Document:

exv10w1

Exhibit 10.1

INDEMNIFICATION AGREEMENT

     This INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into this       day of      ,
20___ between Repros Therapuetics Inc., a Delaware corporation (the “Company”) and
                     (“Indemnitee”).

WITNESSETH THAT:

     WHEREAS, Indemnitee performs a valuable service for the Company; and

     WHEREAS, the Board of Directors of the Company has adopted the Restated Bylaws of the Company
(the “Bylaws”) providing for the indemnification of the directors, executive officers and other key
employees of the Company to the maximum extent authorized by Section 145 of the Delaware General
Corporation Law, as amended (the “DGCL”); and

     WHEREAS, the Board of Directors has determined that for purposes of indemnification protection
afforded by the Company, including as specifically used in this Agreement, the term “director”
shall refer to members of the Board of Directors and any advisory director serving by appointment
of the Board; and

     WHEREAS, the Bylaws and the DGCL by their nonexclusive nature, permit contracts between the
Company and the directors and officers of the Company with respect to indemnification of such
directors and officers; and

     WHEREAS, in accordance with the authorization as provided by the Bylaws and the DGCL, the
Company may purchase and maintain a policy or policies of director’s and officer’s liability
insurance (“D & O Insurance”), covering certain liabilities which may be incurred by its directors
and/or officers in the performance of their obligations as directors and/or officers of the
Company; and

     WHEREAS, as a result of recent developments affecting the terms, scope and availability of
indemnification protection afforded under statutory and bylaw indemnification provisions, there
exists general uncertainty as to the extent of protection afforded Company directors and officers
by such provisions; and

     WHEREAS, in recognition of past services and in order to induce Indemnitee to continue to
serve as a director and/or officer of the Company, the Company has determined and agreed to enter
into this contract with Indemnitee;

     NOW, THEREFORE, in consideration of Indemnitee’s service as a director and/or officer after
the date hereof, the parties hereto agree as follows;

1. INDEMNITY OF INDEMNITEE. The Company hereby agrees to hold harmless and indemnify Indemnitee to
the full extent authorized or permitted by the provisions of the DGCL, as such may be amended from
time to time, and Article VII of the Bylaws, as such may be amended; provided that the parties
hereto acknowledge that it is their intent that Indemnitee shall enjoy the greater of (i) the
advancement and indemnification rights permitted under the certificate of incorporation of the
Company and the Bylaws for directors and officers as of the

 

 

date hereof or (ii) the benefits so afforded by such amendments. In furtherance of the foregoing
indemnification, and without limiting the generality thereof:

          (a) Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be
entitled to the rights of indemnification provided in this Section 1(a) if, by reason of his
Corporate Status (as hereinafter defined), he is, or is threatened to be made, a party to or
participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right
of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all
Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any
claim, issue or matter therein, if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Company and, with respect to any criminal
Proceeding, had no reasonable cause to believe his conduct was unlawful.

          (b) Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights
of indemnification provided in this Section 1(b) if, by reason of his Corporate Status, he is, or
is threatened to be made, a party to or participant in any Proceeding brought by or in the right of
the Company to procure a judgment in its favor. Pursuant to this Section 1(b), Indemnitee shall be
indemnified against all Expenses actually and reasonably incurred by him or on his behalf in
connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Company; provided, however, that, if applicable
law so provides, no indemnification against such Expenses shall be made in respect of any claim,
issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to
the Company unless and to the extent that the Court of Chancery of the State of Delaware, or the
court in which such Proceeding shall have been brought or is pending, shall determine that such
indemnification may be made.

          (c) Indemnification for Expenses of a Party Who is Wholly or Partly Successful.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a party to and is successful, on the merits or otherwise, in any
Proceeding, he shall be indemnified to the maximum extent permitted by law against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is
not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one
or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in
connection with each successfully resolved claim, issue or matter. For purposes of this Section 1
and without limitation, the termination of any claim, issue or matter in such a Proceeding by
dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim,
issue or matter.

2. ADDITIONAL INDEMNITY.

          (a) Subject only to the exclusions set forth in Section 2(b) hereof, the Company hereby
further agrees to hold harmless and indemnify Indemnitee against any and all expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection
with any Proceeding (including an action by or on behalf of the Company) to which Indemnitee is,
was or at any time becomes a party, or is threatened to be made a party, by

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reason of his Corporate Status; provided, however, that with respect to actions by or on
behalf of the Company, indemnification of Indemnitee against any judgments shall be made by the
Company only as authorized in the specific case upon a determination that Indemnitee acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the
Company; and

          (b) No indemnity pursuant to this Section 2 shall be paid by the Company:

               (i) In respect to remuneration paid to Indemnitee if it shall be determined by a final
judgment or other final adjudication that such remuneration was in violation of law;

               (ii) On account of any suit in which judgment is rendered against Indemnitee for an accounting
of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to
the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or
similar provisions of any federal, state or local statutory law;

               (iii) On account of Indemnitee’s conduct which is finally adjudged to have been knowingly
fraudulent or deliberately dishonest, or to constitute willful misconduct; or

               (iv) If a final decision by a court having jurisdiction in the matter shall determine that
such indemnification is not lawful.

3. CONTRIBUTION. If the indemnification provided in Sections 1 and 2 is unavailable and may not be
paid to Indemnitee for any reason other than those set forth in paragraphs (i), (ii), (iii) and
(iv) of Section 2(b), then in respect to 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 Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and
paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the relative
benefits received by the Company on the one hand and by the Indemnitee on the other hand from the
transaction from which such Proceeding arose, and (ii) the relative fault of the Company on the one
hand and of the Indemnitee on the other hand in connection with the events which resulted in such
Expenses, judgments, fines or settlement amounts, as well as any other relevant equitable
considerations. The relative fault of the Company on the one hand and of the Indemnitee on the
other hand shall be determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the circumstances resulting
in such Expenses, judgments, fines or settlement amounts. The Company agrees that it would not be
just and equitable if contribution pursuant to this Section 3 were determined by pro rata
allocation or any other method of allocation which does not take account of the foregoing equitable
considerations.

4. INDEMNIFICATION FOR EXPENSES OF A WITNESS. Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any
Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith.

