Document:

NEURO-HITECH,
      INC.

    

    DIRECTOR
      AND OFFICER INDEMNIFICATION AGREEMENT

    

    This
      Director and Officer Indemnification Agreement, dated as of August 22, 2007
      (this “AGREEMENT”), is made by and between Neuro-Hitech, Inc., a Delaware
      corporation (the “COMPANY”), and Gary Shearman (the “INDEMNITEE”). 

    

    RECITALS:

    

    A. Section
      141 of the Delaware General Corporation Law provides that the business and
      affairs of a corporation shall be managed by or under the direction of its
      board
      of directors. 

    

    B. By
      virtue
      of the managerial prerogatives vested in the directors and officers of a
      Delaware corporation, directors and officers act as fiduciaries of the
      corporation and its stockholders. 

    

    C. Thus,
      it
      is critically important to the Company and its stockholders that the Company
      be
      able to attract and retain the most capable persons reasonably available to
      serve as directors and officers of the Company. 

    

    D. In
      recognition of the need for corporations to be able to induce capable and
      responsible persons to accept positions in corporate management, Delaware law
      authorizes (and in some instances requires) corporations to indemnify their
      directors and officers, and further authorizes corporations to purchase and
      maintain insurance for the benefit of their directors and officers.

    

    E. The
      Delaware courts have recognized that indemnification by a corporation serves
      the
      dual policies of (1) allowing corporate officials to resist unjustified
      lawsuits, secure in the knowledge that, if vindicated, the corporation will
      bear
      the expense of litigation, and (2) encouraging capable women and men to
      serve as corporate directors and officers, secure in the knowledge that the
      corporation will absorb the costs of defending their honesty and integrity.
      

    

    F. The
      number of lawsuits challenging the judgment and actions of directors and
      officers of Delaware corporations, the costs of defending those lawsuits and
      the
      threat to personal assets have all materially increased over the past several
      years, chilling the willingness of capable women and men to undertake the
      responsibilities imposed on corporate directors and officers. 

    

    G. Recent
      federal legislation and rules adopted by the Securities and Exchange Commission
      and the national securities exchanges have exposed such directors and officers
      to new and substantially broadened civil liabilities. 

    

    H. Under
      Delaware law, a director’s or officer’s right to be reimbursed for the costs of
      defense of criminal actions, whether such claims are asserted under state or
      federal law, does not depend upon the merits of the claims asserted against
      the
      director or officer and is separate and distinct from any right to
      indemnification the director may be able to establish. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    I. Indemnitee
      is, or will be, a director and/or officer of the Company and his or her
      willingness to serve in such capacity is predicated, in substantial part, upon
      the Company’s willingness to indemnify him or her in accordance with the
      principles reflected above, to the fullest extent permitted by the laws of
      the
      State of Delaware, and upon the other undertakings set forth in this Agreement.
      

    

    J. Therefore,
      in recognition of the need to provide Indemnitee with substantial protection
      against personal liability, in order to procure Indemnitee’s continued service
      as a director and/or officer of the Company and to enhance Indemnitee’s ability
      to serve the Company in an effective manner, and in order to provide such
      protection pursuant to express contract rights (intended to be enforceable
      irrespective of, among other things, any amendment to the Company’s certificate
      of incorporation or bylaws (collectively, the “CONSTITUENT DOCUMENTS”), any
      change in the composition of the Company’s Board of Directors (the “BOARD”) or
      any change−in−control or business combination transaction relating to the
      Company), the Company wishes to provide in this Agreement for the
      indemnification and advancement of Expenses to Indemnitee on the terms, and
      subject to the conditions, set forth in this Agreement. 

    

    K. In
      light
      of the considerations referred to in the preceding recitals, it is the Company’s
      intention and desire that the provisions of this Agreement be construed
      liberally, subject to their express terms, to maximize the protections to be
      provided to Indemnitee hereunder. 

    

    AGREEMENT:

    

    NOW,
      THEREFORE, the parties hereby agree as follows: 

    

    1. CERTAIN
      DEFINITIONS. In addition to terms defined elsewhere herein, the following terms
      have the following meanings when used in this Agreement with initial capital
      letters: 

    

    (a) “CHANGE
      IN CONTROL” shall have occurred at such time, if any, as Incumbent Directors
      cease for any reason to constitute a majority of Directors. For purposes of
      this
      Section 1(a), “INCUMBENT DIRECTORS” means the individuals who, as of the date
      hereof, are Directors of the Company and any individual becoming a Director
      subsequent to the date hereof whose election, nomination for election by the
      Company’s stockholders, or appointment, was approved by a vote of at least a
      majority of the then Incumbent Directors (either by a specific vote or by
      approval of the proxy statement of the Company in which such person is named
      as
      a nominee for director, without objection to such nomination); PROVIDED,
      HOWEVER, that an individual shall not be an Incumbent Director if such
      individual’s election or appointment to the Board occurs as a result of an
      actual or threatened election contest (as described in Rule 14a−12(c) of the
      Securities Exchange Act of 1934, as amended) with respect to the election or
      removal of directors or other actual or threatened solicitation of proxies
      or
      consents by or on behalf of a Person other than the Board. 

    

    
      
         

      

      
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    (b) “CLAIM”
      means (i) any threatened, asserted, pending or completed claim, demand, action,
      suit or proceeding, whether civil, criminal, administrative, arbitrative,
      investigative or other, and whether made pursuant to federal, state or other
      law; and (ii) any inquiry or investigation, whether made, instituted or
      conducted by the Company or any other Person, including, without limitation,
      any
      federal, state or other governmental entity, that Indemnitee reasonably
      determines might lead to the institution of any such claim, demand, action,
      suit
      or proceeding. For the avoidance of doubt, the Company intends indemnity to
      be
      provided hereunder in respect of acts or failure to act prior to, on or after
      the date hereof. 

