Document:

Exhibit 10.34

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(this “Agreement”) is made effective as of the 28th day of October 2015 (the “Effective Date”)
by and between Jeffrey Schuett, an individual (“Employee”) and OMINTO, INC., a Nevada corporation (“Company”).

 

RECITALS

 

Company wishes to
employ Employee, and Employee wishes to be employed by Company, in accordance with the terms and conditions hereinafter set forth.

 

NOW, THEREFORE, in
consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, each of Employee and Company hereby agree as follows:

 

1.         Employment. Company hereby employs Employee and hereby affirms the employment of Employee as the Executive VP of Operations
and Solutions Development, and Employee hereby affirms, renews and accepts such employment, for the “Term” (as defined
in Section 3 below), upon the terms and conditions set forth herein.

 

2.         Position and Duties. During the Term of this Agreement, the Employee shall be employed and serve as the Executive VP of
Operations and Solutions Development of Company, and shall have such duties typically associated with such title and shall exercise
such power and authority as may, from time to time, be delegated to him by the Chief Executive Officer of Company. The Employee
shall devote his full business time, attention and efforts to the performance of his duties under this Agreement, render such services
to the best of his ability, and use his reasonable best efforts to promote the interests of Company. The Employee shall not engage
in any other business or occupation during the Term, including, without limitation, any activity that (i) conflicts with the interests
of Company and its affiliated entities, (ii) interferes with the proper and efficient performance of his duties for Company, or
(iii) interferes with the exercise of his judgment in Company’s best interest. Notwithstanding the foregoing or any other
provision of this Agreement, it shall not be a breach or violation of this Agreement for the Employee to (x) serve on civic or
charitable boards or committees, (y) deliver lectures, fulfill speaking engagements or teach at educational institutions on a part-time
basis approved by the Board of Directors, or (z) manage personal investments, so long as such activities do not significantly interfere
with or significantly detract from the performance of the Employee’s responsibilities to Company in accordance with this
Agreement.

 

3.         Term.
The “Term” of this Agreement shall commence on the Effective Date and continue thereafter for a term of five (5)
years (the “Initial Term”), as may be extended or earlier terminated pursuant to the terms and conditions of this
Agreement. The Term of this Agreement shall automatically renew for successive one (1) year periods after the first five (5)
years from the Effective Date unless, within sixty (60) days of the expiration of the then existing Term, Company or
Employee provides written notice to the other party that it elects not to renew the Term. Upon delivery of such notice, this
Agreement shall continue until expiration of the Term, whereupon this Agreement shall terminate.

 

    	EXECUTION COPY	 	1

     

    

 

4.           Compensation.

 

4.1           Salary. Company
shall pay to Employee a total minimum annual salary of Two Hundred and Fifty Thousand Dollars ($250,000.00) (the
“Minimum Salary”), payable in equal installments at the end of such regular payroll accounting periods as are
established by Company, or in such other installments upon which the parties hereto shall mutually agree. The Minimum Salary
shall be paid to Employee by the Company, subject to the terms set out below. In addition, Company may pay additional salary
from time to time, and award bonuses in cash, stock or stock options or other property and services, as Company may determine
in its sole discretion or pursuant to separate agreements with Employee.

 

4.2           Stock
Option. The Company shall grant 5 million options which options shall vest in quarterly installments over three years and
be exercisable at a price equal to the market price of the Company’s common stock on the date that the Stock Option
Agreement is approved by the Compensation Committee of the Board of Directors of the Company.

 

4.3           Bonus
Plan. Employee shall be eligible to earn a bonus for the maximum amount of twenty-five (25%) percent of Minimum Salary
during the Term of this Agreement. The terms of the Bonus Plan shall be mutually agreed upon by the parties on a subsequent
date and subject to approval by the Compensation Committee of the Board of Directors. Company reserves the right to amend the
terms of this Section 4.3 at any time in its sole discretion.

 

4.4           Benefits. During
the Term, Employee shall be entitled to participate in all medical and other employee benefit plans, including vacation, sick
leave, retirement accounts, profit sharing, stock option plans, stock appreciation rights, and other employee benefits,
provided by the Company to employees similarly situated.

 

4.5           Expense
Reimbursement. Company shall reimburse Employee for reasonable and necessary expenses incurred by him on behalf of
Company in the performance of his duties hereunder during the Term, provided that such expenses are adequately documented in
accordance with Company’s then customary reimbursement policies.

