Exhibit 10.1
 
 
INDEMNIFICATION AGREEMENT
 
This Indemnification Agreement is dated as of ___________, 20__ (this
“Agreement”) and is between Access Integrated Technologies, Inc. d/b/a Cinedigm
Digital Cinema Corp., a Delaware corporation (the “Company”), and [____________]
(“Indemnitee”).
 
WHEREAS, Indemnitee is a director of the Company and may also serve as a
director, consultant, fiduciary or agent (collectively, the “Indemnifiable
Positions”) of other corporations, limited liability companies, partnerships,
joint ventures, trusts, employee benefit plans or other enterprises controlled
by the Company (collectively, the “Controlled Entities”);
 
WHEREAS, in order to induce Indemnitee to continue to serve as a director of the
Company and/or in other Indemnifiable Positions of the Controlled Entities, the
Company wishes to provide for the indemnification of, and the advancement of
Expenses (as defined herein) to, Indemnitee to the maximum extent permitted by
law;
 
WHEREAS, the Fourth Amended and Restated Certificate of Incorporation of the
Company (as amended, restated or otherwise modified from time to time, the
“Charter”) provides for the indemnification of the Company’s directors and
officers to the fullest extent permitted by law;
 
WHEREAS, the By-Laws of the Company (as amended, restated or otherwise modified
from time to time, the “Bylaws”) provide certain indemnification rights to the
Company’s directors and officers; and
 
WHEREAS, the Company and Indemnitee desire to enter into this Agreement to set
forth their agreement regarding indemnification and the advancement of Expenses
and to clarify the priority of the indemnification and advancement of Expenses
with respect to certain Jointly Indemnifiable Claims (as defined herein).
 
NOW, THEREFORE, in consideration of Indemnitee’s service or continued service to
the Company and/or the Controlled Entities and the covenants and agreements set
forth below, and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows.
 
Section 1.  Indemnification.
 
To the fullest extent permitted by the Delaware General Corporation Law (the
“DGCL”):
 
(a)           The Company shall indemnify Indemnitee if Indemnitee was or is
made or is threatened to be made a party to, or is otherwise involved in, as a
witness or otherwise, any threatened, pending or completed Action, Suit or
Proceeding (brought in the right of the Company or otherwise), whether civil,
criminal, administrative or investigative and whether formal or informal,
including appeals.
 
 
 

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(b)           The indemnification provided by this Section 1 shall be from and
against all loss and liability suffered and Expenses (including attorneys’
fees), Judgments, Fines and Amounts Paid in Settlement actually and reasonably
incurred by or on behalf of Indemnitee in connection with such Action, Suit or
Proceeding, including any appeals.
 
Section 2.  Payment of Expenses.  To the fullest extent permitted by the DGCL,
Expenses (including attorneys’ fees) incurred by Indemnitee in appearing at,
participating in or defending any Action, Suit or Proceeding or in connection
with an enforcement action as contemplated by Section 3(d), shall be paid by the
Company in advance of the final disposition of such Action, Suit or Proceeding
or such enforcement action within 15 days after receipt by the Company of a
statement or statements from Indemnitee requesting such advance or advances from
time to time.  The Indemnitee hereby undertakes to repay any amounts advanced
(without interest) to the extent that it is ultimately determined that
Indemnitee is not entitled under this Agreement to be indemnified by the Company
in respect of such Action, Suit or Proceeding or such enforcement action as
contemplated by Section 3(d).  No other form of undertaking shall be required of
Indemnitee other than the execution of this Agreement.  This Section 2 shall be
subject to Section 3(b) and shall not apply to any claim made by Indemnitee for
which indemnity is excluded pursuant to Section 6(a).
 
Section 3.  Procedure for Indemnification; Notification and Defense of Claim.
 
(a)           Promptly after receipt by Indemnitee of notice of the commencement
of any Action, Suit or Proceeding, Indemnitee shall, if a claim in respect
thereof is to be made or could be made against the Company hereunder, notify the
Company in writing of the commencement thereof.  The failure to promptly notify
the Company of the commencement of the Action, Suit or Proceeding, or of
Indemnitee’s request for indemnification, will not relieve the Company from any
liability that it may have to Indemnitee hereunder, except to the extent the
Company is actually and materially prejudiced (through the forfeiture of
substantive rights or defenses) in its defense of such Action, Suit or
Proceeding as a result of such failure.  To obtain indemnification under this
Agreement, Indemnitee shall submit to the Company a written request therefor
including such documentation and information as is reasonably available to
Indemnitee and is reasonably necessary to enable the Company to determine
whether and to what extent Indemnitee is entitled to indemnification.  In
addition, Indemnitee shall reasonably cooperate with the Company and shall give
the Company such additional information as the Company may reasonably require.
 
