Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

EMPLOYMENT AGREEMENT 
 This Employment
Agreement (“Employment Agreement”) is entered into as of October 9, 2021, by and between Quotient Limited (“Employer”) and Ali Kiboro (“Executive”) (collectively, the
“Parties”). 
  

	A.	 Employer desires assurance of the association and services of Executive in order to retain Executive’s
experience, abilities, and knowledge, and is therefore willing to engage Executive’s services on the terms and conditions set forth below. 

  

	B.	 Executive desires to be employed by Employer and is willing to do so on the terms and conditions set forth
below. 

 It is expressly agreed between the Parties that this Employment Agreement shall be subject to the competent authorities issuing
the work and residence permits required for the Executive under Swiss law. 
 In consideration of the above recitals and of the mutual promises and
conditions in this Employment Agreement, the Parties agree: 
  

	1.	 DUTIES AND AUTHORITY; OBLIGATIONS 

 

	1.1	 Duties. Employer employs Executive as its Chief Financial Officer reporting to the Chief Executive
Officer and Executive accepts such employment. Executive will perform all of the employment duties, responsibilities and job functions consistent with such a management position and such other duties and responsibilities consistent with the role of
a Chief Financial Officer of a publicly-traded multi-national corporation as deemed necessary or appropriate by the Board of Directors of the Employer (the “Board”) (collectively, the “Employment Duties”). Executive
will exercise the authority consistent with those duties and responsibilities. Such Employment Duties may require the performance of work beyond customary office hours and involve varying work period hours and working conditions.

  

	1.2	 Obligations. Executive shall at all times during the Employment Term: 

 

	 	1.2.1	 devote the whole of his working time, attention, skill, best efforts and ingenuity to the Employment Duties;

  

	 	1.2.2	 comply fully with, implement and enforce all Employer rules, regulations, policies and procedures from time to
time in force; 

  

	 	1.2.3	 perform the Employment Duties faithfully and diligently; 

 

	 	1.2.4	 follow all lawful and reasonable directions of the Board in the performance of the Employment Duties;

  

	 	1.2.5	 use best efforts to promote the interests of Employer and not do or willingly permit to be done anything that
is harmful to those interests; and 

  
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 EXECUTION VERSION 

 

	 	1.2.6	 keep the Board fully informed (in writing if so requested) of the conduct of its business and affairs and
provide such explanations as the Board may require. 

  

	2.	 EXECUTIVE’S COMPENSATION, PERQUISITES AND BENEFITS 

 

	2.1	 Compensation. During the Employment Term, Employer agrees to pay Executive a base salary at the rate of
three hundred and ninety-five thousand Swiss Francs (CHF 395,000) per annum (the “Base Compensation”). The Base Compensation will be paid in thirteen equal installments per annum, and in accordance with
Employer’s standard payroll practices. Employer will withhold from the Base Compensation all payroll taxes and other deductions required by applicable law (including, but not limited to, with respect to social security) or authorized by
Executive. The Base Compensation will be reviewed in 2023 and thereafter on an annual basis and may be increased as determined by the Board in its sole discretion. As part of such determination, the Board may take into account the average annual
inflation rate in Switzerland. The undertaking to review Executive’s Base Compensation shall not create any entitlement to an increase in base salary. Executive will not be eligible for overtime pay for work performed outside Employer’s
regular business hours. 

  

	2.2	 Benefits. During the Employment Term, Executive shall be permitted to participate in any group life,
hospitalization or disability insurance plans, retirement plans, fringe benefit programs and similar benefits that may be available to other senior executives of Employer located in Switzerland, generally on the same terms as such other executives,
in each case to the extent that Executive is eligible under the terms of such plans or programs (the “Employee Benefits”). Employer will supply a credit card to Executive to be used solely for expenses incurred in carrying out the
Employment Duties. The card must be returned by Executive to Employer immediately upon request by Employer. Employee Benefits for Executive will be provided at Employer’s expense except for any applicable premium contributions, co-pay obligations and taxes on reportable income applicable to Executive’s participation. Employer may adopt, amend, change, substitute, replace, suspend or terminate any of the Employee Benefits during the
Employment Term in its sole discretion. 

  

	2.3	 Specific Benefits. Without limiting the generality of Section 2.2, Employer shall make available to
Executive twenty-five (25) vacation days per calendar year, and the standard legal holidays for the Executive’s base employment location specified in Section 3 (Place and Hours of Employment). Prior to use
of a vacation day, Executive shall receive the prior approval of the Line Manager. 

  

	2.4	 Perquisites. During the Employment Term, Employer will provide to Executive the following perquisites:

  

	 	2.4.1	 During the period between the Commencement Date and the earlier of (i) August 31, 2022, and
(ii) the date Executive takes a residence in Switzerland, Employer shall lease temporary housing for Executive with a rent not to exceed CHF 3,000 per month; 

  
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 EXECUTION VERSION 

 

	 	2.4.2	 Should Executive, prior to relocating to Switzerland, incur a loss on the sale of Executive’s vehicle
owned in the U.S. by reason of selling such vehicle for less than fair market value (based on published local data), Employer shall reimburse Executive for such loss; 

 

	 	2.4.3	 Employer shall reimburse Executive for the following expenses reasonably incurred by Executive in connection
with Executive’s relocation to Switzerland: expenses for transporting and storing Executive’s personal items and household goods to Switzerland, costs relating to locating an initial residence in Switzerland, and costs of business-class
airfare for one-way flights to Switzerland for Executive and Executive’s household family members; 

  

	 	2.4.4	 Employer shall reimburse Executive for costs incurred by Executive with respect to breaking the lease of
Executive’s New York apartment; 

  

	 	2.4.5	 Employer shall cover costs associated with a home-finding trip to Switzerland for Executive and
Executive’s partner, including reasonable costs for business-class round-trip airfare to Switzerland and accommodation during such trip; 

  

	 	2.4.6	 During the period between the Commencement Date and the earlier of (i) August 31, 2022, and
(ii) the date Executive’s household family members relocate to Switzerland, Employer shall, up to one time per month, cover costs for business-class roundtrip airfare associated with Executive visiting his household family members in the
U.S; 

  

	 	2.4.7	 Employer shall provide Executive with a Settling In Allowance in the form of a CHF 20,000 lump sum
payment to be made at the moment of taking a residence in Switzerland; 

  

	 	2.4.8	 Where Swiss tax and social security deductions are due on any element set out in items 2.4.1 through item
2.4.7, Employer shall reimburse Executive through payroll for any deduction due; 

  

	 	2.4.9	 During the period Executive’s children are enrolled in school and up to a maximum of three years, whether
via in-person or remote instruction, Employer shall reimburse Executive for 100% of tuition fees and related mandatory costs incurred by Executive with respect to such enrollment. 66% of the tuition fees and
related mandatory costs incurred shall be reimbursed by Employer in year 4 and 33% of the tuition fees and related mandatory costs incurred shall be reimbursed by Employer in year 5; 

 

	 	2.4.10	 Employer shall reimburse Executive for the cost of an introduction meeting with a Swiss Tax Advisor.
Thereafter, for each calendar year during which Executive is employed by Employer or any part thereof, Employer shall directly pay to a tax advisor all reasonable costs incurred in connection with the preparation of annual U.S. and Swiss federal and
local tax returns for Executive; 

  

	 	2.4.11	 A yearly car allowance of CHF 16,800 per annum; 

  
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 EXECUTION VERSION 

 

	 	2.4.12	 An Employer provided cell phone, laptop computer, and tablet device; 

Notwithstanding the foregoing, any obligation of Employer to reimburse Executive under this Section 2.4 (excluding for 2.4.7) shall in all
events be subject to Executive’s provision of documentation to Employer and substantiation of such applicable fees, costs, losses and expenses. 
  

