Document:

Guarantee

 Exhibit 10.3 
 GUARANTEE 
 This Agreement is made as of the 19th day of April, 2012. 

 

					
	TO:	  	Name:	  	SAMSUNG HEAVY INDUSTRIES CO., LTD.
		  	Address:	  	Samsung Life Insurance Seocho Tower 1321-15,
		  		  	Seocho-Dong, Seocho-Gu, Seoul, 137-857, Korea
		  	Attention:	  	Tai-Yeon Cho (Terry)
		  	Facsimile:	  	011-82-55-630-9788

 RECITALS: 

			
		
	A.	  	ZEPHYR FARMS LIMITED (the “Debtor”) and SAMSUNG HEAVY INDUSTRIES CO., LTD. (the “Creditor”) are parties to a Credit Agreement dated November 26, 2010 (the
“Credit Agreement”) (as amended, supplemented, restated or replaced from time to time) relating to the Wind Energy Plant.
		
	B.	  	It is in the interests of QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. (the “Guarantor”) that the Creditor extend credit (or continue to extend credit)
to the Debtor, and the Guarantor is therefore prepared to issue this Agreement to the Creditor in order to induce the Creditor to do so. The specific circumstances under which this guarantee is made is for the payment by the Debtor of certain costs
and expenses in the aggregate amount of Cdn. $1,860,000 related to construction of a 10 MW wind generation facility in Brooke- Alvinston Township, Lambton County, Ontario (the “Wind Energy Plant”).

 For good and valuable consideration, the receipt and adequacy of which are acknowledged by the Guarantor, the Guarantor
agrees with and in favour of the Creditor as follows: 
  

	1.	Definitions. In this Agreement the following capitalized terms have the following meanings: 

“Agreement” means this agreement, including the recitals to this agreement, as it or they may he amended, supplemented, restated or
replaced from time to time, and the expressions “hereof”, “herein”, “hereto”, “hereunder”, “hereby” and similar expressions refer to this Agreement and not to any particular section or other portion
of this Agreement. 
 “Credit Agreement” has the meaning set out in the recitals hereto. 

“Creditor” has the meaning set out in the recitals hereto. 

 “Debtor” has the meaning set out in the recitals hereto. 

“Default” means an Event of Default or any event or circumstance which would (with the expiry of a grace period, the giving of notice,
the making of any determination under a Loan Document or any combination of the foregoing) be an Event of Default. 
 “Event of
Default” means any default in payment when due of the Guaranteed Liabilities, any breach of the Credit Agreement (other than by the Creditor) or any event described or defined as an “event of default” or “Event of
Default” under a Loan Document. 
 “Governmental Authority” means the government of Canada, any other nation or any
political subdivision thereof, whether provincial, state, territorial or local, and any agency, authority, instrumentality, regulatory body, court, central bank, fiscal or monetary authority or other authority regulating financial institutions, and
any other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, including the Bank Committee on Banking Regulation and Supervisory Practices of the Bank of
International Settlements. 
 “Guaranteed Liabilities” means certain costs and expenses in the aggregate amount of Cdn.
$1,860,000 related to construction of the Wind Energy Plant. 
 “Guarantor” has the meaning set out in the recitals hereto.

 “Insolvency Proceeding” means any proceeding seeking to adjudicate a Person an insolvent, seeking a receiving order against
under the Bankruptcy and Insolvency Act (Canada), or seeking liquidation, dissolution, winding-up, reorganization, compromise, arrangement, adjustment, protection, moratorium, relief or composition of such Person or its debts or a stay of
proceedings of such Person’s creditors generally (or any class of creditors) or any other relief, under any federal, provincial or foreign law now or hereafter in effect relating to bankruptcy, winding-up, insolvency, reorganization,
receivership, plans of arrangement or relief or protection of debtors (including the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and any similar legislation in any jurisdiction) or at
common law or in equity. 
 “Intercompany Debt” means all present and future indebtedness, liabilities and obligations of any
and every kind, nature and description (whether direct or indirect, joint or several, absolute or contingent, matured or unmatured) of the Debtor to the Guarantor. 
 “Laws” means all federal, provincial, municipal, foreign and international statutes, acts, codes, ordinances, decrees, treaties, rules, regulations, municipal by-laws, judicial or
arbitral or administrative or ministerial or departmental or regulatory judgments, orders, decisions, rulings or awards or any provisions of the foregoing, including general principles of common and civil law and equity, and all policies, practices
and guidelines of any Governmental Authority binding 

  
 2. 

 
on or affecting the Person referred to in the context in which such word is used (including, in the case of tax matters, any accepted practice or application or official interpretation of any
relevant taxation authority); and “Law” means any one or more of the foregoing. 
 “Lien” means, (a) with
respect to any asset, any mortgage, deed of trust, lien, pledge, hypothec (whether movable or immovable), hypothecation, encumbrance, charge, security interest, royalty interest, adverse claim, defect to title or right of set off in, on or of such
asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease, title retention agreement or consignment agreement (or any financing lease having substantially the same economic effect as any of the
foregoing) relating to any asset, (c) any purchase option, call or similar right of a third party with respect to such asset, (d) any netting arrangement, defeasance arrangement or reciprocal fee arrangement, and (e) any other
arrangement having the effect of providing security. 
 “Loan Document” means the Credit Agreement and each of the agreements
or documents contemplated thereby. 
 “Original Currency” has the meaning set out in Section 18. 

“Other Currency” has the meaning set out in Section 18. 
 “Organizational Documents” means, with respect to any Person, such Person’s articles or other charter documents, by-laws, unanimous shareholder agreement, partnership agreement or
trust agreement, as applicable, and any and all other similar agreements, documents and instruments relative to such Person. 

“Person” includes any natural person, corporation, company, limited liability company, unlimited liability company, trust, joint
venture, association, incorporated organization, partnership, Governmental Authority or other entity. 
 “Secured Liabilities”
means all present and future indebtedness, liabilities and obligations of the Guarantor to the Creditor under this Agreement, and any unpaid balance thereof. 
 “Security” means any present or future Lien, or any present or future guarantee or other financial assistance, granted by any Person with respect to any or all of the Guaranteed
Liabilities or Secured Liabilities. 
 “Surety” means any present or future guarantor or surety of any or all of the Guaranteed
Liabilities, other than the Guarantor. 
  

