Document:

INDEMNIFICATION AGREEMENT

 

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made as of the 1st day of July, 2013, by and between Mimvi, Inc., a Nevada
corporation (the “Corporation”), and Michael Poutre (“Indemnitee”), a director and/or officer of the Corporation.

 

RECITALS

 

A. It is essential
to the Corporation to retain and attract as directors and officers of the Corporation the most capable persons available.

 

B. Both the Corporation
and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors and officers
of corporations generally.

 

C. The Articles
of Incorporation, as amended (the "Articles of Incorporation") and Bylaws of the Corporation require the Corporation
to indemnify and advance expenses to its directors and officers to the fullest extent permitted under Nevada law, and Indemnitee
will serve or has been serving and continues to serve as a director and/or officer of the Corporation in part in reliance on the
Corporation’s Articles of Incorporation and Bylaws.

 

D. In recognition
of Indemnitee’s need for (i) substantial protection against personal liability based on Indemnitee’s reliance on the
aforesaid Articles of Incorporation and Bylaws, (ii) specific contractual assurance that the protection promised by the Articles
of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation
of the Articles of Incorporation and Bylaws or any change in the composition of the Corporation’s Board of Directors or acquisition
transaction relating to the Corporation), and (iii) an inducement to provide effective services to the Corporation as a director
and/or officer, the Corporation wishes to provide in this Agreement for the indemnification of and the advancing of expenses to
Indemnitee to the fullest extent (whether partial or complete) permitted under Nevada law and as set forth in this Agreement, and,
to the extent insurance is maintained, to provide for the continued coverage of Indemnitee under the Corporation’s directors’
and officers’ liability insurance policies.

 

AGREEMENTS

 

NOW, THEREFORE, the
Corporation and Indemnitee do hereby agree as follows:

 

1. Agreement
to Serve. Indemnitee agrees to serve or continue to serve as a director and/or an officer of the Corporation for so long as
he is duly elected or appointed or until such time as he tenders his resignation in writing.

 

2. Definitions.
As used in this Agreement:

 

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

 

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(i) A change in
the composition of the Board of Directors of the Corporation, as a result of which fewer than a majority of the incumbent directors
are directors who either (1) had been directors of the Corporation 12 months prior to such change or (2) were elected, or nominated
for election, to the Board of Directors with the affirmative votes of at least a majority of the directors who had been directors
of the Corporation 12 months prior to such change and who were still in office at the time of the election or nomination; or

 

(ii) Any “person”
(as such term is used in section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) through the acquisition or
aggregation of securities is or becomes the beneficial owner, directly or indirectly, of securities of the Corporation representing
40% or more of the combined voting power of the Corporation’s then outstanding securities ordinarily (and apart from rights
accruing under special circumstances) having the right to vote at elections of directors (the “Capital Stock”).

 

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

 

(c) The term “Expenses”
shall include, without limitation, expenses, costs and obligations, paid or incurred, of investigations, judicial or administrative
proceedings or appeals, amounts paid in settlement by or on behalf of Indemnitee, reasonable attorneys' fees and disbursements
and any expenses reasonably and actually incurred in establishing a right to indemnification under Section 8 of this Agreement
including, without limitation, those incurred in investigating, defending, being a witness in or participating in (including on
appeal), or preparing to defend with respect to any claim, issue or matter relating thereto or in connection therewith, but shall
not include the amount of judgments, fines or penalties against Indemnitee.

 

(d) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past 5 years has been, retained to represent: (i) the Corporation or Indemnitee in any matter material to either
such party, or (ii) any other party to the Proceeding 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 Corporation or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement.

 

(e) The term “Proceeding”
shall include any threatened, pending or completed action, suit, internal or external investigation or proceeding, and any appeal
thereof, whether brought by or in the right of the Corporation or otherwise and whether civil, criminal, administrative or investigative,
and/or any inquiry or investigation, in which Indemnitee may be or may have been involved as a party or otherwise, by reason of
the fact that Indemnitee is or was a director or officer of the Corporation, by reason of any action taken by him or of any inaction
on his part while acting as a director or officer, or by reason of the fact that he is or was serving at the request of the Corporation
as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust
or other enterprise; in each case whether or not he is acting or serving in any such capacity at the time any liability or expense
is incurred for which indemnification or reimbursement can be provided under this Agreement.

