Exhibit 10.2


 





INDEMNIFICATION
AGREEMENT


 


This Indemnification Agreement (“Agreement”),
dated as of March 26, 2018, is by and between NAKED BRAND GROUP INC., a Nevada corporation (the “Company”)
and JULIE DALEY (the “Indemnitee”).


 


WHEREAS:


 



A.                
The Indemnitee is or will be appointed as an officer of the Company;


 



B.                 
Both the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors
and officers of public companies;


 



C.                
The board of directors of the Company (the “Board”) has determined that enhancing the ability of the
Company to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that
the Company therefore should seek to assure such persons that indemnification and insurance coverage is available; and


 



D.                
In recognition of the need to provide the Indemnitee with substantial protection against personal liability, in order to
procure the Indemnitee’s service and continued service as an officer of the Company and to enhance the Indemnitee’s
ability to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights
(intended to be enforceable irrespective of, among other things, any amendment to the Company’s certificate of incorporation
or bylaws (collectively, the “Constituent Documents”), any change in the composition of the Board or any change
in control or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the
indemnification of, and the advancement of Expenses (as defined in Section 1(f) below) to, Indemnitee as set forth in this Agreement
and to the extent insurance is maintained for the continued coverage of Indemnitee under the Company’s directors’ and
officers’ liability insurance policies.


 



NOW, THEREFORE, in consideration of the
foregoing and the Indemnitee’s agreement to continue to provide services to the Company, the parties agree as follows:


 



		1.	Definitions. For purposes of this Agreement, the following terms shall have the following
meanings:



 



		(a)	“Beneficial Owner” has the meaning given to the term “beneficial owner”
in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).



 



		(b)	“Change in Control” means the occurrence after the date of this Agreement of
any of the following events:



 



		(i)	any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company
representing 20% or more of the Company’s then outstanding Voting Securities unless the change in relative Beneficial Ownership
of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of
securities entitled to vote generally in the election of directors;



 






    	 	 	 



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		(ii)	the consummation of a reorganization, merger or consolidation, unless immediately following such
reorganization, merger or consolidation, all of the Beneficial Owners of the Voting Securities of the Company immediately prior
to such transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the outstanding Voting
Securities of the entity resulting from such transaction;



 



		(iii)	during any period of two consecutive years, not including any period prior to the execution of
this Agreement, individuals who at the beginning of such period constituted the Board (including for this purpose any new directors
whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination
for election was previously so approved) cease for any reason to constitute at least a majority of the Board; or



 



		(iv)	the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company
or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets.



 



		(c)	“Claim” means:



 



		(i)	any threatened, pending or completed action, suit, proceeding or alternative dispute resolution
mechanism, whether civil, criminal, administrative, arbitrative, investigative or other, and whether made pursuant to federal,
state or other law; or



 



		(ii)	any inquiry, hearing or investigation that the Indemnitee determines might lead to the institution
of any such action, suit, proceeding or alternative dispute resolution mechanism.



 



		(d)	“Court” shall have the meaning ascribed to it in Section 9(e) below.



 



		(e)	“Disinterested Director” means a director of the Company who is not and was
not a party to the Claim in respect of which indemnification is sought by Indemnitee.



 



		(f)	“Expenses” means any and all expenses, including reasonable attorneys’
and experts’ fees, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges,
and all other costs and expenses incurred in connection with investigating, defending, being a witness in or participating in (including
on appeal), or preparing to defend, be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred
in connection with any appeal resulting from any Claim, including without limitation the premium, security for, and other costs
relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 5 only, Expenses
incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement,
by litigation or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments
or fines against Indemnitee.



 






    	 	 	 



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		(g)	“Expense Advance” means any payment of Expenses advanced to Indemnitee by the
Company pursuant to Section 4 or Section 5 hereof.



 



		(h)	“Indemnifiable Event” means any event or occurrence, whether occurring before,
on or after the date of this Agreement, related to the fact that Indemnitee is or was a director, officer, employee or agent of
the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee,
member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other
entity or enterprise (collectively with the Company, “Enterprise”) or by reason of an action or inaction by
Indemnitee in any such capacity (whether or not serving in such capacity at the time any Loss is incurred for which indemnification
can be provided under this Agreement).



