Document:

Exhibit
10.1

       

      STOCK PURCHASE
AGREEMENT

       

      STOCK
PURCHASE AGREEMENT (this “Agreement”), made as of the date set forth below
between MYSTARU.COM,  INC., a Delaware corporation (the “Company”),
and WUKUANG IE LIMITED,
a B.V.I. corporation (the “Buyer”).

      

       

      WITNESSETH:

       

      WHEREAS,
subject to the terms and conditions herein, the Company has agreed to offer and
sell to the Buyer in a private placement, 50,000,000 shares (the “Shares”) of
the Company’s common stock, $.001 par value per share (the “Common Stock”), for
an aggregate purchase price of Three Million Dollars ($3,000,000) (the “Purchase
Price”); and

       

      WHEREAS,
the Buyer desires to purchase the Shares from the Company, and the Company
desires to sell the Shares to the Buyer, on the terms and conditions set forth
below.

       

      NOW, THEREFORE, in consideration of the
promises, mutual representations and warranties hereinafter set forth, the
parties hereto intending to be legally bound hereby, do agree as
follows:

      

      I.           PURCHASE
AND SALE OF SHARES

       

      1.1           Common
Stock.  Subject to the terms and conditions herein stated, the
Company hereby agrees to sell, issue and deliver to the Buyer, and the Buyer
agrees to purchase from the Company, the Shares at a price equal to $0.06 per
share of Common Stock.

       

      1.2           Closing. The closing
(the “Closing”) of the transaction contemplated hereby is taking place
simultaneously with the execution and delivery of this Agreement or such other
place, date and time as may be mutually agreed upon by the parties hereto (the
“Closing Date”).  At the Closing, the parties shall make the following
deliveries to each other:

       

      (a)           The
Buyer shall pay the Purchase Price to the Company in immediately available funds
by wire transfer or certified check to an account designated by the Company or
otherwise in accordance with its written instructions; and

       

      (b)           The
Company shall deliver to the Buyer a certificate registered in the name of the
Buyer, representing the Shares, receipt of which is acknowledged by the
Buyer.

       

      II.           REPRESENTATIONS
BY THE BUYER

       

      The Buyer
represents and warrants to the Company as follows:

       

      2.1           Execution.  The
execution, delivery and performance of this Agreement by the Buyer has been duly
approved by the Board of Directors or any body performing a similar function, of
the Buyer, and all other actions required to authorize and effect the purchase
of the Shares have been taken.

       

      
        
           

        

        
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      2.2           Binding
Obligations.  This Agreement constitutes a valid and binding
obligation of the Buyer, enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
other laws of general application referring to or affecting enforcement of
creditors’ rights and general principles of equity.

       

      2.3           Non-Contravention.  Neither
the execution and delivery of this Agreement nor the purchase of Shares by the
Buyer shall, result in a material violation of, or constitute a material default
under its Certificate of Incorporation or By-Laws (or similar document), in the
performance or observance of any material obligations, agreements, covenants or
conditions contained in any debenture, note or other evidence of indebtedness or
in any material contract, indenture, mortgage, loan agreement, lease, joint
venture or other agreement or instrument to which the Buyer is a party or by
which its properties may be bound or in violation of any material order, rule,
regulation, writ, injunction, or decree of any domestic government, governmental
instrumentality or court.

       

      2.4           No Public Sale or
Distribution.  The Buyer is acquiring the Shares for its own
account for investment purposes only and not with a view towards, or for resale
in connection with, the public sale or distribution thereof, except pursuant to
sales registered or exempted under the Securities Act of 1933, as amended (the
“1933 Act); provided, however, that by
making the representations herein, the Buyer does not agree to hold any of the
Shares for any minimum or other specific term and reserves the right to dispose
of the Shares at any time in accordance with or pursuant to a registration
statement or an exemption under the 1933 Act.  The Buyer is acquiring
the securities hereunder in the ordinary course of its business.  The
Buyer presently does not have any agreement or understanding, directly or
indirectly, with any person to distribute any of the Shares.

       

      2.5           Accredited Investor
Status.  The Buyer is an "accredited investor" as that term is
defined in Rule 501(a) of Regulation D.

