Document:

Exhibit
10.1

 

 

 

INDEMNIFICATION AGREEMENT

 

This Indemnification
Agreement (“Agreement”) is effective as of [          ], by and between PharmaCyte Biotech, Inc., a Nevada corporation
(“Company), and [          ] (“Indemnitee”).

 

WHEREAS, highly competent
persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities unless they
are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions
against them arising out of their service to and activities on behalf of the corporation;

 

WHEREAS, to induce
Indemnitee to serve or continue to serve as a director or officer of the Company, the Company has determined to grant to Indemnitee,
as permitted by Sections 78.7502 and 78.751 of the Nevada Revised Statutes (“NRS”), rights to indemnification
and advancement of expenses, to the maximum extent permitted by law, as provided herein, whether or not expressly provided in the
Articles of Incorporation as now in effect and as may be amended and/or restated from time to time (“Articles of Incorporation”)
or the Bylaws of the Company as now in effect and as may be amended and/or restated from time to time (“Bylaws”);
and

 

WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee
to the fullest extent permitted by applicable law so that Indemnitee will serve or continue to serve the Company free from undue
concern that he or she will not be so indemnified.

 

NOW, THEREFORE, in
consideration of the foregoing and Indemnitee’s agreement to provide, or continue to provide, services to the Company, the
Company and Indemnitee hereby agree as set forth below.

 

1.                  
Certain Definitions

 

(a)               
“Board” shall mean the Board of Directors of the Company.

 

(b)               
“Change in Control” shall mean: (i) any “person” (as such term is used in Sections 13(d)
and 14(d) of the Exchange Act), other than a subsidiary of the Company or a trustee or other fiduciary holding securities under
an employee benefit plan of the Company or a subsidiary of the Company, is or becomes the “Beneficial Owner”
(as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more
of the total voting power represented by the Company’s then outstanding capital stock; (ii) during any period of two consecutive
years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or
nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors
then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority of the Board; or (iii) the stockholders of the Company approve
a merger or consolidation of the Company with any other corporation, other than a merger or consolidation that would result in
the outstanding capital stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into capital stock of the surviving entity) more than 50% of the total voting power represented
by the capital stock of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the
stockholders of the Company approve a plan of complete liquidation of the Company.

 

 

 

 

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(c)               
“Claim” shall be broadly construed to mean, without limitation, any threatened, pending or completed
action, lawsuit, arbitration, or alternative dispute resolution process or mechanism, or any hearing, inquiry, investigation, or
any other actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise, and whether
civil, criminal, administrative, or investigative, whether formal or informal, including a proceeding initiated by the Indemnitee
pursuant to this Agreement to enforce Indemnitee’s rights hereunder, or that Indemnitee in good faith believes might lead
to the institution of any of the foregoing.

 

(d)               
References to the “Company” shall include, in addition to the Company, any constituent corporation (including
any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries)
is a party which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary
of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in
the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would
have with respect to such constituent corporation if its separate existence had continued.

 

(e)               
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(f)                
“Expenses” shall be construed broadly to mean any and all direct and indirect fees and expenses of any
type or nature whatsoever (including, but not limited to, attorneys’ fees and all other costs, expenses and obligations)
incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing
to defend, to be a witness in or to participate in, any Claim.

 

(g)               
“Expense Advance” shall mean an advance payment of Expenses to Indemnitee pursuant to Section 3(a) hereof.

 

(h)               
“Indemnifiable Event” shall mean any event or occurrence related to the fact that Indemnitee is or was
a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the
request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture,
trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity.

 

(i)                
“Independent Directors” shall mean those members of the Board consisting of directors who are not parties
to the Claim.

 

(j)                
“Independent Legal Counsel” shall mean an attorney or law firm of attorneys, who shall not have otherwise
performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the
rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements).

 

(k)               
“Other Liabilities” shall be broadly construed to mean, without limitation, all, judgments, damages,
liabilities, losses, fines, penalties and amounts paid in settlement (if such settlement is approved in accordance with this Agreement,
which approval shall not be unreasonably withheld) of any Claim regarding any Indemnifiable Event and any federal, state, local
or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement.

 

(l)                
References to “other enterprises” shall include employee benefit plans; references to “fines”
shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving
at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the
Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to
an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be
deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement.

 

 

 

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(m)             
“Reviewing Party” shall mean an election made from among the following: (i) those members of the Board
who are Independent Directors even though less than a quorum; (ii) a committee of Independent Directors designated by a majority
of the Independent Directors, even though less than a quorum; or (iii) Independent Legal Counsel selected by the Indemnitee and
approved by the Company (which approval shall not be unreasonably withheld), provided that notwithstanding the foregoing, following
any Change in Control subsequent to the date of this Agreement, the Reviewing Party shall be Independent Legal Counsel selected
in the manner provided herein.

 

2.                  
Indemnification

 

(a)               
Indemnification of Expenses and Other Liabilities. The Company shall indemnify Indemnitee to the fullest extent permitted
by law, as such may be amended from time to time, if Indemnitee was or is or becomes a party to or witness or other participant
in, or is threatened to be made a party to or witness or other participant in, any Claim by reason of (or arising in part out of)
any Indemnifiable Event against all Expenses and Other Liabilities, including all interest, assessments and other charges
paid or payable in connection with or in respect of such Expenses. Indemnitee hereby agrees to repay to the Company all amounts
advanced to Indemnitee hereunder if it is ultimately determined by a court of competent jurisdiction that Indemnitee is not entitled
to indemnification hereunder. Other than in respect of Expense Advances paid in accordance with Section 3(a) hereof, such payment
of Expenses shall be made by the Company as soon as practicable but in any event no later than five (5) business days after written
demand by Indemnitee therefor is presented to the Company.

