Document:

MTRN-EX4.1_2015.4.3

Exhibit 4.1
        
AMENDMENT NO. 6
TO
THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT
THIS AMENDMENT NO. 6 TO THIRD AMENDED AND RESTATED PRECIOUS METALS AGREEMENT (this “Amendment”) is made as of April 10, 2015, by and among THE BANK OF NOVA SCOTIA, a Canadian chartered bank (the “Metal Lender”); MATERION CORPORATION (f/k/a Brush Engineered Materials Inc.), an Ohio corporation (“BEM”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES INC. (f/k/a Williams Advanced Materials Inc.), a New York corporation (“WAM”); MATERION TECHNICAL MATERIALS INC. (f/k/a Technical Materials, Inc.), an Ohio corporation (“TMI”); MATERION BRUSH INC. (f/k/a Brush Wellman Inc.), an Ohio corporation (“BWI”); MATERION TECHNOLOGIES INC. (f/k/a Zentrix Technologies Inc.), an Arizona corporation (“ZTI”); MATERION BREWSTER LLC (f/k/a Williams Acquisition, LLC), a New York limited liability company d/b/a Pure Tech (“Pure Tech”); MATERION PRECISION OPTICS AND THIN FILM COATINGS CORPORATION (f/k/a Thin Film Technology, Inc.), a California corporation (“TFT”); MATERION LARGE AREA COATINGS LLC (f/k/a Techni-Met, LLC), a Delaware limited liability company (“TML”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES CORP. (f/k/a Academy Corporation), a New Mexico corporation (“AC”); MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES LLC (f/k/a Academy Gallup, LLC), a New Mexico limited liability company (“AG”); and such other Subsidiaries of BEM who may from time to time become parties by means of their execution and delivery with the Metal Lender of a Joinder Agreement under the Precious Metals Agreement (as defined below).  BEM, WAM, TMI, BWI, ZTI, Pure Tech, TFT, TML, AC, AG and such Subsidiaries are herein sometimes referred to collectively as the “Customers” and each individually as a “Customer”.
WITNESSETH:
WHEREAS, the Metal Lender and the Customers are parties to a certain Third Amended and Restated Precious Metals Agreement, effective as of October 1, 2010, as amended by that certain Amendment No. 1, dated as of March 31, 2011, that certain Amendment No. 2, dated as of August 18, 2011, that certain Amendment No. 3, dated as of October 17, 2011, that certain Amendment No. 4, dated as of September 13, 2013, and that certain Amendment No. 5, dated as of January 13, 2015  (as amended, the “Precious Metals Agreement”); and
WHEREAS, the parties hereto desire to amend the list of Approved Refiners/Fabricators under the Precious Metals Agreement as hereinafter provided;
NOW, THEREFORE, for value received and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby amend the Precious Metals Agreement and agree, effective as of the date first written above, as follows:
1.Amendment.  Schedule 1 (Approved Locations) of the Precious Metals Agreement is hereby amended and restated in its entirety to read as set forth in Annex I hereto.
2.Representations and Warranties.  To induce the Metal Lender to enter into this Amendment, each Customer hereby represents and warrants to the Metal Lender that:  (a) such Customer has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to fulfill its obligations hereunder and to consummate the transactions contemplated hereby; (b) the making and performance by such Customer of this Amendment do not and will not violate any law or regulation of the jurisdiction of its organization or any other law or regulation applicable to it; (c) this Amendment has been duly executed and delivered by such Customer and constitutes the legal, valid and binding obligation of such Customer, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and except as the same may be subject to general principles of equity; and (d) on and 