 

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(f) References to
“other enterprise” shall include employee benefit plans; references to "fines" shall include any excise tax
assessed with respect to any employee benefit plan; references to "serving at the request of the Corporation" shall include
any service as a director, officer, employee or agent of the Corporation or its subsidiaries which imposes duties on, or involves
services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or beneficiaries;
and a person who acted in good faith and in a manner he reasonably believed to be in the interests of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation”
as referred to in this Agreement.

 

3. Indemnity
in Third-Party Proceedings. The Corporation shall indemnify Indemnitee in accordance with the provisions of this Section 3
if Indemnitee is a party to or threatened to be made a party to any Proceeding (other than a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) by reason of the fact that Indemnitee is or was a director or officer of the Corporation,
or is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses, judgments, fines and penalties actually
and reasonably incurred by Indemnitee in connection with the defense or settlement of such Proceeding, but only if he acted in
good faith and in a manner which he reasonably believed to be in the best interests of the Corporation, or, in the case of a criminal
action or proceeding, in addition, had no reasonable cause to believe that his conduct was unlawful.

 

4. Indemnitee
in Proceedings by or in the Right of the Corporation. The Corporation shall indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is a party to or threatened to be made a party to any Proceeding by or in the right of the Corporation
to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director or officer of the Corporation, or
is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses actually and reasonably incurred by Indemnitee
in connection with the defense or settlement of such Proceeding, but only if he acted in good faith and in a manner which he reasonably
believed to be in the best interests of the Corporation, except that no indemnification for Expenses shall be made under this Section
4 in respect of any Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation, unless and only
to the extent that any court in which such Proceeding was brought shall determine upon application that, despite the adjudication
of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
expenses as such court shall deem proper. Notwithstanding the foregoing, Indemnitee shall have no right to indemnification for
Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b)
of the Securities Exchange Act of 1934, as amended.

 

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5. Intentionally
omitted.

 

6. Indemnification
of Expenses of Successful Party. Notwithstanding any other provision of this Agreement whatsoever, to the extent that Indemnitee
has been successful on the merits or otherwise (including a settlement) in defense of any Proceeding or in defense of any claim,
issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses reasonably
and actually incurred in connection therewith.

 

7. Advances of
Expenses. The Corporation shall advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with any
Proceeding within 20 days after the receipt by the Corporation of a statement or statements from Indemnitee requesting such advance
or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall
reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or
on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to
be indemnified against such Expenses.

 

8. Procedure
for Determination of Entitlement to Indemnification.

 

(a) To obtain indemnification
under this Agreement, Indemnitee shall submit to the Corporation a written request, including therein or therewith such documentation
and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification. The Secretary of the Corporation shall, promptly upon receipt of such a request for indemnification,
advise the Board of Directors in writing that Indemnitee has requested indemnification.

 

(b) Upon written request
by Indemnitee for indemnification pursuant to the first sentence of Section 8(a) hereof, a determination, if required by applicable
law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change of Control (as
defined in Section 2) shall have occurred, by Independent Counsel (as defined in Section 2) (unless Indemnitee shall request that
such determination be made by the Board of Directors or the stockholders, in which case by the person or persons or in the manner
provided for in clauses (ii) or (iii) of this Section 8(b)) in a written opinion to the Board of Directors, a copy of which shall
be delivered to Indemnitee; (ii) if a Change of Control shall not have occurred, (A) by the Board of Directors by a majority vote
of a quorum consisting of Disinterested Directors (as defined in Section 2), or (B) if a quorum of the Board of Directors consisting
of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, by Independent
Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee or (C) by the stockholders
of the Corporation; or (iii) as provided in Section 9(b) of this Agreement; and, if it is so determined that Indemnitee is entitled
to indemnification, payment to Indemnitee shall be made within 20 days after such determination. Indemnitee shall cooperate with
the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including
providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged
or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.
Any costs or expenses (including reasonable attorney’s fees and disbursements) incurred by Indemnitee in so cooperating with
the person, persons or entity making such determination shall be borne by the Corporation (irrespective of the determination as
to Indemnitee’s entitlement to indemnification), and the Corporation hereby indemnifies and agrees to hold Indemnitee harmless
therefrom.

