Nautilus 2006 Annual Report Download - page 103

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22
8.3.2 From and after the Closing Date up through the Indemnity Cut-Off Date, any losses, liabilities, damages or deficiencies
incurred by Seller or the Shareholders that result from any misrepresentation, breach of warranty, or non-fulfillment of any
agreement or covenant on the part of Nautilus under this Agreement, or from any certificate or other instrument furnished or
to be furnished by hereunder and all suits, actions, proceedings, demands, assessments, judgments, costs, attorneys’ fees and
expenses incident to any of the foregoing matters, including those out-of-
pocket costs, charges and expenses in respect of the
participation of officers and employees of Seller or the Shareholders after the Closing Date in defense thereof.
Notwithstanding the foregoing, the maximum aggregate liability of Nautilus and Buyer for all claims made by Seller or the
Shareholders under Article 8.3.2 shall not exceed US(*).
Article 8.4 Payments to Seller and the Shareholders
. Nautilus shall promptly reimburse Seller or the Shareholders for all amounts owed
under Article 8.3 from time to time, at their request, as such amounts are incurred. Notwithstanding the foregoing, Seller and
the Shareholders shall not make any particular claim for an amount owed under Article 8.3.2 after the Indemnity Cut-Off
Date.
Article 8.5 Third Party Claims
. If a claim by a third party is made against an indemnified Party hereunder, and if a Party intends to seek
indemnity with respect thereto under this Chapter 8 (such Party being the “Indemnified Party”), the Indemnified Party or
Parties shall promptly (and in any case within thirty (30) days) notify the other Party or Parties (the “Indemnifying Party”)
of
such claim. The Indemnifying Party shall have thirty (30) days after receipt of the above-mentioned notice to undertake,
conduct and control, through counsel of its own choosing (subject to the consent of the Indemnified Party, such consent not
to be unreasonably withheld) and at its expense, the settlement or defense thereof, and the Indemnified Party shall cooperate
with it in connection therewith; provided, that : (i) the Indemnifying Party shall not thereby permit to exist any Lien upon
any asset of the Indemnified Party, (ii) the Indemnifying Party shall permit the Indemnified Party to participate in such
settlement or defense through counsel chosen by the Indemnified Party, provided that the fees and expenses of such counsel
shall be borne by the Indemnified Party, and (iii) the Indemnifying Party shall promptly reimburse the Indemnified Party for
the full amount of any loss resulting from such claim and all related expenses incurred by the Indemnified Party within the
limits of this Chapter 8. So long as the Indemnifying Party is reasonably contesting any such claim in good faith, the
Indemnified Party shall not pay
(*) Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested
with respect to the omitted portions.