Vivakor, Inc. Share Certificate Indemnification Letter to Barclay Lyons, LLC
Vivakor, Inc. confirms that 5,000,000 shares of its common stock issued to Barclay Lyons, LLC are valid, fully paid, non-assessable, and free of restrictions or encumbrances. The company agrees not to cancel or encumber these shares and indemnifies Barclay Lyons, LLC and any associated brokerage or clearing firms against any claims related to the shares. This letter serves as assurance of the shares' status and the company's commitment to protect Barclay Lyons, LLC's interests regarding these shares.
Exhibit 10.6
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 Barclay Lyons, LLC ("Barclay") 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 Barclay and any brokerage and/or clearing firm working with Barclay 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
