Document:

EX10.17

 EXHIBIT 10.17 

TENE NON-COMPETE COMMITMENT 
 July 18, 2011 
 To 
 Caesarstone Sdot-Yam Ltd.  
 We hereby undertake that as long as we
hold, directly or indirectly, more than 10% of your share capital, we will not compete, directly or indirectly, with the field of your activities. 
 This undertaking will become effective on and subject to the completion of an IPO by you before December 31, 2011. 
  

	
	 In witness hereof we have hereunto signed:

 

	 Tene Kibbutz Investments Management Ltd

 

	 Tene Investment In Quartz Surfaces LLP

 

	Tene Investment In Quartz Surfaces B. (Parallel) LLP

  
 1EX10.18

 Exhibit 10.18 
 February 7, 2012 
 To 
 CaesarStone Sdot Yam Ltd. 
 Further to our letter of July 18, 2011, which is attached
hereto as Appendix A (“the Letter of Undertaking”), we wish to amend the second paragraph in a manner that instead of “December 31, 2011” the words “December 31, 2012” shall be substituted. 

Apart from the aforesaid amendment, all the provisions of the Letter of Undertaking will continue to apply without any change whatsoever. 

In witness whereof we have hereunto signed: 

Tene Management of Investment in Kibutzim Ltd 
 Tene Surfaces Investments Limited Partnership 
 Tene Quartz Surfaces Investments
(Parallel) Limited PartnershipEX10.19

 Exhibit 10.19 

ARRANGEMENT FOR REIMBURSEMENT OF EXPENSES IN RESPECT OF 

BUILDING WORKS AT SDOT YAM 
 Made and entered into on the 4th day of January 2012 
  

			
	Between:	 	SDOT YAM AGRICULTURAL COOPERATIVE SOCIETY LTD.
		 	Pvte. Co. 57-0003509
		 	of Kibbutz Sdot Yam
		 	(“the Kibbutz”)

 of the one part; 
  

			
	And:	 	CAESARSTONE SDOT YAM LTD.
		 	Pvte. Co. 51-1439507
		 	of Kibbutz Sdot Yam
		 	(“the Company”)

 of the other part; 
  

			
	WHEREAS:	  	The Company holds a right of use of land at Sdot Yam and in the buildings which stand on the land (hereinafter: “the Land”), pursuant to a license agreement
dated January 1, 2001 which was amended on December 25, 2006, and which would be replaced by a license agreement dated June 20, 2011 (hereinafter: “the 2011 License Agreement”) if a public offering of the
Company’s shares were to be completed by December 31, 2012 (“Completion of the Public Offering”); and
		
	WHEREAS:	  	The Land, as same stood on July 20, 2011 (in relation to which the right of license was regulated pursuant to the 2011 License Agreement, including payments of user fees), also
contains building construction which was performed for purposes of the MBD project and an asphalt-laying project in the area for storage of gondolas (“the MBD Project” and “the Gondolas Project” respectively);
and
		
	WHEREAS:	  	The user fees which the Company pays the Kibbutz as at the year 2011 for the Land also includes user fees for the MBD Project and for the Gondolas Project; and
		
	WHEREAS:	  	Further to the agreements between the parties, the parties wish to regulate between themselves the refund of expenses the Company had in connection with constructing the envelope
for the MBD Project and the Gondolas Project;

 Now therefore it is agreed, stipulated and declared by the parties as follows: 

 

	1.	 It is hereby agreed between the parties that the amount of the expenses which the Kibbutz is obliged to refund to the Company in respect of the MBD
Project is a sum of NIS 725,006 (“the MBD Expenses”). It is agreed that the MBD Expenses will be refunded by the 

	 	
Kibbutz to the Company by way of a set-off against the user fees which the Company will pay the Kibbutz in respect of the Land, as same shall apply from time to time in accordance with the
agreements between the parties, with this being in a sum of NIS 82,901 per annum over a period of 8.75 years commencing from January 1, 2012. 

  

	2.	It is hereby agreed between the parties that the amount of the expenses in connection with the Gondolas Project which the Kibbutz is obliged to repay to the Company is
a sum of NIS 172,000 (“the Gondolas Expenses”). It is agreed that the Gondolas Expenses will be repaid to the Company by the Kibbutz by way of a set-off against the user fees which the Company will pay the Kibbutz in respect of the
Land, as same may apply from time to time in accordance with the agreements between the parties, over a period of 4 years commencing from January 1, 2012, with this being in a sum of NIS 43,000 per annum. 

