Document:

tess_EX10_1

		
			Exhibit 10.1
		

		
			FIRST AMENDMENT TO CREDIT AGREEMENT

		

		
			 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) is dated as of July 13, 2017, by and among TESSCO TECHNOLOGIES, INCORPORATED, a Delaware corporation (“Parent”), TESSCO INCORPORATED, a Delaware corporation (“TESSCO”), TESSCO SERVICE SOLUTIONS, INC., a Delaware corporation (“SERVICE”), GW SERVICE SOLUTIONS, INC., a Delaware corporation (“GW”), and TCPM, INC., a Delaware corporation  (“TCPM”; TESSCO, SERVICE, GW, and TCPM, each a “Borrower,” and, collectively, the “Borrowers”), the “Subsidiary Loan Parties” party hereto, the Lenders (as defined below) party hereto, and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”).
		

		
			W I T N E S S E T H  :
		

		
			WHEREAS, Borrowers, the banks and financial institutions party thereto from time to time (the “Lenders”), and Agent are party to that certain Credit Agreement dated as of June 24, 2016 (as the same may have been amended, restated, supplemented, or otherwise modified from time to time before the date hereof, the “Credit Agreement”); and
		

		
			WHEREAS, Borrowers have requested, and Agent and the Lenders party hereto have agreed to, subject to the terms and conditions hereof, certain amendments to the Credit Agreement.
		

		
			NOW, THEREFORE, for and in consideration of the above premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, each of the parties hereto hereby covenants and agrees as follows:
		

			
	
			
				 1.
			Definitions.  Unless otherwise specifically defined herein, each term used herein which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement.

			
	
			
				 2.
			Amendments to the Credit Agreement.

			
	
			
				 (a)
			Section 1.1 to the Credit Agreement is amended by including the following new definition therein, in appropriate alphabetical order:

		
			“Suppressed Availability” means, at any time of determination, the lesser of (a) the positive amount (if any) by which the Borrowing Base exceeds the Aggregate Revolving Commitment Amount and (b) $10,000,000.
		

			
	
			
				 (b)
			The definition of “Availability in Section 1.1 of the Credit Agreement is amended so that it reads, in its entirety, as follows:

		
			“Availability” shall mean, as of any date of determination, the sum of:
		

		
			 
		

		
			(a)the positive amount (if any) by which (i) the lesser of (A) the Borrowing Base and (B) the Aggregate Revolving Commitment Amount exceeds (ii) the Aggregate Revolving Credit Exposure on such date; plus
		

		
			 
		

		
			(b)solely for purposes of determining “Availability” in the definitions of “Cash Dominion Period,” “Increased Reporting Period,” and 

		 

 

“Liquidity Period” and in Section 7.5(d), in each case, during the period commencing on and including July 13, 2017, and ending on the earlier to occur of (i) the date on which an Event of Default occurs and (ii) October 31, 2017, Suppressed Availability.
		

		
			 
		

			
	
			
				 3.
			Miscellaneous.

			
	
			
				 (a)
			Representations and Warranties.  To induce Agent and those Lenders party hereto to enter into this Agreement, each Loan Party represents and warrants as follows:

			
	
			
				 (i)
			Authority.  Such Loan Party has the requisite corporate or limited liability company, as applicable, power and authority to execute and deliver this Agreement and to perform its obligations hereunder and under the Loan Documents, as amended by this Agreement, to which it is a party.  The execution, delivery, and performance by such Loan Party of this Agreement have been duly approved by all necessary corporate or limited liability company, as applicable, action, do not require any governmental approval or consent (which has not been obtained), and do not contravene any law or any contractual restriction binding on such Loan Party.

			
	
			
				 (ii)
			Enforceability.  This Agreement has been duly executed and delivered by such Loan Party.  This Agreement and each Loan Document (as amended or modified by this Agreement) to which such Loan Party is a party constitute legal, valid, and binding obligations of such Loan Party, enforceable against such Loan Party in accordance with their terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally.

			
	
			
				 (iii)
			Representations and Warranties.  The representations and warranties set forth in the Loan Documents are true and correct in all material respects (or, with respect to any representation and warranty which contains a materiality, Material Adverse Effect, or similar qualifier, in all respects) on and as of the date hereof as though made on and as of the date hereof (other than representations or warranties which, by their terms, are specifically made as of a date other than the date hereof, in which case such representations and warranties shall be true and correct in all material respects (or, with respect to any representation and warranty which contains a materiality, Material Adverse Effect, or similar qualifier, in all respects) on and as of such other date).

