Document:

ICOS Corporation Retention

 Exhibit 10.5 
 ICOS CORPORATION 
 RETENTION, SALE AND SPECIAL RECOGNITION BONUS PLAN 
 (Effective as of October 16, 2006) 
 1. Purpose. The purposes of this ICOS Corporation Retention, Sale and Special Recognition Bonus Plan (the “Plan”) are (i) to reinforce and encourage the continued attention and dedication of certain key
employees of ICOS Corporation, a Washington corporation (the “Company”), (ii) to help incentivize such individuals to remain in the employ of the Company or its successor in order to provide transition assistance for a period
of time following a “Change in Control” (as defined below), (iii) to reward such individuals for their efforts to ensure the increased performance of the Company and/or delivering significant value to shareholders in a transaction
constituting a Change in Control and (iv) to compensate such individuals for compensation and benefits forgone, subject to certain terms and conditions. 
 2. Definitions. Wherever the following terms (in addition to the defined terms set forth above) are used in the Plan they shall have the meanings specified, unless the context clearly indicates otherwise. The
singular pronoun shall include the plural where the context so indicates. 
 2.1 “Announcement” means the
initial public announcement by the Company of a Change in Control. 
 2.2 “Award” shall mean a Retention
Bonus, a Sale Bonus or a Special Recognition Bonus. 
 2.3 “Board” shall mean the Board of Directors of the
Company, as constituted from time to time. 
 2.4 “Change in Control” shall mean the first occurrence of any
one or more of the following events that occur on or after the Effective Date: 
 (a) The consummation of a merger or
consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger,
consolidation or other reorganization is owned by persons who were not shareholders of the Company immediately prior to such merger, consolidation or other reorganization; 
 (b) The sale, transfer or other disposition of all or substantially all of the Company’s assets; 
 (c) A change in the composition of the Board, as a result of which fewer than one-half of the incumbent directors are directors who either
(i) had been directors of the Company on the date 24 months prior to the date of the event that may constitute a Change in Control (the “original directors”) or (ii) were elected, or nominated for election, to the Board
with the affirmative votes of at least a majority of the aggregate of the original directors who 

  

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were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved; 
 (d) Any transaction as a result of which any person becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Securities Exchange Act of 1934 (the “Exchange Act”), directly or indirectly, of securities of the Company representing at least 20% of the total voting power represented by the Company’s then outstanding voting securities. For
purposes of this Section 2.3(d), the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude: 
 (i) A trustee or other fiduciary holding securities under an employee benefit plan of the Company or a subsidiary of the Company;

 (ii) A corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions
as their ownership of the common stock of the Company; and 
 (iii) The Company; or 
 (e) Shareholder approval of a complete liquidation or dissolution of the Company. 
 A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or
to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transactions. For purposes of Section 2.3(a) above, the calculation of voting
power shall be made as if the date of the acquisition were a record date for a vote of the Company’s shareholders, and for purposes of Section 2.3(d) above, the calculation of voting power shall be made as if the date of the consummation
of the transaction were a record date for a vote of the Company’s shareholders In no event shall there occur more than one Change in Control for purposes of the Plan. 
 2.5 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
 2.6 “Compensation Committee” shall mean the Compensation Committee of the Board, as constituted from time to time.

 2.7 “Good Reason” shall mean the occurrence of any one or more of the following (without the
Participant’s express written consent which specifically references the Plan) which, in the case of a Retention Bonus, occurs on or after the effective date of a Change in Control and, in the case of a Sale Bonus or Special Recognition Bonus,
occurs on or after the date such Sale Bonus or Special Recognition Bonus is approved by the Administrator: 
 (a) a material
and substantial diminution in the nature or status of the Participant’s position, authority, title, reporting relationships, duties or responsibilities, in each case as in effect immediately prior to the Announcement or any other action by the
Company or a successor entity which results in such a material and substantial diminution, excluding for this 

  

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purpose an isolated and inadvertent action not taken in bad faith and which is remedied by the Company or successor entity within thirty days after receipt
of notice thereof given by the Participant; 
 (b) one or more reductions in the Participant’s “total
compensation,” which is defined as follows: 
 (i) any reduction in the Participant’s base salary, except for
across-the-board base salary reductions similarly affecting all management personnel of the Company and all management personnel of the “person” (within the meaning of Sections 13(d) and 14(d) of the Exchange Act) in control of the
Company; or 
 (ii) any reduction in the Participant’s target annual bonus percentage of base salary; 
 (c) the failure to grant to the Participant stock options, stock units, performance shares, or other equity-based compensation during each
twelve (12) month period following the Change in Control having a substantially similar value in the aggregate as those rights granted to the Participant on an annualized average basis, and having all other material terms (including vesting
requirements) at least as favorable to the Participant, as those rights granted to him or her during the three-year period immediately prior to the Change in Control; 
 (d) the delivery of notification to the Participant that his or her principal place of work will be relocated by a distance of 35 miles or
more; 
 (e) the Company’s failure to continue to provide the Participant with benefits substantially similar in the
aggregate to those enjoyed by the Participant under any of the Company’s life insurance, medical, health and accident, disability, pension, retirement, or other welfare benefit plans in which the Participant and his or her eligible family
members were participating at the time of the Change in Control, the taking of any action by the Company which would directly or indirectly materially reduce any of such benefits, or the failure by the Company to provide the Participant with the
number of paid vacation days to which the Participant is entitled on the basis of his or her years of service with the Company in accordance with the Company’s normal vacation policy in effect at the time of the Change in Control; or

