Document:

Form of Employment Agreement by and among NCM Inc., NCM LLC & Ralph E. Hardy

 Exhibit 10.19 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT, (this “Agreement”), is made
effective as of [                    , 2007], among National CineMedia, Inc., a Delaware corporation (“NCM, Inc.” the
“Company”), National CineMedia, LLC, a Delaware limited liability company (“NCM LLC”), and Ralph E. Hardy (the “Executive”). 
 RECITALS 
 A. The Executive currently
serves as the Executive Vice President and General Counsel of NCM LLC and the terms of his employment are covered by an employment agreement by and between the Executive and NCM LLC, effective May 25, 2005, for a term ending each
December 31 (the “Prior Agreement”). 
 B. NCM LLC and NCM Inc. have entered into an agreement for NCM Inc. to
provide certain management services and employees to NCM LLC. 
 C. In connection with the formation of NCM Inc. and the management services
to be provided by NCM Inc. to NCM LLC, the Executive will become employed by NCM Inc. and will perform services for NCM Inc., including services for the benefit of NCM LLC. 
 AGREEMENT 
 Executive, the Company and NCM LLC agree that the Prior Agreement is
hereby assigned by NCM LLC to the Company, the prior Agreement is hereby restated in the form of this Agreement, and NCM LLC remains directly liable for any payment obligations set forth in this Agreement. In consideration of the premises and mutual
covenants contained herein and for good and valuable consideration, the receipt of which is mutually acknowledged, the Company, NCM LLC and the Executive agree as follows: 
 1. DEFINITIONS. 
 (a)
Base Salary shall mean the annual salary provided for in Section 3 below, as adjusted from time to time. 
 (b)
Beneficiary shall mean the person or persons named by the Executive pursuant to Section 19 below, or in the event no such person is named and survives the Executive, his estate. 
 (c) Board shall mean the Board of Directors of the Company, including any committee thereof authorized to exercise any powers of the Board
in connection with the subject matter of this Agreement. 

 (d) Cause shall mean: 
 (i) the Executive’s fraud, dishonesty, willful misconduct or deliberate injury to the Company or its affiliates or subsidiaries, in
the performance of his duties hereunder; 
 (ii) the Executive’s intentional or grossly negligent refusal or failure to
perform his duties consistent with his position with the Company; or 
 (iii) the Executive’s conviction of a felony.

 (e) Disability shall mean the illness or other mental or physical disability of the Executive, resulting in his failure to
perform substantially his duties under this Agreement for a period of six or more consecutive months. 
 (f) Spouse shall mean,
during the Term of Employment, the person who as of the relevant date is legally married to the Executive. 
 (g) Term of
Employment shall mean the period specified in subsection 2(b) below. 
 2. TERM OF EMPLOYMENT, POSITIONS AND DUTIES.

 (a) The Company hereby employs the Executive, and the Executive hereby accepts employment with the Company, in the position of Executive
Vice President and General Counsel of the Company and with the duties and responsibilities set forth below, and upon such other terms and conditions as are hereinafter stated. 
 (b) The Term of Employment shall commence on the Effective Date(as defined in Section 27) and shall terminate on December 31, 2007, and on
December 31, 2007 and each December 31 thereafter it shall be deemed that the Term of Employment has been extended by one year unless, prior to any such anniversary date, either the Executive or the Company notifies the other to the
contrary. 
 (c) Until the date of his termination of employment hereunder, the Executive shall be employed as an Executive Vice President of
the Company and shall have the responsibilities assigned to him from time to time. 
 (d) Anything herein to the contrary notwithstanding,
nothing shall preclude the Executive from (i) serving on the boards of directors of a reasonable number of other corporations or the boards of a reasonable number of trade associations and/or charitable organizations, and (ii) engaging in
charitable activities and community affairs; provided, however, that in the opinion of the Board or Chief Executive Officer of the Company such activities do not materially interfere with the proper performance of his duties and responsibilities
specified in subsection 2(c) above and/or do not conflict with the Executive’s obligations under Section 9 below. 
  

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 3. BASE SALARY. 
 The Executive shall receive from the Company a Base Salary, payable in accordance with the regular payroll practices of the Company, of $221,728 (but not
less frequently than monthly). During the Term of Employment, the Board shall review the Base Salary no less often than annually. 
 4.
ANNUAL BONUSES. 
 The Executive shall be eligible to receive annual bonuses during the Term of Employment, as determined by the
Board. 
 5. EXPENSE REIMBURSEMENT. 
 During the Term of Employment, the Executive shall be entitled to prompt reimbursement by the Company for all reasonable out-of-pocket expenses incurred by him in performing services under this Agreement, upon his
submission of such accounts and records as may be required under Company policy. 
 6. OTHER BENEFITS. 
 The Executive shall receive such other benefits as are then customarily provided generally to the other officers of the Company and of its subsidiaries,
as determined from time to time by the Board or the Company’s Chief Executive Officer, including, without limitation, paid vacation in accordance with the Company’s practices as in effect from time to time. 
 7. EMPLOYEE BENEFIT PLANS. 
 The Executive shall be entitled to participate in all employee benefit plans and programs made available to other of the Company’s executives having the same title or to its employees generally, as such plans or programs may be in
effect from time to time, including, without limitation, Section 401(k) and related supplemental plans, group life insurance, accidental death and dismemberment insurance, travel accident insurance, hospitalization insurance, surgical
insurance, major and excess major medical insurance, dental insurance, short-term and long-term disability insurance, sick leave (including salary continuation arrangements), holidays and any other employee benefit plans or programs that may be
sponsored by the Company from time to time, including any plans that supplement the above-listed types of plans, whether funded or unfunded. 
 8. TERMINATION OF EMPLOYMENT. 
 (a) Termination by Death. In the event that the Executive’s
employment is terminated by death, his beneficiaries as defined in Section 19 hereof, shall be entitled to: 
 (i) the
Executive’s Base Salary, at the rate in effect on the date of his death, through the end of the month in which his death occurs; 
  

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 (ii) any annual bonuses awarded for prior periods but not yet paid; 
 (iii) continuation of the medical benefits pursuant to COBRA to which he, his surviving Spouse and “eligible dependents” (as
defined below) were entitled at the time of his death, for a period of one year following his death at the expense of the Company; 
 (iv) reimbursement in accordance with this Agreement of any business expenses incurred by the Executive but not yet paid to him on the date of his death; and 
 (v) other benefits to which he is then entitled in accordance with the applicable plans and programs of the Company. 
 “Eligible dependents” means dependents of the Executive who are eligible to receive medical benefits under the Company’s medical plan.

