Document:

Exhibit
                                         10.7

EXECUTION
  VERSION

INVESTOR
RIGHTS AGREEMENT

		THIS
  INVESTOR RIGHTS AGREEMENT (this “Agreement”)
  is made and entered into as of October 30, 2020 (the “Effective Time”),
  by and among SOC Telemed, Inc. (f/k/a Healthcare Merger Corp.), a Delaware corporation (the “Company”),
  and SOC Holdings LLC, a Delaware limited liability company (the “Stockholder”).
  Capitalized terms used but not otherwise defined in this Agreement have the respective meanings given to them in the Merger
  Agreement (as defined below).

		WHEREAS,
  the Company and certain of its affiliates have consummated the business combination and the other transactions (collectively,
  the “Transactions”)
  contemplated by the Agreement and Plan of Merger, dated as of July 28, 2020, by and among the Company, Sabre Merger Sub I, Inc.,
  a Delaware corporation, Sabre Merger Sub II, LLC, a Delaware limited liability company, and Specialists On Call, Inc., a Delaware
  corporation (“Sabre”);

		WHEREAS,
  in its capacity as the holder of a majority of the outstanding equity interests of Sabre prior to the consummation of the Transactions,
  the Stockholder desires that, after giving effect to the Transactions, it will have representation on the board of directors
  of the Company (the “Board”)
  so as to continue to create value for its direct and indirect equityholders and for the other direct and indirect equityholders
  of the Company; and

		WHEREAS,
  in furtherance of the foregoing, the Stockholder desires to have certain director nomination rights with respect to the Company,
  and the Company desires to provide the Stockholder with such rights, in each case, on the terms and conditions set forth herein.

		NOW,
  THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt
  and sufficient of which are hereby acknowledged, each of the parties to this Agreement agrees as follows:

		Article I
NOMINATION
  RIGHT

		Section 1.1
  Board Nomination Right.

		(a)
  From the Effective Time until the termination of this Agreement in accordance with Section 2.1,
  at every meeting of the Board, or a committee thereof, or action by written consent, at or by which directors of the Company
  are appointed by the Board or are nominated to stand for election and elected by stockholders of the Company:

		(i)
  For so long as the Stockholder holds at least fifty percent (50%) of the issued and outstanding shares of Parent Class A
  Common Stock, the Stockholder shall have the right to designate for election to the Board up to five (5) individuals
  to serve as directors of the Company (any individual designated by the Stockholder for election to the Board pursuant to this
  Section 1.1(a),
  a “Designee”
  and, collectively, the “Designees”)
  that, if elected, will result in five (5) Designees serving on the Board; provided that in such event, the size of the
  Board in accordance with Section 1(d) shall
  be nine (9) directors.

		(ii) For
  so long as the Stockholder holds at least thirty five percent (35%) but less than fifty percent (50%) of the issued and outstanding
  shares of Parent Class A Common Stock, the Stockholder shall have the right to designate for election to the Board up
  to three (3) Designees that, if elected, will result in three (3) Designees serving on the Board; provided that
  in such event, the size of the Board in accordance with Section 1(d)
  shall be nine (9) directors.

		(iii) For
  so long as the Stockholder holds at least fifteen percent (15%) but less than thirty five percent (35%) of the issued and outstanding
  shares of Parent Class A Common Stock, the Stockholder shall have the right to designate for election to the Board up
  to two (2) Designees that, if elected, will result in two (2) Designees serving on the Board provided that in
  such event, the size of the Board in accordance with Section 1(d) shall
  be seven (7) directors.

		

 

     

     

    

(iv) For so long as the Stockholder holds at least five percent (5%) but less than fifteen percent (15%) of the issued and outstanding shares of Parent Class A Common Stock, the Stockholder shall have the right to designate for election to the Board up to one (1) Designee that, if elected, will result in one (1) Designee serving on the Board; provided that in such event, the size of the Board in accordance with Section 1(d) shall be seven (7) directors.

		(b) From and after the Effective Time, the Company shall, as promptly as practicable, take all actions necessary (including, without limitation, calling special meetings of the Board and the stockholders of the Company and recommending, supporting and soliciting proxies) to ensure that: (i) the applicable Designees are included in the Board’s slate of nominees to the stockholders of the Company and recommended by the Board at any meeting of stockholders called for the purpose of electing directors, in each case, to the extent necessary such that the number of Designees that the Stockholder is eligible to designate shall be designated;  and (ii) each applicable Designee up for election in accordance with the foregoing is included in the proxy statement prepared by management of the Company in connection with the Company’s solicitation of proxies or consents in favor of the foregoing for every meeting of the stockholders of the Company called with respect to the election of directors, and at every adjournment or postponement thereof, and on every action or approval by written resolution of the stockholders of the Company or the Board with respect to the election of directors. The Company shall use no less efforts to cause the election of each Designee that is proposed to serve on the Board by the Stockholder than the Company shall use with respect to each other nominee up for election.

		(c) If any Designee ceases to serve for any reason (including because of the death, disability, disqualification, resignation, or removal of such Designee), the Stockholder shall, subject to the Stockholder then being entitled to designate such individual for election or appointment as a director pursuant to Section 1.1(a), be entitled to designate such person’s successor in accordance with this Agreement and the Board shall promptly fill the vacancy with such successor Designee.

