AMENDMENT NO. 1
TO
INDEMNITY AGREEMENT
This AMENDMENT NO. 1 TO INDEMNITY AGREEMENT is made as
of the 18th day of September, 1996, by and between ▇▇▇▇▇▇▇
Enterprises, Inc., a Louisiana corporation (the
"Corporation"), and ____________________ ("Indemnitee").
WITNESSETH:
WHEREAS, the Corporation has entered into Indemnity
Agreements (the "Existing Agreements") with certain
directors and officers, including Indemnitee; and
WHEREAS, the Corporation is currently entering into
Indemnity Agreements (the "1996 Agreements") with directors
and an executive officer who joined the Corporation after
the time of the execution of the Existing Agreements, and
the Corporation desires to provide directors and officers
who are parties to the Existing Agreements with the same
rights with respect to insurance as are being provided to
the directors and the officer who are parties to the 1996
Agreements.
NOW THEREFORE, the Corporation and Indemnitee agree as
follows:
The term "Insurance Policy" in Section 2(e) of the
Existing Agreements is hereby amended so that it reads in
its entirety as follows:
The term "Insurance Policy"
shall mean the Directors and
Officers Liability Policy that
the Corporation has obtained
from CNA, and the Excess
Directors and Officers
Liability Policies that the
Corporation has obtained from
Reliance Insurance Co., Old
Republic and Gulf Insurance
Company, on behalf of its
directors and officers for the
policy period commencing
September 27, 1995 and ending
September 27, 1996.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and signed as of the date
indicated above.
▇▇▇▇▇▇▇ ENTERPRISES, INC.
By:_________________________
Name:_______________________
Title:______________________
INDEMNITEE:
Name:_______________________