Document:

Exhibit
        4.1 

       

      

      

      INFINIUM
        LABS, INC. 

      2005
        STOCK COMPENSATION PLAN C 

      

      THIS
        INFINIUM LABS, INC. 2005 STOCK COMPENSATION PLAN C (the "Plan") is designed
        to
        retain employees and reward them for making major contributions to the success
        of the Company. These objectives are accomplished by making incentive awards
        under the Plan thereby providing Participants with a proprietary interest
        in the
        growth and performance of the Company. 

      

      1.
        Definitions. 

      

      (a)
        "Board" - The Board of Directors of the Company. 

      

      (b)
        "Code" - The Internal Revenue Code of 1986, as amended from time to time.
        

      

      (c)
        "Committee" - The Compensation Committee of the Company's Board, or such
        other
        committee of the Board that is designated by the Board to administer the
        Plan,
        composed of not less than two members of the Board all of whom are disinterested
        persons, as contemplated by Rule 16b-3 ("Rule 16b-3") promulgated under the
        Securities Exchange Act of 1934, as amended (the "Exchange Act"). 

      

      (d)
        "Company" - Infinium Labs, Inc. and its subsidiaries including subsidiaries
        of
        subsidiaries. 

      

      (e)
        "Exchange Act" - The Securities Exchange Act of 1934, as amended from time
        to
        time. 

      

      (f)
        "Fair
        Market Value" - The fair market value of the Company's issued and outstanding
        Stock as determined in good faith by the Board or Committee. 

      

      (g)
        "Grant" - The grant of any stock award to a Participant pursuant to such
        terms,
        conditions and limitations as the Committee may establish in order to fulfill
        the objectives of the Plan. 

      

      (h)
        "Grant Agreement" - An agreement between the Company and a Participant that
        sets
        forth the terms, conditions and limitations applicable to a Grant. 

      

      (i)
        "Participant" - An outside consultants, professional and service provider
        of the
        Company to whom an Award has been made under the Plan. 

      

      (j)
        "Securities Act" - The Securities Act of 1933, as amended from time to time.
        

      

      (k)
        "Stock" - Authorized and issued or unissued shares of common stock of the
        Company. 

      

      (l)
        "Stock Award" - A Grant made under the Plan in stock or denominated in units
        of
        stock for which the Participant is not obligated to pay additional
        consideration. 

      

      2.
        Administration. 

      

      The
        Plan
        shall be administered by the Board, provided however, that the Board may
        delegate such administration to the Committee. Subject to the provisions
        of the
        Plan, the Board and/or the Committee shall have authority to (a) grant, in
        its
        discretion, Stock Awards; (b) determine in good faith the fair market value
        of
        the Stock covered by any Grant; (c) determine which eligible persons shall
        receive Grants and the number of shares, restrictions, terms and conditions
        to
        be included in such Grants; (d) construe and interpret the Plan; (e) promulgate,
        amend and rescind rules and regulations relating to its administration, and
        correct defects, omissions and inconsistencies in the Plan or any Grant;
        (f)
        consistent with the Plan and with the consent of the Participant, as
        appropriate, amend any outstanding Grant; (g) determine the duration and
        purpose
        of leaves of absence which may be granted to Participants without constituting
        termination of their engagement for the purpose of the Plan or any Grant;
        and
        (h) make all other determinations necessary or advisable for the Plan's
        administration. The interpretation and construction by the Board of any
        provisions of the Plan or selection of Participants shall be conclusive and
        final. No member of the Board or the Committee shall be liable for any action
        or
        determination made in good faith with respect to the Plan or any Grant made
        thereunder. 

      

      3.
        Eligibility. 

      

      The
        persons who shall be eligible to receive Grants shall be non-executive
        employees, professional advisors and consultants of the Company. 

      

      4.
        Stock.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      (a)
        Authorized Stock: Stock subject to Grants may be either unissued or reacquired
        Stock. 

      

      (b)
        Number of Shares: Subject to adjustment as provided in Section 5(i) of the
        Plan,
        the total number of shares of Stock which may be purchased or granted directly
        by Stock Awards granted under the Plan shall not exceed Forty Million
        (40,000,000) shares. If any Grant shall for any reason terminate or expire,
        any
        shares allocated thereto but remaining unvested shall again be available
        for
        Grants with respect thereto under the Plan as though no Grant had previously
        occurred with respect to such shares. Any shares of Stock issued pursuant
        to a
        Grant and repurchased pursuant to the terms thereof shall be available for
        future Grants as though not previously covered by a Grant. 

      

      (c)
        Reservation of Shares: The Company shall reserve and keep available at all
        times
        during the term of the Plan such number of shares as shall be sufficient
        to
        satisfy the requirements of the Plan. If, after reasonable efforts, which
        efforts shall not include the registration of the Plan or Grants under the
        Securities Act, the Company is unable to obtain authority from any applicable
        regulatory body, which authorization is deemed necessary by legal counsel
        for
        the Company for the lawful issuance of shares hereunder, the Company shall
        be
        relieved of any liability with respect to its failure to issue and sell the
        shares for which such requisite authority was so deemed necessary unless
        and
        until such authority is obtained. 

      

      5.
        Stock
        Awards. 

      

      All
        or
        part of any Stock Award under the Plan may be subject to conditions established
        by the Board or the Committee, and set forth in a Stock Award Agreement,
        which
        may include, but are not limited to, continuous service with the Company,
        achievement of specific business objectives, increases in specified indices,
        attaining growth rates and other comparable measurements of Company performance.
        Such Awards may be based on Fair Market Value or other specified valuation.
        All
        Stock Awards will be made pursuant to the execution of a Stock Award Agreement.
        

      

      (a)
        Conditions and Restrictions. Shares of Stock which Participants may receive
        as a
        Stock Award under a Stock Award Agreement may include such restrictions as
        the
        Board or Committee, as applicable, shall determine, including restrictions
        on
        transfer, repurchase rights, right of first refusal, and forfeiture provisions.
        When transfer of Stock is so restricted or subject to forfeiture provisions
        it
        is referred to as "Restricted Stock." Further, with Board or Committee approval,
        Stock Awards may be deferred, either in the form of installments or a future
        lump sum distribution. The Board or Committee may permit selected Participants
        to elect to defer distributions of Stock Awards in accordance with procedures
        established by the Board or Committee to assure that such deferrals comply
        with
        applicable requirements of the Code including, at the choice of Participants,
        the capability to make further deferrals for distribution after retirement.
        Any
        deferred distribution, whether elected by the Participant or specified by
        the
        Stock Award Agreement or by the Board or Committee, may require the payment
        be
        forfeited in accordance with the provisions of Section 5(c). Dividends or
        dividend equivalent rights may be extended to and made part of any Stock
        Award,
        subject to such terms, conditions and restrictions as the Board or Committee
        may
        establish. 