5. ADVANCEMENT OF EXPENSES. The Company shall advance all reasonable Expenses incurred by or on
behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status
within ten (10) days after the receipt by the Company of a

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statement or statements from Indemnitee requesting such advance or advances from time to time,
whether prior to or after final disposition of such Proceeding. Such statement or statements shall
reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or
accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it
shall ultimately be determined that Indemnitee is not entitled to be indemnified against such
Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be unsecured and
interest free. Notwithstanding the foregoing, the obligation of the Company to advance Expenses
pursuant to this Section 5 shall be subject to the condition that, if, when and to the extent that
the Company determines that Indemnitee would not be permitted to be indemnified under applicable
law, the Company shall be entitled to be reimbursed, within thirty (30) days of such determination,
by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid;
provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a
court of competent jurisdiction to secure a determination that Indemnitee should be indemnified
under applicable law, any determination made by the Company that Indemnitee would not be permitted
to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to
reimburse the Company for any advance of Expenses until a final judicial determination is made with
respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).

     6. PROCEDURE FOR DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION.

          (a) To obtain indemnification (including, but not limited to, the advancement of Expenses and
contribution by the Company) under this Agreement, Indemnitee shall submit to the Company a written
request, including therein or therewith such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent
Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon
receipt of such a request for indemnification, advise the Board of Directors in writing that
Indemnitee has requested indemnification.

          (b) Upon written request by Indemnitee for indemnification pursuant to the first sentence of
Section 6(a) hereof, a determination, if required by applicable law, with respect to Indemnitee’s
entitlement thereto shall be made in the specific case: (i) if a Change in Control (as hereinafter
defined) shall have occurred, by Independent Counsel (as hereinafter defined) in a written opinion
to the Board of Directors, a copy of which shall be delivered to Indemnitee (unless Indemnitee
shall request that such determination be made by the Board of Directors or the stockholders, in
which case the determination shall be made in the manner provided in Clause (ii) below), or (ii) if
a Change in Control shall not have occurred, (A) by the Board of Directors by a majority vote of a
quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of the
Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable,
said Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of
Directors, a copy of which shall be delivered to Indemnitee, or (C) if so directed by said
Disinterested Directors, by the stockholders of the Company; and, if it is determined that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days
after such determination. Indemnitee shall cooperate with the person, persons or entity making
such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance

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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 Independent Counsel, member of the Board of Directors, or stockholder of the
Company shall act reasonably and in good faith in making a determination under the Agreement of the
Indemnitee’s entitlement to indemnification. Any costs or expenses (including attorneys’ fees and
disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making
such determination shall be borne by the Company (irrespective of the determination as to
Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold
Indemnitee harmless therefrom.

          (c) If the determination of entitlement to indemnification is to be made by Independent
Counsel pursuant to Section 6(b) hereof, the Independent Counsel shall be selected as provided in
this Section 6(c). If a Change in Control shall not have occurred, the Independent Counsel shall be
selected by the Board of Directors, and the Company shall give written notice to Indemnitee
advising him of the identity of the Independent Counsel so selected. If a Change in Control shall
have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall
request that such selection be made by the Board of Directors, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the
identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as
the case may be, may, within ten (10) days after such written notice of selection shall have been
given, deliver to the Company or to Indemnitee, 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 14(f) 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 made and substantiated, the
Independent Counsel selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court 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 6(a) hereof, no Independent Counsel shall have been selected, or Independent Counsel has
been selected and objected to, and such objection has not been resolved, either the Company or
Indemnitee may petition the Court of Chancery of the State of Delaware or other 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 Section 6(b) hereof. The Company shall pay any
and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in
connection with acting pursuant to Section 6(b) hereof, and the Company shall pay all reasonable
fees and expenses incident to the procedures of this Section 6(c), regardless of the manner in
which such Independent Counsel was selected or appointed. Upon the due commencement of any
judicial proceeding or arbitration pursuant to Section 8 of this Agreement, Independent Counsel
shall be discharged and relieved of any further responsibility in such capacity (subject to the
applicable standards of professional conduct then prevailing).

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          (d) The Company shall not be required to obtain the consent of the Indemnitee to the
settlement of any Proceeding which the Company has undertaken to defend if the Company assumes full
and sole responsibility for such settlement and the settlement grants the Indemnitee a complete and
unqualified release in respect of the potential liability.

7. PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS.

          (a) In making a determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall presume that Indemnitee is entitled to
indemnification under this Agreement if Indemnitee has submitted a request for indemnification in
accordance with Section 6(a) of this Agreement, and the Company shall have the burden of proof to
overcome that presumption in connection with the making by any person, persons or entity of any
determination contrary to that presumption.

          (b) If the person, persons or entity empowered or selected under Section 6 of this Agreement
to determine whether Indemnitee is entitled to indemnification shall not have made a determination
within thirty (30) days after receipt by the Company of the request therefore, the requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
sha1l be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material
fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such
indemnification under applicable law; provided, however, that such 30-day period may be extended
for a reasonable time, not to exceed an additional fifteen (15) days, if the person, persons or
entity making the determination with respect to entitlement to indemnification in good faith
requires such additional time for obtaining or evaluating documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section 7(b) shall not apply
(i) if the determination of entitlement to indemnification is to be made by the stockholders
pursuant to Section 6(b) of this Agreement and if (A) within fifteen (15) days after receipt by the
Company of the request for such determination the Board of Directors or the Disinterested
Directors, if appropriate, resolve to submit such determination to the stockholders for their
consideration at an annual meeting thereof to be held within seventy-five (75) days after such
receipt and such determination is made thereat, or (B) a special meeting of stockholders is called
within fifteen (15) days after such receipt for the purpose of making such determination, such
meeting is held for such purpose within sixty (60) days after having been so called and such
determination is made thereat, or (ii) if the determination of entitlement to indemnification is to
be made by Independent Counsel pursuant to Section 6(b) of this Agreement.

          (c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement (with or without court approval), conviction, or upon a plea of nolo contendere
or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee
did not act in good faith and in a manner which he 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 conduct was unlawful.

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          (d) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted
in good faith if a majority of Disinterested Directors, the stockholders, or Independent
Counsel through a written opinion determines that such person acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best interests of the Company, and in
the case of a criminal proceeding, such person had no reasonable cause to believe his conduct was
unlawful. In addition, the knowledge and/or actions, or failure to act, of any director, officer,
agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining
the right to indemnification under this Agreement. The provisions of this Section 7(d) shall not
be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee
may be deemed to have met the applicable standard of conduct set forth in this Agreement.

