Document:

Exhibit 10.3

 

June 13, 2021

 

Julio Rodriguez

At the Address on File with the Company

 

 

Dear Julio:

 

 

The purpose of this letter is
to confirm the termination of your employment with Lordstown Motors Corp. (the “Company”) as described below.
The Company appreciates and thanks you for your service to the Company.

 

1.   
Termination of Employment

 

Your employment with the Company
is hereby terminated, effective immediately (the “Termination Date”). Effective as of the date hereof, you shall
no longer hold the position of Chief Financial Officer of the Company and you shall be terminated from all other positions you hold as
a director, officer or employee of the Company or any subsidiary or affiliate thereof. We will inform you if any other documentation is
necessary to properly effectuate such termination, and you agree to cooperate reasonably and promptly in executing and delivering it at
our request.

 

2.   
Payments and Benefits on Termination of Employment; Conditions to Payments and Benefits

 

Without prejudice to any rights
or claims the Company may have to the contrary under the Employment Agreement between you and the Company, dated September 1, 2019, as
amended on July 31, 2020 (the “Employment Agreement”) or otherwise, all of which are hereby reserved, the Company
is willing to offer you, in connection with your termination of employment: (i) an amount equal to $200,000, which will be paid in six
equal installments each month during the six-month period following the Termination Date in accordance with the Company’s customary
policies and normal payroll practices, and (ii) continued vesting of the Company stock options granted to you with an exercise price per
share equal to $1.79, which are scheduled to vest in full on November 1, 2021, in each case, conditioned upon and subject to your execution
and non-revocation of a general release and waiver of claims in the form set forth on Exhibit A hereto (the “Release”)
and compliance with all other terms and conditions of the Release and the Employment Agreement. You will also receive the Minimum Payments
(as defined in the Employment Agreement) and any payments or benefits to which you may be entitled under the express terms of any executive
benefit plan or as required by law.

 

3.   
Restrictive Covenants

 

You hereby affirm that the confidentiality,
documents and property, non-competition, non-solicitation and non-disparagement obligations set forth in Section 5 of the Employment Agreement
will continue to apply following the termination of your employment in accordance with their terms.

 

     

     

    

 

4.   
No Other Benefits

 

You acknowledge and agree that,
except as set forth in Section 2 of this letter, you are not entitled to any severance or other payments or benefits under the Employment
Agreement or otherwise in connection with your termination of employment with the Company.

 

5.   
No Reliance

 

You acknowledge that you have
been advised to consult with, and have consulted with, an attorney of your choice before signing this letter. You further acknowledge
that you have fully read this letter, understand its contents and agree to its terms and conditions of your own free will, knowingly and
voluntarily, and without any duress or coercion.

 

6.   
Miscellaneous

 

This letter will be governed
by and construed in accordance with the laws of the State of Ohio, without reference to principles of conflicts of law. The parties agree
that venue is proper in Ohio.

 

* * *

 

     

     

    

 

If you agree that this letter
correctly memorializes our understandings, please sign and return this letter, which will become a binding agreement on our receipt. We
wish you success in your future endeavors.

 

	 	Sincerely,
	 	 
	 	LORDSTOWN MOTORS CORP.
	 	 
	 	By:	 /s/ Rich Schmidt
	 	 	Name: 	Rich Schmidt
	 	 	Title:	President

 

Accepted and Agreed:

 

	/s/
    Julio Rodriguez	 

Julio Rodriguez

 

Date: June 13, 2021

  

     

     

    

 

EXHIBIT A

 

General
Release AND WAIVER OF CLAIMS (this “Release”), by Julio Rodriguez
(“Employee”) in favor of Lordstown Motors Corp. and its subsidiaries (collectively, the “Company”),
affiliates, stockholders, beneficial owners of its stock, its current or former officers, directors, employees, members, attorneys and
agents, and their predecessors, successors and assigns, individually and in their official capacities (together, the “Released
Parties”).

 

WHEREAS, Employee has been employed
as Chief Financial Officer; 

 

WHEREAS,
Employee’s employment with the Company was terminated, effective as of June 13, 2021 (the “Termination Date”);
and

 

WHEREAS, Employee is seeking
certain payments under Section 2 of the Separation and Release Agreement, dated June 13, 2021 (the “Separation Agreement”),
that are conditioned on the effectiveness of this Release.

