Document:

AMENDMENT
      NO. 1 TO CONVERTIBLE DEBENTURES 

    

    This
      Amendment No. 1 (“Amendment”)
      is
      made as of January 17, 2007 to the Convertible Debentures (collectively, the
      “Convertible
      Debentures”)
      issued
      under the Securities Purchase Agreement dated August 28, 2006 (the “SPA”)
      by and
      between Cornell Capital Partners, LP (“Cornell
      Capital”)
      and
      Mobilepro Corp. (the “Company”)
      for
      loans totaling $7,000,000 from Cornell Capital.

     

    WHEREAS,
      the
      Company owes Cornell Capital weekly payments of $125,000 in principal payments
      plus interest on the outstanding principal balance of the Convertible Debentures
      commencing January 2, 2007 (the “Scheduled
      Payments”)
      that
      the Company has been paying to Cornell Capital;

    

    WHEREAS,
      the
      Company desires to defer the principal portion of the remaining Scheduled
      Payments for six months and to have the interest portion accrue until the
      principal owed is repaid; and

    

    WHEREAS,
      the
      parties to this Agreement desire to amend the Convertible Debentures to allow
      for the delay in Scheduled Payments as requested by the Company.

    

    NOW
      THEREFORE,
      in
      consideration of the foregoing, and for other good and valuable consideration,
      the receipt and sufficiency of which are hereby acknowledged, the parties hereto
      agree as follows:

    

    Section
      1. Amendment
      to Section 1.02 of the Convertible Debentures.
      Section
      1.02
      of the
      Convertible Debentures is hereby amended and restated in its entirety as
      follows:

    

    Section
      1.02 Payments.
      

    

    (a) The
      Company shall make weekly scheduled payments (“Scheduled
      Payments”)
      consisting of at least $125,000 of principal, commencing with the first
      Scheduled Payment which shall be due and payable on July 8, 2007. Interest
      payments on the outstanding principal balance hereof shall be due and payable
      with the principal payment installments above. The Company shall have the right
      to make each Scheduled Payment in shares of Common Stock, which shares shall
      be
      valued at the lower of the Conversion Price then in effect or a price equal
      to a
      seven percent (7%) discount to the average of the two lowest daily volume
      weighted average prices of the Common Stock as quoted by Bloomberg, LP for
      the
      five (5) trading days immediately following the Scheduled Payment date (the
      “Payment
      Conversion Price”),
      provided
      that
      such shares are either (i) freely tradeable under Rule 144 of the Securities
      and
      Exchange Commission (the “Commission”),
      (ii)
      registered for sale under the Securities Act of 1933, or (iii) freely tradeable
      without restriction in the hands of the Holder. All payments in respect of
      the
      indebtedness evidenced hereby shall be made in collected funds (unless paid
      in
      shares of Common Stock) and shall be applied to principal, accrued interest
      and
      charges and expenses owing under or in connection with this Debenture in such
      order as the Holder elects, except that payments shall be applied to accrued
      interest before principal. Notwithstanding the foregoing, this Debenture shall
      become due and immediately payable, including all accrued but unpaid interest,
      upon an Event of Default (as defined in Section
      3.01
      hereof).
      Whenever any payment or other obligation hereunder shall be due on a day other
      than a business day, such payment shall be made on the next succeeding business
      day. Time is of the essence of this Debenture. The Company shall be permitted
      to
      prepay any amounts owed under this Debenture if the price of the shares of
      the
      Company’s Common Stock is less than $0.275 per share and also may, at its
      option, increase any scheduled payment to $750,000 (payable in cash or Common
      Stock as set forth above) without incurring any penalties or fees. Nothing
      contained in this paragraph shall limit the amount that the Holder can convert
      at any time. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
      2. Effect
      of Amendment.
      Except
      as amended hereby, the Convertible Debenture and the SPA shall continue in
      full
      force and effect and are hereby incorporated herein by this
      reference. 

    

    Section
      3. Governing Law.
      This
      Amendment shall be governed by and construed under the laws of the State of
      New
      Jersey.  

    

    Section
      4. Titles and Subtitles.
      The
      titles of the sections and subsections of this Amendment are for convenience
      of
      reference only and are not to be considered in construing this
      Amendment.

    

    Section
      5. Counterparts.
      This
      Amendment may be executed in counterparts, each of which shall be deemed an
      original, and all of which shall constitute one and the same
      instrument.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed
      as
      of the date first set forth above.

     

    
      	 	 	 
	 	
              MOBILEPRO
                CORP.

            
	 
 	 
 	 
 
	 	By:  	/s/
              Jay
              O. Wright
	 	
              

              Name:
                Jay O. Wright

            
	 	
              Title:
                CEO

            
	 	 

    

    
      	 	 	 
	 	
              CORNELL
                CAPITAL PARTNERS, LP

            
	 
 	 
 	 
 
	 	By:  	Yorkville
              Advisors, LLC
	 	Its:	General
              Partner

    

    
      	 	 	 
	 
 	 
 	 
 
	 	By:  	/s/
              Troy
              J. Rillo
	 	
              
Name:
              Troy J. Rillo
	 	
              Its:
                Managing Director

            

    

     

    
      
         

      

      
        3Exhibit
      10.03

    

    

    

    AMENDMENT
      TO CONSULTING AGREEMENT

    

    

    Paragraph
      1 of the Consulting Agreement dated December 1, 2005 between the undersigned
      corporations is hereby amended to extend the term of the Consulting Agreement
      to
      February 28, 2010 and thereafter as set forth in said paragraph 1 which shall
      read as follows from and after this date:

    

    

    “1. Term.
      This
      Agreement shall commence on December 1, 2005 and continue in effect until
      February 28, 2010 and for each twelve (12) month period thereafter unless
      terminated or amended by an instrument in writing signed by both parties hereto
      on or before January 15th
      preceding the end of a respective term.”

    

    

    The
      address of Fromex Equity Corp. is changed to 320 Manville Road, Pleasantville,
      NY 10570.

    

     

     

    
      	 	 	 
	
              Signed
                by the parties hereto

              on
                January 3, 2007

            	FRMO
              CORP.
	 