8. REMEDIES OF INDEMNITEE.

          (a) In the event that (i) a determination is made pursuant to Section 6 of this Agreement that
Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is
not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to
indemnification shall have been made pursuant to Section 6(b) of this Agreement within ninety (90)
days after receipt by the Company of the request for indemnification, (iv) payment of
indemnification is not made pursuant to Section 3 or 4 of this Agreement within ten (10) days after
receipt by the Company of a written request therefore, or (v) payment of indemnification is not
made within ten (10) days after a determination has been made that Indemnitee is entitled to
indemnification or such determination is deemed to have been made pursuant to Section 6 or 7 of
this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the
State of Delaware, or in any other court of competent jurisdiction, of his entitlement to such
indemnification. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be
conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American
Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an
award in arbitration within 180 days following the date on which Indemnitee first has the right to
commence such proceeding pursuant to this Section 8(a). The Company shall not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.

          (b) In the event that a determination shall have been made pursuant to Section 6(b) of this
Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration commenced pursuant to this Section 8 shall be conducted in all respects as a de novo
trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that
adverse determination.

          (c) If a determination shall have been made pursuant to Section 6(b) of this Agreement that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any
judicial proceeding or arbitration commenced pursuant to this Section 8, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

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          (d) In the event that Indemnitee, pursuant to this Section 8, seeks a judicial adjudication of
or an award in arbitration to enforce his rights under, or to recover damages for breach of, this
Agreement, Indemnitee shall be entitled to recover from the Company, and shall
be indemnified by the Company against, any and all expenses (of the types described in the
definition of “Expenses” in Section 14(e) of this Agreement) actually and reasonably incurred by
him in such judicial adjudication or arbitration, but only if he prevails therein. If it shall be
determined in said judicial adjudication or arbitration that Indemnitee is entitled to receive part
but not all of the indemnification sought, the expenses incurred by Indemnitee in connection with
such judicial adjudication or arbitration shall be appropriately prorated. The Company shall
indemnify Indemnitee against any and all expenses and, if requested by Indemnitee, shall (within
ten (10) days after receipt by the Company of a written request therefore) advance such expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee to
recover under any directors’ and officers’ liability insurance policies maintained by the Company,
regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification,
advancement of expenses or insurance recovery, as the case may be.

          (e) The Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 8 that the procedures and presumptions of this Agreement are not
valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.

9. NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION.

          (a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the
certificate of incorporation of the Company, the Bylaws, any agreement, a vote of stockholders or a
resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement, the
certificate of incorporation of the Company, the Bylaws or of any respective provision hereof or
thereof, or a vote of stockholders or a resolution of directors, or otherwise, shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by
such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the
extent that a change in the DGCL, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Bylaws and this Agreement, it is the
intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so
afforded by such change. No right or remedy herein conferred is intended to be exclusive of any
other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other right or remedy.

          (b) To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees, or agents or fiduciaries of the Company or
of any other Enterprise which such person serves at the request of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the maximum extent of
the coverage available for any such director, officer, employee or agent under such policy or
policies.

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          (c) In the event of any payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers
required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce
such rights.

          (d) Except
as otherwise provided in Section 9(e), the Company shall not be liable under this
Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent
that Indemnitee has otherwise actually received such payment under any insurance policy, contract,
agreement or otherwise.

          (e) In the event that the Indemnitee is a member of a fund which provides certain rights to
indemnification, advancement of expenses and/or insurance (together with affiliates, “Fund
Indemnitors”), the Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its
obligations to Indemnitee are primary and any obligation of the Fund Indemnitors to advance
expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee
are secondary), (ii) that it shall be required to advance the full amount of expenses incurred by
Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties, fines and
amounts paid in settlement to the extent legally permitted and as required by the terms of this
Agreement and the certificate of incorporation 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, (iii) that it irrevocably waives, relinquishes and releases the Fund
Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or
any other recovery of any kind in respect thereof. The Company further agrees that no advancement
or payment by the Fund Indemnitors on behalf of Indemnitee with respect to any claim for which
Indemnitee has sought indemnification from the Company shall affect the foregoing and the Fund
Indemnitors shall have a right of contribution and/or be subrogated to the extent of such
advancement or payment to all of the rights of recovery of Indemnitee against the Company. The
Company and Indemnitee agree that the Fund Indemnitors are express third party beneficiaries of the
terms of this Section 9(e).

10. EXCEPTION TO RIGHT OF INDEMNIFICATION AND EXPENSE ADVANCEMENT. Notwithstanding any other
provision of this Agreement, Indemnitee shall only be entitled to indemnification or advancement of
expenses under this Agreement with respect to any Proceeding brought by Indemnitee, or any claim
therein, if (a) the bringing of such Proceeding or making of such claim shall have been approved by
the Board of Directors; or (b) such Proceeding is being brought by the Indemnitee to assert his
rights under this Agreement; provided, however, that Indemnitee shall in no event be entitled to
the advancement of expenses under the Agreement if a determination has been made by a judicial
authority or governmental entity or agency or, absent such determination, any such authority,
entity or agency has taken a position or issued any guidance stating, that the advancement of
expenses to an Indemnitee in a manner similar to that contemplated in Section 5 of the Agreement
constitutes a personal loan in contravention of Section 402 of the Sarbanes-Oxley Act of 2002 or
any similar law or regulation.

11. DURATION OF AGREEMENT. All agreements and obligations of the Company contained herein shall
apply to the period Indemnitee is or was a director or officer of the Company, including any such
period prior to this Agreement, (or the period Indemnitee is or was

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serving at the request of the
Company as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other Enterprise) and shall continue thereafter so
long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 8
hereof) by reason of his Corporate Status, whether or not he is acting or serving in any such
capacity at the time any liability or expense is incurred for which indemnification can be provided
under this Agreement. This Agreement shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors (including any direct or indirect
successor by purchase, merger, consolidation or otherwise to all or substantially all of the
business or assets of the Company), assigns, spouses, heirs, executors and personal and legal
representatives. This Agreement shall continue in effect regardless of whether Indemnitee
continues to serve as a director or officer of the Company or any other Enterprise at the Company’s
request.

