Common use of The Existing Shareholders and the Clause in Contracts

The Existing Shareholders and the. Company agree to indemnify Beijing Security and the Proxies for any and all losses incurred or to be potentially incurred due to the exercising of the Proxy Rights hereunder by the Proxies and to protect Beijing Security and the Proxies from any harm, including without limitation, any loss arising from any litigation, recovery, arbitration, claim initiated by any third parties or any administrative investigations or penalty by any government bodies. However, such losses shall not include those caused by any wilful conduct or gross negligence of the Proxies.