Document:

exv10w4

 

EXHIBIT 10.4

Introductory Note

     CapitalSource Inc. has entered into indemnification agreements in the form
attached hereto with the following non-employee directors as of the respective
dates listed opposite the name of the individual:

	 	 	 	 	 
	Officer	 	
Date of Indemnification Agreement
	
	 	

	 	Frederick W. Eubank, II	 	 	
August 1, 2003
	 	Andrew B. Fremder	 	 	
August 1, 2003
	 	Tully M. Friedman	 	 	
August 1, 2003
	 	Timothy M. Hurd	 	 	
August 1, 2003
	 	Thomas F. Steyer	 	 	
August 1, 2003
	 	Paul R. Wood	 	 	
August 1, 2003
	 	William G. Byrnes	 	 	
October 23, 2003
	 	Dennis P. Lockhart	 	 	
October 23, 2003

     Copies of the above agreements will be provided to the SEC upon request.

 

 

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into
as of August 1, 2003, by and between CapitalSource Inc., a Delaware corporation
(the “Company”), and the undersigned (the “Indemnitee”).

     WHEREAS,  the Company has invited Indemnitee to serve as a director on the
Board of Directors (the “Board”) of the Company.

     WHEREAS,  in order to induce Indemnitee to serve on the Board, the Company
wishes to grant and secure to Indemnitee as permitted by 8 Del. C. § 145(f)
indemnification and advancement rights to the fullest extent permitted by
Delaware law as the same exists or may hereafter be revised, whether or not
expressly provided for in the Company’s Amended and Restated Bylaws or other
provisions of the General Corporation Law of the State of Delaware (the
“DGCL”).

     NOW,
THEREFORE,  in consideration of the Indemnitee’s agreement to serve on
the Board of the Company including, without limitation, as a member of any
committee thereof, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company agrees as follows:

     Section 1. Indemnification and Advancement Expenses.

          (a) If the Indemnitee is made a party or is threatened to be made a party
to or is otherwise involved, whether or not a party thereto, in any possible,
threatened, pending or completed action, suit, demand, arbitration, or
proceeding, whether civil, criminal, administrative or investigative
(hereinafter a “Proceeding”) or otherwise incurs, suffers, sustains or becomes
subject to any expense, liability, damage, costs, obligations, penalties,
claims or losses (including, without limitation, attorneys’ fees and expenses,
judgments, fines, Employee Retirement and Income Security Act excise taxes or
penalties and amounts paid or to be paid in settlement) (collectively,
“Losses”), arising out of, relating to, based upon, in connection with or due
to the fact that the Indemnitee is or was serving as a director (including,
without limitation, as a member of any committee of the Board of Directors) of
the Company, any predecessor of the Company or any subsidiary of the Company,
or is or was serving at the request of the Company as a director or officer of
another corporation, partnership, joint venture, trust, or other enterprise,
including service with respect to an employee benefit plan, the Indemnitee
shall be indemnified and held harmless by the Company to the fullest extent
permitted by Delaware law against all Losses incurred, suffered or sustained by
the Indemnitee or to which the Indemnitee became subject in connection with
such service, except with respect to indemnification for liability arising from
a Proceeding initiated by the Indemnitee against the Company (other than as
described in Section 2) and unauthorized by the Board, and such indemnification
shall continue as to the Indemnitee after the Indemnitee has ceased to serve as
a member of the Board or in such other position

 

 

as set forth above, and shall inure to the benefit of the Indemnitee’s heirs,
executors, administrators, conservators and guardians.

          (b) The rights conferred upon the Indemnitee by this Agreement shall
include the right to be paid or reimbursed by the Company for any Losses from
time to time incurred, suffered or sustained by the Indemnitee or to which the
Indemnitee became subject in connection with such service, including, without
limitation, the expenses incurred in defending or otherwise being involved in
any such Proceeding or other action in advance of its final disposition
(hereinafter an “Advancement of Expenses”); provided, however, that if and only
if the DGCL so requires, such Advancement of Expense shall be made only upon
delivery to the Company of an undertaking (hereinafter an “Undertaking”), by or
on behalf of the Indemnitee, to repay all amounts so advanced if it shall
ultimately be determined by a final judicial decision from which there is no
further right to appeal (hereinafter a “Final Adjudication”), that the
Indemnitee is not entitled to be indemnified for such Losses under the DGCL.

