EXHIBIT 10.1
 
INDEMNIFICATION AGREEMENT
 
INDEMNIFICATION AGREEMENT (this "Agreement") dated as of  March 1, 2012 between
Entertainment Art, Inc., a Nevada corporation (the "Company"), and Jeff Lamson
(the “Indemnitee”).
 
WHEREAS, in recognition of the Indemnitee's need for protection against personal
liability in order to induce the Indemnitee to continue serving the Company in
an effective manner, and particularly since the Company's does not maintain
directors' and officers' liability insurance coverage, and in part to provide
the Indemnitee with specific contractual assurance that indemnification will be
available to the Indemnitee, the Company wishes to provide the Indemnitee with
the benefits contemplated by this Agreement;
 
NOW, THEREFORE, the parties hereto hereby agree as follows:
 
Section 1.                Definitions and Usage.  As used herein:
 
1.1.           Definitions.
 
"Claim" shall mean any threatened, pending or completed action, suit,
arbitration or proceeding, or any inquiry or investigation, whether brought
against, by or in the right of the Company or any of its subsidiaries, or
otherwise, that the Indemnitee in good faith believe might lead to the
institution of any such action, suit, arbitration or proceeding, whether civil,
criminal, administrative, investigative or other, or any appeal therefrom.
 
"D&O Insurance" shall mean a directors' and officers' liability insurance policy
maintained by the Company for the benefit of the Indemnitee, if any.
 
"Determination" shall mean a determination, and "Determined" shall mean a matter
which has been determined based on the facts known at the time, by (i) a written
legal opinion rendered by independent legal counsel at the request of a majority
vote of a quorum of disinterested directors, (ii) a majority of the
disinterested stockholders of the Company, or (iii) a final adjudication by a
court of competent jurisdiction.
 
 
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“Excluded Claim” shall mean any payment for Losses or Expenses in connection
with any Claim in connection with a cause of action in which a final
non-appealable judgment or other final adjudication adverse to the Indemnitee
has established:
 
(i)           (x) that the Indemnitee's acts were committed in bad faith or were
the result of active and deliberate dishonesty and were material to the cause of
action so adjudicated, or (y) that the Indemnitee gained in fact any financial
profit or other advantage to which the Indemnitee was not legally entitled;
 
(ii)          that the Indemnitee in fact made profits from the purchase or sale
of securities of the Company within the meaning of Section 16 of the Securities
Exchange Act of 1934 or similar provisions of any state; or
 
(iii)         that payment by the Company under this Agreement is not permitted
by applicable law.
 
"Expenses" shall mean any and all expenses incurred by the Indemnitee as a
result of a Claim or Claims made against the Indemnitee for Indemnifiable Events
including attorneys’ fees and disbursements and all other costs, expenses and
obligations paid or incurred in connection with investigating, defending, being
a witness in or participating in (including on appeal), or preparing to defend,
be a witness in or participate in, or cooperating with the Company in its
efforts to investigate or defend, any Claim relating to any Indemnifiable Event.
 
"Fines" shall mean any fine, penalty or, with respect to an employee benefit
plan, any excise tax or penalty assessed with respect thereto.
 
"Indemnifiable Event" shall mean any event or occurrence, occurring prior to or
after the date of this Agreement, related to the fact that the Indemnitee is,
was or has agreed to serve as, a director, officer, agent or fiduciary of the
Company or its subsidiary, or is or was serving at the request of the Company or
its subsidiary as a director, officer, trustee, manager, agent or fiduciary of
another corporation, partnership, limited liability company, joint venture,
employee benefit plan, trust or other enterprise which is directly or indirectly
controlled by, or a subsidiary of, the Company or any of its subsidiaries, or in
which the Company or any of its subsidiaries is a party, or which has been
established or created by the Company or any of its subsidiaries, in each case
directly or indirectly, or by reason of anything done or not done by the
Indemnitee, including any breach of duty, neglect, error, misstatement,
misleading statement, omission, or other act done or wrongfully attempted by the
Indemnitee, or any of the foregoing alleged by any claimant, in any such
capacity.
 
"Losses" shall mean any amounts or sums which the Indemnitee is legally
obligated to pay as a result of a Claim or Claims made against the Indemnitee
for Indemnifiable Events, including damages, judgments and sums or amounts paid
in settlement of a Claim or Claims, and Fines.
 
 
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"Person" shall mean any individual, corporation, partnership, joint venture,
business trust, joint stock company, limited liability company, trust,
unincorporated association, governmental authority or other agency or political
subdivision thereof.
 