 (b) Termination Due to Disability. The Company or the Executive may terminate the Executive’s employment due to
Disability of the Executive, such termination to be effective 30 days after delivery of written notice thereof. In the event that the Executive’s employment is terminated due to Disability and in exchange for a release of claims against the
Company, the Executive shall be entitled to: 
 (i) his Base Salary, at the rate in effect when he is terminated due to
Disability, for a period of six months following such termination, offset by any payments that he receives under the Company’s long-term disability plan and any supplement thereto, whether funded or unfunded, that is adopted or provided by the
Company for the Executive’s benefit; 
 (ii) any annual bonuses awarded for prior periods but not yet paid; 

(iii) reimbursement in accordance with this Agreement of any business expenses incurred by the Executive but not yet paid to him on the
date of his/her termination of employment; and 
 (iv) for a period of one year from the time of termination of employment,
other benefits to which he is then entitled in accordance with applicable plans and programs of the Company. 
 In the case of the termination of the
Executive’s employment for Disability, the Executive shall be entitled to receive the amounts described in clauses (i)-(iii) as a lump sum payment promptly after the termination of employment. 
 (c) Termination by the Company for Cause. In the event that the Executive’s employment is terminated for Cause, he shall only be
entitled to: 
 (i) his Base Salary through the date of his termination for Cause; 
  

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 (ii) any annual bonuses awarded but not yet paid; 
 (iii) reimbursement in accordance with this Agreement for any business expenses incurred by the Executive but not yet paid to him on the
date of his termination of employment; and 
 (iv) other benefits accrued and earned by the Executive through the date of
termination in accordance with applicable plans and programs of the Company. 
 (d) Termination Without Cause or Expiration of Term of
Employment. A Termination Without Cause shall mean a termination of the Executive’s employment by the Company other than due to death, Disability or for Cause, including termination of the Executive’s employment by reason of the
Company’s refusal to renew this Agreement on economic terms and conditions at least equal to this Agreement and for a term at least equal to one year at the end of the Term of Employment. 
 In the event of a Termination Without Cause and in exchange for a release of claims against the Company, the Executive shall be entitled to: 

(i) his Base Salary, at the rate in effect on the date of his termination of employment, for 12 months, payable in accordance with the
Company’s normal payroll practices; 
 (ii) any annual bonuses awarded but not yet paid; 
 (iii) continued participation in all employee benefit plans or programs as in effect from time to time in which he was participating on
the date of his termination of employment until the date he receives equivalent coverage in benefits, but in no event for a period longer than 12 months; 
 (iv) reimbursement in accordance with this Agreement for any business expenses incurred by the Executive but not yet paid to him on the date of his termination of employment; and 
 (v) other benefits (other than for the payment of severance) that are made available to employees of the Company in general upon
termination of employment under similar circumstances in accordance with applicable severance plans and programs of the Company. 
 In the
event that, under the terms of any employee benefit plan referred to in subsection 8(d)(iii) above, the Executive may not continue his participation, he shall be provided with the after-tax economic equivalent of the benefits provided under any plan
in which he is unable to participate for the period specified in subsection 8(d)(iii) above. 
  

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 The economic equivalent of any benefit foregone shall be deemed the after-tax cost that would be incurred
by the Executive in obtaining such benefit on the lowest available individual basis. 
 (e) Termination for Good Reason. The
Executive may elect to terminate his employment with the Company for Good Reason, which shall be defined as a material reduction of the Executive’s title or authority, which the Company fails to remedy within twenty (20) days after receipt
from the Executive of written notice thereof, specifically citing this subsection 8(e). 
 In the event the Executive terminates his
employment for Good Reason, the Executive shall be entitled to receive the benefits outlined in subsections 8(d)(i) through 8(d)(v). 
 (f)
Voluntary Resignation by the Executive. The Executive may voluntarily terminate his employment with the Company at any time with or without notice and with or without reason. Such voluntary termination by the Executive shall include,
without limitation, the Executive’s decision not to renew this Agreement upon expiration of the Term of Employment if the Company offers to renew this Agreement on economic terms and conditions at least equal to this Agreement and for a term at
least equal to one year. In the event the Executive voluntarily terminates his employment, the Executive’s salary shall cease on the termination date and the Executive will not be entitled to severance pay, pay in lieu of notice, or any other
compensation other than payment of accrued salary and vacation and other benefits as expressly required in such event by applicable law or the terms of applicable benefit plans. 
 (g) No Mitigation; No Offset. In the event of any termination of employment under this Section 8, the Executive shall be under no
obligation to seek other employment, and except as provided in subsection 8(d)(iii), he shall have no obligation to offset or repay any payments he receives under this Agreement by any payments he receives from a subsequent employer;
provided, however, that (without limiting any rights of the Company for any breach of this Agreement under law, equity or otherwise), if the Executive engages in any Covered Activity (as defined in Section 9), any obligation of
the Company to make payments to the Executive under Section 8 of this Agreement shall cease. 
 (h) Nature of Payments.
Any amounts due under this Section 8 are in the nature of severance payments or liquidated damages or both, and shall fully compensate the Executive and his dependents or Beneficiary, as the case may be, for any and all direct damages and
consequential damages that any of them may suffer as a result of termination of the Executive’s employment, and they are not in the nature of a penalty. 
 9. COVENANTS AND CONFIDENTIAL INFORMATION. 
 (a) The Executive agrees that during the Term of
Employment and for so long as he is entitled to receive any benefits or payments under this Agreement (but in no event for less than one year after the Term of Employment) and, as to subsection 9(a)(iii) below, at any time after the Term of
Employment he will not, directly or indirectly, do or suffer any of the following: 
  