 

NOW, THEREFORE, in consideration
of the covenants and agreements hereinafter set forth, the parties agree as follows:

 

1.           
General Release. Employee knowingly and voluntarily waives, terminates, cancels, releases and discharges forever the Released Parties
from any and all suits, actions, causes of action, claims, allegations, rights, obligations, liabilities, demands, entitlements or charges
(collectively, “Claims”) that Employee (or Employee’s heirs, executors, administrators, successors and assigns)
has or may have, whether known, unknown or unforeseen, vested or contingent, by reason of any matter, cause or thing occurring at any
time before and including the date of this Release, including all claims arising under or in connection with Employee’s employment
or termination of employment with the Company, including, without limitation: Claims under United States federal, state or local law and
the national or local law of any foreign country (statutory or decisional), for wrongful, abusive, constructive or unlawful discharge
or dismissal, for breach of any contract, or for discrimination based upon race, color, ethnicity, sex, age, national origin, religion,
disability, sexual orientation, or any other unlawful criterion or circumstance, including rights or Claims under the Age Discrimination
in Employment Act of 1967 (“ADEA”), the Older Workers Benefit Protection Act of 1990 (“OWBPA”),
violations of the Equal Pay Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans with Disabilities
Act of 1991, the Employee Retirement Income Security Act of 1974 (“ERISA”), the Fair Labor Standards Act, the Worker
Adjustment Retraining and Notification Act, the Family Medical Leave Act, including all amendments to any of the aforementioned acts;
and violations of any other federal, state, or municipal fair employment statutes or laws, including, without limitation, violations of
any other law, rule, regulation, or ordinance pertaining to employment, wages, compensation, hours worked, or any other Claims for compensation
or bonuses, whether or not paid under any compensation plan or arrangement; breach of contract; tort and other common law Claims; defamation;
libel; slander; impairment of economic opportunity defamation; sexual harassment; retaliation; attorneys’ fees; emotional distress;
intentional infliction of emotional distress; assault; battery, pain and suffering; and punitive or exemplary damages (the “Released
Matters”). In addition, in consideration of the provisions of this Release, Employee further agrees to waive any and all rights
under the laws of any jurisdiction in the United States, or any other country, that limit a general release to those Claims that are known or suspected to exist in
Employee’s favor as of the Effective Date (as defined below).

 

     

     

    

  

2.           
Surviving Claims. Notwithstanding anything herein to the contrary, this Release shall not:

 

		(i)	release any Claims for payment of amounts payable under Section 2 of the Separation Agreement;

 

		(ii)	release any Claim for employee benefits under plans covered by ERISA to the extent any such Claim may
not lawfully be waived or for any payments or benefits under any Company plans that have vested according to the terms of those plans;

 

		(iii)	release any Claim that may not lawfully be waived;

 

		(iv)	release any Claim for indemnification and D&O insurance in accordance with applicable laws and the
corporate governance documents of the Company; or

 

		(v)	limit Employee’s rights under applicable law to provide truthful information to any governmental
entity or to file a charge with or participate in an investigation conducted by any governmental entity. Notwithstanding the foregoing,
Employee agrees to waive Employee’s right to recover monetary damages in connection with any charge, complaint or lawsuit filed
by Employee or anyone else on Employee’s behalf (whether involving a governmental entity or not); provided that Employee is not
agreeing to waive, and this Release shall not be read as requiring Employee to waive, any right Employee may have to receive an award
for information provided to any governmental entity.

 

3.           
Additional Representations. Employee further represents and warrants that Employee has not filed any civil action, suit, arbitration,
administrative charge, or legal proceeding against any Released Party nor, has Employee assigned, pledged, or hypothecated as of the Effective
Date any Claim to any person and no other person has an interest in the Claims that he is releasing.

 

4.           
Acknowledgements by Employee. Employee acknowledges and agrees that Employee has read this Release in its entirety and that this
Release is a general release of all known and unknown Claims. Employee further acknowledges and agrees that:

 

		(i)	this Release does not release, waive or discharge any rights or Claims that may arise for actions or omissions
after the Effective Date of this Release and Employee acknowledges that he is not releasing, waiving or discharging any ADEA Claims that
may arise after the Effective Date of this Release;

 

		(ii)	Employee is entering into this Release and releasing, waiving and discharging rights or Claims only in
exchange for consideration which he is not already entitled to receive;

 

     

     

    

 

		(iii)	Employee has been advised, and is being advised by the Release, to consult with an attorney before executing
this Release; Employee acknowledges that he has consulted with counsel of his choice concerning the terms and conditions of this Release;

