Document:

Form of Indemnification Agreement

 Exhibit 10.6 
 [Form of Indemnification Agreement] 
 INDEMNIFICATION AGREEMENT 
 by and between 
 MISTRAL ACQUISITION
COMPANY 
 and 
                     , 
 as Indemnitee 
  
  
 Dated as of                     , 2008

  
  
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE 1
	 	DEFINITIONS	  	2
			
	 ARTICLE 2
	 	INDEMNITY IN THIRD-PARTY PROCEEDINGS	  	5
			
	 ARTICLE 3
	 	INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY	  	6
			
	 ARTICLE 4
	 	INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL	  	6
			
	 ARTICLE 5
	 	INDEMNIFICATION FOR EXPENSES OF A WITNESS	  	7
			
	 ARTICLE 6
	 	ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS	  	7
			
	 ARTICLE 7
	 	CONTRIBUTION IN THE EVENT OF JOINT LIABILITY	  	7
			
	 ARTICLE 8
	 	EXCLUSIONS	  	8
			
	 ARTICLE 9
	 	ADVANCES OF EXPENSES; SELECTION OF LAW FIRM	  	8
			
	 ARTICLE 10
	 	PROCEDURE FOR NOTIFICATION; DEFENSE OF CLAIM; SETTLEMENT	  	10
			
	 ARTICLE 11
	 	PROCEDURE UPON APPLICATION FOR INDEMNIFICATION	  	10
			
	 ARTICLE 12
	 	ESTABLISHMENT OF TRUST	  	11
			
	 ARTICLE 13
	 	PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS	  	12
			
	 ARTICLE 14
	 	REMEDIES OF INDEMNITEE	  	13
			
	 ARTICLE 15
	 	SECURITY	  	15
			
	 ARTICLE 16
	 	NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION	  	15
			
	 ARTICLE 17
	 	ENFORCEMENT AND BINDING EFFECT	  	16
			
	 ARTICLE 18
	 	MISCELLANEOUS	  	17

  

 -i- 

 INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of     , 2008, by and between Mistral
Acquisition Company, a Delaware corporation (the “Company”) and                      (“Indemnitee”).

 WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company;

 WHEREAS, in order to induce Indemnitee to provide or continue to provide services to the Company, the Company wishes to provide for the
indemnification of, and advancement of expenses to, Indemnitee to the fullest extent permitted by law; 
 WHEREAS, the Company and Indemnitee
further recognize the substantial increase in corporate litigation in general, subjecting directors, officers, employees, agents and fiduciaries to expensive litigation risks at the same time as the availability and scope of coverage of liability
insurance provide increasing challenges for the Company. 
 WHEREAS, the Company’s Certificate of Incorporation (as amended) (the
“Certificate of Incorporation”) requires indemnification of the officers and directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to applicable provisions of the Delaware General Corporation Law
(“DGCL”). The Certificate of Incorporation and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts providing for indemnification may be entered
into between the Company and members of the Company’s Board, executive officers and other key employees of the Company; 
 WHEREAS, this
Agreement is a supplement to and in furtherance of the Certificate of Incorporation and By-Laws of the Company and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of
Indemnitee thereunder (regardless of, among other things, any amendment to or revocation of governing documents or any change in the composition of the Company’s Board or any Corporate Transaction relating to the Company); and 
 WHEREAS, Indemnitee will serve or continue to serve as a director, officer or key employee of the Company for so long as Indemnitee is duly elected or
appointed or until Indemnitee tenders his resignation or is otherwise terminated by the Company. 
 NOW, THEREFORE, in consideration of the
promises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

 ARTICLE 1 
 DEFINITIONS 
 As used in this Agreement: 
 1.1. “Affiliate” shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended (as in effect on the date
hereof). 
 1.2. “Business Combination” shall mean the acquisition, or acquisition of control, through a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or similar business combination of one or more domestic or international operating businesses or assets meeting the conditions described in the Certificate of Incorporation.

 1.3. “Beneficial Owner” and “Beneficial Ownership” shall have the meaning set forth in Rule 13d-3 under
the Exchange Act (as in effect on the date hereof); provided, however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company
with another entity. 
 1.4. “Board” shall mean the Company’s Board of Directors. 
 1.5. “Change in Control” shall mean, and shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of
the following events: 
 (a) Acquisition of Stock by Third Party. Any Person (other than Mistral SPAC Holdings, LLC,
Ramius SPAC Holdings, LLC, Stephen J. Heyer or any Affiliate thereof) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing more than 30% of the combined voting power of the Company’s then
outstanding Voting Securities, unless (i) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to
vote generally in the election of directors, or (ii) such acquisition was approved in advance by the Continuing Directors and such acquisition would not constitute a Change in Control under part (c) of this definition; 
 (b) Change in Board of Directors. Individuals who, as of the date hereof, 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 of the directors then still in office who were directors on the date hereof or whose election for nomination for election was
previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board; 
 (c) Corporate Transactions. The effective date of a reorganization, merger or consolidation of the Company (a “Corporate
Transaction”), in each case, unless, following such Corporate Transaction: (i) all or substantially all of the individuals and entities who were the Beneficial Owners of Voting Securities immediately prior to such Corporate Transaction
beneficially own, directly or indirectly, more than 51% of the 

  

 2 

 
combined voting power of the then outstanding Voting Securities of the Company resulting from such Corporate Transaction (including, without limitation, a
corporation that as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) in substantially the same proportions as their ownership of Voting
Securities immediately prior to such Corporate Transaction; (ii) no Person (excluding any corporation resulting from such Corporate Transaction) is the Beneficial Owner, directly or indirectly, of 30% or more of the combined voting power of the
then outstanding Voting Securities of the surviving corporation except to the extent that such ownership existed prior to the Corporate Transaction; and (iii) at least a majority of the Board of the corporation resulting from such Corporate
Transaction were Continuing Directors at the time of the execution of the initial agreement, or of the action of the Board, providing for such Corporate Transaction; 
 (d) Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement or series
of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s current receivables or escrows due (or, if such approval is not required, the decision by the
Board to proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or 
 (e) Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form)
under the Exchange Act, whether or not the Company is then subject to such reporting requirement. 
 1.6. “Company” shall
include, in addition to the resulting corporation or other entity, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger that, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving
corporation or other entity as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 
 1.7. “Corporate Status” describes the status of a person who is or was a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of the Company or of any other Enterprise which such person
is or was serving at the request of the Company. 
 1.8. “Delaware Court” shall mean the Court of Chancery of the State of
Delaware. 
 1.9. “Disinterested Director” shall mean a director of the Company who is not and was not a party to the
Proceeding in respect of which indemnification is sought by Indemnitee. 
  

