Document:

Exhibit
10.3 

 

Gopher
Protocol Inc.

 

2500
Broadway, Suite F-125

 

Santa
Monica, CA 90404

 

May
17, 2018

 

Ambassador
Ned L. Siegel

 

Letter
of Appointment – Board of Directors

 

Dear
Ambassador:

 

We
are pleased to offer you the role as a director of the Board of Directors (the “Board”) of Gopher Protocol Inc. (the
“Company”). This letter contains the terms of your appointment as a director of the Board of Directors of the Company
and will be effective from the date of the signing of this letter.

 

		1.	Your
Duties: 

 

		a)	You
                                         will be expected to attend all meetings (either in person or by teleconference) of the
                                         Board of the Company, of which we expect to hold approximately four per annum as well
                                         as sign all written consents if you deem appropriate. In addition, you will be expected
                                         to perform such other duties as are reasonably contemplated by your holding office as
                                         a director of the Company or which may reasonably be assigned to you by the Board from
                                         time to time.
                                         

 

		b)	As
                                         a director you will:
                                         

 

		i)	Perform
                                         to the best of your abilities and knowledge the duties reasonably assigned to you by
                                         the Board from time to time, whether during or outside business hours and at such places
                                         as the Board reasonably requires;
                                         

 

		ii)	Use
                                         all reasonable efforts to promote the interests of the Company;

 

		iii)	Attend
                                         directors’ meetings;

 

		iv)	Act
                                         in the best interests of the Company; and
                                         

 

		v)	Work
                                         closely with the Board of Directors and the Chief Executive Officer.
                                         

 

		c)	As
                                         you will appreciate, however, your time commitment will ultimately be a product of the
                                         matters confronting the Company from time to time and matters properly requiring your
                                         attention as a director of the Company.
                                         

 

		2.	Remuneration:
                                         

 

		a)	Upon
                                         signing this agreement, the Company shall issue you (i) 100,000 shares of common stock
                                         of the Company and (ii) a stock option to purchase 100,000 shares of the Company’s
                                         common stock at an exercise price of $2.50 per share.

 

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		b)	The
                                         Company shall issue you 100,000 shares of common stock of the Company per annum in four
                                         equal tranches of 25,000 on January 1st, April 1st, July 1st
                                         and October 1st commencing January 1, 2019.

 

		c)	The
                                         Company shall pay you $5,000 per quarter on January 1st, April 1st,
                                         July 1st and October 1st commencing July 1, 2018.

 

		3.	Expenses:
                                         Subject to you providing the Company with receipts or other evidence of payment, the
                                         Company will pay for or reimburse you for all travelling, hotel and other expenses reasonably
                                         incurred by you in connection with attending and returning from Board, Committee, Company,
                                         meetings or otherwise in connection with the Company’s business. Reasonable travel and
                                         out of pocket expenses used in connection with the business of the Group shall include:
                                         

 

		a)	Domestic
                                         and international travel (economy class under 4 hours and business class over 4 hours);
                                         and
                                         

 

		b)	Hotel
                                         accommodation.
                                         

 

		4.	Termination
                                         of Appointment:
                                         

 

		a)	Your
                                         appointment as the Director may be terminated at any time by the vote of the stockholders
                                         of the Company in accordance with the certificate of incorporation and bylaws of the
                                         Company.
                                         

 

		b)	You
                                         acknowledge and agree that if the shareholders of the Company terminate your appointment,
                                         you will have no claim of any kind against the Company by reason of the termination.
                                         

 

		c)	You
                                         are at liberty to terminate the appointment at any time by notice in writing to the Company.
                                         

 

		5.	What
                                         happens after termination of appointment?

                                         If your appointment is terminated for any reason or you resign for any reason:
                                         

 

		a)	The
                                         Company may set off any amounts you owe the Company against any amounts the Company owes
                                         to you as a Director at the date of termination except for amounts the Company is not
                                         entitled by law to set off;
                                         