			
	
			
				 (iv)
			No Default.  As of the date hereof, and after giving effect to the terms of this Agreement, no Default or Event of Default exists.  

			
	
			
				 (b)
			Effect of Agreement.

			
	
			
				 (i)
			Upon and after the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” or words of similar effect or import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement,” “thereof,” or words of similar effect or import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this Agreement.

			
	
			
				 (ii)
			Except as specifically set forth in this Agreement, the Credit Agreement and all other Loan Documents are and shall continue to be in full force and effect and shall constitute the legal, valid, binding, and enforceable obligations of the Loan Parties which are party thereto, without defense, offset, claim, or contribution.

			
	
			
				 (iii)
			The amendments set forth in this Agreement shall be deemed to have prospective application only, unless otherwise specifically stated herein.

			
	
			
				 (c)
			Ratification and Reaffirmation.  Each of the Loan Parties (i) consents to the execution and delivery of this Agreement; (ii) confirms, ratifies, and reaffirms the terms and provisions of each Loan Document to which it is a party, as amended by this Agreement, effective as of the date hereof; (iii) confirms, ratifies, and reaffirms all of its respective obligations and covenants under each of the Loan Documents to which it is a party, as amended by this 

		 

 

	Agreement; and (iv) agrees that none of its obligations and covenants under such Loan Documents is reduced or limited by the execution and delivery of this Agreement, except to the extent expressly provided in this Agreement.

			
	
			
				 (d)
			No Novation or Mutual Departure.  Each Loan Party expressly acknowledges and agrees that (i) there has not been, and this Agreement does not constitute or establish, a novation with respect to the Credit Agreement or any of the other Loan Documents, or a mutual departure from the strict terms, provisions, and conditions thereof, or the Obligations, other than as expressly set forth herein, and (ii) nothing in this Agreement shall affect or limit Agent’s or any Lender’s right to demand payment of liabilities owing from any Loan Party to such Persons under, or to demand strict performance of the terms, provisions, and conditions of, the Credit Agreement and the other Loan Documents, to exercise any and all rights, powers, and remedies under the Credit Agreement or the other Loan Documents or at law or in equity, or to do any and all of the foregoing, immediately at any time after the occurrence of a Default or an Event of Default under the Credit Agreement or the other Loan Documents.

			
	
			
				 (e)
			Further Assurances.  Each Loan Party agrees to take such further actions as Agent shall reasonably request in connection herewith to evidence the agreements herein contained.

			
	
			
				 (f)
			Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument.

			
	
			
				 (g)
			Fax or Other Transmission.  Delivery by one or more parties hereto of an executed counterpart of this Agreement via facsimile, telecopy, or other electronic method of transmission pursuant to which the signature of such party can be seen (including, without limitation, Adobe Corporation’s Portable Document Format or PDF) shall have the same force and effect as the delivery of an original executed counterpart of this Agreement.  Any party delivering an executed counterpart of this Agreement by facsimile or other electronic method of transmission shall also deliver an original executed counterpart, but the failure to do so shall not affect the validity, enforceability, or binding effect of this Agreement.

			
	
			
				 (h)
			Section References; Loan Document; Incorporation of Recitals.  Section titles and references used in this Agreement shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced by this Agreement.  This Agreement constitutes a Loan Document.  The recitals to this Agreement are incorporated herein by this reference.

			
	
			
				 (i)
			Governing Law.  This Agreement and the rights and obligations of the parties hereunder shall be governed by and construed and interpreted in accordance with the laws of the State of New York, without giving effect to the choice of law provisions thereof, other than Sections 5-1401 and 5-1402 of the New York General Obligations Law.

			
	
			
				 (j)
			Severability.  If any provision of this Agreement shall be invalid, illegal, or unenforceable, such provision shall be severable from the remainder of this Agreement and the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

			
	
			
				 4.
			Conditions Precedent.  This Agreement shall become effective only Agent’s receipt, on or before July 15, 2017, of this Agreement, duly executed and delivered by Agent, the Required Lenders, Parent, each Borrower, and each Subsidiary Loan Party.

