Document:

Indoor Harvest Corp. 8-K

Exhibit 10.3

 

INDEMNITY AGREEMENT

 

This Indemnity Agreement, effective
as of February 20, 2018, is made by and between Indoor Harvest Corp, a Texas corporation with executive offices located at
5300 East Freeway, Suite A, Houston, Texas, 77020 (the “Company”), and Daniel Weadock and Chief Operations Officer
of the Company (the “Indemnitee”).

 

RECITALS

 

A. The Company
is aware that competent and experienced persons are increasingly reluctant to serve as directors or officers of cannabis related
corporations unless they are protected by comprehensive liability insurance or indemnification, due to increased exposure to litigation
costs and risks resulting from their service to such cannabis related corporations, and due to the fact that the exposure frequently
bears no reasonable relationship to the compensation of such directors and officers;

 

B. The statutes
and judicial decisions regarding the duties of directors and officers are often difficult to apply, ambiguous, or conflicting,
and therefore fail to provide such directors and officers with adequate, reliable knowledge of legal risks to which they are exposed
or information regarding the proper course of action to take;

 

C. Plaintiffs
often seek damages in such large amounts and the costs of litigation may be so substantial (whether or not the case is meritorious),
that the defense and/or settlement of such litigation is often beyond the personal resources of officers and directors;

 

D. The Company
believes that it is unfair for its directors and officers and the directors and officers of its subsidiaries to assume the risk
of large judgments and other expense that may be incurred in cases in which the director or officer received no personal profit
and in cases where the director or officer was not culpable;

 

E. The Company
recognizes that the issues in controversy in litigation against a director or officer of a corporation such as the Company or a
subsidiary of the Company are often related to the knowledge, motives and intent of such director or officer, that he or she is
usually the only witness with knowledge of the essential facts and exculpating circumstances regarding such matters and that the
long period of time which usually elapses before the trial or other disposition of which litigation often extends beyond the time
that the director or officer can reasonably recall such matters; and may extend beyond the normal time for retirement or in the
event of his or her death, his or her spouse, heirs, executors or administrators, may be faced with limited ability and undue hardship
in maintaining an adequate defense, which may discourage such a director or officer from serving in that position;

 

F. Based upon
their experience as business managers, the Board of Directors of the Company (the “Board”) has concluded that, to retain
and attract talented and experienced individuals to serve as officers and directors of the Company and its subsidiaries and to
encourage such individuals to take the business risks necessary for the success of the Company and its subsidiaries, it is necessary
for the Company to contractually indemnify its officers and directors and the officers and directors of its subsidiaries, and to
assume for itself maximum liability for expenses and damages in connection with claims against such officers and directors in connection
with their service to the Company and its subsidiaries, and has further concluded that the failure to provide such contractual
indemnification could result in great harm to the Company and its subsidiaries and the Company’s stockholders;

 

G. Section 8.101
of the Business Organizations Code of Texas, under which the Company is organized (“Section 8 of BOC”), empowers the
Company to indemnify by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company,
as directors, officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification
provided by Section 8 of BOC is not exclusive;

 

H. The
Company, after reasonable investigation prior to the date hereof, has determined that the liability insurance coverage
available to the Company and its subsidiaries as of the date hereof is inadequate and/or unreasonably expensive. The Company
believes, therefore, that the interest of the Company’s stockholders would best be served by a combination of such
insurance as the Company may obtain, or request a subsidiary to obtain, pursuant to the Company’s obligations
hereunder, and the indemnification by the Company of the directors and officers of the Company and its subsidiaries;

 

    

     

    

 

I. The Company
desires and has requested the Indemnitee to serve or continue to serve as a director or officer of the Company and/or the subsidiaries
of the Company free from undue concern for claims for damages arising out of or related to such services to the Company and/or
a subsidiary of the Company; and

 

J. The Indemnitee
is willing to serve, or to continue to serve, the Company and/or the subsidiaries of the Company, provided that he or she is furnished
the indemnity provided for herein.

 

AGREEMENT

 

NOW, THEREFORE,
the parties hereto, intending to be legally bound, hereby agree as follows:

 

1. Definitions.

 

(a) Agent. For
the purposes of this Agreement, “agent” of the Company means any person who is or was a director, officer, employee
or other agent of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of or
to represent the interest of the Company or a subsidiary of the Company as a director, officer, employee or agent of another foreign
or domestic corporation, partnership, joint venture, trust or other enterprise; or was a director, officer, employee or agent of
a foreign or domestic corporation which was a predecessor corporation of the Company or a subsidiary of the Company, or was a director,
officer, employee or agent of another enterprise at the request of, for the convenience of or to represent the interests of such
predecessor corporation.

 

(b) Expenses. For
purposes of this Agreement, “expenses” includes all direct and indirect costs of any type or nature whatsoever (including,
without limitation, all attorneys’ fees and related disbursements, and other out-of-pocket costs) actually and reasonably
incurred by the Indemnitee in connection with either the investigation, defense or appeal of a proceeding or establishing or enforcing
a right to indemnification under this Agreement.

 

(c) Proceeding. For
the purposes of this Agreement, “proceeding” means any threatened, pending, or completed action, suit or other proceeding,
whether civil, criminal, administrative, investigative or any other type whatsoever, by reason of the fact that the Indemnitee
is or was an agent of the Company, or any of the Company’s Subsidiaries or affiliates, or by reason of anything done or not
done by him or her in any such capacity..

 

(d) Subsidiary. For
purposes of this Agreement, “subsidiary” means any corporation of which more than 50% of the outstanding voting securities
is owned directly or indirectly by the Company, by the Company and one or more other subsidiaries, or by one or more other subsidiaries.

 

2. Agreement to
Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at its will (or under separate agreement,
if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the Company, so long as he or she is
duly appointed or elected and qualified in accordance with the applicable provisions of the Bylaws of the Company or any subsidiary
of the Company or until such time as he or she tenders his resignation in writing or he or she is removed from such position, provided,
however, that nothing contained in this Agreement is intended to create any right to continued employment by the Indemnitee.