12. SECURITY. To the extent requested by the Indemnitee and approved by the Board of Directors,
the Company may at any time and from time to time provide security to the 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 the Indemnitee, may not be revoked or released
without the prior written consent of the Indemnitee.

13. ENFORCEMENT.

          (a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director
or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as a director or officer of the Company.

          (b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and
implied, between the parties hereto with respect to the subject matter hereof.

14. DEFINITIONS. For purposes of this Agreement:

          (a) “Change in Control” means a change in control of the Company occurring after the date of
this Agreement of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) or in response to any similar item on any similar schedule or form under the
equivalent laws of another jurisdiction, whether or not the Company is then subject to such
reporting requirement; provided, however, that, without limitation, such a Change in Control shall
be deemed to have occurred if after the date of this Agreement (i) any “person” (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act) other than a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 20% or
more of the combined voting power of the Company’s then outstanding securities (other than any such
person or any affiliate thereof that is such a 20% beneficial owner as of the date hereof) without
the prior approval of at least two-thirds of the members of the Board of Directors in office
immediately prior to such person attaining such

10

 

percentage interest; (ii) there occurs a proxy
contest, or the Company is a party to a merger,
consolidation, sale of assets, plan of liquidation or other reorganization, as a consequence
of which members of the Board of Directors in office immediately prior to such transaction or event
constitute less than a majority of the Board of Directors thereafter; or (iii) during any period of
two consecutive years, other than as a result of an event described in clause (a)(ii) of this
Section 14, individuals who at the beginning of such period constituted the Board of Directors
(including for this purpose any new director whose election or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in
office who were directors at the beginning of such period) cease for any reason to constitute at
least a majority of the Board of Directors. A Change in Control shall not be deemed to have
occurred under item (i) above if the “person” described under item (i) is entitled to report its
ownership on Schedule 13G promulgated under the Exchange Act and such person is able to represent
that it acquired such securities in the ordinary course of its business and not with the purpose
nor with the effect of changing or influencing the control of the Company, nor in connection with
or as a participant in any transaction having such purpose or effect. If the “person” referred to
in the previous sentence would at any time not be entitled to continue to report such ownership on
Schedule 13G pursuant to Rule 13d-1(b)(3)(i)(B) of the Exchange Act, then a Change in Control shall
be deemed to have occurred at such time.

          (b) “Corporate Status” describes the status of a person who is or was a director, officer,
employee or agent or fiduciary of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person is or was serving at
the express written request of the Company, provided that the approval by the Board of Directors of
such person to such position in a resolution adopted by the Board of Directors shall for all
purposes qualify as such a written requirement.

          (c) “Disinterested Director” means a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee.

          (d) “Enterprise” shall mean the Company and any other corporation, partnership, joint venture,
trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the
express written request of the Company as a director, officer, employee, agent or fiduciary
provided that the approval by the Board of Directors of such position in a resolution adopted by
the Board of Directors shall for all purposes qualify as such a written requirement.

          (e) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and
binding costs, telephone charges, postage, delivery service fees, and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, participating, or being or preparing to be a witness in a
Proceeding.

          (f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years has been, retained
to represent the Company or Indemnitee in any matter material to either such party (other than with
respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under
similar indemnification agreements) or any other party to the Proceeding giving rise to a claim for
indemnification hereunder, or otherwise has any substantial business or
personal relationship with the Company or Indemnitee or any other party to the

11

 

Proceeding
giving rise to a claim for indemnification hereunder that could reasonably be considered to
influence the independent judgment of the Independent Counsel. Notwithstanding the foregoing, the
term “Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The
Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully
indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of
or relating to this Agreement or its engagement pursuant hereto.

          (g) “Proceeding” includes any threatened, pending or completed action, suit, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is
or will be involved as a party or otherwise, by reason of Indemnitee’s Corporate Status, by reason
of any action taken by him or of any inaction on his part while acting as a director or officer of
the Company, or by reason of the fact that he is or was serving as a director, officer, employee or
agent of another Enterprise at the request of the Company, in each case whether or not he is acting
or serving in any such capacity at the time any liability or expense is incurred for which
indemnification can be provided under this Agreement; including one pending on or before the date
of this Agreement and excluding one initiated by an Indemnitee pursuant to Section 8 of this
Agreement to enforce his rights under this Agreement.

15. SEVERABILITY. If any provision or provisions of this Agreement shall be held by a court of
competent jurisdiction to be invalid, void, illegal or otherwise unenforceable for any reason
whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this
Agreement (including without limitation, each portion of any section of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain
enforceable to the fullest extent permitted by law; and (b) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not
itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested thereby.

16. MODIFICATION AND WAIVER. No supplement, modification, termination, waiver or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

17. NOTICE BY INDEMNITEE. Indemnitee agrees promptly to notify the company in writing 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 covered hereunder.
The failure to so notify the Company shall not relieve the

12

 

Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

18. NOTICES. All notices, requests, demands and other communications hereunder shall be in writing
and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party
to whom said notice or other communication shall have been directed, or (ii) mailed by certified or
registered mail with postage prepaid, on the third business day after the date on which it is so
mailed:

          (a) If to Indemnitee, to:

At the last known address of Indemnitee in the records of the Company.

          (b) If to the Company, to:

Repros Therapuetics Inc.

2408 Timberloch Place, B-7

The Woodlands, Texas 77380

Attention: Chief Executive Officer

or to such other address as may have been furnished to Indemnitee by the Company or to the Company
by Indemnitee, as the case may be.

19. IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement.

20. HEADINGS. The headings of the paragraphs of this Agreement are inserted for convenience only
and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

21. GOVERNING LAW. The parties agree that this Agreement shall be governed by, and construed and
enforced in accordance with, the laws of the State of Delaware, without application of the conflict
of laws principles thereof.

22. GENDER. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun
where appropriate.

[Signature page follows.]

13

 

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

	 	 	 	 	 
	 	REPROS THERAPEUTICS INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	INDEMNITEE

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Signature Page — Indemnification Agreementexv10w01

Exhibit 10.01

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT is made and entered into this ___day of ___, 2009
between Flextronics International Ltd., a Singapore corporation (the “Company”), and ___,
a director and/or officer of the Company (the “Indemnitee”).