     Section 2. Right of Indemnitee to Enforce Indemnification and Advancement
Obligations. If a claim under either (a) Section 1(a) of this Agreement with
respect to any right to indemnification is not paid in full by the Company
within sixty (60) days after a written claim for indemnification has been
received by the Company, or (b) Section 1(b) of this Agreement with respect to
any right to the Advancement of Expenses is not paid in full by the Company
within twenty (20) days after a written claim for Advancement of Expenses is
received by the Company, then the Indemnitee shall be entitled at any time
thereafter to bring suit against the Company to recover the unpaid amount of
any such claim. If successful in whole or in part in any such suit, the
Indemnitee shall be entitled additionally to be paid, and to seek as an award
in connection with any such suit, the cost and expenses (including attorneys’
fees) incurred by Indemnitee in prosecuting such suit. Neither the failure of
the Company (including its Board of Directors, independent legal counsel, or
its stockholders) to have made a determination prior to the commencement of
such suit that indemnification of the Indemnitee is proper in the circumstances
because the Indemnitee has met any applicable standard of conduct set forth in
Delaware Law, nor an actual determination by the Company (including its Board
of Directors, independent legal counsel, or its stockholders) that the
Indemnitee has not met any such applicable standard of conduct, shall be a
defense to the suit or create a presumption for purposes thereof that the
Indemnitee has not met any applicable standard of conduct.

     In any suit brought by the Indemnitee seeking to enforce a right to
indemnification or to an Advancement of Expenses under this Agreement, the
burden shall be on the Company to prove that the Indemnitee is not entitled to
be indemnified or to such Advancement of Expenses under this Agreement.

2

 

     Section 3. Rights Not Exclusive. The rights provided hereunder shall not
be deemed exclusive of any other right to which the Indemnitee may be entitled
or hereafter may acquire under any statute, provision of the Company’s Amended
and Restated Certificate of Incorporation or Amended and Restated Bylaws,
agreement, vote of stockholders or disinterested directors or otherwise, both
as to action in the Indemnitee’s official capacity and as to action in another
capacity while holding such office, and shall continue as to the Indemnitee
after the Indemnitee has ceased to be a director, officer, employee or agent of
the Company or as otherwise set forth in this Agreement and shall inure to the
benefit of the Indemnitee’s heirs, executors, administrators, conservators and
guardians.

     Section 4. D&O Insurance.

          (a) The Company hereby represents and warrants that Exhibit A contains a
complete and accurate description of the policies of directors’ and officers’
liability insurance purchased by the Company and that such policies are in full
force and effect.

          (b) The Company hereby covenants and agrees that, so long as Indemnitee
shall continue to serve as a director (including, without limitation, as a
member of any committee of the Board of Directors) of the Company, any
predecessor of the Company or any subsidiary of the Company, or is or was
serving at the request of the Company as a director or officer of another
corporation, partnership, joint venture, trust, or other enterprise, including
service with respect to an employee benefit plan, and thereafter so long as
Indemnitee shall be subject to any possible, threatened, pending or completed
Proceeding arising out of, relating to, based upon, in connection with or due
to the fact that Indemnitee was a director (including, without limitation, a
member of any committee of the Board of Directors) of the Company, any
predecessor of the Company or any subsidiary of the Company, or is or was
serving at the request of the Company as a director or officer of another
corporation, partnership, joint venture, trust, or other enterprise, including
service with respect to an employee benefit plan, the Company shall maintain in
full force and effect the directors’ and officers’ liability insurance issued
by the insurer(s), and having the policy number(s), amount(s) and deductible(s)
set forth on Exhibit A hereto and any replacement or substitute policies issued
by one or more reputable insurers providing in all respects coverage at least
comparable to and in the same amount as that provided under the policy or
policies identified on Exhibit A (“D&O Insurance”).

          (c) In all policies of D&O Insurance, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits,
subject to the same limitations, as are accorded to the Company’s directors or
officers most favorably insured by such policy. The Company shall notify
Indemnitee in writing when this has occurred.

3

 

     Section 5. Settlement. The Company shall not settle any Proceeding in any
manner which would impose any fine or any obligation on the Indemnitee without
the Indemnitee’s prior written consent. The Indemnitee shall not unreasonably
withhold his consent to any proposed settlement.

