Document:

exhibit_10_4

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EXHIBIT 10.4

PROPOSED AMENDED AND RESTATED
NPS PHARMACEUTICALS,
INC.

EMPLOYEE STOCK PURCHASE PLAN

 Proposed Amended and Restated

1994 EMPLOYEE STOCK PURCHASE PLAN

(as Amended by the Board of Directors on December 2002)

 1.    PURPOSE.

1.1    The purpose of the Employee Stock Purchase Plan (the “Plan”) is to provide a means by which employees of NPS Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), and its Affiliates, as defined in subparagraph 1.2, which are designated as provided in subparagraph 2.2, may be given an opportunity to purchase stock of the Company.

1.2   The word “Affiliate” as used in the Plan means any parent corporation or subsidiary corporation of the Company, as those terms are defined in Sections 424(e) and (f),
respectively, of the Internal Revenue Code of 1986, as amended (the “Code”).

1.3    The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new employees, and to provide incentives for such persons to exert
maximum efforts for the success of the Company.

1.4    The Company intends that the rights to purchase stock of the Company granted under the Plan be considered options issued under an “employee stock purchase plan” as that term is
defined in Section 423(b) of the Code.

 2.    ADMINISTRATION.

2.1  The Plan shall be administered by the Board of Directors (the “Board”) of the Company unless and until the Board delegates administration to a Committee, as provided in
subparagraph 2.3. Whether or not the Board has delegated administration, the Board shall have the final power to determine all questions of policy and expediency that may arise in the administration of the Plan.

2.2  The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan:

2.2.1  To determine when and how rights to purchase stock of the Company shall be granted and the provisions of each offering of such rights (which need not be identical).

   2.2.2  To designate from time to time
    which Affiliates of the Company shall be eligible to participate in the Plan.

2.2.3  To construe and interpret the Plan and rights granted under it, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power,
may correct any defect, omission or inconsistency in the Plan, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effective.

2.2.4  To amend the Plan as provided in paragraph 13.

2.2.5  Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests of the Company.

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2.3  The Board may delegate administration of the Plan to a Committee composed of not fewer than two (2) members of the Board (the “Committee”). If administration is delegated to a
Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from
time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan.

 3.    SHARES
  SUBJECT TO THE PLAN.

3.1  Subject to the provisions of paragraph 12 relating to adjustments upon changes in stock, the stock that may be sold pursuant to rights granted under the Plan shall not exceed in the
aggregate two hundred sixty thousand (360,000)260,000) shares of the Company’s common
stock (the “Common Stock”). If any right granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such right shall again become available for the Plan.

3.2  The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise.

4.    GRANT OF RIGHTS; OFFERING.

The Board or the Committee may from time to time grant or provide for the grant of rights to purchase Common Stock of the Company under the Plan to eligible employees (an “Offering”)
on a date or dates (the “Offering Date(s)”) selected by the Board or the Committee. Each Offering shall be in such form and shall contain such terms and conditions as the Board or the Committee shall deem appropriate. If an employee has
more than one right outstanding under the Plan, unless he or she otherwise indicates in agreements or notices delivered hereunder: (a) each agreement or notice delivered by that employee will be deemed to apply to all of his or her rights under the
Plan, and (b) a right with a lower exercise price (or an earlier-granted right, if two rights have identical exercise prices), will be exercised to the fullest possible extent before a right with a higher exercise price (or a later-granted right, if
two rights have identical exercise prices) will be exercised. The provisions of separate Offerings need not be identical, but each Offering shall include (through incorporation of the provisions of this Plan by reference in the Offering or
otherwise) the substance of the provisions contained in paragraphs 5 through 8, inclusive.

5.    ELIGIBILITY.

5.1  Rights may be granted only to employees of the Company or, as the Board or the
Committee may designate as provided in subparagraph 2.2, to employees of any Affiliate of the Company. Except as provided in subparagraph 5.2, an employee of the Company or any Affiliate shall not be eligible to be granted
rights under the Plan, unless, on the Offering Date, such employee has been in the employ of the Company or any Affiliate for such continuous period preceding such grant as the Board or the Committee may require, but in no event shall the required
period of continuous employment be equal to or greater than two (2) years. In addition, unless otherwise determined by the Board or the Committee and set forth in the terms of the applicable Offering, no employee of the Company or any Affiliate
shall be eligible to be granted rights under the Plan, unless, on the Offering Date, such employee’s customary employment with the Company or such Affiliate is at least twenty (20) hours per week and at least five (5) months per calendar
year.

5.2  The Board or the Committee may provide that, each person who, during the course of an Offering, first becomes an eligible employee of the Company or designated Affiliate will, on a date or
dates specified in the Offering which coincides with the day on which such person becomes an eligible employee or occurs thereafter, receive a right under that Offering, which right shall thereafter be deemed to

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be a part of that Offering. Such right shall have the same characteristics as any rights originally granted under that Offering, as described herein, except that:

5.2.1  the date on which such right is granted shall be the “Offering Date” of such right for all purposes, including determination of the purchase price of such right;

   5.2.2  the Offering Period (as defined below) for such right shall begin on its Offering
    Date and end coincident with the end of such Offering; and

5.2.3  the Board or the Committee may provide that if such person first becomes an eligible employee within a specified period of time before the end of the Offering Period (as defined below)
for such Offering, he or she will not receive any right under that Offering.