 

	3.	It is clarified that if there is a contradiction between this arrangement and the provisions of Clauses 10.1 and/or 14.3 of the 2011 License Agreement (to the extent
that the 2011 License Agreement comes into force), the provisions of this arrangement shall take precedence and shall prevail. 

  

	4.	It is agreed between the parties that this arrangement is binding on the parties from the date of the signing hereof by them, without any condition precedent, including
completion of the public offering. 

 In witness whereof the parties have hereunto signed: 

 

			
	Sdot Yam Cooperative Agricultural Society Ltd.	  	CaesarStone Sdot Yam Ltd.
		
	 Signature:        Kibbutz Sdot Yam Farm
                                   
      ( - )      ( - )
	  	Signature:        ( - )      ( - )
		
	By:            Marcella Shani and Eitan Shachar	  	By:          Yair Orbon / Yossi Shiran
		
	Position:  Treasurer        +        Farm Manager	  	Position: CFO            CEO
		
	Date:                 December 31, 2011	  	Date:                    January 25, 2012

  
 2Form of Indemnification Agreement

 Exhibit 10.12 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (this
“Agreement”) is entered into as of February    , 2012 (the “Effective Date”) by and between Midstates Petroleum Company, Inc., a Delaware corporation (the “Company”), and
[            ] (the “Indemnitee”). 
 RECITALS

 WHEREAS, the Board of Directors has determined that the inability to attract and retain qualified persons as directors
and officers is detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons that there shall be adequate certainty of protection through insurance and indemnification against risks of
claims and actions against them arising out of their service to and activities on behalf of the Company; 
 WHEREAS, the Company
has adopted provisions in its Amended and Restated Certificate of Incorporation (the “Certificate”) and Amended and Restated Bylaws (the “Bylaws”) providing for indemnification and advancement of expenses of its
directors and officers to the fullest extent authorized by the General Corporation Law of the State of Delaware as the same exists or may hereafter be amended (the “DGCL”), and the Company wishes to clarify and enhance the rights
and obligations of the Company and the Indemnitee with respect to indemnification and advancement of expenses; 
 WHEREAS, in
order to induce and encourage highly experienced and capable persons such as the Indemnitee to serve and continue to serve as directors and officers of the Company and in any other capacity with respect to the Company as the Company may request, and
to otherwise promote the desirable end that such persons shall resist what they consider unjustified lawsuits and claims made against them in connection with the good faith performance of their duties to the Company, with the knowledge that certain
costs, judgments, penalties, fines, liabilities, and expenses incurred by them in their defense of such litigation are to be borne by the Company and they shall receive the maximum protection against such risks and liabilities as may be afforded by
applicable law, the Board of Directors of the Company has determined that the following Agreement is reasonable and prudent to promote and ensure the best interests of the Company and its stockholders; and 

WHEREAS, the Company desires to have the Indemnitee continue to serve as a director or officer of the Company and in any other capacity
with respect to the Company as the Company may request, as the case may be, free from undue concern for unpredictable, inappropriate, or unreasonable legal risks and personal liabilities by reason of the Indemnitee acting in good faith in the
performance of the Indemnitee’s duty to the Company; and the Indemnitee desires to continue so to serve the Company, provided, and on the express condition, that he or she is furnished with the indemnity set forth hereinafter.

 AGREEMENT 
 NOW, THEREFORE, in consideration of the Indemnitee’s continued service as a director or officer of the Company, the parties hereto agree as follows: 

	 	1.	Definitions. For purposes of this Agreement: 

 (a) A “Change in Control” will be deemed to have occurred if the individuals who, as of the Effective Date, constitute the Board of Directors of the Company (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to such effective date whose election, or nomination for election
by the stockholders of the Company, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by
or on behalf of a person other than the Board of Directors. 
 (b) “Corporate Status” means the status of a
person who is or was a director, officer, employee, agent or trustee of (i) the Company or (ii) any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which such
person is or was serving at the request of the Company. 
 (c) “Disinterested Director” means a director of the
Company who is not or was not a party to the Proceeding in respect of which indemnification is being sought by the Indemnitee. 

(d) “Enterprise” shall mean the Company and any other corporation, limited liability company, partnership or 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, employee, agent or trustee. 

