ContractIndemnification Agreement • August 13th, 2002 • Alphanet Solutions Inc • Wholesale-computers & peripheral equipment & software • New Jersey
INDEMNIFICATION AGREEMENT THIS AGREEMENTis made and entered into as of the 31st day of July, 2002, by and among ALPHANET SOLUTIONS, INC., a New Jersey corporation (the “Corporation”), RICHARD G. ERICKSON (“Erickson”) and NEW ENGLAND ASSOCIATES, LLC (“New England Associates”) (Erickson and New England Associates being hereinafter collectively referred to as “Indemnitee”). WHEREAS, effective March 15, 2002, the Corporation retained Erickson to serve as Chief Executive Officer of the Corporation through New England Associates, a professional services turnaround consultantcy of which he is president; and WHEREAS, effective May 1, 2002, Erickson was elected President of the Corporation and is currently a nominee for election as a Director of the Corporation; and WHEREAS, the New Jersey Business Corporation Act and the Corporation’s By-Laws provide that indemnification of the Directors and Officers of the Corporation may be authorized by agreement, and thereby contemplate that contracts of t
