Document:

exv10w1

Exhibit 10.1

Easton-Bell Sports, Inc.

May 9, 2008

Mr. Daniel J. Arment

By email

Dear Dan:

     Easton-Bell Sports, Inc. (the “Company”) has determined that, given the nature of your
position, the interests of the Company will be best served by providing you the assurance of
severance benefits, as described below, in the event that your employment is terminated by the
Company other than for cause. Therefore, the purpose of this letter is to confirm the agreement
between you and the Company concerning termination of your employment and certain ancillary
matters, as follows:

     1. Severance Benefits. If your employment is terminated by the Company other than for Cause,
as defined below, the Company will provide you the following severance payments and other benefits
(in the aggregate, the “Severance Benefits”), provided that you satisfy the conditions set forth in
this Agreement:

          (a) The Company will provide you severance pay, at the same rate as that of your base salary
on the date your employment terminates (the “Termination Date”), for the period of twelve (12)
months following the Termination Date (the “Severance Pay Period). Severance pay will be provided
you in the form of salary continuation in accordance with the Company’s normal payroll practices.
The first payment will be due and payable on the Company’s next regular payday for executives that
follows the expiration of thirty (30) calendar days from the Termination Date, but shall be
retroactive to the day immediately following the Termination Date.

          (b) Provided that you and your eligible dependents, if any, exercise your rights to continue
participation in the Company’s group health and dental plans in a timely manner under the federal
law known as “COBRA,” the Company will pay the premium cost of your participation and that of your
eligible dependents in those plans from the Termination Date until the earliest to occur of (i) the
last day of the Severance Pay Period, (ii) the date you become eligible to enroll in the health
and/or dental plan of another employer or (iii) the date you or any of your dependents otherwise
ceases to be eligible to continue participation in these Company plans under COBRA. You agree to
notify the Company promptly if you become eligible to enroll in the health or dental plan of
another employer or if you or any of your dependents otherwise ceases to be eligible for continued
coverage under COBRA. After the Company’s

 

 

contributions end, you may continue coverage for the remainder of the COBRA period, if any, by
paying the full premium cost plus a small administrative fee.

          (c) The Company will pay you a pro-rated annual bonus for the final year in which the
Termination Date occurs. The bonus will be determined by multiplying the annual bonus you would
have received had you continued employment through the last day of that fiscal year by a fraction,
the numerator of which is the number of days you were employed during the fiscal year, through the
Termination Date, and the denominator of which is 365. The pro-rated bonus will be payable at the
time annual bonuses are paid to Company executives generally under its bonus plan.

          (d) In addition to the pro-rated annual bonus to be provided under Section 1(c) immediately
above, in the event that the Termination Date occurs prior to the date on which payment is made of
annual bonuses for the immediately preceding fiscal year, you will be paid that annual bonus on the
later of the date annual bonuses for that preceding fiscal year are paid to Company executives
generally and the payday on which the first payment is made under Section 1(a) of this Agreement.

     2. Other Separation Provisions.

          (a) It is agreed that, (i) in the event of termination of your employment by the Company other
than for Cause you will be entitled to receive, in addition to the severance benefits set forth in
Section 1, and (ii) in the event of any other termination of your employment, however occurring,
you shall be entitled to receive only: (A) your base salary for the final payroll period of your
employment through the Termination Date, (B) pay, at your final base salary rate, for any vacation
you have earned but not used as of the Termination Date and (C) reimbursement of any business
expenses incurred on or before the Termination Date which are eligible for reimbursement under
Company policies then in effect and are submitted by you with required documentation and
substantiation no later than sixty (60) days following the Termination Date.

          (b) Except for any right you and your eligible dependents, if any, have to continue
participation in the Company’s group health and dental plans under COBRA following termination of
your employment, your participation in Company benefit plans will terminate on the Termination Date
in accordance with the terms thereof.

          (c) Any equity in Easton-Bell Sports, LLC that you hold on the Termination Date shall be
governed by the terms of the Unit Certificate, the Plan and the LLC Agreement, as applicable.

          3. Conditions to Severance Benefit Eligibility. In order to be eligible to receive the
Severance Benefits, you must meet all of the following conditions: (a) Your employment must be
terminated by the Company other than for Cause. A termination of employment by the Company for
Cause or such a termination resulting from death or from

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disability (meaning termination as a result of your being unable to perform the essential
functions of your job with or without accommodation after exhaustion of any leave to which you are
entitled or which is otherwise granted you by the Company voluntarily) or any termination by you of
your employment shall not qualify you for Severance Benefits. (b) Following the Termination Date,
you must sign and return in a timely and effective release of claims in the form that is attached
to this Agreement as Exhibit A (the “Release”). The Release creates legally binding
obligations and the Company advises you to seek the advice of an attorney before signing it. (c)
You must comply meet in full your obligations under this Agreement during your employment and
thereafter, in accordance with its terms.

     (d) The Executive may terminate his employment hereunder for Good Reason upon notice to the
Company setting forth in reasonable detail the nature of such Good Reason. For purposes of this
Agreement, “Good Reason” shall mean, without the Executive’s consent, the occurrence of any one or
more of the following events: (i) the material breach of this Agreement by the Company which is
not cured, if curable, within twenty (20) days after written notice to the Company specifying in
reasonable detail the nature of such breach; (ii) a material diminution of any of the Executive’s
significant duties or the assignment to the Executive of material duties inconsistent with his
position (iii) any reduction in or failure to pay the Base Salary or any failure to pay any Annual
Bonus to which the Executive is entitled hereunder or any failure to provide benefits in accordance
with this Agreement or any material failure to provide Executive Perquisites in accordance with
this Agreement, in each case only after the Company has been given an opportunity, and has failed,
to cure any such event within twenty (20) days following the Executive’s written notice to the
Company specifying in reasonable detail the nature of the reduction or failure; (iv) any relocation
of the Executive’s primary worksite to a site that is more than thirty-five (35) miles from the
Executive’s current office location (Rosemont, IL) without agreement by the Executive (v)
subjection of the Executive to a working environment sufficiently hostile or otherwise adverse as
to satisfy the general legal standard for a constructive discharge, provided that the Executive
provides the Company written notice specifying in reasonable detail the circumstances rendering the
working environment hostile or otherwise adverse and the Company fails within twenty (20) days of
that notice to take remedial action to mitigate those circumstances.

