Document:

Short-Term Incentive Plan

 EXHIBIT 10.11 

LyondellBasell Industries Short-Term Incentive Plan 

(Effective as of January 1, 2010) 
  

	1.	Objectives and Establishment of Plan 

Effective as of January 1, 2010, LyondellBasell Industries N.V. (the “Company”) hereby establishes the LyondellBasell
Industries Short-Term Incentive Plan (the “Plan”) for the purposes of 
  

	 	•	 	 attracting, motivating, and retaining highly talented and competent individuals by providing competitive compensation opportunities similar to those of
comparable companies; 

  

	 	•	 	 aligning the interests of employees with the creation of value for the Company’s shareholders; and 

 

	 	•	 	 tying annual incentives to the achievement of performance objectives by the employee, his or her award unit and the Company as a whole.

 With respect to Participants who are United States taxpayers, the Company intends for the Plan to comply
with applicable requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), and the rules and regulations promulgated thereunder (collectively, “Section 409A”). As a “bonus program”
within the meaning of Section 2510.3-2(c) of the Department of Labor Regulations, the Plan is not subject to the requirements of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 

The Plan applies globally and may be adapted in certain jurisdictions to work in conjunction with locally negotiated bonus plans and to
comply with certain tax-advantaged bonus schemes and individual employment contracts. 
  

	2.	Interpretation and Definitions 

  

	 	(a)	General. 

  

	 	(1)	Interpretation. Unless a clear contrary intention appears, for purposes of construction of this Plan and all related Plan Documents:

  

	 	(i)	the singular number includes the plural number and vice versa; 

  

	 	(ii)	reference to any person includes such person’s successors and assigns but, if applicable, only if such successors and assigns are permitted by the Plan Documents,
and reference to a person in a particular capacity excludes such person in any other capacity; 

  

	 	(iii)	reference to any gender includes the other gender; 

	 	(iv)	reference to any Plan Document or any other agreement, document or instrument means the applicable Plan Document or such other agreement, document or instrument as
amended or modified and in effect from time to time in accordance with the terms thereof; and 

  

	 	(v)	reference to any law means such law as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from time to time, including rules and
regulations promulgated thereunder, and reference to any section or other provision of any law means that provision of such law from time to time in effect and constituting the substantive amendment, modification, codification, replacement or
reenactment of such section or other provision. 

  

	 	(2)	Accounting Terms. In each Plan Document, unless expressly otherwise provided, accounting terms shall be construed and interpreted, and accounting
determinations and computations shall be made, in accordance with generally accepted accounting principles. 

  

	 	(3)	Conflict in Plan Documents. If there is any conflict between any two or more Plan Documents, such Plan Documents shall be interpreted and construed, if
possible, so as to avoid or minimize such conflict but, to the extent (and only to the extent) of such conflict, the Plan Document dealing most specifically with the matter as to which there is a conflict shall prevail and control. If it cannot
be determined which Plan Document deals most specifically with a matter as to which there is a conflict then the Plan shall prevail and control. 

  

	 	(4)	Conflict with Local Laws. To the extent not otherwise governed by mandatory provisions of the Code or securities laws of the United States, if there is a
conflict between the Plan Documents and the local laws of a country applicable to a Participant, the local laws of such country shall prevail and control. 

  

	 	(5)	Conflict with Employment Agreements or Collective Bargaining Agreements. To the extent that participation in this Plan is intended to satisfy the Company’s
obligations under any employment agreement between the Company and the Participant or a collective bargaining agreement or works council agreement covering the Participant, this Plan shall be interpreted and construed to the fullest extent possible
consistent with such employment agreement or collective bargaining agreement or works council agreement, and in the event of a conflict between the terms of such employment agreement or collective bargaining agreement or works council agreement and
the terms of this Plan, the terms of the employment agreement or the collective bargaining agreement or works council agreement shall prevail and control. 

  

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	 	(b)	Definitions. 

  

	 	(1)	“Affiliate” means any person or entity that directly or indirectly controls, is controlled by or is under common control with the Company.

  

	 	(2)	“Board” means the Supervisory Board of the Company. 

  

	 	(3)	“Cause” means the Company or an Affiliate having “cause” to terminate a Participant’s employment or service, as defined in any employment or
consulting agreement between the Participant and the Company or Affiliate in effect at the time of such termination or (ii) in the absence of any such agreement or definition therein, (A) the Participant’s conviction for, plea of
guilty or nolo contendere to a felony or its equivalent in accordance with local laws, (B) the Participant’s commission of a material act or omission involving dishonesty or fraud in the course of a Participant’s duties to the Company
or an Affiliate, (C) the Participant’s conduct that brings or is reasonably likely to bring the Company or an Affiliate into public disgrace or disrepute and that affects the Company’s or an Affiliate’s business in any material
way, (D) the Participant’s continuing and willful failure to perform duties as reasonably directed by the Company or Affiliate (which if curable, is not cured within 10 days after written notice thereof is provided to the Participant),
(E) the Participant’s gross negligence or willful misconduct with respect to the Company or its Affiliates (which, if curable, is not cured within 10 days after written notice thereof is provided to the Participant) or (F) the
Participant’s failure to meet minimum work requirements or unsatisfactory work performance or conduct. Any determination of whether Cause exists shall be made by the Committee in its sole discretion. 

 

	 	(4)	“Committee” means the Compensation Committee of the Board, or its delegate. 

 

	 	(5)	“Company” means LyondellBasell Industries N.V., and any successor entity. 

 

	 	(6)	“Date of Termination” means the date on which a Participant ceases to be an Employee. 

 

	 	(7)	“Disability” means a permanent and total disability as defined in the applicable long-term disability plan of the Participating Employer. “Disabled”
has the correlative meaning. 

  

	 	(8)	“Employee” means an individual employed by a Participating Employer, including any such individual who is assigned to work for a joint venture with a
Subsidiary or Affiliate. 

  

	 	(9)	“Participant” means an Employee who has been designated as a Participant pursuant to Section 4. 

 

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	 	(10)	“Participating Employer” means the Company, together with any Subsidiaries or Affiliates of the Company whose Employees are included in the Plan upon
authorization of the Committee. 

  

	 	(11)	“Plan” means the LyondellBasell Industries Short-Term Incentive Plan, as set forth herein and as hereafter amended. 

 

	 	(12)	“Plan Document” means this Plan, any administrative procedures that may from time to time be adopted by the Committee (including Appendix A), and any
other document defining the rights and liabilities of any Participant. 

  

	 	(13)	“Plan Year” means a period of twelve (12) months beginning on January 1 of any calendar year. 

 

	 	(14)	“Retirement” means a Participant’s voluntarily initiated Termination of Service on or after the earliest of (i) age 65, (ii) age 55 with 10
years of participation service credited under the qualified defined benefit pension plan maintained by the Company or a Subsidiary or an Affiliate in which the Participant is eligible to participate, (iii) the time of retirement as defined in a
written agreement between a Participant and a Participating Employer, or (iv) outside the United States, the time when retirement is permitted and the Participant is eligible to receive a company retirement benefit under applicable law with
respect to the Participant’s primary place of employment (as determined by the Committee in its sole judgment). 

  

	 	(15)	“Salary” means a Participant’s pay used to calculate the STI Award as defined in the Administrative Procedures document attached as Appendix A.