		(d) The Company shall take all necessary and desirable actions within its control such that, as of the Effective Time and thereafter from time to time, the size of the Board is set at either seven (7) directors or nine (9) directors, as applicable in accordance with Section 1(a), and sufficient existing directors from time to time resign or are removed from the Board such that the Board positions designated for the Designees are vacant immediately prior to the nomination and appointment of the Designees provided for herein; provided that the Board may after the Effective Time take action (in accordance with the Company’s Amended and Restated Certificate of Incorporation and bylaws in effect at such time) to increase the size of the Board so long as the Stockholder approves such action. For the avoidance of doubt, in the event that the Stockholder shall forfeit the right pursuant to Section 1(a) to designate one (1) or more Designees (but continues thereafter to retain the right pursuant to Section 1(a) to designate one (1) or more other Designees), the Stockholder shall have the right to elect which of its Designees is required to resign or otherwise be removed from the Board.

		(e) Notwithstanding any of this Section 1.1 to the contrary, the election or appointment of any Designee to the Board shall be subject to the prior execution by such Designee of an irrevocable resignation letter in the form attached hereto as Exhibit A.

		(f) The Company shall indemnify the Designees on the same basis as all other members of the Board and pursuant to indemnity agreements with terms that are no less favorable to the Designees than the indemnity agreements entered into between the Company and its other non-employee directors.

		(g) Notwithstanding the provisions of this Section 1.1, the Stockholder shall not be entitled to designate a Person as a nominee to the Board upon a written determination by the Nominating and Corporate Governance Committee of the Company (which determination shall set forth in writing reasonable grounds for the determination) that the Person would not be qualified under any applicable law, rule or regulation to serve as a director of the Company, in each case solely to the extent such determination is based upon any of the following: (i) such Person was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (ii) such Person was the subject of any Order not subsequently reversed, suspended or vacated of any court of competent jurisdiction, permanently or temporarily enjoining such proposed director from, or otherwise limiting, the following activities: (A) engaging in any type of business practice, or (B) engaging in any activity in connection with the purchase or sale of any security or in connection with any violation of federal or state securities Laws; (iii) such Person was the subject of any Order not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than sixty (60) days the right of such person to engage in any activity described in clause (ii)(B), or to be associated with Persons engaged in such activity; (4) such 

		

 

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Person was found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities Law, and the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended or vacated; or (v) such Designee was the subject of, or a party to any federal or state judicial or administrative Order not subsequently reversed, suspended or vacated, relating to a violation of any federal or state securities Law.

		(h) In such an event set forth in Section 1.1(g), the Stockholder shall be entitled to select a Person as a replacement Designee and the Company shall use such efforts as set forth in Section 1.1(b) to cause that Person to be nominated as a Designee at the same meeting as the initial Person was to be nominated.

		(i)
  For the avoidance of doubt, Thomas J. Carella, who is currently serving as a Class III Director (as defined in the
  Company’s Second Amended and Restated Certificate of Incorporation (the “Company
  Charter”)), and Amr Kronfol, who is currently serving as a Class III Director (as defined in the Company
  Charter), shall constitute Designees of the Stockholder for so long as each shall serve as directors of the Company in
  accordance with, and subject to, the rights of the Stockholder under this Agreement.

		(j) For so long as any Designee serves as a director on the Board, the Company (i) shall provide such Designee with the same expense reimbursement, benefits, indemnity, exculpation and other arrangements provided to the other directors on the Board and (ii) shall not amend, alter or repeal any right to indemnification or exculpation covering or benefiting any Designee as and to the extent consistent with applicable Law, including but not limited to any rights contained in the governing documents of the Company (except to the extent such amendment or alteration permits the Company to provide broader indemnification or exculpation rights on a retroactive basis than permitted prior thereto).

		(k) The Company shall (i) purchase directors’ and officers’ liability insurance in an amount determined by the Board to be reasonable and customary and (ii) for so long as any Designee serves as a director on the Board, maintain such directors’ and officers’ liability insurance coverage with respect to such Designee; provided, that upon removal or resignation of such Designee for any reason, the Company shall take all actions reasonably necessary to extend such directors’ and officers’ liability insurance coverage with respect to such Designee for a period of not less than six (6) years from any such event in respect of any act or omission of such Designee occurring at or prior to such event.

		Article II
MISCELLANEOUS

		Section 2.1 Termination. This Agreement shall terminate automatically and become void and of no further force or effect, without any notice or other action by any Person, at such time as the Stockholder ceases to beneficially own at least five percent (5%) of the issued and outstanding shares of Parent Class A Common Stock.

		Section 2.2 Notices. All notices, requests and other communications to either party hereunder shall be in writing (including electronic transmission) and shall be given in accordance with the provisions of the Support Agreement.

		Section 2.3 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other terms, conditions and provisions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the fullest extent possible.

		Section 2.4 Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned, directly or indirectly, including by operation of law, by any party hereto without the prior written consent of the other party hereto.

		Section 2.5 No Third Party Beneficiaries. This Agreement is exclusively for the benefit of the parties hereto, and their respective successors and permitted assigns, and this Agreement shall not be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action or other right by virtue of any applicable law in any jurisdiction to enforce any of the terms to this Agreement.

		

 

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Section 2.6 Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter of this Agreement and supersede all other prior agreements and understandings, both written and oral, between the parties hereto with respect to the subject matter of this Agreement. Each party hereto acknowledges and agrees that, in entering into this Agreement, such party has not relied on any promises or assurances, written or oral, that are not reflected in this Agreement.

