Document:

exv10w4

 

EXHIBIT
10.4

AMENDED AND RESTATED

MARKETING AGREEMENT

     THIS AMENDED AND RESTATED MARKETING
AGREEMENT (“Agreement”), dated as of February 27, 2007, is
made by and among PROINVEST
REALTY ADVISORS LLC (“Company Sponsor”), a Texas limited liability
company, PROINVEST REALTY FUND LLC (“Company”),
a Delaware limited liability company, and CRITICAL DATA INC (“Consultant”),
a Washington corporation.

WITNESSETH:

     

WHEREAS, the Consultant proposes to provide
certain marketing services (“Marketing Services”) to the Company
Sponsor and to the Company incident to the
offering (“Offering”) and sale by the Company of up to $100 million of membership
interests (any one, “Unit;” all together, “Units”) in the Company
at a price per Unit of $10,000 and as to be more particularly
described in the prospectus and all supplements and amendments thereto from
time to time (all together, “Prospectus”) describing the Offering and
constituting a part of the Form S-11 registration statement
(“Form S-11”) to
be filed by the Company with the Securities and Exchange Commission; and

     
WHEREAS, the Company Sponsor and the Company propose to engage the
Consultant to provide the Marketing Services; and

     

WHEREAS, the Company Sponsor, acting on its own behalf and on behalf of the Company, and the Consultant mutually executed and
delivered that other certain Marketing Agreement, dated February 27, 2007, which the Company Sponsor, the Company and the
Consultant now propose to modify, amend, and restate
in its entirety by the execution and delivery hereof;

     

NOW THEREFORE, for and (consideration of the mutual agreements
herein and) other good, valuable,
sufficient, and received consideration, the Company Sponsor, the Company, and the Consultant hereby agree
as follows:

     

Section 1. Marketing Services. At the outset of this Agreement, the Consultant shall promptly familiarize itself with the Confidential Business
Plan for Proinvest Realty Advisors LLC and Confidential Business Plan for Proinvest Realty Fund LLC (“Business Plan”) heretofore
provided by the Company Sponsor to the Consultant.
The Company Sponsor shall endeavor to timely and fully respond to information
and document requests from the Consultant with respect to the Business Plan, the
(transactions contemplated thereby, and marketing issues) identified by the Consultant so as to enable the Consultant to perform its obligations
hereunder. Based upon the Business Plan,
the Consultant has prepared and delivered to the Company Sponsor and the Company a
comprehensive marketing plan (“Marketing Plan”) for the marketing of
the Units to prospective investors (“Prospective Investors”) in the Company.
The Marketing Plan includes (a) specific marketing recommendations of the Consultant as to
achieving a full subscription by Prospective Investors to the Offering, (b)
a detailed budget of the expected costs and expenses for full implementation of the Marketing
Plan, and (c) a detailed timeline (schedule) for full implementation of the Marketing Plan. All
permanent policies or

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actions required as a result of the Marketing Plan, and recommendations made to the
Consultant by third parties, are subject to the approval of the Company Sponsor.

The Marketing Plan includes (a) an analysis of comparable and competitive offerings similar to the
Offering, (b) recommendations for structural changes, if any, to the Company, and (c) a plan for
the active advertisement and marketing of the Units in compliance with the requirements and
limitations of all applicable state and federal securities regulation laws (together, “Securities
Laws”), including advertising devices, brochures, and other collateral materials and marketing
presentations (all together, “Other Offering Materials”), and (d) a plan for securing Prospective
Investors as contemplated by the preceding paragraph. In implementing the Marketing Plan, the
Consultant shall, as necessary and appropriate, consult with Prospera Financial Services Inc
(“Managing Broker-Dealer”), a Texas corporation, the broker-dealer who will manage the sale of the
Units through licensed broker-dealers and other third party registered intermediaries. The
Consultant shall diligently and timely cooperate with and assist the Company Sponsor and the
Company in the implementation of the Marketing Plan, and shall perform all such functions, duties,
and discharge all such responsibilities, as shall be allocated to the Consultant under the
Marketing Plan.

