Document:

EX-10.21

 Exhibit 10.21 

Execution Version 

INDEMNIFICATION AGREEMENT 

INDEMNIFICATION AGREEMENT, dated July 31, 2014 (this “Agreement”), by and among CD&R Millennium HoldCo 1 S.à
r.l., a private limited liability company incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 5, rue Guillaume Kroll, L-1025 Luxembourg, registered with the Luxembourg Trade and Companies Register under
number B 186.796 (“Parent, CD&R Millennium US AcquiCo LLC, a Delaware limited liability company (“US AcquiCo”), Kairos Vier Vermögensverwaltungs-GmbH, a private limited company incorporated under the laws of
Germany (“German BidCo”), Clayton, Dubilier & Rice Fund IX, L.P., a Cayman Islands exempted limited partnership (“CD&R Fund IX”), CD&R Advisor Fund IX, L.P., a Cayman Islands exempted limited
partnership (“Advisor Fund IX”), Clayton, Dubilier & Rice Fund IX-A, L.P. a Cayman Islands exempted limited partnership (“CD&R Fund IX-A”) and Clayton, Dubilier & Rice, LLC, a limited liability
company organized under the laws of Delaware (“CD&R”). Capitalized terms used herein without definition have the meanings set forth in Section 1 of this Agreement. 

W I T N E S S E T H: 

WHEREAS, German Bidco and US AcquiCo were acquired and formed, respectively, on behalf of Clayton, Dubilier & Rice Fund IX, L.P., a
Cayman Islands exempted limited partnership (“Fund IX”), in order to acquire (the “Acquisition”) all of the shares in Mauser Holding GmbH, a limited liability company incorporated under the laws of Germany
(“Mauser Holding”), and all of the shares in Inuit U.S. Holdings, Inc., a Delaware corporation (“Inuit”), in each case pursuant to the Sale and Purchase Agreement, dated May 10, 2014 (as may be amended from
time to time, the “Acquisition Agreement”), among DICPE (Mauser) L.P., SMA Betiligungs-GmbH, Björn Kreiter, Elliot Pearlman, Francisco de Miguel, Mauser 1 Beteiligunggesellschaft Bürgerlichen Rechts, Mauser 2
Beteiligunggesellschaft Bürgerlichen Rechts, Mauser 3 Beteiligunggesellschaft Bürgerlichen Rechts and Mauser Industrieverpackungen GmbH (as the sellers) and German Bidco and US AcquiCo (as the purchasers); 

WHEREAS, Fund IX, CD&R Advisor Fund IX, L.P. (“Advisor Fund IX”) and Clayton, Dubilier & Rice Fund IX-A, L.P.
(“Fund XI-A,” and together with Fund IX and Advisor Fund IX, the “CD&R Funds”), each a Cayman Islands exempted limited partnership, are the sole limited partners in CD&R Millennium (Cayman) Partners L.P., a
Cayman Islands exempted limited partnership (“Millennium Cayman LP”) and CD&R Millennium (Cayman) GP Limited, a Cayman Islands exempted limited company (“Millennium Cayman GP”) and a wholly owned Subsidiary of
CD&R Investment Associates IX, Ltd., the general partner of the general partner of Fund IX, is the general partner of Millennium Cayman LP; 

  
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 WHEREAS, Millennium Cayman LP currently indirectly owns 100% of the shares of Parent (with
certain members of management of the Company Group (as defined below) being expected to indirectly acquire shares of Parent in connection with or shortly after the closing of the Acquisition as described below), and Parent indirectly owns 100% of
the shares in each of German Bidco and US AcquiCo; 
 WHEREAS, in connection with the contemplated indirect investment in Parent by certain
members of management, Millennium Cayman LP formed CD&R Millennium Warehouse Limited, a Cayman Islands exempted limited company (“CD&R Millennium Warehouse”) as a wholly owned Subsidiary, and CD&R Millennium Warehouse
established (i) Millennium Verwaltungs GmbH, a private limited company incorporated under the laws of Germany that is the general partner of Millennium Management KG (“Management KG GP”) and, together with Management KG GP and
others, (ii) Millennium Beteiligungs GmbH & Co. KG, a German limited partnership (“Millennium Management KG”), which in turn owns certain ownership interests in Parent; at the closing of the Acquisition and from time
to time thereafter it is contemplated that CD&R Millennium Warehouse will transfer certain limited partnership interests in Millennium Management KG to and from certain members of management of the Company Group (the “Management
Investment”); 
 WHEREAS, CD&R, Parent, US AcquiCo and German BidCo are entering into a Consulting Agreement, dated as of
July 28, 2014 (as the same may be amended, waived, modified or supplemented from time to time, the “Consulting Agreement”), and certain members of the Company Group are may accede to the Consulting Agreement following the
closing of the Acquisition; 
 WHEREAS, one or more of Parent, US AcquiCo, German BidCo or their Subsidiaries from time to time
(i) have offered and sold or caused to be offered and sold, and in the future may offer and sell or cause to be offered and sold, equity or debt securities or instruments (such offerings, collectively, “Offerings”),
including without limitation, (a) offerings of shares of, or other direct or indirect interests in, Parent, US AcquiCo or German BidCo (or one or more of their Subsidiaries), and/or options to purchase such shares or, other direct or
indirect interests, or other equity-linked instruments, to employees, directors, managers, dealers, franchisees, and consultants of members of the CDR Group, Parent or any of its Subsidiaries (any such Offering, a “Management
Offering”), and (b) one or more offerings of debt securities for the purpose of refinancing any indebtedness of Parent, US AcquiCo, German BidCo or any of their Subsidiaries or for other corporate purposes (any such Offering, a
“Debt Offering”), and (ii) may repurchase, redeem or otherwise acquire, certain securities of Parent, US AcquiCo and German BidCo or one or more of their Subsidiaries or engage in recapitalization or structural reorganization
transactions relating thereto (any such repurchase, redemption acquisition, recapitalization or reorganization, a “Redemption”); 

WHEREAS, for the purpose of financing the Acquisition, providing funds for working capital and general corporate purposes, providing
guarantees and stand-by letters of credit, financing other transactions or otherwise, CD&R Millennium HoldCo 6 S.à r.l., a private limited liability company incorporated under the laws of 

  
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the Grand Duchy of Luxembourg (“HoldCo 6”) and the indirect Subsidiary of Parent and indirect parent of German Bidco, and US AcquiCo have entered into one or more credit
facilities, and from time to time in the future may enter into one or more additional credit facilities, with several banks and other financial institutions or may otherwise incur or assume indebtedness for borrowed money, assume, guarantee or
endorse or otherwise become liable or responsible (whether directly or contingently or otherwise) for the obligations of any other Person or make any loan or advance to any other Person (the transactions contemplated by such credit facilities and
any other such indebtedness, assumptions, guarantees, endorsements, loans, advances and liabilities, collectively, being hereinafter referred to as “Financings”); 

WHEREAS, the parties hereto recognize the possibility that claims might be made against and liabilities incurred by a member of the CDR Group
or related Persons or Affiliates under applicable securities laws or otherwise in connection with the Transactions (including the Acquisition Services and Senior Facilities Financing Services (each as defined in the Consulting Agreement)), or
relating to other actions or omissions of or by a member of the Company Group, or relating to the provision by CD&R and its Affiliates of management advisory, consulting, monitoring or other services, including service as an officer or director
of any member of the Company Group (collectively, “Services”), and the parties hereto accordingly wish to provide for each member of the CDR Group and related Persons and Affiliates to be indemnified in respect of any such claims
and liabilities; and 
 WHEREAS, the parties hereto recognize that claims might be made against and liabilities incurred by directors and
officers of any member of the Company Group in connection with such directors and officers acting in their respective capacities, and accordingly wish to provide for such directors and officers to be indemnified to the fullest extent permitted by
law in respect of any such claims and liabilities. 
 NOW, THEREFORE, in consideration of the foregoing premises, and the mutual agreements
and covenants and provisions herein set forth, the parties hereto hereby agree as follows: 
 1. Definitions. 

