Document:

Exhibit 10.1

 Exhibit 10.1 

 
 

 
 Exhibit 10.1 ADMINISTRATIVE AGREEMENT This Administrative Agreement
(“Agreement”), dated April 13, 2012, is made between Booz Allen Hamilton, Inc. (“Booz Allen”) and the United States Department of the Air Force (“Air Force”). PREAMBLE 1. Booz Allen is a public corporation
incorporated under the laws of the State of Delaware with its principal office located in McLean, Virginia. 2. On February 6, 2012, the Air Force proposed for debarment a San Antonio location of Booz Allen with the address 700 N. St.
Mary’s Street, Suite 700, San Antonio, TX 78205 (D&B No. 07-736-3906) and several current and former Booz Allen employees including: David Henderson (former employee), Steve Park, Paul Baca (former employee), and Gary Triche. In a
related matter, on September 30, 2011, the Air Force proposed to debar former Booz Allen employee Joselito Meneses, a retired Air Force Lieutenant Colonel. 3. The Air Force’s proposed debarment actions were based on the fact that
Mr. Meneses, on his first day of employment with the San Antonio office identified above, brought with him to work and disclosed to Booz Allen non-public, procurement sensitive information concerning an upcoming Air Force procurement that he
obtained during his Air Force service. Such information would afford Booz Allen a competitive advantage in competing for the follow-on contract. Rather than immediately inform Mr. Meneses that his disclosure was improper and notify Booz
Allen’s Law Department of the matter, Booz Allen personnel, including principals with supervisory authority, accepted such information and used it in subsequent internal business capture presentations regarding the Air Force procurement, and
thereafter, appointed Mr. Meneses to serve as one of three Capture Leads for the follow-on Air Force contract. The Law Department finally learned of the matter approximately six weeks later when a pricing analyst recognized the sensitive nature
of the information. However, upon learning of the matter, the Law Department narrowly focused its internal investigation on Mr. Meneses’ disclosure and, consequentially, overlooked other culpable parties, including principals, and evidence
of additional misconduct within the San Antonio office. As a result, at that time, Booz Allen did not uncover indications and signals of broader systemic ethical issues within the firm. Booz Allen recognized the seriousness of the matter by ordering
through the Law Department a document hold, voluntarily deciding that it would be inappropriate to participate in the follow-on competition, and, ultimately, terminating Mr. Meneses. However, Booz Allen determined that it was unnecessary to
disclose the matter to the Department of Defense Inspector General, or to the Department of the Air Force, Office of the General Counsel, Contractor Responsibility (SAF/GCR), the Air Force debarring authority. Instead, Booz Allen disclosed the
matter informally and without adequate Booz Allen Law Department oversight or engagement through a Booz Allen contracts director through a series of voice mails and e-mails to Air Force contracting personnel involved with the follow-on procurement.
These events caused the Air • Force to have serious concerns regarding the responsibility of Booz Allen, specifically, its San Antonio office, including its business integrity and honesty, compliance with government contracting requirements,
and the adequacy of its ethics program. The Memorandum In Support of the Proposed Debarments is attached hereto as Exhibit A. 

  
 

 
 4. Following the proposed debarment actions, Booz Allen responded to the Air
Force’s concerns, indicated that it took such concerns seriously, that it intended to fully investigate and report what it learned, and would do so expeditiously. Over the course of the next two months, Booz Allen demonstrated, through
extensive actions, that it takes the Air Force’s concerns seriously and is committed to demonstrating its present responsibility. Booz Allen represents that it has, among other things: a. Investigated fully and exhaustively the matter
underlying the proposed debarments and provided full and complete disclosure to the Air Force, including several written submissions, interview summaries, and contemporaneous documentary evidence. Booz Allen also responded to the Air Force’s
questions and requests for additional information. b. Discovered and disclosed to the Air Force other instances of improper conduct by personnel, including additional improper actions to capture the follow-on Air Force contract in question, as well
as improper actions concerning other government contract capture efforts at Booz Allen locations beyond San Antonio. Among other conduct, Booz Allen personnel have improperly obtained, handled, and used non-public information, including information
that may be characterized as source-selection information, bid or proposal information, and/or competitor proprietary information. Additionally, Booz Allen personnel, in some instances, were aware of their colleagues’ improper conduct and chose
not to report such improper conduct. Booz Allen represents that it has disclosed fully each of these instances to the Air Force and will continue to do so, including updating the Air Force with any new information discovered. c. Commissioned, on its
own initiative, a comprehensive and exhaustive independent evaluation of its ethics program. To date, Affiliated Monitors, Inc. (Affiliated Monitors), has been retained and provided the Air Force with its First Progress Report of the Ethics
Evaluation. The initial report suggests that while Booz Allen has a comprehensive ethics program and that its senior leadership may embrace such beliefs, Booz Allen’s ethics message may not be inculcated throughout the firm and specifically,
beyond its headquarters location. Affiliated Monitors will submit status reports to the Air Force while it continues its review and ultimately, will submit a Final Report, which will set forth its findings and recommendations for specific actions to
be taken by Booz Allen to improve its ethics program and ultimately to transform what it has in place so that core ethics values are inculcated within the totality of the firm and beyond the headquarters. d. Commissioned, on its own initiative,
Anton R. Valukas, Chairman of the law firm of Jenner & Block LLP, to conduct an external review of these matters, including, in collaboration with Wiley Rein LLP, an evaluation of the firm’s investigation of this matter initially and
the manner in which it notified the Government of its findings. The review will also include an assessment of the structure, training, and resources within the Booz Allen Law Department as they relate to conducting internal investigations, both
voluntary and mandatory disclosures to the Government, and communications with the Government. Mr. Valukas’ report containing his findings and recommendations for improvements will be provided to the Air Force. 

  
 

 
 5. Booz Allen has not contested the facts underlying the proposed debarments and has
accepted full responsibility for those events, as well as the additional incidents uncovered during its investigation. Booz Allen acknowledges that although it had in place measures to educate its employees on ethical and compliant conduct and the
restrictions on obtaining, handling, and using non-public information, those measures failed. Booz Allen further acknowledges that these events have revealed significant issues concerning the methods by which it captures business and human assets,
including former government personnel, and its handling, dissemination, and use of non-public information. Overall, Booz Allen acknowledges that the proposed debarment and its resulting investigation have revealed ethical deficiencies and
questionable business practices that may be systemic in nature. 6. Booz Allen is committed to fully investigating these matters, identifying the deficiencies in its culture and practices, and implementing measures that significantly mitigate against
their reoccurrence. Booz Allen is committed to being a responsible contractor. 7. Based on the representations and submissions Booz Allen has made to date and the extensive actions Booz Allen has undertaken and intends to take to address the Air
Force’s concerns, including those set forth below, the Air Force has determined that entering into this Agreement serves the best interests of the Government, and that, as a result of this Agreement, Booz Allen San Antonio office’s
continued ineligibility from new government contracting is no longer necessary to protect the Government’s interests and, thus, its proposed debarment will be terminated within one day following the execution of this Agreement. ARTICLES 8.
PERIOD. The period of this Agreement shall be three years from the date of execution of this Agreement by the Air Force, or, if the Air Force determines at any time during the three years that Booz Allen has ceased to be in full compliance with the
letter and spirit of this Agreement, for a period of three years following reestablishment of full compliance as determined by the Air Force. 9. EMPLOYEES. The word “employee(s)” in this Agreement includes all Booz Allen officers,
employees (permanent, temporary, contract employees, full-time, and part-time employees), consultants involved in any procurement-related activities, subsidiaries, and members of the Board of Directors. 10. SELF-GOVERNANCE PROGRAMS. Booz Allen had
implemented prior to this matter certain self-governance programs to ensure that Booz Allen and each of its employees maintains the business honesty and integrity required of a Government contractor and that Booz Allen operates in strict compliance
with all applicable laws, regulations, and the terms of any contract. Booz Allen recognizes that its self-governance programs failed. Accordingly, Booz Allen agrees that it shall review its program to identify the cause for such failures, as well as
any other weaknesses, and enhance the components of these programs to significantly mitigate against reoccurrence of such issues, and continue to maintain the components of these programs for the term of this Agreement. Booz Allen represents that
its self-governance programs include the following components: -3- 