      

      (b)
        Cancellation and Rescission of Grants. Unless the Stock Award Agreement
        specifies otherwise, the Board or Committee, as applicable, may cancel any
        unvested or deferred Grants at any time if the Participant is not in compliance
        with all other applicable provisions of the Stock Award Agreement, the Plan
        and
        with the following conditions: 

      

      (i)
        A
        Participant shall not render services for any organization or engage directly
        or
        indirectly in any business which, in the judgment of the chief executive
        officer
        of the Company or other senior officer designated by the Board or Committee,
        is
        or becomes competitive with the Company, or which organization or business,
        or
        the rendering of services to such organization or business, is or becomes
        otherwise prejudicial to or in conflict with the interests of the Company.
        For
        Participants whose engagement has terminated, the judgment of the chief
        executive officer shall be based on the Participant's position and
        responsibilities while employed by the Company, the Participant's
        post-engagement responsibilities and position with the other organization
        or
        business, the extent of past, current and potential competition or conflict
        between the Company and the other organization or business, the effect on
        the
        Company's customers, suppliers and competitors and such other considerations
        as
        are deemed relevant given the applicable facts and circumstances. A Participant
        who has retired shall be free, however, to purchase as an investment or
        otherwise, stock or other securities of such organization or business so
        long as
        they are listed upon a recognized securities exchange or traded
        over-the-counter, and such investment does not represent a substantial
        investment to the Participant or a greater than five percent (5%) equity
        interest in the organization or business. 

      

      (ii)
        A
        Participant shall not, without prior written authorization from the Company,
        disclose to anyone outside the Company, or use in other than the Company's
        business, any confidential information or material relating to the business
        of
        the Company, acquired by the Participant either during or after engagement
        with
        the Company. 

      

      (iii)
        A
        Participant shall disclose promptly and assign to the Company all right,
        title
        and interest in any invention or idea, patentable or not, made or conceived
        by
        the Participant during engagement by the Company, relating in any manner
        to the
        actual or anticipated business, research or development work of the Company
        and
        shall do anything reasonably necessary to enable the Company to secure a
        patent
        where appropriate in the United States and in foreign countries. 

      

      (iv)
        Upon
        exercise, payment or delivery pursuant to a Grant, the Participant shall
        certify
        on a form acceptable to the Committee that he or she is in compliance with
        the
        terms and conditions of the Plan. 

      

      (c)
        Nonassignability. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      (i)
        Except pursuant to Section 5(e)(iii) and except as set forth in Section
        5(d)(ii), no Grant or any other benefit under the Plan shall be assignable
        or
        transferable, or payable to, anyone other than the Participant to whom it
        was
        granted. 

      

      (ii)
        Where a Participant terminates engagement and retains a Grant pursuant to
        Section 5(e)(ii) in order to assume a position with a governmental, charitable
        or educational institution, the Board or Committee, in its discretion and
        to the
        extent permitted by law, may authorize a third party (including but not limited
        to the trustee of a "blind" trust), acceptable to the applicable governmental
        or
        institutional authorities, the Participant and the Board or Committee, to
        act on
        behalf of the Participant with regard to such Awards. 

      

      (d)
        Termination of Engagement. If the engagement or service to the Company of
        a
        Participant terminates, other than pursuant to any of the following provisions
        under this Section 5(e), all unvested or deferred Stock Awards shall be
        cancelled immediately, unless the Stock Award Agreement provides otherwise:
        

      

      (i)
        Retirement Under a Company Retirement Plan. When a Participant's engagement
        terminates as a result of retirement in accordance with the terms of a Company
        retirement plan, the Board or Committee may permit Stock Awards to continue
        in
        effect beyond the date of retirement in accordance with the applicable Grant
        Agreement and vesting of any such Grants may be accelerated. 

       

      (ii)
        Rights in the Best Interests of the Company. When a Participant resigns from
        the
        Company and, in the judgment of the Board or Committee, the acceleration
        and/or
        continuation of outstanding Stock Awards would be in the best interests of
        the
        Company, the Board or Committee may (i) authorize, where appropriate, the
        acceleration and/or continuation of all or any part of Grants issued prior
        to
        such termination and (ii) permit the vesting of such Grants for such period
        as
        may be set forth in the applicable Grant Agreement, subject to earlier
        cancellation pursuant to Section 8 or at such time as the Board or Committee
        shall deem the continuation of all or any part of the Participant's Grants
        are
        not in the Company's best interest. 

      

      (iii)
        Death or Disability of a Participant. 

      

      (1)
        In
        the event of a Participant's death, the Participant's estate or beneficiaries
        shall have a period up to the expiration date specified in the Grant Agreement
        within which to receive or exercise any outstanding Grant held by the
        Participant under such terms as may be specified in the applicable Grant
        Agreement. Rights to any such outstanding Grants shall pass by will or the
        laws
        of descent and distribution in the following order: (a) to beneficiaries
        so
        designated by the Participant; if none, then (b) to a legal representative
        of
        the Participant; if none, then (c) to the persons entitled thereto as determined
        by a court of competent jurisdiction. Grants so passing shall be made at
        such
        times and in such manner as if the Participant were living. 

      

      (2)
        In
        the event a Participant is deemed by the Board or Committee to be unable
        to
        perform his or her usual duties by reason of mental disorder or medical
        condition which does not result from facts which would be grounds for
        termination for cause, Grants and rights to any such Grants may be paid to
        the
        Participant, if legally competent, or a committee or other legally designated
        guardian or representative if the Participant is legally incompetent by virtue
        of such disability. 

      

      (3)
        After
        the death or disability of a Participant, the Board or Committee may in its
        sole
        discretion at any time (1) terminate restrictions in Grant Agreements; (2)
        accelerate any or all installments and rights; and (3) instruct the Company
        to
        pay the total of any accelerated payments in a lump sum to the Participant,
        the
        Participant's estate, beneficiaries or representative; notwithstanding that,
        in
        the absence of such termination of restrictions or acceleration of payments,
        any
        or all of the payments due under the Grant might ultimately have become payable
        to other beneficiaries. 

      

      (4)
        In
        the event of uncertainty as to interpretation of or controversies concerning
        this Section 5, the determinations of the Board or Committee, as applicable,
        shall be binding and conclusive. 

