Common use of Standard of Liability and Indemnity Clause in Contracts

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR and performing services for Customer within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 811. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 11 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 11 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 811, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 11 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 1 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 810. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 10 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 10 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 810, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 10 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) stockholder, directors, officers, employees, and its or their respective successors or assigns shall not be liable to the Customer, the General Partner or the Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conductexcept by reason of acts, or activity undertaken by omissions due to, bad faith, misconduct, or on behalf of the Customer pursuant to this Agreement which DWR determinesnegligence, or for not having acted in good faithfaith in the reasonable belief that such acts or omissions were in, to be in or not opposed to, the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligencereason of any material breach of this Agreement. The Customer shall indemnify, defend indemnify and hold harmless DWR and its affiliates stockholder, directors, officers, employees, and its or their respective successors or assigns from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, omission or conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that a court of competent jurisdiction upon entry of final judgment shall find (ior, if no final judgment is entered, an opinion is rendered to the Customer by independent counsel who shall be other than counsel to the Customer, the General Partner or DWR) DWR has determined, in good to the effect that the conduct that was the basis for such liability was not the result of bad faith, that the act, omission, conductmisconduct, or activity giving rise to the claim for indemnification negligence, and was done in a good faith belief that it was in, or not opposed to, the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person DWR shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demandNew York Uniform Limited Partnership Act, claim, lawsuit, or legal action relates to as amended and in effect on the performance date of duties or services by such persons to the formation of the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend indemnify and hold harmless the Customer Customer, the General Partner and the Limited Partners, and its or their respective successors or assigns from and against any lossesloss, liabilitiesliability, damagesdamage, costscost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or expenses (including in connection with the defense lawsuits) actually and reasonably incurred arising from any act, omission or settlement of claims; provided conduct undertaken by DWR has approved such settlement) incurred as a result on behalf of the activities Customer pursuant to this Agreement, provided that a court of DWR competent jurisdiction upon entry of final judgment shall find (or, if no final judgment is entered, by an opinion rendered to the Customer by independent counsel who shall be other than counsel to the Customer, the General Partner or its affiliates, provided, further, DWR) to the effect that the act, omission, conduct, or activity giving rise to conduct that was the claim basis for indemnification such liability was the result of bad faith, misconduct misconduct, or negligence, or was not done in a good faith belief that it was in, or not opposed to, the best interests of the Customer, or was by reason of any material breach of this Agreement by DWR. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates stockholder, directors, officers, employees, and its or their respective successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses liability arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR to the Customer Customer, the General Partner and the Limited Partners, and any of its or their respective successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses liability arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreementevent.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such except that DWR shall be liable to the Customer, the General Partner, the Limited Partners, and its or their successors and assigns for, and shall indemnify and defend them and hold them harmless from and against, any loss, liability, damage, cost, and expense (including attorneys' and accountants' fees) to which any of them may become subject arising out of, or based upon, an act, omission, conduct, or activity by DWR or its affiliates in respect of the Customer which shall be found by a court of competent jurisdiction upon entry of a final judgment (or, if no final judgment shall be entered, by a written opinion rendered to the Customer by independent legal counsel, who shall be other than counsel to the Customer, DWR or any affiliate thereof) to have constituted misconduct bad faith, misconduct, or negligencenegligence and such act, omission, activity, or conduct was not done in good faith and in the reasonable belief that it was in the best interests of the Customer. The Customer shall indemnify, defend defend, and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct actions or activity omissions concerning the business or activities undertaken by DWR or on behalf of the Customer pursuant to this AgreementCustomer, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i1) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii2) a court of competent jurisdiction upon entry of a final judgment shall find (or, if no final judgment is entered, an opinion is rendered to the Customer by independent legal counsel, who shall be other than counsel to the Customer, DWR or any affiliate thereof) to the effect that the act, omission, conductactivity, or activity conduct that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct bad faith, misconduct, or negligencenegligence and was done in good faith and in the reasonable belief that it was in the best interests of the Customer. Notwithstanding anything to the contrary contained in the foregoing, neither no indemnification of DWR nor any of or its affiliates shall be indemnified by the Customer shall be permitted for any losses, liabilities, or expenses arising losses resulting from or out of an alleged liability incurred for violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits laws. DWR and such affiliates shall be indemnified for settlements and related expenses of each count involving alleged lawsuits alleging securities law violations as to the particular indemniteeviolations, or (b) and for expenses incurred in successfully defending such claims have been dismissed with prejudice on the merits by lawsuits, provided that a court of competent jurisdiction as to either (1) approves the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, or (2) approves indemnification of litigation costs if a