Document:

Exhibit 10.2

START SCIENTIFIC, INC.

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement (this “Agreement”)
is entered into as of this 4th day of May, 2012, by and between Start Scientific, Inc., a Delaware corporation (the “Company”),
and George J. Edwards, a resident of the State of Texas (the "Employee"), collectively referred to hereinafter as the
“Parties” or individually as a “Party.”

 

In consideration of the foregoing and of the
promises and mutual covenants contained herein, the Parties hereto agree as follows:

 

1.                           
Term. The Company agrees to employ Employee and Employee agrees to accept employment
with the Company for a one-year period beginning on the date first set forth above, unless this Agreement is sooner terminated
pursuant to Section 5 below (the “Employment Term”). 

 

2.                           
Duties. Employee’s employment hereunder shall be in the capacity of Chief Financial
Officer. Employee’s duties shall include all duties customarily associated with such office, including establishing accounting
policies and procedures, engaging with auditors, assisting with SEC filings, as authorized by the Board of Directors of the Company,
and perform such other duties incident to the office or as required by the Board of Directors.
Employee hereby agrees to faithfully execute, to the best of his ability, such duties in connection
with such office and to otherwise devote his full time, skills, and best efforts to such duties. Employee shall perform such duties
subject to the general supervision and control of the Board of Directors of the Company.

 

3.                           
Compensation and Benefits. During the Employment Term, the Company shall pay Employee,
and Employee accepts as full compensation for all services to be rendered to the Company, the following compensation and benefits:

 

3.1.                     
Salary. The Company shall pay Employee a salary equal to One Hundred Fifty Thousand
Dollars (US$150,000) per year (“Base Salary”). Such compensation shall be paid to Employee in accordance with the Company’s
payroll practices in effect from time to time during the Employment Term.

 

3.2.                     
Bonus. The Board of Directors shall have the discretion to award a bonus to Employee
of up to 100% of Employee’s base salary then in effect (the “Bonus”). Such bonus shall be paid to Employee thirty
(30) days after the end of any calendar year which a Bonus shall be payable. The obligation of the Company to pay the Bonus (including
any accumulated pro-rata portion thereof) will terminate in the event that this Agreement is terminated for “Cause”
or without “Good Reason” pursuant to Section 5 below.

 

3.3.                     
Stock Options. Contemporaneous with Employee’s employment hereunder, Employee
shall be eligible to receive common stock purchase options as set forth in the attached Stock Option Grant (the “Option Grant”).
The Option Grant and the exercise thereof shall be governed by the Company’s 2012 Equity Incentive Plan which are attached
hereto and incorporated herein by reference.

 

3.4.                     
Additional Benefits. Employee shall be eligible to participate in the Company's employee
benefit plans for employees, including any such benefits made available to similarly situated employees of the Company, if and
when any such plans may be adopted.

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3.5.                     
Vacation, Sick Leave, and Holidays. During the Employment Term, Employee shall be entitled
to a minimum of four (4) weeks vacation at full pay, in addition to sick leave and holidays at full pay, provided however, than
any unused vacation days or holidays at the end of any fiscal year of the Company shall not be carried over into a succeeding year
unless approved by the Board of Directors.

 

3.6.                     
Deductions. During the Employment Term, the Company shall have the right to deduct
from Employee's Base Salary and other compensation due to Employee hereunder any and all sums required for social security and
withholding taxes and for any other federal, state, or local tax or charge which may be hereafter enacted or required by law as
a charge on any such amounts paid to Employee.

 

4.                           
Business Expenses. The Company shall promptly reimburse Employee for all reasonable
out-of-pocket business expenses incurred in fulfilling Employee’s duties hereunder, in accordance with the general policy
of the Company in effect from time to time, provided that all such expenses are incurred in accordance with the general policies
and procedures of the Company and Employee furnishes to the Company adequate records and other documentary evidence required by
all federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each such
business expense as a deduction on the federal or state income tax returns of the Company.