 (f) the material breach by the Company or by its successor entity of any material obligation owed to Participant under the
Plan or any other written compensation agreement with the Participant. 
 Before “Good Reason” has been deemed to
have occurred, the Participant must give the Company written notice detailing why the Participant believes a Good Reason event has occurred. The Company shall then have 30 days after its receipt of written notice to cure the items cited in the
written notice so that “Good Reason” will have not formally occurred with respect to the event(s) in question. 
  

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 2.8 “Just Cause” shall mean any one or more of the following:

 (a) The Participant’s willful and continued failure to substantially perform the Participant’s duties with the
Company, as reasonably determined by the Board in good faith (other than any such failure resulting from the Participant’s incapacity due to any physical or mental illness of the Participant or any such actual or anticipated failure after the
Participant’s issuance of a notice of termination for Good Reason), after a written demand for substantial performance is delivered to the Participant by the Board, which demand specifically identifies the manner in which the Board believes
that the Participant has not substantially performed the Participant’s duties; 
 (b) The Participant’s willful and
continued failure to substantially follow and comply with the specific and lawful directives of the Board, as reasonably determined by the Board in good faith (other than any such failure resulting from the Participant’s incapacity due to any
physical or mental illness of the Participant or any such actual or anticipated failure after the Participant’s issuance of a notice of termination for Good Reason), after a written demand for substantial performance is delivered to the
Participant by the Board, which demand specifically identifies the manner in which the Board believes that the Participant has not substantially performed the Participant’s duties; 
 (c) The conviction of the Participant by a court of competent jurisdiction (or the entering of a plea of nolo contendere or guilty by the
Participant) for a felony crime; 
 (d) The Participant’s misconduct, fraud or dishonesty that causes material harm or
damage to the Company; or 
 (e) Any unauthorized use or disclosure of confidential information or trade secrets by the
Participant. 
 For purposes of this Section 2.7, no act, or failure to act, on the Participant’s part shall be deemed
“willful” unless done, or omitted to be done, by the Participant not in good faith. 
 2.9
“Participant” shall mean any employee (including any executive officer) of the Company or any affiliate who has been selected by the Administrator to receive a Retention Bonus, a Sale Bonus and/or a Special Recognition Bonus.

 2.10 “Retention Bonus” shall mean a bonus payable to a Participant pursuant to Section 6 of the Plan.

 2.11 “Sale Bonus” shall mean a bonus payable to a Participant pursuant to Section 7 of the Plan.

 2.12 “Special Bonus Committee” shall mean a committee comprised of Paul N. Clark, John B. Kliewer and
Michele Yetman, in each case acting in his or her capacity as a director and/or officer of the Company, or any individual(s) to whom Paul N. Clark, John B. Kliewer and Michele Yetman delegate authority to administer the Plan. 
  