      

      6.
        Investment Intent. All Grants under the Plan are intended to be exempt from
        registration under the Securities Act provided by Rule 701 thereunder. Unless
        and until the sale and issuance of Stock subject to the Plan are registered
        under the Securities Act or shall be exempt pursuant to the rules promulgated
        thereunder, each Grant under the Plan shall provide that the purchases or
        other
        acquisitions of Stock thereunder shall be for investment purposes and not
        with a
        view to, or for resale in connection with, any distribution thereof. Further,
        unless the issuance and sale of the Stock have been registered under the
        Securities Act, each Grant shall provide that no shares shall be purchased
        upon
        the exercise of the rights under such Grant unless and until (i) all then
        applicable requirements of state and federal laws and regulatory agencies
        shall
        have been fully complied with to the satisfaction of the Company and its
        counsel, and (ii) if requested to do so by the Company, the person exercising
        the rights under the Grant shall (i) give written assurances as to knowledge
        and
        experience of such person (or a representative employed by such person) in
        financial and business matters and the ability of such person (or
        representative) to evaluate the merits and risks of receiving the Stock as
        compensation, and (ii) execute and deliver to the Company a letter of investment
        intent and/or such other form related to applicable exemptions from
        registration, all in such form and substance as the Company may require.
        If
        shares are issued upon exercise of any rights under a Grant without registration
        under the Securities Act, subsequent registration of such shares shall relieve
        the purchaser thereof of any investment restrictions or representations made
        upon the exercise of such rights. 

      

      7.
        Amendment, Modification, Suspension or Discontinuance of the Plan. The Board
        may, insofar as permitted by law, from time to time, with respect to any
        shares
        at the time not subject to outstanding Grants, suspend or terminate the Plan
        or
        revise or amend it in any respect whatsoever, except that without the approval
        of the shareholders of the Company, no such revision or amendment shall (i)
        increase the number of shares subject to the Plan, (ii) decrease the price
        at
        which Grants may be granted, (iii) materially increase the benefits to
        Participants, or (iv) change the class of persons eligible to receive Grants
        under the Plan; provided, however, no such action shall alter or impair the
        rights and obligations under any Stock Award outstanding as of the date thereof
        without the written consent of the Participant thereunder. No Grant may be
        issued while the Plan is suspended or after it is terminated, but the rights
        and
        obligations under any Grant issued while the Plan is in effect shall not
        be
        impaired by suspension or termination of the Plan. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      In
        the
        event of any change in the outstanding Stock by reason of a stock split,
        stock
        dividend, combination or reclassification of shares, recapitalization, merger,
        or similar event, the Board or the Committee may adjust proportionally (a)
        the
        number of shares of Stock (i) reserved under the Plan, (ii) covered by
        outstanding Stock Awards; (b) the Stock prices related to outstanding Grants;
        and (c) the appropriate Fair Market Value and other price determinations
        for
        such Grants. In the event of any other change affecting the Stock or any
        distribution (other than normal cash dividends) to holders of Stock, such
        adjustments as may be deemed equitable by the Board or the Committee, including
        adjustments to avoid fractional shares, shall be made to give proper effect
        to
        such event. In the event of a corporate merger, consolidation, acquisition
        of
        property or stock, separation, reorganization or liquidation, the Board or
        the
        Committee shall be authorized to issue or assume stock options, whether or
        not
        in a transaction to which Section 424(a) of the Code applies, and other Grants
        by means of substitution of new Grant Agreements for previously issued Grants
        or
        an assumption of previously issued Grants. 

      

      8.
        Tax
        Withholding. The Company shall have the right to deduct applicable taxes
        from
        any Grant payment and withhold, at the time of delivery or exercise of Stock
        Awards or vesting of shares under such Grants, an appropriate number of shares
        for payment of taxes required by law or to take such other action as may
        be
        necessary in the opinion of the Company to satisfy all obligations for
        withholding of such taxes. If Stock is used to satisfy tax withholding, such
        stock shall be valued based on the Fair Market Value when the tax withholding
        is
        required to be made. 

      

      9.
        Availability of Information. During the term of the Plan and any additional
        period during which a Grant granted pursuant to the Plan shall be payable,
        the
        Company shall make available, not later than one hundred and twenty (120)
        days
        following the close of each of its fiscal years, such financial and other
        information regarding the Company as is required by the bylaws of the Company
        and applicable law to be furnished in an annual report to the shareholders
        of
        the Company. 

      

      10.
        Notice. Any written notice to the Company required by any of the provisions
        of
        the Plan shall be addressed to the chief personnel officer or to the chief
        executive officer of the Company, and shall become effective when it is received
        by the office of the chief personnel officer or the chief executive officer.
        

      

      11.
        Indemnification of Board. In addition to such other rights or indemnifications
        as they may have as directors or otherwise, and to the extent allowed by
        applicable law, the members of the Board and the Committee shall be indemnified
        by the Company against the reasonable expenses, including attorneys' fees,
        actually and necessarily incurred in connection with the defense of any claim,
        action, suit or proceeding, or in connection with any appeal thereof, to
        which
        they or any of them may be a party by reason of any action taken, or failure
        to
        act, under or in connection with the Plan or any Grant granted thereunder,
        and
        against all amounts paid by them in settlement thereof (provided such settlement
        is approved by independent legal counsel selected by the Company) or paid
        by
        them in satisfaction of a judgment in any such claim, action, suit or
        proceeding, except in any case in relation to matters as to which it shall
        be
        adjudged in such claim, action, suit or proceeding that such Board or Committee
        member is liable for negligence or misconduct in the performance of his or
        her
        duties; provided that within sixty (60) days after institution of any such
        action, suit or Board proceeding the member involved shall offer the Company,
        in
        writing, the opportunity, at its own expense, to handle and defend the same.
        

      

      12.
        Governing Law. The Plan and all determinations made and actions taken pursuant
        hereto, to the extent not otherwise governed by the Code or the securities
        laws
        of the United States, shall be governed by the law of the State of Delaware
        and
        construed accordingly. 

      

      13.
        Termination Dates. The Plan shall terminate ten years later, subject to earlier
        termination by the Board pursuant to Section 7. 

      

      
        
          	 	 	 
	 	
                  INFINIUM
                    LABS, INC.

                  a Delaware corporation

                
	 
 	 
 	 
 
	 	By:  	/s/ Kevin
                  Bachus
	 	Its:
                  Chief Executive OfficerEXHIBIT 10.01

                        FORM OF INDEMNIFICATION AGREEMENT

     Volt Information Sciences, Inc. has entered into an Indemnification
Agreement identical to the form attached hereto with each of the following
directors and officers on the dates indicated:

                           DATE                                    NAME

September 6, 2005                                            William Shaw

September 6, 2005                                            Steven A. Shaw

September 6, 2005                                            Lloyd Frank

September 6, 2005                                            Bruce G. Goodman

September 6, 2005                                            Theresa A. Havell

September 6, 2005                                            Mark N. Kaplan

September 6, 2005                                            William H. Turner

                            INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this "Agreement") is made as of the ___ day
of _________, 2005, by and between Volt Information Sciences, Inc., a New York
corporation (the "Corporation"), and ______________________ (the "Indemnitee").