       

      2.6           Reliance on
Exemptions.  The Buyer understands that the Shares are being
offered and sold to it in reliance on specific exemptions from the registration
requirements of United States federal and state securities laws and that the
Company is relying in part upon the truth and accuracy of, and the Buyer's
compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Buyer set forth herein in order to determine the
availability of such exemptions and the eligibility of the Buyer to acquire the
Shares.

       

      2.7           Information.  The
Buyer and its advisors, if any, have been furnished with all materials relating
to the business, finances and operations of the Company and materials relating
to the offer and sale of the Shares which have been requested by the
Buyer.  The Buyer and its advisors, if any, have been afforded the
opportunity to ask questions of the Company and its officers.  Neither
such inquiries nor any other due diligence investigations conducted by the Buyer
or its advisors, if any, or its representatives shall modify, amend or affect
the Buyer's right to rely on the Company's representations and warranties
contained herein.

       

      
        
           

        

        
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      2.8           No Governmental
Review.  The Buyer understands that no United States federal or
state agency or any other government or governmental agency has passed on or
made any recommendation or endorsement of the Shares or the fairness or
suitability of the investment in the Shares nor have such authorities passed
upon or endorsed the merits of the offering of the Shares.

       

      2.9           Transfer or
Resale.  The Buyer understands that the Shares have not been
and are not being registered under the 1933 Act, or any state securities laws,
and may not be offered for sale, sold, assigned or transferred unless (i)
subsequently registered there under, (ii) the Buyer shall have delivered to the
Company an opinion of counsel, in a generally acceptable form, to the effect
that such Shares to be sold, assigned or transferred may be sold, assigned or
transferred pursuant to an exemption from such registration, or (iii) the Buyer
shall have satisfied the requirements of Rule 144(k) promulgated under the 1933
Act, as amended (or a successor rule thereto).  The Shares may be
pledged in connection with a bona fide margin account or other loan or financing
arrangement secured by the Shares and such pledge of Shares shall not be deemed
to be a transfer, sale or assignment of the Shares hereunder, and no Buyer
effecting a pledge of Shares shall be required to provide the Company with any
notice thereof or otherwise make any delivery to the Company pursuant to this
Agreement or any other agreements entered into by the parties hereto in
connection with the transaction contemplated by this agreement, including,
without limitation, this Section 2.9; provided, that in
order to make any sale, transfer or assignment of Shares, the Buyer and its
pledge makes such disposition in accordance with or pursuant to a registration
statement or an exemption under the 1933 Act.

       

      2.10           Legends.  The
Buyer consents to the placement of a legend on any certificate or other document
evidencing the Shares, stating that they have not been registered under the
Securities Act and setting forth or referring to the restrictions on
transferability and sale thereof.  The Buyer is aware that the Company
may make a stop order notation in its appropriate records with respect to the
restrictions on the transferability of such Shares.

       

      2.11           Organization.  The
Buyer is validly existing and in good standing under the laws of the
jurisdiction of its organization, and has the requisite power and authorization
to execute and deliver this Agreement and to consummate the transactions
contemplated hereby.

       

      2.12           Authorization; Validity;
Enforcement.  This Agreement has been duly and validly
authorized, executed and delivered on behalf of the Buyer and constitutes the
legal, valid and binding obligations of the Buyer enforceable against the Buyer
in accordance with its respective terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other laws of general
application referring to or affecting enforcement of creditors’ rights and
general principles of equity.

       

      2.13           Placement
Agent.  No broker's, finder’s or placement agent fees or
commission will be payable to any Person retained by, or on behalf of, the
Buyers with respect to the transactions contemplated herein.

       

      2.14           No Other
Representations.  Except as set forth herein, no
representations (oral or written) have been made to the Buyer, or any
representative, by the Company or by any of its officers, directors, agents or
employees, nor anyone else on their behalf, concerning among others, the future
profitability of the Company, the future performance of the Common Stock or the
Buyer’s investment in the Company.

       

      
        
           

        

        
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      III.           REPRESENTATIONS
BY THE COMPANY

       

      The
Company represents and warrants to the Buyer as follows:

       

      3.1           Organization.  The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware and has the corporate power to conduct
its current business and the business which it proposes to conduct.

