Document:

Employment Agreement - G. Timothy Laney

 Exhibit 10.1 
 EXECUTION COPY 
 EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of May 22, 2010, by and between G. Timothy
Laney (the “Executive”) and NBH Holdings Corp. (the “Company”), a Delaware corporation. 

WITNESSETH THAT: 
 WHEREAS, the Company is desirous of employing the Executive in an executive capacity on the terms and conditions, and for the consideration, hereinafter set forth, and the Executive is desirous of being
employed by the Company on such terms and conditions and for such consideration. 
 NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth below, and for other good and valuable consideration, it is hereby covenanted and agreed by the Executive and the Company as follows: 
 1. Effective Date. This Agreement shall become binding and enforceable when accepted by the Executive in the manner set forth for acceptance below, and the provisions of this Agreement shall become
effective on the Executive’s first day of active employment with the Company (which is currently expected to be June 1, 2010) (the “Effective Date”). 

2. Employment Period. The initial term of the Executive’s employment will commence on the Effective Date
and end on June 30th 2013 (the “Initial
Employment Period”), unless terminated earlier pursuant to Section 5 of this Agreement; provided, however, that as of the expiration of (i) the Initial Employment Period and (ii) if applicable, any Renewal
Period (as defined below), the Employment Period will automatically be extended for a one-year period such that it will expire one (1) year from the commencement of such extension, unless either party gives at least 90 days written notice prior
to the expiration date of the then-current Employment Period of its intention not to further extend the Employment Period (the Initial Employment Period and each subsequent extension, if any, shall constitute the “Employment Period”
unless terminated earlier pursuant to Section 5 of this Agreement). 
 3. Position and Duties. During the Employment
Period, the Executive shall (i) serve as the President and Chief Executive Officer of the Company, with such authority, power, duties and responsibilities as are commensurate with such positions and as are customarily exercised by a person
holding such positions in a company of the size and nature of the Company, (ii) report directly to the Board of Directors of the Company (the “Board”), (iii) initially be appointed, and thereafter be nominated, to serve as
a member of the Board, and (iv) perform his duties at the Company’s primary office location in Boston, Massachusetts from the Effective Date until such time as the Board otherwise determines, and thereafter at such location as
reasonably agreed by the parties from time to time, in either case subject to the Executive’s performance of duties at, and travel to, such other offices of the Company and subsidiaries and controlled affiliates (the “Affiliated
Entities”) and/or other locations as shall be necessary to fulfill his duties. 

 4. Compensation. Subject to the terms of this Agreement, while the Executive is
employed by the Company during the Employment Period, the Company shall compensate him for his services as follows: 
 (a)
Base Salary. The Executive shall receive an annual base salary (“Annual Base Salary”) of no less than $500,000. The Executive’s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board
(the “Compensation Committee”) pursuant to its normal performance review policies for senior executives and may be increased but not decreased. The term Annual Base Salary as utilized in this Agreement shall refer to Annual Base
Salary as in effect from time to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company’s payroll policies. 

(b) Annual Incentive Payment. With respect to each fiscal year or portion of a fiscal year of the Company ending during the
Employment Period, the Executive shall be eligible to receive an annual incentive payment (the “Incentive Payment”), with the actual amount of any such Incentive Payment to be determined by the Compensation Committee. The
Executive’s target Incentive Payment opportunity under the incentive plan applicable to the Executive for each fiscal year during the Employment Period shall be 100% of his Annual Base Salary (the “Target Incentive Payment”).
With respect to the Company’s 2010 fiscal year, the Executive will be guaranteed to receive an Incentive Payment of not less than 50% of the Target Incentive Payment (i.e., $250,000) and will have an opportunity to be awarded the
additional 50% of the Target Incentive Payment based on performance in 2010, with the actual amount of any such additional Incentive Payment to be determined by the Compensation Committee in accordance with the applicable incentive plan. Subject to
the foregoing guarantee for 2010, any earned Incentive Payment shall be paid to the Executive pursuant to the terms of the applicable incentive plan; provided, however, that any such Incentive Payment for a fiscal year shall be paid to the
Executive no later than the 15th day of the third month following the close of such fiscal year, or the calendar year where applicable, unless the Company or the Executive shall elect to defer the receipt of such Incentive Payment pursuant to an
arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 (c) Equity Compensation. The Executive shall be eligible for equity and other long-term incentive awards commensurate with his position and grants to other senior executives from time to time, as
determined by the Board in its discretion. As soon as reasonably practicable following the Effective Date, the Compensation Committee of the Board will grant to the Executive the following initial restricted stock and stock options awards:

 (i) The Company will grant the Executive a nonqualified stock option (the “Initial Stock Option”) to acquire
850,000 shares of the Class A common stock, par value $0.01 per share, of the Company (“Common Stock”) under the Company’s 2009 Equity Incentive Plan (the “Equity Plan”). The Initial Stock Option shall
have an exercise price of $20.00 per share (or, if higher, “fair market value” on the date of grant, determined based on the average of the sale prices of the Common Stock during the 45-day period prior to the date of grant on the
proprietary trading platform of FBR Capital Markets on which the Common Stock is bought and sold) and shall vest and become exercisable pursuant to the terms of the award agreement evidencing the grant of the Initial Stock Option attached hereto as
Exhibit A, which shall generally provide for vesting of 50% of the shares underlying the Initial Stock Option on 

  
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October 21, 2011 and the remaining 50% vesting on October 21, 2012, in each case subject to the Executive’s continued employment with the Company as of any such date, except as
provided in the award agreement, and the occurrence of a Qualified Investment Transaction (as defined in the Equity Plan) prior to any such vesting date; and 
 (ii) The Company will grant the Executive 450,000 shares of restricted Common Stock under the Equity Plan (the “Initial Restricted Stock Award”). The Initial Restricted Stock Award will
vest and become free of restrictions pursuant to the terms of the award agreement evidencing the grant of the Initial Restricted Stock Award attached hereto as Exhibit B, which will generally provide for (A) two-thirds (300,000) of the
shares of the Initial Restricted Stock Award vesting based on the achievement of performance goals relating to increases in the price of the Common Stock (with 33.3% (100,000) of the performance shares vesting when the stock price equals or
exceeds $25 per share, 33.3% (100,000) of the performance shares vesting when the stock price equals or exceeds $28 per share and 33.3% (100,000) of the performance shares vesting when the stock price equals or exceeds $32 per share), and
(B) one-third (150,000) shares of the Initial Restricted Stock Award vesting based on the passage of time (with 50% of the time-vesting shares vesting on October 21, 2011 and the remaining 50% vesting on October 21, 2012, in the
case of the vesting terms set forth in clauses (A) and (B), subject to the Executive’s continued employment with the Company as of any such date, except as provided in the award agreement, and the occurrence of a Qualified Investment
Transaction prior to any such vesting date. In the event the exercise price of the Initial Stock Option is higher than $20.00 based on the fair market value determination described in Section 4(c)(i) above, the number of shares of Common Stock
underlying the time-vesting portion of the Initial Restricted Stock Award shall be increased by an amount equal to (A) (x) the difference between the exercise price per share of the Initial Stock Options based on the fair market value
determination and $20.00, times (y) 850,000, divided by (B) the fair market value (determined as described above) of a share of Common Stock. 
 (iii) The grants of restricted stock and stock options set forth in this Section 4 shall be subject to and contingent upon the Executive entering into such agreements, including the agreement
referred to in Section 4(g) below, as may be provided by the Company, and making such representations and warranties as the Company may require, including representing as to the Executive’s status as an “accredited investor”
within the meaning of Rule 501(a) under the Securities Act of 1933, as amended. 
 (d) Signing Bonus. The Executive will
be awarded a cash signing bonus of $1,200,000, payable in a lump sum within ten days of the Effective Date. 
 (e) Employee
Benefits, Fringe Benefits and Perquisites. During the Employment Period, the Executive shall be provided with employee benefits, fringe benefits and perquisites on a basis no less favorable than such benefits and perquisites are provided by the
Company from time to time to the Company’s other senior executives. Notwithstanding the foregoing, (i) until the earlier of (A) the date on which the Company commences providing health care insurance benefits under a Company plan or
program, and (B) the date on which the Executive’s eligibility for continuation coverage under COBRA from a prior employer’s health care plan ceases, the Company shall reimburse the Executive for the COBRA medical and dental premiums
arising from continued participation under such prior employer’s plan, and (ii) in all 