	2.5	 Equity Grants/Bonus Schemes. In the Board’s sole discretion, Executive will be eligible to
participate in Employer’s ex gratia Bonus Schemes, in accordance with the terms of any ex gratia bonus plan documents, award agreements, and any notices provided by Employer to Executive, including such terms as set forth on the attached
Schedule 1. The assessment of the eligibility criteria as well as any actual payment under such ex gratia Bonus Schemes will be decided by the Employer in its absolute discretion. Any payment made in a given year shall not create any entitlement to
any future payment under the Employer’s ex gratia Bonus Schemes. In addition, Executive shall be eligible to receive such other compensation and equity grants after commencing employment with the Employer as set forth on the attached Schedule
1. 

  

	3.	 PLACE AND HOURS OF EMPLOYMENT 

Executive’s employment location during the Employment Term will be Eysins, Switzerland; provided, however, that
Employer’s business needs may from time to time require Executive to travel and to be at other locations as necessary or required to fulfill Executive’s responsibilities. 

 

	4.	 EMPLOYMENT TERM 

The term of Executive’s employment shall commence on November 1, 2021 (the “Commencement Date”) and shall continue
until terminated by Employer or Executive in accordance with Section 9 below (such term, the “Employment Term”). Prior to and after the Commencement Date, Executive agrees to participate in investor communications as reasonably
requested by the Employer. 
 The Executive’s employment under this Employment Agreement will terminate automatically and without notice
at the end of the month on which the Executive reaches the ordinary retirement age under Swiss law. 
  

	5.	 OTHER EXPENSES 

Employer will reimburse Executive promptly for reasonable, necessary, customary and usual business expenses, including travel, entertainment,
parking, business meetings and professional dues incurred during the Employment Term and substantiated in accordance with the policies and procedures established from time to time by Employer. 

  
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 EXECUTION VERSION 

 

	6.	 EXECUTIVE’S OUTSIDE BUSINESS ACTIVITIES 

Executive is expected to devote one hundred percent (100%) of Executive’s working time and Executive’s full attention to the business
interests of Employer; provided, however, that, after obtaining prior written approval of the Line Manager, Executive may devote reasonable time and effort to community and charitable activities and organizations, so long
as they do not interfere with performance of the Employment Duties. Any request for Executive to serve on the board of directors of any for profit corporation must be approved in writing in advance by the Board. 

Executive represents to Employer that Executive has no outstanding commitments inconsistent with or in conflict with or that may interfere with
any of the terms of this Employment Agreement or the services to be rendered under it. 
  

	7.	 EMPLOYER INVENTIONS 

 

	7.1	 Definition of Employer Inventions. “Employer Inventions” means all ideas,
methodologies, inventions, discoveries, developments, designs, improvements, formulas, programs, processes, techniques, know-how, research and data (whether or not patentable or registerable under patent,
copyright a similar statute and including all rights to obtain, register, perfect and enforce those rights), that Executive learns of, conceives, develops or creates alone or with others during Executive’s association with or employment by
Employer (whether or not conceived, developed or created on behalf of Employer during regular working hours). “Employer Inventions” also includes anything that may be conceived, developed, or created, by Executive, either alone or with
others, during Executive’s association with or employment by Employer (whether or not conceived developed, or created during regular working hours), and with respect to which the equipment, supplies, facilities, or trade secret information of
Employer was used, or that relate at the time of conception or reduction to practice of the invention to the business of Employer or to Employer’s actual or demonstrable anticipated research and development, or that result from any work
performed by Executive for Employer. Notwithstanding the above, the parties agree that the contents of the book Executive is currently authoring are specifically excluded from Employer Inventions. 

 

	7.2	 Disclosure of Employer Inventions. Whether upon Employer’s request or voluntarily, Executive will
promptly disclose to Employer or its designee during Executive’s employment with Employer all Employer Inventions that Executive has created, contributed to or knows about, regardless of the nature of that knowledge, and regardless of whether
such Employer Invention, or any aspect of such Employer Invention, has been described, committed to writing, or reduced to practice, in whole or part by any other person. At all other times, Executive will treat every Employer Invention as
Confidential Information (as defined in and in accordance with Section 13). 

  

	7.3	 Assignment and Disclosure of Inventions. Executive hereby assigns to Employer all right, title and
interest to all Employer Inventions, which will be the sole and exclusive property of Employer, whether or not subject to patent, copyright, trademark or trade secret protection. Executive also acknowledges that, excluding the book that Executive is
currently authoring, all original works of authorship that are made by Executive (solely or jointly with others), within the scope of Executive’s employment with Employer, and that are protectable by copyright are “works made for
hire,” as that term is defined in the United States Copyright Act. To the extent that any such works, by operation of law, cannot be “works made for hire,” Executive hereby assigns to Employer all right, title, and interest in and to
such works and to any related copyrights. The consideration for such assignment and the assistance provided in this Section 7.3 is the normal compensation due Executive by virtue of service to Employer. 

  
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 EXECUTION VERSION 

 

	7.4	 Additional Instruments. Executive will promptly execute, acknowledge and deliver to Employer all
additional instruments or documents that Employer determines at any time to be necessary to carry out the intentions of this Section 7. Furthermore, whether during or after Executive’s employment with Employer, Executive will promptly
perform any acts deemed necessary or desirable by Employer, at Employer’s expense, to assist it in obtaining, maintaining, defending and enforcing any rights and/or assignment of an Employer Invention. Executive hereby irrevocably designates
and appoints Employer and its duly authorized officers and agents, as Executive’s agent and attorney-in-fact to act for, on behalf of and instead of Executive, to
execute and file any documents, applications or related findings and to do all other lawfully permitted acts in furtherance of the purposes set forth above in this Section 7.4, including, without limitation, the perfection of assignment and the
prosecution and issuance of patents, patent applications, copyright applications and registrations, trademark applications and registrations, or other rights in connection with such Employer Inventions and improvements thereto with the same legal
force and effect as if executed by Executive. 

  

	7.5	 Pre-existing Inventions. Executive will retain all right,
title and interest in and to inventions that Executive created and owned prior to service to Employer as listed in the attached Schedule 2. 

  

	8.	 INDEMNIFICATION OF EXECUTIVE 

Employer will, to the maximum extent permitted by Employer’s bylaws and applicable law, indemnify and hold Executive harmless for any acts
or decisions made in good faith while performing services for Employer; provided, however, that acts determined by the trier of facts to be acts of gross negligence or willful misconduct will not be deemed to be in good faith.
To the same extent, Employer will pay, and subject to any legal limitations (including the obligation to repay such advances), advance all expenses, including reasonable attorney fees and costs of court-approved settlements, actually and necessarily
incurred by Executive in connection with the defense of any action, suit or proceeding and in connection with any appeal, which has been brought against Executive by reason of Executive’s service to Employer while acting in good faith. 

 

	9.	 TERMINATION OF AGREEMENT/EMPLOYMENT 

 

	9.1	 Voluntary Termination by Executive. Executive may voluntarily terminate this Employment Agreement for
any reason and at any time; provided that six (6) months’ advance written notice from the end of the month is given to Employer. Executive’s employment and the Employment Term will expire on the final day of the month in which
the notice period expires. Executive will be entitled to receive the Base Compensation and Employee Benefits then in effect (as amended, changed, substituted, replaced, suspended or terminated) while performing services for the balance of the
Employment Term. Notwithstanding the foregoing, Employer may release Executive from the obligation to work through the end of the Employment Term and instead pay Executive until the end of the Employment Term – i.e. an amount equal to
Executive’s Base Compensation and Employee Benefits until the end of the Employment Term. 

  
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 EXECUTION VERSION 

 

	9.2	 Termination by Employer Without Cause. Employer may terminate this Employment Agreement and
Executive’s employment without Cause upon six (6) months’ advance written notice provided to Executive. Upon such a termination of this Employment Agreement, Executive’s employment and the Employment Term will expire on the final
day of the month in which the notice period expires. Employer’s total liability to Executive under this Section 9.2 and/or Section 9.5 will be limited to the payment of Executive’s Base Compensation and provision of Employee
Benefits then in effect (as amended, changed, substituted, replaced, suspended or terminated) through and including the day of termination. 

