Document:

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

 

This Amendment No.
1 to Employment Agreement (this “Amendment”) is made as of August 13, 2013, by and between WidePoint Corporation (the
“Company”) and James T. McCubbin (“Executive”). Capitalized terms not otherwise defined herein shall have
the meanings assigned to such terms in the Original Agreement (as defined below).

 

WHEREAS, the Company
and Executive are parties to that certain Employment Agreement, dated August 13, 2010 and effective as of July 1, 2010 (the “Original
Agreement”);

 

WHEREAS, on June 27,
2012, the Company and Executive exercised their mutual option to extend the term of the Original Agreement to June 30, 2013; and

 

WHEREAS, the parties
desire to amend the Original Agreement as set forth herein to memorialize a change in certain employment terms in connection therewith.

 

NOW, THEREFORE, in
consideration of the mutual covenants and undertakings herein contained, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto intending to be legally bound do hereby agree as follows:

 

1.Effective as
of July 1, 2013, Section 2 of the Original Agreement is hereby amended to provide that the term of Executive’s employment
under the Original Agreement may be extended for an additional six (6) months from June 30, 2013 through and including December
31, 2013 (the “Extension Option”), at the same Base Salary and benefits as in effect immediately prior to the exercise
of the Extension Option.

 

2.The parties hereby
exercise the Extension Option to be effective as of July 1, 2013.

 

3Except as expressly
provided for in this Amendment, all of the terms, conditions and provisions of the Original Agreement remain unaltered and are
in full force and effect and are expressly hereby ratified and confirmed. The Original Agreement and this Amendment shall be read
and construed as one agreement.

 

4If any provision
of this Amendment is construed to be invalid, illegal or unenforceable by a court of competent jurisdiction, then the remaining
provisions hereof shall not be affected thereby and shall be enforceable without regard thereto.

 

5This Amendment
may be executed in any number of counterparts, each of which when so executed and delivered shall be an original hereof, and it
shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart hereof. The
parties further agree that facsimile signatures or signatures scanned into .pdf (or similar) format and sent by e-mail shall be
deemed original signatures.

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Amendment No. 1 to Employment Agreement as of the date first written above.

  

EXECUTIVE:

  

	/s/ James T. McCubbin	 
	James T. McCubbin	 

 

WIDEPOINT CORPORATION

 

	By:/s/ Steve L. Komar	 
	  Steve L. Komar	 
	  Chief Executive Officer	 

 

    	2EXHIBIT 10.1

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT, dated as of the ____ day of ________, 20__, is between CASTLE BRANDS INC., a Florida corporation (the “Company”),
and __________________ (the “Indemnitee”).

 

Recitals

 

A.The Indemnitee
is currently serving as a director and/or executive officer of the Company and the Company desires to continue to retain the services
of the Indemnitee as a director and/or executive officer of the Company.

 

B.The Company and
the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public
companies and the subsidiaries of such companies.

 

C.The Articles
of Incorporation of the Company, as amended (the “Articles of Incorporation”), provide for indemnification to
its directors and officers and eliminates or limits the liability of a director or officer to the fullest extent authorized or
permitted by the Florida Business Corporation Act (the “Florida Act”), and the Indemnitee has been serving and
continues to serve as a director and/or officer of the Company, in part, in reliance on such provisions of the Articles of Incorporation.

 

D.The Indemnitee
has indicated that the Indemnitee does not regard the indemnities available under the Articles of Incorporation and bylaws and
available insurance, if any, as adequate to protect the Indemnitee against the risks associated with services by the Indemnitee
to the Company. As a condition to the Indemnitee’s agreement to continue to serve as such, the Indemnitee requires that the
Indemnitee be indemnified from liability in accordance with the provisions of this Agreement to the fullest extent permitted by
law.

 

E.The Company recognizes
that the Indemnitee needs substantial protection against personal liability in order to maintain the Indemnitee’s continued
service to the Company in an effective manner and is willing to indemnify the Indemnitee in accordance with the provisions of this
Agreement to the fullest extent permitted by law in order to continue to retain the services of the Indemnitee.

