Document:

ex10-1.htm

Exhibit 10.1

PROMISSORY NOTE EXTENSION

         THIS PROMISSORY NOTE EXTENSION ("EXTENSION"), dated as of October 27, 2014, among Texas Jack Oil & Gas Corporation, Inc., a Nevada corporation (the "Company"), and Joan Isaacs, the ("Holder").

         WHEREAS, on September 5, 2013 the Company issued a Demand Note due September 5, 2014, to the Holder in an aggregate principal amount of $5,000 (the "Note");

         WHEREAS, the Company has requested that the Holder extend the payment of the note both in principal and interest until December 5, 2014 as set forth herein;

         NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements of the parties hereinafter set forth, the parties hereto hereby agree as follows:

 

 

WHEREAS, the Lender has agreed to extend the Repayment Date under the promissory note to December 5, 2014.

 

1. REPAYMENT DATE . The Lender and the Borrowers agree that the new Repayment Date under the promissory note shall be December 5, 2014.

 

2. REPAYMENT OF PRINCIPAL AND INTEREST. The Borrower hereby agrees and confirms that all principal and interest and any other amounts payable by the Borrower under the Promissory Note dated September 5, 2013, shall be repaid in full in cash (USD) on or prior to December 5, 2014, unless such amounts are repaid upon such other terms as the Holder may agree in its sole and absolute discretion.

 

3. Holder agrees to make the payments as specified in Paragraph (2) hereof and understands and agrees that:

(a) All the rights and remedies, stipulations, and conditions contained in said Promissory Note relating to default in the making of payments under the Promissory Note shall also apply to default in the making of said extension of payments hereunder.

 

(b) All covenants, agreements, stipulations, and conditions in said Promissory Note dated September 5, 2013 shall be and remain in full force and effect, except as herein modified, and none of the Company’s obligations or liabilities under said Promissory Note shall be diminished or released by any provisions hereof, nor shall this Agreement in any way impair, diminish, or affect any of the Holder’s rights under or remedies on the Promissory Note, whether such rights or remedies arise thereunder or by operation of law.

 

  

  

  

 

	
Dated: October 27, 2014

	
Payee Accepted By: Joan Isaacs

	  	
 

 

Joan Isaacs

	  	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  
	
 

 

 

Dated: October 27, 2014

	
 

 

 

Maker By:

	  	
Robert Schwarz as President of

	  	
Texas Jack Oil & Gas CorporationExhibit 10.2

 

FIRST AMENDMENT TO SEPARATION AND CONSULTING AGREEMENT

 

THIS FIRST AMENDMENT TO SEPARATION AND CONSULTING AGREEMENT (this “First Amendment”) is made and entered into as of the 13th day of November 2014, by and between Ian H. Fay (“Consultant”) and ZaZa Energy Corporation (the “Company”).

 

1.             Restatement of Separation and Consulting Agreement.  Except as stated herein, Consultant and the Company agree to restate and fully incorporate by reference herein the terms and conditions of the Separation and Consulting Agreement dated May 19, 2014 (the “Separation Agreement”), between the parties.

 

2.             Revisions to Sections 1 and 3 of Separation Agreement.  Sections 1 and 3 of the Separation Agreement are hereby amended to provide that no later than November 13, 2014, the Company shall pay to Consultant the lump sum of $487,500 (five hundred thirty-seven thousand, five hundred dollars) (the “Lump Sum Payment”).  Consultant shall be solely responsible for paying any income and other taxes associated with the Lump Sum Payment, and he agrees to indemnify and hold the Company harmless relating to any penalties, fines, judgments, attorneys’ fees, costs, or other financial obligations relating to his non-payment of income and other taxes relating to the Lump Sum Payment.  Consultant agrees and acknowledges that, except as provided for in Paragraph 3 of this First Amendment, the Lump Sum Payment is in complete satisfaction, and shall be made in lieu, of all other payments, monies and benefits that are otherwise or may be due to Consultant under the terms of the Separation Agreement and/or the parties’ Employment Agreement dated September 11, 2012 (the “Employment Agreement”), including but not limited to, the Consulting Fee, the payments referenced in Section 3 of the Separation Agreement, and any other payments, monies and benefits that are referenced in or relate to the Separation Agreement or Employment Agreement.