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 (i) Own, manage, control or participate in the ownership, management or control of, or be
employed or engaged by or otherwise affiliated or associated as a consultant, independent contractor or otherwise with, any other corporation, partnership, proprietorship, firm, association or other business entity or otherwise engage in any
business that competes with, the business of the Company or any of the Company’s affiliates or subsidiaries (as conducted on the date the Executive ceases to be employed by the Company in any capacity, including as a consultant) (collectively,
the “Covered Activities”); provided, however, that the ownership of not more than 1% of the stock of any publicly traded corporation shall not be deemed a violation of this covenant; provided, further,
however, that in the event of a Termination Without Cause, the Executive may engage in any Covered Activity if prior to accepting any such employment he enters into a confidentiality agreement with the Company in form and substance
satisfactory to the Company in its sole discretion (it being agreed that such confidentiality agreement may be broader in scope than the provisions of this Agreement and that such confidentiality agreement is intended to protect the Company from any
risks which may arise in connection with the specific prospective employment of the Executive). 
 (ii) Induce any person who
is an employee, officer or agent of the Company or any of the Company’s affiliates or subsidiaries to terminate said relationship. 
 (iii) Disclose, divulge, discuss, copy or otherwise use or suffer to be used in any manner in competition with, or contrary to the interests of, the Company or any of the Company’s affiliates or subsidiaries, the
customer lists, or trade secrets of the Company or any of the Company’s affiliates or subsidiaries, it being acknowledged by the Executive that all such information regarding the business of the Company and the Company’s affiliates or
subsidiaries, compiled or obtained by, or furnished to, the Executive while the Executive shall have been employed by or associated with the Company is confidential information and the Company’s exclusive property; provided, however, that this
subsection 9(a)(iii) shall not apply to the disclosure by the Executive of confidential information (A) in the course of carrying out his duties under this Agreement or (B) when required to do so by a court of law, to any governmental
agency having jurisdiction over the business of the Company and its subsidiaries or to any administrative body or legislative body (including a committee thereof) with jurisdiction to order him to divulge, discuss or make accessible such
information. 
 (b) The Executive expressly agrees and understands that the remedy at law for any breach by him of this Section 9 will
be inadequate and that the damages flowing from such breach are not readily susceptible of being measured in monetary terms. Accordingly, it is acknowledged that upon adequate proof of the Executive’s violation of any legally enforceable
provision of this Section 9, the Company shall be entitled to seek immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach (all as determined by a court of competent jurisdiction). Nothing in
this Section 9 shall be deemed to limit the Company’s remedies at law or in equity for any breach by the Executive of any of the provisions of this Section 9 that may be pursued or availed of by the Company. 
  

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 (c) In the event that the Executive shall violate any legally enforceable provision of this
Section 9 (as determined by a court of competent jurisdiction) as to which there is a specific time period during which he is prohibited from taking certain actions or from engaging in certain activities, as set forth in such provision, then
such violation shall toll the running of that time period from the date of its commencement until the date of its cessation. 
 10.
WITHHOLDING TAXES. 
 All payments to the Executive or his Beneficiary shall be subject to withholding on account of federal, state
and local taxes as required by law. If any payment hereunder is insufficient to provide the amount of such taxes required to be withheld, the Company may withhold such taxes from any other payment due the Executive or his Beneficiary. In the event
all cash payments due the Executive are insufficient to provide the required amount of such withholding taxes, the Executive or his Beneficiary, within five days after written notice from the Company, shall pay to the Company the amount of such
withholding taxes in excess of all cash payments due the Executive or his Beneficiary. 
 11. INDEMNIFICATION. 
 The Company and NCM LLC jointly and severally agree to indemnify the Executive to the fullest extent permitted by applicable law consistent with the
charter, articles of incorporation and bylaws of the Company and the Limited Liability Operating Agreement of NCM LLC as in effect on the effective date of this Agreement with respect to any acts or non-acts he may have committed while he was an
officer, director and/or employee (i) of the Company or any subsidiary thereof, including NCM LLC or (ii) of any other entity if his service with such entity was at the request of the Company. This provision shall survive the termination
of this Agreement. 
 12. EFFECT OF AGREEMENT ON OTHER BENEFITS. 
 Except as expressly set forth herein, the existence of this Agreement shall not prohibit or restrict the Executive’s entitlement to participate fully
in the executive compensation, employee benefit and other plans or programs of the Company in which senior executives are eligible to participate. 
 13. ASSIGNABILITY; BINDING NATURE. 
 This Agreement shall be binding upon and inure to the benefit of the parties and
their respective successors, heirs (in the case of the Executive) and assigns. No rights or obligations of the Company under this Agreement may be assigned or transferred by the Company except that such rights or obligations may be assigned or
transferred pursuant to (i) a merger or consolidation in which the Company is not the continuing entity or (ii) sale or liquidation of all or substantially all of the assets of the Company, provided that the assignee or transferee is the
successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as 

  

