Document:

Exhibit
        10.17

    

     

    FORM
      OF SCIENTIFIC ADVISORY BOARD AGREEMENT

     

    This
      Agreement is made as of _____________ ___, 2005, between Modigene Inc. (the
      "Company"), and ____________________ (the "Consultant"'), and shall be effective
      as of the date this Agreement has been approved by the Board of Directors of
      the
      Company (the "Effective Date"). Consultant has been involved in fields of
      particular interest to the Company. The Company wishes to retain Consultant
      in a
      consulting capacity as a member of the Company's Scientific Advisory Board
      (the
      "SAB"), and Consultant desires to perform such consulting services. Accordingly,
      the parties agree as follows:

     

    1. Services.
      Consultant will serve as a member of the SAB, attend SAB meetings, and advise
      the Company's management, employees and agents, at reasonable times, in matters
      related to the relevant field of interest, as requested by the Company as set
      forth below. The field of interest for consulting hereunder involves
      technologies for cardiovascular medicine (the "Field of Interest"). Consultant
      shall be required to attend four meetings of the SAB per year. Consultation
      may
      be sought by the Company over the telephone, in person at Consultant's office,
      at the Company's offices or another reasonable location or through written
      correspondence, and will involve engaging in, providing Consultant’s expertise
      as applied to, as well as reviewing activities and developments in the Field
      of
      Interest.

     

    2. Compensation.
      In
      consideration for Consultant's services provided under this Agreement,
      Consultant will be granted nonstatutory stock options pursuant to the Company's
      2005 Stock Option Plan (the “Plan”) exercisable to purchase 25,000 shares of the
      Company’s Common Stock, par value $.001 per share, at an exercise price of $1.50
      per share. The options will vest annually in four equal increments, with the
      first increment vesting on the one year anniversary of the Effective Date.
      In
      the event that this Agreement is terminated, any unvested options shall be
      terminated and cancelled and any vested options shall be exercisable in
      accordance with and subject to the terms of the Plan. For meetings with the
      Company’s representative(s) in excess of the four required meetings per year,
      the Company shall pay Consultant a mutually agreed upon per diem rate.
      Reasonable expenses of Consultant incurred at the request of the Company
      (including travel expenses incurred in connection with Company related business)
      will be reimbursed promptly by the Company, subject to customary
      verification.

     

    3. Term.
      The
      term of this Agreement will begin on the Effective Date of this Agreement and
      will end on the first anniversary
      of the Effective Date or upon earlier termination as provided below (the
      "Term"). This Agreement may be terminated at an earlier time before the first
      anniversary hereof by either party with at least 30 days written notice. The
      Term will be automatically renewed for successive one-year periods, unless
      either party provides written notice at least thirty (30) days before the
      end of the Term that such party does not wish to renew this Agreement. Upon
      a
      termination of this Agreement, the provisions of Sections 5, 6, 7, 9 and 10
      shall survive.

     

    4. Certain
      Other Contracts.

     

    4.1 Consultant
      has disclosed on Exhibit
      A
      hereto
      any agreements with obligations to any third-party to which the Consultant
      is
      bound, either directly or indirectly, that may prevent, prohibit, interfere
      or
      conflict with Consultant performing all of his/her obligations hereunder. During
      the Term, Consultant will not enter into any agreement that would prevent,
      prohibit, interfere or conflict with Consultant performing services hereunder,
      without the prior written consent of the Company’s President.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5. Confidentiality.

     

    5.1 Consultant
      acknowledges that, during the course of performing his services hereunder,
      the
      Company will disclose information to Consultant, and Consultant will be
      developing information related to the Field of Interest, inventions, projects,
      products, potential customers, personnel, business plans, and finances, as
      well
      as other commercially valuable information whether or not related to the Field
      of Interest (collectively "Confidential Information"). Consultant acknowledges
      that the Company's business is extremely competitive, dependent in part upon
      the
      maintenance of secrecy, and that any disclosure of the Confidential Information
      would result in serious irreparable harm to the Company.

