Document:

exv10w21

Exhibit 10.21

INDEMNITY AGREEMENT

     This Indemnity Agreement, dated as of                     , 2008 (this “Agreement”), is
made by and between GRAND CANYON EDUCATION, INC., a Delaware corporation (the “Company”),
and                                                              (the “the Indemnitee”).

RECITALS

     A. The Company is aware that competent and experienced persons are increasingly reluctant to
serve as directors, officers or agents of corporations unless they are protected by comprehensive
liability insurance or indemnification, due to increased exposure to litigation costs and risks
resulting from their service to such corporations, and due to the fact that the exposure frequently
bears no reasonable relationship to the compensation of such directors, officers and other agents.

     B. The statutes and judicial decisions regarding the duties of directors and officers are
often difficult to apply, ambiguous, or conflicting, and therefore fail to provide such directors,
officers and agents with adequate, reliable knowledge of legal risks to which they are exposed or
information regarding the proper course of action to take.

     C. Plaintiffs often seek damages in such large amounts and the costs of litigation may be so
enormous (whether or not the case is meritorious), that the defense and/or settlement of such
litigation are often beyond the personal resources of directors, officers and other agents.

     D. The Company believes that it is unfair for its directors, officers and agents and the
directors, officers and agents of its subsidiaries to assume the risk of huge judgments and other
expenses that may occur in cases in which the director, officer or agent received no personal
profit and in cases where the director, officer or agent was not culpable.

     E. The Company recognizes that the issues in controversy in litigation against a director,
officer or agent of a corporation such as the Company or its subsidiaries are often related to the
knowledge, motives and intent of such director, officer or agent, that the Indemnitee is usually
the only witness with knowledge of the essential facts and exculpating circumstances regarding such
matters, and that the long period of time that usually elapses before the trial or other
disposition of such litigation often extends beyond the time that the director, officer or agent
can reasonably recall such matters and may extend beyond the normal time for retirement for such
director, officer or agent with the result that the Indemnitee, after retirement or in the event of
the Indemnitee’s death, the Indemnitee’s spouse, heirs, executors or administrators, may be faced
with limited ability and undue hardship in maintaining an adequate defense, that may discourage
such a director, officer or agent from serving in that position.

     F. Based upon their experience as business managers, the Board of Directors of the Company
(the “Board”) has concluded that, to retain and attract talented and experienced
individuals to serve as directors, officers and agents of the Company and its subsidiaries and to
encourage such individuals to take the business risks necessary for the success of the Company and
its subsidiaries, it is necessary for the Company to contractually indemnify its directors,
officers and agents and the directors, officers and agents of its subsidiaries, and to assume for

1

 

itself maximum liability for expenses and damages in connection with claims against such
directors, officers and agents in connection with their service to the Company and its
subsidiaries, and has further concluded that the failure to provide such contractual
indemnification could result in great harm to the Company and its subsidiaries and the Company’s
stockholders.

     G. Section 145 of the General Corporation Law of Delaware, under which the Company is
organized (“Section 145”), empowers the Company to indemnify its directors, officers,
employees and agents by agreement and to indemnify persons who serve, at the request of the
Company, as the directors, officers, employees or agents of other corporations or enterprises, and
expressly provides that the indemnification provided by Section 145 is not exclusive.

     H. The Company desires and has requested the Indemnitee to serve or continue to serve as a
director, officer or agent of the Company and/or one or more subsidiaries of the Company free from
undue concern for claims for damages arising out of or related to such services to the Company
and/or one or more subsidiaries of the Company.

     I. The Indemnitee is willing to serve, or to continue to serve, the Company and/or one or more
subsidiaries of the Company, provided that the Indemnitee is furnished the indemnity provided for
herein.

AGREEMENT

     NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

     1. Definitions.

          (a) Agent. For the purposes of this Agreement, “agent” of the Company means any
person who is or was a director, officer, employee or other agent of the Company or a subsidiary of
the Company; or is or was serving at the request of, for the convenience of, or to represent the
interests of the Company or a subsidiary of the Company as a director, officer, employee or agent
of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise;
or was a director, officer, employee or agent of a foreign or domestic corporation that was a
predecessor corporation of the Company or a subsidiary of the Company, or was a director, officer,
employee or agent of another enterprise at the request of, for the convenience of, or to represent
the interests of such predecessor corporation.

          (b) Expenses. For purposes of this Agreement, “expenses” include all out-of-pocket
costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and
related disbursements), actually and reasonably incurred by the Indemnitee in connection with
either the investigation, defense or appeal of a proceeding or establishing or enforcing a right to
indemnification under this Agreement or Section 145 or otherwise; provided, however, that
“expenses” shall not include any judgments, fines, ERISA excise taxes or penalties, or amounts paid
in settlement of a proceeding.

2

 

          (c) Proceeding. For the purposes of this Agreement, “proceeding” means any
threatened, pending, or completed action, suit or other proceeding, whether civil, criminal,
administrative, or investigative.

          (d) Subsidiary. For purposes of this Agreement, “subsidiary” means any corporation of
which more than 50% of the outstanding voting securities is owned directly or indirectly by the
Company, by the Company and one or more other subsidiaries, or by one or more other subsidiaries.

