Document:

Exhibit 10.10  

OPTION GRANT AGREEMENT  

        THIS OPTION GRANT AGREEMENT (this "Agreement"), dated as
of                        (the "Grant
Date"), is entered into between Otis Spunkmeyer Holdings, Inc., a Delaware corporation (the "Company"), and
                        (the "Participant"). 

        WHEREAS, the Participant is an employee of the Company; 

        WHEREAS, the Company desires to afford the Participant an opportunity to purchase shares of Common Stock in the Company as provided in
this Agreement, effective as of the Grant Date; 

        WHEREAS, the Company has adopted the Otis Spunkmeyer Holdings, Inc. 2006 Equity Incentive Plan (as the same may be amended from
time to time, the "Plan") and desires that the options granted to the Participant be governed by the terms and conditions of the Plan; and 

        WHEREAS, the Committee has duly made all determinations necessary or appropriate to the grant hereunder. 

        NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth in this Agreement and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree, as follows: 

1.     Definitions.  

        For purposes of this Agreement, the definitions of terms contained in the Plan are hereby incorporated by reference, except to the extent that any term is
specifically defined in this Agreement. 

2.     Grant of Option, Option Price and Term.  

        (a)    Grant.    Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the
Participant, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option ("Option") to
purchase                        shares of Common Stock of the Company ("Option Shares"). 

        (b)    Option Price.    For each of the Option Shares purchased, upon purchase thereof, the Participant shall pay to
the Company                        (the "Option Price"). Accordingly, the aggregate
Option Price to purchase all of the Option Shares subject to the Option
granted hereunder is $                        (the "Aggregate Option Price").

        (c)    No Fractional Shares.    The Company shall not be required to issue any fractional Option Shares hereunder. 

        (d)    Option Term.    The term of the Option granted hereunder shall be a period
of                        (    )
years from the Grant Date (the "Option Period"). The termination of the Option Period shall result in the termination and cancellation of such Option.
In no event shall the Option be exercisable at any time after the expiration of the Option Period. 

        (e)    Adjustments.    The number of shares subject to the Option and the Option Price shall be adjusted to reflect
any stock-split, stock dividend or other recapitalization affecting the Company's Common Stock subsequent to the date hereof. 

        (f)    This
Option is intended to be, and is designated as, an Incentive Stock Option. To the extent that this Option does not qualify as an Incentive Stock Option or either
the Company or the Participant takes any action that causes the Option to fail to qualify as an Incentive Stock Option, it shall constitute a Non-qualified Stock Option. The Company does
not represent, warrant or covenant to the Participant that the Option does, and will at all times, qualify as an Incentive Stock Option and the Company shall have no liability to the Participant in
the event this Option does not qualify as an Incentive Stock Option for any reason. 

        3.    Vesting.    Except as provided in the Plan, the Option shall
vest as follows:                        . 

        4.    Legend.    The certificates representing Option Shares will bear
the following legend: 

"THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF A REGISTRATION
STATEMENT WHICH IS EFFECTIVE UNDER THAT ACT AS TO SUCH SECURITIES OR AN OPINION, IN FORM AND SUBSTANCE 

SATISFACTORY
TO THE CORPORATION AND GIVEN BY COUNSEL SATISFACTORY TO THE CORPORATION, TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED. 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER, VOTING AND OTHER AGREEMENTS SET FORTH IN AN OPTION GRANT AGREEMENT (THE "AGREEMENT") BETWEEN THE
CORPORATION AND THE HOLDER HEREOF, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL EXECUTIVE OFFICE OF CORPORATION. ANY TRANSFER OR PLEDGE IN CONFLICT WITH, OR IN DEROGATION OF, THE AGREEMENT IS VOID
AND OF NO LEGAL FORCE, EFFECT OR VALIDITY WHATSOEVER." 

5.     Manner of Exercise.  

        (a)    Exercisability.    The Option shall be exercisable to the extent vested and subject to the terms and conditions
of the Plan. Except as otherwise provided in this Agreement or in the Plan, the Option granted hereunder shall be exercisable during the Participant's lifetime only by the Participant (or his or her
legal representative), and after the Participant's death, only in accordance with the Plan. 

