Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
 HEARTWARE INTERNATIONAL, INC. 

REGISTRATION RIGHTS AGREEMENT 

Dated as of December 1, 2013 
  

 

 REGISTRATION RIGHTS AGREEMENT 

REGISTRATION RIGHTS AGREEMENT, dated as of December 1, 2013 (as it may be amended from time to time, this “Agreement”),
among HeartWare International, Inc., a Delaware corporation (“Parent”), each of the stockholders of CircuLite, Inc., a Delaware corporation (the “Company”), executing and delivering a signature page hereto (each,
together with any subsequent holder of Registrable Securities that becomes a party hereto in accordance with the terms hereof, a “Holder” and collectively, the “Holders”) and Shareholder Representative Services LLC,
a Colorado limited liability company (the “Securityholder Representative”), as representative of the Holders and the other Company Securityholders. Capitalized terms used in this Agreement are defined in Article 1 of this
Agreement. Capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to such terms in the Merger Agreement (as defined below). 

RECITALS 
 WHEREAS,
Parent, the Company, Chronos Merger Sub Inc., a wholly-owned indirect subsidiary of Parent (“Merger Sub”), and the Securityholder Representative, as representative of the holders of the Company’s securities, are parties to that
certain Agreement and Plan of Merger, dated as of December 1, 2013 (as it may be amended from time to time, the “Merger Agreement”), pursuant to which the Holders will receive shares of Parent Common Stock that will be issued
in a private placement in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act; and 

WHEREAS, in connection with the consummation of the transactions contemplated by the Merger Agreement, Parent has agreed to enter into this
Agreement with the initial Holders to provide the Holders with certain registration rights with respect to the Parent Shares. 
 NOW,
THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be
legally bound hereby, the parties agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section
1.1 Definitions. For purposes of this Agreement, the following terms shall have the respective meanings set forth below: 

(a) “Affiliate” has the meaning assigned thereto by Rule 12b-2 under the Exchange Act. In addition, for
purposes of Section 5.1 and Section 6.6, “Affiliate” of a Holder shall also include one or more funds or other investment vehicles that are under common management with such Holder but, for the avoidance of doubt,
shall not include any investors in such Holder, funds or other investment vehicles or any portfolio companies of any of the foregoing. 

 (b) “Business Day” means each day that is not a Saturday, Sunday
or other day on which banking institutions located in New York, New York are authorized or obligated by law or executive order to close. 

(c) “Closing” means the closing of the transactions contemplated by the Merger Agreement. 

(d) “Commission” means the Securities and Exchange Commission and any successor thereto. 

(e) “Designated Holder” means each of the Holders identified on Schedule 1 hereto, and any
Affiliate of such Person that becomes a Holder of Registrable Securities as a permitted assignee of such Person hereunder. 

(f) “EDGAR” means the Commission’s Electronic Data Gathering, Analysis, and Retrieval system. 

(g) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 (h) “Parent Common Stock” means (i) the common stock, par value $0.001 per
share, of Parent and (ii) any and all equity interests of Parent or any successor of Parent (whether by merger, consolidation, sale of assets or otherwise) issued or issuable with respect to the foregoing by way of stock dividend or a stock
split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise. 

(i) “Parent Shares” means any and all shares of Parent Common Stock (i) issued to the Holders pursuant to
the Merger Agreement either as Distributable Closing Consideration on the Closing Date or as a Milestone Payment or Revenue Payment on a Contingent Payment Date (but, for the avoidance of doubt, shall not include any shares of Parent Common Stock
issued under the Management Sale Bonus Plan or the Award Plan) and (ii) issued or issuable with respect to the foregoing by way of stock dividend or a stock split or in connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization or otherwise. 
 (j) “Person” means an individual, corporation,
partnership, limited liability company, joint venture, association, trust, unincorporated organization or other entity. 

(k) “Registrable Securities” means, at any time, the Parent Shares then held by any Holder; provided,
however, that such Registrable Securities shall cease to be Registrable Securities with respect to any Holder upon the earliest to occur of the following: 

(i) a registration statement with respect to the sale of such Registrable Securities has become effective under the Securities
Act and all such Registrable Securities have been disposed of in accordance with such registration statement; 

  
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 (ii) such Registrable Securities have been sold under any section of
Rule 144; 
 (iii) such Registrable Securities can be disposed of without registration and without regard to the volume
limitation or manner of sale requirement pursuant to Rule 144; provided that such Registrable Securities held by a Designated Holder shall continue to constitute Registrable Securities solely for purposes of conducting Permitted
Underwritten Offerings, but not for any other purpose (including, for the avoidance of doubt, not for purposes of Section 2.1 hereof); and provided further that such Registrable Securities shall become Registrable Securities again
for all purposes under this Agreement at such later time as they may cease to be eligible for resale without regard to the volume limitation or manner of sale requirement pursuant to Rule 144 due to either (1) Parent’s failure to meet
the public information requirement of Rule 144(c)(1) or (2) a material amendment of the Merger Agreement that prevents such Registrable Securities from benefiting from Rule 144(d)(3)(iii) (a “Reinstatement Event”);

 (iv) such Registrable Securities are held by Parent or one of its subsidiaries; or 

(v) such Registrable Securities have been sold in a private transaction in which the transferor’s rights under this
Agreement are not assigned to the transferee of such securities. 
 (l) “Registration Expenses” means any
and all expenses incident to the performance of or compliance with this Agreement, including without limitation: (i) all registration and filing fees; (ii) all fees and expenses associated with a required listing of the Registrable
Securities on any securities exchange or quotation service; (iii) fees and expenses with respect to filings required to be made with the NASDAQ Stock Market (and/or such other national securities exchange or national quotation service on which
shares of Parent Common Stock are then listed or quoted) or the Financial Industry Regulatory Authority (and, if applicable, the reasonable and documented fees and disbursements of one counsel to the underwriters in a Permitted Underwritten Offering
incident to securing any required review and qualification of the Financial Industry Regulatory Authority); (iv) fees and expenses of compliance with securities or “blue sky” laws (including reasonable fees and disbursements of one
counsel for the underwriters in a Permitted Underwritten Offering or Holders of Registrable Securities in connection with blue sky qualifications of the securities and determination of their eligibility for investment under the laws of such
jurisdictions); (v) printing expenses, messenger, telephone, mailing and delivery expenses; (vi) fees and disbursements of counsel for Parent and customary fees and expenses for independent registered public accountants retained by Parent
(including the expenses of any comfort letters or costs associated with the delivery by independent registered public accountants of a comfort letter or comfort letters); (vii) reasonable and documented fees and expenses for one counsel for all
Holders appointed by the Securityholder Representative and incurred (1) for the review of the Initial Registration Statement up to an aggregate of $10,000, (2) for the review of 

  
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any revisions made by Parent to a previously approved prospectus supplement up to an aggregate of $10,000 during the term of this Agreement or (3) in connection with a Permitted Underwritten
Offering or Parent Underwritten Offering up to an aggregate of $50,000 per such offering (for up to three such offerings); and (viii) customary fees and expenses of Parent’s transfer agent and registrar; provided, however,
that Registration Expenses shall not include, and Parent shall not have any obligation to pay, (a) underwriting or placement agent fees, including discounts and commissions with respect to shares sold by a Holder pursuant to this Agreement,
(b) except to the extent expressly provided otherwise in the foregoing, and without prejudice to Section 4.1, any legal fees and expenses of counsel to any Holder or underwriter or any other expenses incurred by or on behalf of any
Holder or the Securityholder Representative or (c) any expenses related to the transfer of Registrable Securities by a Holder pursuant to Section 6.6, including expenses related to the preparation and filing of an amended
prospectus. 
 (m) “Rule 144” means Rule 144 under the Securities Act or any successor rule. 

(n) “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. 
 (o) “Selling Holder” means a Holder who is selling Registrable Securities pursuant to a
registration statement. 
 Section 1.2 List of Other Defined Terms. The following capitalized terms are defined in the
sections or articles set forth below: 
  

			
	“Agreement”	    	Preamble
	“Company”	    	Preamble
	“Contingent Payment Parent Shares”	    	Section 2.1(b)
	“Contingent Payment Registration Statement”	    	Section 2.1(b)
	“Holder” and “Holders”	    	Preamble
	“Initial Parent Shares”	    	Section 2.1(a)
	“Initial Registration Statement”	    	Section 2.1(a)
	“Inspectors”	    	Section 3.1(k)
	“Merger Agreement”	    	Recitals
	“Merger Sub”	    	Recitals
	“Parent”	    	Preamble
	“Parent Underwritten Offering”	    	Section 2.3
	“Permitted Underwritten Offering”	    	Section 2.2(a)
	“Records”	    	Section 3.1(k)
	“Reinstatement Event”	    	Definition of Registrable Securities
	“Representative Losses”	    	Section 6.1(b)
	“Securityholder Representative”	    	Preamble
	“Violation”	    	Section 4.1

  
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 ARTICLE 2 

REGISTRATION RIGHTS 

Section 2.1 Shelf Registration. 

(a) Initial Registration Statement. 

