exv10w1






EXHIBIT 10.1



Amended
Form made by and between Mellanox Technologies, Ltd. and each of its 


directors and executive officers

INDEMNIFICATION UNDERTAKING




dated as of [                    ], 2009




from Mellanox Technologies Ltd. to [                                        ]

(the “Office Holder”)




     In respect of your service as a director or office holder of Mellanox Technologies Ltd. (the
“Company”), the Company desires to provide for your indemnification to the fullest extent permitted
by law. To that end, the Company hereby agrees as follows:



     1. The Company hereby undertakes to indemnify you to the maximum extent permitted by the
Companies Law — 1999 (the “Companies Law”)1 in respect of the following:



          1.1 any financial obligation imposed on you in favor of another person by, or expended by you
as a result of, a court judgment, including a settlement or an arbitrator’s award approved by
court, in respect of any act or omission (“action”) taken or made by you in your capacity as a
director or office holder of the Company;




          1.2 all reasonable litigation expenses, including reasonable attorneys’ fees, expended by you
or charged to you by a court, in a proceeding instituted against you by the Company or on its
behalf or by another person, or in any criminal proceedings in which you are acquitted, or in any
criminal proceedings of a crime which does not require proof of mens rea (criminal intent) in which
you are convicted, all in respect of actions taken by you in your capacity as a director or officer
of the Company; and




          1.3 all reasonable litigation expenses, including reasonable attorneys’ fees, expended by you
due to an investigation or a proceeding instituted against you by an authority qualified to conduct
such investigation or proceeding, where such investigation or proceeding is concluded without the
filing of an indictment against you (as defined in the Companies Law) and without any financial
obligation imposed on you in lieu of criminal proceedings (as defined in the Companies Law), or
that is concluded without your indictment but with a financial obligation imposed on you in lieu of
criminal proceedings with respect to a crime that does not require proof of mens rea (criminal
intent), all in respect of actions taken by you in your capacity as a director or office holder of
the Company;




     2. The Company will not indemnify you for any amount you may be obligated to pay in respect
of:



          2.1 a breach of your duty of loyalty to the Company, except, to the extent permitted by the
Companies Law, for a breach of a duty of loyalty to the Company while acting in good faith and
having reasonable cause to assume that such act would not prejudice the interests of the Company;




          2.2 a willful or reckless breach of the your duty of care to the Company;




          2.3 an action taken or omission by you with the intent of unlawfully realizing personal gain;




          2.4 a fine or penalty imposed upon you for an offense; and




          2.5 a counterclaim brought by the Company or in its name in connection with a claim against
the Company filed by you, other than by way of defense or by way of third party notice in
connection with a claim brought against you by the Company, or in specific cases in which the
Company’s Board of Directors has approved the initiation or bringing of such suit by you, which
approval shall not be unreasonably withheld.




     3. The Company will make available all amounts payable to you in accordance with Section 1
above on the date on which such amounts are first payable by you (“Time of Indebtedness”),
including with respect to any claim against you initiated by the Company or in its right, and with
respect to items referred to in Sections 1.2 and 1.3 above, not later than the date on which the
applicable court renders its decision. Advances given to cover legal expenses in criminal
proceedings will be repaid by you to the Company, if you are found guilty of a crime which requires
proof of criminal intent. Other advances will be repaid by you to the Company if it is determined
that you are not lawfully entitled to such indemnification. As part of the aforementioned
undertaking, the





 




			
	1	 	All terms which are not defined in this Indemnification
Undertaking shall have the meaning subscribed to them in the Companies Law.














 









Company will make available to you any security or guarantee that you may be required to post
in accordance with an interim decision given by a court or an arbitrator, including for the purpose
of substituting liens imposed on your assets.




     4. The Company will indemnify you even if at the Time of Indebtedness you are no longer a
director or office holder of the Company provided that the obligations with respect to which you
will be indemnified hereunder are in respect of actions taken by you while you were a director or
office holder of the Company as aforesaid, and in such capacity.