successful defense is made; provided, with regard to however, that DWR or such court approvalaffiliate, as the indemnitee case may be, must apprise the court of the position of the SECSEC (and, and as long as any Limited Partner is a resident of Massachusetts or Tennessee, the positions of the respective securities administrators of Massachusettssuch states), Missouriand, Tennessee and/or those where violations of the securities laws or rules of any state or other states and jurisdictions in which jurisdiction have been alleged, the plaintiffs claim they were offered position (if any) of the securities administrator of each such state or sold Unitsother jurisdiction whose laws or rules have allegedly been violated, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, or this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action lawsuit relates to the performance of duties or services by such persons to the Customer; (ii2) such demand, claim, lawsuit, or legal action lawsuit is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, repaid if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided PROVIDED that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, providedPROVIDED, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided PROVIDED DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, providedPROVIDED, furtherFURTHER, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR and performing services for Customer within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR CFI and its affiliates (as defined below) stockholder, directors, officers, employees, and its or their respective successors or assigns shall not be liable to the Customer, the General Partner or Limited Partnersits partners, or any of its or their respective successors or assigns, for any act, omission, conductexcept by reason of acts, or activity undertaken by omissions due to, bad faith, misconduct, or on behalf of the Customer pursuant to this Agreement which DWR determinesnegligence, or for not having acted in good faithfaith in the reasonable belief that such acts or omissions were in, to be in or not opposed to, the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligencereason of any material breach of this Agreement by CFI. The Customer shall indemnify, defend indemnify and hold harmless DWR CFI and its affiliates stockholder, directors, officers, employees, and its or their respective successors or assigns from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, omission or conduct or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that a court of competent jurisdiction upon entry of final judgment shall find (ior, if no final judgment is entered, an opinion is rendered to the Customer by independent counsel who shall be other than counsel to the Customer or CFI) DWR has determined, in good to the effect that the conduct that was the basis for such liability was not the result of bad faith, misconduct, or negligence, and was done in a good faith belief that it was in, or not opposed to, the best interests of the Customer. CFI shall indemnify and hold harmless the Customer, its partners, and its or their respective successors or assigns from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission or conduct undertaken by CFI on behalf of the Customer pursuant to this Agreement, provided that a court of competent jurisdiction upon entry of final judgment shall find (or, if no final judgment is entered, by an opinion rendered to the Customer by independent counsel who shall be other than counsel to the Customer or CFI) to the effect that the actconduct that was the basis for such liability was the result of bad faith, omission, conductmisconduct, or activity giving rise to the claim for indemnification negligence, or was not done in a good faith belief that it was in, or not opposed to, the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result by reason of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any material breach of its affiliates shall be indemnified this Agreement by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligenceCFI. The indemnities provided in this Section 8 11 by the Customer to DWR CFI and its affiliates stockholder, directors, officers, employees, and its or their respective successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses liability arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 11 by DWR CFI to the Customer Customer, its partners, and any of its or their respective successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses liability arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreementevent.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided PROVIDED that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, providedPROVIDED, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 811. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR PROVIDED CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, providedPROVIDED, furtherFURTHER, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 11 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 11 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 811, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 11 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Partner, the Limited PartnersPartner, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a the Limited Partner (or a limited partner of the Limited Partner) (or assignee thereof), provided that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a the Limited Partner (or a limited partner of the Limited Partner) in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerCustomer or Limited Partner; (ii) such demand, claim, lawsuit, or legal action is not initiated by the Limited Partner (or a limited partner of the Limited Partner); and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided PROVIDED that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, providedPROVIDED, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided PROVIDED DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, providedPROVIDED, furtherFURTHER, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Limited PartnersPartner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement Partnership, which DWR the Trading Advisor determines, in good faith, faith to be in the best interests of the CustomerPartnership, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner limited partner of the Partnership (or assignee thereof), provided provided, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner limited partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result of any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliates, provided, further, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer officer, director, or director partner of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customercustomer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 1 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, Customer unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend defend, and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves approved a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 810. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 10 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 10 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 810, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 10 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 1 hereof, DWR the Broker and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or the Broker on behalf of the Customer pursuant to this Agreement Partnership which DWR the Broker determines, in good faith, to be in the best interests of the CustomerPartnership, unless such act, omission, conduct, or activity by DWR the Broker or its affiliates constituted misconduct or negligence. The Customer Partnership shall indemnify, defend and hold harmless DWR the Broker and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Broker on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner of the Partnership (or assignee thereof), ; provided that (i) DWR the Broker has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, conduct or activity that was the basis for such loss, liability, damage, cost, cost or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any no indemnification of the Broker or its affiliates by the Partnership shall be indemnified by the Customer permitted for any losses, liabilities, liabilities or expenses arising from or out of an alleged violation of federal or state securities laws unless (ai) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bii) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (ciii) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, SEC and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim that they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer Partnership to which DWR the Broker or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer Partnership shall make advances to DWR the Broker or its affiliates hereunder only if: (i) the demand, claim, lawsuit, lawsuit or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii) such demand, claim, lawsuit, lawsuit or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR The Broker shall indemnify, defend and hold harmless the Customer Partnership and its successors or assigns from and against any losses, liabilities, damages, costs, or costs and expenses (including in connection with the defense or settlement of claims; provided DWR the Broker has approved such settlement) incurred as a result of the activities of DWR the Broker or its affiliates, provided, further, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer Partnership to DWR the Broker and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, costs or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer Broker contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by the Broker to the Partnership and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Partnership contained in this Agreement to the extent caused by such event. As used in this Section 8, the term "affiliate" of DWR the Broker shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRthe Broker; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRthe Broker; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRthe Broker; or (iv) any officer or director of DWRthe Broker. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Broker and performing services for the Partnership within the scope of the authority of DWRthe Broker, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Limited PartnersPartner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conductconduct , or activity undertaken by or on behalf of the Customer pursuant to this Agreement Partnership, which DWR the Trading Advisor determines, in good faith, faith to be in the best interests of the CustomerPartnership, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner limited partner of the Partnership (or assignee thereof), provided PROVIDED, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner limited partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliatesaffiliates , provided, further, PROVIDED that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer , director, or director partner of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Partner, the Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determinesPartnership; provided, that, the Trading Advisor shall be liable for such act, omission, conduct or activity unless the Trading Advisor in good faithfaith determines such act, omission, conduct or activity to be in the best interests of the CustomerPartnership, unless and such act, omission, conduct, or activity by DWR or its affiliates constituted did not constitute misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner of the Partnership (or assignee thereof), provided PROVIDED, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, providedPROVIDED, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions position of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliates, provided, further, PROVIDED that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer or director of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject (a) In any action in which the Advisor was, is or is threatened to Section 2 hereofbe made a party, DWR and its affiliates alleging claims arising out of or in connection with the management of all or any portion of the Fund's assets (as defined below) shall not be liable to other than an action brought by or in the Customerright of the Fund), the General Partner or Limited PartnersFund shall indemnify and hold harmless the Advisor, or any subject to receipt of its or their respective successors or assigns, for any act, omission, a legal opinion of independent counsel regarding the applicable standard of conduct, or activity undertaken by or on behalf of against any loss, liability, damage, cost, expense (including, without limitation, attorneys' and accountants' fees and disbursements), judgments and amounts paid in settlement, if the Customer pursuant to this Agreement which DWR determines, Adviser acted in good faith, faith and in an manner it reasonably believed to be in or not opposed to the best interests of the CustomerFund, unless and if such actactions did not involve gross negligence, omissionwillful, wanton, or reckless misconduct, or a breach of fiduciary obligations to the Fund. In any action brought by or in the right of the Fund against the Adviser, subject to receipt of a legal opinion of independent counsel regarding the applicable standard of conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including including, without limitation, attorneys' and accountants' fees and expenses disbursements), judgments or amounts paid in settlement incurred in connection with the investigation, defense or settlement of such action, if the Advisor acted in good faith and in a manner it reasonably believed to be in or not opposed to the best interests of the Fund, and if such action did not involve negligence, misconduct, or breach of fiduciary obligations to the Fund (unless the court or administrative forum in which such action was brought shall determine that, in view of all circumstances of the case, the Advisor is nevertheless fairly and reasonably entitled to indemnification for such amounts as the court or administrative forum shall deem proper). To the extent that the indemnified party has been successful in the defense of any demandsaction, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken no legal opinion of independent counsel is needed. Expenses may be paid by DWR on behalf the Fund in advance of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determined, in good faith, that final disposition of such action if the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only agree to reimburse the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable Fund in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breachindemnification is not permitted hereunder. As used in this Section 8paragraph, the term "affiliateAdvisor" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of Advisor, its shareholders, directors, officers, employees and affiliates and each person who controls the authority of DWRAdvisor, as set forth in this Agreementthe case may be.