Document:

Exhibit 4.9

 

NOVONIX
Limited

 

And

 

Phillips
66 Company

 

Subscription
Agreement

 

Dated 9 August 2021

 

 

Table
of Contents

 

	1	DEFINITIONS
    AND INTERPRETATION	2
	 	1.1	Definitions	2
	 	1.2	Interpretation	3
	 	1.3	Statements on the
    basis of knowledge or belief	4
	2	CONDITIONS
    TO COMPLETION	5
	 	2.1	Condition Precedent	5
	 	2.2	Other conditions	5
	 	2.3	Parties must co-operate	6
	 	2.4	Shareholder approval	6
	 	2.5	Waiver	6
	 	2.6	Termination before
    Completion	6
	3	AGREEMENT
    TO SUBSCRIBE AND COMPLETION	6
	 	3.1	Subscription	6
	 	3.2	Agreement to serve
    as application	6
	 	3.3	Consent to become
    a member and Constitution	7
	 	3.4	Rights Attaching
    to Subscription Shares	7
	 	3.5	Time and place of
    Completion	7
	 	3.6	Simultaneous obligations
    at Completion	7
	4	UNDERTAKINGS	 7
	 	4.1	The Issuer’s
    undertakings	 7
	 	4.2	The Subscriber’s
    undertakings	8
	5	APPOINTMENT
    OF DIRECTOR NOMINATED BY SUBSCRIBER	8
	6	CONSULTATION
    RIGHT	9
	7	REPRESENTATIONS
    AND WARRANTIES	10
	 	7.1	Representations and
    Warranties by the Issuer	10
	 	7.2	Representations and
    Warranties by the Subscriber	11
	8	CONFIDENTIALITY	12
	 	8.1	Announcements	12
	 	8.2	Confidentiality agreement	12
	9	INDEMNITY	13
	 	9.1	Indemnity	13
	 	9.2	Consequential loss	13
	10	GENERAL	13
	 	10.1	Governing Law and
    Jurisdiction	13
	 	10.2	Notices	13
	 	10.3	Assignment	15
	 	10.4	No waiver	15
	 	10.5	Costs and duty	15
	 	10.6	Severability	15
	 	10.7	Extent of obligations	16
	 	10.8	Entire agreement	16
	 	10.9	Amendment	16
	 	10.10	Further assurances	16
	 	10.11	Counterparts	16

 

 

This
Agreement is made on 9 August 2021

 

Parties

 

		1	NOVONIX
                                         Limited ACN 157 690 830 of Level 8, 46 Edward Street, Brisbane QLD 4000 (the Issuer).

 

		2	Phillips
                                         66 Company, a Delaware corporation, of 2331 CityWest Blvd., Houston, Texas 77042,
                                         United States (the Subscriber).

 

Recital

 

The
Subscriber wishes to Subscribe for, and the Issuer wishes to issue, the Subscription Shares on the terms and conditions of this
Agreement.

 

It
is agreed as follows.

 

		1	DEFINITIONS
                                         AND INTERPRETATION

 

		1.1	Definitions

 

The
following definitions apply unless the context requires otherwise. 

 

ASIC
means the Australian Securities and Investments Commission.

 

ASX
means ASX Limited (ACN 008 624 691).

 

ASX
Listing Rules means the listing rules of ASX as waived or modified in respect of the Issuer.

 

Authorisation
includes any authorisation, approval, consent, licence, permit, franchise, permission, filing, registration, resolution,
direction, declaration, or exemption.

 

Board
means the Board of directors of the Issuer.

 

Business
Day means a day which is not a Saturday, Sunday or a public holiday in Brisbane, Queensland.

 

Completion
means the completion of the subscription for, and the issue of, the Subscription Shares in accordance with this Agreement
on the Completion Date and Complete has a corresponding meaning.

 

Completion
Date means the date that is five (5) Business Days after the date on which the last of the Conditions Precedent
have been satisfied or waived in accordance with clause 2.5.

 

Condition
Precedent means the condition precedent to Completion specified in clause 2.1.

 

Condition
Precedent End Date means November 1, 2021 or such other date as is agreed by the parties in writing.

 

Constitution
means the constitution of the Issuer.

 

 

Consultation
Right has the meaning given in clause 6(a).

 

Corporations
Act means the Corporations Act 2001 (Cth).

 

FATA means
the Foreign Acquisitions and Takeovers Act 1975 (Cth) and the Foreign Acquisitions and Takeovers
Regulation 2015 (Cth).

 

Governmental
Agency means any:

 

		(a)	government
                                         or governmental, semi-governmental or judicial entity or authority; or

 

		(b)	minister,
                                         department, office, commission, delegate, instrumentality, agency, board, authority or
                                         organisation of any government.

 

It
also includes any regulatory organisation established under statute or any stock exchange.

 

Group
means the Issuer and each of its subsidiaries.

 

Notice
of Meeting means the notice of general meeting of members of the Issuer to consider, and if thought fit, approve the
issue and allotment of the Subscription Shares as contemplated by clause 2.4.

 

Offer
has the meaning given in clause 6(a).

 

Shares
means fully paid ordinary shares in the capital of the Issuer.

 

Signing
Date means the date on which this Agreement is executed by both parties.

 

Sophisticated
or Professional investors means any of the categories of investors to whom offers of securities can be made under Section
708 of the Corporations Act.

 

Specified
Clauses means clauses 1, 7, 8, 9 and 10.

 

Subscriber
Nominee has the meaning given in clause 5(a).

 

Subscription
Price means one hundred and fifty million U.S. dollars (USD 150,000,000.00)

 

Subscription
Shares means 77,962,578 Shares.

 

Subscriber
Holding Requirement means 10% or more of the Shares on issue at the time.

 

		1.2	Interpretation

 

		(a)	Headings
                                         are for convenience only and do not affect interpretation.

 

		(b)	Mentioning
                                         anything after includes, including, for example, or similar expressions, does
                                         not limit what else might be included.

 

		(c)	The
                                         following rules apply unless the context requires otherwise.

 

		(i)	The
                                         singular includes the plural, and the converse also applies.

 

 

		(ii)	A
gender includes all genders.

 

		(iii)	If
a word or phrase is defined, its other grammatical forms have a corresponding meaning.

 

		(iv)	A
reference to a person includes a corporation, trust, partnership, unincorporated body or other entity, whether or not it
comprises a separate legal entity.

 

		(v)	A
                                         reference to a clause, Schedule or Annexure is a
                                         reference to a clause of, or Schedule or Annexure
                                         to, this Agreement.

 

		(vi)	A
                                         reference to an agreement or document (including
                                         a reference to this Agreement) is to the agreement or document as amended, supplemented,
                                         novated or replaced, except to the extent prohibited by this Agreement or that other
                                         agreement or document.

 

		(vii)	A
                                         reference to writing includes any method of representing or reproducing words, figures,
                                         drawings or symbols in a visible and tangible form.

  

		(viii)	A
reference to a party to this Agreement or another agreement or document includes the party’s successors, permitted substitutes
and permitted assigns (and, where applicable, the party’s legal personal representatives)

 

		(ix)	A
                                         reference to legislation or to a provision of legislation includes a
                                         modification or re-enactment of it, a legislative provision substituted for it
                                         and a regulation or statutory instrument issued under it.

