Document:

Exhibit 10.29

				INDEMNIFICATION AGREEMENT

				     AGREEMENT, dated as of March 17, 2019 (this “Agreement”), between New Fortress Energy LLC, a Delaware limited liability company (the “Company”), and Yunyoung Shin (“Indemnitee”).

				     WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available;

				     WHEREAS, Indemnitee is a director and/or officer of the Company;

				     WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies in today’s environment;

				     WHEREAS, the Company’s Limited Liability Company Agreement, as amended from time to time (“LLC Agreement”) requires the Company to indemnify and advance expenses to its directors and officers to the fullest extent permitted by law and the Indemnitee has been serving and continues to serve as a director and/or officer of the Company in part in reliance on such LLC Agreement;

				     WHEREAS, uncertainties as to the availability of indemnification created by recent court decisions may increase the risk that the Company will be unable to retain and attract as directors and officers the most capable persons available;

				     WHEREAS, the board of directors of the Company (“Board of Directors”) has determined that the inability of the Company to retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company and that the Company therefore should seek to assure such persons that indemnification and insurance coverage will be available in the future;

				     WHEREAS, the parties intend that any rights the Indemnitee may have from Indemnitee-Related Entities (as defined herein) shall be secondary to the primary obligation of the Company to indemnify and hold harmless the Indemnitee under this Agreement; and

				     WHEREAS, in recognition of Indemnitee’s need for protection against personal liability, and in part to provide Indemnitee with specific contractual assurance that the protection promised by the Company’s LLC Agreement will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of such LLC Agreement or any change in the composition of the Company’s Board of Directors or acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and for the continued coverage of Indemnitee under the directors’ and officers’ liability insurance policy of the Company.

				     NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the Company directly or, at its request, another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows:

				1.   Certain Definitions. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement:

					 	(a)	Claim: means any threatened, asserted, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any arbitration or other alternative dispute resolution mechanism, or any appeal of any kind thereof, or any inquiry or investigation, whether instituted by (or in the right of) the Company or any governmental agency or any other person or entity, in which Indemnitee was, is, may be or will be involved as a party, witness or otherwise.

					 	(b)	ERISA: means the Employee Retirement Income Security Act of 1974, as amended.

					 	(c)	Expenses: include attorneys’ fees and all other direct or indirect costs, expenses and obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in settlement with the approval of the Company, and counsel fees and disbursements (including, without limitation, experts’ fees, court costs, retainers, appeal bond premiums, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in 

			

				
			

				
			

 

	

				connection with investigating, prosecuting, defending, being a witness in or participating in (including on appeal), or preparing to investigate, prosecute, defend, be a witness in or participate in, any Claim relating to any Indemnifiable Event, and shall include (without limitation) all attorneys’ fees and all other expenses incurred by or on behalf of an Indemnitee in connection with preparing and submitting any requests or statements for indemnification, advancement or any other right provided by this Agreement (including, without limitation, such fees or expenses incurred in connection with legal proceedings contemplated by Section 2(d) hereof). 

					 	(d)	Indemnifiable Amounts: means (i) any and all liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes or amounts paid in settlement) arising out of or resulting from any Claim relating to an Indemnifiable Event, (ii) any liability pursuant to a loan guaranty or otherwise, for any indebtedness of the Company or any subsidiary of the Company, including, without limitation, any indebtedness which the Company or any subsidiary of the Company has assumed or taken subject to, and (iii) any liabilities which an Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in connection with the operation, administration or maintenance of an employee benefit plan or any related trust or funding mechanism (whether such liabilities are in the form of excise taxes assessed by the United States Internal Revenue Service, penalties assessed by the Department of Labor, restitutions to such a plan or trust or other funding mechanism or to a participant or beneficiary of such plan, trust or other funding mechanism, or otherwise).

					 	(e)	Indemnifiable Event: means any event or occurrence, whether occurring before, on or after the date of this Agreement, related to the fact that Indemnitee is or was a director and/or officer or fiduciary of the Company, or is or was serving at the request of the Company as a director, officer, employee, manager, member, partner, tax matter partner, trustee, agent, fiduciary or similar capacity, of another company, corporation, limited liability company, partnership, joint venture, employee benefit plan, trust or other entity or enterprise, or by reason of anything done or not done by Indemnitee in any such capacity (in all cases whether or not Indemnitee is acting or serving in any such capacity or has such status at the time any Indemnifiable Amount is incurred for which indemnification, advancement or any other right can be provided by this Agreement). The term “Company,” where the context requires when used in this Agreement, may be construed to include such other company, corporation, limited liability company, partnership, joint venture, employee benefit plan, trust or other entity or enterprise.

					 	(f)	Indemnitee-Related Entities: means any company, corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise (other than the Company or any other company, corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director, officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of Expenses with respect to which, in whole or in part, the Company may also have an indemnification or advancement obligation.

					 	(g)	Jointly Indemnifiable Claim: means any Claim for which the Indemnitee may be entitled to indemnification from both an Indemnitee-Related Entity and the Company pursuant to applicable law, any indemnification agreement or the certificate of incorporation, by-laws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or comparable organizational documents of the Company and an Indemnitee-Related Entity.

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

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

			

				
			

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				2.   Basic Indemnification Arrangement; Advancement of Expenses. 

					 	(a)	In the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee, or cause Indemnitee to be indemnified, to the fullest extent permitted by law as soon as practicable but in any event no later than thirty (30) days after written demand is presented to the Company, and hold Indemnitee harmless against any and all Indemnifiable Amounts.