 

(b)               
Determination of Right to Indemnification. Unless otherwise provided in Section 11 hereof, the Company shall indemnify
Indemnitee pursuant to Section 2(a) hereof if Indemnitee has not failed to meet the applicable standard of conduct for indemnification.
With respect to all matters arising concerning whether or not the Indemnitee has met the applicable standard of conduct, the Indemnitee
shall be entitled to select the Reviewing Party. The Reviewing Party shall determine whether and to what extent Indemnitee would
be permitted to be indemnified under applicable law, and the Company and Indemnitee agree to abide by such determination, which,
if made by Independent Legal Counsel shall be made in a written opinion. The Company shall pay all reasonable fees and expenses
of the Independent Legal Counsel, including in connection with any action pursuant to this Agreement.

 

(c)               
Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement other than Section 11 hereof,
to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of a
Claim without prejudice, in defense of any Claim regarding any Indemnifiable Event, Indemnitee shall be indemnified against all
Expenses and Other Liabilities incurred by Indemnitee in connection therewith.

 

3.                  
Expenses; Indemnification Procedure

 

(a)               
Advancement of Expenses. The Company shall advance all Expenses incurred by Indemnitee. The advances to be made hereunder
shall be paid by the Company to Indemnitee as soon as practicable but in any event no later than thirty (30) days after written
demand by Indemnitee therefor to the Company. Indemnitee hereby agrees to repay to the Company all amounts advanced to Indemnitee
hereunder if it is ultimately determined by a court of competent jurisdiction that Indemnitee is not entitled to indemnification
hereunder. The Company’s obligation to advance Expenses shall terminate with respect to any Claim as to which the Indemnitee
shall have entered a guilty plea.

 

(b)               
Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified
under this Agreement, give the Company Notice (defined below) as soon as practicable of any Claim made against Indemnitee for which
indemnification will or could be sought under this Agreement; provided, however, that the failure to so provide Notice to the Company
shall not relieve the Company from any liability unless, and only to the extent that, Indemnitee’s failure to provide such
Notice shall have materially and adversely affected the Company. Notice to the Company shall be directed to the Chief Executive
Officer of the Company at the address set forth in Section 15 hereof (or such other address as the Company shall designate in writing
to Indemnitee). In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and
as shall be within Indemnitee’s power. The Company shall provide Indemnitee with such information and cooperation as Indemnitee
may reasonably require, to the extent that doing so is consistent with the Company’s obligation to cooperate with regulatory
or law enforcement agencies.

 

 

 

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(c)               
No Presumptions; Burden of Proof. 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 create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that
a court has determined that indemnification is not permitted by applicable law.

 

(d)               
Notice to Insurers. If, at the time of the receipt by the Company of a Notice of a Claim pursuant to Section 3(b)
hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt Notice of the commencement
of such Claim to the insurers in accordance with the procedures set forth in the respective insurance policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable
as a result of such Claim in accordance with the terms of such policies. The Company shall keep Indemnitee reasonably informed
as to the status of all relevant insurance matters.

 

(e)               
Assumption of Defense; Selection of Counsel. In the event the Company shall be obligated hereunder to pay the Expenses
of any Claim, the Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee
(such approval not to be unreasonably withheld) upon the delivery to Indemnitee of Notice of the Company’s election so to
do. After delivery of such Notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with
respect to the same Claim; provided that: (i) Indemnitee shall have the right to employ Indemnitee’s separate counsel in
any such Claim at Indemnitee’s own expense; and (ii) if (A) the employment of separate counsel by Indemnitee has been previously
authorized by the Company, (B) Indemnitee shall have reasonably concluded, with advice of counsel, that there may be a conflict
of interest between the Company and Indemnitee in the conduct of any such defense, (C) after a Change in Control, the employment
of separate counsel by Indemnitee has been approved by Independent Legal Counsel, or (D) the Company shall not continue to retain
counsel to defend such Claim, then the fees and expenses of Indemnitee’s separate counsel shall be considered an Expense.

 

4.                  
Additional Indemnification Rights; Nonexclusivity

 

(a)               
Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding
that such indemnification is not specifically authorized by the other provisions of this Agreement, the Articles of Incorporation,
the Bylaws or by statute. To the extent that a change in NRS Chapter 78, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Articles of Incorporation, Bylaws and this Agreement, it is the intent
of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. In the event
of any change in any applicable law, statute or rule which narrows the right of a Nevada corporation to indemnify a member of its
board of directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations
hereunder except as set forth in Section 11(a) hereof.

 

(b)               
Nonexclusivity. The Bylaws require indemnification of the officers and directors of the Company. Indemnitee may also
be entitled to indemnification pursuant to NRS Chapter 78. The Bylaws and NRS Chapter 78 expressly provide that the indemnification
provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and
members of the Board, officers and other persons with respect to indemnification. The indemnification provided under this Agreement
shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though Indemnitee
may have ceased to serve in such capacity.