 

		(iv)	Employee has been advised, and is being advised by this Release, that he has been given at least twenty-one
(21) days within which to consider the Release, but Employee can execute this Release at any time prior to the expiration of such review
period; and

 

		(v)	Employee is aware that this Release shall become null and void if he revokes his agreement to this Release
within seven (7) days following the date of execution of this Release. Employee may revoke this Release at any time during such seven-day
period by delivering (or causing to be delivered) to the Company written notice of his revocation of this Release no later than 5:00 p.m.
Eastern time on the seventh (7th) full day following the date of execution of this Release (the “Effective Date”).
Employee agrees and acknowledges that a letter of revocation that is not received by such date and time will be invalid and will not revoke
this Release.

 

5.           
Cooperation with Investigations and Litigation. Employee agrees, upon the Company’s request, to reasonably cooperate with
the Company in any investigation, litigation, arbitration or regulatory proceeding regarding events that occurred during Employee’s
tenure with the Company or its affiliate, including making himself or herself reasonably available to consult with Company’s counsel,
to provide information and to give testimony. Company will reimburse Employee for reasonable out-of-pocket expenses Employee incurs in
extending such cooperation, so long as Employee provides advance written notice of Employee’s request for reimbursement and provides
satisfactory documentation of the expenses. Nothing in this section is intended to, and shall not, restrict or limit Employee from exercising
his or her protected rights in Sections 2 or 4 hereof or restrict or limit Employee from providing truthful information in response to
a subpoena, other legal process or valid governmental inquiry.

 

6.           
Governing Law. To the extent not subject to federal law, this Release will be governed by and construed in accordance with the
law of the State of Ohio applicable to contracts made and to be performed entirely within that state.

 

7.           
Severability. If any provision of this Release should be declared to be unenforceable by any administrative agency or court of
law, then remainder of the Release shall remain in full force and effect.

 

8.           
Captions; Section Headings. Captions and section headings used herein are for convenience only and are not a part of this Release
and shall not be used in construing it.

 

9.           
Counterparts; Facsimile Signatures. This Release may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original instrument without the production of any other counterpart. Any signature on this Release, delivered
by either party by photographic, facsimile or PDF shall be deemed to be an original signature thereto.

 

     

     

    

 

IN WITNESS WHEREOF, Employee has signed this Release
on _____________, 2021.

 

____________________________Exhibit 10.1

 

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”) is entered into as of __________, by and between RadNet, Inc., a Delaware
corporation (the “Company”), and __________ (the “Indemnitee”) and shall be deemed effective upon
the earliest date that the Indemnitee is duly elected or appointed as a director or officer of the Company, with respect to the following
facts:

 

A.
       The Company desires to attract and retain the services of highly qualified individuals, such
as Indemnitee, to serve as directors of the Company or executive management of the Company, and believes that the Company should act
to assure such persons that there shall be adequate certainty of protection through indemnification against risks of claims and actions
against them arising out of their service to and activities on behalf of the Company.

 

B.       The
Company has adopted provisions in its Certificate of Incorporation and Bylaws providing for indemnification and advancement of expenses
of its directors and officers to the fullest extent authorized by the General Corporation Law of the State of Delaware (the “DGCL”),
and the Company wishes to clarify and enhance the rights and obligations of the Company and the Indemnitee with respect to indemnification
and advancement of expenses.

 

C.       The
Company desires to have the Indemnitee serve or continue to serve as a director or officer of the Company and in any other capacity with
respect to the Company as the Company may request, as the case may be, free from undue concern for unpredictable, inappropriate, or unreasonable
legal risks and personal liabilities by reason of the Indemnitee acting in good faith in the performance of the Indemnitee’s duty
to the Company, and the Indemnitee desires to continue so to serve the Company, provided, and on the express condition, that he or she
is furnished with the protections set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing, and intending to be legally bound, the parties hereto (the “Parties”)
agree as follows:

 

Section 1.            
Definitions. For purposes of this Agreement:

 

(a)            
A “Change in Control” will be deemed to have occurred if, with respect to any particular 24-month period, the individuals
who, at the beginning of such 24-month period, constituted the Board of Directors of the Company cease for any reason to constitute at
least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to the beginning of
such 24-month period whose election, or nomination for election by the stockholders of the Company, was approved by a vote of at least
a majority of the directors then comprising the incumbent Board of Directors shall be considered as though such individual were a member
of the incumbent Board of Directors, but excluding, for this purpose, any such individual whose initial assumption of office occurs as
a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a person other than the Board of Directors.

