Document:

Exhibit
      10.4

     

    GUARANTY

     

    This
      Guaranty is made this 29th day of August 2008, by such Guarantors listed on
      the
      signature pages hereof (collectively, jointly and severally, “Guarantors”,
      and
      each, individually, a “Guarantor”),
      in
      favor of __________________ (together with its successors and assigns,
“Noteholder”).

     

    W
      I T N E S S E T H:

    

    WHEREAS,
      pursuant to that certain Exchange Agreement dated as of August 29, 2008 (as
      amended, restated, supplemented, or otherwise modified from time to time,
      including all schedules thereto, the “Exchange
      Agreement”)
      by and
      between Workstream Inc., a corporation existing pursuant to the Canada Business
      Corporations Act (“Parent”),
      and
      Noteholder, Parent has agreed to exchange Noteholder’s Special Warrant and 2007
      Warrant for the Note and the Warrant;

     

    WHEREAS,
      each
      Guarantor is a direct or indirect wholly-owned Subsidiary of Parent and will
      receive direct and substantial benefits from such exchange;

     

    WHEREAS,
      in
      order to induce Noteholder to so exchange its Special Warrant and 2007 Warrant
      for the Note and the Warrant, as provided for in the Exchange Agreement,
      Guarantors have agreed to jointly and severally guaranty all of Parent’s
      obligations under and with respect to the Note; and

     

    WHEREAS,
      in
      connection herewith, Guarantors, Parent and Noteholder have entered into that
      certain Security Agreement dated of even date herewith (as amended, restated,
      supplemented, or otherwise modified from time to time, including all schedules
      thereto, the “Security
      Agreement”),
      pursuant to which Guarantors and Parent (Guarantors and Parent, collectively,
      “Obligors”
and
      each, individually, an “Obligor”)
      have
      granted Noteholder continuing security interests in all assets of each Obligor,
      as more fully set forth in the Security Agreement.

     

    NOW,
      THEREFORE,
      for and
      in consideration of the recitals made above and other good and valuable
      consideration, the receipt, sufficiency and adequacy of which are hereby
      acknowledged, each Guarantor hereby agrees as follows:

     

    1. Definitions.
      All
      capitalized terms used herein that are not otherwise defined herein shall have
      the meanings given them in the Security Agreement.

     

    2. Guaranteed
      Obligations.
      Guarantors jointly and severally hereby irrevocably and unconditionally guaranty
      to Noteholder the due and punctual payment in full of all of the present and
      future payment and performance obligations of each Obligor arising under the
      Exchange Agreement, any and all Notes payable to Noteholder, the Security
      Agreement, and the other Transaction Documents (as defined in the Notes),
      including, without duplication, reasonable attorneys’ fees and expenses and any
      interest, fees, or expenses that accrue after the filing of an Insolvency
      Proceeding, regardless of whether allowed or allowable in whole or in part
      as a
      claim in any Insolvency Proceeding (collectively, the “Guaranteed
      Obligations”).

     

    3. Guarantors’
      Representations and Warranties.
      Each
      Guarantor represents and warrants to Noteholder that such Guarantor expects
      to
      derive substantial benefits from the exchange of Noteholder’s Special Warrant
      and 2007 Warrant for a Note and a Warrant and the other transactions
      contemplated hereby. Noteholder may rely conclusively on a continuing warranty,
      hereby made, that such Guarantor continues to be benefited by this Guaranty
      and
      Noteholder shall have no duty to inquire into or confirm the receipt of any
      such
      benefits, and this Guaranty shall be effective and enforceable by Noteholder
      without regard to the receipt, nature or value of any such
      benefits.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. Unconditional
      Nature.
      No act
      or thing need occur to establish any Guarantor’s liability hereunder, and no act
      or thing, except full payment and discharge of all of the Guaranteed
      Obligations, shall in any way exonerate any Guarantor hereunder or modify,
      reduce, limit or release any Guarantor’s liability hereunder. This is an
      absolute, unconditional and continuing guaranty of payment of the Guaranteed
      Obligations and shall continue to be in force and be binding upon each Guarantor
      until the termination of this Guaranty pursuant to Section 12
      hereunder.

     

    5. Subrogation.
      No
      Guarantor will exercise or enforce any right of contribution, reimbursement,
      recourse or subrogation available to such Guarantor as to any of the Guaranteed
      Obligations, or against any Person liable therefor, or as to any collateral
      security therefor, unless and until all of the Guaranteed Obligations shall
      have
      been indefeasibly paid in full and discharged.

     

    6. Enforcement
      Expenses.
      Each
      Guarantor shall pay or reimburse Noteholder for all reasonable costs, expenses
      and attorneys’ fees paid or incurred by Noteholder in endeavoring to collect and
      enforce the Guaranteed Obligations and in enforcing this Guaranty.

     