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 2.13 “Special Recognition Bonus” shall mean a bonus payable to a
Participant pursuant to Section 8 of the Plan. 
 2.14 Specified Interest Rate. “Specified Interest
Rate” shall mean a rate equal to 75 basis points over the yield on the Treasury Constant Maturity Series with maturity equal to six months as of the date of the Employee’s Separation from Service, as reported in Federal Reserve Statistical
Release H.15. 
 2.15 “Vested”, when used with reference to an Award shall mean vested and nonforfeitable, as
provided in the Plan. 
 3. Administration. 
 3.1 Administrator. The Plan shall be administered by the Special Bonus Committee, subject to such limitations as the Compensation
Committee deems appropriate. Members of the Special Bonus Committee shall serve for such period of time as the Compensation Committee may determine and shall be subject to removal by the Compensation Committee at any time prior to a Change in
Control. Members of the Special Bonus Committee may resign their membership on the Special Bonus Committee at any time by written notice to the Compensation Committee. The Compensation Committee may also at any time prior to a Change in Control
terminate the functions of the Special Bonus Committee and assume any or all powers and authority previously delegated to the Special Bonus Committee. Notwithstanding the foregoing, the Compensation Committee, acting by a majority of its members in
office, shall conduct the general administration of the Plan with respect to Awards granted to executive officers of the Company. The Special Bonus Committee or the Compensation Committee acting in its capacity as the administrator of the Plan shall
be referred to herein as the “Administrator.” 
 3.3 Authority of the Administrator. Subject to the
provisions of the Plan, the Administrator shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. The Administrator has authority to determine, in its sole discretion, the
employees who are to be Participants under the Plan, the size of each Award, and all other terms and conditions of each Award that are not inconsistent with the terms of the Plan. The Administrator has authority to prescribe, amend and rescind rules
and regulations relating to the Plan and to make all other determinations necessary or advisable for the administration of the Plan. All decisions, interpretations and other actions of the Administrator shall be final, conclusive and binding on all
parties who have an interest in the Plan. 
 3.4 Administrator Liability. No member of the Administrator will be
personally liable for any action or determination made in good faith by the Administrator with respect to the Plan or any Award granted under the Plan and, to the extent allowable under applicable law, all members of the Administrator shall be fully
indemnified and held harmless by the Company in respect of any such action, determination or interpretation. All expenses and liabilities which members of the Administrator incur in connection with the administration of the Plan shall be borne by
the Company. 
 4. Eligibility. Only employees of the Company and its affiliates shall be eligible to receive Awards under the Plan.
Subject to Section 5, the Administrator may from time to time increase (but not decrease) a Participant’s specified Retention Bonus amount, Sale Bonus 

  

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amount or Special Recognition Bonus Amount, or designate one or more additional employees of the Company or any affiliate who will be eligible to receive a
Retention Bonus, Sale Bonus or Special Recognition Bonus payment in an amount specified by the Administrator at the time of grant. 
 5.
Maximum Aggregate Bonus Pool Amount. In no event shall the amount of all Retention Bonuses, Sale Bonuses, and Special Recognition Bonuses payable under the Plan exceed $13,607,000 in the aggregate. 
 6. Terms and Conditions of Retention Bonuses. 
 6.1 Amount. Each Participant shall be eligible to receive a Retention Bonus payment in the amount determined by the Administrator in its sole discretion, subject to the vesting requirements of Section 6.2.
Once a Participant is awarded a right to receive a Retention Bonus, the Participant shall be notified in writing of the amount of the potential Retention Bonus payment and such amount shall not be reduced without his or her express written consent.

 6.2 Vesting. A Participant shall become Vested in his or her Retention Bonus payment only if: 
 (a) The Participant remains continuously employed by the Company or one of its affiliates through the expiration of the six-month period
immediately following the date of a Change in Control; 
 (b) The Participant’s employment is terminated by the Company
or one of its affiliates without Just Cause during the period commencing on the fifth business day preceding the date of a Change in Control and a Change in Control subsequently occurs; 
 (c) The Participant’s employment is terminated by the Company or one of its affiliates without Just Cause on the date of a Change in
Control or during the six-month period immediately following the date of a Change in Control; or 
 (d) The Participant
resigns from employment with the Company for Good Reason on the date of a Change in Control or during the six-month period immediately following the date of a Change in Control. 
 In no event shall a Participant be entitled to receive any payment for any Retention Bonus that does not become Vested in accordance with
this Section 6.2. 
 6.3 Form of Payment; Timing. A Participant’s Vested Retention Bonus shall be paid in a
lump-sum no later than five business days after the Participant’s Retention Bonus becomes Vested in accordance with Section 6.2. 
 7. Terms and Conditions of Sale Bonuses. 
 7.1 Amount. Each Participant shall be eligible to receive a
Sale Bonus payment in the amount determined by the Administrator in its sole discretion, subject to the vesting requirements of Section 7.2. Once a Participant is awarded a right to receive a Sale 

  

