Document:

Exhibit 10.1

    
      

    

    
      EXHIBIT
        10.1

    

     

    INDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement (“Agreement”) is made and entered into as of December
      5, 2002 (the “Effective Date”), by Brownshire Holdings, Inc., a Nevada
      corporation (the “Company”) and Steven A. Rothstein (the
“Indemnitee”).

     

    RECITALS

     

    WHEREAS,
      highly
      competent persons are becoming more reluctant to serve publicly-held
      corporations as officers and directors unless they are provided with adequate
      protection through insurance or adequate indemnification against inordinate
      risks of claims and actions against them arising out of their service to and
      activities on behalf of such corporations; and

    

    WHEREAS,
      the
      Board of Directors of the Company (the “Board”) has determined that the
      inability to attract and retain such persons is detrimental to the best
      interests of the Company’s stockholders and that the Company should act to
      assure such persons that there will be increased certainty of such protection
      in
      the future; and

    

    WHEREAS,
      the
      Board deems it to be reasonable, prudent and necessary for the Company
      contractually to indemnify its officers and directors to the fullest extent
      permitted by applicable law so that they will serve or continue to serve the
      Company free from undue concern that they will not be so
      indemnified.

    

    AGREEMENT

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the covenants contained herein, the Company
      and Indemnitee do hereby covenant and agree as follows:

    

    1.    Definitions.
      For
      purposes of this Agreement, the following terms shall have the following
      meanings:

     

    (a)    “Change
      of Control” shall have the meaning set forth in Section
      5(d).

     

    (b)    “Corporate
      Status” describes the status of a person who is serving or has served (i) as an
      officer or director of the Company, including as a member of any committee
      of
      the Board, (ii) in any capacity with respect to any employee benefit plan of
      the
      Company, or (iii) as a director, partner, trustee, officer, employee, or agent
      of any other Entity at the request of the Company. For purposes of subsection
      (iii) above, an officer or director of the Company who is serving or has served
      as a director, partner, trustee, officer, employee or agent of a Subsidiary
      shall be deemed to be serving at the request of the Company.

     

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

     

    (d)    “Entity”
      shall mean any corporation, partnership, limited liability company, joint
      venture, trust, foundation, association, organization or other legal
      entity.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e)    “Expenses”
      shall mean all reasonable fees, costs and expenses incurred in connection with
      any Proceeding, including, without limitation, reasonable attorneys’ fees,
      disbursements and retainers, fees and disbursements of expert witnesses, private
      investigators and professional advisors, court costs, transcript costs, travel
      expenses, duplicating, printing and binding costs, telephone and fax
      transmission charges, postage, delivery services and other disbursements, and
      expenses of the types customarily incurred in connection with prosecuting,
      defending, preparing to prosecute or defend, investigating, or being or
      preparing to be a witness in a Proceeding.

     

    (f)    
“Indemnifiable
      Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts” shall have
      the meanings ascribed to those terms in Section
      3(a)
      below.

     

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

    

    (h)    “Liabilities”
      shall mean judgments, damages, liabilities, losses, penalties, excise taxes,
      fines, and amounts paid in settlement.

     

    (i)    
“Proceeding”
      shall mean any threatened, pending or completed claim, action, suit,
      arbitration, alternate dispute resolution process, investigation, administrative
      hearing, appeal, or any other proceeding, whether civil, criminal,
      administrative, arbitrative or investigative, whether formal or informal,
      including a proceeding initiated by Indemnitee pursuant to Section
      9
      of this
      Agreement to enforce Indemnitee’s rights hereunder, but excluding a proceeding
      pending on or prior to the Effective Date.

     

    (j)    
“Subsidiary”
      shall mean any Entity of which the Company owns (either directly or through
      another Subsidiary) either (i) a general partner, managing member or other
      similar interest or (ii) 50% or more of the voting power of the voting capital
      stock or other voting equity interests of such Entity.

     

    2.    Services
      of Indemnitee.
      In
      consideration of the Company’s covenants and commitments hereunder, Indemnitee
      agrees to serve or continue to serve as a director and officer of the Company.
      However, this Agreement shall not impose any obligation on Indemnitee or the
      Company to continue Indemnitee’s service to the Company beyond any period
      otherwise required by law or by other agreements or commitments of the parties,
      if any.

     

    3.    Agreement
      to Indemnify.
      The
      Company agrees to indemnify Indemnitee as follows:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (a)    Proceedings
      Other Than Proceedings by or in the Right of the Company.
      Subject
      to the exceptions set forth in Section
      4
      below,
      if Indemnitee was or is a party or is threatened to be made a party to any
      Proceeding (other than an action by or in the right of the Company) by reason
      of
      Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Company
      against all Expenses and Liabilities actually and reasonably incurred by
      Indemnitee in connection with such Proceeding (referred to herein as
“Indemnifiable Expenses” and “Indemnifiable Liabilities,” respectively, and
      collectively, as “Indemnifiable Amounts”), if Indemnitee (i) is not liable under
      Nevada Revised Statutes Section 78.138, as such statute may be modified,
      amended, or superceded from time to time (“Section 78.138”), or (ii) acted in
      good faith and in a manner 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, Indemnitee had no reasonable cause to believe that
      Indemnitee’s conduct was unlawful.

     

    (b)    Proceedings
      by or in the Right of the Company.
      To the
      extent permitted by applicable law and subject to the exceptions set forth
      in
Section
      4
      below,
      if Indemnitee was or is a party or is threatened to be made a party to any
      threatened, pending or completed Proceeding by or in the right of the Company
      to
      procure a judgment in its favor by reason of Indemnitee’s Corporate Status,
      Indemnitee shall be indemnified by the Company against all Indemnifiable
      Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
      behalf in connection with such Proceeding if Indemnitee (i) is not liable under
      Section 78.138, or (ii) acted in good faith and in a manner he reasonably
      believed to be in or not opposed to the best interests of the Company;
provided,
      however,
      that,
      if applicable law prohibits such indemnification, no indemnification against
      such expenses shall be made in respect of any claim, issue or matter in such
      Proceeding as to which Indemnitee shall have been adjudged to be liable to
      the
      Company unless and to the extent that the court in which such Proceeding shall
      have been brought or is pending shall determine that such indemnification may
      be
      made.

    

    (c)    Indemnification
      for Expenses as a Witness.
      Subject
      to the exceptions set forth in Section
      4
      below,
      to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a
      witness in any Proceeding to which Indemnitee is not a party, the Company shall
      indemnify Indemnitee against all expenses actually and reasonably incurred
      by
      Indemnitee in connection therewith.

     

    (d)    Settlements.
      The
      Company shall not be liable to indemnify Indemnitee under the Agreement for
      any
      amounts paid in settlement of any action or claim effected without its written
      consent, which consent shall not be unreasonably withheld or delayed. The
      Company shall not settle any action or claim in any manner which would impose
      any material penalty or limitation on Indemnitee without Indemnitee’s consent,
      which consent may be withheld in Indemnitee’s sole and absolute
      discretion.

    

    4.    Exceptions
      to Indemnification. 

     

    (a)    Indemnitee
      as Plaintiff.
      Except
      as provided in Section
      9(b)
      of this
      Agreement and in the next sentence, Indemnitee shall not be entitled to payment
      of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect
      to any Proceeding brought by Indemnitee against the Company, any Entity that
      it
      controls, any director or officer thereof, or any third party, unless the
      Company has consented to the initiation of such Proceeding. This Section
      4(a)
      shall
      not apply to counterclaims or affirmative defenses asserted by Indemnitee in
      an
      action brought against Indemnitee.

