Document:

Consulting Agreement dated as of January 1, 2008 - Robert C. Szolomayer

 EXHIBIT 10.3 
 

 
 www.biolargo.com 
 Symbol: BLGO       
 January 10, 2008 
 Robert J. Szolomayer 
 830 North Avenue 
 Escondido, CA 92026 
  

			
	 Re:
	 	Consulting Services

 Dear Bob: 
 This agreement (the “Agreement”) will confirm our agreement and understanding concerning consulting services you have agreed to provide to BioLargo, Inc., a Delaware corporation, and its subsidiaries (collectively,
“BioLargo”). 
 1. Effective January 1, 2008, you will provide to BioLargo sufficient commercial business time, skill and
attention, assistance, advice and support in order to fulfill the duties associated with your role in BioLargo’s business, including the development of corporate revenue opportunities and potential technology licensees and support as is
ordinarily provided by a Director of Corporate Development, as BioLargo may request from time to time. Without limiting the generality of the foregoing, you will: 
 (a) undertake and perform the tasks assigned to you from time to time by BioLargo’s Chief Executive Officer; 
 (b) assist in the preparation of regular reports to BioLargo on the efforts expended and undertaken on each project assigned to or undertaken by you. You will maintain and make available to BioLargo upon request complete records for
purchases, products, prices, analyses and such other matters as BioLargo may request from time to time; and 
 (c) take such action as may be
customary and appropriate to protect, maintain and keep confidential any proprietary or confidential information of BioLargo, including without limitation all know how and information that may constitute a trade secret or otherwise confer strategic
or competitive advantages to BioLargo and any and all customer or prospective customer information, by use of passwords, locked cabinets, identification of such information and materials as “Confidential” and other limits on access
as may be customary or appropriate or set forth from time to time in BioLargo’s policies. 
  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 2 of 8 

  

 2. Concurrently with the parties’ execution of this Agreement, you will execute and deliver to
BioLargo the Non-Disclosure and Confidentiality Agreement attached hereto as Appendix A (the “Confidentiality Agreement”), the provisions of which are incorporated herein by this reference. 
 3. You represent, warrant and covenant to BioLargo that: 
 (a) You will devote sufficient business time, energy, interest, ability, and skill to the provision of the services to BioLargo provided for hereunder. 
 (b) You will not, for as long as you are providing services to BioLargo hereunder, directly or indirectly, promote, participate, or engage in any
business activity that would interfere with the performance of your duties hereunder or which is competitive with BioLargo’s business, including, without limitation, any involvement as a shareholder, director, officer, employee, partner, party
to a joint venture, consultant, advisor, individual proprietor, lender, or agent of any business, without the prior written consent of BioLargo. 
 (c) During the term of this Agreement and for a period of one year after the termination of this Agreement, you will not solicit, attempt to solicit, or cause to be solicited any customers of BioLargo for purposes of promoting or selling
products or services which are competitive with those of BioLargo, nor will you solicit, attempt to solicit, or cause to be solicited any employees, agents, or other independent contractors of BioLargo to cease their relationship with BioLargo.

 (d) Except upon the express written consent of BioLargo, you will have no authority, and shall not represent, suggest or imply that you
have the authority, express or implied: (i) to bind BioLargo to any agreements or arrangements, written or oral; (ii) to make an offer or accept an offer on behalf of BioLargo; or (iii) to make representations, warranties, guaranties,
commitments or covenants on behalf of BioLargo. 
 4. As full and complete payments for all services to be performed by you hereunder, you
shall be entitled to receive the following: 
 (a) Base compensation (“Base
Compensation”) in the amount of $7,500 per month, or such other amounts as the parties may agree, which amount shall be payable in cash on or before the 5th day of each calendar month while you are providing services to BioLargo pursuant to this Agreement; and 
 (b) In addition
to payments pursuant to Paragraph 4(a) above, you shall be entitled to be paid a share, to be determined as described in Paragraph 4(c) hereof, of a commission pool (the “Commission Pool”) to be established and maintained by BioLargo. The
Commission Pool shall be calculated annually on a calendar-year basis 

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 3 of 8 

  

 
and be an amount of money equal to a percentage of the Net Licensing Revenue (as hereinafter defined) actually and indefeasibly earned and paid to BioLargo
in the applicable calendar year by licensees or potential licensees (collectively, “Licensees”) in respect of intellectual property owned or controlled by BioLargo which is contemplated to be or actually is incorporated into an existing or
new product (an “Eligible Product”). For purposes of this Agreement, the term “Licensing Revenue” shall mean all revenue actually and indefeasibly earned and paid to BioLargo at any stage of the evaluation, development, marketing
or sale of an Eligible Product, less amounts that are payments to BioLargo associated with expense reimbursement (including without limitation research and development efforts), and past or ongoing work by BioLargo personnel (including without
limitation consultations by our Chief Technology Officer); and the term “Net Licensing Revenue” shall mean Licensing Revenue minus all payments, reserves, set-asides or other obligations payable or paid by BioLargo to third parties in the
form of commissions, finder’s fees and the like. BioLargo shall determine what constitutes Licensing Revenue and Net Licensing Revenue, both categorically and quantitatively, in its sole and absolute discretion. For each product evaluation,
product development, licensing or other revenue-generating agreement with a Licensee (collectively, a “License Agreement”), a “License Agreement Period” shall be the 12-month period commencing on the date Licensing Revenue is
first indefeasibly earned and paid to BioLargo by a Licensee pursuant to that License Agreement. The percentage of Net Licensing Revenue to be included in the Commission Pool shall be established by BioLargo for each License Agreement at the end of
each 12-month period of the term of each License Agreement Period, or at such other times as BioLargo may determine in its sole and absolute discretion, within the following ranges varying from an amount not less than the following stated minimum
percentages (the “Minimum Amount”) to an amount not more than the following stated maximum percentages (the “Maximum Amount”): 
  

	 	•	 	 not less than 4% nor more than 7% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the first 12 months of the License Agreement Period
for such License Agreement; 

  

	 	•	 	 not less than 3% nor more than 5% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the second 12 months of the License Agreement
Period for such License Agreement; 

  

	 	•	 	 not less than 1% nor more than 3% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the third 12 months of the License Agreement Period
for such License Agreement; and 

  

	 	•	 	 not less than 0.75% nor more than 2% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the fourth 12 months,

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 4 of 8 

  

 and for each 12 month period thereafter, of the License Agreement Period for such License Agreement.