 

		(x)	A
                                         reference to conduct includes an omission, statement or undertaking, whether or not in
                                         writing.

 

		(xi)	A
                                         reference to a right or obligation
                                         of any two or more people comprising a single
                                         party confers that right, or imposes that obligation, as the case may be, on each of
                                         them severally and each two or more of them jointly. A reference to that party is a reference
                                         to each of those people separately (so that, for example, a representation or warranty
                                         by that party is given by each of them separately).

 

		(xii)	A
                                         reference to a day means a day in the jurisdiction where the relevant obligation is to
                                         be performed.

 

 

 

		1.3	Statements
                                         on the basis of knowledge or belief

 

Any
statement made by a party on the basis of its knowledge and belief or awareness is made on the basis that the party has, in order
to establish that the statement is true and not misleading in any respect:

 

		(a)	made
                                         all reasonable inquiries of the officers, managers, employees and other persons with
                                         responsibility for the matters to which the statement relates; and

 

		(b)	if
                                         those inquiries would have prompted a reasonable
                                         person to make further inquiries, made those further inquiries,

 

and
that, as a result of those inquiries, the party has no reason to doubt that the statement is true and not misleading in any respect.

 

		2	CONDITIONS
                                         TO COMPLETION

 

		2.1	Condition
                                         Precedent

 

The
respective obligations of each party to consummate the transactions contemplated by this Agreement are subject to the shareholders
of the Issuer approving the issue and allotment of the Subscription Shares contemplated by this Agreement by the requisite majorities
under Listing Rule 7.1 and otherwise in accordance with the Corporations Act and the ASX Listing Rules at a duly convened general
meeting of the Issuer.

 

		2.2	Other
                                         conditions

 

		(a)	The
                                         obligation of the Subscriber to consummate its purchase of the Subscription Shares under
                                         this Agreement shall be subject to the Issuer delivering to the Subscriber on the Completion
                                         Date a certificate of the Chief Executive Officer
                                         and the Chief Financial Officer of the Issuer, on behalf of the Issuer, dated the Completion
                                         Date, certifying, in their applicable capacities, to the effect that:

 

		(i)	the
                                         representations and warranties of the Issuer contained in this Agreement are true and
                                         correct in all material respects (other than those representations and warranties that
                                         are qualified by materiality, which shall be true and correct in all respects) as of
                                         the Signing Date and the Completion Date (except that representations and warranties
                                         made as of a specific date shall be required to be true and correct as of such date only);
                                         and

 

		(ii)	there
                                         is not any pending suit, action or proceeding by any Governmental Agency seeking to restrain,
                                         preclude, enjoin or prohibit the transactions contemplated by this Agreement.

 

		(b)	The
                                         obligation of the Issuer to consummate the issue and allotment of the Subscription Shares
                                         under this Agreement shall be subject to the Subscriber delivering to the Issuer on the
                                         Completion Date a certificate of
an authorized officer, on behalf of the Subscriber, dated the Completion Date, certifying, in his or her capacity, to the effect
that the representations and warranties of the Subscriber contained in this Agreement are true and correct in all material respects
(other than those representations and warranties that are qualified by materiality, which shall be true
and correct in all respects) as of the Signing Date and the Completion Date (except
that representations and warranties made as of a specific date shall be required to be true and correct as of such date only).

 

 

		2.3	Parties
                                         must co-operate

 

Each
party must co-operate with the other and use their respective reasonable best efforts to take or cause to be taken all actions
necessary or advisable on their respective parts under this Agreement and applicable laws and regulations to consummate the transactions
contemplated by this Agreement as promptly as practicable after the date of this Agreement.

 

		2.4	Shareholder
                                         approval

 

Without
limiting the generality of clause 2.3, the Issuer must:

 

		(a)	promptly
                                         prepare a Notice of Meeting;

 

		(b)	provide
                                         the Subscriber with a draft of the Notice of Meeting and consider the Subscriber’s
                                         comments prior to providing the draft Notice of Meeting to ASX for its review; and

 

		(c)	as
                                         soon as reasonably practicable after the Signing
                                         Date, convene a general meeting of Shareholders and despatch the Notice of Meeting to
                                         Shareholders.

 

		2.5	Waiver

 

The
Condition Precedent in clause 2.1 can only be waived by written agreement of the parties.

 

		2.6	Termination
                                         before Completion

 

If
the Condition Precedent in clause 2.1 is not satisfied, or waived in accordance with clause
2.5, by the Condition Precedent End Date, this Agreement will automatically terminate and (other than the Specified Clauses) will
be null and void and of no effect.

 

		3	AGREEMENT
                                         TO SUBSCRIBE AND COMPLETION

 

		3.1	Subscription

 

The
Subscriber will subscribe, and the Issuer will issue to the Subscriber, the Subscription Shares on the Completion Date for the
Subscription Price.

 

 

		3.2	Agreement
                                         to serve as application

 

This
Agreement serves as an application by the Subscriber for the allotment of the Subscription Shares on the Completion Date and accordingly
it will not be necessary for the Subscriber to provide a separate (additional) application on or prior to the Completion Date.

 

		3.3	Consent
                                         to become a member and Constitution

 

Upon
issuance of the Subscription Shares, the Subscriber agrees to:

 

		(a)	become
                                         a member of the Issuer; and

 

		(b)	be
                                         bound by the Constitution.

 

		3.4	Rights
                                         Attaching to Subscription Shares

 

The
Subscription Shares will rank equally in all respects with all other Shares on issue when the Subscription Shares are issued.

 

		3.5	Time
                                         and place of Completion

 

Completion
will take place at 9am on the Completion Date or any other time agreed by the Issuer and Subscriber.

 

		3.6	Simultaneous
obligations at Completion

 

In respect of Completion:

 

		(a)	the
                                         obligations of the parties under this Agreement are interdependent and
Completion will only occur once all obligations required at Completion are satisfied; and

  

		(b)	all
                                         actions required to be performed will be taken to have occurred simultaneously on the
                                         Completion Date.

 

		4	UNDERTAKINGS

 

		4.1	The
Issuer’s undertakings

 

The Issuer must:

 

		(a)	on
                                         the Completion Date, issue the Subscription Shares to the Subscriber and register, or
                                         procure the registration of, the Subscriber as the
                                         holder of the Subscription Shares;

 

		(b)	as
                                         soon as practicable after Completion, deliver, or procure the delivery by its share registrar
                                         to the Subscriber, of holding statements evidencing the Subscription Shares subscribed
                                         for by the Subscriber;

 

		(c)	within
                                         one Business Day after the Subscriber pays the Subscription Price in accordance with
                                         clause 4.2, apply for quotation of the Subscription Shares in accordance with the ASX
                                         Listing Rules at its own cost and use its best endeavours at its own cost to obtain quotation
                                         of the Subscription Shares;

 

		(d)	as
                                         soon as practicable after the Completion Date, and in any event within five Business
                                         Days of the Completion Date, lodge with the ASX a statement meeting the requirements
                                         of sections 708A(5)(e) and 708A(6) of the Corporations Act; and

 

		(e)	immediately
                                         notify the Subscriber if at any time before the Completion Date the lssuer becomes aware
                                         of any third party objecting to, challenging, interfering with or obstructing (or proposing
                                         to object to, challenge interfere with or obstruct) any of the transactions contemplated
                                         by this Agreement.