(a) “Acceding Parties” means those members of the Company Group which accede to this Agreement from time to time pursuant to
Section 7. 
 (b) “Affiliate” means, with respect to any Person, (i) any other Person directly or indirectly
Controlling, Controlled by or under common Control with, such Person, (ii) any Person directly or indirectly owning or controlling 10% or more of any class of outstanding voting securities of such Person or (iii) any officer, director,
general partner, special limited partner or trustee of any such Person described in clause (i) or (ii). “Control” of any Person shall consist of the power to direct the management and policies of such Person (whether through
the ownership of voting securities, by contract, as trustee or executor or otherwise) and, without limiting the 

  
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foregoing, shall be deemed to exist upon the ownership of securities entitling the holder thereof to exercise more than 50% of the voting power in the election of directors of such Person (or
other persons performing similar functions), and “Controlled by” and “Controlling” shall have correlative meanings proceeding from the foregoing definition. 

(c) “CDR Group” means CD&R, CD&R Fund IX (together with any other investment vehicle managed by CD&R or its
Affiliates, including without limitation, Advisor Fund IX and Fund IX-A), CD&R Associates IX, L.P., a Cayman Islands exempted limited partnership (together with any general partner of any other investment vehicle managed by CD&R or its
Affiliates), CD&R Investment Associates IX, Ltd., a Cayman Islands exempted company, Millennium Cayman LP, Millennium Cayman GP, CD&R Millennium Warehouse and Management KG GP. 

(d) “Claim” means, with respect to any Indemnitee, any claim by or against such Indemnitee involving any Obligation with
respect to which such Indemnitee may be entitled to be indemnified by any member of the Company Group or any of the Acceding Parties (following the accession by such Acceding Party to this Agreement pursuant to Section 7) under this Agreement.

 (e) “Company Group” means Parent and any Subsidiary thereof from time to time (including, following the consummation of
the Acquisition, Mauser Holding and Inuit and any of their respective Subsidiaries from time to time). 
 (f) “Expenses”
means all attorneys’ fees and expenses, retainers, court, arbitration and mediation costs, transcript costs, fees and expenses of experts, witness and public relations consultants, bonds, costs of collecting and producing documents, travel
expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements, costs or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, being or preparing to be a witness in, appealing or otherwise participating in a Proceeding. 
 (g)
“Indemnitee” means each member of the CDR Group, their respective Affiliates (other than any member of the Company Group), their respective successors and assigns, and the respective directors, officers, partners, members,
employees, agents, advisors, consultants, representatives and controlling persons (within the meaning of the Securities Act) of each of them, or of their partners, members and controlling persons, and each other person who is or becomes a director
or an officer of any member of the Company Group and who is or becomes an employee of, or is nominated or designated to serve as a director by, any of the foregoing, in each case irrespective of the capacity in which such person acts. 

(h) “Obligations” means, collectively, any and all claims, obligations, liabilities, causes of actions, Proceedings,
investigations, judgments, decrees, losses, damages (including punitive, consequential, special and exemplary damages), fees, fines, penalties, amounts paid in settlement, costs and Expenses (including, without

  
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limitation, interest, taxes, assessments and other charges in connection therewith and disbursements of attorneys, accountants, investment bankers and other professional advisors), in each case
whether incurred, arising or existing with respect to third parties or otherwise at any time or from time to time. 
 (i)
“Person” means an individual, corporation, limited liability company, partnership, trust, or other entity, including a governmental or political subdivision or an agency or instrumentality thereof. 

(j) “Proceeding” means a threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative, including without limitation a claim, demand, discovery request, formal or informal investigation, inquiry, administrative hearing, arbitration or other form of alternative dispute resolution, including an appeal from any of the
foregoing. 
 (k) “Related Document” means any agreement, certificate, instrument or other document to which any member of
the Company Group may be a party or by which it or any of its properties or assets may be bound or affected from time to time relating in any way to the Transactions or any Securities Offering or any of the transactions contemplated thereby,
including, without limitation, in each case as the same may be amended, modified, waived or supplemented from time to time, (i) any registration or similar statement filed by or on behalf of any member of the Company Group in connection
with any Securities Offering or other Transactions, including all exhibits, financial statements and schedules appended thereto, and any submissions in connection therewith, (ii) any prospectus, preliminary, final, free writing or
otherwise, included in such registration statements or otherwise filed, distributed or circulated by or on behalf of any member of the Company Group in connection with any Securities Offering or other Transactions or used to offer or confirm sales
of their respective securities or instruments in any Securities Offering, (iii) any private placement or offering or information memorandum or circular, information statement, or other information or materials distributed by or on behalf
of any member of the Company Group or any placement or other agent or underwriter, in connection with any Securities Offering or other Transactions, (iv) any national, local or foreign securities law or other governmental or regulatory
filings or applications made in connection with any Securities Offering, other Transactions or any of the transactions contemplated thereby, (v) any dealer-manager, underwriting, subscription, purchase, shareholders, option or
registration rights agreement or plan entered into or adopted by any member of the Company Group in connection with any Securities Offering or other Transactions, (vi) any purchase, repurchase, redemption, recapitalization or
reorganization or other agreement entered into by any member of the Company Group in connection with any Redemption or (vii) any quarterly, annual or other periodic, or any current, reports filed, furnished or supplementally provided by
any member of the Company Group, including all exhibits, financial statements and schedules appended thereto, and any submission in connection therewith. 

(l) “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

  
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 (m) “Securities Offering” means any Offering, including, without limitation, any
Management Offering, any Debt Offering and any Redemption. 
 (n) “Subsidiary” means each corporation or other Person in
which Parent owns or controls, directly or indirectly, share capital or other equity interests representing at least 50% of the outstanding voting share or other equity interests. 

(o) “Transactions” means the Acquisition (including, without limitation, all the actions taken by any member of the CDR Group
in preparation therefor or in connection therewith), Management Investment, Securities Offerings, Financings and any other transaction for which Services are or have been provided to any member of the Company Group. 