	2.	 Guarantee. The Guarantor hereby unconditionally and irrevocably guarantees the punctual and timely payment and performance to the
Creditor, forthwith upon demand by the Creditor, of all Guaranteed Liabilities. All amounts payable by the Guarantor under this Agreement shall be paid to the Creditor at the address of the Creditor shown

  
 3. 

	 	
above or as otherwise directed in writing by the Creditor. Any amounts payable by the Guarantor under this Agreement which are not paid forthwith upon demand therefor by the Creditor shall bear
interest from the date of such demand at the rate or rates applicable to the corresponding Guaranteed Liabilities. Notwithstanding anything contained in this Guarantee to the contrary, the aggregate liability of the Guarantor pursuant to this
Guarantee shall not exceed Cdn. $1,860,000 plus reasonable legal fees and expenses payable by the Guarantor as provided for herein. 

 Immediately upon the occurrence of the Wind Energy Plant, achieving COD (as defined in the Credit Agreement), this Agreement and all liability of the Guarantor hereunder, will terminate and be of no
further force and effect; provided however that the obligations of the Guarantor arising under or as a result of this Agreement will not be affected if demand has been made prior to such termination. 

 

	3.	Secured Liabilities. The Secured Liabilities are continuing, absolute, unconditional and irrevocable. The Secured Liabilities shall remain effective
despite, and shall not be released, exonerated, discharged, diminished, subjected to defence, limited or in any way affected by, anything done, omitted to be done, suffered or permitted by the Creditor, the Debtor or any other Person, or by any
other matter, act, omission, circumstance, development or other thing of any nature, kind or description, other than the due payment and performance in full of all of the Guaranteed Liabilities and all of the Secured Liabilities.

  

	4.	Guarantee Absolute. Without limiting the generality of Section 3, the Secured Liabilities shall remain fully effective and enforceable against the
Guarantor and shall not be released, exonerated, discharged, diminished, subjected to defence, limited or in any way affected by, and the rights and remedies of the Creditor under this Agreement shall not in any way be diminished or prejudiced by:

  

	 	(a)	any lack of genuineness, validity or enforceability of any of the Guaranteed Liabilities or of any agreement or arrangement between the Debtor, or any other Person, and
the Creditor, or any failure by the Debtor, or any other Person, to carry out any of its obligations under any such agreement or arrangement; 

  

	 	(b)	any change in the name, objects, powers, organization, share capital, Organizational Documents, business, shareholders, directors or management of the Debtor, the
Guarantor or any Surety, the reorganization of the Debtor, the Guarantor or any Surety, any amalgamation or merger by the Debtor, the Guarantor or any Surety with any other Person or Persons, or any continuation of the Debtor, the Guarantor, or any
Surety under the laws of any jurisdiction; 

  

	 	(c)	 any lack or limitation of power, incapacity or disability of the Debtor, the Guarantor or any Surety or of the directors, officers, managers, employees
or agents of the Debtor, the Guarantor or any Surety or any other irregularity, defect or informality, or any fraud, by the Debtor, the Guarantor or any Surety or 

  
 4. 

	 	
any of their respective directors, officers, managers, employees or agents, with respect to any or all of the Guaranteed Liabilities, any or all of the Secured Liabilities or any or all of the
liabilities and obligations of any Surety; 

  

	 	(d)	any non-compliance with or contravention by the Guarantor of any provision of any corporate statute applicable to the Guarantor relative to guarantees or other
financial assistance given by the Guarantor; 

  

	 	(e)	any impossibility, impracticability, frustration of purpose, illegality, invalidity, force majeure or act of Governmental Authority; 

 

	 	(f)	any Insolvency Proceeding affecting, or the financial condition of, the Debtor, the Guarantor, any Surety, the Creditor or any other Person at any time;

  

	 	(g)	any law, regulation, limitation or prescription period or other circumstance that might otherwise be a defence available to, or a discharge of, the Debtor, the
Guarantor or any Surety in respect of any or all of the Guaranteed Liabilities, any or all of the Secured Liabilities or any or all of the liabilities and obligations of any Surety; 

 

	 	(h)	any loss of, or in respect of, any Security by or on behalf of the Creditor from the Debtor, the Guarantor, any Surety or any other Person, whether occasioned through
the fault of the Creditor or otherwise; 

  

	 	(i)	any loss or impairment of any right of the Guarantor for subrogation, reimbursement or contribution, whether or not as a result of any action taken or omitted to be
taken by the Creditor; or 

  

	 	(j)	any other matter, act, omission, circumstance, development or thing of any and every nature, kind and description whatsoever (other than the due payment and performance
in full of the Guaranteed Liabilities and the Secured Liabilities) that might in any manner (but for the operation of this Section) operate (whether by statute, at law, in equity or otherwise) to release, discharge, diminish, limit, restrict or in
any way affect the liability of, or otherwise provide a defence to, a guarantor, a surety, or a principal debtor, even if known by the Creditor. 

  

	5.	Dealing with Guaranteed Liabilities. Without limiting the generality of Section 3, the Creditor may, with respect to any or all of the Guaranteed
Liabilities, without any requirement to give notice to or obtain the consent of the Guarantor, without releasing, exonerating, discharging, diminishing, limiting, restricting, subjecting to a defence or otherwise affecting any of the Secured
Liabilities, and without diminishing or prejudicing any or all of the rights and remedies of the Creditor under this Agreement: 

  

	 	(a)	amend, alter or vary in any manner and to any extent (and irrespective of the effect of the same on the Guarantor) any of the Guaranteed Liabilities, any of the
liabilities and obligations of any Surety, any Security or the Creditor’s arrangements or agreements with the Debtor, any Surety or any other Person; 

  
 5. 

	 	(b)	compromise, subordinate, postpone or abandon any of the Guaranteed Liabilities, any of the Secured Liabilities, any of the liabilities and obligations of any Surety,
any Security or the Creditor’s arrangements or agreements with the Debtor, any Surety or any other Person; 

  

	 	(c)	grant time, renewals, extensions, indulgences, releases or discharges to the Debtor, any Surety or any other Person; 

 

	 	(d)	create new or additional Guaranteed Liabilities, increase or reduce the rate of interest on any or all of the Guaranteed Liabilities or any other rates or fees payable
under or in respect of any or all of the Guaranteed Liabilities; 

  

	 	(e)	alter, compromise, accelerate, extend or change the time or manner for payment or performance by the Debtor of, or by any other Person or Persons liable to the Creditor
with respect to, any or all of the Guaranteed Liabilities; 

  

	 	(f)	take or abstain from taking Security from the Debtor, any Surety or any other Person or abstain from completing, perfecting or maintaining the perfection of any
Security; 

  

	 	(g)	release or add one or more Sureties or endorsers, accept additional or substituted Security, or release, subordinate or postpone any Security; 

 

	 	(h)	accept compromises from the Debtor, any Surety or any other Person; 

  

	 	(i)	create or add any new Loan Documents; 

  

