Document:

Amendment to Letter Agreement between BNY Mellon & Robert P. Kelly

 Exhibit 10.165 
 AMENDMENT TO AGREEMENT 
 WHEREAS, Mellon Financial Corporation (“Mellon”) and Robert
P. Kelly (the “Executive”) have previously entered into a letter agreement dated January 30, 2006 and executed January 31, 2006 (the “Employment Letter”), as amended December 22, 2006; and 
 WHEREAS, The Bank of New York Mellon Corporation, a Delaware corporation (the “Company”) is the successor by merger to Mellon; and 

WHEREAS, the parties desire to further amend the Employment Letter in a manner which reflects the parties best efforts to comply with the provisions
of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), including transition guidance with respect to Section 409A, for the benefit of the Executive; 
 NOW THEREFORE, the Company and the Executive, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and
intending to be legally bound hereby, agree as follows: 
 1. Section 5 of Exhibit A of the Employment Letter shall be amended and
restated to read as follows below. For sake of convenience, additions are shown in bold type, but deletions are not shown. 
 Supplemental
Retirement Benefit. The Executive will be entitled to receive a monthly Supplemental Retirement Benefit (the “Supplemental Retirement Benefit”) commencing on the first day of the month coincident with or following the later of the
Executive’s termination of employment or attainment of age 60 and continuing for the remainder of his life; provided, however, that if Executive is a “specified employee” under Section 409A of the Code upon his separation from
service, then no amounts payable by reason of Executive’s separation from service may be paid until the first day following the six-month anniversary of the Executive’s termination and, to the extent otherwise payable during such period,
such amounts shall be accumulated and paid on the first day following the six-month anniversary of the Executive’s termination. Unless otherwise elected by the Executive as provided herein, the Supplemental Retirement Benefit shall be
payable in the form of a 50% joint and survivor annuity which shall be unreduced for the actuarial value of the survivor’s benefit. If the Executive’s spouse at the time of his death is not more than four years younger than the Executive,
the survivor benefit shall be equal to 50% of the Executive’s benefit and shall be payable to his spouse for the remainder of the spouse’s life. If the Executive’s spouse at the time of his death is more than four years younger than
the Executive, the benefit payable to the spouse shall be reduced to a benefit having the same actuarial value as the benefit that would have been payable had the spouse been four years younger than the Executive. The Executive shall also have the
right to elect on or before December 31, 2008 a 100% joint and survivor annuity, on an actuarially-reduced basis or a lump-sum payment, on an actuarially-reduced basis (if the Executive makes a timely lump-sum election which avoids
constructive receipt and the imposition of additional taxes under Section 409A of the Internal Revenue Code), or any other form of payment available or provided under the “Supplemental Plans” defined below. The Executive shall also
have the right to elect among actuarially equivalent life annuity forms of payment, which election may be made at any time provided that Executive has not elected a lump-sum. Actuarial reductions shall be based on the actual ages of the
Executive and his spouse at the time of retirement. If the Executive is not married at the time of his retirement, actuarial adjustments shall be made as if the Executive had a spouse with the same date of birth as the Executive. In the event that
the Executive elects a form of 