    

    (c) “CONTROLLED
      AFFILIATE” means any corporation, limited liability company, partnership, joint
      venture, trust or other entity or enterprise, whether or not for profit, that
      is
      directly or indirectly controlled by the Company. For purposes of this
      definition, “CONTROL” means the possession, directly or indirectly, of the power
      to direct or cause the direction of the management or policies of an entity
      or
      enterprise, whether through the ownership of voting securities, through other
      voting rights, by contract or otherwise; PROVIDED that direct or indirect
      beneficial ownership of capital stock or other interests in an entity or
      enterprise entitling the holder to cast 15% or more of the total number of
      votes
      generally entitled to be cast in the election of directors (or persons
      performing comparable functions) of such entity or enterprise shall be deemed
      to
      constitute control for purposes of this definition. 

    

    (d) “DISINTERESTED
      DIRECTOR” means a director of the Company who is not and was not a party to the
      Claim in respect of which indemnification is sought by Indemnitee. 

    

    (e) “EXPENSES”
      means attorneys’ and experts’ fees and expenses and all other costs and expenses
      paid or payable in connection with investigating, defending, being a witness
      in
      or participating in (including on appeal), or preparing to investigate, defend,
      be a witness in or participate in (including on appeal), any Claim.

    

    (f) “INDEMNIFIABLE
      CLAIM” means any Claim based upon, arising out of or resulting from (i) any
      actual, alleged or suspected act or failure to act by Indemnitee in his or
      her
      capacity as a director, officer, employee or agent of the Company or as a
      director, officer, employee, member, manager, trustee or agent of any other
      corporation, limited liability company, partnership, joint venture, trust or
      other entity or enterprise, whether or not for profit, as to which Indemnitee
      is
      or was serving at the request of the Company, (ii) any actual, alleged or
      suspected act or failure to act by Indemnitee in respect of any business,
      transaction, communication, filing, disclosure or other activity of the Company
      or any other entity or enterprise referred to in clause (i) of this sentence,
      or
      (iii) Indemnitee’s status as a current or former director, officer, employee or
      agent of the Company or as a current or former director, officer, employee,
      member, manager, trustee or agent of the Company or any other entity or
      enterprise referred to in clause (i) of this sentence or any actual, alleged
      or
      suspected act or failure to act by Indemnitee in connection with any obligation
      or restriction imposed upon Indemnitee by reason of such status. In addition
      to
      any service at the actual request of the Company, for purposes of this
      Agreement, Indemnitee shall be deemed to be serving or to have served at the
      request of the Company as a director, officer, employee, member, manager,
      trustee or agent of another entity or enterprise if Indemnitee is or was serving
      as a director, officer, employee, member, manager, agent, trustee or other
      fiduciary of such entity or enterprise and (i) such entity or enterprise is
      or
      at the time of such service was a Controlled Affiliate, (ii) such entity or
      enterprise is or at the time of such service was an employee benefit plan (or
      related trust) sponsored or maintained by the Company or a Controlled Affiliate,
      or (iii) the Company or a Controlled Affiliate (by action of the Board, any
      committee thereof or the Company’s Chief Executive Officer (“CEO”) (other than
      as the CEO him or herself)) caused or authorized Indemnitee to be nominated,
      elected, appointed, designated, employed, engaged or selected to serve in such
      capacity. 

    

    
      
         

      

      
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    (g) “INDEMNIFIABLE
      LOSSES” means any and all Losses relating to, arising out of or resulting from
      any Indemnifiable Claim; PROVIDED, HOWEVER, that Indemnifiable Losses shall
      not
      include Losses incurred by Indemnitee in respect of any Indemnifiable Claim
      (or
      any matter or issue therein) as to which Indemnitee shall have been adjudged
      liable to the Company, unless and only to the extent that the Delaware Court
      of
      Chancery or the court in which such Indemnifiable Claim was brought shall have
      determined 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 for such Expenses as the court shall deem proper.
      

    

    (h) “INDEPENDENT
      COUNSEL” means a nationally recognized law firm, or a member of a nationally
      recognized law firm, that is experienced in matters of Delaware corporate law
      and neither presently is, nor in the past five years has been, retained to
      represent: (i) the Company (or any subsidiary) 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 named (or, as to a threatened
      matter, reasonably likely to be named) party to the Indemnifiable Claim 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. 

    

    (i) “LOSSES”
      means any and all Expenses, damages, losses, liabilities, judgments, fines,
      penalties (whether civil, criminal or other) and amounts paid or payable in
      settlement, including, without limitation, all interest, assessments and other
      charges paid or payable in connection with or in respect of any of the
      foregoing. 

    

    (j) “PERSON”
      means any individual, entity or group, within the meaning of Section 13(d)(3)
      or
      14(d)(2) of the Securities Exchange Act of 1934, as amended. 

    

    (k) “STANDARD
      OF CONDUCT” means the standard for conduct by Indemnitee that is a condition
      precedent to indemnification of Indemnitee hereunder against Indemnifiable
      Losses relating to, arising out of or resulting from an Indemnifiable Claim.
      The
      Standard of Conduct is (i) good faith and reasonable belief by Indemnitee that
      his action was in or not opposed to the best interests of the Company and,
      with
      respect to any criminal action or proceeding, that Indemnitee had no reasonable
      cause to believe that his conduct was unlawful, or (ii) any other applicable
      standard of conduct that may hereafter be substituted under Section 145(a)
      or
      (b) of the Delaware General Corporation Law or any successor to such
      provision(s). 

