Document:

Form of Deferred Equity Unit Award Agreement

 EXHIBIT 4.6 
 THE FEBRUARY 2010 DEFERRED EQUITY AGREEMENT 
 This FEBRUARY 2010
DEFERRED EQUITY AGREEMENT (this “Agreement”) is made and entered into as of February 24, 2010, by and among Silvercrest Asset Management Group LLC (the “Company”), Silvercrest L.P. (the “LP”),
and Silvercrest GP LLC (the “GP”), and [name] (the “Employee”). 
 WHEREAS, the
Employee is an employee of the Company, which is a wholly-owned subsidiary of the LP, and the GP is the general partner of the LP; 
 WHEREAS, the Employee is an Additional Partner of the LP and an Additional Member of the GP, and is bound by all of the terms and conditions of the Amended and Restated Limited Partnership Agreement of
the LP dated as of April 15, 2009 (the “LP Agreement”) and the Amended and Restated Limited Liability Company Agreement of the GP dated as of April 15, 2009 (the “GP Agreement”, and together with the LP
Agreement, the “Constituent Documents”). All capitalized terms used, but not defined, herein shall have the meanings given to such terms in the Constituent Documents; and 

WHEREAS, the Company, LP and GP intend to grant to the Employee an award (the “Award”) comprised of Deferred Equity
Units (as hereinafter defined) and Performance Units (as hereinafter defined), each subject to the restrictions and in accordance with the terms and conditions hereof; 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein set forth, and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, the parties
hereto mutually covenant and agree as follows: 
 1. Grant of Award. 

The LP and GP, as applicable, hereby issue to the Employee as of the date hereof an award consisting of Deferred Equity Units and
Performance Units, each in such amount as set forth on Schedule A attached hereto. 
 Each one hundred Deferred
Equity Units represents the unsecured right to receive, as applicable: (x) (i) one (1) Common Share of the GP and (ii) ninety-nine (99) Common Shares of the LP or (y) (i) the equivalent cash value of up to
fifty percent (50%) (or such other percentage as may be determined by the Committee, as defined below) of the Common Shares issuable upon the vesting of any such Deferred Equity Units under this Agreement, such cash amount to be calculated
using the Redemption Price of such Common Shares as of the applicable Vesting Date or Separation Date, as applicable, and (ii) one (1) Common Share of the GP and ninety-nine (99) Common Shares of the LP for the balance of the Deferred
Equity Units vesting as of the applicable Vesting Date or Separation Date. 
 Each Performance Unit represents the unsecured
right to receive either: (x) one (1) Common Share of the GP for two (2) Common Shares of the GP issued upon the vesting of the Deferred Equity Units granted to the Employee under this Agreement, but only if such Common

 
Shares of the GP continue to be held by the Employee on the earlier of the Closing Date, as defined below, and February 24, 2014, or (y) one (1) Common Share of the LP for two
(2) Common Shares of the LP issued upon the vesting of the Deferred Equity Units granted to the Employee under this Agreement, but only if such Common Shares of the LP continue to be held by the Employee on the earlier of the Closing Date and
February 24, 2014. For the avoidance of doubt, if and to the extent that the Employee does not hold, as of the earlier of the Closing Date and February 24, 2014, two (2) Common Shares of the GP or two (2) Common Shares of the LP
for each Performance Unit awarded to the Employee, any such excess Performance Units shall be forfeited as of such date and shall be of no further effect. 
 2. Vesting, Cash Election, and Forfeiture of Deferred Equity Units. 

(a) Twenty-five percent of the Deferred Equity Units shall vest on each of the first, second, third, and fourth anniversaries of the date
hereof (each, a “Vesting Date”), until the Deferred Equity Units are fully vested, except as provided in Section 2(d) below. 
 (b) A reasonable time prior to any Vesting Date of the Deferred Equity Units, the Company shall determine and certify the Redemption Price of the Deferred Equity Units as of such Vesting Date. No later
than five (5) days after the Company’s determination of the Redemption Price of the Deferred Equity Units, the Employee shall give notice to the Company setting forth the percentage of Deferred Equity Units, up to such maximum percentage
as may be permitted by the Committee, that that Employee elects to receive in cash. 
 (c) Subject to the provisions of this
Section 2, the Company shall deliver to the Employee, or the Employee’s legal representatives, beneficiaries or heirs, as the case may be, (i) the equivalent cash value, equal to the Redemption Price as of the applicable Vesting Date,
of the Common Shares of the GP and Common Shares of the LP issuable upon the vesting of Deferred Equity Units under this Agreement that the Employee has elected to receive in cash pursuant to Section 2(b) hereof, if any, and (ii) that
number of Common Shares of the GP and that number of Common Shares of the LP as are equal to the number of GP Common Shares and LP Common Shares comprising the Deferred Equity Units covered by this Agreement that have become vested and
nonforfeitable on the applicable Vesting Date (less the equivalent value of any cash paid to the Employee pursuant to Section 2(c)(i) hereof). Such cash payment and/or transfer of Common Shares of the GP and Common Shares of the LP shall be
made as soon as administratively practicable after the applicable Vesting Date, but in no event later than one hundred-eighty (180) days after the date on which such Vesting Date occurs. 