     4. Employee’s Ancillary Covenants. It is acknowledged and agreed that the following
covenants, which shall apply throughout your employment and following its termination (regardless
of how it occurs) are ancillary to this Agreement between you and the Company with respect to your
severance benefits:

          (a) Confidential Information. You agree that the Company and its Affiliates (as defined
below) continually develop Confidential Information (as defined below); that you have developed and
may hereafter develop Confidential Information for the Company and its Affiliates; and that you
have learned and may learn hereafter of Confidential Information during the course of employment.
You agree to comply with the policies and procedures of the Company and its Affiliates for
protecting Confidential Information and agree not to disclose to any Person or use any Confidential
Information that you have obtained or obtain hereafter incident to your employment or any other
associations with the Company or any of its Affiliates,

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other than as required for the proper performance of your regular duties and responsibilities to
the Company and its Immediate Affiliates or as required by applicable law or legal process after
notice to the Company and a reasonable opportunity for the Company to see protection of the
Confidential Information prior to its disclosure. You agree that these restrictions shall continue
to apply after your employment terminates, regardless of the reason for termination. The
confidentiality obligation under this Section 4(a) does not apply, however, to information that is
generally known or readily available to the public at the time of disclosure or becomes generally
known through no wrongful act on your part or that of any other Person having an obligation of
confidentiality to the Company or any of its Affiliates.

          (b) Protection of Documents. All documents, records and files, in any media of whatever kind
and description, relating to the business, present or otherwise, of the Company or any of its
Affiliates, and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared
by you, shall be the sole and exclusive property of the Company. You agree to safeguard all
Documents and to surrender to the Company, at the time your employment terminates (without regard
to the reason for termination) or at such earlier time or times as the Company may specify, all
Documents and other property of the Company and its Affiliates then in your possession or control.

          (c) Restricted Activities. You acknowledge the importance to the Company and its Immediate
Affiliates of protecting their trade secrets, other Confidential Information and goodwill that they
have developed or acquired and which they shall continue to develop and acquire while your
employment continues. Further, in addition to assurances of Separation Benefits in accordance with
this Agreement, the Company agrees, in consideration of your acceptance of the restrictions set
forth below, to grant you access to trade secrets and other Confidential Information of the Company
and its Immediate Affiliates as well as to their valuable relationships with employees and others.
You in turn acknowledge and agree that the restrictions on your activities during and after your
employment set forth below are necessary to protect the goodwill, Confidential Information and
other legitimate interests of the Company and its Immediate Affiliates:

          (i) You agree that, during your employment with the Company and for the period of
twelve (12) months immediately following the Termination Date, however it occurs, you will
not, directly or indirectly, alone or in association with others, anywhere in the United
States where the Company or any of its Immediate Affiliates is doing or actively planning to
do business, own, manage, operate, control or participate in the ownership, management,
operation or control of, or be connected as an officer, employee, investor, principal, joint
venturer, shareholder, partner, director, consultant, agent or otherwise with, or have any
financial interest (through equity ownership or otherwise) in, any business, venture or
activity that directly or indirectly competes, or is in planning, or has undertaken any
preparation, to compete, with the business of the Company or any of its Immediate Affiliates
(a “Competitor”), except that nothing contained in this Agreement shall prevent your wholly
passive ownership of five percent (5%) or less of the equity securities of any Competitor
that is a publicly-traded company.

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          (ii) You agree that, during your employment with the Company and for the period of
twelve (12) months immediately following the Termination Date, however it occurs, you will
not, directly or indirectly, hire or otherwise engage to provide services or attempt to hire
or so engage, any employee or independent contractor providing services to the Company or
any of its Immediate Affiliates; assist in such hiring or engagement by any other person or
entity; or encourage any employee or independent contractor providing services to the
Company or any of its Immediate Affiliates to terminate or diminish his or her relationship
with the Company or such Immediate Affiliate. For purposes of this Agreement, an “employee”
means any person who was employed by, or had an offer of employment from, the Company or any
of its Immediate Affiliates on the Termination Date or at any time during the preceding six
months and an “independent contractor” means any person otherwise providing services to the
Company or any of its Immediate Affiliates on the Termination Date or at any time during the
preceding six months.

          (iii) You agree that, during your employment with the Company and for the period of
twelve (12) months immediately following the Termination Date, however it occurs, you will
not, directly or indirectly, solicit or encourage any customer or other Person doing
business with the Company or any of its Immediate Affiliates to terminate or diminish its
relationship with the Company or any of its Immediate Affiliates; provided, however, that,
after termination of your employment with the Company, these restrictions shall apply only
with respect to those customers and other Persons doing business with the Company or any of
its Immediate Affiliates on the Termination Date or at any time during the preceding six (6)
months whom you know or reasonably should know is a customer or otherwise doing business
with the Company or any of its Immediate Affiliates.

          (d) Enforcement of Covenants. You acknowledge that you have carefully read and considered all
the terms and conditions of this Agreement, including the restraints imposed on you under this
Section 4. You agree without reservation that each of the restraints contained here is necessary
for the reasonable and proper protection of the goodwill, Confidential Information and other
legitimate interests of the Company and its Immediate Affiliates; that each and every one of those
restraints is reasonable in respect to subject matter, length of time and geographic area; and that
these restraints, individually or in the aggregate, will not prevent you from obtaining other
suitable employment during the period in which you are bound by these restraints. You also
acknowledge that if you were to breach any of the covenants contained in this Section 4, the damage
to the Company and its Immediate Affiliates would be irreparable. You therefore agree that the
Company, in addition to any other remedies available to it, shall be entitled to preliminary and
permanent injunctive relief against any breach or threatened breach by you of any of these
covenants. You and the Company also agree that, in the event any provision of this Section 4 shall
be determined by any court of competent jurisdiction to be unenforceable by reason of its being
extended over too great a time, too large a geographic area or too great a range of activities,
that provision shall be deemed to be modified to permit its enforcement to the maximum extent
permitted by law.