 

5.                  
Contribution

 

(a)               
Whether or not the indemnification provided in Section 2 hereof is available, in respect of any Claim in which the Company
is jointly liable with Indemnitee (or would be if joined in such Claim), the Company shall, unless indemnification would not be
available as a result of Section 11 hereof, pay, in the first instance, the entire amount of any judgment or settlement of such
Claim without requiring Indemnitee to contribute to such payment. The Company hereby waives and relinquishes any right of contribution
it may have against Indemnitee. The Company shall not enter into any settlement of any Claim in which the Company is jointly liable
with Indemnitee (or would be if joined in such Claim) unless such settlement provides for a full and final release of all Claims
asserted against Indemnitee.

 

 

 

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(b)               
Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason,
Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Claim in which the Company
is jointly liable with Indemnitee (or would be if joined in such Claim), the Company shall contribute to the amount of Expenses
(including attorneys’ fees), judgments and Other Liabilities paid in settlement actually and reasonably incurred and paid
or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees
of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Claim), on the one
hand, and Indemnitee, on the other hand, from the transaction from which such Claim arose; provided, however, that the proportion
determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to
the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly
liable with Indemnitee (or would be if joined in such Claim), on the one hand, and Indemnitee, on the other hand, in connection
with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations
which the law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company,
other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such Claim), on the one hand, and Indemnitee,
on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by
intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which
their conduct is active or passive.

 

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

 

(d)               
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable
to Indemnitee for any reason whatsoever other than the reasons set forth in Section 11 hereof, the Company, in lieu of indemnifying
Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts
paid or to be paid in settlement and/or for Expenses and Other Liabilities, in connection with any Claim relating to an indemnifiable
event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such proceeding
in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s)
giving cause to such proceeding; and/or (ii) the relative fault of the Company (and its directors (other than Indemnitee) officers,
employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

6.                  
Settlement. The Company acknowledges that a settlement or other disposition short of final judgment may be successful
if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Claim to which Indemnitee
is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement
of such Claim with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful
on the merits or otherwise in such Claim. Anyone seeking to overcome this presumption shall have the burden of proof.

 

7.                  
No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with
any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy,
provision of the Articles of Incorporation, Bylaws or otherwise) of the amounts otherwise indemnifiable hereunder.

 

8.                  
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of Expenses or Other Liabilities incurred in connection with any Claim, but not, however, for all of the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses and Other Liabilities
to which Indemnitee is entitled.

 

9.                  
No Imputation. The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Company
or the Company itself shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

 

 

 

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10.              
Liability Insurance. For the duration of Indemnitee’s service as a director or officer or other agent of the Company,
and thereafter for so long as Indemnitee shall be subject to any pending or possible Claim by reason of any Indemnifiable Event,
the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative
to the cost thereof) to cause to be maintained in effect policies of liability insurance providing coverage for directors and officers
of the Company that are at least substantially comparable in scope and amount to that provided by the Company’s current policies
of directors’ and officers’ liability insurance. To the extent the Company maintains liability insurance applicable
to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide
Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company’s directors, if Indemnitee
is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer; or of the
Company’s key employees, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, agent
or fiduciary.

 

11.              
Exceptions. Notwithstanding any other provision of this Agreement, the Company shall not be obligated pursuant to the
terms of this Agreement:

 

(a)               
Excluded Action or Omissions. To indemnify Indemnitee for acts, omissions or transactions if a final decision by
a court having jurisdiction in the matter (after exhaustion of all appeals therefrom) shall determine that such indemnification
is prohibited by applicable law.

 

(b)               
Claims Initiated by Indemnitee. To indemnify Expenses or Other Liabilities or advance Expenses to Indemnitee with
respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, except: (i) with respect to actions
or proceedings brought to establish or enforce a right to indemnification hereunder or under the Articles of Incorporation; (ii)
in specific cases if the Board has approved the initiation or bringing of such Claim, or (iii) as otherwise required by applicable
law, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advance Expense payment
or insurance recovery, as the case may be.

 

(c)               
Claims Under Section 16(b). To indemnify Indemnitee for the payment of profits arising from the purchase and sale
by Indemnitee of securities in violation of Section 16(b) of the Exchange Act, or any similar successor statute; provided that
the Company shall advance Expenses in connection with Indemnitee’s defense of a claim under Section 16(b), which advances
shall be repaid to the Company if it is ultimately determined that Indemnitee is not entitled to indemnification of such Expenses.

 

(d)               
Reimbursement. To indemnify Indemnitee for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based
or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in
each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant
to Section 304 of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley Act”), or the payment to the Company of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act, or any reimbursements
or clawbacks of compensation under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 

12.              
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

13.              
Binding Effect; Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the business or assets of the Company), spouses, heirs and personal and
legal representatives. The Company shall require and cause any successor (whether direct or indirect, and whether by purchase,
merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business or assets of the Company,
by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.
This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent
or fiduciary (as applicable) of the Company or of any other enterprise at the Company’s request.

 

 

 

 

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14.              
Attorneys’ Fees. In the event that any action is instituted by Indemnitee under this Agreement or under any liability
insurance policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled
to be paid all Expenses incurred by Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately successful
in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless as a part of such action
a court of competent jurisdiction over such action finally determines that each of the material assertions made by Indemnitee as
a basis for such action was not made in good faith. In the event of an action instituted by or in the name of the Company under
this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all Expenses
incurred by Indemnitee in defense of such action (including costs and Expenses incurred with respect to Indemnitee’s counterclaims
and cross-claims made in such action), and shall be entitled to the advancement of all Expenses with respect to such action.