    7. Obligations
      Absolute.
      Each
      Guarantor agrees that its obligations hereunder are irrevocable, absolute,
      independent and unconditional and shall not be affected by any circumstance
      which constitutes a legal or equitable discharge of a guarantor or surety other
      than the indefeasible payment in full and discharge of the Guaranteed
      Obligations. In furtherance of the foregoing and without limiting the generality
      thereof, each Guarantor agrees that none of its obligations hereunder shall
      be
      affected or impaired by any of the following acts or things (which Noteholder
      is
      expressly authorized to do, omit or suffer from time to time, without consent
      or
      approval by or notice to any Guarantor): (a) any acceptance of collateral
      security, guarantors, accommodation parties or sureties for any or all of the
      Guaranteed Obligations; (b) one or more extensions or renewals of the
      Guaranteed Obligations (whether or not for longer than the original period)
      or
      any modification of the interest rates, maturities, if any, or other contractual
      terms applicable to any of the Guaranteed Obligations or any amendment or
      modification of any of the terms or provisions of any of the Transaction
      Documents; (c) any waiver or indulgence granted to Parent or any other
      Obligor, any delay or lack of diligence in the enforcement of the Guaranteed
      Obligations, or any failure to institute proceedings, file a claim, give any
      required notices or otherwise protect any of the Guaranteed Obligations;
      (d) any full or partial release of, compromise or settlement with, or
      agreement not to sue, Parent, any other Obligor or any other Person liable
      in
      respect of any of the Guaranteed Obligations; (e) any release, surrender,
      cancellation or other discharge of any evidence of the Guaranteed Obligations
      or
      the acceptance of any instrument in renewal or substitution therefor;
      (f) any failure to obtain collateral security (including rights of setoff)
      for the Guaranteed Obligations, or to see to the proper or sufficient creation
      and perfection thereof, or to establish the priority thereof, or to preserve,
      protect, insure, care for, exercise or enforce any collateral security; or
      any
      modification, alteration, substitution, exchange, surrender, cancellation,
      termination, release or other change, impairment, limitation, loss or discharge
      of any collateral security; (g) any collection, sale, lease or disposition
      of, or any other foreclosure or enforcement of or realization on, any collateral
      security; (h) any assignment, pledge or other transfer of any of the
      Guaranteed Obligations or any evidence thereof; or (i) any manner, order or
      method of application of any payments or credits upon the Guaranteed
      Obligations. Each Guarantor waives any and all defenses and discharges available
      to a surety, guarantor or accommodation co-obligor.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    8. Waivers
      by Guarantors.
      Each
      Guarantor waives any and all defenses, claims, setoffs and discharges of Parent,
      or any other Obligor or Person, pertaining to the Guaranteed Obligations, except
      the defense of discharge by indefeasible payment in full. Without limiting
      the
      generality of the foregoing, no Guarantor will assert, plead or enforce against
      Noteholder any defense of waiver, release, discharge or disallowance in any
      Insolvency Proceeding, statute of limitations, res judicata, statute of frauds,
      anti-deficiency statute, fraud, incapacity, minority, usury, illegality or
      unenforceability which may be available to Parent or any other Obligor or Person
      liable in respect of any of the Guaranteed Obligations, or any setoff available
      to Noteholder against Parent or any other such Obligor or Person, whether or
      not
      on account of a related transaction. Each Guarantor expressly agrees that such
      Guarantor shall be and remain liable for any deficiency remaining after
      foreclosure of any mortgage or security interest securing the Guaranteed
      Obligations, whether or not the liability of Parent or any other Obligor or
      Person for such deficiency is discharged pursuant to statute or judicial
      decision. The liability of each Guarantor shall not be affected or impaired
      by
      any voluntary or involuntary liquidation, dissolution, sale or other disposition
      of all or substantially all of the assets, marshalling of assets and
      liabilities, receivership, insolvency, bankruptcy, assignment for the benefit
      of
      creditors, reorganization, arrangement, composition or readjustment of, or
      other
      similar event or proceeding affecting, Parent or any of its assets. No Guarantor
      will assert, plead or enforce against Noteholder any claim, defense or setoff
      available to such Guarantor against Parent. Each Guarantor waives presentment,
      demand for payment, notice of dishonor or nonpayment and protest of any
      instrument evidencing the Guaranteed Obligations. Noteholder shall not be
      required first to resort for payment of the Guaranteed Obligations to Parent
      or
      any other Person, or their properties, or first to enforce, realize upon or
      exhaust any collateral security for the Guaranteed Obligations, before enforcing
      this Guaranty.

     

    9. If
      Payments Set Aside, etc.
      If any
      payment applied by Noteholder to the Guaranteed Obligations is thereafter set
      aside, recovered, rescinded or required to be returned for any reason
      (including, without limitation, the bankruptcy, insolvency or reorganization
      of
      Parent or any other Obligor or Person), the Guaranteed Obligations to which
      such
      payment was applied shall for the purpose of this Guaranty be deemed to have
      continued in existence, notwithstanding such application, and this Guaranty
      shall be enforceable as to such Guaranteed Obligations as fully as if such
      application had never been made.

     

    10. Additional
      Obligation of Guarantors.
      Each
      Guarantor’s liability under this Guaranty is in addition to and shall be
      cumulative with all other liabilities of such Guarantor to Noteholder as
      guarantor, surety, endorser, accommodation co-obligor or otherwise of any of
      the
      Guaranteed Obligations, without any limitation as to amount.

     

    11. No
      Duties Owed by Noteholder.
      Each
      Guarantor acknowledges and agrees that Noteholder (a) has not made any
      representations or warranties with respect to, (b) does not assume any
      responsibility to such Guarantor for, and (c) has no duty to provide
      information to such Guarantor regarding, the enforceability of any of the
      Guaranteed Obligations or the financial condition of Parent or any other Obligor
      or Person. Each Guarantor has independently determined the creditworthiness
      of
      Parent and the enforceability of the Guaranteed Obligations and until the
      Guaranteed Obligations are paid in full will independently and without reliance
      on Noteholder continue to make such determinations.

     

    12. Termination.
      This
      Guaranty and the obligations of each Guarantor hereunder shall be deemed to
      be
      satisfied, released and fully discharged when all of the Guaranteed Obligations
      are indefeasibly paid in full and discharged.