5.3  No employee shall be eligible for the grant of any rights under the Plan if, immediately after any such rights are granted, such employee owns stock possessing five percent (5%) or more of
the total combined voting power or value of all classes of stock of the Company or of any Affiliate. For purposes of this subparagraph 5.3, the rules of Section 424(d) of the Code shall apply in determining the stock ownership of any employee, and
stock which such employee may purchase under all outstanding rights and options shall be treated as stock owned by such employee.

5.4  An eligible employee may be granted rights under the Plan only if such rights, together with any other rights granted under “employee stock purchase plans” of the Company and any
Affiliates, as specified by Section 423(b)(8) of the Code, do not permit such employee’s rights to purchase stock of the Company or any Affiliate to accrue at a rate which exceeds twenty-five thousand dollars ($25,000) of fair market value of such
stock (determined at the time such rights are granted) for each calendar year in which such rights are outstanding at any time.

5.5  Officers of the Company and any designated Affiliate shall be eligible to participate in Offerings under the Plan, provided, however, that the Board may provide in an Offering that certain
employees who are highly compensated employees within the meaning of Section 423(b)(4)(D) of the Code shall not be eligible to participate.

6.    RIGHTS; PURCHASE PRICE.

6.1  On each Offering Date, each eligible employee, pursuant to an Offering made under the Plan, shall be granted the right to purchase up to the number of shares of Common Stock of the Company purchasable with a
percentage designated by the Board or the Committee not exceeding fifteen percent (15%) of such employee’s Earnings (as defined in Section 7(a)) during the period which begins on the Offering Date (or such later date as the Board or the Committee
determines for a particular Offering) and ends on the date stated in the Offering, which date shall be no more than twenty-seven (27) months after the Offering Date (the “Offering Period”). In connection with each Offering made under this
Plan, the Board or the Committee shall specify a maximum number of shares which may be purchased by any employee as well as a maximum aggregate number of shares which may be purchased by all eligible employees pursuant to such Offering. In addition,
in connection with each Offering which contains more than one Purchase Date and a corresponding Purchase Period (as defined in the Offering), the Board or the Committee may specify a maximum aggregate number of shares which may be purchased by all
eligible employees on any given Purchase Date under the Offering. If the aggregate purchase of shares upon exercise of rights granted under the Offering would exceed any such maximum aggregate number, the Board or the Committee shall make a pro rata
allocation of the shares available in as nearly a uniform manner as shall be practicable and as it shall deem to be equitable.

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6.2  The purchase price of stock acquired pursuant to rights granted under the Plan shall be not less than the lesser of:

6.2.1  an amount equal to eighty-five percent (85%) of the fair market value of the stock on the Offering Date; or

6.2.2  an amount equal to eighty-five percent (85%) of the fair market value of the stock on the Purchase Date.

6.3  In the event that the fair market value of the shares on a Purchase Date of an Offering Period is less than the fair market value of the shares on the Offering Date for such Offering
Period, then every participant shall automatically (a) be withdrawn from such Purchase Period at the close of such Purchase Date (after the acquisition of shares for such Purchase Period), and (b) be re-enrolled on the first business day subsequent
to such Purchase Date with such date now constituting the “Offering Date” for all purposes, including determination of the Purchase Price of such right.

7.    PARTICIPATION; WITHDRAWAL; TERMINATION.

7.1  An eligible employee may become a participant in an Offering by delivering a participation agreement to the Company within the time specified in the Offering, in such form as the Company
provides. Each such agreement shall authorize payroll deductions of up to the maximum percentage specified by the Board or the Committee of such employee’s Earnings during the Offering Period. “Earnings” is defined as the total
compensation paid to an employee, including all salary, wages (including amounts elected to be deferred by the employee, that would otherwise have been paid, under any cash or deferred arrangement established by the Company), overtime pay,
commissions, bonuses, and other remuneration paid directly to the employee, but excluding profit sharing, the cost of employee benefits paid for by the Company, education or tuition reimbursements, imputed income arising under any Company group
insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company under any employee benefit plan, and similar items of compensation. The
payroll deductions made for each participant shall be credited to an account for such participant under the Plan and shall be deposited with the general funds of the Company. A participant may reduce (including to zero), increase or begin such
payroll deductions after the beginning of any Purchase Period only as provided for in the Offering. A participant may make additional payments into his or her account only if specifically provided for in the Offering and only if the participant has
not had the maximum amount withheld during the Purchase Period.

7.2  At any time during an Offering Period a participant may terminate his or her payroll deductions under the Plan and withdraw from the Offering by delivering to the Company a notice of
withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering Period except as provided by the Board or the Committee in the Offering. Upon such withdrawal from the Offering by a
participant, the Company shall distribute to such participant all of his or her accumulated payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest,
and such participant’s interest in that Offering shall be automatically terminated. A participant’s withdrawal from an Offering will have no effect upon such participant’s eligibility to participate in any other Offerings under the Plan but such
participant will be required to deliver a new participation agreement in order to participate in subsequent Offerings under the Plan.