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contained in this Agreement, either contractually or as a matter of law. The Company each further agree that, in the event of a sale of assets or liquidation
as described in the preceding sentence, it will use its best efforts to cause such assignee or transferee expressly to assume the liabilities, obligations and duties of the Company hereunder. No obligations of the Executive under this Agreement may
be assigned or transferred by the Executive. 
 14. REPRESENTATION. 
 The Company and NCM LLC each represent and warrant that it is fully authorized and empowered to enter into this Agreement and that the performance of its
obligations under this Agreement will not violate any agreement between the Company or NCM LLC and any other person, firm or organization. 
 15. ENTIRE AGREEMENT. 
 Except to the extent otherwise provided herein, this Agreement contains the entire
understanding and agreement between the parties concerning the subject matter hereof and supersedes any prior agreements, whether written or oral, between the parties concerning the subject matter hereof. 
 16. AMENDMENT OR WAIVER. 
 No
provision in this Agreement may be amended unless such amendment is agreed to in writing and signed by the Executive and an authorized officer of the Company. No waiver by any party of any breach by any other party of any condition or provision
contained in this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by the Executive or an
authorized officer of the Company, as the case may be. 
 17. SEVERABILITY. 
 In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the
remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 
 18. SURVIVORSHIP. 
 The respective rights and obligations of the parties hereunder shall
survive any termination of the Executive’s employment with the Company to the extent necessary to the intended preservation of such rights and obligations as described in this Agreement. 
  

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 19. BENEFICIARIES; REFERENCES. 
 The Executive shall be entitled to select (and change, to the extent permitted under any applicable law) a beneficiary or beneficiaries to receive any
compensation or benefit payable hereunder following the Executive’s death by giving the Company written notice thereof. In the event of the Executive’s death or of a judicial determination of his incompetence, reference in this Agreement
to the Executive shall be deemed to refer to his beneficiary, and if the Executive shall not have designated a beneficiary, his estate. 
 20. GOVERNING LAW; JURISDICTION. 
 This Agreement shall be governed by and construed and interpreted in accordance
with the laws of Colorado, without reference to principles of conflict of laws. 
 21. RESOLUTION OF DISPUTES. 
 (a) Any disputes arising under or in connection with this Agreement shall be resolved, in the Executive’s discretion, by arbitration, to be held in
Denver, Colorado, in accordance with the rules and procedures of the American Arbitration Association. 
 (b) All costs, fees and expenses,
including attorneys’ fees, of any arbitration or litigation in connection with this Agreement, including, without limitation, attorneys’ fees of both the Executive and the Company, shall be borne by, and be the obligation of, the Company
unless the Company shall substantially prevail, in which event the Executive shall be required to pay the costs and expenses incurred by him relating to such arbitration or litigation. The obligation of the Company under this Section 21 shall
survive the termination for any reason of this Agreement (whether such termination is by the Company, by the Executive, upon the expiration of this Agreement or otherwise). 
 (c) Pending the outcome or resolution of any arbitration or litigation, the Company shall continue payment of all amounts due the Executive under this
Agreement without regard to any dispute. 
 22. NOTICES. 
 Any notice given to any party shall be in writing and shall be deemed to have been given when delivered either personally, faxed, by overnight delivery
service (such as Federal Express), or sent by certified or registered mail, postage prepaid, return receipt requested, duly addressed to the party concerned at the address indicated below or to such changed address as such party may subsequently
give such notice of: 
  

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 If to the Company or the Board: 
 National CineMedia, Inc. 
 9110 East Nichols Avenue 
 Centennial, Colorado 80112 
 Attention: ____________ 
 Fax: (303) 792-8649 
 If to NCM LLC: 
 National CineMedia LLC 
 9110 East Nichols Avenue 
 Centennial, Colorado 80112 
 Attention: ____________ 
 Fax: (303) 792-8649 
 If to the Executive: 
 Ralph E. Hardy 
 ________________________ 
 ________________________ 
 23. HEADINGS. 
 The headings of
the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement. 
 24. SECTION 409A; DEFERRED COMPENSATION. 
 Notwithstanding anything herein to the contrary, (i) if at the time of the Executive’s termination of employment the Executive is a “specified employee” as defined in Section 409A of the Internal
Revenue Code (the “Code”), if necessary to avoid any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payments or benefits hereunder (without any reduction
in such payments or benefits) until the date that is six months following the Executive’s termination of employment (or the earliest date as is permitted under Section 409A of the Code) and (ii) if any other payment or other benefits
due to the Executive hereunder could cause accelerated or additional tax under Section 409A of the Code, such payment or other benefits shall be deferred or otherwise restructured, to the extent possible, in a manner, determined by the Board
(but subject to the reasonable consent of the Executive), to avoid any accelerated or additional tax. The Company shall consult with the Executive in good faith regarding application of this provision; provided that neither the Company nor any of
its employees or representatives shall have any liability to the Executive with respect thereto. Nothing contained in this Section 24 shall have the effect of increasing the amount of any payment or benefit which is otherwise owed by the
Company to the Executive. 
  

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 25. PERFORMANCE. 
 NCM LLC hereby agrees that it shall be directly and jointly and severally liable for the payment of all sums due hereunder. 
 26. COUNTERPARTS. 
 This
Agreement may be executed in two or more counterparts. 
 27. EFFECTIVE DATE. 
 This Agreement shall be effective as of
                    , 2007 (the “Effective Date”). 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the dates set forth below, to be effective as of the Effective Date.

  

			
	 NATIONAL CINEMEDIA, INC.
 The
Company; NCM Inc.