 

		b)	You
                                         must return all the Company’s property (including property leased by the Company) to
                                         the Company on termination including all written or machine readable material, software,
                                         computers, credit cards, keys and vehicles; and
                                         

 

		c)	You
                                         must not record any confidential information in any form after termination.
                                         

 

		6.	Prohibited
                                         Activities:
                                         

 

		a)	You
                                         undertake to the Company that you will not during the term of your appointment engage
                                         in a business or an activity that would place you in a position of conflict in respect
                                         of the performance of your duties.
                                         

  

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		b)	The
                                         terms of your appointment do not restrict you from accepting appointment as a director
                                         of any other company outside of the Company’s industry, providing consulting services
                                         or any other business or other activity whatsoever. The Company acknowledges and accepts
                                         your current roles as a director.  You recognize that the services to be performed
                                         by you under the Agreement are special, unique and extraordinary. The parties confirm
                                         that it is reasonably necessary for the protection of the Company’s goodwill that you
                                         agree, and accordingly, you do hereby agree and covenant, that during your term as director,
                                         you will not, directly or indirectly, except for the benefit of the Company:

 

		i.	become
                                         an officer, director, more than 2% stockholder, partner, associate, employee, owner,
                                         proprietor, agent, creditor, independent contractor, co-venturer or otherwise, or be
                                         interested in or associated with any other corporation, firm or business engaged in the
                                         same or any similar business competitive with that of the Company (including the Company’s
                                         present and future subsidiaries and affiliates) (the “Business”); or

 

		ii.	solicit,
                                         cause or authorize, directly or indirectly, to be solicited for or on behalf of himself
                                         or third parties from parties who were customers of the Company (including its present
                                         and future subsidiaries and affiliates) at any time during your term, any business similar
                                         to the business transacted by the Company with such customer; or

 

		iii.	accept
                                         or cause or authorize, directly or indirectly, to be accepted for or on behalf of your
                                         or third parties, business from any such customers of the Company (including its present
                                         and future subsidiaries and affiliates); or

 

		iv.	solicit,
                                         or cause or authorize, directly or indirectly, to be solicited for employment for or
                                         on behalf of you or third parties, any persons who were at any time during your term
                                         hereunder, employees of the Company (including its present and future subsidiaries and
                                         affiliates); or

 

		v.	employ
                                         or cause or authorize, directly or indirectly, to be employed for or on behalf of yourself
                                         or third parties, any such employees of the Company (including its present and future
                                         subsidiaries and affiliates); or

 

		vi.	use
                                         the tradenames, trademarks, or trade dress of any of the products of the Company (including
                                         its present and future subsidiaries and affiliates); or any substantially similar tradename,
                                         trademark or trade dress likely to cause, or having the effect of causing, confusion
                                         in the minds of manufacturers, customers, suppliers and retail outlets and the public
                                         generally.

 

You
acknowledge the intention that the Company shall have the broadest possible protection of the value of its business consistent
with public policy, and it will not violate the intent of the parties if any court should determine that, consistent with established
precedent of the forum state, the public policy of such state requires a more limited restriction in geographical area or duration
of the aforesaid covenant not to compete, contained in an appropriate decree.

 

		c)	Except
                                         as permitted in this Agreement or as approved by the Company, you will not (i) use any
                                         Confidential Information (as defined below) or (ii) disseminate or in any way disclose
                                         the Confidential Information to any person, firm, business or governmental agency or
                                         department. You may use the Confidential Information to perform your Duties for the benefit
                                         of Company. You shall treat all Confidential Information with the same degree of care
                                         as you accord to your own confidential information, but in no case shall you use less
                                         than reasonable care. You shall immediately give notice to Company of any unauthorized
                                         use or disclosure of the Confidential Information. You shall assist Company in remedying
                                         any the unauthorized use or disclosure of the Confidential Information. You agree not
                                         to communicate any information to Company in violation of the proprietary rights of any
                                         third party.