     5. The indemnification will be limited to the expenses mentioned in Sections 1.2 and 1.3
(pursuant and subject to Section 3 and insofar as indemnification with respect thereto is not
restricted by law or by the provisions of Section 2 above) and to the expenses mentioned in Section
1.1 above insofar as they result from, or are connected to, events and circumstances set forth in
Schedule A hereto, which are deemed by the Company’s Board of Directors, based on the
current activity of the Company, to be foreseeable as of the date hereof.



     6. The total amount of indemnification that the Company undertakes towards all of the Company
office holders whom the Company has resolved to indemnify, jointly and in the aggregate, shall not
exceed, during the course of the Company’s existence, 50% (fifty percent) of the Company’s net
assets, measured by the balance sheet of the Company last published prior to the time that notice
is provided to the Company.



     7. The Company will not indemnify you for any liability with respect to which you have
received payment by virtue of an insurance policy or another indemnification agreement other than
for amounts which are in excess of the amounts actually paid to you pursuant to any such insurance
policy or other indemnity agreement (including deductible amounts not covered by insurance
policies), within the limits set forth in Section 6 above.



     8. Subject to the provisions of Sections 6 and 7 above, the indemnification hereunder will, in
each case, cover all sums of money that you will be obligated to pay, in those circumstances for
which indemnification is permitted under the law and under this Indemnification Undertaking.



     9. The Company will be entitled to any amount collected from a third party in connection with
liabilities indemnified hereunder.



     10. In all indemnifiable circumstances, indemnification will be subject to the following:



          10.1 You shall promptly notify the Company of any legal proceedings initiated against you and
of all possible or threatened legal proceedings without delay following your first becoming aware
thereof, however, your failure to notify the Company as aforesaid shall not derogate from your
right to be indemnified as provided herein (except to the extent that such failure to notify causes
the Company damages). You shall deliver to the Company, or to such person as it shall advise you,
without delay all documents you receive in connection with these proceedings. Similarly, you must
advise the Company on an ongoing and current basis concerning all events which you suspect may give
rise to the initiation of legal proceedings against you in connection with your actions or
omissions as a director or office holder of the Company.




          10.2 Other than with respect to proceedings that have been initiated against you by the
Company or in its name, the Company shall be entitled to undertake the conduct of your defense in
respect of such legal proceedings and/or to hand over the conduct thereof to any attorney which the
Company may choose for that purpose, except to an attorney who is not, upon reasonable grounds,
acceptable to you. The Company shall notify you of any such decision to defend with ten (10)
calendar days of receipt of notice of any such proceeding. The Company and/or the attorney as
aforesaid shall be entitled, within the context of the conduct as aforesaid, to conclude such
proceedings, all as it shall see fit, including by way of settlement. At the request of the
Company, you shall execute all documents required to enable the Company and/or its attorney as
aforesaid to conduct your defense in your name, and to represent you in all matters connected
therewith, in accordance with the aforesaid. For the avoidance of doubt, in the case of criminal
proceedings the Company and/or the attorneys as aforesaid will not have the right to plead guilty
in your name or to agree to a plea-bargain in your name without your consent. However, the
aforesaid will not prevent the Company and/or its attorneys as aforesaid, with the approval of the
Company, to come to a financial arrangement with a plaintiff in a civil proceeding without your
consent so long as such arrangement will not be an admittance of an occurrence not indemnifiable
pursuant to this Indemnification Undertaking and/or pursuant to law. The Company shall not, without
your prior written consent, consent to the entry of any judgment against you or enter into any
settlement or compromise which (i) includes an admission of your fault, (ii) does not include, as
an unconditional term thereof, the full release of you from all liability in respect of such
proceeding or (iii) is not fully indemnifiable pursuant to this Indemnification Undertaking and/or
pursuant to law. This paragraph shall not apply to a proceeding brought by you under Section 10.7
below.




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          10.3 You will fully cooperate with the Company and/or any attorney as aforesaid in every
reasonable way as may be required of you within the context of their conduct of such legal
proceedings, including but not limited to the execution of power(s) of attorney and other
documents, provided that the Company shall cover all costs incidental thereto such that you will
not be required to pay the same or to finance the same yourself.




