Exhibit 10.8
INDEMNITY AGREEMENT/HOLD HARMLESS AGREEMENT
The undersigned does hereby irrevocably covenant, promise and agree to indemnify
the corporate officers and directors: Xxxxx Xxxxxxxx, Xxxxx X. Xxxxxx, Xxxxxx
Xxxxxxx and Xxxxxxx X. Xxxxxxx and to hold them harmless from and against any
all losses, claims, expense, suits, costs, demands, damage or liabilities, joint
or several, of whatever kind or nature which they may sustain or to which they
may become subject arising out of or relating in any way to Innovative Software
Technologies, Inc. and its subsidiaries, including without limitation in each
case attorneys' fees, costs and expenses actually incurred in defending against
or enforcing any such losses, claims, expenses suits, damages or liabilities.
By signing below, the undersigned, as an officer of Indemnitor, represents and
warrants that this Indemnity Agreement has been authorized and approved by the
Board of Directors of Indemnitor, by resolution duly and properly adopted, and
that the undersigned has authority to execute this instrument on behalf of the
Company.
DATED this 17 day of August, 2001.
/s/ D. Xxxxx Xxxxxxx
By: Innovative Software Technologies, Inc.
Xxxxxxx Xxxxx Xxxxxxx
It's President
