Document:

Form of Indemnification Agreement

 Exhibit 10(g) 
  
 FORM OF INDEMNIFICATION AGREEMENT 
  
 In accordance with the Instructions to Item 601 of Regulation S-K, the Registrant has omitted filing the Indemnification Agreements between Equus II
Incorporated and the following directors and officers as exhibits to this Form 10-K because they are substantially identical to the Form of Indemnification Agreement that follows. 
  
 1. Sam P. Douglass 
 2. Gregory J. Flanagan 
 3. Gary L. Forbes 
 5. Robert L. Knauss 
 6. Nolan Lehmann 
 7. Gary R. Petersen 
 8. John W. Storms

 9. Francis D. Tuggle 
 10.
Edward E. Williams 
  
  

 FORM OF INDEMNIFICATION AGREEMENT 
  
 THIS AGREEMENT is made as of             , 1997, by and
between Equus II Incorporated, a Delaware corporation (the “Company”) and              (“Indemnitee”). 
  
 WHEREAS, the certificate of incorporation and bylaws of the Company provide
for the indemnification of its directors and executive officers to the maximum extent permitted from time to time under applicable law and, along with the Delaware General Corporation Law, contemplate that the Company may enter into agreements with
respect to such indemnification; and 
  
 WHEREAS, the Board of
Directors of the Company has concluded that it is reasonable, prudent and in the best interests of the Company’s stockholders for the Company to contractually obligate itself to indemnify certain of its Authorized Representatives (defined
below) so that they will serve or continue to serve with greater certainty that they will be adequately protected. 
  
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company and Indemnitee hereby agree as follows: 
  
 1.
Definitions. For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following respective meanings: 
  
 “Act” means the Investment Company Act of 1940, as amended.

  
 “Authorized Representative” means (i) a director,
officer, employee, agent or fiduciary of the Company and (ii) a person serving at the request of the Company as a director, officer. employee, fiduciary or other representative of another Enterprise. 
  
 “Disabling Conduct” means an Indemnitee’s willful
misfeasance, bad faith, or gross negligence in the performance of his duties or reckless disregard of his obligations and duties involved in the conduct of his office. 
  
 “Enterprise” means any corporation, partnership, limited liability company, association, joint venture, trust,
employee benefit plan or other entity. 
  
 “Expenses”
means all expenses, including (without limitation) reasonable fees an expenses of counsel. 
  
 “Liabilities” means all liabilities, including (without limitation) the amounts of any judgments, fines, penalties, excise taxes and amounts paid in settlement. 
  
 “Proceeding” means any threatened, pending or completed claim,
action (including any 

 
action by or in the right of the Company), suit or proceeding (whether formal or informal, or civil, criminal, administrative, legislative, arbitrative or
investigative) in respect of which Indemnitee is, was or at any time becomes, or is threatened to be made, a party, witness, subject or target, by reason of the fact that Indemnitee is or was an Authorized Representative or a prospective Authorized
Representative. 
  

	 	2.	Interpretation. (a) In this Agreement, unless a clear contrary intention appears: 

  

	 	(i)	the singular number includes the plural number and vice versa; 

  

	 	(ii)	reference to any gender includes each other gender; 

  

	 	(iii)	the words “herein,” “hereof’ and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Section or
other subdivision; 

  

	 	(iv)	unless the context indicates otherwise, reference to any Section means such Section hereof; and 

  

	 	(v)	the words “including” (and with correlative meaning “include”) means including, without limiting the generality of any description preceding such term.

  
 (b) The Section headings herein are for
convenience only and shall not affect the construction hereof. 
  
 (c) No provision of this Agreement shall be interpreted or construed against any party solely because that party or its legal representative drafted such provision. 
  
 (d) In the event of any ambiguity, vagueness or other similar matter involving the interpretation or meaning of this
Agreement, this Agreement shall be liberally construed so as to provide to Indemnitee the full benefits contemplated hereby. 
  
