice will be deemed to have been given without any action on the part of Indemnitee in the event the Company is a party to the same
Proceeding and has notice thereof. 
 (b) Insurance. If the Company receives notice pursuant to Section 7(a) hereof of the
commencement of a Proceeding that may be covered under D&O Insurance then in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective
policies. 
 (c) Defense. In the event the Company shall be obligated to pay the Expenses of any Proceeding against Indemnitee, the
Company shall be entitled to assume the defense of such Proceeding, with counsel selected by the Company and approved by Indemnitee (which approval shall not be unreasonably withheld), upon the delivery to Indemnitee of written notice of the
Company’s election so to do. After delivery of such notice, and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with
respect to the same Proceeding, provided that (i) Indemnitee shall have the right to employ his or her own counsel in any such Proceeding at Indemnitee’s expense; and (ii) Indemnitee shall have the right to employ his or her own
counsel in any such Proceeding at the Company’s expense if (A) the Company has authorized the employment of counsel by Indemnitee at the expense of the Company; (B) Indemnitee shall have reasonably concluded based on the written
advice of Indemnitee’s legal counsel that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense; or (C) the Company shall not, in fact, have employed counsel to assume the defense of such
Proceeding. In addition to all the requirements above, if the Company has D&O Insurance, or other insurance, with a panel counsel requirement that may cover the matter for which indemnity is claimed by Indemnitee, then Indemnitee shall use
such panel counsel or other counsel approved by the insurers, unless there is an actual conflict of interest posed by representation by all such counsel, or unless and to the extent Company waives such requirement in writing. Indemnitee and his
counsel shall provide reasonable cooperation with such insurer on request of the Company. 

  
 6 

 8. Right to Indemnification. 

(a) Right to Indemnification. In the event that Section 5(a) is inapplicable, the Company shall indemnify Indemnitee pursuant to
this Agreement unless, and except to the extent that, it shall have been determined by one of the methods listed in Section 8(b) that Indemnitee has not met the applicable standard of conduct required to entitle Indemnitee to such
indemnification. 
 (b) Determination of Right to Indemnification. A determination of Indemnitee’s right to indemnification
under this Section 8 shall be made at the election of the Board by (i) a majority vote of directors who are not parties to the Proceeding for which indemnification is being sought, even though less than a quorum, or by a committee
consisting of directors who are not parties to the Proceeding for which indemnification is being sought, who, even though less than a quorum, have been designated by a majority vote of the disinterested directors, or (ii) if there are no such
disinterested directors or if the disinterested directors so direct, by Independent Counsel chosen by the Company in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. However, in the event there has been a Change in
Control, then the determination shall, at Indemnitee’s sole option, be made by Independent Counsel as in (b)(ii), above, with Indemnitee choosing the Independent Counsel subject to Company’s consent, such consent not to be unreasonably
withheld. 
 (c) Submission for Decision. As soon as practicable, and in no event later than 30 days after Indemnitee’s written
request for indemnification, the Board shall select the method for determining Indemnitee’s right to indemnification and as soon as is reasonably practicable (but in any event not later than 30 days) after final disposition of the relevant
Proceeding, a determination shall be made in accordance with Section 7(b) with respect to Indemnitee’s entitlement to indemnification hereunder. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee
shall be made within 30 days after such determination. Indemnitee shall cooperate with the person or persons or entity making such determination with respect to Indemnitee’s right 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
Independent Counsel or member of the Board shall act reasonably and in good faith in making a determination regarding Indemnitee’s entitlement to indemnification under this Agreement. 

(d) Application to Court. If (i) a claim for indemnification or advancement of Expenses is denied, in whole or in part,
(ii) no disposition of such claim is made by the Company within 60 days after the request therefore, (iii) the advancement of Expenses is not timely made pursuant to Section 6 of this Agreement or (iv) payment of indemnification
is not made pursuant to Section 5 of this Agreement, Indemnitee shall have the right to apply to the Delaware Court of Chancery for the purpose of enforcing Indemnitee’s right to indemnification (including the advancement of Expenses)
pursuant to this Agreement. Upon written request by Indemnitee, the Company shall consent to service of process. 
 (e) Expenses Related
to the Enforcement or Interpretation of this Agreement. The Company shall indemnify Indemnitee against all reasonable Expenses incurred by Indemnitee in connection with any hearing or proceeding under this Section 8 involving Indemnitee,
and against all reasonable Expenses incurred by Indemnitee in connection with any other proceeding between the Company and Indemnitee to the extent involving the interpretation or enforcement of the rights of Indemnitee under this Agreement, if and
to the extent Indemnitee is successful. 
 (f) In no event shall Indemnitee’s right to indemnification (apart from advancement of
Expenses) be determined prior to a final adjudication (not subject to further appeal) in a Proceeding at issue if the Proceeding is both ongoing, and of the nature to have a final adjudication (not subject to further appeal). 