     2. Agreement to Serve. the Indemnitee agrees to serve and/or continue to serve as
agent of the Company, at its will (or under separate agreement, if such agreement exists), in the
capacity the Indemnitee currently serves as an agent of the Company, so long as the Indemnitee is
duly appointed or elected and qualified in accordance with the applicable provisions of the Bylaws
of the Company or any subsidiary of the Company or until such time as the Indemnitee tenders the
Indemnitee’s resignation in writing; provided, however, that nothing contained in this Agreement is
intended to create any right to continued employment by the Indemnitee.

     3. Liability Insurance.

          (a) Maintenance of D&O Insurance. The Company hereby covenants and agrees that, so
long as the Indemnitee shall continue to serve as an agent of the Company and thereafter so long as
the Indemnitee shall be subject to any possible Proceeding by reason of the fact that the
Indemnitee was an agent of the Company, the Company, subject to Section 3(c), shall promptly obtain
and maintain in full force and effect directors’ and officers’ liability insurance (“D&O
Insurance”) in reasonable amounts from established and reputable insurers. In the event the
Company is acquired, this provision shall be fulfilled by the purchase of a six year tail policy of
D&O Insurance. At Indemnitee’s request, Company shall arrange for an annual review of the D&O
Insurance by a party other than the procuring brokers, and share the results of that review with
Indemnitee.

          (b) Rights and Benefits. In all policies of D&O Insurance, the Indemnitee shall be
named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as
are accorded to the most favorably insured of the Company’s directors, if the Indemnitee is a
director; or of the Company’s officers, if the Indemnitee is not a director of the Company, but is
an officer; or of the Company’s key employees, if the Indemnitee is not a director or officer, but
is a key employee.

          (c) Notice. The Company shall give prompt notice as required under the D&O Insurance
of such claims as may be covered under such policies and which may be trigger the indemnification
or advancement obligations in this Agreement. On request, the Company shall provide to Indemnitee
a copy of such notice delivered to the applicable insurers, and on request from Indemnitee shall
provide copies of all subsequent correspondence between the Company and such insurers regarding the
claim, in each case substantially concurrently with the delivery or receipt thereof by the Company.

          (d) Limitation on Required Maintenance of D&O Insurance. Notwithstanding the
foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the

3

 

Company determines in good faith that such insurance is not reasonably available, the premium
costs for such insurance are disproportionate to the amount of coverage provided, the coverage
provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or
the Indemnitee is covered by similar insurance maintained by a subsidiary of the Company.

     4. Mandatory Indemnification. Subject to Section 9 below, the Company shall indemnify
the Indemnitee as follows:

          (a) Third Party Actions. If the Indemnitee is a person who was or is a party or is
threatened to be made a party to any proceeding (other than an action by or in the right of the
Company) by reason of the fact that the Indemnitee is or was an agent of the Company, or by reason
of anything done or not done by the Indemnitee in any such capacity, the Company shall indemnify
the Indemnitee against any and all expenses and liabilities of any type whatsoever (including, but
not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in settlement)
actually and reasonably incurred by the Indemnitee in connection with the investigation, defense,
settlement or appeal of such proceeding, provided the Indemnitee acted in good faith and in a
manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company and its stockholders, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe the Indemnitee’s conduct was unlawful.

          (b) Derivative Actions. If the Indemnitee is a person who was or is a party or is
threatened to be made a party to any proceeding by or in the right of the Company by reason of the
fact that the Indemnitee is or was an agent of the Company, or by reason of anything done or not
done by the Indemnitee in any such capacity, the Company shall indemnify the Indemnitee against all
expenses actually and reasonably incurred by the Indemnitee in connection with the investigation,
defense, settlement, or appeal of such proceeding, provided the Indemnitee acted in good faith and
in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company and its stockholders; except that no indemnification under this subsection 4(b) shall be
made in respect to any claim, issue or matter as to which such person shall have been finally
adjudged to be liable to the Company by a court of competent jurisdiction unless and only to the
extent that the court in which such proceeding was brought shall determine upon application that,
despite the adjudication of liability but in view of all the circumstances of the case, such person
is fairly and reasonably entitled to indemnity for such amounts that the court shall deem proper.

          (c) Actions where the Indemnitee is Deceased. If the Indemnitee is a person who was
or is a party or is threatened to be made a party to any proceeding by reason of the fact that the
Indemnitee is or was an agent of the Company, or by reason of anything done or not done by the
Indemnitee in any such capacity, and if prior to, during the pendency of after completion of such
proceeding the Indemnitee becomes deceased, the Company shall indemnify the Indemnitee’s heirs,
executors and administrators against any and all expenses and liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts
paid in settlement) actually and reasonably incurred to the extent the Indemnitee would have been
entitled to indemnification pursuant to Sections 4(a) or 4(b) above were the Indemnitee still
alive.