  

	9.3	 Termination by Employer for Cause. Employer may terminate this Employment Agreement and Executive’s
employment for “Cause” at any time in accordance with the provisions of this Section 9.3. Cause is defined for purposes of this Section 9.3 as: (a) gross negligence or willful misconduct by Executive in the
performance of the Employment Duties; (b) insubordination by Executive to Employer or a willful refusal by Executive to perform the Employment Duties; (c) commission by Executive of a felony, act of moral turpitude or other act, which
prevents Executive from effectively performing the Employment Duties or is likely to affect the interests of Employer; (d) breach of any of the provisions of this Employment Agreement including, without limitation, Section 13 or 14; (e)
any unexcused absence by Executive from the Employment Duties for a period of five (5) consecutive days; (f) Executive’s inability to enter into this Employment Agreement or perform the Employment Duties as provided in Section 1
herein; or (g) any act of dishonesty by Executive relating to Employer, its employees or otherwise, including, without limitation, fraud, embezzlement or misappropriation relating to significant amounts. For purposes of this Agreement,
“Cause” shall not exist unless Employer has first: (i) advised Executive in writing of the specific alleged conduct or allegations constituting “Cause”, (ii) provided Executive with an opportunity to explain such conduct or
allegations before a meeting of the entire Board of Directors, and (iii) with respect to any conduct or allegations of “Cause” capable of being cured, provided Executive with thirty (30) days after receiving written notice
thereof to cure such alleged Cause. Employer’s total liability to Executive under this Section 9.3 will be limited to the payment of Executive’s Base Salary and provision of Employee Benefits then in effect (as amended, changed,
substituted, replaced, suspended or terminated) through and including the effective date of termination. 

  

	9.4	 Termination Because of Disability of Executive. Employer may terminate this Employment Agreement and
Executive’s employment on six (6) month’s prior written notice if Executive is and has been unable, even with reasonable accommodation, to perform Executive’s duties under this Employment Agreement in Executive’s normal and
regular manner during a period or periods aggregating at least twenty-six (26) weeks for any period of twelve (12) months due to physical or mental disability or injury. Employer’s total
liability to Executive under this Section 9.4 will be limited to the payment of Executive’s Base Compensation and provision of Employee Benefits then in effect (as amended, changed, substituted, replaced, suspended or terminated) through
and including the day of termination as a result of disability. 

  
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 EXECUTION VERSION 

 

	9.5	 Termination on Death of Executive. If Executive dies during the term of this Employment Agreement, this
Employment Agreement will be terminated on the day of Executive’s death. Employer’s total liability to Executive under this Section 9.5 will be (subject to applicable law) limited to the payment of Executive’s Base Compensation
and provision of Employee Benefits then in effect (as amended, changed, substituted, replaced, suspended or terminated) through and including the day of Executive’s death. 

 

	10.	 RESIGNATION OF OFFICE 

At any time after notice is given by Employer or Executive to terminate Executive’s employment with Employer, Executive shall, at the
request of the Board, resign from all offices Executive may hold as a director or officer of Employer and from all other appointments or offices that Executive holds as nominee or representative of Employer. 

 

	11.	 AGREEMENT SURVIVES MERGER OR DISSOLUTION 

This Employment Agreement will survive any merger of Employer with any other entity, regardless of whether Employer is the surviving or
resulting corporation, and any transfer of all or substantially all of Employer’s assets to any other entity and to any such successor entity’s subsequent successors or assigns. In the event of any such merger or transfer of assets, the
provisions of this Employment Agreement will be binding on and inure to the benefit of the surviving business entity or the business entity to which such assets will be transferred. 

The Parties agree that on the Commencement Date Employer and Executive shall enter into a change of control. 

 

	12.	 ASSIGNMENT 

This Employment Agreement may not be assigned by Executive. Employer may assign this Employment Agreement without the consent of Executive to
any successor entity of Employer in accordance with Section 11 above. 
  

	13.	 CONFIDENTIAL INFORMATION 

 

	13.1	 Definition of Confidential Information. “Confidential Information” means all nonpublic
or proprietary information relating to Employer’s business or that of any Employer vendor or customer. Examples of Confidential Information include, but are not limited to, software (in source or object code form), databases, algorithms,
processes, designs, prototypes, methodologies, reports, specifications, information regarding Employer Inventions, as defined in Section 7.1, products sold, distributed or being developed by Employer, and any other non-public information regarding Employer’s current and developing technology; information regarding vendors and customers, prospective vendors and customers, clients, business contacts, employees and
consultants, prospective and executed contracts and subcontracts, marketing and sales plans, strategies or any other plans and proposals used by Employer in the course of its business; and any non-public or
proprietary information regarding Employer or Employer’s present or future business plans, financial information, or any intellectual property, whether any of the foregoing is embodied in hard copy, computer-readable form, electronic or optical
form, or otherwise. Information that is available in the public domain through no fault of Executive shall not be considered Confidential Information. 

  
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 EXECUTION VERSION 

 

	13.2	 Executive’s Use of Confidential Information. From the Commencement Date and at all times
thereafter, Executive will maintain the confidentiality of the Confidential Information. Executive will not, without Employer’s prior written consent, directly or indirectly: (i) copy or use any Confidential Information for any purpose not
within the scope of Executive’s work on Employer’s behalf; or (ii) show, give, sell, disclose or otherwise communicate any Confidential Information to any person or entity other than Employer unless such person or entity is authorized
by Employer to have access to the Confidential Information in question. These restrictions do not apply if the Confidential Information has been made generally available to the public by Employer or becomes generally available to the public through
some other normal course of events. All Confidential Information prepared by or provided to Executive is and will remain Employer’s property or the property of Employer customer to which they belong. 

 

	13.3	 Return of Material. Upon request of Employer or the Board or upon termination (whether voluntary or
involuntary), Executive will immediately turn over to Employer all Confidential Information, including all copies, and other property belonging to Employer or any of its customers, including documents, disks, or other computer media in
Executive’s possession or under Executive’s control. Executive will also return any materials that contain or are derived from Confidential Information, or are connected with or relate to Executive’s services to Employer or any of its
customers. Executive is permitted to retain information related to his employment agreement, change of control agreement and equity awards, his employee benefits and compensation and his performance. 

 

	14.	 NONCOMPETITION AND NONSOLICITATION COVENANTS 

 

	14.1	 Agreement Not to Compete. During the period between the Commencement Date and one (1) year from and
after the termination of Executive’s employment with Employer for any reason, Executive will not, anywhere in the world, engage or participate, either individually or as an employee, consultant or principal, member, partner, agent, trustee,
officer, manager, director, investor or shareholder of a corporation, partnership, limited liability company, or other business entity, in any activity that competes with products or services related to transfusion diagnostics provided by Employer
or any subsidiary or affiliated company during the one (1) year period prior to the date of the termination of employment. Nothing in this Section 14.1 will be deemed to preclude Executive from holding less than 1% of the outstanding
capital stock of any corporation whose shares are publicly traded. 

  

	14.2	 Agreement Not to Solicit Executives. During the period between the Commencement Date and one
(1) years from and after the termination of Executive’s employment with Employer for any reason, Executive will not, directly or indirectly, alone or on behalf of any person or business entity, hire or aid, encourage, advise, solicit,
induce or attempt to induce any employee of Employer, or any subsidiary or affiliated companies, to leave his or her employment with Employer. 

  
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 EXECUTION VERSION 

 

	14.3	 Agreement Not to Solicit Customers and Suppliers. During the period between the Commencement Date and
one (1) years from and after the termination of Executive’s employment with Employer for any reason, Executive will not, directly or indirectly, alone or on behalf of any person or business entity, cause or attempt to cause any customer,
prospective customer, vendor, supplier, or other business contact of Employer, or any subsidiary or affiliated companies to terminate, limit, or in any manner adversely modify or fail to enter into any actual or potential business relationship with
Employer, or any subsidiary or affiliated companies. 