 

F.The Company desires
to provide in this Agreement for indemnification of, and the advance of expenses to, the Indemnitee to the fullest extent (whether
partial or complete) permitted by law, as set forth in this Agreement and, to the extent officers’ and directors’ liability
insurance is maintained by the Company, to provide for the continued coverage of the Indemnitee under the Company’s officers’
and directors’ liability insurance policies, in part to provide the Indemnitee with specific contractual assurance that the
protection promised by the indemnification provisions of the Articles of Incorporation will be available to the Indemnitee (regardless
of, among other things, any amendment to or revocation of such provisions of the Articles of Incorporation or any change in the
composition of the Company’s Board of Directors or any acquisition transaction relating to the Company).

 

    	

    	 

    

NOW, THEREFORE, for
and in consideration of the premises and the mutual covenants contained herein and the Indemnitee’s past and continued service
to the Company, the Company and the Indemnitee agree as follows:

 

Section
1.      Indemnification in Proceedings
Other Than Those by or in the Right of the Company. Subject to Section 4 and Section 13 hereof, the Company shall
indemnify and hold harmless the Indemnitee from and against any and all expense, liability and loss (including attorneys’
fees, judgments, fines, excise taxes or penalties and amounts paid or to be paid in settlement), actually and reasonably incurred
or paid by the Indemnitee in connection with the investigation, defense, prosecution, settlement or appeal of, or being or preparing
to be a witness in, or participating in, any threatened, pending or completed action, suit, investigation that the Indemnitee in
good faith believes might lead to the institution of such action, or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the Company) and to which the Indemnitee was or is a party or is threatened to be made
a party or was or is a witness or participates or may participate in by reason of the fact that the Indemnitee is or was an officer,
director, manager, consultant, stockholder, employee or agent of the Company or any of its subsidiaries, or is or was serving at
the request of the Company or any of its subsidiaries as an officer, director, consultant, partner, trustee, employee or agent
of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of anything
done or not done by the Indemnitee in any such capacity or capacities, provided that the Indemnitee acted in good faith and in
a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any
criminal action or proceeding, had no reasonable cause to believe that the Indemnitee’s conduct was unlawful.

 

Section
2.      Indemnification in Proceedings
by or in the Right of the Company. Subject to Section 4 and Section 13 hereof, the Company shall indemnify and
hold harmless the Indemnitee from and against any and all expenses (including attorneys’ fees) and amounts paid in settlement
actually and reasonably incurred by the Indemnitee in connection with the investigation, defense, prosecution, settlement or appeal
of, or being or preparing to be a witness in, or participating in, any threatened, pending or completed action, suit, investigation
that the Indemnitee in good faith believes might lead to the institution of such action, or proceeding by or in the right of the
Company to procure a judgment in its favor, whether civil, criminal, administrative or investigative, and to which the Indemnitee
was or is a party or is threatened to be made a party or was or is a witness or participate or may participate in by reason of
the fact that the Indemnitee is or was an officer, director, manager, consultant, stockholder, employee or agent of the Company
or any of its subsidiaries, or is or was serving at the request of the Company or any of its subsidiaries as an officer, director,
consultant, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise, or by reason of anything done or not done by the Indemnitee in any such capacity or capacities, provided that
(i) the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests
of the Company, (ii) indemnification for amounts paid in settlement shall not exceed the estimated expense of litigating the proceeding
to conclusion and (iii) no indemnification shall be made under this Section 2 in respect of any claim, issue or matter as
to which the Indemnitee shall have been adjudged to be liable unless, and only to the extent that, the court in which such proceeding
was brought (or any other court of competent jurisdiction) shall determine upon application that, despite the adjudication of such
liability but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such
expenses which such court shall deem proper.

 

    	2

    	 

    

Section
3.      Reimbursement of Expenses
Following Adjudication of Negligence. Subject to Section 4 and Section 13 hereof, the Company shall reimburse
the Indemnitee for any expenses (including attorney’s fees) and amounts paid in settlement actually and reasonably incurred
by the Indemnitee in connection with the investigation, defense, settlement or appeal of any action, suit or proceeding described
in Section 2 hereof that results in an adjudication that the Indemnitee was liable, other than for willful misconduct in
the performance of his duty to the Company; provided, however, that the Indemnitee acted in good faith and in a manner the Indemnitee
believed to be in the best interests of the Company.

