Document:

Employment Agreement

 EXHIBIT 10.5 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement (this “Agreement”) is made effective as of January 15, 2003, by and between AMERICAN VANGUARD CORPORATION, a Delaware
corporation (referred to herein as “American Vanguard”) and ERIC G. WINTEMUTE (referred to herein as “Executive”). 
  
 NOW, THEREFORE, in consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows: 
  
 1. Statement of Work. 
  
 (a)
Executive is engaged as President and Chief Executive Officer of American Vanguard and its wholly-owned subsidiary AMVAC Chemical Corporation and agrees to perform such duties, services and responsibilities as are consistent with such positions.
Executive’s duties, services and responsibilities will be determined by American Vanguard’s Board of Directors (the “Board of Directors”) and will be performed under the overall supervision of, and consistent with, the policies
of the Board of Directors. American Vanguard hereby agrees to employ Executive and Executive hereby accepts employment upon the terms and conditions set forth herein. 
  
 (b) Executive shall do his utmost to further enhance and develop the best interests and welfare of American
Vanguard. Executive shall perform no acts contrary to the best interests of American Vanguard and American Vanguard shall be entitled to all of the benefits, profits or other results arising from or incident to all work, services and advice of
Executive. 
  
 (c) Executive agrees to fully
comply with reasonable rules and procedures as may be promulgated by American Vanguard in its sole and absolute discretion. 
  
 2. Period of Employment. 
  
 (a) Term. The term of this Agreement (the “Term”) shall commence on January 15, 2003 (the “Effective Date”) and
shall continue through December 31, 2007 (the “Expiration Date”), unless earlier terminated pursuant to Section 2(b). 
  
 (b) Early Termination. Notwithstanding the provisions of paragraph 2(a), American Vanguard may terminate this Agreement prior to
the Expiration Date in accordance with the provisions of Section 6. 
  
 (c) Policies. American Vanguard shall advise Executive of its general corporate policies and procedures as to travel, entertainment and other expenses, and accounting and internal controls, and Executive shall
comply with such policies and procedures. If there are any inconsistencies between the terms of this Agreement and American Vanguard’s stated policies and procedures the terms of this Agreement will prevail. 
  
 3. Cash Compensation. From the Effective Date through January 15,
2004, Executive’s annual base salary shall be Four Hundred and Thirty Five Thousand Dollars ($435,000.00). Beginning January 15, 2004, Executive’s salary will be Four Hundred and Thirty Five Thousand Dollars ($435,000.00) plus a percentage
increase equal to the percentage increase in the Consumer Price Index – All Urban Consumers – Los Angeles – Anaheim – Riverside (1982-84=100) (hereinafter referred to as “CPI”) for calendar year 2003. For each year
thereafter, the annual base salary will be the previous year’s base salary plus a percentage increase equal to the percentage increase in the CPI for the previous year. Executive’s annual base salary shall be payable in accordance with the
Company’s then existing standard payroll schedule, policies and procedures. 
  
 Notwithstanding the foregoing, the Board of Directors retains the right, in its sole and absolute discretion, to award salary increases to Executive in excess of the designated minimum. 
  

 1 

 4. Incentive Compensation. Executive will receive at the end of each year of employment a bonus in
the amount determined by the Board of Directors in its sole and absolute discretion. Executive will be eligible to receive a bonus based upon Executive’s performance against reasonable qualitative and quantitative benchmarks to be established
by American Vanguard in its sole discretion. 
  
 5. Fringe
Benefits. In addition to reimbursable expenses allowable under Section 2(c) above, during the Term, American Vanguard will offer certain employment-related benefits to Executive as follows: 
  
 (a) In addition to the payment of salary as described above,
during the Term, Executive shall be entitled to all rights and benefits for which Executive may be eligible under any bonus, participation or additional compensation plans, pension or profit-sharing plans, group life, medical, health, dental and/or
disability insurance or other benefits American Vanguard may, in its sole discretion, provide for Executive or its employees generally. 
  