(b)           With respect to any Action, Suit or Proceeding of which the
Company is so notified as provided in this Agreement, the Company shall, subject
to the last two sentences of this paragraph and subject to the Company’s prior
determination pursuant to Section 3(c) to grant Indemnitee’s indemnification
request with respect to such Action, Suit or Proceeding, be entitled to assume
the defense of such Action, Suit or Proceeding, with counsel reasonably
acceptable to Indemnitee (which acceptance shall not be unreasonably withheld or
delayed), upon the delivery to Indemnitee of written notice of its election to
do so.  After delivery of such notice, approval of such counsel by Indemnitee
and the retention of such counsel by the Company, the Company will not be liable
to Indemnitee under this Agreement for any subsequently-incurred fees of
separate counsel engaged by or on behalf of Indemnitee with respect to the same
Action, Suit or Proceeding unless (i) the employment of separate counsel by
Indemnitee has been previously
 
 
 
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authorized in writing by the Company or (ii) the Company does not continue to
retain such counsel to defend such Action, Suit or Proceeding.  Notwithstanding
the foregoing, if Indemnitee, based on the advice of his or her counsel, shall
have reasonably concluded (with written notice being given to the Company
setting forth the basis for such conclusion) that, in the conduct of any such
defense, there is or is reasonably likely to be a conflict of interest or
position between the Company and Indemnitee with respect to a significant issue,
then the Company will not be entitled, without the written consent of
Indemnitee, to assume such defense.  In addition, the Company will not be
entitled, without the written consent of Indemnitee, to assume the defense of
any claim brought by or in the right of the Company.
 
(c)           The determination whether to grant Indemnitee’s indemnification
request shall be made promptly and in any event within 30 days following the
Company’s receipt of a request for indemnification in accordance with Section
3(a).  If the Company determines that Indemnitee is entitled to such
indemnification, the Company will make payment to Indemnitee of the
indemnifiable amount within such 30 day period.  If the Company’s determination
of whether to grant Indemnitee’s indemnification request shall not have been
made within such 30 day period, the requisite determination of entitlement to
indemnification shall, subject to Section 6, nonetheless be deemed to have been
made and Indemnitee shall be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee’s statement not materially misleading, in
connection with the request for indemnification, or (ii) a prohibition of such
indemnification under the DGCL.
 
(d)           In the event that (i) the Company determines in accordance with
this Section 3 that Indemnitee is not entitled to indemnification under this
Agreement, (ii) the Company denies a request for indemnification, in whole or in
part, or fails to respond or make a determination of entitlement to
indemnification within 30 days following receipt of a request for
indemnification as described above, (iii) payment of indemnification is not made
within such 30 day period, (iv) advancement of Expenses is not timely made in
accordance with Section 2, or (v) the Company or any other person takes or
threatens to take any action to declare this Agreement void or unenforceable, or
institutes any litigation or other action or proceeding designed to deny, or to
recover from, the Indemnitee the benefits provided or intended to be provided to
Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in any
court of competent jurisdiction of his or her entitlement to such
indemnification or advancement of Expenses.  To the extent not already advanced
pursuant to Section 2, Indemnitee’s Expenses (including attorneys’ fees)
incurred in connection with successfully establishing Indemnitee’s right to
indemnification or advancement of Expenses, in whole or in part, in any such
proceeding or otherwise shall also be indemnified by the Company; provided that
to the extent Indemnitee is successful in part and unsuccessful in part in
establishing Indemnitee’s right to indemnification or advancement of Expenses
hereunder, Indemnitee shall be entitled to partial indemnification of Expenses
in accordance with Section 20.
 
