Document:

ASCEND ACQUISITION CORP.

 

Subscription Agreement

 

INTRODUCTION

 

Ascend Acquisition Corp. (the “Company”)
is a blank check company seeking to acquire a business or company or engage in another opportunity for its and its shareholders’
benefit. On December 30, 2011, the Company entered into a Merger Agreement and Plan of Reorganization (“Merger Agreement”)
with Ascend Merger Sub, LLC, Andover Games, LLC (“Andover Games”) and the members of Andover Games. Upon the consummation
of the transactions contemplated by the Merger Agreement, Andover Games will become a wholly-owned subsidiary of the Company. Pursuant
to the Merger Agreement, the Company is obligated to use its commercial best efforts to raise at least $4 million of equity capital
through the sale of the Company’s capital stock, of which at least $2 million must be raised simultaneously with the closing
of the merger (although all may be raised simultaneously with the closing of the merger) and up to an additional $2 million may
be raised within 30 days thereafter. The Company raising the first $2 million is a condition to closing the merger.

 

    	 

    	 

    

 

INSTRUCTIONS

 

IMPORTANT: PLEASE READ CAREFULLY BEFORE SIGNING.
SIGNIFICANT OBLIGATIONS AND REPRESENTATIONS ARE CONTAINED IN THIS DOCUMENT.

 

Steps For All Investors

 

		1.	Fill in your name and subscription amount on Page 3.

 

Additional Steps for Individual Investors

 

		1.	Complete the requested information on Page 9.

		2.	Sign Page 11.

 

Additional Steps for Entity Investors

 

		1.	Complete the requested information on Page 10.

		2.	Sign Page 11.

		3.	If applicable, complete the information on Page 12 and please sign as indicated thereon.

 

PLEASE DELIVER TWO EXECUTED COPIES OF THE
SUBSCRIPTION AGREEMENT TO:

 

ASCEND ACQUISITION CORP.

c/o Graubard Miller

405 Lexington Avenue

New York, New York 10174

Attention: Jeffrey M. Gallant, Esq.

Telephone: 212-818-8638

Facsimile: 212-818-8881

 

THE SUBSCRIPTION PAYMENT MUST BE WIRED AS
FOLLOWS:

 

When you wire your funds, please notify Jeffrey M. Gallant
at 212-818-8638. Any questions you may have concerning these documents or the payment of your subscription amount should be directed
to Jeffrey M. Gallant.

 

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Print Name of Investor:_________________________

 

SUBSCRIPTION AGREEMENT

 

This Subscription Agreement
(“Subscription Agreement”) is being used by Ascend Acquisition Corp., a Delaware corporation (the “Company”),
for a private placement (the “Offering”) of shares of common stock, par value $0.0001 per share (the “Shares”)
on the terms contained in this Subscription Agreement.

 

The above-named Investor
hereby agrees as follows:

 

1.           Subscription
for Securities. Investor hereby subscribes for and agrees to purchase $_________ of Shares of the Company at a purchase
price of $0.50 per share, subject to the terms and conditions set forth in this Subscription Agreement.

 

2.           Offering
and Offering Period. The Shares are being offered in a private placement in accordance with the terms set forth in this
Subscription Agreement. The Company is offering the Shares until the earlier of (i) the date by which the maximum amount of Shares
being offered have been sold or (ii) 30 days after the consummation by the Company of the transactions contemplated by that certain
Merger Agreement and Plan of Reorganization, dated as of December 30, 2011 (“Merger Agreement”), by and among the Company,
Ascend Merger Sub, LLC, Andover Games, LLC and the members of Andover Games, LLC, unless such latter date is extended, without
notice to the Investor, by the Company in its sole discretion (such earlier date being referred to herein as the “Termination
Date”).

 

3.           Investor
Delivery of Documents and Payment. Investor has tendered to the Company two (2) completed and manually executed copies
of this Subscription Agreement. Simultaneously with submitting this Subscription Agreement, the Investor is wiring the subscription
amount in accordance with the directions on the cover sheet.

 

4.           Closing
and Delivery of Securities. The offering is being made on a “best efforts, $2,000,000 minimum, $4,000,000 maximum”
basis, provided that the Company may increase the maximum amount at any time prior to the Termination Date in its sole discretion
without notice to the Investor. The initial closing (“Initial Closing”) will occur simultaneously
with the consummation of the transactions contemplated by the Merger Agreement, provided that Investors have subscribed for the
minimum of $2,000,000 of Shares. Accordingly, there will be no closing if either the minimum number of Shares is not subscribed
for or the transactions contemplated by the Merger Agreement are not consummated. The Company’s officers, directors and affiliates
shall be entitled to purchase Shares in the Offering on the same terms as other Investors. Accordingly, any such purchases will
be credited toward reaching the $2,000,000 minimum amount required to have an Initial Closing. Subsequent closings with respect
to the sale of additional Shares up until the maximum amount has been reached may take place at any time with respect to subscriptions
accepted by the Termination Date (each such closing, together with the Initial Closing, being referred to as the “Closing”).
In the event Investor’s subscription is accepted and there is a Closing, Investor’s payment will be released to the
Company and the certificates representing the Shares will be delivered promptly to Investor along with a fully executed version
of this Agreement.

