Document:

Amendment No. 1 and Limited Waiver

 Exhibit 10.1 

AMENDMENT NO. 1 AND LIMITED WAIVER 

TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS AMENDMENT NO. 1 AND LIMITED WAIVER TO LOAN AND SECURITY AGREEMENT (this
“First Amendment”), dated as of March 31, 2010, is entered into by and between VIRAGE LOGIC CORPORATION, a Delaware corporation (“Borrower”), and SILICON VALLEY BANK, a California banking
corporation (“Bank”). Capitalized terms used herein without definition shall have the same meanings given them in the Loan Agreement (as defined below). 

RECITALS 

A. Borrower and Bank have entered into that certain Loan and Security Agreement dated as of December 1, 2009 (as amended to
date, and as may be further amended, modified, supplemented or restated from time to time, the “Loan Agreement”), pursuant to which Bank has agreed to extend and make available to Borrower certain advances of money. 

B. Borrower is currently in default of the Loan Agreement for failing to comply with the covenants set forth in Sections 6.2(b),
(c) and (d) of the Loan Agreement for the fiscal periods ending December 31, 2009, January 31, 2010 and February 28, 2010 and Section 6.2(a)(ii) to date (collectively, the “Existing Defaults”) and
has requested that Bank waive the Existing Defaults. 
 C. Further, Borrower desires that Bank amend the Loan Agreement
to extend the delivery dates of certain post-closing items and postpone the requirements of Borrower to comply with the covenants set forth in Sections 6.2 and 6.7 of the Loan Agreement upon the terms and conditions more fully set forth herein.

 D. Subject to the representations and warranties of Borrower herein and upon the terms and conditions set forth in
this First Amendment, Bank is willing to waive the Existing Defaults and so amend the Loan Agreement. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the foregoing Recitals and the covenants and agreements contained herein and in the
other Loan Documents and intending to be legally bound, the parties hereto agree as follows: 
 1. LIMITED WAIVER.
Bank hereby agrees, subject to the satisfaction of the conditions set forth in Section 5 hereof, to waive the Existing Defaults. 

2. AMENDMENTS TO LOAN AGREEMENT. Subject to the satisfaction of the conditions set forth in Section 5 hereof, the Loan
Agreement is hereby amended as follows: 
 2.1 Amendment to Section 3.4 (Post-Closing Conditions). Bank
hereby acknowledges that it has timely received (i) insurance certificates with respect to the Domestic 

 
Subsidiaries acquired in connection with the Atlas Acquisition and Platinum Acquisition and (ii) an executed control agreement for Borrower’s accounts at UBS Financial Services, Inc.,
both as required by Section 3.4 of the Loan Agreement prior to the effectiveness of this Amendment. Section 3.4 of the Loan Agreement is now hereby amended and restated in its entirety to read as follows: 

“3.4 Post-Closing Conditions. 

(a) On or before the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010, Bank shall have received, in
form and substance satisfactory to Bank, (i) all requirements necessary to perfect Bank’s security interest with respect to the assets of the Domestic Subsidiaries acquired in connection with the Atlas Acquisition and Platinum Acquisition
and any other requirements necessary to perfect Bank’s security interest in their respective assets, including without limitation, landlord agreements, intellectual property security agreements, control agreements and equity certificates (if
any) of the Guarantors with assignment executed in blank (including all of the Subsidiaries of the Borrower), (ii) an updated or a separate Perfection Certificate to reflect the Atlas Acquisition and Platinum Acquisition, (iii) an opinion
with respect to the Domestic Subsidiaries (other than ARC International Nashua, Inc.) acquired in connection with the Atlas Acquisition and Platinum Acquisition and (iv) executed officer’s certificates for the Domestic Subsidiaries (other
than ARC International Nashua, Inc.) acquired in connection with the Atlas Acquisition and Platinum Acquisition including the ratified resolutions and other attachments thereto. 

(b) Borrower shall use best efforts to deliver to Bank, on or before the earlier of the delivery date of the initial Notice of Borrowing
or June 30, 2010, executed landlords’ consents (in form and substance reasonably satisfactory to Bank) with respect to the 47100 Bayside Parkway, Fremont, California 94538 and 1341 N. Northlake Way, Seattle, Washington 98103 locations,
each in favor of Bank.” 
 2.2 Amendment to Section 6.2 (Financial Statements, Reports, Certificates).
Section 6.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
 “6.2
Financial Statements, Reports, Certificates. 
 (a) Deliver to Bank: (i) as soon as available, but no later than five
(5) days after filing with the Securities Exchange Commission, Borrower’s 10-K, 10-Q, and 8-K reports (provided however, in no event shall audited annual financial statements be delivered later than 150 days of fiscal year end), except
that Borrower shall be required to deliver its 10-Q reports to Bank beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010 but not before such date; (ii) a Compliance Certificate together with
delivery of the 10-K and 10-Q reports setting forth calculations showing compliance with the financial covenants set forth herein; (iii) no later than January 31st after the end of each fiscal year, annual financial projections for the
following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections; (iv) a prompt report of any legal actions
pending or threatened against 
  

 2 

 
Borrower or any Subsidiary that could result in damages or costs to Borrower or any Subsidiary of $250,000 or more; (v) budgets, sales projections, operating plans or other financial
information Bank reasonably requests; and (vi) within five (5) days after the same are sent or received, copies of all correspondence, reports, documents and other filings with any Governmental Authority regarding compliance with or
maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a material effect on any of the Governmental Approvals or otherwise on the operations of Borrower or any of its Subsidiaries. 

