Document:

ELEVATION
FRANCHISE VENTURES, LLC

 

SUBORDINATED
PROMISSORY NOTE

 

	$2,300,000	 	June
    19, 2019

 

FOR
VALUE RECEIVED, Elevation Franchise Ventures, LLC, a Delaware limited liability company (“Company”), promises
to pay to FAT Brands Inc., a Delaware corporation (“Holder”), or its registered assigns, the principal sum
of Two Million Three Hundred Thousand Dollars ($2,300,000), together with interest on the unpaid principal balance of this Note
at a rate equal to six percent (6.0%) per annum, from the date of this Subordinated Promissory Note (this “Note”)
until the principal amount hereof and all interest accrued thereon is paid (or offset as provided in Section 2(a)). Subject
to earlier offset as provided in Section 2(a), payment of this Note shall be amortized, with equal payments in the amount
of Thirty-Three Thousand Six Hundred Dollars ($33,600) due on the third (3rd) day of each month in an amount calculated to pay
off the debt, including accrued interest on the outstanding balance, over a fixed term of eighty-four (84) months, with the first
payment due August 3, 2019 and the final payment due and payable on August 3, 2026 (the “Maturity Date”). Notwithstanding
the foregoing, however, in the event that Holder does not deliver any payment to Company within five (5) Business Days after the
date a payment is due under the Buyer Note, Company’s payment obligation under this Note shall be excused until such time
as Company has received such missed payment from Holder.

 

This
Note and the Convertible Subordinated Promissory Note issued to Company by Holder of even date herewith (the “Buyer Note”)
are issued pursuant to, and subject to the terms of, that certain Membership Interest Purchase Agreement dated as of June 19,
2019 (the “Purchase Agreement”), by and among Holder, as Buyer, Company and AH-HA Holdings, LLC, as Sellers,
and the Sellers’ Representative named therein and, to the extent provided therein, the other individuals identified on the
signature page thereto. All capitalized terms used but not otherwise defined in this Note have the meanings ascribed thereto in
the Purchase Agreement.

 

1.
Payments.
All payments of principal and interest shall be in lawful money of the United States of America and shall be made to Holder at
Holder’s address not later than 5:00 p.m. Eastern Time on the date such payments are due and payable (or, if such day is
not a Business Day, on the next Business Day) by check payable to Holder or by wire transfer of immediately available funds to
an account specified by Holder.

 

2.
Offset.

 

(a)
Offset; Option. Provided that each of
Company and Holder has made on-time payments pursuant to the Buyer Note and this Note, as applicable, for a period of three (3)
years following the Closing Date, Holder shall have the right, exercisable at any time thereafter, to offset (i) the outstanding
principal amount hereof and all interest accrued and unpaid thereon against (ii) the outstanding principal amount of the Buyer
Note and all interest accrued and unpaid thereon, in which event Holder shall deliver the net balance owed under the Buyer Note
after such offset (the “Offset Balance”) to Company as described below. In the event that Holder exercises
such option, Holder shall provide to Company written notice thereof (the “Option Notice”).

 

    	 

    	 

    

 

(b)
Termination of Rights. All rights with
respect to this Note shall terminate upon full payment hereof or upon payment of the Offset Balance pursuant to Section 2(a),
whether or not this Note has been surrendered. Notwithstanding the foregoing, Holder agrees to surrender this Note to Company
for cancellation as soon as is practicable following full payment hereof or following payment of the Offset Balance, as applicable.

 

3.
Events of Default.
The occurrence of any of the following shall constitute an “Event of Default” under this Note and the other
Transaction Documents:

 

(a)
Failure to Pay. Company, twice in any
consecutive twelve (12) month period, fails to deliver payment when due under this Note to Holder within five (5) Business Days
of the Company’s receipt of written notice to Company of such failure to pay;

 

(b)
Breaches of Covenants. Company fails to
observe or perform any other covenant, obligation, condition or agreement contained in this Note and such failure continues for
twenty (20) Business Days after the Company’s receipt of written notice of such failure;

 

