Document:

Indemnification Agreement, issued by Biovest to Donald L. Ferguson

 Exhibit 10.7 
 

 
 INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT, made on this 11th day of January 2007, by and between Biovest International, Inc. (“Biovest”), a Delaware corporation with a place of business at 324 South Hyde Park Ave., Suite 350, Tampa FL 33606, and Donald L.
Ferguson, with an address of 11477 Olde Cabin Road, Suite 110, St. Louis, MO 63141, (“Guarantor”) is as follows: 
 In consideration of
Guarantor performing certain services for Biovest, to wit, acting as a Guarantor in connection with the guaranty (the “Guaranty”) of a loan transaction from Pulaski Bank and Trust Company (the “Pulaski Loan”) to Biovest in an
aggregate amount of $164,625.00, Biovest hereby indemnifies Guarantor and agrees and undertakes to hold Guarantor harmless from and against any and all claims, losses, actions, causes of actions, and liabilities of any kind, including without
limitation attorneys’ fees and costs associated with enforcement of the Guaranty, to the fullest extent permitted by law arising in connection with the guaranty of repayment of the Pulaski Loan, including, but not limited to, any amounts,
funds, assets, or collateral advanced or paid by Guarantor in connection with the guaranty of the Pulaski Loan. 
 This Indemnification shall not become
enforceable by Guarantor, and Guarantor shall not attempt to enforce or collect reimbursement, or exercise any rights in respect, of amounts paid by Guarantor on account of, or related to, the Guaranty, unless and until the following conditions are
met: 
 (i) the Guarantor shall have provided written notice to Laurus Master Fund, Ltd. c/o Laurus Capital Management, LLC, 825 Third Avenue, 14th Floor, New York, New York 10022 (or such other address designated by Laurus in writing) of Pulaski Bank and Trust
Company’s demand of payment (each, a “Demand”) by the Guarantor under the Guaranty and the payment of such Demand by the Guarantor (each, a “Demand Payment”), (ii) the Guarantor shall have provided to Biovest and Laurus
with written notice of its demand for indemnification in respect of the Demand Payment (“Payment and Indemnification Demand Notice”) and (iii) a period of at least one hundred and eighty (180) days shall have elapsed after the
receipt by Laurus of the Payment and Indemnification Demand Notice. Guarantor shall only be permitted to provide Biovest and Laurus with one Payment and Indemnification Demand Notice in any three hundred and sixty five (365) day period.

  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864
2554 f: 813 258 1621 
  

 

 
 This Agreement supersedes all prior agreements, written or oral, between the parties hereto (the “Parties”)
relating to the subject matter of this Agreement. This Agreement constitutes the final and complete understanding and agreement between the Parties concerning the subject matter hereof and shall be binding on, and inure to the benefit of, the
Parties and their respective successors and assigns. This Agreement may only be amended or modified by a further written agreement executed by an authorized representative of each Party hereto. 
 This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to constitute one
agreement. It is understood and agreed that if facsimile copies of this Agreement bearing facsimile signatures are exchanged between the Parties, such copies shall in all respects have the same weight, force and legal effect and shall be fully as
valid, binding, and enforceable as if such signed facsimile copies were original documents bearing original signature. 
  

			
	Biovest International, Inc.
		
	By:	 	/s/ James A. McNulty
		 	James A. McNulty, CFO & Secretary

  
  

	
	Agreed and Acknowledged:
	
	/s/ Donald L. Ferguson
	Donald L. Ferguson

  
  

			
	Laurus Master Fund, Ltd.
		
	By:	 	/s/ Eugene Grin
	 Name:
 Title:
	 	 Eugene Grin
 Director

  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864 2554 f: 813 258 1621Indemnification Agreement, issued by Biovest to Hopkins Capital Group II, LLC

 Exhibit 10.8 
 

 
 INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT, made on this 11th day of January 2007, by and between Biovest International, Inc. (“Biovest”), a Delaware corporation with a place of business at 324 South Hyde Park Ave., Suite 350, Tampa FL 33606, and Hopkins Capital
Group II, LLC, a Florida corporation with a place of business at 709 The Hamptons Lane, Town and Country, MO 63017, (“Guarantor”) is as follows: 
 In consideration of Guarantor performing certain services for Biovest, to wit, acting as a Guarantor in connection with the guaranty (the “Guaranty”) of a loan transaction from Pulaski Bank and Trust Company (the “Pulaski
Loan”) to Biovest in an aggregate amount of $1,000,000.00, Biovest hereby indemnifies Guarantor and agrees and undertakes to hold Guarantor harmless from and against any and all claims, losses, actions, causes of actions, and liabilities of any
kind, including without limitation attorneys’ fees and costs associated with enforcement of the Guaranty, to the fullest extent permitted by law arising in connection with the guaranty of repayment of the Pulaski Loan, including, but not
limited to, any amounts, funds, assets, or collateral advanced or paid by Guarantor in connection with the guaranty of the Pulaski Loan. 
 This
Indemnification shall not become enforceable by Guarantor, and Guarantor shall not attempt to enforce or collect reimbursement, or exercise any rights in respect, of amounts paid by Guarantor on account of, or related to, the Guaranty, unless and
until the following conditions are met: 
 (i) the Guarantor shall have provided written notice to Laurus Master Fund, Ltd. c/o Laurus Capital Management,
LLC, 825 Third Avenue, 14th Floor, New York, New York 10022 (or such other address designated by Laurus in writing)
of Pulaski Bank and Trust Company’s demand of payment (each, a “Demand”) by the Guarantor under the Guaranty and the payment of such Demand by the Guarantor (each, a “Demand Payment”), (ii) the Guarantor shall have
provided to Biovest and Laurus with written notice of its demand for indemnification in respect of the Demand Payment (“Payment and Indemnification Demand Notice”) and (iii) a period of at least one hundred and eighty (180) days
shall have elapsed after the receipt by Laurus of the Payment and Indemnification Demand Notice. Guarantor shall only be permitted to provide Biovest and Laurus with one Payment and Indemnification Demand Notice in any three hundred and sixty five
(365) day period. 
  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864 2554 f: 813 258 1621 
  