 

(b)            
“Corporate Status” means the fact that the Indemnitee is or was a director, officer, employee, agent, or trustee of
the Company or while a director, officer, employee, agent, or trustee of the Company is or was serving at the request of the Company
as a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture, trust, or other enterprise,
including service with respect to an employee benefit plan.

 

(c)            
“Disinterested Director” means a director of the Company who is not or was not a party to the Proceeding in respect
of which indemnification is being sought by the Indemnitee.

 

 

 

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(d)            
“Expenses” includes, without limitation, expenses incurred in connection with the defense or settlement of any action,
suit, arbitration, alternative dispute resolution mechanism, inquiry, judicial, administrative, or legislative hearing, investigation,
or any other threatened, pending, or completed proceeding, whether brought by or in the right of the Company or otherwise, including
any and all appeals, whether of a civil, criminal, administrative, legislative, investigative, or other nature, attorneys’ fees,
witness fees and expenses, fees and expenses of accountants and other advisors, retainers and disbursements and advances thereon, the
premium, security for, and other costs relating to any bond (including cost bonds, appraisal bonds, or their equivalents), and any expenses
of establishing a right to indemnification or advancement under this Agreement, but shall not include the amount of judgments, fines,
ERISA excise taxes, or penalties actually levied against the Indemnitee, or any amounts paid in settlement by or on behalf of the Indemnitee.

 

(e)            
“Independent Counsel” means a law firm or a member of a law firm that neither is presently nor in the past five years
has been retained to represent (i) the Company or the Indemnitee in any matter material to either such party or (ii) any other party
to the Proceeding giving rise to a request for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or the Indemnitee in an action to determine the Indemnitee’s right to indemnification
under this Agreement.

 

(f)              
“Proceeding” means any action, suit, arbitration, alternative dispute resolution mechanism, inquiry, judicial, administrative,
or legislative hearing, investigation, or any other threatened, pending, or completed proceeding, whether brought by or in the right
of the Company or otherwise, including any and all appeals, whether of a civil, criminal, administrative, legislative, investigative,
or other nature, to which the Indemnitee was or is a party or is threatened to be made a party or is otherwise involved in by reason
of the Indemnitee’s Corporate Status, or by reason of anything done or not done by the Indemnitee in any such capacity, whether
or not the Indemnitee is serving in such capacity at the time any expense, liability, or loss is incurred for which indemnification or
advancement can be provided under this Agreement.

 

Section 2.            
Indemnification. Subject to the terms and conditions of this Agreement, the Company shall indemnify the Indemnitee as set forth
herein:

 

(a)            
General. The Company shall indemnify and hold harmless the Indemnitee, and shall pay to the Indemnitee in advance of the final
disposition of any Proceeding all Expenses incurred by the Indemnitee in defending any such Proceeding, to the fullest extent authorized
by the DGCL, as the same exists or may hereafter be amended, all on the terms and conditions set forth in this Agreement.

 

(b)            
Third Party Claims. The Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee
was or is a party or is threatened to be made a party to, or was or is otherwise involved in, any Proceeding (other than an action by
or in the right of the Company) by reason of the Indemnitee’s Corporate Status, or by reason of anything done or not done by the
Indemnitee in any such capacity. Pursuant to this Section, the Indemnitee shall be indemnified against all expense, liability, and loss
(including judgments, fines, ERISA excise taxes or penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses)
actually and reasonably incurred by the Indemnitee, or on behalf of the Indemnitee, in connection with such Proceeding, if the Indemnitee
acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company,
and with respect to any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful.

 

(c)            
Derivative Claims. The Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee was
or is a party or is threatened to be made a party to, or was or is otherwise involved in, any Proceeding brought by or in the right of
the Company to procure a judgment in its favor by reason of the Indemnitee’s Corporate Status, or by reason of anything done or
not done by the Indemnitee in any such capacity. Pursuant to this Section, the Indemnitee shall be indemnified against all Expenses actually
and reasonably incurred by the Indemnitee, or on behalf of the Indemnitee, in connection with such Proceeding if the Indemnitee acted
in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided,
however, that no such indemnification shall be made in respect of any claim, issue, or matter as to which the DGCL expressly prohibits
such indemnification by reason of any adjudication of liability of the Indemnitee to the Company, unless and only to the extent that
the Court of Chancery of the State of Delaware or the 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, the Indemnitee is entitled to indemnification
for such expense, liability, and loss as such court shall deem proper.