(c)
Voluntary Bankruptcy or Insolvency Proceedings.
The Company (i) applies for or consents to the appointment of a receiver, trustee, liquidator or custodian of itself or of all
or a substantial part of its property; (ii) admits in writing its inability to pay its debts generally as they mature; (iii) makes
a general assignment for the benefit of its or any of its creditors; (iv) is dissolved or liquidated; (v) commences a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or consents to any such relief or to the appointment of or taking possession
of its property by any official in an involuntary case or other proceeding commenced against it; or (vi) takes any action for
the purpose of effecting any of the foregoing; or

 

(d)
Involuntary Bankruptcy or Insolvency Proceedings.
Proceedings for the appointment of a receiver, trustee, liquidator or custodian of the Company, or of all or a substantial part
of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with
respect to the Company, if any, or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in
effect are commenced and an order for relief entered or such proceeding is not dismissed or discharged within forty-five (45)
days of commencement.

 

4.
Rights of Holder upon Default.
Upon the occurrence of any Event of Default, subject to the provisions of Section 2, and at any time thereafter during
the continuance of such Event of Default, Holder may, by written notice to the Company, declare the Net Balance immediately due
and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything
contained herein or in the Purchase Agreement the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence
and during the continuance of any Event of Default, Holder may exercise any other right power or remedy permitted to it by law,
either by suit in equity or by action at law, or both.

 

    	2

    	 

    

 

5.
Unsecured Obligation; Subordination.
This Note shall be a general unsecured obligation of Company. This Note is subordinated in right of payment to all indebtedness
of Company arising under any agreement or instrument to which Company or any of its Affiliates is a party that evidences indebtedness
for borrowed money that is senior in right of payment to this Note, whether existing on the date hereof or hereafter arising (the
“Senior Debt”). Company hereby agrees and, by accepting this Note, Holder hereby acknowledges and agrees that
so long as any Senior Debt remains outstanding, (a) Company shall not make, and the Holder shall not receive or retain, any payment
made under this Note if the Senior Debt documents prohibit such payments and (b) if any payment is made in violation of this Section
5, Holder shall promptly deliver the same to holder of Senior Debt ( “Senior Creditor”) in the form received,
with any endorsement or assignment necessary for the transfer of such payment from Holder to Senior Creditor, to be either (in
Senior Creditor’s sole discretion) held as cash collateral securing the Senior Debt or applied in reduction of the Senior
Debt and, until so delivered, Holder shall hold such payment in trust as the property of Senior Creditor. Nothing in this Section
5 shall preclude or prohibit Holder from exercising any remedies pursuant to Section 4.

 

6.
Notices.
All notices and other communications required or permitted under this Note shall be in writing and shall be delivered in person,
sent by documented overnight delivery service or mailed by first-class registered or certified mail, return receipt requested,
postage prepaid, addressed (a) if to Holder, at the address of Holder set forth on the signature page of this Note, or (b) if
to Company, to the attention of the Seller Representative at P.O. Box 4406, Carmel, California
for delivery by U.S. Mail or at 3385 Rio Road, Carmel, California for other methods of delivery. Unless otherwise specified
in this Note, all such notices and other written communications shall be effective (and considered delivered and received for
the purposes of this Note) (i) if personally delivered, upon delivery; (ii) if sent by documented overnight delivery services,
on the date following the date on which such notice is delivered to such delivery service for overnight delivery; or (iii) if
mailed, four (4) days after depositing in the U.S. Mail.

 

7.
Prepayment.
Company may not prepay this Note, in whole or in part, without the prior written consent of Holder.

 

8.
Amendment and Waiver.
This Note may be amended, and the observance of any provision of this Note may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written consent of Company and Holder.

 

9.
Governing Law.
This Note shall in all respects be governed by and construed and enforced in accordance with the laws of the State of Delaware,
as such laws apply to contracts entered into and wholly to be performed within such state, without giving effect to any choice
or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction).

 

10.
Counterparts.
This Note may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Facsimile signatures and signatures delivered in .pdf format shall be legally valid for
all purposes hereof.

 

[Signature
Page Follows]

 

    	3

    	 

    

 

IN
WITNESS WHEREOF, Company has caused this Note to be issued as of the date first written above.

