Exhibit 10.0
ASSUMPTION OF LIABILITY, INDEMNIFICATION
AND HOLD HARMLESS AGREEMENT
This Indemnification and Hold Harmless Agreement (hereinafter "Agreement")
is by and between Xxxx Xxxxxx (hereinafter "Xxxxxx") and Waste Conversion
Systems, Inc., including each of its officers, directors, employees, agents,
servants, attorneys, accountants, subsidiaries, parents, predecessors and
successors (hereinafter "Waste") and is dated as of October 12, 2001.
WHEREAS, Xxxxxx and Waste have each been made a defendant in that certain
action entitled XXXXX XXXXXXXXX v. XXXX XXXXXX, individually; WASTE CONVERSION
SYSTEMS, INC., a Nevada corporation (Colorado District Court City and County of
Denver Case No. [not yet assigned]) (hereinafter "the Litigation"); and,
WHEREAS, Xxxxxx and Waste each believe that the Litigation is frivolous and
is subject to numerous valid defenses; and,
WHEREAS, Xxxxxx desires to control the Litigation and may have separate
counterclaims against the Plaintiff in the Litigation;
NOW, THEREFORE, upon payment of agreed $20,000 consulting fee to Xxxxxx,
Xxxxxx and Waste agree as follows:
1. Xxxxxx shall be entitled to control the Litigation.
2. Xxxxxx shall and hereby does assume any and all liability that could,
may or does attach to Waste in, as a result of, or in any way related
to the Litigation and shall and hereby does agree to promptly pay any
and all damages or other sums, including without limitation any and
all sums for costs, expenses, attorneys' fees, expert fees, and travel
costs involved in, as a result of, or in any way related to the
Litigation.
3. Xxxxxx shall and hereby does agree to indemnify and hold Waste
harmless from any and all claims and/or causes of action in, arising
from, as a result of, and/or is in any way related to the Litigation.
BY THEIR SIGNATURE BELOW, EACH PARTY HERETO ACKNOWLEDGES THAT THIS
AGREEMENT AFFECTS HIS/ITS LEGAL RIGHTS, HAS READ THIS AGREEMENT, AND HAS HAD AN
OPPORTUNITY TO DISCUSS THIS AGREEMENT WITH AN ATTORNEY.
Dated: 10/30/01 /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Dated: 10/31/01 WASTE CONVERSION SYSTEMS, INC.
/s/ Xxxxxx Xxxxx
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By: Xxxxxx Xxxxx
Its: Secretary