  

	14.4	 Blue Pencil Doctrine. If the duration of, the scope of, or any business activity covered by any
provision of this Section 14 is in excess of what is determined to be valid and enforceable under applicable law, such provision will be construed to cover only that duration, scope or activity that is determined to be valid and enforceable,
and Employer and Executive consent to the judicial modification of the scope and duration of the restrictions in this Section 14 in any proceeding brought to enforce such restrictions so as to make them valid, reasonable and enforceable.
Executive hereby acknowledges that this Section 14 will be given the construction, which renders its provisions valid and enforceable to the maximum extent not exceeding its express terms, possible under applicable law. 

 

	15.	 SURVIVAL 

The parties agree that Executive’s obligations under Sections 7 (Employer Inventions), 9.1 (Voluntary Termination by
Executive),13 (Confidential Information), and 14 (Noncompetition and Nonsolicitation Covenants) of this Employment Agreement will survive the termination of this Employment Agreement and termination of Executive’s
employment with Employer, regardless of when such termination may occur and regardless of the reasons for such termination. 
  

	16.	 EFFECT OF EMPLOYER’S PERSONNEL POLICIES, RULES, AND PRACTICES 

Executive is entitled to the benefit of, and is obligated to perform, all of Executive’s responsibilities under Employer’s personnel
policies, rules, and practices in effect from time to time for all of its employees during the Employment Term. In the event of any conflict between Employer’s personnel policies, rules and/or practices, and this Employment Agreement, the
provisions of this Employment Agreement shall be controlling. 
  

	17.	 INJUNCTIVE REMEDIES 

The Parties agree that damages in the event of breach by Executive of Sections 7 (Employer Inventions), 13 (Confidential
Information), or 14 (Noncompetition and Nonsolicitation Covenants) of this Employment Agreement would be difficult, if not impossible, to ascertain, and it is agreed that Employer, in addition to and without limiting any other remedy or
right it may have, will have the right to seek an immediate injunction or other equitable relief in any court of competent jurisdiction enjoining any threatened or actual breach without the requirement to post a bond. The existence of this right
will not preclude Employer from pursuing any other rights and remedies at law or in equity that Employer may have, including recovery of damages. 

  
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 EXECUTION VERSION 

 

	18.	 INTEGRATION 

This Employment Agreement contains the entire agreement between the Parties pertaining to the subject matter addressed in this Employment
Agreement. No oral modifications, express or implied, may alter or vary the terms of this Employment Agreement. 
  

	19.	 AMENDMENT/NOVATION 

No modifications, amendments, deletions, additions, or novations to or of this Employment Agreement will be effective unless they are
completely and unambiguously contained in a writing signed by Executive and by the Chairman or his or her designee following approval of the Board. 
  

	20.	 CHOICE OF LAW; VENUE 

This Employment Agreement and any dispute arising from the relationship between the Parties will be governed by and construed under and
according to the laws of Switzerland without regard to its conflict of laws provisions. Any dispute arising out of or in relation to this Employment Agreement shall be subject to the exclusive jurisdiction of the Swiss Courts of Vaud. 

 

	21.	 NOTICES 

Any notice to Employer required or permitted under this Employment Agreement will be given in writing to Employer, either by personal service,
email, facsimile, or by registered or certified mail, postage prepaid. Any notice to Executive will be given in a like manner and, if mailed, will be addressed to Executive at Executive’s home address then shown in Employer’s files as well
as to his personal and work email addresses then shown in Employer’s files. For the purpose of determining compliance with any time limit in this Employment Agreement, a notice will be deemed to have been duly given (a) on the date of
service, if served personally on the party to whom notice is to be given, (b) on the same business day given by facsimile, e-mail, or other electronic transmission, or (c) on the second (2nd)
business day after mailing, if mailed to the party to whom the notice is to be given in the manner provided in this Section. As of the date this Employment Agreement is executed, notice is to be given at the following addresses: 

To Employer: 
 Quotient
Limited 
 28 Esplanade 
 PO
Box 1075, JTC House 

  
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 EXECUTION VERSION 

 

 
St Helier 
 Jersey JE2 3QA 

Channel Islands 
 Attn: Chief
Executive Officer 
 E-mail: Chief Executive Officer’s
e-mail address as in force in Company’s information systems at the time of notice 
 To
Executive: 
 Ali Kiboro 

325 West 93rd Street 

Apt 1A 
 New York, NY 10025 

USA 
 E-mail: quests-gestalt04@icloud.com 
 Copy to: 

Quotient Limited 
 B1, Business
Park Terre Bonne 
 Route de Crassier 13 

1262 Eysins 
 Switzerland 

Attn: Chief People Officer 
 E-mail: Chief People Officer’s e-mail address as in force in Company’s information systems at the time of notice 

 

	22.	 WITHHOLDING 

Employer shall be entitled to withhold from any payments or deemed payments any amount of tax withholding it determines to be required by law.

  

	23.	 SOCIAL SECURITY CONTRIBUTIONS 

The Executive and the Employer shall each pay half of the contributions which are owed as a matter of law for AVS (Old Age and Survivors’
Insurance), AI (Invalidity Insurance), APG (Loss of Earnings Insurance), AC (Unemployment Insurance). The Executive’s part of the contributions shall be deducted by the Employer from his Base Compensation and any other appropriate cash payment.

  

	24.	 PENSION PLAN 

The Executive shall be eligible to participate in the Employer’s pension plan as of his first day of work. The contributions and the
benefits are determined by the rules and regulations of the pension plan, as amended from time to time. The Executive’s contributions are deducted by the Employer from his Base Compensation and any other appropriate cash payment. 

  
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 EXECUTION VERSION 

 

	25.	 ILLNESS 

In case of the Executive’s inability to perform his duties under this Employment Agreement due to illness, the Executive shall receive his
salary according to the terms and conditions of the insurance for loss of earnings due to illness. The Employer shall deduct the Executive’s contributions – if any – from his Base Compensation. If there is no insurance for loss of
earnings due to illness, the Employer’s obligation to continue to pay the Executive’s salary shall be determined by Art. 324a of the Swiss Code of Obligations. 
  

	26.	 ACCIDENT 

Executive is insured against occupational as well as non-occupational accidents. The contributions for
the non-occupational accident insurance shall be paid by the Employer. 
  

	27.	 DATA PROTECTION 

As Executive’s employer, Employer needs to keep and process information about Executive for employment purposes (the “Personal
Data”). The Personal Data held and processed by the Employer will be used for the Employer’s management and administrative use only. The Employer shall keep and process the Executive’s Personal Data to be able to pursue its
business activities and manage its contractual relationship with Executive effectively, lawfully and appropriately, both during the employment relationship under this Employment Agreement and after its end. The holding and processing of
Executive’s Personal Data by Employer is required in particular for Employer to be able (i) to comply with its obligations under this Employment Agreement and towards other employees, (ii) to comply with any legal requirements imposed
on Employer, (iii) to pursue its legitimate interests and (iv) as the case may be, to protect Employer’s legal position in the event of legal proceedings. While holding and processing Personal Data, Employer shall at all times comply
with the data protection principles set out in the Swiss Federal Act on Data Protection and the European General Data Protection Regulation. Further information on the Personal Data held and processed by Employer and Executive’s rights in
relation thereto shall be available upon request addressed to Employer’s human resources department. 
  

	28.	 SEVERABILITY 

Subject to Section 14.4, if any provision of this Employment Agreement is held invalid or unenforceable, the remainder of this Employment
Agreement will nevertheless remain in full force and effect. If any provision is held invalid or unenforceable with respect to particular circumstances, it will nevertheless remain in full force and effect in all other circumstances. 

 

	29.	 HEADINGS 

The headings in this Employment Agreement are inserted for convenience only; are not part of this Employment Agreement, will not in any manner
affect the meaning of this Employment Agreement or any paragraph, term, and/or provision of this Employment Agreement; and will not be deemed or interpreted to be a part of this Employment Agreement for any purpose. 

  
 - 13 - 

 EXECUTION VERSION 

 

	30.	 CONSTRUCTION 

The language of this Employment Agreement will, for any and all purposes, be construed as a whole, according to its fair meaning, not strictly
for or against Executive, on the one hand, or Employer, on the other hand, and without regard to the identity or status of any person or persons who drafted all or any part of this Employment Agreement. 

