INDEMNIFICATION AGREEMENTIndemnification Agreement • August 4th, 2011 • Greenman Technologies Inc • Plastics products, nec • Iowa
WHEREAS, the Company’s wholly-owned Green Tech Products, Inc. subsidiary (“Green Tech Products”) has entered into an Asset Purchase Agreement dated as of June 13, 2011 (the “Purchase Agreement”), pursuant to which Green Tech Products shall sell, and Irish Knight Holdings, L.L.C., a limited liability company owned in part by the Indemnitee (the “Purchaser”), shall purchase, substantially all of the assets of Green Tech Products’ molded rubber products business (the “Business”);