 

		4.2	The
                                         Subscriber’s undertakings

 

The
Subscriber must pay, or cause to be paid, the Subscription Price to the lssuer in immediately available funds on the Completion
Date to the account notified by the Issuer to the Subscriber no less than six (6) days prior to the Completion Date.

 

		5	APPOINTMENT
                                         OF DIRECTOR NOMINATED BY SUBSCRIBER

 

		(a)	As
                                         soon as practicable after the Completion Date, and provided that the Subscriber has delivered
                                         to the Issuer a consent to act, completed by its nominee, to be appointed as a non-executive
                                         director on the Board, the Issuer shall procure that the current directors of the Issuer
                                         appoint a representative of the Subscriber (nominated in writing by the Subscriber after
                                         consultation with the Issuer and otherwise in accordance with clause 5(b)) to the Board
                                         as a non-executive director of the Issuer (the Subscriber Nominee), and
                                         the Issuer must then seek his or her election to the Board at the Issuer’s next
                                         annual general meeting of shareholders, provided that any such Subscriber Nominee must
                                         satisfy the eligibility requirements under the Constitution, Corporations Act and ASX
                                         Listing Rules for appointment or election as a director of the Issuer.

  

		(b)	The
                                         Subscriber agrees that the Subscriber Nominee shall have the appropriate commercial and
                                         professional experience to fulfil the role of a director of the Issuer.

 

		(c)	Any
                                         Subscriber Nominee who is appointed as a director to the Board of the Issuer will be
                                         taken to have been appointed to represent the interests of the Subscriber and section
                                         203D(1) of the Corporations Act applies.

 

 

 

		(d)	Subject
                                         to clause 5(f), if the Subscriber Nominee appointed under clause 5(a) ceases to be a
                                         director of the Issuer for any reason, the Issuer must ensure that:

 

		(i)	the
                                         Board appoints another individual nominated by the Subscriber as a Subscriber Nominee
                                         to the Board as a director; and

 

		(ii)	the
Board (other than the Subscriber Nominee) takes all reasonable steps to recommend unanimously the election or the re-election
of the Subscriber Nominee to the Board as a director at any general meeting of the Issuer at which Subscriber Nominee is standing
for re-election, except to the extent any director of the Issuer acting in good faith, determines
that such recommendation would, or would be likely to, involve a breach of the director’s fiduciary duties or breach of
a regulatory requirement,

 

subject
to the Subscriber Nominee satisfying the eligibility requirements under the Constitution, Corporations Act and ASX Listing Rules
for appointment or election as a director of the Issuer (including the provision of a written consent to act).

 

		(e)	Subject
                                         to clause 5(f) the Subscriber may, at any time and in its absolute discretion, remove
                                         a Subscriber Nominee and nominate a replacement Subscriber
                                         Nominee, in respect of whom the Issuer’s obligations pursuant to clause 5(d) will
                                         apply.

 

		(f)	If
                                         the Subscriber fails to satisfy the Subscriber Holding Requirement, and that failure
                                         continues for three consecutive months:

 

		(i)	the
                                         operation of clauses 5(a) to 5(e) will cease; and

 

		(ii)	the
                                         Subscriber will immediately procure that the Subscriber Nominee tender to the Issuer
                                         his or her resignation from the Board with immediate effect.

 

		(g)	Nothing
                                         in this clause 5 shall require the Subscriber to nominate a Subscriber Nominee.

 

		6	CONSULTATION
                                         RIGHT

 

		(a)	Subject
                                         to clauses (b) through (d) below, the Issuer agrees
                                         that before making a non-pro rata issue of Shares (Offer), it will notify
                                         the Subscriber of the Offer and consult with the Subscriber in good faith to provide
                                         the Subscriber a reasonable opportunity to participate in the Offer on equivalent terms
                                         to other investors (the Consultation Right).

 

		(b)	The
                                         Subscriber will have the benefit of the Consultation Right for so long as the Subscriber
                                         Holding Requirement is met.

 

 

		(c)	This
clause does not apply to any potential Offer disclosed to the Subscriber, in writing and referencing this Agreement, prior to
the date of this Agreement or to any Offer:

 

		(i)	to
                                         employees of the Issuer under any employee incentive plan approved by shareholders;

 

		(ii)	arising
from the exercise, exchange or conversion of any convertible securities issued by the Issuer prior to the date of this Agreement;
or

 

		(iii)	under
                                         a takeover bid or under a merger by way of a scheme of arrangement under Part 5.1 of
                                         the Corporations Act.

 

		(d)	The
                                         Issuer shall be under no obligation to comply with the Consultation Right if the Board
                                         determines, acting in good faith, after receiving written legal advice from counsel,
                                         that compliance with the Consultation Right would be determined to be unenforceable or
                                         unlawful by a court or regulatory body or prohibited by the ASX Listing Rules.

 

		7	REPRESENTATIONS
                                         AND WARRANTIES

 

		7.1	Representations
                                         and Warranties by the Issuer

 

The
Issuer represents and warrants to the Subscriber that each of the following statements is true, accurate and not misleading as
at each of the Signing Date and the Completion Date:

 

		(a)	(status)
                                         It is a body corporate validly existing under the laws of its place of incorporation
                                         or establishment.

 

		(b)	(corporate
                                         power) It has the corporate power to enter into and perform its obligations under
                                         this Agreement and to carry out the transactions contemplated by this Agreement.

  

		(c)	(corporate
                                         action) It has taken all necessary corporate action to authorise the entry into and
                                         performance of this Agreement and to carry out the transactions contemplated by this
                                         Agreement. On the Completion Date, full beneficial title in the Subscription Shares will
                                         vest in the Subscriber.

 

		(d)	(accuracy
                                         and completeness) All information relating to the Issuer and the Group and the Issuer
                                         and/or the Group’s operations provided to the
                                         Subscriber or its advisers in connection with the proposed investment by the Subscriber
                                         in the Issuer as contemplated by this Agreement, and all information publicly disclosed
                                         by the Issuer, is true in all material respects and is not by omission or otherwise misleading
                                         in any material respect. Nothing has occurred which renders any of the material which
                                         has been disclosed to the Subscriber or its advisers, or which
has been publicly disclosed by the Issuer, inaccurate in any material respect.

 

 

		(e)	(disclosure
                                         compliance) It has complied with all its disclosure requirements under the Corporations
                                         Act and the ASX Listing Rules and there is no material information or circumstance which
                                         the Issuer is not obliged to disclose, pursuant to Listing Rule 3.1.

 

		(f)	(no
                                         material adverse change) Since 31 December 2020, there has been no material adverse
                                         change in the financial condition or prospects of the Group.

 

		(g)	(binding
                                         obligation) This Agreement is its valid and binding obligation.

 

		(h)	(no
                                         contravention) Neither the entry into nor performance by it of this Agreement nor
                                         any transaction contemplated under this Agreement violates in any material respect any
                                         provision of any judgment binding on it, its constituent documents, any law or any document,
                                         agreement or other arrangement binding on it or its assets.

 

		(i)	(consents/approvals)
                                         Except for:

 

		(i)	the
                                         approval of shareholders to issue the Subscription Shares as contemplated in clause 2;
                                         and

 

		(ii)	the
                                         approval of ASX for quotation of the Subscription Shares to the Official List of ASX,

 

no
consent, approval, Authorisation, order, registration or qualification of or with any Governmental Agency or any other person
is required for the Issuer to perform its obligations under this Agreement.