		Section 2.7 Governing Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles or rules of conflict of Laws to the extent such principles or rules would require or permit the application of Laws of another jurisdiction.

		Section 2.8 Jurisdiction; WAIVER OF TRIAL BY JURY. Any Legal Proceeding based upon, arising out of or related to this Agreement or the transactions contemplated hereby may be brought in federal and state courts located in the State of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such Legal Proceeding, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the Legal Proceeding shall be heard and determined only in any such court, and agrees not to bring any Legal Proceeding arising out of or relating to this Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any Legal Proceeding brought pursuant to this Section 2.8. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE SUBJECT MATTER HEREOF.

		Section 2.9 Specific Performance. The parties hereto acknowledge that the rights of each party hereto to consummate the transactions contemplated hereby are unique and recognize and affirm that in the event of a breach of this Agreement by any party, money damages may be inadequate and the non-breaching party may have no adequate remedy at law. Accordingly, the parties hereto agree that such non-breaching party shall have the right to enforce its rights and the other party’s obligations hereunder by an action or actions for specific performance and/or injunctive relief (without posting of bond or other security), including any order, injunction or decree sought by such non-breaching party to cause the other party to perform its/their respective agreements and covenants contained in this Agreement and to cure breaches of this Agreement, without the necessity of proving actual harm and/or damages or posting a bond or other security therefore. Each party hereto further agrees that the only permitted objection that it may raise in response to any action for any such equitable relief is that it contests the existence of a breach or threatened breach of this Agreement.

		Section 2.10 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or e-mail shall be as effective as delivery of a manually executed counterpart of the Agreement.

		Section 2.11 Amendment. This Agreement may be amended, modified or supplemented at any time only by the written consent of each of the parties hereto, and any amendment, modification or supplement so effected shall be binding on each of the parties hereto.

		Section 2.12 Rights Cumulative. Except as otherwise expressly limited by this Agreement, all rights and remedies of each of the parties hereto under this Agreement will be cumulative, and the exercise of one or more rights or remedies will not preclude the exercise of any other right or remedy available under this Agreement or law.

		Section 2.13 Further Assurances. Each of the parties hereto shall execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Agreement.

		Section 2.14 Enforcement. Each of the parties hereto covenants and agrees that the disinterested members of the Board have the right to enforce, waive or take any other action with respect to this Agreement on behalf of the Company.

		Section 2.15 Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.

		[Signature Page Follows.]

		

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as a deed as of the date first written above.

			

						 	
						COMPANY

					
	 	 	
						SOC TELEMED, INC.

					
	 	 	
						By:

						 	/s/
     John Kalix
	 	 	 	 	
						Name: John Kalix

					
	 	 	 	 	
						Title: Chief Executive Officer

					
	 	 	
						STOCKHOLDER

					
	 	 	
						SOC HOLDINGS LLC

					
	 	 	By:

						 	/s/
     Amr Kronfol
	 	 	 	 	Name:
                                         Amr Kronfol

					
	 	 	 	 	
						Title:
      President

					

		[Signature Page to Investor Rights Agreement]

		

 

     

     

    

Exhibit A

FORM OF IRREVOCABLE RESIGNATION

		[__], 2020
SOC
Telemed, Inc.
[ADDRESS]

		ATTENTION: SECRETARY

		Re: Resignation

		Ladies and Gentlemen:

		This irrevocable resignation is delivered pursuant to Section 1.1(d) of the Investor Rights Agreement, dated as of [__], 2020 (the “Agreement”), by and between SOC Telemed, Inc. (f/k/a Healthcare Merger Corp.) (the “Company”) and the Stockholder (as defined in the Agreement). If, following such time that the Agreement is terminated in accordance with its terms [or the Stockholder ceases to beneficially own at least [fifty percent (50%)]1 [thirty five percent (35%)]2 [fifteen percent (15%)]3 [five percent (5%)]4 of the issued and outstanding shares of Parent Class A Common Stock], the Board (as such term is defined in the Agreement) requests in writing that I resign as a director of the Company, I hereby tender the immediate resignation of my position as a director of the Company and from any and all committees of the Board on which I serve.

		This resignation may not be withdrawn by me at any time.

		Sincerely,

		[Applicable Designee]

		____________
​1 Note to Draft: To be included for two Designees.

		​2 Note to Draft: To be included for one Designee

		​3 Note to Draft: To be included for one Designee

		​4 Note to Draft: To be included for one Designee.Exhibit 10.8

 

SOC TELEMED,
INC.

 

Indemnification
Agreement

 

This Indemnification Agreement (this “Agreement”)
is made as of __________, ____, by and between SOC Telemed, Inc., a Delaware corporation (the “Company”), and
____________________ (“Indemnitee”).

 

RECITALS

 

The Company and Indemnitee recognize the
increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in
the cost of such insurance and the general reductions in the coverage of such insurance. The Company and Indemnitee further recognize
the substantial increase in corporate litigation in general, subjecting directors, officers and key employees to expensive litigation
risks at the same time as the availability and coverage of liability insurance has been severely limited. Indemnitee does not regard
the current protection available as adequate under the present circumstances, and Indemnitee may not be willing to continue to
serve in Indemnitee’s current capacity with the Company without additional protection. The Company desires to attract and
retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees
so as to provide them with the maximum protection permitted by law.