Borrower’s 10-K, 10-Q, and 8-K reports required to be delivered pursuant to Section 6.2(a)(i) shall be deemed to have been
delivered on the date on which Borrower posts such report or provides a link thereto on Borrower’s or another website on the Internet; provided, that Borrower shall provide copies to Bank of the Compliance Certificates required by
Section 6.2(a)(ii). 
 (b) Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30,
2010, deliver to Bank a duly completed Transaction Report signed by a Responsible Officer, with aged listings of accounts receivable and accounts payable (by invoice date), within thirty (30) days after the last day of each month, unless no
amounts are outstanding under the Revolving Line, within thirty (30) days after the last day of each fiscal quarter, but in any event prior to an Advance. 

(c) Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010, deliver to Bank its monthly
financial statements together with a duly completed Compliance Certificate signed by a Responsible Officer setting forth calculations showing compliance with the financial covenants set forth in this Agreement within thirty (30) days after the
last day of each month, unless no amounts are outstanding under the Revolving Line, then within thirty (30) days after the last day of each fiscal quarter, but in any event prior to an Advance. 

(d) Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010, within 30 days after the last day
of each quarter, deliver to Bank a cash balance report, including account statements detailing cash management types of investments held and maturity dates. 

(e) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. Such audits shall be conducted no more often than once
every six months unless an Event of Default has occurred and is continuing.” 
 2.3 Amendment to Section 6.7
(Financial Covenants). Section 6.7 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“6.7 Financial Covenants. 

(a) Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010, Borrower shall maintain a
consolidated Liquidity Ratio of at least 1.50:1.00 as of the last day of each month, unless no amounts are outstanding under the Revolving Line, then as of the last day of each quarter. 

 

 3 

 (b) Beginning the earlier of the delivery date of the initial Notice of Borrowing or
June 30, 2010, Borrower shall maintain as of the last day of each fiscal quarter, consolidated EBITDA of at least the following: 
  

					
	 Period
	  	Minimum EBITDA	 
	 March 31, 2010
	  	$	(500,000	) 
	 June 30, 2010
	  	$	1	  
	 September 30, 2010 and each quarter thereafter
	  	$	1,000,000	  

 (c) On the earlier of
the delivery date of the initial Notice of Borrowing or June 30, 2010 and at all times thereafter, Borrower shall maintain consolidated domestic unrestricted cash of Borrower of at least $10,000,000; provided, however, if Borrower requests an
initial Advance prior to March 30, 2010, Borrower shall maintain at all times between the date of such request and June 29, 2010, consolidated domestic unrestricted cash of Borrower of at least $15,000,000.” 

2.4 Amendment to Section 13 (Definitions). The definition of “EBITDA” in Section 13 of the Loan
Agreement is hereby amended and restated as follows: 
 ““EBITDA” shall mean (a) net income, plus to
the extent deducted in the calculation of net income (and without duplication), (b) interest expense, plus (c) depreciation expense and amortization expense, plus (d) income tax expense, plus (e) stock compensation expense, plus
(f) one time restructuring expenses of up to $5,000,000 related to the Atlas Acquisition and Platinum Acquisition incurred prior to June 30, 2010.” 

2.5 Amendment to Exhibit C (Compliance Certificate). Exhibit C of the Loan Agreement is hereby amended and restated in its
entirety and attached hereto as Exhibit C. 
 3. BORROWER REPRESENTATIONS AND WARRANTIES. Borrower
represents and warrants that: 
 (a) immediately upon giving effect to this First Amendment (i) the representations
and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and
correct as of such date), and (ii) no Event of Default has occurred and is continuing; 
 (b) Borrower has the
corporate power and authority to execute and deliver this First Amendment and to perform its obligations under the Loan Agreement, as amended by this First Amendment; 

 

 4 

 (c) the certificate of incorporation, bylaws and other organizational documents of
Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

(d) the execution and delivery by Borrower of this First Amendment and the performance by Borrower of its obligations under the
Loan Agreement, as amended by this First Amendment, have been duly authorized by all necessary corporate action on the part of Borrower; 

(e) this First Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable
against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting
creditors’ rights; and 
 (f) as of the date hereof, it has no defenses against the obligations to pay any amounts
under the Obligations. Borrower acknowledges that Bank has acted in good faith and has conducted in a commercially reasonable manner its relationships with Borrower in connection with this First Amendment and in connection with the Loan Documents.

 Borrower understands and acknowledges that Bank is entering into this First Amendment in reliance upon, and in partial
consideration for, the above representations and warranties, and agrees that such reliance is reasonable and appropriate. 

4. LIMITATION. The limited waiver and amendments set forth in this First Amendment shall be limited precisely as written
and shall not be deemed (a) to be a forbearance, waiver or modification of any other term or condition of the Loan Agreement or of any other instrument or agreement referred to therein or to prejudice any right or remedy which Bank may now have
or may have in the future under or in connection with the Loan Agreement or any instrument or agreement referred to therein; (b) to be a consent to any future amendment or modification, forbearance or waiver to any instrument or agreement the
execution and delivery of which is consented to hereby, or to any waiver of any of the provisions thereof; or (c) to limit or impair Bank’s right to demand strict performance of all terms and covenants as of any date. Except as expressly
amended hereby, the Loan Agreement shall continue in full force and effect. 
 5. EFFECTIVENESS. This Amendment
shall become effective as of January 1, 2010 upon the satisfaction of all the following conditions precedent: 
 5.1
Amendment. Borrower and Bank shall have duly executed and delivered this First Amendment to Bank. 
 5.2
Reaffirmation of Guaranty. The Guarantors shall have duly executed and delivered the Reaffirmation of Guaranty, attached as Schedule 1 hereto. 

