Document:

Exhibit
      10.35

    

    BreitBurn
      Energy Partners L.P.

    2006
      Long-Term Incentive Plan 

    Restricted
      Phantom Units Directors’ Award Agreement

    

    

     

    Grantee:_____________________________

     

    Number
      of Restricted Phantom Units Granted:______________

     

    Grant
      Date:_______________________
      

     

    Vesting
      Commencement Date:  ______________

     

    This
      2006
      Long-Term Incentive Plan Agreement is between BreitBurn GP, LLC (the
      “Company”),
      as the
      general partner of BreitBurn Energy Partners L.P., a Delaware limited
      partnership, and __________, a Director of the Company (referred to herein
      as
“you”).

     

    
      	
              1.

            	
              Grant
                of Restricted Phantom
                Units with DERs.
                The Company hereby grants to you [____] Restricted Phantom Units
                under the
                2006 BreitBurn Energy Partners L.P. Long-Term Incentive Plan (the
“Plan”)
                on the terms and conditions set forth herein. This grant of Restricted
                Phantom Units includes a tandem DER grant with respect to each Restricted
                Phantom Unit. The Company shall establish a DER bookkeeping account
                for
                you with respect to each Restricted Phantom Unit granted that shall
                be
                credited with an amount equal to any cash distributions made by the
                Company on a Unit during the period such Restricted Phantom Unit
                is
                outstanding and deemed reinvested in Restricted Phantom Units based
                on the
                Fair Market Value on the date of such cash distribution. Such bookkeeping
                account shall be denominated in Restricted Phantom Units. In the
                event of
                any conflict between the terms of this Agreement and the Plan, which
                is
                incorporated herein by reference as a part of this Agreement, the
                terms of
                the Plan shall control. Capitalized terms used in this Agreement
                but not
                defined herein shall have the meanings ascribed to such terms in
                the Plan,
                unless the context requires otherwise.

            

    

     

    
      	
              2.

            	
              Vesting. Except
                as otherwise provided in Paragraph 3 below, the Restricted Phantom
                Units
                granted hereunder shall vest on the third anniversary of the Vesting
                Commencement Date as follows:

            

    

     

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              Third
                Anniversary of

              Vesting
                Commencement Date

            	 	
              Cumulative

              Vested
                Percentage

            
	
              [___________]

            	 	
              100
                %

            
	 	 	 
	 	 	 

    

    

     

    Upon
      vesting of a Restricted Phantom Unit under this grant, the Restricted Phantom
      Units attributable to the reinvestment from the amount credited to your tandem
      DER account with respect to such Restricted Phantom Unit shall also vest. If
      a
      Restricted Phantom Unit is forfeited, the amount credited to your tandem DER
      account with respect to such Restricted Phantom Unit shall be similarly
      forfeited.

     

    
      	
              3.

            	
              Events
                Occurring Prior to Full Vesting.
                

            

    

     

    
      	 	
              (a)

            	
              Death
                or Disability.
                If your service as a member of the Board of Directors of the Company
                terminates as a result of your death or a disability that would entitle
                you to benefits under the Company’s long-term disability plan, if you were
                eligible to participate in such plan, the Restricted Phantom Units
                then
                held by you, including Restricted Phantom Units attributable to the
                reinvestment from the amount credited to your tandem DER account,
                automatically will become fully vested upon such
                termination.

            

    

     

    
      	 	
              (b)

            	
              Other
                Terminations.
                If your service as a member of the Board of Directors of the Company
                terminates for any reason other than as provided in Paragraph 3(a)
                above,
                all Restricted Phantom Units then held by you, including Restricted
                Phantom Units attributable to the reinvestment from the amount credited
                to
                your tandem DER account, automatically shall be forfeited without
                payment
                upon such termination. 

            

    

     

    
      	 	
              (c)

            	
              Change
                of Control.
                Provided that you continuously serve as a member of the Board of
                Directors
                until at least immediately prior to a Change of Control, all outstanding
                Restricted Phantom Units held by you and all DERs reinvested in Restricted
                Phantom Units automatically shall become fully vested upon a Change
                of
                Control.