 (e) If the indemnification to which Indemnitee is entitled as respects any aspect of any claim varies between two or more provisions of this Agreement,
that provision providing the most comprehensive indemnification shall apply. 
  
 3. Limitation on Personal Liability. To the fullest extent permitted by applicable law, Indemnitee shall not be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as
a director of the Company, provided that the foregoing shall not eliminate or limit the liability of Indemnitee (i) for any breach of Indemnitee’s duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith
or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law relating to unlawful dividend payments and unlawful stock purchases or redemptions, (iv) for any transaction from
which Indemnitee derived an improper personal benefit, 
  

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 (v) for any breach of fiduciary duty involving personal misconduct in respect of the Company, (vi) for any breach of
fiduciary duty with respect to the receipt of compensation for services, or for payments of a material nature, paid by the Company to the Indemnitee, or (vii) for any liability to the Company or its security holders to which the Indemnitee is
subject by reason of his Disabling Conduct. 
  
 4. Indemnity. (a)
Subject to the following provisions of this Agreement, the Company shall hold harmless and indemnify Indemnitee against all Expenses and Liabilities actually incurred by Indemnitee in connection with any Proceeding; provided, however, that no
indemnity shall be paid by the Company pursuant to this Agreement: 
  

	(i)	for amounts actually paid to Indemnitee pursuant to one or more policies of directors and officers liability insurance maintained by the Company or pursuant to a trust fund, letter
of credit or other security or funding arrangement provided by the Company; provided, however, that if it should subsequently be determined that Indemnitee is not entitled to retain any such amount, this clause (i) shall no longer apply to such
amount; 

  

	(ii)	in respect of remuneration paid to Indemnitee if it shall be determined by a final judgment or other final adjudication that payment of such remuneration was in violation of
applicable law; 

  

	(iii)	on account of Indemnitee’s conduct which is finally adjudged to constitute willful misconduct or to have been knowingly fraudulent, deliberately dishonest or from which the
Indemnitee derives an improper personal benefit; 

  

	(iv)	on account of any suit in which final judgment is rendered against Indemnitee for an accounting of profits made from the sale or purchase by Indemnitee of securities of the Company
pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended; or 

  

	(v)	on account of any liability, whether or not there is an adjudication of liability, arising by reason of Indemnitee’s Disabling Conduct. 

  
 (b) If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for only a portion (but not, however, for the total amount) of any Expenses or Liabilities actually incurred by Indemnitee in connection with any Proceeding, the Company shall nevertheless indemnify Indemnitee for the
portion of such Expenses and Liabilities to which Indemnitee is entitled. If the indemnification provided for herein in respect of any Expenses or Liabilities actually incurred by Indemnitee in connection with any Proceeding is finally determined by
a court of competent jurisdiction to be prohibited by applicable law, then the Company, in lieu of indemnifying Indemnitee and to the extent permitted under Section 17(h) of the Act, shall contribute to the amount paid or payable by Indemnitee as a
result of such Expenses and Liabilities in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on 
  

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 the one hand and Indemnitee on the other hand from the events, circumstances, conditions, happenings, actions or
transactions from which such Proceeding arose, (ii) the relative fault of the Company (including its other Authorized Representatives) on the one hand and of Indemnitee on the other hand in connection with the events, circumstances and happenings
which resulted in such Expenses and Liabilities, such relative fault to be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the events,
circumstances and/or happenings resulting in such Expenses and liabilities, and (iii) any other relevant equitable considerations, it being agreed that it would not be just and equitable if such contribution were determined by pro rata or other
method of allocation which does not take into account the foregoing equitable considerations. 
  
 (c) The indemnification provided herein shall be applicable only to Proceedings commenced after the date hereof, regardless, however, of whether they arise from acts, omissions, facts or circumstances occurring before
or after the date hereof. 
  
 (d) The indemnification provided
herein shall be applicable whether or not negligence of Indemnitee is alleged or proved, and regardless of whether such negligence be contributory or sole. 
  
