Document:

Exhibit 10.1

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made and entered into this day of 2021, by and between Owl Rock Capital
Corporation II, a Maryland corporation (the “Company”), and the undersigned (“Indemnitee”).

 

WHEREAS, at the request
of the Company, Indemnitee currently serves as a director of the Company and may, therefore, be subjected to claims, suits
or proceedings arising as a result of his service; and

 

WHEREAS, as an inducement
to Indemnitee to continue to serve as such director, the Company has agreed to indemnify and to advance expenses and costs incurred
by Indemnitee in connection with any such claims, suits or proceedings, to the fullest extent permitted by law, except as otherwise
expressly provided for herein; and

 

WHEREAS, the parties
by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses;

 

NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Company and Indemnitee
do hereby covenant and agree as follows:

 

Section 1.
Definitions. For purposes of this Agreement:

 

(a) “Change
of Control” shall mean the occurrence of any of the following events after the Effective Date of this Agreement:

 

(i)            the
sale or other disposition of all or substantially all of the Company’s assets; or

 

(ii)          the
acquisition, whether directly, indirectly, beneficially (within the meaning of rule 13d-3 of the Securities Exchange Act of
1934, as amended (the “1934 Act”)) or of record, as a result of a merger, consolidation or otherwise,
of securities of the Company representing twenty percent (20%) or more of the aggregate voting power of the Company’s then-outstanding
common stock by any “person” (within the meaning of Sections 13(d) and 14(d) of the 1934 Act), including,
but not limited to, any corporation or group of persons acting in concert, other than (i) the Company or its subsidiaries
and/or (ii) any employee pension benefit plan (within the meaning of Section 3(2) of the Employee Retirement Income
Security Act of 1974) of the Company or its subsidiaries, including a trust established pursuant to any such plan; or

 

(iii)         the
individuals who were members of the Board of Directors as of the Effective Date (the “Incumbent Board”)
cease to constitute at least two-thirds (2/3) of the Board; provided, however, that any director appointed by at
least two-thirds (2/3) of the then Incumbent Board or nominated by at least two-thirds (2/3) of the Nominating and Corporate Governance
Committee of the Board of Directors (a majority of the members of the Nominating and Corporate Governance Committee shall be members
of the then Incumbent Board or appointees thereof), other than any director appointed or nominated in connection with, or as a
result of, a threatened or actual proxy or control contest, shall be deemed to constitute a member of the Incumbent Board.

 

(b) “Corporate
Status” means the status of a person who is or was a director, trustee, officer, employee or agent of the Company
or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise for which such person
is or was serving at the request of the Company.

 

     

     

    

 

(c) “Covered
Securities” shall have the meaning set forth in Section 18 of the Securities Act of 1933, as amended.

 

(d) “Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.

 

(e) “Effective
Date” means the date set forth in the first paragraph of this Agreement.

 

(f) “Expenses”
shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements
or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
or being or preparing to be a witness in a Proceeding.

 

(g) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither
is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either
such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. If a Change of Control has not occurred, Independent Counsel shall be selected
by the Board of Directors, with the approval of Indemnitee, which approval will not be unreasonably withheld. If a Change of Control
has occurred, Independent Counsel shall be selected by Indemnitee, with the approval of the Board of Directors, which approval
will not be unreasonably withheld.

 

(h) “Proceeding”
includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation,
administrative hearing or any other proceeding, whether civil, criminal, administrative or investigative (including on appeal),
except one (i) initiated by an Indemnitee pursuant to Section 11 of this Agreement to enforce his rights under this Agreement
or (ii) pending or completed on or before the Effective Date, unless otherwise specifically agreed in writing by the Company
and Indemnitee.

 

Section 2.
Services by Indemnitee. Indemnitee will serve as a director of the Company. However, this Agreement shall not impose any obligation
on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law
or by other agreements or commitments of the parties, if any.

 

Section 3.
Indemnification — General. The Company shall indemnify, and advance Expenses to, Indemnitee (a) as provided
in this Agreement and (b) otherwise to the fullest extent permitted by Maryland law in effect on the date hereof and as amended
from time to time; provided, however, that no change in Maryland law shall have the effect of reducing the benefits available to
Indemnitee hereunder based on Maryland law as in effect on the date hereof. The rights of Indemnitee provided in this Section 3
shall include, without limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification
permitted by Section 2-418(g) of the Maryland General Corporation Law (“MGCL”). Notwithstanding
anything to the contrary in this Section 3 or any other section of this Agreement, for so long as the Company is subject to
the Investment Company Act of 1940, as amended, and the regulations promulgated thereunder (the “Investment Company
Act”), the Company shall not indemnify or advance Expenses to Indemnitee to the extent such indemnification or advance
would violate the Investment Company Act.