 

5.           Acceptance
or Rejection of Subscription; Return of Unapplied Funds. The Company has the right to reject this subscription, in whole
or in part, for any reason and at any time prior to a Closing. In the event of the rejection of this subscription, my subscription
payment will be promptly returned to me without interest or deduction and this Subscription Agreement shall have no force or effect.
The Shares subscribed for herein will not be deemed issued to or owned by the Investor until one copy of this Subscription Agreement
has been executed by the Investor and countersigned by the Company and the Closing (defined below) with respect to the Investor’s
subscription has occurred.

 

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6.           Offering
to Accredited Investors. The Offering is limited to “accredited investors” as defined in Section 2(15) of the
Securities Act of 1933, as amended (“Securities Act”), and Rule 501(a) promulgated thereunder, and is being made without
registration under the Securities Act in reliance upon the exemptions contained in Section 4(2) of the Securities Act and applicable
state securities laws; it being understood that for purposes of the qualifying under the $1,000,000 net worth test:

		·	The Investor’s primary residence shall not be included as an
asset;

		·	Indebtedness that is secured by the Investor’s primary residence,
up to the estimated fair market value of the primary residence as of the date of this Agreement, shall not be included as a liability
(except that if the amount of such indebtedness outstanding as of such date exceeds the amount outstanding 60 days before such
date, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability);
and

		·	Indebtedness that is secured by the Investor’s primary residence
in excess of the estimated fair market value of the primary residence shall be included as a liability.

 

7.           Investor
Representations and Warranties.

 

7.1.         Accredited
Investor Status. Investor is an accredited investor within the meaning of Section 2(15) of the Securities Act and Rule 501
promulgated thereunder.

 

7.2.         No
Right to Terminate. Investor is aware that Investor is not entitled to cancel, terminate or revoke this subscription, and any
agreements made in connection herewith will survive an individual Investor’s death or disability. In order to induce the
Company to issue and sell Shares to Investor, Investor represents and warrants that the information relating to Investor stated
herein is true and complete as of the date hereof and will be true and complete as of the date or dates on which Investor’s
purchase of Shares becomes effective. If, prior to the final consummation of the offer and sale of the Shares, there should be
any change in such information or any of such information becomes incorrect or incomplete, Investor agrees to notify the Company
and supply the Company promptly with corrective information.

 

7.3.         Information
About the Company and the Shares.

 

(a)          The
Company has made available to Investor a copy of the Company’s Annual Report on Form 10-K for the fiscal year ended December
31, 2010, the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September
30, 2011, the Company’s Current Report on Form 8-K dated December 30, 2011 and the Company’s Schedule 14F-1 dated February
14, 2012 and the unaudited financial statements of Andover Games as of and for the fiscal years ended December 31, 2011 and 2010
(together the “Disclosure Documents”). Investor has read the Disclosure Documents, including the “Risk Factors”
set forth in the Form 10-K, together with this Subscription Agreement, and fully understands the information set forth therein
and herein. Investor further understands the following risks relating to the business of Andover Games and the merger:

 

		·	Andover Games operates in a new and rapidly changing industry, which makes it difficult to evaluate
its business and prospects;

 

		·	Andover Games began operations in 2011, and it has a short operating history and a new business
model, which makes it difficult to effectively assess its future prospects;

 

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		·	Andover Games currently has no revenue and expects a small number of games to generate a majority
of its revenue, and it must continue to launch and enhance games that attract and retain a significant number of paying players
in order to grow its revenue and sustain its competitive position;

 

		·	Andover Games may not be able to maintain a good relationship with companies like Apple and Facebook
that are vital to its business model;

 

		·	Andover Games will rely on a small percentage of its players for nearly all of its revenue;

 

		·	A significant majority of Andover Games’ game traffic is expected to be hosted by a single
vendor, and any failure or significant interruption in its network could impact its operations and harm its business;

 

		·	Security breaches, computer viruses and computer hacking attacks could harm Andover Games’
business and results of operations;

 

		·	If Andover Games fails to effectively manage its growth, its business and operating results could
be harmed;

 

		·	Andover Games’ growth prospects will suffer if it is unable to develop successful games for
mobile platforms;

 

		·	Andover Games will face additional business, political, regulatory, operational, financial and
economic risks as it expands into international markets; and

 

		·	Andover Games’ audited financial statements for the fiscal year ended December 31, 2011 may
be materially different than what is anticipated; and

 

Investor has been
given access to full and complete information regarding the Company and Andover Games as Investor has requested and has utilized
such access to Investor’s satisfaction for the purpose of verifying the information included herein and therein, and Investor
has either met with or been given reasonable opportunity to meet with the officers of the Company and Andover Games for the purpose
of asking reasonable questions of such officers concerning the terms and conditions of the Offering and the business of the Company
and Andover Games and all such questions have been answered to Investor’s full satisfaction. Investor has also been given
an opportunity to obtain any additional relevant information to the extent reasonably available to the Company. After reading of
such information and materials, Investor understands that there is no assurance as to the future performance of the Company and
the Shares.

 

(b)          Investor
has received no representation or warranty from the Company or any of its officers, directors, equity holders, employees or agents
in respect of Investor’s investment in the Shares. Investor is not participating in the Offering as a result of or subsequent
to: (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast
over television, radio or the Internet or (ii) any seminar or meeting whose attendees have been invited by any general solicitation
or general advertising.

