Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.19

INDEMNIFICATION AGREEMENT

This Agreement executed August 2, 2007 constitutes that AMEREX GROUP, INC. and its related companies
or subsidiaries, shall and hereby does indemnify and hold harmless Richard Coody (Indemnitee)
against all expenses, judgments, penalties, fines and amounts paid in settlement actually and
reasonably incurred by him or on his behalf if, by reason of his Corporate Status, he is, or is
threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in
the right of the Company), including, without limitation, all liability arising out of the
negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon
the Company’s obligations pursuant to this Agreement shall be that the Company shall not be
obligated to make any payment to Indemnitee that is finally determined to be unlawful. Whether or
not the indemnification provided for herein is available, in respect of any threatened, pending or
completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or
would be if joined in such action, suit or proceeding), the Company shall pay, in the first
instance, the entire amount of any judgment or settlement of such action, suit or proceeding
without requiring Indemnitee to contribute to such payment and the Company hereby waives and
relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter
into any settlement of any action, suit or proceeding in which the Company is jointly liable with
Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement
provides for a full and final release of all claims asserted against Indemnitee.

The rights of indemnification 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 certificate
of incorporation of the Company, the Bylaws, any agreement, a vote of stockholders, 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 the Oklahoma General Corporation Law, whether
by statute or judicial decision, permits greater indemnification than would be afforded currently
under the 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. 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.

 

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This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties
hereto and their respective successors (including any direct or indirect successor by purchase,
merger, consolidation or otherwise to all or substantially all of the business or assets of the
Company), assigns, spouses, heirs, executors and personal and legal representatives.

Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

Headings. 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.

Governing 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 Oklahoma, without regard to its conflict of laws rules. 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 District Court, County of Tulsa, of the
State of Oklahoma, 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
Oklahoma Court aforementioned 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 Oklahoma, irrevocably P. David Newsome as its agent in the State
of Oklahoma 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 Oklahoma, (iv) waive any objection to the laying of venue
of any such action or proceeding in the aforementioned Oklahoma Court, and (v) waive, and agree not
to plead or to make, any claim that any such action or proceeding brought in the aforementioned
Oklahoma Court has been brought in an improper or inconvenient forum.

IN WITNESS WHEREOF, the parties have signed this Agreement as of the date first written above.

	 	 	 
	Amerex Group, Inc.

	Richard Coody
	on behalf of the Company and it Board of Directors
	 	 

	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Nicholas Malino
	 	 	 	By:
	 	/s/ Richard Coody	 	 
	Name: Nicholas Malino	 	 	 	Name: Richard Coody	 	 
	Title: CEO	 	 	 	Title: Individual	 	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.20

AGREEMENT

THIS AGREEMENT, effective August 2, 2007, is by and between Rick
Coody (“Coody”), residing at 1102 N. Lenapah, Skiatook, OK 74070 (hereinafter the “Executive” or “Coody”) and AMEREX GROUP, INC. with offices at 1105 N. Peoria Avenue, Tulsa, OK 74106, on
behalf of itself and its officers, directors, shareholders, Executives, agents and affiliates,
predecessor, successor, parent, subsidiary, and other related companies, and each of them jointly
and severally (hereinafter singularly and collectively referred to as the “Company”).

WHEREAS, Coody has been employed by the Company as an executive and has provided consulting
services and executive services since May, 2005; and

WHEREAS, the Company and the Executive are engaged in a dispute relating to matters concerning
the day-to-day operations of the Company; and

WHEREAS, the Company and the Executive desire to resolve their differences and end the
employment/consulting relationship in an amicable manner; and

WHEREAS, the Executive agrees to remit payment to the Company in consideration for a full
release of all claims;

NOW, THEREFORE, in consideration of the mutual promises and covenants between the Executive
and the Company, along with the exchange of monies referred to below, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged Coody and the Company
agree as follows:

 

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1. Coody shall submit letter of resignation pursuant to which he voluntarily resigns all
positions at the Company effective August 2, 2007.

2. In consideration for the Release referred to below, Coody agrees to pay to the Company and
the Company agrees to accept the sum of $850,000 or that amount received from Executive’s sale of
his shares prior to December 31, 2009 (the “Settlement Consideration”). All of Executive’s
employment benefits shall cease to be effective as of the date of this Agreement; provided,
however, that pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), Executive
shall be entitled to extend his health benefits based upon the statutory requirements. Information
pertaining to COBRA shall be mailed to the Executive at his home.

