Document:

Form of 1st Amendment to 6th Amended and Restated Registration Rights Agrmnt

 Exhibit 10.36 

FIRST AMENDMENT TO SIXTH AMENDED 

AND RESTATED REGISTRATION RIGHTS AGREEMENT 

This FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT is made and entered into as of
[    ], 2010 (this “First Amendment”) between FleetCor Technologies, Inc., a Delaware corporation (the “Company”) and the Approval Holders party hereto. Capitalized terms used in this First
Amendment, but not otherwise defined herein, shall have the meanings assigned to such terms in the Registration Rights Agreement (as defined below). 

RECITALS 

WHEREAS, each of the undersigned is a party to that certain Sixth Amended and Restated Registration Rights Agreement, dated April 1,
2009 (the “Registration Rights Agreement”), between the Company and the Investors party thereto; 
 WHEREAS,
the Company and the Approval Holders may effect an amendment to the Registration Rights Agreement on behalf of all Investors pursuant to Section 14(d) of the Registration Rights Agreement; and 

WHEREAS, the Company and the Approval Holders now desire to amend the Registration Rights Agreement, as described below, by entering into
this First Amendment. 
 NOW THEREFORE, in consideration of the mutual representations, warranties and covenants herein
contained and in the Registration Rights Agreement, and intending to be legally bound hereby, the parties hereto agree as follows: 

1. Amendment to Definition of Registrable Securities in the Registration Rights Agreement. The reference to “(b) solely for
purposes of, and in accordance with the terms of, any registration effected under Sections 3 and 5 hereof” in the definition of Registrable Securities in the Registration Rights Agreement is hereby replaced with the following: 

“(b) solely for purposes of, and in accordance with the terms of, a registration in connection with the Company’s initial
underwritten public offering of Common Stock and solely for purposes of, and in accordance with the terms of, any registration effected under Sections 3 and 5 hereof” 

2. Amendment to Section 7(a) of the Registration Rights Agreement. The reference to “pursuant to Section 2, 3 or
5” in Section 7(a) of the Registration Rights Agreement is hereby replaced with the following: 
 “in
connection with the Company’s initial underwritten public offering of Common Stock or pursuant to Section 2, 3 or 5 hereof” 

3. Amendment to Section 7(b) of the Registration Rights Agreement. The reference to “pursuant Section 2, 3 or
5” in Section 7(b) of the Registration Rights Agreement is hereby replaced with the following: 
 “in
connection with the Company’s initial underwritten public offering of Common Stock or pursuant to Section 2, 3 or 5 hereof” 

 4. Integration with Registration Rights Agreement. This First Amendment is executed,
and shall be considered, as an amendment to the Registration Rights Agreement and shall form a part thereof, and the provisions of the Registration Rights Agreement, as amended by this First Amendment, are hereby ratified and confirmed in all
respects. 
 5. Entire Agreement. This First Amendment together with the Registration Rights Agreement contain the entire
understanding of the parties hereto with respect to the subject matter contained herein. 
 6. Governing Law. This First
Amendment shall be governed by and construed in accordance with the internal and substantive laws of the State of Delaware. 

7. Successors and Assigns. This First Amendment will be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. Neither this First Amendment nor any right, interest or obligation under this First Amendment may be assigned by any party to this First Amendment without the prior written consent of the other parties hereto and
any attempt to do so will be void. 
 8. Rules of Construction. Section headings contained in this First Amendment are
inserted only as a matter of convenience and in no way define, limit, extend or describe the scope of this First Amendment or the intent of any of the provisions hereof. This First Amendment has been negotiated on behalf of the parties with the
advice of legal counsel and no general rule of contract construction requiring an agreement to be more stringently construed against the drafter or proponent of any particular provision will be applied in the construction or interpretation of this
First Amendment. 
 9. Counterparts. This First Amendment may be executed in one or more counterparts, and will become
effective when one or more counterparts have been signed by each of the parties. 
 [Signature Page Follows] 

 

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 IN WITNESS WHEREOF, this First Amendment has been duly executed by the parties hereto as of
the day and year first above written. 
  

			
	COMPANY:
	
	FLEETCOR TECHNOLOGIES, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	APPROVAL HOLDERS:
	
	SUMMIT VI ADVISORS FUND, L.P.
		
	By:	 	 Summit Partners VI (GP), L.P.

Its General Partner

	By:	 	 Summit Partners VI (GP), LLC

Its General Partner

		
	By:	 	 
		 	Manager Member
	
	SUMMIT VI ENTREPRENEURS FUND, L.P.
		
	By:	 	 Summit Partners VI (GP), L.P.

Its General Partner

	By:	 	 Summit Partners VI (GP), LLC

Its General Partner

		
	By:	 	 
		 	Manager Member

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

			
	SUMMIT VENTURES VI-A, L.P.
		
	By:	 	 Summit Partners VI (GP), L.P.

Its General Partner

	By:	 	 Summit Partners VI (GP), LLC

Its General Partner

		
	By:	 	 
		 	Manager Member
	
	SUMMIT VENTURES VI-B, L.P.
		