 

3.             Revision to Section 2 of Separation Agreement.  Section 2 of the Separation Agreement is hereby amended to provide that the Stock Grant shall vest in full no later than November 21, 2014, and that Consultant is no longer an insider or Access Person and shall no longer be subject to the Company’s Securities Trading Policy.  Consultant shall be solely responsible for any income and other tax consequences associated with the Stock Grant, and he agrees to indemnify and hold the Company harmless relating to any penalties, fines, judgments, attorneys’ fees, costs, or other financial obligations relating to his non-payment of income and other taxes relating to the Stock Grant.

 

4.             Termination of Consulting Arrangement.  Effective immediately, the parties’ consulting arrangement, as articulated in the Separation Agreement, is terminated.

 

5.             No Other Payments or Benefits.  Consultant agrees and acknowledges that except for the Lump Sum Payment and the Stock Grant, he is not entitled to any payment or benefits from the Company, and he expressly waives any and all rights to such payments and benefits.

 

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

 

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

 

	
 
    	
ZAZA   ENERGY CORPORATION
    
	
 
    	
 
    
	
 
    	
/s/ Paul Jansen
    
	
 
    	
By:   PAUL JANSEN
    
	
 
    	
CHIEF   FINANCIAL OFFICER
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CONSULTANT
    
	
 
    	
 
    
	
 
    	
/s/ Ian H. Fay
    
	
 
    	
IAN   H. FAY
    

 

2Exhibit 10.1

 

INDEMNIFICATION AGREEMENT

 

This INDEMNIFICATION AGREEMENT
(the "Agreement"), dated as of ______________, 2014, is entered into by and between FNBH Bancorp, Inc., a Michigan
corporation (the "Company"), and ______________________ (the "Director").

 

Background

 

A.         The
Board of Directors of the Company (the "Board") recognizes that qualified individuals have become more reluctant to serve
corporations as directors or in other capacities unless they are provided with adequate protection against risks of claims and
actions against them arising out of their service to and activities on behalf of the corporation. In addition, in light of increased
regulation and the difficulties that continue to challenge the financial services industry, the risk of serving as a director of
a bank holding company, such as the Company, has increased.

 

B.         The
Board has discussed the fact that the shareholders of the Company have already approved certain limitations on the liability of
directors to the Company and its shareholders and certain indemnification to be provided by the Company to its directors, as set
forth in the Company's Articles of Incorporation. The Michigan Business Corporation Act provides that the indemnification provisions
set forth in the Company's Articles of Incorporation are not exclusive. The statute permits the Company to enter into contractual
arrangements with its directors with respect to indemnification.

 

C.         The
Board has determined that the increased difficulty in attracting and retaining qualified individuals to serve on the Board is detrimental
to the best interests of the Company and its shareholders and that the Company should act to assure such persons that there will
be increased certainty of such protection in the future. The Board has determined that it is reasonable and prudent for the Company
to contractually obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted
by applicable law so they will serve or continue to serve the Company free from undue concern that they will not be so indemnified.

 

D.         This
Agreement is a supplement to and in furtherance of the Articles of Incorporation and Bylaws of the Company and shall not be deemed
a substitute for any such provisions, nor to diminish or abrogate any rights of Director pursuant to any such provisions.

 

Agreement

 

THEREFORE, in order
to induce Director to serve or continue to serve the Company as a director, and in consideration of the mutual covenants set forth
in this Agreement, the parties agree as follows:

 

1.          Definitions.
Certain terms used in this Agreement are defined as follows:

 

    	1

    	 

    

 

(a)          "Corporate
Status" describes the status of a person serving (or having served) as a director, officer, employee, or agent of the
Company or as a director, officer, partner, trustee, employee, or agent of any other corporation, partnership, joint venture, trust,
or other enterprise at the request of the Company, including (without limitation) such person's service as a director of First
National Bank in Howell, the wholly-owned subsidiary of the Company.

 

(b)          "Enterprise"
shall mean the Company and any other corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise
that Director is or was serving at the request of the Company as a director, officer, partner, trustee, employee, or agent.

 

(c)          "Expenses"
shall include all reasonable attorneys' fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses,
duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
participating, or being or preparing to be a witness in a Proceeding, or responding to, or objecting to, a request to provide discovery
in any Proceeding; provided, however, that Expenses shall not include amounts paid in settlement by Director or the amount of judgments,
fines, or penalties against Director.

 

(d)          "Independent
Counsel" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent (i) the Company or Director in any matter material to either such
party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification pursuant to this Agreement; provided,
however, that Independent Counsel shall not include any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the Company or Director in an action to determine Director's
rights under this Agreement. For the purposes of applying the preceding sentence, a law firm's or a lawyer's service as Independent
Counsel pursuant to this Agreement or a similar indemnification agreement to which the Company is a party during the preceding
five years shall not disqualify such firm or lawyer as an Independent Counsel.