       

      3.2           Execution.  The
execution, delivery and performance of this Agreement by the Company has been
duly approved by the Board of Directors of the Company and all other actions
required to authorize and effect the offer, sale and issuance of the Shares have
been taken.

       

      3.3           Binding
Obligations.  This Agreement constitutes a valid and binding
obligation of the Company, enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
other laws of general application referring to or affecting enforcement of
creditors’ rights and general principles of equity.

       

      3.4           Capitalization.  The
authorized capital stock of the Company consists of 300,000,000 shares of Common
Stock and 50,000,000 shares of preferred stock, $.001 par value (the “Preferred
Stock”).  As of July 25, 2009, 186,424,316 shares of the
Company’s Common Stock and no shares of the Company’s Preferred Stock were
issued and outstanding.  In addition, at that date, there were no
warrants and no options outstanding for the purchase of shares of Common
Stock.

       

      3.5           Issuance of
Shares.  The Shares are duly authorized and, upon issuance in
accordance with the terms hereof, shall be validly issued, free from all taxes,
liens and charges with respect to the issue thereof.  Assuming the
accuracy of each of the representations and warranties of the Buyer contained in
Section 2, the issuance by the Company of the securities is exempt from
registration under the 1933 Act.

       

      3.6           Non-Contravention.  Neither
the execution and delivery of this Agreement nor the issuance of the Shares by
the Company shall, result in a material violation of, or constitute a material
default under its Articles of Incorporation or By-Laws, in the performance or
observance of any material obligations, agreements, covenants or conditions
contained in any debenture, note or other evidence of indebtedness or in any
material contract, indenture, mortgage, loan agreement, lease, joint venture or
other agreement or instrument to which the Company is a party or by which its
properties may be bound or in violation of any material order, rule, regulation,
writ, injunction, or decree of any domestic government, governmental
instrumentality or court.

       

      
        
           

        

        
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      IV.           MISCELLANEOUS

       

      4.1           Survival.  The
representations and warranties made in Articles II and III herein shall survive
the Closing for a period of one (1) year.

       

      4.2           Amendment.  This
Agreement shall not be changed, modified or amended except by a writing signed
by the parties to be charged, and this Agreement may not be discharged except by
performance in accordance with its terms or by a writing signed by the party to
be charged. This Agreement and the documents delivered in connection herewith
sets forth the entire agreement and understanding between the parties as to the
subject matter thereof and merges and supersedes all prior discussions,
agreements and understandings of any and every nature between them.

       

      4.3           Binding.  This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and to their respective heirs, legal representatives, successors and
assigns.

       

      4.4           Governing Law;
Jurisdiction.  Notwithstanding the place where this Agreement
may be executed by any of the parties hereto, the parties expressly agree that
all the terms and provisions hereof shall be construed in accordance with and
governed by the laws of the State of New York, without giving effect to any
choice of law or conflicts of law provision.

       

      4.5           Severability.  The
holding of any provision of this Agreement to be invalid or unenforceable by a
court of competent jurisdiction shall not affect any other provision of this
Agreement, which shall remain in full force and effect.

       

      4.6           Waiver.  It
is agreed that a waiver by either party of a breach of any provision of this
Agreement shall not operate, or be construed, as a waiver of any subsequent
breach by that same party.

       

      4.7           Further
Assurances.  The parties agree to execute and deliver all such
further documents, agreements and instruments and take such other and further
action as may be necessary or appropriate to carry out the purposes and intent
of this Agreement.

       

      4.8           Notice.  Any
notice or other communication given hereunder shall be deemed sufficient if in
writing and sent by recognized overnight courier or registered or certified
mail, return receipt requested, or delivered by hand against written receipt
there for, addressed to the address set forth below (or to such other address as
the party shall have furnished in accordance with the provisions of this
Section):

       

      If to the
Company:

       

      MYSTARU.COM,
INC.

