Document:

exv10w1

Exhibit 10.1

READY MIX, INC.

OFFICER/DIRECTOR INDEMNIFICATION AGREEMENT

     THIS AGREEMENT (“Agreement”) is entered into and effective this 6th day of April, 2009
(“Effective Date”), by and between Ready Mix, Inc., a Nevada corporation (“Corporation”), and David
Doty (the “Indemnified Party”).

     WHEREAS, the Board of Directors of the Corporation has determined that it is in the best
interest of the Corporation and its shareholders to agree to indemnify the Indemnified Party (who
is a director and/or officer of the Corporation) from and against certain liabilities for actions
taken by him during the performance of his tasks for the Corporation.

     NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt, adequacy and sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:

     1. Indemnification. The Corporation shall indemnify and hold harmless, to the fullest
extent permitted by applicable law as it presently exists or may hereafter be amended, the
Indemnified Party, if the Indemnified Party was or is made or is threatened to be made a party or a
witness or is otherwise involved in any action, suit, arbitration, alternative dispute resolution
mechanism or proceeding, whether civil, criminal, administrative or investigative (any of the
foregoing being referred to as a “Proceeding”), by reason of the fact that the Indemnified Party,
or a person for whom the Indemnified Party is the legal representative, is or was a director or
officer of the Corporation or, while a director or officer of the Corporation, is or was serving at
the request of the Corporation as a director, officer, employee or agent (a director, officer,
employee or agent is referred to as an “Indemnified Position”) of another corporate entity or of a
partnership, joint venture, trust, limited liability company enterprise or any other type of entity
(an “Other Entity”), including service with respect to employee benefit plans, against all claims,
demands, debts, duties, liabilities, judgments, fines and amounts paid in settlement and expenses
(including attorneys’ fees and expenses) actually and reasonably incurred by the Indemnified Party
in connection with the investigation, defense, negotiation and settlement of any such Proceeding
(including an action by or in the right of the Corporation) to which the Indemnified Party is or
becomes a party, or is threatened to be made a party, by reason of the fact that the Indemnified
Party is in an Indemnified Position with the Corporation or of any Other Entity. Nothwithstanding
the foregoing, no change in Nevada law shall have the effect of reducing the benefits available to
the Indemnified Party hereunder based on Nevada law as in effect on the Effective Date. For the
avoidance of doubt, this Agreement shall apply to the entire period of the Indemnified Party’s
service in an Indemnified Position.

     2. Limitations on Indemnity. No indemnity pursuant to this Agreement shall be made by
the Corporation:

 

 

	 	(a)	 	For the amount of such losses for which the Indemnified Party is indemnified
pursuant to any insurance purchased and maintained by the Corporation; or
	 
	 	(b)	 	If the Indemnified Party is liable pursuant to NRS 78.138; or
	 
	 	(c)	 	On account of any suit in which judgment is rendered against the Indemnified
Party for an accounting of profits made (i) for an improper personal profit without
full and fair disclosure to the Corporation of all material conflicts of interest and
not approved thereof by a majority of the disinterested members of the Board of
Directors of the Corporation; or (ii) from the purchase or sale by the Indemnified
Party of securities of the Corporation pursuant to the provisions of Section 16(b) of
the Securities Exchange Act of 1934 and amendments thereto or similar provisions of
any federal, state or local law; or
	 
	 	(d)	 	If it is established by clear and convincing evidence that the Indemnified
Party did not act in good faith and in a manner in which the Indemnified Party
reasonably believed to be in or not opposed to the best interests of the Corporation
or the Other Entity, as the case may be, and, with respect to any criminal action or
Proceeding, in which the Indemnified Party had no reasonable cause to believe the
Indemnified Party’s conduct was unlawful; or
	 
	 	(e)	 	If a final decision by a court having jurisdiction in the matter shall
determine that such indemnification is not lawful; or
	 
	 	(f)	 	In connection with a Proceeding (or part thereof) commenced by the
Indemnified Party if the commencement of the Proceeding (or part thereof) by the
Indemnified Person was not authorized by the Board of Directors of the Corporation.