2. Indemnification. 
 (a)
To the fullest extent permitted by applicable law, each of Parent, US AcquiCo, German BidCo and, following the accession by such Acceding Party to this Agreement pursuant to Section 7, each of the Acceding Parties (each an “Indemnifying
Party” and collectively, the “Indemnifying Parties”) agrees, jointly and severally, to indemnify, defend and hold harmless each Indemnitee: 

(i) from and against any and all Obligations, whether incurred with respect to third parties or otherwise, in any way resulting from, arising
out of or in connection with, based upon or relating to (A) any applicable securities or other laws, in connection with any Securities Offering, any Financings, or other Transactions, any Related Document or any of the transactions
contemplated thereby, (B) any other action or failure to act of any member of the Company Group or any of their predecessors, whether such action or failure has occurred or is yet to occur or (C) the performance or failure to
perform by CD&R or its Affiliates of management consulting, monitoring, financial advisory or other services for any member of the Company Group (whether prior to the date hereof or hereafter, and whether pursuant to the Consulting Agreement or
otherwise); provided that the Indemnifying Parties shall not be obligated to indemnify any Indemnitee pursuant to the foregoing clause (A) or (C) to the extent that the relevant Obligation is found in a final judgment by a court of
competent jurisdiction to have resulted from the fraud or intentional misconduct of CD&R or to the extent such indemnification would be considered a breach of any applicable law; and 

(ii) from and against any and all Obligations whether incurred with respect to third parties or otherwise, in any way resulting from, arising
out of or in connection with, based upon or relating to (A) the fact that such Indemnitee is or was a shareholder, partner or holder of other equity interests in, or as a director or an officer of, any member of the Company Group or is
or was serving at the request of or for the benefit of such member of the Company Group as a director, officer, member, employee or agent of or advisor or consultant to another corporation, partnership, joint venture, trust or other enterprise,
(B) any breach or alleged breach by such Indemnitee of his or her fiduciary or any other duty as a shareholder, partner or holder 

  
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of other equity interests in, or as a director or an officer of, any member of the Company Group or (C) any payment or reimbursement by any Indemnitee, pursuant to indemnification
arrangements or otherwise, of any Obligations contemplated in the foregoing clauses (A) or (B) of this Section 2(a)(ii); provided that the Indemnifying Parties shall not be obligated to indemnify any Indemnitee pursuant to this
Section 2(a)(ii) to the extent that the relevant Obligation is found in a final judgment by a court of competent jurisdiction to have resulted from the fraud or intentional misconduct of such Indemnitee or if such indemnification would be
considered a breach of any applicable law; 
 in each case including but not limited to any and all fees, costs and Expenses (including without limitation
fees and disbursements of attorneys and other professional advisers) incurred by or on behalf of any Indemnitee in asserting, exercising or enforcing any of its rights, powers, privileges or remedies in respect of this Agreement or the Consulting
Agreement. 
 (b) Without in any way limiting the foregoing Section 2(a) and to the fullest extent permitted by applicable law, each of
the Indemnifying Parties agrees, jointly and severally, to indemnify, defend and hold harmless each Indemnitee from and against any and all Obligations resulting from, arising out of or in connection with, based upon or relating to liabilities under
any applicable securities or other laws, rules or regulations in connection with (i) the inaccuracy or breach of or default under any representation, warranty, covenant or agreement in any Related Document, or any allegation thereof,
(ii) any untrue statement or alleged untrue statement of a material fact contained in any Related Document or (iii) any omission or alleged omission to state in any Related Document a material fact required to be stated
therein or necessary to make the statements therein not misleading. Notwithstanding the foregoing, the Indemnifying Parties shall not be obligated to indemnify such Indemnitee from and against any such Obligation to the extent that such Obligation
arises out of or is based upon an untrue statement or omission made in such Related Document in reliance upon and in conformity with written information furnished to any Indemnifying Party in an instrument duly executed by such Indemnitee and
specifically stating that it is for use in the preparation of such Related Document. 
 (c) Without limiting the foregoing Sections 2(a) and
2(b) and to the fullest extent permitted by applicable law, in the event that any Proceeding is initiated by an Indemnitee, any member of the Company Group or any other Person to enforce or interpret this Agreement or the Consulting Agreement or any
rights of such Indemnitee to indemnification or advancement of Expenses (or related obligations of such Indemnitee) under any member of the Company Group’s certificate of incorporation, articles of association, bylaws or similar organizational
documents, any other agreement to which Indemnitee and any member of the Company Group are party, any vote of directors of any member of the Company Group, any applicable law or any liability insurance policy, or any rights or obligations under the
Consulting Agreement the Indemnifying Parties shall indemnify such Indemnitee against all costs and Expenses incurred by such Indemnitee or on such Indemnitee’s behalf (including, without limitation, by any member of the CDR Group for all costs
and Expenses 

  
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incurred by it or such Indemnitee’s behalf) in connection with such Proceeding, whether or not such Indemnitee is successful in such Proceeding, except to the extent that the Person
presiding over such Proceeding determines that material assertions made by such Indemnitee in such proceeding were in bad faith or were frivolous. 

3. Contribution. 
 (a) If
for any reason the indemnity specifically provided for in Section 2 is unavailable or is insufficient to hold harmless any Indemnitee from any of the Obligations covered by such indemnity, then the Indemnifying Parties, jointly and severally,
shall, to the fullest extent permitted by applicable law, contribute to the amount paid or payable by such Indemnitee as a result of such Obligation in such proportion as is appropriate to reflect (i) the relative fault of each member of
the Company Group, on the one hand, and such Indemnitee, on the other, in connection with the state of facts giving rise to such Obligation, (ii) the relative benefits received by the members of the Company Group, on the one hand, and
such Indemnitee, on the other, from the relevant Securities Offering, Financing, other Transaction or other circumstances giving rise to such obligation and (iii) if required by applicable law, any other relevant equitable
considerations. 
 (b) For purposes of Section 3(a), the relative fault of each member of the Company Group, on the one hand, and of an
Indemnitee, on the other, shall be determined by reference to, among other things, (i) their respective relative intent, knowledge, access to information and opportunity to correct the state of facts giving rise to such Obligation and
(ii) in the case of Section 2(b), whether the information the inclusion or omission of which from a Related Document resulted in the actual or alleged inaccuracy or breach of or default under any representation, warranty, covenant or
agreement therein, or which is or is alleged to be untrue, required to be stated therein or necessary to make the statements therein not misleading, was supplied or should have been supplied by members of the Company Group, on the one hand, or by
such Indemnitee, on the other, and (iii) applicable law. For the purposes of Section 3(a), the relative benefits received by each member of the Company Group, on the one hand, and an Indemnitee, on the other, shall be determined by
weighing the direct monetary proceeds to the Company Group, on the one hand, and such Indemnitee, on the other, from the relevant Securities Offering, Financing, other Transaction, or other circumstances giving rise to such Obligation. 

(c) The parties hereto acknowledge and agree that it would not be just and equitable if Indemnifying Parties’ contributions pursuant to
Section 3 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in such Section. No Indemnitee shall be entitled to contribution from any
Indemnifying Party with respect to any Obligation covered by the indemnity specifically provided for in Section 2(b) in the event that such Indemnitee is finally determined to be guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) or under other applicable law in connection with such Obligation and the Indemnifying Parties are not guilty of such fraudulent misrepresentation. 