 
payment other than the automatic 50% joint and survivor annuity or other than a lump sum payment, and remarries subsequent to retirement, the benefits
payable under this Section shall be actuarially adjusted at the time of the Executive’s death to reflect the age of the subsequent spouse. If the Executive elects a lump sum payment at retirement, no further benefits will be payable under this
Section. 
 The amount of the monthly retirement benefit as an unreduced 50% joint and survivor annuity shall be equal to the
product of (A) the “Service Percentage” multiplied by (B) the Executive’s “Final Average Compensation,” with such product reduced by (C) the total monthly amount of benefits (measured for purposes of this
offset as if the Executive elected a 50% joint and survivor annuity payable as of the date benefits commence under this Agreement) provided to or in respect of the Executive under all tax-qualified retirement plans, but not including payments from
the Mellon Financial Corporation 401(k) Retirement Savings Plan or any successor plan. 
 The Executive shall be fully
vested in the Supplemental Retirement Benefit provided herein after five full years of vesting service with the Company (taking into account the additional service credit provided in 2(a) above. The Executive will also be fully vested in the
Supplemental Retirement Benefit upon a termination by the Corporation other than for Cause or Constructive Discharge. If the Executive is terminated prior to such time for any reason other than Death, Retirement (as defined in the Company’s tax
qualified retirement plan), termination by the Corporation other than for Cause or Constructive Discharge, he shall forfeit his right to receive the Supplemental Retirement Benefit. 
 Notwithstanding the foregoing, the amount of benefit hereunder which is equal to the maximum life annuity to which Executive would be
entitled under the terms of the Mellon Bank Retirement Plan, or successor thereto, (“MBRP”) without regard to the application of the compensation limitation imposed by IRC Section 401(a)(17) or the benefit limitation imposed by IRC
Section 415, less the maximum life annuity to which Executive is entitled under the MBRP, shall be payable in accordance with the Time and Form of Payment provisions of the Mellon Bank IRC Section 401(a)(17) Plan and the Mellon Bank
Benefit Restoration Plan (the Supplemental Plans”). 
 The Executive shall elect, on or before December 31,
2008, the form of payment of his Supplemental Retirement Benefit; provided, however, that no such amounts so elected in 2008 may be received in 2008. In the event that the Executive elects a form of payment of his Supplemental
Retirement Benefits which provides for payments to continue after his death and the Executive dies without having received all payments of Supplemental Retirement Benefits that may be payable hereunder, then the unpaid balance of such benefits shall
be paid in accordance with the form of payment elected by the Executive. Any such remaining payments shall be made to the Executive’s beneficiary provided under the Supplemental Plans, subject to any contrary written instructions from the
Executive designating a different beneficiary for such payments. 
 The Executive may also elect, on or before
December 31, 2008, and thereafter prior to the commencement of Supplemental Retirement Benefit payments (but if an annuity form of payment had previously been elected, subject to not less than 12 months’ advance
written notice and to the five year deferral of payment from when the first annuity payment otherwise would have been made pursuant to a prior annuity form of payment election), to have the lump sum value of the Supplemental Retirement
Benefit to which the Executive would otherwise be entitled applied to the purchase of a single premium annuity in a form and from an issuer selected or concurred in by the Executive. In the event of such an election by the Executive, the sole
responsibilities of the 

  

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Company shall be to apply the amount of the lump sum value of the Supplemental Retirement Benefit to the purchase of the annuity selected or concurred in by
the Executive and the distribution of such annuity to the Executive. Thereafter, the Executive shall look solely to the issuer of the annuity for payment on account of or in connection with the Supplemental Retirement Benefit and agrees that the
Company and its affiliates, and each of their officers, directors and employees, shall have no further liability in respect of the Supplemental Retirement Benefit or by reason of the application of the lump sum value as elected by the Executive or
the selection of the form or issuer of the annuity. 
 Notwithstanding the foregoing, in no event shall the Executive be
deemed to be retired, or to have elected to commence retirement benefits, for purposes of any separation pay plan while the Executive is entitled to separation payments because his employment was terminated without Cause or as a result of
Constructive Discharge or due to disability (the “Continuing Payments”). 
 For purposes of this Supplemental
Retirement Benefit: 
 (i) “Service Percentage” means 2% for each full year of the Executive’s employment with
the Company (plus the Executive’s full or partial years of employment with Wachovia Corporation) commencing on the first date of the Executive’s employment with the Company and ending as of the later of (i) the date his active
employment with the Company terminates, or (ii) the last date during any period for which the Executive receives Continuing Payments, plus 2% for each full year, if any, that the Executive receives Continuing Payments (with such percentage
pro-rated for the partial contract year in which such final termination of the Executive’s employment occurs or in which such final payments under Paragraph 6(a) or 6(b) hereof are made, whichever shall be applicable); plus 2% for either the
partial year in which such final termination of the Executive’s employment occurs or the partial year in which such final Continuing Payments are made, whichever shall be applicable (with such 2% pro-rated for such partial year). 
 (ii) “Final Average Compensation” means one-twelfth (1/12th) of the sum of the Executive’s Base Salary paid and the
Cash Bonus Amount of any bonus award earned for the calendar year within the final three (3) full calendar years of the Executive’s employment by the Company which produces the highest amount. For purposes of determining Final Average
Compensation (A) Bonus Plan awards shall be attributed to the calendar year in which earned, whether paid in that calendar year or the year following or deferred and (B) any portion of the Executive’s Base Salary and bonus award which
is deferred by the Executive under agreements with the Company or under any Company employee benefit plan shall be included for purposes of determining Final Average Compensation. 
 In the event the Executive’s termination of employment is due to death prior to the commencement of the payment of Supplemental
Retirement Benefits under this Exhibit A, and he shall be survived by a spouse, entitlement to Supplemental Retirement Benefits will become fully vested and such spouse shall be entitled to receive a pre-retirement death benefit, commencing with
the month following the Executive’s death and payable in the form of a lifetime annuity, equal to the benefit that would have been payable had he retired immediately prior to death and elected a 50% joint and survivor annuity, but without
any early payment reductions applicable for payments prior to age 60. If the Executive’s spouse at the time of his death is more than four years younger than the Executive, the benefit payable to the survivor shall be reduced to a benefit

