SEC Contract Filing

Filing Date: 2018-09-13

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INDEMNITY
AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Indemnity Agreement (this &ldquo;<B>Agreement</B>&rdquo;) dated as of the ___ of ___________, 2018.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BETWEEN:</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>I.D.
SYSTEMS, INC.</B>, a corporation incorporated under the laws of Delaware (the &ldquo;<B>Corporation</B>&rdquo;)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>_________________</B>,
an individual (the &ldquo;<B>Indemnified Party</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
Section 145(e) of the General Corporation Law of the State of Delaware (the &ldquo;<B>DGCL</B>&rdquo;), the Restated Certificate
of Incorporation, as amended, of the Corporation (the &ldquo;<B>Certification of Incorporation</B>&rdquo;) and the Restated By-Laws,
as amended, of the Corporation (the &ldquo;<B>Bylaws</B>&rdquo;) require the Corporation to pay all expenses, including attorney&rsquo;s
fees of directors and officers of the Corporation, including the Indemnified Party, incurred in defending any civil, criminal,
administrative or investigative action, suit, proceeding, investigation, inquiry or hearing (&ldquo;<B>Proceeding</B>&rdquo;)
in advance of the final disposition of such Proceeding;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Corporation desires to have the Indemnified Party serve or continue to serve as a director or officer of the Corporation free
from undue concern for unpredictable, inappropriate or unreasonable claims for damages by reason of his being, or having been,
a director or officer of the Corporation or by reason of his decisions or actions on their behalf; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Indemnified Party is willing to serve, or to continue to serve, or to take on additional service for, the Corporation in such
aforesaid capacities on the condition that he be further indemnified as provided for herein.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW
THEREFORE, IN CONSIDERATION OF</B> the premises and mutual covenants herein contained and the Indemnified Party acting or agreeing
to continue to act as a director or officer of the Corporation, the Corporation and the Indemnified Party do hereby covenant and
agree as set forth below:</FONT></P>

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