Prohibited Indemnification. No indemnification pursuant to this Agreement shall be paid by the Corporation on account of any Proceeding in which judgment is rendered against Indemnified Party for an accounting of profits made from the purchase or sale by Indemnified Party of securities of the Corporation pursuant to the provisions of Section 16(b) of the Exchange Act, or similar provisions of any federal, state, or local laws or for which payment is prohibited by law.
Appears in 5 contracts
Samples: Indemnification Agreement (Bloomios, Inc.), Indemnification Agreement (Bloomios, Inc.), Indemnification Agreement (Bloomios, Inc.)