(e)           Indemnitee shall be presumed to be entitled to indemnification and
advancement of Expenses under this Agreement upon submission of a request
therefor in accordance with Section 2 or Section 3 of this Agreement, as the
case may be.  The Company shall have the burden of proof in overcoming such
presumption, and such presumption shall be used as a basis for a determination
of entitlement to indemnification and advancement of
 
 
 
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Expenses unless the Company overcomes such presumption by clear and convincing
evidence.  Neither the failure of the Company to have made a determination prior
to the commencement of any action pursuant to this Agreement that
indemnification is proper in the circumstances because Indemnitee has met the
applicable standard of conduct, nor an actual determination by the Company that
Indemnitee has not met such applicable standard of conduct, shall be a defense
to the action or create a presumption that Indemnitee has not met the applicable
standard of conduct.  For purposes of this Agreement, the termination of any
Action, Suit or Proceeding by judgment, order, settlement (whether with or
without court approval) or conviction, or upon a plea of nolo contendere, or its
equivalent, shall not create a presumption that Indemnitee did not meet any
particular standard of conduct or have a particular belief or that a court has
determined that indemnification is not permitted under this Agreement or
applicable law.
 
Section 4.  Insurance and Subrogation.
 
(a)           To the extent the Company maintains a policy or policies of
insurance providing directors’ and officers’ liability insurance, Indemnitee
shall be covered by such policy or policies, in accordance with its or their
terms, to the maximum extent of the coverage provided to any other director or
officer of the Company.  If, at the time the Company receives from Indemnitee
any notice of the commencement of an Action, Suit or Proceeding, the Company has
such insurance in effect that would reasonably be expected to cover such Action,
Suit or Proceeding, then the Company shall give prompt notice of the
commencement of such Action, Suit or Proceeding to the insurers in accordance
with the procedures set forth in such policy or policies.  The Company shall
thereafter take all necessary or reasonably desirable action to cause such
insurers to pay, on behalf of Indemnitee, all amounts payable as a result of
such Action, Suit or Proceeding in accordance with the terms of such policy or
policies.
 
(b)           Subject to Section 9(b), in the event of any payment by the
Company under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee with respect to any
insurance policy.  Indemnitee shall execute all papers required and take all
action necessary to secure such rights, including execution of such documents as
are necessary to enable the Company to effectively bring suit to enforce such
rights in accordance with the terms of such insurance policy.  The Company shall
pay or reimburse all Expenses actually and reasonably incurred by Indemnitee in
connection with such subrogation.
 
(c)           Subject to Section 9(b), the Company shall not be liable under
this Agreement to make any payment of amounts otherwise indemnifiable hereunder
(including, but not limited to, Judgments, Fines and Amounts Paid in Settlement,
and ERISA excise taxes or penalties) if and to the extent that Indemnitee has
otherwise actually received such payment under this Agreement or any insurance
policy, contract, agreement or otherwise.
 
Section 5.  Certain Definitions.  For purposes of this Agreement, the following
definitions shall apply:
 
(a)           The term “Action, Suit or Proceeding” shall be broadly construed
and shall include, without limitation, the investigation, preparation,
prosecution, defense, settlement, arbitration and appeal of, and the giving of
testimony in, any threatened, pending or completed
 
 
 
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claim, action, suit, arbitration, investigation, inquiry, alternative dispute
mechanism or proceeding, whether civil (including intentional and unintentional
tort claims), criminal, administrative or investigative, in each case, by reason
of the service of Indemnitee as a director of the Company and/or in other
Indemnifiable Positions of the Controlled Entities, or by reason of any action
alleged to have been taken or omitted in any such capacity.
 
(b)           The term “Expenses” shall be broadly construed and shall include,
without limitation, all direct and indirect costs of any type or nature
whatsoever (including, without limitation, all attorneys’ fees and related
disbursements, appeal bonds, other out-of-pocket costs and reasonable
compensation for time spent by Indemnitee for which Indemnitee is not otherwise
compensated by the Company or any third party), in each case, actually and
reasonably incurred by or on behalf of Indemnitee in connection with either the
investigation, defense or appeal of an Action, Suit or Proceeding or
establishing or enforcing a right to indemnification under this Agreement or
otherwise incurred in connection with a claim that is indemnifiable hereunder.
 
(c)           The term “Judgments, Fines and Amounts Paid in Settlement” shall
be broadly construed and shall include, without limitation, all direct and
indirect payments of any type or nature whatsoever, as well as any penalties or
excise taxes assessed on a person with respect to an employee benefit plan.
 
