Document:

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made as of the 1st day of July, 2013, by and between Mimvi, Inc., a Nevada
corporation (the “Corporation”), and Qayed Shareef (“Indemnitee”), a director and/or officer of the Corporation.

 

RECITALS

 

A.           It
is essential to the Corporation to retain and attract as directors and officers of the Corporation the most capable persons available.

 

B.           Both
the Corporation and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors
and officers of corporations generally.

 

C.           The
Articles of Incorporation, as amended (the "Articles of Incorporation") and Bylaws of the Corporation require the Corporation
to indemnify and advance expenses to its directors and officers to the fullest extent permitted under Nevada law, and Indemnitee
will serve or has been serving and continues to serve as a director and/or officer of the Corporation in part in reliance on the
Corporation’s Articles of Incorporation and Bylaws.

 

D.           In
recognition of Indemnitee’s need for (i) substantial protection against personal liability based on Indemnitee’s reliance
on the aforesaid Articles of Incorporation and Bylaws, (ii) specific contractual assurance that the protection promised by the
Articles of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation
of the Articles of Incorporation and Bylaws or any change in the composition of the Corporation’s Board of Directors or acquisition
transaction relating to the Corporation), and (iii) an inducement to provide effective services to the Corporation as a director
and/or officer, the Corporation wishes to provide in this Agreement for the indemnification of and the advancing of expenses to
Indemnitee to the fullest extent (whether partial or complete) permitted under Nevada law and as set forth in this Agreement, and,
to the extent insurance is maintained, to provide for the continued coverage of Indemnitee under the Corporation’s directors’
and officers’ liability insurance policies.

 

AGREEMENTS

 

NOW, THEREFORE, the
Corporation and Indemnitee do hereby agree as follows:

 

1.           Agreement
to Serve. Indemnitee agrees to serve or continue to serve as a director and/or an officer of the Corporation for so long as
he is duly elected or appointed or until such time as he tenders his resignation in writing.

 

2.           Definitions.
As used in this Agreement:

 

(a)          “Change
of Control” means the occurrence of any of the following events after the date of this Agreement:

 

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(i)          A
change in the composition of the Board of Directors of the Corporation, as a result of which fewer than a majority of the incumbent
directors are directors who either (1) had been directors of the Corporation 12 months prior to such change or (2) were elected,
or nominated for election, to the Board of Directors with the affirmative votes of at least a majority of the directors who had
been directors of the Corporation 12 months prior to such change and who were still in office at the time of the election or nomination;
or

 

(ii)         Any
“person” (as such term is used in section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) through
the acquisition or aggregation of securities is or becomes the beneficial owner, directly or indirectly, of securities of the Corporation
representing 40% or more of the combined voting power of the Corporation’s then outstanding securities ordinarily (and apart
from rights accruing under special circumstances) having the right to vote at elections of directors (the “Capital Stock”).

 

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

 

(c)          The
term “Expenses” shall include, without limitation, expenses, costs and obligations, paid or incurred, of investigations,
judicial or administrative proceedings or appeals, amounts paid in settlement by or on behalf of Indemnitee, reasonable attorneys'
fees and disbursements and any expenses reasonably and actually incurred in establishing a right to indemnification under Section
8 of this Agreement including, without limitation, those incurred in investigating, defending, being a witness in or participating
in (including on appeal), or preparing to defend with respect to any claim, issue or matter relating thereto or in connection therewith,
but shall not include the amount of judgments, fines or penalties against Indemnitee.

 

(d)          “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past 5 years has been, retained to represent: (i) the Corporation or Indemnitee in any matter material to either
such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Corporation or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement.

 

(e)          The
term “Proceeding” shall include any threatened, pending or completed action, suit, internal or external investigation
or proceeding, and any appeal thereof, whether brought by or in the right of the Corporation or otherwise and whether civil, criminal,
administrative or investigative, and/or any inquiry or investigation, in which Indemnitee may be or may have been involved as a
party or otherwise, by reason of the fact that Indemnitee is or was a director or officer of the Corporation, by reason of any
action taken by him or of any inaction on his part while acting as a director or officer, or by reason of the fact that he is or
was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, limited
liability company, joint venture, trust or other enterprise; in each case whether or not he is acting or serving in any such capacity
at the time any liability or expense is incurred for which indemnification or reimbursement can be provided under this Agreement.

 

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(f)          References
to “other enterprise” shall include employee benefit plans; references to "fines" shall include any excise
tax assessed with respect to any employee benefit plan; references to "serving at the request of the Corporation" shall
include any service as a director, officer, employee or agent of the Corporation or its subsidiaries which imposes duties on, or
involves services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or
beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in the interests of the participants
and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests
of the Corporation” as referred to in this Agreement.

 

3.           Indemnity
in Third-Party Proceedings. The Corporation shall indemnify Indemnitee in accordance with the provisions of this Section 3
if Indemnitee is a party to or threatened to be made a party to any Proceeding (other than a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) by reason of the fact that Indemnitee is or was a director or officer of the Corporation,
or is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses, judgments, fines and penalties actually
and reasonably incurred by Indemnitee in connection with the defense or settlement of such Proceeding, but only if he acted in
good faith and in a manner which he reasonably believed to be in the best interests of the Corporation, or, in the case of a criminal
action or proceeding, in addition, had no reasonable cause to believe that his conduct was unlawful.

