INDEMNIFICATION AGREEMENT
This
Indemnification Agreement (the “Agreement”) is made and
entered into by and among CrossPoint Energy, LLC, a limited
liability company formed in Texas (the “Company”),
Daniel F. Collins (“Collins”), Jeffery A. Krakos
(“Krakos”), Rosa L. Collins (“R. Frazier”),
and DeAnn C. Krakos (“D. Krakos”) (Collins, Krakos, R.
Collins and D. Krakos are sometimes collectively referred to herein
as the “Related Parties”).
WHEREAS, Collins
and Krakos are executive officers of the Company and the Related
Parties own equity interests in the Company; and
WHEREAS, Dallas
Operating Company, a Texas corporation (“DOC”), is a
subsidiary of the Company; and
WHEREAS, one or
more of the Related Parties (a) have guaranteed various and sundry
obligations of the Company and DOC (collectively referred to herein
as the “Corporate Obligations”); and (b) may guarantee
future obligations of the Company and/or DOC in connection with the
normal and customary operations of the Company (such future
obligations are collectively referred to herein as the
“Future Obligations”); and
WHEREAS, the
Company desires to indemnify and hold harmless the Related Parties,
and each of them, in connection with both Corporate Obligations and
the Future Obligations; and
WHEREAS, the
parties hereto desire to enter into this Agreement to document the
intentions of the parties concerning certain issues and matters as
herein set forth.
NOW THEREFORE, for
good and valuable consideration, the parties hereto contract and
agree as follows:
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