1.2.           Usage.
 
(i)              References to a Person are also references to its assigns and
successors in interest (by means of merger, consolidation or sale of all or
substantially all the assets of such Person or otherwise).
 
(ii)             References to a document are to it as amended, waived and
otherwise modified from time to time and references to a statute or other
governmental rule are to it as amended and otherwise modified from time to time
(and references to any provision thereof shall include references to any
successor provision), unless the context otherwise requires.
 
(iii)            References to Sections are to sections hereof, unless the
context otherwise requires.
 
(iv)            The definitions set forth herein are equally applicable both to
the singular and plural forms and the feminine, masculine and neuter forms of
the terms defined.
 
(v)             The term "including" and correlative terms shall be deemed to be
followed by "without limitation" whether or not followed by such words or words
of like import.
 
(vi)            The term "hereof" and similar terms refer to this Agreement as a
whole.
 
Section 2.                Indemnification.  In consideration of, and as an
inducement to, the Indemnitee's rendering valuable services to the Company, the
Company agrees that if the Indemnitee is or become a party to or witness or
other participant in, or is threatened to be made a party to or witness or other
participant in, a Claim by reason of (or arising in part out of) an
Indemnifiable Event, the Company shall indemnify the Indemnitee to the fullest
extent authorized by applicable law or, if not expressly authorized by
applicable law, to the extent not prohibited by applicable law, against any and
all Losses and Expenses (including all interest, assessments and other charges
paid or payable in connection with or in respect of such Losses and Expenses) of
such Claim, whether or not such Claim proceeds to judgment or is settled or
otherwise is brought to a final disposition, subject in each case to the further
provisions of this Agreement.
 
 
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Section 3.                Limitations on  Indemnification.  Notwithstanding
Section 2, the Indemnitee shall not be indemnified from any Losses or Expenses
(i) which have been Determined to constitute an Excluded Claim or (ii) to the
extent that the Indemnitee is indemnified by the Company and has actually
received payment pursuant to D&O Insurance or otherwise.
 
Section 4.                Partial Indemnification.  If the Indemnitee is
entitled under this Agreement to indemnification by the Company for some
portion, but less than all, of the Losses and Expenses of a Claim, the Company
shall indemnify the Indemnitee for such portion as to which the Indemnitee is so
entitled.  Notwithstanding any other provision of this Agreement, to the extent
that the Indemnitee has been successful on the merits or otherwise in defense of
any or all Claims relating in whole or in part to any Indemnifiable Event or in
defense of any issue or matter therein, including dismissal without prejudice,
the Indemnitee shall be indemnified against all Losses and Expenses incurred in
connection with such Indemnifiable Event.
 
Section 5.                Indemnification Procedures.
 
5.1.           Promptly after receipt by the Indemnitee of notice of any Claim,
the Indemnitee shall, if indemnification with respect thereto may be sought from
the Company under this Agreement, notify the Company of the commencement
thereof; provided, however, that the failure to give such notice promptly shall
not affect or limit the Company's obligations with respect to the matters
described in the notice of such Claim.
 
5.2.           At the time of the receipt of a notice pursuant to Section 5.1,
the Company shall, if necessary pursuant to the terms of the D&O Insurance, give
prompt notice of the commencement of a Claim described in such notice to the
insurer under the applicable D&O Insurance then in effect in accordance with the
procedures set forth in any such policy.  The Company shall thereafter take all
necessary or desirable action to cause such insurer to pay on behalf of the
Indemnitee all Losses and Expenses payable as a result of such Claim.
 
5.3.           (i)            To the extent the Company does not have D&O
Insurance at the time of the Claim or, if the D&O Insurance then in effect does
not require the insurer thereunder to advance Expenses arising out of the
relevant Claim or if any Expenses arising out of such Claim will not be payable
under such D&O Insurance, in each case on a timely basis, the Company shall pay
the Expenses in connection with any Claim in advance of the final disposition
thereof and the Company, if appropriate, shall be entitled to assume the defense
of such Claim, with counsel satisfactory to the Indemnitee, upon the delivery to
the Indemnitee of written notice of the Company's election to do so.
 
 
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(ii)             After delivery of a notice pursuant to Section 5.1(i), the
Company shall nevertheless remain liable to the Indemnitee under this Agreement
for any legal or other Expenses incurred by the Indemnitee in connection with
such defense, including without limitation, in the event that the Indemnitee
shall have elected to employ independent counsel selected by the Indemnitee in
such Claim, whose fees and expenses of such counsel shall also be at the
Company's expense.
 
(iii)            TheIndemnitee shall cooperate with the Company in its efforts
to investigate and defend any Claim made against the Indemnitee for an
Indemnifiable Event.
 