	 	(j)	do, or omit to do, anything to enforce the payment or performance of any or all of the Guaranteed Liabilities, any or all of the liabilities and obligations of any
Surety or any Security; 

  

	 	(k)	give or refuse to give or continue giving any credit or any financial accommodation to the Debtor or to any other Person; 

 

	 	(l)	prove any claim in any Insolvency Proceeding affecting the Debtor, any Surety or any other Person as it sees fit or refrain from proving any claim or permit or suffer
the impairment of any of the Guaranteed Liabilities in any such Insolvency Proceeding; make any election in any such Insolvency Proceeding; permit or suffer the creation of secured or unsecured credit or debt in any such Insolvency Proceeding; or
permit or suffer the disallowance, avoidance, or subordination of any of the Guaranteed Liabilities or the obligations of any other debtor with respect to the Guaranteed Liabilities in any such Insolvency Proceeding; 

  
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	 	(m)	apply any money received from the Debtor, any Surety, any other Person or any Security upon such part of the Guaranteed Liabilities as the Creditor may see fit or
change any such application in whole or in part from time to time as the Creditor may see fit; or 

  

	 	(n)	otherwise deal with the Debtor, any Surety, any other Person, the Guaranteed Liabilities, the liabilities and obligations of any Sureties, and all Security as the
Creditor may see fit. 

  

	6.	Settlement of Accounts. Any account settled or stated between the Creditor and the Debtor shall be accepted by the Guarantor as prima facie
evidence that the amount thereby appearing due by the Debtor to the Creditor is so due. 

  

	7.	Guarantor Liable as Principal Debtor. If, and to the extent that, any amount in respect of the Guaranteed Liabilities is not recoverable from the
Guarantor under this Agreement on the basis of a guarantee for any reason, then, notwithstanding any other provision of this Agreement, the Guarantor shall be liable under this Agreement as principal obligor in respect of the due payment of such
amount and shall pay such amount to the Creditor after demand as herein provided. 

  

	8.	Indemnity. The Guarantor shall indemnify and save the Creditor harmless from and against all losses, costs, damages, expenses, claims and liabilities that
the Creditor may suffer or incur in connection with or in respect of any failure by the Debtor for any reason to pay or perform any of the Guaranteed Liabilities, and shall pay all such amounts to the Creditor after demand as herein provided.

  

	9.	Continuing Guarantee. Subject to Section 2 hereof, this Agreement is a continuing guarantee and is binding as a continuing obligation of the
Guarantor and the Guaranteed Liabilities shall be conclusively presumed to have been created in reliance on this Agreement. Except as set out in Section 2 hereof, the Guarantor may not in any manner terminate this Agreement or the Secured
Liabilities other than by the due and punctual payment in full of the Secured Liabilities. 

  

	10.	Stay of Acceleration, etc. If acceleration of the time for payment, or the liability of the Debtor to make payment, of any amount specified to be payable
by the Debtor in respect of the Guaranteed Liabilities is stayed, prohibited or otherwise affected upon any Insolvency Proceeding or other event affecting the Debtor or payment of any of the Guaranteed Liabilities by the Debtor, all such amounts
otherwise subject to acceleration or payment shall nonetheless be deemed for all purposes of this Agreement to be and to have become due and payable by the Debtor and shall be payable by the Guarantor under this Agreement immediately forthwith on
demand by the Creditor. 

  

	11.	 Debtor Information. The Guarantor acknowledges and agrees that the Guarantor has not executed this Agreement as a result of, by reason
of, or in reliance upon, any promise, representation, statement or information of any kind or nature whatsoever 

  
 7. 

	 	
given, or offered to the Guarantor, by or on behalf of the Creditor or any other Person whether in answer to any enquiry by or on behalf of the Guarantor or not and the Creditor was not prior to
the execution by the Guarantor of this Agreement, and is not thereafter, under any duty to disclose to the Guarantor or any other Person any information, matter or thing (material or otherwise) relating to the Debtor, its affairs or its transactions
with the Creditor, including, without limitation, any information, matter or thing which puts or may put the Debtor in a position which the Guarantor would not naturally expect or any unexpected facts or unusual features which, whether known or
unknown to the Guarantor, are present in any transaction between the Debtor and the Creditor, and the Creditor was not and is not under any duty to do or execute any matter, thing or document relating to the Debtor, its affairs or its transactions
with the Creditor. 

  

	12.	Reinstatement. If, at any time, all or any part of any payment previously applied by the Creditor to any of the Guaranteed Liabilities is or must be
rescinded or returned by the Creditor for any reason whatsoever (including, without limitation, any Insolvency Proceeding), such Guaranteed Liabilities shall, for the purpose of this Agreement, to the extent that such payment is or must be rescinded
or returned, be deemed to have continued in existence, notwithstanding such application by the Creditor, and this Agreement shall continue to be effective or be reinstated, as the case may be, as to such Guaranteed Liabilities, all as though such
application by the Creditor had not been made. 

  

	13.	Subrogation. Notwithstanding any payment made by the Guarantor under this Agreement or any setoff or application of funds of the Guarantor by the
Creditor, the Guarantor shall have no right of subrogation to, and waives, any right to enforce any remedy which the Creditor now has or may hereafter have against the Debtor, until all of the Guaranteed Liabilities have been indefeasibly paid in
full; and until that time, the Guarantor waives any benefit of, and any right to participate in, any Security now or hereafter held by the Creditor for the Guaranteed Liabilities. 

 

	14.	Assignment and Postponement. The Guarantor hereby (a) assigns by way of security to the Creditor, all Intercompany Debt, and (b) postpones all
Intercompany Debt to the Guaranteed Liabilities. All moneys received by the Guarantor in respect of Intercompany Debt shall be received in trust for the Creditor and, immediately following such receipt, shall be paid over to the Creditor.

  

	15.	 Insolvency Proceedings. In any Insolvency Proceeding affecting the Debtor, the Creditor shall have the right, in priority to the
Guarantor, to receive its full claim in respect of such Insolvency Proceeding for all of the Guaranteed Liabilities. The Creditor shall have the right to include in its claim in any Insolvency Proceeding affecting the Debtor all or any part of the
payments made by the Guarantor under this Agreement and, to prove and rank for, and receive dividends in respect of, all such claims, all of which rights and privileges as they relate and apply to the Guarantor are hereby assigned by the

  
 8. 