  
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 events Company-sponsored health care insurance benefits (including a COBRA feature) shall commence not later
than the first anniversary of the Effective Date. 
 (f) Expense Reimbursement. Subject to the requirements of
Section 8(a)(ii) (relating to in-kind benefits and reimbursements), during the Employment Period, the Company will reimburse the Executive for (i) all reasonable expenses incurred by him in the performance of his duties in accordance with
the Company’s policies applicable to senior executives, and (ii) reasonable and customary relocation expenses incurred by the Executive, in connection with relocation of his primary residence to the Company’s principal business
location as reasonably agreed by the parties. 
 (g) Stock Ownership Requirement. While employed by the Company, the
Executive shall be subject to a reasonable Company’s stock ownership policy in accordance with the guidelines as established by the Compensation Committee and commensurate with his position relative to such obligation applicable to other senior
executives of the Company. In addition, upon the Company’s request, the Executive shall promptly execute an agreement with the FDIC in the form provided to the Company by the FDIC, and previously furnished to the Executive, relating to
restrictions on the sale of the Executive’s Common Stock to the extent such restrictions are applicable to the Executive. 

(h) Indemnification/Insurance. The Company shall defend, indemnify and hold the Executive harmless to the full extent permitted by
the general laws of the State of Delaware, its charter or its bylaws now or hereafter in force, and shall promptly advance all expenses including attorneys’ fees under procedures provided by, and to the full extent permitted by such laws,
charter or bylaws. The Executive shall have the right to choose his own counsel in any such matter. The Company also shall procure and maintain directors and officers liability insurance, which shall apply during all periods of the Executive’s
employment and service as a member of the Board and thereafter during the period in which the Executive may be subject to liability for acts and omissions to act in connection with such employment and service. 

5. Termination of Employment. 
 (a) Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment Period. If the Company determines in good faith that the
Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may provide the Executive with written notice in accordance with Section 12(g) of this Agreement of its
intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the “Disability Effective
Date”), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive’s duties and, provided further, that a Disability shall be determined to exist
as provided hereinafter. For purposes of this Agreement, “Disability” shall mean the inability of the Executive to perform the Executive’s duties with the Company on a full-time basis as a result of incapacity due to mental or
physical illness, which inability exists for 180 days during any rolling 12-month period, as determined by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s legal representative. 

  
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 (b) Cause. The Company may terminate the Executive’s employment during the
Employment Period either with or without Cause. For purposes of this Agreement, “Cause” shall mean: 
 (i) the
continued failure of the Executive to perform substantially the Executive’s duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness); 

(ii) willful misconduct or gross neglect by the Executive in the performance of his duties to the Company; 

(iii) the Executive’s continued failure to adhere to the clear lawful directions of the Board, to adhere materially to the
Company’s material written policies, or to devote substantially all of the Executive’s business time and efforts to the Company; 
 (iv) the Executive’s conviction of or formal admission to or plea of guilty or nolo contendere to a charge of commission of, (A) a felony or (B) any crime involving serious
moral turpitude; or 
 (v) the Executive’s willful material breach of any of the material terms or conditions of this
Agreement. 
 In order to invoke a termination for Cause on any of the grounds enumerated under Section 5(b)(i), (ii),
(iii) or (v), the Company must provide written notice to the Executive of the existence of such grounds within 30 days following the Company’s knowledge of the existence of such grounds, specifying in reasonable detail the grounds
constituting Cause, and the Executive shall have 30 days following receipt of such written notice (the “Executive’s Cure Period”) during which he may remedy the ground if such ground is reasonably subject to cure. 

For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it
is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board or upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The cessation of employment
of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board at a
meeting of the Board called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board), finding that, in the good faith opinion of
the Board (without limiting the Executive’s right to dispute any such finding of Cause), the Executive is guilty of the conduct described in clauses (i), (ii), (iii) or (v) above, and specifying the particulars thereof in detail.

 (c) Good Reason. The Executive’s employment may be terminated by the Executive during the Employment Period with
or without Good Reason. For purposes of this Agreement, “Good Reason” shall mean in the absence of the written consent of the Executive: 

  
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 (i) a material diminution in the Executive’s Annual Base Salary during the Employment
Period; 
 (ii) a material diminution in the Executive’s title or position or the assignment to the Executive of any duties
or responsibilities (including reporting responsibilities) materially inconsistent with the Executive’s position as Chief Executive Officer, or any other action by the Company which results in a material diminution in such position or the
duties or responsibilities customarily associated with such position in a company of the size and nature of the Company; or 

(iii) a failure to elect or re-elect the Executive as a member of the Board; or 

(iv) any other material breach of this Agreement by the Company, including without limitation, a failure of the Company to make a health
care plan available to the Executive prior to the first anniversary of the Effective Date as set forth in Section 4(e)(ii) above. 
 In
order to invoke a termination for Good Reason, the Executive shall provide written notice to the Company of the existence of one or more of the conditions described in clauses (i) through (iii) within 30 days following the Executive’s
knowledge of the initial existence of such condition or conditions, specifying in reasonable detail the conditions constituting Good Reason, and the Company shall have 30 days following receipt of such written notice (the “Cure
Period”) during which it may remedy the condition if such condition is reasonably subject to cure. In the event that the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, the Executive’s
“separation from service” (within the meaning of Section 409A of the Code) must occur, if at all, within 60 days following such Cure Period in order for such termination as a result of such condition to constitute a termination for
Good Reason. 
 (d) Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason,
shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 12(g) of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which
(i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date (which date shall be not more than 30 days after the giving of
such notice or 30 days after the end of the Cure Period, if applicable, in the case of a termination by the Executive with Good Reason). The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance
which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing
the Executive’s or the Company’s rights hereunder. 
 (e) Date of Termination. “Date of
Termination” means (i) if the Executive’s employment is terminated by the Company other than for Cause or Disability, or by the Executive without Good Reason, the date of receipt of the Notice of Termination or any later

  
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date specified therein within 30 days of such notice, as the case may be, (ii) if the Executive’s employment is terminated by the Executive with Good Reason, a date that is no later
than 30 days after the Cure Period, if applicable, (iii) if the Executive’s employment is terminated by the Company for Cause, the Date of Termination shall be the date on which the Company, after providing the Executive’s Cure
Period, if applicable, notifies the Executive of such termination; and (iv) if the Executive’s employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability
Effective Date, as the case may be. 
 6. Obligations of the Company upon Termination. 