		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Date:	 	  

	
	 NATIONAL CINEMEDIA, LLC
 NCM
LLC

		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Date:	 	  

	
	EXECUTIVE
	
	  

	Ralph E. Hardy
		
	Date:	 	  

  

 12Form of Indemnification Agreement

 Exhibit 10.20 
 FORM OF INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT, dated as of
                    , 2007, is made by and between National CineMedia, Inc., a Delaware corporation (the “Company”) and
                         (the “Indemnitee”). 
 RECITALS 
 A. The Company recognizes that competent and experienced persons are
increasingly reluctant to serve or to continue to serve as directors or officers of corporations unless they are protected by comprehensive liability insurance or indemnification, or both, due to increased exposure to litigation costs and risks
resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship to the compensation of such directors and officers. 
 B. The statutes and judicial decisions regarding the duties of directors and officers are often difficult to apply, ambiguous, or conflicting, and
therefore fail to provide such directors and officers with adequate, reliable knowledge of legal risks to which they are exposed or information regarding the proper course of action to take. 
 C. The Company and Indemnitee recognize that plaintiffs often seek damages in such large amounts and the costs of litigation may be so enormous (whether
or not the case is meritorious), that the defense and/or settlement of such litigation is often beyond the personal resources of directors and officers. 
 D. The Company believes that it is unfair for its directors and officers and the directors and officers of its subsidiaries to assume the risk of huge judgments and other expenses which may occur in cases in which the
director or officer received no personal profit and in cases where the director or officer was not culpable. 
 E. The Company, after
reasonable investigation, has determined that the liability insurance coverage presently available to the Company or its subsidiaries may be inadequate in certain circumstances to cover all possible exposure for which Indemnitee should be protected.
The Company believes that the interests of the Company and its stockholders would best be served by a combination of such insurance and the indemnification by the Company of the directors and officers of the Company. 
 F. The Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) requires the Company to indemnify
its directors and officers to 

 
the fullest extent permitted by the Delaware General Corporation Law (the “DGCL”). The Certificate of Incorporation expressly provides that the
indemnification provisions set forth therein are not exclusive, and contemplates that contracts may be entered into between the Company and its directors and officers with respect to indemnification. 
 G. Section 145 of the DGCL (“Section 145”), under which the Company is organized, empowers the Company to indemnify its officers,
directors, employees and agents by agreement and to indemnify persons who serve, at the request of the Company, as the directors, officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification
provided by Section 145 is not exclusive. 
 H. Section 102(b)(7) of the DGCL allows a corporation to include in its certificate of
incorporation a provision limiting or eliminating the personal liability of a director for monetary damages in respect of claims by shareholders and corporations for breach of certain fiduciary duties, and the Company has so provided in its
Certificate of Incorporation that each director shall be exculpated from such liability to the maximum extent permitted by law. 
 I. The
Board of Directors has determined that contractual indemnification as set forth herein is not only reasonable and prudent but also promotes the best interests of the Company and its stockholders. 
 J. The Company desires and has requested Indemnitee to serve or continue to serve as a director or officer of the Company and/or one or more subsidiaries
of the Company free from undue concern for unwarranted claims for damages arising out of or related to such services to the Company and/or one or more subsidiaries of the Company. 
 K. Indemnitee is willing to serve, continue to serve or to provide additional service for or on behalf of the Company and/or one or more subsidiaries of
the Company on the condition that Indemnitee is furnished the indemnity provided for herein. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Right to
Indemnification. To the fullest extent permitted by the laws of the State of Delaware: 
 (a) The Company shall indemnify
Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any threatened, pending or completed proceeding by reason of the fact that Indemnitee is or was or has agreed to serve at the request of the Company as a director,
officer, employee or agent (which for purposes hereof, shall include a trustee, partner or 

  

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manager or similar capacity) of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve at the
request of the Company as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, partner or manager or similar capacity) of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise, or by reason of any action alleged to have been taken or omitted in such capacity. For the avoidance of doubt, the foregoing indemnification obligation includes, without limitation, claims for monetary damages against Indemnitee in
respect of an alleged breach of fiduciary duties, to the fullest extent permitted under Section 102(b)(7) of the DGCL as in existence on the date hereof. 
 (b) The indemnification provided by this Section 1 shall be from and against expenses (including attorneys’ fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such proceeding and any appeal therefrom, but shall only be provided if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 
 (c) Notwithstanding the foregoing provisions of this Section 1, in the case of any threatened, pending or completed action or suit by
or in the right of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or
has agreed to serve at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, Indemnitee shall be entitled to the rights of
indemnification provided for herein in connection with such action or suit 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, if
applicable law so provides, no indemnification shall be made in respect of any such claim, issue or matter as to which Indemnitee shall have been finally adjudged to be liable to the Company unless, and only to the extent that, the Delaware Court of
Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity
for such expenses which the Delaware Court of Chancery or such other court shall deem proper. 
 (d) The termination of any
proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in
or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s conduct was unlawful. In addition, neither the failure of the party making the
determination as specified in Section 3 below (the “reviewing party”) to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the

  

 3 

 
reviewing party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by
Indemnitee to secure a judicial determination that Indemnitee should be indemnified under applicable law, shall be a defense in such legal proceedings to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular
standard of conduct or did not have any particular belief. In connection with any determination by the reviewing party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on the Company to
establish by clear and convincing evidence that Indemnitee is not so entitled. 
 (e) The indemnification and contribution
provided for herein will remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee or any officer, director, employee, agent or controlling person of Indemnitee. 
 2. Successful Defense: Partial Indemnification. 
 (a) To the extent that Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section 1 hereof or in defense of any claim, issue or matter therein, Indemnitee shall
be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred in connection therewith. For purposes of this Agreement and without limiting the foregoing, if any proceeding is disposed of, on the merits or
otherwise (including a disposition without prejudice), without: 
 (i) the disposition being adverse to Indemnitee;

 (ii) an adjudication that Indemnitee was liable to the Company; 
 (iii) a plea of guilty or nolo contendere by Indemnitee; 
 (iv) an adjudication that Indemnitee did not act in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company; and 
 (v) with respect to any criminal proceeding, an adjudication that Indemnitee had
reasonable cause to believe Indemnitee’s conduct was unlawful, 
 Indemnitee shall be considered for the purposes
hereof to have been wholly successful with respect thereto. 
 (b) If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the expenses (including attorneys’ fees), judgments, fines or amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
any action, suit, proceeding or investigation, or in defense of any claim, issue or matter therein, and any appeal therefrom but not, however, for the total amount thereof, the Company shall nevertheless indemnify 

  

 4 

 
Indemnitee for the portion of such expenses (including attorneys’ fees), judgments, fines or amounts paid in settlement to which Indemnitee is entitled.