 

	31.	 NO WAIVER 

No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this Employment Agreement
will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or
not similar, nor will any waiver constitute a continuing waiver unless the writing so specifies. 
  

	32.	 WARRANTY AND FREEDOM TO CONTRACT 

Executive warrants that he is under no disability that would prevent Executive from entering into this Employment Agreement and from complying
with all of its provisions to their fullest extent. If Executive is enjoined or otherwise prevented by judicial or administrative determination from complying with the terms of this Employment Agreement, then Employer may terminate this Employment
Agreement and Executive’s employment immediately without incurring any future liability, and for purposes of Section 9 such termination will be for Cause. 
  

	33.	 EXECUTION IN COUNTERPARTS 

This Employment Agreement may be executed in counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument. 
  

	34.	 FAXED OR PHOTOCOPIED SIGNATURES 

A faxed or photocopied signature will have the same effect as an original signature. 

 

	35.	 RIGHT TO COUNSEL 

The undersigned Executive has read the foregoing Employment Agreement and has taken the time necessary to review completely and fully
understand it. The undersigned Executive has had the unrestricted right and opportunity to have each and every paragraph, term, and provision of the foregoing Employment Agreement and each and every result and consequence of its execution by the
undersigned Executive fully explained to Executive by legal counsel selected and retained solely by Executive. 

  
 - 14 - 

 EXECUTION VERSION 

 

	36.	 CLAWBACK POLICIES 

All amounts payable under this Employment Agreement or otherwise by Employer to the Executive shall be subject to the terms of Employer’s
“clawback” policies as in effect from time to time. 
 [signature page follows] 

  
 - 15 - 

 EXECUTION VERSION 

 

 The undersigned fully understands the foregoing Employment Agreement, accepts, and agrees to each and every
paragraph, term, and provision contained in it, and fully accepts and agrees to it as binding Executive for any and all purposes whatsoever. 
  

			
	Employer: QUOTIENT LIMITED
		
	By:	 	 /s/ Manuel O. Mendez

	Manuel O. Mendez
	Chief Executive Officer
	
	Executive
		
	By:	 	 /s/ Ali Kiboro

		 	Ali Kiboro

  
 - 16 - 

 EXECUTION VERSION 

 

 SCHEDULE 1 

BONUS AND EQUITY GRANT 
  

	1.	 Discretionary Bonus. During the Employment Term, in addition to the Base Compensation, for each fiscal
year of Employer ending during the Employment Term, Executive shall have the opportunity to receive an annual ex gratia cash bonus, which may be awarded in Employer’s sole discretion, in an amount equal to up to sixty percent (60%) of
the Base Compensation (the “Discretionary Bonus”) then in effect. The Discretionary Bonus shall be based on annual performance criteria and the achievement of personal objectives by Executive, which shall be mutually agreed upon by
Employer and the Board and assessed by the Board in its sole discretion. The Discretionary Bonus shall be paid to Executive as soon as practicable, but in no event later than 120 days following the fiscal year to which it relates. The Discretionary
Bonus shall be paid to the Executive only if the Executive is employed by Employer on the date of payment. 

  

	2.	 Make-Whole Bonus Payment. If Executive forfeits the yearly cash bonus due to him by Quest Diagnostics,
the Employer shall pay Executive, in Q1 CY2022, a lump sum amount equal to the value lost for the current year through to the time of leaving, provided, however, that, such payment shall be subject to Executive’s provision to Employer of
documentation substantiating such forfeiture. If the Executive does not forfeit the cash bonus due to him by Quest Diagnostics, no payment shall be made to Executive by the Employer under this Section 2 of this Schedule 1 to the Employment
Agreement. The annual base for calculating this amount will be CHF 144,000. If Executive voluntarily terminates the employment agreement within 24 months of the Commencement Date, Executive will be required to pay back the Make-Whole Bonus payment
on a prorated basis. 

  

	3.	 Sign-On Payment. The Employer shall pay Executive, in Q1 CY2022,
a lump sum amount equal to two hundred thousand Swiss Francs (CHF 200,000). If Executive voluntarily terminates the employment agreement within 24 months of the Commencement Date, Executive will be required to pay back the Sign-On payment on a prorated basis. 

  

	4.	 Sign-On Equity Grant. Effective as of the Commencement Date,
Executive shall be granted: 

  

	 	(a)	 Performance restricted stock units with respect to shares of the Employer having a target fair market value as
of the date of grant equal to three hundred and ninety-three thousand five hundred Swiss Francs (CHF 393,750) (the “Sign-On PSUs”). The Sign-On
PSUs shall vest on third anniversary of the date of grant up to a maximum of 150% of the target fair market value of such Annual PSUs based on the level of achievement of Corporate performance goals and financial targets, provided, however,
that, any Sign-On PSUs not vested shall be forfeited upon termination of Executive’s employment. 

  
 Sch. 1-1 

 EXECUTION VERSION 

 

	 	(b)	 Restricted stock units with respect to shares of the Employer having a fair market value as of the date of
grant equal to two hundred and thirty-six thousand two hundred and fifty Swiss Francs (CHF 236,250) (the “Sign-On RSUs”). Fifty
percent (50%) of the Sign-On RSUs shall vest on the first anniversary of the date of grant, and twenty five percent (25%) of the Sign-On RSUs shall vest on each of the
second and third anniversaries of the date of grant, provided, however, that, any Sign-On RSUs not vested shall be forfeited upon termination of Executive’s employment. 

 

	 	(c)	 Share options with respect to shares of the Employer having a fair market value as of the date of grant equal
to one hundred and fifty-seven thousand five hundred Swiss Francs (CHF 157,500) and an exercise price per share equal to the fair market value of a share of the Employer on the date of grant (the
“Sign-On Share Options”). The Sign-On Share Options shall vest in three equal installments on each of the first, second, and third anniversaries of the
date of grant, provided, however, that, any Sign-On Share Options not vested shall be forfeited upon termination of Executive’s employment. 

 

	5.	 Annual Discretionary Equity Grant. In the Employer’s sole discretion, Executive will be eligible to
participate in Employer’s Equity Plan in an amount having a grant date fair value of approximately one hundred and fifty percent (150%) of base salary, in accordance with the terms of the plan documents, award agreements, and any notices
provided by Employer to Executive. The Annual Discretionary Equity Grant would normally be split 50% in Performance Share Units vesting on the third anniversary upon success of specific Corporate Goals, 30% in Restricted Stock Units vesting in three
equal annual installments and 20% in Stock Options vesting in three equal annual installments. The Executive must be in employment with the Company on the date of the Annual Discretionary Equity Grant award to be eligible for the award. The grant of
Annual Discretionary Equity for several years in a row does not give rise to any right of the Executive. 

  
 Sch. 1-2 

 EXECUTION VERSION 

 

 SCHEDULE 2 

EXISTING INVENTIONS 
 N/A 

  
 Sch. 2-1EX-10.4

 Exhibit 10.4 

Schedule of Omitted Documents 

Exhibit 10.4 to Registration Statement on Form S-1 

The Real Good Food Company, Inc. 

LIST OF INDEMNITEES 

Each of the individuals identified below is a party to an indemnification agreement with The Real Good Food Company, Inc. in
the form attached herewith as Exhibit 10.4 to The Real Good Food Company, Inc.’s Registration Statement on Form S-1: 
  

			
	Name	  	Date Signed
	Bryan Freeman	  	                     
   , 2021
	Gerard G. Law	  	                     
   , 2021
	Akshay Jagdale	  	                     
   , 2021
	Andrew J. Stiffelman	  	                     
   , 2021
	Deanna T. Brady	  	                     
   , 2021
	Gil B. de Cardenas	  	                     
   , 2021
	George F. Chappelle, Jr.	  	                     
   , 2021
	Mark J. Nelson	  	                     
   , 2021

  
 -1- 

 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”), dated
                        , 2021, is by and between The Real Good Food Company, Inc., a Delaware corporation (the
“Company”), and                          (“Indemnitee”). 