5.4.           All payments on account of the Company's indemnification
obligations under this Agreement shall be made within 10 days following the date
of the Indemnitee's written request therefor unless a Determination is made that
the Claims giving rise to the Indemnitee's request are Excluded Claims.
 
5.5.           The Indemnitee hereby expressly undertakes and agrees to
reimburse the Company for all Losses and Expenses paid by the Company to the
Indemnitee in connection with any Claim against the Indemnitee in the event and
only to the extent that a Determination shall have been made by a court of
competent jurisdiction in a decision from which there is no further right to
appeal that the Indemnitee is not entitled to be indemnified by the Company for
such Losses and Expenses because the Claim is an Excluded Claim.
 
5.6.           In connection with any Determination as to whether the Indemnitee
is entitled to advancement of Expenses, indemnification or contribution
hereunder, the burden of proof shall be on the Company to establish that the
Indemnitee is not so entitled.
 
Section 6.                Settlement.  The Company shall have no obligation
under this Agreement to indemnify the Indemnitee for any amounts paid in
settlement of any Claim effected without the Company's prior written
consent.  The Company shall not settle any Claim in which it takes the position
that the Indemnitee is not entitled to indemnification in connection with such
settlement without the prior written consent of the Indemnitee, nor shall the
Company settle any Claim in any manner which would impose any Fine or any
obligation on the Indemnitee, without the Indemnitee's prior written
consent.  Neither the Company nor the Indemnitee shall unreasonably withhold
such consent to any proposed settlement; provided, however, that the Indemnitee
shall not be obligated to consent to any proposed settlement unless in
connection with such settlement the Indemnitee shall be fully released from all
liability with respect to the relevant Claim, or, if the Indemnitee shall have
any liability with respect to such Claim, the Indemnitee shall be fully
indemnified hereunder from all Losses resulting from such Claim and/or shall
receive payment in the amount of such Losses pursuant to D&O Insurance.
 
 
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Section 7.                No Presumption.  The termination of any Claim by
judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolocontendere, or its equivalent, shall not of
itself create a presumption that the Indemnitee did not meet any particular
standard of conduct or have any particular belief that a court has determined
that indemnification is not permitted by applicable law.
 
Section 8.                Non-exclusivity: Continuing and Expanded
Coverage.  The rights of the Indemnitee hereunder shall be in addition to any
other rights that the Indemnitee may have under any applicable law, any vote of
disinterested directors, D&O Insurance, any employment agreement or other
contractual arrangement or otherwise, both as to action in the Indemnitee's
official capacity and as to action in any other capacity by holding such office,
and shall continue after the Indemnitee ceases to serve the Company or its
subsidiary as a director, officer, agent or fiduciary, for so long as the
Indemnitee shall be subject to any Claim by reason of (or arising in part out
of) an Indemnifiable Event.
 
Section 9.                Liability Insurance.  The Company shall use its best
efforts to obtain and maintain a directors' and officers' liability insurance
policy providing coverage for the Company's directors and officers in an amount
which is agreeable to a majority of the Company's directors.   The Indemnitee
shall be covered by any such policy in accordance with its terms to the maximum
extent of the coverage available for any director or officer of the Company.
 
Section 10.              Subrogation.  If the Company makes any payment pursuant
to this Agreement, the Company shall be subrogated to the extent of such payment
to all rights of recovery of the Indemnitee, who shall execute all papers
required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the Company
effectively to bring suit to enforce such rights; provided, however, that no
such right of subrogation shall be exercised while the Company is in default of
its obligations hereunder.
 
Section 11.              Contribution.  If the indemnification or reimbursement
provided for hereunder is finally judicially determined by a court of competent
jurisdiction to be unavailable to the Indemnitee in respect of any Losses or
Expenses of a Claim (other than for any reason specified in Section 3), the
Company agrees, to the extent permitted by applicable law, in lieu of
indemnifying the Indemnitee, to contribute to the amount paid or payable by the
Indemnitee as a result of such Losses or Expenses in such proportion as is
appropriate to reflect the relative benefits accruing to the Company and the
Indemnitee with respect to the events giving rise to such Losses or
Expenses.  If, however, the allocation provided by the immediately preceding
sentence is not permitted by applicable law, the Company agrees to contribute to
the amount paid or payable by the Indemnitee as a result of such Losses or
Expenses in such proportion as is appropriate to reflect not only such relative
benefits but also the relative fault of the Company and of the Indemnitee with
respect to the events giving rise to such Losses or Expenses.   For purposes of
this Section 11, the relative benefits accruing to the Company shall be deemed
to be the benefits accruing to it and to all its directors, officers, employees
and agents (other than the Indemnitee), as a group and treated as one Person.
 