 



		(i)	“Independent Counsel” means a law firm, or a member of a law firm, that is experienced
in matters of corporation law and neither presently performs, nor in the past two (2) years has performed, services for either:
(i) the Company or Indemnitee (other than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees
under similar agreements) or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in an action to
determine the Indemnitee’s rights under this Agreement.



 



		(j)	“Losses” means any and all Expenses, damages, losses, liabilities, judgments,
fines, penalties (whether civil, criminal or other), ERISA excise taxes, amounts paid or payable in settlement, including any interest,
assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under
this Agreement and all other charges paid or payable in connection with investigating, defending, being a witness in or participating
in (including on appeal), or preparing to defend, be a witness or participate in, any Claim.



 



		(k)	“Person” means any individual, corporation, firm, partnership, joint venture,
limited liability company, estate, trust, business association, organization, governmental entity or other entity and includes
the meaning set forth in Sections 13(d) and 14(d) of the Exchange Act.



 






    	 	 	 



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		(l)	“Standard of Conduct Determination” shall have the meaning ascribed to it in
Section 9(b) below.



 



		(m)	“Voting Securities” means any securities of the Company that vote generally
in the election of directors.



 



		2.	Services to the Company. The Indemnitee agrees to serve and continue to serve as an officer
of the Company for so long as the Indemnitee is duly appointed or until the Indemnitee tenders her resignation or is no longer
serving in such capacity. This Agreement shall not be deemed an employment agreement between the Company (or any of its subsidiaries
or Enterprise) and the Indemnitee. The Indemnitee specifically acknowledges that her employment with or service to the Company
or any of its subsidiaries or Enterprise, as applicable, is at will and the Indemnitee may be discharged at any time for any reason,
with or without cause, except as may be otherwise provided in any written employment agreement between the Indemnitee and the Company
(or any of its subsidiaries or Enterprise), other applicable formal severance policies duly adopted by the Board or, with respect
to service as an officer of the Company, by the Company’s Constituent Documents or Nevada law. This Agreement shall continue
in force after the Indemnitee has ceased to serve as an officer of the Company or, at the request of the Company, of any of its
subsidiaries or Enterprise, as provided in Section 12 hereof.



 



		3.	Indemnification. Subject to Section 9 and Section 10 of this Agreement, the Company shall
indemnify the Indemnitee, to the fullest extent permitted by the laws of the State of Nevada in effect on the date hereof, or as
such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all
Losses if the Indemnitee was or is or becomes a party to or participant in, or is threatened to be made a party to or participant
in, any Claim by reason of or arising in part out of an Indemnifiable Event, including, without limitation, Claims brought by or
in the right of the Company, Claims brought by third parties, and Claims in which the Indemnitee is solely a witness.



 



		4.	Advancement of Expenses. The Indemnitee shall have the right to advancement by the Company,
prior to the final disposition of any Claim by final adjudication to which there are no further rights of appeal, of any and all
Expenses actually and reasonably paid or incurred by the Indemnitee in connection with any Claim arising out of an Indemnifiable
Event. The Indemnitee’s right to such advancement is not subject to the satisfaction of any standard of conduct. Without
limiting the generality or effect of the foregoing, within 60 days after any request by the Indemnitee, the Company shall, in accordance
with such request, (a) pay such Expenses on behalf of the Indemnitee, (b) advance to the Indemnitee funds in an amount sufficient
to pay such Expenses, or (c) reimburse the Indemnitee for such Expenses. In connection with any request for Expense Advances,
the Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would
undermine or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, the Indemnitee
shall execute and deliver to the Company an undertaking (which shall be accepted without reference to the Indemnitee’s ability
to repay the Expense Advances) to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the extent
that it is ultimately determined, following the final disposition of such Claim, that the Indemnitee is not entitled to indemnification
hereunder. The Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall
be charged thereon.



 






    	 	 	 



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		5.	Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under
applicable law, the Company shall also indemnify against, and, if requested by the Indemnitee, shall advance to the Indemnitee
subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by the Indemnitee in connection
with any action or proceeding by the Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the
Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter
in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’
liability insurance policies maintained by the Company. However, in the event that the Indemnitee is ultimately determined not
to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section
5 shall be repaid. The Indemnitee shall be required to reimburse the Company in the event that a final judicial determination is
made that such action brought by the Indemnitee was frivolous or not made in good faith.