 

Section
4.      Authorization of Indemnification
or Reimbursement.

 

4.1.           
No Presumptions. Any indemnification under Section 1 and Section 2 hereof (unless ordered by
a court) and any reimbursement made under Section 3 hereof shall be made by the Company only as authorized in the specific
case upon a determination (the “Determination”) that indemnification or reimbursement of the Indemnitee is proper
in the circumstances because the Indemnitee has met the applicable standard of conduct set forth in Section 1, Section
2 or Section 3 hereof, as the case may be. Subject to Sections 5.5, 5.6 and Section 8 of this Agreement,
the Determination shall be made in the following order of preference:

 

		(1)	first, by the Company’s Board of Directors (the “Board”) by majority vote
or consent of a quorum consisting of directors (“Disinterested Directors”) who are not, at the time of the Determination,
named parties to such action, suit or proceeding; or

 

		(2)	next, if such a quorum of Disinterested Directors cannot be obtained, by majority vote or consent
of a committee duly designated by the Board (in which designation all directors, whether or not Disinterested Directors, may participate)
consisting solely of two or more Disinterested Directors; or

 

		(3)	next, if such a committee cannot be designated, by any independent legal counsel selected in accordance
with Section 5.5.

 

4.2.           
No Presumptions. The termination of any action, suit or proceeding by judgment, order, settlement, conviction,
or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not act
in good faith and in a manner that the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company,
and with respect to any criminal action or proceeding, knew that the Indemnitee’s conduct was unlawful.

 

    	3

    	 

    

4.3.           
Benefit Plan Conduct. The Indemnitee’s conduct with respect to an employee benefit plan for a purpose
the Indemnitee reasonably believed to be in the interests of the participants in and beneficiaries of the plan shall be deemed
to be conduct that the Indemnitee reasonably believed to be not opposed to the best interests of the Company.

 

4.4.           
Reliance as Safe Harbor. For purposes of any Determination hereunder, the Indemnitee shall be deemed to have
acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company
or, with respect to any criminal action or proceeding, to have had no reasonable cause to believe or did not know the Indemnitee’s
conduct was unlawful, if the Indemnitee’s action is based on (i) the records or books of account of the Company or another
enterprise, including financial statements, (ii) information supplied to the Indemnitee by the officers of the Company or another
enterprise in the course of their duties, (iii) the advice of legal counsel for the Company or another enterprise, or (iv) information
or records given or reports made to the Company or another enterprise by an independent certified public accountant or by an appraiser
or other expert selected with reasonable care by the Company or another enterprise. The term “another enterprise” as
used in this Section 4.4 shall mean any other corporation or any partnership, joint venture, trust, employee benefit plan
or other enterprise of which the Indemnitee is or was serving at the request of the Company or any of its subsidiaries as an officer,
director, consultant, partner, trustee, employee or agent. The provisions of this Section 4.4 shall not be deemed to be
exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard
of conduct set forth in Section 1, Section 2 or Section 3 hereof, as the case may be.

 

4.5.           
Success on Merits or Otherwise. To the extent that the Indemnitee has been successful on the merits or otherwise
in defense of any action, suit or proceeding described in Section 1 or Section 2 hereof, or in defense of any claim,
issue or matter therein, the Indemnitee shall be indemnified against expenses (including attorneys’ fees) actually and reasonably
incurred by the Indemnitee in connection with the investigation, defense, settlement or appeal thereof. For purposes of this Section
4.5, the term “successful on the merits or otherwise” shall include, but not be limited to, (i) any termination,
withdrawal, or dismissal (with or without prejudice) of any claim, action, suit or proceeding against the Indemnitee without any
express finding of liability or guilt against the Indemnitee, (ii) the expiration of 120 days after the making of any claim or
threat of an action, suit or proceeding without the institution of the same and without any promise or payment made to induce a
settlement, or (iii) the settlement of any action, suit or proceeding under Section 1, Section 2 or Section 3
hereof pursuant to which the Indemnitee pays less than $25,000.

