Document:

FORM OF INDEMNIFICATION AGREEMENT

 Exhibit 10.7 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement, dated as
of                 , 2011 (this “Agreement“), is made by and between Perfect Sting Racing Corporation, a Delaware limited liability company (the
“Company“), and                     (“Indemnitee“). 

In consideration of the mutual promises contained herein, the parties hereto agree as follows: 

ARTICLE 1 

DEFINITIONS AND CONVENTIONS 
 Section 1.01. Definitions and Conventions. As used in this Agreement: 

“Change in Control” shall be deemed to have occurred in any one of the following circumstances occurring after the date
hereof: (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) shall have become, without prior approval of the Company’s Board, the “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 35% or more of the combined voting power of the Company’s then outstanding voting securities (provided that as used in this clause (i), the
term “person” shall exclude a trustee or other fiduciary holding securities under an employee benefit plan of the Company); (ii) there occurs a merger or consolidation of the Company with any other entity, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving or resulting entity) more than 51% of the combined voting power of the voting securities of the surviving or resulting entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the
board of directors or other governing body of such surviving or resulting entity; (iii) (a) all or substantially all the assets of the Company are sold or otherwise disposed of in a transaction or series of related transactions or (b) the
approval by the stockholders of the Company of a complete liquidation of the Company or the sale or other disposition of all or substantially all of the assets of the Company, other than, in any case described in this clause (iii), pursuant to the
business plan of the Company approved prior to the time a Change in Control has occurred pursuant to another clause of this definition of “Change in Control”; or (vi) the individuals who on the date hereof constitute the Board
(including, for this purpose, any new director whose election or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who were directors on the date hereof or
whose election or nomination was so approved) cease for any reason to constitute at least a majority of the members of the Board. 
 “Corporate Status” means the status of a person who is or was a director, officer, employee or agent of the Company or who is or was serving at the request of the Company as a director,
officer, employee or agent of any other Enterprise. 
 “DGCL” means the Delaware General Corporation Law.

 “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification or advancement of expenses is sought by Indemnitee. 
 “Enterprise” means any
corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other person or enterprise. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Expenses“ means all costs and expenses (including, without limitation, fees and expenses of counsel, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage and delivery service fees) incurred in connection with prosecuting, defending, preparing to prosecute
or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses shall include expenses incurred in connection with any appeal resulting from any Proceeding including, without limitation, the
premium, security for and other costs relating to any cost bond, supersedeas bond or other appeal bond or its equivalent. 

“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporate law and
neither currently is, nor in the five years previous to its selection or appointment has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (provided that acting as an Independent Counsel under
this Agreement or in a similar capacity with respect to any other indemnification arrangements between the Company and its present or former directors shall not be deemed a representation of the Company or Indemnitee) or (ii) any other party to
the Proceeding giving rise to a claim for indemnification or advancement of expenses hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

 “Liabilities” means all judgments, fines (including any excise taxes
assessed with respect to any employee benefit plan), penalties and amounts paid in settlement and other liabilities (including all interest, assessments and other charges paid or payable in connection with or in respect of any such amounts) arising
out of or in connection with any Proceeding; provided that Liabilities shall not include any Expenses. 

“person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or
organization. 
 “Proceeding” includes any threatened, pending or completed action, suit or other proceeding
(which shall include an arbitration or other alternate dispute resolution mechanism or an inquiry, investigation or administrative hearing), whether civil, criminal, administrative or investigative in nature (including any appeal therefrom) and
whether instituted by or on behalf of the Company or any other party, in any such case, in which Indemnitee was, is or may be involved as a party or otherwise by reason of any Corporate Status of Indemnitee or by reason of any action taken (or
failure to act) by him or on his part while serving in any Corporate Status (in each case, whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification or advancement of expenses can be provided
under this Agreement), or any inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit or other proceeding; provided that Proceeding shall not include an action, suit or other
proceeding contemplated by Section 7.06(b). 
 (b) For the purposes of this Agreement: 

References to the “Company” shall include, in addition to the surviving or resulting corporation in any merger or
consolidation, any constituent corporation (including any constituent of a constituent) absorbed in a merger or consolidation which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another
Enterprise, then Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the surviving or resulting corporation as Indemnitee would have with respect to such constituent corporation if its separate
existence had continued. 
 References to “director, officer, employee or agent” shall include a trustee,
general partner, managing member, fiduciary or board of directors’ committee member. 
 References to “serving at
the request of the Company” shall include any service as a director, officer, employee or agent of the Company or any other Enterprise which imposes duties on, or involves services by, such director, officer, employee or agent with respect
to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall
be deemed to have acted in a manner “not opposed to the best interests of the Company”. 
 ARTICLE 2 