RECITALS 

A.        Indemnitee is a director or an officer of the Company. 

B.        The board of directors of the Company (the “Board”) has
determined that enhancing the ability of the Company to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company therefore should seek to assure such persons that
indemnification is available. 
 C.        In recognition of the need to provide
Indemnitee with substantial protection against personal liability, in order to procure Indemnitee’s continued service as a director or officer of the Company and enhance Indemnitee’s ability to serve the Company in an effective manner, and
in order to provide such protection pursuant to express contract rights, the Company wishes to provide in this Agreement for the indemnification of, and the advancement of Expenses to, Indemnitee as set forth in this Agreement. 

D.        The rights provided to Indemnitee pursuant to this Agreement are intended
to be enforceable irrespective of, among other things, any amendment to the Company’s Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws (as amended, and in effect from time to time, the “Constituent
Documents”), any change in the composition of the Board, and any change in control or business combination transaction relating to or involving the Company. 

NOW, THEREFORE, in consideration of the foregoing and Indemnitee’s agreement to continue to provide services to the
Company, the parties hereby agree as follows: 
 1. Services to the Company. Indemnitee agrees to continue to serve
as a director or officer of the Company for so long as Indemnitee is duly elected or appointed, until Indemnitee tenders Indemnitee’s resignation or until Indemnitee is terminated by the Company, as applicable. This Agreement shall not be
deemed an employment agreement between Indemnitee and the Company (or any of its subsidiaries or another Enterprise). Indemnitee specifically acknowledges that Indemnitee’s service to the Company (or any of its subsidiaries or another
Enterprise) is at will and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment agreement (or similar agreement) between Indemnitee and the Company (or any of
its subsidiaries or another Enterprise), other applicable severance or change of control agreements duly adopted by the Board or, with respect to service as a director or officer of the Company, by the Constituent Documents or Delaware law. This
Agreement shall continue in force after Indemnitee has ceased to serve as a director or officer of the Company or, at the request of the Company, of any of its subsidiaries or another Enterprise. 

2. Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 

(a) “Agreement” shall have the meaning ascribed to it in the preamble above. 

  
 -2- 

 (b) “Beneficial Owner” has the meaning given to such
term in Rule 13d-3 under the Exchange Act. 
 (c) “Board” shall
have the meaning ascribed to it in the recitals above. 
 (d) “Business Combination” means a
reorganization, merger, consolidation or similar transaction relating to or involving the Company. 
 (e) “Change
in Control” means the occurrence after the date of this Agreement of any of the following events: 
 (i)
Acquisition of Stock by Third Party. Any Person who is not a stockholder of the Company as of the effective date of this Agreement becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing thirty percent
(30%) or more of the Company’s Voting Securities, unless the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding Voting Securities;

 (ii) Corporate Transactions. The consummation of a Business Combination, unless immediately following such
Business Combination, (1) the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own, directly or indirectly, more than fifty percent (50%) of the combined voting power of the
outstanding Voting Securities of the entity resulting from such transaction, (2) no Person (excluding any corporation resulting from such Business Combination) is the Beneficial Owner, directly or indirectly, of thirty percent (30%) or more of
the combined voting power of the then outstanding securities entitled to vote generally in the election of directors of such corporation except to the extent that such ownership existed prior to the Business Combination and (3) at least a
majority of the Board of Directors of the corporation resulting from such Business Combination were Continuing Directors, at the time of the execution of the initial agreement or of the action of the Board, providing for such Business Combination;

 (iii) Change in Board of Directors. The Continuing Directors cease for any reason to constitute at least a
majority of the members of the Board; or 
 (iv) Liquidation. The stockholders of the Company approve a
plan of complete liquidation or dissolution of the Company, or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets (or, if such approval is not required, the
decision by the Board to proceed with such a liquidation, distribution, sale, or disposition in one transaction or a series of related transactions). 

(f) “Claim” means: 

(i) any threatened, pending or completed action, suit, demand, proceeding or alternative dispute resolution mechanism,
whether civil, criminal, administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or 

(ii) any inquiry, hearing or investigation that Indemnitee determines might lead to the institution of any such action,
suit, demand, proceeding or alternative dispute resolution 

  
 -3- 

 
mechanism. 
 (g) “Company” shall have the meaning
ascribed to it in the preamble above. 
 (h) “Constituent Documents” shall have the meaning ascribed to
it in the recitals above. 
 (i) “Continuing Directors” means, during a period of two consecutive years,
not including any period prior to the execution of this Agreement, the individuals collectively who at the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board 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). 
 (j) “Delaware Court” means the Court of
Chancery of the State of Delaware. 
 (k) “Disinterested Director” means a director of the Company who
is not and was not a party to the Claim in respect of which indemnification is sought by Indemnitee. 
 (l)
“Enterprise” means, any corporation, limited liability company, partnership, joint venture, trust or other entity. 

(m) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(n) “Expense Advance” means any payment of Expenses advanced to Indemnitee by the Company pursuant to
Section 4 or Section 5 hereof. 
 (o) “Expenses” means any and all expenses (including
reasonable attorneys’ and experts’ fees), court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in connection with investigating, defending,
being a witness in or participating in, or preparing to defend, be a witness in or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Claim, including, without
limitation, the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 5 only, Expenses incurred by Indemnitee in connection with the
interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. Expenses shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 (p) “Indemnifiable Event” means any event or occurrence, whether occurring before, on or after the
date of this Agreement, related to the fact that Indemnitee is or was a director, officer, employee, member, manager, or agent of the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director,
officer, employee, member, manager, partner, trustee, or agent of another Enterprise, or by reason of an action or inaction by Indemnitee in any such capacity (whether or not serving in such capacity at the time any Loss is incurred for which
indemnification can be provided under this Agreement). 
 (q) “Indemnitee” shall have the meaning
ascribed to it in the preamble above. 

  
 -4- 

 (r) “Independent Counsel” means a law firm, or a member
of a law firm, that is experienced in matters of corporate law and neither presently performs, nor in the past five (5) years has performed, services for either: (i) the Company or Indemnitee (other than in connection with matters
concerning other indemnitees under similar agreements) or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any
person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

(s) “Losses” means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties
(whether civil, criminal or other), excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this
Agreement and all other charges paid or payable in connection with investigating, defending or preparing to defend, being a witness in or preparing to be a witness in, or participating in, any Claim. 

(t) “Notification Date” shall have the meaning ascribed to it in Section 11(c) below. 

(u) “Other Indemnity Provisions” shall have the meaning ascribed to it in Section 15 below. 

(v) “Person” means any individual, corporation, firm, partnership, joint venture, limited liability
company, estate, trust, business association, organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange Act. 

(w) “Standard of Conduct Determination” shall have the meaning ascribed to it in Section 11(b) below.

 (x) “Voting Securities” means any securities of the Company that vote generally in the election of
directors. 
 3. Indemnification. Subject to the terms of this Agreement, the Company shall indemnify
Indemnitee, to the fullest extent permitted by the laws of the State of Delaware in effect on the date hereof, or as such laws may from time to time hereafter be amended to increase (but not to decrease) the scope of such permitted indemnification,
against any and all Losses if Indemnitee was or is or becomes a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising, in whole or in part, out of an Indemnifiable Event, including,
without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which Indemnitee is solely a witness. 

4. Advancement of Expenses. Indemnitee shall have the right to advancement by the Company, prior to the final
disposition of any Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred by Indemnitee in connection with any Claim by reason of or arising, in whole or in part,
out of an Indemnifiable Event. Without limiting the generality or effect of the foregoing, within thirty (30) calendar days after any request by Indemnitee, the Company shall, in accordance with such request, (a) pay such Expenses on
behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses, as determined in the 

  
 -5- 

 
Company’s discretion. Execution and delivery to the Company of this Agreement by Indemnitee constitutes an undertaking by Indemnitee, and Indemnitee hereby agrees, to repay any amounts paid,
advanced or reimbursed by the Company pursuant to this Section 4 in respect of Expenses relating to, arising out of, or resulting from, any Claim in respect of which it shall be determined, pursuant to Section 11, following the final
disposition of such Claim, that Indemnitee is not entitled to indemnification hereunder. No other form of undertaking shall be required other than the execution of this Agreement. 