 

5.           Indemnification. 

 

5.1           Third
Party Actions. Subject to limitations imposed by law, Company shall indemnify and hold harmless the Employee to the
fullest extent permitted by law from and against any and all claims, damages, expenses (including reasonable attorneys’
fees), judgments, penalties, fines, settlements, and all other liabilities incurred or paid by him in connection with the
investigation, defense, prosecution, settlement or appeal of any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative and to which the Employee was or is a party or is threatened to be
made a party by reason of the fact that the Employee is or was an officer, Employee or agent of Company, or by reason of
anything done or not done by the Employee in any such capacity or capacities, provided that the Employee acted in good faith,
in a manner that was not grossly negligent or constituted willful misconduct and in a manner he reasonably believed to be in
or not opposed to the best interests of Company, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful.

 

    	EXECUTION COPY	 	2

     

    

 

5.2           Employee
Reimbursement of Expenses. The Employee hereby undertakes and agrees to repay to Company any advances made pursuant to
this Section 5 if and to the extent that it shall ultimately be found that the Employee is not entitled to be indemnified by
Company for such amounts.

 

5.3           Insurance. Company
shall purchase and maintain directors' and officers insurance which includes Employee as an insured against
liability asserted against or incurred by Employee in any capacity or arising out of Employee's status as such, whether or
not Company has the power to indemnify Employee against that liability under the provisions of this Section 5.

 

5.4           Survival. The
provisions of this Section 5 shall survive the termination of the Term of Employment or expiration of the term of
this Agreement.

 

6.           Confidential Information/ Inventions.

 

6.1           Confidentiality. During
the Term of this Agreement and for three (3) years thereafter, Employee shall not, in any manner, for any reason,
either directly or indirectly, divulge or communicate to any person, firm or corporation, any confidential information
concerning any matters not generally known in Company's industry or otherwise made public by Company which affects or relates
to Company's business, finances, marketing and/ or operations, research, development, inventions, products, designs, plans,
procedures, or other data (collectively, “Confidential Information”) except in the ordinary course of his duties
for Company or as required by applicable law. Without regard to whether any item of Confidential Information is deemed or
considered confidential, material, or important, the parties hereto stipulate that as between them, to the extent such item
is not generally known in the Company's industry, such item is important, material, and confidential and affects the
successful conduct of Company’s business and good will, and that any breach of the terms of this Section 6.1 shall be a
material and incurable breach of this Agreement.

 

6.2           Documents
Owned by Company. Employee further agrees that all documents and materials furnished to Employee by Company and relating
to Company’s business or prospective business are and shall remain the exclusive property of Company as the case may
be. Employee shall deliver all such documents and materials to Company upon demand therefore and in any event upon expiration
or earlier termination of this Agreement. Any payment of sums due and owing to Employee by Company upon such expiration or
earlier termination shall be conditioned upon returning all such documents and materials, and Employee expressly authorizes
Company to withhold any payments due and owing pending return of such documents and materials.

 

    	EXECUTION COPY	 	3

     

    

 

6.3           Inventions. All
ideas, inventions, and other developments or improvements conceived or reduced to practice by Employee, alone or with
others, during the term of this Agreement, whether or not during working hours, that are within the scope of the business of
Company or that relate to or result from any of Company's work or projects or the services provided by Employee to Company
pursuant to this Agreement, shall be the exclusive property of Company. Employee agrees to assist Company during the Term of
this Agreement, at Company’s expense, to obtain patents and copyrights on any such ideas, inventions, writings, and
other developments, and agrees to execute all documents necessary to obtain such patents and copyrights in the name of
Company.

 

7.           Covenant Not to Compete. During the Term of this Agreement, Employee shall not engage in any of the following competitive
activities: (a) engaging directly or indirectly in any business or activity substantially similar to any business or activity engaged
in by Company as of the date of this Agreement; (b) soliciting the services of, hiring or taking away any employee, agent, representative,
contractor, supplier, vendor, customer, franchisee, lender officer, director or investor of Company or its affiliated companies
or successors either on behalf of himself or for any other person, firm or corporation, or attempting to so solicit, hire or take
away; or (c) otherwise interfering with any contractual or other relationship between Company and any employee, agent, representative,
contractor, supplier, vendor, customer, franchisee, lender or investor.

 

8.           Survival of Covenant Not to Compete. Employee agrees that the provisions of Section 7 shall survive expiration or earlier
termination of this Agreement for any reason, whether voluntary or involuntary, with or without cause, and shall remain in full
force and effect thereafter for a period of one (1) year.

 

9.           Injunctive Relief. Employee acknowledges and agrees that the covenants and obligations of Employee set forth in Sections
6 and 7 with respect to non-competition, non-solicitation, confidentiality and the Company's property relate to special, unique
and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause Company irreparable
injury for which adequate remedies are not available at law. Therefore, Employee agrees that Company shall be entitled to an injunction,
restraining order or such other equitable relief (without the requirement to post bond) as a court of competent jurisdiction may
deem necessary or appropriate to restrain Employee from committing any violation of the covenants and obligations referred to in
this Section 9. These injunctive remedies are cumulative and in addition to any other rights and remedies Company may have at law
or in equity.