 

		(j)	(no
                                         finder) Neither the Issuer nor any party acting on its behalf has paid or become
                                         liable to pay any fee or commission to any broker, finder or intermediary for or on account
                                         of transactions contemplated by this Agreement.

 

The
representations and warranties by the Issuer in this clause 7.1 are continuing obligations of the Issuer and survive the issue
of the Subscription Shares and do not merge on the Completion Date.

 

		7.2	Representations
                                         and Warranties by the Subscriber

 

The
Subscriber represents and warrants to the Issuer that each of the following statements is true, accurate and not misleading as
at each of the Signing Date and the Completion Date:

 

		(a)	(status)
                                         It is a body corporate validly existing under the laws of its place of incorporation
                                         or establishment.

 

 

		(b)	(corporate
                                         power) It has the corporate power to enter into and perform its obligations under
                                         this Agreement and to carry out the transactions contemplated by this Agreement.

 

		(c)	(corporate
                                         action) It has taken all necessary corporate action to authorise the entry into and
                                         performance of this Agreement and to carry out the transactions contemplated by this
                                         Agreement.

 

		(d)	(binding
                                         obligation) This Agreement is its valid and binding obligation.

 

		(e)	(no
                                         contravention) Neither the entry into nor performance by it of this Agreement nor
                                         any transaction contemplated
                                         under
                                         this Agreement violates in any material respect any provision of any judgment binding
                                         on it,
                                         its
                                         constituent
                                         documents,
                                         any
                                         law or any document,
                                         agreement
                                         or other arrangement binding on it or its assets.

 

		(f)	(Sophisticated
                                         or
                                         Professional Investor)
                                         It is
                                         a
                                         Sophisticated or Professional Investor.

 

		(g)	(FIRB)
                                         It
                                         is
                                         not
                                         a ‘foreign government investor’
                                         (as
                                         defined in the FATA) or an ‘associate’ (as defined in the FATA) of
                                         a
                                         ‘foreign government investor’.

 

		(h)	(reliance)
                                         At
                                         no time has:

 

		(i)	the
                                         Group,
                                         or
                                         any other person on behalf of
                                         it, communicated
                                         to the Subscriber;
                                         or

 

		(ii)	the
Subscriber relied on, 

 

any
representation, warranty,
promise or undertaking in respect
of the future financial performance or
prospects of the Group.

 

		(i)	(own
                                         enquiries)
                                         It
                                         has made its own enquiries and relied upon its own assessment of the Subscription Shares
                                         and the Group,
                                         and
                                         has
                                         conducted
                                         its
                                         own investigation with respect to the Subscription Shares and
                                         the
                                         Group and has decided to agree to subscribe for the Subscription Shares based on its
                                         own enquiries.

 

		8	CONFIDENTIALITY

 

		8.1	Announcements

 

Neither
party will make any public announcements or statements
in relation to this Agreement
or its subject matter except
in accordance with the earlier
written approval of the
other, which
approval shall not
be unreasonably withheld.

 

		8.2	Confidentiality
                                         agreement

 

Each
party acknowledges and agrees that it continues
to be bound by the Confidentiality
Agreement dated May 5, 2021
between the parties.

 

 

 

		9	INDEMNITY

 

		9.1	Indemnity

 

The
Issuer indemnifies the Subscriber against each claim, action, proceeding, judgment, damage, costs, loss, expense or liability
(including legal costs on a full indemnity basis) incurred or suffered by or brought by or made or recovered against the Subscriber
in connection with or arising out of any breach of any provision of this Agreement by the Issuer.

 

		9.2	Consequential
loss

 

The
Issuer excludes all liability for indirect and consequential loss or damage (including for loss of profit (whether direct, indirect,
anticipated or otherwise), loss of expected savings, opportunity costs, loss of business (including loss or reduction of goodwill),
damage to reputation and loss or corruption of data regardless of whether any or all of these things are considered to be indirect
or consequential losses or damage) in contract, tort (including negligence), under any statute or otherwise arising from or related
in any way to this Agreement or its subject matter, except that consequential loss does not include any loss arising naturally
and in the usual course of things from the relevant breach of this Agreement.

 

		10	GENERAL

 

		10.1	Governing
Law and Jurisdiction

 

This
Agreement is governed by the laws of Queensland. In relation to it and related non-contractual matters each party irrevocably
submits to the non-exclusive jurisdiction of courts with jurisdiction there, and waives any right to object to the venue on any
ground.

 

		10.2	Notices

 

Any
notice, demand, consent or other communication (a Notice) given or made under this Agreement:

 

		(a)	must
be in writing and signed by the sender or a person duly authorised by the sender (or in the case of email, set out the first and
last name and position or title of the sender or person duly authorised by the sender);

 

 

 

		(b)	must
                                         be delivered to the intended recipient by prepaid post (if posted to an address in another
                                         country, by registered airmail) or by email to the address or email address below or
                                         the address or email address last notified by the intended recipient to the sender:

 

	 	(i)	 to
    the Issuer:	Address:	Novonix 

        177
        Bluewater Road 

        Bedford,
        NS B4B 1H1 

        Canada

	 	 	 	 
	 	 	Email:	chris@novonixgroup.com

                                                         rashda@novonixgroup.com

	 	 	 	 
	 	 	Attention:	Chris
                                         Burns

                                                         Rashda
                                         Buttar

	 	 	 	 
	 	(ii)	to
    the Subscriber:	Address:	Phillips
                                         66 Company

                                                         2331
                                         CityWest Blvd.

                                                         Houston,
                                         Texas 77042

	 	 	 	 
	 	 	Email:
                                         Kathy.b.woody@p66.com

                                                                                Jim.g.glenn(a)p66.com

	 	 	 
	 	 	Attention:	Kathy
                                         Woody

                                                         Jim
                                         Glenn

	 	 	 	 
	 	 	With
    a copy to:	 
	 	 	

        Address:
	Phillips
                                         66 Company

                                                         2331
                                         CityWest Blvd.

                                                         Houston,
                                         Texas 77042

                                                         HQ-13N-N1316 

	 	 	 	 
	 	 	Attention:	Deputy
                                         General Counsel,

                                                           Corporate

 

		(c)	will
be conclusively taken to be duly given or made and received:

 

		(i)	in
the case of delivery by express post, to an address in the same country, two Business Days after the date of posting;

 

		(ii)	in
the case of delivery by any other method of post, six (6) Business Days after the date of posting (if posted to an address in
the same country) or 10 Business Days after the date of posting (if posted to an address in another country); and

 

		(iii)	in
the case of email, at the earliest of:

 

		(A)	the
                                         time that the sender receives an automated message from the intended recipient’s information
                                         system confirming delivery of the email;

 

		(B)	the
                                         time that the intended recipient confirms receipt of the email by reply email; and

 

 

 

		(C)	four
hours after the time the email is sent (as recorded on the device from which the sender sent the email) unless the sender receives,
within that four hour period, an automated message that the email has not been delivered,

 

but
if the result is that a Notice would be taken to be given or made and received on a day that is not a business day, or after 5pm
on a business day, in the place specified by the intended recipient as its postal address under clause 9.2(b), it will be conclusively
taken to have been duly given or made and received at 9am on the first business day after that day.