 (e) Amounts paid by the Company to Indemnitee under this Section 4 are subject to refund by Indemnitee as provided in Section 8. 
  
 5. Notification and Defense of Claims. (a) Promptly after the receipt by
Indemnitee of notice of the commencement of any Proceeding, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement of such Proceeding; provided, however, that the
omission to so notify the Company will not relieve the Company (i) from any liability which it may have to Indemnitee under this Agreement unless, and then only to the extent that, such omission results in insufficient time being available to permit
the Company or its counsel to effectively defend against or make timely response to any loss, claim, damage, liability or expense resulting from such Proceeding or otherwise has a material adverse effect on the Company’s ability to promptly
deal with such loss, claim, damage, liability or expense or (ii) from any liability which it may have to Indemnitee otherwise than under this Agreement. 
  
 (b) The following provisions shall apply with respect to any such Proceeding as to which Indemnitee notifies the Company of the commencement thereof:

  

	(i)	The Company shall be entitled to participate therein at its own expense. 

  

	(ii)	Except as otherwise provided below, to the extent it may elect to do so, the Company (jointly with any other indemnifying party similarly notified) will be entitled to assume the
defense thereof, with counsel of its own selection reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense 

  

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 thereof, the Company will not be liable to Indemnitee under this Agreement for any Expenses subsequently
incurred by Indemnitee in connection with the defense of such Proceeding other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ separate counsel in such Proceeding but the fees and
expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee unless (1) the employment of separate counsel by Indemnitee has been authorized by the Company; (2)
Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such Proceeding; or (3) the Company shall not in fact have employed counsel to assume the defense
of such Proceeding, in each of which cases the reasonable fees and expenses of Indemnitee’s counsel shall be borne by the Company. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company
or as to which Indemnitee shall have made the conclusion provided for in (2) above. Nothing in this paragraph (ii) shall affect the obligation of the Company to indemnify Indemnitee against Expenses and Liabilities paid in settlement for which it is
otherwise obligated hereunder. 
  

	(iii)	The Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceedings or claims effected without its prior written
consent. The Company shall not settle any Proceeding or claim in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s prior written consent. Neither the Company nor Indemnitee will unreasonably withhold or
delay its consent to any proposed settlement. 

  
 6.
Advancement of Expenses, etc. If requested to do so by Indemnitee with respect to any Proceeding, the Company shall advance to or for the benefit of Indemnitee, prior to the final disposition of such Proceeding, the Expenses actually incurred by
Indemnitee in investigating, defending or appealing such Proceeding; provided, however, as a condition to any advance (a) the Indemnitee shall provide a security for his undertaking provided in Section 8, (b) the Company shall be insured against
losses arising by reason of any lawful advance, or (c) a majority of a quorum of the disinterested, non-party directors of the Company, or an independent legal counsel in a written opinion, shall determine, based on a review of readily available
facts (as opposed to a trial-type inquiry), that there is reason to believe that the Indemnitee ultimately will be found entitled to indemnification under Section 4. Any judgments, fines or amounts to be paid in settlement of any Proceeding shall
also be advanced by the Company upon request by Indemnitee. Advances made by the Company under this Section 6 are subject to refund by Indemnitee as provided in Section 8. 
  
 7. Right of Indemnitee to Bring Suit. (a) If a claim for indemnification or a claim for an advance under this Agreement is
not paid in full by the Company within 30 days after receipt by the Company from Indemnitee of a written request or demand therefor, Indemnitee may bring suit against the Company to recover the unpaid amount of the claim. If, in any such action,
Indemnitee makes a prima facie showing of entitlement to indemnification under this Agreement, the Company 
  

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 shall have the burden of proving that indemnification is not required under this Agreement. The only defense to any such
action shall be that indemnification is not required by this Agreement. 
  
 (b) In the event that any action is instituted by Indemnitee to enforce Indemnitee’s rights or to collect monies due to Indemnitee under this Agreement and if Indemnitee is successful in such action, the Company shall reimburse
Indemnitee for all Expenses incurred by Indemnitee with respect to such action. 
  