3. The Settlement Consideration shall be paid by the Executive to the Company on or before
December 31, 2009.

4. Executive shall not disclose to any person any information relating to the management of
Company or the business of the Company that has come to Executive’s attention during the term of
his employment by the Company.

5. Executive represents that he has not commenced, maintained, prosecuted, or participated in
any action, charge, complaint or proceeding of any kind (on his own behalf and/or on behalf of any
other persons and/or on behalf of or as a member of any alleged class of persons) (collectively
“Actions”) that is pending in any court, or before any administrative or investigative body or
agency (whether public, quasi public, or private), against or involving the Company, and that he
will not do so at any time hereafter; provided, however, this clause shall not limit Executive from
filing a lawsuit for the sole purpose of enforcing rights under this Agreement, and as to events that occur after
the date of the Agreement.

 

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6. If any of the Executive’s representations contained above shall be in error, now, or at any
future time, then Executive stipulates to discontinuance of any and all said Actions and any court
or agency may act upon same with written notice to Executive.

7. Executive represents that he is unaware of any present or potential employment
discrimination or sexual harassment claims or suits, or any events, acts, circumstances or
omissions, which could reasonably be expected to give rise to any such claims or suits, by any
employee or former employee of the Company against the Executive.

8. Immediately upon execution of this Agreement by the parties hereto, Executive agrees
to return to the Company, all keys, lists of present customers, prospective customers, or former
customers, information on Company advertising, financing, products and sales, records, policy
manuals, business contracts, and other information relating to processes, plans, methods of doing,
or obtaining business, or obtaining customers, manner of operation or special needs of customers
(herein collectively referred to as “Confidential Information”) which may be in his possession or
subject to his control. The Executive acknowledges that all Confidential Information is solely the
Company’s property and constitutes the Company’s trade secrets.

The Executive represents, warrants, and covenants that the Executive shall not, at any
time, in any fashion, form or manner, either directly or indirectly, furnish, divulge, disclose, or communicate any Confidential Information to any person,
firm, company, corporation, partnership or other entity.

 

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In consideration of the mutual agreements contained herein, the Executive hereby agrees that
the any breach of the terms of this section is a material breach hereof. The parties hereto,
recognizing that irreparable injury will result to the Company, its business, and its property in
the event of a breach of any of the provisions of this section by the Executive, and that the
additional consideration referenced above is based primarily upon these provisions, hereby agree
that in the event of a breach, the Company shall be entitled, in addition to any other remedies and
damages available, to an injunction to restrain the violation thereof by the Executive, the
Executive’s partners, agents, servants, employers, and Executives, and all persons acting for or
with the Executive.

9. The Executive acknowledges and agrees that he is giving up any right which the
Executive may have under federal or state law or political subdivision thereof, including, but not
limited to the statutes hereinafter enumerated to file charges, complaints, or lawsuits or to
assert any claim against the Company with any court or administrative agency concerning the
Executive’s employment by, or separation of employment from, the Company; or with respect to any
matter whatsoever, whether known or unknown to the Executive at the time of the execution of this
Agreement.

 

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a. Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §2000 et seq as well as
the Civil Rights Act of 1991, as amended, 42 U.S.C. §1981 et seq;

b. The Age Discrimination in Employment Act, of 1967 as amended, including the Older Workers Benefit Protection Act, 29 U.S.C. §621 et seq;

c. The Family and Medical Leave Act, 29 U.S.C. 2601 et seq;

d. The Americans With Disabilities Act of 1990,42 U.S.C. § 12101 et seq.

e. ERISA 29 U.S.C. §1001 et seq;

f. Any and all regulations, guidelines, interpretations and standards promulgated under any
of the above, and

g. Any other federal, state, or local statutes, rules, regulations, ordinances, or orders,
which relate to employment by the Company.

10. The Company and the Executive, individually, and on behalf of his heirs, successors
or assigns, agrees to and does hereby release, acquit and forever discharge each other, their
respective successors and assigns, officers, directors and shareholders, from any and all manner of
actions, claims, and damages, whether known or unknown, liquidated or unliquidated, fixed or
contingent, direct or indirect, which the either party hereto ever had, may now have, or may
hereafter have against the one another or any of their shareholders, including attorneys’ fees,
with respect to Executive’s employment by, or separation from, the Company; and to any other matter
whatsoever, whether known or unknown to either party at the time of the execution of this
Agreement. This release shall not become effective until the Settlement Consideration is paid in
full.