     

    13. Miscellaneous.
      

     

    (a) This
      Guaranty may be executed in any number of counterparts and by different parties
      on separate counterparts, each of which, when executed and delivered, shall
      be
      deemed to be an original, and all of which, when taken together, shall
      constitute but one and the same Guaranty. Delivery of an executed counterpart
      of
      this Guaranty by telefacsimile or other electronic method of transmission shall
      be equally as effective as delivery of an original executed counterpart of
      this
      Guaranty. Any party delivering an executed counterpart of this Guaranty by
      telefacsimile or other electronic method of transmission also shall deliver
      an
      original executed counterpart of this Guaranty but the failure to deliver an
      original executed counterpart shall not affect the validity, enforceability,
      and
      binding effect of this Guaranty.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    (b) Any
      provision of this Guaranty which is prohibited or unenforceable shall be
      ineffective to the extent of such prohibition or unenforceability without
      invalidating the remaining provisions hereof in that jurisdiction or affecting
      the validity or enforceability of such provision in any other
      jurisdiction.

     

    (c) Headings
      used in this Guaranty are for convenience only and shall not be used in
      connection with the interpretation of any provision hereof.

     

    (d) The
      pronouns used herein shall include, when appropriate, either gender and both
      singular and plural, and the grammatical construction of sentences shall conform
      thereto.

     

    (e) Unless
      the context of this Guaranty or any other Transaction Document clearly requires
      otherwise, references to the plural include the singular, references to the
      singular include the plural, the terms “includes” and “including” are not
      limiting, and the term “or” has, except where otherwise indicated, the inclusive
      meaning represented by the phrase “and/or.” The words “hereof,” “herein,”
“hereby,” “hereunder,” and similar terms in this Guaranty or any other
      Transaction Document refer to this Guaranty or such other Transaction Document,
      as the case may be, as a whole and not to any particular provision of this
      Guaranty or such other Transaction Document, as the case may be. Section,
      subsection, clause, schedule, and exhibit references herein are to this Guaranty
      unless otherwise specified. Any reference in this Guaranty or in any other
      Transaction Document to any agreement, instrument, or document shall include
      all
      alterations, amendments, changes, extensions, modifications, renewals,
      replacements, substitutions, joinders, and supplements, thereto and thereof,
      as
      applicable (subject to any restrictions on such alterations, amendments,
      changes, extensions, modifications, renewals, replacements, substitutions,
      joinders, and supplements set forth herein). Any reference herein or in any
      other Transaction Document to the satisfaction or repayment in full of the
      Guaranteed Obligations shall mean the repayment in full in cash of all
      Guaranteed Obligations other than unasserted contingent indemnification
      Guaranteed Obligations. Any reference herein to any Person shall be construed
      to
      include such Person’s successors and assigns. 

     

    (f) This
      Guaranty shall be effective upon delivery to Noteholder, without further act,
      condition or acceptance by Noteholder, shall be binding upon each Guarantor
      and
      the successors and assigns of each Guarantor, and shall inure to the benefit
      of
      Noteholder and its participants, successors and assigns. This Guaranty may
      not
      be waived, modified, amended, terminated, released or otherwise changed except
      by a writing signed by each Guarantor and Noteholder.

     

    14. Notices.
      All
      notices and other communications provided for hereunder shall be given in the
      form and manner, and delivered to such addresses, as specified in the Security
      Agreement.

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    15. Governing
      Law; Jurisdiction; Service of Process; Jury Trial.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Guaranty shall be governed by the internal laws of the State of
      Illinois, without giving effect to any choice of law or conflict of law
      provision or rule (whether of the State of Illinois or any other jurisdictions)
      that would cause the application of the laws of any jurisdictions other than
      the
      State of Illinois. Each Guarantor hereby irrevocably submits to the exclusive
      jurisdiction of the state and federal courts sitting in The City of Chicago,
      Illinois, for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein, and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper; provided, however, that any suit seeking enforcement of this Guaranty
      may be brought, at Noteholder’s option, in the courts of any jurisdiction where
      Noteholder elects to bring such action. Each Guarantor hereby irrevocably waives
      personal service of process and consents to process being served in any such
      suit, action or proceeding by mailing a copy thereof to such party at the
      address for such notices to it under this Guaranty and agrees that such service
      shall constitute good and sufficient service of process and notice thereof.
      Without limitation of the foregoing, each Guarantor hereby irrevocably appoints
      Parent as such Guarantor’s agent for purposes of receiving and accepting any
      service of process hereunder. Nothing contained herein shall be deemed to limit
      in any way any right to serve process in any manner permitted by law.
EACH
      GUARANTOR HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT
      TO
      REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
      CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED
      HEREBY.

     

    [signature
      page follows]

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, this Guaranty has been duly executed by each Guarantor as
      of
      the date set forth above.

    

    
      	 	6FIGUREJOBS.COM,
              INC., a Delaware corporation	 
	 	 	 	 
	 	
              By:

            	 
              	 
	 	
              Name:
                

            	 
              	 
	 	
              Title:

            	 
              	 
	 	 	 	 
	 	
              WORKSTREAM
                USA INC., a Delaware corporation

            	 
	 	 	 	 
	 	
              By:

            	 
              	 
	 	
              Name: 

            	 
              	 
	 	
              Title:

            	 
              	 
	 	 	 	 
	 	
              PAULA
                ALLEN HOLDINGS, INC., a Florida corporation

            	 
	 	 	 	 
	 	
              By:

            	 
              	 
	 	
              Name:
                

            	 
              	 
	 	
              Title:

            	 
              	 
	 	 	 	 
	 	
              THE
                OMNI PARTNERS, INC., a Florida corporation

            	 
	 	 	 	 
	 	
              By:

            	 
              	 
	 	
              Name:
                

            	 
              	 
	 	
              Title:

            	 
              	 
	 	 	 	 
	 	
              WORKSTREAM
                MERGER SUB INC., a Delaware corporation

            	 
	 	 	 	 
	 	
              By:

            	 
              	 
	 	
              Name:
                

            	 
              	 
	 	
              Title:EXHIBIT
      10.2

     

    FORM
      OF INDEMNIFICATION AGREEMENT

    

    THIS
      INDEMNIFICATION AGREEMENT (this “Agreement”) is entered into as of mmm dd, yyyy
      by and between Kings Road Entertainment, Inc., a Delaware corporation (the
      “Corporation”), and XYZ (“Indemnitee”), based on the following:

    

    Premises

    

    A.    The
      Restated Certificate of Incorporation of the Corporation (the “Articles”)
      provides for the limited indemnification of the Corporation’s directors and the
      Bylaws (the “Bylaws”) provides for indemnification of the Corporation’s
      directors and officers to the fullest extent permitted by any applicable and
      controlling Delaware law, statute, rule, decision, or finding (collectively,
      “Delaware Law”) and contemplate that contracts and other arrangements may be
      entered into respecting indemnification of officers and directors.