 

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7.4.         Speculative
Investment. Investor is aware that the Shares are a speculative investment that involve a high degree of risk and Investor
may suffer the total loss of its investment. Investor has such knowledge and experience in financial and business matters as to
be capable of evaluating the merits and risks of an investment in the Shares and have obtained, in Investor’s judgment, sufficient
information to evaluate the merits and risks of an investment in the Shares. Investor has not utilized any person as its purchaser
representative (as defined in Regulation D) in connection with evaluating such merits and risks and has relied solely upon its
own investigation in making a decision to invest in the Shares. Investor has been urged to seek independent advice from its professional
advisors relating to the suitability of an investment in the Shares in view of its overall financial needs and with respect to
the legal and tax implications of such investment. Investor believes that the investment in the Shares is suitable for it based
upon its investment objectives and financial needs, and Investor has adequate means for providing for its current financial needs
and contingencies and has no need for liquidity with respect to its investment in the Shares. The investment in the Shares does
not constitute a significant portion of Investor’s investment portfolio.

 

7.5.         Restrictions
on Transfer; Registration Right.

 

(a)          Investor
understands that (i) the Shares have not been registered under the Securities Act or the securities laws of certain states in reliance
on specific exemptions from registration and (ii) the Shares cannot be resold, pledged, assigned or
otherwise disposed of unless they are subsequently registered under the Securities Act and under applicable securities laws of
certain states, or an exemption from such registration is available. Each certificate representing the Shares will bear
a restrictive legend relating to such restrictions. In addition, Investor understands that (x) no securities administrator of any
state or the federal government has recommended or endorsed the Offering or made any finding or determination relating to the fairness
of an investment in the Shares and (y) the Company is relying on Investor’s representations and agreements for the purpose
of determining whether this transaction meets the requirements of the exemptions afforded by the Securities Act and certain state
securities laws.

 

(b)          Within
10 business days of the consummation by the Company of the transactions contemplated by the Merger Agreement, it shall file a registration
statement (“Registration Statement”) with the Securities and Exchange Commission covering the resale by Investor of
the Shares it is purchasing hereunder, use its best efforts to have such Registration Statement declared effective as promptly
as practicable thereafter, and keep the Registration Statement effective until (i) the date on which the Shares may be resold by
the Investor without registration under the Securities Act and without regard to any volume limitations by reason of Rule 144 under
the Securities Act or any other rule of similar effect or (ii) all of the shares have been sold pursuant to the Registration Statement
or Rule 144 under the Securities Act or any other rule of similar effect. Investor understands, however, that notwithstanding this
obligation on the part of the Company to register the resale of the Shares and to keep the Registration Statement effective, there
is no assurance that the Company will be able to have the Registration Statement declared effective and keep the Registration Statement
effective until Investor has sold all the Shares owned by it registered thereon. The Company’s obligation to register the
Investor’s Shares pursuant to the Registration Statement shall be subject to the Investor’s delivery to the Company
of such information regarding the Investor, the securities of the Company held by such Investor, and the intended method of disposition
of the Shares as reasonably required by the Company to effect the registration of such Investor’s Shares.

 

7.6.         Investment
Representation. Investor is purchasing the Shares for its own account for investment and not with a view to, or for sale in
connection with, any subsequent distribution of the securities, nor with any present intention of selling or otherwise disposing
of all or any part of the Shares in violation of the Federal securities laws. Investor understands that,
although there is a public market for the Shares, there is no assurance that such market will continue in the future.

 

7.7.         Entity
Authority. If Investor is a corporation, partnership, company, trust, employee benefit plan, individual retirement account,
Keogh plan or other tax-exempt entity, it is authorized and qualified to become an investor in the Shares and the person signing
this Subscription Agreement on behalf of such entity has been duly authorized by such entity to do so.

 

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7.8.         For
Florida Residents. The Shares have not been registered under the Securities Act, or the Florida Securities and Investor Protection
Act (“Florida Securities Act”), by reason of specific exemptions thereunder relating to the limited availability of
the offering. The Shares cannot be sold, transferred or otherwise disposed of to any person or entity unless subsequently registered
under the Securities Act or the Florida Securities Act, if such registration is required. Pursuant to Section 517.061(11) of the
Florida Securities Act, when sales are made to five (5) or more persons in Florida, any sale made pursuant to Subsection 517.061(11)
of the Florida Securities Act will be voidable by such Florida purchaser either within three (3) days after the first tender of
consideration is made by the purchaser to the issuer, an agent of the issuer, or an escrow agent, or within three (3) days after
the availability of the privilege is communicated to such purchaser, whichever occurs later. In addition, as required by Section
517.061(11)(a)(3) of the Florida Securities Act and by Rule 69W-500.005(5)(a) thereunder, if Investor is a Florida resident Investor
may have, at the offices of the Company, at any reasonable hour, after reasonable notice, access to the materials set forth in
such Rule that the Company can obtain without unreasonable effort or expense.

 

8.           Indemnification.
Investor hereby agrees to indemnify and hold harmless the Company, its officers, directors, shareholders, employees, agents and
attorneys against any and all losses, claims, demands, liabilities, and expenses (including reasonable legal or other expenses
incurred by each such person in connection with defending or investigating any such claims or liabilities, whether or not resulting
in any liability to such person or whether incurred by the indemnified party in any action or proceeding between the indemnitor
and indemnified party or between the indemnified party and any third party) to which any such indemnified party may become subject,
insofar as such losses, claims, demands, liabilities and expenses (a) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact made by Investor and contained herein or (b) arise out of or are based upon any breach by Investor
of any representation, warranty or agreement made by Investor contained herein

 

9.           Severability;
Remedies. In the event any part or parts of this Subscription Agreement are found to be void, the remaining provisions
of this Subscription Agreement are nevertheless binding with the same effect as though the void part or parts were deleted.