SERVICES BY INDEMNITEE 
 Section 2.01. Services By Indemnitee. Indemnitee hereby agrees to serve or continue to serve as a director and/or executive officer of the Company in the capacities designated by the Company
for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his resignation or is removed. 
 ARTICLE 3

 INDEMNIFICATION 
 Section 3.01. General. (a) The Company hereby agrees to and shall indemnify Indemnitee and hold him harmless, to the fullest extent permitted by applicable law, from and against any and
all Expenses and Liabilities actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with a Proceeding. The phrase “to the fullest extent permitted by applicable law” shall include: 

(i) to the fullest extent permitted by the DGCL as in effect on the date of this Agreement, and 

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

  
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 (b) To the extent that Indemnitee is a party to (or a participant in) and is successful, on
the merits or otherwise, in the defense of any Proceeding or any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If
Indemnitee is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in any Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his
behalf in connection with each successfully resolved claim, issue or matter and any claim, issue or matter related to each such successfully resolved claim, issue or matter. For purposes of this Section 3.01(b) and without limitation, the
termination of any Proceeding or any claim, issue or matter in a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such Proceeding, claim, issue or matter. 

(c) To the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party,
he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

Section 3.02. Exclusions. Notwithstanding any provision of this Agreement to the contrary (including Section 3.01 and
Section 4.01), the Company shall not be obligated under this Agreement to indemnify (or advance expenses) in connection with: 
 (a) any claim made against Indemnitee (i) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company pursuant to Section 16(b)
of the Exchange Act or similar provisions of state statutory law or common law or (ii) for reimbursement to the Company of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of
securities of the Company in each case as required under the Exchange Act; 
 (b) except for an action, suit or other proceeding
contemplated by Section 7.06(b), any action, suit or other proceeding (or part thereof) initiated by Indemnitee (including any such action, suit or other proceeding (or part thereof) initiated by Indemnitee against the Company or its directors,
officers, employees, agents or other indemnitees), unless (i) the Board authorized the action, suit or other proceeding (or part thereof) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion,
pursuant to the powers vested in the Company under applicable law; or 
 (c) any claim, issue or matter in a Proceeding by or in
the right of the Company to procure a judgment in its favor as to which Indemnitee shall have been adjudged to be liable to the Company unless and only to the extent the Delaware Chancery Court or the court in which such Proceeding was brought shall
determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Delaware Chancery Court or such other court
shall deem proper. 
 ARTICLE 4 
 ADVANCEMENT OF EXPENSES; DEFENSE OF CLAIMS 
 Section 4.01. Advances.
The Company shall advance any Expenses incurred by Indemnitee or on his behalf in connection with a Proceeding within 20 days after receipt by the Company of a written request for advancement of expenses, which request may be delivered to the
Company at such time and from time to time as Indemnitee deems appropriate in his sole discretion (whether prior to or after final disposition of any such Proceeding). Advances shall be made without regard to Indemnitee’s ability to repay such
amounts and without regard to Indemnitee’s ultimate entitlement to indemnification under this Agreement or otherwise. Any such advances shall be made on an unsecured basis and be interest free. 

Section 4.02. Repayment of Advances or Other Expenses. Indemnitee agrees that Indemnitee shall reimburse the Company for all
amounts advanced by the Company pursuant to Section 4.01 if it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company for such Expenses. Notwithstanding the foregoing, if Indemnitee seeks a judicial
adjudication or an arbitration pursuant to Section 6.01(a), Indemnitee shall not be required to reimburse the Company pursuant to this Section 4.02 until a final determination (as to which all rights of appeal have been exhausted or
lapsed) has been made. 
 Section 4.03. Defense Of Claims. The Company will be entitled to participate in any
Proceeding at its own expense. The Company shall not settle any Proceeding (in whole or in part) which would impose any Expense, Liability or limitation on Indemnitee without Indemnitee’s prior written consent, such consent not to be
unreasonably withheld. Indemnitee shall not settle any Proceeding (in whole or in part) which would impose any Expense, Liability or limitation on the Company without the Company’s prior written consent, such consent not to be unreasonably
withheld. 