 



		6.	Partial Indemnity. If the Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for
the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee
is entitled.



 



		7.	Notification and Defense of Claims.



 



		(a)	Notification of Claims. The Indemnitee shall notify the Company in writing as soon as practicable
of any Claim which could relate to an Indemnifiable Event or for which the Indemnitee could seek Expense Advances, including a
brief description (based upon information then available to the Indemnitee) of the nature of, and the facts underlying, such Claim.
The failure by the Indemnitee to timely notify the Company hereunder shall not relieve the Company from any liability hereunder
unless the Company’s ability to participate in the defense of such claim was materially and adversely affected by such failure/except
that the Company shall not be liable to indemnify the Indemnitee under this Agreement with respect to any judicial award in a Claim
related to an Indemnifiable Event if the Company was not given a reasonable and timely opportunity to participate at its expense
in the defense of such action. If at the time of the receipt of such notice, the Company has directors’ and officers’
liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the Company
shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable policies.
The Company shall provide to the Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all subsequent
correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently with the delivery
or receipt thereof by the Company.



 






    	 	 	 



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		(b)	Defense of Claims. The Company shall be entitled to participate in the defense of any Claim
relating to an Indemnifiable Event at its own expense and, except as otherwise provided below, to the extent the Company so wishes,
it may assume the defense thereof with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the
Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to the Indemnitee under this
Agreement or otherwise for any Expenses subsequently directly incurred by the Indemnitee in connection with the Indemnitee’s
defense of such Claim other than reasonable costs of investigation or as otherwise provided below. The Indemnitee shall have the
right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company
of its assumption of the defense shall be at the Indemnitee’s own expense; provided, however, that if (i) the Indemnitee’s
employment of its own legal counsel has been authorized by the Company, (ii) the Indemnitee has reasonably determined that there
may be a conflict of interest between the Indemnitee and the Company in the defense of such Claim, (iii) after a Change in Control,
the Indemnitee’s employment of its own counsel has been approved by the Independent Counsel or (iv) the Company shall not
in fact have employed counsel to assume the defense of such Claim, then the Indemnitee shall be entitled to retain its own separate
counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such Claim) and all Expenses related
to such separate counsel shall be borne by the Company.



 



		8.	Procedure upon Application for Indemnification. In order to obtain indemnification pursuant
to this Agreement, the Indemnitee shall submit to the Company a written request therefor, including in such request such documentation
and information as is reasonably available to the Indemnitee and is reasonably necessary to determine whether and to what extent
the Indemnitee is entitled to indemnification following the final disposition of the Claim, provided that documentation and information
need not be so provided to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege.
Indemnification shall be made insofar as the Company determines the Indemnitee is entitled to indemnification in accordance with
Section 9 below.



 



		9.	Determination of Right to Indemnification.



 



		(a)	Mandatory Indemnification; Indemnification as a Witness.



 



		(i)	To the extent that the Indemnitee shall have been successful on the merits or otherwise in defense
of any Claim relating to an Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including
without limitation dismissal without prejudice, the Indemnitee shall be indemnified against all Losses relating to such Claim in
accordance with Section 3 to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in Section
9(b)) shall be required.



 






    	 	 	 



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		(ii)	To the extent that the Indemnitee’s involvement in a Claim relating to an Indemnifiable Event
is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred
in connection therewith to the fullest extent allowable by law

and no Standard of Conduct Determination (as defined in Section 9(b)) shall be required.



 



		(b)	Standard of Conduct. To the extent that the provisions of Section 9(a) are inapplicable
to a Claim related to an Indemnifiable Event that shall have been finally disposed of, any determination of whether the Indemnitee
has satisfied any applicable standard of conduct under Nevada law that is a legally required condition to indemnification of the
Indemnitee hereunder against Losses relating to such Claim and any determination that Expense Advances must be repaid to the Company
(a “Standard of Conduct Determination”) shall be made as follows:



 



		(i)	if no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even
if less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested
Directors, even though less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written
opinion addressed to the Board, a copy of which shall be delivered to the Indemnitee; and



 



		(ii)	if a Change in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a
majority vote of the Disinterested Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel
in a written opinion addressed to the Board, a copy of which shall be delivered to the Indemnitee.