     

    
      
        
        

      

      
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    (b)    Other
      Limitations to Indemnification.
      Notwithstanding anything contained in this Agreement or in the Company’s
      Articles of Incorporation or Bylaws (as either or both may be amended from
      time
      to time) to the contrary, the Company shall not be obligated to indemnify or
      hold harmless Indemnitee:

     

    (i)    
if
      and to
      the extent that such indemnification shall be prohibited by applicable law;
      

    

    (ii)    except
      to
      the extent the aggregate of losses to be indemnified hereunder exceeds the
      amount of the losses for which Indemnitee is indemnified pursuant to any policy
      of insurance purchased and maintained by the Company and such amounts are
      actually paid to or for the benefit of Indemnitee pursuant to such insurance
      policy(ies);

    

    (iii)   in
      respect to remuneration paid to Indemnitee if it shall be determined by a final
      judgment or other final adjudication that such remuneration was in violation
      of
      law;

     

    (iv)   on
      account of any suit in which final judgment is rendered against Indemnitee
      for
      an accounting of profits made from the purchase or sale by Indemnitee of
      securities of the Company pursuant to the provisions of Section 16(b) of the
      Securities Exchange Act of 1934 and amendments thereto or similar provisions
      of
      any law;

     

    (v)    if
      and to
      the extent that a claim in a Proceeding is decided adversely to Indemnitee
      based
      upon or attributable to Indemnitee gaining in fact any personal profit or
      advantage to which Indemnitee was not legally entitled; or 

     

    (vi)   if
      and to
      the extent that the indemnifiable event or Indemnitee’s acts or omissions
      constituted or arose out of Indemnitee’s fraudulent or dishonest or intentional
      misconduct, knowing violation of the law or gross negligence.

    

    
      	 	
              5.

            	
              Procedure
                for Payment of Indemnifiable Amounts. 

            

    

     

    (a)    Written
      Request for Indemnification.
      To
      obtain indemnification under this Agreement, Indemnitee shall submit to the
      Company a written request, including therein or therewith such documentation
      and
      information as is reasonably available to Indemnitee and is reasonably necessary
      to determine whether and to what extent Indemnitee is entitled to
      indemnification. The Company shall, promptly upon receipt of such a request
      for
      indemnification, advise the Board in writing that Indemnitee has requested
      indemnification.

    

    (b)    Determination
      of Entitlement to Indemnification.
      Upon
      written request by Indemnitee for indemnification pursuant to the first sentence
      of Section
      5(a)
      hereof,
      a determination, if required by applicable law, with respect to Indemnitee’s
      entitlement thereto shall be made in the specific case: 

    
      
        
        

      

      
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    (i)    
if
      a Change
      in Control shall have occurred, by Independent Counsel in a written opinion
      to
      the Board, a copy of which shall be delivered to Indemnitee; or 

    

    (ii)    if
      a Change
      of Control shall not have occurred, (A) by the Board by a majority vote of
      Disinterested Directors, even though less than a quorum of the Board, or (B)
      by
      a committee of Disinterested Directors designated by a majority vote of
      Disinterested Directors, even though less than a quorum of the Board, or (C)
      if
      there are no Disinterested Directors, or if the Disinterested Directors so
      direct, by Independent Counsel in a written opinion to the Board, a copy of
      which shall be delivered to Indemnitee, or (D) if so directed by the Board,
      by
      the stockholders of the Company.

    

    If
      it is
      so determined that Indemnitee is entitled to indemnification, payment to
      Indemnitee (or on behalf of Indemnitee) shall be made within fifteen (15) days
      after such determination. Indemnitee shall cooperate with the person, persons
      or
      entity making such determination with respect to Indemnitee’s entitlement to
      indemnification, including providing to such person, persons or entity upon
      reasonable advance request any documentation or information that is not
      privileged or otherwise protected from disclosure and that is reasonably
      available to Indemnitee and reasonably necessary to such determination. Any
      Independent Counsel, member of the Board, or stockholder of the Company shall
      act reasonably and in good faith in making a determination under this Agreement
      of the Indemnitee’s entitlement to indemnification. Any costs or expenses
      (including attorneys’ fees and disbursements) incurred by Indemnitee in so
      cooperating with the person, persons or entity making such determination shall
      be borne by the Company (irrespective of the determination as to Indemnitee’s
      entitlement to indemnification) and the Company hereby indemnifies and agrees
      to
      hold Indemnitee harmless therefrom.

    

    (c)    Selection
      of Independent Counsel.
      In the
      event the determination of entitlement to indemnification is to be made by
      Independent Counsel pursuant to Section
      5(b)
      hereof,
      the Independent Counsel shall be selected as provided to this Section
      5(c).
      If a
      Change of Control shall not have occurred, the Board shall select the
      Independent Counsel and the Company shall give written notice to Indemnitee
      advising Indemnitee of the identity of the Independent Counsel so selected.
      If a
      Change of Control shall have occurred, Indemnitee shall select the Independent
      Counsel and shall give written notice to the Company advising it of the identity
      of the Independent Counsel so selected. In either event, Indemnitee or the
      Company, as the case may be, may, within 10 days after such written notice
      of
      selection shall have been given, deliver to the Company or to Indemnitee, as
      the
      case may be, a written objection to such selection; provided,
      however,
      that
      such objection may be asserted only on the ground that the Independent Counsel
      so selected does not meet the requirements of “Independent Counsel” as defined
      in Section
      1
      of this
      Agreement, and the objection shall set forth with particularity the factual
      basis of such assertion. If such written objection is so made and substantiated,
      the Independent Counsel so selected may not serve as Independent Counsel unless
      and until such objection is withdrawn or a court has determined that such
      objection is without merit. If, within twenty (20) days after submission by
      Indemnitee of a written request for indemnification pursuant to Section
      5(a)
      hereof,
      no Independent Counsel shall have been selected and not objected to, either
      the
      Company or Indemnitee may petition a court of the State of Arizona or other
      court of competent jurisdiction for resolution of any objection that shall
      have
      been made by the Company or Indemnitee to the other’s selection of Independent
      Counsel and/or for the appointment as Independent Counsel of a person selected
      by the court or by such other person as the court shall designate, and the
      person with respect to whom all objections are so resolved or the person so
      appointed shall act as Independent Counsel under Section
      5(b)
      hereof.
      The Company shall pay any and all reasonable fees and expenses of Independent
      Counsel incurred by such Independent Counsel in connection with acting pursuant
      to Section
      5(b)
      hereof,
      and the Company shall pay all reasonable fees and expenses incident to the
      procedures of Section
      9(a),
      regardless of the manner in which such Independent Counsel was selected or
      appointed. Upon the due commencement of any judicial proceeding pursuant to
      Section
      9(a)
      of this
      Agreement, Independent Counsel shall be discharged and relieved of any further
      responsibility in such capacity (subject to the applicable standards of
      professional conduct then prevailing).