 	 
 	 
 
	 	By:  	/s/ Murray
              Stahl
	 	
              
Murray
              Stahl, CEO
	 	 

      	 	 	 
	 	FROMEX
              EQUITY
              CORP.
	 
 	 
 	 
 
	 	By:  	/s/ Steven
              Bregman
	 	
              
Steven
              Bregman, PresidentINDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement ("Agreement") is made as of ________ __, 200_ by
      and
      between Wilshire Enterprises, Inc., a Delaware corporation (the "Company"),
      and
      ______________ ("Indemnitee").

     

    RECITALS

     

    WHEREAS,
      highly competent persons have become more reluctant to serve publicly-held
      corporations as directors or 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,
      the Board of Directors of the Company (the "Board") has determined that, in
      order to attract and retain qualified individuals, the Company will attempt
      to
      maintain on an ongoing basis, at its sole expense, liability insurance to
      protect persons serving the Company and its subsidiaries from certain
      liabilities. Although the furnishing of such insurance has been a customary
      and
      widespread practice among United States-based corporations and other business
      enterprises, the Company believes that, given current market conditions and
      trends, such insurance may be available to it in the future only at higher
      premiums and with more exclusions. At the same time, directors, officers, and
      other persons in service to corporations or business enterprises are being
      increasingly subjected to expensive and time-consuming litigation relating
      to,
      among other things, matters that traditionally would have been brought only
      against the Company or business enterprise itself. The Certificate of
      Incorporation of the Company requires indemnification of the officers and
      directors of the Company. Indemnitee may also be entitled to indemnification
      pursuant to the General Corporation Law of the State of Delaware (the "DGCL").
      The DGCL expressly provides 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 of directors, officers and
      other persons with respect to indemnification;

     

    WHEREAS,
      the uncertainties relating to such insurance and to indemnification have
      increased the difficulty of attracting and retaining such persons;

     

    WHEREAS,
      the Board has determined that the increased difficulty in attracting and
      retaining such persons is detrimental to the best interests of the Company's
      stockholders and that the Company should act to assure such persons that there
      will be increased certainty of such protection in the future;

     

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

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    WHEREAS,
      this Agreement is a supplement to and in furtherance of the Certificate of
      Incorporation of the Company and any resolutions adopted pursuant thereto,
      and
      shall not be deemed a substitute therefor, nor to diminish or abrogate any
      rights of Indemnitee thereunder; and

     

    WHEREAS,
      Indemnitee does not regard the protection available under the Company's
      Certificate of Incorporation and insurance as adequate in the present
      circumstances, and may not be willing to serve as an officer or director without
      adequate protection, and the Company desires Indemnitee to serve in such
      capacity. Indemnitee is willing to serve, continue to serve and to take on
      additional service for or on behalf of the Company on the condition that he
      be
      so indemnified;

     

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

     

    Section
      1. Services
      to the Company.
      Indemnitee agrees to serve as a director or officer of the Company or, at the
      request of the Company, as a director, officer, employee, agent or fiduciary
      of
      another corporation, partnership, joint venture, trust, employee benefit plan
      or
      other enterprise. Indemnitee may at any time and for any reason resign from
      such
      position (subject to any other contractual obligation or any obligation imposed
      by operation of law), in which event the Company shall have no obligation under
      this Agreement to continue Indemnitee in such position. This Agreement shall
      not
      be deemed an employment contract between the Company (or any of its subsidiaries
      or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that
      Indemnitee's employment with the Company (or any of its subsidiaries or any
      Enterprise), if any, is at will, and the Indemnitee may be discharged at any
      time for any reason, with or without cause, except as may be otherwise provided
      in any written employment contract between Indemnitee and the Company (or any
      of
      its subsidiaries or any Enterprise), other applicable formal severance policies
      duly adopted by the Board, or, with respect to service as a director or officer
      of the Company, by the Company's Certificate of Incorporation, the Company's
      By-laws, and the DGCL. The foregoing notwithstanding, this Agreement shall
      continue in force after Indemnitee has ceased to serve as an officer or director
      of the Company.

     

    Section
      2.    Definitions.
      As used
      in this Agreement:

     

    (a)    A
      "Change
      in Control" shall be deemed to occur upon the earliest to occur after the date
      of this Agreement of any of the following events:

     

    i.    Acquisition
      of Stock by Third Party.
      Any
      Person (as defined below) is or becomes the Beneficial Owner (as defined below),
      directly or indirectly, of securities of the Company representing thirty-five
      percent (35%) or more of the combined voting power of the Company's then
      outstanding securities;

     

    ii.    Change
      in Board.
      During
      any period of two (2) consecutive years (not including any period prior to
      the
      execution of this Agreement), individuals who at the beginning of such period
      constitute the Board, and any new director (other than a director designated
      by
      a person who has entered into an agreement with the Company to effect a
      transaction described in Sections 2(a)(i), 2(a)(iii) or 2(a)(iv)) whose election
      by the Board or nomination
      for election by the Company's stockholders was approved by a vote of at least
      two-thirds 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 at least a majority
      of the members of the Board;

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    iii.    Corporate
      Transactions.
      The
      effective date of a merger or consolidation of the Company with any other
      entity, other than a merger or consolidation which would result in the voting
      securities of the Company outstanding immediately prior to such merger or
      consolidation continuing to represent (either by remaining outstanding or by
      being converted into voting securities of the surviving entity) more than 51%
      of
      the combined voting power of the voting securities of the surviving entity
      outstanding immediately after such merger or consolidation and with the power
      to
      elect at least a majority of the board of directors or other governing body
      of
      such surviving entity;

     

    iv.    Liquidation.
      The
      approval by the stockholders of the Company of a complete liquidation of the
      Company or an agreement for the sale or disposition by the Company of all or
      substantially all of the Company's assets; and

     

    v.    Other
      Events.
      There
      occurs any other event of a nature that would be required to be reported in
      response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any
      similar item on any similar schedule or form) promulgated under the Exchange
      Act
      (as defined below), whether or not the Company is then subject to such reporting
      requirement.