RECITALS:

     A. The Indemnitee, an officer and/or director of the Company, performs a valuable service in
such capacity for Company;

     B. The Board of Directors (the “Board”) of the Company desires to retain highly competent
individuals to serve as directors and officers or in other capacities and to protect such
individuals against inordinate risks of claims and actions against them arising out of their
service to and activities on behalf of the Company;

     C. The Board has determined that the difficulty in attracting and retaining such persons is
detrimental to the best interests of the Company’s shareholders and that the Company should act to
assure such persons that there will be increased certainty of such protection in the future;

     D. It is reasonable, prudent and necessary for the Company to contractually obligate itself to
indemnify such persons to the fullest extent permitted by applicable law so that they will serve or
continue to serve the Company free from undue concern that they will not be so indemnified;

     E. Section 172 of the Singapore Companies Act, Chapter 50 (the “Act”), permits the Company to
indemnify by agreement its officers and directors; and

     G. The Indemnitee does not regard the protection available under the Company’s Articles of
Association or insurance as adequate in the present circumstances, and may not be willing to serve
as an officer or director without adequate protection, and the Company desires the Indemnitee to
serve in such capacity. The Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that he or she be so
indemnified.

     NOW, THEREFORE, in consideration of Indemnitee’s continued service as a director and/or
officer of the Company after the date hereof, the parties hereto agree as follows:

     1. Agreement to Serve. The Indemnitee will serve or continue to serve as a director
and/or officer of the Company, at the will of the Company (or under separate agreement, if such
agreement exists), so long as he or she is duly appointed or elected and qualified in accordance
with the applicable provisions of the Articles of Association of the Company; provided,
however, that the Indemnitee may at any time and for any reason resign from such position

 

 

(subject to any contractual obligation that the Indemnitee may have assumed apart from this
Agreement), and the Company shall have no obligation under this Agreement to continue the
Indemnitee in any such position. Nothing contained in this Agreement is intended to create any
right to continued employment or other form of service for the Company by the Indemnitee.

     2. Directors’ and Officers’ Insurance. The Company shall obtain and maintain one or
more policies of directors’ and officers’ liability insurance (“D&O Insurance”) customary for
similarly situated companies, providing directors and officers of the Company with coverage on
customary terms and conditions, and to ensure the Company’s performance of its indemnification
obligations under this Agreement. In all policies of D&O Insurance, the Indemnitee shall be named
as an insured in such a manner as to provide the Indemnitee at least the same rights and benefits
as are accorded to the most favorably insured of the Company’s Agents. The purchase, establishment
and maintenance of D&O Insurance shall not in any way limit or affect the rights and obligations of
the Company or the Indemnitee under this Agreement except as expressly provided herein, and the
execution and delivery of this Agreement by the Company and the Indemnitee shall not in any way
limit or affect the rights and obligations of the Company or any other party or parties under any
such D&O Insurance.

     3. Indemnity of Indemnitee.

          3.1 General Indemnification. Subject to Section 7 below and to the provisions of the
Act, the Company shall hold harmless and indemnify the Indemnitee in accordance with the provisions
of this Section 3.1 if the Indemnitee was or is made, or is threatened to be made, a party to or a
participant in (as a witness or otherwise) any Proceeding by reason of the fact that he or she is
or was a director and/or officer of the Company, or by reason of anything done or not done by him
or her in any such capacity. Indemnitee shall be indemnified under this Section 3.1 against all
Expenses and judgments, liabilities, Fines, penalties, amounts paid in settlement, and all
interest, assessments and other charges paid or payable in connection with or in respect of any of
the foregoing (collectively, “Losses”), which are actually and reasonably incurred by the
Indemnitee or that may be incurred on behalf of the Indemnitee (i) in connection with any
Proceeding, or any action, discovery event, claim, issue or matter therein or related thereto, if
such indemnification is not against any liability which by law would otherwise attach to him or her
in respect of any negligence, default, breach of duty or breach of trust of which the Indemnitee
may be guilty in relation to the Company, (ii) in defending any Proceeding in which judgment is
given in his or her favor or in which he or she is acquitted or (iii) in connection with any
application under Sections 76A (13) or 391 or any other provision of the Act, in which relief is
granted to him or her by the court.

          3.2 Additional Indemnification. Notwithstanding any limitations in Section 3.1 hereof
but subject to Section 7 below, the Company shall indemnify the Indemnitee in accordance with the
provisions of this Section 3.2 to the fullest extent permitted by law (including, without
limitation (i) to the fullest extent authorized or permitted by the provisions of the Act as in
effect as of the date of this Agreement that authorize or contemplate indemnification by the
Company of the Indemnitee in his or her capacity as an Agent and (ii) to the fullest extent
authorized or permitted by any amendments or additions to or replacements of such provisions which
are adopted after the date of this Agreement that increase the extent to which a corporation may
indemnify such a Person in such a capacity). Indemnitee shall be

2

 

indemnified under this Section 3.2 against all Expenses and Losses actually and reasonably
incurred by the Indemnitee or that may be incurred on behalf of the Indemnitee in connection with
any Proceeding, or any action, discovery event, claim issue or matter therein or related thereto,
by reason of the fact that he or she is or was an Agent, or by reason of anything done or not done
by him or her in any such capacity.

          3.3  Expenses as a Witness. Notwithstanding the foregoing, to the extent that, by
reason of his or her status as an Agent, the Indemnitee is a witness in any Proceeding to which the
Indemnitee is not a party, the Company shall indemnify and hold harmless the Indemnitee against all
Expenses actually and reasonably incurred by the Indemnitee or on his or her behalf in connection
therewith.