    

    
      
         

      

      
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    2. INDEMNIFICATION
      OBLIGATION. Subject only to Section 7 and to the proviso in this Section, the
      Company shall indemnify, defend and hold harmless Indemnitee, to the fullest
      extent permitted or required by the laws of the State of Delaware in effect
      on
      the date hereof or as such laws may from time to time hereafter be amended
      to
      increase the scope of such permitted indemnification, against any and all
      Indemnifiable Claims and Indemnifiable Losses; PROVIDED, HOWEVER, that, except
      as provided in Section 5, Indemnitee shall not be entitled to indemnification
      pursuant to this Agreement in connection with (i) any Claim initiated by
      Indemnitee against the Company or any director or officer of the Company unless
      the Company has joined in or consented to the initiation of such Claim, or
      (ii)
      the purchase and sale by Indemnitee of securities in violation of Section 16(b)
      of the Securities Exchange Act of 1934, as amended. The Company acknowledges
      that the foregoing obligation may be broader than that now provided by
      applicable law and the Company’s Constituent Documents and intends that it be
      interpreted consistently with this Section and the recitals to this Agreement.
      

    

    3. ADVANCEMENT
      OF EXPENSES. Indemnitee shall have the right to advancement by the Company
      prior
      to the final disposition of any Indemnifiable Claim of any and all actual and
      reasonable Expenses relating to, arising out of or resulting from any
      Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the
      generality or effect of any other provision hereof, Indemnitee’s right to such
      advancement is not subject to the satisfaction of any Standard of Conduct.
      Without limiting the generality or effect of the foregoing, within five business
      days after any request by Indemnitee that is accompanied by supporting
      documentation for specific reasonable Expenses to be reimbursed or advanced,
      the
      Company shall, in accordance with such request (but without duplication), (a)
      pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds
      in an
      amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such
      Expenses; PROVIDED that Indemnitee shall repay, without interest, any amounts
      actually advanced to Indemnitee that, at the final disposition of the
      Indemnifiable Claim to which the advance related, were in excess of amounts
      paid
      or payable by Indemnitee in respect of Expenses relating to, arising out of
      or
      resulting from such Indemnifiable Claim. In connection with any such payment,
      advancement or reimbursement, at the request of the Company, Indemnitee shall
      execute and deliver to the Company an undertaking, which need not be secured
      and
      shall be accepted without reference to Indemnitee’s ability to repay the
      Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced
      or reimbursed by the Company in respect of Expenses relating to, arising out
      of
      or resulting from any Indemnifiable Claim in respect of which it shall have
      been
      determined, following the final disposition of such Indemnifiable Claim and
      in
      accordance with Section 7, that Indemnitee is not entitled to indemnification
      hereunder. 

    

    4. INDEMNIFICATION
      FOR ADDITIONAL EXPENSES. Without limiting the generality or effect of the
      foregoing, the Company shall indemnify and hold harmless Indemnitee against
      and,
      if requested by Indemnitee, shall reimburse Indemnitee for, or advance to
      Indemnitee, within five business days of such request accompanied by supporting
      documentation for specific Expenses to be reimbursed or advanced, any and all
      actual and reasonable Expenses paid or incurred by Indemnitee in connection
      with
      any Claim made, instituted or conducted by Indemnitee for (a) indemnification
      or
      reimbursement or advance payment of Expenses by the Company under any provision
      of this Agreement, or under any other agreement or provision of the Constituent
      Documents now or hereafter in effect relating to Indemnifiable Claims, and/or
      (b) recovery under any directors’ and officers’ liability insurance policies
      maintained by the Company; PROVIDED, HOWEVER, if it is ultimately determined
      that the Indemnitee is not entitled to such indemnification, reimbursement,
      advance or insurance recovery, as the case may be, then the Indemnitee shall
      be
      obligated to repay any such Expenses to the Company; PROVIDED FURTHER, that,
      regardless in each case of whether Indemnitee ultimately is determined to be
      entitled to such indemnification, reimbursement, advance or insurance recovery,
      as the case may be, Indemnitee shall return, without interest, any such advance
      of Expenses (or portion thereof) which remains unspent at the final disposition
      of the Claim to which the advance related. 

    

    
      
         

      

      
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    5. PARTIAL
      INDEMNITY. If Indemnitee is entitled under any provision of this Agreement
      to
      indemnification by the Company for some or a portion of any Indemnifiable Loss
      but not for all of the total amount thereof, the Company shall nevertheless
      indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.
      

    

    6. PROCEDURE
      FOR NOTIFICATION. To obtain indemnification under this Agreement in respect
      of
      an Indemnifiable Claim or Indemnifiable Loss, Indemnitee shall submit to the
      Company a written request therefore, including a brief description (based upon
      information then available to Indemnitee) of such Indemnifiable Claim or
      Indemnifiable Loss. If, at the time of the receipt of such request, the Company
      has directors’ and officers’ liability insurance in effect under which coverage
      for such Indemnifiable Claim or Indemnifiable Loss is potentially available,
      the
      Company shall give prompt written notice of such Indemnifiable Claim or
      Indemnifiable Loss to the applicable insurers in accordance with the procedures
      set forth in the applicable policies. The Company shall thereafter take all
      necessary or desirable action to cause such insurers to pay, on behalf of the
      Indemnitee, all Indemnifiable Claims and Indemnifiable Losses in accordance
      with
      the terms of such policies. The Company shall provide to Indemnitee a copy
      of
      such notice delivered to the applicable insurers, substantially concurrently
      with the delivery thereof by the Company. The failure by Indemnitee to timely
      notify the Company of any Indemnifiable Claim or Indemnifiable Loss shall not
      relieve the Company from any liability hereunder unless, and only to the extent
      that, the Company did not otherwise learn of such Indemnifiable Claim or
      Indemnifiable Loss and to the extent that such failure results in forfeiture
      by
      the Company of substantial defenses, rights or insurance coverage. 