 3 

 1.10. “Enterprise” shall mean the Company and any other corporation, constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability company, partnership, joint venture, trust, employee benefit
plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent. 
 1.11. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 1.12. “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, being or preparing to be a witness in, settling or negotiating for the settlement of, or otherwise participating in, a Proceeding. Expenses also shall include Expenses incurred in connection with any appeal
resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in
settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 
 1.13. “Independent Counsel” shall mean a
law firm, or a member of a law firm, that is of outstanding reputation, experienced in matters of corporation law and neither is as of the date of selection of such firm, nor has been during the period of three years immediately preceding the date
of selection of such firm, retained to represent: (a) the Company or Indemnitee in any material matter (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification
agreements); or (b) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards
of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and
expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. For purposes of
this definition, a “material matter” shall mean any matter for which billings exceeded or are expected to exceed $100,000. 
 1.14.
“Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act (as in effect on the date hereof); provided, however, that Person shall exclude: (a) the Company; (b) any
Subsidiaries of the Company; and (c) any employee benefit plan of the Company or a Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Subsidiary of the Company or
of a corporation or other entity owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 
 1.15. “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution
mechanism, investigation, inquiry, 

  

 4 

 
administrative hearing or any other actual, threatened or completed proceeding, including any and all appeals, whether brought in the right of the Company or
otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative nature, whether formal or informal, in which Indemnitee was, is, will or might be involved as a party or otherwise by
reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken by or omission by Indemnitee, or of any action or omission on Indemnitee’s part while acting as a director or officer of the
Company, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, 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 or Section 145 of the DGCL; except one initiated by Indemnitee
to enforce Indemnitee’s rights under this Agreement or Section 145 of the DGCL. 
 1.16. “Subsidiary” with respect
to any Person, shall mean any corporation or other entity of which a majority of the voting power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person. 
 1.17. “Voting Securities” shall mean any securities of the Company (or a surviving entity as described in the definition of a
“Change in Control”) that vote generally in the election of directors (or similar body). 
 1.18. References to
“fines” shall include any excise tax assessed on Indemnitee with respect to any employee benefit plan; references to “other enterprise” shall include employee benefit plans; references to “serving at the
request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary 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 best interests 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 Company” as referred to in this Agreement. 
 1.19. The phrase “to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law” shall include, but not be limited to: (a) to the fullest extent authorized or
permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL, and (b) to the fullest extent authorized or permitted
by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 
 ARTICLE 2 
 INDEMNITY IN THIRD-PARTY PROCEEDINGS 
 Subject to Article 8, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Article
2 if Indemnitee is, was or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by 

  

 5 

 
or in the right of the Company to procure a judgment in its favor. Subject to Article 8, to the fullest extent not prohibited by (and not merely to
the extent affirmatively permitted by) applicable law, Indemnitee shall be indemnified against all Expenses, judgments, fines and, subject to Section 10.3, amounts paid in settlement actually and reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in
the case of a criminal Proceeding, had no reasonable cause to believe that such conduct was unlawful. 
 ARTICLE 3 
 INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY 
 Subject to Article 8, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Article 3 if Indemnitee is, was or is threatened to be made, a party to
or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Subject to Article 8, to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law,
Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Article 3 in respect of any claim, issue or matter as to
which Indemnitee shall have been finally adjudged (and not subject to further appeal) by a court of competent jurisdiction to be liable to the Company, except to the extent that the Delaware Court or any court in which the Proceeding was brought
shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification. 
 ARTICLE 4 
 INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY
SUCCESSFUL 
 Notwithstanding any other provisions of this Agreement, to the extent that Indemnitee is a party to (or a participant in)
and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and
reasonably incurred by Indemnitee in connection therewith. For the avoidance of doubt, if Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or
matters in such Proceeding, the Company shall indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each resolved claim, issue or
matter, whether or not Indemnitee was wholly or partly successful; provided, that Indemnitee shall only be entitled to Indemnification for Expenses with respect to unsuccessful claims under this Article 4 to the extent Indemnitee acted
in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a 

  

 6 

 
criminal Proceeding, had no reasonable cause to believe that such conduct was unlawful. For purposes of this Article 4 and without limitation, the
termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, or by settlement, shall be deemed to be a successful result as to such claim, issue or matter. 
 ARTICLE 5 
 INDEMNIFICATION FOR
EXPENSES OF A WITNESS 
 Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of
Indemnitee’s Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection therewith. 
 ARTICLE 6 
 ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS 
 Notwithstanding any limitation in Articles 2, 3, or 4, but subject to Article 8, the Company shall indemnify, hold harmless and exonerate Indemnitee to the fullest extent not prohibited by (and not merely to the
extent affirmatively permitted by) law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments,
fines and, subject to Section 10.3, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and
amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnity shall be available under this Article 6 on account of Indemnitee’s conduct that constitutes a breach of
Indemnitee’s duty of loyalty to the Company or its stockholders or is an act or omission not in good faith or that involves intentional misconduct or a knowing violation of the law. 
 ARTICLE 7 
 CONTRIBUTION IN THE EVENT OF JOINT LIABILITY 
 7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights provided for in
this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments,
liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of
contribution it may have at any time against Indemnitee with respect thereto. 
  

 7 

 7.2. The Company shall not enter into any settlement of any Proceeding in which the Company is jointly
liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 
 7.3. The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, directors or employees of the Company (other than
Indemnitee) who may be jointly liable with Indemnitee. 
 ARTICLE 8 
 EXCLUSIONS 
 8.1. Notwithstanding any provision in this Agreement, the Company
shall not be obligated under this Agreement to make any indemnity, contribution or advancement of Expenses in connection with any claim made against Indemnitee: 
 (a) for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
with respect to any excess beyond the amount paid under any insurance policy, contract, agreement, other indemnity provision or otherwise; 
 (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar provisions of
state statutory law or common law; or 
 (c) in connection with any Proceeding (or any part of any Proceeding) initiated or
brought voluntarily by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, other than a Proceeding initiated by Indemnitee to
enforce its rights under this Agreement, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) or (ii) the Company provides the indemnification payment, in its sole discretion, pursuant to the powers vested in the
Company under applicable law; or 
 (d) for the payment of amounts required to be reimbursed to the Company pursuant to
Section 304 of the Sarbanes-Oxley Act of 2002, as amended, or any similar successor statute. 
 The exclusion in
Section 8.1(c) shall not apply to counterclaims or affirmative defenses asserted by Indemnitee in an action brought against Indemnitee. 
 ARTICLE 9 
 ADVANCES OF EXPENSES; SELECTION OF LAW FIRM 
 9.1. Subject to Article 8, the Company shall, unless prohibited by applicable law, advance the Expenses incurred by Indemnitee (or reasonably
expected by Indemnitee to be incurred by Indemnitee within three months) in connection with any Proceeding within ten 

  