Any term or condition hereof to the contrary notwithstanding, the Consultant hereby expressly
acknowledges and agrees that the Business Plan, the Marketing Plan, and any and all work product
of any kind, character, or description produced by or through the efforts of the Consultant
incident to the provision of the Marketing Services, including without limitation prospective
purchaser lists, databases, contact information, document layouts and designs, sales materials,
published or unpublished financial information, published or unpublished business plans other than
the Business Plan, published or unpublished marketing plans other than the Marketing Plan,
financial and other projections, marketing data, guides, manuals, charts, graphics, research
information, business procedures, trademarks and related rights, service marks and related rights,
copyrights and related rights, patents and related rights, URL’s, tradenames, telephone numbers,
and business information generally, whether in tangible, intangible, visual, or electronic format,
are and shall remain the exclusive property of the Company Sponsor and the Company.

     Section 2. No General Solicitation. Neither the Consultant nor any person or entity
affiliated directly or indirectly with the Consultant (any one, “Consultant Affiliate”) may engage
in any “general solicitation” or “advertising,” as each of such terms is defined in and interpreted
under the Securities Laws, including most particularly the Securities Act of 1933, in any effort by
the Company, the Managing Broker-Dealer, or any other party to procure Prospective Investors.

     Section 3. Certain Sales of Units on Net Asset Value Basis. The Company shall cause the
Managing Broker-Dealer to arrange sales (“Fee Remission Sales”) of the Units to the principals
(“Consultant Principals”) of the Consultant, if so requested by the Consultant, for the personal
account of the Consultant Principals and on a net asset value basis, i.e., without payment of any
fee to the Managing Broker-Dealer, any broker dealer

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selling
commissions or concessions, or any participating broker dealer marketing fees or expenses (“Net Asset
Value Basis”).

     With respect to any Fee
Remission Sales of Units on a Net Asset Value Basis to the
Consultant Principals or to the principals of the Company Sponsor or the
Managing Broker Dealer, for the personal account of any such principals, if
so requested by such principals, shall also be made without payment
of any Consultant Fees otherwise payable to the Consultant hereunder.

     
Any Fee Remission Sales shall be subscribed to by means of a subscription agreement specifically prepared
by the Company Sponsor for Fee Remission Sales.

     

Section 4. Confidential Information.

The Consultant shall at all times prior to , and after, a Termination (hereinafter
defined) maintain as confidential and proprietary solely to the
Company Sponsor and the Company any and all information, data,
plans, surveys, and work product (all together, “Confidential
Information”) of
whatever kind, character, or description, including the Business Plan
and the Marketing Plan, resulting from the rendition of the Marketing Services
or provided to the  Consultant by or at the behest of the Company sponsor, the
Company, the Managing Broker-Dealer, or any other party incident to the Offering
or the business and affairs of the Company Sponsor and the Company
generally. Without limitation, the Confidential Information shall include  (a) any existing,
planned, or proposed strategic, marketing, and other business plans and strategies of the Company Sponsor and
the Company, including any such plans and strategies proposed or developed by the Consultants, (b) the
identities of persons and entities with whom the Company Sponsor and the Company
presently does, or with whom the Company Sponsor and the Company propose doing,
business, (c) any transactional structural proposals or models of or
by the Company Sponsor, the Company, and the Consultant, (d) any existing,
planned, or proposed business operations, products,
or services of the Company Sponsor and the Company, (e) any
financial information, projections, pro forma and other analyses, compilations, models, statements, and reports to
or by the Company Sponsor, the Company, and
the Consultant, (f) any existing, planned ,or proposed business operations,
 systems strategies, or methodologies of the Company Sponsor and the Company, (g) any existing,
planned, or proposed customer, client, or Prospective Investor lists
of the Company Sponsor and the Company, and (g) generally, as to all of the
information and materials described in the preceding subparts
(a) through (f) of this Section 3, any such information and
materials in whatever  form, format, or medium, including without
limitation written, verbal, electronic,
mechanical, or graphic form or format. To the extent
requested by the Company Sponsor and the Company, all Confidential Information shall be copyrighted by the Consultant solely
in the name of the Company Sponsor and/or the Company.