 

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(c) In the event the
determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent
Counsel shall be selected as provided in this Section 8(c). If a Change of Control shall not have occurred, the Independent Counsel
shall be selected by the Board of Directors, and the Corporation shall give written notice to Indemnitee advising him of the identity
of the Independent Counsel so selected. If a Change of Control shall have occurred, the Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Corporation advising it of the identity of the Independent
Counsel so selected. In either event, the Indemnitee or the Corporation, as the case may be, may, within 7 days after such written
notice of selection shall have been given, deliver to the Corporation or to Indemnitee, as the case may be, a written objection
to such selection. Such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth
with particularity the factual basis of such assertion. If such written objection is made, the Independent Counsel so selected
may not serve as Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20
days after submission by Indemnitee of a written request for indemnification pursuant to Section 8(a) hereof, no Independent Counsel
shall have been selected and not objected to, either the Corporation or Indemnitee may petition the courts of the State of Nevada
or other court of competent jurisdiction for resolution of any objection which shall have been made by the Corporation or Indemnitee
to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by
the Court or by such other person as the Court shall designate, and the person with respect to whom an objection is so resolved
or the person so appointed shall act as Independent Counsel under Section 8(b) hereof. The Corporation shall pay any and all reasonable
fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 8(b)
hereof, and the Corporation shall pay all reasonable fees and expenses incident to the procedures of this Section 8(c), regardless
of the manner in which such Independent Counsel was selected or appointed. Upon the due commencement of any judicial proceeding
pursuant to Section 11(a)(iii) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility
in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

9. Presumptions
and Effect of Certain Proceedings.

 

(a) If a Change of
Control shall have occurred, in making a determination with respect to entitlement to indemnification hereunder, the person or
persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if
Indemnitee has submitted a request for indemnification in accordance with Section 8(a) of this Agreement, and the Corporation shall
have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination
contrary to that presumption.

 

    	-5-

    	 

    

 

(b) If the person,
persons or entity empowered or selected under Section 8 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within 60 days after receipt by the Corporation of the request therefor, the requisite determination
of entitlement to indemnification shall 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
applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional 30
days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires
such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further,
that the foregoing provisions of this Section 9(b) shall not apply (i) if the determination of entitlement to indemnification is
to be made by the stockholders pursuant to Section 8(b) of this Agreement and if (A) within 15 days after receipt by the Corporation
of the request for such determination the Board of Directors has resolved to submit such determination to the stockholders for
their consideration at an annual meeting thereof to be held within 75 days after such receipt and such determination is made thereat,
or (B) a special meeting of stockholders is called within 15 days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within 60 days after having been so called and such determination is made thereat; or (ii)
if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) of this Agreement.

 

(c) The termination
of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the
right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
he reasonably believed to be in or not opposed to the best interests of the Corporation or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

10. Notification
and Defense of Claim. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will,
if a claim in respect thereof is to be made against the Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Indemnitee otherwise
than under this Agreement. With respect to any Proceeding as to which Indemnitee notifies the Corporation of the commencement thereof:

 

(a) the Corporation
will be entitled to participate therein at its own expense;

 