(d) If the Employee incurs a “separation from service,” as defined in Section 409A of the Code and Treas. Reg.
Section 1.409A-1(h), from the Company and its affiliates (a “Separation from Service”) for any reason other than (i) involuntary termination by the Company or its affiliates without Cause; (ii) termination by reason
of Employee’s Disability; (iii) retirement in good faith, or (iv) Employee’s death, all Deferred Equity Units unvested as of such date shall automatically be forfeited without consideration to the Employee and shall no longer be
deemed to be outstanding. If the Employee incurs a Separation from Service for any of the reasons enumerated in (i) through (iv) of this Section 2(d), the Deferred Equity Units shall become fully and immediately vested. Settlement of
such vested Deferred Equity Units, in Common Shares of the LP and Common Shares of the GP, or in cash equal to the Redemption 

  
 2 

 
Price of such Common Shares as of the date of the Employee’s Separation from Service (the “Separation Date”), in the sole discretion of the Committee, shall be made at such
date within 70 days following the Separation Date as the Committee shall determine. 
 (e) Notwithstanding anything to the
contrary herein, all of the then remaining unvested Deferred Equity Units will vest upon the closing date of the consummation of a Sale of Control that also constitutes a “change in control” within the meaning of Section 409A of the
Code and the regulations thereunder (the “Closing Date”), and settlement of such vested Deferred Equity Units shall be made on the Closing Date; provided, however, that the Employee shall not be permitted to elect the equivalent
cash value of such Deferred Equity Units. 
 (f) During the period commencing on the date of this Agreement and ending on the
earliest of, as applicable: (i) the Vesting Date, in the case of Deferred Equity Units which are settled in cash, (ii) the date on which the GP Common Shares and the LP Common Shares, as applicable, are transferred to the Employee
following a Vesting Date, or (iii) the Separation Date, (iv) the Closing Date, and (v) the date of forfeiture of Deferred Equity Units for any reason, the Employee shall be entitled to receive payments from the Company in such
amounts, and at such times, as the Employee would have received from the GP or the LP, respectively, had the GP Common Shares and the LP Common Shares underlying the Deferred Equity Units been transferred to the Employee on the date hereof.

 3. Vesting and Forfeiture of Performance Units. 

(a) The Performance Units shall be subject to forfeiture, subject to the satisfaction of the “Performance Target.” Such
“Performance Target” will have been achieved, and the Performance Units shall vest, if (i) the Per Share Value of the Common Shares of the GP calculated as of December 31, 2013 (based on Adjusted EBITDA of the GP for the quarter
ending on such date) shall have increased by at least fifteen percent (15%) per annum over the Per Share Value of the Common Shares of the GP calculated as of the date hereof, which is $136.07, and (ii) the Per Share Value of the
Common Shares of the LP calculated as of December 31, 2013 (based on Adjusted EBITDA of the LP for the quarter ending on such date) shall have increased by at least fifteen percent (15%) per annum over the Per Share Value of the Common
Shares of the LP calculated as of the date hereof, which is $136.07. The rights of the Employee with respect to the Performance Units shall remain subject to forfeiture at all times prior to the date on which such rights become vested in accordance
with this Section 3 and will be forfeited if the Performance Target is not achieved. 
 (b) As soon as reasonably
practicable following the Company’s release of financial statements indicating that the Performance Target may have been achieved, the Company shall determine and, if applicable certify the achievement of the Performance Target. Upon
certification by the Company of the achievement of the Performance Target, the risk of forfeiture with respect to any Performance Units shall lapse and the Employee shall become entitled to settlement of the Performance Units. 