    

    B.    The
      parties recognize the difficulty in obtaining liability insurance for the
      Corporation’s directors, officers, employees, stockholders, controlling persons,
      agents, and fiduciaries, the significant increases in the cost of such
      insurance, and the general reductions in the coverage of such insurance.
      Furthermore, the parties further recognize the substantial increase in corporate
      litigation in general, subjecting directors, officers, employees, controlling
      persons, stockholders, agents, and fiduciaries to expensive litigation risks
      at
      the same time as the availability and coverage of liability insurance have
      been
      severely limited.

    

    C.    Indemnitee
      does not regard the current protection available under the Articles, Bylaws,
      and
      insurance as adequate under the present circumstances, and Indemnitee and other
      directors, officers, employees, stockholders, controlling persons, agents,
      and
      fiduciaries of the Corporation may not be willing to serve in such capacities
      without additional protection. Moreover, the Corporation (i) desires to
      attract and retain the involvement of highly-qualified persons, such as
      Indemnitee, to serve the Corporation and, in part, in order to induce Indemnitee
      to be involved with the Corporation, (ii) wishes to provide for the
      indemnification and advancing of expenses to Indemnitee to the maximum extent
      permitted by law, and (iii) wishes to assure Indemnitee that there will be
      increased certainty of adequate protection in the future.

    

    D.    In
      addition to any insurance purchased by the Corporation on behalf of Indemnitee,
      it is reasonable, prudent, and necessary for the Corporation to obligate itself
      contractually to indemnify Indemnitee so that he may remain free from undue
      concern that he will not be adequately protected both during his service as
      an
      executive officer and a director of the Corporation and following any
      termination of such service.

    

    E.    This
      Agreement is a supplement to and in furtherance of the Articles and Bylaws
      and
      shall not be deemed a substitute therefor or to abrogate any rights of
      Indemnitee thereunder.

    

    F.    The
      directors of the Corporation have duly approved this Agreement and the
      indemnification provided herein with the express recognition that the
      indemnification arrangements provided herein exceed that which the Corporation
      would be required to provide pursuant to Delaware Law.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the premises and the covenants contained herein,
      the Corporation and Indemnitee do hereby covenant and agree as
      follows:

    

    1.    Definitions.
      As used
      in this Agreement:

    

    (a)    The
      term
“Indemnifiable Matter” means any event, occurrence, status, or condition that
      takes place either prior to or after the execution of this Agreement, including
      any threatened, pending, or completed action, suit, proceeding, or alternative
      dispute resolution activity, whether brought by or in the right of the
      Corporation or otherwise and whether of a civil, criminal, administrative,
      or
      investigative nature, in which Indemnitee was, is, or believes he might be
      involved as a party, witness, or otherwise (except any of the foregoing
      initiated by Indemnitee pursuant to section 15 to enforce Indemnitee’s rights
      under this Agreement): (i) by reason of the fact, in whole or in part, that
      Indemnitee is or was actually or allegedly a director, officer, agent, or
      advisor of the Corporation; (ii) by reason of any action actually or
      allegedly taken by him or of any inaction or omission on his part while acting
      as a director, officer, agent, or advisor of the Corporation; (iii) by
      reason of the registration, offer, sale, purchase, or ownership of any
      securities of the Corporation; (iv) by reason of any duty owed to,
      respecting, or in connection with the Corporation; or (v) by reason of the
      fact, in whole or in part, that he is or was actually or allegedly serving
      at
      the request of the Corporation as a director, officer, employee, agent, or
      advisor of another corporation, partnership, joint venture, trust, limited
      liability company, or other entity or enterprise; in each case, whether or
      not
      he is acting or serving in any such capacity at the time any loss, liability,
      or
      expense is incurred for which indemnification or reimbursement can be provided
      under this Agreement and even though Indemnitee may have ceased to serve in
      such
      capacity. 

    

    (b)    The
      term
“Losses” means (i) any and all losses, claims, damages, expenses,
      liabilities, judgments, fines, penalties, and actions in respect thereof, as
      they are incurred, against Indemnitee in connection with an Indemnifiable
      Matter; (ii) amounts paid by Indemnitee in settlement of an Indemnifiable
      Matter; (iii) any indirect, consequential, or incidental damages suffered
      or incurred by Indemnitee; and (iv) all attorneys’ fees and disbursements,
      accountants’ fees and disbursements, private investigation fees and
      disbursements, retainers, court costs, payments of attachment, appeal, or other
      bonds or security, transcript costs, fees of experts, fees and expenses of
      witnesses, travel expenses, duplicating costs, printing and binding costs,
      telephone charges, postage, delivery service fees, and all other disbursements
      or expenses reasonably incurred by or for Indemnitee in connection with
      prosecuting, defending, preparing to prosecute or defend, investigating,
      appealing, or being or preparing to be a witness in any threatened or pending
      Indemnifiable Matter or establishing Indemnitee’s right or entitlement to
      indemnification for any of the foregoing.