 

10.         Termination

 

10.1         Termination
by Employee. Employee may terminate this Agreement without cause at any time and for “good reason”. For
purposes of this Agreement, the term “good reason” for termination by Employee shall mean (a) any material
reduction in the amount or type of compensation paid to the Employee or material reduction in benefits inconsistent with
benefit reductions taken by other members of Company’s senior management; or (b) the Board or Company requests the
Employee to engage in actions that would constitute illegal or unethical acts; or (c) any material breach of any written
agreement entered into between the Employee and Company, including this Agreement, which is not remedied by Company within
thirty (30) days after receipt of notice thereof given by the Employee. Company will have thirty (30) days in which to cure
the reason(s) provided by the Employee. At the end of the 30-day period, if Company has not cured the Good Reason cause of
the Employee's termination, the Employee's employment will terminate following a reasonable transition period specified by
Company not to exceed thirty (30) days. The written notice given hereunder by Employee to Company shall specify in reasonable
detail the cause for termination. The Employee shall be entitled to voluntarily terminate his employment with Company prior
to the end of the Employment Term upon ninety (90) days prior written notice from the Employee to the Company.

 

    	EXECUTION COPY	 	4

     

    

 

10.2         Termination
by Company. Company may terminate its employment of Employee under this Agreement without cause at any time and for any reason
upon ninety (90) days’ written notice to Employee. Company may terminate its employment of Employee under this Agreement
for cause at any time by written notice to Employee. For purposes of this Agreement, the term “cause” for termination
by Company shall be the Employee’s (a) commission of a felony or other crime involving moral turpitude, or the commission
of any other act or omission involving dishonesty or fraud with respect to Company or any of its respective customers or suppliers;
(b) breach of fiduciary duty, willful misconduct or gross negligence with respect to Company; (c) substantial and repeated failure
to perform duties as reasonably directed in writing by the Board of Directors; provided, however, that if any such breach
is subject to cure, Employee shall be entitled to written notice of and an opportunity to cure such breach to the Board of Directors’
reasonable satisfaction within 30 calendar days of notice of such breach; (d) material breach of this Agreement; provided, however,
that if any such breach is subject to cure, Employee shall be entitled to written notice of and an opportunity to cure such
breach to the Board of Directors’ reasonable satisfaction within 30 calendar days of notice of such breach; (e) any action
taken against Employee by a regulatory body or self-regulatory organization that materially impairs the Employee from performing
his duty for a period of more than 180 days; or (f) alcoholism or drug addiction which materially impairs the Employee’s
ability to perform his duties.

 

An act or failure to act shall not be
“willful” if (A) done by the Employee in good faith and (B) the Employee reasonably believed that such action or inaction
was in the best interests of Company. The written notice given hereunder by Company to Employee shall specify in reasonable detail
the cause for termination. In the case of a termination for the cause described in (a) above, such termination shall be effective
upon receipt of the written notice.

 

10.3         Severance. Upon
a termination of this Agreement with cause by Company, Company shall immediately pay to Employee all accrued and
unpaid compensation as of the date of such termination, and Employee shall not be entitled to a “Severance
Payment.” Upon a termination of this Agreement with “good reason” by Employee or without cause by Company,
Company shall immediately pay to Employee all accrued and unpaid compensation as of the date of such termination plus the
Severance Payment. The accrued compensation due and payable at termination shall bear interest at the lesser of six percent
(6%) per annum or the maximum rate permitted by law until such amounts are paid in full. If this Agreement is terminated with
“good reason” by Employee or for any reason by Company the “Severance Payment” shall equal the total
amount of salary payable to Employee under Section 4.1 of this Agreement from the date of such termination until three (3)
months after termination payable in equal installments at the end of such regular payroll accounting periods as are
established by Company, or in such other installments upon which the parties hereto shall mutually agree. After one year of
employment, the “Severance Payment” shall increase to the total amount of salary payable to Employee under
Section 4.1 of this Agreement from the date of such termination until six (6) months after termination. If this Agreement is
terminated for any reason by Employee or Company, all vested stock options then held by the Employee will remain exercisable
for a period of ninety (90) days from the date of such termination, but in no event later than the expiration date of the
option.

 

    	EXECUTION COPY	 	5

     

    

 

11.         Termination Upon Death. If Employee dies during the term of this Agreement, this Agreement shall terminate, except that
Employee’s legal representatives shall be entitled to receive any earned but unpaid compensation due hereunder. All vested
stock options then held by the Employee will remain exercisable for a period of three (3) years from the date of the Employee’s
death, but in no event later than the expiration date of the option.