5. Indemnification for Expenses in Enforcing Rights. To the fullest extent permitted by the laws of the State
of Delaware, the Company shall also indemnify against, and, if requested by Indemnitee, advance to Indemnitee subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with
any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or
hereafter in effect that relate to Claims relating to, arising out of, or resulting from Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in
the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid by Indemnitee. Indemnitee shall be required
to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith. 

6. Third-Party Indemnification. The Company hereby acknowledges that Indemnitee has or may from time to time obtain
certain rights to indemnification, advancement of expenses and/or insurance provided by one or more third parties (collectively, the “Third-Party Indemnitors”). The Company hereby agrees that it is the indemnitor of first resort
(i.e., its obligations to Indemnitee are primary and any obligation of the Third-Party Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee are secondary), and that the Company
will not assert that the Indemnitee must seek expense advancement, reimbursement, or indemnification from any Third-Party Indemnitor before the Company must perform its expense advancement, reimbursement, and indemnification obligations under this
Agreement. No advancement or payment by the Third-Party Indemnitors on behalf of Indemnitee with respect to any Claim for which Indemnitee has sought indemnification from the Company shall affect the foregoing. The Third-Party Indemnitors shall be
subrogated to the extent of such advancement or payment to all of the rights of recovery which Indemnitee would have had against the Company if the Third-Party Indemnitors had not advanced or paid any amount to or on behalf of Indemnitee. 

7. Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to indemnification by the
Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 

8. Contribution in the Event of Joint Liability. To the fullest extent permissible under applicable law, if the
indemnification 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 Indemnitee, shall pay, in the first instance, the entire amount incurred by
Indemnitee, whether for damages, losses, liabilities, judgments, fines, penalties, amounts paid or to be paid in settlement and/or Expenses, in connection with any Indemnifiable Event, in such proportion as is deemed fair

  
 -6- 

 
and reasonable in light of all of the circumstances of such Indemnifiable Event in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the
event(s) and/or transaction(s) giving cause to such proceeding; and/or (ii) the relative fault of the Company and its subsidiaries (and their respective directors, officers, employees, members, managers and agents) and Indemnitee in connection
with such event(s) and/or transaction(s). 
 9. Notification and Defense of Claims. 

(a) Notification of Claims. Indemnitee shall notify the Company in writing as soon as practicable of any Claim which
could relate to an Indemnifiable Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available to Indemnitee) of the nature and amount of, and the facts underlying, such Claim. The
failure by Indemnitee to timely notify the Company hereunder shall not relieve the Company from any liability hereunder other than to the extent the Company’s ability to participate in the defense of such claim was materially and adversely
prejudiced by such failure. 
 (b) Defense of Claims. The Company shall be entitled to participate in the defense
of any Claim relating to an Indemnifiable Event at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from
the Company to Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with
Indemnitee’s defense of such Claim other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred
after notice from the Company of its assumption of the defense shall be at Indemnitee’s own expense; provided, however, that if (i) Indemnitee’s employment of its own legal counsel has been authorized by the Company,
(ii) Indemnitee’s counsel has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of such Claim, (iii) after a Change in Control, Indemnitee’s employment of its own
counsel has been approved by the Independent Counsel or (iv) the Company shall not in fact have employed counsel to assume the defense of such Claim, then Indemnitee shall be entitled to retain its own separate counsel (but not more than one
law firm plus, if applicable, local counsel in respect of any such Claim) and all Expenses related to such separate counsel shall be borne by the Company. 

10. Procedure Upon Application for Indemnification. In order to obtain indemnification pursuant to this Agreement,
Indemnitee shall submit to the Company a written request therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification within thirty (30) days following the final disposition of the Claim. Indemnification shall be made insofar as the Company determines Indemnitee is entitled to indemnification in accordance with Section 11
below. 
 11. Determination of Right to Indemnification. 

(a) Mandatory Indemnification; Indemnification as a Witness. 

(i) Mandatory Indemnification. To the extent that Indemnitee shall have

  
 -7- 

 
been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable Event or any portion thereof, or in defense of any issue or matter therein, including, without
limitation, dismissal without prejudice or settlement of the Claim (subject to the terms of Section 13 below), Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section 3, to the fullest extent
allowable by law. 
 (ii) Indemnification as a Witness. To the extent that Indemnitee’s involvement in a
Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by law. 

(b) Standard of Conduct. To the extent that the provisions of Section 11(a) are inapplicable to a Claim related
to an Indemnifiable Event that shall have been finally disposed of, any determination of whether Indemnitee has satisfied any applicable standard of conduct under Delaware law that is a legally required condition to indemnification of Indemnitee
hereunder against Losses relating to such Claim and any determination that Expense Advances must be repaid to the Company (a “Standard of Conduct Determination”) shall be made as follows: 

(i) if no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a
quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in
a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee; and 
 (ii) if a Change in
Control shall have occurred, (A) if Indemnitee so requests in writing, by a majority vote of the Disinterested Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed to
the Board, a copy of which shall be delivered to Indemnitee. 
 The Company shall indemnify and hold harmless Indemnitee
against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within thirty (30) calendar days of such request, any and all Expenses incurred by Indemnitee in cooperating with the Person or Persons making
such Standard of Conduct Determination. 
 (c) Making the Standard of Conduct Determination. The Company shall use
its reasonable best efforts to cause any Standard of Conduct Determination required under Section 11(b) to be made as promptly as practicable. If the Person or Persons designated to make the Standard of Conduct Determination under
Section 11(b) shall not have made a determination within thirty (30) calendar days after the later of (A) receipt by the Company of a written request from Indemnitee for indemnification pursuant to Section 10 (the date of such
receipt being the “Notification Date”) and (B) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, then Indemnitee shall be deemed to have satisfied the applicable standard of
conduct, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a
final judicial determination that any or all such indemnification is prohibited under applicable law; provided, however, that such thirty (30) calendar day period may be extended for a reasonable time, not to exceed an additional fifteen
(15) calendar days, if the Person or Persons making such determination in good faith requires such additional time to obtain or evaluate information relating thereto. Notwithstanding anything in this Agreement to the contrary, no

  
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determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim. 

(d) Payment of Indemnification. The Company shall pay to Indemnitee, within thirty (30) calendar days after the
later of (A) the Notification Date, or (B) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) below is satisfied, an amount equal to such Losses, if, in regard to any Losses: 

(i) Indemnitee shall be entitled to indemnification pursuant to Section 11(a); 

(ii) no Standard of Conduct Determination is legally required as a condition to indemnification of Indemnitee hereunder; or

 (iii) Indemnitee has been determined or deemed pursuant to Section 11(b) or Section 11(c) to have satisfied
the Standard of Conduct Determination. 
 (e) Selection of Independent Counsel for Standard of Conduct
Determination. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 11(b)(i), the Independent Counsel shall be selected by the Board of Directors, and the Company shall give written notice to
Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. If a Standard of Conduct Determination is to be made by the Independent Counsel pursuant to Section 11(b)(ii), the Independent Counsel shall be selected by
Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either case, Indemnitee or the Company, as applicable, may, within ten (10) calendar days after receiving
written notice of selection from the other, deliver to the other 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 satisfy the criteria
set forth in the definition of “Independent Counsel” and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the individual or firm so selected shall act as
Independent Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent Counsel so 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; and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel and give written notice to the other party advising such other party of
the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences shall apply to such subsequent selection and notice. If applicable, the provisions of clause (ii) of the
immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is permitted under the foregoing provisions of this Section 11(e) to make the Standard of Conduct Determination shall have been
selected within thirty (30) calendar days after the Company gives its initial notice pursuant to the first sentence of this Section 11(e) or Indemnitee gives its initial notice pursuant to the second sentence of this Section 11(e), as
the case may be, either the Company or Indemnitee may petition the Delaware Court to resolve any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or to appoint as Independent
Counsel an individual or firm to be selected by the Court or such other person as the Court shall designate, and the individual or firm with respect to whom all objections are so resolved or the individual or firm so appointed will act as
Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel’s determination pursuant to Section 11(b). 