					 	(b)	If so requested by Indemnitee, the Company shall advance, or cause to be advanced (within two business days of such request), any and all Expenses incurred by Indemnitee (an “Expense Advance”). The Company shall, in accordance with such request (but without duplication), either (i) pay, or cause to be paid, such Expenses on behalf of Indemnitee, or (ii) reimburse, or cause the reimbursement of, Indemnitee for such Expenses. Subject to Section 2(d), Indemnitee’s right to an Expense Advance is absolute and shall not be subject to any prior determination by the Reviewing Party that the Indemnitee has satisfied any applicable standard of conduct for indemnification.

					 	(c)	Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification or advancement of Expenses pursuant to this Agreement in connection with any Claim initiated by Indemnitee unless (i) the Company has joined in or the Board of Directors has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce Indemnitee’s rights under this Agreement.

					 	(d)	Notwithstanding the foregoing, (i) the indemnification obligations of the Company under Section 2(a) shall be subject to the condition that the Reviewing Party shall not have determined that Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an Expense Advance pursuant to Section 2(b) shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid (it being understood and agreed that the foregoing agreement by Indemnitee shall be deemed to satisfy any requirement that Indemnitee provide the Company with an undertaking to repay any Expense Advance if it is ultimately determined that the Indemnitee is not entitled to indemnification under applicable law); provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitee’s undertaking to repay such Expense Advances shall be unsecured and interest-free. The Reviewing Party shall be selected by the Board of Directors. If there has been no determination by the Reviewing Party within thirty (30) days after written demand is presented to the Company or if the Reviewing Party determines that Indemnitee would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation in any court in the State of New York or the State of Delaware having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee.

				3.   Indemnification for Additional Expenses. The Company shall indemnify, or cause the indemnification of, Indemnitee against any and all Expenses and, if requested by Indemnitee, shall advance such Expenses to Indemnitee subject to and in accordance with Section 2(b), which are incurred by Indemnitee in connection with any action brought by Indemnitee for (i) indemnification or an Expense Advance by the Company under this Agreement or any provision of the Company’s LLC Agreement now or hereafter in effect and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether 

			

				
			

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				Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be; provided that Indemnitee shall be required to reimburse such Expenses in the event that a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or lapsed) that such action brought by Indemnitee, or the defense by Indemnitee of an action brought by the Company or any other person, as applicable, was frivolous or in bad faith.

				4.   Partial Indemnity, Etc. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses or other Indemnifiable Amounts in respect of a Claim but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection therewith.

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

				6.   Reliance as Safe Harbor. For purposes of this Agreement, Indemnitee shall be deemed to have acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Company in the course of their duties, or by committees of the Board of Directors, or by any other person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

				7.   No Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under applicable law shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any particular belief.

				8.   Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the Company’s LLC Agreement or the Delaware Limited Liability Company Act or otherwise. To the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s LLC Agreement or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. To the extent that there is a conflict or inconsistency between the terms of this Agreement or the Company’s LLC Agreement, it is the intent of the parties hereto that the Indemnitee shall enjoy the greater benefits regardless of whether contained herein or in the Company’s LLC Agreement. No amendment or alteration of the Company’s LLC Agreement or any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement.

				9.   Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for the Company’s directors and officers. If the Company has such insurance in effect at the time the Company receives from Indemnitee any 

			

				
			

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				notice of the commencement of an action, suit or proceeding, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy.

				10.   Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern.

				11.   Amendments, Etc. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

				12.   Subrogation. Subject to Section 13 hereof, in the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or reimburse all Expenses actually and reasonably incurred by Indemnitee in connection with such subrogation.

				13.   Jointly Indemnifiable Claims. Given that certain Jointly Indemnifiable Claims may arise due to the relationship between the Indemnitee-Related Entities and the Company and the service of the Indemnitee as a director and/or officer of the Company at the request of the Indemnitee-Related Entities, the Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to the Indemnitee in respect of indemnification and advancement of expenses in connection with any such Jointly Indemnifiable Claim, pursuant to and in accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee may have from the Indemnitee-Related Entities. Under no circumstance shall the Company be entitled to any right of subrogation or contribution by the Indemnitee-Related Entities and no right of recovery the Indemnitee may have from the Indemnitee-Related Entities shall reduce or otherwise alter the rights of the Indemnitee or the obligations of the Company hereunder. In the event that any of the Indemnitee-Related Entities shall make any payment to the Indemnitee in respect of indemnification or advancement of Expenses with respect to any Jointly Indemnifiable Claim, the Company agrees that such payment or advancement shall not extinguish or affect in any way the rights of the Indemnitee under this Agreement and further agrees that the Indemnitee-Related Entity making such payment shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee against the Company. Each of the Indemnitee-Related Entities shall be third-party beneficiaries with respect to this Section 13, entitled to enforce this Section 13 against the Company as though each such Indemnitee-Related Entity were a party to this Agreement.

				14.   No Duplication of Payments. Subject to Section 13 hereof, the Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, or any provision of the Company’s LLC Agreement or otherwise) of the amounts otherwise indemnifiable hereunder.

				15.   Defense of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event or to assume the defense thereof, with counsel reasonably satisfactory to the Indemnitee; provided that if Indemnitee believes, after consultation with counsel selected by Indemnitee, that (i) the use of counsel chosen by the Company to represent Indemnitee would present such counsel with an actual or potential conflict of interest, (ii) the named parties in any such Claim (including any impleaded parties) include both the Company, or any subsidiary of the Company, and Indemnitee and Indemnitee concludes that there may be one or more legal defenses available to him or her that are different from or in addition to those available to the Company or any subsidiary of the Company, or (iii) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then Indemnitee shall 

			

				
			

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				be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Claim) at the Company’s expense. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any Claim relating to an Indemnifiable Event effected without the Company’s prior written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any Claim relating to an Indemnifiable Event which the Indemnitee is or could have been a party unless such settlement solely involves the payment of money and includes a complete and unconditional release of Indemnitee from all liability on all claims that are the subject matter of such Claim. Neither the Company nor Indemnitee shall unreasonably withhold, condition or delay its or his or her consent to any proposed settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of Indemnitee. In no event shall Indemnitee be required to waive, prejudice or limit attorney-client privilege or work-product protection or other applicable privilege or protection.