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined belowand any directors, officers, employees and agents thereof) shall not be liable to the Customer, the General Partner or the Limited PartnersPartners except for acts or omissions resulting from bad faith, fraud, willful or wanton misconduct, gross negligence, or breach of fiduciary duty. DWR shall not be liable to the Customer the General Partner or any Limited Partner for mistakes of its judgment or their respective successors or assigns, for any act, omission, conduct, action or activity undertaken by inaction taken in good faith for a purpose which DWR reasonably believed to be in or on behalf not opposed to the bested interests of the Customer pursuant and within the scope of this Agreement, or for losses due to this Agreement which DWR determinessuch mistakes, in good faithaction or inaction or to the negligence, to be in the best interests dishonesty or bad faith or any employee or other agent of the Customer, unless provided that such actemployee or agent was selected, omission, conduct, engaged or activity retained by DWR with reasonable care. DWR may consult with counsel and accountants in respect of Customer affairs and shall be fully protected and justified with respect to any action or its affiliates constituted misconduct inaction which is taken in accordance with the advice or negligenceopinion of such counsel or accountants, provided that they shall have been selected with reasonable care. The Except to the extent provided in the following paragraph, DWR shall be entitled, to the full extent and in the manner permitted by applicable law, to indemnity from the Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damagejudgment, fine, amount paid in settlement (providing that the Customer approved the settlement), and reasonable attorneys' fees and any other cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuitscollectively "obligation") actually and reasonably incurred arising from by it in any act, omission, conduct actual or activity undertaken threatened action or proceeding to which it is or was made a party by DWR on behalf reason of the Customer its activities pursuant to this Agreement, includingexcluding actions or proceedings brought by or in the right of the Customer, without limitationif any such obligation resulted from a mistake of judgment on the part of DWR, any demands, claims or lawsuits initiated by a Limited Partner (from action or assignee thereof), provided that (i) DWR has determined, inaction taken in good faith, that the act, omission, conduct, faith for a purpose which DWR reasonably believed to be in or activity giving rise not opposed to the claim for indemnification was in the best interests of the CustomerCustomer and within the scope of this Agreement; provided, that such act or omission did not involve fraud, gross negligence, willful or wanton misconduct or a breach of fiduciary obligation, and (ii) provided further, that any indemnity under this Section shall be satisfied out of and to the actextent of the Customer's assets only and no Limited Partner shall have any personal liability on account thereof. DWR shall be entitled, omissionto the full extent and in the manner permitted by applicable law, conduct, or activity that was to indemnity from the basis for such Customer against any loss, liability, damagejudgment, costfine and reasonable attorneys' fees and any other cost or expense, other than amounts paid in settling or expense was not otherwise disposing of any threatened or pending action and the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approvalsettlement or disposition (collectively "obligation"), the indemnitee must apprise the court of the position of the SEC, actually and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, necessarily incurred by it in any actual or threatened action or proceeding brought by a Limited Partner or in the right of the Customer to which DWR it is or any affiliate thereof is was made a party defendantby reason of its activities pursuant to this Agreement, if any such person obligation resulted from action or inaction taken by DWR in good faith for a purpose which DWR reasonably believed to be in or not opposed to the best interests of the Customer and within the scope of this Agreement provided, that such act or omission did not involve negligence, misconduct, or a breach of fiduciary obligation, and provided further, however, that any indemnity under this Section shall be indemnified only satisfied out of and to the extent of the Customer's assets on and subject no Limited Partner shall have any personal liability on account thereof. Notwithstanding the foregoing, DWR shall not be entitled to any indemnification under this Section with respect to claims alleging violations of federal or state securities laws in connection with the conditions specified offer and sale of Units unless it is successful in the defense of the claim for which indemnification is sought or enters into an agreement to settle such claim but only if a court of competent jurisdiction approves (i) in the case of a settlement, the terms of the settlement and the payment of the costs of settlement and its expenses or (ii) in the case of a successful defense, the payment of its expenses. For the purpose of this Section 8. The Customer , the term "DWR" shall make advances include, in addition to DWR, a person controlling, controlled by or under common control with DWR and any director, officer or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance employee of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunderperson. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct fraud, willful misconduct, gross negligence or negligencebreach of fiduciary duty. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Partner, the Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determinesPartnership; provided, that, the Trading Advisor shall be liable for such act, omission, conduct or activity unless the Trading Advisor in good faithfaith determines such act, omission, conduct or activity to be in the best interests of the CustomerPartnership, unless and such act, omission, conduct, or activity by DWR or its affiliates constituted did not constitute misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner of the Partnership (or assignee thereof), provided provided, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions position of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliates, provided, further, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer or director of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject to Section 2 1 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the New York Uniform Limited Partnership Act, as amended, and this Section 810. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 10 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 10 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 810, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 10 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided PROVIDED that (i) DWR has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, providedPROVIDED, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided PROVIDED DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, providedPROVIDED, furtherFURTHER, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject (a) No party to this Agreement shall be liable to any other party for any act or failure to act unless such act or failure to act constitutes a breach of this Agreement, negligence or willful misconduct. (b) Each party to this Agreement (the “Indemnitor”) shall indemnify and hold harmless the other parties and their principals, managers, members, partners, directors, officers, shareholders, employees, agents or other applicable representatives (the “Indemnitee”) from and against any and all losses, claims, damages, liabilities, costs and expenses (including, but not limited to, attorneys’ and accountants’ fees and disbursements), judgments and amounts paid in settlement (collectively, “Losses”), to which such Indemnitee may become subject based upon, arising out of or otherwise related to the Indemnitor’s breach of this Agreement, negligence or willful misconduct. For the avoidance of doubt, the indemnification obligation of any party under this Section 2 hereof4 shall solely be the obligation of that party, DWR and no other party shall be responsible for the actions or failures to act on the party of any other party. Notwithstanding the above, the Sponsor shall indemnify and hold harmless the Trust and the Managing Owner from and against any and all Losses, to which the Trust or the Managing Owner may become subject to based upon, arising out of or otherwise related to the negligent conduct of any Trading Manager with respect to Class EF Interests or the breach of any Trading Agreement by any Trading Manager with respect to Class EF Interests. (c) Promptly after receipt of notice of any third-party action, arbitration, claim, demand, dispute, investigation, lawsuit or other proceeding (each a “Proceeding”), the Indemnitee shall notify the Indemnitor in writing if a claim is to be made under this Agreement; provided that the failure to notify the Indemnitor shall not relieve the Indemnitor from any indemnification liability imposed by this Section 4, or from any obligation or liability which it may have to the Indemnitee otherwise than under this Section 4, except and only to the extent that the Indemnitee’s failure to give such notice actually and materially prejudices the rights of the Indemnitor. (i) The Indemnitor shall be entitled to participate in the defense of any Proceeding and to assume the defense thereof with the assistance of counsel reasonably satisfactory to the Indemnitee if it provides notice of such assumption within fifteen (15) business days after learning of such claim. (ii) The Indemnitee shall have the right to retain its affiliates own counsel, but the fees and expenses of such counsel shall be at the Indemnitee’s own expense unless (A) the Indemnitor fails to assume the defense as defined belowprovided in clause (i) above, (B) otherwise agreed by the Indemnitor and Indemnitee, or (C) the named parties to the Proceeding (including any impleaded parties) include both the Indemnitor and the Indemnitee, and the Indemnitee determines that representation of both parties by the same counsel creates a conflict of interest. Notwithstanding the foregoing, the parties agree that under no circumstance shall the Indemnitor be liable for legal fees or other expenses of more than one separate firm of attorneys for the Indemnitee, which firm shall be designated in writing by the Indemnitee. (iii) The Indemnitee shall reasonably cooperate with the Indemnitor in connection with any Proceeding and shall make all personnel, books and records relevant to the Proceeding available to the Indemnitor and grant such authorizations or powers of attorney to the agents, representatives and counsel of the Indemnitor as the Indemnitor may reasonably request in connection with the defense of any such Proceeding. (d) An Indemnitor shall not (i) settle any Proceeding under this Section 4 without the prior written consent of the Indemnitee, which consent shall not be unreasonably withheld or delayed, and (ii) shall not be liable to the Customer, the General Partner or Limited Partners, or any of its or their respective successors or assigns, under this Section 4 for any actsettlement of any Proceeding effected without its consent, omission, conduct, which consent shall not be unreasonably withheld or activity undertaken by or on behalf delayed. (e) The provisions of the Customer pursuant to this Agreement which DWR determines, in good faith, to Section 4 shall survive termination of this Agreement. The foregoing provisions for indemnification shall be in the best interests of the Customeraddition to, unless such actand shall in no respect limit or restrict, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct or activity undertaken by DWR on behalf of the Customer pursuant other remedies which may be available to a party under this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a Limited Partner (or assignee thereof), provided that (i) DWR has determinedat law, in good faith, that the act, omission, conduct, equity or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer to which DWR or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including otherwise in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Limited PartnersPartner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement Partnership, which DWR the Trading Advisor determines, in good faith, faith to be in the best interests of the CustomerPartnership, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner limited partner of the Partnership (or assignee thereof), provided provided, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the the 10.01 7 basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner limited partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliatesaffiliates , provided, further, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, , 10.01 8 or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer , director, or director partner of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR and its affiliates (as defined belowand any directors, officers, employees and agents thereof) shall not be liable to the Customer, the General Partner or the Limited PartnersPartners except for acts or omissions resulting from bad faith, fraud, willful or wanton misconduct, gross negligence, or breach of fiduciary duty. DWR shall not be liable to the Customer the General Partner or any Limited Partner for mistakes of its judgment or their respective successors or assigns, for any act, omission, conduct, action or activity undertaken by inaction taken in good faith for a purpose which DWR reasonably believed to be in or on behalf not opposed to the bested