     Section 6. Severability. In the event that any provision of this Agreement
is determined by a court to require the Company to do or to fail to do an act
which is in violation of applicable law, such provision shall be limited or
modified in its application to the minimum extent necessary to avoid a
violation of law, and, as so limited or modified, such provision and the
balance of this Agreement shall be enforceable in accordance with their terms.

     Section 7. Choice of Law. This Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Delaware.

     Section 8. Successor and Assigns. This Agreement shall be (i) binding upon
all successors and assigns of the Company (including any transferee of all or
substantially all of its assets and successor by merger or otherwise by
operation of law) and (ii) shall be binding on and inure to the benefit of the
heirs, executors, administrators, conservators and guardians of Indemnitee.

     Section 9. Amendment. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless made in a writing
signed by each of the parties hereto.

     Section 10. Waiver of Jury Trial. The Company and the Indemnitee hereby
waive any rights either may have to trial by jury in respect of any litigation
arising out of, relating to, based upon or in connection with this Agreement.

     Section 11. Limitation of Liability. The Indemnitee shall not be
personally liable to the Corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director; provided, however, that the
foregoing shall not eliminate or limit the liability of the Indemnitee (i) for
any breach of the Indemnitee’s duty of loyalty to the Corporation or its
stockholders; (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of the law; (iii) under Section
174 of the General Corporation Law of the State of Delaware; or (iv) for any
transaction from which the Indemnitee derived an improper personal benefit. If
the General Corporation Law of the State of Delaware shall be amended to permit
further elimination or limitation of the personal liability of directors, then
the liability of the Indemnitee shall, automatically, without any further
action, be eliminated or limited to the fullest extent permitted by the General
Corporation Law of the State of Delaware as so amended.

4

 

          IN WITNESS WHEREOF, the Company and the Indemnitee have executed this
Indemnification Agreement in duplicate as of the day and year first set forth
above.

	 	 	 	 	 
	 	 	 	 	CAPITALSOURCE INC.

	 	 	
By:
	 	 
	 	 	 	 	

	 	 	 	 	Name:
	 	 	 	 	Title:

	  	 	 	 	INDEMNITEE

	 	 	 	 	

	 	 	 	 	Name:

5exv10w5

 

EXHIBIT 10.5

Introductory Note

     CapitalSource Inc. has entered into indemnification agreements in the form
attached hereto with the following employee directors as of the respective
dates listed opposite the name of the employee director:

	 	 	 	 	 
	Officer	 	
Date of Indemnification Agreement
	
	 	

	 	John K. Delaney	 	 	
August 1, 2003
	 	Jason M. Fish	 	 	
August 1, 2003

     Copies of the above agreements will be provided to the SEC upon request.

 

 

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into
as of August 1, 2003, by and between CapitalSource Inc., a Delaware corporation
(the “Company”), and the undersigned (the “Indemnitee”).

     WHEREAS, the Indemnitee has agreed to serve as a director on the Board of
Directors (the “Board”) of the Company and as an executive officer of the
Company.

     WHEREAS, in order to induce Indemnitee to serve on the Board and as an
executive officer of the Company, the Company wishes to grant and secure to
Indemnitee as permitted by 8 Del. C. § 145(f) indemnification and advancement
rights to the fullest extent permitted by Delaware law as the same exists or
may hereafter be revised, whether or not expressly provided for in the
Company’s Amended and Restated Bylaws or other provisions of the General
Corporation Law of the State of Delaware (the “DGCL”).

     NOW,
THEREFORE, in consideration of the Indemnitee’s agreement to serve on
the Board and as an executive officer of the Company including, without
limitation, as a member of any committee thereof, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company agrees as follows:

     Section 1. Indemnification and Advancement Expenses.