  
 

 
 a. MANAGEMENT RESPONSIBILITY. Booz Allen has established an Ethics and Compliance
Committee that is responsible for the implementation and oversight of Booz Allen’s ethics and compliance program, including compliance with policies, standards and procedures regarding the Procurement Integrity Act and competitive intelligence
gathering, including its acquisition of human assets from the Government and competitors. The Ethics and Compliance Committee is comprised of senior officers of Booz Allen and reports to the Audit Committee of the Board of Directors, to which it has
authority to report matters directly, and the Booz Allen Leadership Team. The Associate General Counsel and Manager of Corporate Ethics and Compliance serves as the primary attorney responsible for leading the development and implementation of Booz
Allen’s ethics and compliance program. b. CONTROLS, POLICIES AND PROCEDURES. Booz Allen has existing policies and controls related to the hiring of former government employees and reporting misconduct to the Government. Booz Allen shall enhance
its policies and practices with respect to checking the references and background of potential new employees. Booz Allen will also require all employees, including newly-hired employees, to certify affirmatively that they do not possess non-public
or proprietary materials from a past employer and further that they have not brought, nor intend to bring, non-public or proprietary materials to Booz Allen from their former employment or elsewhere. Booz Allen shall also require its cognizant
hiring manager to certify that he or she has reviewed the policy with the new hire. c. CODE OF BUSINESS ETHICS AND CONDUCT. Booz Allen has implemented a Code of Business Ethics and Conduct (“Code”). Booz Allen requires each new employee to
certify that he or she will comply with its principles and standards. Booz Allen also provides annual training, in the form of a test, on the Code. Booz Allen also shall develop additional procedures for employees involved in business development
efforts that will include requiring the source of pricing information used in the proposal to be documented in the capture and proposal files and certified by the Capture Manager. d. EDUCATION AND TRAINING PROGRAM. Booz Allen has implemented
mandatory training on the principles and standards of the Code. Booz Allen also has established training on competing for work. Booz Allen shall enhance its training for all employees regarding the handling and/or use of non-public information,
including source selection, bid or proposal information, and proprietary information from prior employers. Booz Allen further shall enhance its new employee and firm-wide training regarding the importance and responsibility of all employees to
report perceived misconduct promptly to the correct contact point within Booz Allen. e. DISCIPLINE. Booz Allen has established levels of discipline for violation of its policies and the Code and follows standard procedures for determining whether to
impose discipline and the level of discipline to impose, if appropriate. Booz Allen shall constitute a standing committee composed of senior business leaders and functional experts, which will determine disciplinary action, and make any necessary
improvements in its disciplinary policy and procedures. -4- 

  
 

 
 f. EXTERNAL REVIEW OF INVESTIGATIVE CAPABILITIES. Currently, Booz Allen’s Law
Department, along with its Human Resources Department and other elements of the firm, conducts internal investigations related to compliance with the Code, ethical lapses, and government contract requirements. This matter has revealed deficiencies
in this structure. Accordingly, Booz Allen has retained Anton R. Valukas, Chairman of the law firm of Jenner & Block LLP, to conduct an external review of these matters, including, in collaboration with Wiley Rein LLP, an evaluation of the
firm’s investigation of this matter initially and the manner in which it notified the Government of its findings. The review also will include an assessment of the structure, training, and resources within the Booz Allen Law Department as they
relate to conducting internal investigations and communicating with the Government, including making mandatory and voluntary disclosures. i. Booz Allen has submitted to the Air Force the description of review that Jenner & Block proposed to
undertake; ii. No later than June 30, 2012, Jenner & Block shall submit a report to Booz Allen and simultaneously to the Air Force regarding its findings and recommendations with respect to internal investigations conducted under the
auspices of the Law Department; iii. Within 30 days of receipt of the report, Booz Allen will report to the Air Force the recommendations it agrees to implement and those that it does not believe are appropriate to implement, including an
explanation. 1f, after reasonable discussions with Booz Allen, the Air Force disagrees with the reasoning underlying Booz Allen’s rejection of a recommendation and determines that the recommendation is appropriate and should be implemented,
Booz Allen shall implement the recommendation in question; iv. Booz Allen’s reports to the Air Force pursuant to paragraph 10(h) will include information regarding Booz Allen’s implementation of the recommendations; and v. Booz Allen has
also retained Wiley Rein LLP to assist it with developing a protocol for making voluntary disclosures to the U.S. government. Booz Allen will provide this protocol to Jenner & Block for its review and comment. After obtaining comments, if
any, from Jenner & Block, Booz Allen will provide the protocol, along with such comments, to the Air Force for its review and comment, which, after an opportunity for reasonable discussions with the Air Force, Booz Allen shall incorporate
into the protocol and adopt. g. EXTERNAL REVIEW OF ETHICS AND COMPLIANCE PROGRAM. Booz Allen has retained Affiliated Monitors to conduct a review of Booz Allen’s ethics and compliance program: -5- 

 

 
 i. Booz Allen has submitted to the Air Force the statement of work or other description
of review that Affiliated Monitors proposes to undertake; ii. In addition to its First Progress Report dated March 27, 2012, Booz Allen will direct Affiliated Monitors to provide monthly progress reports to the Air Force and Booz Allen until
completion of its final report regarding its findings and recommendations; iii. Booz Allen will direct Affiliated Monitors to submit a final report to the Air Force and Booz Allen no later than June 30, 2012; iv. Within 30 days of receipt of
Affiliated Monitors’ report, Booz Allen will report to the Air Force the recommendations it agrees to implement and those that it declines to implement. Booz Allen shall explain the basis for its rejection of any recommendation. If the Air
Force disagrees with the reasoning underlying Booz Allen’s rejection of a recommendation and determines, after reasonable discussions with Booz Allen, that the recommendation is appropriate and should be implemented, Booz Allen shall implement
the recommendation in question; and v. Booz Allen’s reports to the Air Force pursuant to paragraph 10(h) will include information regarding Booz Allen’s implementation of the recommendations. h. REPORTS. Commencing in June 2012, and
quarterly thereafter, Booz Allen will report to the Air Force regarding its implementation of the remedial measures identified herein. The reports shall include information about the status of all internal and Government investigations concerning
procurement-related matters and all allegations of business ethics or integrity-related misconduct that are pending, resolved, or initiated subsequent to Booz Allen’s previous report. 11. REPORTING MISCONDUCT. Booz Allen will copy the Air Force
on all mandatory disclosures to an agency Office of Inspector General or Contracting Officer required by FAR 52.203-13, voluntary disclosures to an agency Office of Inspector General or Contracting Officer, and any other disclosures to a Government
official concerning procurement-related matters or business ethics or integrity-related misconduct. Any such disclosure shall specifically reference that the Air Force is being copied on the disclosure pursuant to Paragraph 11 of this Administrative
Agreement. Additionally, Booz Allen will report to the Air Force within 15 days of a determination by management that there are reasonable grounds to believe that the suspected misconduct of an employee may constitute a violation of U.S. criminal or
civil law or a material violation of Booz Allen’s ethics and compliance program concerning procurement-related matters or business ethics or integrity-related misconduct. Booz Allen shall investigate all allegations of such misconduct that come
to its attention, shall provide reports to the Air Force of the outcome of such investigation, and shall identify any potential or actual impact on a U.S. Government contract. Booz Allen shall cooperate with any requests by the Air Force concerning
the above-referenced disclosures or reports, including providing additional information requested by the Air Force. Nothing in this Agreement shall be construed as requiring Booz Allen to provide attorney-client privileged material to the Air Force
or to otherwise require Booz Allen to -6- 