interests of the Customer pursuant and within the scope of this Agreement, or for losses due to this Agreement which DWR determinessuch mistakes, in good faithaction or inaction or to the negligence, to be in the best interests dishonesty or bad faith or any employee or other agent of the Customer, unless provided that such actemployee or agent was selected, omission, conduct, engaged or activity retained by DWR with reasonable care. DWR may consult with counsel and accountants in respect of Customer affairs and shall be fully protected and justified with respect to any action or its affiliates constituted misconduct inaction which is taken in accordance with the advice or negligenceopinion of such counsel or accountants, provided that they shall have been selected with reasonable care. The Except to the extent provided in the following paragraph, DWR shall be entitled, to the full extent and in the manner permitted by applicable law, to indemnity from the Customer shall indemnify, defend and hold harmless DWR and its affiliates from and against any loss, liability, damagejudgment, fine, amount paid in settlement (providing that the Customer approved the settlement), and reasonable attorneys' fees and any other cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuitscollectively "obligation") actually and reasonably incurred arising from by it in any act, omission, conduct actual or activity undertaken threatened action or proceeding to which it is or was made a party by DWR on behalf reason of the Customer its activities pursuant to this Agreement, includingexcluding actions or proceedings brought by or in the right of the Customer, without limitationif any such obligation resulted from a mistake of judgment on the part of DWR, any demands, claims or lawsuits initiated by a Limited Partner (from action or assignee thereof), provided that (i) DWR has determined, inaction taken in good faith, that the act, omission, conduct, faith for a purpose which DWR reasonably believed to be in or activity giving rise not opposed to the claim for indemnification was in the best interests of the CustomerCustomer and within the scope of this Agreement; provided, that such act or omission did not involve fraud, gross negligence, willful or wanton misconduct or a breach of fiduciary obligation, and (ii) provided further, that any indemnity under this Section shall be satisfied out of and to the actextent of the Customer's assets only and no Limited Partner shall have any personal liability on account thereof. DWR shall be entitled, omissionto the full extent and in the manner permitted by applicable law, conduct, or activity that was to indemnity from the basis for such Customer against any loss, liability, damagejudgment, costfine and reasonable attorneys' fees and any other cost or expense, other than amounts paid in settling or expense was not otherwise disposing of any threatened or pending action and the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approvalsettlement or disposition (collectively "obligation"), the indemnitee must apprise the court of the position of the SEC, actually and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, necessarily incurred by it in any actual or threatened action or proceeding brought by a Limited Partner or in the right of the Customer to which DWR it is or any affiliate thereof is was made a party defendantby reason of its activities pursuant to this Agreement, if any such person obligation resulted from action or inaction taken by DWR in good faith for a purpose which DWR reasonably believed to be in or not opposed to the best interests of the Customer and within the scope of this Agreement provided, that such act or omission did not involve negligence, misconduct, or a breach of fiduciary obligation, and provided further, however, that any indemnity under this Section shall be indemnified only satisfied out of and to the extent of the Customer's assets on and subject no Limited Partner shall have any personal liability on account thereof. Notwithstanding the foregoing, DWR shall not be entitled to any indemnification under this Section with respect to claims alleging violations of federal or state securities laws in connection with the conditions specified offer and sale of Units unless it is successful in the defense of the claim for which indemnification is sought or enters into an agreement to settle such claim but only if a court of competent jurisdiction approves (i) in the case of a settlement, the terms of the settlement and the payment of the costs of settlement and its expenses or (ii) in the case of a successful defense, the payment of its expenses. For the purpose of this Section 8, the term "DWR" shall include, in addition to DWR, a person controlling, controlled by or under common control with DWR and any director, officer or employee of such person. The Customer shall make advances to DWR or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. [DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses (including in connection with the defense or settlement of claims; provided DWR has approved such settlement) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. .] The indemnities provided in this Section 8 by the Customer to DWR and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 by DWR to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 8, the term "affiliate" of DWR shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWR; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWR; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWR; or (iv) any officer or director of DWR. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 shall include only those persons acting on behalf of DWR within the scope of the authority of DWR, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 1 hereof, DWR CFI and its affiliates (as defined below) shall not be liable to the Customer, the General Partner or Partner, the Limited PartnersPartner, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR CFI determines, in good faith, to be in the best interests of the Customer, unless such act, omission, conduct, or activity by DWR CFI or its affiliates constituted misconduct or negligence. The Customer shall indemnify, defend and hold harmless DWR CFI and its affiliates from and against any loss, liability, damage, cost or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR CFI on behalf of the Customer pursuant to this Agreement, including, without limitation, any demands, claims or lawsuits initiated by a the Limited Partner (or a limited partner of the Limited Partner) (or assignee thereof), provided that (i) DWR CFI has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the Customer, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR CFI nor any of its affiliates shall be indemnified by the Customer for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (a) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (b) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (c) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a the Limited Partner (or a limited partner of the Limited Partner) in the right of the Customer to which DWR CFI or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in the Delaware Revised Uniform Limited Partnership Act, as amended, and this Section 810. The Customer shall make advances