     The termination of any action, suit or Proceeding by judgment, order, settlement, conviction
or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that
the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the corporation, or that, with
respect to any criminal action or Proceeding, he had reasonable cause to believe that his conduct
was unlawful.

     3. Court-Ordered Indemnification. Nothwithstanding any other provision of this
Agreement, a court of appropriate jurisdiction, upon application of the Indemnified Party and such
notice as the court shall require, may order indemnification if it determines that the Indemnified
Party is fairly and reasonably entitled to indemnification in view of all the relevant
circumstances, whether or not the Indemnified Party (i) has met the standards of conduct set forth
under Nevada law or (ii) has been adjudged liable for receipt of an improper personal benefit under
Nevada law, in which case the court may order such indemnification as the court shall deem proper.

     4. Continuation of Indemnity. All obligations of the Corporation contained in this
Agreement shall continue during the period the Indemnified Party is in an
Indemnified Position and thereafter so long as the Indemnified Party shall be subject to

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any
possible claim or threatened, pending or completed Proceeding, by reason of the fact that the
Indemnified Party was in an Indemnified Position for the Corporation or any Other Entity.

     5. Notification and Defense of Claim. Promptly after receipt by the Indemnified Party
of notice of any claim or any threatened, pending or completed Proceeding, in which the Indemnified
Party has a right to indemnification hereunder, the Indemnified Party will notify the Corporation
of the commencement thereof; provided, however, that the failure to give any such notice shall not
disqualify the Indemnified Party from the right, or otherwise affect in any manner any right of the
Indemnified Party, to indemnification or the advance of expenses under this Agreement unless the
Corporation’s ability to defend in such claim or action or to obtain proceeds under any insurance
policy is materially and adversely prejudiced thereby, and then only to the extent the Corporation
is thereby actually so prejudiced. With respect to any such Proceeding as to which the Indemnified
Party notifies the Corporation of the commencement thereof:

	 	(a)	 	The Corporation will be entitled to participate therein at its own expense;
and
	 
	 	(b)	 	Except as otherwise provided below, to the extent that it may wish, the
Corporation jointly with any other indemnifying party will be entitled to assume the
defense thereof, with counsel satisfactory to the Indemnified Party. After notice
from the Corporation to the Indemnified Party of its election to assume the defense
thereof, the Corporation will not be liable to the Indemnified Party under this
Agreement for any legal or other expenses subsequently incurred by the Indemnified
Party in connection with the defense thereof other than reasonable costs of
investigation or as otherwise provided below. The Indemnified Party shall have the
right to employ counsel in such Proceeding, but the fees and expenses of such counsel
incurred after notice from the Corporation of its assumption of the defense thereof
shall be at the expense of the Indemnified Party , unless (i) the employment of
counsel by the Indemnified Party has been authorized by the Corporation, (ii) the
Indemnified Party shall have reasonably concluded that there may be a conflict of
interest between the Corporation and the Indemnified Party in the conduct of the
defense of such action, (iii) the Corporation shall not in fact have employed counsel
to assume the defense of such action, in each of which cases the fees and expenses of
counsel shall be at the expense of the Corporation, or (iv) unless the Indemnified
Party reasonably and in good faith asserts defenses and theories of defense not
asserted by the Corporation. The Corporation shall not be entitled to assume the
defense of any Proceeding brought by or on behalf of the Corporation or as to which
the Indemnified Party shall have made the conclusion provided for in (ii) or (iv)
above.
	 
	 	(c)	 	The Corporation shall not be liable to indemnify the Indemnified Party under
this Agreement for any amounts paid in settlement of any action or claim effected
without the Corporation’s written consent. The Corporation

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	 	 	 	shall not settle any
action or claim without the Indemnified Party’s written consent, unless the settlement
includes a full release of the Indemnified Party from all liability in respect of such
action or claim. Neither the Corporation or the Indemnified Party will unreasonably
withhold their consent to any proposed settlement.