        (b)    Method of Exercise.    The Option may only be exercised by the delivery to the Company of a properly completed
exercise notice, in the form of Exhibit A attached hereto, together with payment in full of the Option Price for each of the Option Shares
purchased pursuant thereto. No Option Shares will be issued until full payment therefor has been made and the Participant has executed any agreements in effect at such time which the Company may
require its stockholders to execute. Payment shall only be made: 

	(i)
	in
cash or by check;

	(ii)
	by
transferring shares of Common Stock already owned by the Participant for a period of at least six (6) months prior to payment having a total share value on the date
of such transfer equal to the Option Price;

	(iii)
	by
simultaneous sale through a broker reasonably acceptable to the Committee of Shares acquired on exercise, as permitted under Regulation T of the Federal
Reserve Board; or

	(iv)
	in
any combination of (i), (ii) or (iii). 

        (c)    Conditions of Exercise.    In order to exercise the Option in whole or in part, the Participant must execute a
counterpart to any agreement then in effect between the Company and some or all of the holders of Shares. 

        The
Options granted hereunder shall not be validly exercised unless there has been compliance with all the preceding provisions of this  Section 5, and, for all purposes of this Agreement, the date of
the exercise of an Option shall be the date upon which there is compliance with
all such requirements. 

6.     Payment of Withholding Taxes.  

        If as a result of this Agreement or otherwise, the Company is obligated to withhold an amount on account of any tax imposed in connection with the exercise of an
Option, the Participant shall be required to pay such amount to the Company, as provided in the Plan. 

7.     Requirements of Law.  

        The Company shall not be required to sell or issue any Option Shares under an Option if such issuance shall constitute a violation of any provision of any law or
regulation of any governmental authority. 

8.     Plan.  

        The Participant hereby acknowledges receipt of a copy of the Plan. Notwithstanding any other provision of this Agreement, the Option granted hereunder is granted
pursuant to the Plan, as in effect on the date hereof, and is subject to all the terms and conditions of the Plan, as the same may be amended from time to time. The interpretation and construction by
the Committee of the Plan, this Agreement, the Option granted hereunder, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, shall be final and
binding upon the Participant. Until the Option granted hereunder shall have expired, terminated or been exercised in full, the Company shall, upon written request therefor, send a copy of the Plan, in
its then current form, to the Participant or any other person or entity then entitled to exercise such Option. 

9.     No Stockholder Rights.  

        Until the Option granted hereunder has been duly exercised to purchase the Option Shares and such Option Shares have been officially recorded as issued on the
Company's official records, no person will be entitled to receive distributions or will be deemed for any purpose a stockholder, and adjustments for distributions or otherwise will be made only if the
record date therefor is subsequent to the date such Option Shares are recorded and after the date of exercise, and without duplication of any adjustment. 

10.   No Employment Rights.  

        No provision of this Agreement or of the Option granted hereunder shall give the Participant any right to continue in the employ of the Company or any of its
affiliates, create any inference as to the length of employment of the Participant, affect the right of the Company or its affiliates to terminate the employment of the Participant, with or without
Cause, or give the Participant any right to participate in any employee welfare or benefit plan or other program (other than the Plan) of the Company or any of its affiliates. 

11.   No Disclosure Rights.  

        None of the Company or any of its affiliates shall have a duty or obligation to affirmatively disclose to the Participant, and the Participant shall have no right
to be advised of, any material information regarding the Company or any of its affiliates at any time prior to, upon or in connection with the exercise of an Option or regarding the Company's
repurchase of Option Shares in accordance with the terms of this Agreement. 

12.   Investment Representation and Agreement.  

        (a)    Restrictions on Transfers.    The Participant represents and warrants that any Option Shares to be issued in
satisfaction of this Option will be acquired by the Participant solely for the Participant's own account for investment and not with a view to or for sale in connection with any distribution thereof.
The Participant agrees that the Participant will not, directly or indirectly, offer, transfer, sell, pledge, convey, gift, assign, encumber, alienate, hypothecate or otherwise dispose of all or any of
the Option Shares (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of all or any of the Option Shares), except in compliance with the Company's governing documents, the
Securities Act and the rules and regulations of the Securities and Exchange Commission or any successor agency thereunder, applicable state securities or "blue sky" laws. 