 

     

     

    

 

Section 4.
Proceedings Other Than Proceedings Arising from an Alleged Violation of State or Federal Securities Law. Indemnitee shall be
entitled to the rights of indemnification provided in this Section 4 if, by reason of his Corporate Status, he is, or is threatened
to be, made a party to or a witness in any threatened, pending, or completed Proceeding. Pursuant to this Section 4, Indemnitee
shall be indemnified against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably
incurred by him or on his behalf in connection with a Proceeding by reason of his Corporate Status only if (i) the Company
has determined, in good faith, that the course of conduct that caused the loss or liability was in the best interests of the Corporation;
(ii) the Company has determined, in good faith, that the Indemnitee was acting on behalf of or performing services for the
Company; (iii) the Company has determined, in good faith, that such liability or loss was not the result of gross negligence
or willful misconduct in the case that the Indemnitee is a director and not also an officer of the Company, the Adviser or an affiliate
of the Adviser; and (iv) such indemnification or agreement to hold harmless is recoverable only out of the Company’s
net assets and not from the Company’s stockholders. Notwithstanding the foregoing, this Section 4 shall only apply to
an Indemnitee prior to the qualification of the Company’s common stock as Covered Securities.

 

Section 5.
Proceedings Arising from an Alleged Violation of State or Federal Securities Law. Notwithstanding anything to the contrary
contained in Section 4 above, the Company shall not provide indemnification to an Indemnitee for any loss, liability
or expense arising from or out of an alleged violation of federal or state securities laws by such party unless one or more of
the following conditions are met: (i) there has been a successful adjudication on the merits of each count involving alleged
material securities law violations as to the Indemnitee; (ii) such claims have been dismissed with prejudice on the merits
by a court of competent jurisdiction as to the Indemnitee; or (iii) a court of competent jurisdiction approves a settlement
of the claims against the Indemnitee and finds that indemnification of the settlement and the related costs should be made, and
the court considering the request for indemnification has been advised of the position of the Securities and Exchange Commission
and of the published position of any state securities regulatory authority in which Shares were offered or sold as to indemnification
for violations of securities laws. Notwithstanding the foregoing, this Section 5 shall only apply to an Indemnitee prior to
the qualification of the Company’s common stock as Covered Securities.

 

Section 6.
Court-Ordered Indemnification. In addition to any other indemnification that may be provided under this Agreement, and notwithstanding
any other provision of this Agreement, a court of appropriate jurisdiction, upon application of Indemnitee and such notice as the
court shall require, may order indemnification in the following circumstances:

 

(a) 
if it determines Indemnitee is entitled to reimbursement under Section 2-418(d)(1) of the MGCL, the court shall order
indemnification, in which case Indemnitee shall be entitled to recover the expenses of securing such reimbursement; or

 

(b) 
if it determines that Indemnitee is fairly and reasonably entitled to indemnification in view of all the relevant circumstances,
whether or not Indemnitee (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has
been adjudged liable for receipt of an improper personal benefit under Section 2-418(c) of the MGCL, the court may order
such indemnification as the court shall deem proper. However, indemnification with respect to any Proceeding by or in the right
of the Company or in which liability shall have been adjudged in the circumstances described in Section 2-418(c) of the
MGCL shall be limited to Expenses.

 

Section 7.
Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement,
and without limiting any such provision, to the extent that Indemnitee is, by reason of his Corporate Status, made a party to and
is successful, on the merits or otherwise, in the defense of any Proceeding, he shall be indemnified for all Expenses actually
and reasonably incurred by him or on his behalf 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 less than all claims, issues or matters in such Proceeding,
the Company shall indemnify Indemnitee under this Section 7 for all Expenses actually and reasonably incurred by him or on
his behalf in connection with each successfully resolved claim, issue or matter, allocated on a reasonable and proportionate basis.
For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by
dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

 

     

     

    

 