    

    (c)    Reference
      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, agent, or advisor 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.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (d)    The
      term
“Indemnitee” shall include the Indemnitee named in the first paragraph of this
      Agreement and such Indemnitee’s actual or alleged alter egos, spouse, family
      members, and corporations, partnerships, limited liability companies, trusts,
      and other enterprises or entities of any form whatsoever under the control
      of
      any of the foregoing, and the property of all of the foregoing. The term
“control” (including the terms “controlling,” “controlled by,” and “under common
      control with”) means the possession, direct or indirect, of the power to direct
      or cause the direction of the management and policies of a person or entity,
      whether through the ownership of voting securities, by contract, or otherwise,
      as interpreted under the Securities Act of 1933 or the Securities Exchange
      Act
      of 1934 (“Exchange Act”).

    

    (e)    The
      term
“substantiating documentation” shall mean copies of bills or invoices for costs
      incurred by or for Indemnitee, or copies of court or agency orders, decrees,
      or
      settlement agreements, as the case may be, accompanied by a declaration, which
      need not be notarized, from Indemnitee that such bills, invoices, court or
      agency orders, decrees, or settlement agreements represent costs or liabilities
      meeting the definition of “Losses” herein.

    

    (f)    Except
      as
      provided in section 14, the term “Independent Counsel” shall mean an attorney,
      law firm, or member of a law firm, who (or which) is licensed to practice law
      in
      the state of Delaware or such other place in which the Corporation has an
      Office, and is experienced in matters of corporation law and neither presently
      is, nor in the past five years has been, retained to represent (i) the
      Corporation or Indemnitee in any other matter material to either such party;
      or
      (ii) any other party to the Indemnifiable Matter 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. From time to time, the Corporation may
      select and preapprove the names of persons or law firms that it deems qualified
      as Independent Counsel under the foregoing criteria. Further, at the request
      of
      Indemnitee, the Corporation shall review the qualifications and suitability
      under the foregoing criteria of persons or law firms selected by Indemnitee
      and
      preapprove them as Independent Counsel if they meet the foregoing criteria.
      An
      Independent Counsel that has already been preapproved by the board of directors
      may be appointed as Independent Counsel without any further evaluation, so
      long
      as such prospective Independent Counsel continues, as determined by the board
      of
      directors, to remain independent.

    

    (g)    A
“Change
      in Control” shall be deemed to have occurred if (i) any “person” (as such
      term is used in Section 13(d)(3) of the Exchange Act), other than a trustee
      or
      other fiduciary holding securities under an employee benefit plan of the
      Corporation or a corporation owned directly or indirectly by the stockholders
      of
      the Corporation in substantially the same proportions as their ownership of
      stock of the Corporation, (1) that is or becomes the beneficial owner,
      directly or indirectly, of securities of the Corporation representing 20% or
      more of the combined voting power of the Corporation’s then-outstanding voting
      securities, increases its beneficial ownership of such securities by 5% or
      more
      over the percentage so owned by such person, or (2) becomes the “beneficial
      owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
      indirectly, of securities of the Corporation representing more than 30% of
      the
      total voting power represented by the Corporation’s then-outstanding voting
      securities, (ii) during any period of two consecutive years, individuals
      who at the beginning of such period constitute the board of directors of the
      Corporation and any new director whose election by the board of directors or
      combination for election by the Corporation’s stockholders was approved by a
      vote of at least two-thirds 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
      a
      majority thereof, or (iii) the stockholders of the Corporation approve a
      merger or consolidation of the Corporation with any other corporation other
      than
      a merger or consolidation that would result in the voting securities of the
      Corporation outstanding immediately prior thereto continuing to represent
      (either by remaining outstanding or by being converted into voting securities
      of
      the surviving entity) at least two-thirds of the total voting power represented
      by the voting securities of the Corporation or such surviving entity outstanding
      immediately after such merger or consolidation, or the stockholders of the
      Corporation approve a plan of complete liquidation of the Corporation or an
      agreement for the sale or disposition by the Corporation of (in one transaction
      or a series of transactions) all or substantially all of the Corporation’s
      assets.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    2.    Indemnity
      of Indemnitee.
      The
      Corporation hereby agrees to indemnify, protect, defend, and hold harmless
      Indemnitee against any and all Losses incurred by reason of the fact that
      Indemnitee is or was a director, officer, agent, or advisor of the Corporation,
      or is or was serving at the request of the Corporation as a director, officer,
      employee, agent, or advisor of another corporation, partnership, joint venture,
      trust, limited liability company, or other entity or enterprise, to the fullest
      extent permitted by Delaware Law. The termination of any Indemnifiable Matter
      by
      judgment, order of the court, settlement, conviction, or upon a plea of
nolo
      contendere
      or its
      equivalent, shall not, of itself, create a presumption that Indemnitee is not
      entitled to indemnification, and with respect to any criminal proceeding, shall
      not create a presumption that such person believed that his conduct was
      unlawful. The indemnification provided herein shall be applicable whether or
      not
      the breach of any standard of care or duty, including a breach of a fiduciary
      duty, of the Indemnitee is alleged or proven, except as limited by section
      3
      herein. Notwithstanding the foregoing, in the case of any Indemnifiable Matter
      brought by or in the right of the Corporation, Indemnitee shall not be entitled
      to indemnification for any claim, issue, or matter as to which Indemnitee has
      been adjudged by a court of competent jurisdiction, after exhaustion of all
      appeals therefrom, to be liable to the Corporation or for amounts paid in
      settlement to the Corporation unless, and only to the extent that, the court
      in
      which the Indemnifiable Matter was brought or another court of competent
      jurisdiction determines, on application, that in view of all the circumstances,
      the person is fairly and reasonably entitled to indemnity for such expenses
      as
      the court deems proper.

    

    3.    Limit
      on Indemnification.
      Notwithstanding any breach of any standard of care or duty, including breach
      of
      a fiduciary duty, by the Indemnitee, the Corporation shall indemnify Indemnitee
      except when a final adjudication establishes that Indemnitee’s acts or omissions
      involved intentional misconduct, fraud, or a knowing violation of law and were
      material to the cause of action.