(c) Following the vesting of Performance Units (pursuant to the achievement of the Performance Target), the Company shall deliver to the
Employee, or the Employee’s legal representatives, beneficiaries or heirs, as the case may be, in settlement of such vested 

  
 3 

 
Performance Units that number of Common Shares of the GP and that number of Common Shares of the LP as are necessary to satisfy the Performance Units covered by this Agreement. Settlement of such
vested Performance Units shall be made as soon as administratively practicable after certification by the Company of attainment of the Performance Target but in no event later than the end of 2014. Each such transfer of Common Shares of the GP and
Common Shares of the LP will be effective as of January 1, 2014. 
 (d) Notwithstanding anything to the contrary herein,
upon the consummation of a Sale of Control that also constitutes a “change in control” within the meaning of Section 409A of the Code and the regulations thereunder, the Committee shall determine whether the Performance Target has
been achieved as of the Closing Date. The Performance Target shall have been achieved as of the Closing Date and the Performance Units shall vest if: (i) the Per Share Value of the Common Shares of the GP calculated as of the Closing Date shall
have increased by at least fifteen percent (15%) per annum over the Per Share Value of the Common Shares of the GP calculated as of the date hereof, which is $136.07, and (ii) the Per Share Value of the Common Shares of the LP
calculated as of the Closing Date shall have increased by at least fifteen percent (15%) per annum over the Per Share Value of the Common Shares of the LP calculated as of the date hereof, which is $136.07. If the Performance Target is achieved
as of the Closing Date, the Company shall deliver to the Employee, or the Employee’s legal representatives, beneficiaries or heirs, as the case may be, in settlement of such vested Performance Units that number of Common Shares of the GP and
that number of Common Shares of the LP as are necessary to satisfy the Performance Units covered by this Agreement. Settlement of such vested Performance Units shall be effective as of the Closing Date, and shall be made on or as soon as
administratively practicable after the Closing Date but in no event later than the end of the calendar year in which such Closing Date occurs. 
 (e) If the Employee separates from the Company or its affiliates prior to the earlier of the Closing Date and February 24, 2014 for any reason other than (i) involuntary termination by the
Company or its affiliates without Cause, (ii) termination by reason of the Employee’s Disability, (iii) good faith retirement, or (iv) Employee’s death, the Performance Units shall automatically be forfeited without
consideration to the Employee and shall no longer be deemed to be outstanding. If the Employee separates from the Company or its affiliates for any of the reasons enumerated in (i) through (iv) of this Section 3(e), Employee shall not
forfeit the Performance Units and settlement of such Performance Units shall be made, subject to achievement of the Performance Target, at such time as would otherwise have occurred in accordance with Section 3(c) or (d) above;
provided, however, that the Employee shall only be entitled to settlement of a pro-rated number of Common Shares of the GP and Common Shares of the LP based upon the period of time elapsing between the date hereof and the date of the
Employee’s separation from service from the Company and its affiliates as a percentage of the period of time elapsing between the date hereof and the date upon which the Employee becomes entitled to settlement of the Performance Units pursuant
to Section 3(c) or (d) above. 
 (f) For purposes of calculating the Per Share Value solely in connection with
determining whether the Performance Target has been achieved pursuant to Sections 3(a) or 3(d) hereof, the Performance Units will not be included among the aggregate number of Common Shares outstanding of the GP or the LP, but the Deferred Equity
Units will. 

  
 4 

 4. Restrictions on Transfer. 

(a) No Deferred Equity Unit or Performance Units shall be transferrable except upon the death of the Employee to the Employee’s
heirs or estate in accordance with the relevant provisions of the Constituent Documents. 
 (b) Any Common Share of the GP
and/or the LP awarded under this Agreement or issued upon the vesting of the Deferred Equity Units or the Performance Units is subject to all restrictions on transfer imposed by the LP Agreement, the GP Agreement, by applicable state or federal
securities laws, or by any agreement to which the Employee is now or may hereafter become bound, including, but not limited to: 

With respect to the LP: 
 (i) without the express written consent of the General Partner, the Employee may not transfer all or any portion of such Employee’s Common Shares other than (i) to a Specified Permitted
Transferee, (ii) pursuant to Section 8.6 of the LP Agreement, or (ii) to the Partnership as set forth in Section 8.5 of the LP Agreement; and 
 (ii) the put and call rights of the LP, Additional Partners and Founding Partners (as each such term is defined in the LP Agreement) under certain circumstances as set forth in Section 8.6 of the LP
Agreement. 
 THE DESCRIPTION OF CERTAIN TRANSFER RESTRICTIONS SET FORTH ABOVE IS QUALIFIED IN ITS ENTIRETY BY THE LP AGREEMENT.