 8 

 
business days after the receipt by the Company of a statement or statements requesting such advances, together with a reasonably detailed written explanation
of the basis therefor and an itemization of legal fees and disbursements in reasonable detail, from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Indemnitee shall qualify
for advances, to the fullest extent permitted by applicable law, solely upon the execution and delivery to the Company of an undertaking providing that Indemnitee undertakes to repay the advance to the extent that it is ultimately determined that
Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement. This Section 9.1 shall not apply to any claim made by Indemnitee for which an indemnification payment is excluded pursuant to Article
8. 
 9.2. If the Company shall be obligated under Section 9.1 hereof to pay the Expenses of any Proceeding against
Indemnitee, then the Company shall be entitled to assume the defense of such Proceeding upon the delivery to Indemnitee of written notice of its election to do so. If the Company elects to assume the defense of such Proceeding, then unless the
plaintiff or plaintiffs in such Proceeding include one or more Persons holding, together with his, her or its Affiliates, in the aggregate, a majority of the combined voting power of the Company’s then outstanding Voting Securities, the Company
shall assume such defense using a single law firm selected by the Company representing Indemnitee and other present and former directors or officers of the Company. The retention of such law firm by the Company shall be subject to prior written
approval by Indemnitee, which approval shall not be unreasonably withheld, delayed or conditioned. If the Company elects to assume the defense of such Proceeding and the plaintiff or plaintiffs in such Proceeding include one or more Persons holding,
together with his, her or its Affiliates, in the aggregate, a majority of the combined voting power of the Company’s then outstanding Voting Securities, then the Company shall assume such defense using a single law firm selected by Indemnitee
and any other present or former directors or officers of the Company who are parties to such Proceeding. After (x) in the case of retention of any such law firm selected by the Company, delivery of the required notice to Indemnitee, approval of
such law firm by Indemnitee and the retention of such law firm by the Company, or (y) in the case of retention of any such law firm selected by Indemnitee, the completion of such retention, the Company will not be liable to Indemnitee under
this Agreement for any Expenses of any other law firm incurred by Indemnitee after the date that such first law firm is retained by the Company with respect to the same Proceeding, provided, that in the case of retention of any such law firm
selected by the Company (a) Indemnitee shall have the right to retain a separate law firm in any such Proceeding at Indemnitee’s sole expense; and (b) if (i) the retention of a law firm by Indemnitee has been previously
authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between either (1) the Company and Indemnitee or (2) Indemnitee and another present or former director or officer of
the Company also represented by such law firm in the conduct of any such defense, or (iii) the Company shall not, in fact, have retained a law firm to prosecute the defense of such Proceeding within 30 days, then the reasonable Expenses of a
single law firm retained by Indemnitee shall be at the expense of the Company. 
  

 9 

 ARTICLE 10 
 PROCEDURE FOR NOTIFICATION; DEFENSE OF CLAIM; SETTLEMENT 
 10.1. Indemnitee shall, as a condition
precedent to Indemnitee’s right to be indemnified under this Agreement, give the Company notice in writing promptly of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement, provided,
however, that a delay in giving such notice shall not deprive Indemnitee of any right to be indemnified under this Agreement unless, and then only to the extent that, such delay is materially prejudicial to the defense of such claim. The
omission to notify the Company will not relieve the Company from any liability for indemnification which it may have to Indemnitee otherwise than under this Agreement. The Secretary of the Company shall, promptly upon receipt of such a request for
indemnification, advise the Board in writing that Indemnitee has requested indemnification. 
 10.2. The Company will be entitled to
participate in the Proceeding at its own expense. 
 10.3. The Company shall have no obligation to indemnify Indemnitee under this Agreement
for any amounts paid in settlement of any claim effected without the Company’s prior written consent, provided the Company has not breached its obligations hereunder. The Company shall not settle any claim, including, without limitation, any
claim in which it takes the position that Indemnitee is not entitled to indemnification in connection with such settlement, nor shall the Company settle any claim which would impose any fine or any obligation on Indemnitee, without Indemnitee’s
prior written consent. Neither the Company nor Indemnitee shall unreasonably withhold their consent to any proposed settlement. 
 ARTICLE
11 
 PROCEDURE UPON APPLICATION FOR INDEMNIFICATION 
 11.1. Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 10.1, a determination, if required by applicable law, with respect to Indemnitee’s entitlement
thereto shall be made in the specific case: (a) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or (b) if a Change in Control shall not
have occurred, (i) by a majority vote of the Disinterested Directors (provided there is a minimum of three Disinterested Directors), even though less than a quorum of the Board, (ii) by a committee of Disinterested Directors designated by
a majority vote of the Disinterested Directors (provided there is a minimum of three Disinterested Directors), even though less than a quorum of the Board, or (iii) if there are less than three Disinterested Directors or, if such Disinterested
Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within
ten business days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or
entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination, provided,
that nothing contained in this Agreement shall require Indemnitee to waive any privilege Indemnitee may have. Any costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the
person, persons or entity making such determination shall be borne by 

  

 10 

 
the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold
Indemnitee harmless therefrom. 
 11.2. If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant
to Section 11.1 hereof, the Independent Counsel shall be selected as provided in this Section 11.2. If a Change in Control shall not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall
give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that
such selection be made by the Board, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the
Company, as the case may be, may, within ten business days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided,
however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Article 1 of this Agreement, and the objection
shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so
selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written request for indemnification
pursuant to Section 10.1 hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may seek arbitration for resolution of any objection which shall have been made by the Company or
Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the arbitrator or by such other person as the arbitrator shall designate, and the person with respect to whom
all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 11.1 hereof. Such arbitration referred to in the previous sentence shall be conducted by a single arbitrator pursuant to the
Commercial Arbitration Rules of the American Arbitration Association. Upon the due commencement of any judicial proceeding pursuant to Section 14.1 of this Agreement, Independent Counsel shall be discharged and relieved of any further
responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 ARTICLE 12

 ESTABLISHMENT OF TRUST 
 In the event a Change in Control has occurred or is reasonably likely to occur, the Company shall, upon written request by Indemnitee, create a trust for the benefit of Indemnitee and from time to time upon written request of Indemnitee
shall fund such trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for and defending any claim for indemnification
hereunder, and any and all judgments, fines, penalties and settlement amounts of any and all claims for indemnification from time to time actually paid or claimed, reasonably anticipated or proposed to be paid. The amount or amounts to be deposited
in the trust pursuant 

  

 11 

 
to the foregoing funding obligation shall be determined by the Independent Counsel. The terms of the trust shall provide that upon a Change in Control
(i) the trust shall not be revoked or the principal thereof invaded, without the written consent of Indemnitee, (ii) the trustee shall advance, within five business days of a request by Indemnitee, any and all Expenses to Indemnitee (and
Indemnitee hereby agrees to reimburse the trust under the circumstances under which Indemnitee would be required to reimburse the Company under this Agreement), (iii) the trust shall continue to be funded by the Company in accordance with the
funding obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee all amounts for which Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in such trust
shall revert to the Company upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may be, that Indemnitee has been fully indemnified under the terms of this Agreement. The trustee shall be chosen by
Indemnitee. Nothing in this Article 12 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the trust shall be reported as income by the Company for federal, state, local and
foreign tax purposes. The Company shall pay all costs of establishing and maintaining the trust. 
 ARTICLE 13 
 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS 
 13.1. In making a determination with respect to entitlement to indemnification hereunder, the Person making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if
Indemnitee has submitted a request for indemnification in accordance with Section 10.1 of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any Person of any
determination contrary to that presumption. Neither the failure of the Company (including by its Board, its independent legal counsel and its stockholders) to have made a determination prior to the commencement of any action pursuant to this
Agreement that indemnification or advancement of expenses is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its Board, its Independent Counsel and
its stockholders) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 13.2. If the Person empowered or selected under Article 11 of this Agreement to determine whether Indemnitee is entitled to indemnification shall
not have made a determination within thirty days after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such
indemnification, absent (a) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or
(b) a final judicial determination that any or all such indemnification is expressly prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an additional
fifteen days, if the Person making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto. 
  