 

12.         Termination Upon Disability. If, during the term of this Agreement, Employee suffers and continues to suffer from a “Disability”
(as defined below), then Company may terminate this Agreement by delivering to Employee sixty (60) calendar days prior written
notice of termination based on such Disability, setting forth with specificity the nature of such Disability and the determination
of Disability by Company. For the purposes of this Agreement, “Disability” means Employee’s inability, with reasonable
accommodation, to substantially perform Employee’s duties, services and obligations under this Agreement due to physical
or mental illness or other disability for a continuous, uninterrupted period of ninety (90) calendar days. All vested stock options
held by the Employee will remain exercisable for a period of ninety (90) days from the date of termination due to Disability, but
in no event later than the expiration date of the option.

 

13.         Personnel Policies, Conditions, And Benefits. Except as otherwise provided herein, Employee’s employment shall be
subject to the personnel policies and benefit plans which apply generally to Company's employees as the same may be interpreted,
adopted, revised or deleted from time to time, during the term of this Agreement, by Company in its sole discretion. During the
term hereof, Employee shall receive the following:

 

13.1         Vacation.
Employee shall be entitled to vacation during each year of the term at the rate of four (4) weeks per year; provided that any unused
vacation shall accrue until March 30 of the following calendar year.

 

14.         Beneficiaries of Agreement. This Agreement shall inure to the benefit of Company and any affiliates, successors, assigns,
parent corporations, subsidiaries, and/or purchasers of Company as they now or shall exist while this Agreement is in effect. This
Agreement shall be not be assignable by Employee.

 

15.         No Waiver. No failure by either party to declare a default based on any breach by the other party of any obligation under
this Agreement, or failure of such party to act quickly with regard thereto, shall be considered to be a waiver of any such obligation,
or of any future breach.

 

    	EXECUTION COPY	 	6

     

    

 

16.         Modification. No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained
shall be valid unless in writing and duly executed by the parties to be charged therewith.

 

17.         Choice Of Law/Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the headquarters
of Company, without regard to any conflict-of-laws principles. Company and Employee hereby consent to personal jurisdiction before
all courts in the County of Company's headquarters, and hereby acknowledge and agree that a court in the county of Company’s
headquarters is and shall be the most proper forum to bring a complaint before a court of law.

 

18.         Taxes.
All payments made pursuant to this Agreement shall be subject to withholding of applicable income and employment taxes.

 

19.         Counterparts and Facsimile. This Agreement may be executed in counterparts and by facsimile.

 

20.         Confidentiality and Trading Restrictions. The parties agree the existence and negotiation of this Agreement, and any non-public
information exchanged in connection therewith, are confidential and they will not disclose any confidential information except
as provided herein. Either party may disclose such confidential information to its employees and advisors who are required to have
the information for the purpose of providing assistance in the negotiations. Company may disclose the existence of the negotiations
and this Agreement at such time as it determines public disclosure is required under the applicable securities laws. The parties
will not use any confidential information except for the decision whether to enter into an employment relationship and negotiating
the terms of employment. Executive will refrain from trading in the Company’s securities until 72 hours after public disclosure
by Company of this Agreement. Thereafter, Employee may trade in Company's securities only in compliance with Company's Insider
Trading Policy.

 

21.         Company Policies. The employment relationship between the parties shall be governed by the general employment policies and
practices of the Company, including but not limited to those relating to protection of confidential information and assignment
of inventions, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment
policies or practices, this Agreement shall control. Subject to the foregoing, Employee will sign within ten (10) days of presentation
by the Company, the Company’s standard Employee Proprietary Information Agreement.

 

22.         Entire Agreement. This Agreement embodies the whole agreement between the parties hereto and there are no inducements, promises,
terms, conditions, or obligations made or entered into by Company or Employee other than contained herein.

 

23.         Severability. All agreements and covenants contained herein are severable, and in the event any of them, with the exception
of those contained in Sections 1 and 4 hereof, shall be held to be invalid by any competent court, this Agreement shall be interpreted
as if such invalid agreements or covenants were not contained herein.

 

24.         Headings.
The headings contained herein are for the convenience of reference and are not to be used in interpreting this Agreement.

 

    	EXECUTION COPY	 	7

     

    

 

IN WITNESS WHEREOF, this Agreement
has been duly executed by the parties hereto as of the date first above written.

 

	OMINTO, INC. 	 	EMPLOYEE: 
	 	 	 
	By: 	/s/ Ivan Braiker	 	By: 	 
	 	Ivan Braiker, CEO/President	 	 	Jeffrey Schuett 

 

 

	EXECUTION COPY 	8Exhibit 10.35

 

 

 

November
5, 2015

 

Mr. Ivan
Braiker

President
and CEO

Ominto,
Inc.

