Document:

Form of Indemnification Agreement

 Exhibit 10.18 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (the “Agreement”)
is made as of this ____ day of August, 2006, by and between Fuel Systems Solutions, Inc., a Delaware corporation (the “Corporation”), and _________, an individual (“Indemnitee”). 
 RECITALS 
 1. The Corporation and
Indemnitee recognize that unforeseen litigation may subject directors, officers and agents to costs and expenses. 
 2. The Corporation
desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve as directors, officers and agents of the Corporation and to indemnify its directors, officers and agents so as to provide them with the maximum
protection permitted by law. 
 3. The Corporation believes it is prudent and necessary to obligate itself contractually to indemnify its
directors, officers and agents to the fullest extent permitted by applicable law so that they will serve or continue to serve the Corporation free from undue concern that they will not be so indemnified. 
 4. Indemnitee is willing to serve, to continue to serve and to take on additional service for or on behalf of the Corporation on the condition that
Indemnitee be so indemnified. 
 In consideration of the Recitals set forth above and the mutual covenants and agreements set forth below,
the Corporation and Indemnitee do hereby agree as follows: 
 AGREEMENT 
  

	 	1.	Definitions. 

 (a) Agent. For
the purposes of this Agreement, “Agent” means any person who is or was a director, officer, employee or other agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent
of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise, or was a director, officer, employee or agent of a foreign or domestic corporation which was a predecessor corporation of the corporation or of
another enterprise at the request of such predecessor corporation. 
 (b) Corporation. For purposes of this Agreement,
“Corporation” shall mean, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent
corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or
surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

 (c) Expenses. For purposes of this Agreement, “expense(s)” shall
mean all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, other out-of-pocket costs and reasonable compensation for time spent by the Indemnitee for which
he is not otherwise compensated by the Corporation or any third party) actually and reasonably incurred by the Indemnitee in connection with either the investigation, defense or appeal of a proceeding or establishing or enforcing a right to
indemnification under this Agreement or otherwise. 
 (d) Independent Legal Counsel. For purposes of this Agreement,
“Independent Legal Counsel” shall mean an attorney or firm of attorneys who shall not have otherwise performed services for the Corporation or Indemnitee within the last three years (other than with respect to matters concerning the
rights of Indemnitee under this Agreement, or of other indemnities under similar indemnity agreements). The Independent Legal Counsel shall be selected by the Board and approved by the Indemnitee (which approval shall not be unreasonably withheld).
Such counsel, among other things, shall render its written opinion to the Corporation and Indemnitee as to whether and to what extent Indemnitee would be entitled to be indemnified hereunder under Delaware law and the Corporation agrees to abide by
such opinion. The Corporation agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Corporation shall not be required to pay expenses of more than one Independent Legal Counsel in connection with all matters concerning the
Indemnitee, and such Independent Legal Counsel shall be the Independent Legal Counsel for any or all other indemnitees unless (i) the Corporation otherwise determines or (ii) any indemnitee shall provide a written statement setting forth
in detail a reasonable objection to such Independent Legal Counsel representing other indemnitees. 
 (e) Other
Enterprises. For purposes of this Agreement, “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit
plan; and references to “serving at the request of the Corporation” shall include any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee
or agent with respect to an employee benefit plan, its participants, or beneficiaries. 
 (f) Proceeding. For purposes
of this Agreement, “proceeding” means any threatened, pending or completed action or proceeding, whether civil, criminal, administrative or investigative. 
 (g) Subsidiary. For purposes of this Agreement, “subsidiary” shall mean any corporation, partnership, joint
venture or other enterprise, a majority of whose equity interests are owned by the Corporation, directly or through one or more other subsidiaries. 
  

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	 	2.	Indemnification and Expense Advancement. 

 (a) Proceedings Other than by Right of the Corporation. The Corporation shall indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any proceeding (other than an action by or in the right of the
Corporation to procure a judgment in its favor) by reason of the fact that Indemnitee is or was an Agent of the Corporation, against costs, expenses (including attorneys’ fees and related disbursements, judgments, fines, excise taxes or
penalties under the Employee Retirement Income Security Act of 1974, as amended from time to time (“ERISA”), penalties and amounts paid or to be paid in settlement) actually and reasonably incurred in connection with such proceeding
if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation and, in the case of a criminal proceeding, has no reasonable cause to believe the conduct of Indemnitee
was unlawful. The termination of any proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a
manner which Indemnitee reasonably believed to be in the best interests of the Corporation or that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 (b) Proceedings By or in the Right of the Corporation. The Corporation shall indemnify Indemnitee if Indemnitee was or is a party
or is threatened to be made a party to any threatened, pending or completed action by or in the right of the Corporation to procure a judgment in its favor by reason of the fact that Indemnitee is or was an Agent of the Corporation, against expenses
actually and reasonably incurred by Indemnitee in connection with the defense or settlement of such action if Indemnitee acted in good faith, in a manner Indemnitee believed to be in or not opposed to the best interests of the Corporation and its
stockholders; except that no indemnification shall be made under this Section 2(b) for any of the following: 
 (i) In
respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation in the performance of Indemnitee’s duty to the Corporation and its stockholders, unless and only to the extent that the court
in which such proceeding is or was pending or the Delaware Court of Chancery shall determine upon application that, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for the expenses which such
court shall determine; 
 (ii) Of amounts paid in settling or otherwise disposing of a pending action without court approval;
or 
 (iii) Of expenses incurred in defending a pending action which is settled or otherwise disposed of without court
approval. 
 (c) Determination of Right of Indemnification. Any indemnification under Sections 2(a) and (b) shall
be made by the Corporation only if authorized in the specific case, upon a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct set forth above in Sections 2(a)
and (b) by any of the following: 
 (i) a majority vote of the Corporation’s board of directors consisting of
directors who are not parties to such proceeding (“Disinterested Directors”), even if less than a quorum; or 
  