(i) Parent shall use its reasonable best efforts to prepare and file with the Commission as promptly as practicable and in any
event within twenty-five (25) Business Days following the Closing Date a registration statement (the “Initial Registration Statement”) on Form S-3, Form S-1 or such other form that is then available to Parent and use
its reasonable best efforts to cause such registration statement to become effective as promptly as practicable, in each case registering the offering and sale of a number of Parent Shares equal to the sum of (x) the Parent Shares to be issued
under the Merger Agreement at Closing as part of the Closing Payment and (y) the Parent Shares that are expected to be issued in connection with a Relaunch Milestone Payment under the Merger Agreement ((x) and (y) together, the
“Initial Parent Shares”) by the Holders thereof; provided that during such twenty-five Business Day-period (as such period may be extended pursuant to the subsequent proviso) Parent shall not be required to file such Initial
Registration Statement before it has available for filing with the Commission historical financial statements of the Company and pro forma financial statements relating to the acquisition effected by the Merger that comply in all material respects
with Rule 3-05 and Article 11 of Regulation S-X and Item 9.01 of Form 8-K; provided further that if such historical financial statements or pro forma financial information are not available at the end of such
twenty-five Business Day-period, such period shall be extended by an additional ten (10) Business Days. To the extent Parent is then eligible therefor, the Initial Registration Statement shall be an automatic shelf registration statement as
defined in Rule 405 under the Securities Act. Parent shall, subject to Section 2.7, keep the Initial Registration Statement, once effective, continuously effective to the extent provided in clause (ii) below, until all Initial
Parent Shares covered thereby have ceased to be Registrable Securities. The Initial Registration Statement shall have a reasonable and customary plan of distribution (excluding underwritten offerings, except Permitted Underwritten Offerings and
Parent Underwritten Offerings). 
 (ii) If either: 

(A) the Initial Registration Statement has ceased to be effective prior to the date on which all Initial Parent Shares covered
thereby have ceased to be Registrable Securities; or 
 (B) all Initial Parent Shares have ceased to be Registrable
Securities, but have thereafter become Registrable Securities again pursuant to a Reinstatement Event and no registration statement is then effective that would permit the public offering and sale of such Initial Parent Shares on a continuous basis
pursuant to Rule 415 under the Securities Act; 

  
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 then, in each case, Parent shall prepare and file with the Commission as
promptly as practicable, but in any event within thirty (30) Business Days thereof, a new Initial Registration Statement in accordance with clause (i) of this subsection (a) with respect to all Initial Parent Shares that are then
Registrable Securities, and use its reasonable best efforts to cause such registration statement to become effective. 
 (b) Contingent
Payment Registration Statement. 
 (i) If any Parent Shares are issued on a Contingent Payment Date as a Milestone
Payment or a Revenue Payment and those Parent Shares are not otherwise covered by the Initial Registration Statement and are then Registrable Securities (any such Parent Shares, “Contingent Payment Parent Shares”), then Parent shall
prepare and file with the Commission as promptly as practicable, but in any event within thirty (30) Business Days of such issuance a registration statement (a “Contingent Payment Registration Statement”) on Form S-3,
Form S-1 or such other form that is then available to Parent, and use its reasonable best efforts to cause such registration statement to become effective as promptly as practicable, in each case registering the offering and sale of such
Contingent Payment Parent Shares by the Holders thereof. To the extent Parent is then eligible therefor, the Contingent Payment Registration Statement shall be an automatic shelf registration statement as defined in Rule 405 under the
Securities Act. Parent shall, subject to Section 2.7, keep such Contingent Payment Registration Statement, once effective, continuously effective to the extent provided in clause (ii) below until all Contingent Payment Shares covered
thereby have ceased to be Registrable Securities. Each Contingent Payment Registration Statement shall include a reasonable and customary plan of distribution (excluding underwritten offerings, except Permitted Underwritten Offerings and Parent
Underwritten Offerings). 
 (ii) If either: 

(A) such Contingent Payment Registration Statement has ceased to be effective prior to the date on which the Contingent
Payment Shares covered thereby have ceased to be Registrable Securities; or 
 (B) all such Contingent Payment Parent Shares
have ceased to be Registrable Securities, but have thereafter become Registrable Securities again pursuant to a Reinstatement Event and no registration statement is then effective that would permit the public offering and sale of such Contingent
Payment Parent Shares on a continuous basis pursuant to Rule 415 under the Securities Act; 
 then, in each case, Parent
shall prepare and file with the Commission as promptly as practicable, but in any event within thirty (30) Business Days thereof, a new Contingent Payment Registration Statement in accordance with clause (i) of this subsection (b)
with respect to all such Contingent Payment Parent Shares that are then Registrable Securities, and use its reasonable best efforts to cause such registration statement to become effective. 

  
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 (c) Management Sale Bonus Plan and Award Plan. Substantially concurrently with the filing
of the Initial Registration Statement, Parent shall file a registration statement on Form S-8 covering the issuance of shares of Parent Common Stock under the Management Sale Bonus Plan and the Award Plan. Parent shall use its reasonable best
efforts to keep such registration statement effective for as long as any shares of Parent Common Stock remain issuable under the Management Sale Bonus Plan or the Award Plan, as applicable. Notwithstanding anything else to the contrary herein, other
than this Section 2.1(c), none of the provisions of this Agreement shall apply to such registration statement on Form S-8, and it shall not be considered a “registration statement” for any other purpose. 

Section 2.2 Underwritten Offerings. 

(a) Subject to Section 2.3 through Section 2.7, Designated Holders shall be entitled to offer and sell their
Registrable Securities pursuant to an underwritten public offering; provided that the number of Registrable Securities to be sold in such offering is equal to or greater than six (6) times the average daily trading volume in Parent
Common Stock reported as “VWAP Volume” by Bloomberg (or any successor provider using similar methodology) during the 30 trading days prior to the delivery of the notice described in Section 2.2(b) (each such underwritten
offering, a “Permitted Underwritten Offering”). 
 (b) Designated Holders intending to participate in any Permitted
Underwritten Offering must notify Parent thereof in a written notice delivered by the Securityholder Representative that includes all information typically included in a selling stockholder notice and questionnaire. Parent shall select the managing
underwriter and any additional underwriters to be used in connection with a Permitted Underwritten Offering, subject to the prior written consent of the Securityholder Representative, such consent not to be unreasonably withheld or delayed.
Notwithstanding anything else herein, in no event shall Designated Holders be entitled to effect more than one (1) Permitted Underwritten Offering in any twelve month period or more than three (3) Permitted Underwritten Offerings during
the term of this Agreement. 
 (c) Parent shall prepare and file with the Commission as promptly as practicable, and in any event within
thirty (30) Business Days of the notice described in Section 2.2(b), a registration statement on an appropriate form under the Securities Act covering the Permitted Underwritten Offering, and use its reasonable best efforts to cause
such registration statement to become effective as promptly as practicable. To the extent that Parent is then eligible therefor, such registration statement shall be an automatic shelf registration statement as defined in Rule 405 under the
Securities Act. 
 (d) Parent’s obligations under this Section 2.2 are subject to Section 2.7, and in the event that
Parent exercises any of its rights under Section 2.7, the Securityholder Representative may, by giving written notice to Parent within five (5) Business Days of receipt of notice from Parent under Section 2.7, terminate such
Permitted Underwritten Offering, and any offering so terminated shall not count towards the limitation on the number of Permitted Underwritten Offerings in Section 2.2(b), but any Permitted Underwritten Offering that is terminated for
any other reason shall count towards such limitation. 

  
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 Section 2.3 Parent Registration. At any time following receipt of a notice from the
Securityholder Representative of a request for a Permitted Underwritten Offering pursuant to Section 2.2(b), Parent may elect, in lieu of such Permitted Underwritten Offering to include all or a portion of the Registrable Securities to
be sold in such Permitted Underwritten Offering in an underwritten public offering by Parent of any of its stock or other equity securities (“Parent Underwritten Offering”). Parent shall provide written notice of such election to
the Securityholder Representative, and such notice shall suspend Parent’s obligations under Section 2.2 for as long as Parent is in good faith pursuing such Parent Underwritten Offering for up to sixty (60) calendar days;
provided that such period may be extended for any reasonable period recommended by the managing underwriter or underwriters for such Parent Underwritten Offering. Parent shall have the right to select the managing underwriter(s) for any
Parent Underwritten Offering, which shall be one or more investment banking firms of nationally recognized standing. All Designated Holders proposing to distribute their Registrable Securities through such Parent Underwritten Offering shall enter
into an underwriting agreement among Parent and the underwriters in customary form, and such other agreements, including, but not limited to, custody agreements and lock-up agreements, requested by the managing underwriters, so long as all
Designated Holders participating in such Parent Underwritten Offering are required to enter into substantially similar custody agreements or lock-up agreements, as the case may be; provided that no Designated Holder shall be required to make
any representations or warranties or give any indemnities other than those related to title and ownership of, and power and authority to transfer, Registrable Securities and as to the accuracy and completeness of statements made in a registration
statement, prospectus or other document in reliance upon, and in conformity with, written information prepared and furnished to Parent or the managing underwriter(s) by such Designated Holder pertaining exclusively to such Designated Holder. Any
Parent Underwritten Offering conducted in lieu of a Permitted Underwritten Offering shall count towards the limitation on the number of Permitted Underwritten Offerings in Section 2.2(b), unless the amount of Registrable Securities to be
included in such Parent Underwritten Offering is reduced pursuant to Section 2.4 to less than 65% of the amount specified in the notice pursuant to Section 2.2(b), Parent exercises its rights under Section 2.7 with
respect to such Parent Underwritten Offering or Parent terminates such Parent Underwritten Offering pursuant to the next sentence. Parent may decide to terminate any Parent Underwritten Offering at any time in its sole discretion, whether or not any
Designated Holder has elected to include Registrable Securities in such Parent Underwritten Offering. 
 Section 2.4 Underwriting
Requirements. If the total amount of securities, including Registrable Securities, to be included in a Parent Underwritten Offering pursuant to Section 2.3 exceeds the maximum amount of securities that the underwriters determine
in their sole discretion will jeopardize the success of such Parent Underwritten Offering, then Parent shall be required to include in such Parent Underwritten Offering only that number of Registrable Securities of the Designated Holders
participating therein which the underwriters determine in their sole discretion will not jeopardize the success of such Parent Underwritten Offering (the Registrable Securities so included to be apportioned pro rata among such Designated Holders
according to the total amount of Registrable Securities sought to be included therein by each such Designated Holder or in such other proportions if mutually agreed to by such Designated Holders). 

  
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 Section 2.5 Furnish Information. It shall be a condition precedent to the
obligations of Parent to take any action pursuant to this Article 2 with respect to the Registrable Securities of any Holder that such Holder furnish to Parent such information regarding itself, the Registrable Securities held by it, and the
intended method of disposition of such securities as shall be reasonably required to effect the registration of such Holder’s Registrable Securities and are typically included in a selling stockholder notice and questionnaire. 