 Notwithstanding anything contained herein to the contrary, Licensing Revenue received only from Licensees that enter into License Agreements with the
Company as a result of substantial effort by you (“Managed Relationships”) shall be included in the calculation of Net Licensing Revenue. The Company shall have the sole and absolute right to determine whether any particular business
relationship between the Company and a Licensee is a Managed Relationship subject to inclusion in the Commission Pool provided for in this Paragraph 4(b). 
 (c) You shall be entitled to one half (1/2) of the aggregate Minimum Amounts included in the Commission Pool during each calendar year during the term of this Agreement. The remaining portion of such Minimum
Amount, and any and all of amounts in the Commission Pool in excess of such aggregate Minimum Amounts up to the aggregate Maximum Amounts shall be paid to such persons and in such amounts as BioLargo shall determine in its sole and absolutely
discretion. 
 (d) BioLargo shall pay all sums required to be paid from the Commission Pool in respect of each 12-month period of the
Commission Pool within 90 days after the end of each such 12-month period. BioLargo may, in its sole and absolute discretion, but shall not be obligated to pay bonuses or other additional sums to you and may pay to persons other than yourself sums
from the Commission Pool in excess of the Minimum Amounts thereof. Any amounts paid in excess of the aggregate Minimum Amounts shall be paid in such manner and such times as BioLargo may determine in its sole and absolute discretion. 
 5. This Agreement shall terminate on January 1, 2012, unless earlier terminated, with or without cause at any time, at the election either of
BioLargo or you. Upon any such termination, no sums, other than reimbursements for business expenses incurred by you and not previously reimbursed, shall thereafter be due or payable to you. The provisions of Paragraphs 2, 3(c), 6, 9, 10, 11, 12,
14, 15, 16, 17 and 18 shall survive the termination of this Agreement. 
 6. You shall be entitled to receive an option (the
“Option”) to purchase 1,200,000 shares (the “Shares”) of the Common Stock of BioLargo, upon the approval thereof by the Board of Directors of BioLargo, which approval shall be obtained prior to the execution of this Agreement or
which shall be ratified effective the date of this Agreement. The Option shall be exercisable at the closing market price on the date of grant and shall expire five (5) years from the date of grant. The Option shall vest in four (4) equal
installments commencing on the date of this Agreement and continuing on each of December 31, 2008, December 31, 2009 and December 31, 2010 (each, a “Vesting Date”); provided that no portion of the Option shall vest if
you are not, on a Vesting 

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 5 of 8 

  

 
Date, providing services to BioLargo pursuant to this Agreement. As a material inducement to BioLargo to grant to you the Option described in this Paragraph
6, you represent and warrant to BioLargo as follows: 
 (a) You have, by reason of your business and financial experience, such knowledge,
sophistication and experience in financial and business matters and in making investment decisions of this type that you are capable of (i) evaluating the merits and risks of an investment in the Options or in the Common Stock issuable upon
exercise thereof and making an informed investment decision; (ii) protecting your own interest; and (iii) bearing the economic risk of such investment for an indefinite period of time. 
 (b) You are an “accredited purchaser” as that term is defined in Rule 501(a) of Regulation D of the Securities Act of 1933, as amended (the
“1933 Act”), a copy of which is attached hereto as Appendix B and incorporated herein by this reference. 
 (c) You are acquiring
the Option and will acquire the Shares issuable upon the exercise of the Option for investment for your own account, and not with a view toward distribution thereof, and with no present intention of dividing your interest with others or reselling or
otherwise disposing of all or any portion of the Option or the Shares issuable upon exercise of the Option. You have not offered or sold a participation in the Option or the Shares issuable upon exercise of the Option, and will not offer or sell any
interest therein. You further acknowledge that you do not have in mind any sale of the Option or the Shares issuable upon exercise of the Option currently or after the passage of a fixed or determinable period of time or upon the occurrence or
non-occurrence of any predetermined events or consequence; and that you have no present or contemplated agreement, undertaking, arrangement, obligation, indebtedness or commitment providing for or which is likely to compel a disposition of the
Option or the Shares issuable upon exercise of the Option and are not aware of any circumstances presently in existence that are likely in the future to prompt a disposition thereof. 
 (d) You acknowledge that the Option and the Shares issuable upon exercise of the Option have been offered to you in direct communication between yourself
and BioLargo and not through any advertisement of any kind. 
 (e) You acknowledge that BioLargo has given you access to all information
relating to the BioLargo’s business that you have requested and that you have had access to BioLargo’s periodic reports filed with the Securities and Exchange Commission. You acknowledge that you have sufficient knowledge, financial and
business experience concerning the affairs and conditions of BioLargo so that you can make a reasoned decision as to this investment in BioLargo and is capable of evaluating the merits and risks of this investment. Based on the foregoing, you hereby
agree to indemnify BioLargo and the officers, directors and employees thereof harmless against all liability, costs or expenses (including reasonable attorneys’ fees) arising by reason of or in connection with any misrepresentation or any
breach of your warranties, or arising as a result of your 

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 6 of 8 

  

 
acquisition, sale or other distribution of the Option or the Shares issuable upon exercise of the Option in violation of the 1933 Act, the Securities
Exchange Act of 1934 Act, as amended, or any other applicable law, either federal or state. The representations and warranties contained herein shall be binding upon your heirs, legal representatives, successors and assigns. 
 (f) You are aware of the restrictions of transferability of the Option and the Shares issuable upon exercise of the Option and further understand and
acknowledge that any certificates evidencing the Option or the Shares issuable upon exercise of the Option will bear a legend substantially in the following form: 
 THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR QUALIFIED FOR SALE UNDER ANY STATE SECURITIES LAWS (COLLECTIVELY, “SECURITIES LAWS”) AND MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED UNLESS REGISTERED OR QUALIFIED FOR SALE UNDER ALL APPLICABLE SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER, IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, ANY SUCH OFFER, SALE OR
OTHER TRANSFER IS EXEMPT FROM THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF SUCH SECURITIES LAWS. 
 (g) You understand that
following the Options or the Common Stock issuable upon exercise thereof they may only be disposed of pursuant to either (i) an effective registration statement under the 1934 Act, or (ii) an exemption from the registration requirements of
the 1933 Act. BioLargo has neither filed such a registration statement with the SEC or any state authorities nor agreed to do so. 
 7. To
the extent you are specifically authorized by BioLargo’s Chief Executive Officer or its Board of Directors to make expenditures to carry out your duties hereunder, BioLargo shall reimburse you for the actual costs you incur therefor, subject to
receipt of such documentation and other information as BioLargo may reasonably request or require in accordance with its policies in effect from time to time. Reimbursement for each qualifying expense shall be made on the last day of the calendar
month following the month in which a receipt for payment by you of such expense item and any and all other documentation which BioLargo may reasonably require regarding the expense item was submitted to BioLargo. 
 8. You will be retained by BioLargo only for the purposes and to the extent set forth in this Agreement, and your relation to BioLargo, during the term
of this Agreement, shall be that of an independent contractor. You will not be deemed to be an 