Section 8.
Advance of Expenses. The Company shall advance all reasonable legal expenses and other costs incurred by or on behalf of an
Indemnitee in connection with any Proceeding to which Indemnitee is, or is threatened to be, made a party or a witness, only if
all of the following are satisfied: (a) the proceeding relates to acts or omissions with respect to the performance of duties
or services on behalf of the Company, (b) the Indemnitee provides the Company with written affirmation of the Indemnitee’s
good faith belief that the Indemnitee has met the standard of conduct necessary for indemnification by the Company as authorized
by Section 4 or 5 hereof, (c) the legal proceeding was initiated by a third party who is not a Stockholder or, if by
a Stockholder of the Company acting in his or her capacity as such, a court of competent jurisdiction approves such advancement,
and (d) the Indemnitee provides the Company with a written agreement, in substantially the form attached hereto as Exhibit A
or in such form as may be required under applicable law as in effect at the time of the execution thereof, to repay the amount
paid or reimbursed by the Company, together with the applicable legal rate of interest thereon, if it is ultimately determined
that the Indemnitee did not comply with the requisite standard of conduct and is not entitled to indemnification. The Company shall
advance all reasonable Expenses so incurred by or on behalf of Indemnitee within ten (10) days after the receipt by the Company
of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final
disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and
shall include or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that
the standard of conduct necessary for indemnification by the Company as authorized by law and by this Agreement has been met and
a written undertaking by or on behalf of Indemnitee satisfying (d) above. For so long as the Company is subject to the Investment
Company Act, any advancement of Expenses shall be subject to at least one of the following as a condition of the advancement: (a) Indemnitee
shall provide a security for his or her undertaking, (b) the Company shall be insured against losses arising by reason of
any lawful advances or (c) a majority of a quorum of the Disinterested Directors of the Company, or Independent Counsel in
a written opinion, shall determine, based on a review of readily available facts (as opposed to a full-trial-type inquiry), that
there is reason to believe that Indemnitee ultimately will be found entitled to indemnification. To the extent that Expenses advanced
to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable
and proportionate basis. The undertaking required by this Section 8 shall be an unlimited general obligation by or on behalf
of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Expenses and
without any requirement to post security therefor. Notwithstanding the foregoing, this Section 8 shall only apply to an Indemnitee
prior to the qualification of the Company’s common stock as Covered Securities.

 

Section 9.
Procedure for Determination of Entitlement to Indemnification.

 

(a)  To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and
to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request
for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification.

 

(b)  Upon written
request by Indemnitee for indemnification pursuant to the first sentence of Section 9(a) hereof, a determination, if
required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly be made in the specific case:
(i) if a Change of Control shall have occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy
of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall not have occurred, (A) by the Board of
Directors (or a duly authorized committee thereof) by a majority vote of a quorum consisting of Disinterested Directors, or (B) if
a quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, such quorum
of Disinterested Directors so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall
be delivered to Indemnitee, or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders
of the Company; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such 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 costs or Expenses incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as
to Indemnitee’s entitlement to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom.

 

     

     

    

 

Section 10.
Presumptions and Effect of Certain Proceedings.

 

(a)  In making
a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification
in accordance with Section 9(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption
in connection with the making of any determination contrary to that presumption.

 

(b)  The termination
of any Proceeding by judgment, order, settlement, conviction, a plea of nolo contendere or its equivalent, or an entry of
an order of probation prior to judgment, does not create a presumption that Indemnitee did not meet the requisite standard of conduct
described herein for indemnification.

 

Section 11.
Remedies of Indemnitee.

 

(a)  If (i) a
determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advance of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination
of entitlement to indemnification shall have been made pursuant to Section 9(b) of this Agreement within thirty (30)
days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant
to Section 7 of this Agreement within ten (10) days after receipt by the Company of a written request therefor, or (v) payment
of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee
shall be entitled to an adjudication in an appropriate court of the State of Maryland, or in any other court of competent jurisdiction,
of his entitlement to such indemnification or advance of Expenses. Alternatively, Indemnitee, at his option, may seek an award
in arbitration to be conducted by a single arbitrator pursuant to the commercial Arbitration Rules of the American Arbitration
Association. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within one hundred and
eighty (180) days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 11(a);
provided, however, that the foregoing clause shall not apply to a proceeding brought by Indemnitee to enforce his rights
under Section 7 of this Agreement.

 

(b)  In any judicial
proceeding or arbitration commenced pursuant to this Section 11 the Company shall have the burden of proving that Indemnitee
is not entitled to indemnification or advance of Expenses, as the case may be.

 

(c)  If a determination
shall have been made pursuant to Section 9(b) of this Agreement that Indemnitee is entitled to indemnification, the Company
shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 11, absent
a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification.

