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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001144204-10-038670.txt : 20100721
<SEC-HEADER>0001144204-10-038670.hdr.sgml : 20100721
<ACCEPTANCE-DATETIME>20100721104517
ACCESSION NUMBER:		0001144204-10-038670
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100716
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100721
DATE AS OF CHANGE:		20100721

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apollo Medical Holdings, Inc.
		CENTRAL INDEX KEY:			0001083446
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				87042699
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25809
		FILM NUMBER:		10961708

	BUSINESS ADDRESS:	
		STREET 1:		450 NORTH BRAND BLVD.,
		STREET 2:		SUITE 600
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203
		BUSINESS PHONE:		818-507-4617

	MAIL ADDRESS:	
		STREET 1:		450 NORTH BRAND BLVD.,
		STREET 2:		SUITE 600
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SICLONE INDUSTRIES INC
		DATE OF NAME CHANGE:	19990413
</SEC-HEADER>
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STATES</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
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Medical Holdings, Inc.</font></div>
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Brand Blvd., Suite 600</font></div>
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appropriate box below if the Form&#160;8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</font></div>
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5.02&#160;&#160;&#160;&#160;&#160;&#160;DEPARTURE OF DIRECTORS OR CERTAIN
OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS, COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July
16, 2010, Apollo Medical Holdings, Inc. (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>&#8221;) and Suresh
Nihalani, a member of the Company&#8217;s Board of Directors, entered into an
amendment (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Amendment</font>&#8221;) to that
certain Board of Directors Agreement (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Director Agreement</font>&#8221;),
dated October 27, 2008, between the Company and Mr.
Nihalani.&#160;&#160;&#160;The Director Agreement is described in greater detail
in the Company&#8217;s current report on Form 8-K filed on November 5,
2008.</font></div>
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to the Director Agreement, Mr. Nihalani was to receive in exchange for his
services as a director 400,000 shares of common stock (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Common Stock</font>&#8221;) of the
Company, which was to be held in escrow until released by the Company in 36
equal monthly installments.&#160;&#160;&#160;In lieu of such arrangement, the
Company has been issuing shares of Common Stock to Mr. Nihalani in an amount
equal to approximately 11,111 shares on a monthly basis, and Mr. Nihalani has
agreed to such arrangement.&#160;&#160;To date, Mr. Nihalani has been issued
188,887 shares of Common Stock pursuant to these issuances.</font></div>
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to the Amendment, Mr. Nihalani was issued 211,113 shares (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Restricted Shares</font>&#8221;),
representing the 400,000 shares of Common Stock he was to receive under the
Director&#8217;s Agreement less the 188,887 shares of Common Stock he has already
received, in exchange for $.001 per share, the par value of each
share.&#160;&#160;The Restricted Shares will be subject to repurchase by the
Company at par value in the event that Mr. Nihalani no longer serves as a member
of the Board of Directors of the Company, provided that Mr. Nihalani will become
vested in such shares and such repurchase rights will lapse as to approximately
11,111 of the Restricted Shares each month.&#160;&#160;Mr. Nihalani may not
transfer, assign, encumber or otherwise dispose of any of the Restricted Shares
until such Restricted Shares are vested, and any disposition will be subject to
applicable securities law.</font></div>
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Amendment also amends and restates the form of Indemnification Agreement to be
entered into between the Company and Mr. Nihalani.&#160;&#160;The Company and
Mr. Nihalani executed the Indemnification Agreement on July 16,
2010.&#160;&#160;The Indemnification Agreement provides, among other things,
that the Company will indemnify Mr. Nihalani, under the circumstances set forth
therein, for defense expenses, damages, judgments, fines and settlements
incurred by him in connection with actions or proceedings to which he may be a
party as a result of his position as a director, officer, employee, agent or
fiduciary of the Company, and otherwise to the full extent permitted under the
Company&#8217;s bylaws and state law.</font></div>
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preceding summary is subject to, and qualified by, the full text of the
Amendment, which is filed as exhibits to this Current Report on Form
8-K.</font></div>&#160;<br>
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</font></div>
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</font></div>
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</font></div>
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9.01 Financial Statements and Exhibits.</font></div>
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      </font></td>
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      to Board of Directors Agreement, dated July 16, 2010, by and between the
      Company and Suresh Nihalani</font></div>
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      Agreement, dated July 16, 2010, by and between the Company and Suresh
      Nihalani</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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      July 21, 2010</font></div>
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      MEDICAL HOLDINGS, INC.</font></div>
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      </font></td>
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      </font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:&#160;</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">/s/ WARREN HOSSEINION</font></font></div>
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      </font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="46%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Warren
      Hosseinion</font></div>
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              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      Executive Officer</font></div>
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<DOCUMENT>
<TYPE>EX-10.1
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<FILENAME>v191052_ex10-1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<html>
  <head>
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    <!--Licensed to: Vintage Filings-->
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    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AMENDMENT
TO&#160;&#160;DIRECTOR AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THIS
AMENDMENT, dated as of July 16, 2010 (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Amendment</font>&#8221;), is being
made to that certain Board of Directors Agreement (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Director Agreement</font>&#8221;),
dated October 27, 2008, by and between Apollo Medical Holdings, Inc., a Delaware
corporation (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Corporation</font>&#8221;) and
Suresh Nihalani (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Mr.