    

    7. DETERMINATION
      OF RIGHT TO INDEMNIFICATION. 

    

    (a) To
      the
      extent that Indemnitee shall have been successful on the merits or otherwise
      in
      defense of any Indemnifiable Claim or any portion thereof or in defense of
      any
      issue or matter therein, including, without limitation, dismissal without
      prejudice, Indemnitee shall be indemnified against all Indemnifiable Losses
      relating to, arising out of or resulting from such Indemnifiable Claim in
      accordance with Section 2 and no Standard of Conduct Determination (as defined
      in Section 7(b)) shall be required. 

    

    
      
         

      

      
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    (b) To
      the
      extent that the provisions of Section 7(a) are inapplicable to an Indemnifiable
      Claim that shall have been finally disposed of, any determination of whether
      Indemnitee has satisfied the applicable Standard of Conduct (a “STANDARD OF
      CONDUCT DETERMINATION”) shall be made as follows: (i) if a Change in Control
      shall not have occurred, or if a Change in Control shall have occurred but
      Indemnitee shall have requested that the Standard of Conduct Determination
      be
      made pursuant to this clause (i), (A) by a majority vote of the Disinterested
      Directors, even if less than a quorum of the Board, (B) if such Disinterested
      Directors so direct, by a majority vote of a committee of Disinterested
      Directors designated by a majority vote of all Disinterested Directors, or
      (C)
      if there are no such Disinterested Directors, or if a majority of the
      Disinterested Directors so direct, by Independent Counsel in a written opinion
      addressed to the Board, a copy of which shall be delivered to Indemnitee; and
      (ii) if a Change in Control shall have occurred and Indemnitee shall not have
      requested that the Standard of Conduct Determination be made pursuant to clause
      (i) above, by Independent Counsel in a written opinion addressed to the Board,
      a
      copy of which shall be delivered to Indemnitee. 

    

    (c) If
      (i)
      Indemnitee shall be entitled to indemnification hereunder against any
      Indemnifiable Losses pursuant to Section 7(a), (ii) no determination of whether
      Indemnitee has satisfied any applicable standard of conduct under Delaware
      law
      is a legally required condition precedent to indemnification of Indemnitee
      hereunder against any Indemnifiable Losses, or (iii) Indemnitee has been
      determined or deemed pursuant to Section 7(b) to have satisfied the applicable
      Standard of Conduct, then the Company shall pay to Indemnitee, within five
      business days after the later of (x) the Notification Date in respect of the
      Indemnifiable Claim or portion thereof to which such Indemnifiable Losses are
      related, out of which such Indemnifiable Losses arose or from which such
      Indemnifiable Losses resulted, and (y) the earliest date on which the applicable
      criterion specified in clause (i), (ii) or (iii) above shall have been
      satisfied, an amount equal to the amount of such Indemnifiable Losses. Nothing
      herein is intended to mean or imply that the Company is intending to use Section
      145(f) of the Delaware General Corporation Law to dispense with a requirement
      that Indemnitee meet the applicable Standard of Conduct where it is otherwise
      required by such statute. 

    

    (d) If
      a
      Standard of Conduct Determination is required to be, but has not been, made
      by
      Independent Counsel pursuant to Section 7(b)(i), the Independent Counsel shall
      be selected by the Board or a committee of the Board, and the Company shall
      give
      written notice to Indemnitee advising him or her of the identity of the
      Independent Counsel so selected. If a Standard of Conduct Determination is
      required to be, or to have been, made by Independent Counsel pursuant to Section
      7(b)(ii), the Independent Counsel shall be selected by Indemnitee, and
      Indemnitee shall give written notice to the Company advising it of the identity
      of the Independent Counsel so selected. In either case, Indemnitee or the
      Company, as applicable, may, within five business days after receiving written
      notice of selection from the other, deliver to the other 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 satisfy the
      criteria set forth in the definition of “Independent Counsel” in Section 1(h),
      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 properly and timely
      made and substantiated, (i) 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 and (ii) the non−objecting party
      may, at its option, select an alternative Independent Counsel and give written
      notice to the other party advising such other party of the identity of the
      alternative Independent Counsel so selected, in which case the provisions of
      the
      two immediately preceding sentences and clause (i) of this sentence shall apply
      to such subsequent selection and notice. If applicable, the provisions of clause
      (ii) of the immediately preceding sentence shall apply to successive alternative
      selections. If no Independent Counsel that is permitted under the foregoing
      provisions of this Section 7(d) to make the Standard of Conduct Determination
      shall have been selected within 30 calendar days after the Company gives its
      initial notice pursuant to the first sentence of this Section 7(d) or Indemnitee
      gives its initial notice pursuant to the second sentence of this Section 7(d),
      as the case may be, either the Company or Indemnitee may petition the Court
      of
      Chancery of the State of Delaware 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 or firm selected by the Court or by such other person as the Court shall
      designate, and the person or firm with respect to whom all objections are so
      resolved or the person or firm so appointed will act as Independent Counsel.
      In
      all events, the Company shall pay all of the actual and reasonable fees and
      expenses of the Independent Counsel incurred in connection with the Independent
      Counsel’s determination pursuant to Section 7(b). 

    

    
      
         

      

      
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    8. COOPERATION.
      Indemnitee shall cooperate with reasonable requests of the Company in connection
      with any Indemnifiable Claim and any individual or firm making such Standard
      of
      Conduct Determination, including providing to such Person documentation or
      information which is not privileged or otherwise protected from disclosure
      and
      which is reasonably available to Indemnitee and reasonably necessary to defend
      the Indemnifiable Claim or make any Standard of Conduct Determination without
      incurring any unreimbursed cost in connection therewith. The Company shall
      indemnify and hold harmless Indemnitee against and, if requested by Indemnitee,
      shall reimburse Indemnitee for, or advance to Indemnitee, within five business
      days of such request accompanied by supporting documentation for specific costs
      and expenses to be reimbursed or advanced, any and all costs and expenses
      (including attorneys’ and experts’ fees and expenses) actually and reasonably
      incurred by Indemnitee in so cooperating with the Person defending the
      Indemnifiable Claim or making such Standard of Conduct Determination.