 

AGREEMENT

 

In consideration of the mutual promises
made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the Company and Indemnitee hereby agree as follows:

 

1. Indemnification.

 

(a) Third-Party Proceedings.
To the fullest extent permitted by applicable law, as such may be amended from time to time, the Company shall indemnify Indemnitee,
if Indemnitee was, is or is threatened to be made, a party to or a participant (as a witness or otherwise) in any Proceeding (other
than a Proceeding by or in the right of the Company to procure a judgment in the Company’s favor), against all Expenses,
judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall
not be unreasonably withheld) actually incurred by Indemnitee in connection with such Proceeding if Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of
a criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful.

 

     

     

    

  

(b) Proceedings by or in the Right
of the Company. To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee, if Indemnitee
was, is or is threatened to be made a party to or a participant (as a witness or otherwise) in any Proceeding by or in the right
of the Company to procure a judgment in the Company’s favor, against all Expenses actually incurred by Indemnitee in connection
with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company, except that no indemnification shall be made in respect of any claim, issue or matter as to
which Indemnitee shall have been finally adjudicated by court order or judgment to be liable to the Company unless and only to
the extent that the Court of Chancery or the court in which such Proceeding is or was pending shall determine upon application
that, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses
which such court shall deem proper.

 

(c) Success on the Merits.
To the fullest extent permitted by applicable law and to the extent that Indemnitee has been successful on the merits or otherwise
in defense of any Proceeding referred to in Section 1(a) or Section 1(b) or the defense of any claim, issue or matter
therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee
in connection therewith. Without limiting the generality of the foregoing, if Indemnitee is successful on the merits or otherwise
as to one or more but less than all claims, issues or matters in a Proceeding, the Company shall indemnify Indemnitee against all
Expenses actually and reasonably incurred by Indemnitee in connection with such successfully resolved claims, issues or matters
to the fullest extent permitted by applicable law. If any Proceeding is disposed of on the merits or otherwise (including a disposition
without prejudice), without (i) the disposition being adverse to Indemnitee, (ii) an adjudication that Indemnitee was liable to
the Company, (iii) a plea of guilty by Indemnitee, (iv) an adjudication that Indemnitee did not act in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and (v) with respect to any criminal
Proceeding, an adjudication that Indemnitee had reasonable cause to believe Indemnitee’s conduct was unlawful, Indemnitee
shall be considered for the purposes hereof to have been wholly successful with respect thereto.

 

(d) Witness Expenses. To
the fullest extent permitted by applicable law and to the extent that Indemnitee is a witness or otherwise asked to participate
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 with such Proceeding.

 

2. Indemnification Procedure.

 

(a) Advancement of Expenses.
To the fullest extent permitted by applicable law, the Company shall advance all Expenses actually and reasonably incurred by Indemnitee
in connection with a Proceeding within thirty (30) days after receipt by the Company of a statement requesting such advances from
time to time, whether prior to or after final disposition of any Proceeding. Such advances shall be unsecured and interest free
and shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate
entitlement to indemnification under the other provisions of this Agreement. Indemnitee shall be entitled to continue to receive
advancement of Expenses pursuant to this Section 2(a) unless and until the matter of Indemnitee’s entitlement to indemnification
hereunder has been finally adjudicated by court order or judgment from which no further right of appeal exists. Indemnitee hereby
undertakes to repay such amounts advanced only if, and to the extent that, it ultimately is determined that Indemnitee is not entitled
to be indemnified by the Company under the other provisions of this Agreement. Indemnitee shall qualify for advances upon the execution
and delivery of this Agreement, which shall constitute the requisite undertaking with respect to repayment of advances made hereunder
and no other form of undertaking shall be required to qualify for advances made hereunder other than the execution of this Agreement.

 

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(b) Notice and Cooperation by Indemnitee.
Indemnitee shall promptly 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 for which indemnification will or could be sought under this
Agreement. Such notice to the Company shall include a description of the nature of, and facts underlying, the Proceeding, shall
be directed to the Chief Executive Officer of the Company and shall be given in accordance with the provisions of Section 13(e)
below. In addition, Indemnitee shall give the Company such additional information and cooperation as the Company may reasonably
request. Indemnitee’s failure to so notify, provide information and otherwise cooperate with the Company shall not relieve
the Company of any obligation that it may have to Indemnitee under this Agreement, except to the extent that the Company is adversely
affected by such failure.

 

(c) Determination of Entitlement.

 

(i) Final Disposition.
Notwithstanding any other provision in this Agreement, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding.