  
 

 
 waive the attorney-client or work product privileges in complying with the reporting
requirement. 12. LEGAL PROCEEDINGS. Booz Allen represents to the Air Force that, to the best of its knowledge, it has previously disclosed to the Air Force in a written submission dated April 13, 2012 any matters in which Booz Allen is
currently under criminal or civil investigation by any Governmental entity. Booz Allen shall notify the Air Force within five working days of the time when it learns of any of the following actions concerning procurement-related matters or business
ethics or integrity-related misconduct: (a) the initiation of any criminal or civil investigation by any federal, state, or local government entity of any offense relating to Booz Allen’s business integrity; (b) service of subpoenas
by any such governmental entity, if Booz Allen has reason to believe that it is a subject or target of the investigation; (c) service of search warrants and/or searches carried out in any Booz Allen office; (d) initiation of legal action
against Booz Allen, or any of its affiliates, employees, or agents by any entity alleging any offense relating to Booz Allen’s business integrity; or (e) criminal charges brought by any governmental entity against Booz Allen or any of its
affiliates, employees, or agents. Booz Allen shall provide to the Air Force as much information as the Air Force believes is necessary to allow the Air Force to determine the impact of the investigative or legal activity upon the present
responsibility of Booz Allen for Government contracting. 13. MEETING. During the first year of this Agreement, a senior officer of Booz Allen shall meet with the Air Force quarterly to discuss the status of the implementation of this Agreement and
its self governance programs and, thereafter, semi-annually. 14. NOTIFICATION OF ALL EMPLOYEES. Within 30 days of the effective date of this Agreement, Booz Allen will notify all Booz Allen employees of the fact and substance of this Agreement, the
nature of the conduct leading to this Agreement, including the description of events set forth in Paragraph 3 of the Preamble, and the importance of each employee’s abiding by the terms of this Agreement, all requirements of law, regulations,
Booz Allen policies and procedures, and U.S. government contracts held by Booz Allen. Booz Allen shall provide a copy of this notice to the Air Force within 30 days of the execution of this Agreement. 15. NOTIFICATION OF SUPPLIERS AND
SUBCONTRACTORS. Within 30 days of the effective date of this Agreement, Booz Allen will send a letter to all significant suppliers, subcontractors, or prime contractors with whom it contracts emphasizing Booz Allen’s commitment to ethics and
compliance and asking suppliers/subcontractors to report to Booz Allen’s Manager of Ethics and Compliance any unethical, improper, or illegal activity relating to Booz Allen. Booz Allen shall provide the Air Force with copies of such
correspondence within 30 days of the execution of this Agreement. 16. EMPLOYMENT OF SUSPENDED OR DEBARRED INDIVIDUALS. Booz Allen will verify the status of all current employees and all potential employees or consultants by reviewing the General
Services Administration-maintained (GSA) Excluded Parties List System (EPLS). Booz Allen also shall require all employees to notify it of any change in their status. If Booz Allen subsequently discovers that an employee or consultant has been
proposed for debarment or suspended, Booz Allen will not be required to terminate the employee, but Booz Allen will remove such employee from responsibility for or involvement with Booz Allen’s -7- 

 

 
 Government contracts until the resolution of such suspension or proposed debarment. In
addition, if any employee of Booz Allen is charged with a criminal offense relating to its business or otherwise relating to honesty and integrity, Booz Allen will remove that employee immediately from responsibility for or involvement with Booz
Allen’s business affairs. If the employee is convicted or debarred, Booz Allen will terminate the employee. Booz Allen shall notify the Air Force of each such personnel action taken, and the reasons therefore, within 15 days of the action. 17.
BUSINESS RELATIONSHIPS WITH SUSPENDED OR DEBARRED ENTITIES. Booz Allen’s policy is to verify that a contemplated subcontractor is not on the EPLS or otherwise restricted from accepting a subcontract. Booz Allen shall not knowingly form a
contract with, purchase from, or enter into a business relationship with any individual, business entity or business entity controlled by an individual that is listed by a Federal agency as debaned, suspended, or otherwise ineligible for Federal
programs. In order to carry out this commitment, Booz Allen shall undertake reasonable inquiry into the status of any potential business partner, which shall include, at a minimum, review of EPLS. 18. PREFERRED SUPPLIER PROGRAM. Booz Allen shall
institute a Preferred Supplier Program within 120 days of the effective date of this Agreement. The Program shall be designed so as to reward, in some manner, entities that have instituted compliance and values- based ethics programs. 19. PROPOSED
CHANGES. Booz Allen shall notify the Air Force of any proposed material changes to the policies implemented in furtherance of the enhancements to Booz Allen’s ethics and compliance program described in paragraph 10 and its compliance with this
Agreement. The Air Force retains the right to verify, approve, or disapprove such changes. No such changes will be implemented during the period of this Agreement without prior written approval of the Air Force. 20. ACCESS TO RECORDS AND
INFORMATION. The Air Force or its duly authorized representative may examine Booz Allen’s books, records, and other company supporting materials for the purpose of verifying and evaluating Booz Allen’s (a) compliance with this
Agreement; (b) business conduct in its dealings with the U.S. government; (c) compliance with Federal laws, regulations, and procurement policies with respect to Booz Allen’s U.S. government contracts or subcontracts under U.S.
govermnent contracts; and (d) compliance with the requirements of U.S. government contracts or subcontracts under U.S. government contracts. Further, for purposes of this provision, the Air Force or its duly authorized representative may
interview any employee at the employee’s place of business during normal business hours or at such other place and time as may be mutually agreed between the employee and the Air Force or its duly authorized representative. Employees may be
interviewed without a representative of Booz Allen being present. The employee may be represented personally by his or her own counsel if requested by the employee. 21. COSTS OF REVIEW. Booz Allen has paid to the Department of the Air Force $65,000
to cover the Air Force’s costs of reviewing this matter and administering this Agreement. -8- 

 