(a) Good Reason; Other Than for Cause or Death or Disability. If, during the Employment Period, the Company shall terminate the
Executive’s employment other than for Cause, death or Disability or if the Executive shall terminate his employment for Good Reason, subject to the Executive’s execution, delivery to the Company and non-revocation within 30 days of the
Date of Termination of a release of claims against the Company and its Affiliated Entities substantially in the form used by the Company in connection with executive employment terminations (and not imposing any post-employment restrictive covenant
other than to reaffirm any such restrictive covenant applicable under this Agreement), the Company shall pay to the Executive 40 days after the Date of Termination (except as otherwise required by law or provided below) or provide, as applicable,
the following: 
 (i) A lump sum cash payment consisting of: (A) the Executive’s Annual Base Salary
and accrued unused vacation through the Date of Termination to the extent not yet paid; (B) any annual Incentive Payment earned by the Executive for a prior award period, but not yet paid to the Executive, provided that (other than any
portion of such annual Incentive Payment that was previously deferred, which portion shall instead be paid in accordance with the applicable deferral arrangement and any election thereunder) such payment shall be made no later than the 15th day of the third month following the close of the fiscal year with
respect to which such Incentive Payment is earned (the sum of the amounts described in clauses (A) and (B) shall be hereinafter referred to as the “Accrued Obligations”); (C) three times the Executive’s Annual
Base Salary as in effect immediately prior to the Date of Termination (disregarding any reduction constituting Good Reason); and (D) three times the higher of (x) the Target Incentive Payment for the year in which the Date of Termination
occurs and (y) the Incentive Payment paid or payable to the Executive in respect of the fiscal year immediately prior to the year in which the Date of Termination occurs; 
 (ii) To the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is
eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and the Affiliated Entities through the Date of Termination, and shall pay such unreimbursed expenses incurred through the Date of Termination as
are subject to reimbursement pursuant to Section 4(f) (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits and Expenses”); and 

(iii) In the event the Date of Termination occurs following the occurrence of a Qualified Investment Transaction, the Initial Stock Option
and the time-based vesting portion of 

  
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 the Initial Restricted Stock Award granted to the Executive pursuant to Section 4(d) under the Equity
Plan shall immediately vest and become exercisable as of the Date of Termination (for the avoidance of doubt, in the event the Date of Termination occurs prior to the occurrence of a Qualified Investment Transaction, such awards shall be forfeited).

 (b) Death or Disability. If the Executive’s employment is terminated by reason of the Executive’s death or
Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than, if such termination occurs during the Employment Period, the obligation to pay or provide (i) the Accrued
Obligations and (ii) the timely payment or provision of the Other Benefits and Expenses. The Accrued Obligations, in the event of death, shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30
days of the Date of Termination. With respect to the provision of Other Benefits and Expenses, the term Other Benefits and Expenses as utilized in this Section 6(b) shall also include death or disability benefits under Company provided plans as
in effect on the date of the Executive’s death with respect to senior executives of the Company and their beneficiaries generally. 
 (c) Cause; Other than for Good Reason. If the Executive’s employment shall be terminated for Cause or the Executive terminates his employment without Good Reason during the Employment Period,
this Agreement shall terminate without further obligations to the Executive, other than, if such termination occurs during the Employment Period, the obligation to pay or provide (i) the Accrued Obligations (paid as set forth in
Section 6(b) above) and (ii) the timely payment or provision of the Other Benefits and Expenses. 
 (d) Effect of
Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the
Executive shall be deemed to have resigned from all such positions as of the date of his termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect
such resignation. 
 (e) Full Settlement. The payments and benefits provided under this Section 6 (including,
without limitation, the Other Benefits and Expenses) shall be in full satisfaction of the Company’s obligations to the Executive upon his termination of employment, notwithstanding the remaining length of the Employment Period, and in no event
shall the Executive be entitled to severance benefits (or other damages in respect of a termination of employment or claim for breach of this Agreement) beyond those specified in this Section 6. 

7. No Mitigation; No Offset. The Company’s obligation to make the payments provided for in this Agreement and otherwise to
perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to
seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, such amounts shall not be reduced whether or not the Executive obtains other employment.

  
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 8. Section 409A; EESA; Forfeiture. 

(a) Section 409A. 
 (i) General. It is intended that this Agreement shall comply with the provisions of Section 409A of the Code and the Treasury regulations relating thereto, or an exemption to Section 409A
of the Code. Any payments that qualify for the “short-term deferral” exception or another exception under Section 409A of the Code shall be paid under the applicable exception. For purposes of the limitations on nonqualified deferred
compensation under Section 409A of the Code, each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the Section 409A of the Code deferral election rules and the
exclusion under Section 409A of the Code for certain short-term deferral amounts. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” under Section 409A
of the Code. In no event may the Executive, directly or indirectly, designate the calendar year of any payment under this Agreement. Within the time period permitted by the applicable Treasury Regulations (or such later time as may be permitted
under Section 409A or any IRS or Department of Treasury rules or other guidance issued thereunder), the Company may, in consultation with the Executive, modify the Agreement in order to cause the provisions of the Agreement to comply with the
requirements of Section 409A of the Code, so as to avoid the imposition of taxes and penalties on the Executive pursuant to Section 409A of the Code (to the extent economically more advantageous to the Executive than the imposition of any
taxes and penalties). 
 (ii) In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in this
Agreement, all (A) reimbursements and (B) in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that
(w) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (x) the amount of expenses eligible for reimbursement, or in kind benefits provided,
during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (y) the reimbursement of an eligible expense will be made no later than the last day of the calendar
year following the year in which the expense is incurred; and (z) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. 

(iii) Delay of Payments. Notwithstanding any other provision of this Agreement to the contrary, if the Executive is considered a
“specified employee” for purposes of Section 409A (as determined in accordance with the methodology established by the Company as in effect on the date of termination), (A) any payment that constitutes nonqualified deferred
compensation within the meaning of Section 409A of the Code that is otherwise due to the Executive under this Agreement during the six-month period following his separation from service (as determined in accordance with Section 409A of the
Code) on account of his separation from service shall be accumulated and paid to Executive on the first business day of the seventh month following his separation from service (the “Delayed Payment Date”) and (B) in the event
any equity compensation awards held by the Executive that vest or are to be settled upon termination of the Executive’s employment constitute nonqualified deferred compensation within the meaning of Section 409A of the Code, the delivery
of shares of 

  
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common stock (or cash) as applicable in settlement of such awards shall be made on the earliest permissible payment date (including the Delayed Payment Date) or event under Section 409A on
which the shares (or cash) would otherwise be delivered or paid. The Executive shall be entitled to interest on any delayed cash payments from the date of termination to the Delayed Payment Date at a rate equal to the applicable federal short-term
rate in effect under Code Section 1274(d) for the month in which the Executive’s separation from service occurs. If the Executive dies during the postponement period, the amounts and entitlements delayed on account of Section 409A
shall be paid to the personal representative of his estate on the first to occur of the Delayed Payment Date or 30 days after the date of the Executive’s death. 
 (iv) Separation from Service. Despite any contrary provision of this Agreement, any references to termination of employment or the Executive’s Date of Termination shall mean and refer to the
date of his “separation from service,” as that term is defined in Section 409A of the Code and Treasury Regulation Section 1.409A-1(h). 
 (b) EESA. The Company and the Executive mutually acknowledge that the terms of this Agreement shall be subject to and limited by any requirements or limitations that may apply under any applicable
law, including the Emergency Economic Stabilization Act of 2008 as amended from time to time, including as amended by the American Recovery and Reinvestment Act of 2009 (“EESA”). The Company represents to the Executive that the
Company is not on the date hereof subject to any restriction under EESA which reduces, postpones or restricts the payment of any compensation, separation payment or other amount provided under this Agreement (and related equity award agreements).
The Executive acknowledges, understands and agrees that the Executive may be subject to the provisions and limitations of EESA and the rules, regulations and guidance issued thereunder (including without limitation the Interim Final Rule issued by
the Department of the Treasury (the “Department”) under Interim Rule 31 CFR Part 30) (the “EESA Guidance”) in the event the Department or any other government entity holds any of the Company’s or its Affiliates
Entities equity or debt pursuant to the terms of EESA and the EESA Guidance. Accordingly, if the Company becomes subject to EESA and the Executive is an individual at the Company for whom EESA compliance is required (an “EESA
Event”), the Executive agrees that his rights to compensation under this Agreement and participation in the Company’s benefit and compensation arrangements (the Agreement and any and all such arrangements, collectively, the
“Benefit Plans”) will be limited to the minimum extent required to ensure that such arrangements comply with and are administered in accordance with the provisions of EESA and the EESA Guidance. Accordingly, the Executive hereby
(A) acknowledges and understands that, in the event of an EESA Event, any compensation payable to him under any Benefit Plan, including without limitation under this Agreement, shall be subject to EESA and the EESA Guidance, including, without
limitation, (1) the potential for clawback of any bonus or incentive compensation paid to the Executive under any Benefit Plan (including any Incentive Payment) in contravention of EESA or the EESA Guidance, and (2) the potential for the
reduction or elimination of the amounts payable and benefits provided to the Executive under Sections 4 and 6 of this Agreement as a result of the limitations and prohibitions of EESA and the EESA Guidance, (B) consents to any future
modifications and limitations with respect to and under the Benefit Plans to the extent necessary to ensure compliance with EESA and the EESA Guidance, (C) agrees that any plan, program, policy, agreement or arrangement of the Company and its
affiliates and this Agreement shall be treated as a Benefit Plan for purposes of such limitations, (D) voluntarily waives any claim 