				16.   No Adverse Settlement. The Company shall not seek, nor shall it agree to, consent to, support, or agree not to contest any settlement or other resolution of any Claim(s), or settlement or other resolution of any other claim, action, proceeding, demand, investigation or other matter that has the actual or purported effect of extinguishing, limiting or impairing Indemnitee’s rights hereunder, including without limitation the entry of any bar order or other order, decree or stipulation, pursuant to 15 U.S.C. § 78u-4 (the Private Securities Litigation Reform Act), or any similar foreign, federal or state statute, regulation, rule or law.

				17.   Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, (including any direct or indirect successor or continuing company by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee and his or her counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer and/or director of the Company or of any other entity or enterprise at the Company’s request.

				18.   Security. To the extent requested by Indemnitee and approved by the Board of Directors, the Company may at any time and from time to time provide security to Indemnitee for the obligations of the Company hereunder through an irrevocable bank line of credit, funded trust or other collateral or by other means. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of such Indemnitee.

				19.   Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to the terms of this Agreement.

				20.   Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated by the Company, Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute proceedings, either in law or at equity, to obtain damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue.

			

				
			

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				21.   Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained in a written document delivered in person or sent by nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter be designated on the signature pages of this Agreement or in writing by such party to the other parties:

					
								(a)

								
								If to the Company, to:

							
	
								 

								
								 

								
								 

							
	
								 

								
								New Fortress Energy LLC

							
	
								 

								
								111 W. 19th Street, 8th Floor

							
	
								 

								
								New York, New York 10011

							
	
								 

								
								Attention: Cameron D. MacDougall, Esq.

							
	
								 

								
								Email: cmacdougall@fortress.com

							
	
								 

								
								 

								
								 

							
	
								 

								
								with a copy (which shall not constitute notice) to:

							
	
								 

								
								 

								
								 

							
	
								 

								
								Vinson & Elkins L.L.P.

							
	
								 

								
								1001 Fannin Street, Suite 2500

							
	
								 

								
								Houston, Texas 77002

							
	
								 

								
								Fax: (713) 758-2346

							
	
								 

								
								Attn: 

								
								David P. Oelman

							
	
								 

								
								 

								
								E. Ramey Layne

							
	
								 

								
								Email: doelman@velaw.com; rlayne@velaw.com

							
	
								 

								
								 

								
								 

							
	
								(b)

								
								If to the Indemnitee, to the address set forth on the signature page hereto.

							

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

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

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

				24.   Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws.

			

				
			

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

					
								 

								
								New Fortress Energy LLC

							
	
								 

								
								 

								
								 

								
								 

							
	
								 

								
								By:

								
								/s/ Christopher S. Guinta

							
	
								 

								
								 

								
								Name:

								
								Christopher S. Guinta

							
	
								 

								
								 

								
								Title:

								
								Chief Financial Officer

							

					
								 

								
								Indemnitee

							
	
								 

								
								 

								
								 

								
								 

							
	
								 

								
								By:

								
								/s/ Yunyoung Shin

							
	
								 

								
								 

								
								Name:

								
								Yunyoung ShinExhibit 10.1

      

      

      

        

      

      AMENDED AND RESTATED IONIS PHARMACEUTICALS, INC.

      STRATEGIC ADVISORY SERVICES AGREEMENT

      (“SUMMARY PAGE”)

      This Amended and Restated Strategic Advisory Services Agreement is entered into and made effective as of March 22, 2019, and amends and restates the
          Strategic Advisory Service Agreement dated January 15, 2018, by and between B. Lynne Parshall and Ionis Pharmaceuticals, Inc. (“Ionis”)

      

      

      	
              Date of Strategic Advisory Services Agreement: (“Agreement”)

            	 	
              January 15, 2018 (“Effective

                    Date”).  Effective Date of Amendment and Restatement March 22, 2019.

            
	 	 	 
	
              Name of Strategic Advisor:

            	 	
              B. Lynne Parshall (hereinafter “Strategic Advisor”).

            
	 	 	 
	
              Scope of Strategic Advisory Services:

            	 	
              As set forth on Schedule A attached hereto.

            
	 	 	 
	
              Duration of Strategic Advisory Services (the “Strategic Advisory Period”):

            	 	
              Until termination by Ionis or Strategic Advisor in accordance with Section 8 of Exhibit A below.

            
	 	 	 
	
              Consideration for Strategic Advisory Services:

            	 	
              As set forth on Schedule B attached hereto.

            
	 	 	 
	
              Time Provided by Strategic Advisor:

            	 	
              As set forth on Schedule A attached hereto.

            

      

      

      In addition to such compensation, Ionis will reimburse Strategic Advisor for Ionis approved travel and other out-of-pocket costs reasonably
          incurred in the course of performing Strategic Advisory Services under this Agreement as further described on Schedule B attached hereto.

      

      

      Strategic Advisor agrees to provide Ionis with Strategic Advisory Services on the terms described above and according to the additional terms attached
          hereto as Exhibit A.  In this Agreement references to Ionis, including but not limited to Sections 3-6 of Exhibit A, will include Ionis’ affiliate companies where applicable.