 

 5 

 5.3 Payment of Bank Expenses. Borrower shall have paid all Bank Expenses
(including all reasonable attorneys’ fees and reasonable expenses) incurred through the date of this First Amendment. 

6. COUNTERPARTS. This First Amendment may be signed in any number of counterparts, and by different parties hereto in
separate counterparts, with the same effect as if the signatures to each such counterpart were upon a single instrument. All counterparts shall be deemed an original of this First Amendment. 

7. INTEGRATION. This First Amendment and any documents executed in connection herewith or pursuant hereto contain the
entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements, understandings, offers and negotiations, oral or written, with respect thereto and no extrinsic evidence whatsoever may be introduced
in any judicial or arbitration proceeding, if any, involving this First Amendment; except that any financing statements or other agreements or instruments filed by Bank with respect to Borrower shall remain in full force and effect. 

8. GOVERNING LAW; VENUE. THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF CALIFORNIA. Borrower and Bank submit to the exclusive jurisdiction of the state and federal courts in Santa Clara County, California. 

[Signature page follows] 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of
the date first written above. 
  

					
	BORROWER:	 	 VIRAGE LOGIC CORPORATION,

a Delaware corporation

			
		 	By	 	  

		 	Name:	 	  

		 	Title:	 	  

		
	BANK:	 	SILICON VALLEY BANK
			
		 	By	 	  

		 	Name:	 	  

		 	Title:	 	  

  

 SCHEDULE 1 

REAFFIRMATION OF GUARANTY 

This Reaffirmation of Guaranty is entered into as of March 31, 2010 by each of the undersigned (each a “Guarantor”,
and together, the “Guarantors”) in favor of Silicon Valley Bank (“Bank”). 
 Whereas, the
Guarantors executed and delivered to Bank an Unconditional Secured Guaranty, dated as of December 1, 2009 (as may be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”), with respect to the
obligations of Virage Logic Corporation, a Delaware corporation (“Borrower”), under that certain Loan and Security Agreement by and between Borrower and Bank, dated as of December 1, 2009 (as may be amended, restated,
supplemented or otherwise modified from time to time, the “Loan Agreement”); and 
 Whereas, Borrower and Bank
are amending the Loan Agreement pursuant to that certain Amendment No. 1 and Limited Waiver to Loan and Security Agreement, dated as of the date hereof (the “Amendment”), to extend the delivery date of certain post-closing
items under the Loan Agreement. Capitalized terms used herein without definition shall have the same meanings given them in the Loan Agreement. 

Now therefore, for valuable consideration, receipt of which is acknowledged, each Guarantor hereby agrees as follows: 

1. Reaffirmation of Guaranty. Such Guarantor hereby ratifies and reaffirms its obligations under the Guaranty and agrees that none
of the modifications or waivers to the Loan Agreement as set forth in the Amendment shall impair such Guarantor’s obligations under the Guaranty or Bank’s rights under the Guaranty. 

2. Continuing Effect and Absence of Defenses. Such Guarantor acknowledges that the Guaranty is still in full force and effect and
that such Guarantor has no defenses, other than actual payment of the guaranteed obligations, to enforcement of the Guaranty. Such Guarantor waives any and all defenses to enforcement of its Guaranty that might otherwise be available as a result of
the amendment of the Loan Agreement. 
 3. Representations and Warranties. Such Guarantor represents and warrants
that, after giving effect to the Amendment, all representations and warranties in the Guaranty are true, accurate and complete as if made the date hereof. 

[Signature page follows] 

 IN WITNESS WHEREOF, the undersigned Guarantors have executed this Reaffirmation of
Guaranty as of the date first written above. 
  

			
	VIRAGE LOGIC INTERNATIONAL
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	ARC INTERNATIONAL U.S. HOLDINGS, INC.
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	ARC INTERNATIONAL INTELLECTUAL PROPERTY, INC.
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	ARC INTERNATIONAL I.P., INC.
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	ALARITY CORPORATION
		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	SONIC FOCUS INC.
		
	By	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT C 

COMPLIANCE CERTIFICATE 
  

							
	TO:	  	SILICON VALLEY BANK	  	Date:	  	                    
	FROM:	  	VIRAGE LOGIC CORPORATION	  		  	

 The undersigned authorized officer of VIRAGE LOGIC CORPORATION (“Borrower”) certifies that
under the terms and conditions of the Loan and Security Agreement (as amended, modified, supplemented or restated from time to time, the “Agreement”) between Borrower and SILICON VALLEY BANK (“Bank”),
(1) Borrower is in complete compliance for the period ending                      with all required covenants except as noted below,
(2) there are no Events of Default, (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be
applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true,
accurate and complete in all material respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.10 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its
Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are
prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that
Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in
the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	  	Complies
			
