Indemnification of Consultant. The Company hereby agrees to indemnify and hold harmless the Consultant and its present and future officers, directors, affiliates, employees and agents ("Indemnified Parties") to the fullest extent permitted by law. The Company further agrees to reimburse the Indemnified Parties on a monthly basis for any cost of defending any action or investigation (including attorneys' fees and expenses), subject to an undertaking from such Indemnified Party to repay the Company if such party is determined not to be entitled to such indemnity.
Appears in 2 contracts
Samples: Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)
Indemnification of Consultant. The Company Corporation hereby agrees to indemnify and hold harmless the Consultant and its present and future officers, directors, affiliates, employees and agents ("Indemnified Parties") to the fullest extent permitted by law. The Company Corporation further agrees to reimburse the Indemnified Parties on a monthly basis for any cost of defending any action or investigation (including attorneys' fees and expenses), subject to an undertaking from such Indemnified Party to repay the Company Corporation if such party is determined not to be entitled to such indemnity.
Appears in 2 contracts
Samples: Consulting Agreement (World Internetworks Inc), Consulting Agreement (Thane International Inc)