          (a) If the Indemnitee is made a party or is threatened to be made a party
to or is otherwise involved, whether or not a party thereto, in any possible,
threatened, pending or completed action, suit, demand, arbitration, or
proceeding, whether civil, criminal, administrative or investigative
(hereinafter a “Proceeding”) or otherwise incurs, suffers, sustains or becomes
subject to any expense, liability, damage, costs, obligations, penalties,
claims or losses (including, without limitation, attorneys’ fees and expenses,
judgments, fines, Employee Retirement and Income Security Act excise taxes or
penalties and amounts paid or to be paid in settlement) (collectively,
“Losses”), arising out of, relating to, based upon, in connection with or due
to the fact that the Indemnitee is or was serving as a director and/or as an
executive officer (including, without limitation, as a member of any committee
of the Board of Directors) of the Company, any predecessor of the Company or
any subsidiary of the Company, or is or was serving at the request of the
Company as a director or officer of another corporation, partnership, joint
venture, trust, or other enterprise, including service with respect to an
employee benefit plan, the Indemnitee shall be indemnified and held harmless by
the Company to the fullest extent permitted by Delaware law against all Losses
incurred, suffered or sustained by the Indemnitee or to which the Indemnitee
became subject in connection with such service, except with respect to
indemnification for liability arising from a Proceeding initiated by the
Indemnitee against the Company (other than as

 

 

described in Section 2) and unauthorized by the Board, and such indemnification
shall continue as to the Indemnitee after the Indemnitee has ceased to serve as
a member of the Board, as an executive officer or in such other position as set
forth above, and shall inure to the benefit of the Indemnitee’s heirs,
executors, administrators, conservators and guardians.

          (b) The rights conferred upon the Indemnitee by this Agreement shall
include the right to be paid or reimbursed by the Company for any Losses from
time to time incurred, suffered or sustained by the Indemnitee or to which the
Indemnitee became subject in connection with such service, including, without
limitation, the expenses incurred in defending or otherwise being involved in
any such Proceeding or other action in advance of its final disposition
(hereinafter an “Advancement of Expenses”); provided, however, that if and only
if the DGCL so requires, such Advancement of Expense shall be made only upon
delivery to the Company of an undertaking (hereinafter an “Undertaking”), by or
on behalf of the Indemnitee, to repay all amounts so advanced if it shall
ultimately be determined by a final judicial decision from which there is no
further right to appeal (hereinafter a “Final Adjudication”), that the
Indemnitee is not entitled to be indemnified for such Losses under the DGCL.

     Section 2. Right of Indemnitee to Enforce Indemnification and Advancement
Obligations. If a claim under either (a) Section 1(a) of this Agreement with
respect to any right to indemnification is not paid in full by the Company
within sixty (60) days after a written claim for indemnification has been
received by the Company, or (b) Section 1(b) of this Agreement with respect to
any right to the Advancement of Expenses is not paid in full by the Company
within twenty (20) days after a written claim for Advancement of Expenses is
received by the Company, then the Indemnitee shall be entitled at any time
thereafter to bring suit against the Company to recover the unpaid amount of
any such claim. If successful in whole or in part in any such suit, the
Indemnitee shall be entitled additionally to be paid, and to seek as an award
in connection with any such suit, the cost and expenses (including attorneys’
fees) incurred by Indemnitee in prosecuting such suit. Neither the failure of
the Company (including its Board of Directors, independent legal counsel, or
its stockholders) to have made a determination prior to the commencement of
such suit that indemnification of the Indemnitee is proper in the circumstances
because the Indemnitee has met any applicable standard of conduct set forth in
Delaware Law, nor an actual determination by the Company (including its Board
of Directors, independent legal counsel, or its stockholders) that the
Indemnitee has not met any such applicable standard of conduct, shall be a
defense to the suit or create a presumption for purposes thereof that the
Indemnitee has not met any applicable standard of conduct.

     In any suit brought by the Indemnitee seeking to enforce a right to
indemnification or to an Advancement of Expenses under this Agreement, the

2

 

burden shall be on the Company to prove that the Indemnitee is not entitled to
be indemnified or to such Advancement of Expenses under this Agreement.

     Section 3. Rights Not Exclusive. The rights provided hereunder shall not
be deemed exclusive of any other right to which the Indemnitee may be entitled
or hereafter may acquire under any statute, provision of the Company’s Amended
and Restated Certificate of Incorporation or Amended and Restated Bylaws,
agreement, vote of stockholders or disinterested directors or otherwise, both
as to action in the Indemnitee’s official capacity and as to action in another
capacity while holding such office, and shall continue as to the Indemnitee
after the Indemnitee has ceased to be a director, officer, employee or agent of
the Company or as otherwise set forth in this Agreement and shall inure to the
benefit of the Indemnitee’s heirs, executors, administrators, conservators and
guardians.