 (b) During the Term, Executive shall be entitled to four business weeks of vacation time each year without loss of compensation. In the
event that Executive is unable to take the total amount of vacation time authorized herein during any year, he shall be deemed to have waived the entitlement for that year. 
  
 (c) Executive will be provided a car allowance of $1,500 per month. 
  
 (d) If Executive should die during the Term, American
Vanguard agrees to pay the designated beneficiary any amounts (including salary) and continue any benefits due Executive under this Agreement for a period of twelve (12) months after the date of death. 
  
 (e) Executive shall be entitled to be reimbursed for up to
$25,000 per calendar year for expenses relating to financial and estate planning, physical exams at major medical centers, cell phone charges, private club dues and expenses and boat expenses. 
  
 6. Termination for Certain Causes. 
  
 (a) Termination for Cause. Executive may be
terminated for cause (as defined in this Section 6(a)) at any time, without prior notice. For these purposes, cause for termination by American Vanguard will include a determination by American Vanguard, acting in good faith based upon actual
knowledge at such time, that Executive (i) is or has engaged in a willful or grossly negligent failure to perform duties as an Executive or officer of American Vanguard (other than as a result of incapacity due to disability), (ii) has committed an
act of dishonesty, gross carelessness, or other misconduct in connection with his duties under this Agreement, (iii) has committed any act or series of acts without the Board of Directors’ consent which would likely have a direct, substantial
and adverse effect on American Vanguard, its business or reputation, (iv) has engaged in habitual misuse of alcohol or any non-prescription drug or intoxicant which has adversely effected the performance of his duties under this Agreement, or (v)
conviction in a criminal proceeding against Executive involving a felony (collectively “Cause”). In the event of termination of Executive’s employment for Cause, all rights of Executive (and his spouse and children) under Section 3, 4
and 5 shall cease as of the date of such termination. If termination is “for cause” under this section, the Board of Directors shall, within seven days of such termination provide written notice to Executive of all contractual basis for
such termination, and a general statement of the facts allegedly supporting such termination for cause. 
  
 (b) Termination Due to Death or Disability. If Executive, due to physical or mental disability or incapacity, is unable
substantially to perform his duties hereunder, American Vanguard, at its sole discretion, shall have the right to terminate Executive’s employment hereunder on thirty (30) days’ prior written notice. If Executive is able to and recommences
rendering services and performing his duties hereunder within such thirty (30)-day notice period, such notice shall be vitiated. In addition, in the event of Executive’s death or disability, Executive or his personal representatives shall be
entitled to receive all earned but unpaid compensation through the date of termination of Executive’s employment (on a prorated basis). In addition, in the event of Executive’s death or disability, Executive of his personal representatives
shall be entitled to receive all earned but unpaid compensation up to and including the date of termination of 

  

 2 

 
Executive’s employment and one full year thereafter. Nothing in this section shall affect or offset employee’s right to receive payment pursuant to
a disability insurance policy or state/federal disability payments. The Company further agrees that as a part of Executive’s compensation hereunder, it shall continue to provide for the term of this Agreement, for Executive’s benefit a
disability insurance policy at least equal to that coverage currently in place. 
  
 (c) Termination Without Cause. If American Vanguard terminates Executive’s employment without Cause, and not as a result of
Executive’s death or disability pursuant to Section 6(b), American Vanguard shall pay Executive an amount equal to Executive’s current annual base salary or the base salary due for the balance of the Agreement, whichever is higher, as set
forth in Section 3, for the remaining term of this Agreement in accordance with American Vanguard’s then existing standard payroll schedule, policies and procedures. 
  
 7. Withholdings. American Vanguard shall deduct and withhold from the compensation payable to Executive hereunder any
and all applicable federal, state and local income and employment withholding taxes and any other amounts required to be deducted or withheld by American Vanguard under applicable statutes, regulations, ordinances or orders governing or requiring
the withholding or deduction of amounts otherwise payable as compensation or wages to Executive. 
  