Section 2.6 Expenses of Registration. Except as otherwise provided in this Agreement, Parent shall bear all Registration
Expenses relating to Registrable Securities that are incurred pursuant to this Agreement. The Holders shall bear all expenses (other than any Registration Expenses) incurred in connection with the performance by the Holders of their obligations
under the terms of this Agreement; provided that the Designated Holders proposing to sell Registrable Securities in a Permitted Underwritten Offering shall bear any Registration Expenses incurred in connection therewith if the request for
such Permitted Underwritten Offering is withdrawn prior to its consummation (other than a withdrawal pursuant to Section 2.2(d) in response to Parent’s exercise of its suspension rights under Section 2.7 or a termination
of a Parent Underwritten Offering by Parent pursuant to Section 2.3), and such Designated Holders shall promptly reimburse Parent for any such Registration Expenses promptly upon request. 

Section 2.7 Suspension Rights. Notwithstanding anything to the contrary contained herein, Parent may, upon written notice (which
notice shall include a certificate signed by an executive officer of Parent stating that Parent is exercising its rights under this Section 2.7, a general statement of the reason for the suspension and an estimate of the length of the
suspension) to the Securityholder Representative, suspend (x) Parent’s obligation to file or have declared or keep effective any registration statement or any amendment thereto and (y) any Holder’s use of any prospectus which is
part of any registration statement (in which event each Holder shall discontinue sales of Registrable Securities pursuant to such registration statement) if (a) Parent is pursuing a material financing, acquisition, merger, joint venture,
reorganization, disposition or other similar transaction or Parent is resolving comments on its public filings with the Commission and the board of directors of Parent, or a validly appointed committee thereof, determines in its good faith judgment
that the use of the prospectus would materially interfere with Parent’s ability to pursue or consummate such a transaction or resolve such comments with the Commission or would require the public disclosure thereof or (b) Parent is in the
possession of other material non-public information the disclosure of which at such time, in the good faith judgment of the board of directors of Parent, or a validly appointed committee thereof, would reasonably be expected not to be in the best
interests of Parent; provided, however, that (i) there shall be no more than two suspensions in any period of twelve consecutive months and in no event shall such suspension period exceed an aggregate of ninety (90) days in
any consecutive 365-day period and (ii) during the first six months following the Closing Date, there shall not be suspension periods exceeding sixty (60) days in the aggregate. Upon disclosure of such information or the termination of the
condition described above, Parent shall promptly (x) provide notice to the Securityholder Representative, (y) terminate any suspension of sales it has put into effect and (z) take such other actions necessary to permit registered
sales of Registrable Securities as required or contemplated by this Agreement, including, if necessary, preparation and filing of a post-effective amendment or prospectus supplement so that the relevant registration statement and any prospectus
forming a part thereof will not include an 

  
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untrue statement of material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances in which they were made, not misleading. 

Section 2.8 Ongoing Reporting. So long as a Holder owns any Registrable Securities, Parent shall furnish to such Holder
forthwith upon written request: a written statement by Parent as to its compliance with the reporting requirements of Rule 144(c)(1) under the Securities Act (which obligation Parent shall be deemed to have complied with by indicating its
compliance in its most recent annual or quarterly report filed with the Commission); a copy of the most recent annual or quarterly report of Parent (which obligation Parent shall be deemed to have complied with if such report is available on EDGAR);
and such other Securities Act or Exchange Act reports as such Holder may reasonably request (which obligation Parent shall be deemed to have complied with if such reports are available on EDGAR). 

ARTICLE 3 
 REGISTRATION
PROCEDURES 
 Section 3.1 Registration Procedures. Whenever required to effect the registration of Registrable Securities
or facilitate the distribution thereof pursuant to an already effective registration statement, Parent shall, as expeditiously as reasonably practicable: 

(a) prepare and file with the Commission such amendments, post-effective amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to maintain the effectiveness of such registration and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities
covered by such registration statement during the period in which such registration statement is required to be kept effective pursuant to Section 2.1; provided, however, that before filing such registration statement or
any amendments or supplements thereto or the prospectus used in connection therewith, Parent will furnish copies of all such documents proposed to be filed (other than Exchange Act documents incorporated by reference), to counsel for the Selling
Holders, the underwriters in a Permitted Underwritten Offering or Parent Underwritten Offering and counsel for such underwriters of Registrable Securities covered by such registration statement, provide reasonable time for the Securityholder
Representative, such underwriters (if any) and their respective counsel to comment upon such documents if so requested by the Securityholder Representative or any such underwriters and consider all such comments reasonably requested by the
Securityholder Representative, underwriters (if any) and their respective counsel, it being agreed that references to counsel for the Selling Holders in this Section 3.1(a) shall refer to one counsel designated by the Securityholder
Representative; and provided further that, in the case of a Parent Underwritten Offering, Parent shall be required to consider only those comments that are received within one (1) Business Day of the date on which Parent has
provided the relevant document; 
 (b) furnish to each Holder of Registrable Securities being registered and the underwriters
in a Permitted Underwritten Offering or Parent Underwritten Offering, if any, without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits)

  
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other than those which are being incorporated into such registration statement by reference, such number of copies of the prospectus contained in such registration statements (including each
complete prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act in conformity with the requirements of the Securities Act as the Securityholder Representative or managing underwriter, if
any, may reasonably request, in each case to the extent any such documents are not available on EDGAR; 
 (c) register or
qualify all Registrable Securities under such other securities or “blue sky” laws of such jurisdictions as the Securityholder Representative and the underwriters of the securities being registered, if any, shall reasonably request, to keep
such registration or qualification in effect for so long as such registration statement is required to be kept effective, and take any other action which may be reasonably necessary to enable the Holders to consummate the disposition in such
jurisdiction of the Registrable Securities owned by the Holders; provided that Parent shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to the service of process in
any state or jurisdiction in which it is not now qualified or has not now so consented; 
 (d) notify the Securityholder
Representative if at any time a prospectus relating to the Registrable Securities is required to be delivered under the Securities Act, Parent becomes aware of the happening of any event as a result of which the applicable registration statement or
the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, and, at the request of the Securityholder Representative, promptly prepare and furnish to the Holders a reasonable number of copies of a supplement to or an amendment of such registration
statement or such prospectus as may be necessary so that such registration statement or, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, in each case to the extent such documents are not available on EDGAR; 

(e) comply or continue to comply with the Securities Act and the Exchange Act and with all applicable rules and regulations of
the Commission thereunder so as to enable any Holder to sell its Registrable Securities pursuant to Rule 144, including without limitation to make and keep public information available, as those terms are understood and defined in
Rule 144(c)(1), and, upon written request by such Holder and to the extent permitted by law, reasonably cooperate in the removal of restrictive legends on such Registrable Securities to enable such sale; 

(f) provide a transfer agent and registrar for all Registrable Securities covered by a registration statement not later than
ten (10) Business Days prior to the anticipated effective date of such registration statement; 

  
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 (g) notify the Securityholder Representative, promptly after it shall receive
notice thereof, of the time when such registration statement, or any post-effective amendments to the registration statement, shall have become effective, or a supplement to any prospectus forming part of such registration statement has been filed;

 (h) notify the Securityholder Representative of any request by the Commission for the amendment or supplement of such
registration statement or prospectus for additional information to the extent such request relates to the plan of distribution or information about the Selling Holders; 

(i) advise the Securityholder Representative, promptly after it shall receive notice or obtain knowledge thereof, of
(i) the issuance of any stop order, injunction or other order or requirement by the Commission suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for such purpose and use all
commercially reasonable efforts to prevent the issuance of any stop order, injunction or other order or requirement or to obtain its withdrawal if such stop order, injunction or other order or requirement should be issued, (ii) the issuance by
any state securities or other regulatory authority of any order suspending the qualification or exemption from qualification of any of the Registrable Securities under state securities or “blue sky” laws or the initiation or threat of
initiation of any proceedings for that purpose and (iii) the removal of any such stop order, injunction or other order or requirement or proceeding or the lifting of any such suspension; 

(j) use commercially reasonable efforts to obtain as soon as practicable the lifting of any stop order that might be issued
suspending the effectiveness of such registration statement; 
 (k) make available for inspection by any underwriter
participating in any Permitted Underwritten Offering or Parent Underwritten Offering and any attorney, accountant or other professional retained by such underwriter (collectively, the “Inspectors”), during normal business hours, all
financial and other records, pertinent corporate documents and properties of Parent (collectively, the “Records”) as shall be reasonably requested, and cause Parent’s officers, directors and authorized employees to supply all
information reasonably requested by any such Inspector in connection with establishing a defense under Section 11 of the Securities Act with respect to such registration statement. Records which Parent determines, in good faith, to be
confidential and which it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of the information contained in such Records to the underwriter is necessary to avoid or correct a
misstatement or omission in such registration statement, (ii) such disclosure is necessary to establish a due diligence defense for the underwriter, or (iii) the release of such Records is ordered pursuant to a subpoena or other order from
a court of competent jurisdiction, provided, however, that the foregoing inspecting and information gathering shall be conducted by one counsel designated by the managing underwriter in the Permitted Underwritten Offering or Parent
Underwritten Offering, as applicable; 

