Document:

Exhibit 10.30

	
	NY Law GPSA (Version 7.0)
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GLOBAL PAYING SERVICES AGREEMENT
Dated  as  of  _______________________  2021,  between  Fluence  Energy,  LLC,  a  Delaware  limited  liability
corporation (“Buyer Parent”) and Citibank, N.A., a U.S. national banking association (“Citibank”).
BACKGROUND
A. From time to time Buyer (as defined in Article I) enters into
commercial  trade  transactions  with  various  suppliers  (each,  a
 “Supplier”) for the purchase of goods and/or services, resulting in
Payment Obligations (as defined in Article I) owed by Buyer to the
respective Suppliers.
B. To facilitate the processing of Payment Obligations, Buyer and
Suppliers  intend  to  utilize  one  or  more  computerized  settlement
systems, including related services, Equipment and Software (each
as defined in Article I and, as updated from time to time, collectively,
the  “System”)  provided  by  Citi  (as  defined  in  Article  I).    Citi  is
prepared to provide Buyer with a license to the System, subject to
the  terms  and  conditions  set  forth  in  this  Agreement and  in  any
applicable Joinder Agreement (as defined in Article I).
C. Buyer wishes to engage Citi to  act  as Buyer’s  paying agent
with respect to the transactions it wishes to settle using the System.
Citi  is  willing  to  act  as  Buyer’s  paying  agent,  on  the  terms  and
conditions set forth herein and in any applicable Joinder Agreement.
NOW,  THEREFORE,  in  consideration  of  the  mutual  covenants,
terms, conditions, representations and warranties contained herein,
and  other  good  and  valuable  consideration  the  receipt  and
sufficiency of which is hereby acknowledged, Buyer and Citi agree
as follows:
ARTICLE I:  DEFINITIONS
In this Agreement:
 “Adverse Transfer Notice” means any notice that (i) any Payment
Obligation  or  any  portion  thereof  has  been  sold,  transferred  or
pledged  as  security  for  the  obligations  of  a  Supplier,  or  (ii)  a
Bankruptcy Event has occurred with respect to a Supplier.
 “Affiliate” means any domestic or foreign partnership, joint venture,
corporation,  limited  liability  company,  bank    or  other  form  of
enterprise  in  which  Buyer    Parent  or  Citi  Parent,  as  applicable,
possesses (directly or indirectly) an ownership interest of 80 percent
or greater.
 “Agreement” means this Global Paying Services Agreement, as such
may  be  amended,  restated,  supplemented  or  otherwise  modified
from time to time (including via Joinder Agreement) in accordance
with its terms.
 “Anti-Corruption Laws” means all laws, rules, and regulations from
time  to  time,  as  amended,  concerning  or  relating  to  bribery  or
corruption, including, without limitation, the U.S. Foreign Corrupt
Practices  Act  of  1977,  the  UK  Bribery  Act  2010,  and  all  other
applicable anti-bribery and corruption laws.
 “Anti-Money  Laundering  Laws”  means  all  applicable  money
laundering  statutes,  financial  recordkeeping  and  reporting
requirements  of  the  jurisdictions  where  Buyer  or  its  parents  or
subsidiaries conduct business, the rules and regulations thereunder
and any related or similar rules, regulations  or guidelines, issued,
administered or enforced by any governmental or regulatory agency.
 “Approved Buyer Affiliate” means any Affiliate of Buyer Parent that
is reasonably acceptable to Citi for settling transactions utilizing the
System.
 “Authorized  Users”  means  employees,  agents  or  contractors  of
Buyer  whom  it  has  designated  as  being  authorized  to  access  the
System on its behalf and who have been provided Logins to access
the System by Citi.
 “Bankruptcy Event” means, as to any Supplier, any of the following:
(a) any  case  or  proceeding  with  respect  to  such  Supplier  under
applicable  law (whether  under Title  11  Bankruptcy  of  the United
States  Code  or  any  other  national,  federal  or  state  bankruptcy,
insolvency,  reorganization  or  other  law  affecting  creditors’  rights
generally)  or  any  other  or  similar  proceedings  seeking  any  stay,
reorganization,  arrangement,  composition  or  readjustment  of  the
obligations and indebtedness of such Supplier; (b) any proceeding
seeking  the  appointment  of  any  trustee,  receiver,  liquidator,
custodian  or  other  insolvency  official  with  similar  powers  with
respect to such Supplier or any material portion of its assets; (c) any
proceedings for liquidation, dissolution or other winding up of the
business  of  such  Supplier;  (d)  any  assignment  for  the  benefit  of
creditors or  any marshaling of assets of such Supplier; or (e) any
analogous procedure or step taken in any jurisdiction.
 “Business Day” means any day on which commercial banks are open
for  business  (including  dealings  in  foreign  exchange  and  foreign
currency deposits) in the jurisdiction where the applicable Citi entity
is  located  and  the  principal  financial  center  of  each  relevant
currency.
 “Buyer” means, individually or collectively (as the context requires),
Buyer Parent and each of its Approved Buyer Affiliates a signatory
to this Agreement or any Joinder Agreement.
 “Buyer Contracting Party” means any Approved Buyer Affiliate that
is a party to this Agreement or any Joinder Agreement.
 “Change  of  Control”  with  respect  to  Buyer  Parent  or  any  other
Buyer, means any of the following:  (i) the sale, lease or transfer of
all  or  substantially  all  of  the  assets  of  Buyer  Parent  or  any  other
Buyer; (ii) the liquidation or dissolution of (or the adoption of a plan
of  liquidation  by)  Buyer  Parent  or  any  other  Buyer;  (iii)  the
acquisition  by  any  Person  or  group  (as  such  term  is  defined  in
Section  13(d)(3)  of  the  Securities  Exchange  Act  of  1934,  as
amended) of more than 50% of the voting stock of Buyer Parent or
any other Buyer by way of merger or consolidation or otherwise, (iv)
the  adoption  by  the  equity  holders  of  Buyer  Parent  or  any  other
Buyer of a plan or proposal for the merger, transfer of substantially
all assets, consolidation, liquidation or dissolution Buyer Parent or
any other Buyer, or the effectuation of such plan or proposal, (v) the
execution  by  Buyer  Parent  or  any  other  Buyer  of  any  binding
agreement to effectuate any of the foregoing actions, or (vi) if at any
time  the  guarantees  signed  by    Siemens   and  AES
Corporation in  favor of  Citibank  shall  for  any reason cease  to  be
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valid and binding or cover less than one hundred percent (100%) of
the  Payment  Obligations  under  this  Agreement  or  any  Joinder
Agreement.
 “Citi” means individually or collectively (as the context requires),
Citibank and any Affiliate of Citibank a signatory to this Agreement
or any Joinder Agreement.
 “Citi Contracting Party” means any Citi entity that is a party to this
Agreement or any Joinder Agreement.
 “Citi Parent” means Citigroup, Inc., a Delaware corporation.
 “Contracting Party” means any Buyer Contracting Party or any Citi
Contracting Party, as applicable;
 “Contracting Parties” means any or all Buyer Contracting Parties and
any or all Citi Contracting Parties, as the context requires.
 “Disbursement Account” has the meaning set forth in Section 5.1.
 “Equipment” means all equipment provided by or on behalf of Citi
to Buyer for the purpose of accessing or using the System, including
all authentication products.
 “Fees” has the meaning set forth in Section 4.1.
 “Intellectual Property Rights” means all rights in inventions, patents,
copyrights,  design  rights,  database  rights,  trademarks  and  trade
names, service marks, trade secrets, know-how and other intellectual
property  rights  (whether  registered  or  unregistered)  and  all
applications  and  rights  to  apply  for  any  of  them  anywhere  in  the
world that apply to the Licensed Resources.
 “Joinder Agreement” means any agreement pursuant to which the
applicable Contracting Parties assume obligations and obtain rights
under  this  Agreement,  as  such  obligations  and  rights  may  be
modified or supplemented by the terms of such Joinder Agreement
in accordance with Article VI  hereof.
 “License” has the meaning set forth in Section 2.1.
 “Licensed Resources” means, collectively, the Logins, the System
and the Policies and Procedures.
 “Logins” means usernames and passwords for Authorized Users to
access the System.”
 “Losses” has the meaning set forth in Section 2.7(f).
 “Message” has the meaning set forth in Section 2.4.
 “Party” or “Parties” means each or both of Buyer and Citi, as the
context requires.
 “Payment Due Date” means, with respect to a Payment Obligation,
the  Business  Day  on  which  such  Payment  Obligation  is  due  and
payable  as  set  forth  in  the  applicable  Payment  Instruction  for
payment  of  such  Payment  Obligation,  or  if  such  date  is  not  a
Business Day the first Business Day following that date; provided in
no  event  shall  the  Payment  Due  Date  be  earlier  than  the  date  2
Business Days after the Payment Instruction Date.
 “Payment Instruction” means the instruction issued by Buyer to Citi
through  the  System  directing  payment  of  the  specified  Payment
Obligation to a specified Supplier on the Payment Due Date.
 “Payment Instruction Date” means the date a Payment Instruction is
submitted to Citi, as recorded by the System.
 “Payment Obligation” means a specified amount to be paid by Buyer
to a specified Supplier (or its assignee pursuant to Section 5.4) on a
Payment  Due  Date  to  settle  one  or  more  commercial  trade
transactions between Buyer and such Supplier for the purchase of
goods and/or services.
 “Person” means an individual, partnership, corporation (including a
business  trust),  joint  stock  company,  trust,  unincorporated