          10.4 Notwithstanding the provisions of Sections 10.2 and 10.3 above, (i) if in a proceeding to
which you are a party by reason of your status as a director or officer of the Company and the
named parties to any such proceeding include both you and the Company or any subsidiary of the
Company, a conflict of interest or potential conflict of interest (including the availability to
the Company and its subsidiary, on the one hand, and you, on the other hand, of different or
inconsistent defenses or counterclaims) exists between you and the Company, or (ii) if the Company
fails to assume the defense of such proceeding in a timely manner, you shall be entitled to be
represented by separate legal counsel, which shall represent other persons similarly situated, of
the Company’s choice and reasonably acceptable to you and other person’s choice, at the expense of
the Company. In addition, if the Company fails to comply with any of its material obligations
under this Indemnification Undertaking or in the event that the Company or any other person takes
any action to declare this Indemnification Undertaking void or unenforceable, or institutes any
action, suit or proceeding to deny or to recover from you the benefits intended to be provided to
you hereunder, except with respect to such actions, suits or proceedings brought by the Company
that are resolved in favor of the Company, you shall have the right to retain counsel of your
choice, and reasonably acceptable to the Company and at the expense of the Company, to represent
you in connection with any such matter.




          10.5 If, in accordance with Section 10.2 (but subject to Section 10.4), the Company has taken
upon itself the conduct of your defense, the Company will have no liability or obligation pursuant
to this Indemnification Undertaking or the above resolutions to indemnify you for any legal
expenses, including any legal fees, that you may expend in connection with your defense, unless (i)
the Company shall not have assumed the conduct of your defense as contemplated, (ii) the Company
refers the conduct of your defense to an attorney who is not, upon reasonable grounds, acceptable
to you, (iii) the named parties to any such action (including any impleaded parties) include both
you and the Company, and joint representation is inappropriate under applicable standards of
professional conduct due to a conflict of interest between you and the Company, or (iv) the Company
shall agree to such expenses in either of which events all reasonable fees and expenses of your
counsel shall be borne by the Company.




          10.6 The Company will have no liability or obligation pursuant to this Indemnification
Undertaking to indemnify you for any amount expended by you pursuant to any compromise or
settlement agreement reached in any suit, demand or other proceeding as aforesaid without the
Company’s consent to such compromise or settlement.




          10.7 If required by law, the Company’s authorized organs will consider the request for
indemnification and the amount thereof and will determine if you are entitled to indemnification
and the amount thereof. In the event that you make a request for payment of an amount of
indemnification hereunder or a request for an advancement of indemnification expenses hereunder and
the Company fails to determine your right to indemnification hereunder or fails to make such
payment or advancement, you may petition any court which has jurisdiction to enforce the Company’s
obligations hereunder. The Company agrees to reimburse you in full for any reasonable expenses
incurred by you in connection with investigating, preparing for, litigating, defending or settling
any action brought by you under the immediately preceding sentence, except where such action or any
claim or counterclaim in connection therewith is resolved in favor of the Company.




     11. The Company hereby exempts you, to the fullest extent permitted by law, from any liability
for damages caused as a result of a breach of your duty of care to the Company, provided that in no
event shall you be exempt with respect to any actions listed in Section 2 above or breach of your
duty of care in connection with distribution of Company’s assets.



     12. The Company undertakes that in the event of a Change in Control (as defined below) of the
Company, the Company’s obligations under this Indemnification Undertaking shall continue to be in
effect following such Change in Control, and the Company shall take all reasonable necessary action
to ensure that the party acquiring control of the Company shall independently undertake to continue
in effect such Indemnification Undertaking, to maintain the provisions of the Articles of
Association allowing indemnification and to indemnify you in the event that the Company shall not
have sufficient funds or otherwise shall not be able to fulfill its obligations hereunder. For
purposes of this Indemnification Undertaking, a “Change in Control” shall be deemed to have
occurred if: (i) any “Person” (as such term is used in Sections 13(d) and 14(d) of the U.S.
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or a corporation owned
directly or indirectly by the shareholders of the Company in substantially the same proportions as
their ownership of shares of the Company, is or becomes the “Beneficial Owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing
15% or more of the total voting power represented by the Company’s then outstanding voting
securities; or (ii) during any period of two consecutive years (not including any period prior to
the execution



