Document:

Form of Employment Agreement (Michael Soja)

 Exhibit 10.5 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) is made and entered into as of the day      of             , 2011 by and between FusionStorm Global Inc., a Delaware corporation formerly known as
Synergy Acquisition Corp. (the “Company” and the Company and any affiliate to which the Company may assign the Merger Agreement (as defined below), “Parent”) and Michael Soja (the “Executive”), and will become effective
upon the closing of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of             , 2011 (the “Merger Agreement”) by and among, Company, FS
Merger Sub, a Delaware corporation and a wholly-owned subsidiary of the Parent (the “Subsidiary”) and fusionstorm, a Delaware corporation (“FS”). The date of such closing is herein referred to as the “Effective Date.”
Capitalized terms used, and not otherwise defined, herein shall have the meanings given to such terms in the Merger Agreement. 

WHEREAS, pursuant to the Merger Agreement, Subsidiary will merge (the “Merger”) with and into FS and FS will be the surviving
corporation of such Merger; 
 WHEREAS, it is a condition precedent to the obligation of Parent and FS to consummate the
transactions contemplated by the Merger Agreement that the Executive enter into and be bound by an employment agreement with the Parent under which the Executive will become an employee of the Parent as of the Effective Date; 

WHEREAS, Executive desires to have assurances of continued employment after the closing of the Merger Agreement; 

WHEREAS, in consideration of the continued employment of the Executive and the benefits conferred on the Executive hereunder, the Parent
wishes to be assured that the Executive will not compete with the Parent and its Affiliates (collectively, the “Parent Group”) during the period described herein; 
 WHEREAS, the Executive expressly acknowledges and recognizes that only by virtue of his employment with the Parent he will be privy to the Parent Group’s confidential and proprietary business, vendor
and customer information, to which the Executive would otherwise not have access, and that such information constitutes a valuable and protectable interest of the Parent Group; and 

WHEREAS, the Parent and the Executive acknowledge and agree that, the Parent will only agree to provide employment to the Executive in
consideration for the terms and conditions set forth in this Employment Agreement. 
 NOW THEREFORE, the parties hereto agree as
follows: 
  

	1)	Duties and Scope of Employment. 

  

	 	a)	Position and Duties. Executive will serve as the Parent’s Vice President and Chief Financial Officer and as FS’s Vice President and Chief Financial
Officer. Executive will continue to render such business and professional services in the performance of Executive’s duties, consistent with Executive’s position within the Parent and FS, as will reasonably be assigned to him by the
Parent’s Board of Directors (the “Board”), the Board of Directors of FS (the “FS Board”) or the Parent’s Chief Executive Officer (the “CEO”). In such capacity, the Executive shall perform such services and
duties in connection with the business, affairs and operations of the Parent as may be assigned or delegated to the Executive from time to time by or under the authority of the Board, the FS Board or the CEO. All duties assigned to Executive shall
generally be consistent with those he provided to FS prior to the Merger, commensurate with his status as Chief Financial Officer of the Parent, and not in violation of applicable law or established Parent policies. 

 

	 	b)	 Extent of Service. During the Executive’s employment under this Agreement, the Executive shall, subject to the direction and supervision of
the Board and the CEO, devote the Executive’s full business time, diligent efforts and business judgment, skill and knowledge to the 

	 	
advancement of the Parent’s interests, FS’s interests and to the discharge of the Executive’s duties and responsibilities under this Agreement. The Executive shall not engage in
any other business activity, except as may be approved by the Board or the CEO; provided that nothing in this Agreement shall be construed as preventing the Executive from: 

 

	 	i)	investing the Executive’s assets in any company or other entity in a manner not prohibited by Section 9(d) hereof; or 

 

	 	ii)	engaging in religious, charitable or other community or non-profit activities that do not impair the Executive’s ability to fulfill the Executive’s duties and
responsibilities under this Agreement. 

  

	2)	At-Will Employment. The parties agree that Executive’s employment with the Parent will be “at-will” employment and may be terminated by either the
Parent or Executive at any time with or without cause or notice. Executive understands and agrees that neither Executive’s job performance nor promotions, commendations, bonuses or the like from the Parent give rise to or in any way serve as
the basis for modification, amendment, or extension, by implication or otherwise, of the at- will nature of Executive’s employment with the Parent. However, as described in this Agreement, Executive may be entitled to severance pay and related
benefits depending on the circumstances of Executive’s termination of employment with the Parent. 

  

	3)	Term of Agreement. This Agreement will have an initial term (the “Initial Term”) beginning on the Effective Date and ending December 31, 2014,
unless earlier terminated in accordance with Section 5 of this Agreement. On December 31, 2014 and on each December 31 thereafter, this Agreement will automatically renew for additional one (1) year terms unless either party
provides the other party with written notice of non-renewal at least sixty (60) days prior to the date of automatic renewal. The Initial Term and any renewal or extension thereof are referred to herein as the “Term.” If Executive
becomes entitled to severance benefits pursuant to Section 5 hereof, this Agreement will not terminate until all of the obligations under this Agreement have been satisfied. 

 

	4)	Compensation. 

  

	 	a)	Base Salary. During the Term, the Parent will pay Executive an annual salary of Two Hundred Fifty Thousand Dollars and No Cents ($250,000.00) as compensation for
Executive’s services (the “Base Salary”). The Base Salary will be paid periodically in accordance with the Parent’s normal payroll practices for its senior executives. On an annual basis, Executive’s salary will be subject
to review and possible increase, which will be determined by the Board following recommendation by the Compensation Committee of the Board (the “Committee”) in connection with the Parent’s normal performance review practices. The
increased salary resulting from any increases to the initial Base Salary shall be referred to herein as the “Base Salary.” 

  

	 	b)	Bonuses. The Executive shall be eligible to receive bonuses as set forth in this Section 4(b): 

 

	 	i)	 With respect to the period from the date of the Merger Agreement to December 31, 2011, in consideration of the Executive’s diligent delivery
of business and professional services on behalf of Parent in connection with the consummation of the transactions contemplated by the Merger Agreement and the related initial public offering (the “IPO”), the Executive will be eligible to
receive a bonus in the amount of $125,000. Such bonus shall be deemed to have been earned as of the date of the closing of the IPO and $100,000 of such bonus shall be paid in cash and the balance paid by the delivery of that number of unregistered
shares of Parent 

  
 2 

	 	
common stock equal to the quotient of (A) the product of $25,000 multiplied by 1.10 divided by (B) the average closing price per share of Parent common stock as reported in The Wall
Street Journal for the ten trading days prior to the issuance of such shares. The Executive’s right, title and interest in such shares of unregistered common stock shall be deemed earned and shall vest upon the closing of the IPO. Such cash
shall be paid to the Executive, and such shares of unregistered Parent common stock shall be delivered to the Executive, at the same time that Parent pays bonuses, if any, for the year ended December 31, 2011 to other Senior Executives and in
any event, not later than March 31, 2012. The Executive acknowledges and agrees that all shares of Parent Common Stock issued pursuant to this Section 4(b)(i) shall be subject to the Lock-Up Agreement to which the Executive is a party, and
Executive hereby covenants and agrees not to offer for sale, sell, pledge, grant any option or contract to purchase, purchase any option or contract to sell or otherwise dispose of any shares of Common Stock whether directly or indirectly, during
the term of such Lock-Up Agreement. 

  

	 	ii)	With respect to the years ending on December 31, 2012 or on any December 31 occurring thereafter, Parent will maintain a bonus plan providing for potential
annual bonuses for Executive up to 100% of Executive’s Base Salary. The parameters for earning such bonus each year shall be agreed upon in advance by Parent and Executive and such bonus plan will specify the portion of such bonus which would
be earned for specified performance metrics. For the year ending December 31, 2012, eighty percent (80%) of any bonus payable pursuant to this Section 4(b)(ii) shall be paid in cash and the remaining twenty percent (20%) shall be
paid by the delivery of that number of restricted shares of equal to the quotient of (A) the product of that amount equal to twenty percent (20%) of such bonus multiplied by 1.10 divided by (B) the average closing price
per share of Parent common stock as reported in The Wall Street Journal for the ten (10) trading days prior to the date of the issuance of such shares. With respect to any year ending after December 31, 2012, the full amount of any bonus
payable under this Section 4.(b)(ii) shall be paid in cash. Any bonus payable under this Section 4(b)(ii) shall be deemed to have been earned when delivered and delivery of the shares of unregistered Parent common stock and the cash
portion of any bonus contemplated hereby shall be made at the same time that Parent pays bonuses to Senior Executives and in any event shall be paid not later than ninety (90) days after the end of the year to which such bonus relates.