        (b)    Other Representations.    If prior to the issuance of any Option Shares upon the exercise of an Option, in the
opinion of counsel for the Company, a particular representation by the Participant is required under the Securities
Act or any other applicable Federal or state law, or any regulation or rule of any governmental agency, the Company may require the Participant to make such investment representations and such other
representations as the Company reasonably may determine to be necessary which representations shall be evidenced in an agreement in such form as the Company may specify. 

13.   Changes in Company's Capital or Organizational Structure.  

        The existence of the Option shall not affect in any way the right or authority of the Company or its stockholders to make or authorize any or all adjustments,
recapitalization, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any class of interests in the Company or
affecting the Option Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or
proceeding, whether of a similar character or otherwise. 

14.   Governing Law.  

        This Agreement and the Option granted hereunder will be governed by, and construed and enforced in accordance with, the laws of the State of Delaware (other than
its laws respecting choice of law) except to the extent Federal law would be applicable. 

15.   Entire Agreement.  

        This Agreement, together with the Plan, constitute the entire obligation of the parties hereto with respect to the subject matter of this Agreement and shall
supersede any prior expressions of intent or understanding with respect to such subject matter. 

16.   Amendment.  

        Any amendment to this Agreement shall be in writing and signed on behalf of the Company, and if required pursuant to the Plan and/or this Agreement, by the
Participant. 

17.   Waiver; Cumulative Rights.  

        The failure or delay of either party hereto to require performance by the other party of any provision hereof shall not affect its right to require performance of
such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 

18.   Counterparts.  

        This Agreement may be signed in two (2) counterparts, each of which shall be an original, but both of which shall constitute but one and the same
instrument. 

19.   Notices.  

        Any notice which either party hereto may be required or permitted to give the other shall be in writing and may be given to the Company and to the Participant at
his last known address as shown on the Company's payroll records, or to such other address as the Participant, by notice to the Company, may designate in writing from time to time. 

20.   Headings, Gender and Number.  

        The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. Common nouns and
pronouns shall be deemed to refer to the masculine, feminine, neuter, singular and plural, as the context so requires. 

21.   Severability.  

        If any provision of this Agreement shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other
provision hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 

22.   Successors and Assigns.  

        This Agreement shall inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon the Participant or a
representative, and all rights granted to the Company hereunder, shall be binding upon the Participant's or the representative's heirs, legal representatives and successors. 

23.   Tax Consequences.  

        The Participant agrees to undertake to determine and be responsible for any and all tax consequences to himself with respect to the Option granted hereunder and
the Option Shares relating thereto. The Company shall not be responsible for any tax consequences of the Participant or anyone else that arise from the Option not being treated as an Incentive Stock
Option for tax purposes. 

[Remainder Of Page Intentionally Left Blank; Signature Page Follows]  

        IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly
authorized, and the Participant has hereunto set his hand, all as of the day and year first above written. 

	 	OTIS SPUNKMEYER HOLDINGS, INC., a Delaware corporation
	

 	

By:	

 
	 	Name:	    

	 	Its:	    

	

 	
PARTICIPANT:
	 	By:	    

   INSTRUCTIONS  

FOR EXERCISING THE OPTION GRANTED

UNDER THE

OTIS SPUNKMEYER HOLDINGS, INC. 2006 EQUITY INCENTIVE PLAN  

        General:  

        In order to exercise your Option granted under the Otis Spunkmeyer Holdings, Inc. 2006 Equity Incentive Plan ("Plan") pursuant to your Option Grant
Agreement, please complete and sign the attached Exercise Notice ("Exercise Notice"). On the Exercise Notice, you should indicate the manner in which you will pay the exercise price of the Option
("Option Price"). 

        If
you have any questions regarding this Exercise Notice, please contact Steve Ricks. 

        Endorsement:  

	1.
	 Cash or Check: If you are paying the Option Price by certified check or cashier's check, checks should be made payable to Otis Spunkmeyer Holdings, Inc.