		
			[Continued on following page.]
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed, under seal, by its duly authorized officer as of the day and year first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PARENT:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO TECHNOLOGIES INCORPORATED, a Delaware corporation

					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

				
	
					
						 

					
					
						Title:  Senior Vice President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						BORROWERS:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO INCORPORATED, a Delaware corporation:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GW SERVICE SOLUTIONS, INC., a Delaware corporation:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO SERVICE SOLUTIONS, INC., a Delaware corporation

					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		

		 

		

			4

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TCPM, INC., a Delaware corporation

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		

		 

		

			5

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						SUBSIDIARY LOAN PARTIES:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						WIRELESS SOLUTIONS INCORPORATED, a Maryland corporation

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO FINANCIAL CORPORATION, a Delaware corporation

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO COMMUNICATIONS INCORPORATED, a Delaware corporation

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO BUSINESS SERVICES, LLC, a Delaware limited liability company

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						TESSCO INTEGRATED SOLUTIONS, LLC, a Delaware limited liability company

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aric M. Spitulnik

				
	
					
						 

					
					
						Name:  Aric M. Spitulnik

					
						Title:  Vice President

				

		
			 
		

		
			 
		

		
			 
		

		
			
		

		

		 

		

			6

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						AGENT AND LENDERS:

					
					
						SUNTRUST BANK, as Agent and as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Christopher M Waterstreet

				
	
					
						 

					
					
						Name:

					
					
						Christopher M Waterstreet

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		
			
		

		

		 

		

			7

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Derek Lynch

				
	
					
						 

					
					
						Name:

					
					
						Derek Lynch

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		
			 
		

		
			
		

		
			 
		

		 

		

			8EX-4.42

 Exhibit 4.42 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is entered into as of
                    , 2017 by and between MakeMyTrip Limited, a company incorporated under the laws of Mauritius (the “Company”) and
the undersigned, a director and/or officer of the Company and/or a subsidiary of the Company (collectively, the “Group”), (“Indemnitee”). 

RECITALS 
 1. The Company
believes that it is essential to its best interests to attract and retain highly capable persons to serve as directors and officers of the Group. 

2. Indemnitee is or has been selected to be a director or officer of the Group. 

3. The Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of the
Group. 
 4. In recognition of Indemnitee’s need for substantial protection against personal liability in order to enhance
Indemnitee’s service to the Group, and in order to induce Indemnitee to provide or continue to provide services to the Group as a director or officer, the Board of Directors of the Company (the “Board”) wishes to provide in this
Agreement for the indemnification and the advancing of expenses to Indemnitee, as set forth in this Agreement. 
 AGREEMENT 

In consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

1. Definitions. The following terms shall have the meanings defined below: 

Expenses shall include, without limitation, damages, liabilities, judgments, fines, penalties, settlements and costs,
attorneys’ fees and disbursements and costs of attachment or similar bond and any other costs or expenses paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing for
any Proceeding. 
 Indemnifiable Event means any event or occurrence that takes place either before or after the execution of
this Agreement, related to the fact that Indemnitee is or was a director or an officer of the Group, or is or was serving at the request of the Group as a director or officer of another corporation, partnership, joint venture or other entity, or
related to anything done or not done by Indemnitee in any such capacity, including (to the extent permitted by applicable law), but not limited to neglect, breach of duty (but excluding any liability in respect of any breach by a director of the
Group of the duty under the Companies Act 2001 (as amended) of Mauritius to exercise his/her powers honestly, in good faith, in the best interests of the Group and for the respective purposes for which such powers are explicitly or impliedly
conferred), error, misstatement, misleading statement or omission. 
 Participant means a person who is a party to, or witness
or participant (including on appeal) in, a Proceeding. 
 Proceeding means any pending, threatened or completed action, suit,
arbitration or proceeding, or any inquiry, hearing or investigation, whether civil, criminal, administrative, investigative or other, including appeal, in which Indemnitee may be or may have been involved as a party or otherwise by reason of an
Indemnifiable Event. 