  
 12 

 (l) with respect to Permitted Underwritten Offerings only, furnish to each
underwriter, if any, a signed counterpart, addressed to such underwriter, of (i) an opinion or opinions of counsel to Parent and updates thereof and customary negative assurance letters and (ii) if eligible under applicable accounting
standards, a comfort letter or comfort letters from Parent’s independent public accountants, each in customary form and covering such matters of the type customarily covered by opinions or comfort letters, as the case may be, as the managing
underwriter reasonably requests; and 
 (m) if a disposition of Registrable Securities takes the form of a Permitted
Underwritten Offering or Parent Underwritten Offering, enter into a written underwriting, placement or similar agreements with any underwriters, placement agents or brokers in such form and containing such provisions as are customary for an issuer
in connection with a secondary sale of equity securities pursuant to an underwritten public offering and use its commercially reasonable efforts to facilitate such Permitted Underwritten Offering (including by making members of senior management of
Parent reasonably available, subject to availability and without undue disruption to Parent’s operations, to participate in customary brief due diligence calls with the underwriters, but not including any “road-show” or other
marketing activities other than one customary investor call per offering if so recommended by the managing underwriter). 
 Section 3.2
Covenants of Holders. 
 (a) In connection with the filing of any registration statement covering Registrable Securities
pursuant to this Agreement, each Selling Holder shall furnish in writing to Parent through the Securityholder Representative at least ten (10) Business Days prior to the filing of a registration statement to be filed hereunder such information
regarding such Holder (and any of its Affiliates), the Registrable Securities to be sold, the intended method of distribution of such Registrable Securities and such other information requested by Parent as is necessary or it reasonably deems
advisable for inclusion in the registration statement relating to such offering pursuant to the Securities Act and as is typically included in a selling stockholder notice and questionnaire, all of which information Parent shall have requested
before the fifteenth Business Day prior to the filing of such registration statement. Each such Selling Holder agrees to notify Parent as promptly as practicable of any inaccuracy or change in information previously furnished by such Selling Holder
to Parent or of the occurrence of any event in either case as a result of which any prospectus relating to such registration statement contains or would contain an untrue statement of a material fact regarding such Selling Holder or such Selling
Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Selling Holder or such Selling Holder’s intended method of disposition of such Registrable Securities necessary in
order to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to Parent any additional information required to correct and update any previously furnished information or required so that
such prospectus shall not contain, with respect to such Selling Holder or such Selling Holder’s intended method of disposition of Registrable Securities, an untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein not misleading in light of the circumstances then existing. Each Selling Holder agrees to deliver or cause delivery of the prospectus contained in any registration statement to any purchaser of

  
 13 

 
the Registrable Securities covered by such registration statement from such Holder to the extent required by law. 

(b) Each Holder agrees by acquisition of the Registrable Securities that (i) upon receipt of any notice from Parent pursuant to
Section 2.7 that the use of a prospectus included in a registration statement is suspended, such Holder will forthwith discontinue its disposition of Registrable Securities pursuant to the registration statement relating to such
Registrable Securities until such Holder’s receipt of a notice from Parent pursuant to Section 2.7 that such suspension has been terminated; (ii) upon receipt of any notice from Parent of the happening of any event of the kind
described in Section 3.1(d), such Holder will forthwith discontinue its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such Holder’s receipt of the copies
of the supplemented or amended prospectus contemplated by Section 3.1(d); (iii) upon receipt of any notice from Parent of the happening of any event of the kind described in clause (i) of Section 3.1(i), such Holder
will discontinue its disposition of Registrable Securities pursuant to such registration statement until such Holder’s receipt of the notice described in clause (iii) of Section 3.1(i); and (iv) upon receipt of any notice
from Parent of the happening of any event of the kind described in clause (ii) of Section 3.1(i), such Holder will discontinue its disposition of Registrable Securities pursuant to such registration statement in the applicable
state jurisdiction(s) until such Holder’s receipt of the notice described in clause (iii) of Section 3.1(i). Each Holder shall treat all notices received from Parent pursuant to Section 2.3, Section 2.7,
Section 3.1(d) or Section 3.1(i), including the fact that any such notice has been received, in the strictest confidence. 

ARTICLE 4 

INDEMNIFICATION 

Section 4.1 Indemnification by Parent. To the fullest extent permitted by law, Parent shall indemnify and hold harmless each
Selling Holder, any underwriter (as defined in the Securities Act) for such Selling Holder and each Person, if any, who controls such Selling Holder or such underwriter within the meaning of the Securities Act or the Exchange Act, and each officer,
director, agent (including the Securityholder Representative), employee and partner of the foregoing against any losses, claims, damages, liabilities (joint or several), costs and expenses (or actions in respect of any of the foregoing, whether
commenced or threatened, and whether or not such indemnified party is a party thereto), including amounts paid in settlement, arising out of or based upon any of the following statements or omissions (collectively a “Violation”):
(i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto or any other
document incorporated by reference therein or prepared by Parent incident to such registration or (ii) the omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of
any prospectus, in light of the circumstances under which they were made) not misleading; and Parent will pay to each such indemnified party any expenses reasonably incurred by them in connection with investigating or defending any such loss, claim,
damage, liability or action, including, subject to Section 4.3, expenses of counsel; provided, however, that the indemnity agreement contained in this Section 4.1 shall not apply to amounts paid in settlement of
any such loss, claim, damage, liability or action if such settlement is effected without the consent of Parent (which consent shall not be unreasonably withheld), nor 

  
 14 

 
shall Parent be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon (x) a Violation which occurs in reliance
upon and in conformity with information with respect to such Selling Holder, underwriter or controlling person furnished in writing expressly for use in connection with such registration by such Selling Holder, underwriter or controlling person or
(y) a sale of Registrable Securities by such Selling Holder in violation of Section 3.2(b). 
 Section 4.2
Indemnification by the Holders. To the fullest extent permitted by law, each Selling Holder, severally and not jointly, shall indemnify and hold harmless Parent, each of its directors, each of its officers who has signed the registration
statement in which the Selling Holder is participating, each Person, if any, who controls Parent within the meaning of the Securities Act, any underwriter and any controlling person of any such underwriter, against any losses, claims, damages,
liabilities (joint or several), costs and expenses (or actions in respect of any of the foregoing, whether commenced or threatened), including amounts paid in settlement, in connection with, arising out of or based upon any Violation, in each case
to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with information furnished in writing by or on behalf of such Holder, with respect to such Holder, expressly for use in connection with such
registration statement, and each such Holder will pay to each such indemnified party any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the indemnity agreement contained in this Section 4.2 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the
consent of the Securityholder Representative (which consent shall not be unreasonably withheld); provided further that the obligation to indemnify and hold harmless shall be several, not joint and several, among such Selling Holders
and the liability of each such Selling Holder shall be in proportion to and limited to the net proceeds (after giving effect to underwriting discounts and commissions) received by such Selling Holder from the sale of Registrable Securities pursuant
to such registration statement. 
 Section 4.3 Notices of Claims, Etc. In the event of the commencement of any action or
proceeding (including any governmental investigation) with respect to which an indemnified party seeks indemnification or contribution pursuant to this Article 4, such indemnified party will promptly deliver to the indemnifying party a
written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume, at the
indemnifying party’s expense, the defense thereof, with counsel reasonably satisfactory to the indemnified party, by giving written notice to the indemnified party within twenty (20) days of the receipt of written notice from the
indemnified party of such proceeding of its intention to do so and acknowledging in writing the obligations of the indemnifying party with respect to such proceeding; provided, however, that an indemnified party (together with all
other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the reasonable fees and expenses to be paid by the indemnifying party, if representation of such
indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure
to deliver written notice to the indemnifying party within a reasonable time of receipt of notice of any such proceeding shall not relieve the 

  
 15 

 
indemnifying party of any liability to the indemnified party under this Article 4 except to the extent the indemnifying party was materially prejudiced by such failure (and, in any event,
the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Article 4). No indemnifying party, in the defense of any pending or
threatened claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement unless such settlement (i) includes as an unconditional term thereof the giving by the
claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation and (ii) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of
any indemnified party. Each indemnified party shall furnish such information regarding itself or the claim in question as an indemnifying party may reasonably request in writing and as shall be reasonably required in connection with defense of such
claim and litigation resulting therefrom. For purposes of this Section 4.3, all Holders and their respective Affiliates and the Securityholder Representative together shall be deemed to constitute one indemnified party that is
represented by the Securityholder Representative. 
 Section 4.4 Contribution. If the indemnification provided for in this
Article 4 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations. The
relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to
information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. The parties hereto agree that it
would not be just or equitable if the contribution pursuant to this Section 4.4 were to be determined solely by pro rata allocation or by any other method of allocation that does not take into account such equitable considerations. In no
event shall the liability of an indemnifying party under this Section 4.4 be greater in amount than such Person would have been obligated to pay by way of indemnification if the indemnification provided for under Section 4.1
or Section 4.2, as applicable, had been available under the circumstances. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
Person who was not guilty of fraudulent misrepresentation. A Selling Holder’s obligation to contribute pursuant to this Section 4.4 shall be in proportion to and limited to the net proceeds (after giving effect to underwriting
discounts and commissions) received by such Selling Holder from the sale of Registrable Securities pursuant to such registration statement. In addition, no Person shall be obligated to contribute hereunder any amounts in payment of any settlement of
any action effected without such Person’s consent (such consent not to be unreasonably withheld). 
 Section 4.5 Survival;
Conflict. The obligations of Parent and the Holders under this Article 4 shall survive the completion of any offering of Registrable Securities covered by a registration statement under Article 2. Notwithstanding the foregoing,
except to the 

  
 16 

 
extent set forth herein with respect to indemnification of Parent, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in
connection with a Permitted Underwritten Offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

ARTICLE 5 
 MARKET
STAND-OFF AGREEMENT 
 Section 5.1 Market Stand-Off Agreement. Each Designated Holder hereby agrees that it shall not, to
the extent required by an underwriter of securities of Parent in connection with an underwritten offering in which any Designated Holder participates, directly or indirectly sell, offer, pledge, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell (including without limitation any short sale), grant any option, right or warrant for the sale of or otherwise transfer or dispose of any Registrable Securities for up to ninety (90) days
following the date of an underwriting agreement with respect to a firm commitment underwritten public offering of Parent’s securities without the consent of the underwriter; provided that if Parent or other stockholders of Parent
participating in the offering (holding, individually, at least a similar number of shares of Parent Common Stock following such offering as are held by such Designated Holder and its Affiliates after such offering), shall enter into similar
agreements in connection with such underwritten public offering on less restrictive terms, the foregoing restrictions shall be deemed amended to conform to such less restrictive terms, and if any such other stockholders do not enter into any such
similar agreements, each Designated Holder shall not be required to enter into any such similar agreements. 
 ARTICLE 6  

MISCELLANEOUS 
 Section
6.1 Securityholder Representative. 
 (a) By delivering a signature page to this Agreement or otherwise becoming a party hereto,
each Holder designates and appoints the Securityholder Representative as such Holder’s agent and attorney-in-fact with full power and authority to act for and on behalf of such Holder in all matters pertaining to this Agreement. Notices and
communications sent to the Securityholder Representative by Parent shall be deemed notices and communications to each of the Holders, and notices and communications sent to Parent by the Securityholder Representative shall be deemed notices and
communications by each of the Holders, in each case for all purposes under this Agreement. Any document delivered to the Securityholder Representative pursuant to this Agreement shall be deemed delivered to each Holder. A decision, consent, waiver,
instruction or any other act or omission to act on the part of the Securityholder Representative shall constitute an act or omission by each of the Holders and shall be final, binding and conclusive upon each of them. Parent may conclusively rely
upon such act or omission on the part of the Securityholder Representative as being the act or omission of each of the Holders, and Parent and each of its directors, officers, employees and agents are hereby relieved from any liability for any acts
or omissions on their part taken in accordance with any such act or omission on the part of the Securityholder Representative. As used in this 

  
 17 

 
Agreement, the term “Securityholder Representative” includes any successor Securityholder Representative appointed in accordance with the terms of its engagement. 