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of this Indemnification Undertaking), individuals who at the beginning of such period
constitute the Board of Directors of the Company and any new director (other than a director
designated by a person who has entered into an agreement with the Company to effect a transaction
described in clause (i), (iii) or (iv) of this Section 12) whose election by the Board of Directors
or nomination for election by the Company’s shareholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any
reason to constitute at least a majority of the members of the Board of Directors; or (iii) a
merger or consolidation of the Company with any other entity, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) more than 51% of the combined voting power of the voting
securities of the surviving entity outstanding immediately after such merger or consolidation and
with the power to elect at least a majority of the Board of Directors or other governing body of
such surviving entity; or (iv) the shareholders of the Company approve a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the Company of all or
substantially all the Company’s assets; or (v) there occurs any other event of a nature that would
be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a
response to any similar item on any similar schedule or form) promulgated under the Exchange Act,
whether or not the Company is then subject to such reporting requirement.



     13. The Company undertakes that if there is a Change in Control of the Company then with
respect to all matters thereafter arising concerning your rights to payments under this
Indemnification Undertaking or any other agreement or under the Company’s Articles of Association
as now or hereafter in effect, the Company shall seek legal advice only from Independent Legal
Counsel (as defined below) selected by the Company and approved by you (which approval shall not be
unreasonably withheld). Such counsel, among other things, shall render its written opinion to the
Company and you as to whether and to what extent you would be permitted to be indemnified under
applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the
reasonable fees of the Independent Legal Counsel referred to above and to fully indemnify such
counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages
arising out of or relating to this Indemnification Undertaking or its engagement pursuant hereto.
For purposes of this Indemnification Undertaking, “Independent Legal Counsel” shall mean an
attorney or firm of attorneys who shall not have otherwise performed services for the Company or
you within the last three years (other than with respect to matters concerning your rights under
this Indemnification Undertaking, or of other indemnities under similar indemnification
undertakings).



     14. If for the validation of any of the undertakings in this Indemnification Undertaking any
act, resolution, approval or other procedure is required, the Company undertakes to cause them to
be done or adopted in a manner which will enable the Company to fulfill all its undertakings as
aforesaid.



     15. For the avoidance of doubt, it is hereby clarified that nothing contained in this
Indemnification Undertaking derogates from the Company’s right to indemnify you post factum for any
amounts which you may be obligated to pay as set forth in Section 1 above without the limitations
set forth in Sections 5 and 6 above.



     16. If any undertaking included in this Indemnification Undertaking is held invalid or
unenforceable, such invalidity or unenforceability will not affect any of the other undertakings
which will remain in full force and effect. Furthermore, if such invalid or unenforceable
undertaking may be modified or amended so as to be valid and enforceable as a matter of law, such
undertaking will be deemed to have been modified or amended, and any competent court or arbitrator
are hereby authorized to modify or amend such undertaking, so as to be valid and enforceable to the
maximum extent permitted by law.



     17. This Indemnification Undertaking and the agreements herein shall be governed by and
construed and enforced in accordance with the laws of the State of Israel.



     18. This Indemnification Undertaking cancels any preceding letter of indemnification or
arrangement for indemnification that may have been issued to you by the Company.



     19. Neither the settlement nor termination of any proceeding nor the failure of the Company to
award indemnification or to determine that indemnification is payable shall create an adverse
presumption that you are not entitled to indemnification hereunder. In addition, the termination
of any proceeding by judgment or order (unless such judgment or order provides so specifically) or
settlement, shall not create a presumption that you did not act in good faith and in a manner which
you reasonably believed to be in or not opposed to the best interests of the Company or, with
respect to any criminal action or proceeding, had reasonable cause to believe that your action was
unlawful.



     20. This Indemnification Undertaking shall be (a) binding upon all successors and assigns of
the Company (including any transferee of all or a substantial portion of the business, stock and/or
assets of the Company and any direct or indirect successor by



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merger or consolidation or otherwise by operation of law), and (b) binding on and shall inure
to the benefit of your heirs, personal representatives, executors and administrators. This
Indemnification Undertaking shall continue for your benefit and your heirs’, personal
representatives’, executors’ and administrators’ benefit after you cease to be a director or office
holder of the Company.