 8. Repayment Obligation of Indemnitee. If the Company advances or pays any amount to Indemnitee under Section 4, 6, or 7 and if it shall thereafter be determined by the Company as provided in this Section 8 that
Indemnitee was not entitled to be indemnified hereunder for all or any portion of such amount, Indemnitee shall promptly repay such amount or such portion thereof, as the case may be, to the Company. If the Company advances or pays any amount to
Indemnitee under Section 4, 6, or 7 and if Indemnitee shall thereafter receive all or a portion of such amount under one or more policies of directors and officers liability insurance maintained by the Company or pursuant to a trust fund, letter of
credit or other security or funding arrangement provided by the Company, Indemnitee shall promptly repay such amount or such portion thereof, as the case may be, to the Company. The Indemnitee agrees that the means for determining whether an
Indemnitee is entitled to indemnification under Sections 4, 6, or 7, shall include (1) a final decision on the merits by a court or other body before whom a Proceeding was brought that the Indemnitee was not liable by reason of Disabling Conduct or
(2) a reasonable determination, based upon a review of the facts, that the Indemnitee was not liable by reason of Disabling Conduct, by (a) the vote of a majority of a quorum of directors of the Company who are neither “interested persons”
of the Company as defined in Section 2(a)(19) of the Act nor parties to such action, suit, or proceeding or (b) an independent legal counsel in a written opinion. The foregoing determination of whether indemnification should be made may be made by
the Company at any time and shall be made by the Company upon conclusion of any Proceeding. 
  
 9. Changes in Law. If any change after the date of this Agreement in any applicable law, statute or rule expands the power of the Company to indemnify Authorized Representatives, such change shall be within the
purview of Indemnitee’s rights and the Company’s obligations under this Agreement. If any change after the date of this Agreement in any applicable law, statute or rule narrows the right of the Company to indemnify an Authorized
Representative, such change shall, to the fullest extent permitted by applicable law, leave this Agreement and the parties’ rights and obligations hereunder unaffected. 
  
 10. Continuation of Indemnity. All agreements and obligations of the company hereunder shall continue during the period
Indemnitee is an Authorized Representative, and shall continue after Indemnitee has ceased to occupy such position or have such relationship so long as Indemnitee shall be subject to any possible Proceeding. 
  
 11. Nonexclusivity. The indemnification and other rights provided by any
provision of this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be 
  

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 entitled under (i) any statutory or common law, (ii) the Company’s certificate of incorporation, (iii) the
Company’s bylaws, (iv) any other agreement or (v) any vote of stockholders or disinterested directors or otherwise, both as to action in Indemnitee’s official capacity and as to action in another capacity while occupying any of the
positions or having any of the relationships referred to in this Agreement. Nothing in this Agreement shall in any manner affect, impair or compromise any indemnification Indemnitee has or may have by virtue of any agreement previously entered into
between Indemnitee and the Company or between Indemnitee and Chambers. 
  
 12. Severability. If any provision of this Agreement shall be held to be invalid, illegal or unenforceable (i) the validity, legality or enforceability of the remaining provisions of this Agreement shall not be in any way affected or
impaired thereby and (ii) to the fullest extent possible, the provisions of this Agreement shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. Each provision of this Agreement is
a separate and independent portion of this Agreement. 
  
 13.
Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties. No waiver of any of the provisions of this Agreement shall be binding unless executed in writing
by the person making the waiver nor shall such waiver constitute a continuing waiver. 
  
 14. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be addressed (i) if to the Company, at its principal office address as shown on the signature page hereof or
such other address as it may have designated by written notice to Indemnitee for purposes hereof, directed to the attention of the Secretary and (ii) if to Indemnitee, at Indemnitee’s address as shown on the signature page hereof or to such
other address as Indemnitee may have designated by written notice to the Company for purposes hereof. Each such notice or other communication shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom
said notice or other communication shall have been directed, (b) transmitted by facsimile transmission, at the time that receipt of such transmission is confirmed, or (c) mailed by certified or registered mail with postage prepaid, on the third
business day after the date on which it is so mailed. 
  