 

4.           Indemnitee
in Proceedings by or in the Right of the Corporation. The Corporation shall indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is a party to or threatened to be made a party to any Proceeding by or in the right of the Corporation
to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director or officer of the Corporation, or
is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses actually and reasonably incurred by Indemnitee
in connection with the defense or settlement of such Proceeding, but only if he acted in good faith and in a manner which he reasonably
believed to be in the best interests of the Corporation, except that no indemnification for Expenses shall be made under this Section
4 in respect of any Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation, unless and only
to the extent that any court in which such Proceeding was brought shall determine upon application that, despite the adjudication
of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
expenses as such court shall deem proper. Notwithstanding the foregoing, Indemnitee shall have no right to indemnification for
Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b)
of the Securities Exchange Act of 1934, as amended.

 

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5.           Intentionally
omitted.

 

6.           Indemnification
of Expenses of Successful Party. Notwithstanding any other provision of this Agreement whatsoever, to the extent that Indemnitee
has been successful on the merits or otherwise (including a settlement) in defense of any Proceeding or in defense of any claim,
issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses reasonably
and actually incurred in connection therewith.

 

7.           Advances
of Expenses. The Corporation shall advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with
any Proceeding within 20 days after the receipt by the Corporation of a statement or statements from Indemnitee requesting such
advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements
shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking
by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled
to be indemnified against such Expenses.

 

8.           Procedure
for Determination of Entitlement to Indemnification.

 

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

 

(b)          Upon
written request by Indemnitee for indemnification pursuant to the first sentence of Section 8(a) hereof, a determination, if required
by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change of
Control (as defined in Section 2) shall have occurred, by Independent Counsel (as defined in Section 2) (unless Indemnitee shall
request that such determination be made by the Board of Directors or the stockholders, in which case by the person or persons or
in the manner provided for in clauses (ii) or (iii) of this Section 8(b)) in a written opinion to the Board of Directors, a copy
of which shall be delivered to Indemnitee; (ii) if a Change of Control shall not have occurred, (A) by the Board of Directors by
a majority vote of a quorum consisting of Disinterested Directors (as defined in Section 2), or (B) if a quorum of the Board of
Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors
so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee
or (C) by the stockholders of the Corporation; or (iii) as provided in Section 9(b) of this Agreement; and, if it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within 20 days after such determination. Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary
to such determination. Any costs or expenses (including reasonable attorney’s fees and disbursements) incurred by Indemnitee
in so cooperating with the person, persons or entity making such determination shall be borne by the Corporation (irrespective
of the determination as to Indemnitee’s entitlement to indemnification), and the Corporation hereby indemnifies and agrees
to hold Indemnitee harmless therefrom.

 

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(c)          In
the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof,
the Independent Counsel shall be selected as provided in this Section 8(c). If a Change of Control shall not have occurred, the
Independent Counsel shall be selected by the Board of Directors, and the Corporation shall give written notice to Indemnitee advising
him of the identity of the Independent Counsel so selected. If a Change of Control shall have occurred, the Independent Counsel
shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which
event the preceding sentence shall apply), and Indemnitee shall give written notice to the Corporation advising it of the identity
of the Independent Counsel so selected. In either event, the Indemnitee or the Corporation, as the case may be, may, within 7 days
after such written notice of selection shall have been given, deliver to the Corporation or to Indemnitee, as the case may be,
a written objection to such selection. Such objection may be asserted only on the ground that the Independent Counsel so selected
does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection
shall set forth with particularity the factual basis of such assertion. If such written objection is made, the Independent Counsel
so selected may not serve as Independent Counsel unless and until a court has determined that such objection is without merit.
If, within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 8(a) hereof, no
Independent Counsel shall have been selected and not objected to, either the Corporation or Indemnitee may petition the courts
of the State of Nevada or other court of competent jurisdiction for resolution of any objection which shall have been made by the
Corporation or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel
of a person selected by the Court or by such other person as the Court shall designate, and the person with respect to whom an
objection is so resolved or the person so appointed shall act as Independent Counsel under Section 8(b) hereof. The Corporation
shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with
acting pursuant to Section 8(b) hereof, and the Corporation shall pay all reasonable fees and expenses incident to the procedures
of this Section 8(c), regardless of the manner in which such Independent Counsel was selected or appointed. Upon the due commencement
of any judicial proceeding pursuant to Section 11(a)(iii) of this Agreement, Independent Counsel shall be discharged and relieved
of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

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9.           Presumptions
and Effect of Certain Proceedings.

 

(a)          If
a Change of Control shall have occurred, 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
if Indemnitee has submitted a request for indemnification in accordance with Section 8(a) of this Agreement, and the Corporation
shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any
determination contrary to that presumption.

 

(b)          If
the person, persons or entity empowered or selected under Section 8 of this Agreement to determine whether Indemnitee is entitled
to indemnification shall not have made a determination within 60 days after receipt by the Corporation of the request therefor,
the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled
to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary
to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition
of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time,
not to exceed an additional 30 days, if the person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto;
and provided, further, that the foregoing provisions of this Section 9(b) shall not apply (i) if the determination of entitlement
to indemnification is to be made by the stockholders pursuant to Section 8(b) of this Agreement and if (A) within 15 days after
receipt by the Corporation of the request for such determination the Board of Directors has resolved to submit such determination
to the stockholders for their consideration at an annual meeting thereof to be held within 75 days after such receipt and such
determination is made thereat, or (B) a special meeting of stockholders is called within 15 days after such receipt for the purpose
of making such determination, such meeting is held for such purpose within 60 days after having been so called and such determination
is made thereat; or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to
Section 8(b) of this Agreement.