	Transaction Report (for purposes of reporting sales, credit memos and other collateral adjustments)	  	Monthly within 30 days, unless no Advances are outstanding, then quarterly within 30 days; commencing the earlier of initial Advance or 6/30/2010	  	Yes     No    
			
	Monthly unaudited financial statements with Compliance Certificate	  	Monthly within 30 days, unless no Advances are outstanding, then quarterly within 30 days; commencing the earlier of initial Advance or 6/30/2010	  	Yes     No    
			
	Annual financial statement (CPA Audited)	  	FYE within 150 days	  	Yes     No    
			
	Financial projections, and/or financial information used in the preparation thereof	  	No later than 1/31st of FYE	  	Yes    No    
			
	10-Q, 10-K and 8-K if not available on EDGAR	  	Within 5 days after filing with SEC	  	Yes    No    
			
	A/R & A/P Agings Report	  	Monthly within 30 days, unless no Advances are outstanding, then quarterly within 30 days; commencing the earlier of initial Advance or 6/30/2010	  	Yes    No    
			
	Cash balance report	  	Quarterly within 30 days; commencing the earlier of initial Advance or 6/30/2010	  	Yes    No    

  

								
	 Financial Covenant
	  	 Required
	  	Actual	  	Complies
	 I.      Minimum Liquidity Ratio
	  	1.50:1.00	  	 	        :1.00	  	Yes    No    
	 II.     Minimum EBITDA
	  	SEE SCHEDULE I ATTACHED HERETO	  	$	            	  	Yes    No    
	 III.   Minimum domestic unrestricted cash of Borrower
	  	$10,000,000 at all times; provided, however, $15,000,000 through 6/29/10 if initial Advance is requested before 3/30/10	  	$	            	  	Yes    No    

  

 10 

 The following financial covenant information set forth in Schedule 1 attached hereto is true
and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification above (if
no exceptions exist, state “No exceptions to note”): 
  
  

 
  
  

 
  

									
	 VIRAGE LOGIC CORPORATION
	 		 	BANK USE ONLY
					
	By:	 	  
	 		 	Received by:	 	  

	Name:	 	  
	 		 		 	AUTHORIZED SIGNER
	Title:	 	  
	 		 	  
 Date:
	 	  

					
		 		 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
					
		 		 		 	Date:	 	  

				
		 		 		 	Compliance Status:            Yes        
No

 Schedule 1 to Compliance Certificate 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:                      

I. Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010, maintain a minimum consolidated Liquidity
Ratio of at least 1.50:1.00 (tested monthly; provided, however, if no amounts are outstanding under the Revolving Line, then tested quarterly) 

Actual: 
  

						
	 A.
	  	Domestic unrestricted cash and Cash Equivalents under Bank’s “control” (as defined under the Code)	  	$	            
			
	 B.
	  	Domestic short and long term investments	  	$	            
			
	 C.
	  	Eligible Accounts	  	$	            
			
	 D.
	  	Liquidity (A+B+C)	  	$	            
			
	 E.
	  	All outstanding consolidated indebtedness	  	$	            
			
	 F.
	  	Line D divided by Line E	  	$	            

Is line F equal to or greater than 1.50:1.00? 
  

							
		 	              No, not in compliance
	  	             Yes, in compliance	  	

 II. Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010,
maintain minimum consolidated EBITDA of at least the following (tested quarterly) 
  

					
	 Period
	  	Minimum EBITDA	 
	 March 31, 2010
	  	$	(500,000	) 
	 June 30, 2010
	  	$	1	  
	 September 30, 2010 and each quarter thereafter
	  	$	1,000,000	  

 Actual: 

 

					
	A.	  	Net income of Borrower for the current quarter	  	$            
			
	B.	  	To the extent included in the determination of Net Income	  	
			
		  	 1.      income tax expense
	  	$            
			
		  	 2.      depreciation expense
	  	$            
			
		  	 3.      amortization expense
	  	$            
			
		  	 4.      net interest expense
	  	$            
			
		  	 6.      stock-based compensation expense
	  	$            
			
		  	 7.       one time restructuring expenses of up to $5,000,000 related to the Atlas
Acquisition and Platinum Acquisition incurred prior to June 30, 2010
	  	$            
			
		  	 8.      the sum of lines II.B.1 through II.B.7
	  	$            
			
	C.	  	EBITDA (line II.A plus line II.B.8)	  	$            

Is line II.C equal to or greater than $             ? 

 

							
		 	              No, not in compliance
	  	             Yes, in compliance	  	

 III. Beginning the earlier of the delivery date of the initial Notice of Borrowing or June 30, 2010,
maintain at all times, consolidated domestic unrestricted cash of Borrower of at least $10,000,000; provided, however, if Borrower requests an initial Advance prior to March 30, 2010, Borrower shall maintain at all times between the date of
such request and June 29, 2010, consolidated domestic unrestricted cash of Borrower of at least $15,000,000. 
 Actual: 

 

						
	 A.
	  	Consolidated domestic unrestricted cash of Borrower	  	$	            

Is line III(A) equal to or greater than the amounts required above? 
  