 

5.                           
Termination.

 

5.1.                     
Generally. During the Employment Term, either the Company or Employee may terminate
Employee’s employment with the Company hereunder at any time, with or without Cause or Good Reason, in its or his sole discretion,
upon thirty (30) days prior written notice. Without limiting the foregoing, Employee may immediately terminate his employment with
the Company at any time for Good Reason, and the Company may immediately terminate Employee’s employment for Cause. In the
event Employee's employment is terminated hereunder, all obligations of the Company and all obligations of Employee shall cease
except as provided in this Section 5 and in Sections 6-17 below. For purposes of this Agreement:

 

		(a)	“Cause” shall mean (i) Employee’s material breach of any of the terms,
covenants, representations, or warranties contained in this Agreement which continues following not less than ten (10) days written
notice from the Company of such breach; (ii) Employee’s being found guilty or entering a plea of guilty or nolo contendre
in a criminal court of a felony; or (iii) Employee’s willful breach of duty or habitual neglect of duty, or refusal to comply
with any reasonable or proper direction given by on behalf of the Board of Directors.

 

		(b)	“Good Reason” shall mean the termination of employment by Employee as a result
of a material breach of this Agreement by the Company.

 

		(c)	"Termination Date" shall mean (i) if this Agreement is terminated on account
of death, the date of death; (ii) if this Agreement is terminated for Disability (as defined below), the date on which a notice
of termination due to Disability is delivered to the Employee (or such later date as may be set forth in such notice); (iii) if
this Agreement is terminated by the Company, the date on which a notice of termination is delivered to the Employee (or such later
date as may be set forth in such notice); (iv) if the Agreement is terminated by the Employee, the earlier of (x) the date on which
the Employee delivers the notice of termination (or such later date as may be set forth in such notice) to the Company and (y)
the date he ceases work; or (v) if this Agreement expires by its terms, on the last day of the term of this Agreement.

 

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		(d)	"Disability" shall mean the Employee is unable to perform the essential functions
of his job and render services of the character previously performed in the ordinary course and that such inability continues for
a period of at least Thirty (30) consecutive days (or for shorter periods totaling more than forty-five (45) days during any period
of three (3) consecutive months).

 

5.2.                     
Severance Pay.

 

		(a)	If (i) the Company terminates the employment of the Employee without Cause, or (ii) the Employee
terminates his employment for Good Reason, the Employee shall be entitled to receive cash compensation equal to the greater of
(A) Employee’s Base Salary during the remainder of the Employment Term, or (B) three (3) months of Employee’s Base
Salary then in effect (such compensation is hereafter referred to as “Severance Pay”). Severance Pay shall be payable
to Employee in accordance with the Company’s customary payroll practices/within thirty (30) days after the Termination Date.

 

		(b)	If (i) the Employee voluntarily terminates his employment other than for Good Reason, or (ii)
the Employee is terminated by the Company for Cause, then the Employee shall be entitled to receive Base Salary (excluding any
accrued vacation) through the Termination Date only, and no other compensation shall be payable.

 

		(c)	If the Employee's employment is terminated due to death or Disability, the Employee shall be
entitled to receive Base Salary and accrued vacation through the Termination Date only, and no other compensation shall be payable.

 

		(d)	In addition to the provisions of Section 5.2(a) and 5.2(b) hereof, to the extent COBRA or a state
equivalent shall be applicable to the Company, the Employee shall be entitled to continuation of group health plan benefits for
such period as may then be required by law if the Employee satisfies all applicable conditions to the receipt of such continuation
of benefits, including any required elections or payments.

 

		(e)	Employee acknowledges that, upon termination of his employment, he is entitled to no other compensation,
severance or other benefits other than those specifically set forth in this Agreement.

 

		(f)	The provisions of this Section 5.2 are intended to be and are exclusive and in lieu of any other
rights or remedies to which the Employee or the Company may otherwise be entitled, either at law, tort or contract, in equity,
or under this Agreement, as a result of any termination of the Employee's employment. The Employee shall be entitled to no benefits,
compensation or other payments or rights upon termination of employment other than those benefits expressly set forth in this Section
5.2.

 

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6.                           
Right of First Refusal; Enforceability.