  
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against the Company for any changes to the Executive’s compensation or benefits that are required to comply with the EESA Guidance as in effect from time to time, (E) agrees that such
waiver and consent shall constitute a part of and be integrated with this Agreement, (F) agrees to execute, acknowledge and deliver such documents or instruments and take such other actions as may be reasonably necessary to effectuate the
foregoing; and (G) agrees that in no event shall the Executive have the right to claim a breach of this Agreement or the terms of any Benefit Plan, if such claim is due to or arises from the Company’s compliance or alleged failure to
comply with applicable law, including without limitation EESA and the EESA Guidance. 
 (c) Forfeiture. Notwithstanding
any other provisions of this Agreement and in addition to and not in contravention of the clawback provision applicable to the Executive under the EESA Guidance or other applicable law: 

(i) If the Company is required to prepare an accounting restatement due to material noncompliance of the Company as a result of
misconduct, with any financial reporting requirement under the Federal securities laws, the Executive shall reimburse the Company for (A) all amounts received under any incentive compensation plans from the Company, during the 12 month period
following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial document embodying such financial reporting requirement, that are in excess of the amounts the Executive would have
been entitled to had the initial such financial document been issued or filed consistent with such accounting restatement and (B) any gains realized from the sale of securities of the Company during that twelve (12) month period, unless
the application of this provision has been exempted by the Securities and Exchange Commission; 
 (ii) If the Executive is found
guilty of misconduct by any judicial or administrative authority in connection with any (A) formal investigation by the Securities and Exchange Commission or (B) other federal or state regulatory investigation, the Compensation Committee
may require the repayment of any gain realized on the exercise of an award under any equity compensation plan without regard to the timing of the determination of misconduct in relation to the timing of the exercise of the award. 

9. Limitation on Payments Under Certain Circumstances. 
 (a) Anything in this Agreement to the contrary notwithstanding, in the event the Accounting Firm (as defined below) shall determine that receipt of all Payments (as defined below) would subject the
Executive to the excise tax under Section 4999 of the Code, the Accounting Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Agreement (the “Agreement Payments”) so that the Parachute
Value (as defined below) of all Payments, in the aggregate, equals the Safe Harbor Amount (as defined below). The Agreement Payments shall be so reduced only if the Accounting Firm determines that the Executive would have a greater Net After-Tax
Receipt (as defined below) of aggregate Payments if the Agreement Payments were so reduced. If the Accounting Firm determines that the Executive would not have a greater Net After-Tax Receipt (as defined below) of aggregate Payments if the Agreement
Payments were so reduced, the Executive shall receive all Agreement Payments to which the Executive is entitled hereunder. 

  
 -11-

 (b) If the Accounting Firm determines that aggregate Agreement Payments should be reduced
so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount, the Company shall promptly give the Executive notice to that effect and a copy of the detailed calculation thereof. All determinations made by the
Accounting Firm under this Section 9 shall be binding upon the Company and the Executive and shall be made as soon as reasonably practicable and in no event later than 15 days following the Date of Termination. For purposes of reducing the
Agreement Payments so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if
applicable, shall be made by reducing the payments and benefits under the following sections in the following order: (i) first, any Payments under Section 6(a)(1)(C); (ii) second, any other cash Payments that would be made upon a
termination of the Executive’s employment, beginning with payments that would be made last in time; (iii) third, all rights to payments, vesting or benefits in connection with any options to purchase Common Stock that are performance-based
vesting awards; (iv) fourth, all rights to payments, vesting or benefits in connection with any restricted stock awards that are performance-based vesting awards; (v) fifth, all rights to payments, vesting or benefits in connection with
any options to purchase Common Stock that are time-based vesting awards; and (vi) sixth, all rights to any other payments or benefits shall be reduced, beginning with payments or benefits that would be received last in time. All fees and
expenses of the Accounting Firm shall be borne solely by the Company. 
 (c) As a result of the uncertainty in the application
of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that amounts will have been paid or distributed by the Company to or for the benefit of the Executive pursuant to this
Agreement which should not have been so paid or distributed (“Overpayment”) or that additional amounts which will have not been paid or distributed by the Company to or for the benefit of the Executive pursuant to this Agreement
could have been so paid or distributed (“Underpayment”), in each case, consistent with the calculation of the Safe Harbor Amount hereunder. In the event that the Accounting Firm, based upon the assertion of a deficiency by the
Internal Revenue Service against either the Company or the Executive which the Accounting Firm believes has a high probability of success, determines that an Overpayment has been made, the Executive shall pay promptly (and in no event later than 60
days following the date on which the Overpayment is determined) pay any such Overpayment to the Company together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code; provided, however, that
no amount shall be payable by the Executive to the Company if and to the extent such payment would not either reduce the amount on which the Executive is subject to tax under Section 1 and Section 4999 of the Code or generate a refund of
such taxes. In the event that the Accounting Firm, based upon controlling precedent or substantial authority, determines that an Underpayment has occurred, any such Underpayment shall be paid promptly (and in no event later than 60 days following
the date on which the Underpayment is determined) by the Company to or for the benefit of the Executive together with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code. 

(d) To the extent requested by the Executive, the Company shall cooperate with the Executive in good faith in valuing, and the Accounting
Firm shall take into account the value of, services provided or to be provided by the Executive (including without limitation, the Executive’s agreeing to refrain from performing services pursuant to a covenant not to compete

  
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or similar covenant, including that set forth in Section 7 of this Agreement) before, on or after the date of a change in ownership or control of the Company (within the meaning of
Q&A-2(b) of the final regulations under Section 280G of the Code), such that payments in respect of such services may be considered reasonable compensation within the meaning of Q&A-9 and Q&A-40 to Q&A-44 of the final
regulations under Section 280G of the Code and/or exempt from the definition of the term “parachute payment” within the meaning of Q&A-2(a) of the final regulations under Section 280G of the Code in accordance with
Q&A-5(a) of the final regulations under Section 280G of the Code. 
 (e) Definitions. The following terms shall
have the following meanings for purposes of this Section 9. 
 (i) “Accounting Firm” shall
mean a nationally recognized certified public accounting firm that is selected by the Company for purposes of making the applicable determinations hereunder and is reasonably acceptable to the Executive, which firm shall not, without the
Executive’s consent, be a firm serving as accountant or auditor for the individual, entity or group effecting the Change of Control. 
 (ii) “Net After-Tax Receipt” shall mean the present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Payment net of all taxes imposed on
the Executive with respect thereto under Sections 1 and 4999 of the Code and under applicable state and local laws, determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to the
Executive’s taxable income for the immediately preceding taxable year, or such other rate(s) as the Accounting Firm determined to be likely to apply to the Executive in the relevant tax year(s). 

(iii) “Parachute Value” of a Payment shall mean the present value as of the date of the change of
control for purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2) of the Code, as determined by the Accounting Firm for purposes of determining whether
and to what extent the Excise Tax will apply to such Payment. 
 (iv) “Payment” shall mean any
payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise. 

(v) “Safe Harbor Amount” shall mean 2.99 times the Executive’s “base amount,” within the
meaning of Section 280G(b)(3) of the Code. 
 10. Restrictive Covenants. 