4

 

          (d) Limitations. Notwithstanding the foregoing, the Company shall not be obligated to
indemnify the Indemnitee for expenses or liabilities of any type whatsoever (including, but not
limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in settlement) for
which payment is actually made to or on behalf of the Indemnitee under a valid and collectible
insurance policy of D&O Insurance, or under a valid and enforceable indemnity clause, bylaw or
agreement.

          (e) Witness. If Indemnitee is subpoenaed to appear as a witness or produce documents,
he shall be considered a “party” to that proceeding under the advancement and indemnification
provisions herein, subject to all other restrictions and requirements.

          (f) Taxes. To the extent allowed by law, if any advancement or indemnification is
subject to taxes to be paid by Indemnitee, then Company agrees to advance or indemnify such tax
payments to Indemnitee as an “expense.” Indemnitee will take all reasonable measures to minimize
or eliminate such tax liability.

          (g) Investigations. Both formal and so-called informal investigations shall be
considered “Proceedings” under the advancement and indemnification language herein, subject to all
other restrictions and requirements.

     5. Partial Indemnification. If the Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of any expenses or liabilities of
any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes and
penalties, and amounts paid in settlement) incurred by the Indemnitee in the investigation,
defense, settlement or appeal of a proceeding, but not entitled, however, to indemnification for
all of the total amount hereof, the Company shall nevertheless indemnify the Indemnitee for such
total amount except as to the portion hereof to which the Indemnitee is not entitled.

     6. Mandatory Advancement of Expenses. Subject to Section 9(a) below, the Company
shall advance all expenses incurred by the Indemnitee in connection with the investigation,
defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened
to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company.
The Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it
shall be determined ultimately by final disposition that the Indemnitee is not entitled to be
indemnified by the Company as authorized hereby. Such undertaking shall not be secured and, to the
extent allowed by law, shall not be subject to interest. The advances to be made hereunder shall
be paid by the Company to the Indemnitee within twenty (20) days following delivery of a written
request therefor by the Indemnitee to the Company, accompanied by invoices received by Indemnitee
in connection with such Expenses (but, in the case of invoices in connection with legal services,
any references to specific legal work performed or to expenditures made that would cause Indemnitee
to waive any privilege accorded by applicable law shall not be included with the invoice). In the
event that the Company fails to pay expenses as incurred by the Indemnitee as required by this
paragraph, the Indemnitee may seek mandatory injunctive relief from any court having jurisdiction
to require the Company to pay expenses as set forth in this paragraph. If the Indemnitee seeks
mandatory injunctive relief or specific performance pursuant to this paragraph, it shall not be a
defense to enforcement of the

5

 

Company’s obligations set forth in this paragraph that the Indemnitee has an adequate remedy
at law for damages or will not suffer irreparable harm, nor shall Indemnitee be required to post a
bond in connection with seeking or obtaining such relief.

     7. Notice and Other Indemnification Procedures.

          (a) Notice by the Indemnitee. Promptly after receipt by the Indemnitee of notice of
the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if the
Indemnitee believes that indemnification with respect thereto may be sought from the Company under
this Agreement, notify the Company of the commencement or threat of commencement thereof.

          (b) Notice by Company. If, at the time of the receipt of a notice of the commencement
of a proceeding pursuant to Section 7(a) hereof, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all amounts payable as a result of such proceeding in accordance with the terms of such policies.

          (c) Defense. In the event the Company shall be obligated to pay the expenses of any
proceeding against the Indemnitee, the Company, if appropriate, shall be entitled to assume the
defense of such proceeding, with counsel approved by the Indemnitee, upon the delivery to the
Indemnitee of written notice of its election so to do. After delivery of such notice, approval of
such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will
not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred
by the Indemnitee with respect to the same proceeding, provided that (i) the Indemnitee shall have
the right to employ the Indemnitee’s counsel in any such proceeding at the Indemnitee’s expense;
and (ii) if (A) the employment of counsel by the Indemnitee has been previously authorized by the
Company, (B) the Indemnitee shall have reasonably concluded that there may be a conflict of
interest between the Company and the Indemnitee in the conduct of any such defense, or (C) the
Company shall not, in fact, have employed counsel to assume the defense of such proceeding, then
the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company. The
Company agrees, to the extent allowed by law, to allocate all defense expenses, incurred jointly
with Indemnitee, solely to the defense of the Company.

     8. Determination of Right to Indemnification.

          (a) Successful Defense. To the extent the Indemnitee has been successful on the
merits or otherwise in defense of any proceeding (including, without limitation, an action by or in
the right of the Company) to which the Indemnitee was a party by reason of the fact that the
Indemnitee is or was an agent of the Company at any time, the Company shall indemnify the
Indemnitee against all expenses of any type whatsoever actually and reasonably incurred by the
Indemnitee in connection with the investigation, defense or appeal of such proceeding.

6

 

          (b) Other Situations. In the event that Section 8(a) is inapplicable, the Company
shall also indemnify the Indemnitee unless, and except to the extent that, the Company shall prove
by clear and convincing evidence in a forum listed in Section 8(c) below that the Indemnitee has
not met the applicable standard of conduct required to entitle the Indemnitee to such
indemnification.