     Section 5. Compensation and Expense Reimbursement of the Consultant.

The Consultant is hereby appointed the exclusive marketing agent for the Company.
The Company shall pay, or cause to be paid, to the Consultant (a) current
marketing consultant fees (“Consultant Fees”) in amounts
equal to 0.25% (or $25.00) per Unit sold and for which the
Company has actually received funds, plus (b) trailing marketing

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Consultant fees (“Trailing Consultant Fees”), payable (i) solely from the subordinated
aggregate 30% residual interest in the company retained by the
Company Sponsor, the Consultant, and Prospera Financial Services Inc, and (ii) in amounts equal to 2.0%
of the cash flow received by the Company from time to time derived solely from the disposition
of any real estate asset (“Company Asset”)
owned by the Company, and after payment by the
Company of (A) all indebtedness related to the Company  Asset being
sold, (B) all selling expenses related to the Company Asset being sold,
(C) the establishment of reasonable, necessary, and prudent capital
reserves by the Company from the proceeds received by the Company from the Company Asset being
sold, and (D) the payment and distribution with respect  to the Units of all amounts necessary for the
Units to achieve an 8% internal rate of return. The company shall
also pay or
reimburse to the Consultant  all of the reasonable, necessary, normal, and appropriately documented expenses
(“Consultant Expenses”) incurred by the Consultant related to the Offering and the rendition by the Consultant of the Marketing
Services. The Consultant shall deliver to the Company Sponsor  a statement of
the Consultant Expenses on or before the last calendar day
of each calendar month and the Company Sponsor shall pay or cause the Consultant Expenses noted
in such statement to be paid on or before the
15th calendar day of the next succeeding
calendar  month. The
Consultant Fees and the Consultant Trailing
Fees shall be paid on or before the
15th calendar day of the calendar month next
succeeding the calendar month for which such fees become due and payable. The
Consultant shall be entitled to payment of Consultant Fees and Trailing
Consultant Fees calculated as specified herein until the
sale of the last asset of the Company, irrespective
of a Termination (as hereinafter defined).
The payments to be made under this paragraph are expressly subject to,
and may be limited by, the rules
and regulations of the National Association of Securities Dealers.

     Section 6. Termination.

This Agreement may be terminated (“Termination”) by either the Company Sponsor, the
Company, or the Consultant at any time after not less than
90 days prior written notice by the Company Sponsor,
the Company, or the
Consultant to each of the others. Upon a Termination, the Consultant shall deliver
to the Company Sponsor and/or the Company within 15 days
thereafter (a) an accounting itemizing (i) any Consultant Fees and Trailing Consultant
Fees accrued or earned and unpaid as of the date
of the Termination, plus (ii) all Consultant Expenses unpaid as of the date of the Termination,
and (b) all Confidential Information in the possession of or reasonably  available to
the Consultant.

     Section 7. Notices.

All notices required, permitted or convenient under this Agreement shall be
in writing and shall be deemed delivered when deposited into a regularly maintained receptacle of the United States Postal Service
as first class, postage pre-paid, return
receipt requested certified mail, and
addressed (a) if to the Company Sponsor: Proinvest Realty Advisors LLC, 8333 Douglas
Ave, Ste 1450, Dallas TX 75225, Attn: G N Olson,
Pres & CEO, (b) if to the Company: Proinvest Realty Fund LLC, 8333 Douglas Ave,
Ste 1450, Dallas TX 75225, Attn: G N Olson, Pres & CEO, and (c) if to the Consultant:
Critical Data, Inc, Undercliff Mansion, 703 W
7th St, Spokane WA 99204,
Attn: William D Hockett, President.

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     Section 8. Status of the Parties.
Nothing in this Agreement shall be deemed or construed to create a partnership or joint Venture between the
Company and the Consultant. At all times during the
effectiveness of this Agreement, the consultant shall be,
and shall act solely as, an
independent
contractor with the Company Sponsor and the Company.

     Section 9.