            

    

     

    For
      purposes of this Paragraph 3, provided that it will not result in payment being
      made outside the Short-Term Deferral Period (as defined below), “a termination
      of service as a member of the Board of Directors of the Company” shall not
      include a change of status between any of the following: an Employee or a
      Director of, or a Consultant to, the Company or an Affiliate of the Partnership.
      

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              4.

            	
              Payments.
                

            

    

     

    
      	
              (a)

            	
              Restricted
                Phantom Units.
                .
                As of the date on which the Restricted Phantom Units Award (or any
                portion
                thereof) vests (the “Vesting
                Date”),
                the vested portion of the Restricted Phantom Units Award shall represent
                the right to receive payment, in accordance with this Section 4,
                of either
                (i) a number of Units equal to the number of vested Restricted Phantom
                Units or (ii) at the sole election of the Company, an amount in cash
                equal
                to the Fair Market Value of a Unit on the Vesting Date multiplied
                by the number of vested Restricted Phantom Units subject to the
                Award.
                Payment with respect to the Restricted Phantom Units Award shall
                be made
                to you on or as soon as practicable after the Vesting Date, but in
                no
                event later than 60 days following the Vesting Date.
                

            

    

     

    

     

    
      	 	
              (b)

            	
              DERs.
                At the same time the vested Restricted Phantom Unit is paid, the
                vested
                Restricted Phantom Units then credited to your tandem DER account
                and
                reinvested in Restricted Phantom Units shall be paid to you in accordance
                with Section 4.(a) herein.

            

    

     

    (c) Code
      Section 409A; Short-Term Deferrals.
      The
      payments and benefits under this Agreement are intended to satisfy the
      short-deferral exemption under Treasury Regulation Section 1.409A-1(b)(4) and
      shall be made not later than the last day of the applicable two and one-half
      (2
1⁄2) month “short-term deferral period” with respect to such payments and
      benefits, within the meaning of Treasury Regulation Section 1.409A-1(b)(4)
      (the
“Short-Term Deferral Period”). 

    

     

    
      	
              5.

            	
              Withholding
                of Taxes.
                To the extent that a payment under the Plan results in the receipt
                of
                compensation by you with respect to which the Company or an Affiliate
                has
                a tax withholding obligation pursuant to applicable law, and unless
                other
                arrangements have been made by you that are acceptable to the Company
                or
                such Affiliate, you shall deliver to the Company or the Affiliate
                such
                amount of money as the Company or the Affiliate may require to meet
                its
                withholding obligations under such applicable law. No issuance of
                Units
                shall be made pursuant to this Agreement until you have paid or made
                arrangements approved by the Company or the Affiliate to satisfy
                in full
                the applicable tax withholding requirements of the Company or Affiliate
                with respect to such event.

            

    

     

    
      	
              6.

            	
              Limitations
                Upon Transfer.
                All rights under this Agreement shall belong to you alone and may
                not be
                transferred, assigned, pledged, or hypothecated by you in any way
                (whether
                by operation of law or otherwise), other than by will or the laws
                of
                descent and distribution and shall not be subject to execution,
                attachment, or similar process. Upon any attempt by you to transfer,
                assign, pledge, hypothecate, or otherwise dispose of such rights
                contrary
                to the provisions in this Agreement or the Plan, or upon the levy
                of any
                attachment or similar process upon such rights, such rights shall
                immediately become null and void.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              7.

            	
              Binding
                Effect.
                This Agreement shall be binding upon and inure to the benefit of
                any
                successor or successors of the Partnership and upon any person lawfully
                claiming under you.

            

    

     

    
      	
              8.

            	
              Entire
                Agreement.
                This Agreement constitutes the entire agreement of the parties with
                regard
                to the subject matter hereof, and contains all the covenants, promises,
                representations, warranties and agreements between the parties with
                respect to the Restricted Phantom Units granted hereby. Without limiting
                the scope of the preceding sentence, all prior understandings and
                agreements, if any, among the parties hereto relating to the subject
                matter hereof are hereby null and void and of no further force and
                effect.
                

