Document:

28 June 2002

28 June 2002

Private & Confidential

The Directors

Chyron UK Holdings Limited

Pro-Bel Limited

Danehill

Lower Earley

Reading

BERKSHIRE

RG6 4PB

 

We refer to the facility letter dated 16 January 2002  from Barclays Bank Plc setting out the terms and conditions of an  Overdraft facility to Chyron UK Holdings Limited and its subsidiaries.

The Terms and Conditions of the letter are varied as follows:

Amount

The individual sub-limits are amended as follows:

Name of Borrower

Pro-bel Limited sterling current account - 1,500,000 (pounds sterling)

Pro-bel Limited euro account - 500,000 (pounds sterling)

All other terms and conditions remain unchanged.

Acceptance of the amended terms and conditions shall be signified by the Borrower returning to the Bank within 14 days:

a)the  enclosed duplicate of this letter duly signed on the borrower's behalf as evidence of acceptance  of the amended terms and conditions and

b)a certified copy of a resolution  of the Borrower's Board of  Directors

(i)accepting the amended terms and conditions stated.

(ii)Authorising a specified person, or persons, to sign and return to the Bank the duplicate of this Letter.

 

Yours sincerely,

 

 

/s/ David Smith

David Smith  

Associate Director, Business SupportINDEMNIFICATION AGREEMENT

(401(K) PLAN)

 

 

AGREEMENT, made this March 1, 2002, by and between Jerry Kieliszak (hereinafter referred to as "Trustee"), and Chyron Corporation, a New York corporation with its principal offices at 5 Hub Drive, Melville, New York 11747.

WHEREAS, the Trustee has agreed to provide his service to the Chyron Corp. 401(K) Plan, (the "Plan") provided that Chyron Corporation (the "Company") agrees to indemnify and hold it harmless for certain actions or inactions as Trustee; and

WHEREAS, the Company has agreed to indemnify and hold harmless the Trustee for certain actions or inactions as Trustee.

NOW, THEREFORE, the parties agree as follows:

1.To the maximum extent permitted by the Employee Retirement Income Security Act of 1974 and by other applicable Federal or state law, the Trustee shall not be liable for (either jointly or severally), and the Company shall indemnify the Trustee against, and agree to hold the Trustee harmless from, any and all liabilities and claims (including reasonable attorney's fees and expenses in defending against such liabilities and claims) against the Trustee arising from any action or inaction of the Trustee with respect to the Plan, unless such liability or expense results from grossly negligent or willful acts of commission or omission by the Trustee.  The foregoing indemnification also shall apply to all liabilities and claims against the Trustee arising from any breach of fiduciary responsibility by fiduciaries other than Trustee, unless the Trustee participates knowingly in such breach, or has actual knowledge of such breach and fails to take reasonable remedial action to remedy such breach.  The Trustee shall be entitled to collect on the Company's indemnity under this Agreement only from the Company and shall not be entitled to payment directly or indirectly from the Plan.

2.The Trustee shall give the Company prompt written notice of any asserted or potential claim by any party with respect to which the Trustee reasonably expects to assert a claim for indemnification.  The Company shall have the right to defend and control the nature of any action or defense to any such claim or demand which may be asserted against the Trustee for which the Trustee reasonably expects to assert a claim for indemnification.

IN WITNESS WHEREOF, the parties hereto have set their hands and executed this Agreement, effective March 1, 2002.

	 	 	
CHYRON CORPORATION

	 	 	 
	 	 	 
	 	
By:
	
/s/ Robert S. Matlin

	 	 	
Name: Robert S. Matlin, Esq.

	 	 	
Title:   Secretary

	 	 	 
	 	 	 
	 	 	
/s/ Jerry Kieliszak

	 	 	
Name: Jerry KieliszakINDEMNIFICATION AGREEMENT

(401(K) PLAN)

 

 

AGREEMENT, made this October 1, 1997, by and between James M. Paul (hereinafter referred to as "Trustee"), and Chyron Corporation, a New York corporation with its principal offices at 5 Hub Drive, Melville, New York 11747.

WHEREAS, the Trustee has agreed to provide his service to the Chyron Corp. 401(K) Plan, (the "Plan") provided that Chyron Corporation (the "Company") agrees to indemnify and hold it harmless for certain actions or inactions as Trustee; and

WHEREAS, the Company has agreed to indemnify and hold harmless the Trustee for certain actions or inactions as Trustee.

NOW, THEREFORE, the parties agree as follows:

1.To the maximum extent permitted by the Employee Retirement Income Security Act of 1974 and by other applicable Federal or state law, the Trustee shall not be liable for (either jointly or severally), and the Company shall indemnify the Trustee against, and agree to hold the Trustee harmless from, any and all liabilities and claims (including reasonable attorney's fees and expenses in defending against such liabilities and claims) against the Trustee arising from any action or inaction of the Trustee with respect to the Plan, unless such liability or expense results from grossly negligent or willful acts of commission or omission by the Trustee.  The foregoing indemnification also shall apply to all liabilities and claims against the Trustee arising from any breach of fiduciary responsibility by fiduciaries other than Trustee, unless the Trustee participates knowingly in such breach, or has actual knowledge of such breach and fails to take reasonable remedial action to remedy such breach.  The Trustee shall be entitled to collect on the Company's indemnity under this Agreement only from the Company and shall not be entitled to payment directly or indirectly from the Plan.

2.The Trustee shall give the Company prompt written notice of any asserted or potential claim by any party with respect to which the Trustee reasonably expects to assert a claim for indemnification.  The Company shall have the right to defend and control the nature of any action or defense to any such claim or demand which may be asserted against the Trustee for which the Trustee reasonably expects to assert a claim for indemnification.