 

“Confidential
Information” means (a) any technical and non-technical information related to the Company’s business and current,
future and proposed products and services of Company, including for example and without limitation, Company innovations, intellectual
property, and information concerning research, development, design details and specifications, financial information, procurement
requirements, engineering and manufacturing information, customer lists, business forecasts, sales information, marketing plans
and business plans, and provided, in each case, that each is marked as “confidential” or “proprietary”
and (b) any information that Company has received from others that may be made known to you and that Company is obligated to treat
as confidential or proprietary, and provided, in each case, that each is marked as “confidential” or “proprietary”.

 

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		7.	Notices
                                         and Other Communications:
                                         

 

		a)	Service
of Notices

 

A
notice, demand, consent, approval or communication under this letter (collectively a “Notice”) must be:

 

		i)	In
                                         writing and in English directed to the address advised by the recipient for notices,
                                         as varied by any notice; and
                                         

 

		ii)	Hand
                                         delivered or sent by prepaid post or facsimile to that address.
                                         

 

		b)	Effective
                                         on Receipt: A Notice given in accordance with section 7a takes effect when received (or
                                         at a later time specified in the Notice), and is taken to be received:
                                         

 

		i)	If
                                         hand delivered, on delivery;
                                         

 

		ii)	If
                                         sent by prepaid post, two Business Days after the date of posting (or seven Business
                                         Days after the date of posting if posted to or from outside The United States of America);
                                         

 

		iii)	If
                                         sent by facsimile, when the sender’s facsimile system generates a message confirming
                                         successful transmission of the entire Notice unless, within eight Business Hours after
                                         the transmission, the recipient informs the sender that it has not received the entire
                                         Notice;

 

but if the delivery, receipt or transmission is not on a Business Day or is after 5.00pm on a Business Day, the Notice is taken
to be received at 9.00am on the Business Day after that delivery, receipt or transmission.

 

		8.	Miscellaneous
                                         

 

		a)	Alterations:
                                         This letter may be altered only in writing signed by each party.
                                         

 

		b)	Approvals
                                         and consents: Except where this letter expressly states otherwise, a party may, in its
                                         discretion, give conditionally or unconditionally or withhold any approval or consent
                                         under this letter.
                                         

 

		c)	Assignment:
                                         This letter may NOT be assigned by either party.
                                         

 

		d)	Costs:
                                         Each party must pay its own costs of negotiating, preparing and executing this letter.
                                         

 

		e)	Survival:
                                         Any indemnity in this letter is independent and survives termination of this letter.
                                         Any other provision by its nature intended to survive termination of this letter survives
                                         termination of this letter.
                                         

 

		f)	Counterparts:
                                         This letter may be executed in counterparts. All executed counterparts constitute one
                                         document.
                                         

 

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		g)	No
                                         Merger: The rights and obligations of the parties under this letter do not merge on completion
                                         of any transaction contemplated by this letter.
                                         

 

		h)	Entire
                                         Agreement: This letter constitutes the entire agreement between the parties in connection
                                         with its subject matter and supersedes all previous agreements or understandings between
                                         the parties in connection with its subject matter.
                                         

 

		i)	Further
                                         Action: Each party must do, at its own expense, everything reasonably necessary (including
                                         executing documents) to give full effect to this letter and the transactions contemplated
                                         by it.
                                         

 

		j)	Waiver:
                                         A party does not waive a right, power or remedy if it fails to exercise or delays in
                                         exercising the right, power or remedy. A single or partial exercise of a right, power
                                         or remedy does not prevent another or further exercise of that or another right, power
                                         or remedy. A waiver of a right, power or remedy must be in writing and signed by the
                                         party giving the waiver.
                                         

 

		k)	Relationship:
                                         Except where this letter expressly states otherwise, it does not create a relationship
                                         of employment, agency or partnership between the parties.
                                         

 

		l)	Confidentiality:
                                         A party may only use the confidential information of another party for the purposes of
                                         this letter, and must keep the existence of this letter and the terms of it and the confidential
                                         information of another party confidential information except where:
                                         

