Document:

Exhibit 10.4

 

INDEMNIFICATION
AGREEMENT

 

CARILOHA, INC.

 

 This Agreement is made and
entered into as of _________________ between Cariloha, Inc., a Delaware corporation (the “Corporation”), and _______________
as a director of the Corporation (“Director”).

 

recitals:

 

 A.            At
the request of the Corporation, Director will serve as a director of the Corporation. As such, Director may be subjected to claims, suits
or Proceedings (as herein defined).

 

 B.            Director
has indicated that it is a condition of Director’s acceptance and continuing in such service that, among other things, the Corporation
agrees to indemnify Director against liabilities, expenses and costs incurred in connection with any such claims, suits or proceedings,
in accordance with, and to the fullest extent permitted by, the General Corporation Law of the State of Delaware; and

 

 C.            The
Corporation’s Certificate of Incorporation and the General Corporation Law of the State of Delaware contemplate that contracts may
be made between the Corporation and officers or directors with respect to indemnification.

 

agreement:

 

 Now, therefore, in consideration
of Director’s acceptance and continuation of service as a Director, and in consideration of the mutual covenants stated herein,
the parties agree as follows:

 

1.              Definitions.
As used in this Agreement, the following terms have the following meanings:

 

(a)            Act.
The term “Act” means the General Corporation Law of the State of Delaware as it exists on the date of this Agreement and as
it may be hereafter amended from time to time. In the case of any amendment of the General Corporation Law of the State of Delaware after
the date of this Agreement, when used in reference to an act or omission occurring prior to effectiveness of such amendment, the term
 “Act” shall include such amendment only to the extent that the amendment permits the Corporation to provide broader indemnification
rights than the General Corporation Law of the State of Delaware permitted the Corporation to provide at the date of this Agreement and
prior to the amendment.

 

(b)            Proceeding.
The term “Proceeding” means any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative
or investigative, and whether formal or informal.

 

(c)            ERISA.
The term “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 

    1

     

    

 

2.              Agreement
to Indemnify. The Corporation shall indemnify, and keep indemnified, Director in accordance with, and to the fullest extent permitted
or required by, the Act from and against any judgments, penalties, fines (including but not limited to ERISA excise taxes), amounts paid
in settlement and reasonable expenses (including but not limited to expenses of investigation and preparation and fees and disbursements
of Director’s counsel, accountants or other experts) actually incurred by Director in connection with any Proceeding in which Director
was or is made a party or was or is involved (for example, as a witness) because Director is or was a director of the Corporation.

 

3.              Mutual
Acknowledgment. Both the Corporation and Director acknowledge that in certain instances, Federal law or public policy may override
applicable state law and prohibit the Corporation from indemnifying its directors and officers under this Agreement or otherwise. For
example, the Corporation and Director acknowledge that the Securities and Exchange Commission (the "SEC") has taken the position
that indemnification is not permissible for liabilities arising under certain federal securities laws, and federal legislation prohibits
indemnification for certain ERISA violations. Director understands and acknowledges that the Corporation has undertaken or may be required
in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination
of the Corporation's right under public policy to indemnify Director.

 

4.              Partial
Indemnification. If Director is entitled under any provision of this Agreement to indemnification by the Corporation for some or a
portion of the expenses or other indemnifiable amounts in respect of a Proceeding but not, however, for all of the total amount thereof,
the Corporation shall nevertheless indemnify Director for the portion thereof to which Director is entitled. Moreover, notwithstanding
any other provision of this Agreement, to the extent that Director has been successful on the merits or otherwise in defense of any or
all Proceedings relating in whole or in part to an indemnifiable event or in defense of any issue or matter therein, including dismissal
without prejudice, Director shall be indemnified against all expenses incurred in connection therewith. Attorneys' fees and expenses shall
not be prorated but shall be deemed to apply to the portion of indemnification to which Director is entitled.

 

5.              Insurance.
So long as Director may be subject to any possible Proceeding by reason of the fact that Director is or was a director of the Corporation,
to the extent the Corporation maintains an insurance policy or policies providing directors’ and officers’ liability insurance,
Director shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage applicable
to any then current director of the Corporation.