  

	 	iii)	Executive will be eligible to participate in any other bonus plans or programs maintained from time to time by the Parent for the Parent Group on such terms and
conditions as provided to other Senior Executives of the Parent, as determined by the Board or the Committee. For purposes of this Agreement, “Senior Executive” shall mean the Parent’s officers under Section 16(a) of the
Securities Exchange Act of 1934. 

  

	 	c)	 Equity Awards. On the Effective Date, the Parent shall grant Executive an option to purchase that number shares of Parent stock equal to one
percent (1.0%) of Parent’s issued and outstanding common stock immediately after the closing of the IPO, such options shall have a ten year term, the exercise price per share under such option grant shall be equal to the IPO Price and the
right to exercise one-third of such options shall vest on the first anniversary of the Effective Date and the right to exercise the remaining two-thirds of such options shall vest in twenty-four equal monthly installments on the last day of each
month thereafter except as provided in Section 5(d) hereof. In addition, Executive will be eligible to receive awards of stock options, restricted stock, restricted stock units, stock appreciation rights, performance units and performance
shares or other equity awards (“Equity Awards”) pursuant to any plans or arrangements that Parent may have in effect from time to time. In the absence of specifically identified circumstances, and subject to the determination of the Board
or the Committee, the Equity Awards to Executive shall 

  
 3 

	 	
generally be made on substantially the same terms and conditions (as to vesting and exercise price) and at the same time, as the Board or the Committee provides to other Senior Executives of the
Parent of similar rank and tenure. 

  

	 	d)	General Employee Benefits. Executive will be entitled to participate in the employee benefit plans including, without limitation, medical insurance plans, life
insurance plans, disability insurance plans, expense reimbursement plans and other benefits plans as may be currently or hereafter maintained by the Parent of general applicability to other Senior Executives of the Parent. Such participation shall
be subject to the terms of the applicable plan documents, generally applicable policies of the Parent, applicable law and the discretion of the Board, the Committee, the CEO or any administrative committee or other committee provided for in or
contemplated by any such plan. Parent reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time, and nothing contained in this Agreement shall be construed to create any obligation on the part of FS
or Parent to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time. Notwithstanding anything to the contrary in the foregoing, at no time shall the benefits provided by Parent to Executive
be any less beneficial in any material respect to Executive than the benefits provided to him by FS immediately prior to the Merger (including, without limitation, health, life, and disability insurance coverage). 

 

	 	e)	Vacation. Executive will be entitled to paid vacation of four (4) weeks, in accordance with the Parent’s vacation policy for senior executive officers,
with the timing and duration of specific vacations mutually and reasonably agreed to by the parties hereto. All accrued and unused vacation days of the Executive immediately prior to the Effective Date will carry over into the Initial Term. During
the Term of this Agreement, the Executive may carry over from year to year that number of accrued, unused vacation days equal to the greater of five (5) days or that number of accrued, unused vacation days which may be carried over by senior
executives of Parent in accordance with Parent’s policy. Upon Executive’s termination of employment for any reason, Executive will be entitled to receive Executive’s accrued but unpaid vacation through the date of Executive’s
termination. 

  

	 	f)	Taxation of Payments and Benefits. The Parent shall undertake to make deductions, withholdings and tax reports with respect to payments and benefits under this
Agreement to the extent that it reasonably and in good faith believes that it is required to make such deductions, withholdings and tax reports. Payments under this Agreement shall be in amounts net of any such deductions and withholdings. Nothing
in this Agreement shall be construed to require the Parent to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deductions or withholding from any payment or benefit.

  

	 	g)	Exclusivity of Compensation and Benefits. The Executive shall not be entitled to any payments or benefits other than those provided under, or referenced within,
this Agreement, except for payment of a bonus under the Contingent Bonus Agreement by and between Executive and FS, which shall continue in full force and effect in accordance with its terms from and after the date of the Merger.

  

	 	h)	Expenses. The Parent will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection
with the performance of Executive’s duties hereunder, in accordance with the Parent’s expense reimbursement policy as in effect from time to time. For the avoidance of doubt, if Executive’s office is located in Boston, MA, the Parent
shall pay for, or reimburse Executive for, parking at, or within a reasonable distance of, FS’s office. 

  
 4 

	 	i)	Indemnification and D&O coverage. Executive will be entitled to the same indemnification rights as the Parent grants to other Senior Executives of the Parent
and, in addition, the Parent shall indemnify Executive to the fullest extent permitted under the Parent’s by-laws and/or Delaware law. Furthermore, at all times during Executive’s employment and for a period of at least two years following
the termination of Executive’s employment, the Parent will maintain a directors and officers liability policy, under which Executive shall be deemed a covered person. 

 

	5)	Termination and Termination Benefits. The provisions of Sections 2 and 3 above notwithstanding, the Executive’s employment under this Agreement shall
terminate under the following circumstances: 

  

	 	a)	Termination by the Parent for Cause. The Executive’s employment under this Agreement may be terminated for Cause without further liability of the Parent
other than payment of Accrued Obligations effective immediately upon a vote or written consent of the Board and written notice to the Executive, as further described below. For the purposes hereof, the Parent may terminate the Executive’s
employment for “Cause” upon the occurrence of one or more of the following actions by Executive after the Effective Date: 

  

	 	i)	commission, admission, confession, indictment, plea bargain or plea of nolo contendere by the Executive with respect to (A) a felony or (B) any misdemeanor
involving moral turpitude, deceit, dishonesty or fraud (“indictment” for these purposes, meaning an indictment, probable cause hearing or any other procedure pursuant to which an initial determination of probable or reasonable cause with
respect to such offense is made); 

  

	 	ii)	excessive use of alcohol or the use of illegal drugs interfering with the Executive’s obligations hereunder, in either case continuing after written notice given
to the Executive by the Board; 

  

	 	iii)	willful failure or refusal (other than by reason of Disability) to perform a significant portion of any material duty or responsibility of the Executive which continues
for thirty (30) days after written notice by the Parent setting forth in reasonable detail the scope and nature of the same; 

  

	 	iv)	gross negligence or willful misconduct of the Executive which has caused or could reasonably be expected to cause material harm to Parent or the Parent Group; or

  

	 	v)	any breach by the Executive of any of the Executive’s material obligations under this Agreement, any material written policy of the Parent of general applicability
to all executive staff (including, without limitation, the Parent’s policies regarding disclosure of confidential information) or any other material written agreement between or among Executive and the Parent which breach has caused material
harm to Parent or the Parent Group. 

  

	 	b)	Termination by the Executive for Good Reason. The Executive’s employment under this Agreement may be terminated by the Executive for Good Reason effective
immediately upon written notice to the Parent, in which event the Executive shall be entitled to the termination benefits described in Section 5(c) below. For the purposes hereof, only the following shall constitute “Good Reason”:

  

	 	i)	any material breach by the Parent of its obligations under this Agreement, including without limitation, any failure by the Parent to comply with any provision of
Section 4 or Section 12 hereof in any material respect, or any other material written agreement between Executive and the Parent; 

  
 5 

	 	ii)	any unconsented material diminution in the Executive’s title, duties, reporting relationship, authority, or responsibilities; 

 

	 	iii)	any decrease in Base Salary or bonus opportunity (unless such reduction is applied to all other similarly situated executive employees of the Parent Group and is less
than twenty percent (20%) of the Base Salary and bonus opportunity described in Section 4); or 

  

	 	iv)	the relocation of the Parent’s principal executive offices more than fifty (50) miles from 124 Grove Street, Franklin, Massachusetts.

 provided, however, that Executive will not resign for Good Reason without first providing the Parent with written notice of the
acts or omissions constituting the grounds for “Good Reason” and a cure period of thirty (30) days following the date of such notice. 
  

	 	c)	Termination other than for Cause or Death; or Upon Parent’s Election Not To Renew. If the Executive’s employment is terminated (a) by the Parent
other than for Cause or death, (b) by reason of Executive’s Disability, (c) by the Executive for Good Reason, or (d) upon the Parent’s election not to renew the Term pursuant to Section 3 then, subject to Section 6
below, Executive will receive payment of the Accrued Obligations and the following severance pay and related benefits from the Parent: 

  

	 	i)	Severance Payment. The Parent (A) for a period of twelve (12) months after the effective date (the “Termination Date”) of such termination,
will continue to pay the Executive on regular pay days the Base Salary at the rate in effect immediately prior to such termination (but, in the case of a termination by Executive for Good Reason, disregarding any reduction in Base Salary that was
the basis of such Good Reason) and (B) pay to Executive a pro-rated amount of Executive’s bonus for the bonus year in which the termination occurs (which shall be pro-rated based upon the number of weeks worked by Executive in the year of
termination and calculated based upon the bonus paid or payable to Executive for the calendar year immediately preceding the year in which Executive’s employment is terminated). Such bonuses shall be payable when normally paid by the Parent (or
within thirty (30) days after the end of the bonus year, if there is no such normal pay date). In the event of a termination due to Executive’s Disability, the severance payments shall be reduced by any payments received by Executive under
any disability insurance plan or program of Parent. 