          (c) Selection of Forum. The Indemnitee shall be entitled to select the forum in which
the validity of the Company’s claim under Section 8(b) hereof that the Indemnitee is not entitled
to indemnification will be heard from among the following:

               (i) A quorum of the Board consisting of directors who are not parties to the proceeding for
which indemnification is being sought;

               (ii) The stockholders of the Company;

               (iii) Legal counsel selected by the Indemnitee, and reasonably approved by the Board, which
counsel shall make such determination in a written opinion; or

               (iv) A panel of three arbitrators, one of whom is selected by the Company, another of whom is
selected by the Indemnitee and the last of whom is selected by the first two arbitrators so
selected.

          (d) Submission to Forum. As soon as practicable, and in no event later than thirty
(30) days after written notice of the Indemnitee’s choice of forum pursuant to Section 8(c) above,
the Company shall, at its own expense, submit to the selected forum in such manner as the
Indemnitee or the Indemnitee’s counsel may reasonably request, its claim that the Indemnitee is not
entitled to indemnification; and the Company shall act in the utmost good faith to assure the
Indemnitee a complete opportunity to defend against such claim.

          (e) Application to Court of Chancery. Notwithstanding a determination by any forum
listed in Section 8(c) hereof that the Indemnitee is not entitled to indemnification with respect
to a specific proceeding, the Indemnitee shall have the right to apply to the Court of Chancery of
Delaware, the court in which that proceeding is or was pending or any other court of competent
jurisdiction, for the purpose of enforcing the Indemnitee’s right to indemnification pursuant to
this Agreement. The Company hereby consents to service of process and to appear in any such
proceeding.

          (f) Expenses Related to this Agreement. Notwithstanding any other provision in this
Agreement to the contrary, the Company shall indemnify the Indemnitee against all expenses incurred
by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the
Indemnitee and against all expenses incurred by the Indemnitee in connection with any other
proceeding between the Company and the Indemnitee involving the interpretation or enforcement of
the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds
that each of the claims and/or defenses of the Indemnitee in any such proceeding was frivolous or
made in bad faith.

7

 

     9. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement:

          (a) Claims Initiated by the Indemnitee. To indemnify or advance expenses to the
Indemnitee with respect to proceedings or claims initiated or brought voluntarily by the Indemnitee
and not by way of defense, unless (i) such indemnification is expressly required to be made by law,
(ii) the proceeding was authorized by the Board, (iii) such indemnification is provided by the
Company, in its sole discretion, pursuant to the powers vested in the Company under the General
Corporation Law of Delaware or (iv) the proceeding is brought to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise as required under
Section 145;

          (b) Lack of Good Faith. To indemnify the Indemnitee for any expenses incurred by the
Indemnitee with respect to any proceeding instituted by the Indemnitee to enforce or interpret this
Agreement, if a court of competent jurisdiction determines that each of the material assertions
made by the Indemnitee in such proceeding was not made in good faith or was frivolous; or

          (c) Unauthorized Settlements. To indemnify the Indemnitee under this Agreement for
any amounts paid in settlement of a proceeding unless the Company consents to such settlement,
which consent shall not be unreasonably withheld.

     10. Non-exclusivity. The provisions for indemnification and advancement of expenses
set forth in this Agreement shall not be deemed exclusive of any other rights that the Indemnitee
may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws, the vote
of the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as
to action in the Indemnitee’s official capacity and to action in another capacity while occupying
the Indemnitee’s position as an agent of the Company, and the Indemnitee’s rights hereunder shall
continue after the Indemnitee has ceased acting as an agent of the Company and shall inure to the
benefit of the heirs, executors and administrators of the Indemnitee.

     11. Enforcement. Any right to indemnification or advances granted by this Agreement
to the Indemnitee shall be enforceable by or on behalf of the Indemnitee in any court of competent
jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or
(ii) no disposition of such claim is made within ninety (90) days of request therefor. The
Indemnitee, in such enforcement action, if successful in whole or in part, shall be entitled to be
paid also the expense of prosecuting the Indemnitee’s claim. It shall be a defense to any action
for which a claim for indemnification is made under this Agreement (other than an action brought to
enforce a claim for expenses pursuant to Section 6 hereof, provided that the required undertaking
has been tendered to the Company) that the Indemnitee is not entitled to indemnification because of
the limitations set forth in Sections 4 and 9 hereof. Neither the failure of the Company
(including its Board of Directors or its stockholders) to have made a determination prior to the
commencement of such enforcement action that indemnification of the Indemnitee is proper in the
circumstances, nor an actual determination by the Company (including its Board of Directors or its
stockholders) that such indemnification is improper, shall

8

 

be a defense to the action or create a presumption that the Indemnitee is not entitled to
indemnification under this Agreement or otherwise.

     12. Subrogation. In the event the Company is obligated to make a payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery under an insurance policy or any other indemnity agreement covering the Indemnitee, who
shall execute all documents required and shall do all acts that may be necessary to secure such
rights and to enable the Company effectively to bring suit to enforce such rights.

     13. Survival of Rights.

          (a) All agreements and obligations of the Company contained herein shall continue during the
period the Indemnitee is an agent of the Company and shall continue after Indemnitee has ceased to
be so, so long as the Indemnitee shall be subject to any possible claim or threatened, pending or
completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or
investigative, by reason of the fact that the Indemnitee was serving in the capacity referred to
herein.