 
 22. UNALLOWABLE COSTS. a. Booz Allen agrees that all costs related to legal and other
proceedings as defined in FAR 31.205-47 incurred by or on behalf of Booz Allen in connection with this proceeding shall be expressly unallowable for U.S. government contract accounting purposes. Unallowable costs include, but are not limited to,
costs arising from, related to, or in connection with (a) the matters at issue here; (b) any investigation regarding the matters at issue here; and (c) the Air Force’s review of Booz Allen’s present responsibility, including
the costs of Booz Allen’s submissions, presentations, reviews by outside consultants and law firms, and appearances before the Office of the Air Force Deputy General Counsel for Contractor Responsibility both in the past and throughout the term
of this Agreement. The costs of administering the terms of this Agreement and any fines or penalties levied or to be levied in or arising out of the matter at issue here are agreed to be expressly unallowable. Past, present, and future costs of
maintaining, operating and improving Booz Allen’s self-governance/compliance/ethics programs are allowable costs for purposes of this Agreement. b. Booz Allen agrees to treat as unallowable costs the full salary and benefits of any officer,
employee, or consultant terminated from Booz Allen’s employ or removed from government contracting as a result of the wrongdoing at issue here and the cost of any severance payments or early retirement incentive payments paid to employees
released from the company as a result of the wrongdoing at issue here. For purposes of the preceding sentence, the salary and benefits costs shall include all such costs from the first instance of participation of each individual in the matters at
issue here, as determined by the Air Force. c. Booz Allen recognizes that in order to comply with the terms of this paragraph, certain costs may need to be reclassified. Booz Allen shall proceed immediately to identify and reclassify such costs and,
within 90 days of the effective date of this Agreement, Booz Allen shall adjust any bid rate, billing rate, or unsettled final indirect cost rate pools to eliminate any costs made unallowable by this Agreement, and shall advise the Air Force, the
cognizant administrative contracting officer, and the cognizant Government auditor of the amount and nature of the reclassified costs within 120 days of the date of this Agreement. For any such Booz Allen Fiscal Year (FY) 2012 (year ending
March 31, 2012) costs requiring reclassification, Booz Allen will make credits/adjustments to appropriate Booz Allen FY 2013 rates, pools and allowable costs in a manner that ensures the Government receives the full benefit of the
reclassification. The Air Force or a designated representative shall have the right to audit Booz Allen’s books and records to verify compliance with this paragraph. Such audit rights shall be in addition to any audit rights the Government may
have under the terms of any contract with Booz Allen. 23. ADVERSE ACTIONS. Booz Allen avers that adverse actions taken or to be taken by Booz Allen against any employee or other individual associated with Booz Allen arising out of or relating to the
wrongdoing at issue here were solely the result of Booz Allen’s initiatives and decisions and were not the result of any action by, or on behalf of, agents or employees of the United States. -9- 

  
 

 
 24. NO SUSPENSION OR DEBARMENT. Provided the terms and conditions of this Agreement are
fulfilled, the Air Force will not suspend or debar Booz Allen based upon the facts and circumstances described in the Preamble; however, this does not restrict the Air Force or any other agency of the Government from instituting administrative
actions, including without limitation, suspension or debarment, should other information come to the attention of the Air Force or such other agency, or additional information concerning the facts at issue here are discovered by the Government,
which facts were not disclosed by Booz Allen. 25. PRESENT RESPONSIBILITY. Booz Allen’s compliance with the terms and conditions of this Agreement shall constitute an element of Booz Allen’s present responsibility for government
contracting. Booz Allen’s failure to meet any of its obligations pursuant to the terms and conditions of this Agreement shall constitute a separate cause for suspension or debarment. By entering into this Agreement, the Air Force is not
determining that Booz Allen is presently responsible for any specific government contract. 26. SALE OF BUSINESSES. In the event Booz Allen sells or in any way transfers ownership of any part of its business that represents five percent or more of
its revenue for the previous fiscal year, Booz Allen shall notify the Air Force in advance and shall require the acquiring entity as a condition of the sale to remain bound by the terms of this Agreement for the duration of this Agreement,
including, but not limited to, all reporting requirements. 27. PURCHASE OF BUSINESSES. In the event Booz Allen purchases or establishes any new business unit after the effective date of this Agreement, it shall implement all provisions of this
Agreement with respect to such business unit within 60 days following such purchase or establishment. 28. WAIVER. Booz Allen hereby waives all claims, demands, or requests for monies from the Government, of any kind or whatever nature, arising from
or related to, or in connection with, any investigation, or as a result of administrative or judicial proceedings, or request for any other relief in law or in equity, or in any other forum be it judicial or administrative in nature arising out of
or relating to the facts described in the Preamble of this Agreement. 29. RELEASE. Booz Allen hereby releases the United States, its instrumentalities, agents and employees in their official and personal capacities, of any and all liability or
claims arising out of or related to the investigation, the notice of proposed debarment, or the proceedings leading to this Agreement. 30. AIR FORCE RELIANCE. Booz Allen represents that all written materials and other information supplied to the Air
Force by its authorized representative(s) during the course of discussions with the Air Force preceding this Agreement are true and accurate, to the best information and belief of Booz Allen. Further, Booz Allen understands that this Agreement is
executed on behalf of the Air Force in reliance upon the truth, accuracy, and completeness of all such representations. 31. PARAGRAPH HEADINGS. The paragraph headings in this Agreement are inserted for reference only and shall not affect the meaning
or interpretation of this Agreement. -10- 

 

 
 32. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of
which shall be an original, but all of which taken together shall constitute one agreement. 33. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether
oral or written, relating to the subject matter herein. This Agreement shall be binding and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. 34. RESTRICTION ON USE. Booz Allen shall not
use any term of this Agreement or the fact of or existence of this Agreement for any purpose related to the defense, litigation, or mitigation of any criminal, civil, or administrative investigation or proceeding. 35. BANKRUPTCY. Bankruptcy
proceedings shall not affect the enforcement of this Agreement in the interests of the Government. 36. AUTHORIZED REPRESENTATIVE. Booz Allen’s Executive Vice President and General Counsel is fully authorized to execute this Agreement and
represents that he has the authority to bind Booz Allen. 37. SEVERABILITY. In the event that any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect other provisions of this Agreement. 38. DELIVERABLES. All deliverables under the terms of this Agreement are set forth in Exhibit B. 39. NOTICES. Any notices under this agreement shall be
in writing and shall be e-mailed and delivered or mailed by registered or certified mail, postage prepaid, as follows: If to the Air Force: Director, Suspension & Debarment Operations and Associate General Counsel Department of the Air
Force Attn: ToddJ.Canni Office of the General Counsel 1235 South Clark Street, Suite 301 Arlington, VA 22202-3258 E-mail: Todd.Cannipentagon. af.mil If to Booz Allen Hamilton: Office of the General Counsel Attn: Robert S. Osborne EVP &
General Counsel 8283 Greensboro Drive McLean, Virginia 22102 E-mail: Osborne_bob@bah.com 40. PUBLIC DOCUMENT. This Agreement, including all attachments, deliverables, and reports submitted pursuant thereto, as well as all submissions, including
attachments, leading up —11— 

 

 
 to this Agreement, are public documents and may be distributed by the Air Force
throughout the Government and to other interested persons upon request, subject to prior consultation and reasonable discussion with Booz Allen concerning the protection of Privacy Act information and other information that is proprietary to Booz
Allen. 41. MODIFICATION. This Agreement may be amended or modified only by a written document signed by all the parties. DEPARTMENT OF AIR FORCE
BY:            DATE:            Steven A. Shaw Deputy General Counsel (Contractor Responsibility) BOOZ ALLEN HAMIL ON, INC.
BY:            DATE: /i /z Robert S. Osborne Executive Vice President and General Counsel 

 

 
 EXHIBIT A 

 

