DoubleDown Interactive : D&O Indemnification Agreement - Form 6-K

D&O Indemnification Agreement

On September 4, 2023, DoubleDown Interactive Co., Ltd. (the "Company") entered into an Indemnification Agreement (the "Indemnification Agreement") with each of its current executive officers and directors (the "Indemnitees," and each, an "Indemnitee"). The Indemnification Agreement generally provides that each Indemnitee will be indemnified by the Company to the fullest extent permitted by applicable law, and will be entitled to advancement of certain expenses, including certain defense costs, in connection with any action, suit or proceeding, whether threatened or actual, relating to the fact that such Indemnitee is, was, shall be or shall have been (i) an officer, a director and/or an employee of the Company or (ii) serving at another enterprise at the request of the Company; provided that such Indemnitee acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the Company and its stockholders, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. Pursuant to the Indemnification Agreement, the Company's maximum aggregate liability for all loss and expenses on account of any and all requests for indemnity under the Indemnification Agreement or any similar indemnity agreement with any other indemnitee will be $5,000,000 per every 12-month period. The indemnification and other rights of an Indemnitee are also subject to customary covenants and limitations.

The foregoing description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the Indemnification Agreement set forth on Exhibit 10.1 hereto and incorporated by reference herein.

The information contained in this report on Form 6-K, including Exhibit 10.1 hereto, is incorporated by reference into the Company's Registration Statement on Form F-3 (File No. 333-267422), filed with the U.S. Securities and Exchange Commission on September 14, 2022, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit No.		Description
10.1		Form of the Indemnification Agreement, between the Company and each of its executive officers and directors