							
		 	              No, not in compliance
	  	             Yes, in complianceForm of Indemnification Agreement

 EXHIBIT 10.15 

CSG SYSTEMS INTERNATIONAL, INC. 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made and entered into as of the      day of
        ,         , by and between CSG SYSTEMS INTERNATIONAL, INC., a Delaware corporation, and its wholly-owned subsidiary CSG SYSTEMS, INC., a Delaware
corporation (such two corporations being collectively referred to in this Agreement as the “Company”), and
                                        
(“Indemnitee”). 
 RECITALS: 

A. The Company and Indemnitee recognize the potential difficulty on the part of the Company in obtaining adequate and appropriate amounts
of liability insurance for the Company’s directors, officers, employees, agents, and fiduciaries, the significant cost of increased amounts of such insurance, and the limited scope of the coverages provided by such insurance. 

B. The Company and Indemnitee further recognize the frequency of corporate litigation in general, subjecting directors, officers,
employees, agents, and fiduciaries to extensive litigation risks at the same time as the availability and coverage of liability insurance for persons serving in such capacities may be reduced. 

C. Indemnitee does not regard the current liability insurance protection provided by the Company as being adequate, and Indemnitee and
other directors, officers, employees, agents, and fiduciaries of the Company may not be willing to continue to serve in such capacities without additional protection. 

D. The Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company and,
to induce Indemnitee to continue to provide services to the Company, wishes to provide for the indemnification and advancing of expenses to Indemnitee to the maximum extent permitted by applicable law. 

E. In view of the considerations set forth above, the Company and Indemnitee desire that Indemnitee be indemnified by the Company as set
forth in this Agreement. 
 NOW, THEREFORE, the Company and Indemnitee hereby agree as follows: 

 1. Indemnification. 

(a) Indemnification of Expenses. If Indemnitee was or is or becomes a party to or a witness or other participant in, or is
threatened to be made a party to or witness or other participant in, any threatened, pending, or completed action, suit, proceeding, or alternative dispute resolution method or process (each and all of which are referred to in this Agreement as a
“Proceeding”), or in any hearing, inquiry, or investigation that Indemnitee in good faith believes might lead to the institution of any Proceeding (an “Investigative Activity”), whether civil, criminal, administrative,
investigative, or another type, by reason of or arising in whole or in part out of (i) the fact that Indemnitee is or was a director, officer, employee, agent, or fiduciary of the Company, or any subsidiary of the Company, (ii) the fact
that Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent, manager, or fiduciary of another corporation, partnership, limited liability company, joint venture, trust, or other enterprise or entity, or
(iii) any action or inaction on the part of Indemnitee while serving in any of the capacities referred to in the preceding clauses (i) and (ii), then the Company shall indemnify Indemnitee to the fullest extent permitted by applicable law
against (1) any and all expenses, obligations, and liabilities of any kind (including but not limited to attorneys’ fees and costs) actually incurred by Indemnitee in connection with or as a result of Indemnitee’s investigating,
defending, being a witness in, participating in (including on appeal), or preparing to defend, be a witness in, or participate in any such Proceeding or Investigative Activity, (2) judgments, fines, penalties, and amounts paid in settlement (if
such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually incurred by Indemnitee or for which Indemnitee becomes liable in connection with or as a result of any such Proceeding or
Investigative Activity, and (3) any federal, state, local, or foreign taxes imposed on Indemnitee as a result of Indemnitee’s actual or deemed receipt of any payments under this Agreement (the items referred to in the preceding clauses
(1), (2), and (3) being collectively referred to in this Agreement as “Expenses”), including all interest, assessments, and other charges paid or payable in connection with or in respect of the Expenses. Such payment of Expenses shall
be made by the Company as soon as practicable but in any event no later than five (5) days after written demand for such payment is presented to the Company by or on behalf of Indemnitee. 

(b) Reviewing Party. Notwithstanding the provisions of Section 1(a), (i) the obligations of the Company under
Section 1(a) shall be subject to the condition that the Reviewing Party (as described in Section 10(e)) shall not have determined (in a written opinion, in any case in which the Independent Legal Counsel referred to in Section 1(c) is
involved) that Indemnitee would not be permitted to be indemnified under applicable law and (ii) the obligation of the Company to make an advance payment of Expenses to Indemnitee pursuant to Section 2(a) (an “Expense Advance”)
shall be subject to the condition that, if, when, and to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be indemnified under applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who
hereby agrees to reimburse the Company) for all such Expense Advances to which such determination applies; provided, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a
determination that Indemnitee would be permitted to be indemnified under applicable law, then any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding, and
Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect to such matter (and as to which all rights of appeal from such judicial determination have been exhausted or
lapsed). Indemnitee’s obligation to reimburse the Company for any Expense Advance shall be unsecured, and no interest shall be charged thereon. If there has not been a Change in Control (as defined in Section 10(c)), then the Reviewing
Party shall be selected by the Board of Directors; and if there has been such a Change in Control (other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to
such Change in Control), then the Reviewing Party shall be the Independent Legal Counsel referred to in Section 1(c). If there has been no determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively
would not be permitted to be indemnified in whole or in part under applicable law, then Indemnitee shall have the right to commence litigation seeking a determination by the court or challenging any such determination by the Reviewing Party or any
aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the
Company and Indemnitee. 
  