association, joint venture, limited liability company, a government
or any political subdivision or agency thereof, or any other entity.
 “Policies  and  Procedures”  means  all  tangible  printed  information
(including any in electronic form) provided from time to time by Citi
to Buyer in connection with the use of the System.
 “Sanctions”  means  economic,  trade,  or  financial  sanctions,
requirements,  or  embargoes  imposed,  administered,  or  enforced
from time to time by any Sanctions Authority.
 “Sanctions Authority” means the United States (including, without
limitation,  the  Office  of  Foreign  Assets  Control  of  the  U.S.
Department of the Treasury and the U.S. Department of State), the
United  Kingdom  (including,  without  limitation,  Her  Majesty’s
Treasury), the European Union and any EU member state, the United
Nations Security Council, and any other relevant sanctions authority.
 “Sanctioned Jurisdiction” means, at any time, a country or territory
that is, or whose government is, the subject of Sanctions.
 “Sanctioned Person” means, at any time, (a) any Person listed in any
Sanctions related list maintained by any Sanctions Authority, (b) any
Person located, organized, or resident in a Sanctioned Jurisdiction,
or (c) any other subject of Sanctions, including, without limitation,
any Person controlled or 50 percent or more owned in the aggregate,
directly  or  indirectly,  by,  or  acting  for  or  on  behalf  of,  or  at  the
direction of, any such Person or Persons described in the foregoing
clauses (a) or (b).
 “Services” means the paying agency services and related functions
provided by Citi pursuant to this Agreement, any Joinder Agreement
or other agreement or document related thereto.
 “Software”  means  all  software,  programming  or  object  code
provided by or on behalf of Citi to Buyer for utilizing a computer or
like device to use the System.
ARTICLE II:   THE SYSTEM; REPRESENTATIONS,
WARRANTIES AND COVENANTS
2.1  License Grant.  (a)  Subject to the terms and conditions set
forth  herein,  Citi  hereby  grants  Buyer  a  limited,  personal,  non-
exclusive,  non-transferable  license  and  right,  without  the  right  to
further sublicense, during the term of this Agreement, to access and
use the Licensed Resources, solely for the purposes contemplated by
this Agreement (the “License”). Except as expressly set forth in this
Agreement,  Buyer  shall  have  no  other  right  (including  any
ownership right or intellectual property right), title or interest to or
in the Licensed Resources or any portion thereof.
(b)  Buyer acknowledges that all right, title and interest in and to
the  System,  including  without  limitation,  all  Intellectual  Property
Rights,  are  vested,  and  shall  remain  vested,  in  Citi  and/or  its
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and except as otherwise may be expressly agreed in writing, all right,
title and interest in and to revisions, upgrades, updates, derivative
works and other improvements to the System shall vest solely in Citi
and its licensors.  Except for the grant herein by Citi to Buyer of the
License,  nothing  in  this  Agreement  shall  act  to  operate  as  an
assignment or other transfer of any of such rights to Buyer.
2.2   Usage.  (a)  Buyer shall access and use, and shall ensure
that  its  Authorized  Users  access  and  use, the  System  only  in
accordance  with  this  Agreement  and  the  Policies  and  Procedures.
Buyer shall remain informed and notify its Authorized Users as to
any updates to the Policies and Procedures that may be implemented
from  time  to  time.  Approval  and  acceptance  of  an  update  to  the
Policies  and  Procedures  shall  be  deemed  to  be  given  if  Buyer
continues to utilize the System subsequent to the publication of any
such update.
(b) Buyer  shall  promptly  use  any  successors,  updates,  new
releases or replacements of any portion of the Equipment or Software
provided  to  it  from  time  to  time  by  Citi  for  use  in  accessing  the
System,  and  cease  to  use  the  previous  version  or  release  of  such
portion.
(c)  Buyer shall have the right under the License to use the content
of  the  System  website  on  a  computer  screen,  to  print  reasonable
extracts from the website, and to save reasonable copies to Buyer’s
hard drive, in each case solely for the purposes contemplated by this
Agreement. All other copying, distribution or commercial use of any
of  the  content  of  the  website  is  strictly  forbidden.  Except  for  the
limited right granted by this Section 2.2(c), no other right or license
is granted in respect of the content of the website.
(d) Buyer shall have no right to, and shall not, without the written
consent of Citi, alter or modify the whole or any part of the Licensed
Resources.
(e)  Buyer  shall  ensure  that  only  its  Authorized  Users  access  the
System  and  shall  procure  that  its  Authorized  Users  maintain  the
secrecy of their Logins and do not disclose their Logins to any other
person.
(f) Buyer shall immediately notify Citi in writing if it becomes aware
of any unauthorized use, loss or theft of its Authorized Users' Logins
or if Buyer becomes aware or suspects that any of them have become
known by an unauthorized person.  Upon such notification Citi may
(at its absolute discretion) revoke, suspend or disable such Logins
and/or issue new Logins to Buyer.
(g) Buyer  shall  not,  and  shall  ensure  that  none  of  its
representatives, access or attempt to gain access to any part of the
System that is not permitted under its Logins.
2.3  Security. Buyer shall safeguard and keep confidential, and
put  into  effect  and  maintain  commercially  reasonable  security
measures  to  safeguard  and  keep  confidential,  the  Licensed
Resources. In furtherance of the foregoing, Buyer agrees that:
(i)  it will not knowingly interfere with, defeat, circumvent or
tamper with  any  Message or other information or instruction
that  is,  by  the  terms  of  this  Agreement  or  the  Policies  and
Procedures, to be transmitted through the System, or with the
restrictions on use of functionality or access to information on
any portion of the System, or attempt to do so;
(ii)    it  will  not  knowingly  introduce  into  any  portion  of  the
System  any  virus  or  other  data  or  code  that  harms,  or  may
adversely affect, the operation of the System, and will put into
effect  and  maintain  commercially  reasonable  measures  to
prevent any such introduction; and
(iii)  it will ensure that all Messages being communicated by
Buyer  through  the  System  are  sent  in  accordance  with  this
Agreement and the Policies and Procedures.
2.4  Messages.  Buyer shall use the System to send all messages
under  this  Agreement  (including,  without  limitation,  Payment
Instructions and any updates to Buyer’s list of personnel authorized
to  use  the  System  on  Buyer’s  behalf)  (each,  a  “Message”).  Any
Message sent or purported to be sent by Buyer via the System is valid
and binding on Buyer, and Citi is entitled to rely thereon, irrespective
of  any  error  or  fraud  contained  therein  or  the  identity  of  the
individual who sent the Message, except to the extent that such error
or fraud or use of the System by an unauthorized third party is a result
of  the  failure  by  Citi  to  use  commercially  reasonable  security
measures to prevent unauthorized access to the System. Buyer agrees
that the act of sending a Message electronically in accordance with
this  Agreement  is  as  legally  binding  as  if  Buyer  had  manually
executed and delivered that Message in written form, and that Buyer
will not contest the validity, legally binding nature or enforceability
of that Message on the basis that the act of sending the Message
electronically is invalid or not binding on Buyer.
2.5  System Availability.  Buyer acknowledges and agrees that:
(i)  Citi does not represent or warrant that the System will be error-
free; (ii) there will be downtime from time to time when the System
cannot be accessed; and (iii) Buyer is responsible for providing and
maintaining, and  Citi has no liability or responsibility in respect of,
equipment not supplied by or on behalf of Citi, or utility services that
Buyer  utilizes  as  a  result  of  its  participation  in  the  System  and
maintaining a link to the System.
2.6  Confidentiality.  (a)  Each  Party  agrees  to  maintain  the
confidentiality of any Confidential Information (as defined below)
of  the  other  Party  to  which  it  has  access  under  the  System  or
otherwise under this Agreement.  “Confidential Information” shall
mean information of a Party that the other Party knows or reasonably
should know to be confidential to such first Party.
(b)  Notwithstanding the foregoing:
(i) “Confidential Information” does not include information that:
(1) was in the public domain before disclosure or becomes part of
the public domain after disclosure through no wrongful act of the
receiving  party;  (2)  was  already  known  to  the  receiving  party,  as
evidenced by written or electronic documentation in its files; (3) has
been lawfully received from a third party without restrictions; or (4)
was  independently  developed  by  employees  or  agents  of  the
receiving  party  who  did  not  have  access  to  the  Confidential
Information;
(ii)  either  Party  may  transfer  and  disclose  Confidential
Information  obtained  from  the  other  Party  to  any  authority  of
competent jurisdiction if disclosure is required pursuant to a court
order or instruction of any regulatory or supervisory authority having
jurisdiction  over  it,  provided  that  the  disclosing  Party  shall  have
given  the  other  Party  prompt  notice  thereof  (unless  it  has  a  legal
obligation  to  the  contrary)  so  that  the  other  Party  may  seek  a 