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 7 of 8 

  

 
employee of BioLargo for any purpose whatsoever and shall have no right to seek employment or be retained as an independent contractor for any specific
period of time or any period of time at all. 
 9. Remedies at law shall be deemed to be inadequate for any breach of any of the covenants of
this Agreement, and BioLargo shall be entitled to injunctive relief in addition to any other remedies it may have in the event of such breach. 
 10. You will be solely responsible for any and all income and other taxes that may be due to any state, local or federal governmental authorities in respect of any sums paid to you hereunder. You acknowledge that BioLargo shall not make any
withholdings from payments to you hereunder. You shall indemnify, save and hold BioLargo harmless from and against all loss, cost or expense of any kind or nature in connection with your discharge of your obligations pursuant to this paragraph.

 11. No amendment, modification, supplement, termination, or waiver of any provision in this Agreement, and no consent to any
departure therefrom, shall be effective unless in writing and signed by both you and BioLargo and then only in the specific instance and for the specific purpose given. 
 12. Any notices required or permitted to be given in writing will be deemed received when personally delivered or delivered by facsimile transmission or, if earlier, three (3) days after mailing by United
States mail, postage prepaid. Notice to BioLargo is valid if sent to BioLargo’s principal place of business and notice to you is valid if sent to you at the address in BioLargo’s records. You and BioLargo may change your respective address
only by notice given to the other in the manner set forth herein. 
 13. This Agreement may be executed in two or more counterparts, and the
counterparts, taken together, shall constitute one original. Executed copies of this Agreement and any amendments or modifications thereto may be delivered by facsimile transmission in lieu of an original. 
 14. This Agreement, including the rights and obligations hereunder, shall not be assigned, delegated or transferred by you without the prior written
consent of BioLargo. 
 15. This Agreement (together with the appendices hereto) shall comprise the complete and integrated agreement
of BioLargo and you, and shall supersede all prior agreements, written or oral, on the subject matter hereof. 
 16. This Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the State of California, without regard to conflicts of law principles. 
  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Robert J. Szolomayer 
 January 10, 2008 
 Page 8 of 8 

  

 17. Any provision in this Agreement that is held to be inoperative, unenforceable, or invalid in any
jurisdiction shall be, as to that jurisdiction only, inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of those provisions in any other jurisdiction,
and to this end the provisions of this Agreement shall be severable. 
 18. If there is any litigation or other dispute arising as a result
of or by reason of the agreements in this Agreement, the prevailing party in any such litigation or other dispute shall be entitled to, in addition to any other damages assessed, its reasonable attorneys’ fees, and all other costs and expenses
incurred in connection with settling or resolving such dispute. The attorneys’ fees which the prevailing party is entitled to recover shall include fees for prosecuting or defending any appeal and shall be awarded for any supplemental
proceedings until the final judgment is satisfied in full. 
 If the foregoing is in accordance with your understanding of our agreement,
please so indicate by signing the enclosed copy of this Agreement in the space provided and returning it to the undersigned. 
  

			
	Very truly yours,
	 BIOLARGO, INC.

		
	 By:
	 	 /s/ Dennis Calvert

		 	Dennis Calvert,
		 	Chief Executive Officer

 ACCEPTED AND AGREED effective this 1st day of January, 2008 
  

			
	 By:
	 	 /s/ Robert J. Szolomayer

  

 2603 Main Street, Suite 1155 - Irvine, Ca 92614 -
Phone (949) 643-9540 - Fax (949) 625-9819 - www.biolargo.com 

 Appendix A 
 NON-DISCLOSURE AGREEMENT 
 This Non-Disclosure Agreement (“Agreement”)
dated as of January 1, 2008 is entered in by and between BioLargo, Inc. (the “Company”) and Robert Szolomayer (the “Consultant”), and sets forth the terms and conditions on which Company is willing to disclose certain
material non-public information about the Company. 
 1. Purpose. In connection with his retention as a consultant to the
Company pursuant to an agreement dated as of even date (the “Consulting Agreement”), the Company may disclose to the Consultant certain confidential technical and business information which the Company requires the Consultant to treat as
confidential. 
 2. Definition. “Confidential Information” means any information disclosed to the Consultant by the
Company, either directly or indirectly in writing, orally or by inspection of tangible objects, including without limitation documents, prototypes and forecasted financial information. Confidential Information may also include information disclosed
to the Company by third parties. Confidential Information shall not, however, include any information which the Consultant can establish by written documentation (i) was publicly known and made generally available in the public domain prior to
the time of disclosure to the Consultant by the Company; (ii) becomes publicly known and made generally available after disclosure to the Consultant by the Company through no action or inaction of the Consultant; (iii) is in the possession
of the Consultant, without confidentiality restrictions, at the time of disclosure by the Company as shown by the Consultant’s files and records immediately prior to the time of disclosure; (iv) is developed independently of the
Confidential Information, as shown by written records prepared contemporaneously with such independent development; or (v) is disclosed pursuant to the requirement of a United States government agency or judicial body, provided that the
Consultant shall provide reasonable advice notice thereof to enable the Company to seek a protective order or otherwise prevent such disclosure. 
 3. Non-use and Non-disclosure. The Consultant agrees not to use any Confidential Information for any purpose except within the proper scope of his duties pursuant to the Consulting Agreement. The Consultant agrees not to
disclose any Confidential Information to third parties, except to those individuals who, with the prior written consent of the Company, are designated as authorized to receive such Confidential Information in order for the Consultant to perform his
duties and obligation sunder the Consulting Agreement. The Consultant agrees that each third party receiving any Confidential Information will enter into a separate Non-Disclosure Agreement with the Company. 
 4. Maintenance of Confidentiality. The Consultant agrees that it shall take all commercially reasonable measures to protect the secrecy of
and avoid disclosure and unauthorized use of the Confidential Information. Without limiting the foregoing, the Consultant shall take at least those measures that the Consultant takes to protect its own confidential information of a similar nature
and shall have its employees or advisors who have access to Confidential Information sign a non-use and non-disclosure agreement in content substantially similar to the provisions hereof, prior to any disclosure of Confidential Information to such
employees. The Consultant shall immediately notify the Company in the event of any unauthorized use or disclosure of any Confidential Information. 
 5. No Warranty. ALL CONFIDENTIAL INFORMATION IS PROVIDED “AS IS”. COMPANY MAKES NO WARRANTIES, EXPRESS, IMPLIED OR OTHERWISE, REGARDING ITS ACCURACY, COMPLETENESS OR PERFORMANCE. 

