Document:

Form of Indemnity Agreement

 

 Exhibit 10(bb)

 

INDEMNITY AGREEMENT

 

        This Indemnification Agreement (“Agreement”) is made as of April 30, 2001 by and between Oglebay Norton
Company, an Ohio corporation (the “Company”), and (Director’s Name)(“Indemnitee”).

 

RECITALS

 

        WHEREAS, highly competent persons have become more reluctant to serve publicly-held corporations as directors or in
other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the
corporation.

 

        WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order to attract and
retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities. The Amended and Restated Articles
of Incorporation of the Company (the “Articles”) require indemnification of the directors of the Company. Indemnitee may also be entitled to indemnification pursuant to the Ohio General Corporation Law (“OGCL”). The Articles of
Incorporation and the OGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the board of directors with respect
to indemnification.

 

        WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to
advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified.

 

        WHEREAS, this Agreement is a supplement to and in furtherance of the Articles of Incorporation of the Company and any
resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

        WHEREAS, Indemnitee does not regard the protection available under the Company’s Articles of Incorporation and
insurance as adequate in the present circumstances, and may not be willing to serve as a director without adequate protection, and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve and continue to serve as a
director on the condition that Indemnitee be so indemnified.

 

        WHEREAS, as a result of the reincorporation of the Company from the State of Delaware to the State of Ohio effective as
of April 30, 2001, the Company has incorporated in this Agreement provisions necessary to comply with the OGCL.

 

        NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do
hereby covenant and agree as follows:

 

		         1.  Services to the Company.   
 Indemnitee will serve or continue to serve as a director of the Company for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his or her resignation.

 

		         2.  Definitions.    As used in this
Agreement:

 

		         (a)  A “Change in Control” shall be deemed to occur upon
the earliest to occur after the date of this Agreement of any of the following events:

 

		         (i)  Acquisition of Shares by Third Party. Any Person (as defined
below) becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities;

 

		          (ii)  Change in Board of Directors. During any period of two (2)
consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has entered into an
agreement with the Company to effect a transaction described in Sections 2(a)(i), 2(a)(iii) or 2(a)(iv)) whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a least a majority of the members of the
Board;

 

		         (iii)  Corporate Transactions. The effective date of a merger or
consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more than 51% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and
with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

 

		         (iv)  Liquidation. The approval by the shareholders of the Company
of a complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; and

 

		         (v)  Other Events. There occurs any other event of a nature that
would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below), whether or not the Company is then
subject to such reporting requirement.

 

		         (vi)  Certain Definitions. For purposes of this Section 2(a), the
following terms shall have the following meanings:

 

		         (A)  “Exchange Act” shall mean the Securities Exchange
Act of 1934, as amended.

 

		         (B)  “Person” shall have the meaning as set forth in
Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned,
directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company.

 

		         (C)  “Beneficial Owner” shall have the meaning given to
such term in Rule 13d-3 under the Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the shareholders of the Company approving a merger of the Company with another
entity.

 

		         (b)  “Corporate Status” describes the status of a person
who is or was a director, officer, employee or agent of the Company or of any other corporation, partnership or joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the
Company.

 

		         (c)  “Disinterested Director” means a director of the
Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

 

		         (d)  “Enterprise” shall mean the Company and any other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary.

 

		          (e)  “Expenses” shall include all reasonable
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses
of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. “Expenses” also shall include
Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent.
“Expenses” however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

		         (f)  Reference to “other enterprise” shall include
employee benefit plans; references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director,
officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith
and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in manner “not opposed to the best interests of the Company” as referred to
in this Agreement.

 

		         (g)  The term “Proceeding” shall include any threatened,
pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise
and whether of a civil, criminal, administrative or investigative nature, in which Indemnitee was, is or will be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any
action taken by him or of any action on his part while acting as director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under
this Agreement.

 

		         (h)  “Independent Counsel” means a law firm, or a member
of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect
to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims,
liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

		         3.  Indemnity in Third-Party Proceedings.   
 The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in
connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding
had no reasonable cause to believe that his conduct was unlawful.

