INDEMNIFICATION AGREEMENT
This INDEMNIFICATION AGREEMENT, dated as of the 10th day of October, 2000 (the
"Agreement") Is by and among Beryllium International, Corp. a Utah corporation
(the "Indemnifier"); and Xxxxxx X. Xxxx its' former Vice President, Treasurer
and Director hereinafter referred to as (the "Indemnitee").
WITNESSETH:
WHEREAS, Indemnitee has executed his Resignation as a Director and from all
Offices of Beryllium International, Corp. affective as of October 10, 2000.
WHEREAS, Indemnifier wishes to Indemnify and Hold-Harmless the Indemnitee.
NOW, THEREFORE, the parties hereto agree as follows:
1. The Indemnifier agrees to Indemnify and Hold Harmless the Indemnitee
from and against any and all damages, losses, obligations, liabilities, claims,
encumbrances, penalties, costs and expenses, including reasonable attorney's
foes, which the Indemnities may suffer or incur, resulting from:
/s/ GMP
(a) Having been an Officer or Director of the Indemnifier.
(b) Misrepresentations breach of warranty or nonfulfillment of any of the
covenants or agreements of the Indemnifier or its engaged Consultants acting
with or without specific instructions or authority of the Indemnifier.
(c) Any and all actions, suits, investigations, proceedings, demands,
assessments, audits, judgments, and claims arising out of the foregoing.
2. This Agreement shall for all purposes be deemed to be made under and
shall be construed in accordance with the laws of the State of Utah.
3. This Agreement contains the entire agreement of the parties hereto with
respect to the subject matter hereof and, except as expressly provided herein,
may not be changed or modified except by an instrument in writing signed by
the party to be charged.
4. This Agreement shall be binding upon and inure to the benefit of the
respective parties hereto and their legal representatives, successors and
assigns.
Exhibit 99.7 - Pg. 1
IN WITNESS WHEREOF, the parties have executed this Agreement as of the 13th
day of October, 2000
INDEMNIFIER:
Beryllium International, Corp
By: ___/s/Xxxxxxx X. Dwyer______
Xxxxxxx X. Xxxxx
Its: PRESIDENT
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INDEMNITEE:
Xxxxxx X. Xxxxx
10/12/00
Signed: __/s/Xxxxxx X. Parks____
Xxxxxx X. Xxxxx
Exhibit 99.7 - Pg. 2
