Document:

May 1, 2013

 

Sol & Tina Waxman Family Foundation,
is lending Innovative Designs, Inc the amount of $100,000 Dollars, at an interest of 10%. Repayment of $110,000, interest included,
will be made by December 31, 2013.

 

As collateral for this loan, Joseph Riccelli
is pledging stock certificate #1766, for 250,000 shares of IVDN stock. In the event the above-mentioned loan is not repaid as stated,
the Sol & Tina Waxman Family foundation will have the right to receive ownership of this stock certificate. Joseph Riccelli
will personally guarantee this loan.

 

Upon repayment of this loan, the stock
certificate is to be returned to Joseph Riccelli, completing this agreement.

 

	/s/ Jeffrey M. Stone	 	 
	Sol & Tina Waxman Family Foundation	 
	Jeffrey M. Stone, President	 
	 	 
	/s/ Joseph Riccelli	 	 
	Joseph Riccelli, CEO	 
	 	 
	/s/ Gregory P. Domian	 	 
	Witness - Gregory P. DomianMay 22, 2013

 

I, Joseph Riccelli, am lending Innovative
Designs, Inc the amount of $90,000 Dollars, for a period of 180 days, at an interest rate of 10%. Repayment of $99,000, interest
included will be made by November 22, 2013.

 

	/s/ Joseph Riccelli	 	 
	Joseph Riccelli	 
	 	 
	/s/ Gregory P. Domian	 	 
	Gregory P. Domian - WitnessAgreement

 

This Agreement is by and between Darryl
Zaontz, an individual whose address is 501 Saddle Ridge Rd., Woodmere, NY 11598 (hereafter “Lender”); and Innovative
Designs, Inc., a Delaware corporation with principal offices at 124 Cherry St., Pittsburgh, PA 15223, (hereinafter “Borrower”).

 

Lender and Borrower agree as follows:

 

		1.	Lender agrees to lend Borrower the sum of $25,000 United States Dollars (“USD”).

 

		2.	Borrower agrees to repay the principal sum of $25,000 USD on or before January 6, 2014.

 

		3.	The term of this loan is 6 months.

 

		4.	This loan shall bear interest of $2,500 USD. Additionally, in consideration of the aforementioned
loan, borrower will grant lender 5,000 shares of restricted shares of IVDN (144-IVDN stock). Both interest and share grant are
to be paid on or before January 6, 2014.

 

		5.	Lender shall have the option of converting all or part of the principal sum of $25,000 USD into
restricted shares of IVDN at a price of $.40 per share.

 

		6.	Lender shall have the option of converting all or part of the interest of $2,500 USD into restricted
shares of IVDN at a price of $.40 per share.

 

		7.	The average bid per share for IVDN over the last three days has been $.42 (as of 6/28/13)

 

		8.	This agreement shall constitute the sole understanding and Agreement of the parties as to its terms,
and no modification hereof shall be given force or effect unless signed in advance by both Borrower and Lender.

 

		9.	This Agreement may be executed in counterpart originals, which in the aggregate shall form one
executed original of the Agreement, and a facsimile transmission shall be deemed to have the same legal force and effect of the
original executed document.

 

		10.	This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth
of Pennsylvania.

 

		11.	The principal amount of $25,000 USD, or the 144—IVDN shares if requested by Lender, must
be received by Lender no later than 1 (one) week after Due Date, or the Loan will be considered to be in default.

 

    	 

    	 

    

 

WITH INTENT TO BE LEGALLY BOUND
HEREBY, THE PARTIES AFFIX THEIR SIGNATURES HEREUNDER:

 

	For BORROWER:	 	 
	 	 	 
	Date: 7/4/13	 	/s/ Joseph Riccelli
	 	 	Joseph Riccelli, CEO
	 	 	Innovative Designs, Inc.
	 	 	 
	For LENDER:	 	 
	 	 	 
	Date: 7/4/13	 	/s/ Darryl Zaontz
	 	 	Darryl Zaontz, CFAAgreement

 

This Agreement is by and between Hoi Ping
Lee, an individual whose address is 90-31 55th Ave., Elmhurst, NY 11373 (hereafter “Lender”); and Innovative
Designs, Inc., a Delaware corporation with principal offices at 124 Cherry St., Pittsburgh, PA 15223, (hereinafter “Borrower”).

 

Lender and Borrower agree as follows:

 

		1.	Lender agrees to lend Borrower the sum of $25,000 United States Dollars (“USD”).

 

		2.	Borrower agrees to repay the principal sum of $25,000 USD on or before January 6, 2014.

 

		3.	The term of this loan is 6 months.

 

		4.	This loan shall bear interest of $2,500 USD. Additionally, in consideration of the aforementioned
loan, borrower will grant lender 5,000 shares of restricted shares of IVDN (144-IVDN stock). Both interest and share grant are
to be paid on or before January 6, 2014.