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     5. Withholding. All payments made by the Company under this Agreement shall be reduced by any
tax or other amounts required to be withheld by the Company under applicable law.

     6. Definitions. For purposes of this Agreement, the following definitions apply:

          (a) “Affiliates” means all persons and entities directly or indirectly controlling, controlled
by or under common control with the Company, where control may be by management authority, contract
or equity interest.

          (b) Termination by the Company for “Cause” shall mean only (i) your refusal or willful failure
to perform, or serious negligence in the performance of, your duties and responsibilities for the
Company which remains uncured, continues or recurs after ten (10) business days’ notice from the
Company describing in reasonable detail the nature of the refusal, failure or neglect; (ii) your
material breach of breach of this Agreement or of any fiduciary duty or duty of loyalty owed to the
Company or any of its Immediate Affiliates; (iii) fraud or other material dishonesty with respect
to the Company or any of its Immediate Affiliates (meaning its direct and indirect parents and
subsidiaries and its parents other direct and indirect subsidiaries); or (iv) other conduct that
is, or could reasonably be expected to be, materially harmful to the business interests or
reputation of the Company or any of its Immediate Affiliates.

          (c) “Confidential Information” means any and all information of the Company and its Immediate
Affiliates that is not generally known by those with whom the Company or any of its Immediate
Affiliates competes or does business, or with whom the Company or any of its Immediate Affiliates
plans to compete or do business, including without limitation (i) information related to the
Products, technical data, methods, processes, know-how and inventions of the Company and its
Immediate Affiliates, (ii) the development, research, testing, marketing and financial activities
and strategic plans of the Company and its Immediate Affiliates, (iii) their costs and sources of
supply, (iv) the identity and special needs of the customers and prospective customers of the
Company and its Immediate Affiliates and (v) the employees and other Persons with whom the Company
and its Immediate Affiliates have business relationships and the nature and substance of those
relationships. Confidential Information also includes any information that the Company or any of
its Affiliates may receive or has received from customers, employees or others with any
understanding, express or implied, that the information would not be disclosed.

          (d) “Person” means an individual, a corporation, a limited liability company, an association,
a partnership, an estate, a trust and any other entity or organization, other than the Company or
any of its Immediate Affiliates.

          (e) “Products” means all products planned, researched, developed, tested, manufactured, sold,
licensed, leased or otherwise distributed or put into use by the Company or any of its Immediate
Affiliates, together with all services provided or planned by the Company or any of its Immediate
Affiliates, during your employment.

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     7. Miscellaneous. This is the entire agreement between you and the Company, and supersedes
all prior and contemporaneous communications, agreements and understandings, written or oral, with
respect to the subject matter hereof. This Agreement may not be modified or amended, and no breach
shall be treated as being waived, unless in writing and signed by you and an expressly authorized
representative of the Company. Provisions of this Agreement shall survive any termination if so
provided here or if necessary or desirable to accomplish the purposes of other surviving
provisions, including without limitation the obligations of the Company under Section 1 in the
event of a termination of your employment by the Company other than for Cause and your obligations
under Section 4. The headings of this Agreement are only for convenience and are not part of this
Agreement. This Agreement is a contract for the provision of severance benefits in accordance with
its terms and is not intended, and shall not be interpreted, to restrict your right or that of the
Company to terminate your employment relationship with the Company. Nor does this Agreement in
any way restrict the Company’s alteration of any of the terms or conditions of your employment,
other than as expressly provided herein. This is an Illinois contract and shall be governed and
construed in accordance with the laws of the State of Illinois, without regard to its
conflict-of-laws principles.

     If the terms of this Agreement are acceptable to you, please so indicate by signing and
returning the original of this letter to me within ten (10) business days of its date. The second
copy is for your records.

Sincerely,

EASTON-BELL SPORTS, INC.

/s/ PAUL E. HARRINGTON

Paul E. Harrington

President & CEO

Easton-Bell Sports, Inc.

Accepted and agreed:

	 	 	 	 	 
	Signature:

	 	     /s/ DANIEL J. ARMENT	 	 
	 

	 	 

     Daniel J. Arment
	 	 

Date signed: May 9, 2008

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Exhibit A

RELEASE OF CLAIMS

     FOR AND IN CONSIDERATION OF the benefits to be provided me in connection with the termination
of my employment, as set forth in the agreement between me and Easton-Bell Sports, Inc. (the
“Company”) dated on or about May 9, 2008 (the “Agreement”), which are conditioned on my signing
this Release of Claims and to which I am not otherwise entitled, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, I, Daniel J. Arment, on
my own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives
and assigns, and all others connected with me, hereby release and forever discharge the Company and
its Affiliates (as defined in the Agreement) and all of their respective past, present and future
officers, directors, shareholders, employees, agents, general and limited partners, members,
managers, joint venturers, representatives, successors and assigns, and all others connected with
any of them, both individually and in their official capacities, from any and all causes of action,
rights and claims of any type or description, known or unknown, which I have had in the past, now
have, or might now have, through the date of my signing of this Release of Claims, including
without limitation any causes of action, rights or claims in any way resulting from, arising out of
or connected with my employment by the Company or any of its Affiliates or the termination of that
employment or pursuant to any federal, state or local law, regulation or other requirement
(including without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act, the Americans with Disabilities Act and the fair employment practices laws of the
state or states in which I have been employed by the Company or any of its Affiliates, each as
amended from time to time).

Excluded from the scope of this Release of Claims is (i) any claim arising under the terms of the
Agreement after the effective date of this Release of Claim and (ii) any right of indemnification
or contribution that I have pursuant to the Articles of Incorporation or By-Laws of the Company or
any of the governing documents of its Immediate Affiliates (as defined in the Agreement).

In signing this Release of Claims, I acknowledge my understanding that I may not sign it prior to
the termination of my employment, but that I may consider the terms of this Release of Claims for
up to twenty-one (21) days (or such longer period as the Company may specify) from the date my
employment with the Company terminates. I also acknowledge that I have been advised by the Company
in the Agreement to seek the advice of an attorney prior to signing this Release of Claims; that I
have had sufficient time to consider this Release of Claims and to consult with an attorney, if I
wished to do so, or to consult with any other person of my choosing before signing; and that I am
signing this Release of Claims voluntarily and with a full understanding of its terms.