      

      

      	 	
              Strategic Advisor

            	 	
              Ionis Pharmaceuticals, Inc.

            
	
              By (Signature):

            	
              /s/ B. Lynne Parshall

            	 	
              /s/ Stanley T. Crooke

            
	 	 	 	 
	
              Date:

            	

            	 	
              3/21/19

            
	
              Printed Name:

            	
              B. Lynne Parshall

            	 	Stanley T. Crooke

            
	
              Title:

            	
              Individual

            	 	 
	
              Address:

            	
              Provided Separately

            	 	
              2855 Gazelle Court,

              Carlsbad, CA 92010

            
	
              Telephone:

            	
              Provided Separately

            	 	
              760-931-9200

            
	
              Fax:

            	
              Provided Separately

            	 	
              760-603-3820

            
	
              e-mail:

            	
              Provided Separately

            	 	 

       

        

      Social Security or Employer Tax ID Number to be provided separately via W-9 form or foreign equivalent.

      

      

      
        1 of 12

        
          

      

      EXHIBIT A

      

      

      TERMS OF STRATEGIC ADVISORY AGREEMENT

      

      

      
        	
                1.

              	
                Engagement of Services

              

      

      

      

      Strategic Advisor is retained to perform certain services, as needed and requested by Ionis, which services are specifically described on Schedule A
          attached hereto (“Strategic Advisory Services”).  Strategic Advisor will perform such Strategic Advisory Services to the best of
          Strategic Advisor’s talent and ability.

      

      

      
        	
                2.

              	
                Compensation

              

      

      

      

      As full and complete compensation for Strategic Advisory Services and for the discharge of all of Strategic Advisor’s obligations hereunder, Ionis will
          pay Strategic Advisor at the rate set forth on Schedule B attached hereto. Strategic Advisor will invoice Ionis on a quarterly basis for Strategic Advisor fees and reimbursable expenses, and Ionis, upon its approval, will pay all undisputed fees
          and expenses within 30 days after Ionis’ receipt of the invoice.

      

      

      
        	
                3.

              	
                Independent Contractor

              

      

      

      

      Strategic Advisor is an independent contractor and not an employee of Ionis.  Strategic Advisor has no authority to obligate Ionis by contract or
          otherwise.  Strategic Advisor will not be eligible for any employee benefits.  Taxes will be the sole responsibility of Strategic Advisor.

      

      

      
        	
                4.

              	
                Additional Activities

              

      

      

      

      
        
          	(a)	
                  Strategic Advisor agrees that during the Strategic Advisory Period and for one year thereafter, Strategic Advisor will not attempt to induce any employee or employees of
                      Ionis to terminate their employment with, or otherwise cease their relationship with Ionis.

                

        

      

      

      

      
        
          	(b)	
                  Strategic Advisor acknowledges that Ionis has developed, through an extensive acquisition process, valuable information regarding actual or prospective partners,
                      licensors, licensees, clients, customers and accounts of Ionis (“Trade Secret Information”). Strategic Advisor acknowledges
                      that Strategic Advisor’s use of such Trade Secret Information after the termination of the Strategic Advisory Period would cause Ionis irreparable harm. Therefore, Strategic Advisor also agrees that Strategic Advisor will not utilize
                      any Trade Secret Information to solicit the business relationship or patronage of any of the actual or prospective partners, licensors, licensees, clients, customers or accounts of Ionis.

                

        

      

      

      

      
        
          	(c)	
                  The restrictions set forth in this Section 4 are considered by the parties to be reasonable for the purposes of protecting Ionis’ business.  However, if any such
                      restriction is found by a court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it will be interpreted to extend
                      only over the maximum period of time, range of activities or geographic areas as to which it may be enforceable.

                

        

      

      

      

      
        2 of 12

        
          

      

      
        	
                5.

              	
                Confidential Information

              

      

      

      

      
        
          	(a)	
                  Ionis possesses confidential information that has been created, discovered, developed by, or otherwise become known to Ionis (including, without limitation, information
                      created, discovered, developed or made known by Strategic Advisor arising from the Strategic Advisory Services).

                

        

      

      

      

      
        
          	

                	(i)	
                  All such information is hereinafter referred to as “Confidential
                        Information.”  By way of illustration, but not limitation, Confidential Information includes:  (A) inventions, developments, designs, improvements, trade secrets, ideas, formulas, source and object codes, programs, other
                      works of authorship, organisms, plasmids, expression vectors, know-how, processes, cell lines, discoveries, techniques, data and documentation systems (hereinafter collectively referred to as “Inventions”); and (B) information regarding plans for research, development, new products, clinical data, pre-clinical product data, clinical trial
                      patient data, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, as well as information regarding the skills and compensation of employees of Ionis.

                

        

      

      

      

      
        
          	

                	(ii)	
                  All Confidential Information will be the sole property of Ionis and its assigns, and Ionis and its assigns will be the sole owner of all patents, copyrights and other
                      rights in connection with such Confidential Information.  At all times, both during the term of this Agreement and for five years after its termination, Strategic Advisor will keep in confidence and trust all Confidential Information
                      and will not use, disclose, lecture upon or publish any Confidential Information or anything related to such information without Ionis’ prior written consent.  Any permitted disclosures will be made in strict compliance with the Ionis
                      publication and presentation clearance policy.

                

        

      

      

      

      
        
          	(b)	
                  Strategic Advisor also understands that Ionis has received and in the future, will receive valuable information from third parties that is confidential or proprietary (“Third-Party Information”) subject to a duty on the part of Ionis to maintain the confidentiality of such information and to use
                      it only for certain limited purposes.  During the term of this Agreement and for five years thereafter, Strategic Advisor will hold Third-Party Information in the strictest confidence and will not disclose or use Third-Party
                      Information except as permitted by the agreement between Ionis and such third party, unless expressly authorized to act otherwise by an officer of Ionis in writing.  Any permitted disclosures will be made in strict compliance with
                      Ionis publication and presentation clearance policy.