 

10.          Governing
Law. This Agreement shall be governed by and construed in accordance with the law of the State of Delaware regardless of
the law that might otherwise govern under applicable principles of conflicts of law thereof.

 

11.          Counterparts.
This Subscription Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which
together will constitute one and the same instrument. The execution of this Subscription Agreement may be by actual or facsimile
signature.

 

12.          Benefit.
Except as otherwise set forth herein, this Subscription Agreement is binding upon and inures to the benefit of the parties hereto
and their respective heirs, executors, personal representatives, successors and assigns.

 

13.          Notices.
All notices, offers, acceptance and any other acts under this Subscription Agreement (except payment) must be in writing, and is
sufficiently given if delivered to the addressees in person, by overnight courier service, facsimile, electronic transmission (including
via email) or, if mailed, postage prepaid, by certified mail (return receipt requested), and will be effective three days after
being placed in the mail if mailed, or upon receipt or refusal of receipt, if delivered personally or by courier or confirmed telecopy
or other electronic transmission (including via email), in each case addressed to a party. All communications to Investor should
be sent to Investor’s address on the signature page hereto. All future communications to the Company should be sent to:

 

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ASCEND ACQUISITION CORP.

970 West Broadway, PMB 402

Jackson, WY 83002

Attention: Jonathan J. Ledecky

Telephone: 307-734-2645

Email: jledecky@aol.com

 

14.          Oral
Evidence. This Subscription Agreement constitutes the entire agreement between the parties with respect to the subject
matter hereof and supersedes all prior oral and written agreements between the parties hereto with respect to the subject matter
hereof. This Subscription Agreement may not be changed, waived, discharged, or terminated orally, but rather, only by a statement
in writing signed by the party or parties against which enforcement or the change, waiver, discharge or termination is sought.

 

15.          Paragraph
Headings. Paragraph headings herein have been inserted for reference only and will not be deemed to limit or otherwise
affect, in any matter, or be deemed to interpret in whole or in part, any of the terms or provisions of this Subscription Agreement.

 

16.          Survival
of Representations, Warranties and Agreements. The representations, warranties and agreements contained herein will survive
the delivery of, and the payment for, the Shares.

 

[SIGNATURE PAGES FOLLOW]

 

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INDIVIDUAL and JOINT INVESTORS – Complete
All Information

Additional information may be requested

  

	Investor’s Name:	 

 

	Date of Birth:	 	 	SSN/Tax ID:	 

 

	Co-Investor Name:	 

 

	Date of Birth:	 	 	SSN/Tax ID:	 

 

	Home Street Address:	 

 

	City:	 	 	State:_________	Zip Code:____________

 

	Mailing Street Address:	 

 

	City:	 	 	State:_________	Zip Code:____________

 

	Work Phone:	 	 	Home Phone:	 

 

	E-Mail Address:	 

 

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ENTITY INFORMATION – Complete All Information

 

	Entity Name:	 

 

	Tax ID:	 	 	State of Formation:	 

 

	Company Street Address:	 

 

	City:	 	 State:	_________	Zip Code:__________________

 

	Primary Contact:	 	 	Title:	 

 

	Telephone Number:	 	 	Fax Number:	 

 

	Email Address:	 

 

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SIGNATURE PAGE

 

I/We am(are) affirming that all the information contained herein
is true and correct to the best of my/our knowledge and belief, including the attached schedule. If I am signing on behalf of an
entity or trust I represent I have the authority to make investment decisions for the entity. I also understand that a background/credit
check maybe conducted for the purposes of detecting and deterring money laundering.

 

	 	 	 	 
	Signature	 	 	Date
	 	 	 	 
	 	 	 	 
	Print Name	 	 	 
	 	 	 	 
	 	 	 	 
	Title (if applicable)	 	 	 
	 	 	 	 
	 	 	 	 
	Signature	 	 	Date
	 	 	 	 
	 	 	 	 
	Print Name	 	 	 
	 	 	 	 
	 	 	 	 
	Title (if applicable)	 	 	 
	 	 	 	 
	The foregoing subscription is accepted and the Company hereby agrees to be bound by its terms.
	 	 	 	 
	ASCEND ACQUISITION CORP.	 	 	 
	 	 	 	 
	 	 	 
	Name	 	Title:
	 	 	 	 
	 	 	 	 
	Date	 	 	 

 

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Additional Information

 

Trusts (Complete for all Trustees and Person who have Contributed
Assets):

 

	 	 
	Name	 
	 	 
	Please check the appropriate box:	 
	 	 
	 ̈ Trustee         ̈ Contributed Assets	 
	 	 
	 	 
	Name	 
	 	 
	Please check the appropriate box:	 
	 	 
	 ̈ Trustee          ̈ Contributed Assets	 
	 	 
	 	 
	Name	 
	 	 
	Please check the appropriate box:	 
	 	 
	 ̈ Trustee          ̈ Contributed Assets	 

 

    	12INDEMNIFICATION AGREEMENT

 

This Agreement, made and
entered into as of the 29th day of February, 2012 (“Agreement”), by and between Ascend Acquisition Corp.,
a Delaware corporation (“Corporation”), and __________ (“Indemnitee”):

 

WHEREAS, highly competent
persons recently have become more reluctant to serve as directors, officers, or in other capacities of publicly held corporations
and other corporations that have non-employee investors among their stockholders or conduct operations in regulated industries
unless they are provided with better protection from the risk of claims and actions against them arising out of their services
to and activities on behalf of such corporation; and

 

