Indemnification Agreement - MSMB and Retrophin Inc.
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MSMB CAPITAL MANAGEMENT, LP (“MSMB Capital LP”), a Delaware limited partnership, MSMB CAPITAL MANAGEMENT LLC (“MSMB Capital LLC”), a Delaware limited liability company, MSMB HEALTHCARE LP (“MSMB Healthcare”), a Delaware limited partnership, MSMB HEALTHCARE INVESTORS LLC (“MSMB Investors”), a Delaware limited liability company, MSMB HEALTHCARE MANAGEMENT LLC (“MSMB Management” and, together with MSMB Capital LP, MSMB Capital LLC, MSMB Healthcare and MSMB Investors, the “MSMB Entities”), a Delaware limited liability company shall jointly and severally indemnify, defend and hold harmless Retrophin, Inc. (“Retrophin”) and its directors, officers, employees, representatives, agents and affiliates (collectively, the “Indemnified Parties”) from and against any and all direct or indirect liabilities, obligations, deficiencies, demands, charges, orders, claims, suits, actions, causes of action, proceedings, judgments, assessments, decrees, fines, settlement payments, losses, liabilities, damages, deficiencies, costs or expenses (including, without limitation, interest, penalties and reasonable auditors’ and attorneys’ fees and disbursements) suffered, sustained or incurred by any Indemnified Party in connection with, arising from or relating to the Settlement and Release Agreement, dated as of [_________], by and between [_________], Martin Shkreli, the MSMB Entities and Retrophin due to the management of the MSMB Entities and its or their investments in Retrophin.
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This letter agreement may not be modified, changed, amended, terminated or assigned except by an instrument in writing signed by the parties hereto.
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3.
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This letter agreement shall be governed by and construed in accordance with the laws of the state of New York, without regard to any conflict of laws provisions thereof.
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4.
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This letter agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which when taken together shall constitute one agreement. Delivery of an executed counterpart of this letter agreement by facsimile or PDF will be effective as delivery of a manually executed counterpart of this letter agreement.
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MSMB CAPITAL MANAGEMENT LLC
By:____________________________
Name: Martin Shkreli
Title: Managing Member
MSMB CAPITAL MANAGEMENT LP
By: MSMB Capital Management LLC, its general partner
By:____________________________
Name: Martin Shkreli
Title: Managing Member
MSMB HEALTHCARE LP
By: MSMB Healthcare Investors LLC, its general partner
By:____________________________
Name: Martin Shkreli
Title: Managing Member
MSMB HEALTHCARE INVESTORS LLC
By:____________________________
Name: Martin Shkreli
Title: Managing Member
MSMB HEALTHCARE MANAGEMENT LLC
By:____________________________
Name: Martin Shkreli
Title: Managing Member
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