7.3  Rights granted pursuant to any Offering under the Plan shall terminate immediately upon cessation of any participating employee’s employment with the Company and any designated Affiliate,
for any reason, and the Company shall distribute to such terminated employee all of his or her accumulated

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payroll deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the terminated employee), under the Offering, without interest.

7.4  Rights granted under the Plan shall not be transferable, and, except as provided in Section 14, shall be exercisable only by the person to whom such rights are granted.

8.    EXERCISE.

8.1  On each purchase date, as defined in the relevant Offering (a “Purchase Date”), each participant’s accumulated payroll deductions and other additional payments specifically
provided for in the Offering (without any increase for interest) will be applied to the purchase of whole shares of stock of the Company, up to the maximum number of shares permitted pursuant to the terms of the Plan and the applicable Offering, at
the purchase price specified in the Offering. No fractional shares shall be issued upon the exercise of rights granted under the Plan. The amount, if any, of accumulated payroll deductions remaining in each participant’s account after the purchase
of shares which is less than the amount required to purchase one share of stock on the final Purchase Date of an Offering shall be held in each such participant’s account for the purchase of shares under the next Offering under the Plan, unless such
participant withdraws from such next Offering, as provided in subparagraph 7.2, or is no longer eligible to be granted rights under the Plan, as provided in paragraph 5, in which case such amount shall be distributed to the participant after said
final Purchase Date of the Offering, without interest. The amount, if any, of accumulated payroll deductions remaining in any participant’s account after the purchase of shares which is equal to the amount required to purchase whole shares of stock
on the final Purchase Date of an Offering shall be distributed in full to the participant after such Purchase Date, without interest.

8.2  No rights granted under the Plan may be exercised to any extent unless the Plan (including rights granted thereunder) is covered by an effective registration statement pursuant to the
Securities Act of 1933, as amended (the “Securities Act”). If on a Purchase Date of any Offering hereunder the Plan is not so registered, no rights granted under the Plan or any Offering shall be exercised on said Purchase Date and the
Purchase Date shall be delayed until the Plan is subject to such an effective registration statement, except that the Purchase Date shall not be delayed more than two (2) months and the Purchase Date shall in no event be more than twenty-seven (27)
months from the Offering Date. If on the Purchase Date of any Offering hereunder, as delayed to the maximum extent permissible, the Plan is not registered, no rights granted under the Plan or any Offering shall be exercised and all payroll
deductions accumulated during the Offering Period (reduced to the extent, if any, such deductions have been used to acquire stock) shall be distributed to the participants, without interest.

9.    COVENANTS OF THE COMPANY.

9.1  During the terms of the rights granted under the Plan, the Company shall keep available at all times the number of shares of stock required to satisfy such rights.

9.2  The Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to issue and sell shares of stock upon
exercise of the rights granted under the Plan. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the lawful issuance and sale
of stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell stock upon exercise of such rights unless and until such authority is obtained.

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 10.   USE OF
  PROCEEDS FROM STOCK. 

Proceeds from the sale of stock pursuant to rights granted under the Plan shall constitute general funds of the Company.

11.   RIGHTS AS A STOCKHOLDER.

A participant shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares subject to rights granted under the Plan unless and until the
participant’s shareholdings acquired upon exercise of rights hereunder are recorded in the books of the Company.

12.   ADJUSTMENTS UPON CHANGES IN STOCK.

12.1  If any change is made in the stock subject to the Plan, or subject to any rights granted under the Plan (through merger, consolidation, reorganization, recapitalization, stock dividend,
dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or otherwise), the Plan and outstanding rights will be appropriately adjusted in the class(es) and
maximum number of shares subject to the Plan and the class(es) and number of shares and price per share of stock subject to outstanding rights.

12.2  In the event of: (a) a dissolution or liquidation of the Company; (b) a merger or consolidation in which the Company is not the surviving corporation; (c) a reverse merger in which the
Company is the surviving corporation but the shares of the Company’s Common Stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; (d) a
strategic corporate event, such as a merger or acquisition, where the Company is technically the surviving entity, but where other elements of a change of control are present, i.e. change in management team or board composition; (e) a transaction
which the Board determines in its sole discretion to constitute a change in control of the Company; or (f) any other capital reorganization in which more than fifty percent (50%) of the shares of the Company entitled to vote are exchanged, then, as
determined by the Board in its sole discretion (i) any surviving corporation may assume outstanding rights or substitute similar rights for those under the Plan, (ii) such rights may continue in full force and effect, or (iii) participants’
accumulated payroll deductions may be used to purchase Common Stock immediately prior to the transaction described above and the participants’ rights under the ongoing Offering terminated.