    
      
        
        

      

      
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    (d)    Change
      of Control.
      For
      purposes of this Section
      5,
      a
“Change in Control” shall be deemed to have occurred if and when

    

    (i)    
any
      person
      (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange
      Act of 1934, as amended (the “Exchange Act”)), together with all “affiliates”
and “associates” (as defined under Rule 12b-2 promulgated under the Exchange
      Act) of such person becomes the “beneficial owner” (as defined in Rule 13d-3
      under the Exchange Act) directly or indirectly of equity securities of the
      Company representing 50 percent or more of the combined voting power of the
      Company’s then-outstanding equity securities without the prior approval of at
      least a majority of the members of the Board in office immediately prior to
      such
      person(s) attaining such percentage interest and who are not affiliates or
      associates of such person(s), provided
      that
      this Section
      5(d)(i)
      shall
      not apply to beneficial ownership by (1) a trustee or other fiduciary holding
      securities under an employee benefit plan of the Company or any subsidiary
      of
      the Company, (2) a corporation owned, directly or indirectly, by the
      stockholders of the Company in substantially the same proportions as their
      ownership of the Company, (3) the Company or any Subsidiary, (4) Indemnitee,
      together with all affiliates and associates of Indemnitee, or (5) any person
      that, together with any affiliate thereof, is such a 50% beneficial owner as
      of
      the date hereof, unless after the date of this Agreement such person has
      beneficial ownership of less than 50% of the combined voting power of the
      Company’s then-outstanding equity securities and thereafter acquires beneficial
      ownership of more than 50% of the combined voting power of the Company’s
      then-outstanding equity securities; or

     

    (ii)    there
      occurs
      a proxy contest, or the Company is a party to a merger, consolidation, sale
      of
      assets, plan of liquidation or other reorganization (in a single transaction
      or
      a series of transactions) not approved by at least two-thirds of the members
      of
      the Board then in office, as a consequence of which members of the Board in
      office immediately prior to such transaction or event constitute less than
      a
      majority of the Board thereafter; or 

    

    (iii)   during
      any period
      of two consecutive years, other than as a result of an event described in
Section
      5(d)(ii),
      individuals who at the beginning of such period constituted the Board (including
      for this purpose any new director whose election or nomination for election
      by
      the Company’s stockholders was approved by a vote of at least two-thirds of the
      directors then still in office who were directors at the beginning of such
      period) cease for any reason to constitute at least a majority of the
      Board.

    
      
        
        

      

      
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    6.    Indemnification
      for Expenses of a Party Who is Partly Successful.
      Notwithstanding any other provision of this Agreement, and without limiting
      any
      such provision, to the extent that Indemnitee is, by reason of Indemnitee’s
      Corporate Status, a party to a Proceeding and is not wholly successful in such
      Proceeding, but is successful, on the merits or otherwise, as to one or more
      but
      less than all claims, issues or matters in such Proceeding, the Company shall
      indemnify Indemnitee against all Expenses actually and reasonably incurred
      by
      Indemnitee or on Indemnitee’s behalf in connection with each successfully
      resolved claim, issue or matter. For purposes of this Agreement, the termination
      of any claim, issue or matter in such a Proceeding by dismissal, with or without
      prejudice, shall be deemed to be a successful result as to such claim, issue
      or
      matter.

    

    7.    Effect
      of Certain Resolutions.
      Neither
      the settlement or termination of any Proceeding nor the failure of the Company
      to award indemnification or to determine that indemnification is payable shall
      create an adverse presumption that Indemnitee is not entitled to indemnification
      hereunder. In addition, the termination of any Proceeding by judgment, order,
      settlement, conviction, or upon a plea of nolo contendere or its equivalent
      shall not create a presumption that Indemnitee is liable under Section 78.138
      or
      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 Company or, with respect
      to
      any criminal action or proceeding, had reasonable cause to believe that
      Indemnitee’s conduct was unlawful.

     

    
      	 	
              8.

            	
              Advancement
                of Expenses. 

            

    

     

    (a)    Conditions.
      Subject
      to Section
      8(b),
      the
      Company shall pay to Indemnitee all Indemnifiable Expenses incurred by
      Indemnitee in connection with any Proceeding, including a Proceeding by or
      in
      the right of the Company, in advance of the final disposition of such
      Proceeding, as the same are incurred. To the extent required by Nevada law,
      Indemnitee hereby undertakes to repay the amount of Indemnifiable Expenses
      paid
      to Indemnitee if it is ultimately determined by a court of competent
      jurisdiction that Indemnitee is not entitled under this Agreement to
      indemnification with respect to such Expenses. This undertaking is an unlimited
      general obligation of Indemnitee.

     

    (b)    Procedure
      for Advance Payment of Expenses.
      Indemnitee shall submit to the Company a written request specifying the
      Indemnifiable Expenses for which Indemnitee seeks an advancement under
Section
      8(a)
      of this
      Agreement, together with documentation evidencing that Indemnitee has incurred
      such Indemnifiable Expenses. Payment of Indemnifiable Expenses under
Section
      8(a)
      shall be
      made no later than 15 calendar days after the Company’s receipt of such
      request.

     

    9.    Remedies
      of Indemnitee.

     

    (a)    Right
      to Petition Court.
      In
      the
      event that Indemnitee makes a request for payment of Indemnifiable Amounts
      under
Sections
      3
      and
5
      above or
      a request for an advancement of Indemnifiable Expenses under Section
      8
      above,
      and the Company fails to make such payment or advancement in a timely manner
      pursuant to the terms of this Agreement, Indemnitee may petition a court of
      law
      to enforce the Company’s obligations under this Agreement.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    (b)    Expenses. If
      Indemnitee is successful under any claim or action brought under Section
      9(a),
      the
      Company agrees to reimburse Indemnitee in full for any Expenses incurred by
      Indemnitee in connection with investigating, preparing for, litigating,
      defending or settling any action brought by Indemnitee under Section
      9(a)
      above,
      or in connection with any claim or counterclaim brought by the Company in
      connection therewith.

     

    (c)    Validity
      of Agreement.
      The
      Company shall be precluded from asserting in any Proceeding, including, without
      limitation, an action under Section
      9(a)
      above,
      that the provisions of this Agreement are not valid, binding, and enforceable
      or
      that there is insufficient consideration for this Agreement and shall stipulate
      in court that the Company is bound by all the provisions of this
      Agreement.

     

    (d)    Failure
      to Act Not a Defense.
      The
      failure of the Company (including its Board or any committee thereof) to make
      a
      determination concerning the permissibility of the payment of Indemnifiable
      Amounts or the advancement of Indemnifiable Expenses under this Agreement shall
      not be a defense in any action brought under Section
      9(a)
      above,
      and shall not create a presumption that such payment or advancement is not
      permissible.

     

    10.   
        Representations
      and Warranties of the Company.
      The
      Company hereby represents and warrants to Indemnitee as follows:

     

    (a)    Authority.
      The
      Company has all necessary power and authority to enter into, and be bound by
      the
      terms of, this Agreement, and the execution, delivery, and performance of the
      undertakings contemplated by this Agreement have been duly authorized by the
      Company.

     

    (b)    Enforceability.
      This
      Agreement, when executed and delivered by the Company in accordance with the
      provisions hereof, shall be a legal, valid, and binding obligation of the
      Company, enforceable against the Company in accordance with its terms, except
      as
      such enforceability may be limited by applicable bankruptcy, insolvency,
      moratorium, reorganization or similar laws affecting the enforcement of
      creditors’ rights generally.

     

    11.   
        Insurance.
      To the
      extent that the Company maintains an insurance policy or policies providing
      officers’ and directors’ liability insurance, Indemnitee shall be covered by
      such policy or policies, in accordance with its or their terms, to the maximum
      extent of the coverage available for any officer or director of the
      Company.

     

    12.   
        Contract
      Rights Not Exclusive.
      The
      rights to payment of Indemnifiable Amounts and advancement of Indemnifiable
      Expenses provided by this Agreement shall be in addition to, but not exclusive
      of, any other rights which Indemnitee may have at any time under applicable
      law,
      the Company’s Articles of Incorporation, Bylaws, or any other agreement, vote of
      stockholders or directors (or a committee of directors), or otherwise, both
      as
      to action in Indemnitee’s official capacity and as to action in any other
      capacity as a result of Indemnitee’s Corporate Status.