    

    9. PRESUMPTION
      OF ENTITLEMENT. Notwithstanding any other provision hereof, in making any
      Standard of Conduct Determination, the Person making such determination shall
      presume that Indemnitee has satisfied the applicable Standard of Conduct.

    

    10. NO
      OTHER
      PRESUMPTION. For purposes of this Agreement, the termination of any Claim by
      judgment, order, settlement (whether with or without court approval) or
      conviction, or upon a plea of nolo contendere or its equivalent, will not create
      a presumption that Indemnitee did not meet any applicable Standard of Conduct
      or
      that indemnification hereunder is otherwise not permitted. 

    

    
      
         

      

      
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    11. NON−EXCLUSIVITY.
      The rights of Indemnitee hereunder will be in addition to any other rights
      Indemnitee may have under the Constituent Documents, or the substantive laws
      of
      the Company’s jurisdiction of incorporation, any other contract or otherwise
      (collectively, “OTHER INDEMNITY PROVISIONS”); PROVIDED, HOWEVER, that (a) to the
      extent that Indemnitee otherwise would have any greater right to indemnification
      under any Other Indemnity Provision, Indemnitee will without further action
      be
      deemed to have such greater right hereunder, and (b) to the extent that any
      change is made to any Other Indemnity Provision which permits any greater right
      to indemnification than that provided under this Agreement as of the date
      hereof, Indemnitee will be deemed to have such greater right hereunder. The
      Company may not, without the consent of Indemnitee, adopt any amendment to
      any
      of the Constituent Documents the effect of which would be to deny, diminish
      or
      encumber Indemnitee’s right to indemnification under this Agreement.

    

    12. LIABILITY
      INSURANCE AND FUNDING. For the duration of Indemnitee’s service as a director
      and/or officer of the Company and for a reasonable period of time thereafter,
      which such period shall be determined by the Company in its sole discretion,
      the
      Company shall use commercially reasonable efforts (taking into account the
      scope
      and amount of coverage available relative to the cost thereof) to cause to
      be
      maintained in effect policies of directors’ and officers’ liability insurance
      providing coverage for directors and/or officers of the Company, and, if
      applicable, that is substantially comparable in scope and amount to that
      provided by the Company’s current policies of directors’ and officers’ liability
      insurance. Upon reasonable request, the Company shall provide Indemnitee or
      his
      or her counsel with a copy of all directors’ and officers’ liability insurance
      applications, binders, policies, declarations, endorsements and other related
      materials. In all policies of directors’ and officers’ liability insurance
      obtained by the Company, Indemnitee shall be named as an insured in such a
      manner as to provide Indemnitee the same rights and benefits, subject to the
      same limitations, as are accorded to the Company’s directors and officers most
      favorably insured by such policy. Notwithstanding the foregoing, (i) the Company
      may, but shall not be required to, create a trust fund, grant a security
      interest or use other means, including, without limitation, a letter of credit,
      to ensure the payment of such amounts as may be necessary to satisfy its
      obligations to indemnify and advance expenses pursuant to this Agreement and
      (ii) in renewing or seeking to renew any insurance hereunder, the Company will
      not be required to expend more than 2.0 times the premium amount of the
      immediately preceding policy period (equitably adjusted if necessary to reflect
      differences in policy periods). 

    

    13. SUBROGATION.
      In the event of payment under this Agreement, the Company shall be subrogated
      to
      the extent of such payment to all of the related rights of recovery of
      Indemnitee against other Persons (other than Indemnitee’s successors), including
      any entity or enterprise referred to in clause (i) of the definition of
“Indemnifiable Claim” in Section 1(f). Indemnitee shall execute all papers
      reasonably required to evidence such rights (all of Indemnitee’s reasonable
      Expenses, including attorneys’ fees and charges, related thereto to be
      reimbursed by or, at the option of Indemnitee, advanced by the Company).

    

    14. NO
      DUPLICATION OF PAYMENTS. The Company shall not be liable under this Agreement
      to
      make any payment to Indemnitee in respect of any Indemnifiable Losses to the
      extent Indemnitee has otherwise already actually received payment (net of
      Expenses incurred in connection therewith) under any insurance policy, the
      Constituent Documents and Other Indemnity Provisions or otherwise (including
      from any entity or enterprise referred to in clause (i) of the definition of
      “Indemnifiable Claim” in Section 1(f)) in respect of such Indemnifiable Losses
      otherwise indemnifiable hereunder. 

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    15. DEFENSE
      OF CLAIMS. Subject to the provisions of applicable policies of directors’ and
      officers’ liability insurance, if any, the Company shall be entitled to
      participate in the defense of any Indemnifiable Claim or to assume or lead
      the
      defense thereof with counsel reasonably satisfactory to the Indemnitee; PROVIDED
      that if Indemnitee determines, after consultation with counsel selected by
      Indemnitee, that (a) the use of counsel chosen by the Company to represent
      Indemnitee would present such counsel with an actual or potential conflict,
      (b)
      the named parties in any such Indemnifiable Claim (including any impleaded
      parties) include both the Company and Indemnitee and Indemnitee shall conclude
      that there may be one or more legal defenses available to him or her that are
      different from or in addition to those available to the Company, (c) any such
      representation by such counsel would be precluded under the applicable standards
      of professional conduct then prevailing, or (d) Indemnitee has interests in
      the
      claim or underlying subject matter that are different from or in addition to
      those of other Persons against whom the Claim has been made or might reasonably
      be expected to be made, then Indemnitee shall be entitled to retain separate
      counsel (but not more than one law firm plus, if applicable, local counsel
      in
      respect of any particular Indemnifiable Claim for all indemnitees in
      Indemnitee’s circumstances) at the Company’s expense. The Company shall not be
      liable to Indemnitee under this Agreement for any amounts paid in settlement
      of
      any threatened or pending Indemnifiable Claim effected without the Company’s
      prior written consent. The Company shall not, without the prior written consent
      of the Indemnitee, effect any settlement of any threatened or pending
      Indemnifiable Claim which the Indemnitee is or could have been a party unless
      such settlement solely involves the payment of money and includes complete
      and
      unconditional release of the Indemnitee from all liability on any claims that
      are the subject matter of such Indemnifiable Claim. Neither the Company nor
      Indemnitee shall unreasonably withhold its consent to any proposed settlement;
      PROVIDED that Indemnitee may withhold consent to any settlement that does not
      provide a complete and unconditional release of Indemnitee. 