as of the date hereof, after giving effect to this Amendment, no Default or Event of Default exists under the Precious Metals Agreement.
3.Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and performed in such State. 
4.Integration.  The Precious Metals Agreement, as amended hereby, together with the other Precious Metal Documents, is intended by the parties as the final, complete and exclusive statement of the transactions evidenced by the Precious Metals Agreement.  All prior or contemporaneous promises, agreements and understandings, whether oral or written, are deemed to be superseded by the Precious Metals Agreement, as amended hereby, and no party is relying on any promise, agreement or understanding not set forth in the Precious Metals Agreement, as amended hereby.  The Precious Metals Agreement, as amended hereby, may not be amended or modified except by a written instrument describing such amendment or modification executed by the Customers and the Metal Lender.  The parties hereto agree that this Amendment shall in no manner affect or impair the liens and security interests evidenced or granted by the Precious Metals Agreement or in connection therewith.
5.Ratification.  Except as amended hereby, the Precious Metals Agreement shall remain in full force and effect and is in all respects hereby ratified and affirmed.
6.Signatures.  This Amendment may be executed by the parties hereto in several counterparts hereof and by the different parties hereto on separate counterparts hereof, each of which shall be an original and all of which shall together constitute one and the same agreement.  Delivery of an executed signature page of this Amendment by electronic transmission shall be effective as an in hand delivery of an original executed counterpart hereof.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned parties have caused this Amendment to be executed by their duly authorized officers as of the date first written above.

	
		
	CUSTOMERS:
	 

	MATERION CORPORATION

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Vice President, Treasurer and Secretary
	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES INC.

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Vice President, Treasurer and Secretary

	MATERION TECHNICAL MATERIALS INC.

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Vice President, Treasurer and Secretary
	MATERION BRUSH INC.

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Vice President, Treasurer and Secretary

	MATERION TECHNOLOGIES INC.

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Chief Financial Officer and Secretary
	MATERION BREWSTER LLC

By: /s/ Michael C. Hasychak
     Michael C. Hasychak
     Treasurer

	MATERION PRECISION OPTICS AND THIN FILM COATINGS CORPORATION

By: /s/ Gary W. Schiavoni
      Gary W. Schiavoni
      Secretary
	MATERION LARGE AREA COATINGS LLC

By: /s/ Gary W. Schiavoni
     Gary W. Schiavoni
      Asst. Secretary and Asst. Treasurer

	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES CORP.

By: /s/ Gary W. Schiavoni
      Gary W. Schiavoni
      Asst. Secretary and Asst. Treasurer
	MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES LLC

By: /s/ Donald G. Klimkowicz
     Donald G. Klimkowicz
     Manager

	METAL LENDER:
	 

	THE BANK OF NOVA SCOTIA

By: /s/ Bimaldas
Name: Bimaldas
Title: Managing Director
	

By: /s/ Karl Hernstein
Name: Karl Hernstein
Title: Directors

ANNEX I
SCHEDULE 1
APPROVED LOCATIONS
	
		
	Approved Domestic Locations

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.)
2978 Main Street
Buffalo, New York 14214
	Materion Large Area Coatings LLC (f/k/a Techni-Met, LLC)
300 Lamberton Road
Windsor, Connecticut  06095

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.)
2080 Lockport Road
Wheatfield, New York 14304
	Materion Large Area Coatings LLC (f/k/a Techni-Met, LLC)
30 East Newberry Rd.
Bloomfield, Connecticut  06002

	Materion Brewster LLC (f/k/a Williams Acquisition, LLC)
42 Mt. Ebo Road South
Brewster, New York 10509
	Cerac, inc. (a Materion Advanced Materials Technologies and Services site)
404-407 N. 13th St. and
1316 W. St. Paul St.
Milwaukee, Wisconsin 53233

	Materion Brush Inc. (f/ka/ Brush Wellman Inc.)
14710 W. Portage River South Rd.
Elmore, Ohio  43416-9502
	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.)
3500 Thomas Rd, Suite C
Santa Clara, California 95054

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
6905 Washington Avenue NE
Albuquerque, New Mexico 87109
	Materion Brush Inc. (f/ka/ Brush Wellman Inc.)
27555 College Park Drive
Warren, Michigan  48088

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5520 Midway Park Place NE
Albuquerque, New Mexico 87109
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5531 Midway Park Place NE
Albuquerque, New Mexico 87109

	Materion Technical Materials Inc.
(f/k/a Technical Materials, Inc.)
5 Wellington Road
Lincoln, Rhode Island 02865
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5941 Midway Park Place NE
Albuquerque, New Mexico 87109

	
		