 8. Disclosures and Assignment of Rights. Executive hereby agrees to promptly disclose to American Vanguard, and Executive hereby, without further
compensation, agrees to assign and assigns to American Vanguard or its designee, Executive’s entire right, title, and interest in and to all designs, trademarks, logos, business plans, business models, business names, economic projections,
product innovations, discoveries, formulae, processes, manufacturing techniques, trade secrets, customer lists, supplier lists, inventions, research, improvements, ideas, patents, service marks, and copyrightable works (collectively,
“Inventions”), including all rights to obtain, register, perfect, and enforce these Inventions, which relate to Executive’s work during the period of Executive’s employment with American Vanguard, whether or not during normal
working hours, or which are aided by the use of American Vanguard’s experience, time, material, equipment, or facilities. It is further understood that no rights are hereby conveyed in inventions, if any, made by Executive prior to
Executive’s employment with American Vanguard. 
  
 9.
California Labor Code. Executive understands that California Labor Code Section 2870 provides: 
  
 (a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his rights in an
invention to his employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that
either: 
  
 (1) Relate at the time of conception
or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or 
  
 (2) Result from any work performed by the employee for the employer. 
  
 (b) To the extent that a provision in an employment agreement purports to require an employee to assign an
invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 
  
 10. Notification Pursuant To Labor Code § 2872. Executive understands, and hereby acknowledges having received
notice, that this Agreement does not apply to an invention which qualifies fully under the provisions of Labor Code § 2780, which is set forth in Section 9 of this Agreement. 
  
 11. Assistance. Executive agrees to perform, during and after Executive’s employment, all acts deemed necessary
or desirable by American Vanguard to permit and assist it, at its expense, including execution of documents and assistance or cooperation in legal proceedings, in obtaining and enforcing the full benefits, enjoyments, rights, and title in the items
assigned to American Vanguard as set forth in Section 8 above. 
  

 3 

 12. Conflicts of Interest. Executive recognizes that Executive owes a primary and fiduciary duty
to American Vanguard and that Executive shall not have any interest, financial or otherwise, direct or indirect, or engage in any business or transaction of any nature, which is in conflict with the proper and faithful discharge of Executive’s
duties as an employee of American Vanguard. Without limiting the generality of the foregoing, Executive agrees that Executive will not, while employed by American Vanguard, directly or indirectly: 
  
 (a) Be employed by or receive any compensation from, a
customer, supplier or competitor of American Vanguard; or 
  
 (b) Have any ownership or financial interest of any nature in a customer, supplier or competitor of American Vanguard, except where such ownership is stock in a corporation and consists of less than one percent (1%)
of the outstanding capital stock of such customer, supplier or competitor and where such stock is publicly held and listed on a recognized stock exchange or actively traded in the over-the-counter market except with Board of Director approval; or

  
 (c) Have or participate in any dealings on
behalf of American Vanguard with a customer or supplier that employs, or more than five percent (5%) of whose ownership interest is beneficially held by, Executive’s spouse or any brother, sister, parent, child or grandchild of Executive or
Executive’s spouse, or any person living in Executive’s household or the spouse of any of the foregoing persons except with Board of Director approval; or 
  
 (d) Engage or participate in any activity, business enterprise, business opportunity, employment,
occupation, consulting, or other business activity which American Vanguard shall determine in good faith to be, or reasonably planned to be, in competition with American Vanguard or to interfere with Executive’s duties as an employee of
American Vanguard; or 
  
 (e) Solicit, accept or
receive any gift having a value of Two Hundred Dollars ($200.00) or more, whether in the form of money, service, loan, hospitality (except for ordinary business meals), thing or promise, or in any other form, under circumstances in which it could
reasonably be inferred that the gift was intended to influence Executive, in the performance of Executive’s duties on behalf of American Vanguard, or was intended as a reward for any action on Executive’s part on behalf of American
Vanguard, unless such fact or activity is fully disclosed in writing to and discussed by the Board of Directors and the Board of Directors approves (and/or ratifies), in writing, of such fact or activity. 
  