 

(e)          "Proceeding"
includes any threatened, pending, or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation,
inquiry, administrative hearing, or any other actual, threatened, or completed proceeding, whether brought by or in the right of
the Company or otherwise and whether civil, criminal, administrative, or investigative, and whether formal or informal, in which
Director was, is, or will be involved as a party or otherwise, by reason of his or her Corporate Status or by reason of any action
taken by him or her (or any inaction on his or her part) while acting in his or her Corporate Status; in each case whether or not
he or she is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification
can be provided under this Agreement, but excluding any such proceeding initiated by Director to enforce his or her rights under
this Agreement.

 

2.           Agreement
to Serve. Director agrees to serve as a director of the Company to the best of his or her ability so long as he or she is duly
elected and qualified in accordance with the Articles of Incorporation and Bylaws of the Company or until his or her earlier resignation
or removal. The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed
on it pursuant to this Agreement in order to induce Director to serve or continue to serve as a director of the Company, and the
Company acknowledges that Director is relying upon this Agreement in serving as a director of the Company.

 

    	2

    	 

    

 

3.           Indemnification
of Director. The Company agrees to hold harmless and indemnify Director to the fullest extent permitted by law, as such may
be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality of the foregoing
indemnification:

 

(a)          Proceedings
Other Than Proceedings by or in the Right of the Company. Director shall be entitled to the rights of indemnification provided
in this Section 3(a) if, by reason of his or her Corporate Status, Director is, or is threatened to be made, a party to or participant
in any Proceeding other than a Proceeding by or in the right of the Company. Pursuant to this Section 3(a), Director shall be indemnified
against all Expenses, judgments, penalties, fines, and amounts paid in settlement actually and reasonably incurred by him or her,
or on his or her behalf, in connection with such Proceeding or any claim, issue, or matter in such Proceeding.

 

(b)          Proceedings
by or in the Right of the Company. Director shall be entitled to the rights of indemnification provided in this Section 3(b)
if, by reason of his or her Corporate Status, Director is, or is threatened to be made, a party to or participant in any Proceeding
brought by or in the right of the Company. Pursuant to this Section 3(b), Director shall be indemnified against (i) all Expenses,
judgments, penalties, and fines actually and reasonably incurred by him or her, or on his or her behalf, in connection with such
Proceeding or any claim, issue, or matter in such Proceeding; and (ii) all amounts paid in settlement actually and reasonably incurred
by him or her, or on his or her behalf, in connection with such Proceeding or any claim, issue, or matter in such Proceeding if
Director acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the
Company or its shareholders. Notwithstanding the foregoing, if applicable law so provides, no indemnification pursuant to the preceding
sentence (including, without limitation, against Expenses) shall be made in respect of any claim, issue, or matter in such Proceeding
as to which Director shall have been adjudged to be liable to the Company unless and to the extent that a court of competent jurisdiction
shall determine that such indemnification may be made.

 

(c)          Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent
that Director is, by reason of his or her Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding,
he or she shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses
actually and reasonably incurred by him or her or on his or her behalf in connection with such Proceeding. If Director is not wholly
successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues,
or matters in such Proceeding, the Company shall indemnify Director against all Expenses actually and reasonably incurred by him
or her or on his or her behalf in connection with each successfully resolved claim, issue, or matter. For purposes of this Section
3(c) and without limitation, the termination of any claim, issue, or matter in such a Proceeding by dismissal, with or without
prejudice, shall be deemed to be a successful result as to such claim, issue, or matter.

 

    	3

    	 

    

 

4.           Contribution.

 

(a)          Joint
Liability. Whether or not the indemnification provided in Section 3 above is available, in respect of any Proceeding in which
the Company is jointly liable with Director (or would be if joined in such Proceeding), the Company shall pay, in the first instance,
the entire amount of any judgment or settlement of such Proceeding without requiring Director to contribute to such payment, and
the Company waives and relinquishes any right of contribution it may have against Director. The Company shall not enter into any
settlement of any Proceeding in which the Company is jointly liable with Director (or would be if joined in such Proceeding) unless
such settlement provides for a full and final release of all claims asserted against Director.