                                   WITNESSETH:

     WHEREAS, it is essential to the Corporation to retain and attract directors
and/or officers who are the most capable persons available;

     WHEREAS,  the  Indemnitee  is  serving or has agreed to serve as a director
and/or  officer of the  Corporation  and in such capacity  will render  valuable
services to the Corporation;

     WHEREAS,  the  Corporation  and the  Indemnitee  recognize the  substantial
increase in  litigation  and claims  being  asserted  against  directors  and/or
officers;

     WHEREAS,  the  Corporation's   By-laws  (together  with  the  Corporation's
Restated Certificate of Incorporation, the "Constituent Documents") provide that
the  Corporation  will  indemnify  its  directors  and officers and will advance
expenses in connection  therewith,  and  Indemnitee's  willingness to serve as a
director and/or officer of the Corporation, or, at the Corporation's request, to
serve any Other  Enterprise (as defined in Paragraph  2(e)) in any capacity,  is
based in part on Indemnitee's reliance on such provisions;

     WHEREAS,  in recognition of Indemnitee's  need for  substantial  protection
against personal liability in order to encourage  Indemnitee's continued service
to the Corporation or, at the Corporation's request, any Other Enterprise, in an
effective manner, and Indemnitee's  reliance on the aforesaid  provisions of the
Constituent  Documents,  and to  provide  Indemnitee  with  express  contractual
indemnification  (regardless  of,  among  other  things,  any  amendment  to  or
revocation  of  such  provisions  or  any  change  in  the  composition  of  the
Corporation's  Board of Directors (the "Board") or any acquisition,  disposition
or  other  business  combination   transaction  involving  or  relating  to  the
Corporation),  the  Corporation  wishes to  provide  in this  Agreement  for the
indemnification  of Indemnifiable  Losses (as defined in Paragraph 2(d)) and the
advancement  of Expenses (as defined in  Paragraph  2(c)) to  Indemnitee  as set
forth in this  Agreement  and, to the extent  insurance is  maintained,  for the
continued  coverage  of  Indemnitee  under  the  Corporation's   directors'  and
officers' liability insurance policies.
<PAGE>

     NOW, THEREFORE, in consideration of the Indemnitee's continued service as a
director  and/or officer of the  Corporation,  the Corporation and Indemnitee do
hereby agree as follows:

     1.   Agreement  to  Serve.  Indemnitee  agrees  to  continue  to serve as a
          director and/or officer of the Corporation for so long as he or she is
          duly  elected or  appointed  or until such  earlier  time as he or she
          tenders his or her  resignation  in writing.  This  provision is not a
          guarantee of employment or service.

     2.   Certain  Definitions.  In addition to terms defined  elsewhere herein,
          the  following  terms have the  following  meanings  when used in this
          Agreement:

          (a)  The term  "Affiliate"  has the meaning given to that term in Rule
               405 under  the  Securities  Act of 1933,  as  amended;  provided,
               however,  that for purposes of this Agreement the Corporation and
               its subsidiaries  will not be deemed to constitute  Affiliates of
               any Indemnitee.

          (b)  The term  "Claim"  means any  threatened,  pending  or  completed
               action,   suit   or   proceeding   (whether   civil,    criminal,
               administrative,  arbitrative,  investigative  or other),  whether
               instituted  by or in the  right of the  Corporation  or any other
               Person,  or any inquiry or investigation,  whether  instituted by
               the Corporation or any other Person in which Indemnitee is or was
               a party  or is  threatened  to be made a party  or in good  faith
               believes might lead to the  institution of any such action,  suit
               or proceeding,  by reason of the fact that Indemnitee is or was a
               director,  officer,  employee or agent of the Corporation (or any
               subsidiary  of  the  Corporation),  or is or was  serving  at the
               request of the  Corporation  as a  director,  officer,  employee,
               member,  manager,  trustee,  agent or fiduciary  (or in any other
               capacity) of an Other Enterprise.

          (c)  The term  "Expenses"  includes all  attorneys' and experts' fees,
               expenses   and  charges  and  all  other   costs,   expenses  and
               obligations,  paid or incurred in connection with  investigating,
               defending, or participating (as a party, a witness, or otherwise)
               in (including on appeal),  or preparing to defend or  participate
               in,   any   Claim   or   otherwise   establishing   a  right   to
               indemnification under this Agreement.

          (d)  The  term  "Indemnifiable  Losses"  means  any and all  Expenses,
               damages,  losses,  liabilities,  judgments,  fines, penalties and
               amounts  paid  or  payable  in  settlement  (including,   without
               limitation,  all interest,  assessments and other charges paid or
               payable in connection with or in respect of any of the foregoing,
               including any excise taxes assessed on Indemnitee with respect to
               any  employee  benefit  plan),  relating  to,  resulting  from or
               arising  out of any act or failure to act by the  Indemnitee,  or
               his or her status as any person referred to in clause (i) of this
               sentence,  (i) in his or her  capacity  as a  director,  officer,
               employee or agent of the  Corporation or any of its Affiliates or
               as a director, officer, employee, member, manager, trustee, agent
               or fiduciary (or in any other  capacity) of any Other  Enterprise
               as to which the Indemnitee is or was serving at the Corporation's
               request and (ii) in respect of any business, transaction or other
               activity  of  any  entity  referred  to in  clause  (i)  of  this
               sentence.
<PAGE>

          (e)  The term "Other  Enterprise" shall mean any corporation,  limited
               liability  company,  partnership,  joint venture,  trust or other
               entity or enterprise,  whether or not for profit, or any employee
               benefit plan.

          (f)  The term "to serve at the  Corporation's  request" shall mean any
               service  as  a  director,  officer,  employee  or  agent  of  the
               Corporation  which  imposes  duties on, or involves  services by,
               such Person as a director,  officer,  partner,  member,  manager,
               employee,  trustee, agent or fiduciary (or in any other capacity)
               with respect to any Other Enterprise.

          (g)  The term "Person" shall mean any individual,  governmental entity
               or Other Enterprise.

          (h)  The term "not opposed to the best  interests of the  Corporation"
               shall  include  action  taken in good  faith and in a manner  the
               person  acting  reasonably  believed to be in the interest of the
               Corporation  or  its   shareholders  or  the   participants   and
               beneficiaries of an employee benefit plan.