     

    For
      purposes of this Section 2(a), the following terms shall have the following
      meanings:

     

    (A)    "Exchange
      Act" shall mean the Securities Exchange Act of 1934, as amended.

     

    (B)    "Person"
      shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange
      Act; provided, however, that Person shall exclude (i) the Company, (ii) any
      trustee or other fiduciary holding securities under an employee benefit plan
      of
      the Company, and (iii) any corporation owned, directly or indirectly, by the
      stockholders of the Company in substantially the same proportions as their
      ownership of stock of the Company. 

     

    (C)    "Beneficial
      Owner" shall have the meaning given to such term in Rule 13d-3 under the
      Exchange Act; provided, however, that Beneficial Owner shall exclude any Person
      otherwise becoming a Beneficial Owner by reason of the stockholders of the
      Company approving a merger of the Company with another entity.

     

    (b)    "Corporate
      Status" describes the status of a person who is or was a director, officer,
      employee or agent of the Company or of any other corporation, limited liability
      company, partnership or joint venture, trust, employee benefit plan or other
      enterprise which such person is or was serving at the request of the
      Company.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (c)    "Disinterested
      Director" means a director of the Company who is not and was not a party to
      the
      Proceeding in respect of which indemnification is sought by
      Indemnitee.

     

    (d)    "Enterprise"
      shall mean the Company and any other corporation, limited liability company,
      partnership, joint venture, trust, employee benefit plan or other enterprise
      of
      which Indemnitee is or was serving at the request of the Company as a director,
      officer, employee, agent or fiduciary.

     

    (e)    "Expenses"
      shall include all reasonable attorneys' fees, retainers, court costs, transcript
      costs, fees of experts, witness fees, travel expenses, duplicating costs,
      printing and binding costs, telephone charges, postage, delivery service fees,
      and all other disbursements or expenses of the types customarily incurred in
      connection with prosecuting, defending, preparing to prosecute or defend,
      investigating, being or preparing to be a witness in, or otherwise participating
      in, a Proceeding. Expenses also shall include (i) Expenses incurred in
      connection with any appeal resulting from any Proceeding, including without
      limitation the premium, security for, and other costs relating to any cost
      bond,
      supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes
      of Section 13(d) only, Expenses incurred by Indemnitee in connection with the
      interpretation, enforcement or defense of Indemnitee's rights under this
      Agreement, by litigation or otherwise. Expenses, however, shall not include
      amounts paid in settlement by Indemnitee or the amount of judgments or fines
      against Indemnitee.

     

    (f)    "Independent
      Counsel" means a law firm, or a member of a law firm, that is experienced in
      matters of corporation law and neither presently is, nor in the past five years
      has been, retained to represent: (i) the Company or Indemnitee in any matter
      material to either such party (other than with respect to matters concerning
      the
      Indemnitee under this Agreement, or of other indemnitees under similar
      indemnification agreements), or (ii) any other party to the Proceeding giving
      rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
      the term "Independent Counsel" shall not include any person who, under the
      applicable standards of professional conduct then prevailing, would have a
      conflict of interest in representing either the Company or Indemnitee in an
      action to determine Indemnitee's rights under this Agreement. The Company agrees
      to pay the reasonable fees and expenses of the Independent Counsel referred
      to
      above and to fully indemnify such counsel against any and all Expenses, claims,
      liabilities and damages arising out of or relating to this Agreement or its
      engagement pursuant hereto.

     

    (g)    The
      term
      "Proceeding" shall include any threatened, pending or completed action, suit,
      arbitration, alternate dispute resolution mechanism, investigation, inquiry,
      administrative hearing or any other actual, threatened or completed proceeding,
      whether brought in the right of the Company or otherwise and whether of a civil,
      criminal, administrative legislative, or investigative nature, including any
      appeal therefrom, in which Indemnitee was, is or will be involved as a party,
      potential party, non-party witness or otherwise by reason of the fact that
      Indemnitee is or was a director or officer of the Company, by reason of any
      action taken by him or of any action on his part while acting as director or
      officer of the Company, or by reason of the fact that he is or was serving
      at
      the request of the Company as a director, officer, employee or agent of another
      corporation, limited liability company, partnership, joint venture, trust or
      other enterprise, in each case whether or not serving in such capacity at the
      time any liability or expense is incurred for which indemnification,
      reimbursement, or advancement of expenses
      can be provided under this Agreement; except one initiated by an Indemnitee
      to
      enforce his rights under this Agreement.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    (h)    Reference
      to "other enterprise" shall include employee benefit plans; references to
      "fines" shall include any excise tax assessed with respect to any employee
      benefit plan; references to "serving at the request of the Company" shall
      include any service as a director, officer, employee or agent of the Company
      which imposes duties on, or involves services by, such director, officer,
      employee or agent with respect to an employee benefit plan, its participants
      or
      beneficiaries; and a person who acted in good faith and in a manner he
      reasonably believed to be in the best interests of the participants and
      beneficiaries of an employee benefit plan shall be deemed to have acted in
      manner "not opposed to the best interests of the Company" as referred to in
      this
      Agreement.

     

    Section
      3.    Indemnity
      in Third-Party Proceedings.
      The
      Company shall indemnify Indemnitee in accordance with the provisions of this
      Section 3 if Indemnitee is, or is threatened to be made, a party to or a
      participant in any Proceeding, other than a Proceeding by or in the right of
      the
      Company to procure a judgment in its favor. Pursuant to this Section 3,
      Indemnitee shall be indemnified to the fullest extent permitted by applicable
      law against all Expenses, judgments, fines and amounts paid in settlement
      actually and reasonably incurred by Indemnitee or on his behalf in connection
      with such Proceeding or any claim, issue or matter therein, if Indemnitee 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, in the case of a criminal proceeding
      had
      no reasonable cause to believe that his conduct was unlawful. 