 

6.1.                     
Right of First Refusal. During the Employment Term and for the one (1) year period
thereafter, should Employee desire to engage in any other business which is the same as or competitive with the Company or any
of the Company’s subsidiaries in any geographic area in which the Company (or such subsidiaries as the case may be) conducts
business, Employee shall first make a written offer to the Company to engage in such business on the same terms and conditions
as proposed to Employee or Employee’s affiliates. The Company shall thereupon have the option, but not the obligation, for
a period of forty-five (45) days after receipt of notice of the offer to elect to engage in such business on the same terms and
conditions as to Employee or Employee’s affiliates. Should the Company reject the terms and conditions proposed in respect
of such other business within such forty-five day period, then the Employee shall have the right to engage in and pursue such business
on the terms and conditions as proposed to the Company. Any material modification to such terms and conditions shall be deemed
a new offer by the Employee and subject to the Company’s right of first refusal hereunder. 

 

6.2.                     
Enforceability. If any of the provisions of this Section 6 is held unenforceable, the
remaining provisions shall nevertheless remain enforceable, and the court making such determination shall modify, among other things,
the scope, duration, or geographic area of this Section to preserve the enforceability hereof to the maximum extent then permitted
by law. In addition, the enforceability of this Section is also subject to the injunctive and other equitable powers of a court
as described in Sections 9 and 16 below.

 

7.                           
Confidentiality. Employee acknowledges that during Employee’s employment with
the Company, Employee will develop, discover, have access to, and become acquainted with technical, financial, marketing, personnel,
and other information relating to the present or contemplated products, services (including prices, costs, sales, or content),
or the conduct of business of the Company or an affiliate of the Company, computer programs, computer systems, operations, processes,
knowledge of the organization or the industry, research and development operations, future business plans, customers (including
identities of customers and prospective customers, identities of individual contracts at business entities which are customers
or potential customers), business relationships, or other information, which is of a confidential and proprietary nature ("Confidential
Information"). Employee agrees that all files, data, records, reports, documents, and the like relating to such Confidential
Information, whether prepared by him or otherwise coming into Employee’s possession, shall remain the exclusive property
of the Company (or its affiliates as the case may be), and Employee hereby agrees to promptly disclose such Confidential Information
to the Company upon request and hereby assigns to the Company any rights which Employee may acquire in any Confidential Information.
Employee further agrees not to disclose or use any Confidential Information and to use Employee’s best efforts to prevent
the disclosure or use of any Confidential Information either during the term of employment or consultancy or at any time thereafter,
except as may be necessary in the ordinary course of performing Employee’s duties under this Agreement. Upon termination
of Employee's employment or consultancy with the Company for any reason, Employee shall promptly deliver to the Company all materials,
documents, data, equipment, and other physical property of any nature containing or pertaining to any Confidential Information,
and Employee shall not take from the Company's premises any such material or equipment or any reproduction thereof.

 

8.                           
No Conflicts. Employee hereby represents that, to the best of Employee’s knowledge,
Employee’s performance of all the terms of this Agreement and work as an employee or officer of the Company does not breach
any oral or written agreement which Employee has made prior to employment with the Company hereunder.

 

9.                           
Equitable Remedies. Employee acknowledges that Employee’s obligations hereunder
are special, unique, and extraordinary, and that a breach by Employee of certain provisions of this Agreement, including without
limitation Sections 6 and 7 above, would cause irreparable harm to the Company for which damages at law would be an inadequate
remedy. Accordingly, Employee hereby agrees that in any such instance the Company shall be entitled to seek injunctive or other
equitable relief in addition to any other remedy to which it may be entitled. All of the rights of the Company from whatever source
derived, shall be cumulative and not alternative.

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10.                       
Assignment. This Agreement is for the unique personal services of Employee and is not
assignable or delegable in whole or in part by Employee without the consent of the Board of Directors of the Company. This Agreement
may be assigned or delegated in whole or in part by the Company and, in such case, the terms of this Agreement shall inure to the
benefit of, be assumed by, and be binding upon the entity to which this Agreement is assigned.

 

11.                       
Waiver or Modification. Any waiver, modification, or amendment of any provision of
this Agreement shall be effective only if in writing in a document that specifically refers to this Agreement and such document
is signed by the Parties hereto.

 

12.                       
Entire Agreement. This Agreement constitutes the full and complete understanding and
agreement of the Parties hereto with respect to the subject matter covered herein and supersedes all prior oral or written understandings
and agreements with respect thereto.

 

13.                       
Employee Acknowledgement. Employee acknowledges that (i) he was consulted with or has
had the opportunity to consult with independent counsel of his own choice concerning this Agreement, and has been advised to do
so by the Company, and (ii) that his has read and understands the Agreement, is fully aware of its legal effect, and has entered
into it freely based upon his own judgment.

