SEC Contract Filing

Filing Date: 2020-09-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>16
<FILENAME>ea126655ex10-12_cohnrobbins.htm
<DESCRIPTION>INDEMNITY AGREEMENT, DATED SEPTEMBER 8, 2020, BETWEEN THE COMPANY AND ANNE SHEEHAN
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.12</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEMNITY AGREEMENT</B></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>THIS INDEMNITY AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;)
is made as of September 8, 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>Cohn Robbins Holdings Corp.</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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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Anne Sheehan (&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>Highly competent persons have become more reluctant to serve publicly-held companies 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 companies;</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">(B)</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 companies 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 companies 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 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">(C)</TD><TD>The uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons;</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(D)</TD><TD>The Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best
interests of the Company&rsquo;s shareholders and that the Company should act to assure such perso