 15.
Governing Law. This Agreement shall be deemed to be a contract made under, and shall be governed by and construed and enforced in accordance with, the internal laws of the State of Delaware without regard to principles of conflicts of law.

  
 16. Heirs, Successors and Assigns. (a) This Agreement shall be
binding upon, inure to the benefit of and be enforceable by (i) Indemnitee and Indemnitee’s personal or legal representatives, executors, administrators, heirs, devisees and legatees and (ii) the Company and its successors and assigns. This
Agreement shall not inure to the benefit of any other person or Enterprise. 
  
 (b) The Company agrees to require any successor (whether direct or indirect, by purchase, 
  

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 merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used herein, the term “Company” shall include any successor to
its business and/or assets as aforesaid which executes and delivers the assumption and agreement provided for in this Section 16 or which otherwise becomes bound by all terms and provisions of this Agreement by operation of law. 
  
 ENTERED into on the day and year first above written. 
  

			
	 THE COMPANY:
  
 EQUUS II INCORPORATED

		
	By:	 	 
	  
 Address:

 

	 2929 Allen Parkway, Suite 2500
 Houston, Texas 77019
  
 Telecopier:
  
 (713) 529-9545

	 	 	 

  

			
	 INDEMNITEE:

		
	 	 	 
	 
	 	 	 
	 	 	 
	 Address:
	 	 
	 	 	 
	 
	 	 	 
	 
	 	 	 
	 	 	 
	 Telecopier:

	 	 	 
	 
	 	 	 
	 	 	 

  
  
  

 8Form of Release Agreement

 Exhibit 10(h) 
  
 FORM OF RELEASE AGREEMENT 
  
 As discussed in Item 1. Business – Regulation, the Registrant has entered into Release Agreements with certain of its officers and former officers in
connection with the unwinding of certain loan transactions with respect to loans extended by the Registrant in 1999 to such officers to enable them to exercise stock options previously granted by the Registrant, which loans were cancelled in 2001.
In accordance with the Instructions to Item 601 of Regulation S-K, the Registrant has omitted filing the Release Agreements between Equus II Incorporated and the following officers and former officers as exhibits to this Form 10-K because they are
substantially identical to the Form of Release Agreement, which follows, except for the date of the agreement and the amount paid to the Registrant. 
  

								
	 Name of Officer
 or Former
Officer

	  	Amount
Paid

	  	 	  	Date

	 Sam P. Douglass
	  	$	188,692	  	 	  	November 12, 2004
	 Nolan Lehmann
	  	 	294,950	  	 	  	November 12, 2004
	 Gary L. Forbes
	  	 	118,568	  	 	  	November 12, 2004
	 Tracy H. Cohen
	  	 	27,575	  	 	  	December 16, 2004
	 Randall B. Hale
	  	 	*	  	 	  	December 3, 2004
	 Patrick M. Cahill
	  	 	23,475	  	 	  	March 24, 2005

	*	Mr. Hale returned options to purchase 198,000 shares of the Registrant’s common stock. 

 FORM OF RELEASE AGREEMENT 
  
 This Release Agreement (“Agreement”) is entered into by and between (i)
             (“Officer”) and (ii) Equus II Incorporated (“Fund”) on behalf of and for the benefit of the Fund and its affiliates, subsidiaries, entities under
common control, predecessors, board of directors, agents, employees, successors, and assigns (each a “Fund Party” and collectively, the “Fund Parties”), as of the date indicated below. 
  