 6. Return of Materials. All documents and other tangible objects containing or representing
Confidential Information which are in the possession of the Consultant shall be and remain the property of the Company and shall be promptly returned to the Company upon request for any reason or for no reason. 
 7. Work Made for Hire. 
 (a)
Consultant and/or designates of the Consultant shall promptly and fully inform the Company of, and disclose to the Company , any and all ideas, processes, trademarks, trade names, service marks, service mark applications, copyrights, mask work
rights, fictitious business names, technology, patents, know-how, trade secrets, computer programs, original works of authorship, formulae, concepts, themes, inventions, designs, creations, new works, derivative works and discoveries, and all
applications, improvements, rights and claims related to any the foregoing, and all other intellectual property, proprietary rights and work product, whether or not patentable or copyrightable, registered or unregistered or domestic or foreign, and
whether or not relating to a published work, that Consultant develops, makes, creates, conceives or reduces to practice during the term of the Consulting Agreement, whether alone or in collaboration with others (collectively, “Invention
Ideas”). Consultant hereby assigns to the Company exclusively in perpetuity throughout the world all right, title and interest (choate or inchoate) in (i) the Invention Ideas, (ii) all precursors, portions and work in progress
with respect thereto and all inventions, works of authorship, mask works, technology, information, know-how, materials and tools relating thereto or to the development, support or maintenance thereof and (iii) all copyrights, patent rights,
trade secret rights, trademark rights, mask works rights, sui generis database rights and all other intellectual and industrial property rights of any sort and all business, contract rights, causes of action, and goodwill in, incorporated or
embodied in, used to develop, or related to any of the foregoing (collectively “Intellectual Property”). All copyrightable Invention Ideas are intended by Consultant to be a “work- made-for-hire” by Consultant for Company and
owned by Company pursuant to Section 201 (b) of Title 17 of the United States Code. 
 (b) Consultant shall do and perform, or
cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the Company may reasonably request in order to obtain patent or copyright
registration on all Invention Ideas and Intellectual Property , and shall execute and deliver all documents, instruments and agreements, including the formal execution of an assignment of copyright and/or patent application or issued patent, and do
all things necessary or requested by the Company, in order to enable Company to ultimately and finally obtain and enforce full and exclusive title to all Invention Ideas and Intellectual Property and all rights assigned pursuant to this
Section 7. Consultant hereby appoints the Company as Consultant’s irrevocable attorney-in-fact for the purpose of executing and delivering all such documents, instruments and agreements, and performing all such acts, with the same legal
force and effect as if executed and delivered and taken by Consultant. 
 (c) If for any reason the foregoing assignment is determined to be
unenforceable Consultant grants to Company a perpetual, irrevocable, worldwide, royalty-free, exclusive, sub-licensable right and license to exploit and exercise all such Invention Ideas and Intellectual Property. 
 (d) Because of the difficulty of establishing when Consultant first conceives of or develops Intellectual Property, proprietary rights or work product or
whether such Intellectual Property, proprietary rights or work product results from access to Company’s confidential and proprietary information or equipment, facilities or data, Consultant agrees that any Intellectual Property, proprietary
rights and work product shall be presumed to be an Invention Idea if it is conceived, developed, used, sold, exploited or reduced to practice by Consultant or with the aid of Consultant within one year after the normal termination of
Consultant’s employment with Company. Consultant can rebut that presumption if 

 
Consultant proves that the intellectual property, proprietary rights and work product (i) was first conceived or developed after termination of
Consultant’s employment with and by Company; (ii) was conceived or developed entirely on Consultant’s own time without using Company’s equipment, supplies, facilities or confidential and proprietary information; and
(iii) did not result from any work performed by Consultant for or on behalf of Company. 
 (e) Consultant acknowledges that there is no
intellectual property, proprietary right or work product that Consultant desires not to be deemed Invention Ideas or Intellectual Property and thus to exclude from the above provisions of this Agreement. To the best of Consultant’s knowledge,
there is no other existing contract in conflict with this Agreement or any other contract to assign ideas, processes, trademarks, service marks, inventions, technology, computer programs, original works of authorship, designs, formulas, discoveries,
patents or copyrights that is now in existence between Consultant and any other person or entity. 
 (f) This Section 7 shall not
operate to require Consultant to assign to Company any of Consultant’s rights to inventions, intellectual properties or work products that would not be assignable under the provisions of California Labor Code Section 2870. Consultant
represents and warrants to Company that this paragraph constitutes Company’s written notification to Consultant of the provisions of Section 2870 of the California Labor Code, and Consultant represents and warrants to Company that
Consultant has reviewed Section 2870 of the California Labor Code. 
 8. Unfair Competition and Protection of Proprietary
Information. 
 (a) Consultant shall not at any time (including after Consultant’s employment with Company terminates) divulge,
furnish or make accessible to anyone any of Company’s Proprietary Information, or use in any way any of Company’s Proprietary Information other than as reasonably required to perform Consultant’s duties under this Agreement.
Consultant shall not undertake any other acts or omissions that would reduce the value to Company of Company’s Proprietary Information. The restrictions on Consultant’s use of Company’s Proprietary Information shall not apply to
knowledge or information that Consultant can prove is part of the public domain through no fault of Consultant. Consultant agrees that such restrictions are fair and reasonable. 
 (b) Consultant agrees that Company’s Proprietary Information constitutes a unique and valuable asset of Company that Company acquired at great time
and expense, and which is secret and confidential and will only be available to or communicated to Consultant in confidence in the course of Consultant’s provision of services to Company. Consultant also agrees that any disclosure or other use
of Company’s Proprietary Information other than for Company’s sole benefit would be wrongful, would constitute unfair competition and will cause irreparable and incalculable harm to Company and to its subsidiaries, affiliates and
divisions. In addition to all other remedies Company may have, it shall have the right to seek and obtain appropriate injunctive and other equitable relief, including emergency relief, to prevent any violations of this Section 8. 
 (c) Consultant agrees that Company’s employees constitute a valuable asset of Company. Consultant agrees that Consultant shall not, during the Term
and for a period of one year thereafter, directly or indirectly, for Consultant or on behalf of any other person or entity, solicit any person who was an employee of or consultant to Company (at any time while Consultant is performing any services
for Company, or at any time within twelve months prior to or after such solicitation) for a competing business or otherwise induce or attempt to induce any such persons to terminate their employment or relationship with Company or otherwise to
disrupt or interfere, or attempt to disrupt or interfere, with Company’s employment or relationships with such persons. Consultant agrees that any such solicitation, inducement or interference would be wrongful and would constitute unfair
competition, and will cause 