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Bonus, the Participant shall be notified in writing of the amount of the potential Sale Bonus payment and such amount shall not be reduced without his or her
express written consent. 
 7.2 Vesting. A Participant shall become Vested in his or her Sale Bonus payment as of the
date of a Change in Control only if: 
 (a) The Participant remains continuously employed by the Company or one of its
affiliates through the date of a Change in Control; 
 (b) The Participant’s employment is terminated by the Company or
one of its affiliates without Just Cause prior to the date of a Change in Control and a Change in Control subsequently occurs; or 
 (c) The Participant resigns from employment with the Company for Good Reason prior to the date of a Change in Control and a Change in Control subsequently occurs. 
 In no event shall a Participant be entitled to receive any payment for any Sale Bonus that does not become Vested in accordance with this
Section 7.2. 
 7.3 Form of Payment; Timing. A Participant’s Vested Sale Bonus shall be paid in a lump-sum no
later than five business days after the Participant’s Sale Bonus becomes Vested in accordance with Section 7.2. 
 8. Terms and
Conditions of Special Recognition Bonuses. 
 8.1 Amount. Each Participant shall be eligible to receive a Special
Recognition Bonus payment in the amount determined by the Administrator in its sole discretion, subject to the vesting requirements of Section 8.2. Once a Participant is awarded a right to receive a Special Recognition Bonus, the Participant
shall be notified in writing of the amount of the potential Special Recognition Bonus payment and such amount shall not be reduced without his or her express written consent. 
 8.2 Vesting. A Participant shall become Vested in his or her Special Recognition Bonus payment as of the date of a Change in
Control only if: 
 (a) The Participant remains continuously employed by the Company or one of its affiliates through the date
of a Change in Control; 
 (b) The Participant’s employment is terminated by the Company or one of its affiliates without
Just Cause prior to the date of a Change in Control and a Change in Control subsequently occurs; or 
 (c) The Participant
resigns from employment with the Company for Good Reason prior to the date of a Change in Control and a Change in Control subsequently occurs. 
 In no event shall a Participant be entitled to receive any payment for any Special Recognition Bonus that does not become Vested in accordance with this Section 8.2. 
  

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 8.3 Form of Payment; Timing. A Participant’s Vested Special Recognition Bonus
shall be paid in a lump-sum no later than five business days after the Participant’s Special Recognition Bonus becomes Vested in accordance with Section 8.2. 
 9. Withholding Taxes. The Company shall have the right to withhold all applicable federal, state and local income, employment and excise taxes from any amount payable under the Plan. 
 10. Nature of Rights. The obligations of the Company under the Plan shall be unsecured and unfunded obligations, and any rights of a Participant
under the Plan shall be no greater than that of an unsecured general creditor of the Company and no Participant shall have any right, title or interest in any of the assets of the Company. The benefits to which any Participant becomes entitled under
the Plan shall be paid, when due, from the general assets of the Company. 
 11. Assignment or Transfer of Awards. The Company shall
require any successor (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the business and/or assets of the Company, and any other entity that is both an
affiliate of the successor and a party to an agreement evidencing a transaction constituting a Change in Control, to expressly assume and agree to perform the obligations of the Company under the Plan in the same manner and to the same extent as the
Company would be required to perform it in the absence of a succession. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a material breach of the terms of the Plan and shall
entitle the Participant to terminate his or her employment and receive compensation from the Company in the same amount and on the same terms to which the Participant would be entitled hereunder if the Participant terminated his or her employment
for Good Reason on or after the effective date of a Change in Control, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date of the Participant’s termination of
employment. Unless expressly provided otherwise, “Company” as used herein shall mean the Company as defined in the Plan and any successor to its business and/or assets as aforesaid. No Participant’s rights hereunder shall be
anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law, except by will or the laws of descent and distribution. 
 12. No Employment Rights. Nothing in the Plan shall confer upon any Participant any right to continue in the employ or service of the Company or
its affiliates for any period of time or interfere with or restrict in any way the rights of the Company or any of its affiliates employing or retaining such Participant or of the Participant, which rights are hereby expressly reserved by each, to
terminate such person’s employment or service at any time for any reason, with or without cause and with or without advance notice, except to the extent expressly provided otherwise in a written agreement between the Participant and the Company
or any of its affiliates. 
 13. Duration and Amendments. 
 13.1 Term of the Plan. The Plan shall be effective upon its adoption by the Compensation Committee (the “Effective
Date”) and shall continue in effect until all obligations 

  