 

(ii) Determination and Payment.
Subject to the foregoing, promptly after receipt of a statement requesting payment with respect to the indemnification rights set
forth in Section 1, to the extent required by applicable law, the Company shall take the steps necessary to authorize such payment
in the manner set forth in Section 145 of the Delaware General Corporation Law. The Company shall pay any claims made under
this Agreement, under any statute, or under any provision of the Company’s Certificate of Incorporation or Bylaws providing
for indemnification or advancement of Expenses, within thirty (30) days after a written request for payment thereof has first been
received by the Company, and if such claim is not paid in full within such thirty (30) day-period, Indemnitee may, but need not,
at any time thereafter bring an action against the Company in the Delaware Court of Chancery to recover the unpaid amount of the
claim and, subject to Section 12, Indemnitee shall also be entitled to be paid for all Expenses actually and reasonably incurred
by Indemnitee in connection with bringing such action. It shall be a defense to any such action (other than an action brought to
enforce a claim for advancement of Expenses under Section 2(a)) that Indemnitee has not met the standards of conduct which
make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In making a determination
with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume
that Indemnitee is entitled to indemnification under this Agreement and the Company shall have the burden of proof to overcome
that presumption with clear and convincing evidence to the contrary. The termination of any Proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee
did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company, or, in the case of a criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s
conduct was unlawful. In addition, it is the parties’ intention that if the Company contests Indemnitee’s right to
indemnification, the question of Indemnitee’s right to indemnification shall be for the court to decide, and neither the
failure of the Company (including its Board of Directors, any committee or subgroup of the Board of Directors, independent legal
counsel, or its stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because
Indemnitee has met the applicable standard of conduct required by applicable law, nor an actual determination by the Company (including
its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) that
Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable
standard of conduct. If any requested determination with respect to entitlement to indemnification hereunder has not been made
within ninety (90) days after the final disposition of the Proceeding, the requisite determination that Indemnitee is entitled
to indemnification shall be deemed to have been made.

 

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(iii) Change of Control.
Notwithstanding any other provision in this Agreement, if a Change of Control has occurred, any person or body appointed by the
Board of Directors in accordance with applicable law to review the Company’s obligations hereunder and under applicable law
shall be Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld).
Such counsel, among other things, will render its written opinion to the Company and Indemnitee as to whether and to what extent
Indemnitee would be entitled to be indemnified hereunder under applicable law and the Company agrees to abide by such opinion.
The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to indemnify fully such counsel
against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Company shall not be required
to pay Expenses of more than one Independent Counsel in connection with all matters concerning a single Indemnitee, and such Independent
Counsel shall be the Independent Counsel for any or all other Indemnitees unless (A) the Company otherwise determines or (B) any
Indemnitee shall provide a written statement setting forth in detail a reasonable objection to such Independent Counsel representing
other indemnitees under agreements similar to this Agreement.

 

(d) Payment Directions.
To the extent payments are required to be made hereunder, the Company shall, in accordance with Indemnitee’s request (but
without duplication), (i) pay such Expenses on behalf of Indemnitee, (ii) advance to Indemnitee funds in an amount sufficient to
pay such Expenses, or (iii) reimburse Indemnitee for such Expenses.

 

(e) Notice to Insurers.
If, at the time of the receipt of a notice of a claim pursuant to Section 2(b) hereof, the Company has director and officer
liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the
terms of such policies. The Company shall provide to Indemnitee: (i) copies of all potentially applicable directors’ and
officers’ liability insurance policies, (ii) a copy of such notice delivered to the applicable insurers, and (iii) copies
of all subsequent correspondence between the Company and such insurers regarding the Proceeding, in each case substantially concurrently
with the delivery or receipt thereof by the Company.

 

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(f) Defense of Claim and Selection
of Counsel. In the event the Company shall be obligated under Section 2(a) hereof to advance Expenses with respect
to any Proceeding, the Company, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel reasonably
acceptable to Indemnitee, upon the delivery to Indemnitee of written notice of its election so to do, and upon Indemnitee providing
signed, written consent to such assumption, which shall not be unreasonably withheld. After delivery of such notice, approval of
such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under
this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee
shall have the right to employ counsel in any such Proceeding at Indemnitee’s expense; and (ii) if (A) the employment
of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that
there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such Proceeding, then the fees and expenses of Indemnitee’s
counsel shall be at the expense of the Company. In addition, if there exists a potential, but not an actual conflict of interest
between the Company and Indemnitee, the actual and reasonable legal fees and expenses incurred by Indemnitee for separate counsel
retained by Indemnitee to monitor the Proceeding (so that such counsel may assume Indemnitee’s defense if the conflict of
interest between the Company and Indemnitee becomes an actual conflict of interest) shall be deemed to be Expenses that are subject
to indemnification hereunder. The existence of an actual or potential conflict of interest, and whether such conflict may be waived,
shall be determined pursuant to the rules of attorney professional conduct and applicable law. The Company shall not be required
to obtain the consent of Indemnitee for the settlement of any Proceeding the Company has undertaken to defend if the Company assumes
full and sole responsibility for each such settlement; provided, however, that the Company shall be required to obtain Indemnitee’s
prior written approval, which shall not be unreasonably withheld, before entering into any settlement which (1) does not grant
Indemnitee a complete release of liability, (2) would impose any penalty or limitation on Indemnitee, or (3) would admit any liability
or misconduct by Indemnitee.

 

3. Additional Indemnification
Rights.

 

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

 

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(b) Nonexclusivity. The
indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under
the Company’s Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested members
of the Company’s Board of Directors, the Delaware General Corporation Law, or otherwise, both as to action in Indemnitee’s
official capacity and as to action in another capacity while holding such office.

 

(c) Interest on Unpaid Amounts.
If any payment to be made by the Company to Indemnitee hereunder is delayed by more than ninety (90) days from the date the duly
prepared request for such payment is received by the Company, interest shall be paid by the Company to Indemnitee at the legal
rate under Delaware law for amounts which the Company indemnifies or is obligated to indemnify for the period commencing with the
date on which Indemnitee actually incurs such Expense or pays such judgment, fine or amount in settlement and ending with the date
on which such payment is made to Indemnitee by the Company.