(e) “Expenses” includes, without limitation, expenses incurred in connection with the defense or settlement of any
Proceeding including, without limitation, attorneys’ fees, witness fees and expenses, fees and expenses of accountants and other advisors, travel expenses, retainers and disbursements and advances thereon, the premium, security for, and other
costs relating to any bond (including cost bonds, appraisal bonds, or their equivalents), printing and binding costs, telephone charges, postage, delivery service fees, and any expenses of establishing a right to indemnification or advancement under
Sections 9, 11, 13, and 16 hereof, but shall not include the amount of judgments, fines, ERISA excise taxes, or penalties actually levied against the Indemnitee, or any amounts paid in settlement by or on behalf of the Indemnitee. 

(f) “Independent Counsel” means a law firm or a member of a law firm that neither is presently nor in the past five years
has been retained to represent (i) the Company or the Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement or other indemnitees under similar agreements) or
(ii) any other party to the Proceeding giving rise to a request 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 the Indemnitee in an action to determine the Indemnitee’s right to indemnification under this Agreement. 

  
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 (g) “Proceeding” means any threatened, pending or completed action, claim,
suit, arbitration, alternative dispute mechanism, inquiry, formal or informal judicial, administrative, or legislative hearing, investigation, or any other threatened, pending, or completed judicial, administrative or arbitration proceeding, whether
brought by or in the right of the Company or otherwise, including any and all appeals, whether of a civil, criminal, administrative, legislative, investigative, or other nature, to which the Indemnitee was or is a party or is threatened to be made a
party, witness or is otherwise involved in by reason of the Indemnitee’s Corporate Status, or by reason of anything done or not done by the Indemnitee in any such capacity, whether or not the Indemnitee maintains such Corporate Status at the
time any expense, liability, or loss is incurred for which indemnification or advancement can be provided under this Agreement. 

2. Service by the Indemnitee. The Indemnitee shall serve and/or continue to serve as a director or officer of the Company
faithfully and to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed in accordance with the Certificate, the Bylaws and the DGCL and until such time as the Indemnitee’s successor is elected and
qualified or the Indemnitee is removed as permitted by applicable law or tenders a resignation in writing in which event this Agreement shall continue in full force and effect after such resignation. Additionally, this Agreement shall remain in full
force and effect after the death, retirement or removal of the Indemnitee. 
 3. Indemnification and Advancement of
Expenses. The Company shall indemnify and hold harmless the Indemnitee, and shall pay to the Indemnitee in advance of the final disposition of any Proceeding all Expenses incurred by the Indemnitee in defending any such Proceeding, to the
fullest extent authorized by the DGCL, all on the terms and conditions set forth in this Agreement. Without diminishing the scope of the rights provided by this Section, the rights of the Indemnitee to indemnification and advancement of Expenses
provided hereunder shall include but shall not be limited to those rights hereinafter set forth, except that no indemnification or advancement of Expenses shall be paid to the Indemnitee: 

(a) to the extent expressly prohibited by applicable law or the Certificate and Bylaws of the Company; 

(b) for and to the extent that payment is actually made to the Indemnitee under a valid and collectible insurance policy or under a valid
and enforceable indemnity clause, provision of the Certificate or Bylaws, or agreement of the Company or any other company or other enterprise where the Indemnitee is or was serving at the request of the Company (and the Indemnitee shall reimburse
the Company for any amounts paid by the Company and subsequently so recovered by the Indemnitee); or 
 (c) in connection with an
action, suit, or proceeding, or part thereof initiated by the Indemnitee (including claims and counterclaims, whether such counterclaims are asserted by (i) the Indemnitee, or (ii) the Company in an action, suit, or proceeding initiated by
the Indemnitee), except a judicial proceeding or arbitration pursuant to Section 11 to enforce rights under this Agreement, unless the action, suit, or proceeding, or part thereof, was authorized or ratified by the Board of Directors of the
Company. 

