September 29, 2016 Evans Brewing Company Inc.
Exhibit 10.1
September 29, 2016
Xxxxx Brewing Company Inc.
0000 X. Xxxx Xxxxxx
Xxxxx Xxx, XX 00000
Re: | Indemnification Agreement for Closing Date Liabilities |
Gentlemen:
Reference is made to that certain Stock Purchase Agreement dated December 10, 2015 by and among Xxxxx Brewing Company Inc., a Delaware Corporation (the “Company”), EBC Public House Inc., a California corporation (“Public House”) and Xxxxxxx Xxxxxxx, as Seller (the “Agreement”). Capitalized terms not otherwise defined herein shall have the same meaning prescribed to them in the Agreement.
This letter confirms our agreement that, for a period beginning on the Closing Date and ending on the first anniversary of the Closing Date, I agree to defend, indemnify and hold harmless the Public House, the Company, and their respective employees, representatives, officers, directors, shareholders and agents from and against any costs, damages, liabilities, losses, lawsuits and expenses (including, without limitation, any interest, penalties, and reasonable attorneys’ fees) which may be sustained or suffered by the Company or the Public House by reason of any claim, action or proceeding based upon or involving an action, occurrence or omission of the Public House on or before the Closing Date.
This letter further confirms that the Closing (as defined in the Agreement) shall take place effective as of September 29, 2016.
This letter shall be governed in all respects by the internal laws of the State of California as applied to agreements entered into among California residents to be performed entirely within California, without regard to principles of conflicts of law. This letter may be executed in any number of counterparts (which may be delivered by facsimile, pdf file or other electronic transmission), each of which shall be enforceable against the parties that execute such counterparts, and all of which together shall constitute one instrument.
Very truly yours, | |
/s/ Xxxxxxx X. Xxxxxxx | |
Xxxxxxx X. Xxxxxxx |
Acknowledged and agreed to:
XXXXX BREWING COMPANY INC.
By: | /s/ Xxxxxxx Xxxxxxxx | |
Xxxxxxx Xxxxxxxx, Chief Financial Officer | ||
Date: September 29, 2016 |