     

    5.2 Consultant
      agrees: (i) that the Confidential Information will be used by Consultant only
      in
      connection with consulting activities hereunder, and will not be used in any
      way
      that is detrimental to the Company; and (ii) not to disclose, directly or
      indirectly, the Confidential Information to any third person or entity, other
      than representatives or agents of the Company, and to treat all such information
      as confidential and proprietary property of the Company.

     

    5.3 The
      term
      "Confidential Information" does not include information that: (i) is or
      becomes generally available to the public other than by disclosure in violation
      of this Agreement; (ii) was within the relevant party's possession before
      being furnished to such a party; (iii) becomes available to the relevant
      party on a nonconfidential basis through no wrongful act of Consultant, or
      (iv) was independently developed by the relevant party without reference to
      the information provided by the Consultant.

     

    5.4 Consultant
      may disclose any Confidential Information that is required to be disclosed
      by
      law, government regulation or court order. If such disclosure is required,
      Consultant will give the Company advance notice and cooperate with the Company
      so that the Company may seek a protective order or take other action reasonable
      in light of the circumstances.

     

    5.5 Intellectual
      Property Rights.
      (a) The
      parties intend that the Company shall be the sole and exclusive owner of all
      right, title and interest in and to the any information related to the Field
      of
      Interest, inventions, projects, products, potential customers, personnel,
      business plans, and finances, as well as other commercially valuable information
      learned or developed hereunder (the “Company Property”), including, without
      limitation, any copyrights, patents, trade secrets and other intellectual or
      industrial property rights (collectively “Intellectual Property Rights”) and
      Consultant specifically disclaims any Intellectual Property Rights in or to
      the
      Company Property. If Consultant obtains any ownership or other interest in
      the
      Intellectual Property Rights in the Company Property, Consultant hereby assigns
      and agrees to assign to Company ownership, right, title and interest in all
      Intellectual Property Rights in and to the Company Property and all works of
      authorship, inventions, processes, trade secrets, and all other creations
      conceived or developed, in whole or in part, in developing the Company Property,
      as well as all derivative works thereof made by the Company. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      Consultant agrees to cooperate with the Company or its designee(s), both during
      and after the Term, in the procurement and maintenance of the Company’s
      Intellectual Property Rights in the Company Property and to execute, when
      requested, any other documents deemed necessary by the Company to carry out
      the
      purpose of this Agreement. The Company will provide Consultant with written
      notice of the Company’s request that Consultant execute a document required to
      apply for, prosecute or maintain any Intellectual Property Right with respect
      to
      the Company Property. In the event that within thirty (30) days of such written
      notice the Company is unable for any reason to secure Consultant’s signature to
      any document required to apply for, prosecute or maintain any Intellectual
      Property Rights with respect to the Company Property, Consultant hereby
      irrevocably designates and appoints the Company and its duly authorized officers
      and agents as its agents and attorneys in fact to act for and on its behalf
      and,
      instead of Consultant, to execute and file any such document required to apply
      for, prosecute or maintain any Intellectual Property Right with respect to
      the
      Company Property and to do all other lawfully permitted acts to further the
      application, prosecution and maintenance of such Intellectual Property Rights,
      with the same legal force and effect as if executed by Consultant. This limited
      power of attorney shall be deemed a power coupled with an interest and is
      therefore irrevocable. 

     

    6. No
      Conflict: Valid and Binding.
      Consultant represents that neither the execution of this Agreement nor the
      performance of Consultant's obligations under this Agreement (as modified to
      the
      extent required by Section 4) will result in a violation or breach of any
      other agreement by which Consultant is bound, directly or indirectly. The
      Company represents that this Agreement has been duly authorized and executed
      and
      is a valid and legally binding obligation of the Company.

     

    7. Notices.
      Any
      notice provided under this Agreement shall be in writing and shall be deemed
      to
      have been effectively given: (i) upon receipt when delivered personally or
      via e-mail; (ii) one day after sending when sent by overnight courier
      service (such as Federal Express); or (iii) five days after sending when
      sent by regular mail to the addresses set forth on the signature page to this
      Agreement, or to other such address as may have been designated by the Company
      or Consultant by notice to the other given as provided herein.