 

4.6.           
Partial Indemnification or Reimbursement. If the Indemnitee is entitled under any provision of this Agreement
to indemnification and/or reimbursement by the Company for some or a portion of the claims, damages, expenses (including attorneys’
fees and costs of other professionals), judgments, fines or amounts paid in settlement by the Indemnitee in connection with the
investigation, defense, settlement or appeal of any action specified in Section 1, Section 2 or Section 3
hereof, but not, however, for the total amount thereof, the Company shall nevertheless indemnify and/or reimburse the Indemnitee
for the portion thereof to which the Indemnitee is entitled. The party or parties making the Determination shall determine the
portion (if less than all) of such claims, damages, expenses (including attorneys’ fees), judgments, fines or amounts paid
in settlement for which the Indemnitee is entitled to indemnification and/or reimbursement under this Agreement.

 

    	4

    	 

    

Section
5.      Procedures for Determination
of Whether Standards have been Satisfied.

 

5.1.           
Costs. All costs of making any Determination required by Section 4 or Section 5 hereof shall
be borne solely by the Company, including, but not limited to, the costs of legal counsel and judicial determinations. The Company
shall also be solely responsible for paying (i) all reasonable expenses incurred by the Indemnitee to enforce this Agreement, including,
but not limited to, the costs incurred by the Indemnitee to obtain court-ordered indemnification pursuant to Section 8 hereof,
regardless of the outcome of any such application or proceeding, and (ii) all costs of defending any suits or proceedings challenging
payments to the Indemnitee under this Agreement.

 

5.2.           
Timing of the Determination. The Company shall use its best efforts to make the Determination contemplated
by Section 4 or Section 5 hereof promptly. In addition, the Company agrees:

 

(a)               
if the Determination is to be made by the Board or a committee thereof, such Determination shall be made not later than
15 days after a written request for a Determination (a “Request”) is delivered to the Company by the Indemnitee;
and

 

(b)              
if the Determination is to be made by independent legal counsel, such Determination shall be made not later than 30 days
after a Request is delivered to the Company by the Indemnitee.

 

The failure to make
a Determination within the above-specified time period shall constitute a Determination approving full indemnification or reimbursement
of the Indemnitee. Notwithstanding anything herein to the contrary, the Determination may be made in advance of (i) the Indemnitee’s
payment (or incurring) of expenses with respect to which indemnification or reimbursement is sought, and/or (ii) final disposition
of the action, suit or proceeding with respect to which indemnification or reimbursement is sought.

 

5.3.           
Reasonableness of Expenses. The evaluation and finding as to the reasonableness of expenses incurred by the
Indemnitee for purposes of this Agreement shall be made (in the following order of preference) within 15 days of the Indemnitee’s
delivery to the Company of a Request that includes a reasonable accounting of expenses incurred:

 

(a)               
first, by the Board by a majority vote of a quorum consisting of Disinterested Directors; or

 

(b)              
next, if a quorum of Disinterested Directors cannot be obtained by majority vote or consent of a committee duly designated
by the Board (in which designation all directors, whether or not Disinterested Directors, may participate), consisting solely of
two or more Disinterested Directors; or

 

    	5

    	 

    

(c)               
next, if such a committee cannot be designated, by any independent legal counsel selected in accordance with Section
5.5; provided, that, if the determination for authorization of Indemnification was made by independent counsel pursuant to
4.1(3) hereof, then the evaluation and finding of reasonableness shall in all events be made by independent legal counsel.

 

All expenses shall
be considered reasonable for purposes of this Agreement if the finding contemplated by this Section 5.3 is not made within
the prescribed time. The finding required by this Section 5.3 may be made in advance of the payment (or incurring) of the
expenses for which indemnification or reimbursement is sought.