I further acknowledge that, in signing this Release of Claims, I have not relied on any promises or
representations, express or implied, that are not set forth expressly in the Agreement. I
understand that I may revoke this Release of Claims at any time within seven (7) days of the date
of my signing by written notice to the Company c/o Timothy Mayhew, Fenway Partners, Inc.,

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with a copy to Aron Schwartz, Fenway Partners, Inc., 152 W. 57th St., 59th Floor, New York, NY
10019, or to such other address as the Company party may specify and that this Release of Claims
will take effect only upon the expiration of such seven-day revocation period and only if I have
not timely revoked it.

Intending to be legally bound, I have signed this Release of Claims as of the date written below.

Signature: _____________________________________

                         Daniel J. Arment

Date Signed: ___________________________________

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Exhibit 10.1

CENTEX CORPORATION

INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this “Agreement”) is made and entered into as of the ___day
of May, 2008 by and between Centex Corporation, a Nevada corporation (the “Corporation”), and
«Officer_Name» (“Indemnitee”).

W I T N E S S E T H:

     WHEREAS, Indemnitee is currently serving or is about to begin serving as an Officer of the
Corporation and/or in another capacity, and Indemnitee is willing, subject to, among other things,
the Corporation’s execution and performance of this Agreement, to continue in or assume such
capacity or capacities;

     WHEREAS, the Bylaws of the Corporation provide that the Corporation shall indemnify and
advance expenses to all Officers of the Corporation in the manner set forth therein and to the
fullest extent permitted by applicable law, and to such greater extent as applicable law may
thereafter permit; and

     WHEREAS, in order to induce Indemnitee to provide services as contemplated hereby, the
Corporation has deemed it to be in its best interest to enter into this Agreement with Indemnitee;

     NOW, THEREFORE, in consideration of Indemnitee’s agreement to provide services to the
Corporation and/or certain of its affiliates as contemplated hereby, the mutual agreements
contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto stipulate and agree as follows:

ARTICLE I

Definitions

     Section 1.1. As used herein, the following words and terms shall have the following respective
meanings (whether singular or plural):

     “Articles of Incorporation” means the Articles of Incorporation of the Corporation (as they
may be amended or restated from time to time).

     “Board of Directors” means the board of directors of the Corporation.

     “Bylaws” means the By-Laws of the Corporation (as they may be amended or restated from time to
time).

     “Change of Control” means:

     (i) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the

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Exchange Act) of 20% or more of either (1) the then outstanding shares of common stock of the
Corporation (the “Outstanding Corporation Common Stock”) or (2) the combined voting power of the
then outstanding voting securities of the Corporation entitled to vote generally in the election of
directors (the “Outstanding Corporation Voting Securities”); provided, however, that for purposes
of this subsection (i), the following acquisitions shall not constitute a Change of Control: (A)
any acquisition directly from the Corporation, (B) any acquisition by the Corporation, (C) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the
Corporation or any entity controlled by the Corporation or (D) any acquisition by any entity
pursuant to a transaction which complies with clauses (1), (2) and (3) of subsection (iii) of this
definition; or

     (ii) Individuals who, as of the date hereof, constitute the Board of Directors (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided,
however, that any individual becoming a director subsequent to the date hereof whose election, or
nomination for election by the Corporation’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors;
or

     (iii) Consummation of a reorganization, merger or consolidation or sale or other disposition
of all or substantially all of the assets of the Corporation (a “Business Combination”), in each
case, unless, following such Business Combination, (1) all or substantially all of the individuals
and entities who were the beneficial owners, respectively, of the Outstanding Corporation Common
Stock and Outstanding Corporation Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding
shares of common stock and the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors, as the case may be, of the entity
resulting from such Business Combination (including, without limitation, an entity that as a result
of such transaction owns the Corporation or all or substantially all of the Corporation’s assets
either directly or through one or more subsidiaries) in substantially the same proportions as their
ownership, immediately prior to such Business Combination, of the Outstanding Corporation Common
Stock and Outstanding Corporation Voting Securities, as the case may be, (2) no Person (excluding
any entity resulting from such Business Combination or any employee benefit plan (or related trust)
of the Corporation or such entity resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of, respectively, the then outstanding shares of common equity
of the entity resulting from such Business Combination or the combined voting power of the then
outstanding voting securities of such entity except to the extent that such ownership existed prior
to the Business Combination and (3) at least a majority of the members of the board of directors of
the corporation, or the similar managing body of a non-corporate entity, resulting from such
Business Combination were members of the Incumbent Board at the time of the execution of the
initial agreement, or of the action of the Board of Directors, providing for such Business
Combination; or

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     (iv) Approval by the stockholders of the Corporation of a complete liquidation or dissolution
of the Corporation; or

     (v) A change of control as defined in any employment agreement, change of control agreement or
other agreement between the Corporation and Indemnitee.

     “Covered Capacity” means, with respect to any person, that such person (or a person for whom
he or she is serving as a legal representative) is or was an Officer of the Corporation, or is or
was serving at the request of the Corporation as director, manager, Officer, trustee, general
partner, member, fiduciary, employee or agent of any other enterprise in which the Corporation has
an interest, in each case (i) whether or not such person was serving in that capacity at the time
any liability or expense is incurred and (ii) whether the basis for any Proceeding brought against
such person is alleged action in an official capacity as a director, manager, officer, trustee,
general partner, member, fiduciary, employee or agent or any other capacity while serving as a
director, manager, officer, trustee, general partner, member, fiduciary, employee or agent.