  

	 	(16)	“Short-Term Incentive Plan Award” or “STI Award” means an award of cash made pursuant to the Plan (or any prorated portion thereof) for a Plan Year,
determined in accordance with the provisions of Appendix A. 

  

	 	(17)	“Subsidiary” means any corporation, limited liability company, joint venture or partnership in which the Company (or its direct or indirect Subsidiary) holds
more than 50 percent of the equity interest. 

  

	 	(18)	“Target STI Award” means the projected amount based on a percentage of the Participant’s Salary that may be payable in satisfaction of the STI Award for
a Plan Year if the Committee, in accordance with the Administrative Procedures document attached as Appendix A, determines and certifies the Company Performance Percentage, the Award Unit Performance Percentage and Individual Performance Modifier
applicable to such Participant all at 100 percent. 

  

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	 	(19)	“Termination of Service” occurs when a Participant ceases to serve as an Employee for any reason. 

 

	3.	Administration of the Plan 

  

	 	(a)	The Plan shall be administered by the Committee. 

  

	 	(b)	The Committee may establish, from time to time and at any time, subject to the limitations of the Plan as set forth herein, such rules and regulations and amendments
and supplements thereto, as it deems necessary to comply with applicable law and for the proper administration of the Plan. 

  

	 	(c)	The Committee’s interpretation and construction of the provisions of the Plan and rules and regulations adopted by the Committee shall be final. No member of
the Committee or the Board, or their delegates, shall be liable for any action taken, or determination made, in respect of the Plan in good faith. Notwithstanding any other provision of the Plan, the Plan shall be interpreted, operated and
administered with respect to United States taxpayers in a manner consistent with Section 409A. 

  

	 	(d)	The members of the Committee may retain counsel, employ agents, and provide for such clerical, accounting and consulting services as they may require in carrying out
the provisions of the Plan; and may allocate among themselves or delegate to other persons all or such portion of their duties under the Plan as they, in their sole discretion, shall decide. Each member of the Committee and each member of the
Board shall be fully justified in relying upon or acting in good faith upon any opinion, report, or information furnished in connection with the Plan by any accountant, counsel, or other specialist so retained (including financial officers of the
Company, whether or not such persons are Participants in the Plan). 

  

	4.	Eligibility and Participation 

  

	 	(a)	Except for individuals described in Section 4(b), all individuals who are Employees on January 1 of a Plan Year shall be Participants in the Plan.

  

	 	(b)	Certain Employees who are represented by works councils or collective bargaining agreements or who provide services to a joint venture of the Company participate in
other bonus programs maintained by their Participating Employer. An Employee who participates during all or a portion of the Plan Year in any other annual bonus program maintained by a Participating Employer shall not be a Participant in this Plan
during such portion of the Plan Year in which the Employee participates in such other bonus program. However, notwithstanding the foregoing, Premio di Participazione (Italy), Interessement (France), or Resultaten Bonus
(Belgium), and any other local bonus scheme designated by the Committee, shall be integrated with and considered part of this Plan for purposes of applying this Section 4(b), provided that an individual’s combined target award from such a
local bonus scheme and this Plan for a Plan Year shall not exceed the Participant’s Target STI Award under this Plan for such Plan Year. 

  

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	 	(c)	If, during a Plan Year, an individual is hired as an Employee or otherwise becomes eligible to participate in the Plan and is designated as a Participant by the
Committee, the Employee will become a Participant in the Plan and will be eligible for an STI Award for said Plan Year. Such STI Award will be prorated for the period which begins on the date of employment or eligibility and ends as of the last
day of the applicable Plan Year. 

  

	5.	STI Awards 

  

	 	(a)	As soon as practicable following the beginning of each Plan Year, the Committee shall establish a Target STI Award for each Participant which will be measured as
described in the Administrative Procedures document attached hereto as Appendix A. 

  

	 	(b)	Following the end of each Plan Year, the Committee shall calculate each Participant’s STI Award for that Plan Year in accordance with the Administrative Procedures
document attached hereto as Exhibit A. 

 Any resultant STI Award may be further adjusted as a result of the
application of the provisions in Section 5(c) or by the Committee in its sole and absolute discretion whether in individual cases or in the aggregate. 
  

	 	(c)	Notwithstanding anything contained in the Plan Documents to the contrary, in the event that any Participant engages in any activity which the Committee, in its sole
discretion, judges to be detrimental to any Participating Employer, the Committee may cancel or reduce the STI Award in whole or in part at any time prior to payment of the STI Award. 

 

	6.	Payment of STI Awards 

  

	 	(a)	 STI Awards will be paid in a single lump-sum cash payment on
March 15th after the Plan Year ends, except that an
STI Award to a non-United States Employee may be paid no later than April 30 after the Plan Year ends. 

  

	 	(b)	Notwithstanding any provision of this Plan to the contrary, if the Participant who is a United States taxpayer is treated as a “specified employee” within the
meaning of Section 409A as of the date of the Participant’s termination, then any amounts or benefits which are payable under this Plan upon the Participant’s “separation from service” within the meaning of Section 409A
which are subject to the provisions of Section 409A and are not otherwise excluded under Section 409A and would otherwise be payable during the first six-month period following such separation from service shall be paid on the fifteenth
business day next following the earlier of (1) the expiration of six months from the date of the Participant’s termination or (2) the Participant’s death. 

 

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	7.	Vesting and Forfeiture 

  

	 	(a)	STI Awards under this Plan are not wages and are not earned or accrued over regular payroll intervals. A Participant will become vested in his STI Award for the 2010
Plan Year if the Participant is an Employee on December 31, 2010. For Plan Years beginning on and after January 1, 2011, a Participant will become vested in his STI Award for such Plan Year if the Participant is an Employee on the date the
Committee certifies the Company Performance Percentage and Award Unit Performance Percentage for such Plan Year. 

  

	 	(b)	If a Participant becomes Disabled, the Participant shall be vested in his STI Award as of the date of Disability; provided, however, that the amount of the STI Award to
which he is entitled shall be pro-rated in accordance with Section 7(d). 

  

	 	(c)	If a Participant has a Termination of Service due to Retirement, involuntary termination not for Cause, or death prior to the date of payment of the STI Award, the
Participant shall be vested in his STI Award on his Date of Termination; provided, however, that the amount of the STI Award to which he is entitled shall be pro-rated in accordance with Section 7(d). 

 

	 	(d)	The amount of the STI Award payable to the Participant under Section 7(b) or 7(c) with respect to Plan Year shall be pro-rated by a fraction, the numerator of
which shall be the number of days of the Participant’s employment in such Plan Year ending on the earlier of (1) the date of Disability or Date of Termination, as applicable, or (2) December 31 of such Plan Year and the denominator of
which shall be the number of days in the Plan Year. 

  

	 	(e)	Notwithstanding the foregoing, in the event a Participant: (1) takes a leave of absence from the Company for personal reasons or as a result of entry into military
service, or (2) terminates employment for reasons which, in the judgment of the Committee, are deemed to be special circumstances, the Committee may consider such circumstances and may take such action (to the extent consistent with
Section 409A) as it may deem appropriate under the circumstances, including extending the rights of a Participant to continue participation in the Plan beyond his Date of Termination; provided, however, that in no event may participation be
extended beyond the term of the Plan Year in question. 

  

	8.	Amendment or Discontinuance 

Except as otherwise provided in this Section 8, the Company may (a) amend, suspend or discontinue the Plan, in whole or in part,
and (b) amend or suspend Appendix A. Any such amendment may be made effective with respect to any Plan Year and with respect to any STI Awards which, as of the date of the amendment, are earned but have not become payable. The
Company is not required to obtain the consent of any Participant in order for any such amendment, suspension or termination to be effective. 