 
Guarantor to the Creditor. The provisions of this Section shall be sufficient authority for any Person making payment of any such dividends to pay the same directly to the Creditor for the
benefit of the Creditor. Upon the occurrence and during the continuance of an Event of Default, the Creditor shall be entitled to receive for its benefit all dividends or other payments in respect of all of the above referenced claims until all of
the Guaranteed Liabilities are paid and satisfied in full and the Guarantor shall continue to be liable under this Agreement for any unpaid balance of the Guaranteed Liabilities. If any amount is paid to the Guarantor under any Insolvency Proceeding
affecting the Debtor at any time following the occurrence and during the continuance of an Event of Default and when any of the Guaranteed Liabilities remain outstanding, such amount shall be received and held in trust by the Guarantor for the
benefit of the Creditor and shall be immediately paid to the Creditor to be credited and applied against the Secured Liabilities. In any Insolvency Proceeding the Creditor may in its discretion value as it sees fit, or may refrain from valuing, any
Security held by it. 
  

	16.	Marshalling. The Guarantor waives to the fullest extent permitted by Law any right or claim of right to cause a marshalling of the Debtor’s, a
Surety’s or any other Person’s assets, or to cause the Creditor to proceed against the Debtor, a Surety or any other Person, or any Security, in any particular order. The Creditor shall not have any obligation to marshall any assets in
favour of the Debtor, a Surety or any other Person or against or in payment of any of the Guaranteed Liabilities or any of the obligations of the Guarantor, the Debtor, a Surety or any other Person owed to the Creditor. 

 

	17.	Enforcing Rights Against Guarantor. This is a guarantee of payment and performance and not of collection. The Creditor shall not be required to take any
action or to exhaust its recourse against the Debtor, any Surety or any other Person, or to enforce or value any Security, before being entitled to payment from, and to enforce its rights and remedies against, the Guarantor under this Agreement. The
Guarantor hereby renounces to the benefits of division and discussion. 

  

	18.	 Foreign Currency Obligations. The Guarantor shall make payment relative to any Guaranteed Liabilities in the currency (the
“Original Currency”) in which the Debtor is required to pay such Guaranteed Liabilities. If the Guarantor makes payment relative to any Guaranteed Liabilities in a currency (the “Other Currency”) other than the
Original Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment shall constitute a discharge of the Secured Liabilities only to the extent of the amount of the Original Currency
which the Creditor is able to purchase at Toronto, Ontario with the amount it receives on the date of receipt. If the amount of the Original Currency which the Creditor is able to purchase is less than the amount of such currency originally due to
it in respect to the relevant Guaranteed Liabilities, the Guarantor shall indemnify and save the Creditor harmless from and against any loss or damage arising as a result of such deficiency. This indemnity constitutes an obligation separate and
independent from the other obligations contained in this Agreement, gives rise to a separate and independent cause of action, 

  
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applies irrespective of any indulgence granted by the Creditor and continues in full force and effect notwithstanding any judgment or order in respect of any amount due hereunder or under any
judgment or order. 

  

	19.	Taxes and Set-Off. All payments to be made by the Guarantor hereunder shall be made without set-off, compensation, deduction or counterclaim and without
deduction for any taxes, levies, duties, fees, deductions, withholdings, restrictions or conditions of any nature whatsoever. If at any time any applicable Law requires the Guarantor to make any such deduction or withholding from any such payment,
the sum due from the Guarantor with respect to such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Creditor receives a net sum equal to the sum which it would have received
had no deduction or withholding been required. 

  

	20.	Representations and Warranties. The Guarantor represents and warrants, upon each of which representations and warranties the Creditor relies, that each of
the representations and warranties relative to the Guarantor in each of the other Loan Documents is true and correct. In addition, the Guarantor represents and warrants to the Creditor that (i) it is duly organized and validly existing under
laws of the jurisdiction of its organization, (ii) it has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it to execute, and incur and perform its obligations under, this Agreement,
(iii) the execution and performance of this Agreement by the Guarantor does not conflict with any Law, the Organizational Documents of the Guarantor or any contract binding on the Guarantor or its assets, and (iv) this agreement
constitutes the legal, valid and binding obligations of the Guarantor enforceable in accordance with its terms. 

  

	21.	Covenants. The Guarantor shall comply, and shall cause each of its subsidiaries to comply, with all of the provisions, covenants and agreements contained
in each of the Loan Documents to the extent that such provisions, covenants and agreements apply to the Guarantor or its subsidiaries and shall, and shall cause each of its subsidiaries to, take, or refrain from taking, as the case may be, all
actions that are necessary to be taken or not taken so that no violation of any provision, covenant or agreement contained in any of the Loan Documents, and so that no Default or Event of Default under any of the Loan Documents, is caused by the
actions or inactions of the Guarantor or any of its subsidiaries. 

  

	22.	 Communication. Any notice or other communication required or permitted to be given under this Agreement shall be in writing and shall be
effectively given if (i) delivered personally, (ii) sent by prepaid courier service or mail, or (iii) sent prepaid by facsimile transmission or other similar means of electronic communication, in each case to the address or facsimile
number of the Guarantor or Creditor set out in this Agreement. Any communication so given shall be deemed to have been given and to have been received on the day of delivery if so delivered, or on the day of facsimile transmission or sending

  
 10.

	 	
by other means of recorded electronic communication provided that such day is a Business Day and the communication is so delivered or sent prior to 4:30 pm (local time at the place of receipt).
Otherwise, such communication shall be deemed to have been given and to have been received on the following Business Day. Any communication sent by mail shall be deemed to have been given and to have been received on the fifth Business Day following
mailing, provided that no disruption of postal service is in effect. The Guarantor and the Creditor may from time to time change their respective addresses or facsimile numbers for notice by giving notice to the other in accordance with the
provisions of this Section. 

  

	23.	Expenses; Indemnity; Waiver. 

  

	 	(a)	The Guarantor shall pay (i) all reasonable out-of-pocket expenses incurred by the Creditor, including the reasonable fees, charges and disbursements of counsel for
the Creditor and all applicable taxes, in connection with the enforcement of this Agreement, (ii) all reasonable out-of-pocket expenses incurred by the Creditor, including the reasonable fees, charges and disbursements of counsel for the
Creditor and applicable taxes, in connection with any amendments, modifications or waivers of the provisions hereof, and (iii) all out-of-pocket expenses incurred by the Creditor, including the fees, charges and disbursements of any counsel for
the Creditor and all applicable taxes, in connection with the assessment, enforcement or protection of the Creditor’s rights in connection with this Agreement, including the Creditor’s rights under this Section, including all such
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Secured Liabilities. 