IN WITNESS WHEREOF, the parties hereto have set their hands and executed this Agreement, effective October 1, 1997.

	 	 	
CHYRON CORPORATION

	 	 	 
	 	 	 
	 	
By:
	
/s/ Robert S. Matlin

	 	 	
Name: Robert S. Matlin, Esq.

	 	 	
Title:   Secretary

	 	 	 
	 	 	 
	 	 	
/s/ James M. Paul

	 	 	
Name: James M. PaulINDEMNIFICATION AGREEMENT

(401(K) PLAN)

 

 

AGREEMENT, made this June 12, 1999, by and between Roger Henderson (hereinafter referred to as "Trustee"), and Chyron Corporation, a New York corporation with its principal offices at 5 Hub Drive, Melville, New York 11747.

WHEREAS, the Trustee has agreed to provide his service to the Chyron Corp. 401(K) Plan, (the "Plan") provided that Chyron Corporation (the "Company") agrees to indemnify and hold it harmless for certain actions or inactions as Trustee; and

WHEREAS, the Company has agreed to indemnify and hold harmless the Trustee for certain actions or inactions as Trustee.

NOW, THEREFORE, the parties agree as follows:

1.To the maximum extent permitted by the Employee Retirement Income Security Act of 1974 and by other applicable Federal or state law, the Trustee shall not be liable for (either jointly or severally), and the Company shall indemnify the Trustee against, and agree to hold the Trustee harmless from, any and all liabilities and claims (including reasonable attorney's fees and expenses in defending against such liabilities and claims) against the Trustee arising from any action or inaction of the Trustee with respect to the Plan, unless such liability or expense results from grossly negligent or willful acts of commission or omission by the Trustee.  The foregoing indemnification also shall apply to all liabilities and claims against the Trustee arising from any breach of fiduciary responsibility by fiduciaries other than Trustee, unless the Trustee participates knowingly in such breach, or has actual knowledge of such breach and fails to take reasonable remedial action to remedy such breach.  The Trustee shall be entitled to collect on the Company's indemnity under this Agreement only from the Company and shall not be entitled to payment directly or indirectly from the Plan.

2.The Trustee shall give the Company prompt written notice of any asserted or potential claim by any party with respect to which the Trustee reasonably expects to assert a claim for indemnification.  The Company shall have the right to defend and control the nature of any action or defense to any such claim or demand which may be asserted against the Trustee for which the Trustee reasonably expects to assert a claim for indemnification.

IN WITNESS WHEREOF, the parties hereto have set their hands and executed this Agreement, effective June 12, 1999.

	 	 	
CHYRON CORPORATION

	 	 	 
	 	 	 
	 	
By:
	
/s/ Robert S. Matlin

	 	 	
Name: Robert S. Matlin, Esq.

	 	 	
Title:   Secretary

	 	 	 
	 	 	 
	 	 	
/s/ Roger Henderson

	 	 	
Name: Roger HendersonINDEMNIFICATION AGREEMENT

(EMPLOYEES' PENSION PLAN)

 

 

AGREEMENT, made this March 1, 2002, by and between Jerry Kieliszak (hereinafter referred to as "Trustee"), and Chyron Corporation, a New York corporation with its principal offices at 5 Hub Drive, Melville, New York 11747.

WHEREAS, the Trustee has agreed to provide his service to the Chyron Corp. Employee's Pension Plan, (the "Plan") provided that Chyron Corporation (the "Company") agrees to indemnify and hold it harmless for certain actions or inactions as Trustee; and

WHEREAS, the Company has agreed to indemnify and hold harmless the Trustee for certain actions or inactions as Trustee.

NOW, THEREFORE, the parties agree as follows:

1.To the maximum extent permitted by the Employee Retirement Income Security Act of 1974 and by other applicable Federal or state law, the Trustee shall not be liable for (either jointly or severally), and the Company shall indemnify the Trustee against, and agree to hold the Trustee harmless from, any and all liabilities and claims (including reasonable attorney's fees and expenses in defending against such liabilities and claims) against the Trustee arising from any action or inaction of the Trustee with respect to the Plan, unless such liability or expense results from grossly negligent or willful acts of commission or omission by the Trustee.  The foregoing indemnification also shall apply to all liabilities and claims against the Trustee arising from any breach of fiduciary responsibility by fiduciaries other than Trustee, unless the Trustee participates knowingly in such breach, or has actual knowledge of such breach and fails to take reasonable remedial action to remedy such breach.  The Trustee shall be entitled to collect on the Company's indemnity under this Agreement only from the Company and shall not be entitled to payment directly or indirectly from the Plan.

2.The Trustee shall give the Company prompt written notice of any asserted or potential claim by any party with respect to which the Trustee reasonably expects to assert a claim for indemnification.  The Company shall have the right to defend and control the nature of any action or defense to any such claim or demand which may be asserted against the Trustee for which the Trustee reasonably expects to assert a claim for indemnification.

IN WITNESS WHEREOF, the parties hereto have set their hands and executed this Agreement, effective March 1, 2002.

	 	 	
CHYRON CORPORATION

	 	 	 
	 	 	 
	 	
By:
	
/s/ Robert S. Matlin

	 	 	
Name: Robert S. Matlin, Esq.

	 	 	
Title:   Secretary

	 	 	 
	 	 	 
	 	 	
/s/ Jerry Kieliszak

	 	 	
Name: Jerry Kieliszak

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