 
	2.
	 Option Share Certificate: If you are paying the Option Price by delivering a certificate representing shares of Common Stock, the certificate should be properly
endorsed as follows:

 
	a.
	 The record holder of the certificate being surrendered should sign and date the certificate on the reverse side. The signature should correspond exactly (including misspellings) with
the name shown on the front side of the certificate.

 
	•
	 If the certificate being surrendered is held of record in joint tenancy, both joint tenants must sign.

 
	•
	 If the endorsement is by a corporation or by a person acting in a fiduciary or other representative capacity, proper evidence of the authority of the person
making the
endorsement should be included with the certificate being surrendered.

 

	b.
	 If the certificate being surrendered represents a larger number of shares than are being surrendered as the Option Price (i.e., having a share value on the date the Option is exercised
in excess of the Option Price), indicate on the reverse side of the certificate the number of shares being transferred to the Company pursuant to the exercise of the Option. A new certificate
representing any excess shares will be issued in the name appearing on the surrendered certificate and delivered to you by the transfer agent for the Company.

 
	c.
	 The method of delivery of a certificate representing shares is at the option and risk of the holder of such certificates. If a certificate is sent by mail, insured
registered mail is
recommended.  

        Defined Terms:  

        Each term defined in the Plan or an Option Grant Agreement shall, when capitalized herein, have the same meaning for the purpose of this Exercise Notice as given
to it in the Plan or the Option Grant Agreement. The Plan and the Option Grant Agreement shall control if there is any conflict between the Plan (or the Option Grant Agreement) and this Exercise
Notice, and as to all matters not provided for in this Exercise Notice. 

2

Otis Spunkmeyer Holdings, Inc.
  EXERCISE NOTICE  

        This Exercise Notice (this "Notice") is executed
by                        (the "Participant"). Otis Spunkmeyer Holdings, Inc. (the "Company") and the Participant
entered into an Option Grant Agreement, dated                        (the "Option Grant Agreement"), in accordance with the Otis
Spunkmeyer Holdings, Inc. 2006 Equity Incentive Plan (the "Plan"). 

        The
Participant desires to exercise the Option on the following terms and conditions: 

        1.    General.    Each term defined in the Plan or the Option Grant
Agreement shall, when capitalized herein, have the same meaning for the purpose of this Notice as given to it in the Plan or the Option Grant Agreement. All of the provisions of the Plan and the
Option Grant Agreement shall remain in full force and effect with respect to the Option and the Option Shares following the execution and delivery of this Notice and the performance of the obligations
of the parties hereunder and the execution and delivery of this Notice and the performance of the parties' obligations hereunder shall not terminate, modify, amend or otherwise alter any party's
rights or obligations under the Plan or the Option Grant Agreement. The Plan and the Option Grant Agreement shall control if there is any conflict between the Plan (or the Option Grant Agreement) and
this Notice, and as to all matters not provided in this Notice. 

        2.    Exercise.    Subject to the terms of this Notice, the
Participant hereby irrevocably elects to exercise, as of the date hereof, the Option with respect to                        Option
Shares at the Option Price of $            per Option Share (as set
forth in the Option Grant Agreement). The exercise pursuant hereto shall reduce the number of Option Shares subject to the Option Grant Agreement by the number of Option Shares exercised hereunder. 

        3.    Consideration.    The Option Shares to be received pursuant to
this Notice are being transferred in consideration for: [Please check the applicable Option payment provision.]  

	a. o	 	cash in the amount of $                        . Enclosed herewith is a [    ]
certified check or [    ] cashier's check for this amount.
	

b. o	
 	

delivery of valid and enforceable certificate(s) representing shares of Common Stock owned by the Participant for greater than six (6) months and endorsed for transfer to the Company, in accordance with the Instructions accompanying this
Notice.
	

c. o	
 	

by a so-called cashless exercise described in the Plan (to the extent then available).
	

d. o	
 	

any combination of (a), (b) or (c) having an aggregate share value equal to the aggregate Option Price.

	

Describe any combination:	
 	

    
	

 
	

 	

 	

    
	

 
	

 	
 	

    
	

..