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 (ii) a committee of the Disinterested Directors designated by a majority vote of the
Disinterested Directors, even though less than a quorum; or 
 (iii) if there are no such Disinterested Directors, or if such
Disinterested Directors so direct, by Independent Legal Counsel in a written opinion; or 
 (iv) approval of the stockholders
by the affirmative vote of a majority of the shares entitled to vote represented at a duly held meeting at which a quorum is present or by the written consent of stockholders as provided in the Bylaws, with the shares owned by the person to be
indemnified not being entitled to vote thereon; or 
 (v) by the court in which such proceeding is or was pending upon
application made by the Corporation or its Agent or attorney or other person rendering services in connection with the defense, whether or not such application by the Agent, attorney or other person is opposed by the Corporation. 
 (d) Advances of Expenses. Expenses (including reasonable attorneys’ and experts’ fees), costs, and charges incurred in
defending any proceeding referenced in Section 2(a) or 2(b) shall be advanced promptly by the Corporation prior to the final disposition of such proceeding upon receipt of a written undertaking by or on behalf of Indemnitee to repay such amount
unless it shall be determined ultimately by final, non-appealable judicial decision that Indemnitee is entitled to be indemnified as authorized in this Section 2. The form of such undertaking shall be substantially similar to Exhibit A
hereto. 
 (e) Indemnification Against Expenses of Successful Party. Notwithstanding the other provisions of this
Section 2, to the extent that Indemnitee has been successful on the merits in a defense of any proceeding, claim, issue or matter referred to in Sections 2(a) and (b), Indemnitee shall be indemnified against all expenses actually and reasonably
incurred by Indemnitee in connection therewith. 
 (f) Right of Indemnitee to Indemnification Upon Application; Procedure
Upon Application. Any indemnification provided for in Sections 2(a), (b) or (e) shall be made no later than thirty (30) days after the Corporation is given notice of request by Indemnitee, provided that any indemnification under
Sections 2(a) and (b) is authorized pursuant to Section 2(c). Any such request for indemnification must be made within thirty (30) days of the final adjudication, dismissal, or settlement of the matter for which Indemnitee seeks
indemnification, unless an appeal is filed, in which case the request may be made within thirty (30) days after the appeal is resolved (hereafter referred to as “Final Disposition”). Upon such notice, if a quorum of directors
who were not parties to the action, suit, or proceeding giving rise to indemnification is obtainable, the Corporation shall within one (1) week call a Board of Directors meeting to be held within two (2) weeks of such notice, to make a
determination as to whether Indemnitee has met the applicable standard of conduct. Otherwise, if a quorum consisting of directors who were not parties in the relevant action, suit, or proceeding is not obtainable, the Corporation shall 

  

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retain (at the Corporation’s expense) Independent Legal Counsel chosen either jointly by the Corporation and Indemnitee or else by the
Corporation’s counsel within two (2) weeks to make such determination. 
 If notice of a request for payment of a
claim under any statute, under this Agreement, or under the Corporation’s Certificate of Incorporation or Bylaws providing for indemnification or advance of expenses has been given to the Corporation by Indemnitee, and such claim is not paid in
full by the Corporation within thirty (30) days of the later occurring of the giving of such notice and Final Disposition in case of indemnification and ten (10) days of the giving of such notice in case of advance of expenses, Indemnitee
may, but need not, at any time thereafter bring an action against the Corporation to receive the unpaid amount of the claim or the expense advance and, if successful, Indemnitee shall also be paid for the expenses (including reasonable
attorneys’ and experts’ fees) of bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit, or proceeding in advance of its
Final Disposition) that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the Corporation to indemnify Indemnitee for the amount claimed, and Indemnitee shall be entitled to receive interim payment of
expenses pursuant to Section 2(d) unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists. Neither the failure of the Corporation (including its Board of Directors,
Independent Legal Counsel, or its stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct required by applicable law, nor an actual
determination by the Corporation (including its Board of Directors or Independent Legal Counsel) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable standard
of conduct. 
 (g) Insurance. The Corporation may purchase and maintain insurance on behalf of any person who is or was
an Agent against any liability asserted against such person and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the Corporation would have the power to indemnify such person against such
liability under the provisions of this Section 2. 
 (h) Optional Means of Assuring Payment. Upon request by an
Indemnitee certifying that Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for which Indemnitee may be entitled to be indemnified under this Section 2, the Corporation may, but is not required to,
create a trust fund, grant a security interest or use other means (including, without limitation, a letter of credit) to ensure the payment of such sums as may become reasonably necessary to effect indemnification as provided herein. 
 (i) Indemnification under Section 145 of the Delaware General Corporation Law. Subject to the provisions of Delaware
Corporation Law Section 145 and any other applicable law, notwithstanding any other provisions of this Section 2, the following shall apply to the indemnification of Indemnitee: 
 (i) There shall be a presumption that Indemnitee met the applicable standard of conduct required to be met in Section 2(c) for
indemnification, rebuttable by clear and convincing evidence to the contrary; 
  