Notwithstanding the foregoing, neither the Plan nor Appendix A shall be amended or terminated in a manner that would cause the Plan
or any amounts payable under the Plan 
  

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to fail to comply with the requirements of Section 409A with respect to United States taxpayers, to the extent applicable, and, further, the provisions of any purported amendment or
termination that may reasonably be expected to result in such non-compliance shall be of no force or effect with respect to the Plan. 
  

	9.	Recapitalization Merger and Consolidation 

The existence of this Plan and the STI Awards granted hereunder shall not affect in any way the right or power of the Company or those
entities holding membership interests in the Company to make or authorize any or all adjustments, reorganizations, or other changes in the Company’s capital structure and its business, or any merger or consolidation of the Company, or the
dissolution or liquidation of the Company, or any sale or transfer of all or part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

 

	10.	General Provisions 

  

	 	(a)	STI Awards shall be nontransferable and nonassignable, except that any such STI Awards may be transferred by testamentary instrument or by the applicable laws of
descent and distribution. 

  

	 	(b)	The establishment of the Plan shall not confer any legal rights upon any Employee or other person to continued employment, nor shall it interfere with the right of any
Participating Employer (which right is hereby reserved) to discharge any Employee and to treat him without regard to the effect which that treatment might have upon him as a Participant or potential Participant. 

 

	 	(c)	Neither the adoption of this Plan nor any action of the Board or the Committee shall be deemed to give any person any right to receive an STI Award or any other rights
except otherwise specifically provided herein. 

  

	 	(d)	The governing law applicable to this Plan shall be determined as follows: 

  

	 	(1)	For Participants who are United States taxpayers, this Plan and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by
mandatory provisions of the Code or the securities laws of the United States, shall be governed by, and construed and enforced according to, the laws of the State of Texas; provided, however, that notwithstanding any contrary provision of this Plan,
for an Employee who is on international assignment in the United States, Section 10.(d)(2) will apply, 

  

	 	(2)	For Participants who are not United States taxpayers, this Plan and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by
mandatory provisions of the Code or securities laws of the United States, shall be governed by, and construed and enforced according to, the laws of the country in which the Participant is employed. 

 

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	 	(e)	The Company shall have the right to deduct from all amounts hereunder paid in cash, any federal, state, local, or other taxes required by law to be withheld with
respect to such payments. 

  

	 	(f)	The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company, expressly to assume and agree to perform the Company’s obligations under this Plan in the same manner and to the same extent that the Company would be required to perform them if no such succession had taken place.

  

	 	(g)	The Plan shall be unfunded. Neither the Company, any Participating Employer, the Committee, nor the Board shall be required to segregate any assets or secure any
liability that may at any time exist under the Plan. 

  

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 APPENDIX A 

Administrative Procedures 
  

	1.	STI Award 

 On or before December 31,
2010 for the 2010 Plan Year and on or before March 30 of each succeeding Plan Year, the Committee shall establish and communicate to each Participant his or her Target STI Percentage for the Plan Year. 

The STI Award payable to each Participant shall be determined under the following formula: 

STI Award = Salary x Target STI Percentage x ((Company Performance Percentage x 50 percent) + (Award Unit Performance Percentage x 50 percent)) x
Individual Performance Modifier. 
  

	2.	Definitions 

 The following definitions
apply for determining STI Awards: 
  

	 	(a)	“Award Unit” a discrete organizational unit to which a Participant is assigned for purposes of measuring performance of the operational or functional group to
which the Participant contributes. 

  

	 	(b)	“Award Unit Performance Goals” means one or more objective performance goals for each Award Unit for the Plan Year. The Award Unit Performance Goals shall be
comprised of one or more of the elements described under “Company Performance Goals,” as modified to address specific budgets and targets applicable to the Award Unit; as well as, with respect to staff functions such as the research and
development and service award units, the additional criteria of internal customer satisfaction. The relative weighting of each focus area varies slightly according to the type of activity being carried out by the Award Unit. The Committee will
establish Award Unit Performance Goals for the 2010 Plan Year before July 31, 2010 for the 2010 Plan Year and on or before March 30 for each succeeding Plan Year. 

 

	 	(c)	“Award Unit Performance Percentage” means the performance result as determined by the Committee following the close of the Plan Year of each Award Unit
relative to its Award Unit Performance Goals for the Plan Year. The Committee will certify each Award Unit Performance Percentage for each Plan Year in writing. An Award Unit Performance Percentage may range from 0 percent to 200 percent. If a
Participant is responsible for or contributes to more than one Award Unit, the applicable Award Unit Performance Percentage applied to determine such Participant’s STI Award will be a weighted average of the Award Unit Performance Percentages
for the relevant Award Units. For Employees who leave or join an Award Unit during a Plan Year, the weighted average shall be based on the number of calendar days the Employee spends in each Award Unit during the Plan Year. 

 

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	 	(d)	“Company Performance Goals” means one or more objective performance goals for the Company during the Plan Year. The factors which the Committee may take into
account in establishing such goals may include HSE Performance based on Recordable Injury Rate and HSE Management (considering severity of injuries and benchmarks, process safety incidents, environmental performance and stewardship, and audit
results); Costs based on fixed costs compared to budget (considering benchmarks and success in cost improvement initiatives); business results based on EBITDA defined in the Company’s financing arrangements with appropriate adjustments for
unusual events compared to budget (considering business environment and relative performance to peer companies); and such other quantitative or qualitative factors as the Committee, in its discretion, determines to be relevant to the assessment of
the Company’s overall financial and operational performance. For each Plan Year beginning on or after January 1, 2011, the Committee will establish the Company Performance Goals on or before March 30. The Committee has
established the following Company Performance Goals for the 2010 Plan Year: 

  

					
	 Metric
	  	 Weight
	  	 Targets & Considerations

	HSE Performance	  	12.5 percent	  	 Based on Recordable Injury Rate and HSE Management
  

(Considering severity of injuries and benchmarks, process safety incidents, environmental performance and stewardship, and audit
results.)

			
	Costs	  	12.5 percent	  	 Based on cash fixed costs compared to budget.
  

(Considering benchmarks and success in cost improvement initiatives.)

			
	Business Results	  	25 percent	  	 Based on EBITDA defined in accordance with the company’s financing arrangements with appropriate adjustments for unusual events
compared to budget.
  
 (Considering business environment and performance
relative to peer companies.)

  

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	 	(e)	“Company Performance Percentage” means the performance result as determined by the Committee following the close of the Plan Year of the Company relative to
the Company Performance Goals for the Plan Year. The Committee will certify the Company Performance Percentage for a Plan Year in writing. A Company Performance Percentage may range from 0 percent to 200 percent. 

 

	 	(f)	“Individual Performance Modifier” means the performance result as determined by the Committee following the close of the Plan Year for each Participant with
respect to his or her individual performance relative to his or her peers. The Committee will communicate each Participant’s Individual Performance Modifier for a Plan Year to such Participant in writing. An Individual Performance Modifier may
range from 0 to 1.5. 

  

	 	(g)	“Salary” means 

  

	 	(1)	 Except as provided in subparagraph (2) below, the annualized base pay of such Participant as of December 31 of the Plan Year with respect to
which an STI Award is made, including any statutorily required adjustments such as overtime in the United States and, for the avoidance of doubt, including any
13th,
14th,
15th month (or similar) payments.

