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INDEMNIFICATION
AGREEMENT
This
INDEMNIFICATION AGREEMENT (this “Indemnification
Agreement” ) dated as of the 1 st day of December, 2005 is entered into by and
between Spark Networks plc (the “Company” ) and
Joe Y. Shapira, an individual ( “Employee”
).
WHEREAS ,
Employee serves as Executive Chairman of the Board;
WHEREAS ,
in connection with Employee’s service to the Company,
Employee was granted options to purchase 2,000,000 ordinary shares
of the Company (the “Options” );
WHEREAS ,
on date even herewith Employee exercised the Options;
and
WHEREAS ,
Employee desires to indemnify and hold harmless the Company with
respect to certain obligations the Company may have to withhold
federal, state or local taxes that may be imposed on Employee with
respect of the exercise of the Options.
NOW,
THEREFORE , in consideration of the foregoing, and other good
and valuable consideration, the receipt and sufficiency of which is
acknowledged, and intending to be legally bound hereby, the parties
hereto agree as follows:
1.
Indemnification . Employee will indemnify and pay to
the Company within ten (10) days of written notice by the Company,
any taxes (including income, employment or other
withholdin
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