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 (ii) The Corporation shall have the burden of proving that Indemnitee did not meet the
applicable standard of conduct in Section 2(c); 
 (iii) In addition to the methods provided for in Section 2(c), a
determination that indemnification is proper in the circumstances because that Indemnitee met the applicable standard of conduct may also be made by the arbitrator in any arbitration proceeding in which such matter is or was pending; and 

(iv) Unless otherwise agreed to in writing between an Indemnitee and the Corporation in any specific case, indemnification may be made
under Section 2(b) for amounts paid in settling or otherwise disposing of a pending action without court approval. 
  

	 	3.	Changes. 

 In the event of any
change, after the date of this Agreement, in any applicable law, statute, or rule which expands the right of a Delaware corporation to indemnify a member of its board of directors, its officers or its Agents, such changes shall automatically expand,
without further action of the parties, Indemnitee’s rights and the Corporation’s obligations under this Agreement. In the event of any change in any applicable law, statute or rule which narrows a Delaware corporation’s right to
indemnify a member of its board of directors, its officers or its Agents, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’
rights and obligations hereunder. In the event of an amendment to the Corporation’s Bylaws which expands the right to indemnify a member of its board of directors, its officers or its Agents, such change shall automatically expand, without
further action of the parties, Indemnitee’s rights and the Corporation’s obligations under this Agreement. In the event of any amendment to the Corporation’s Bylaws which narrows such right of a Delaware corporation to indemnify a
member of its board of directors, its officers or its Agents, such change shall only apply to the indemnification of Indemnitee for acts committed, or lack of action, by Indemnitee after such amendment. The Corporation agrees to give Indemnitee
prompt written notice of amendments to the Corporation’s Bylaws which concern indemnification. 
  

	 	4.	Nonexclusivity. 

 The
indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Corporation’s Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or
disinterested Directors, the Delaware General Corporation Law, or otherwise, both as to action in Indemnitee’s official capacity and as to action in any other capacity while holding such office (an “Indemnified Capacity”). The
indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an Indemnified Capacity even though such Indemnitee may have ceased to serve in an Indemnified Capacity at the time of
any action, suit or other covered proceeding, and shall inure to the benefit of the heirs, executors, and administrators of Indemnitee. 
  

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	 	5.	Partial Indemnification. 

 If
Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some or a portion of the expenses, judgment, fines or penalties actually or reasonably incurred by Indemnitee in the investigation, defense,
appeal or settlement of any civil or criminal action, suit or proceeding, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments, fines or penalties to
which Indemnitee is entitled pursuant to this Agreement. 
  

	 	6.	Potential Limitations. 

 Both the
Corporation and Indemnitee acknowledge that in certain instances, Delaware state law and federal banking laws and regulations, federal law or public policy may override applicable state law and prohibit the Corporation from indemnifying its
directors and officers under this Agreement or otherwise. For example, the Corporation and Indemnitee acknowledge that the federal regulators have taken the position that indemnification is not permissible for liabilities arising under certain
federal securities laws, and federal legislation prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges that the Corporation has undertaken or may be required in the future to undertake with federal
regulators to submit questions of indemnification to a court in certain circumstances for a determination of the Corporation’s right under public policy to indemnify Indemnitee. Furthermore, Indemnitee and Corporation acknowledge that the
extent of indemnification permissible under Section 145 of the Delaware General Corporation Law has not been judicially determined; therefore, the enforceability of Indemnitee’s rights under Section 2(i) is uncertain. 
  

	 	7.	Severability. 

 Nothing in this
Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act in violation of applicable law. The Corporation’s inability, pursuant to court order, to perform its obligations under this
Agreement shall not constitute a breach of the Agreement. If the application of any provision or provisions of the Agreement to any particular facts or circumstances shall be held to be invalid or unenforceable by any court of competent
jurisdiction, then (i) the validity and enforceability of such provision or provisions as applied to any other particular facts or circumstances and the validity of other provisions of this Agreement shall not in any way be affected or impaired
thereby and (ii) such provision(s) shall be reformed without further action by the parties to make such provision(s) valid and enforceable when applied to such facts and circumstances with a view toward requiring the Corporation to indemnify
Indemnitee to the fullest extent permissible by law. 
  

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	 	8.	Exceptions. 