 

 

 

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(d)            
Successful Defense. Notwithstanding any limitations of Sections 2(b) and (c) above, to the extent that the Indemnitee has been
successful, on the merits or otherwise, in whole or in part, in defense of any Proceeding, or in defense of any claim, issue, or matter
therein, including, without limitation, the dismissal of any action without prejudice, or if it is ultimately determined, by final judicial
decision of a court of competent jurisdiction from which there is no further right to appeal, that the Indemnitee is otherwise entitled
to be indemnified against Expenses, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the
Indemnitee in connection therewith. For purposes of this Section 2(d) and without limitation, the termination of any claim, issue
or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue
or matter.

 

(e)            
Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement
to indemnification by the Company for some or a portion of the expense, liability, and loss (including judgments, fines, ERISA excise
taxes or penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses) actually and reasonably incurred in connection
with any Proceeding, or in connection with any judicial proceeding pursuant to Section 4 to enforce rights under this Agreement,
but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such
expense, liability, and loss actually and reasonably incurred to which the Indemnitee is entitled.

 

(f)              
Witness Expenses. To the extent that Indemnitee is, by reason of the Indemnitee’s
Corporate Status a witness in any to any threatened, pending or completed action or suit
to which Indemnitee is not a party, he or she shall be indemnified against all Expenses incurred
by Indemnitee or on his or her behalf in connection therewith.

 

Section 3.            
Determination of Eligibility for Indemnification.

 

(a)            
Request for Indemnification. To receive indemnification under this Agreement, the Indemnitee shall submit a written request to
the Secretary of the Company. Notwithstanding the foregoing, any failure of the Indemnitee to provide such a request to the Company,
or to provide such a request in a timely fashion, shall not relieve the Company of any liability that it may have to the Indemnitee unless,
and to the extent that, such failure actually and materially prejudices the interests of the Company.

 

(b)            
Responsibility for Determination. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification,
advise the Board of Directors in writing that the Indemnitee has requested indemnification. The determination of whether the Indemnitee’s
entitlement to indemnification, to the extent not provided pursuant to the terms of this Agreement, shall be determined by the following
person or persons who shall be empowered to make such determination (as selected by the Board of Directors, except with respect to clause
(v) below): (i) the Board of Directors by a majority vote of Disinterested Directors, whether or not such majority constitutes a quorum;
(ii) a committee of Disinterested Directors designated by a majority vote of such directors, whether or not such majority constitutes
a quorum; (iii) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel in a written
opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee; (iv) the stockholders of the Company; or (v)
in the event that a Change in Control has occurred, at the option of the Indemnitee, by Independent Counsel in a written opinion to the
Board of Directors, a copy of which shall be delivered to the Indemnitee. Such Independent Counsel shall be selected by the Board of
Directors and approved by the Indemnitee, except that in the event that a Change in Control has occurred, Independent Counsel shall be
selected by the Indemnitee. Upon failure of the Board of Directors so to select such Independent Counsel or upon failure of the Indemnitee
so to approve (or so to select, in the event a Change in Control has occurred), such Independent Counsel shall be selected upon application
to a court of competent jurisdiction.

 

(c)            
Procedure for Determination. The determination of entitlement to indemnification shall be made and, unless a contrary determination
is made, such indemnification shall be paid in full by the Company not later than the earlier of (i) 60 calendar days after receipt by
the Secretary of the Company of a written request for indemnification and (ii) 10 calendar days after determination has been made that
the Indemnitee is entitled to indemnification pursuant to Section 3 of this Agreement. If the person making such determination shall
determine that the Indemnitee is entitled to indemnification as to part (but not all) of the application for indemnification, such person
shall reasonably prorate such partial indemnification among the claims, issues, or matters at issue at the time of the determination.
The Indemnitee shall cooperate with the person, persons or entity making such determination with respect to the 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 the Indemnitee and reasonably necessary
to such determination. Any costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by the Indemnitee
in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination
as to the Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold the Indemnitee harmless
therefrom.