     

    13.  
        Binding
      Nature of Agreement; Successors.
      This
      Agreement shall be (a) binding upon all successors and assigns of the Company
      (including any transferee of all or a substantial portion of the business,
      stock
      and/or assets of the Company and any direct or indirect successor by merger
      or
      consolidation or otherwise by operation of law) and (b) binding on and shall
      inure to the benefit of the heirs, personal representatives, executors, and
      administrators of Indemnitee. This Agreement shall continue for the benefit
      of
      Indemnitee and such heirs, personal representatives, executors, and
      administrators after Indemnitee has ceased to have Corporate
      Status.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    14.  
        Subrogation.
      In the
      event of any payment of Indemnifiable Amounts under this Agreement, the Company
      shall be subrogated to the extent of such payment to all of the rights of
      contribution or recovery of Indemnitee against other persons, and Indemnitee
      shall take, at the request of the Company, all reasonable action necessary
      to
      secure such rights, including the execution of such documents as are necessary
      to enable the Company to bring suit to enforce such rights.

     

    15.   
        Notice
      by Indemnitee.
      Indemnitee agrees promptly to notify the Company in writing upon being served
      with any summons, citation, subpoena, complaint, indictment, information or
      other document relating to any Proceeding or matter which may be subject to
      indemnification or advancement of expenses covered under this Agreement.

     

    16.   
        Miscellaneous.

     

    (a)    Notices.
      All
      notices, requests, demands, and other communications required or permitted
      under
      this Agreement shall be in writing and shall be deemed to have been duly given,
      made, and received (i) if personally delivered, on the date of delivery,
      (ii) if by facsimile transmission, upon receipt, (iii) if mailed,
      three days after deposit in the United States mail, registered or certified,
      return receipt requested, postage prepaid or (iv) if by a courier delivery
      service providing overnight or “next-day” delivery, on the next business day
      after deposit with such service, in each case addressed as follows:

    

      
        	
                (1)

              	
                If
                  to the Company:

              	 	
                with
                  a copy given in the manner

              
	 	 	 	
                prescribed,
                  to:

              
	 	
                Brownshire
                  Holdings, Inc.

              	 	 
	 	
                Suite
                  200

              	 	
                Rogers
                  & Theobald LLP

              
	 	
                660
                  LaSalle Place

              	 	
                2425
                  E. Camelback Road, Suite 300

              
	 	
                Highland
                  Park, IL 60035

              	 	
                Phoenix,
                  Arizona 85016

              
	 	
                Attention:
                  President

              	 	
                Attention:
                  Jere M. Friedman, Esq.

              
	 	
                Tel:
                  (847) 780-1006

              	 	
                Tel:
                  (602) 852-5540

              
	 	
                Fax:
                  (847) 780-1008

              	 	
                Fax:
                  (602) 852-5570

              
	 	
                e-mail:
                  nlynn50@aol.com

              	 	
                e-mail:
                  jmf@rogerstheobald.com 

              

      

    

    

    (2)    If
      to
      Indemnitee, at the address set forth below Indemnittee’s name on the signature
      page of this Agreement. 

     

    Either
      party may alter the address to which communications or copies are to be sent
      by
      giving notice of such change of address in conformity with the provisions of
      this Section
      16(a)
      for the
      giving of notice.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (b)    Entire
      Agreement; Amendments. This
      Agreement contains the entire agreement and understanding between the parties
      hereto with respect to the subject matter hereof and supersedes all prior and
      contemporaneous agreements, understandings, inducements, and conditions, express
      or implied, oral or written, of any nature whatsoever with respect to the
      subject matter hereof. The express terms hereof control and supersede any course
      of performance and/or usage of the trade inconsistent with any of the terms
      hereof. This Agreement may not be modified or amended other than by an agreement
      in writing signed by the party or parties to be bound.

     

    (c)    Controlling
      Law; Jurisdiction and Venue.
      This
      Agreement and all questions relating to its validity, interpretation,
      performance, and enforcement shall be governed by and construed, interpreted,
      and enforced in accordance with the laws of the State of Nevada, notwithstanding
      any Nevada, or other conflict-of-law provisions to the contrary. The Company
      and
      Indemnitee irrevocably submit, consent, and require that the state and federal
      courts located in Maricopa County, Arizona, and the appellate forums for these
      courts, shall have sole jurisdiction over any dispute arising under this
      Agreement, and the parties hereby consent to the personal jurisdiction of such
      courts and to extra-territorial service of process.

     

    (d)    Indulgences,
      Not Waivers.
      Neither
      the failure nor any delay on the part of either party to exercise any right,
      remedy, power or privilege under this Agreement shall operate as a waiver
      thereof, nor shall any single or partial exercise of any right, remedy, power
      or
      privilege preclude any other or further exercise of the same or of any other
      right, remedy, power or privilege, nor shall any waiver of any right, remedy,
      power or privilege with respect to any occurrence be construed as a waiver
      of
      such right, remedy, power or privilege with respect to any other occurrence.
      No
      waiver shall be effective unless it is in writing and is signed by the party
      asserted to have granted such waiver.

     

    (e)    Section
      Headings.
      The
      titles of sections and subsections contained in this Agreement are for
      convenience only. They form no part of this Agreement and they are not to be
      used in the construction or interpretation of this Agreement.

     

    (f)    
Execution
      in Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed to be an original as against any party whose signature appears thereon,
      and all of which shall together constitute one and the same instrument. This
      Agreement shall become binding when one or more counterparts hereof,
      individually or taken together, shall bear the signatures of the parties
      reflected hereon as the signatories. Any photographic or xerographic copy of
      this Agreement, with all signatures reproduced on one or more sets of signature
      pages, shall be considered for all purposes as if it were an executed
      counterpart of this Agreement. Signatures
      may be given by facsimile or other electronic transmission, and such signatures
      shall be fully binding on the party sending the same.

     

    (g)    Provisions
      Severable.
      The
      provisions of this Agreement are independent of and severable from each other,
      and no provision shall be affected or rendered invalid or unenforceable by
      virtue of the fact that for any reason any other or others of them may be
      invalid or unenforceable in whole or in part. Further, if a court of competent
      jurisdiction determines that any provision of this Agreement is invalid or
      unenforceable as written, such court may interpret, construe, rewrite or revise
      such provision, to the fullest extent allowed by law, so as to make it valid
      and
      enforceable consistent with the intent of the parties.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (h)   Construction.
      Each
      party hereto acknowledges that it was represented by legal counsel (or had
      the
      opportunity to be represented by legal counsel) in connection with this
      Agreement and that such party and his, her or its counsel have reviewed and
      revised this Agreement, or have had an opportunity to do so, and that any rule
      of construction to the effect that ambiguities are to be resolved against the
      drafting party shall not be employed in the interpretation of this Agreement
      or
      any amendments or any Exhibits or Schedules hereto or thereto.

     

    [Signature
      page follows.]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Indemnification Agreement as of the Effective
      Date.

     

    
      	 	
              COMPANY:

            
	 	 
	 	
              BROWNSHIRE
                HOLDINGS, INC.

