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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-08-017967.txt : 20080328
<SEC-HEADER>0001144204-08-017967.hdr.sgml : 20080328
<ACCEPTANCE-DATETIME>20080327175302
ACCESSION NUMBER:		0001144204-08-017967
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20080326
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080328
DATE AS OF CHANGE:		20080327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ever-Glory International Group, Inc.
		CENTRAL INDEX KEY:			0000943184
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				650548697
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28806
		FILM NUMBER:		08716153

	BUSINESS ADDRESS:	
		STREET 1:		100 N. BARRANCA AVE.
		STREET 2:		#810
		CITY:			WEST COVINA
		STATE:			CA
		ZIP:			91791
		BUSINESS PHONE:		626-839-9116

	MAIL ADDRESS:	
		STREET 1:		100 N. BARRANCA AVE.
		STREET 2:		#810
		CITY:			WEST COVINA
		STATE:			CA
		ZIP:			91791

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ever-glory international group, inc.
		DATE OF NAME CHANGE:	20051121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANDEAN DEVELOPMENT CORP
		DATE OF NAME CHANGE:	19950329
</SEC-HEADER>
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<TYPE>8-K
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        AND EXCHANGE COMMISSION </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
        D.C. 20549 </strong></font></div>
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        8-K </strong></font></div>
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          <hr style="COLOR: black" align="center" noshade size="1" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>EVER-GLORY
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        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (see General Instruction A.2. below): </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        March
        26, 2008, the board of directors determined that it was in the best interest
        of
        the registrant to provide its directors with certain indemnification rights
        and
        privileges in connection with their service as directors in order to attract
        and
        retain the most qualified individuals to serve on the board, and unanimously
        approved a form of indemnification agreement for its directors. Also on March
        26, 2008, the registrant Ever-Glory International Group, inc. (the &#8220;Company&#8221;)
        entered into indemnification agreements with directors Kang Yihua, Sun Jiajun,
        Zhang Zhixue, Qi Changyu and Bennet P. Tchaikovsky. A form of the agreement
        is
        included as Exhibit 10.26 of this current report on Form 8-K. Under the terms
        of
        the indemnification agreement, the Company has agreed to provide its directors
        with indemnification for expenses they may incur in the event of any action
        or
        proceeding involving these individuals while acting as a director or officer
        of
        the Company. The agreement also set forth terms and conditions of
        indemnification, such as the advancement of expenses, procedures for handling
        claims and settlements, and other related matters. </font></div>
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        Officers; Compensatory Arrangements of Certain Officers</strong></font></div>
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        March 26, 2008, Guo Yan voluntarily resigned as directors on the board of
        directors of Ever-Glory International Group, Inc. (the &#8220;Company&#8221;). The decision
        by Ms. Yan to resign from the board of directors was not the result of any
        disagreement with the Company on any matter relating to the Company&#8217;s
        operations, policies or practices. Ms. Yan is presently the Chief Financial
        Officer of the Company, and will continue to serve in this position.
</font></div>
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        of Independent Director and Majority Independent Board</em></font></div>
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        effective March 26, 2008, the board of directors of the Company appointed
        Mr.
        Zhixue Zhang to fill the vacancy created by the resignation of Ms. Guo Yan.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Based
        upon information submitted to the Board by Mr. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Zhang</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        the
        board of directors has determined that Mr. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Zhang
        is</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;independent&#8221;
        under the listing standards of both the American Stock Exchange and the NASD
        Marketplace Rules. Mr. Zhang has not participated in the preparation of the
        Company&#8217;s financial statements or any current subsidiary at any time during the
        past three years, and is able to read and understand financial statements.