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(b) Except as otherwise
provided below, to the extent that it may wish, the Corporation jointly with any other indemnifying party similarly notified will
be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Corporation
to Indemnitee of its election to assume the defense thereof, the Corporation will not be liable to Indemnitee under this Agreement
for any Expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation
or as otherwise provided below. Indemnitee shall have the right to employ his or her own counsel in such Proceeding, but the Expenses
associated with the employment of such counsel incurred after notice from the Corporation of its assumption of the defense thereof
shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by the Corporation,
(ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Corporation and Indemnitee
in the conduct of the defense of such Proceeding or (iii) the Corporation shall not in fact have employed counsel to assume the
defense of such Proceeding, in each of which cases the Expenses of Indemnitee’s separate counsel shall be at the expense
of the Corporation. The Corporation shall not be entitled to assume the defense of any Proceeding brought by or on behalf of Corporation
or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and

 

(c) Provided there
has been no Change of Control, the Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts
paid in settlement of any Proceeding effected without its written consent, which consent shall not be unreasonably withheld. The
Corporation shall be permitted to settle any Proceeding except that it shall not settle any Proceeding in any manner that would
impose any penalty, out-of-pocket liability, or limitation on Indemnitee without Indemnitee’s written consent.

 

11. Remedies
of Indemnitee.

 

(a) In the event that
(i) a determination is made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 7 of this Agreement, (iii) the determination of
entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) of this Agreement and such determination
shall not have been made and delivered in a written opinion within 90 days after receipt by the Corporation of the request for
indemnification, or (iv) payment of indemnification is not made within 20 days after a determination has been made that Indemnitee
is entitled to indemnification or such determination is deemed to have been made pursuant to Section 8 or 9 of this Agreement,
Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Nevada, or in any other court of competent
jurisdiction, of his entitlement to such indemnification of advancement of Expenses.

 

(b) In the event that
a determination shall have been made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding commenced pursuant to this Section 11 shall be conducted in all respects as a de novo trial on the merits
and Indemnitee shall not be prejudiced by reason of that adverse determination. If a Change of Control shall have occurred, in
any judicial proceeding commenced pursuant to this Section 10 the Corporation shall have the burden of proving that Indemnitee
is not entitled to indemnification or advancement of Expenses, as the case may be.

 

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(c) If a determination
shall have been made or deemed to have been made pursuant to Section 8 or 9 of this Agreement that Indemnitee is entitled to indemnification,
the Corporation shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 11, 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
applicable law.

 

(d) The Corporation
shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 11 that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Corporation is bound by
all the provisions of this Agreement.

 

(e) In the event that
Indemnitee, pursuant to this Section 11, seeks a judicial adjudication to enforce his rights under, or to recover damages for breach
of, this Agreement, Indemnitee shall be entitled to recover from the Corporation, and shall be indemnified by the Corporation against,
any and all expenses (of the types describe in the definition of Expenses in Section 2 of this Agreement) actually and reasonably
incurred by him in such judicial adjudication, but only if he prevails therein. If it shall be determined in said judicial adjudication
that Indemnitee is entitled to receive part but not all of the indemnification or advancement or expenses sought, the expenses
incurred by Indemnitee in connection with judicial adjudication shall be appropriately prorated.

 

12. Non-Exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a) Notwithstanding
any other provision of this Agreement, the Corporation hereby agrees to indemnify the Indemnitee to the full extent permitted by
law, whether or not such indemnification is specifically authorized by the other provisions of this Agreement, the Corporation's
Articles of Incorporation, the Bylaws, or by statute. In the event of any changes, after the date of this Agreement, in any applicable
law, statute, or rule that expand the right of a Nevada corporation to indemnify a member of its board of directors or any officer,
such changes shall be, ipso facto, within the purview of Indemnitee's rights, and the Corporation's obligations,
under this Agreement. In the event of any changes in any applicable law, statute, or rule that narrow the right of a Nevada corporation
to indemnify a member of its board of directors or any officer, such changes, 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.

 

(b) The indemnification
provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be entitled under the Articles
of Incorporation, the Bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of the State of Nevada,
or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office.

 

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(c) To the extent
that the Corporation maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
agents or fiduciaries of the Corporation or of any other corporation, partnership, limited liability company, joint venture, trust,
employee benefit plan or other enterprise which such person serves at the request of the Corporation, Indemnitee shall be covered
by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director,
officer, employee or agent under such policy or policies.

