Document:

EX-4.1

 

Exhibit 4.1

	COMMON STOCK S H A R E S SEE REVERSE FOR SH SOI HOLDINGS, INC. CERTAIN DEFINITIONS CUSIP
78461E 10 7 INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE This Certifies That is the
registered holder of Fully Paid and Non-Assessable Shares of the Common Stock, par value $.01 per
share, of SOI HOLDINGS, INC. SOI Holdings, Inc. (the “Corporation”) is a Delaware corporation. The
shares represented by this certificate are transferable only on the stock transfer books of the
Corporation by the holder of record hereof, or by his duly authorized attorney or legal
representatives, upon surrender of this certificate properly endorsed. This certificate is not
valid until countersigned and registered by the Corporation’s transfer agent and registrar. In
Witness Whereof, the Corporation has caused this certificate to be executed by the facsimile
signatures of its duly authorized officers. BY : DATED: AMERICAN COUNTERSIGNED STOCK AND (New
TRANSFER York, TRANSFER REGISTERED: NY) AGENT & AUTHORIZED AND TRUST SECRETARY PRESIDENT SIGNATURE
REGISTRAR COMPANY

 

 

	SOI Holdings, Inc. The Corporation will furnish without charge to each stockholder who so
requests the powers, designations, preferences and relative, participating, optional or other
special rights of each class of stock or series thereof and the qualifications, limitations or
restrictions of such preferences and/or rights. Such requests shall be made to the Corporation’s
Secretary at the principal office of the Corporation. The board of directors of the Corporation may
require the owner of a lost or destroyed stock certificate, or such owner’s legal representatives,
to give the Corporation a bond to indemnify it and its transfer agents and registrars against any
claim that may be made against them on account of the alleged loss or destruction of any such
certificate. The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable
laws or regulations: TEN COM — as tenants in common UNIF GIFT MIN ACT—Custodian TEN ENT — as
tenants by the entireties (Cust) (Minor) JT TEN — as joint tenants with right of under Uniform
Gifts to Minors survivorship and not as Act tenants in common (State) Additional abbreviations may
also be used though not in the above list. For Value Received, hereby sell, assign and transfer
unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE Shares of the Common Stock
represented by the within Certificate and do hereby irrevocably constitute and appoint Attorney to
transfer the said stock on the books of the within-named Corporation, with full power of
substitution in the premises. Dated: X X The signature(s) to this assignment must correspond with
the name(s) as written Signature Guaranteed: NOTICE: upon the face of the Certificate in every
particular, without alteration or enlargement or any change whatsoever.EX-10.25

 

Confidential Treatment

Exhibit 10.25

PORTIONS
OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE
SECRETARY OF THE
COMMISSION PURSUANT TO REGISTRANT’S APPLICATION OBJECTING TO
DISCLOSURE AND REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 406.
THE OMITTED PORTIONS HAVE BEEN MARKED WITH BRACKETS.

	 	 	 
	Insurer:	 	Lexington Insurance Company

	 	 	 
	Form:	 	LEX-CM-EPLIT (3/02 ED)

	 	 	 
	Limit:	 	$1,000,000 each Insured Event

	 	 	$5,000,000 PEO Client Company Sub-limit

	 	 	$10,000,000 Total Aggregate

	 	 	 
	Retention:	 	$75,000

	 	 	 
	Premium:	 	$[        ] (plus 5% NC surplus lines taxes and a $50 filing fee)

	 	 	 
	Discovery:	 	1 year at 100% of the annual premium on a bilateral basis

	 	 	 
	Policy Period:	 	One Year

	 	 	 
	Retro Date:	 	Date of Incorporation

	 	 	 
	Rating:	 	Based on a full time equivalency of 37,750 employees

The following endorsements will be carried forward from the expiring policy:

	 	1.	 	Minimum earned premium endorsement ([        ]% of annual premium)
	 
	 	2.	 	EPL Staff Select Client company coverage for PEOs endorsement
	 
	 	3.	 	Self insured retention endorsement ($75,000)
	 
	 	4.	 	Coverage territory limitation endorsement (OFAC)
	 
	 	5.	 	Premium installment endorsement
	 
	 	6.	 	Wrongful business environment endorsement — SOI
	 
	 	7.	 	Amendatory endorsement:

	 	–	 	Amend Section II. B.2.D., settlement cap (a/k/a hammer clause), to
80/20 coinsurance (this means that if Lexington recommends that SOI
accept a settlement and SOI elects to continue to defend, Lexington
will pay 80% of any defense or covered loss above the recommended
settlement amount — does not apply to client companies)
	 
	 	–	 	Amend Section II.A.3., to apply the above 80/20 settlement cap clause;
	 
	 	–	 	Amend ERISA exclusion to carve-back coverage for claims
alleging Wrongful Termination, Discrimination or retaliation in
violation of Section 510 of ERISA.
	 
	 	–	 	Amend WARN Act exclusion to provide defense costs coverage for claims
requesting injunctive relief seeking the enforcement of the Act,
Public Law 100-379 or any similar law (does not apply to client
companies)
	 
	 	–	 	Amend the definition of Claim to include criminal proceedings (does not apply to client companies)

 

 

	 	–	 	Amend Workers Compensation exclusion to carve-back coverage for Wrongful Termination, Discrimination or retaliation suits arising from a worker filing a workers compensation claim
	 
	 	–	 	Delete the mandatory arbitration clause for policy disputes
	 
	 	–	 	Amend the definition of Sexual Harassment to explicitly include non-sexual harassment and same sex sexual harassment

	 	8.	 	Provide a 1 year bilateral Discovery option for 100% of the total annual premium

Coverage Highlights

	•	 	Coverage is extended to both the corporate entity and individual Insureds
	 
	•	 	Coverage is provided for punitive damages where insurable by law with most favorable
jurisdiction language
	 
	•	 	Coverage is provided for third party suits (i.e. suits brought by persons other than
employees alleging harassment or discrimination) (does not apply to client companies)
	 
	•	 	Coverage is extended to PEO Client Companies (subject to specified exceptions)
	 
	•	 	Coverage is provided for various types of workplace harassment (not just sexual harassment)
	 
	•	 	In addition to harassment, discrimination and wrongful termination, coverage is extended
for other workplace torts (retaliation, defamation, infliction of emotional distress, invasion
of privacy, negligent evaluation, wrongful discipline, wrongful reference, failure to grant
tenure, wrongful failure to employ or promote, or wrongful demotion)

2exv10w1

 

Exhibit 10.1

FORM OF

INDEMNIFICATION AGREEMENT

     AGREEMENT, effective as of                     , between Fremont General Corporation, a Nevada
corporation (the “Company”), and                                          (the “Indemnitee”).

     WHEREAS, Indemnitee is a                     the Company;

     WHEREAS, the By-laws of the Company require the Company to indemnify and advance expenses to
its directors and officers to the full extent permitted by law and the Indemnitee has agreed to
serve as a director and/or officer of the Company in part in reliance on such By-laws;

     WHEREAS, in recognition of Indemnitee’s reliance on the aforesaid By-laws, and in part to
provide Indemnitee with specific contractual assurance that the protection promised by such By-laws
will be available to Indemnitee (regardless of, among other things, any amendment to or revocation
of such By-laws), the Company wishes to provide in this Agreement for the indemnification of and
the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete)
permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained,
for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability
insurance policies and fiduciary liability policies;

     NOW, THEREFORE, in consideration of the premises and of Indemnitee’s service to the Company
directly or, at its request, another enterprise, and intending to be legally bound hereby, the
parties hereto agree as follows:

     1. Certain Definitions.

     (a) Claim: any threatened, pending or completed action, suit or proceeding, or any
inquiry or investigation, whether instituted by the Company or any other party, that Indemnitee in
good faith believes might lead to the institution of any such action, suit or proceeding, whether
civil, criminal, administrative, investigative or other.