        </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
        entered into a letter agreement with Mr. Zhang regarding the terms of his
        service as a director, a form of which was included as Exhibit 10.25 to our
        8-K
        filed on March 19, 2008. Under our agreement with Mr. Zhang, he will be entitled
        to receive annual compensation of $5,000 for his services rendered as a member
        of the board, in accordance with the compensation guidelines established
        by the
        board of directors for non-employee directors. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Zhang&#8217;s annual compensation will be paid in the form of a number of shares of
        the Company&#8217;s restricted common stock having an aggregate value equal to the
        annual compensation, as determined by the average per share closing prices
        of
        the Company&#8217;s common stock as quoted on the OTC Bulletin Board or national
        exchange, as applicable, for the five trading days leading up to and including
        the last trading date of the second quarter of the year for which compensation
        is being paid. </font></div>
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        compensation, in the form of shares, shall be issued and paid semi-annually,
        within 30 days following the end of the second quarter (beginning with the
        second quarter of 2008), and within 30 days after the end of the fourth quarter,
        of each calendar year. This compensation will be pro rated daily (based on
        a 360
        day year) for any portion of the year during which a director serves. As
        an
        independent director, Mr. Zhang will also be eligible for reimbursement of
        all
        travel and other reasonable expenses relating to his attendance of board
        meetings performance of duties. Except for the acceptance letter agreement
        between the Company and Mr. Zhang which contains certain terms under which
        Mr.
        Zhang will serve as a director, there is no arrangement or understanding
        between
        Mr. Zhang and any other persons, pursuant to which Mr. Zhang was selected
        as a
        director.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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        the appointment of Mr. Zhang as a third independent director on a five-member
        board, the Company now has a majority of independent directors on its board.
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        Zhang
        will serve as a member of the Audit Committee and the Compensation Committee
        of
        the board of directors. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        Zhang
        is a professor of Organizational Management at Peking University, and has
        held
        this position since 2001. Mr. Zhang has over fifteen years of experience
        in the
        fields of organizational psychology, management and organizational culture
        as it
        relates to conducting business within China and with Chinese businesses.
        From
        August 2006 to June 2007, he was a Freeman Fellow at the University of Illinois
        at Urbana-Champaign. From September 2001 to March 2002, he was a visiting
        scholar at the Kellogg School of Management at Northwestern University. Mr.
        Zhang holds a Ph.D. from the University of Hong Kong, and a M.Sc. from Beijing
        Normal University, and a B.Sc. from Henan University.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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        9.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                  Number</strong></font></div>
              </td>
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              <td width="50%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form
                  of Indemnification Agreement</font></div>
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              <td width="50%">&#160;</td>
              <td width="50%">&#160;</td>
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                  Release dated March 27, 2008</font></div>
              </td>
            </tr>

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        has
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        undersigned hereunto duly authorized. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EVER-GLORY
                  INTERNATIONAL GROUP, INC.</font></div>
              </td>
            </tr>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Dated:
                March 27, 2008</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Kang
                  Yihua</font></div>
              </td>
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                <hr style="COLOR: black" align="left" noshade size="2" width="80%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Kang
                  Yihua</font></div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                  Executive Officer</font></div>
              </td>
            </tr>

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<DOCUMENT>
<TYPE>EX-10.26
<SEQUENCE>2
<FILENAME>v108289_ex10-26.htm
<TEXT>
<html>
  <head>
    <title>
      Unassociated Document
</title><!-- Licensed to: VF-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INDEMNIFICATION
        AGREEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THIS
        AGREEMENT is entered into, effective as of March __, 2008 by and between
        Ever-Glory International Group, Inc., a Florida corporation (the &#8220;Company&#8221;), and
        ___________________ (&#8220;Indemnitee&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
        it is essential to the Company to retain and attract as directors and officers
        the most capable persons available; </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
        Indemnitee is a director of the Company; and</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
        in recognition of Indemnitee&#8217;s need for substantial protection against personal
        liability in order to enhance Indemnitee&#8217;s continued and effective service to
        the Company, and in order to induce Indemnitee to provide services to the
        Company as a director, the Company wishes to provide in this Agreement for
        the
        indemnification of and the advancing of expenses to Indemnitee to the fullest
        extent (whether partial or complete) permitted by the laws of the Company&#8217;s
