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INDEMNIFICATION
AGREEMENT
INDEMNIFICATION AGREEMENT,
effective as of execution date, (the
“Effective Date”) between enherent Corp., with offices
and a principal place of business at 192 Lexington Avenue, New
York, New York 10016 (“Company”) and _______________, a
non-employee Director of the Company with an address at
_________________________________
(“Director”).
WHEREAS, the Company wishes to retain the Director as a
non-employee Director.
WHEREAS, the Director wishes to serve on the
Company’s Board of Directors as a non-employee Director on
the terms and conditions set forth herein.
NOW
THEREFORE, in
consideration of the promises and mutual covenants and agreements
contained herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
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1.
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Company, at its sole cost and
expense, shall maintain directors’ and officers’
liability insurance coverage in an aggregate amount of no less than
$5,000,000, in customary form, which policy shall benefit the
Director.
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2.
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Provided the Director gives Company
notice within ten (10) business days
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