INDEMNIFICATION AND CONTRIBUTION AGREEMENTIndemnification and Contribution Agreement • October 14th, 2011 • Deep Down, Inc. • Oil & gas field machinery & equipment • New York
This Indemnification and Contribution Agreement (this “Agreement”), dated as of October 7, 2011, is made by and among York Special Opportunities Fund, L.P., a Delaware limited partnership (“YSOF”), Flotation Investor, LLC, a Delaware limited liability company (“FI”), Deep Down, Inc., a corporation existing under the laws of Nevada (“DPDW” and, together with FI, the “Contributors”) and Cuming Flotation Technologies, LLC, a Delaware limited liability company (“CFT”). All capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Purchase Agreement (as defined below).