 

(d) 
In the event that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication of or an award in arbitration to
enforce his rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from
the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him in such
judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee
is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee
in connection with such judicial adjudication or arbitration shall be appropriately prorated.

 

     

     

    

 

Section 12.
Defense of the Underlying Proceeding.

 

(a)  Indemnitee
shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information,
notice, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of
Expenses hereunder; provided, however, that the failure to give any such notice shall not disqualify Indemnitee from the
right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement
unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially
and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

 

(b)  Subject to
the provisions of the last sentence of this Section 12(b) and of Section 12(c) below, the Company shall have
the right to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that
the Company shall notify Indemnitee of any such decision to defend within fifteen (15) calendar days following receipt of notice
of any such Proceeding under Section 12(a) above. The Company shall not, without the prior written consent of Indemnitee,
which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or enter into any
settlement or compromise which (i) includes an admission of fault of Indemnitee or (ii) does not include, as an unconditional
term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release shall be in form and
substance reasonably satisfactory to Indemnitee. This Section 12(b) shall not apply to a Proceeding brought by Indemnitee
under Section 11 above or Section 18 below.

 

(c)  Notwithstanding
the provisions of Section 12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s
Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval
shall not be unreasonably withheld, that he may have separate defenses or counterclaims to assert with respect to any issue which
may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion
of counsel approved by the Company, which approval shall not be unreasonably withheld, that an actual or apparent conflict of interest
or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense
of such Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s
choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company.
In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or
any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or to recover
from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel
of Indemnitee’s choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense
of the Company (subject to Section 11(d)), to represent Indemnitee in connection with any such matter.

 

Section 13.
Non-Exclusivity; Survival of Rights; Subrogation; Insurance; Investment Company Act.

 

(a)  The rights
of indemnification and advance of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which
Indemnitee may at any time be entitled under applicable law, the Articles of Amendment and Restatement of the Company (as amended
from time to time, the “Charter”) or the Bylaws of the Company (as amended from time to time, the “Bylaws”),
any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors,
or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right
of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to
such amendment, alteration or repeal.

 

(b)  In the event
of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, who shall execute all papers required and take all 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.

 

     

     

    

 

(c)  The Company
shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as expenses
hereunder if and to the extent that (i) Indemnitee has otherwise actually received such payment under any insurance policy,
contract, agreement or otherwise, or (ii) for so long as the Company is subject to the Investment Company Act, indemnification
or payment or reimbursement of expenses would not be permissible under the Investment Company Act.

 

Section 14.
Insurance. The Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms
and conditions deemed appropriate by the Board of Directors of the Company, with the advice of counsel, covering Indemnitee or
any claim made against Indemnitee for service as a director or officer of the Company and covering the Company for any indemnification
or advance of Expenses made by the Company to Indemnitee for any claims made against Indemnitee for service as a director or officer
of the Company. Without in any way limiting any other obligation under this Agreement, the Company shall indemnify Indemnitee for
any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate
of all judgments, penalties, fines, settlements and reasonable Expenses incurred by Indemnitee in connection with a Proceeding
over the coverage of any insurance referred to in the previous sentence.

 

Section 15.
Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
is, by reason of his Corporate Status, a witness in any Proceeding, whether instituted by the Company or any other party, and to
which Indemnitee is not a party, he shall be advanced all reasonable Expenses and indemnified against all Expenses actually and
reasonably incurred by him or on his behalf in connection therewith.

 

Section 16.
Duration of Agreement; Binding Effect.

 

(a)  This Agreement
shall continue until and terminate ten (10) years after the date that Indemnitee’s Corporate Status shall have ceased;
provided, however, that the rights of Indemnitee hereunder shall continue until the final termination of any Proceeding
then pending in respect of which Indemnitee is granted rights of indemnification or advance of Expenses hereunder and of any proceeding
commenced by Indemnitee pursuant to Section 11 of this Agreement relating thereto.

 

(b)  The indemnification
and advance of Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties
hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation
or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has
ceased to be a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise which such person is or was serving at the written request of the Company, and
shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators and other legal
representatives.

 

(c)  The Company
shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially
all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory
to Indemnitee, 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.

 

Section 17.
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any
reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including,
without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or
unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to
the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested thereby.