 

15.              
Notice. All notices, requests, demands and other communications under this Agreement (“Notice”) shall
be in writing and shall be deemed duly given, if delivered, mailed or sent, as applicable, to the applicable address set forth
below: (i) if delivered by hand and signed for by the party addressed, on the date of such delivery; (ii) if mailed by domestic
certified or registered mail with postage prepaid, on the third business day after the date postmarked; or (iii) if sent by a reputable
nationwide overnight courier service that guarantees next business day delivery, on the next business day after being sent:

 

		a)	if to Indemnitee, to the address indicated on the signature page of this Agreement, or such other
address as Indemnitee shall provide to the Company in accordance with this Section 15; and

 

		b)	if to the Company, to:

 

PharmaCyte Biotech, Inc.

23046 Avenida de la Carlota

Suite 600

Laguna Hills, California 92653

 

or such
other address as the Company shall provide to Indemnitee in accordance with this Section 15.

 

16.              
Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts
of the State of Nevada for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement
and agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the district court
of the State of Nevada in and for Clark County, which shall be the exclusive and only proper forum for adjudicating such a claim.

 

17.              
Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including
any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void
or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore,
to the fullest extent possible, the provisions of this Agreement (including, without limitations, each portion of this Agreement
containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable)
shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.

 

18.              
Choice of Law. This Agreement shall be governed by and its provisions construed and enforced in accordance with the
laws of the State of Nevada as applied to contracts between Nevada residents entered into and to be performed entirely within the
State of Nevada.

 

19.              
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

 

 

 

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20.              
Amendment; Termination and Waiver. Due to the uncertain application of any statutes of limitations that may govern any
Claim, this Agreement shall be of indefinite duration. No amendment, modification, termination or cancellation of this Agreement
shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver.

 

21.              
Integration and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and
supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject
matter hereof between the parties hereto. If the Company and Indemnitee have previously entered into an indemnification agreement
providing for indemnification of Indemnitee by the Company, the parties’ entry into this Indemnification Agreement shall
be deemed to amend and restate such Indemnification Agreement to read in its entirety as, and to be superseded by, this Indemnification
Agreement.

 

22.              
No Construction as Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee
any right to be retained in the employ of the Company or any of its subsidiaries or affiliated entities.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Indemnification Agreement as of the date first above written.

 

PHARMACYTE BIOTECH, INC.

 

 

By:                                                                                                  

Name: [          ]

Title: [          ]

 

AGREED TO AND ACCEPTED:

 

INDEMNITEE:

 

 

By:                                                                                                  

Name: [          ]

Address: [          ]

Title: [          ]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	9Exhibit 10.1

 

MODIFICATION
AND SETTLEMENT AGREEMENT

 

This
Modification and Settlement Agreement (this “Agreement”) is entered into as of March 16, 2021, by and
among FTE Networks, Inc., a Nevada corporation (the “Corporation”), on the one hand, and Lateral Juscom Feeder
LLC, a Delaware limited liability company (“Lateral”), Lateral US Credit Opportunities Fund, L.P., a Delaware
limited partnership (“LUSCOF”) and Lateral SMA Agent LLC, a Delaware limited liability company (“Lateral
SMA,” and WVP Emerging Manager Private Fund, LLC on behalf of and for the account of WVP Emerging Manager Private Fund
– Lateral Series, a Delaware limited liability company (“WVP,” and together with Lateral, LUSCOF and Lateral
SMA, the “Lateral Parties”) on the other hand. Each of the Corporation and the Lateral Parties is a “Party”
and, collectively, the “Parties.”

 

RECITALS

 

WHEREAS,
as of the date hereof, the Lateral Parties collectively beneficially own 8,128,688 shares of the common stock, par value $0.001
per share (the “Common Shares”), of the Corporation, including (i) 4,193,207 outstanding Common Shares, (ii)
1,586,865 Common Shares underlying Series A-1 Warrants (the “Series A-1 Warrants”), pursuant to that certain
Series A-1 Warrant Agreement, dated as of July 2, 2019 (the “Series A-1 Warrant Agreement”), (iii) 1,586,865
Common Shares underlying Series A-2 Warrants (the “Series A-2 Warrants”), pursuant to that certain Series A-2
Warrant Agreement, dated as of July 2, 2019 (the “Series A-2 Warrant Agreement” and together with the Series
A-1 Warrant Agreement, the “Warrant Agreements”), and 761,750 Common Shares underlying other warrants issued
by the Corporation to the Lateral Parties prior to the Warrant Agreements (the “Other Lateral Warrants”), each
to purchase one Common Share at a price per share set forth therein, in each case on the terms and conditions set forth in the
Warrant Agreements and the Other Lateral Warrants, as the case may be;

 

WHEREAS,
the Warrant Agreements provide that as soon as practicable after December 31, 2019 (the “Original True-Up Date”),
the number of Warrant Shares (as defined therein) that may be purchased upon exercise of the Series A-1 Warrants and Series A-2
Warrants of the Corporation would automatically without any further action by any holder thereof or the Corporation be increased
or decreased, so that after such adjustment, the sum of (i) the number of Common Shares issuable upon the exercise of all outstanding
Series A-1 Warrants and Series A- 2 Warrants of the Corporation, plus (iii) 4,193,207 Common Shares (previously issued to the
Lateral Parties other than Niagara Nominee, L.P. prior to the date hereof) equals 25.0% of the total issued and outstanding Common
Shares (on a fully-diluted basis) on the Original True-Up Date (the “True-Up Provision”).