 

	 	ELEVATION
FRANCHISE VENTURES, LLC 

	 	 
	 	By:	/s/
    Hans Hess
	 	Name:  	Hans Hess 
	 	Title: 	Chairman of the Board 

 

Acknowledged
and Agreed:

 

	HOLDER:
	 	 	 
	FAT BRANDS INC.	 
	 	 	 
	By:
    	/s/
    Andrew A Wiederhorn	 
	Name:
    	Andrew
A Wiederhorn	 
	Title:
    	Chief
    Executive Officer 	 
	Address:
    	 	 

 

[Signature
page to Elevation Franchise Ventures, LLC Subordinated Promissory Note]EX-10.1

 Exhibit 10.1 

RUDOLPH TECHNOLOGIES, INC. 

INDEMNITY AGREEMENT 
 This Indemnity
Agreement (this “Agreement”) dated as of                             ,
20     is made by and between Rudolph Technologies, Inc., a Delaware corporation (the “Company”), and                 , a director
or officer of the Company or one of the Company’s subsidiaries (“Indemnitee”). 
 RECITALS 

A. The Company is aware that competent and experienced persons are increasingly reluctant to serve as representatives of corporations unless
they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no
relationship to the compensation of such representatives; 
 B. The members of the Board of Directors of the Company (the
“Board”) have concluded that to retain and attract talented and experienced individuals to serve as representatives of the Company and its Subsidiaries and Affiliates and to encourage such individuals to take the business risks
necessary for the success of the Company and its Subsidiaries and Affiliates, it is necessary for the Company to contractually indemnify certain of its representatives and the representatives of its Subsidiaries and Affiliates, and to assume for
itself maximum liability for Expenses and Other Liabilities in connection with claims against such representatives in connection with their service to the Company and its Subsidiaries and Affiliates; 

C. Section 145 of the Delaware General Corporation Law (“GCL”) empowers the Company to indemnify by agreement its
officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees or agents of other corporations, partnerships, joint ventures, trusts or other enterprises, and expressly provides
that the indemnification provided thereby is not exclusive; and 
 D. The Company desires and has requested Indemnitee to serve or continue
to serve as a representative of the Company and/or the Subsidiaries or Affiliates of the Company free from undue concern about inappropriate claims for damages arising out of or related to such services to the Company and/or the Subsidiaries or
Affiliates of the Company. 
 AGREEMENT 

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

1. Definitions. 
 (a)
Affiliate. For purposes of this Agreement, “Affiliate” of the Company means any corporation, partnership, limited liability company, joint venture, trust or other enterprise in respect of which Indemnitee is or was or will be
serving as a director, officer, 

  
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trustee, manager, member, partner, employee, agent, attorney, consultant, member of the entity’s governing body (whether constituted as a board of directors, board of managers, general
partner or otherwise), fiduciary, or in any other similar capacity at the request, election or direction of the Company, and including, but not limited to, any employee benefit plan of the Company or a Subsidiary or Affiliate of the Company. 

(b) Change in Control. For purposes of this Agreement, “Change in Control” means (i) any “person” (as such term
is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a Subsidiary or a trustee or other fiduciary holding securities under an employee benefit plan of the Company or Subsidiary, is or becomes the
“Beneficial Owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s
then outstanding capital stock, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger
or consolidation that would result in the outstanding capital stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into capital stock of the surviving entity) at
least 80% of the total voting power represented by the capital stock of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions) of all or substantially all of the Company’s assets. 

(c) Expenses. For purposes of this Agreement, “Expenses” means all direct and indirect costs of any type or nature whatsoever
(including, without limitation, all attorneys’ fees and related disbursements, and other out-of-pocket costs), paid or incurred by Indemnitee in connection with
either the investigation, defense or appeal of, or being a witness, affiant or deponent in a Proceeding (as defined below), or establishing or enforcing a right to indemnification under this Agreement, Section 145 of the GCL or otherwise;
provided, however, that Expenses shall not include any judgments, fines, ERISA excise taxes or penalties or amounts paid in settlement of a Proceeding. 