	
	

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protective order or other appropriate remedy to prevent disclosure;
and
(iii)  Citi  may  transfer  and  disclose  Confidential  Information
obtained from Buyer:
(1) to its subsidiaries and affiliates,
(2) to its professional advisers, auditors and other service providers
(such as rating agencies and third-party trustees), as well as to any
regulatory, supervisory, judicial or other governmental authority,
(3) to any Person to (or through) whom Citi sells, assigns or transfers
(or  may  potentially assign  or transfer)  all  or  any of its  rights  and
obligations under this Agreement or with respect to any Payment
Obligations owed by Buyer to a Supplier (or a counterparty in (x) a
securitization or similar transaction in relation to which any Payment
Obligations  or  this  Agreement  forms  a  part  of  the  asset  pool  or
collateral  pool,  (y)  a  sub-participation  in  relation  to  any  such
Payment Obligations or this Agreement, or (z) any other transaction
(including credit derivative transactions) under which payments are
to be made by reference to any such  Payment Obligations or  this
Agreement), and
(4)  to any Person with whom Citi is merging or consolidating or
is proposing to merge or consolidate.
2.7   Representations,  Warranties  and  Covenants  of  Buyer.
Buyer hereby represents, warrants and covenants to and with Citi as
follows:
(a)  Buyer’s use of the System is solely to settle genuine and lawful
commercial  trade  transactions,  arising  in  the  ordinary  course  of
business, for the purchase of goods and/or services by Buyer from
Suppliers. Each Payment Instruction constitutes Buyer’s irrevocable
acceptance of and agreement to pay, without set-off or counter claim,
the applicable Supplier’s claim for payment of the amount specified
in such Payment Instruction on the applicable Payment Due Date for
the  goods  and/or  services  related  thereto.  Buyer  shall  not  use  the
System for investment or arbitrage functions or purposes, or for any
money  laundering  purpose,  or  in  contravention  of  any  law  or
regulation, and Messages issued at Buyer’s request shall not be, and
are not intended to be, used in furtherance of any of the foregoing.
(b)  Buyer has independently verified the validity of the entity and
account information and any changes to such information stored on
the System with respect to each Supplier to whom Citi is instructed
to make payment as Buyer’s agent. Buyer acknowledges that Citi has
no obligation to inspect or view the content of Messages conveyed
through the System, and that Citi has no liability in the event that
Buyer is in breach of this Article.
(c)  Buyer  shall  comply  with  all  relevant  laws  and  regulations
applicable to this Agreement and transactions conducted using the
System including, without limitation, all relevant Sanctions, export
control  laws,  and  U.S.  tax  information  reporting  requirements,  if
any. In addition, Buyer agrees that this Agreement does not relieve
Buyer of any obligation to information-report under Section 6041 or
6041A of the Internal Revenue Code (the “Code”) with respect to
payments  made  to  Suppliers  through  the  System  or  to  perform
backup withholding under Code section 3406 when required.  Any
and all payments made hereunder shall be made free and clear of and
without deduction for any and all present and future taxes (including
value-added  taxes,  stamp  taxes  and  withholding  taxes),  levies,
imposts, deductions charges or withholdings, and all liabilities with
respect thereto (collectively, “Taxes”).  If requested by Citi, Buyer
shall furnish to Citi at its address hereunder, the original or a certified
copy of a receipt evidencing payment of Taxes.
(d)  Information provided by Buyer to Citi from time to time in
connection with this Agreement is and shall be true and accurate in
all material respects, and Citi is hereby authorized from time to time
to  verify  such  information,  either  pursuant  to  Section  5.5(b)  or
otherwise as Citi reasonably determines. Buyer Parent has provided
to  its  independent  auditor  this  Agreement,  the  form  of  Supplier
Agreement to be entered into by Citi and certain of Buyer’s suppliers
and any other information or documents relevant to the Services to
be  provided  by  Citi,  including  any  relevant  marketing  material
presented by Citi to Buyer.
(e) Buyer shall defend, indemnify and hold harmless Citi  and its
affiliates, employees, directors, officers and agents acting within the
scope  of  their  authority  (each  an  “indemnified  party”),  from  and
against any and all claims, liabilities, losses, Taxes, damages, costs
and  expenses,  including  reasonable  attorneys’  fees  and
disbursements,  other  dispute  resolution  expenses  (including
reasonable  fees  and  expenses  in  preparation  for  a  defense  of  any
investigation,  litigation  or  proceeding)  and  costs  of  collection
(collectively,  “Losses”),    including,  without  limitation,  Losses  (i)
relating to the enforcement of this indemnity or (ii) arising out of or
in any way relating  to  (1)  Citi’s reliance on any  Message sent by
Buyer using the System (including any Message which Citi believes
in good faith was sent by Buyer irrespective of any error, fraud or
the identity of the individual who sent it), (2) any breach of Buyer’s
representations, covenants or obligations under this Agreement, or
(3) any  suit,  demand,  claim  or  other  dispute  with  respect  to  a
transaction by Buyer using the System, except to the extent that such
Losses are caused by the gross negligence or willful misconduct of
such indemnified party.
(f) Buyer does not conduct any business, activities or transactions of,
with  or  involving  (including  any  purchase  or  sale  of  goods  or
services  originating  in,  from  or  to)  an  individual,  entity,  vessel,
country or territory that is the subject of Sanctions.  Neither Buyer,
any subsidiary of Buyer, or any party who owns them, nor to the best
of its knowledge, any of their directors, officers, employees, agents,
affiliates  or  representatives,  (i)  is  a  Sanctioned  Person,  or  (ii) is
located,  organized  or  resident  in  a  country  or  territory  that  is  a
Sanctioned  Jurisdiction.    Buyer  will  not  instruct  Citi  to  make  a
payment to any Person that is the subject of Sanctions or located,
organized or resident in a country or territory that is a Sanctioned
Jurisdiction. None of the execution, delivery or performance of this
Agreement, nor any activities, transactions or services contemplated
by this Agreement, would result in a violation by Citi or its affiliates
of Sanctions or export controls.
(g)  Each of Buyer and its subsidiaries (i) are conducting and will
continue  to  conduct  its  business  in  compliance  with  Anti-Money
Laundering  Laws  and  Anti-Corruption  Laws  and  (ii)  have
implemented,  maintain,  and  will  continue  to  maintain  in  effect
policies  and  procedures  to  ensure  compliance  by  Buyer  and  its
subsidiaries and their respective directors, officers, employees, and
agents,  with  Anti-Money  Laundering  Laws  and  Anti-Corruption
Laws.    No  action,  suit  or  proceeding  by  or  before  any  court  or
governmental agency, authority or body or any arbitrator involving
Buyer  or  any  of  its  subsidiaries  with  respect  to  Anti-Money
Laundering  Laws  or  Anti-Corruption  Laws  is  pending  or,  to  the
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(h)  Buyer shall provide written notice to Citi at least 30 days prior
to making any change to its name or organizational structure.
2.8  Mutual Representations, Warranties and Covenants of the
Parties. (a) Each Buyer and Citi represents, warrants, and covenants
as follows: (i) it is validly existing and in good standing and has the
power to enter into and perform, and has all necessary authorizations
for the entry into, performance and delivery of, this Agreement and
the transactions contemplated by this Agreement; (ii) this Agreement
constitutes  its  legal,  valid  and  binding  obligation,  enforceable  in
accordance  with  its  terms;  and  (iii)  its  execution,  delivery  and
performance  of this  Agreement does  not  contravene  any  contract
binding on or affecting it or any of its properties, does not violate
any applicable law or regulation, and does not require any notice,
filing or other action to or by any governmental authority.
(b)  Except as expressly provided in this Agreement or the Policies
and  Procedures,  no  representation,  warranty,  term  or  condition,
express or implied, statutory or otherwise, is given or assumed by
Citi in respect of (i) the Licensed Resources, (ii) Buyer’s underlying
commercial transactions, or (iii) the goods or services to which such
underlying transactions relate (regardless of any assistance that Citi
may,  in  its  sole  discretion,  provide  to  Buyer.)    All  such
representations,  warranties,  terms  and  conditions  are  excluded,
except to the extent that this exclusion is prohibited by law. Without
limiting the foregoing, Buyer understands that Citi is not giving any
representation or warranty as to condition, performance, fitness for
purpose, suitability, merchantability, quality or otherwise, except as
expressly provided herein or in the Policies and Procedures.
ARTICLE III:  PAYING AGENT
3.1  Appointment  of  Agent. Buyer  hereby  appoints  Citi  as
Buyer’s paying agent with respect to transactions executed through
the System, and Citi hereby accepts such appointment, in each case
in accordance with, and subject to, the terms and conditions set forth
in this Agreement. In performing its obligations hereunder, Citi may
consult as to any legal matters with lawyers selected with due care
by it, and Citi shall be protected from and shall incur no liability for
any action taken or not taken with respect to such matters in good
faith and in accordance with the opinion of such lawyers.
ARTICLE IV:  FEES AND CHARGES
4.1 Fees and Charges. Buyer shall pay Citi such fees, commissions
and other amounts with respect to the Services of Citi hereunder, as
set  forth  in  Exhibit  A  attached  hereto  and  made  a  part  hereof
(collectively, “Fees”).
ARTICLE V:   DISBURSEMENT ACCOUNTS AND
PAYMENT PROCESS
5.1  Disbursement  Account.   Each  Buyer  shall  maintain  a
designated account with Citi for purposes of this Agreement (each a
 “Disbursement Account”). Each Buyer authorizes Citi to debit from
any Disbursement Account all amounts corresponding to Payment
Instructions  or  otherwise  payable  hereunder  as  such  amounts
become due and payable. Under no circumstances shall Citi be liable
for interest on monies deposited in the Disbursement Account at any
time pursuant to any provision of this Agreement or otherwise, nor
shall  Citi  be  required  to  invest  such  monies.  Monies  held  by  or
deposited  with  Citi  hereunder  need  not  be  segregated  from  other
funds  except  to  the  extent  required  by  law,  and  Citi  need  not
collateralize or provide any security interest for any funds received
by it pursuant to this Agreement.
5.2  Payment Instructions.   Buyer from time to time will submit
Payment Instructions through the System. Each Payment Instruction
will  specify  the  Supplier  to  receive  payment,  the  amount  of  the
relevant  Payment  Obligation  and  the  Payment  Due  Date.  If  the
Payment Instruction is accepted by the System, Citi shall notify, by
means  of  the  System,  the  Supplier  identified  in  the  Payment
Instruction of the terms and provisions of such Payment Instruction.
If the Payment Instruction is not accepted by the System, Citi shall
promptly notify Buyer to that effect and the Payment Instruction will
be deemed cancelled by Buyer. Buyer’s submission of a Payment
Instruction (unless not accepted by the System) shall constitute (i) a
representation  and  warranty  by  Buyer  that  the  payment  amount,
denomination  and  currency  uploaded  to  the  System  is  true  and
accurate representation of the Payment Obligation in all respects, (ii)
an  undertaking  and  acknowledgement  by  each  Buyer  and  Buyer
Parent  to  Citi and  each Supplier of  its independent, irrevocable,
unconditional and primary obligation to fund (or to cause a Buyer
subsidiary to fund) the Disbursement Account with cleared funds in
the amount of the Payment Obligation (without setoff, deduction or
any other reduction of any kind or nature) on or prior to 12:00 noon
(New York City time) on the relevant Payment Due Date,  (iii) an
irrevocable  and  unconditional  request  by  Buyer  to  Citi  to  make
payment of the Payment Obligation on the Payment Due Date and as
otherwise  specified  in  such  Payment  Instruction,  and  (iv)  an
agreement that as between Buyer and Citi, the amount specified in
such Payment Instruction shall be conclusive. Without limiting the
foregoing,  Citi  shall  not  be  obligated  to  accept  any  Payment
Instruction  with  respect  to  a  Payment  Obligation  that  would  be
constrained  pursuant  to  any  law,  rule  or  regulation  applicable
thereto.
5.3  Payment Due Date.  (a)    On  the  relevant  Payment  Due
Date,  Buyer  shall  deposit  or  cause  to  be  deposited  in  the
Disbursement  Account  sufficient  funds  to  enable  Citi  to  pay  the
amounts  specified  in  the  relevant  Payment  Instructions  and  such
other amounts, including Fees, payable under this Agreement.
(b)  Provided  that  sufficient  funds  are  available  in  the
Disbursement  Account,  Citi shall  make  payment  of  the  Payment
Obligation to the Supplier or its assignee on the Payment Due Date,
in accordance with the terms of the relevant Payment Instruction, by
automated clearing house network or wire transfer of immediately
available funds to a bank account maintained by such Supplier (or
such assignee, if applicable), as specified in the Payment Instruction
or  otherwise  through  the  Sy  stem.    Buyer’s  obligation  to  pay  the
Payment Obligations pursuant to the Payment Instructions shall not
be  satisfied  by  any  tender  or  recovery  pursuant  to  any  judgment
which is expressed in or converted into any currency other than as
specified in the relevant Payment Instruction, except to the extent
that such tender or recovery results in the actual receipt by Citi of the
full equivalent amount of the Payment Obligation.
(c)  Citi  has  no  obligation  to  make  payment  of  the  Payment
Obligation specified in any Payment Instruction prior to receipt by
Citi  in  the  Disbursement  Account  of  a  corresponding  and  final
payment in cleared funds of the relevant amount. If Citi makes such
payment  before  such  receipt  and  Buyer  fails  to  fund  the
Disbursement  Account  on  the  Payment  Due  Date  as  required
hereunder, Citi may either (i) reverse all or part of the payment and
make an appropriate entry to the Disbursement Account, or (ii) deem 

