Common use of Exemption and Compensation Clause in Contracts

Exemption and Compensation. 4.1 The Parties acknowledge that the Company shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third party due to exercise of Entrusted Rights. 4.2 The Shareholder and SH Quanshi agree to compensate the Company for and hold it harmless against all losses incurred or likely to be incurred by it due to exercise of the Entrusted Rights, including without limitation any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative investigation or penalty of governmental authorities. However, the Shareholder and SH Quanshi will not compensate for losses incurred due to wilful misconduct or gross negligence of the Company.

Exemption and Compensation. 4.1 The Parties acknowledge that the Company shall not be requested to be liable for or compensate (monetary or otherwise) other Parties or any third party due to exercise of Entrusted Rights. 4.2 The Shareholder and SH Quanshi Huxin agree to compensate the Company for and hold it harmless against all losses incurred or likely to be incurred by it due to exercise of the Entrusted Rights, including without limitation any loss resulting from any litigation, demand arbitration or claim initiated or raised by any third party against it or from administrative investigation or penalty of governmental authorities. However, the Shareholder and SH Quanshi Huxin will not compensate for losses incurred due to wilful misconduct or gross negligence of the Company.