        4.    Resolution of Dispute.    Any dispute or
disagreement which shall arise under, as a result of, or in any way relate to the interpretation or construction of this Notice shall be determined by the Committee. Any such determination made
hereunder shall be final, binding and conclusive for all purposes. 

        5.    Plan.    The Participant represents and warrants that he or she
has received a copy of the Plan, as amended through the date hereof. 

        6.    Restrictions on Option Shares.    The Participant acknowledges
and agrees that (a) the certificates representing the Option Shares shall bear all legends required by the Plan and the Option Grant Agreement, and (b) the Option Shares shall be subject
to all restrictions set forth in the Plan and the Option Grant Agreement. 

        7.    Successors and Assigns.    This Notice shall inure to the
benefit of and be binding upon each successor and assignee of the Participant and the Company. 

        8.    Choice of Laws.    This Notice shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to conflicts of laws principles. 

        9.    Entire Notice.    This Notice, together with the Plan, the
Option Grant Agreement and any restricted stock agreement, if applicable, constitute the entire obligation of the parties hereto with respect to the subject matter hereof and shall supersede any prior
expressions of intent or understanding with respect to this exercise of the Option. 

 

        10.    Prior Affirmation.    The Participant represents, warrants and
affirms all matters to which he or she represented, warranted or affirmed in the Option Grant Agreement, and nothing in this Notice shall derogate the Participant's representations, warranties,
affirmations or obligations in the Option Grant Agreement. 

        11.    Headings.    The headings in this Notice are for reference
purposes only and will not affect the meaning or interpretation of this Notice. 

        12.    Severability.    If any provision of this Notice is for any
reason held to be invalid or unenforceable, such invalidity or unenforceability will not affect any other provision of this Notice, and this Notice will be construed as if such invalid or
unenforceable provision were omitted. 

        13.    No Strict Construction.    The language used in this Notice
will be deemed to be the language chosen by the Participant to express its intent, and no rule of strict construction will be applied against any party. 

        14.    Tax Consequences.    The Participant agrees to undertake to
determine and be responsible for any and all tax consequences to himself or herself with respect to the Option Shares. 

*    *    * 

IN WITNESS WHEREOF, the Participant has executed this Notice as of the dates written below. 

	Sign Name:	    
	 
	

Print Name:	

    
	

 
	

Date:	

    
	

 

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Exhibit 10.19  

 
 

OTIS SPUNKMEYER HOLDINGS, INC.
  DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT    
    

        THIS
AGREEMENT (this "Agreement") is made as
of                            , 2006, by and between Otis Spunkmeyer
Holdings, Inc., a Delaware corporation (the "Company", which term shall include, where appropriate, any Entity (as hereinafter defined)
controlled directly or indirectly by the Company), and [                        ] (the "Indemnitee"). 

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

        WHEREAS,
increased corporate litigation has subjected directors and officers to litigation risks and expenses, and the limitations on the availability of directors and officers liability
insurance have made it increasingly difficult for companies to attract and retain such persons; 

        WHEREAS,
the Company desires to provide Indemnitee with specific contractual assurance of Indemnitee's rights to full indemnification against litigation risks and expenses (regardless,
among other things, of any amendment to the Company's certificate of incorporation or revocation of any provision of the Company's by-laws or any change in the ownership of the Company or
the composition of its Board of Directors); and 

        WHEREAS,
Indemnitee is relying upon the rights afforded under this Agreement in accepting Indemnitee's position as a [director] [officer]
of the Company. 

        NOW,
THEREFORE, in consideration of the promises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

        1.    Definitions.    

        (a)   "Corporate Status" describes the status of a person who is serving or has served (i) as a director or officer of
the Company, including as a member of any committee thereof, (ii) in any capacity with respect to any employee benefit plan of the Company, or (iii) as a director, partner, trustee,
officer, employee, or agent of any other Entity at the request of the Company. For purposes of subsection (iii) of this Section 1(a), an officer or director of the Company who is serving
or has served as a director, partner, trustee, officer, employee or agent of a Subsidiary (as defined below) shall be deemed to be serving at the request of the Company. 

        (b)   "Entity" shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation,
association, organization or other legal entity. 