 12 

 13.3. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order,
settlement (with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that
Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 13.4. For purposes of any determination of good
faith, Indemnitee shall be deemed to have acted in good faith if, among other things, 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 directors or officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise, its Board, any committee of the Board or any director, or on information or records given or reports made to the
Enterprise, its Board, any committee of the Board or any director, by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Enterprise, its Board, any committee of the Board or any
director. The provisions of this Section 13.4 shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this
Agreement. 
 13.5. The knowledge and/or actions, or failure to act, of any other director, officer, trustee, partner, managing member,
fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 
 ARTICLE 14 
 REMEDIES OF INDEMNITEE 
 14.1. In the event that (a) a determination is made pursuant to Article 11 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (b) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely made pursuant to Article 9 of this Agreement, (c) no determination of entitlement to indemnification
shall have been made pursuant to Section 11.1 of this Agreement within thirty days after receipt by the Company of the request for indemnification and of reasonable documentation and information which Indemnitee may be called upon to
provide pursuant to Section 11.1, (d) payment of indemnification is not made pursuant to Articles 4, 5, 6, or the last sentence of Section 11.1 of this Agreement within ten business days after
receipt by the Company of a written request therefor, (e) a contribution payment is not made in a timely manner pursuant to Article 7 of this Agreement, or (f) payment of indemnification pursuant to Article 3 or 6 of
this Agreement is not made within ten business days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such
indemnification, contribution or advancement of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration
Association. Except as set forth herein, the provisions of Delaware law (without regard to its conflict of laws rules) shall apply to any such arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award
in arbitration. 
  

 13 

 14.2. In the event that a determination shall have been made pursuant to Section 11.1 of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Article 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee
shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Article 14, Indemnitee shall be presumed to be entitled to receive advances of Expenses under this Agreement
and the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to
Section 11.1 of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Article 14, Indemnitee shall not be required to reimburse the Company for any
advances pursuant to Article 9 until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). 
 14.3. If a determination shall have been made pursuant to Section 11.1 of this Agreement that Indemnitee is entitled to indemnification, the
Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Article 14, absent (a) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make
Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (b) a prohibition of such indemnification under applicable law. 
 14.4. The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Article 14 that the
procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. 
 14.5. The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law against all Expenses and, if requested by
Indemnitee, shall (within ten days after the Company’s receipt of such written request) pay to Indemnitee, to the fullest extent permitted by applicable law, such Expenses which are incurred by Indemnitee in connection with any judicial
proceeding or arbitration brought by Indemnitee (a) to enforce his rights under, or to recover damages for breach of, this Agreement or any other indemnification, advancement or contribution agreement or provision of the Certificate of
Incorporation, or the By-Laws now or hereafter in effect; or (b) for recovery or advances under any insurance policy maintained by any person for the benefit of Indemnitee, regardless of the outcome and whether Indemnitee ultimately is
determined to be entitled to such indemnification, advancement, contribution or insurance recovery, as the case may be (unless such judicial proceeding or arbitration was not brought by Indemnitee in good faith). 
 14.6. Interest shall be paid by the Company to Indemnitee at the legal rate under Delaware law for amounts which the Company indemnifies, or is obliged
to indemnify, for the period commencing with the date on which Indemnitee requests indemnification, contribution, reimbursement or advancement of any Expenses and ending with the date on which such payment is made to Indemnitee by the Company.

  

 14 

 ARTICLE 15 
 SECURITY 
 Notwithstanding anything herein to the contrary, to the extent requested by Indemnitee and
approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security,
once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee. 
 ARTICLE 16 

NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION 
 16.1. The rights of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation,
the Company’s By-Laws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this
Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision,
permits greater indemnification or advancement of Expenses than would be afforded currently under the Certificate of Incorporation, the Company’s ByLaws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or
remedy. 
 16.2. The DGCL, the Certificate of Incorporation and the Company’s By-Laws permit the Company to purchase and maintain
insurance or furnish similar protection or make other arrangements including, but not limited to, providing a trust fund, letter of credit, or surety bond (“Indemnification Arrangements”) on behalf of Indemnitee against any
liability asserted against him or incurred by or on behalf of him or in such capacity as a director, officer, employee or agent of the Company, or arising out of his status as such, whether or not the Company would have the power to indemnify him
against such liability under the provisions of this Agreement or under the DGCL, as it may then be in effect. The purchase, establishment, and maintenance of any such Indemnification Arrangement 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 Indemnification Arrangement. 
  

 15 

 16.3. To the extent that the Company maintains an insurance policy or policies providing liability
insurance for directors, officers, trustees, partners, managing members, fiduciaries, employees, or agents of the Company or of any other Enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy
or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, trustee, partner, managing member, fiduciary, employee or agent under such policy or policies. If, at the time the
Company receives notice from any source of a Proceeding as to which Indemnitee is a party or a participant (as a witness or otherwise), the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the
commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 16.4. In the event of any payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers reasonably required and take all action reasonably necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 
 16.5. The Company shall not be
liable under this Agreement to make any payment of amounts otherwise indemnifiable (or for which advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance
policy, contract, agreement or otherwise. 
 16.6. The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who
is or was serving at the request of the Company as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification
payments or advancement of expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary, (a) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification
advancement, contribution or insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this Agreement, and (b) the Company shall perform
fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, contribution or insurance coverage rights against any person or entity other than the Company.

 ARTICLE 17 
 ENFORCEMENT AND BINDING EFFECT 
 17.1. The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve or continue to serve as a director, officer or key employee of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving or
continuing to serve as a director, officer or key employee of the Company. 
  