  

 

 
 This Agreement supersedes all prior agreements, written or oral, between the parties hereto (the “Parties”)
relating to the subject matter of this Agreement. This Agreement constitutes the final and complete understanding and agreement between the Parties concerning the subject matter hereof and shall be binding on, and inure to the benefit of, the
Parties and their respective successors and assigns. This Agreement may only be amended or modified by a further written agreement executed by an authorized representative of each Party hereto. 
 This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to constitute one
agreement. It is understood and agreed that if facsimile copies of this Agreement bearing facsimile signatures are exchanged between the Parties, such copies shall in all respects have the same weight, force and legal effect and shall be fully as
valid, binding, and enforceable as if such signed facsimile copies were original documents bearing original signature. 
  

			
	Biovest International, Inc.
		
	By:	 	/s/ James A. McNulty
		 	James A. McNulty, CFO & Secretary

 Agreed and Acknowledged: 
 Hopkins Capital Group, II, LLC 
  

			
	By:	 	/s/ Francis E. O’Donnell, Jr.
	Name:	 	Francis E. O’Donnell, Jr., M.D.
	Title:	 	Managing Partner

  

			
	Laurus Master Fund, Ltd.
		
	By:	 	/s/ Eugene Grin
	Name:	 	Eugene Grin
	Title:	 	Director

  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864 2554 f: 813 258 1621Indemnification Agreement, issued by Biovest to Ronald E. Osman

 Exhibit 10.9 
 

 
  
 INDEMNIFICATION AGREEMENT

 THIS AGREEMENT, made on this 11th day of January 2007, by and between Biovest International, Inc. (“Biovest”), a Delaware corporation with a place of business at 324 South Hyde Park
Ave., Suite 350, Tampa FL 33606, and Ronald E. Osman, with an address of 1602 West Kimmel Street, P.O. Box 939, Marion, IL 62959, (“Guarantor”) is as follows: 
 In consideration of Guarantor performing certain services for Biovest, to wit, acting as a Guarantor in connection with the guaranty (the “Guaranty”) of a loan transaction from Pulaski Bank and Trust Company
(the “Pulaski Loan”) to Biovest in an aggregate amount of $197,500.00, Biovest hereby indemnifies Guarantor and agrees and undertakes to hold Guarantor harmless from and against any and all claims, losses, actions, causes of actions, and
liabilities of any kind, including without limitation attorneys’ fees and costs associated with enforcement of the Guaranty, to the fullest extent permitted by law arising in connection with the guaranty of repayment of the Pulaski Loan,
including, but not limited to, any amounts, funds, assets, or collateral advanced or paid by Guarantor in connection with the guaranty of the Pulaski Loan. 
 This Indemnification shall not become enforceable by Guarantor, and Guarantor shall not attempt to enforce or collect reimbursement, or exercise any rights in respect, of amounts paid by Guarantor on account of, or related to, the Guaranty,
unless and until the following conditions are met: 
 (i) the Guarantor shall have provided written notice to Laurus Master Fund, Ltd. c/o Laurus Capital
Management, LLC, 825 Third Avenue, 14th Floor, New York, New York 10022 (or such other address designated by Laurus
in writing) of Pulaski Bank and Trust Company’s demand of payment (each, a “Demand”) by the Guarantor under the Guaranty and the payment of such Demand by the Guarantor (each, a “Demand Payment”), (ii) the Guarantor
shall have provided to Biovest and Laurus with written notice of its demand for indemnification in respect of the Demand Payment (“Payment and Indemnification Demand Notice”) and (iii) a period of at least one hundred and eighty
(180) days shall have elapsed after the receipt by Laurus of the Payment and Indemnification Demand Notice. Guarantor shall only be permitted to provide Biovest and Laurus with one Payment and Indemnification Demand Notice in any three hundred
and sixty five (365) day period. 
  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864 2554 f: 813 258 1621 
  

 

 
 This Agreement supersedes all prior agreements, written or oral, between the parties hereto (the “Parties”)
relating to the subject matter of this Agreement. This Agreement constitutes the final and complete understanding and agreement between the Parties concerning the subject matter hereof and shall be binding on, and inure to the benefit of, the
Parties and their respective successors and assigns. This Agreement may only be amended or modified by a further written agreement executed by an authorized representative of each Party hereto. 
 This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall be deemed to constitute one
agreement. It is understood and agreed that if facsimile copies of this Agreement bearing facsimile signatures are exchanged between the Parties, such copies shall in all respects have the same weight, force and legal effect and shall be fully as
valid, binding, and enforceable as if such signed facsimile copies were original documents bearing original signature. 
  

			
	Biovest International, Inc.
		
	By:	 	/s/ James A. McNulty
		 	James A. McNulty, CFO & Secretary

  
  

	
	Agreed and Acknowledged:
	
	/s/ Ronald E. Osman
	Ronald E. Osman

  
  

			
	Laurus Master Fund, Ltd.
		
	By:	 	/s/ Eugene Grin
	 Name:
 Title:
	 	 Eugene Grin
 Director

  
  

 324 S Hyde Park Avenue Suite 350 Tampa, Florida 33606 
 www.biovest.com t: 813 864 2554 f: 813 258 1621

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