 

		i)	The
                                         information is public knowledge (but not because of a breach of this letter) or the party
                                         has independently created the information; or
                                         

 

		ii)	Disclosure
                                         is required by law or a regulatory body (including a relevant stock exchange).
                                         

 

		m)	Announcements:
                                         A public announcement in connection with this letter or a transaction contemplated by
                                         it must be agreed by the parties before it is made, except if required by law or a regulatory
                                         body (including a relevant stock exchange).
                                         

 

		9.	Insurance:
                                         The Company has directors’ and officers’ liability insurance under which you are covered
                                         in the US and elsewhere for all usual risks during the term of your appointment as the
                                         Director. The Company will maintain that cover for the full term of your appointment.
                                         

 

		10.	Contract
                                         for Services: This is a contract for services and is not a contract of employment.
                                         

 

		11.	Governing
                                         Law: This Agreement shall be governed by the laws of the State of Nevada (without giving
                                         effect to choice of law principles or rules thereof that would cause the application
                                         of the laws of any jurisdiction other than the State of Nevada) and the invalidity or
                                         unenforceability of any provision hereof shall in no way affect the validity or enforceability
                                         of any other provision. Any provision of this Agreement which is prohibited or unenforceable
                                         in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent
                                         of such prohibition or unenforceability without invalidating or affecting the remaining
                                         provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall
                                         not invalidate or render unenforceable such provision in any other jurisdiction.
                                         

 

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Please
sign the attached copy of this letter to indicate that you have read, understood and accept the terms of your appointment.

 

Yours
Sincerely,

 

Gopher
Protocol Inc.

 

By:/s/
Mansour Khatib

 

Name:
Mansour Khatib

 

Title:
Interim Chief Executive Officer

 

Agreed
to and accepted by:

 

/s/ Ambassador Ned L. Siegel

Ambassador Ned L. Siegel

 

    6Exhibit
10.4

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”), dated as of May 17, 2018 is made by and between GOPHER PROTOCOL
INC., a Nevada corporation (the “Company ’), and ______________, a director and/or officer of the Company (the
“Indemnitee”).

 

RECITALS

 

A.           The
Company is aware that competent and experienced persons are increasingly reluctant to serve as directors or officers of corporations
unless they are protected by comprehensive liability insurance and/or indemnification, due to increased exposure to litigation
costs and risks resulting from their service to such corporations, and because the exposure frequently bears no reasonable relationship
to the compensation of such directors and officers;

 

B.            Based
on their experience as business managers, the Board of Directors of the Company (the “Board”) has concluded
that, to retain and attract talented and experienced individuals to serve as officers and directors of the Company, and to encourage
such individuals to take the business risks necessary for the success of the Company, it is necessary for the Company contractually
to indemnify officers and directors and to assume for itself maximum liability for expenses and damages in connection with claims
against such officers and directors in connection with their service to the Company;

 

C.           
The Nevada Revised Statutes, under which the Company is organized (the “Law”), empowers the Company to
indemnify by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company, as
directors, officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification
provided by the Law is not exclusive; and

 

D.            The
Company desires and has requested the Indemnitee to serve or continue to serve as a director or officer of the Company free from
undue concern for claims for damages arising out of or related to such services to the Company.

 

NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.            Definitions.

 

1.1.          Agent.
For the purposes of this Agreement, “agent” of the Company means any person who is or was a director
or officer of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to
represent the interest of the Company or a subsidiary of the Company as a director or officer of another foreign or domestic corporation,
partnership, joint venture, trust or other enterprise or an affiliate of the Company; or was a director or officer of a foreign
or domestic corporation which was a predecessor corporation of the Company, or was a director or officer of another enterprise
or affiliate of the Company at the request of, for the convenience of, or to represent the interests of such predecessor corporation.
The term “enterprise” includes any employee benefit plan of the Company, its subsidiaries, affiliates
and predecessor corporations.

