DISCLAIMER AND INDEMNITY. 4.1 The Parties acknowledge that under no circumstances shall the WFOE be held liable to the other Parties or any third party or to provide any indemnity, economic or otherwise, for the exercise of the Proxy Rights hereunder by the individual(s) designated by it. 4.2 The Shareholders and the Company agree to indemnify and hold the WFOE harmless against any and all losses suffered or likely to be suffered by it as a result of the exercise of the Proxy Rights by the Proxy designated by the WFOE, including, without limitation, any losses arising from any lawsuit, recourse, arbitration or claims brought by any third party against it or of any administrative investigation or sanction of any governmental authorities, provided that such losses are not caused by the willful misconduct or gross negligence of the Proxy.
Appears in 7 contracts
Samples: Shareholder Voting Proxy Agreement (Huami Corp), Shareholder Voting Proxy Agreement (Huami Corp), Shareholder Voting Proxy Agreement (YX Asset Recovery LTD)