          (b) The Company shall require any successor to the Company (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets
of the Company, expressly to assume and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform if no such succession had taken
place.

     14. Interpretation of Agreement. It is understood that the parties hereto intend this
Agreement to be interpreted and enforced so as to provide indemnification to the Indemnitee to the
fullest extent permitted by law including those circumstances in which indemnification would
otherwise be discretionary. This includes, without limitation, retroactive extension of
Indemnitee’s rights to advancement and indemnification for allegations of otherwise qualified acts
or omissions that predate this Agreement. In the event of any change after the date of this
Agreement in any applicable law, statute or rule which expands the right of a Delaware corporation
to indemnify a member of its Board of Directors or an officer, employee, agent or fiduciary, it is
the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits
afforded by such change. In the event of any change in any applicable law, statute or rule which
narrows the right of a Delaware corporation to indemnify a member of its Board of Directors or an
officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such
law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the
parties’ rights and obligations hereunder.

     15. Severability. If any provision or provisions of this Agreement shall be held to
be invalid, illegal or unenforceable for any reason whatsoever, (i) the validity, legality and
enforceability of the remaining provisions of the Agreement (including without limitation, all
portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of
this Agreement (including, without limitation, all portions of any paragraph of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that are not themselves

9

 

invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested by the provision held invalid, illegal or unenforceable and to give effect to Section 14
hereof.

     16. Modification and Waiver. 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.

     17. Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and receipted
for by the party addressee or (ii) if mailed by certified or registered mail with postage prepaid,
on the third business day after the mailing date. Addresses for notice to either party are as
shown on the signature page of this Agreement, or as subsequently modified by written notice.

     18. Governing Law. This Agreement shall be governed exclusively by and construed
according to the laws of the State of Delaware as applied to contracts between Delaware residents
entered into and to be performed entirely within Delaware.

     The parties hereto have entered into this Indemnity Agreement effective as of the date first
above written.

	 	 	 	 	 	 	 
	 	 	THE COMPANY:	 	 
	 
	 	 	 	 	 	 
	 	 	GRAND CANYON EDUCATION, INC, a	 	 
	 	 	Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Address	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	THE INDEMNITEE:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Print Name:	 	 
	 
	 	 	 	 	 	 
	 

	 	Address	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

10<PAGE>

EXHIBIT 10.44

MEDIA PRODUCTION AND PLACEMENT SERVICES AGREEMENT

This Media Production and Placement Services Agreement (the "Agreement") is
entered into on the date indicated on the signature page (the "Effective Date"),
by and between Media4Equity LLC, a Nevada limited liability company ("M4E") and
Ingen Technologies, Inc. 35193 Avenue "A" Yucaipa, CA 92399, (the "Company").
(Ingen and M4E are referred to collectively herein as the "Parties").

Whereas, M4E produces and distributes nationally syndicated print and radio
features for its clients in exchange for equity in its clients' businesses; and

Whereas, M4E wishes to accept the Company as a client; and

Whereas, the Company desires to further develop and promote its general
business, technologies, and/or products and services in order to enhance overall
brand awareness, stimulate new business, and build long-term value for its
shareholders; and

Whereas, the Company desires to utilize M4E's services to act as production and
placement agency for Company's print and broadcast media campaign.

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth
herein, and other good and valuable consideration, the Parties agree as follows:

1. MEDIA CREDIT

M4E hereby provides the Company with a guaranteed dollar value of national media
exposure (the "Media Credit"), which Media Credit shall be reduced by the "Media
Value" of features placed, as further defined in Section 3(c), below, of
placements of print and radio features obtained by M4E on behalf of Company. The
value of the Media Credit shall be equivalent to two million dollars
($2,000,000.00 U.S.) in Media Value.

2. MEDIA CAMPAIGN

a) Consultation. M4E shall consult with Company regarding the content of the
Media Campaign. M4E shall develop, write, edit and deliver proofs of any and all
print media and any and all radio scripts (collectively referred to herein as
the "Copy," and all placements throughout the term of the Agreement referred to
as the "Media Campaign") to the Company for inspection and approval. No print or
radio feature shall be distributed without Company's prior written approval. M4E
shall not be liable for the Company's failure to review and approve Copy on a
timely basis, or for any actions or inactions of the Company. Parties agree that
the initiation of the Media Campaign shall commence at the sole discretion of
the Company, but no later than 12 months from the Effective Date, and shall
terminate upon the earlier to occur of the Media Credit being redeemed in its
entirety, or three (3) years from the commencement of said Media Campaign, (the
"Redemption Period").

b) Content.

(i) PRINT FEATURES. Each Print Feature shall consist of a news story that
features the Company's name, products and/or service, contact information, web
address and such other information as the Company may approve.

(ii) RADIO FEATURES. Each Radio Feature shall consist of two, 30-second
nationally syndicated radio scripts under one heading. Each Radio Feature will
be specifically about the Company and written and read by radio media
professionals.

c) Distribution.

