Monday, September 08, 2014 3:19:23 PM
"Furthermore, management plans to enter into agreements to indemnify Solar3D's directors and officers, in addition to the indemnification provided for in Solar3D's bylaws. These agreements, among other things, will indemnify Solar3D's directors and officers for certain expenses (including attorneys' fees), judgments, fines, and settlement amounts incurred by any such person in any action or proceeding, including any action by or in the right of Solar3D, arising out of such person's services as a director or officer of Solar3D, any subsidiary of Solar3D or any other company or enterprise to which the person provides services at the request of Solar3D. We believe that these provisions and agreements are necessary to attract and retain qualified directors and officers. In the future, Solar3D may also purchase an insurance policy to protect our officers and directors from certain liabilities, including liabilities against which we cannot directly indemnify our directors and officers."
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