  
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 ARTICLE 5 
 PROCEDURES FOR NOTIFICATION OF AND DETERMINATION 
 OF ENTITLEMENT TO INDEMNIFICATION

 Section 5.01. Request For Indemnification. (a) Indemnitee shall notify the Company in writing as soon as
reasonably practicable (i) after being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or (ii) if the Company has not been previously notified, after receipt of
written notice of any other matter with respect to which Indemnitee intends to seek indemnification or advancement of expenses under Section 3.01 and Section 4.01. The omission by Indemnitee to so notify the Company will not relieve the
Company from any liability which it may have to Indemnitee (i) under this Agreement except and only to the extent the Company can establish that such omission to notify resulted in actual material prejudice to the Company or (ii) otherwise
than under this Agreement. 
 (b) Indemnitee may thereafter deliver to the Company a written request for indemnification
pursuant to this Agreement at such time and from time to time as Indemnitee deems appropriate in his sole discretion, which request shall also be deemed a request for advancement of expenses under Section 4.01. 

Section 5.02. Determination of Entitlement. (a) Except as otherwise provided pursuant to Section 3.01(b) and
Section 3.01(c), upon the final disposition of the matter that is the subject of the request for indemnification delivered pursuant to Section 5.01(b), a determination shall be made with respect to Indemnitee’s entitlement thereto in
the specific case. If a Change in Control shall not have occurred, such determination shall be made (i) by a majority vote of the Disinterested Directors or of a committee of Disinterested Directors designated by a majority vote of the
Disinterested Directors (in either case, even though less than a quorum of the Board) or (ii) if there are no Disinterested Director or the Disinterested Directors so direct, by Independent Counsel. If a Change in Control shall have occurred,
such determination shall be made by Independent Counsel. Any determination made by Independent Counsel pursuant to this Section 5.02(a) shall be in the form of a written opinion to the Board, a copy of which shall be delivered to Indemnitee.
Indemnitee shall reasonably cooperate with the person or persons making such determination including providing to such person or persons upon reasonable advance request any documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including fees and expenses of counsel) incurred by Indemnitee in so cooperating with the person or persons making
such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

(b) If the determination is to be made by Independent Counsel, such Independent Counsel shall be selected as provided in this
Section 5.02(b). If a Change in Control shall not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee advising him of the identity of the Independent Counsel so
selected. If a Change in Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event the preceding sentence shall apply), and
Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either case, the party receiving the notice may, within 10 days after receipt thereof, deliver to the other a written
objection to such selection; provided that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Article 1 of this Agreement,
and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a proper and timely objection is made, the counsel selected
may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction (or, at Indemnitee’s option pursuant to Section 6.01, an arbitration) has determined that such objection is without
merit. If, within 20 days after receipt by the Company of a request for indemnification pursuant to Section 5.01(b), no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of
competent jurisdiction (or, at Indemnitee’s option pursuant to Section 6.01, an arbitration) for resolution of any objection which shall have been made to the selection of Independent Counsel and/or for the appointment of another person as
Independent Counsel, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel. The Company agrees to pay the reasonable fees and expenses of any Independent Counsel appointed
pursuant to this Section and to indemnify such person against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto except for gross negligence or willful misconduct.

 (c) If it is determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within 10 days
after such determination. 
 Section 5.03. Presumptions and Burdens of Proof; Effect of Certain Proceedings.
(a) In making any determination as to Indemnitee’s entitlement to indemnification hereunder, Indemnitee shall be entitled to a presumption that he is entitled to indemnification under this Agreement if Indemnitee has submitted a
request for indemnification in accordance with Section 5.01(b), and the Company shall have the burdens of coming forward with evidence and of persuasion to overcome that presumption. 

  
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 (b) 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 of itself create a presumption (i) that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Company, (ii) that with respect to any criminal Proceeding, Indemnitee had reasonable cause to believe that his conduct was unlawful or (iii) that Indemnitee did not otherwise satisfy the applicable standard of
conduct to be indemnified pursuant to this Agreement. 
 (c) For purposes of any determination of good faith, Indemnitee shall
be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Company or other Enterprise, as applicable, including financial statements, or on information supplied to Indemnitee by the officers
of such entity in the course of their duties, or on the advice of legal counsel for such entity or on information or records given or reports made to such entity by an independent certified public accountant, appraiser or other expert selected with
reasonable care by such entity. The provisions of this Section 5.03(c) shall not be deemed to be exclusive or to limit in any way other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct to
be indemnified pursuant to this Agreement. 
 (d) The knowledge or actions or failure to act of any other director, officer,
employee or agent of the Company or other Enterprise, as applicable, shall not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this Agreement. 

(e) If a determination as to Indemnitee’s entitlement to indemnification shall not have been made pursuant to this Agreement within
60 days after the final disposition of the matter that is the subject of the request for indemnification, the requisite determination of entitlement to indemnification shall be deemed to have been made in favor of Indemnitee, and Indemnitee shall be
entitled to such indemnification, absent a misstatement of a material fact in the information provided by Indemnitee pursuant to Section 5.01(b) and Section 5.02(a) or an omission of a material fact necessary in order to make the
information provided not misleading; provided that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the person or persons making the determination in good faith requires such additional time to
obtain or evaluate any documentation or information relating thereto. 
 ARTICLE 6 

REMEDIES OF INDEMNITEE 
 Section 6.01. Adjudication or Arbitration. (a) Indemnitee shall be entitled to an adjudication (by a court of competent jurisdiction or, at Indemnitee’s option, through an
arbitration conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association) of any determination pursuant to Section 5.02 that Indemnitee is not entitled to indemnification under this
Agreement. Any such adjudication shall be conducted in all respects as a de novo trial or arbitration on the merits, and any prior adverse determination shall not be referred to or introduced into evidence, create a presumption that
Indemnitee is not entitled to indemnification or advancement of expenses, be a defense or otherwise adversely affect Indemnitee. In any such judicial proceeding or arbitration, the provisions of Section 5.03 (including the presumption in favor
of Indemnitee and the burdens on the Company) shall apply. 
 (b) Indemnitee shall also be entitled to an adjudication (by a
court of competent jurisdiction or, at Indemnitee’s option, through an arbitration as described above) of any other disputes under this Agreement. 
 (c) If a determination shall have been made pursuant to Section 5.02 that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or
arbitration commenced pursuant to this Section 6.01, absent a misstatement of a material fact in the information provided by Indemnitee pursuant to Section 5.01(b) and Section 5.02(a) or an omission of a material fact necessary in
order to make the information provided not misleading. 
 (d) In connection with any judicial proceeding or arbitration
commenced pursuant to this Section 6.01, the Company shall not oppose Indemnitee’s right to seek such adjudication, shall be precluded from asserting that the procedures and presumptions of this Agreement are not valid, binding or
enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all of the provisions of this Agreement. 

  
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 ARTICLE 7 
 [RESERVED] 
 ARTICLE 8 

MISCELLANEOUS 

Section 7.01. Nonexclusivity of Rights. The rights of indemnification and advancement of expenses provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled to under applicable law, the Company’s certificate of incorporation or bylaws, any other agreement, any vote of stockholders or resolution of
directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his
Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of expenses than would be afforded currently under
this Agreement, it is the intent of the parties hereto that Indemnitee shall be entitled under this Agreement to the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or
remedy, and every right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder or
otherwise shall not prevent the concurrent assertion or employment of any other right or remedy. 
 Section 7.02.
Subrogation, etc. (a) In the event of any 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 papers required and take all actions
necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 
 (b) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that
Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
 (c) The
Company’s obligation to indemnify or advance expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has
actually received as indemnification or advancement of expenses from such Enterprise. 
 Section 7.03. Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount
incurred by Indemnitee or on his behalf, whether for Liabilities and/or Expenses in connection with a Proceeding or other expenses relating to an indemnifiable event or transaction under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such action, suit or other proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving rise to such
action, suit or other proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

Section 7.04. Amendment. This Agreement may not be modified or amended except by a written instrument executed by or on
behalf of each of the parties hereto. 
 Section 7.05. Waivers. The observance of any term of this Agreement may be
waived (either generally or in a particular instance and either retroactively or prospectively) only by a writing signed by the party against which such waiver is to be asserted. Unless otherwise expressly provided herein, no delay on the part of
any party hereto in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party hereto of any right, power or privilege hereunder operate as a waiver of any other right, power
or privilege hereunder nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. 