1110-112th
Avenue NE, Suite 350

Bellevue,
WA 98004

 

Mr. Joe
Reda

Chardan
Capital Markets, LLC

17 State
Street, Suite 1600

New York,
NY 10004

 

Re:
Finder’s Agreement for Ominto, Inc. 

 

Dear Sirs:

 

It
is expected that Chardan Capital Markets, LLC (“CCM”) will be retained by Ominto, Inc. (the “Company”)
as placement agent in connection with a public offering (the “Offering”), on a best efforts basis, by the Company
for up to $24,000,000 of common stock and warrants (collectively, the “Securities”), the exact nature of which
shall be subject to negotiation between the Company and Chardan. The purpose of this Finder’s Agreement (“Agreement”)
is to confirm the agreement between the Company, CCM and Maxim Group LLC (“Maxim”), with respect to introduction
of Chardan to the Company by Maxim.

 

1.     (a)         In
consideration of the finder services provided hereunder, Maxim shall receive the following compensation (the “Finder’s
Fee”) at the closing of the Offering:

 

(i)      A
cash fee equal to four percent (4%) of the Offering proceeds; and

 

(ii)
    50% percent (50%) of any placement agent warrants received by CCM in connection with the Offering.

 

(b)         In
addition to the Finder’s Fee, the Company hereby agrees to pay on the closing date of the Offering all documented fees and
expenses incurred by Maxim incident to the performance of the obligations of the Maxim under this Agreement; provided however,
that such fees and expenses shall not exceed the fees and expenses permitted pursuant to the Maxim LOE (hereinafter defined).

 

(c)         In
connection with the entry into this Agreement by the parties, the Company and Maxim hereby agree to terminate that certain letter
agreement dated July 7, 2015 by and between the Company and Maxim (the “Maxim LOE”); provided, however,
that the Company’s obligations to Maxim pursuant to Sections 9, 10, 14 15 and 20 of the Maxim LOE shall survive such termination
and shall continue to remain in full force and effect. For the avoidance of doubt, for a period of fifteen (15) months following
the commencement of sales of the Offering, the Company agrees to grant Maxim the right of first refusal (“ROFR”)
to act as lead managing underwriter and book runner or minimally as a co-lead manager and co-book runner and/or co-lead placement
agent with at least 80.0% of the economics for any and all future public or private equity, equity-linked or debt (excluding commercial
bank debt) offerings during such fifteen (15) month period of the Company or any successor to or any subsidiary of the Company.
Additionally, in the event that the Offering does not close and the Company’s engagement of CCM as placement agent for the
Offering is terminated, the Company hereby agrees to:

 

(i)     reimburse
Maxim for the full amount of its accountable expenses incurred to such date in connection with the Offering up to a maximum of
$125,000, less the $10,000 Advance (as such term is defined in the Maxim LOE) and amounts previously paid to Maxim in reimbursement
for such expenses; and

 

Members
NASD & SIPC

405
Lexington Ave. * New York, NY 10174 * tel (212) 895-3500 * (800) 724-0761 * fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Chicago, IL* Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page 2 of 7	 

 

 	

 

 

(ii)    in
the event that the Company elects to terminate the Offering for any reason even though CCM was prepared to proceed with the Offering
on reasonable terms, the Company shall grant Maxim a ROFR, which shall become operative and legally binding on the date of such
termination and shall remain in full force in effect for a period of fifteen (15) months thereafter.

 

(d)         In
no event shall any obligations of the Company to pay fees or any other compensation to any other advisor or any other person in
connection with any Transaction reduce the compensation and other expenses payable by the Company to Maxim under this Agreement
or the Maxim LOE.

 

2.     Maxim
expressly acknowledges and agrees that it is being retained hereunder as an independent consultant to the Company solely for the
purpose of seeking a qualified placement agent for the Offering. Nothing in this Agreement shall be deemed to create an employment
relationship, partnership, joint venture or any other association between Maxim and the Company. Neither party shall have any
authority to act on behalf of or legally bind the other in any way. Maxim agrees to conduct all services provided for hereunder
in accordance with all applicable laws, rules and regulations. Maxim’s agrees that it, and not the Company, shall be responsible
for paying all federal, state, local or other taxes owed by Maxim or its affiliates in connection with its receipt of any compensation
hereunder. The provisions of this paragraph shall survive the termination and expiration of this Agreement.

 

3.     This
Agreement may be terminated by either party at any time in writing without notice at any time and for any reason; provided,
however, that no termination hereunder shall affect any rights of either party accruing prior to such termination, including
Maxim’s rights to various fees with respect to the Offering and any expenses incurred theretofore in connection with Maxim’s
obligations hereunder.