(b) The Holders shall indemnify, defend and hold the Securityholder Representative harmless against, and the Securityholder Representative
shall have no liability to the Holders in respect of, any and all losses, liabilities, expenses, damages, claims, penalties, fines, forfeitures, actions, out of pocket fees, costs and expenses (including reasonable and documented fees and expenses
of counsel) (collectively, “Representative Losses”) arising out of or in connection with the Securityholder Representative’s execution and performance of the Transaction Documents, in each case as such Representative Loss is
suffered or incurred absent the Securityholder Representative’s or its Affiliates’ gross negligence, fraud or willful misconduct. The Securityholder Representative may, in its discretion, direct the disbursement of a portion of any payment
payable to the Holders pursuant to the Merger Agreement as reimbursement in respect of any such Representative Loss, prior to disbursing the remaining amount of such payment to the Holders. Notwithstanding anything to the contrary herein, the
provisions of Section 6.7 of the Merger Agreement shall be deemed incorporated by reference herein and shall apply with respect to the parties hereto mutatis mutandis and to the extent that there is any conflict between the provisions of this
Section 6.1 and Section 6.7 of the Merger Agreement, the provisions of Section 6.7 of the Merger Agreement shall govern. For the avoidance of doubt, this Section 6.1(b) is an agreement solely among the Securityholder
Representative and the Holders and shall in no way be binding on Parent. 
 Section 6.2 Termination; Survival.

 (a) Subject subsections (b) and (c) below, the rights of each Holder under this Agreement shall terminate upon the earlier of
(i) the date that all of the Registrable Securities held by such Holder cease to be Registrable Securities, and (ii) one year from the date of this Agreement. 

(b) If any Registrable Securities have ceased to be Registrable Securities but have subsequently become Registrable Securities again pursuant
to a Reinstatement Event, the rights of the Holder of such Registrable Securities under this Agreement shall be reinstated with respect to such Registrable Securities and shall terminate upon the earlier of (i) the date that such Registrable
Securities have subsequently ceased to be Registrable Securities and (ii) the first anniversary of the Reinstatement Event. 
 (c) The
rights of the Designated Holders to request a Permitted Underwritten Offering under Section 2.2 shall terminate on the tenth anniversary hereof. 

(d) Unless previously terminated pursuant to subsections (a), (b) or (c) of this Section 6.2, the rights of all Holders under this
Agreement shall terminate six months after the tenth anniversary hereof. 
 (e) The obligations of the parties under Article 4,
Section 6.15, Section 6.16 and Section 6.17 and any claim based on fraud or intentional misrepresentation, shall survive the termination of this Agreement. 

  
 18 

 Section 6.3 Counterparts; Additional Holders. This Agreement may be executed
manually or by facsimile or by other electronic transmission in multiple counterparts. If so executed, all of such counterparts shall constitute but one agreement, and, in proving this Agreement, it shall not be necessary to produce or account for
more than one such counterpart. Holders of Registrable Securities that are not party to this Agreement as of the date hereof but are either (x) entitled to receive Registrable Securities pursuant to the Merger Agreement or (y) permitted
assigns of holders of Registrable Securities pursuant to Section 6.6, may execute counterparts to this Agreement or a customary joinder agreement without the consent or additional signatures of the Holders party hereto, and upon
Parent’s receipt of such additional holder’s executed signature pages or, at the request of Parent, an executed joinder agreement hereto, such additional holder shall be deemed a party hereto. 

Section 6.4 Prior Agreement; Construction; Entire Agreement. This Agreement represents and constitutes the entire
agreement among each of the parties hereto with respect to the subject matter hereof. It is expressly understood that no representations, warranties, guarantees or other statements shall be valid or binding upon a party unless expressly set forth in
this Agreement. It is further understood that any prior agreements or understandings between the parties with respect to the subject matter hereof have merged in this Agreement, which together fully express all agreements of the parties hereto as to
the subject matter hereof and supersede all such prior agreements and understandings. 
 Section 6.5 Notices. Any
notice or communication required under or otherwise delivered in connection with this Agreement to any of the parties hereto shall be written and shall be delivered to such party at the following address: 

If to the Securityholder Representative or any Holder, to the Securityholder Representative at: 

 

			
	Shareholder Representative Services LLC
	1614 15th Street, Suite 200
	Facsimile: (303) 623-0294
	Email: deals@shareholderrep.com
	Attention: Managing Director

 with a copy to (which shall not
constitute notice) to: 
  

			
	Paul, Weiss, Rifkind, Wharton & Garrison LLP
	1285 Avenue of the Americas
	New York, NY 10019-6064
	Facsimile: (212) 757-3990
	Email:	  	rschumer@paulweiss.com
		  	tstewart@paulweiss.com

			
	Attention:	  	Robert B. Schumer, Esq.
		  	Tarun M. Stewart, Esq.

 If to Parent to: 

  
 19 

			
	HeartWare International, Inc.
	205 Newbury Street, Suite 101
	Framingham, MA 01701
	Facsimile: (508) 739-0948
	Email: lknopf@heartwareinc.com
	Attention: Lawrence Knopf, Esq.

 with a copy to (which shall not
constitute notice) to: 
  

			
	Shearman & Sterling LLP
	599 Lexington Avenue
	New York, NY 10022
	Facsimile: (212) 848-7179
	Email:	  	cobrien@shearman.com
		  	robert.katz@shearman.com

			
	Attention:	  	Clare O’Brien, Esq.
		  	Robert Katz, Esq.

 Each notice shall be in writing and shall be sent to the party to receive it, postage prepaid by certified
mail, return receipt requested, or by a nationally recognized overnight courier service that provides tracking and proof of receipt. Notices shall be deemed delivered upon receipt, except that in the case of email or facsimile transmission, notices
shall be deemed delivered immediately (so long as confirmation of transmission is electronically or mechanically generated and kept on file by the sending party). 

Section 6.6 Successors and Assigns. Except as otherwise provided herein, this Agreement shall inure to be benefit
of and be binding upon the successors and assigns of each of the parties hereto, including subsequent holders of Registrable Securities that have executed and delivered to Parent their written agreement to be bound by all of the terms of this
Agreement as a “Holder” hereunder; provided that the rights of a Holder hereunder may only be assigned to an Affiliate of such Holder. Nothing in this Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

Section 6.7 Headings. Headings are included solely for convenience of reference and if there is any conflict between headings
and the text of this Agreement, the text shall control. 
 Section 6.8 Amendments and Waivers. The provisions of
this Agreement may be amended or waived at any time only by the written agreement of Parent and (x) the Securityholder Representative or (y) the Holders of a majority of the Registrable Securities then outstanding; provided that the
provisions of the preceding provision may not be amended or waived except in accordance with this sentence. Any waiver, permit, consent or approval of any kind or character on the part of the Securityholder Representative or any such Holders of any
provision or condition of this Agreement must be made in writing and shall be effective only to the extent specifically set forth in writing. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each Holder
and Parent. 

  
 20 

 Section 6.9 Securities Register Notation. Each Holder acknowledges that Parent has
instructed the transfer agent for the Parent Shares to note on each Holder’s securities account that the Parent Shares reflected in such account have not been registered under the Securities Act and may not be offered or sold except pursuant to
an effective registration statement or an exemption from registration as provided in this Agreement. 
 Section 6.10 Interpretation;
Absence of Presumption. For the purposes hereof, (i) words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the context requires, (ii) the terms
“hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section,
paragraph or other references are to the Sections, paragraphs, or other references to this Agreement unless otherwise specified, (iii) the word “including” and words of similar import when used in this Agreement shall mean
“including, without limitation,” unless the context otherwise requires or unless otherwise specified, (iv) the word “or” shall not be exclusive, (v) provisions shall apply, when appropriate, to successive events and
transactions, (vi) when calculating the period of time before which, within which or following which any act is to be done or step to be taken pursuant to this Agreement, the date that is reference date in calculating such period shall be
excluded and if the last day of such period is not a Business Day, then the period shall end on the next succeeding Business Day and (vii) any reference to any law shall be deemed also to refer to all rules and regulations promulgated
thereunder and as such law or rules and regulations may be amended, supplemented or otherwise modified. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting
or causing any instruments to be drafted. 
 Section 6.11 Cumulative Remedies. The remedies provided herein are cumulative and
not exclusive of any other remedies provided by law. 
 Section 6.12 Severability. If any provision of this Agreement is held
to be illegal, invalid or unenforceable under present or future laws, such provision shall be fully severable, this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this
Agreement, and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement, unless such severance and
construction would materially alter the intent of the parties hereto with respect to the transactions contemplated by this Agreement. 