    

    16. MUTUAL
      ACKNOWLEDGMENT. Both the Company and the Indemnitee acknowledge that in certain
      instances, Federal law or applicable public policy may prohibit the Company
      from
      indemnifying its directors and officers under this Agreement or otherwise.
      Indemnitee understands and acknowledges that the Company may be required in
      the
      future to undertake to the Securities and Exchange Commission to submit the
      question of indemnification to a court in certain circumstances for
      determination of the Company’s right under public policy to indemnify Indemnitee
      and, in that event, the Indemnitee’s rights and the Company’s obligations
      hereunder shall be subject to that determination. 

    

    17. SUCCESSORS
      AND BINDING AGREEMENT. 

    

    (a) This
      Agreement shall be binding upon and inure to the benefit of the Company and
      any
      successor to the Company, including, without limitation, any Person acquiring
      directly or indirectly all or substantially all of the business or assets of
      the
      Company whether by purchase, merger, consolidation, reorganization or otherwise
      (and such successor will thereafter be deemed the “Company” for purposes of this
      Agreement), but shall not otherwise be assignable or delegatable by the Company.
      

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (b) This
      Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s
      personal or legal representatives, executors, administrators, heirs,
      distributees, legatees and other successors. (c) This Agreement is personal
      in
      nature and neither of the parties hereto shall, without the consent of the
      other, assign or delegate this Agreement or any rights or obligations hereunder
      except as expressly provided in Sections 17(a) and 17(b). Without limiting
      the
      generality or effect of the foregoing, Indemnitee’s right to receive payments
      hereunder shall not be assignable, whether by pledge, creation of a security
      interest or otherwise, other than by a transfer by the Indemnitee’s will or by
      the laws of descent and distribution, and, in the event of any attempted
      assignment or transfer contrary to this Section 17(c), the Company shall have
      no
      liability to pay any amount so attempted to be assigned or transferred.

    

    18. NOTICES.
      For all purposes of this Agreement, all communications, including without
      limitation notices, consents, requests or approvals, required or permitted
      to be
      given hereunder must be in writing and shall be deemed to have been duly given
      when hand delivered or dispatched by electronic facsimile transmission (with
      receipt thereof orally confirmed), or one business day after having been sent
      for next−day delivery by a nationally recognized overnight courier service,
      addressed to the Company (to the attention of the Secretary of the Company)
      and
      to Indemnitee at the applicable address shown on the signature page hereto,
      or
      to such other address as any party may have furnished to the other in writing
      and in accordance herewith, except that notices of changes of address will
      be
      effective only upon receipt. 

    

    19. GOVERNING
      LAW. The validity, interpretation, construction and performance of this
      Agreement shall be governed by and construed in accordance with the substantive
      laws of the State of Delaware, without giving effect to the principles of
      conflict of laws of such State. The Company and Indemnitee each hereby
      irrevocably consent to the jurisdiction of the Chancery Court of the State
      of
      Delaware for all purposes in connection with any action or proceeding which
      arises out of or relates to this Agreement, waive all procedural objections
      to
      suit in that jurisdiction, including, without limitation, objections as to
      venue
      or inconvenience, agree that service in any such action may be made by notice
      given in accordance with Section 18 and also agree that any action instituted
      under this Agreement shall be brought only in the Chancery Court of the State
      of
      Delaware. 

    

    20. VALIDITY.
      If any provision of this Agreement or the application of any provision hereof
      to
      any Person or circumstance is held invalid, unenforceable or otherwise illegal,
      the remainder of this Agreement and the application of such provision to any
      other Person or circumstance shall not be affected, and the provision so held
      to
      be invalid, unenforceable or otherwise illegal shall be reformed to the extent,
      and only to the extent, necessary to make it enforceable, valid or legal. In
      the
      event that any court or other adjudicative body shall decline to reform any
      provision of this Agreement held to be invalid, unenforceable or otherwise
      illegal as contemplated by the immediately preceding sentence, the parties
      thereto shall take all such action as may be necessary or appropriate to replace
      the provision so held to be invalid, unenforceable or otherwise illegal with
      one
      or more alternative provisions that effectuate the purpose and intent of the
      original provisions of this Agreement as fully as possible without being
      invalid, unenforceable or otherwise illegal. 

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

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

    

    22. CERTAIN
      INTERPRETIVE MATTERS. Unless the context of this Agreement otherwise requires,
      (1) “it” or “its” or words of any gender include each other gender, (2) words
      using the singular or plural number also include the plural or singular number,
      respectively, (3) the terms “hereof,” “herein,” “hereby” and derivative or
      similar words refer to this entire Agreement, (4) the terms “Article,”
“Section,” “Annex” or “Exhibit” refer to the specified Article, Section, Annex
      or Exhibit of or to this Agreement, (5) the terms “include,” “includes” and
“including” will be deemed to be followed by the words “without limitation”
(whether or not so expressed), and (6) the word “or” is disjunctive but not
      exclusive. Whenever this Agreement refers to a number of days, such number
      will
      refer to calendar days unless business days are specified and whenever action
      must be taken (including the giving of notice or the delivery of documents)
      under this Agreement during a certain period of time or by a particular date
      that ends or occurs on a non−business day, then such period or date will be
      extended until the immediately following business day. As used herein, “BUSINESS
      DAY” means any day other than Saturday, Sunday or a United States federal
      holiday. 