  

	 	(b)	The Guarantor shall indemnify the Creditor against, and hold the Creditor harmless from, any and all losses, claims, cost recovery actions, damages, expenses and
liabilities of whatsoever nature or kind and all reasonable out-of-pocket expenses and all applicable taxes to which the Creditor may become subject arising out of or in connection with (i) the execution or delivery of this Agreement and the
performance by the Guarantor of its obligations hereunder, (ii) any actual or prospective claim, litigation, investigation or proceeding relating to this Agreement or the Secured Liabilities, whether based on contract, tort, delict or any other
theory and regardless of whether the Creditor is a party thereto, (iii) any other aspect of this Agreement, or (iv) the enforcement of the Creditor’s rights hereunder and any related investigation, defence, preparation of defence,
litigation and enquiries; provided that such indemnity shall not, as to the Creditor, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and
non-appealable judgment to have resulted from the gross negligence (it being acknowledged that ordinary negligence does not necessarily constitute gross negligence) or wilful misconduct of or material breach of this Agreement by the Creditor.

  
 11.

	 	(c)	The Guarantor shall not assert, and hereby waives, any claim against the Creditor (or any director, officer or employee thereof), on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement. The Guarantor irrevocably renounces to any rights it may have to be released from
this Guarantee under Article 2362 of the Civil Code of Québec and agrees to renew its guarantee hereunder at the request of the Creditor by executing such documents as the Creditor may request from time to time.

  

	 	(d)	All amounts due under this Section shall be payable to the Creditor for the benefit of the Creditor not later than three Business Days after written demand therefor.

  

	 	(e)	The indemnifications set out in this Agreement shall survive the payout or release of the Guaranteed Liabilities and the Secured Liabilities or termination of this
Agreement. 

  

	24.	Additional Security. This Agreement is in addition to, and not in substitution of, any and all other Security previously or concurrently delivered by the
Guarantor or any other Person to the Creditor, all of which other Security shall remain in full force and effect. 

  

	25.	Alteration. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except by a written instrument
executed by the Creditor. 

  

	26.	Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to
the extent of such prohibition or unenforceability and shall be severed from the balance of this Agreement, all without affecting the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other
jurisdiction. 

  

	27.	Set-off. If an Event of Default shall have occurred and be continuing, the Creditor is hereby authorized at any time and from time to time, to the fullest
extent permitted by Law, to set-off, compensate against or combine and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by the Creditor and other obligations at any time owing by the Creditor to
or for the credit or the account of the Guarantor against or with any or all of the Secured Liabilities, irrespective of whether or not the Creditor shall have made any demand under any Loan Document and although such obligations may be unmatured.
The rights of the Creditor under this Section are in addition to other rights and remedies (including other rights of set-off or combination) which the Creditor may have. 

 

	28.	 Governing Law; Attornment. This Agreement shall be governed by and construed in accordance with the Laws of the Province of Ontario.
Without prejudice to the ability of the Creditor to enforce this Agreement in any other proper jurisdiction, the Guarantor 

  
 12.

	 	
irrevocably submits and attorns to the non-exclusive jurisdiction of the courts of such province. To the extent permitted by applicable Law, the Guarantor irrevocably waives any objection
(including any claim of inconvenient forum) that it may now or hereafter have to the venue of any legal proceeding arising out of or relating to this Agreement in the courts of such Province. 

 

	29.	Time. Time is of the essence with respect to this Agreement and the time for performance of the obligations of the Guarantor under this Agreement may be
strictly enforced by the Creditor. The limitation period applicable to any proceeding relating to a claim under, in connection with, or with respect to this Agreement shall be solely as prescribed in sections 15-17 of the Limitations Act,
2002 (Ontario), and any other limitation period is respect of such claim (including that provided for in section 4 of the Limitations Act, 2002 (Ontario)) is extended accordingly. 

 

	30.	Interpretation. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “or” is disjunctive; the word “and” is conjunctive. The word “shall” is mandatory; the word “may” is permissive. Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such
amendments, supplements, restatements or modifications set out herein), (b) any reference herein to any statute or any section thereof shall, unless otherwise expressly stated, be deemed to be a reference to such statute or section as amended,
replaced or re-enacted from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns, (d) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, and (e) all references herein to Sections and Schedules shall be construed to refer to
Sections and Schedules to, this Agreement. Section headings are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

  

	31.	Successors and Assigns. This Agreement shall enure to the benefit of, and be binding on, the Guarantor and its successors and assigns, and shall enure to
the benefit of, and be binding on, the Creditor and its successors and assigns. The Guarantor shall not assign this Agreement, or any of its rights or obligations under this Agreement. The Creditor may assign this Agreement and any of their rights
and obligations hereunder to any Person that replaces it in its capacity as such. If the Guarantor or the Creditor is an individual, then the term “Guarantor” or “Creditor”, as applicable, shall also include his or her heirs,
administrators and executors. 

  
 13.

	32.	Acknowledgment of Receipt. The Guarantor acknowledges receipt of an executed copy of this Agreement and each Loan Document. 

 

	33.	Electronic Signature. Delivery of an executed signature page to this Agreement by the Guarantor by facsimile or other electronic form of transmission
shall be as effective as delivery by the Guarantor of a manually executed copy of this Agreement by the Guarantor. 

[signatures on the following page] 

  
 14.

 IN WITNESS WHEREOF the undersigned has caused this Agreement to be duly executed as of the date first
written above. 
  

							
	 	  	 	  	 	  	QUANTUM FUEL SYSTEMS TECHNOLOGIES
WORLDWIDE, INC.
				
	Address:	  	17872 Cartwright Road	  	By:	  	 /s/ Alan Niedzwiecki

		  	Irvine, CA 92614	  		  	Name: Alan Niedzwiecki
		  	U.S.A.	  		  	Title: President and CEO
	Attention:	  		  		  	
	Facsimile:	  	888-549-9920	  		  	
	Email:	  		  		  	

  

							
	 	  	 	  	 	  	SAMSUNG HEAVY INDUSTRIES CO., LTD.
				
	Address:	  	Samsung Life Insurance Seocho	  	By:	  	 /s/ Ho Cheol Chang

		  	Tower 1321-15, Seocho-Dong,	  		  	Name: Ho Cheol Chang
		  	Seocho-Gu, Seoul,	  		  	Title: Project Manager
		  	137-857 Korea	  		  	
	Attention:	  		  		  	
	Facsimile:	  		  		  	
	Email:	  		  		  	

  
 15.Form of Indemnification Agreement

 Exhibit 10.10 
 RED HAT, INC. 
 INDEMNIFICATION AGREEMENT 

This Agreement is made as of the      day of
             200    , by and between Red Hat, Inc., a Delaware corporation (the “Corporation), and
                     (the “Indemnitee”), a director or officer of the Corporation. 