WHEREAS, the adoption of
The Sarbanes - Oxley Act of 2002 and other laws, rules and regulations being promulgated have increased the potential for liability
of officers and directors; and

 

WHEREAS, the Corporation
has determined that the inability to attract and retain such persons is detrimental to the best interests of the Corporation’s
stockholders and that such persons should be assured that they will have better protection in the future; and

 

WHEREAS, it is reasonable,
prudent and necessary for the Corporation to obligate itself contractually to indemnify such persons to the fullest extent permitted
by applicable law so that such persons will serve or continue to serve the Corporation free from undue concern that they will not
be adequately indemnified; and

 

WHEREAS, this Agreement is
a supplement to and in furtherance of the Certificate of Incorporation and Bylaws of the Corporation, and any resolutions adopted
pursuant thereto and shall neither be deemed to be a substitute therefor nor diminish or abrogate any rights of Indemnitee thereunder;
and

 

WHEREAS, Indemnitee is willing
to continue to serve and to take on additional service for or on behalf of the Corporation on the condition that he or she be indemnified
according to the terms of this Agreement;

 

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

 

    	 

    	 

    

 

1.           Definitions.
For purposes of this Agreement:

 

1.1           “Change
in Control” means a change in control of the Corporation occurring after the date hereof of a nature that would be required
to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule
or form) promulgated under the Securities Exchange Act of 1934, as amended (“Act”), whether or not the Corporation
is then subject to such reporting requirement provided, however, that, without limitation, such a Change in Control shall be deemed
to have occurred if after the date hereof (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Act), other than a person who is an officer or director of the Corporation on February 29, 2012 (and any of such person’s
affiliates), is or becomes “beneficial owner” (as defined in Rule 13d-3 under the Act) directly or indirectly, of securities
of the Corporation representing 50% or more of the combined voting power of the then outstanding securities of the Corporation
without the prior approval of at least two-thirds of the members of the Board in office immediately prior to such person attaining
such percentage interest; (ii) the Corporation is a party to a merger, consolidation, sale of assets or other reorganization, or
a proxy contest, as a consequence of which members of the Board of Directors (“Board”) in office immediately prior
to such transaction or event constitute less than a majority of the Board thereafter; or (iii) during any period of two consecutive
years, individuals who at the beginning of such period constituted the Board (including for this purpose any new director whose
election or nomination for election by the Corporation’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least
a majority of the Board.

 

1.2           “Corporate
Status” means the status of a person who is or was a director, officer, employee, agent or fiduciary of the Corporation or
of any subsidiary of the Corporation or any other corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise which such person is or was serving at the request of the Corporation.

 

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

 

1.4           “Expenses”
means all reasonable attorneys’ fees, retainers, court costs (including trial and appeals), 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, appealing, preparing to appeal, investigating, or being or preparing to be a witness in a Proceeding.

 

1.5           “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent: (i) the Corporation or Indemnitee in any other matter material
to either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” does not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Corporation or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement. Except as provided in the first sentence of Section 9.3 hereof, Independent
Counsel shall be selected by (a) the Disinterested Directors or (b) a committee of the Board consisting of two or more Disinterested
Directors or if (a) and (b) above are not possible, then by a majority of the full Board.

 

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1.6           “Proceeding”
means any action, suit, arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any other
proceeding, whether civil, criminal, administrative or investigative, except one initiated by an Indemnitee pursuant to Section
11 of this Agreement to enforce his rights under this Agreement.

 

2.            Services
by Indemnitee.

 

Indemnitee agrees
to continue to serve as a director, officer or employee of the Corporation or one or more of its subsidiaries. Indemnitee may at
any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by
operation of law).

 

3.            Indemnification
- General.

 

The Corporation
shall indemnify, and advance Expenses to, Indemnitee as provided in this Agreement to the fullest extent permitted by applicable
law in effect on the date hereof and to such greater extent as applicable law may thereafter from time to time permit. The rights
of Indemnitee provided under the preceding sentence shall include, but not be limited to, the rights set forth in the other Sections
of this Agreement.

 

4.            Proceedings
Other Than Proceedings by or in the Right of the Corporation.

 

Indemnitee shall
be entitled to the rights of indemnification provided in this Section if, by reason of his Corporate Status, he was or is threatened
to be made, a party to any threatened, pending or completed Proceeding, other than a Proceeding by or in the right of the Corporation.
Pursuant to this Section, Indemnitee shall be indemnified against Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or on his behalf in connection with any such Proceeding or any claim, issue or matter therein,
if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation,
and, with respect to any criminal Proceeding, had no reasonable cause to believe his conduct was unlawful.

 

5.            Proceedings
by or in the Right of the Corporation.

 

Indemnitee shall
be entitled to the rights of indemnification provided in this Section if, by reason of his Corporate Status, he is, was or is threatened
to be made, a party to any threatened, pending or completed Proceeding brought by or in the right of the Corporation to procure
a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against Expenses and amounts paid in settlement
(such settlement amounts not to exceed, in the judgment of the Board, the estimated expense of litigating the Proceeding to conclusion)
actually and reasonably incurred by him or on his behalf in connection with any such Proceeding if he or she acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation. Notwithstanding the foregoing,
no indemnification against such Expenses or amounts paid in settlement shall be made in respect of any claim, issue or matter in
any such Proceeding as to which Indemnitee has been adjudged to be liable to the Corporation if applicable law prohibits such indemnification
unless the court in which such Proceeding shall have been brought, was brought or is pending, shall determine that indemnification
against Expenses or amounts paid in settlement may nevertheless be made by the Corporation.