     

    8. Independent
      Contractor: Withholding.
      Consultant will at all times be an independent contractor, and as such will
      not
      have
      authority to bind the Company. Consultant will not act as an agent for the
      Company nor will Consultant be deemed to be a Company employee for the purposes
      of any employee benefit program, unemployment benefits, or otherwise. Consultant
      recognizes that no amount will be withheld from his compensation for payment
      of
      any federal, state, or local taxes, if any, and that it is Consultant's sole
      responsibility to file any and all such returns as shall be required by
      applicable laws and regulations. Consultant shall not enter into any agreements
      nor incur any obligations on behalf of the Company.

     

    9. Assignment;
      Severability.
      Due to
      the personal nature of the services to be rendered by Consultant, Consultant
      may
      not assign this Agreement. The Company may assign all rights and liabilities
      under this Agreement to a subsidiary, an affiliate, or to a successor to all
      or
      a substantial part of its business and assets without the consent of Consultant.
      Subject to the foregoing, this Agreement will inure to the benefit of and be
      binding upon each of the heirs, assigns and successors of the respective
      parties. If any provision of this Agreement shall be declared invalid, illegal
      or unenforceable, such provision shall be severed and the remaining provisions
      shall continue in full force and effect.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    10. Governing
      Law; Entire Agreement; Amendment.
      This
      Agreement shall be governed by the laws of the State of New York applicable
      to
      an agreement made and to be performed wholly within the said state. This
      Agreement represents the entire understanding of the parties, supersedes all
      prior agreements between the parties, whether oral or in writing, and may only
      be amended in writing.

     

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

    
       

      
        	 	 	 	 
	MODIGENE INC.	 	 	CONSULTANT
	 	 	 	 
	By:
	 	 	By: 
	
                
                  

                

                Its: 

                
                  

                

              	 	 	
                
                  

                

              
	
                Address:
                  

                
                  

                

                 

                

              	 	 	
                Address:Exhibit
      10.19

    

    Roth
      Capital Partners, LLC

    11100
      Santa Monica Blvd, Ste. 550

    Los
      Angeles, CA 90025

     

    January
      9, 2007 

    

    STRICTLY
      CONFIDENTIAL

    

    Dr.
      Avri
      Havron 

    Chief
      Executive Officer

    Modigene
      Inc.

    8000
      Towers Crescent Drive, Suite 1300 

    Vienna,
      VA 22182

    

    

    Dear
      Dr.
      Havron: 

    

    This
      letter (the “Agreement”)
      amends, restates and supersedes in its entirety a previous letter agreement
      between Modigene Inc. (the “Company”)
      and
      Roth Capital Partners, LLC and Spencer Trask Ventures, Inc. (“Roth and Spencer
      Trask” or “Placement Agents”) dated June 28, 2006 (the “June Agreement”).
      Pursuant to this Agreement, Roth shall serve as non-exclusive placement agent
      and Spencer shall serve as the co-placement agent for the Company, on a “best
      efforts” basis, in connection with the proposed offer and
      private placement (the “Offering”)
      by the
      Company of securities of the Company (the “Securities”).
      It is
      currently contemplated that the Offering will raise up to $15 million and that
      the closing of the Offering will occur simultaneously with a reverse merger
      with
      a publicly-traded company to be determined by the Company (a “Merger”).
      

    

    A. Fees
      and Expenses.

    

    1.
      Advisory
      Fee.
      Concurrently with the closing of the Offering, the Company will pay the
      Placement Agents in the aggregate in cash a fee equal to six percent (6%) of
      the
      gross proceeds received from the sale of securities in
      the
      Offering and
      a
      financial advisory fee equal to two and one-half percent (2.5%) of the gross
      proceeds received from the sale of securities
      in the
      Offering
      to
      investors first introduced to the Company by Placement
      Agents prior to the date hereof (the “Introduced Investors”). 