 
irreparable and incalculable harm to Company. Further, Consultant shall not engage in any other unfair competition with Company. Consultant agrees that such
restrictions are fair and reasonable. 
 (d) Consultant recognizes and agrees that Consultant has no expectation of privacy with respect to
Company’s telecommunications, networking or information processing systems (including stored computer files, e-mail messages and voice messages), and that Consultant’s activity, and any files or messages, on or using any of those systems
may be monitored at any time without notice. 
 (e) As used in this Agreement, “Company’s Proprietary Information” means any
knowledge, trade secrets (including “trade secrets” as defined in Section 3426.1 of the California Civil Code), Invention Ideas, proprietary rights or proprietary information, intangible assets or property, and other intellectual
property (whether or not copyrighted or copyrightable or patented or patentable), information and materials (including processes, trademarks, trade names, service marks, service mark applications, copyrights, mask work rights, technology, patents,
patent applications and works of authorship), in whatever form, including electronic form, and all goodwill relating or appurtenant thereto, owned or licensed by Company or any of its subsidiaries, affiliates or divisions, or directly or indirectly
useful in any aspect of the business of Company or its subsidiaries, affiliates or divisions, whether or not marked as confidential or proprietary and whether developed by Consultant, by Company or its subsidiaries, affiliates or divisions or by
others. Without limiting the foregoing, Company’s Proprietary Information includes (a) the names, locations, practices and requirements of any of Company’s customers, prospective customers, vendors, suppliers and personnel and any
other persons having a business relationship with Company; (b) confidential or secret development or research work of Company or its subsidiaries, affiliates or divisions, including information concerning any future or proposed services or
products; (c) Company’s accounting, cost, revenue and other financial records and documents and the contents thereof; (d) Company’s documents, contracts, agreements, correspondence and other similar business records;
(e) confidential or secret designs, software code, know how, processes, formulae, plans and devices; and (f) any other confidential or secret aspect of the business of Company or its subsidiaries, affiliates or divisions. 
 9. Consultant’s Activities. During the term of the Consulting Agreement, neither Consultant nor any person or entity acting with or on
Consultant’s behalf, nor any person or entity under the control of or affiliated with Consultant, shall, directly or indirectly, in any way Compete with the Company. Consultant agrees that, if Consultant has any business to transact on
Consultant’s own account that is similar to the business entrusted to Consultant by Company, Consultant shall notify Company and always give preference to Company’s business. Consultant agrees that such restrictions are fair and
reasonable. For purposes of this Agreement, “Compete” means doing any of the following: (i) selling products or services to any person or entity that was or is (at any time, including during the Term and the period when the provisions
of this paragraph are in effect) a client or customer of Company (or its subsidiaries, affiliates or divisions) or on a list of prospective clients or customers of Company, or calling on, soliciting, taking away or accepting any such person or
entity as a client or customer, or any attempt or offer to do any of the foregoing; (ii) entering into, or any attempt or offer to enter into, any business, enterprise or activity that is in any way similar to or otherwise competitive with the
business that the Company (or its subsidiaries, affiliates or divisions) conducted at any time during the Term or any time the provisions of this paragraph are in effect, or (iii) directly or indirectly assisting any person or entity to take or
attempt or offer to take any of the actions described in the foregoing clauses (i) or (ii). 
 10. Remedies. 

(a) The Consultant agrees that any violation or threatened violation of this Agreement will cause irreparable injury to the Company, entitling the
Company to obtain injunctive relief in addition to all legal remedies at its disposal. 

 (b) In addition to all remedies available hereunder, at law or in equity, if Consultant breaches any
provision of Section 8 of this Agreement, Company shall have the right to invoke any and all remedies provided under the California Uniform Trade Secrets Act (California Civil Code §§3426, et seq.) or other statutes or common
law remedies of similar effect. 
 (c) The remedies provided to Company in this Section 10 are cumulative, and not exclusive, of any
other remedies that may be available to Company at law or in equity. 
 11. No License. Nothing in this Agreement is intended
to grant any rights to the Consultant under any patent, copyright or other proprietary rights of the Company, nor shall this Agreement grant the Consultant any rights in or to Confidential Information except as expressly set forth herein.

 12. Term. This Agreement shall survive the term of the Consulting Agreement and shall continue until such time as all
Confidential Information disclosed hereunder becomes publicly known and made generally available through no action or inaction of the Consultant. 
 13. Miscellaneous. This Agreement shall bind and inure to the benefit of the parties hereto and their successors and assigns. This Agreement shall be governed by the laws of the State of California, without reference to
conflict of laws principles. This document contains the entire agreement between the parties with respect to the subject matter hereof. Any failure to enforce any provision of this Agreement shall not constitute a waiver thereof or of any other
provision hereof. This Agreement may not be amended, nor any obligation waived, except by a writing signed by both parties hereto. 
 IN
WITNESS WHEREOF, the parties hereto have executed or caused their duly authorized officers to execute this Agreement as of the date first above written. 
  