13.   AMENDMENT OF THE PLAN.

13.1 The Board at any time, and from time to time, may amend the Plan. However, except as provided in paragraph 12 relating to adjustments upon changes in stock, no amendment shall be effective
unless approved by the stockholders of the Company within twelve (12) months before or after the adoption of the amendment, where the amendment will:

13.1.1  Increase the number of shares reserved for rights under the Plan;

13.1.2  Modify the provisions as to eligibility for participation in the Plan (to the extent such modification requires stockholder approval in order for the Plan to obtain employee stock
purchase plan treatment under Section 423 of the Code or to comply with the requirements of Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (“Rule 16b-3”)); or

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13.1.3  Modify the Plan in any other way if such modification requires stockholder approval in order for the Plan to obtain employee stock purchase plan treatment under Section 423 of the Code
or to comply with the requirements of Rule 16b-3.

It is expressly contemplated that the Board may amend the Plan in any respect the Board deems necessary or advisable to provide eligible employees with the maximum benefits provided or to be provided under the provisions of
the Code and the regulations promulgated thereunder relating to employee stock purchase plans and/or to bring the Plan and/or rights granted under it into compliance therewith.

13.2  Rights and obligations under any rights granted before amendment of the Plan shall not be altered or impaired by any amendment of the Plan, except with the consent of the person to whom
such rights were granted or except as necessary to comply with any laws or governmental regulation.

14.   DESIGNATION OF BENEFICIARY.

14.1  A participant may file a written designation of a beneficiary who is to receive any shares and cash, if any, from the participant’s account under the Plan in the event of such
participant’s death subsequent to the end of an Offering but prior to delivery to him of such shares and cash. In addition, a participant may file a written designation of a beneficiary who is to receive any cash from the participant’s account under
the Plan in the event of such participant’s death during an Offering Period.

14.2  Such designation of beneficiary may be changed by the participant at any time by written notice. In the event of the death of a participant and in the absence of a beneficiary validly
designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate of the participant, or if no such executor or administrator has been
appointed (to the knowledge of the Company, the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the participant, or if no spouse, dependent or relative is known to the
Company, then to such other person as the Company may designate.

15.   TERMINATION OR SUSPENSION OF THE PLAN.

15.1  The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on midnight,March 19,
2013.January 6, 2004.No rights may be granted under the Plan while the Plan is suspended or after it is terminated.

15.2  Rights and obligations under any rights granted while the Plan is in effect shall not be altered or impaired by suspension or termination of the Plan, except with the consent of the person
to whom such rights were granted or except as necessary to comply with any laws or governmental regulation.

16.   EFFECTIVE DATE OF PLAN.

The Plan shall become effective as determined by the Board, but no rights granted under the Plan shall be exercised unless and until the Plan has been approved by the stockholders of the
Company.

  7Prepared and filed by St Ives Burrups

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EXHIBIT 10.5

  FORM OF MOMENTUM MERGER CORPORATION

  INDEMNIFICATION AGREEMENT

  MOMENTUM MERGER CORPORATION

  

  INDEMNIFICATION AGREEMENT

 
 THIS INDEMNIFICATION AGREEMENT
    (this “Agreement”) is made and entered into this
    ______ day of ________, 2003, by and between Momentum Merger Corporation,
    a Delaware corporation (the “Corporation”), and ________________
    (“Indemnitee”).

  WHEREAS, the Corporation
    and Indemnitee recognize the significant cost of directors’ and officers’
    liability insurance and the general reductions in the coverage of such insurance;

WHEREAS, the Corporation
    and Indemnitee further recognize the substantial increase in corporate litigation
    in general, subjecting officers and directors to expensive litigation risks
    at the same time as the coverage of liability insurance has been severely
    limited; and

WHEREAS, the Corporation
    desires to attract and retain the services of highly qualified individuals,
    such as Indemnitee, to serve as officers and directors of the Corporation
    and to indemnify its officers and directors so as to provide them with the
    maximum protection permitted by law.

NOW, THEREFORE, in consideration
    for Indemnitee’s services as an officer or director of the Corporation,
    the Corporation and Indemnitee hereby agree as follows:

1.    Services
    to the Corporation. With duties to begin on _____________, Indemnitee
    will serve, at the will of the Corporation or under separate contract, if
    any such contract exists, as a director of the Corporation or as a director,
    officer or other fiduciary of an affiliate of the Corporation (including any
    employee benefit plan of the Corporation) faithfully and to the best of Indemnitee’s
    ability so long as Indemnitee is duly elected and qualified or appointed in
    accordance with the provisions of the Bylaws or other applicable charter documents
    of the Corporation or such affiliate; provided, however, that Indemnitee
    may at any time and for any reason resign from such position (subject to any
    contractual obligation that Indemnitee may have assumed apart from this Agreement)
    and that the Corporation or any affiliate shall have no obligation under this
    Agreement to continue Indemnitee in any such position.

