Exhibit 10.2
INDEMNIFICATION AGREEMENT
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THIS AGREEMENT is made this 13 day of January, 2006, between TELESIS
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TECHNOLOGY CORPORATION, a Florida corporation, doing business as TELESIS
COMMERCIAL PRODUCTS DIVISION, Owner of the business assets located at 0000 00xx
Xx. X., Xxxx X., Xxxxxxxx, XX 00000, Seller, and GLOBAL TECHNOLOGY COMPONENTS,
LLC, a Florida limited liability company, Buyer.
In consideration of the purchase of the business assets of Seller by Buyer,
the Seller agrees to hold Buyer harmless, and to indemnify Buyer, against any
and all claims, liens, debts, taxes, fines, penalties, causes of action and
judgments arising or existing in connection with the business known as "TELESIS
COMMERCIAL PRODUCTS DIVISION", from the inception of the business through the
date of the closing. Included in this indemnification shall be the cost of
reasonable attorneys fees and court costs should they be incurred by Buyer in
their defense against any such claims, liens, debts, taxes, fines, penalties,
causes of action or judgments.
In consideration of the sale of the business assets of Seller to Buyer, the
Buyer agrees to hold Seller harmless, and to indemnify Seller, against any and
all claims, liens, debts, taxes, fines, penalties, causes of action and
judgments arising or existing in connection with the business known as "TELESIS
COMMERCIAL PRODUCTS DIVISION", subsequent to the date of the closing. Included
in this indemnification shall be the cost of reasonable attorneys fees and court
costs should they be incurred by Seller in their defense against any such
claims, liens, debts, taxes, fines, penalties, causes of action or judgments.
TELESIS TECHNOLOGY CORPORATION
/s/ Xxxxxxx Xxxxx /s/ Xxxxx X. Xxxxxxxx
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Witness By: XXXXX X. XXXXXXXX
ITS PRESIDENT
/s/ Xxxxx Xxxxxxxx
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Witness
GLOBAL TECHNOLOGY COMPONENTS, LLC
/s/ Xxxxxxx Xxxxx /s/ Xxxxx X. Xxxxx
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Witness By: XXXXX X. XXXXX
ITS MANAGING MEMBER
/s/ Xxxxx Xxxxxxxx
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Witness