Nihalani</font>&#8221;).&#160;&#160;Capitalized terms used herein and not otherwise
defined shall have the meanings given such terms in the Director
Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
pursuant to the Director Agreement, Mr. Nihalani was to receive in exchange for
his services as a director 400,000 shares of common stock (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Common Stock</font>&#8221;) of the
Corporation, which was to be held in escrow until released by the Corporation in
36 equal monthly installments.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
in lieu of such arrangement, the Corporation has been issuing shares of Common
Stock to Mr. Nihalani in an amount equal to 1/36 of 400,000 on a monthly basis,
and Mr. Nihalani has agreed to such arrangement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
to date, Mr. Nihalani has been issued 188,887 shares of Common Stock pursuant to
these issuances.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
the Corporation and Mr. Nihalani wish to modify the manner in which Mr. Nihalani
will be receiving shares on a going forward basis.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
THEREFORE, in consideration of the premises and mutual covenants and obligations
hereinafter set forth, Apollo and Mr. Nihalani hereby agree as
follows:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1. <font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Amendment
to Restricted Stock Award.</font>&#160;&#160;&#8220;Section B. Equity Compensation&#8221;
shall be amended and restated as follows:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Issued
Shares</font>.&#160;&#160;Mr. Nihalani and the Corporation hereby acknowledge
and agree that as of the date hereof, 188,887 shares of Common Stock have been
issued to Mr. Nihalani pursuant to the Director Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Purchase of
Shares.</font>&#160;&#160;Mr. Nihalani hereby purchases, and the Corporation
hereby sells to Mr. Nihalani, 211,113 shares of Common Stock (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Purchased Shares</font>&#8221;) at
a purchase price of $0.001 per share (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Purchase
Price</font>&#8221;).&#160;&#160;Concurrently with the execution of this Agreement,
Mr. Nihalani shall pay the Purchase Price for the Purchased Shares in
cash.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Restricted
Securities</font>.&#160;&#160;Mr. Nihalani hereby confirms that he has been
informed that the Purchased Shares are restricted securities under the
Securities Act of 1933 (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">1933 Act</font>&#8221;) and may
not be resold or transferred unless the Purchased Shares are first registered
under the federal securities laws or unless an exemption from such registration
is available.&#160;&#160;Accordingly, Mr. Nihalani hereby acknowledges that he
is prepared to hold the Purchased Shares for an indefinite period and that Mr.
Nihalani is aware that Rule&#160;144 of the Securities and Exchange Commission
issued under the 1933 Act is not presently available to exempt the sale of the
Purchased Shares from the registration requirements of the 1933
Act.&#160;&#160;Prior to his acquisition of the Purchased Shares, Mr. Nihalani
acquired sufficient information about the Corporation to reach an informed
knowledgeable decision to acquire the Purchased Shares.&#160;&#160;Mr. Nihalani
has such knowledge and experience in financial and business matters as to make
Mr. Nihalani capable of utilizing said information to evaluate the risks of the
prospective investment and to make an informed investment
decision.&#160;&#160;Mr. Nihalani is able to bear the economic risk of Mr.
Nihalani&#8217;s investment in the Purchased Stock.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Disposition of
Shares</font>.&#160;&#160;Mr. Nihalani hereby agrees that he shall make no
disposition of the Purchased Shares (other than a permitted transfer as
described below) unless and until he shall have notified the Corporation of the
proposed disposition and, if requested by the Corporation, Mr. Nihalani shall
have provided the Corporation an opinion of counsel in form and substance
satisfactory to the Corporation, that (i)&#160;the proposed disposition does not
require registration of the Purchased Shares under the 1933 Act or (ii)&#160;all
appropriate action necessary for compliance with the registration requirements
of the 1933 Act or of any exemption from registration available under the 1933
Act (including Rule&#160;144) has been taken.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Corporation shall not be required (i)&#160;to transfer on its books any
Purchased Shares that have been sold or transferred in violation of the
provisions of this section or (ii)&#160;to treat as the owner of the Purchased
Shares, or otherwise to accord voting or dividend rights to, any transferee to
whom the Purchased Shares have been transferred in contravention of the
Directors Agreement, including this Amendment.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Restrictive
Legends</font>.&#160;&#160;In order to reflect the restrictions on disposition
of the Purchased Shares, the stock certificates for the Purchased Shares will be
endorsed with restrictive legends, including one or both of the following
legends:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;ACT&#8221;).&#160;&#160;THE SHARES MAY NOT BE
SOLD OR OFFERED FOR SALE IN THE ABSENCE OF (I)&#160;AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SHARES UNDER SUCH ACT, OR (II)&#160;AN OPINION OF COUNSEL
SATISFACTORY TO THE CORPORATION THAT REGISTRATION UNDER SUCH ACT IS NOT REQUIRED
WITH RESPECT TO SUCH SALE OR OFFER.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS
OF A CERTAIN BOARD OF DIRECTORS AGREEMENT, AS AMENDED, INCLUDING A REPURCHASE
RIGHT, AND SUCH AGREEMENT IS ON FILE AT THE CORPORTATION&#8217;S PRINCIPAL OFFICE AND
MAY BE INSPECTED DURING NORMAL BUSINESS HOURS.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
required by the authorities of any state in connection with the issuance of the
Purchased Shares, the legend or legends required by such state authorities shall
also be endorsed on all such certificates.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Mr. Nihalani
Rights</font>.&#160;&#160;Until such time as the Corporation actually exercises
its Repurchase Rights under this Amendment, Mr. Nihalani (or any successor in
interest) shall have all the rights of a shareholder (including voting and
dividend rights) with respect to the Purchased Shares, subject, however, to the