2.    Indemnification.

  (a)    Third Party
    Proceedings. The Corporation shall indemnify Indemnitee if Indemnitee
    is or was a party or is threatened to be made a party to any threatened, pending
    or completed action, suit, proceeding or any alternative dispute resolution
    mechanism, whether civil, criminal, administrative or investigative (other
    than an action by or in the right of the Corporation) by reason of the fact
    that Indemnitee is or was a director, officer, employee or agent of the Corporation,
    or any subsidiary of the Corporation, or by reason of the fact that Indemnitee
    is or was serving at the request of the Corporation as a director, officer,
    employee or agent of another corporation, partnership, joint venture, trust
    or other enterprise, against expenses (including attorneys’ fees), judgments,
    fines and amounts paid in settlement (if such settlement is approved in advance
    by the Corporation, which approval shall not be unreasonably withheld) actually
    and reasonably incurred by Indemnitee in connection with such action, suit
    or 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,
    and, with respect to any criminal action or proceeding, had no reasonable
    cause to believe Indemnitee’s conduct was unlawful. 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 Indemnitee did not act in good faith and
    in a manner which Indemnitee reasonably believed to be in or not opposed to
    the best interests of the Corporation, and, with respect to any criminal action
    or proceeding, had reasonable cause to believe that Indemnitee’s conduct
    was unlawful.

 

(b)    Proceedings
    by or in the Right of the Corporation. The Corporation shall indemnify
    Indemnitee if Indemnitee was or is a party or is threatened to be made a party
    to any threatened, pending or completed action or suit by or in the right
    of the Corporation or any subsidiary of the Corporation to procure a judgment
    in its favor by reason of the fact that Indemnitee is or was a director, officer,
    employee or agent of the Corporation, or any subsidiary of the Corporation,
    or by reason of the fact that Indemnitee is or was serving at the request
    of the Corporation as a director, officer, employee or agent of another corporation,
    partnership, joint venture, trust or other enterprise, against expenses (including
    attorneys’ fees) and, to the fullest extent permitted by law, amounts
    paid in settlement actually and reasonably incurred by Indemnitee in connection
    with the defense or settlement of such action or suit 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, except that no indemnification
    shall be made in respect of any claim, issue or matter as to which Indemnitee
    shall have been adjudged to be liable to the Corporation unless and only to
    the extent that the Court of Chancery of the State of Delaware or the court
    in which such action or suit was brought shall determine upon application
    that, despite the adjudication of liability but in view of all the circumstances
    of the case, Indemnitee is fairly and reasonably entitled to indemnity for
    such expenses which the Court of Chancery of the State of Delaware or such
    other court shall deem proper.

(c)    Mandatory
    Payment of Expenses. To the extent that Indemnitee has been successful
    on the merits or otherwise in defense of any action, suit or proceeding referred
    to in Section 2(a) or Section 2(b) above, or in defense
    of any claim, issue or matter therein, Indemnitee shall be indemnified against
    expenses (including attorneys’ fees) actually and reasonably incurred
    by Indemnitee in connection therewith.

3.    Expenses;
    Indemnification Procedure.

(a)    Advancement
    of Expenses. The Corporation shall advance all expenses incurred by Indemnitee
    in connection with the investigation, defense, settlement or appeal of any
    civil or criminal action, suit or proceeding referenced in Section 2(a)
    or Section 2(b) above (but not amounts actually paid in settlement
    of any such action, suit or proceeding). Indemnitee hereby undertakes to repay
    such amounts advanced only if, and to the extent that, it shall ultimately
    be determined that Indemnitee is not entitled to be indemnified by the Corporation
    as authorized hereby. The advances to be made hereunder shall be paid by the
    Corporation to Indemnitee within thirty (30) days following delivery
    of a written request therefor by Indemnitee to the Corporation.

  (b)    Notice/Cooperation
    by Indemnitee. Indemnitee shall, as a condition precedent to his right
    to be indemnified under this Agreement, give the Corporation notice in writing
    as soon as practicable of any claim made against Indemnitee for which indemnification
    will or could be sought under this Agreement. Notice to the Corporation shall
    be directed to the President of the Corporation at the address shown on the
    signature page of this Agreement (or such other address as the Corporation
    shall designate in writing to Indemnitee). Notice shall be deemed received
    three (3) business days after the date postmarked if sent by domestic certified
    or registered mail, properly addressed, five business days if sent by airmail
    to a country outside of North America; otherwise notice shall be deemed received
    when such notice shall actually be received by the Corporation. In addition,
    Indemnitee shall give the Corporation such information and cooperation as
    it may reasonably require and as shall be within Indemnitee’s power.