 16 

 17.2. This Agreement shall be effective as of the date set forth on the first page and may apply to acts
or omissions of Indemnitee which occurred prior to such date if Indemnitee was an officer, director, employee or other agent of the Company, or was serving at the request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, at the time such act or omission occurred. 
 17.3. The Company and
Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and difficult to prove, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the
parties hereto agree that Indemnitee may enforce this Agreement by seeking, among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive
relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and
injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a
waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company hereby waives any such requirement of such a bond or undertaking. 
 ARTICLE 18 
 MISCELLANEOUS 
 18.1. Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of
Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of
the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to
perform if no such succession had taken place. 
 18.2. Severability. In the event that any provision of this Agreement is determined
by a court to require the Company to do or to fail to do an act which is in violation of applicable law, such provision (including any provision within a single Article, Section, paragraph or sentence) shall be limited or modified in its application
to the minimum extent necessary to avoid a violation of law, and, as so limited or modified, such provision and the balance of this Agreement shall be enforceable in accordance with their terms to the fullest extent permitted by law. 
 18.3. Entire Agreement. Without limiting any of the rights of Indemnitee under the Certificate of Incorporation or By-Laws of the Company as they
may be amended from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the
parties hereto with respect to the subject matter hereof. 
  

 17 

 18.4. Modification, Waiver and Termination. No supplement, modification, termination, cancellation
or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall
any waiver constitute a continuing waiver. 
 18.5. Notices. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given (a) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (b) mailed by certified or registered
mail with postage prepaid, on the third business day after the date on which it is so mailed: 
 (i) If to Indemnitee, at the
address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to the Company. 
 (ii) If to the Company, to: 
       Mistral Acquisition Company 
       650 Fifth Avenue, 31st Floor 
       New York, 
       New York 10019

       Attention: Chairman 
 or to any other address as may have been furnished to Indemnitee in writing by the Company, with a copy (which shall not constitute notice) to: 
       DLA Piper US LLP 
       1251 Avenue of the Americas 
       New York, New York 10020

       Attention: William Haddad, Esq. 
 18.6. Applicable Law. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance
with, the laws of the State of Delaware, without regard to its conflict of laws rules. 
 18.7. Identical Counterparts. This Agreement
may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 18.8. 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. 
 18.9. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or
personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be 

  

 18 

 
extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if
any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern. 
 18.10.
Additional Acts. If for the validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required, the Company undertakes to cause such act, resolution, approval or other procedure to be affected
or adopted in a manner that will enable the Company to fulfill its obligations under this Agreement. 
  

 19 

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

			
	COMPANY:
	
	MISTRAL ACQUISITION COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	INDEMNITEE:
		
	By:	 	  

	Name:	 	
	Address:	 	

  

 20Form of Investment Management Trust Agreement

 Exhibit 10.7 
 [Form of Investment Management Trust Agreement] 
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
 by and between 
 MISTRAL ACQUISITION
COMPANY 
 and 
 CONTINENTAL STOCK TRANSFER & TRUST COMPANY 
  
  
 Dated as of
[            ], 2008 
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE I
	  	AGREEMENTS AND COVENANTS OF TRUSTEE	  	1
			
	 ARTICLE II
	  	LIMITED DISTRIBUTIONS OF INCOME FROM TRUST ACCOUNT	  	3
			
	 2.1
	  	Taxes	  	3
			
	 2.2
	  	Working Capital	  	3
			
	 2.3
	  	Satisfaction of Stockholder Conversion Rights	  	3
			
	 2.4
	  	No Other Distributions	  	3
			
	 ARTICLE III
	  	AGREEMENTS AND COVENANTS OF THE COMPANY	  	3
			
	 3.1
	  	Instructions	  	3
			
	 3.2
	  	Indemnity	  	3
			
	 3.3
	  	Fees	  	4
			
	 3.4
	  	Stockholder Vote	  	4
			
	 ARTICLE IV
	  	LIMITATIONS OF LIABILITY	  	5
			
	 ARTICLE V
	  	WAIVER OF CLAIMS AGAINST TRUST ACCOUNT	  	7
			
	 ARTICLE VI
	  	TERMINATION	  	7
			
	 ARTICLE VII
	  	MISCELLANEOUS	  	7
			
	 7.1
	  	Procedures for Funds Transfer	  	7
	 7.2
	  	Governing Law	  	8
	 7.3
	  	Counterparts	  	8
	 7.4
	  	Complete Agreement; Amendment; Waiver of Trial by Jury	  	8
	 7.5
	  	Consent to Jurisdiction	  	8
	 7.6
	  	Notice; Consent; Requests	  	8
	 7.7
	  	Assignability	  	9
	 7.8
	  	Authority to Contract	  	10
	 7.9
	  	Publicity	  	10
	 7.10
	  	Third Party Beneficiaries	  	10
		
	 SCHEDULE A FEE ITEMS
	  	12
		
	 EXHIBIT A TERMINATION LETTER
	  	13
		
	 EXHIBIT B TERMINATION LETTER
	  	15
		
	 EXHIBIT C AUTHORIZED INDIVIDUALS
	  	16

  

 -i- 

 INVESTMENT MANAGEMENT TRUST AGREEMENT 
 This INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Agreement”) is made as of
            , 2008 by and between Mistral Acquisition Company (the “Company”) and Continental Stock Transfer & Trust Company, as trustee (the
“Trustee”). 
 WHEREAS, the Company’s Registration Statement on Form S-1 under the Securities Act of 1933, as amended,
No. 333-148741 (the “Registration Statement”) for its initial public offering (the “Initial Public Offering”) of units, each consisting of one share of common stock and one warrant to purchase one share of
common stock, has been declared effective as of             , 2008 (the “Effective Date”) by the Securities and Exchange Commission; 
 WHEREAS, Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as representative (the “Representative”) of the several
underwriters in the Initial Public Offering (collectively, with the Representative, the “Underwriters”); 
 WHEREAS, Mistral
SPAC Holdings, LLC and Ramius SPAC Holdings, LLC (together, the “Sponsor”) and Stephen J. Heyer have agreed to purchase from the Company an aggregate of 9,000,000 warrants (the “Sponsor Warrants”) at a price of
$1.00 per warrant in a private placement that will occur immediately prior to the consummation of the Initial Public Offering; 
 WHEREAS, as
described in the Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), $297,590,000 of the proceeds of the Initial Public Offering
and the sale of the Sponsor Warrants ($341,015,000 if the underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee upon consummation of the Initial Public Offering (such amount delivered to the Trustee,
together with income earned thereon, the “Property”), to be deposited and held in the Trust Account (as defined below); 
 WHEREAS, a portion of the Property consists of $10,500,000 (or $12,075,000 if the underwriters’ over-allotment option is exercised in full) attributable to a deferred underwriters’ discount (the “Deferred
Compensation”) that the underwriters in the Initial Public Offering have agreed to deposit in the Trust Account until such time as the Company consummates a Business Combination (as defined in the Company’s Certificate of
Incorporation); and 
 WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant
to which the Trustee shall hold the Property; 
 NOW, THEREFORE, for and in consideration of the mutual agreements herein contained, the
parties hereto agree as follows: 
 ARTICLE I 
 AGREEMENTS AND COVENANTS OF TRUSTEE 
 Subject to the terms and conditions of this Agreement, including
Article IV hereof, the Trustee hereby agrees and covenants to: 
 (a) Hold the Property in trust in accordance with the terms of this
Agreement in a segregated trust account (the “Trust Account”) established by the Trustee; 
  