 2 

 (c) Change in Control. The Company agrees that if there is a Change in Control of the
Company (other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control) then, with respect to all matters thereafter arising concerning
the rights of Indemnitee to payments of Expenses and to Expense Advances under this Agreement or under the Company’s Certificate of Incorporation or Bylaws as now or hereafter in effect, Independent Legal Counsel (as defined in
Section 10(d)) shall be selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such Independent Legal Counsel, among other things, shall render such counsel’s written opinion to the Company
and Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under applicable law, and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of any such Independent Legal
Counsel and to fully indemnify such counsel against any and all expenses (including attorneys’ fees), claims, and liabilities arising out of or relating to this Agreement or such counsel’s engagement pursuant to this Agreement. 

(d) Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement except Section 9, to the extent that
Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of a Proceeding without prejudice, in the defense of any Proceeding or in the defense of any claim, issue, or matter arising in any Proceeding,
the Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection with such Proceeding. 
 2.
Expenses; Indemnification Procedure. 
 (a) Advancement of Expenses. The Company shall advance all Expenses
incurred by Indemnitee. The Expense Advances to be made under this Agreement shall be paid by the Company to Indemnitee or at Indemnitee’s direction as soon as practicable but in any event no later than five (5) days after Indemnitee has
made written demand to the Company for such payment. 
 (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a
condition precedent to Indemnitee’s right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable after the commencement of any Proceeding or Investigative Activity with respect to which Indemnitee will
or could seek indemnification under this Agreement. In addition, Indemnitee shall provide the Company with such information and cooperation within Indemnitee’s power as the Company reasonably may require with respect to such matter. 

 

 3 

 (c) No Presumptions; Burden of Proof. 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 create a presumption that Indemnitee did not meet any particular
standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee
has met any particular standard of conduct or had any particular belief nor an actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief prior to the commencement of legal
proceedings by Indemnitee to secure a judicial determination that Indemnitee would be permitted to be indemnified under applicable law shall be a defense to Indemnitee’s claim for indemnification or create a presumption that Indemnitee has not
met any particular standard of conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified under this Agreement, the burden of proof
shall be on the Company to establish that Indemnitee is not so entitled. 
 (d) Notice to Insurers. If, at the time of
the receipt by the Company of a notice from Indemnitee of a Proceeding or Investigative Activity pursuant to Section 2(b), the Company has liability insurance in effect which may be applicable to such Proceeding or Investigative Activity, then
the Company shall give prompt notice of the commencement of such Proceeding or Investigative Activity to the insurers in accordance with the procedures set forth in the respective policies. The Company thereafter shall take all necessary or
desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable in connection with or as a result of such Proceeding or Investigative Activity in accordance with the terms of such policies. 

(e) Selection of Counsel. If the Company is obligated under this Agreement to pay the Expenses of Indemnitee in connection with
any Proceeding or Investigative Activity, then the Company, if appropriate, shall be entitled to assume the defense of Indemnitee in such Proceeding or to represent Indemnitee in such Investigative Activity with counsel approved by Indemnitee, upon
the Company’s delivery to Indemnitee of written notice of the Company’s election so to do. After delivery of such notice, approval of such counsel by Indemnitee, and the retention of such counsel by the Company, the Company will not be
liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding or Investigative Activity; provided, that (i) Indemnitee shall have the right to employ Indemnitee’s
counsel in any such Proceeding or Investigative Activity at Indemnitee’s expense and (ii) if (A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably
concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or other representation, or (C) the Company shall not continue to retain counsel to defend Indemnitee in such Proceeding or
Investigative Activity, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
  

 4 

 3. Additional Indemnification Rights; Nonexclusivity. 

(a) Scope. The Company agrees to indemnify Indemnitee to the fullest extent permitted by law, notwithstanding that such
indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Certificate of Incorporation, the Company’s Bylaws, or by statute. In the event of any change after the date of this Agreement in any
applicable law, statute, or rule which expands the right of a Delaware corporation to indemnify a member of its Board of Directors or an officer, employee, agent, or fiduciary, Indemnitee and the Company intend that Indemnitee shall enjoy by this
Agreement the greater benefits afforded by such change. In the event of any change in any applicable law, statute, or rule which narrows the right of a Delaware corporation to indemnify a member of its Board of Directors or an officer, employee,
agent, or fiduciary, such change, to the extent not required by such law, statute, or rule to be applied to this Agreement, shall have no effect on this Agreement or the rights and obligations of Indemnitee and the Company under this Agreement
except as set forth in Section 8(a). 
 (b) Nonexclusivity. The indemnification provided by this Agreement shall be
in addition to any rights to which Indemnitee may be entitled under the Company’s Certificate of Incorporation or Bylaws, any other agreement, any vote of stockholders or disinterested directors, the General Corporation Law of the State of
Delaware, or otherwise. The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken by Indemnitee while serving in an indemnified capacity even though Indemnitee may have ceased to serve in
such capacity. 
 4. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment
in connection with any Proceeding or Investigative Action to the extent that Indemnitee has otherwise actually received payment (whether under any insurance policy maintained by the Company under Section 7, the Company’s Certificate of
Incorporation or Bylaws, or otherwise) of the amounts otherwise indemnifiable under this Agreement. 
 5. Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses incurred in connection with a Proceeding or Investigative Activity but not for the total amount
of such Expenses, then the Company nevertheless shall indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 

6. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances Federal law or applicable public
policy may prohibit the Company from indemnifying its directors, officers, employees, agents, or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future
to undertake with the Securities and Exchange Commission in certain circumstances to submit to a court the question of whether indemnification of Indemnitee is against public policy and to be governed by the final adjudication of such issue, and
Indemnitee agrees to be bound by such final adjudication. 
  