No Third-party Beneficiaries. This Agreement is personal to the Consultant, the Company Sponsor, and the
Company and is for the sole but mutual benefit of the Consultant, the
Company Sponsor, and the Company. No third
party shall, under any circumstances,
constitute a third-party beneficiary of
this Agreement. This Agreement may not be transferred, assigned,
conveyed, pledged, or hypothecated, by operation of law or
otherwise, by the Consultant to any other party.

     Section 10. Applicable Law and Venue.

This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas. Venue
for resolution of any dispute hereunder shall lie exclusively in Dallas County, Texas.

     Section 11.

Counterparts. This Agreement may be executed in counterparts, and
each such counterpart shall constitute an original.

IN WITNESS
WHEREOF, this Agreement has been executed by the Company Sponsor
and the Consultant on the date first recited.

	 	 	 	 	 
	 	 	PROINVEST REALTY ADVISORS LLC, a 
Texas limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	/s/ G N Olson
	 

	 	 	 	 
	 

	 	 	 	G N Olson
	 

	 	 	 	President & Chief Executive Officer
	 
	 	 	 	 
	 	 	PROINVEST REALTY FUND LLC, a
	 	 	Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	/s/ G N Olson
	 

	 	 	 	 
	 

	 	 	 	G N Olson
	 

	 	 	 	President & Chief Executive Officer
	 
	 	 	 	 
	 	 	CRITICAL DATA INC, a Washington
corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William D Hockett
	 

	 	 	 	 
	 

	 	 	 	William D Hockett
	 

	 	 	 	President

5exv10w15

 

Exhibit 10.15

NETEZZA CORPORATION

Indemnification Agreement

     This Agreement is made as of the ___day of June, 2007, by and between Netezza
Corporation, a Delaware corporation (the “Corporation), and _________
(the “Indemnitee”), a
director or executive officer of the Corporation.

     WHEREAS, it is essential to the Corporation to retain and attract as directors and executive
officers the most capable persons available, and

     WHEREAS, the substantial increase in corporate litigation subjects directors and executive
officers to expensive litigation risks at the same time that the availability of directors’ and
officers’ liability insurance has been severely limited, and

     WHEREAS, it is now and has always been the express policy of the Corporation to indemnify its
directors and executive officers, and

     WHEREAS, the Indemnitee does not regard the protection available under the Corporation’s
Certificate of Incorporation and insurance as adequate in the present circumstances, and may not be
willing to serve or continue to serve as a director or executive officer without adequate
protection, and

     WHEREAS, the Corporation desires the Indemnitee to serve, or continue to serve, as a director
or executive officer of the Corporation.

     NOW THEREFORE, the Corporation and the Indemnitee do hereby agree as follows:

     1. Agreement to Serve. The Indemnitee agrees to serve or continue to serve as a
director or executive officer of the Corporation for so long as the Indemnitee is duly elected or
appointed or until such time as the Indemnitee tenders a resignation in writing.

     2. Definitions. As used in this Agreement:

          (a) The term “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, alternative dispute resolution proceeding, administrative hearing or other proceeding,
whether brought by or in the right of the Corporation or otherwise and whether of a civil,
criminal, administrative or investigative nature, and any appeal therefrom.

          (b) The term “Corporate Status” shall mean the status of a person who is or was, or has agreed
to become, a director or executive officer of the Corporation, or is or was serving, or has agreed
to serve, at the request of the Corporation, as a director, officer, fiduciary, partner, trustee,
member, employee or agent of, or in a similar capacity with, another corporation, partnership,
joint venture, trust, limited liability company or other enterprise.

 

 

          (c) The term “Expenses” shall include, without limitation, attorneys’ fees, retainers, court
costs, transcript costs, fees and expenses of experts, travel expenses, duplicating costs, printing
and binding costs, telephone charges, postage, delivery service fees and other disbursements or
expenses of the types customarily incurred in connection with investigations, judicial or
administrative proceedings or appeals, but shall not include the amount of judgments, fines or
penalties against Indemnitee or amounts paid in settlement in connection with such matters.

