SEC Contract Filing

Filing Date: 2020-11-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>9
<FILENAME>f10q0920ex10-13_reinventtech.htm
<DESCRIPTION>INDEMNITY AGREEMENT, DATED AUGUST 28, 2020, BETWEEN THE COMPANY AND SHERRY COUTU
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.13</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>INDEMNITY AGREEMENT</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THIS INDEMNITY AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;)
is made as of August 28, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Between:</B></P>

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<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">(1)</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Reinvent TECHNOLOGY PARTNERS</B></FONT><B>,</B>
an exempted company incorporated under the laws of the Cayman Islands with registered office at PO Box 309, Ugland House, Grand
Cayman, KY1-1104, Cayman Islands (the &ldquo;<B>Company</B>&rdquo;); and</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Sherry Coutu (&ldquo;<B>Indemnitee</B>&rdquo;).</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Whereas:</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(A)</TD><TD>The Company is contemplating an initial public offering;</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(B)</TD><TD>Highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other
capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks
of claims and actions against them arising out of their service to and activities on behalf of such corporations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(C)</TD><TD>The board of directors of the Company (the &ldquo;<B>Board</B>&rdquo;) has determined that, in order to attract and retain
qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect
persons serving the Company and any of its subsidiaries from certain liabilities. Although the furnishing of such insurance has
been a customary and widespread practice among publicly traded corporations and other business enterprises, the Company believes
that, given current market conditions and trends, such insurance may be available to it in the future only at higher premiums and
with more exclusions. At the same time, directors, officers and other persons in service to corporations or business enterprises
are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally
would have been brought only against the Company or business enterprise itself. The amended and restated memorandum and articles
of association of the Company (the &ldquo;<B>Articles</B>&rdquo;) provide for the indemnification of the officers and directors
of the Company. The Articles 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 members of the board of directors, officers and other persons
with respect to indemnification, hold harmless, exoneration, advancement and reimbursement rights;</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(D)</TD><TD>The uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Tim