Letter of Indemnity

This document is a template letter of indemnity, governed by Cyprus law, customarily requested from shareholders (or ultimate beneficial owners, as applicable) of Cyprus private companies by, and for the benefit of, corporate administration service providers who act as local directors, secretary, bank signatory or nominee shareholders of such companies, as applicable.  This particular draft is quite elaborate . It purports to create a legally binding and enforceable obligations of the issuer to indemnify the beneficiary service provider against all and any liability that may arise in connection to the subject matter company.

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