 

6.              Advances.
In the event of any Proceeding in which Director is a party or is involved and which may give rise to a right of indemnification from
the Corporation pursuant to this Agreement, following written request to the Corporation by Director, the Corporation shall pay to Director,
in accordance with and to the fullest extent permitted or required by the Act, amounts to cover reasonable expenses incurred by Director
in such Proceeding in advance of its final disposition upon receipt of (a) a written affirmation by Director of Director’s
good faith belief that Director has met any applicable standard of conduct; (b) a written undertaking executed by or on behalf of
Director to repay the advance if it shall ultimately be determined that Director did not meet such standard of conduct; and (c) satisfactory
evidence as to the amount of such expenses.

 

    2

     

    

 

7.              Burden
of Proof. If under applicable law, the entitlement of Director to be indemnified or advanced expenses hereunder depends upon whether
a standard of conduct has been met, the burden of proof of establishing that Director did not act in accordance with such standard shall
rest with the Corporation. Director shall be presumed to have acted in accordance with such standard and to be entitled to indemnification
or the advancement of expenses (as the case may be) unless, based upon a preponderance of the evidence, it shall be determined that Director
has not met such standard. Such determination and any evaluation as to the reasonableness of amounts claimed by Director shall be made
by the Board of Directors of the Corporation or such other body or persons as may be permitted by the Act. For purposes of this Agreement,
unless otherwise expressly stated, the termination of any Proceeding by judgment, order, settlement (whether with or without court approval)
or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Director did not meet any particular
standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

 

8.              Notice
to the Corporation. Director shall notify the Secretary of the Corporation in writing of any matter for which Director intends to
seek indemnification hereunder as soon as reasonably practicable following the receipt by Director of written notice thereof; provided,
however, that delay in so notifying the Corporation shall not constitute a waiver or release by Director of rights hereunder.

 

9.              Address
for Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained
in a written document delivered in person or sent by facsimile or other electronic transmission (e.g. .pdf file), nationally recognized
overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter
be designated on the signature pages of this Agreement or in writing by such party to the other parties:

 

(a)           If
to the Corporation:

 

Cariloha, Inc.

280 West 10200 South

Sandy, Utah 84070

Email:
__________________________

Attn:
___________________________

 

(b)           If
to the Director, to the address set forth on the signature page hereto.

 

All such notices, requests, consents and other
communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the
above addresses or sent by electronic transmission, with confirmation received, to the email addresses specified above (or at such other
mailing address or email address for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other
party hereto shall also be delivered to each other party hereto simultaneously with delivery to the first party receiving such notice.

 

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10.            Counsel
for Proceeding. In the event of any Proceeding in which Director is a party or is involved and which may give rise to a right of indemnification
hereunder, the Corporation shall have the right to retain counsel reasonably satisfactory to Director to represent Director and any others
the Corporation may designate in such Proceeding. In any such Proceeding, Director shall have the right to retain Director’s own
counsel, but the fees and expenses of such counsel shall be at the expense of Director unless (a) the retention of such counsel has
been specifically authorized by the Corporation; (b) representation of Director and another party by the same counsel would be inappropriate,
in the reasonable judgment of Director, due to actual or potential differing interests between them (as might be the case for representation
of both the Corporation and Director in a Proceeding by or in the right of the Corporation); (c) the counsel retained by the Corporation
and satisfactory to Director has advised Director, in writing, that such counsel’s representation of Director would be likely to
involve such counsel in representing differing interests which could adversely affect either the judgment or loyalty of such counsel to
Director, whether it be a conflicting, inconsistent, diverse or other interest; or (d) the Corporation shall fail to retain counsel
for Director in such Proceeding. Notwithstanding the foregoing, if an insurance carrier has supplied directors’ and officers’
liability insurance covering a Proceeding and is entitled to retain counsel for the defense of such Proceeding, then the insurance carrier
shall retain counsel to conduct the defense of such Proceeding unless Director and the Corporation concur in writing that the insurance
carrier’s doing so is undesirable. The Corporation shall not be liable under this Agreement for any settlement of any Proceeding
effected without its written consent. The Corporation shall not settle any Proceeding in any manner which would impose any penalty or
limitation on Director without Director’s written consent. Consent to a proposed settlement of any Proceeding shall not be unreasonably
withheld by either the Corporation or Director.