        (c)   "Expenses" shall mean all fees, costs and expenses incurred in connection with any Proceeding (as defined below)
including, without limitation, reasonable attorneys' fees, disbursements and retainers (including, without limitation, any such fees, disbursements and retainers incurred by Indemnitee pursuant to
Sections 8 and 10(c) of this Agreement), fees and disbursements of expert witnesses, private investigators and professional advisors (including, without limitation, accountants and investment
bankers), court costs, the premium, security for and other costs relating to any costs bonds, supercedes bonds, or other appeal bonds or their equivalent, transcript costs, fees of experts, travel
expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services and other disbursements and expenses. 

        (d)   "Indemnifiable Amounts" shall have the meaning ascribed to it in Section 3(a) below. 

        (e)   "Indemnifiable Expenses" shall have the meaning ascribed to it in Section 3(a) below. 

        (f)    "Indemnifiable Liabilities" shall have the meaning ascribed to it in Section 3(a) below. 

        (g)   "Liabilities" shall mean judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in
settlement. 

        (h)   "Proceeding" shall mean any threatened, pending or completed claim, action, suit, arbitration, alternate dispute
resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative, arbitrative or investigative, whether formal or informal, including
those in which the Indemnitee is merely a witness by reason of the Indemnitee's Corporate Status and a proceeding initiated by Indemnitee pursuant to Section 10 of this Agreement to enforce
Indemnitee's rights hereunder. 

 

        (i)    "Subsidiary" shall mean any corporation, partnership, limited liability company, joint venture, trust or other Entity of
which the Company owns (either directly or through or together with another Subsidiary of the Company) either (i) a general partner, managing member or other similar interest or
(ii) (A) 50% or more of the voting power of the voting capital equity interests of such corporation, partnership, limited liability company, joint venture or other Entity, or
(B) 50% or more of the outstanding voting capital stock or other voting equity interests of such corporation, partnership, limited liability company, joint venture or other Entity. 

        2.    Services of Indemnitee.    In consideration of the Company's covenants and commitments hereunder, Indemnitee
agrees to serve or continue to serve as a [director] [officer] 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. 

        3.    Agreement to Indemnify.    The Company agrees to indemnify Indemnitee as follows: 

        (a)   Subject
to the exceptions contained in Section 4(a) below, if Indemnitee was, is or believes in good faith that he or she will be made a party or is threatened to
be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of Indemnitee's Corporate Status, Indemnitee shall be indemnified by the Company against all
Expenses and Liabilities incurred or paid by Indemnitee in connection with such Proceeding (referred to herein as "Indemnifiable Expenses" and
"Indemnifiable Liabilities," respectively, and collectively as "Indemnifiable Amounts"). 

        (b)   Subject
to the exceptions contained in Section 4(b) below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding by or in the
right of the Company to procure a judgment in its favor by reason of Indemnitee's Corporate Status, Indemnitee shall be indemnified by the Company against all Indemnifiable Expenses. 

        4.    Exceptions to Indemnification.    Indemnitee shall be entitled to indemnification under Sections 3(a) and 3(b)
above in all circumstances other than the following: 

        (a)   If
indemnification is requested under Section 3(a) and it has been adjudicated finally by a court of competent jurisdiction that, in connection with the subject
of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act (i) in good faith and (ii) in a manner Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company and, with respect to any criminal action or proceeding, Indemnitee had reasonable cause to believe that Indemnitee's conduct was unlawful, Indemnitee shall
not be entitled to payment of Indemnifiable Amounts hereunder. 

        (b)   If
indemnification is requested under Section 3(b) and 

          (i)  it
has been adjudicated finally by a court of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification
has arisen, Indemnitee failed to act (A) in good faith and (B) in a manner Indemnitee reasonably believed to be in or not opposed to the
best interests of the Company, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder; or 

         (ii)  it
has been adjudicated finally by a court of competent jurisdiction that Indemnitee is liable to the Company with respect to any claim, issue or matter involved in the
Proceeding out of which the claim for indemnification has arisen, including, without limitation, a claim that Indemnitee received an improper personal benefit, no Indemnifiable Expenses shall be paid
with respect to such claim, issue or matter unless the court of law or another court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability,
but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such Indemnifiable Expenses which such court shall deem proper. 