     3.   General Indemnification. The Corporation shall indemnify Indemnitee in
          accordance  with  the  provisions  of this  Paragraph  3  against  all
          Expenses actually and reasonably  incurred by Indemnitee in connection
          with the defense or settlement of any Claim;  provided,  however, that
          no  indemnification  for Expenses shall be made under this Paragraph 3
          in  respect  of any Claim if a judgment  or other  final  adjudication
          adverse  to  Indemnitee  establishes  that  (i) his or her  acts  were
          committed  in bad faith or were the  result of active  and  deliberate
          dishonesty  and, in either case,  were material to the cause of action
          so  adjudicated,  or  (ii)  he or  she  personally  gained  in  fact a
          financial profit or other advantage to which he or she was not legally
          entitled  unless and only to the  extent  that the court in which such
          Claim  was  brought,  or,  if no  action  was  brought,  any  court of
          competent  jurisdiction  determines upon application that, despite the
          adjudication of liability but in view of all the  circumstances of the
          case,  Indemnitee is fairly and  reasonably  entitled to indemnity for
          the  Expenses  and the amount of the  Indemnifiable  Losses  which the
          court shall deem proper.

     4.   Indemnification of Expenses of Successful Party.  Notwithstanding  any
          other provision of this  Agreement,  to the extent that Indemnitee has
          been  successful on the merits or otherwise,  in defense of any Claim,
          Indemnitee  shall be  indemnified  against all  Expenses  actually and
          reasonably  incurred by  Indemnitee  in  connection  therewith  to the
          fullest extent permitted by New York Law.

     5.   Advances of Expenses.  The Indemnitee's  right to  indemnification  in
          Paragraph 3 of this Agreement shall include the right of Indemnitee to
          receive  an  advance  from  the  Corporation  of any  Expenses.  If so
          requested by Indemnitee,  the Corporation  will advance within 45 days
          of such request any and all Expenses to  Indemnitee  which  Indemnitee
          reasonably  determines likely to be payable;  provided,  however, that
          Indemnitee  will return,  without  interest,  any such  advance  which
          remains  unspent  at the  final  conclusion  of the Claim to which the
          advance related; and provided,  further,  that all amounts advanced in
          respect  of such  Expenses  shall  be  repaid  to the  Corporation  by
          Indemnitee if it shall ultimately be determined in a final judgment or
          as provided in  Paragraph  7, that  Indemnitee  is not  entitled to be
          indemnified  for such Expenses.  This  undertaking by Indemnitee is an
          unlimited  general  undertaking  but no security for such  undertaking
          will be required.

     6.   Indemnification   for  Additional   Expenses.   Without  limiting  the
          generality or effect of the foregoing,  the Corporation will indemnify
          Indemnitee  against and, if requested  by  Indemnitee,  will within 45
          days of such request advance to Indemnitee,  any and all Expenses paid
          or incurred by  Indemnitee in  connection  with any Claim  asserted or
          brought by Indemnitee for (i)  indemnification  or advance  payment of
          Expenses  by  the  Corporation  under  this  Agreement  or  any  other
          agreement  or under any  provision  of the  Corporation's  Constituent
          Documents   now  or  hereafter  in  effect   relating  to  Claims  for
          Indemnifiable  Losses and/or (ii) recovery  under any  directors'  and
          officers'  liability insurance policies maintained by the Corporation,
          regardless  of  whether  Indemnitee  ultimately  is  determined  to be
          entitled to such indemnification, advance expense payment or insurance
          recovery, as the case may be.
<PAGE>

     7.   Right of Indemnitee to  Indemnification  Upon  Application;  Procedure
          Upon Application.

          (a)  Subject to  Paragraph  8 of this  Agreement,  Indemnitee  will be
               presumed to be entitled to indemnification  under this Agreement.
               The  burden  of  proving  that  indemnification  or  advances  of
               Expenses are not appropriate  shall,  to the extent  permitted by
               law, be on the Corporation.

          (b)  Any  indemnification  under  Paragraph  3  shall  be  paid by the
               Corporation  no later than 45 days after  receipt of the  written
               request of Indemnitee, unless a determination is made within said
               45-day period by (i) the Board of Directors by a majority vote of
               directors  who are not and  were  not  parties  to the  Claim  in
               respect of which indemnification is being sought  ("Disinterested
               Directors"), (ii) a committee of the Board of Directors comprised
               of Disinterested  Directors or (iii) independent legal counsel in
               a  written  opinion,  that  Indemnitee  has not met the  relevant
               standards for indemnification set forth in this Agreement. In any
               such case,  the  Corporation  shall send prompt written notice to
               the  Indemnitee  of  such  determination.  If  requested  by  the
               Indemnitee in writing,  any such  determination  shall be made by
               independent   legal  counsel  not  previously   employed  by  the
               Corporation or any Affiliate thereof.

          (c)  Indemnitee  will be  entitled  to a hearing  before  the Board of
               Directors of Corporation or the  Disinterested  Directors  and/or
               any other person or persons making a determination and evaluation
               under  Paragraph   7(b).   Indemnitee  will  be  entitled  to  be
               represented  by  counsel  at  such  hearing.   The  cost  of  any
               determination  and evaluation  under  Paragraph  7(b)  (including
               attorneys'  fees and other  expenses  incurred by  Indemnitee  in
               preparing for and attending the hearing contemplated by Paragraph
               7  and  otherwise  in  connection  with  the   determination  and
               evaluation under Paragraph 7) will be borne by the Corporation.

          (d)  The  right to  indemnification  or  advancement  of  Expenses  as
               provided by this Agreement  shall be enforceable by Indemnitee in
               any court of competent  jurisdiction.  Neither the failure of the
               Corporation  (including  its Board of  Directors  or  independent
               legal  counsel)  to  have  made  a  determination  prior  to  the
               commencement   of  such  action  that   Indemnitee  has  met  the
               applicable standard of conduct nor an actual determination by the
               Corporation  (including  its Board of  Directors  or  independent
               legal counsel) that Indemnitee has not met such standard shall be
               a defense to the action or create a presumption  that  Indemnitee
               has not met the  applicable  standard  of  conduct.  Indemnitee's
               Expenses  actually and  reasonably  incurred in  connection  with
               successfully  establishing his or her right to indemnification or
               advances,  in whole or in part,  shall also be indemnified by the
               Corporation.