Section 6.  Limitation on Indemnification.  Notwithstanding any other provision
herein to the contrary, the Company shall not be obligated pursuant to this
Agreement:
 
(a)           Claims Initiated by Indemnitee.  To indemnify or advance Expenses
to Indemnitee with respect to any threatened, pending or completed claim,
action, suit, arbitration, investigation, inquiry, alternative dispute mechanism
or proceeding, whether civil (including intentional and unintentional tort
claims), criminal, administrative or investigative, however denominated,
initiated or brought voluntarily by Indemnitee, whether by way of defense,
counterclaim, cross claim or otherwise, other than (i) an action brought to
establish or enforce a right to indemnification or advancement of Expenses under
this Agreement (which shall be governed by the provisions of Section 6(b) of
this Agreement), (ii) a claim, action, suit, arbitration, investigation,
inquiry, alternative dispute mechanism or proceeding that was authorized or
consented to by the Board of Directors of the Company, it being understood and
agreed that such authorization or consent shall not be unreasonably withheld in
connection with any compulsory counterclaim brought by Indemnitee in response to
an Action, Suit or Proceeding otherwise indemnifiable under this Agreement or
(iii) as otherwise required under the DGCL.
 
(b)           Action for Indemnification.  To indemnify Indemnitee for any
Expenses incurred by Indemnitee with respect to an action instituted by
Indemnitee to enforce or interpret this Agreement if Indemnitee is not
successful in such enforcement action in establishing Indemnitee’s right, in
whole or in part, to indemnification or advancement of Expenses hereunder;
provided that to the extent Indemnitee is successful in part and unsuccessful in
part in establishing Indemnitee’s right to indemnification or advancement of
Expenses hereunder, Indemnitee shall be entitled to partial indemnification of
Expenses in accordance with Section 20.
 
 
 
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(c)           Section 16(b) Matters.  To indemnify Indemnitee on account of any
Action, Suit or Proceeding in which judgment is rendered against Indemnitee for
disgorgement of profits made from the purchase or sale by Indemnitee of
securities of the Company pursuant to the provisions of Section 16(b) of the
Securities Exchange Act of 1934, as amended; provided, however, that
notwithstanding any limitation set forth in this Section 6(c) regarding the
Company’s obligation to provide indemnification, Indemnitee shall be entitled
under Section 2 hereof to advancement of Expenses in connection with any such
Action, Suit or Proceeding unless and until Indemnitee has been determined by a
final (not interlocutory) judgment or other adjudication of a court or
arbitration or administrative body of competent jurisdiction as to which there
is no further right or option of appeal or the time within which an appeal must
be filed has expired without such filing to have violated said statute, in which
case Indemnitee hereby undertakes to repay any such amounts advanced (without
interest).
 
(d)           Fraud or Willful Misconduct.  To indemnify Indemnitee on account
of conduct by Indemnitee where such conduct has been determined by a final (not
interlocutory) judgment or other adjudication of a court or arbitration or
administrative body of competent jurisdiction as to which there is no further
right or option of appeal or the time within which an appeal must be filed has
expired without such filing to have been knowingly fraudulent or constitute
willful misconduct.
 
(e)           Prohibited by Law.  To indemnify Indemnitee in any circumstance
where such indemnification has been determined to be prohibited by law by a
final (not interlocutory) judgment or other adjudication of a court or
arbitration or administrative body of competent jurisdiction as to which there
is no further right or option of appeal or the time within which an appeal must
be filed has expired without such filing.
 
(f)           Unauthorized Settlement.  To indemnify Indemnitee for any amounts
paid in settlement of any Action, Suit or Proceeding without the Company’s prior
written consent.  The Company will not unreasonably withhold or delay its
consent to any proposed settlement.
 
Section 7.  Certain Settlement Provisions.  The Company shall be permitted to
settle any Action, Suit or Proceeding, except that it shall not settle any
Action, Suit or Proceeding in any manner that would impose any penalty (unless
the only penalty imposed is a monetary amount that will be paid in full by the
Company (or its insurers)) or limitations or constitute any admission of
wrongdoing or which may compromise, or may adversely affect, the defense of the
Indemnitee in any other Action, Suit or Proceeding, whether civil or criminal,
without Indemnitee’s prior written consent.  Indemnitee will not unreasonably
withhold or delay his or, her consent to any proposed settlement.
 