 3. Determination That Indemnification Is Proper. Any indemnification hereunder shall (unless otherwise ordered by a court) be made
by the Company unless a determination is made that indemnification of such person is not proper in the circumstances because he or she has not met the applicable standard of conduct set forth in Section 1(b) hereof. Any such determination shall
be made: 
 (i) by a majority vote of the directors who are not parties to the proceeding in question (“disinterested
directors”), even if less than a quorum; 
 (ii) by a majority vote of a committee of disinterested directors designated
by majority vote of disinterested directors, even if less than a quorum; 
 (iii) by a majority vote of a quorum of the
outstanding shares of stock of all classes entitled to vote on the matter, voting as a single class, which quorum shall consist of stockholders who are not at that time parties to the proceeding in question; 
 (iv) by independent legal counsel; or 
 (v) by a court of competent jurisdiction. 
 4. Advance Payment of Expenses: Notification and Defense of
Claim. 
 (a) Expenses (including attorneys’ fees) incurred by Indemnitee in defending a threatened or pending proceeding, or in
connection with an enforcement action pursuant to Section 5(b) or Section 7(b), shall be paid by the Company in advance of the final disposition of such proceeding within twenty (20) days after receipt by the Company of (i) a
statement or statements from Indemnitee requesting such advance or advances from time to time, and (ii) an undertaking by or on behalf of Indemnitee to repay such amount or amounts, only if, and to the extent that, it shall ultimately be
determined that Indemnitee is not entitled to be indemnified by the Company as authorized by this Agreement or otherwise. Such undertaking shall be accepted without reference to the financial ability of Indemnitee to make such repayment. Advances
shall be unsecured and interest-free. 
 (b) Within thirty (30) days after receipt by Indemnitee of notice of the commencement of any
proceeding, Indemnitee shall, if a claim thereof is to be made against the Company hereunder, notify the Company of the commencement thereof. The failure timely to notify the Company of the commencement of the proceeding, or Indemnitee’s
request for indemnification, will not relieve the Company from any liability that it may have to Indemnitee hereunder, except to the extent the Company is prejudiced in its defense of such proceeding as a result of such failure. 
  

 5 

 (c) In the event the Company shall be obligated to pay the expenses of Indemnitee with respect to any
proceeding, as provided in this Agreement, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel reasonably acceptable to Indemnitee, upon the delivery to Indemnitee of written notice of its election
to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same proceeding, provided that: 
 (i) Indemnitee shall have the right to employ
Indemnitee’s own counsel in such proceeding at Indemnitee’s expense; and 
 (ii) if (A) the employment of
counsel by Indemnitee has been previously authorized in writing by the Company, (B) counsel to the Company or Indemnitee shall have reasonably concluded that there may be a conflict of interest or position, or reasonably believes that a
conflict is likely to arise, on any significant issue between the Company and Indemnitee in the conduct of any such defense or (C) the Company shall not, in fact, have employed counsel to assume the defense of such proceeding, then (in each
case) the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company, except as otherwise expressly provided by this Agreement. 
 The Company shall not be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company or as to which counsel for the Company or Indemnitee shall have reasonably made the
conclusion provided for in clause (B) above. 
 (d) Notwithstanding any other provision of this Agreement to the contrary, to the extent
that Indemnitee is, by reason of Indemnitee’s corporate status with respect to the Company or any corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which Indemnitee is or was serving or has agreed to
serve at the request of the Company, a witness or otherwise participates in any proceeding at a time when Indemnitee is not a party in the proceeding, the Company shall indemnify Indemnitee against all expenses (including attorneys’ fees)
actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 
 5. Procedure for
Indemnification. 
 (a) To obtain indemnification, Indemnitee shall promptly submit to the Company a written request, including therein or
therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Company shall, promptly upon receipt of such a
request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification. 
  

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 (b) The Company’s determination whether to grant Indemnitee’s indemnification request shall be
made promptly, and in any event within 45 days following receipt of a request for indemnification pursuant to Section 5(a). The right to indemnification as granted by Section 1 of this Agreement shall be enforceable by Indemnitee in any
court of competent jurisdiction if the Company denies such request, in whole or in part, or fails to respond within such 45-day period. It shall be a defense to any such action (other than an action brought to enforce a claim for the advance of
costs, charges and expenses under Section 4 hereof where the required undertaking, if any, has been received by the Company) that Indemnitee has not met the standard of conduct set forth in Section 1 hereof, but the burden of proving such
defense by clear and convincing evidence shall be on the Company. Neither the failure of the Company (including its Board of Directors or one of its committees, its independent legal counsel, and its stockholders) to have made a determination prior
to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct set forth in Section 1 hereof, nor the fact that there has been an actual
determination by the Company (including its Board of Directors or one of its committees, its independent legal counsel, and its stockholders) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create
a presumption that Indemnitee has or has not met the applicable standard of conduct. The Indemnitee’s expenses (including attorneys’ fees) incurred in connection with successfully establishing Indemnitee’s right to indemnification, in
whole or in part, in any such proceeding or otherwise shall also be indemnified by the Company. 
 (c) The Indemnitee shall be presumed to be
entitled to indemnification under this Agreement upon submission of a request for indemnification pursuant to this Section 5, and the Company shall have the burden of proof in overcoming that presumption in reaching a determination contrary to
that presumption. Such presumption shall be used as a basis for a determination of entitlement to indemnification unless the Company overcomes such presumption by clear and convincing evidence. 
 6. Insurance and Subrogation. 
 (a)
The Company shall purchase and maintain insurance in reasonable amounts from established and reputable insurers on behalf of Indemnitee (which shall include section called “tail” coverage) who is or was or has agreed to serve at the
request of the Company as a director or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise against any liability asserted against, and incurred by, Indemnitee or on Indemnitee’s behalf in any such capacity, or arising out of Indemnitee’s status as such, whether or not the Company would have the power to indemnify
Indemnitee against such liability under the provisions of this Agreement; provided, that the Company shall have no obligation to maintain such insurance if the Company determines in good faith that the premium costs for such insurance are
disproportionate to the amount of coverage provided. If the Company has such insurance in effect at the time the Company 