	Approved Foreign Locations

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
110 Paya Lebar Road #02-01
Singapore Warehouse
Singapore 409009
	Materion Czech S.R.O. (f/k/a OMC Scientific, Czech S.R.O)
Prumyslova ul.
440 01 Louny
Czech Republic

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
10 Arumugan Rd.
Lion Industrial Bldg.
Singapore Warehouse
Singapore 4099957
	Seagate
1 Disc Drive
Springtown Industrial Estate
Londonderry, Northern Ireland
BT48 OBF United Kingdom

	
		
	Materion Advanced Materials Technologies and Services Taiwan Co. Ltd. (f/k/a Williams Advanced Materials Technology Taiwan Co., Ltd.)
No. 19 Zhongxing 1st St.
Luzhu Shiang, Taoyuan County
Taiwan, ROC
	Materion Advanced Materials Technologies and Services Suzhou Ltd. (f/k/a Williams Advanced Materials (Suzhou) Ltd.)
No. 28, Su Tong Road
Suzhou Industrial Park
China  215021

	Materion Ireland Holdings Limited (f/k/a OMC Scientific Holdings Limited)
Ballysimon Road
Limerick, Ireland
	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.) - Philippines
Bldg. 8365 Argionaut Highway
Cubi Pt.
Subic Bay Freeport Zone
Philippines  2222

	Materion Advanced Materials Technologies and Services Far East Pte. Ltd. (f/k/a Williams Advanced Materials Far East PTE Ltd.)
28 Woodlands Loop #10-00
Singapore 738308
	 

	Approved Refiners / Fabricators

	Coining of America
280 Midland Avenue
Saddle Brook, New Jersey 07663
	Johnson Matthey Limited
130 Glidden Road 
Brampton, Ontario, Canada L6W 3M8

	Sigmund Cohn Corp.
121 South Columbus Avenue
Mount Vernon, New York 10553
	Johnson Matthey
Orchard Road
Royston, Hertfordshire, England SG8 5HE

	Sofield Mfg.
2 Main Street
Ridgefield Park, New Jersey 07660
	Johnson Matthey
2001 Nolte Drive
West Deptford, New Jersey 08066

	NuTec Metal Joining Products
12999 Plaza Drive
Cleveland, Ohio 44193
	Rohm & Haas Electric Materials LLC
272 Buffalo Avenue
Freeport, New York 11520

	BASF Catalysts, LLC
554 Engelhard Drive
Seneca, South Carolina 29679
	Sabin Metal Corp.
300 Pantigo Place
East Hampton, New York 11937

	Heraeus Metal Processing, Inc.
13429 Alondra Blvd.
Santa Fe Springs, California 90670
	Seagate Technology
7801 Computer Ave.
Bloomington, MN 55435

	Marian, Inc.
1011 East Saint Clair Street
Indianapolis, Indiana  46202
	Marian, Inc.
2787 South Freeman Road
Monticello, Indiana  47960

	Mastermelt America LLC
319 Industrial Park Road
Sweetwater, Tennessee  37847
(With a value (determined in accordance with Section 2.2 of the Agreement) not in excess of $2,000,000.)
	Ohio Precious Metals LLC
16064 Beaver Pike
Jackson, OH 45640

	United Precious Metal Refining, Inc.
2781 Townline Road
Alden, NY 14004
	 

	Approved Subconsignees and Approved Subconsignee Locations

	Honeywell
830 Arapaho Road
Richardson, Texas 75081
	International Rectifier
a Hexfet America Facility
41915 Business Park Drive
Temecula, California  92590

	Triquint Semiconductor
500 W. Renner Road
Richardson, Texas 75083-3938
	International Rectifier
Cardiff Road
Newport
South Wales, England  NP10 8YJ

	
		
	Triquint Semiconductor
2300 N.E. Brookwood Pkwy.
Hillsboro, Oregon  97124
	Hewlett Packard
1055 NE Circle Blvd.
Chemical Storage Building
Corvallis, OR 97330

	Triquint Semiconductor
1818 Highway 441, S
Apopka, Florida  32703
	PPG Industries
400 Park Drive, Works #6
Carlisle, Pennsylvania  17013

