Termination of Services and Indemnification Agreement服务终止与补偿协议

-10-TerminationofServicesandIndemnificationAgreement服务终止与补偿协议核心提示：ThisTerminationofServicesandIndemnificationAgreementismadebyandbetweenAAACorporation(theCompany)and_________(Collins-Rector)andChadShackley(togetherwithCollins-Rector,Founders).WHEREAS,FounderswishtosellcertainoftheiThisTerminationofServicesandIndemnificationAgreementismadebyandbetweenAAACorporation(theCompany)and_________(Collins-Rector)andChadShackley(togetherwithCollins-Rector,Founders).WHEREAS,FounderswishtosellcertainoftheirsharesofClassACommonStockoftheCompanytocertaininvestors;WHEREAS,suchinvestorshaverequestedthattheCompanymakecertainrepresentationsandwarrantiesinthestockpurchaseagreementrelatingtoFounder’ssaleofClassACommonStockoftheCompany;WHEREAS,theCompanywishesFounderstoenterintomarketstandoffagreementswithrespecttoallsecuritiesoftheCompanyheldbyFounders;WHEREAS,theCompanywishesFounderstoassisttheCompanyinobtainingmarketstandoffagreementsfromallotherholdersoftheCompany’ssecurities;NOWTHEREFORE,inconsiderationofthemutualpromisesmadeherein,theCompanyandFoundersherebyagreeasfollows:1.TheCompanyagreestomaketherepresentationsandwarrantiessetforthintheStockPurchaseAgreementsdatedasof_________,_________,_________(M,D,Y)amongFounders,theCompanyandthepurchasersofsharesofClassACommonStockoftheCompanysetforthoneachStockPurchaseAgreement.2.Founderswilldefend,indemnifyandholdharmlesstheCompanyfromandagainstanyloss,damage,settlementorexpense(includingattorney’sfees)incurredbytheCompanyandarisingfromorrelatedtoanybreachbytheCompanyofitsrepresentationsandwarrantiesintheStockPurchaseAgreements;providedthatFoundersshallnotbeliableinanysuchcasetotheextentthatsuchbreacharisesoutoftheCompany’sgrossnegligence,recklessnessorintentionalact.3.FoundersherebyresignfromalltheirpositionsasemployeesoftheCompanyandCollins-RectorherebyresignsfromhispositionasamemberoftheCompany’sBoardofDirectorsasofthedateofthisAgreement.TheCompanyshallhavenoobligationtopayanyseveranceorothercompensationtoFounders.4.TheCompanyandCollins-RectorherebyagreethatthevacancyontheCompany’sBoardofDirectorscausedbyCollins-Rector’sresignationwillbefilledbyanomineedesignatedbyBBBL.P.andreasonablyacceptabletotheothermembersoftheCompany’sBoardofDirectors,whichappointmentwillbemadepriortoaninitialpublicofferingoftheCompany’ssecurities.5.ImmediatelypriortoaninitialpublicofferingoftheequitysecuritiesoftheCompany,FounderswillenterintoamarketstandoffagreementsubstantiallyintheformattachedheretoasExhibitA(theMarketStandoffAgreement)withrespecttoallsecuritiesoftheCompanyownedasofthedateoftheMarketStandoffAgreementoracquiredthereafter.6.FounderswillusetheirbesteffortstocauseallholdersofsecuritiesoftheCompanytoenterintoamarketstandoffagreementinformandsubstancesimilartotheMarketStandoffAgreement.7.FoundersshalldiligentlyandinatimelyfashionassisttheCompanyinpreparingthenecessaryregistrationstatementandrelateddisclosuredocumentation,inconnectionwithaninitialpublicofferingoftheCompany’ssharesofCommonStock(theIPO),andinclearingsuchregistrationstatementwiththeSecuritiesandExchangeCommissionandapplicablestatesecuritiescommissionsandshallprovidesuchotherservicesandassistanceinconnectionwiththeIPOastheCompanyshallreasonablyrequest.8.Foundersshallrefrainfromtakingoromittingtotakeanyactionormakingoromittingtomakeanystatementsthatwouldprevent,delayorinterferewiththeIPO.9.FoundersshallmaintaintheconfidentialityofallconfidentialandproprietaryinformationoftheCompany.FoundersshallreturnallCompanypropertyandconfidentialandproprietaryinformationintheirpossessionwithinfivebusinessdaysfromthedatehereof.10.TheCompanyherebyagreesthatitshallhavefiledaregistrationstatementonFormS-8coveringsuchnumberofsharesofCommonStockoftheCompanyunderlyingoptionsheldbyFoundersandRandyMaslowasareeligibleforregistrationonaFormS-8andthattheCompanyshalluseitsbesteffortstohavesuchregistrationstatementdeclaredeffectivepriortotheterminationoftheMarketStandoffAgreement.11.TheCompanyagreestoamendtheOptionAgreementgrantingCollins-Rectortheoptiontopurchase_________sharesofCommonStock(theOptions)datedasof_________,_________,_________(M,D,Y)betweentheCompanyandCollins-RectortoallowforthenetexerciseoftheOptions.OnthedatetheCompanyisabletoregistersecuritiesonFormS-3,upontherequestofCollins-Rector,theCompanyagreestopromptlyfileashelfregistrationonFormS-3(theShelfRegistration)relatingtothesharesofCommonStockoftheCompanyunderlyingtheOptions(i)whichcannotbesoldpursuanttoRule701orarenotthesubjectofaneffectiveFormS-8registrationstatementor(ii)whichcannotbesoldwithinfourmonthsfromsuchdateunderRule144(oranysuccessorprovision)undertheSecuritiesActof1933,asamended.IntheeventtheCompanyisrequiredtofileorfilestheShelfRegistrationpursuanttothepriorsentence,iftheBoardofDirectorsoftheCompany,initsgoodfaithjudgment,determinesatanytimethatthefilingoftheShelfRegistrationorthesaleofsecuritiespursuanttotheShelfRegistrationshouldnotbemadeorcontinuedbecauseitwouldmateriallyinterferewithanymaterialfinancing,acquisition,corporatereorganizationormergerorothertransactioninvolvingtheCompanyoranyofitssubsidiaries(aValidBusinessReason),theCompanymaypostponethefilingoftheShelfRegistrationorthesaleofanysecuritiespursuanttotheShelfRegistration,andCollins-RectorshallnotsellanysecuritiespursuanttotheShelfRegistration,untilsuchValidBusinessReasonnolongerexists,butinnoeventformorethansixmonths;andtheCompanyshallgivewrittennoticeofitsdeterminationtosopostponeandofthefactthattheValidBusinessReasonforsuchpostponementnolongerexists,ineachcase,promptlyaftertheoccurrencethereof.12.TheCompanyagreestoamendtheOptionAgreementgrantingChadShackleytheoptiontopurchase_________sharesofCommonStock(theOptions)datedasof_________,_________,_________(M,D,Y)betweentheCompanyandChadShackleytoallowforthenetexerciseoftheOptions.OnthedatetheCompanyisabletoregistersecuritiesonFormS-3;upontherequestofChadShackley,theCompanyagreestopromptlyfileashelfregistrationonFormS-3(theShackleyShelfRegistration)relatingtothesharesofCommonStockoftheCompanyunderlyingtheOptions(i)whichcannotbesoldpursuanttoRule701orarenotthesubjectofaneffectiveFormS-8registrationstatementor(ii)whichcannotbesoldwithinfourmonthsfromsuchdateunderRule144(oranysuccessorprovision)undertheSecuritiesActof1933,asamended.IntheeventtheCompanyisrequiredtofileorfilesaShackleyShelfRegistrationpursuanttothepriorsentence,iftheBoardofDirectorsoftheCompany,initsgoodfaithjudgment,determinesatanytimethatthefilingoftheShackleyShelfRegistrationorthesaleofsecuritiespursuanttotheShackleyShelfRegistrationshouldnotbemadeorcontinuedbecauseitwouldmateriallyinterferewithanyValidBusinessReason,theCompanymaypostponethefilingoftheShackleyShelfRegistrationorthesaleofanysecuritiespursuanttotheShackleyShelfRegistration,andChadShackleyshallnotsellanysecuritiespursuanttotheShackleyShelfRegistration,untilsuchValidBusinessReasonnolongerexists,butinnoeventformorethansixmonths;andtheCompanysha