  

 7 

 
receives from Indemnitee any notice of the commencement of a proceeding, the Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policy. 
 (b) In the event of any payment by the Company under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee with respect to any insurance policy, 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 Company to bring suit to enforce such rights in accordance with the terms of such insurance policy. The Company shall pay or reimburse all expenses actually and reasonably incurred by Indemnitee in connection
with such subrogation. 
 (c) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable
hereunder (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) if and to the extent that Indemnitee has otherwise actually received such payment under this Agreement or any insurance
policy, contract, agreement or otherwise. 
 7. Limitation on Indemnification. Notwithstanding any other provision herein to the
contrary, the Company shall not be obligated pursuant to this Agreement: 
 (a) Claims Initiated by Indemnitee. To
indemnify or advance expenses to Indemnitee with respect to any proceeding (or part thereof) initiated by Indemnitee, except with respect to a proceeding brought to establish or enforce a right to indemnification (which shall be governed by the
provisions of Section 7(b) of this Agreement), unless such proceeding (or part thereof) was authorized or consented to by the Board of Directors of the Company. 
 (b) Action for Indemnification. To indemnify Indemnitee for any expenses incurred by Indemnitee with respect to any proceeding
instituted by Indemnitee to enforce or interpret this Agreement, unless Indemnitee is successful in establishing Indemnitee’s right to indemnification in such proceeding, in whole or in part, or unless and to the extent that the court in such
proceeding shall determine that, despite Indemnitee’s failure to establish their right to indemnification, Indemnitee is entitled to indemnity for such expenses; provided, however, that nothing in this Section 7(b) is intended to limit the
Company’s obligation with respect to the advancement of expenses to Indemnitee in connection with any such proceeding instituted by Indemnitee to enforce or interpret this Agreement, as provided in Section 4 hereof. 
 (c) Section 16 Violations. To indemnify Indemnitee on account of any proceeding with respect to which final judgment is
rendered against Indemnitee for payment or an accounting of profits arising from the purchase or sale by Indemnitee of securities in violation 

  

 8 

 
of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 
 (d) Certain Settlement Provisions. To indemnify Indemnitee for amounts paid in settlement of any proceeding without the
Company’s prior written consent, which shall not be unreasonably withheld. The Company shall not settle any proceeding in any manner that would impose any fine or other obligation on Indemnitee without Indemnitee’s prior written consent,
which shall not be unreasonably withheld. 
 8. Contribution. In order to provide for just and equitable contribution in circumstances
in which the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to Indemnitee in whole or in part, it is agreed that, in such event, the Company shall (whether or not it is jointly liable with
Indemnitee as would be joined in any proceeding), to the fullest extent permitted by law, contribute to the payment of Indemnitee’s costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement
with respect to any proceeding, whether civil, criminal, administrative or investigative, in an amount that is just and equitable in the circumstances, taking into account, among other things, contributions by other directors and officers of the
Company or others pursuant to indemnification agreements or otherwise; provided, that, without limiting the generality of the foregoing, such contribution shall not be required where such holding by the court is due to (i) the failure of
Indemnitee to meet the standard of conduct set forth in Section 1 hereof, or (ii) any limitation on indemnification set forth in Section 6(c) or 7 hereof. 
 9. Non-Exclusivity. The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any other rights which Indemnitee may have under any provision of
law, the Company’s Certificate of Incorporation or Bylaws, in any court in which a proceeding is brought, the vote of the Company’s stockholders or disinterested directors, other agreements or otherwise, and Indemnitee’s rights
hereunder shall continue after Indemnitee has ceased acting as an agent of the Company and shall inure to the benefit of the heirs, executors and administrators of Indemnitee. However, no amendment or alteration of the Company’s Certificate of
Incorporation or Bylaws or any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement. 
 10.
Enforcement. The Company shall be precluded from asserting in any judicial proceeding that the procedures and presumptions of this Agreement are not valid, binding and enforceable. The Company agrees that its execution of this Agreement shall
constitute a stipulation by which it shall be irrevocably bound in any court of competent jurisdiction in which a proceeding by Indemnitee for enforcement of his rights hereunder shall have been commenced, continued or appealed, that its obligations
set forth in this Agreement are unique and special, and that failure of the Company to comply with the provisions of this Agreement will cause irreparable and irremediable injury to Indemnitee, for which a remedy at law will be inadequate. As a
result, in addition to any other right or remedy Indemnitee may have at law or in equity with 

  

 9 

 
respect to breach of this Agreement, Indemnitee shall be entitled to injunctive or mandatory relief directing specific performance by the Company of its
obligations under this Agreement. 
 11. Interpretation of Agreement. 
 (a) It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the
fullest extent now or hereafter permitted by law, including in those circumstances in which indemnification would otherwise be discretionary. 
 (b) If the DGCL is amended after adoption of this Agreement to expand further the indemnification permitted to directors or officers, then the Company shall indemnify Indemnitee to the fullest extent permitted by the DGCL, as so amended.