 

 

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(d)            
Presumptions. The Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden
of proof in making any determination contrary to such presumption. If the person or persons so empowered to make such determination shall
have failed to make the requested determination with respect to indemnification within 60 calendar days after receipt by the Secretary
of the Company of such request, a requisite determination of entitlement to indemnification shall be deemed to have been made and the
Indemnitee shall be absolutely entitled to such indemnification, absent actual fraud in the request for indemnification. Neither the
failure of the Company (including by its Directors or independent legal counsel) to have made a determination prior to the commencement
of any action pursuant to this Agreement that indemnification is proper in the circumstances because such Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its Directors or independent legal counsel) that such Indemnitee
has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that such Indemnitee has not
met the applicable standard of conduct. The termination of any action, suit or proceeding by judgment, order, settlement, conviction,
or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not act
in good faith and in a manner which the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company,
and, with respect to any criminal action or proceeding, had reasonable cause to believe that the Indemnitee’s conduct was unlawful.

 

Section 4.            
Adjudication of Entitlement.

 

(a)            
Request for Adjudication. In the event that a determination is made that the Indemnitee is not entitled to indemnification hereunder
or if payment is not timely made following a determination of entitlement to indemnification pursuant to Section 3, or if an advancement
of Expenses is not timely made pursuant to Section 6, the Indemnitee may at any time thereafter bring suit against the Company seeking
an adjudication of entitlement to such indemnification or advancement of Expenses, and any such suit shall be brought in the Court of
Chancery of the State of Delaware unless, if the Indemnitee is an employee of the Company, otherwise required by the law of the state
in which the Indemnitee primarily resides and works. The Company shall not oppose the Indemnitee’s right to seek any such adjudication.

 

(b)            
Basis for Adjudication. In the event that a determination shall have been made pursuant to Section 3 of this Agreement that
the Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section shall be
conducted in all respects as a de novo` trial, or arbitration, on the merits and such Indemnitee shall not be prejudiced by reason
of that adverse determination. The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant
to this Section 4 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate
in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. In any judicial proceeding
or arbitration commenced pursuant to this Section 4 the Company shall have the burden of proving such Indemnitee is not entitled
to indemnification or advancement of expenses, as the case may be.

 

(c)            
Reimbursement of Expenses. If the court shall determine that the Indemnitee is entitled to any indemnification or advancement
of Expenses hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such
adjudication (including, but not limited to, any appellate proceedings) to the fullest extent permitted by law, and in any suit brought
by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall pay all Expenses actually
and reasonably incurred by the Indemnitee in connection with such suit to the extent the Indemnitee has been successful, on the merits
or otherwise, in whole or in part, in defense of such suit, to the fullest extent permitted by law.

 

(d)            
Timing of Adjudication. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification
under this Agreement shall be required to be made prior to the final disposition of the Proceeding in connection with which such Indemnitee’s
rights under this Agreement are being enforced.

 

Section 5.            
Defense of Proceeding.

 

(a)            
Notification. The Indemnitee shall promptly provide notice to the Company of the commencement of any Proceeding for which a request
for indemnification or an advancement of Expenses is to be made against the Company under this Agreement. Notwithstanding the foregoing,
any failure of the Indemnitee to provide such a notice in a timely fashion, shall not relieve the Company of any liability that it may
have to the Indemnitee unless, and to the extent that, such failure actually and materially prejudices the interests of the Company.

 

 

 

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(b)            
Company Participation. Subject to the terms and conditions of any applicable insurance policy or policies, the Company will be
entitled to participate in the action, suit or proceeding at its own expense.

 

(c)            
Control of Defense. Except as otherwise provided below, the Company may, at its option and jointly with any other indemnifying
party similarly notified and electing to assume such defense, assume the defense thereof, with counsel reasonably satisfactory to the
Indemnitee. After notice from the Company to the Indemnitee of its election to assume the defense thereof, the Company will not be liable
to such Indemnitee under this Agreement for any legal or other expenses subsequently incurred by the Indemnitee in connection with the
defense thereof. The Indemnitee shall have the right to employ separate counsel in such action, suit or proceeding, but the fees and
expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of the
Indemnitee unless (i) the employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee shall have
reasonably concluded, and so notified the Company, that there is an actual conflict of interest between the Company and the Indemnitee
in the conduct of any such defense, or (iii) the Company shall not in fact have employed counsel to assume the defense of the Indemnitee
in connection with such action, suit or proceeding. In any of such cases, the fees and expenses of the Indemnitee’s separate counsel
shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought
by or on behalf of the Company or as to which the Indemnitee shall have made the conclusion provided for in clause (ii) above.