Section 8.  Savings Clause.  If any provision or provisions (or portion thereof)
of this Agreement shall be invalidated on any ground by any court of competent
jurisdiction, then the Company shall nevertheless indemnify Indemnitee if
Indemnitee was or is made or is threatened to be made a party or is otherwise
involved in any threatened, pending or completed Action, Suit or Proceeding
(brought in the right of the Company or otherwise), whether civil, criminal,
administrative or investigative and whether formal or informal, including
appeals, from and against all loss and liability suffered and Expenses
(including attorneys’ fees), Judgments, Fines and Amounts Paid in Settlement
actually and reasonably incurred by or on behalf of Indemnitee
 
 
 
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in connection with such Action, Suit or Proceeding, including any appeals, to
the fullest extent permitted by any applicable portion of this Agreement that
shall not have been invalidated.
 
Section 9.  Contribution; Jointly Indemnifiable Claims.
 
(a)           In order to provide for just and equitable contribution in
circumstances in which the indemnification provided for herein is held by a
court of competent jurisdiction to be unavailable to Indemnitee in whole or in
part, it is agreed that, in such event, the Company shall, to the fullest extent
permitted by law, contribute to the payment of all of Indemnitee’s loss and
liability suffered and Expenses (including attorneys’ fees), Judgments, Fines
and Amounts Paid in Settlement actually and reasonably incurred by or on behalf
of Indemnitee in connection with any Action, Suit or Proceeding, including any
appeals, in an amount that is just and equitable in the circumstances; provided,
that, without limiting the generality of the foregoing, such contribution shall
not be required where such holding by the court is due to any limitation on
indemnification set forth in Section 4(c), Section 6 or Section 7 hereof.
 
(b)           Given that certain Jointly Indemnifiable Claims by reason of the
service of Indemnitee as a director of the Company and/or in other Indemnifiable
Positions of the Controlled Entities, or by reason of any action alleged to have
been taken or omitted in any such capacity, the Company acknowledges and agrees
that the Company shall, and to the extent applicable shall cause the Controlled
Entities to, be fully and primarily responsible for the payment to the
Indemnitee in respect of indemnification or advancement of Expenses in
connection with any such Jointly Indemnifiable Claim, pursuant to and in
accordance with (as applicable) the terms of (i) the DGCL, (ii) the Charter,
(iii) the Bylaws, (iv) this Agreement, (v) any other agreement between the
Company or any Controlled Entity and the Indemnitee pursuant to which the
Indemnitee is indemnified, (vi) the laws of the jurisdiction of incorporation or
organization of any Controlled Entity and/or (vii) the certificate of
incorporation, certificate of organization, bylaws, partnership agreement,
operating agreement, certificate of formation, certificate of limited
partnership or other organizational or governing documents of any Controlled
Entity ((i) through (vii) collectively, the “Indemnification Sources”),
irrespective of any right of recovery the Indemnitee may have from the
Indemnitee-Related Entities.  Under no circumstance shall the Company or any
Controlled Entity be entitled to any right of subrogation or contribution by the
Indemnitee-Related Entities and no right of advancement or recovery the
Indemnitee may have from the Indemnitee-Related Entities shall reduce or
otherwise alter the rights of the Indemnitee or the obligations of the Company
or any Controlled Entity under the Indemnification Sources.  In the event that
any of the Indemnitee-Related Entities shall make any payment to the Indemnitee
in respect of indemnification or advancement of Expenses with respect to any
Jointly Indemnifiable Claim, (i) the Company shall, and, to the extent
applicable, shall cause the Controlled Entities to, reimburse the
Indemnitee-Related Entity making such payment to the extent of such payment
promptly upon written demand from such Indemnitee-Related Entity, (ii) to the
extent not previously and fully reimbursed by the Company and/or any Controlled
Entity pursuant to clause (i), the Indemnitee-Related Entity making such payment
shall be subrogated to the extent of the outstanding balance of such payment to
all of the rights of recovery of the Indemnitee against the Company and/or any
Controlled Entity, as applicable, and (iii) Indemnitee shall execute all papers
reasonably required and shall do all things that may be reasonably necessary to
secure such rights, including the execution of such documents as may be
necessary to enable the Indemnitee-Related Entities effectively to bring suit to
enforce such
 