                

        

      

      

      

      
        
          	(c)	
                  The obligations of Section 5 will not apply to information that Strategic Advisor can establish by written records: (i) was known by Strategic Advisor prior to the
                      receipt of Confidential Information; (ii) was disclosed to Strategic Advisor by a third party having the right to do so; (iii) was, or subsequently became, in the public domain through no fault of Strategic Advisor, its officers,
                      directors, affiliates employees or agents; (iv) was independently developed by Strategic Advisor without use of Confidential Information; or (v) was disclosed by Strategic Advisor pursuant to any judicial, governmental or stock
                      exchange request, requirement or order, so long as Strategic Advisor provided Ionis with sufficient prior notice in order to allow Ionis to contest such request, requirement or order.

                

           

          

        

      

      
        3 of 12

        
          

      

      
        	
                6.

              	
                Inventions

              

      

      

      

      In the course of performing Strategic Advisory Services for Ionis, Strategic Advisor may develop new ideas or Inventions or make other contributions of
          value to Ionis.

      

      

      
        
          	(a)	
                  Strategic Advisor hereby assigns to Ionis Strategic Advisor’s entire right, title and interest in and to any and all Inventions (and all patent rights, copyrights, and
                      all other rights in connection therewith, hereinafter referred to as “Proprietary Rights”) whether or not patentable or
                      registrable under patent, copyright or similar statutes, made or conceived of or reduced to practice or learned by Strategic Advisor, either alone or jointly with others, as a result of performing Strategic Advisory Services
                      hereunder.  All Inventions assigned to Ionis pursuant to this section will be known as “Company Inventions”.  Strategic
                      Advisor agrees that all Proprietary Rights and Company Inventions are Ionis’ sole property.  Strategic Advisor agrees, upon request, to execute, verify and deliver assignments of such Proprietary Rights to Ionis or its designee. 
                      Strategic Advisor understands that, to the extent this Agreement will be construed in accordance with the laws of any state which precludes a requirement in an agreement to assign certain classes of inventions made by an individual
                      acting as a Strategic Advisor, this section will be interpreted not to apply to any inventions that a court rules and/or Ionis agrees falls within such classes.

                

        

      

      

      

      
        
          	(b)	
                  Strategic Advisor further agrees to assist Ionis in every proper way to obtain, from time to time, and to enforce United States and foreign Proprietary Rights relating to
                      Company Inventions in any and all countries.  To that end Strategic Advisor will execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as Ionis may reasonably request for use in
                      applying for, obtaining, sustaining and enforcing such Proprietary Rights relating to Company Inventions.  Strategic Advisor’s obligation to assist Ionis in obtaining and enforcing Proprietary Rights relating to Company Inventions in
                      any and all countries will continue beyond the termination of this Agreement, but Ionis will compensate Strategic Advisor at a reasonable rate after such termination for the time actually spent by Strategic Advisor at Ionis’ request
                      in connection with such assistance.  If Ionis is unable, after reasonable effort, to secure Strategic Advisor’s signature on any document needed to apply for or prosecute any Proprietary Rights relating to a Company Invention,
                      Strategic Advisor hereby irrevocably designates and appoints Ionis and its duly authorized officers and agents as  her agent and attorney in fact, to act for and on Strategic Advisor’s behalf to execute, verify and file any such
                      applications and to do all other lawfully permitted acts to further the prosecution and issuance of any such Proprietary Rights with the same legal force and effect as if executed by Strategic Advisor.

                

           

          

        

      

      
        4 of 12

        
          

      

      
        
          	(d)	
                  During the term of this Agreement, Strategic Advisor will promptly disclose to Ionis, or any persons designated by it, fully and in writing and will hold in trust for the
                      sole right and benefit of Ionis any and all Company Inventions, whether or not patentable or protectable by copyright.  At the time of each such disclosure, Strategic Advisor will advise Ionis in writing of any Inventions that
                      Strategic Advisor believes are not subject to the assignment provisions of Section 6(a) above, and Strategic Advisor will at that time provide to Ionis in writing all evidence necessary to substantiate that belief.  Strategic Advisor
                      will not be obligated to disclose information received by Strategic Advisor from others under a contract of confidentiality.  In addition, after termination of this Agreement, Strategic Advisor will disclose to Ionis all patent
                      applications filed by Strategic Advisor relating to any Company Inventions or relating to any work performed by Strategic Advisor on behalf of Ionis.

                

        

      

      

      

      
        	
                7.

              	
                Previous Strategic Advisory Relationships

              

      

      

      

      Strategic Advisor represents that Strategic Advisor’s performance of Strategic Advisory Services, as well as Strategic Advisor’s performance of the rest
          of Strategic Advisor’s obligations under the terms of this Agreement, will not breach any agreement to keep in confidence any proprietary information acquired by Strategic Advisor in confidence or in trust from another entity prior to the date of
          this Agreement.  Strategic Advisor agrees not to bring to Ionis or to use in the performance of Strategic Advisory Services for Ionis any materials or documents of a present or former employer or client of Strategic Advisor, or any materials or
          documents obtained by Strategic Advisor under a confidentiality agreement imposed by reason of another of Strategic Advisor’s Strategic Advisory relationships, unless such materials or documents are generally available to the public or Strategic
          Advisor has authorization from such present or former employer or client for the possession and unrestricted use of such materials.

      

      

      
        	
                8.