 With respect to the GP: 
 (i) without the express written consent of the Board of Directors, including the Chief Executive Officer, and the Investor Director, the Employee may not transfer all or any portion of such
Employee’s Common Shares other than (i) to a Specified Permitted Transferee subject to Section 7.1.3 of the GP Agreement, (ii) pursuant to Section 8.6 of the GP Agreement, or (ii) to the GP as set forth in
Section 8.5 of the GP Agreement; and 
 (ii) the put and call rights of the GP, Additional Members and Founding Members
(as each such term is defined in the GP Agreement) under certain circumstances as set forth in Section 8.6 of the GP Agreement. 
 THE
DESCRIPTION OF CERTAIN TRANSFER RESTRICTIONS SET FORTH ABOVE IS QUALIFIED IN ITS ENTIRETY BY THE GP AGREEMENT. 
 5.
Taxation and Withholding. 
 (a) The Employee shall remit to the Company an amount sufficient to satisfy federal,
state, local or other withholding tax requirements prior to the settlement date with respect to any Deferred Equity Unit or Performance Units. The Employee further acknowledges that the Company has the right to deduct from payments of any kind
otherwise due to the Employee any federal, state, local or other taxes of any kind required by law to be withheld with 

  
 5 

 
respect to the grant, vesting or settlement of the Deferred Equity Units or Performance Units. However, the Employee may elect, subject to the approval of the Company, acting in its sole
discretion, to satisfy an applicable withholding requirement, in whole or in part, by having the Company withhold shares of Common Shares of the GP and/or LP to satisfy his or her tax obligations, subject to any restrictions or limitations that the
Company deems appropriate. 
 (b) In the event and to the extent the Company determines that it is not obligated to withhold
taxes payable by the Employee with respect to the Deferred Equity Units or Performance Units but the Company is later held liable due to any non-payment of taxes on the part of the Employee, the Employee shall indemnify and hold the Company harmless
from the amount of any payment made by them in respect of such liability. 
 6. Representations of the Employee.
The Employee represents and warrants to the GP and the LP as follows: 
 (a) The Employee is an “accredited
investor” as such term is defined in Regulation D promulgated by the Securities Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”) because
(A) the Employee is a natural person with an individual net worth, or with the Employee’s spouse have a combined net worth, in excess of U.S. $1,000,000, (B) the Employee is a natural person and had individual income (exclusive of any
income attributable to the Employee’s spouse) of more than U.S. $200,000 in the prior two calendar years or joint income with the Employee’s spouse in excess of U.S. $300,000 for each of those years and the Employee reasonably expects to
reach the same income level in the current calendar year or (C) the Employee is a knowledgeable Employee as referred to in Rule 506 under the Securities Act. 
 (b) The Employee is a sophisticated investor, able and accustomed to handling sophisticated financial matters for himself/herself, has such knowledge and experience in financial and business matters so as
to be capable of evaluating the merits and risks of his/her investment in the Shares and the Employee is capable of bearing the economic risks of such investment and is able to bear a complete loss of his/her investment in the Shares. 

(c) THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS RELIED SOLELY UPON HIS/HER OWN TAX AND OTHER LEGAL ADVISORS CONCERNING THE TAX AND OTHER
LEGAL ASPECTS OF AN INVESTMENT IN THE SHARES AND THE EMPLOYEE ACKNOWLEDGES THAT NEITHER THE LP NOR THE GP HAS MADE REPRESENTATIONS OR WARRANTIES RELATING TO THE TAX LEGAL CONSEQUENCES OF AN INVESTMENT IN THE SHARES. 

7. Section 409A. Payments made pursuant to this Agreement are intended to be exempt from or comply with
Section 409A of the Code, and the regulations and other guidance promulgated thereunder (“Section 409A”). The provisions of this section shall qualify and supersede all other provisions of this Agreement as necessary to fulfill the
foregoing intention. The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement to ensure that the Award is made in a manner that qualifies for
exemption from or complies with the provisions of Section 409A(a)(2), (3) and (4) of the Code. The Company makes no representations that this Award 

  
 6 

 
will be exempt from Section 409A and makes no undertaking to preclude Section 409A from applying to this Award. To the extent applicable, each and every payment to be made pursuant
to this Agreement shall be treated as a separate payment and not as one of a series of payments treated as a single payment for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii). 