 

5.4.           
Payment of Indemnified Amount. Immediately following a Determination that the Indemnitee has met the applicable
standard of conduct set forth in Section 1, Section 2 or Section 3 hereof, as the case may be, and the finding
of reasonableness of expenses contemplated by Section 5.3 hereof, or the passage of time prescribed for making such determination(s),
the Company shall pay to the Indemnitee in cash the amount to which the Indemnitee is entitled to be indemnified and/or reimbursed,
as the case may be, without further authorization or action by the Board; provided, however, that the expenses for which indemnification
or reimbursement is sought have actually been incurred by the Indemnitee.

 

5.5.           
Selection of Independent Legal Counsel. If the Determination required under Section 4 or Section
5 is to be made by independent legal counsel, such counsel shall be selected by the Board described in 4.1(1) hereof
or the committee of the Board described in 4.1(2) hereof. The fees and expenses incurred by counsel in making any Determination
(including Determinations pursuant to Section 5.7 hereof) shall be borne solely by the Company regardless of the results
of any Determination and, if requested by counsel, the Company shall give such counsel an appropriate written agreement with respect
to the payment of their fees and expenses and such other matters as may be reasonably requested by counsel.

 

5.6.           
Right of Indemnitee to Appeal an Adverse Determination by Board. If a Determination is made by the Board or
a committee thereof that the Indemnitee did not meet the applicable standard of conduct set forth in Section 1, Section
2 or Section 3 hereof or that the Indemnitee’s expenses are not reasonable as set forth in Section 5.3
hereof, upon the written request of the Indemnitee and the Indemnitee’s delivery of $5,000 to the Company, the Company shall
cause a new Determination to be made by independent legal counsel, which independent legal counsel shall be selected in accordance
with Section 5.5. Subject to Section 8 hereof, such Determination by such independent legal counsel shall be binding
and conclusive for all purposes of this Agreement.

 

5.7.           
Right of Indemnitee To Select Forum For Determination. If, at any time subsequent to the date of this Agreement,
“Continuing Directors” do not constitute a majority of the members of the Board, or there is otherwise a change
in control of the Company (as contemplated by Item 403(c) of Regulation S-K), then the Determination required by Section 4
or Section 5 hereof shall be made by independent legal counsel selected by the Indemnitee and approved by the Board (which
approval shall not be unreasonably withheld), which counsel shall be deemed to satisfy the requirements of clause (3) of
Section 4 and clause (c) of Section 5.3 hereof. If none of the legal counsel selected by the Indemnitee are
willing and/or able to make the Determination, then the Company shall cause the Determination to be made by a majority vote or
consent of a Board committee consisting solely of Continuing Directors. For purposes of this Agreement, a “Continuing
Director” means either a member of the Board at the date of this Agreement or a person nominated to serve as a member
of the Board by a majority of the then Continuing Directors.

 

    	6

    	 

    

5.8.           
Access by Indemnitee to Determination. The Company shall afford to the Indemnitee and the Indemnitee’s
representatives ample opportunity to present evidence of the facts upon which the Indemnitee relies for indemnification or reimbursement,
together with other information relating to any requested Determination.

 

5.9.           
Judicial Determinations in Derivative Suits. In each action or suit described in Section 2 hereof,
the Company shall cause its counsel to use its best efforts to obtain from the court in which such action or suit was brought (i)
an express adjudication whether the Indemnitee is liable for negligence or misconduct in the performance of his duty to the Company,
and, if the Indemnitee is so liable, (ii) a determination whether and to what extent, despite the adjudication of liability but
in view of all the circumstances of the case (including this Agreement), the Indemnitee is fairly and reasonably entitled to indemnification.

 

5.10.       
Burden of Proof. In the event of any claim by the Indemnitee for indemnification hereunder, there shall be
a presumption that the Indemnitee is entitled to indemnification hereunder and the Company shall have the burden of proving that
the Indemnitee is not entitled to such indemnification.