(i) All print media approved by Company for distribution pursuant to Section
2(a) hereof, shall be distributed on computer disks, by direct electronic feed,
in a hard copy camera-ready format and/or over the Internet to over ten thousand
(10,000) daily and weekly newspapers, news, and wire services, which may publish
the features, at their sole discretion, free of copyright, fees or other
charges. (ii) All radio features, formatted as either scripts and/or audio
recordings, shall be sent directly, and/or indirectly via radio networks, to
over six thousand (6,000) radio stations in the United States.

                                       1
<PAGE>

3. M4E PERFORMANCE a) Redemption of Media Credit. Upon Company's request,
further pursuant to the guidelines detailed herein, M4E shall submit for Company
review and approval Copy for the first print or radio feature within five
business days of such request.

b) Production/Distribution/Publication. During the Redemption Period M4E shall
produce, distribute and gain placement/publication of nationally syndicated
newspaper features and/or nationally syndicated radio features (final recordings
to be provided to Company upon completion by M4E) on behalf of Company. Each
published feature shall be ascribed a Media Value, and the Media Value of all
respective features shall be applied against and reduce the Media Credit. The
entire value of the Media Credit shall be utilized within three (3) years,
commencing on the date the Company first reviews and approves copy pursuant to
Section 2(a) herein, and in no case commencing later than one (1) year from the
Effective Date hereof.

c) Media Value. For purposes of this Agreement, the Media Value of each aired
radio feature and each published newspaper feature shall be equivalent to each
respective radio station's or newspaper's official ad rate pricing policies,
measured by length in column inches of each complete story for print placements
and in total seconds of each radio feature for radio placements.

d) Reduction of Media Credit. The Media Value of all published news features and
all broadcasted radio features shall reduce the Media Credit, notwithstanding
any Company error in Copy approval or any subsequent editing by newspapers,
radio broadcasters, or any other third parties.

e) "MEDIA PLACEMENT GUARANTEE." M4E guarantees that the aggregate Media Value of
all published print and all broadcast radio features shall be equal to or
greater than the Media Credit created by this Agreement. In the event that the
Minimum Placement Guarantee is not met by the end of the Term, M4E shall create
additional, and/or re-distribute existing features at no cost to the Company
until the Media Placement Guarantee is reached.

f) Reports. M4E shall deliver weekly reports to the Company beginning ten (10)
weeks from the distribution date of each print and radio feature, and continuing
for a period of one (1) year. Reports shall include Media Value, estimated
listener and readership information, and actual newspaper clippings of all
reported published print features.

4. COMPANY PERFORMANCE

a) Redemption of Media Credit. The Company shall have one (1) year to begin
Campaign and thereby commence redemption of the Media Credit. Once commenced,
the redemption of the Media Credit must be completed within three (3) years.

b) Consultation and Cooperation. The Company shall consult with M4E pursuant to
Section 2(a) herein and use its best reasonable efforts to provide M4E with
information necessary to write Copy for the Campaign and to ensure the Company's
review of same.

c) Timeliness. The Company shall make a good faith effort to approve or submit
corrections to all Copy within seventy-two (72) hours of receipt thereof.
Failure of Company to approve or return corrected Copy within one (1) week of
receipt by Company shall constitute a material breach of this Agreement.

d) Investor Relations. When, and if, Company becomes publicly traded, Company
agrees to implement an investor relations plan and campaign reasonably
acceptable to M4E.

                                       2
<PAGE>

5. M4E COMPENSATION & ISSUANCE OF SHARES

a) Grant of Common Stock Shares. In consideration of M4E's commitment of the
Media Credit, the Company shall transfer to M4E, and/or its designee(s) listed
in "Exhibit A," attached hereto, within five business days of the Effective Date
Three Million Three Hundred Thousand (3,300,000) restricted shares and or units
of Company's common stock ("Compensation Shares"). M4E's performance hereunder
is contingent upon Company's timely transfer of Compensation Shares.

b) Transfer Agent Instructions. Upon the execution of this Agreement, the
Company shall issue instructions to the Company's transfer agent effecting the
provisions of Section 6(a) herein. Failure of Company to fully perform Section
6(a) or this Section 5(b) shall be a material breach and shall excuse any
further performance by M4E under this Agreement.

c) Nature of Compensation Shares. The Parties acknowledge and agree that: (i)
the rights and obligations defined by this Agreement become binding upon
execution of this Agreement; and (ii) the consideration for all Compensation
Shares transferred hereby, regardless of the date of transfer, is represented
solely by M4E's obligations hereunder, and M4E's interest in all Compensation
Shares transferred hereunder immediately and irrevocably vests in M4E upon the
execution of this Agreement; and (iii) the effective date of all Compensation
Shares transferred hereby, regardless of the actual date of transfer, shall be
the Effective Date hereof, and the tolling of any and all time periods relating
to the Shares, including but not limited to those relating to any restriction,
shall be calculated from the Effective Date hereof; and (iv) all Compensation
Shares transferred hereby shall be fully paid, non assessable, common shares of
the Company; (v) the number of Compensation Shares shall be adjusted for any
stock splits, stock dividends, combinations, recapitalizations and the like; and
(vi) no Shares transferred hereby shall be blocked in any way or subject to
rescission or cancellation for any reason except gross negligence or
malfeasance.