 

(c)          The
termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner
which he reasonably believed to be in or not opposed to the best interests of the Corporation or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

10.          Notification
and Defense of Claim. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will,
if a claim in respect thereof is to be made against the Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Indemnitee otherwise
than under this Agreement. With respect to any Proceeding as to which Indemnitee notifies the Corporation of the commencement thereof:

 

(a)          the
Corporation will be entitled to participate therein at its own expense;

 

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(b)          Except
as otherwise provided below, to the extent that it may wish, the Corporation jointly with any other indemnifying party similarly
notified will be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from
the Corporation to Indemnitee of its election to assume the defense thereof, the Corporation will not be liable to Indemnitee under
this Agreement for any Expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable
costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ his or her own counsel in such
Proceeding, but the Expenses associated with the employment of such counsel incurred after notice from the Corporation of its assumption
of the defense thereof shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized
by the Corporation, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Corporation
and Indemnitee in the conduct of the defense of such Proceeding or (iii) the Corporation shall not in fact have employed counsel
to assume the defense of such Proceeding, in each of which cases the Expenses of Indemnitee’s separate counsel shall be at
the expense of the Corporation. The Corporation shall not be entitled to assume the defense of any Proceeding brought by or on
behalf of Corporation or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and

 

(c)          Provided
there has been no Change of Control, the Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts
paid in settlement of any Proceeding effected without its written consent, which consent shall not be unreasonably withheld. The
Corporation shall be permitted to settle any Proceeding except that it shall not settle any Proceeding in any manner that would
impose any penalty, out-of-pocket liability, or limitation on Indemnitee without Indemnitee’s written consent.

 

11.         Remedies
of Indemnitee.

 

(a)          In
the event that (i) a determination is made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 7 of this Agreement, (iii) the determination
of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) of this Agreement and such determination
shall not have been made and delivered in a written opinion within 90 days after receipt by the Corporation of the request for
indemnification, or (iv) payment of indemnification is not made within 20 days after a determination has been made that Indemnitee
is entitled to indemnification or such determination is deemed to have been made pursuant to Section 8 or 9 of this Agreement,
Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Nevada, or in any other court of competent
jurisdiction, of his entitlement to such indemnification of advancement of Expenses.

 

(b)          In
the event that a determination shall have been made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding commenced pursuant to this Section 11 shall be conducted in all respects as a de novo
trial on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. If a Change of Control shall
have occurred, in any judicial proceeding commenced pursuant to this Section 10 the Corporation shall have the burden of proving
that Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be.

 

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(c)          If
a determination shall have been made or deemed to have been made pursuant to Section 8 or 9 of this Agreement that Indemnitee is
entitled to indemnification, the Corporation shall be bound by such determination in any judicial proceeding commenced pursuant
to this Section 11, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to
make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition
of such indemnification under applicable law.

 

(d)          The
Corporation shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 11 that the procedures
and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Corporation
is bound by all the provisions of this Agreement.

 

(e)          In
the event that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication to enforce his rights under, or to recover
damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Corporation, and shall be indemnified by
the Corporation against, any and all expenses (of the types describe in the definition of Expenses in Section 2 of this Agreement)
actually and reasonably incurred by him in such judicial adjudication, but only if he prevails therein. If it shall be determined
in said judicial adjudication that Indemnitee is entitled to receive part but not all of the indemnification or advancement or
expenses sought, the expenses incurred by Indemnitee in connection with judicial adjudication shall be appropriately prorated.

 

12.          Non-Exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a)          Notwithstanding
any other provision of this Agreement, the Corporation hereby agrees to indemnify the Indemnitee to the full extent permitted by
law, whether or not such indemnification is specifically authorized by the other provisions of this Agreement, the Corporation's
Articles of Incorporation, the Bylaws, or by statute. In the event of any changes, after the date of this Agreement, in any applicable
law, statute, or rule that expand the right of a Nevada corporation to indemnify a member of its board of directors or any officer,
such changes shall be, ipso facto, within the purview of Indemnitee's rights, and the Corporation's obligations,
under this Agreement. In the event of any changes in any applicable law, statute, or rule that narrow the right of a Nevada corporation
to indemnify a member of its board of directors or any 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.

 

(b)          The
indemnification provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be entitled
under the Articles of Incorporation, the Bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of
the State of Nevada, or otherwise, both as to action in his official capacity and as to action in another capacity while holding
such office.

 

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(c)          To
the extent that the Corporation maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, agents or fiduciaries of the Corporation or of any other corporation, partnership, limited liability company, joint
venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Corporation, Indemnitee
shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available
for any such director, officer, employee or agent under such policy or policies.

 

(d)          In
the event of any payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Corporation to bring suit to enforce such rights.

 

(e)          The
Corporation shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to
the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

13.         Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) 10 years after the date that Indemnitee
shall have ceased to serve as a director, or (b) the final termination of all pending Proceedings in respect of which Indemnitee
is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant
to Section 11 of this Agreement relating thereto.

 

14.         Exception
to Right of Indemnification or Advancement of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee shall
not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim
therein, brought or made by him against the Corporation.

 

15.         Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for
some or a portion of the Expenses, judgments, fines or penalties actually and reasonably incurred by him in the investigation,
defense, appeal or settlement of any Proceeding, but not, however, for the total amount thereof, the Corporation shall nevertheless
indemnify Indemnitee for the portion of such Expenses, judgments, fines or penalties to which Indemnitee is entitled. Moreover,
notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise
in defense of any or all claims, issues or matters relating in whole or in part to an indemnifiable event, occurrence or matter
hereunder, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection with
such defenses.