  

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having the same actuarial value as the benefit that would have been payable had the spouse been four years younger than the Executive. 
 The Executive’s entitlement to Supplemental Retirement Benefits shall survive the termination of his employment for reasons other
than Cause or as a result of Constructive Discharge, but only to the extent he is vested as provided above. 
 2. Except as provided in this
amendment, the Employment Letter is, in all other respects, unchanged and is and shall continue to be in full force and effect, and is hereby in all respects ratified and confirmed. 
 IN WITNESS WHEREOF, the parties have executed this amendment, in duplicate, on the dates set forth below. 
  

									
		 		 	THE BANK OF NEW YORK MELLON CORPORATION
					
		 		 	By:	 	 

	 	 12/12/08

		 		 	Name:	 	Lisa B. Peters	 	Date Signed
		 		 	Title:	 	Senior Executive Vice President	 	
			
		 		 	Executive
				
		 		 	 

	 	  

		 		 	Robert P. Kelly	 	Date Signed

  

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 THE BANK OF NEW YORK MELLON CORPORATION 
 Deferral Election with respect to Supplemental Retirement Benefit 
 I hereby make the
following election with respect to the Supplemental Retirement Benefit described in my employment letter/agreement. 
 This election pertains to the
form of payment of the benefit, as indicated below. Unless otherwise elected, the Supplemental Retirement Benefit is payable in the form of a 50% joint and survivor annuity, unreduced for the actuarial value of the survivor’s benefit,
providing a surviving spouse benefit equal to 50% of the benefit provided during your lifetime, except that where your surviving spouse is more than 4 years younger than you are, the survivor benefit will be reduced to one that would be payable if
your spouse was not more than 4 years younger (the “Normal Form”). 
  

			
	Election of Payout Options*	  	
		
	 Form
	  	 Indicate
Selection

		
	100% Joint & Survivor Annuity	  	  

		
	Lump Sum	  	  

		
	Lump Sum (actuarially reduced) applied to purchase of single premium annuity	  	  

		
	Other form permitted under the Supplemental Plans:	  	
		
	 75% Joint & Survivor Annuity
	  	  

		
	 Single Life Annuity
	  	  

		
	 Life Annuity with 120 monthly payments guaranteed
	  	  

		
	Changes to the Election can be made and another Form of Payout elected anytime prior to the commencement of benefit payments, so long as the election and change do not involve both one of the
annuity options and one of the Lump Sum Form options. Changes to any Election involving both one of the Annuity options and one of the Lump Sum Form options are restricted as follows:	  	
		
	(i) such election must be made at least 12 months before the first payment is scheduled to be paid (in the case of annuity payments, above, all payments are to be treated as a single payment)
and may not take effect until at least 12 months after the date on which the	  	

			
		
	election is made; and (ii) the payments with respect to which such election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been
paid (or the date the first amount was scheduled to be paid, in the case of annuity payments, above, which are to be treated as a single payment).	  	

  

	*	Payment will be the actuarial equivalent of the “Normal Form” and will commence (or be made in the case of a lump sum) on the first day of month following the later of
your attainment of age 60 or your separation from service (delayed for six months following your separation from service if you are a “specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as
amended, upon your separation from service, as determined by The Bank of New York Mellon Corporation). 

  

					
	Employee Certification
	
	I understand that my election is irrevocable and may not be changed except as described above.
			