  
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 (d) Notwithstanding any other provision of this Agreement, each Party agrees not to assert or
enforce any joint and several obligation, indemnity or guarantee under this agreement or any other payment obligation under or in connection with this Agreement (each such joint and several obligation, guarantee, indemnity or payment obligation a
“Payment Obligation”) expressed to be assumed by German BidCo or any future party hereunder incorporated in Germany and which is a German limited liability company (Gesellschaft mit beschränkter Haftung)
(each of them a “German Party”) if and to the extent that: 
 (i) such Payment Obligation constitutes a liability,
guarantee or security with respect to any obligation or liability of: 
  

	 	(a)	any direct or indirect shareholder of such German Party (up-stream); or 

  

	 	(b)	any affiliated entity (verbundenes Unternehmen) of such direct or indirect shareholder of such German Party within the meaning of Section 15 of the German Stock Corporation Act
(Aktiengesetz) other than affiliated entities in respect of which such German Party is a direct or indirect shareholder (cross-stream); and 

(ii) the assertion or enforcement of such Payment Obligation otherwise would have the effect of: 

 

	 	(a)	reducing the net assets (Reinvermögen) of the German Party to an amount which is less than the amount required to maintain its stated share capital (Stammkapital); or 

 

	 	(b)	where such German Party’s net assets are less than the amount of its registered share capital (Unterbilanz), increasing such existing shortage of its stated share capital (Vertiefung einer
Unterbilanz), and 

 in each case of (i) and (ii) above, result in a violation of Section 30 of the German
Limited Liability Companies Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung) (as amended from time to time). 

4. Indemnification Procedures. 

(a) Whenever any Indemnitee shall have actual knowledge of the assertion of a Claim against it, CD&R (acting on its own behalf or, if
requested by any such Indemnitee other than itself, on behalf of such Indemnitee) or such Indemnitee shall notify the appropriate member of the Company Group in writing of 

  
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the Claim (a “Notice of Claim”) with reasonable promptness after such Indemnitee has such knowledge relating to such Claim and has notified CD&R thereof. The Notice of Claim
shall specify all material facts known to CD&R (or if given by such Indemnitee, such Indemnitee) relating to such Claim and the monetary amount or an estimate of the monetary amount of the Obligation involved if CD&R (or if given by such
Indemnitee, such Indemnitee) has knowledge of such amount or a reasonable basis for making such an estimate. The failure of CD&R (or any relevant Indemnitee) to give such Notice of Claim shall not relieve any Indemnifying Party of its
indemnification obligations under this Agreement except to the extent that such omission results in a failure of actual notice to it and it is materially injured as a result of the failure to give such Notice of Claim. The Indemnifying Parties
shall, at their expense, undertake the defense of such Claim with attorneys of their own choosing reasonably satisfactory in all respects to CD&R, subject to the right of CD&R to undertake such defense as provided below. CD&R may
participate in such defense with counsel of CD&R’s choosing at the expense of such Indemnifying Parties. In the event that the Indemnifying Parties do not undertake the defense of the Claim within a reasonable time after CD&R or the
relevant Indemnitee has given the Notice of Claim, or in the event that CD&R shall in good faith determine that the defense of any Claim by the Indemnifying Parties is inadequate or may conflict with the interest of any Indemnitee (including,
without limitation, Claims brought by or on behalf of any member of the Company Group), CD&R may, at the expense of such Indemnifying Parties, undertake the defense of the Claim and compromise or settle the Claim, all for the account of and at
the risk of the Indemnifying Parties. In the defense of any Claim against the Indemnitee, the Indemnifying Parties shall not, except with the prior written consent of CD&R, consent to entry of any judgment or enter into any settlement that
includes any injunctive or other non-monetary relief or any payment of money by such Indemnitee, or that does not include as an unconditional term thereof the giving by the Person or Persons asserting such Claim to such Indemnitee of an
unconditional release from all liability with respect to all matters that are the subject of such Claim and an acknowledgement that such Indemnitee denies all wrongdoing in connection with such matters. The Indemnifying Parties shall not be
obligated to indemnify any Indemnitee against amounts paid in settlement of a Claim if such settlement is effected by such Indemnitee without the prior consent of the Parent (on behalf of the Indemnifying Parties), such consent not unreasonably to
be withheld or delayed. In each case, CD&R and each other Indemnitee seeking indemnification hereunder will cooperate with the Indemnifying Parties, so long as an Indemnifying Party is conducting the defense of the Claim, in the preparation for
and the prosecution of the defense of such Claim, including making available evidence within the control of CD&R or such Indemnitee, as the case may be, and persons needed as witnesses who are employed by CD&R or such Indemnitee, as the case
may be, in each case as reasonably needed for such defense and at cost, which cost, to the extent reasonably incurred, shall be paid by the Indemnifying Parties. To the extent that any CD&R or any Indemnitee undertakes the defense of a Claim and
compromises or settles the Claim as permitted by this Section 4(a), each Indemnifying Party will cooperate with CD&R and any other such Indemnitee in the preparation for and prosecution of the defense of such Claim, including making
available evidence within 

  
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the control of such Indemnifying Party and persons needed as witnesses who are employed by such Indemnifying Party as reasonably needed for such defense and at cost, which cost, to the extent
reasonably incurred, shall be paid by the Indemnifying Parties. 
 (b) CD&R shall notify the Indemnifying Parties in writing of the
amount requested for advances (a “Notice of Advances”). The Indemnifying Parties hereby agree, jointly and severally, to advance all Expenses, including attorney’s fees, incurred by CD&R (acting on its own behalf or, if
requested by any such Indemnitee other than itself, on behalf of such Indemnitee) or any Indemnitee in connection with any Claim (but not for any claim initiated or brought voluntarily by the Indemnitee other than a Proceeding contemplated by
Section 2(c)) in advance of the final disposition of such Claim without regard to whether such Indemnitee will ultimately be entitled to be indemnified for such Expenses upon receipt of an undertaking by or on behalf of CD&R or such
Indemnitee to repay amounts so advanced if it shall ultimately and finally be determined, including through all challenges, if any, to the award rendered therein, that CD&R or such Indemnitee is not entitled to be indemnified by any Indemnifying
Party as authorized by this Agreement. Such repayment undertaking shall be unsecured and shall not bear interest. No Indemnifying Party shall impose on any Indemnitee additional conditions to advancement or require from such Indemnitee additional
undertakings regarding repayment. The Indemnifying Parties shall make payment of such advances no later than 10 days after the receipt of the Notice of Advances. 

(c) CD&R shall notify the Indemnifying Parties in writing of the amount of any Obligation actually paid by CD&R or any Indemnitee on
whose behalf CD&R is acting (a “Notice of Payment”). The amount of any Obligation actually paid by such Indemnitee shall bear simple interest at the rate equal to Barclays base lending rate as notified to the Indemnifying Party
in the Notice of Payment plus 2% per annum, accruing daily and calculated on the basis of a year of 360 days (or, in the case of payments in sterling, 365 days) and the actual number of days elapsed, from the date any Indemnifying Party
receives the Notice of Payment to the date on which any Indemnifying Party shall repay the amount of such Obligation plus interest thereon to CD&R or such Indemnitee. The Indemnifying Parties shall make indemnification payments to CD&R no
later than 30 days after receipt of a Notice of Payment. 
 (d) Presumptions; Burden and Standard of Proof. In connection with any
determination regarding the entitlement of any Indemnitee to be indemnified, or any review of any such determination, by any Person: 
 (i)
It shall be a presumption that such Indemnitee has met any applicable standard of conduct and that indemnification of such Indemnitee is proper in the circumstances. 

(ii) The burden of proof shall be on the Indemnifying Parties to overcome the presumption set forth in the preceding clause (i), and such
presumption shall only be overcome if the Indemnifying Parties establish that there is no reasonable basis to support it. 