            

    

     

    
      	
              9.

            	
              Modifications.
                Except as provided below, any modification of this Agreement shall
                be
                effective only if it is in writing and signed by both you and an
                authorized individual on behalf of the
                Company.

            

    

     

    
      	
              10.

            	
              Governing
                Law.
                This
                grant shall be governed by, and construed in accordance with, the
                laws of
                the State of Delaware, without regard to conflicts of laws principles
                thereof.

            

    

     

    IN
      WITNESS WHEREOF
      the
      parties have executed and delivered this Agreement effective as of the date
      first written above.

    

     

    
      	BREITBURN GP,
              LLC 	 	 	 
	 	 	 	 
	 	 	 	
              
                

              

              [Outside
                Director]  

            
	 	 	 	 
	 	 	 	 
	By:	 	 	
            
	
              
                

              
Name:	 	 	
            
	
              
                

              

              Title: 

            	 	 	 
	
              
                
  

            	 	 	 

    

     

     

    
      
         

      

      
        4INDEMNIFICATION
      AGREEMENT 

     

    THIS
      INDEMNIFICATION AGREEMENT ("Agreement")
      is made as of the ___ day of _______ 2007, by and between 21st
      Century
      Holding Company, a Florida corporation (the “Corporation”), and the
      ___________________ (“Indemnitee”). 

     

    WHEREAS,
      the
      Indemnitee is currently serving as a director and/or executive officer of the
      Corporation and the Corporation desires to continue to retain the services
      of
      the Indemnitee as a director and/or executive officer of the Company;

     

    WHEREAS,
      through
      its Amended and Restated Articles of Incorporation and Bylaws it is the express
      policy of the Corporation to indemnify its executive officers and directors
      so
      as to provide them with the maximum possible protection permitted by law; and
      

     

    WHEREAS,
      the
      Board of Directors has concluded that it is in the best interests of the
      Corporation’s shareholders for the Corporation to contractually reaffirm the
      Shareholders’ expressed policy to indemnify its executive officers and directors
      and to establish procedures and presumptions with respect thereto to make the
      process of indemnification more certain; and 

     

    WHEREAS,
      Florida
      Statutes, Section 607.0850, empowers corporations to indemnify, among
      others, any person serving as a executive officer and/or director of the
      Corporation, and such Section 607.0850 specifies that the indemnification
      set forth therein shall not be deemed exclusive of any other rights to which
      those seeking indemnification may be entitled under any bylaw, agreement, vote
      of shareholders or Disinterested Directors, or otherwise; and 

     

    WHEREAS,
      the
      Corporation desires to have Indemnitee serve or continue to serve as an
      executive officer and/or director of the Corporation or of any other
      corporation, subsidiary, partnership, joint venture, or trust or other
      enterprise of which Indemnitee has been or is serving at the request, or to
      represent the interests, of the Corporation (hereinafter referred to as
“Affiliates(s) of the Corporation”) free from undue concern for unpredictable,
      inappropriate or unreasonable claims for damages by reason of Indemnitee’s
      Corporate Status and Indemnitee desires to serve or to continue to serve
      (provided that Indemnitee is furnished the indemnity provided for hereinafter),
      in one or more of such capacities; 

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants set forth herein, the Corporation and
      Indemnitee hereby agrees as follows: 

     

    1.  Indemnification.
      To the
      fullest extent permitted by the laws of the State of Florida, the Corporation
      shall indemnify and advance Expenses to Indemnitee as provided in this
      Agreement. Capitalized terms are defined in Section 12 of this Agreement.