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hereunder have been satisfied; provided, that in the event a Change in Control has not occurred on or prior to December 31, 2007, the Plan and
any and all Awards granted hereunder shall be null and void and without further force or effect, and no consideration shall be payable by the Company or its affiliates in respect thereof. 
 13.2 Amendment, Suspension or Termination. Subject to Section 6.1, Section 7.1 and Section 8.1, the Administrator
may from time to time amend, suspend, or terminate the Plan in any way it determines to be advisable; provided, however, that in no event shall any such amendment, suspension or termination of the Plan adversely affect the rights of a Participant
without his or her consent, except as otherwise provided in Section 12.1. 
 14. Captions. The captions in the Plan are not part
of the provisions hereof and are merely for the purpose of reference and shall have no force or effect. 
 15. Governing Law. The Plan
shall be administered, interpreted and enforced under the internal laws of the State of Washington, without giving effect to the conflicts of law principles thereof. 
 16. Internal Revenue Code Section 409A. To the extent applicable, the Plan shall be interpreted so as not to subject any payment to tax under Section 409A(a)(1) of the Code in accordance with
Department of Treasury regulations and other interpretative guidance issued thereunder, including, without limitation, any such regulations or other such guidance that may be issued after the Effective Date (“Guidance”). To the
extent that the Company determines in good faith that any compensation or benefits payable under the Plan are subject to Section 409A of the Code, the Plan shall incorporate the terms and conditions required so as to avoid taxation under
Section 409A(a)(1) of the Code; however, notwithstanding any provision of the Plan to the contrary (including, without limitation, Section 12.2), in the event that following the Effective Date the Company determines in good faith that any
compensation or benefits payable under the Plan may be subject to additional taxation under Section 409A(a)(1) of the Code pursuant to the Guidance or otherwise, the Administrator may adopt such amendments to the Plan or adopt other policies or
procedures (including amendments, policies and procedures with retroactive effect), or take any other actions necessary or appropriate to exempt the compensation and benefits payable under the Plan from additional taxation under
Section 409A(a)(1) of the Code and/or preserve the intended tax treatment of the compensation and benefits provided with respect to the Plan; provided, however, that in no event shall the Company have any right to eliminate or reduce the amount
of a Participant’s Retention Bonus. Sale Bonus or Special Recognition Bonus and in the event of any delay in payments beyond the date provided for pursuant to the terms of this Plan (determined without regard to this Section 16), the
Participant shall also be entitled to receive interest on such delayed payment at the Specified Interest Rate from the date such payment would otherwise have been payable pursuant to the terms of this Agreement (determined without regard to this
Section 16) through the expiration of the period ending five days prior to the date the delayed payment is made. 
 17. Effect on
Other Agreements. The Participant’s rights hereunder shall be in addition to any rights the Participant may otherwise have under all benefit plans or agreements of the Company or its affiliates to which the Participant is a party or in
which the Participant is a participant, including, but not limited to, any employee benefit plans, bonus plans and equity 

  

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incentive plans. The provisions of the Plan shall not in any way abrogate the Participant’s rights under such other plans and agreements. 
 18. Severability. The invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of any other
provision of the Plan, which shall remain in full force and effect. 
 * * * * * 
 I hereby certify that the foregoing ICOS Corporation Retention, Sale and Special Recognition Bonus Plan was duly adopted by the Compensation Committee of
the Board of Directors of ICOS Corporation as of the date first above written. 
 Executed on this      day of
                     2006. 
  

			
		
	By:	 	  
	Title:	 	Secretary

  

 10Indemnification Agreement

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT is made and entered into this
18th day of October, 2006 (“Agreement”), by and between Alesco Financial Inc., a Maryland
corporation (the “Company”), and ____________________ (“Indemnitee”). 
 WHEREAS, at the request of the
Company, Indemnitee currently serves as an officer or director (or both) of the Company and may, therefore, be subjected to claims, suits or proceedings arising as a result of his/her service; and 
 WHEREAS, as an inducement to Indemnitee to continue to serve as such member, the Company has agreed to indemnify and to advance expenses and costs
incurred by Indemnitee in connection with any such claims, suits or proceedings, to the maximum extent permitted by law; and 
 WHEREAS, the
parties by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses; 
 NOW, THEREFORE, in
consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 Section 1. Definitions. For purposes of this Agreement: 
 (a) “Change of Control” means a change of control
of the Company occurring after the Effective Date of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form)
promulgated under the Securities Exchange Act of 1934, as amended (the “Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change of Control shall be
deemed to have occurred if after the Effective Date (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power in the election of directors of the Company’s then outstanding securities without the prior approval of at least two-thirds of the
members of the Board of Directors in office immediately prior to such person attaining such percentage interest; (ii) there occurs a proxy contest, or the Company is a party to a merger, consolidation, sale of assets, plan of liquidation or
other reorganization not approved by at least two-thirds of the members of the Board of Directors then in office, as a consequence of which members of the Board of Directors in office immediately prior to such transaction or event constitute less
than a majority of the Board of Directors thereafter; or (iii) during any period of two consecutive years, other than as a result of an event described in clause (a)(ii) of this Section 1, individuals who at the beginning of such
period constituted the Board of Directors (including for this purpose any new director whose election or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office
who were directors at the beginning of such period) cease for any reason to constitute at least a majority of the Board of Directors. 
 (b)
“Corporate Status” means the status of a person who is or was a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
for which such person is or was serving at the request of the Company. 

 (c) “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. 
 (d) “Effective Date” means the date
set forth in the first paragraph of this Agreement. 
 (e) “Expenses” shall include all reasonable and out-of-pocket
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses
of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, or being or preparing to be a witness in a Proceeding. 
 (f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of Maryland corporation law and
neither is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other party to or witness in 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. If a Change of Control has not occurred, Independent Counsel shall be selected by the Board of Directors, with the approval of
Indemnitee, which approval will not be unreasonably withheld. If a Change of Control has occurred, Independent Counsel shall be selected by Indemnitee, with the approval of the Board of Directors, which approval will not be unreasonably withheld.