              	
                Termination; Survival

              

      

      

      

      (a)          The term of this Agreement will begin on January 15, 2018 and will end
          when terminated by either Ionis or Strategic Advisor.  Ionis may terminate this Agreement at any time for any reason by providing Strategic Advisor at least 120 days advance written notice.  Strategic Advisor may terminate this Agreement at any
          time for any reason by providing Ionis at least 120 days advance written notice; provided, once Strategic Advisor delivers such a termination notice, Ionis
          may elect to accelerate the effective date of such termination.  Upon any termination, Ionis will pay Strategic Advisor for any Strategic Advisory Services appropriately rendered and for any out of pocket expenses reasonably incurred on behalf of
          Ionis, up to and including the termination date.

      

      

      (b)          Sections 9 and 10, the last sentence of the second paragraph of
          Schedule B and the last paragraph of Schedule B will survive termination of this Agreement.  In addition, upon expiration or termination of this Agreement, each party will be released from all obligations and liabilities to the other occurring or
          arising after the date of such expiration or termination, except that any termination or expiration of this Agreement will not relieve Strategic Advisor of Strategic Advisor’s obligations under Sections 4, 5, 6, 7, 9, 10 and 11 hereof, nor will
          any such expiration or termination relieve Strategic Advisor or Ionis from any liability arising from any breach of this Agreement.  Upon expiration or termination of this Agreement for any reason whatsoever, Strategic Advisor will promptly
          surrender and deliver to Ionis any and all notes, business records, memoranda, specifications, devices, formulas, molecules, cells, storage media, including calculations, sequences, data and other materials of any nature pertaining to Strategic
          Advisory Services for Ionis, as well as any documents or data of any description (or any reproduction of any documents or data) containing or pertaining to any Trade Secret Information, Ionis’ Confidential Information or Third Party Information.

      

      

      
        5 of 12

        
          

      

      
        	
                9.

              	
                Arbitration

              

      

      

      

      
        
          	(a)	
                  Ionis and Strategic Advisor agree to resolve by arbitration all disputes, claims or controversies (“Claims”), past, present or future, whether or not arising out of this Agreement or its termination, that Ionis may have against Strategic Advisor or that Strategic Advisor may have
                      against any of the following (i) Ionis; (ii) Ionis officers, directors; employees or agents; (iii) Ionis’ subsidiary or affiliated entities, joint ventures, or joint employers; (iv) Ionis’ benefit plans or the plans’ sponsors,
                      fiduciaries, administrators, affiliates and agents; and/or (v) all successors and assigns of any of the foregoing.  The Claims covered by this Agreement include all disputes that Ionis or Strategic Advisor could otherwise pursue in
                      state or federal court including, but not limited to, Claims based on any state, federal, or local statute, regulation or ordinance (including Claims for discrimination, retaliation, harassment, unpaid wages or violation of state or
                      federal wage and hour laws), as well as common law Claims (including Claims for breach of contract, breach of the implied covenant of good faith and fair dealing, wrongful discharge, defamation, misrepresentation, fraud, or infliction
                      of emotional distress).  Ionis and Strategic Advisor anticipates that this Section 9 provides the benefits of a speedy, less formal, impartial, final and binding dispute resolution procedure.

                

        

      

      

      

      
        
          	(b)	
                  To the maximum extent permitted by law, Strategic Advisor hereby waives any right to bring on behalf of persons other than Strategic Advisor, or to otherwise participate
                      with other persons in, any class, collective or representative action (i.e. a type of lawsuit in which one or several persons sue on behalf of a larger group of persons).

                

        

      

      

      

      
        
          	(c)	
                  The arbitration will be conducted by a single neutral arbitrator in accordance with the then-current Commercial Arbitration and Mediation Procedures of the American
                      Arbitration Association (“AAA”).  The arbitration will take place in San Diego, California.  Ionis will pay the arbitrator’s
                      fee and will bear all administrative charges by AAA.  All parties will be entitled to engage in reasonable pre-hearing discovery to obtain information to prosecute or defend the asserted claims.  Any disputes between the parties
                      regarding the nature or scope of discovery will be decided by the arbitrator.  The arbitrator will hear and issue a written ruling upon any dispositive motions brought by either party, including but not limited to, motions for summary
                      judgment or summary adjudication of issues.  After the hearing, the arbitrator will issue a written decision setting forth the award, if any, and explaining the basis therefore.  The arbitrator will have the power to award any type of
                      relief that would be available in court.  The arbitrator’s award will be final and binding upon the parties and may be entered as a judgment in any court of competent jurisdiction.  If there is conflict in the arbitration procedures
                      set forth in this Agreement and the AAA rules specified above, the AAA rules will control.  Notwithstanding the foregoing, and regardless of what is provided by the AAA rules, the arbitrator will not have authority or jurisdiction to
                      consolidate claims of different individuals or entities into one proceeding, nor will the arbitrator have authority or jurisdiction to hear the arbitration as a class action.  As noted above, Strategic Advisor has agreed to waive any
                      right to bring any class, collective or representative action.  To the extent that the class, collective or representative action waiver described above is not enforceable, the issue of whether to certify any alleged or putative class
                      for a class action proceeding must be decided by a court of competent jurisdiction.  The arbitrator will not have authority or jurisdiction to decide class certification, collective or representative action issues.  Until any class
                      certification, collective, or representative action issues are decided by the court, all arbitration proceedings will be stayed, and the arbitrator will take no action with respect to the matter.  However, once any issues regarding
                      class certification, collective, or representative action have been decided by the court, the arbitrator will have authority to decide the substantive claims.

                

        

      

      

      

      
        6 of 12

        
          

      

      
        	
                10.