     

    2.  Proceedings
      Other Than Proceedings by or in the Right of the
      Corporation.
      Indemnitee shall be entitled to the rights of indemnification, set forth in
      Section 1 if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or
      is threatened to be, made a party to any threatened, pending, or completed
      Proceeding, other than a Proceeding by or in the right of the Corporation.
      Indemnitee shall be indemnified against Expenses, liability and loss, including
      but not limited to, judgments, fines, and amounts paid in settlement actually
      and reasonably incurred by him/her or on Indemnitee’s behalf in connection with
      such Proceeding or any claim, issue or matter related thereto, if such
      Indemnification is permitted by applicable law and Indemnitee acted in good
      faith and in a manner Indemnitee reasonably believed to be in, or not opposed
      to, the best interests of the Corporation, and, with respect to any criminal
      Proceeding, had no reasonable cause to believe Indemnitee’s conduct was
      unlawful. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.  Proceedings
      by or in the Right of the Corporation.
      Indemnitee shall be entitled to the rights of indemnification set forth in
      Section 1 if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or
      is threatened to be, made a party to any threatened, pending or completed
      Proceeding brought by or in the right of the Corporation to procure a judgment
      in its favor provided such Proceeding was authorized by the Board of Directors
      of the Corporation. Indemnitee shall be indemnified against Expenses actually
      and reasonably incurred by him/her or on Indemnitee’s behalf in connection with
      such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee
      reasonably believed to be in or not opposed to the best interests of the
      Corporation. Notwithstanding the foregoing, no indemnification against such
      Expenses shall be made in respect of any claim, issue or matter in such
      Proceeding as to which Indemnitee shall have been adjudged to be liable, unless
      the court in which the Proceeding was brought, or any other court of competent
      jurisdiction, shall determine upon application that, despite the adjudication
      of
      liability but in view of all circumstances of the case, such person is fairly
      and reasonably entitled to indemnity for such Expenses which such court shall
      deem proper. 

     

    4.  Indemnification
      for Expenses of a Party Who is Wholly or Partly
      Successful.
      Notwithstanding any other provision of this Agreement, to the extent that
      Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is
      successful, on the merits or otherwise, in any Proceeding or any claim, issue
      or
      matter therein, Indemnitee shall be indemnified against all Expenses actually
      incurred by him/her or on Indemnitee’s behalf in connection therewith. If
      Indemnitee is not wholly successful in such a Proceeding but is successful,
      on
      the merits or otherwise, as to one or more but less than all claims, issues
      or
      matters in such a Proceeding, the Corporation shall indemnify Indemnitee against
      all Expenses actually incurred by him/her or on Indemnitee’s behalf in
      connection with each successfully resolved claim, issue or matter. For purposes
      of this Section 4 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.
      

     

    5.  Indemnification
      for Expenses of a Witness.
      Notwithstanding any other provision of this Agreement, to the extent that
      Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any
      Proceeding, Indemnitee shall be indemnified against all Expenses incurred by
      him/her or on Indemnitee’s behalf in connection therewith. 

     

    6.  Advancement
      of Expenses.
      The
      Corporation shall pay all Expenses incurred by or on behalf of Indemnitee in
      connection with any Proceeding within sixty (60) days after the receipt by
      the Corporation of a statement or statements from Indemnitee requesting such
      payment from time to time, whether prior to or after final disposition of such
      Proceeding. Such statement or statements shall reasonably evidence the Expenses
      incurred by Indemnitee and shall include or be preceded or accompanied by an
      undertaking by or on behalf of Indemnitee to repay any Expenses if it shall
      ultimately be determined that Indemnitee is not entitled to be indemnified
      against such Expenses. 

     

    7.  Procedure
      for Determination of Entitlement to Indemnification.
      

     

    (a)  To
      obtain
      indemnification, Indemnitee shall submit to the Corporation a written request,
      accompanied by 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 (hereinafter a “Request for
      Indemnification”). The Secretary of the Corporation shall, promptly upon receipt
      of such a Request for Indemnification, advise the Board of Directors in writing
      that Indemnitee has requested indemnification. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (b)  Upon
      submission of a Request for Indemnification, a determination, (unless otherwise
      ordered by a court), with respect to Indemnitee’s entitlement thereto, shall be
      made as follows: (1) by the Board of Directors of the Corporation by a
      majority vote of a quorum consisting of directors who were not parties to such
      proceeding; (2) if such quorum is not obtainable or, even if obtainable, by
      majority vote of a committee duly designated by the Board of Directors (in
      which
      directors who are parties may participate) consisting solely of two or more
      directors not at the time parties to the Proceeding; (3) by Independent
      Counsel: (i) selected by the Board of Directors prescribed in
      paragraph (a) or the committee prescribed in paragraph (b); or
      (ii) if a quorum of the Directors cannot be obtained for paragraph (a)
      and the committee cannot be designated under paragraph (b), selected by
      majority vote of the full Board of Directors (in which directors who are parties
      may participate); or (4) by the Shareholders by a majority vote of a quorum
      consisting of Shareholders who were not parties to such proceeding, or if no
      such quorum is obtainable, by a majority vote of Shareholders who were not
      parties to such proceeding. 