  
 1 

 2. Agreement to Indemnify. 

2.1 General Agreement. In the event Indemnitee was, is, or becomes a Participant in, or is threatened to be made a Participant in, a
Proceeding, the Company shall indemnify the Indemnitee from and against any and all Expenses which Indemnitee incurs or becomes obligated to incur in connection with such Proceeding, whether or not such Proceeding proceeds to judgment or is settled
or is otherwise brought to a final disposition, to the fullest extent permitted by applicable law. 
 2.2 Indemnification of Expenses of
Successful Party. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits in defense of any Proceeding or in defense of any claim, issue or matter in such Proceeding, the Company
shall indemnify Indemnitee against all Expenses incurred in connection with such Proceeding or such claim, issue or matter, whether or not such Proceeding proceeds to judgment or is settled or is otherwise brought to a final disposition, as the case
may be, offset by the amount of cash, if any, received by the Indemnitee resulting from his/her success therein. 
 2.3 Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount of Expenses, the Company shall indemnify the Indemnitee for the portion of
such Expenses to which Indemnitee is entitled. 
 2.4 Exclusions. Notwithstanding anything in this Agreement to the contrary,
Indemnitee shall not be entitled to indemnification under this Agreement: 
 (a) to the extent that payment is actually made to Indemnitee
under a valid, enforceable and collectible insurance policy; 
 (b) in connection with any Proceeding initiated by Indemnitee against the
Company, any director or officer of the Group or any other party, and not by way of defense, unless (i) the Board has consented to the initiation of such Proceeding or, in the case of a Proceeding against any director or officer of the Group or
any other party, the Company has joined in; or (ii) the Proceeding is one to enforce indemnification rights under this Agreement or any applicable law; 

(c) brought about by the dishonesty or fraud of the Indemnitee seeking payment hereunder; provided, however, that the Company shall indemnify
Indemnitee under this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his/her part, unless a judgment or other final adjudication thereof adverse to the Indemnitee establishes that he/she
committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest purpose and intent, and (iii) which acts were material to the cause of action so adjudicated; or 

(d) to the extent such indemnification is prohibited by applicable law. 

2.5 No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to continued employment with the
Group. 
 2.6 Contribution. 

(a) To the fullest extent permitted by applicable law, if the indemnification and/or hold harmless rights provided for in this Agreement are
unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying or holding harmless Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, in connection with any
Proceeding 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 or events from which such Proceeding arose, and
(ii) the relative fault of the Company on the one hand and the Indemnitee on the other hand in connection with the events which resulted in such amount being incurred by the Indemnitee. 

  
 2 

 (b) The Company hereby agrees to fully indemnify and hold harmless Indemnitee from any claims for
contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee. 

3. Indemnification Process. 

3.1 Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition precedent to his/her right to be indemnified under this
Agreement, to the extent permitted by applicable law, give the Company notice in writing as soon as reasonably practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement, provided that the
delay of Indemnitee to give notice hereunder shall not prejudice any of Indemnitee’s rights hereunder, unless such delay results in the Company’s forfeiture of material substantive rights or defenses. Notice to the Company shall be given
in accordance with Section 6.7 below. If, at the time of receipt of such notice, the Company has directors’ and officers’ liability insurance policies in effect, the Company shall give prompt notice to its insurers of the Proceeding
relating to the notice. The Company shall thereafter take all necessary and desirable action to cause such insurers to pay, on behalf of Indemnitee, all Expenses payable as a result of such Proceeding. In addition, Indemnitee shall give the Company
such cooperation as the Company may reasonably request and the Company shall give the Indemnitee such cooperation as the Indemnitee may reasonably request, including providing any documentation or information which is not privileged or otherwise
protected from disclosure and which is reasonably available to Indemnitee or the Company, as the case may be. 
 3.2 Indemnification
Payment. 
 (a) Advancement of Expenses. Indemnitee may submit a written request with reasonable particulars to the Company
requesting that the Company advance to Indemnitee all Expenses that may be reasonably incurred in advance by Indemnitee in connection with a Proceeding. The Company shall, subject to Section 3.2(c) below, within ten (10) business days of
receiving such a written request by Indemnitee, advance all requested Expenses to Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be repaid to the Company. 