 Notwithstanding any
other provision herein to the contrary, the Corporation shall not be obligated pursuant to the terms of this Agreement: 
 (a)
Regulatory Agency Proceedings. To indemnify Indemnitee for expenses, penalties or other payments incurred in an administrative proceeding or action threatened or instituted by a bank regulatory agency, which proceeding or action results in a
final order imposing, injunctive or similar relief or assessing civil money penalties or in any other resolution requiring or preventing action by the Indemnitee; or 
 (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to proceedings or claims (except
counter-claims or cross-claims) initiated or brought voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law
or otherwise as required by the Delaware General Corporation Law, but such indemnification or advancement of expenses may be provided by the Corporation in specific cases if the Board of Directors finds it to be appropriate; or 
 (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee with respect to any proceeding instituted
by Indemnitee to enforce or interpret this Agreement, if a majority of the Corporation’s directors or a court of competent jurisdiction determines that the material assertions made by Indemnitee in such proceeding were not made in good faith or
were frivolous; or 
 (d) Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA, excise taxes or penalties, and amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier under a policy of officers’ and directors’ liability or
other insurance maintained by the Corporation; or 
 (e) Claims under Section 16(b). To indemnify Indemnitee for
expenses or the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 
  

	 	9.	Counterparts. 

 This Agreement may
be executed in one or more counterparts, each of which shall constitute an original. 
  

	 	10.	Successors and Assigns. 

 This
Agreement shall be binding upon the Corporation and its successors and assigns, and shall inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, and legal representatives and permitted assigns. Indemnitee may not assign this
Agreement without the prior written consent of the Corporation. 
  

	 	11.	Attorneys’ Fees. 

 In the event
that any action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys’ and experts’ fees,
incurred by Indemnitee with 

  

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respect to such action, unless as a part of such action, the court of competent jurisdiction determines that each of the material assertions made by
Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an action instituted by or in the name of the Corporation under this Agreement or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and cross-claims made in such action),
unless as a part of such action the court determines that each of Indemnitee’s material defenses to such action were made in bad faith or were frivolous. 
  

	 	12.	Notice. 

 All notices, requests,
demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and signed for by the party addressee, on the date of such receipt, or (ii) if mailed by certified or
registered mail with postage prepaid, on the third business day after the date postmarked. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 
  

	 	13.	Section Headings. 

 The Section
headings in this Agreement are solely for convenience and shall not be considered in its interpretation. 
  

	 	14.	Waiver. 

 A waiver by either party
of any term or condition of the Agreement or any breach thereof, in any one instance, shall not be deemed or construed to be a waiver of such term or condition or of any subsequent breach thereof. 
  

	 	15.	Entire Agreement; Amendment. 

 This
instrument contains the entire integrated Agreement between the parties hereto and supersedes all prior negotiations, representations or agreements, whether written or oral except for the Corporation’s Certificate of Incorporation and Bylaws.
It may be amended only by a written instrument signed by a duly authorized officer of Corporation and by Indemnitee. 
  

	 	16.	Choice of Law. 

 Except for that
body of law governing choice of law, this Agreement shall be governed by, and construed in accordance with, substantive laws of the State of Delaware which govern transactions between Delaware residents. 
  

	 	17.	Mediation/Arbitration. 

 (a) All
disputes, claims or controversies arising out of or relating to this Agreement (collectively, “Disputes”) shall be submitted to non-binding mediation by either party 

  

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to an impartial mediator, as agreed to by the parties, and appointed through American Arbitration Association (“AAA”) in Santa Ana,
California, for a good faith effort at resolution. The mediator shall review the Dispute within thirty (30) days of submission or at such other time provided the parties so agree. Any mediation fee shall be paid equally among the parties. Any
Dispute which is not resolved through such mandatory mediation shall be settled by final and binding arbitration before a single neutral arbitrator of AAA in accordance with the then current Commercial Arbitration Rules of the AAA in Santa Ana,
California. Judgment on the award rendered by the arbitrator may be entered in any court in California. In the event that any Dispute between Indemnitee and the Corporation should result in arbitration, the prevailing party in the Dispute shall be
entitled to recover from the other party all reasonable fees, costs and expenses of enforcing any right of the prevailing party, including, without limitation, reasonable attorneys’ fees, experts’ fees, and expenses. Each party agrees that
the Dispute as mediated and/or arbitrated and the final resolution of such Dispute shall be considered to be confidential information, and shall be kept confidential by each party. 
 (b) Indemnitee specifically acknowledges and understands that by agreeing to this provision, Indemnitee is waiving all rights to have his
or her claims brought, investigated, and/or adjudicated by an administrative agency, or heard before a judge or jury. Indemnitee also understands that Indemnitee’s rights to discovery may be lesser or narrower in arbitration, that there may be
fees and costs associated with mediation and/or arbitration that Indemnitee may not otherwise have, and that Indemnitee is waiving substantial time that Indemnitee might otherwise have to make a claim, prepare his or her case, or investigate his or
her claims. The claims include claims of any kind relating to Indemnitee’s relationship with the Corporation, including claims relating to compensation, discrimination, any benefits, status as an officer, director or Agent of the Corporation,
conflict of interest, or any other claim or dispute relating to or arising out of Indemnitee’s relationship with the Corporation. The underlying Disputes shall be fully and finally resolved through arbitration, including any right to permanent
injunctive relief. 
  