 

WHEREAS,
on December 30, 2019, the Corporation consummated a purchase of the equity and certain business assets (the “Vision Acquisition”)
pursuant to that certain Purchase Agreement dated as of December 20, 2019 (the “Purchase Agreement”), by and
among the Corporation, (ii) US Home Rentals LLC, a Delaware limited liability company, (x) Vision Property Management, LLC, a
South Carolina limited liability company and certain other sellers named therein, and certain other parties named therein.

 

    	1

    	 

    

 

WHEREAS,
the Lateral Parties have provided an aggregate of approximately $2,000,000 in critical funding to support the Corporation’s
working capital requirements and operations.

 

WHEREAS,
the Parties wish to cancel the Warrant Agreements and the Other Lateral Warrants in exchange for Common Shares to reflect certain
negotiated effects of the Vision Acquisition.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows:

 

 1. Cancelation of Warrants and Issuance of New Shares.

 

(a) Each
Lateral Party owns, of record and beneficially, warrants evidencing (as of their original issuance date) the right to purchase
the number of Series A-1 Warrants or A- 2 Warrants corresponding to each Lateral Party’s name on Schedule A attached
hereto, together with any additional shares eligible to be purchased thereunder as a result of the anti-dilution provisions of
such warrants. The Lateral Parties (i) have good and valid title to and record and beneficial ownership of the Series A-1 Warrants
and Series A-2 Warrants originally representing the right to purchase an aggregate of 3,173,731 Common Shares (along with any
additional Common Shares eligible to be purchased thereunder as a result of the anti-dilution provisions of such warrants), and
Other Lateral Warrants representing the right to purchase an aggregate of 761,750 Common Shares (along with any additional Common
Shares eligible to be purchased thereunder as a result of the anti-dilution provisions of such warrants) (all such Series A-1
Warrants, Series A-2 Warrants and Other Lateral Warrants being herein referred to as the “Subject Warrants”),
in each case free and clear of any liens or rights of others; (ii) have not transferred any of the Subject Warrants of the Corporation
or any rights thereunder to any other person, other than to the Corporation pursuant to the cancellation contemplated by this
Agreement.

 

(b) On
the date hereof, the Corporation shall issue to the Lateral Parties the number of Common Shares corresponding to each Lateral
Party’s name on Schedule A attached hereto designated as “Settlement Date Shares”.

 

(c) Immediately
upon the satisfaction of the preceding sentence, all of the Subject Warrants shall be automatically and without any further action
of the parties hereto, cancelled and be of no further force or effect, including, without limitation any effect of the True- Up
Provision in the Warrant Agreements. No Common Shares or any other securities or other property have been acquired, and as a result
of their cancellation pursuant to this paragraph no Common Shares or any other securities or other property may been acquired,
pursuant to the Subject Warrants.

 

2.  Issuance
of Series J-1 and J-2 Redeemable Non-Convertible Preferred Shares.

 

(a) In
consideration of the modification of the Warrant Agreements as set forth above and for other good and valuable consideration,
within three business days after the date of this Agreement, the Corporation shall take all necessary action (including all necessary
filings with the Secretary of State of Nevada) to issue to the Lateral Parties an aggregate amount of $10,000,000 in stated value
of Series J-1 Non-Voting Non-Convertible Redeemable Preferred Stock (the “Series J-1 Preferred Shares”) and
an aggregate amount of $10,000,000 in stated value of Series J-2 Non-Voting Non-Convertible Redeemable Preferred Stock (the “Series
J-2 Preferred Shares”, and together with the Series J-1 Preferred Shares, the “Preferred Shares”)
to the Lateral Parties, to be allocated among the Lateral Parties as set forth in Schedule B. The Preferred Shares shall
have the terms and conditions set forth in the Form of Certificate of Designation set forth as Exhibit A hereto.

 

    	2

    	 

    

 

(b) The
Corporation and the Lateral Parties shall cooperate in good faith to ensure that the Preferred Shares are issued as promptly as
possible and to cause the Preferred Shares to be considered to be outstanding as of December 31, 2020, to the extent permitted
by and consistent with applicable legal and accounting requirements.

 

3. MCA
Litigation Recovery. The Lateral Parties shall pay to the Corporation, not later than 60 days following receipt of any
amounts recovered from any of those certain commercial tort litigation claims, fraud claims, and insurance claims against
various lenders under various merchant cash advances for indebtedness (other than, for the avoidance of doubt, any
convertible promissory notes or similar notes evidencing indebtedness for borrowed money) that was incurred but not permitted
under the agreements governing the Corporation’s indebtedness, including but not limited to claims against those
entities set forth on Exhibit B hereto (collectively, the “MCA Claims”), an amount equal to 50% of
any amounts received from any such MCA Claim in excess of an annualized preferred return of 100% on any amounts invested or
expended by the Lateral Parties in pursuing such MCA Claims. This preferred return shall not exceed three times such amounts
invested or expended. By way of illustration, if the recovery on a claim was $120,000 and was received 36 months after the
Lateral Parties expended $30,000 to recover that amount, the payment to the Corporation would be $15,000. The Lateral Parties
shall provide annually to the Corporation an accounting of any and all amounts invested or expended pursuing the MCA Claims.
The Lateral Parties acknowledge that as of the date of this Agreement, they have not yet invested or expended any amounts in
pursuing such MCA Claims, nor received any sums on account of such Claims.