	By:  	 	 Summit Partners VI (GP), L.P.

Its General Partner

	By:	 	 Summit Partners VI (GP), LLC

Its General Partner

		
	By:	 	 
		 	Manager Member
	
	SUMMIT INVESTORS VI, L.P.
		
	By:	 	 Summit Partners VI (GP), L.P.

Its General Partner

	By:	 	 Summit Partners VI (GP), LLC

Its General Partner

		
	By:	 	 
		 	Manager Member
	
	SUMMIT SUBORDINATED DEBT FUND II, L.P.
		
	By:	 	 Summit Partners SD II, LLC
 Its
General Partner

	By:	 	 Stamps, Woodsum & Co. IV

Its General Partner

		
	By:	 	 
		 	General Partner

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

			
	SUMMIT PARTNERS PRIVATE EQUITY FUND VII-A, L.P.
		
	By:  	 	 Summit Partners PE VII, L.P.

Its General Partner

	By:	 	 Summit Partners PE VII, LLC

Its General Partner

		
	By:	 	 
		 	Member
	
	SUMMIT PARTNERS PRIVATE EQUITY FUND VII-B, L.P.
		
	By:	 	 Summit Partners PE VII, L.P.

Its General Partner

	By:	 	 Summit Partners PE VII, LLC

Its General Partner

		
	By:	 	 
		 	Member
	
	SUMMIT INVESTORS I, LLC
		
	By:	 	 Summit Investors Management, LLC

Its Manager

	By:	 	 Summit Partners, L.P.
 Its
Manager

	By:	 	 Summit Master Company, LLC
 Its
General Partner

		
	By:	 	 
		 	Member

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

			
	SUMMIT INVESTORS I (UK), L.P.
		
	By:	 	 Summit Investors Management, LLC

Its General Partner

	By:	 	 Summit Partners, L.P.
 Its
Manager

	By:	 	 Summit Master Company, LLC
 Its
General Partner

		
	By:	 	 
		 	Member
	
	BAIN CAPITAL FUND VIII, LLC
		
	By:	 	 Bain Capital Fund VIII, L.P.,

Its sole member

		
	By:	 	 Bain Capital Partners VIII, L.P.,

Its general partner

		
	By:	 	 Bain Capital Investors, LLC,

Its general partner

		
	By:	 	 
	Name: 	 	
	Title:	 	
	
	BCIP ASSOCIATES III, LLC
		
	By:	 	 BCIP Associates III,
 Its
manager

		
	By:	 	 Bain Capital Investors, LLC,

Its managing partner

		
	By:	 	 
	Name: 	 	
	Title:	 	

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

			
	BCIP T ASSOCIATES III, LLC
		
	By:	 	 BCIP Trust Associates III,
 Its
manager

		
	By:	 	 Bain Capital Investors, LLC,

Its managing partner

		
	By:	 	 
	Name: 	 	
	Title:	 	
	
	BCIP ASSOCIATES III-B, LLC
		
	By:	 	 BCIP Associates III-B,
 Its
manager

		
	By:	 	 Bain Capital Investors, LLC,

Its managing partner

		
	By:	 	 
	Name: 	 	
	Title:	 	
	
	BCIP T ASSOCIATES III-B, LLC
		
	By:	 	 BCIP Trust Associates III-B

Its manager

		
	By:	 	 Bain Capital Investors, LLC,

Its managing partner

		
	By:	 	 
	Name: 	 	
	Title:	 	

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

			
	BCIP ASSOCIATES – G
		
	By:	 	 Bain Capital Investors, LLC,

Its managing partner

		
	By:	 	 
	Name: 	 	
	Title:	 	

  

 FIRST AMENDMENT TO SIXTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENTForm of Indemnity Agreement, major stockholders

 Exhibit 10.37 

INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT is made and executed effective as of this      day of
                    , 2010, by and between FLEETCOR TECHNOLOGIES, INC., a Delaware corporation (the “Company”), and
                                    , an individual resident
of the State of                                  (the “Indemnitee”).

 WHEREAS, the Company is aware that, in order to induce highly competent persons to serve the Company as directors or officers
or in other capacities, the Company must provide such persons with adequate protection through indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the Company; 

WHEREAS, the Board of Directors of the Company has determined that it is in the best interests of the Company’s stockholders that
the Company act to assure such persons that there will be increased certainty of such protection in the future; 
 WHEREAS, it
is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify such persons to the fullest extent permitted by applicable law so that they will continue to serve the Company free from undue concern that they will
not be so indemnified; 
 WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate and Bylaws (as
defined below) of the Company and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefore, nor to diminish or abrogate any rights of Indemnitee thereunder; 

WHEREAS, the Indemnitee is willing to serve, continue to serve, and take on additional service for or on behalf of the Company on the
condition that [he] [she] be so indemnified; and 
 WHEREAS, Indemnitee is a representative of
                         or certain of its affiliates (collectively, the “Fund Indemnitors”) and may have
certain rights to indemnification, advancement of expenses and/or insurance provided by the Fund Indemnitors, which Indemnitee, the Company and the Fund Indemnitors intend to be secondary to the primary obligation of the Company to indemnify
Indemnitee as provided herein, with the Company’s acknowledgement of and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve as a director of the Company. 

NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Indemnitee do hereby agree as follows: 

1. Service by the Indemnitee. The Indemnitee agrees to serve and/or continue to serve as a director or officer of the Company
and/or another Enterprise, as applicable, faithfully and will discharge [his] [her] duties and responsibilities to the best of [his] [her] ability so long as the Indemnitee is duly elected or qualified in accordance with the provisions of the
Certificate 

 
of Incorporation of the Company (as may be amended from time to time, the “Certificate”), the Bylaws of the Company (as may be amended from time to time, the “Bylaws”), other
similar organizational document of another Enterprise, as applicable, the General Corporation Law of the State of Delaware, as amended (the “DGCL”) and any other applicable law in effect on the date of this Agreement and from time to time,
or until [his] [her] earlier death, resignation or removal. The Indemnitee may, at any time and for any reason, resign from such position (subject to any other contractual obligation or other obligation imposed by operation by law), in which event
the Company shall have no obligation under this Agreement to continue the employment or directorship of the Indemnitee and Indemnitee shall have no further obligation to serve. Nothing in this Agreement shall confer upon the Indemnitee the right to
continue in the employ of the Company or another Enterprise or as a director of the Company or another Enterprise or affect the right of the Company or another Enterprise to terminate the Indemnitee’s employment at any time in the sole
discretion of the Company or applicable Enterprise, with or without cause, subject to any contract rights of the Indemnitee created or existing otherwise than under this Agreement. 

2. Indemnification. The Company hereby agrees to hold harmless and indemnify the Indemnitee to the fullest extent permitted by the
Certificate, Bylaws and DGCL or other applicable law in effect on the date of this Agreement and to any greater extent that applicable law may in the future from time to time permit. In furtherance of the foregoing indemnification, and without
limiting the generality thereof: 
 (a) Indemnity in Third-Party Proceedings. The Company shall indemnify and hold
harmless Indemnitee in accordance with the provisions of this Section 2(a) if Indemnitee is made, or is threatened to be made, a party to or a participant in (as a witness or otherwise) any Proceeding, other than a Proceeding by or in the right
of the Company to procure a judgment in its favor. Pursuant to this Section 2(a), Indemnitee shall be indemnified against all Expenses, judgments, liabilities, fines, penalties, amounts paid in settlement (including, without limitation, all
interest, assessments and other charges paid or payable in connection with or in respect of any of the foregoing) (collectively, “Losses”) actually and reasonably incurred by Indemnitee or on [his] [her] behalf in connection with such
Proceeding or any action, discovery event, claim, issue or matter therein or related thereto, if Indemnitee acted in good faith, for a purpose which [he] [she] reasonably believed to be in or not opposed to the best interests of the Company and, in
the case of a criminal Proceeding, in addition, had no reasonable cause to believe that [his] [her] conduct was unlawful. 
 (b)
Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify and hold harmless Indemnitee in accordance with the provisions of this Section 2(b) if Indemnitee was, is, or is threatened to be made, a party to or
a participant (as a witness or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2(b), Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by [him] [her] or on [his] [her] behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner [he] [she] reasonably believed to be in or not opposed to the best interests
of the Company. No indemnification for Expenses shall be made under this Section 2(b) in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court in a non-appealable decision to be liable to the
Company, unless and only to the extent that any 
  

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court in which the Proceeding was brought or the Chancery Court in the State of Delaware 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 indemnification. 
 3. Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Losses actually and reasonably incurred by the Indemnitee in connection with the investigation,
defense, appeal or settlement of any Proceeding, but is not entitled to indemnification for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such Losses actually and reasonably incurred by the
Indemnitee to which the Indemnitee is entitled. For purposes of this Section 3 and without limitation, (1) 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, and (2) a decision by any government, regulatory or self regulatory authority, agency or body not to commence or pursue any investigation, civil or criminal enforcement matter or case or in
any civil suit, shall be deemed to be a successful result as to such claim, issue or matter. 
 4. Indemnity for Expenses
Incurred to Secure Recovery or as a Witness. 
 (a) The Company shall, to the fullest extent permitted by law,
indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all Expenses and, if requested by Indemnitee, shall advance on an as-incurred basis (as provided in Section 9 of this Agreement) such Expenses to
Indemnitee, which are reasonably incurred by Indemnitee in connection with any action or proceeding or part thereof brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement, any other
agreement, the Certificate of Incorporation or By-laws of the Company as now or hereafter in effect; or (ii) recovery under any director and officer liability insurance policies maintained by the Company. 

(b) To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness (or is forced or asked to respond to
discovery requests) in any Proceeding to which Indemnitee is not a party, the Company shall, to the fullest extent permitted by law, indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, and the Company will advance on
an as-incurred basis (as provided in Section 9 of this Agreement), all Expenses actually and reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. 