	  
	 		 	  

	Employee Name (please print)	 		 	Social Security Number
			
	  
	 		 	  

	Employee Signature	 		 	Date

 If you have questions regarding this election form, please contact Robert M. Perego at (412)234-4840. 

December 12, 2008Form of Indemnification Agreement with Executive Officers

 Exhibit 10.166 
 EXECUTIVE OFFICER 
 INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT is made this              day of
                     (the “Agreement”) by and between The Bank of New York Mellon Corporation (the “Company”) and
                             (“Indemnitee”). 
 WHEREAS, Indemnitee is an Executive Officer (as hereinafter defined) of the Company and may also
be serving or may serve in the future in another Position (as hereinafter defined) at an Affiliated Entity or Unaffiliated Entity (each as hereinafter defined); 
 WHEREAS, in consideration of the Indemnitee acting in the Position or Positions and assuming the responsibilities attendant to the Position or Positions, the Company desires to provide Indemnitee the rights to
indemnification and payment or reimbursement of expenses described below; 
 NOW, THEREFORE, in consideration of the premises and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Indemnitee do hereby covenant and agree as follows: 
 Section 1. Definitions. For purposes of this Agreement: 
 (a) “Executive
Officer” shall have the meaning of the term “officer” as such term is defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended. 
 (b) “Expenses” shall include all reasonable out of pocket fees, costs and expenses, including, without limitation,
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, postage, delivery service fees, and all other disbursements or expenses of the types
customarily incurred if Indemnitee is involved in any manner (including, without limitation, as a party or a witness) in any Proceeding (as hereinafter defined) and, to the extent not prohibited by law, the fees and costs incurred in enforcing
Indemnitee’s right to 

 
indemnification and reimbursement or payment of Expenses under this Agreement. 
 (c) “Position” is (a) service as a director, officer, partner, trustee, fiduciary, manager or employee of the Company or of
any other corporation, limited liability company, public limited company, partnership, joint venture, trust, employee benefit plan, fund or other enterprise as to which the Company beneficially owns, directly or indirectly, at least a majority of
the voting power of equity or membership interests, or in the case of employee benefit plans, is sponsored or maintained by the Company or one of the foregoing (any of the foregoing, an “Affiliated Entity”) or (b) service at the
request of the Company at any time this Agreement is in effect as a director, officer, partner, trustee, fiduciary, manager or employee of a corporation, limited liability company, public limited company, partnership, joint venture, trust, employee
benefit plan, fund or other enterprise which is not an Affiliated Entity (an “Unaffiliated Entity”), provided, however, that such request for service has been approved in writing in accordance with Code Reports and Permission
(CODE RAP) or a successor process or by the Corporate Governance and Nominating Committee of the Board of Directors of the Company. 
 (d) “Proceeding” shall mean any civil, criminal, administrative or investigative action, suit, proceeding or procedure in which the Indemnitee is involved in any manner (including, without limitation, as a party or a witness) by
reason of the fact of the Indemnitee’s Position or Positions. 
 Section 2. Indemnification — General. The Company shall
indemnify, subject to the terms of this Agreement, Indemnitee against all judgments, awards, fines, ERISA excise taxes, penalties, amounts paid in settlement, liabilities and losses and shall pay or reimburse all Expenses incurred by Indemnitee,
subject to the terms of this Agreement, to the fullest extent permitted by Delaware law if Indemnitee is involved in any manner (including, without limitation, as a party or a witness) in any Proceeding by reason of the fact of Indemnitee’s
Position or Positions, including, without limitation, any Proceeding by or in the right of the Company to procure a judgment in its favor, but excluding any Proceeding initiated by Indemnitee 

  