  
 7 

 (g) In any proceeding to determine Indemnitee’s right to indemnification or advancement,
Indemnitee shall be presumed to be entitled to indemnification or advancement, with the burden of proof on the Company to prove, by a preponderance of the evidence (or higher standard if required by relevant law) that Indemnitee is not so entitled.

 (h) Indemnitee shall be fully indemnified for those matters where, in the performance of his duties for the Company, he relied in good
faith upon the records of the Company and upon such information, opinions, reports or statements presented to the Company by any of the Company’s officers or employees, or committees of the Board, or by any other person as to matters Indemnitee
reasonably believed were within such other person’s professional or expert competence and who was selected with reasonable care by or on behalf of the Company. 

9. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated: 

(a) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or
brought voluntarily by Indemnitee (including cross actions), unless (i) such indemnification is expressly required to be made by law, (ii) the Proceeding was authorized by the Board, (iii) such indemnification is provided by the
Company, in its sole discretion, pursuant to the powers vested in the Company under the General Corporation Law of Delaware or (iv) the Proceeding is brought pursuant to Section 8 specifically to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 in advance of a final determination, in which case the fees-on-fees provision in Section 8(e) shall control; 

(b) Fees on Fees. To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted by
Indemnitee to enforce or interpret this Agreement, to the extent Indemnitee is not successful in such a Proceeding; 
 (c) Unauthorized
Settlements. To indemnify Indemnitee under this 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; 

(d) Claims Under Section 16(b). To indemnify Indemnitee for Expenses associated with any Proceeding related to, or the payment of
profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or
common law (provided, however, that the Company must advance Expenses for such matters as otherwise permissible under this Agreement); 

(e) Payments Contrary to Law. To indemnify or advance Expenses to Indemnitee for which payment is prohibited by applicable law; or 

(f) Required Reimbursement. To indemnify Indemnitee for any reimbursement of the Company by Indemnitee of any compensation, including
bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Securities Act of 1933, as amended, or the Securities Exchange Act of
1934, as amended (including without limitation reimbursements that (i) arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, or the payment to the Company of profits arising from the
purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act of 2002, or (ii) arise pursuant to regulations or policies adopted in compliance with Section 954 of the Investor Protection and
Securities Reform Act of 2010). 

  
 8 

 10. Non-Exclusivity. The provisions for
indemnification and advancement of Expenses set forth in this Agreement shall not be deemed exclusive of any other rights which 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 action in Indemnitee’s official capacity and as to action in another capacity while occupying Indemnitee’s position as an Agent of the
Company. Indemnitee’s rights hereunder shall continue after Indemnitee has ceased acting as an Agent of the Company and shall inure to the benefit of the heirs, executors and administrators of Indemnitee. 

11. Permitted Defenses. It shall be a defense to any action for which a claim for indemnification is made under this Agreement (other
than an action brought to enforce a claim for Expenses pursuant to Section 6 hereof, provided that the required documents have been tendered to the Company) that Indemnitee is not entitled to indemnification because of the limitations set forth
in Sections 4 and 9 hereof. Neither the failure of the Company or an Independent Counsel to have made a determination prior to the commencement of such enforcement action that indemnification of Indemnitee is proper in the circumstances, nor an
actual determination by the Company or an Independent Counsel that such indemnification is improper, shall be a defense to the action or create a presumption that Indemnitee is not entitled to indemnification under this Agreement or otherwise. In
making any determination concerning Indemnitee’s right to indemnification, there shall be a presumption that Indemnitee has satisfied the applicable standard of conduct. Any determination by the Company concerning Indemnitee’s right to
indemnification that is adverse to Indemnitee may be challenged by the Indemnitee in the Court of Chancery of the State of Delaware. 
 12.
Subrogation. Subject to the limitations of Section 13, in the event the Company is obligated to make a payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all documents reasonably required and take all action that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights (provided that the Company pays
Indemnitee’s costs and expenses of doing so), including without limitation by assigning all such rights to the Company or its designee to the extent of such indemnification or advancement of Expenses. The Company’s obligation to indemnify
or advance expenses under this Agreement shall be reduced by any amount Indemnitee has collected from such other source, and in the event that Company has fully paid such indemnity or expenses, Indemnitee shall return to the Company any amounts
subsequently received from such other source of indemnification. 
 13. Primacy of Indemnification. The Company hereby acknowledges
that Indemnitee may have certain rights to indemnification, advancement of expenses, or liability insurance provided by a third-party investor and certain of its affiliates (collectively, the “Investment Entities”). The
Company hereby agrees that (i) it is the indemnitor of first resort, i.e., its obligations to Indemnitee under this Agreement and any indemnity provisions set forth in its Certificate of Incorporation, Bylaws or elsewhere (collectively,
“Indemnity Arrangements”) are primary, and any obligation of the Investment Entities to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee is secondary and excess,
(ii) it shall advance the full amount of expenses incurred by Indemnitee and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement by or on behalf of Indemnitee, to the extent legally
permitted and as required by any Indemnity Arrangement, without regard to any rights Indemnitee may have against the Investment Entities, and (iii) it irrevocably waives, relinquishes and releases the Investment Entities from any claims against
the Investment Entities for contribution, subrogation or any other recovery of any kind arising out of or relating to any Indemnity Arrangement. The Company further agrees that no advancement or indemnification payment by any Investment Entity on
behalf of Indemnitee shall affect the foregoing, and the Investment Entities shall be subrogated to the extent of such advancement or payment to all of the rights of recovery of Indemnitee against the Company. The Company and Indemnitee agree that
the 