  
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 4. Action or Proceedings Other than an Action by or in the Right of the Company.
Except as limited by Section 3 above, the Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee was or is a party or is threatened to be made a party to, or was or is otherwise involved in, any
Proceeding (other than an action by or in the right of the Company), or any claim, issue or matter therein, by reason of the Indemnitee’s Corporate Status, or by reason of anything done or not done by the Indemnitee in any such capacity.
Pursuant to this Section, the Indemnitee shall be indemnified against all expense, liability, and loss (including judgments, fines, ERISA excise taxes or penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses) actually
and reasonably incurred by the Indemnitee in connection with such Proceeding (including, but not limited to, the investigation, defense or appeal thereof), if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to
be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful. 
 5. Indemnity in Proceedings by or in the Right of the Company. The Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee was or is a party or is
threatened to be made a party to, or was or is otherwise involved in, any Proceeding brought by or in the right of the Company to procure a judgment in its favor by reason of the Indemnitee’s Corporate Status, or by reason of anything done or
not done by the Indemnitee in any such capacity. Pursuant to this Section, the Indemnitee shall be indemnified, to the fullest extent permitted by law, against all expense, liability, and loss (including judgments, fines, ERISA excise taxes or
penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses) actually and reasonably incurred by the Indemnitee in connection with such Proceeding (including, but not limited to, the investigation defense or appeal thereof)
if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, that no such indemnification shall be made in respect of any
claim, issue, or matter as to which the DGCL expressly prohibits such indemnification by reason of any adjudication of liability of the Indemnitee to the Company, unless and only to the extent that the Court of Chancery of the State of Delaware or
the court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnitee is entitled to indemnification for such expense, liability,
and loss as such court shall deem proper. 
 6. Indemnification for Costs, Charges, and Expenses of Successful Party.
Notwithstanding any limitations of Sections 3(c), 4, and 5 above, and without limiting the rights of Indemnitee under any other provision hereof, to the extent that the Indemnitee has been successful, on the merits or otherwise, in whole or in
part, in defense of any Proceeding, or in defense of any claim, issue, or matter therein, including, without limitation, the dismissal of any action without prejudice, or if it is ultimately determined, by final judicial decision of a court of
competent jurisdiction from which there is no further right to appeal, that the Indemnitee is otherwise entitled to be indemnified against Expenses, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the
Indemnitee in connection therewith. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding described herein (a) by dismissal, summary judgment, judgment on the pleading, or final
judgment, with or without prejudice, or (b) by agreement without payment or assumption or admission of liability by the Indemnitee, shall be deemed a successful determination or result as to such claim, issue or matter. 

  
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 7. Partial Indemnification. If the Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of the expense, liability, and loss (including judgments, fines, ERISA excise taxes or penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses) actually
and reasonably incurred in connection with any Proceeding, claim, issue or matter, or in connection with any judicial proceeding or arbitration pursuant to Section 11 to enforce rights under this Agreement, but not, however, for all of the
total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such expense, liability, and loss actually and reasonably incurred to which the Indemnitee is entitled. 

8. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the maximum extent
permitted by the DGCL, the Indemnitee shall be entitled to indemnification against all Expenses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf if the Indemnitee appears as a witness or otherwise incurs legal
expenses as a result of or related to the Indemnitee’s Corporate Status, in any Proceeding, to which the Indemnitee neither is, nor is threatened to be made, a party. 
 9. Determination of Entitlement to Indemnification. To receive indemnification under this Agreement, the Indemnitee shall submit a written request to the Secretary of the Company. Such request
shall include documentation or information that is necessary for such determination and is reasonably available to the Indemnitee. Upon receipt by the Secretary of the Company of a written request by the Indemnitee for indemnification pursuant to
Sections 4, 5, 6, 7 or 8, the entitlement of the Indemnitee to indemnification, to the extent not provided pursuant to the terms of this Agreement, shall be determined by the following person or persons who shall be empowered to make such
determination: (a) the Board of Directors of the Company by a majority vote of Disinterested Directors, whether or not such majority constitutes a quorum; (b) a committee of Disinterested Directors designated by a majority vote of such
directors, whether or not such majority constitutes a quorum; (c) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall
be delivered to the Indemnitee; (d) the stockholders of the Company; or (e) in the event that a Change in Control has occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to
the Indemnitee. Such Independent Counsel shall be selected by the Board of Directors and approved by the Indemnitee, except that in the event that a Change in Control has occurred, Independent Counsel shall be selected by the Indemnitee. Upon
failure of the Board of Directors so to select such Independent Counsel or upon failure of the Indemnitee so to approve (or so to select, in the event a Change in Control has occurred), such Independent Counsel shall be selected upon application to
a court of competent jurisdiction. The determination of entitlement to indemnification shall be made and, unless a contrary determination is made, such indemnification shall be paid in full by the Company not later than 60 calendar days after
receipt by the Secretary of the Company of a written request for indemnification. If the person making such determination shall determine that the Indemnitee is entitled to indemnification as to part (but not all) of the application for
indemnification, such person shall reasonably prorate such partial indemnification among the claims, issues, or matters at issue at the time of the determination. 

