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Bionova Holding Corporation enters into an indemnity agreement with l, a director and/or officer of the company, to protect against legal risks and potential liabilities resulting from performing duties in good faith. The agreement recognizes the uncertainty of ambiguous statutes, regulations, and court opinions, as well as the vagaries of public policy, which can expose directors and officers to personal liability. The indemnity agreement aims to provide reliable advance knowledge and guidance to directors and officers.
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