 

(d) Third-Party Indemnification.
The Company hereby acknowledges that Indemnitee has or may from time to time obtain certain rights to indemnification, advancement
of expenses and/or insurance provided by one or more third parties (collectively, the “Third-Party Indemnitors”).
The Company hereby agrees that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and
any obligation of the Third-Party Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities
incurred by Indemnitee are secondary), and that the Company will not assert that the Indemnitee must seek expense advancement or
reimbursement, or indemnification, from any Third-Party Indemnitor before the Company must perform its expense advancement and
reimbursement, and indemnification obligations, under this Agreement. No advancement or payment by the Third-Party Indemnitors
on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall affect
the foregoing. The Third-Party Indemnitors shall be subrogated to the extent of such advancement or payment to all of the rights
of recovery which Indemnitee would have had against the Company if the Third-Party Indemnitors had not advanced or paid any amount
to or on behalf of Indemnitee. If for any reason a court of competent jurisdiction determines that the Third-Party Indemnitors
are not entitled to the subrogation rights described in the preceding sentence, the Third-Party Indemnitors shall have a right
of contribution by the Company to the Third-Party Indemnitors with respect to any advance or payment by the Third-Party Indemnitors
to or on behalf of the Indemnitee.

 

4. Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the
Expenses, judgments, fines or amounts paid in settlement, actually and reasonably incurred in connection with a Proceeding, but
not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses,
judgments, fines and amounts paid in settlement to which Indemnitee is entitled.

 

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5. Director
and Officer Liability Insurance.

 

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

 

(b) Tail Coverage. In the
event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the
federal bankruptcy process and the like), the Company shall maintain in force any and all insurance policies then maintained by
the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise)
in respect of Indemnitee, for a period of six years thereafter.

 

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

 

7. Exclusions. Any other
provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:

 

(a) Claims Initiated by Indemnitee.
To indemnify or advance Expenses to Indemnitee with respect to Proceedings initiated or brought voluntarily by Indemnitee and not
by way of defense, except with respect to Proceedings brought to establish, enforce or interpret a right to indemnification under
this Agreement or any other statute or law or otherwise as required under Section 145 of the Delaware General Corporation
Law, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board of Directors
finds it to be appropriate; provided, however, that the exclusion set forth in the first clause of this subsection shall not be
deemed to apply to any investigation initiated or brought by Indemnitee to the extent reasonably necessary or advisable in support
of Indemnitee’s defense of a Proceeding to which Indemnitee was, is or is threatened to be made, a party;

 

(b) Lack of Good Faith.
To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted by Indemnitee to establish,
enforce or interpret a right to indemnification under this Agreement or any other statute or law or otherwise as required under
Section 145 of the Delaware General Corporation Law, if a court of competent jurisdiction determines that each of the material
assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous;

 

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(c) Unlawful Payments.
To indemnify Indemnitee for Expenses to the extent it is determined by a final court order or judgment by a court of competent
jurisdiction, to which all rights of appeal have either lapsed or been exhausted, that such indemnification is unlawful;

 

(d) Certain Conduct. To
indemnify Indemnitee for Expenses on account of Indemnitee’s conduct that is established by a final court order or judgment
by a court of competent jurisdiction, to which all rights of appeal have either lapsed or been exhausted, as knowingly fraudulent;

 

(e) Insured Claims. To
indemnify Indemnitee for Expenses to the extent such Expenses have been paid directly to Indemnitee by an insurance carrier under
an insurance policy maintained by the Company; or

 

(f) Certain Exchange Act Claims.
To indemnify Indemnitee in connection with any claim made against Indemnitee for (i) an accounting of profits made from the purchase
and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange
Act or any similar successor statute or any similar provisions of state statutory law or common law, or (ii) any reimbursement
of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee
from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”) or Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the payment to the Company
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley
Act); provided, however, that to the fullest extent permitted by applicable law and to the extent Indemnitee is successful on the
merits or otherwise with respect to any such Proceeding, the Expenses actually and reasonably incurred by Indemnitee in connection
with any such Proceeding shall be deemed to be Expenses that are subject to indemnification hereunder.

 

8. Contribution Claims.

 

(a) If the indemnification provided in
Section 1 is unavailable in whole or in part and may not be paid to Indemnitee for any reason other than those set forth in
Section 7, then in respect to any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined
in such Proceeding), to the fullest extent permitted by applicable law, the Company, in lieu of indemnifying Indemnitee, shall
pay, in the first instance, the entire amount incurred by Indemnitee, whether for Expenses, judgments, fines or amounts paid in
settlement, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby
waives and relinquishes any right of contribution it may have at any time against Indemnitee.

 

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(b) Without diminishing or impairing
the obligations of the Company set forth in the preceding Section 8(a), if, for any reason, Indemnitee shall elect or be required
to pay all or any portion of any Expenses, judgment or settlement in any Proceeding in which the Company is jointly liable with
Indemnitee (or would be if joined in such Proceeding), the Company shall contribute to the amount of Expenses, judgments, fines
and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative
benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly
liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the
transaction or events from which such Proceeding arose; provided, however, that the proportion determined on the basis of relative
benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and
all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if
joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the transaction or events that
resulted in such Expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which applicable
law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company, other
than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee,
on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by
intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which
their conduct is active or passive.