  

	 	(2)	In the case of a Participant’s Disability or Termination of Service by reason of Retirement or involuntary termination without Cause during a Plan Year, such
Participant’s pro-rated STI Award for the Plan Year shall be determined on the same basis as Section 2.(g)(1), but using the base rate of pay of the Participant when he is placed on Disability or the Date of Termination of Service, as
applicable. 

  

	 	(h)	“Target STI Percentage” means the percentage of the Participant’s Salary used to calculate the Participant’s Target STI Award.

  

 -12-Form of Officer and Indemnification Agreement

 EXHIBIT 10.14 

Execution Copy 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) dated the [—]
day of [—], 2010, by and between LyondellBasell Industries N.V., a public limited liability company formed under the laws of The Netherlands (the “Company”), and
[—], an individual (“Indemnitee”). 
 RECITALS 

 A. Competent and experienced persons are reluctant to serve or to continue to serve as directors of corporations or in other
capacities unless they are provided with adequate protection through insurance or indemnification (or both) against claims against them arising out of their service and activities on behalf of the corporation. 

B. The current uncertainties relating to the availability of adequate insurance have increased the difficulty for corporations of
attracting and retaining competent and experienced persons to serve in such capacity. 
 C. The supervisory board of the Company
(the “Supervisory Board”) has determined that the continuation of present trends in litigation will make it more difficult to attract and retain competent and experienced persons to serve as directors of the Company, that
this situation is detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of adequate protection in the future. 

D. As a supplement to and in the furtherance of the Company’s Articles of Association, as amended (the
“Articles”), it is reasonable, prudent, desirable and necessary for the Company contractually to obligate itself to indemnify, and to pay in advance expenses on behalf of, directors to the fullest extent permitted by law,
consistent with the Company’s Liability Insurance, so that they will serve or continue to serve the Company free from concern that they will not be so indemnified and that their expenses will not be so paid in advance; 

E. This Agreement is not a substitute for, nor is it intended to diminish or abrogate any rights of Indemnitee under, Liability
Insurance, the Articles or any resolutions adopted pursuant thereto (including any contractual rights of Indemnitee that may exist); 

F. Indemnitee is a director and/or officer of the Company and his or her willingness to continue to serve in such capacity is predicated,
in substantial part, upon the Company’s willingness to indemnify him or her to the fullest extent permitted by Applicable Law, consistent with the Company’s Liability Insurance, and upon the other undertakings set forth in this Agreement.

 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and covenants contained herein, the Company and Indemnitee hereby agree as
follows: 
 ARTICLE 1 

CERTAIN DEFINITIONS 

Capitalized terms used but not otherwise defined in this Agreement have the meanings set forth below: 

“Applicable Law” means the laws of The Netherlands. 

“Corporate Status” means the status of a person who is or was a director, officer, employee, partner, member,
manager, trustee, fiduciary or agent of the Company or of any other Enterprise which such person is or was serving at the request of the Company. In addition to any service at the actual request of the Company, Indemnitee will be deemed, for
purposes of this Agreement, to be serving or to have served at the request of the Company as a director, officer, employee, partner, member, manager, trustee, fiduciary or agent of another Enterprise if Indemnitee is or was serving as a director,
officer, employee, partner, member, manager, fiduciary, trustee or agent of such Enterprise and (i) such Enterprise is or at the time of such service was a Controlled Affiliate, (ii) such Enterprise is or at the time of such service was an
employee benefit plan (or related trust) sponsored on maintained by the Company or a Controlled Affiliate or (iii) the Company or a Controlled Affiliate caused Indemnitee to be nominated, elected, appointed, designated, employed, engaged or
selected to serve in such capacity on its behalf. 
 “Controlled Affiliate” means any corporation,
limited liability company, partnership, joint venture, trust or other Enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, the term “control” means the
possession, directly or indirectly, of the power to direct, or cause the direction of, the management or policies of an Enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise;
provided, however, that direct or indirect beneficial ownership of capital stock or other interests in an Enterprise entitling the holder to cast 10% or more of the total number of votes generally entitled to be cast in the election of
directors (or persons performing comparable functions) of such Enterprise will be deemed to constitute “control” for purposes of this definition. 

“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding,
decision or Enterprise action in respect of which indemnification is sought by Indemnitee. 

“Enterprise” means the Company and any other corporation, partnership, limited liability company, joint venture,
employee benefit plan, trust or other entity or other enterprise of which Indemnitee is or was serving at the request of the Company in a Corporate Status. 
  

 2 

 “Expenses” means all reasonable and necessary attorney’s fees,
disbursements and retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, fax transmission charges, delivery service fees and all other
disbursements or expenses paid or 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, or in connection with seeking
indemnification under this Agreement. Expenses will also include Expenses reasonably paid or incurred in connection with any appeal resulting from any Proceeding. Expenses, however, will not include amounts paid in settlement by Indemnitee or the
amount of judgments or fines against Indemnitee. Notwithstanding the foregoing, the Company’s obligation to pay “Expenses” is limited to Expenses incurred after written notice is given to the Company of a Proceeding, and the
Company’s obligation to pay fees to defense counsel shall be limited to the rates which are actually paid by the Company to attorneys performing similar work in the ordinary course of business in the defense of similar actions in the community
where the Proceeding is being defended. When a Proceeding subject to the indemnity obligation in this Agreement presents both matters that are covered by the indemnity obligation and matters that are not, Expenses shall refer solely to Expenses
incurred for the defense of those parts of the Proceeding that are covered by the indemnity obligation in this Agreement 

“Fund Indemnitors” means any Person who employs the Indemnitee or of whom the Indemnitee is a partner or member,
and such Person’s affiliated investment funds, managed funds and management companies and each of their respective affiliates. 

“Independent Counsel” means an attorney or firm of attorneys that is experienced in matters of corporation law in
the appropriate jurisdictions and neither currently is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters
concerning the Indemnitee under this Agreement and/or the indemnification provisions of the Articles, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for
indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” does 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. 

“Liability Insurance” means such director and officer liability insurance (or the equivalent), which the Company
purchases for the benefit of its directors and officers. The Liability Insurance that the Company currently maintains is set forth in Exhibit A, provided, however, that the Company may alter the composition of the insurance program, including the
amount and terms of insurance, and the participating insurers, in the Company’s sole discretion. 

“Losses” means any loss, liability, judgments, damages, amounts paid in settlement (which settlement is entered
into in accordance with the terms of this Agreement), fines (including excise taxes and penalties assessed with respect to employee benefit plans) and all interest, assessments and other charges paid or payable in connection with or in respect of
any of the foregoing. 
 “Management Board” means the management board of the Company. 

 

 3 

 “Person” shall be construed broadly and shall include, without
limitation, an individual, a partnership, stichting, commanditaire vennootschap, besloten vennootschap, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency or political subdivision thereof. 
 “Proceeding” means
any actually threatened, pending or completed action, suit, claim, demand, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, including any and
all appeals, whether brought by or in the right of the Company or otherwise, whether civil, criminal, administrative or investigative, whether formal or informal, and in each case commenced after the date of this Agreement, in which Indemnitee was,
is or will be involved as a party or otherwise, by reason of or relating to Indemnitee’s Corporate Status and by reason of or relating to either (i) any action or alleged action taken by Indemnitee (or failure or alleged failure to act) or
of any action or alleged action (or failure or alleged failure to act) on Indemnitee’s part, while acting in his or her Corporate Status or (ii) the fact that Indemnitee is or was serving at the request of the Company as director, officer,
employee, partner, member, manager, trustee, fiduciary or agent of another Enterprise, in each case whether or not serving in such capacity at the time any Loss or Expense is paid or incurred for which indemnification or advancement of Expenses can
be provided under this Agreement, except one initiated by Indemnitee to enforce his or her rights under this Agreement. 