 

11.            Enforcement.
The Corporation acknowledges that Director is relying upon this Agreement in serving as a director of the Corporation. If a claim for
indemnification or advancement of expenses is not paid in full by the Corporation within ninety (90) days after a written claim has been
received from Director by the Corporation, Director may at any time bring suit against the Corporation to recover the unpaid amount of
the claim. If successful in whole or in part in such suit, Director shall also be entitled to be paid all reasonable fees and expenses
(including without limitation fees of counsel) in bringing and prosecuting such claim. Whether or not Director has met any applicable
standard of conduct, the Court in such suit may order indemnification or the advancement of expenses as the Court deems proper (subject
to any express limitation of the Act). Further, the Corporation shall indemnify Director from and against any and all expenses (including
attorneys’ fees) and, if requested by Director, shall (within ten business days of such request) advance such expenses to Director,
which are incurred by Director in connection with any claim asserted against or suit brought by Director for recovery under any directors’
and officers’ liability insurance policies maintained by the Corporation, regardless of whether Director is unsuccessful in whole
or in part in such claim or suit.

 

12.            Proceedings
by Director. The Corporation shall indemnify Director and advance expenses to Director in connection with any Proceeding (or part
thereof) initiated by Director only if such Proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.

 

13.            Nonexclusivity.
The rights of Director for indemnification and advancement of expenses under this Agreement shall not be deemed exclusive of, or in limitation
of, any rights to which Director may be entitled under Delaware law, the Corporation’s Certificate of Incorporation or Bylaws, vote
of stockholders or otherwise.

 

    4

     

    

 

14.            Security.
To the extent requested by Director and approved by the Board of Directors of the Corporation, the Corporation may at any time and from
time to time provide security to Director for the obligations of the Corporation hereunder through an irrevocable bank line of credit,
funded trust or other collateral or by other means. Any such security, once provided to Director, may not be revoked or released without
the prior written consent of such Director. A Director’s consent to revoke or release such security shall not be unreasonably withheld.

 

15.            Miscellaneous.

 

(a)           Effectiveness.
This Agreement is effective for, and shall apply to, (i) any claim which is asserted or threatened before, on or after the date
of this Agreement but for which no action, suit or Proceeding has actually been brought prior to the date of this Agreement and (ii) any
action, suit or Proceeding which is threatened before, on or after the date of this Agreement but which is not pending prior to the date
of this Agreement. Thus, this Agreement shall not apply to any action, suit or Proceeding which has actually been brought before the
date of this Agreement. So long as the foregoing standard of effectiveness has been satisfied, this Agreement shall be effective for
and shall be applied to acts or omissions prior to, on or after the date of this Agreement.

 

(b)           Survival;
Continuation. The rights of Director hereunder shall inure to the benefit of the Director (even after Director ceases to be a director),
Director’s personal representative, heirs, executors, administrators and beneficiaries; and this Agreement shall be binding upon
the Corporation, its successors and assigns. The rights of Director under this Agreement shall continue so long as Director may be subject
to any possible Proceeding because of the fact that Director was a director of the Corporation. If the Corporation sells, leases, exchanges
or otherwise disposes of, in a single transaction or series of related transactions, all or substantially all of its property and assets,
the Corporation shall, as a condition precedent to such transaction, cause effective provision to be made so that the person or entity
acquiring such property and assets shall become bound by and replace the Corporation under this Agreement.

 

(c)           Governing
Law. This Agreement shall be governed by the laws of the State of Delaware.

 

(d)           Severability.
If any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such provision shall be deemed
amended to accomplish the objectives of the provision as originally written to the fullest extent permitted by law and all other provisions
shall remain in full force and effect.