transfer restrictions set forth below.</font></div><br>
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</font></div>
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</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Section&#160;83(b)
Election</font>.&#160;&#160;Mr. Nihalani understands that under Section&#160;83
of the Internal Revenue Code of 1986, as amended (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Code</font>&#8221;), the
difference between the Purchase Price paid for the Purchased Shares and their
fair market value on the date any forfeiture restrictions applicable to such
shares lapse will be reportable as ordinary income at that time.&#160;&#160;For
this purpose, the term &#8220;forfeiture restrictions&#8221; includes the right of the
Corporation to repurchase the Purchased Shares pursuant to its Repurchase Right
under this Amendment.&#160;&#160;Mr. Nihalani understands that he may elect to
be taxed at the time the Purchased Shares are acquired hereunder to the extent
the fair market value of the Purchased Shares exceeds the Purchase Price rather
than when and as such Purchased Shares cease to be subject to such forfeiture
restrictions, by filing an election under Section&#160;83(b) of the Code with
the I.R.S. within thirty (30) days after the date of purchase
hereunder.&#160;&#160;If the fair market value of the Purchased Shares at the
date of purchase equals (or is less than) the Purchase Price paid (and thus no
tax is payable), the election must be made to avoid adverse tax consequences in
the future.&#160;&#160;The form for making this election is attached as
Exhibit&#160;A hereto.&#160;&#160;Mr. Nihalani understands that failure to make
this filing within the thirty (30) day period will result in the recognition of
ordinary income by Mr. Nihalani (in the event the fair market value of the
Purchased Shares increases after the date of purchase) as the forfeiture
restrictions lapse.&#160;&#160;MR. NIHALANI IS URGED TO SEEK ADVICE FROM HIS TAX
ADVISOR AS TO WHETHER OR NOT TO MAKE A SECTION 83(b) ELECTION AND THE
RAMIFICATIONS OF MAKING SUCH AN ELECTION.&#160;&#160;IN PROVIDING THE FORM
ATTACHED AS EXHIBIT A, THE COMPANY MAKES NO REPRESENTATIONS AS TO WHETHER THE
SECTION 83(b) ELECTION SHOULD BE MADE BY EMPLOYEE.&#160;&#160;MR. NIHALANI
ACKNOWLEDGES THAT IT IS HIS SOLE RESPONSIBILITY, AND NOT THE CORPORATION&#8217;S, TO
FILE A TIMELY ELECTION UNDER SECTION&#160;83(b), EVEN IF HE REQUESTS THE
CORPORATION OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS
BEHALF.</font></div>
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Restrictions</font>.&#160;&#160;Mr. Nihalani shall not transfer, assign,
encumber, or otherwise dispose of any of the Purchased Shares that are subject
to the Corporation&#8217;s Repurchase Right.&#160;&#160;Such restrictions on transfer,
however, shall not be applicable to a transfer of title to the Purchased Shares
effected pursuant to Mr. Nihalani&#8217;s will or the laws of intestate succession
provided that the transferee, as a condition precedent to the validity of such
transfer, acknowledges in writing to the Corporation that such transferee is
bound by the provisions of this Amendment and that the transferred shares are
subject to the Corporation&#8217;s Repurchase Right granted hereunder, to the same
extent such shares would be so subject if retained by Mr. Nihalani.</font></div>
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Right</font>.&#160;&#160;The Corporation is hereby granted the right (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Repurchase</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">Right</font>&#8221;), at any time
during the sixty (60) day period following the first date that Mr. Nihalani is
no longer a director of the Corporation (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Repurchase Date</font>&#8221;), to
elect to repurchase all or (at the discretion of the Corporation) any portion of
the Purchased Shares in which Mr. Nihalani has not acquired a vested interest in
accordance with the vesting provisions set forth below (such shares to be
hereinafter called the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Unvested Shares</font>&#8221;) at
a purchase price of $.001 per share.</font></div>
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Right</font>.&#160;&#160;The Repurchase Right shall be exercisable by written
notice delivered to Mr. Nihalani prior to the expiration of the sixty (60) day
period following the Repurchase Date.&#160;&#160;The notice shall indicate the
number of Unvested Shares to be repurchased and the date on which the repurchase
is to be effected, such date to be not more than thirty (30) days after the date
of notice.&#160;&#160;The Corporation shall, concurrently with the receipt of
such stock certificates from Mr. Nihalani, pay to Mr. Nihalani in cash or cash
equivalents, an amount equal to the Purchase Price with respect to the Unvested
Shares that are to be repurchased.</font></div><br>
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Termination of the Repurchase Right</font>.&#160;&#160;Notwithstanding any other
provision in this Agreement to the contrary, the Corporation&#8217;s Repurchase Right
shall terminate, and the Purchased Shares shall become fully vested, with
respect to 400,000/36 of the Purchased Shares on the last day of each month
(each, a &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Vesting</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">Date</font>&#8221;), starting on
July 31, 2010 and ending on November 30, 2011, provided that Mr. Nihalani
continuously serves as director through that Vesting Date.&#160;&#160;If any
installment includes a fraction of a share, the fraction shall be carried
forward and added to subsequent installments. The Repurchase Right shall
terminate with respect to any Unvested Shares for which it is not exercised
within 60 days of the Repurchase Date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Additional Shares or
Substituted Securities</font>.&#160;&#160;In the event of any stock dividend,
stock split, recapitalization or other change affecting the Corporation&#8217;s
outstanding common stock as a class effected without receipt of consideration,
then any new, substituted or additional securities or other property (including
money paid other than as a regular cash dividend) which is by reason of any such
transaction distributed with respect to the Purchased Shares shall be
immediately subject to the Repurchase Right, but only to the extent the
Purchased Shares are at the time covered by such right.&#160;&#160;Appropriate
adjustments to reflect the distribution of such securities or property shall be