 

     

     

    

 

Section 18.
Exception to Right of Indemnification or Advance of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee
shall not be entitled to indemnification or advance of Expenses under this Agreement with respect to any Proceeding brought by
Indemnitee, unless (a) the Proceeding is brought to enforce indemnification under this Agreement or otherwise or (b) the
Company’s Bylaws, the Charter, a resolution of the stockholders entitled to vote generally in the election of directors or
of the Board of Directors or an agreement approved by the Board of Directors to which the Company is a party expressly provide
otherwise. In addition, notwithstanding any other provision of this Agreement, Indemnitee shall not be entitled to indemnification
or advance of Expenses under this Agreement to the extent such indemnification or advance of Expenses would conflict with any provision
of the Company’s Bylaws or the Charter, in each case without giving effect to the non-exclusivity provision set forth in
Section 11.08 of the Charter; provided, however, that foregoing restriction not apply and shall be of no force or effect
if and to the extent the Company’s common stock is qualified as a Covered Security.

 

Section 19.
Identical Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original but all of which together shall constitute one and the same Agreement. One such counterpart signed by
the party against whom enforceability is sought shall be sufficient to evidence the existence of this Agreement.

 

Section 20.
Headings. The headings of the 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 thereof.

 

Section 21.
Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing
by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver
of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

Section 22.
Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have
been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have
been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date
on which it is so mailed:

 

(a) If to Indemnitee,
to: the address set forth on the signature page hereto.

 

(b) If to the
Company, to:

 

Owl Rock Capital Corporation II
 399 Park Avenue,
38th Floor 

New York, NY 10022

 

or to such other address as may have been
furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.

 

Section 23.
Governing Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with (i) the
laws of the State of Maryland applicable to contracts formed and to be performed entirely within the State of Maryland, without
regard to its conflicts of laws rules, to the extent such rules would require or permit the application of the laws of another
jurisdiction, and (ii) the Investment Company Act. To the extent the applicable laws of the State of Maryland or any applicable
provision of this Agreement shall conflict with the applicable provisions of the Investment Company Act, the latter shall control.

 

Section 24.
Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

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

 

	 	Owl Rock Capital Corporation II
	 	 	 
	 	 	 
	 	By:	 	 	 	 	 	 	 	 	 
	 	Name:
	 	Title:
	 	 	 
	 	 	 
	 	INDEMNITEE
	 	 	 
	 	 	 	 

	 	Name:
	 	Title: Director

 

     

     

    

 

EXHIBIT A

 

FORM OF
UNDERTAKING TO REPAY EXPENSES ADVANCED

 

The Board of Directors of Owl Rock Capital Corporation II

 

Re: Undertaking to Repay Expenses Advanced

 

Ladies and Gentlemen:

 

This undertaking is
being provided pursuant to that certain Indemnification Agreement (the “Indemnification Agreement”) dated
the ___day of _______________, 2021, by and between Owl Rock Capital Corporation II (the “Company”) and
the undersigned Indemnitee (“Indemnitee”), pursuant to which I am entitled to advance of expenses in
connection with [Description of Proceeding] (the “Proceeding”).

 

Terms used herein and
not otherwise defined shall have the meanings specified in the Indemnification Agreement.

 

I am subject to the
Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity. I hereby affirm
that at all times, insofar as I was involved as director of the Company, in any of the facts or events giving rise to the Proceeding, I
(1) acted in good faith and honestly, (2) did not receive any improper personal benefit in money, property or services
and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful.

 

In consideration of
the advance of Expenses by the Company for reasonable attorneys’ fees and related expenses incurred by me in connection with
the Proceeding (the “Advanced Expenses”), I hereby agree that if, in connection with the Proceeding,
it is established that (1) an act or omission by me was material to the matter giving rise to the Proceeding and (a) was
committed in bad faith or (b) was the result of active and deliberate dishonesty or (2) I actually received an improper
personal benefit in money, property or services or (3) in the case of any criminal proceeding, I had reasonable cause
to believe that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses relating
to the claims, issues or matters in the Proceeding as to which the foregoing findings have been established and which have not
been successfully resolved as described in Section 7 of the Indemnification Agreement. To the extent that Advanced Expenses
do not relate to a specific claim, issue or matter in the Proceeding, I agree that such Expenses shall be allocated on a reasonable
and proportionate basis.

 

IN WITNESS WHEREOF, I
have executed this Affirmation and Undertaking on this ___day of ______________, 2021.