(d) Indemnifiable Event. For purposes of this Agreement, “Indemnifiable Event” means any event or occurrence related to
Indemnitee’s service for the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined below), or by reason of anything done or not done, or any act or omission, by Indemnitee in any such capacity. 

(e) Indemnifiable Person. For the purposes of this Agreement, “Indemnifiable Person” means any person who is or was a
director, officer, employee, attorney, trustee, manager, member, partner, consultant, member of an entity’s governing body (whether constituted as a board of directors, board of managers, general partner or otherwise) or other agent or
fiduciary of the Company or a Subsidiary or Affiliate of the Company. 

  
 2 

 (f) Independent Counsel. For purposes of this Agreement, “Independent
Counsel” means legal counsel that has not performed services for the Company or Indemnitee in the five years preceding the time in question and that would not, under applicable standards of professional conduct, have a conflict of interest in
representing either the Company or Indemnitee. 
 (g) Other Liabilities. For purposes of this Agreement, “Other Liabilities”
means any and all liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, ERISA (or other benefit plan related) excise taxes or penalties, and amounts paid in settlement and all interest, taxes, assessments
and other charges paid or payable in connection with or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, or amounts paid in settlement). 

(h) Proceeding. For the purposes of this Agreement, “Proceeding” means any threatened, pending, or completed action, suit or
other proceeding, whether civil, criminal, administrative, investigative, legislative or any other type whatsoever, preliminary, informal or formal, including any arbitration or other alternative dispute resolution and including any appeal of any of
the foregoing. 
 (i) Subsidiary. For purposes of this Agreement, “Subsidiary” means any entity of which more than 50% of
the outstanding voting securities is owned directly or indirectly by the Company. 
 2. Agreement to Serve. Indemnitee agrees to serve
and/or continue to serve as an Indemnifiable Person in the capacity or capacities in which Indemnitee currently serves the Company as an Indemnifiable Person, and any additional capacity in which Indemnitee may agree to serve, until such time as
Indemnitee’s service in a particular capacity shall end according to the terms of an agreement, the Company’s Certificate of Incorporation or Bylaws, governing law, or otherwise. Nothing contained in this Agreement is intended to create
any right to continued employment or other form of service for the Company or a Subsidiary or Affiliate of the Company by Indemnitee. 
 3.
Mandatory Indemnification. 
 (a) Agreement to Indemnify. In the event Indemnitee is a person who was or is a party to or
witness, affiant or deponent in or is threatened to be made a party to or witness, affiant or deponent in any Proceeding by reason of an Indemnifiable Event, the Company shall indemnify Indemnitee from and against any and all Expenses and Other
Liabilities incurred by Indemnitee in connection with (including in preparation for) such Proceeding to the fullest extent not prohibited by the provisions of the Company’s Certificate of Incorporation or Bylaws and the GCL, as the same may be
amended from time to time (but only to the extent that such amendment permits the Company to provide broader indemnification rights than the Company’s Certificate of Incorporation or Bylaws or the GCL permitted prior to the adoption of such
amendment). 

  
 3 

 (b) Exception for Amounts Covered by Insurance and Other Sources. Notwithstanding the
foregoing, the Company shall not be obligated to indemnify Indemnitee for Expenses or Other Liabilities of any type whatsoever (including, but not limited to judgments, fines, penalties, ERISA excise taxes or penalties and amounts paid in
settlement) to the extent such have been paid directly to Indemnitee (or paid directly to a third party on Indemnitee’s behalf) by any directors and officers, or other type, of insurance maintained by the Company or other indemnity arrangements
with third parties. 
 4. Partial Indemnification and Contribution. 

(a) Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some
or a portion of any Expenses or Other Liabilities but not entitled, however, to indemnification for the total amount of such Expenses or Other Liabilities, the Company shall nevertheless indemnify Indemnitee for such total amount except as to the
portion thereof for which indemnification is prohibited by the provisions of the Company’s Certificate of Incorporation or Bylaws or the GCL. In any review or Proceeding to determine the extent of indemnification, the Company shall bear the
burden to establish, by clear and convincing evidence, the lack of a successful resolution of a particular claim, issue or matter and which amounts sought in indemnity are allocable to claims, issues or matters which were not successfully resolved.

