FORM OF INDEMNIFICATION AND ADVANCEMENT AGREEMENT ENTERED INTO BY SUGAR AUTO PARTS, INC. WITH EACH OF MICHAEL HILL AND BARRETT EVANS, DATED MARCH 12, 2025
APPlife Digital Solutions Inc
FORM OF
INDEMNIFICATION AND ADVANCEMENT AGREEMENT
This Indemnification and Advancement Agreement (“Agreement”) is made as of March 12, 2025, by and between Sugar Auto Parts, Inc., a Nevada corporation (the “Company”), and [●], a member of the Board of Directors or an officer of the Company (“Indemnitee”). This Agreement supersedes and replaces any and all previous Agreements between the Company and Indemnitee covering indemnification and advancement.
RECITALS
WHEREAS, the Board of Directors of the Company (the “Board”) believes that highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers, or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification and advancement of expenses against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation;
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