 

 4.  Future True-Up Shares.

 

(a) Immediately
upon the earlier of the Conversion Date (as defined in the Certificate of Designation with respect to the Series I Preferred Shares)
or the conversion of any Series I Preferred Shares into fully paid and non-assessable Common Shares or the redemption, repurchase,
repayment, tender or other monetization of any Series I Preferred Shares (the “Future True-Up Date”), the Corporation
shall take all necessary action (including all necessary filings with the Secretary
of State of Nevada) to issue to the Lateral Parties the number of Common Shares corresponding to each Lateral Party’s name
on Schedule A attached hereto designated as “Future True-Up Shares”.

 

5.  No
Further Adjustments. The Lateral Parties agree and acknowledge that they have no agreement, arrangement or understanding with
the Corporation to provide or enter into any modification of this Agreement or the transactions contemplated hereby, or to issue
or provide any additional shares of any class or series (or any rights to acquire any such shares) or any consideration of any
other type or nature to any of the Lateral Parties, as a result of or relating to any agreement or arrangement that may be entered
into with the persons or entities that sold the Vision Property business to the Corporation
(the “Vision Arrangement”), whether or not the Vision Arrangement involves the payment or issuance of cash,
promissory notes, securities or any combination of the foregoing by the Corporation, and whether or not the Vision Arrangement
may wind up being agreed to by the Corporation on materially different terms than may be contemplated on the date of this Agreement.

 

    	3

    	 

    

 

6.  Notices.
Any notices, consents, determinations, waivers or other communications required or permitted to be given under the terms of this
Agreement must be in writing and will be deemed to have been delivered (a) upon receipt, when delivered personally, (b) upon confirmation
of receipt, when sent by email (provided such confirmation is not automatically generated), or (c) one business day after deposit
with a nationally recognized overnight delivery service, in each case properly addressed to the Party to receive the same. The
addresses and emails for such communications:

 

If
to the Corporation:

 

FTE
Networks, Inc.

237
West 35th Street, Suite 806

New
York, NY 10001

Attention:
General Counsel

Email:
mfernandez@ftenet.com

 

with
a copy (which will not constitute notice) to:

 

Troutman
Pepper Hamilton Sanders LLP

3000
Two Logan Square

Eighteenth
and Arch Streets

Philadelphia,
PA 19103

Attention:
Robert Friedel

Email:
robert.friedel@troutman.com

 

If
to Lateral:

 

Lateral
Investment Management, LLC

400
South El Camino Real, Suite 1100,

San
Mateo, CA 94402

650-396-2200

Attention:
Richard de Silva, Managing Partner

Email:
Rd@lateralim.com

 

with
a copy (which will not constitute notice) to

 

King
& Spalding LLP

1185
Avenue of the Americas

New
York, NY 10036

Attention:
Kevin E. Manz

Email:
kmanz@kslaw.com

 

    	4

    	 

    

 

If
to WVP:

 

Worth
Venture Partners, LLC

295
Sunset Avenue

Englewood,
NJ 07631

212-558-9017

Email:
hfdata@worthventure.com

 

7. Applicable
Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of New York without
reference to the conflict of laws principles thereof. Each of the Parties irrevocably agrees that any legal action or proceeding
with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment
in respect of this Agreement and the rights and obligations arising hereunder brought by another Party or its successors or assigns,
will be brought and determined exclusively in the courts of the State of New York (or, if a New York state court declines to accept
jurisdiction over a particular matter, any federal court within the Southern District of New York). Each of the Parties hereby
irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally,
to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement in
any court other than the aforesaid courts. Each of the Parties hereby irrevocably waives, and agrees not to assert in any action
or proceeding with respect to this Agreement, (a) any claim that it is not personally subject to the jurisdiction of the above-named
courts for any reason, (b) any claim that it or its property is exempt or immune from jurisdiction of any such court or from any
legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of
execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent permitted by applicable legal requirements,
any claim that (i) the suit, action or proceeding in such court is brought in an inconvenient forum, (ii) the venue of such suit,
action or proceeding is improper, or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

 

8. Counterparts.
This Agreement may be executed in two or more textually identical counterparts, each of which will be considered one and the same
agreement and will become effective when counterparts have been signed by each of the Parties and delivered to the other Parties
(including by means of electronic delivery or facsimile).