     

    (c)  If
      a
      determination is to be made by Independent Counsel, the Corporation shall pay
      all fees and expenses of Independent Counsel in making such determination.
      

     

    8.  Presumptions
      and Effect of Certain Proceedings.
      

     

    (a)  When
      making a determination with respect to entitlement to indemnification, the
      person, persons or entity making such determination shall presume that
      Indemnitee is entitled to indemnification if Indemnitee has submitted a Request
      for Indemnification in accordance with Section 7(a) and the Corporation shall
      have the burden of proof to overcome that presumption. 

     

    (b)  If
      the
      person, persons or entity empowered or selected under Section 7 to
      determine whether Indemnitee is entitled to indemnification denies such request,
      in whole or in part, or shall not have made such determination within sixty
      (60) days after receipt by the Corporation of the request therefor, the
      Indemnittee may seek to establish any rights to indemnification granted by
      Section 1 of this Agreement in any court of competent jurisdiction. The
      Indemnittee’s expenses (including attorneys’ fees) incurred in connection with
      successfully establishing Indemnittee’s right to indemnification, in whole or in
      part, in any such Proceeding or otherwise shall also be indemnified by the
      Corporation. 

     

    (c)  The
      termination of any Proceeding or of any claim, issue or matter related thereto
      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
      or by law) 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 Indemnitee reasonably believed to be in or not opposed to the
      best
      interest of the Corporation or, with respect to any criminal Proceeding, that
      Indemnitee had reasonable cause to believe that Indemnitee’s conduct was
      unlawful. In addition, neither the failure of the Independent Counsel to have
      made a determination as to whether Indemnitee has met any particular standard
      of
      conduct or had any particular belief, nor an actual determination by the
      Independent Counsel that the Indemnitee has not met such standard of conduct
      or
      did not have such belief, prior to the commencement of proceedings by Indemnitee
      to secure an arbitral or judicial determination that Indemnitee should be
      indemnified under applicable law shall be a defense to Indemnitee’s claim or
      create a presumption that Indemnitee has not met any particular standard of
      conduct or did not have any particular belief. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

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

     

    (a)  Excluded
      Action or Omissions.
      To
      indemnify Indemnitee under circumstances that would render such indemnification
      unlawful under Florida law. 

     

    (b)  Claims
      Initiated by Indemnitee.
      To
      indemnify or advance expenses to Indemnitee with respect to a Proceeding (or
      part thereof) initiated by Indemnitee, except with respect to: (1) a
      Proceeding brought to establish or enforce a right to indemnification (which
      shall be governed by the provisions of Section 7(b) of this Agreement); or
      (2) a Proceeding (or part thereof) of which the Indemnitee has provided
      notice to the Board of Directors of Corporation of his intent to commence such
      Proceeding and for which the Board of Directors has not denied authorization
      to
      Indemnitee to commence such Proceeding (or any part thereof) within sixty (60)
      days of its receipt of such notice, and then, Indemnitee shall be entitled
      to
      indemnification and the advancement of Expenses for such Proceeding initiated
      by
      Indemnitee only upon such terms and conditions as the Board of Directors may
      deem appropriate. 

     

    (c)  Claims
      Under Section 16(b).
      To
      indemnify Indemnitee for Expenses and payment of profits arising from the
      purchase and sale by Indemnitee of securities in violation of Section 16(b)
      of
      the Securities Exchange Act of 1934, as amended, or any similar successor
      statute as evidenced by a judgment or ruling in any judicial, administrative
      or
      alternative dispute resolution proceeding. 