    

    Upon
      the
      closing of the Offering, and as a condition thereto, the Company will issue
      to
      Roth and Spencer Trask in the aggregate warrants to purchase the securities
      sold
      in the Offering equal to five (5%) of the total shares issued in the Offering
      to
      Introduced Investors. The warrants will have an initial exercise price equal
      to
      the price of the Securities sold in the Offering and will have a term of five
      (5) years from the date of issuance. These Securities underlying such warrants
      will be entitled to the same registration rights as those granted to the
      investors in connection with the Offering. To that end, the Company agrees
      that
      Roth and Spencer Trask will be afforded the indemnification protections granted
      to the investors as part of the agreement governing the registration of the
      investor securities sold in the Offering, as a third party beneficiary to such
      provisions.

    

    Roth
      and
      Spencer Trask agree to divide the cash and non-cash compensation described
      in
      Section A(1) as follows: ninety percent (90%) to Roth and ten percent (10%)
      to
      SpencerTrask on any Introduced Investor introduced by Roth, and ninety percent
      (90%) to SpencerTrask and ten percent (10%) to Roth on any Introduced Investor
      introduced by Spencer Trask. Attached as Exhibit A is a list of Roth’s
      Introduced Investors. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.
      Expenses.
      In
      addition to any fees payable to Roth and Spencer Trask hereunder and regardless
      of whether an Offering is consummated, the Company hereby agrees to reimburse
      Roth and Spencer Trask upon request for their respective out-of-pocket expenses;
      provided that the expenses (excluding Roth’s and Spencer Trask’s legal counsel)
      do not exceed $30,000 in the aggregate without prior written approval from
      the
      Company. To cover expenses, the Company will pay to Roth, on behalf of both
      Roth
      and Spencer Trask, $15,000 upon the signing of this Agreement and $15,000 upon
      the finalization of the Memorandum (as defined below). The Placement Agents
      acknowledge that such $30,000 has already been paid by the Company. Any unused
      amount will be netted against the fee payable in A(1) and in the event this
      Agreement is terminated and no Offering is closed, any unused portion of such
      payment shall be promptly refunded to the Company.

    

    In
      addition to any fees payable to Roth and Spencer Trask hereunder, the Company
      hereby agrees to reimburse Roth and Spencer Trask for its legal counsel’s legal
      fees and out-of-pocket expenses incurred since June 2006 either in connection
      with the June Agreement or this Agreement on the following schedule: (i) Upon
      the signing of the Agreement, the Company will pay $10,000 directly to Roth’s
      and Spencer Trask’s legal counsel. The Placement Agents acknowledge that such
      $10,000 has already been paid by the Company. (ii) Upon the consummation of
      the
      Offering, the Company will reimburse Roth and Spencer Trask for its legal
      counsel’s legal fees and reasonable out-of-pocket expenses. As of the date
      hereof, such legal fees and related expenses are approximately $30,000 in the
      aggregate. (iii) If the transaction is not consummated, the Company will pay
      a
      one-time Break-up fee (the “Break-up” fee) of $40,000 directly to Roth’s and
      Spencer Trask’s legal counsel. Any unused amount in (i) will be netted against
      the reimbursement payable in (ii). No additional out-of-pocket or legal fees
      shall be incurred after December 28, 2006 without prior written consent by
      the
      Company.

    

    

    C. Term
      and Termination of Engagement.
      Except
      as set forth below, the term (the “Term”) of Roth’s and Spencer Trask’s
      engagement will begin on the date hereof and end on the earlier of the
      completion
      of the
      Offering or 15
      days
      after receipt by Roth and Spencer Trask of written notice of termination from
      the Company; provided that (i) no such notice may be given prior to December
      1,
      2006 and (ii) no such notice may be given by the Company for a period of 360
      days from the date of this Agreement if
      the
      Offering is completed by December 1, 2006.
      For
      the
      avoidance of doubt, the Company shall be permitted to give a termination notice
      any time after December 1, 2006 in the event the Offering is not completed
      by
      December 1, 2006. Notwithstanding
      any such expiration or termination, Paragraphs D,
      E and
      G
      through
      K shall survive and remain in full force and effect and be binding on the
      parties hereto.