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other than (i) Proceedings initiated by Indemnitee which are consented to in advance in writing by the Company and (ii) counterclaims made by
Indemnitee in a Proceeding which directly respond to and negate the affirmative claim made against Indemnitee in such Proceeding. In the event Indemnitee incurs Expenses or settles a Proceeding under circumstances in which the Company would have an
obligation to indemnify Indemnitee for the Expenses or settlement amount, the Company may discharge its indemnification obligation by making payments on behalf of Indemnitee directly to the parties to whom such Expenses or settlement amounts are
owed by Indemnitee. Notwithstanding the foregoing, the Company will also, to the fullest extent permitted by Delaware law and subject to Section 3 below, indemnify, reimburse and pay Indemnitee for Expenses incurred in enforcing an
indemnification, reimbursement or payment right under this Agreement. 
 Section 3. Expenses. Subject to the terms of this Agreement,
upon receipt by the Company of an undertaking by Indemnitee to repay Expenses if it shall ultimately be determined pursuant to this Agreement that Indemnitee is not entitled to be indemnified by the Company, the Company shall pay or reimburse, to
the fullest extent permitted by Delaware law, Expenses actually and reasonably incurred by Indemnitee in connection with a Proceeding in advance of its final disposition. Such payment shall be made within thirty (30) days after the receipt by
the Company of a written request from Indemnitee requesting reimbursement or payment of such Expenses. Such request shall reasonably evidence the Expenses incurred by Indemnitee. The burden of proving that the Company is not liable for reimbursement
or payment of Expenses shall be on the Company. 
 Section 4. Limitations. The Company shall not indemnify Indemnitee or pay or
reimburse Indemnitee’s Expenses if such indemnification or payment would constitute a “prohibited indemnification payment” under the regulations of the Federal Deposit Insurance Corporation (or any successor provisions) or any other
applicable laws, rules or regulations or if the Proceeding alleges (1) claims under Section 16(b) of the Securities Exchange Act of 1934, as amended (2) violations of Federal or state insider trading laws or (3) violations of the
Company’s Personal Securities Trading Policy with respect to Company securities, unless, in the case of clauses (1), (2) or (3), Indemnitee has been successful on the merits, received the 

  

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Company’s written consent prior to incurring the Expense or, after receiving the Company’s written consent to incurring the cost of settlement,
settled the Proceeding. 
 Section 5. Standard of Conduct. No claim for indemnification shall be paid by the Company unless the
Company has determined that 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, which is the standard of conduct set forth in Section 145 of the Delaware General Corporation Law (the “DGCL”) (as such, the “Standard of Conduct”, with such Standard of Conduct to be
automatically revised to conform to any successor provision of the DGCL) except that no indemnification shall be made with respect to any Proceeding by or in right of the Company as to which the Indemnitee shall have been adjudged to be liable to
the Company, except as determined by the court or other tribunal adjudicating the Proceeding. Unless ordered by a court or other tribunal, such determinations of whether the Standard of Conduct has been satisfied shall be made by (1) a majority
vote of the directors of the Company who are not parties to the Proceeding, even though less than a quorum, or (2) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (3) if
there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (4) by stockholders of the Company. Indemnitee shall be deemed to have met the Standard of Conduct if the determination is not
made by the Company within sixty days of receipt by the General Counsel of a written request by Indemnitee for indemnity. 
 Section 6.
Contribution. If the full indemnification and payment or reimbursement of Expenses provided by this Agreement may not be paid to Indemnitee because it has been finally adjudicated that such indemnification or payment or reimbursement of
Expenses incurred by Indemnitee is prohibited by Delaware or other law, or if it has been determined as provided above that the Standard of Conduct has not been met, and if, and to the extent the Indemnitee is not entitled to coverage under the
Company’s directors and officers liability insurance policy, then in respect of any such actual or threatened Proceeding in which the Company or an Affiliated Entity is jointly liable with Indemnitee (or would be if joined 

  