 13. Information of Others. Executive certifies and acknowledges that
Executive will not disclose or utilize in Executive’s work with American Vanguard any secret or confidential information of others (including any prior employers), or any inventions or innovations of Executive’s own which are not included
within the scope of this Agreement. 
  
 14. Confidential
Information. American Vanguard may, from time to time, provide Executive confidential information or trade secrets regarding its business methods, plan, products, pricing, customer lists, and other confidential customer information including,
but not limited to, contact names, purchasing authority(ies), product, know-how and/or customer service requirements, buying patterns, and other proprietary information. Executive agrees not to disclose or use any such confidential information
concerning American Vanguard or its customer(s) or client(s), however obtained, except in furtherance of American Vanguard’ business, and at its discretion. 
  
 Executive agrees that, in addition to those matters specified above, Executive shall not, directly or indirectly, disclose,
use, communicate, appropriate or exploit any information, whether of a business or personal nature, of and pertaining to American Vanguard. All information referred to herein is proprietary to American Vanguard and Executive agrees not to
disseminate any of the information. Executive shall not speak with or write to the press for the purpose of divulging or disclosing confidential information learned in the context of his employment, including, without limitation, information by,
about or concerning American Vanguard, its respective advisors, representatives, independent contractors, employees, vendors, attorneys, friends, agents and licensees. 
  

 4 

 Executive recognizes and acknowledges that a breach of this Agreement including its covenants, could not
reasonably be compensated in damages in an action at law and that American Vanguard shall be entitled to injunctive relief obtainable in a court of competent jurisdiction, which may include but shall not be limited to restraining Executive from
rendering any service which would breach this Agreement. However, no remedy conferred by any of the specific provisions of this Agreement (including this Paragraph) is intended to be exclusive of any other remedy, and each and every remedy shall be
cumulative and in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute or otherwise. The election of any one or more remedies by American Vanguard shall not constitute a waiver of
the right to pursue other available remedies. These obligations shall survive the termination of Executive’s employment. 
  
 15. Non-Raiding. Executive will not, either during Executive’s employment or for a period of one (1) year thereafter, either directly or
indirectly, hire, solicit, induce or attempt to induce or encourage any of American Vanguard’ employees to leave their employment. 
  
 16. Return of Property. Executive agrees that upon request by American Vanguard, and in any event upon termination of employment, Executive shall
turn over to American Vanguard all documents, papers or other material in Executive’s possession or under his control which may contain or be derived from confidential information, together with all documents, notes or other work product which
is connected with or derived from Executive’s services to American Vanguard, whether or not such material is at the date hereof in Executive’s possession. 
  
 17. Enforceability. Should any provision or covenant of this Agreement prove to be invalid or unenforceable, the
remaining provisions and covenants hereof shall remain in full force and effect. This Agreement (a) survives Executive’s employment by American Vanguard (except that Sections 1, 2, 3, 4 and 5 shall terminate upon termination of Executive’s
employment), (b) does not in any way restrict Executive’s right or the right of American Vanguard to terminate Executive’s employment, (c) inures to the benefit of successors and assigns of American Vanguard, and (d) is binding upon
Executive’s heirs and legal representatives. 
  
 18.
Entire Agreement. This Agreement supersedes all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive by American Vanguard and contains all of the covenants and agreements between
the parties with respect to such employment. Each party acknowledges that no representations, inducements, promises or agreements, orally or otherwise, have been made by either party, or anyone acting on behalf of either party, that are not embodied
in this Agreement and that no other agreement, statement or promise shall be valid or binding. Should any of the terms or conditions of this Agreement conflict with any of the terms and conditions of any of American Vanguard’s Employee Handbook
or Manuals, the terms and conditions of this Agreement as to Executive shall govern and control. This Agreement may not be modified or amended unless in writing and signed by both the Board of Directors and Executive. 
  