 

3. Maintenance of
Liability Insurance.

 

(a) The Company
hereby covenants and agrees that, so long as the Indemnitee shall continue to serve as an agent of the Company and thereafter
so long as the Indemnitee shall be subject to any possible proceeding by reason of the fact that the Indemnitee was an agent
of the Company, the Company, subject to Section 3(b), shall use reasonable efforts to obtain and maintain in full force
and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable amounts
from established and reputable insurers.

 

    

     

    

 

(b) Notwithstanding the
foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith
that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage
provided, the coverage is reduced by exclusions so as to provide an insufficient benefit, or the Indemnitee is covered by similar
insurance maintained by a subsidiary of the Company. If the Company decides in good faith that D&O insurance is not required,
the Company is required to notify the Indemnity in writing and in advance of any decision to cancel D&O Insurance

 

4. Mandatory Indemnification. The
Company shall indemnify the Indemnitee from:

 

(a) Third Party
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding (other than
an action by or in the right of the Company) by reason of the fact that he or she is or was an agent of the Company, or by reason
of anything done or not done by him or her in any such capacity, against any and all expenses and liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) actually and
reasonably incurred by him or her in connection with the investigation, defense, settlement or appeal of such proceeding if he
or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company,
and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful; and

 

(b) Derivative Actions. If
the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by or in the right of the
Company to procure a judgment in its favor by reason of the fact that he or she is or was an agent of the Company, or by reason
of anything done or not done by him or her in any such capacity, against any amounts paid in settlement of any such proceeding
and all expenses actually and reasonably incurred by him or her in connection with the investigation, defense, settlement, or appeal
of such proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the
best interests of the Company; except that no indemnification under this subsection shall be made in respect of any claim, issue
or matter as to which such person shall have been finally adjudged to be liable to the Company after the time for an appeal has
expired by a court of competent jurisdiction due to willful misconduct of a culpable nature in the performance of his or her duty
to the Company unless and only to the extent that the court in which such proceeding was brought shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such amounts which the court shall deem proper; and

 

(c) Actions
Where Indemnitee is Deceased. If the Indemnitee is a person who was or is a party or is threatened to be made a
party to any proceeding by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done
or not done by him or her in any such capacity, against any and all expenses and liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) actually
and reasonably incurred by him or her in connection with the investigation, defense, settlement or appeal of such proceeding
if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests
of the Company, and prior to, during the pendency or after completion of such proceeding the Indemnitee is deceased, except
that in a proceeding by or in the right of the Company no indemnification shall be due under the provisions of this
subsection in respect of any claim, issue or matter as to which such person shall have been finally adjudged to be liable to
the Company after the time for an appeal has expired, by a court of competent jurisdiction due to willful misconduct of a
culpable nature in the performance of his or her duty to the Company, unless and only to the extent that the court in which
such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such amounts which the court
shall deem proper; and

 

    

     

    

 

(d) Exception for
Amounts Covered by Insurance. Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee
for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fees, ERISA excise taxes or penalties,
and amounts paid in settlement) which have been paid directly to Indemnitee under D&O Insurance.

 

5. Partial Indemnification. If
the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of any
expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties,
and amounts paid in settlement) incurred by him or her in the investigation, defense, settlement or appeal of a proceeding but
not entitled, however, to indemnification for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee
for such total amount except as to the portion thereof to which the Indemnitee is not entitled.

 

6. Mandatory Advancement
of Expenses. Subject to Section 10 below, the Company shall advance all expenses incurred by the Indemnitee in connection
with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened to
be made a party by reason of the fact that the Indemnitee is or was an agent of the Company or by reason of anything done or not
done by him or her in any such capacity. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent
that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company as authorized hereby.
The advances to be made hereunder shall be paid by the Company to the Indemnitee within twenty (20) days following delivery
of a written request therefor by the Indemnitee to the Company.

 

7. Notice and Other
Indemnification Procedures.

 

(a) Promptly after receipt
by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if the
Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company
of the commencement or threat of commencement thereof.

 

(b) If, at the time of the
receipt of a notice of the commencement of a proceeding pursuant to Section 7(a) hereof, the Company has D&O Insurance
in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures
set forth in the respective policies. 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 policies.

  

8. Determination
of Right to Indemnification.

 

(a) To the extent the Indemnitee
has been successful on the merits or otherwise in defense of any proceeding referred to in Section 4(a), 4(b) or 4(c) of this
Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee against
expenses actually and reasonably incurred by him or her in connection therewith.

 

(b) In the event that Section 8(a)
is inapplicable, the Company shall also indemnify the Indemnitee unless, and only to the extent that, the Company shall prove by
clear and convincing evidence to a forum listed in Section 8(c) below that the Indemnitee has not met the applicable standard
of conduct required to entitle the Indemnitee to such indemnification.

 

    

     

    

 

(c) The Indemnitee shall
be entitled to select the forum in which the validity of the Company’s claim under Section 8(b) hereof that the Indemnitee
is not entitled to indemnification will be heard from among the following:

 

(1) A quorum of the Board
consisting of directors who are not parties to the proceeding for which indemnification is being sought;

 

(2) The stockholders of
the Company;

 

(3) Legal counsel selected
by the Indemnitee and reasonably approved by the Board, which counsel shall make such determination in a written opinion;

 

(4) A panel of three arbitrators,
one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last of whom is selected by the first
two arbitrators so selected.

 

(d) As soon as practicable,
and in no event later than 30 days after written notice of the Indemnitee’s choice of forum pursuant to Section 8(c)
above, the Company shall, at its own expense, submit to the selected forum in such manner as the Indemnitee or the Indemnitee’s
counsel may reasonably request, its claim that the Indemnitee is not entitled to indemnification; and the Company shall act in
the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.