 

	WITNESS:EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

STOCKHOLDER SUPPORT AGREEMENT 

STOCKHOLDER SUPPORT AGREEMENT, dated as of February 18, 2021 (this “Agreement”), by and among Kaleyra, Inc., a Delaware
corporation (“Kaleyra”), and certain of the stockholders of Vivial Inc., a Delaware corporation (the “Company”), whose names appear on the signature pages of this Agreement (each, a “Stockholder”
and, collectively, the “Stockholders”). 
 WHEREAS, Kaleyra, Volcano Merger Sub, Inc., a Delaware corporation and wholly
owned subsidiary of Kaleyra (“Merger Sub”), and the Company have negotiated an Agreement and Plan of Merger in the form attached hereto as Exhibit B (the “Plan of Merger”; terms used but
not defined in this Agreement shall have the meanings ascribed to them in the Plan of Merger), which provides, among other things, that, upon the terms and subject to the conditions thereof, Merger Sub will be merged with and into the Company (the
“Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Kaleyra; and 
 WHEREAS, as of the date
hereof, each Stockholder owns of record the number of shares of Company Common Stock as set forth opposite such Stockholder’s name on Exhibit A hereto (all such shares of Company Common Stock and any shares of Company Common
Stock of which ownership of record or the power to vote is hereafter acquired by the Stockholders prior to the termination of this Agreement being referred to herein as the “Shares”). 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and intending to be legally
bound hereby, the parties hereto hereby agree as follows: 
 1. Plan of Merger Approved; Agreement to Vote. Each Stockholder, with
respect to such Stockholder’s Shares, severally and not jointly, hereby agrees, during the period from the date hereof through the date on which this Agreement terminates in accordance with Section 5 (such period, the “Restricted
Period”), to vote, at any meeting of the stockholders of the Company (or any adjournment or postponement thereof), which meeting each Shareholder shall appear at in person or by proxy, or shall otherwise cause all of its Shares to be
counted as present thereat for purposes of establishing a quorum, and in any action by written consent of the stockholders of the Company (which written consent shall be delivered promptly, and in any event within twenty four (24) hours, after
the Company requests such delivery), all of the Shares held by such Stockholder at such time in favor of the approval and adoption of the Plan of Merger and approval of the Merger and all other transactions contemplated by the Plan of Merger,
provided in all cases that no changes have been made in the Plan of Merger or in the Merger or related transactions or ancillary agreements under the Plan of Merger that are material to one or more of the Stockholders. Provided no changes are
made in the Plan of Merger or in the Merger or related transactions or ancillary agreements under the Plan of Merger that are material to one or more of the Stockholders, each Stockholder, severally and not jointly, hereby agrees to vote at any
meeting of the stockholders of the Company (or any adjournment or postponement thereof), which meeting each Shareholder shall appear at in person or by proxy, or shall otherwise cause all of its Shares to be counted as present thereat for purposes
of establishing a quorum, and to act by written consent of Company stockholders, against any action, agreement, transaction or proposal that would reasonably be expected to cause or result in a material breach of any covenant, representation,
warranty or other obligation or agreement of the Company under the Plan of Merger or that would reasonably be expected to result in the failure of the Merger from being consummated. Each Stockholder acknowledges receipt and has reviewed of a copy of
the Plan of Merger. 
 2. Termination of Stockholder Agreements, Related Agreements. Subject to the consummation of the Closing
pursuant to the Plan of Merger, each Stockholder, severally and not jointly, hereby agrees that the following shall terminate effective immediately prior to the Closing under the Plan of Merger (provided that all Terminating Rights (as defined
below) between the Company or any of its subsidiaries and any other holder of Company capital stock shall also terminate at such time), that certain (a) Shareholder’s Agreement, dated as of

 
November 18, 2011 (as amended by Amendment No. 1 to Shareholder’s Agreement, dated as of July 24, 2013, the “Stockholder Agreement”) and (b) if
applicable to such Stockholder, any rights under any letter agreement providing for redemption rights, put rights, purchase rights or other similar rights not generally available to stockholders of the Company (the “Terminating
Rights”) between such Stockholder and the Company, but excluding, for the avoidance of doubt, any rights such Stockholder may have that relate to any commercial or employment agreements or arrangements between such Stockholder and the
Company or any subsidiary, which shall survive in accordance with their terms. 
 3. Transfer of Shares. Each Stockholder, severally
and not jointly, agrees that during the Restricted Period, it shall not, directly or indirectly, (a) sell, assign, transfer (including by operation of law), create any lien or pledge, dispose of or otherwise encumber any of the Shares or
otherwise agree to do any of the foregoing, except for a sale, assignment or transfer pursuant to the Plan of Merger or to another stockholder of the Company that is a party to this Agreement and bound by the terms and obligations hereof,
(b) deposit any Shares into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement or (c) enter into any contract, option or
other arrangement or undertaking with respect to the direct acquisition or sale, assignment, transfer or other disposition of any Shares, except as set forth in the Stockholder Agreement; provided, that the foregoing shall not prohibit the transfer
of the Shares to an affiliate of such Stockholder, but only if such affiliate of such Stockholder shall execute this Agreement or a joinder agreeing to become a party to this Agreement. 