	PPG Industries
7400 Central Freeway
Wichita Falls, Texas  76306
	PPG Industries
4004 Fairview Industrial Drive SE, Works #12
Salem, Oregon  97302

	Cree, Inc.
4600 Silicon Drive
Durham, North Carolina 27703
	 

	Approved Storage Facility Locations

	Materion Advanced Materials Technologies and Services Inc. (f/k/a Williams Advanced Materials Inc.)
2978 Main Street
Buffalo, New York 14214
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5531 Midway Park Place NE
Albuquerque, New Mexico 87109

	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
6905 Washington Avenue NE
Albuquerque, New Mexico 87109
	Materion Advanced Materials Technologies and Services Corp. (f/k/a Academy Corporation)
5941 Midway Park Place NE
Albuquerque, New Mexico 87109Exhibit 10.1

 

ADMINISTRATIVE
SERVICES AGREEMENT

 

THIS
ADMINISTRATIVE SERVICES AGREEMENT, dated as of April 29, 2015 (this “Agreement”), is entered into by
and among Patriot Energy, Inc., a North Dakota corporation (“Patriot”), and Breitling Energy Corporation,
a Nevada corporation (“Company”) (collectively, the “Parties”).

 

WITNESSETH:

 

WHEREAS,
Company is in the business of acquiring working interests and royalty interests in oil and gas properties and offering a portion
of those interests to industry partners in exchange for keeping an interest in those properties;

 

WHEREAS,
Patriot is in the business of offering working interests and royalty interests to clients and retaining a portion of such interests;

 

WHEREAS,
Company anticipates that it will continue to source prospects for working interest and royalty interest investments that Company
will not acquire (“Prospects”); and

 

WHEREAS,
Company desires to give Patriot access to Prospects in exchange for Patriot’s agreement to pay certain fees to Company.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein, the Parties hereto agree as follows:

 

Section
1.Term. This Agreement shall be effective as of the date hereof and shall continue, with respect to each Company
Administrative Service (as defined below), through the third anniversary of the date hereof (the “Termination Date”),
which date may be extended by agreement among the parties.

 

Section
2.Company Administrative Services. From the date hereof through the Termination Date (the “Term”),
Company shall provide to Patriot (each, a “Company Administrative Service” and collectively, the “Company
Administrative Services”) access to certain of the Company’s Prospects for acquisitions of working interests
and/or royalty interests. Notwithstanding the foregoing, the Company may, in its own discretion, elect to acquire all or any part
of any Prospect of which it becomes aware. Patriot shall not have the right to acquire all or any part of any Prospect that the
Company desires to acquire for itself. If the Company generates a Prospect and decides not to acquire any or all of it, the Company
shall offer the Prospect to Patriot hereunder.

 

    	

    	 

    

 

Section
3.Billing and Payment.

 

(a)Patriot
shall pay Company for the Company Administrative Services: (a) $300,000 per month, (b) $250,000 per Prospect delivered to Patriot,
and (c) a carried interest in each Prospect acquired in an the amount up to 25% of such Prospect acquired by Patriot (regardless
of the amount of the Prospect resold by Patriot to clients). Company shall provide Patriot with an invoice within thirty (30)
days following each month of the Term detailing the fees incurred by Patriot during such month.

 

(b)Unless
otherwise provided herein, Patriot shall pay all invoices by wire transfer of immediately available funds in accordance with the
instructions provided by Company in writing to Patriot, as applicable, not later than 10 days following receipt by Patriot of
Company’s invoice. Patriot shall not offset any amounts owing to it by Company against amounts payable by Patriot hereunder
or under any other agreement or arrangement. Should Patriot dispute any portion of any invoice, Patriot shall promptly notify
Company in writing of the nature and basis of the dispute.