5. Additional Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in
Sections 2, 3 or 4 hereof, the Company shall and hereby does indemnify and hold harmless Indemnitee, to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law against all Losses actually and reasonably
incurred by [him] [her] or on [his] [her] behalf if, by reason of [his] [her] Corporate Status, [he] [she] is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company). No
indemnification shall be made under this Section 5 on account of Indemnitee’s conduct that is finally determined (under the procedures and subject to the presumptions set forth in Sections 7, 8 and 10 hereof) to be an act or omission not
in good faith or involving intentional misconduct or a knowing violation of the law. 
  

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 6. Contribution. 

(a) Whether or not any of the indemnification and hold harmless rights provided in Sections 2, 3, 4 and 5 hereof are available in respect
of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such Proceeding without requiring
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any Proceeding in which the Company is jointly
liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 

(b) Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason,
Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the
amount of Losses actually incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee
(or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the
extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in
such Proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or amounts paid in settlement, as well as any other equitable considerations. The relative fault of
the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by
reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary, and the degree to which their conduct is active or
passive. 
 (c) The Company hereby agrees to fully indemnify and hold harmless Indemnitee from any claims for contribution which
may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee. 

(d) To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties,
excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the
circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the
Company (and its directors, officers, employees and agents) and Indemnitee 
  

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in connection with such event(s) and/or transaction(s). No contribution shall be made under this Section 6(d) on account of Indemnitee’s conduct that is finally determined (under the
procedures and subject to the presumptions set forth in Sections 7, 8 and 10 hereof) to be an act or omission not in good faith or involving intentional misconduct or a knowing violation of the law. 

7. Procedure for Determination of Entitlement to Indemnification. 

(a) To obtain indemnification under this Agreement, Indemnitee shall submit a written request to the Company for indemnification
hereunder. The time at which Indemnitee submits a written request for indemnification shall be determined by the Indemnitee in the Indemnitee’s sole discretion. Once Indemnitee submits such a written request for indemnification (and only at
such time that Indemnitee submits such a written request for indemnification), a Determination (as defined by Section 26 of this Agreement) shall thereafter be made, as provided in and only to the extent required by Section 7(c) of this
Agreement. In no event shall a Determination of Indemnitee’s entitlement to indemnification be made, or be required to be made, as a condition to or otherwise in connection with any advancement of Expenses pursuant to Section 9 of this
Agreement or, with respect to any Proceeding, to the extent Indemnitee has been successful on the merits or otherwise in such Proceeding. If, at the time of receipt of any such request for indemnification, the Company has director and officer
insurance policies in effect, the Company will promptly notify the relevant insurers in accordance with the procedures and requirements of such policies. 

(b) The Secretary of the Company shall, promptly upon receipt of a claim for indemnification from the Indemnitee, advise the Board of
Directors in writing that Indemnitee has requested indemnification. Any Expenses incurred by the Indemnitee in connection with the Indemnitee’s request for indemnification hereunder shall be borne by the Company. The Company hereby indemnifies
and agrees to hold the Indemnitee harmless for any Expenses incurred by Indemnitee under the immediately preceding sentence irrespective of the outcome of the determination of the Indemnitee’s entitlement to indemnification. 

(c) Upon submission of a written request by the Indemnitee for indemnification as provided in Section 7(a), a Determination shall be
made as to Indemnitee’s entitlement to indemnification. Any such Determination shall be made within thirty (30) days after receipt of Indemnitee’s written request for indemnification pursuant to Section 7(a), unless Indemnitee
agrees to a longer period, and such Determination shall be made either (i) by a majority of the Disinterested Directors, even though less than a quorum, so long as Indemnitee does not request that such Determination be made by Independent
Counsel, or (ii) if so requested by Indemnitee, in Indemnitee’s sole discretion, by Independent Counsel in a written opinion to the Company and Indemnitee. If a Determination is made that Indemnitee is entitled to indemnification, payment
to Indemnitee shall be made within ten (10) days after such Determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification,
including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably
necessary to such Determination. Any Expenses incurred by Indemnitee in so cooperating shall be advanced and borne by the Company (irrespective of the Determination as to Indemnitee’s entitlement to indemnification) and the

  

 5 

 
Company is liable to indemnify and hold Indemnitee harmless therefrom. If the person, persons or entity making such Determination shall determine that the Indemnitee is entitled to
indemnification as to part (but not all) of the application for indemnification, such person, persons or entity shall reasonably prorate such part of indemnification among such claims, issues or matters. 