          (e)  With respect to any Claim for which indemnification is requested,
               the  Corporation  will be entitled to participate  therein at its
               own  expense  and,  except  as  otherwise   provided  below,  the
               Corporation  may  assume  the  defense   thereof,   with  counsel
               satisfactory to Indemnitee.  After notice from the Corporation to
               Indemnitee of its election to assume the defense of a Claim,  the
               Corporation will not be liable to Indemnitee under this Agreement
               for  any  Expenses   subsequently   incurred  by   Indemnitee  in
               connection  with the  defense  thereof,  other  than as  provided
               below.  The Corporation  shall not settle any Claim in any manner
               which  would  impose any  penalty  or  limitation  on  Indemnitee
               without Indemnitee's  written consent.  Indemnitee shall have the
               right to employ counsel in any Claim but the fees and expenses of
               such counsel  incurred  after notice from the  Corporation of its
               assumption of the defense of the Claim shall be at the expense of
               Indemnitee,  unless (i) the  employment  of counsel by Indemnitee
               has been authorized by the  Corporation,  (ii)  Indemnitee  shall
               have  reasonably  concluded  that  there  may  be a  conflict  of
               interest between the Corporation and Indemnitee in the conduct of
               the defense of a Claim, (iii) the named parties in any such Claim
               (including any impleaded  parties)  include both the  Corporation
               and Indemnitee,  and Indemnitee  shall conclude that there may be
               one or more  legal  defenses  available  to him or her  that  are
               different  from  or  in  addition  to  those   available  to  the
               Corporation,  (iv) any  such  representation  by the  Corporation
               would be precluded under the applicable standards of professional
               conduct then prevailing or (v) the Corporation  shall not in fact
               have employed  counsel to assume the defense of a Claim,  in each
               of which  cases the fees and  expenses of  Indemnitee  's counsel
               shall  be  advanced  by  the  Corporation.   Notwithstanding  the
               foregoing,  the  Corporation  shall not be entitled to assume the
               defense  of  any  Claim  brought  by  or  in  the  right  of  the
               Corporation.
<PAGE>

          (f)  The Corporation shall pay to Indemnitee, at the time payments are
               made to Indemnitee for Expenses  pursuant to this  Agreement,  an
               additional  payment  (the  "Gross Up  Amount")  such  that  after
               payment of all taxes, if any, on payments so made,  including the
               amount of the Gross Up Amount, Indemnitee retains an amount equal
               to the amount to be received.

     8.   Limitation on  Indemnification.  No payment pursuant to this Agreement
          shall be made by the Corporation:

          (a)  to indemnify or advance  funds to  Indemnitee  for Expenses  with
               respect to Claims  initiated or brought or joined in  voluntarily
               by Indemnitee  and not by way of defense,  except with respect to
               Claims brought to establish or enforce a right to indemnification
               or  advancement  of Expenses under this Agreement or as otherwise
               required by New York law, but such indemnification or advancement
               of Expenses may be provided by the  Corporation in specific cases
               if the Board finds it to be appropriate;

          (b)  to indemnify  Indemnitee for any Expenses  sustained in any Claim
               for which payment is actually  made to  Indemnitee  under a valid
               and collectible insurance policy, except in respect of any excess
               beyond the amount of payment under such insurance;

          (c)  to indemnify  Indemnitee for any Expenses  sustained in any Claim
               for an  accounting  of profits  made from the purchase or sale by
               Indemnitee  of  securities  of the  Corporation  pursuant  to the
               provisions  of Section  16(b) of the  Securities  Exchange Act of
               1934,  as  amended,   the  rules  and   regulations   promulgated
               thereunder  and amendments  thereto or similar  provisions of any
               federal, state, or local statutory law;

          (d)  to indemnify  Indemnitee if his or her acts violated  Section 719
               of the New York Business Corporation law (the "NYBCL"); or

          (e)  if a court of competent jurisdiction finally determines that such
               payment hereunder is unlawful.

     9.   Indemnification  Hereunder  Not  Exclusive.  The  indemnification  and
          advancement of Expenses provided by this Agreement shall not be deemed
          exclusive  of any other  rights to which  Indemnitee  may be  entitled
          under the Constituent Documents of the Corporation, any agreement, any
          vote  of  stockholders  or  Disinterested   Directors,  the  NYBCL  or
          otherwise, both as to action in his official capacity and as to action
          in another  capacity while holding such office  (collectively,  "Other
          Indemnity Provisions"); provided, however, that (i) to the extent that
          Indemnitee  otherwise would have any greater right to  indemnification
          under any Other Indemnity Provision, Indemnitee will be deemed to have
          such greater right hereunder and (ii) to the extent that any change is
          made to any Other Indemnity  Provision which permits any greater right
          to  indemnification  than that provided under this Agreement as of the
          date  hereof,  Indemnitee  will be deemed to have such  greater  right
          hereunder.  The  indemnification  rights afforded to Indemnitee hereby
          are contract rights and the  Corporation  will not adopt any amendment
          to any of the  Constituent  Documents  the effect of which would be to
          eliminate,  deny, diminish,  encumber or otherwise affect Indemnitee's
          right to  indemnification  under this Agreement or any Other Indemnity
          Provision.  The  indemnification  provided  by  this  Agreement  shall
          continue as to Indemnitee  even though he or she may have ceased to be
          a director,  officer,  employee or agent of the  Corporation and shall
          inure to the  benefit  of the heirs and  personal  representatives  of
          Indemnitee.
<PAGE>

     10.  Partial Indemnification. If Indemnitee is entitled under any provision
          of this Agreement to  indemnification by the Corporation for a portion
          of the Expenses  and/or  Indemnifiable  Losses actually and reasonably
          incurred  by him or her in any Claim but not,  however,  for the total
          amount  thereof,   the  Corporation   shall   nevertheless   indemnify
          Indemnitee  for the  portion  of such  Expenses  and/or  Indemnifiable
          Losses to which Indemnitee is entitled. Moreover,  notwithstanding any
          other provision of this  Agreement,  to the extent that Indemnitee has
          been  successful  on the merits or  otherwise in defense of any or all
          Claims  relating  in whole or in part to an  Indemnifiable  Loss or in
          defense of any issue or matter therein, including, without limitation,
          dismissal without  prejudice,  Indemnitee will be indemnified  against
          all Expenses incurred in connection therewith.

     11.  No Other Presumption.  For purposes of this Agreement, the termination
          of any Claim by judgment,  order,  settlement (whether with or without
          court  approval) or conviction,  or upon a plea of nolo  contendere or
          its  equivalent,  shall not,  of  itself,  create a  presumption  that
          Indemnitee  did not act in good  faith  in a  manner  which  he or she
          reasonably  believed to be in or not opposed to the best  interests of
          the Corporation.