 

(e) Notwithstanding a determination
by any forum listed in Section 8(c) hereof that the Indemnitee is not entitled to indemnification with respect to a specific
proceeding, the Indemnitee shall have the right to apply to a Texas District Court, the court in which that proceeding is or was
pending or any other court of competent jurisdiction, for the purpose of enforcing the Indemnitee’s right to indemnification
pursuant to the Agreement.

 

(f) The Company shall indemnify
the Indemnitee against all expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Section 8
involving the Indemnitee and against all expenses incurred by the Indemnitee in connection with any other proceeding between the
Company and the Indemnitee involving the interpretation or enforcement of the rights of the Indemnitee under this Agreement unless
a court of competent jurisdiction finds that each of the material claims and/or defenses of the Indemnitee in any such proceeding
was frivolous or not made in good faith.

 

9. Limitation
of Actions and Release of Claims. No proceeding shall be brought and no cause of action shall be asserted by or on
behalf of the Company or any subsidiary against the Indemnitee, his or her spouse, heirs, estate, executors or administrators
after the expiration of one year from the act or omission of the Indemnitee upon which such proceeding is based; however, in
a case where the Indemnitee fraudulently conceals the facts underlying such cause of action, no proceeding shall be brought
and no cause of action shall be asserted after the expiration of one year from the earlier of (i) the date the Company
or any subsidiary of the Company discovers such facts, or (ii) the date the Company or any subsidiary of the Company
could have discovered such facts by the exercise of reasonable diligence. Any claim or cause of action of the Company or any
subsidiary of the Company, including claims predicated upon the negligent act or omission of the Indemnitee, shall be
extinguished and deemed released unless asserted by filing of a legal action within such period. This Section 9 shall
not apply to any cause of action which has accrued on the date hereof and of which the Indemnitee is aware on the date
hereof, but as to which the Company has no actual knowledge apart from the Indemnitee’s knowledge.

 

10. Exceptions. Any
other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:

 

(a) Claims Initiated
by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right
to indemnification under this Agreement or any other statute or law or otherwise as required under Section 8, but such indemnification
or advancement of expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate;
or

 

    

     

    

 

(b) Lack of Good
Faith. To indemnify the Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding instituted
by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material
assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous; or

 

(c) Unauthorized
Settlements. To indemnify the Indemnitee under this Agreement for any amounts paid in settlement of a proceeding unless
the Company consents to such settlement; or

 

(d) Claims by the
Company for Willful Misconduct. To indemnify or advance expenses to the Indemnitee under this Agreement for any expenses
incurred by the Indemnitee with respect to any proceeding or claim brought by the Company against the Indemnitee for willful misconduct,
unless a court of competent jurisdiction determines that each of such claims was not made in good faith or was frivolous; or

 

(e) Section 16(b).
To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities
in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; or

 

(f) Willful Misconduct. To
indemnify the Indemnitee on account of the Indemnitee’s conduct which is finally adjudged to have been knowingly fraudulent
or deliberately dishonest, or to constitute willful misconduct; or

 

(g) Unlawful Indemnification. To
indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine that such indemnification
is not lawful; or

 

(h) Forfeiture of
Certain Bonuses and Profits. To indemnify Indemnitee for the payment of amounts required to be reimbursed to the Company pursuant
to Section 304 of the Sarbanes-Oxley Act of 2002, as amended, or any similar successor statute.

 

11. Nonexclusivity. The
provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any
other rights which the Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or
Bylaws, the vote of the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to
actions in his or her official capacity and to actions in another capacity while occupying his or her position as an agent of
the Company, and the Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as an agent of
the Company and shall inure to the benefit of the heirs, executors and administrators of the Indemnitee.

 

12. Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to the Indemnitee to the fullest extent now or hereafter permitted by law.

 

13. Severability. If
any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
(i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that
are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the
fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal
or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable
and to give effect to Section 12 hereof.

 

    

     

    

 

14. 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 provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

15. Successors and
Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors, heirs, executors,
and administrators and assigns of the parties hereto.

 

16. Notice. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee or (ii) if mailed by certified or registered mail with postage
prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page
of this Agreement, or as subsequently modified by written notice.

 

17. Governing Law. This
Agreement shall be governed exclusively by and construed according to the laws of the State of Texas, as applied to contracts between
Texas residents entered into and to be performed entirely within Texas.

 

18. Consent to Jurisdiction. The
Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Texas for all purposes
in connection with any action or proceeding which arises out of or relates to this Agreement.

  

The parties hereto
have entered into this Indemnity Agreement effective as of the date first above written.

  

	 	INDOOR HARVEST CORP
	 	 	 
	 	By:	/s/
    Rick Gutshall
	 	 	 
	 	Its:	Interim CEO
	 	 
	 	INDEMNITEE: 
	 	 
	 	Daniel WeadockExhibit

Exhibit 10.1

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

This Amended and Restated Executive Employment Agreement (the “Agreement”) is entered into by and between ARC Document Solutions, Inc. (formerly known as American Reprographics Company), a Delaware corporation (“ARC”), as the employer, and Kumarakulasingam Suriyakumar, a resident of California, an individual (“Executive”), as the employee, on February 22, 2018, effective as of February 9, 2018 (the “Effective Date”). 
RECITALS
WHEREAS, ARC and Executive entered into an Amended and Restated Employment Agreement effective as of February 9, 2014, under which Executive is employed as Chief Executive Officer and President of ARC.  
WHEREAS, the parties now wish to amend and restate the Agreement as of the Effective Date.
Now, therefore, in consideration of the promises, covenants and agreements set forth in this Agreement, the parties agree as follows: 
1.Position and Duties 
(a)ARC employs Executive as its President and Chief Executive Officer, and Executive agrees to serve ARC in such capacity, upon the terms and conditions set forth herein. 
(b)Executive shall report to the Board of Directors of ARC (“Board”).  Executive’s primary responsibilities shall be (i) to be responsible for developing long range corporate goals and for creating strategies to achieve those goals, for general corporate development, and for mergers and acquisitions, (ii) to perform other duties commonly incident to the office of Chief Executive Officer and President of a publicly traded company, and (iii) to perform such other duties and have such other powers as the Board shall designate from time to time.  Executive shall have the authority generally incident and necessary to perform such duties.  Executive will be the head of ARC’s executive team.