        5.    Procedure for Payment of Indemnifiable Amounts.    Indemnitee shall submit to the Company a written request
specifying the Indemnifiable Amounts for which Indemnitee is entitled to payment under Section 3 of this Agreement and the basis for the claim. The Company shall pay such Indemnifiable Amounts
to Indemnitee within ten (10) calendar days following receipt of the request. 

        6.    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 Indemnitee's Corporate Status, a party to and is successful, on the merits or
otherwise, in any Proceeding, 

2

 

Indemnitee
shall be indemnified against all Expenses reasonably incurred by Indemnitee or on Indemnitee's 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 against all Expenses reasonably
incurred by Indemnitee or on Indemnitee's behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Agreement, 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. 

        7.    Effect of Certain Resolutions.    Neither the settlement nor termination of any Proceeding nor the failure of
the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to indemnification hereunder. In addition, the
termination of any proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a presumption that Indemnitee did not act in good faith
and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal action or proceeding, had reasonable cause to believe
that Indemnitee's action was unlawful. 

        8.    Partial Indemnification for a Party or Witness.    If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of Expenses, but not, however, for the total amount
thereof, the Company shall indemnify Indemnitee for the portion thereof to which Indemnitee is entitled under any provision of this Agreement. 

        9.    Agreement to Advance Expenses; Conditions.    The Company shall pay to Indemnitee all Indemnifiable Expenses
incurred by Indemnitee in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, as the same are incurred. To
the extent required by Delaware corporate law, Indemnitee hereby undertakes to repay the amount of Indemnifiable Expenses paid to Indemnitee if it is finally determined by a court of competent
jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with respect to such Expenses. This undertaking is an unlimited and unsecured general obligation of Indemnitee and
no interest shall be charged thereon. No other form of undertaking shall be required of an Indemnitee other than the execution of this Agreement. 

        10.    Procedure for Advance Payment of Expenses.    Indemnitee shall submit to the Company a written request
specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 8 of this Agreement, together with documentation evidencing that Indemnitee has incurred such
Indemnifiable Expenses. Payment of Indemnifiable Expenses under Section 8 shall be made no later than ten (10) calendar days after the Company's receipt of such request. 

        11.    Remedies of Indemnitee.    

        (a)   Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under Sections
3 and 5 above or a request for an advancement of Indemnifiable Expenses under Sections 8 and 9 above and the Company fails to make such payment or advancement in a timely manner pursuant to the terms
of this Agreement, Indemnitee may petition a court of law to enforce the Company's obligations under this Agreement. 

        (b)   Burden of Proof. In any judicial proceeding brought under Section 10(a) above, the Company shall have the burden
of proving that Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder. 

        (c)   Expenses. The Company agrees to reimburse Indemnitee in full for any Expenses incurred by Indemnitee in connection with
investigating, preparing for, litigating, defending or settling any action brought by Indemnitee under Section 10(a) above, or in connection with any claim or counterclaim brought by the
Company in connection therewith. 

        (d)   Validity of Agreement. The Company shall be precluded from asserting in any Proceeding, including, without limitation, an
action under Section 10(a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate
in court that the Company is bound by all the provisions of this Agreement. 

        (e)   Failure to Act Not a Defense. The failure of the Company (including its Board of Directors or any committee thereof,
independent legal counsel or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under this
Agreement shall not be a defense in any action brought under Section 10(a) above, and shall not create a presumption that such payment or advancement is not permissible. 

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        12.    Representations and Warranties of the Company.    The Company hereby represents and warrants to Indemnitee as
follows: 

        (a)   Authority. The Company has all necessary power and authority to enter into, and be bound by the terms of, this Agreement,
and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Company. 

        (b)   Enforceability. This Agreement, when executed and delivered by the Company in accordance with the provisions hereof,
shall be a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors' rights generally. 