 12. No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to employment or continued
employment. 
 13. Survival of Rights. 
 (a) All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director, officer, employee or agent of the Company and shall continue thereafter so long as
Indemnitee shall be subject to any possible claim or threatened, pending or completed proceeding by reason of the fact that Indemnitee was serving in the capacity referred to herein. 
 (b) The Company shall require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) or to all,
substantially all or a substantial part of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had taken place. 
 (c) All of the terms and provisions of this
Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business or assets of the Company), assigns, heirs, executors, administrators and legal representatives. 
 14.
Savings Clause. If any provision or provisions of this Agreement shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee as to costs, charges and expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement with respect to any proceeding, including an action by or in the right of the Company, to the full extent permitted by any applicable portion of 

  

 10 

 
this Agreement that shall not have been invalidated and to the full extent permitted by applicable law. 
 15. Certain Definitions. For purposes of this Agreement, the following definitions shall apply: 
 (a) The term “by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or while serving
as a director or officer of the Company, is or was serving or has agreed to serve at the request of the Company as a director, officer employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise” shall be broadly construed and shall include, without limitation, any actual or alleged act or omission to act. 
 (b) The term “Company” shall include, without limitation and in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its
separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was
serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, shall stand in the same position under the
provisions of this Agreement with respect to the resulting or surviving corporation as he or she would have with respect to such constituent corporation if its separate existence had continued. 
 (c) The term “expenses” shall be broadly and reasonably construed and shall include, without limitation, all direct and indirect
costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, appeal bonds, other out-of-pocket costs and reasonable compensation for time spent by Indemnitee for which Indemnitee is not
otherwise compensated by the Company or any third party, provided that the rate of compensation and estimated time involved is approved by the Board, which approval shall not be unreasonably withheld), actually and reasonably incurred by Indemnitee
in connection with either the investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification under this Agreement, Section 145 or otherwise. 
 (d) The term “independent legal counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions
of Section 3(iv) hereof, who shall not have otherwise performed services for the Company or any Indemnitee within the last five years (other than with respect to matters concerning the right of any Indemnitee under this Agreement, or of other
indemnitees under similar indemnity agreements). Any such independent legal counsel shall be selected by the Board, unless the Board shall request that the Indemnitee shall make such selection. The party selecting the Independent Counsel shall
promptly provide written notice to the other party of its selection. Indemnitee or the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the 

  

 11 

 
Company or the Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the
ground that the independent legal counsel so selected does not meet the requirements hereof. 
 (e) The term “judgments,
fines and amounts paid in settlement” shall be broadly construed and shall include, without limitation, all direct and indirect payments of any type or nature whatsoever (including, without limitation, all penalties and amounts required to be
forfeited or reimbursed to the Company), as well as any penalties or excise taxes assessed on a person with respect to an employee benefit plan). 
 (f) The term “not opposed to the best interests of the Company” shall include action taken by a person in good faith and in a manner such person reasonably believed to be in the interest of the participants
and beneficiaries of an employee benefit plan. 
 (g) The term “other enterprises” shall include, without
limitation, employee benefit plans. 
 (h) The term “proceeding” shall be broadly construed and shall include,
without limitation, the investigation, preparation, prosecution, defense, settlement, arbitration and appeal of, and the giving of testimony in, any threatened, pending or completed claim, action, suit or proceeding, whether civil, criminal,
administrative or investigative. 
 (i) The term “serving at the request of the Company” shall include, without
limitation, any service as a director, officer, employee or agent of the Company 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.

 16. Notices. Any notice, request or other communication required or permitted to be given to the parties under this Agreement shall
be in writing and either delivered in person or sent by telecopy, telex, telegram, overnight mail or courier service, or certified or registered mail, return receipt requested, postage prepaid, to the parties at the following addresses (or at such
other addresses for a party as shall be specified by like notice): 
 If to the Company: 
 9100 E. Nichols Ave., Suite 200 
 Centennial, Colorado 80112-3405 
 Attn: Executive Vice President and General Counsel

 Facsimile: (303) 792-8800 
  

 12 

 If to Indemnitee: 
  

					
		 	  
		 	  
		 	Facsimile:	  	  

 17. Entire Agreement. This Agreement and the documents expressly referred to herein
constitute the entire agreement between the parties hereto with respect to the matters covered hereby, and any other prior or contemporaneous oral or written understandings or agreements between Indemnitee and the Company or its predecessors with
respect to the matters covered hereby are expressly superseded by this Agreement. 
 18. Modification and Waiver. No supplement,
modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver. 
 19. Governing Law. This Agreement shall be governed
exclusively by and construed according to the laws of the State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware. If a court of competent jurisdiction shall make a final
determination that the provisions of the law of any state other than Delaware govern indemnification by the Company of its officers and directors, then the indemnification provided under this Agreement shall in all instances be enforceable to the
fullest extent permitted under such law, notwithstanding any provision of this Agreement to the contrary. 
 20. Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument, notwithstanding that both parties are not signatories to the original
or same counterpart. 
 21. Headings. The section and subsection headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement. 
 [Remainder of page intentionally left blank]

  

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 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered to be effective as of the date
first above written. 
  

			
	NATIONAL CINEMEDIA, INC.
		
	By:	 	  
	 Name:
	 	  
	 Title:
	 	  

  

	
	INDEMNITEE
	
	   
	 [Name]

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