(c)During the term of this Agreement, Executive will devote substantially all of his employment time and attention to the affairs of ARC and use his best efforts to promote the business and interests of ARC.  Executive owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of ARC, and not to do any act which would injure the business, interests, or reputation of ARC or any of its subsidiaries or affiliates. 
2.Term 
The term of this Agreement shall commence on the Effective Date hereof and continue until February 9, 2021 unless otherwise terminated in accordance with the provisions hereof; provided, however, that this Agreement will automatically be extended on a year-to-year basis on the terms and conditions set forth herein, including the bonus provisions of Section 3(b), unless either party gives written notice to the other at least one hundred twenty (120) days prior to the expiration of the term of this Agreement, which includes any extensions, that this Agreement shall terminate at the end of such term, or extension thereof.   
3.Direct Compensation 
In consideration of the services to be provided by Executive, Executive shall receive compensation, less all applicable taxes, social security payments and other items that ARC is required by law to withhold or deduct therefrom, as follows: 
(a)Base Salary.  Executive’s annual Base Salary shall be $800,000, payable in installments in accordance with ARC’s customary payroll procedures.
(b)Incentive Bonus.  During the term of this Agreement, Executive shall be eligible to receive an annual Incentive Bonus (“Incentive Bonus”) based on performance measures established by the Compensation Committee of ARC’s Board of Directors (the “Committee”) within the first 90 days of the calendar year.  The target amount of each Incentive Bonus shall not exceed one hundred percent (100%) of Executive’s Base Salary per year, with a maximum potential payment of one hundred fifty percent (150%) of Executive’s Base Salary per year, in each case contingent upon achievement of performance criteria to be established by the Committee in consultation with Executive and approved by 

the Committee.  Except as otherwise provided in this Agreement, Executive shall not be entitled to payment of an Incentive Bonus unless he remains continuously employed through the last day of the fiscal year to which such bonus relates.  To the extent earned, the Incentive Bonus shall be paid no later than March 15th after the close of each fiscal year. The Incentive Bonus as recommended and approved by the Compensation Committee shall be paid in cash or shares of ARC common stock (such shares to be paid in either or both restricted shares or options as approved by the Compensation Committee) or a mix of cash and shares.  To the extent that such Incentive Bonus is paid in shares of ARC common stock, such shares shall be issued forthwith after approval by the Compensation Committee at its first meeting in the fiscal year following the close of the fiscal year to which such Incentive Bonus relates, but in no event shall such shares be issued later than two and one-half months after the close of such fiscal year; provided, however, that as a condition to receiving restricted shares of ARC common stock, Executive must deposit with ARC on the date of issuance cash in the amount, if any, by which the total of employee withholding taxes required to be withheld with respect to the entire Incentive Bonus exceeds the cash portion of the Incentive Bonus available for withholding.  Unless the Compensation Committee elects otherwise, the Incentive Bonus shall be paid pursuant to the terms of the ARC 2014 Stock Incentive Plan.  The shares of ARC common stock shall vest in equal installments of one third (1/3) on each of the first three anniversaries of the date of grant, subject to Executive’s continued employment with ARC on each vesting date.  To be eligible to receive an Incentive Bonus, Executive must have been employed by ARC during the entire fiscal year to which such Incentive Bonus relates. 
4.General Benefits
During the term of this Agreement, Executive shall be entitled to other benefits provided by ARC to its senior executives from time to time, including but not limited to, 401(k) and other retirement plans, deferred compensation, paid holidays, sick leave and other similar benefits.  Executive shall be entitled to 4 weeks paid vacation each calendar year accrued and vested in accordance with ARC’s vacation policy applicable to senior management.  

5.Stock Plans        
In the sole discretion of the Board of Directors of ARC, Executive shall be eligible to participate in stock option, stock purchase, stock bonus and similar plans of ARC established from time to time by ARC. 
6.Group Insurance or Benefit Plans
(a)During the term of this Agreement, Executive shall be automatically covered by ARC group insurance programs (including any self-insured programs sponsored by ARC), including medical, dental, vision, disability, and life, if any.  Executive’s spouse and children which are eligible for coverage may join the insurance programs, subject to ARC’s policies and applicable laws.  The premiums for all insurance programs for Executive and Executive’s spouse and eligible children shall be paid by ARC.  
(b)Provided that this Agreement has not terminated under Section 11(c) or (f), ARC shall continue to provide to Executive, Executive’s spouse and Executive’s eligible children, at no expense to either, medical insurance coverage under the same group insurance or ARC-sponsored self-insurance, or equivalent coverage, as is provided from time to time to ARC’s senior executives.  Such coverage shall continue until the first to occur of (i) medical insurance coverage being available through another employer, or (ii), in the case of Executive’s eligible children, the termination of eligibility under ARC’s policies and applicable laws, or (iii) in the cases of Executive and his spouse, qualification, in each instance, for Medicare coverage.  
7.Special Benefits
Executive shall be allowed additional employer-paid benefits of his choice (“Special Benefits”), including the lease of automobiles, social, golf or athletic club memberships and other benefits not specifically provided for in this Agreement, provided, however, that the annual cost to ARC shall not exceed $10,000.   Any employer taxes imposed upon ARC by reason of the furnishing of such Special Benefits shall be included in the annual $10,000 limitation.  Any unused allowance for Special Benefits shall not be carried over to a subsequent year.

8.Reimbursement of Business Related Expenses.  
Executive shall be entitled to receive prompt reimbursement for reasonable expenses incurred by him in performing services hereunder during the term of this Agreement in accordance with the policies and procedures then in effect and established by ARC for its employees.  Executive may, at his discretion, fly business class or first class on all airplane flights of more than one (1) hour if Executive deems such to be appropriate for the conduct of his duties.  In addition to the Special Benefits set forth in Section 7 above, Executive shall also be entitled to reimbursement of Executive membership dues and related ongoing costs of appropriate professional organizations which are approved by the Board. 
9.Obligations and Restrictive Covenants.
(a)Obligations.  During the term of this Agreement, Executive shall not engage in any other employment, occupation or consulting activity for any direct or indirect remuneration.  This obligation shall not preclude Executive from:  (i) serving in any volunteer capacity with any professional, community, industry, civic, educational or charitable organization; (ii) serving as a member of corporate boards of directors, provided that the Board has given written consent, and these activities or services do not materially interfere or conflict with Executive’s responsibilities or ability to perform his duties under this Agreement; or (iii) engaging in personal investment activities for himself and his family which do not interfere with the performance of his duties and obligations hereunder. 
(b)Non-Competition; Non-Solicitation.  The Parties hereto recognize that Executive’s services are unique and the restrictive covenants set forth in this Section 9 are essential to protect the business (including trade secret and other confidential information disclosed by ARC to, learned by or developed by Executive during the course of employment by ARC) and the good will of ARC.  For purposes of this Section 9, all references to “ARC” shall include ARC’s predecessors, subsidiaries and affiliates.  As part of the consideration for the compensation and benefits to be paid to Executive hereunder, during the term of this Agreement Executive shall not: 

(i)Engage in any business similar or related to or competitive with the business conducted by ARC described from time to time in ARC’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “Core Business of ARC”); 
(ii)Render advice or services to, or otherwise assist, any other person, association, corporation, or other entity that is engaged, directly or indirectly, in any business similar or related to, or competitive with, the Core Business of ARC; 
(iii)Transact any business in any manner with or pertaining to suppliers or customers of ARC which, in any manner, would have, or is likely to have, an adverse effect upon the Core Business of ARC; or 
(iv)Induce any employee of ARC to terminate his or her employment with ARC, or hire or assist in the hiring of any such employee by any person or entity not affiliated with ARC. 
For purposes of this Agreement, “affiliate” shall mean any entity which owns or controls, is owned or controlled by, or is under common ownership or control, with ARC. 
10.Confidentiality 
Executive acknowledges that it is the policy of ARC to maintain as secret and confidential all valuable and unique information heretofore or hereafter acquired, developed or used by ARC relating to the business, operations, employees and customers of ARC , which information gives ARC a competitive advantage in the industry, and which information includes technical knowledge, know-how or trade secrets and information concerning operations, sales, personnel, suppliers, customers, costs, profits, markets, pricing policies, and other confidential information and materials (the “Confidential Information”). 
(a)Non-Disclosure.  Executive recognizes that the services to be performed by Executive are special and unique, and that by reason of his duties he will be given, acquire or learn Confidential Information.  Executive recognizes that all such Confidential Information is the sole and exclusive property of ARC.  Executive shall not, either during or after his employment by 

ARC, disclose the Confidential Information to anyone outside ARC or use the Confidential Information for any purpose whatsoever, other than for the performance of his duties hereunder, except as authorized by ARC in connection with performance of such duties. 
(b)Return of Confidential Information.  Executive shall deliver promptly upon termination of employment with ARC, or at any time requested by ARC, all memos, notes, records, reports, manuals, drawings, and any other documents, whether in electronic form or otherwise, containing any Confidential Information, including without limitation all copies of such materials in any format which Executive may then possess or have under his control. 
(c)Ownership of Inventions; Assignment of Rights.   Executive agrees that all information, inventions, intellectual property, trade secrets, copyrights, trademarks, content, know-how, documents, reports, plans, proposals, marketing and sales plans, client lists, client files and materials made by him or by ARC (the “Work Product”) are the property of ARC and shall not be used by him in any way adverse to the interests of ARC.  Executive assigns to ARC any and all rights of every nature which Executive may have in any such Work Product; provided, however, that such assignment does not apply to any right which qualifies fully under California Labor Code Section 2870.  This section shall survive any termination of this Agreement and the employment relationship between Executive and ARC.  Executive shall not deliver, reproduce or in any way allow such documents or things to be delivered or used by any third party without specific direction or consent of the Board.  Likewise, Executive shall not disclose to ARC, use in ARC’s business, or cause ARC to use, any information or material that is a trade secret of others. 
(d)Predecessors, Subsidiaries and Affiliates.   For purposes of this Section 10, references to ARC include its predecessors, subsidiaries and affiliates.
11.Termination. 
Notwithstanding any other term or provision contained in this Agreement, this Agreement and the employment hereunder will terminate prior to the expiration of the term of this Agreement under the following circumstances: 

(a)Death.   Upon Executive’s death.
(b)Disability.  Upon Executive becoming “Permanently Disabled”, which, for purposes of this Agreement, shall mean Executive’s incapacity due to physical or mental illness or cause, which, in the written opinion of Executive’s regular licensed physician, results in the Executive being unable to perform his duties on a full-time basis for 6 months during a period of 12 months. 
(c)Termination by ARC for Cause.  Upon written notice to Executive, ARC may terminate this Agreement for Cause, which, for purposes of this Agreement, shall mean termination by action of the Board in its reasonable discretion because of Executive’s: 
(i)willful refusal without proper cause to perform (other than by reason of physical or mental disability or death) the duties set forth in this Agreement or delegated from time to time in writing by the Board, which remains uncorrected for 30 days following written notice to Executive by the Board; or
(ii)gross negligence, self dealing or willful misconduct of Executive in connection with the performance of his duties hereunder, including, without limitation, misappropriation of funds or property of ARC or its subsidiaries or affiliates, securing or attempting to secure personally any profit in connection with any transaction entered into on behalf of ARC or its subsidiaries or affiliates, or any willful act or gross negligence having the effect of injuring the reputation, business or business relationships of ARC or its subsidiaries or affiliates; or 
(iii)fraud, dishonesty or misappropriation of ARC business and assets that harms the business of ARC or its subsidiaries or affiliates; or
(iv)habitual insobriety, abuse of alcohol, abuse of prescription drugs, or use of illegal drugs; or
(v)engaging in any criminal activity involving moral turpitude; or
(vi)indictment or being held for trial in connection with a misdemeanor involving moral turpitude or any felony; or