  
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 10. Presumptions and Effect of Certain Proceedings. 

(a) The Secretary of the Company shall, promptly upon receipt of the Indemnitee’s written request for indemnification, advise in
writing the Board of Directors or such other person or persons empowered to make the determination as provided in Section 9 that the Indemnitee has made such request for indemnification. Upon making such request for indemnification, the
Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden of proof in making any determination contrary to such presumption. If the person or persons so empowered to make such determination shall
have failed to make the requested determination with respect to indemnification within 60 calendar days after receipt by the Secretary of the Company of such request, a requisite determination of entitlement to indemnification shall be deemed to
have been made and the Indemnitee shall be absolutely entitled to such indemnification, absent actual fraud in the request for indemnification. The termination of any Proceeding described in Sections 4 or 5 by judgment, order, settlement, or
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (a) create a presumption 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 Company, or with respect to any criminal Proceeding, had reasonable cause to believe his or her conduct was unlawful or (b) otherwise adversely affect the rights of the Indemnitee to indemnification except as may be
provided herein. 
 (b) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith
if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of
legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with the reasonable care by the Enterprise. The
provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

11. Remedies of the Indemnitee in Cases of Determination Not to Indemnify or to Advance Expenses; Right to Bring Suit. In the event
that a determination is made that the Indemnitee is not entitled to indemnification hereunder or if payment is not timely made following a determination of entitlement to indemnification pursuant to Sections 9 and 10, or if an advancement of
Expenses is not timely made pursuant to Section 16, the Indemnitee may at any time thereafter bring suit against the Company in a court of competent jurisdiction in the State of Delaware seeking an adjudication of entitlement to such
indemnification or advancement of Expenses. Alternatively, the Indemnitee at the Indemnitee’s option may seek an award in an arbitration to be conducted by a single arbitrator in the State of Delaware pursuant to the rules of the American
Arbitration Association, such award to be made within 60 calendar days following the filing of the demand for arbitration. The Company shall not oppose the Indemnitee’s right to seek any such adjudication or award in arbitration. In any suit or
arbitration brought by the Indemnitee to enforce a right to indemnification hereunder (but not in a suit or arbitration 

  
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brought by the Indemnitee to enforce a right to an advancement of Expenses), it shall be a defense 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 Company and, with respect to any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful. Further, in any suit brought by the Company to recover an advancement
of Expenses pursuant to the terms of an undertaking, the Company shall be entitled to recover such Expenses upon a final judicial decision of a court of competent jurisdiction from which there is no further right to appeal that the Indemnitee has
not met the standard of conduct described above. Neither the failure of the Company (including the Disinterested Directors, a committee of Disinterested Directors, Independent Counsel, or its stockholders) to have made a determination prior to the
commencement of such suit or arbitration that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the standard of conduct described above, nor an actual determination by the Company (including the
Disinterested Directors, a committee of Disinterested Directors, Independent Counsel, or its stockholders) that the Indemnitee has not met the standard of conduct described above shall create a presumption that the Indemnitee has not met the
standard of conduct described above, or, in the case of such a suit brought by the Indemnitee, be a defense to such suit. In any suit brought by the Indemnitee to enforce a right to indemnification or to an advancement of Expenses hereunder, or
brought by the Corporation to recover an advancement of Expenses pursuant to the terms of an undertaking, the burden of proving that the Indemnitee is not entitled to be indemnified, or to such advancement of expenses, under this Section 11 or
otherwise shall be on the Company. If a determination is made or deemed to have been made pursuant to the terms of Section 9 or 10 that the Indemnitee is entitled to indemnification, the Company shall be bound by such determination and is
precluded from asserting that such determination has not been made or that the procedure by which such determination was made is not valid, binding, and enforceable. The Company further agrees to stipulate in any court or before any arbitrator
pursuant to this Section 11 that the Company is bound by all the provisions of this Agreement and is precluded from making any assertions to the contrary. If the court or arbitrator shall determine that the Indemnitee is entitled to any
indemnification or advancement of Expenses hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication or award in arbitration (including, but not limited to, any appellate
proceedings) to the fullest extent permitted by law, and in any suit brought by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall pay all Expenses actually and reasonably incurred by the
Indemnitee in connection with such suit to the extent the Indemnitee has been successful, on the merits or otherwise, in whole or in part, in defense of such suit, to the fullest extent permitted by law. 