 

(c)If
Patriot fails to pay the full amount of any invoice within 30 days after the relevant payment date, such failure shall be considered
a material breach of this Agreement (except to the extent of any invoiced amounts reasonably disputed by Patriot in good faith
and of which dispute Patriot has notified Company in accordance with the requirements of this Agreement). Company may, without
liability, suspend its obligations hereunder to provide any and all of the Company Administrative Services to Patriot until such
time as such invoices have been paid in full (except to the extent of any invoiced amounts reasonably disputed by Patriot in good
faith and of which dispute Patriot has notified Company in accordance with the requirements of this Agreement). The remedy provided
to Company by this Section 3(c) shall be without limitation of any other applicable provisions of this Agreement.

 

(d)All
charges and fees to be paid by Patriot to Company under this Agreement are exclusive of any applicable taxes required by law to
be collected from Patriot (including withholding, sales, use, excise or services taxes, which may be assessed on the provision
of the Company Administrative Services hereunder). If a withholding, sales, use, excise or services tax is assessed on the provision
of any of the Company Administrative Services provided under this Agreement, Patriot shall pay directly, reimburse or indemnify
Company for such tax. The parties shall cooperate with each other in determining the extent to which any tax is due and owing
under the circumstances, and shall provide and make available to each other any resale certificate, information regarding out-of-state
use of materials, services or sale, and other exemption certificates or information reasonably requested by the other party.

 

Section
4.Independent Contractors. Company is and shall remain at all times independent contractors with respect to
Patriot and under no circumstances shall Company be deemed to be a partner, employee, agent or representative of Patriot. Company
shall not be authorized, and none of Company’s employees, agents or representatives shall at any time attempt to act on
behalf of Patriot other than as authorized by Patriot or to bind Patriot in any manner whatsoever to any obligations. Neither
Company nor Company’s employees, agents or representatives, shall engage in any acts that may lead any person to believe
that such party is an employee, agent or representative of Patriot.

 

    	2

    	 

    

 

Section
5.Notices. All notices or communications hereunder shall be in writing (including facsimile or similar writing)
addressed as follows:

  

To
Company:

 

Breitling
Energy Corporation

1910
Pacific Avenue, Suite 12000

Dallas,
Texas 75201

Attn:
Jeremy Wagers, Chief Operating Officer

 

To
Patriot:

 

Patriot
Energy, Inc.

1910
Pacific Avenue, Suite 12000

Dallas,
Texas 75201

Attention:
Michael Miller

 

Any
such notice or communication shall be deemed given (1) when made, if made by hand delivery, and upon confirmation of receipt,
if made by facsimile, (2) one business day after being deposited with a next-day courier, postage prepaid, or (3) three business
days after being sent certified or registered mail, return receipt requested, postage prepaid, in each case addressed as above
(or to such other address as such party may designate in writing from time to time).

 

Section
6.Entire Agreement. This Agreement, its exhibits, schedules and annexes constitute the entire agreement between
the Parties hereto with respect to the subject matter hereof and supersede all prior agreements and understandings, oral and written,
between the Parties hereto with respect to the subject matter hereof. No representation, warranty, promise, inducement or statement
of intention has been made by either Party which is not embodied in this Agreement or such other documents, and neither Party
shall be bound by, or be liable for, any alleged representation, warranty, promise, inducement or statement of intention not embodied
herein or therein.

 

Section
7.Amendments; Waivers. No amendment, modification, waiver or discharge of this Agreement or any provision of
this Agreement shall be effective against any Party, unless such Party shall have consented thereto in writing. No waiver of any
condition, or of the breach of any provision hereof, in any one or more instances, shall be deemed to be a further or continuing
waiver of such condition or breach. Delay or failure to exercise any right or remedy shall not be deemed the waiver hereof.

 

Section
8.Termination.

 

(a)Company
may terminate this Agreement at any time upon written notice to Patriot in the event of a material breach of this Agreement by
Patriot. Such termination shall become effective thirty (30) days from the date of Patriot receipt of such notice unless the breach
is cured prior to the end of said 30-day period.

 

    	3

    	 

    

 

(b)Patriot
may terminate this Agreement at any time upon written notice to Company in the event of a material breach of this Agreement by
Company. Such termination shall become effective thirty (30) days from the date of Company’s receipt of such notice unless
the breach is cured prior to the end of said 30-day period.