 

		          4.  Indemnity in Proceedings by or in the Right of the
Company.    The Company shall indemnify Indemnitee in accordance with the provisions of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter
therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of (i) any claim, issue or
matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, including, without limitation, any claim, issue or matter as to which Indemnitee is adjudged to be liable for negligence or misconduct in the
performance of his or her duty to the Company, unless and only to the extent that any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the
case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as the court in which the Proceeding was brought shall deem proper and (ii) any Proceeding in which the only liability asserted against Indemnitee is pursuant to
section 1701.95 of the OGCL.

 

		         5.  Indemnification for Expenses of a Party Who is Wholly or
Partly Successful.    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 therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in
connection with each successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful in such Proceeding, the Company also shall indemnify Indemnitee against all Expenses reasonably incurred in connection with a claim, issue
or matter related to any claim, issue, or matter on which the Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice,
shall be deemed to be a successful result as to such claim, issue or matter.

 

		         6.  Indemnification For Expenses of a Witness.  
  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith.

 

		         7.  Additional Indemnification.

 

		         (a)  Notwithstanding any limitation in Sections 3, 4, or 5, the
Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor)
against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnity shall be made under this Section 7(a) on account of Indemnitee’s conduct which
constitutes a breach of Indemnitee’s duty of loyalty to the Company or its shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of the law.

 

		         (b)  Notwithstanding any limitation in Sections 3, 4, 5 or 7(a),
the Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgement in its
favor) against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding.

 

		         (c)  For purposes of Sections 7(a) and 7(b), the meaning of the
phrase “to the fullest extent permitted by law” shall include, but not be limited to:

 

		          i.  to the fullest extent permitted by the provision of the OGCL
that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the OGCL, and

 

		         ii.  to the fullest extent authorized or permitted by any
amendments to or replacements of the OGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors.

 

		         8.  Exclusions.    Notwithstanding any
provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any claim made against Indemnitee:

 

		         (a)  for which payment has actually been made to or on behalf of
Indemnitee under any insurance policy or other indemnity provision, except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or

 

		         (b)  for an accounting of profits made from the purchase and sale
(or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or

 

		         (c)  in connection with any Proceeding (or any part of any
Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board of Directors of the Company
authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law. The exclusion set forth in
this clause (c) shall not apply to any action brought by Indemnitee to enforce his rights under, or to recover damages for breach of, this Agreement.

 

		         9.  Advances of Expenses.   
 Notwithstanding any provision of this Agreement to the contrary, the Company shall advance the expenses incurred by Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Company of a statement or
statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay the
expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all reasonable Expenses incurred pursuing an action to enforce this right of
advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. The Indemnitee shall qualify for advances solely upon the execution and delivery to the Company of an undertaking providing
that the Indemnitee undertakes to repay the advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 9 shall not apply to any claim made by Indemnitee for which indemnity
is excluded pursuant to Section 8.

 

		         10.  Procedure for Notification and Defense of
Claim.

 

		         (a)  To obtain indemnification under this Agreement, Indemnitee
shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to
indemnification, not later than thirty (30) days after receipt by Indemnitee of notice of the commencement of any Proceeding. The omission to notify the Company will not relieve the Company from any liability which it may have to Indemnitee
otherwise than under this Agreement. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification.

 

		         (b)  The Company will be entitled to participate in the Proceeding
at its own expense.

 

		          11.  Procedure Upon Application for
Indemnification.

 

		         (a)  Upon written request by Indemnitee for indemnification
pursuant to the first sentence of Section 10(a), a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control shall have occurred, by Independent
Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of a quorum consisting of the Disinterested Directors or (B) if
the quorum described in (A) is not obtainable, or if there are no such Disinterested Directors, or if a majority vote of a quorum of Disinterested Directors so directs, by Independent Counsel in a written opinion to the Board, a copy of which shall
be delivered to Indemnitee or (C) if so directed by the Board, by the shareholders of the Company or (D) if so directed by the Board, by the court in which the Proceeding was brought; and, if it is so determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

		         (b)  In the event the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 11(a) hereof, the Independent Counsel shall be selected as provided in this Section 11(b). If a Change in Control shall not have occurred, the Independent Counsel shall be
selected by the Board of Directors, and the Company shall give written notice to Indemnitee advising him of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the
Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this
Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and
substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within twenty (20) days after submission by
Indemnitee of a written request for indemnification pursuant to Section 10(a) hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution
of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court
shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 11(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant
to Section 13(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

		          12.  Presumptions and Effect of Certain
Proceedings.

 

		         (a)  In making a determination with respect to entitlement to
indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with
Section 10(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the
Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the
applicable standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct.