8. Notices. All notices and other communications hereunder shall be in writing and shall be given by facsimile or first
class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three days after mailing or twenty-four (24) hours after transmission by facsimile to the respective parties named below:

  

			
	If to the Company, the	  	
	 GP or the LP:
	  	 c/o Silvercrest Asset Management Group LLC
 1330 Avenue of the Americas
 New York, NY 10019

Attn: Office of the General Counsel
 Telephone:
(212) 649-0623
 Facsimile: (212) 649-0625

		
	 with a copy to:
	  	 Bingham McCutchen LLP
 399
Park Avenue
 New York, NY 10022

Attention: Michael F. Mavrides, Esq.
 Telephone:
(212) 705-7000
 Facsimile: (212) 752-5378

		
	 If to the Employee:
	  	 [name]

[address]

 Any party hereto may change such party’s address for notices by notice duly given to the other parties pursuant
hereto. 
 9. Miscellaneous. 
 (a) Acceptance of Award. Employee must accept this Award by executing this Agreement and delivering the same to the Company within fifteen (15) days of the date hereof. Otherwise the Company
may, at its discretion, rescind the Award in its entirety. 
 (b) No Rights to Employment. The Employee acknowledges that
the grant of the Deferred Equity Units and/or Performance Units and this Agreement do not constitute an express or implied promise of continued engagement as an employee or consultant of, or provider of services to, the Company or any of its
affiliates for any period or at all. Nothing contained in this Agreement shall interfere in any way with the right of the Company and its affiliates, subject to the terms of any separate employment or consulting agreement or provision of law, at any
time to terminate such employment or consulting arrangement or other association or to modify the terms and conditions of the Employee’s employment or other association with the Company and its Affiliates. 

  
 7 

 10. Administration. The Operating Committee of the Company (or successor to
such committee) (the “Committee”) shall administer this Agreement and interpret, construe and apply its provisions, and determine entitlement to benefits, all in its sole discretion, and any determination hereunder shall be binding on the
Employee, the Company and all other persons. The Committee may temporarily suspend all cash payments under this Agreement in the event that it deems such suspension in the best interests of the Company, the GP and the LP, provided that it shall
reinstate such cash payments as soon as practicable, in the Committee’s sole discretion, following such suspension. 

11. Common Share Adjustments. In the event of any reclassification, recapitalization, split-up, reverse split or similar
readjustment in any Common Shares of the GP or Common Shares of the LP, appropriate adjustments shall be made with respect to the Common Shares of the GP or the LP, as applicable, underlying the Deferred Equity Units and the Performance Units and
the Per Share Value, but only for purposes of determining whether the Performance Target has been achieved pursuant to Sections 3(a) or 3(d) hereof. 
 12. Consent to Jurisdiction and Service of Process. All judicial proceedings brought against Employee with respect to this Subscription Agreement may be brought in any state or federal court
of competent jurisdiction sitting in New York, and by execution and delivery of this Subscription Agreement, Employee accepts for himself or herself and in connection with its properties, generally and unconditionally, the nonexclusive jurisdiction
of the aforesaid courts, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Subscription Agreement. The parties hereby agree to waive their respective rights to trial by jury in connection with any dispute
between them arising out of this Agreement. A copy of any process served shall also be mailed by registered mail to Employee at his or her address referred to in Section 8 hereof, except that unless otherwise provided by applicable law, any
failure to mail such copy shall not affect the validity of service of process. If any person appointed by Employee refuses to accept service, Employee hereby agrees that service upon him or her by mail shall constitute sufficient notice. Nothing
herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of the Company, LP or the GP to bring proceedings against Employee in the courts of any other jurisdiction. 

[Signature Page Follows] 

  
 8 

 The undersigned Employee hereby executes this Agreement, as of February 24, 2010.

  

	
	
	  
	[name]
	[address]

  
 9 

			
	SILVERCREST ASSET MANAGEMENT GROUP LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
	SILVERCREST L.P.
		
	By:	 	SILVERCREST GP LLC
	Its:	 	General Partner
			
		 	By:	 	 
		 	Name: G. Moffett Cochran
		 	Title: Chief Executive Officer

  

			
	SILVERCREST GP LLC
		
	By:	 	 
	Name: G. Moffett Cochran
	Title: Chief Executive Officer

  
 10 

 Schedule A 
 [number] Deferred Equity Units, representing the right to receive, subject to vesting: 
  

	 	•	 	 [number] Common Shares of the GP 

  

	 	•	 	 [number] Common Shares of the LP 

 [number] Performance Units, representing the right to receive, subject to vesting: 
  

	 	•	 	 [number] Common Shares of the GP 

  