	 	18.	Consideration. 

 Part of the
consideration the Corporation is receiving from Indemnitee to enter into this Agreement is Indemnitee’s agreement to serve or to continue to serve, as applicable, for the present as an officer, director or Agent of the Corporation. Nothing in
this Agreement shall preclude Indemnitee from resigning as an officer, director or Agent of the Corporation nor the Corporation, by action of its stockholders, board of directors, or officers, as the case may be, from terminating Indemnitee’s
services as an officer, director or Agent, as the case may be, with or without cause. 
 [Remainder of page intentionally blank] 

 

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

			
	FUEL SYSTEMS SOLUTIONS, INC.
		
	By:	 	 
		 	Thomas M. Costales
		 	Chief Financial Officer
	
	3030 South Susan Street
	Santa Ana, California 92704

  

	
	INDEMNITEE:
	
	  
	Name:
	
	(address)

 EXHIBIT A 
 UNDERTAKING TO REPAY ADVANCEMENT 
 OF EXPENSES 
 A. Indemnitee is or has been a director, officer, employee or other agent of FUEL SYSTEMS SOLUTIONS, INC., a Delaware corporation (the
“Corporation”); and 
 B. On account of such fact, Indemnitee was or is or is threatened to be made a party to the
proceeding described and designated hereinafter (the “Proceeding”); and 
 C. Indemnitee has requested that the Corporation
advance to Indemnitee, prior to final disposition of the Proceeding, Indemnitee’s costs and expenses incurred in defense of the Proceeding; and 
 D. As a condition to advancement of such expenses, the Corporation has required that the present undertaking be made by or on behalf of Indemnitee. 
 The undersigned herein undertakes as follows: 
 (1) This undertaking is executed in accordance with and is
subject to Section 145 of the Delaware General Corporation Law, and that certain Indemnification Agreement between Indemnitee and the Corporation dated August [__], 2006, and is subject to all provisions, including definitions of terms,
thereof. 
 (2) Indemnitee was or is or is threatened to be made a party to the following proceeding: 
 Name of Claimant or 
 Title of Action or Proceeding: 
 Court or Agency (if any): 
 Date Filed or Presented: 
 Status: 
 Indemnitee’s Counsel: 
 Nature and Amount of Claim: 
 (3) In consideration of the
advancement by the Corporation of Indemnitee’s expenses incurred or to be incurred in defense of the Proceeding, the undersigned hereby undertakes to repay all amounts advanced by the Corporation on account of Indemnitee’s defense of the
Proceeding, unless it shall be determined ultimately that Indemnitee is entitled to be indemnified with respect to the Proceeding in accordance with Section 145 of the Delaware General Corporation Law. 
 Date: 
  

	
	 
	(Signature of Indemnitee)
	(Printed Name of Indemnitee)Thenth Amendment to Loan and Security Agreement

 Exhibit 10.40 
 TENTH AMENDMENT TO 
 LOAN AND SECURITY AGREEMENT, 
 LIMITED WAIVER AND AMENDMENT 
 This TENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT, LIMITED WAIVER, AND AMENDMENT (this “Amendment”), dated October 31, 2007, by and among LASALLE BUSINESS CREDIT, LLC, a Delaware limited liability company
(“LaSalle”), with its principal office at 450 North Brand Blvd., Suite 950, Glendale, California 91203, the financial institutions that, from time to time, become a party to the Loan Agreement (hereinafter defined) (such financial
institutions, collectively, the “Lenders” and each individually, a “Lender”), LaSalle as agent for the Lenders (in such capacity, the “Agent”), and IMPCO TECHNOLOGIES, INC., a Delaware corporation,
with its principal office at 3030 South Susan Street, Santa Ana, California 92704 (the “Borrower”). 
 A. WHEREAS, LaSalle,
as a Lender and the Agent, and the Borrower are parties to a Loan and Security Agreement dated as of July 18, 2003 (as amended, restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”), pursuant to
which the Lenders have agreed, upon satisfaction of certain conditions, to make Revolving Advances and other financial accommodations to the Borrower; and 
 B. WHEREAS, the Borrower has informed the Lenders and the Agent that it is not in compliance with the following financial covenants for the periods indicated (hereinafter collectively “October Existing
Defaults”) which October Existing Defaults each constitute an Event of Default under Paragraph 16(b) of the Loan Agreement: 
 (i) U.S. Minimum Pre-Tax Income covenant set forth in Paragraph 14(x)(v) of the Loan Agreement for the months ended December 31, 2006, August 31, 2007 and September 30, 2007; 
 (ii) Minimum Tangible Net Worth covenant set forth in Paragraph 14(x)(i) of the Loan Agreement for the fiscal quarter ending
September 30, 2007; 
 (iii) Minimum Consolidated EBITDA covenant set forth in Paragraph 14(p)(ii), Minimum U.S.
EBITDA covenant as previously set forth in Paragraph 14(x)(ii), Fixed Charge Coverage Ratio covenant as previously set forth in Paragraph 14(x)(iii), U.S. Leverage Ratio covenant as previously set forth in Paragraph 14(x)(iv);
Fixed Charge Coverage Ratio covenant as previously set forth in Paragraph 14(p)(iii) and the Consolidated Leverage Ratio covenant as previously set forth in Paragraph 14(p)(iv) of the Loan Agreement, each for each of the fiscal
quarters ending June 30, 2004, through and including September 30, 2006. 
 C. WHEREAS, the Borrower has requested that the Lenders
and the Agent agree to: (a) waive the October Existing Defaults and (b) amend the Loan Agreement in certain respects, and the Lenders and the Agent are willing to waive the October Existing Defaults and amend Loan Agreement, all on the
terms and subject to the conditions hereinafter set forth. Capitalized terms used herein, unless otherwise defined herein, shall have the meaning set forth in the Loan Agreement. 
  

