SEC Contract Filing

Filing Date: 2019-07-29

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>13
<FILENAME>d755988dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEMNIFICATION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Indemnification Agreement (&#147;Agreement&#148;) is made as of July 29, 2019, by and between Sunnova Energy International Inc., a
Delaware corporation (the &#147;Company&#148;) and Walter A. Baker (&#147;Indemnitee&#148; and, together with the Company, the &#147;Parties&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
managers, directors, officers and other persons in service to corporations and other business enterprises are subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought
only against the Company or the business enterprise itself; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, highly competent persons have become more reluctant to serve as
managers, directors, officers or in other capacities unless they are provided with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and
activities on behalf of the business enterprise; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Board of Directors of the Company (the &#147;Board&#148;) has determined
that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company and its shareholders, and that the Company should act to assure such persons that there will be increased certainty of such
protection in the future; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Bylaws of the Company (as they may be amended, the &#147;Bylaws&#148;) expressly require that the
Company indemnify its directors and officers, and empowers the Company to indemnify its employees and agents, as authorized by the Delaware General Corporation Law, as amended (the &#147;DGCL&#148;), under which the Company is organized and such
Bylaws expressly provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and directors, officers and other persons with respect to
indemnification; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, this Agreement is a supplement to and in furtherance of the protections provided in applicable law, the Bylaws
and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, (i)&nbsp;Indemnitee does not regard the protection available under the Bylaws, the Company&#146;s other governing documents, and
available insurance as adequate in the present circumstances, (ii)&nbsp;the Company has determined that Indemnitee may not be willing to serve or continue to serve as a director, manager, officer, employee, fiduciary or agent of the Company or its
Affiliates without adequate protection, (iii)&nbsp;the Company desires and has requested Indemnitee to serve or continue to serve as a director, manager, officer, employee, fiduciary or agent of the Company or its Affiliates , as the case may be,
and has proffered this Agreement to Indemnitee as additional inducement to serve in such capacity, and (iv)&nbsp;Indemnitee is willing to serve, or continue to serve, as a director, manager, officer, employee, fiduciary or agent of the Company or
its Affiliates, as the case may be, on the condition that he or she be furnished the indemnity provided for herein by the Company. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Parties do hereby covenant and agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) As used in this Agreement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Affiliate&#148; of any specified Person shall mean any other Person directly or indirectly controlling, controlled by or
under common control with such specified Person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4