  
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 (iii) The termination of any Proceeding by judgment, order, finding, award, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that indemnification is not proper or that an Indemnitee did not meet any applicable standard of conduct or that a
court has determined that indemnification is not permitted by this Agreement or otherwise. 
 (e) If any amount payable hereunder to any
Indemnitee is subject to any value-added, withholding or other taxes, such amount payable shall be increased, to the maximum extent permitted by applicable law, by such additional amount as may be necessary so that after payment and withholding of
all such taxes (including all payments and withholdings in respect of such additional amount) the Indemnitee receives an amount equal to the amount it would have received if no such taxes had been required to be paid or deducted. 

5. Certain Covenants. Each of Parent, HoldCo 1, German BidCo and US AcquiCo and each of the Acceding Parties (following the accession by
such Acceding Party to this Agreement pursuant to Section 7), jointly and severally agrees to, and to cause each of its respective Subsidiaries to, perform its obligations under this Agreement. The rights of each Indemnitee to be indemnified
under any other agreement, document, certificate or instrument, by-laws or other organizational documents, insurance policy or applicable law are independent of and in addition to any rights of such Indemnitee to be indemnified under this Agreement,
provided that to the extent that an Indemnitee is entitled to be indemnified by the Indemnifying Parties under this Agreement and by any other Indemnitee under any other agreement, document, certificate, by-law or instrument, or by any
insurer under a policy maintained by any other Indemnitee, the obligations of the Indemnifying Parties hereunder shall be primary, and the obligations of such other Indemnitee or insurer secondary, and the Indemnifying Parties shall not be entitled
to contribution or indemnification from or subrogation against such other Indemnitee or insurer. Notwithstanding the foregoing, any Indemnitee may choose to seek indemnification from any potential source of indemnification regardless of whether such
indemnitor is primary or secondary. An Indemnitee’s election to seek advancement of indemnified sums from any secondary indemnifying party will not limit the right of such Indemnitee, or any secondary indemnitor proceeding under subrogation
rights or otherwise, from seeking indemnification from the Indemnifying Parties to the extent that the obligations of the Indemnifying Parties are primary, and each of the Indemnifying Parties jointly and severally agrees to indemnify each
Indemnitee from and against, and to pay to each Indemnitee, any amount paid or reimbursed by such Indemnitee to or on behalf of another Indemnitee, pursuant to indemnification arrangements or otherwise, in respect of an Obligation referred to in
Section 2. The rights of each Indemnitee and the obligations of each Indemnifying Party hereunder shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnitee. Following the Acquisition, each
member of the Company 

  
 12 

 
Group, and each of their corporate successors, shall implement and maintain in full force and effect any and all partnership agreements, corporate articles or charter and by-law or equivalent
provisions that may be necessary or appropriate to enable each such party to carry out its respective obligations hereunder to the fullest extent permitted by applicable law, including, without limitation, a provision of its certificate of
incorporation or by-laws (or comparable organizational documents under its jurisdiction of organization) eliminating liability of a director for breach of fiduciary or any other duty to the fullest extent permitted by applicable law, as amended from
time to time. So long as Parent or any other member of the Company Group maintains liability insurance for any directors, officers, employees or agents of any such person, the Indemnifying Parties shall ensure that each Indemnitee serving or that
has served in such capacity is covered by such insurance in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of Parent’s and the Company Group’s then current directors and
officers. No Indemnifying Party shall seek or agree to any order of a court or other governmental authority that would prohibit or otherwise interfere, and shall not take or fail to take any other action if such action or failure would reasonably be
expected to have the effect of prohibiting or otherwise interfering, with the performance of any of the Indemnifying Parties’ advancement, indemnification or other obligations under this Agreement. 

6. Notices. All notices and other communications made in connection with this Agreement shall be in writing and shall be delivered by
certified or registered mail (first class postage prepaid and return receipt requested) or equivalent service, or by telecopier, e-mail, overnight courier or hand delivery, as follows: 

(a) if to any member of the Company Group, to: 

CD&R Millennium HoldCo 1 S.à r.l. 

5, rue Guillame Kroll 
 L-1025
Luxembourg 
 Luxembourg 

Facsimile:         (352) 48 18 28 3461 

Telephone:        (+352) 48 18 28 3453 

Attention:          Board of Managers 

e-mail:               adlux-domc@alterdomus.lu 

with a copy to CD&R (which shall not constitute notice); 

(b) if to CD&R, CD&R Fund IX, Advisor Fund IX or CD&R Fund IX-A, to: 

Clayton, Dubilier & Rice, LLC 

375 Park Avenue 
 18th Floor 
 New York, New York 10152 

U.S.A. 

  
 13 

 Facsimile:         (1) (212) 407-5250 

Telephone:        (1) (212) 407-5200 

Attention:          Theresa A. Gore 

e-mail:               tgore@cdr-inc.com 

with a copy to: 
 CD&R LLP

 Cleveland House, 33 King Street 

London, W1X 9DA 
 United Kingdom

 Facsimile:         (44) (20) 7747-3801 

Telephone:        (44) (20) 7747-3800 

Attention:          Mr. Christian Storch 

e-mail:               cstorch@cdrllp.com 

or to such other address or such other person as the relevant party shall have designated by notice to the other parties hereto. All
communications hereunder shall be effective upon receipt by the party to which they are addressed. A copy of any notice or other communication given under this Agreement shall also be given to: 

Debevoise & Plimpton LLP 

Tower 42 
 Old Broad Street 

London EC2N 1HQ 
 United Kingdom

 Facsimile:         (44) (20) 7588-4180 

Telephone:        (44) (20) 7786-9000 

Attention:          Geoffrey P. Burgess 

e-mail:               gpburgess@debevoise.com 

7. Acceding Parties. Parent or CD&R may require that any member of the Company Group that is not a party to this Agreement accede
and become a party to this Agreement by written notice to the other. Upon any such requirement, Parent shall, as promptly as practicable, cause each of the Acceding Parties to become a party to this Agreement by signing the Accession Letter
Agreement attached hereto as Exhibit A. 
 8. Headings. The headings contained in this Agreement are for purposes of
convenience only and shall not affect the meaning or interpretation of this Agreement. 

  
 14 

 9. Counterparts etc. This Agreement may be executed in several counterparts, each of which
shall be deemed an original and all of which shall together constitute one and the same instrument. This Agreement may be executed by facsimile signatures. 

10. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS TO THE EXTENT THAT SUCH PRINCIPLES WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION, PROVIDED THAT SECTION 3(D) SHALL BE SUBJECT TO THE LAWS OF THE FEDERAL REPUBLIC OF
GERMANY AND CONSTRUED IN ACCORDANCE THEREWITH. 
 11. Arbitration. 

(a) Any dispute, claim or controversy arising out of, relating to, or in connection with this Agreement, or the breach, termination,
enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this Agreement to arbitrate, shall be finally determined by arbitration. The arbitration shall be administered by JAMS. If the disputed
claim or counterclaim exceeds $250,000, not including interest or attorneys’ fees, the JAMS Comprehensive Arbitration Rules and Procedures (“JAMS Comprehensive Rules”) in effect at the time of the arbitration shall govern the
arbitration, except as they may be modified herein or by mutual written agreement of the parties. If no disputed claim or counterclaim exceeds $250,000, not including interest or attorneys’ fees, the JAMS Streamlined Arbitration Rules and
Procedures (“JAMS Streamlined Rules”) in effect at the time of the arbitration shall govern the arbitration, except as they may be modified herein or by mutual written agreement of the parties. 