 

    	3

    	 

    

 

6.           Indemnification
for Expenses of Party Who is Wholly or Partly Successful.

 

Notwithstanding
any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a party to and is successful,
on the merits or otherwise, in any Proceeding, he or she shall be indemnified against all Expenses (and, when eligible hereunder,
amounts paid in settlement) actually and reasonably incurred by him or on his behalf 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 Corporation shall indemnify Indemnitee against all Expenses (and, when eligible hereunder,
amounts paid in settlement) 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, the term “successful, on the merits or otherwise,” includes,
but is not limited to, (i) any termination, withdrawal, or dismissal (with or without prejudice) of any Proceeding against the
Indemnitee without any express finding of liability or guilt against him, and (ii) the expiration of 90 days after the making of
any claim or threat of a Proceeding without the institution of the same and without any promise or payment made to induce a settlement.

 

7.            Indemnification
for Expenses as 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,
he shall be indemnified against all Expenses actually and reasonably incurred by him on his behalf in connection therewith.

 

8.            Advancement
of Expenses and Other Amounts.

 

The Corporation
shall advance all Expenses, judgments, penalties, fines and, when eligible hereunder, amounts paid in settlement, incurred by or
on behalf of Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Corporation of a statement
or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition
of such Proceeding. Such statement or statements shall reasonably evidence the Expenses, judgments, penalties, fines and amounts
paid in settlement, incurred by Indemnitee and shall include or be preceded or accompanied by an agreement by or on behalf of Indemnitee
to repay any Expenses, judgments, penalties, fines and amounts paid in settlement advanced if it shall ultimately be determined
that Indemnitee is not entitled to be indemnified against such Expenses, judgments, penalties, fines and, when eligible hereunder,
amounts paid in settlement.

 

    	4

    	 

    

 

9.           Procedure
for Determination of Entitlement to Indemnification.

 

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

 

9.2           Upon
written request by Indemnitee for indemnification pursuant to Section 9.1 hereof, a determination, if required by applicable law,
with respect to Indemnitee’s entitlement thereto shall be made in such case: (i) if a Change in Control shall have occurred,
by Independent Counsel (unless Indemnitee shall request that such determination be made by the Board or the stockholders, in which
case in the manner provided for in clauses (ii) or (iii) of this Section 9.2) in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee; (ii) if a Change of Control shall not have occurred, (A) by the Board by a majority vote of a
quorum consisting of Disinterested Directors, or (B) if a quorum of the Board consisting of Disinterested Directors is not obtainable,
by a majority of a committee of the Board consisting of two or more Disinterested Directors, or (C) by Independent Counsel in a
written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (D) by the stockholders of the Corporation,
by a majority vote of a quorum consisting of stockholders who are not parties to the proceeding, or if no such quorum is obtainable,
by a majority vote of stockholders who are not parties to such proceeding; or (iii) as provided in Section 10.2 of this Agreement.
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 person, persons or entity making such determination with respect
to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance
request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees
and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall
be borne by the Corporation (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the
Corporation hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

    	5

    	 

    

 

9.3           If
a Change of Control shall have occurred, Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that
such selection be made by the Board), and Indemnitee shall give written notice to the Corporation advising it of the identity of
Independent Counsel so selected. In either event, Indemnitee or the Corporation, as the case may be, may, within seven days after
such written notice of selection shall have been given, deliver to the Corporation or to Indemnitee, as the case may be, a written
objection to such selection. Such objection may be asserted only on the ground that Independent Counsel so selected does not meet
the requirements of “Independent Counsel” as defined in Section 1 of this Agreement, and the objection shall set forth
with particularity the factual basis of such assertion. If such written objection is made, Independent Counsel so selected may
not serve as Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20 days
after submission by Indemnitee of a written request for indemnification pursuant to Section 9.1 hereof, no Independent Counsel
shall have been selected and not objected to, either the Corporation or Indemnitee may petition the Court of Chancery of the State
of Delaware or other court of competent jurisdiction, for resolution of any objection which has been made by the Corporation or
Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person
selected by such court or by such other person as such court shall designate, and the person with respect to whom an objection
is so resolved or the person so appointed shall act as Independent Counsel under Section 9.2 hereof. The Corporation shall pay
any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with its actions
pursuant to this Agreement, and the Corporation shall pay all reasonable fees and expenses incident to the procedures of this Section
9.3, regardless of the manner in which such Independent Counsel was selected or appointed. Upon the due commencement date of any
judicial proceeding pursuant to Section 11.1(iii) of this Agreement, Independent Counsel shall be discharged and relieved of any
further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

10.         Presumptions
and Effects of Certain Proceedings.

 

10.1         In
making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification
in accordance with Section 9.1 of this Agreement, and the Corporation shall have the burden of proof to overcome that presumption
by clear and convincing evidence in connection with the making by any person, persons or entity of any determination contrary to
that presumption.