 

(d) In the event of
any payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, who 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 Corporation to bring suit to enforce such rights.

 

(e) The Corporation
shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent
that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

13. Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) 10 years after the date that Indemnitee
shall have ceased to serve as a director, or (b) the final termination of all pending Proceedings in respect of which Indemnitee
is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant
to Section 11 of this Agreement relating thereto.

 

14. Exception
to Right of Indemnification or Advancement of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee shall
not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim
therein, brought or made by him against the Corporation.

 

15. Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some or a portion of
the Expenses, judgments, fines or penalties actually and reasonably incurred by him in the investigation, defense, appeal or settlement
of any Proceeding, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee for
the portion of such Expenses, judgments, fines or penalties to which Indemnitee is entitled. Moreover, notwithstanding any other
provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or
all claims, issues or matters relating in whole or in part to an indemnifiable event, occurrence or matter hereunder, including
dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection with such defenses.

 

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16. Effect of
Federal Law. Both the Corporation and the Indemnitee acknowledge that in certain instances, federal law will override Nevada
law and prohibit the Corporation from indemnifying its officers and directors. For example, the Corporation and Indemnitee acknowledge
that the Securities and Exchange Commission has taken the position that indemnification is not permissible for liabilities arising
under certain federal securities law, and federal law prohibits indemnification for certain violations of the Employee Retirement
Income Security Act of 1974, as amended.

 

17. Saving Clause.
Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act
in violation of applicable law. The provisions of this Agreement (including any provision within a single section, paragraph or
sentence) shall be severable in accordance with this Section 17. If this Agreement or any portion thereof shall be invalidated
on any ground by any court of competent jurisdiction, the Corporation shall nevertheless indemnify Indemnitee as to Expenses, judgments,
fines and penalties with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that
shall not have been invalidated or by any other applicable law, and this Agreement shall remain enforceable to the fullest extent
permitted by law.

 

18. Notice.
All notices, request, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or
(ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed.

 

		(a)	If to Indemnitee, to:

 

Michael
Poutre

440 North Wolfe Road

Sunnyvale, California
94085

 

		(b)	If to the Corporation to:

 

Mimvi,
Inc.

440
North Wolfe Road

Sunnyvale,
California 94085

Attn:
Chief Executive Officer

 

or such address as may have been furnished
to Indemnitee by the Corporation or to the Corporation by Indemnitee, as the case may be.

 

19. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall constitute the original.

 

20. Applicable
Law. This Agreement shall be governed by and construed in accordance with the substantive laws of the State of Nevada without
giving effect to its rules of conflicts of laws.

 

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21. Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and their respective
successors and assigns (including any direct or indirect successors by purchase, merger, consolidation or otherwise to all or substantially
all of the business and/or assets of the Corporation), spouses, heirs, and personal and legal representatives.

 

22. Subsequent
Instruments and Acts. The parties hereto agree that they will execute any further instrument and perform any acts that may
become necessary from time to time to carry out the terms of this Agreement.

 

23. Modification
and Waiver. 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 deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

24. Notice by
Indemnitee. Indemnitee agrees promptly to notify the Corporation in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other documents relating to any Proceeding or matter which may be subject to Indemnification
or advancement of Expenses covered hereunder.

 

25. Miscellaneous.
Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

IN WITNESS WHEREOF,
the parties hereby have caused this Agreement to be duly executed and signed as of the day and year first above written.