References to “serving at the request of the Company” include any service as a director, officer, employee or
agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to any employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he or
she reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan will be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to
under applicable law or in this Agreement. 
 ARTICLE 2 

SERVICES TO THE COMPANY 

2.1 Services to the Company. Indemnitee agrees to serve as a director on the Company’s Supervisory Board. Indemnitee may at
any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law), in which event the Company will have no obligation under this Agreement to continue Indemnitee in such
position. This Agreement will not be construed as giving Indemnitee any right to be retained as a director on the Company’s Supervisory Board or in any other position with the Company(or any other Enterprise). 

ARTICLE 3 

INDEMNIFICATION 

3.1 Company Indemnification. Except as otherwise provided in this Article 3, if Indemnitee was, is or becomes a party
to, or was or is threatened to be made a party to, or was or is otherwise involved in, any Proceeding, the Company will indemnify and hold harmless 

 

 4 

 
Indemnitee to the fullest extent permitted by the Articles and Applicable Law, as the same exists or may hereafter be amended, interpreted or replaced, against any and all Expenses and Losses,
and any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, that are paid or incurred by Indemnitee in connection with such Proceeding. 

3.2 Mandatory Indemnification if Indemnitee is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement
(other than Section 6.9), to the extent that Indemnitee has been successful, on the merits or otherwise, in defense of any Proceeding or any part thereof, the Company will indemnify Indemnitee against all Expenses that are paid or
incurred by Indemnitee in connection therewith. If Indemnitee is not wholly successful in such Proceeding, but is successful, on the merits or otherwise, as to one or more but fewer than all claims, issues or matters in such Proceeding, the Company
will indemnify and hold harmless Indemnitee against all Expenses paid or incurred by Indemnitee in connection with each successfully resolved claim, issue or matter on which Indemnitee was successful. For purposes of this Section 3.2,
the termination of any Proceeding, or any claim, issue or matter in such Proceeding, by dismissal with or without prejudice will be deemed to be a successful result as to such Proceeding, claim, issue or matter. 

3.3 Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee is, by reason of his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, the Company will advance all reasonable expenses and indemnify Indemnitee against all Expenses paid or incurred by Indemnitee on
his or her behalf in connection therewith. 
 3.4 Exclusions. Notwithstanding any other provision of this Agreement, the
Company will not be obligated under this Agreement to provide indemnification in connection with the following: 

(a) Any Proceeding (or part of any Proceeding) initiated or brought voluntarily by Indemnitee against the Company or its
directors, officers, employees or other indemnities, unless the Management Board has authorized or consented to the initiation of the Proceeding (or such part of any Proceeding) with approval of the Supervisory Board. 

(b) For an accounting 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 Exchange Act or any similar successor statute or for any Losses to the extent that they represent the gaining in fact of any profit or advantage to which the Indemnitee is not legally entitled.

 (c) If the Indemnitee suffers Losses or Expenses as a result of his willful default, negligence or misconduct
under Applicable Law 
 (d) For any Proceeding arising out of, based upon or attributable to the committing in
fact by the Indemnitee of any deliberate criminal or deliberate fraudulent act. 
  

 5 

 ARTICLE 4 

ADVANCEMENT OF EXPENSES 

4.1 Expense Advances. Except as set forth in Section 4.2, the Company will, if requested by Indemnitee, advance, to
the fullest extent permitted by Applicable Law, to Indemnitee (hereinafter an “Expense Advance”) any and all Expenses paid or incurred by Indemnitee in connection with any Proceeding (whether prior to or after its final
disposition). Indemnitee’s right to each Expense Advance will be subject to the requirements of the next sentence but not otherwise subject to the satisfaction of any standard of conduct and will be made without regard to Indemnitee’s
ultimate entitlement to indemnification under the other provisions of this Agreement, or under provisions of the Articles or otherwise. Each Expense Advance will be unsecured and interest free and will be made by the Company upon a resolution of the
Supervisory Board; provided, however, that an Expense Advance will be made only upon delivery to the Company of an undertaking (hereinafter an “Undertaking”), in a form satisfactory to the Company, by or on
behalf of Indemnitee, to repay such Expense Advance if it is ultimately determined, by final decision by a court or arbitrator, as applicable, from which there is no further right to appeal, that Indemnitee is not entitled to be indemnified for such
Expenses under the Articles or Applicable Law. An Expense eligible for an Expense Advance will include any and all reasonable Expenses incurred pursuing an action to enforce the right of advancement provided for in this Article 4.

 4.2 Exclusions. Indemnitee will not be entitled to any Expense Advance in connection with any of the matters for which
indemnity is excluded pursuant to Section 3.4. 
 4.3 Timing. An Expense Advance pursuant to
Section 4.1 will be made within fifteen business days after the resolution of the management board is approved by the Supervisory Board with respect to such Expense Advance; provided, however, that no such Expense Advance
will be made by the Company prior to receipt by the Company of the Undertaking. 
 ARTICLE 5 

CONTRIBUTION IN THE EVENT OF JOINT LIABILITY 

5.1 Contribution by Company. To the fullest extent permitted by law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, will contribute to the amount of Expenses and Losses incurred or paid by Indemnitee in connection with any Proceeding in proportion to the relative
benefits received by the Company and all officers, directors and employees of the Company other than Indemnitee who are jointly liable with Indemnitee, on the one hand, and Indemnitee, on the other hand, from the transaction from which such
Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all
officers, directors and employees of the Company other than Indemnitee who are jointly liable with Indemnitee, on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such Expenses and Losses, as well as
any other equitable considerations which applicable law may require to be considered. The relative fault of the Company and all officers, directors and employees of the Company other than Indemnitee who are jointly liable with Indemnitee, on the one
hand, and Indemnitee, on the other hand, will 
  

 6 

 
be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary
or secondary, and the degree to which their conduct was active or passive. 
 5.2 Indemnification for Contribution Claims by
Others. To the fullest extent permitted by law, the indemnification herein will include claims of contribution which may be brought by other officers, directors or employees of the Company who may be jointly liable with Indemnitee for any Loss
or Expense arising from a Proceeding. 
 ARTICLE 6 

PROCEDURES AND PRESUMPTIONS FOR THE 

DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION 

6.1 Notification of Claims; Request for Indemnification. Indemnitee agrees to notify promptly the Company in writing of any claim
made against Indemnitee for which indemnification will or could be sought under this Agreement; 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’s ability to defend or to obtain coverage under the Company’s Liability Insurance for
such Proceeding; 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. The omission to notify the Company will not
relieve the Company from any liability for indemnification which it may have to Indemnitee otherwise than under this Agreement. Indemnitee may deliver to the Company a written request to have the Company indemnify and hold harmless Indemnitee in
accordance with this Agreement. Subject to Section 6.9, such request may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion. Following such a written request for
indemnification, Indemnitee’s entitlement to indemnification shall be determined according to Section 6.2. The Secretary of the Company will, promptly upon receipt of such a request for indemnification, advise the Management Board
in writing that Indemnitee has requested indemnification. The Company will be entitled to participate in any Proceeding at its own expense. 