     4. Reliance; Partial Indemnification and Contribution.

          4.1 Reliance. The Indemnitee shall be deemed to have satisfied the applicable
standard of conduct to be entitled to indemnification hereunder if in taking any action the
Indemnitee relied on the records or books of account of the Company or any Subsidiary of the
Company (collectively, “Flextronics”), including without limitation financial statements, or on
information, opinions, reports or statements provided to the Indemnitee by the officers or other
employees of Flextronics in the ordinary course of their duties, or on the advice of legal counsel
for Flextronics, or on information or records given or reports made to Flextronics by an
independent certified public accountant or by an appraiser or other expert selected by Flextronics,
or by any other Person (including legal counsel, accountants and financial advisors) as to matters
the Indemnitee reasonably believes are within such other Person’s professional or expert competence
and who has been selected with reasonable care by or on behalf of Flextronics. In connection with
any determination as to whether the Indemnitee is entitled to indemnification hereunder, the
Indemnitee shall be entitled to the presumption that he or she has satisfied the applicable
standard of conduct and is entitled to indemnification, and the burden of proof shall be on the
Company to establish, by clear and convincing evidence, that the Indemnitee is not so entitled.
The provisions of this Section 4.1 shall not be deemed to be exclusive or to limit in any way the
other circumstances in which the Indemnitee may be deemed to have met the applicable standard of
conduct set forth in this Agreement. In addition, the knowledge or actions, or failures to act, of
any other Person serving Flextronics shall not be imputed to the Indemnitee for the purposes of
determining the right to indemnification hereunder.

          4.2 Partial Indemnification. If the Indemnitee is entitled under any provision of
this Agreement to indemnification by the Company for some or a portion of any Expenses or Losses
incurred by him or her, but is not entitled to indemnification for all of the total amount thereof,
then the Company shall nevertheless indemnify the Indemnitee for such total amount except as to the
portion thereof to which the Indemnitee is not entitled to indemnification. For the avoidance of
doubt, if the Indemnitee is not wholly successful in any Proceeding but is successful, on the
merits or otherwise, as to one or more but less than all claims, issues or matters in any
Proceeding, the Company shall indemnify the Indemnitee in connection with each successfully
resolved claim, issue or matter. The Indemnitee’s satisfaction of the applicable standard of
conduct described in Section 4.1 with respect to a particular claim, issue or matter shall be
considered a successful resolution as to such claim, issue or matter. Furthermore,

3

 

subject to the provisions of the Act, for purposes of this Agreement, and without limitation,
the termination of any claim, issue or matter by dismissal with or without prejudice shall be
deemed to be a successful resolution as to such claim, issue or matter. In any review or
Proceeding to determine the extent of indemnification, the Company shall bear the burden to
establish by clear and convincing evidence, the lack of a successful resolution of a particular
claim, issue or matter and which amounts sought in indemnity are allocable to claims, issues or
matters which were not successfully resolved.

          4.3 Contribution. To the fullest extent permissible under applicable law, if the
indemnification and hold harmless rights provided in Section 3 are unavailable to the Indemnitee in
whole or in part 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 the
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right
of contribution it may have against the Indemnitee. The Company shall not enter into any
settlement in any Proceeding in which the Company is jointly liable with the Indemnitee (or would
be if joined in such Proceeding) unless such settlement provides for a full and final release of
all claims asserted against the Indemnitee. The Company hereby agrees to fully indemnify and hold
harmless the Indemnitee from any claims for contribution which may be brought by any Agent of the
Company other than the Indemnitee who may be jointly liable with the Indemnitee.

     5. Mandatory Advancement of Expenses. Subject to Section 8 below, to the fullest
extent permitted by law, the Company shall advance all Expenses incurred or to be incurred by the
Indemnitee in connection with any Proceeding, including in connection with the investigation,
defense, settlement or appeal of any such Proceeding, or any action, discovery event, claim, issue
or matter therein or related thereto, to which the Indemnitee was or is made, or is threatened to
be made, a party to or a participant in (as a witness or otherwise) by reason of the fact that he
or she is or was an Agent, or by reason of anything done or not done by him or her in such
capacity. The Indemnitee hereby undertakes to promptly repay such amounts advanced only if, and to
the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be
indemnified by the Company under the provisions of this Agreement, the Articles of Association of
the Company, the Act or otherwise. The advances to be made hereunder shall be paid from time to
time, whether prior to or after the final disposition of any Proceeding, by the Company to the
Indemnitee within ten (10) days following delivery of a written request therefor by the Indemnitee
to the Company and the presentation to the Company of an invoice or other substantiation of the
specific nature and amount of each Expense to be advanced by the Company. Such advances shall be
unsecured, interest free and shall be made without regard to the Indemnitee’s ability to repay the
Expenses and without regard to the Indemnitee’s ultimate entitlement to indemnification under the
other provisions of this Agreement. In the event that the Company advances an amount in excess of
any properly documented Expense, the Indemnitee shall return such excess to the Company within ten
(10) days of (i) the discovery by the Indemnitee of the excess of such advance or (ii) the
notification by the Company of its discovery of the excess of such advance. The Indemnitee’s right
to advancement of Expenses hereunder is absolute and shall not be subject to any prior
determination by any Person that the Indemnitee has satisfied any applicable standard of conduct
for indemnification.

4

 

     6. Notice and Other Indemnification Procedures.

          6.1 Notice and Request for Indemnification. The Indemnitee agrees to promptly notify
the Company in writing upon being served with any summons, citation, subpoena, complaint,
indictment, information or other notice of the commencement of or the threat of the commencement of
any Proceeding, if the Indemnitee believes that indemnification with respect thereto may be sought
from the Company under this Agreement. The failure of the Indemnitee to so notify the Company
shall not relieve the Company of any obligation which it may have to the Indemnitee under this
Agreement or otherwise. The Indemnitee shall at such time or at any time thereafter deliver to the
Company a written request for indemnification in accordance with this Agreement. Any such request
may be delivered at such time or times as the Indemnitee deems appropriate in his or her sole
discretion. Promptly, following such request for indemnification, the Indemnitee’s entitlement to
indemnification shall be determined in accordance with the terms and conditions of this Agreement.

          6.2 Notice to D&O Insurance Providers. At the time of the receipt of a notice of the
commencement of a Proceeding pursuant to Section 6.1, the Company shall give prompt notice of the
commencement of such Proceeding to the providers of D&O Insurance then in effect 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 such D&O Insurance
policies.