 

    	5

    	 

    

 

9. Entire
Agreement; Amendment and Waiver; Successors and Assigns; Third Party Beneficiaries; Term. This Agreement, the Warrant Agreements,
the Series J-1 Preferred Shares, the Series J-2 Preferred Shares, the Series I Preferred Shares and a separate letter agreement
dated the date hereof together constitute the entire agreement of the Parties with respect to the subject matter discussed herein
and together supersede all prior agreements, arrangements, or understandings, whether written or oral, between the parties with
respect to the transactions contemplated hereby. No modifications of this Agreement can be made except in writing signed by an
authorized representative of each Party. No failure on the part of any Party to exercise, and no delay in exercising, any right,
power or remedy hereunder will operate as a waiver thereof, nor will any single or partial exercise of such right, power or remedy
by such Party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies
hereunder are cumulative and are not exclusive of any other remedies provided by law. The terms and conditions of this Agreement
will be binding upon, inure to the benefit of, and be enforceable by the Parties and their respective successors, heirs, executors,
legal representatives, and permitted assigns. No Party will assign or delegate this Agreement or any rights or obligations hereunder
without, with respect to Lateral, the prior written consent of the Corporation, and with respect to the Corporation, the prior
written consent of the Lateral Parties. This Agreement is solely for the benefit of the Parties and is not enforceable by any
other persons or entities.

 

10. Interpretation.
When a reference is made in this Agreement to “Sections,” or “Exhibits,” such reference shall be to a
Section of or Exhibit to this Agreement unless otherwise indicated. The terms defined in the singular have a comparable meaning
when used in the plural, and vice versa. The headings contained in this Agreement are for reference purposes only and are not
part of this Agreement. Whenever the words “include,” “includes” or “including” are used in
this Agreement, they shall be deemed followed by the words “without limitation.” No rule of construction against the
draftsperson shall be applied in connection with the interpretation or enforcement of this Agreement, as this Agreement is the
product of negotiation between sophisticated parties advised by counsel. All references to “$” or “dollars”
mean the lawful currency of the United States of America. Except as expressly stated in this Agreement, all references to any
statute, rule or regulation are to the statute, rule or regulation as amended, modified, supplemented or replaced from time to
time (and, in the case of statutes, include any rules and regulations promulgated under the statute) and to any section of any
statute, rule or regulation include any successor to the section. Whenever the words “hereof”, “hereby”,
“herein” and “hereunder” and words of like import are used in this Agreement, they shall refer to this
Agreement as a whole and not to any particular provision of this Agreement.

 

[The
remainder of this page intentionally left blank]

 

    	6

    	 

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized signatories of the Parties as of the
date first indicated above.

 

	 	THE
    CORPORATION:
	 	 
	 	FTE
    NETWORKS, INC.
	 	 
	 	By: 	/s/
    Michael P. Beys
	 	Name: 	Michael B. Beys
	 	Title: 	Interim Chief Executive Officer
	 	 
	 	THE
    LATERAL PARTIES:
	 	 
	 	LATERAL
    US CREDIT OPPORTUNITIES FUND LP
	 	 
	 	By: 	/s/
    Richard de Silva
	 	Name: 	Richard de
Silva
	 	Title: 	Manager
	 	 
	 	LATERAL
    JUSCOM FEEDER, LLC
	 	 
	 	By: 	/s/
    Richard de Silva
	 	Name: 	Richard de Silva
	 	Title: 	Manager
	 	 
	 	LATERAL
    SMA AGENT, LLC
	 	 
	 	By:	/s/
    Richard de Silva
	 	Name: 	Richard de Silva
	 	Title: 	Manager
	 	 
	 	WVP
    EMERGING MANAGER PRIVATE FUND, LLC ON BEHALF OF AND FOR THE ACCOUNT OF WVP EMERGING MANAGER PRIVATE FUND – LATERAL SERIES
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

SCHEDULE
A

 

	Lateral Party	 	Series A-1 Warrants	 	 	Series A-2 Warrants	 	 	Other Lateral Warrants	 	 	Settlement Date Shares to be Issued on the Date Hereof
 (See
                                                                                                                                                                                                                                                                                     Section 1) Fu
	 	 	Future True Up Shares to be Issued on the
 Future True Up Date
 (See Section 4)
	 
	Lateral US Credit Opportunities Fund, L.P.	 	 	1,235,110	 	 	 	1,235,110	 	 	 	748,250	 	 	 	5,477,971	 	 	 	2,492,805	 
	Lateral Juscom Feeder, LLC	 	 	251,254	 	 	 	251,253	 	 	 	0	 	 	 	962,148	 	 	 	507,101	 
	Lateral SMA Agent, LLC	 	 	30,151	 	 	 	30,151	 	 	 	4,050	 	 	 	119,510	 	 	 	60,853	 
	WVP Emerging Manager Private Onshore Fund, LLC	 	 	70,351	 	 	 	70.351	 	 	 	9,450	 	 	 	278,852	 	 	 	141,988	 
	Total:	 	 	1,516,585	 	 	 	1,516,584	 	 	 	761,750	 	 	 	6,838,481	 	 	 	3,202,748	 

 

    	 

    	 

    

 

SCHEDULE
B

 

	Lateral Party	 	Series J-1 Preferred Shares	 	 	Series J-2 Preferred Shares	 
	Lateral US Credit Opportunities Fund, L.P.	 	$	3,891,667	 	 	$	3,891,667	 
	Lateral Juscom Feeder, LLC	 	$	3,291,666	 	 	$	3,291,666	 
	WVP Emerging Manager Private Onshore Fund, LLC	 	$	221,667	 	 	$	221,667	 
	Lateral Home Agent, LLC	 	$	2,595,000	 	 	$	2,595,000	 
	Total:	 	$	10,000,000	 	 	$	10,000,000	 

 

    	 

    	 

    

 

EXHIBIT
B

 

