Document:

Exhibit 10.60

  

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION AGREEMENT (this “Agreement”)
is made and entered into this _8th day of February, 2018, by and between Actinium Pharmaceuticals, Inc., a Delaware corporation
(the “Corporation”), and Anil Kapur (“Indemnitee”).

 

RECITALS

 

WHEREAS, the Corporation,
which is organized under the General Corporation Law of the State of Delaware (as amended, the “DGCL”), wishes
to enter into this Agreement to set forth certain rights and obligations of the Indemnitee and the Corporation with respect to
the Indemnitee’s service as an officer of the Corporation;

 

WHEREAS, it is essential
to the Corporation that it be able to retain and attract as directors and officers the most capable persons available;

 

WHEREAS, increased
corporate litigation has subjected directors and officers to litigation risks and expenses, and the limitations on the availability
of directors and officers liability insurance have made it difficult for the Corporation to attract and retain such persons;

 

WHEREAS, the Board
of Directors of the Corporation (the “Board”) has determined that the difficulty in attracting and retaining
such persons is detrimental to the best interests of the Corporation’s stockholders and that the Corporation should contractually
obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable
law so that they will serve the Corporation free from undue concern that they will not be so indemnified;

 

WHEREAS, Indemnitee
performs a valuable service to the Corporation in Indemnitee’s capacity as an officer of the Corporation;

 

WHEREAS, the Corporation’s
Amended and Restated Bylaws (the “Bylaws”) include provisions providing for the indemnification of the directors
and officers of the Corporation, including persons serving at the request of the Corporation in such capacities with other corporations
or enterprises, as authorized by the DGCL;

 

WHEREAS, the Corporation’s
Certificate of Incorporation (the “Charter”), the Bylaws and the DGCL, by their nonexclusive nature, permit
contracts between the Corporation and its directors and officers with respect to indemnification of such persons;

  

WHEREAS, in recognition of Indemnitee’s
need for (a) substantial protection against personal liability as a condition to Indemnitee’s service to the Corporation
in Indemnitee’s capacity as an officer of the Corporation in addition to Indemnitee’s reliance on the Bylaws, which
Indemnitee believes is inadequate in the present circumstances, and (b) specific contractual assurance of Indemnitee’s rights
to full indemnification against risks and expenses (regardless of, among other things, any amendment to or revocation of the Charter
and/or the Bylaws, any change in the composition of the Corporation’s Board, or a change in control of the Corporation);

 

     

     

    

  

WHEREAS, the Corporation
intends that this Agreement provide Indemnitee with greater protection than that which is provided by the Bylaws; and

 

WHEREAS, in order
to induce Indemnitee to serve as an officer of the Corporation, the Corporation has determined and agreed to enter into this Agreement
with Indemnitee.

 

NOW, THEREFORE, in
consideration of Indemnitee’s service as an officer of the Corporation following the date hereof, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Corporation and Indemnitee hereby agree
as follows:

 

1.            
Indemnity of Indemnitee. The Corporation agrees to hold harmless and indemnify Indemnitee to the fullest extent authorized
or permitted by law, the provisions of the Charter, and the Bylaws, as the same may be amended from time to time (but, only to
the extent that such amendment permits the Corporation to provide broader indemnification rights than such law, the Charter, or
the Bylaws permitted prior to adoption of such amendment). For purposes of this Agreement, the meaning of the phrase “to
the fullest extent authorized or permitted by law” shall include, but not be limited to: (i) to the fullest extent authorized
or permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding
provision of any amendment to or replacement of the DGCL or such provision thereof; and (ii) to the fullest extent authorized or
permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to
which a corporation may indemnify its directors and officers.

 

2.            
Additional Indemnity. In addition to and not in limitation of the indemnification otherwise provided for herein, and subject
only to the exclusions set forth in Section 3 hereof, the Corporation further agrees to hold harmless and indemnify Indemnitee:

 

(a)            
against any and all (i) expenses (including attorneys’ fees), retainers, court costs, transcript costs, fees of experts,
witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees
and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, participating, or being or preparing to be a witness in any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, including any appeal thereof or related thereto (each, a “Proceeding”),
or responding to, or objecting to, a request to provide discovery in any Proceeding, (ii) damages, judgments, fines and amounts
paid in settlement and any other amounts that Indemnitee becomes legally obligated to pay (including any federal, state or local
taxes imposed on Indemnitee as a result of receipt of reimbursements or advances of expenses under this Agreement) and (iii) the
premium, security for, and other costs relating to any costs bond, supersedes bond, or other appeal bond or its equivalent, whether
civil, criminal, arbitrational, administrative or investigative with respect to any Proceeding (items under clauses, (i), (ii)
and (iii), collectively, the “Expenses”) actually and reasonably incurred by Indemnitee, or on Indemnitee’s
behalf, because of any claim or claims made against or by him in connection with any Proceeding, whether formal or informal (including
an action by or in the right of the Corporation), to which Indemnitee is, was or at any time becomes a party or a witness, or is
threatened to be made a party to, a participant in or a witness with respect to, by reason of the fact that Indemnitee is, was
or at any time becomes a director or officer of the Corporation, or is or was serving or at any time serves at the request of the
Corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise (“Corporate
Status”);