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

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

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

WHEREAS, the Indemnitee does not regard the protection available under the Corporation’s Certificate of Incorporation and insurance
as adequate in the present circumstances, and 
 WHEREAS, the Corporation desires the Indemnitee to serve, or continue to serve,
as a director or officer of the Corporation. 
 NOW THEREFORE, the Corporation and the Indemnitee do hereby agree as follows:

 1. Agreement to Serve. The Indemnitee agrees to serve or continue to serve as a director or officer of the Corporation
for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders a resignation in writing. 
 2. Definitions. As used in this Agreement: 
 (a) The term
“Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternative dispute resolution proceeding, administrative hearing or other proceeding, whether brought by or in the right of the Corporation or
otherwise and whether of a civil, criminal, administrative or investigative nature, and any appeal therefrom. 
 (b) The term
“Corporate Status” shall mean the status of a person who is or was, or has agreed to become, a director or officer of the Corporation, or is or was serving, or has agreed to serve, at the request of the Corporation, as a director, officer,
fiduciary, partner, trustee, member, employee or agent of, or in a similar capacity with, another corporation, partnership, joint venture, trust, limited liability company or other enterprise. 

(c) The term “Expenses” shall include, without limitation, attorneys’ fees, retainers, court costs, transcript costs, fees
and expenses of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and other 

 
disbursements or expenses of the types customarily incurred in connection with investigations, judicial or administrative proceedings or appeals, but shall not include the amount of judgments,
fines or penalties against Indemnitee or amounts paid in settlement in connection with such matters. 
 (d) The term
“Change in Control” shall mean the occurrence of any one of the following: 
 (i) individuals who, on the date of this
Agreement, constitute the Board (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board, provided that any person becoming a director subsequent to the date of this Agreement whose election or
nomination for election was approved by a vote of at least a majority of the Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Corporation in which such person is named as a nominee for director,
without written objection to such nomination) shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Corporation as a result of an actual or threatened election contest with respect
to directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director; 

(ii) any “person” (as such term is defined in the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing 50%
or more of the combined voting power of the Corporation’s then outstanding securities eligible to vote for the election of the Board (the “Corporation Voting Securities”); provided, however, that the event described in this paragraph
(ii) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions: (A) by the Corporation or any subsidiary, (B) by any employee benefit plan (or related trust) sponsored or maintained by the
Corporation or any subsidiary, (C) by any underwriter temporarily holding securities pursuant to an offering of such securities, (D) pursuant to a Non-Qualifying Transaction, as defined in paragraph (iii), or (E) by any person of
Voting Securities from the Corporation, if a majority of the Incumbent Board approves in advance the acquisition of beneficial ownership of 50% or more of Corporation Voting Securities by such person; 

(iii) the consummation of a merger, consolidation, statutory share exchange, reorganization or similar form of corporate
transaction involving the Corporation or any of its subsidiaries that requires the approval of the Corporation’s stockholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”),
unless immediately following such Business Combination: (A) more than 50% of the total voting power of (x) the corporation resulting from such Business Combination (the “Surviving Corporation”), or (y) if applicable, the
ultimate parent corporation that directly or indirectly has beneficial ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation (the “Parent Corporation”), is represented by Corporation Voting
Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Corporation Voting Securities were converted pursuant to such Business Combination), and such voting power
among the holders thereof is in substantially 

  
 2 

 
the same proportion as the voting power of such Corporation Voting Securities among the holders thereof immediately prior to the Business Combination, (B) no person (other than any employee
benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation), is or becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the outstanding voting
securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) and (C) at least half of the members of the board of directors of the Parent Corporation (or, if there is no
Parent Corporation, the Surviving Corporation) following the consummation of the Business Combination were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination
(any Business Combination which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed to be a “Non-Qualifying Transaction”); 
 (iv) the stockholders of the Corporation approve a plan of complete liquidation or dissolution of the Corporation or the consummation of a sale of all or substantially all of the Corporation’s
assets; or 
 (v) the occurrence of any other event that the Board determines by a duly approved resolution constitutes a
Change in Control. 
 (e) The term “Special Independent Counsel” shall mean a law firm, or a member of a law firm,
that is experienced in matters of corporation law and neither currently is, nor in the past five years has been, retained to represent: (i) the Corporation or the Indemnitee in any matter material to either such party or (ii) any other
party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Special 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 Corporation or the Indemnitee in an action to determine the Indemnitee’s rights under this Agreement. 

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

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

  
 3 

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

(b) Indemnification in Proceedings by or in the Right of the Corporation. The Corporation shall indemnify the Indemnitee in
accordance with the provisions of this Section 3(b) if the Indemnitee was or is a party to or threatened to be made a party to or otherwise involved in any Proceeding by or in the right of the Corporation to procure a judgment in its favor by
reason of the Indemnitee’s Corporate Status or by reason of any action alleged to have been taken or omitted in connection therewith, against all Expenses and, to the extent permitted by law, amounts paid in settlement actually and reasonably
incurred by or on behalf of the Indemnitee in connection with such Proceeding, if the Indemnitee acted in good faith and in a manner which the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation, except
that, if applicable law so provides, no indemnification shall be made under this Section 3(b) in respect of any claim, issue, or matter as to which the Indemnitee shall have been adjudged to be liable to the Corporation, unless, and only to the
extent, that the Court of Chancery of Delaware or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of such liability but in view of all the circumstances of the case, the Indemnitee
is fairly and reasonably entitled to indemnity for such Expenses as the Court of Chancery or such other court shall deem proper. 
 4. Indemnification of Expenses of Successful Party. Notwithstanding any other provision of this Agreement, to the extent that the Indemnitee has been successful, on the merits or otherwise, in
defense of any Proceeding or in defense of any claim, issue or matter therein (other than a Proceeding referred to in Section 6), the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by or on behalf of the
Indemnitee in connection therewith. Without limiting the foregoing, if any Proceeding or any claim, issue or matter therein is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i) the disposition
being adverse to the Indemnitee, (ii) an adjudication that the Indemnitee was liable to the Corporation, (iii) a plea of guilty or nolo contendere by the Indemnitee, (iv) an adjudication that the Indemnitee did not act
in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation, and (v) with respect to any criminal proceeding, an adjudication that the Indemnitee had reasonable cause to
believe his or her conduct was unlawful, the Indemnitee shall be considered for the purposes hereof to have been wholly successful with respect thereto. 
 5. Indemnification for Expenses of a Witness. To the extent that the Indemnitee is, by reason of the Indemnitee’s Corporate Status, a witness in any Proceeding to which the Indemnitee is not a
party, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by or on behalf of the Indemnitee in connection therewith. 