d) Intrinsic Value of Compensation Shares. The Parties acknowledge and agree:
(i) the market value of Company shares, calculated using a price quoted on the
exchange on which such shares trade, may not necessarily reflect a true and
accurate valuation of the Shares; (ii) the Media Value may bear no relationship
to the current or future value of the Compensation Shares.

e) Securities Documentation. M4E agrees to submit with an executed copy of this
Agreement any such documentation, including but not limited to a Confidential
Investor Questionnaire and Subscription Agreement, as Company's counsel may deem
necessary to comply with applicable securities laws related to the issuance of
the Compensation Shares.

f) Opinion Letter. Company agrees to accept and represent to Company's transfer
agent as valid, any opinion letter from M4E's counsel regarding restricted stock
status and the removal of the legend thereon.

g) Execution Fee. Company shall pay M4E an Execution Fee, payable in cash, of
two thousand nine hundred fifty dollars US ($2,950.00) per month for the
duration of the Campaign, for the express purpose of offsetting a portion of
M4E's costs associated with executing the Campaign. However, first payment under
this provision shall not commence until twelve (12) months after the start of
the Media Campaign, which, at company's request can be delayed for a maximum of
twelve (12) months (Section 2 a) from the Effective Date.

6. REGISTRATION RIGHTS

a) Piggyback and Demand Registration Rights. If, at any time or from time to
time after the Effective Date, the Company proposes to file a registration
statement covering any securities of the Company, other than an offering
registered on Form S-8 or Form S-4 (or successor forms relating to employee
stock plans and certain business combinations), the Company shall, not less than
thirty (30) days prior to the proposed filing date of the registration
statement, give written notice of the proposed registration to M4E. Company
agrees to include in such registration statement, all Compensation Shares as M4E
so instructs, which instructions shall be delivered in writing to the Company
within 20 days of M4E's receipt of Company's notice of such registration. If M4E
requests, or as the Parties may agree, that fewer shares than M4E then owns be
included in such registration statement, M4E shall continue to have piggyback
registration rights for succeeding registration statements until all
Compensation Shares have been registered. M4E may make one "demand" registration
request, under which Company agrees to file under the Securities Act of 1933, as
amended, a registration statement covering the Compensation Shares within 30
days after receipt of such request.

b) Registration Costs. Company will bear all expenses attendant to registering
the securities.

                                       3
<PAGE>

c) Liquidated Damages. In the event that the Company is required to include the
Compensation Shares in a registration statement pursuant to Section 6(a) herein,
and the Company fails to register the Compensation Shares, or if the
Compensation Shares are or become eligible for sale pursuant to Rule 144 and the
Company does not provide all required documents, including but not limited to
any required legal opinion letter to remove any stock restrictions, within one
week of written request from M4E, the Company shall pay as liquidated damages to
M4E, in legal tender of the United States, an amount equal to five percent (5%)
of the total value of this Agreement, for every thirty (30) day period until the
restrictions are lifted. The Parties hereto agree that damages due to Company's
breech hereunder are difficult to determine as of the Effective Date, and the
Liquidated Damages hereunder are meant to approximate M4E's damages, and are not
punitive.

7. DEFAULT

Any failure of the Company to (i) transfer Stock as required by Section 5,
herein; (ii) timely review and approve Copy supplied by M4E for review; or (iii)
act in good faith to effectuate the terms of this Agreement, shall constitute a
default. Upon Company's default, all amounts due M4E hereunder shall be due and
payable, and M4E may in its sole discretion immediately suspend performance and
terminate this Agreement.

8. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION

For the purposes of this Agreement, the expression "Confidential Information"
means all information of any nature previously, presently, or subsequently
disclosed by one party (the "Disclosing Party") to the other party (the
"Receiving Party"), relating to the Disclosing Party's business, including, but
not limited to, the terms of this Agreement, information concerning any entities
and/or interested parties and any analyses, compilations, studies other
documents which contain or otherwise reflect or are generated from such
information, all information relating to business, financial, customer and
product development plans, forecasts, lists, methods, strategies, compilations
and other information, inventions and ideas, including without limitation,
ideas, know how, inventions (whether patentable or not), schematics and other
technical information. However, Confidential Information does not include any
information that is generally known in the Receiving Party's industry at the
time of the signing of this Agreement, any information that the Receiving Party
rightfully had in its possession prior to the disclosure of such information to
the Receiving Party by the Disclosing Party, or any information disclosed after
the termination of this agreement. The Disclosing Party Shall: Keep all
Confidential Information secret and confidential; Not use any Confidential
Information to obtain any financial, commercial, trading and/or other advantage,
but rather use Confidential Information for the sole purpose of effectuating the
mutual transaction(s) contemplated hereby; Not disclose Confidential Information
to any third party whatsoever except as necessary to effectuate the terms of
this Agreement.