 

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(b)            against any and all Expenses actually and reasonably incurred by Indemnitee, or on Indemnitee’s behalf, if Indemnitee is,
or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Corporation to procure a judgment
in its favor;

 

(c)            against any and all Expenses actually and reasonably incurred by Indemnitee, or on Indemnitee’s behalf, if Indemnitee is,
by reason of his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party and is not threatened
to be made a party; and

 

(d)            otherwise to the fullest extent as may be provided to Indemnitee by the Corporation under the non-exclusivity provisions of the
DGCL, the Charter and the Bylaws.

 

3.            Limitations
on Additional Indemnity. No indemnity pursuant to Section 2 hereof shall be paid by the Corporation:

 

(a)            on account of any claim or Proceeding against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee
of securities of the Corporation pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as heretofore
or hereafter amended (the “Exchange Act”), or similar provisions of any federal, state or local law if the final,
non-appealable judgment of a court of competent jurisdiction finds Indemnitee to be liable for disgorgement under Section 16(b)
of the Exchange Act;

 

(b)            on account of Indemnitee’s conduct that is established by a final, non-appealable judgment of a court of competent jurisdiction
as knowingly fraudulent or deliberately dishonest or that constituted willful misconduct;

 

(c)            for which payment is actually made to Indemnitee under (i) a valid and collectible insurance policy, including under any policy
of insurance purchased and maintained on Indemnitee’s behalf by the Corporation or (ii) under a valid and enforceable indemnity
clause, bylaw, or agreement, including, but not limited to, an indemnity clause, bylaw, or agreement relating to another corporation,
partnership, joint venture, trust, or other enterprise for which Indemnitee is or was serving as a director or officer at the request
of the Corporation; provided, that indemnity pursuant to Section 2 hereof shall be paid by the Corporation in respect
of any excess beyond payment actually received by Indemnitee under such insurance policy, clause, bylaw or agreement;

 

(d)            
if and to the extent indemnification is contrary to law, either as a matter of public policy, or under the provisions of the Federal
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the DGCL, or any other applicable law; or

 

(e)            in connection with any Proceeding (or part thereof) initiated by Indemnitee, against the Corporation or its directors, officers,
employees or other agents, unless (i) such indemnification is expressly required to be made by law, (ii) the Corporation has joined
in the Proceeding (or relevant part thereof), (iii) the Board has consented to the initiation of such Proceeding, (iv) such indemnification
is provided by the Corporation, in its sole discretion, pursuant to the powers vested in the Corporation under the DGCL, or (v)
the Proceeding (or relevant part thereof) is initiated pursuant to Section 12 hereof.

 

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4.            
Continuation of Indemnity. All agreements and obligations of the Corporation contained herein shall continue during the
period Indemnitee is a director or officer of the Corporation (or is or was serving at the request of the Corporation as a director
or officer of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long
as Indemnitee shall be subject to any possible claim or threatened, pending or completed Proceeding, whether civil, criminal, arbitrational,
administrative or investigative, including any appeal thereof or relating thereto, in respect of which Indemnitee is granted rights
of indemnification or advancement of Expenses hereunder, in each case, by reason of the fact of the Indemnitee’s Corporate
Status.

 

5.            
Partial Indemnification. Indemnitee shall be entitled under this Agreement to indemnification by the Corporation for a portion
of the Expenses, judgments, fines and amounts paid in settlement and any other amounts that Indemnitee becomes legally obligated
to pay in connection with any Proceeding referred to in Section 2 hereof even if not entitled hereunder to indemnification
for the total amount thereof, and the Corporation shall indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

 

6.            
Notification and Defense of Claim. To obtain indemnification under this Agreement, Indemnitee shall submit to the Corporation
a written request therefor. As soon as practicable, and in any event, not later than thirty (30) days after Indemnitee becomes
aware, by written or other overt communication, of any pending or threatened litigation, claim or assessment, Indemnitee will,
if a claim for indemnification in respect thereof is to be made against the Corporation under this Agreement, notify the Corporation
of such pending or threatened litigation, claim or assessment; but the omission so to notify the Corporation will not relieve the
Corporation from any liability which it may have to Indemnitee otherwise under this Agreement, and any delay in so notifying the
Corporation shall not constitute a waiver by Indemnitee of any of Indemnitee’s rights under this Agreement. With respect
to any such pending or threatened litigation, claim or assessment as to which Indemnitee notifies the Corporation of the commencement
thereof:

 

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

 

(b)            except as otherwise provided below, the Corporation may, at its option and jointly with any other indemnifying party similarly
notified and electing to assume such defense, 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 legal or other expenses subsequently incurred by Indemnitee in connection with the defense
thereof except for reasonable costs of investigation or otherwise as provided below. Indemnitee shall have the right to employ
separate counsel in such Proceeding but the fees and expenses 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, and so notified the Corporation, that there
may be a conflict of interest between the Corporation and Indemnitee in the conduct of the defense of such action, or (iii) the
Corporation shall not in fact have employed counsel to assume the defense of Indemnitee in connection with such action; in any
of such cases the fees and 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 the Corporation or as to which Indemnitee
shall have made the conclusion provided for in clause (ii) above; and

 

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(c)            the Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action
or claim effected without the Corporation’s written consent, which consent shall not be unreasonably withheld, conditioned
or delayed. The Corporation shall not enter into any settlement in connection with a Proceeding in any manner which would impose
any Expenses, penalties (whether civil or criminal) or limitations on Indemnitee without Indemnitee’s written consent, which
may be given or withheld in Indemnitee’s sole and reasonable discretion.

 

7.             Expenses.
The Corporation shall advance, to the extent not prohibited by law, all Expenses actually and reasonably incurred by Indemnitee
in connection with any Proceeding promptly following request therefor, but in any event no later than twenty (20) days after the
receipt by the Corporation of a written statement or statements requesting such advances (which shall include invoices received
by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to
legal work performed or to expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall
not be included with the invoice) from time to time, whether prior to or after the final disposition of any Proceeding. The right
to advancement described in this Section 7 is vested. Advances shall be unsecured and interest free. Advances 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. The execution and delivery to the Corporation of this Agreement
shall constitute an undertaking by Indemnitee to the fullest extent required by law to repay all advances if and to the extent
that it is ultimately determined by a court of competent jurisdiction in a final, non-appealable judgment that Indemnitee is not
entitled to be indemnified by the Corporation, and Indemnitee shall qualify for advances immediately upon such execution and delivery.
The right to advances under this Section 7 shall in all events continue until final disposition of any Proceeding, including
any appeal therein.

 

8.             Contribution.

 

(a)             Whether or not the indemnification provided in Section 2 is available, in respect of any Proceeding in which the Corporation
is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Corporation shall pay, in the first instance,
the entire amount of any judgment or settlement of such Proceeding without requiring Indemnitee to contribute to such payment and
the Corporation hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Corporation shall
not enter into any settlement of any Proceeding in which the Corporation is jointly liable with Indemnitee (or would be if joined
in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee.

 

(b)             Without diminishing or impairing the obligations of the Corporation set forth in Section 8(a), if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed Proceeding
in which the Corporation is jointly liable with Indemnitee (or would be if joined in such Proceeding), the Corporation 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 Corporation and all officers, directors or employees of the
Corporation, 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 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 Corporation and all officers, directors or employees of the Corporation 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 events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other
equitable considerations which the law may require to be considered. The relative fault of the Corporation and all officers, directors
or employees of the Corporation, 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.

 

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(c)             The Corporation hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought
by officers, directors or employees of the Corporation, other than Indemnitee, who may be jointly liable with Indemnitee.

  

(d)            To the fullest
extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for
any reason whatsoever, the Corporation, in lieu of indemnifying Indemnitee, shall contribute to the amount actually and reasonably
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or
for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed
fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received
by the Corporation and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or
(ii) the relative fault of the Corporation (and its directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

 

9.              Presumptions
and Effect of Certain Proceedings.

 

(a)            
In making a determination with respect to Indemnitee’s entitlement to indemnification hereunder, the person, persons or entity
making such determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification
under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 6 hereof. If the
Corporation contests any claim or assertion that Indemnitee is entitled to indemnification hereunder, the Corporation shall, to
the fullest extent not prohibited by law, have the burden of proof to overcome such presumption in connection with the making by
such person, persons, or entity of any determination with respect to Indemnitee’s entitlement to indemnification.

 

(b)            
Without limiting the foregoing, if any Proceeding is disposed of on the merits or otherwise (including a disposition without prejudice),
without (i) the final disposition being adverse to Indemnitee, (ii) a final adjudication by a court of competent jurisdiction that
Indemnitee was liable to the Corporation, (iii) a plea of guilty (iv) a final adjudication by a court of competent jurisdiction
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 Corporation, or (v) with respect to any criminal proceeding, a final adjudication by a court of competent jurisdiction 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.