    

    D. Fee
      Tail. 
      In the
      event that
      the
      Company makes any sales of Securities to Introduced Investors during the period
      between December 1, 2006 and November 30, 2007 (the “Tail Period”), the Company
      shall pay to Roth and Spencer Trask in the aggregate a cash placement fee equal
      to eight and one-half percent (8.5%) of the aggregate cash purchase price of
      such Securities;
      provided that such sale of securities is not an Exempt Sale. In
      the
      case of a merger, acquisition, joint venture or other strategic transaction
      during
      the Tail Period,
      no fee
      shall be paid to Placement Agents with respect to the issuance or sale of
      Securities in connection with such merger, acquisition, joint venture or other
      strategic transaction. For purposes of this Paragraph D, “Exempt Sale” shall
      mean any of the following: (i) the issuance by the Company of non-convertible
      promissory notes, (ii) the issuance of securities by the Company in connection
      with the provision of services to the Company or its affiliates, (iii) the
      issuance of securities by the Company in connection with any license or
      manufacturing agreement, and (iv) the issuance of any securities by the Company
      in connection with any government or foundation grants, loans or other
      financings.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Roth
      and
      Spencer Trask agree to divide the cash and non-cash compensation described
      in
      Section D as follows: ninety percent (90%) to Roth and ten percent (10%) to
      SpencerTrask on any Introduced Investor introduced by Roth, and ninety percent
      (90%) to SpencerTrask and ten percent (10%) to Roth on any Introduced Investor
      introduced by Spencer Trask. 

    

    F. Use
      of
      Information.
      The
      Company authorizes Roth and Spencer Trask to transmit to the prospective
      purchasers of the securities a private placement memorandum prepared by the
      Company with such exhibits and supplements as may from time to time be required
      or appropriate (the “Memorandum”). The Company represents and warrants that the
      Memorandum (i) will be prepared by the management of the Company and reviewed
      and approved by its Board of Directors; and (ii) will not contain any untrue
      statement of a material fact or omit to state a material fact required to be
      stated therein or necessary to make the statements therein or previously made,
      in light of the circumstances under which they were made, not
      misleading;
      provided, however, the foregoing does not apply to any statements or omissions
      made in reliance on and in conformity with written information furnished to
      the
      Company by any other person or entity.
      The
      Company will advise Roth and Spencer Trask immediately of the occurrence of
      any
      event or any other change known to the Company which results in the Memorandum
      containing an untrue statement of a material fact or omitting to state a
      material fact required to be stated therein or necessary to make the statements
      therein or previously made, in light of the circumstances under which they
      were
      made, not misleading. 

    

    G. Indemnification,
      Contribution, and Confidentiality.
      The
      Company agrees to indemnify Roth and Spencer Trask and its controlling persons,
      representatives and agents in accordance with the indemnification provisions
      set
      forth in Appendix I, and the parties agree to the confidentiality provisions
      of
      Appendix II, all of which are incorporated herein by this reference. These
      provisions will apply regardless of whether the proposed Offering is
      completed.

     

    H. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      state of California applicable to contracts executed and to be wholly performed
      therein without giving effect to its conflicts of laws principles or rules.
      The
      Company and Roth and Spencer Trask agree that any dispute concerning this
      Agreement this Agreement shall be resolved through binding arbitration before
      the NASD pursuant to its arbitration rules. Arbitration will be venued in Los
      Angeles County, CA.

    

    I. Announcement
      of Offering.
      If the
      Offering is completed, Roth and Spencer Trask may, at their expense, and subject
      to written consent by the Company, place an announcement in such newspapers
      and
      periodicals as Roth and Spencer Trask may desire.

    

    J. Advice
      to the Board.
      The
      Company acknowledges that any advice given by Roth and Spencer Trask to the
      Company is solely for benefit and use of the Board of Directors of the Company
      and may not be used, reproduced, disseminated, quoted or referred to, without
      Roth’s and Spencer Trask’s prior written consent.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    K. Entire
      Agreement.
      This
      Agreement constitutes the entire Agreement between the parties and supersedes
      and cancels any and all prior or contemporaneous arrangements, understandings
      and agreements, written or oral, between them relating to the subject matter
      hereof.

    .