 
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Section 12.              Liability of the Company.  The Indemnitee agrees that
neither the stockholders nor the directors nor any officer, employee,
representative or agent of the Company shall be personally liable for the
satisfaction of the Company's obligations under this Agreement and that the
Indemnitee shall look solely to the assets of the Company for satisfaction of
any claims hereunder.
 
Section 13.              Enforcement.
 
13.1.         The Indemnitee's right to indemnification and other rights under
this Agreement shall be specifically enforceable by the Indemnitee
notwithstanding any adverse Determination by the Company's Board of Directors,
independent legal counsel or the Company's shareholders, and no such
Determination shall create a presumption that the Indemnitee is not entitled to
be indemnified hereunder.  In any such action the Company shall have the burden
of proving that advancement of expenses, indemnification or contribution or any
other right is not required under this Agreement.
 
13.2.         If any action is instituted by the Indemnitee under this Agreement
or to enforce or interpret any of the terms of this Agreement, the Indemnitee
shall be entitled to be paid all court costs and reasonable expenses, including
counsel fees and disbursements, incurred by the Indemnitee with respect to such
action, unless the relevant court determines that each of the material
assertions made by the Indemnitee as a basis for such action was not made in
good faith or was frivolous.
 
Section 14.              Severability.  If any provision of this Agreement is
determined by a court to require the Company to do or to fail to do an act which
is in violation of applicable law, such provision (including any provision
within a single section, paragraph or sentence) shall be limited or modified in
its application to the minimum extent necessary to avoid a violation of law,
and, as so limited or modified, such provision and the balance of this Agreement
shall be enforceable in accordance with their terms to the fullest extent
permitted by law, unless the result thereof would be unreasonable, in which case
the parties hereto shall negotiate in good faith as to appropriate amendments
hereto.
 
Section 15.              Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Nevada applicable to
agreements made and to be performed entirely within such state.
 
 
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Section 16.              Consent to Jurisdiction.  The Company and the
Indemnitee each hereby irrevocably consents to the jurisdiction of the courts of
the State of New York for all purposes in connection with any action or
proceeding which arises out of or relates to this Agreement and agrees that any
action instituted under this Agreement shall be brought only in the state and
Federal courts of the State of New York.
 
Section 17.              Notices.  All notices given pursuant to this Agreement
shall be in writing and shall be made by hand-delivery, first-class mail
(registered or certified, return receipt requested), or overnight air courier
guaranteeing next business day delivery to the relevant address specified below
or to such other address as the parties shall have given notice of pursuant to
this Section 17.  Except as otherwise provided in this Agreement, the date of
each such notice shall be deemed to be, and the date on which each such notice
shall be deemed given shall be: at the time delivered, if personally delivered
or mailed; and the next business day after timely delivery to the courier, if
sent by overnight air courier guaranteeing next business day delivery.
 
If to the Company, to:
 
Entertainment Art, Inc.
2679 Aberdeen Lane
El Dorado Hills, CA  95762
 
If to the Indemnitee, to:
 
Jeff Lamson
2679 Aberdeen Lane
El Dorado Hills, CA  95762
 
in either case, with a copy to:
 
Jim Schneider, Esq.
2200 Corporate Blvd., N.W., Suite 210
Boca Raton, FL   33431-7307
 
 
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Section 18.              Counterparts.  This Agreement may be executed by
facsimile or other electronic signature and in any number of counterparts, each
of which shall be an original and all of which shall together constitute one and
the same instrument.  All signatures need not be on the same counterpart.
 
Section 19.              Successors and Assigns.  This Agreement shall be
binding upon all successors and assigns of the Company, including any direct or
indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all the business, assets or/and majority control of the Company,
and (ii) binding upon and inure to the benefit of any successors and assigns,
heirs, and personal or legal representatives of the Indemnitee.
 
Section 20.              Amendment: Waiver.  No amendment, modification,
termination or cancellation of this Agreement shall be effective unless made in
a writing signed by each 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.
 
Section 21.              Further Assurances.  The Company shall execute all such
further instruments and documents and take all such further action as the
Indemnitee may reasonably require in order to effectuate the terms and purposes
of this Agreement.
 
IN WITNESS WHEREOF, the Company and the Indemnitee have executed this Agreement
as of the day and year first above written.
 

  ENTERTAINMENT ART, INC.            
By:
/s/ Tyrone Lamb       Name: Tyrone Lamb       Title: Secretary                  
    /s/ Jeff Lamson       Jeff Lamson  

 
 
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