	
	

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the funding by such payment by Citi as an overdraft under Buyer’s
overdraft line of credit with Citi and require repayment of an amount
corresponding to such Payment Obligation under such overdraft line
of credit pursuant to its terms. Citi is not required to draw under the
overdraft line of credit or otherwise make any payment of a Payment
Obligation from the Disbursement Account which might result in or
increase a debit balance. If the total amount of payments of Payment
Obligations  from  the  Disbursement  Account  at  any  time  would
otherwise  result  in  a  debit  balance  or  exceed  the  immediately
available funds on deposit in the Disbursement Account, Citi may
decide which Payment Obligations it will make (in whole or in part
and in the order it selects).
5.4   Supplier  Designee. Buyer  consents  and  agrees  that  (a)  any
Supplier may assign to Citi (or another financial institution) any or
all  of  its  right  to  receive  payment  of  Payment  Obligations  in
connection with any Payment Instruction issued hereunder pursuant
to a purchase or transfer agreement between a Supplier and Citi (or
another financial institution) (each a “Purchase Agreement”) and (b)
such  Purchase  Agreement  may  be  governed  by  the  laws  of  New
York, the laws of England or another governing law as determined
between Citi and the Supplier. Buyer agrees that notice of any such
assignment  or  designation  pursuant  to  a  Purchase  Agreement  or
otherwise received (i) as a Message through the System or (ii) by any
other written or electronic means, shall be effective notice of such
assignment  or  designation and  that  any  such  notice  may  be  in
English. Buyer agrees that it will provide an acknowledgment of any
such  notice  of  assignment  if  requested  by  Citi  or  if  such
acknowledgement is  required in order to  perfect such assignment
under  the  laws  of  the  jurisdiction  where  the  relevant  Supplier  is
organized or located. Following any notice of assignment to Citi as
assignee,  Buyer  shall  treat  any  notice  from  Citi  relating  to  the
transferred Payment Obligation as being delivered by the relevant
Supplier.  If  Citi  has  purchased  any  Payment  Obligations  under  a
Purchase Agreement, Buyer hereby authorizes Citi to make payment
of such transferred Payment Obligations to Citi for its own account.
Buyer  further  acknowledges  and  recognizes  each  assignment  of
Payment  Obligations  under  a  Purchase  Agreement  as  a  valid  and
effective transfer, notwithstanding any invalidity of, or any defect or
lack of perfection or priority in, such assignment under the relevant
Purchase  Agreement.  In  the  event  that  any  agreement  between
Supplier  and  Buyer  contains  any  provision  restricting  the  sale,
assignment or transfer of Payment Obligations by such Supplier to
Citi  or  any  other  transferee  (or  by  Citi  or  any  transferee  to  any
subsequent transferee), Buyer hereby releases Supplier, Citi or such
transferee from such restriction.
5.5    Information,  Data  and  Access. (a)    Buyer  shall  maintain
sufficient  records of all transactions concluded by  it utilizing  the
System and otherwise with respect to its obligations and activities
under or in connection with this Agreement, including information
with  respect  to  any  underlying  commercial  trade  transaction  (or
associated  disputes)  to  which  it  is  a  party,  and  with  respect  to
compliance  of  such  transactions  with  applicable  laws  and
regulations. Buyer shall retain each record required to be maintained
under  this  Section  5.5  during  the  term  of  this  Agreement  and,  if
applicable,  for  such  longer  period  as  may  be  required  by  law  or
regulation.
(b)   Buyer  shall  allow  representatives of  Citi,  at  reasonable  times
upon reasonable notice, to examine and take copies of any of Buyer’s
records relating to this Agreement which are reasonably required in
order  to  comply  with  an  order,  instruction  or  request  from  any
governmental,  administrative,  judicial  or  emergency  body  or  any
other authority of competent jurisdiction, or to ensure compliance
with  the  terms  of  this  Agreement.  Any  such  documents  shall  be
returned to Buyer once such access is no longer required.
5.6  Other Covenants and Agreements.  (a)  Buyer  agrees
that  Buyer’s  obligations  under  this  Agreement  and  any  Payment
Instructions shall not be affected by the invalidity, unenforceability,
existence,  performance  or  non-performance  of  the  underlying
commercial trade transaction or any related contract or undertaking,
nor shall those obligations be subject to claims or defenses of  any
Buyer (including Buyer Parent) in relation to the same, including,
without limitation, set-off, breach of contract, suretyship defenses or
breach of statutory obligation.
(b) Buyer’s issuance of a Payment Instruction, and its funding of
the Disbursement Account with an amount sufficient to pay all or
part of such Payment Instruction on the Payment Due Date therefor,
shall  each  be  deemed  to  constitute  Buyer’s  confirmation  that  its
representations and warranties set forth in Article II remain true and
correct  as of the date  of such Payment Instruction  and  as of  such
Payment  Due  Date,  and  that  Buyer  is  not  in  breach  of  any  of  its
covenants or other obligations under this Agreement. No additional
documentation  or  further  action  by  either  Buyer  or  Citi  shall  be
necessary  in  order  to  evidence  Buyer’s  reiteration  of  such
representations and warranties as true and correct as of such dates,
and of its compliance with the terms of this Agreement as of such
dates.
(c)  If Buyer receives any Adverse Transfer Notice (other than any
notice of the assignment of a Payment Obligation by a Supplier to
Citi) or otherwise reasonably believes the Supplier intends to assign,
transfer or encumber any Payment Obligation (or has already done
so), Buyer shall promptly (and in any event within one Business Day
of knowledge thereof) notify Citi and cease submitting any Payment
Instructions  relating  to  Payment  Obligations  attributable  to  the
applicable Supplier.  Buyer agrees not to assist Supplier in assigning,
transferring  or  otherwise  creating  any  encumbrance  or  security
interest in and over any of the Supplier’s right, title and interest in
and over any payment in respect of any Payment Instruction.
(d)    Upon  the  occurrence  of  a  Change  of  Control,  Buyer  shall
immediately cease submitting any Payment Instructions hereunder
and  promptly (and in any event within three Business Day)  notify
Citi of such Change of Control.
(e)  Buyer hereby grants to Citi a non-exclusive, non-sublicensable,
revocable,  royalty  free  license  to  use  Buyer’s  trademarks,
tradenames and service marks in marketing material and to promote
and administer the program.
ARTICLE VI:    GLOBAL MASTER  AGREEMENT;
 JOINDER   AGREEMENTS

6.1  Global  Master    Agreement. This  Agreement  is  the  Global
Paying  Services  Agreement  which  sets  forth  (i)  the  rights  and
obligations  of  Buyer  and  Citi  and  (ii)  the  terms  and  conditions
applicable  to  the  System  and  the  Services  provided  by  Citi,  on  a
global basis; as each may be amended, supplemented or otherwise
modified  pursuant  to  a  Joinder  Agreement  as  agreed  between  the
Contracting Parties thereto.  

	
	