 WHEREAS, Officer is an officer of the Fund; 
  
 WHEREAS, Officer was a participant in the Fund’s 1997 Stock Incentive
Plan (“Plan”); 
  
 WHEREAS, Officer executed a
Promissory Note and Security Agreement – Pledge dated September 30, 1999, in favor of the Fund (“Note”); 
  
 WHEREAS, Officer purchased shares of Fund stock (“Shares”) pursuant to the Plan using the proceeds of the Note; 
  
 WHEREAS, the Note was collateralized by those Shares; 
  
 WHEREAS, during 2001, the Fund accepted return of certain of those Shares in
satisfaction of the Note (“Repayment”) (collectively, the Plan, the Note and the Repayment shall be referred to herein as the “Transactions”); and 
  
 WHEREAS, Officer has retained certain of those Shares, as well as proceeds from cash and stock dividends paid on such
Shares; 
  
 WHEREAS, Officer has agreed to (i) make a cash payment
to the Fund in an amount equal to the value of the Shares retained and any proceeds from cash or stock dividends paid on those Shares and (ii) waive the right to indemnification from the Fund to which he is entitled by reason of his status as an
officer of the Fund and having met the requisite standards of conduct 

  

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with respect to his actions, in exchange for the execution and delivery of this Release Agreement on behalf of the Fund in order to settle and resolve any
and all potential claims that any Fund Party may have against Officer arising out of the Transactions; 
  
 WHEREAS, Officer has tendered such amount to the Fund (the “Tender”) and waived his rights to indemnification (the “Waiver”);

  
 WHEREAS, the Fund Parties have agreed, upon the receipt by the
Fund of such amount, to release any and all claims, causes of action and/or disputes which the Fund Parties, or any of them has, had or may have had against Officer arising from or relating to the Transactions, whether or not described specifically
herein; 
  
 WHEREAS, the Fund Parties have agreed, upon receipt by
the Fund of such amount, as specified herein, to refrain from assisting any individual or entity who attempts to bring any claim or cause of action against Officer arising from or related to the Transactions; and 
  
 WHEREAS, the Board has authorized the Chairman of the Special Committee of
the Fund’s Board of Directors to execute this Agreement on behalf of the Fund Parties in recognition of such Tender and Waiver; 
  
 NOW, THEREFORE, in consideration of the mutual covenants and promises set forth in this Agreement, Officer and the Fund Parties agree as follows:

  
 1. Officer hereby tenders to the Fund the amount of
$                    , and waives the right to indemnification for any expenses, including attorneys’ fees, paid or incurred in
settlement of the Fund’s claims arising out of the Transactions to which he is entitled by reason of his status as an officer of the Fund and having met the requisite standard of conduct with respect to his actions. 
  
 2. In return for the consideration described in paragraph 1 of this
Agreement, the Fund, on behalf of all Fund Parties and any successors, assigns, or representatives of any Fund Party, does hereby, release and discharge Officer from any and all claims, debts, and causes of action of any kind or description
whatsoever, relating in any way to the Transactions, that any 

  

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Fund Party has, had or may have had as of the date of the execution of this Agreement, including without limitation all rights and claims, whether in law or
equity, arising from or under: (a) the United States Federal Securities Laws (as defined by Rule 38a-1 under the Investment Company Act of 1940, as amended, or otherwise); (b) the Internal Revenue Code of 1986, as amended; (c) the securities laws of
any U.S. state, commonwealth or territory (including the District of Columbia) (i.e., Blue Sky Laws), including specifically, New York’s Martin Act and any similar act or statute under the laws of the States of Texas or Delaware; and (d)
any other state or federal statute or common law principle. 
  
 3.
Officer does not waive the right to any indemnification to which he is entitled with respect to any future action, suit or proceeding, whether civil, criminal, administrative or investigative arising out of the Transactions. 
  
 4. The Fund warrants and represents that, to its knowledge, no individual,
entity, governmental agency or office has asserted or indicated an intention to assert any claim or institute any investigation based on or arising out of the Transactions, any action taken or any omission by Officer with respect thereto.