  

	 	ii)	 Continued Group Health Benefits. The Parent shall provide the Executive with group health benefits for the Executive and Executive’s
eligible dependents pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), in accordance with the Parent’s policies immediately prior to the Termination Date (subject to the requirements of the
last sentence of Section 6(a)) until the first to occur of (i) the date which is twelve (12) months after the Termination Date and (ii) the date upon which Executive and/or Executive’s eligible dependents are covered under
similar plans. The Parent shall also provide the Executive with information and access to enable the Executive to continue COBRA coverage thereafter for the maximum permitted period at the Executive’s expense; provided

  
 6 

	 	
that during any period when the Executive receives any such benefits under another employer-provided plan or a government plan, the group health benefits provided by the Parent hereunder may be
made secondary to those provided under such other plan if permitted by such other plan. 

  

	 	iii)	Accelerated Vesting. 

  

	 	(1)	All unvested shares or options subject to the Initial Equity Award described in the first sentence of Section 4(c) above and any other Equity Award provided to
Executive during the Term which, but for the termination of Executive’s employment, would have vested and become exercisable on or prior to the date which is one (1) year after the effective date of such termination shall become fully
vested and exercisable as of the effective date of any termination. 

  

	 	(2)	If within one (1) year after the consummation of a Change of Control (as defined below), a termination of employment occurs, then all of the Executive’s
outstanding Equity Awards will immediately vest and become exercisable in full on the effective date of such termination. 

  

	 	(3)	All Equity Awards which have accelerated and become fully vested and exercisable pursuant to this Section 5(d) shall remain exercisable for at least sixty
(60) days after such acceleration and vesting, unless the applicable stock option agreements or restricted stock agreements, as applicable, provide for a longer exercise period. 

 

	 	d)	Termination for Cause or Death; Resignation without Good Reason; Or Upon Executive’s Election Not To Renew. If Executive’s employment with the Parent
(or another member of the Parent Group) is terminated voluntarily by Executive (except a resignation for Good Reason), for Cause by the Parent, due to Executive’s death, or upon Executive’s election not to renew the Term, then (i) all
continued vesting with respect to Executive’s outstanding equity awards will terminate immediately as of the date of termination (and all shares and options that are fully vested as of the date of termination will remain exercisable as provided
under the applicable stock option agreements or restricted stock agreements, as applicable), (ii) all payments of compensation by the Parent to Executive hereunder will terminate immediately except for payment of the Accrued Obligations, and
(iii) Executive will only be eligible for severance benefits in accordance with the Parent’s established policies, if any, as then in effect. Bonus payments for the year in which Executive’s’ employment is terminated shall be
made to Executive when normally paid by the Parent (or within thirty (30) days after the end of the bonus year, if there is no such normal pay date). For purposes of this Agreement, “Accrued Obligations” shall mean payment of
(i) Executive’s then-current Base Salary up to and through the date of termination, (ii) all accrued but unused vacation pay up to and through the date of termination, (iii) any unreimbursed business expenses incurred by
Executive up to and through the date of termination, which Executive must submit within thirty (30) calendar days following the date of termination, (iv) any earned but unpaid Bonus for the calendar year immediately preceding the date of
termination, which shall be paid within the timeframe as such bonus payments are paid to other Senior Executives of the Parent, and (v) any payment or rights that Executive may be due or owed under any Parent benefit, plan or program, such as
(without limitation) the Parent’s 401k plan and any short-term or long-term disability plan. 

  

	 	e)	 Determination of Disability. With respect to the Executive, the terms “Disabled,” “Disability” or any word or phrase of
similar import shall mean the inability of the Executive to perform the 

  
 7 

	 	
essential functions of the Executive’s then-existing position hereunder on a full-time basis by reason of physical or mental incapacity, sickness or infirmity that continues for more than
180 days or for periods aggregating 180 days during any period of 365 consecutive days. If any question shall arise as to whether during any period the Executive is Disabled with or without reasonable accommodation, the Executive may, and at the
request of the Parent, shall, submit to the Parent a certification in reasonable detail by a physician selected by the Parent to whom the Executive or the Executive’s guardian has no reasonable objection as to whether the Executive is so
Disabled and/or the period of time for which such Disability is expected to continue, and, for the purposes of this Agreement, any such certification shall be conclusive of the issue. The Executive shall cooperate with any reasonable request of the
physician in connection with such certification. If such a question shall arise and the Executive shall fail to submit such certification, the Parent’s determination of such issue shall be binding on the Executive. Nothing in this
Section 5 shall be construed to waive the Executive’s rights, if any, under the Family and Medical Leave Act of 1993, as amended, and/or the Americans with Disabilities Act, as amended, or other applicable federal, state, or local law.

  

	6)	Conditions to Receipt of Severance; No Duty to Mitigate. 

  

	 	a)	Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 5 hereof will be subject to Executive signing and not revoking
a separation agreement and release of claims (the “Release”) in a reasonable and customary form which shall include only a release of claims, a covenant not to sue by Executive and other standard miscellaneous provisions as are necessary
to make such Release fully effective under applicable law and provided that such Release becomes effective no later than the date (the “Release Deadline”) which is sixty (60) days after the Termination Date. If the Release does not
become effective prior to the Release Deadline, Executive will forfeit any right to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

  

	 	b)	Compliance with This Agreement. The receipt of any severance benefits pursuant to Section 5 will be subject to Executive’s compliance with the
provisions of Section 9. In the event Executive breaches any provision of Section 9, all continuing payments and benefits to which Executive may otherwise be entitled pursuant to Section 5 will immediately cease and Parent will be
entitled to any other rights and remedies which and may take any other action legally permissible as a result of breaching the provisions of Section 9. Promptly after taking action under this Section 6(b), Parent shall deliver to Executive
written notice setting forth in reasonable detail the scope and nature of such breach. 

  

	 	c)	No Duty to Mitigate. Executive will not be required to mitigate the amount of any payment contemplated by this Agreement, nor will any earnings that Executive
may receive from any other source reduce any such payment. 

  

	7)	Section 409A. 

  

	 	a)	 Separation from Service. Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to
Executive, if any, pursuant to this Agreement that, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Code Section 409A, and the final regulations and any guidance
promulgated thereunder (“Section 409A”) (together, the “Deferred Payments”) will be paid or otherwise provided until Executive has a “separation from service” within the meaning of

  
 8 

	 	
Section 409A. Similarly, no severance payable to Executive, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A pursuant to Treasury Regulation
Section 1.409A-1(b)(9) will be payable until Executive has a “separation from service” within the meaning of Section 409A. 

  

	 	b)	 Delivery of Deferred Payments. Any severance payments or benefits under this Agreement that would be considered Deferred Payments will be paid
on, or, in the case of installments, will not commence until, the sixtieth (60th) day following Executive’s separation from service, or, if later, such time as required by Section7(c). Except as required by Section 7(c), any installment payments that would have
been made to Executive during the sixty (60) day period immediately following Executive’s separation from service but for the preceding sentence will be paid to Executive on the sixtieth (60th) day following Executive’s separation from service and the
remaining payments shall be made as provided in this Agreement. 

  

	 	c)	409A “Specified Employee.” Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the
meaning of Section 409A at the time of Executive’s termination (other than due to death), then the Deferred Payments that are payable within the first six (6) months following Executive’s separation from service, will become
payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Executive’s separation from service. All subsequent Deferred Payments, if any, will be payable in accordance with
the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following Executive’s separation from service, but prior to the six (6) month anniversary of the separation from
service, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Payments will be payable in accordance with
the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.

  

	 	d)	Short-Term Deferral. Any amount paid under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in
Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments for purposes of clause (a) above. 

  

	 	e)	Involuntary Separation. Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) will not constitute Deferred Payments for purposes of clause (a) above. 

 

	 	f)	409A Compliance. The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits
to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Parent and Executive agree to work together in good faith to consider amendments to this
Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to Executive under Section 409A. 

 

	 	g)	 409A Limit. For purposes of this Agreement, “Section 409A Limit” will mean two (2) times the lesser of: (i) Executive’s
annualized compensation based upon the annual rate of pay paid to Executive during the Executive’s taxable year preceding the Executive’s taxable year of his or her separation from service as determined under Treasury Regulation
Section 1.409A-1(b)(9)(iii)(A)(1) 

  
 9 

	 	
and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of
the Internal Revenue Code for the year in which Executive’s separation from service occurred. 

  

	8)	Limitation on Parachute Payments. 