 

(e)           Amendments;
Waiver. No amendment, termination or cancellation of this Agreement shall be effective unless in writing signed by the Corporation
and Director. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
in this Agreement (whether or not similar) nor shall such waiver constitute a continuing waiver, unless expressly agreed in writing signed
by the Corporation and Director.

 

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(f)            Other
Payments. The Corporation shall not be liable under this Agreement to make any payment in connection with any Proceeding against or
involving Director to the extent Director has otherwise actually received payment (under any insurance policy, Bylaw or otherwise) of
the amounts otherwise indemnifiable hereunder. Director shall repay to the Corporation the amount of any payment the Corporation makes
to Director under this Agreement in connection with any Proceeding against or involving Director, to the extent Director has otherwise
actually received payment (under any insurance policy, Bylaw or otherwise) of such amount.

 

(g)           Subrogation.
In the event of payment under this Agreement the Corporation shall be subrogated to the extent of such payment to all of the rights of
recovery of Director, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including
the execution of such documents necessary to enable the Corporation effectively to bring suit to enforce such rights.

 

(h)           Headings.
The headings in this Agreement are for convenience only and are not to be considered in construing this Agreement.

 

(i)            Counterparts.
This Agreement may be executed in counterparts, both of which shall be deemed an original, and together shall constitute one document.

 

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

 

(Signature Page Follows)

 

    6

     

    

 

The parties have executed this Agreement as of
the day and year first above stated.

 

	Corporation:	 	Director:
	 	 	 
	CARILOHA, INC.	 	 
	 	 	 
	 	 	 
	By: _____________________________________________________	 	
    ______________________________________

     ______________________________________

    Address for Notice:

    ___________________________________
    ___________________________________ Email:_____________________________

 

[Signature Page to Cariloha, Inc. Indemnification
Agreement (Director)]Exhibit 10.5

 

INDEMNIFICATION
AGREEMENT

 

CARILOHA, INC.

 

This Agreement is made and
entered into as of _________________ between Cariloha, Inc., a Delaware corporation (the “Corporation”), and _______________
as an officer of the Corporation (“Officer”).

 

recitals:

 

A.            At
the request of the Corporation, Officer will serve as an officer of the Corporation. As such, Officer may be subjected to claims, suits
or Proceedings (as herein defined).

 

B.            Officer
has indicated that it is a condition of Officer’s acceptance and continuing in such service that, among other things, the Corporation
agrees to indemnify Officer against liabilities, expenses and costs incurred in connection with any such claims, suits or proceedings,
in accordance with, and to the fullest extent permitted by, the General Corporation Law of the State of Delaware; and

 

C.            The
Corporation’s Certificate of Incorporation and the General Corporation Law of the State of Delaware contemplate that contracts may
be made between the Corporation and officers or directors with respect to indemnification.

 

agreement:

 

Now, therefore, in consideration
of Officer’s acceptance and continuation of service as an Officer, and in consideration of the mutual covenants stated herein, the
parties agree as follows:

 

1.            Definitions.
As used in this Agreement, the following terms have the following meanings:

 

(a)            Act.
The term “Act” means the General Corporation Law of the State of Delaware as it exists on the date of this Agreement and as
it may be hereafter amended from time to time. In the case of any amendment of the General Corporation Law of the State of Delaware after
the date of this Agreement, when used in reference to an act or omission occurring prior to effectiveness of such amendment, the term
 “Act” shall include such amendment only to the extent that the amendment permits the Corporation to provide broader indemnification
rights than the General Corporation Law of the State of Delaware permitted the Corporation to provide at the date of this Agreement and
prior to the amendment.

 

(b)            Proceeding.
The term “Proceeding” means any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative
or investigative, and whether formal or informal.

 

(c)            ERISA.
The term “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 

    1

     

    

 

2.            Agreement
to Indemnify. The Corporation shall indemnify, and keep indemnified, Officer in accordance with, and to the fullest extent permitted
or required by, the Act from and against any judgments, penalties, fines (including but not limited to ERISA excise taxes), amounts paid
in settlement and reasonable expenses (including but not limited to expenses of investigation and preparation and fees and disbursements
of Officer’s counsel, accountants or other experts) actually incurred by Officer in connection with any Proceeding in which Officer
was or is made a party or was or is involved (for example, as a witness) because Officer is or was an officer of the Corporation.

 

3.            Mutual
Acknowledgment. Both the Corporation and Officer acknowledge that in certain instances, Federal law or public policy may override
applicable state law and prohibit the Corporation from indemnifying its directors and officers under this Agreement or otherwise. For
example, the Corporation and Officer acknowledge that the Securities and Exchange Commission (the "SEC") has taken the position
that indemnification is not permissible for liabilities arising under certain federal securities laws, and federal legislation prohibits
indemnification for certain ERISA violations. Officer understands and acknowledges that the Corporation has undertaken or may be required
in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination
of the Corporation's right under public policy to indemnify Officer.

 

4.            Partial
Indemnification. If Officer is entitled under any provision of this Agreement to indemnification by the Corporation for some or a
portion of the expenses or other indemnifiable amounts in respect of a Proceeding but not, however, for all of the total amount thereof,
the Corporation shall nevertheless indemnify Officer for the portion thereof to which Officer is entitled. Moreover, notwithstanding any
other provision of this Agreement, to the extent that Officer has been successful on the merits or otherwise in defense of any or all
Proceedings relating in whole or in part to an indemnifiable event or in defense of any issue or matter therein, including dismissal without
prejudice, Officer shall be indemnified against all expenses incurred in connection therewith. Attorneys' fees and expenses shall not
be prorated but shall be deemed to apply to the portion of indemnification to which Officer is entitled.

 

5.            Insurance.
So long as Officer may be subject to any possible Proceeding by reason of the fact that Officer is or was an officer of the Corporation,
to the extent the Corporation maintains an insurance policy or policies providing directors’ and officers’ liability insurance,
Officer shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage applicable
to any then current officer of the Corporation.

 

6.            Advances.
In the event of any Proceeding in which Officer is a party or is involved and which may give rise to a right of indemnification from the
Corporation pursuant to this Agreement, following written request to the Corporation by Officer, the Corporation shall pay to Officer,
in accordance with and to the fullest extent permitted or required by the Act, amounts to cover reasonable expenses incurred by Officer
in such Proceeding in advance of its final disposition upon receipt of (a) a written affirmation by Officer of Officer’s good
faith belief that Officer has met any applicable standard of conduct; (b) a written undertaking executed by or on behalf of Officer
to repay the advance if it shall ultimately be determined that Officer did not meet such standard of conduct; and (c) satisfactory
evidence as to the amount of such expenses.

 

    2

     

    

 

7.            Burden
of Proof. If under applicable law, the entitlement of Officer to be indemnified or advanced expenses hereunder depends upon whether
a standard of conduct has been met, the burden of proof of establishing that Officer did not act in accordance with such standard shall
rest with the Corporation. Officer shall be presumed to have acted in accordance with such standard and to be entitled to indemnification
or the advancement of expenses (as the case may be) unless, based upon a preponderance of the evidence, it shall be determined that Officer
has not met such standard. Such determination and any evaluation as to the reasonableness of amounts claimed by Officer shall be made
by the Board of Directors of the Corporation or such other body or persons as may be permitted by the Act. For purposes of this Agreement,
unless otherwise expressly stated, the termination of any Proceeding by judgment, order, settlement (whether with or without court approval)
or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Officer did not meet any particular
standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

 

8.            Notice
to the Corporation. Officer shall notify the Secretary of the Corporation in writing of any matter for which Officer intends to seek
indemnification hereunder as soon as reasonably practicable following the receipt by Officer of written notice thereof; provided,
however, that delay in so notifying the Corporation shall not constitute a waiver or release by Officer of rights hereunder.

 

9.            Address
for Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained
in a written document delivered in person or sent by facsimile or other electronic transmission (e.g. .pdf file), nationally recognized
overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter
be designated on the signature pages of this Agreement or in writing by such party to the other parties:

 

(a)            If
to the Corporation:

 

Cariloha, Inc.

280 West 10200 South

Sandy, Utah 84070

Email: __________________________

Attn: __________________________

 

(b)            If
to the Officer, to the address set forth on the signature page hereto.

 

All such notices, requests, consents and other
communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the
above addresses or sent by electronic transmission, with confirmation received, to the email addresses specified above (or at such other
mailing address or email address for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other
party hereto shall also be delivered to each other party hereto simultaneously with delivery to the first party receiving such notice.

 

    3

     

    

 

10.            Counsel
for Proceeding. In the event of any Proceeding in which Officer is a party or is involved and which may give rise to a right of indemnification
hereunder, the Corporation shall have the right to retain counsel reasonably satisfactory to Officer to represent Officer and any others
the Corporation may designate in such Proceeding. In any such Proceeding, Officer shall have the right to retain Officer’s own counsel,
but the fees and expenses of such counsel shall be at the expense of Officer unless (a) the retention of such counsel has been specifically
authorized by the Corporation; (b) representation of Officer and another party by the same counsel would be inappropriate, in the
reasonable judgment of Officer, due to actual or potential differing interests between them (as might be the case for representation of
both the Corporation and Officer in a Proceeding by or in the right of the Corporation); (c) the counsel retained by the Corporation
and satisfactory to Officer has advised Officer, in writing, that such counsel’s representation of Officer would be likely to involve
such counsel in representing differing interests which could adversely affect either the judgment or loyalty of such counsel to Officer,
whether it be a conflicting, inconsistent, diverse or other interest; or (d) the Corporation shall fail to retain counsel for Officer
in such Proceeding. Notwithstanding the foregoing, if an insurance carrier has supplied directors’ and officers’ liability
insurance covering a Proceeding and is entitled to retain counsel for the defense of such Proceeding, then the insurance carrier shall
retain counsel to conduct the defense of such Proceeding unless Officer and the Corporation concur in writing that the insurance carrier’s
doing so is undesirable. The Corporation shall not be liable under this Agreement for any settlement of any Proceeding effected without
its written consent. The Corporation shall not settle any Proceeding in any manner which would impose any penalty or limitation on Officer
without Officer’s written consent. Consent to a proposed settlement of any Proceeding shall not be unreasonably withheld by either
the Corporation or Officer.

 

11.            Enforcement.
The Corporation acknowledges that Officer is relying upon this Agreement in serving as an officer of the Corporation. If a claim for indemnification
or advancement of expenses is not paid in full by the Corporation within ninety (90) days after a written claim has been received from
Officer by the Corporation, Officer may at any time bring suit against the Corporation to recover the unpaid amount of the claim. If successful
in whole or in part in such suit, Officer shall also be entitled to be paid all reasonable fees and expenses (including without limitation
fees of counsel) in bringing and prosecuting such claim. Whether or not Officer has met any applicable standard of conduct, the Court
in such suit may order indemnification or the advancement of expenses as the Court deems proper (subject to any express limitation of
the Act). Further, the Corporation shall indemnify Officer from and against any and all expenses (including attorneys’ fees) and,
if requested by Officer, shall (within ten business days of such request) advance such expenses to Officer, which are incurred by Officer
in connection with any claim asserted against or suit brought by Officer for recovery under any directors’ and officers’ liability
insurance policies maintained by the Corporation, regardless of whether Officer is unsuccessful in whole or in part in such claim or suit.

 

12.            Proceedings
by Officer. The Corporation shall indemnify Officer and advance expenses to Officer in connection with any Proceeding (or part thereof)
initiated by Officer only if such Proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.

 

13.            Nonexclusivity.
The rights of Officer for indemnification and advancement of expenses under this Agreement shall not be deemed exclusive of, or in limitation
of, any rights to which Officer may be entitled under Delaware law, the Corporation’s Certificate of Incorporation or Bylaws, vote
of stockholders or otherwise.