      6 North Twelfth Road Country Garden
Shunde District

      Foshan City, Guangdong China
528312

      Telephone:
(86) 10 6702 6968

      Facsimile:  (86)
10 6702 0769

      Attention:
Alan Lun, Chief Executive Officer

       

      
        
           

        

        
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      with a
copy (which shall not constitute notice) to:

       

      Kirkpatrick
& Lockhart Nicholson Graham LLP

      599
Lexington Avenue

      New York,
New York 10022

      Gen:
212.536.3900

      Fax:
212.536.3901

      Attn:  Robert
S. Matlin, Esq.

      

      If to the
Buyer:

       

      Room
1013, 10/F.,Kwong Sang Hong

      151 Hoi Bun Road Kowloon, Hong Kong

      Telephone:
852 6705 8311

      Facsimile:
852 6705 8311

      Attention:
Yvonne B. Chen c/o Wukuang IE Ltd.

      

      

      Notices
shall be deemed to have been given on the date of mailing, except for notices of
change of address, which shall be deemed to have been given when
received.

       

      4.9           Counterparts.  This
Agreement may be executed in one or more counterparts, including by facsimile,
each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument.

       

      

      

      Remainder
of Page Intentionally Left Blank

       

      
        
           

        

        
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      IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
set forth below.

       

      

      Dated: August 3, 2009

      
        
          
            
              
                
                  
                    
                      
                        
                          	 	BUYER:
      WUKUANG IE LIMITED	 
	 	 	 	 
	
                                   

                                	
                                  By:
      

                                	/s/ Yvonne
      B. Chen	 
	 	 	Name:
      Yvonne B. Chen	 
	 	 	Title:  Director	 
	 	 	 	 
	 	 	 	 
	 	MYSTARU.COM,
      INC.	 
	 	 	 	 
	 	By:	/s/ Alan Lun	 
	 	 	Name:  Alan
      Lun	 
	 	 	Title:   Chief
      Executive Officer	 

                        

                      

                    

                  

                

              

            

          

        

      

      

      
        
           

        

        
          8Exhibit
10.7

     

    INDEMNIFICATION
AGREEMENT

     

    THIS INDEMNIFICATION AGREEMENT
("Agreement") is made as of the 1st day of April 2009, by and
between 21st Century
Holding Company, a Florida corporation (the “Corporation”), and Jenifer G.
Kimbrough (the “Indemnitee”).

     

    WHEREAS, the Indemnitee is
currently serving as a director and/or executive officer of the Corporation and
the Corporation desires to continue to retain the services of the Indemnitee as
a director and/or executive officer of the Company;

     

    WHEREAS, through its Amended
and Restated Articles of Incorporation and Bylaws it is the express policy of
the Corporation to indemnify its executive officers and directors so as to
provide them with the maximum possible protection permitted by law;
and

     

    WHEREAS, the Board of
Directors has concluded that it is in the best interests of the Corporation’s
shareholders for the Corporation to contractually reaffirm the Shareholders’
expressed policy to indemnify its  executive officers and directors
and to establish procedures and presumptions with respect thereto to make the
process of indemnification more certain; and

     

    WHEREAS, Florida Statutes,
Section 607.0850, empowers corporations to indemnify, among others, any
person serving as a executive officer and/or director of the Corporation, and
such Section 607.0850 specifies that the indemnification set forth therein
shall not be deemed exclusive of any other rights to which those seeking
indemnification may be entitled under any bylaw, agreement, vote of shareholders
or Disinterested Directors, or otherwise; and

     

    WHEREAS, the Corporation
desires to have Indemnitee serve or continue to serve as an executive officer
and/or director of the Corporation or of any other corporation, subsidiary,
partnership, joint venture, or trust or other enterprise of which Indemnitee has
been or is serving at the request, or to represent the interests, of the
Corporation (hereinafter referred to as “Affiliates(s) of the Corporation”) free
from undue concern for unpredictable, inappropriate or unreasonable claims for
damages by reason of Indemnitee’s Corporate Status and Indemnitee desires to
serve or to continue to serve (provided that Indemnitee is furnished the
indemnity provided for hereinafter), in one or more of such
capacities;

     

    NOW, THEREFORE, in
consideration of the mutual covenants set forth herein, the Corporation and
Indemnitee hereby agrees as follows:

     