 

		10.3	Assignment

 

The
Subscriber cannot assign, charge, create a security interest over, encumber or otherwise deal with any of its rights or obligations
under this Agreement, or attempt or purport to do so, without the prior written consent of the Issuer.

 

		10.4	No
waiver

 

		(a)	No
                                         acquiescence, waiver or other indulgence granted by either party to any other party will
                                         in any way discharge or relieve that other party from any of its other obligations under
                                         this Agreement.

 

		(b)	A
                                         failure to exercise or a delay in exercising any right, power or remedy under this Agreement
                                         does not operate as a waiver. A single or partial exercise or waiver of the exercise
                                         of any right, power or remedy does not preclude any other or further exercise of that
                                         or any other right, power or remedy. A waiver is not valid or binding on the party granting
                                         that waiver unless made in writing. For the avoidance of doubt, the doctrine of affirmation
                                         by election will not apply to any failure by a party to exercise, or delay by a party
                                         in exercising, any right, power or remedy under this Agreement.

 

		10.5	Costs
and duty

 

Each
party must bear its own costs arising out of the negotiation, preparation and execution of this Agreement. All duty (including
any fines, penalties and interest) payable on or in connection with this Agreement and any instrument executed under or any transaction
evidenced by this Agreement must be borne equally by the parties.

 

		10.6	Severability

 

Any
provision of this Agreement which is prohibited or unenforceable in any jurisdiction will be ineffective as to that
jurisdiction to the extent of the prohibition or unenforceability. That will not invalidate the remaining provisions of this
Agreement nor affect the validity or enforceability of that provision in any other jurisdiction.

 

 

 

		10.7	Extent
of obligations

 

If
any payment under this Agreement becomes void by any statutory provision or otherwise, the obligations of the party that made
the payment will be taken not to have been discharged in respect of that payment and the parties will be restored to the rights
which each respectively would have had if that payment had not been made.

 

		10.8	Entire
agreement

 

This
Agreement contains the entire agreement between the parties with respect to its subject matter. It sets out the only conduct,
representations, warranties, covenants, conditions, agreements or understandings (collectively Conduct) relied on
by the parties and supersedes all earlier Conduct by or between the parties in connection with its subject matter. Neither party
has relied on or is relying on any other Conduct in entering into this Agreement and completing the transactions contemplated
by it.

 

		10.9	Amendment

 

This
Agreement may be amended only by another agreement executed by all the parties.

 

		10.10	Further
assurances

 

Each
party must do anything necessary (including executing agreements and documents) to give full effect to this Agreement and the
transactions contemplated by it.

 

		10.11	Counterparts

 

This
Agreement may be executed in any number of counterparts. All counterparts together will be taken to constitute one instrument.

 

 

 

	Executed
        as an agreement

         

        Phillips
        66 Company

         
	 
	By:	 	 
	Name: Timothy D. Roberts	 
	Title:  Executive Vice President, Midstream	 

 

 

 

Signed
by NOVONIX Limited in

 

accordance
with section 127 of the

 

Corporations Act 2001 (Cth):

 

	 	 	 
	Signature
    of director	 	Signature
    of director / company secretary
	 	 	 
	  Anthony
    Bellas	 	  Suzanne
    Yeates
	Print
    Name	 	Print
    NameEX-10.1

 Exhibit 10.1 

HOMESMART HOLDINGS, INC. 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is dated as of
                , and is between HomeSmart Holdings, Inc., a Delaware corporation (the “Company”), and
                 (“Indemnitee”). 

RECITALS 

A.    Indemnitee’s service to the Company substantially benefits the Company. 

B.    Individuals are reluctant to serve as directors or officers of corporations or in certain other capacities unless
they are provided with adequate protection through insurance or indemnification against the risks of claims and actions against them arising out of such service. 

C.    Indemnitee does not regard the protection currently provided by applicable law, the Company’s governing
documents and any insurance as adequate under the present circumstances, and Indemnitee may not be willing to serve as a director or officer without additional protection. 

D.    In order to induce Indemnitee to continue to provide services to the Company, it is reasonable, prudent and
necessary for the Company to contractually obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee as permitted by applicable law. 

E.    This Agreement is a supplement to and in furtherance of the indemnification provided in the Company’s
certificate of incorporation and bylaws, and any resolutions adopted pursuant thereto, and this Agreement shall not be deemed a substitute therefor, nor shall this Agreement be deemed to limit, diminish or abrogate any rights of Indemnitee
thereunder. 
 The parties therefore agree as follows: 

1.    Definitions.  

(a)    A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of
this Agreement of any of the following events: 
 (i)    Acquisition of Stock by Third Party. Any Person (as
defined below) becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of the Company’s then outstanding securities; 

(ii)    Change in Board Composition. During any period of two consecutive years (not including any period prior to
the execution of this Agreement), individuals who at the beginning of such period constitute the Company’s board of directors, and any new directors (other than a director designated by a person who has entered into an agreement with the
Company to effect a transaction described in Sections 1(a)(i), 1(a)(iii) or 1(a)(iv)) whose election by the board of directors or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute
at least a majority of the members of the Company’s board of directors; 

 (iii)    Corporate Transactions. The effective date of a merger
or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and
with the power to elect at least a majority of the board of directors or other governing body of such surviving entity; 

(iv)    Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or
an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; and 

(v)    Other Events. Any other event of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended, whether or not the Company is then subject to such reporting requirement. 

For purposes of this Section 1(a), the following terms shall have the following meanings: 

(1)    “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended; provided, however, that “Person” shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the
Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

(2)    “Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Securities Exchange Act of 1934, as amended; provided, however, that “Beneficial Owner” shall exclude any Person otherwise becoming a Beneficial Owner by
reason of (i) the stockholders of the Company approving a merger of the Company with another entity or (ii) the Company’s board of directors approving a sale of securities by the Company to such Person. 

(b)    “Corporate Status” describes the status of a person who is or was a director, trustee,
general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise, including as a deemed fiduciary thereto. 

(c)    “DGCL” means the General Corporation Law of the State of Delaware. 

(d)    “Disinterested Director” means a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee. 

(e)    “Enterprise” means the Company and any other corporation, partnership, limited liability
company, 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, trustee, general partner, managing member, officer, employee, agent or fiduciary, including
as a deemed fiduciary thereto. 
 (f)    “Expenses” include all reasonable and actually incurred
attorneys’ fees, retainers, court costs, transcript costs, fees and costs of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements
or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also include
(i) Expenses incurred in connection with any appeal resulting from any 

  
 -2- 

 
Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond or other appeal bond or their equivalent, and (ii) for
purposes of Section 12(d), Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement or under any directors’ and officers’ liability insurance
policies maintained by the Company. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 

(g)    “Independent Counsel” means a law firm, or a partner or member of a law firm, that is
experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than as Independent Counsel with
respect to matters concerning Indemnitee under this Agreement, or other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

(h)    “Proceeding” means any threatened, pending or completed action, suit, arbitration,
mediation, alternate dispute resolution mechanism, investigation or inquiry (whether formal or informal), administrative hearing or proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative
or investigative nature, including any appeal therefrom and including without limitation any such Proceeding pending as of the date of this Agreement, in which Indemnitee was, is or will be involved as a party, a potential party, a non-party witness or otherwise by reason of (i) the fact that Indemnitee is or was a director or officer of the Company, (ii) any action taken by Indemnitee or any action or inaction on Indemnitee’s
part while acting as a director or officer of the Company, or (iii) the fact that he or she is or was serving at the request of the Company as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the
Company or any other Enterprise, in each case whether or not serving in such capacity at the time any liability or Expense is incurred for which indemnification or advancement of expenses can be provided under this Agreement. 