(b) The seat of the arbitration shall be New York, New York. The parties submit to jurisdiction in the state and federal courts of the State of
New York for the limited purpose of enforcing this agreement to arbitrate. 
 (c) The arbitration shall be conducted by one neutral
arbitrator unless the parties agree otherwise. The parties agree to seek to reach agreement on the identity of the arbitrator within thirty days after the initiation of arbitration. If the parties are unable to reach agreement on the identity of the
arbitrator within such time, then the appointment of the arbitrator shall be made in accordance with the process set forth in JAMS Comprehensive Rule 15. 

(d) The arbitration award shall be in writing, state the reasons for the award, and be final and binding on the parties. The arbitrator may, in
the award, allocate all or part of the costs of the arbitration, including the fees of the arbitrator and the attorneys’ fees of the prevailing party. Judgment on the award may be entered by any court having jurisdiction thereof or having
jurisdiction over the relevant party or its assets. Notwithstanding applicable state law, the arbitration and this agreement to arbitrate shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. 

  
 15 

 (e) The parties agree that the arbitration shall be kept confidential and that the existence of
the proceeding and any element of it (including but not limited to any pleadings, briefs or other documents submitted or exchanged, any testimony or other oral submissions, and any awards) shall not be disclosed beyond the tribunal, JAMS, the
parties, their counsel, accountants and auditors, insurers and re-insurers, and any person necessary to the conduct of the proceeding. The confidentiality obligations shall not apply (i) if disclosure is required by law, or in judicial
or administrative proceedings, or (ii) as far as disclosure is necessary to enforce the rights arising out of the award. 
 12.
Successors; Binding Effect; Assignment. Each Indemnifying Party will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business and assets of
such Indemnifying Party, by agreement in form and substance satisfactory to CD&R, and its counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as such Indemnifying Party (which shall not be
released from its obligations). This Agreement shall be binding upon and inure to the benefit of each party hereto and its successors and permitted assigns, and each other Indemnitee, but neither this Agreement nor any right, interest or obligation
hereunder shall be assigned, whether by operation of law or otherwise, by members of the Company Group without the prior written consent of CD&R. Insofar as any Indemnitee transfers all or substantially all of its assets to a third party, such
third party shall thereupon be deemed an additional Indemnitee for all purposes of this Agreement, with the same effect as if it were a signatory to this Agreement in such capacity. 

13. Third Party Beneficiaries. This Agreement is not intended to confer any right or remedy hereunder upon any Person other than each of
the parties hereto and their respective successors and permitted assigns and each other Indemnitee (each of whom is an intended third party beneficiary of this Agreement). 

14. Amendment; Waivers, etc. No amendment, modification, supplement or discharge of this Agreement, and no waiver hereunder shall be
valid or binding unless set forth in writing and duly executed by Parent (acting on behalf of the members of the Company Group) and CD&R (acting on its own behalf and on behalf of each other Indemnitee). Neither the waiver by any of the parties
hereto or any other Indemnitee of a breach of or a default under any of the provisions of this Agreement, nor the failure by any party hereto or any other Indemnitee on one or more occasions, to enforce any of the provisions of this Agreement or to
exercise any right, powers or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature, or as a waiver of any provisions hereof, or any rights, powers or privileges hereunder. 

  
 16 

 15. Severability. If any provision or provisions of this Agreement shall be held to be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. 

[The remainder of this page left intentionally blank.] 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by their authorized
repersentatives as of the date first above written. 
  

			
	CD&R MILLENNIUM HOLDCO 1 S.À R.L.
		
	By:	 	 /s/ Laurence Goblet

		 	Name: Laurence Goblet
		 	Title:   Manager
		
	By:	 	 /s/ Laurent Ricci

		 	Name: Laurent Ricci
		 	Title:   Manager
	
	CD&R MILLENNIUM US ACQUICO LLC 
		
	By:	 	 CD&R Millennium US HoldCo LLC, its
 managing
member

		
	By:	 	 CD&R Millennium US HoldCo 7 B.V., its

managing member

		
	By:	 	  

		 	Name: Sang-Ki Brands
		 	Title:   Managing Director
		
	By:	 	  

		 	Name: Yasemin Demirtas
		 	Title:   Managing Director

 [Signature Page to Indemnification Agreement] 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by their authorized
repersentatives as of the date first above written. 
  

			
	CD&R MILLENNIUM HOLDCO 1 S.À R.L.
		
	By:	 	  

		 	Name: Theresa A. Gore
		 	Title:   Managing Director
		
	By:	 	  

		 	Name: Christian Storch
		 	Title:   Managing Director
	
	CD&R MILLENNIUM US ACQUICO LLC 
		
	By:	 	 CD&R Millennium US HoldCo LLC, its
 managing
member

		
	By:	 	 CD&R Millennium US HoldCo 7 B.V., its

managing member

		
	By:	 	 /s/ Sang-Ki Brands

		 	Name: Sang-Ki Brands
		 	Title:   Managing Director
		
	By:	 	 /s/ Yasemin Demirtas

		 	Name: Yasemin Demirtas
		 	Title:   Managing Director

 [Signature Page to the Indemnification Agreement] 

 
					
	CLAYTON, DUBILIER & RICE, LLC
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice-President, Treasurer and Assistant Secretary
	
	CLAYTON, DUBILIER & RICE FUND IX, L.P.
	
	By: CD&R Associates IX, L.P., its general partner
	By: CD&R Investment Associates IX, Ltd., its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice-President, Treasurer and Assistant Secretary
	
	CD&R ADVISOR FUND IX, L.P.
	
	By: CD&R Associates IX, L.P., its general partner
	By: CD&R Investment Associates IX, Ltd., its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice-President, Treasurer and Assistant Secretary
	
	CLAYTON, DUBILIER & RICE FUND IX-A, L.P.
	
	By: CD&R Associates IX, L.P., its general partner
	By: CD&R Investment Associates IX, Ltd., its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice-President, Treasurer and Assistant Secretary

 [Signature Page to Indemnification Agreement] 

 
					
	KAIROS VIER VERMÖGENSVERWALTUNGS-GMBH
		
	By:	 	 /s/ Frank Walenta

		 	Name:	 	Frank Walenta
		 	Title:	 	Geschäftsführer

 [Signature Page to Indemnification Agreement] 

 Exhibit A 

Accession Letter Agreement 
  

	To:	Clayton, Dubilier & Rice, LLC 

 375 Park Avenue 

New York, New York 10152 
  

	From:	[•]; and 

 [•] (together, the “Acceding Parties”) 

 

	Dated:	February     , 2013 

 Dear Sirs: 

1. We refer to an Indemnification Agreement (as the same may have been amended, waived, modified or supplemented prior to the date hereof, the
“Indemnification Agreement”), dated July 31, 2014, by and among CD&R Millennium HoldCo 1 S.à r.l., CD&R Millennium HoldCo 6 S.à r.l., CD&R Millennium US AcquiCo LLC, Kairos Vier
Vermögensverwaltungs-GmbH, Clayton, Dubilier & Rice Fund IX, L.P., CD&R Advisor Fund IX, L.P., Clayton, Dubilier & Rice Fund IX-A, L.P. and Clayton, Dubilier & Rice, LLC. 