 

14.                       
Severability. If any provision of this Agreement is found to be unenforceable by a
court of competent jurisdiction, the remaining provisions shall nevertheless remain in full force and effect.

 

15.                       
Notices. Any notice required hereunder to be given by either party shall be in writing
and shall be delivered personally or sent by certified or registered mail, postage prepaid, or by private courier, with written
verification of delivery, or by email or facsimile transmission to the other party to the email address, street address, or telephone
number provided by such party to the other or to such other address or telephone number as either party may designate from time
to time according to this provision. A notice delivered personally shall be effective upon receipt. A notice sent by facsimile
transmission shall be effective twenty-four hours after the dispatch thereof. A notice delivered by mail or by private courier
shall be effective on the third day after the day of mailing.

 

16.                       
Dispute Resolution. Except as set forth in Section 9 above, all disputes hereunder shall be resolved first, though mediation,
and if unsuccessful, then though binding arbitration before a single arbitrator in accordance with the applicable rules of the
American Arbitration Association then in effect. The venue for mediation and arbitration shall be Harris County, Texas. Judgment
of the arbitrator may be entered in any court having jurisdiction over the non-prevailing party.

 

17.                       
Governing Law; Venue. This Agreement shall be governed by and construed in accordance
with the laws of the State of Texas without regard to the conflict of laws. 

 

IN WITNESS WHEREOF, Employee has signed this
Agreement personally and the Company has caused this Agreement to be executed by its duly authorized representative to be effective
as of the date first given above.

 

	COMPANY	EMPLOYEE
	 	 
	Start Scientific, Inc.	 
		 
		 
		
	 S. Arne D. Greaves, Chief Executive Officer	George J. EdwardsExhibit 10.3

INDEMNIFICATION AGREEMENT

This Indemnification
Agreement (“Agreement”) is made as of the 4th day of May, 2012, by and between Start Scientific, Inc., a Delaware
corporation (the “Company”), and ________________________ (“Indemnitee”).

 

RECITALS

 

WHEREAS, the Company desires
to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company;

 

WHEREAS, in order to induce
Indemnitee to continue to provide services to the Company, the Company wishes to provide for the indemnification of, and advancement
of expenses to, Indemnitee to the maximum extent permitted by law;

WHEREAS, the Certificate
of Incorporation (“Charter”) and the Bylaws (“Bylaws”) of the Company authorize indemnification
of the officers and directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to the General Corporation
Law of the State of Delaware (the “DGCL”);

WHEREAS, the Charter
and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate
that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect
to indemnification;

WHEREAS,
the Company and Indemnitee recognize the continued difficulty in obtaining liability insurance for the Company’s directors,
officers, employees, agents and fiduciaries, the significant and continual increases in the cost of such insurance and the general
trend of insurance companies to reduce the scope of coverage of such insurance;

WHEREAS,
the Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting directors,
officers, employees, agents and fiduciaries to expensive litigation risks at the same time as the availability and scope of coverage
of liability insurance provide increasing challenges for the Company;

WHEREAS,
Indemnitee does not regard the protection currently provided by applicable law, the Company’s governing documents and available
insurance as adequate under the present circumstances, and Indemnitee may not be willing to continue to serve in such capacity
without additional protection;

WHEREAS, the Board
of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and retaining
highly qualified persons such as Indemnitee is detrimental to the best interests of the Company’s stockholders and that the
Company should act to assure Indemnitee that there will be increased certainty of such protection in the future;

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WHEREAS, it is
reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf
of, such persons to the fullest extent permitted by applicable law, regardless of any amendment or revocation of the Company’s
Charter or Bylaws, so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified;
and

WHEREAS, this
Agreement is a supplement to and in furtherance of the indemnification provided in the Charter and Bylaws and any resolutions adopted
pursuant thereto, and shall not diminish or abrogate any rights of Indemnitee thereunder.

NOW, THEREFORE,
in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as
follows:

Section 1. Services
to the Company. Indemnitee agrees to serve as a director of the Company. Indemnitee may at any time and for any reason resign
from such position (subject to any other contractual obligation or any obligation imposed by law), in which event the Company shall
have no obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment
contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. The foregoing notwithstanding, this
Agreement shall continue in force after Indemnitee has ceased to serve as a director of the Company.