(d) In the event Indemnitee requests that the Determination be made by Independent Counsel, Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection by made by the Board of Directors, in which event the Board of Directors shall make such selection on behalf of the Company, subject to the remaining provisions of this
Section 7(d)), and Indemnitee or the Company, as the case may be, shall give written notice to the other, advising the Company or Indemnitee of the identity of the Independent Counsel so selected. The Company or Indemnitee, as the case may be,
may, within ten (10) days after such written notice of selection shall have been received, deliver to Indemnitee or the Company, as the case may be, a written objection to such selection; provided, however, that such objection may
be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 26 of this Agreement, and the objection shall set forth with particularity the
factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent
Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification
pursuant to Section 7(a) of this Agreement, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have
been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with
respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under this Agreement. Any expenses incurred by Independent Counsel shall be borne by the Company (irrespective of the Determination of
Indemnitee’s entitlement to indemnification) and not by Indemnitee. 
 8. Presumptions and Effect of Certain
Proceedings.  
 (a) In making a Determination with respect to entitlement to indemnification, the Indemnitee shall
be presumed to be entitled to indemnification hereunder and the Company shall bear the burden to make any showing necessary to the making of any determination contrary to such presumption. Neither the failure of the Company (including by its
directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of
conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee
has not met the applicable standard of conduct. 
  

 6 

 (b) If the Board of Directors or, if so elected by Indemnitee, Independent Counsel shall
have failed to make a Determination as to entitlement to indemnification under Section 7 of this Agreement within thirty (30) days after receipt by the Company of such request, the requisite determination of entitlement to indemnification
shall be deemed to have been made and the Indemnitee shall be absolutely entitled to such indemnification, absent actual fraud in the request for indemnification or a prohibition of indemnification under applicable law; provided, however, that such
thirty (30) day period may be extended (or any claim, issue or matter therein) for a reasonable time, not to exceed an additional fifteen (15) days, if the person, persons or entity making the Determination in good faith requires such
additional time for obtaining or evaluating documentation and/or information relating thereto. The termination of any Proceeding covered by Section 2 hereof by judgment, order, settlement or conviction, or upon a plea of nolo contendere
or its equivalent, shall not, of itself adversely affect the rights of the Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which [he] [she] reasonably believed to be in or not opposed
to the best interests of the Company or, with respect to any criminal proceeding, that Indemnitee had reasonable cause to believe that [his] [her] conduct was not unlawful, except as may be provided herein. 

(c) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise the course of their duties, or on the advice of legal counsel for the
Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected by the Enterprise. The provisions of this Section 8(c) shall not be deemed
to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement. 

(d) The knowledge and/or actions, or failure to act, of any other director, officer, trustee, partner, managing member, fiduciary, agent
or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

9. Advancement of Expenses. 

(a) To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the Company a written request therefor, together
with such invoices or other supporting information as may be reasonably requested by the Company and reasonably available to Indemnitee, and an unsecured, interest-free written undertaking by Indemnitee to repay amounts advanced if it is ultimately
determined that the Indemnitee is not entitled to be indemnified against such Expenses by the Company pursuant to this Agreement or otherwise. The Company shall make advance payment of Expenses to Indemnitee, without regard to Indemnitee’s
ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement, no later than ten (10) days after receipt of the written request for advancement (and
each subsequent request for advancement) by Indemnitee. If, at the time of receipt of any such written request for advancement of Expenses, the Company has director and officer insurance policies in effect, the Company will promptly notify the
relevant insurers in accordance with the procedures and 
  

 7 

 
requirements of such policies. The Company shall thereafter keep such director and officer insurers informed of the status of the Proceeding or other claim, as appropriate to secure coverage of
Indemnitee for such claim. The Indemnitee’s entitlement to such Expenses shall include those incurred in connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration pursuant to this Agreement. 

(b) Indemnitee’s right to advancement of Expenses under this Section 9 shall continue until such time as a final determination
of the Proceeding for which advancement or indemnification is sought hereunder, from which all rights to appeal have been exhausted, is made pursuant to Sections 7 and 10 of this Agreement. 

10. Remedies of the Indemnitee in Cases of Determination not to Indemnify or to Advance Expenses. In the event that a
Determination is made that the Indemnitee is not entitled to indemnification hereunder, or if payment of indemnification has not been made within ten (10) days following a Determination of entitlement to indemnification pursuant to
Section 7, or if Expenses are not advanced pursuant to Section 9, the Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Delaware or any other court of competent jurisdiction of the Indemnitee’s
entitlement to such indemnification or advance. Alternatively, the Indemnitee may, at the Indemnitee’s option, seek an award in arbitration to be conducted by a single arbitrator pursuant to the rules of the American Arbitration Association,
such award to be made within 60 days following the filing of the demand for arbitration. The Company shall not oppose the Indemnitee’s right to seek any such adjudication or award in arbitration or any other claim. Such judicial proceeding
or arbitration shall be made de novo, and the Indemnitee shall not be prejudiced by reason of a prior determination (if so made) that the Indemnitee is not entitled to indemnification. If a Determination is made or deemed to have been made
pursuant to the terms of Section 7 hereof that the Indemnitee is entitled to indemnification, the Company shall be bound by such determination and shall be precluded from asserting that such determination has not been made or that the procedure
by which such determination was made is not valid, binding and enforceable. The Company further agrees to stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement and is precluded
from making any assertions to the contrary. The Company shall advance all reasonable Expenses actually incurred by the Indemnitee in connection with such adjudication or award in arbitration (including, but not limited to, any appellate proceedings)
in accordance with the provisions set forth in Section 9 of this Agreement. 
 11. Notification and Defense of
Claim. Indemnitee agrees to notify the Company promptly upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or
advancement of Expenses hereunder. Any failure by Indemnitee to notify any the Company will relieve the Company of its advancement or indemnification obligations under this Agreement only to the extent the Company can establish that such omission to
notify resulted in actual prejudice to it, and the omission to notify the Company will, in any event, not relieve the Company from any liability which it may have to indemnify Indemnitee otherwise than under this Agreement. A notice provided under
this Section 11 shall not be construed as a request for indemnification pursuant to Section 7 or a request for advancement of Expenses under Section 9 of this Agreement. 