(a) Return of Company Property. Upon his termination of employment for any reason, the Executive shall promptly return to the
Company any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and the Executive shall also return all writings, files, records, correspondence, notebooks, notes and other documents and things
(including any copies thereof) containing confidential information or 

  
 -13-

 
relating to the business or proposed business of the Company or the Affiliated Entities or containing any trade secrets relating to the Company or the Affiliated Entities except any personal
diaries, calendars, rolodexes or personal notes or correspondence. For purposes of the preceding sentence, the term “trade secrets” shall have the meaning ascribed to it under the Uniform Trade Secrets Act. The Executive agrees to
represent in writing to the Company upon termination of employment that he has complied with the foregoing provisions of this Section 10(a). 
 (b) Mutual Nondisparagement. The Executive and the Company each agree that, following the Executive’s termination of employment, neither the Executive, nor the Company will make any public
statements which materially disparage the other party. The Company shall not be liable for any breach of its obligations under this paragraph if it informs its directors and executive officers, as such term is defined in Rule 3b-7 promulgated under
the Securities Exchange Act of 1934, as amended, of the content of its covenant hereunder and takes reasonable measures to ensure that such individuals honor the Company’s agreement. Notwithstanding the foregoing, nothing in this
Section 10(b) shall prohibit any person from making truthful statements when required by order of a court or other governmental or regulatory body having jurisdiction or to enforce any legal right including, without limitation, the terms of
this Agreement. 
 (c) Confidential Information. The Executive agrees that, during his employment with the Company and at
all times thereafter, he shall hold for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of the Affiliated Entities, and their respective businesses, which shall have been obtained
by the Executive during the Executive’s employment by the Company or during his consultation with the Company after his termination of employment, and which shall not be or become public knowledge (other than by acts by the Executive or
representatives of the Executive in violation of this Agreement). Except in the good faith performance of his duties for the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or
legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it. 
 (d) Nonsolicitation. The Executive agrees that, while he is employed by the Company and during the one-year period following his termination of employment with the Company (the “Restricted
Period”), the Executive shall not directly or indirectly, (i) solicit any individual who is, on the Date of Termination (or was, during the six-month period prior to the Date of Termination), employed by the Company or the Affiliated
Entities to terminate or refrain from renewing or extending such employment or to become employed by or become a consultant to any other individual or entity other than the Company or the Affiliated Entities, (ii) initiate discussion with any
such employee or former employee for any such purpose or authorize or knowingly cooperate with the taking of any such actions by any other individual or entity on behalf of the Executive’s employer or (iii) induce or attempt to induce any
customer or investor (in each case, whether former, current or prospective), supplier, licensee or other business relation of the Company or any of the Affiliated Entities to cease doing business with the Company or such Affiliated Entity, or in any
way interfere with the relationship between any such customer, investor, supplier, licensee or business relation, on the one hand, and the Company or any Affiliated Entity, on the other hand. 

  
 -14-

 (e) Noncompetition. The Executive agrees that, during the Restricted Period, he will
not engage in Competition (as defined below). The Executive shall be deemed to be engaging in “Competition” if he, directly or indirectly, any where in the continental United States, owns, manages, operates, controls or participates
in the ownership, management, operation or control of or is connected as an officer, employee, partner, director, consultant or otherwise with, or has any financial interest in, any business (whether through a corporation or other entity) engaged in
the commercial banking business, or in any other financial services business representing both (i) more than 15% of the gross operating revenues of the Company for the Company’s completed fiscal year immediately preceding the Date of
Termination and (ii) more than 15% of the gross operating revenues for the completed fiscal year immediately preceding the Date of Termination of the purported competitor, that is competitive with the corresponding business conducted by the
Company or any of its subsidiaries. Ownership for personal investment purposes only of less than 2% of the voting stock of any publicly held corporation shall not constitute a violation hereof. 

Notwithstanding the foregoing, the restriction above shall not prohibit the Executive from employment with any subsidiary, division,
affiliate or unit of an entity (a “Related Unit”) if that Related Unit does not engage in business that is in Competition with the Company, irrespective of whether some other Related Unit of that entity competes with the Company (as
long as the Executive does not engage in or assist in the activities of any Related Unit which competes with the Company). 

(f) Equitable Remedies. The Executive acknowledges that the Company would be irreparably injured by a violation of
Section 10(b), (c), (d) or (e) and he agrees that the Company, in addition to any other remedies available to it for such breach or threatened breach, on meeting the standards required by law, shall be entitled to a preliminary
injunction, temporary restraining order, or other equivalent relief, restraining the Executive from any actual or threatened breach of Section 10(b), (c), (d) or (e). If a bond is required to be posted in order for the Company to secure an
injunction or other equitable remedy, the parties agree that said bond need not be more than a nominal sum. 
 (g)
Severability; Blue Pencil. The Executive acknowledges and agrees that he has had the opportunity to seek advice of counsel in connection with the Agreement and the restrictive covenants contained herein are reasonable in geographical scope
temporal duration and in all other respects. If it is determined that any provision of this Section 10 is invalid or unenforceable, the remainder of the provisions of this Section 10 shall not thereby be affected and shall be given full
effect, without regard to the invalid portions. If any court or other decision-maker of competent jurisdiction determines that any of the covenants in this Section 10 is unenforceable because of the duration or geographic scope of such
provision, then after such determination becomes final and unappealable, the duration or scope of such provision, as the case may be, shall be reduced so that such provision becomes enforceable, and in its reduced for, such provision shall be
enforced. 
 11. Successors. 
 (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive. This Agreement and any 

  
 -15-

 rights and benefits hereunder shall inure to the benefit of and be enforceable by the Executive’s legal
representatives, heirs or legatees. This Agreement and any rights and benefits hereunder shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

(b) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume expressly and agree to satisfy all of the obligations under this Agreement in the same manner and to the same extent that the Company would be required to satisfy such
obligations if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform
this Agreement by operation of law, or otherwise. 
 12. Miscellaneous. 

(a) Amendment. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto
or their respective successors and legal representatives. 
 (b) Withholding. The Company may withhold from any amounts
payable under this Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (c) Applicable Law. The provisions of this Agreement shall be construed in accordance with the internal laws of the State of Delaware, without regard to the conflict of law provisions of any state.

 (d) Dispute Resolution. Any controversy or claim arising out of or relating to this Agreement or the breach of this
Agreement (other than a controversy or claim arising under Section 10 of this Agreement) that is not resolved by the Executive and the Company shall be submitted to arbitration in the Boston, Massachusetts area in accordance with Delaware law
and the procedures of the American Arbitration Association. The determination of the arbitrator shall be conclusive and binding on the Company and the Executive and judgment may be entered on the arbitrator(s)’ awards in any court having
competent jurisdiction. In the event any controversy or claim under this Agreement (or the stock option or restricted stock awards agreements attached hereto) commences during the Employment Period or within five years following the Date of
Termination, to the full extent permitted by law, the Company shall pay all reasonable and documented attorneys fees and other reasonable and documented litigation/arbitration costs and expenses incurred by the Executive in connection with such
claim or controversy, provided that the Executive prevails on at least one material issue in such proceeding, and, provided further, that in no event shall the Company be obligated to pay more than $100,000 in the aggregate for all
such fees, costs and expenses. 
 (e) Severability. The invalidity or unenforceability of any provision of this Agreement
will not affect the validity or enforceability of any other provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted (but only to the extent that such provision cannot be
appropriately reformed or modified). 

