Exhibit 10.6
INDEMNIFICATION AGREEMENT
THIS AGREEMENT is made as of this _______ day of n, n,
B E T W E E N:
VILLAGE FARMS INTERNATIONAL, INC., a corporation existing under the Business Corporations Act (Ontario)
(the “Corporation”)
- and -
n [Name of director/officer]
(the “Indemnified Party”)
RECITALS:
NOW THEREFOREin consideration of the sum of $1.00 now given by the Indemnified Party to the Corporation, and of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:
Sections 2.1and 2.2are referred to in this Agreement as the “Standards of Conduct”.
in which event the Corporation agrees to pay the reasonable fees and disbursements of such counsel.
[Signature page follows.]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
VILLAGE FARMS INTERNATIONAL, INC. | |
by: | |
Name: Stephen C. Ruffini | |
Title: Executive Vice-President and | |
[Insert name of applicable Director/Officer here] |
[Signature page to Director/Officer Indemnity Agreement of VFF]