 

(d)            
Consent to Settlements. Notwithstanding any other provision of this Agreement, the Company shall not be liable to indemnify the
Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s written consent,
or for any judicial or other award, if the Company was not given an opportunity, in accordance with this Section 5, to participate
in the defense of such Proceeding. The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation
on or disclosure obligation with respect to the Indemnitee, or that would directly or indirectly constitute or impose any admission or
acknowledgement of fault or culpability with respect to the Indemnitee, without the Indemnitee’s written consent. Neither the Company
nor the Indemnitee shall unreasonably withhold its consent to any proposed settlement.

 

Section 6.            
Advancement of Expenses. All Expenses incurred by the Indemnitee in defending any Proceeding described in Section 2(b) or
Section 2(c) shall be paid by the Company in advance of the final disposition of such Proceeding at the request of the Indemnitee.
The Indemnitee’s right to advancement shall not be subject to the satisfaction of any standard of conduct and advances shall be
made without regard to the Indemnitee’s ultimate entitlement to indemnification under the provisions of this Agreement or otherwise.
To receive an advancement of Expenses under this Agreement, the Indemnitee shall submit a written request to the Secretary of the Company.
Such request shall reasonably evidence the Expenses incurred by the Indemnitee and shall include or be accompanied by an undertaking,
by or on behalf of the Indemnitee, to repay all amounts so advanced if it shall ultimately be determined, by final judicial decision
of a court of competent jurisdiction from which there is no further right to appeal, that the Indemnitee is not entitled to be indemnified
for such Expenses by the Company as provided by this Agreement or otherwise. The Indemnitee’s undertaking to repay any such amounts
is not required to be secured. Each such advancement of Expenses shall be made within 20 calendar days after the receipt by the Secretary
of the Company of such written request. The Indemnitee’s entitlement to Expenses under this Agreement shall include those incurred
in connection with any action, suit, or proceeding by the Indemnitee seeking an adjudication pursuant to Section 4 of this Agreement
(including the enforcement of this provision) to the extent the court shall determine that the Indemnitee is entitled to an advancement
of Expenses hereunder.

 

Section 7.            
Additional Rights.

 

(a)            
Non-exclusivity. The rights provided by this Agreement shall not be deemed exclusive of any other rights to which the Indemnitee
may at any time be entitled under applicable law, the Certificate of Incorporation and Bylaws of the Company, any agreement, a vote of
stockholders, a resolution of the Board or otherwise.

 

(b)            
Insurance. The Company may, from time to time, purchase and maintain insurance on behalf of the Indemnitees against any liability
asserted against him or her and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or
not the Company would have the power to indemnify such Indemnitee against such liability under the provisions of Section 145 of
the General Corporation Law of the State of Delaware. To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise that such person serves at the request of the Company, the Company shall
obtain coverage for the Indemnitee under such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any other director (if the Indemnitee is a director), or officer (if the Indemnitee is not a director but is an officer),
of the Company under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms of this Agreement,
the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such
proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take
all commercially reasonable steps to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies.

 

 

 

    	 	5	 

     

    

 

(c)            
Contribution. To the fullest extent permissible under applicable law, if the indemnification
provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee,
shall contribute to the amount incurred by Indemnitee, whether for liabilities or for expenses, in connection with any proceeding relating
to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances
of such proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the events
or transactions giving rise to such Proceeding; and (ii) the relative fault of the Company (and its directors, officers, employees
and agents) and Indemnitee in connection with such events and/or transactions.

 

Section 8.            
Limitations on Right Indemnification. Notwithstanding any other provision of this Agreement, no indemnification or advancement
of Expenses shall be paid to the Indemnitee: (a) to the extent expressly prohibited by the DGCL or applicable law; (b) to the extent
expressly prohibited by the Company’s Certificate of Incorporation and Bylaws; (c) for and to the extent that payment is actually
made to the Indemnitee under a valid and collectible insurance policy or under a valid and enforceable indemnity clause, provision of
the Certificate of Incorporation or Bylaws, or agreement of the Company or any other company or other enterprise (and the Indemnitee
shall reimburse the Company for any amounts paid by the Company and subsequently so recovered by the Indemnitee); or (d) in connection
with an action, suit, or proceeding, or part thereof initiated by the Indemnitee (including claims and counterclaims, whether such counterclaims
are asserted by the Indemnitee, or the Company in an action, suit, or proceeding initiated by the Indemnitee), except a judicial proceeding
pursuant to Section 4 to enforce rights under this Agreement, unless (i) the action, suit, or proceeding, or part thereof, was authorized
or ratified by the Board of Directors of the Company or (ii) the Company provides the indemnification, in its sole discretion, pursuant
to the powers vested in the Company under applicable law.