 19. Interpretation. The waiver by American Vanguard of any breach of
any provision herein shall not be binding upon American Vanguard unless in writing signed by the Board of Directors, and shall not constitute a continuing waiver or a waiver of any subsequent breach by Executive. No course of conduct or failure or
delay in enforcing any provision of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. This Agreement shall be governed by the laws of the State of California. In addition, this Agreement shall be binding
upon each party’s heirs, successors, representatives, administrators and assigns. Any provision of this Agreement which creates an obligation of Executive to perform or honor certain covenants or obligations shall survive the dismissal or
termination of his employment. 
  
 20. Construction. The
language in all parts of this Agreement shall in all cases be construed simply, according to its fair meaning, and not strictly for or against any of the parties hereto. Without limitation, there shall be no presumption against any party on the
ground that such party was responsible for drafting this Agreement or any part thereof. 
  
  

 5 

 21. Arbitration. Except a provided in this Section, any and all disputes between Executive and
American Vanguard that arise out of Executive’s employment, including disputes involving the terms of this Agreement, shall be resolved through final and binding arbitration to be conducted in Orange County, California. This shall include,
without limitation, disputes relating to this Agreement, Executive’s employment by American Vanguard or the termination thereof, claims for breach of contract or breach of the covenant of good faith and fair dealing, and any claims of
discrimination or other claims under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the California Fair Employment and Housing Act, or any other federal, state or local law
or regulation now in existence or hereinafter enacted and as amended from time to time concerning in any way the subject of Executive’s employment with American Vanguard or his termination. The only claims not covered by this Section are
claims for equitable relief for violation of Section 8, 11, 12, 13, 14, 15, and/or 16 of this Agreement and claims for benefits under the workers’ compensation or unemployment insurance laws, which will be resolved pursuant to those laws.
Notices of requests to arbitrate a covered claim must be made within the applicable statute of limitations. Binding arbitration will be conducted in Orange County, California in accordance with the rules and regulations of the American Arbitration
Association (“AAA”). Discovery may be carried out under the supervision of the arbitrator appointed pursuant to the rules of the AAA. Executive will be responsible for paying the same fee to initiate the arbitration that he or she would
pay to file a civil lawsuit. American Vanguard will pay any remaining cost of the arbitration filing and hearing fees, including the cost of the arbitrator. The arbitrator will have authority to award attorneys’ fees to the prevailing party.

  
 22. Attorneys’ Fees. In the event that an action
or proceeding is brought to enforce this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs from the non-prevailing party. 
  
 23. Headings. The headings contained herein are solely for the purpose of reference, are not part of this Agreement
and shall not in any way affect the meaning or interpretation of this Agreement. 
  
 24. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 

 
 [Signature Page Follows] 
  
  

 6 

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

  

							
	AMERICAN VANGUARD CORPORATION, a Delaware corporation:	 	 	  	ERIC G. WINTEMUTE:
				
	By:	  	/S/    CARL SODERLIND         	 	 	  	/S/    ERIC G. WINTEMUTE        
	 	  	 Carl Soderlind for
 the Compensation Committee
	 	 	  	 Eric G. Wintemute

  
  

 7Form of Indemnification Agreement

 
EXHIBIT 10.7 
  
 INDEMNIFICATION AGREEMENT 
  
 This Indemnification Agreement (“Agreement”) by and between American Vanguard Corporation, a Delaware corporation (the “Company”),
and                         (“Indemnitee”) and is effective as of the first day of Indemnitee’s service as
a director of the Company. 
  
 WHEREAS, the Company desires to
attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company and, in part, in order to induce Indemnitee to continue to provide services to the Company, the Company wishes to provide for the
indemnification and advancement of expenses to Indemnitee to the maximum extent permitted by law; and 
  
 WHEREAS, in view of the considerations set forth above, the Company desires that Indemnitee shall be indemnified by the Company as set forth herein.