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6.2 Joinder Agreements.  Buyer Parent and any Approved Buyer
Affiliate may utilize the Services as “Buyer”, provided such entity is
a signatory to this Agreement or a Joinder Agreement. Each Joinder
Agreement may modify and/or supplement the terms and conditions
of  this  Agreement  in  order  to  comply  with  applicable  laws,
regulations  and  product  structure  requirements  of  the  Citi
Contracting Party delivering the Services in a particular country or
region.  If the Contracting Parties wish to modify or supplement any
terms  or  conditions  of  this  Agreement,  the  applicable  Joinder
Agreement  must  explicitly  identify  the  term  or  condition  to  be
modified  or  supplemented,  and  how  it  is  to  be  modified  or
supplemented.  If  requested  by  a  Contracting  Party,  Citibank  and
Buyer Parent shall also  execute the applicable Joinder Agreement
acknowledging  their  rights  and  obligations  with  respect  thereto;
provided, however, the absence of such acknowledgement shall not
affect the rights and obligations of Citibank and Buyer Parent under
this Agreement or any Joinder Agreement.
6.3  Conflicts. This  Agreement  shall  control  in  the  event  of  any
conflict with any Joinder Agreement, except as explicitly set forth as
an exception in the applicable Joinder Agreement.
6.4  Additional Agreements. The Parties acknowledge and agree
that in certain countries and/or regions it may be necessary for the
applicable  Contracting  Parties  and  Buyer  Parent  to  enter  into
agreements, documents or instruments in addition to or in lieu of a
Joinder  Agreement  in  order  to  accommodate  the  local  laws,
regulations or product structure requirements of the Citi Contracting
Party delivering the Services in such country or region.
ARTICLE VII:  MISCELLANEOUS
7.1  Waivers; Severability. No delay or failure of any Party hereto
in  exercising  any  right,  privilege  or  option  under  this  Agreement
shall operate as a waiver of such or of any other right, privilege, or
option. If any provision of this Agreement is or becomes illegal or
invalid  under  any  applicable  law,  the  validity  of  the  remaining
provisions shall not be affected thereby.
7.2  Limitation on Liability. (a) Citi  shall  not  be  liable  for  any
Losses arising out of or relating to any of its actions or omissions to
act hereunder, except to the extent that any such Losses are caused
by Citi’s gross negligence or willful misconduct.
(b)  Except  for  liabilities  to  third  parties  relating  to  defense  and
indemnification obligations hereunder, neither Party shall be liable
to the other Party or responsible for any loss of business or profits,
revenue  or  goodwill,  or  any  indirect  or  consequential,  special,
exemplary  or  punitive  losses  or  damages,  whether  arising  from
negligence, breach of contract or otherwise, even if informed of the
possibility of those losses or damages.
(c)  Neither Party shall be deemed to be in default of any of the
obligations required to be performed by it under this Agreement to
the extent that performance thereof is delayed, hindered or becomes
impossible because of any act of God or public enemy, hostilities,
war  (declared  or  undeclared),  sanctions,  terrorist  activities,  act  of
sabotage, earthquake, flood, hurricane, storm, explosion, fire, labor
disturbance, strike, riot, epidemic, act of government or its agencies
or officers, power interruption or transmission failure, or any cause
of  a  similar  nature  beyond  the  control  of  such  Party  (a  “Force
Majeure Event”).
7.3   No Implied Duties. Citi shall be obliged to perform such
duties and only such duties as are specifically set forth herein, and
no implied duties or responsibilities shall be read or implied into this
Agreement  against  Citi.  Notwithstanding  any  other  provision
elsewhere contained in this Agreement, Citi is acting solely as agent
of Buyer. Citi shall have no duties or obligations hereunder to any
Person other than Buyer and, without limiting the foregoing, does
not  assume  any  obligation  or  relationship  of  agency  or  trust
hereunder for, or with, any Suppliers, or any other Persons.
7.4 Assignment. This  Agreement  shall  bind  and  inure  to  the
benefit of the respective successors and permitted assigns of each of
the parties hereto and the Suppliers; provided, however, that Buyer
may not assign any of its rights or obligations hereunder or under
any Payment Instruction without Citi’s prior written consent, given
in its sole discretion. Citi shall have the right without the consent of
or notice to Buyer to sell, transfer, assign, or grant participations in
all or any  part of, or any interest  in, Citi’s  obligations, rights and
benefits hereunder.
7.5  Termination. Either  Party  hereto  may  terminate  this
Agreement  at  any  time  and  with  immediate  effect  upon  60  days’
prior  written  notice  to  the  other  Party.  Either  Party  also  may
terminate this Agreement with immediate effect if the other Party is
in  breach  of,  or  fails  to  perform,  any  of  its  material  obligations
hereunder.  In  addition,  Citi  may,  at  its  option,  terminate  this
Agreement  with  immediate  effect  upon  3  Business  Days’  prior
written notice in the event there are insufficient funds available in
the Disbursement Account to pay all amounts in respect of Payment
Instructions when due, provided that such failure by Buyer to fully
fund the Disbursement Account is not the result of a Force Majeure
Event. Upon notice of termination of this Agreement, Citi will no
longer accept Payment Instructions from Buyer; provided, however,
that  to  the  extent  there  are  sufficient  funds  available  in  the
Disbursement  Account,  Citi  shall  continue  to  pay  Payment
Instructions that were received and accepted by Citi prior to such
notice of termination, and Buyer shall be responsible for funding the
Disbursement Account with respect thereto.
7.6  Survival. If this Agreement is terminated in accordance with
Section 7.5, then this Agreement shall become null and void and of
no further force and effect, except that all confidentiality, security,
indemnity,  payment  and  reimbursement  obligations  and  all
limitation of liability provisions contained in this Agreement shall
survive  and  remain  in  full  force  and  effect  notwithstanding  such
termination and the payment of all amounts owing hereunder.
7.7  Governing Law; Jurisdiction. (a) This Agreement and any
action arising out of or in connection with this Agreement (whether
in tort, contract, equity or otherwise) is governed by and shall be
construed and interpreted in accordance with the laws of the State of
New York without giving effect to the conflict of laws principles
thereof. The Parties agree that any New York State court or Federal
court  sitting  in  New  York  County  or  an  appellate  court  having
appellate jurisdiction over such courts has non-exclusive jurisdiction
to settle any disputes in connection with this Agreement, and each
Party submits to the jurisdiction of those courts. Each Party waives
any right to immunity from jurisdiction to which it may be entitled
(including,  to  the  extent  applicable,  immunity  from  pre-judgment
attachment and post-judgment attachment and execution.)   

	
	

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(b) If Buyer is an entity organized outside the United States, Buyer
agrees that any service of process or other notice of legal process
may be served upon it by mail or hand delivery if sent to
[NOTE:  CITI  REQUIRES  THIS  PROVISION  TO  BE
COMPLETED AT CLOSING]
[OPTION 1]  its U.S. Buyer:

Fluence Energy, LLC
4601 N. Fairfax Drive, Suite 600
Arlington, VA 22203
USA

which each Buyer confirms it has designed as its authorized agent
for service of process with respect to the courts located in the State
of New York.
Buyer agrees that nothing in this Agreement shall affect Citi’s right
to serve process in any other manner permitted by law.  Buyer agrees
that final judgment against it in any action or proceeding shall be
enforceable  in  any  other  jurisdiction  within  or  outside  the  United
States by suit on the judgment, a certified copy of which shall be
conclusive evidence of the judgment.
7.8  WAIVER OF JURY TRIAL. THE PARTIES WAIVE ANY
RIGHTS  THEY  MAY  HAVE  TO  A  JURY  TRIAL  OF  ANY
CLAIM  OR  CAUSE  OF  ACTION  BASED  ON  OR  ARISING
FROM THIS AGREEMENT.
7.9  Notices. Except as otherwise expressly contemplated herein,
all notices pursuant to this Agreement shall be in writing, duly signed
by  the  Party  giving  such  notice,  and  shall  be  delivered,  faxed  or
mailed by registered or certified mail, as follows:
If given to Buyer:

Fluence Energy, LLC
4601 N. Fairfax Drive, Suite 600
Arlington, VA 22203
E-mail:
frank.fuselier@fluenceenergy.com
Attention:  General Counsel
If given to Citi:

Citibank, N.A.
388 Greenwich Street
New York, New York 10013
Telephone:  212-816-9144
Fax: ________________
Attention: Anubhav
Shrivastava

Buyer Parent hereby accepts each notice hereunder on behalf of, and
undertakes to deliver each notice hereunder  to, each Buyer. Each
Buyer hereby acknowledges and agrees that a single notice to Buyer
Parent shall constitute notice to each Buyer with respect to (i) any
notice  given  pursuant  to  this  Agreement,  and  (ii)  any  notice  of
assignment of a Payment Obligation.
7.10  Officer’s Certificate/Resolutions.  On  or  before  the  date  of
this Agreement, Buyer shall have provided Citi with (i) evidence that
the execution and delivery of this Agreement and related documents
and  the  performance  by  each  Buyer  of  its  obligations  under  this
Agreement and related documents have been duly authorized and (ii)
an Officer’s Certificate certifying the incumbency and authorization
of the officers of each Buyer executing such documents, in each case
in form and substance reasonably satisfactory to Citi.
7.11  Entire  Agreement;  Amendments;  Multiple  Buyers. This
Agreement and all Joinder Agreements embody the entire agreement
between Buyer and Citi relating to the subject matter and supersedes
all prior agreements relating to the subject matter.  This Agreement
and  any  Joinder  Agreement  shall  not  be  construed  to  confer  any
right, benefit, remedy or claim upon any Person other than Buyer,
Citi and the Suppliers  (as express third party beneficiaries) and their
successors  and permitted assigns. All amendments and waivers to
this Agreement must be in writing and signed by or on behalf of
Buyer Parent and Citibank and shall be binding on all Contracting
Parties. If (i) this Agreement is signed by two or more entities as
 “Buyer” and/ or (ii) any Approved Buyer Affiliate executes a Joinder
Agreement  (and,  therefore,  becomes  a  “Buyer”  under  this
Agreement), all such entities shall be jointly and severally liable for
all obligations of Buyer hereunder (including all obligations of any
Buyer for which a Change of Control has occurred), and notices sent
by Citi in accordance with Section 7.9 to, and notices from or the
consent of, any such entity shall be sufficient to bind all such entities.
7.12  Counterparts. This  Agreement  may  be  executed  in  any
number  of  counterparts,  which  taken  together  shall  constitute  a
single copy of this Agreement. Any signature delivered by facsimile
or by email in “pdf” format shall be deemed an original signature
hereto.

 

	
	NY Law GPSA (Version 7.0)

IN WITNESS WHEREOF, each of the Parties hereto has executed this Agreement as of the date and year first above written.
By: ___________________________
Name:
Title:
By: ___________________________
Name:
Title
FLUENCE ENERGY LLC, as Buyer and as Buyer Parent CITIBANK, N.A.
By: ___________________________
Name:
Title:
Anubhav Shrivastava
Vice President
Jul 26, 2021

	
	NY Law GPSA (Version 7.0)

i
EXHIBIT A
TO GLOBAL PAYING SERVICES AGREEMENT

Fees payable by Buyer to Citi pursuant to the Global Paying Services Agreement shall be as follows:
1.  [waived].

This Exhibit constitutes the complete agreement of Citi and Buyer with respect to the subject matter set forth herein except as
may be modified or supplemented in any Joinder Agreement. Notwithstanding anything in the Agreement to the contrary, the
fees set forth in this Exhibit are subject to change, at Citi’s discretion, with 30 days notification.EX-10.19

 Exhibit 10.19 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is made and entered into as of [    ], 2021, by and
among Ensemble Health Partners, Inc., a Delaware corporation (the “Company”), and [NAME OF DIRECTOR] (“Indemnitee”). 

WHEREAS, in light of the litigation costs and risks to directors and officers resulting from their service to companies, and the desire of the
Company to attract and retain qualified individuals to serve as directors and officers, it is reasonable, prudent and necessary for the Company to indemnify and advance expenses on behalf of the Company’s directors and/or officers to the
fullest extent permitted by Delaware corporate law so that they will serve or continue to serve the Company free from undue concern regarding such risks; 

WHEREAS, the Company has requested that Indemnitee serve or continue to serve as a director and/or officer of the Company and may have
requested or may in the future request that Indemnitee serve one or more Ensemble Entities (as hereinafter defined) as a director or an officer or in other capacities; 

WHEREAS, one of the conditions that Indemnitee requires in order to serve as a director and/or officer of the Company is that Indemnitee be so
indemnified; and 
 WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided by one
or more of the Affiliate Indemnitors (as hereinafter defined) (or their affiliates) and/or any insurer providing insurance coverage under any policy purchased or maintained by such Affiliate Indemnitors (or their affiliates), which Indemnitee, the
Company and the Affiliate Indemnitors (or their affiliates) intend to be secondary to the primary obligation of the Company to indemnify Indemnitee as provided herein, with the Company’s acknowledgement of and agreement to the foregoing being a
material condition to Indemnitee’s willingness to serve as a director and/or officer the Company. 
 NOW, THEREFORE, in consideration
of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

1.        Services by Indemnitee. Indemnitee agrees to serve as a director and/or officer of
the Company. Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation the Indemnitee may have under any other agreement). 