          (d) References to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise tax assessed with respect to any employee benefit plan; references
to “serving at the request of the Corporation” shall include any service as a director, officer,
employee or agent of the Corporation which imposes duties on, or involves services by, such
director, officer, employee, or agent with respect to an employee benefit plan, its participants,
or beneficiaries; and a person who acted in good faith and in a manner such person reasonably
believed to be in the interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation” as
referred to in this Agreement.

     3. Indemnity of Indemnitee. Subject to Sections 6, 7 and 9, the Corporation shall
indemnify the Indemnitee in connection with any Proceeding as to which the Indemnitee is, was or is
threatened to be made a party (or is otherwise involved) by reason of the Indemnitee’s Corporate
Status, to the fullest extent permitted by law (as such may be amended from time to time). In
furtherance of the foregoing and without limiting the generality thereof:

          (a) Indemnification in Third-Party Proceedings. The Corporation shall indemnify the
Indemnitee in accordance with the provisions of this Section 3(a) if the Indemnitee was or is a
party to or threatened to be made a party to or otherwise involved in any Proceeding (other than a
Proceeding by or in the right of the Corporation to procure a judgment in its favor or a Proceeding
referred to in Section 6 below) by reason of the Indemnitee’s Corporate Status or by reason of any
action alleged to have been taken or omitted in connection therewith, against all Expenses,
judgments, fines, penalties and amounts paid in settlement actually and reasonably incurred by or
on behalf of the Indemnitee in connection with such Proceeding, if the Indemnitee acted in good
faith and in a manner which the Indemnitee reasonably believed to be in, or not opposed to, the
best interests of the Corporation and, with respect to any criminal Proceeding, had no reasonable
cause to believe that his or her conduct was unlawful.

          (b) Indemnification in Proceedings by or in the Right of the Corporation. The
Corporation shall indemnify the Indemnitee in accordance with the provisions of this Section 3(b)
if the Indemnitee was or is a party to or threatened to be made a party to or otherwise involved in
any Proceeding by or in the right of the Corporation to procure a judgment in its favor by reason
of the Indemnitee’s Corporate Status or by reason of any action alleged to have been taken or
omitted in connection therewith, against all Expenses and, to the extent permitted by law, amounts
paid in settlement actually and reasonably incurred by or on behalf of the Indemnitee in connection
with such Proceeding, if the Indemnitee acted in good faith and in a manner which the Indemnitee
reasonably believed to be in, or not opposed to, the best interests of the Corporation, except
that, if applicable law so provides, no indemnification shall be made under this Section 3(b) in
respect of any claim, issue, or matter as to which the Indemnitee shall

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have been adjudged to be liable to the Corporation, unless, and only to the extent, that the
Court of Chancery of Delaware or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of such liability but in view of all the
circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such
Expenses as the Court of Chancery or such other court shall deem proper.

     4. Indemnification of Expenses of Successful Party. Notwithstanding any other
provision of this Agreement, to the extent that the Indemnitee has been successful, on the merits
or otherwise, in defense of any Proceeding or in defense of any claim, issue or matter therein
(other than a Proceeding referred to in Section 6), the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by or on behalf of the Indemnitee in connection
therewith. Without limiting the foregoing, if any Proceeding or any claim, issue or matter therein
is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i)
the disposition being adverse to the Indemnitee, (ii) an adjudication that the Indemnitee was
liable to the Corporation, (iii) a plea of guilty or nolo contendere by the Indemnitee, (iv) an
adjudication that the Indemnitee did not act in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Corporation, and (v) with
respect to any criminal proceeding, an adjudication that the Indemnitee had reasonable cause to
believe his or her conduct was unlawful, the Indemnitee shall be considered for the purposes hereof
to have been wholly successful with respect thereto.

     5. Indemnification for Expenses of a Witness. To the extent that the Indemnitee is,
by reason of the Indemnitee’s Corporate Status, a witness in any Proceeding to which the Indemnitee
is not a party, the Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by or on behalf of the Indemnitee in connection therewith.

     6. Exceptions to Right of Indemnification. Notwithstanding anything to the contrary
in this Agreement, except as set forth in Section 10, the Corporation shall not indemnify the
Indemnitee in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless the
initiation thereof was approved by the Board of Directors of the Corporation. Notwithstanding
anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to
the extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the
Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently
reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such
indemnification payments to the Corporation to the extent of such insurance reimbursement.