			
	 BIOLARGO, INC. (“COMPANY”)

		
	By	 	 /s/ Dennis Calvert

		 	Dennis Calvert
	Title:	 	Chief Executive Officer
	
	“CONSULTANT”
	
	 /s/ Robert J. Szolomayer

 Appendix B 
 DEFINITION OF ACCREDITED INVESTOR 
 An “accredited investor” is defined by Rule 501(a) of Regulation D as:

 1. Any bank as defined in section 3(a)(2) of the Act whether acting in its individual or fiduciary capacity; insurance company as defined
in section 2(13) of the Act; investment company registered under the Investment Company Act of 1940 or a business development company as defined in section 2(a)(48) of that Act; Small Business Investment Company licensed by the U.S. Small Business
Administration under section 301(c) or (d) of the Small Business Investment Act of 1958; employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan
fiduciary, as defined in section 3(21) of such Act, which is either a bank, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000; 
 2. Any private business development company as defined in section 202(a)(22) of the Investment Advisers Act of 1940; 
 3. Any organization described in Section 501(c)(3) of the Internal Revenue Code with total assets in excess of $5,000,000; 
 4. Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or
general partner of a general partner of that issuer; 
 5. Any natural person whose individual net worth, or joint net worth with that
person’s spouse, at the time of his or her purchase exceeds $1,000,000; 
 6. Any natural person who had an individual income in excess
of $200,000 in each of the two most recent years and who reasonably expects an income in excess of $200,000 in the current year or joint income with that person’s spouse in excess of $300,000 in each of those years and who reasonably expects
reaching the same income level in the current year; and 
 7. Any entity in which all of the equity owners are Accredited Investors under
paragraph (a) (1), (2), (3), (4), (6), or (7) of Rule 501.Form of Indemnification Agreement

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 INDEMNIFICATION AGREEMENT, made and executed this
         day of                     , 2008, by and between Acuity Brands, 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, officers, employees or in other capacities, the Company must provide such persons with adequate
protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the Company; 
 WHEREAS, the Company recognizes that the increasing difficulty in obtaining directors’ and officers’ liability insurance, the increases in the
cost of such insurance and the general reductions in the coverage of such insurance have increased the difficulty of attracting and retaining such persons; 
 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; and 
 WHEREAS, the Indemnitee is willing to serve, continue to serve, and take on additional service for or on behalf of the Company or any of its direct or
indirect subsidiaries on the condition that he/she be so indemnified. 
 NOW, THEREFORE, in consideration of 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, officer, employee or other agent of the
Company 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 Amended and Restated Certificate of
Incorporation, as amended (the “Certificate”), and Amended and Restated By-laws, as amended (the “By-laws”) of the Company, 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. Nothing in this Agreement shall confer
upon the Indemnitee the right to continue in the employ of the Company or as a director of the Company or affect the right of the Company to terminate the Indemnitee’s employment at any time in the sole discretion of the Company, with or
without cause, subject to any contract rights of the Indemnitee created or existing otherwise than under this Agreement. 
 2.
Indemnification. The Company shall indemnify the Indemnitee against all Expenses (as defined below), judgments, fines and amounts paid in settlement actually and reasonably incurred by the Indemnitee as provided in this Agreement to the
fullest extent permitted by the Certificate, By-laws 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. Without diminishing the scope of
the indemnification provided by this Section 2, the rights of indemnification of the Indemnitee provided hereunder shall include, but shall not be limited to, those rights hereinafter set forth, except that no indemnification shall be paid to
the Indemnitee: 
 (a) on account of any action, suit or proceeding in which judgment is rendered against the Indemnitee for
disgorgement of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended (the “Act”), or similar provisions of
any federal, state or local statutory law; 
 (b) on account of conduct of the Indemnitee which is finally adjudged by a court
of competent jurisdiction to have been knowingly fraudulent or to constitute willful misconduct; 
 (c) in any circumstance
where such indemnification is expressly prohibited by applicable law; 
 (d) with respect to liability for which payment is
actually made to the Indemnitee under a valid and collectible insurance policy of the Company or under a valid and enforceable indemnity clause, By-law or agreement (other than this Agreement) of the Company, except in respect of any liability in
excess of payment under such insurance policy, indemnity clause, By-law or agreement; 
 (e) if a final decision by a court
having jurisdiction in the matter shall determine that such indemnification is not lawful (and, in this respect, both the Company and the Indemnitee have been advised that it is the position of the Securities and Exchange Commission that
indemnification for liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable, and that claims for indemnification should be submitted to the appropriate court for adjudication); or 

(f) in connection with any action, suit or proceeding by the Indemnitee against the Company or any of its direct or indirect
subsidiaries or the directors, officers, employees or other Indemnitees of the Company or any of its 

  

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direct or indirect subsidiaries, (i) unless such indemnification is expressly required to be made by law, (ii) unless the proceeding was authorized
by the Board of Directors of the Company, (iii) unless such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under applicable law, or (iv) except as provided in Sections 11
and 13 hereof. 
 3. Actions or Proceedings Other Than an Action by or in the Right of the Company. The Indemnitee shall be entitled
to the indemnification rights provided in this Section 3 if the Indemnitee was or is a party or witness or is threatened to be a party or witness to any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative in nature, other than an action by or in the right of the Company, by reason of the fact that the Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any of its direct or indirect
subsidiaries, or is or was serving at the request of the Company, or any of its direct or indirect subsidiaries, as a director, officer, employee, agent or fiduciary of any other entity, 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 him/her in such capacity. Pursuant to this Section 3, the Indemnitee shall be indemnified against
all Expenses, judgments, penalties (including excise and similar taxes), fines and amounts paid in settlement which were actually and reasonably incurred by the Indemnitee in connection with such action, suit or proceeding (including, but not
limited to, the investigation, defense or appeal thereof), if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe his/her conduct was unlawful. 
 4. Actions by or in the Right of the
Company. The Indemnitee shall be entitled to the indemnification rights provided in this Section 4 if the Indemnitee was or is a party or witness or is threatened to be made a party or witness to any threatened, pending or completed action,
suit or proceeding brought by or in the right of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any of its direct or indirect
subsidiaries, or is or was serving at the request of the Company, or any of its direct or indirect subsidiaries, as a director, officer, employee, agent or fiduciary of another entity, 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 him/her in any such capacity. Pursuant to this Section 4, the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by him/her in connection with the defense or settlement of such action, suit or proceeding (including, but not limited to the investigation, defense or appeal thereof), if the Indemnitee acted in good faith
and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, that no such indemnification shall be made in respect of any claim, issue or matter as to which the Indemnitee shall
have been adjudged to be liable to the Company, unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action, suit or proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to be 