              	
                Indemnification

              

      

      

      

      
        
          	(a)	
                  Ionis will indemnify, defend and hold Strategic Advisor harmless against any and all losses, costs, expenses and damages (including reasonable attorney’s fees)
                      (“Loss(es)”) incurred as a result of any third party claims, suits, actions, demands or proceedings resulting or arising  from the performance of Strategic Advisory Services as specifically directed by Ionis in accordance with the
                      Agreement to the extent such Loss(es) are not the result of Strategic Advisor’s gross negligence, intentional misconduct or material breach of this Agreement.

                

        

      

      

      

      
        
          	(b)	
                  Ionis’ agreement to indemnify, defend and hold  Strategic Advisor harmless is conditioned upon the Strategic Advisor (i) providing written notice to Ionis of any claim,
                      demand or action arising out of the indemnified activities within thirty (30) days after Strategic Advisor has knowledge of such claim, demand or action, provided that the failure to so notify Ionis shall not relieve Ionis of its obligations hereunder except to the extent such failure shall have actually materially prejudiced Ionis; (ii) permitting Ionis to assume
                      full responsibility to investigate, prepare for and defend against any such claim or demand; (iii) assisting Ionis, at Ionis’ reasonable expense, in the investigation of, preparation of and defense of any such claim or demand; (iv)
                      undertaking reasonable steps to mitigate any loss, damage or expense with respect to the applicable claim or demand; and (v) not settling such claim or demand without Ionis’ prior written consent.

                

        

      

      

      

      
        
          	(c)	
                  Ionis will endeavor to include Strategic Advisor as a covered attorney on its insurance policy for attorneys who advise Ionis.

                

        

      

      

      

      
        	
                11.

              	
                Miscellaneous

              

         

        

      

      
        7 of 12

        
          

      

      
        
          	(a)	
                  The rights and liabilities of the parties hereto will bind and inure to the benefit of their respective successors, heirs, executors and administrators, as the case may
                      be; provided that, as Ionis has specifically contracted for Strategic Advisor’s services, Strategic Advisor may not assign or delegate
                      Strategic Advisor’s obligations under this Agreement either in whole or in part without Ionis’ prior written consent.

                

        

      

      

      

      
        
          	(b)	
                  Because Strategic Advisor’s services are personal and unique and because Strategic Advisor has access to and become acquainted with Ionis’ Confidential Information, the
                      parties agree that in the event of a threatened or actual material breach of this Agreement by Strategic Advisor injunctive relief would be appropriate.  As such, Ionis has the right to enforce this Agreement and any of its provisions
                      by injunction, specific performance or other equitable relief without prejudice to any other rights and remedies that Ionis may have for a breach of this Agreement.

                

        

      

      

      

      
        
          	(c)	
                  This Agreement will be governed by and construed according to the laws of the State of California as such laws are applied to contracts entered into and performed
                      entirely within such State.  If any provision of this Agreement is held to be or becomes invalid, illegal or unenforceable, such provision will be validly reformed to approximate as nearly as possible the intent of the parties and the
                      remainder of this Agreement will not be affected thereby and will remain valid and enforceable to the greatest extent permitted by law.

                

        

      

      

      

      
        
          	(d)	
                  This Agreement, and all other documents mentioned herein, constitute the final, exclusive and complete understanding and agreement of the parties hereto and supersedes
                      all prior understandings and agreements.  Any waiver, modification or amendment of any provision of this Agreement will be effective only if in writing and signed by the parties hereto.

                

        

      

      

      

      
        
          	(e)	
                  Any notices required or permitted hereunder will be given to the appropriate party at the address specified on the Summary Page or at such other address as the party will
                      specify in writing.  Such notice will be deemed given upon personal delivery to the appropriate address, or by facsimile transmission (receipt verified and with confirmation copy followed by another permitted method), sent by express
                      courier service, or, if sent by certified or registered mail, three (3) days after the date of mailing.

                

        

      

      

      

      	
              [END OF EXHIBIT A]

            

      

      

      
        8 of 12

        
          

      

      
      SCHEDULE  A

      

      

      Strategic Advisory Services

      

      

      Ionis Board of Directors

      You will serve on the Ionis board of directors as a nonemployee director until your resignation or removal in accordance with Ionis’ corporate charter. 
          Ionis will recommend that you serve on the Agenda committee of the Board, and periodically evaluate your ability to serve on other Board committees to the extent permitted by applicable SEC and Nasdaq rules. You will participate in other Board
          Committee meetings as requested as a non-member.

      

      

      Akcea Board of Directors

      Ionis will recommend that you serve on the Akcea board of directors as a nonemployee director until your resignation or removal in accordance with Akcea’s
          corporate charter. You will serve on the Audit Committee during Akcea’s first year as a public company and as permitted by applicable SEC and Nasdaq rules, and participate in other committees as a member or non-member as requested.

      

      

      Strategic Neurology/Rare Disease Subsidiary Board of Directors

      When Ionis forms a strategic neurological/rare disease focused  subsidiary, you will serve on the board of directors of such subsidiary as a non employee
          director on the same terms as other non employee directors until your resignation or removal in accordance with the subsidiary’s corporate charter.