(b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced payment of Expenses from the Company, Indemnitee
shall be entitled to receive reimbursement for the Expenses incurred in connection with a Proceeding from the Company as soon as practicable and, in any event, within 30 business days after Indemnitee makes a written request to the Company for
reimbursement unless the Company refers the indemnification request to the Reviewing Party in compliance with Section 3.2(c) below. 
 (c)
Determination by the Reviewing Party. If the Company reasonably believes that it is not obligated under this Agreement to indemnify the Indemnitee, the Company shall, within 10 days after receiving the Indemnitee’s written request for an
advancement or reimbursement of Expenses, notify the Indemnitee that the request for advancement of Expenses or reimbursement of Expenses will be submitted to the Reviewing Party (as hereinafter defined). The Reviewing Party shall make a
determination on the request within 30 days after receiving from the Company the Indemnitee’s written request for an advancement or reimbursement of Expenses. Notwithstanding anything foregoing to the contrary, in the event the Reviewing Party
informs the Company that Indemnitee is not entitled to indemnification in connection with a Proceeding under this Agreement or applicable law, the Company shall be entitled to be reimbursed by Indemnitee for all the Expenses previously advanced or
otherwise paid to Indemnitee in connection with such Proceeding; provided, however, that Indemnitee may bring a suit to enforce his/her indemnification right in accordance with Section 3.2(d) below. 

(d) Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if Indemnitee has not received full indemnification within
30 days after making a written demand in accordance with Section 3.2(b) above or 50 days if the Company submits a request for advancement in accordance with Section 3.2(a) above or reimbursement to the Reviewing Party under Section 3.2(c) above,
Indemnitee shall have the right to enforce its 

  
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indemnification rights under this Agreement by commencing litigation in any court of competent jurisdiction seeking a determination by the court or challenging any determination by the Reviewing
Party or with respect to any breach in any aspect of this Agreement. Any determination by the Reviewing Party not challenged by Indemnitee and any judgment entered by the court shall be binding on the Company and Indemnitee. 

(e) Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any
Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same
Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of
such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which
events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense. 

(f) Burden of Proof and Presumptions. Upon making a request for indemnification, Indemnitee shall be presumed to be entitled to
indemnification under this Agreement and the Company shall have the burden of proof to overcome that presumption in reaching any contrary determination. 

(g) No Settlement Without Consent. Neither party to this Agreement shall settle any Proceeding in any manner that would impose any
damage, loss, penalty or limitation on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement. 

(h) Company Participation. Subject to Section 2.6, the Company shall not be liable to indemnify the Indemnitee under this
Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action. 

(i) Reviewing Party. 

(i) For purposes of this Agreement, the Reviewing Party with respect to each indemnification request of Indemnitee that is referred by the
Company pursuant to Section 3.2(c) above shall be (A) the Board by a majority vote of a quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of the Board consisting of Disinterested Directors is not
obtainable by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. If the Reviewing Party determines 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 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
or member of the Board shall act reasonably and in good faith in making a determination under this Agreement of the Indemnitee’s entitlement to indemnification. Any reasonable costs or expenses (including reasonable 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. “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. 
 (ii) If the determination of entitlement to indemnification is to be made by Independent Counsel, the Independent Counsel
shall be selected as provided in this Section 3.2(i)(ii). The Independent Counsel shall be 

  
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selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event the proceeding 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 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 3.2(i)(iv) 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
20 days after submission by Indemnitee of a written request for indemnification, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of
any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall
designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such
Independent Counsel in connection with acting under this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 3.2(i)(iii), regardless of the manner in which such Independent Counsel was
selected or appointed. 
 (iii) In making a determination with respect to entitlement to indemnification hereunder, the Reviewing Party
shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with this Agreement, and the Company shall have the burden of proof to overcome that
presumption if there is any determination made by any person, persons or entity contrary to that presumption. 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/she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that
his/her conduct was unlawful. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Group and any other corporation,
partnership, joint venture or other entity of which Indemnitee is or was serving at the written request of the Group as a director, officer, employee, agent or fiduciary, including financial statements, or on information supplied to Indemnitee by
the officers and directors of the Group or such other corporation, partnership, joint venture or other entity in the course of their duties, or on the advice of legal counsel for the Company or such other corporation, partnership, joint venture or
other entity or on information or records given or reports made to the Group or such other corporation, partnership, joint venture or other entity by an independent certified public accountant or by an appraiser or other expert selected with
reasonable care by the Company or such other corporation, partnership, joint venture or other entity. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Group or such other corporation,
partnership, joint venture or other entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. The provisions of this Section 3.2(i)(ii) 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. 

(iv) “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 (5) years has been, retained to represent (i) 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 (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. 

  
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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. 