 

(b)          Contribution
to Amounts Paid by Director. Without diminishing or impairing the obligations of the Company set forth in Section 4(a) above,
if, for any reason, Director shall elect or be required to pay all or any portion of any judgment or settlement in any Proceeding
in which the Company is jointly liable with Director (or would be if joined in such Proceeding), the Company shall contribute to
the amount of Expenses, judgments, fines, and amounts paid in settlement actually and reasonably incurred and paid or payable by
Director in proportion to the relative benefits received by the Company and all officers, directors, or employees of the Company,
other than Director, who are jointly liable with Director (or would be if joined in such Proceeding), on the one hand, and Director,
on the other hand, from the transaction or events from which such Proceeding arose; provided, however, that the proportion determined
on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative
fault of the Company and all officers, directors, or employees of the Company other than Director who are jointly liable with Director
(or would be if joined in such Proceeding), on the one hand, and Director, on the other hand, in connection with the transaction
or events that resulted in such Expenses, judgments, fines, or settlement amounts, as well as any other equitable considerations
that applicable law may require to be considered. The relative fault of the Company and all officers, directors, or employees of
the Company, other than Director, who are jointly liable with Director (or would be if joined in such Proceeding), on the one hand,
and Director, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were
motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary, and the
degree to which their conduct is active or passive.

 

(c)          Additional
Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement
is unavailable to Director for any reason, the Company, in lieu of indemnifying Director, shall contribute to the amount incurred
by Director, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement, and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the
Company and Director as a result of the transaction or events giving cause to such Proceeding and/or (ii) the relative fault of
the Company (and its directors, officers, employees, and agents) and Director in connection with such transaction or events.

 

    	4

    	 

    

 

5.           Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Director is, by reason
of his or her Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which Director
is not a party, he or she shall be indemnified against all Expenses actually and reasonably incurred by him or her on his or her
behalf in connection with acting as such witness or responding to such discovery requests.

 

6.           Advancement
of Expenses. Notwithstanding any other provision of this Agreement, the Company shall, from time to time, advance all Expenses
incurred by or on behalf of Director in connection with any Proceeding in which Director is involved by reason of his or her Corporate
Status within 30 days after the receipt by the Company of a statement from Director requesting such advance, whether prior to or
after final disposition of such Proceeding. Such statement shall reasonably evidence the Expenses incurred by Director and shall
include or be preceded or accompanied by a written undertaking by or on behalf of Director to repay any Expenses advanced if it
shall ultimately be determined that Director is not entitled to be indemnified against such Expenses. Any advances and undertakings
to repay pursuant to this Section 6 shall be unsecured and interest-free.

 

7.           Procedures
for Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure for Director rights of indemnity
that are as favorable as may be permitted under the Michigan Business Corporation Act (and any successor statute) and public policy
of the State of Michigan. Accordingly, the parties agree that the following procedures and presumptions shall apply, to the maximum
extent permissible by law, in the event of any question as to whether Director is entitled to indemnification under this Agreement:

 

(a)          Request
for Indemnification. To obtain indemnification under this Agreement, Director shall submit to the Company a written request,
together with such documentation and information as is reasonably available to Director and is reasonably necessary to determine
whether and to what extent Director is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of
such a request for indemnification, advise the Board in writing that Director has requested indemnification. Notwithstanding the
foregoing, any failure of Director to provide such a request to the Company, or to provide such a request in a timely fashion,
shall not relieve the Company of any liability that it may have to Director unless, and to the extent that, such failure actually
and materially prejudices the interests of the Company.

 

(b)          Person
to Determine Entitlement to Indemnification. Upon written request by Director for indemnification pursuant to Section 7(a)
above, a determination with respect to Director's entitlement to such indemnification shall be made in the specific case by one
of the following four methods, which shall be at the election of the Board: (i) by a majority vote of the disinterested directors,
even though less than a quorum, (ii) by a committee of disinterested directors designated by a majority vote of the disinterested
directors, even though less than a quorum, (iii) if there are no disinterested directors or if the disinterested directors so direct,
by Independent Counsel, selected by the Board, in a written opinion to the Board, a copy of which shall be delivered to the Director,
or (iv) if so directed by the Board, by the shareholders of the Company. For purposes of this Agreement, disinterested directors
are those members of the Board who are not parties to the Proceeding in respect of which indemnification is sought by Director.