(vii)conviction of a felony or entry into a guilty plea that negatively reflects on Executive’s fitness to perform the duties or harms the reputation or business of ARC or its subsidiaries or affiliates; or
(viii)any material breach of any covenants under this Agreement or other material policy of ARC, other than under clauses (i) through (vii) of this Section 11(c) which remains uncorrected for 30 days following written notice to Executive by the Board. 
(d)Termination by ARC without Cause.   Upon written notice to Executive, ARC may terminate this Agreement at any time without any Cause or reason whatsoever. 
(e)Termination by Executive with Good Reason.  Upon written notice to ARC of any of the following “Good Reasons,” and the failure of ARC to correct the reduction, change or breach within 30 days after receipt of such notice, Executive may terminate this Agreement after the occurrence of
(i)a material change by ARC in the nature of Executive’s title, duties, authorities and responsibilities set forth in this Agreement without Executive’s express written consent; or
(ii)a reduction in the nature of Executive’s compensation as established under this Agreement, without Executive’s express written consent; or 
(iii)a material breach by ARC of any material sections of this Agreement, other than as set forth in clauses (i) and (iii) of this Section 11(e); or
(iv)a Change of Control, as defined in Section 11(g), as a result of which Executive is not offered the same or comparable position in the surviving company, or is offered such position but within twelve (12) months after Executive accepts such position, Executive’s employment is terminated either without cause or for a Good Reason described in subsections  (i) or (ii) of this Section 11(e) or in subsection (iii) as to the employment agreement then applicable to Executive.

(f)Termination by Executive without Good Reason.  Upon 45 days prior written notice to ARC, Executive may terminate this Agreement and resign from Executive’s employment hereunder without any Good Reason. 
(g)Change of Control.   
(i)For purposes of this Agreement, “Change of Control” shall mean: 
(A)ARC merges or consolidates with any other corporation (other than one of ARC’s subsidiaries), as a result of which ARC is not the surviving company, or the shares of ARC voting stock outstanding immediately after such transaction do not constitute, become exchanged for or converted into, more than 50% of the Voting Shares of the merged or consolidated company (as defined below); 
(B)ARC sells or otherwise transfers or disposes of all or substantially all of its assets; 
(C)Any third person or entity shall become the Beneficial Owner, as defined by Rule 13(d)-3 under the Securities Exchange Act of 1934, in one transaction or a series of related transactions within any 12 month period, of at least 50% of the Voting Shares of ARC’s then outstanding voting securities. 
(ii)For purposes of this Agreement, “Voting Shares” shall mean the combined voting securities entitled to vote in the election of directors of a corporation, including ARC, or the merged, consolidated or surviving company, if other than ARC. 
12.Severance Benefits 
(a)Basic Benefits.  Upon expiration or termination of this Agreement for any reason, and subject to the provisions of Section 12(e), Executive will be entitled to: (i) payment for all Base Salary and unused vacation accrued and prorated, but unpaid, as of the effective date of termination, provided that payment for such amounts will be made no later than 30 days after the effective date of termination, (ii) payment, when due, of any earned but unpaid Incentive Bonus for the preceding fiscal year, (iii) any unreimbursed business expenses authorized by this Agreement, provided that such 

reimbursement will be paid to Executive no later than 30 days after the effective date of termination, (iv) continuation of any benefits under Section 6(a) as required by applicable law (e.g., COBRA), and (v) such rights as then exist with respect to then vested stock options, restricted stock or other rights under similar plans.
(b)Termination by ARC for Cause or by Executive without Good Reason.   If this Agreement and Executive’s employment hereunder is terminated by ARC for Cause pursuant to Section 11(c), or by Executive without Good Reason pursuant to Section 11(f), Executive shall not be entitled to any additional payments or benefits hereunder. 
(c)Termination by ARC without Cause; Termination by Executive with Good Reason.  If this Agreement and Executive’s employment hereunder is terminated by ARC without Cause pursuant to Section 11(d), or by Executive for Good Reason as defined in Section 11(e), subject to Executive’s compliance with the provisions of Section 15 below, Executive shall receive the following additional payments or benefits: 
(i)Executive’s then Base Salary paid as and when due as if this Agreement had remained in effect until the end of the 2-year period beginning on such termination date; 
(ii)Continuation of coverage and premium payments by ARC under ARC’s group insurance programs for Executive and his eligible family members under Section 6(a) if this Agreement had not been terminated, and thereafter under Section 6(b) in accordance with the provisions of such Section; 
(iii)Continuation of the Special Benefits under Section 7 of this Agreement if this Agreement had remained in effect until the end of the 2-year period beginning on such termination date; and
(iv)All unvested stock options, restricted stock or similar rights granted to Executive shall accelerate and become vested and exercisable immediately as of the effective date of termination.