(i)    Reference to “other enterprises” shall include employee benefit plans; references to
“fines” shall include any excise taxes assessed on a person with respect to any employee benefit plan; references to “serving at the request of the Company” shall include 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, including as a deemed fiduciary
thereto; and a person who acted in good faith and in a manner he or she reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not
opposed to the best interests of the Company” as referred to in this Agreement. 
 2.    Indemnity in
Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 2 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or
in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she 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 no reasonable cause to believe that his or her conduct was unlawful. 

  
 -3- 

 3.    Indemnity in Proceedings by or in the Right of the Company.
The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in
its favor. Pursuant to this Section 3, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such
Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this
Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court
in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses as
the Delaware Court of Chancery or such other court shall deem proper. 
 4.    Indemnification for Expenses of a
Party Who is Wholly or Partly Successful. To the extent that Indemnitee is a party to or a participant in and is successful (on the merits or otherwise) in defense of any Proceeding or any claim, issue or matter therein, the Company shall
indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. For purposes of this section and without limitation, Indemnitee will be deemed to have been
“successful on the merits” in circumstances including but not limited to the termination of any Proceeding or of any claim, issue or matter therein, by the winning of a dismissal (with or without prejudice), motion for summary judgment,
settlement (with or without court approval), or upon a plea of nolo contendere or its equivalent. 

5.    Indemnification for Expenses of a Witness. To the extent that Indemnitee is, by reason of his or her
Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection therewith. 
 6.    Additional Indemnification. 

(a)    Notwithstanding any limitation in Sections 2, 3 or 4, the Company shall indemnify Indemnitee to the fullest
extent permitted by applicable law if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses,
judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with the Proceeding or any claim, issue or matter therein. 

(b)    For purposes of Section 6(a), the meaning of the phrase “to the fullest extent permitted by
applicable law” shall include, but not be limited to: 
 (i)    the fullest extent permitted by the
provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and 

(ii)    the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the
date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

  
 -4- 

 7.    Exclusions. Notwithstanding any provision in this
Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any Proceeding (or any part of any Proceeding): 

(a)    for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance policy,
indemnity provision, vote or otherwise, except with respect to any excess beyond the amount paid; provided, however, that payment made to Indemnitee pursuant to an insurance policy purchased and maintained by Indemnitee at his or her own expense of
any amounts otherwise indemnifiable or obligated to be made pursuant to this Agreement shall not reduce the Company’s obligations to Indemnitee pursuant to this Agreement; 

(b)    for an accounting or disgorgement of profits pursuant to Section 16(b) of the Securities Exchange Act of 1934,
as amended, or similar provisions of federal, state or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement arrangements); 

(c)    for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934, as amended (including any such reimbursements that arise from an accounting
restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in
violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to any settlement arrangements); 

(d)    initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against
the Company or its directors, officers, employees, agents or other indemnitees, unless (i) the Company’s board of directors authorized the Proceeding (or the relevant part of the Proceeding) prior to its initiation, (ii) the Company
provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law, (iii) otherwise authorized in Section 12(d) or (iv) otherwise required by applicable law; or 

(e)    if prohibited by applicable law as determined by a court of competent jurisdiction in a final adjudication not
subject to further appeal. 
 8.    Advances of Expenses. The Company shall advance the Expenses incurred by
Indemnitee in connection with any Proceeding prior to its final disposition, and such advancement shall be made as soon as reasonably practicable, but in any event no later than 90 days, after the receipt by the Company of a written statement or
statements requesting such advances from time to time (which shall include invoices received by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to
expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice). Advances shall be unsecured and interest free. Advances shall be made without regard to
(a) Indemnitee’s ability to repay such advances, (b) ultimate entitlement to indemnification under the other provisions of this Agreement, or (c) entitlement to and availability of insurance coverage, including advancement,
payment or reimbursement of defense costs, expenses of covered loss under the provisions of any applicable insurance policy (including, without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the
insurer(s)). Indemnitee hereby undertakes to repay any advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. No other undertaking shall be required This Section 8 shall not
apply to any Proceeding (or any part of any Proceeding) for which indemnity is not permitted under this Agreement pursuant to Sections 7(a) or 7(d), but shall apply to any Proceeding (or any part of any Proceeding) referenced in Section 7(b) or
7(c) prior to a determination that Indemnitee is not entitled to be indemnified by the Company. 

  
 -5- 

 9.    Procedures for Notification and Defense of Claim. 

(a)    Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek
indemnification or advancement of Expenses as soon as reasonably practicable following the receipt by Indemnitee of notice thereof; provided, however, that a delay in giving such notice will not deprive Indemnitee of any right to be
indemnified under this Agreement unless, and then only to the extent that, the Company did not otherwise learn of the Proceeding and such delay is materially prejudicial to the Company’s ability to defend such Proceeding. The written
notification to the Company shall include a description of the nature of the. The failure by Indemnitee to notify the Company will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this
Agreement, and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights, except to the extent that such failure or delay materially prejudices the Company. 

(b)    If, at the time of the receipt of a notice of a Proceeding pursuant to the terms hereof, the Company has
directors’ and officers’ liability insurance in effect that may be applicable to the Proceeding, the Company shall give prompt notice of the commencement of the Proceeding to the insurers in accordance with the procedures set forth in the
applicable policies. The Company shall thereafter take all commercially-reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.
Further, if requested by Indemnitee, within two business days of such request the Company will instruct the insurance carriers and the Company’s insurance broker that they may communicate directly with Indemnitee regarding such claim. 

(c)    In the event the Company may be obligated to make any indemnity in connection with a Proceeding, the Company shall
be entitled to assume the defense of such Proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, conditioned or delayed, 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 for any fees or expenses of counsel subsequently incurred by Indemnitee with respect to
the same Proceeding. Notwithstanding the Company’s assumption of the defense of any such Proceeding, the Company shall be obligated to pay the fees and expenses of Indemnitee’s separate counsel to the extent (i) the employment of
separate counsel by Indemnitee is authorized by the Company, (ii) counsel for the Company or Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such
defense such that Indemnitee needs to be separately represented, (iii) the Company is not financially or legally able to perform its indemnification obligations, (iv) (iii) the fees and expenses are
non-duplicative and reasonably incurred in connection with Indemnitee’s role in the Proceeding despite the Company’s assumption of the defense, or (v) the Company shall not have retained, or
shall not continue to retain, counsel to defend such Proceeding. The Company shall have the right to conduct such defense as it sees fit in its sole discretion. Regardless of any provision in this Agreement, Indemnitee shall have the right to employ
counsel in any Proceeding at Indemnitee’s personal expense. 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. 

(d)    Indemnitee shall give the Company such information and cooperation in connection with the Proceeding as may be
reasonably appropriate; provided, however, that Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. 

  
 -6- 

 (e)    The Company shall not be liable to indemnify Indemnitee for any
settlement of any Proceeding (or any part thereof) without the Company’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. 

(f)    The Company shall not settle any Proceeding (or any part thereof) in a manner that imposes any penalty or liability
on Indemnitee without Indemnitee’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. 