2.        Indemnification - General. On the terms and subject to the conditions of this
Agreement, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all losses, damages, liabilities, judgments, fines, penalties, costs, amounts paid in
settlement, Expenses (as hereinafter defined) and other amounts that Indemnitee reasonably incurs and that result from, arise in connection with or are by reason of Indemnitee’s Corporate Status (as hereinafter defined) and shall advance
Expenses to Indemnitee. The obligations of the Company shall continue after such time as Indemnitee ceases to serve as a director and/or officer of the Company or in any other Corporate Status and include, without limitation, claims for monetary
damages against Indemnitee in respect 

  
 1 

 
of any actual or alleged liability or other loss of Indemnitee, to the fullest extent permitted under Delaware corporate law (including, if applicable, Section 145 of the Delaware General
Corporation Law) as in existence on the date hereof and as amended from time to time. 

3.        Proceedings Other Than Proceedings by or in the Right of the Company. If in
connection with or by reason of Indemnitee’s Corporate Status, Indemnitee was, is, or is threatened to be made, a party to, a witness or a participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the
Company to procure a judgment in its favor, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses, losses, damages, liabilities, judgments,
penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) reasonably
incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding or any claim, issue or matter therein. 

4.        Proceedings by or in the Right of the Company. If in connection with or by reason of
Indemnitee’s Corporate Status, Indemnitee was, is, or is threatened to be made, a party, a witness to or a participant in any Proceeding by or in the right of the Company to procure a judgment in the Company’s favor, the Company shall, to
the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding or any claim,
issue or matter therein. 
 5.        Mandatory Indemnification in Case of Successful
Defense. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in defense of any
Proceeding or any claim, issue or matter therein (including, without limitation, any Proceeding brought by or in the right of the Company), the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold
Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. If Indemnitee is not wholly successful in defense of such Proceeding but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on behalf of
Indemnitee in connection with each successfully resolved claim, issue or matter. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with
or without prejudice, on substantive or procedural grounds, or settlement of any such claim prior to a final judgment by a court of competent jurisdiction with respect to such Proceeding, shall be deemed to be a successful result as to such claim,
issue or matter; provided, however, that any settlement of any claim, issue or matter in such a Proceeding shall not be deemed to be a successful result as to such claim, issue or matter if such settlement is effected by Indemnitee
without the Company’s prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. 

6.        Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement or otherwise to indemnification by the Company for some or a portion of the Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, 

  
 2 

 
assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by Indemnitee or on behalf
of Indemnitee in connection with a Proceeding or any claim, issue or matter therein, in whole or in part, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee to the fullest extent to which Indemnitee is entitled to such
indemnification. 
 7.        Indemnification for Additional Expenses Incurred to Secure Recovery
or as Witness. 
  

	 	(a)	 The Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold
Indemnitee harmless from and against, any and all Expenses and, if requested by Indemnitee, shall advance on an as-incurred basis (as provided in Section 8 of this Agreement) such
Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action or proceeding or part thereof brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement, any other
agreement, the Certificate of Incorporation or By-laws of the Company as now or hereafter in effect, or pursuant to indemnification agreements in effect as of the date hereof; or (ii) recovery under any
director and officer liability insurance policies maintained by any Ensemble Entity. 

  

	 	(b)	 To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness (or is forced or
asked to respond to discovery requests) in any Proceeding to which Indemnitee is not a party, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, and the
Company will advance on an as-incurred basis (as provided in Section 8 of this Agreement), all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection
therewith. 

 8.        Advancement of Expenses. The Company shall, to the
fullest extent permitted by law, pay on a current and as-incurred basis all Expenses incurred by Indemnitee in connection with any Proceeding in any way connected with, resulting from or relating to
Indemnitee’s Corporate Status. Such Expenses shall be paid in advance of the final disposition of such Proceeding, without regard to whether Indemnitee will ultimately be entitled to be indemnified for such Expenses and without regard to
whether an Adverse Determination (as hereinafter defined) has been or may be made. Upon submission of a request for advancement of Expenses pursuant to Section 9(c) of this Agreement, Indemnitee shall be entitled to
advancement of Expenses as provided in this Section 8, and such advancement of Expenses shall continue until such time (if any) as there is a final non-appealable judicial
determination that Indemnitee is not entitled to indemnification. Indemnitee shall repay such amounts advanced if and to the extent that it shall ultimately be determined in a decision by a court of competent jurisdiction from which no appeal can be
taken that Indemnitee is not entitled to be indemnified by the Company for such Expenses. Such repayment obligation shall be unsecured, shall not bear interest and shall be made without regard to Indemnitee’s ability to repay such advances. The
Company shall not impose on Indemnitee additional conditions to advancement or require from Indemnitee additional undertakings regarding repayment. Indemnitee shall, in all events, be entitled to advancement of Expenses, without regard to
Indemnitee’s ultimate entitlement to indemnification, until the final determination of the Proceeding by a court of competent jurisdiction from which no appeal can be taken with respect to such Proceeding. 

  
 3 

 9.        Indemnification Procedures. 

(a)    Notice of Proceeding. Indemnitee agrees to notify the Company promptly upon being served with
any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses hereunder. Any failure by Indemnitee to notify the Company
will not relieve the Company of its advancement or indemnification obligations under this Agreement unless, and only to the extent that, the Company can establish that such omission to notify resulted in actual and material prejudice to it, which
prejudice cannot be reversed or otherwise eliminated without any material negative effect on the Company, and the omission to notify the Company will, in any event, not relieve the Company from any liability which it may have to indemnify Indemnitee
otherwise than under this Agreement. If, at the time of receipt of any such notice, the Company has a director and officer liability insurance policy in effect, the Company will promptly notify the relevant insurer in accordance with the procedures
and requirements of such policy. 
 (b)    Defense; Settlement. Indemnitee shall have the sole
right and obligation to control the defense or conduct of any claim or Proceeding with respect to Indemnitee. The Company shall not, without the prior written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole
discretion, effect any settlement of any Proceeding against Indemnitee or which, in the opinion of Independent Counsel, could have been brought against Indemnitee or which potentially or actually imposes any cost, liability, exposure or burden on
Indemnitee unless (i) such settlement solely involves the payment of money or performance of any obligation by persons other than Indemnitee or any Affiliate Indemnitor affiliated with Indemnitee and includes an unconditional, full release of
Indemnitee and Affiliate Indemnitors by all relevant parties from all liability on any matters that are the subject of such Proceeding and an acknowledgment that Indemnitee denies all wrongdoing in connection with such matters and (ii) the
Company has fully indemnified the Indemnitee with respect to, and held Indemnitee harmless from and against, all Expenses and other amounts incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding. The Company shall not
be obligated to indemnify Indemnitee against amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without the Company’s prior written consent, which consent shall not be unreasonably
withheld, delayed or conditioned, unless such settlement solely involves the payment of money or performance of any obligation by persons other than the Company and includes an unconditional release of the Company by any party to such Proceeding
other than the Indemnitee from all liability on any matters that are the subject of such Proceeding and an acknowledgment that the Company denies all wrongdoing in connection with such matters; provided, however, that if a Change in Control has
occurred, the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel (selected pursuant to Section 9(e) of this Agreement) has approved the settlement. 

  
 4 

 (c)    Request for Advancement; Request for
Indemnification. 
 (i)    To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the
Company a written request therefor, together with such invoices or other supporting information as may be reasonably requested by the Company and reasonably available to Indemnitee, and, only to the extent required by applicable law which cannot be
waived, an unsecured written undertaking to repay amounts advanced in the event of a decision by a court of competent jurisdiction from which no appeal can be taken that Indemnitee is not entitled to be indemnified by the Company for such Expenses.
The Company shall make advance payment of Expenses to Indemnitee no later than five (5) business days after receipt of the written request for advancement (and each subsequent request for advancement) by Indemnitee. If, at the time of receipt
of any such written request for advancement of Expenses, the Company has a director and officer insurance policy in effect, the Company will promptly notify the relevant insurer in accordance with the procedures and requirements of such policy. The
Company shall thereafter keep such insurer informed of the status of the Proceeding or other claim (with assistance from the Indemnitee as reasonably required) and take such other actions, as appropriate to secure coverage of Indemnitee for such
claim. 
 (ii)    To obtain indemnification under this Agreement, at any time before or after
submission of a request for advancement pursuant to Section 9(c)(i) of this Agreement, Indemnitee may submit a written request for indemnification hereunder. The time at which Indemnitee submits a written request for
indemnification shall be determined by the Indemnitee in the Indemnitee’s sole discretion. Once Indemnitee submits such a written request for indemnification (and only at such time that Indemnitee submits such a written request for
indemnification), a Determination (as hereinafter defined) shall thereafter be made, as provided in and only to the extent required by Section 9(d) of this Agreement. In no event shall a Determination be made, or be
required to be made, as a condition to or otherwise in connection with any advancement of Expenses pursuant to Section 8 and Section 9(c)(i) of this Agreement. If, at the time of receipt of any
such request for indemnification, the Company has a director and officer insurance policy in effect, the Company will promptly notify the relevant insurer and take such other actions as necessary or appropriate to secure coverage of Indemnitee for
such claim in accordance with the procedures and requirements of such policies. 

