0000950123-09-033474 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • August 11th, 2009 • Titanium Asset Management Corp • Investment advice • Delaware

THIS AGREEMENT is made and entered into this 1st day of July, 2009 by and between TITANIUM ASSET MANAGEMENT CORP., a Delaware corporation (the “Corporation”), and Shy Talmon (“Agent”).

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July 1, 2009 Norm Sidler National Investment Services, Inc. 737 North Michigan Avenue, Suite 15200 Chicago, IL 60611-6653
Titanium Asset Management Corp • August 11th, 2009 • Investment advice • Delaware

Attalus Capital, L.P. (the “Manager”) has been pleased to work with National Investment Services, Inc. (“NIS”) during these past several years and we look forward to continuing our excellent relationship with NIS for many years to come. The purpose of this letter is to agree that the Amended and Restated Investment Sub-Advisory Agreement dated as of December 1, 2006 by and between the Manager and NIS (“Sub-Advisory Agreement”) will govern and supercede all past joint business and past agreements (amended, restated and/or otherwise) between the two parties, including all additional subscriptions made by such past joint business and that this document will govern all new joint business commencing on and after the date of this letter agreement (“Agreement”).

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