EX-10.7
from 10KSB
1 page
Indemnification Agreement This Indemnification Agreement Is Entered Into This 17th Day of March, 1997, by and Between Lyric Energy, Inc., a Colorado Corporation ("Lyric") and Stahl Petroleum Company, a Texas Corporation ("Spc"). for Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties Hereby Agree as Follows: 1. Spc Shall Indemnify and Hold Lyric Harmless From, Against and in Respect to (And Shall on Demand Reimburse Lyric For) Any and All Damages, Losses, Obligations, Liabilities, Claims, Encumbrances, Liens, Deficiencies, Costs and Expenses (Including, Without Limitation, Reasonable Attorneys' Fees and Other Costs and Expenses Incident to Any Suit, Action, Investigation, Claim or Proceeding) Suffered, Sustained, Incurred or Required to Be Paid by Lyric Arising From or in Any Way Relating to the Civil Action Entitled Crouch Enterprises, Inc. vs. G.E. Stahl, Et Al., Case No.78,460-A, in the 47th District Court of Potter County, Texas and Any and All Collateral or Subsequent Suits, Actions, Claims or Proceedings Relating to the Subject Matter of Such Civil Action. 2. Lyric Shall Promptly Notify Spc in Writing of Any Claim Which Is Subject to the Indemnification Set Forth in the Foregoing Paragraph. 3. Spc Shall Be Required to Control the Defense of Any Such Claims and All Related Settlement Negotiations and Lyric Agrees to Fully Cooperate With Spc Therein. 4. This Indemnification Agreement Shall Be Effective Upon the Conversion of the Restated Convertible Promissory Note of Lyric Dated as of February 4, 1997 and Shall Be of No Force or Effect Unless and Until Such Conversion Occurs. in Witness Whereof, the Parties Have Executed This Indemnification Agreement as of the Date First Above Written. Stahl Petroleum Lyric Energy, Inc., a Colorado Corporation, a Texas Corporation Corporation By: /S/ G.E. Stahl By: /S/ G.E. Stahl G.E. Stahl, President G.E. Stahl, President
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EX-10.6
from 10KSB
1 page
Agreement This Agreement Is Made Effective as of the 3rd Day of March 1997, by and Between Lyric Energy, Inc., a Colorado Corporation, Authorized to Do Business in Texas, Whose Address Is 1013 West 8th Avenue, Amarillo, Texas 79101; and Amarillo National Bank, a National Banking Corporation, Whose Address Is Plaza I, 500 S. Taylor, Amarillo, Texas 79101. in Consideration of the Mutual Premises Contained Herein the Parties Do Hereby Agree as Follows: 1. Effective the 31st Day of July 1991, Lyric and Amarillo National Bank Entered Into a Compromise and Settlement Agreement. 2. Section 10.b of Such Agreement Provides That the Number of Shares of Lyric Energy, Inc. Common Stock That Amarillo National Bank Would Be Entitled to Maintain Would Represent 8.9976% of All Issued and Outstanding Shares of Common Stock in the Event Lyric Issued Any Additional Shares Subsequent to July 31, 1991. Lyric Has Issued Additional Shares Since July 31, 1991 to Other Than the Amarillo National Bank and Has Issued Sufficient Additional Shares to the Amarillo National Bank to Maintain the Bank's Stock Holdings at 8.9976% of the Total of All Issued and Outstanding Shares. It Is the Desire of the Parties to Terminate the Agreement That Maintains Amarillo National Bank's Percentage of Ownership of Lyric Common Stock. as a Consequence, Effective the Date First Written Above, Section 10.b Is Terminated and of No Further Force and Effect. in Witness Whereof the Parties Have Executed This Agreement. Lyric Energy, Inc. by /S/ G.E. Stahl G.E. Stahl, President Amarillo National Bank by /S/ R. Wesley Savage R. Wesley Savage, Executive Vice President
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EX-10.4
from 10KSB
1 page
Release of Judgment State of Texas ) ) Know All Men by These Presents: County of Potter ) Whereas, on the 16th Day of June 1993 in the United States District Court for the Northern District of Texas, Amarillo Division, in a Cause Styled "Natural Gas Pipeline Company of American vs. Lyric Energy, Et Al.," Civil Action No. Ca-2-89-0168, Plaintiff, Natural Gas Pipeline of America, Recovered a Judgment Against Defendant, Lyric Energy, Inc., Together With Costs of Suit and Post Judgment Interest Based Upon 28 Usc, 1961; and Whereas, Such Judgment Was Assigned by Natural Gas Pipeline Company of America to Dynamic Investing, Inc., a Delaware Corporation; and Whereas, Such Judgment Against Defendant, Lyric Energy, Inc., Has Been Compromised and Settled With Dynamic Investing, Inc., the Party Entitled to Payment Thereof. Now, Therefore, the Undersigned Hereby Acknowledges the Satisfaction of Such Judgment Against Lyric Energy, Inc., and Its Successors and Assigns From (I) All Liabilities and Obligations Arising From and in Connection With Such Judgment and (II) All Liens Existing by Reason of Such Judgment Upon Any Property of Defendant, Lyric Energy, Inc., Whatsoever. Witness My Hand This 31st Day of December, 1996. Dynamic Investing, Inc., a Delaware Corporation By: /S/ G.E. Stahl G.E. Stahl, President This Instrument Was Acknowledged Before Me on the 31st Day of December, 1996, by G.E. Stahl, President of Dynamic Investing, Inc., a Delaware Corporation, on Behalf of Said Corporation. /S/ Kathy Plautz Notary Public, State of Texas My Commission Expires: 3/21/2000
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