 NOW THEREFORE, the parties hereto agree as follows: 
 1. Recitals. The Borrower confirms that the Recitals above are true and correct. 
 2. Limited Waiver. 
 (a) The Lenders
and the Agent hereby waive the October Existing Defaults and agree not to exercise any rights or remedies available as a result of the occurrence thereof. 
 (b) The waiver granted herein is a one-time waiver, given solely for the specific covenants and specific time periods set forth in Recital B hereof. Nothing contained in this Amendment constitutes a waiver by the
Lenders or the Agent of any other terms or provisions of the Loan Agreement or the Other Agreements, whether or not the Lenders or the Agent have any knowledge thereof, nor may anything contained in this Amendment be deemed a waiver by the Lenders
or the Agent of any non-compliance with the terms or provisions of the Loan Agreement or the Other Agreements that may occur after the date of this Amendment. 
 3. Reset of Certain Covenants. 
 (a) Paragraph 14(x)(v) of the Loan Agreement is hereby
amended and restated to read in its entirety as follows: 
 “(v) U.S. Minimum Pre-Tax Income. Borrower shall
maintain and cause the U.S. Consolidated Group to maintain, as of the end of each fiscal period set forth below, Pre-Tax Income of not less than the respective amount set forth below opposite each such fiscal period: 
  

			
	 Fiscal Period
	 	 Minimum Pre-Tax Income

		
	 January 1, 2005 through
end of FQ1 2005
	 	    $200,000
		
	 January 1, 2005 through
end of FQ2 2005
	 	    $500,000
		
	 January 1, 2005 through
end of FQ3 2005
	 	    $800,000
		
	 Four consecutive fiscal quarters
 ending at end of FQ4 2005
	 	$1,000,000
		
	 Four consecutive fiscal quarters
 ending at end of FQ1 2006
	 	$1,200,000
		
	 Four consecutive fiscal quarters
 ending at end of FQ2 2006
	 	$1,600,000

  

 2 

			
	 Fiscal Period
	 	 Minimum Pre-Tax Income

		
	 Four consecutive fiscal quarters
 ending at end of FQ3 2006
	 	$1,400,000
		
	 Month ending October 31, 2007
	 	 ($600,000)
		
	 Two Months ending
November 30, 2007
	 	 ($700,000)
		
	 Three Months ending
December 31, 2007
	 	 ($800,000)”

 (b) Paragraph 14(x)(i) of the Loan Agreement is hereby amended and restated in its entirety to read as
follows: 
 “ (i) Tangible Net Worth. Borrower shall cause the U.S. Consolidated Group to maintain, as of the end
of each fiscal quarter, Tangible Net Worth of not less than the respective amount set forth below opposite each such fiscal quarter: 
  

			
	 Fiscal Quarter
	 	 Minimum Tangible Net
Worth

		
	 FQ4 2004
	 	  $8,500,000
	 FQ1 2005
	 	$17,500,000
	 FQ2 2005
	 	$18,000,000
	 FQ3 2005
	 	$17,000,000
	 FQ4 2005
	 	$17,000,000
	 FQ1 2006
	 	$16,500,000
	 FQ2 2006
	 	$17,000,000
	 FQ3 2006 and each
fiscal quarter thereafter through
 September 30, 2007
	 	$16,000,000
	 Month ended October 31, 2007
	 	$14,000,000
	 Month ended November 30, 2007
	 	$13,900,000
	 Month ended December 31, 2007
 and thereafter
	 	 $13, 800,000”

 4. Extension of Term. The first sentence of Paragraph 12(a) of the Loan Agreement is
hereby deleted and replaced in its entirety by the following: 
 “(a) This Agreement shall be in effect from the date
hereof until January 31, 2008 (the “Term”), unless the due date of the Liabilities is accelerated pursuant to paragraph 17 hereof, in which case this Agreement shall terminate on the date thereafter 

  