  
 NOW, THEREFORE, the Company and Indemnitee hereby agrees as
follows: 
  
 1. Indemnification. 
  
 a. Indemnification of Expenses. The Company shall indemnify
Indemnitee to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any threatened, pending or completed
action, suit, proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative dispute
resolution mechanism, whether civil, criminal, administrative, investigative or other (a “Claim”) by reason of (or arising in part out of) any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee,
agent or fiduciary of the Company, or any subsidiary of the Company (regardless of whether it was a subsidiary of the Company at the time of the event giving rise to the Claim), or is or was serving at the request of the Company as a director,
officer, employee, agent or fiduciary of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity (an
“Indemnifiable Event”) against any and all expenses (including attorneys’ fees and all other costs, expenses and obligations incurred in connection with investigating, defending, being a witness in or participating in (including on
appeal), or preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such
settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) of such Claim and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments
under this Agreement (collectively, “Expenses”), including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be made by the Company as soon as
practicable but in any event no later than five (5) days after written demand by Indemnitee therefor is presented to the Company. 
  
 b. Reviewing Party. Notwithstanding the foregoing: (i) the obligations of the Company under Section 1(a) hereof shall be subject to the condition
that the Reviewing Party (as described in Section 10(e) hereof) shall not have determined (in a written opinion, in any case in which the Independent Legal Counsel referred to in Section 1(c) hereof is involved) that Indemnitee would not be
permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an advance payment of Expenses to Indemnitee pursuant to Section 2(a) hereof (an “Expense Advance”) shall be subject to the condition that,
if, when and to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed 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 

  

 1 

 
Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party 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 Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been
exhausted or lapsed). Indemnitee’s obligation to reimburse the Company for any Expense Advance shall be unsecured and no interest shall be charged thereon. If there has not been a Change in Control (as defined in Section 10(c) hereof), the
Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control (other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately
prior to such Change in Control), the Reviewing Party shall be the Independent Legal Counsel referred to in Section 1(c) hereof. If there has been no determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee
substantively would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any such determination by the
Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive
and binding on the Company and Indemnitee. 
  
 c. Change in
Control. The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in
Control) then with respect to all matters thereafter arising concerning the rights of Indemnitee to payments of Expense and Expense Advances under this Agreement or any other agreement or under the Company’s Certificate of Incorporation or
Bylaws as now or hereafter in effect, Independent Legal Counsel (as defined in Section 10(d) hereof) shall be selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things,
shall render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the
reasonable fees of the Independent Legal Counsel referred to above and to fully indemnify such counsel against any and all expenses (including attorney’s fees), claims, liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto. 
  
 d. Mandatory Payment of
Expenses. Notwithstanding any other provision of this Agreement other than Section 9 hereof, to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action without
prejudice, in defense of any action, suit, proceeding, inquiry or investigation referred to in Section 1(a) hereof or in the defense of any claim, issue or matter therein, Indemnitee shall be indemnified against all Expenses incurred by Indemnitee
in connection therewith. 
  
 2. Expenses: Indemnification
Procedure. 
  
 a. Advancement of Expenses. The Company
shall advance all Expenses incurred by Indemnitee. The advances to be made hereunder shall be paid by the Company to Indemnitee as soon as practicable but in any event no later than five (5) days after written demand by Indemnitee therefor to the
Company. 
  
 b. Notice/Cooperation by Indemnitee.
Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any Claim made against Indemnitee for which indemnification will or could be
sought under this Agreement. Notice to the Company shall be directed to the Chief Executive Officer (provided that if the Chief Executive Officer is the Indemnitee, then such notice shall be given to the Chief Financial Officer) pursuant to Section
15 hereof. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee’s power. 
  
 c. No Presumptions, Burden of Proof. For purposes of this Agreement, the termination of any Claim by judgment, order,
settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or
that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether 

  

 2 

 
Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that Indemnitee has
not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under applicable law, shall be a defense to
Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to whether the
Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on the Company to establish that Indemnitee is not so entitled. 
  
 d. Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 2(b) hereof, the Company has
liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurer or insurers in accordance with the procedures set forth in the respective policies. The Company shall
thereafter take all necessary or desirable action to cause such insurer or insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or investigation in accordance with the terms of such
policy or policies. 
  
 e. Selection of Counsel. In the
event the Company shall be obligated hereunder to pay the Expenses of any Claim, the Company shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the
delivery to Indemnitee of written notice of its election so to do. 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 Claim; provided, that: (i) Indemnitee shall have the right to employ Indemnitee’s counsel in any such Claim at Indemnitee’s
expense, and (ii) if (A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company and Indemnitee in the conduct of
any such defense, or (C) the Company shall not continue to retain such counsel to defend such Claim, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall have the right to conduct such
defense as it sees fit in its sole discretion, including the right to settle any claim against Indemnitee without the consent of the Indemnitee. 
  