4. Director and Officer Liability Insurance. 

4.1 Good Faith Determination. The Company shall from time to time make the good faith determination whether or not it is practicable
for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Group with coverage for losses incurred in connection with their services to the Group or to
ensure the Company’s performance of its indemnification obligations under this Agreement. 
 4.2 Coverage of Indemnitee.
Indemnitee shall be covered under this Agreement to the fullest extent permitted by applicable law and as set forth in this Agreement. In addition, to the extent the Company maintains an insurance policy or policies providing directors’ and
officers’ liability insurance, Indemnitee shall also be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Group’s directors or officers under such
insurance policy or policies. 
 4.3 No Obligation. Notwithstanding the foregoing, the Company shall have no obligation to obtain or
maintain any director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage
provided, or (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit. 
 5. Non-Exclusivity; Federal Preemption; Term. 
 5.1 Non-Exclusivity. The
indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s constitution, as may be amended from time to time (the “Constitution”), the organizational
documents of any other member of the Group (together with the Constitution, the “Organizational Documents”), applicable law or any written agreement between Indemnitee and any member of the Group. The indemnification provided under this
Agreement shall continue to be available to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though he/she may have ceased to serve in any such capacity at the time of any Proceeding. To the extent that a
change in the laws of the Mauritius permits greater indemnification by agreement than would be afforded under the Organizational Documents or 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. 
 5.2 Federal Preemption. Notwithstanding the foregoing, both the Company and
Indemnitee acknowledge that in certain instances, U.S. federal law or public policy may override applicable law and prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. Such instances include, but are
not limited to, the U.S. Securities and Exchange Commission’s (the “SEC”) prohibition on indemnification for liabilities arising under certain U.S. federal securities laws. Indemnitee understands and acknowledges that the Company has
undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right under public policy to indemnify Indemnitee. 

5.3 Duration of Agreement. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee
is an officer and/or a director of the Group (or is or was serving at the request of the Group as a director, officer, employee or agent of another corporation, partnership, joint venture, 

  
 6 

 
trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding by reason of his/her former or current capacity at the Group or any other
enterprise at the Group’s request, whether or not he/she is acting or serving in any such capacity at the time any Expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall continue in effect
regardless of whether Indemnitee continues to serve as an officer and/or a director of the Group or any other enterprise at the Group’s request. 

6. Miscellaneous. 
 6.1
Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any
other provisions (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided in this Agreement, no failure to exercise or any delay in exercising any right or remedy shall constitute a waiver. 

6.2 Subrogation. In the event of payment to Indemnitee by the Company 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 shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the
Company to bring suit to enforce such rights. 
 6.3 Assignment; Binding Effect. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by either party hereto without the prior written consent of the other party; except that the Company may, without such consent, assign all such rights and obligations to a successor in interest to the Company
which assumes all obligations of the Company under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and inure to the benefit of and be enforceable by and against the parties hereto and the Company’s successors
(including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company) and assigns, as well as Indemnitee’s spouses, heirs, and personal and legal
representatives, to the extent permitted by applicable laws. 
 6.4 Severability and Construction. Nothing in this Agreement is
intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court order, to perform its obligations under this Agreement shall not
constitute a breach of this Agreement. In addition, if any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest
extent permitted by applicable law. The parties hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the product of both of the parties
hereto, and no ambiguity shall be construed in favor of or against either of the parties hereto. 
 6.5 Counterparts. This Agreement
may be executed in two counterparts, both of which taken together shall constitute one instrument. 
 6.6 Governing Law. This
agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of New York, U.S.A., without giving effect to
conflicts of law provisions thereof. 

  
 7 

 6.7 Notices. All notices, demands, and other communications required or permitted under
this Agreement shall be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed via postage prepaid, certified or registered mail, return receipt requested, or by email and addressed to the
Company at: 
 MakeMyTrip Limited 

Tower A, S P Infocity, Plot No. 243 

Udyog Vihar Phase 1 
 Gurgaon- 122
016 
 Haryana, India 
 Fax: +91
124 439 5100 
 Attention: Chief Financial Officer 

Email: groupcfo@makemytrip.com 
 and to
Indemnitee at his/her address last known to the Company. 
 6.8 Entire Agreement. This Agreement constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 

[Signature page follows] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above. 

 

							
	MAKEMYTRIP LIMITED	 		 	INDEMNITEE
				
	By:	 	  
	 		 	  

	Name:	 		 		 	Name:
	Officer:	 		 		 	Address:

  
 9

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