Section 6.13 Specific Performance; Other Rights. The parties hereto recognize that various rights rendered under this Agreement
are unique and that monetary damages would not provide adequate compensation if the provisions of this Agreement were not performed by them in accordance with the terms hereof or were otherwise breached and, accordingly, the parties shall, in
addition to such other remedies as may be available to them at law or in equity, have the right to enforce the rights under this Agreement by actions for injunctive relief and specific performance. The parties agree not to raise any objections or
defenses to the availability of equitable remedies (including that a remedy at law would be adequate) to prevent or restrain breaches of this Agreement and to specifically enforce the terms 

  
 21 

 
and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the parties under this Agreement. 

Section 6.14 No Waiver. The waiver of any breach of any term or condition of this Agreement shall not operate as a waiver of any
other breach of such term or condition or of any other term or condition, nor shall any failure to enforce any provision hereof operate as a waiver of such provision or of any other provision hereof. 

Section 6.15 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
DELAWARE, WITHOUT REGARD TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 Section 6.16 Jurisdiction. The parties agree that any
suit, action or other proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in any state or federal court located in
Wilmington, Delaware, and each of the parties hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or other proceeding and irrevocably waives, to the
fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or other proceeding in any such court or that any such suit, action or other proceeding brought in any such court
has been brought in an inconvenient forum. Process in any such suit, action or other proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each
party agrees that service of process on such party as provided in Section 6.5 shall be deemed effective service of process on such party. 

Section 6.17 Waiver of Jury Trial. Each party hereto hereby waives, to the fullest extent permitted by applicable law, any right
it may have to a trial by jury in respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement or any transaction contemplated hereby. Each party hereto (a) certifies that no representative, agent
or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce that foregoing waiver and (b) acknowledges that it and the other parties hereto have been
induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 6.17. 

[Signature Page Follows] 

  
 22 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the
date first written above. 
  

					
	HEARTWARE INTERNATIONAL, INC.
		
	By:	 	 /s/ Larry Knopf

		 	Name:	 	Larry Knopf
		 	Title:	 	Senior Vice President
	
	SHAREHOLDER REPRESENTATIVE SERVICES LLC, solely in its capacity as the Securityholder Representative
		
	By:	 	 /s/ W. Paul Koenig

		 	Name:	 	W. Paul Koenig
		 	Title:	 	Managing Director
	
	COÖPERATIEVE AAC LS U.A.
		
	By:	 	Forbion I Management B.V.
		
	By:	 	 /s/ M.A. van Osch

		 	Name:	 	M.A. van Osch
		 	Title:	 	Director
		
	By:	 	 /s/ H.A. Slootweg

		 	Name:	 	H.A. Slootweg
		 	Title:	 	Director
	
	FORBION CO-INVESTMENT COÖPERATIEF U.A.
		
	By:	 	Forbion I Management B.V.
		
	By:	 	 /s/ M.A. van Osch

		 	Name:	 	M.A. van Osch
		 	Title:	 	Director
		
	By:	 	 /s/ H.A. Slootweg

		 	Name:	 	H.A. Slootweg
		 	Title:	 	Director

 
					
	FORBION CO-INVESTMENT II COÖPERATIEF U.A.
		
	By:	 	Forbion I Co II Management B.V.
		
	By:	 	 /s/ M.A. van Osch

		 	Name:	 	M.A. van Osch
		 	Title:	 	Director
		
	By:	 	 /s/ H.A. Slootweg

		 	Name:	 	H.A. Slootweg
		 	Title:	 	Director
	
	M&F LIFE SCIENCES HOLDINGS I, LLC
		
	By:	 	 /s/ Eric Rose

		 	Name:	 	Eric Rose
		 	Title:	 	Authorized Signatory
	
	OBP IV-HOLDINGS LLC
		
	By:	 	OBP Management IV, L.P.,
		 	its General Partner
		
	By:	 	 /s/ Scott Halsted

		 	Name:	 	Scott Halsted
		 	Title:	 	Authorized Signatory
	
	MRNA II - HOLDINGS LLC
		
	By:	 	MRNA Fund II L.P.
		
	By:	 	OBP Management IV, L.P.,
		 	its General Partner
		
	By:	 	 /s/ Scott Halsted

		 	Name:	 	Scott Halsted
		 	Title:	 	Authorized Signatory

 
					
	FOUNDATION MEDICAL PARTNERS II, L.P.
		
	By:	 	Foundation Medical Managers II, LLC
		
	By:	 	 /s/ Lee Wrubel

		 	Name:	 	Lee Wrubel
		 	Title:	 	Authorized Signatory
	
	CREDIT LYONNAIS VENTURE CAPITAL (SCR)
	CREDIT AGRICOLE EUROPE INNOVATION 2008
	CAPITAL INVEST PME
	LCL INNOVATION 2007
	LCL INNOVATION 2008
		
	By:	 	Omnes Capital,
		 	its General Partner
		
	By:	 	 /s/ Alexia Perouse

		 	Name:	 	Alexia Perouse
		 	Title:	 	Co-Head Venture Capital
	
	SBBM CORPORATION
		
	By:	 	 /s/ Ippei Mimura

		 	Name:	 	Ippei Mimura
		 	Title:	 	Director
	
	DONALD S. BAIM REVOCABLE TRUST
		
	By:	 	 /s/ Caryn Paris

		 	Name:	 	Caryn Paris
		 	Title:	 	Trustee and executrix of estate

 
					
	FLEA STREET TRANSLATIONAL, LLC
		
	By:	 	 /s/ Ted Tussing

		 	Name:	 	Ted Tussing
		 	Title:	 	Managing Member
	
	PAULO, LLC
		
	By:	 	 /s/ Paul Teirstein

		 	Name:	 	Paul Teirstein
		 	Title:	 	Authorized Signatory
	
	ACCELERATED HOLDING CORPORATION
		
	By:	 	 /s/ John P. Brancaccio

		 	Name:	 	John P. Brancaccio
		 	Title:	 	Chief Financial Officer
	
	MARTIN LEON, MD
	
	 /s/ Martin Leon, MD

	
	WILLEM FLAMENG, MD
	
	 /s/ Willem Flameng, MD

	
	ROLF KAESE
	
	 /s/ Rolf Kaese

 
			
	JOSEPH MULLINGS
	
	 /s/ Joseph Mullings

	
	JOHN WANG
	
	 /s/ John Wang

	
	KAREN BRESTENSKY
	
	 /s/ Karen Brestensky

	
	MICHAEL WECHNER
	
	 /s/ Michael Wechner

	
	THOMAS MORTENSEN
	
	 /s/ Thomas Mortensen

	
	HORST SCHNEIDER
	
	 /s/ Horst Schneider

	
	BART MEYNS, MD
	
	 /s/ Bart Meyns, MD

	
	THORSTEN SIESS
	
	 /s/ Thorsten Siess

	
	SQUARE 1 BANK
		
	By:	 	 /s/ Lan Zhu

		 	Name: Lan Zhu
		 	Title: Client Manager
	
	 SVB FINANCIAL GROUP

		
	By:	 	 /s/ Michael Kruse

		 	Name: Michael Kruse
		 	Title: Treasurer
	
	DENISE REONIERI
	
	 /s/ Denise ReonieriEX-10.1

 Exhibit 10.1 
 INDEMNITY AGREEMENT 
 This Indemnity Agreement, dated as of
            , 2013 is made by and between Nimble Storage, Inc., a Delaware corporation (the “Company”), and
                    , a director, officer or key employee of the Company or one of the Company’s subsidiaries or other service provider who
satisfies the definition of Indemnifiable Person set forth below (“Indemnitee”). 
 RECITALS 

A. The Company is aware that competent and experienced persons are increasingly reluctant to serve as representatives of corporations
unless they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no
relationship to the compensation of such representatives; 
 B. The members of the Board of Directors of the Company (the
“Board”) have concluded that to retain and attract talented and experienced individuals to serve as representatives of the Company and its Subsidiaries and Affiliates and to encourage such individuals to take the business risks
necessary for the success of the Company and its Subsidiaries and Affiliates, it is necessary for the Company to contractually indemnify certain of its representatives and the representatives of its Subsidiaries and Affiliates, and to assume for
itself maximum liability for Expenses and Other Liabilities in connection with claims against such representatives in connection with their service to the Company and its Subsidiaries and Affiliates; 

C. Section 145 of the Delaware General Corporation Law (“Section 145”), empowers the Company to indemnify by
agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees or agents of other corporations, partnerships, joint ventures, trusts or other enterprises, and
expressly provides that the indemnification provided thereby is not exclusive; and 
 D. The Company desires and has requested
Indemnitee to serve or continue to serve as a representative of the Company and/or the Subsidiaries or Affiliates of the Company free from undue concern about inappropriate claims for damages arising out of or related to such services to the Company
and/or the Subsidiaries or Affiliates of the Company. 

 AGREEMENT 
 NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Definitions. 
 (a) Affiliate. For purposes of this Agreement,
“Affiliate” of the Company means any corporation, partnership, limited liability company, joint venture, trust or other enterprise in respect of which Indemnitee is or was or will be serving as a director, officer, trustee, manager,
member, partner, employee, agent, attorney, consultant, member of the entity’s governing body (whether constituted as a board of directors, board of managers, general partner or otherwise), fiduciary, or in any other similar capacity at the
request, election or direction of the Company, and including, but not limited to, any employee benefit plan of the Company or a Subsidiary or Affiliate of the Company. 
 (b) Change in Control. For purposes of this Agreement, “Change in Control” means (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange
Act), other than a Subsidiary or a trustee or other fiduciary holding securities under an employee benefit plan of the Company or Subsidiary, is or becomes the “Beneficial Owner” (as defined in Rule 13d-3 under said Act), directly or
indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding capital stock, or (ii) during any period of two consecutive years, individuals who at the beginning
of such period constitute the Board and any new director 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, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or consolidation that would result in the outstanding capital stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into capital stock of the surviving entity) at least 80% of the total voting power represented by the capital stock of the Company or such surviving entity outstanding immediately after such merger or consolidation,
or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions) of all or substantially all of the Company’s
assets. 
 (c) Expenses. For purposes of this Agreement, “Expenses” means all direct and indirect costs
of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, and other out-of-pocket costs), paid or incurred by Indemnitee in connection with either the investigation, defense or appeal of, or
being a witness in, a Proceeding (as defined below), or establishing or enforcing a right to indemnification under this Agreement, Section 145 or otherwise; provided, however, that Expenses shall not include any judgments, fines, ERISA excise
taxes or penalties or amounts paid in settlement of a Proceeding. 