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in such Proceeding), as determined by (1) a majority vote of the directors of the Company who are not parties to the Proceeding, even though less than a
quorum, or (2) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (3) if there are no such directors, or if such directors so direct, by independent legal counsel in a
written opinion, or (4) by stockholders of the Company, the Company shall contribute to the amount of loss, liability or Expenses incurred by Indemnitee in such proportion as appropriate to reflect (i) the relative benefits received by the
Company and any Affiliated Entity on the one hand and Indemnitee on the other hand from the transaction from which such Proceeding arose and (ii) the relative fault of the Company, any Affiliated Entity or Unaffiliated Entity, including other
persons indemnified by the Company on the one hand, and Indemnitee on the other hand in connection with the events which resulted in such Proceeding, as well as any other relevant equitable considerations. The relative fault of the Company, any
Affiliated Entity or Unaffiliated Entity, including other persons indemnified by the Company, on the one hand, and of Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent the circumstances resulting in such Proceeding. The Company acknowledges that it would not be just and equitable if contribution pursuant to this Section 6 were determined by pro rata
allocation or any other method of allocation which does not take into account the foregoing equitable considerations. 
 Section 7.
Defense of Claim. If any Proceeding asserted or commenced against Indemnitee is also asserted or commenced against the Company or an Affiliated Entity, the Company or the Affiliated Entity shall be entitled, except as otherwise provided
herein below, to assume the defense thereof. After notice from the Company or any Affiliated Entity to Indemnitee of its election to assume the defense of any such Proceeding, Indemnitee shall have the right to employ Indemnitee’s own counsel
in such Proceeding, but the Expenses of such counsel incurred after notice from the Company or any Affiliated Entity to Indemnitee of its assumption of the defense thereof shall be at the expense of Indemnitee and the Company shall not be obligated
to Indemnitee under this Agreement for any Expenses subsequently incurred by Indemnitee in connection therewith other than reasonable costs of investigation and reasonable travel and lodging expenses arising out of Indemnitee’s 

  

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participation in the defense of such Proceeding, unless (i) otherwise notified by the Company, (ii) Indemnitee’s counsel shall have reasonably
concluded and so notified the Company that there is a conflict of interest between the Company or any Affiliated Entity and Indemnitee in the conduct of defense of such Proceeding, or (iii) the Company or any Affiliated Entity shall not in fact
have employed counsel to assume the defense of such Proceeding, in any of which cases the Expenses of Indemnitee in such Proceeding shall be reimbursed or paid by the Company. The Company or any Affiliated Entity shall not be entitled to assume the
defense of any Proceeding brought by or on behalf of the Company by its stockholders or as to which Indemnitee’s counsel shall have made the conclusion set forth in clause (ii) of the preceding sentence of this Section 7. 

Section 8. Duration of Agreement. This Agreement shall continue for so long as Indemnitee may be subject to any possible Proceeding by reason
of the fact of Indemnitee’s Position or Positions, whether or not Indemnitee ceases to hold such Position or Positions. 
 Section 9.
Confidentiality. Except as required by law or as otherwise becomes public (other than in violation of this Agreement) or is communicated to Indemnitee’s counsel or to Indemnitee’s or the Company’s insurer, in seeking
indemnification or reimbursement or payment of Expenses hereunder, Indemnitee agrees to keep confidential any information that arises in connection with this Agreement, including but not limited to, claims for indemnification or payment or
reimbursement of Expenses, amounts paid or payable under this Agreement and any communications between the Indemnitee and the Company. 
 Section 10. Applicability to Other Indemnification Provisions. This Agreement is entered into pursuant to Section 145(f) of the DGCL and to the fullest extent permitted by law shall be in addition to indemnification and
reimbursement or payment of Expenses provided by the DGCL. To the fullest extent permitted by law, the Company shall apply this Agreement, which is substantially consistent with the Company’s Indemnification Policy as in effect on the date
hereof, in considering requests for indemnification or reimbursement or payment of Expenses under its Indemnification Policy, certificate of incorporation, by-laws, or any other agreement or undertaking of the Company or similar constituent
documents of an Affiliated Entity that provides rights to indemnification or reimbursement or payment 

  

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of Expenses (“Alternate Indemnification Provisions”). By entering into this Agreement, the parties agree that if there is an existing
Indemnification Agreement by and between Mellon Financial Corporation and Indemnitee which was assumed by the Company by operation of law and pursuant to the 2006 merger agreement entered into by the Company, Mellon Financial Corporation and The
Bank of New York Company, Inc., such agreement is hereby terminated insofar as it relates to actions taken by Indemnitee after the execution of this Agreement. For the avoidance of doubt, should there be any differences between the Company’s
Indemnification Policy and this Agreement, this Agreement will govern. 
 Section 11. No Duplication of Payments. The Company shall
indemnify and pay or reimburse Expenses of the Indemnitee in accordance with the provisions of this Agreement, provided, however, that the Company shall not be liable under this Agreement to make any payment to Indemnitee under this
Agreement to the extent that Indemnitee (i) is otherwise entitled to receive reimbursement or payment of amounts otherwise payable hereunder from an Unaffiliated Entity (including insurance maintained by an Unaffiliated Entity) as a result of
Indemnitee’s Position or Positions at or with respect to an Unaffiliated Entity, (ii) receives payment or reimbursement under an insurance policy maintained by the Company or by or out of a fund created by the Company and under the control
of a trustee or otherwise, or (iii) receives payment from other sources provided by the Company. If Indemnitee has a right of recovery from an Unaffiliated Entity (including insurance maintained by the Unaffiliated Entity), Indemnitee shall
take all actions reasonably necessary to recover payment (or insurance) from the Unaffiliated Entity before seeking payment from the Company under this Agreement, including initiating a civil, criminal, administrative or investigative action, suit,
proceeding or procedure; provided, however, that to the extent recovery of such payment requires meeting a prior deductible or other financial outlay, such payment or financial outlay shall be deemed to be an Expense hereunder.