     “Expenses” include all direct and indirect costs, fees and expenses of any type or nature,
including, without limitation, all attorneys’ fees and costs, retainers, court costs, transcript
costs, fees of experts, witness fees, travel expenses, fees of private investigators and
professional advisors, duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, fax transmission charges, secretarial services and all other disbursements
or expenses in connection with prosecuting, defending, preparing to prosecute or defend,
investigating, being or preparing to be a witness in, settlement or appeal of or otherwise
participating in a Proceeding, including reasonable compensation for time spent by Indemnitee for
which he or she is not otherwise compensated by the Corporation or any third party. “Expenses”
also include expenses incurred in connection with any appeal resulting from any Proceeding,
including the premium for, security for, and other costs relating to, any cost bond, supersedeas
bond or other appeal bond or its equivalent. “Expenses” do not include amounts paid in settlement
by Indemnitee or the amount of judgments or fines against Indemnitee.

     “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 five years previous to his or her
selection or appointment has been, retained to represent: (i) the Corporation or Indemnitee in any
matter material to either such party or (ii) any other party to the Proceeding giving rise to a
claim for indemnification hereunder. The term “Independent Counsel” does not include any person
who, under the applicable standards of professional conduct then prevailing, would have a conflict
of interest in representing either the Corporation or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement, the Bylaws of the Corporation or under any agreement
between Indemnitee and the Corporation.

     “NRS” means the Nevada Revised Statutes.

     “Officer” means the president, the treasurer, the secretary, and each vice president of the
Corporation and any other corporation, partnership, limited liability company, association, joint
venture, trust, employee benefit plan or other enterprise for which such person is or was serving
in such position at the request of the Corporation (and all variants of the preceding positions
such

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as assistant treasurer, assistant secretary, senior vice president, and similar
modifications), in each case elected or appointed pursuant to proper corporate authority, and each
other person designated by the President of the Corporation from time to time as constituting an
“Officer.”

     “Proceeding” includes a threatened, pending or completed action, suit, arbitration, alternate
dispute resolution, investigation, inquiry, administrative hearing, appeal or any other actual,
threatened or completed proceedings with or brought in the right of the Corporation or otherwise
and whether civil, criminal, administrative or investigative in nature.

ARTICLE II

Services by Indemnitee

     Section 2.1. Services by Indemnitee. Indemnitee agrees to serve or continue to serve in his
or her current capacity as an Officer of the Corporation. Indemnitee may also serve, as the
Corporation may reasonably request from time to time, as a director, manager, Officer, trustee,
general partner, member, employee, fiduciary or agent of any other corporation, partnership,
limited liability company, association, joint venture, trust, employee benefit plan or other
enterprise in which the Corporation has an interest. Indemnitee and the Corporation each
acknowledge that they have entered into this Agreement as a means of inducing Indemnitee to serve
the Corporation in such capacities. Indemnitee may at any time and for any reason resign from such
position or positions (subject to any other contractual obligation or any obligation imposed by
operation of law). The Corporation shall have no obligation under this Agreement to continue
Indemnitee in any such position for any period of time and shall not be precluded by the provisions
of this Agreement from removing Indemnitee from any such position at any time.

ARTICLE III

Third Party Proceedings

     Section 3.1. The Corporation must indemnify Indemnitee if he or she was or is a party or is
threatened to be made a party to any Proceeding, except an action by or in the right of the
Corporation, by reason of the fact that he or she is or was serving or acting in a Covered
Capacity, against Expenses, judgments, fines and amounts paid in settlement actually and reasonably
incurred by Indemnitee in connection with the Proceeding if he or she: (a) is not liable pursuant
to NRS 78.138 or (b) acted in good faith and in a manner which Indemnitee reasonably believed to be
in or not opposed to the best interests of the Corporation, and, with respect to any criminal
action or Proceeding, had no reasonable cause to believe his or her conduct was unlawful. The
termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo
contendere or its equivalent, does not, of itself, create a presumption that Indemnitee is liable
pursuant to NRS 78.138 or did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of the Corporation or that, with respect to
any criminal action or proceeding, he or she had reasonable cause to believe that his or her
conduct was unlawful.

4

 

ARTICLE IV

Derivative Actions

     Section 4.1. The Corporation must indemnify Indemnitee if he or she was or is a party or is
threatened to be made a party to any threatened, pending or completed action or suit by or in the
right of the Corporation to procure a judgment in its favor, by reason of the fact that Indemnitee
is or was serving or acting in a Covered Capacity, against Expenses and amounts paid in settlement
thereof if Indemnitee: (a) is not liable pursuant to NRS 78.138, or (b) acted 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
Corporation. Indemnification may not be made for any claim, issue or matter as to which Indemnitee
has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom,
to be liable to the Corporation or for amounts paid in settlement to the Corporation, unless and
only to the extent that the court in which the action or suit was brought or other court of
competent jurisdiction determines upon application that in view of all the circumstances of the
case, the person is fairly and reasonably entitled to indemnity for such Expenses as the court
deems proper.

ARTICLE V

Party Who is Wholly or Partially Successful

     Section 5.1. Notwithstanding any other provisions of this Agreement, to the extent that
Indemnitee is a party to or a participant in and is successful on the merits or otherwise in any
Proceeding or in defense of any claim, issue or matter in any Proceeding, in whole or in part, to
which Indemnitee was or is a party or is otherwise involved by reason of the fact that he or she is
or was serving or acting in a Covered Capacity, the Corporation shall indemnify and hold harmless
Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in connection with
any Proceeding or defense. If Indemnitee is not wholly successful in the Proceeding, the
Corporation must indemnify and hold harmless Indemnitee against all Expenses actually and
reasonably incurred by him or her or on his or her behalf in connection with each claim, issue or
matter on which Indemnitee was successful. The termination of any claim, issue or matter in the
Proceeding by dismissal, with or without prejudice, by reason of settlement, judgment, order or
otherwise, shall be deemed to be a successful result as to such Proceeding, claim, issue or matter,
so long as there has been no finding that Indemnitee (i) is liable pursuant to NRS 78.138 or (ii)
did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not
opposed to the best interests of the Corporation, and, with respect to any criminal proceeding or
action, had no reasonable cause to believe his or her conduct was unlawful.

ARTICLE VI

Expenses as Witness

     Section 6.1. To the extent Indemnitee is, by reason of his or her serving or acting in a
Covered Capacity, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee must
be indemnified and held harmless against all Expenses actually and reasonably incurred by him or
her or on his or her behalf in connection with the Proceeding and his or her acting as a witness in
it.