 

 8 

 Notwithstanding any other provision of this Agreement, with respect to any such Proceeding as to which the
Indemnitee gives notice to the Company of the commencement thereof: 
 (a) The Company will be entitled to
participate therein at its own expense. 
 (b) If Indemnitee is a participant in a Proceeding with any other
Company directors or officers to whom the Company owes an indemnification obligation, the Company shall not be required to advance expenses for more than one law firm (and, if necessary, an additional law firm to act as local counsel) to
represent collectively Indemnitee and such other Company directors or officers in respect of the same matter unless Indemnitee reasonably concludes, in its sole discretion, that the representation of Indemnitee and such other Company directors or
officers gives rise to a actual or potential conflict of interest.
 (c) The Company shall not, without the prior
written consent of Indemnitee, which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any Proceeding against Indemnitee or which could have been brought against Indemnitee or which potentially or actually
imposes any cost, liability, exposure or burden on Indemnitee, including without limitation the entry of any contribution bar order, other bar order or other similar order, decree or stipulation pursuant to 15 U.S.C. § 78u-4 or any other
foreign, federal or state statute, regulation, rule or law, unless such settlement solely involves the payment of money or performance of any obligation by persons other than Indemnitee and includes an unconditional release of Indemnitee from all
liability on any matters that are the subject of such Proceeding. The Company shall not be obligated to indemnify Indemnitee against amounts paid in settlement of a Proceeding against Indemnitee if such settlement is effected by Indemnitee without
the Company’s prior written consent, which consent shall not be unreasonably withheld. 
 12. Other Right to
Indemnification; Insurance; Subrogation. 
 (a) Except with regard to the Company’s primary obligations, as set forth in
Section 14 hereof, the indemnification and advancement of Expenses provided by this Agreement are cumulative, and not exclusive, and are in addition to any other rights to which the Indemnitee may now or in the future be entitled under any
provision of the Bylaws or Certificate, any vote of stockholders or Disinterested Directors, any provision of law or otherwise. Except as required by applicable law, the Company shall not adopt any amendment to the Bylaws or Certificate the effect
of which would be to deny, diminish or encumber the Indemnitee’s right to indemnification under this Agreement. 
 (b)
Except as provided in Section 14 hereof, in the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee (other than against the Fund Indemnitors),
who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

 

 9 

 (c) Except as provided in Section 14 hereof, the Company shall not be liable under this
Agreement to make any payment of amounts otherwise indemnifiable (or for which advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract,
agreement or otherwise. 
 (d) Except as provided in Section 14 hereof, the Company’s obligation to indemnify or
advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee
has actually received as indemnification or advancement of expenses from such Enterprise. 
 13. Director and Officer
Liability Insurance. The Company shall, from time to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing
the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company’s performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs
of obtaining such insurance coverage against the protection afforded by such coverage. In the event the Company maintains directors’ and officers’ liability insurance, the Indemnitee shall be named as an insured in such manner as to
provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s officers or directors. However, the Company agrees that the provisions hereof shall remain in effect regardless of whether
liability or other insurance coverage is at any time obtained or retained by the Company; except that any payments made to, or on behalf of, the Indemnitee under an insurance policy shall reduce the obligations of the Company hereunder (except with
regard to the Company’s primary obligations, as set forth in Section 14 hereof). Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such
insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided or if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient
benefit. 
 14. Company Obligations Primary. The Company hereby acknowledges that Indemnitee has certain rights to
indemnification, advancement of expenses and/or insurance provided by the Fund Indemnitors. The Company hereby agrees that (a) its obligations to Indemnitee under this Agreement or any other agreement or undertaking to provide advancement,
indemnification or both to Indemnitee are primary, and any obligation of the Fund Indemnitors to provide advancement or indemnification for any Losses incurred by Indemnitee are secondary, (b) it shall be required to advance the full amount of
expenses incurred by Indemnitee and the Company shall be liable for the full amount of all Losses to the extent legally permitted and as required by the terms of this Agreement and Certificate or Bylaws of the Company (or any other agreement between
the Company and Indemnitee), without regard to any rights Indemnitee may have against the Fund Indemnitors, and (c) if the Fund Indemnitors pays or causes to be paid, for any reason, any amounts otherwise indemnifiable hereunder or under any
other indemnification agreement with Indemnitee (whether pursuant to the Bylaws or Certificate or another contract), then (i) the Fund Indemnitors shall have a right of contribution and/or be fully subrogated to all rights of Indemnitee with
respect to such payment and (ii) the Company shall fully indemnify, reimburse and hold harmless the Fund Indemnitors for all such 