    

    4.    Choice
      of Counsel.
      Indemnitee shall be entitled to employ and be reimbursed for the fees and
      disbursements of counsel separate from that chosen by any other person or
      persons whom the Corporation is obligated to indemnify with respect to the
      same
      or any related or similar Indemnifiable Matter.

    

    5.    Losses.
      

    

    (a)    Losses
      (other than judgments, penalties, fines, and settlements) incurred by Indemnitee
      shall be paid by the Corporation, in advance of the final disposition of the
      Indemnifiable Matter, within 10 days after receipt of Indemnitee’s written
      request accompanied by substantiating documentation. 

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (b)    Indemnitee
      hereby undertakes to repay to the Corporation any advances of Losses pursuant
      to
      this Agreement to the extent that it is ultimately determined that Indemnitee
      is
      not entitled to indemnification.

    

    6.    Officer
      and Director Liability Insurance.
      The
      Corporation shall, from time to time, make the good faith determination whether
      or not it is practicable for the Corporation to obtain and maintain a policy
      or
      policies of insurance with reputable insurance companies providing the officers
      and directors of the Corporation with coverage for Losses or to ensure the
      Corporation’s performance of its indemnification obligations under this
      Agreement. Among other considerations, the Corporation will weigh the costs
      of
      obtaining such insurance coverage against the protection afforded by such
      coverage. The Corporation shall consult with and be heard by Indemnitee in
      connection with the Corporation’s actions hereunder. In all policies of director
      and officer liability insurance, (a) Indemnitee shall be named as an
      insured in such a manner as to provide Indemnitee the same rights and benefits
      as are accorded to the most favorably insured of the Corporation’s directors, if
      Indemnitee is a director, or of the Corporation’s officers, if Indemnitee is not
      a director of the Corporation but is an officer; and (b) the policy shall
      provide that it shall not be cancelled or materially modified without 30 days’
prior written notice to Indemnitee. Notwithstanding the foregoing, the
      Corporation shall have no obligation to obtain or maintain such insurance if
      the
      Corporation determines in good faith that such insurance is not reasonably
      available, if the premium costs for such insurance are disproportionate to
      the
      amount of coverage provided, if the coverage provided by such insurance is
      limited by exclusions so as to provide an insufficient benefit, or if Indemnitee
      is covered by similar insurance maintained by a subsidiary or parent of the
      Corporation. 

    

    7.    Other
      Financial Arrangements.
      The
      Corporation may make other financial arrangements acceptable to Indemnitee
      for
      Indemnitee’s benefit and Indemnitee shall be an intended third-party beneficiary
      of any such arrangement, with the right, power, and authority of the Indemnitee
      to sue for, enforce, and collect the same, in the name, place, and stead of
      the
      Corporation or otherwise, for Indemnitee’s benefit. Any such fund or other
      arrangements shall be available to Indemnitee for payment of Losses upon the
      Corporation’s failure, inability, or refusal to pay Losses incurred by the
      Indemnitee.

    

    8.    Right
      of Indemnitee to Indemnification upon Application; Selection of Independent
      Counsel; Procedure upon Application.
      

    

    (a)    Any
      application for indemnification under this Agreement, other than when Losses
      are
      paid in advance of any final disposition pursuant to section 5 hereof, shall
      be
      submitted to the board of directors. If a quorum of the board of directors
      were
      not parties to the action, suit, proceeding, or other matter, a majority of
      the
      directors who were not parties to the action, suit, proceeding, or other matter
      may determine whether indemnification of the applicant is not prohibited by
      law
      or may have such determination made by Independent Counsel in a written
      decision. If a quorum of the board directors who were not parties to the action
      cannot be obtained, the board of directors shall have such determination made
      by
      Independent Counsel in a written decision. Notwithstanding the foregoing,
      however, the board of directors may under any circumstances submit the
      determination of whether indemnification is proper in the circumstances to
      the
      stockholders. The board of directors shall respond to a request for
      indemnification or initiate the process of submitting the determination to
      the
      stockholders within 45 days after receipt by the Corporation of the written
      application for indemnification.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b)    If
      required, 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 Independent Counsel so selected. Indemnitee may, within seven days
      after such written notice of selection shall have been given, deliver to the
      Corporation a written objection to such selection. Such objection may be
      asserted only on the ground that Independent Counsel so selected does not meet
      the requirements of “Independent Counsel,” as defined in section 1, and the
      objection shall set forth with particularity the factual basis of such
      assertion. If such written objection is made, 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 objection to the Independent Counsel selected, the
      Corporation has failed to identify a replacement Independent Counsel, the
      Indemnitee may petition any court of competent jurisdiction for resolution
      of
      any objection that shall have been made by Indemnitee to the Corporation’s
      selection of Independent Counsel and for appointment as Independent Counsel
      of a
      person selected by such court or by such other person as such 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. The Corporation shall
      pay any and all reasonable fees and expenses of Independent Counsel incurred
      by
      such Independent Counsel in connection with its fees and expenses incident
      to
      the procedures of this section 8 regardless of the manner in which such
      Independent Counsel was selected or appointed. 

    

    (c)    The
      right
      to indemnification or advances as provided by this Agreement shall be
      enforceable by Indemnitee in any court of competent jurisdiction. The burden
      of
      proving that indemnification is not appropriate shall be on the Corporation.
      Neither the failure of the Corporation (including its board of directors or
      Independent Counsel) to have made a determination prior to the commencement
      of
      such action that indemnification is proper in the circumstances, nor an actual
      determination by the Corporation (including its board of directors or
      Independent Counsel) that indemnification is not proper in the circumstances,
      shall be a defense to the action, suit, proceeding, or other matter or create
      a
      presumption that indemnification is not proper in the
      circumstances.