5

 

ARTICLE VII

Exclusions

     Section 7.1. Notwithstanding any provision in this Agreement, the Corporation is not obligated
under this Agreement to make any indemnification payments in connection with any claim made against
Indemnitee:

     (a) For which payment has actually been received by or on behalf of Indemnitee under any
insurance policy or other indemnity provision, except with respect to any excess beyond the amount
actually received under any insurance policy, contract, agreement or other indemnity provision or
otherwise;

     (b) For an accounting of profits made from the purchase and sale, or sale and purchase, by
Indemnitee of securities of the Corporation within the meaning of Section 16(b) of the Exchange
Act; or

     (c) Except as provided for in Sections 8.1 or 12.3 of this Agreement, in connection with any
Proceeding or any part of any Proceeding, initiated by Indemnitee, including those initiated
against the Corporation or its officers, directors or employees, unless (i) the Board of Directors
authorizes the Proceeding or part thereof before its initiation or (ii) the Corporation provides
the indemnification in its sole discretion, pursuant to the powers vested in the Corporation under
applicable law.

ARTICLE VIII

Advancement of Expenses

     Section 8.1. Notwithstanding any other provision of this Agreement and to the fullest
permitted by applicable law, the Corporation must advance the Expenses incurred by Indemnitee, or
reasonably expected by Indemnitee to be incurred by him or her within three months, in connection
with any Proceeding to which Indemnitee was or is a party or is otherwise involved by reason of the
fact that he or she is or was serving or acting in a Covered Capacity, as soon as practicable but
in any event not more than ten (10) days after receipt by the Corporation of a statement requesting
the advances, whether the statement is submitted before or after final disposition of any
Proceeding. Unless otherwise required by law, the Corporation shall not require that Indemnitee
provide any form of security for repayment of or charge any interest on any amounts advanced
pursuant to this Section 8.1. The advances must be made without regard to Indemnitee’s ability to
repay the Expenses and without regard to any belief or determination as to Indemnitee’s ultimate
entitlement to be indemnified. Advances must include any and all reasonable Expenses incurred in
pursuing a Proceeding to enforce the right of advancement, including Expenses incurred in preparing
statements to the Corporation to support the advances claimed. Indemnitee qualifies for advances,
to the fullest extent permitted by applicable law, solely upon the execution and delivery to the
Corporation of an undertaking providing that Indemnitee undertakes to repay the advance to the
extent it is ultimately determined that Indemnitee is not entitled to be indemnified by the
Corporation under the provisions of this Agreement, the Articles of Incorporation or an agreement
between the Corporation and Indemnitee. This section does not apply to any claim made by
Indemnitee for any indemnification payment that is excluded pursuant to Section 7.1 of this
Agreement.

6

 

ARTICLE IX

Notices

     Section 9.1. Indemnitee agrees to notify the Corporation in writing promptly after being
served with any summons, citation, subpoena, complaint, indictment, inquiry, information request or
other document relating to any Proceeding or matter which may be subject to indemnification, hold
harmless or exoneration rights or the advancement of expenses; provided, however, that the failure
of Indemnitee to so notify the Corporation shall not relieve the Corporation of any obligation it
may have to Indemnitee under this Agreement or otherwise. Indemnitee may deliver to the
Corporation a written application to indemnify and hold harmless Indemnitee in accordance with this
Agreement. The application may be delivered from time to time and may be amended and supplemented
and at such times as Indemnitee deems appropriate in his or her sole discretion. After a written
application for indemnification is delivered by Indemnitee, Indemnitee’s entitlement to
indemnification shall be determined pursuant to Articles X, XI and XII of this Agreement.

ARTICLE X

Procedures

     Section 10.1. To the fullest extent permitted by law, the indemnification provided for in this
Agreement shall be deemed mandatory. To the extent that, under applicable law, any indemnification
provided for in this Agreement is treated as discretionary, any indemnification determination,
unless ordered by a court or advanced pursuant to Section 8.1 of this Agreement, may be made by the
Corporation only as authorized in the specific case upon a determination that the indemnification
of Indemnitee is proper in the circumstances. Such determination must be made:

     (i) by the stockholders of the Corporation;

     (ii) by the Board of Directors by a majority vote of a quorum consisting of directors who are
not parties to the Proceeding;

     (iii) if a majority vote of a quorum of directors not parties to the Proceeding so orders, by
Independent Counsel in a written opinion; or

     (iv) if a quorum consisting of directors who are not parties to the Proceeding cannot be
obtained, by Independent Counsel in a written opinion.

     Notwithstanding the foregoing, if at any time during the two-year period prior to the date of
any written application for indemnification submitted by Indemnitee in connection with a particular
Proceeding there shall have occurred a Change of Control, the Board of Directors shall direct
(unless Indemnitee otherwise agrees in writing) that the indemnification determination shall be
made by Independent Counsel in a written opinion.

     Section 10.2. If the determination of Indemnitee’s entitlement to indemnification is to be
made by Independent Counsel, the Independent Counsel must be selected as provided in this Section
10.2. The Independent Counsel shall be selected by Indemnitee and Indemnitee must give written
notice to the Corporation advising it of the Independent Counsel’s identity so

7

 

selected, unless Indemnitee requests in writing that the Independent Counsel be selected by
the Board of Directors. If the Independent Counsel is selected by the Board of Directors, the
Corporation must given written notice to Indemnitee setting forth the identity of the Independent
Counsel. In either event, Indemnitee or the Corporation, as the case may be, may, within ten (10)
days after the written notice of selection is received, deliver to the other party a written
objection to the selection. These objections may be asserted only on the grounds that the
Independent Counsel selected does not meet the requirements of an “Independent Counsel” as defined
in Article I of this Agreement, and the objection must set forth with particularity the factual
basis of the assertion. Absent a proper and timely objection, the person so selected shall act as
Independent Counsel. If within twenty (20) days after submission by Indemnitee of a request for
indemnification, no Independent Counsel has been selected, either the Corporation or Indemnitee may
petition a court with jurisdiction over the parties for resolution of the objection and/or the
appointment of a person to be Independent Counsel selected by the court.