 

(c) With respect to a Proceeding brought
against directors, officers, employees or agents of the Company (other than Indemnitee), to the fullest extent permitted by applicable
law, the Company shall indemnify Indemnitee from any claims for contribution that may be brought by any such directors, officers,
employees or agents of the Company (other than Indemnitee) who may be jointly liable with Indemnitee, to the same extent Indemnitee
would have been entitled to such indemnification under this Agreement if such Proceeding had been brought against Indemnitee.

 

9. No Imputation. The
knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or the Company itself shall
not be imputed to Indemnitee for purposes of determining any rights under this Agreement.

 

10. Determination of Good Faith.
For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee
by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or the Board
of Directors of the Enterprise or any counsel selected by any committee of the Board of Directors of the Enterprise or on information
or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser, investment
banker, compensation consultant, or other expert selected with reasonable care by the Enterprise or the Board of Directors of the
Enterprise or any committee thereof. The provisions of this Section 10 shall not be deemed to be exclusive or to limit in
any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct. Whether or
not the foregoing provisions of this Section are satisfied, it shall in any event be presumed that Indemnitee has at all times
acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company.

 

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11. Defined Terms and Phrases.
For purposes of this Agreement, the following terms shall have the following meanings:

 

(a) “Beneficial Owner”
and “Beneficial Ownership” shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act
as in effect on the date hereof.

 

(b) “Change of Control”
shall be deemed to occur upon the earliest of any of the following events:

 

(i) Acquisition of Stock by Third
Party. Any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20%
or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election
of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results
solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election
of directors, or (2) such acquisition was approved in advance by the Continuing Directors and such acquisition would not constitute
a Change of Control under part (iii) of this definition.

 

(ii) Change in Board of Directors.
Individuals who, as of the date of this Agreement, constitute the Company’s Board of Directors (the “Board”),
and any new director whose election by the Board 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 on the date of this Agreement (collectively,
the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board.

 

(iii) Corporate Transaction.
The effective date of a reorganization, merger, or consolidation of the Company (a “Business Combination”),
in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and entities who were
the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 51% of the combined voting power of the then outstanding securities
of the Company entitled to vote generally in the election of directors resulting from such Business Combination (including a corporation
which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly
or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business
Combination, of the securities entitled to vote generally in the election of directors and with the power to elect at least a majority
of the Board or other governing body of the surviving entity; (2) no Person (excluding any corporation resulting from such Business
Combination) is the Beneficial Owner, directly or indirectly, of 15% or more of the combined voting power of the then outstanding
securities entitled to vote generally in the election of directors of such corporation except to the extent that such ownership
existed prior to the Business Combination; and (3) at least a majority of the Board of Directors of the corporation resulting from
such Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of
the Board of Directors, providing for such Business Combination.

 

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(iv) Liquidation. The approval
by the Company’s stockholders of a complete liquidation of the Company or an agreement or series of agreements for the sale
or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s
current receivables or escrows due (or, if such approval is not required, the decision by the Board to proceed with such a liquidation,
sale or disposition in one transaction or a series of related transactions).

 

(v) Other Events. There occurs
any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or
a response to any similar item or any similar schedule or form) promulgated under the Exchange Act whether or not the Company is
then subject to such reporting requirement.

 

(c) “Company” shall
include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed
in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its
directors, officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director, officer, trustee, general partner,
managing member, fiduciary, employee or agent of any other enterprise, Indemnitee shall stand in the same position under the provisions
of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.

 

(d) “Enterprise” means
the Company and any other enterprise that Indemnitee was or is serving at the request of the Company as a director, officer, partner
(general, limited or otherwise), member (managing or otherwise), trustee, fiduciary, employee or agent.

 

(e) “Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

(f) “Expenses” shall
include all direct and indirect costs, fees and expenses of any type or nature whatsoever reasonably incurred by Indemnitee, including
all attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses,
fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt
of any payment under this Agreement (including taxes that may be imposed upon the actual or deemed receipt of payments under this
Agreement with respect to the imposition of federal, state, local or foreign taxes), fax transmission charges, secretarial services
and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend,
investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in a Proceeding. Expenses
also shall include any of the forgoing expenses reasonably incurred in connection with any appeal resulting from any Proceeding,
including the principal, premium, security for, and other costs relating to any costs bond, supersedes bond, or other appeal bond
or its equivalent. Expenses also shall include any interest, assessment or other charges imposed thereon and costs reasonably incurred
in preparing statements in support of payment requests hereunder. Expenses, however, shall not include amounts paid in settlement
by Indemnitee or the amount of judgments or fines against Indemnitee.

 

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(g) “Independent Counsel”
means an attorney or firm of attorneys, selected in accordance with the provisions of Section 2(c)(iii), who will not have otherwise
performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the
rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements).

 

(h) “Person” shall
have the meaning as set forth in Section 13(d) and 14(d) of the Exchange Act as in effect on the date hereof; provided, however,
that “Person” shall exclude: (i) the Company; (ii) any direct or indirect majority owned subsidiaries of the Company;
(iii) any employee benefit plan of the Company or any direct or indirect majority owned subsidiaries of the Company or of any corporation
owned, directly or indirectly, by the Company’s stockholders in substantially the same proportions as their ownership of
stock of the Company (an “Employee Benefit Plan”); and (iv) any trustee or other fiduciary holding securities
under an Employee Benefit Plan.