2. Terms defined in the Indemnification Agreement shall bear the same meaning herein. 

3. Each of the Acceding Parties undertakes to perform all the obligations expressed to be undertaken under the Indemnification Agreement and agrees that is
shall be bound by the Indemnification Agreement in all respects as if it had been an original party thereto. 
 4. This Accession Letter Agreement shall be
governed by New York law. 
  

			
	[•]	 	
		
	By:	 	  

		 	Name:
		 	Title:
		
	[•]	 	
		
	By:	 	  

		 	Name:
		 	Title:EX-10.25

 Exhibit 10.25 

Mauser Group B.V. 
 and

 Mr H.P. Schäfer 
  

 
 MANAGEMENT
SERVICES 
 AGREEMENT 
  

 

 THIS MANAGEMENT SERVICES AGREEMENT (the “Agreement”) is made on
             2016 
 THE UNDERSIGNED: 

 

	(1)	MAUSER GROUP B.V., a private company incorporated under the laws of the Netherlands and having its registered office in Amsterdam, the Netherlands at Souvereinstraat 1, 4900 AE Oosterhout,
Netherlands (“Mauser”); and 

  

	(2)	Mr. Hans-Peter Schäfer, domiciled in Osprey (Florida, USA), 498 E. McEwen Drive, FL 34229 (hereinafter referred to as: the “Executive”). 

The parties to this Agreement are hereinafter collectively referred to as the “Parties” and individually as a “Party”. 

RECITALS: 
  

	(i)	The Executive is employed by Mauser Corporate GmbH, a group undertaking of Mauser, on the basis of a service contract governed by German law (the “German Service Agreement”) as well as by National
Container Group, LLC, which is also a group undertaking of Mauser, on the basis of a service contract governed by the laws of the state of Illinois, United States of America (the “US Service Agreement”). 

 

	(ii)	Mauser is the direct and indirect holding company of the different entities that are active in the manufacturing, distribution, sale and maintenance of industrial packaging solutions. 

 

	(iii)	The Executive will have three agreements with the Mauser Group. This Agreement deals with certain Dutch law matters relating to the Executive’s statutory role as Managing Director (CEO) and member of the Board of
Mauser. The existing German Service Agreement and the US Service Agreement will remain in effect. Whenever a provision in this Agreement is in conflict with the terms of the German Service Agreement and/or the US Service Agreement, the terms of the
German Service Agreement and/or the US Service Agreement will take precedence, except where the laws of the Netherlands require differently. 

  

	(iv)	The Parties have expressed their wish to enter into this Management Service Agreement (overeenkomst van opdracht), in which the Parties wish to arrange and confirm the conditions agreed between them (in addition
to the provisions of the German Service Agreement and the US Service Agreement) on which the Executive shall perform his duties. If this Agreement refers to provisions in the German Service Agreement and/or the US Service Agreement, then only these
provisions as agreed in the German Service Agreement and/or the US Service Agreement are applicable. If the German Service Agreement and/or the US Service Agreement contain(s) (a) provision(s) regarding a matter that is not regulated in this
Agreement, the provision(s) in the German Service Agreement and/or the US Service Agreement apply. 

 THE PARTIES THEREFORE AGREE AS
FOLLOWS: 
  

			
	 1.      DEFINITIONS

 
 1.1.  In this Agreement:
	  	

	 	(a)	“Mauser Group” refers to all group companies and direct and indirect subsidiaries of Mauser; 

  

	 	(b)	“Effective Date” means 1 May 2016; 

  

	 	(c)	“General Meeting of Shareholders” means the general meeting of shareholders of Mauser; 

  

	 	(d)	“German Service Agreement” has the meaning given to this term in Recital (i); 

  

	 	(e)	“US Service Agreement” has the meaning given to this term in Recital (i); 

  

	 	(f)	“Board” means the board (statutaire directie) of Mauser; 

  

	2.	DURATION AND TERMINATION OF THE AGREEMENT 

  

	2.1.	This Agreement shall be effective as from the Effective Date and shall run for an indefinite period. 

  

	2.2.	Both Parties may terminate this Agreement at any time and for any reason by giving notice in writing as per any day of a certain month, whilst observing a notice period of six months (for Mauser) or three months (for
the Executive) to the end of a calendar quarter. 

  

	2.3.	During any notice period, Mauser shall at all times be entitled to put the Executive on (paid) gardening leave until the end date of this Agreement. During this gardening leave, the Executive will remain entitled to his
Base Fee (as defined in Clause 4.1 of this Agreement). As an alternative to gardening leave during any such notice period, Mauser may at its discretion, instead of observing the applicable notice period, also decide to terminate this Agreement with
immediate effect and to pay the Executive in lieu of any payments otherwise due during the notice period pursuant to the immediately preceding sentence, a gross lump sum amount equal to the net present value of such amounts. 

 

	2.4.	Each Party shall also be entitled to terminate this Agreement with immediate effect, without any notice period and without any further payment being due, whether under this Agreement or otherwise, based on acts or
omissions of the other Party that constitute an urgent cause for termination, within the meaning of Article 7:677 of the Dutch Civil Code (applicable as if this Agreement were an employment agreement) (“Cause”). 

 

	3.	POSITION 

  

	3.1.	The Executive will have the position of Managing Director (CEO) and member of the Mauser Board (statutaire directie). 

  

	3.2.	From time to time, the Executive may also be required to perform work for other entities within the Mauser Group. The Executive is also a Board member of other companies within the Mauser Group. 

 

	3.3.	The Executive shall perform his tasks in accordance with all applicable laws, this Agreement, Mauser’s articles of association, Mauser’s core values and any management board rules as introduced or amended from
time to time, as well as general instructions of the General Meeting of Shareholders. 

  
 

 

  
 (2) 

	3.4.	The Executive will undertake the duties under this Agreement and under the German Service Agreement and the US Service Agreement on a fulltime basis (including any overtime, for which the Executive shall not be
compensated over and above the compensation provided for in this Agreement and the German Service Agreement and the US Service Agreement, as any such compensation shall be deemed to include compensation for overtime). The Executive will be fully
committed to Mauser and the Mauser Group and will use his best capacities solely for the benefit of Mauser and the Mauser Group. 

  

	4.	REMUNERATION 

  

	4.1.	The Executive’s total fixed Fee for his services provided hereunder amounts to EUR 218,355 gross per annum, including any holiday allowance (to the extent applicable) (the “Base Fee”). The Base Fee
will accrue from day to day and will be paid in twelve (12) equal monthly instalments in arrears. The Base Fee will be subject to the usual mandatory deductions (see Clause 6). The amount of the fixed annual salary is reviewed annually.

  

	4.2.	All services of the Executive for Mauser, any over-time work on Saturdays, Sundays and holidays are compensated by the fixed salary pursuant to Clause 4.1. 

 

	4.3.	For the calendar year 2016, the Executive shall be entitled to a variable bonus subject to the terms of the Mauser Bonus Program 2016 attached hereto as Annex. 

 

	4.4.	For the calendar year 2017 as well as the subsequent calendar years, the Executive will also be entitled to a variable bonus, whereby the targets will be determined by Mauser in due time and may contain company targets,
personal targets and/or any other targets as determined by Mauser in its sole discretion. 

  

	4.5.	The remuneration in this Section shall be reduced accordingly pro rata temporis if the service relationship does not exist for a full calendar year. 

 

	4.6.	The assignment and pledging of claims for remuneration is subject to the prior approval of the General Meeting of Shareholders. 

  

	5.	OTHER BENEFITS 

 Mauser will reimburse the Executive for extra costs of tax advice (in
view of the fact that he will now receive payments in three countries) up to a total amount of the EUR-equivalent of USD 10,000 including VAT. 
  

	6.	TAXES AND SOCIAL SECURITY CONTRIBUTIONS 

 All payments made to the Executive pursuant to
this Agreement shall be made after deduction of applicable withholdings required by Dutch law. 
  
 

 

  
 (3) 

	7.	HOLIDAYS 

 The Executive is entitled to paid holidays in accordance with the applicable
provisions of the German Service Agreement and the US Service Agreement. 
  

	8.	INSURANCE 

 Mauser has taken out a Directors & Officers Liability Insurance
providing customary insurance coverage for the Directors and Officers – including the Executive – of Mauser and the Mauser Group. 
  

	9.	ILLNESS   AND   DISABILITY 

 In the event of inability to perform
duties under this agreement as the result of an uninterrupted illness or sickness of the Executive, the provisions of the German Service Agreement shall apply. For the avoidance of any doubt, the Executive shall not be entitled to any further
compensation, over and above any entitlement the Executive has under the German Service Agreement and the US Service Agreement. 
  

	10.	ANCILLARY ACTIVITIES 

 During the term of this Agreement, the Executive shall not perform
any other activities for third parties (paid or unpaid), except for the activities under the German Service Agreement and the US Service Agreement or to the extent that such activities have been approved in writing by the Board. 

 

	11.	CONFIDENTIALITY 

  

	11.1.	The Executive will, both before, during and after termination of this Agreement, observe secrecy regarding: 

  

	 	(i)	all documents, correspondence, notes, drawings, calculations, electronic files, software and other records that belong to Mauser or to the Mauser Group and whose confidential nature may be assumed; 

 

	 	(ii)	all knowledge of and information about clients, suppliers or any other relations of Mauser or to the Mauser Group; 

  

	 	(iii)	all knowledge of the working methods and knowhow of Mauser or to the Mauser Group; 

  

	 	(iv)	all other facts and information which the Executive has become aware of, in relation to his activities for Mauser or the Mauser Group and whose confidential nature can reasonably be assumed; 

(hereinafter parts (i) - (iv) collectively to be referred to as the “Confidential Information”), and he will not use or
disclose this Confidential Information for any other purpose than is necessary in connection with the fulfilment of his duties. 
  

 

  
 (4) 

	11.2.	Confidential Information that the Executive has at his disposal should, insofar as this is possible, be handed over to Mauser at first request, but in any case no later than on the final working day of the Executive.

  

	12.	NON-COMPETE AND NON-SOLICITATION 

 The provisions regarding contractual prohibition of
competition and restricted activities as agreed with the Executive in the German Service Agreement and the US Service Agreement shall apply to this Agreement in line with the laws of the Netherlands. 

 

	13.	INVENTIONS AND OTHER WORK RESULTS 

  

	13.1.	The Parties agree that, worldwide, all existing and future rights and intellectual property rights (including, but not limited to: patent rights, copyrights, neighbouring rights, database rights, design rights, trade
mark rights, trade name rights and rights to know-how) in respect of all that is brought about in, or in relation to, the execution of this Agreement, regardless of whether such falls within the (assigned) duties of the Executive, are vested
exclusively in Mauser. The aforementioned shall hereinafter be referred to as the “Result(s)”, the (intellectual property) rights in respect of the Result(s) as the “Intellectual Property Rights”. 

 

	13.2.	Insofar as the Intellectual Property Rights are, by operation of law or otherwise, vested in the Executive, the Executive hereby irrevocably, unconditionally and without limitation, assigns and transfers to Mauser all
such (existing and future) Intellectual Property Rights, which assignment and transfer is hereby accepted (in advance) by Mauser. 

  

	13.3.	The Executive hereby irrevocably waives all (existing and future) moral rights as meant, inter alia, in Article 25 of the Dutch Copyright Act (Auteurswet) and Article 5 of the Neighbouring Rights Act 1993 (Wet
op de naburige rechten), and all comparable provisions worldwide that rest upon, are incorporated in or arise from the Result(s), in as far as such acts provide for such possibility (“Moral Rights”). 

 

	13.4.	The Executive shall at Mauser’s request - both during the term of this Agreement and after its termination - perform all acts that Mauser deems necessary or desirable to perfect the assignment and transfer of the
Intellectual Property Rights and/or waiver of Moral Rights, to establish and protect the Intellectual Property Rights and to enforce them in relation to third parties. 

 

	14.	DATA PROTECTION 

 The Executive approves of Mauser processing his personal data in
connection with this Agreement. This processing may include the sharing of these data with members of the Mauser Group (in or outside the Netherlands). 
  

	15.	MISCELLANEOUS 

  

	15.1.	This Agreement constitutes an assignment agreement (overeenkomst van opdracht), as referred to in sections 7:400 et seq. Dutch Civil Code and does not constitute (and the Parties do not intend to conclude) an
employment agreement (arbeidsovereenkomst). 

  
 

 

  
 (5) 

	15.2.	Amendments to this Agreement will only be valid if these amendments are agreed in writing. 

  

	15.3.	Mauser is entitled to unilaterally amend this Agreement, if Mauser has a substantial interest in such amendments that outweighs the interests of the Executive (which may be adversely affected by such amendments) in
accordance with the standards of reasonableness and fairness. 

  

	15.4.	If one or more Clauses of this Agreement or parts thereof would be invalid or not binding, the other Clauses (or parts thereof) of this Agreement shall continue to be effective. If necessary, the Parties will amend this
Agreement so that the invalid or void clauses will be replaced with valid clauses which are as similar as possible to the current Clauses. Such amended Clauses will differ from the original Clause to the least extent possible. 

 

	15.5.	This Agreement and the agreements and documents referred to in it constitute the entire agreement and supersede and replace all prior negotiations, agreements, arrangements or understandings (whether implied or
expressed, orally or in writing) relating to its subject matter, all of which are hereby treated as terminated by mutual consent. 

  

	16.	APPLICABLE LAW AND DISPUTES 

  

	16.1.	This Agreement shall be governed by the laws of the Netherlands. 

  

	16.2.	Any dispute connected to or arising out of this Agreement, shall be settled exclusively by the competent court in the Netherlands. 

THUS AGREED AND SIGNED IN DUPLICATE
ON                     : 
  

					
	MAUSER GROUP B.V.	  		  	The Executive
			
	 /s/ Hans-Peter Schäfer

SIGNATURE:
	  		  	 /s/ Hans-Peter Schäfer

SIGNATURE:

			
	Name: Hans-Peter Schäfer	  		  	Name: Hans-Peter Schäfer
	Title: Executive Board Member	  		  	

  
 (6) 

 ANNEX 

Mauser Bonus Program 2016 

  
 (7)

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