 

		         (b)  If the person, persons or entity empowered or selected under
Section 11 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination of entitlement
to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such 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, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to
exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or
information relating thereto; and provided, further, that the foregoing provisions of this Section 12(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by the shareholders pursuant to Section 11(a) of this
Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination the Board of Directors has resolved to submit such determination to the shareholders for their consideration at an annual meeting
thereof to be held within seventy five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of shareholders is called within fifteen (15) days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section
11(a) of this Agreement.

 

		         (c)  The termination of any Proceeding or of any claim, issue or
matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee
had reasonable cause to believe that his conduct was unlawful.

 

		         (d)  Reliance as Safe Harbor.    For
purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied
to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or
by an appraiser or other expert selected with the reasonable care by the Enterprise. The provisions of this Section 12(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to
have met the applicable standard of conduct set forth in this Agreement.

 

		          (e)  Actions of Others.    The
knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

		         13.  Remedies of Indemnitee.

 

		         (a)  In the event that (i) a determination is made pursuant to
Section 11 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 11(a) of this Agreement within forty five (45) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 5, 6, 7 or the last
sentence of Section 11(a) of this Agreement within ten (10) days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within ten (10) days after a
determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by a court of his entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his option,
may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award
in arbitration.

 

		         (b)  In the event that a determination shall have been made
pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in all respects as a de novo trial, or
arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company shall have the burden of proving Indemnitee is not
entitled to indemnification or advancement of Expenses, as the case may be.

 

		         (c)  If a determination shall have been made pursuant to Section
11(a) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13, 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, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable
law.

 

		         (d)  In the event that Indemnitee, pursuant to this Section 13,
seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against,
any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in said judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the
indemnification or advancement of Expenses sought, the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses reasonably incurred by Indemnitee in connection with such judicial
adjudication or arbitration.

 

		         (e)  The Company shall be precluded from asserting in any judicial
proceeding or arbitration commenced pursuant to this Section 13 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is
bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore) advance such
expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors’ and officers’ liability
insurance policies maintained by the Company, regardless of whether
Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

		         14.  Non-exclusivity; Survival of Rights; Insurance;
Subrogation.

 

		         (a)  The rights of indemnification and to receive advancement of
Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s Articles of Incorporation, the Company’s Regulation, any
agreement, a vote of shareholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any
action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Ohio law, whether by statute or judicial decision, permits greater indemnification or advancement of
Expenses than would be afforded currently under the Company’s Articles of Incorporation and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No
right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

 

		         (b)  To the extent that the Company maintains an insurance policy
or policies providing liability insurance for directors, officers, employees, or agents of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request
of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy or policies. If, at the
time of the receipt of a notice of a claim pursuant to Section 2(b) of Section 2 hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies.

 

		         (c)  In the event of any payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to
enable the Company to bring suit to enforce such rights.

 

		         (d)  The Company shall not be liable under this Agreement to make
any payment of amounts otherwise indemnifiable (or for which advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or
otherwise.

 

		         (e)  The Company’s obligation to indemnify or advance Expenses
hereunder to Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any
amount Indemnitee has actually received as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

		         15.  Duration of Agreement.    This
Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as a director of the Company or as a director, officer, employee or agent of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise which Indemnitee served at the request of the Company; or (b) one (1) year after the final termination of any Proceeding then pending in respect of which Indemnitee is
granted rights
of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 13 of this Agreement relating thereto. This Agreement shall be binding upon the Company and its successors and assigns and
shall inure to the benefit of Indemnitee and his heirs, executors and administrators.

 

		         16.  Severability.    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 without limitation, each portion
of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to
the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 

		         17.  Enforcement.

 

		         (a)  The Company expressly confirms and agrees that it has entered
into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of the
Company.

 

		         (b)  This Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

		         18.  Modification and Waiver.    No
supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of
this Agreement nor shall any waiver constitute a continuing waiver.

 

		         19.  Notice by Indemnitee.    Indemnitee
agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement
of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

		         20.  Notices.    All notices, requests,
demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (a) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (b)
mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:

 

		         (a)  If to Indemnitee, at the address indicated on the signature
page of this Agreement, or such other address as Indemnitee shall provide to the Company.