     (b) Expenses: include attorneys’ fees and all other costs, expenses and obligations
paid or incurred in connection with investigating, defending, being a witness in or participating
in (including on appeal), or preparing to defend, be a witness in or participate in, any Claim
relating to any Indemnifiable Event.

     (c) Indemnifiable Event: any event or occurrence related to the fact that

Indemnitee is or was a director, officer, employee, agent or fiduciary of the
Company, or any Subsidiary thereof, including, without limitation, Fremont
Investment & Loan, or is or was serving at the request of the Company as a director,
officer, employee, trustee, agent or fiduciary of another corporation, partnership,
joint venture, employee benefit plan, trust or other enterprise, or by reason of
anything done or not done by Indemnitee in any such capacity.

 

 

     (d) Independent Legal Counsel: an attorney or firm of attorneys, selected in
accordance with the provisions of Section 3, who shall not have otherwise performed services for
the Company or Indemnitee within the last five years (other than with respect to matters concerning
the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity
agreements).

     2. Basic Indemnification Arrangement.

     (a) Subject to the limitations of 12 C.F.R. §359, in the event Indemnitee was, is or becomes a
party to or witness or other participant in, or is threatened to be made a party to or witness or
other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the
Company shall indemnify Indemnitee to the fullest extent permitted by law as soon as practicable
but in any event no later than thirty days after written demand is presented to the Company,
against any and all Expenses, judgments, fines, penalties and amounts paid in settlement (including
all interest, assessments and other charges paid or payable in connection with or in respect of
such Expenses, judgments, fines, penalties or amounts paid in settlement) of such Claim. If so
requested by Indemnitee, the Company shall advance (within two business days of such request) any
and all Expenses to Indemnitee (an “Expense Advance”).

     (b) Notwithstanding the foregoing, (i) the obligations of the Company under Section 2(a) shall
be subject to the condition that Independent Legal Counsel shall not have determined, in a written
opinion, that Indemnitee would not be permitted to be indemnified under applicable law, and (ii)
the obligation of the Company to make an Expense Advance pursuant to Section 2(a) shall be subject
to the condition that, if, when and to the extent that Independent Legal Counsel determines that
Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be
entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such
amounts theretofore paid; provided, however, that if Indemnitee has commenced or thereafter
commences legal proceedings in a court of competent jurisdiction to secure a determination that
Indemnitee should be indemnified under applicable law, any determination made by Independent Legal
Counsel that Indemnitee would not be permitted to be indemnified under applicable law shall not be
binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until
a final judicial determination is made with respect thereto (as to which all rights of appeal
therefrom have been exhausted or lapsed). If there has been no determination by Independent Legal
Counsel or if Independent Legal Counsel determines that Indemnitee substantively would not be
permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the
right to commence litigation in any court in the States of California or Nevada having subject
matter jurisdiction thereof and in which venue is proper seeking an initial determination by the
court or challenging any such determination by Independent Legal Counsel or any aspect thereof,
including the legal or factual bases therefor, and the Company hereby consents to service of
process and to appear in any such proceeding. Any determination by Independent Legal Counsel
otherwise shall be conclusive and binding on the Company and Indemnitee.

     (c) Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be
entitled to indemnification pursuant to this Agreement in connection with any Claim initiated by
Indemnitee unless the Board of Directors has authorized or consented to the initiation of such
Claim.

2

 

     3. Independent Legal Counsel. With respect to all matters hereafter arising concerning
the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any
other agreement or Company By-law now or hereafter in effect relating to Claims for Indemnifiable
Events, the Company shall seek legal advice only from Independent Legal Counsel selected by
Indemnitee and approved by the Company. Such counsel, among other things, shall render its written
opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be
permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of
the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and
all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or
relating to this Agreement or its engagement pursuant hereto.