            
	 	 
	 	 
	 	
              By:

            	
              /s/
                Norman S. Lynn

            
	 	
              Name:
                Norman S. Lynn

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              INDEMNITEE:

            
	 	 
	 	 
	 	
              By:

            	
              /s/
                Steven A. Rothstein

            
	 	
              Name: 
                Steven A. Rothstein

            
	 	
              Address:  
                2737 Illinois Road

            
	 	
              Wilmette,
                IL 60090

            
	 	
              Facsimile
                No.:   (847) 256-4199

            

    

     

     

    
      12Exhibit 10.2

    
      

    

    
      EXHIBIT
        10.2

       
INDEMNIFICATION
      AGREEMENT

    

    This
      Indemnification Agreement (“Agreement”) is made and entered into as of December
      5, 2002 (the “Effective Date”), by Brownshire Holdings, Inc., a Nevada
      corporation (the “Company”) and Norman S. Lynn (the “Indemnitee”).

    

    RECITALS

    

    WHEREAS,
      highly
      competent persons are becoming more reluctant to serve publicly-held
      corporations as officers and directors unless they are provided with adequate
      protection through insurance or adequate indemnification against inordinate
      risks of claims and actions against them arising out of their service to and
      activities on behalf of such corporations; and

    

    WHEREAS,
      the
      Board of Directors of the Company (the “Board”) has determined that the
      inability to attract and retain such persons is detrimental to the best
      interests of the Company’s stockholders and that the Company should act to
      assure such persons that there will be increased certainty of such protection
      in
      the future; and

    

    WHEREAS,
      the
      Board deems it to be reasonable, prudent and necessary for the Company
      contractually to indemnify its officers and directors to the fullest extent
      permitted by applicable law so that they will serve or continue to serve the
      Company free from undue concern that they will not be so
      indemnified.

    

    AGREEMENT

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the covenants contained herein, the Company
      and Indemnitee do hereby covenant and agree as follows:

    

    1.     Definitions.
      For
      purposes of this Agreement, the following terms shall have the following
      meanings:

    

    (a)     “Change
      of Control” shall have the meaning set forth in Section
      5(d).

    

    (b)     “Corporate
      Status” describes the status of a person who is serving or has served (i) as an
      officer or director of the Company, including as a member of any committee
      of
      the Board, (ii) in any capacity with respect to any employee benefit plan of
      the
      Company, or (iii) as a director, partner, trustee, officer, employee, or agent
      of any other Entity at the request of the Company. For purposes of subsection
      (iii) above, an officer or director of the Company who is serving or has served
      as a director, partner, trustee, officer, employee or agent of a Subsidiary
      shall be deemed to be serving at the request of the Company.

    

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

    

    (d)     “Entity”
      shall mean any corporation, partnership, limited liability company, joint
      venture, trust, foundation, association, organization or other legal
      entity.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e)     “Expenses”
      shall mean all reasonable fees, costs and expenses incurred in connection with
      any Proceeding, including, without limitation, reasonable attorneys’ fees,
      disbursements and retainers, fees and disbursements of expert witnesses, private
      investigators and professional advisors, court costs, transcript costs, travel
      expenses, duplicating, printing and binding costs, telephone and fax
      transmission charges, postage, delivery services and other disbursements, and
      expenses of the types customarily incurred in connection with prosecuting,
      defending, preparing to prosecute or defend, investigating, or being or
      preparing to be a witness in a Proceeding.

    

    (f)    “Indemnifiable
      Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts” shall have
      the meanings ascribed to those terms in Section
      3(a)
      below.

    

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

    

    (h)     “Liabilities”
      shall mean judgments, damages, liabilities, losses, penalties, excise taxes,
      fines, and amounts paid in settlement.

    

    (i)    “Proceeding”
      shall mean any threatened, pending or completed claim, action, suit,
      arbitration, alternate dispute resolution process, investigation, administrative
      hearing, appeal, or any other proceeding, whether civil, criminal,
      administrative, arbitrative or investigative, whether formal or informal,
      including a proceeding initiated by Indemnitee pursuant to Section
      9
      of this
      Agreement to enforce Indemnitee’s rights hereunder, but excluding a proceeding
      pending on or prior to the Effective Date.

    

    (j)     “Subsidiary”
      shall mean any Entity of which the Company owns (either directly or through
      another Subsidiary) either (i) a general partner, managing member or other
      similar interest or (ii) 50% or more of the voting power of the voting capital
      stock or other voting equity interests of such Entity.

    

    2.     Services
      of Indemnitee.
      In
      consideration of the Company’s covenants and commitments hereunder, Indemnitee
      agrees to serve or continue to serve as a director and officer of the Company.
      However, this Agreement shall not impose any obligation on Indemnitee or the
      Company to continue Indemnitee’s service to the Company beyond any period
      otherwise required by law or by other agreements or commitments of the parties,
      if any.

    

    3.    Agreement
      to Indemnify.
      The
      Company agrees to indemnify Indemnitee as follows:

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (a)     Proceedings
      Other Than Proceedings by or in the Right of the Company.
      Subject
      to the exceptions set forth in Section
      4
      below,
      if Indemnitee was or is a party or is threatened to be made a party to any
      Proceeding (other than an action by or in the right of the Company) by reason
      of
      Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Company
      against all Expenses and Liabilities actually and reasonably incurred by
      Indemnitee in connection with such Proceeding (referred to herein as
“Indemnifiable Expenses” and “Indemnifiable Liabilities,” respectively, and
      collectively, as “Indemnifiable Amounts”), if Indemnitee (i) is not liable under
      Nevada Revised Statutes Section 78.138, as such statute may be modified,
      amended, or superceded from time to time (“Section 78.138”), or (ii) acted in
      good faith and in a manner 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, Indemnitee had no reasonable cause to believe that
      Indemnitee’s conduct was unlawful.

    

    (b)     Proceedings
      by or in the Right of the Company.
      To the
      extent permitted by applicable law and subject to the exceptions set forth
      in
Section
      4
      below,
      if Indemnitee was or is a party or is threatened to be made a party to any
      threatened, pending or completed Proceeding by or in the right of the Company
      to
      procure a judgment in its favor by reason of Indemnitee’s Corporate Status,
      Indemnitee shall be indemnified by the Company against all Indemnifiable
      Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
      behalf in connection with such Proceeding if Indemnitee (i) is not liable under
      Section 78.138, or (ii) acted in good faith and in a manner he reasonably
      believed to be in or not opposed to the best interests of the Company;
provided,
      however,
      that,
      if applicable law prohibits such indemnification, no indemnification against
      such expenses shall be made in respect of any claim, issue or matter in such
      Proceeding as to which Indemnitee shall have been adjudged to be liable to
      the
      Company unless and to the extent that the court in which such Proceeding shall
      have been brought or is pending shall determine that such indemnification may
      be
      made.

    

    (c)     Indemnification
      for Expenses as a Witness.
      Subject
      to the exceptions set forth in Section
      4
      below,
      to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a
      witness in any Proceeding to which Indemnitee is not a party, the Company shall
      indemnify Indemnitee against all expenses actually and reasonably incurred
      by
      Indemnitee in connection therewith.

    

    (d)     Settlements.
      The
      Company shall not be liable to indemnify Indemnitee under the Agreement for
      any
      amounts paid in settlement of any action or claim effected without its written
      consent, which consent shall not be unreasonably withheld or delayed. The
      Company shall not settle any action or claim in any manner which would impose
      any material penalty or limitation on Indemnitee without Indemnitee’s consent,
      which consent may be withheld in Indemnitee’s sole and absolute
      discretion.

    

    
      	 	
              4.

            	
              Exceptions
                to Indemnification. 