        13.    Insurance.    The Company shall use its reasonable efforts to maintain requisite directors and officers
indemnity insurance coverage in effect at all times (subject to appropriate cost considerations) and the Company's certificate of incorporation and/or bylaws shall at all times provide for
indemnification and exculpation of directors and officers to the fullest extent permitted under applicable law. The Company shall hereafter take all necessary or desirable actions to cause such
insurers to pay, on behalf of the Indemnitee, all Indemnifiable Amounts in accordance with the terms of such policies; provided that nothing in this
Section 12 shall affect the Company's obligations under this Agreement or the Company's obligations to comply with the provisions of this Agreement in a timely manner as provided. 

        14.    Contract Rights Not Exclusive.    The rights to payment of Indemnifiable Amounts and advancement of
Indemnifiable Expenses provided by this Agreement shall be in addition to, but not exclusive of, any other rights which Indemnitee may have at any time under applicable law, the Company's
by-laws or certificate of incorporation, or any other agreement, vote of stockholders or directors (or a committee of directors), or otherwise, both as to action in Indemnitee's official
capacity and as to action in any other capacity as a result of Indemnitee's serving as a [director] [officer] of the Company. 

        15.    Successors.    This Agreement shall be (a) binding upon all successors and assigns of the Company
(including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation
of law) and (b) binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of Indemnitee. This Agreement shall continue for the benefit of
Indemnitee and such heirs, personal representatives, executors and administrators after Indemnitee has ceased to have Corporate Status. 

        16.    Subrogation.    In the event of any payment of Indemnifiable Amounts under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the request and expense of the Company, all
reasonable action necessary to secure such subrogation rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

        17.    Change in Law.    To the extent that a change in Delaware law (whether by statute or judicial decision) shall
permit broader indemnification or advancement of expenses than is provided under the terms of the certificate of incorporation and/or by-laws of the Company and this Agreement, Indemnitee
shall be entitled to such broader indemnification and advancements, and this Agreement shall be deemed to be automatically amended to such extent. 

        18.    Severability.    Whenever possible, each provision of this Agreement shall be interpreted in such a manner as
to be effective and valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or
unenforceable, in whole or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make such provision or clause valid, legal and
enforceable, and the remaining provisions and clauses of this Agreement shall remain fully enforceable and binding on the parties. 

        19.    Indemnitee as Plaintiff.    Except as provided in Section 10(c) of this Agreement and in the next
sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by Indemnitee against the Company, any
Entity which it controls, any director or officer thereof, or any third party, unless such Company has consented to the initiation of such Proceeding. This Section shall not apply to counterclaims or
affirmative defenses asserted by Indemnitee in an action brought against Indemnitee. 

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        20.    Modifications and Waiver.    Except as provided in Section 16 above with respect to changes in Delaware
law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each 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 of this Agreement (whether or not similar), nor shall such
waiver constitute a continuing waiver. 

        21.    General Notices.    All notices, requests, demands and other communications hereunder shall be in writing and
shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail
with postage prepaid, on the third business day after the date on which it is so mailed: 

	 	 	(i)	 	If to Indemnitee, to:
	

 	
 	

 	
 	

	
 	

 
	 	 	 	 	
	 	 
	 	 	 	 	
	 	 
	 	 	 	 	
	 	 
	

 	
 	

(ii)	
 	
If to the Company, to:
	

 	
 	

 	
 	

[Name]	
 	

 	
 	

 
	

 	
 	

 	
 	

[Address]	
 	

 	
 	

 
	

 	
 	

 	
 	

Attn:	
 	

	
 	

 
	 	 	 	 	Phone:	 	
	 	 
	 	 	 	 	Fax:	 	
	 	 

or
to such other address as may have been furnished in the same manner by any party to the others. 

        22.    Governing Law.    This Agreement shall be governed by and construed and enforced under the laws of the State of
Delaware without giving effect to the provisions thereof relating to conflicts of law. 

*
* * * * 

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

	 	 	OTIS SPUNKMEYER HOLDINGS, INC.
	

 	
 	

By:	
 	

	 	 	 	 	Name:	

	 	 	 	 	Title:	

	

 	
 	

 	
 	

INDEMNITEE
	

 	
 	

 	
 	

 Print Name:
	 	 	 	 	 	 

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OTIS SPUNKMEYER HOLDINGS, INC. DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

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