    1.           Indemnification.  To
the fullest extent permitted by the laws of the State of Florida, the
Corporation shall indemnify and advance Expenses to Indemnitee as provided in
this Agreement.  Capitalized terms are defined in Section 12 of this
Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.           Proceedings
Other Than Proceedings by or in the Right of the
Corporation.  Indemnitee shall be entitled to the rights of
indemnification, set forth in Section 1 if, by reason of Indemnitee’s
Corporate Status, Indemnitee is, or is threatened to be, made a party to any
threatened, pending, or completed Proceeding, other than a Proceeding by or in
the right of the Corporation.  Indemnitee shall be indemnified against
Expenses, liability and loss, including but not limited to, judgments, fines,
and amounts paid in settlement actually and reasonably incurred by him/her or on
Indemnitee’s behalf in connection with such Proceeding or any claim, issue or
matter related thereto, if such Indemnification is permitted by applicable law
and Indemnitee acted in good faith and in a manner Indemnitee reasonably
believed to be in, or not opposed to, the best interests of the Corporation,
and, with respect to any criminal Proceeding, had no reasonable cause to believe
Indemnitee’s conduct was unlawful.

     

    3.           Proceedings
by or in the Right of the Corporation.  Indemnitee shall be
entitled to the rights of indemnification set forth in Section 1 if, by
reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be,
made a party to any threatened, pending or completed Proceeding brought by or in
the right of the Corporation to procure a judgment in its favor provided such
Proceeding was authorized by the Board of Directors of the
Corporation.  Indemnitee shall be indemnified against Expenses
actually and reasonably incurred by him/her or on Indemnitee’s behalf in
connection with such Proceeding if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in or not opposed to the best
interests of the Corporation.  Notwithstanding the foregoing, no
indemnification against such Expenses shall be made in respect of any claim,
issue or matter in such Proceeding as to which Indemnitee shall have been
adjudged to be liable, unless the court in which the Proceeding was brought, or
any other court of competent jurisdiction, shall determine upon application
that, despite the adjudication of liability but in view of all circumstances of
the case, such person is fairly and reasonably entitled to indemnity for such
Expenses which such court shall deem proper.

     

    4.           Indemnification
for Expenses of a Party Who is Wholly or Partly
Successful.  Notwithstanding any other provision of this
Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate
Status, a party to and is successful, on the merits or otherwise, in any
Proceeding or any claim, issue or matter therein, Indemnitee shall be
indemnified against all Expenses actually incurred by him/her or on Indemnitee’s
behalf in connection therewith.  If Indemnitee is not wholly
successful in such a Proceeding but is successful, on the merits or otherwise,
as to one or more but less than all claims, issues or matters in such a
Proceeding, the Corporation shall indemnify Indemnitee against all Expenses
actually incurred by him/her or on Indemnitee’s behalf in connection with each
successfully resolved claim, issue or matter.  For purposes of this
Section 4 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.

     

    
      
         

      

      
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    5.           Indemnification
for Expenses of a Witness.  Notwithstanding any other provision
of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s
Corporate Status, a witness in any Proceeding, Indemnitee shall be indemnified
against all Expenses incurred by him/her or on Indemnitee’s behalf in connection
therewith.

     

    6.           Advancement
of Expenses.  The Corporation shall pay all Expenses incurred
by or on behalf of Indemnitee in connection with any Proceeding within sixty
(60) days after the receipt by the Corporation of a statement or statements
from Indemnitee requesting such payment from time to time, whether prior to or
after final disposition of such Proceeding.  Such statement or
statements shall reasonably evidence the Expenses incurred by Indemnitee and
shall include or be preceded or accompanied by an undertaking by or on behalf of
Indemnitee to repay any Expenses if it shall ultimately be determined that
Indemnitee is not entitled to be indemnified against such Expenses.

     

    7.           Procedure
for Determination of Entitlement to Indemnification.

     

    (a)           To
obtain indemnification, Indemnitee shall submit to the Corporation a written
request, accompanied by such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to
what extent Indemnitee is entitled to indemnification (hereinafter a “Request
for Indemnification”).  The Secretary of the Corporation shall,
promptly upon receipt of such a Request for Indemnification, advise the Board of
Directors in writing that Indemnitee has requested indemnification.