            

    

    

    (a)    Indemnitee
      as Plaintiff.
      Except
      as provided in Section
      9(b)
      of this
      Agreement and in the next sentence, Indemnitee shall not be entitled to payment
      of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect
      to any Proceeding brought by Indemnitee against the Company, any Entity that
      it
      controls, any director or officer thereof, or any third party, unless the
      Company has consented to the initiation of such Proceeding. This Section
      4(a)
      shall
      not apply to counterclaims or affirmative defenses asserted by Indemnitee in
      an
      action brought against Indemnitee.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (b)     Other
      Limitations to Indemnification.
      Notwithstanding anything contained in this Agreement or in the Company’s
      Articles of Incorporation or Bylaws (as either or both may be amended from
      time
      to time) to the contrary, the Company shall not be obligated to indemnify or
      hold harmless Indemnitee:

    

    (i)     if
      and to
      the extent that such indemnification shall be prohibited by applicable law;
      

    

    (ii)     except
      to
      the extent the aggregate of losses to be indemnified hereunder exceeds the
      amount of the losses for which Indemnitee is indemnified pursuant to any policy
      of insurance purchased and maintained by the Company and such amounts are
      actually paid to or for the benefit of Indemnitee pursuant to such insurance
      policy(ies);

    

    (iii)    in
      respect to remuneration paid to Indemnitee if it shall be determined by a final
      judgment or other final adjudication that such remuneration was in violation
      of
      law;

    (iv)    on
      account of any suit in which final judgment is rendered against Indemnitee
      for
      an accounting of profits made from the purchase or sale by Indemnitee of
      securities of the Company pursuant to the provisions of Section 16(b) of the
      Securities Exchange Act of 1934 and amendments thereto or similar provisions
      of
      any law;

    

    (v)     if
      and to
      the extent that a claim in a Proceeding is decided adversely to Indemnitee
      based
      upon or attributable to Indemnitee gaining in fact any personal profit or
      advantage to which Indemnitee was not legally entitled; or 

    

    (vi)    if
      and to
      the extent that the indemnifiable event or Indemnitee’s acts or omissions
      constituted or arose out of Indemnitee’s fraudulent or dishonest or intentional
      misconduct, knowing violation of the law or gross negligence.

    

    
      	 	
              5.

            	
              Procedure
                for Payment of Indemnifiable Amounts. 

            

    

    

    (a)    Written
      Request for Indemnification.
      To
      obtain indemnification under this Agreement, Indemnitee shall submit to the
      Company a written request, including therein or therewith such documentation
      and
      information as is reasonably available to Indemnitee and is reasonably necessary
      to determine whether and to what extent Indemnitee is entitled to
      indemnification. The Company shall, promptly upon receipt of such a request
      for
      indemnification, advise the Board in writing that Indemnitee has requested
      indemnification.

    

    (b)    Determination
      of Entitlement to Indemnification.
      Upon
      written request by Indemnitee for indemnification pursuant to the first sentence
      of Section
      5(a)
      hereof,
      a determination, if required by applicable law, with respect to Indemnitee’s
      entitlement thereto shall be made in the specific case: 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (i)    
if
      a Change
      in Control shall have occurred, by Independent Counsel in a written opinion
      to
      the Board, a copy of which shall be delivered to Indemnitee; or 

    

    (ii)    
if
      a Change
      of Control shall not have occurred, (A) by the Board by a majority vote of
      Disinterested Directors, even though less than a quorum of the Board, or (B)
      by
      a committee of Disinterested Directors designated by a majority vote of
      Disinterested Directors, even though less than a quorum of the Board, or (C)
      if
      there are no Disinterested Directors, or if the Disinterested Directors so
      direct, by Independent Counsel in a written opinion to the Board, a copy of
      which shall be delivered to Indemnitee, or (D) if so directed by the Board,
      by
      the stockholders of the Company.

    

    If
      it is
      so determined that Indemnitee is entitled to indemnification, payment to
      Indemnitee (or on behalf of Indemnitee) shall be made within fifteen (15) days
      after such determination. Indemnitee shall cooperate with the person, persons
      or
      entity making such determination with respect to Indemnitee’s entitlement to
      indemnification, including providing to such person, persons or entity upon
      reasonable advance request any documentation or information that is not
      privileged or otherwise protected from disclosure and that is reasonably
      available to Indemnitee and reasonably necessary to such determination. Any
      Independent Counsel, member of the Board, or stockholder of the Company shall
      act reasonably and in good faith in making a determination under this Agreement
      of the Indemnitee’s entitlement to indemnification. Any costs or expenses
      (including attorneys’ fees and disbursements) incurred by Indemnitee in so
      cooperating with the person, persons or entity making such determination shall
      be borne by the Company (irrespective of the determination as to Indemnitee’s
      entitlement to indemnification) and the Company hereby indemnifies and agrees
      to
      hold Indemnitee harmless therefrom.

    

    (c)     Selection
      of Independent Counsel.
      In the
      event the determination of entitlement to indemnification is to be made by
      Independent Counsel pursuant to Section
      5(b)
      hereof,
      the Independent Counsel shall be selected as provided to this Section
      5(c).
      If a
      Change of Control shall not have occurred, the Board shall select the
      Independent Counsel and the Company shall give written notice to Indemnitee
      advising Indemnitee of the identity of the Independent Counsel so selected.
      If a
      Change of Control shall have occurred, Indemnitee shall select the Independent
      Counsel and shall give written notice to the Company advising it of the identity
      of the Independent Counsel so selected. In either event, Indemnitee or the
      Company, as the case may be, may, within 10 days after such written notice
      of
      selection shall have been given, deliver to the Company or to Indemnitee, as
      the
      case may be, a written objection to such selection; provided,
      however,
      that
      such objection may be asserted only on the ground that the Independent Counsel
      so selected does not meet the requirements of “Independent Counsel” as defined
      in Section
      1
      of this
      Agreement, and the objection shall set forth with particularity the factual
      basis of such assertion. If such written objection is so made and substantiated,
      the Independent Counsel so selected may not serve as Independent Counsel unless
      and until such objection is withdrawn or a court has determined that such
      objection is without merit. If, within twenty (20) days after submission by
      Indemnitee of a written request for indemnification pursuant to Section
      5(a)
      hereof,
      no Independent Counsel shall have been selected and not objected to, either
      the
      Company or Indemnitee may petition a court of the State of Arizona or other
      court of competent jurisdiction for resolution of any objection that shall
      have
      been made by the Company or Indemnitee to the other’s selection of Independent
      Counsel and/or for the appointment as Independent Counsel of a person selected
      by the court or by such other person as the court shall designate, and the
      person with respect to whom all objections are so resolved or the person so
      appointed shall act as Independent Counsel under Section
      5(b)
      hereof.
      The Company shall pay any and all reasonable fees and expenses of Independent
      Counsel incurred by such Independent Counsel in connection with acting pursuant
      to Section
      5(b)
      hereof,
      and the Company shall pay all reasonable fees and expenses incident to the
      procedures of Section
      9(a),
      regardless of the manner in which such Independent Counsel was selected or
      appointed. Upon the due commencement of any judicial proceeding pursuant to
      Section
      9(a)
      of this
      Agreement, Independent Counsel shall be discharged and relieved of any further
      responsibility in such capacity (subject to the applicable standards of
      professional conduct then prevailing).