	 	•	 	 [number] Common Shares of the LP 

  
 Sched. A-1Form of Indemnification Agreement with directors

 Exhibit 10.3 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement
(“Agreement”) is made as of [            ], 2011 by and between Silvercrest Asset Management Group Inc., a Delaware corporation (the “Company”), and
[                    ] (“Indemnitee”). 
 RECITALS 
 WHEREAS, highly competent persons have become more
reluctant to serve on the board of directors of corporations as independent directors unless they are provided with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them
arising out of their service to and activities on behalf of the corporation; 
 WHEREAS, the Company maintains on an ongoing
basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities, the Certificate of Incorporation of the Company (the “Certificate”) requires indemnification of the
directors, and Indemnitee may also be entitled to indemnification pursuant to the Delaware General Corporation Law, as amended (the “DGCL”); 
 WHEREAS, Section 145 of the DGCL expressly provides that the indemnification provisions set forth therein are not exclusive, and thereby contemplates that contracts may be entered into between the
Company and members of the Board of Directors of the Company (the “Board”), and other persons with respect to indemnification; 
 WHEREAS, the Board has determined that the increased difficulty in attracting and retaining independent directors, which is a result of the uncertainties relating to insurance and statutory
indemnification, is detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, the Board has determined that it is reasonable, prudent and necessary for the Company contractually to obligate itself to
indemnify, and to advance expenses on behalf of, the Indemnitee to the fullest extent permitted by applicable law so that he will serve or continue to serve the Company free from undue concern that he will not be so indemnified; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate and any resolutions adopted pursuant thereto, and shall
not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; 
 WHEREAS, Indemnitee may
not be willing to continue to serve as a director without the protection of a contractual obligation on the part of the Company to indemnify Indemnitee, and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve,
continue to serve and to take on additional service for or on behalf of the Company on the condition that he be indemnified as set forth in this Agreement; and 

 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows: 
 Section 1. Services to the Company. Indemnitee
agrees to serve as a director of the Company. Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law), in which event the Company shall have
no obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise (as defined below)) and Indemnitee. Indemnitee
acknowledges that he may be removed as a director at any time in accordance with the Certificate, the Company’s By-laws, and the DGCL. The foregoing notwithstanding, this Agreement shall continue in force after Indemnitee has ceased to serve as
a director of the Company. 
 Section 2. Definitions. As used in this Agreement: 

(a) A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the
following events: 
 i. Acquisition of Stock by Third Party. Any Person (as defined below), is or becomes the Beneficial
Owner (as defined below), directly or indirectly, of securities of the Company representing twenty-five percent (25%) or more of the combined voting power of the Company’s then outstanding securities; 

ii. Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the
execution of this Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction
described in Sections 2(a)(i), 2(a)(iii) or 2(a)(iv)) whose nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds 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 at least a majority of the members of the Board; 

iii. Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a
merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of
the surviving entity) more than 51% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or
other governing body of such surviving entity; 

  
 2 

 iv. Liquidation. The approval by the stockholders of the Company of a complete
liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; and 
 v. Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on
any similar schedule or form) promulgated under the Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement. 
 For purposes of this Section 2(a), the following terms shall have the following meanings: 
 (A) “Affiliate” shall have the meaning given to such term pursuant to Rule 12b-2 promulgated under the Exchange Act (as defined below). 

(B) “Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided,
however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company with another entity. 

(C) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

(D) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided,
however, that Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of
the Company in substantially the same proportions as their ownership of stock of the Company. 
 (b) “Corporate
Status” describes the status of a person who is or was a director, employee or agent of the Company or of any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which
such person is or was serving at the request of the Company. 
 (c) “Disinterested Director” means a director of the
Company who is not and was not a party to, nor an officer, a director or partner of a party to, the Proceeding in respect of which indemnification is sought by Indemnitee. 
 (d) “Enterprise” shall mean the Company and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is
or was serving at the request of the Company as a director, employee, agent or fiduciary. 

  
 3 

 (e) “Expenses” shall include all reasonable attorneys’ fees, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in
connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also shall include (i) Expenses incurred in connection with
any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, (ii) any federal, state, local or foreign
taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, (iii) all interest, assessments and other charges paid or payable in connection with or in respect of the Expenses, and (iv) for
purposes of Section 12(d) only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. Expenses, however, shall not
include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 
 (f)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or
Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the
Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would
have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to
above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

(g) The term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative
nature, in which Indemnitee was, is or will be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director of the Company, by reason of any action taken by him or of any action on his part while acting as director of
the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, in each case
whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under this Agreement; except one initiated by an Indemnitee to enforce his
rights under this Agreement. 

  
 4 

 (h) References to “other enterprise” shall include employee benefit plans;
references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of
the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he reasonably
believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

Section 3. Indemnity in Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this
Section 3, if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding. Pursuant to this Section 3, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against
all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter therein; provided that it is determined (in accordance
with Section 10(a)) in the specific case that indemnification of such person is permissible under the circumstances because such person has met the standard of conduct for indemnification specified in Section 145 of the DGCL.