  

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indemnified against such Expenses actually and reasonably incurred by him/her which such court shall deem proper. 
 5. Good Faith Definition. For purposes of this Agreement, the Indemnitee shall be deemed to have acted in good faith and in a manner the
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal action or proceeding to have had no reasonable cause to believe the Indemnitee’s conduct was unlawful, if such action
was based on a reasonable reliance upon (i) the records of the Company and (ii) information, opinions, reports or statements presented to the Company by any of the Company’s officer’s or employees, or committees. 
 6. Indemnification for Expenses of Successful Party. Notwithstanding the other provisions of this Agreement, to the extent that the Indemnitee has
served on behalf of the Company, or any of its direct or indirect subsidiaries, as a witness or other participant in any class action or proceeding, or has been successful, on the merits or otherwise, in defense of any action, suit or proceeding
referred to in Sections 3 and 4 hereof, or in defense of any claim, issue or matter therein, including, but not limited to, the dismissal of any action without prejudice, the Indemnitee shall be indemnified against all Expenses actually and
reasonably incurred by the Indemnitee in connection therewith, regardless of whether or not the Indemnitee has met the applicable standards of Section 3 or 4 and without any determination pursuant to Section 8. 
 7. 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 Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by the Indemnitee in connection with the investigation, defense, appeal or settlement of such suit, action, investigation or proceeding
described in Section 3 or 4 hereof, but is not entitled to indemnification for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such Expenses, judgments, penalties, fines and amounts paid in
settlement actually and reasonably incurred by the Indemnitee to which the Indemnitee is entitled. 
 8. Procedure for Determination of
Entitlement to Indemnification. (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including documentation and information which is reasonably available to Indemnitee and is
reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of a request for indemnification, 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. 
 (b) Upon written request by the Indemnitee for indemnification pursuant to Section 3 or 4 hereof, the entitlement of the Indemnitee to
indemnification pursuant to the terms of this Agreement shall be determined by the following person or persons, who shall be empowered to make such determination: (i) if a Change in Control (as hereinafter defined) shall have occurred, 

  

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by Independent Counsel (as hereinafter defined) (unless the Indemnitee shall request in writing that such determination be made by the Board of Directors (or
a committee thereof) in the manner provided for in clause (ii) of this Section 8(b)) in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee; or (ii) if a Change in Control shall not have
occurred, (A)(1) by the Board of Directors of the Company, by a majority vote of Disinterested Directors (as hereinafter defined) even though less than a quorum, or (2) by a committee of Disinterested Directors designated by majority vote of
Disinterested Directors, even though less than a quorum, or (B) if there are no such Disinterested Directors or, even if there are such Disinterested Directors, if the Board of Directors, by the majority vote of Disinterested Directors, so
directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee. Such Independent Counsel shall be selected by the Board of Directors and approved by the Indemnitee. Upon failure
of the Board of Directors to so select, or upon failure of the Indemnitee to so approve, such Independent Counsel shall be selected by the Chancellor of the State of Delaware or such other person as the Chancellor shall designate to make such
selection. Such determination of entitlement to indemnification shall be made not later than 45 days after receipt by the Company of a written request for indemnification. If the person 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 shall reasonably prorate such part of indemnification among such claims, issues or matters. If it is so determined that Indemnitee is
entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination. 
 9. 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 have the burden of proof in the
making of any determination contrary to such presumption. 
 (b) If the Board of Directors, or such other person or persons empowered
pursuant to Section 8 to make the determination of whether Indemnitee is entitled to indemnification, shall have failed to make a determination as to entitlement to indemnification within 45 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. The termination of any action, suit, investigation or proceeding described in Section 3 or 4 hereof by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself: (a) create a presumption that the 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, and, with respect to any criminal action
or proceeding, that the Indemnitee has reasonable cause to believe that the Indemnitee’s conduct was unlawful; or (b) otherwise adversely affect the rights of the Indemnitee to indemnification, except as may be provided herein. 

10. Advancement of Expenses. All reasonable Expenses actually incurred by the Indemnitee in connection with any threatened or pending action,
suit or proceeding shall be paid by the Company in advance of the final disposition of such action, suit or proceeding, if so requested by the Indemnitee, within 20 days after the receipt by the Company of a statement or 

  

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statements from the Indemnitee requesting such advance or advances. The Indemnitee may submit such statements from time to time. 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. Such statement or statements shall reasonably evidence the
Expenses incurred by the Indemnitee in connection therewith and shall include or be accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that Indemnitee has met the standard of conduct necessary for
indemnification under this Agreement and an undertaking by or on behalf of the Indemnitee to repay such amount 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. Each written undertaking to pay amounts advanced must be an unlimited general obligation but need not be secured, and shall be accepted without reference to financial ability to make repayment. 
 11. 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 the payment has not been timely made following a determination of entitlement to indemnification pursuant to Sections 8 and 9, or if Expenses are not advanced pursuant to
Section 10, the Indemnitee shall be entitled to a final 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 in Atlanta, Georgia 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 unreasonably 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 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 8 or Section 9 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. If the court or arbitrator shall determine that the Indemnitee is entitled to any indemnification hereunder, the Company shall pay 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). 
 12. Notification and Defense of
Claim. Promptly after receipt by the Indemnitee of notice of the commencement of any action, suit or proceeding, the Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company in
writing of the commencement thereof; but the omission to so notify the Company will not relieve the Company from any liability that it may have to the Indemnitee otherwise than under this Agreement or otherwise, except to the extent that the Company
may suffer material prejudice by reason of such failure. Notwithstanding any other provision of this Agreement, with respect to any such action, suit or proceeding as to which the Indemnitee gives notice to the Company of the commencement thereof:

  

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 (a) The Company will be entitled to participate therein at its own expense. 