     6. Payment of Expenses. The Corporation shall pay the expenses (including attorneys’
fees) incurred by the Indemnified Party in defending any Proceeding in advance of its final
disposition, provided, however, that, to the extent required by applicable law, such payment of
expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of
an undertaking by the Indemnified Party to repay all amounts advanced if it should be ultimately
determined that the Indemnified Party is not entitled to be indemnified under this Agreement or
otherwise.

     7. Enforcement.

	 	(a)	 	The Corporation expressly confirms and agrees that it has entered into this
Agreement and assumed the obligations imposed on the Corporation hereby in order to
induce the Indemnified Party to serve in an Indemnified Position for the Corporation
or an Other Entity, and acknowledges that the Indemnified Party is relying upon this
Agreement as part of the consideration for so acting.
	 
	 	(b)	 	In the event the Indemnified Party is required to bring any action to enforce
rights or to collect moneys due under this Agreement and is successful in such action,
the Corporation shall reimburse the Indemnified Party for all of the Indemnified
Party’s reasonable attorneys’ and other fees and expenses in bringing and pursuing
such action.
	 
	 	(c)	 	If a claim for indemnification or advancement of expenses under this
Agreement is not paid in full within 10 days after a written claim therefor by the
Indemnified Party has been received by the Corporation, the Indemnified Party may file
suit to recover the unpaid amount of such claim and, if successful in whole or in
part, shall be entitled to be paid the expense of prosecuting such claim. In any such
action the Corporation shall have the burden of proving that the Indemnified Party is
not entitled to the requested indemnification or advancement of expenses under
applicable law.
	 
	 	(d)	 	The Corporation’s obligation, if any, to indemnify or to advance expenses to
the Indemnified Party who was or is serving at its request as in an Indemnified
Position for an Other Entity shall be reduced by any amount such Indemnified Party may
collect as indemnification or advancement of expenses from such Other Entity.

     8. Severability. Each of the provisions of this Agreement is a separate and distinct
provision and independent of the others, so that if any provision hereof shall be held to be
invalid or unenforceable for any reason, such invalidity or unenforceability shall not affect the
validity or enforceability of the other provisions hereof.

4

 

     9. Governing Law; Binding Effect; Amendment and Termination.

	 	(a)	 	This Agreement shall be interpreted and enforced in accordance with the laws
of the State of Nevada.
	 
	 	(b)	 	This Agreement shall be binding upon the Indemnified Party and upon the
Corporation, its successors and assigns, and shall inure to the benefit of the
Indemnified Party, the Indemnified Party’s heirs, personal representatives and assigns
and to the benefit of the Corporation, its successors and assigns. The Corporation
shall require and cause any successor (whether direct or indirect by purchase, merger,
consolidation or otherwise) to all or a substantial part, of the business and/or
assets of the Corporation, by written agreement in form and substance satisfactory to
the Indemnified Party, expressly to assume and agree to perform this Agreement in the
same manner and to the same extent that the Corporation would be required to perform
if no such succession had taken place.
	 
	 	(c)	 	No amendment, modification, termination or change of this Agreement shall be
effective unless it is signed by both parties hereto. Any amendment, modification,
termination or change of this Agreement shall not adversely affect any right or
protection hereunder of any Indemnified Party in respect of any act or omission
occurring prior to the time of such repeal or modification.

     10. Additional Rights. The rights conferred on the Indemnified Party by this
Agreement shall not be exclusive of any other rights that the Indemnified Party may have or
hereafter acquire under any statute, provision of the Corporation’s Articles of Incorporation, its
bylaws, contract, vote of stockholders or disinterested directors or otherwise.