(g)   The Company shall not, on its own behalf, settle any part of any Proceeding to which Indemnitee is party
with respect to other parties (including the Company) if any portion of such settlement is to be funded from corporate insurance proceeds unless approved by (i) the written consent of Indemnitee or (ii) a majority of the independent
directors of the board; provided, however, that the right to constrain the Company’s use of corporate insurance as described in this section shall terminate at the time the Company concludes (per the terms of this Agreement) that
(i) Indemnitee is not entitled to indemnification pursuant to this agreement, or (ii) such indemnification obligation to Indemnitee has been fully discharged by the Company. 

10.    Procedures upon Application for Indemnification.  

(a)    To obtain indemnification, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is reasonably available to Indemnitee and as is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Proceeding. Any delay
in providing the request will not relieve the Company from its obligations under this Agreement, except to the extent such failure is prejudicial. 

(b)    Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a determination with respect
to Indemnitee’s entitlement thereto shall be made in the specific case (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Company’s board of directors, a copy of which shall be delivered
to Indemnitee or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Company’s board of directors, (B) by a committee of Disinterested
Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Company’s board of directors, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by
Independent Counsel in a written opinion to the Company’s board of directors, a copy of which shall be delivered to Indemnitee or (D) if so directed by the Company’s board of directors, by the stockholders of the Company. If it is
determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making the determination with respect to
Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information that is not privileged or otherwise protected from disclosure and that is
reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating with the person, persons or
entity making such determination shall be borne by the Company, to the extent permitted by applicable law. 
 (c)    In
the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(b), the Independent Counsel shall be selected as provided in this Section 10(c). If a Change in Control shall not
have occurred, the Independent Counsel shall be selected by the Company’s board of directors, and the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel so selected. If a Change in
Control shall have occurred, 

  
 -7- 

 
the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Company’s board of directors, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten days after such
written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 1 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a
proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is
withdrawn or a court has determined that such objection is without merit. If, within 20 days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 10(a) hereof and (ii) the final
disposition of the Proceeding, the parties have not agreed upon an Independent Counsel, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company or
Indemnitee to the other’s selection of Independent Counsel and for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections
are so resolved or the person so appointed shall act as Independent Counsel under Section 10(b) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement, the Independent
Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

(d)    The Company agrees to pay the reasonable fees and expenses of any Independent Counsel. 

(e) If the person or persons so empowered to make a determination pursuant to Section 12(b) hereof (shall have failed to make the
requested determination within ninety (90) days (or, in the case of a determination by stockholders, 180 days) after any judgment, order, settlement, dismissal, arbitration award, conviction, acceptance of a plea of nolo contendere or its
equivalent, or other disposition or partial disposition of any Proceeding or any other event that could enable the Corporation to determine Indemnitee’s entitlement to indemnification, the requisite determination that Indemnitee is entitled to
indemnification shall be deemed to have been made. 
 11.    Presumptions and Effect of Certain Proceedings. 

(a)    In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity
making such determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement, and the Company shall have the burden of proof to overcome that presumption by clear and
convincing evidence. 
 (b)    The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or
not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct was unlawful. 

(c)    Neither the knowledge, actions nor failure to act of any other director, officer, agent or employee of the
Enterprise shall be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

  
 -8- 

 (d) Determination of Good Faith/Safe Harbor. For purposes of any determination of good
faith, Indemnitee shall be presumed 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 the Board or counsel selected by any committee of the Board or on information or records given or reports made to the Enterprise by an independent
certified public accountant or by an appraiser, investment banker, compensation consultant, or other expert selected with reasonable care by the Company or the Board or any committee of the Board. The provisions of this Section 12(d) shall
not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct. Whether or not the foregoing provisions of this Section are satisfied, it shall in any
event be presumed that Indemnitee has at all times acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. 

12.    Remedies of Indemnitee. 

(a)    Subject to Section 12(e), in the event that (i) a determination is made pursuant to Section 10 of
this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 or 12(d) of this Agreement, (iii) no determination of entitlement to
indemnification shall have been made pursuant to Section 10 of this Agreement within 90 days after the later of the receipt by the Company of the request for indemnification or the final disposition of the Proceeding, (iv) payment of
indemnification pursuant to this Agreement is not made (A) within ten days after a determination has been made that Indemnitee is entitled to indemnification or (B) with respect to indemnification pursuant to Sections 4, 5 and 12(d)
of this Agreement, within 30 days after receipt by the Company of a written request therefor, or (v) the Company or any other person or entity takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes
any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of competent
jurisdiction of his or her entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in arbitration with respect to his or her entitlement to such indemnification or
advancement of Expenses, to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within
180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause shall not apply in respect of a proceeding brought by Indemnitee
to enforce his or her rights under Section 4 of this Agreement. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration in accordance with this Agreement. 

(b)    Neither (i) the failure of the Company, its board of directors, any committee or subgroup of the board of
directors, Independent Counsel or stockholders to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor (ii) an actual determination by the
Company, its board of directors, any committee or subgroup of the board of directors, Independent Counsel or stockholders that Indemnitee has not met the applicable standard of conduct, shall create a presumption that Indemnitee has or has not met
the applicable standard of conduct. In the event that a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to
this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits, and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced
pursuant to this Section 12, the Company shall, to the fullest extent not prohibited by law, have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be. 

  
 -9- 

 (c)    The Company shall be precluded from asserting in any judicial
proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company
is bound by all the provisions of this Agreement. If a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial
proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statements not materially misleading, in
connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d)    The Company shall indemnify Indemnitee against all Expenses that are incurred by Indemnitee in connection with any
action for indemnification or advancement of Expenses from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company to the extent Indemnitee is successful in such action,
and, if requested by Indemnitee, shall (as soon as reasonably practicable, but in any event no later than 90 days, after receipt by the Company of a written request therefor) advance such Expenses to Indemnitee, subject to the provisions of
Section 8. 
 (e)    Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement
to indemnification shall be required to be made prior to the final disposition of the Proceeding. 
 (f) Monetary Damages
Insufficient/Specific Performance. The Company and Indemnitee agree that a monetary remedy for breach of this Agreement may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable
harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm (having agreed that actual and
irreparable harm will result in not forcing the Company to specifically perform its obligations pursuant to this Agreement) and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or
obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions
and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the
Company hereby waives any such requirement of a bond or undertaking. If Indemnitee seeks mandatory injunctive relief, it shall not be a defense to enforcement of the Company’s obligations set forth in this Agreement that Indemnitee has an
adequate remedy at law for damages. 
 13.    Contribution. To the fullest extent permissible under applicable
law, if the indemnification provided for in this Agreement is unavailable to Indemnitee, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amounts incurred by Indemnitee, whether for Expenses, judgments, fines or amounts paid
or to be paid in settlement, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the events and transactions giving rise to such Proceeding; and (ii) the relative fault of Indemnitee and the Company (and its other directors, officers,
employees and agents) in connection with such events and transactions. 