  
 -16-

 (f) Waiver of Breach. No waiver by any party hereto of a breach of any provision of
this Agreement by any other party, or of compliance with any condition or provision of this Agreement to be performed by such other party, will operate or be construed as a waiver of any subsequent breach by such other party of any similar or
dissimilar provisions and conditions at the same or any prior or subsequent time. The failure of any party hereto to take any action by reason of such breach will not deprive such party of the right to take action at any time while such breach
continues. 
 (g) Notices. Notices and all other communications provided for in this Agreement shall be in writing and
shall be delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid, or prepaid overnight courier to the parties at the addresses set forth below (or such other addresses as shall be specified by the
parties by like notice): 
  

			
	to the Company:	 	 Lawrence K. Fish
 NBH Holdings
Corp
 Two International Place

23rd Floor, Suite 2302
 Boston, MA 02110

		
	or to the Executive:	 	 G. Timothy Laney
 At the
address last on the records of the Company

 Such notices, demands, claims and other communications shall be deemed given in the case of delivery by
overnight service with guaranteed next day delivery, the next day or the day designated for delivery or, in the case of certified or registered U.S. mail, five days after deposit in the U.S. mail; provided, however, that in no event shall any
such communications be deemed to be given later than the date they are actually received. 
 (h) Survivorship. Upon the
expiration or other termination of this Agreement, the respective rights and obligations of the parties hereto shall survive such expiration or other termination to the extent necessary to carry out the intentions of the parties under this
Agreement. 
 (i) Entire Agreement. From and after the Effective Date, this Agreement shall supersede any other agreement
or understanding between the parties with respect to the subject matter hereof. The obligations under this Agreement are enforceable solely against the Company and its Affiliated Entities, and in no event shall this Agreement be enforceable against
any shareholder of, or investor in, the Company. 
 (j) Counterparts. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

(k) Representations by the Executive. The Executive hereby warrants that he has the full authority to execute and enter into this
Agreement and that his execution of this Agreement and commencement of employment with the Company shall not contravene any 

  
 -17-

 
obligations he may have to any prior employer. The Executive represents and warrants that he has disclosed to the Company all provisions in any agreements with his current employer that purport
to restrict his activities following employment with such employer and that he is subject to no agreement or restriction that would limit his ability to execute and deliver this Agreement or serve in the capacities and fully perform the services
contemplated herein. 

  
 -18-

 IN WITNESS THEREOF, the Executive has hereunto set his hand, and the Company has caused
these presents to be executed in its name and on its behalf, all as of the day and year first above written. 
  

									
		 		 		 	NBH HOLDINGS CORP.
					
	 Dated:
	 	 5/22/10
	 		 	By:	 	/s/ Lawrence K. Fish
		 		 		 	Name:	 	Lawrence K. Fish
		 		 		 	Title:	 	Acting Chief Executive Officer
				
		 		 		 	G. TIMOTHY LANEY
				
	 Dated:
	 	 May 22, 2010
	 		 	 /s/ G. Timothy Laney

		 		 		 		 	
		 		 		 		 	

  
 -19-

 EXHIBIT A 
 [Attach Initial Stock Option Award] 

  
 -20-

 EXHIBIT B 
 [Attach Initial Restricted Stock Award] 

  
 -21-FORM OF INDEMNIFICATION AGREEMENT

 Exhibit 10.6 
 FORM OF INDEMNIFICATION AGREEMENT 
 AGREEMENT, dated as of [—], 2012, by and between National Bank Holdings Corp., a corporation organized under the laws of the State of Delaware (the “Company”), and the undersigned (the
“Indemnitee”). 
 WHEREAS, it is essential to the Company to retain and attract as directors and officers the
most capable persons available; 
 WHEREAS, the Indemnitee is a director and/or officer of the Company; 

WHEREAS, the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and
officers of companies in today’s environment; 
 WHEREAS, Section 145 of the Delaware General Corporation Law, the
Company’s Amended and Restated Certificate of Incorporation (“Charter”), and the Company’s Bylaws, as amended (“Bylaws”), authorize the Company to indemnify and advance expenses to its directors and
officers to the extent provided therein, and the Indemnitee serves as a director and/or officer of the Company, in part, in reliance on such provisions; 
 WHEREAS, the Company has determined that its inability to retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company, and that Company
therefore should seek to assure such persons that indemnification and insurance coverage will be available in the future; and 

WHEREAS, in recognition of the Indemnitee’s need for substantial protection against personal liability in order to enhance the
Indemnitee’s continued service to the Company in an effective manner and the Indemnitee’s reliance on the Company’s Charter and Bylaws, and in part to provide the Indemnitee with specific contractual assurance that the protection
promised by the Company’s Charter and Bylaws will be available to the Indemnitee (regardless of, among other things, any amendment to or revocation of the applicable provisions of the Company’s Charter and Bylaws or any change in the
composition of the governing bodies of the Company or any acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to the Indemnitee to the fullest
extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of the Indemnitee under the directors’ and officers’ liability insurance
policy of the Company. 
 NOW, THEREFORE, in consideration of the premises and of the Indemnitee continuing to serve the Company
directly or, on its behalf or at its request, as an officer, director, manager, member, partner, fiduciary or trustee of, or in a similar capacity with, another Person (as defined below) or any employee benefit plan, and intending to be legally
bound hereby, the parties hereto agree as follows: 
 1. Certain Definitions. In addition to terms defined elsewhere
herein, the following terms have the following meanings when used in this Agreement: 
  

	 	(a)	Agreement: means this Indemnification Agreement, as amended from time to time hereafter. 

	 	(b)	Board of Directors: means the Board of Directors of the Company. 

  

	 	(c)	Change in Control: shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing thirty three and one third percent
(33-1/3%) or more of the total voting power represented by the Company’s then outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of
Directors and any new director 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 (2/3) 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 a majority thereof or (iii) the stockholders of the Company approve a merger or consolidation
of the Company with any other corporation, other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into Voting Securities of the surviving entity) at least 50% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the
stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all or substantially all of the Company’s assets.

  

	 	(d)	Claim: means any threatened, asserted, pending or completed civil, criminal, administrative, investigative or other action, suit or proceeding of any kind
whatsoever, including any arbitration or other alternative dispute resolution mechanism, or any appeal of any kind thereof, or any inquiry or investigation, whether instituted by the Company, any governmental agency or any other party, that the
Indemnitee in good faith believes might lead to the institution of any such action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any arbitration or other alternative dispute resolution mechanism.

  
 -2-

	 	(e)	Indemnifiable Expenses: means (i) all expenses and liabilities, including judgments, fines, penalties, interest, amounts paid in settlement with the
approval of the Company, and counsel fees and disbursements (including, without limitation, experts’ fees, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier
charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim relating to any Indemnifiable
Event by reason of the fact that Indemnitee is, was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve on behalf of or
at the request of the Company as a director, officer, manager, member, partner, fiduciary, trustee or in a similar capacity of another Person, or by reason of any action alleged to have been taken or omitted in any such capacity, whether occurring
before, on or after the date of this Agreement (any such event, an “Indemnifiable Event”), (ii) any liability pursuant to a loan guaranty (other than a loan guaranty given in a personal capacity) or otherwise, for any
indebtedness of the Company or any subsidiary of the Company, including, without limitation, any indebtedness which the Company or any subsidiary of the Company has assumed or taken subject to, and (iii) any liabilities which an Indemnitee
incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in connection with the operation, administration or maintenance of an employee benefit plan or any related trust or funding mechanism (whether such
liabilities are in the form of excise taxes assessed by the United States Internal Revenue Service, penalties assessed by the United States Department of Labor, restitutions to such a plan or trust or other funding mechanism or to a participant or
beneficiary of such plan, trust or other funding mechanism, or otherwise). 

  

	 	(f)	Independent Legal Counsel: means an attorney or firm of attorneys (following a Change in Control, selected in accordance with the provisions of Section 2(h)
hereof), who is experienced in the matters of corporate law and who shall not have otherwise performed services for the Company or the Indemnitee within the last five years (other than with respect to matters concerning the rights of the Indemnitee
under this Agreement, or of other indemnitees under similar indemnity agreements). 

  

	 	(g)	Loss: means all losses, Claims, damages, fines, or penalties, including, without limitation, any legal or other expenses (including, without limitation, any
legal fees, judgments, fines, appeal bonds or related expenses) incurred in connection with defending, investigating or settling any Claim, fine, penalty or similar action. 

  
 -3-

	 	(h)	Person: means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization,
governmental entity or other entity. 

  

	 	(i)	Reviewing Party: means any appropriate person or body consisting of a member or members of the Board of Directors or any other person or body appointed by the
Board of Directors who is not a party to the particular Claim for which the Indemnitee is seeking indemnification, or Independent Legal Counsel. 