6.2 Determination of Right to Indemnification. Upon written request by Indemnitee for indemnification pursuant to
Section 6.1 hereof with respect to any Proceeding, a determination with respect to Indemnitee’s entitlement thereto will be made by one of the following, at the election of the Company: (1) so long as there are Disinterested
Directors with respect to such Proceeding, a majority vote of the Disinterested Directors, even though less than a quorum of the Supervisory Board, (2) so long as there are Disinterested Directors with respect to such Proceeding, a committee of
such Disinterested Directors designated by a majority vote of such Disinterested Directors, even though less than a quorum of the Supervisory Board or (3) Independent Counsel in a written opinion delivered to the Supervisory Board, a copy of
which will also be delivered to Indemnitee. The election by the Company to use a particular person, persons or entity to make such determination is to be included in a written notification to Indemnitee. The person, persons or entity chosen to make
a determination under this Agreement of the Indemnitee’s entitlement to indemnification shall act reasonably and in good faith in making such determination. 

 

 7 

 6.3 Selection of Independent Counsel. If the determination of entitlement to
indemnification pursuant to Section 6.2 will be made by an Independent Counsel, the Independent Counsel will be selected as provided in this Section 6.3. The Independent Counsel will be selected by the Company (unless the
Company requests that such selection be made by the Indemnitee, in which event the immediately following sentence will apply) and the Company will give written notice to Indemnitee advising it of the identity of the Independent Counsel so selected.
If the Independent Counsel is selected by the Indemnitee, Indemnitee will give written notice to the Company advising of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within
ten days after such written notice of selection is given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground
that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in this Agreement, and the objection will set forth with particularity the factual basis of such assertion. Absent a proper and
timely objection, the person so selected will act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court
has determined that such objection is without merit. If, within 30 days after submission by Indemnitee of a written request for indemnification pursuant to Section 6.1, no Independent Counsel is selected, or an Independent Counsel for
which an objection thereto has been properly made remains unresolved, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which has been made by the Company or Indemnitee to the
other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court may designate, and the person with respect to whom all objections are so resolved
or the person so appointed will act as Independent Counsel under Section 6.2. The Company will pay any and all reasonable and necessary fees and expenses incurred by such Independent Counsel in connection with acting pursuant to
Section 6.2 hereof, and the Company will pay all fees and expenses incident to the procedures of this Section 6.3, regardless of the manner in which such Independent Counsel was selected or appointed. 

6.4 Burden of Proof. In making a determination with respect to entitlement to indemnification hereunder, the person, persons or
entity making such determination will presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption will have the burden of proof. Indemnitee will be deemed to have acted in good faith if
Indemnitee’s action with respect to a particular Enterprise is based on the records or books of account of such Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of such Enterprise in the
course of their duties, or on the advice of legal counsel for such Enterprise or on information or records given or reports made to such Enterprise by an independent certified public accountant or by an appraiser or other expert selected by such
Enterprise; provided, however this sentence will not be deemed to limit in any way the other circumstances in which Indemnitee may be deemed to have met the appropriate standard of conduct and provided further that this sentence shall
not excuse fraudulent or other knowing improper actions taken by Indemnitee. In addition, the knowledge and/or actions, or failure to act, of any other director, officer, agent or employee of such Enterprise will not be imputed to Indemnitee for
purposes of determining the right to indemnification under this Agreement. 
  

 8 

 6.5 No Presumption in Absence of a Determination or As Result of an Adverse
Determination; Presumption Regarding Success. Neither the failure of any person, persons or entity chosen to make a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief to make such
determination, nor an actual determination by such person, persons or entity that Indemnitee has not met such standard of conduct or did not have such belief, prior to or after the commencement of legal proceedings by Indemnitee to secure a judicial
determination that Indemnitee should be indemnified under this Agreement under Applicable Law, will be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any
particular belief. In addition, the termination of any Proceeding by settlement approved by the Management Board and Supervisory Board (whether with or without court approval) or upon a plea of nolo contendere, or its equivalent, will not create a
presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by this Agreement or Applicable Law. 

6.6 Timing of Determination. The Company will use its reasonable best efforts to cause any determination required to be made
pursuant to Section 6.2 to be made as promptly as practicable after Indemnitee has submitted a written request for indemnification pursuant to Section 6.1. 

6.7 Timing of Payments. All payments of Expenses, including any Expense Advance, and other amounts by the Company to the
Indemnitee pursuant to this Agreement will be made as soon as practicable after a written request or demand therefor by Indemnitee is presented to the Company, but in no event later than 30 days after (i) such demand is presented or
(ii) such later date as a determination of entitlement to indemnification is made in accordance with Section 6.6, if applicable; provided, however, that an Expense Advance will be made within the time provided in
Section 4.3 hereof. 
 6.8 Cooperation. Indemnitee will cooperate with the person, persons or entity making a
determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making such determination will be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification). 
 6.9 Time for
Submission of Request. Indemnitee will be required to submit any request for Indemnification pursuant to this Article 6 within a reasonable time, not to exceed two years, after any judgment, order, settlement, dismissal, arbitration
award, conviction, acceptance of a plea of nolo contendere (or its equivalent) or other full or partial final determination or disposition of the Proceeding (with the latest date of the occurrence of any such event to be considered the commencement
of the two year period). 
  

 9 

 ARTICLE 7 

LIABILITY INSURANCE 

7.1 Liability Insurance. The Company will obtain and maintain a policy or policies of Liability Insurance with one or more
reputable insurance companies providing Indemnitee with coverage in such amount as will be determined by the Supervisory Board for Losses and Expenses paid or incurred by Indemnitee as a result of acts or omissions of Indemnitee in his or her
Corporate Status, and to ensure the Company’s performance of its indemnification obligations under this Agreement, to the extent that a policy covering the indemnification obligations under this Agreement is reasonably attainaable;
provided, however, in all policies of director and officer liability insurance obtained by the Company, Indemnitee will be named as an Insured in such manner as to provide Indemnitee with the same rights and benefits as are afforded to
the other directors or officers, as applicable, of the Company under such policies. Any reductions to the amount of director and officer liability insurance coverage maintained by the Company as of the date hereof will be subject to the approval of
the Supervisory Board. 
 7.2 Notice to Insurers. If, at the time of receipt by the Company of a notice from any source
of a Proceeding as to which Indemnitee is a party or participant, the Company will give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies, the Company will provide Indemnitee with
a copy of such notice. The Company will thereafter take all necessary or desirable actions to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

 7.3 Cooperation with Company. The Indemnitee will cooperate in all ways with the Company and its counsel and, if
required by the Company, with the insurers issuing the Company’s Liability Insurance, to the extent the Company deems such cooperation reasonably necessary in connection with the tender, evaluation, investigation, and pursuant of insurance
coverage for any Proceeding. 
 ARTICLE 8 