 
 DEPARTMENT OF THE AIR FORCE ARLINGTON, VA 22202-3268 FEB 062012 Office Of The Deputy
General Counsel MEMORANDUM IN SUPPORT OF THE PROPOSED DEBARMENTS OF: BOOZ ALLEN HAMILTON INC., Only the San Antonio branch located at 700 N. Saint Marys Street, Suite 700, San Antonio, Texas 78205 (D&B No. 07-736-3906) DAVID HENIJERSON
STEVE PARK PAUL BACA a/k/a PABLO BACA GARY TRICHE Effective this date, the Air Force has proposed the debarment of Booz Allen Hamilton Inc., located at 700 N. Saint Marys Street, Suite 700, San Antonio, Texas 78205, D&B No. 07-736- 3906
(hereinafter BAH San Antonio), David Henderson (Mr. Henderson), Steve Park (Mr. Park), Paul Baca a/k/a Pablo Baca (Mr. Baca), and Gary Triche (Mr. Triche) (individuals are collectively referred to as Subjects) from Government contracting and from
directly or indirectly receiving the benefits of federal assistance programs. This action is initiated pursuant to Federal Acquisition Regulation (FAR) Subpart 9.4. iNFORMATION IN THE RECORD Information in the record establishes by a preponderance
of the evidence that at all times relevant hereto: Background 1. BAlI San Antonio is a government contractor located in San Antonio, Texas and is a branch office of Booz Allen Hamilton Inc. (BAlI), which is headquartered in McLean, Virginia. 2. Booz
Allen Hamilton Holding Coipo.ration is the parent company of each branch office and the headquarters office, 3. On April 4, 2011, BAH San Antonio hired Mr. Joselito Meneses (Mr. Meneses) as a Senior Associate, where he was responsible for
business development in the regional military and civilian health markets and was in charge of all Air Force medical accounts. 4. Mr. Meneses formerly served in the Air Force as a Lieutenant Colonel, and from July 2006 until his retirement in
May 2008, Mi. Meneses held the position of Deputy Chief, Information Technology Division, Office of the Surgeon General, Air Force Medical Support Agency, at Brooks Air Force Base, Texas.—Freedom Through Air Power 

 

 
 2 5. As Deputy chief; the Air Force entrusted Mr. Meneses with non-public
information, including information that could be categorized as source selection information and/or bid or proposal information, 6, Upon retiring from the Air Force, Mr. Meneses retained non-public information obtained during his Air Force
service. 7. From April 4, 2011, to April 8, 2011, Mv. Meneses attended orientation training at BAR’s heaquarters in Mclean, VA, where he was trained on several topics, including the company-wide ethics program. 8. On April 11,
2011, Mr. Meneses attended orientation at BAR San Antonio, the branch where he was hired to work and was introduced to Mr. Henderson, Mr. Park, Mr. Baca, and Mr. Triche. 9. Mr. Henderson was Mr. Meneses’
career manager, supervisor, and a Principal at BAR San Antonio. 10. Mr. Park was Mr. Meneses’ work manager and a Principal at BAH San Antonio,. 11. Mr. Baca and Mr. Triche are Lead Associates at BAlI San Antonio, Improper
Conduct 12, On April 12, 2011, on his first day of work at BAR San Antonio, Mr. Meneses brought with him an external harddrive, which contained non-public information he obtained during his Air Force employment. 13. At 9:28 a,m., just
shortly after arriving to work, Mr. Meneses sent Subj eels an e-mail entitled “MSIM: FA7O 1 4-06-D-00 17 — ITEM.pdf’ and stated, “FYI Here’s the complete rnvard info on MSIM. . .” (Emphasis added). 14.
Specifically, Mr. Meneses disclosed a copy of Air Force contract No. FA7014-06-D-0017, which he obtained during his Air Force service and which was awarded by the Air Force to company K1 on August 25, 2006, to provide Information
Technology Modernization Services (ITM Services contract) with a total ceiling amount of $75 million. 15, The ITM Services Contract contained non-public information, including Contract Line Item Number (CLIN) pricing data, the labor mix to perform
the ITM Services, and the associated labor rates by labor category. 16. Such non-public information is considered contractor or proposal information and source selection information; information prohibited from disclosure under the restrictions
implementing the Procurement Integrity Act. 1 Company K refers to a company that is not a party to this action. 

 

 
 3 17. At the time of the improper disclosure, BAR San Antonio was planning to compete
for the ITM Services follow-on contract and, thus, such non-public information provided by Mr. Meneses would provide BAH San Antonio with an unfair competitive advantage. 18. Upon receipt of Mr. Meneses’ correspondence, none of the
Subjects instructed or infotmed Mr. Meneses that his disclosure was improper. 19. Mr. Henderson, approximately 11 minutes later, forwarded Mr. Meneses’ e-mail to four other individuals, and responded, “Thanks for sharing. I
did a quick look., believe this tracks With the baseline pricing info we have on NCI.” 20. Mr. Henderson also sent Mr. Meneses an e-mail entitled “Latest MSIM Deck,” which attached slides entitled “AFMSA MSIM Capture
Update” containing “Incumbent’s As Is Pricing,” which purported to set forth the incumbent’s labor categories, labor rates, FTE hours, and annual costs, 21. Mr. Henderson ultimately assigned Mr. Meneses to be a
member of BAH San Antonio “Capture / Proposal Team” as a Capture Lead. 22. Subjects failed to report this improper disclosure and continued to involve Mr. Meneses in BAH San Antonio’s efforts to compete for the follow-on
contract. 23. At some point between April 12 and April 27, one of the employees working in the company’s pricing department, who received Mr. Henderson’s e-mail forward, recognized the sensitive nature of the document
disclosed by Mr. Meneses and reported the incident to the BAR headquarters’ law department. 24, On May 27, 2011, approximately six weeks after Mr. Meneses’ improper disclosure, BAH’s law department issued a document
hold and retention order to the employees involved. 25. On June 28, 2011, Mr. Meneses’ was told that his employment was terminated, effective July 12,2011. 26. BAH San Antonio decided not to participate in the follow-on ITM
Services Contract competition. 27. On September 30, 2011, the Air Force proposed for debannent Mr. Meneses. 28. The conduct described above raises serious concerns regarding Subjects’ business integrity, business honesty, and
compliance with government contracting requirements, and the adequacy of BAH San Antonio’s ethics and compliance program, including the training provided to its personnel. 

  
 

 
 4 BASES FOR THE PROPOSED DBBARMBNTS 1. The improper conduct of Subjects is of so
serious or compelling a nature that it affects their present responsibility to be Government contractors or subcontractors and provides a separate independent basis for their debarments pursuant to FAR 9.406-2(c). 2. Pursuant to FAR 9.406-5(a), the
seriously improper conduct of Subjects is imputed to BAH San Antonio because their improper conduct occurred in connection with the peiforinance of their duties for or on behalf of BAR San Antonio, or with the knowledge, approval, or acquiescence of
BAH San Antonio. The imputation of Subjects’ conduct to BAR San Antonio provides a separate independent basis for the debarment of BAR San Antonio. 3. Pursuant to FAR 9.406-1(b), debarments may be extended to the affiliates of a contractor.
Mr. Henderson, Mr. Park, and BAR San Antonio are affiliates, as defined at FAR 9.403 (Affiliates), because dfrectly or indirectly, each one has the power to control the other or a third party has the power to control each of them. The
affiliation of Mr. Henderson, Mr. Park, and BAR San Antonio provides a separate independent basis for the debarment of BAH San Antonio. STEVEN A. SIIAW Deputy General Counsel (Contractor Responsibiity 

  
 