     

    (b)           Upon
submission of a Request for Indemnification, a determination, (unless otherwise
ordered by a court), with respect to Indemnitee’s entitlement thereto, shall be
made as follows: (1) by the Board of Directors of the Corporation by a
majority vote of a quorum consisting of directors who were not parties to such
proceeding; (2) if such quorum is not obtainable or, even if obtainable, by
majority vote of a committee duly designated by the Board of Directors (in which
directors who are parties may participate) consisting solely of two or more
directors not at the time parties to the Proceeding; (3) by Independent
Counsel: (i) selected by the Board of Directors prescribed in
paragraph (a) or the committee prescribed in paragraph (b); or
(ii) if a quorum of the Directors cannot be obtained for paragraph (a)
and the committee cannot be designated under paragraph (b), selected by
majority vote of the full Board of Directors (in which directors who are parties
may participate); or (4) by the Shareholders by a majority vote of a quorum
consisting of Shareholders who were not parties to such proceeding, or if no
such quorum is obtainable, by a majority vote of Shareholders who were not
parties to such proceeding.

     

    
      
         

      

      
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    (c)           If
a determination is to be made by Independent Counsel, the Corporation shall pay
all fees and expenses of Independent Counsel in making such
determination.

     

    8.           Presumptions
and Effect of Certain Proceedings.

     

    (a)           When
making a determination with respect to entitlement to indemnification, the
person, persons or entity making such determination shall presume that
Indemnitee is entitled to indemnification if Indemnitee has submitted a Request
for Indemnification in accordance with Section 7(a) and the Corporation shall
have the burden of proof to overcome that presumption.

     

    (b)           If
the person, persons or entity empowered or selected under Section 7 to
determine whether Indemnitee is entitled to indemnification denies such request,
in whole or in part, or shall not have made such determination within sixty
(60) days after receipt by the Corporation of the request therefore, the
Indemnitee may seek to establish any rights to indemnification granted by
Section 1 of this Agreement in any court of competent
jurisdiction.  The Indemnitee’s expenses (including attorneys’ fees)
incurred in connection with successfully establishing Indemnitee’s right to
indemnification, in whole or in part, in any such Proceeding or otherwise shall
also be indemnified by the Corporation.

     

    (c)           The
termination of any Proceeding or of any claim, issue or matter related thereto
by judgment, order, settlement or conviction, or upon a plea of nolo contendere or
its equivalent, shall not (except as otherwise expressly provided in this
Agreement or by law) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which Indemnitee reasonably believed to be in or not
opposed to the best interest of the Corporation or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s
conduct was unlawful.  In addition, neither the failure of the
Independent Counsel to have made a determination as to whether Indemnitee has
met any particular standard of conduct or had any particular belief, nor an
actual determination by the Independent Counsel that the Indemnitee has not met
such standard of conduct or did not have such belief, prior to the commencement
of proceedings by Indemnitee to secure an arbitral or judicial determination
that Indemnitee should be indemnified under applicable law shall be a defense to
Indemnitee’s claim or create a presumption that Indemnitee has not met any
particular standard of conduct or did not have any particular
belief.

     

    9.           Exceptions.  Any
other provision herein to the contrary notwithstanding, the Corporation shall
not be obligated pursuant to the terms of this Agreement:

     

    
      
         

      

      
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    (a)           Excluded Action or
Omissions.  To indemnify Indemnitee under circumstances that
would render such indemnification unlawful under Florida law.

     

    (b)           Claims Initiated by
Indemnitee.  To indemnify or advance expenses to Indemnitee
with respect to a Proceeding (or part thereof) initiated by Indemnitee, except
with respect to: (1) a Proceeding brought to establish or enforce a right
to indemnification (which shall be governed by the provisions of Section 7(b) of
this Agreement); or (2) a Proceeding (or part thereof) of which the
Indemnitee has provided notice to the Board of Directors of Corporation of his
intent to commence such Proceeding and for which the Board of Directors has not
denied authorization to Indemnitee to commence such Proceeding (or any part
thereof) within sixty (60) days of its receipt of such notice, and then,
Indemnitee shall be entitled to indemnification and the advancement of Expenses
for such Proceeding initiated by Indemnitee only upon such terms and conditions
as the Board of Directors may deem appropriate.