    

    

    

    

    

    

    

    *The
      Next Page Is the Signature Page.*

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    In
      acknowledgment that the foregoing correctly sets forth the understanding reached
      by Roth and the Company, please sign in the space provided below, whereupon
      this
      letter shall constitute a binding Agreement as of the date indicated
      above.

    

    
      	 	Very
              truly yours,
              

              ROTH
                CAPITAL PARTNERS, LLC

              

              

              By:
                /s/ Christopher D. Jennings

              Mr.
                Christopher D. Jennings

              Managing
                Director

              

              SPENCER
                TRASK VENTURES, INC.

              

              

              By:
                /s/ William P. Dioguardi

              William
                P. Dioguardi

              President

            

    

    
 

    Accepted
      and agreed to

    as
      of the
      date hereof:

    

    MODIGENE
      INC.

    

    By:
      /s/
      Dr. Avri Havron

    Dr.
      Avri Havron 

    Chief
      Executive Officer

    

    
      
         

      

      
        5

        
          

        

      

      
         

    

    APPENDIX
      I

     

    INDEMNIFICATION
      AND CONTRIBUTION

    

    The
      Company agrees to indemnify and hold harmless Roth and Spencer Trask and its
      affiliates (as defined in Rule 405 under the Securities Act of 1933, as amended)
      and their respective directors, officers, employees, agents and controlling
      persons (Roth and Spencer Trask and each such person being an “Indemnified
      Party”) from and against all losses, claims, damages and liabilities (or
      actions, including shareholder actions, in respect thereof), joint or several,
      to which such Indemnified Party may become subject under any applicable federal
      or state law, or otherwise, which are related to or result from the performance
      by Roth and Spencer Trask of the services contemplated by or the engagement
      of
      Roth and Spencer Trask pursuant to, this Agreement and will promptly reimburse
      any Indemnified Party for all reasonable expenses (including reasonable counsel
      fees and expenses) as they are incurred in connection with the investigation
      of,
      preparation for or defense arising from any threatened or pending claim, whether
      or not such Indemnified Party is a party and whether or not such claim, action
      or proceeding is initiated or brought by the Company. The Company will not
      be
      liable to any Indemnified Party under the foregoing indemnification and
      reimbursement provisions, (i) for any settlement by an Indemnified Party
      effected without its prior written consent (not to be unreasonably withheld);
      or
      (ii) to the extent that any loss, claim, damage or liability is found in a
      final, non-appealable judgment by a court of competent jurisdiction to have
      resulted primarily from Roth’s or Spencer Trask’s willful misconduct or gross
      negligence. The Company also agrees that no Indemnified Party shall have any
      liability (whether direct or indirect, in contract or tort or otherwise) to
      the
      Company or its security holders or creditors related to or arising out of the
      engagement of Roth and Spencer Trask pursuant to, or the performance by Roth
      and
      Spencer Trask of the services contemplated by, this Agreement except to the
      extent that any loss, claim, damage or liability is found in a final,
      non-appealable judgment by a court of competent jurisdiction to have resulted
      primarily from Roth’s or Spencer Trask’s willful misconduct or gross
      negligence.

    

    Promptly
      after receipt by an Indemnified Party of notice of any intention or threat
      to
      commence an action, suit or proceeding or notice of the commencement of any
      action, suit or proceeding, such Indemnified Party will, if a claim in respect
      thereof is to be made against the Company pursuant hereto, promptly notify
      the
      Company in writing of the same. In case any such action is brought against
      any
      Indemnified Party and such Indemnified Party notifies the Company of the
      commencement thereof, the Company may elect to assume the defense thereof,
      with
      counsel reasonably satisfactory to such Indemnified Party, and an Indemnified
      Party may employ counsel to participate in the defense of any such action
      provided, that the employment of such counsel shall be at the Indemnified
      Party’s own expense, unless (i) the employment of such counsel has been
      authorized in writing by the Company, (ii) the Indemnified Party has reasonably
      concluded (based upon advice of counsel to the Indemnified Party) that there
      may
      be legal defenses available to it or other Indemnified Parties that are
      different from or in addition to those available to the Company, or that a
      conflict or potential conflict exists (based upon advice of counsel to the
      Indemnified Party) between the Indemnified Party and the Company that makes
      it
      impossible or inadvisable for counsel to the Indemnifying Party to conduct
      the
      defense of both the Company and the Indemnified Party (in which case the Company
      will not have the right to direct the defense of such action on behalf of the
      Indemnified Party), or (iii) the Company has not in fact employed counsel
      reasonably satisfactory to the Indemnified Party to assume the defense of such
      action within a reasonable time after receiving notice of the action, suit
      or
      proceeding, in each of which cases the reasonable fees, disbursements and other
      charges of such counsel will be at the expense of the Company; provided,
      further, that in no event shall the Company be required to pay fees and expenses
      for more than one firm of attorneys representing Indemnified Parties unless
      the
      defense of one Indemnified Party is unique or separate from that of another
      Indemnified Party subject to the same claim or action. Any failure or delay
      by
      an Indemnified Party to give the notice referred to in this paragraph shall
      not
      affect such Indemnified Party’s right to be indemnified hereunder, except to the
      extent that such failure or delay causes actual harm to the Company, or
      prejudices its ability to defend such action, suit or proceeding on behalf
      of
      such Indemnified Party.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    If
      the
      indemnification provided for in this Agreement is for any reason held
      unenforceable by an Indemnified Party, the Company agrees to contribute to
      the
      losses, claims, damages and liabilities for which such indemnification is held
      unenforceable (i) in such proportion as is appropriate to reflect the relative
      benefits to the Company, on the one hand, and Roth and Spencer Trask on the
      other hand, of the Offering as contemplated whether or not the Offering is
      consummated or, (ii) if (but only if) the allocation provided for in clause
      (i)
      is for any reason unenforceable, in such proportion as is appropriate to reflect
      not only the relative benefits referred to in clause (i) but also the relative
      fault of the Company, on the one hand and Roth and Spencer Trask, on the other
      hand, as well as any other relevant equitable considerations. The Company agrees
      that for the purposes of this paragraph the relative benefits to the Company
      and
      Roth and Spencer Trask of the Offering as contemplated shall be deemed to be
      in
      the same proportion that the total value received or contemplated to be received
      by the Company or its shareholders, as the case may be, as a result of or in
      connection with the Offering bear to the fees paid or to be paid to Roth and
      Spencer Trask under this Agreement. Notwithstanding the foregoing, the Company
      expressly agrees that Roth and Spencer Trask shall not be required to contribute
      any amount in excess of the amount by which fees paid Roth and Spencer Trask
      hereunder (excluding reimbursable expenses), exceeds the amount of any damages
      which Roth and Spencer Trask has otherwise been required to pay.

    

    The
      Company agrees that without Roth’s and Spencer Trask’s prior written consent,
      which shall not be unreasonably withheld, it will not settle, compromise or
      consent to the entry of any judgment in any pending or threatened claim, action
      or proceeding in respect of which indemnification could be sought under the
      indemnification provisions of this Agreement (in which Roth and Spencer Trask’s
      or any other Indemnified Party is an actual or potential party to such claim,
      action or proceeding), unless such settlement, compromise or consent includes
      an
      unconditional release of each Indemnified Party from all liability arising
      out
      of such claim, action or proceeding.

    

    In
      the
      event that an Indemnified Party is requested or required to appear as a witness
      in any action brought by or on behalf of or against the Company in which such
      Indemnified Party is not named as a defendant, the Company agrees to promptly
      reimburse Roth and/or Spencer Trask, as applicable, on a monthly basis for
      all
      expenses incurred by it in connection with such Indemnified Party’s appearing
      and preparing to appear as such a witness, including, without limitation, the
      reasonable fees and disbursements of its legal counsel.

     

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

    If
      multiple claims are brought with respect to at least one of which
      indemnification is permitted under applicable law and provided for under this
      Agreement, The Company agrees that any judgment or arbitrate award shall be
      conclusively deemed to be based on claims as to which indemnification is
      permitted and provided for, except to the extent the judgment or arbitrate
      award
      expressly states that it, or any portion thereof, is based solely on a claim
      as
      to which indemnification is not available.