  
 2 

 (d) Exchange Act. For purposes of this Agreement, “Exchange Act”
means the Securities Exchange Act of 1934, as amended. 
 (e) Indemnifiable Event. For purposes of this Agreement,
“Indemnifiable Event” means any event or occurrence related to the scope of Indemnitee’s service for or employment with the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined below), or by reason of
anything done or not done, or any act or omission, by Indemnitee in any such capacity. 
 (f) Indemnifiable Person. For
the purposes of this Agreement, “Indemnifiable Person” means the Indemnitee. 
 (g) Independent Counsel.
For purposes of this Agreement, “Independent Counsel” means legal counsel that has not performed services for the Company or Indemnitee in the five years preceding the time in question and that would not, under applicable standards
of professional conduct, have a conflict of interest in representing either the Company or Indemnitee. 
 (h) Other
Liabilities. For purposes of this Agreement, “Other Liabilities” means any and all liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, ERISA (or other benefit plan related) excise
taxes or penalties, and amounts paid in settlement and all interest, taxes, assessments and other charges paid or payable in connection with or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties,
or amounts paid in settlement). 
 (i) Proceeding. For the purposes of this Agreement, “Proceeding”
means any threatened, pending, or completed action, suit or other proceeding, whether civil, criminal, administrative, investigative, legislative or any other type whatsoever, preliminary, informal or formal, including any arbitration or other
alternative dispute resolution and including any appeal of any of the foregoing. 
 (j) Subsidiary. For purposes of this
Agreement, “Subsidiary” means any entity of which more than 50% of the outstanding voting securities is owned directly or indirectly by the Company. 
 2. Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an Indemnifiable Person in the capacity or capacities in which Indemnitee currently serves the Company as an
Indemnifiable Person, and any additional capacity in which Indemnitee may agree to serve, until such time as Indemnitee’s service in a particular capacity shall end according to the terms of an agreement, the Company’s Certificate of
Incorporation or Bylaws, governing law, or otherwise. Nothing contained in this Agreement is intended to create any right to continued employment or other form of service for the Company or a Subsidiary or Affiliate of the Company by Indemnitee.

 3. Mandatory Indemnification. 
 (a) Agreement to Indemnify. In the event Indemnitee is a person who was or is a party to or witness in or is threatened to be made a party to or witness in any Proceeding by reason of an
Indemnifiable Event, the Company shall indemnify Indemnitee from and against 

  
 3 

 
any and all Expenses and Other Liabilities incurred by Indemnitee in connection with (including in preparation for) such Proceeding to the fullest extent permitted by the provisions of the
Company’s Bylaws and the Delaware General Corporation Law (“DGCL”), as the same may be amended from time to time (but only to the extent that such amendment permits the Company to provide broader indemnification rights than the
Bylaws or the DGCL permitted prior to the adoption of such amendment). 
 (b) Exception for Amounts Covered by Insurance and
Other Sources. Notwithstanding the foregoing, except as provided in Section 3(c), the Company shall not be obligated to indemnify Indemnitee for Expenses or Other Liabilities of any type whatsoever (including, but not limited to judgments,
fines, penalties, ERISA excise taxes or penalties and amounts paid in settlement) to the extent such have been paid directly to Indemnitee (or paid directly to a third party on Indemnitee’s behalf) by any directors and officers, or other type,
of insurance maintained by the Company or pursuant to other indemnity arrangements with third parties. 
 (c) Company
Obligations Primary. The Company hereby acknowledges that Indemnitee may have rights to indemnification for Expenses and Other Liabilities provided by [name of VC or other sponsoring organization] (“Other Indemnitor”). The
Company agrees with Indemnitee that the Company is the indemnitor of first resort of Indemnitee with respect to matters for which indemnification is provided under this Agreement and that the Company will be obligated to make all payments due to or
for the benefit of Indemnitee under this Agreement without regard to any rights that Indemnitee may have against the Other Indemnitor. The Company hereby waives any equitable rights to contribution or indemnification from the Other Indemnitor in
respect of any amounts paid to Indemnitee hereunder. The Company further agrees that no reimbursement of Other Liabilities or payment of Expenses by the Other Indemnitor to or for the benefit of Indemnitee shall affect the obligations of the Company
hereunder, and that the Company shall be obligated to repay the Other Indemnitor for all amounts so paid or reimbursed to the extent that the Company has an obligation to indemnify Indemnitee for such Expenses or Other Liabilities hereunder.

 4. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the
Company for some or a portion of any Expenses or Other Liabilities but not entitled, however, to indemnification for the total amount of such Expenses or Other Liabilities, the Company shall nevertheless indemnify Indemnitee for such total amount
except as to the portion thereof for which indemnification is prohibited by the provisions of the Company’s Bylaws or the DGCL. In any review or Proceeding to determine the extent of indemnification, the Company shall bear the burden to
establish, by clear and convincing evidence, the lack of a successful resolution of a particular claim, issue or matter and which amounts sought in indemnity are allocable to claims, issues or matters which were not successfully resolved.

 5. Liability Insurance. So long as Indemnitee shall continue to serve the Company or a Subsidiary or Affiliate of the
Company as an Indemnifiable Person and thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed Proceeding as a result of an Indemnifiable Event, the Company shall use reasonable efforts to maintain
in full force and effect for the benefit of Indemnitee as an insured (a) liability insurance issued by one or more reputable insurers and having the policy amount and deductible deemed 

  
 4 

 
appropriate by the Board and providing in all respects coverage at least comparable to and in the same amount as that provided to the Chairman of the Board or the Chief Executive Officer of the
Company and (b) any replacement or substitute policies issued by one or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that being provided to the Chairman of the Board or the Chief
Executive Officer of the Company. The purchase, establishment and maintenance of any such insurance or other arrangements shall not in any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as
expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights and obligations of the Company or the other party or parties thereto under any such insurance
or other arrangement. 
 6. Mandatory Advancement of Expenses. 

(a) Advancement. If requested by Indemnitee, the Company shall advance prior to the final disposition of the Proceeding all
Expenses reasonably incurred by Indemnitee in connection with (including in preparation for) a Proceeding related to an Indemnifiable Event. Indemnitee hereby undertakes to repay such amounts advanced if, and only if and to the extent that, it shall
ultimately be determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Company’s Bylaws or the DGCL. The advances to be made hereunder shall be paid by the Company to Indemnitee or
directly to a third party designated by Indemnitee within thirty (30) days following delivery of a written request therefor by Indemnitee to the Company. Indemnitee’s undertaking to repay any Expenses advanced to Indemnitee hereunder shall
be unsecured and shall not be subject to the accrual or payment of any interest thereon. 
 (b) Exception.
Notwithstanding the provisions of Section 6(a), the Company shall not be obligated to make any further advance of Expenses to Indemnitee if any one of the following determines in good faith that the facts known to them at the time such
determination is made demonstrate clearly and convincingly that Indemnitee acted in bad faith: (i) those members of the Board consisting of directors who were not parties to the Proceeding for which a claim is made under this Agreement
(“Independent Directors”), even though less than a quorum, (ii) by a committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum, (iii) Independent Counsel, by
written legal opinion, or (iv) a panel of arbitrators (one of whom is selected by the Company, another of whom is selected by Indemnitee and the last of whom is selected by the first two arbitrators so selected). The Company shall have the
option to submit the question of whether Indemnitee has acted in bad faith to one of the four alternative decision makers set forth in the preceding sentence and to select the decision maker, but following a favorable determination to Indemnitee
rendered by the first decision maker selected, the Company may not submit the matter to another of the named decision makers. If the Company elects to submit the matter to Independent Counsel, such counsel shall be selected by Indemnitee and
approved by the Independent Directors or a committee of Independent Directors (which approval may not be unreasonably withheld). Any decision maker so selected shall render a decision within thirty (30) days of such decision maker’s
selection (which shall include in the case of Independent Counsel or a panel of arbitrators, when the person or persons acting as such counsel or such panel has or have been selected as provided above). 

  
 5 

 If a decision is made by the decision maker that Indemnitee acted in bad faith, Indemnitee
shall have the right to apply to the Delaware Court of Chancery for the purpose of determining whether Indemnitee has acted in bad faith. This Section 6(b) shall terminate and be of no further force or effect upon a Change in Control of the
Company. 
 7. Notice and Other Indemnification Procedures. 

(a) Notification. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any
Proceeding, Indemnitee shall, if Indemnitee believes that indemnification or advancement of Expenses with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof.
However, a failure so to notify the Company promptly following Indemnitee’s receipt of such notice shall not relieve the Company from any liability that it may have to Indemnitee except to the extent that the Company is materially prejudiced in
its defense of such Proceeding as a result of such failure. 
 (b) Insurance and Other Matters. If, at the time of the
receipt of a notice of the commencement of a Proceeding pursuant to Section 7(a) above, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the
issuers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in
accordance with the terms of such insurance policies. 
 (c) Assumption of Defense. In the event the Company shall be
obligated to advance the Expenses for any Proceeding against Indemnitee, the Company, if deemed appropriate by the Company, shall be entitled to assume the defense of such Proceeding as provided herein. Such defense by the Company may include the
representation of two or more parties by one attorney or law firm as permitted under the ethical rules and legal requirements related to joint representations. Following delivery of written notice to Indemnitee of the Company’s election to
assume the defense of such Proceeding, the approval by Indemnitee (which approval shall not be unreasonably withheld) of counsel designated by the Company and the retention of such counsel by the Company, the Company will not be liable to Indemnitee
under this Agreement for any fees and expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. If (i) the employment of counsel by Indemnitee has been previously authorized by the Company,
(ii) Indemnitee shall have notified the Board in writing that Indemnitee has reasonably concluded that there is likely to be a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company
fails to employ counsel to assume the defense of such Proceeding, the fees and expenses of Indemnitee’s counsel shall be subject to indemnification and/or advancement pursuant to the terms of this Agreement. Nothing herein shall prevent
Indemnitee from employing counsel for any such Proceeding at Indemnitee’s expense. 
 (d) Settlement. The Company
shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid in settlement of any Proceeding effected without the Company’s written consent; provided that if a Change in Control has occurred, the
Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel has approved the settlement. Neither the Company nor 

  
 6 

 
any Subsidiary or Affiliate shall enter into a settlement of any Proceeding that might result in the imposition of any Expense, Other Liability, penalty, limitation or detriment on Indemnitee,
whether indemnifiable under this Agreement or otherwise, without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent from any settlement of any Proceeding. 