     Section 4. D&O Insurance.

          (a) The Company hereby represents and warrants that Exhibit A contains a
complete and accurate description of the policies of directors’ and officers’
liability insurance purchased by the Company and that such policies are in full
force and effect.

          (b) The Company hereby covenants and agrees that, so long as Indemnitee
shall continue to serve as a director and/or as an executive officer
(including, without limitation, as a member of any committee of the Board of
Directors) of the Company, any predecessor of the Company or any subsidiary of
the Company, or is or was serving at the request of the Company as a director
or officer of another corporation, partnership, joint venture, trust, or other
enterprise, including service with respect to an employee benefit plan, and
thereafter so long as Indemnitee shall be subject to any possible, threatened,
pending or completed Proceeding arising out of, relating to, based upon, in
connection with or due to the fact that Indemnitee was a director and/or an
executive officer (including, without limitation, a member of any committee of
the Board of Directors) of the Company, any predecessor of the Company or any
subsidiary of the Company, or is or was serving at the request of the Company
as a director or officer of another corporation, partnership, joint venture,
trust, or other enterprise, including service with respect to an employee
benefit plan, the Company shall maintain in full force and effect the
directors’ and officers’ liability insurance issued by the insurer(s), and
having the policy number(s), amount(s) and deductible(s) set forth on Exhibit A
hereto and any replacement or substitute policies issued by one or more
reputable insurers providing in all respects coverage at least comparable to
and in the same amount as that provided under the policy or policies identified
on Exhibit A (“D&O Insurance”).

          (c) In all policies of D&O Insurance, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits,

3

 

subject to the same limitations, as are accorded to the Company’s directors or
officers most favorably insured by such policy. The Company shall notify
Indemnitee in writing when this has occurred.

     Section 5. Settlement. The Company shall not settle any Proceeding in any
manner which would impose any fine or any obligation on the Indemnitee without
the Indemnitee’s prior written consent. The Indemnitee shall not unreasonably
withhold his consent to any proposed settlement.

     Section 6. Severability. In the event that any provision of this Agreement
is determined by a court to require the Company to do or to fail to do an act
which is in violation of applicable law, such provision shall be limited or
modified in its application to the minimum extent necessary to avoid a
violation of law, and, as so limited or modified, such provision and the
balance of this Agreement shall be enforceable in accordance with their terms.

     Section 7. Choice of Law. This Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Delaware.

     Section 8. Successor and Assigns. This Agreement shall be (i) binding upon
all successors and assigns of the Company (including any transferee of all or
substantially all of its assets and successor by merger or otherwise by
operation of law) and (ii) shall be binding on and inure to the benefit of the
heirs, executors, administrators, conservators and guardians of Indemnitee.

     Section 9. Amendment. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless made in a writing
signed by each of the parties hereto.

     Section 10. Waiver of Jury Trial. The Company and the Indemnitee hereby
waive any rights either may have to trial by jury in respect of any litigation
arising out of, relating to, based upon or in connection with this Agreement.

     Section 11. Limitation of Liability. The Indemnitee shall not be
personally liable to the Corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director; provided, however, that the
foregoing shall not eliminate or limit the liability of the Indemnitee (i) for
any breach of the Indemnitee’s duty of loyalty to the Corporation or its
stockholders; (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of the law; (iii) under Section
174 of the General Corporation Law of the State of Delaware; or (iv) for any
transaction from which the Indemnitee derived an improper personal benefit. If
the General Corporation Law of the State of Delaware shall be amended to permit
further elimination or limitation of the personal liability of directors, then
the liability of the Indemnitee shall, automatically, without any

4

 

further action, be eliminated or limited to the fullest extent permitted
by the General Corporation Law of the State of Delaware as so amended.

[SIGNATURE PAGE FOLLOWS]

5

 

          IN
WITNESS WHEREOF, the Company and the Indemnitee have executed this
Indemnification Agreement in duplicate as of the day and year first set forth
above.

	 	 	 
	 	 	
CAPITALSOURCE INC.

	By:	 	

	 	 	
Name:
	 	 	
Title:

	 	 	
INDEMNITEE

	 	 	

	 	 	
Name:

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]