  

	 	(j)	Voting Securities: means any securities of the Company which vote generally in the election of directors. 

2. Basic Indemnification Arrangement; Advancement of Indemnifiable Expenses. 

(a) In the event that the Indemnitee was, is or becomes a party to, or witness or other participant in, or is threatened to be made a
party to, or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or cause such Indemnitee to be indemnified, to the fullest extent permitted by the
laws of the State of Delaware in effect on the date hereof and as amended from time to time, and shall hold the Indemnitee harmless from and against all Losses that arise by reason of (or arising in part out of) an Indemnifiable Event;
provided, however, that no change in the laws of the State of Delaware shall have the effect of reducing the benefits available to the Indemnitee hereunder based on the laws of the State of Delaware as in effect on the date hereof or
as such benefits may improve as a result of amendments after the date hereof. The rights of the Indemnitee provided in this Section 2 shall include, without limitation, the rights set forth in the other sections of this Agreement. Payments of
Indemnifiable Expenses shall be made as soon as practicable but in any event no later than twenty (20) calendar days after written demand is presented to the Company. 
 (b) Upon request by the Indemnitee, the Company shall advance, or cause to be advanced, any and all Indemnifiable Expenses incurred by the Indemnitee (an “Expense Advance”) on the terms
and subject to the conditions of this Agreement, as soon as practicable but in any event no later than five (5) business days after written demand, together with supporting documentation, is presented to the Company. The Company shall, in
accordance with such request (but without duplication), either (i) pay, or cause to be paid, such Indemnifiable Expenses on behalf of the Indemnitee, or (ii) reimburse, or cause the reimbursement of, the Indemnitee for such Indemnifiable
Expenses. The Indemnitee’s right to an Expense Advance is absolute and shall not be subject to any condition that the Reviewing Party shall not have determined that the Indemnitee is not entitled to be indemnified under applicable law. However,
the obligation of the Company to make an Expense Advance pursuant to this Section 2(b) shall be subject to the condition that, if, when and to the extent that a final judicial determination is made (as to which all rights of appeal therefrom
have been exhausted or lapsed) that the Indemnitee is not entitled to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
theretofore paid (it being understood and agreed that the foregoing agreement by the Indemnitee shall be deemed to satisfy any requirement that the Indemnitee provide the 

  
 -4-

 
Company with an undertaking to repay any Expense Advance if it is ultimately determined that the Indemnitee is not entitled to indemnification under applicable law). The Indemnitee’s
undertaking to repay such Expense Advances shall be unsecured and interest-free. 
 (c) Notwithstanding anything in this
Agreement to the contrary, the Indemnitee shall not be entitled to indemnification or advancement of Indemnifiable Expenses pursuant to this Agreement in connection with any Claim initiated by the Indemnitee unless (i) the Company has joined in
or the Board of Directors has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce the Indemnitee’s rights under this Agreement (including an action pursued by the Indemnitee to secure a determination
that the Indemnitee should be indemnified under applicable law). 
 (d) The indemnification obligations of the Company under
Section 2(a) shall be subject to the condition that the Reviewing Party shall not have determined in a written legal opinion, in any case in which the Independent Legal Counsel is involved following a Change of Control as required by
Section 2(h), that the indemnification of the Indemnitee is not proper in the circumstances because the Indemnitee is not entitled to be indemnified under applicable law. If the Reviewing Party determines that the Indemnitee is not entitled to
be indemnified in whole or in part under applicable law, the Indemnitee shall have the right to commence litigation in any court in the State of Delaware having subject matter jurisdiction thereof and in which venue is proper, seeking an initial
determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding.
If the Indemnitee commences legal proceedings in a court of competent jurisdiction to secure a determination that the Indemnitee should be indemnified under applicable law, any determination made by the Board of Directors that the Indemnitee is not
entitled to be indemnified under applicable law shall not be binding, the Indemnitee shall continue to be entitled to receive Expense Advances, and the Indemnitee shall not be required to reimburse the Company for any Expense Advance, until a final
judicial determination is made in the Claim (as to which all rights of appeal therefrom have been exhausted or lapsed) that the Indemnitee is not entitled to be so indemnified under applicable law. Any determination by the Reviewing Party otherwise
shall be conclusive and binding on the Company and the Indemnitee. 
 (e) To the extent that the Indemnitee has been successful
on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all
Indemnifiable Expenses actually and reasonably incurred in connection therewith, notwithstanding an earlier determination by the Reviewing Party that the Indemnitee is not entitled to indemnification under applicable law. 

(f) Notwithstanding anything to the contrary herein, the Company shall not be obligated pursuant to the terms of this Agreement to
indemnify Indemnitee for any acts or omissions or transactions from which a director, officer, employee or agent may not be relieved of liability under applicable law. 
 (g) Notwithstanding any other provisions contained herein, this Agreement and the rights and obligations of the parties hereto are subject to the requirements, limitations

  
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and prohibitions set forth in state and federal laws, rules, regulations, and orders regarding indemnification and prepayment of expenses, legal or otherwise, and liabilities, including, without
limitation, Section 145 of the Delaware General Corporation Law, Section 18(k) of the Federal Deposit Insurance Act and Part 359 of the Federal Deposit Insurance Corporation’s Rules and Regulations and any successor regulations
thereto. 
 (h) The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which has
been approved by a majority of the directors on the Board of Directors who were directors immediately prior to such Change in Control) then with respect to all matters thereafter arising concerning the rights of the Indemnitee to indemnity payments
and Expense Advances under this Agreement or any provision of the Charter or Bylaws hereafter in effect relating to Claims for Indemnifiable Events, the Company shall seek legal advice only from Independent Legal Counsel selected by the Indemnitee
and approved by the Company (which approval shall not be unreasonably delayed, conditioned or withheld). Such counsel, among other things, shall render its written opinion to the Company and the Indemnitee as to whether and to what extent the
Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the Independent Legal Counsel and to indemnify fully such counsel against any and all expenses (including attorneys’ fees),
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 3.
Indemnification for Additional Expenses. The Company shall indemnify, or cause the indemnification of, the Indemnitee against any and all Indemnifiable Expenses and, if requested by the Indemnitee, shall advance such Indemnifiable Expenses to
the Indemnitee subject to and in accordance with Section 2, which are incurred by the Indemnitee in connection with any action brought by the Indemnitee, the Company or any other Person with respect to the Indemnitee’s right to:
(i) indemnification or an Expense Advance by the Company under this Agreement or any provision of the Company’s Charter and/or Bylaws and/or (ii) recovery under any directors’ and officers’ liability insurance policies
maintained by the Company, regardless of whether the Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be; provided that the Indemnitee shall be required to reimburse
such Indemnifiable Expenses in the event that a final judicial determination is made in the Claim (as to which all rights of appeal therefrom have been exhausted or lapsed) that such action brought by the Indemnitee, or the defense by the Indemnitee
of an action brought by the Company or any other Person, as applicable, was frivolous or in bad faith. 
 4. Partial
Indemnity, Etc. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Indemnifiable Expenses in respect of a Claim but not, however, for all of the total amount
thereof, the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled. 

5. Burden of Proof. In connection with any determination by the Reviewing Party, any court or otherwise as to whether the
Indemnitee is entitled to be indemnified hereunder, the Reviewing Party, court, any finder of fact or other relevant person shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and
the burden of proof shall be on the Company or its representative to establish, by clear and convincing evidence, that the Indemnitee is not so entitled. 

