INDEMNIFICATION AGREEMENTIndemnification Agreement • October 17th, 2006 • Brownshire Holdings, Inc. • Nevada
This Indemnification Agreement (“Agreement”) is made and entered into as of December 5, 2002 (the “Effective Date”), by Brownshire Holdings, Inc., a Nevada corporation (the “Company”) and Steven A. Rothstein (the “Indemnitee”).
100,000.00 February 28, 2005Brownshire Holdings, Inc. • October 17th, 2006 • Illinois
FOR VALUE RECEIVED, Brownshire Holdings, Inc., a Nevada corporation (the “Borrower”), hereby promises to pay to the order of GDSC Acquisitions, LLC or its successors or assigns (“Lender”), at the office of Lender located at 660 LaSalle Place, Suite 200, Highland Park, Illinois 60035, the principal amount of $100,000.00, or such lesser principal amount as shall be outstanding from time to time under this note (“Note”), as reflected in the books and records of Lender, together with interest on the principal balance from time to time outstanding hereunder from (and including) the date of disbursement until (but not including) the date of payment, at a per annum rate equal to the “Stated Interest Rate” specified below or, to the extent applicable, the “Default Interest Rate” specified below, in accordance with the following terms and conditions:
