Document:

EX-10.2

   

Exhibit10.2

LICENSE AGREEMENT 

This License Agreement (“Agreement”) is entered into as of November 19, 2020 (the “Effective Date”) by and between ROX FINANCIAL INC., a Delaware
corporation (“Licensor”), and ROX FINANCIAL LP, a Delaware series limited partnership on its behalf and on behalf of each series created by Licensee and the
subsidiaries of each series (collectively, “Licensee”), for the purpose of granting Licensee a limited license to use certain intellectual property furnished by Licensor.  

WHEREAS, Licensor is the owner of certain
intellectual property to be used by Licensee in the business of each series created by Licensee and the subsidiaries of each series (collectively, the “Business”); 

WHEREAS, Licensee owns certain assets that are
managed by subsidiaries of Licensor; 

WHEREAS, the parties desire for Licensor to
license to Licensee the intellectual property described below for use in the operation of the Business; 

NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows:  
 
	 1.
	 DEFINITIONS. As used in this
Agreement:  

1.1“Affiliate” means, with respect to a party, any person or entity that controls, is controlled by, or is under common control with such party, where
“control” means ownership of fifty percent (50%) or more of the outstanding voting securities (but only as long as such person or entity meets these requirements).  

1.2“Improvement” means any improvement, modification, enhancement and/or derivative work of the Intellectual Property, and all Intellectual Property Rights in any such
improvement, modification, enhancement and/or derivative work, that is invented, created, developed, or acquired by or for Licensee after the Effective Date. 

1.3“Intellectual Property” means the trademark and tradename “ROX” and the technology licensed under this Agreement as more fully described on Exhibit A attached hereto, including all related technical information, data, files, documentation, and other materials, whether in whole or in part, including any and all improvements, modifications,
enhancements, and/or derivative works and copies of the foregoing, whether tangible or intangible, and regardless of the form or media in or on which they may exist. 

1.4“Intellectual Property Rights” mean collectively, any and all now known or hereafter known tangible and intangible intellectual property rights or
similarly protected rights in any country, now or in the future, whether or not registered, perfected or reduced to practice, and whether arising by operation of law, contract, license, or otherwise, including, without limitation: (i) copyrights and
other rights associated with works of authorship throughout the world, including but not limited to, copyrights and moral rights (including the right of an author to be known as the author of a work); (ii) know-how, processes, principles, conceptual
frameworks, and trade secret rights; (iii) 

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patent rights and inventor’s certificates; (iv) rights related to designs; (v) rights in data, databases, or
algorithms; (vi) trademark and service mark rights (whether arising under common law or registered under state or federal law), rights in trade names or brand names, trade dress rights, and similar rights; and (vii) to the extent applicable, all
registrations, applications, renewals, extensions, continuations, continuations-in-part, divisions or reissues hereof now or hereafter in force, including any rights in any of the foregoing.  
 
	 2.
	 LICENSE GRANT, OWNERSHIP, AND CONDITIONS OF
USE.  

2.1Licensor hereby grants to Licensee a non-exclusive, royalty free, non-transferable, nonsublicensable, worldwide, right and license, on an as-is basis, to use the Intellectual Property in connection with the
Business.   
 2.2The Intellectual Property shall remain the exclusive property of Licensor and nothing in this Agreement shall give Licensee any right, title or interest in or to the Intellectual Property except the limited licenses
expressly granted in this Agreement.  All use by Licensee of any trademarks, service marks, logos, or trade dress licensed hereunder (collectively, the “Licensed Marks”), and all goodwill
associated with such use, shall inure to the benefit of Licensor. All rights in and to the Intellectual Property not expressly granted to Licensee in this Agreement are reserved by Licensor. 

2.3The Improvements and all Intellectual Property Rights therein shall be exclusively owned by Licensor.  Licensee shall, and hereby does, assign all of its rights, title and interest in and to such
Improvements to Licensor. 

2.4Licensor, at its election, may provide support, maintenance, upgrades, modifications or new releases for any software components of the Intellectual Property or any related documentation under this
Agreement.  Licensor may revise and discontinue any part of the Intellectual Property at any time without Notice to the Licensee. 

2.5Licensee may not register any of the Intellectual Property in any jurisdiction without Licensor’s express prior written consent, and Licensor shall retain the exclusive right to apply for and obtain
registrations for the Intellectual Property throughout the world. 

2.6Licensee acknowledges that Licensor does not have Intellectual Property Rights in the Intellectual Property in every jurisdiction throughout the world and that this grant is limited to the extent Licensor has such
rights.   
 2.7Licensee may use the Licensed Marks only in a form which is in accordance with Licensor’s usage guidelines (if and when such guidelines are adopted by Licensor from time to time) and sound trademark practice so
as not to weaken the value of the Licensed Marks.  Licensee may use the Licensed Marks only in a manner that does not derogate, based on an objective business standard, Licensor’s rights in the Licensed Marks or the value of the
Licensed Marks, and shall must take no action that would, based on an objective business standard, interfere with, diminish or tarnish those rights or value.  

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2.8To protect and promote the goodwill symbolized by the Licensed Marks, Licensee will insure that the goods and services
provided by Licensee in connection with the Licensed Marks are of the same high quality as the services marketed or otherwise provided by Licensor.  Licensor shall have the right to monitor the quality of the goods and services provided
and promotional materials used by Licensee, and Licensee shall use reasonable efforts to assist Licensor in monitoring the quality of the goods and services provided and promotional materials used by Licensee (including, without limitation, by
providing samples when requested by Licensor).  If Licensor discovers any improper use of the Licensed Marks and delivers to Licensee a Notice (as defined below) describing in detail the improper use, Licensee shall remedy the improper use
immediately. 
 
	 3.
	
WARRANTIES.  

3.1Each party hereby represents and warrants that: (i) it is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation or incorporation; (ii) it has the legal right and
authority to enter into and perform its obligations under this Agreement; (iii) the execution and performance of this Agreement will not conflict with or violate any provision of any law having applicability to such party; and (iv) this Agreement,
when executed and delivered, will constitute a valid and binding obligation of such party and will be enforceable against such party in accordance with its terms. Licensor represents and warrants that, as of the Effective Date, to its actual
knowledge, the Intellectual Property does not infringe the Intellectual Property Rights of any third party.  

3.2Licensor hereby disclaims any express or implied warranty or representation as to the scope, enforceability or validity of the Intellectual Property. With the exception of the representations made in Section 3.1,
Licensor disclaims and Licensee waives all warranties, whether express or implied, including, without limitation, all implied warranties of title, noninfringement, merchantability or fitness for a particular purpose.  

3.2 THIS NON-EXCLUSIVE LICENSE
DOES NOT CONSTITUTE A SALE OF THE INTELLECTUAL PROPERTY.  IT IS A GRANT OF PERMISSION TO USE THE INTELLECTUAL PROPERTY.  THIS AGREEMENT DOES NOT TRANSFER TO LICENSEE TITLE TO THE INTELLECTUAL PROPERTY AND THE LICENSEE DOES NOT
HAVE SOLE AND EXCLUSIVE RIGHTS TO THE USE OF THE INTELLECTUAL PROPERTY OR ANY PART THEREOF OR ANY INCLUDED OR RELATED TECHNOLOGY OR SOFTWARE. Licensee agrees to use the Intellectual Property and any related documentation only in a manner that
complies with all applicable laws in the jurisdictions in which it uses the Intellectual Property and documentation, including, but not limited to, applicable restrictions concerning copyright, trademarks, trade secrets, and other Intellectual
Property Rights. Unless otherwise permitted herein or by the Licensor, Licensee has no rights to, and will not sell, assign, lease, license, sublicense, market, transfer, encumber, or otherwise suffer to exist any lien or security interest on, nor
allow any third person, firm, company or other entity to use, copy, reproduce, or disclose the Intellectual Property, whether in whole or in part, in any manner whatsoever.   

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	 4.
	 INFRINGEMENT CLAIMS.  

4.1Licensor shall have the first right, but no obligation, in its sole and absolute discretion, to defend at its own expense any action against Licensee brought by a third party to the extent that the action is based
only upon a claim that the Intellectual Property or the use of the Intellectual Property infringes any Intellectual Property Rights of any third party.  Licensee shall give Notice to Licensor promptly of such action.  If Licensor
elects to defend such action, Licensor will pay those costs and damages finally awarded against Licensee in any such action that are specifically attributable to such claim or those costs and damages agreed to in a monetary settlement of such
action.  In the event that Licensor elects to defend such action, (i) Licensor shall have sole control of the defense thereof and any related settlement negotiations, (ii) Licensee shall cooperate fully with Licensor and, at
Licensor’s request and expense, assist in such defense, and (iii) Licensor shall have the option to settle any such dispute or institute a suit, if necessary, by counsel of Licensor’s choice, under Licensor’s control, and at
Licensor’s expense.  

4.2In the event that Licensor or Licensee become aware of any material unauthorized use, infringement, misappropriation, or other violation of the Intellectual Property (each a
“Violation”), the applicable party shall promptly notify the other party.  Licensor shall have the first right, but no obligation, in its sole and absolute discretion, take all action
necessary to enforce its rights to the Intellectual Property and cause such unauthorized use to cease, including settling any dispute which arises and instituting suit, if necessary, by counsel of Licensor’s choice, under Licensor’s
control and at Licensor’s expense, and Licensee shall cooperate fully and otherwise provide proper assistance to the Licensor at no expense to Licensee.  

4.3If Licensor declines to pursue any Violation, Licensee shall have the right, but not the obligation, to pursue any enforcement of the Intellectual Property against such Violation at the cost of Licensee. Licensor
will reasonably cooperate with Licensee in such enforcements, including joining such action if it is an indispensable party. Licensee will be responsible for all out-of-pocket costs, expenses, and legal fees incurred by each of Licensee and Licensor
in connection with enforcing or defending any claim, suit, or action against such third party infringer initiated by Licensee, including without limitation all such costs, expenses and legal fees that may be incurred by Licensee or Licensor with
respect to a counter-claim filed by the infringing third party under a claim made by Licensee.  
 
	 5.
	 LIMITATION OF
LIABILITY.  

IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE
OTHER FOR ANY INCIDENTAL, INDIRECT, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, REGARDLESS OF THE NATURE OF THE CLAIM, INCLUDING, WITHOUT LIMITATION, LOST PROFITS, COSTS OF DELAY, ANY FAILURE OF DELIVERY, BUSINESS 

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INTERRUPTION, COSTS OF LOST OR DAMAGED DATA OR DOCUMENTATION OR LIABILITIES TO THIRD PARTIES ARISING FROM ANY SOURCE,
EVEN IF THE PARTY FROM WHICH SUCH DAMAGES ARE SOUGHT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  
 
	 6.
	 TERM AND
TERMINATION.  

6.1This Agreement shall become effective on the Effective Date, shall remain in full force and effect for an initial term of ten (10) years and, thereafter, shall renew automatically on each subsequent anniversary of
the Effective Date for a one-year period, unless terminated earlier in accordance with Section 6.2 below or upon ninety (90) days’ prior Notice by either party prior to the end of the initial term or any renewal term (collectively, the “Term”).   

6.2This Agreement may be terminated upon the mutual consent of the parties hereto or in the case of material breach by the non-breaching party.  The party seeking to terminate this Agreement pursuant to a
material breach must give Notice of the alleged breach, and the other party shall have thirty (30) days to cure the alleged breach, or to take action which is mutually agreeable to the parties and which is reasonably calculated to cure the alleged
breach within a reasonable period of time.   

6.3Upon termination of this Agreement for any reason, all rights to the Intellectual Property granted in this Agreement will immediately cease to exist, and Licensee must promptly discontinue all use of the Intellectual
Property and immediately return to Licensor the Intellectual Property.  
 
	 7.
	 CONFIDENTIAL AND PROPRIETARY INFORMATION.

7.1Each party hereto acknowledges that in the course of performing its obligations 

pursuant to this Agreement, each such party will
be provided with and have access to confidential and proprietary information of the other party hereto, whether or not the information provided is designated as confidential or proprietary (collectively, the
“Confidential Information”).  Thus, each party hereto agrees (i) to treat such information as confidential, (ii) to restrict the use of such information to matters relating to the
performance of this Agreement and (iii) to restrict access to such information to such officers, directors, managers, employees, lenders and other advisors and each of their respective affiliates, subsidiaries and agents, whose access is necessary
to the implementation of this Agreement.  All copies of Confidential Information shall be returned by the receiving party to the disclosing party upon request, except to the extent (including, without limitation, pursuant to such receiving
party’s ordinary course data retention policies) that such information is to be retained pursuant to this Agreement. 

7.2The foregoing restrictions shall not apply to Confidential Information which: (i) is, or becomes, publicly known otherwise than through a wrongful act of a party hereto or their respective employees, or
agents; (ii) is in possession of a party hereto or its employees, or agents prior to receipt from the disclosing party, provided that the person or persons providing the same have not had access to the information from the 

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disclosing party; (iii) is furnished to others by the disclosing party without restrictions similar to those herein on
the right of the receiving party to use or disclose; (iv) is approved herein or in writing by the disclosing party for disclosure by a receiving party or its agents or employees to a third party; or (v) is independently generated and not derived
from confidential information. 
 
	 8.
	 GENERAL.  

8.1Licensee acknowledges that the laws and regulations of the United States restrict the export and re-export of commodities and technical data of United States origin, including the Intellectual Property. Licensee
agrees that it will not export or re-export the Intellectual Property in any form in violation of the export or import laws of the United States or any foreign jurisdiction. Licensee will defend, indemnify, and hold harmless Licensor from and
against any violation of such laws or regulations by Licensee or any of its agents, officers, directors or employees.  

8.2All notices, consents, and approvals under this Agreement (each, a “Notice”) must be delivered in writing by electronic mail to the other party at the address set
forth below, and will be effective upon receipt. Either party may change its address by giving Notice of the new address to the other party.  

FOR LICENSOR:  

ROX Financial Inc. 

accountingnotice@roxfinancial.com

 FOR LICENSEE:  

ROX Financial GP LLC, as the
general partner of ROX Financial LP 

legalnotice@roxfinancial.com 

8.3This Agreement shall be governed by and interpreted in accordance with the laws of the state of Delaware, without regard to conflicts of laws rules or principles thereof.  LICENSOR AND LICENSEE IRREVOCABLY
CONSENT TO THE EXCLUSIVE PERSONAL JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE (OR IF SUCH COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION THEREOF, ANY OTHER COURT LOCATED IN THE STATE OF DELAWARE) FOR THE PURPOSES OF ANY SUIT,
ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY, AND EACH WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE REGARDING THE CHOICE OF FORUM, WHETHER BASED ON
PERSONAL JURISDICTION, VENUE, FORUM NON CONVENIENS OR ON ANY OTHER GROUNDS.   

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8.4Licensee and Licensor agree to execute and deliver such other documents and papers and to do such other acts and things
as may be reasonably necessary more fully to effect the intent and purposes of this Agreement.  Each party agrees to exercise its rights and perform its obligations hereunder in good faith. 

8.5Licensee may not assign this Agreement and/or any rights and/or obligations hereunder without the prior written consent of Licensor, which consent may be granted, withheld, conditioned or delayed in Licensor’s
sole and absolute discretion.  Any attempted assignment by Licensee without consent is void. 

8.6If any provision of this Agreement or its application to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and/or unenforceable to any extent, the remainder of this
Agreement or the application of such provision to such party or circumstances, other than those determined invalid or unenforceable, shall not be affected thereby, and each provision hereof shall be valid and shall be enforced to the fullest extent
permitted by law.  In the event a provision of this Agreement is found to be invalid or unenforceable, the parties will negotiate in good faith to agree on a lawful provision having as near the same economic effect as the unenforceable
provision. 
 8.7This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same agreement.  Executed
counterparts transmitted by electronic mail shall be binding on the parties. 

8.8This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements with respect thereto as of the Effective Date, and no alteration,
modification or interpretation of this Agreement shall be binding unless in writing and signed by both parties. 

8.9All headings or captions appearing herein are for convenience only, shall not be considered a part of this Agreement, for any purpose or as, in any way interpreting, construing, varying, altering, or modifying this
Agreement or any of the provisions hereof. 

[Signature Page Follows] 

 

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IN WITNESS WHEREOF, Licensor and ROX Financial LP, on behalf of Licensee, have executed this Agreement as of the first
date written above. 
  
 
	  

	
ROX FINANCIAL INC.
	
ROX FINANCIAL LP 

ROX FINANCIAL GP LLC, its general
partner

	  
	  
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	  

	
By
	  
	
/s/
 Effi Atad
	  
	
By
	  
	
/s/
 Anthony Moro

	
Name
	  
	
Effi Atad
	  
	
Name
	  
	
Anthony Moro

	
Title
	  
	
Chief Executive Officer
	  
	
Title
	  
	
President

  
 
	  
	  
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	  

	
By
	  
	
/s/
 David Ronn
	  
	
By
	  
	
/s/
 David Ronn

	
Name
	  
	
David Ronn
	  
	
Name
	  
	
David Ronn

	
Title
	  
	
General Counsel
	  
	
Title
	  
	
Chief Legal Officer

  

 

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EXHIBIT A 

 

Intellectual Property 

 
 
	
 
	 1.
	 The following applications, technology and the
work product thereof: 

 
 
	
 
	 a.
	 an investor application that provides
disclosure and investment data, including provide financial, market, trading data and stacking plans for current and prospective investors; 

 
	
 
	 b.
	 a property owners’ application that
provides a platform for asset owners to communicate property-level information including for management of the due diligence process, to add files, and for periodic information for investors and for governance purposes; and

 
	
 
	 c.
	 an administrative application to aggregate,
compile and present data in support of third-party accounting, auditing and reporting and to manage the properties, add new articles, Frequently Asked Questions and data for the investor/property owner applications. 

	
 
	 2.
	 The following technology components:

 
	
 
	 a.
	 proprietary programming, including front-end,
server-side and database coding; 

 
	
 
	 b.
	 property data algorithms created and used to
collect and disseminate information from various data sources regarding real property; 

 
	
 
	 c.
	 news data algorithms created and used to
collect and present news and topic modelling services; and 

 
	
 
	 d.
	 construct stacking plan software to provide
automated stacking plans for income producing real property.   

 
	
 
	 3.
	 The website www.roxfinancial.com

 
	
 
	 4.
	 Such other applications, technology and work
product therefrom as Licensor determines from time to time. 

 
	
 
	 5.
	 The ROX logo: 

9EX-10.3

  Exhibit 10.3

 

Indemnification and Advancement Agreement

This Indemnification and Advancement
Agreement (this “Agreement”) is made as of, by and between ROX Financial LP, a Delaware series limited partnership (the “Partnership”), and
[DIRECTOR/OFFICER] (“Indemnitee”).

RECITALS

WHEREAS, ROX Financial GP LLC, a Delaware
limited liability corporation, is the general partner of the Partnership (the “General Partner”); 

WHEREAS, the Partnership is governed by its
Amended and Restated Agreement of Limited Partnership dated November 19, 2020, as may be amended from time to time (the “LP Agreement”); and

WHEREAS, pursuant to the LP Agreement, the
Board of Managers of the General Partner (the “Board”) has the ability to designate a series of shares to be issued by ROX LP (each, a “Series”),
with designations, preferences, rights, powers and duties as set forth in the designation to be approved by the Board and attached to the LP Agreement; and

WHEREAS, Indemnitee has been [appointed
to/named an officer of the General Partner by the Board (an “Officer”)];

WHEREAS, the LP Agreement requires
indemnification of and advancement of expenses to persons serving [as directors on the Board/an Officer].  The LP Agreement also expressly provides that the indemnification and advancement provisions set forth therein are not exclusive,
and thereby contemplates that contracts may be entered into between the Partnership and [members of the Board/an Officer] with respect to indemnification and advancement of expenses;

WHEREAS, the Partnership and Indemnitee
recognize the increasing difficulty in obtaining liability insurance for [board members/officers], the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance.  The Partnership and
Indemnitee further recognize the substantial increase in litigation in general, subjecting [board members/officers] to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely
limited.  Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee may not be willing to continue to serve in Indemnitee’s current capacity as [a member of the Board/an
Officer] without additional protection.  The General Partner and the Partnership desire to attract and retain the services of highly qualified individuals, such as Indemnitee to serve [on the Board/as an Officer] and to indemnify those
individuals so as to provide them with the maximum protection permitted by law; and

WHEREAS, this Agreement is a supplement to
and in furtherance of the LP Agreement, as well as any rights of Indemnitee under any directors’ and officers’ liability insurance policy, and is not a substitute therefor, and does not diminish or abrogate any rights of Indemnitee
thereunder; and
  
 

   

NOW, THEREFORE, in consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Partnership and Indemnitee hereby agree as follows:

Indemnification

.

(a)Allocation.  The Partnership itself will not have any assets.  Generally, all actions of the [Board/Officers] shall be for the
benefit of a specific Series.  For purposes of this Agreement, the Partnership is a party for and on behalf of each Series and any indemnification, reimbursement or other payment to Indemnitee pursuant to this Agreement shall be allocated
by the Partnership to the applicable Series based on the Series to which the applicable Proceeding applies.  With respect to the indemnification and reimbursement provisions in this Agreement, each Series shall stand alone and no
indemnification or reimbursement for a Proceeding related to that Series shall create any liability for any other Series or subject the assets of any other Series to a claim by Indemnitee.

(b)Indemnification.  Indemnitees shall be indemnified and held harmless by the Partnership (which indemnification costs shall be allocated to the relevant Series as determined by the
General Partner in Good Faith) from and against any and all losses, claims, damages, liabilities (joint or several), expenses (including legal fees and expenses), judgments, fines, penalties, interest, settlements or other amounts arising from any
and all threatened, pending or completed claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, and whether formal or informal and including appeals, in which any Indemnitee may be involved, or is
threatened to be involved, as a party or otherwise, by reason of its status as an Indemnitee and acting (or refraining to act) in such capacity; provided, that the Indemnitee shall not be indemnified and held harmless if there has been a final and
non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the matter for which the Indemnitee is seeking indemnification pursuant to this Agreement, the Indemnitee acted in Bad Faith or, in the case of a
criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful.

(c)Success on the Merits.  To the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding or the defense of any claim, issue or matter
therein, in whole or in part, the Partnership (for and on behalf of the applicable Series) shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection therewith.  Without limiting the
generality of the foregoing, if Indemnitee is successful on the merits or otherwise as to one or more but less than all claims, issues or matters in a Proceeding, the Partnership (for and on behalf of the applicable Series) shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection with such successfully resolved claims, issues or matters to the fullest extent permitted by applicable law.  If any Proceeding is disposed of on
the merits or otherwise (including a disposition without prejudice), without (i) the disposition being adverse to Indemnitee; (ii) a plea of guilty by Indemnitee, (iii) an adjudication that Indemnitee did not act in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of the Partnership or the applicable Series, or (iv) with respect to any criminal Proceeding, an adjudication that Indemnitee had reasonable cause to believe
Indemnitee’s conduct was unlawful, Indemnitee shall be considered for the purposes hereof to have been wholly successful with respect thereto.

 

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Indemnification Procedure

.

(a)Advancement of Expenses.  To the fullest extent permitted by applicable law, but as otherwise limited herein, the Partnership
(for and on behalf of the applicable Series) shall advance all Expenses actually and reasonably incurred by Indemnitee in connection with a Proceeding within thirty (30) days after receipt by the Partnership of a statement requesting such advances
from time to time, whether prior to or after final disposition of any Proceeding, and shall take the steps necessary to authorize such payment as required or permitted pursuant to the LP Agreement.  Such advances shall be unsecured and
interest free and shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement.  Indemnitee
shall be entitled to continue to receive advancement of Expenses pursuant to this Section 2(a) unless and until the matter of Indemnitee’s entitlement to indemnification hereunder has been finally adjudicated against Indemnitee by court
order or judgment from which no further right of appeal exists.  Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it ultimately is determined that Indemnitee is not entitled to be indemnified by
the Partnership (for and on behalf of the applicable Series) under the other provisions of this Agreement.  Indemnitee shall qualify for advances upon the execution and delivery of this Agreement, which shall constitute the requisite
undertaking with respect to repayment of advances made hereunder and no other form of undertaking shall be required to qualify for advances made hereunder other than the execution of this Agreement.

(b)Notice and Cooperation by Indemnitee.  Indemnitee shall promptly notify the Partnership in writing upon being served with any summons,
citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter for which indemnification will or, upon Indemnitee becoming aware, could be sought under this Agreement.  Such notice to the
Partnership shall include a description of the nature of, and facts underlying, the Proceeding (which can be satisfied by a copy of the applicable summons or other relevant document), shall be given in accordance with the provisions of
Section 12(e) below.  In addition, Indemnitee shall give the Partnership such additional information and cooperation as the Partnership may reasonably request at the Partnership’s (for and on behalf of the applicable Series)
Expense.  Indemnitee’s failure to notify, provide information and otherwise cooperate with the Partnership shall not relieve the Partnership (for and on behalf of the applicable Series) of any obligation that it may have to
Indemnitee under this Agreement, except to the extent that the applicable Series is directly adversely affected by such failure.

(c)Determination of Entitlement.

(i)Final Disposition.  Notwithstanding any other provision in this Agreement, indemnification under this Agreement shall be made prior to the final disposition of the Proceeding.

(ii)
Determination and Payment.  Subject to the foregoing, promptly after receipt of a statement requesting payment with respect to the
indemnification rights set forth in Section 1, to the extent required by applicable law, the Partnership (for and on behalf of the applicable Series) shall take the steps necessary to authorize such payment as required or permitted pursuant to
the LP Agreement.  The Partnership (for and on behalf of the applicable Series) shall 
  

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pay any claims made under this Agreement, under any statute, or under any provision of the LP Agreement providing for
indemnification within thirty (30) days after a written request for payment thereof has first been received by the Partnership or the final disposition of the Proceeding, whichever occurs later.

(iii)Remedies. If a claim for indemnification or advancement of Expenses is not paid in full within thirty (30) day-period set forth in Section 2(a) or 2(c)(ii), Indemnitee may, but need not, at
any time thereafter bring an action against the applicable Series in the Delaware Court of Chancery to recover the unpaid amount of the claim and, subject to Section 11, Indemnitee shall also be entitled to be paid for all Expenses actually and
reasonably incurred by Indemnitee in connection with bringing such action.  The Partnership and the applicable Series may assert as a defense to any such action (other than an action brought to enforce a claim for advancement of Expenses
under Section 2(a)) that Indemnitee has not met the standards of conduct required to qualify Indemnitee for indemnification under Section 1(b).  In any action to determine Indemnitee’s entitlement to indemnification hereunder,
the Partnership will not dispute that the Indemnitee is entitled to a presumption that Indemnitee is entitled to indemnification under this Agreement and the Partnership (for and on behalf of the applicable Series) shall have the burden of proof to
overcome that presumption with clear and convincing evidence to the contrary.  The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that Indemnitee did not act in Good Faith or, in the case of a criminal Proceeding, that Indemnitee acted with knowledge that the Indemnitee’s conduct was unlawful and, accordingly, shall
not alone be determinative as to whether Indemnitee is entitled to indemnification in connection therewith.  

(d)Payment Directions.  To the extent payments are required to be made hereunder, the Partnership (for and on behalf of the applicable Series) shall, in accordance with
Indemnitee’s request (but without duplication), (i) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses.

(e)Notice to Insurers.  If, at the time of the receipt of a notice of a claim pursuant to Section 2(b) hereof, the Partnership (or any applicable affiliated entity) has an
applicable director and officer liability insurance in effect, the Partnership 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
Partnership shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.  The Partnership
shall provide to Indemnitee: (i) copies of all potentially applicable board members’ and officers’ liability insurance policies, (ii) a copy of such notice delivered to the applicable insurers, and (iii) copies of all subsequent
correspondence between the Partnership and such insurers regarding the Proceeding, in each case substantially concurrently with the delivery or receipt thereof by the Partnership.  If the claim is partially insured, the Partnership (for
and on behalf of the applicable Series) shall pay any difference directly to the Indemnitee.

(f)
Scope.  To the extent payments are required to be made hereunder, the Partnership (for and on behalf of the applicable Series) shall
not be liable in any instance 
  

4

   

whatsoever for any payment to or for the benefit of Indemnitee and any other similarly situated indemnitee, in the
aggregate, in excess of the value of the assets of the particular series from which the right of indemnification is asserted.  Subject to the foregoing, but notwithstanding any other provision of this Agreement, the Partnership (for and on
behalf of the applicable Series) hereby agrees to indemnify Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the LP Agreement or by
statute.  In the event of any change, after the date of this Agreement, in any applicable law, statute, or rule which expands the right of a Delaware partnership to indemnify a [member of the Board/an Officer], such changes shall, in all respects and for all purposes of this Agreement, be deemed to be within the purview of
Indemnitee’s rights and the Partnership’s obligations (for and on behalf of the applicable Series) under this Agreement.  In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware
partnership to indemnify [a member of the Board/an Officer], such changes, except to the extent expressly otherwise required by such law, statute or rule to be applied to this
Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

(g)Nonexclusivity.  The indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive of any rights to
which Indemnitee may be entitled under the LP Agreement, any other agreement, any vote of equity holders of any Series or [disinterested members of] the Board, applicable law, or otherwise, both as to action in Indemnitee’s official capacity
and as to action in another capacity while holding such office.

(h)Interest on Unpaid Amounts.  If any payment to be made by the Partnership (for and on behalf of the applicable Series) to Indemnitee hereunder is delayed by more than thirty (30)
days from the date the duly prepared request for such payment is received by the Partnership, interest shall be paid by the Partnership (for and on behalf of the applicable Series) to Indemnitee at the legal rate under Delaware law for amounts which
the Partnership indemnifies or is obligated to indemnify for the period commencing with the date on which Indemnitee actually incurs such Expense or pays such judgment, fine or amount in settlement and ending with the date on which such payment is
made to Indemnitee by the Partnership (for and on behalf of the applicable Series).

(i)Third-Party Indemnification.  The Partnership (for and on behalf of the applicable Series) hereby acknowledges that Indemnitee
has or may from time to time obtain certain rights to indemnification, advancement of expenses and/or insurance provided by one or more third parties (collectively, the “Third-Party
Indemnitors”).  The Partnership (for and on behalf of the applicable Series) hereby agrees that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and
any obligation of the Third-Party Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee are secondary), and that the Partnership (for and on behalf of the applicable Series) will
not assert that the Indemnitee must seek expense advancement or reimbursement, or indemnification, from any Third-Party Indemnitor before the Partnership (for and on behalf of the applicable Series) must perform its expense advancement and
reimbursement, and indemnification obligations, under this Agreement.  No advancement or payment by the Third-Party Indemnitors on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the
Partnership (for and on behalf of the applicable Series) shall affect the foregoing.  The Third-Party Indemnitors shall be subrogated to the extent of such advancement or payment to all 

 

5

   

of the rights of recovery which Indemnitee would have had against the Partnership (for and on behalf of the applicable
Series) if the Third-Party Indemnitors had not advanced or paid any amount to or on behalf of Indemnitee.  If for any reason a court of competent jurisdiction determines that the Third-Party Indemnitors are not entitled to the subrogation
rights described in the preceding sentence, the Third-Party Indemnitors shall have a right of contribution by the Partnership (for and on behalf of the applicable Series) to the Third-Party Indemnitors with respect to any advance or payment by the
Third-Party Indemnitors to or on behalf of the Indemnitee. 

Partial
 Indemnification
 .  If
Indemnitee is entitled under any provision of this Agreement to indemnification by the Partnership (for and on behalf of the applicable Series) for some or a portion of the Expenses, judgments, fines or amounts paid in settlement, actually and
reasonably incurred in connection with a Proceeding, but not, however, for the total amount thereof, the Partnership (for and on behalf of the applicable Series) shall nevertheless indemnify Indemnitee for the portion of such Expenses, judgments,
fines and amounts paid in settlement to which Indemnitee is entitled.

Director
 and Officer Liability Insurance

.

(a)D&O Policy.  The Partnership shall, from time to time, make the good faith determination whether or not it is practicable for the Partnership (for and on behalf of the
applicable Series) to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the [Board/Officers] with coverage for losses from wrongful acts, or to ensure the Partnership’s performance (for and on
behalf of the applicable Series) of its indemnification obligations under this Agreement.  Among other considerations, the Partnership will (for and on behalf of the applicable Series), acting reasonably and in good faith, weigh the costs
of obtaining such insurance coverage against the protection afforded by such coverage.  In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same
rights and benefits as are accorded to the most favorably insured [of Board/Officer].  Notwithstanding the foregoing, the Partnership shall have no obligation to obtain or maintain such insurance (for and on behalf of the applicable
Series) if the Partnership determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is
limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by an affiliate of the Partnership, including the General Partner.  Notwithstanding the foregoing, ROX Financial
Inc. as the parent entity of the General Partner, may obtain such insurance for the benefit of the [members of the Board/Officers].

(b)Tail Coverage.  In the event of the applicable Series becoming insolvent or the termination of the applicable Series in accordance with the terms of the LP Agreement, the
Partnership (for and on behalf of the applicable Series) shall maintain in force (and shall use its reasonable efforts to have the General Partner maintain in force) any and all insurance policies then maintained by the Partnership (for and on
behalf of the applicable Series) or the General Partner in providing insurance (board members’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

 

6

   

Severability

.
  Nothing in this Agreement is intended to require or shall be construed as requiring the Partnership to do or fail to do any act in violation of applicable law.  
The Partnership’s inability, pursuant to court order, to perform its obligations under this Agreement (for and on behalf of the applicable Series) shall not constitute a breach of this Agreement.  
If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Partnership (for and on behalf of the applicable Series) shall nevertheless indemnify Indemnitee to the full extent permitted by
 any applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms.

Exclusions

.  Any other provision herein to
the contrary notwithstanding, the Partnership shall not be obligated pursuant to the terms of this Agreement (for and on behalf of the applicable Series):

(a)Claims Initiated by Indemnitee.  To indemnify or advance Expenses to Indemnitee with respect to Proceedings initiated or brought voluntarily by Indemnitee and not by way of
defense, except with respect to Proceedings brought to establish, enforce or interpret a right to indemnification under this Agreement or the LP Agreement, but such indemnification or advancement of Expenses may be provided by the Partnership (for
and on behalf of the applicable Series) in specific cases if the [disinterested members the Board (or if none, if the board of directors of ROX Financial Inc., as the sole member of the General Partner, so direct) find/Board finds] it to be
appropriate; provided, however, that the exclusion set forth in the first clause of this subsection shall not be deemed to apply to any investigation initiated or brought by Indemnitee to the extent reasonably necessary or advisable in support of
Indemnitee’s defense of a Proceeding to which Indemnitee was, is or is threatened to be made a party;

(b)Claims To Enforce Rights.  To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted by Indemnitee to establish, enforce or
interpret a right to indemnification under this Agreement or the LP Agreement, if the court in which such Proceeding is brought that each of the material assertions made by Indemnitee in such proceeding was frivolous;

(c)Unlawful Payments.  To indemnify Indemnitee for Expenses to the extent it is determined by a final court order or judgment by a court of competent jurisdiction, to which all rights
of appeal have either lapsed or been exhausted, that such indemnification would be unlawful;

(d)Certain Conduct.  To indemnify Indemnitee for Expenses on account of Indemnitee’s conduct that is established by a final court order or judgment by a court of competent
jurisdiction, to which all rights of appeal have either lapsed or been exhausted, that the Indemnitee acted in Bad Faith or, in the case of a criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful;

(e)Insured Claims.  To indemnify Indemnitee for Expenses to the extent such Expenses have been paid directly to and received by Indemnitee by an insurance carrier under an insurance
policy maintained by the Partnership or the General Partner; or
  

7

   

(f)Certain Exchange
 Act Claims.  To indemnify Indemnitee in connection with any claim made against Indemnitee for (i) an accounting of
profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of a Series within the meaning of Section 16(b) of the Exchange Act or any similar successor statute or any similar provisions of state statutory law or
common law, or (ii) any reimbursement of the Partnership (for and on behalf of the applicable Series) by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of
securities of a Series, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of a Series pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) or Section 954 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act, or the payment to the Partnership or the applicable Series of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act).

Contribution
 Claims
 .

(a)If the indemnification provided in Section 1 is unavailable in whole or in part and may not be paid to Indemnitee for any reason other than those set forth in Section 6, then in respect to any Proceeding in
which the Partnership (for and on behalf of the applicable Series) is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the fullest extent permitted by applicable law, the Partnership (for and on behalf of the applicable
Series), in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for Expenses, judgments, fines or amounts paid in settlement, in connection with any Proceeding without requiring
Indemnitee to contribute to such payment, and the Partnership (for and on behalf of the applicable Series) hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

(b)Without diminishing or impairing the obligations of the Partnership (for and on behalf of the applicable Series) set forth in the preceding Section 7(a), if, for any reason, Indemnitee shall elect
or be required to pay all or any portion of any Expenses, judgment or settlement in any Proceeding in which the Partnership (for and on behalf of the applicable Series) is jointly liable with Indemnitee (or would be if joined in such Proceeding),
the Partnership (for and on behalf of the applicable Series) shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative
benefits received by the applicable Series and all [officers or applicable/ Officers or] Board members, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the
other hand, from the transaction or events from which such Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the
relative fault of the Partnership or the applicable Series and all [officers/Officers] or Board members of the General Partner and the Partnership other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such
Proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the transaction or events that resulted in such Expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which applicable law
may require to be considered.  The relative fault of the Partnership (for and on behalf of the applicable Series) and all [officers of the General Partner/ or applicable Officers or] Board members, other than Indemnitee, who are jointly

  

8

   

liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand,
shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their
conduct is active or passive.

(c)With
 respect to a Proceeding brought against Board members, [officers of the General Partner/Officers] or agents of the Partnership (other than Indemnitee), to the fullest extent permitted by applicable law, the Partnership (for and on behalf of the
applicable Series) shall indemnify Indemnitee from any claims for contribution that may be brought by any such applicable Board members, officers of the General Partner, or agents of the Partnership (other than Indemnitee) who may be jointly liable
with Indemnitee, to the same extent Indemnitee would have been entitled to such indemnification under this Agreement if such Proceeding had been brought against Indemnitee.

No
 Imputation
 .  The
knowledge and/or actions, or failure to act, of any [other Board members, officers/member] of the [General Partner/Board, other Officers or an] agent of the Partnership or the applicable Series or the Partnership or the applicable Series itself
shall not be imputed to Indemnitee for purposes of determining any rights under this Agreement.

Determination of Good Faith

.  Indemnitee shall be deemed to
have acted in Good Faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their
duties, or on the advice of legal counsel for the Enterprise or the members of a governing body of the Enterprise or any counsel selected by any committee of the members of a governing body of the Enterprise or on information or records given or
reports made to the Enterprise by an independent certified public accountant or by an appraiser, investment banker, compensation consultant, or other expert selected with reasonable care by the Enterprise or the members of a governing body of the
Enterprise or any committee thereof.  The provisions of this Section 9 shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of
conduct.  Whether or not the foregoing provisions of this Section are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in Good Faith and, in the case of criminal acts, did not act with knowledge that the
Indemnitee’s conduct was unlawful.

Defined
 Terms and Phrases

.  For purposes of this Agreement,
the following terms shall have the following meanings:

(a)“
Bad Faith” means, with respect to any determination, action or omission, of any Person, board or committee, that such Person, board or committee reached such determination, or engaged in or
failed to engage in such act or omission, with the belief that such determination, action or omission was opposed to the interest of the Partnership or the applicable Series.

(b)“
Enterprise” means the applicable Series and any other enterprise that Indemnitee was or is serving at the request of the Partnership or a Series as a manager, director, officer, partner (general,
limited or otherwise), member (managing or otherwise), trustee, fiduciary, employee or agent.
  

9

   

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

(d)“
Expenses” shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including all attorneys’ fees and costs, retainers, court costs, transcript costs,
fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, any federal, state, local or foreign taxes
imposed on Indemnitee as a result of the actual or deemed receipt of any payment under this Agreement (including taxes that may be imposed upon the actual or deemed receipt of payments under this Agreement with respect to the imposition of federal,
state, local or foreign taxes), secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement
or appeal of, or otherwise participating in a Proceeding.  Expenses also shall include any of the forgoing expenses incurred in connection with any appeal resulting from any Proceeding, including the principal, premium, security for, and
other costs relating to any costs bond, supersedes bond or other appeal bond or its equivalent.  Expenses also shall include any interest, assessment or other charges imposed thereon and costs incurred in preparing statements in support of
payment requests hereunder.  Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee, which are either otherwise covered by the  indemnification rights
hereunder and paid over to the Indemnitee or which are finally adjudicated by court order or judgment not to be covered by indemnification rights hereunder.

(e)“Good
 Faith” means, with respect to any determination, action or omission, of any Person, board or committee, that such Person, board or committee reached such determination, or engaged in or failed to engage in such act or omission, with the
belief that such determination, action or omission was not opposed to the interest of the Partnership or a relevant Series or was fair to the Partnership or the relevant Series.