  

	 	a)	If it is determined that any payment or benefit provided to or for the benefit of Executive (a “Payment”), whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise, would be subject to the excise tax imposed by Code section 4999 or any interest or penalties with respect to such excise tax (such excise tax together with any such interest and
penalties, shall be referred to as the “Excise Tax”), then a calculation shall first be made under which such payments or benefits provided to Executive are reduced to the extent necessary so that no portion thereof shall be subject
to the Excise Tax (the “4999 Limit”). Parent shall then compare (a) Executive’s Net After-Tax Benefit (as defined below) assuming application of the 4999 Limit with (b) Executive’s Net After-Tax Benefit without
application of the 4999 Limit. “Net After-Tax Benefit” shall mean the sum of (i) all payments that Executive receives or is entitled to receive that are contingent on a change in the ownership or effective control of Parent or
in the ownership of a substantial portion of the assets of Parent within the meaning of Code section 280G(b)(2), less (ii) the amount of federal, state, local, employment, and Excise Tax (if any) imposed with respect to such payments. In the
event (a) is greater than (b), Executive shall receive Payments solely up to the 4999 Limit. In the event (b) is greater than (a), then Executive shall be entitled to receive all such Payments, and shall be solely liable for any and all
Excise Tax related thereto. If a reduction in the severance and other benefits constituting “parachute payments” is necessary so that no portion of such severance benefits is subject to the excise tax under Section 4999 of the Code,
the reduction shall occur in the following order: (1) reduction of the severance payments under Section 5(c)(i); (2) cancellation of accelerated vesting of equity awards; and (3) reduction of continued employee benefits. In the
event that acceleration of vesting of equity award compensation is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of Executive’s equity awards. 

 

	 	b)	Determination of Value. Unless the Parent and Executive otherwise agree in writing, any determination required under this Section 8 will be made in writing
by an independent valuation firm (the “Firm”) immediately prior to any Change of Control, whose determination will be conclusive and binding upon Executive and the Parent for all purposes. For purposes of making the calculations required
by this Section 8, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Parent and
Executive will furnish to the Firm such information and documents as the Firm may reasonably request in order to make a determination under this Section 8. The Parent will bear all costs the Firm may reasonably incur in connection with any
calculations contemplated by this Section 8. 

  

	 	c)	Change of Control. For purposes of this Agreement, “Change of Control” means the occurrence of any of the following events 

 

	 	i)	 the acquisition by any one person, or more than one person acting as a group (for these purposes, persons will be considered to be acting as a group if
they are owners of a corporation that enters into a merger, consolidation, purchase, exchange, or acquisition of stock, or similar business transaction with the Parent), (“Person”) that becomes the owner,

  
 10 

	 	
directly or indirectly, of securities of the Parent representing more than fifty percent (50%) of the total voting power represented by the Parent’s then outstanding securities;
provided, however, that for purposes of this subsection (i), the acquisition of additional securities by any one Person, who is considered to own more than fifty percent (50%) of the total voting power of the securities of the Parent shall not
be considered a Change of Control; 

  

	 	ii)	a change in the ownership of a substantial portion of the Parent’s assets which occurs on the date that any Person acquires (or has acquired during the twelve
(12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Parent that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value
of all of the assets of the Parent immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this Section 8(c)(ii) the following shall not constitute a change in the ownership of a substantial portion of the
Parent’s assets: (1) a transfer to an entity that is controlled by the Parent’s shareholders immediately after the transfer; or (2) a transfer of assets by the Parent to: (A) a shareholder of the Parent (immediately before
the asset transfer) in exchange for or with respect to the Parent’s securities; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Parent; (C) a Person,
that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Parent; or (D) an entity, at least fifty percent (50%) of the total value or voting power of which
is owned, directly or indirectly, by a Person described in subsection (C). For purposes of this Section 8(c)(ii), gross fair market value means the value of the assets of the Parent, or the value of the assets being disposed of, determined
without regard to any liabilities associated with such assets; or 

  

	 	iii)	a change in the composition of the Board occurring within a twelve (12) month period, as a result of which fewer than a majority of the directors are Incumbent
Directors. “Incumbent Directors” will mean directors who either (A) are directors of the Parent as of the Effective Date, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a
majority of the Incumbent Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the
Parent’s Board). 

  

	9)	Confidentiality, Non-Competition, Non-Solicitation and Assignment of Inventions. 

 

	 	a)	 Confidential Information. As used in this Agreement, “Confidential Information” means information belonging to the Parent Group which
is of value to the Parent Group in the course of conducting its business and the disclosure of which could result in a competitive or other disadvantage to the Parent or another member of the Parent Group. Confidential Information includes, without
limitation, financial information, reports, and forecasts; inventions, improvements and other intellectual property; trade secrets; know-how; designs, processes or formulae; software; market or sales information or plans; customer lists; and
business plans, business models, business strategies, prospects and opportunities (such as possible acquisitions or dispositions of businesses or facilities) which have been discussed or considered by the management of the Parent or another member
of the Parent Group. Confidential Information includes information relating to the structure of the transactions entered into by and among Parent and each of its affiliates and subsidiaries. Confidential Information includes information developed by
the Executive in the course of the Executive’s employment by the Parent that relates to the Parent’s business, as well as other information to which the Executive may have access in connection with the Executive’s employment.
Confidential Information also includes 

  
 11 

	 	
the confidential information of others with which the Parent has a business relationship. Notwithstanding the foregoing, Confidential Information does not include information in the public domain
(such as general information about the markets, vendors, customers, and technology with which the Parent Group deals), unless due to breach of the Executive’s duties under Section 9(b). 

 

	 	b)	Confidentiality. The Executive understands and agrees that the Executive’s employment creates a relationship of confidence and trust between the Executive
and the Parent and the other members of the Parent Group with respect to all Confidential Information. At all times, both during the Executive’s employment with the Parent and after its termination, the Executive will keep in confidence and
trust all such Confidential Information, and will not use or disclose any such Confidential Information without the written consent of the Parent, except as may be necessary in the ordinary course of performing the Executive’s duties to the
Parent. 

  

	 	c)	Documents, Records, etc. All documents, records, data, apparatus, equipment and other physical property, whether or not pertaining to Confidential Information,
which are furnished to the Executive by the Parent and the other members of the Parent Group or are produced by the Executive in connection with the Executive’s employment will be and remain the sole property of the Parent or the Parent Group,
as applicable. The Executive will return to the Parent all such materials and property as and when requested by the Parent. In any event, the Executive will return all such materials and property immediately upon termination of the Executive’s
employment for any reason. The Executive will not retain with the Executive any such material or property or any copies thereof after such termination. 

  

	 	d)	Noncompetition and Nonsolicitation. During Term and for a period of twelve (12) months following the effective date of the termination of Executive’s
employment by the Parent or another member of the Parent Group, the Executive (i) will not, directly or indirectly, whether as owner, partner, shareholder, consultant, agent, employee, co-venturer or otherwise, engage, participate, assist or
invest in any Competing Business (as hereinafter defined) or otherwise engage in any activity that competes with the business of the Parent or any other member of the Parent Group over which the Executive exercises direct or indirect management
control; (ii) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise soliciting, inducing or influencing any person, then employed by Parent or any other member of the Parent Group, or employed by
Parent or any member of the Parent Group within the twelve (12) months prior to such solicitation or attempt to employ, to leave employment with the Parent or any other member of the Parent Group; and (iii) will refrain from contacting,
soliciting or encouraging any customer or supplier of the Parent Group to terminate or otherwise modify adversely its business relationship with such member of the Parent Group. The Executive understands that the restrictions set forth in this
Section 9(d) are intended to protect the interest of the Parent Group in its Confidential Information and established employee, customer and supplier relationships and goodwill, and agrees that such restrictions are reasonable and appropriate
for this purpose. For purposes of this Agreement, the term “Competing Business” shall mean any business conducted anywhere in the world which is competitive with any business which the Parent or any member of the Parent Group conducts in
which Executive exercises direct or indirect management control during the two year period immediately prior to date of Executive’s termination. The provisions of this Section 9(d) shall not apply to passive investments in any mutual funds
that may have investments in a Competing Business or in any enterprise the shares of which are publicly traded if such investment in such enterprise constitutes less than one percent (1%) of the equity of such enterprise.

  
 12 

	 	e)	Third-Party Agreements and Rights. The Executive hereby confirms that the Executive is not bound by the terms of any agreement with any previous employer or
other party which restricts in any way the Executive’s use or disclosure of information or the Executive’s engagement in any business. The Executive represents to the Parent that the Executive’s execution of this Agreement, the
Executive’s employment with the Parent and the performance of the Executive’s proposed duties for the Parent will not violate any obligations the Executive may have to any such previous employer or other party. In the Executive’s work
for the Parent, the Executive will not disclose or make use of any information in violation of any agreements with or rights of any such previous employer or other party, and the Executive will not bring to the premises of the Parent any copies or
other tangible embodiments of non-public information belonging to or obtained from any such previous employment or other party. 