 

    	5

    	 

    

 

(c)          Timing
for Determination. If the person, persons, or entity empowered or selected under Section 7(b) to determine whether Director
is entitled to indemnification shall not have made a determination within 60 days after receipt by the Company of the request for
indemnification, the requisite determination of entitlement to indemnification shall be deemed to have been made and Director shall
be entitled to such indemnification absent (i) a misstatement by Director of a material fact, or an omission of a material fact
necessary to make Director’s statement not materially misleading, in connection with the request for indemnification, or
(ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for
a reasonable time, not to exceed an additional 30 days, if the person, persons, or entity making such determination with respect
to entitlement to indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information
relating to such entitlement; and provided further, that the foregoing provisions of this Section 7(c) shall not apply if the determination
of entitlement to indemnification is to be made by the shareholders pursuant to Section 7(b) above and if (A) within 15 days after
receipt by the Company of the request for such determination, the Board or the disinterested directors, if appropriate, resolve
to submit such determination to the shareholders for their consideration at an annual meeting of shareholders to be held within
75 days after such receipt and such determination is made at such annual meeting, or (B) a special meeting of shareholders is called
within 15 days after such receipt for the purpose of making such determination, such meeting is held for such purpose within 60
days after having been so called, and such determination is made at such special meeting.

 

(d)          Cooperation
by Director. Director shall cooperate with the person, persons, or entity making such determination with respect to Director's
entitlement to indemnification, including providing to such person, persons, or entity upon reasonable advance request any documentation
or information that is not privileged or otherwise protected from disclosure and that is reasonably available to Director. Any
Independent Counsel, member of the Board, or shareholder of the Company shall act reasonably and in good faith in making a determination
regarding Director's entitlement to indemnification under this Agreement. Any costs or expenses (including attorneys' fees and
disbursements) incurred by Director in so cooperating with the person, persons, or entity making such determination shall be borne
by the Company (irrespective of the determination as to Director's entitlement to indemnification) and the Company agrees to indemnify
and hold Director harmless from such costs and expenses.

 

(e)          Certain
Resolutions of Proceedings. The Company acknowledges that a settlement or other disposition short of final judgment may be
successful if it permits a party to avoid expense, delay, distraction, disruption, and uncertainty. If any Proceeding to which
Director is a party is resolved in any manner other than by adverse judgment against Director (including, without limitation, settlement
of such Proceeding with or without payment of money or other consideration), it shall be presumed that Director has been successful
on the merits or otherwise in such Proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the
burden of persuasion by clear and convincing evidence. The termination of any Proceeding or of any claim, issue, or matter of any
Proceeding, by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not
(except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Director to indemnification
or create a presumption that Director did not act in good faith and in a manner which he or she reasonably believed to be in or
not opposed to the best interests of the Company or its shareholders.

 

    	6

    	 

    

 

8.           Non-Exclusivity;
Insurance; Subrogation; No Duplication.

 

(a)          Non-Exclusivity.
The rights of indemnification provided by this Agreement shall not be deemed exclusive of any other rights to which Director
may at any time be entitled under applicable law, the Articles of Incorporation, the Bylaws, any agreement, a vote of shareholders,
a resolution of directors of the Company, or otherwise. No amendment, alteration, or repeal of this Agreement or of any provision
of this Agreement shall limit or restrict any right of Director under this Agreement in respect of any action taken or omitted
by such Director in his or her Corporate Status prior to such amendment, alteration, or repeal. To the extent a change in the Michigan
Business Corporation Act (or any successor statute), whether by statute or judicial decision, permits greater indemnification than
would be afforded currently under the Articles of Incorporation, Bylaws, and this Agreement, it is the intent of the parties that
Director shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy conferred by this Agreement
is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition
to every other right and remedy given pursuant to this Agreement or now or hereafter existing at law or in equity or otherwise.
The assertion of any right or remedy pursuant to this Agreement, or otherwise, shall not prevent the concurrent assertion or employment
of any other right or remedy.

 

(b)          Insurance.
To the extent the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
partners, trustees, employees, or agents of the Company or of any other corporation, partnership, joint venture, trust, or other
enterprise that such person serves at the request of the Company, Director 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 director, officer, partner, trustee, employee,
or agent under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms of this Agreement,
the Company has directors' and officers' liability insurance in effect, the Company shall give prompt notice of the commencement
of such claim 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 Director, all amounts payable as a result of
such Proceeding in accordance with the terms of such policies.

 

(c)          Subrogation.
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Director, who shall execute all documents required and take all actions necessary for Company to secure and
enforce such rights.