 Section 4. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other
provisions of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue
or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the
merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each
successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful in such Proceeding, the Company also shall indemnify Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to
any claim, issue, or matter on which the Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to
be a successful result as to such claim, issue or matter. 
 Section 5. Indemnification For Expenses of a Witness.
Notwithstanding any other provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he
shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

  
 5 

 Section 6. Additional Indemnification. 

(a) Notwithstanding any limitation in Section 3 or Section 4, the Company shall indemnify Indemnitee to the
fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding. 
 (b)
For purposes of Section 6(a), the meaning of the phrase “to the fullest extent permitted by applicable law” shall include, but not be limited to: 
 i. to the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement
of the DGCL, and 
 ii. to the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted
after the date of this Agreement that increase the extent to which a corporation may indemnify its directors. 
 Section 7.
Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any claim made against Indemnitee: 

(a) for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or 
 (b) for
(i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act (as defined in Section 2(a)), or similar
provisions of state statutory law or common 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; or 
 (c) except as provided in
Section 12(d), in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, employees or
other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the
Company under applicable law. 
 Section 8. Advances of Expenses. Notwithstanding any provision of this Agreement to
the contrary, upon (i) receipt of a written affirmation of Indemnitee’s good faith belief that he has met the standard of conduct prescribed by the DGCL; (ii) receipt 

  
 6 

 
of an undertaking of Indemnitee to repay the amount paid by the Company if it is ultimately determined that Indemnitee is not entitled to indemnification by the Company; and (iii) a
determination (made in accordance with Section 10(a)) that the facts then known to those making the determination would not preclude indemnification under the DGCL, the Company shall advance, to the extent not prohibited by law, the
expenses incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made within thirty (30) days after the receipt by the Company of a statement or statements requesting such advances from time to time, whether
prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay the expenses and without regard to Indemnitee’s ultimate
entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all reasonable Expenses incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and
forwarding statements to the Company to support the advances claimed. This Section 8 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 7. 

Section 9. Procedure for Notification and Defense of Claim. 

(a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therewith such
documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such action, suit or proceeding.
The delay or omission to notify the Company will not relieve the Company from any liability which it may have to Indemnitee otherwise than under this Agreement. The Secretary of the Company shall, promptly upon receipt of such a request for
indemnification, advise the Board in writing that Indemnitee has requested indemnification. 
 (b) The Company will be entitled
to participate in the Proceeding at its own expense. 
 Section 10. Procedure Upon Application for Indemnification.

 (a) Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 9(a) or for
advances pursuant to the first sentence of Section 8, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control shall have
occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested
Directors, provided that such directors constitute a quorum of the Board, (B) if a quorum of the Board cannot be obtained under the foregoing clause (A), by a committee of two (2) or more Disinterested Directors designated by a majority
vote of members of the Board (including directors other than Disinterested Directors) constituting a quorum of the Board, (C) if there are not at least two (2) Disinterested Directors or, if such Disinterested Directors so direct, by
Independent Counsel in a written opinion to the Board, a copy of which shall be delivered 

  
 7 

 
to Indemnitee or (D) if so directed by the Board, by the stockholders of the Company (excluding shares owned by or voted under the control of directors that are at the time parties to the
Proceeding); provided, however, that if Independent Counsel makes the determination that Indemnitee is entitled to indemnification under the DGCL, the authorization of indemnification and the evaluation as to reasonableness of expenses
shall be made by the persons set forth in the foregoing clause (ii)(A) or, if necessary, clause (ii)(B). If, upon written request made by Indemnitee pursuant to Section 9(a), it is so determined that Indemnitee is entitled to
indemnification under the DGCL, payment to Indemnitee of all authorized indemnification amounts, including expenses determined to be reasonable, shall be made within thirty (30) days after such determination. 

(b) Indemnitee shall cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

Section 11. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall, to the
fullest extent not prohibited by law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the Company
(including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that
Indemnitee has not met the applicable standard of conduct. 
 (b) Subject to Section 12(e), if the person, persons
or entity empowered or selected under Section 10(a) to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the
requisite determination of entitlement to indemnification shall, to the fullest extent not prohibited by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a
material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request 

  
 8 

 
for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not
to exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation
and/or information relating thereto; and provided, further, that the foregoing provisions of this Section 11(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by the
stockholders pursuant to Section 10(a) and if (A) within fifteen (15) days after receipt by the Company of the request for such determination the Board has resolved to submit such determination to the stockholders for their
consideration at an annual meeting thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of stockholders is called within fifteen (15) days after such
receipt for the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat, or (ii) if the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 10(a). 
 (c) The termination of any
Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect
to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 
 (d) Reliance as
Safe Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on
information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified
public accountant or by an appraiser or other expert selected with the reasonable care by the Enterprise. The provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which
the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 
 (e) Actions of
Others. The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