Section 7.06. Expenses. (a) The Company shall pay all costs and expenses (including fees and expenses of counsel)
incurred by the Company and Indemnitee in connection with the preparation of this Agreement. 
 (b) The Company shall indemnify
and hold Indemnitee harmless from any and all costs and expenses (including fees and expenses of counsel) actually and reasonably incurred by Indemnitee or on his behalf in seeking (whether through a judicial proceeding or arbitration (including any
appeal resulting therefrom) or otherwise) to enforce any rights against the Company for indemnification or advancement of expenses (whether under this Agreement or otherwise) or to recover under any liability insurance policy maintained by any
person for the benefit of Indemnitee in connection with the performance of his duties for or on behalf of the Company, in each case, whether or not Indemnitee is successful (in whole or in part) with respect to his claims. The Company shall

  
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pay (or reimburse Indemnitee for the payment of) any such costs or expenses within 20 days after receipt by the Company of a written request for the payment of such amounts, which request may be
delivered to the Company at such time or from time to time as Indemnitee deems appropriate in his sole discretion (whether prior to or after final disposition of any such matter). Indemnitee shall have no obligation to reimburse any amounts paid by
the Company pursuant to this Section 7.06(b). 
 Section 7.07. Entire Agreement. This Agreement constitutes the
entire agreement between the parties hereto with respect to the matters covered herein and supersedes all prior oral or written understandings or agreements with respect to the matters covered herein. This Section 7.07 shall not be construed to
limit any other rights Indemnitee may have under the Company’s certificate of incorporation or bylaws, applicable law or otherwise. 
 Section 7.07. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to
applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

Section 7.09. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and
shall be deemed to have been duly given (a) if delivered by hand or by courier and receipted for by the party to whom said notice or other communication shall have been directed, (b) if mailed by certified or registered mail with postage
prepaid, on the third business day after the date on which it is so mailed or (c) if sent by facsimile transmission and fax confirmation is received, on the next business day following the date on which such facsimile transmission was sent.
Addresses for notice to either party are as shown on the signature page of this Agreement, or such other address as any party shall have given by written notice to the other party as provided above. 

Section 7.10. Binding Effect. (a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director and/or executive officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director and/or
executive officer of the Company. 
 (b) This Agreement shall be binding upon and inure to the benefit of and be enforceable by
the parties hereto and their respective successors and permitted assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, heirs,
executors, administrators or other successors. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all or a substantial part of the business or assets
of the Company, by written agreement in the form and substance reasonably satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the manner and to the same extent that the Company would be required to perform if no
such succession had taken place. 
 (c) The indemnification and advancement of expenses provided by this Agreement shall
continue as to a person who has ceased to be a director, officer, employee or agent or is deceased and shall inure to the benefit of the heirs, executors, administrators or other successors of the estate of such person. 

Section 7.11. Governing Law. This Agreement and the legal relations among the parties hereto shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. 

Section 7.12. Consent To Jurisdiction. Except with respect to any arbitration commenced by Indemnitee pursuant to
Section 6.01, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action, suit or other proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Chancery Court
and any court to which an appeal may be taken in such action, suit or other proceeding (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country,
(ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action, suit or other proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any
such action, suit or other proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action, suit or other proceeding brought in the Delaware Court has been brought in an improper or
inconvenient forum. 
 Section 7.13. Headings. The Article and Section headings in this Agreement are for
convenience of reference only, and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 -7-

 Section 7.14. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be
produced to evidence the existence of this Agreement. 
 Section 7.15. Use of Certain Terms. As used in this
Agreement, the words “herein,” “hereof,” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular paragraph, subparagraph, section, subsection, or other subdivision.
Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. 

IN WITNESS WHEREOF, Indemnitee has executed and the Company has caused its duly authorized representative to execute this Agreement as of
the date first above written. 
  

			
	PERFECT STING RACING CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	INDEMNITEE
	
	 
	Name:	 	 

  
 -8-SUBLICENSE AGREEMENT

 Exhibit 10.8 
 SUBLICENSE AGREEMENT 
 THIS SUBLICENSE AGREEMENT (hereinafter, the
“Agreement”) is made as of the 18th day of November, 2011 (the “Effective Date”), by and between TSG HIP, Inc., a Delaware corporation (hereinafter, “LICENSOR”), and Perfect Sting Racing Corporation, a Delaware
corporation (hereinafter, “LICENSEE”). 
 WITNESSETH 

WHEREAS, LICENSOR has or may have certain rights in, to and under the name “Perfect Sting,” including for use in the horse
racing industry, and has acquired or may in the future acquire other trademark rights relating to this mark, including goodwill and common law rights (hereinafter, the “RIGHTS”), in each case pursuant to an arrangement between LICENSOR and
The Alpen House Racing ULC or an affiliate thereof (hereinafter, the “ALPEN HOUSE LICENSE”); and 
 WHEREAS, LICENSEE
is desirous of obtaining a non-exclusive sublicense to LICENSOR’s rights under the ALPEN HOUSE LICENSE to use the RIGHTS, and LICENSOR is willing to grant such a sublicense subject to the terms and conditions hereof. 