 1 

 (b) Manage, supervise and administer the Trust Account subject to the terms and conditions set forth
herein; 
 (c) In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States
“government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “1940 Act”), having a maturity date of 180 days or less or in any money market funds selected by
the Company meeting the conditions of Sections (c)(2), (c)(3) and (c)(4) of Rule 2a-7 promulgated under the 1940 Act (any such investments may include funds for which the Trustee or an affiliate of the Trustee serves as an investment advisor,
administrator, shareholder servicing agent, custodian or subcustodian, subject to customary fees and expenses); 
 (d) Collect and receive,
when due, all principal and income arising from the Property, which shall become part of the “Property” as such term is used herein; 
 (e) Promptly notify the Company of all communications received by it with respect to the Property requiring action by the Company; 
 (f) Promptly supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of the tax returns relating to the Property held in the Trust Account or otherwise relating to
the Trust Account; 
 (g) Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property
if, as and when instructed by the Company to do so; 
 (h) Render to the Company, and to the Underwriters if the Company shall so instruct,
monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; 
 (i) Commence liquidation of the Trust Account promptly after receipt of, and only in accordance with the terms of, a letter (the “Termination Letter”), substantially in the form attached hereto as either Exhibit A or
Exhibit B, signed on behalf of the Company by its Chairman of the Board, Vice Chairman, Chief Executive Officer, Chief Financial Officer or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the
Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been received by [ ], 2010 or, if an extension
is approved in accordance with the terms of the Certificate of Incorporation, the last day of the Extension Period (as defined therein) (the “Termination Date”), the Trust Account shall be liquidated and distributed in accordance
with the procedures set forth in the Termination Letter attached as Exhibit B hereto and the documents referred to therein. 
  

 2 

 ARTICLE II 
 LIMITED DISTRIBUTIONS OF INCOME FROM TRUST ACCOUNT 
 2.1 Taxes. If there is any income or other
federal, state or local tax obligation relating to the Property in the Trust Account as determined by the Company, then, from time to time, upon the written request of the Company, the Trustee shall promptly, to the extent there is not sufficient
cash in the Trust Account to pay such tax obligation, liquidate such assets held in the Trust Account as shall be designated by the Company in writing, and disburse to the Company by wire transfer, out of the Property in the Trust Account, the
amount indicated by the Company as owing in respect of such tax obligation. 
 2.2 Working Capital. Upon the written request of the
Company, from time to time, the Trustee shall distribute to the Company amounts necessary to fund the Company’s working capital requirements; provided that the Company shall certify to the Trustee that any amounts requested do not exceed
the aggregate amount of income earned on the Property through the last day of the month immediately preceding the Company’s request, net of taxes payable in respect of such income and amounts previously disbursed pursuant to Section 2.1
and this Section 2.2; and provided further that the Company shall certify to the Trustee that the total amount of disbursements made pursuant to this Section 2.2 does not exceed $2,400,000 in the aggregate. 
 2.3 Satisfaction of Stockholder Conversion Rights. Upon the written request of the Company, the Trustee shall distribute to the Company amounts
necessary to satisfy the exercise of stockholder conversion rights in accordance with Section 6.6 of the Certificate of Incorporation. 
 2.4 No Other Distributions. Except as provided in Sections 2.1, 2.2, and 2.3, no other distributions from the Trust Account shall be permitted other than pursuant to Article I(i) above. 
 ARTICLE III 
 AGREEMENTS AND
COVENANTS OF THE COMPANY 
 3.1 Instructions. The Company shall give all instructions to the Trustee hereunder in writing, signed
by the Company’s Chairman of the Board, Vice Chairman, Chief Executive Officer, Chief Financial Officer or other authorized officer. In addition, except with respect to its duties under Sections 2.1, 2.2, and 2.3 above, the Trustee shall be
entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction that it in good faith believes to be given by any one of the persons authorized above to give written instructions. The Company shall promptly
confirm any such verbal or telephonic instructions in writing. The Company shall instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make any distributions that
are not permitted under this Agreement. 
 3.2 Indemnity. The Company shall hold the Trustee harmless and indemnify the Trustee from
and against, any and all claims, actions, suits, costs or expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection with 

  

 3 

 
any claim, action, suit or other proceeding brought against the Trustee involving any claim or demand that in any way arises out of or relates to this
Agreement, the services of the Trustee hereunder, or the Property or any income earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, willful misconduct or bad faith. Promptly after the receipt by
the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 3.2, it shall notify the Company in writing of such claim and the
nature, basis and amount of such claim to the extent then known (hereinafter referred to as the “Indemnified Claim”). The Company shall conduct and manage the defense against such Indemnified Claim; provided, that the Company
shall keep the Trustee reasonably informed of the status of such Indemnified Claim; and provided, further, that the Trustee may voluntarily participate in such action at its own cost with its own counsel. The Trustee may not agree to
settle any Indemnified Claim without the prior written consent of the Company. The Company shall not, without the prior written consent of the Trustee, effect any settlement of any Indemnified Claim unless such settlement (i) includes an
unconditional release of the Trustee from all liability on such Indemnified Claim and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of the Trustee. The obligations and rights
contained in this Section 3.2 shall survive the termination of this Agreement, including the resignation of the Trustee. 
 3.3
Fees. The Company shall pay the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Article II as set forth on Schedule A hereto, which fees shall be subject to modification
by mutual agreement of the parties from time to time. It is expressly understood that said transaction processing fees shall be deducted by the Trustee from disbursements made to the Company pursuant to Section 2.2. The Company shall pay the
Trustee the initial acceptance fee and first year’s fee at the consummation of the Initial Public Offering and thereafter on the anniversary of the Effective Date. The Trustee shall be entitled to be reimbursed by the Company for its other
reasonable expenses hereunder, including the reasonable fees and expenses of outside counsel it may employ in connection with the exercise and performance of its rights and duties hereunder (excluding fees and expenses of counsel incurred prior to
the date of this Agreement), upon presentation of appropriate documentation therefor. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 3.3 and as may be provided in
Section 3.2 hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections, except that such Property may be used to make payments to the Trustee upon disbursement made pursuant
to Section 2.2). 
 3.4 Stockholder Vote. In connection with any vote of the holders of the Company’s common stock issued in
the Initial Public Offering (such stockholders, the “Public Stockholders”) regarding a Business Combination, the Company shall provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business of
soliciting proxies and tabulating stockholder votes verifying the vote of the Public Stockholders regarding such Business Combination. 
 3.5
Notices to Underwriters. Provide the Underwriters with a copy of any Termination Letters and/or any other correspondence that it sends to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the
same. 
  