 Section 12. Insurance. The Company may maintain insurance, at its expense, to protect itself and the Indemnitee against any
Expense, liability or loss under Delaware law. 
 Section 13. Subrogation. In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee 

  

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under any insurance policy or otherwise. Indemnitee shall execute all documents reasonably required and shall do everything reasonably necessary to secure
such rights, including the execution of such documents necessary to enable the Company to effectively bring suit to enforce such rights. 
 Section 14. Notice by Indemnitee. Indemnitee shall promptly notify the Company in writing in accordance with Section 20 upon the earlier of (a) becoming aware of a Proceeding where indemnity or reimbursement or payment of
Expenses may be sought or (b) receiving or being served with any summons, citation, subpoena, complaint, indictment, information, inquiry or other document relating to any Proceeding which may be subject to indemnification or reimbursement or
payment of Expenses covered hereunder. As a condition to indemnification or reimbursement or payment of Expenses, any demand for payment by Indemnitee hereunder shall be in writing. 
 Section 15. Severability. If any provision of this Agreement shall be held to be invalid, inoperative or unenforceable as applied to any
particular Proceeding or in any particular jurisdiction, for any reason, such circumstances shall not have the effect of rendering the provision in question invalid, inoperative or unenforceable in any other distinguishable Proceeding or
jurisdiction, or of rendering any other provision or provisions herein contained invalid, inoperative or unenforceable to any extent whatsoever. The invalidity, inoperability or unenforceability of any one or more phrases, sentences, clauses or
sections contained in this Agreement shall not affect any other remaining part of this Agreement. 
 Section 16. Binding Effect. This
Agreement shall be binding upon, and inure to the benefit of, Indemnitee and Indemnitee’s heirs, personal representatives, executors and administrators and upon the Company and its successors and assigns. 
 Section 17. 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. 
 Section 18. Headings. The headings of the
paragraphs of this Agreement are inserted for convenience only and shall not 

  

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be deemed to constitute part of this Agreement or to affect the construction thereof. 
 Section 19. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing 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 hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

Section 20. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been
duly given if (i) delivered by hand, on the date delivered, (ii) mailed by certified or registered mail, with postage prepaid, on the third business day after the date on which it is mailed or (iii) sent by guaranteed overnight
courier service, with postage prepaid, on the business day after the date on which it is sent: 
  

	 	(a)	If to Indemnitee, to the address set forth on the signature page of this Agreement; 

  

	 	(b)	If to the Company, to: 

 The Bank of New York Mellon
Corporation 
 One Wall Street 
 New York, NY 10286 
 Attention: General Counsel 
 with copies to: 
 The Bank of New York Mellon Corporation 
 One Wall Street 
 New York, NY 10286

 Attention: Corporate Secretary 
 or to such
other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 
 Section 21.
Governing Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware. 
  

 - 9 - 

 Section 22. Venue. Any Proceeding relating to or arising from this Agreement, including without
limitation, any Proceeding regarding indemnification or reimbursement or payment of Expenses arising out of this Agreement, shall only be brought and heard in the Chancery Court in and for the State of Delaware, and may not be brought in any other
judicial forum. 
  

 - 10 - 

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

			
	THE BANK OF NEW YORK MELLON CORPORATION
		
	By:	 	 
		 	 [NAME]
 [TITLE]

  

	
	AGREED TO AND ACCEPTED BY:
	
	  
	 Name: [Insert Name of Indemnitee]
 Address: [Insert
Address of Indemnitee]

  

 - 11 -

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