 

Section
9.Confidentiality. Each party shall, and shall cause each of its Affiliates and each of its and their officers,
directors and employees to, hold all information relating to the business of the other party disclosed to it by reason of this
Agreement, specifically including the Client List (the “Confidential Information”) confidential, and
shall not disclose or permit to be disclosed any such Confidential Information to any third party unless legally compelled to
disclose such information; provided, however, that to the extent that a party receiving Confidential Information hereunder may
receive the written advice of outside counsel that disclosure of any Confidential Information is required in order that such party
not commit a violation of law, such party: (a) to the extent not inconsistent with such party’s obligation to disclose,
will give the other party hereto prompt notice of such request so that such party may seek an appropriate protective order; (b)
may only disclose such information if it shall first have used commercially reasonable efforts to obtain an appropriate protective
order or other satisfactory assurance of confidential treatment for the information required to be so disclosed; and (c) if such
protective order or other remedy is not obtained, or the other party waives such party’s compliance with the provisions
of this Section 9, shall only furnish that portion of the Confidential Information which is legally required to
be so disclosed. As used herein, “Confidential Information” does not include any information that: (i)
is or becomes generally available to the public or the retail industry other than as a result of a disclosure, directly or indirectly,
by the party receiving the Confidential Information; or (ii) was available to the receiving party on a non-confidential basis
prior to its disclosure by the disclosing party or becomes available to the receiving party on a non-confidential basis, in each
case from a source other than the disclosing party or its representatives, which source was not itself known to be bound by a
confidentiality agreement with the disclosing party or its representatives and had not, to the knowledge of the receiving party,
received such information, directly or indirectly, from a third party so bound. Following the termination of this Agreement, Patriot
shall return to Company or destroy all copies of the Client List and shall make no further use thereof.

 

Section
10.Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws
of the State of Texas without regard to conflict of laws principles. Each Party hereto hereby irrevocably submits to the personal
and subject matter jurisdiction of the United States District Court Northern District of Texas, or any court of the State of Texas
located in Dallas County, over any suit, action or proceeding arising out of or relating to this Agreement. Each Party hereby
irrevocably waives to the fullest extent permitted by law, (a) the right to trial by jury; (b) any objection that they may now
or hereafter have to the venue of any such suit, action or proceeding brought in any such court; and (c) any claim that any such
suit, action or proceeding has been brought in an inconvenient forum. Final judgment in any suit, action or proceeding brought
in any such court shall be conclusive and binding upon each Party duly served with process therein and may be enforced in the
courts of the jurisdiction of which either Party or any of their property is subject, by a suit upon such judgment.

 

    	4

    	 

    

 

Section
11.Headings. The headings appearing at the beginning of sections contained herein have been inserted for identification
and reference purposes and shall not be used to determine the construction or interpretation of this Agreement.

 

Section
12.Counterparts. This Agreement may be executed in counterpart copies, all of which when taken together shall
be deemed to constitute one and the same original instruments.

 

Section
13.Binding Effect; Benefits. This Agreement shall inure to the benefit of and be binding upon the Parties hereto
and their respective successors and assigns. Notwithstanding anything contained in this Agreement to the contrary, nothing in
this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto or their respective successors
and assigns any rights, remedies, obligations, or liabilities under or any reason of this Agreement.

 

Section
14.Assignability. Neither this Agreement nor any of the Parties’ rights hereunder shall be assignable
by any Party hereto without the prior written consent of the other Party hereto.

 

Section
15.Release. Company shall not be liable to Patriot for (1) delays, errors, malfunctions or breakdowns relating
to the Company Administrative Services, unless such delays, errors, malfunctions or breakdowns are attributable to or are the
result of Company’s gross negligence or willful misconduct, or (2) any action or omission taken or not taken pursuant to
instructions properly received from Patriot, unless such action or omission, as the case may be, is attributable to or is the
result of Company’s breach of its obligations hereunder or its gross negligence or willful misconduct.

 

Section
16.Indemnification.

 

(a)
Company shall indemnify, defend and hold harmless Patriot and its present and future officers, directors, employees, agents and
representatives (each individually referred to herein as a “Patriot Indemnified Party”), from and against any and
all liabilities resulting from any claim arising in connection with, or related to, this Agreement and the Company Administrative
Services provided hereunder, except to the extent those claims arise out of the gross negligence or willful misconduct of the
Patriot Indemnified Party.