	 	 	Borrower	 	Guarantor(s)	 	Counterparty	 	Date	 	Indebtedness	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Secured Merchant Agreement	 	FTE Networks, Inc.	 	FTE Holdings, LLC Jus- Com, Inc 
Focus Venture Partners, Inc Benchmark Buildings, Inc. Focus Wireless LLC	 	Influx Capital, LLC	 	December 14, 
2018	 	$	2,000,000.00	 
	Secured Merchant Agreement	 	FTE Networks, Inc.	 	FTE Holdings, LLC Jus- Com, Inc 
Focus Venture Partners, Inc Benchmark Buildings, Inc. Focus Wireless LLC	 	Franklin Funding 
Group LLC	 	December 14, 
2018	 	$	2,000,000.00	 
	Merchant Agreement	 	Benchmark Builders 
Inc. FTE Networks Inc Focus Wireless LLC 
Jus-Com Inc.	 	David S. Lethem Michael 
C. Palleschi	 	Cap Call, LLC	 	December 14, 
2018	 	$	250,000.00	 
	Secured Merchant Agreement	 	Benchmark Builders 
Inc. FTE Networks Inc Focus Wireless LLC 
Jus-Com Inc.	 	David S. Lethem Michael 
C. Palleschi	 	Preferred Capital	 	December 12, 
2018	 	$	500,000.00	 
	Secured Merchant Agreement	 	FTE Networks, Inc.	 	Michael C. Pelleschi David S. Lethem	 	Alfa Advance	 	December 12, 
2018	 	$	450,000.00	 
	Agreement for the Purchase and Sale of Future Receipts	 	FTE Holdings, LLC	 	David Scott Lethem FTE Networks, Inc. Jus-Com, Inc. 
Focus Venture Partners, Inc. 
Benchmark Builders, Inc. Optos Capital Partners, LLC 
Focus Wireless, LLC FTE Wireless, LLC 
Crosslayer, Inc.	 	Unique Funding Solutions LLC	 	December 17, 
2018	 	$	750,000.00	 
	Secured Merchant Agreement	 	Benchmark Builders 
Inc. FTE Networks, Inc. Focus Wireless, LLC 
Jus-Com, Inc.	 	Davis S. Lethem Michael C. Palleschi	 	Addy Source LLC	 	December 12, 
2018	 	$	500,000.00	 

 

    	 

    	 

    

 

	Merchant Agreement	 	Benchmark Builders 
Inc. FTE Networks, Inc. Focus Wireless, LLC 
Jus-Com, Inc.	 	Davis S. Lethem Michael C. Palleschi	 	Cap Call, LLC	 	November 30, 
2018	 	$	800,000.00	 
	Secured Merchant Funding	 	FTE Networks, Inc.	 	Davis S. Lethem Michael C. Palleschi FTE Holdings, LLC Jus-Com, Inc 
Focus Venture Partners, Inc. Benchmark Builders, Inc.	 	Queen Funding LLC	 	November 28, 
2018	 	$	1,250,000.00	 
	Future Merchant Services, LLC	 	FTE Networks, Inc.	 	David S. Lethem Michael C. Palleschi FTE Holdings, LLC Jus-Com, Inc 
Focus Venture Partners, Inc 
Benchmark Builders, Inc Focus Wireless 
LLC	 	Capital Merchant Services, LLC	 	November 28, 
2018	 	$	750,000.00	 
	Future Receivables Sale and Purchase Agreement	 	FTE Networks, Inc.	 	David S. Lethem Michael C. Palleschi FTE Holdings, LLC Jus-Com, Inc 
Focus Venture Partners, Inc 
Benchmark Builders, Inc Focus Wireless 
LLC	 	Green Capital Funding, LLC	 	November 27, 
2018	 	$	600,000.00	 
	Merchant Agreement	 	FTE Networks, Inc.	 	Davis S. Lethem	 	HFH CAP	 	October 30, 2018	 	$	1,000,000.00	 
		 	 	 	Michael C. Palleschi	 	 	 	 	 	 	 	 
	 	 	 	 	FTE Holdings, LLC	 	 	 	 	 	 	 	 
	 	 	 	 	Jus-Com, Inc.	 	 	 	 	 	 	 	 
	 	 	 	 	Focus Venture Partners,	 	 	 	 	 	 	 	 
	 	 	 	 	Inc.	 	 	 	 	 	 	 	 
	 	 	 	 	Benchmark Builders,	 	 	 	 	 	 	 	 
	 	 	 	 	Inc.	 	 	 	 	 	 	 	 
	 	 	 	 	Focus Fiber Solutions,	 	 	 	 	 	 	 	 
	 	 	 	 	LLC	 	 	 	 	 	 	 	 
	 	 	 	 	Crosslayer Inc.	 	 	 	 	 	 	 	 
	Secured Merchant	 	FTE Networks, Inc.	 	Davis S. Lethem	 	Hop Capital	 	November 8,	 	$	2,750,000.00	 
	 	 	 	 	Michael C. Palleschi	 	 	 	 	 	 	 	 
	 	 	 	 	Benchmark Builders, Inc.	 	 	 	 	 	 	 	 
	 	 	 	 	FTE Holdings LLC	 	 	 	 	 	 	 	 
	 	 	 	 	Jus-Com, Inc.	 	 	 	 	 	 	 	 
	 	 	 	 	Focus Venture Partners,	 	 	 	 	 	 	 	 
	 	 	 	 	Inc.

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