 3. Additional Indemnification Rights; Nonexclusivity. 
  
 a. Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification
is not specifically authorized by the other provisions of this Agreement, the Company’s Certificate of Incorporation (as now or hereafter in effect), the Company’s Bylaws (as now or hereafter in effect), or by statute. In the event of any
change after the date of this Agreement in any applicable law, statute or rule which expands the right of a corporation of the Company’s state of incorporation to indemnify a member of its board of directors or an officer, employee, agent or
fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in any applicable law, statute or rule which narrows the right of a corporation
of the Company’s state of incorporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement,
shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 8(a) hereof. 
  
 b. Nonexclusivity. The indemnification provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under the
Company’s Certificate of Incorporation (as now or hereafter in effect), its Bylaws (as now or hereafter in effect), any agreement, any vote of stockholders or disinterested directors, the laws of the Company’s state of incorporation, or
otherwise. The indemnification provided under this Agreement shall continue as to Indemnitee for any action Indemnitee took or did not take while serving as provided in Section 1(a) hereof even though Indemnitee may have ceased to serve in such
capacity. 
  

 3 

 4. No Duplication of Payments. The Company shall not be liable under this Agreement to make any
payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, Certificate of Incorporation (as now or hereafter in effect), Bylaw (as now or hereafter in
effect) or otherwise) of the amounts otherwise indemnifiable hereunder. 
  
 5. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses incurred in connection with any Claim, but not, however, for all of the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 
  
 6. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, Federal laws or applicable public policy may
prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake
with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s rights under public policy to indemnify Indemnitee. 
  
 7. Liability Insurance. To the extent the Company maintains liability
insurance applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the
Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director; or the Company’s key employees, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee,
agent or fiduciary. 
  
 8. Exceptions. Any other provision
herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 
  
 a. Excluded Action or Omissions. To indemnify Indemnitee for Indemnitee’s acts, omissions or transactions from which Indemnitee may not be
relieved of liability under applicable law. 
  
 b. Claims
Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, except: (i) with respect to proceedings brought to establish or enforce a
right to indemnification under this Agreement or any other agreement or insurance policy or under the Company’s Certificate of Incorporation or Bylaws now or hereafter in effect relating to Claims for Indemnifiable Events, (ii) in specific
cases if the Board of Directors has approved the initiation or bringing of such suit, or (iii) as otherwise required under the laws of the Company’s state of incorporation, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, advance expense payment or insurance recovery, as the case may be. 
  
 c. Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding instituted by Indemnitee
to enforce or interpret this Agreement, if a court of competent jurisdiction by final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) determines that each of the material assertions made by the
Indemnitee in such proceeding was not made in good faith or was frivolous; or 
  
 d. Claims Under Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or any similar successor statute. 
  
 9. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against
Indemnitee, Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of two (2) years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such
shorter period shall govern. 
  

 4 

 10. Definitions; Construction of Certain Phrases. 
  
 a. For purposes of this Agreement, references to the “Company”
shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, employees, agents or fiduciaries, so that if Indemnitee is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary or another corporation,
partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued. 
  
 b. For purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect
to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such
director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the
participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 
  
 c. For purposes of this Agreement, a “Change in Control” shall be
deemed to have occurred if: (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 more than twenty percent (20%) of the total voting power represented by the Company’s then outstanding Voting Securities, (ii) during any period of two (2) consecutive years,
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 or nomination for election by the Company’s stockholders was approved by a vote of at
least two-thirds (2/3) 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 a majority thereof, or
(iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least eighty percent (80%) of the total voting power represented by the Voting Securities of the Company of such
surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction
or a series of transactions) all or substantially all of the Company’s assets. 
  
 d. For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provision of Section 1(c) hereof, who shall not have otherwise
performed services for the Company or Indemnitee within the last three (3) years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 

 
 e. For purposes of this Agreement, a “Reviewing Party” shall
mean any appropriate person or body consisting of a member or members of the Company’s Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular claim for which Indemnitee is seeking
indemnification, or Independent Legal Counsel. 
  
 f. For
purposes of this Agreement, “Voting Securities” shall mean any securities of the Company that vote generally in the election of directors. 
  