 5 

 7. Liability Insurance. To the extent the Company maintains liability insurance
policies applicable to its directors, officers, employees, agents, or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured
(i) of the Company’s directors, if Indemnitee is a director or (ii) of the Company’s officers, if Indemnitee is not a director of the Company but is an officer of the Company or (iii) of the Company’s key employees,
agents, or fiduciaries, if Indemnitee is not an officer or director of the Company but is a key employee, agent, or fiduciary of the Company. The Company promptly shall notify Indemnitee in advance of (i) any proposed cancellation of a policy
referred to in this Section 7 as a result of a breach by the Company or (ii) the Company’s intent not to procure a reasonable amount of liability insurance that covers Indemnitee. 

8. Exceptions. Notwithstanding any other provision in this Agreement to the contrary, the Company shall not be obligated pursuant
to the terms of this Agreement: 
 (a) Excluded Action or Omissions. To indemnify Indemnitee for acts, omissions, or
transactions from which Indemnitee may not be relieved of liability under applicable law; 
 (b) Claims Initiated by
Indemnitee. To indemnify or advance expenses to Indemnitee in connection with an action or proceeding initiated or brought voluntarily by Indemnitee and not by way of defense, except (i) with respect to actions or proceedings brought to
establish or enforce Indemnitee’s right to indemnification under this Agreement, any other agreement, any insurance policy, or the Company’s Certificate of Incorporation or Bylaws as now or hereafter in effect relating to Indemnitee’s
right to indemnification, (ii) in specific cases if the Board of Directors has approved the initiation or bringing of such action or proceeding, or (iii) as otherwise required under Section 145 of the General Corporation Law of
Delaware, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of expenses, or insurance recovery, as the case may be; 

(c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee with respect to any proceeding instituted
by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous; or 

(d) Claims Under Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and
sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 

9. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the
Company against Indemnitee or against Indemnitee’s estate, spouse, heirs, executors, or personal or legal representatives after the expiration of two (2) years from the date of accrual of such cause of action, and any claim or cause of
action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, that if any shorter period of limitations is otherwise applicable to any such cause of
action, then such shorter period shall govern. 
  

 6 

	10.	Construction of Certain Phrases. 

(a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting or surviving
corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees, agents, or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent, or fiduciary of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer,
employee, agent, manager, or fiduciary of another corporation, partnership, limited liability company, joint venture, employee benefit plan, trust, or other enterprise or entity, then Indemnitee shall stand in the same position under the provisions
of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have stood with respect to such constituent corporation if its separate existence had continued. 

(b) For purposes of this Agreement, references to “other enterprise” shall include employee benefit plans; references to
“fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent,
or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent, or fiduciary with respect to an employee benefit plan or its participants or beneficiaries; and if Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in the interests of the participants and beneficiaries of an employee benefit plan, then Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the
Company” as referred to in this Agreement. 
 (c) For purposes of this Agreement, a “Change of Control” shall be
deemed to have occurred upon the happening of any of the following events: 
  

	 	(i)	The Company is merged or consolidated into another corporation or entity, and immediately after such merger or consolidation becomes effective the holders of a majority
of the outstanding shares of voting capital stock of the Company immediately prior to the effectiveness of such merger or consolidation do not own (directly or indirectly) a majority of the outstanding shares of voting capital stock or other equity
interests having voting rights of the surviving or resulting corporation or other entity in such merger or consolidation; 

  

	 	(ii)	any person, entity, or group of persons within the meaning of Sections 13(d) or 14(d) of the Securities Exchange Act of 1934 (the “1934 Act”) and the rules
promulgated thereunder becomes the beneficial owner (within the meaning of Rule 13d-3 under the 1934 Act) of thirty percent (30%) or more of the outstanding voting capital stock of the Company; 

 

 7 

	 	(iii)	the Common Stock of the Company ceases to be publicly traded because of an issuer tender offer or other “going private” transaction (other than a transaction
sponsored by the then current management of the Company); 

  

	 	(iv)	the Company dissolves or sells or otherwise disposes of all or substantially all of its property and assets (other than to an entity or group of entities which is then
under common majority ownership (directly or indirectly) with the Company); 

  

	 	(v)	in one or more substantially concurrent transactions or in a series of related transactions, the Company directly or indirectly disposes of a portion or portions of its
business operations (collectively, the “Sold Business”) other than by ceasing to conduct the Sold Business without its being acquired by a third party (regardless of the entity or entities through which the Company conducted the Sold
Business and regardless of whether such disposition is accomplished through a sale of assets, the transfer of ownership of an entity or entities, a merger, or in some other manner) and either (1) the fair market value of the consideration
received or to be received by the Company for the Sold Business is equal to at least fifty percent (50%) of the market value of the outstanding Common Stock of the Company determined by multiplying the average of the closing prices for the
Common Stock of the Company on the thirty (30) trading days immediately preceding the date of the first public announcement of the proposed disposition of the Sold Business by the average of the numbers of outstanding shares of Common Stock on
such thirty (30) trading days or (2) the revenues of the Sold Business during the most recent four (4) calendar quarters ended prior to the first public announcement of the proposed disposition of the Sold Business represented fifty
percent (50%) or more of the total consolidated revenues of the Company during such four (4) calendar quarters; or 

  

	 	(vi)	during any period of two (2) consecutive years or less, individuals who at the beginning of such period constituted the Board of Directors of the Company cease,
for any reason, to constitute at least a majority of the Board of Directors of the Company, unless the election or nomination for election of each new director of the Company who took office during such period was approved by a vote of at least
seventy-five percent (75%) of the directors of the Company still in office at the time of such election or nomination for election who were directors of the Company at the beginning of such period. 