     

    Section
      4.    Indemnity
      in Proceedings by or in the Right of the Company.
      The
      Company shall indemnify Indemnitee in accordance with the provisions of this
      Section 4 if Indemnitee is, or is threatened to be made, a party to or a
      participant in any Proceeding by or in the right of the Company to procure
      a
      judgment in its favor. Pursuant to this Section 4, Indemnitee shall be
      indemnified to the fullest extent permitted by applicable law against all
      Expenses actually and reasonably incurred by him or on his behalf in connection
      with such Proceeding or any claim, issue or matter therein, if Indemnitee acted
      in good faith and in a manner he reasonably believed to be in or not opposed
      to
      the best interests of the Company. No indemnification for Expenses shall be
      made
      under this Section 4 in respect of any claim, issue or matter as to which
      Indemnitee shall have been finally adjudged by a court to be liable to the
      Company, unless and only to the extent that the Delaware Court of Chancery
      or
      any court in which the Proceeding was brought shall determine upon application
      that, despite the adjudication of liability but in view of all the circumstances
      of the case, Indemnitee is fairly and reasonably entitled to
      indemnification.

     

    Section
      5.    Indemnification
      for Expenses of a Party Who is Wholly or Partly Successful.
      Notwithstanding any other provisions of this Agreement, to the fullest extent
      permitted by applicable law and to the extent that Indemnitee is a party to
      (or
      a participant in) and is successful, on the merits or otherwise, in any
      Proceeding or in defense of any claim, issue or matter therein, in whole or
      in
      part, the Company shall indemnify Indemnitee against all Expenses actually
      and
      reasonably incurred by him in connection therewith. If Indemnitee is not wholly
      successful in such Proceeding but is successful, on the merits or otherwise,
      as
      to one or more but less than all claims, issues or matters in such Proceeding,
      the Company shall indemnify Indemnitee
      against all Expenses actually and reasonably incurred by him or on his behalf
      in
      connection with each successfully resolved claim, issue or matter. If the
      Indemnitee is not wholly successful in such Proceeding, the Company also shall
      indemnify Indemnitee against all Expenses reasonably incurred in connection
      with
      a claim, issue or matter related to any claim, issue, or matter on which the
      Indemnitee was successful. For purposes of this Section and without limitation,
      the termination of any claim, issue or matter in such a Proceeding by dismissal,
      with or without prejudice, shall be deemed to be a successful result as to
      such
      claim, issue or matter.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    Section
      6.    Indemnification
      For Expenses of a Witness.
      Notwithstanding any other provision of this Agreement, to the fullest extent
      permitted by applicable law and to the extent that Indemnitee is, by reason
      of
      his Corporate Status, a witness in any Proceeding to which Indemnitee is not
      a
      party, he shall be indemnified against all Expenses actually and reasonably
      incurred by him or on his behalf in connection therewith.

     

    Section
      7.    Additional
      Indemnification.

     

    (a)    Notwithstanding
      any limitation in Sections 3, 4, or 5, the Company shall indemnify Indemnitee
      to
      the fullest extent permitted by applicable law if Indemnitee is a party to
      or
      threatened to be made a party to any Proceeding (including a Proceeding by
      or in
      the right of the Company to procure a judgment in its favor) against all
      Expenses, judgments, fines and amounts paid in settlement actually and
      reasonably incurred by Indemnitee in connection with the Proceeding.

     

    (b)    For
      purposes of Section 7(a), the meaning of the phrase "to the fullest extent
      permitted by applicable law" shall include, but not be limited to:

     

    i.    to
      the
      fullest extent permitted by the provision of the DGCL that authorizes or
      contemplates additional indemnification by agreement, or the corresponding
      provision of any amendment to or replacement of the DGCL, and

     

    ii.    to
      the
      fullest extent authorized or permitted by any amendments to or replacements
      of
      the DGCL adopted after the date of this Agreement that increase the extent
      to
      which a corporation may indemnify its officers and directors.

     

    Section
      8.    Exclusions.
      Notwithstanding any provision in this Agreement, the Company shall not be
      obligated under this Agreement to make any indemnity in connection with any
      claim made against Indemnitee:

     

    (a)    for
      which
      payment has actually been made to or on behalf of Indemnitee under any insurance
      policy or other indemnity provision, except with respect to any excess beyond
      the amount paid under any insurance policy or other indemnity provision;
      or

     

    (b)    for
      (i)
      an accounting of profits made from the purchase and sale (or sale and purchase)
      by Indemnitee of securities of the Company within the meaning of Section 16(b)
      of the Exchange Act (as defined in Section 2(a) hereof) or similar provisions
      of
      state statutory law or common law, or (ii) any reimbursement of the Company
      by
      the Indemnitee of any bonus or other incentive-based or equity-based
      compensation or of any profits realized by the 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 (the "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

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    (c)    except
      as
      provided in Section 13(d) of this Agreement, in connection with any Proceeding
      (or any part of any Proceeding) initiated by Indemnitee, including any
      Proceeding (or any part of any Proceeding) initiated by Indemnitee against
      the
      Company or its directors, officers, employees or other indemnitees, unless
      (i)
      the Board authorized the Proceeding (or any part of any Proceeding) prior to
      its
      initiation or (ii) the Company provides the indemnification, in its sole
      discretion, pursuant to the powers vested in the Company under applicable
      law.

     

    Section
      9.    Advances
      of Expenses.
      In
      accordance with the pre-existing requirement of Article ELEVENTH of the
      Certificate of Incorporation of the Company, and notwithstanding any provision
      of this Agreement to the contrary, the Company shall advance, to the extent
      not
      prohibited by law, the Expenses incurred by Indemnitee in connection with any
      Proceeding, and such advancement shall be made within thirty (30) days after
      the
      receipt by the Company of a statement or statements requesting such advances
      from time to time, whether prior to or after final disposition of any
      Proceeding. Advances shall be unsecured and interest free. Advances shall be
      made without regard to Indemnitee's ability to repay the Expenses and without
      regard to Indemnitee's ultimate entitlement to indemnification under the other
      provisions of this Agreement. Advances shall include any and all reasonable
      Expenses incurred pursuing an action to enforce this right of advancement,
      including Expenses incurred preparing and forwarding statements to the Company
      to support the advances claimed. The Indemnitee shall qualify for advances
      upon
      the execution and delivery to the Company of this Agreement, which shall
      constitute an undertaking providing that the Indemnitee undertakes to repay
      the
      advance to the extent that it is ultimately determined that Indemnitee is not
      entitled to be indemnified by the Company. This Section 9 shall not apply to
      any
      claim made by Indemnitee for which indemnity is excluded pursuant to Section
      8.