 3 

 
that the Liabilities are paid in full, provided, however, that the security interests and liens created under this Agreement and the Other
Agreements shall survive such termination until the date upon which payment and satisfaction in full of the Liabilities shall have occurred.” 
 5. Subordinated Debt Payments. The Borrower has represented to the Agent and the Lenders that it will not make any payments of principal to MTM until after January 31, 2008, payment in full of the Liabilities and termination of
the Loan Agreement. Alternatively, Borrower may make payments of principal to MTM so long as MTM immediately returns the same amount of funds to Borrower as a subordinated loan which will not be repaid in whole or in part until after payment in full
of the Liabilities and termination of the Loan Agreement. The foregoing shall be deemed an additional representation and warranty under Paragraph 13 of the Loan Agreement. 
 6. Revolving Loan Commitment. The definition of “Revolving Loan Commitment” set forth in Paragraph 1(a) of the Loan Agreement is
hereby amended and restated to read in its entirety as follows: 
 “ ‘Revolving Loan Commitment’ shall
mean the sum of $7,000,000.” 
 7. Examination Fees. Section 5(h) of the Loan Agreement is hereby amended in its entirely to
read as follows: 
 “(h) Examination and Appraisal Fees. In addition to the costs and expenses described in
paragraph 5(g) hereof, Borrower shall pay to Agent for its own account an examination fee of $850 per Person per day charged by Agent for each examination performed by or at Agent’s direction of Borrower’s books and records and Collateral
and such other matters as Agent shall deem appropriate in its commercially reasonable judgment together with each such Person’s out of pocket expenses incurred in connection with each such examination, each such fee and out of pocket expenses
to be paid upon the completion of each such examination.” 
 8. Amendment Fee. In addition to all other fees and charges,
Borrower agrees to pay to Agent on the date hereof a fully-earned, non-refundable amendment fee of $50,000 (the “Amendment Fee”). 
 9. Release. As a material inducement to the Agent and the Lenders to enter into this Amendment, Borrower hereby releases the Agent and each Lender, and their respective directors, officers, employees, affiliates, representatives,
attorneys, and agents, from any and all claims, demands, debts, liabilities, actions, and causes of action of every kind, known or unknown, and character based upon, relating to, or arising out of the Loan Agreement and related transactions in any
way (collectively “Claims”). 
  

 4 

 The Borrower intends the above release to cover, encompass, release, and extinguish, inter alia, all
Claims that might otherwise be reserved by California Civil Code Section 1542 or any similar provision of New York law. California Civil Code Section 1542 provides as follows: 
 “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 
 Borrower acknowledges that
it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action, and agrees that this Amendment and the above releases are and will remain effective in
all respects notwithstanding any such differences or additional facts. 
 10. Acknowledgments and Confirmations. The Borrower, the
Lenders and the Agent hereby acknowledge and confirm that as of the Effective Date (defined below): (i) all references in the Loan Agreement to “this Agreement” will be deemed to refer to the Loan Agreement, as amended by this
Amendment; and (ii) all references in each of the Other Agreements to the “Loan Agreement” will be deemed to refer to the Loan Agreement, as amended by this Amendment. 
 11. Representations and Warranties. The Borrower hereby represents and warrants to the Lenders and the Agent, that: 
 (a) Each of the representations and warranties set forth in Paragraph 13 of the Loan Agreement is true in all material respects as of the date
hereof, except for changes in the ordinary course of business, that, either singly or in the aggregate, are not materially adverse to the business or financial condition of the Borrower or to the Collateral and except for the Existing Default.

 (b) As of the date hereof, after giving effect to the terms of this Agreement, there exists no Default or Event of Default. 
 (c) The Borrower has the power to execute, deliver, and perform this Amendment and all agreements, instruments, and documents executed in connection
herewith (this Amendment and such other agreements, instruments, are documents are sometimes hereinafter referred to collectively as the “Amendment Documents”). The Borrower has taken all necessary action to authorize the execution,
delivery, and performance of this Amendment and the other Amendment Documents. No consent or approval of any entity or Person (including without limitation, any shareholder of the Borrower), no consent or approval of any landlord or mortgagee, no
waiver of any Lien or right of distraint or other similar right, and no consent, license, approval, authorization, or declaration of any governmental authority, bureau, or agency is required in connection with the execution, delivery, or performance
by the Borrower, or the validity or enforcement, of this Amendment or the other Amendment Documents. 
 (d) The execution and delivery by the
Borrower of this Amendment and the other Amendment Documents and performance by it hereunder and thereunder, will not violate any provision of law and will not conflict with or result in a breach of any order, writ, injunction, ordinance,
resolution, decree, or other similar document or instrument of any court or 

  

