Document:

Unassociated Document

    MODIFICATION
      AND SETTLEMENT AGREEMENT

     

    This
      Modification and Settlement Agreement (the “Agreement”)
      is
      made and entered into as of this 20TH day of Mardi 2008 by and between
      Indigo-Energy, Inc., a Nevada corporation (the “Company”) and Leo Moore, with
      address at 704 Willow St., Mannington, WV 26583 (the “Creditor” and together
      with the Company, the “Parties”.)

     

    WHEREAS,
      the
      Company previously entered into an agreement with the Creditor pursuant to
      which
      the Company agreed, in consideration for the transfer of such Creditor’s
      interest in the Company, to remit to the Creditor certain amounts, the
      outstanding balance of which is in the amount of $209,500 (the “Debt”), within
      the period provided in such agreement (the “Original Agreement”);

     

    WHEREAS,
      the
      Parties have agreed that it is in all of their interests to modify the terms
      provided under the Original Agreement including those terms relating to the
      payment of the Debt; and

     

    WHEREAS,
      the
      Company has offered and the Creditor have agreed to accept modifications to
      the
      terms and condition provided in the Original Agreement subject to the provisions
      set forth herein.

     

    NOW
      THEREFOR,
      the
      Parties hereto agree as follows:

     

    Section
      1. Release,
      Waiver and Settlement.
      Effective upon the execution of this Agreement and subject to the provisions
      hereof, the Creditor hereby release and waive his respective rights and claims
      to the Debt, and the Parties hereby further release and waive all rights, claims
      and interests that are, or may be available, to them under the Original
      Agreement. The Parties agree that after the execution of this Agreement they
      shaft have no obligations or rights against each other except to the issuance
      of
      the Shares referenced below.

     

    Section
      2. Consideration.
      As
      consideration for the release, waiver and settlement by the Parties’ respective
      rights and interests provided under Original Agreement, the Company hereby
      agrees to remit to the Creditor the amount of Two Hundred Nine Thousand Five
      Hundred Dollars ($209,500) on or before June 30, 2008 payable as five thousand
      dollars ($5,000) on the first day of April, May, and June 2008 and the balance
      by June 30, 2008.

     

    Section
      3. Successor.
      This
      Agreement shall be binding upon and inure to the benefit of the Parties and
      their respective administrators, representatives, executors, successors and
      assigns, either by reason of death, incapacity, merger, consolidation, and/or
      purchase or acquisition of substantially all of the Company’s assets or
      otherwise.

     

    Section
      4. Governing Law. Each Party acknowledges that it has been represented by
      counsel in connection with this Agreement, and has executed the same with
      knowledge of its consequences. This Agreement is made and entered into under
      New
      York law and shall be interpreted, enforced and governed under the laws of
      the
      laws of New York without regard to its conflicts of laws
      principles.

     

    Section
      5. Paragraph
      Headings.
      The
      paragraph headings used in this Agreement are intended solely for convenience
      of
      reference and shall not in any manner amplify, limit, modify or otherwise be
      used in the interpretation of any of the provisions hereof.

     

    Section
      6. Severability.
      Should
      any oldie provisions of this Agreement be declared or be determined to be
      illegal or invalid, the validity of the mining pasts, terms or provisions shall
      not be affected thereby and said we illegal or invalid part, term or provision
      shall be deemed to be a part of this Agreement.

     

    
      
        
        

      

      
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    Section
      7. Entire
      Agreement.
      This
      Agreement sets forth the entire agreement between the Parties, and fully
      supersedes any and all prior agreements or understandings between the Parties
      pertaining to the subject matter hereof including but not limited to the
      Original Agreement. All other contracts, agreements or understandings between
      the Parties are hereby expressly declared to be null and void.

     

    Section
      8. Counterparts.
      This
      Agreement may be executed in counterparts. Each counterpart shall be deemed
      an
      original, and when taken together with the other signed counterpart, shall
      constitute one fully executed Agreement.

     

    Section
      9. Further
      Assurances.
      From
      and after the date hereof, the parties hereto shall take all actions, including
      the execution and delivery of all documents, necessary to effectuate the terms
      hereof.

     

    Section
      10. Survival.
      All
      obligations of the Pasties as set forth herein shall survive the execution
      and
      delivery hereof.

     

    [Remainder
      of Page Intentionally Left Blank)

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      the
      Parties have caused this Agreement to be entered into as of the date first
      written above.

     

    
      	
              CREDITOR:
                

            	 	 	
              THE
                COMPANY: INDIGO-ENERGY, INC.