 

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16.         Effect
of Federal Law. Both the Corporation and the Indemnitee acknowledge that in certain instances, federal law will override Nevada
law and prohibit the Corporation from indemnifying its officers and directors. For example, the Corporation and Indemnitee acknowledge
that the Securities and Exchange Commission has taken the position that indemnification is not permissible for liabilities arising
under certain federal securities law, and federal law prohibits indemnification for certain violations of the Employee Retirement
Income Security Act of 1974, as amended.

 

17.         Saving
Clause. Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to
do any act in violation of applicable law. The provisions of this Agreement (including any provision within a single section, paragraph
or sentence) shall be severable in accordance with this Section 17. If this Agreement or any portion thereof shall be invalidated
on any ground by any court of competent jurisdiction, the Corporation shall nevertheless indemnify Indemnitee as to Expenses, judgments,
fines and penalties with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that
shall not have been invalidated or by any other applicable law, and this Agreement shall remain enforceable to the fullest extent
permitted by law.

 

18.         Notice.
All notices, request, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or
(ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed.

 

(a)          If
to Indemnitee, to:

 

Qayed Shareef

26050 Acero, Suite
315

Mission Viejo, CA,
92691

 

(b)          If
to the Corporation to:

 

Mimvi, Inc.

440 North Wolfe Road

Sunnyvale, California 94085

Attn: Chief Executive Officer

 

or such address as may have been furnished
to Indemnitee by the Corporation or to the Corporation by Indemnitee, as the case may be.

 

19.         Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall constitute the original.

 

20.         Applicable
Law. This Agreement shall be governed by and construed in accordance with the substantive laws of the State of Nevada without
giving effect to its rules of conflicts of laws.

 

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21.         Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and their respective
successors and assigns (including any direct or indirect successors by purchase, merger, consolidation or otherwise to all or substantially
all of the business and/or assets of the Corporation), spouses, heirs, and personal and legal representatives.

 

22.         Subsequent
Instruments and Acts. The parties hereto agree that they will execute any further instrument and perform any acts that may
become necessary from time to time to carry out the terms of this Agreement.

 

23.         Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

24.         Notice
by Indemnitee. Indemnitee agrees promptly to notify the Corporation in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other documents relating to any Proceeding or matter which may be subject to Indemnification
or advancement of Expenses covered hereunder.

 

25.         Miscellaneous.
Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

IN WITNESS WHEREOF,
the parties hereby have caused this Agreement to be duly executed and signed as of the day and year first above written.

 

	 	Mimvi, Inc., a Nevada corporation
	 	 
	 	By:	/s/ Kevin
    Conner
	 	 	Kevin Conner, Chief Financial Officer
	 	 
	 	INDEMNITEE:
	 	 
	 	/s/ Qayed
    Shareef
	 	Qayed Shareef

 

    	11CONSULTING AGREEMENT

 

This Consulting Agreement
(the “Agreement”) is made as of July 1, 2013, by and between MIMVI Inc, a Delaware corporation (“Client”),
and Michael Poutre (“Consultant”). In consideration of the respective covenants, representations, and warranties contained
in this Agreement and other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge,
the parties agree as follows:

 

Article
I.

Engagement of Consultant

 

Section 1.01 Engagement
of Consultant. Client hereby engages Consultant to render consulting services to aid in the transition of the new management
into their roles as directors of a public company and to aid in the fundraising efforts of the company with respect to costs related
to the acquisition of Adaptive Media. As such, Consultant will familiarize itself to the extent it deems necessary and appropriate
with the business, operations, condition (financial and otherwise) and prospects of Client and will provide advice on the capital
structure of Client, financing options, types of financial instruments to be offered, and the likely market segment that the financial
instruments are suitable. Consultant may identify possible investors interested in providing capital to Client or otherwise participating
in a Transaction (as defined below) pursuant to terms to be negotiated by and among such possible investors and Client (without
the involvement of Consultant), and, at the option of Consultant, will provide consulting services with respect to any Transaction.
If Consultant, after becoming familiar with potential transactions of Client, declines to render advice to Client with respect
to a particular Transaction, Consultant shall not enter into any other engagement with a third party with respect to such Transaction.
Client understands that no particular result is promised or can be guaranteed by Consultant in rendering the services for any particular
matter or with respect to any Transaction. Consultant undertakes to render the services competently and with professional skill.
Client will provide Consultant with such factual information and materials as Consultant may require performing such consulting
services. Client shall determine the scope of the work to be performed, but after having agreed to perform such services, Consultant
shall determine the means, manner and method of performing these services. For purposes of this Agreement, a “Capital
Transaction” shall mean any private placement of any securities of Client (including debt, equity or any derivative or
convertible securities) with investors identified by Consultant and any other investors who participate in such transaction through
the direct or indirect efforts of Consultant (“Consultant Identified Investors”). For purposes of this Agreement,
an “M&A Transaction” shall mean (a) any acquisition of outstanding capital stock or control of the outstanding
capital stock or all or substantially all of the assets of companies made by Client by one or more Consultant Identified Investors
or (b) any merger, consolidation, tender or exchange offer, leveraged buyout, acquisition or sale of substantially all of Client’s
assets or equity interests, recapitalization involving the distribution of cash, securities or property to Client’s equity
holders or similar transactions involving all or a substantial part of the business, assets or equity interests of Client and/or
its affiliates in one or more transactions. A “Transaction” shall mean any Capital Transaction or M&A Transaction
and any additional matters identified in advance and mutually agreed to in writing by Consultant and Client. In
addition, to these services, Consultant may assist in creating, editing and/or advertising the corporate profile and fact sheets.
Consultant undertakes to render the services competently and with professional skill.  Client will provide Consultant
with such factual information and materials as Consultant may require to perform such consulting services. Opinion. The
Client shall furnish Consultant with an opinion of legal counsel to remove the restrictive legend at no cost to Consultant within
7 days of the request.