(d)    Determination. The Company agrees that Indemnitee shall be indemnified to the fullest extent
permitted by law and that no Determination shall be required in connection with such indemnification unless specifically required by applicable law which cannot be waived. In no event shall a Determination be required in connection with
indemnification for Expenses pursuant to Section 7 of this Agreement or incurred in connection with any Proceeding or portion thereof with respect to which Indemnitee has been successful on the merits or otherwise. Any
decision that a Determination is required by law in connection with any other indemnification of Indemnitee, and any such Determination, shall be made within twenty (20) days after receipt of Indemnitee’s written request for
indemnification pursuant to Section 9(c)(ii) and such 

  
 5 

 
Determination shall be made either (i) by the Disinterested Directors (as hereinafter defined), even though less than a quorum, so long as Indemnitee does not request that such Determination
be made by Independent Counsel (as hereinafter defined), or (ii) if so requested by Indemnitee, in Indemnitee’s sole discretion, or in the event of a Change in Control, by Independent Counsel in a written opinion to the Company and
Indemnitee. If a Determination is made that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within five (5) business days after such Determination. Indemnitee shall reasonably cooperate with the person, persons or
entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such Determination. Any Expenses incurred by Indemnitee in so cooperating with the Disinterested Directors or Independent Counsel, as the
case may be, making such determination shall be advanced and borne by the Company (irrespective of the Determination as to Indemnitee’s entitlement to indemnification). If the person, persons or entity empowered or selected under this
Section 9(d) to determine whether Indemnitee is entitled to indemnification shall not have made a determination within twenty (20) days after receipt by the Company of the request therefor, the requisite determination
of entitlement to indemnification shall, to the fullest extent not prohibited by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an
omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided,
however, that such twenty (20) day period may be extended for a reasonable time, not to exceed an additional twenty (20) days, if the person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further, that the foregoing provisions of this Section 9(d) shall
not apply if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 9(e). 

(e)    Independent Counsel. In the event Indemnitee requests that the Determination be made by
Independent Counsel pursuant to Section 9(d) of this Agreement, or there is a Change in Control which would require the Determination be made by Independent Counsel as required by Section 9(d), the Independent Counsel
shall be selected as provided in this Section 9(e). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the Board of
Directors shall make such selection on behalf of the Company, subject to the remaining provisions of this Section 9(e)), and Indemnitee or the Company, as the case may be, shall give written notice to the other, advising
the Company or Indemnitee of the identity of the Independent Counsel so selected. The Company or Indemnitee, as the case may be, may, within five (5) days after such written notice of selection shall have been received, deliver to Indemnitee or
the Company, as the case may 

  
 6 

 
be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
requirements of “Independent Counsel” as defined in Section 15 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the
person so selected shall act as Independent Counsel. If a written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent
jurisdiction has determined that such objection is without merit. If, within ten (10) days after submission by Indemnitee of a written request for indemnification pursuant to Section 9(c)(ii) of this Agreement and
after a request for the appointment of Independent Counsel has been made, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any
objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall
designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 9(d) of this Agreement. Upon the due commencement of any judicial
proceeding or arbitration pursuant to Section 9(f) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
conduct then prevailing). Any expenses incurred by or in connection with the appointment of Independent Counsel shall be borne by the Company (irrespective of the Determination of Indemnitee’s entitlement to indemnification) and not by
Indemnitee. 
 (f)    Consequences of Determination; Remedies of Indemnitee. The Company shall be
bound by and shall have no right to challenge a Favorable Determination. If an Adverse Determination is made, or if for any other reason the Company does not make timely indemnification payments or advances of Expenses, Indemnitee shall have the
right to commence a Proceeding before a court of competent jurisdiction to challenge such Adverse Determination and/or to require the Company to make such payments or advances (and the Company shall have the right to defend its position in such
Proceeding and to appeal any adverse judgment in such Proceeding). Indemnitee shall be entitled to be indemnified for all Expenses incurred in connection with such a Proceeding and to have such Expenses advanced by the Company in accordance with
Section 8 of this Agreement. If Indemnitee fails to challenge an Adverse Determination within twenty (20) business days, or if Indemnitee challenges an Adverse Determination and such Adverse Determination has been
upheld by a final judgment of a court of competent jurisdiction from which no appeal can be taken, then, to the extent and only to the extent required by such Adverse Determination or final judgment, the Company shall not be obligated to indemnify
Indemnitee under this Agreement. 

  
 7 

 (g)    Presumptions; Burden and Standard of
Proof. The parties intend and agree that, to the extent permitted by law, in connection with any Determination with respect to Indemnitee’s entitlement to indemnification hereunder by any person, including a court: 

(i)    it will be presumed that Indemnitee is entitled to indemnification under this Agreement (notwithstanding any
Adverse Determination), and the Company or any other person or entity challenging such right will have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to
that presumption; 
 (ii)    the termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s conduct was unlawful; 

(iii)    Indemnitee will be deemed to have acted in good faith if Indemnitee’s action is based on the records or
books of account of the Company, including financial statements, or on information supplied to Indemnitee by the officers, employees, or committees of the board of directors of the Company, or on the advice of legal counsel or other advisors
(including financial advisors and accountants) for the Company or on information or records given in reports made to the Company by an independent certified public accountant or by an appraiser or other expert or advisor selected by the Company; and

 (iv)    the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company
or relevant enterprises will not be imputed to Indemnitee in a manner that limits or otherwise adversely affects Indemnitee’s rights hereunder. 

The provisions of this Section 9(g) shall not be deemed to be exclusive or to limit in any way the other
circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

10.        Remedies of Indemnitee. 

(a)    In the event that (i) a determination is made pursuant to
Section 9(d) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 and
Section 9(c)(i) of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 9(d) of this Agreement within twenty (20) days after
receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 5, 6 or 7 of this Agreement within five (5) business days after receipt by
the Company of a written request therefor, (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within five (5) business days after a determination has been made that
Indemnitee is entitled to indemnification, or (vi) the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or

  
 8 

 
Proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a
court of his or her entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules
of the American Arbitration Association in New York (or JAMS in New York, if requested by the Indemnitee). The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b)    In the event that a determination shall have been made pursuant to
Section 9(d) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 10 shall be conducted in all respects as
a de novo trial, or arbitration, on the merits, in which (i) Indemnitee shall not be prejudiced by reason of that adverse determination, and (ii) the Company shall bear the burden of establishing that Indemnitee is not
entitled to indemnification. 
 (c)    If a determination shall have been made pursuant to
Section 9(d) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this
Section 10, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for
indemnification, or (ii) a prohibition of such indemnification under Delaware corporate law. 

(d)    The Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any
judicial proceeding or arbitration commenced pursuant to this Section 10 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such
arbitrator that the Company is bound by all the provisions of this Agreement. 

11.        Insurance; Subrogation; Other Rights of Recovery, etc. 

 

	 	(a)	 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, and incurred by, Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s
Corporate Status, or arising out of Indemnitee’s status as such, whether or not the Company would have the power to indemnify Indemnitee against such liability. 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 and/or officer of the Company. If the Company has such insurance in effect at the time it receives from Indemnitee any notice of the commencement of an action, suit,
proceeding or other claim, the Company shall give prompt notice 

  
 9 

	 	
of the commencement of such action, suit, proceeding or other claim to the insurers and take such other actions in accordance with the procedures set forth in the policy as required or
appropriate to secure coverage of Indemnitee for such action, suit, proceeding or other claim. 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 action, suit, proceeding or other claim in accordance with the terms of such policy. The Company shall continue to provide such insurance coverage to Indemnitee for a period of at least seven (7) years after Indemnitee ceases to
serve as a director or in any other Corporate Status. 

  

	 	(b)	 In the event of any payment by the Company under this Agreement, the Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee against any other Ensemble Entity, and Indemnitee hereby agrees, as a condition to obtaining any advancement or indemnification from the Company, to assign the Company all of
Indemnitee’s rights to obtain from such other Ensemble Entity such amounts to the extent that they have been paid by the Company to or for the benefit of Indemnitee as advancement or indemnification under this Agreement and are adequate to
indemnify Indemnitee with respect to the costs, Expenses or other items to the full extent that Indemnitee is entitled to indemnification or other payment hereunder; and Indemnitee will (upon request by the Company) execute all papers required and
use reasonable best efforts to take all action reasonably necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit or enforce such rights. 

 

	 	(c)	 The Company hereby acknowledges that the rights to indemnification, advancement of expenses and/or insurance
provided pursuant to this Agreement may also be provided to certain Indemnitees by one or more of their respective affiliates (other than the Ensemble Entities) or their insurers (collectively, the “Affiliate Indemnitors”). The
Company hereby agrees that, as between the Company, on the one hand, and the Affiliate Indemnitors, on the other hand, (i) the Company is the full indemnitor of first resort and the Affiliate Indemnitors are the full indemnitors of second
resort with respect to all such indemnifiable claims against such Indemnitees, whether arising under this Agreement or otherwise (i.e., the obligations of the Company to such Indemnitees are primary and any obligation of the Affiliate Indemnitors to
advance expenses or to provide indemnification for the same expenses or liabilities incurred by such Indemnitees are secondary), (ii) upon receipt by the Company of an undertaking by or on behalf of such Indemnitees to repay such amount if it shall
be determined that the Indemnitee is not entitled to be indemnified as authorized by this Agreement or otherwise, the Company shall be required to advance the full amount of expenses incurred by such Indemnitees and shall be liable for the full
amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as required by the terms of this Agreement, the Company’s certificate of incorporation and bylaws (or any other agreement
between the Company and such Indemnitees), without regard to any rights such Indemnitees may have against the Affiliate Indemnitors and (iii) the Company irrevocably waives, relinquishes and releases the Affiliate

  
 10 

	 	
Indemnitors from any and all claims against the Affiliate Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company agrees to indemnify the
Affiliate Indemnitors directly for any amounts that the Affiliate Indemnitors pay as indemnification or advancement on behalf of any such Indemnitee and for which such Indemnitee may be entitled to indemnification from the Company in connection with
serving as a director and/or officer of the Company. The Company further agrees that no advancement or payment by the Affiliate Indemnitors on behalf of any such Indemnitee with respect to any claim for which such Indemnitee has sought
indemnification from the Company shall affect the foregoing and the Affiliate Indemnitors shall be subrogated to the extent of such advancement or payment to all of the rights of recovery of such Indemnitee against the Company, and the Company shall
cooperate with the Affiliate Indemnitors in pursuing such rights. 

  

	 	(d)	 Except as provided in Sections 11(c), the Company shall not be liable to pay or advance to Indemnitee
any amounts otherwise indemnifiable under this Agreement or under any other indemnification agreement if, and to the extent that, Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

  

	 	(e)	 The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee in respect of or
relating to Indemnitee’s service at the request of the Company as a director, officer, employee, fiduciary, trustee, representative, partner or agent of any other Ensemble Entity shall be reduced by any amount Indemnitee has actually received
as payment of indemnification or advancement of Expenses from such other Ensemble Entity, except to the extent that such indemnification payments and advance payment of Expenses when taken together with any such amount actually received from other
Ensemble Entities or under director and officer insurance policies maintained by one or more Ensemble Entities are inadequate to fully pay all costs, Expenses or other items to the full extent that Indemnitee is otherwise entitled to indemnification
or other payment hereunder. 