     7. Notification and Defense of Claim. As a condition precedent to the Indemnitee’s
right to be indemnified, the Indemnitee must notify the Corporation in writing as soon as
practicable of any Proceeding for which indemnity will or could be sought. With respect to any
Proceeding of which the Corporation is so notified, the Corporation will be entitled to participate
therein at its own expense and/or to assume the defense thereof at its own expense, with legal
counsel reasonably acceptable to the Indemnitee. After notice from the Corporation to the
Indemnitee of its election so to assume such defense, the Corporation shall not be liable to the
Indemnitee for any legal or other expenses subsequently incurred by the Indemnitee in connection
with such Proceeding, other than as provided below in this Section 7. If the Corporation assumes
the defense of a Proceeding, the Indemnitee shall have the right to employ

3

 

his or her own counsel in connection with such Proceeding, but the fees and expenses of such
counsel incurred after notice from the Corporation of its assumption of the defense thereof shall
be at the expense of the Indemnitee unless (i) the employment of counsel by the Indemnitee has been
authorized by the Corporation, (ii) counsel to the Indemnitee shall have reasonably concluded that
there may be a conflict of interest or position on any significant issue between the Corporation
and the Indemnitee in the conduct of the defense of such Proceeding or (iii) the Corporation shall
not in fact have employed counsel to assume the defense of such Proceeding, in each of which cases
the fees and expenses of counsel for the Indemnitee shall be at the expense of the Corporation,
except as otherwise expressly provided by this Agreement. If the Corporation does not assume the
defense of a Proceeding, the Indemnitee shall have the right to employ his or her own counsel in
connection with such Proceeding, and the fees and expenses of such counsel shall be at the expense
of the Company. In any circumstance under which the Corporation is responsible for the fees and
expenses of counsel for the Indemnitee, (i) such counsel must be approved by the Corporation, which
approval shall not be unreasonably withheld, (ii) the Corporation shall not be responsible for the
fees and expenses of more than one law firm per Indemnitee and (iii) Indemnitee’s counsel shall
cooperate reasonably with the Corporation’s counsel to minimize the cost of defending claims
against the Corporation and the Indemnitee. The Corporation shall not be entitled, without the
consent of the Indemnitee, to assume the defense of any claim brought by or in the right of the
Corporation or as to which counsel for the Indemnitee shall have reasonably made the conclusion
provided for in clause (ii) above. The Corporation shall not be required to indemnify the
Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected
without its written consent. The Corporation shall not settle any Proceeding in any manner that
would impose any penalty or limitation on the Indemnitee without the Indemnitee’s written consent.
Neither the Corporation nor the Indemnitee will unreasonably withhold or delay their consent to any
proposed settlement.

     8. Advancement of Expenses. Subject to the provisions of Section 9, in the event that
the Corporation does not assume the defense pursuant to Section 7 of any Proceeding of which the
Corporation receives notice under this Agreement, any Expenses actually and reasonably incurred by
or on behalf of the Indemnitee in defending such Proceeding shall be paid by the Corporation in
advance of the final disposition of such Proceeding; provided, however, that the payment of
such Expenses incurred by or on behalf of the Indemnitee in advance of the final disposition of
such Proceeding shall be made only upon receipt of an undertaking by or on behalf of the Indemnitee
to repay all amounts so advanced in the event that it shall ultimately be determined that the
Indemnitee is not entitled to be indemnified by the Corporation as authorized in this Agreement.
Such undertaking shall be accepted without reference to the financial ability of the Indemnitee to
make repayment. Any advances and undertakings to repay pursuant to this Section 8 shall be
unsecured and interest-free.

