Glossary

Indemnification Agreement for Directors and Officers

The Indemnification Agreement gives strong protections to the directors and officers of the Company in the event they are sued in their capacity as representatives of the Company. Only directors and executive officers should receive an Indemnification Agreement. There is mandatory indemnification provided in the Charter and Bylaws (including advancement of expenses) that covers all other employees, consultants and agents of the company so there is no need to provide them with a separate agreement.