SEC Contract Filing

Filing Date: 2019-12-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exhibit101.htm
<DESCRIPTION>EXHIBIT 10.1 (FORM OF INDEMNIFICATION AGREEMENT)
<TEXT>
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 <div style="text-align: right;"><font style="font-weight: normal;">Exhibit 10.1</font><br>
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 <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">INDEMNIFICATION AGREEMENT</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">This Indemnification Agreement (this &#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221;), dated the 8th day of December, 2019, is by and between Celadon
 Group, Inc., a Delaware corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Corporation</font>&#8221;), and ___________, an individual (&#8220;<font style="font-weight: bold; font-style: italic;">Indemnitee</font>&#8221;).</div>
 <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">RECITALS</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Competent and experienced persons are reluctant to serve or to continue to serve as directors, managers and/or officers of legal entities or in other capacities
 unless they are provided with adequate protection through insurance or indemnification (or both) against claims and actions against them arising out of their service to and activities on behalf of the entity.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The current uncertainties relating to the availability of adequate insurance have increased the difficulty for companies of attracting and retaining competent and
 experienced persons to serve in such capacity.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Board of Directors of the Corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Board of Directors</font>&#8221;) has determined that enhancing the
 ability of the Corporation to retain and attract as directors and/or officers the most capable persons is in the best interests of the Corporation, and that the Corporation therefore should seek to assure such persons that indemnification and
 insurance coverage is available, at its own expense, on an ongoing basis.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">D.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As a supplement to and in the furtherance of the Corporation&#8217;s Amended and Restated Certificate of Incorporation (as may be amended or restated from time to time, the
 &#8220;<font style="font-weight: bold; font-style: italic;">Certificate of Incorporation</font>&#8221;), the Corporation&#8217;s Amended and Restated By-laws (as may be amended or restated from time to time, the &#8220;<font style="font-weight: bold; font-style: italic;">Bylaws</font>&#8221;),

 and the organizational documents of any direct or indirect subsidiary or parent of the Corporation (such organizational documents, together with the Certificate of Incorporation and the Bylaws, the &#8220;<font style="font-weight: bold; font-style: italic;">Constituent Documents</font>&#8221;), it is reasonable, prudent, desirable and necessary for the Corporation contractually to obligate itself to indemnify, and to pay in advance expenses and losses on behalf of, directors and officers to the
 fullest extent permitted by law so that they will serve or continue to serve the Corporation free from concern that they will not be so indemnified and that their expenses will not be so paid in advance.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">E.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This Agreement is not a substitute for, nor does it diminish or abrogate any rights of Indemnitee under, the Constituent Documents or any resolutions adopted pursuant
 thereto (including any contractual rights of Indemnitee that may exist under any other agreement, as a matter of law or otherwise, both as to actions in the Indemnitee&#8217;s capacity as an Indemnitee, and as to actions in any other capacity). In the
 event of conflict of any provision(s) of any Constituent Document and this Agreement, the provision(s) of the Constituent Document and this Agreement shall be interpreted together in the manner that is most favorable to the Indemnitee.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">F.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Indemnitee is or will be a director and/or officer of the Corporation, one of its direct or indirect subsidiaries, or a parent of the Corporation and his or her
 willingness to serve or continue to serve in such capacity is predicated, in substantial part, upon the Corporation&#8217;s willingness to indemnify him or her to the fullest extent permitted by the laws of the State of Delaware and upon the other
 undertakings set forth in this Agreement.</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">G.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Indemnitee may have certain rights to indemnification and/or insurance provided by the Other Indemnitors (as defined below), which Indemnitee and the Other
 Indemn