8. Determination of Right to Indemnification. 
 (a) Success on the Merits or Otherwise. To the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding referred to in Section 3(a) above or in the
defense of any claim, issue or matter described therein, the Company shall indemnify Indemnitee against Expenses actually and reasonably incurred in connection therewith. 
 (b) Indemnification in Other Situations. In the event that Section 8(a) is inapplicable, the Company shall also indemnify Indemnitee if Indemnitee has not failed to meet the applicable
standard of conduct for indemnification. 
 (c) Forum. Indemnitee shall be entitled to select the forum in which
determination of whether or not Indemnitee has met the applicable standard of conduct shall be decided, and such election will be made from among the following: 
 (1) those members of the Board who are Independent Directors even though less than a quorum; 
 (2) a committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum; or 

(3) Independent Counsel selected by Indemnitee and approved by the Board, which approval may not be unreasonably withheld, which counsel
shall make such determination in a written opinion. 
 If Indemnitee is an officer or a director of the Company at the time
that Indemnitee is selecting the forum, then Indemnitee shall not select Independent Counsel as such forum unless there are no Independent Directors or unless the Independent Directors agree to the selection of Independent Counsel as the forum. The
selected forum shall be referred to herein as the “Reviewing Party.” Notwithstanding the foregoing, following any Change in Control, the Reviewing Party shall be Independent Counsel selected in the manner provided in (3) above.

 (d) Decision Timing and Expenses. As soon as practicable, and in no event later than thirty (30) days after
receipt by the Company of written notice of Indemnitee’s choice of forum pursuant to Section 8(c) above, the Company and Indemnitee shall each submit to the Reviewing Party such information as they believe is appropriate for the Reviewing
Party to consider. The Reviewing Party shall arrive at its decision within a reasonable period of time following the receipt of all such information from the Company and Indemnitee, but in no event later than thirty (30) days following the
receipt of all such information, provided that the time by which the Reviewing Party must reach a decision may be extended by mutual agreement of the Company and Indemnitee. All Expenses associated with the process set forth in this Section

  
 7 

 
8(d), including but not limited to the Expenses of the Reviewing Party, shall be paid by the Company. 
 (e) Delaware Court of Chancery. Notwithstanding a final determination by any Reviewing Party that Indemnitee is not entitled to indemnification with respect to a specific Proceeding, Indemnitee
shall have the right to apply to the Court of Chancery, for the purpose of enforcing Indemnitee’s right to indemnification pursuant to this Agreement. 
 (f) Expenses. The Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection with any hearing or Proceeding under this Section 8 or under Section 6(b)
involving Indemnitee and against all Expenses and Other Liabilities incurred by Indemnitee in connection with any other Proceeding between the Company and Indemnitee involving the interpretation or enforcement of the rights of Indemnitee under this
Agreement unless a court of competent jurisdiction finds that each of the material claims of Indemnitee in any such Proceeding was frivolous or made in bad faith. 
 (g) Determination of “Good Faith”. For purposes of any determination of whether Indemnitee acted in “good faith” or acted in “bad faith,” Indemnitee shall be deemed to
have acted in good faith or not acted in bad faith if in taking or failing to take the action in question Indemnitee relied on the records or books of account of the Company or a Subsidiary or Affiliate, including financial statements, or on
information, opinions, reports or statements provided to Indemnitee by the officers or other employees of the Company or a Subsidiary or Affiliate in the course of their duties, or on the advice of legal counsel for the Company or a Subsidiary or
Affiliate, or on information or records given or reports made to the Company or a Subsidiary or Affiliate by an independent certified public accountant or by an appraiser or other expert selected by the Company or a Subsidiary or Affiliate, 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 or a Subsidiary or Affiliate. In connection with any determination as to whether Indemnitee is entitled to be indemnified hereunder, or to advancement of expenses, the Reviewing Party, decision maker pursuant to
Section 6(b) or court shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification or advancement of Expenses, as the case may be, and the burden of proof shall be on the Company to
establish, by clear and convincing evidence, that Indemnitee is not so entitled. The provisions of this Section 8(g) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have
met the applicable standard of conduct set forth in this Agreement. In addition, the knowledge and/or actions, or failures to act, of any other person serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person shall not be imputed
to Indemnitee for purposes of determining the right to indemnification hereunder. 
 9. Exceptions. Any other provision
herein to the contrary notwithstanding, 
 (a) Claims Initiated by Indemnitee. The Company shall not be obligated
pursuant to the terms of this Agreement to indemnify or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except (i) with respect to Proceedings
brought to establish or enforce a right to indemnification under this Agreement, any other statute or law, as permitted under Section 145, 

  
 8 

 
or otherwise, (ii) where the Board has consented to the initiation of such Proceeding, or (iii) with respect to Proceedings brought to discharge Indemnitee’s fiduciary
responsibilities, whether under ERISA or otherwise, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or 

(b) Actions Based on Federal Statutes Regarding Profit Recovery and Return of Bonus Payments. The Company shall not be obligated
pursuant to the terms of this Agreement to indemnify Indemnitee on account of (i) any suit in which judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company
pursuant to the provisions of Section 16(b) of the Securities Exchange Act of l934 (the “Exchange Act”) and amendments thereto or similar provisions of any federal, state or local statutory law, or (ii) any reimbursement of the
Company by the Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such
reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale
by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act); or 
 (c) Unlawful
Indemnification. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee for Other Liabilities if such indemnification is prohibited by law. 

10. Non-exclusivity. The provisions for indemnification and advancement of Expenses set forth in this Agreement shall not be
deemed exclusive of any other rights which Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws, the vote of the Company’s stockholders or disinterested directors, other agreements, or
otherwise, both as to acts or omissions in his or her official capacity and to acts or omissions in another capacity while serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person and Indemnitee’s rights hereunder shall
continue after Indemnitee has ceased serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person and shall inure to the benefit of the heirs, executors and administrators of Indemnitee. 

11. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any
reason whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of this Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable. 
 12. Modification and Waiver. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any

  
 9 

 
other provision hereof (whether or not similar) and except as expressly provided herein, no such waiver shall constitute a continuing waiver. 

13. Successors and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns
of the parties hereto. 
 14. Notice. All notices, requests, demands and other communications under this Agreement shall
be in writing and shall be deemed duly given (a) if delivered by hand and a receipt is provided by the party to whom such communication is delivered, (b) if mailed by certified or registered mail with postage prepaid, return receipt
requested, on the signing by the recipient of an acknowledgement of receipt form accompanying delivery through the U.S. mail, (c) personal service by a process server, or (d) delivery to the recipient’s address by overnight delivery
(e.g., FedEx, UPS or DHL) or other commercial delivery service. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice complying with the provisions of this
Section 14. Delivery of communications to the Company with respect to this Agreement shall be sent to the attention of the Company’s General Counsel. 
 15. No Presumptions. For purposes of this Agreement, the termination of any Proceeding, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable
law or otherwise. In addition, neither the failure of the Company or a Reviewing Party or one of the decision makers described in Section 6(b) to have made a determination as to whether Indemnitee has met any particular standard of conduct or
had any particular belief, nor an actual determination by the Company including a determination pursuant to Section 6(b), or a Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the
commencement of Proceedings by Indemnitee to secure a judicial determination by exercising Indemnitee’s rights under Section 6(b) or 8(e) of this Agreement shall be a defense to Indemnitee’s claim or create a presumption that
Indemnitee has failed to meet any particular standard of conduct or did not have any particular belief or is not entitled to indemnification under applicable law or otherwise. 
 16. Survival of Rights. The rights conferred on Indemnitee by this Agreement shall continue after Indemnitee has ceased to serve the Company or a Subsidiary or Affiliate of the Company as an
Indemnifiable Person and shall inure to the benefit of Indemnitee’s heirs, executors and administrators. 
 17.
Subrogation and Contribution. Except as otherwise expressly provided in this Agreement, (a) in the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

(b) To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount 

  
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incurred by or on behalf of Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating
to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding 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 directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or
transaction(s). 
 18. Specific Performance, Etc. The parties recognize that if any provision of this Agreement is
violated by the Company, Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute Proceedings, either in law or at equity, to obtain
damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. 
 19. Counterparts. This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same
agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 20. Headings. The headings of the 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. 
 21. Governing Law. This Agreement shall be governed exclusively by and
construed according to the laws of the State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely with Delaware. 
 22. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any Proceeding
which arises out of or relates to this Agreement. 
 23. Effective Date. This Agreement shall become effective on the
closing date of the Company’s initial public offering pursuant to a Registration Statement on Form S-1 (the “Effective Date”). 
 24. Entire Agreement. This Agreement and the documents referred to herein constitute the entire agreement and understanding of the parties with respect to the subject matter of this Agreement, and,
upon the Effective Date, this Agreement and the documents referred to herein supersede any and all prior understandings and agreements, whether oral or written, between or among the parties hereto with respect to the specific subject matter hereof.

  
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 The parties hereto have entered into this Indemnity Agreement effective as of the date first above written.

  

					
		 	NIMBLE STORAGE, INC.
			
		 	By:	 	  

			
		 	Its:	 	  

		
		 	INDEMNITEE:
		
		 	  

		
	Address:	 	  

		
		 	  

  
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