 

Section 2. Definitions.

 

As used in this Agreement:

 

(a)“Corporate
Status” describes the status of a person as a current or former director, officer, employee, agent or trustee of the
Company or of any other Enterprise which such person is or was serving at the request of the Company.

 

(b)“Enforcement
Expenses” shall include all reasonable 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 an action to enforce indemnification
or advancement rights, or an appeal from such action, including without limitation the premium, security for, and other costs relating
to any cost bond, supersedes bond, or other appeal bond or its equivalent.

 

(c)“Enterprise”
shall mean any corporation (other than the Company), partnership, joint venture, trust, employee benefit plan or other legal entity
of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or trustee.

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(d)“Expenses”
shall include all reasonable 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,
being or preparing to be a witness in, or otherwise participating in, a Proceeding or an appeal resulting from a Proceeding, including
without limitation the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond
or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or
fines against Indemnitee.

 

(e)“Independent
Counsel” means a law firm, or a partner (or, if applicable, member) of such a law firm, that is experienced in matters
of Delaware corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company,
any Enterprise or Indemnitee in any matter material to any such party (other than with respect to matters concerning Indemnitee
under this Agreement, or of other indemnitees under similar indemnification agreements), 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 Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.
The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify
such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto.

 

(e)The term “Proceeding”
shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation,
inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company
or otherwise and whether of a civil, criminal, administrative or investigative nature, in which Indemnitee was, is or will be involved
as a party or otherwise by reason of the fact that Indemnitee is or was a director of the Company or is or was serving at the request
of the Company as a director, officer, employee, agent or trustee of any Enterprise or by reason of any action taken by him or
of any action taken on his part while acting as director of the Company or while serving at the request of the Company as a director,
officer, employee, agent or trustee of any Enterprise, in each case whether or not serving in such capacity at the time any liability
or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided under this Agreement;
provided, however, that the term “Proceeding” shall not include any action, suit or arbitration, or part
thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as provided for in Section 13(e) of
this Agreement.

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Section 3.Indemnity
in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee
is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding
or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not
opposed to the best interests of the Company and, in the case of a criminal proceeding, had no reasonable cause to believe that
his conduct was unlawful. Indemnitee shall not enter into any settlement in connection with a Proceeding without ten (10) days’
prior notice to the Company.

 

Section 4.Indemnity
in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the provisions
of this Section 4 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 Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter therein,
if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company.
No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee
shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that the Delaware Court
of Chancery (the “Delaware Court”) or any court in which the 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 indemnification for such expenses as the Delaware Court or such other court shall deem proper.

 

Section 5.Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement and except
as provided in Section 8, to the extent that Indemnitee is a party to or a participant in and is successful, on the merits or otherwise,
in any Proceeding or in defense of any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but
is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection
with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of
any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result
as to such claim, issue or matter.

 

Section 6.Indemnification
For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be made a party,
he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

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Section 7.Additional
Indemnification.

(a) Except as
provided in Section 8, notwithstanding any limitation in Sections 3, 4 or 5, the Company shall indemnify Indemnitee to the fullest
extent permitted by law if Indemnitee is a party to or is threatened to be made a party to any Proceeding (including a Proceeding
by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding.

(b)For purposes of Section
7(a), the meaning of the phrase “to the fullest extent permitted by law” shall include, but not be limited to:

 

(i)to the fullest extent
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 officers and directors.

Section 8.Exclusions.
Notwithstanding any provision in this Agreement to the contrary, the Company shall not be obligated under this Agreement:

(a)to make
any indemnity for amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent
that Indemnitee has otherwise actually received such amounts under any insurance policy, contract, agreement or otherwise;

(b)to make
any indemnity for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of
the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state
statutory law or common law; or

(c)to make
any indemnity or advancement that is prohibited by applicable law.

 

Section 9.Advances
of Expenses. The Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection
with any Proceeding, and such advancement shall be made within twenty (20) days after the receipt by the Company of a 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 expenditures 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 final disposition of any Proceeding. 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. Indemnitee shall qualify for advances upon the execution and delivery
to the Company of this Agreement which shall constitute an undertaking providing that Indemnitee undertakes to the fullest extent
required by law to repay the advance if and to the extent that it is ultimately determined by a court of competent jurisdiction
in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances
under this paragraph shall in all events continue until final disposition of any Proceeding, including any appeal therein. Nothing
in this Section 9 shall limit Indemnitee’s right to advancement pursuant to Section 13(e) of this Agreement.