 

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1.2          Expenses.
For purposes of this Agreement, “expenses” includes all direct and indirect costs of any type or nature whatsoever (including,
without limitation, all attorneys’ fees and related disbursements and other out-of-pocket costs) actually and reasonably incurred
by the Indemnitee in connection with the investigation, defense or appeal of a proceeding or establishing or enforcing a right
to indemnification or advancement of expenses under this Agreement, the Law or otherwise.

 

1.3          Proceeding.
For the purposes of this Agreement, “proceeding” means any threatened, pending or completed action, suit or other
proceeding, whether civil, criminal, administrative, investigative or any other type whatsoever.

 

1.4          Subsidiary.
For purposes of this Agreement, “subsidiary” means any corporation of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company, by the Company and one or more of its subsidiaries or by one or more
of the Company’s subsidiaries.

 

2.            Agreement
to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at the will of the Company
(or under separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the Company,
faithfully and to the best of his ability, so long as he or she is duly appointed or elected and qualified in accordance with
the applicable provisions of the charter documents of the Company or any subsidiary of the Company; provided, however,
that the Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation that the
Indemnitee may have assumed apart from this Agreement), and the Company or any subsidiary shall have no obligation under this
Agreement to continue to indemnify the Indemnitee for any actions taken or not taken by him or her after the date of resignation
or termination of such position.

 

3.             Directors’
and Officers’ Insurance. The Company shall, to the extent that the Board determines it to be economically reasonable,
maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on such terms
and conditions as may be approved by the Board.

 

4.             Mandatory
Indemnification. Subject to Section 9 below, the Company shall indemnify the Indemnitee:

 

4.1          
Third Party Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to
any proceeding (other than an action by or in the right of the Company) by reason of the fact that he is or was an agent of the
Company, or by reason of anything done or not done by him in any such capacity, against any and all expenses and liabilities of
any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement)
actually and reasonably incurred by him in connection with the investigation, defense, settlement or appeal of such proceeding
if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Company
and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful; and

 

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4.2           Derivative
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by
or in the right of the Company to procure a judgment in its favor by reason of the fact that he is or was an agent of the Company,
or by reason of anything done or not done by him in any such capacity, against any amounts paid in settlement of any such proceeding
and all expenses actually and reasonably incurred by him in connection with the investigation, defense, settlement or appeal of
such proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests
of the Company; except that no indemnification under this subsection shall be made in respect of any claim, issue or matter
as to which such person shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction due
to willful misconduct of a culpable nature in the performance of his duty to the Company, unless and only to the extent that the
Court of Chancery or the court in which such proceeding was brought shall determine upon application that, despite the adjudication
of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for
such amounts which the Court of Chancery or such other court shall deem proper; and

 

4.3           Exception
for Amounts Covered by Insurance.  Notwithstanding the foregoing, the Company shall not be obligated to indemnify the
Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes
or penalties and amounts paid in settlement) to the extent such have been paid directly to the Indemnitee by D&O Insurance.

 

5.             Partial
Indemnification and Contribution.

 

5.1          Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines,
BRISA excise taxes or penalties and amounts paid in settlement) incurred by him or her in the investigation, defense, settlement
or appeal of a proceeding but is not entitled, however, to indemnification for all of the total amount thereof, then the Company
shall nevertheless indemnify the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is
not entitled to indemnification.

 

5.2          Contribution.
If the Indemnitee is not entitled to the indemnification provided in Section 4 for any reason other than the statutory
limitations set forth in the Law, then in respect of any threatened, pending or completed proceeding in which the Company is jointly
liable with the Indemnitee (or would be if joined in such proceeding), the Company shall contribute to the amount of expenses
(including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable
by the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one
hand and the Indemnitee on the other hand from the transaction from which such proceeding arose and (ii) the relative fault of
the Company on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such expenses,
judgments, fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of the Company
on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such expenses,
judgments, fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to
this Section 5 were determined by pro rata allocation or any other method of allocation that does not take account of the foregoing
equitable considerations.