 

		         (b)  If to the Company to:

 

		 Oglebay Norton Company

		 1100 Superior Avenue, 21st Floor

		 Cleveland, Ohio 44114

		 Attn:  Secretary

 

		 or to any other address as may have been furnished to Indemnitee by the Company.

 

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

 

		         22.  Applicable Law and Consent to Jurisdiction. 
   This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Ohio, without regard to its conflict of laws rules. Except with respect to
any arbitration commenced by Indemnitee pursuant to Section 10(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall
be brought only in the Court of Common Pleas of the State of Ohio (the “Ohio Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the Ohio Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) appoint, to the extent such party is not otherwise subject to service of process in the State of Ohio, CT Corporation
System, 1300 East 9th Street, Suite 1010, Cleveland, Ohio 44114 as its agent in the State of Ohio as such party’s agent for acceptance of legal process in connection with any such action or proceeding against such party with the same legal
force and validity as if served upon such party personally within the State of Ohio, (iv) waive any objection to the laying of venue of any such action or proceeding in the Ohio Court, and (v) waive, and agree not to plead or to make, any claim that
any such action or proceeding brought in the Ohio Court has been brought in an improper or inconvenient forum.

 

		         23.  Identical Counterparts.    This
Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

		         24.  Miscellaneous.    Use of the masculine
pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

 

        IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above
written.

 

	 OGLEBAY NORTON COMPANY

 

By: 

Name:    John N. Lauer

Title:     Chairman, President and Chief

Executive Officer

		 INDEMNITEE

 

By: 

Name:

Address:<PAGE>

                                                                   Exhibit 10.18

                         HUGHES ELECTRONICS CORPORATION

                                FOURTH AMENDMENT
               TO REVOLVING CREDIT AGREEMENT (MULTI-YEAR FACILITY)

     This FOURTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (MULTI-YEAR FACILITY)
(this "Amendment") is dated as of September 28, 2001, is entered into by and
among HUGHES ELECTRONICS CORPORATION, a Delaware corporation (the "Borrower"),
the financial institutions listed on the signature pages hereof (the "Banks"),
BANK OF AMERICA, N.A. as the administrative agent for the Banks (in such
capacity, the "Administrative Agent"), MORGAN GUARANTY TRUST COMPANY OF NEW YORK
as the syndication agent (in such capacity, the "Syndication Agent"), and
CITICORP USA, INC. and THE CHASE MANHATTAN BANK as documentation agents (the
"Documentation Agents"), and is made with reference to the Amended and Restated
Revolving Credit Agreement (Multi-Year Facility) dated as of November 24, 1999,
as amended (the "Credit Agreement"), by and among the Borrower, the lending
institutions identified therein, the Administrative Agent, the Syndication Agent
and the Documentation Agents. Capitalized terms not defined in this Amendment
are defined in the Credit Agreement.

                                    RECITALS

     Because the Borrower and the Banks desire to amend the Credit Agreement in
various respects, the parties agree as follows:

                                    AGREEMENT

     1.   AMENDMENTS TO THE CREDIT AGREEMENT

          (A) Subsection 1.1 of the Credit Agreement is hereby amended by
deleting the definition of Consolidated EBITDA in its entirety and replacing it
with the following:

          "Consolidated EBITDA" means, for any period, for Borrower and its
     Subsidiaries on a consolidated basis, an amount equal to the sum of (a)
     Consolidated Net Income, (b) Consolidated Interest Charges, (c) the amount
     of taxes, based on or measured by income, used or included in the
     determination of such Consolidated Net Income, (d) the amount of
     depreciation and amortization expense deducted in determining such
     Consolidated Net Income; plus (e) if a non-cash charge is taken in
                              ----
     connection with the write-off of equity investment in Sky Perfect
     Communications, Inc., the amount of such non-cash charge; plus (f) the
                                                               ----
     noncash component of any unusual or nonrecurring item of loss or expense
     (or minus the noncash component of any unusual or nonrecurring item of gain
         -----
     or income) to the extent used or included in the determination of such
     Consolidated Net Income, provided that with respect to accruals or reserves
                              --------
     for future cash disbursements, such future cash disbursements shall be
     deducted in the fiscal period in which such cash disbursement is made.