    

    9.    Notice
      to Insurers.
      If at
      the time of the receipt of an application for indemnification pursuant to
      section 2 hereof or a request for advances of Losses pursuant to section 5
      hereof, the Corporation has director and officer liability insurance in effect,
      the Corporation shall give prompt notice of the commencement of such
      Indemnifiable Matter to the insurers in accordance with the procedures set
      forth
      in the respective policies. The Corporation shall thereafter take all necessary
      or desirable actions to cause such insurers to pay, on behalf of the Indemnitee,
      all amounts payable as a result of such Indemnifiable Matter in accordance
      with
      the terms of such policies.

    

    10.    Indemnification
      Hereunder Not Exclusive.
      The
      indemnification and advancement of Losses provided by this Agreement shall
      not
      be deemed exclusive of any other rights to which Indemnitee may be entitled
      under the Articles or Bylaws, Delaware Law, any policy or policies of directors’
and officers’ liability insurance, any other agreement, any vote of stockholders
      or disinterested directors, or otherwise, both as to action in his official
      capacity and as to action in another capacity while holding such office
      (together, “Other Indemnification”). However, Indemnitee shall reimburse the
      Corporation for amounts paid to him under Other Indemnification and not under
      this Agreement in an amount equal to any payments received pursuant to such
      Other Indemnification, to the extent such payments duplicate any payments
      received pursuant to this Agreement.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    11.    Continuation
      of Indemnity.
      All
      agreements and obligations of the Corporation contained herein shall continue
      during the period Indemnitee is a director, officer, employee, agent, or advisor
      of the Corporation (or is or was serving at the request of the Corporation
      as a
      director, officer, employee, agent, or advisor of another corporation,
      partnership, joint venture, trust, limited liability company, or other
      enterprise) and shall continue thereafter so long as Indemnitee shall be subject
      to any possible Indemnifiable Matter.

    

    12.    Partial
      Indemnification.
      If
      Indemnitee is entitled under any provision of this Agreement to indemnification
      by the Corporation for some or a portion of Losses, but not, however, for the
      total amount thereof, the Corporation shall nevertheless indemnify Indemnitee
      for the portion of such Losses to which Indemnitee is entitled.

    

    13.    Settlement
      of Claims.
      The
      Corporation shall not be liable to indemnify Indemnitee under this Agreement
      for
      any amounts paid in settlement of any Indemnifiable Matter effected without
      the
      Corporation’s written consent. The Corporation shall not settle any
      Indemnifiable Matter in any manner that would impose any penalty or limitation
      on Indemnitee’s rights under this Agreement without Indemnitee’s written
      consent. Neither the Corporation nor Indemnitee will unreasonably withhold
      its
      consent to any proposed settlement. The Corporation shall not be liable to
      indemnify Indemnitee under this Agreement with regard to any judicial award
      if
      the Corporation was not given a reasonable and timely opportunity, at its
      expense, to participate in the defense of such action.

    

    14.    Change
      in Control.
      The
      Corporation agrees that if there is a Change in Control of the Corporation
      (other than a Change in Control that has been approved by a majority of the
      Corporation’s board of directors who were directors immediately prior to such
      Change in Control), then, with respect to all matters thereafter arising
      concerning the rights of Indemnitee to payments of Losses under this Agreement
      or any other agreement, or under the Articles or Bylaws as now or hereafter
      in
      effect, independent counsel shall be selected by the Indemnitee and approved
      by
      the Corporation (which approval shall not be unreasonably withheld). Such
      counsel, among other things, shall render its written opinion to the Corporation
      and Indemnitee as to whether and to what extent Indemnitee would be permitted
      to
      be indemnified under Delaware Law as determined in accordance with section
      16(d). The Corporation agrees to abide by such opinion and to pay the reasonable
      fees of the independent counsel referred to above and to fully indemnify such
      counsel against any and all expenses (including attorneys’ fees), claims,
      liabilities, and damages arising out of or relating to this Agreement or its
      engagement pursuant hereto.

    

    15.    Enforcement.

    

    (a)    The
      Corporation expressly confirms and agrees that it has entered into this
      Agreement and assumed the obligations imposed on the Corporation hereby in
      order
      to induce Indemnitee to serve as a director or officer of the Corporation,
      and
      acknowledges that Indemnitee is relying upon this Agreement in continuing as
      a
      director or officer. The Corporation shall be precluded from asserting in any
      action commenced pursuant to this section 15 that the procedures and
      presumptions in this section are not valid, binding, and enforceable and shall
      stipulate in any such judicial proceedings that the Corporation is bound by
      all
      of the provisions of this Agreement.

    

    (b)    In
      any
      action commenced pursuant to this section 15, Indemnitee shall be presumed
      to be
      entitled to indemnification and advancement of Losses in accordance with section
      5 under this Agreement, as the case may be, and the Corporation shall have
      the
      burden of proof in overcoming such presumption and must show by clear and
      convincing evidence that Indemnitee is not entitled to indemnification or
      advancement of Losses, as the case may be.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (c)    The
      execution of this Agreement shall constitute the Corporation’s stipulation by
      which it shall be irrevocably bound in any action by Indemnitee for enforcement
      of Indemnitee’s rights hereunder that the Corporation’s obligations set forth in
      this Agreement are unique and special, and that failure of the Corporation
      to
      comply with the provisions of this Agreement will cause irreparable and
      immediate injury to Indemnitee, for which a remedy at law will be inadequate.
      As
      a result, in addition to any other right or remedy Indemnitee may have at law
      or
      in equity respecting a breach of this Agreement, Indemnitee shall be entitled
      to
      injunctive or mandatory relief directing specific performance by the Corporation
      of its obligations under this Agreement.