     

    Section
      10.    Procedure
      for Notification and Defense of Claim.

     

    (a)    Indemnitee
      shall notify the Company in writing of any matter with respect to which
      Indemnitee intends to seek indemnification or advancement of Expenses hereunder
      as soon as reasonably practicable following the receipt by Indemnitee of written
      notice thereof. The written notification to the Company shall include a
      description of the nature of the Proceeding and the facts underlying the
      Proceeding. To obtain indemnification under this Agreement, Indemnitee shall
      submit to the Company a written request, including therein or therewith such
      documentation and information as is reasonably available to Indemnitee and
      is
      reasonably necessary to determine whether and to what extent Indemnitee is
      entitled to indemnification following the final disposition of such action,
      suit
      or proceeding. The omission by Indemnitee to notify the Company hereunder will
      not relieve the Company from any liability which it may have to Indemnitee
      hereunder or otherwise than under this Agreement, and any delay in so notifying
      the Company shall not constitute a waiver by Indemnitee of any rights under
      this
      Agreement. The Secretary of the Company shall, promptly upon receipt of such
      a
request
      for indemnification, advise the Board in writing that Indemnitee has requested
      indemnification.

     

    
      
        
        

      

      
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    (b)    The
      Company will be entitled to participate in the Proceeding at its own
      expense.

     

    Section
      11.    Procedure
      Upon Application for Indemnification. 

     

    (a)    Upon
      written request by Indemnitee for indemnification pursuant to Section 10(a),
      a
      determination, if required by applicable law, with respect to Indemnitee's
      entitlement thereto shall be made in the specific case: (i) if a Change in
      Control shall have occurred, by Independent Counsel in a written opinion to
      the
      Board, a copy of which shall be delivered to Indemnitee; or (ii) if a Change
      in
      Control shall not have occurred, (A) by a majority vote of the Disinterested
      Directors, even though less than a quorum of the Board, (B) by a committee
      of
      Disinterested Directors designated by a majority vote of the Disinterested
      Directors, even though less than a quorum of the Board, (C) if there are no
      such
      Disinterested Directors or, if such Disinterested Directors so direct, by
      Independent Counsel in a written opinion to the Board, a copy of which shall
      be
      delivered to Indemnitee or (D) if so directed by the Board, by the stockholders
      of the Company; and, if it is so determined that Indemnitee is entitled to
      indemnification, payment to Indemnitee shall be made within ten (10) days after
      such determination. Indemnitee shall cooperate with the person, persons or
      entity making such determination with respect to Indemnitee's entitlement to
      indemnification, including providing to such person, persons or entity upon
      reasonable advance request any documentation or information which is not
      privileged or otherwise protected from disclosure and which is reasonably
      available to Indemnitee and reasonably necessary to such determination. Any
      costs or Expenses (including attorneys' fees and disbursements) incurred by
      Indemnitee in so cooperating with the person, persons or entity making such
      determination shall be borne by the Company (irrespective of the determination
      as to Indemnitee's entitlement to indemnification) and the Company hereby
      indemnifies and agrees to hold Indemnitee harmless therefrom.

     

    (b)    In
      the
      event the determination of entitlement to indemnification is to be made by
      Independent Counsel pursuant to Section 11(a) hereof, the Independent Counsel
      shall be selected as provided in this Section 11(b). If a Change in Control
      shall not have occurred, the Independent Counsel shall be selected by the Board,
      and the Company shall give written notice to Indemnitee advising him of the
      identity of the Independent Counsel so selected. If a Change in Control shall
      have occurred, the Independent Counsel shall be selected by Indemnitee (unless
      Indemnitee shall request that such selection be made by the Board, in which
      event the preceding sentence shall apply), and Indemnitee shall give written
      notice to the Company advising it of the identity of the Independent Counsel
      so
      selected. In either event, Indemnitee or the Company, as the case may be, may,
      within ten (10) days after such written notice of selection shall have been
      given, deliver to the Company or to Indemnitee, as the case may be, a written
      objection to such selection; provided,
      however,
      that
      such objection may be asserted only on the ground that the Independent Counsel
      so selected does not meet the requirements of "Independent Counsel" as defined
      in Section 2 of this Agreement, and the objection shall set forth with
      particularity the factual basis of such assertion. Absent a proper and timely
      objection, the person so selected shall act as Independent Counsel. If such
      written objection is so made and substantiated, the Independent Counsel so
      selected may not serve as Independent Counsel unless and until such objection
      is withdrawn or a court has determined that such objection is without merit.
      If,
      within twenty (20) days after the later of submission by Indemnitee of a written
      request for indemnification pursuant to Section 10(a) hereof and the final
      disposition of the Proceeding, no Independent Counsel shall have been selected
      and not objected to, either the Company or Indemnitee may petition a court
      of
      competent jurisdiction for resolution of any objection which shall have been
      made by the Company or Indemnitee to the other's selection of Independent
      Counsel and/or for the appointment as Independent Counsel of a person selected
      by the Court or by such other person as the Court shall designate, and the
      person with respect to whom all objections are so resolved or the person so
      appointed shall act as Independent Counsel under Section 11(a) hereof. Upon
      the due commencement of any judicial proceeding or arbitration pursuant to
      Section 13(a) of this Agreement, Independent Counsel shall be discharged and
      relieved of any further responsibility in such capacity (subject to the
      applicable standards of professional conduct then prevailing).

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    Section
      12.    Presumptions
      and Effect of Certain Proceedings.