 

(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 or she 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 such Indemnitee’s conduct was unlawful.

 

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(d)            
For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith to the extent Indemnitee
relied in good faith on (i) the records or books of account of the Corporation, including financial statements , (ii) information
supplied to Indemnitee by the officers of the Corporation in the course of their duties, (iii) the advice of legal counsel for
the Corporation or its Board or counsel selected by any committee of the Board or (iv ) information or records given or reports
made to the Corporation by an independent certified public accountant, an appraiser, investment banker or other expert selected
with reasonable care by the Corporation or its Board or any committee of the Board.

 

10.       
   Information Sharing. To the extent that the Corporation receives a request or requests from a
governmental third party or other licensing or regulating organization (the “Requesting Agency”), whether
formal or informal, to produce documentation or other information concerning an investigation, whether formal or informal,
being conducted by the Requesting Agency, and such investigation is reasonably likely to include review of any actions or
failures to act by Indemnitee, the Corporation shall promptly give notice to Indemnitee of said request or requests and any
subsequent request. In addition, the Corporation shall provide Indemnitee with a copy of any and all information or
documentation that the Corporation shall provide to the Requesting Agency.

 

11.           
No Imputation. The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Corporation
or the Corporation itself shall not be imputed to Indemnitee for purposes of determining any rights under this Agreement.

 

12.           
Enforcement.

 

(a)             Any
right to indemnification or advances granted by this Agreement to Indemnitee shall be enforceable by or on behalf of Indemnitee
in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, (ii) no
disposition of such claim is made within ninety (90) days of request therefor; (iii) advancement of Expenses is not timely
made pursuant to Section 7, (iv) payment of indemnification pursuant to this Agreement is not made within ten (10) days
after a determination has been made that Indemnitee is entitled to indemnification, or (v) the Corporation or any other person
or entity takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or
other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to
Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by the Delaware Court of Chancery of Indemnitee’s entitlement
to such indemnification or advancement of Expenses, and the Corporation shall not oppose Indemnitee’s right to seek any such
adjudication in accordance with this Agreement. Indemnitee, in such enforcement action, if successful in whole or in part, shall
be entitled to be paid also the Expenses of prosecuting Indemnitee’s claim. It shall be a defense to any action for which
a claim for indemnification is made under Section 2 hereof (other than an action brought to enforce a claim for advance
or reimbursement of Expenses under this Agreement, provided that the required undertaking has been tendered to the Corporation)
that Indemnitee is not entitled to indemnification because of the limitations set forth in Section 3 hereof. Neither the
failure of the Corporation (including the Board, any committee of the Board, or the Corporation’s its stockholders, or any
subgroup of such directors or stockholders) to have made a determination prior to the commencement of such enforcement action that
indemnification of Indemnitee is proper in the circumstances, nor an actual determination by the Corporation (including the Board,
any committee of the Board, or the Corporation’s stockholders, or any subgroup of such directors or stockholders) that such
indemnification is improper shall be a defense to the action or create a presumption that Indemnitee is not entitled to indemnification
under this Agreement or otherwise.

 

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(b)             To
the fullest extend not prohibited by law, the Corporation shall be precluded from asserting in any judicial proceeding commenced
pursuant to this Section 12 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. If a determination
shall have been made pursuant to this Agreement that Indemnitee is entitled to indemnification, the Corporation shall be bound
by such determination in any Proceeding commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of
a material fact, or an omission of a material fact necessary to make Indemnitee’s statements not materially misleading, in
connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

13.            
Subrogation. In the event of payment under this Agreement, the Corporation shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Corporation effectively to bring suit to enforce such rights.

 

14.            
Non-Exclusivity of Rights. The rights conferred on Indemnitee by this Agreement shall not be exclusive of any other right
which Indemnitee may have or hereafter acquire under any statute, provision of the Charter or Bylaws, agreement, vote of stockholders
or directors, or otherwise, both as to action in Indemnitee’s official capacity and as to action in another capacity while
holding office. To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification
or advancement of Expenses than would be afforded currently under the Charter or Bylaws and this Agreement, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change, subject to the
restrictions expressly set forth herein or therein. Except as expressly set forth herein, no right or remedy herein conferred is
intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. Except as expressly
set forth herein, the assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.

 

15.            
Insurance. To the extent that the Corporation maintains an insurance policy or policies providing liability insurance for
directors, trustees, general partners, managing members, officers, employees, agents or fiduciaries of the Corporation, Indemnitee
shall be covered by such policy or policies (including with respect to prior service) to the same extent as the most favorablyinsured
persons under such policy or policies in a comparable position.

 

16.            
Enforcement; Survival of Rights.

 

(a)            
The Corporation expressly confirms and agrees that the Corporation has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as a director of the Corporation, and the Corporation acknowledges
that Indemnitee is relying upon this Agreement in serving the Corporation in such capacity.