(f)“
Proceeding” shall include any actual, threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing
or any other actual, threatened or completed proceeding, whether brought by a third party, a government agency, the Partnership, a Series or members of the Board or a committee thereof, whether in the right of the Partnership, a Series or otherwise
and whether of a civil (including intentional or unintentional tort claims), criminal, administrative, legislative or investigative (formal or informal) nature, including any appeal therefrom, in which Indemnitee was, is, will or might be involved
as a party, potential party, non-party witness or otherwise by reason of the fact that Indemnitee is or was [a member of the Board/an Officer], by reason of any action (or failure to act) taken by Indemnitee or of any action (or failure to act) on
Indemnitee’s part while acting as such, or by reason of the fact that Indemnitee is or was serving at the request of the Partnership or a Series as a manager, officer, partner (general, limited or otherwise), member (managing or otherwise),
trustee, fiduciary, employee or agent of any other enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided
under this Agreement.
 
(g)In addition, references to “other enterprise” shall include another corporation, partnership, limited liability company, joint venture, trust,
employee benefit plan or 
  

10

   

any other enterprise; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; references to
“serving at the request of the Partnership or a Series” shall include any service as a manager, officer, employee or agent of the Partnership  or a Series
which imposes duties on, or involves services by Indemnitee with respect to an employee benefit plan, its participants, or beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of
the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Partnership or a Series” as referred to in this Agreement; references to
“include” or “including” shall mean include or including, without limitation;
and references to Sections, paragraphs or clauses are to Sections, paragraphs or clauses in this Agreement unless otherwise specified.

Attorneys’ Fees

.  In the event of a Proceeding
instituted by or in the name of the Partnership or a Series under this Agreement or to enforce or interpret any of the terms of this Agreement or the LP Agreement, the Partnership (for and on behalf of the applicable Series) shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection with such Proceeding (including with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless a court of competent
jurisdiction determines that each of Indemnitee’s material defenses to such action were made in Bad Faith or were frivolous.

Miscellaneous

 .

(a)Governing Law; Consent to Personal Jurisdiction.  The validity, interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the state of Delaware, without giving effect to principles of conflicts of law.  Any action, suit, or other legal
proceeding which is commenced to resolve any matter arising under or relating to any provision of this Agreement shall be commenced only in a court of the State of Delaware (or, if appropriate, a federal court located within Delaware), and the each
of the parties hereto consent to the jurisdiction of such a court, and hereby irrevocably waive any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any provision of this Agreement.

(b)Entire Agreement; Binding Effect.  Without limiting any of the rights of Indemnitee described in Section 3(b) this Agreement sets forth the entire agreement and understanding
of the parties relating to the subject matter herein and merges all prior discussions and supersedes any and all previous agreements between them covering the subject matter herein.  The indemnification provided under this Agreement
applies with respect to events occurring before, on or after the effective date of this Agreement, and shall continue to apply even after Indemnitee has ceased to serve the Partnership in any and all indemnified capacities.

(c)Amendments and Waivers.  No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be
effective unless in writing signed by the parties to this Agreement.  No delay or failure to require performance of any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance. 

 

11

   

(d)Successors
 and Assigns.  This Agreement shall be binding upon the Partnership, each Series and their  successors
(including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Partnership or, as applicable, a Series) and assigns, and inure to the benefit of Indemnitee
and Indemnitee’s heirs, executors, administrators, legal representatives and assigns.  The Partnership (for and on behalf of the applicable Series) shall require and cause any successor (whether direct or indirect by purchase,
merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Partnership or a Series, 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 Partnership (for and on behalf of the applicable Series) would be required to perform if no such succession had taken place, but the failure of a successor so to do shall not adversely
affect Indemnitee’s indemnification rights against such successor in accordance with this Agreement.

(e)Notices.  Any notice, demand or request required or permitted to be given under this Agreement (“Notice”) shall be in writing and
delivered by e-mail, as follows: 

If to the Partnership,
addressed to legalnotice@roxfinancial.com

If to Indemnitee, addressed
to [           ].

Notice given by electronic mail shall be
effective upon actual receipt if received during the recipient's normal business hours, or at the beginning of the recipient's next business day after receipt if not received during the recipient's normal business hours.  Any party may
change any address to which Notice is to be given to it by giving Notice as provided above of such change of address. 

(f)Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to
renegotiate such provision in good faith.  In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the
balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 

(g)Counterparts.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and all of which together
shall constitute one and the same agreement.  Execution of a facsimile or scanned copy will have the same force and effect as execution of an original, and a facsimile or scanned signature will be deemed an original and valid signature.

(h)No Employment Rights.  Nothing contained in this Agreement is intended to create in Indemnitee any right to employment by the Partnership, a Series or the General Partner.

 

12

   

(i)Partnership
 Position.  The Partnership (for and on behalf of the applicable Series) shall be precluded from asserting, in any
Proceeding brought for purposes of establishing, enforcing or interpreting any right to indemnification under this Agreement, that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any
such court that the Partnership (for and on behalf of the applicable Series) is bound by all the provisions of this Agreement and is precluded from making any assertion to the contrary.

(j)Subrogation.  Subject to Section 3(d), in the event of payment under this Agreement, the Partnership (for and on behalf of the applicable Series) shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Partnership (for and on behalf of the applicable
Series) to effectively bring suit to enforce such rights.

[Signature Page
Follows]
  

13

   

The parties have executed this Indemnification Agreement as of the date first set forth above.

 
 
		
	
the Partnership:

	  

	 ROX
FINANCIAL LP

	  

	
by ROX Financial GP
LLC,

	  
	 its general
partner

	  
	  

	
By:
	  

	  
	
Name: Anthony Moro

	  
	 Title:
President

  
 
		
	
By:
	  

	  
	
Name: David Ronn

	  
	 Title:
Chief Legal Officer

  
 
	
	 AGREED TO
AND ACCEPTED:

	  

	
INDEMNITEE:

	  

	
Name:
[                ]

 

 

14

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