12. Non-Exclusivity of Rights; Priority. 
 (a) The rights to indemnification and to the advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other right that the Indemnitee may now or hereafter acquire under any
applicable law, agreement, vote of stockholders or Disinterested Directors, provisions of the Certificate or Bylaws, or otherwise, except as provided in paragraph (b) hereof. 

  
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 (b) Notwithstanding paragraph (a) hereof, any rights granted to the Indemnitee by First
Reserve Fund XII, L.P. (the “Fund”) or its affiliates (other than the Company), successors or any other controlling person from time to time, or any of the direct or indirect partners (including general partners), shareholders,
members (including managing members), controlling persons, subsidiaries, directors, officers, fiduciaries, employees or agents of any of the foregoing (collectively, the “Fund Related Persons”), in respect of indemnification and
advancement of Expenses are secondary to any rights granted to the Indemnitee by the Company. The Indemnitee shall first seek to exhaust recovery for indemnification and payment of Expenses arising from any Proceeding pursuant to rights that the
Company has granted to the Indemnitee, whether under the Certificate, Bylaws, or any other governing documents of the Company, this Agreement, any vote of the Board of Directors or stockholders as a matter of law or equity, any insurance policy
maintained by the Company or otherwise, before seeking to recover for such matters from the Fund or any Fund Related Person. 

(c) To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, or agents of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or 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, employee or agent under such policy or policies and such policies shall provide for and recognize that the insurance
polices are primary to any rights to indemnification, advancement or insurance proceeds to which Indemnitee may be entitled from one or more Persons with whom or which Indemnitee may be associated (including, without limitation, the Fund or any Fund
Related Persons) to the same extent as the Company’s indemnification and advancement obligations set forth in this Agreement. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, 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. 

13. Expenses to Enforce Agreement. In the event that the Indemnitee is subject to or intervenes in any action, suit, or proceeding
in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce the Indemnitee’s rights under, or to recover damages for breach of, this Agreement, the Indemnitee, if the
Indemnitee prevails in whole or in part in such action, suit, or proceeding, shall be entitled to recover from the Company and shall be indemnified by the Company against any Expenses actually and reasonably incurred by the Indemnitee in connection
therewith. 
 14. Continuation of Indemnity. All agreements and obligations of the Company contained herein shall continue
during the period the Indemnitee is a director, officer, employee, agent, or trustee of the Company or while a director, officer, employee, agent, or trustee is serving at the request of the Company as a director, officer, employee, agent, or
trustee of another corporation or of a partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan, and shall continue thereafter with respect to any possible claims based on the fact that the
Indemnitee was a director, officer, employee, agent, or trustee of the Company or was serving at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture, trust, or

  
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other enterprise, including service with respect to an employee benefit plan. This Agreement shall be binding upon all successors and assigns of the Company (including any transferee of all or
substantially all of its assets and any successor by merger or operation of law) and shall inure to the benefit of the Indemnitee’s heirs, executors, and administrators. 
 15. Notification and Defense of Proceeding. Promptly after receipt by the Indemnitee of notice of any Proceeding, the Indemnitee shall, if a request for indemnification or an advancement of
Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company in writing of the commencement thereof; but the omission so to notify the Company shall not relieve it from any liability that it may have to the
Indemnitee. Notwithstanding any other provision of this Agreement, with respect to any such Proceeding of which the Indemnitee notifies the Company: 
 (a) The Company shall be entitled to participate therein at its own expense; 
 (b)
Except as otherwise provided in this Section 15(b), to the extent that it may wish, the Company, jointly with any other indemnifying party similarly notified, shall be entitled to assume the defense thereof, with counsel satisfactory to the
Indemnitee. After notice from the Company to the Indemnitee of its election so to assume the defense thereof, the Company shall not be liable to the Indemnitee under this Agreement for any expenses of counsel subsequently incurred by the Indemnitee
in connection with the defense thereof except as otherwise provided below. The Indemnitee shall have the right to employ the Indemnitee’s own counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from the
Company 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 Company, (ii) the Indemnitee shall have reasonably concluded that
there may be a conflict of interest between the Company and the Indemnitee in the conduct of the defense of such Proceeding, or (iii) the Company shall not within 60 calendar days of receipt of notice from the Indemnitee in fact have employed
counsel to assume the defense of the Proceeding, in each of which cases the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any Proceeding brought
by or on behalf of the Company or as to which the Indemnitee shall have made the conclusion provided for in (ii) above; and 