            
	 	 	 	 
	/s/ Leo
              Moore	 	 	/s/ Steven
              P.
              Durdin
	
              

              Leo
                Moore

              Date: 3/20/08

            	 	 	
              

              By: Steven
                P. Durdin

              Title: President

            
	
            	 	 	
              Date: 3/20/08

            

    

     

     

    
      
         

      

      
        3Unassociated Document

    PROMISSORY
      NOTE- CMC Ill

     

    
      	$380,000 (Three Hundred Eighty Thousand
              Dollars)	 	Dated: January 21, 2008
	Principal Amount	 	State of
              Nevada

    

     

     Funding
      Date-
      On or
      before January 25, 2008

     

    Due
      Date
      of Note
      July 24, 2008

     

    FQR
      VALUE
      RECEIVED, Three Hundred Eighty Thousand Dollars ($380,000), the undersigned,
      Indigo-Energy, Inc., a Nevada Corporation, located at 701 N. Green Valley
      Parkway, Suite 200, Henderson, NV 89074 (Borrowers)
      hereby
      promises to pay to the order of Carr Miller Capital LLC, a Corporation or his
      assigns located at 701 Rt-73 South, Suite 410, Marlton, NJ 08053 (Maker)
      the sum
      of $380,000 (Three Hundred Eighty Thousand Dollars). Said sum shall be paid
      in
      the manner following:

     

    This
      Promissory Note shall bear Interest
      at ten
      percent (10%) per annum from the Funding Date to the Due Date. Interest payments
      shall be paid to Maker at monthly intervals commencing 30 days from Funding
      Date. Borrowers may pre-pay any or all of the Principal Amount without
      penalty.

     

    At
      the
      Due Date Borrower will repay the Note in the following manner:

     

    Borrower
      will repay the Principal Amount along with accrued Interest within 10 days
      of
      the Due Date via check to the Makers address above.

     

    Additionally,
      the Maker shall receive 5 (five) shares of Borrower’s common stock for each
      dollar amount of the Principal Amount within thirty (30) days of disbursement
      of
      the funds, such stock to be restricted by Rule 144 and to be distributed as
      directed by Maker.

     

    Further,
      Borrower shall pay to Maker a one-time administrative fee of six thousand
      dollars ($6,000).

     

    Further,
      Borrower agrees to accept the nomination of two individuals to fill vacancies
      on
      the Board of Directors although election is neither promised or a condition
      of
      funding this Note.

     

    This
      Note
      shall at the option of the Maker be immediately due and payable upon the
      occurrence of any of the following:

     

    1- Breach
      of
      any condition of any of the security interest.

    2- Upon
      the
      insolvency, dissolution, or liquidation of the Borrowers.

     

    
      
        
        

      

      
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    Wire
      Instructions for receipt of funds by Borrower are:

     

    [redacted]

     

    In
      the
      event this note shall be in default, and placed with an attorney for collection,
      then the Borrower agrees to pay all reasonable attorney fees and costs of
      collection, Payments not made within 10 days of due date shall be subject to
      a
      late charge of 10% of said payment. All payments hereunder shall be made to
      the
      Maker.

     

    The
      Borrowers agree to be fully bound hereunder until this note shall be fully
      paid
      and waive demand, presentment and protest and all notices thereto and further
      agrees to remain bound, notwithstanding any extension, renewal, modification,
      waiver, or other indulgence by the Maker or upon the discharge or release of
      the
      Borrowers, or upon the exchange, substitution, or release of any collateral
      granted as security for this Note. No modification or indulgence by Maker shall
      be binding unless in writing, and any indulgence for one occasion shall not
      be
      an indulgence for any other or future occasion. This Note shall take effect
      as a
      sealed instrument and shall be construed, governed, and enforced in accordance
      with the laws of the State of Nevada.

     

    
      	
              Signed
                the date recorded below:

            	 	 	 	 
	 	 	 	 	 
	/s/
Steve
              Durdin	 	 	 	 
	
              Steve
                Durdin, CEO 

              Indigo-Energy,
                Inc.

            	 	
              Date

            	 	 
	 	 	 	 	 
	
              Accepted
                by Maker Carr Miller Capital, LLC,

            	 	 	 	 
	 	 	 	 	 
	/s/
Everett
              Miller 	 	 	 	 
	
              Everett
                Miller, Principal

            	 	
              Date

            	 	
              EIN
                #

            

    

     

     

    
      
         

      

      
        2

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