 

6.             Mandatory
Advancement of Expenses.

 

6.1          Advancement.
Subject to Section 9 below and except as prohibited by law, the Company shall advance all expenses incurred by the Indemnitee
in connection with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is
threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company or by reason of anything
done or not done by him in any such capacity. The Indemnitee hereby undertakes to promptly repay such amounts advanced only if,
and to the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company
under the provisions of this Agreement, the Certificate of Incorporation or Bylaws of the Company, the Law or otherwise. The advances
to be made hereunder shall be paid by the Company to the Indemnitee within 30 days following delivery of a written request therefor
by the Indemnitee to the Company.

 

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6.2          Exception.
Notwithstanding the foregoing provisions of this Section 6, the Company shall not be obligated to advance any expenses
to the Indemnitee arising from a lawsuit filed directly by the Company against the Indemnitee if an absolute majority of the members
of the Board reasonably determines in good faith, within 30 days of the Indemnitee’s request to be advanced expenses, that the
facts known to them at the time such determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad
faith. If such a determination is made, the Indemnitee may have such decision reviewed by another forum, in the manner set forth
in Sections 8.3, 8.4 and 8.5 hereof, with all references therein to “indemnification” being deemed to refer to “advancement
of expenses,” and the burden of proof shall be on the Company to demonstrate clearly and convincingly that, based on the
facts known at the time, the Indemnitee acted in bad faith. The Company may not avail itself of this Section 6.2 as to a given
lawsuit if, at any time after the occurrence of the activities or omissions that are the primary focus of the lawsuit, the Company
has undergone a change in control. For this purpose, a change in control shall mean a given person or group of affiliated persons
or groups increasing their beneficial ownership interest in the Company by at least twenty (20) percentage points without advance
Board approval.

 

7.             Notice
and Other Indemnification Procedures.

 

7.1          Promptly
after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee
shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement,
notify the Company of the commencement or threat of commencement thereof.

 

7.2          If,
at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7. 1 hereof, the Company has D&O
Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action
to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable because of such proceeding in accordance with
the terms of such D&O Insurance policies.

 

7.3          In
the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee, the Company, if appropriate,
shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee (which approval shall not
be unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such
notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable
to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same
proceeding, provided that: (a) the Indemnitee shall have the right to employ his or her own counsel in any such proceeding
at the Indemnitee’ s expense; (b) the Indemnitee shall have the right to employ his or her own counsel in connection with any
such proceeding, at the expense of the Company, if such counsel serves in a review, observer, advice and counseling capacity and
does not otherwise materially control or participate in the defense of such proceeding; and (c) if (i) the employment of counsel
by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there
may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense or (iii) the Company shall
not, in fact, have employed counsel to assume the defense of such proceeding, then the fees and expenses of the Indemnitee’ s
counsel shall be at the expense of the Company.

 

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		8.	Determination
                                         of Right to Indemnification.

 

8.1          To
the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section 4.1
or 4.2 of this Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee
against expenses actually and reasonably incurred by him or her in connection with the investigation, defense or appeal of such
proceeding, or such claim, issue or matter, as the case may be.

 

8.2          In
the event that Section 8.1 is inapplicable, or does not apply to the entire proceeding, the Company shall nonetheless indemnify
the Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in Section 8.3 below that the
Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such indemnification.

 

8.3          The
Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim under Section 8.2 hereof that the
Indemnitee is not entitled to indemnification will be heard from among the following, except that the Indemnitee can select
a forum consisting of the stockholders of the Company only with the approval of the Company:

 

(a)          A
quorum of the Board consisting of directors who are not parties to the proceeding for which indemnification is being sought;

 

(b)          The
stockholders of the Company;

 

(c)          Legal
counsel mutually agreed upon by the Indemnitee and the Board, which counsel shall make such determination in a written opinion;

 

(d)          A
panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last
of whom is selected by the first two arbitrators so selected; or

(e)          The
Court of Chancery of Nevada.