     Section 10.3. The Corporation agrees to pay the reasonable fees and Expenses of Independent
Counsel and to fully indemnify and hold the Independent Counsel harmless against any and all
Expenses, claims, liabilities and damages arising out of or relating to this Agreement or the
Independent Counsel’s engagement.

     Section 10.4. The Corporation must promptly advise Indemnitee in writing if a determination is
made that Indemnitee is not entitled to indemnification and must include a description of the
reasons or basis for denial. If it is determined Indemnitee is entitled to indemnification, the
payment to Indemnitee must be made as soon as practicable but in no event more than ten (10) days
after the determination. Indemnitee must reasonably cooperate with the persons making the
determination and, upon request, must provide such persons with documents and information (which
are not privileged or otherwise protected) reasonably available to Indemnitee and reasonably
necessary to the determination. All Expenses incurred by Indemnitee in cooperating with the
persons making the determination shall be paid by the Corporation (irrespective of the
determination as to indemnification) and the Corporation hereby indemnifies and agrees to hold
Indemnitee harmless from those Expenses.

ARTICLE XI

Presumptions

     Section 11.1. In determining whether Indemnitee is entitled to indemnification under this
Agreement, the person or persons making the determination must presume that Indemnitee is entitled
to indemnification under this Agreement and the Corporation has the burden of proof to overcome
that presumption. Moreover, if at any time during the two-year period prior to the date of any
written application for indemnification submitted by Indemnitee in connection with a particular
Proceeding or other matter there shall have occurred a Change of Control, the foregoing presumption
may only be overcome by clear and convincing evidence. Neither of the following is a defense to an
action seeking a determination granting indemnity to Indemnitee or creates a presumption that
Indemnitee has not met the applicable standard of conduct: (i) the failure of the Corporation
(including its directors or Independent Counsel) to have made a determination before the beginning
of an action seeking a ruling that indemnification is proper nor (ii) an actual determination by
the Corporation (including its directors or Independent Counsel) that Indemnitee has not met the
applicable standard of conduct.

8

 

     Section 11.2. If the persons or entity selected under Article X of this Agreement to determine
whether Indemnitee is entitled to indemnification has not made a determination within thirty (30)
days after receipt by the Corporation of the request for it, the requisite determination of
entitlement to indemnification shall be deemed to have been made and Indemnitee is entitled to such
indemnification, absent (i) a misstatement by Indemnitee of a material fact or an omission of
material fact necessary to make his or her statements not materially misleading made in connection
with the request for indemnification (which misstatement or omission is shown by the Corporation to
be of sufficient importance that it would likely alter the applicable determination) or (ii) a
final judicial determination that indemnification is expressly prohibited under applicable law.
The 30-day period may be extended for a reasonable time, not to exceed fifteen (15) additional
days, if the persons or entity making the determination requires the additional time for obtaining
or evaluating documents or information.

     Section 11.3. The termination of any Proceeding or any claim therein, by judgment, order,
settlement or conviction, or upon a plea of nolo contendere does not (except as expressly provided
elsewhere in this Agreement) of itself adversely affect the right of Indemnitee to indemnification
or create a presumption that Indemnitee did not meet any particular standard of conduct, did not
act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to
the best interests of the Corporation or, with respect to any criminal Proceeding, that Indemnitee
had reasonable cause to believe his or her conduct was unlawful.

     Section 11.4. In determining good faith, Indemnitee must be deemed to have acted 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 Corporation if Indemnitee’s action is based on the records or books of account of the
Corporation, including financial statements, or on information, opinions, reports or statements
supplied to Indemnitee by the directors or officers of the Corporation or any other enterprise in
the course of their duties, or on the advice of legal counsel for the Corporation or the enterprise
or on information or records given or reports made by an independent certified public accountant or
by an appraiser or other expert.

     Section 11.5. The knowledge and actions or failures to act of any other director, officer,
trustee, partner, member, fiduciary, agent or employee of the Corporation or other enterprise shall
not be imputed to Indemnitee for the purposes of determining his or her right to indemnification.

ARTICLE XII

Remedies of Indemnitee

     Section 12.1. If a determination is made that Indemnitee is not entitled to indemnification
under this Agreement, any judicial Proceeding or arbitration begun pursuant to this Agreement must
be conducted in all respects as a de novo trial or arbitration, on the merits, and Indemnitee shall
not be prejudiced by reason of the adverse determination. In such a Proceeding or arbitration,
Indemnitee is presumed to be entitled to indemnification and the Corporation has the burden of
proving Indemnitee is not entitled to be indemnified. Moreover, if at any time during the two-year
period prior to the date of any written application for indemnification submitted by Indemnitee in
connection with a particular Proceeding or other matter there shall have occurred a Change of
Control, the Corporation will be deemed to have

9

 

satisfied such burden only if it meets the standard of proof by clear and convincing evidence.
The Corporation may not refer to or introduce into evidence any determination made pursuant to
Section 11.1 of this Agreement adverse to Indemnitee for any purpose. If Indemnitee begins a
judicial Proceeding or arbitration seeking indemnification, Indemnitee is not required to reimburse
the Corporation for any advances pursuant to Section 8.1 of this Agreement until a final
determination is made with respect to Indemnitee’s right to indemnification, after all rights of
appeal have been exhausted or lapsed.

     Section 12.2. If it has been determined that Indemnitee is entitled to indemnification, the
Corporation is bound by that determination in any judicial Proceeding or arbitration commenced by
Indemnitee seeking to compel the indemnification, absent (i) a misstatement by Indemnitee of a
material fact or an omission of a material fact necessary to make Indemnitee’s statement not
materially misleading connected with the request for indemnification (which misstatement or
omission is shown by the Corporation to be of sufficient importance that it would likely alter the
applicable determination) or (ii) a prohibition of the indemnification under applicable law. In
any Proceeding or arbitration commenced by Indemnitee seeking indemnification, the Corporation is
precluded from asserting that the procedures and presumptions of this Agreement are not valid,
binding and enforceable and must stipulate that the Corporation is bound by all the provisions of
this Agreement.