-2-

  (c)    Procedure.
    Any indemnification and advances provided for in Section 2 above
    and this Section 3 shall be made no later than thirty (30) days
    after receipt of the written request of Indemnitee. If a claim under this
    Agreement, under any statute, or under any provision of the Corporation’s
    Certificate of Incorporation or Bylaws providing for indemnification, is not
    paid in full by the Corporation within thirty (30) days after a written request
    for payment thereof has first been received by the Corporation, Indemnitee
    may, but need not, at any time thereafter bring an action against the Corporation
    to recover the unpaid amount of the claim and, subject to Section 13
    of this Agreement, Indemnitee shall also be entitled to be paid for the expenses
    (including attorneys’ fees) of bringing such action. It shall be a defense
    to any such action (other than an action brought to enforce a claim for expenses
    incurred in connection with any action, suit or proceeding in advance of its
    final disposition) that Indemnitee has not met the standards of conduct which
    make it permissible under applicable law for the Corporation to indemnify
    Indemnitee for the amount claimed. However, Indemnitee shall be entitled to
    receive interim payments of expenses pursuant to Section 3(a) above
    unless and until such defense may be finally adjudicated by court order or
    judgment from which no further right of appeal exists. It is the parties’
    intention that if the Corporation contests Indemnitee’s right to indemnification,
    the question of Indemnitee’s right to indemnification shall be for the
    court to decide, and neither the failure of the Corporation (including its
    Board of Directors, any committee or subgroup of the Board of Directors, independent
    legal counsel, or its stockholders) to have made a determination that indemnification
    of Indemnitee is proper in the circumstances because Indemnitee has met the
    applicable standard of conduct required by applicable law, nor an actual determination
    by the Corporation (including it Board of Directors, any committee or subgroup
    of the Board of Directors, independent legal counsel, or its stockholders)
    that Indemnitee has not met such applicable standard of conduct, shall create
    a presumption that Indemnitee has or has not met the applicable standard of
    conduct.

(d)    Notice
    to Insurers. If, at the time of the receipt of a notice of a claim pursuant
    to Section 3(b) above, the Corporation has director and officer
    liability insurance in effect, the Corporation 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 Corporation shall thereafter
    take all necessary or desirable action 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.

  (e)    Selection
    of Counsel. In the event the Corporation shall be obligated under Section 3(a)
    above to pay the expenses of any proceeding against Indemnitee, the Corporation,
    if appropriate, shall be entitled to assume the defense of such proceeding,
    with counsel approved by 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 (i) Indemnitee shall have the right
    to employ his counsel in any such proceeding at Indemnitee’s expense;
    and (ii) if (A) the employment of counsel by Indemnitee has been
    previously authorized by the Corporation, (B) Indemnitee shall have reasonably
    concluded that there may be a conflict of interest between the Corporation
    and Indemnitee in the conduct of any such defense, or (C) the Corporation
    shall not, in fact, have employed counsel to assume the defense of such proceeding,
    then the fees and expenses of Indemnitee’s counsel shall be at the expense
    of the Corporation.

-3-

  4.    Additional
    Indemnification Rights; Nonexclusivity.

(a)    Scope.
    Notwithstanding any other provision of this Agreement, the Corporation hereby
    agrees to indemnify the Indemnitee to the fullest extent permitted by law,
    notwithstanding that such indemnification is not specifically authorized by
    the other provisions of this Agreement, the Corporation’s Certificate
    of Incorporation, the Corporation’s Bylaws or by statute. In the event
    of any change, after the date of this Agreement, in any applicable law, statute,
    or rule which expands the right of a Delaware corporation to indemnify a member
    of its board of directors or an officer, such changes shall be, ipso facto,
    within the purview of Indemnitee’s rights and Corporation’s obligations,
    under this Agreement. In the event of any change in any applicable law, statute
    or rule which narrows the right of a Delaware corporation to indemnify a member
    of its board of directors or an officer, such changes, to the extent not otherwise
    required by such law, statute or rule to be applied to this Agreement shall
    have no effect on this Agreement or the parties’ rights and obligations
    hereunder.

(b)    Nonexclusivity.
    The indemnification provided by this Agreement shall not be deemed exclusive
    of any rights to which Indemnitee may be entitled under the Corporation’s
    Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders
    or disinterested Directors, the General Corporation Law of the State of Delaware,
    or otherwise, both as to action in Indemnitee’s official capacity and
    as to action in another capacity while holding such office. The indemnification
    provided under this Agreement shall continue as to Indemnitee for any action
    taken or not taken while serving in an indemnified capacity even though he
    may have ceased to serve in such capacity at the time of any action, suit
    or other covered proceeding.

5.    Partial
    Indemnification. If Indemnitee is entitled under any provision of this
    Agreement to indemnification by the Corporation for some or a portion of the
    expenses, judgments, fines or penalties actually or reasonably incurred by
    him in the investigation, defense, appeal or settlement of any civil or criminal
    action, suit or proceeding, but not, however, for the total amount thereof,
    the Corporation shall nevertheless indemnify Indemnitee for the portion of
    such expenses, judgments, fines or penalties to which Indemnitee is entitled.

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

  7.    Officer
    and Director Liability Insurance. The Corporation shall, from time to
    time, make the good faith determination whether or not it is practicable for
    the Corporation to obtain and maintain a policy or policies of insurance with
    reputable insurance companies providing the officers and directors of the
    Corporation with coverage for losses from wrongful acts, or to ensure the
    Corporation’s performance of its indemnification obligations under this
    Agreement. Among other considerations, the Corporation will weigh the costs
    of obtaining such insurance coverage against the protection afforded by such
    coverage. In all policies of director and officer liability insurance, Indemnitee
    shall be named as an insured in such a manner as to provide Indemnitee the
    same rights and benefits as are accorded to the most favorably insured of
    the Corporation’s directors, if Indemnitee is a director; or of the Corporation’s
    officers, if Indemnitee is not a director of the Corporation but is an officer.
    Notwithstanding the foregoing, the Corporation shall have no obligation to
    obtain or maintain such insurance if the Corporation determines in good faith
    that such insurance is not reasonably available, if the premium costs for
    such insurance are disproportionate to the amount of coverage provided, if
    the coverage provided by such insurance is limited by exclusions so as to
    provide an insufficient benefit, or if Indemnitee is covered by similar insurance
    maintained by a subsidiary or parent of the Corporation.