  
 4 

 6. Exceptions to Right of Indemnification. Notwithstanding anything to the contrary
to this Agreement, except as set forth in Section 10, the Corporation shall not indemnify the Indemnitee under this Agreement in connection with a Proceeding (or part thereof) initiated by the Indemnitee unless (a) the initiation thereof
was approved by the Board of Directors of the Corporation or (b) the Proceeding was commenced following a Change in Control. Notwithstanding anything to the contrary in this Agreement, the Corporation shall not indemnify the Indemnitee to the
extent the Indemnitee is reimbursed from the proceeds of insurance, and in the event the Corporation makes any indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee
shall promptly refund such indemnification payments to the Corporation to the extent of such insurance reimbursement. 
 7.
Notification and Defense of Claim. As a condition precedent to the Indemnitee’s right to be indemnified, the Indemnitee must notify the Corporation in writing as soon as practicable of any Proceeding for which indemnity will or could be
sought. With respect to any Proceeding of which the Corporation is so notified, the Corporation will be entitled to participate therein at its own expense and/or to assume the defense thereof at its own expense, with legal counsel reasonably
acceptable to the Indemnitee. After notice from the Corporation to the Indemnitee of its election so to assume such defense, the Corporation shall not be liable to the Indemnitee for any legal or other expenses subsequently incurred by the
Indemnitee in connection with such Proceeding, other than as provided below in this Section 7. The Indemnitee shall have the right to employ his or her own counsel in connection with such Proceeding, but the fees and expenses of such counsel
incurred after notice from the Corporation of its assumption of the defense thereof shall be at the expense of the Indemnitee unless (i) the employment of counsel by the Indemnitee has been authorized by the Corporation, (ii) counsel to
the Indemnitee shall have reasonably determined that there may be a conflict of interest or position on any significant issue between the Corporation and the Indemnitee in the conduct of the defense of such Proceeding or (iii) the Corporation
shall not in fact have employed counsel to assume the defense of such Proceeding, in each of which cases the fees and expenses of counsel for the Indemnitee shall be at the expense of the Corporation, except as otherwise expressly provided by this
Agreement, and provided that Indemnitee’s counsel shall cooperate reasonably with the Corporation’s counsel to minimize the cost of defending claims against the Corporation and the Indemnitee. The Corporation shall not be entitled, without
the consent of the Indemnitee, to assume the defense of any claim brought by or in the right of the Corporation or as to which counsel for the Indemnitee shall have reasonably made the determination provided for in clause (ii) above. The
Corporation shall not be required to indemnify the Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without its written consent. The Corporation shall not settle any Proceeding in any manner that would
impose any penalty or limitation on the Indemnitee without the Indemnitee’s written consent. Neither the Corporation nor the Indemnitee will unreasonably withhold or delay their consent to any proposed settlement. 

8. Advancement of Expenses. Subject to the provisions of Section 9, in the event that the Corporation does not assume the
defense pursuant to Section 7 of any Proceeding of 

  
 5 

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

9. Procedures. 
 (a) In order to obtain indemnification or advancement of Expenses pursuant to this Agreement, the Indemnitee shall submit to the Corporation a written request, including in such request such documentation
and information as is reasonably available to the Indemnitee and is reasonably necessary to determine whether and to what extent the Indemnitee is entitled to indemnification or advancement of Expenses. Any such indemnification or advancement of
Expenses shall be made promptly, and in any event within (i) in the case of indemnification under Sections 4, 5 or 9(d) or advancement of Expenses under Section 8, 30 days after receipt by the Corporation of the written request of the
Indemnitee, or (ii) in the case of all other indemnification, 60 days after receipt by the Corporation of the written request of the Indemnitee, unless with respect to requests under this clause (ii) the Corporation determines within the
applicable 30 or 60-day period referred to above that the Indemnitee did not meet the standard of conduct set forth in Section 3(a) above. Such determination, and any determination that advanced Expenses must be repaid to the Corporation, shall
be made as follows: 
 (x) if a Change in Control shall have occurred, by Special Independent Counsel in a written opinion
to the Board of Directors of the Corporation, a copy of which shall be delivered to the Indemnitee (unless the Indemnitee shall request that such determination be made by the Board of Directors of the Corporation, in which case the determination
shall be made in the manner provided below in clauses (y)(1) or (y)(2)). 
 (y) in all other cases, in the discretion of the
Board of Directors of the Corporation, (1) by a majority vote of the directors of the Corporation consisting of persons who are not at that time parties to the Proceeding (“disinterested directors”), whether or not a quorum,
(2) by a committee of disinterested directors designated by a majority vote of disinterested directors, whether or not a quorum, (3) if there are no disinterested directors, or if the disinterested directors so direct, by independent legal
counsel in a written opinion to the Board, or (4) by the stockholders of the Corporation. 
 (b) In the event that a Change
in Control shall have occurred and the determination of entitlement to indemnification is to be made by Special Independent Counsel, the Special Independent Counsel shall be selected as provided in this Section 9(b). The Special Independent
Counsel shall be selected by the Indemnitee, unless the Indemnitee shall request that such selection be made by the Board of Directors of the Corporation. The party making the determination shall give written notice to the other party advising it of
the identity of the Special 

  
 6 

 
Independent Counsel so selected. The party receiving such notice may, within seven days after such written notice of selection shall have been given, deliver to the other party a written
objection to such selection. Such objection may be asserted only on the ground that the Special Independent Counsel so selected does not meet the requirements of “Special Independent Counsel” as defined in Section 2, 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 Special Independent Counsel. If a written objection is made, the Special Independent Counsel so
selected may not serve as Special Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20 days after submission by the Indemnitee of a written request for indemnification, no Special
Independent Counsel shall have been selected or if selected, shall have been objected to, in accordance with this paragraph either the Corporation or the Indemnitee may petition the Court of Chancery of the State of Delaware or other court of
competent jurisdiction for resolution of any objection which shall have been made by the Corporation or the Indemnitee to the other’s selection of Special Independent Counsel and/or for the appointment as Special Independent Counsel of a person
selected by the court or by such other person as the court shall designate, and the person with respect to whom an objection is favorably resolved or the person so appointed shall act as Special Independent Counsel. The Corporation shall pay the
reasonable and necessary fees and expenses of Special Independent Counsel incurred in connection with its acting in such capacity. The Corporation shall pay any and all reasonable and necessary fees and expenses incident to the procedures of this
paragraph, regardless of the manner in which such Special Independent Counsel was selected or appointed. Upon the due commencement of any judicial proceeding pursuant to Section 10 of this Agreement, any Special Independent Counsel shall be
discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 (c) The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not
act in good faith and in a manner that the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation, and, with respect to any criminal Proceeding, had reasonable cause to believe that his or her conduct was
unlawful. 
 (d) The Indemnitee shall cooperate with the person, persons or entity making such determination with respect to the
Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is
reasonably available to the Indemnitee and reasonably necessary to such determination. Any Expenses actually and reasonably incurred by the Indemnitee in so cooperating shall be borne by the Corporation (irrespective of the determination as to the
Indemnitee’s entitlement to indemnification) and the Corporation hereby indemnifies the Indemnitee therefrom. 
 10.
Remedies. The right to indemnification or advancement of Expenses as provided by this Agreement shall be enforceable by the Indemnitee in any court of competent jurisdiction if the Corporation denies such request, in whole or in part, or if
no disposition thereof is made within the applicable period referred to in Section 9. Unless otherwise required by law, the burden of proving that indemnification or advancement of Expenses is not appropriate shall be