 
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rights.  The Company and Indemnitee agree that each of the Indemnitee-Related
Entities shall be third-party beneficiaries with respect to this Section 9(b),
entitled to enforce this Section 9(b) as though each such Indemnitee-Related
Entity were a party to this Agreement.  The Company shall cause each of the
Controlled Entities to perform the terms and obligations of this Section 9(b) as
though each such Controlled Entity was a party to this Agreement.  For purposes
of this Section 9(b), the following terms shall have the following meanings:
 
(i)           The term “Indemnitee-Related Entities” means any corporation,
limited liability company, partnership, joint venture, trust, employee benefit
plan or other enterprise (other than the Company, any Controlled Entity or the
insurer under and pursuant to an insurance policy of the Company or any
Controlled Entity) from whom an Indemnitee may be entitled to indemnification or
advancement of Expenses with respect to which, in whole or in part, the Company
or any Controlled Entity may also have an indemnification or advancement
obligation.
 
(ii)           The term “Jointly Indemnifiable Claims” shall be broadly
construed and shall include, without limitation, any Action, Suit or Proceeding
for which the Indemnitee shall be entitled to indemnification or advancement of
Expenses from both (i) the Company and/or any Controlled Entity pursuant to the
Indemnification Sources, on the one hand, and (ii) any Indemnitee-Related Entity
pursuant to any other agreement between any Indemnitee-Related Entity and the
Indemnitee pursuant to which the Indemnitee is indemnified, the laws of the
jurisdiction of incorporation or organization of any Indemnitee-Related Entity
and/or the certificate of incorporation, certificate of organization, bylaws,
partnership agreement, operating agreement, certificate of formation,
certificate of limited partnership or other organizational or governing
documents of any Indemnitee-Related Entity, on the other hand.
 
Section 10.  Form and Delivery of Communications.  All notices, requests,
demands and other communications under this Agreement shall be in writing and
shall be deemed to have been duly given if (a) delivered by hand, upon receipt
by the party to whom said notice or other communication shall have been
directed, (b) mailed by certified or registered mail with postage prepaid, on
the third business day after the date on which it is so mailed, (c) mailed by
reputable overnight courier, one day after deposit with such courier and with
written verification of receipt or (d) sent by email or facsimile transmission,
with receipt of oral confirmation that such transmission has been
received.  Addresses for notice to either party are shown on the signature page
of this Agreement, or as subsequently modified by written notice.
 
Section 11.  Nonexclusivity.  The provisions for indemnification and advancement
of Expenses set forth in this Agreement shall not be deemed exclusive of any
other rights which Indemnitee may have under any provision of law, in any court
in which a proceeding is brought, other agreements or otherwise, and
Indemnitee’s rights hereunder shall inure to the benefit of the heirs, executors
and administrators of Indemnitee.  No amendment or alteration of the Fourth
Amended and Restated Certificate of Incorporation of the Company or the By-Laws
of the Company as of the date hereof or any other agreement shall adversely
affect the rights provided to Indemnitee under this Agreement.
 
 
 
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Section 12.  No Construction as Employment Agreement; Duration of
Agreement.  Nothing contained herein shall be construed as giving Indemnitee any
right to be retained as a director of the Company or in other Indemnifiable
Positions of the Controlled Entities or in the employ of the Company or any of
the Controlled Entities.  For the avoidance of doubt, the indemnification and
advancement of Expenses provided under this Agreement shall continue as to the
Indemnitee even though he may have ceased to be a director of the Company and/or
in other Indemnifiable Positions of the Controlled Entities.
 
Section 13.  Interpretation of Agreement.  It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to Indemnitee to the fullest extent now or hereafter permitted
by the DGCL, notwithstanding that such indemnification may not be specifically
authorized by the Charter or the Bylaws, or by statute as of the date
hereof.  In the event of any change after the date of this Agreement in any
applicable law, statute or rule which expands the right of a Delaware
corporation to indemnify a member of its board of directors or an officer,
employee, consultant, fiduciary or agent, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits afforded by
such change.  In the event of any change in any applicable law, statute or rule
which narrows the right of a Delaware corporation to indemnify a member of its
board of directors or an officer, employee, consultant, fiduciary or agent, such
change, to the extent not otherwise required by such law, statute or rule to be
applied to this Agreement, shall have no effect on this Agreement or the
parties’ rights and obligations hereunder.
 