REMEDIES OF INDEMNITEE 

8.1 Action by Indemnitee. In the event that (i) a determination is made pursuant to Article 6 of this Agreement
that Indemnitee is not entitled to indemnification under this Agreement, (ii) an Expense Advance is not timely made pursuant to Section 4.3 of this Agreement, (iii) no determination of entitlement to indemnification is made
within the applicable time periods specified in Section 6.6 or (iv) payment of indemnified amounts is not made within the applicable time periods specified in Section 6.7, Indemnitee will be entitled to seek an award in
arbitration to be conducted by a single arbitrator pursuant to the rules of the American Arbitration Association; such award to be made within 60 days following the filing of the demand for arbitration. The provisions of New York law (without regard
to its conflict of laws rules that would cause the application of the laws of another jurisdiction) will apply to any such arbitration. The Company will not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

  

 10 

 8.2 Company Bound by Favorable Determination by Reviewing Party. If a determination
is made that Indemnitee is entitled to indemnification pursuant to Article 6, the Company will be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Article 8, absent (i) a
misstatement by Indemnitee of a material fact or an omission of a material fact necessary to make Indemnitee’s statements in connection with the request for indemnification not materially misleading or (ii) a prohibition of such
indemnification under Applicable Law. 
 8.3 Company Bound by Provisions of this Agreement. The Company and Indemnitee
will each be precluded from asserting in any judicial or arbitration proceeding commenced pursuant to this Article 8 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and will stipulate in any
such judicial or arbitration proceeding that the Company is bound by all the provisions of this Agreement. 
 ARTICLE 9 

 NON-EXCLUSIVITY, SUBROGATION; NO DUPLICATIVE PAYMENTS; 

INDEMNITOR OF FIRST RESORT; MORE FAVORABLE TERMS 

9.1 Non-Exclusivity. The rights of indemnification and to receive Expense Advances as provided by this Agreement are not exclusive
of any other rights to which Indemnitee may at any time be entitled under Applicable Law, the Articles, any agreement, a vote of stockholders, a resolution of the directors or otherwise. To the extent Indemnitee otherwise would have any greater
right to indemnification or payment of any advancement of Expenses under any other provisions under Applicable Law, the Articles, any agreement, vote of stockholders, a resolution of directors or otherwise, Indemnitee will be entitled under this
Agreement to such greater right. No amendment, alteration or repeal of this Agreement or of any provision hereof limits or restricts any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee prior to
such amendment, alteration or repeal. To the extent that a change in Applicable Law, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Articles and this Agreement, it is the intent of
the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy will 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, will not prevent the concurrent
assertion or employment of any other right or remedy. 
 9.2 Subrogation. In the event of any payment by the Company
under this Agreement, the Company will be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee with respect thereto, including rights under any policy of insurance or other indemnity agreement or obligation, and
Indemnitee will execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights (it being understood that all of
Indemnitee’s reasonable Expenses related thereto will be borne by the Company). 
 9.3 No Duplicative Payments. The
Company will not be liable under this Agreement to make any payment of amounts otherwise indemnifiable (or any Expense for which 

 

 11 

 
advancement is provided) hereunder if and to the extent that Indemnitee is otherwise entitled to receive such payment under any insurance policy, contract, agreement or otherwise. The
Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee in respect of Proceedings relating to Indemnitee’s service at the request of the Company as a director, officer, employee, partner, member, manager, trustee,
fiduciary or agent of any other Enterprise will be reduced by any amount Indemnitee is actually entitled to receive as indemnification or advancement of Expenses from such other Enterprise. Subject to Section 4.1, the indemnity obligations of
this Agreement shall apply in excess of the Company’s Liability Insurance and to any other insurance or indemnities available to the Indemnitee. 

9.4 Indemnitor of First Resort. The Company hereby acknowledges that Indemnitee may have certain rights to indemnification,
advancement of expenses and/or insurance provided by one or more of the Fund Indemnitors. The Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its obligations to an Indemnitee under this Agreement, the Articles and
Applicable Law are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by such Indemnitee are secondary), (ii) that it shall be required to advance
the full amount of expenses incurred by an Indemnitee and shall be liable for the full amount of all losses, claims, damages, liabilities and expenses (including attorneys’ fees, judgments, fines, penalties and amounts paid in settlement) to
the extent legally permitted and as required by the terms of this Agreement (or any other agreement between the Company and an Indemnitee), without regard to any rights an Indemnitee may have against the Fund Indemnitors, and (iii) that it
irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims which it has or may have against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further
agrees that no advancement or payment by the Fund Indemnitors on behalf of an Indemnitee with respect to any claim for which such Indemnitee has sought indemnification from the Fund Indemnitors shall affect the foregoing and the Fund Indemnitors
shall be subrogated to the extent of such advancement or payment to all of the rights of recovery of such Indemnitee against the Company. The Company and each Indemnitee agree that the Fund Indemnitors are express third party beneficiaries of this
Section 9.4. 
 ARTICLE 10 

DEFENSE OF PROCEEDINGS 

10.1 Company Assuming the Defense. In the event the Company is obligated to pay in advance the Expenses of any Proceeding pursuant
to Article 4, the Company will be entitled, by written notice to Indemnitee, to assume the defense of such Proceeding, with counsel approved by Indemnitee, which approval will not be unreasonably withheld or delayed. The Company will
identify the counsel it proposes to employ in connection with such defense as part of the written notice sent to Indemnitee notifying Indemnitee of the Company’s election to assume such defense, and Indemnitee will be required, within ten days
following Indemnitee’s receipt of such notice, to inform the Company of its approval of such counsel or, if it has objections, the reasons therefor. If such objections cannot be resolved by the parties, the Company will identify alternative
counsel, which counsel will also be subject to approval by Indemnitee in accordance with the procedure described in the prior sentence. In the absence of an actual conflict of interest that would prevent defense counsel from representing both the
Indemnitee and other defendants in the Proceeding, the Indemnitee agrees that the Company may assign defense counsel to represent Indemnitee and other defendants in that Proceeding. 

 

 12 

 10.2 Right of Indemnitee to Employ Counsel. Following approval of counsel by
Indemnitee pursuant to Section 10.1 and retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees and expenses of counsel subsequently incurred by Indemnitee with respect to
the same Proceeding; provided, however, that (a) Indemnitee has the right to employ counsel in any such Proceeding at Indemnitee’s expense and (b) the Company will be required to pay the fees and expenses of
Indemnitee’s counsel if (i) the employment of counsel by Indemnitee is authorized by the Company, or (ii) an actual conflict of interest arises between the Company (or any other person or persons included in a joint defense) and
Indemnitee in the conduct of such defense or representation by such counsel retained by the Company and the Company has not appointed new counsel without such conflict of interest to represent the Indemnitee or (iii) the Company does not
continue to retain such counsel approved by the Indemnitee and the Company has not appointed new counsel to represent the Indemnitee in accordance with Section 10.1. 

ARTICLE 11 

SETTLEMENT 

11.1 Company Bound by Provisions of this Agreement. Notwithstanding anything in this Agreement to the contrary, the Company will
have no obligation to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s prior written consent, which consent shall not be unreasonably withheld. 