to DWR CFI or its affiliates hereunder only if: (i) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the Customer; (ii) such demand, claim, lawsuit, or legal action is not initiated by the Limited Partner (or a limited partner of the Limited Partner); and (iii) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR CFI shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, costs or expenses (including in connection with the defense or settlement of claims; provided DWR CFI has approved such settlement) incurred as a result of the activities of DWR CFI or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 10 by the Customer to DWR CFI and its affiliates shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of DWR CFI contained in this Agreement to the extent caused by such breach. Likewise, the indemnities provided in this Section 8 10 by DWR CFI to the Customer and any of its successors and assigns shall be inapplicable in the event of any losses, liabilities, damages, costs, or expenses arising out of, or based upon, any material breach of any warranty, covenant, or agreement of the Customer contained in this Agreement to the extent caused by such breach. As used in this Section 810, the term "affiliate" of DWR CFI shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRCFI; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRCFI; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRCFI; or (iv) any officer or director of DWRCFI. Notwithstanding the foregoing, "affiliates" for purposes of this Section 8 10 shall include only those persons acting on behalf of DWR CFI within the scope of the authority of DWRCFI, as set forth in this Agreement.

Standard of Liability and Indemnity. Subject to Section 2 hereof(a) In respect of the Trading Advisor's role in the futures interests trading of the Partnership's assets, DWR and none of the Trading Advisor or its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Partner, the Limited Partners, or any of its or their respective successors or assigns; provided, that, the Trading Advisor shall be liable for any acts, omissions, conduct or activity of such persons unless the Trading Advisor in good faith determines such act, omission, conduct, conduct or activity undertaken by or on behalf of the Customer pursuant to this Agreement which DWR determines, in good faith, to be in the best interests of the CustomerPartnership, unless and such act, omission, conduct, or activity by DWR or its affiliates constituted did not constitute misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates in connection with futures interests trading on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner of the Partnership (or assignee thereof), provided provided, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. . (c) The Trading Advisor shall indemnify, defend and hold harmless the Partnership, the General Partner, and each of their affiliates from and against any liabilities, losses, claims, damages, costs and expenses (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the Trading Advisor or its affiliates in connection with futures interests trading on behalf of the Partnership pursuant to this Agreement, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. (d) The Trading Advisor shall indemnify, defend and hold harmless DWR, the Partnership, the General Partner, any additional seller of Units, and each of their affiliates from and against any loss, claim, damage, liability, cost, and expense, joint and several, to which any indemnified person may become subject under the Securities Act of 1933, as amended (the "Securities Act"), the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Commodity Exchange Act, as amended and rules promulgated thereunder (the "CEAct") the securities or Blue Sky law of any jurisdiction, or otherwise (including any reasonable investigatory, legal, and other expenses incurred in connection with, and any amounts paid in, any settlement, provided that the Trading Advisor shall have approved such settlement, and in connection with any administrative proceedings), in respect of the offer or sale of Units, insofar as such loss, claim, damage, liability, cost, or expense (or action in respect thereof) arises out of, or is based upon: (i) a breach by the Trading Advisor of any representation, warranty, or agreement in this Agreement or any certificate delivered pursuant to this Agreement or the failure by the Trading Advisor to perform any covenant made by the Trading Advisor herein; (ii) the factual accuracy of the information relating to the Trading Advisor in any selling material that has been approved in writing by the Trading Advisor herein; (iii) a misleading or untrue statement or alleged misleading or untrue statement of a material fact made in the Registration Statement, or the Prospectus, or an omission or alleged omission to state a material fact therein which is required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in light of the circumstances under which they were made) not misleading, and such statement or omission relates specifically to the Trading Advisor, or its Trading Advisor Principals (as defined below) (including the historical performance capsules but excluding the pro forma performance information, except to the extent the pro forma performance information was based on information furnished by the Trading Advisor for the General Partner's preparation of such pro forma tables), or was made in reliance upon, and in conformity with, written information or instructions furnished by the Trading Advisor. (e) The Partnership and the General Partner agree, jointly and severally, to indemnify, defend and hold harmless the Trading Advisor and each of its affiliates from and against any loss, claim, damage, liability, cost, and expense, joint and several, to which any indemnified person may become subject under the Securities Act, the Exchange Act, the CEAct, the securities or Blue Sky law of any jurisdiction, or otherwise (including any reasonable investigatory, legal, and other expenses incurred in connection with, and any amounts paid in, any settlement, provided that the Partnership and the General Partner shall have approved such settlement, and in connection with any administrative proceedings), in respect of the offer or sale of Units, unless such loss, claim, damage, liability, cost, or expense (or action in respect thereof) arises out of, or is based upon: (i) a breach by the Trading Advisor of any representation, warranty, or agreement in this Agreement or the failure by the Trading Advisor to perform any covenant made by it herein; (ii) the factual accuracy of the information relating to the Trading Advisor in any related selling material approved in writing by the Trading Advisor; or (iii) a misleading or untrue statement or alleged misleading or untrue statement of a material fact made in the Registration Statement or the Prospectus, or an omission or alleged omission to state a material fact therein which is required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in light of the circumstances under which they were made) not misleading, provided that such misleading or untrue statement or alleged misleading or untrue statement or omission or alleged omission relates to the Trading Advisor or its Trading Advisor Principals (including the historical performance capsules but excluding the pro forma performance information unless such statement or omission was based on information furnished by the Trading Advisor in connection with the preparation of such pro forma information) or was made in reliance upon, and in conformity with, information or instructions furnished by the Trading Advisor (f) Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions position of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR shall indemnify, defend and hold harmless the Customer and its successors or assigns from and against any losses, liabilities, damages, costs, or expenses . (including in connection with the defense or settlement of claims; provided DWR has approved such settlementg) incurred as a result of the activities of DWR or its affiliates, provided, further, that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of bad faith, misconduct or negligence. The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (h) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer or director of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.