 

 8 

 (d) For purposes of this Agreement, “Independent Legal Counsel” shall mean an
attorney or firm of attorneys, selected in accordance with the provisions of Section 1(c), who shall not have otherwise performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning
the rights of Indemnitee under this Agreement or of other indemnitees under similar indemnity agreements). 
 (e) For purposes
of this Agreement, a “Reviewing Party” shall mean (i) an appropriate person or body consisting of a member or members of the Company’s Board of Directors or any other person or body appointed by the Board of Directors who is not
a party to the particular Proceeding or Investigative Activity with respect to which Indemnitee is seeking indemnification or (ii) Independent Legal Counsel. 

11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 12. Binding Effect; Successors and Assigns. This Agreement shall be binding upon, inure to the benefit of, and be
enforceable by Indemnitee and the Company and their respective successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business or assets of the Company), assigns,
spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part of the business
or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no
such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent, or fiduciary of the Company or of any other enterprise at the Company’s
request. 
 13. Attorney’s Fees. If any action is instituted by Indemnitee under this Agreement or under any
liability insurance policies maintained by the Company to enforce or interpret any of the terms of this Agreement or of such insurance policies, then Indemnitee shall be entitled to be reimbursed by the Company for all Expenses actually incurred by
Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court of
competent jurisdiction over such action determines that each of the material assertions made by Indemnitee as a basis for such action was not made in good faith or was frivolous. In the case of an action instituted by or in the name of the Company
under this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be reimbursed by the Company for all Expenses incurred by Indemnitee in defense of such action (including costs and expenses incurred
with respect to Indemnitee’s counterclaims and cross-claims made in such action) and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court having jurisdiction over such action
determines that each of Indemnitee’s material defenses to such action was made in bad faith or was frivolous. 
  

 9 

 14. Notice. All notices and other communications required or permitted under this
Agreement shall be in writing, shall be effective when given, and shall in any event be deemed to have been given (i) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if sent by regular
first-class or certified mail, (ii) upon delivery, if delivered by hand, (iii) one (1) business day after the business day of deposit with a national overnight express delivery service for next-business-day delivery, or (iv) one
(1) day after the business day of delivery by facsimile transmission, if delivered by facsimile transmission, with a copy by first-class mail postage-prepaid, and shall be addressed if to Indemnitee at Indemnitee’s address as set forth
beneath Indemnitee’s signature to this Agreement and if to the Company at the address of its principal corporate office (Attention: General Counsel) or at such other address as such party may designate by ten (10) days’ advance
written notice to the other party to this Agreement. 
 15. 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 action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this
Agreement shall be commenced, prosecuted, and continued only in the Court of Chancery of the State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a claim. 

16. Severability. The provisions of this Agreement shall be severable in the event that any of the provisions of this Agreement
(including any provision within a single section, paragraph, or sentence) are held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable; and the remaining provisions of this Agreement shall remain enforceable to the
fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void, or otherwise
unenforceable that is not itself invalid, void, or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal, or unenforceable. 

17. Choice of Law. This Agreement shall be governed by and its provisions construed and enforced in accordance with the laws of
the State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely within the State of Delaware, without regard to the conflict of laws principles. 

18. Subrogation. In the event of payment by the Company to Indemnitee under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and perform all acts that reasonably may be necessary to secure such subrogation rights and to enable the Company effectively to bring
suit to enforce such rights. 
 19. Amendment and Termination. No amendment, modification, termination, or cancellation
of this Agreement shall be effective unless it is in writing signed by both the Company and Indemitee. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provisions of this Agreement
(whether or not similar) nor shall such waiver constitute a continuing waiver. 
  

 10 

 20. Integration and Entire Agreement. This Agreement sets forth the entire
understanding between the Company and Indemnitee with respect to the subject matter of this Agreement and supersedes and merges all previous written and oral negotiations, commitments, understandings, and agreements between the Company and
Indemnitee relating to the subject matter of this Agreement. 
 21. No Construction as Employment Agreement. Nothing
contained in this Agreement shall be construed to give Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries or to serve on the Board of Directors of the Company or any of its subsidiaries or to hold any other
position as a representative or designee of the Company or any of its subsidiaries. 
  

			
	 CSG SYSTEMS INTERNATIONAL, INC., a

Delaware corporation

		
	 By:
	 	  

		 	President and Chief Executive Officer

			
	 Address:
	 	      9555 Maroon Circle
		 	      Englewood, CO 80112

			
	
	 CSG SYSTEMS, INC., a Delaware corporation

		
	 By:
	 	  

		 	President and Chief Executive Officer

			
	 Address:
	 	      9555 Maroon Circle
		 	      Englewood, CO 80112

  

	
	AGREED TO AND ACCEPTED BY:
	
	 INDEMNITEE

	
	  

	 (Signature)

	
	  

	 (Typed or Printed Name)

	
	  

	 (Address)

  

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00173-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00173-of-00352.parquet"}]]