Form Of Indemnification Agreement

The Company`s Board of Directors found that the company`s inability to retain and attract the most qualified persons as directors and accountability would be detrimental to the interests of the corporation and that, therefore, the company should endeavour to assure these individuals that compensation and insurance coverage will be available in the future. A compensation agreement is often used when two parties enter into an agreement, where there is a potential risk of loss or recourse when the agreement is executed. Before moving to a rented apartment, a landlord can ask the tenant to sign a compensation clause in the tenancy agreement. This would protect the landlord from loss or damage to the property. (i) to pay these expenses in the name of Indemnitee or (ii) to reimburse the compensation for these expenses. Subject to the limitations of points 2 (c) and 2 (d) above, the right to compensate for a charge advance is absolute and is not subject to a prior finding by the reviewer or another person that freedom has met any applicable standard of conduct in compensation. 16. Engagement effect, etc. This agreement binds the parties and their respective successors (including a direct or indirect beneficiary by purchase, merger, consolidation or other for any or, essentially, all companies and/or assets of the company), the beneficiaries of the transfer, the spouses, the heirs, the executors and the personal and legal agents, and may be imposed by these parties and their respective representatives. The company obliges and instructs each successor (directly or indirectly by purchase, merger, consolidation or otherwise) to all or the essentials of the company and/or the assets of the company, by a written agreement of form and content satisfactory to Indemnitee and its lawyer, to expressly agree and agree to execute this agreement in the same manner and to the extent that the company would be required to perform if no succession had taken place. This agreement applies regardless of whether Indemnitee continues to perform its duties as an officer and/or director of the company or any other company or company at the request of the company. (c) Notwithstanding the contrary provisions of this agreement, the injury has no right to compensate or receive the costs covered by this agreement in connection with a claim initiated by Entsonnitee, unless the company is a member or the board of directors of the companies has authorized or accepted the opening of such a right, or (ii) the right is a right to assert the compensation rights of this agreement.