(c) The Company shall not be liable to indemnify the Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding
effected without the Company’s written consent, or for any judicial or arbitral award if the Company was not given an opportunity, in accordance with this Section 15, to participate in the defense of such Proceeding. The Company shall not
settle any Proceeding in any manner that would impose any penalty or limitation on or disclosure obligation with respect to the Indemnitee without the Indemnitee’s written consent. Neither the Company nor the Indemnitee shall unreasonably
withhold its consent to any proposed settlement. 
 (d) Notwithstanding anything to the contrary in this Section 15, the
Company acknowledges and agrees that the provisions of this Section 15 shall not apply to any claim that is paid, defended or settled by the Fund or any Fund Related Person or to any amounts paid to or on behalf of the Indemnitee in connection
therewith. 

  
 9 

 16. Advancement of Expenses. All Expenses incurred by the Indemnitee in defending any
Proceeding described in Section 4 or 5 shall be paid by the Company in advance of the final disposition of such Proceeding at the request of the Indemnitee. To receive an advancement of Expenses under this Agreement, the Indemnitee shall submit
a written request to the Secretary of the Company. Such request shall reasonably evidence the Expenses incurred by the Indemnitee and shall include or be accompanied by an undertaking, by or on behalf of the Indemnitee, to repay all amounts so
advanced if it shall ultimately be determined, by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that the Indemnitee is not entitled to be indemnified for such Expenses by the Company as
provided by this Agreement or otherwise. The Indemnitee’s undertaking to repay any such amounts is not required to be secured. Each such advancement of Expenses shall be made within 20 calendar days after the receipt by the Secretary of the
Company of such written request. The Indemnitee’s entitlement to Expenses under this Agreement shall include those incurred in connection with any action, suit, or proceeding by the Indemnitee seeking an adjudication or award in arbitration
pursuant to Section 11 of this Agreement (including the enforcement of this provision) to the extent the court or arbitrator shall determine that the Indemnitee is entitled to an advancement of Expenses hereunder. 

17. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal, or unenforceable for any
reason whatsoever, (a) the validity, legality, and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal, or unenforceable, that are not by themselves invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby, and (b) to the fullest extent possible, the provisions of this Agreement (including, without
limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that are not themselves invalid, illegal, or unenforceable) shall be construed so as to give effect to the
intent of the parties that the Company provide protection to the Indemnitee to the fullest enforceable extent. 
 18.
Headings; References; Pronouns. The headings of the sections 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. References herein to section
numbers are to sections of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the singular or plural as appropriate. 
 19. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand
and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed,
(c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission
has been received: 
 (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or such
other address as Indemnitee shall provide to the Company. 

  
 10 

	 	(b)	If to the Company to: 

 Midstates
Petroleum Company, Inc. 
 4400 Post Oak Parkway, Suite 1900 

Houston, Texas 77027 
 Attention: Board of Directors 
 or to any other address as may have been furnished to
Indemnitee by the Company. 
 20. Other Provisions. 

(a) This Agreement and all disputes or controversies arising out of or related to this Agreement shall be governed by, and construed in
accordance with, the internal laws of the State of Delaware, without regard to the laws of any other jurisdiction that might be applied because of conflicts of laws principles of the State of Delaware. 

(b) This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same instrument and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. 
 (c)
This Agreement shall not be deemed an employment contract between the Company and any Indemnitee who is an officer of the Company, and, if the Indemnitee is an officer of the Company, the Indemnitee specifically acknowledges that the Indemnitee may
be discharged at any time for any reason, with or without cause, and with or without severance compensation, except as may be otherwise provided in a separate written contract between the Indemnitee and the Company. 

(d) In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of the Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce
such rights. 
 (e) This Agreement may not be amended, modified, or supplemented in any manner, whether by course of conduct or
otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed on behalf of each party. No failure or delay of either party in exercising any right or remedy hereunder shall operate as a waiver thereof, and no
single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, shall preclude any other or further exercise thereof or the exercise of any other right or
power. 

  
 11 

 IN WITNESS WHEREOF, the Company and the Indemnitee have caused this Agreement to be executed
as of the date first written above. 
  

							
		 		 	MIDSTATES PETROLEUM COMPANY, INC.
				
		 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:
		 		 	
		 		 	Indemnitee

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