      

      

      Additional Strategic Advisory Services

      

      

      You will provide Ionis strategic advice regarding Ionis’ business, including but not limited to the following:

      

      

      Through July 1, 2018, you will provide approximately forty hours per week of strategic advice.  After July 1, 2018 and continuing through the end of 2018 it
          is anticipated you will provide approximately five business days of strategic advice each month.  For each year following 2018, you and Ionis will mutually agree on the approximate number of business days each month you will provide strategic
          advice during such year.  You will make yourself generally available for conference calls and in person meetings Ionis invites you to attend.  You will travel to locations as reasonably requested by Ionis, including to Ionis, Akcea, Ionis’
          partners, or other locations where Ionis is conducting corporate development activities (e.g. JP Morgan conference or strategic off-site meetings).  You and Ionis expect that, you will participate in Ionis’ development management committee (DMC)
          meetings, Ionis’ affiliate’s and Biogen joint steering committee meetings, and through July 1, 2018 and thereafter when requested, Ionis’ strategic management meetings (e.g. G8 meetings).  As requested by Ionis, you will facilitate Ionis’
          strategic partnerships and help develop Ionis’ subsidiaries’ and affiliates’ senior management teams.  You will help Ionis’ new CBO be trained and assimilated into Ionis’ business team.  You will help Ionis’ new COO as requested be trained and
          assimilated into Ionis’ business team.  You will work with the CEO, COO and others on strategic planning and direction for the Company.  You will participate in major corporate communication initiatives, including business/financial messaging and
          rebranding project.   You will participate in structuring and negotiating as requested new strategic alliances.  Your advisory services may include providing Ionis legal advice.

       

        

      
        
          
            	
                    Schedule A

                  	
                    Page 1

                  

          

          
            

        

        You and Ionis will reasonably coordinate to have you present on site for board of directors meetings, and a few days before and/or after such meetings to
            perform strategic advisory services.  The time you spend preparing for or attending board of directors or board committee meetings for Ionis, Akcea or any subsidiary will not count towards your commitment to perform additional strategic
            advisory services outlined above, except if you attend Akcea Board committee meetings as an observer on Ionis’ behalf (and Akcea does not compensate you for such attendance), such attendance will count as strategic advisory services.

         

        

        While you are providing such services, Ionis will make an appropriate level of administrative and technical personnel available to facilitate your
            performance of Advisory Services at no cost to you, including, without limitation IT support and access to Ionis’ electronic calendar and IT systems that are necessary to perform your duties.

        

        

        
          
            	
                    Schedule A

                  	
                    Page 2

                  

          

          
            

        

        
        SCHEDULE  B

        

        

        Compensation for Strategic Advisory Services

        

        

        Ionis Board of Directors

        For your service on the Ionis board of directors, starting with the first quarter of 2018, you will receive the same compensation as Ionis provides its
            other nonemployee directors.  You will not receive an initial nonemployee director award. Starting in 2018, you will receive the same annual equity awards as Ionis’ other nonemployee directors.  You will also be eligible for any benefits
            (including any applicable health benefits) Ionis provides to its nonemployee directors.

        

        

        Akcea Board of Directors

        For your service on the Akcea board of directors, you will receive the same compensation as Akcea provides its other nonemployee directors.  On January
            15, 2018, you will receive an initial nonemployee director stock option award of 52,837 shares with an option exercise price equal to the fair market value of Akcea’s stock on that day. Thereafter, you will receive the same annual equity awards
            as Akcea’s other nonemployee /outside directors.

        

        

        Strategic Neurology/Rare Disease Subsidiary Board of Directors

        For your service on the board of directors of Ionis’ strategic neurological/rare disease subsidiary (if formed), you will receive the same compensation
            (including equity awards) as such subsidiary provides its other nonemployee /outside directors.

        

        

        Additional Strategic Advisory Services

        

        

        For your other strategic advisory services, starting in the fiscal year ending in 2018, Ionis will pay you as follows:

        
          
            	

                  	·	
                    $375,000 for services rendered through June 30, 2018 to be paid in two installments.

                  

          

        

        
          
            	

                  	·	
                    $125,000 for services rendered July 1, 2018 through December 31, 2018 paid in quarterly installments; provided, however, that if you provide more than thirty-seven full days during the aforementioned period, then payment for additional days will be made on a pro-rata basis, such compensation to be
                        confirmed by the Ionis Compensation Committee and not to exceed $750,000 for any year.

                  

          

        

        
          
            	

                  	·	
                    Upon the conclusion of each fiscal year, you will be eligible to receive a bonus at the 35% bonus level of Ionis’ MBO Plan with the personal performance factor
                        recommended by the Ionis CEO and approved by the Ionis Compensation Committee and the corporate performance factor determined and approved by the Ionis Board of Directors pro-rated by the total number of full days of service you
                        provided in the applicable fiscal year.  For purposes of the Ionis MBO Plan 220 days constitutes full-time employment.

                  

          

        

        

        

        Since you are transitioning seamlessly from an Ionis employee to a nonemployee director, the stock options and RSUs you received for your previous service
            as an Ionis employee will continue to vest so long as your Continuous Service (as defined in the applicable equity plan) continues.  Once you are no longer serving on the Ionis board and no longer providing strategic advisory services, to the
            extent permitted by the terms of the applicable stock option agreement, your vested stock options will not terminate until the earlier of 18 months following your retirement or the expiration of the original term of such stock option.

        

        

         

        
          
            	
                    Schedule B

                    

                  	
                    Page 1

                  

          

          
            

        

        For Ionis-directed travel and lodging Ionis will reimburse you for such travel, lodging and related expenses or reasonable rate equivalents for lodging, car and meals you provide.  All such reimbursements will be in accordance with Ionis’ travel policy and you will provide Ionis reasonably acceptable supporting
            documentation.

        

        

        For the 18 months following the end of your Ionis board of directors services, if you are eligible for continued health coverage under COBRA, Ionis will
            pay your COBRA premium payments sufficient to continue your coverage at your then current level, or if COBRA is not available, Ionis will pay you an amount equal to the cost of comparable replacement coverage.

         

          

        

        

        
          
            	
                    Schedule B

                    

                  	
                    Page 2

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