     12.  Indemnification  of  Indemnitee's  Estate.  Notwithstanding  any other
          provision of this Agreement, and regardless of whether indemnification
          of the  Indemnitee  would be  permitted  and/or  required  under  this
          Agreement,  if the  Indemnitee  is  deceased,  the  Corporation  shall
          indemnify and hold harmless the Indemnitee's  estate,  spouse,  heirs,
          administrators,  personal  or  legal  representatives,  executors  and
          trustees  (collectively  the "Indemnitee's  Estate") against,  and the
          Corporation  shall assume,  any and all Expenses  actually incurred by
          the  Indemnitee  or the  Indemnitee's  Estate in  connection  with the
          investigation,   defense,   settlement   or  appeal   of  any   Claim.
          Indemnification of the Indemnitee's  Estate pursuant to this Paragraph
          12 shall be  mandatory  and not require any  determination  or finding
          that the  Indemnitee's  conduct  satisfied  a  particular  standard of
          conduct.

     13.  Spousal   Indemnification.   The   indemnifications,    benefits   and
          obligations  of  this  Agreement  shall  extend  to the  spouse  of an
          Indemnitee  in  the  event  that  the  spouse  is  made a  party  to a
          Proceeding or  collection,  execution or enforcement  efforts  arising
          from a Claim.

     14.  Limitation of Actions and Release of Claims.  No  proceeding  shall be
          brought  and no cause of action  shall be  asserted by or on behalf of
          the  Corporation,  any  subsidiary  of the  Corporation  or any  Other
          Enterprise  against the  Indemnitee,  after the expiration of one year
          from the act or omission of the Indemnitee  upon which such proceeding
          is  based;  however,  in a  case  where  the  Indemnitee  fraudulently
          conceals  the facts  underlying  such cause of action,  no  proceeding
          shall be brought and no cause of action  shall be  asserted  after the
          expiration  of  one  year  from  the  earlier  of  (i)  the  date  the
          Corporation, any subsidiary of the Corporation or any Other Enterprise
          discovers such facts, or (ii) the date the Corporation, any subsidiary
          of the Corporation or any Other  Enterprise could have discovered such
          facts by the exercise of reasonable  diligence.  Any claim or cause of
          action of the  Corporation,  any subsidiary of the  Corporation or any
          Other Enterprise, including claims predicated upon the act or omission
          of the Indemnitee,  shall be  extinguished  and deemed released unless
          asserted  by  filing  of a  legal  action  within  such  period.  This
          Paragraph  14 shall not apply to any cause of action which has accrued
          on the date  hereof and of which the  Indemnitee  is aware on the date
          hereof,  but as to which the Corporation has no actual knowledge apart
          from the Indemnitee's knowledge.
<PAGE>

     15. Maintenance of Liability Insurance.

          (a)  The  Corporation  hereby  covenants  and agrees that,  as long as
               Indemnitee  continues  to serve as a  director  or officer of the
               Corporation  and  thereafter as long as Indemnitee may be subject
               to any Claim, the Corporation, subject to subparagraph (c) below,
               shall maintain in full force and effect  directors' and officers'
               liability  insurance ("D&O Insurance") in reasonable amounts from
               established and reputable insurers.

          (b)  In all D&O Insurance  policies,  Indemnitee  shall be named as an
               insured in such a manner as to provide  the  Indemnitee  the same
               rights and benefits as are accorded to the most favorably insured
               of the Corporation's directors and officers.

          (c)  Notwithstanding  the  foregoing,  the  Corporation  shall have no
               obligation to obtain or maintain D&O Insurance if the Corporation
               determines  in good faith that such  insurance is not  reasonably
               available,   the   premium   costs   for   such   insurance   are
               disproportionate to the amount of coverage provided, the coverage
               provided by such  insurance is so limited by  exclusions  that it
               provides an  insufficient  benefit,  or  Indemnitee is covered by
               similar insurance maintained by a subsidiary of the Corporation.

     16.  Subrogation. In the event of payment under this Agreement, the
          Corporation  will be  subrogated to the extent of such payment to all
          of the related rights of recovery of Indemnitee against other Persons,
          including  any carrier of D&O  Insurance  (other  than personal
          directors' (or officers')  insurance  coverage,  if any, which is
          maintained by Indemnitee). . The Indemnitee will execute all papers
          reasonably  required to evidence  such rights (all of Indemnitee's
          reasonable Expenses related thereto to be reimbursed by or, at the
          option of Indemnitee, advanced by the Corporation).

     17.  No Duplication of Payments. The Corporation will not be liable under
          this Agreement to make any payment in connection  with any
          Indemnifiable Loss made against Indemnitee to the extent Indemnitee
          has otherwise actually received payment (net of Expenses incurred in
          connection  therewith) under any insurance policy, the Constituent
          Documents and Other Indemnity Provisions or otherwise  of the amounts
          otherwise  indemnifiable  hereunder provided that,  if  Indemnitee
          for any  reason is  required  to disgorge any payment  actually
          received by him, the Corporation shall be obligated to pay such amount
          to Indemnitee in accordance with the other terms of this Agreement
          (i.e.,  disregarding  the terms of this Paragraph 17).

     18.  Successors and Binding Agreement.

          (a)  The Corporation  will require any successor  (whether direct
               or   indirect,   by   purchase,    merger,    consolidation,
               reorganization  or otherwise) to all or substantially all of
               the business or assets of the  Corporation (a  "Successor"),
               by  agreement  in  form  and   substance   satisfactory   to
               Indemnitee  and his or her counsel,  expressly to assume and
               agree to perform  this  Agreement  in the same manner and to
               the same extent the Corporation would be required to perform
               if no such  succession had taken place.  This Agreement will
               be binding upon and inure to the benefit of the  Corporation
               and may be assigned to a Successor,  but will not  otherwise
               be assignable or delegatable by the Corporation.
<PAGE>

          (b)  This   Agreement  will  inure  to  the  benefit  of  and  be
               enforceable  by the  Indemnitee's  Estate and, to the extent
               provided in Paragraph 13, Indemnitee's spouse.

          (c)  This  Agreement  is  personal  in nature and  neither of the
               parties  hereto  will,  without  the  consent  of the other,
               assign  or  delegate   this   Agreement  or  any  rights  or
               obligations   hereunder  except  as  expressly  provided  in
               Paragraphs 18(a) and 18(b).  Without limiting the generality
               or effect of the  foregoing,  Indemnitee's  right to receive
               payments  hereunder  will  not  be  assignable,  whether  by
               pledge, creation of a security interest or otherwise,  other
               than by a transfer by the  Indemnitee's  will or by the laws
               of  descent  and  distribution,  and,  in the  event  of any
               attempted  assignment or transfer contrary to this Paragraph
               18(c),  the  Corporation  will have no  liability to pay any
               amount so attempted to be assigned or transferred.