     

    10.  Non-Exclusivity;
      Survival of Rights; Insurance.
      

     

    (a)  The
      rights of indemnification and to receive advancement of Expenses as described
      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 Corporation's
      Amended and Restated Articles of Incorporation, the Corporation's Bylaws, any
      agreement, a vote of shareholders, a resolution of Disinterested Directors
      or
      otherwise. No amendment, alteration or repeal of the Corporation's Amended
      and
      Restated Articles of Incorporation or Bylaws or of any provision hereof shall
      be
      effective as to Indemnitee with respect to any action or omission by such
      Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration
      or repeal. To the extent that a change in the laws of the State of Florida
      (whether by statute or judicial action) permits greater indemnification by
      agreement than would be afforded currently under the Corporation’s Amended and
      Restated Articles of Incorporation, Bylaws 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. The provisions of this Agreement shall
      continue as to an Indemnitee whose Corporate Status has ceased and shall inure
      to the benefit of Indemnitee’s heirs, executors and administrators.

     

    (b)  The
      Corporation shall maintain directors’ and officers’ liability insurance,
      covering Indemnitee, with commercially reasonable coverage terms and limits
      for
      so long as Indemnitee serves as a director of the Corporation or an Affiliate
      of
      the Corporation, provided and to the extent that such insurance is available
      on
      a commercially reasonable basis. However, the Corporation agrees that the
      provisions hereof shall remain in effect regardless of whether insurance
      coverage is at any time obtained or retained by the Corporation; except that
      any
      payments made under an insurance policy shall reduce the obligations of the
      Company hereunder. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    11.  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 shall not be in
      any
      way be affected or impaired thereby; and (b) to the fullest extent
      possible, the provisions of this Agreement shall be construed so as to give
      effect to the intent manifested by the provision held invalid, illegal or
      unenforceable. 

     

    12.  Definitions.
      For
      purposes of this Agreement: 

     

    (a)  “Corporate
      Status” means the status of a person who is or was an executive officer and/or
      director of the Corporation or of any other corporation, partnership, joint
      venture, trust, employee benefit plan or other enterprise which such person
      is
      or was serving at the request of the Corporation. Any election or appointment
      of
      an Indemnitee as an executive officer and/or director of the Corporation or
      of
      any corporation, partnership or joint venture which is a subsidiary or affiliate
      of the Corporation, or of a trust or employee benefit plan of the Corporation
      or
      any such subsidiary or affiliate, shall conclusively evidence that such
      Indemnitee’s service in such capacity was at the request of the Corporation.

     

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

     

    (c)  “Expenses”
      means all attorneys’ fees, retainers, court costs, transcript costs, fees of
      experts, witness fees, travel 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,
      or
      being or preparing to be a witness in a Proceeding. 

     

    (d)  “Indemnitee”
      means any person who is, or is threatened to be made, a witness in or a party
      to
      any Proceeding as described in Sections 2, 3, 4 or 5 by reason of
      Indemnitee’s Corporate Status. 

     

    (e)  “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 Corporation or Indemnitee in any
      matter (other than with respect to the rights of Indemnitee under this Agreement
      or other indemnities under similar indemnity 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
      Corporation or Indemnitee in an action to determine Indemnitee’s rights under
      this Agreement. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (f)  “Proceeding”
      means any action, suit, indictment, information, arbitration, alternate dispute
      resolution mechanism, inquiry, investigation, congressional, regulatory or
      administrative hearing or any other proceeding whether civil, criminal,
      regulatory, administrative or investigative, except one initiated by an
      Indemnitee unless such Proceeding was authorized by the Board of Directors
      or
      Indemnitee is enforcing Indemnitee’s rights to indemnification and/or
      advancement of Expenses. For purposes of this definition, a counterclaim, cross
      claim or third party claim in a Proceeding shall be considered a separate and
      distinct Proceeding.