 (g) “Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution
mechanism, investigation, administrative hearing or any other proceeding, whether civil, criminal, administrative or investigative (including on appeal), except one pending or completed on or before the Effective Date, unless otherwise specifically
agreed in writing by the Company and Indemnitee. 
 Section 2. Services by Indemnitee. Indemnitee will serve as an officer or director
(or both) of the Company. However, this Agreement shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other agreements or commitments of
the parties, if any. 
 Section 3. Indemnification—General. The Company shall indemnify, and advance Expenses to, Indemnitee
(a) as provided in this Agreement and (b) otherwise to the maximum extent permitted by Maryland law in effect on the date hereof and as amended from time to time; provided, however, that no change in Maryland law shall have the effect of
reducing the benefits available to Indemnitee hereunder based on Maryland law as in effect on the date hereof. The rights of Indemnitee provided in this Section 3 shall include, without limitation, the rights set forth in the other sections of
this Agreement, including any additional indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law (“MGCL”). 
 Section 4. Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 4 if, by reason of his Corporate
Status, he/she is, or is threatened to be, made a party to or a witness in any threatened, pending, or completed Proceeding, other than a Proceeding by or in the right of the Company. Pursuant to this Section 4, Indemnitee shall be indemnified
against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably incurred by him/her or on his behalf in connection with a Proceeding by reason of his Corporate Status unless it is established that
(i) the act or omission of Indemnitee was material to the matter giving rise to the Proceeding and (a) was committed in bad faith or 

  

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(b) was the result of active and deliberate dishonesty, (ii) Indemnitee actually received an improper personal benefit in money, property or
services, or (iii) in the case of any criminal Proceeding, Indemnitee had reasonable cause to believe that his conduct was unlawful. 
 Section 5. Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 5 if, by reason of his Corporate Status, he/she is, or is threatened to be, made a
party to or a witness in any threatened, pending or completed Proceeding brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 5, Indemnitee shall be indemnified against all amounts paid in
settlement and all Expenses actually and reasonably incurred by him/her or on his behalf in connection with such Proceeding unless it is established that (i) the act or omission of Indemnitee was material to the matter giving rise to such a
Proceeding and (a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (ii) Indemnitee actually received an improper personal benefit in money, property or services. 
 Section 6. Court-Ordered Indemnification. Notwithstanding any other provision of this Agreement, a court of appropriate jurisdiction, upon
application of Indemnitee and such notice as the court shall require, may order indemnification in the following circumstances: 
 (a) if it
determines Indemnitee is entitled to reimbursement under Section 2-418(d)(1) of the MGCL, the court shall order indemnification, in which case Indemnitee shall be entitled to recover the expenses of securing such reimbursement; or 

(b) if it determines that Indemnitee is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not
Indemnitee (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has been adjudged liable for receipt of an improper personal benefit under Section 2-418(c) of the MGCL, the court may
order such indemnification as the court shall deem proper. However, indemnification with respect to any Proceeding by or in the right of the Company or in which liability shall have been adjudged in the circumstances described in
Section 2-418(c) of the MGCL shall be limited to Expenses actually and reasonably incurred by him/her or on his behalf in connection with a Proceeding. 
 Section 7. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that
Indemnitee is, by reason of his Corporate Status, made a party to and is successful, on the merits or otherwise, in the defense of any Proceeding, he/she shall be indemnified for all Expenses actually and reasonably incurred by him/her or on his
behalf in connection therewith. If Indemnitee is not wholly successful in 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 indemnify
Indemnitee under this Section 7 for all Expenses actually and reasonably incurred by him/her or on his behalf in connection with each successfully resolved claim, issue or matter, allocated on a reasonable and proportionate basis. For purposes
of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 Section 8. Advance of Expenses. The Company shall advance all reasonable Expenses actually and reasonably incurred by or on behalf of Indemnitee
in connection with any Proceeding (other than a Proceeding brought to enforce indemnification under this Agreement, applicable law, the Company’s articles of incorporation or by-laws, each as amended, any agreement or a resolution of the
shareholders entitled to vote generally in the election of directors or of the Board of Directors) to which Indemnitee is, or is threatened to be, made a party or a witness, within ten days after the receipt by the Company of a statement or
statements from Indemnitee requesting such advance or advances from time to time, whether 

  