     

    (c)           Claims Under
Section 16(b).  To indemnify Indemnitee for Expenses and
payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934,
as amended, or any similar successor statute as evidenced by a judgment or
ruling in any judicial, administrative or alternative dispute resolution
proceeding.

     

    10.         Non-Exclusivity;
Survival of Rights; Insurance.

     

    (a)           The
rights of indemnification and to receive advancement of Expenses as described by
this Agreement shall not be deemed exclusive of any other rights to which
Indemnitee may at any time be entitled under applicable law, the Corporation's
Amended and Restated Articles of Incorporation, the Corporation's Bylaws, any
agreement, a vote of shareholders, a resolution of Disinterested Directors or
otherwise.  No amendment, alteration or repeal of the Corporation's
Amended and Restated Articles of Incorporation or Bylaws or of any provision
hereof shall be effective as to Indemnitee with respect to any action or
omission by such Indemnitee in Indemnitee’s Corporate Status prior to such
amendment, alteration or repeal.  To the extent that a change in the
laws of the State of Florida (whether by statute or judicial action) permits
greater indemnification by agreement than would be afforded currently under the
Corporation’s Amended and Restated Articles of Incorporation, Bylaws and this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change.  The
provisions of this Agreement shall continue as to an Indemnitee whose Corporate
Status has ceased and shall inure to the benefit of Indemnitee’s heirs,
executors and administrators.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b)           The
Corporation shall maintain directors’ and officers’ liability insurance,
covering Indemnitee, with commercially reasonable coverage terms and limits for
so long as Indemnitee serves as a director of the Corporation or an Affiliate of
the Corporation, provided and to the extent that such insurance is available on
a commercially reasonable basis.  However, the Corporation agrees that
the provisions hereof shall remain in effect regardless of whether insurance
coverage is at any time obtained or retained by the Corporation; except that any
payments made under an insurance policy shall reduce the obligations of the
Company hereunder.

     

    11.         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 shall
not be in any way be 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.

     

    12.         Definitions.  For
purposes of this Agreement:

     

    (a)           “Corporate
Status” means the status of a person who is or was an executive officer and/or
director of the Corporation or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person is
or was serving at the request of the Corporation.  Any election or
appointment of an Indemnitee as an executive officer and/or director of the
Corporation or of any corporation, partnership or joint venture which is a
subsidiary or affiliate of the Corporation, or of a trust or employee benefit
plan of the Corporation or any such subsidiary or affiliate, shall conclusively
evidence that such Indemnitee’s service in such capacity was at the request of
the Corporation.

     

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

     

    (c)           “Expenses”
means all attorneys’ fees, retainers, court costs, transcript costs, fees of
experts, witness fees, travel charges, postage, delivery service fees, and all
other disbursements or expenses of the types customarily incurred in connection
with prosecuting, defending, preparing to prosecute or defend, investigating, or
being or preparing to be a witness in a Proceeding.

     

    (d)           “Indemnitee”
means any person who is, or is threatened to be made, a witness in or a party to
any Proceeding as described in Sections 2, 3, 4 or 5 by reason of
Indemnitee’s Corporate Status.

     

    (e)           “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years
has been, retained to represent: (i) the Corporation or Indemnitee in any
matter (other than with respect to the rights of Indemnitee under this Agreement
or other indemnities under similar indemnity agreements); or (ii) any other
party to the Proceeding giving rise to a claim for indemnification
hereunder.  Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in
representing either the Corporation or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (f)           “Proceeding”
means any action, suit, indictment, information, arbitration, alternate dispute
resolution mechanism, inquiry, investigation, congressional, regulatory or
administrative hearing or any other proceeding whether civil, criminal,
regulatory, administrative or investigative, except one initiated by an
Indemnitee unless such Proceeding was authorized by the Board of Directors or
Indemnitee is enforcing Indemnitee’s rights to indemnification and/or
advancement of Expenses.  For purposes of this definition, a
counterclaim, cross claim or third party claim in a Proceeding shall be
considered a separate and distinct Proceeding.