  
 -6-

 6. Reliance as Safe Harbor. The Indemnitee shall be entitled to indemnification for
any action or omission to act undertaken (a) in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to the Indemnitee by the officers or
employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person as to matters the Indemnitee reasonably believes are within such other Person’s professional
or expert competence, or (b) on behalf of the Company in furtherance of the interests of the Company in good faith in reliance upon, and in accordance with, the advice of legal counsel or accountants, provided such legal counsel or accountants
were selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any other director, officer, agent or employee of the Company shall not be imputed to the Indemnitee for purposes of
determining the right to indemnity hereunder. 
 7. No Other Presumptions. For purposes of this Agreement, the
termination of any Claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not create a presumption that the
Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a
determination as to whether the Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that the Indemnitee has not met such standard of conduct or did not have such
belief, prior to the commencement of legal proceedings by the Indemnitee to secure a judicial determination that the Indemnitee should be indemnified under applicable law shall be a defense to the Indemnitee’s claim or create a presumption that
the Indemnitee has not met any particular standard of conduct or did not have any particular belief. 
 8. Nonexclusivity,
Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights the Indemnitee may have under the Charter and Bylaws, the laws of the State of Delaware, or otherwise. To the extent that a change in the laws of the State of
Delaware or the interpretation thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Charter and Bylaws, it is the intent of the parties hereto that the Indemnitee
shall enjoy by this Agreement the greater benefits so afforded by such change. To the extent that there is a conflict or inconsistency between the terms of this Agreement and the Charter or Bylaws, it is the intent of the parties hereto that the
Indemnitee shall enjoy the greater benefits regardless of whether contained herein, in the Charter or Bylaws. No amendment or alteration of the Charter or Bylaws or any other agreement shall adversely affect the rights provided to Indemnitee under
this Agreement. 
 9. Liability Insurance. The Company shall use its reasonable best efforts to purchase and maintain a
policy or policies of insurance with reputable insurance companies with A.M. Best ratings of “A” or better, providing Indemnitee with coverage for any liability asserted against, or incurred by, Indemnitee or on Indemnitee’s behalf by
reason of the fact that Indemnitee is or was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has

  
 -7-

 
agreed to serve on behalf of or at the request of the Company as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, fiduciary, partner or manager or
similar capacity) of another corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, or arising out of Indemnitee’s status as such, whether or not the Company would have the power to
indemnify Indemnitee against such liability under the provisions of this Agreement. Such insurance policies shall have coverage terms and policy limits at least as favorable to Indemnitee as the insurance coverage provided to any other director or
officer of the Company. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action, suit or proceeding, the Company shall give prompt notice of the commencement of such
action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as
a result of such proceeding in accordance with the terms of such policy. 
 10. Period of Limitations. No legal action
shall be brought and no cause of action shall be asserted by or in the right of the Company against the Indemnitee, the Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date
of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter
period of limitations is otherwise applicable to any such cause of action such shorter period shall govern. 
 11.
Amendments, Etc. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. In the event the Company or any of its subsidiaries enters into an indemnification agreement with another director, officer, agent,
fiduciary or manager of the Company or any of its subsidiaries containing a term or terms more favorable to the indemnitee than the terms contained herein (as determined by the Indemnitee), the Indemnitee shall be afforded the benefit of such more
favorable term or terms and such more favorable term or terms shall be deemed incorporated by reference herein as if set forth in full herein. As promptly as practicable following the execution by the Company or the relevant subsidiary of each
indemnity agreement with any such other director, officer or manager (i) the Company shall send a copy of the indemnity agreement to the Indemnitee, and (ii) if requested by the Indemnitee, the Company shall prepare, execute and deliver to
the Indemnitee an amendment to this Agreement containing such more favorable term or terms. 
 12. Subrogation. In the
event of payment by the Company under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee with respect to any insurance policy. Indemnitee shall execute all papers
reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or
reimburse all expenses actually and reasonably incurred by Indemnitee in connection with such subrogation. 

  
 -8-

 13. No Duplication of Payments. The Company shall not be liable under this Agreement
to make any payment in connection with any Claim made against the Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, any provision of the Company’s Charter and Bylaws, or otherwise) of
the amounts otherwise indemnifiable hereunder. 
 14. Defense of Claims. The Company shall be entitled to participate in
the defense of any Claim relating to an Indemnifiable Event or to assume the defense thereof, with counsel reasonably satisfactory to the Indemnitee; provided that if the Indemnitee reasonably believes, after consultation with counsel
selected by the Indemnitee, that (i) the use of counsel chosen by the Company to represent the Indemnitee would present such counsel with an actual or potential conflict of interest, (ii) the named parties in any such Claim (including any
impleaded parties) include both (A) the Company or any subsidiary of the Company and (B) the Indemnitee, and the Indemnitee concludes that there may be one or more legal defenses available to him that are different from or in addition to
those available to the Company or any subsidiary of the Company or (iii) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then the Indemnitee shall be entitled to
retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Claim) at the Company’s expense. The Company shall not be liable to the Indemnitee under this Agreement for any amounts paid
in settlement of any Claim relating to an Indemnifiable Event effected without the Company’s prior written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any Claim relating to an
Indemnifiable Event which the Indemnitee is or could have been a party unless such settlement solely involves the payment of money and includes a complete and unconditional release of the Indemnitee from all liability on all claims that are the
subject matter of such Claim. Neither the Company nor the Indemnitee shall unreasonably withhold its or his consent to any proposed settlement; provided that the Indemnitee may withhold consent to any settlement that does not provide a
complete and unconditional release of the Indemnitee. To the fullest extent permitted by Delaware law, the Company’s assumption of the defense of a Claim pursuant to this Section 14 will constitute an irrevocable acknowledgement by the
Company that any Indemnifiable Expenses incurred by or for the account of Indemnitee incurred in connection therewith are indemnifiable by the Company under Section 2 of this Agreement. 

15. Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto
and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, executors and personal
and legal representatives. The Company shall require and cause any successor(s) (whether directly or indirectly, whether in one or a series of transactions, and whether by purchase, merger, consolidation, or otherwise) to all or a significant
portion of the business and/or assets of the Company and/or its subsidiaries (on a consolidated basis), by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in
the same manner and to the same extent that the Company would be required to perform if no such succession had taken place; provided that no such assumption shall relieve the Company from its obligations hereunder and any obligations shall
thereafter be joint and several. This Agreement shall continue in effect regardless of whether the Indemnitee continues to serve as a director or officer of the Company and/or on behalf of or at the request of the

  
 -9-

 
Company as a director, officer, manager, member, partner, fiduciary, trustee or in a similar capacity of another Person. Except as provided in this Section 15, neither party shall, without
the prior written consent of the other, assign or delegate this Agreement or any rights or obligations hereunder. 
 16.
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement
(including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected
or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to the terms of this Agreement. 

17. Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated by the Company, the
Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, the Indemnitee shall be entitled, if the Indemnitee so elects, to institute proceedings, either in law or at equity, to obtain damages, to enforce
specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as the Indemnitee may elect to pursue. 
 18. Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained in a written document delivered in person or sent by
facsimile, nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter be designated on the signature pages of this Agreement or in writing by such party
to the other parties: 
  

	 	(a)	If to the Company, to: 

National Bank Holdings Corp. 
 101 Federal Street, 19th Floor 
 Boston, Massachusetts 02110 

Attn: [—] 
 Telephone: [—] 
 Facsimile: [—] 
 and 

Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 

Attn: David E. Shapiro 
 Telephone: (212) 403-1000 
 Facsimile: (212) 403-2000 

 

	 	(b)	If to the Indemnitee, to the address set forth on Annex A hereto. 

  
 -10-

 All such notices, requests, consents and other communications shall be deemed to have been given or made if
and when received (including by overnight courier) by the parties at the above addresses or sent by electronic transmission, with confirmation received, to the facsimile numbers specified above (or at such other address or facsimile number for a
party as shall be specified by like notice). Any notice delivered by any party hereto to any other party hereto shall also be delivered to each other party hereto simultaneously with delivery to the first party receiving such notice. 

19. Counterparts. This Agreement may be executed 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. 

20. Headings. The headings of the sections and 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 or interpretation thereof. 
 21. Governing
Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws.

 [SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
	NATIONAL BANK HOLDINGS CORP.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 INDEMNITEE:

	
	  

	 Print Name:

 Signature Page to Indemnification Agreement 

 Annex A 

 

			
	 Indemnitee Name:
	 	  

	 Address:
	 	  

		 	  

	 Phone Number:
	 	  

	 Fax Number:

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