    

    23. ENTIRE
      AGREEMENT. This Agreement constitutes the entire agreement and supersedes all
      prior agreements and understandings, both written and oral, between the parties
      hereto with respect to the subject matter of this Agreement. Any prior
      agreements or understandings between the parties hereto with respect to
      indemnification are hereby terminated and of no further force or effect. This
      Agreement is not the exclusive means of securing indemnification rights of
      Indemnitee and is in addition to any rights Indemnitee may have under any
      Constituent Documents. 

    

    24. COUNTERPARTS.
      This Agreement may be executed in one or more counterparts, each of which will
      be deemed to be an original but all of which together shall constitute one
      and
      the same agreement. 

    

    [REMAINDER
      OF PAGE INTENTIONALLY BLANK]

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

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

    

    
      	 	
              NEURO-HITECH,
                INC. 

            
	 	 
	 	 
	 	
              By:____________________________

            
	 	
              Name:__________________________

            
	 	
              Title:___________________________

            
	 	 
	 	
              INDEMNITEE:
                

            
	 	 
	 	 
	 	___________________________
	 	
              Gary
                Shearman

            
	 	
              Address:________________________

            
	 	___________________________
	 	___________________________

    

     

    

    SIGNATURE
      PAGE TO DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

    

     

    
      
         

      

      
        13ADDENDUM
      TO SECOND AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
      AGREEMENT

    

    This
      Addendum to Second Amended and Restated Executive Employment Agreement (this
      “Addendum”) is made as of the 27th day of August, 2007 by and between Mobilepro
      Corp., a Delaware corporation (the “Company”), and Jay O. Wright
      (“Executive”).

    

    WHEREAS,
      the Company and the Executive are parties to that certain Second Amended and
      Restated Executive Employment Agreement dated as of June 6, 2005 (“Original
      Agreement”), which states the terms and conditions of the Executive’s employment
      as President and Chief Executive Officer of the Company; and

    

    WHEREAS,
      the Company and Executive wish to amend certain provisions of the Original
      Agreement, primarily various compensation provisions, in light of the Company’s
      sale of its various businesses and focus on a new direction for the
      Company.

    

    NOW,
      THEREFORE, in consideration of the foregoing recitals and the representations,
      covenants and terms, the parties hereto hereby agree to amend the Original
      Agreement as follows:

    

    Section
      1. Amendment
      to Section 1.
      Section 1
      of the
      Original Agreement is hereby amended to extend the term of the Agreement through
      June 30, 2008. 

    

    Section
      2. Amendment
      to Section 2.
      Section 2 of
      the
      Original Agreement is hereby amended as follows:

    

     

    
      	
            	2.	
              Compensation and
                Benefits

            

    

       

    
      	 	
              (a)

            	
              Salary.
                During the Employment Period, the Company shall pay to Executive,
                as
                compensation for the performance of his duties and obligations under
                this
                Agreement, a base salary during the remainder of 2005 of Two Hundred
                Ten
                Thousand Dollars ($210,000), during 2006, Two Hundred Forty Thousand
                Dollars ($240,000), during 2007, Two Hundred Seventy Thousand Dollars
                ($270,000) and during 2008 Two Hundred Forty Thousand Dollars ($240,000).
                The base salary may be increased at the discretion of the Board but
                shall
                not be reduced during the term hereof without the consent of
                Executive.

            

    

     

    
      	 	
              (b)

            	
              Bonus.
                During the Employment Period, Executive shall be entitled to a bonus
                during fiscal 2008 and the first quarter of fiscal 2009 for achieving
                three, four or five of the following goals (the “New Direction Goals”) for
                the Company: (i) closing of the sale of the CLEC subsidiaries to
                USA
                Telephone; (ii) eliminating the Company’s existing debt to Yorkville
                Advisors, LLC (f/k/a Cornell Capital Partners, LP); (iii) closing
                of the
                sale(s) of at least 80% of the telephones of Davel Communications;
                (iv)
                elimination of the debt of Kite Broadband, LLC and Kite Networks,
                Inc.
                from the Company’s balance sheet, including any guaranties related
                thereto; and (v) completing an acquisition into a new line of business,
                which acquisition shall have received board approval. Executive shall
                receive a cash bonus of $20,000 for achieving three of the above
                five New
                Direction Goals, $50,000 for achieving four of the above five goals
                and
                $100,000 for achieving all five goals, such bonus to be paid upon
                achievement of such goals provided that the Company’s cash position allows
                such payment. The Board shall have the discretion to award an additional
                bonus of up to $100,000 to Executive based on the Board’s judgment in its
                sole discretion. This bonus shall not affect any bonus previously
                earned.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)