NOW, THEREFORE, in consideration of the mutual promises and conditions herein and for other consideration, the receipt and sufficiency of
which are hereby expressly acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Article I – Definitions 
 1.1 As used herein, the term LICENSED SERVICES means any and all services related to the acquisition, management, care, training and racing of thoroughbred race horses to be used in association with the
RIGHTS. 
 1.2 As used herein, “LICENSED TERRITORY” shall mean the world. 

Article II – Grant of License 
 2.1 LICENSOR hereby grants to LICENSEE a royalty-free, perpetual, non-exclusive license to all of LICENSOR’s rights acquired under the ALPEN HOUSE LICENSE to use the RIGHTS in connection with the
offer, marketing, promotion, providing and sale of LICENSED SERVICES in a lawful manner, in the LICENSED TERRITORY, during the term of this Agreement. LICENSED SERVICES offered by LICENSEE shall be marketed, promoted, provided and sold only in
accordance with the specifications and quality standards of LICENSOR, which shall be those specifications and quality standards imposed on LICENSOR pursuant to the license under which this sublicense is granted. 

2.2 LICENSOR reserves all rights under the ALPEN HOUSE LICENSE with respect to the RIGHTS not expressly licensed to LICENSEE hereunder,
and LICENSOR may grant licenses to others to use the RIGHTS in any manner whatsoever in connection with any goods or services whatsoever. 
 2.3 Except insofar as LICENSEE may use the RIGHTS in accordance with the provisions of this Agreement, LICENSEE shall not use or register or attempt to register any RIGHTS, service mark, or other
designation that may be, in LICENSOR’S opinion, the same or confusingly similar to the RIGHTS. 
 Article III –
Quality Control 
 3.1 LICENSOR reserves the exclusive right to establish standards for and exercise control over the
nature and quality of the LICENSED SERVICES, and the advertising and promotional materials, employing the RIGHTS, and LICENSEE shall adhere to such standards. 
 3.2 LICENSOR reserves the exclusive right to determine the method and form of use and display of the RIGHTS to the extent reasonably required or desirable as a matter of RIGHTS law and LICENSEE will be
bound by all such decisions of LICENSOR and will so use and display the RIGHTS. 
 3.3 LICENSOR and its designees shall have the
right, at all reasonable times, to inspect the LICENSED SERVICES and LICENSEE’S facilities for providing the same. 

  
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 3.4 In the event that the quality, usage and/or notice standards referred to above are not
maintained throughout the term of this Agreement, then, upon receipt of written notice from LICENSOR, LICENSEE shall immediately discontinue any and all offering for sale, sale, advertising, promotion, and providing of the LICENSED SERVICES in
connection with which the said quality, usage, or notice standards have not been met and shall thereafter immediately take all measures to rectify said deficiencies unless directed otherwise by LICENSOR. 

3.5 LICENSEE shall market LICENSED SERVICES in a manner consistent with high quality products and services so that such marketing shall
not reflect negatively or adversely upon the LICENSED SERVICES, the good name of LICENSOR or the RIGHTS. 

3.6 Whenever LICENSEE uses registered trademarks included in the RIGHTS, LICENSEE shall affix an appropriate
trademark notice and agrees to use the symbol “®” in connection with its use of the RIGHTS to the
extent federally registered, or “TM” where the mark has not been registered federally, and in each instance where appropriate accompanied by the words “Reg. TM of LICENSOR” or a reasonable facsimile thereof or such other
reference as may be designated by LICENSOR from time to time. 
 Article IV – TRADEMARKS Protection

 4.1 LICENSEE agrees that it shall not at any time apply for any trademark protection which would affect
LICENSOR’S ownership of any rights in the RIGHTS, nor file any document with any government authority or take any other action which could affect LICENSOR’S ownership of the RIGHTS, or aid or abet anyone else in doing so. 