     9. Procedures.

          (a) In order to obtain indemnification or advancement of Expenses pursuant to this Agreement,
the Indemnitee shall submit to the Corporation a written request, including in such request such
documentation and information as is reasonably available to the Indemnitee and is reasonably
necessary to determine whether and to what extent the Indemnitee is entitled to indemnification or
advancement of Expenses. Any such indemnification or advancement of

4

 

Expenses shall be made
promptly, and in any event within 60 days after receipt by the Corporation of the written request of the Indemnitee, unless the Corporation determines within
such 60-day period that the Indemnitee did not meet the applicable standard of conduct. Such
determination, and any determination that advanced Expenses must be repaid to the Corporation,
shall be made in each instance (a) by a majority vote of the directors of the Corporation
consisting of persons who are not at that time parties to the Proceeding (“disinterested
directors”), whether or not a quorum, (b) by a committee of disinterested directors designated by a
majority vote of disinterested directors, whether or not a quorum, (c) if there are no
disinterested directors, or if the disinterested directors so direct, by independent legal counsel
(who may, to the extent permitted by applicable law, be regular legal counsel to the Corporation)
in a written opinion, or (d) by the stockholders of the Corporation.

          (b) 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 the
Indemnitee did not act in good faith and in a manner that the Indemnitee reasonably believed to be
in, or not opposed to, the best interests of the Corporation, and, with respect to any criminal
Proceeding, had reasonable cause to believe that his or her conduct was unlawful.

          (c) The Indemnitee shall cooperate with the person, persons or entity making such
determination with respect to the Indemnitee’s entitlement to indemnification, including providing
to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to
the Indemnitee and reasonably necessary to such determination. Any Expenses actually and
reasonably incurred by the Indemnitee in so cooperating shall be borne by the Corporation
(irrespective of the determination as to the Indemnitee’s entitlement to indemnification) and the
Corporation hereby indemnifies the Indemnitee therefrom.

     10. Remedies. The right to indemnification or advancement of Expenses as provided by
this Agreement shall be enforceable by the Indemnitee in any court of competent jurisdiction if the
Corporation denies such request, in whole or in part, or if no disposition thereof is made within
the applicable period referred to in Section 9. Unless otherwise required by law, the burden of
proving that indemnification or advancement of Expenses is not appropriate shall be on the
Corporation. Neither the failure of the Corporation to have made a determination prior to the
commencement of such action that indemnification is proper in the circumstances because the
Indemnitee has met the applicable standard of conduct, nor an actual determination by the
Corporation that the Indemnitee has not met such applicable standard of conduct, shall be a defense
to the action or create a presumption that the Indemnitee has not met the applicable standard of
conduct. The Indemnitee’s Expenses actually and reasonably incurred in connection with
successfully establishing the Indemnitee’s right to indemnification, in whole or in part, in any
such Proceeding shall also be indemnified by the Corporation.

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

5

 

such Expenses, judgments, fines, penalties or amounts paid in settlement to which the
Indemnitee is entitled.

     12. Subrogation. In the event of any payment under this Agreement, the Corporation
shall be subrogated to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all papers required and take all action necessary to secure such
rights, including execution of such documents as are necessary to enable the Corporation to bring
suit to enforce such rights.

     13. Term of Agreement. This Agreement shall continue until and terminate upon the
later of (a) six years after the date that the Indemnitee shall have ceased to serve as a director
or executive officer of the Corporation or, at the request of the Corporation, as a director,
officer, partner, trustee, member, employee or agent of another corporation, partnership, joint
venture, trust, limited liability company or other enterprise or (b) the final termination of all
Proceedings pending on the date set forth in clause (a) in respect of which the Indemnitee is
granted rights of indemnification or advancement of Expenses hereunder and of any proceeding
commenced by the Indemnitee pursuant to Section 10 of this Agreement relating thereto.

     14. Miscellaneous.

          (a) Indemnification Hereunder Not Exclusive. The indemnification and advancement of
Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which the
Indemnitee may be entitled under the Certification of Incorporation, the By-Laws, any other
agreement, any vote of stockholders or disinterested directors, the General Corporation Law of
Delaware, any other law (common or statutory), or otherwise, both as to action in the Indemnitee’s
official capacity and as to action in another capacity while holding office for the Corporation.
Nothing contained in this Agreement shall be deemed to prohibit the Corporation from purchasing and
maintaining insurance, at its expense, to protect itself or the Indemnitee against any expense,
liability or loss incurred by it or the Indemnitee in any such capacity, or arising out of the
Indemnitee’s status as such, whether or not the Indemnitee would be indemnified against such
expense, liability or loss under this Agreement; provided that the Corporation shall not be liable
under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the
extent that the Indemnitee has otherwise actually received such payment under any insurance policy,
contract, agreement or otherwise.