 3 

 
prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall
include or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that the standard of conduct necessary for indemnification by the Company as authorized by law and by this Agreement has been met and
a written undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A or in such form as may be required under applicable law as in effect at the time of the execution thereof, to reimburse the portion of
any Expenses advanced to Indemnitee relating to claims, issues or matters in the Proceeding as to which it shall ultimately be established that the standard of conduct has not been met and which have not been successfully resolved as described in
Section 7. To the extent that Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this
Section 8 shall be an unlimited general obligation by or on behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Expenses and without any requirement to post security
therefor. 
 Section 9. Procedure for Determination of Entitlement to Indemnification. 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such
documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a
request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification. 
 (b) Upon written
request by Indemnitee for indemnification pursuant to the first sentence of Section 9(a) hereof, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly be made in the specific
case: (i) if a Change of Control shall have occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall not have occurred,
(A) by the Board of Directors (or a duly authorized committee thereof) by a majority vote of a quorum consisting of Disinterested Directors (as herein defined), or (B) if a quorum of the Board of Directors consisting of Disinterested
Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, or (C) if so
directed by a majority of the members of the Board of Directors, by the shareholders of the Company. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination.
Indemnitee shall cooperate with the person, persons or entity making 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 in the discretion of the Board of Directors or Independent
Counsel if retained pursuant to clause (ii)(B) of this Section 9. Any Expenses actually and reasonably incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom. 
 Section 10. Presumptions and Effect of Certain Proceedings. 
 (a) In making a determination with
respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for
indemnification in 

  

 4 

 
accordance with Section 9(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the
making of any determination contrary to that presumption. 
 (b) The termination of any Proceeding by judgment, order, settlement,
conviction, a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment, does not create a presumption that Indemnitee did not meet the requisite standard of conduct described herein for indemnification.

 Section 11. Remedies of Indemnitee. 
 (a) If (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advance of Expenses is not timely made pursuant
to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 9(b) of this Agreement within 45 days after receipt by the Company of the request for
indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within ten
days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication in an appropriate court located in the State of Maryland, or in any other court of competent jurisdiction, of
his entitlement to such indemnification or advance of Expenses. Alternatively, Indemnitee, at his 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. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this
Section 11(a); provided, however, that the foregoing clause shall not apply to a proceeding brought by Indemnitee to enforce his rights under Section 7 of this Agreement. 
 (b) In any judicial proceeding or arbitration commenced pursuant to this Section 11, the Company shall have the burden of proving that Indemnitee is
not entitled to indemnification or advance of Expenses, as the case may be. 
 (c) If a determination shall have been made pursuant to
Section 9(b) 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 11, absent 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. 
 (d) In the event that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication of or an award in arbitration to enforce his rights
under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him/her in such judicial
adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee in
connection with such judicial adjudication or arbitration shall be appropriately prorated. 
 Section 12. Defense of the Underlying
Proceeding. 
 (a) Indemnitee shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena,
complaint, indictment, information, notice, request or other document 

  

 5 

 
relating to any Proceeding which may result in the right to indemnification or the advance of Expenses hereunder; provided, however, that the failure to give
any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such
Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced. 
 (b) Subject to the provisions of the last sentence of this Section 12(b) and of Section 12(c) below, the Company shall have the right
to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall notify Indemnitee of any such decision to defend within 15 calendar days following receipt of notice of any such
Proceeding under Section 12(a) above. The Company shall not, without the prior written consent of Indemnitee, which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or enter into any
settlement or compromise which (i) includes an admission of fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release
shall be in form and substance reasonably satisfactory to Indemnitee. This Section 12(b) shall not apply to a Proceeding brought by Indemnitee under Section 11 above or Section 18 below. 
 (c) Notwithstanding the provisions of Section 12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s
Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that he/she may have separate defenses or counterclaims to assert with respect
to any issue which may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that an actual
or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such Proceeding in a timely manner, Indemnitee shall be entitled to be
represented by separate legal counsel of Indemnitee’s choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company. In addition, if the Company fails to comply with any of its
obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or to recover from Indemnitee the benefits intended to be
provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company (subject to
Section 11(d)), to represent Indemnitee in connection with any such matter. 
 Section 13. Non-Exclusivity; Survival of Rights;
Subrogation; Insurance. 
 (a) The rights of indemnification and advance of Expenses as provided by this Agreement shall not be deemed
exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s articles of incorporation or by-laws, each as amended, any agreement or a resolution of the shareholders entitled to vote
generally in the election of directors or of the Board of Directors, or otherwise. 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 his Corporate Status prior to such amendment, alteration or repeal. 
 (b) In the event of any
payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 
  

 6 

 (c) The Company shall not be liable under this Agreement to make any payment of amounts otherwise
indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
 Section 14. Insurance. The Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms and
conditions deemed appropriate by the Board of Directors of the Company, with the advice of counsel, covering Indemnitee or any claim made against Indemnitee for service as a director or officer of the Company and covering the Company for any
indemnification or advance of Expenses made by the Company to Indemnitee for any claims made against Indemnitee for service as a director or officer of the Company. Without in any way limiting any other obligation under this Agreement, the Company
shall indemnify Indemnitee for any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines, settlements and reasonable Expenses actually and
reasonably incurred by Indemnitee in connection with a Proceeding over the coverage of any insurance referred to in the previous sentence. 
 Section 15. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is or may be, by reason of his Corporate Status, a witness in any Proceeding, whether
instituted by the Company or any other party, and to which Indemnitee is not a party but in which the Indemnitee receives a subpoena to testify, he/she shall be advanced all reasonable Expenses and indemnified against all Expenses actually and
reasonably incurred by him/her or on his behalf in connection therewith. 
 Section 16. Duration of Agreement; Binding Effect.