     

    (a)    In
      making
      a determination with respect to entitlement to indemnification hereunder, the
      person or persons or entity making such determination shall, to the fullest
      extent not prohibited by law, presume that Indemnitee is entitled to
      indemnification under this Agreement if Indemnitee has submitted a request
      for
      indemnification in accordance with Section 10(a) of this Agreement, and the
      Company shall, to the fullest extent not prohibited by law, have the burden
      of
      proof to overcome that presumption in connection with the making by any person,
      persons or entity of any determination contrary to that presumption. Neither
      the
      failure of the Company (including by its directors or independent legal counsel)
      to have made a determination prior to the commencement of any action pursuant
      to
      this Agreement that indemnification is proper in the circumstances because
      Indemnitee has met the applicable standard of conduct, nor an actual
      determination by the Company (including by its directors or independent legal
      counsel) that Indemnitee has not met such applicable standard of conduct, shall
      be a defense to the action or create a presumption that Indemnitee has not
      met
      the applicable standard of conduct.

     

    (b)    Subject
      to Section 13(e), if the person, persons or entity empowered or selected under
      Section 11 of this Agreement to determine whether Indemnitee is entitled to
      indemnification shall not have made a determination within sixty (60) days
      after
      receipt by the Company of the request therefor, the requisite determination
      of
      entitlement to indemnification shall, to the fullest extent not prohibited
      by
      law, be deemed to have been made and Indemnitee shall be entitled to such
      indemnification, absent (i) a misstatement by Indemnitee of a material fact,
      or
      an omission of a material fact necessary to make Indemnitee's statement not
      materially misleading, in connection with the request for indemnification,
      or
      (ii) a prohibition of such indemnification under applicable law; provided,
      however, that such 60-day period may be extended for a reasonable time, not
      to
      exceed an additional thirty (30) days, if the person, persons or entity making
      the determination with respect to entitlement to indemnification in good faith
      requires such additional time for the obtaining or evaluating of documentation
      and/or information relating thereto; and provided, further, that the foregoing
      provisions of this Section 12(b) shall not apply (i) if the determination of
      entitlement to indemnification is to be made by the stockholders pursuant to
      Section 11(a) of this Agreement and if (A) within fifteen (15) days after
      receipt by the Company of the request for such determination the Board has
      resolved to submit such determination to the stockholders for their
      consideration at an annual meeting thereof
      to be held within seventy-five (75) days after such receipt and such
      determination is made thereat, or (B) a special meeting of stockholders is
      called within fifteen (15) days after such receipt for the purpose of making
      such determination, such meeting is held for such purpose within sixty (60)
      days
      after having been so called and such determination is made thereat, or (ii)
      if
      the determination of entitlement to indemnification is to be made by Independent
      Counsel pursuant to Section 11(a) of this Agreement.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    (c)    The
      termination of any Proceeding or of any claim, issue or matter therein, by
      judgment, order, settlement or conviction, or upon a plea of nolo contendere
      or its
      equivalent, shall not (except as otherwise expressly provided in this Agreement)
      of itself adversely affect the right of Indemnitee to indemnification or create
      a presumption that Indemnitee did not act in good faith and in a manner which
      he
      reasonably believed to be in or not opposed to the best interests of the Company
      or, with respect to any criminal Proceeding, that Indemnitee had reasonable
      cause to believe that his conduct was unlawful.

     

    (d)    Reliance
      as Safe Harbor.
      For
      purposes of any determination of good faith, Indemnitee shall be deemed to
      have
      acted in good faith if Indemnitee's action is based on the records or books
      of
      account of the Enterprise, including financial statements, or on information
      supplied to Indemnitee by the officers of the Enterprise in the course of their
      duties, or on the advice of legal counsel for the Enterprise or on information
      or records given or reports made to the Enterprise by an independent certified
      public accountant or by an appraiser or other expert selected with the
      reasonable care by the Enterprise. The provisions of this Section 12(d) shall
      not be deemed to be exclusive or to limit in any way the other circumstances
      in
      which the Indemnitee may be deemed to have met the applicable standard of
      conduct set forth in this Agreement.

     

    (e)    Actions
      of Others.
      The
      knowledge and/or actions, or failure to act, of any director, officer, agent
      or
      employee of the Enterprise shall not be imputed to Indemnitee for purposes
      of
      determining the right to indemnification under this Agreement.

     

    Section
      13.    Remedies
      of Indemnitee. 

     

    (a)    Subject
      to Section 13(e), in the event that (i) a determination is made pursuant to
      Section 11 of this Agreement that Indemnitee is not entitled to indemnification
      under this Agreement, (ii) advancement of Expenses is not timely made pursuant
      to Section 9 of this Agreement, (iii) no determination of entitlement to
      indemnification shall have been made pursuant to Section 11(a) of this Agreement
      within ninety (90) days after receipt by the Company of the request for
      indemnification, (iv) payment of indemnification is not made pursuant to
      Section 5 or 6 or the last sentence of Section 11(a) of this Agreement
      within ten (10) days after receipt by the Company of a written request therefor,
      (v) payment of indemnification pursuant to Section 3, 4 or 7 of this Agreement
      is not made within ten (10) days after a determination has been made that
      Indemnitee is entitled to indemnification, or (vi) in the event that the Company
      or any other person takes or threatens to take any action to declare this
      Agreement void or unenforceable, or institutes any litigation or other action
      or
      Proceeding designed to deny, or to recover from, the Indemnitee the benefits
      provided or intended to be provided to the Indemnitee hereunder, Indemnitee
      shall be entitled to an adjudication by a court of his entitlement to such
      indemnification or advancement of Expenses. Alternatively, Indemnitee,
      at his option, may seek an award in arbitration to be conducted by a single
      arbitrator pursuant to the Commercial Arbitration Rules of the American
      Arbitration Association. Indemnitee shall commence such proceeding seeking
      an
      adjudication or an award in arbitration within 180 days following the date
      on
      which Indemnitee first has the right to commence such proceeding pursuant to
      this Section 13(a); provided,
      however,
      that
      the foregoing clause shall not apply in respect of a proceeding brought by
      Indemnitee to enforce his rights under Section 5 of this Agreement. The
      Company shall not oppose Indemnitee's right to seek any such adjudication or
      award in arbitration.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    (b)    In
      the
      event that a determination shall have been made pursuant to Section 11(a) of
      this Agreement that Indemnitee is not entitled to indemnification, any judicial
      proceeding or arbitration commenced pursuant to this Section 13 shall be
      conducted in all respects as a de novo
      trial,
      or arbitration, on the merits and Indemnitee shall not be prejudiced by reason
      of that adverse determination. In any judicial proceeding or arbitration
      commenced pursuant to this Section 13 the Company shall have the burden of
      proving Indemnitee is not entitled to indemnification or advancement of
      Expenses, as the case may be.