 

    4

     

    

 

14.            Security.
To the extent requested by Officer and approved by the Board of Directors of the Corporation, the Corporation may at any time and from
time to time provide security to Officer for the obligations of the Corporation hereunder through an irrevocable bank line of credit,
funded trust or other collateral or by other means. Any such security, once provided to Officer, may not be revoked or released without
the prior written consent of such Officer. An Officer’s consent to revoke or release such security shall not be unreasonably withheld.

 

15.            Miscellaneous.

 

(a)           Effectiveness.
This Agreement is effective for, and shall apply to, (i) any claim which is asserted or threatened before, on or after the date
of this Agreement but for which no action, suit or Proceeding has actually been brought prior to the date of this Agreement and (ii) any
action, suit or Proceeding which is threatened before, on or after the date of this Agreement but which is not pending prior to the date
of this Agreement. Thus, this Agreement shall not apply to any action, suit or Proceeding which has actually been brought before the
date of this Agreement. So long as the foregoing standard of effectiveness has been satisfied, this Agreement shall be effective for
and shall be applied to acts or omissions prior to, on or after the date of this Agreement.

 

(b)          Survival;
Continuation. The rights of Officer hereunder shall inure to the benefit of the Officer (even after Officer ceases to be an officer),
Officer’s personal representative, heirs, executors, administrators and beneficiaries; and this Agreement shall be binding upon
the Corporation, its successors and assigns. The rights of Officer under this Agreement shall continue so long as Officer may be subject
to any possible Proceeding because of the fact that Officer was an officer of the Corporation. If the Corporation sells, leases, exchanges
or otherwise disposes of, in a single transaction or series of related transactions, all or substantially all of its property and assets,
the Corporation shall, as a condition precedent to such transaction, cause effective provision to be made so that the person or entity
acquiring such property and assets shall become bound by and replace the Corporation under this Agreement.

 

(c)          Governing
Law. This Agreement shall be governed by the laws of the State of Delaware.

 

(d)          Severability.
If any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such provision shall be deemed
amended to accomplish the objectives of the provision as originally written to the fullest extent permitted by law and all other provisions
shall remain in full force and effect.

 

(e)           Amendments;
Waiver. No amendment, termination or cancellation of this Agreement shall be effective unless in writing signed by the Corporation
and Officer. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
in this Agreement (whether or not similar) nor shall such waiver constitute a continuing waiver, unless expressly agreed in writing signed
by the Corporation and Officer.

 

    5

     

    

 

(f)            Other
Payments. The Corporation shall not be liable under this Agreement to make any payment in connection with any Proceeding against or
involving Officer to the extent Officer has otherwise actually received payment (under any insurance policy, Bylaw or otherwise) of the
amounts otherwise indemnifiable hereunder. Officer shall repay to the Corporation the amount of any payment the Corporation makes to Officer
under this Agreement in connection with any Proceeding against or involving Officer, to the extent Officer has otherwise actually received
payment (under any insurance policy, Bylaw or otherwise) of such amount.

 

(g)           Subrogation.
In the event of payment under this Agreement the Corporation shall be subrogated to the extent of such payment to all of the rights of
recovery of Officer, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including
the execution of such documents necessary to enable the Corporation effectively to bring suit to enforce such rights.

 

(h)           Headings.
The headings in this Agreement are for convenience only and are not to be considered in construing this Agreement.

 

(i)            Counterparts.
This Agreement may be executed in counterparts, both of which shall be deemed an original, and together shall constitute one document.

 

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

 

(Signature Page Follows)

 

    6

     

    

 

The parties have executed this Agreement as of
the day and year first above stated.

 

	Corporation:	 	Officer:

		 	 
	CARILOHA, INC.	 	 
	 	 	 
	By: _____________________________________________________	 	
    ______________________________________

    

    ______________________________________

    Address for Notice:

    ___________________________________
    ___________________________________ Email:_____________________________

 

[Signature Page to Cariloha, Inc. Indemnification
Agreement (Officer)]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]