 

	 	Mimvi, Inc., a Nevada corporation
	 	 
	 	 
	 	By: 	/s/ Qayed Shareef
	 	 	Qayed Shareef, Chief Executive Officer
	 	 	 
	 	 	 
	 	INDEMNITEE:
	 	 	 
	 	 	 
	 	/s/ Michael Poutre
	 	Michael Poutre
	 	 	 

 

    	-11-Mimvi Acquires Mobile/Video/Internet Advertising Company
with Significant Customer Base and Revenues, Adaptive Media 

 

Veteran Digital Media Executive, Qayed Shareef, to head newly-combined
company as its CEO

 

Mimvi Founder, Kasian Franks, and CEO, Michael Poutre, step
down from management team and Board of Directors

 

SUNNYVALE, Calif., July 2, 2013 /PRNewswire/
-- Mimvi, Inc. (OTCQB: MIMV), a leading search and recommendation
technology company, today announced the acquisition of Adaptive Media, Inc. Mimvi also announced the appointment of Adaptive Media’s
Founder and CEO, Qayed Shareef, as the Company’s new CEO, as well as the resignation of Mimvi Founder & CVO,
Kasian Franks, and CEO, Michael Poutre, from its management team and Board of Directors. Mr. Shareef will join Mimvi’s CFO,
Kevin Conner, on the Board.

 

Based in Mission Viejo, California,
Adaptive Media is an audience and content monetization company working with website owners,
app developers and video content
publishers to better optimize the serving of content and ads together. The company serves as the foundation for content developers
looking to engage brand advertisers through integrated, engaging and impactful ads across its content on multiple devices. According
to Mr. Shareef, Adaptive Media’s monthly reach across its clients’ sites is in the tens of millions of unique users.
The Company’s financial details are still subject to an audit. 

 

“The combination of Mimvi’s
recommendation technology plus Adaptive’s multi-channel,
audience-side platform creates a
distinctive technology company that addresses the evolving needs of app and content developers in a complicated ad-tech ecosystem,”
said Shareef. “Adaptive Media’s revenues are growing quickly and we are very well positioned to be a major player in
the booming mobile, video and display advertising space as a supply side platform and services provider. This deal now gives us
a world-class optimization and recommendation technology stack through Mimvi, along with access to the public markets for growth
capital, future acquisitions and value-creation for Mimvi shareholders.”

 

Mr. Shareef brings over 12 years of online technology and operations
experience to Mimvi.  Prior to launching Adaptive Media, he held management positions at Traffic Marketplace, Premier Group,
CheetahMail, LowerMyBills.com (acquired by Experian), and Drapers.com.  He has also served as a strategic advisor to several
start-ups in the mobile and online space, helping with successful launches, pivots and exits.

 

Outgoing CEO Michael Poutre commented, “This is a phenomenal
opportunity for Mimvi and its shareholders. I’ve enjoyed my role as CEO and I’m very pleased to turn the Company over
to a leader with serious media-tech industry chops.

 

    	 

    	 

    

 

“My goal all along was
to put Mimvi in a position where it could take advantage of opportunities like this, and to bring in solid technology executives,
like Qayed, to take the Company to the next level. Speaking as a shareholder, I’m confident we
are in excellent hands with Mimvi’s new leadership, and I look forward to seeing us grow as a unified digital content monetization
company. This should translate into the success our shareholders have been waiting for.”

 

Mr. Shareef intends to host a shareholder conference call later
in July in which he will provide additional details on the merger and general business updates.

 

ABOUT ADAPTIVE MEDIA INC.

 

Based in Mission Viejo, California,
Adaptive Media is an audience and content monetization company working with website owners,
app developers and video content
publishers to better optimize the serving of content and ads together. The company serves as the foundation for content developers
looking to engage brand advertisers through integrated, engaging and impactful ads across its content on multiple devices. Adaptive
Media’s multi-channel ad delivery and content platform delivers relevant and timely-placed advertising that meets the needs
of its publishers’ audiences without interrupting their users’ experiences.

 

For more
information, please visit: www.adaptivem.com

 

Safe Harbor Statement:

This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of
1995. MIMVI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect Mimvi's current beliefs and are based on information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause
Mimvi's actual results, performance or achievements to differ materially from those expressed in or implied by such statements.
MIMVI undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information
contained in this Press Release including such forward-looking statements.

Investor
Contact:

Gerald Kieft

The WSR Group

(772) 219-7525 (tel.) 

IR@theWSRgroup.com 

www.wallstreetresources.net/mimvi.asp

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