Section 14.  Entire Agreement.  Without limiting any of the rights of Indemnitee
under the Charter or the Bylaws, this Agreement and the documents expressly
referred to herein constitute the entire agreement between the parties hereto
with respect to the matters covered hereby, and any other prior or
contemporaneous oral or written understandings or agreements with respect to the
matters covered hereby are expressly superseded by this Agreement.
 
Section 15.  Modification and Waiver.  No supplement, modification, waiver or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto.  No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing
waiver.  For the avoidance of doubt, this Agreement may not be terminated by the
Company without Indemnitee’s prior written consent.
 
Section 16.  Successor and Assigns.  All of the terms and provisions of this
Agreement shall be binding upon, shall inure to the benefit of and shall be
enforceable by the parties hereto and their respective successors, assigns,
spouses, heirs, executors, administrators and legal representatives.  The
Company shall require and cause any direct or indirect successor (whether by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business or assets of the Company, by written agreement in form and substance
reasonably satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would
be required to perform if no such succession had taken place.
 
Section 17.  Governing Law.  This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware.  If a court of competent
jurisdiction shall
 
 
 
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make a final determination that the provisions of the law of any state other
than Delaware govern indemnification by the Company of Indemnitee, then the
indemnification provided under this Agreement shall in all instances be
enforceable to the fullest extent permitted under such law, notwithstanding any
provision of this Agreement to the contrary.
 
Section 18.  Service of Process and Venue.  The Company and Indemnitee hereby
irrevocably and unconditionally (i) agree that any action or proceeding arising
out of or in connection with this Agreement shall be brought only in the
Chancery Court of the State of Delaware (the “Delaware Court”), and not in any
other state or federal court in the United States of America or any court in any
other country, (ii) consent to submit to the exclusive jurisdiction of the
Delaware Court for purposes of any action or proceeding arising out of or in
connection with this Agreement, (iii) waive any objection to the laying of venue
of any such action or proceeding in the Delaware Court, and (iv) waive, and
agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court has been brought in an improper or inconvenient
forum.
 
Section 19.  Injunctive Relief.  The parties hereto agree that each party hereto
may enforce this Agreement by seeking specific performance hereof, without any
necessity of showing irreparable harm or posting a bond, which requirements are
hereby waived, and that by seeking specific performance, Indemnitee shall not be
precluded from seeking or obtaining any other relief to which he or she may be
entitled.
 
Section 20.  Partial Indemnification.  If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of loss and liability suffered and Expenses (including attorneys’ fees),
Judgments, Fines and Amounts Paid in Settlement actually and reasonably incurred
by or on behalf of Indemnitee in connection with an Action, Suit or Proceeding,
including any appeals, but not, however, for the total amount thereof, the
Company shall nevertheless indemnify Indemnitee for the portion of such amounts
otherwise payable hereunder.
 
Section 21.  Mutual Acknowledgement.  Both the Company and Indemnitee
acknowledge that in certain instances, federal law or applicable public policy
may prohibit the Company from indemnifying its directors, officers, employees,
consultants, fiduciaries or agents under this Agreement or
otherwise.  Indemnitee understands and acknowledges that the Company may be
required to submit the question of indemnification to a court in certain
circumstances for a determination of the Company’s right, under public policy,
to indemnify Indemnitee.
 
Section 22.  Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument, notwithstanding that
both parties are not signatories to the original or same counterpart.
 
Section 23.  Headings.  The section and subsection headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.
 
 
 
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[Signature Page Follows]
 
 
 
 
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This Indemnification Agreement has been duly executed and delivered to be
effective as of the date stated above.
 

   
ACCESS INTEGRATED TECHNOLOGIES, INC.
d/b/a CINEDIGM DIGITAL CINEMA CORP.
 
   
By: 
       
Name:
     
Title:
           
Address:
             
Attention:
     
Facsimile:
             
INDEMNITEE
 
                 
Address:
             
Attention:
     
Facsimile:
 

 
[Signature Page to Indemnification Agreement]