SEC Contract Filing

Filing Date: 2021-11-19

Document Content:
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<TYPE>EX-10.31
<SEQUENCE>50
<FILENAME>ex10-31.htm
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.31</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AMENDED
AND RESTATED</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BACKSTOP
INDEMNITY AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AMENDED
AND RESTATED BACKSTOP INDEMNITY AGREEMENT</B>, made and entered into on this 26<SUP>th</SUP> day of February, 2020 (the <B>&ldquo;<U>Agreement</U>&rdquo;</B>),
among (a) Allied Integral United, Inc., a Delaware corporation having an address at 8800 Village Drive, Suite 201, San Antonio, Texas
78217(the &ldquo;<B><U>Corporation</U></B>&rdquo;); and each of Steve Person, an individual that is a domicile in the State of Texas
(&ldquo;<B><U>Person</U></B>&rdquo;), and James Walesa, an individual that is a domicile in the State of Texas (&ldquo;<B><U>Walesa</U></B>&rdquo;),
and BJ Parris, an individual that is a domicile in the State of Texas (&ldquo;<B><U>Parrish</U></B>&rdquo; and, together with Person
and Walesa, each a &ldquo;<B><U>Guarantor</U></B>&rdquo; and, collectively, the &ldquo;<B><U>Guarantors</U></B>&rdquo;). The Corporation
and the Guarantors are sometimes referred to herein, individually and generically, as a <B>&ldquo;<U>Party</U>&rdquo;</B> and collectively,
as the <B>&ldquo;<U>Parties</U>&rdquo;</B>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none"><B>WITNESSETH:</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Corporation entered into a Backstop Indemnity Agreement dated as of December 31, 2018 with Steve Person and James Walesa which provided,
inter alia, for the Corporation to indemnify such individuals for all liabilities and payment obligations that are incurred by such persons
under guarantees or indemnification or co-borrower obligations;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Corporation desires to ratify and confirm such agreement and extend such indemnity obligation to Parrish;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Guarantors have guaranteed certain obligations of subsidiaries of the Corporation the and may in the future guarantee the obligations
of the Corporation or its subsidiaries, pursuant to the agreements that provide for a Guarantor to act as a payment Guarantor, an indemnitor,
a co-borrower (collectively, the &ldquo;<B><U>Guaranteed Obligations</U></B>&rdquo;);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
each of the Guarantors agreed to provide their personal guaranty or obligation of the Guaranteed Obligations for the benefit of the Corporation
or one of its subsidiaries (each, the &ldquo;<B><U>Primary Obligor</U></B>&rdquo;) that had the primary obligation with respect to the
Guaranteed Obligations;</FONT></P>

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