 4 

 ARTICLE IV 
 LIMITATIONS OF LIABILITY 
 The Trustee shall have no responsibility or liability for: 
 (a) Taking any action with respect to the Property, other than as directed in Articles I and II hereof and the Trustee shall have no liability to any
party except for liability arising out of its own gross negligence, willful misconduct or bad faith; 
 (b) Instituting any proceeding for
the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as
provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto; 
 (c) Verifying that any of the investments selected by the Company pursuant to Article I(c) hereof constitute United States “government securities” within the meaning of Section 2(a)(16) of the 1940 Act or have maturity dates
of 180 days or less or that any money market funds selected by the Company meet the conditions of Sections (c)(2), (c)(3) and (c)(4) of Rule 2a-7 promulgated under the 1940 Act; 
 (d) Refunding any depreciation in principal of any Property; 
 (e) Assuming that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise in such designation or unless the Company shall have delivered a
written revocation of such authority to the Trustee; 
 (f) Any action taken or omitted by it, or any action suffered by it to be taken or
omitted, in good faith and in the exercise of its own best judgment, except for its gross negligence, willful misconduct or bad faith, whether to the other parties hereto or anyone else. The Trustee may rely conclusively and shall be protected in
acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness
of its provisions, but also as to the truth and acceptability of any information therein contained) that is believed by the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be
bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the
duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 
 (g) Verifying the correctness of the
information set forth in the Registration Statement or confirming that any Business Combination made by the Company or any other action taken by it is as contemplated by the Registration Statement, unless an officer of the Trustee has actual
knowledge thereof, written notice of such event is sent to the Trustee or as otherwise required under Article I(i) hereof; 
  

 5 

 (h) Preparing, executing and filing tax reports, income or other tax returns and paying any taxes with
respect to income and activities relating to the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, income tax obligations, it being expressly understood that, as set forth in
Section 2.1 hereof, if there is any income tax obligation relating to income on the Property in the Trust Account, as determined from time to time by the Company and regardless of whether such tax is payable by the Company or the Trust Account,
at the written instruction of the Company, the Trustee shall make funds available in cash from the Property in the Trust Account in an amount specified by the Company as owing to the applicable tax authority, which amount shall be paid directly to
the Company by electronic funds transfer, account debit or other method of payment, and the Company shall forward such payment to the taxing authority; and 
 (i) Verifying calculations, qualifying or otherwise approving Company requests for distributions pursuant to Article I(i) and Sections 2.1, 2.2, and 2.3 hereof. 
 (j)(i) Special, consequential or punitive damages, (ii) acts or omissions of securities depositories, brokers or dealers; or (iii) any losses
due to forces beyond the control of the Trustee, including without limitation, strikes, work stoppages, acts of war or terrorism, insurrection, revolution, nuclear or natural catastrophes or acts of God and interruptions, loss or malfunctions of
utilities, communications or computer (software and hardware) services. 
 The Trustee: 
 (aa) shall not (by virtue of this Agreement or the performance of its duties hereunder) be held to any obligations, duties (including fiduciary duties)
or relationship of agency or trust for or with the Public Stockholders or the Underwriters; 
 (bb) shall have no duties or obligations other
than those specifically set forth in this Agreement and no duties or obligations shall be implied; 
 (cc) shall be able to consult with
counsel satisfactory to it (including counsel for the other parties hereto) and the advice or opinion of such counsel, after consultation with the Company and its counsel, shall be full and complete authorization and protection in respect of any
action taken, suffered or omitted by it hereunder in good faith and in accordance with the advice or opinion of such counsel; 
 (dd) shall
not, notwithstanding any provision of this Agreement to the contrary, be required to make any payment hereunder until sufficient funds are actually received by the Trustee; and 
 (ee) shall not be required to take any action hereunder if the Trustee shall have reasonably determined, or shall have been advised by counsel, that such
action is likely to result in liability on the part of the Trustee or is contrary to the terms hereof or is otherwise contrary to law. 
 In
carrying out its duties and obligations hereunder, the Trustee may do so by or through agents or affiliates disclosed or referenced in any account agreement signed by the Company or otherwise reasonably acceptable to the Company. The rights,
privileges, protections, immunities and benefits provided to the Trustee hereunder (including its right to be indemnified) are extended to, and shall be enforceable by, any such agents or affiliates. 
  

 6 

 ARTICLE V 
 WAIVER OF CLAIMS AGAINST TRUST ACCOUNT 
 The Trustee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) that the Trustee may have against the Property held in the Trust Account, and hereby agrees not to seek recourse, reimbursement, set-off, payment or satisfaction for any Claim against the Trust Account
for any reason whatsoever. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation, Section 3.2, the Trustee will pursue such claim solely against the Company and not against the
Property held in the Trust Account. 
 ARTICLE VI 
 TERMINATION 
 This Agreement shall terminate as follows: 
 (a) If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts to
identify a successor trustee, during which time the Trustee shall continue to act in accordance with the terms of this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has
agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating to the Trust
Account, whereupon this Agreement shall terminate; provided, however, that, in the event that the Company does not identify a successor trustee within 60 days of receipt of the resignation notice from the Trustee, the Trustee may apply
to a court of competent jurisdiction in the state or federal courts of New York or Delaware for the appointment of a successor trustee; or 
 (b) At such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of Article I(i) hereof, and distributed the Property in accordance with the provisions of the applicable Termination
Letter, this Agreement shall terminate except with respect to Section 3.2 hereof. 
 ARTICLE VII 
 MISCELLANEOUS 
 7.1 Procedures for
Funds Transfer. The Company and the Trustee each acknowledge and agree that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. Upon receipt of written instructions, the
Trustee will confirm such instructions with an Authorized Individual for the Company at an Authorized Telephone Number listed on Exhibit C attached hereto. The Company and the Trustee will each restrict access to confidential information relating to
such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In
executing funds transfers, the Trustee will rely upon account 

  

 7 

 
numbers or other identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank, rather than names. The Trustee shall not be liable for
any loss, liability or expense resulting from any error in an account number or other identifying number. 
 7.2 Governing Law. This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction. 
 7.3 Counterparts. This Agreement may be executed in several original or facsimile (including “pdf”)
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. 
 7.4 Complete Agreement;
Amendment; Waiver of Trial by Jury. This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. This Agreement or any provision hereof may only be changed, amended, waived or
modified by a writing signed by each of the parties hereto; provided, however, that no such change, amendment, waiver or modification may be made without the prior written consent of the Representative. As to any claim, cross-claim or
counterclaim in any way relating to this Agreement, each party waives the right to trial by jury. 
 7.5 Consent to Jurisdiction. The
parties hereto consent to the non-exclusive jurisdiction and venue of any state or federal court located in the State of New York, Borough of Manhattan, for purposes of resolving any disputes hereunder and hereby waive any objection to such
jurisdiction and that such courts represent an inconvenient forum. 
 7.6 Notice; Consent; Requests. Any notice, consent or request to
be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile
transmission: 
 if to the Trustee, to: 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attn:
[    ] 
 Fax No.: [    ] 
 if to the Company, to: 
 Mistral Acquisition
Company 
 650 Fifth Avenue, 31st Floor 
 New York, New York 10019 
 Attn: Chairman 
 Fax No.: (212) 616-9601 
  