        state of incorporation and as set forth in this Agreement, and, to the extent
        insurance is maintained, for the coverage of Indemnitee under the Company&#8217;s
        directors&#8217; and officers&#8217; liability insurance policies.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
        THEREFORE, in consideration of the above premises and of Indemnitee&#8217;s continuing
        to serve the Company directly or, at its request, with another enterprise,
        and
        intending to be legally bound hereby, the parties agree as follows:</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Certain
        Definitions</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Board</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        the Board of Directors of the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Change
        in Control</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
shall
        be deemed to have occurred if (i) any &#8220;person&#8221; (as such term is used in Sections
        13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Act&#8221;)),
        other than a trustee or other fiduciary holding securities under an employee
        benefit plan of the Company or a corporation owned directly or indirectly
        by the
        stockholders of the Company in substantially the same proportions as their
        ownership of stock of the Company (collectively &#8220;excluded persons&#8221;), is or
        becomes the &#8220;Beneficial Owner&#8221; (as defined in Rule 13d-3 under the Act),
        directly or indirectly, of securities of the Company representing 30% or
        more of
        the total voting power represented by the Company&#8217;s then outstanding Voting
        Securities, or (ii) during any period of two consecutive years, individuals
        who
        at the beginning of such period constitute the Board and any new director
        whose
        election by the Board or nomination for election by the Company&#8217;s stockholders
        was approved by a vote of at least two-thirds (2/3) of the directors then
        still
        in office who either were directors at the beginning of the period or whose
        election or nomination for election was previously so approved, cease for
        any
        reason to constitute a majority of the Board, or (iii) the stockholders of
        the
        Company approve a merger or consolidation of the Company with any other
        corporation, other than a merger or consolidation that would result in the
        Voting Securities of the Company outstanding immediately prior thereto
        continuing to represent (either by remaining outstanding or by being converted
        into Voting Securities of the surviving entity) at least 50% of the total
        voting
        power represented by the Voting Securities of the Company or such surviving
        entity outstanding immediately after such merger or consolidation, or (iv)
        the
        stockholders of the Company approve a plan of complete liquidation of the
        Company or an agreement for the sale or disposition by the Company (in one
        transaction or a series of transactions) of all or substantially all of the
        Company&#8217;s assets.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Expenses</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        any expense, liability, or loss, including attorneys&#8217; fees, judgments, fines,
        amounts paid or to be paid in settlement, any interest, assessments, or other
        charges imposed thereon, and any federal, state, local, or foreign taxes
        imposes
        as a result of the actual or deemed receipt of any payments under this
        Agreement, paid or incurred in connection with investigating, defending,
        being a
        witness in, or participating in (including on appeal), or preparing for any
        of
        the foregoing in, any Proceeding relating to any Indemnifiable
        Event.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Indemnifiable
        Event</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        any event or occurrence that takes place either prior to or after the effective
        date of this Agreement, related to the fact that Indemnitee is or was a director
        or an officer (if the Indemnitee should be appointed as an officer) of the
        Company, or while a director or officer is or was serving at the request
        of the
        Company as a director, officer, employee, trustee, agent, or fiduciary of
        another foreign or domestic corporation, partnership, joint venture, employee
        benefit plan, trust, or other enterprise, or was a director, officer, employee,
        or agent of a foreign or domestic corporation that was a predecessor corporation
        of the Company or of another enterprise at the request of such predecessor
        corporation, or related to anything done or not done by Indemnitee in any
        such
        capacity.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -8.95pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Independent
        Counsel</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        the person or body appointed in connection with Section 3.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Potential
        Change in Control</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
shall
        be deemed to have occurred if (i) the Company enters into an agreement or
        arrangement, the consummation of which would result in the occurrence of
        a
        Change in Control, (ii) any person (including the Company) publicly announces
        an
        intention to take or to consider taking actions that, if consummated, would
        constitute a Change in Control, (iii) any person (other than an excluded
        Person)
        who is or becomes the Beneficial Owner, directly or indirectly, of securities
        of
        the Company representing 10% or more of the combined voting power of the
        Company&#8217;s then outstanding Voting Securities, increases his beneficial ownership
        of such securities by 5% or more over the percentage so owned by such person
        on
        the date hereof, or (iv) the Board adopts a resolution to the effect that,
        for
        purposes of this Agreement, a Potential Change in Control has
        occurred.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Proceeding</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        (i) any threatened, pending, or complete action, suit, or proceeding, whether
        civil, criminal, administrative, investigative, or other, or (ii) any inquiry,
        hearing, or investigation, whether conducted by the Company or any other
        party,
        that Indemnitee in good faith believes might lead to the institution of any
        such
        action, or proceeding.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Reviewing
        Party</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
means
        the person or body appointed in accordance with Section 3 of this
        Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Voting
        Securities</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;
any
        securities of the Company that vote generally in the election of
        directors.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Agreement
        to Indemnify</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>General
        Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        In the
        event Indemnitee was, is, or become a party to or witness or other participant
        in, or is threatened to be made a party to or witness or other participant
        in, a
        Proceeding by reason of (or arising in part out of) an Indemnifiable Event,
        the
        Company shall indemnify Indemnitee from and against any and all Expenses
        to the
        fullest extent permitted by law, as the same exists or may hereafter be amended
        or interpreted (but in the case of any such amendment or interpretation,
        only to
        the extent that such amendment or interpretation permits the Company to provide
        broader indemnification rights than were permitted prior thereto). The parties
        hereto intend that this Agreement shall provide for indemnification in excess
        of
        that expressly permitted by statute, including, without limitation, any
        indemnification provided by the Company&#8217;s Articles of Incorporation as amended,
        its bylaws as amended, vote of its stockholders or disinterested directors,
        or
        applicable law.</font></div>
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        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Initiation
        of Proceeding</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Notwithstanding anything in this Agreement to the contrary, Indemnitee shall
        not
        be entitled to indemnification pursuant to this Agreement in connection with
        any
        Proceeding initiated by Indemnitee against the Company or any director or
        officer of the Company unless (i) the Company has joined in or the Board
        has
        consented to the initiation of such Proceeding, (ii) the Proceeding is one
        to
        enforce indemnification rights under Section 5, or (iii) the Proceeding is
        instituted after a Change in Control and Independent Counsel has approved
        its
        initiation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Expense
        Advances</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        If so
        requested by Indemnitee, the Company shall advance (within ten business days
        of
        such request) any and all Expenses to Indemnitee (an &#8220;Expense Advance&#8221;);
        provided that such request shall be accompanied by reasonable evidence of
        the
        expenses incurred by Indemnitee and that, if and to the extent that the
        Reviewing Party determines that Indemnitee would not be permitted to be so
        indemnified under applicable law, the Company shall be entitled to be reimbursed
        by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
        theretofore paid. If Indemnitee has commenced legal proceedings in a court
        of
        competent jurisdiction to secure a determination that Indemnitee should be
        indemnified under applicable law, as provided in Section 4, any determination
        made by the Reviewing Party that Indemnitee would not be permitted to be
        indemnified under applicable law shall not be binding and Indemnitee shall
        not
        be required to reimburse the Company for any Expense Advance until a final
        judicial determination is made with respect thereto (as to which all rights
        of
        appeal therefrom have been exhausted or have lapsed). </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 18pt">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Mandatory
        Indemnification</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Notwithstanding any other provision of this Agreement (other than Section
        2(f)
        below), to the extent that Indemnitee has been successful on the merits in
        defense of any Proceeding relating in whole or in part to an Indemnifiable
        Event
        or in defense of any issue or matter therein, Indemnitee shall be indemnified
        against all Expenses incurred in connection therewith. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Partial
        Indemnification</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        If
        Indemnitee is entitled under any provision of this Agreement to indemnification
        by the Company for some or a portion of Expenses, but not, however, for the
        total amount thereof, the Company shall nevertheless indemnify Indemnitee
        for
        the portion thereof to which Indemnitee is entitled.</font></div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Prohibited
        Indemnification</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        No
        indemnification pursuant to this Agreement shall be paid by the Company on
        account of any Proceeding in which judgment is rendered against Indemnitee
        for
        an accounting of profits made from the purchase or sale by Indemnitee of
        securities of the Company pursuant to the provisions of Section 16(b) of
        the Act
        or similar provisions of any federal, state or local laws.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Reviewing
        Party</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Prior
        to any Change in Control, the Reviewing Party shall be any appropriate person
        or
        body consisting of a member or members of the Board or any other person or
        body
        appointed by the Board who is not a party to the particular Proceeding with
        respect to which Indemnitee is seeking indemnification; after a Change in
        Control, the Reviewing Party shall be the Independent Counsel referred to
        below.
        With respect to all matters arising after a Change in Control (other than
        a
        Change in Control approved by a majority of the directors on the Board who
        were
        directors immediately prior to such Change in Control) concerning the rights
        of
        Indemnitee to indemnity payments and Expense Advances under this Agreement
        or
        any other agreement or under applicable law or the Company&#8217;s Articles of
        Incorporation as amended or bylaws now or hereafter in effect relating to
        indemnification for Indemnifiable Events, the Company shall seek legal advice
        only from Independent Counsel selected by Indemnitee and approved by the
        Company
        and who has not otherwise performed services for the Company or the Indemnitee
        (other than in connection with indemnification matters) within the last five
        years. The Independent Counsel shall not include any person who, under the
        applicable standards of professional conduct then prevailing would have a
        conflict of interest in representing either the Company or Indemnitee in
        an
        action to determine Indemnitee&#8217;s rights under this Agreement. Such counsel,
        among other things, shall render its written opinion to the Company and
        Indemnitee as to whether and to what extent the Indemnitee should be permitted
        to be indemnified under applicable law. The Company agrees to pay the reasonable
        fees of the Independent Counsel and to indemnify fully such counsel against
        any
        and all expenses (including attorney&#8217;s fees), claims, liabilities, loss, and
        damages arising out of or relating to this Agreement or the engagement of
        Independent Counsel pursuant hereto.</font></div>
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          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Indemnification
        Process and Appeal</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Suit
        To Enforce Rights</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Regardless of any action by the Reviewing Party, if Indemnitee has not received
        full indemnification within 60 days after making a request in accordance
        with
        Section 2(c), Indemnitee shall have the right to enforce its indemnification
        rights under this Agreement by commencing litigation, in any appropriate
        court
        having subject matter jurisdiction thereof and in which venue is proper,
        seeking
        an initial determination by the court or challenging any determination by
        the
        Reviewing Party or any aspect thereof, provided, however, that such 60-day
        period shall be extended for reasonable time, not to exceed another 60 days,
        if
        the reviewing party in good faith requires additional time for the obtaining
        or
        evaluating of documentation and information relating thereto. The Company
        hereby
        consents to service of process and to appear in any such proceeding. Any
        determination by the Reviewing Party not challenged by the Indemnitee shall
        be
        binding on the Company and Indemnitee. The remedy provided for in this Section
        4
        shall be in addition to any other remedies available to Indemnitee in law
        or
        equity.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Defense
        to Indemnification, Burden of Proof, and Presumptions</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        It
        shall be a defense to any action brought by Indemnitee against the Company
        to
        enforce this Agreement (other than an action brought to enforce a claim for
        Expenses incurred in defending a Proceeding in advance of its final disposition
        where the required undertaking has been tendered to the Company) that is
        not
        permissible under applicable law for the Company to indemnify Indemnitee
        for the
        amount claimed. In connection with any such action or any determination by
        the
        Reviewing Party or otherwise as to whether Indemnitee is entitled to be
        indemnified hereunder, the burden of proving such a defense or determination
        shall be on the Company. Neither the failure of the Reviewing Party or the
        Company (including its Board, independent legal counsel, or its stockholders)
        to
        have made a determination prior to the commencement of such action by Indemnitee
        that indemnification of the claimant is proper under the circumstances because
        Indemnitee has met the standard of conduct set forth in applicable law, nor
        an
        actual determination by the Reviewing Party or Company (including its Board,
        independent legal counsel, or its stockholders) that the Indemnitee had not
        met
        such applicable standard of conduct, shall be a defense to the action or
        create
        a presumption that the Indemnitee has not met the applicable standard of
        conduct. For purposes of this Agreement, the termination of any claim, action,
        suit, or proceeding, by judgment, order, settlement (whether with or without
        court approval), conviction, or upon a plea of nolo contendere, or its
        equivalent shall not create a presumption that Indemnitee did not meet any
        particular standard of conduct or have any particular belief or that a court
        has
        determined that indemnification is not permitted by applicable law.
</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Indemnification
        For Expenses Incurred In Enforcing Rights</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Company shall indemnify Indemnitee against any and all Expenses and, if
        requested by Indemnitee, shall (within ten business days of such request),
        advance such Expenses to Indemnitee, that are incurred by Indemnitee in
        connection with any claim asserted against or covered action brought by
        Indemnitee for (i) indemnification of Expenses or Expense Advances by the
        Company under this Agreement or any other agreement or under applicable law
        or
        the Company&#8217;s Articles of Incorporation as amended, or bylaws now or hereafter
        in effect relating to indemnification for Indemnifiable Events, and or (ii)
        recovery under directors&#8217; and officers&#8217; liability insurance policies maintained
        by the Company, regardless of whether Indemnitee ultimately is determined
        to be
        entitled to such indemnification, Expense Advances, or insurance recovery,
        as
        the case may be.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Notification
        and Defense of Proceeding</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Notice</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Promptly after receipt by Indemnitee of notice of the commencement of any
        Proceeding, Indemnitee shall, if a claim in respect thereof is to be made
        against the Company under this Agreement, notify the Company of the commencement
        thereof, but the omission so to notify the Company will not relieve the Company
        from any liability that it may have to Indemnitee, except as provided in
        Section
        6(c).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Defense</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        With
        respect to any Proceeding as to which Indemnitee notifies the Company of
        the
        commencement thereof, the Company shall be entitled to participate in the
        Proceeding at its own expense and except as otherwise provided below, to
        the
        extent the Company so wishes, it may assume the defense thereof with counsel
        reasonably satisfactory to Indemnitee. After notice from the Company to
        Indemnitee of its election to assume the defense of any Proceeding, the Company
        shall not be liable to Indemnitee under this Agreement or otherwise for any
        Expenses subsequently incurred by Indemnitee in connection with the defense
        of
        such Proceeding other than reasonable costs of investigation or as otherwise
        provided below. Indemnitee shall have the right to employ his or her own
        legal
        counsel in such Proceeding, but all Expenses related thereto incurred after
        notice from the Company of its assumption of the defense shall be at
        Indemnitee&#8217;s expense unless: (i) the employment of legal counsel by Indemnitee
        has been authorized by the Company, (ii) Indemnitee has reasonably determined
        that there may be a conflict of interest between Indemnitee and the Company
        in
        the defense of the Proceeding, (iii) after a Change in Control, the employment
        of counsel by Indemnitee has been approved by the Independent Counsel, or
        (iv)
        the Company shall not in fact have employed counsel to assume the defense
        of
        such Proceeding, in each of which case all Expenses of the Proceeding shall
        be
        borne by the Company. The Company shall not be entitled to assume the defense
        of
        any Proceeding brought by or on behalf of the Company or as to which Indemnitee
        shall have made the determination provided for in (ii) above.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Settlement
        of Claims</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Company shall not be liable to indemnify Indemnitee under this Agreement
        or
        otherwise for any amounts paid in settlement of any Proceeding effected without
        the Company&#8217;s written consent, provided, however, that if a Change in Control
        has occurred, the Company shall be liable for indemnification of Indemnitee
        for
        amounts paid in settlement if the Independent Counsel has approved the
        settlement. The Company shall not settle any Proceeding in any manner that
        would
        impose any penalty or limitation on Indemnitee without Indemnitee&#8217;s written
        consent. The Company shall not be liable to indemnify the Indemnitee under
        this
        Agreement with regard to any judicial award if the Company was not given
        a
        reasonable and timely opportunity, at its expense, to participate in the
        defense
        of such action; the Company&#8217;s liability hereunder shall not be excused if
        participation in the Proceeding by the Company was barred by this
        Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Non-Exclusivity</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        rights of Indemnitee hereunder shall be in addition to any other rights
        Indemnitee may have under the Company&#8217;s Articles of Incorporation as amended,
        bylaws, applicable law, or otherwise. To the extent that a change in applicable
        law (whether by statute or judicial decision) permits greater indemnification
        by
        agreement than would be afforded currently under the Company&#8217;s Articles of
        Incorporation as amended, bylaws, applicable law, or this Agreement, it is
        the
        intent of the parties that Indemnitee enjoy by this Agreement the greater
        benefits so afforded by such change. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Liability
        Insurance</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        To the
        extent the Company maintains an insurance policy or policies providing
        directors&#8217; and officers&#8217; liability insurance, Indemnitee shall be covered by
        such policy or policies, in accordance with its or their terms, to the maximum
        extent of the coverage available for any Company director or
        officer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Amendment
        of this Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        No
        supplement, modification, or amendment of this Agreement shall be binding
        unless
        executed in writing by both of the parties hereto. No waiver of any of the
        provisions of this Agreement shall operate as a waiver of any other provisions
        hereof (whether or not similar), nor shall such waiver constitute a continuing
        waiver. Except as specifically provided herein, no failure to exercise or
        any
        delay in exercising any right or remedy hereunder shall constitute a waiver
        thereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Subrogation</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        In the
        event of payment under this Agreement, the Company shall be</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">subrogated
        to the extent of such payment to all of the rights of recovery of Indemnitee,
        who shall execute all documents required and shall do everything that may
        be
        necessary to secure such rights, including the execution of such documents
        necessary to enable the Company effectively to bring suit to enforce such
        rights.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>No
        Duplication Of Payments</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Company shall not be liable under this Agreement to make any payment in
        connection with any claim made against Indemnitee to the extent Indemnitee
        has
        otherwise received payment (under any insurance policy, bylaw, or otherwise)
        of
        the amounts otherwise indemnifiable hereunder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Binding
        Effect</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Agreement shall be binding upon and inure to the benefit of and be enforceable
        by the parties hereto and their respective successors (including any direct
        or
        indirect successor by purchase, merger, consolidation, or otherwise to all
        or
        substantially all of the business and/or assets of the Company), assigns,
        spouses, heirs, and personal and legal representatives. The indemnification
        provided under this Agreement shall continue as to Indemnitee for any action
        taken or not taken while serving in an indemnified capacity pertaining to
        an
        Indemnifiable Event even though he or she may have ceased to serve in such
        capacity at the time of any Proceeding.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Severability</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        If any
        provision (or portion thereof) of this Agreement shall be held by a court
        of
        competent jurisdiction to be invalid, void, or otherwise unenforceable, the
        remaining provisions shall remain enforceable to the fullest extent permitted
        by
        law. Furthermore, to the fullest extent possible, the provisions of this
        Agreement (including, without limitation, each portion of this Agreement
        containing any provision held to be invalid, void, or otherwise unenforceable,
        that is not itself invalid, void, or unenforceable) shall be construed so
        as to
        give effect to the intent manifested by the provision held invalid, void,
        or
        unenforceable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Governing
        Law</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Agreement shall be governed by and construed and enforced in accordance with
        the
        laws of the state of incorporation of the Company applicable to contracts
        made
        and to be performed in such state without giving effect to the principles
        of
        conflicts of laws.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Notices</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        All
        notices, demands, and other communications required or permitted</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">hereunder
        shall be made in writing and shall be deemed to have been duly given if
        delivered by hand, against receipt, or mailed, postage prepaid, certified
        or
        registered mail, return receipt requested, and addressed to the Company
        at:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ever-Glory
        International Group, Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">100
        N.
        Barranca Ave., #810</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">West
        Covina, California 91791</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attn:
        Chief Executive Officer</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notice
        of
        change of address shall be effective only when given in accordance with this
        Section. All notices complying with this Section shall be deemed to have
        been
        received on the date of delivery or on the third business day after
        mailing.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 27pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Counterparts</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Agreement may be executed in one or more counterparts, each of which shall
        be
        deemed an original, but all of which together shall constitute one and the
        same
        instrument.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Remainder
        of Page Left Blank Intentionally</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">]</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">7</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
        WITNESS WHEREOF, the parties hereto have duly executed and delivered this
        Indemnification Agreement as of the day specified above.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMPANY:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td colspan="2">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EVER-GLORY
                  INTERNATIONAL GROUP, INC.</font></div>
              </td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td>&#160;</td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
              <td>&#160;</td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="FONT-FAMILY: " size="1">&#160;</font></td>
              <td align="left">
                <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Kang
                Yihua</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Chief
                Executive Officer</font></td>
            </tr>

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<DOCUMENT>
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      Unassociated Document
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    <div>&#160;</div>
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            <td width="100%"><IMG SRC="evgy.jpg"></td>
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    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <tr bgcolor="white">
              <td width="50%"><font size="2">Contact:</font></td>
              <td width="50%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="50%"><font size="2">Ever-Glory International Group, Inc</font></td>
              <td width="50%"><font size="2">CCG Elite Investor Relations</font></td>
            </tr>
            <tr bgcolor="white">
              <td width="50%"><font size="2">Emily Guo, Chief Financial
                Executive</font></td>
              <td width="50%"><font size="2">Crocker Coulson, President</font></td>
            </tr>
            <tr bgcolor="white">
              <td width="50%"><font size="2">Phone: +86-25-52096222<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
              <td width="50%"><font size="2">Phone: +1-646-213-1915 (New
                York)</font></td>
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              <td width="50%"><font size="2">Email: <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>emily@ever-glory.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
              <td width="50%"><font size="2">Email: <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">crocker.coulson@ccgir.com</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font></td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>For
        Immediate Release</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Ever-Glory
        Appoints Independent Director, </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Strengthens
        Corporate Governance</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Nanjing,
        China - March 27, 2008</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        - The
        Board of Directors of Ever-Glory International Group, Inc. (OTCBB: EVGY)
        (&#8220;Ever-Glory,&#8221; the &#8220;Company&#8221;), a leading apparel manufacturer in the People's
        Republic of China (&#8220;PRC&#8221;), today announced that Mr. Zhi-Xue Zhang has been
        appointed as an independent director of the Company, effective March 26,
        2008.
        Mr. Zhang replaces Ms. Emily Yan Guo, who voluntarily stepped down from the
        Board of Directors, effective March 26, 2008. She will continue as the Company&#8217;s
        Chief Financial Officer, a position she has held since 2005.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;We
        are
        pleased to welcome Mr. Zhang as an independent director to our board of
        directors. His role as an expert in management and organizational theory
        will be
        quite valuable as we continue to evolve as a public company,&#8221; said Mr. Edward
        Yihua K</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ang,
        Chairman and Chief Executive Officer of Ever-Glory.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;With
        the addition of Mr. Zhang, our board of directors now has a majority of
        independent directors, and this will serve to further support our intended
        transition to a senior U.S. exchange.&#8221;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;It
        is a
        great honor to join the Board of Directors of an organization with such strong
        growth opportunities and sound fundamentals,&#8221; said Mr. Zhang. &#8220;I look forward to
        working closely with Mr. Kang and the rest of the Board to help Ever-Glory
        achieve its ambitious growth strategy.&#8221;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Zhang
        will serve as Chairman of the Company&#8217;s newly formed Compensation Committee and
        as a member of the newly formed Audit Committee. He has more than 15 years
        of
        experience in teaching and in the study of psychology and organizational
        management and has served as an associate professor at Peking University
        since
        August 2001. He </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">was
        a
        Freeman Fellow at the University of Illinois at Urbana-Champaign from August
        2006 to June 2007, and he was a visiting scholar at Northwestern University&#8217;s
        Kellogg School of Management from September 2001 through March 2002.
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Zhang
        received a Ph.D. in Social Psychology from the University of Hong Kong in
        1998,
        an M.S. in Psychology from Beijing Normal University in 1991 and a B.S. in
        School Education from Henan University in 1988. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company previously announced the appointments of independent directors Bennet
        P.
        Tchaikovsky and Changyu Qi on March 14. The total number of directors is
        now
        five, of whom three are independent. In conjunction with the appointments,
        the
        Board of Directors also established the Audit and Compensation
        Committees.</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">1</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
        Ever-Glory International Group, Inc.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ever-Glory
        International Group (OTCBB: EVGY) is a U.S. publicly-traded company engaged
        in
        international garment manufacturing for well-known middle- to high-grade
        casual,
        outer, and sportswear brands. The Company's U.S. headquarters is in Los Angeles,
        California, although Ever-Glory also has three subsidiaries, Goldenway Nanjing
        Garments Co. Ltd., Nanjing New-Tailun Garments Co, Ltd. and Nanjing Catch-Luck
        Garments Co., Ltd. Ever-Glory has strategic business partners in countries
        including China, Japan, Europe and the U.S. The Company cooperates with branded
        retail chains that are widely known in their respective markets. In 2007,
        57% of
        the company&#8217;s total sales revenue came from customers in Europe, 16% from Japan,
        21% from the United States and 6% from within China. For more information
        about
        Ever-Glory International Group, please visit: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>http://www.everglorygroup.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Safe
        Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
        This press release contains certain "forward-looking statements," as defined
        in
        the United States Private Securities Litigation Reform Act of 1995, that
        involve
        a number of risks and uncertainties. There can be no assurance that such
        statements will prove to be accurate and the actual results and future events
        could differ materially from management's current expectations. Such factors
        include, but are not limited to the company&#8217;s ability to accurately complete
        product orders, coordinate product design with its customers, ability to
        expand
        and grow its distribution channels, political and economic factors in the
        People&#8217;s Republic of China, the company&#8217;s ability to find attractive acquisition
        candidates </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>and/or
        joint venture partners, the performance of third parties with whom the company
        does business, dependence on a limited number of larger
        customers</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>
        and
        other factors detailed from time to time in the Company's filings with the
        United States Securities and Exchange Commission and other regulatory
        authorities. The company undertakes no obligation to publicly update or revise
        any forward-looking statements, whether as a result of new information, future
        events or otherwise.</em></font></div>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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