  

	 	f)	Assignment of Inventions. 

  

	 	i)	Inventions and Developments. As used in this Agreement, “Inventions and Developments” means any and all any inventions, modifications, discoveries,
designs, developments, improvements, processes, software programs, works of authorship, documentation, formulas, data, techniques, know-how, secret or intellectual property rights whatsoever or any interest therein (whether or not patentable or
registrable under copyright or similar statutes or subject to analogous protection). Inventions and Developments include, by way of example and without limitation, discoveries and improvements which consist of or relate to any form of Confidential
Information. 

  

	 	ii)	Company-Related Inventions and Developments. For purposes of this Agreement, “Company-Related Inventions and Developments” means all Inventions and
Developments which either (A) relate at the time of conception or development to the actual or anticipated business of the Parent or any member of the Parent Group or to the actual anticipated research and development of the Parent or any
member of the Parent Group; (B) relate to any work performed by the Executive for the Parent or any member of the Parent Group, whether or not during normal business hours; (C) are developed on Parent time; or (D) are developed
primarily through or in substantial reliance on the use of the Confidential Information or the equipment and software or other facilities or resources of the Parent or any member of the Parent Group. 

 

	 	iii)	 Ownership of Inventions and Developments. Executive hereby agrees that all Company-Related Inventions and Developments which Executive conceives
or develops, in whole or in part, either alone or jointly with others, during the Term will be the sole property of the Parent or a member of the Parent Group. The Parent or such member of the Parent Group will be the sole owner of all patents,
copyrights and other proprietary rights in and with respect to such-Related Inventions and Developments. To the fullest extent permitted by law, such Company-Related Inventions and Developments will be deemed works made for hire. Executive hereby
transfers and assigns to the Parent any proprietary rights which Executive has, may have or may acquire in any such Company-Related Inventions and Developments without further compensation, and waives any moral rights or other special rights which
Executive has, may have or may accrue therein. At the request and cost of the Parent, Executive agrees to execute any documents and take any actions that may be required to effect and confirm such transfer and assignment and waiver. The provisions
of this Section 9(f) will apply to all Company-Related Inventions and Developments which are conceived or developed during the Term whether before or after the date of this Agreement, and whether or not further development or reduction to
practice may take place after 

  
 13 

	 	
termination of Executive’s employment by the Parent or another member of the Parent Group, for which purpose it will be presumed that any Company-Related Inventions and Developments
conceived by Executive which are reduced to practice within one year after termination of Executive’s employment were conceived during the Term unless Executive is able to establish a later conception date by clear and convincing evidence.

  

	 	iv)	Disclosure of Inventions and Developments. Executive agrees promptly to disclose to the Parent, or any persons designated by it, all Company-Related Inventions
and Developments which are or may be subject to the provisions of this Section 9(f). 

  

	 	g)	Litigation and Regulatory Cooperation. During and after the Executive’s employment, the Executive shall cooperate reasonably and fully with the Parent in
the preparation, defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Parent or any Parent Group entity which relate to events or occurrences that transpired while the
Executive was employed by the Parent. The Executive’s full cooperation in connection with such claims or actions shall include, but not be limited to, being reasonably available to meet with counsel to prepare for mediation, arbitration, agency
proceeding, discovery or trial and to act as a witness on behalf of the Parent at mutually convenient times and subject to any then-current obligations Executive may have to another employer. During and after the Executive’s employment, the
Executive also shall cooperate reasonably and fully with the Parent in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that
transpired while the Executive was employed by the Parent. The Parent shall reimburse the Executive for any reasonable out-of-pocket expenses incurred in connection with the Executive’s performance of obligations pursuant to this
Section 9(g). If Parent seeks Executive’s cooperation, involvement or assistance pursuant to the above at any time after his employment with Parent has terminated, then Executive’s involvement shall be subject to his reasonable
availability and the needs of any new employer of Executive, and Parent shall provide reasonable compensation to Executive for his time and reimbursement for any expenses reasonably incurred by the Executive. 

 

	 	h)	Injunction. The Executive agrees that it would be difficult to measure any damages caused to the Parent which might result from any breach by the Executive of
the promises set forth in this Section 9, and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, subject to Section 10 of this Agreement, the Executive agrees that if the Executive breaches, or
proposes to breach, any portion of this Agreement, the Parent shall be entitled, in addition to all other remedies that it may have, to seek an injunction or other appropriate equitable relief to restrain any such breach without showing or proving
any actual damage to the Parent. In the event of any breach of any part of Section 9 of this Agreement, the duration of any such provision shall be extended by the period of the Employee’s breach. 

 

	10)	Arbitration. 

  

	 	a)	 Arbitration of Claims. Any controversy or claim arising out of or relating to this Agreement or the breach thereof or otherwise arising out of
the Executive’s employment or the termination of that employment (including, without limitation, any claims of unlawful employment discrimination whether based on age or otherwise) shall, to the fullest extent permitted by law, be settled by
arbitration in any forum and form agreed upon by the parties or, in the absence of such an agreement, under the auspices of the American Arbitration Association (“AAA”) in Boston, Massachusetts in accordance with the Employment Dispute
Resolution Rules of the AAA, 

  
 14 

	 	
including, but not limited to, the rules and procedures applicable to the selection of arbitrators. Judgment upon the award rendered by the arbitrator may be entered in any court having
jurisdiction thereof. This Section 10 shall be specifically enforceable. Notwithstanding the foregoing, this Section 10 shall not preclude either party from pursuing a court action for the sole purpose of obtaining a temporary restraining
order or a preliminary injunction in circumstances in which such relief is appropriate; provided that any other relief shall be pursued through an arbitration proceeding pursuant to this Section 10. The Parent shall bear the costs and fees of
the arbitrator’s services and the AAA. Subject to the discretion of the arbitrator, the prevailing party shall be entitled to recover their reasonable attorney’s fees. 

 

	 	b)	Waiver of Jury Trial. Executive fully understands that EXECUTIVE IS WAIVING EXECUTIVE’S RIGHT TO A JURY TRIAL 

 

	11)	Consent to Jurisdiction. To the extent that any court action is permitted consistent with or to enforce Section 10 of this Agreement, the parties hereby
consent to the jurisdiction of the Superior Court of the Commonwealth of Massachusetts sitting in Boston, Massachusetts or the United States District Court for the District of Massachusetts sitting in Boston, Massachusetts. Accordingly, with respect
to any such court action, the Executive (a) submits to the personal jurisdiction of such courts, (b) consents to service of process, and (c) waives any other requirement (whether imposed by statute, rule of court or otherwise) with
respect to personal jurisdiction and service of process. 

  

	12)	Assignment. This Agreement will be binding upon and inure to the benefit of (a) the heirs, executors and legal representatives of Executive upon
Executive’s death and (b) any Successor of the Parent. Any such Successor of the Parent will be deemed substituted for the Parent under the terms of this Agreement for all purposes. For this purpose, “Successor” means any person,
firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Parent. None of the rights of Executive to receive any
form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted assignment, transfer, conveyance or other disposition of Executive’s right to
compensation or other benefits will be null and void. 

  

	13)	Notice. All notices, requests, demands and other communications called for hereunder will be in writing and will be deemed given (i) on the date of delivery
if delivered personally, (ii) one (1) day after being sent by a well established commercial overnight service, or (iii) four (4) days after being mailed by registered or certified mail, return receipt requested, prepaid and
addressed to the parties or their successors at the following addresses, or at such other addresses as the parties may later designate in writing. 

 If to the Parent: 
 FusionStorm Global Inc. 

124 Grove Street 

Suite 311 

Franklin, MA 02038 
 Attn: Chief Executive Officer 
 With a copy to: 

FusionStorm Global Inc. 
 124 Grove Street 
 Suite 311 

Franklin, MA 02038 
 Attn: General Counsel 

  
 15 

 If to Executive: 
 Michael Soja 
 34 Musket Lane 

Sudbury, MA 01776 

With a copy to: 

John T. McCarthy 

Sanzone & McCarthy, LLP 
 888 Worcester Street, Suite 110 
 Wellesley, MA 02482 

or at the last residential address of the Executive known by the Parent. 

 

	14)	Miscellaneous Provisions. 

(a) Amendment. No provision of this Agreement will be modified, waived or discharged unless the modification, waiver or discharge
is agreed to in writing and signed by Executive and by an authorized officer of the Parent (other than Executive) that is expressly designated as an amendment to this Agreement. 

(b) Waiver. No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the
other party will be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (c) Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement. 

(d) Entire Agreement. This Agreement represents the entire agreement and understanding between the parties as to the subject
matter herein and supersedes all prior or contemporaneous agreements between them whether written or oral, except for the Contingent Bonus Agreement by and between Executive and FS. 