 
 Exhibit B List of Deliverables 2. Booz Allen report on the recommendations it agrees to
implement from the Jenner & Block report Within 30 days of receipt of the report 10.f.iii 3. Affiliated Monitors monthly progress reports Monthly 1 0.g.ii 4. Affiliated Monitors final report regarding its review of Booz Allen’s ethics
and compliance program No later than June 30, 2012 l0.g.iii 5. Booz Allen report on the recommendations it agrees to implement from the Affiliated Monitors report Within 30 days of receipt of the report 10.g.iv 6. Booz Allen report regarding
its implementation of the remedial measures identified in the Agreement and the status of internal and Government investigations June 2012 and quarterly thereafter for three years l0.h 7. Booz Allen reports of any determinations by management that
there are reasonable grounds to believe that the suspected misconduct of an employee may constitute a violation of U.S. criminal or civil law or a material violation of Booz Allen’s ethics and compliance program concerning procurement-related
matters or business ethics or integrity-related misconduct Within 15 days of a such determination by Booz Allen management 11 8. Booz Allen reports of certain actions concerning procurement-related, F CPA, or export control matters, or any other
allegation concerning procurement-related matters or business ethics or integrity-related misconduct Within five working days of learning of such an action 12 9. Booz Allen meeting with the Air Force to discuss the status of the implementation of
the Agreement and its self governance Quarterly during the first year and, thereafter, semi annually 13 programs 1. Jenner & Block report regarding its No later than 10.f.ii findings and recommendations with respect June 30, 2012 to
internal investigations conducted by the Booz Allen Law Department 

 

 
 10. Booz Allen notification of Agreement to all Booz Allen employees Within 30 days of
execution of the Agreement 14 11. Booz Allen notification of Agreement to all significant suppliers, subcontractors or prime contractors Within 30 days of execution of the Agreement 15 12. Booz Allen reports regarding personnel actions relating to
employees that are suspended, proposed for debarment, charged with criminal offenses relating to its business or honesty and integrity, convicted or debarred Within 15 days of the action 16 13. Booz Allen notifications regarding any proposed
material changes to the Booz Allen Ethics and Compliance Program Prior to making any such changes 19 14. Booz Allen shall notify the Air Force, the cognizant administrative contracting officer, and the cognizant Government auditor of the amount and
nature of reclassified costs pursuant to paragraph 22 Within 120 days of execution of the Agreement 22.c 15. Booz Allen notifications of the sale or transfer of ownership of any part of its business that represents five percent or more of its
revenue for the previous fiscal year In advance of the sale or transfer 26FORM OF INDEMNIFICATION AGREEMENT

 Exhibit 10.11 
 FORM OF 
 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement, dated as of             , 2012 (this
“Agreement”), is entered into by and between Tumi Holdings, Inc., a Delaware corporation (the “Company”), and
                     (the “Indemnitee”). 
 WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, the Indemnitee is a director and/or officer of the Company; 
 WHEREAS,
the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies; 
 WHEREAS, the Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Incorporation”) requires the Company to indemnify and advance expenses to its directors
and officers to the fullest extent permitted by law and the Indemnitee has been serving and continues to serve as a director or officer of the Company in part in reliance on such provisions in the Certificate of Incorporation; 

WHEREAS, the board of directors of the Company (“Board of Directors”) has determined that enhancing the ability of the
Company to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company therefore should seek to assure such persons that indemnification and insurance coverage will be available
in the future; and 
 WHEREAS, in recognition of the Indemnitee’s need for substantial protection against personal
liability in order to enhance the Indemnitee’s continued service to the Company in an effective manner and the Indemnitee’s reliance on the aforesaid Certificate of Incorporation, and in part to provide Indemnitee with specific contractual
assurance that the protection promised by the Certificate of Incorporation will be available to the Indemnitee (regardless of, among other things, any amendment to or revocation of such Certificate of Incorporation or any change in the composition
of the Board of Directors or acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to the Indemnitee to the fullest extent (whether partial or
complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of the Indemnitee under the Company’s directors’ and officers’ liability insurance policies.

 NOW, THEREFORE, in consideration of the premises and of the Indemnitee continuing to serve
the Company directly or, at its request, as an officer, director, manager, member, partner, tax matters partner, fiduciary or trustee of, or in any other capacity with, another Person (as defined below) or any employee benefit plan, and intending to
be legally bound hereby, the parties hereto agree as follows: 
 1. Certain Definitions: In addition to terms defined
elsewhere herein, the following terms have the following meanings when used in this Agreement: 
 “Change in
Control” shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s then outstanding Voting Securities, or (ii) during
any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors and any new director whose election by the Board of Directors or nomination for election by the Company’s stockholders was
approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the Voting Securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the
Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in
one transaction or a series of transactions) all or substantially all of the Company’s assets. 
 “Claim”
means any threatened, asserted, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any arbitration or other alternative dispute resolution mechanism, or any appeal of any kind
thereof, or any inquiry or investigation, in each case whether instituted by (or in the right of) the Company or any governmental agency or any other person or entity, in which the Indemnitee was, is, may be or will be involved as a party, witness
or otherwise. 
 “Expenses” include attorneys’ fees and all other direct or indirect costs, expenses and
obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in settlement (which settlement shall have been approved by the Company in accordance with the terms hereof), and counsel fees and disbursements (including,
without limitation, experts’ fees, court costs, retainers, appeal bond premiums, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with
investigating, prosecuting, defending, settling, arbitrating, being a witness in or participating in (including on appeal), or preparing to investigate, prosecute, defend, settle, arbitrate, be a witness in or participate in, any Claim relating to
any Indemnifiable Event, and shall include (without limitation) all attorneys’ fees and all other expenses incurred by or on behalf of an Indemnitee in 

  
 2 

 
connection with preparing and submitting any requests or statements for indemnification, advancement or any other right provided by this Agreement (including, without limitation, such fees or
expenses incurred in connection with legal proceedings contemplated by Section 2(d) hereof). 
 “Indemnifiable
Amounts” means (i) any and all liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or
in respect of such liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes or amounts paid in settlement) arising out of or resulting from any Claim relating to an Indemnifiable Event, (ii) any liability pursuant to a
loan guaranty or otherwise, for any indebtedness of the Company or any subsidiary of the Company, including, without limitation, any indebtedness which the Company or any subsidiary of the Company has assumed or taken subject to, and (iii) any
liabilities which an Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in connection with the operation, administration or maintenance of an employee benefit plan or any related trust or funding
mechanism (whether such liabilities are in the form of excise taxes assessed by the United States Internal Revenue Service, penalties assessed by the United States Department of Labor, restitutions to such a plan or trust or other funding mechanism
or to a participant or beneficiary of such plan, trust or other funding mechanism, or otherwise). 
 “Indemnifiable
Event” means any event or occurrence, whether occurring before, on or after the date of this Agreement, related to the fact that the Indemnitee is or was (or has agreed to serve as) a director, officer, employee, agent or fiduciary of the
Company, or is or was serving (or has agreed to serve) at the request of the Company as a director, officer, employee, trustee or agent (which, for purposes hereof, shall include a fiduciary, partner or manager or similar capacity) of another
corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, or by reason of anything done or not done by the Indemnitee in any such capacity (in all cases whether or not the Indemnitee is acting or serving in any such
capacity or has such status at the time any Indemnifiable Amount is incurred for which indemnification, advancement or any other right can be provided by this Agreement). 
 “Independent Legal Counsel” means an attorney or firm of attorneys (following a Change in Control, selected in accordance with the provisions of Section 3 hereof), who is experienced
in the matters of corporate law and who shall not have otherwise performed services for the Company or the Indemnitee within the last five years (other than with respect to matters concerning the rights of the Indemnitee under this Agreement, or of
other indemnitees under similar indemnity agreements). 
 “Person” means any individual, corporation, firm,
partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity. 
 “Reviewing Party” means any appropriate person or body consisting of a member 

  
 3 

 
or members of the Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular Claim for which the Indemnitee is seeking
indemnification, or Independent Legal Counsel. 
 “Voting Securities” means any securities of the Company which
vote generally in the election of directors. 
 2. Basic Indemnification Arrangement; Advancement of Expenses.