          19.  Notices. For all purposes of this Agreement,  all communications,
               including  without  limitation  notices,  consents,  requests  or
               approvals, required or permitted to be given hereunder will be in
               writing  and will be deemed to have  been  duly  given  when hand
               delivered or  dispatched  by  electronic  facsimile  transmission
               (with receipt  thereof orally  confirmed),  or five business days
               after having been mailed by United States registered or certified
               mail, return receipt  requested,  postage prepaid or one business
               day after having been sent for next-day  delivery by a nationally
               recognized   overnight   courier   service,   addressed   to  the
               Corporation   (to  the   attention   of  the   Secretary  of  the
               Corporation)  and to the Indemnitee at the addresses shown on the
               signature page hereto,  or to such other address as any party may
               have  furnished  to  the  other  in  writing  and  in  accordance
               herewith,  except  that  notices of  changes  of address  will be
               effective only upon receipt.

          20.  Governing  Law. The validity,  interpretation,  construction  and
               performance  of this  Agreement will be governed by and construed
               in accordance with the substantive laws of the State of New York,
               without  giving  effect to the  principles of conflict of laws of
               such State. Each party consents to non-exclusive  jurisdiction of
               any New York state or federal  court for  purposes of any action,
               suit or  proceeding  hereunder,  waives  any  objection  to venue
               therein or any defense  based on forum non  conveniens or similar
               theories  and agrees  that  service of process may be effected in
               any such action, suit or proceeding by notice given in accordance
               with Paragraph 19.

          21.  Validity.  If any provision of this Agreement or the  application
               of any  provision  hereof to any person or  circumstance  is held
               invalid,  unenforceable  or  otherwise  illegal  by any  court of
               competent  jurisdiction,  the remainder of this Agreement and the
               application of such provision to any other person or circumstance
               will not be  affected,  and the  provision so held to be invalid,
               unenforceable  or  otherwise  illegal  will  be  reformed  to the
               extent, and only to the extent, necessary to make it enforceable,
               valid or legal.

          22.  Miscellaneous.  No  provision  of this  Agreement  may be waived,
               modified  or  discharged  unless  such  waiver,  modification  or
               discharge is agreed to in writing  signed by  Indemnitee  and the
               Corporation.  No waiver by either party hereto at any time of any
               breach by the other party hereto or compliance with any condition
               or  provision  of this  Agreement  to be  performed by such other
               party will be deemed a waiver of similar or dissimilar provisions
               or conditions at the same or at any prior or subsequent  time. No
               agreements or  representations,  oral or otherwise,  expressed or
               implied with respect to the subject  matter hereof have been made
               by  either  party  that  are  not  set  forth  expressly  in this
               Agreement.  References  to  Paragraphs  are to Paragraphs of this
               Agreement.

          23.  Counterparts.  This  Agreement  may be  executed  in one or  more
               counterparts,  each of which will be deemed to be an original but
               all of which together will constitute one and the same agreement.
<PAGE>

          24.  Amendments. No amendment, waiver,  modification,  termination, or
               cancellation  of this  Agreement  shall be  effective  unless  in
               writing signed by both parties hereto.

          25.  Cooperation and Interest. The Corporation shall cooperate in good
               faith with the Indemnitee and use its best efforts to ensure that
               the Indemnitee is indemnified  and/or  reimbursed for liabilities
               described in this  Agreement to the fullest  extent  permitted by
               law.

          26.  Legal Fees and Expenses. It is the intent of the Corporation that
               the  Indemnitee  not be required to incur legal fees and or other
               Expenses  associated  with  the  interpretation,  enforcement  or
               defense of Indemnitee's rights under this Agreement by litigation
               or  otherwise   because  the  cost  and  expense   thereof  would
               substantially  detract from the benefits  intended to be extended
               to the Indemnitee  hereunder.  Accordingly,  without limiting the
               generality  or effect of any other  provision  hereof,  (i) if it
               should appear to the Indemnitee  that the  Corporation has failed
               to comply with any of its  obligations  under this  Agreement  or
               that an action  should be brought in the nature of a  declaratory
               judgment to determine the rights of the parties  hereto,  or (ii)
               in the event that the  Corporation  or any other  person takes or
               threatens  to take any action to declare this  Agreement  void or
               unenforceable,  or institutes  any  litigation or other action or
               proceeding  designed to deny, or to recover from,  the Indemnitee
               the  benefits   provided  or  intended  to  be  provided  to  the
               Indemnitee hereunder,  the Corporation irrevocably authorizes the
               Indemnitee  from time to time to retain  counsel of  Indemnitee's
               choice, at the expense of the Corporation as hereafter  provided,
               to advise and  represent the  Indemnitee  in connection  with any
               such  interpretation,  enforcement or defense,  including without
               limitation  the  initiation or defense of any litigation or other
               legal  action,  whether  by or  against  the  Corporation  or any
               director,  officer,  stockholder or other person  affiliated with
               the   Corporation.   Notwithstanding   any   existing   or  prior
               attorney-client  relationship  between the  Corporation  and such
               counsel, the Corporation irrevocably consents to the Indemnitee's
               entering into an attorney-client  relationship with such counsel,
               and in that connection the  Corporation and the Indemnitee  agree
               that  a  confidential   relationship   shall  exist  between  the
               Indemnitee  and such  counsel.  Without  respect to  whether  the
               Indemnitee prevails,  in whole or in part, in connection with any
               of  the  foregoing,  the  Corporation  will  pay  and  be  solely
               financially  responsible  for any and all  attorneys' and related
               fees and expenses  incurred by the Indemnitee in connection  with
               any of the foregoing.

          27.  Certain Interpretive Matters. No provision of this Agreement will
               be  interpreted  in favor of, or  against,  either of the parties
               hereto by reason of the extent to which  either such party or its
               counsel  participated in the drafting thereof or by reason of the
               extent to which any such provision is inconsistent with any prior
               draft hereof or thereof

          28.  Effective  Date.  The  provisions of this  Agreement  shall cover
               Claims, whether now pending or hereafter commenced,  and shall be
               retroactive  to  cover  acts  or  omissions  or  alleged  acts or
               omissions which heretofore have taken place.

     IN WITNESS WHEREOF,  Indemnitee has executed and the Corporation has caused
its duly  authorized  representative  to execute  this  Agreement as of the date
first above written.

Attest:                                     Volt Information Sciences, Inc.

________________________________            By:_________________________________
Secretary                                    Name:
                                             Title:

                                            ------------------------------------
                                                     Indemnitee

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