11.2 When Indemnitee’s Prior Consent Required. The Company will not, without the prior written consent of Indemnitee, consent
to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) contains any non-monetary remedy imposed on Indemnitee or a Loss for which Indemnitee is not wholly indemnified hereunder or (ii) with
respect to any Proceeding with respect to which Indemnitee is made a party or a participant or is otherwise entitled to seek indemnification hereunder, does not include, as an unconditional term thereof, the full release of Indemnitee from all
liability in respect of such Proceeding. Neither the Company nor Indemnitee will unreasonably withhold its consent to any proposed settlement; provided, however, Indemnitee may withhold consent to any settlement that does not provide a
full and unconditional release of Indemnitee from all liability in respect of such Proceeding. 
 ARTICLE 12 

DURATION OF AGREEMENT; PERIOD OF LIMITATIONS 

12.1 Duration of Agreement. This Agreement will continue until and terminate upon the latest of (a) the statute of
limitations applicable to any claim that could be asserted against an Indemnitee with respect to which Indemnitee may be entitled to indemnification and/or an Expense Advance under this Agreement, (b) ten years after the date that Indemnitee
has ceased to serve as a director or officer of the Company or as a director, officer, employee, partner, member, manager, fiduciary or agent of any other Enterprise which Indemnitee served at the request of the Company, or (c) if, at the later
of the dates referred to in (a) and (b) above, there is 
  

 13 

 
pending a Proceeding in respect of which Indemnitee is granted rights of indemnification or the right to an Expense Advance under this Agreement or a Proceeding commenced by Indemnitee pursuant
to Article 8 of this Agreement, one year after the final termination of such Proceeding, including any and all appeals. 

ARTICLE 13 

MISCELLANEOUS 

13.1 Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties in respect of the subject
matter hereof and supersedes all prior understandings, agreements or representations by or among the parties, written or oral, to the extent they relate in any way to the subject matter hereof; provided, however, it is agreed that the
provisions contained in this Agreement are a supplement to, and not a substitute for, any provisions regarding the same subject matter contained in the Articles and any employment or similar agreement between the parties. 

13.2 Assignment; Binding Effect; Third Party Beneficiaries. No party may assign either this Agreement or any of its rights,
interests or obligations hereunder without the prior written approval of the other party and any such assignment by a party without prior written approval of the other parties will be deemed invalid and not binding on such other parties. All of the
terms, agreements, covenants, representations, warranties and conditions of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties and their respective successors, permitted assigns, heirs, executors and
personal and legal representatives. Except for Fund Indemnitors as set forth in Section 9.5 of this Agreement, there are no third party beneficiaries having rights under or with respect to this Agreement. 

13.3 Notices. All notices, requests and other communications provided for or permitted to be given under this Agreement must be in
writing and be given by personal delivery, by certified or registered mail (postage prepaid, return receipt requested), by a nationally recognized overnight delivery service for next day delivery, or by facsimile transmission, as follows (or to such
other address as any party may give in a notice given in accordance with the provisions hereof): 
 If to the Company:

 LyondellBasell Industries N.V. 

Weena 737 

3013AM Rotterdam 

The Netherlands 

Attention: Frits Bos 

Facsimile: 011-31-10-713-62-59 
  

 14 

 with a copy to: 

LyondellBasell Industries 

1221 McKinney Street 

Houston, TX 77010 

Attention: Craig B. Glidden 

Facsimile: (713) 309-7312 
  

	
	 If to
                                        :

	
	
                        
                        

	 Attention:

	 Facsimile:

	
	 with a copy (which will not constitute notice) to:

	
	
                        
                        

	 Attention:

	 Facsimile:

All notices, requests or other communications will be effective and deemed given only as follows: (i) if given by personal delivery, upon such
personal delivery, (ii) if sent by certified or registered mail, on the fifth business day after being deposited in the United States mail, (iii) if sent for next day delivery by overnight delivery service, on the date of delivery as
confirmed by written confirmation of delivery, (iv) if sent by facsimile, upon the transmitter’s confirmation of receipt of such facsimile transmission, except that if such confirmation is received after 5:00 p.m. (in the recipient’s
time zone) on a business day, or is received on a day that is not a business day, then such notice, request or communication will not be deemed effective or given until the next succeeding business day. Notices, requests and other communications
sent in any other manner, including by electronic mail, will not be effective. 
 13.4 Specific Performance; Remedies.
Each party acknowledges and agrees that the other party would be damaged irreparably if any provision of this Agreement were not performed in accordance with its specific terms or were otherwise breached. Accordingly, the parties will be entitled to
an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce specifically this Agreement and its provisions in any action or proceeding instituted in any court having jurisdiction over the parties and the
matter, in addition to any other remedy to which they may be entitled, at law or in equity. Except as expressly provided herein, the rights, obligations and remedies created by this Agreement are cumulative and in addition to any other rights,
obligations or remedies otherwise available at law or in equity. Except as expressly provided herein, nothing herein will be considered an election of remedies. 

13.5 Submission to Jurisdiction. Any Proceeding seeking to enforce any provision of, or based on any matter arising out of or in
connection with, this Agreement may only be brought in the United States District Court for the Southern District of New York or any New York State court, in each case, located in the Borough of Manhattan, which will be the exclusive and only

  

 15 

 
proper forum for adjudicating such Proceeding, and each party consents to the exclusive jurisdiction and venue of such court (and of the appropriate appellate courts therefrom) in any such
Proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such Proceeding in any such court or that any such Proceeding brought in any such court has
been brought in an inconvenient forum. Process in any such action, suit or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. 

13.6 Headings. The article and section headings contained in this Agreement are inserted for convenience only and will not affect
in any way the meaning or interpretation of this Agreement. 
 13.7 Governing Law. This Agreement will be governed by and
construed in accordance with the laws of the State of New York, without giving effect to any choice of law principles. 

13.8 Amendment. This Agreement may not be amended or modified except by a writing signed by all of the parties. Notwithstanding
the foregoing, neither Section 9.5 nor the last sentence of Section 13.2 of this Agreement may be amended at any time. 

13.9 Extensions; Waivers. Any party may, for itself only, (i) extend the time for the performance of any of the obligations
of any other party under this Agreement, (ii) waive any inaccuracies in the representations and warranties of any other party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the
agreements or conditions for the benefit of such party contained herein. Any such extension or waiver will be valid only if set forth in a writing signed by the party to be bound thereby. No waiver by any party of any default, misrepresentation or
breach of warranty or covenant hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation or breach of warranty or covenant hereunder or affect in any way any rights arising because of any
prior or subsequent such occurrence. Neither the failure nor any delay on the part of any party to exercise any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy
preclude any other or further exercise of the same or of any other right or remedy. 
 13.10 Severability. The provisions
of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to any
party or to any circumstance, is judicially determined not to be enforceable in accordance with its terms, the parties agree that the court judicially making such determination may modify the provision in a manner consistent with its objectives such
that it is enforceable, and/or to delete specific words or phrases, and in its modified form, such provision will then be enforceable and will be enforced. 

13.11 Counterparts; Effectiveness. This Agreement may be executed in two or more counterparts, each of which will be deemed an
original but all of which together will constitute one and the same instrument. This Agreement will become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, which delivery may be made
by exchange of copies of the signature page by facsimile or other electronic transmission. 
  

 16 

 13.12 Construction. This Agreement has been freely and fairly negotiated among the
parties. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the
authorship of any provision of this Agreement. Any reference to any law will be deemed also to refer to such law as amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to
this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties intend that each representation, warranty, and covenant contained herein will have independent significance. If any party has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which the party has
not breached will not detract from or mitigate the fact that the party is in breach of the first representation, warranty, or covenant. Time is of the essence in the performance of this Agreement. 

[Signature page follows] 
  

 17 

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

			
	LYONDELLBASELL INDUSTRIES N.V.
		
	By:	 	  

		 	      Name:
		 	      Title:
	
	Indemnitee
	
	  

	Signature
	
	  

	Print Name

  

 18

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