Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / indemnification-agreement-board-designee-draft.docx
indemnification-agreement-board-designee-draft.docx
Parties
Harkness LLP
Delaware General Corp
Pinnacle Venture Fund II LP
Ridgeline Ventures Fund III LP
Growth Partners Fund II LP
Brindoval Capital Group LLC
Pinnacle Capital Management LLC
Employee Retirement Inc
Dates
June 25, 2022
Amounts
$60,000,000
$10,000,000
Obligations
If Pinnacle shall at any time designate a person other than Marcus Trejo to serve as the Pinnacle Board Designee, the Company shall enter into an indemnification agreement with such successor designee that is substantially identical to this Agreement
This Agreement is intended as a supplement to, and in furtherance of, the indemnification provisions contained in the Company's Certificate of Incorporation and Bylaws and any resolutions heretofore or hereafter adopted by the Board, and shall not be deemed to limit or restrict any rights to indemnification arising thereunder; E
In consideration of Indemnitee's agreement to serve or to continue to serve as a director of the Company, which the Company acknowledges is good and valuable consideration, the Company agrees to indemnify and advance Expenses to Indemnitee on the terms and subject to the conditions set forth in this Agreement, and Indemnitee agrees to serve or to continue to serve as a director of the Company in reliance upon the Company's covenants and agreements set forth herein
As used in this Agreement, the following terms shall have the meanings set forth below: (a) "Affiliate" shall have the meaning ascribed to such term in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended
(b) "Board" shall mean the Board of Directors of the Company
The term "Claim" shall be used interchangeably with the term "Proceeding" throughout this Agreement