-4-

  8.    Severability.
    Nothing in this Agreement is intended to require or shall be construed as
    requiring the Corporation to do or fail to do any act in violation of applicable
    law. The Corporation’s inability, pursuant to court order, to perform
    its obligations under this Agreement shall not constitute a breach of this
    Agreement. The provisions of this Agreement shall be severable as provided
    in this Section 8. If this Agreement or any portion hereof shall
    be invalidated on any ground by any court of competent jurisdiction, then
    the Corporation shall nevertheless indemnify Indemnitee to the full extent
    permitted by any applicable portion of this Agreement that shall not have
    been invalidated, and the balance of this Agreement not so invalidated shall
    be enforceable in accordance with its terms.

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

(a)    Claims
    Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
    with respect to proceedings or claims initiated or brought voluntarily by
    Indemnitee and not by way of defense, except with respect to proceedings brought
    to establish or enforce a right to indemnification under this Agreement or
    any other statute or law or otherwise as required under Section 145 of
    the Delaware General Corporation Law, but such indemnification or advancement
    of expenses may be provided by the Corporation in specific cases if the Board
    of Directors has approved the initiation or bringing of such suit; or

(b)    Lack of
    Good Faith. To indemnify Indemnitee for any expenses incurred by the Indemnitee
    with respect to any proceeding instituted by Indemnitee to enforce or interpret
    this Agreement, if a court of competent jurisdiction determines that each
    of the material assertions made by the Indemnitee in such proceeding was not
    made in good faith or was frivolous; or

(c)    Insured
    Claims. To indemnify Indemnitee for expenses or liabilities of any type
    whatsoever (including, but not limited to, judgments, fines, ERISA excise
    taxes or penalties, and amounts paid in settlement) which have been paid directly
    to Indemnitee by an insurance carrier under a policy of officers’ and
    directors’ liability insurance maintained by the Corporation; or

(d)    Claims
    Under Section 16(b). To indemnify Indemnitee for expenses and the
    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; or 

(e)    Excluded
    Acts or Omissions. (i) To indemnify Indemnitee for Indemnitee’s
    acts, omissions or transactions from which Indemnitee may not be indemnified
    under applicable law (in this respect, both the Corporation and Indemnitee
    have been advised that the Securities and Exchange Commission believes that
    indemnification for liabilities arising under the Federal securities laws
    is against public policy and is, therefore, unenforceable and that claims
    for indemnification should be submitted to appropriate courts for adjudication);
    and (ii) to indemnify Indemnitee for Indemnitee’s intentional acts or
    transactions in violation of the Corporation’s policies.

-5-

  10.    Construction
    of Certain Phrases.

  (a)    For purposes
    of this Agreement, references to the “Corporation”
    shall include, in addition to the resulting corporation, any constituent corporation
    (including any constituent of a constituent) absorbed in a consolidation or
    merger which, if its separate existence had continued, would have had power
    and authority to indemnify its directors, officers, and employees or agents,
    so that if Indemnitee is or was a director, officer, employee or agent of
    such constituent corporation, or is or was serving at the request of such
    constituent corporation as a director, officer, employee or agent of another
    corporation, partnership, joint venture, trust or other enterprise, Indemnitee
    shall stand in the same position under the provisions of this Agreement with
    respect to the resulting or surviving corporation as Indemnitee would have
    with respect to such constituent corporation if its separate existence had
    continued.

  (b)    For purposes
    of this Agreement, references to “other enterprises”
    shall include employee benefit plans; references to “fines”
    shall include any excise taxes assessed on Indemnitee with respect to an employee
    benefit plan; and references to “serving at the request of the
    Corporation” shall include any service as a director, officer,
    employee or agent of the Corporation which imposes duties on, or involves
    services by, such director, officer, employee or agent with respect to an
    employee benefit plan, its participants, or beneficiaries; and if Indemnitee
    acted in good faith and in a manner Indemnitee reasonably believed to be in
    the interest of the participants and beneficiaries of an employee benefit
    plan, Indemnitee shall be deemed to have acted in a manner “not
    opposed to the best interests of the Corporation” as referred
    to in this Agreement.

11.    Counterparts.
    This Agreement may be executed in one or more counterparts, each of which
    shall constitute an original.