 

(i) “Proceeding” shall
include any actual, threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by a third
party, a government agency, the Company or its Board of Directors or a committee thereof, whether in the right of the Company or
otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative, legislative or
investigative (formal or informal) nature, including any appeal therefrom, in which Indemnitee was, is, will or might be involved
as a party, potential party, non-party witness or otherwise by reason of the fact that Indemnitee is or was a director, officer,
employee or agent of the Company, by reason of any action (or failure to act) taken by Indemnitee or of any action (or failure
to act) on Indemnitee’s part while acting as a director, officer, employee or agent of the Company, or by reason of the fact
that Indemnitee is or was serving at the request of the Company as a director, officer, partner (general, limited or otherwise),
member (managing or otherwise), trustee, fiduciary, employee or agent of any other enterprise, in each case whether or not serving
in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses
can be provided under this Agreement.

 

(j) In addition, references to “other
enterprise” shall include another corporation, partnership, limited liability company, joint venture, trust, employee
benefit plan or any other enterprise; references to “fines” shall include any excise taxes assessed on Indemnitee
with respect to an employee benefit plan; references to “serving at the request of the Company” shall include
any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by Indemnitee
with respect to an employee benefit plan, its participants, or beneficiaries; and if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee
shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to
in this Agreement; references to “include” or “including” shall mean include or including,
without limitation; and references to Sections, paragraphs or clauses are to Sections, paragraphs or clauses in this Agreement
unless otherwise specified.

 

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12. Attorneys’ Fees.
In the event that any Proceeding is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection with such
Proceeding, unless a court of competent jurisdiction determines that each of the material assertions made by Indemnitee as a basis
for such Proceeding were not made in good faith or were frivolous. In the event of a Proceeding instituted by or in the name of
the Company under this Agreement or to enforce or interpret any of the terms of this Agreement, the Company shall indemnify Indemnitee
against all Expenses actually and reasonably incurred by Indemnitee in connection with such Proceeding (including with respect
to Indemnitee’s counterclaims and cross-claims made in such action), unless a court of competent jurisdiction determines
that each of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

 

13. Miscellaneous.

 

(a) Governing Law. The
validity, interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto and the
rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the state
of Delaware, without giving effect to principles of conflicts of law.

 

(b) Entire Agreement; Binding Effect.
Without limiting any of the rights of Indemnitee described in Section 3(b), this Agreement sets forth the entire agreement
and understanding of the parties relating to the subject matter herein and merges all prior discussions and supersedes any and
all previous agreements between them covering the subject matter herein. The indemnification provided under this Agreement applies
with respect to events occurring before or after the effective date of this Agreement, and shall continue to apply even after Indemnitee
has ceased to serve the Company in any and all indemnified capacities.

 

(c) Amendments and Waivers.
No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless
in writing signed by the parties to this Agreement. No delay or failure to require performance of any provision of this Agreement
shall constitute a waiver of that provision as to that or any other instance.

 

(d) Successors and Assigns.
This Agreement shall be binding upon the Company and its successors (including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the business and/or assets of the Company) and assigns, and inure to
the benefit of Indemnitee and Indemnitee’s heirs, executors, administrators, legal representatives and assigns. The Company
shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially
all of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly
to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform
if no such succession had taken place.

 

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(e) Notices. Any notice,
demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed sufficient when
delivered personally or by overnight courier or sent by email, or 48 hours after being deposited in the U.S. mail as certified
or registered mail with postage prepaid, addressed to the party to be notified at such party’s address as set forth on the
signature page, as subsequently modified by written notice, or if no address is specified on the signature page, at the most recent
address set forth in the Company’s books and records.

 

(f) Severability. If one
or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted
as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.

 

(g) Construction. This
Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel,
if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed
in favor of or against any one of the parties hereto.

 

(h) Counterparts. This
Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
and all of which together shall constitute one and the same agreement. Execution of a facsimile or scanned copy will have the same
force and effect as execution of an original, and a facsimile or scanned signature will be deemed an original and valid signature.

 

(i) No Employment Rights.
Nothing contained in this Agreement is intended to create in Indemnitee any right to continued employment.

 

(j) Company Position. The
Company shall be precluded from asserting, in any Proceeding brought for purposes of establishing, enforcing or interpreting any
right to indemnification under this Agreement, that the procedures and presumptions of this Agreement are not valid, binding and
enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement and is precluded
from making any assertion to the contrary.

 

(k) Subrogation. Subject
to Section 3(d), in the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Company to effectively bring suit to enforce such rights.

 

[Signature Page Follows]

 

    -14-

     

    

 

The parties have executed this Indemnification
Agreement as of the date first set forth above.

 

	 	the
    company:
	 	 	 
	 	SOC
    TELEMED, INC.
	 	 	 
	 	By:	
	 	 	(Signature)
	 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:
	 	1768 Business Center Drive, Suite
    100
	 	Reston, Virginia 20190
	 	United States

 

	AGREED TO AND ACCEPTED:	 
	 	
	INDEMNITEE:	 
	 	 
	 	 
	(print name)	 
	 	 
	 	 
	(Signature)	 
	 	 
	Address:	 
	 	 
	 	 
	 	 
	Email:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]