 

4.     This
Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and supersedes and cancels
any prior communications, understandings, and agreements between the parties. This Agreement cannot be modified or changed, nor
can any of its provisions be waived, except by written agreement signed by each of the parties hereto.

 

5.     The Company agrees to indemnify and hold Maxim, its officers, directors, employees, affiliates, control persons or
agents (collectively, the "Maxim Indemnified Persons") harmless from and against all losses, claims, damages,
liabilities, costs or expenses (including reasonable attorneys' and accountants' fees) (collectively, the "Liabilities")
joint and several, arising out of the performance of this Agreement, whether or not Maxim is a party to such dispute. This indemnity
shall not apply, however, and Maxim shall indemnify and hold the Company, its officers, directors, employees, affiliates, control
persons or agents (collectively, the "Company Indemnified Persons") (Maxim Indemnified Persons and Company Indemnified
Persons, collectively, "Indemnified Persons") harmless from and against all Liabilities arising out of the performance
of this Agreement that have been financially judicially determined to have resulted from Maxim’s gross negligence or willful
misconduct in the performance of its services hereunder which gave rise to loss, claim, damage, liability, cost or expense sought
to be recovered hereunder. A copy of Maxim’s standard indemnification form is attached to this engagement letter as Exhibit
A.

 

Member
FINRA & SIPC

405
Lexington Avenue * New York, NY 10174 * Tel (212) 895-3500 * (800) 724-0761 * Fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page 3  of 7	 

 

 	

 

 

6.     This
Agreement may be executed in counterparts and by facsimile, each of which, when taken together, shall constitute one and the same
agreement.

 

7.     This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to the conflict of laws principles thereof. Each of Maxim, CCM and the Company (and any individual signatory hereto): (i)
agrees that any legal suit, action or proceeding arising out of or relating to this Agreement and/or the transactions contemplated
hereby shall be instituted exclusively in New York Supreme Court, County of New York, or in the United States District Court for
the Southern District of New York, (ii) waives any objection which such party may have or hereafter to the venue of any such suit,
action or proceeding and (iii) irrevocably and exclusively consents to the jurisdiction of the New York Supreme Court, County
of New York, and the United States District Court for the Southern District of New York in any such suit, action or proceeding.

 

8.     Each
of Maxim, CCM and the Company (and any individual signatory hereto) further agrees to accept and acknowledge service of any and
all process which may be served in any such suit, action or proceeding in the New York Supreme Court, County of New York, or in
the United States District Court for the Southern District of New York and agrees that: (i) service of process upon the Company
or any such individual mailed by certified mail to the Company’s address shall be deemed in every respect effective service
of process upon the Company or any such individual in any such suit, action or proceeding, (ii) service of process upon Maxim
mailed by certified mail to the address of Maxim shall be deemed in every respect effective service process upon Maxim, in any
such suit, action or proceeding, and (iii) service of process upon CCM mailed by certified mail to the address of CCM shall be
deemed in every respect effective service process upon CCM, in any such suit, action or proceeding.

 

9.     EACH
OF CCM AND THE COMPANY (ON BEHALF OF ITSELF AND, TO THE FULLEST EXTENT PERMITTED BY LAW, ON BEHALF OF ITS EQUITY HOLDERS AND CREDITORS)
HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED UPON, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

If
the foregoing correctly sets forth our agreement with respect to the matters addressed herein, please so confirm by signing and
returning one copy of this letter. Your signature below shall indicate the Company’s agreement to the terms hereof.

 

[SIGNATURE
PAGE TO FOLLOW]

 

Member
FINRA & SIPC

405
Lexington Avenue * New York, NY 10174 * Tel (212) 895-3500 * (800) 724-0761 * Fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page  4 of 7	 

 

 	

 

 

	 	Sincerely,
	 	 
	 	MAXIM GROUP LLC
	 	 
	 	
	 	Name:
	 	Title:

 

	AGREED TO AND ACCEPTED:	 
	 	 
	OMINTO, INC.	 
	 	 
	 	 
	Name: Ivan Braiker	 
	Title:   President and CEO	 
	 	 
	CHARDAN CAPITAL MARKETS, LLC	 
	 	 
	 	 
	Name:	 
	Title:	 

 

[Signature
Page to Finder Agreement]

 

Member
FINRA & SIPC

405
Lexington Avenue * New York, NY 10174 * Tel (212) 895-3500 * (800) 724-0761 * Fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page  5 of 7	 

 

 	

 

 

EXHIBIT
A

 

INDEMNIFICATION
PROVISIONS

 