14.    Non-exclusivity. The rights of indemnification and to receive
advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s certificate of incorporation or bylaws, any agreement, a
vote of stockholders or a resolution of directors, or otherwise. To the extent that a change in 

  
 -10- 

 
Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Company’s certificate of
incorporation and bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change, subject to the restrictions expressly set forth herein or therein.
Except as expressly set forth herein, no right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise. Except as expressly set forth herein, the assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
right or remedy. 
 15.    No Duplication of Payments. The Company shall not be liable under this Agreement to
make any payment of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received payment for such amounts under any insurance policy, contract,
agreement or otherwise; provided, however, that payment made to Indemnitee pursuant to an insurance policy purchased and maintained by Indemnitee at his or her own expense of any amounts otherwise indemnifiable or obligated to be made
pursuant to this Agreement shall not reduce the Company’s obligations to Indemnitee pursuant to this Agreement. 

16.    Insurance. 

(a)    To the extent that the Company maintains an insurance policy or policies providing liability insurance for
directors, trustees, general partners, managing members, officers, employees, agents or fiduciaries of the Company or any other Enterprise, Indemnitee shall be covered by such policy or policies to the same extent as the most favorably-insured
persons under such policy or policies in a comparable position. 
 (b)    In the event of a change of control or the
Company’s becoming insolvent, the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance—directors’ and officers’ liability, fiduciary, employment practices or otherwise--in respect of the individual directors and officers of the Company, for a fixed period of six years thereafter (a “Tail Policy”). Such coverage shall be
non-cancellable and shall be placed and serviced for the duration of its term by the Company’s incumbent insurance broker. Such broker shall place the Tail policy with the incumbent insurance carriers
using the policies that were in place at the time of the change of control event (unless the incumbent carriers will not offer such policies, in which case the Tail Policy placed by the Company’s insurance broker shall be substantially
comparable in scope and amount as the expiring policies, and the insurance carriers for the Tail Policy shall have an AM Best rating that is the same or better than the AM Best ratings of the expiring policies). 

17.    Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers 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. 
 18.    Services to the Company. Indemnitee agrees to serve as a director or officer of
the Company or, at the request of the Company, as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of another Enterprise, for so long as Indemnitee is duly elected or

  
 -11- 

 
appointed or until Indemnitee tenders his or her resignation or is removed from such position. Indemnitee may at any time and for any reason resign from such position (subject to any other
contractual obligation or any obligation imposed by operation of law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract
between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that any employment with the Company (or any of its subsidiaries or any Enterprise) is at will, and Indemnitee may be discharged
at any time for any reason, with or without cause, with or without notice, except as may be otherwise expressly provided in any executed, written employment contract between Indemnitee and the Company (or any of its subsidiaries or any Enterprise),
any existing formal severance policies adopted by the Company’s board of directors or, with respect to service as a director or officer of the Company, the Company’s certificate of incorporation or bylaws or the DGCL. No such document
shall be subject to any oral modification thereof. 
 19.    Duration. All the rights and privileges afforded by
this agreement, including the right to indemnification and the advancement of legal fees provided under this Agreement, shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity pertaining to an
Indemnifiable Event even though Indemnitee may have ceased to serve in such capacity at the time of any Proceeding.. 

20.    Successors. This Agreement shall be binding upon the Company and its successors and assigns, 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, and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and
administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written
agreement in form and substance satisfactory to Indemnitee, expressly to (i) 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 and (ii) agree to indemnify Indemnitee to the fullest extent permitted by law, 
 21.    Severability.
Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law as determined by a court of competent jurisdiction in a final adjudication not subject to
further appeal. The Company’s inability, pursuant to court order or other applicable law, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by
law; (ii) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (iii) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby. 
 22.    Enforcement. The Company expressly
confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving as a director or officer of the Company. 

  
 -12- 

 23.    Entire Agreement. This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided,
however, that this Agreement is a supplement to and in furtherance of the Company’s certificate of incorporation and bylaws and applicable law. 

24.    Modification and Waiver. No supplement, modification or amendment to this Agreement shall be binding unless
executed in writing by the parties hereto. No amendment, alteration or repeal of this Agreement shall adversely affect any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate
Status prior to such amendment, alteration or repeal. No waiver of any of the provisions of this Agreement shall constitute or be deemed a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver. 

25.    Notices. All notices and other communications required or permitted hereunder shall be in writing and shall
be mailed by registered or certified mail, postage prepaid, sent by facsimile or electronic mail or otherwise delivered by hand, messenger or courier service addressed: 

(a)    if to Indemnitee, to Indemnitee’s address, facsimile number or electronic mail address as shown on the
signature page of this Agreement or in the Company’s records, as may be updated in accordance with the provisions hereof; or 

(b)    if to the Company, to the attention of the Chief Executive Officer or Chief Financial Officer of the Company at
8388 E. Hartford Dr., Suite 100, Scottsdale, Arizona 85255, or at such other current address as the Company shall have furnished to Indemnitee, with a copy (which shall not constitute notice) to Allison Spinner, Wilson Sonsini Goodrich &
Rosati, P.C., 650 Page Mill Road, Palo Alto, CA 94304. 
 Each such notice or other communication shall for all purposes of this Agreement
be treated as effective or having been given (i) if delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service, freight prepaid, specifying next-business-day delivery, one business day after deposit with the courier), (ii) if sent via mail, at the earlier of its receipt or five days after the same has been deposited in a regularly-maintained
receptacle for the deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation of facsimile transfer or, if sent via electronic mail, upon confirmation of delivery when
directed to the relevant electronic mail address, if sent during normal business hours of the recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day. 

26.    Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall
be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this
Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Court of Chancery, and not in any
other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court of Chancery for purposes of any action or proceeding arising out of or in
connection with this Agreement, (iii) appoint, to the extent such party is not otherwise subject to service of process in the State of Delaware, The Corporation Trust Company, Wilmington, Delaware as its agent in the State of Delaware as such
party’s agent for acceptance of legal process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive any
objection to the laying of venue of any such action or proceeding in the Delaware Court of Chancery, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court of Chancery has
been brought in an improper or inconvenient forum. 

  
 -13- 

 27.    Notices by the Company. If the Indemnitee is the subject
of, or is, to the knowledge of the Company, implicated in any way during an investigation, whether formal or informal, that is related to Indemnitee’s Corporate Status and that reasonably could lead to a Proceeding for which indemnification can
be provided under this Agreement, the Company shall notify the Indemnitee of such investigation and shall share with Indemnitee any information it has provided to any third parties concerning the investigation (“Shared Information”). By
executing this Agreement, Indemnitee agrees that such Shared Information is material non-public information that Indemnitee is obligated to hold in confidence and may not disclose publicly; provided, however,
that Indemnitee may use the Shared Information and disclose such Shared Information to Indemnitee’s legal counsel and third parties, in each case solely in connection with defending Indemnitee from legal liability. 

28.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all
purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in counterparts, each of which shall for all purposes be deemed
to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

29.    Captions. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction thereof. 
 (signature page follows) 

  
 -14- 

 The parties are signing this Indemnification Agreement as of the date stated in the
introductory sentence. 
  

			
		 	HOMESMART HOLDINGS, INC.
		
		 	  

		 	(Signature)
		
		 	  

		 	(Print name)
		
		 	  

		 	(Title)
		
		 	[INSERT INDEMNITEE NAME]
		
		 	  

		 	(Signature)
		
		 	  

		 	(Print name)
		
		 	  

		 	(Street address)
		
		 	  

		 	(City, State and ZIP)

  
 (Signature page to
Indemnification Agreement)

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