 

Section
6.      Scope of Indemnity.
The actions, suits and proceedings described in Section 1 and Section 2 hereof shall include, for purposes of this
Agreement, any actions that involve, directly or indirectly, activities of the Indemnitee both in his official capacities as a
Company director or officer and actions taken in another capacity while serving as director or officer, including, but not limited
to, actions or proceedings involving (i) compensation paid to the Indemnitee by the Company, (ii) activities by the Indemnitee
on behalf of the Company, including actions in which the Indemnitee is plaintiff, (iii) actions alleging a misappropriation of
a “corporate opportunity,” (iv) responses to a takeover attempt or threatened takeover attempt of the Company, (v)
transactions by the Indemnitee in Company securities, and (vi) the Indemnitee’s preparation for and appearance (or potential
appearance) as a witness in any proceeding relating, directly or indirectly, to the Company. In addition, the Company agrees that,
for purposes of this Agreement, all services performed by the Indemnitee on behalf of, in connection with or related to any subsidiary
of the Company, any employee benefit plan established for the benefit of employees of the Company or any subsidiary, any corporation
or partnership or other entity in which the Company or any subsidiary has a 5% ownership interest, or any other affiliate shall
be deemed to be at the request of the Company.

 

Section
7.      Advance for Expenses.

 

7.1.           
Mandatory Advance. Expenses (including attorneys’ fees) incurred by the Indemnitee in investigating,
defending, settling or appealing, or being or preparing to be a witness in, any action, suit or proceeding described in Section
1 or Section 2 hereof shall, subject to Section 13 hereof, be paid by the Company in advance of the final disposition
of such action, suit or proceeding. The Company shall promptly pay the amount of such expenses to the Indemnitee, but in no event
later than 5 days following the Indemnitee’s delivery to the Company of a written request for an advance pursuant to this
Section 7, together with a reasonable accounting of such expenses.

 

    	7

    	 

    

7.2.           
Undertaking to Repay. The Indemnitee hereby undertakes and agrees to repay to the Company any advances made
pursuant to this Section 7 if and to the extent that a court of competent jurisdiction shall make a final judgment (as to
which all rights of appeal therefrom have been exhausted or lapsed) that the Indemnitee is not entitled to be indemnified by the
Company for such amounts or such advances were in violation of Section 13 hereof.

 

7.3.           
Miscellaneous. The Company shall make the advances contemplated by this Section 7 regardless of the
Indemnitee’s financial ability to make repayment, and regardless whether indemnification of the Indemnitee by the Company
will ultimately be required. Any advances and undertakings to repay pursuant to this Section 7 shall be unsecured and interest-free.

 

Section
8.      Court-Ordered Indemnification.
Regardless of whether the Indemnitee has met the standard of conduct set forth in Section 1, Section 2 or Section
3 hereof, as the case may be, and notwithstanding the presence or absence of any Determination whether such standards have
been satisfied and notwithstanding any other provision hereof, the Indemnitee may apply for indemnification (and/or reimbursement
pursuant to Section 3 or Section 12 hereof) to the court conducting any proceeding to which the Indemnitee is a party
or a witness or to any other court of competent jurisdiction. On receipt of an application, the court, after giving any notice
the court considers necessary, may order indemnification (and/or reimbursement) if it determines the Indemnitee is fairly and reasonably
entitled to indemnification (and/or reimbursement) in view of all the relevant circumstances (including this Agreement).

 

Section
9.      Contribution. If and
to the extent that a final adjudication shall specify that the Company is not obligated to indemnify Indemnitee under this Agreement
for any reason (by reason of public policy, as a matter of law or otherwise), then in respect of any threatened, pending or completed
action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be so liable if joined in such action,
suit or proceeding), the Company shall contribute to the amount of expenses (including attorneys’ fees and costs of other
professionals), judgments, penalties, fines (including excise taxes assessed), settlements and all other liabilities incurred and
paid or payable by Indemnitee in connection with such action, suit or proceeding in such proportion as is appropriate to reflect
(i) the relative benefits received by the Company on the one hand and Indemnitee on the other hand from the transaction with respect
to which such action, suit or proceeding arose, and (ii) the relative fault of the Company on the one hand and of Indemnitee on
the other hand in connection with the circumstances which resulted in such expenses, judgments, fines or settlement amounts, as
well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of Indemnitee on the
other hand shall be determined by reference to among other things, the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent the circumstances resulting in such expense, judgments, fines or settlement amounts. The
Company agrees that it would not be just and equitable if contribution pursuant to this Section 9 were determined by pro
rata allocation or any other method of allocation which does not take account of the foregoing equitable considerations.