     

    13.  Notification
      and Defense of Claim.
      

     

    (a)  Indemnitee
      shall give the Corporation notice in writing as soon as reasonably practicable
      of any claim made against him/her for which indemnity will or could be sought
      under this Agreement. In addition, Indemnitee shall, at the Corporations’
expense give the Corporation such information and cooperation as it may
      reasonable require and as shall be within Indemnitee’s power. Notice to the
      Corporation shall be directed to 21st
      Century
      Holding Company, 3661 West Oakland Park Boulevard, Suite 207, Lauderdale Lakes,
      Florida 33311, Attention: Peter J. Prygelski, Chief Financial Officer (or such
      other address as the Corporation shall designate in writing to Indemnitee).
      Notices to Indemnitee shall be directed to the address set forth below the
      signature of the Indemnitee on this Agreement (or such other address as the
      Indemnitee shall designate in writing to the Corporation). Notices shall be
      deemed received three (3) days after the date postmarked, if sent by
      prepaid certified mail, return receipt requested, properly addressed.

     

    (b)  In
      the
      event the Corporation shall be obligated to pay the Expenses of Indemnitee
      with
      respect to a Proceeding, as provided in this Agreement, the Corporation, if
      appropriate, shall be entitled to assume the defense of such Proceeding, with
      counsel reasonably acceptable to Indemnitee, upon the delivery to Indemnitee
      of
      written notice of its election to do so. After delivery of such notice, approval
      of such counsel by Indemnitee and the retention of such counsel by the
      Corporation, the Corporation will not be liable to Indemnitee under this
      Agreement for any fees of counsel subsequently incurred by Indemnitee with
      respect to the same Proceeding, provided that Indemnitee shall have the right
      to
      employ Indemnitee’s own counsel in such Proceeding at Indemnitee’s own expense.
      Notwithstanding the above provisions of this Section 13(b), the Corporation
      shall not be entitled to assume the defense of a Proceeding with counsel of
      its
      choosing, and all Expenses incurred by Indemnitee in defending such a Proceeding
      with Indemnitee’s own counsel shall be the obligation of the Corporation, if
      (i) the employment of Indemnitee’s own counsel has been previously
      authorized in writing by the Corporation; (ii) counsel to the Corporation
      or Indemnitee shall have reasonably concluded that there may be a conflict
      of
      interest or position, or reasonably believes that a conflict is likely to arise,
      on any significant issue between the Corporation and Indemnitee in the conduct
      of any such defense; or (iii) the Corporation shall not, in fact, have
      employed counsel to assume the defense of such Proceeding, except as otherwise
      expressly provided by this Agreement. The Corporation shall not be entitled,
      without the consent of Indemnitee, to assume the defense of any Proceeding
      brought by or in the right of the Corporation or as to which counsel for the
      Corporation or Indemnitee shall have reasonably made the conclusion provided
      for
      in clause (ii) above. 

     

    14.  Governing
      Law, Amendment.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Florida. This Agreement constitutes the entire may be amended or
      modified only by a writing executed and signed by the parties hereto. This
      Agreement may be executed in any number of counterparts, each of which shall
      constitute one and the same original. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    15.  Successors
      and Assigns.
      The
      obligations of the Company to the Indemnitee hereunder shall survive and
      continue as to the Indemnitee even if the Indemnitee ceases to be a director,
      officer, employee, adviser and/or agent of the Corporation. Each and all of
      the
      covenants, terms and all of the covenants, terms and provisions of this
      Agreement shall be binding upon and inure to the benefit of the successors
      and
      assigns of the Corporation and upon the death of the Indemnitee, to the benefit
      of the estate, heirs, executors, administrators and personal representatives
      of
      the Indemnitee. 

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Agreement on and as of the day and year first
      above written.

    
      	 	 	 
	 	
              21st
                CENTURY HOLDING COMPANY,

              a
                Florida corporation

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

              
                

              

              Title:

              
                

              

              
              

            

    

    
        

        	 	  
	 	
                INDEMNITEE:

              
	 	 
	 	
                
                  

                

                Print
                  Name: 

                
                  

                

              

      

    

     

    
      
        
        

      

      
        7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]