4. No Solicitation of Transactions. Each of the Stockholders severally and not jointly, agrees during the Restricted Period not to
directly or indirectly, through any officer, director, representative, agent or otherwise, (a) solicit, initiate or knowingly encourage (including by furnishing information) the submission of, or participate in any discussions or negotiations
regarding, any transaction in violation of the Plan of Merger or (b) participate in any discussions or negotiations regarding, or furnish to any person or other entity or “group” within the meaning of Section 13(d) of the
Exchange Act, any information with the intent to, or otherwise cooperate in any way with respect to, or knowingly assist, participate in, facilitate or encourage, any unsolicited proposal that constitutes, or may reasonably be expected to lead to,
an Acquisition Proposal in violation of the Plan of Merger. During the Restricted Period, each Stockholder shall, and shall direct its representatives and agents to, immediately cease and cause to be terminated any discussions or negotiations with
any parties that may be ongoing with respect to any Acquisition Proposal (other than the transactions contemplated by the Plan of Merger) to the extent required by the Plan of Merger. If during the Restricted Period any Stockholder receives any
inquiry or proposal with respect to an Acquisition Proposal, then such Stockholder shall promptly (and in no event later than twenty-four (24) hours after such Stockholder becomes aware of such inquiry or proposal) notify such person in writing
that the Company is subject to an exclusivity agreement with respect to the sale of the Company that prohibits such Stockholder from considering such inquiry or proposal. 

5. Representations and Warranties. Each Stockholder severally and not jointly, represents and warrants to Kaleyra as follows: 

(a) The execution, delivery and performance by such Stockholder of this Agreement and the consummation by such Stockholder of the transactions
contemplated hereby do not and will not (i) conflict with or violate any statute, law, ordinance, regulation, rule, code, executive order, injunction, judgment, decree or other order applicable to such Stockholder, (ii) require any
consent, approval or authorization of, declaration, filing or registration with, or notice to, any person or entity, (iii) result in the creation of any encumbrance on any Shares (other than under this Agreement, the Plan of Merger and the
agreements contemplated by the Plan of Merger) or (iv) if such Stockholder is an entity, conflict with or result in a breach of or constitute a default under any provision of such Stockholder’s governing documents, except in the case of
each of clauses (i), (ii) or (iii) above, as would not have an adverse effect on Stockholder’s ownership of the Shares and would not reasonably be expected to prevent, delay or impair the consummation by Stockholder of the transactions
contemplated by this Agreement or otherwise impair such Stockholder’s ability to perform its obligations hereunder. 

  
 2 

 (b) As of the date of this Agreement, such Stockholder owns exclusively of record and has
good and valid title to the Shares set forth opposite the Stockholder’s name on Exhibit A free and clear of any security interest, lien, claim, pledge, proxy, option, right of first refusal, agreement, voting
restriction, limitation on disposition, charge, adverse claim of ownership or use or other encumbrance of any kind and has the sole power to vote and the right, power and authority to sell, transfer and deliver such Shares, other than pursuant and
subject to: (i) this Agreement, (ii) applicable securities laws, (iii) the Company’s certificate of incorporation and bylaws, and (iv) the Stockholder Agreement. Such Stockholder is not the registered owner of any Shares
other than those set forth on Exhibit A. 
 (c) Such Stockholder has the power, authority and capacity to execute, deliver and
perform this Agreement and that this Agreement has been duly authorized, executed and delivered by such Stockholder. 
 6.
Termination. This Agreement and the obligations and liabilities of the Stockholders under this Agreement shall automatically terminate and be of no further force or effect upon the earliest of (a) the Effective Time; (b) the
termination of the Plan of Merger in accordance with its terms, (c) the effective date of a written agreement of the parties hereto terminating this Agreement and (d) any material breach by Kaleyra of the Plan of Merger that is not fully
cured within the time permitted by the Plan of Merger. Upon termination of this Agreement, neither party shall have any further obligations or liabilities under this Agreement. The Company shall promptly notify each Stockholder of the termination of
the Merger Agreement promptly after the termination of such agreement. The representations and warranties contained in this Agreement and in any certificate or other writing delivered pursuant hereto shall not survive the Closing or the termination
of this Agreement. This Section 6 shall survive the termination of this Agreement. 
 7. Miscellaneous. 