 5 

 
governmental authority, bureau, or agency, domestic or foreign, or the certificate of incorporation or by-laws of the Borrower, or create (with or without
the giving of notice or lapse of time, or both) a default under or breach of any agreement, bond, note, or indenture to which the Borrower is a party, or by which it is bound or any of its properties or assets is affected (including without
limitation, the Subordinated Debt Documents), or result in the imposition of any Lien of any nature whatsoever upon any of the properties or assets owned by or used in connection with the business of the Borrower, other than the Liens contemplated
by this Amendment. 
 (e) This Amendment and the other Amendment Documents have been duly executed and delivered by the Borrower and
constitute the valid and legally binding obligation of the Borrower, enforceable in accordance with their respective terms. 
 12.
Conditions to Effectiveness of Amendment and Waiver. This Amendment is effective upon the Borrower and the Agent executing this Amendment and delivering same to the Agent and payment of the Amendment Fee (the “Effective
Date”). 
 13. Further Assurances. The Borrower agrees that it will, from time to time, execute and/or deliver all
agreements, instruments, and documents and do and perform all actions and things (all at the Borrower’s sole expense) as the Agent may reasonably request to carry out the intent and terms of this Amendment. 
 14. Miscellaneous. 
 (a) The
Borrower’s breach of any of its covenants contained in this Amendment will constitute an Event of Default. 
 (b) Nothing contained in
this Agreement imposes an obligation on the Lenders or the Agent to further amend the Loan Agreement or waive compliance with any other provision. 
 (c) Except as set forth in this Amendment, none of the Lenders nor the Agent waive any breach of, or Default or Event of Default under, the Loan Agreement, nor any right or remedy the Lenders or the Agent may have under the Loan Agreements,
the Other Agreements, or applicable law, all of which rights and remedies are expressly reserved. 
 (d) Except as specifically amended in
this Amendment, the Loan Agreement and the Other Agreements remain in full force and effect in accordance with their respective terms. 
 (e)
No modification or waiver of or with respect to any provision of this Amendment and all other agreements, instruments, and documents delivered pursuant hereto or referred to herein, nor consent to any departure by any party hereto or thereto from
any of the terms or conditions hereof or thereof, will in any event be effective, unless it is in writing and signed by each party hereto, and then such waiver or consent will be effective only in the specific instance and for the purpose for which
given. 
 (f) This Amendment, together with all of the other agreements, instruments, and documents referred to herein, embodies the entire
agreement and understanding among the parties hereto with respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings relating to the subject matter hereof. 
  

 6 

 (g) Without in any way limiting Paragraph 14(r) of the Loan Agreement, the Borrower shall pay all
of the Lenders’ and the Agent’s fees, costs, and expenses incurred in connection with this Amendment and the transactions contemplated hereby, including without limitation, the Lenders’ and the Agent’s legal fees and expenses
incurred in connection with the preparation, negotiation, consummation, and, if required, the enforcement, of this Amendment and the other Amendment Documents. 
 (h) This Amendment may be signed in any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 (i) EACH OF THE PARTIES TO THIS AMENDMENT HEREBY WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT PERTAINS DIRECTLY OR INDIRECTLY TO
THIS AMENDMENT, ANY OF THE OTHER AGREEMENTS, THE LIABILITIES, THE COLLATERAL, ANY ALLEGED TORTIOUS CONDUCT OF THE BORROWER, THE AGENT, OR THE LENDERS OR THAT, IN ANY WAY, DIRECTLY OR INDIRECTLY, ARISES OUT OF OR RELATES TO THE RELATIONSHIP AMONG THE
BORROWER, THE AGENT, AND/OR THE LENDERS. IN NO EVENT WILL THE AGENT OR ANY LENDER BE LIABLE FOR LOST PROFITS OR OTHER SPECIAL OR CONSEQUENTIAL DAMAGES. 
 (j) This Amendment is governed by and must be construed in accordance with the applicable law pertaining in the State of New York, other than those conflict of law provisions that would defer to the substantive laws
of another jurisdiction. 
 (k) The parties to this Amendment prefer that any dispute between or among them be resolved in litigation subject
to a jury trial waiver as set forth above. Only if a pre-dispute jury trial waiver of the type provided for above is unenforceable in litigation to resolve any dispute, claim, cause of action or controversy under this Amendment, the Loan Agreement
or any of the Other Agreements (each, a “Cause of Action”) in the venue where the Cause of Action is being brought pursuant to the terms of this Amendment, then, upon the written request of any party, such Cause of Action, including
any and all questions of law or fact relating thereto, shall be determined exclusively by a judicial reference proceeding. Except as otherwise provided in this Section 13 above, venue for any such reference proceeding shall be in the state or
federal court in the County or District where venue is appropriate under applicable law (the “Court”). The parties shall select a single neutral referee, who shall be a retired state or federal judge. If the parties cannot agree
upon a referee within 15 days, the Court shall appoint the referee. The referee shall report a statement of decision to the Court. Notwithstanding the foregoing, nothing in this paragraph shall limit the right of Agent or Lenders to exercise
self-help remedies, foreclose against collateral or obtain provisional remedies (including without limitation, requests for temporary restraining orders, preliminary injunctions, writs of possession, writs of attachment, appointment of a receiver,
or any orders that a court may issue to preserve the status quo, to prevent irreparable injury or to allow a party to enforce its liens and security interests). The parties shall bear the fees and expenses of the referee equally unless the referee
orders 

  

 7 

 
otherwise. The referee also shall determine all issues relating to the applicability, interpretation, and enforceability of this Section. The parties
acknowledge that any Cause of Action determined by reference pursuant to this Section 13(k) shall not be adjudicated by a jury. 
 (Signature Page Follows) 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first
above set forth. 
  

			
	LASALLE BUSINESS CREDIT, LLC,
	as a Lender and as Agent
		
	By:	 	/s/ Ron Bornstein
		
	Name:	 	Ron Bornstein
		
	Title:	 	First Vice President
	
	IMPCO TECHNOLOGIES, INC.,
	as Borrower
		
	By:	 	/s/ Thomas M. Costales
		
	Name:	 	Thomas M. Costales
		
	Title:	 	CFO

  
  
 Signature Page

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