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d)    Change
      of Control.
      For
      purposes of this Section
      5,
      a
“Change in Control” shall be deemed to have occurred if and when

    

    (i)    
any
      person
      (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange
      Act of 1934, as amended (the “Exchange Act”)), together with all “affiliates”
and “associates” (as defined under Rule 12b-2 promulgated under the Exchange
      Act) of such person becomes the “beneficial owner” (as defined in Rule 13d-3
      under the Exchange Act) directly or indirectly of equity securities of the
      Company representing 50 percent or more of the combined voting power of the
      Company’s then-outstanding equity securities without the prior approval of at
      least a majority of the members of the Board in office immediately prior to
      such
      person(s) attaining such percentage interest and who are not affiliates or
      associates of such person(s), provided
      that
      this Section
      5(d)(i)
      shall
      not apply to beneficial ownership by (1) a trustee or other fiduciary holding
      securities under an employee benefit plan of the Company or any subsidiary
      of
      the Company, (2) a corporation owned, directly or indirectly, by the
      stockholders of the Company in substantially the same proportions as their
      ownership of the Company, (3) the Company or any Subsidiary, (4) Indemnitee,
      together with all affiliates and associates of Indemnitee, or (5) any person
      that, together with any affiliate thereof, is such a 50% beneficial owner as
      of
      the date hereof, unless after the date of this Agreement such person has
      beneficial ownership of less than 50% of the combined voting power of the
      Company’s then-outstanding equity securities and thereafter acquires beneficial
      ownership of more than 50% of the combined voting power of the Company’s
      then-outstanding equity securities; or

    

    (ii)    
there
      occurs
      a proxy contest, or the Company is a party to a merger, consolidation, sale
      of
      assets, plan of liquidation or other reorganization (in a single transaction
      or
      a series of transactions) not approved by at least two-thirds of the members
      of
      the Board then in office, as a consequence of which members of the Board in
      office immediately prior to such transaction or event constitute less than
      a
      majority of the Board thereafter; or 

    

    (iii)    during
      any
      period of two consecutive years, other than as a result of an event described
      in
Section
      5(d)(ii),
      individuals who at the beginning of such period constituted the Board (including
      for this purpose any new director whose election or nomination for election
      by
      the Company’s stockholders was approved by a vote of at least two-thirds of the
      directors then still in office who were directors at the beginning of such
      period) cease for any reason to constitute at least a majority of the
      Board.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    6.     Indemnification
      for Expenses of a Party Who is Partly Successful.
      Notwithstanding any other provision of this Agreement, and without limiting
      any
      such provision, to the extent that Indemnitee is, by reason of Indemnitee’s
      Corporate Status, a party to a Proceeding and is not wholly successful in such
      Proceeding, but is successful, on the merits or otherwise, as to one or more
      but
      less than all claims, issues or matters in such Proceeding, the Company shall
      indemnify Indemnitee against all Expenses actually and reasonably incurred
      by
      Indemnitee or on Indemnitee’s behalf in connection with each successfully
      resolved claim, issue or matter. For purposes of this Agreement, the termination
      of any claim, issue or matter in such a Proceeding by dismissal, with or without
      prejudice, shall be deemed to be a successful result as to such claim, issue
      or
      matter.

    

    7.    Effect
      of Certain Resolutions.
      Neither
      the settlement or termination of any Proceeding nor the failure of the Company
      to award indemnification or to determine that indemnification is payable shall
      create an adverse presumption that Indemnitee is not entitled to indemnification
      hereunder. In addition, the termination of any Proceeding by judgment, order,
      settlement, conviction, or upon a plea of nolo contendere or its equivalent
      shall not create a presumption that Indemnitee is liable under Section 78.138 or
      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 Company or, with respect
      to
      any criminal action or proceeding, had reasonable cause to believe that
      Indemnitee’s conduct was unlawful.

    

    
      	 	
              8.

            	
              Advancement
                of Expenses. 

            

    

    

    (a)     Conditions.
      Subject
      to Section
      8(b),
      the
      Company shall pay to Indemnitee all Indemnifiable Expenses incurred by
      Indemnitee in connection with any Proceeding, including a Proceeding by or
      in
      the right of the Company, in advance of the final disposition of such
      Proceeding, as the same are incurred. To the extent required by Nevada law,
      Indemnitee hereby undertakes to repay the amount of Indemnifiable Expenses
      paid
      to Indemnitee if it is ultimately determined by a court of competent
      jurisdiction that Indemnitee is not entitled under this Agreement to
      indemnification with respect to such Expenses. This undertaking is an unlimited
      general obligation of Indemnitee.

    

    (b)    Procedure
      for Advance Payment of Expenses.
      Indemnitee shall submit to the Company a written request specifying the
      Indemnifiable Expenses for which Indemnitee seeks an advancement under
Section
      8(a)
      of this
      Agreement, together with documentation evidencing that Indemnitee has incurred
      such Indemnifiable Expenses. Payment of Indemnifiable Expenses under
Section
      8(a)
      shall be
      made no later than 15 calendar days after the Company’s receipt of such
      request.

    

    
      	 	
              9.

            	
              Remedies
                of Indemnitee.

            

    

    

    (a)     Right
      to Petition Court.
      In
      the
      event that Indemnitee makes a request for payment of Indemnifiable Amounts
      under
Sections
      3
      and
5
      above or
      a request for an advancement of Indemnifiable Expenses under Section
      8
      above,
      and the Company fails to make such payment or advancement in a timely manner
      pursuant to the terms of this Agreement, Indemnitee may petition a court of
      law
      to enforce the Company’s obligations under this Agreement.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    (b)     Expenses. If
      Indemnitee is successful under any claim or action brought under Section
      9(a),
      the
      Company agrees to reimburse Indemnitee in full for any Expenses incurred by
      Indemnitee in connection with investigating, preparing for, litigating,
      defending or settling any action brought by Indemnitee under Section
      9(a)
      above,
      or in connection with any claim or counterclaim brought by the Company in
      connection therewith.

    

    (c)     Validity
      of Agreement.
      The
      Company shall be precluded from asserting in any Proceeding, including, without
      limitation, an action under Section
      9(a)
      above,
      that the provisions of this Agreement are not valid, binding, and enforceable
      or
      that there is insufficient consideration for this Agreement and shall stipulate
      in court that the Company is bound by all the provisions of this
      Agreement.

    

    (d)     Failure
      to Act Not a Defense.
      The
      failure of the Company (including its Board or any committee thereof) to make
      a
      determination concerning the permissibility of the payment of Indemnifiable
      Amounts or the advancement of Indemnifiable Expenses under this Agreement shall
      not be a defense in any action brought under Section
      9(a)
      above,
      and shall not create a presumption that such payment or advancement is not
      permissible.

    

    10.    Representations
      and Warranties of the Company.
      The
      Company hereby represents and warrants to Indemnitee as follows:

    

    (a)     Authority.
      The
      Company has all necessary power and authority to enter into, and be bound by
      the
      terms of, this Agreement, and the execution, delivery, and performance of the
      undertakings contemplated by this Agreement have been duly authorized by the
      Company.

    

    (b)    Enforceability.
      This
      Agreement, when executed and delivered by the Company in accordance with the
      provisions hereof, shall be a legal, valid, and binding obligation of the
      Company, enforceable against the Company in accordance with its terms, except
      as
      such enforceability may be limited by applicable bankruptcy, insolvency,
      moratorium, reorganization or similar laws affecting the enforcement of
      creditors’ rights generally.

    

    11.   Insurance.
      To the
      extent that the Company maintains an insurance policy or policies providing
      officers’ and directors’ liability insurance, Indemnitee shall be covered by
      such policy or policies, in accordance with its or their terms, to the maximum
      extent of the coverage available for any officer or director of the
      Company.

    

    12.   Contract
      Rights Not Exclusive.
      The
      rights to payment of Indemnifiable Amounts and advancement of Indemnifiable
      Expenses provided by this Agreement shall be in addition to, but not exclusive
      of, any other rights which Indemnitee may have at any time under applicable
      law,
      the Company’s Articles of Incorporation, Bylaws, or any other agreement, vote of
      stockholders or directors (or a committee of directors), or otherwise, both
      as
      to action in Indemnitee’s official capacity and as to action in any other
      capacity as a result of Indemnitee’s Corporate Status.