 

		5.	Lender shall have the option of converting all or part of the principal sum of $25,000 USD into
restricted shares of IVDN at a price of $.40 per share.

 

		6.	Lender shall have the option of converting all or part of the interest of $2,500 USD into restricted
shares of IVDN at a price of $.40 per share.

 

		7.	The average bid per share for IVDN over the last three days has been $.42 (as of 6/28/13)

 

		8.	This agreement shall constitute the sole understanding and Agreement of the parties as to its terms,
and no modification hereof shall be given force or effect unless signed in advance by both Borrower and Lender.

 

		9.	This Agreement may be executed in counterpart originals, which in the aggregate shall form one
executed original of the Agreement, and a facsimile transmission shall be deemed to have the same legal force and effect of the
original executed document.

 

		10.	This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth
of Pennsylvania.

 

		11.	The principal amount of $25,000 USD, or the 144—IVDN shares if requested by Lender, must
be received by Lender no later than 1 (one) week after Due Date, or the Loan will be considered to be in default.

 

    	 

    	 

    

 

WITH INTENT TO BE LEGALLY BOUND
HEREBY, THE PARTIES AFFIX THEIR SIGNATURES HEREUNDER:

 

	For BORROWER:	 	 
	 	 	 
	Date: 7/4/13	 	/s/ Joseph Riccelli
	 	 	Joseph Riccelli, CEO
	 	 	Innovative Designs, Inc.
	 	 	 
	For LENDER:	 	 
	 	 	 
	Date: 7/4/13	 	/s/ Hoi Ping Lee
	 	 	Hoi Ping LeeAgreement

 

This Agreement
is by and between John and Priscilla Zaontz, whose address is 501 Saddle Ridge Rd., Woodmere, NY 11598 (hereafter “Lender”);
and Innovative Designs, Inc., a Delaware corporation with principal offices at 124 Cherry St., Pittsburgh, PA 15223, (hereinafter
“Borrower”).

 

Lender and
Borrower agree as follows:

 

		1.	Lender agrees to lend Borrower the sum of $15,000 United States Dollars (“USD”).

 

		2.	Borrower agrees to repay the principal sum of $15,000 USD on or before January 16, 2014.

 

		3.	The term of this loan is 6 months.

 

		4.	This loan shall bear interest of $1,500 USD. Additionally, in consideration of the aforementioned
loan, borrower will grant lender 4,000 shares of restricted shares of IVDN (144-IVDN stock). Both interest and share grant are
to be paid on or before January 16, 2014.

 

		5.	Lender shall have the option of converting all or part of the principal sum of $15,000 USD into
restricted shares of IVDN at a price of $.40 per share.

 

		6.	Lender shall have the option of converting all or part of the interest of $1,500 USD into restricted
shares of IVDN at a price of $.40 per share.

 

		7.	This agreement shall constitute the sole understanding and Agreement of the parties as to its terms,
and no modification hereof shall be given force or effect unless signed in advance by both Borrower and Lender.

 

		8.	This Agreement may be executed in counterpart originals, which in the aggregate shall form one
executed original of the Agreement, and a facsimile transmission shall be deemed to have the same legal force and effect of the
original executed document.

 

		9.	This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth
of Pennsylvania.

 

		10.	The principal amount of $15,000 USD, or the 144—IVDN shares if requested by Lender, must
be received by Lender no later than 1 (one) week after Due Date, or the Loan will be considered to be in default.

 

    	 

    	 

    

 

WITH INTENT TO BE LEGALLY BOUND HEREBY, THE PARTIES AFFIX THEIR
SIGNATURES HEREUNDER:

  

	For BORROWER:	 
	 	 
	Date: 7/16/13	/s/ Joseph Riccelli
	 	Joseph Riccelli, CEO
	 	Innovative Designs, Inc.
	 	 
	For LENDER:	 
	 	 
	Date: 7/16/13	/s/ John Zaontz
	 	/s/ Priscilla Zaontz
	 	John and Priscilla ZaontzINDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION AGREEMENT is entered
into as of this 19th day of October, 2011 by and between DAM Holdings, Inc. (the “Company”) and Eric
Brown (together with any affiliated entities, “Brown”).