          (b) No Special Rights. Nothing herein shall confer upon the Indemnitee any right to
continue to serve as a director or executive officer of the Corporation for any period of time or
at any particular rate of compensation.

          (c) Savings Clause. If this Agreement or any portion thereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Corporation shall nevertheless
indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement
with respect to any Proceeding to the full extent permitted by any applicable portion of this
Agreement that shall not have been invalidated and to the fullest extent permitted by applicable
law.

6

 

          (d) Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall constitute the original.

          (e) Successors and Assigns. This Agreement shall be binding upon the Corporation and
its successors and assigns and shall inure to the benefit of the estate, heirs, executors,
administrators and personal representatives of the Indemnitee.

          (f) Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

          (g) Modification and Waiver. This Agreement may be amended from time to time to
reflect changes in Delaware law or for other reasons. 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 nor shall any such waiver constitute a continuing waiver.

          (h) Notices. All notices, requests, demands and other communications hereunder shall
be in writing and shall be deemed to have been given (i) when delivered by hand or (ii) if mailed
by certified or registered mail with postage prepaid, on the third day after the date on which it
is so mailed:

if to the Indemnitee, to:

 

 

 

if to the Corporation, to:

Netezza Corporation

200 Crossing Boulevard

Framingham, MA 01702

Attn: Chief Executive Officer

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

          (i) Applicable Law. This Agreement shall be governed by, and construed and enforced
in accordance with, the laws of the State of Delaware. The Indemnitee may elect to have the right
to indemnification or reimbursement or advancement of Expenses interpreted on the basis of the
applicable law in effect at the time of the occurrence of the event or events giving rise to the
applicable Proceeding, to the extent permitted by law, or on the basis of the applicable law in
effect at the time such indemnification or reimbursement or advancement of Expenses is sought.
Such election shall be made, by a notice in writing to the Corporation, at the time indemnification
or reimbursement or advancement of Expenses is sought; provided, however, that if
no such notice is given, and if the General Corporation Law of Delaware is amended, or other
Delaware law is enacted, to permit further indemnification of the directors and officers,

7

 

then the Indemnitee shall be indemnified to the fullest extent permitted under the General
Corporation Law, as so amended, or by such other Delaware law, as so enacted.

          (j) Enforcement. The Corporation expressly confirms and agrees that it has entered
into this Agreement in order to induce the Indemnitee to continue to serve as a director or
executive officer of the Corporation, and acknowledges that the Indemnitee is relying upon this
Agreement in continuing in such capacity.

          (k) Entire Agreement. This Agreement sets forth the entire agreement of the parties
hereto in respect of the subject matter contained herein and supercedes all prior agreements,
whether oral or written, by any officer, employee or representative of any party hereto in respect
of the subject matter contained herein; and any prior agreement of the parties hereto in respect of
the subject matter contained herein is hereby terminated and cancelled. For avoidance of doubt,
the parties confirm that the foregoing does not apply to or limit the Indemnitee’s rights under
Delaware law or the Corporation’s Certificate of Incorporation or By-Laws.

          (l) Consent to Suit. In the case of any dispute under or in connection with this
Agreement, the Indemnitee may only bring suit against the Corporation in the Court of Chancery of
the State of Delaware. The Indemnitee hereby consents to the exclusive jurisdiction and venue of
the courts of the State of Delaware, and the Indemnitee hereby waives any claim the Indemnitee may
have at any time as to forum non conveniens with respect to such venue. The Corporation shall have
the right to institute any legal action arising out of or relating to this Agreement in any court
of competent jurisdiction. Any judgment entered against either of the parties in any proceeding
hereunder may be entered and enforced by any court of competent jurisdiction.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	NETEZZA CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Jitendra Saxena	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:
	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	INDEMNITEE	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

8

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