 (a) This Agreement shall continue until and terminate ten years after the date that Indemnitee’s Corporate Status shall have ceased;
provided, that the rights of Indemnitee hereunder shall continue until the final termination of any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advance of Expenses hereunder and of any proceeding
commenced by Indemnitee pursuant to Section 11 of this Agreement relating thereto. 
 (b) The indemnification and advance of Expenses
provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or
otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person is or was serving at the written request of the Company, and shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators
and other legal representatives. 
 (c) The Company shall require and cause any successor (whether direct or indirect by purchase, merger,
consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to 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. 
 Section 17.
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, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or
impaired thereby; and (b) to the 

  

 7 

 
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. 
 Section 18. Exception to Right of Indemnification or Advance of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee shall
not be entitled to indemnification or advance of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee, unless (a) the Proceeding is brought to enforce indemnification under this Agreement, and then only to the
extent in accordance with and as authorized by Sections 8 and 11 of this Agreement, or (b) the Company’s articles of incorporation or by-laws, each as amended, a resolution of the shareholders entitled to vote generally in the
election of directors or of the Board of Directors or an agreement approved by the Board of Directors to which the Company is a party expressly provide otherwise. 
 Section 19. Identical 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. One such counterpart signed by the party against whom enforceability is sought shall be sufficient to evidence the existence of this Agreement. 
 Section 20. 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.

 Section 21. Modification and Waiver. 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.

 Section 22. Notices. All notices, requests, demands and 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: The address set forth on the signature page hereto. 

  

	 	(b)	If to the Company to: 

 Alesco Financial
Inc. 
 Cira Centre 
 2929 Arch Street, 17th Floor 
 Philadelphia, PA 19104 
 Attn: John J. Longino 
 or to such other
address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 
 Section 23.
Governing Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Maryland, without regard to its conflicts of laws rules. 
  

 8 

 Section 24. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the
feminine pronoun where appropriate. 
 [SIGNATURE PAGE FOLLOWS] 
  

 9 

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

 

			
	ALESCO FINANCIAL INC.
		
	By:	 	  
		 	 Name: John J. Longino
 Title: Chief Financial
Officer

	
	INDEMNITEE
		
	  	 	  
	 Name:
 Address:

  

 10 

 EXHIBIT A 
 FORM OF UNDERTAKING TO REPAY EXPENSES ADVANCED 
 The Board of Directors of Alesco Financial
Inc. 
 Re: Undertaking to Repay Expenses Advanced 
 Ladies and Gentlemen: 
 This undertaking is being provided pursuant to that certain Indemnification Agreement dated the ___ day of ______________, 200__, by and between Alesco Financial Inc. (the “Company”) and the undersigned Indemnitee (the
“Indemnification Agreement”), pursuant to which I am entitled to advance of expenses in connection with [Description of Proceeding] (the “Proceeding”). 
 Terms used herein and not otherwise defined shall have the meanings specified in the Indemnification Agreement. 
 I am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity. I hereby affirm that
at all times, insofar as I was involved as [a director] [an officer] of the Company, in any of the facts or events giving rise to the Proceeding, I (1) acted in good faith and honestly, (2) did not receive any improper
personal benefit in money, property or services and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful. 
 In consideration of the advance of Expenses by the Company for reasonable attorneys’ fees and related expenses incurred by me in connection with the
Proceeding (the “Advanced Expenses”), I hereby agree that if, in connection with the Proceeding, it is established that (1) an act or omission by me was material to the matter giving rise to the Proceeding and (a) was
committed in bad faith or (b) was the result of active and deliberate dishonesty or (2) I actually received an improper personal benefit in money, property or services or (3) in the case of any criminal proceeding, I had reasonable
cause to believe that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses relating to the claims, issues or matters in the Proceeding as to which the foregoing findings have been established and
which have not been successfully resolved as described in Section 7 of the Indemnification Agreement. To the extent that Advanced Expenses do not relate to a specific claim, issue or matter in the Proceeding, I agree that such Expenses shall be
allocated on a reasonable and proportionate basis. 
 IN WITNESS WHEREOF, I have executed this Affirmation and Undertaking on this ___ day of
____________________, 200__. 
  

							
	WITNESS:	 		 		 	
				
	  	 		 	  	 	(SEAL)

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