 

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11. The Executive waives any and all rights to employment or reemployment with the Company,
which the Executive ever had, may now have, or may hereafter have, whether known or unknown to the
Executive at the time of execution of this Agreement.

12. The Executive agrees that the Company has not breached any oral or written employment or
other agreement or other agreement which may have existed between the Executive and the Company
with respect to any aspect of the Executive’s employment by, or separation of employment from the
Company, or with respect to any other matter whatsoever, whether known or unknown to the Executive
at the time of execution of this Agreement, with the sole exception of any future claim that the
Company violated its commitments under this Agreement.

13. The Executive agrees that he is owed no compensation, wages, vacation pay, overtime
benefits, holiday pay, insurance benefits or coverage or any other benefits of any kind, except as
provided for in this Agreement.

14. Neither the Company nor Executive shall denigrate the other, or any of the Company’s
products or services, or cause any negative publicity to be disseminated about the other either
orally or in writing.

15. Executive and the Company shall keep the terms and conditions of this Agreement
confidential except that Executive may discuss this Agreement with his attorney, his accountant,
business adviser, governmental agencies and their employees who have a need to know, and members of
his immediate family residing with him, provided, in all cases, each such person agrees to keep the
information confidential and not to disclose it to others, who do not have a need to know. The Company may disclose all
information required by any and all regulations of any and all regulatory agencies to which it is
subject. If, however, he is served with a Court Order or Subpoena, as a result of which he
reasonably could be asked to disclose the existence of this Agreement or any information protected
from disclosure by this Agreement, he shall provide the Company with written notice of same within
five (5) days following his receipt thereof.

 

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16. Upon reasonable advance notice, Executive will cooperate with the Company and its
attorneys should his services or testimony be required in connection with any investigation, claim,
lawsuit or other proceeding involving the Company and any third party.

17. This Agreement may be executed in identical counterpart documents each of which
shall be deemed an original.

18. This Agreement is entered into by the Company for settlement purposes only and without
prejudice to its position on any legal or factual matter relating to Executive’s employment at the
Company. This Agreement is not and shall not in any way be construed as an admission by the Company
of any fact, liability or prior contractual obligation, or that it has acted wrongfully with
respect to Executive, or any other person, or that Executive has any rights whatsoever against the
Company, and the Company specifically disclaims any liability for any wrongful acts against
Executive or any other person, on the part of itself, any related corporation, or predecessor and
their officers directors, members, agents and Executives.

 

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19. This Agreement shall be deemed executed and delivered within the State of Oklahoma and is
made in contemplation of its interpretation and effect being construed in accordance with the laws
of said State applicable to contracts, fully executed, delivered and performed in said State, and it
is expressly agreed that it shall be constructed in accordance with the laws of the State of
Oklahoma without giving effect to the principles of the conflicts of laws.

20. This Agreement has been entered into after negotiation and review of its terms and
conditions by parties under no compulsion to execute and deliver a disadvantageous agreement. This
Agreement incorporates provisions, comments and suggestions proposed by the parties. Executive
acknowledges that he has had the opportunity to consult with and be represented by counsel in the
negotiation of this Agreement. No ambiguity or omission in this Agreement shall be construed or
resolved against any party on the ground that this Agreement or any of its provisions was drafted or proposed by that party.

21. Each party agrees, without further consideration, to the execution and delivery to the
other party of any other documents, or take any other action that may be necessary to effectuate
this Agreement.

22. The parties hereto agree that the foregoing constitutes the entire agreement among them
and that there exist no other agreements, oral or written, among them, relating to any matters
covered by this Agreement and that same may not be modified except by an express written agreement
among them, signed by the parties hereto.

 

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NOTICE PURSUANT TO THE OLDER WORKER’S BENEFIT PROTECTION ACT

REGARDING THIS AGREEMENT AND RELEASE OF CLAIMS

You are advised to consult with an attorney to review the letter agreement which
accompanies this notice before signing it.

WHEREFORE, to signify their agreement to the terms hereof, the parties hereto have executed
this Agreement on the date set forth above.

	 	 	 	 	 	 	 
	 	 	/s/ Rick Coody	 
	 	 	 	 	 
	 	 	Rick Coody	 	 
	 
	 	 	 	 	 	 
	 	 	AMEREX GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Rick Coody	 	 
	 

	 	Name:
	 	 

Nicholas Malino	 	 
	 

	 	Title:
	 	CEO	 	 

 

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