 

(d)          No
Duplication. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable pursuant
to this Agreement if and to the extent that Director has otherwise actually received such payment under any insurance policy, contract,
agreement, or otherwise. The Company's obligation to indemnify or advance Expenses pursuant to this Agreement to Director who is
or was serving at the request of the Company as a director, officer, partner, trustee, employee, or agent of any other corporation,
partnership, joint venture, trust, or other enterprise shall be reduced by any amount Director has actually received as indemnification
or advancement of expenses from such other corporation, partnership, joint venture, trust, or other enterprise.

 

    	7

    	 

    

 

9.           Exceptions
to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this
Agreement to make any indemnity in connection with any claim made against Director: (i) for which payment has actually been made
to or on behalf of Director under any insurance policy or other indemnity provision, except with respect to any excess beyond the
amount paid under any insurance policy or other indemnity provision; or (ii)

for an accounting of profits made from the
purchase and sale (or sale and purchase) by Director of securities of the Company within the meaning of Section 16(b) of
the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or (iii) in connection
with any Proceeding (or any part of any Proceeding) initiated by Director, including any Proceeding (or any part of any Proceeding)
initiated by Director against the Company or its directors, officers, or employees, unless the Board authorized the Proceeding
(or any part of any Proceeding) prior to its initiation or the Company provides the indemnification, in its sole discretion, pursuant
to the powers vested in the Company under applicable law; or (iv) to the extent such indemnity is deemed to violate any applicable
law, rule, or regulation.

 

10.          Duration
of Agreement; Binding Effect. All agreements and obligations of the Company contained in this Agreement shall continue during
the period Director is a director of the Company (or is or was serving at the request of the Company as a director, officer, partner,
trustee, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise) and for a period of
two years thereafter and shall continue thereafter so long as Director shall be subject to any Proceeding by reason of his or her
Corporate Status, whether or not he or she is acting or serving in any such capacity at the time any liability or Expense is incurred
for which indemnification can be provided under this Agreement. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties and their respective successors (including any direct or indirect successor by purchase, merger,
consolidation, or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses, heirs, executors,
and personal and legal representatives.

 

11.          Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes
all prior agreements and understandings, oral, written, and implied, between the parties with respect to such subject matter.

 

12.          Severability.
Notwithstanding any provision of this Agreement to the contrary, the invalidity or unenforceability of any provision of this Agreement
shall in no way affect the validity or enforceability of any other provision. Without limiting the generality of the foregoing,
this Agreement is intended to confer upon Director indemnification rights to the fullest extent permitted by applicable laws, including
federal and state laws. In the event any provision of this Agreement conflicts with any applicable law, such provision shall be
deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

 

    	8

    	 

    

 

13.          Modification
and Waiver. No supplement, modification, termination, or amendment of this Agreement shall be binding unless executed in writing
by both of the parties. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions of this Agreement (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

14.          Notice
By Director. Director agrees to promptly notify the Company in writing upon being served with or otherwise receiving any summons,
citation, subpoena, complaint, indictment, information, or other document relating to any Proceeding or matter that may be subject
to indemnification covered by this Agreement. The failure to so notify the Company shall not relieve the Company of any obligation
which it may have to Director under this Agreement or otherwise unless and only to the extent that such failure or delay materially
prejudices the Company.

 

15.          Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during
normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five days after having been
sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications to Director
shall be sent to the primary address for the Director on file with the Company or to such other address as may have been furnished
to the Company by Director. All communications to the Company shall be sent to the attention of its President at its principal
executive office or to such other address as may have been furnished to Director by the Company.

 

16.          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 the same instrument.

 

17.          Headings.
The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction of this Agreement.

 

18.          Governing
Law and Consent to Jurisdiction. This Agreement and the legal relations between the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Michigan, without regard to its conflict of laws rules. The
Company and Director irrevocably and unconditionally that any dispute arising under this Agreement shall be subject to the exclusive
jurisdiction and venue of courts located in either Livingston or Kent County, Michigan. To the maximum extent permitted by applicable
law, each party to this Agreement expressly and irrevocably consents to the personal jurisdiction and venue of such courts and
waives any objections it may have based on improper venue or forum non conveniens to the conduct of any such proceeding
in any such court.

 

[Signatures appear on following page.]

 

    	9

    	 

    

 

INTENDING TO BE LEGALLY
BOUND, the parties have executed this Indemnification Agreement as of the date first above written.

 

	COMPANY:	 	DIRECTOR:
	FNBH Bancorp, Inc.	 	 
	 	 	 
	 	 	 
	By:  Ronald L. Long	 	Print name: 	 
	Its:  President & CEO	 	 	 

 

    	10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]