    

    (d)    In
      the
      event that Indemnitee shall deem it necessary or desirable to retain legal
      counsel and/or incur other costs and expenses in connection with the
      interpretation or enforcement of any or all of Indemnitee’s rights under this
      Agreement, Indemnitee shall be entitled to recover from the Corporation, and
      the
      Corporation shall indemnify Indemnitee against, any and all fees, costs, and
      expenses (of the types described in the definition of Losses in section 1(b))
      incurred by Indemnitee in connection with the interpretation or enforcement
      of
      said rights. The Corporation shall make payment to the Indemnitee at the time
      such fees, costs, and expenses are incurred by Indemnitee. If, however, the
      Indemnitee does not prevail in such action under this section 15, Indemnitee
      shall repay any and all such amounts to the Corporation. If it shall be
      determined in an action pursuant to this section 15 that Indemnitee is entitled
      to receive part but not all of the indemnification or advancement of fees,
      costs, and expenses or other benefit sought, the expenses incurred by Indemnitee
      in connection with an action pursuant to this section 15 shall be equitably
      allocated between the Corporation and Indemnitee. Notwithstanding the foregoing,
      if a Change in Control shall have occurred, Indemnitee shall be entitled to
      indemnification under this section 15 regardless of whether Indemnitee
      ultimately prevails in such judicial adjudication or arbitration. This section
      15(d) is not subject to the provisions of section 8.

    

    16.    Governing
      Law; Binding Effect; Amendment and Termination; Construction.

    

    (a)    This
      Agreement shall be interpreted and enforced in accordance with Delaware
      Law.

    

    (b)    This
      Agreement shall be binding upon the Corporation, its successors and assigns,
      and
      shall inure to the benefit of Indemnitee, such Indemnitee’s actual or alleged
      alter egos, spouse, family members, and corporations, partnerships, limited
      liability companies, trusts, and other enterprises or entities of any form
      whatsoever under the control of any of the foregoing, the property of all of
      the
      foregoing, and the successors and assigns of all of the foregoing.

    

    (c)    No
      amendment, modification, termination, or cancellation of this Agreement shall
      be
      effective unless in writing signed by the Corporation and
      Indemnitee.

    

    (d)    This
      Agreement shall be construed liberally in favor of the Indemnitee to the fullest
      extent possible under Delaware Law, even if such indemnification is not
      specifically authorized by this Agreement or any other agreement, the Articles
      or Bylaws, or by Delaware Law. In the event Delaware Law is changed after the
      date of this Agreement, through statutory amendment, judicial interpretation,
      administrative regulations, or otherwise, to allow additional indemnification
      or
      to remove or restrict current limitations on indemnification, this Agreement
      shall be deemed to be amended and reformed so that Indemnitee shall enjoy by
      this Agreement the greater benefits of such change. In the event of any change
      in Delaware Law that narrows or restricts the right of a Delaware corporation
      to
      indemnify Indemnitee, such change, to the extent not otherwise required by
      Delaware Law to be applied to Indemnitee in the relevant circumstances, shall
      have no effect on this Agreement or the rights and obligations of the parties
      hereunder. 

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    17.    Mutual
      Acknowledgement.
      Both
      the Corporation and Indemnitee acknowledge that in certain instances, federal
      law or applicable public policy may prohibit the Corporation from indemnifying
      its directors and officers under this Agreement or otherwise. Indemnitee
      understands and acknowledges that the Corporation may be required in the future
      to undertake with the Securities and Exchange Commission to submit the question
      of indemnification to a court in certain circumstances for a determination
      of
      the Corporation’s right under public policy to indemnify
      Indemnitee.

    

    18.    Severability.
      If any
      provision of this Agreement shall be held to be invalid, illegal, or
      unenforceable: 

    

    (a)    the
      validity, legality, and enforceability of the remaining provisions of this
      Agreement shall not be in any way affected or impaired thereby; and

    

    (b)    to
      the
      fullest extent possible, the provisions of this Agreement shall be construed
      so
      as to give effect to the intent manifested by the provision held invalid,
      illegal, or unenforceable.

    

    Each
      section of this Agreement is a separate and independent portion of this
      Agreement. If the indemnification to which Indemnitee is entitled as respects
      any aspect of any claim varies between two or more sections of this Agreement,
      that section providing the most comprehensive indemnification shall
      apply.

    

    19.    Notice.
      Any
      notice, demand, request, or other communication permitted or required under
      this
      Agreement shall be in writing and shall be deemed to have been given as of
      the
      date so delivered, if personally served; as of the date so sent, if transmitted
      by facsimile and receipt is confirmed by the facsimile operator of the
      recipient; as of the date so sent, if sent by electronic mail and receipt is
      acknowledged by the recipient; one day after the date so sent, if delivered
      by
      overnight courier service; or three days after the date so mailed, if mailed
      by
      certified mail, return receipt requested, addressed as follows:

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
            	If
              to the Corporation:	
              Kings
                Road Entertainment, Inc.

            

    

    468
      N.
      Camden Drive

    Beverly
      Hills, California 90210

    Facsimile:
      (310) 278-9974

    E-mail:
      info@kingsroadentertainment.net

    

    
      	
            	If
              to Indemnitee, to:	
              xyz

            

    

    

    

    Email:
      xyz

    

    

    

    or
      such
      other addresses, facsimile numbers, or electronic mail address as shall be
      furnished in writing by any party in the manner for giving notices
      hereunder.

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first above written to be effective as of the Effective
      Date.

     

    
      	 	 	Corporation:
	 	 	 
	 	 	KINGS
              ROAD
              ENTERTAINMENT, INC.
	 
 	 
 	 
 
	 	 	 
	 	
              
By:

	 	Its:
              President & CEO

       

      
        	 	 	Indemnitee:
	 
 	 
 	 
 
	 	 	 
	 	
                
By:
                xyz

      

       

      
        
          
          

        

        
          10

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