 

 10 

 
payments actually made by the Fund Indemnitors. In addition, the Company hereby unconditionally and irrevocably waives, relinquishes, releases, and covenants and agrees not to exercise, any
rights that the Company may now have or hereafter acquires against the Fund Indemnitors or Indemnitee that arise from or relate to contribution, subrogation or any other recovery of any kind under this Agreement or any other indemnification
agreement (whether pursuant to the Bylaws or Certificate or another contract). The Company and Indemnitee hereby agree that this Section 14 shall be deemed exclusive and shall be deemed to modify, amend and clarify any right to indemnification
or advancement provided to Indemnitee under any other contract, agreement or document with the Company. 
 15. Spousal
Indemnification. The Company will indemnify the Indemnitee’s spouse to whom the Indemnitee is legally married at any time the Indemnitee is covered under the indemnification provided in this Agreement (even if Indemnitee did not remain
married to him or her during the entire period of coverage) against any Proceeding for the same period, to the same extent and subject to the same standards, limitations, obligations and conditions under which the Indemnitee is provided
indemnification herein, if the Indemnitee’s spouse (or former spouse) becomes involved in a pending or threatened action, suit, proceeding or investigation solely by reason of [his] [her] status as Indemnitee’s spouse, including, without
limitation, any pending or threatened action, suit, proceeding or investigation that seeks damages recoverable from marital community property, jointly-owned property or property purported to have been transferred from the Indemnitee to [his] [her]
spouse (or former spouse). The Indemnitee’s spouse or former spouse also shall be entitled to advancement of Expenses to the same extent that Indemnitee is entitled to advancement of Expenses herein. The Company may maintain insurance to cover
its obligation hereunder with respect to Indemnitee’s spouse (or former spouse) or set aside assets in a trust or escrow fund for that purpose. 

16. Security. To the extent requested by Indemnitee and approved by the Board of Directors of the Company, the Company may at any
time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked
or released without the prior written consent of the Indemnitee. 
 17. Intent. This Agreement is intended to be broader
than any statutory indemnification rights applicable in the State of Delaware and shall be in addition to any other rights Indemnitee may have under the Certificate, Bylaws, applicable law or otherwise. To the extent that a change in applicable law
(whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Certificate, Bylaws, applicable law or this Agreement, it is the intent of the parties that Indemnitee enjoy by this
Agreement the greater benefits so afforded by such change. 
 18. Attorney’s Fees and Other Expenses to Enforce
Agreement. In the event that the Indemnitee is subject to or intervenes in any Proceeding in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce the Indemnitee’s
rights under, or to recover damages for breach of, this Agreement the Indemnitee, if [he] [she] prevails in whole or in part in such action, shall be entitled to advancement of Expenses, including for attorneys’ fees and disbursements
reasonably incurred by the Indemnitee, in accordance with the terms set forth in Section 9 of this Agreement. 
  

 11 

 19. Effective Date. The provisions of this Agreement shall cover claims, actions,
suits or proceedings whether now pending or hereafter commenced and shall be retroactive to cover acts or omissions or alleged acts or omissions which heretofore have taken place. The Company shall be liable under this Agreement, to the extent
specified in Section 2, 3, 4 or 5 hereof, for all acts and omissions of the Indemnitee while serving as a director and/or officer, notwithstanding the termination of the Indemnitee’s service, if such act was performed or omitted to be
performed during the term of the Indemnitee’s service to the Company. 
 20. Duration of Agreement; Binding Effect.

 (a) This Agreement shall survive and continue even though the Indemnitee may have terminated [his] [her] service as a
director, officer, employee, agent or fiduciary of the Company or as a director, officer, partner, employee, agent or fiduciary of any other entity or Enterprise, including, but not limited to another corporation, partnership, limited liability
company, employee benefit plan, joint venture, trust or other enterprise or by reason of any act or omission by the Indemnitee in any such capacity. 

(b) This Agreement shall be binding upon the Company and its successors and assigns, including, without limitation, any corporation or
other entity which may have acquired all or substantially all of the Company’s assets or business or into which the Company may be consolidated or merged, and shall inure to the benefit of the Indemnitee and [his] [her] spouse, successors,
assigns, heirs, devisees, executors, administrators or other legal representatives. The Company shall require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Company and the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform if no such succession or assignment had taken place. 
 (c) The Company expressly confirms
and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as an officer or director of the Company or another Enterprise. 
 21. Third-Party
Beneficiary. The Fund Indemnitors and Independent Counsel are express third-party beneficiaries of this Agreement, and may specifically enforce the Company’s obligations hereunder (including, but not limited to, the obligations
specified in Section 14 hereof) as though a party hereunder. 
 22. Disclosure of Payments. Except as required by
any Federal or state securities laws or other Federal or state law, neither party shall disclose any payments under this Agreement unless prior approval of the other party is obtained. 