4.2 LICENSEE will claim no interest in the RIGHTS beyond those rights expressly granted by this Agreement. 

Article V – Infringement 
 5.1 LICENSEE agrees to notify LICENSOR promptly if LICENSEE becomes aware of: (i) any uses of, or applications or registrations for, a RIGHTS or service mark that conflicts with the RIGHTS;
(ii) any act of infringement, imitation or unfair competition involving the RIGHTS; (iii) any allegations or claims, whether or not made in a lawsuit, that the use of the RIGHTS infringes any RIGHTS or service mark or other right of another
entity. LICENSOR shall have the sole right to determine whether or not any action shall be taken on account of any such infringement, imitation or unfair competition at LICENSOR’S cost and expense. 

5.2 LICENSEE shall not have the right to institute or settle any claim or litigation asserting or affecting the RIGHTS or to take any
action on account of the foregoing activities without first obtaining LICENSOR’S written consent. 
 5.3 LICENSEE agrees to
assist LICENSOR at LICENSOR’S cost and expense, to the extent necessary in the procurement of any protection or to protect any of LICENSOR’S rights to the RIGHTS. 
 Article VI – Termination 
 6.1 LICENSOR may terminate this
Agreement immediately upon written notice: (a) if LICENSEE files or has filed against it a petition in bankruptcy or judicial or administrative declaration of insolvency; (b) if LICENSEE ceases to exist or to do business and has completed
the liquidation of its business; (c) if there is a change of 50% or more in the shareholder control of LICENSEE; (d) on any material breach or default of this Agreement by LICENSEE that is not cured within 30 days of written notice from
LICENSOR; or (e) at any time after January 31, 2014. 
 6.2 Upon termination of this Agreement for any reason, nothing
herein shall be construed to release either party from any obligation that matured prior to the effective date of such termination. 
 6.3 Upon termination of this Agreement for any reason LICENSEE shall discontinue use of the RIGHTS and (a) not use any trademarks, service marks, or other designations that, in the LICENSOR’S
opinion, are confusingly similar thereto; and (b) dispose of any unused promotional materials containing the RIGHTS, designs or proprietary rights of LICENSOR in accordance with instructions from LICENSOR. 

Article VII – Assignment/Sublicense 
 7.1 LICENSEE shall not assign, sublicense or transfer all or any portion of this agreement without the express written consent of LICENSOR. Any assignment, sublicense or transfer without the express
written consent of LICENSOR shall be void ab initio and any such attempt to assign will result in immediate breach and cancellation of this Agreement. 

  
 Page 2 of 3

 Article VIII – Miscellaneous Provisions 

8.1 (a) All notices required or desired to be given hereunder shall be deemed given when a properly addressed certified or
registered letter bearing proper postage is deposited in the United States mails. 
  

	 	(b)	Notices to the parties shall be sent to the parties’ respective addresses. 

 

	 	(c)	Either party may in writing advise the other of any change in the address to which it desires notices to be sent. 

8.2 This Agreement represents the entire Agreement between the parties supersedes all prior or contemporaneous oral or written
understandings and may not be modified, added to or waived in whole or in part except by a writing executed by the parties hereto. 
 8.3 This Agreement shall be interpreted in accordance with, and shall be governed by, the laws of the State of Florida. 
 8.4 EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS AGREEMENT, LICENSOR MAKES NO REPRESENTATIONS AND EXTENDS NO WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND VALIDITY OF THE RIGHTS LICENSED HEREUNDER. 
 8.5 This Agreement may
be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 8.6 If any provision of this Agreement is held to be invalid or unenforceable for any reason, the remaining provisions shall continue in full force and effect without being impaired or invalidated in any
way. 
 8.7 A waiver of any breach of any provision of this Agreement shall not be deemed a waiver of any repetition of such
breach or in any manner affect any other terms or conditions of this Agreement. 
 8.8 Section headings have been included in
this Agreement merely for convenience of reference. They are not to be considered part of, or to be used in interpreting, this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed or caused this Agreement to be executed, in duplicate, by their duly authorized representatives as of the day and year first above written. 

 

									
	 LICENSOR
  

TSG HIP INC.
	 		 	 LICENSEE
  

PERFECT STING RACING CORPORATION

					
	By:	 	/s/    Michael Rogers         	 		 	By:	 	/s/    Lyle Strachan         
	Name:	 	Michael Rogers	 		 	Name:	 	Lyle Strachan
	 Title:
	 	President and Secretary	 		 	Title:	 	Chief Financial Officer

  
 Page 3 of 3

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