  

	 	(a)	In the event that the Indemnitee was, is or becomes subject to, a party to or witness or other participant in, or is threatened to be made subject to, a party to or
witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the fullest extent permitted by Delaware law;
provided, however, that no change in Delaware law shall have the effect of reducing the benefits available to the Indemnitee hereunder based on Delaware law as in effect on the date hereof or as such benefits may improve as a result of
amendments after the date hereof. Payments of Indemnifiable Amounts shall be made as soon as practicable but in any event no later than thirty (30) days after written demand is presented to the Company. 

 

	 	(b)	If so requested by the Indemnitee, the Company shall advance, or cause to be advanced (within five business days of such request) any and all Expenses incurred by the
Indemnitee (an “Expense Advance”). The Company shall, in accordance with such request (but without duplication), pay, or caused to be paid, such Expenses on behalf of the Indemnitee, unless the Indemnitee shall have elected to pay
such Expenses and have such Expenses reimbursed, in which case the Company shall reimburse, or cause to be reimbursed the Indemnitee for such Expenses. To the fullest extent permitted by Delaware law, the Indemnitee’s right to an Expense
Advance is absolute and shall not be subject to any prior determination by the Reviewing Party that the Indemnitee has satisfied any applicable standard of conduct for indemnification. The Indemnitee hereby undertakes to repay any amounts advanced
(without interest) to the extent it is ultimately determined that Indemnitee is not entitled under this Agreement to be indemnified by the Company in respect thereof. No other form of undertaking shall be required of the Indemnitee other than
execution of this Agreement. If the Indemnitee commences legal proceedings in a court of competent jurisdiction to secure a determination that the Indemnitee should be indemnified under applicable law, the Indemnitee shall not be required to
reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). 

  
 4 

	 	(c)	Notwithstanding anything in this Agreement to the contrary, the Indemnitee shall not be entitled to indemnification or advancement of Expenses pursuant to this
Agreement in connection with any Claim initiated by the Indemnitee unless (i) the Company has joined in or the Board of Directors has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce the
Indemnitee’s rights under this Agreement (including an action pursued by the Indemnitee to secure a determination that the Indemnitee should be indemnified under applicable law). 

 

	 	(d)	A determination by the Company that the Indemnitee is not entitled to indemnification pursuant to Section 2(a) shall be made only by the Reviewing Party pursuant
to a legal opinion. If there has not been a Change in Control, the Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control, the Reviewing Party shall be the Independent Legal Counsel referred to in
Section 3 hereof. If there has been no determination by the Reviewing Party within thirty (30) days after written demand is presented to the Company or if the Reviewing Party determines that the Indemnitee would not be permitted to be
indemnified in whole or in part under applicable law, the Indemnitee shall have the right to commence litigation in any court in the State of Delaware having subject matter jurisdiction thereof and in which venue is proper seeking an initial
determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding.

  

	 	(e)	To the extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event
or in defense of any issue or matter therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all Indemnifiable Amounts actually and reasonably incurred in connection therewith, notwithstanding an earlier
determination by the Reviewing Party that the Indemnitee is not entitled to indemnification under applicable law. 

3. Change in Control. The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which
has been approved by a majority of the Board of Directors who were directors immediately prior to such Change in Control) then with respect to all matters thereafter arising concerning the rights of the Indemnitee to indemnity payments and Expense
Advances under this Agreement or any provision of the Certificate of Incorporation or of the Bylaws hereafter in effect relating to 

  
 5 

 
Claims for Indemnifiable Events, the Company shall seek legal advice only from Independent Legal Counsel selected by the Indemnitee and approved by the Company (which approval shall not be
unreasonably delayed, conditioned or withheld). Such counsel, among other things, shall render its written opinion to the Company and the Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under
applicable law. The Company agrees to pay the reasonable fees of the Independent Legal Counsel and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto. 
 4. Indemnification for Additional Expenses. The Company
shall indemnify, or cause the indemnification of, the Indemnitee against any and all Expenses and, if requested by the Indemnitee, shall advance such Expenses to the Indemnitee, subject to and in accordance with Section 2(b), which are incurred
by the Indemnitee in connection with any action brought by the Indemnitee for (i) indemnification or an Expense Advance by the Company under this Agreement or any other agreement or provision of the Certificate of Incorporation or of the Bylaws
now or hereafter in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether the Indemnitee ultimately is
determined to be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be; provided that the Indemnitee shall be required to reimburse such Expenses in the event that a final judicial determination is made
(as to which all rights of appeal therefrom have been exhausted or lapsed) that such action brought by the Indemnitee, or the defense by the Indemnitee of an action brought by the Company or any other person, as applicable, was frivolous or in bad
faith. 
 5. Partial Indemnity, Etc. If the Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses or other Indemnifiable Amounts in respect of a Claim but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion
thereof to which the Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in
part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all Expenses incurred in connection therewith. 

6. Burden of Proof. In connection with any determination by the Reviewing Party or otherwise as to whether the Indemnitee is
entitled to be indemnified hereunder, the Reviewing Party, court, any finder of fact or other relevant person shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the burden of
proof shall be on the Company or its representative to establish by clear and convincing evidence that the Indemnitee is not so entitled. 
 7. Reliance as Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, the Indemnitee shall be
deemed to have acted in good faith and in a manner he or she 

  
 6 

 
reasonably believed to be in or not opposed to the best interests of the Company if the Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the
Company, including its financial statements, or upon information, opinions, reports or statements furnished to the Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of
the Board of Directors, or by any other Person (including legal counsel, accountants and financial advisors) as to matters the Indemnitee reasonably believes are within such other Person’s professional or expert competence and who has been
selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to the Indemnitee for purposes of
determining the right to indemnity hereunder. 
 8. No Other Presumptions. For purposes of this Agreement, the
termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not create a presumption that the 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 applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether the
Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that the Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of
legal proceedings by the Indemnitee to secure a judicial determination that the Indemnitee should be indemnified under applicable law shall be a defense to the Indemnitee’s claim or create a presumption that the Indemnitee has not met any
particular standard of conduct or did not have any particular belief. 
 9. Nonexclusivity, Etc. The rights of the
Indemnitee hereunder shall be in addition to any other rights the Indemnitee may have under the Certificate of Incorporation, the General Corporation Law of the State of Delaware (the “DGCL”) or otherwise. To the extent that a
change in the DGCL (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s Certificate of Incorporation or this Agreement, it is the intent of the parties
hereto that the Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. To the extent that there is a conflict or inconsistency between the terms of this Agreement and the Certificate of Incorporation, it is the
intent of the parties hereto that the Indemnitee shall enjoy the greater benefits regardless of whether contained herein, or in the Certificate of Incorporation. No amendment or alteration of the Certificate of Incorporation or Bylaws or any other
agreement shall adversely affect the rights provided to the Indemnitee under this Agreement. No limitation of the Indemnitee’s rights pursuant to this Agreement shall in any way limit, or imply any limitation of, the Indemnitee’s rights
under any other agreement. 
 10. Liability Insurance. The Company shall use commercially reasonable efforts to maintain
a policy or policies of insurance with reputable insurance companies providing directors and officers with coverage for any liability asserted by reason of the fact that they are serving as a director or officer or have agreed to serve as a
director, officer, employee or agent of another enterprise, and, to the extent the Company maintains 

  
 7 

 
an insurance policy or policies providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such policy or policies, in accordance with its or their
terms, to the maximum extent of the coverage available for any Company director or officer. If the Company has such insurance in effect at the time the Company receives from the Indemnitee any notice of the commencement of an action, suit or
proceeding, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. 
 11. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against the Indemnitee, the Indemnitee’s spouse, heirs,
executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the
timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern. 