            	
              Equity.
                As partial consideration for entering into the Original Agreement,
                the
                Company hereby grants Executive a warrant in the form attached hereto
                as
                Exhibit
                1
                to
                acquire five million (5,000,000) shares of the Company’s common stock, par
                value $.001 per share (the “Warrant Shares”) at an exercise price of $0.22
                per share to vest ratably over thirty-two (32) months between April
                2005
                and December 2007 or immediately if Executive’s employment is terminated
                without cause or for good reason (as described in Section 4 hereof)
                or due
                to a change in control, sale of a majority of the common stock or
                substantially all of the assets of the Company or merger of the Company
                into or with another company (unless such company is less than ninety
                percent (90%) of the size (measured by market value) of the Company)
                or
                reverse merger with another company. In addition, Executive shall
                be
                entitled to the following Warrant Shares for achieving the New Direction
                Goals: three million (3,000,000) Warrant Shares of the Company’s common
                stock at an exercise price of $.0075 per share to vest immediately
                upon
                the closing of the sale of the CLEC subsidiaries to USA Telephone;
                two
                million (2,000,000) Warrant Shares of the Company’s common stock at an
                exercise price of $.0075 per share to vest immediately upon eliminating
                the Company’s debt to Yorkville Advisors, LLC (f/k/a Cornell Capital
                Partners, LP); two million (2,000,000) Warrant Shares of the Company’s
                common stock at an exercise price of $.0075 per share to vest immediately
                upon the closing of the sale of at least 80% of the telephones of
                Davel
                Communications; one million (1,000,000) Warrant Shares of the Company’s
                common stock at an exercise price of $.0075 per share to vest immediately
                upon elimination of the debt of Kite Broadband, LLC and Kite Networks,
                Inc. from the Company’s balance sheet, including any guaranties related
                thereto; and two million (2,000,000) Warrant Shares of the Company’s
                common stock at an exercise price of $.0075 per share to vest immediately
                upon completing an acquisition into a new line of business, which
                acquisition shall have received Board approval . These warrants are
                in
                addition to the
                warrant(s) to acquire fifteen million one hundred eighty two thousand
                five
                hundred (15,182,500) Warrant Shares which have already vested. The
                Warrant
                Shares granted hereunder must be exercised by the tenth anniversary
                of the
                date of vesting or shall be forfeited by Executive. All Warrant Shares
                granted hereunder shall have a “cashless” exercise provision which enables
                Executive to give up a portion of his Warrant Shares in order to
                exercise
                others without paying cash for them. Further, the number, kind and
                strike
                price of the stock Warrant Shares granted hereunder shall be appropriately
                and equitably adjusted to reflect any stock dividend, stock split,
                spin-off, split-off, extraordinary cash dividend, recapitalization,
                reclassification or other major corporate action affecting the stock
                of
                the Company to the end that after such event Executive’s proportionate
                interest in the Company shall be maintained as before the occurrence
                of
                such event. Executive shall also receive payment of any cash dividend,
                stock dividend or other distribution declared and paid by the Company
                as
                if Executive had already exercised all of his Warrant Shares, including
                unvested Warrant Shares. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      3. Amendment
      to Section 5.
      Section 5 of
      the
      Original Agreement is hereby amended as follows:

    

    
      	 	
              5.

            	
              Consequences
                of Termination

            

    

    

    
      	 	
              (a)

            	
              Without
                Cause, due to a Change of Control or for Good Reason.
                In the event of a termination of Executive’s employment during the
                Employment Period by the Company other than for Cause pursuant to
                Section
                4(f) or by Executive for Good Reason pursuant to Section 4(b)
                (e.g.,
                due to a Change of Control of the Company, where Change of Control
                means: 
                (i) the acquisition (other than from the Company) in one or more
                transactions by any Person, as defined in this Section 5(a), of the
                beneficial ownership (within the meaning of Rule 13d-3 promulgated
                under
                the Securities Exchange Act of 1934, as amended) of 50% or more of
                (A) the then outstanding shares of the securities of the Company, or
                (B) the combined voting power of the then outstanding securities of
                the Company entitled to vote generally in the election of directors
                (the
                “Company Voting Stock”); (ii) the closing of a sale or other
                conveyance of all or substantially all of the assets of the Company;
                or
                (iii) the effective time of any merger, share exchange,
                consolidation, or other business combination of the Company if immediately
                after such transaction persons who hold a majority of the outstanding
                voting securities entitled to vote generally in the election of directors
                of the surviving entity (or the entity owning 100% of such surviving
                entity) are not persons who, immediately prior to such transaction,
                held
                the Company Voting Stock; provided,
                however,
                that a Change of Control shall not include a public offering of capital
                stock of the Company. For purposes of this Section 5(a), a “Person”
                means any individual, entity or group within the meaning of Section
                13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended,
                other than: employee benefit plans sponsored or maintained by the
                Company
                and corporations controlled by the Company, the Company shall pay
                Executive (or his estate) and provide him with the
                following:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (i)

            	
              Lump-Sum
                Payment.
                A lump-sum cash payment, payable ten (10) days after Executive’s
                termination of employment, equal to the sum of the
                following:

            

    

     

    
      	 	
              (A)

            	
              Salary.
                The equivalent of the remaining term of this Agreement as amended
                by this
                Addendum (the “Severance Period”) of Executive’s then-current base salary;
                plus

            

    

     

    
      	 	
              (B)

            	
              Earned
                but Unpaid Amounts.
                Any previously earned but unpaid salary through Executive’s final date of
                employment with the Company, and any previously earned but unpaid
                bonus
                amounts prior to the date of Executive’s termination of employment.
                Additionally, if, by June 30, 2008, at least 3 of the 5 New Direction
                Goals have been met, then on June 30, 2008, an additional bonus equal
                to
                that which Executive would have been entitled if still employed shall
                be
                paid.

            

    

    

    
      	 	
              (C)

            	
              Equity.
                All Warrant Shares vested at time of termination shall be retained
                by
                Executive. All unvested Warrant Shares shall immediately vest and
                be
                retained by Executive. Executive shall have the benefit of the full
                ten
                year option period to exercise such Warrant
                Shares.

            

    

    

    Section
      4. Effect
      of Addendum.
      Except
      as amended hereby, the Original Agreement shall continue in full force and
      effect. 

     

    Section
      5. Governing Law.
      This
      Amendment shall be governed by and construed under the laws of the State of
      Delaware.  

    

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

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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

    

    IN
      WITNESS WHEREOF, the parties have executed this Addendum to Employment Agreement
      as of the date written above.

     

    
      
        	 	JAY O. WRIGHT	 	MOBILEPRO CORP.	 
	 	 	 	 	 
	 	
                /s/
                  Jay O. Wright

              	 	/s/
                Donald Sledge	 
	 	 	 	By: Donald Sledge	 
	 	 	 	Its: Board Member	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Exhibit
      1

    

    WARRANT

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