  
 9 

 
Investment Entities are express third party beneficiaries of the terms of this Section 13. The Company, on its own behalf and on behalf of its insurers to the extent allowed by its insurance
policies, waives subrogation rights against Indemnitee and Investment Entities. 
 14. Information Sharing. If Indemnitee is the
subject of or is implicated in any investigation, whether formal or informal, by a government or regulatory entity or agency, the Company shall provide to Indemnitee any factual written information provided to the investigating entity concerning the
investigation; provided, that by executing this Agreement, Indemnitee agrees to use such information solely in connection with the defense of such investigation and, if Indemnitee is not then serving the Company as an officer or director, shall
execute a confidentiality agreement. This section 14 shall not apply if either: a) a majority vote of the body set forth in Section 8(b) or, if a Change in Control shall have occurred, then Independent Counsel, shall conclude that it is
detrimental to the Company’s interests in that investigation or any actual or threatened Proceeding for the Company to share such information; or b) such information sharing is prohibited or limited by law or the order of any court of competent
jurisdiction or applicable governmental or regulatory entity or agency. 
 15. Broadest Interpretation. In the event of any change
after the date of this Agreement in law, statute, or rule which expands the right Company to indemnify Indemnitee, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In
the event of any change in law, statute, or rule which narrows the right of Company to indemnify Indemnitee, such change, to the extent allowed by law, shall only apply to matters that relate to alleged acts, errors, or omissions of Indemnitee that
postdate such change. 
 16. No Imputation. The knowledge or actions, or failure to act, of any director, officer, employee, or agent
of the Company, or the Company itself shall not be imputed to Indemnitee for the purpose of determining Indemnitee’s rights hereunder. 

17. Survival of Rights. 

(a) This Agreement shall continue until and terminate upon the later of (i) ten years after the date that Indemnitee shall have ceased to
serve as an Agent of the Company; or (ii) one year after the final termination of any Proceeding, including any appeal, 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 7 of this Agreement relating thereto. 
 (b) This Agreement shall be binding
upon the Company and its successors (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, and shall inure to the benefit of Indemnitee and
Indemnitee’s heirs, executors and administrators. The Company shall require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the
Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

18. 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 permitted by law, including those circumstances in which indemnification would otherwise be discretionary. 

19. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation, all portions of any paragraphs of this 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, such remaining provisions shall be construed so as to give effect to the
intent manifested by the provision held invalid, illegal, or unenforceable. 

  
 10 

 20. Modification and Waiver. No supplement, modification, or amendment of this Agreement
shall be binding unless it is in a writing signed by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions (even if similar) nor shall such waiver
constitute a continuing waiver. 
 21. Notice. All notices, requests, demands and other communications under this Agreement shall be
in writing and shall be deemed to have been duly given (a) upon delivery if delivered by hand to the party to whom such notice or other communication shall have been directed, (b) if mailed by certified or registered mail with postage
prepaid, return receipt requested, on the third business day after the date on which it is so mailed, (c) one business day after the business day of deposit with a nationally recognized overnight delivery service, specifying next day delivery,
with written verification of receipt, or (d) on the same day as delivered by confirmed facsimile transmission if delivered during business hours or on the next successive business day if delivered by confirmed facsimile transmission after
business hours. Addresses for notice to either party shall be as shown on the signature page of this Agreement, or to such other address as may have been furnished by either party in the manner set forth above. 

22. Governing Law. This 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 within Delaware. This Agreement is intended to be an agreement of the type contemplated by Section 145(f) of the General Corporation Law of Delaware. The
Delaware Court of Chancery shall have exclusive jurisdiction for resolution of disputes between Company and Indemnitee regarding this Agreement. 

23. 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, and electronically transmitted signatures shall be valid. 

The parties hereto have entered into this Indemnification Agreement, including the undertaking contained herein, effective as of the date
first above written. 

  
 11 

			
	 INDEMNITEE:
  

 
  
		 THE COMPANY:
  

 
  

			 By:
 Its:

 SIGNATURE PAGE TO INDEMNIFICATION
AGREEMENT 

  
 12

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