In
connection with the letter to which this Exhibit A is attached (the “Finder’s Agreement”), the Company
(the “Indemnitor”) agrees to indemnify and hold harmless Maxim and its affiliates, and the respective officers,
directors, employees, agents and representatives of Maxim, its affiliates and each other person, if any, controlling Maxim or
any of its affiliates (Maxim and each such other person being an “Indemnified Person”) from and against any
losses, claims, damages or liabilities related to, arising out of or in connection with the engagement (the “Engagement”)
under the Engagement Letter, and will reimburse each Indemnified Person for all expenses (including fees and expenses of counsel)
as they are incurred in connection with investigating, preparing, pursuing or defending any action, claim, suit, investigation
or proceeding related to, arising out of or in connection with the Engagement, whether or not pending or threatened and whether
or not any Indemnified Person is a party. The Indemnitor will not, however, be responsible for any losses, claims, damages or
liabilities (or expenses relating thereto) that are judicially determined in a judgment not subject to appeal to have resulted
from the bad faith or gross negligence of any Indemnified Person.

 

Indemnitor
will not, without Maxim’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed),,
settle, compromise, consent to the entry of any judgment in or otherwise seek to terminate any action, claim, suit or proceeding
in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is a party thereto) unless
such settlement, compromise, consent or termination includes a release of each Indemnified Person from any liabilities arising
out of such action, claim, suit or proceeding. No Indemnified Person seeking indemnification, reimbursement or contribution under
this agreement will, without the prior written consent of the Indemnitor, settle, compromise, consent to the entry of any judgment
in or otherwise seek to terminate any action, claim, suit, investigation or proceeding referred to in the preceding paragraph.

 

If
the indemnification provided for in the first paragraph of this Exhibit A is judicially determined to be unavailable (other than
in accordance with the third sentence of the first paragraph hereof) to an Indemnified Person in respect of any losses, claims,
damages or liabilities referred to herein, then, in lieu of indemnifying such Indemnified Person hereunder, the Indemnitor shall
contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities
(and expense relating thereto): (i) in such proportion as is appropriate to reflect the relative benefits to the applicable Indemnified
Person, on the one hand, and the Indemnitor, on the other hand, of the Engagement or (ii) if the allocation provided by clause
(i) above is not available, in such proportion as is appropriate to reflect not only the relative benefits referred to in such
clause (i) but also the relative fault of each of the applicable Indemnified Person and the Indemnitor, as well as any other relevant
equitable considerations; provided, however, that in no event shall any Indemnified Person’s aggregate contribution
to the amount paid or payable exceed the aggregate amount of fees actually received by Maxim under the Engagement Letter. Assuming
that the Indemnitor has fully satisfied the amount of its obligations provided for herein to the Indemnified Persons, and the
Indemnified Persons shall have no further liabilities in connection therewith, then the Indemnitor may take control of any pending
action or litigation in order to reduce the expenses in connection therewith. For the purposes of this Exhibit A, the relative
benefits to the Indemnitor and the applicable Indemnified Person of the Engagement shall be deemed to be in the same proportion
as: (a) the total value paid or contemplated to be paid or received or contemplated to be received by the Indemnitor and its affiliates
(including the Company’s stockholders), as the case may be, in the transaction or transactions that are the subject of the
Engagement, whether or not any such transaction is consummated, bears to (b) the fees paid to Maxim in connection with the Engagement.

 

Members
NASD & SIPC

405
Lexington Ave. * New York, NY 10174 * tel (212) 895-3500 * (800) 724-0761 * fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Chicago, IL* Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page  6 of 7	 

 

 	

 

 

Procedure.
Upon obtaining knowledge of any claim which may give rise to indemnification not involving a Third Party Claim, the Indemnified
Person shall, as promptly as practicable following the date the Indemnified Person has obtained such knowledge, give written notice
(which may be delivered by facsimile transmission, with confirmation of receipt by the receiving party) of such claim for which
indemnification is sought (each, a “Claim”) to the Indemnitor, but no failure to give such notice shall relieve
the Indemnitor of any liability hereunder (except to the extent that the Indemnitor have suffered actual, irreversible and material
economic prejudice thereby). The Indemnified Person, at its cost, shall furnish to the Indemnitor in good faith and in reasonable
detail such information as the Indemnified Person may have with respect to such Claim.