          6.3 Assumption of Defense. In the event the Company shall be obligated to advance
Expenses to the Indemnitee and so long as there shall not have occurred a Change in Control, the
Company shall be entitled to assume the defense of such Proceeding, with counsel approved by the
Indemnitee (which approval shall not be unreasonably withheld), upon the delivery to the Indemnitee
of written notice of its election to do so. After delivery of such notice, approval of such
counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be
liable to the Indemnitee under this Agreement for any fees and Expenses of counsel subsequently
incurred by the Indemnitee with respect to the same Proceeding, provided that: (a) the
Indemnitee shall have the right to employ his or her own counsel in any such Proceeding at the
Indemnitee’s sole expense (not to be reimbursed or otherwise indemnified or paid by the Company);
(b) the Indemnitee shall have the right to employ his or her own counsel in connection with any
such Proceeding, at the expense of the Company, if such counsel serves in a reviewer, observer,
advice and counseling capacity and does not otherwise materially control or participate in the
defense of such Proceeding; and (c) if (i) the employment of counsel by the Indemnitee has been
previously authorized 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 any
such defense or (iii) the Company shall not, in fact, have employed counsel to assume the defense
of such Proceeding, then the fees and Expenses of the Indemnitee’s counsel shall be at the expense
of the Company. The Company shall not settle any action, claim or Proceeding (in whole or in part)
which would impose any Expense, Loss or limitation on the Indemnitee without the Indemnitee’s prior
written consent.

5

 

     7. Determination of Right to Indemnification.

          7.1 Payment. If the Indemnitee is entitled to indemnification under this Agreement,
payment to the Indemnitee shall be made within ten (10) days following the request for
indemnification under Section 6.1 and the presentation to the Company of an invoice or other
substantiation of the specific nature and amount of each indemnifiable Expense or Loss, as
determined necessary and appropriate by the Company. In the event that the Company pays or
reimburses an amount in excess of any properly documented indemnifiable Expense or Loss, the
Indemnitee shall return such excess to the Company within ten (10) days of (i) the discovery by the
Indemnitee of the excess payment or reimbursement or (ii) the notification by the Company of its
discovery of the excess payment or reimbursement.

          7.2 Enforcement of Agreement. Notwithstanding any other provision in this Agreement
to the contrary, the Company shall indemnify the Indemnitee against all Expenses incurred by the
Indemnitee in connection with any Proceeding between the Company and the Indemnitee involving the
interpretation or enforcement of the rights of the Indemnitee under this Agreement, unless a court
of competent jurisdiction finds that the Indemnitee’s claims and/or defenses in any such Proceeding
were frivolous or made in bad faith.

     8. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement:

          8.1 Claims Initiated by Indemnitee. To indemnify the Indemnitee with respect to
Proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defense,
except with respect to Proceedings specifically authorized by the Board or brought to
establish or enforce a right to indemnification arising under this Agreement, the Articles of
Association of the Company, the charter documents of any Subsidiary of the Company or any statute
or law or otherwise;

          8.2 Amounts Covered by Insurance. To indemnify the Indemnitee for any Expenses or
Losses to the extent such Expenses or Losses have been paid directly to the Indemnitee by any D&O
Insurance policy or pursuant to any other agreement or otherwise, whether paid by the Company or
any other Person;

          8.3 Unauthorized Settlements. To indemnify the Indemnitee hereunder for any amounts
paid in settlement of a Proceeding unless the Company consents in advance in writing to such
settlement, which consent shall not be unreasonably withheld or delayed;

          8.4 Securities Law Actions. To indemnify the Indemnitee on account of any suit in
which judgment is rendered against the Indemnitee for an accounting of profits made from the
purchase or sale by the Indemnitee of securities pursuant to the provisions of Section 16(b) of the
United States Securities Exchange Act of 1934, as amended (the “Exchange Act”); or

          8.5 Sarbanes-Oxley Act. To indemnify the Indemnitee for any reimbursement by the
Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits
realized by the Indemnitee from the sale of securities of the Company, as required in each case
under the Exchange Act (including any such reimbursements that arise from an accounting restatement
pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley

6

 

Act”), or the payment of profits arising from the purchase and sale by the Indemnitee of
securities of the Company in violation of Section 306 of the Sarbanes-Oxley Act.

     9. Non-Exclusivity. The provisions for indemnification and advancement of Expenses
set forth in this Agreement shall not be deemed exclusive of any other rights which the Indemnitee
may have under any provision of law, the Company’s Articles of Association, the vote of the
Company’s shareholders or disinterested directors, other agreements or otherwise, both as to
actions or failures to act in the Indemnitee’s official capacity and to actions or failures to act
in another capacity while occupying his or her position as an Agent, and the Indemnitee’s rights
hereunder shall continue after the Indemnitee has ceased acting as an Agent and shall inure to the
benefit of the heirs, executors and administrators of the Indemnitee. No right or remedy herein
conferred is intended to be exclusive of any other right or remedy, and every other right and
remedy shall be cumulative and in addition to every other right and remedy given hereunder or now
or hereafter existing at law or in equity or otherwise. The assertion or employment of any right
or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any
other right or remedy.

     10. Definitions. In addition to other terms defined herein, for the purposes of this
Agreement, the following terms shall have the following meanings when used herein with initial
capital letters:

          10.1 “Agent” means any Person who (i) is or was a director, officer, employee, fiduciary or
other official of the Company; or (ii) is or was serving at the request of, for the convenience of,
or to represent the interests of the Company as a director, officer, advisory director, trustee,
manager, member, partner, employee, agent, fiduciary, or in any other similar capacity of another
foreign or domestic corporation, partnership, joint venture, trust or other enterprise. As used
herein, the term “enterprise” includes any employee benefit plan of the Company, its Subsidiaries,
affiliates and predecessor corporations.

          10.2 A “Change in Control” shall be deemed to occur upon the earliest of the following events:

               (a) Any Person is or becomes the beneficial owner (within the meaning of Rule 13d-3
promulgated under the Exchange Act), directly or indirectly, of securities of the Company
representing twenty percent (20%) or more of the combined voting power of the Company’s then
outstanding voting securities, except that any change in the relative beneficial ownership of the
Company’s voting securities by any Person resulting solely from a reduction in the aggregate number
of outstanding shares of voting securities shall be disregarded.

