{"id":40778,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/director-indemnity-agreement-china-broadband-corp-and-matthew.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"director-indemnity-agreement-china-broadband-corp-and-matthew","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/corporate\/director-indemnity-agreement-china-broadband-corp-and-matthew.html","title":{"rendered":"Director Indemnity Agreement &#8211; China Broadband Corp. and Matthew Heysel"},"content":{"rendered":"<pre>  THIS DIRECTOR'S INDEMNITY IS MADE EFFECTIVE AS OF THE 29TH DAY OF JUNE, 2001.\n\n\nBETWEEN:\n\n\n                              CHINA BROADBAND CORP.\n                        (herein called the \"Corporation\")\n\n                                                               OF THE FIRST PART\n\n                                     - and -\n\n                                 MATTHEW HEYSEL\n                         (herein called the \"Director\")\n\n                                                              OF THE SECOND PART\n\n\nWHEREAS the Director has, at the request of the Corporation agreed to continue\nto act as director on the condition that the Corporation shall indemnify the\nDirector in the manner hereinafter described;\n\nIN CONSIDERATION of the Director acting as director of the Corporation at the\nrequest of the Corporation and other good and valuable consideration, the\nreceipt and sufficiency of which is hereby acknowledged, the parties agree as\nfollows:\n\n1.       The Corporation does hereby indemnify and hold harmless the Director,\n         his heirs and legal representatives against all costs, charges, losses,\n         expenses and claims whatsoever arising out of or in any way incidental\n         to the Director holding or having held office as Director of the\n         Corporation and any and all acts or omissions of the Director while\n         acting or purporting to act in such capacity and, without limitation,\n         and in particular from and against any and all damages, costs,\n         liabilities, charges or expenses arising from the claims set forth in\n         Alberta Court of Queen's Bench Action #0101-07232 and any claims\n         arising from, or related to, the purchase of shares of the Corporation\n         by Michael Lauer, The Orbiter Fund Ltd., The Viator Fund Ltd., Lancer\n         Offshore Inc., Lancer Partners Limited Partnership (collectively the\n         \"Lancer Group\"), and any parties related to the Lancer Group.\n\n2.       The Corporation agrees that the Director is not obliged to take any\n         action or exhaust his recourse against the Corporation or seek recovery\n         under any Director's liability insurance which may be in force from\n         time to time, before requiring or being entitled to payment from the\n         Corporation of all amounts for which the Director is hereby\n         indemnified.\n\n\n\n\n\n                                      -2-\n\n\n3.       If any provision contained in this Director's Indemnity should be held\n         to be invalid or contrary to law, the remaining provisions hereof shall\n         nevertheless be and shall be deemed to be valid and binding on the\n         Corporation.\n\n4.       This  Director's  Indemnity  shall be  construed  and  interpreted  in \n         accordance  with and governed by the laws of the Province of Alberta, \n         Canada.\n\n5.       This Director's Indemnity may be executed in several counterparts, each\n         of which when so executed shall be deemed to be an original and such\n         counterparts shall constitute one and the same instrument and\n         notwithstanding the date of execution shall be deemed to bear that date\n         as first above written. A facsimile transcribed copy of this Director's\n         Indemnity signed by any party hereto in counterpart, shall be deemed to\n         be and shall constitute a properly executed, delivered and binding\n         document of the parties so signing, notwithstanding the actual date of\n         execution. Each of the parties hereto further agree to promptly return\n         an original duly executed counterpart of this Director's Indemnity\n         following the delivery of the facsimile transcribed copy thereof.\n\n\n\nIN WITNESS WHEREOF the parties hereto have executed this Director's Indemnity,\nto be effective as of the date first above written.\n\n                              CHINA BROADBAND CORP.\n\n                              By: \/S\/ THOMAS MILNE\n\n\n\/S\/ MITZI MURRAY                 \/S\/ MATTHEW HEYSEL\nWitness:                         MATTHEW HEYSEL\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7079],"corporate_contracts_industries":[9517],"corporate_contracts_types":[9553,9557],"class_list":["post-40778","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-china-broadband-corp","corporate_contracts_industries-telecommunications__other","corporate_contracts_types-corporate","corporate_contracts_types-corporate__indemn"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40778"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40778"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40778"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}