  
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 (f) Presumptions and Defenses. 

(i) Indemnitee’s Entitlement to Indemnification. In making any Standard of Conduct Determination, the Person or
Persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that
Indemnitee is not so entitled by a preponderance of the evidence. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by Indemnitee in the Delaware Court. No determination by the Company (including by its directors
or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct or failure by the Company to reach such a determination may be used as a defense to any legal proceedings brought by Indemnitee to secure
indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct. 

(ii) Reliance as a Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of
good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions,
or omissions to act, are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Company or
any of its subsidiaries in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other
Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, employee, or agent of the Company
or any of its subsidiaries shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder. 

(iii) No Other Presumptions. 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, will not create a presumption that Indemnitee did not meet any applicable standard of conduct or have any particular belief, or
that indemnification hereunder is otherwise not permitted. 
 (iv) Defense to Indemnification and Burden of Proof.
It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim related to an Indemnifiable Event in advance of
its final disposition) that it is not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In connection with any such action or any related Standard of Conduct Determination, the burden of proving such a
defense or that Indemnitee did not satisfy the applicable standard of conduct shall be on the Company by a preponderance of the evidence. 

(v) Resolution of Claims. The Company acknowledges that a settlement or other disposition short of final judgment
may be successful on the merits or otherwise for purposes of Section 11(a)(i) if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which
Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without 

  
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limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or
otherwise for purposes of Section 11(a)(i). The Company shall have the burden of proof to overcome this presumption by a preponderance of the evidence. 

12. Exclusions from Indemnification. Notwithstanding anything in this Agreement to the contrary, the Company shall
not be obligated to: 
 (a) indemnify or advance funds to Indemnitee for Expenses or Losses with respect to proceedings
initiated by Indemnitee, including any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense, except: 

(i) proceedings referenced in Section 5 above (unless a court of competent jurisdiction determines that each of the
material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous); or 
 (ii) where
the Company has joined in or the Board has consented to the initiation of such proceedings. 
 (b) indemnify Indemnitee
if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited by applicable law. 

(c) indemnify Indemnitee for the disgorgement of profits arising from the purchase or sale by Indemnitee of securities of
the Company in violation of Section 16(b) of the Exchange Act, or any similar law. 
 (d) indemnify or advance funds
to Indemnitee for Indemnitee’s reimbursement to the Company of any bonus or other incentive-based or equity-based compensation previously received by Indemnitee or payment of any profits realized by Indemnitee from the sale of securities of the
Company, as required in each case under the Exchange Act (including any such reimbursements under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or the payment to the Company of profits
arising from the purchase or sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act). 

13. Settlement of Claims. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in
settlement of any threatened or pending Claim related to an Indemnifiable Event effected without the Company’s prior written consent, which shall not be unreasonably withheld. The Company shall not settle any Claim related to an Indemnifiable
Event in any manner that would impose any Losses on Indemnitee without Indemnitee’s prior written consent. The Company shall not, without the prior written consent of Indemnitee, effect any settlement of any Claim relating to an Indemnifiable
Event to which Indemnitee is or could have been a party unless such settlement solely involves the payment of money and includes a complete and unconditional release of Indemnitee from all liability on all claims that are the subject matter of such
Claim. 
 14. Duration. All agreements and obligations of the Company contained herein shall continue during the
period that Indemnitee is a director, officer, employee, member, manager, or agent of the Company or any subsidiary of the Company (or is serving at the request of the Company as a director, officer, employee, member, manager, partner, trustee, or
agent of another Enterprise) 

  
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and shall continue thereafter (i) so long as Indemnitee may be subject to any possible Claim relating to an Indemnifiable Event (including any rights of appeal thereto) and
(ii) throughout the pendency of any proceeding (including any rights of appeal thereto) commenced by Indemnitee to enforce or interpret his or her rights under this Agreement, even if, in either case, he or she may have ceased to serve in such
capacity at the time of any such Claim or proceeding. 
 15.
Non-Exclusivity. The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under the Constituent Documents, the laws of the State of Delaware, any other contract or
otherwise (collectively, “Other Indemnity Provisions”); provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be
deemed to have such greater right hereunder, and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the date hereof,
Indemnitee will be deemed to have such greater right hereunder. The assertion of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion of any other right or remedy. 

16. Liability Insurance. For the duration of Indemnitee’s service as a director or officer of the Company, and
thereafter for so long as Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost
thereof) to obtain and continue to maintain in effect policies of directors’ and officers’ liability insurance providing coverage that is at least substantially comparable in scope and amount to that provided by the Company’s current
policies of directors’ and officers’ liability insurance. The insurance provided pursuant to this Section 16 shall be primary insurance to the Indemnitee for any Indemnifiable Event and/or Expense to which such insurance applies. In
all policies of directors’ and officers’ liability insurance maintained by the Company, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably
insured of the Company’s directors, if Indemnitee is a director, or of the Company’s officers, if Indemnitee is an officer (and not a director) by such policy. Upon request, the Company will provide to Indemnitee copies of all
directors’ and officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials. 

17. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to
Indemnitee in respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, the Constituent Documents, Other Indemnity Provisions or otherwise of the amounts otherwise (including from another Enterprise)
indemnifiable by the Company hereunder. 
 18. Subrogation. In the event of payment to Indemnitee under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee. Indemnitee 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 effectively to bring suit to enforce such rights. 
 19.
Amendments; Waivers. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the
form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of 

  
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any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in
exercising any right or remedy hereunder shall constitute a waiver thereof. 
 20. Injunctive Relief. It is
recognized and acknowledged by the parties that a breach of this Agreement, including but not limited to a breach of Section 4, will cause irreparable damage to Indemnitee, the exact amount of which will be difficult or impossible to ascertain,
and that the remedies at law for any such breach will be inadequate. Accordingly, the Company agrees that in the event of a breach, in addition to any other remedy which may be available at law or in equity, Indemnity shall be entitled to specific
performance and injunctive relief. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent
injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company and Indemnitee acknowledge that in the absence of a waiver, a bond or undertaking may be required by the Delaware Court, and they
hereby waive any such requirement of such a bond or undertaking. 
 21. Enforcement and Binding Effect. 

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

(b) Without limiting any of the rights of Indemnitee under any Other Indemnity Provisions as they may be amended from time
to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect
to the subject matter hereof. 
 (c) This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, 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 substances 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. 
 22. Severability. The provisions of this Agreement shall be severable in the event that any of
the provisions hereof (including any portion thereof) are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by
law. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. 

  
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 23. Notices. All notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, by postage prepaid, certified or registered mail: 

(a) if to Indemnitee, to the address set forth on the signature page hereto. 

(b) if to the Company, to: 

The Real Good Food Company, Inc. 

Attn: Chief Executive Officer 

3 Executive Campus, Suite 155 

Cherry Hill, NJ 08002 

Notice of change of address shall be effective only when given in accordance with this Section 23. All notices
complying with this Section 23 shall be deemed to have been received on the date of hand delivery or on the third business day after mailing. 

24. Governing Law and Forum. This Agreement shall be governed by and construed and enforced in accordance with the
laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to its principles of conflicts of laws. The Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any
action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Court and not in any other state or federal court in the United States or any other country, (b) consent to submit to the exclusive
jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, and (c) waive, and agree not to plead or make, any claim that the Delaware Court lacks venue or that any such
action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 
 25.
Headings. The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof. 

26. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original, but all of which together shall constitute one and the same Agreement. 
 [Remainder of Page Intentionally
Left Blank; Signature Page Follows] 

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

			
	 COMPANY:

	
	 THE REAL GOOD FOOD COMPANY, INC.

		
	 By:
	 	      

		 	     Gerard G. Law, Chief Executive Officer

  

			
	 INDEMNITEE:

	
	
	
	  

	
	  

	(Print Name)
		
	 Address:
	 	          

		
		 	  

		
		 	  

 [Signature Page to Indemnification Agreement]

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