 

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(b)            
The rights conferred on Indemnitee by this Agreement shall continue after Indemnitee has ceased to be a director or officer of
the Corporation or to serve at the request of the Corporation as a director or officer agent of another corporation, partnership,
joint venture, trust or other enterprise, and shall inure to the benefit of Indemnitee’s heirs, executors and administrators.

 

(c)            
The Corporation shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business or assets of the Corporation, expressly to assume and agree to perform this Agreement in the
same manner and to the same extent that the Corporation would be required to perform if no such succession had taken place.

 

(d)            
The Corporation and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate,
impracticable and difficult of proof, and further agree that such breach may cause Indemnitee and the Corporation irreparable harm.
Accordingly, the parties hereto agree that each of the Corporation and the Indemnitee may enforce this Agreement by seeking injunctive
relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking
injunctive relief and/or specific performance, they shall not be precluded from seeking or obtaining any other relief to which
they may be entitled. The Corporation and Indemnitee further agree that they shall be entitled to such specific performance and
injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity
of posting bonds or other undertaking in connection therewith. The Corporation and Indemnitee acknowledge that in the absence of
a waiver, a bond or undertaking may be required by the Delaware Court of Chancery, and they hereby waive any such requirement of
such a bond or undertaking.

  

17.            
No Conflicts.To the extent that any provision of this Agreement conflicts with the Charter, the Bylaws, or applicable
law, the Charter, the Bylaws, or such applicable law (as applicable) shall govern.

  

18.            
Separability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others,
so that if any provision hereof shall be held to be invalid, illegal or unenforceable for any reason, (i) such invalidity, illegality
or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions of this Agreement (including
without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) and such other provisions shall remain enforceable to the
fullest extent permitted by law; (ii) such provision or provisions shall be deemed reformed to the extent necessary to conform
to applicable law and to give the maximum effect to the intent of the parties hereto; and (iii) to the fullest extent possible,
the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed
so as to give effect to the intent manifested thereby. Furthermore, if this Agreement shall be invalidated in its entirety on any
ground, then the Corporation shall nevertheless indemnify Indemnitee to the fullest extent provided by the Charter (if applicable),
the Bylaws, the DGCL or any other applicable law.

 

19.            
Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State
of Delaware, without regard to its principles of conflicts of laws. The Corporation and Indemnitee hereby irrevocably and unconditionally
(i) agree that any action or proceeding arising out of or in connection with this Agreement may be brought in the Delaware Court
of Chancery, (ii) consent to submit to the jurisdiction of the Delaware Court of Chancery for purposes of any action or proceeding
arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding
in the Delaware Court of Chancery, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court of Chancery has been brought in an improper or inconvenient forum.

 

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20.            
Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective
unless in writing signed by both parties hereto.

 

21.            
Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes
be deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart
need be produced to evidence the existence of this Agreement.

 

22.            
Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have
been duly given (i) upon delivery if delivered by hand to the party to whom such communication was directed or (ii) upon the third
business day after the date on which such communication was mailed if mailed by certified or registered mail with postage prepaid:

 

(a)            
If to Indemnitee, at the address indicated on the signature page hereof.

 

(b)            
If to the Corporation, to:

 

Actinium Pharmaceuticals, Inc.

275 Madison Avenue, 7th Floor

New York, NY 10016

Attention:Executive Chairman

 

or to such other address as may have been furnished
to Indemnitee by the Corporation.

 

22.            Headings.
The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction hereof.

 

[Remainder of Page Intentionally Left
Blank]

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Indemnification Agreement on and as of the day and year first above written.

 

	 	COMPANY:
	 	 
	 	ACTINIUM
    PHARMACEUTICALS, INC.
	 	 	 
	 	By:	/s/
    Sandesh Seth
	 	Name:	Sandesh Seth  
	 	Title:	Chairman
    & CEO

 

	 	INDEMNITEE:
	 	 
	 	/s/
    Anil Kapur
	 	Anil
                                         Kapur

	 	 
	 	Address
    for notices:
	 	 
	 	7
                                         Wellington Drive
 
	 	Basking Ridge,
    NJ 07926

 

 

 

 

 

 

 

 

Signature
Page to Indemnification Agreementevri-ex1044_13.htm

 

Exhibit 10.44 

 

SIXTH AMENDMENT TO CONTRACT CASH SOLUTIONS AGREEMENT

THIS SIXTH AMENDMENT TO CONTRACT CASH SOLUTIONS AGREEMENT (this "Amendment"), dated and effective as of December 29, 2017, is made and entered into among EVERI PAYMENTS INC. (“Client”), formerly known as GLOBAL CASH ACCESS INC., ("GCA"), and WELLS FARGO BANK, N.A. ("Wells Fargo").