 

Whereas,
OSO USA LLC (“OSO”) proposes to merge into a wholly-owned subsidiary of the Company (the “Merger”);
and

 

Whereas,
Brown has provided financing to OSO and discharged indebtedness of the Company prior to the date hereof in contemplation of the
Merger; and

 

WHEREAS, the term sheet for the transaction
stipulated that the Company would have no more than $5,000 of liabilities at the closing of the Merger; and

 

WHEREAS, Brown wishes the Company to retain
the additional liabilities set forth on Schedule A hereto (which liabilities shall include interest, penalties and fees
both accrued and accruing after the date hereof with respect thereto and which are collectively referred to herein as the “Indemnified
Obligations”); and

 

WHEREAS, Brown wishes to indemnify the Company
in the event that the Company pays any of the Indemnified Obligations; and

 

NOW, THEREFORE, in consideration of the
premises, the parties hereto agree as follows:

 

		1.	Indemnification. Brown hereby irrevocably and unconditionally indemnifies and agrees to hold harmless the Company against
and in respect of the Indemnified Obligations and any other liability, damage or deficiency, all actions, suits, proceedings, demands,
assessments, judgments, costs and expenses, including attorneys’ fees, related to the Indemnified Obligations.

 

		2.	Payments by the Company. The Company shall not be required to contest or dispute in any manner whatsoever any claim
for payment by a holder of an Indemnified Obligation, by any third party acting on behalf of any such holder or by any third party
that has been assigned such holder’s rights with respect to such Indemnified Obligation. Brown’s obligation with respect
to any Indemnified Obligation hereunder shall be immediate upon receipt by him from the Company of written notice that the Company
has paid such Indemnified Obligation and the amount thereof. Should the Company pay any Indemnified Obligation by issuing shares
of its Common Stock, Brown shall have the option to indemnify the Company hereunder with respect to such Indemnified Obligation
by (a) issuing to the Company the same number of shares of Common Stock as were issued by the Company, (b) paying cash to the Company
in an amount equal to the full amount of the Indemnified Obligation discharged, or (c) reducing the amount of the Brown Debt (as
defined herein) by an amount equal to the full amount of the Indemnified Obligation.

 

		3.	Termination of an Indemnified Obligation. In the event that Brown is able to obtain on behalf of the Company a release
of any of the Indemnified Obligations in form and substance satisfactory to counsel for the Company, Brown’s obligation to
indemnify the Company with respect to such Indemnified Obligations shall be released.

 

		4.	Security. For so long as any of the Indemnified Obligations shall remain a liability of the Company, Brown shall not
have the right (a) to enforce any obligation of the Company or any of its subsidiaries to Brown (“Brown Debt”) or (b)
to convert any Brown Debt to shares of the Company’s common stock (notwithstanding that Brown may have been granted the right
to do so in any Note or Notes issued by the Company with respect to Brown Debt), in each instance in an amount equal to the total
amount of the Indemnified Obligations for which Brown continues to indemnify the Company hereunder.

 

    	Page 1

    	 

    

 

		5.	Counterparts. This Agreement may be executed by the parties in separate counterparts, each of which when so executed
and delivered will be deemed an original, but all of which together will constitute one and the same Agreement. In pleading or
proving this Agreement, it will not be necessary to produce or account for more than one such counterpart.

 

		6.	Binding Effect and Benefits. This Agreement will bind and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Nothing in this Agreement is intended or will confer any rights or remedies on any person other
than the parties hereto, their respective successors and permitted assigns.

 

		7.	Notice. Notice shall be given to the parties hereof as provided in Section 5.6 of the Note Purchase Agreement between
the Company and Progeny Consulting Group Inc., an affiliate of Brown, dated as of October 7, 2011.

 

		8.	Captions. The captions of section or subsections of this Agreement are for reference only and shall not affect the interpretation
or construction of this Agreement.

 

[Signature Page Follows]

 

IN WITNESS WHEREOF, the parties hereto have
entered into and signed this Agreement as of the date and year first above written.

 

	DAM HOLDINGS, INC.	 	 
	 	 	 
	By:	/s/ Fouad Kallamni	 	/s/ Eric Brown
	 	Name:	Fouad Kallamni	 	Eric Brown
	 	Title:	President	 	 

 

    	Page 2

    	 

    

 

SCHEDULE A

INDEMNIFIED OBLIGATIONS

 

	Open Accounts Payable	 
	Pritchett Siler & Hardy	$    36,894
	 	 
	Promissory Notes	 
	Onopa, Ronald	$      5,927
	Pecoraro, Onofrio	$    23,685
	Honegger, Joel	$      5,921
	Nichols, David	$    23,672
	Montepara, Arturo	$      6,442
	 	 
	Total	$  102,541

 

	/s/ Eric Brown	 

 

    	Page 3

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