HUDSON & CO.
(Once a copy of the Deed has been printed and completed please E-mail or fax it to Hudson & Co., contact details are included at the bottom of this page).
THIS DEED is made the
(hereinafter collectively called “the Promoters” which expression shall where the context so admits include their respective assigns) on the one part
(hereinafter collectively called “the Officers”) of the other part
WHEREAS the Promoters have requested the Officers to act as the Officers of
(hereinafter referred to as “the Company”) and upon the Promoters giving such joint and several indemnity as is herein contained the Officers have agreed so to act
NOW THIS DEED WITNESSES THAT in pursuance of the said agreement and in consideration of the premises, the Promoters hereby jointly and severally covenant with the Officers that so long as they act as Officers of the Company, the Promoters will at all times hereafter hold harmless and fully indemnified the Officers and their personal representatives and estates from and against all actions suits proceedings claims demands costs expenses and outgoings whatsoever which may be taken or made or sought from or against the Officers or their personal representatives, or incurred or become payable by the Officers or their personal representatives by reason or in consequence of holding any office and/or directorship in the Company by the Officers as aforesaid, or of any act or thing done or omitted as such Officers of the Company or by reason or in consequence of acting upon any recommendations received from the Promoters or their respective agents in relation to the premises AND it is expressly agreed as follows:-
(a) The expression “the Officers” shall include any additional, alternate, successor or acting Officers appointed by the Officers (whether or not with the consent of the Promoters), and the Promoters shall if requested execute a further deed or deeds from time to time jointly and severally indemnifying any such Officers or additional, alternate, successor or acting Officers, to the full extent of and against all the matters set out in this deed.
(b) The Officers may act upon recommendations of any one or more of the Promoters, any partner director or officer thereof (where a firm or company) and any agent or sub-agent thereof acting within the scope of his actual or implied authority, and the Promoters shall ratify and confirm whatever the Officers may do or cause to be done or omitted in accordance with such recommendations.
IN WITNESS WHEREOF the parties have executed this deed on the date first above written.
|SIGNED SEALED AND DELIVERED by the||)|
|in the presence of:||)|
|THE COMMON SEAL of ………………………..||)|
|was here duly||)|
|affixed by authority of its Board in the||)|
HUDSON & CO.,
Barristers, Solicitors & Notary,
First Floor, Lolam House,
Lini Highway, P.O. Box 7, Port Vila.
Telephone: (678) 22166 Facsimile: (678) 24260
E-mail: [email protected]