(e) Governing Law. This Agreement will be governed by the internal laws of the State of Delaware (without giving effect to its
conflicts of laws principles). 
 (f) Severability. The invalidity or unenforceability of any provision or provisions of
this Agreement will not affect the validity or enforceability of any other provision hereof, which will remain in full force and effect. 
 (g) Survival. The provisions of Sections 9, 10 and 11 above and this Section 14 shall survive any termination of this Agreement. 

(h) Acknowledgment. Executive acknowledges that he has had the opportunity to discuss this matter with and obtain advice from his
private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily entering into this Agreement. 

(i) Counterparts; Facsimile Signatures. This Agreement may be executed in counterparts, and each counterpart will have the same
force and effect as an original and will constitute an effective, binding agreement on the part of each of the undersigned. This Agreement may be executed by the delivery of signatures by facsimile or other electronic means. 

  
 16 

 [The remainder of this page has been left blank intentionally.] 

  
 17 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Parent by its duly authorized officer, as of the date first set forth above. 
  

			
	 FUSIONSTORM GLOBAL INC.

		
	By:	 	  

		
	Name:	 	
		
	Title:	 	
	
	EXECUTIVE
	
	  

	
	Michael Soja

  
 18Indemnification Agreement between the Company and Sharon C.Kaiser

 Exhibit 10.4 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION
AGREEMENT (“Agreement”) is made and entered into as of the 21st day of October, 2011, by and between Cornerstone Healthcare Plus REIT, Inc., a Maryland corporation (the “Company”), and Sharon C. Kaiser (“Indemnitee”). 

WHEREAS, at the request of the Company, Indemnitee currently serves as an officer of the Company and may, therefore, be subjected to
claims, suits or proceedings arising as a result of his or her service; and 
 WHEREAS, as an inducement to Indemnitee to
continue to serve as such officer, the Company has agreed to indemnify and to advance expenses and costs incurred by Indemnitee in connection with any such claims, suits or proceedings; and 

WHEREAS, the parties by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses; 

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. Definitions. For purposes of this Agreement: 

(a) “Applicable Legal Rate” means a fixed rate of interest equal to the applicable federal rate for mid-term debt instruments
as of the day that it is determined that Indemnitee must repay any advanced expenses. 
 (b) “Change in Control” means
a change in control of the Company occurring after the Effective Date of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule
or form) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change in
Control shall be deemed to have occurred if, after the Effective Date (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of all of the Company’s then-outstanding securities entitled to vote generally in the election of directors
without the prior approval of at least two-thirds of the members of the Board of Directors in office immediately prior to such person’s attaining such percentage interest; (ii) the Company is a party to a merger, consolidation, sale of
assets, plan of liquidation or other reorganization not approved by at least two-thirds of the members of the Board of Directors then in office, as a consequence of which members of the Board of Directors in office immediately prior to such
transaction or event constitute less than a majority of the Board of Directors thereafter; or (iii) at any time, a majority of the members of the Board of Directors are not individuals (A) who were directors as of the Effective Date or
(B) whose election by the Board of Directors or nomination for election by the Company’s stockholders was approved by the affirmative vote of at least two-thirds of the directors then in office who were directors as of the Effective Date
or whose election for nomination for election was previously so approved. 

 (c) “Corporate Status” means the status of a person as a present or former
director, officer, employee or agent of the Company or as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company, joint
venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company. As a clarification and without limiting the circumstances in which Indemnitee may be serving at the request
of the Company, service by Indemnitee shall be deemed to be at the request of the Company: (i) if Indemnitee serves or served as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any corporation,
partnership, limited liability company, joint venture, trust or other enterprise (1) of which a majority of the voting power or equity interest is owned directly or indirectly by the Company or (2) the management of which is controlled
directly or indirectly by the Company, or (ii) if, as a result of Indemnitee’s service to the Company or any of its affiliated entities, Indemnitee is subject to duties by, or required to perform services for, an employee benefit plan or
its participants or beneficiaries, including as a deemed fiduciary thereof. 
 (d) “Disinterested Director” means a
director of the Company who is not and was not a party to the Proceeding in respect of which indemnification and/or advance of Expenses is sought by Indemnitee. 
 (e) “Effective Date” means the date set forth in the first paragraph of this Agreement. 
 (f) “Expenses” means any and all reasonable and out-of-pocket attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses,
duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, ERISA
excise taxes and penalties and any other disbursements or expenses 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 shall also include Expenses incurred in connection with any appeal resulting from any Proceeding including, without limitation, the premium for, security for and other costs relating to any cost bond supersedeas bond or other appeal bond or
its equivalent. 
 (g) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither is, nor in the past five 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 Indemnitee under
this Agreement or of other indemnitees under similar indemnification agreements), or (ii) any other party to or participant or witness in the Proceeding giving rise to a claim for indemnification or advance of Expenses 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. 

  
 -2-

 (h) “Proceeding” means any threatened, pending or completed action, suit,
arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil (including intentional or
unintentional tort claims), criminal, administrative or investigative (formal or informal) nature, including any appeal therefrom, except one pending or completed on or before the Effective Date, unless otherwise specifically agreed in writing by
the Company and Indemnitee. If Indemnitee reasonably believes that a given situation may lead to or culminate in the institution of a Proceeding, such situation shall also be considered a Proceeding. 

Section 2. Services by Indemnitee. Indemnitee will serve as an officer of the Company. However, this Agreement shall not
impose any independent obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company. This Agreement shall not be deemed an employment contract between the Company (or any other entity) and Indemnitee. 

Section 3. General. Subject to the limitations in Section 5, the Company shall indemnify, and advance Expenses to,
Indemnitee (a) as provided in this Agreement and (b) as otherwise permitted by Maryland law in effect on the Effective Date and as amended from time to time; provided, however, that no change in Maryland law shall have the effect of
reducing the benefits available to Indemnitee hereunder based on Maryland law as in effect on the Effective Date. Subject to the limitations in Section 5, the rights of Indemnitee provided in this Section 3 shall include, without
limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law (the “MGCL”). 

Section 4. Standard for Indemnification. Subject to the limitations in Section 5, if, by reason of Indemnitee’s
Corporate Status, Indemnitee is, or is threatened to be, made a party to any Proceeding, the Company shall indemnify Indemnitee against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably incurred
by Indemnitee or on Indemnitee’s behalf in connection with any such Proceeding unless it is established by clear and convincing evidence that (a) the act or omission of Indemnitee was material to the matter giving rise to the Proceeding
and (i) was committed in bad faith or (ii) was the result of active and deliberate dishonesty, (b) Indemnitee actually received an improper personal benefit in money, property or services or (c) in the case of any criminal
Proceeding, Indemnitee had reasonable cause to believe that his or her conduct was unlawful. 
 Section 5. Certain
Limits on Indemnification. Notwithstanding any other provision of this Agreement (other than Section 6), Indemnitee shall not be entitled to: 
 (a) indemnification for any loss or liability unless all of the following conditions are met: (i) Indemnitee has determined, in good faith, that the course of conduct that caused the loss or
liability was in the best interests of the Company; (ii) Indemnitee was acting on behalf of or performing services for the Company; (iii) such loss or liability was not the result of negligence or misconduct; and (iv) such
indemnification is recoverable only out of the Company’s net assets and not from the Company’s stockholders; 

  
 -3-

 (b) indemnification for any loss or liability arising from an alleged violation of federal
or state securities laws unless one or more of the following conditions are met: (i) there has been a successful adjudication on the merits of each count involving alleged material securities law violations as to Indemnitee; (ii) such
claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to Indemnitee; or (iii) a court of competent jurisdiction approves a settlement of the claims against Indemnitee and finds that indemnification of
the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the Securities and Exchange Commission and of the published position of any state securities
regulatory authority in which securities of the Company were offered or sold as to indemnification for violations of securities laws; 
 (c) indemnification hereunder if the Proceeding was one by or in the right of the Company and Indemnitee is adjudged to be liable to the Company; 

(d) indemnification hereunder if Indemnitee is adjudged to be liable on the basis that personal benefit was improperly received in any
Proceeding charging improper personal benefit to Indemnitee, whether or not involving action in the Indemnitee’s Corporate Status; or 
 (e) indemnification or advance of Expenses hereunder if the Proceeding was brought by Indemnitee, unless: (i) the Proceeding was brought to enforce indemnification under this Agreement, and then only
to the extent in accordance with and as authorized by Section 12 of this Agreement, or (ii) the Company’s charter or Bylaws, a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of
Directors or an agreement approved by the Board of Directors to which the Company is a party expressly provide otherwise. 