(b) Except as otherwise provided in this Section 12(b), to the extent that it may wish, the Company, jointly with any other
indemnifying party similarly notified, shall be entitled to assume the defense thereof with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its election to so assume the defense thereof, the
Company shall not be liable to the Indemnitee under this Agreement for any legal or other Expenses subsequently incurred by the Indemnitee in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided
below. The Indemnitee shall have the right to employ the Indemnitee’s own counsel in such action or lawsuit, but the fees and Expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at
the expense of the Indemnitee unless (i) the employment of counsel by the Indemnitee has been authorized in writing by the Company, (ii) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the
Company and the Indemnitee in the conduct of the defense of such action and such determination by the Indemnitee shall be supported by an opinion of counsel, which opinion shall be reasonably acceptable to the Company, or (iii) the Company
shall not in fact have employed counsel to assume the defense of the action, in each of which cases the fees and Expenses of counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any action, suit
or proceeding brought by or on behalf of the Company or as to which the Indemnitee shall have reached the conclusion provided for in clause (ii) above. 
 (c) The Company shall not be liable to indemnify the Indemnitee under this Agreement for any amounts paid in settlement of any action,
suit or proceeding effected without its written consent, which consent shall not be unreasonably withheld. The Company shall not be required to obtain the consent of Indemnitee to settle any action, suit or proceeding which the Company has
undertaken to defend if the Company assumes full and sole responsibility for such settlement and such settlement grants Indemnitee a complete and unqualified release in respect of any potential liability. 
 (d) If, at the time of the receipt of a notice of a claim pursuant to this Section 12, the Company has director and officer liability
insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of the policies. 
 13. Other Right to Indemnification. 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 

  

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provision of the By-laws or Certificate of the Company, 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 its By-laws or Certificate the effect of which would be to deny, diminish or encumber the Indemnitee’s right to indemnification under this Agreement. 
 14. Director and Officer Liability Insurance. The Company shall maintain directors’ and officers’ liability insurance for so long as the
Indemnitee’s services are covered hereunder, provided and to the extent that such insurance is available on a commercially reasonable basis. In the event the Company maintains directors’ and officers’ liability insurance, Indemnitee
shall be named as an insured in such manner as to provide 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, Indemnitee under an insurance policy shall reduce the obligations of
the Company hereunder. 
 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 pending or threatened action,
suit, proceeding or investigation 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 or 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 may 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. 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 Company’s Certificate, By-laws, 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 Company’s Certificate, By-laws, 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. In the event of any change in applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its Board of
Directors or an officer, employee, agent or fiduciary, such change, 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. 
  

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 17. Attorney’s Fees and Other Expenses to Enforce Agreement. In the event that the Indemnitee
is subject to or intervenes in any action, suit or 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 recover from the Company and shall be indemnified by the Company against any actual expenses for attorneys’ fees and
disbursements reasonably incurred by the Indemnitee. 
 18. 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, pursuant
to Sections 3 and 4 hereof, for all acts 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. 
 19. Duration of Agreement. 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, employee, agent or fiduciary of any other entity, 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. 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 representations. 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. 
 20. Disclosure of Payments. Except as expressly 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. 
 21. 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, 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. 
  

 -9- 

 22. 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. Only one such counterpart signed by the party against whom enforceability is sought shall be required to be produced to evidence the
existence of this Agreement. 
 23. 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. 
 24. Definitions. For purposes of
this Agreement: 
 (a) “Change in Control” shall mean: 
  

	 	i.	The acquisition (other than from the Company in an acquisition that is approved by the Incumbent Board) by any “Person” (as the term person is used for purposes of
Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of twenty percent (20%) or more of the combined
voting power of the Company’s then outstanding voting securities; or 

  

	 	ii.	The individuals who, as of                      , 2008, are members
of the Board (the “Incumbent Board”), cease for any reason to constitute at least two-thirds of the Board; provided, however, that if the election, or nomination for election by the Company’s stockholders, of any new director was
approved by a vote of at least two-thirds of the Incumbent Board, such new director shall, for purposes of this Agreement, be considered as a member of the Incumbent Board; or 

  

	 	iii.	Consummation of a merger or consolidation involving the Company if the stockholders of the Company, immediately before such merger or consolidation do not, as a result of such
merger or consolidation, own, directly or indirectly, more than sixty percent (60%) of the combined voting power of the then outstanding voting securities of the corporation resulting from such merger or consolidation in substantially the same
proportion as their ownership of the combined voting power of the voting securities of the Company outstanding immediately before such merger or consolidation; or 

  

 -10- 

	 	iv.	Consummation of a complete liquidation or dissolution of the Company or of the sale or other disposition of all or substantially all of the assets of the Company.

 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur pursuant to Section 24(a), solely
because twenty percent (20%) or more of the combined voting power of the Company’s then outstanding securities is acquired by (i) a trustee or other fiduciary holding securities under one or more employee benefit plans maintained by
the Company or any of its subsidiaries or (ii) any corporation which, immediately prior to such acquisition, is owned directly or indirectly by the stockholders of the Company in the same proportion as their ownership of stock in the Company
immediately prior to such acquisition. 
 (b) “Company” shall mean Acuity Brands, Inc. and all of its predecessors,
successors and assigns by way of merger, business combination, consolidation, transfer or sale of all or substantially all of the assets, including without limitation Acuity Brands, Inc. 
 (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) “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 or being or preparing to be a witness in any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative in nature. 
 (e) “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. 
 25. 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 

  

 -11- 

 
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. 
 26. 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 (ii) mailed by certified or registered mail, return
receipt requested with postage prepaid, on the date shown on the return receipt or (iii) delivered by facsimile transmission on the date shown on the facsimile machine report: 
  

	 	(a)	If to the Indemnitee to: 

			
	  
	 	
	  
	 	
	  
	 	

  

	 	(b)	If to the Company, to: 

  

			
	 Acuity Brands, Inc.
 1170 Peachtree Street,
N.E.
 Suite 2400
 Atlanta, Georgia 30309
 Attention: General Counsel
	 	
		
	with a copy to:	 	
		
	 King & Spalding LLP
 Attn: Keith M. Townsend

 1180 Peachtree Street
 Atlanta, Georgia 30309
	 	

 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. 
 27. Governing Law. The parties hereto agree that this Agreement 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. 
  

 -12- 

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

			
	ACUITY BRANDS, INC.
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	
	
	INDEMNITEE:
		
	 By
	 	  

	 Name:

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