     

    13.         Notification
and Defense of Claim.

     

    (a)           Indemnitee
shall give the Corporation notice in writing as soon as reasonably practicable
of any claim made against him/her for which indemnity will or could be sought
under this Agreement.  In addition, Indemnitee shall, at the
Corporations’ expense give the Corporation such information and cooperation as
it may reasonable require and as shall be within Indemnitee’s
power.  Notice to the Corporation shall be directed to 21st Century
Holding Company, 3661 West Oakland Park Boulevard, Suite 300, Lauderdale Lakes,
Florida  33311, Attention: Peter J. Prygelski, Chief Financial Officer
(or such other address as the Corporation shall designate in writing to
Indemnitee).  Notices to Indemnitee shall be directed to the address
set forth below the signature of the Indemnitee on this Agreement (or such other
address as the Indemnitee shall designate in writing to the
Corporation).  Notices shall be deemed received three (3) days
after the date postmarked, if sent by prepaid certified mail, return receipt
requested, properly addressed.

     

    (b)           In
the event the Corporation shall be obligated to pay the Expenses of Indemnitee
with respect to a Proceeding, as provided in this Agreement, the Corporation, if
appropriate, shall be entitled to assume the defense of such Proceeding, with
counsel reasonably acceptable to Indemnitee, upon the delivery to Indemnitee of
written notice of its election to do so.  After delivery of such
notice, approval of such counsel by Indemnitee and the retention of such counsel
by the Corporation, the Corporation will not be liable to Indemnitee under this
Agreement for any fees of counsel subsequently incurred by Indemnitee with
respect to the same Proceeding, provided that Indemnitee shall have the right to
employ Indemnitee’s own counsel in such Proceeding at Indemnitee’s own
expense.  Notwithstanding the above provisions of this
Section 13(b), the Corporation shall not be entitled to assume the defense
of a Proceeding with counsel of its choosing, and all Expenses incurred by
Indemnitee in defending such a Proceeding with Indemnitee’s own counsel shall be
the obligation of the Corporation, if (i) the employment of Indemnitee’s
own counsel has been previously authorized in writing by the Corporation;
(ii) counsel to the Corporation or Indemnitee shall have reasonably
concluded that there may be a conflict of interest or position, or reasonably
believes that a conflict is likely to arise, on any significant issue between
the Corporation and Indemnitee in the conduct of any such defense; or
(iii) the Corporation shall not, in fact, have employed counsel to assume
the defense of such Proceeding, except as otherwise expressly provided by this
Agreement.  The Corporation shall not be entitled, without the consent
of Indemnitee, to assume the defense of any Proceeding brought by or in the
right of the Corporation or as to which counsel for the Corporation or
Indemnitee shall have reasonably made the conclusion provided for in clause
(ii) above.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    14.         Governing
Law, Amendment.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida.  This
Agreement constitutes the entire may be amended or modified only by a writing
executed and signed by the parties hereto.  This Agreement may be
executed in any number of counterparts, each of which shall constitute one and
the same original.

     

    15.         Successors
and Assigns.  The obligations of the Company to the Indemnitee
hereunder shall survive and continue as to the Indemnitee even if the Indemnitee
ceases to be a director, officer, employee, adviser and/or agent of the
Corporation.  Each and all of the covenants, terms and all of the
covenants, terms and provisions of this Agreement shall be binding upon and
inure to the benefit of the successors and assigns of the Corporation and upon
the death of the Indemnitee, to the benefit of the estate, heirs, executors,
administrators and personal representatives of the Indemnitee.

     

    IN WITNESS WHEREOF, the
parties hereto have executed this Agreement on and as of the day and year first
above written.

     

    
      	 
      	
              21st
      CENTURY HOLDING COMPANY,

            
	 
      	
              a
      Florida corporation

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Michael H. Braun

            
	 
      	
              Name:

            	
              Michael H. Braun

            
	 
      	
              Title:

            	
              Chief Executive Officer

            
	 
      	 
      
	 
      	
              INDEMNITEE:

            
	 
      	 
      
	 
      	
              /s/ Jenifer G. Kimbrough

            
	 
      	
              Print
      Name:  Jenifer G.
Kimbrough

            

    

     

    
      
         

      

      
        8

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