 

8.4          As
soon as practicable, and in no event later than 30 days after the forum has been selected pursuant to Section 8.3 above, the Company
shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not entitled to indemnification, and
the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.

 

8.5          If
the forum selected in accordance with Section 8.3 hereof is not a court, then after the final decision of such forum is rendered,
the Company or the Indemnitee shall have the right to apply to the State Courts of the State of Nevada, for the purpose of appealing
the decision of such forum, provided that such right is executed within 60 days after the final decision of such forum
is rendered. If the forum selected in accordance with Section 8.3 hereof is a court, then the rights of the Company or the Indemnitee
to appeal any decision of such court shall be governed by the applicable laws and rules governing appeals of the decision of such
court.

 

    5

     

    

 

8.6          Notwithstanding
any other provision in this Agreement to the contrary, the Company shall indemnify the Indemnitee against all expenses incurred
by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee and against all expenses
incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving the interpretation
or enforcement of the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of
the material claims and/or defenses of the Indemnitee in any such proceeding was frivolous or not made in good faith.

 

9.             Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement:

 

9.1          Claims
Initiated by Indemnitee.  To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated
or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings specifically authorized
by the Board or brought to establish or enforce a right to indemnification and/or advancement of expenses arising under this Agreement,
the charter documents of the Company or any subsidiary or any statute or law or otherwise, but such indemnification or advancement
of expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

9.2
         Unauthorized Settlements.  To indemnify the Indemnitee hereunder
for any amounts paid in settlement of a proceeding unless the Company consents in advance in writing to such settlement, which
consent shall not be unreasonably withheld; or

 

9.3          Securities
Law Actions. To indemnify the Indemnitee on account of any suit in which judgment is rendered against the Indemnitee for
an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions
of Section l 6(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or
local statutory law; or

 

9.4          Unlawful
Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine
that such indemnification is not lawful. In this respect, the Company and the Indemnitee have been advised that the Securities
and Exchange Commission takes the position that indemnification for liabilities arising under the federal securities laws is against
public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for
adjudication.

 

10.          Non-Exclusivity.
The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive
of any other rights which the Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws,
the vote of the Company’s stockholders or disinterested directors, other agreements or otherwise, both as to action in the Indemnitee’s
official capacity and to action in another capacity while occupying his position as an agent of the Company, and the Indemnitee’s
rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and shall inure to the benefit
of the heirs, executors and administrators of the Indemnitee.

 

11.          General
Provisions.

 

11.1         Interpretation
of Agreement.  It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to
provide indemnification and advancement of expenses to the Indemnitee to the fullest extent now or hereafter permitted by law,
except as expressly limited herein.

 

    6

     

    

 

11.2         Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
then: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable that
are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest
extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to
give effect to Section 11.1 hereof.

 

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

 

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

 

11.5         Counterparts.
This Agreement may be executed m one or more counterparts, which shall together constitute one agreement.

 

11.6         Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns of
the parties hereto.

 

11.7         Notice.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given:
(a) if delivered by hand and signed for by the party addressee; or (b) if mailed by certified or registered mail, with postage
prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature
page of this Agreement or as subsequently modified by written notice.

 

11.8         Governing
Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Nevada, without
giving effect to that body of laws pertaining to conflict of laws.

 

11.9         Consent
to Jurisdiction. The Company and the 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 that arises out of or relates to this Agreement.

 

11.10       Attorneys’
Fees. In the event Indemnitee is required to bring any action to enforce rights under this Agreement (including, without
limitation, the expenses of any Proceeding described in Section 1.3) the Indemnitee shall be entitled to all reasonable fees and
expenses in bringing and pursuing such action, unless a court of competent jurisdiction finds each of the material claims of the
Indemnitee in any such action was frivolous and not made in good faith.

 

    7

     

    

 

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

 

THE
COMPANY:

 

	BY:	 	

Name:

Title:

 

THE
INDEMNITEE:

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