 

    	6

    	 

    

 

10.2         If
the person, persons or entity empowered or selected under Section 9 of this Agreement to determine whether Indemnitee is entitled
to indemnification shall not have made a determination within thirty (30) days after receipt by the Corporation of the request
therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall
be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or
(ii) prohibition of such indemnification under applicable law; provided, however, that such 30-day period may be extended for a
reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect
to entitlement to indemnification in good faith require(s) such additional time for the obtaining or evaluating of documentation
and/or information relating thereto; and provided, further, however, that the foregoing provisions of this Section 10.2 shall not
apply (i) if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 9.2 of this
Agreement and if (A) within 15 days after receipt by the Corporation of the request for such determination the Board has resolved
to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held within 75 days
after such receipt and such determination is made thereat, or (B) a special meeting of stockholders is called within 15 days after
such receipt for the purpose of making such determination, such meeting is held for such purpose within 60 days after having been
so called and such determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made
by Independent Counsel pursuant to Section 9.2 of this Agreement. In connection with each meeting at which a stockholder determination
will be made, the Corporation shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee.
The Corporation shall afford the Indemnitee ample opportunity to present evidence of the facts upon which the Indemnitee relies
for indemnification in any Corporation proxy statement relating to such shareholder determination. Subject to the fiduciary duties
of its members under applicable law, the Board will not recommend against indemnification or reimbursement in any proxy statement
relating to the proposal to indemnify or reimburse the Indemnitee.

 

10.3         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 his conduct was unlawful.

 

10.4         Reliance
as Safe Harbor. For purposes of this Agreement, the Indemnitee shall be deemed to have acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the Corporation, or, with respect to any criminal Proceeding,
to have had no reasonable cause to believe his conduct was unlawful, if his action is based on (i) the records or books of account
of the Corporation, or another enterprise, including financial statements, (ii) information supplied to him by the officers of
the Corporation or another enterprise in the course of their duties, (iii) the advice of legal counsel for the Corporation or another
enterprise, or of an independent certified public accountant or an appraiser or other expert selected with reasonable care by the
Corporation or another enterprise. The term “another enterprise” as used in this Section shall mean any other corporation
or any partnership, joint venture, trust, employee benefit plan or other enterprise of which the Indemnitee is or was serving at
the request of the Corporation as a director, officer, partner, trustee, employee or agent. The provisions of this Section shall
not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met
the applicable standard of conduct set forth herein. Whether or not the foregoing provisions of this Section 10.4 are satisfied,
it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the Corporation, or, with respect to any criminal Proceeding, to have had no reasonable
cause to believe Indemnitee’s conduct was unlawful. Anyone seeking to overcome this presumption shall have the burden of
proof and the burden of persuasion by clear and convincing evidence.

 

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11.         Remedies
of Indemnitee.

 

11.1         In
the event that (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination
of indemnification is to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall
not have been made and delivered in a written opinion within 30 days after receipt by the Corporation of the request for indemnification,
(iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the
Corporation of a written request therefor, or (v) payment of indemnification is not made within thirty (30) days after a determination
has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section
9 or 10 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Delaware, or
in any other court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses, judgments,
penalties, fines or, when eligible hereunder, amounts paid in settlement. The Corporation shall not oppose Indemnitee’s right
to seek any such adjudication.

 

11.2         In
the event that a determination shall have been made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding commenced pursuant to this Section shall be conducted in all respects as a de novo trial
on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination.

 

11.3         If
a determination shall have been made or deemed to have been made pursuant to Section 9 or 10 of this Agreement that Indemnitee
is entitled to indemnification, the Corporation shall be bound by such determination in any judicial proceeding commenced pursuant
to this Section, 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) prohibition
of such indemnification under applicable law.

 

11.4         The
Corporation shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 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.

 

    	8

    	 

    

 

11.5         In
the event that Indemnitee, pursuant to this Section, seeks a judicial adjudication of his or her rights under, or to recover damages
for breach of, this Agreement, Indemnitee shall be entitled to recover from the Corporation, and shall be indemnified by the Corporation
against, any and all expenses (of the kinds described in the definition of Expenses) actually and reasonably incurred by him or
her in such judicial adjudication, but only if he or she prevails therein. If it shall be determined in such judicial adjudication
that Indemnitee is entitled to receive less than all of the indemnification or advancement of expenses sought, the expenses incurred
by Indemnitee in connection with such judicial adjudication shall be appropriately prorated.

 

12.         Procedure
Regarding Indemnification.

 

With respect to any Proceedings,
the Indemnitee, prior to taking any action with respect to such Proceeding, shall consult with the Corporation as to the procedure
to be followed in defending, settling, or compromising the Proceeding and may not consent to any settlement or compromise of the
Proceeding without the written consent of the Corporation (which consent may not be unreasonably withheld or delayed). The Corporation
shall be entitled to participate in defending, settling or compromising any Proceeding and to assume the defense of such Proceeding
with counsel of its choice and shall assume such defense if requested by the Indemnitee. Notwithstanding the election by, or obligation
of, the Corporation to assume the defense of a Proceeding, the Indemnitee shall have the right to participate in the defense of
such Proceeding and to employ counsel of Indemnitee’s choice, but the fees and expenses of such counsel shall be at the expense
of the Indemnitee unless (i) the employment of such counsel has been authorized in writing by the Company, or (ii) the Indemnitee
has reasonably concluded that there may be defenses available to him or her which are different from or additional to those available
to the Corporation (in which latter case the Corporation shall not have the right to direct the defense of such Proceeding on behalf
of the Indemnitee), in either of which events the fees and expenses of not more than one additional firm of attorneys selected
by the Indemnitee shall be borne by the Corporation. If the Corporation assumes the defense of a Proceeding, then counsel for the
Corporation and Indemnitee shall keep Indemnitee reasonably informed of the status of the Proceeding and promptly send to Indemnitee
copies of all documents filed or produced in the Proceeding, and the Corporation shall not compromise or settle any such Proceeding
without the written consent of the Indemnitee (which consent may not be unreasonably withheld or delayed) if the relief provided
shall be other than monetary damages and shall promptly notify the Indemnitee of any settlement and the amount thereof.