(a) Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated. 

(b) All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to
have been duly given upon receipt) by delivery in person, by e-mail or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses or e-mail addresses (or at such other address or email address for a party as shall be specified in a notice given in accordance with this Section 7(b)): 

If to Kaleyra, to it at: 

Kaleyra, Inc. 

1731 Embarcadero Rd., Suite 200 

Palo Alto, CA 94303 

Attention:     Dr. Avi Katz, Executive Chairman 

Email:           avi@gigcapitalglobal.com 

with a copy to: 

DLA Piper LLP (US) 

555 Mission Street 

Suite 2400 

San Francisco, CA 94105 

Attention:     Jeffrey Selman; John Maselli 

Email:           jeffrey.selman@us.dlapiper.com;
john.maselli@us.dlapiper.com 
 If to a Stockholder, to the address or email address set forth for Stockholder on the signature page hereof.

  
 3 

 (c) If any term or other provision of this Agreement is invalid, illegal or incapable of
being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not
affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

(d) This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior
agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise), by any party
without the prior express written consent of the other parties hereto except as permitted by Section 3. 
 (e) This Agreement shall be
binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of
this Agreement. No Stockholder shall be liable for the breach by any other Stockholder of this Agreement. 
 (f) The parties hereto agree
that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof in addition to any other remedy
at law or in equity. 
 (g) This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware
applicable to contracts executed in and to be performed in that State. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any Delaware Chancery Court. The parties hereto hereby (i) submit to
the exclusive jurisdiction of the Delaware Chancery Court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive, and agree not to assert by way of motion, defense, or
otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that
the venue of the Action is improper, or that this Agreement or the transactions contemplated hereunder may not be enforced in or by any of the above-named courts. 

(h) This Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in counterparts, and
by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

(i) At the request of Kaleyra, in the case of any Stockholder, or at the request of any Stockholder, in the case of Kaleyra, and without
further consideration, each party shall execute and deliver or cause to be executed and delivered such additional documents and instruments and take such further action as may be reasonably necessary to implement the provisions of this Agreement.

 (j) This Agreement shall not be effective or binding upon any Stockholder until after such time as the Plan of Merger is executed and
delivered by the Company, Kaleyra and Merger Sub. 
 (k) Each of the parties hereto hereby waives to the fullest extent permitted by
applicable law any right it may have to a trial by jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the parties hereto (i) certifies that
no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in 

  
 4 

 
the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that it and the other parties hereto have been induced to enter into this Agreement and
the transactions contemplated hereby, as applicable, by, among other things, the mutual waivers and certifications in this Section 7(k). 

[Signature pages follow] 

  
 5 

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

			
	KALEYRA, INC.
		
	By:	 	 /s/ Dario Calogero

			
	Name:	 	Dario Calogero

 
			
	Title:	 	Chief Executive Officer

  
  

 
 Signature page to Stockholder Support Agreement 

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

			
	GSO MAK FUND LP
		
	By:	 	Blackstone Liquid Credit Advisors I LLC,

 
			
	Its Management Company
		
	By:	 	 /s/ Marisa Beeney

			
	Name:	 	Marisa Beeney

 
			
	Title:	 	Authorized Signatory

 
			
		
	Address:	 	345 Park Avenue
		 	New York, NY 10154

 
			
	
	GSO SPECIAL SITUATIONS MASTER FUND LP
		
	By:	 	Blackstone Alternative Credit Advisors LP,
	Its Investment Manager
		
	By:	 	 /s/ Marisa Beeney

			
	Name:	 	Marisa Beeney

 
			
	Title:	 	Authorized Signatory

 
			
		
	Address:	 	345 Park Avenue
		 	New York, NY 10154

  
  

Signature page to Stockholder Support Agreement 

 EXHIBIT A 

 

					
	 Stockholder Name
	  	Shares of Company
Common Stock	 
	 GSO MAK FUND LP
	  	 	43,389	 
	 GSO SPECIAL SITUATIONS MASTER FUND LP
	  	 	1,268,880	 

 EXHIBIT B 

Agreement and Plan of Merger 

[see attached]

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