12.    Survival;
    Successors and Assigns. Unless otherwise provided in this Agreement, the
    rights conferred upon Indemnitee under this Agreement shall continue after
    Indemnitee has ceased to be a director, officer, employee or agent of the
    Corporation, or any subsidiary of the Corporation, or by reason of the fact
    that Indemnitee or has ceased to serve at the request of the Corporation as
    a director, officer, employee or agent of another corporation, partnership,
    joint venture, trust or other enterprise. This Agreement shall be binding
    upon the Corporation and its successors and assigns, and shall inure to the
    benefit of Indemnitee and Indemnitee’s estate, heirs, legal representatives
    and assigns.

13.    Attorneys’
    Fees.  In the event that any action is instituted by Indemnitee
    under this Agreement to enforce or interpret any of the terms hereof, Indemnitee
    shall be entitled to be paid all court costs and expenses, including reasonable
    attorneys’ fees, incurred by Indemnitee with respect to such action,
    unless as a part of such action, the court of competent jurisdiction determines
    that each of the material assertions made by Indemnitee as a basis for such
    action were not made in good faith or were frivolous. In the event of an action
    instituted by or in the name of the Corporation under this Agreement or to
    enforce or interpret any of the terms of this Agreement, Indemnitee shall
    be entitled to be paid all court costs and expenses, including attorneys’
    fees, incurred by Indemnitee in defense of such action (including with respect
    to Indemnitee’s counterclaims and cross-claims made in such action),
    unless as a part of such action the court determines that each of Indemnitee’s
    material defenses to such action were made in bad faith or were frivolous.

  14.    Notice.
    Except as otherwise provided in this Agreement, all notices, requests, demands
    and other communications under this Agreement shall be in writing and shall
    be deemed duly given (i) if delivered by hand and receipted for by the
    party addressee, on the date of such receipt, or (ii) if mailed by domestic
    certified or registered mail with postage prepaid, on the third (3RD)
    business day after the date postmarked. All notices and other communications
    hereunder shall be in writing and shall be deemed duly given (i) on the
    date of delivery if delivered personally, (ii) on the date of confirmation
    of receipt (or, the first business day following such receipt if the date
    is not a business day) of transmission by telecopy or telefacsimile, or (iii) on
    the date of confirmation of receipt (or, the first business day following
    such receipt if the date is not a business day) if delivered by a nationally
    recognized courier service. Addresses for notice to either party are as shown
    on the signature page of this Agreement, or pursuant to such other instructions
    as may be designated in writing in accordance with this Section 14
    by the party to receive such notice.

-6-

  15.    Consent
    to Jurisdiction. The Corporation and Indemnitee each hereby irrevocably
    consent to the jurisdiction of the courts of the State of Delaware for all
    purposes in connection with any action or proceeding which arises out of or
    relates to this Agreement and agree that any action instituted under this
    Agreement shall be brought only in the state courts of the State of Delaware.

16.    Choice
    of Law. This Agreement shall be governed by and its provisions construed
    in accordance with the laws of the State of Delaware, as applied to contracts
    between Delaware residents entered into and to be performed entirely within
    Delaware without regard to the conflict of law principles thereof.

17.    Period
    of Limitations. No legal action shall be brought and no cause of action
    shall be asserted by or in the right of the Corporation against Indemnitee,
    Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives
    after the expiration of two years from the date of accrual of such cause of
    action, and any claim or cause of action of the Corporation shall be extinguished
    and deemed released unless asserted by the timely filing of a legal action
    within such two-year period; provided, however, that if any shorter
    period of limitations is otherwise applicable to any such cause of action,
    such shorter period shall govern.

18.    Subrogation.
    In the event of payment under this Agreement, the Corporation shall be subrogated
    to the extent of such payment to all of the rights of recovery of Indemnitee,
    who shall execute all documents required and shall do all acts that may be
    necessary to secure such rights and to enable the Corporation effectively
    to bring suit to enforce such rights.

19.    Amendment
    and Termination. No amendment, modification, termination or cancellation
    of this Agreement shall be effective unless it is in writing signed by both
    the parties hereto. No waiver of any of the provisions of this Agreement shall
    be deemed or shall constitute a waiver of any other provisions hereof (whether
    or not similar) nor shall such waiver constitute a continuing waiver.

20.    Integration
    and Entire Agreement. This Agreement sets forth the entire understanding
    between the parties hereto and supersedes and merges all previous written
    and oral negotiations, commitments, understandings and agreements relating
    to the subject matter hereof between the parties hereto.

-7-

  IN WITNESS WHEREOF, the parties
    hereto have executed this Agreement as of the date first above written.

	 	 
	 	MOMENTUM MERGER CORPORATION
	 	 
	 	By:
	 	 	

	 	Name:
	 	 	

	 	Title: 
	 	 	

	 	 
	 	Address:	 	685 Route 202/206

      Bridgewater, New Jersey 08807
	 	 
	 	 
	 	INDEMNITEE
	 	 
	 	

	 	Signature
	 	 
	 	

	 	Print Name and Title
	 	 
	 	 
	 	Address:
	 	 	 	

	 	 	 	 
	 	 	 	

	 	 	 	 
	 	 	 	

[SIGNATURE
  PAGE TO MOMENTUM MERGER
  CORPORATION INDEMNIFICATION AGREEMENT]

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