 (b) Contribution. If Indemnitee is not entitled to the indemnification provided in Section 3 above for any reason other than
the statutory limitations set forth in the GCL, then in respect of any threatened, pending or completed Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the
amount of Expenses and Other Liabilities incurred by Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and Indemnitee on the other hand from the transaction from which
such Proceeding arose and (ii) the relative fault of the Company on the one hand and of Indemnitee on the other hand in connection with the events which resulted in such Expenses and Other Liabilities, as well as any other relevant equitable
considerations. The relative fault of the Company on the one hand and of Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent the circumstances resulting in such expenses, judgments, fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata
allocation or any other method of allocation that does not take account of the foregoing equitable considerations. 
 5. Liability
Insurance. So long as Indemnitee shall continue to serve the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or
completed Proceeding as a result of an Indemnifiable Event, the Company shall maintain in full force and effect for the benefit of Indemnitee as an insured (i) liability insurance issued by one or more reputable insurers and having the policy
amount and deductible deemed appropriate by the Board and providing in all respects coverage at least comparable to and in the same amount as that provided to the Chairman of the Board or the Chief Executive Officer of the Company and (ii) any
replacement or substitute policies issued by one or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that being provided to the Chairman of the Board or the Chief Executive Officer of the
Company. Without limitation of the 

  
 4 

 
foregoing, in the event of a Change in Control, the Company or its successor shall maintain, for an aggregate period of six years from the effective date of the Change in Control, a directors and
officers liability insurance policy (or single premium tail coverage with respect to such insurance) for the benefit of the Indemnitee that provides coverage for events occurring prior to the Change in Control that is at least comparable to and in
the same amount as the policy existing prior to the Change in Control. The purchase, establishment and maintenance of any such insurance or other arrangements shall not in any way limit or affect the rights and obligations of the Company or of
Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights and obligations of the Company or the other party or
parties thereto under any such insurance or other arrangement. 
 6. Mandatory Advancement of Expenses. If requested by Indemnitee,
the Company shall advance prior to the final disposition of the Proceeding all Expenses incurred by Indemnitee in connection with (including in preparation for) a Proceeding related to an Indemnifiable Event. Indemnitee hereby undertakes to repay
such amounts advanced if, and only if and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Company’s Certificate of Incorporation
or Bylaws or the GCL. The advances to be made hereunder shall be paid by the Company to Indemnitee or directly to a third party designated by Indemnitee within ten (10) days following delivery of a written request therefor by Indemnitee to the
Company. Indemnitee’s undertaking to repay any Expenses advanced to Indemnitee hereunder shall be unsecured and shall not be subject to the accrual or payment of any interest thereon. 

7. Notice and Other Indemnification Procedures. 

(a) Notification. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any Proceeding,
Indemnitee shall, if Indemnitee believes that indemnification or advancement of Expenses with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof. However, a
failure so to notify the Company promptly following Indemnitee’s receipt of such notice shall not relieve the Company from any liability that it may have to Indemnitee except to the extent that the Company is materially prejudiced in its
defense of such Proceeding as a result of such failure. 
 (b) Insurance and Other Matters. If, at the time of the receipt of a notice
of the commencement of a Proceeding pursuant to Section 7(a) above, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the issuers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all reasonable 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 insurance policies. 

  
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 (c) Assumption of Defense. In the event the Company shall be obligated to advance the
Expenses for any Proceeding against Indemnitee, the Company, if deemed appropriate by the Company, shall be entitled to assume the defense of such Proceeding as provided herein. Following delivery of written notice to Indemnitee of the
Company’s election to assume the defense of such Proceeding, the approval by Indemnitee (which approval shall not be unreasonably withheld) of counsel designated by the Company and the retention of such counsel by the Company, the Company will
not be liable to Indemnitee under this Agreement for any fees and expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, provided that Indemnitee shall have the right to employ his or her own counsel in
connection with any such Proceeding, at the expense of Indemnitee, if such counsel serves in a review, observer, advice and counseling capacity and does not otherwise materially control or participate in the defense of such Proceeding. If
(A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have notified the Board in writing that Indemnitee has reasonably concluded that there may be a conflict of interest between
the Company and Indemnitee in the conduct of any such defense, or (C) the Company fails to employ counsel to assume the defense of such Proceeding, the fees and expenses of Indemnitee’s counsel shall be subject to indemnification and/or
advancement pursuant to the terms of this Agreement. Nothing herein shall prevent Indemnitee from employing counsel for any such Proceeding at Indemnitee’s expense. 