 

Promptly
after receipt by an Indemnified Person of notice of the commencement of any action, suit or proceeding involving a Claim by a
third party (each, a “Third Party Claim”) against it, such Indemnified Person will give written notice to the
Indemnitor of the commencement of such Third Party Claim, and shall give the Indemnifying Party such information with respect
thereto as the Indemnitor may reasonably request, but no failure to give such notice shall relieve the Indemnitor of any liability
hereunder (except to the extent the Indemnitor has suffered actual, irreversible and material economic prejudice thereby). The
Indemnitor shall have the right, but not the obligation, to assume the defense and control the settlement of such Third Party
Claim, at its cost and expense (and not as a reduction in the amount of indemnification available hereunder), using counsel selected
by the Indemnitor and reasonably acceptable to the Indemnified Person. If the Indemnitor satisfies the requirements of this Exhibit
A and desires to exercise its right to assume the defense and control the settlement of such Third Party Claim, the Indemnitor
shall give written notice (the “Notice”) to the Indemnified Person within fourteen (14) calendar days of receipt
of notice from the Indemnified Person of the commencement of or assertion of any Third Party Claim stating that the Indemnitor
shall be responsible for such Third Party Claim. Notwithstanding the foregoing, the Indemnified Person shall have the right: (i)
to assume the defense and control the settlement of a Third Party Claim and (ii) to employ separate counsel at their reasonable
expense (provided that the Indemnitor shall not be required to reimburse the expenses and costs of more than one law firm) and
control its own defense of a Third Party Claim if (x) the named parties to any such action (including any impleaded parties) include
both the Indemnified Person and Maxim, and the Indemnified Person shall have been advised by counsel that there are one or more
legal or equitable defenses available to the Indemnified Person that are different from those available to the Indemnitor, (y)
such Third Party Claim involves equitable or other non-monetary damages or in the reasonable judgment of the Indemnified Person,
such settlement would have a continuing material adverse effect on the Indemnified Person’s business (including any material
impairment of its relationships with customers and suppliers) or (z) or in the reasonable judgment of the Indemnified Person,
the Indemnitor may not be able to satisfy fully such Third Party Claim. In addition, if the Indemnitor fails to give the Indemnified
Person the Notice in accordance with the terms hereof, the Indemnified Person shall have the right to assume control of the defense
of and settle the Third Party Claim and all costs incurred in connection therewith shall constitute damages of the Indemnified
Person. For the avoidance of doubt, the Indemnitor acknowledge that they will advance any retainer fees required by legal counsel
to an Indemnified Person simultaneously with the engagement by such Indemnified Person of such counsel, it being understood and
agreed that the amount of such retainer shall not exceed $20,000 and that such retainer shall be credited to fees incurred with
the balance (if any) refundable to the Indemnitor.

 

Member
FINRA & SIPC

405
Lexington Avenue * New York, NY 10174 * Tel (212) 895-3500 * (800) 724-0761 * Fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Red Bank, NJ * Baltimore, MD

 

     

     

    

 

	Ominto, Inc.

November 5, 2015

Page  7 of 7	 

 

 	

 

 

If
at any time after the Indemnitor assumes the defense of a Third Party Claim, any of the conditions set forth in the paragraph
above are no longer satisfied, the Indemnified Person shall have the same rights as set forth above as if the Indemnitor never
assumed the defense of such claim.

 

Notwithstanding
the foregoing, the Indemnitor or the Indemnified Person, as the case may be, shall have the right to participate, at the Indemnitor’s
or the Indemnified Person’s own expense, in the defense of any Third Party Claim that the other party is defending.

 

If
the Indemnitor assume the defense of any Third Party Claim in accordance with the terms hereof, the Indemnitor shall have the
right, upon 30 calendar days’ prior written notice to the Indemnified Person, to consent to the entry of judgment with respect
to, or otherwise settle such Third Party Claim; provided, however, that with respect to such consent to the entry of judgment
or settlement, the Indemnified Person will not have any liability and will be fully indemnified with respect to all Third Party
Claims. Notwithstanding the foregoing, the Indemnitor shall not have the right to consent to the entry of judgment with respect
to, or otherwise settle a Third Party Claim if: (i) the consent to judgment or settlement of such Third Party Claim involves equitable
or other non-monetary damages against the Indemnified Person, or (ii) in the reasonable judgment of the Indemnified Person, such
settlement would have a continuing effect on the Indemnified Person’s business (including any material impairment of its
relationships with customers and suppliers), without the prior written consent of the Indemnified Person. In addition, the Indemnified
Person shall have the sole and exclusive right to settle any Third Party Claim on such terms and conditions as it deems reasonably
appropriate, (x) if the Indemnitor fail to assume the defense in accordance with the terms hereof, or (y) to the extent such Third
Party Claim involves only equitable or other non-monetary relief, and shall have the right to settle any Third Party Claim involving
monetary damages with our consent, which consent shall not be unreasonably withheld.

 

The
provisions of this Exhibit A shall apply to and any modification thereof and shall remain in full force and effect regardless
of any termination or the completion of Maxim’s services under the Finder’s Agreement.

 

Member
FINRA & SIPC

405
Lexington Avenue * New York, NY 10174 * Tel (212) 895-3500 * (800) 724-0761 * Fax (212) 895-3783 * www.maximgrp.com

New
York, NY * Long Island, NY * Red Bank, NJ * Baltimore, MD

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