  

	 	(f)	 Except as provided in Sections 11(c), 11(d) and 11(e) of this Agreement, the rights to
indemnification and advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time, whenever conferred or arising, be entitled under applicable Delaware corporate law,
under the Ensemble Entities’ organizational documents, or under any other agreement, vote of stockholders or resolution of directors of any Ensemble Entity, or otherwise. Indemnitee’s rights under this Agreement are present contractual
rights that fully vest upon Indemnitee’s first service as a director and/or officer of the Company. The Parties hereby agree that Sections 11(c), 11(d) and 11(e) of this Agreement shall be deemed
exclusive and shall be deemed to modify, amend and clarify any right to indemnification or advancement provided to Indemnitee under any other contract, agreement or document with any Ensemble Entity. 

  
 11 

	 	(g)	 No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any
right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the General Corporation Law of
the State of Delaware (or other applicable law), whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Ensemble Entities’ organizational documents and this
Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change. No change in applicable law shall have the effect of reducing the benefits available to Indemnitee hereunder
based on Delaware law as in effect on the date hereof. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

12.        Employment Rights; Successors; Third Party Beneficiaries. 

 

	 	(a)	 This Agreement shall not be deemed an employment contract between the Company and Indemnitee. This Agreement
shall continue in force as provided above after Indemnitee has ceased to serve as a director and/or officer of the Company or any other Corporate Status. 

  

	 	(b)	 This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit
of Indemnitee and Indemnitee’s heirs, executors and administrators. If the Company or any of its successors or assigns shall (i) consolidate with or merge into any other corporation or entity and shall not be the continuing or surviving
corporation or entity of such consolidation or merger or (ii) transfer all or substantially all of its properties and assets to any individual, corporation or other entity, then, and in each such case, proper provisions shall be made so that
the successors and assigns of the Company shall assume all of the obligations set forth in this Agreement. 

  

	 	(c)	 The Affiliate Indemnitors are express third party beneficiaries of this Agreement, are entitled to rely upon
this Agreement, and may specifically enforce the Company’s obligations hereunder (including but not limited to the obligations specified in Section 11 of this Agreement) as though a party hereunder.

 13.        Severability. If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; (ii) such provision or provisions shall be
deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (iii) to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

  
 12 

 14.        Exception to Right of Indemnification
or Advancement of Expenses. Notwithstanding any other provision of this Agreement and except as provided in Section 7(a) of this Agreement or as may otherwise be agreed by the Company, Indemnitee shall not be entitled
to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee (other than a Proceeding by Indemnitee (i) by way of defense or counterclaim or other similar portion of a Proceeding,
(ii) to enforce any other rights of Indemnitee to indemnification, advancement or contribution from the Company under this Agreement, or under any other contract, by-laws or charter or under statute or
other law, including any rights under Section 145 of the Delaware General Corporation Law, or (iii) after a Change in Control), unless the bringing of such Proceeding or making of such claim shall have been approved by the Board of
Directors or similar governing body of the Company. 
 15.        Definitions. For purposes
of this Agreement: 
  

	 	(a)	 “Board of Directors” means the board of directors of the Company. 

 

	 	(b)	 “By-laws” means, in each case, the bylaws or similar
governing document of the relevant entity as amended from time to time. 

  

	 	(c)	 “Certificate of Incorporation” means, in each case, the certificate of incorporation, articles
of incorporation or similar constituting document as amended from time to time. 

  

	 	(d)	 “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 20% 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 and any new director whose election by the Board 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 that 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 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding

  
 13 

	 	
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
(in one transaction or a series of transactions) of all or substantially all of the Company’s assets. 

  

	 	(e)	 “Corporate Status” describes the status of a person by reason of such person’s past,
present or future service as a director, officer, employee, fiduciary, trustee, or agent of the Company (including, without limitation, one who serves at the request of the Company as a director, officer, managing member, employee, fiduciary,
trustee or agent of any other Ensemble Entity), in all cases whether or not Indemnitee is acting or serving in any such capacity or has such status at the time any Expenses are incurred for which indemnification, advancement or any other right can
be provided by this Agreement. 

  

	 	(f)	 “Determination” means a determination that either (x) there is a reasonable basis for the
conclusion that indemnification of Indemnitee is proper in the circumstances because Indemnitee met a/the particular standard(s) of conduct (a “Favorable Determination”) or (y) there is no reasonable basis for the conclusion
that indemnification of Indemnitee is proper in the circumstances because Indemnitee met a/the particular standard(s) of conduct (an “Adverse Determination”). An Adverse Determination shall include the decision that a Determination
was required in connection with indemnification and the decision as to the applicable standard of conduct. 

  

	 	(g)	 “Disinterested Director” means a director of the Company who is not and was not a party to the
Proceeding in respect of which indemnification is sought by Indemnitee and does not otherwise have an interest materially adverse to any interest of the Indemnitee. 

 

	 	(h)	 “Expenses” shall mean all direct and indirect costs, fees and expenses of any type or nature
whatsoever and shall specifically include, without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees and costs of experts, witness fees and costs, travel expenses, duplicating costs, printing and binding
costs, telephone charges, postage, delivery service fees, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, ERISA excise taxes and penalties, and all
other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness, in, or otherwise participating in, a Proceeding or an
appeal resulting from a Proceeding, including, but not limited to, the premium for appeal bonds, attachment bonds or similar bonds and all interest, assessments and other charges paid or payable in connection with or in respect of any such Expenses,
and shall also specifically include, without limitation, all reasonable attorneys’ fees and all other expenses incurred by or on behalf of Indemnitee in connection with preparing and submitting any requests or statements for indemnification,
advancement, contribution or any other right provided by this Agreement. Expenses, however, shall not include amounts of judgments or fines against Indemnitee. 

  
 14 

	 	(i)	 “Ensemble Entity” means the Company, Ensemble Health Partners Holdings, LLC
(“Ensemble”), any of their respective subsidiaries and any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise with respect to which Indemnitee serves as a
director, officer, employee, partner, representative, fiduciary, trustee or agent, or in any similar capacity, at the request of the Company or Ensemble. 

  

	 	(j)	 “Independent Counsel” means, at any time, any law firm, or a member of a law firm, that
(a) is experienced in matters of corporation law and (b) is not, at such time, or has not been in the five years prior to such time, retained to represent: (i) any Ensemble Entity or Indemnitee in any matter material to either such
party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnities under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any
and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto and to be jointly and severally liable therefor. 

 

	 	(k)	 “Proceeding” includes any actual, threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation (formal or informal), inquiry, administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of any Ensemble Entity or otherwise and
whether civil, criminal, administrative or investigative in nature, in which Indemnitee was, is, may be or will be involved as a party, witness or otherwise, by reason of Indemnitee’s Corporate Status or by reason of any action taken by
Indemnitee or of any inaction on Indemnitee’s part while acting as director, officer, employee, fiduciary, trustee or agent of any Ensemble Entity (in each case whether or not Indemnitee is acting or serving in any such capacity or has such
status at the time any liability or expense is incurred for which indemnification or advancement of Expenses can be provided under this Agreement). If Indemnitee believes in good faith that a given situation may lead to or culminate in the
institution of a Proceeding, this shall be considered a Proceeding under this paragraph. 

  

	 	(l)	 “Voting Securities” means any securities of the Company that vote generally in the election of
directors. 

  
 15 

 16.        Construction. Whenever required by
the context, as used in this Agreement the singular number shall include the plural, the plural shall include the singular, and all words herein in any gender shall be deemed to include (as appropriate) the masculine, feminine and neuter genders.

 17.        Reliance. The Company expressly confirms and agrees that it has entered into
this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director and/or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director
and/or officer of the Company. 
 18.        Modification and Waiver. No supplement,
modification or amendment of this Agreement shall be binding unless executed in a writing identified as such by all of the parties hereto. Except as otherwise expressly provided herein, the rights of a party hereunder (including the right to enforce
the obligations hereunder of the other parties) may be waived only with the written consent of such party, and 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. 
 19.        Notice
Mechanics. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication
shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 
  

	 	(a)	 If to Indemnitee to: 

[DIRECTOR CONTACT INFORMATION] 
  

	 	(b)	 If to the Company, to: 

 

			
		  	 Ensemble Health Partners Holdings, LLC

		  	 4605 Duke Drive

		  	 Mason, OH 45040

		  	 Attn: Chief Executive Officer; General Counsel

		  	 E-mail: judson.ivy@ensemblehp.com;

van.miller@ensemblehp.com

		
	 with a copy to:
	  	Ropes & Gray LLP
		  	 3 Embarcadero Center

		  	 San Francisco, California 94111

		  	 Attention: Thomas Holden and Eric Issadore

		  	 E-mail: thomas.holden@ropesgray.com;

eric.issadore@ropesgray.com

 or to such other address as may have been furnished (in the manner prescribed above) as follows: (a) in the case of a
change in address for notices to Indemnitee, furnished by Indemnitee to the Company and (b) in the case of a change in address for notices to the Company, furnished by the Company to Indemnitee. 

  
 16 

 20.        Contribution. To the fullest
extent permissible under Delaware corporate law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred
by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for reasonably incurred Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such
proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving
cause to such Proceeding; and/or (ii) the relative fault of the Company (and its other directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

21.        Governing Law; Submission to Jurisdiction; Appointment of Agent for Service of
Process. This Agreement and the legal relations among the parties shall, to the fullest extent permitted by law, be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of
laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Court of Chancery of the State of Delaware
(the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of
any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any
claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or otherwise inconvenient forum. 

22.        Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

23.        Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. 

[Remainder of Page Intentionally Blank] 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
first above written. 
  

					
	Company:	 		 	ENSEMBLE HEALTH PARTNERS, INC.
			
		 		 	
By:                         
                                         
                        

Name:
 Title:

			
		 		 	  

	Indemnitee:	 		 	Name: [NAME OF INDEMNITEE]

  
 [Signature Page to
Indemnification Agreement]

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