**Exhibit 10.16**INDEMNIFICATION AGREEMENT     This Indemnification Agreement (this “Agreement”) is made as of this 13th day ofNovember, 2007 by and between Morgan Capital LLC (“Morgan Capital”) and Coleman Cable,Inc., a Delaware corporation (“Coleman Cable”).     WHEREAS, David Bistricer, is a member of the Board of Directors of Coleman Cable and ownsMorgan Capital, a company engaged in the real estate business (the “Employees”);     WHEREAS, the Employees formerly purchased health insurance for themselves and their dependents(the “Participants”) from Coleman Cable’s insurance carrier at the same rates paid byColeman Cable employees at no additional cost to Coleman Cable;     WHEREAS, on July 1, 2007, Coleman Cable revised its health insurance arrangements so that itwould self-insure its employees’ health coverage subject to a policy providing catastrophic healthcoverage in the event the claim of any employee exceeded $40,000 in any year;     WHEREAS, the Participants became part of the self insurance arrangement;     WHEREAS, Morgan Capital became aware of the self-insurance arrangement on November 8, 2007;     WHEREAS, Morgan Capital is now attempting to obtain separate insurance arrangements for theParticipants and expects that these arrangements will be in place by December 31, 2007, if notsooner;     WHEREAS, in recognition of Coleman Cable’s need for protection against liability related tothe participation of the Participants in Coleman Cable’s self insurance arrangement, Morgan Capitalhas agreed to indemnify Coleman Cable for any liabilities, costs or claims in excess of premiums itpays to Coleman Cable relating to the Participants, as well as for any administrative expensesrelating to the participation of the Participants (the “Excess Amounts”); and     WHEREAS, Coleman Cable expects that the maximum liability to Morgan Capital under the selfinsurance arrangement shall be $40,000 for each Participants, plus up to $2,000 per monthin the aggregate in administrative fees.     NOW THEREFORE, in consideration of the mutually dependent covenants set forth herein, and forsuch other consideration, the sufficiency of which is hereby acknowledged, Morgan Capital andColeman Cable hereby agree as follows:     1. Indemnification. Morgan Capital agrees to indemnify, defend and hold harmlessColeman Cable, and each of its subsidiaries, affiliates, officers and directors, from and againstany Excess Amounts, as well any other expenses or liabilities arising out of any Excess Amounts
 

 
or relating to the participation of the Participants in Coleman Cable’s self insurancearrangements.     2. Return of Premiums. At such time as Morgan Capital obtains separate insurancearrangements and all Participants cease to be a part of Coleman Cable’s self insurance arrangement,Coleman Cable shall return to Morgan Capital any amounts by which premiums paid to Coleman Cableexceeded liabilities, costs, claims paid and administrative fees.     3. Counterparts. This Agreement may be executed in one or more counterparts, each ofwhich shall constitute an original.     4. Successors and Assigns. This Agreement shall be binding upon Morgan Capital andits successors and assigns, and shall inure to the benefit of Coleman Cable and its successors andassigns.     5. Consent to Jurisdiction. Morgan Capital and Coleman Cable each hereby irrevocablyconsent to the jurisdiction of the courts of the State of Delaware for all purposes in connectionwith any action or proceeding which arises out of or relates to this Agreement and agree that anyaction instituted under this Agreement shall be brought only in the state courts of the State ofDelaware.     6. Choice of Law. This Agreement shall be governed by and its provisions construedin accordance with the laws of the State of Delaware.     7. Amendment and Termination. No amendment, modification, termination orcancellation of this Agreement shall be effective unless it is in writing signed by both of theparties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shallconstitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiverconstitute a continuing waiver.     8. Integration and Entire Agreement. This Agreement sets forth the entireunderstanding between the parties hereto and supersedes and merges all previous written and oralnegotiations, commitments, understandings and agreements relating to the subject matter hereofbetween the parties hereto.[signature page follows]
 

 
     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first abovewritten.      COLEMAN CABLE, INC.