Adapti Inc (ADTI)

[packerfanbud]

I know you don't really want to read and do research, so I'll bring it right up to the top for you. Yes, these companies are related and part of the deal.

At Closing, BUYER shall: 1) Release SELLER and Petroleum Capital, L.C. (“Operator”) (both SELLER and Petroleum Capital, L.C. shall be collectively referred to as “Manager”) from any and all future claims, demands, or lawsuits filed against Manager; 2) Defend, indemnify and hold Manager harmless from any and all claims which have been or could be asserted against Manager in any way related to any operations of Manager in Section 22, Township 14S, Range 13W, Cameron Parish, LA.


The definitive agreement will contain the customary representations, warranties and covenants by SELLER concerning title to PROPERTIES, existence of liabilities or contingent liabilities, requirements for various opinions of counsel and other matters required by BUYER and its counsel and reasonably agreeable to SELLER.


The SELLER and the operator of record of the Premises, Petroleum Capital, L.C., will provide any necessary releases and approvals required under all loan agreements, security agreements, financing statements, indentures or other debt documents of SELLER; approval by any necessary governmental authorities; and receipt of all necessary third party consents. Any and all expenses directly incurred by BUYER and SELLER in connection with the sale of PROPERTIES hereunder shall be borne by each party respectively.

http://sec.gov/Archives/edgar/data/1420924/000109635010000096/brazosloiex996.htm