 



The Company shall indemnify and
hold harmless the Indemnitee against and, if requested by the Indemnitee, shall reimburse the Indemnitee for, or advance to the
Indemnitee, within 60 days of such request, any and all Expenses incurred by the Indemnitee in cooperating with the person or persons
making such Standard of Conduct Determination.


 



		(c)	Making the Standard of Conduct Determination. The Company shall use its reasonable best
efforts to cause any Standard of Conduct Determination required under Section 9(b) to be made as promptly as practicable. If the
person or persons designated to make the Standard of Conduct Determination under Section 9(b) shall not have made a determination
within 30 days after the later of (A) receipt by the Company of a written request from the Indemnitee for indemnification pursuant
to Section 8 (the date of such receipt being the “Notification Date”) and (B) the selection of an Independent
Counsel, if such determination is to be made by Independent Counsel, then the Indemnitee shall be deemed to have satisfied the
applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional
30 days, if the person or persons making such determination in good faith requires such additional time to obtain or evaluate information
relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of the Indemnitee
to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim.



 






    	 	 	 



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		(d)	Payment of Indemnification. If, in regard to any Losses:



 



		(i)	the Indemnitee shall be entitled to indemnification pursuant to Section 9(a);



 



		(ii)	no Standard Conduct Determination is legally required as a condition to indemnification of the
Indemnitee hereunder; or



 



		(iii)	the Indemnitee has been determined or deemed pursuant to Section 9(b) or Section 9(c) to have satisfied
the Standard of Conduct Determination,



 



then the Company shall pay to the
Indemnitee, within ten days after the later of (A) the Notification Date or (B) the earliest date on which the applicable criterion
specified in clause (i), (ii) or (iii) is satisfied, an amount equal to such Losses.


 



		(e)	Selection of Independent Counsel for Standard of Conduct Determination. If a Standard of
Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(i), the Independent Counsel shall be selected
by the Board of Directors, and the Company shall give written notice to the Indemnitee advising him of the identity of the Independent
Counsel so selected. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(ii),
the Independent Counsel shall be selected by the Indemnitee, and the Indemnitee shall give written notice to the Company advising
it of the identity of the Independent Counsel so selected. In either case, the Indemnitee or the Company, as applicable, may, within
five days after receiving written notice of selection from the other, deliver to the other a written objection to such selection;
provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not satisfy
the criteria set forth in the definition of “Independent Counsel” in Section 1(i), and the objection shall set
forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person or firm so selected
shall act as Independent Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent
Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined
that such objection is without merit; and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel
and give written notice to the other party advising such other party of the identity of the alternative Independent Counsel so
selected, in which case the provisions of the two immediately preceding sentences, the introductory clause of this sentence and
numbered clause (i) of this sentence shall apply to such subsequent selection and notice. If applicable, the provisions of clause
(ii) of the immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is
permitted under the foregoing provisions of this Section 9(e) to make the Standard of Conduct Determination shall have been selected
within 20 days after the Company gives its initial notice pursuant to the first sentence of this Section 9(e) or the Indemnitee
gives its initial notice pursuant to the second sentence of this Section 9(e), as the case may be, either the Company or the Indemnitee
may petition a court in Nevada (the “Court”) to resolve any objection which shall have been made by the Company
or the Indemnitee to the other’s selection of Independent Counsel and/or to appoint as Independent Counsel a person to be
selected by the Court or such other person as the Court shall designate, and the person or firm with respect to whom all objections
are so resolved or the person or firm so appointed will act as Independent Counsel. In all events, the Company shall pay all of
the reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel’s determination
pursuant to Section 9(b).



 






    	 	 	 



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		(i)	Indemnitee’s Entitlement to Indemnification. In making any Standard of Conduct Determination,
the person or persons making such determination shall presume that the Indemnitee has satisfied the applicable standard of conduct
and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that
the Indemnitee is not so entitled. Any Standard of Conduct Determination that is adverse to the Indemnitee may be challenged by
the Indemnitee in the Court. No determination by the Company (including by its directors or any Independent Counsel) that the Indemnitee
has not satisfied any applicable standard of conduct may be used as a defense to any legal proceedings brought by the Indemnitee
to secure indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that
the Indemnitee has not met any applicable standard of conduct.