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Section 10.Procedure for
Notification and Defense of Claim.

(a)To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company a written request therefor and, if Indemnitee so chooses
pursuant to Section 11 of this Agreement, such written request shall also include a request for Indemnitee to have the right to
indemnification determined by Independent Counsel.

 

(b)The Company will be
entitled to participate in the Proceeding at its own expense.

 

Section 11.Procedure Upon
Application for Indemnification.

 

(a)Upon written request
by Indemnitee for indemnification pursuant to Section 10(a), a determination, if such determination is required by applicable law,
with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) by Independent Counsel in a written
opinion to the Board if Indemnitee so requests in such written request for indemnification pursuant to Section 10(a), or (ii) by
the Company in accordance with applicable law if Indemnitee does not so request such determination be made by Independent Counsel.
In the case that such determination is made by Independent Counsel, a copy of Independent Counsel’s written opinion shall
be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall
be made within ten (10) days after such determination. Indemnitee shall cooperate with the Independent Counsel or the Company,
as applicable, making such determination with respect to Indemnitee’s entitlement to indemnification, including providing
to such counsel or the Company, 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 attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the Independent Counsel
or the Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification)
and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

(b)In the event
that Indemnitee exercises his right to have his entitlement to indemnification determined by Independent Counsel pursuant to clause
(i) of Section 11(a), the Independent Counsel shall be selected by Indemnitee. The Company may, within ten (10) days after written
notice of such selection, deliver to Indemnitee a written objection to such selection; provided, however, that 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. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written
objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until
such objection is withdrawn or a court has determined that such objection is without merit. If, within twenty (20) days after the
later of (i) submission by Indemnitee of a written request for indemnification and Independent Counsel pursuant to Sections 10(a)
and 11(a)(i) hereof, respectively, and (ii) the final disposition of the Proceeding, including any appeal therein, no Independent
Counsel shall have been selected without objection, Indemnitee may petition a court of competent jurisdiction for resolution of
any objection which shall have been made by the Company to the 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. The person with respect to whom
all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 11(a) hereof. Upon the
due commencement of any judicial proceeding or arbitration pursuant to Section 13(a) 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).

    	6

    	 

    

 

Section 12.Presumptions and
Effect of Certain Proceedings.

 

(a)In making a determination
with respect to entitlement to indemnification hereunder, it shall be presumed that Indemnitee is entitled to indemnification under
this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(a) of this Agreement, and
the Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary
to that presumption. Neither (i) the failure of the Company or of Independent Counsel to have made a determination prior to the
commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has
met the applicable standard of conduct, nor (ii) an actual determination by the Company or by Independent Counsel that Indemnitee
has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not
met the applicable standard of conduct.

(b)The termination
of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of guilty,
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 Company or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful.

(c)The knowledge
and/or actions, or failure to act, of any director, officer, agent or employee of the Company or any Enterprise shall not be imputed
to Indemnitee for purposes of determining the right to indemnification under this Agreement.

Section 13.Remedies
of Indemnitee.

(a)Subject to
Section 13(f), in the event that (i) a determination is made pursuant to Section 11 of this Agreement that Indemnitee is not entitled
to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this Agreement,
(iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of this Agreement within
sixty (60) days after receipt by the Company of the request for indemnification that does not include a request for Independent
Counsel, (iv) payment of indemnification is not made pursuant to Section 5 or 6 or the last sentence of Section 11(a) of this Agreement
within ten (10) days after receipt by the Company of a written request therefor or (v) payment of indemnification pursuant to Section
3, 4 or 7 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to
indemnification, Indemnitee shall be entitled to an adjudication by a court of his entitlement to such indemnification or advancement.
Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the
Commercial Arbitration Rules of the American Arbitration Association. Proper venue for any such arbitration shall be any federal
or state court selected by Indemnitee that is located within the continental United States. Indemnitee shall commence such proceeding
seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to
commence such proceeding pursuant to this Section 13(a); provided, however, that the foregoing time limitation shall
not apply in respect of a proceeding brought by Indemnitee to enforce his rights under Section 5 of this Agreement. The Company
shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

    	7

    	 

    

 

(b)In the event that
a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in all respects as a de novo trial,
or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding
or arbitration commenced pursuant to this Section 13, the Company shall have the burden of proving Indemnitee is not entitled to
indemnification or advancement, as the case may be.