 

    	 

    	 

    

 

Section 1.02 Broker
or Dealer; Investment Advisor Status.

 

(a) Consultant is
not (i) a registered “broker” (“Broker”) or “dealer” (“Dealer”) as
such terms are defined in Section 3(a)(4) and 3(a)(5) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or (ii) an investment adviser (“Investment Advisor”), as such term is defined in Section 202(a)(11)
of the Investment Advisors Act of 1940, as amended, and will not act to effect any transactions in securities for the account of
Client. With respect thereto and notwithstanding anything set forth herein to the contrary, in connection with any Transaction,
Consultant shall not carry out any activity or function that (i) may be traditionally performed by or otherwise be deemed to include
those of (A) a Broker, Dealer or Investment Adviser or (ii) would require Consultant to register itself as a Broker, Dealer, or
Investment Advisor. In particular, Consultant shall not do, cause to be done or otherwise participate, directly or indirectly,
in any of the following on behalf of Client: (a) participate in the negotiation of terms and conditions of the sale and purchase
of any securities of Client; (b) assist Client in the distribution of materials relating to the sale of any securities of Client;
(c) prepare any analysis or provide any advice to any potential investors regarding the benefits or potential return relating to
the purchase of any securities of Client; (d) directly assist Client or any prospective investor of securities of Client with the
completion of a Transaction; (e) facilitate the sale, exchange or transfer of securities of Client or any handling of any funds
received from the potential investors for any securities of Client, (f) discuss the details of a proposed Transaction with a potential
investor, or (g) make recommendations to a potential investor with respect to a Transaction.

 

(b) Client understands
and agrees that Consultant may retain a Broker, Dealer or Investment Advisor to assist Consultant in certain aspects of a Transaction.
In addition, Client understands and agrees that if Client requests Consultant to undertake services causing Consultant to become
or to be deemed a Broker, Dealer or Investment Advisor, then investors might have a right of rescission or an action for damages
with respect to Transactions in which Consultant is deemed to be a Broker, Dealer or Investment Advisor.

 

Article
II.

Term; Termination

 

Section 2.01  Term.
The term of this Agreement shall commence on the date hereof and shall continue until the four (4) month anniversary of the date
set forth above (the “Initial Term”). This Agreement will automatically renew for unlimited consecutive 30 day
periods unless either party provides written notice of non-renewal to the other party at least thirty (30) days prior to the expiration
of the Initial Term or any renewal period thereafter as the case may be (the Initial Term and such renewal period, if any, shall
be referred to herein as the “Term”).

 

    	-2-

    	 

    

 

Section 2.02  Termination.
Upon termination of this Agreement, except as otherwise provided herein, Client’s sole responsibility to Consultant shall
be to pay Consultant for any unpaid expenses, fees or other consideration earned pursuant to this Agreement.

 

 

Article
III.

Compensation; Reimbursement

 

Section 3.01  Signing
Fee. Within five (5) business days after executing this Agreement, Client shall issue to Consultant 500,000 shares of its common
stock, $0.0001 par value per share, and 500,000 warrants with a 3 year expiration period. The Consultant shall have the right to
allocate this ownership stake as it finds necessary in the course of providing services for Client.

 

Section 3.02  Additional
Payments. Consultant will be paid $15,000.00 per month for each month of service.

 

Section 3.03 Expenses.
Client shall reimburse Consultant for all reasonable costs and expenses that are incurred by or on behalf of Consultant in carrying
out its duties or obligations under this Agreement and that Client has approved in advance in writing. Consultant’s invoices
for approved costs and expenses shall be payable by Client within thirty (30) days of Client’s receipt of such invoices.

 

Section 3.04 Registration
of Securities. Consultant agrees that it shall not affect any public sale or distribution of equity securities of Client or
any securities convertible into or exchangeable or exercisable for such securities for six months. If Client has a registration,
Client and Consultant will determine together whether the Consultant will participate in the offering.

 

Section 3.05  No
Reduction Due to Other Advisors. No fee payable to any other advisor either by Client or any other entity shall reduce or otherwise
affect the compensation, fees, payments or reimbursements payable hereunder to Consultant.

 

Article
IV.

Work PRODUCT

 

Consultant shall promptly
and fully disclose to Client in writing all Work Product (as defined below), and the entire right, title and interest to all such
Work Product (including, without limitation the entire right, title and interest to any renewals, reissues, extensions, substitutions,
continuations, continuations in part, or divisions that may be filed with respect to the Work Products) shall be Client’s
exclusive property and all Work Products developed by Consultant are hereby assigned to Client. Consultant will, at Client’s
expense, give Client all assistance reasonably required to perfect, protect, and use the Work Products. The obligations of Consultant
pursuant to this Article IV shall survive for the one (1) year period immediately following termination of this Agreement. As used
herein, “Work Product” means any work product, improvement, discovery, design, work or idea (whether patentable
or not and including those which may be subject to copyright protection, trademark protection or other intellectual property rights
protection) generated, conceived, created or reduced to practice by Consultant alone or in conjunction with others, during or after
working hours, that relates directly or indirectly to Client’s or its subsidiaries’ businesses or to Client’s
actual research or development.

 

    	-3-

    	 

    

 

Article
V.