 



		(ii)	Reliance as a Safe Harbor. For purposes of this Agreement, and without creating any presumption
as to a lack of good faith if the following circumstances do not exist, the Indemnitee shall be deemed to have acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best interests of the Company if the Indemnitee’s actions
or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon
information, opinions, reports or statements furnished to the Indemnitee by the officers or employees of the Company or any of
its subsidiaries in the course of their duties, or by committees of the Board or by any other Person (including legal counsel,
accountants and financial advisors) as to matters the Indemnitee reasonably believes are within such other Person’s professional
or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge
and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to the Indemnitee
for purposes of determining the right to indemnity hereunder.



 






    	 	 	 



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		(iii)	No Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment,
order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent,
will not create a presumption that the Indemnitee did not meet any applicable standard of conduct or have any particular belief,
or that indemnification hereunder is otherwise not permitted.



 



		(iv)	Defense to Indemnification and Burden of Proof. It shall be a defense to any action brought
by the Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred
in defending against a Claim related to an Indemnifiable Event in advance of its final disposition) that it is not permissible
under applicable law for the Company to indemnify the Indemnitee for the amount claimed. In connection with any such action or
any related Standard of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the
applicable standard of conduct shall be on the Company.



 



		(v)	Resolution of Claims. The Company acknowledges that a settlement or other disposition short
of final judgment may be successful on the merits or otherwise for purposes of Section 9(a)(i) if it permits a party to avoid expense,
delay, distraction, disruption and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which the Indemnitee
is a party is resolved in any manner other than by adverse judgment against the Indemnitee (including, without limitation, settlement
of such action, claim or proceeding with our without payment of money or other consideration) it shall be presumed that the Indemnitee
has been successful on the merits or otherwise for purposes of Section 9(a)(i). The Company shall have the burden of proof to overcome
this presumption.



 



		10.	Exclusions from Indemnification. Notwithstanding anything in this Agreement to the contrary,
the Company shall not be obligated to:



 



		(a)	indemnify or advance funds to the Indemnitee for Expenses or Losses with respect to proceedings
initiated by the Indemnitee, including any proceedings against the Company or its directors, officers, employees or other indemnitees
and not by way of defense, except:



 



		(i)	proceedings referenced in Section 5 above (unless a court of competent jurisdiction determines
that each of the material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous); or



 



		(ii)	where the Company has joined in or the Board has consented to the initiation of such proceedings;



 



		(b)	indemnify the Indemnitee if a final decision by a court of competent jurisdiction determines that
such indemnification is prohibited by applicable law;



 






    	 	 	 



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		(c)	indemnify the Indemnitee for the disgorgement of profits arising from the purchase or sale by the
Indemnitee of securities of the Company in violation of Section 16(b) of the Exchange Act, or any similar successor statute; and



 



		(d)	indemnify or advance funds to the Indemnitee for the Indemnitee’s reimbursement to the Company
of any bonus or other incentive-based or equity-based compensation previously received by the Indemnitee or payment of any profits
realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including
any such reimbursements under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement
of the Company or the payment to the Company of profits arising from the purchase or sale by the Indemnitee of securities in violation
of Section 306 of the Sarbanes-Oxley Act).




 


		11.	Settlement of Claims. The Company shall not be liable to the Indemnitee under this Agreement
for any amounts paid in settlement of any threatened or pending Claim related to an Indemnifiable Event effected without the Company’s
prior written consent, which shall not be unreasonably withheld; provided, however, that if a Change in Control has occurred, the
Company shall be liable for indemnification of the Indemnitee for amounts paid in settlement if an Independent Counsel has approved
the settlement. The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses
on the Indemnitee without the Indemnitee’s prior written consent.