23. Severability. If any provision or provisions of this Agreement shall be held invalid, illegal or unenforceable for any reason
whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, but not limited to, all portions of any Sections of this Agreement containing any such provision held to be invalid,

  

 12 

 
illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, but not limited to, all
portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifest by the
provision held invalid, illegal or unenforceable. 
 24. Counterparts. This Agreement may be executed by one or
more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.  

25. Captions. The captions and headings used in this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof. 
 26. Definitions. For purposes of this
Agreement: 
 (a) “Corporate Status” describes the status of a person who is or was a director,
officer, trustee, partner, managing member, fiduciary, employee or agent of the Company or of any other Enterprise which such person is or was serving at the request of the Company. 

(b) “Determination” shall mean that either (x) there is a reasonable basis for the conclusion that
indemnification of Indemnitee is proper in the circumstances because Indemnitee met a particular standard of conduct or (y) there is no reasonable basis for the conclusion that indemnification of Indemnitee is proper in the circumstances
because Indemnitee met a particular standard of conduct. 
 (c) “Disinterested Director” shall mean a
director of the Company who is not or was not a party to the action, suit, investigation or proceeding in respect of which indemnification is being sought by the Indemnitee. 

(d) “Enterprise” shall mean the Company, any subsidiary of the Company and any other corporation, limited
liability company, partnership, limited partnership, limited liability partnership, joint venture, trust, employee benefit plan or other Enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee,
trustee, partner, managing member, fiduciary, employee or agent. 
 (e) “Expenses” shall include all
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses
incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, any threatened, pending or completed Proceeding, whether civil, criminal,
administrative or investigative in nature, in each case to the extent reasonable. 
  

 13 

 (f) “Independent Counsel” shall mean a law firm or a member of a
law firm that neither is presently nor in the past five years has been retained to represent (i) the Company or the Indemnitee in any matter material to either such party or (ii) any other party to the action, suit, investigation or
proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would
have a conflict of interest in representing either the Company or the Indemnitee in an action to determine the Indemnitee’s right to indemnification under this Agreement. 

(g) “Proceeding” shall include any actual, threatened, pending or completed action, suit, arbitration, alternate
dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil (including intentional or
unintentional tort claims), criminal, administrative or investigative in nature, in which Indemnitee was, is, may be or will be involved as a party, witness or otherwise, by reason of Indemnitee’s status as a director or officer of the Company,
by reason of any action taken by Indemnitee or of any inaction on Indemnitee’s part while acting as a director or officer of the Company, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director,
officer, general partner, managing member, fiduciary, employee or agent of any other Enterprise (in each case whether or not he is acting or serving in any such capacity or has such status at the time any liability or expense is incurred for which
indemnification or advancement of Expenses can be provided under this Agreement), or any foreign equivalent of the foregoing. 

27. Entire Agreement, Modification and Waiver. This Agreement constitutes the entire agreement and understanding of the parties
hereto regarding the subject matter hereof, and no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. No supplement, modification or amendment of this Agreement shall limit or restrict any right of the Indemnitee
under this Agreement in respect of any act or omission of the Indemnitee prior to the effective date of such supplement, modification or amendment unless expressly provided therein. 

28. Notices. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed to have been
duly given if (i) delivered by hand with receipt acknowledged by the party to whom said notice or other communication shall have been directed or if (ii) mailed by certified or registered mail, return receipt requested with postage
prepaid, on the date shown on the return receipt: 
  

	 	(a)	If to the Indemnitee to: 

  

									
		 	  
	  		  		  	
		 	  
	  		  		  	
		 	  
	  		  		  	

  

 14 

	 	(b)	If to the Company, to: 

FleetCor Technologies, Inc. 

Suite 300 
 655
Engineering Drive 
 Norcross, GA 30092 

Attention: General Counsel 

with a copy to: 

King & Spalding LLP 

1180 Peachtree Street 

Atlanta, Georgia 30309 

Attention: Alan J. Prince 
 or
to such other address as may be furnished to the Indemnitee by the Company or to the Company by the Indemnitee, as the case may be. 

29. Governing Law. The parties hereto agree that this Agreement, the rights and obligations of the parties under this Agreement,
and any claim or controversy directly or indirectly based upon, or arising out of, this Agreement or the transactions contemplated by this Agreement (whether based upon contact, tort or any other theory), including all matters of construction,
validity and performance, shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, applied without giving effect to any conflicts-of-law principles. 

[Signature page follows] 
  

 15 

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

			
	FLEETCOR TECHNOLOGIES, INC.
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	INDEMNITEE:
		
	By	 	  

	Name:

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