 8 

 in either case with a copy (which shall not constitute notice) to: 
 Merrill Lynch, Pierce, Fenner & Smith Incorporated 
 4 World Financial Center 
 New York, New York 10080 
 Attn: [    ] 
 Fax No.:
[    ] 
 and 
 Pali Capital, Inc. 
 650 Fifth Avenue 
 New York, New York 10019 
 Attn: [    ] 
 Fax No.: [    ] 
 and

 EarlyBirdCapital, Inc. 
 275
Madison Avenue 
 New York, New York 10016 
 Attn: [    ] 
 Fax No.: [    ] 
 and 
 DLA Piper US LLP 
 1251 Avenue of the Americas 
 New York, New
York 10020 
 Attn: William Haddad, Esq. 
 Fax No.: (212) 335-4501 
 and 
 Kramer Levin Naftalis & Frankel LLP 
 1177 Avenue of the Americas 
 New York, New York 10036 
 Attn: Christopher S. Auguste, Esq. 
 Fax
No.: (212) 715-8000 
 7.7 Assignability. This Agreement may not be assigned by the Trustee without the prior written consent of
the Company and the Representative. 
  

 9 

 7.8 Authority to Contract. Each of the Trustee and the Company hereby represents that it has the
full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. 
 7.9 Publicity. The Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust Company in the Registration Statement and other materials relating to the Initial Public Offering. 
 7.10 Consent to Inclusion in Registration Statement. The Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust
Company in the Registration Statement and other materials relating to the Initial Public Offering. 
 7.11 Third Party Beneficiaries.
Each of the Company and the Trustee hereby acknowledge that the Underwriters are third party beneficiaries of this Agreement. 
 [Remainder of
this page left intentionally blank] 
  

 10 

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

  

			
	CONTINENTAL STOCK TRANSFER AND TRUST COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MISTRAL ACQUISITION COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

 SCHEDULE A 
 FEE ITEMS 
  

						
	 Fee Item
	  	 Time and Method of Payment
	  	Amount
	Initial acceptance fee	  	Initial closing of the Initial Public Offering by wire transfer	  	$	1,000
			
	 Annual fee
	  	First year, initial closing of the Initial Public Offering by wire transfer; thereafter on the anniversary of the Effective Date by wire transfer or check	  	$	3,000
			
	 Transaction processing fee for disbursements to Company under Article I(i) and Sections 2.1, 2.2 and 2.3

	  	Deduction by Trustee from accumulated income following disbursement made to Company under Section 2	  	$	250

  

 12 

 EXHIBIT A 
 TERMINATION LETTER 
 [Letterhead of Company] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place

 New York, New York 10004 
 Attn: [Corporate Trust
Administration] 
  

			
	 Re: Trust Account No. [    ]
	  	Termination Letter

 Ladies and Gentlemen: 
 Pursuant to Article I(i) of the Investment Management Trust Agreement between Mistral Acquisition Company (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [            ], 2008 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business
Agreement”) with [            ] “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or
about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized terms used but not otherwise defined herein shall
have the meaning ascribed to such terms in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize
you to commence liquidation of Trust Account No.              (the “Trust Account”) to the effect that, on the Consummation Date, all of funds held in the
Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct in writing. 
 On the
Consummation Date, (i) counsel to the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company and the Representative shall deliver to you joint written instructions with
respect to the transfer of the funds held in the Trust Account, including the Deferred Compensation (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account on the
Consummation Date, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company and the
Representative of the same and the Company and the Representative shall jointly direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company, or with respect to the Deferred
Compensation, to the Underwriters. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated and the Trust Account closed. 
 In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or
before 

  

 13 

 
the original Consummation Date of a new Consummation Date, then the funds held in the Trust Account shall, upon written instruction from the Company, be
redeposited as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. 
 Very truly
yours, 
  

			
	MISTRAL ACQUISITION COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	cc:	Merrill Lynch, Pierce, Fenner & Smith Incorporated 

 Pali Capital, Inc. 
 EarlyBirdCapital, Inc. 
  

 14 

 EXHIBIT B 
 TERMINATION LETTER 
 [Letterhead of Company] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place

 New York, 
 New York 10004 
 Attn: [Corporate Trust Administration] 
  

			
	 Re: Trust Account No. [    ]
	  	Termination Letter

 Ladies and Gentlemen: 
 Pursuant to Article I(i) of the Investment Management Trust Agreement between Mistral Acquisition Company (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of [            ], 2008 (“Trust Agreement”), this is to advise you that the Company has been dissolved due to its inability to effect
a Business Combination within the time frame specified in the Company’s prospectus relating to its Initial Public Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 
 Attached hereto is a certified copy of the Certificate of Dissolution as filed with the Secretary of State of Delaware. In accordance with the terms of
the Trust Agreement, we hereby authorize you, to commence, as promptly as practicable, liquidation of the Trust Account and distribution of the funds in the Trust Account to [            ]
(the “Designated Paying Agent”) on behalf of the Company. You will notify the Company and the Designated Paying Agent in writing at [insert address] as to when all such funds will be available for immediate transfer (the
“Transfer Date”). The Designated Paying Agent shall thereafter notify you as to the account or accounts of the Designated Paying Agent that the funds in the Trust Account should be transferred to on the Transfer Date so that the
Designated Paying Agent may commence distribution of such funds in accordance with the Company’s instructions. You shall have no obligation to oversee the Designated Paying Agent’s distribution of the funds. Upon the payment to the
Designated Paying Agent of all the funds in the Trust Account, the Trust Agreement shall terminate in accordance with the terms thereof. 
 Very truly yours,

  

			
	MISTRAL ACQUISITION COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	cc:	Merrill Lynch, Pierce, Fenner & Smith Incorporated 

 Pali Capital, Inc. 
 EarlyBirdCapital, Inc. 
  

 15 

 EXHIBIT C 
 AUTHORIZED INDIVIDUALS 
  

			
	 AUTHORIZED INDIVIDUAL(S)
	  	AUTHORIZED
	 FOR TELEPHONE CALL BACK
	  	TELEPHONE NUMBER(S)
		
	Company:	  	
		
	MISTRAL ACQUISITION COMPANY	  	
	650 Fifth Avenue, 31st Floor	  	
	New York, New York 10019	  	
	Attn: [Andrew R. Heyer]	  	(212) 616-9600
		
	Trustee:	  	
		
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY	  	
	17 Battery Place	  	
	New York, New York 10004	  	
	Attn: [Corporate Trust Administration]	  	[    ]

  

 16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]