Common use of Disclaimer and Indemnification Clause in Contracts

Disclaimer and Indemnification. 4.1 The Parties hereby confirm that, in no event shall Conew Network be required to assume any responsibility or to make any economic compensation or other compensations to any other Parties or any third parties with respect to the exercise of the Proxy Rights hereunder by the persons designated by Conew Network. 4.2 The Existing Shareholders and the Company agree to indemnify Conew Network 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 Conew Network 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.