Section 12. Remedies of Indemnitee. 
 (a) Subject to Section 12(e), in the event that (i) a determination is made pursuant to Section 10 that Indemnitee is not entitled to indemnification under this Agreement,
(ii) advancement of Expenses is not timely made pursuant to Section 8, (iii) 

  
 9 

 
no determination of entitlement to indemnification shall have been made pursuant to Section 10(a) within ninety (90) days after receipt by the Company of the request for
indemnification, (iv) payment of indemnification is not made pursuant to Section 4 or Section 5 or the last sentence of Section 10(a) of this Agreement within thirty (30) days after receipt by the
Company of a written request therefor, (v) payment of indemnification pursuant to Section 3 or Section 6 is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to
indemnification, or (vi) in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to
recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of his entitlement to such indemnification or advancement of Expenses.
Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such Proceeding seeking
an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such Proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause
shall not apply in respect of a Proceeding brought by Indemnitee to enforce his rights under Section 4. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b) In the event that a determination shall have been made pursuant to Section 10(a) that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by
reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses,
as the case may be. 
 (c) If a determination shall have been made pursuant to Section 10(a) that Indemnitee is
entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact, or an
omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d) The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this
Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this
Agreement. It is the intent of the Company that the Indemnitee not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or
otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. The Company shall 

  
 10 

 
indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within thirty (30) days after receipt by the Company of a written request therefor) advance, to the
extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any
directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case
may be. 
 (e) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification
under this Agreement shall be required to be made prior to the final disposition of the Proceeding. 
 Section 13.
Non-exclusivity; Survival of Rights; Insurance; Subrogation. 
 (a) The rights of indemnification and to receive
advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate, the Company’s By-laws, any agreement, a vote of
stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted
by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be
afforded currently under the Certificate, the Company’s By-laws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein
conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 
 (b) To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents of the Company or of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent
of the coverage available for any such director, officer, employee or agent under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance
in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

  
 11 

 (c) In the event of any 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 papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring
suit to enforce such rights. 
 (d) The Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable (or for which advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

(e) The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the
Company as a director, officer, employee or agent of any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification or advancement of expenses from such other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise. 

Section 14. Duration of Agreement. This Agreement shall continue until and terminate upon the later of: (a) six
(6) years after the date that Indemnitee shall have ceased to serve as a director of the Company or (b) one (1) year after the final termination of any Proceeding then pending in respect of which Indemnitee is granted rights of
indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 relating thereto. This Agreement shall be binding upon the Company and its successors and assigns and shall inure
to the benefit of Indemnitee and his heirs, executors and administrators. 
 Section 15. Severability. If any
provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without
limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and
shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto;
and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not
itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

Section 16. Enforcement. 
 (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director of the Company,
and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of the Company. 

  
 12 

 (b) This Agreement constitutes the entire agreement between the parties hereto with respect
to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a
supplement to and in furtherance of the Certificate, the By-laws of the Company and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

Section 17. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 

Section 18. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any
summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the
Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise. 

Section 19. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing
and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on
the third (3rd) business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by
facsimile or other electronic transmission, with receipt of oral confirmation that such transmission has been received: 
 (a)
If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company. 
 (b) If to the Company to: 
 Silvercrest Asset Management Group Inc.

 1330 Avenue of the Americas, 38th Floor 

New York, New York 10019 
 Attention: David J. Campbell 
 Fax: (212) 649-0625 

Email: dcampbell@silvercrestgroup.com 
 or to any other address as may have been furnished to Indemnitee by the Company. 

  
 13 

 Section 20. Contribution. 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 incurred by 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). 
 Section 21. Applicable Law. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware,
without regard to its conflict of laws rules. 
 Section 22. Identical Counterparts. This Agreement may be executed
in one or more counterparts and by facsimile or other electronic transmission, 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. 

Section 23. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where
appropriate. The headings of the 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 thereof. 

  
 14 

 IN WITNESS WHEREOF, the parties have caused this Indemnification Agreement to be signed as
of the day and year first above written. 
  

									
	Silvercrest Asset Management Group Inc.	 		 	INDEMNITEE:
				
	By:	 	  
	 		 	  

		 	Name:	 		 	Name:	 	
		 	Title:	 		 		 	
		 		 		 	Address:	 	  

		 		 		 	  

		 		 		 	  

  
 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]