Section 6. Court-Ordered Indemnification. Subject to the limitations in Section 5(a) and (b), a court of appropriate
jurisdiction, upon application of Indemnitee and such notice as the court shall require, may order indemnification of Indemnitee by the Company in the following circumstances: 
 (a) if such court determines that Indemnitee is entitled to reimbursement under Section 2-418(d)(1) of the MGCL, the court shall order indemnification, in which case Indemnitee shall be entitled to
recover the Expenses of securing such reimbursement; or 
 (b) if such court determines that Indemnitee is fairly and reasonably
entitled to indemnification in view of all the relevant circumstances, whether or not Indemnitee (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has been adjudged liable for receipt of an
improper personal benefit under Section 2-418(c) of the MGCL, the court may order such indemnification as the court shall deem proper. However, indemnification with respect to any Proceeding by or in the right of the Company or in which
liability shall have been adjudged in the circumstances described in Section 2-418(c) of the MGCL shall be limited to Expenses. 

  
 -4-

 Section 7. Indemnification for Expenses of an Indemnitee Who is Wholly or Partly
Successful. Subject to the limitations in Section 5, to the extent that Indemnitee was or is, by reason of his or her Corporate Status, made a party to (or otherwise becomes a participant in) any Proceeding and is successful, on the merits
or otherwise, in the defense of such Proceeding, Indemnitee shall be indemnified for all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf 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 under this Section 7 for all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee’s behalf in connection with each such claim, issue or matter, allocated on a reasonable and proportionate basis. For purposes of this Section 7, 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 8. Advance of Expenses for an Indemnitee. If, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be, made a party to any Proceeding, the Company shall,
without requiring a preliminary determination of Indemnitee’s ultimate entitlement to indemnification hereunder, advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with (a) such Proceeding which is
initiated by a third party who is not a stockholder of the Company or (b) such Proceeding which is initiated by a stockholder of the Company acting in his or her capacity as such and for which a court of competent jurisdiction specifically
approves such advancement, and which relates to acts or omissions with respect to the performance of duties or services on behalf of the Company. Such advance or advances shall be made within ten days after the receipt by the Company of a statement
or statements requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding and may be in the form of, in the reasonable discretion of Indemnitee (but without duplication) (a) payment of
such Expenses directly to third parties on behalf of Indemnitee, (b) advancement to Indemnitee of funds in an amount sufficient to pay such Expenses or (c) reimbursement to Indemnitee for Indemnitee’s payment of such Expenses. Such
statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that the standard of conduct
necessary for indemnification by the Company as authorized by law and by this Agreement has been met and a written undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A or in such form as may be
required under applicable law as in effect at the time of the execution thereof, to reimburse the portion of any Expenses advanced to Indemnitee, together with the Applicable Legal Rate of interest thereon, relating to claims, issues or matters in
the Proceeding as to which it shall ultimately be established, by clear and convincing evidence, that the standard of conduct has not been met by Indemnitee and which have not been successfully resolved as described in Section 7 of this
Agreement. To the extent that Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this
Section 8 shall be an unlimited general obligation by or on behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Expenses and without any requirement to post security
therefor. 

  
 -5-

 Section 9. Indemnification and Advance of Expenses as a Witness or Other
Participant. Subject to the limitations in Section 5, to the extent that Indemnitee is or may be, by reason of Indemnitee’s Corporate Status, made a witness or otherwise asked to participate in any Proceeding, whether instituted by the
Company or any other party, and to which Indemnitee is not a party, Indemnitee shall be advanced all reasonable Expenses and indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
therewith within ten days after the receipt by the Company of a statement or statements requesting any such advance or indemnification from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements
shall reasonably evidence the Expenses incurred by Indemnitee. 
 Section 10. Procedure for Determination of Entitlement
to Indemnification. 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written
request, including therein or 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. Indemnitee may submit
one or more such requests from time to time and at such time(s) as Indemnitee deems appropriate in Indemnitee’s sole discretion. The officer of the Company receiving any such request from Indemnitee shall, promptly upon receipt of such a
request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification. 
 (b) Upon
written request by Indemnitee for indemnification pursuant to Section 10(a) above, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly 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, which Independent Counsel shall be selected by Indemnitee and approved by the Board of
Directors in accordance with Section 2-418(e)(2)(ii) of the MGCL, which approval shall not be unreasonably withheld; or (ii) if a Change in Control shall not have occurred, (A) by the Board of Directors by a majority vote of a quorum
consisting of Disinterested Directors or, if such a quorum cannot be obtained, then by a majority vote of a duly authorized committee of the Board of Directors consisting solely of one or more Disinterested Directors, (B) if Independent Counsel
has been selected by the Board of Directors in accordance with Section 2-418(e)(2)(ii) of the MGCL and approved by Indemnitee, which approval shall not be unreasonably withheld, by Independent Counsel, in a written opinion to the Board of
Directors, a copy of which shall be delivered to Indemnitee or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders of the Company. If it is so determined that Indemnitee is entitled to indemnification,
payment to Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making such 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 in the discretion of the Board of Directors or Independent Counsel if retained pursuant to clause (ii)(B) of this Section 10(b). Any Expenses 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 shall indemnify and hold Indemnitee harmless therefrom. 

  
 -6-

 (c) The Company shall pay the reasonable fees and expenses of Independent Counsel, if one is
appointed. 
 Section 11. Presumptions and Effect of Certain Proceedings. 

(a) In making any 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 10(a) of this Agreement, and the Company shall have the burden
of proof to overcome that presumption in connection with the making of any determination contrary to that presumption. 
 (b)
The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, upon a plea of nolo contendere or its equivalent, or entry of an order of probation prior to judgment, does not
create a presumption that Indemnitee did not meet the requisite standard of conduct described herein for indemnification. 
 (c)
The knowledge and/or actions, or failure to act, of any other director, officer, employee or agent of the Company or any other director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or
domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise shall not be imputed to Indemnitee for purposes of determining any other right to indemnification under this Agreement.

 Section 12. Remedies of Indemnitee. 
 (a) If (i) a determination is made pursuant to Section 10(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advance of Expenses is not
timely made pursuant to Sections 8 or 9 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10(b) of this Agreement within 60 days after receipt by the Company of the request
for indemnification, (iv) payment of indemnification is not made pursuant to Sections 7 or 9 of this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to any
other section of this Agreement or the charter or Bylaws of the Company is not made within ten days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication in an appropriate
court located in the State of Maryland, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification or advance of Expenses. Alternatively, Indemnitee, at Indemnitee’s 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 a 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 to a proceeding brought by Indemnitee to enforce his or her
rights under Section 7 of this 

  
 -7-

 
Agreement. Except as set forth herein, the provisions of Maryland law (without regard to its conflicts of laws rules) shall apply to any such arbitration. The Company shall not oppose
Indemnitee’s right to seek any such adjudication or award in arbitration. 
 (b) In any judicial proceeding or arbitration
commenced pursuant to this Section 12, Indemnitee shall be presumed to be entitled to indemnification or advance of Expenses, as the case may be, under this Agreement and the Company shall have the burden of proving that Indemnitee is not
entitled to indemnification or advance of Expenses, as the case may be. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 12, Indemnitee shall not be required to reimburse the Company for any advances
pursuant to Section 8 of this Agreement until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). The Company shall, to the fullest
extent not prohibited by law, 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 of the provisions of this Agreement. 

(c) If a determination shall have been made pursuant to Section 10(b) of this Agreement 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 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. 

(d) In the event that Indemnitee is successful in seeking, pursuant to this Section 12, a judicial adjudication of or an award in
arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and
reasonably incurred by him or her in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advance of
Expenses sought, the Expenses incurred by Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated. 
 (e) Interest shall be paid by the Company to Indemnitee at the maximum rate allowed to be charged for judgments under the Courts and Judicial Proceedings Article of the Annotated Code of Maryland for
amounts which the Company pays or is obligated to pay for the period (i) commencing with either the tenth day after the date on which the Company was requested to advance Expenses in accordance with Sections 8 or 9 of this Agreement or the
60th day after the date on which the Company was requested
to make the determination of entitlement to indemnification under Section 10(b) of this Agreement, as applicable, and (ii) ending on the date such payment is made to Indemnitee by the Company. 

  
 -8-

 Section 13. Defense of the Underlying Proceeding. 

(a) Indemnitee shall notify the Company promptly in writing upon being served with any summons, citation, subpoena, complaint,
indictment, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of Expenses hereunder and shall include with such notice a description of the nature of the Proceeding and a summary of
the facts underlying the Proceeding. The failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement
unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced. 