    
      
         

      

      
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    APPENDIX
      II

    

    

    INFORMATION
      TO BE SUPPLIED; CONFIDENTIALITY.

    

    In
      connection with Roth’s and Spencer Trask’s activities on behalf of the Company,
      the Company will furnish Roth and Spencer Trask with all financial and other
      information regarding the Company that Roth and Spencer Trask reasonably
      believes appropriate to its assignment (all such information so furnished by
      the
      Company, whether furnished before or after the date of this Agreement, being
      referred to herein as the “Information”). The Company will provide Roth and
      Spencer Trask with access to the officers, directors, employees, independent
      accountants, legal counsel and other advisors and consultants of the Company.
      The Company recognizes and agrees that Roth and Spencer Trask (i) will use
      and
      rely primarily on the Information and information available from generally
      recognized public sources in performing the services contemplated by this
      Agreement without independently verifying the Information or such other
      information, (ii) does not assume responsibility for the accuracy of the
      Information or such other information, and (iii) will not make an appraisal
      of
      any assets or liabilities owned or controlled by the Company or its market
      competitors.

    

    Roth
      and
      Spencer Trask will maintain the confidentiality of the Information and, unless
      and until such information shall have been made publicly available by the
      Company or by others without breach of a confidentiality agreement, shall
      disclose the Information only as authorized by the Company or as required by
      law
      or by order of a governmental authority or court of competent jurisdiction.
      In
      the event that Roth and Spencer Trask is legally required to make disclosure
      of
      any of the Information, Roth and Spencer Trask will give notice to the Company
      prior to such disclosure, to the extent that Roth and Spencer Trask can
      practically do so.

    

    The
      foregoing paragraph shall not apply to information that:

    

    
      	 	
              (i)

            	
              at
                the time of disclosure by the Company is, or thereafter becomes,
                generally
                available to the public or within the industries in which the Company
                or
                Roth or its affiliates and Spencer Trask or its affiliates conduct
                business, other than as a direct result of a breach by Roth or Spencer
                Trask of its obligations under this
                Agreement;

            

    

    

    
      	 	
              (ii)

            	
              prior
                to or at the time of disclosure by the Company, was already in the
                possession of, or conceived by, Roth or any of its affiliates and
                Spencer
                Trask or any of its affiliates, or could have been developed by them
                from
                information then in their possession, by the application of other
                information or techniques in their possession, generally available
                to the
                public, or available to Roth or its affiliates and Spencer Trask
                or its
                affiliates other than from the
                Company;

            

    

    

    
      	 	
              (iii)

            	
              at
                the time of disclosure by the Company or thereafter, is obtained
                by Roth
                or any of its affiliates and Spencer Trask or any of its affiliates
                from a
                third party who Roth and Spencer Trask reasonably believes to be
                in
                possession of the information not in violation of any contractual,
                legal
                or fiduciary obligation to the Company with respect to that information;
                or

            

    

    

    
      
         

      

      
        A-4

        
          

        

      

      
         

      

    

    
      	 	
              (iv)

            	
              is
                independently developed by Roth or its affiliates and Spencer Trask
                or its
                affiliates.

            

    

    

    Nothing
      in this Agreement shall be construed to limit the ability of Roth or its
      affiliates and Spencer Trask or its affiliates to pursue, investigate, analyze,
      invest in, or engage in investment banking, financial advisory or any other
      business relationship with entities other than the Company, notwithstanding
      that
      such entities may be engaged in a business which is similar to or competitive
      with the business of the Company, and notwithstanding that such entities may
      have actual or potential operations, products, services, plans, ideas, customers
      or supplies similar or identical to the Company’s, or may have been identified
      by the Company as potential merger or acquisition targets or potential
      candidates for some other business combination, cooperation or relationship.
      The
      Company expressly acknowledges and agrees that it does not claim any proprietary
      interest in the identity of any other entity in its industry or otherwise,
      and
      that the identity of any such entity is not confidential
      information.

    

    
      
         

      

      
        A-5

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