Standard of Liability and Indemnity. Subject to Section 2 hereof, DWR (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the CustomerPartnership, the General Partner or Limited PartnersPartner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Customer pursuant to this Agreement Partnership, which DWR the Trading Advisor determines, in good faith, faith to be in the best interests of the CustomerPartnership, unless such act, omission, conduct, or activity by DWR or its affiliates constituted misconduct or negligence. . (b) The Customer Partnership shall indemnify, defend and hold harmless DWR the Trading Advisor and its affiliates from and against any loss, liability, damage, cost cost, or expense (including attorneys' and accountants' fees and expenses incurred in the defense of any demands, claims, or lawsuits) actually and reasonably incurred arising from any act, omission, conduct conduct, or activity undertaken by DWR the Trading Advisor or its affiliates on behalf of the Customer pursuant to this AgreementPartnership, including, without limitation, any demands, claims claims, or lawsuits initiated by a Limited Partner limited partner of the Partnership (or assignee thereof), provided provided, that (i) DWR the Trading Advisor has determined, in good faith, that the act, omission, conduct, or activity giving rise to the claim for indemnification was in the best interests of the CustomerPartnership, and (ii) the act, omission, conduct, or activity that was the basis for such loss, liability, damage, cost, or expense was not the result of misconduct or negligence. Notwithstanding anything to the contrary contained in the foregoing, neither DWR the Trading Advisor nor any of its affiliates shall be indemnified by the Customer Partnership for any losses, liabilities, or expenses arising from or out of an alleged violation of federal or state securities laws unless (aA) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee, or (bB) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee, or (cC) a court of competent jurisdiction approves a settlement of the claims against the particular indemnitee and finds that indemnification of the settlement and related costs should be made, provided, with regard to such court approval, the indemnitee must apprise the court of the position of the SEC, and the positions of the respective securities administrators of Massachusetts, Missouri, Tennessee Tennessee, and/or those other states and jurisdictions in which the plaintiffs claim they were offered or sold Units, with respect to indemnification for securities laws violations before seeking court approval for indemnification. Furthermore, in any action or proceeding brought by a Limited Partner limited partner in the right of the Customer Partnership to which DWR the Trading Advisor or any affiliate thereof is a party defendant, any such person shall be indemnified only to the extent and subject to the conditions specified in this Section 8. The Customer Partnership shall make advances to DWR the Trading Advisor or its affiliates hereunder only if: (i1) the demand, claim, lawsuit, or legal action relates to the performance of duties or services by such persons to the CustomerPartnership; (ii2) such demand, claim, lawsuit, or legal action is not initiated by a Limited Partner; and (iii3) such advances are repaid, with interest at the legal rate under Delaware law, if the person receiving such advance is ultimately found not to be entitled to indemnification hereunder. DWR . (c) The Trading Advisor shall indemnify, defend and hold harmless the Customer Partnership, the General Partner, and its successors or assigns each of their affiliates from and against any liabilities, losses, liabilitiesclaims, damages, costs, or costs and expenses (including attorneys' and accountants' fees and expenses incurred in connection with the defense of any demands, claims, or settlement of claims; provided DWR has approved such settlementlawsuits) actually and reasonably incurred as a result any act, omission, conduct or activity of the activities of DWR Trading Advisor or its affiliates, provided, further, provided that the act, omission, conduct, or activity giving rise to the claim for indemnification was the result of such person's bad faith, misconduct or negligence. . (d) The indemnities provided in this Section 8 by the Customer Partnership to DWR the Trading Advisor and its affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of DWR the Trading Advisor contained in this Agreement to the extent caused by such breachevent. Likewise, the indemnities provided in this Section 8 by DWR the Trading Advisor to the Customer General Partner and the Partnership and any of its successors and assigns their affiliates shall be inapplicable in the event of any liabilities, losses, liabilitiesclaims, damages, costs, damages or expenses arising out of, or based upon, any material breach of any representation, warranty, covenant, or agreement of the Customer Partnership or the General Partner, as applicable, contained in this Agreement to the extent caused by such breachevent. The indemnifying party will not be liable for any settlement effected without the indemnifying party's express written consent. (e) As used in this Section 8, the term "affiliate" of DWR an entity shall mean: (i) any natural person, partnership, corporation, association, or other legal entity directly or indirectly owning, controlling, or holding with power to vote 10% or more of the outstanding voting securities of DWRsuch entity; (ii) any partnership, corporation, association, or other legal entity 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote by DWRsuch entity; (iii) any natural person, partnership, corporation, association, or other legal entity directly or indirectly controlling, controlled by, or under common control with, DWRsuch entity; or (iv) any officer officer, director, or director partner of DWRsuch entity. Notwithstanding the foregoing, "affiliates" of the Trading Advisor for purposes of this Section 8 shall include only those persons acting on behalf of DWR the Trading Advisor within the scope of the authority of DWRthe Trading Advisor, as set forth in this Agreement, who perform services for the Partnership.