 

    	8

    	 

    

Section
10.  Nondisclosure Of Payments. Except as required
by law, neither party shall disclose any payments under this Agreement unless prior approval of the other party is obtained. Any
payments to the Indemnitee that must be disclosed shall, unless otherwise required by law, be described only in Company proxy or
information statements relating to special and/or annual meetings of the Company’s shareholders, and the Company shall afford
the Indemnitee the reasonable opportunity to review all such disclosures and, if requested, to explain in such statement any mitigating
circumstances regarding the events reported.

 

Section
11.  Covenant Not to Sue, Limitation of Actions and
Release of Claims. No legal action shall be brought and no cause of action shall be asserted by or on behalf of the Company
(or any of its subsidiaries) against the Indemnitee, the spouse, heirs, executors, personal representatives or administrators of
the Indemnitee after the expiration of five years from the date the Indemnitee ceases (for any reason) to serve as either an officer
or a director of the Company, and any claim or cause of action of the Company (or any of its subsidiaries) shall be extinguished
and deemed released unless asserted by filing of a legal action within such five year period.

 

Section
12.  Indemnification of Indemnitee’s Estate;
Term of Agreement. Notwithstanding any other provision of this Agreement, and regardless whether indemnification of the Indemnitee
would be permitted and/or required under this Agreement, if the Indemnitee is deceased, the Company shall indemnify and hold harmless
the Indemnitee’s estate, spouse, heirs, administrators, personal representatives and executors (collectively the “Indemnitee’s
Estate”) against, and the Company shall assume, any and all claims, damages, expenses, costs (including attorneys’
fees and costs of other professionals), penalties, judgments, fines and amounts paid in settlement actually incurred by the Indemnitee
or the Indemnitee’s Estate in connection with the investigation, defense, settlement or appeal of any action described in
Section 1 or Section 2 hereof. Indemnification of the Indemnitee’s Estate pursuant to this Section 12
shall be mandatory and not require a Determination or any other finding that the Indemnitee’s conduct satisfied a particular
standard of conduct. This Agreement shall continue until and terminate upon the later of: (i) ten (10) years after the date that
the Indemnitee shall have ceased to serve as an officer or director of the Company; or (ii) the entry of a judgment, order or award,
not subject to appeal, in any claim asserted against the Indemnitee subject to this Agreement.

 

Section
13.  Limitation on Indemnification. Notwithstanding
any other provisions of this Agreement, but subject to the provisions of Section 15 hereof, the Indemnitee shall not be
entitled to indemnification or advancement of expenses if: (i) a judgment or other final adjudication establishes that the actions
of the Indemnitee, or omissions to act, were material to the cause of action so adjudicated and constitute: (a) a violation of
the criminal law, unless the Indemnitee had reasonable cause to believe the conduct of the Indemnitee was lawful or had no reasonable
cause to believe the conduct of the Indemnitee was unlawful; (b) a transaction from which the Indemnitee derived an improper personal
benefit; (c) in the case of a director, a circumstance under which the liability provisions relating to unlawful distributions
under Section 607.0834 of the Florida Act are applicable; or (d) willful misconduct or a conscious disregard for the best interests
of the Company in a proceeding by or in the right of the Company to procure a judgment in its favor or in a proceeding by or in
the right of a shareholder; or (ii) such indemnification or advancement of expenses is prohibited by law.

 

    	9

    	 

    

Section
14.  Maintenance of Insurance. The Company hereby
agrees that during the period commencing on the date hereof and ending five years from the date the Indemnitee ceases to serve
the Company, the Company shall purchase and maintain in effect for the benefit of the Indemnitee such insurance providing coverage
at least as favorable to the Indemnitee as that presently provided, if such insurance can be purchased for premiums not in excess
of 150% of the amount of the current premiums, adjusted from time to time in accordance with the Consumer Price Index, or, if such
coverage cannot be obtained, the maximum coverage that can be obtained for 150% of the amount of the current premiums adjusted
from time to time in accordance with the Consumer Price Index.