  
 7 

 
on the Corporation. Neither the failure of the Corporation to have made a determination prior to the commencement of such action that indemnification is proper in the circumstances because the
Indemnitee has met the applicable standard of conduct, nor an actual determination by the Corporation that the Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the Indemnitee
has not met the applicable standard of conduct. The Indemnitee’s Expenses actually and reasonably incurred in connection with successfully establishing the Indemnitee’s right to indemnification, in whole or in part, in any such Proceeding
shall also be indemnified by the Corporation. The Corporation shall provide to the Indemnitee such information and documentation as the Indemnitee shall reasonably request in connection with any attempt by the Indemnitee to enforce his or her rights
under this Agreement or otherwise in connection with any Proceeding in which the Indemnitee may be involved by reason of his or her Corporate Status. 
 11. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some or a portion of the Expenses, judgments, fines,
penalties or amounts paid in settlement actually and reasonably incurred by or on behalf of the Indemnitee in connection with any Proceeding but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify the Indemnitee
for the portion of such Expenses, judgments, fines, penalties or amounts paid in settlement to which the Indemnitee is entitled. 
 12. Subrogation. In the event of any payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall
execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Corporation to bring suit to enforce such rights. 

13. Term of Agreement. This Agreement shall continue until and terminate upon the later of (a) six years after the date that
the Indemnitee shall have ceased to serve as a director or officer of the Corporation or, at the request of the Corporation, as a director, officer, partner, trustee, member, employee or agent of another corporation, partnership, joint venture,
trust, limited liability company or other enterprise or (b) the final termination of all Proceedings pending on the date set forth in clause (a) in respect of which the Indemnitee is granted rights of indemnification or advancement of
Expenses hereunder and of any proceeding commenced by the Indemnitee pursuant to Section 10 of this Agreement relating thereto. 
 14. Indemnification Hereunder Not Exclusive. The indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which the Indemnitee may
be entitled under the Certification of Incorporation, the By-Laws, any other agreement, any vote of stockholders or disinterested directors, the General Corporation Law of Delaware, any other law (common or statutory), or otherwise, both as to
action in the Indemnitee’s official capacity and as to action in another capacity while holding office for the Corporation. Nothing contained in this Agreement shall be deemed to prohibit the Corporation from purchasing and maintaining
insurance, at its expense, to protect itself or the Indemnitee against any expense, liability or loss incurred by it or the Indemnitee in any such capacity, or arising out of the Indemnitee’s status as such, whether or not the Indemnitee would
be indemnified against such expense, liability or loss under this Agreement. 

  
 8 

 15. No Special Rights. Nothing herein shall confer upon the Indemnitee any right to
continue to serve as an officer or director of the Corporation for any period of time or at any particular rate of compensation. 
 16. Savings Clause. If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the
Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest
extent permitted by applicable law. 
 17. Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall constitute the original. 
 18. Successors and Assigns. This Agreement shall be binding upon the
Corporation and its successors and assigns and shall inure to the benefit of the estate, heirs, executors, administrators and personal representatives of the Indemnitee. 
 19. 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.

 20. Modification and Waiver. This Agreement may be amended from time to time to reflect changes in Delaware law or for
other reasons. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provision hereof nor shall any such waiver constitute a continuing waiver. 
 21. Notices. All notices,
requests, demands and other communications hereunder shall be in writing and shall be deemed to have been given (i) when delivered by hand or (ii) if mailed by certified or registered mail with postage prepaid, on the third day after the
date on which it is so mailed: 
 (a) if to the Indemnitee, to: 

(b) if to the Corporation, 

			
	to:	  	Red Hat, Inc.
		  	Attn: General Counsel
		  	1801 Varsity Drive
		  	Raleigh, NC 27606

 or to such other address as may have been furnished to the Indemnitee by the Corporation or to the Corporation by the
Indemnitee, as the case may be. 
 22. Applicable Law. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware. The Indemnitee may elect to have the right to indemnification or reimbursement or advancement of Expenses interpreted on 

  
 9 

 
the basis of the applicable law in effect at the time of the occurrence of the event or events giving rise to the applicable Proceeding, to the extent permitted by law, or on the basis of the
applicable law in effect at the time such indemnification or reimbursement or advancement of Expenses is sought. Such election shall be made, by a notice in writing to the Corporation, at the time indemnification or reimbursement or advancement of
Expenses is sought; provided, however, that if no such notice is given, and if the General Corporation Law of Delaware is amended, or other Delaware law is enacted, to permit further indemnification of the directors and officers, then
the Indemnitee shall be indemnified to the fullest extent permitted under the General Corporation Law, as so amended, or by such other Delaware law, as so enacted. 
 23. Enforcement. The Corporation expressly confirms and agrees that it has entered into this Agreement in order to induce the Indemnitee to continue to serve as an officer or director of the
Corporation, and acknowledges that the Indemnitee is relying upon this Agreement in continuing in such capacity. 
 24.
Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supercedes all prior agreements, whether oral or written, by any officer, employee or representative
of any party hereto in respect of the subject matter contained herein; and any prior agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and cancelled. For avoidance of doubt, the parties confirm
that the foregoing does not apply to or limit the Indemnitee’s rights under Delaware law or the Corporation’s Certificate of Incorporation or By-Laws. 
 25. Consent to Suit. In the case of any dispute under or in connection with this Agreement, the Indemnitee may only bring suit against the Corporation in the Court of Chancery of the State of
Delaware. The Indemnitee hereby consents to the exclusive jurisdiction and venue of the courts of the State of Delaware, and the Indemnitee hereby waives any claim the Indemnitee may have at any time as to forum non conveniens with respect to such
venue. The Corporation shall have the right to institute any legal action arising out of or relating to this Agreement in any court of competent jurisdiction. Any judgment entered against either of the parties in any proceeding hereunder may be
entered and enforced by any court of competent jurisdiction. 
 [Remainder of page intentionally blank; signature page
follows] 

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

			
	RED HAT, INC.
		
	By: 	 	 
	
	INDEMNITEE:

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