Vivakor, Inc. Share Certificate Indemnification Letter to War Chest Capital Multi-Strategy Fund, LLC
Vivakor, Inc. confirms that it has issued 5,000,000 shares of common stock to War Chest Capital Multi-Strategy Fund, LLC. The shares are fully paid, non-assessable, free trading, and have no restrictions or encumbrances. Vivakor agrees not to cancel or encumber these shares and indemnifies War Chest and its brokers against any claims related to the shares. This letter serves as assurance of the shares' validity and freedom from claims.
Exhibit 10.5
VIVAKOR, INC.
8 Technology #165
Irvine, CA 92618
November 9 2010
To Whom It May Concern:
SHARE CERTIFICATES
Please be advised that the shares registered in the name of War Chest Capital Multi-Strategy Fund, LLC ("War Chest") for Five Million (5,000,000) shares of common stock ("Stock") of Vivakor, Inc., (the "Company"), are validly issued, free trading, fully-paid, non-assessable with no restrictions. The Stock is issued based for $4,629.63 on a per share price of $0.0009259 which equals Five Million (5,000,000) shares. It is understood that neither the Company, nor the transfer agent, will take any action to cancel or encumber the Stock or the share certificate representing the Stock. The Company hereby indemnifies and holds harmless War Chest and any brokerage and/or clearing firm working with War Chest against any all claims with respect to the Stock and any reliance on the preceding sentence. These shares are free and clear of any encumbrances.
Very Truly Yours,
Vivakor, Inc.
By: /s/ MATT NICOSIA
Matt Nicosia
Chief Executive Officer