 

Section 9.            
Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the matters covered hereby
and supersedes all prior indemnification agreements and understandings with respect to such matters between the Parties.

 

Section 10.         
Amendment. The terms of this Agreement shall not be altered, modified, amended, waived or supplemented in any manner whatsoever
except by a written instrument signed by each of the Parties. No amendment, alteration or repeal of this Agreement or of any provision
of this Agreement shall limit or restrict any right of the Indemnitee under this Agreement in respect of any action taken or omitted
by the Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the DGCL,
whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Certificate of Incorporation,
Bylaws and this Agreement, it is the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement the greater benefits
so afforded by such change.

 

Section 11.         
Waiver. No waiver under this Agreement is effective unless it is in writing and signed by the party waiving its right. Any waiver
authorized on one occasion is effective only in that instance and only for the purpose stated, and does not operate as a waiver on any
future occasion. No failure or delay in exercising any right, remedy, power or privilege or in enforcing any condition under this Agreement
or any act, omission or course of dealing between the parties shall constitute a waiver or estoppel of any right, remedy, power, privilege
or condition arising from this Agreement.

 

Section 12.         
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal, or unenforceable for any
reason whatsoever, (a) the validity, legality, and enforceability of the remaining provisions of this Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that are
not by themselves invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby, and (b) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing
any such provision held to be invalid, illegal, or unenforceable, that are not themselves invalid, illegal, or unenforceable) shall be
construed so as to give effect to the intent of the parties that the Company provide protection to the Indemnitee to the fullest enforceable
extent set forth in this Agreement.

 

Section 13.         
Remedies. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right
and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or
in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.

 

 

 

    	 	6	 

     

    

 

Section 14.         
Parties Benefitted. All agreements and obligations of the Company contained herein shall continue during the period the Indemnitee
is a director, officer, employee, agent, or trustee of the Company or while a director, officer, employee, agent, or trustee is serving
at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture,
trust, or other enterprise, including service with respect to an employee benefit plan, and shall continue thereafter with respect to
any possible claims based on the fact that the Indemnitee was a director, officer, employee, agent, or trustee of the Company or was
serving at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a partnership,
joint venture, trust, or other enterprise, including service with respect to an employee benefit plan. This Agreement shall be binding
upon all successors and assigns of the Company (including any transferee of all or substantially all of its assets and any successor
by merger or operation of law) and shall inure to the benefit of the Indemnitee’s heirs, executors, and administrators.

 

Section 15.         
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without
reference to conflicts of laws principles or the state of residence of the Indemnitee.

 

Section 16.         
Venue. The Company and the Indemnitee hereby irrevocably and unconditionally (a) agree that any action or proceeding arising out
of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware
Court”), and not in any other state or federal court in the United States of America or any court in any other country, (b)
consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection
with this Agreement, (c) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (d) waive,
and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an
improper or inconvenient forum.

 

Section 17.         
Waiver of Jury Trial. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
(WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

Section 18.         
Expenses to Enforce Agreement. In the event that the Indemnitee is subject to or intervenes in any action, suit, or proceeding
in which the validity or enforceability of this Agreement is at issue or seeks an adjudication to enforce the Indemnitee’s rights
under, or to recover damages for breach of, this Agreement, the Indemnitee, if the Indemnitee prevails in whole or in part in such action,
suit, or proceeding, shall be entitled to recover from the Company and shall be indemnified by the Company against any Expenses actually
and reasonably incurred by the Indemnitee in connection therewith.

 

Section 19.         
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall be deemed to be one and the same agreement. Delivery of a signed Agreement by reliable electronic means, including facsimile, email,
or any electronic signature complying with the U.S. federal ESIGN Act of 2000 (including DocuSign) shall be an effective method of delivering
the executed Agreement. This Agreement may be stored by electronic means and either an original or an electronically stored copy of this
Agreement can be used for all purposes, including in any proceeding to enforce the rights and/or obligations of the parties to this Agreement.

 

IN
WITNESS WHEREOF, the Parties hereto have signed this Agreement as of the day and year first above written.

 

	 	RADNET, INC.
	 	 
	 	By:________________________
	 	Name: 
	 	Title:  
	 	 
	 	 
	 	INDEMNITEE:
	 	 
	 	By: _______________________
	 	Name: 
	 	Title: 

 

 

 

 

 

 

    	 	7

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