               (b) During any period of two (2) consecutive years (not including any period prior to the
execution of this Agreement), individuals who at the beginning of such period constitute the board
of directors of the Company, and any new director whose election by the board of directors of the
Company or nomination for election by the Company’s shareholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any
reason to constitute at least a majority of the members of the board of directors of the Company;

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               (c) The effective date of a merger or consolidation of the Company with any other entity,
other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more
than 51% of the combined voting power of the voting securities of the surviving entity outstanding
immediately after such merger or consolidation and with the power to elect at least a majority of
the board of directors or other governing body of such surviving entity;

               (d) The approval by the shareholders of the Company of a complete liquidation of the Company
or an agreement for the sale or disposition by the Company of all or substantially all of its
assets; and

               (e) There occurs any other event of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar
schedule or form) promulgated under the Exchange Act, whether or not the Company is then subject to
such reporting requirement.

          10.3 “Expenses” means (i) all attorney’s fees and costs, retainers (as an advance for services
to be rendered or expenses to be incurred), 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 costs incurred in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a
witness in, otherwise participating in any Proceeding, or any action, discovery event, claim issue
or matter therein or related thereto, or establishing or enforcing a right to indemnification or
advancement of Expenses under this Agreement or otherwise and (ii) any such Expenses incurred in
connection with any appeal resulting from any Proceeding, including without limitation, the
premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal
bond or its equivalent.

          10.4 “Fines” shall include any excise tax assessed with respect to any employee benefit plan.

          10.5 “Person” means any individual, corporation, partnership, limited liability company, joint
venture, association, other entity or organization or any group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act, and the rules and regulations thereunder).

          10.6 “Proceeding” means any threatened, pending or completed action, suit arbitration,
proceeding, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing
or any other actual threatened, or completed proceeding, whether brought in the right of the
Company or otherwise and whether of a civil (including intentional or unintentional tort claims),
criminal, administrative or investigative nature, or in any bankruptcy case or related proceeding,
in which Indemnitee was, is or will be involved as a party, a witness or otherwise by reason of the
fact that Indemnitee is or was an Agent, or by reason of anything done or not done by him or her in
any such capacity.

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          10.7 “Subsidiary” means, in respect of any Person, any corporation, partnership or other
business entity of which more than fifty percent (50%) of the outstanding voting power of shares of
capital stock or other interests (including partnership interests) entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or trustees thereof
is at the time owned or controlled, directly or indirectly, by such Person, by such Person and one
or more of its other subsidiaries or by one or more of such Person’s other subsidiaries.

     11. General Provisions.

          11.1 Interpretation of Agreement. It is understood that the parties hereto intend
this Agreement to be interpreted and enforced so as to provide indemnification to the Indemnitee to
the fullest extent now or hereafter permitted by law, except as expressly limited herein. The
Company expressly confirms and agrees that it has entered into this Agreement and assumed the
obligations imposed on it hereby in order to induce the Indemnitee to serve as an Agent of the
Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving
in such capacity.

          11.2 Severability. If any provision or provisions of this Agreement shall be held to
be invalid, illegal or unenforceable for any reason whatsoever, then: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable that are not themselves invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed
to the extent necessary to conform to applicable law; and (c) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, all portions of any paragraphs 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
manifested by the provision held invalid, illegal or unenforceable and to give effect to the intent
manifested hereby.

          11.3 Duration of Agreement. This Agreement shall continue until and terminate upon
the later of (a) ten (10) years after the date that the Indemnitee shall have ceased to serve as an
Agent, or (b) one (1) year after the final termination of any Proceeding then pending in respect of
which the Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and
of any Proceeding commenced by the Indemnitee pursuant to enforce the Indemnitee’s rights under
this Agreement.

          11.4 Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any
other provision hereof (whether or not similar), nor shall such waiver constitute a continuing
waiver.

          11.5 Subrogation. 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 the Indemnitee, who
shall execute all papers required and take all action necessary to secure such

9

 

rights, including execution of such documents as are necessary to enable the Company to bring
suit to enforce such rights.

          11.6 Counterparts. This Agreement may be executed by facsimile and in one or more
counterparts, each of which shall for all purposes be deemed to be an original and all of which
shall together constitute one and the same agreement.

          11.7 Entire Agreement. Except as expressly set forth in this Agreement, this
Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter hereof and supersedes all prior agreements and understandings, oral, written and implied,
between the parties hereto with respect to the subject matter hereof.

          11.8 Successors and Assigns. The terms of this Agreement shall bind, and shall inure
to the benefit of, the successors and assigns of the parties hereto. The Company shall require and
cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to
all, substantially all or a substantial part, of the business and/or the assets of the Company, by
written agreement in form and substance satisfactory to 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 had taken place.

          11.9 Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given if (i) delivered by hand and signed
for by the party addressee, (ii) mailed by certified or registered mail, with postage prepaid, on
the third business day after the mailing date or (iii) sent by prepaid overnight mail, signature
required for delivery on the next business day:

               (a) If to the Indemnitee, at the address indicated on the signature page of this Agreement, or
such other address as Indemnitee shall provide in writing to the Company; and

               
(b) If to the Company, to

                     
Flextronics International Ltd.

                     
One Marina Boulevard, #28-00

                     
Singapore 018989

                     
Attention: Chief Financial Officer

                     
With a copy to:

                     
Flextronics International USA, Inc.

                     
305 Interlocken Parkway

                     
Broomfield, CO 80021

                     
Attention: General Counsel

or to any other address as may have been furnished by the Company to the Indemnitee in writing.

          11.10 Governing Law. This Agreement shall be governed exclusively by and construed
according to the laws of Singapore.

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          11.11 Injunctive Relief. The Company and the Indemnitee agree herein that a monetary
remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and
difficult to prove, and further agree that such breach may cause the Indemnitee irreparable harm.
Accordingly, the parties hereto agree that the Indemnitee may enforce this Agreement by seeking
injunctive relief and/or specific performance hereof, without any necessity of showing actual
damage or irreparable harm and that by seeking injunctive relief and/or specific performance, the
Indemnitee shall not be precluded from seeking or obtaining any other relief to which he or she may
be entitled, and shall not be required to post bonds or make any other undertaking in connection
therewith.

          11.12 Miscellaneous. The section headings of this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this Agreement or to affect the
construction thereof.

[The remainder of this page is intentionally left blank.]

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

	 	 	 	 	 
	 	FLEXTRONICS INTERNATIONAL LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	INDEMNITEE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Address:
 

 

 
 	 
	 

[SIGNATURE PAGE TO INDEMNIFICATION AGREEMENT]

12

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