ACCURACY OF DISCLOSURE

 

Client agrees to cooperate
with Consultant and will furnish to, or cause to be furnished to, Consultant all information and data concerning Client (the “Information”)
that Consultant reasonably deems appropriate in connection with the services to Client as provided herein and will provide Consultant
with access to Client’s officers, directors, employees and advisors. Client represents and warrants that all Information
made available to Consultant by Client with respect to any Transaction included or incorporated by reference into a related private
placement memorandum or prospectus will be complete and correct in all material respects as of the date such Information is provided,
and as of the closing date of the related Transaction, and will not be misleading or violate the anti-fraud provisions of the Exchange
Act in any material respect, and that any projections, forecasts or other Information provided by Client to Consultant will have
been prepared in good faith and will be based upon reasonable assumptions and projections. Client agrees to promptly notify Consultant
if Client believes that any Information that was previously provided to Consultant has become materially misleading. Client acknowledges
and agrees that in rendering its services hereunder, Consultant will be using and relying on the Information (and information available
from public sources and other sources deemed reliable by Consultant) without independent verification thereof or independent appraisal
or evaluation of Client or any party to a Transaction. Consultant does not assume responsibility for the accuracy or completeness
of the Information. If all or any portion of the business of Client is engaged in through subsidiaries or other affiliates, the
references in this paragraph to Client will, when appropriate, be deemed also to include all such subsidiaries or other affiliates.

 

Article
VI.

indemnification

 

Client agrees to indemnify
and hold harmless Consultant and its affiliates and their respective directors, officers, managers, attorneys, finders, agents,
representatives, advisors, stockholders, members and employees, and each person, if any, who controls Consultant within the meaning
of the Securities Act of 1933, as amended (the “Securities Act”) and the Exchange Act (collectively, the “Consultant
Indemnified Parties”) in accordance with the provisions for indemnification and contribution set forth in Attachment
“A” hereto, which is incorporated by reference in and made a part of this Agreement as if fully set forth herein.

 

Article
VII.

PUBLICITY

 

With the prior written
consent of Client, which shall not be unreasonably withheld, Consultant shall have the right to place advertisements in mailings
and financial and other newspapers and journals at its own expense describing its services hereunder to Client relating to any
consummated Transaction and using Client’s logo, slogan, trademark, and/or service mark.

 

    	-4-

    	 

    

 

Article
VIII.

Confidentiality; MATERIAL NONPUBLIC INFORMATION

 

Section 8.01  Restrictions
on Consultant. Consultant recognizes that its relationship with Client will give it access to non-public proprietary information,
confidential information and trade secrets. Consequently, during the Term of this Agreement and for a one (1) year period immediately
thereafter, Consultant will not use or disclose for itself or for others (except persons specifically designated by Client) any
Confidential Information. “Confidential Information” shall include but not be limited to, any information concerning
Client’s processes, products, services, inventions, purchasing, accounting, marketing, selling methods and techniques, research
and development, computer programs, purchasing information, ideas and plans for development, historical financial data and forecasts,
long range plans and strategies, customer lists, Information and any other information related to Client’s customers, and
any such other information concerning the business of Client or its manner of operation that is not generally known in the industry.
Confidential Information shall not include any information that: (a) is or subsequently becomes publicly available without Consultant’s
breach of this Agreement; (b) was in the Consultant’s possession at the time of disclosure and was not acquired from Client;
(c) is received from third parties, and is rightfully in the possession of such third parties and not subject to a confidentiality
obligation of third parties; (d) is required by law to be disclosed (with prior notice to Client); or (e) is intentionally disclosed
without restriction by Client to a third party.

 

Section 8.02 Regulation
FD Disclosure. Notwithstanding anything to the contrary contained herein, Client shall not, and shall cause each of its subsidiaries
and each of their respective officers, directors, employees and agents, not to, provide Consultant with any material, nonpublic
information regarding the Company or any of its subsidiaries without the express written consent of Consultant. In the event of
a breach of the foregoing covenant by Client, and provided that Client shall have failed (following proper written request therefor)
to make an appropriate public disclosure consistent with the requirements of Regulation FD, Consultant shall have the right to
make a public disclosure, in the form of a press release, public advertisement or otherwise, of such material, nonpublic information
without the prior approval by Client. Consultant shall not have any liability to Client for any such disclosure.

 

Section 8.03 Restrictions
on Client. Client agrees that any advice or communication, written or oral, provided by Consultant pursuant to this Agreement
will be treated by Client as confidential, will be solely for the information and assistance of Client in connection with its consideration
of a Transaction and will not be used, circulated, quoted or otherwise referred to for any other purpose, nor will it be filed
with, included in or referred to, in whole or in part, in any registration statement, proxy statement or any other communication,
whether written or oral, prepared, issued or transmitted by Client or any affiliate, director, officer, employee, agent or representative
of any thereof, without, in each instance, Consultant’s prior written consent. Client further agrees that it will not disclose
the identity of Consultant, the existence of this Agreement or the engagement created hereby or Consultant’s role with respect
to any Transaction without the prior written consent of Consultant, other than as may be required by applicable law or regulations,
including any requirements imposed under the Securities Act or the Exchange Act; provided, that in the event such disclosure is
required under applicable law or regulation, Client shall notify Consultant and provide Consultant with an opportunity to review
and provide comments with respect to such proposed disclosure not less than two (2) business days prior to making such disclosure;
provided, further, that if Consultant fails to respond to Client within two (2) business days of receipt of such proposed disclosure,
Consultant shall be deemed to have consented to such proposed disclosure and waived its right to review and provided comments with
respect to such disclosure.

 

    	-5-

    	 

    

 

Section 8.04 Third
Party Information. Client recognizes that Consultant has received, and in the future may receive, from third parties their
confidential or proprietary information subject to a duty on the Consultant’s part to maintain the confidentiality of such
information and to use it only for certain limited purposes. Consultant agrees at all times during the Term of this Agreement,
not to commingle the Confidential Information with other third parties’ confidential or proprietary information.