     11. Insurance. The Corporation will use its reasonable best efforts to acquire and
maintain directors and officers liability insurance, on terms and conditions deemed appropriate by
the Board of Directors of the Corporation, with the advice of counsel, covering the Indemnified
Party or any claim made against the Indemnified Party for service as a director or officer of the
Corporation and covering the Corporation for any indemnification or advance of expenses made by the
Corporation to the Indemnified Party for any claims made against the Indemnified Party for service
as a director or officer of the Corporation. Without in any way limiting any other obligation
under this Agreement, the Corporation shall indemnify the Indemnified Party for any payment by the
Indemnified Party arising out of the amount of any deductible or retention and the amount of any
excess of the aggregate of all judgments, penalties, fines, settlements and reasonable expenses
actually and reasonably incurred by the Indemnified Party in
connection with a claim or action over the coverage of any insuance referred to in the previous
sentence.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

5

 

	 	 	 	 	 	 	 
	 	 	READY MIX, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Bradley E. Larson, Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	The Indemnified Party:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	David Doty	 	 

6exv10w2

Exhibit 10.2

AWARD AGREEMENT

     AGREEMENT, made and entered into as of the ___ day of ___ 2009 (the “Effective Date”)
by and between Ready Mix, Inc., a Nevada corporation (“RMI” or the “Company”), and
___ (the “Awardee”)

W I T N E S S E T H:

     WHEREAS, the Company desires to provide incentive to Awardee to facilitate a transaction that
may result in a Sales Transaction;

     WHEREAS, the Awardee desires to accept such incentive, pursuant to terms and conditions of
this agreement (the “Agreement”);

     NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for
other good and valuable consideration, the receipt of which is mutually acknowledged, the Company
and Awardee (individually a “Party” and together the “Parties”) agree to be bound in accordance
with the terms of this Agreement.

     1 . Definitions.

          “Sales Transaction” shall have the meaning set forth in Section 3.

          “Effective Date” shall have the meaning set forth in the preamble above.

     2. Term of Agreement.

          The term of this Agreement shall commence immediately upon the Effective Date and remain in
effect as long as the Awardee actively participates in a process that may result in a Sales
Transaction. This Agreement may be terminated by either Party upon thirty days written notice to
the other Party.

     3. Transaction Award Payment.

          Unless waived by Awardee, following the successful consummation of a Sales Transaction,
Awardee shall be entitled to payment of a lump sum cash award within 30 days of the date of closing
of a Sales Transaction. The Transaction Award shall be calculated based upon proceeds to
shareholders and the Awardee’s salary.

For purposes of this Agreement, “Sales Transaction” shall mean:

	 	(a)	 	consummation of an acquisition by any Entity, in any one
transaction or series of related transactions, of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 65% or more of
either (1) the then outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (2) the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting

 

 

	 	 	 	Securities”), excluding, however, the following: (a) any acquisition directly
from the Company, other than an acquisition by virtue of the exercise of a
conversion privilege where the security being so converted was not acquired
directly from the Company by the party exercising the conversion privilege,
(b) any acquisition by the Company, (c) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the Company or any
Related Company, or (d) a Related Party Transaction;
	 
	 	(b)	 	consummation of a merger or consolidation of the Company with or
into any other company or other entity where the Company is not the surviving
entity, excluding, in each case, a Related Party Transaction;
	 
	 	(c)	 	consummation of a statutory share exchange pursuant to which the
Company’s outstanding shares are acquired or a sale in one transaction or a
series of related transactions of at least 65% of the Company’s outstanding
voting securities, excluding, in each case, a Related Party Transaction; or
	 
	 	(d)	 	consummation of a sale, lease, exchange or other transfer in one
transaction or a series of related transactions of all or substantially all of
the Company’s assets, excluding, in each case, a Related Party Transaction.
	 
	 	 	 	Where a series of related transactions is deemed to be a Sales Transaction,
the date of such Sales Transaction shall be the date on which the last of
such transactions is consummated.
	 
