Common use of Exemption and Indemnification Clause in Contracts

Exemption and Indemnification. 4.1 The Parties acknowledge that the Sole Corporation shall not be required to be liable for any responsibility to other parties or any third party or compensate in economic or other aspect due to the exercise of Delegated Right by Assignee under this Agreement. 4.2 The Shareholders and the Company agree to indemnify in full and hold harmless the Sole Corporation for any loss incurred or likely to incur by appointing the Assignee to exercise the Delegated Right, including but not limited to any loss caused by lawsuit, recovery, arbitration, claim bring by any third party against it or administrative investigation, punishment made by government departments, unless such loss is resulting from wilful misconduct or gross negligence of the Assignee.

Exemption and Indemnification. 4.1 The Parties acknowledge that the Sole Corporation shall not be required to be liable for any responsibility to other parties or any third party party, or compensate in economic them, economically or other aspect due to otherwise, as a result of the exercise of Delegated Right by Assignee under this Agreement. 4.2 The Shareholders and the Company agree to indemnify in full and hold harmless ensure the Sole Corporation for suffers no harm from any loss incurred or likely to incur by appointing the Assignee to exercise the Delegated Right, including but not limited to any loss caused by lawsuitlawsuits, recoveryrequests for compensation, arbitration, claim bring or claims brought by any third party against it or it, as well as any administrative investigation, punishment made investigation and punishments given by government departments, unless such loss is resulting from wilful misconduct or gross negligence of the Assignee.