 

Section 8.05 Surrender
of Material upon Termination of Agreement. Upon termination of this Agreement, Client shall have the right to demand, in writing,
that the Consultant return to Client all Work Products including, but not limited to, books, records, notes, data and information
relating to Client or its business, and will so certify in writing that it has done so.

 

Article
IX.

Conflict WAIVER

 

Client acknowledges
that Consultant and its affiliates have and will continue to have other relationships with parties other than Client pursuant to
which Consultant may acquire information of interest to Client. Consultant shall have no obligation to disclose such information
to Client, or to use such information in connection with any contemplated Transaction. Client recognizes that Consultant is being
engaged hereunder to provide the consulting services described above only to Client and is not acting as an agent or a fiduciary
of, and shall have no duties or liability to, the equity holders of Client or any third party in connection with its engagement
hereunder, all of which are hereby expressly waived. No one other than Client (and such other parties in such capacities, if any)
is authorized to rely upon the engagement of Consultant hereunder or any statements, advice, opinions or conduct by Consultant.

 

Article
X.

Miscellaneous.

 

Section 10.01 Notices.
Any notices desired, required or permitted to be given hereunder shall be delivered personally or mailed, certified or registered
mail, return receipt requested, or delivered by overnight courier service, to the following addresses, or such other addresses
as shall be given by notice delivered hereunder, and shall be deemed to have been given upon delivery, if delivered personally,
three (3) business days after mailing, if mailed, or one (1) business day after timely delivery to the overnight courier service,
if delivered by overnight courier service:

 

    	-6-

    	 

    

 

(a)  If to Consultant:

 

Attn. Michael Poutre

mpoutre@mimvi.com

Mtnclimber47@gmail.com

 

(b) If to Client:

 

Email;

Attn: Qayed Shareef

 

or to such other address as such party may indicate by a written
notice delivered to the other party hereto.

 

Section 10.02 Governing
Law; Jurisdiction. It is the intention of the parties that this Agreement shall be subject to and shall be governed by and
construed in accordance with the internal laws of the State of New York, without reference to its choice of law provisions. All
actions and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in any New York
court sitting in New York, New York (Borough of Manhattan). The parties hereby (a) submit to the exclusive jurisdiction of any
such court for the purpose of any claim, action, suit, proceeding, arbitration, mediation or investigation (an “Action”)
arising out of or relating to this Agreement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by
way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the
above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient
forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced
in or by any of the above-named courts. If any party to this Agreement brings an action or proceeding directly or indirectly based
upon this Agreement or the matters contemplated hereby against another party, the prevailing party shall be entitled to recover,
in addition to any other appropriate amounts, its reasonable costs and expenses in connection with such action or proceeding, including,
but not limited to, reasonable attorneys’ fees and court costs.

 

Section 10.03 Entire
Agreement. This Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and supersedes
and cancels any prior communications, understandings and agreements between the parties with respect to the subject matter contemplated
herein.

 

Section 10.04 Amendment;
Waiver. This Agreement may not be amended or modified except by a writing executed by both of the parties hereto. The waiver
by any party hereto of any breach of any provision hereunder shall not operate or be construed as a waiver of any prior or subsequent
breach of the same or any other provision hereunder.

 

Section 10.05 Assignability.
Neither party to this Agreement may assign its rights and obligations under this Agreement without the prior written consent of
the other party.

 

Section 10.06 Binding
Effect. This Agreement and any amendment thereto, shall be binding upon and shall inure to the benefit of the successors and
assignees of the parties hereto.

 

    	-7-

    	 

    

 

Section 10.07 Relationship.
Nothing in this Agreement shall be interpreted to provide that Consultant and Client are partners, joint venturers, agents or assignees
of the other. Consultant is and shall remain an independent contractor providing services to Client, and is not an employee or
agent of Client, and neither party shall be entitled to bind the other party in any way.

 

Section 10.08 Headings.
The section headings herein are intended for reference and shall not by themselves determine the construction or interpretation
of this Agreement.

 

Section 10.09 Severability.
Should a court or other body of competent jurisdiction determine that any provision in this Agreement is invalid or unenforceable,
the remaining provisions in this Agreement nevertheless shall be deemed valid and enforceable, and continue in full force and effect
without being impaired or invalidated in any way.

 

Section 10.10 Further
Assurances. The parties shall execute, acknowledge and deliver any further documents, instruments, or other assurances and
shall take any other action consistent with the terms of this Agreement that may be reasonably requested by any other party or
its counsel for the purpose of confirming or effectuating any of the actions contemplated by this Agreement.

 

Section 10.11 Remedies
Cumulative. Any termination of this Agreement shall be without prejudice to any right or remedy to which a party may be entitled
either by law, or in equity, or under this Agreement.

 

Section 10.12 Survival.
Notwithstanding any termination of this Agreement, Section 2.02 and Articles III, IV, VI, VIII and this Article X shall survive
and remain in full force and effect.

 

Section 10.13 Counterparts.
This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and the same Agreement.

 

[Signature Page Follows]

 

    	-8-

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement on the date first set forth above.