9. INDEMNIFICATION

Company shall indemnify and hold harmless M4E its agents, employees, legal
representatives, heirs, executors or assigns from and against any and all
losses, damages, expenses and liabilities (collectively "Liabilities") or
actions, investigations, inquiries, arbitrations, claims or other proceedings in
respect thereof, including enforcement of this Agreement (collectively
"Actions") (Liabilities and Actions are herein collectively referred to as
"Losses"). Losses include, but are not limited to all reasonable legal fees,
court costs and other expenses incurred in connection with investigating,
preparing, defending, paying, settling or compromising any suit in law or equity
arising out of this Agreement or for any breach of this Agreement
notwithstanding the absence of a final determination as to a Company's
obligation to reimburse any of M4E Covenantees for such Losses and the
possibility that such payments might later be held to have been improper.

10. CHOICE OF LAW/ARBITRATION

This Agreement shall be governed by and construed in accordance with laws and
judicial decisions of the Commonwealth of Virginia, without regard to its
principles of conflicts of laws. The resolution of all disputes, actions or
proceedings arising out of this Agreement shall be determined solely and
exclusively by arbitration, by a single arbitrator, under the rules of the
American Arbitration Association as then in effect. The place of arbitration
shall be Alexandria, Virginia. Any decision rendered by the Arbitrator shall be
final and binding, and any judgment upon any award rendered by the Arbitrator
may be entered in any court having jurisdiction.

11. PUBLIC ANNOUNCEMENTS

The Parties will jointly agree to the form of a public announcement of this
Agreement and the proposed services. Neither party will, without the other's
prior written consent and approval, issue any press release and/or other public
announcement relating to the terms and conditions set forth in (or the existence
of) this agreement or any additional press releases mentioning Media4Equity LLC

                                       4
<PAGE>

or any employee thereof, except for such disclosure to the public or to
governmental agencies as its counsel shall deem necessary to comply with any and
all applicable laws, rules or regulations. Company explicitly acknowledges and
agrees that no public announcement of any kind may be made until Compensation
Shares are issued pursuant to Section 5, above.

12. TERM/TERMINATION

a) Term. The terms of this Agreement shall be effective as of the Effective
Date, and continue until the later of (i) one

(1) year from the date the Company first approves media for placement (which
approval shall not be unreasonably withheld); or (ii) four (4) years from the
Effective Date. The terms, conditions, and obligations of Sections 9, 10, and 11
hereof shall survive the termination of this Agreement.

b) Term Certain. As the execution of this Agreement triggers the reallocation of
M4E's staff and resources, the Company may not terminate or cancel this
Agreement prior to the expiration of the Term set forth in Section 12(a) herein.

13. SUCCESSORS AND ASSIGNS

The Parties may not assign their rights or obligations hereunder except that M4E
may in its sole discretion assign the right to receive any compensation due
hereunder including without limitation any and all interest in the Compensation
Shares.

14. COUNTERPARTS

This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same agreement. A telefaxed copy of this Agreement shall be deemed an original.

15. HEADINGS

The headings used in this Agreement are for convenience of reference only and
shall not be deemed to limit, characterize or in any way affect the
interpretation of any provision of this Agreement.

16. MODIFICATION AND WAIVERS

No change, modification or waiver of any provision of this Agreement shall be
valid or binding unless it is in writing, dated subsequent to the Effective Date
of this Agreement, and signed by both the Company and M4E. No waiver of any
breach, term, condition or remedy of this Agreement by any party shall
constitute a subsequent waiver of the same or any other breach, term, condition
or remedy.

17. SEVERABILITY

If one or more provisions of this Agreement are held to be unenforceable under
applicable law, such provision(s) shall be excluded from this Agreement and the
balance of the Agreement shall be interpreted as if such provision(s) were so
excluded and shall be enforceable in accordance with its terms.

18. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement and understanding of the parties
with respect to the subject matter hereof and supersedes any and all prior
negotiations, correspondence, agreements, understandings duties or obligations
between the parties with respect to the subject matter hereof.

19. FURTHER ASSURANCES

From and after the date of this Agreement, upon the request of M4E, the Company
shall execute and deliver such instruments, documents or other writings as may
be reasonably necessary or desirable to carry out and effectuate fully the
intents and purposes of this Agreement.

                                       5
<PAGE>

20. NOTICES

All notices or other communications required or permitted by this Agreement
shall be in writing and shall be deemed to have been duly received: (i) if given
by telecopier, when transmitted and the appropriate telephonic confirmation
received if transmitted on a business day and during normal business hours of
the recipient, and otherwise on the next business day following transmission,
(ii) if given by certified or registered mail, return receipt requested, postage
prepaid, three business days after being deposited in the U.S. mails, or (iii)
if given by courier or other means, when received or personally delivered, and,
in any such case, to the address and contacts indicated on the signature page.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on August
27, 2008:

Media4Equity LLC:

/s/ R.D. Smith
----------------------------
Richard Smith/President
2841 Hartland Road #301
Falls Church, VA 22043 Company Name

Ingen Technologies, Inc.

/s/ Scott Sand
---------------------------
Scott Sand, CEO and Chairman
35193 Avenue A
Yucaipa CA 92399

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]