INDEMNIFICATION AGREEMENT dated as of __________________________, 2011 between Apco Oil and Gas International Inc. (the “Company”), and _______________________________ (“Indemnitee”)Indemnification Agreement • May 6th, 2011 • Apco Oil & Gas International Inc • Crude petroleum & natural gas • Delaware
WHEREAS, the Board of Directors has determined that the inability to attract and retain qualified persons as directors is detrimental to the best interests of the Company’s shareholders and that the Company should act to assure such persons that there will be adequate certainty of protection through insurance and indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the Company; and