    

    13.    Binding
      Nature of Agreement; Successors.
      This
      Agreement shall be (a) binding upon all successors and assigns of the Company
      (including any transferee of all or a substantial portion of the business,
      stock
      and/or assets of the Company and any direct or indirect successor by merger
      or
      consolidation or otherwise by operation of law) and (b) binding on and shall
      inure to the benefit of the heirs, personal representatives, executors, and
      administrators of Indemnitee. This Agreement shall continue for the benefit
      of
      Indemnitee and such heirs, personal representatives, executors, and
      administrators after Indemnitee has ceased to have Corporate
      Status.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    14.    Subrogation.
      In the
      event of any payment of Indemnifiable Amounts under this Agreement, the Company
      shall be subrogated to the extent of such payment to all of the rights of
      contribution or recovery of Indemnitee against other persons, and Indemnitee
      shall take, at the request of the Company, all reasonable action necessary
      to
      secure such rights, including the execution of such documents as are necessary
      to enable the Company to bring suit to enforce such rights.

    

    15.   Notice
      by Indemnitee.
      Indemnitee agrees promptly to notify the Company in writing upon being served
      with any summons, citation, subpoena, complaint, indictment, information or
      other document relating to any Proceeding or matter which may be subject to
      indemnification or advancement of expenses covered under this Agreement.

    

    16.   Miscellaneous.

    

    (a)    Notices.
      All
      notices, requests, demands, and other communications required or permitted
      under
      this Agreement shall be in writing and shall be deemed to have been duly given,
      made, and received (i) if personally delivered, on the date of delivery,
      (ii) if by facsimile transmission, upon receipt, (iii) if mailed,
      three days after deposit in the United States mail, registered or certified,
      return receipt requested, postage prepaid or (iv) if by a courier delivery
      service providing overnight or “next-day” delivery, on the next business day
      after deposit with such service, in each case addressed as follows:

    

    
      	
              (1)

            	
              If
                to the Company:

            	 	
              with
                a copy given in the manner

            
	 	 	 	
              prescribed,
                to:

            
	 	
              Brownshire
                Holdings, Inc.

            	 	 
	 	
              Suite
                200

            	 	
              Rogers
                & Theobald LLP

            
	 	
              660
                LaSalle Place

            	 	
              2425
                E. Camelback Road, Suite 300

            
	 	
              Highland
                Park, IL 60035

            	 	
              Phoenix,
                Arizona 85016

            
	 	
              Attention:
                President

            	 	
              Attention:
                Jere M. Friedman, Esq.

            
	 	
              Tel:
                (847) 780-1006

            	 	
              Tel:
                (602) 852-5540

            
	 	
              Fax:
                (847) 780-1008

            	 	
              Fax:
                (602) 852-5570

            
	 	
              e-mail:
                nlynn50@aol.com

            	 	
              e-mail:
                jmf@rogerstheobald.com 

            

    

    

    (2)     If
      to
      Indemnitee, at the address set forth below Indemnittee’s name on the signature
      page of this Agreement. 

    

    Either
      party may alter the address to which communications or copies are to be sent
      by
      giving notice of such change of address in conformity with the provisions of
      this Section
      16(a)
      for the
      giving of notice.

    

    (b)     Entire
      Agreement; Amendments. This
      Agreement contains the entire agreement and understanding between the parties
      hereto with respect to the subject matter hereof and supersedes all prior and
      contemporaneous agreements, understandings, inducements, and conditions, express
      or implied, oral or written, of any nature whatsoever with respect to the
      subject matter hereof. The express terms hereof control and supersede any course
      of performance and/or usage of the trade inconsistent with any of the terms
      hereof. This Agreement may not be modified or amended other than by an agreement
      in writing signed by the party or parties to be bound.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (c)    Controlling
      Law; Jurisdiction and Venue.
      This
      Agreement and all questions relating to its validity, interpretation,
      performance, and enforcement shall be governed by and construed, interpreted,
      and enforced in accordance with the laws of the State of Nevada, notwithstanding
      any Nevada, or other conflict-of-law provisions to the contrary. The Company
      and
      Indemnitee irrevocably submit, consent, and require that the state and federal
      courts located in Maricopa County, Arizona, and the appellate forums for these
      courts, shall have sole jurisdiction over any dispute arising under this
      Agreement, and the parties hereby consent to the personal jurisdiction of such
      courts and to extra-territorial service of process.

    

    (d)    Indulgences,
      Not Waivers.
      Neither
      the failure nor any delay on the part of either party to exercise any right,
      remedy, power or privilege under this Agreement shall operate as a waiver
      thereof, nor shall any single or partial exercise of any right, remedy, power
      or
      privilege preclude any other or further exercise of the same or of any other
      right, remedy, power or privilege, nor shall any waiver of any right, remedy,
      power or privilege with respect to any occurrence be construed as a waiver
      of
      such right, remedy, power or privilege with respect to any other occurrence.
      No
      waiver shall be effective unless it is in writing and is signed by the party
      asserted to have granted such waiver.

    

    (e)     Section
      Headings.
      The
      titles of sections and subsections contained in this Agreement are for
      convenience only. They form no part of this Agreement and they are not to be
      used in the construction or interpretation of this Agreement.

    

    (f)    Execution
      in Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed to be an original as against any party whose signature appears thereon,
      and all of which shall together constitute one and the same instrument. This
      Agreement shall become binding when one or more counterparts hereof,
      individually or taken together, shall bear the signatures of the parties
      reflected hereon as the signatories. Any photographic or xerographic copy of
      this Agreement, with all signatures reproduced on one or more sets of signature
      pages, shall be considered for all purposes as if it were an executed
      counterpart of this Agreement. Signatures
      may be given by facsimile or other electronic transmission, and such signatures
      shall be fully binding on the party sending the same.

    

    (g)     Provisions
      Severable.
      The
      provisions of this Agreement are independent of and severable from each other,
      and no provision shall be affected or rendered invalid or unenforceable by
      virtue of the fact that for any reason any other or others of them may be
      invalid or unenforceable in whole or in part. Further, if a court of competent
      jurisdiction determines that any provision of this Agreement is invalid or
      unenforceable as written, such court may interpret, construe, rewrite or revise
      such provision, to the fullest extent allowed by law, so as to make it valid
      and
      enforceable consistent with the intent of the parties.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (h)     Construction.
      Each
      party hereto acknowledges that it was represented by legal counsel (or had
      the
      opportunity to be represented by legal counsel) in connection with this
      Agreement and that such party and his, her or its counsel have reviewed and
      revised this Agreement, or have had an opportunity to do so, and that any rule
      of construction to the effect that ambiguities are to be resolved against the
      drafting party shall not be employed in the interpretation of this Agreement
      or
      any amendments or any Exhibits or Schedules hereto or thereto.

    

    [Signature
      page follows.]

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Indemnification Agreement as of the Effective
      Date.

    

    
      	 	
              COMPANY:

            
	 	 
	 	
              BROWNSHIRE
                HOLDINGS, INC.

            
	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Steven A. Rothstein

            
	 	
              Name:
                Steven A. Rothstein

            
	 	
              Title:
                President

            
	 	 	 
	 	
              INDEMNITEE:

            
	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Norman S. Lynn

            
	 	
              Name:
                Norman S. Lynn

            
	 	
              Address:
                Post Office Box 1675

            
	 	
               Highland
                Park, IL 60035

            
	 	
              Facsimile
                No.:(847) 780-1008

            

    

     

     

    12

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