     

    (c)    If
      a
      determination shall have been made pursuant to Section 11(a) of this
      Agreement that Indemnitee is entitled to indemnification, the Company shall
      be
      bound by such determination in any judicial proceeding or arbitration commenced
      pursuant to this Section 13, absent (i) a misstatement by Indemnitee of a
      material fact, or an omission of a material fact necessary to make Indemnitee's
      statement not materially misleading, in connection with the request for
      indemnification, or (ii) a prohibition of such indemnification under applicable
      law.

     

    (d)    The
      Company shall, to the fullest extent not prohibited by law, be precluded from
      asserting in any judicial proceeding or arbitration commenced pursuant to this
      Section 13 that the procedures and presumptions of this Agreement are not valid,
      binding and enforceable and shall stipulate in any such court or before any
      such
      arbitrator that the Company is bound by all the provisions of this Agreement.
      It
      is the intent of the Company that the Indemnitee not be required to incur legal
      fees or other Expenses associated with the interpretation, enforcement or
      defense of Indemnitee's rights under this Agreement by litigation or otherwise
      because the cost and expense thereof would substantially detract from the
      benefits intended to be extended to the Indemnitee hereunder. The Company shall
      indemnify Indemnitee against any and all Expenses and, if requested by
      Indemnitee, shall (within ten (10) days after receipt by the Company of a
      written request therefor) advance, to the extent not prohibited by law, such
      Expenses to Indemnitee, which are incurred by Indemnitee in connection with
      any
      action brought by Indemnitee for indemnification or advance of Expenses from
      the
      Company under this Agreement or under any directors' and officers' liability
      insurance policies maintained by the Company, regardless of whether Indemnitee
      ultimately is determined to be entitled to such indemnification, advancement
      of
      Expenses or insurance recovery, as the case may be.

     

    (e)    Notwithstanding
      anything in this Agreement to the contrary, no determination as to entitlement
      to indemnification under this Agreement shall be required to be made prior
      to
      the final disposition of the Proceeding.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

                   
      Section 14.    Non-exclusivity;
      Survival of Rights; Insurance; Subrogation.

     

    (a)    The
      rights of indemnification and to receive advancement of Expenses as provided
      by
      this Agreement shall not be deemed exclusive of any other rights to which
      Indemnitee may at any time be entitled under applicable law, the Company's
      Certificate of Incorporation, the Company's By-laws, any agreement, a vote
      of
      stockholders or a resolution of directors, or otherwise. No amendment,
      alteration or repeal of this Agreement or of any provision hereof shall limit
      or
      restrict any right of Indemnitee under this Agreement in respect of any action
      taken or omitted by such Indemnitee in his Corporate Status prior to such
      amendment, alteration or repeal. To the extent that a change in Delaware law,
      whether by statute or judicial decision, permits greater indemnification or
      advancement of Expenses than would be afforded currently under the Company's
      Certificate of Incorporation 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. No right or remedy herein conferred is intended to
      be
      exclusive of any other right or remedy, and every other right and remedy shall
      be cumulative and in addition to every other right and remedy given hereunder
      or
      now or hereafter existing at law or in equity or otherwise. The assertion or
      employment of any right or remedy hereunder, or otherwise, shall not prevent
      the
      concurrent assertion or employment of any other right or remedy.

     

    (b)    To
      the
      extent that the Company maintains an insurance policy or policies providing
      liability insurance for directors, officers, employees, or agents of the Company
      or of any other corporation, partnership, joint venture, trust, employee benefit
      plan or other enterprise which such person serves at the request of the Company,
      Indemnitee shall be covered by such policy or policies in accordance with its
      or
      their terms to the maximum extent of the coverage available for any such
      director, officer, employee or agent under such policy or policies. If, at
      the
      time of the receipt of a notice of a claim pursuant to the terms hereof, the
      Company has director and officer liability 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 as a result
      of
      such proceeding in accordance with the terms of such policies.

     

    (c)    In
      the
      event of any 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 papers required and take all action necessary to secure such
      rights, including execution of such documents as are necessary to enable the
      Company to bring suit to enforce such rights.

     

    (d)    The
      Company shall not be liable under this Agreement to make any payment of amounts
      otherwise indemnifiable (or for which advancement is provided hereunder)
      hereunder if and to the extent that Indemnitee has otherwise actually received
      such payment under any insurance policy, contract, agreement or
      otherwise. 

     

    (e)    The
      Company's obligation to indemnify or advance Expenses hereunder to Indemnitee
      who is or was serving at the request of the Company as a director, officer,
      employee or agent of any other corporation, limited liability company,
      partnership, joint venture, trust, employee benefit plan or other enterprise
      shall be reduced by any amount Indemnitee has actually
      received as indemnification or advancement of Expenses from such other
      corporation, limited liability company, partnership, joint venture, trust,
      employee benefit plan or other enterprise.

     

    
      
        
        

      

      
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    Section
      15.    Duration
      of Agreement.
      This
      Agreement shall continue until and terminate upon the later of: (a) ten (10)
      years after the date that Indemnitee shall have ceased to serve as a director
      or
      officer of the Company or, at the request of the Company, as a director,
      officer, employee, agent or fiduciary of another corporation, partnership,
      joint
      venture, trust, employee benefit plan or other enterprise or (b) one (1) year
      after the final termination of any Proceeding then pending in respect of which
      Indemnitee is granted rights of indemnification or advancement of Expenses
      hereunder and of any proceeding commenced by Indemnitee pursuant to
      Section 13 of this Agreement relating thereto. This Agreement shall be
      binding upon the Company and its successors and assigns and shall inure to
      the
      benefit of Indemnitee and his heirs, executors and administrators.