RECITALS:

A.Client and Wells Fargo entered into a Contract Cash Solutions Agreement, dated as of November 12, 2010 (as modified or amended from time to time, the "Agreement").

B.Client has changed its legal name from Global Cash Access, Inc. to Everi Payments Inc. on August 24, 2015 and the parties to the Agreement and this Amendment understand and accept that this Amendment and the Agreement interchangeably refer to Client as either CGA and/or Everi Payments Inc.

C.Client has requested that Wells Fargo extend the term of the Agreement through June 30, 2020, and subject to and on the terms and conditions of this Amendment, Wells Fargo has agreed to do so.

D.Client and Wells Fargo entered into that certain Fee Letter, dated June 29th, 2015 (as modified or amended from time to time, the “Fee Letter”) and desire to amend certain of the Fees (as defined therein) as described herein.

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows, intending to be legally bound:

ARTICLE I

Definitions

Capitalized terms used in this Amendment, to the extent not otherwise defined herein, shall have the meanings assigned to such terms in the Agreement.

ARTICLE II

Amendment

Section 2.

	
 
	
(a)
	
Agreement (Term). Section XI.A of the Agreement is hereby amended and restated in its entirety to read as follows:

Page 1 of 4

 

(a)"General. The initial term of this Agreement, which expired on November 30, 2013, was previously extended through November 30, 2014, pursuant to a written amendment to the Agreement, further extended pursuant to a written amendment to the Agreement to November 30, 2015, again further extended pursuant to a written amendment to the Agreement to June 30, 2018 and again further extended pursuant to a written amendment to the Agreement to June 30th, 2019. The Parties hereby agree to further extend the term of the Agreement to June 30th, 2020. In addition, the Agreement shall be renewed for additional one-year periods unless a Party gives at least. 90 days' prior written notice of its intent not to renew, provided, however, that each such renewal shall be subject to a written agreement about pricing and such other terms and conditions to be mutually agreed upon among the Parties (the "Stated Termination Date"), unless earlier terminated by a Party as provided in this Agreement (the "Actual Termination Date")."

	
 
	
(b)
	
Agreement (Maximum Available Amount). Section II.C is hereby amended and restated in its entirety to read as follows:

“C.Maximum Amount of Cash to be Supplied. The aggregate total of Cash to be provided by Wells Fargo under this Agreement shall at no time exceed $300 Million Dollars including (i) all Cash with Armored Carriers, (ii) all Cash in Covered Machines, and (iii) all payments owed by Servicers, including any amount to be reimbursed by way of credit to the Settlement Account in immediately available funds, net of all adjustments, chargebacks, representations and other corrections to all transactions under the Servicing Agreements (the "Maximum Available Amount"); provided, however, Wells Fargo acknowledges that Client may require Cash not to exceed $75 Million Dollars in excess of the Maximum Available Amount (the "Additional Requested Amount") for a particular period (such period shall not exceed five (5) Business Days) (e.g. the five (5) Business Day period surrounding New Years Eve), on an occasional basis but in no event shall there be more than four such periods in any calendar year, and in such a situation, Client shall use best efforts to notify Wells Fargo with reasonable advance notice of the anticipated period and the anticipated amount of the Additional Requested Amount and Wells Fargo shall provide  the Maximum Available Amount and shall use best efforts to provide Cash in an amount equal to the Additional Requested Amount.

Notwithstanding the foregoing, Client may decrease the Maximum Available Amount by providing Bank with ten (10) Business Days' written notice of such reduction; provided, however, (i) the Maximum Available Amount shall not be decreased below $225 Million Dollars and (ii) such Maximum Available Amount may not be increased subsequent to such decrease without Bank's prior written approval."

	
 
	
(c)
	
Fee Letter. The Fee Letter is hereby amended and restated in its entirety to read as set forth on Exhibit A to this Amendment.

Page 2 of 4

 

ARTICLE III

Conditions Precedent

The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

(d)Client and Wells Fargo shall have executed and delivered this Amendment; and

(e)Clients shall have provided to Wells Fargo such other and further documents and instruments, if any, as Wells Fargo may reasonably request.

ARTICLE IV

Representations and Warranties; Acknowledgments

Each of the Parties represents and warrants to the other that (i) the execution, delivery and performance of this Amendment has been duly authorized by all requisite action on its part; and (ii) it is in compliance with the terms and conditions contained in the Agreement applicable to it.

ARTICLE V

General Provisions

Section 5.1Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document.

Section 5.2Facsimile Signatures. Delivery by fax of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment.

Section 5.3Section Headings. The section headings in this Amendment are for purposes of reference only and shall not limit or affect any of the terms hereof.