  
 5. Except as required by law, the Fund Parties shall refrain
from assisting in any manner (both directly and indirectly) any individual or entity, including without limitation, any stockholder of the Fund, who attempts to assert any claim against Officer which is similar to, or based upon the same general
facts as, the potential claims discussed herein and the Fund Parties agree that this Agreement is, will constitute and may be pleaded as, a bar to any claim, cause of action or proceeding brought by any such individual or entity. 
  
 6. Officer and the Fund Parties shall not disclose the terms of or the basis
for this Agreement to any other entity or person, with the exception of Officer’s spouse and accountant for the purpose of preparing tax returns or pursuant to valid legal process or: (a) to the extent that such disclosure is requested by a
regulatory entity, including but not limited to, in connection with any governmental request or investigation or judicial or administrative action; (b) in conjunction with obtaining legal representation; or (c) as may be required by law, rule or
regulation, including, but not limited to, pursuant to any disclosure or filing requirements established by the U.S. Securities and Exchange Commission. To the extent that such public disclosure is determined to be made on Form 8-K or otherwise,
Officer will be given an opportunity to review and comment on such disclosure before it is released.  
  
 7. No provision of or act required by this Agreement shall be construed as an admission of any obligation, liability, or wrongdoing on the part of
Officer. 
  
 8. Except to the extent necessary to enforce this
Agreement or only to the extent legally required by a regulatory entity in connection with any government investigation or judicial action, neither this Agreement nor any part of this Agreement is to be used or admitted into evidence in any
judicial, administrative, or other proceeding now pending or subsequently instituted against any party to this Agreement. 
  
 9. Officer and the Fund Parties shall do everything within their power to effectuate the spirit and intent of this Agreement and shall cooperate in
carrying out the terms of this 

  

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Agreement. If a party breaches any provision of this Agreement, legal proceedings may be instituted against that party for breach of contract. The party who
prevails in any such action shall be entitled to recover the reasonable attorneys’ fees and litigation expenses incurred in that litigation. 
  
 10. In the event that a provision contained herein shall for any reason be held or deemed to be invalid by a court of law, such provision shall be
severable and this Agreement shall remain in force. 
  
 11. This
Agreement may be executed in counterparts with the same force and effect as if a single original document had been executed by the parties. 
  
 12. The Fund Parties have advised Officer to confer with his attorney and Officer has done so or has had an adequate opportunity to do so before executing
this Agreement. 
  
 13. The only consideration that Officer shall
receive for the execution of this Agreement shall be the release described in Section 2 of this Agreement. No other promise, inducement, threat, agreement, or understanding of any kind or description whatsoever has been made with or to Officer by
any person or entity to cause Officer to execute this Agreement. Officer and the Fund Parties fully understand the meaning, intent, and final and binding effect of this Agreement. 
  
 14. This Agreement constitutes the entire agreement between Officer and the Fund Parties regarding the subject matter of
this Agreement and, except as otherwise expressly provided in this Agreement, supersedes and cancels all previous negotiations, agreements, commitments, and writings regarding that subject. 
  
 15. This Agreement binds and inures to the benefit of Officer and the Fund
Parties and their respective successors, assigns, affiliates, heirs, legatees, executors, administrators, and representatives. 
  
 16. This Agreement shall be interpreted and enforced in accordance with the law of the State of Delaware, without regard to any conflict of laws rules.

  
 17. OFFICER AND THE FUND HAVE FREELY AND VOLUNTARILY ENTERED
INTO THIS AGREEMENT AFTER HAVING A REASONABLE TIME TO REVIEW THE TERMS OF THIS AGREEMENT AND HAVING AN OPPORTUNITY TO DISCUSS THE TERMS OF THIS AGREEMENT WITH WHOMEVER THEY WISHED, INCLUDING LEGAL COUNSEL OF THEIR OWN CHOICE. 
  
  

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 IN WITNESS HEREOF, the parties have duly executed this Agreement. 
  

			
	 
	 Named Officer

	
	 [Date]

	
	 Equus II Incorporated

		
	 By:
	 	 
	 Name and title: Robert Knauss,

	 Chairman of the Special Committee

	
	 [Date]

  

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