 

(c) If a determination
shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification, the Company shall
be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13, 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 Company shall
be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 13 that the procedures
and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such
arbitrator that the Company is bound by all the provisions of this Agreement.

 

(e)The Company shall
indemnify Indemnitee against any and all Enforcement Expenses and, if requested by Indemnitee, shall (within ten (10) days after
receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Enforcement Expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement
from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained
by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement or
insurance recovery, as the case may be, in the suit for which indemnification or advancement is being sought.

(f)Notwithstanding
anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be
required to be made prior to the final disposition of the Proceeding, including any appeal therein.

    	8

    	 

    

 

Section 14.Non-exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a)The rights of indemnification
and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution
of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict
any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status
prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision,
permits greater indemnification or advancement than would be afforded currently under the Charter, 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.
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. 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.

(b)To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, agents
or trustees of the Company or of any other Enterprise, 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, agent or trustee under
such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies.

 

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

(d)The Company’s
obligation to provide indemnification or advancement hereunder to Indemnitee who is or was serving at the request of the Company
as a director, officer, employee, agent or trustee of any other Enterprise shall be reduced by any amount Indemnitee has actually
received as indemnification or advancement from such other Enterprise.

    	9

    	 

    

Section 15.
Duration of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the
date that Indemnitee shall have ceased to serve as a director of the Company or (b) one (1) year after the final termination of
any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement
hereunder and of any proceeding commenced by Indemnitee pursuant to Section 13 of this Agreement relating thereto. This Agreement
shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors
and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation
or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement
in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform if no such succession had taken place.

Section 16.Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and 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) shall not in any way be affected or impaired thereby and shall remain enforceable to
the fullest extent permitted by law; (b) 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 (c) 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.

 

Section 17.Enforcement.

 

(a)The Company expressly
confirms and agrees that it 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 Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in
serving as a director of the Company.

(b)This Agreement
constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof;
provided, however, that this Agreement is a supplement to and in furtherance of the Charter, the Bylaws and applicable
law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

Section 18.Modification
and Waiver. No supplement, modification or amendment, or waiver of any provision, of this Agreement shall be binding unless
executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute
a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.

 

Section 19.Notice
by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification
or advancement as provided hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation
which it may have to Indemnitee under this Agreement or otherwise.

    	10

    	 

    

 

Section 20.Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed,
(b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed,
(c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have
been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received:

 

(a)If to Indemnitee,
at such address as Indemnitee shall provide to the Company.

(b)If to the Company to:Copy
to:

 

	Attn: Chief Executive Officer	 	Attn: 
	Start Scientific, Inc.	 	
	6 Champion Trail	 	
	San Antonio, TX 78258	 	
	Fax: (801) 816-2599	 	 

or to any other address as may have
been furnished to Indemnitee by the Company.

Section 21.Contribution.
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 Company, in lieu of indemnifying Indemnitee, shall contribute to the amount 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 Proceeding in such proportion as is deemed fair and reasonable in light of all of the circumstances in order
to reflect (i) the relative benefits received by the Company and Indemnitee in connection with the event(s) and/or transaction(s)
giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents)
and Indemnitee in connection with such event(s) and/or transactions.

Section 22.Applicable
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed
and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect
to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee hereby irrevocably
and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought
only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other
country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising
out of or in connection with this Agreement, (iii) consent to service of process at the address set forth in Section 20 of this
Agreement with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive
any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead
or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient
forum.

    	11

    	 

    

Section 23.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 one and the same Agreement. Only one such counterpart signed by the party
against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

Section 24.Miscellaneous.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction thereof.

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

 

 

“Company”

 

START SCIENTIFIC, INC.

  

 

 

By:

    S. Arne D. Greaves

    CEO and Chairman

 

 

 

“Indemnitee”

 

 

 

    [Name
of STSC Officer/Director]

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