 

Section
15.  Changes in the Law. If any change after the
date of this Agreement in any applicable law, statute or rule or the Articles of Incorporation expands the power of the Company
to indemnify the Indemnitee, such change shall be within the purview of the Indemnitee’s rights and the Company’s obligations
under this Agreement. If any change in any applicable law, statute or rule or the Articles of Incorporation narrows the right of
the Company to indemnify a person such as the Indemnitee, such change, to the extent not otherwise required by such law, statute
or rule or the Company’s Articles of Incorporation to be applied to this Agreement, shall have no effect on this Agreement
or the parties’ rights and obligations thereunder.

 

Section
16.  Miscellaneous.

 

16.1.       
Notice Provision. Any notice, payment, demand or communication required or permitted to be delivered or given
by the provisions of this Agreement shall be deemed to have been effectively delivered or given and received on the date personally
delivered to the respective party to whom it is directed, or when deposited by registered or certified mail, with postage and charges
prepaid and addressed to the parties at the addresses set forth below opposite their signatures to this Agreement.

 

16.2.       
Entire Agreement. Except for the Articles of Incorporation, this Agreement constitutes the entire understanding
of the parties and supersedes all prior understandings, whether written or oral, between the parties with respect to the subject
matter of this Agreement. Nothing in this Agreement shall be deemed to limit any other indemnification to which the Indemnitee
may be entitled, including under the Articles of Incorporation, without duplication of payment.

 

16.3.       
Severability of Provisions. If any provision of this Agreement is held to be illegal, invalid, or unenforceable
under present or future laws effective during the term of this Agreement, such provision shall be fully severable; this Agreement
shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part of this Agreement;
and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal,
invalid, or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of each such illegal, invalid,
or unenforceable provision there shall be added automatically as a part of this Agreement a provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible and be legal, valid, and enforceable.

 

    	10

    	 

    

16.4.       
Applicable Law. This Agreement shall be governed by and construed under the laws of the State of Florida.

 

16.5.       
Execution in Counterparts. This Agreement and any amendment may be executed simultaneously or in counterparts,
each of which together shall constitute one and the same instrument.

 

16.6.       
Cooperation and Intent. The Company shall cooperate in good faith with the Indemnitee and use its best efforts
to ensure that the Indemnitee is indemnified and/or reimbursed for liabilities described herein to the fullest extent permitted
by law.

 

16.7.       
Amendment. No amendment, modification or alteration of the terms of this Agreement shall be binding unless
in writing, dated subsequent to the date of this Agreement, and executed by the parties.

 

16.8.       
Binding Effect. 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, consultant, employee and/or agent of the Company. Each
and all of the covenants, terms and provisions of this Agreement shall be binding upon and inure to the benefit of the successors
to the Company and, upon the death of the Indemnitee, to the benefit of the estate, heirs, executors, administrators and personal
representatives of the Indemnitee.

 

16.9.       
Nonexclusivity. The rights of indemnification and reimbursement provided in this Agreement shall be in addition
to any rights to which the Indemnitee may otherwise be entitled by statute, the Articles of Incorporation, bylaw, agreement, vote
of stockholders or disinterested directors or otherwise.

 

16.10.   
Effective Date. The provisions of this Agreement shall cover claims, actions, suits and proceedings whether
now pending or hereafter commenced and shall be retroactive to cover acts or omissions or alleged acts or omissions which heretofore
have taken place.

 

[Remainder of page intentionally
left blank]

 

    	11

    	 

    

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

 

	 	THE COMPANY:
	 	 	 
	 	CASTLE BRANDS INC.
	 	 	 
	 	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 
	 	ADDRESS:
	 	 	 
	 	122 East 42nd Street, Suite 4700
	 	New York, New York 10168
	 	Attention: Chief Financial Officer
	 	 	 
	 	THE INDEMNITEE:
	 	 	 
	 	 	 
	 	 
	 	Name: 	 
	 	 	 
	 	ADDRESS:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}]]