Section 5.4Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of Parties hereto and their respective successors and assigns, subject, however, to the requirements of Section XIII.D. of the Agreement.

Section 5.5Governing Law.  The Governing Law shall govern this Amendment and the interpretation thereof.

Section 5.6Entire Agreement: Modification. The Agreement and this Amendment constitute the entire agreement between Wells Fargo and Client relating to the subject matter hereof and may not be changed orally, but only by written instrument signed by both Parties. There are no restrictions, promises, warranties, covenants, or undertakings relating to the subject matter of this Amendment other than those expressly set forth or 

Page 3 of 4

 

referred-to herein. Nothing in this Amendment alters or impairs the Agreement except for the amendments specifically provided herein.

 

[Balance of Page Intentionally Left Blank. Signature Page Follows]

 

Page 4 of 4

 

IN WITNESS WHEREOF, each of the Parties has caused this Amendment to be executed on its behalf by the duly authorized officers as of the date and year first written above.

EVERI PAYMENTS, INC.

 

	
By:
	
/s/ Randy L. Taylor

	
 
	
RANDY L. TAYLOR

	
 
	
CHIEF FINANCIAL OFFICER

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

	
By:
	
/s/ Olga Wisnicky

	
 
	
OLGA WISNICKY

	
 
	
SENIOR VICE PRESIDENT

 

 

 

 

 

 

EXHIBIT A to AMENDMENT

EXHIBIT A

EXECUTION VERSION

Amended and Restated Fee Letter

 

 

December 29, 2017

 

 

Everi Payments, Inc.

7250 S Tenaya Way, Suite 100 

Las Vegas, NV 89113 

Attention:  General Counsel

 

 

Ladies and Gentlemen:

Reference is made to (a) the November 12, 2010, Contract Cash Solutions Agreement (“Agreement”) among Everi Payments, Inc, formerly known as Global Cash Access, Inc. ("Client") and Wells Fargo Bank, N. A. ("Wells Fargo") and (b) the November 12, 2010, Fee Letter, between Client and Wells Fargo (the “2010 Fee Letter”), as amended by that certain Fee Letter, dated as of June 29, 2015 between Client and Wells Fargo (the “Amended Fee Letter” and, together with the Original Fee Letter, collectively, the “Original Fee Letter”) . This letter agreement (the “Fee Letter”) amends and restates the Original Fee Letter and is the Fee Letter referred to in the Agreement. Capitalized terms used but not defined herein have the meanings assigned to them in the Agreement.

Client agrees to pay to Wells Fargo the Fees calculated in accordance with the terms of Exhibits A and B to this Fee Letter incorporated herein), effective as of January 1, 2018 unless otherwise stated in the Fee Letter. Client agrees by its execution of this Fee Letter, that this Fee Letter complies with Wells Fargo’s obligation under Section VII(A) of the Agreement. The Fees may be changed pursuant to the terms of Section VII of the Agreement. Client agrees that its obligations under this Fee Letter will survive the consummation of the transactions described in the Agreement.

Notwithstanding the amendment and restatement of the Original Fee Letter by this Fee Letter, Client shall continue to be liable to Wells Fargo for all Fees and other amounts owed under the Original Fee Letter accrued to the date hereof under the Original Fee Letter. This Fee Letter is not intended as payment of any obligations of Client to Wells Fargo, and is in no way intended to constitute a novation of the Original Fee Letter. Nothing contained herein is intended to amend, modify or otherwise affect any obligation of Client existing prior to the date hereof.

Please confirm your agreement with the Fees by signing and returning to us a copy of this Fee Letter, whereupon it shall constitute a binding agreement between us. Client agrees that this Fee Letter and its contents are subject to confidentiality provisions and will not be disclosed except as required by law or a final order of a court of competent jurisdiction; and provided that the disclosure of Fees shall be subject to the provisions of Section XIII.O of the Agreement.

 

 

 

 

	
Yours very truly,

	
 

	
WELLS FARGO BANK, N. A.

	
 
	
 

	
By:
	
/s/ Olga Wisnicky

	
 
	
OLGA WISNICKY

	
 
	
SENIOR VICE PRESIDENT

 

	
Accepted and Agreed to on December 29, 2017:

	
 

	
EVERI PAYMENTS, INC.

	
 

	
By:
	
/s/ Randy L. Taylor

	
 
	
RANDY L. TAYLOR

	
 
	
CHIEF FINANCIAL OFFICER

 

 

 

 

EXHIBIT A

 

Fees

 

	
1.
	
Monthly Fee.  Client shall pay a monthly fee as calculated in accordance with the following formula:

 

Monthly Fee = The sum of A x B x C

 

Where:

 

A = The Average Daily LIBOR Tranche Dollars Outstanding

B = (Daily Three Month LIBOR plus Wells Fargo LIBOR Margin)/360

C = The number of days in the calendar month

 

 

	
2.
	