(d) Settlement. The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid in
settlement of any Proceeding effected without the Company’s written consent; provided, however, that if a Change in Control has occurred, the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the
Independent Counsel has approved the settlement. Neither the Company nor any Subsidiary or Affiliate of the Company shall enter into a settlement of any Proceeding that might result in the imposition of any Expense, Other Liability, penalty,
limitation or detriment on Indemnitee, whether indemnifiable under this Agreement or otherwise, without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent from any settlement of any Proceeding.

 8. Determination of Right to Indemnification. 

(a) Success on the Merits or Otherwise. To the extent that Indemnitee has been successful on the merits or otherwise in defense of any
Proceeding referred to in Section 3(a) above or in the defense of any claim, issue or matter described therein, the Company shall indemnify Indemnitee against Expenses actually incurred in connection therewith. 

(b) Indemnification in Other Situations. In the event that Section 8(a) is inapplicable, the Company shall also indemnify
Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in Section 8(c) below that the Indemnitee has failed to meet the applicable standard of conduct for indemnification. 

(c) Forum. Indemnitee shall be entitled to select the forum in which determination of whether or not Indemnitee has met the applicable
standard of conduct shall be decided, and such election will be made from among the following: 
 (i) Those members of the Board who are not
parties to the Proceeding for which a claim is made under this Agreement (“Independent Directors”) even though less than a quorum; 

  
 6 

 (ii) A committee of Independent Directors designated by a majority vote of Independent
Directors, even though less than a quorum; 
 (iii) Independent Counsel selected by Indemnitee and approved by the Board, which approval may
not be unreasonably withheld, which counsel shall make such determination in a written opinion; or 
 (iv) A panel of three arbitrators, one
of whom is elected by the Company, another of whom is selected by Indemnitee and the last of whom is selected by the first two arbitrators so selected. 

The selected forum shall be referred to herein as the “Reviewing Party”. 

(d) As soon as practicable, and in no event later than thirty (30) days after receipt by the Company of written notice of
Indemnitee’s choice of forum pursuant to Section 8(c) above, the Company and Indemnitee shall each submit to the Reviewing Party such information as they believe is appropriate for the Reviewing Party to consider. The Reviewing Party shall
arrive at its decision within a reasonable period of time following the receipt of all such information from the Company and Indemnitee, but in no event later than thirty (30) days following the receipt of all such information, provided that
the time by which the Reviewing Party must reach a decision may be extended by mutual agreement of the Company and Indemnitee. All Expenses associated with the process set forth in this Section 8(d), including but not limited to the Expenses of
the Reviewing Party, shall be paid by the Company. 
 (e) Delaware Court of Chancery. Notwithstanding a final determination by any
Reviewing Party that Indemnitee is not entitled to indemnification with respect to a specific Proceeding, Indemnitee shall have the right to apply to the Court of Chancery, for the purpose of enforcing Indemnitee’s right to indemnification
pursuant to this Agreement. 
 (f) Expenses. The Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in
connection with any hearing or Proceeding under this Section 8 involving Indemnitee and against all Expenses and Other Liabilities incurred by Indemnitee in connection with any other Proceeding between the Company and Indemnitee involving the
interpretation or enforcement of the rights of Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of the material claims of Indemnitee in any such Proceeding was frivolous or made in bad faith. 

