EX-10.4
FDCTECH, INC.
SIDE LETTER — D&O INSURANCE CONDITION
FDCTech, Inc. / Dena Lauren Decker
This Side Letter is entered into as of the Execution Date by and between FDCTECH, INC., a Delaware corporation (the “Company”), and Dena Lauren Decker (the “Director”), and supplements that certain Board of Directors Agreement of even date between them (the “Agreement”). Capitalized terms used and not defined herein have the meanings given in the Agreement.
WHEREAS, Section VII(c) of the Agreement requires the Company to obtain and maintain D&O Insurance satisfying the requirements of that Section prior to or contemporaneously with the Execution Date, and Section V-A(b)(iv) contains a representation that the D&O Insurance policies, binders, applications, endorsements and exclusions have been furnished to the Director; and
WHEREAS, such policies have not been furnished to the Director as of the Execution Date, and the parties wish to record the basis on which the Director is nonetheless willing to execute the Agreement;
NOW THEREFORE, the parties agree as follows:
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