     4. Indemnification for Additional Expenses. Subject to the limitations of 12 C.F.R.
§359, the Company shall indemnify Indemnitee against any and all expenses (including attorneys’
fees) and, if requested by Indemnitee, shall (within two business days of such request) advance
such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought
by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this
Agreement or any other agreement or Company By-law now or hereafter in effect relating to Claims
for Indemnifiable Events and/or (ii) recovery under any directors’ and officers’ liability
insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is
determined to be entitled to such indemnification, advance expense payment or insurance recovery,
as the case may be.

     5. Partial Indemnity, Etc. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of the Expenses, judgments,
fines, penalties and amounts paid in settlement of a Claim but not, however, for all of the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to
which Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to
the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all
Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter
therein, including dismissal without prejudice, Indemnitee shall be indemnified against all
Expenses incurred in connection therewith.

     6. Burden of Proof. In connection with any determination by Independent Legal Counsel
or otherwise as to whether Indemnitee is entitled to be indemnified hereunder the burden of proof
shall be on the Company to establish that Indemnitee is not so entitled.

     7. No Presumptions. For purposes of this Agreement, the termination of any action,
suit or proceeding, by judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or
that a court has determined that indemnification is not permitted by applicable law. In addition,
neither the failure of Independent Legal Counsel to have made a determination as to whether
Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual
determination by Independent Legal Counsel that Indemnitee has not met such standard of conduct or
did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a
judicial determination that Indemnitee should be indemnified under applicable law shall be a
defense to

3

 

Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard
of conduct or did not have any particular belief.

     8. Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to
any other rights Indemnitee may have under the Company’s By-laws or the Nevada General Corporation
Law or otherwise. To the extent that a change in the Nevada General Corporation Law (whether by
statute or judicial decision) permits greater indemnification by agreement than would be afforded
currently under the Company’s By-laws and this Agreement, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.

     9. Liability Insurance. To the extent the Company maintains an insurance policy or
policies providing directors’ and officers’ liability insurance and fiduciary liability insurance,
Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to
the maximum extent of the coverage available for any Company director or officer.

     10. Period of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs,
executors or personal or legal representatives after the expiration of two years from the date of
accrual of such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal action within such
two-year period; provided, however, that if any shorter period of limitations is otherwise
applicable to any such cause of action such shorter period shall govern.

     11. Supplements, Modifications or Amendments. No supplement, modification or amendment
of this Agreement shall be binding unless executed in writing by both of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver.

     12. Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall
execute all papers required and shall do everything that may be necessary to secure such rights,
including the execution of such documents necessary to enable the Company effectively to bring suit
to enforce such rights.

     13. No Duplication of Payments. The Company shall not be liable under this Agreement
to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee
has otherwise actually received payment (under any insurance policy, By-law or otherwise) of the
amounts otherwise indemnifiable hereunder.

     14. Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective successors, assigns, including any
direct or indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business and/or assets of the Company, spouses, heirs, executors and
personal and legal representatives. This Agreement shall continue in effect regardless of whether
Indemnitee continues

4

 

to serve as an officer or director of the Company or of any other enterprise at the Company’s
request.

     15. Severability. The provisions of this Agreement shall be severable in the event
that any of the provisions hereof (including any provision within a single section, paragraph or
sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise
unenforceable in any respect, and the validity and enforceability of any such provision in every
other respect and of the remaining provisions hereof shall not be in any way impaired and shall
remain enforceable to the fullest extent permitted by law.

     16. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Nevada applicable to contracts made and to be performed in
such state without giving effect to the principles of conflicts of laws.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement this       day of
                    , 2008.

	 	 	 	 	 	 	 
	 	 	FREMONT GENERAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:                                                            	 	 
	 

	 	 	 	Title:                                                            	 	 
	 
	 	 	 	 	 	 
	 	 	INDEMNITEE	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:                                                            	 	 
	 

	 	 	 	Title:                                                             	 	 

6

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