Definitions.  The following terms when used in this Exhibit A shall have the following meanings: 

 

"Average Daily LIBOR Tranche Dollars Outstanding" during the calendar month means an amount equal to the average amount of Cash, at the end of each day during such calendar month, that has previously been provided by Wells Fargo to Client by way of delivery of the same to an Armored Carrier for the benefit of Client, but has not yet been reimbursed by way of credit to a Settlement Account in immediately available funds. 

 

	
 
	
(a)
	
"Daily Three Month LIBOR" means, for each day, LIBOR then in effect for delivery for a three month period on such day or if such day is not a Business Day on the immediately preceding Business Day. 

	
 
	
(b)
	
"LIBOR" means the rate per annum determined pursuant to the following formula:

 

	
LIBOR =
	
Base LIBOR

	
 
	
100% - LIBOR Reserve Percentage

 

	
 
	
(1)
	
"Base LIBOR" means the rate per annum for United States dollar deposits quoted by Wells Fargo for the purpose of calculating the effective rate for loans that reference Daily Three Month LIBOR as the Inter-Bank Market Offered Rate in effect from time to time for three month delivery of funds in amounts approximately equal to the Average Daily LIBOR Tranche Dollars Outstanding. Client understands and agrees that Wells Fargo may base its quotation of the Inter-Bank Market Offered Rate upon such offers or other market indicators of the Inter-Bank Market as Wells Fargo in its discretion deems appropriate, including but not limited to the rate offered for U.S. dollar deposits on the London Inter-Bank Market.

 

 

 

	
 
	
(2) 
	
"LIBOR Reserve Percentage" means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Wells Fargo for expected changes in such reserve percentage during the applicable term of the Agreement.

 

	
 
	
(c)
	
"Wells Fargo LIBOR Margin" means 45 basis points.

 

	
3.
	
Minimum usage fee. Client shall pay to Bank a fee equal to twenty hundredths percent (0.20%) per annum (computed as detailed below), which fee shall be calculated on an annual basis (from July 1 through June 30) by Bank and shall be due and payable by Client in arrears within (10) days after the June billing statement is provided to Client (the “Minimum Usage Fee”). In accordance with section VII(D) of the Agreement, Bank will debit Client’s Account for the Minimum Usage Fee.

(A)  $300,000,000.00

(B) (A) x 65% = $195,000,000.00

 

(C)  July 1 – June 30th average outstanding daily balance of Cash:

$_________________________

 

(D) (B)-(C)  $___________________________ (if D is $0 or less, stop here, no fee due)

(if D is a positive number the fee owed is shown in E below)

 

(E) (D) x 0.20% = fee due $________________________

 

 

	
4.
	
Ancillary Services and Charges.  Client shall also pay the customary charges and fees of Wells Fargo for the ancillary services set forth on Exhibit B to the Fee Letter effective January 1, 2018.  Wells Fargo's standard treasury and cash management agreements will apply to all ancillary services such as wire transfers, ACH services and the like.

 

 

 

 

EXHIBIT B

 

FEES FOR CONTRACT CASH SERVICES

 

1.  Cash Processing Fees: 

 

	
Depository Services
	
 
	
Unit Price 

	
 
	
 
	
 

	
Cash Vault monthly base
	
 
	
$ 2.00

	
Vault Deposit
	
 
	
$ 2.50

	
Cash Vault Deposit Adjustment
	
 
	
$ 5.00

	
Cash Vault Currency / Coin Deposited
	
 
	
$ 0.00045

	
Expanded Network Deposit Adjust
	
 
	
$ 7.00

	
Expanded Network Currency Deposited
	
 
	
$ 0.00045

	
Cash Vault Currency Furnished
	
 
	
$ 0.00012

	
Expanded Network Currency Furnished
	
 
	
$ 0.00012

	
Cash Vault Orders - CEO or Touchtone
	
 
	
$ 2.50

	
Cash Vault Orders - Call In
	
 
	
$10.00

	
Cash Vault Orders - Special (Late/Custom)
	
 
	
$100.00

	
Expanded Network Cash Order Standard
	
 
	
$ 2.00

	
Expanded Network Cash Order Late
	
 
	
$100.00

 

Other account related charges will be based upon our prevailing commercial schedule of fees in effect from time to time.

2.  Reconcilement Fee:

You will pay us the fees and charges of the reconcilement in performing those services to us with regard to the ATM Cash Services. We shall pass such fees and charges through to you.

 

			
	
Reconcilement Services
	
 
	
Unit Price

	
Contract Cash Balance/Settlement
	
 
	
$17.50

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