 

(b)Patriot
shall indemnify, defend and hold harmless Company, Company’s Affiliates and Company’s delegates and their respective
present and future officers, directors, employees, agents and representatives (each individually referred to herein as a “Company
Indemnified Party”), from and against any and all liabilities resulting from any claim arising in connection with, or related
to, this Agreement, except to the extent those claims arise out of the gross negligence or willful misconduct of the Company Indemnified
Party.

 

(c)Notwithstanding
any other provision of this Agreement, neither party shall be liable for lost profit, lost revenue or any other form of indirect,
incidental, special, consequential or punitive damages other than in connection with a third party claim, even if that party has
been informed of the possibility of such damages.

 

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Section
17.Survival of Indemnification Obligations. The indemnification obligations of each Party pursuant to this Agreement
shall continue for a period of two (2) years following the expiration or termination of this Agreement and the Company Administrative
Services provided hereunder.

 

Section
18.Notification of Claim. The Patriot Indemnified Party or the Company Indemnified Party, as the case may be,
shall give prompt written notice to the other Party of the receipt of any claim or the commencement of any action which is or
may be covered by the applicable indemnity, but the failure to so notify such Party shall not relieve the indemnifying Party of
any liability that it may have under this Agreement except to the extent that the defense of such action is prejudiced thereby.
Upon receipt of such notice, the indemnifying Party shall immediately assume the defense thereof with counsel satisfactory to
the other Party. No compromise or settlement thereof may be effected by the indemnifying Party without the other Party’s
consent.

 

Section
19.Limitation of Damages. Notwithstanding anything contained herein to the contrary, the liability of any Party
under this Agreement for any breach, default, or event of default under this Agreement shall be strictly limited to such actual
and incidental damages as were directly incurred by the non-breaching or non-defaulting Party by reason of such breach, default
or event of default. In no event shall any Party ever be liable, nor shall any Party ever recover, and hereby waives, any consequential
or special damages (including but not limited to lost profits or damages for lost business opportunity) other than in connection
with a third party claim.

 

Section
20.Force Majeure. No Party shall be liable for delays or failure in its performance hereunder to the extent
that such delay or failure of performance is caused by any act of God, war, strike, lockout, labor dispute, work stoppage, fire,
act of government, or any other cause, whether similar or dissimilar, beyond the control of such Party.

 

Section
21.Cooperation. Each of the Parties to this Agreement, when requested by another Party, shall give all reasonable
and necessary cooperation with respect to any reasonable matters relating to the transaction contemplated by this Agreement.

 

Section
22.Severability. The provisions of this Agreement shall be severable, and any invalidity, non-enforceability
or illegality of any provision or provisions of this Agreement shall not affect any other provision or provisions of this Agreement,
and each term and provision of this Agreement shall be construed to be valid and enforceable to the full extent permitted by law.

 

Section
23.No Third Party Beneficiaries. This Agreement has been entered into solely for the benefit of the Parties
that have executed it, and not to confer any benefit or enforceable right upon any other party or entity. Accordingly, no party
or entity that has not executed this Agreement shall have any right to enforce any of the provisions of it.

 

Section
24.Attorney’s Fees. The prevailing party in any action, suit, proceeding, arbitration, or mediation, brought
to enforce any matter under this Agreement, shall be entitled to recover, in addition to any other available remedies, its reasonable
attorney’s fees and costs actually incurred in connection with the action, suit, proceeding, arbitration or mediation.

 

[Remainder
of this page intentionally left blank. Signature page follows.]

 

    	6

    	 

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly authorized officers as of the day
and year first above written.

 

	 	PATRIOT ENERGY, INC.
	 	 	 
	 	By:	/s/
    Michael Miller
	 	Name:	Michael Miller
	 	 	Title:
    President

  

	 	BREITLING ENERGY CORPORATION
	 	 	 
	 	By:	/s/
    Chris Faulkner
	 	Name:	Chris Faulkner
	 	Title:	President

 

 7

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