9. Exceptions. Any other provision herein to the contrary notwithstanding, 

(a) Claims Initiated by Indemnitee. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify or advance
Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except (1) with respect to Proceedings brought to establish or enforce a right to indemnification under this
Agreement, any other statute or law, as permitted under Section 145 of the GCL, or otherwise, (2) where the Board has consented to the initiation of such Proceeding, or (3) with respect to Proceedings brought to discharge
Indemnitee’s fiduciary responsibilities, whether under ERISA or otherwise, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or 

  
 7 

 (b) Section 16(b) Actions. The Company shall not be obligated
pursuant to the terms of this Agreement to indemnify Indemnitee on account of any suit in which judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant
to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory law; or 

(c) Unlawful Indemnification. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee for
Other Liabilities if a final decision by a court having competent jurisdiction in the matter shall determine that such indemnification is not lawful. 

10. Non-exclusivity. The provisions for indemnification and advancement of Expenses set forth in
this Agreement shall not be deemed exclusive of any other rights which Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws, the vote of the Company’s stockholders or disinterested directors,
other agreements, or otherwise, both as to acts or omissions in his or her official capacity and to acts or omissions in another capacity while serving the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and
Indemnitee’s rights hereunder shall continue after Indemnitee has ceased serving the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and shall inure to the benefit of the heirs, executors and administrators of
Indemnitee. 
 11. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision
held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of this Agreement (including,
without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to
the intent manifested by the provision held invalid, illegal or unenforceable. 
 12. Modification and Waiver. No supplement,
modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) and except as expressly provided herein, no such waiver shall constitute a continuing waiver. 
 13. Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns of the parties hereto. 

  
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 14. Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and a receipt is provided by the party to whom such communication is delivered, (ii) if mailed by certified or registered mail with postage prepaid,
return receipt requested, on the signing by the recipient of an acknowledgement of receipt form accompanying delivery through the U.S. mail, (iii) personal service by a process server, or (iv) delivery to the recipient’s address by
overnight delivery (e.g., FedEx, UPS or DHL) or other commercial delivery service. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice complying with the provisions
of this Section 14. Delivery of communications to the Company with respect to this Agreement shall be sent to the attention of the Company’s General Counsel. 

15. No Presumptions. For purposes of this Agreement, the termination of any Proceeding, by judgment, order, settlement (whether with or
without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has
determined that indemnification is not permitted by applicable law or otherwise. In addition, neither the failure of the Company or a Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or
had any particular belief, nor an actual determination by the Company or a Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of Proceedings by Indemnitee to secure a judicial
determination by exercising Indemnitee’s rights under Section 8(e) of this Agreement shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has failed to meet any particular standard of conduct or did not
have any particular belief or is not entitled to indemnification under applicable law or otherwise. 
 16. Survival of Rights. The
rights conferred on Indemnitee by this Agreement shall continue after Indemnitee has ceased to serve the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and shall inure to the benefit of Indemnitee’s heirs,
executors and administrators. 
 17. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such
rights. 
 18. Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated by the Company,
Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute Proceedings, either in law or at equity, to obtain damages, to enforce specific
performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. 
 19.
Counterparts. This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the
party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

  
 9 

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

21. Governing Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Delaware, as
applied to contracts between Delaware residents entered into and to be performed entirely with Delaware. 
 22. Consent to
Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any Proceeding which arises out of or relates to this Agreement. 

23. Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to
provide indemnification and advancement of expenses to Indemnitee to the fullest extent now or hereafter permitted by law, except as expressly limited herein. 

24. Integration and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and supersedes and
merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. The parties’ entry into this Agreement shall be deemed to amend and restate any
other indemnification agreement providing for indemnification of Indemnitee by the Company to read in its entirety as, and to be superseded by, this Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

  

							
	COMPANY:	 		  	INDEMNITEE:
			
	 RUDOLPH TECHNOLOGIES, INC.,
  

a Delaware Corporation
	 		  	PRINT NAME:________________________

							
				
	By:	 	  
	 		  	  

				
	Name	 	  
	 		  	
				
	Title:	 	  
	 		  	
				
	Address	 	  
	 		  	Address:
                                         
                                       
			
	  
	 		  	  

 [SIGNATURE PAGE TO RUDOLPH
TECHNOLOGIES, INC. INDEMNITY AGREEMENT]

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