(b) Subject to the provisions of the last sentence of this Section 13(b) and of Section 13(c) below, the Company shall have the
right to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall notify Indemnitee of any such decision to defend within 15 calendar days following receipt of notice of any such
Proceeding under Section 13(a) above. The Company shall not, without the prior written consent of Indemnitee, which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or enter into any
settlement or compromise which (i) includes an admission of fault of Indemnitee, (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release shall
be in form and substance reasonably satisfactory to Indemnitee or (iii) would impose any Expense, judgment, fine, penalty or limitation on Indemnitee. This Section 13(b) shall not apply to a Proceeding brought by Indemnitee under
Section 12 of this Agreement. 
 (c) Notwithstanding the provisions of Section 13(b) above, if in a Proceeding to
which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that Indemnitee may
have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company,
which approval shall not be unreasonably withheld, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such
Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice, subject to the prior approval of the Company, which approval shall not be unreasonably withheld, at the expense of
the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any
Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, subject to the prior approval of the Company, which
approval shall not be unreasonably withheld, at the expense of the Company (subject to Section 12(d) of this Agreement), to represent Indemnitee in connection with any such matter. 

  
 -9-

 Section 14. Non-Exclusivity; Survival of Rights; Subrogation. 

(a) The rights of indemnification and advance 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 charter or Bylaws of the Company, any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors, or
otherwise. Unless consented to in writing by Indemnitee, 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 or her Corporate Status prior to such amendment, alteration or repeal, regardless of whether a claim with respect to such action or inaction is raised prior or subsequent to such amendment, alteration or repeal. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right or remedy shall be cumulative and in addition to every other right or remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion of any right or remedy hereunder, or otherwise, shall not prohibit the concurrent assertion or employment of any other right or remedy. 
 (b) 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. 
 Section 15. Insurance. 
 (a) The Company will use its reasonable best
efforts to acquire directors and officers liability insurance, on terms and conditions deemed appropriate by the Board of Directors, with the advice of counsel, covering Indemnitee or any claim made against Indemnitee by reason of his or her
Corporate Status and covering the Company for any indemnification or advance of Expenses made by the Company to Indemnitee for any claims made against Indemnitee by reason of his or her Corporate Status. In the event of a Change in Control, the
Company shall maintain in force any and all directors and officers liability insurance policies that were maintained by the Company immediately prior to the Change in Control for a period of six years with the insurance carrier or carriers and
through the insurance broker in place at the time of the Change in Control; provided, however, (i) if the carriers will not offer the same policy and an expiring policy needs to be replaced, a policy substantially comparable in scope and amount
shall be obtained and (ii) if any replacement insurance carrier is necessary to obtain a policy substantially comparable in scope and amount, such insurance carrier shall have an AM Best rating that is the same or better than the AM Best rating
of existing insurance carrier; provided, further, however, in no event shall the Company be required to expend in the aggregate in excess of 300% of the annual premium or premiums paid by the Company for directors and officers liability insurance in
effect on the date of the Change in Control. In the event that 300% of the annual premium paid by the Company for such existing directors and officers liability insurance is insufficient for such coverage, the Company shall spend up to that amount
to purchase such lesser coverage as may be obtained with such amount. 

  
 -10-

 (b) Without in any way limiting any other obligation under this Agreement, the Company shall
indemnify Indemnitee for any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines, settlements and Expenses incurred by Indemnitee in
connection with a Proceeding over the coverage of any insurance referred to in the previous sentence. The purchase, establishment and maintenance of any such insurance shall not in any way limit or affect the rights or obligations of the Company or
Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights or obligations of the Company under any such
insurance policies. If, at the time the Company receives notice from any source of a Proceeding to which Indemnitee is a party or a participant (as a witness or otherwise), the Company has director and officer liability insurance in effect, the
Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. 
 Section 16. Coordination of Payments. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses
hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
 Section 17. Contribution. If the indemnification provided in this Agreement is unavailable in whole or in part and may not be paid to Indemnitee for any reason, other than for failure to
satisfy the standard of conduct set forth in Section 4 or due to the provisions of Section 5, then, with respect to any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the
fullest extent permissible under applicable law, the Company, in lieu of indemnifying and holding harmless Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for Expenses, judgments, penalties, and/or
amounts paid or to be paid in settlement, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against
Indemnitee. 
 Section 18. Reports to Stockholders. To the extent required by the MGCL, the Company shall report in
writing to its stockholders the payment of any amounts for indemnification of, or advance of Expenses to, Indemnitee under this Agreement arising out of a Proceeding by or in the right of the Company with the notice of the meeting of stockholders of
the Company next following the date of the payment of any such indemnification or advance of Expenses or prior to such meeting. 

Section 19. Duration of Agreement; Binding Effect. 
 (a) This Agreement shall continue until and terminate on the later of (i) the date that Indemnitee shall have ceased to serve as a director, officer, employee or agent of the Company or as a
director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, real estate investment trust, partnership, limited liability company, joint venture, trust, employee benefit
plan or other enterprise that such person is or was serving in such capacity at the request of the Company and (ii) the date that Indemnitee is no longer subject to any actual or possible Proceeding (including any rights of appeal thereto and
any Proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement). 

  
 -11-

 (b) The indemnification and advance of Expenses provided by, or granted pursuant to, this
Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (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), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any
other foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company, and shall inure to the
benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees, executors and administrators and other legal representatives. 
 (c) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or
assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such
succession had taken place. 
 (d) The Company and Indemnitee agree that a monetary remedy for breach of this Agreement, at some
later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive
relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other
relief to which Indemnitee may be entitled. Indemnitee shall further be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of
posting bonds or other undertakings in connection therewith. The Company acknowledges that, in the absence of a waiver, a bond or undertaking may be required of Indemnitee by a court, and the Company hereby waives any such requirement of such a bond
or undertaking. 
 Section 20. 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, paragraph or sentence 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, paragraph or sentence 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. 

  
 -12-

 Section 21. Identical Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. One such counterpart signed by the party against whom enforceability is sought shall be
sufficient to evidence the existence of this Agreement. 
 Section 22. Headings. 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. 
 Section 23. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of
the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

Section 24. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, on the day of such delivery, or (ii) mailed by certified or registered mail with
postage prepaid, on the third business day after the date on which it is so mailed: 
  

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

  

	 	(b)	If to the Company, to: 

Cornerstone Healthcare Plus REIT, Inc. 
 1920 Main Street 
 Suite 400 

Irvine, California 92614 
 Attn: President 
 or to such other address as may have been furnished in writing to Indemnitee by
the Company or to the Company by Indemnitee, as the case may be. 
 Section 25. Governing Law. This Agreement shall
be governed by, and construed and enforced in accordance with, the laws of the State of Maryland, without regard to its conflicts of laws rules. 
 [SIGNATURE PAGE FOLLOWS] 

  
 -13-

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

			
	
	 CORNERSTONE HEALTHCARE PLUS
 REIT, INC.

		
	By:	 	  

		 	Name: Sharon C. Kaiser
		 	Title: President and Chief Financial Officer
	
	INDEMNITEE
	
	  
 Name: Sharon
C. Kaiser

	Address:

  
 -14-

 EXHIBIT A 
 AFFIRMATION AND UNDERTAKING TO REPAY EXPENSES ADVANCED 
 To: The Board of Directors of Cornerstone
Healthcare Plus REIT, Inc. 
 Re: Affirmation and Undertaking 
 Ladies and Gentlemen: 
 This Affirmation and Undertaking is being provided
pursuant to that certain Indemnification Agreement, dated the     day of             , 2011, by and between Cornerstone Healthcare Plus REIT, Inc., a Maryland
corporation (the “Company”), and the undersigned Indemnitee (the “Indemnification Agreement”), pursuant to which I am entitled to advance of Expenses in connection with [Description of Proceeding] (the
“Proceeding”). 
 Terms used herein and not otherwise defined shall have the meanings specified in the Indemnification
Agreement. 
 I am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me
in such capacity. I hereby affirm my good faith belief that at all times, insofar as I was involved as an officer of the Company, in any of the facts or events giving rise to the Proceeding, I (1) did not act with bad faith or active or
deliberate dishonesty, (2) did not receive any improper personal benefit in money, property or services and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful.

 In consideration of the advance of Expenses by the Company for reasonable attorneys’ fees and related Expenses incurred
by me in connection with the Proceeding (the “Advanced Expenses”), I hereby agree that if, in connection with the Proceeding, it is established that (1) an act or omission by me was material to the matter giving rise to the Proceeding
and (a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (2) I actually received an improper personal benefit in money, property or services or (3) in the case of any criminal proceeding, I
had reasonable cause to believe that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses, together with the Applicable Legal Rate of interest thereon, relating to the claims, issues or matters in
the Proceeding as to which the foregoing findings have been established. 
 IN WITNESS WHEREOF, I have executed this Affirmation
and Undertaking on this     day of             , 20            . 

 

	
	
	  

Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]