     Section 12.3. The Corporation must indemnify and hold harmless Indemnitee to the fullest
extent permitted by applicable law against all Expenses and, upon Indemnitee’s request, must
advance to Indemnitee, within ten (10) days after the Corporation’s receipt of a request,
Indemnitee’s Expenses incurred in connection with any judicial Proceeding or arbitration brought by
Indemnitee to enforce his or her right for indemnification or to recover advances under any
insurance policy maintained for the benefit of Indemnitee, regardless of whether Indemnitee is
ultimately determined to be entitled to such indemnification, advance or insurance recovery.

ARTICLE XIII

Contribution; Joint Liability

     Section 13.1. To the fullest extent permissible under applicable law, if the indemnification
rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any
reason whatsoever (other than by reason of the language of any express exclusion contained in this
Agreement), the Corporation, instead of indemnifying and holding harmless Indemnitee, must
contribute to the payment thereof, in the first instance, by paying the entire amount incurred by
Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in
settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to
contribute to the payment, and the Corporation hereby waives and relinquishes any right of
contribution it may have at any time against Indemnitee. The Corporation shall not enter into any
settlement of any Proceeding in which the Corporation is jointly liable with Indemnitee, or would
be joined in the Proceeding, unless the settlement provides for a full and final release of all
claims asserted against Indemnitee. The Corporation hereby agrees to fully indemnify and hold
harmless Indemnitee from any claims for contribution which may be brought by officers, directors or
employees of the Corporation other than Indemnitee who may be jointly liable with Indemnitee.

10

 

ARTICLE XIV

Subrogation

     Section 14.1. If any payment is made under this Agreement, the Corporation is subrogated to
the extent of such payment to all the rights of recovery of Indemnitee, who must within a
reasonable period of time after payment execute all papers required and take all action necessary
to secure those rights, including the execution of such documents as are necessary to enable the
Corporation to bring suit to enforce those rights.

ARTICLE XV

Severability

     Section 15.1. If any provision or provisions of this Agreement shall be held to be invalid,
illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability
of the remaining provisions of this Agreement (including, but not limited to, each portion of any
paragraph containing any such provision held to be invalid, illegal or unenforceable, that is not
itself held to be invalid, illegal or unenforceable) shall not in any way be affected or impaired
thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, but
not limited to, each such portion of any paragraph containing any such provision held to be
invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable.

ARTICLE XVI

Miscellaneous

     Section 16.1. Non-Exclusivity of Rights. The rights of Indemnitee under this Agreement are
not exclusive of any other rights to which Indemnitee may at any time be entitled under the law,
the Articles of Incorporation, the Bylaws or any agreement. The indemnification and advancement of
Expenses for Indemnitee who has ceased to be a director, officer, employee or agent shall continue
in full force and effect and shall inure to the benefit of the heirs, executors and administrators
of Indemnitee. The rights of Indemnitee under this Agreement shall be contract rights. No
amendment, alteration or repeal of this Agreement can limit or restrict any right of Indemnitee
under this Agreement with respect to any action taken before the amendment, alteration or repeal.
If a change in applicable law permits greater indemnification than that which would be afforded
under this Agreement, it is the intent of the Corporation that Indemnitee shall enjoy by this
Section 16.1 the greater benefits so afforded.

     Section 16.2. Acknowledgment of Certain Matters. Both the Corporation and Indemnitee
acknowledge that in certain instances, applicable law or public policy may prohibit indemnification
of Indemnitee by the Corporation under this Agreement or otherwise. Indemnitee understands and
acknowledges that the Corporation has undertaken or may be required in the future to undertake, by
the Securities and Exchange Commission, to submit the question of indemnification to a court in
certain circumstances for a determination of the Corporation’s right under public policy to
indemnify Indemnitee.

     Section 16.3. Waivers. The observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively) by the party

11

 

entitled to enforce such term only by a writing signed by the party against which such waiver is to
be asserted. Unless otherwise expressly provided herein, no delay on the part of any party hereto
in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall
any waiver on the part of any party hereto of any right, power or privilege hereunder operate as a
waiver of any other right, power or privilege hereunder nor shall any single or partial exercise of
any right, power or privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, power or privilege hereunder.

     Section 16.4. Entire Agreement. This Agreement and the documents referred to herein
constitute the entire agreement between the parties hereto with respect to the matters covered
hereby, and any other prior or contemporaneous oral or written understandings or agreements with
respect to the matters covered hereby are superseded by this Agreement.

     Section 16.5. Certain Rights. The right to be indemnified or to the advancement or
reimbursement of Expenses (i) is intended to be retroactive and shall be available as to events
occurring prior to the date of this Agreement and (ii) shall continue after any rescission or
restrictive modification of such provisions as to events occurring prior thereto. Nothing in this
Agreement, expressed or implied, is intended to confer any rights or remedies under or by reason of
this Agreement on any person other than the parties to this Agreement and their respective heirs,
personal representatives, successors and assigns.

     Section 16.6. Governing Law. This Agreement shall be construed in accordance with and
governed by the laws of the State of Nevada without regard to any principles of conflict of laws
that, if applied, might permit or require the application of the laws of a different jurisdiction.

     Section 16.7. Headings. The Article and Section headings in and referred to in this Agreement
are for convenience of reference only, and shall not be deemed to alter or affect the meaning or
interpretation of any provisions hereof.

     Section 16.8. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed to be an original and all of which together shall be deemed to be one and the same
instrument.

     Section 16.9. Use of Certain Terms. As used in this Agreement, the words “herein,” “hereof,”
and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any
particular paragraph, subparagraph, section, subsection, or other subdivision. Whenever the
context may require, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the
plural and vice versa.

[signatures appear on following page]

12

 

     IN WITNESS WHEREOF, this Agreement has been duly executed and delivered to be effective as of
the date first above written.

	 	 	 	 	 	 	 
	 	 	CENTEX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Timothy R. Eller	 	 
	 

	 	 	 	Chairman & Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	INDEMNITEE	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	«Officer_Name»	 	 

13

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