<PAGE>

          (B) Subsection 1.1 of the Credit Agreement is hereby further amended
by deleting the definition of Debt Rating in its entirety and replacing it with
the following:

          "Debt Rating" means, as of any date of determination, the rating as
     determined by either Standard & Poor's Ratings Group or Moody's Investors
     Service, Inc. (collectively, the "Debt Ratings") of (a) the Borrower's
     senior unsecured long-term debt; or (b) if the foregoing debt is not
     outstanding, then the rating of this bank credit facility or the implied
     rating of senior unsecured and non-credit enhanced debt securities,
     provided that if both ratings in this clause (b) have been issued then both
     -------------
     shall apply; or (c) if neither (a) nor (b) apply, then the rating of
     long-term debt issued by equipment trust guaranteed by Borrower; provided
                                                                      --------
     that if a Debt Rating is issued by both rating agencies, then the lower of
     ----
     the credit ratings shall apply (unless the split in credit ratings is more
     than one level, in which case the level one level higher than the lower
     rating shall apply). The credit ratings shall be determined from the most
     recent public announcement of any changes in such credit ratings.

          (C) Subsection 1.1 of the Credit Agreement is hereby further amended
by revising the table contained in the definition of Utilization Fee so that the
fee shown opposite "Level 4" is changed from 12.5 to 25.0.

          (D) Subsection 2.6(a) of the Credit Agreement is hereby amended by
deleting it in its entirety and replacing it with the following:

     The outstanding Principal Amount of each Eurodollar Loan shall bear
     interest until payment is due in full (computed daily on the basis of a
     three hundred sixty (360) day year and actual days elapsed) at a rate per
     annum equal to the Eurodollar Rate plus the Applicable Amount; plus, with
                                        ----                        ----
     respect to each day on which the aggregate amount of outstanding Loans is
     greater than or equal to 50% of the Total Commitments, the Utilization Fee
     (computed daily on the basis of a three hundred sixty (360) day year and
     actual days elapsed). Borrower shall pay interest on each Eurodollar Loan
     on each Interest Payment Date for such Eurodollar Loan. Borrower shall
     repay in full the Principal Amount of each Eurodollar Loan on the last day
     of the Interest Period for such Eurodollar Loan or as provided in Section
     2.10(c).

          (E) Subsection 9.1(l) of the Credit Agreement is hereby deleted in its
entirety and replaced with the following:

     Any sale, spin-off, disposition or other transaction whereby General Motors
     Corporation will no longer beneficially own directly or indirectly at least
     51 percent of the issued and outstanding capital stock of Borrower having
     voting power under ordinary circumstances to elect directors of Borrower
     shall have occurred.

     2.   CONDITIONS TO EFFECTIVENESS

          Section 1 of this Amendment will become effective only when all of the
following conditions have been satisfied (the date this occurs is the "Amendment
Effective Date"):

<PAGE>

          (A) On or before the Amendment Effective Date, the Borrower must
deliver to the Banks (or to the Administrative Agent) this Amendment, dated as
of the Amendment Effective Date, and executed by the Borrower, the Majority
Banks, and the Administrative Agent. Borrower must supply enough originally
executed copies for each Bank and its counsel.

          (B) The Administrative Agent, the Syndication Agent, the Documentation
Agents, the Arranger, and each Bank must receive all fees and other amounts that
the Borrower owes to it as of the Amendment Effective Date.

     3.   BORROWER'S REPRESENTATIONS AND WARRANTIES

          In order to induce the Banks to enter into this Amendment, the
Borrower represents and warrants to each Bank that the following statements are
true, correct and complete:

          (A) Corporate Power and Authority. Borrower has all requisite
              -----------------------------
corporate power and authority to (i) enter into this Amendment, and (ii) carry
out the transactions contemplated by, and perform its obligations under, the
Credit Agreement as amended by this Amendment (the "Amended Agreement").

          (B) Authorization of Agreements. The execution and delivery of this
              ---------------------------
Amendment, and the performance of the Amended Agreement, have been duly
authorized by all necessary corporate action on the part of the Borrower.