 5 

 11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
constitute an original. 
  
 12. Binding Effect; Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, 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, spouses, heirs, and personal and legal representatives. 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 assets of the Company, by written agreement in form and substance satisfactory to 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. This Agreement shall continue in effect with respect to Claims relating to Indemnifiable Events regardless of
whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary of the Company or any other enterprise at the Company’s request. 
  

13. Attorney’s Fees. In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance policy
or policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately
successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless as a part of such action, a court of competent jurisdiction over such action by final judicial determination (as to which all rights
of appeal therefrom have been exhausted or lapsed) determines that each of the materials assertions made by Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an action instituted by or in the name
of the Company under this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee in defense of such action (including costs and expenses incurred with respect
to Indemnitee’s counterclaims and cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, the court having jurisdiction over such action by final
judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) determines that each of Indemnitee’s material defenses to such action were made in bad faith or were frivolous. 
  
 14. Notice. All notices and other communications required or permitted
hereunder shall be in writing, shall be effective when given and shall in any event be deemed to be given: (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage
prepaid, (b) upon delivery, if delivered by hand, (c) one business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid, or (d) one day after the business day of delivery by facsimile transmission,
if delivered by facsimile transmission, with copy by first class mail, postage prepaid, and shall be addressed if to Indemnitee, at the Indemnitee’s address as set forth beneath Indemnitee’s signature to this Agreement and 
  

			
	If to the Company:	  	 American Vanguard Corporation
 4695 MacArthur Court,
Suite 1250
 Newport Beach, California 92660
 Attention: Chief
Executive Officer
 Facsimile: (949) 260-1215

		
	With a copy to:	  	 McDermott, Will & Emery
 18191 Von Karman Avenue,
Suite 400
 Irvine, California 92612
 Attention: John B.
Miles
 Facsimile: (949) 851-9348

  
 or at such other address as such party
may designate by ten (10) days’ advance written notice to the other party hereto. 
  

 6 

 15. Severability. The provisions of this Agreement shall be severable in the event that any of the
provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the
fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise
unenforceable that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
  
 16. Choice of Law. This Agreement shall be governed by and its provisions construed and enforced in accordance with
the laws of the State of Delaware, as applied to contracts between Delaware residents, entered into and to be performed entirely within the State of Delaware, without regard to the conflict of laws principles thereof. 
  
 17. Subrogation. In the event of 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 documents required and shall do all acts that may be necessary to secure such rights and to enable the Company
effectively to bring suit to enforce such rights. 
  
 18.
Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both 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. 
  
 19. Integration and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and supersedes and merges all
previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto. 
  
 20. No Construction as Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained
in the employ of the Company or any of its subsidiaries. 
  
 [Signatures Follow] 
  
  

 7 

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

			
	 “Company”

	
	AMERICAN VANGUARD CORPORATION, a Delaware corporation
		
	By:	 	 
		
	 	 	Name:                                     
                                        
     
		
	 	 	Title:                                     
                                        
       

  
 AGREED TO AND ACCEPTED AS OF

 THE DATE FIRST WRITTEN ABOVE: 
  
 “Indemnitee” 
  

			
		
	By:	 	 

  

			
		
	 Name:
	 	                                      
                                        
     
		
	 Title:
	 	                                      
                                        
     
		
	 	 	                                      
                                        
     
		
	 Address:
	 	                                      
                                        
     
		
	 	 	                                      
                                        
     
		
	 Facsimile:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]