 

13.         Non-Exclusivity;
Survival of Rights; Insurance; Subrogation; Contribution.

 

13.1         The
rights of indemnification and to receive advancement of Expenses 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 certificate of incorporation or by-laws
of the Corporation, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration
or repeal of this Agreement or any provision hereof shall be effective as to any Indemnitee with respect to any action taken or
omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal.

 

    	9

    	 

    

 

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

 

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

 

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

 

13.5         (a)          If
a determination is made that Indemnitee is not entitled to indemnification, after Indemnitee submits a written request therefor,
under this Agreement, then in respect of any threatened, pending or completed Proceeding in which the Corporation is jointly liability
with the 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 by the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits
received by the Corporation on the one hand and the Indemnitee on the other hand from the transaction from which Proceeding arose,
and (ii) the relative fault of the Corporation on the one hand and of the Indemnitee on the other hand in connection with the events
that resulted in such Expenses, judgments, fines or amounts paid in settlement, as well as any other relevant equitable considerations.
The relative fault of the Corporation on the one hand and of the Indemnitee on the other hand shall be determined by reference
to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
the circumstances resulting in such Expenses, judgments, fines or amounts paid in settlement. The Corporation agrees that it would
not be just and equitable if contribution pursuant to this Section were determined by pro rata allocation or any other method of
allocation that does not take into account the foregoing equitable considerations.

 

    	10

    	 

    

 

(b)          The
determination as to the amount of the contribution, if any, shall be made by:

 

(i)          a
court of competent jurisdiction upon the applicable of both the Indemnitee and the Corporation (if the Proceeding had been brought
in, and final determination had been rendered by such court);

 

(ii)         the
Board by a majority vote of a quorum consisting of Disinterested Directors; or

 

(iii)        Independent
Counsel, if a quorum is not obtainable for purpose of (ii) above, or, even if obtainable, a quorum of Disinterested Directors so
directs.

 

14.         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 and/or officer of the Corporation, or (b) the final termination of all pending Proceedings in respect of which Indemnitee
is granted rights of indemnification or advancement of Expenses, judgments, penalties, fines or amounts paid in settlement hereunder
and or any proceeding commenced by Indemnitee pursuant to Section 11 of this Agreement. This Agreement shall be binding upon the
Corporation and its successors and assigns and shall inure to the benefit of Indemnitee and his spouse, heirs, executors, personal
representatives and administrators.

 

15.         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 (b) 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 by the provision held invalid, illegal or unenforceable.

 

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16.         Entire
Agreement.

 

This Agreement constitutes
the entire agreement between the Corporation and the Indemnitee with respect to the subject matter hereof and supercedes all prior
agreements, understanding, negotiations and discussion, both written and oral, between the parties hereto with respect to such
subject matter (the “Prior Agreements”); provided, however, that if this Agreement shall ever be held void or unenforceable
for any reasons whatsoever, and is not reformed pursuant to Section 15 hereof, then (i) this Agreement shall not be deemed to have
superceded any Prior Agreements; (ii) all of such Prior Agreements shall be deemed to be in full force and effect notwithstanding
the execution of this Agreement; and (iii) the Indemnitee shall be entitled to maximum indemnification benefits provided under
any Prior Agreements, as well as those provided under applicable law, the certificate of incorporation or by-laws of the Corporation,
a vote of stockholders or resolution of directors.

 

17.         Exception
to Right of Indemnification or Advancement of Expenses.

 

Except as provided
in Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect
to any Proceeding, or any claim therein, brought or made by him against the Corporation.

 

18.         Covenant
Not to Sue; Limitation of Actions; Release of Claims.

 

No legal action shall be
brought and no cause of action shall be asserted by or on behalf of the Corporation (or any of its subsidiaries) against the Indemnitee,
his spouse, heirs, executors, personal representatives or administrators after the expiration of two (2) years from the date of
accrual of such cause of action and any claim or cause of action of the Corporation (or any of its subsidiaries) shall be extinguished
and deemed released unless asserted by the filing of a legal action within such two (2) year period; provided, however, that if
any shorter period of limitation is otherwise applicable to any such cause of action, such shorter period shall govern.

 

19.         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.

 

20.         Headings.

 

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.

 

21.         Modification
and Waiver.

 

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

 

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22.         Notice
by Indemnitee.

 

Indemnitee agrees
promptly to notify the Corporation in writing upon being served with any summons, citation, subpoena, complaint, indictment, information
or other document relating any Proceeding or matter which may be subject to indemnification or advancement of Expenses, judgments,
penalties, fines or amounts paid in settlement covered hereunder.

 

23.         Notices.

 

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

 

If to Indemnitee,
to:

 

If to the Corporation, to: 

             

	 	Ascend Acquisition Corp.
	 	970 West Broadway, PMB 402
	 	Jackson, Wyoming 83002
	 	Attention:  Chief Executive Officer

 

or to such other address or such other person
as Indemnitee or the Corporation shall designate in writing in accordance with this Section, except that notices regarding changes
in notices shall be effective only upon receipt.

 

24.         Governing
Law.

 

The parties agree
that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware applicable
to contracts made and performed in that state without giving effect to the principles of conflicts of laws.

 

25.         Miscellaneous.

 

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

 

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

 

	 	ASCEND ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	INDEMNITEE
	 	 

 

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