     

    Section
      16.    Severability.
      If any
      provision or provisions of this Agreement shall be held to be invalid, illegal
      or unenforceable for any reason whatsoever: (a) the validity, legality and
      enforceability of the remaining provisions of this Agreement (including without
      limitation, each portion of any Section of this Agreement containing any such
      provision held to be invalid, illegal or unenforceable, that is not itself
      invalid, illegal or unenforceable) shall not in any way be affected or impaired
      thereby and shall remain enforceable to the fullest extent permitted by law;
      (b)
      such provision or provisions shall be deemed reformed to the extent necessary
      to
      conform to applicable law and to give the maximum effect to the intent of the
      parties hereto; and (c) to the fullest extent possible, the provisions of this
      Agreement (including, without limitation, each portion of any Section of this
      Agreement containing any such provision held to be invalid, illegal or
      unenforceable, that is not itself invalid, illegal or unenforceable) shall
      be
      construed so as to give effect to the intent manifested thereby.

     

    Section
      17.    Enforcement.

     

    (a)    The
      Company expressly confirms and agrees that it has entered into this Agreement
      and assumed the obligations imposed on it hereby in order to induce Indemnitee
      to serve as a director or officer of the Company, and the Company acknowledges
      that Indemnitee is relying upon this Agreement in serving as a director or
      officer of the Company.

     

    (b)    This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the subject matter hereof and supersedes all prior agreements and
      understandings, oral, written and implied, between the parties hereto with
      respect to the subject matter hereof; provided, however, that this Agreement
      is
      a supplement to and in furtherance of the Certificate of Incorporation of the
      Company and applicable law, and shall not be deemed a substitute therefor,
      nor
      to diminish or abrogate any rights of Indemnitee thereunder.

     

    Section
      18.    Modification
      and Waiver.
      No
      supplement, modification or amendment of this Agreement shall be binding unless
      executed in writing by the parties thereto. No waiver of any of the provisions
      of this Agreement shall be deemed or shall constitute a waiver of any other
      provisions of this Agreement nor shall any waiver constitute a continuing
      waiver.

     

    
      
        
        

      

      
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    Section
      19.    Notice
      by Indemnitee.
      Indemnitee agrees promptly to notify the Company in writing upon being served
      with any summons, citation, subpoena, complaint, indictment, information or
      other document relating to any Proceeding or matter which may be subject to
      indemnification or advancement of Expenses covered hereunder. The failure of
      Indemnitee to so notify the Company shall not relieve the Company of any
      obligation which it may have to the Indemnitee under this Agreement or
      otherwise. 

     

    Section
      20.    Notices. All
      notices, requests, demands and other communications under this Agreement shall
      be in writing and shall be deemed to have been duly given if (a) delivered
      by
      hand and receipted for by the party to whom said notice or other communication
      shall have been directed, (b) mailed by certified or registered mail with
      postage prepaid, on the third business day after the date on which it is so
      mailed, (c) mailed by reputable overnight courier and receipted for by the
      party
      to whom said notice or other communication shall have been directed or (d)
      sent
      by facsimile transmission, with receipt of oral confirmation that such
      transmission has been received:

     

    (a)    If
      to
      Indemnitee, at the address indicated on the signature page of this Agreement,
      or
      such other address as Indemnitee shall provide to the Company.

     

    (b)    If
      to the
      Company to

     

    Wilshire
      Enterprises, Inc.

    1
      Gateway
      Center

    Newark,
      NJ 07102

    Attention:
      Chairman of the Board

    

    or
      to any
      other address as may have been furnished to Indemnitee by the
      Company.

     

    Section
      21.    Contribution.
      To the
      fullest extent permissible under applicable law, if the indemnification provided
      for in this Agreement is unavailable to Indemnitee for any reason whatsoever,
      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, 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, officers, employees and agents) and Indemnitee in connection with
      such event(s) and/or transaction(s).

     

    Section
      22.    Applicable
      Law and Consent to Jurisdiction.
      This
      Agreement and the legal relations among the parties shall be governed by, and
      construed and enforced in accordance with, the laws of the State of Delaware,
      without regard to its conflict of laws rules. Except with respect to any
      arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement,
      the Company and Indemnitee hereby irrevocably and unconditionally (i) agree
      that
      any action or proceeding arising out of or in connection with this Agreement
      shall be brought only in the Chancery Court of the State of Delaware (the
      "Delaware Court"), and not in any other state or federal court in the United
      States of America or any court in any other country, (ii) consent
      to submit to the exclusive jurisdiction of the Delaware Court for purposes
      of
      any action or proceeding arising out of or in connection with this Agreement,
      (iii) appoint, to the extent such party is not otherwise subject to service
      of
      process in the
      State
      of Delaware, irrevocably RL&F Service Corp., One Rodney Square, 10th Floor,
      10th and King Streets, Wilmington, Delaware 19801 as its agent in the State
      of
      Delaware as such party's agent for acceptance of legal process in connection
      with any such action or proceeding against such party with the same legal force
      and validity as if served upon such party personally within the State of
      Delaware, (iv) waive any objection to the laying of venue of any such action
      or
      proceeding in the Delaware Court, and (v) waive, and agree not to plead or
      to
      make, any claim that any such action or proceeding brought in the Delaware
      Court
      has been brought in an improper or inconvenient forum.

     

    
      
        
        

      

      
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    Section
      23.    Identical
      Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      for
      all purposes be deemed to be an original but all of which together shall
      constitute one and the same Agreement. Only one such counterpart signed by
      the
      party against whom enforceability is sought needs to be produced to evidence
      the
      existence of this Agreement.

     

    Section
      24.    Miscellaneous.
      Use of
      the masculine pronoun shall be deemed to include usage of the feminine pronoun
      where appropriate. The headings of the paragraphs of this Agreement are inserted
      for convenience only and shall not be deemed to constitute part of this
      Agreement or to affect the construction thereof.

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be signed as of
      the
      day and year first above written.

     

     

    
      	WILSHIRE ENTERPRISES, INC.	 	INDEMNITEE	 	 
	 	 	 	 	 
	 	 	
            	 	 
	
              By: 
                

              

              Name:

            	
            	
               

               

              
                

              

              
                Name:

              

            	 	 
	Office:	 	
              Address: 
                

              

              
                

              

              
                

              

            	 	 

    

     

    
      
        
        

      

      -15-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]