	 	 	 	“Related Party Transaction” means (a) a merger or consolidation of the
Company, or a statutory share exchange pursuant to which the Company’s
outstanding shares are acquired, in which the holders of the outstanding
voting securities of the Company immediately prior to the merger or
consolidation hold at least a majority of the outstanding voting securities
of the Successor Company immediately after the merger, consolidation or
statutory share exchange; (b) a sale, lease, exchange or other transfer of
all or substantially all of the Company’s assets to a majority-owned
subsidiary company; or (c) a transaction undertaken for the principal purpose
of restructuring the capital of the Company, including, but not limited to,
reincorporating the Company in a different jurisdiction, converting the
Company to a limited liability company or creating a holding company.

     4. Resolution of Disputes.

          Any controversy or claim arising out of or relating to this Agreement or any breach or
asserted breach hereof or questioning the validity and binding effect hereof arising under or in
connection with this Agreement, shall be resolved by binding arbitration, to be held at an office
closest to the Company’s principal offices in accordance with the rules and procedures of the
American Arbitration Association.

 

 

     5. Representation.

          The Company represents and warrants that it is fully authorized and empowered to enter into
this Agreement and that the performance of its obligations under this Agreement will not violate
any agreement between it and any other person, firm or organization.

     6. Entire Agreement.

          This Agreement contains the entire understanding and agreement between the Parties concerning
the subject matter hereof and, as of the Effective Date, supersedes any other agreements,
understandings, discussions, negotiations and undertakings, whether written or oral, between the
Parties with respect thereto.

     7. Amendment or Waiver.

          No provision in this Agreement may be amended unless such amendment is agreed to in writing
and signed by Awardee and an authorized officer of the Company. Except as set forth herein, no
delay or omission to exercise any right, power or remedy accruing to any Party shall impair any
such right, power or remedy or shall be construed to be a waiver of or an acquiescence to any
breach hereof. No waiver by either Party of any breach by the other Party of any condition or
provision contained in this Agreement to be performed by such other Party shall be deemed a waiver
of a similar or dissimilar condition or provision at the same or any prior or subsequent time. Any
waiver must be in writing and signed by Awardee or an authorized officer of the Company, as the
case may be.

     8. Severability.

          In the event that any provision or portion of this Agreement shall be determined to be invalid
or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement
shall be unaffected thereby and shall remain in full force and effect to the fullest extent
permitted by law.

     9. Governing Law/Jurisdiction.

          This Agreement shall be governed by and construed and interpreted in accordance with the laws
of Arizona without reference to principles of conflict of laws. The Company and Awardee further
agree that any service of process or notice requirements in any such proceeding shall be satisfied
if the rules of such court relating thereto have been substantially satisfied. The Company and
Awardee hereby waive, to the fullest extent permitted by applicable law, any objection which it or
he may now or hereafter have to such jurisdiction and any defense of inconvenient forum.

     10. Notices.

          Any notice given to a Party shall be in writing and shall be deemed to have been given when
delivered personally or sent by certified or registered mail, postage prepaid, return

 

 

receipt requested, duly addressed to the Party concerned at the address indicated below or to
such changed address as such Party may subsequently give such notice of:

	 	 	 	 	 	 	 
	 

	 	If to the Company:
	 	Ready Mix, Inc.
	 	 
	 

	 	 	 	4602 E. Thomas Rd.	 	 
	 

	 	 	 	Phoenix, AZ 85018	 	 
	 

	 	If to Awardee:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

     11. Headings.

          The headings of the sections contained in this Agreement are for convenience only and shall
not be deemed to control or affect the meaning or construction of any provision of this Agreement.

     12. Counterparts.

          This Agreement may be executed in two or more counterparts.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written
above.

	 	 	 	 	 	 	 
	 	 	Ready Mix, Inc.  
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Charles R. Norton
	 	 	Title: Chairman, Board Compensation Committee
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Awardee

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