 



		12.	Duration. All agreements and obligations of the Company contained herein shall continue
during the period that the Indemnitee is an officer of the Company (or is serving at the request of the Company as a director,
officer, employee, member, trustee or agent of another Enterprise) and shall continue thereafter (i) so long as the Indemnitee
may be subject to any possible Claim relating to an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout
the pendency of any proceeding (including any rights of appeal thereto) commenced by the Indemnitee to enforce or interpret her
rights under this Agreement, even if, in either case, he or she may have ceased to serve in such capacity at the time of any such
Claim or proceeding.



 



		13.	Non-Exclusivity. The rights of the Indemnitee hereunder will be in addition to any other
rights the Indemnitee may have under the Constituent Documents, the general corporate law of the State of Nevada, any other contract
or otherwise (collectively, “Other Indemnity Provisions”); provided, however, that (a) to the extent that the
Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, the Indemnitee will be
deemed to have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision which
permits any greater right to indemnification than that provided under this Agreement as of the date hereof, the Indemnitee will
be deemed to have such greater right hereunder. The Company will not adopt any amendment to any of the Constituent Documents the
effect of which would be to deny, diminish or encumber the Indemnitee’s right to indemnification under this Agreement or
any Other Indemnity Provision.



 






    	 	 	 



    	 	 - 12 -	 



    

 



		14.	Liability Insurance. For the duration of the Indemnitee’s service as an officer of
the Company, and thereafter for so long as the Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event,
the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative
to the cost thereof) to continue to maintain in effect policies of directors’ and officers’ liability insurance providing
coverage that is at least substantially comparable in scope and amount to that provided by the Company’s current policies
of directors’ and officers’ liability insurance. In all policies of directors’ and officers’ liability
insurance maintained by the Company, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee
the same rights and benefits as are provided to the most favorably insured of the Company’s directors, if the Indemnitee
is a director, or of the Company’s officers, if the Indemnitee is an officer (and not a director) by such policy. Upon request,
the Company will provide to the Indemnitee copies of all directors’ and officers’ liability insurance applications,
binders, policies, declarations, endorsements and other related materials.



 



		15.	No Duplication of Payments. The Company shall not be liable under this Agreement to make
any payment to the Indemnitee in respect of any Losses to the extent the Indemnitee has otherwise received payment under any insurance
policy, the Constituent Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company
hereunder.



 



		16.	Subrogation. In the event of payment to the Indemnitee under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee. The Indemnitee 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.



 



		17.	Amendments. No supplement, modification 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 binding
unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall
operate as a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.
Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute
a waiver thereof.



 



		18.	Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs and
personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase,
merger, consolidation or otherwise) to all, substantially all or a substantial part of the business and/or assets of the Company,
by written agreement in form and substances satisfactory to the 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.



 






    	 	 	 



    	 	 - 13 -	 



    

 


		19.	Severability. The provisions of this Agreement shall be severable in the event that any
of the provisions hereof (including any portion thereof) are held by a court of competent jurisdiction to be invalid, illegal,
void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.
Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually
acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest
extent possible.



 


		20.	Notices. All notices, requests, demands and other communications hereunder shall be in writing
and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, by postage prepaid, certified or
registered mail:



 


		(a)	if to the Indemnitee, to the address set forth on the signature page hereto.



 


		(b)	if to the Company, to:



 


	 	Naked Brand Group Inc.
	 	180 Madison Avenue, Suite 1505
	 	New York, New York,
	 	United States, 10016
	 	 
	 	Attention:	Sid Banon
	 	Email:	sbanon@chazen.com


 


Notice of change of address shall
be effective only when given in accordance with this Section. All notices complying with this Section shall be deemed to have been
received on the date of hand delivery or on the third business day after mailing.


 


		21.	Governing Law and Forum. This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of Nevada applicable to contracts made and to be performed in such state without giving
effect to its principles of conflicts of laws.




 


		22.	Headings. The headings of the sections and paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof.




 


		23.	Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall for all purposes be deemed to be an original, but all of which together shall constitute one and the same Agreement.



 






    	 	 	 



    	 	 - 14 -	 



    

 


IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first above written.


 


	NAKED BRAND GROUP INC.	 
	 	 	 
	Per:	/s/ Carole Hochman	 
	 	Name:	 
	 	Title:	 


 


	JULIE DALEY
	 	 	 
	/s/ Julie Daley	 
	 	 	 
	Address: 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Email: