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Breaking News:Suzanne Present Files Indemnification Agreement* [After] the Closing Bell [Friday]

November 14, 2008 – Comments (4) | RELATED TICKERS: CBS , GKNT , YHOO

SourceForge (NASDAQ:LNUX)'s largest controlling shareholder via Gladwyne et al, and recently appointed Board Director Suzanne Present files an SEC Form 8-K after the closing bell on Friday November 14th as SourceForge (NASDAQ) plunges another 6.1% to $0.77/share and within $0.04 cash/share (including long-term investments).

Q?: What is Suzanne Present up to?

* Form 8-K for SOURCEFORGE, INC

14-Nov-2008

Entry into a Material Definitive Agreement

Suzanne M. Present Indemnification Agreement

On September 22, 2008, SourceForge, Inc.'s ("Company") Board of Directors ("Board") approved entry into an indemnification agreement between the Company and Suzanne M. Present, following her appointment as director to the Board, effective September 22, 2008. Ms. Present and the Company executed the indemnification agreement on November 14, 2008. The terms of the indemnification agreement are substantially similar to the form of indemnification agreement that the Company previously entered into with certain of its officers and directors. The Company's form of indemnification agreement was filed as Exhibit 10.1 to its Registration Statement on Form S-1, as amended (SEC File No.: 333-88687), and is incorporated herein by reference.