made to the number of Purchased Shares subject to the Repurchase Right hereunder
and to the price per share to be paid upon the exercise of the Repurchase Right
in order to reflect the effect of any such transaction upon the Corporation&#8217;s
capital structure; provided, however, that the aggregate purchase price to be
paid by the Corporation pursuant to the Repurchase Right shall remain the
same.</font></div>
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Shares</font>.&#160;&#160;If the Corporation (or its assignees) shall make
available, at the time and place and in the amount and form provided in this
Amendment, the consideration for the Purchased Shares to be repurchased in
accordance with the provisions of this Agreement, then from and after such time,
the person from whom such shares are to be repurchased shall no longer have any
rights as a holder of such shares (other than the right to receive payment of
such consideration in accordance with this Amendment), and such shares shall be
deemed purchased in accordance with the applicable provisions hereof and the
Corporation (or its assignees) shall be deemed the owner and holder of such
shares, whether or not the certificates therefor have been delivered as required
by this Amendment.</font></div>
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to Indemnification Agreement</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;</font>Exhibit B to the
Director Agreement, the Indemnification Agreement, shall be amended and restated
as set forth in Exhibit B hereto.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Merger
Agreement in Full Force and Effect.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Except as set forth
herein, the Merger Agreement shall remain in full force and effect.</font></div>
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Amendment may be executed in any number of counterparts, and each such
counterpart hereof shall be deemed to be an original agreement, but all such
counterparts together shall constitute but one agreement.&#160;&#160;Facsimile
or PDF counterpart signatures to this Amendment shall be
acceptable.</font></div><br>
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Law.</font>&#160;&#160;This Amendment shall be governed by and construed in
accordance with the laws of the State of California applicable to contracts made
and to be performed wholly therein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Severability</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.</font>&#160;&#160;Should any
provision of this Amendment be held invalid or illegal, such provision shall not
give rise to invalidate the Amendment but shall be construed as if to omit any
invalid or illegal part, and all remaining rights and obligations of the parties
shall be construed and enforced accordingly.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Securities Law</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.</font>&#160;&#160;THE SALE OF THE
SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH
THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA, AND THE ISSUANCE OF
SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION
THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES
IS EXEMPT FROM THE QUALIFICATION BY SECTION&#160;25100, 25102 OR 25105 OF THE
CALIFORNIA CORPORATIONS CODE.&#160;&#160;THE RIGHTS OF ALL PARTIES TO THIS
AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED,
UNLESS THE SALE IS SO EXEMPT.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment
as of the date first above written.</font></div>
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                        <td colspan="2" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">APOLLO
      MEDICAL HOLDINGS, INC.</font></td>
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                      <tr>
                        <td colspan="2" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">A
      Delaware Corporation</font></td>
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                      <tr>
                        <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                        <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">By:</font></font></div>
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                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">/S/ Warren Hosseinion,
  M.D.</font></font></div>
                        </td>
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      </font></td>
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                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:&#160;&#160;Chief
      Executive Officer</font></div>
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      </font></td>
                        <td valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">By:</font></font></div>
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                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">/S/ Suresh Nihalani</font></font></div>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v191052_ex10-2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<html>
  <head>
    <title></title>
    <!--Licensed to: Vintage Filings-->
    <!--Document Created using EDGARizer 4.0.6.4-->
    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEMNIFICATION
AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Indemnification Agreement (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Agreement</font>&#8221;) is made
as of this 16th day of July, 2010, by and between Apollo Medical Holdings, Inc.,
a Delaware corporation (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>&#8221;), and Suresh
Nihalani (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Indemnitee</font>&#8221;), with
reference to the following facts:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Indemnitee
is a director of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Company recognizes that the vagaries of public policy and the interpretation of
ambiguous statutes, regulations and court opinions are too uncertain to provide
the Company&#8217;s officers and directors with adequate or reliable advance knowledge
or guidance with respect to the legal risks and potential liabilities to which
they may become personally exposed as a result of performing their duties in
good faith as an Agent (as defined below) for the Company Group (as defined
below).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Company recognizes that the cost to a director or officer of defending against
lawsuits resulting from the performance of his or her duties in good faith for
the Company Group, whether or not meritorious, is typically beyond the financial
resources of most officers and directors of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">D.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Company recognizes that the legal risks and potential liabilities, and the very
threat thereof, associated with lawsuits filed against the officers and
directors of the Company Group, and the resultant substantial time, expense,
harassment and anxiety spent and endured in defending against such lawsuits,
bears no reasonable or logical relationship to the amount of compensation
received by such officers and directors, and thus poses a significant deterrent
to and results in increased reluctance on the part of experienced and capable
individuals to serve as an Agent of the Company Group.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">E.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In
order to induce and encourage highly experienced and capable persons such as
Indemnitee to serve as an Agent of the Company Group, secure in the knowledge
that certain expenses, costs and liabilities incurred by them in their defense
of such litigation will be borne by the Company and that they will receive the
maximum protection against such risks and liabilities as may be afforded by law,
the Board (as defined below) has determined that entering into this Agreement
with Indemnitee is not only reasonable and prudent but necessary to promote and
ensure the best interests of the Company and the Company&#8217;s
shareholders.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">F.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Company and Indemnitee desire that the indemnification rights provided by this
Agreement shall be supplemental to, and shall not supersede or replace, any
indemnification rights which may be provided by other sources, including without
limitation any indemnification which may be provided by the Company pursuant to
its bylaws, by contract or by applicable law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
THEREFORE, with reference to the foregoing facts, the Company and Indemnitee
hereby agree as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Agreement to
Serve.</font>&#160;&#160;Indemnitee agrees to serve and/or continue to serve as
a director and/or officer of one or more members of the Company Group in the
same capacity or capacities in which Indemnitee is serving on the date hereof
for at least 10 days from the date hereof; <font style="DISPLAY: inline; TEXT-DECORATION: underline">provided</font>, <font style="DISPLAY: inline; TEXT-DECORATION: underline">however</font>, that nothing
contained in this Agreement is intended to or shall create any obligation of any
member of the Company Group to continue to retain Indemnitee as an Agent or to
maintain Indemnitee as a director during such period.</font></div><br>
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      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Definitions.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following terms shall have the meanings set forth below:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Action</font>&#8221; shall mean
any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Agent</font>&#8221; shall mean,
with respect to Indemnitee, Indemnitee in his or her capacity as an officer,
director, employee or agent of the Company Group and in his or her capacity as
an officer, director, employee or agent of any other Entity for which he or she
is serving in such capacity or capacities as the request of the
Company.&#160;&#160;For purposes of this Agreement, if Indemnitee provides
service as an officer, director, employee or agent of any Entity controlled by
the Company or any employee benefit plan of the Company, then Indemnitee shall
be deemed to serve at the request of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Board</font>&#8221; shall mean the
Board of Directors of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company Group</font>&#8221; shall
mean the Company, each subsidiary and parent of the Company, and any successor,
resulting or surviving corporation of the Company or any subsidiary or parent of
such successor, resulting or surviving corporation.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
purposes of this Agreement, references to the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company Group</font>&#8221; shall
include, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger which, if its separate existence had continued, would have had power and
authority to indemnify its Agents, so that if Indemnitee is or was an Agent of
such constituent corporation, or is or was serving at the request of such
constituent corporation as an Agent of another corporation, partnership, joint
venture, trust or other enterprise, Indemnitee shall stand in the same position
under the provisions of this Agreement with respect to the resulting or
surviving corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Entity</font>&#8221; shall mean
any corporation, limited liability company, partnership, joint venture, trust or
other enterprise, and employee benefit plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Expenses</font>&#8221; shall
include costs and expenses, including without limitation attorneys&#8217;
fees.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Fines</font>&#8221; shall include,
in addition to fines, any excise taxes assessed on Indemnitee with respect to an
employee benefit plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
purposes of this Agreement, if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have
acted in a manner &#8220;in the best interests of the Company&#8221; as referred to in this
Agreement.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Indemnification.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">3.1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Third Party
Proceedings</font>.&#160;&#160;The Company shall indemnify Indemnitee if
Indemnitee is or was a party or is threatened to be made a party to any Action
(other than an Action by or in the right of the Company) by reason of the fact
that Indemnitee is or was an Agent against Expenses, judgments, Fines,
settlements and other amounts actually and reasonably incurred by Indemnitee in
connection with such Action if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the best interests of the Company and
its shareholders and, with respect to any criminal Action, had no reasonable
cause to believe Indemnitee&#8217;s conduct was unlawful.&#160;&#160;The termination
of any Action by judgment, order, settlement, conviction, or upon a plea of
<font style="DISPLAY: inline; TEXT-DECORATION: underline">nolo</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">contendere</font> or its
equivalent, shall not, of itself, create a presumption that Indemnitee did not
act in good faith and in a manner which Indemnitee reasonably believed to be in
the best interest of the Company, or with respect to any criminal Action, had
reasonable cause to believe that Indemnitee&#8217;s conduct was unlawful.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">3.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Proceedings By or in the
Right of the Company</font>.&#160;&#160;The Company shall indemnify Indemnitee
if Indemnitee is or was a party or is threatened to be made a party to any
Action by or in the right of the Company to procure a judgment in its favor by
reason of the fact that Indemnitee is or was an Agent against Expenses actually
and reasonably incurred by Indemnitee in defense or settlement of the Action if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to
be in the best interests of the Company and its shareholders.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">3.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Mandatory Payment of
Expenses</font>.&#160;&#160;To the extent that Indemnitee has been successful on
the merits or otherwise in defense of any Action referred to in Section&#160;3.1
or 3.2 or the defense of any claim, issue or matter therein, Indemnitee shall be
indemnified against Expenses actually and reasonably incurred by Indemnitee in
connection therewith.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">3.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Approval for
Settlements</font>.&#160;&#160;The Company shall not be obligated to indemnify
Indemnitee for any settlements entered into by Indemnitee with respect to any
Action unless the Company approves such settlement or the Company unreasonably
withholds such approval following not less than 10 days prior written notice of
the proposed settlement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Expenses; Indemnification
Procedure.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Advancement of
Expenses</font>.&#160;&#160;The Company shall advance all Expenses actually and
reasonably incurred by Indemnitee in connection with the investigation, defense,
or appeal of any Action referenced in Section&#160;3
hereof.&#160;&#160;Indemnitee hereby undertakes to repay such amounts advanced
only if, and to the extent that, it shall ultimately be determined that
Indemnitee is not entitled to be indemnified by the Company as authorized
hereby.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notice to Company by
Indemnitee</font>.&#160;&#160;Indemnitee shall, as a condition precedent to
Indemnitee&#8217;s right to be indemnified under this Agreement, give the Company
notice in writing as soon as practicable of any claim made against Indemnitee
for which such indemnification will or could be sought under this
Agreement.&#160;&#160;Notice to the Company shall be directed to the Chief
Executive Officer of the Company at the executive offices of the
Company&#160;&#160;(unless Indemnitee is the Chief Executive Officer, in which
the notice shall be addressed to the Board of Directors and to the next most
senior officer of the Company).&#160;&#160;In addition, Indemnitee shall give
the Company such information and cooperation as it may reasonably require and as
shall be within Indemnitee&#8217;s power.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Procedure</font>.&#160;&#160;The
Company agrees to provide any indemnification and advances required under this
Agreement no later than 30 days after receipt of the written request of
Indemnitee.&#160;&#160;If a claim for indemnification or advance under this
Agreement is not paid in full by the Company within 30 days after a written
request for payment therefor has first been received by the Company, Indemnitee
may, but need not, at any time thereafter bring an action against the Company to
recover the unpaid amount of the claim.&#160;&#160;It shall be a defense to any
such action (other than an action brought to enforce a claim for expenses
incurred in connection with any Action in advance of its final disposition) that
Indemnitee has not met the standards of conduct which make it permissible under
the applicable law for the Company to indemnify Indemnitee, but the burden of
proving such defense shall be on the Company and Indemnitee shall be entitled to
receive interim payments of expenses pursuant to Section&#160;4.1 unless and
until such defense may be finally adjudicated by court order or judgment from
which no further right of appeal exists.&#160;&#160;It is the intention of the
parties that if the Company contests Indemnitee&#8217;s right to indemnification under
this Agreement or applicable law, the question of Indemnitee&#8217;s right to
indemnification shall be for the court to decide, and neither the failure of the
Company (including its officers, Board, any committee or subgroup of its Board,
independent legal counsel or its shareholders) to have made a determination that
indemnification of Indemnitee is or is not proper in the circumstances because
Indemnitee has or has not met the applicable standard of conduct required by
this Agreement or by applicable law, nor an actual determination by the Company
(including its officers, Board, any committee or subgroup of its Board,
independent legal counsel or its shareholders) that Indemnitee has or has not
met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notice to
Insurers</font>.&#160;&#160;If, at the time of the receipt of a notice of a
claim pursuant to Section 4 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.&#160;&#160;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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.5</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Selection of
Counsel</font>.&#160;&#160;If the Company shall be obligated under Section 3 or
4 hereof to indemnify Indemnitee or advance Expenses to Indemnitee in connection
with any Action, the Company shall be entitled to assume the defense of such
Action, with counsel approved by Indemnitee, upon the delivery to Indemnitee of
written notice of its election so to do.&#160;&#160;After delivery of such
notice, approval of such counsel by Indemnitee and the retention of such counsel
by the Company, the Company will not be liable to Indemnitee under this
Agreement for any fees of counsel subsequently incurred by Indemnitee with
respect to the same Action, provided that (a)&#160;Indemnitee shall have the
right to employ separate counsel in any such Action at Indemnitee&#8217;s expense; and
(b)&#160;if (i)&#160;the employment of counsel by Indemnitee has been previously
authorized by the Company, (ii)&#160;Indemnitee shall have reasonably concluded
that there may be a conflict of interest between the Company and Indemnitee in
the conduct of any such defense, or (iii)&#160;the Company shall not, in fact,
have employed counsel to assume the defense of such Action, then the fees and
expenses of Indemnitee&#8217;s counsel shall be at the expense of the
Company.</font></div><br>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.6</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Effect of Change in
Law</font>.&#160;&#160;Notwithstanding any other provision of this Agreement, in
the event of any change in any applicable law, statute or rule which narrows the
right of the Company to indemnify Indemnitee, such change, to the extent not
otherwise required by such law, statute or rule to be applied to this Agreement,
shall have no effect on this Agreement or the parties&#8217; rights and obligations
hereunder.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">4.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Nonexclusivity</font>.&#160;&#160;The
indemnification provided by this Agreement shall not be deemed exclusive of any
rights to which Indemnitee may be entitled under the Company&#8217;s Certificate of
Incorporation, its Bylaws, any other agreement, any vote of shareholders or
disinterested directors, applicable law, or otherwise, both as to action in
Indemnitee&#8217;s official capacity and as to action in another capacity while
holding such office.&#160;&#160;The indemnification provided under this
Agreement shall continue as to Indemnitee from any action taken or not taken
while serving in an indemnified capacity even though he may have ceased to serve
in such capacity at the time of the Action.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Partial
Indemnification.</font>&#160;&#160;If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of the
Expenses, judgments, Fines, settlements and other amounts actually or reasonably
incurred by Indemnitee in the investigation, defense, appeal or settlement of
any Action, but not, however, for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion of such Expenses, judgments,
settlements, Fines and other amounts to which Indemnitee is
entitled.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Mutual Acknowledgement re Submission
of Claims to Court.</font>&#160;&#160;Both the Company and Indemnitee
acknowledge that in certain instances, Federal or state law, regulation or
applicable public policy may require the Company to submit the question of
indemnification to a court in certain circumstances for a determination of the
Company&#8217;s right under law or public policy to indemnify Indemnitee. For example,
in connection with any public offering of the Company&#8217;s securities, the Company
will have to make such undertaking to the Securities and Exchange
Commission.&#160;&#160;Indemnitee acknowledges and agrees that the Company will
not be in breach of this Agreement for any such submission.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Severability.</font>&#160;&#160;Nothing
in this Agreement is intended to require or shall be construed as requiring the
Company to do or fail to do any act in violation of applicable
law.&#160;&#160;The Company&#8217;s inability, pursuant to law, regulation or court
order, to perform its obligations under this Agreement shall be severable as
provided in this Section&#160;7.&#160;&#160;If this Agreement or any portion
hereof shall be invalidated on any ground by any court of competent
jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the
full extent permitted by any applicable portion of this entire Agreement that
shall not have been invalidated, and the balance of this Agreement not so
invalidated shall be enforceable in accordance with its terms.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Exceptions.</font>&#160;&#160;Any
other provision herein to the contrary notwithstanding, the Company shall not be
obligated pursuant to the terms of this Agreement:</font></div><br>
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</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Claims Initiated by
Indemnitee</font>.&#160;&#160;To indemnify or advance Expenses to Indemnitee
with respect to Actions initiated or brought voluntarily by Indemnitee and not
by way of defense unless the Company has approved the initiation or bringing of
such Action in writing; or</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Lack of Good
Faith</font>.&#160;&#160;To indemnify Indemnitee for any Expenses incurred by
Indemnitee with respect to any Action initiated by Indemnitee to enforce or
interpret this Agreement, if a court of competent jurisdiction determines that
each of the material assertions made by Indemnitee in such Action was not made
in good faith or was frivolous; or</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">No Duplication of
Payments</font>.&#160;&#160;To make any payment in connection with any claim
made against Indemnitee to the extent Indemnitee has otherwise received payment
(under any insurance policy, the Certificate of Incorporation or Bylaws of the
Company, contract or otherwise) of the amounts otherwise indemnifiable
hereunder.&#160;&#160;If the Company makes any indemnification payment to
Indemnitee in connection with any claim made against Indemnitee and Indemnitee
has already received or thereafter receives payments in connection with the same
claim, then Indemnitee shall reimburse the Company in an amount equal to the
lesser of (a)&#160;the amount of the payment otherwise received by Indemnitee
and (b)&#160;the full amount of the indemnification payment made by the
Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Violation of
Law</font>.&#160;&#160;To indemnify or advance Expenses if such indemnification
would be a violation of applicable law or regulation.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.5</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Breach of Employment
Agreement</font>.&#160;&#160;To indemnify or advance Expenses in connection with
any claim by any member of the Company Group for any breach by Indemnitee of any
employment agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.6</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; TEXT-DECORATION: underline">Insured
Claims</font>.&#160;&#160;For expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or
penalties, and amounts paid in settlement) which have been paid directly to
Indemnitee by an insurance carrier under a policy of officers&#8217; and directors&#8217;
liability insurance or other policy of insurance maintained by the
Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.7</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Unlawful
Claims</font>.&#160;&#160;In any manner which is contrary to public policy or
which a court of competent jurisdiction has finally determined to be
unlawful.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8.8</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Failure to Settle
Action</font>.&#160;&#160;For liabilities in excess of the total amount at which
settlement reasonably could have been made, or for any cost and/or expenses
incurred by Indemnitee following the time such settlement reasonably could have
been effected, if Indemnitee shall have unreasonably delayed, refused or failed
to enter into a settlement of any Action (or investigation or appeal thereof)
recommended in good faith, in writing, by the Company and which does not require
the Indemnitee to admit liability or agree to any injunctive
relief.</font></div><br>
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</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">
Directors and Officers</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">
Insurance</font>.&#160;&#160;The Company shall, from time to time, make the good
faith determination whether or not it is practicable for the Company to obtain
and maintain a policy or policies of insurance with reputable insurance
companies providing the directors and officers of the Company with coverage for
losses from wrongful acts, or to ensure the Company&#8217;s performance of its
indemnification obligations under this Agreement.&#160;&#160;Among other
considerations, the Company will weigh the costs of obtaining such insurance
coverage against the protection afforded by such coverage.&#160;&#160;In all
such policies of liability insurance, Indemnitee shall be named as an insured in
such a manner as to provide Indemnitee the same rights and benefits as are
accorded to the most favorably insured of the Company&#8217;s directors, if Indemnitee
is a director; or of the Company&#8217;s officers, if Indemnitee is not an director of
the Company but is an officer. Notwithstanding the foregoing, the Company shall
have no obligation to obtain or maintain such insurance if the Company
determines in good faith that such insurance is not reasonably available, if the
premium costs for such insurance are disproportionate to the amount of coverage
provided, if the coverage provided by such insurance is limited by exclusions so
as to provide an insufficient benefit, or if Indemnitee is covered by similar
insurance maintained by a subsidiary or parent of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Counterparts.</font>&#160;&#160;This
Agreement may be executed in one or more counterparts, each of which shall
constitute an original.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Successors and
Assigns.</font>&#160;&#160;This Agreement shall be binding upon the Company and
its successors and assigns, and shall inure to the benefit of Indemnitee and
Indemnitee&#8217;s estate, heirs, legal representatives and assigns.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Notices.</font>&#160;&#160;All
notices, requests, demands and other communications (collectively, &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notices</font>&#8221;) given
pursuant to this Agreement shall be in writing, and shall be delivered by
personal service, courier, facsimile transmission or by United States first
class, registered or certified mail, postage prepaid, addressed to the party at
the address set forth on the signature page of this Agreement.&#160;&#160;Any
Notice, other than a Notice sent by registered or certified mail, shall be
effective when received; a Notice sent by registered or certified mail, postage
prepaid return receipt requested, shall be effective on the earlier of when
received or the third day following deposit in the United States mails. Any
party may from time to time change its address for further Notices hereunder by
giving notice to the other party in the manner prescribed in this
Section.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Attorneys&#8217; Fees.</font>&#160;&#160;If
any Action is brought to enforce or interpret any provision of this Agreement,
the prevailing party shall be entitled to recover as an element of its costs,
and not its damages, reasonable attorneys&#8217; fees to be fixed by the
court.&#160;&#160;The prevailing party is the party who is entitled to recover
the costs of its Action, whether or not such Action results in a final
judgment.&#160;&#160;A party not entitled to recover its costs of suit may not
recover attorneys&#8217; fees.&#160;&#160;No sum for attorneys&#8217; fees shall be counted
in calculating the amount of a judgment for purposes of determining whether a
party is entitled to recover its costs or attorneys&#8217; fees.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">The
following alternative should be considered</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
Indemnitee institutes an Action under this Agreement to enforce or interpret any
of the terms hereof, Indemnitee shall be entitled to be paid all court costs and
expenses, including reasonable attorneys&#8217; fees, incurred by Indemnitee with
respect to such Action, unless as a part of such Action, the court of competent
jurisdiction determines that all of the material assertions made by Indemnitee
as a basis for such Action were not made in good faith or were
frivolous.&#160;&#160;In the event of an Action instituted by or in the name of
the Company under this Agreement to enforce or interpret any of the terms of
this Agreement, Indemnitee shall be entitled to be paid all court costs and
expenses, including attorneys&#8217; fees, incurred by Indemnitee in defense of such
Action (including with respect to Indemnitee&#8217;s counterclaims and cross-claims
made in such Action), unless as a part of such Action the court determines that
all of Indemnitee&#8217;s material defenses to such Action were made in bad faith or
were frivolous.</font></div><br>
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      </div>
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consents to the jurisdiction of the court of the State of California for all
purposes in connection with any action or proceeding which arises out of or
relates to this Agreement and agrees that any action instituted under this
Agreement shall be brought only in the state courts of the State of California,
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WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first above written.</font></div>
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