(d)Termination because of Death or Disability of Executive.  If this Agreement and Executive’s employment hereunder is terminated under Sections 11(a) or (b) by reason of Executive’s death or by reason of being Permanently Disabled, Executive or his family shall be entitled to the additional benefits described in Section 12(c)(ii) above. 
(e)Parachute Payments.  In the event that the severance, acceleration of stock options and other benefits provided for in this Agreement or otherwise payable to Executive (i) constitute "parachute payments" within the meaning of Section 280G (as it may be amended or replaced) of the Internal Revenue Code of 1986, as amended or replaced (the "Code”) and (ii) but for this Section 12(e), would be subject to the excise tax imposed by Section 4999 (as it may be amended or replaced) of the Code (the "Excise Tax"), then Executive's benefits hereunder shall be either:
(i)provided to Executive in full; or 
(ii)provided to Executive only as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by Executive on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Unless ARC and Executive otherwise agree in writing, any determination required under this Section 12(e) shall be made in writing in good faith by ARC’s tax advisors (the "Accountants").  For purposes of making the calculations required by this Section 12(e), the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of the Code.  ARC and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 12(e).  ARC shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 12(e). 
(f)409A Compliance.

(i)6-Month Delay Rule.  Except as provided in paragraph (ii) below, in the event that Executive is a “specified employee” (as defined in Section 409A(a)(2)(B)(i) of the Code and regulations thereunder) at the time of the termination of his employment with ARC, payment of all amounts subject to Section 409A of the Code that would otherwise be made under Section 12 of this Agreement, including any installments, may not be paid before a date that is six months and two days after the date of termination from employment (including death).  Such amounts that otherwise would have been paid during such six-month period will be paid as of the date that is six months and two days after the date of employment termination. 
(ii)Exception.  In the event that payment of amounts under Section 12 of this Agreement at the time(s) of payment specified under its terms (without regard to this Section 12(f)) does not cause any amount of the payment to fail to comply with the provisions of Section 409A of the Code, and does not result in any excise tax or additional tax penalty under Section 409A, then the six-month delay rule of paragraph (i) above will not apply and payment of such amounts will be made at the time(s) specified under the applicable terms of Section 12 of this Agreement without regard to this Section 12(f).
(iii)General Compliance.  During the term of this Agreement, ARC and Executive agree to modify and administer the Agreement to the extent possible to comply with Section 409A of the Code and to avoid incurring any excise and other additional tax liability that might be imposed on Executive or ARC.
13.Arbitration and Equitable Relief
(a)Arbitration.  In consideration of Executive’s employment with ARC, its promise to arbitrate all employment-related disputes and Executive’s receipt of the compensation paid to Executive by ARC, at present and in the future, Executive agrees that any and all controversies, claims, or disputes with anyone (including ARC and any employee, officer, director, shareholder or benefit plan of ARC in their capacity as such or otherwise) arising out of, relating to, or resulting from Executive’s employment with ARC or the termination of that employment with ARC, including any provision of this Agreement, shall be subject to binding arbitration under the arbitration rules set forth in the California Code of Civil 

Procedure section 1280 through 1294.2, including section 1283.05 collectively (the “Rules”) and pursuant to California law.  Disputes which Executive agrees to arbitrate, and hereby agrees to waive any right to a trial by jury, include without limitation, any common law claims, statutory claims under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act of 1990, the Age Discrimination In Employment Act of 1967, the Older Workers Benefit Protection Act, the California Fair Employment And Housing Act, the California Labor Code (except for workers compensation or unemployment insurance claims), or ERISA, claims of harassment, discrimination or wrongful termination and any other statutory claims under state or federal law.  
(b)Procedure.  Any arbitration will be administered by JAMS and a neutral arbitrator will be selected in a manner consistent with its rules for the resolution of employment disputes.  The arbitrator shall have the power to decide any motions brought by any party to the arbitration, including motions for summary judgment and/or adjudication and motions to dismiss and demurrers, prior to any arbitration hearing.  The arbitrator shall have the power to award any remedies, including attorneys’ fees and costs, available under applicable law.  ARC will pay for any administrative or hearing fees charged by the arbitrator or JAMS except that Executive shall pay the first $200.00 of any filing fees associated with any arbitration Executive initiates.  The arbitrator shall administer and conduct any arbitration in a manner consistent with the Rules.   To the extent that the JAMS rules for the resolution of employment disputes conflict with the Rules, the Rules shall take precedence.  The decision of the arbitrator shall be in writing. 
(c)Remedy.  Except as provided by the Rules and this Agreement, arbitration shall be the sole, exclusive and final remedy for any dispute between ARC and Executive.  Accordingly, except as provided for by the Rules and this Agreement, neither ARC nor Executive will be permitted to pursue court action regarding claims that are subject to arbitration.  Notwithstanding, the arbitrator will not have the authority to disregard or refuse to enforce any lawful ARC policy, and the arbitrator shall not order or require ARC to adopt a policy not otherwise required by law which ARC has not adopted. 

(d)Availability of Injunctive Relief.   In addition to the right under the Rules to petition the court for provisional relief, ARC may also petition the court for injunctive relief, notwithstanding any provision in this Agreement requiring arbitration, where ARC alleges or claims a violation of this Agreement, or any separate agreement between Executive and ARC regarding trade secrets, confidential information or non-solicitation, or California Labor Code §2870.  No bond shall be required of ARC.  Executive understands and agrees that any breach or threatened breach of this Agreement or of any such separate agreement will cause irreparable injury to ARC or its subsidiaries or affiliates and that money damages will not provide an adequate remedy therefore, and Executive hereby consents to the issuance of an injunction.  In the event either Party seeks injunctive relief, the prevailing party shall be entitled to recover reasonable costs and attorney fees related thereto. 
(e)Administrative Relief.  This Agreement does not prohibit Executive from pursuing an administrative claim with a local, state or federal administrative body such as the Department of Fair Employment and Housing, the Equal Employment Opportunity Commission or the Workers’ Compensation Board.  This Agreement does, however, preclude Executive from pursuing court action regarding any such claim. 
(f)Voluntary Nature of Agreement.  Executive acknowledges and agrees that he is executing this Agreement voluntarily and without any duress or undue influence by ARC or anyone else.  Executive further acknowledges and agrees that he has carefully read this Agreement, that he has asked any questions needed for him to understand the terms, consequences and binding effect of this Agreement, and that he fully understands this Agreement, including that he is waiving his right to a jury trial.  Finally, Executive acknowledges that he has been provided an opportunity to seek the advice of an attorney of his choice before signing this Agreement. 
14.Governing Law  
This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of California without regard to California conflict of laws principles.