          (C) No Contravention. There is no (i) charter, by-law, or capital
              ----------------
stock provision of the Borrower, (ii) provision of any indenture or material
agreement (written or oral) to which the Borrower is a party or under which the
Borrower is obligated, (iii) statute, rule or regulation, or (iv) judgment,
decree or order of any court or agency binding on the Borrower that would be
contravened by the execution, delivery and performance of any provision,
condition, covenant or other term of this Amendment or the Amended Agreement.

          (D) Binding Obligation. This Amendment and the Amended Agreement are
              ------------------
legal, valid and binding obligations of the Borrower, enforceable against it in
accordance with their terms. Furthermore, any instrument or agreement required
by this Amendment or the Amended Agreement, when executed and delivered, will be
similarly valid, binding and enforceable.

          (E) Incorporation of Representations and Warranties From Credit
              -----------------------------------------------------------
Agreement. The representations and warranties contained in Section 6 of the
---------
Credit Agreement are and will be true, correct, and complete in all material
respects on and as of the Amendment Effective Date to the same extent as though
made on and as of that date (except to the extent those representations and
warranties specifically relate to an earlier date, in which case they were true,
correct and complete in all material respects on and as of the earlier date),
provided, however, that the reference in Section 6.6 to the Borrower's financial
--------  -------
statements dated December 31, 1996 shall, for purposes of this Amendment, be
deemed a reference to the Borrower's financial statements dated December 31,
2000.

<PAGE>

          (F) Absence of Default. After giving effect to this Amendment, no
              ------------------
event has occurred and is continuing, or will result from the consummation of
the transactions contemplated by this Amendment, that would constitute an Event
of Default or an Unmatured Event of Default.

     4.   MISCELLANEOUS

          (A) Reference to and Effect on the Credit Agreement and the Other Loan
              -----------------------------------------------------------------
Documents.
---------

          (i)   On and after the Amendment Effective Date, the following words
will refer to the Amended Agreement: (a) each reference in the Credit Agreement
to "this Agreement", "hereunder", "hereof", "herein", or similar terms that
refer to the Credit Agreement, and (b) each reference in the other documents
entered pursuant to the Credit Agreement to the "Credit Agreement",
"thereunder", "thereof", or similar terms that refer to the Credit Agreement.

          (ii)  Except for those provisions specifically changed by this
Amendment, the Credit Agreement and the other documents entered pursuant to the
Credit Agreement will remain in full force and effect, and are hereby ratified
and confirmed.

          (iii) Except as expressly provided herein, the execution, delivery and
performance of this Amendment does not operate as or constitute a waiver of (a)
any provision of the Credit Agreement or any of the other Loan Documents, or (b)
any right, power or remedy of the Administrative Agent or any Bank under the
Credit Agreement or any of the other Loan Documents.

          (B) Fees and Expenses. The Borrower acknowledges that all costs, fees
              -----------------
and expenses described in subsection 11.14 of the Credit Agreement that are
incurred by the Arranger, the Administrative Agent, and their counsel with
respect to this Amendment and the documents and transactions contemplated hereby
will be for the account of the Borrower.

          (C) Headings. The section and subsection headings in this Amendment
              --------
are only included for convenience. They are not otherwise a part of this
Amendment, and will not be given any substantive effect.

          (D) California Law. The interpretation, enforcement and effect of this
              --------------
Amendment shall in all respects be governed and controlled by, and construed
according to, the substantive laws of the State of California.

          (E) Counterparts; Effectiveness. This Amendment may be executed in any
              ---------------------------
number of counterparts, and when executed and delivered each counterpart shall
be deemed an original. However, all the counterparts together will constitute
but one and the same instrument. Signature pages may be detached from multiple
separate counterparts and collated so that they are physically attached to the
same document. This Amendment (other than the provisions of Section 1, which
become effective as described in Section 2) shall become effective when (i) the
Borrower and the Majority Banks execute their respective counterparts, and (ii)
the Borrower

<PAGE>

and the Administrative Agent receive written or telephonic notification that the
counterparts have been executed and authorized for delivery.

                [Remainder of this page intentionally left blank]

<PAGE>

The undersigned hereby agrees to the Fourth Amendment to the Revolving Credit
Agreement (Multi-Year Facility) for Hughes Electronics Corporation.

                                   HUGHES ELECTRONICS CORPORATION

                                   By:
                                   ---------------------------------------------
                                   Name: Patrick T. Doyle
                                   Title:   Corporate Vice President & Treasurer

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