12. Amendments, Etc. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by
both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

13. Subrogation. Subject to Section 15(e) hereof, in the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall execute all papers reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the execution of
such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or reimburse all Expenses actually and reasonably incurred by the Indemnitee in connection with such subrogation. 

14. No Duplication of Payments. Subject to Section 15(e) hereof, the Company shall not be liable under this Agreement to make
any payment in connection with any Claim made against the Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, any provision of the Certificate of Incorporation or otherwise) of the amounts
otherwise indemnifiable hereunder. 
 15. Defense of Claims/Settlement. 

 

	 	(a)	 The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event or to assume the defense thereof, with
counsel reasonably satisfactory to the Indemnitee; provided that if the Indemnitee believes, after consultation with counsel selected by the Indemnitee, that (i) the use of counsel

  
 8 

	 	
chosen by the Company to represent the Indemnitee would present such counsel with an actual or potential conflict of interest, (ii) the named parties in any such Claim (including any
impleaded parties) include the Company or any subsidiary of the Company and the Indemnitee, and the Indemnitee concludes that there may be one or more legal defenses available to him or her that are different from or in addition to those available
to the Company or such subsidiary of the Company, or (iii) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then the Indemnitee shall be entitled to retain
separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Claim) at the Company’s expense. 

  

	 	(b)	The Company shall not be liable to the Indemnitee under this Agreement for any amounts paid in settlement of any Claim relating to an Indemnifiable Event effected
without the Company’s prior written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any Claim relating to an Indemnifiable Event which the Indemnitee is or could have been a party
unless such settlement solely involves the payment of money and includes a complete and unconditional release of the Indemnitee from all liability on all claims that are the subject matter of such Claim. Neither the Company nor the Indemnitee shall
unreasonably withhold, condition or delay its or his or her consent to any proposed settlement; provided that the Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of the Indemnitee.
In no event shall the Indemnitee be required to waive, prejudice or limit attorney-client privilege or work-product protection or other applicable privilege or protection. 

 

	 	(c)	 Given that certain jointly indemnifiable claims may arise due to the service of the Indemnitee as a director and/or officer of the Company at the
request of the Indemnitee-related entities, the Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to the Indemnitee in respect of indemnification or advancement of expenses in connection with
any such jointly indemnifiable claim, pursuant to and in accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee may have from the Indemnitee-related entities. Under no circumstance shall the Company be
entitled to any right of subrogation or contribution by the Indemnitee-related entities and no right of advancement or recovery the Indemnitee may have from the Indemnitee-related entities shall reduce or otherwise alter the rights of the Indemnitee
or the obligations of the Company hereunder. In the event that any 

  
 9 

	 	
of the Indemnitee-related entities shall make any payment to the Indemnitee in respect of indemnification or advancement of expenses with respect to any jointly indemnifiable claim, the
Indemnitee-related entity making such payment shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee against the Company, and Indemnitee shall execute all papers reasonably required and shall do all
things that may be reasonably necessary to secure such rights, including the execution of such documents as may be necessary to enable the Indemnitee-related entities effectively to bring suit to enforce such rights. The Company and Indemnitee agree
that each of the Indemnitee-related entities shall be third-party beneficiaries with respect to this Section 15(c), entitled to enforce this Section 15(c) as though each such Indemnitee-related entity were a party to this Agreement. For
purposes of this Section 15(c), the following terms shall have the following meanings: 

  

	 	(i)	The term “Indemnitee-related entities” means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or
other enterprise (other than the Company or any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s
request, to serve as a director, officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in
whole or in part, the Company may also have an indemnification or advancement obligation (other than as a result of obligations under an insurance policy). 

 

	 	(ii)	The term “jointly indemnifiable claims” shall be broadly construed and shall include, without limitation, any action, suit or proceeding for which the
Indemnitee shall be entitled to indemnification or advancement of expenses from both the Indemnitee-related entities and the Company pursuant to the DGCL, any agreement or the certificate of incorporation, bylaws, partnership agreement, operating
agreement, certificate of formation, certificate of limited partnership or comparable organizational documents of the Company or the Indemnitee-related entities, as applicable. 

  
 10 

 16. No Adverse Settlement. The Company shall not seek, nor shall it agree to, consent
to, support, or agree not to contest any settlement or other resolution of any Claim(s), or settlement or other resolution of any other claim, action, proceeding, demand, investigation or other matter that has the actual or purported effect of
extinguishing, limiting or impairing the Indemnitee’s rights hereunder, including, without limitation, the entry of any bar order or other order, decree or stipulation, pursuant to 15 U.S.C. § 78u-4 (the Private Securities Litigation
Reform Act), or any similar foreign, federal or state statute, regulation, rule or law. 
 17. Binding Effect, Etc. This
Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, 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), spouses, heirs, executors and personal and legal representatives. This Agreement shall continue in effect regardless of whether the Indemnitee continues to serve as an officer and/or
director of the Company or of any other enterprise at the Company’s request. The Company shall require and cause 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 and/or its subsidiaries, by written agreement in form and substance satisfactory to the Indemnitee and his or her counsel, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the Company would be required to perform if no such succession had taken place. 
 18. Severability. The
provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, illegal, void or
otherwise unenforceable in any respect, and the validity and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired and shall remain enforceable to the fullest extent
permitted by law. 
 19. Specific Performance, Etc. The parties recognize that if any provision of this Agreement is
violated by the Company, the Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, the Indemnitee shall be entitled, if the Indemnitee so elects, to institute proceedings, either in law or at equity,
to obtain damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as the Indemnitee may elect to pursue. 

20. Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient
if contained in a written document delivered in person or sent by facsimile, nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter be designated on
the signature pages of this Agreement or in writing by such party to the other parties: 

  
 11 

	 	(a)	If to the Company, to: 

 Tumi
Holdings, Inc. 
 1001 Durham Ave. 
 South Plainfield, NJ 07080 
 Fax: (908) 756-5878 

Attn: Chief Financial Officer 
 with a copy (which shall not constitute notice) to: 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036-6522 
 Fax: (212) 735-2000 

Attn: David Goldschmidt, Esq. 
  

	 	(b)	If to the Indemnitee, to the address set forth on the signature page hereof. 

 All such notices, requests, consents and other communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the above addresses or sent
by electronic transmission, with confirmation received, to the facsimile numbers specified above (or at such other address or facsimile number for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other
party hereto shall also be delivered to each other party hereto simultaneously with delivery to the first party receiving such notice. 
 21. Counterparts. This Agreement may be executed in 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. 
 22. Headings. The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction or interpretation thereof. 
 23. Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to principles of conflicts of laws. 

  
 12 

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

			
	TUMI HOLDINGS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		 	
	
	INDEMNITEE
		
		 	  

		 	Name:
		 	Business Address:
		 	Telephone:
		 	Facsimile:

  
 13 

 Schedule A 
 Indemnitees 
 Richard P. Hanson 
 Jerome Griffith 
 Michael J. Mardy 
 Joseph R. Gromek 
 Thomas H. Johnson 
 Alan M. Krantzler 
 Steven M. Hurwitz 
 Thomas H. Nelson 
 Denielle M. Wolfe

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