 

	 	 
	 	 
	 	By: 	/s/ Michael Poutre
	 	 	Name: Michael Poutre
	 	 	 
	 	 	 
	 	By:	/s/ Qayed Shareef
	 	 	Name: Qayed Shareef
	 	 	Title: CEO

 

    	-9-

    	 

    

 

Attachment “A”

 

Indemnification and Contribution

 

Client shall indemnify
and hold harmless Consultant and each of its controlling persons, subsidiaries, affiliates, directors, officers, and employees
(“Indemnified Persons”), from and against all losses, claims, damages and liabilities, and all suits, actions,
claims, proceedings and investigations in respect thereof, relating to or arising out of the activities contemplated by Consultant’s
engagement described in the Consulting Agreement to which this Attachment “A” is attached. The foregoing shall include
the reasonable expenses incurred by Consultant and Indemnified Persons in appearing as witnesses or being deposed, producing documents
or otherwise being involved in any suits, actions, proceedings or investigations. Client shall reimburse Consultant and each Indemnified
Person for all reasonable expenses, including attorneys’ fees and disbursements, as they are incurred in connection with
investigating, preparing for or defending any suit, action, proceeding or investigation, whether or not Consultant or such Indemnified
Person shall be a party thereto, whether or not the same shall involve or result in any liability on the part of Consultant or
such Indemnified Person; provided that Client shall advance such expenses only upon receipt of an undertaking by Consultant or
such person to repay such advances if it shall ultimately be determined that Consultant or such person was not entitled to be indemnified.
Notwithstanding the forgoing, Client shall not, however, be obligated to indemnify Consultant or any Indemnified Person in respect
of any loss, claim, damage, liability or expense to the extent the same is found by a final judgment of a court of competent jurisdiction
to have resulted from gross negligence, willful misconduct or bad faith on the part of Consultant or such Indemnified Person. Consultant
shall have no liability to Client for any loss, claim, damage, liability or expense related to or arising out of the activities
contemplated by Consultant’s engagement, except to the extent such loss, claim, damage, liability or expense is found by
a final judgment of a court of competent jurisdiction to have resulted from gross negligence, willful misconduct or bad faith on
the part of Consultant.

 

If any suit, action,
claim, proceeding or investigation is instituted against Consultant or any Indemnified Person aforesaid in respect of which indemnification
may be sought hereunder, Consultant or such person shall promptly notify Client thereof in writing, but the omission so to notify
Client shall not relieve Client from any liability except to the extent Client shall have been materially prejudiced by such omission.
Neither Consultant nor any Indemnified Person shall be required to provide notice to Client with respect to any suit, action or
proceeding in which Client is named a defendant. Client shall be entitled to assume the defense of any suit, action or proceeding
with counsel reasonably satisfactory to Consultant; provided, however, that if the defendants in any such suit, action
or proceeding include both Consultant or an Indemnified Person and Client or another indemnified person, and counsel for Consultant
or such Indemnified Person shall have advised in writing that a conflict or potential conflict exists between Consultant or such
Indemnified Person and Client or another indemnified person, or that there may be one or more legal defenses available to Consultant
or an Indemnified Person that are different from or additional to those available to Client or another indemnified person, then
Client shall not have the right to assume the defense of such suit, action or proceeding on behalf of Consultant or such Indemnified
Person, and Consultant and such Indemnified Person shall have the right to select separate counsel to defend such suit, action
or proceeding on its behalf, with costs to be borne by Client. Subject to the foregoing, Client shall not be liable for the expenses
of more than one separate counsel (in addition to local counsel) for Consultant and all Indemnified Persons similarly situated
in any one suit, action or proceeding or substantially similar suits, actions or proceedings in the same jurisdiction arising out
of the same general allegations or circumstances. Client shall not be liable for the settlement of any suit, action, claim or proceeding
by Consultant or any Indemnified Person without Client’s prior written consent. Client agrees that it shall not settle any
suit, action, claim or proceeding relating to or arising out of the activities contemplated by Consultant’s engagement, unless
such settlement includes a provision unconditionally releasing Consultant and each Indemnified Person from all liabilities in respect
of the matters which are the subject of such suit, action claim or proceeding. The provisions hereof are in addition to all other
existing rights to indemnification on the part of Consultant and each Indemnified Person aforesaid, and shall survive any termination
of Consultant’s engagement hereunder.

 

    	A-1

    	 

    

 

In order to provide
for just and equitable contribution, if a claim for indemnification hereunder is made, but it is found in a final judgment of a
court of competent jurisdiction that such indemnification may not be enforced in such case, even though the express provisions
hereof provide for indemnification in such case, then Client, on the one hand, and Consultant, on the other hand, shall contribute
to the amounts paid, payable or suffered in respect of the losses, claims, damages, liabilities or expenses for which indemnification
is unavailable or insufficient (i) in such proportion as appropriately reflects the relative benefits to Client, on the one hand,
and Consultant, on the other hand, from the transaction contemplated by Consultant’s engagement hereunder, or (ii) if the
allocation provided by clause (i) is not permitted by applicable law, in such proportion as appropriately reflects not only the
relative benefits referred to in clause (i), but also the relative faults of Client, on the one hand, and Consultant, on the other
hand, in connection with the statements, acts or omissions which resulted in such losses, claims, damages, liabilities or expenses,
as well as any other relevant equitable considerations. It is agreed that it would not be just or equitable if the contribution
provided for herein were determined by pro rata allocation or any other method which does not take into account the foregoing.
The relative benefits to Client and Consultant shall be deemed to be in the proportion which (A) the total amount to be paid by
Client from the transaction contemplated by Consultant’s engagement (whether or not consummated), bears to (B) the fees actually
received by Consultant for its engagement (excluding any amounts received in reimbursement of expenses). In no event shall Consultant’s
share of any liability be in excess of the fees actually received by Consultant for its engagement (excluding any amounts received
in reimbursement of expenses).

 

    	A-2

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