15.Release  
In exchange for the benefits and other consideration under this Agreement to which Executive would not otherwise be entitled, Executive shall enter into and execute a release substantially in the form attached hereto as Exhibit A (the "Release") upon his termination of employment. Unless the Release is executed by Executive and delivered to ARC within thirty (30) days after the termination of Executive's employment with ARC, Executive shall receive only the basic severance benefits provided under Section 12(a) of this Agreement and no additional benefits under Section 12 or the extended health insurance coverage under Section 6 (b) of this Agreement.
16.Notices  
Any notices or other communications desired or required under this Agreement shall be in writing, signed by the Party making the same, and shall be deemed delivered when personally delivered or on the second business day after the same is sent by certified or registered mail, postage prepaid, addressed as follows (or to such other address as may be designated by like written notice): 
If to Executive:    At the last residential address known by ARC
		
	If to ARC:
	ARC Document Solutions, Inc.

1981 North Broadway, Suite 385
Walnut Creek, CA 94596
Attn.:  Legal Department
17.Severability
In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 

18.Assignment  
Except as otherwise specifically provided herein, neither party shall assign this Agreement or any rights hereunder without the consent of the other party, and any attempted or purported assignment without such consent shall be void; provided that Executive’s consent under this Agreement shall not be required hereby for any of the transactions involving a Change of Control.  This Agreement shall otherwise bind and inure to the benefit of the parties hereto and their respective successors, assigns, heirs, legatees, devisees, executors, administrators and legal representatives.
19.Entire Agreement  
This Agreement contains the entire agreement of the parties and supersedes all prior or contemporaneous negotiations, correspondence, understandings and agreements between the parties regarding the subject matter of this agreement.  Any prior employment agreement, bonus agreement or other compensation agreement between Executive and ARC or any predecessor, subsidiary or affiliate of ARC, is hereby amended and superseded as of the Effective Date.  This Agreement may not be amended or modified except in writing signed by both parties.  
20.Waiver
If either Party waives any breach of any provisions of this Agreement, he or it shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this agreement.
21.Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first hereinabove set forth. 

	
		
	ARC DOCUMENT SOLUTIONS, INC.
a Delaware corporation

By:____________________________
     Dilantha Wijesuriya
     Title: Chief Operations Officer

	EXECUTIVE

_____________________________
Kumarakulasingam Suriyakumar 

EXHIBIT A

RELEASE AGREEMENT
I understand that my position with ARC Document Solutions, Inc. ("ARC") terminated effective _______________ (the "Separation Date").  ARC has agreed that if I choose to sign this Agreement, ARC will pay me severance benefits (minus the standard withholdings and deductions) pursuant to the terms of the Amended and Restated Executive Employment Agreement entered into on May 17, 2014 between myself and ARC (the “Severance Benefits”).  I understand that I am not entitled to the Severance Benefits unless I sign this Agreement.  I understand that in addition to the Severance Benefits, ARC will pay me all of my accrued salary and vacation, to which I am entitled by law.  
In consideration for the Severance Benefits I am receiving under this Agreement, I agree not to use or disclose any of ARC's proprietary information without written authorization from ARC, to immediately return all Company property and documents (including all embodiments of proprietary information) and all copies thereof in my possession or control, and to release ARC and its officers, directors, agents, attorneys, employees, shareholders, and affiliates from any and all claims, debts, liabilities, demands, causes of action, attorneys' fees, damages, or obligations of every kind and nature, whether they are known or unknown, arising at any time prior to the date I sign this Agreement.  This general release includes, but is not limited to: all federal and state statutory and common law claims, claims related to my employment or the termination of my employment or related to breach of contract, tort, wrongful termination, discrimination, wages or benefits, or claims for any form of compensation.  This release is not intended to release any claims I have or may have against any of the released parties for (a) indemnification as a director, officer, agent or employee under applicable law, charter document or agreement, (b) severance and other termination benefits under my employment agreement and any related written documents, (c) health or other insurance benefits based on claims already submitted or which are covered claims properly submitted in the future, (d) vested rights under pension, retirement or other 

benefit plans, or (e) in respect of events, acts or omissions occurring after the date of this Release Agreement.  
In releasing claims unknown to me at present, I am waiving all rights and benefits under Section 1542 of the California Civil Code, and any law or legal principle of similar effect in any jurisdiction:  
"A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." 
I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the federal Age Discrimination in Employment Act of 1967, as amended ("ADEA").  I also acknowledge that the consideration given for the waiver in the above paragraph is in addition to anything of value to which I was already entitled.  I have been advised by this writing, as required by the ADEA that: (a) my waiver and release do not apply to any claims that may arise after my signing of this Agreement; (b) I should consult with an attorney prior to executing this release, (c) I have twenty-one (21) days within which to consider this release (although I may choose to voluntarily execute this release earlier); (d) I have seven (7) days following the execution of this release to revoke the Agreement; (e) this Agreement will not be effective until the eighth day after this Agreement has been signed both by me and by ARC ("Effective Date"); and I will not be paid any of the Severance Benefits until this Agreement has become effective.
This Agreement constitutes the complete, final and exclusive embodiment of the entire agreement between ARC and me with regard to the subject matter hereof I am not relying on any promise or representation by ARC that is not expressly stated herein.  This Agreement may only be modified by a writing signed by both me and a duly authorized officer of ARC.  I accept and agree to the terms and conditions stated above:

	
		
	ARC DOCUMENT SOLUTIONS, INC., a Delaware corporation

By:  _________________________

Title:___________________________
	EXECUTIVE

____________________________
Kumarakulasingam Suriyakumar

Address:

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