     21. Except with respect to changes in the governing law which expand your right to be
indemnified by the Company, no supplement, modification or amendment of this Indemnification
Undertaking shall be binding unless executed in writing by each of the parties hereto. No waiver
of any of the provisions of this Indemnification Undertaking shall be deemed or shall constitute a
waiver of any other provisions of this Indemnification Undertaking (whether or not similar), nor
shall such waiver constitute a continuing waiver.



     This Indemnification Undertaking is being issued to you pursuant to the resolutions adopted by
the Audit Committee of the Company on March 10, 2009, the Board of Directors of the Company on
March 10, 2009 and by the shareholders of the Company on May 18, 2009. The Board of Directors has
determined, based on the current activity of the Company, that the total amount of indemnification
stated in Section 6 is reasonable and that the events listed in Schedule A are reasonably
anticipated.



     Kindly sign and return the enclosed copy of this letter to acknowledge your agreement to the
contents hereof.



	 	 	 	 	 
	 	Very truly yours,



Mellanox Technologies Ltd.
 	 
	 	By:  	
 	 
	 	Name: 	Eyal Waldman 	 
	 	Title:
Date: 	Chief Executive Officer

                      , 2009 	 
	 



	 	 	 	 	 
	Accepted and agreed to:	 	 
	 
	 	 	 	 
	 	 	 
	Name:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Date:

	 	[                    ], 2009	 	 






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Schedule A





	1.	 	Negotiations, execution, delivery and performance of agreements on behalf of the Company and
any subsidiary thereof (a “Subsidiary”) including, inter alia, any claim or demand made by a
customer, supplier, contractor or other third party transacting any form of business with the
Company, its Subsidiaries or affiliates relating to the negotiations or performance of such
transactions, representations or inducements provided in connection thereto or otherwise.
	 
	2.	 	Any claim or demand made in connection with any transaction which is not within the ordinary
course of business of either the Company, its subsidiaries or affiliates, including the sale,
lease or purchase of any assets or businesses.
	 
	3.	 	Anti-competitive acts and acts of commercial wrongdoing.
	 
	4.	 	Acts in regard of invasion of privacy including with respect to databases and acts in regard
of slander.
	 
	5.	 	Any claim or demand made for actual or alleged infringement, misappropriation or misuse of
any third party’s intellectual property rights including, but not limited to confidential
information, patents, copyrights, design rights, service marks, trade secrets, copyrights,
misappropriation of ideas by the Company, its Subsidiaries or affiliates.
	 
	6.	 	Actions taken in connection with the intellectual property of the Company and any Subsidiary
and its protection, including the registration or assertion of rights to intellectual property
and the defense of claims relating thereof.
	 
	7.	 	Participation and/or non-participation at the Company’s board meetings, bona fide expression
of opinion and/or voting and/or abstention from voting at the Company’s board meetings.
	 
	8.	 	Approval of corporate actions including the approval of the acts of the Company’s management,
their guidance and their supervision.
	 
	9.	 	Claims of failure to exercise business judgement and a reasonable level of proficiency,
expertise and care in regard of the Company’s business.
	 
	10.	 	Violations of securities laws of any jurisdiction, including without limitation, fraudulent
disclosure claims, failure to comply with SEC and/or the Israeli Securities Authority and/or
any stock exchange disclosure or other rules and any other claims relating to relationships
with investors, shareholders and the investment community and any claims related to the
Sarbanes-Oxley Act of 2002, as amended from time to time.
	 
	11.	 	Any claim or demand made under any securities laws or by reference thereto, or related to the
failure to disclose any information in the manner or time such information is required to be
disclosed pursuant to such laws, or related to inadequate or improper disclosure of
information to shareholders, or prospective shareholders, or related to the purchasing,
holding or disposition of securities of the Company or any other investment activity involving
or affected by such securities, including any actions relating to an offer or issuance of
securities of the Company or of its Subsidiaries and/or affiliates to the public by prospectus
or privately by private placement, in Israel or abroad, including the details that shall be
set forth in the documents in connection with execution thereof.
	 
	12.	 	Violations of laws requiring the Company to obtain regulatory and governmental licenses,
permits and authorizations or laws related to any governmental grants in any jurisdiction.
	 
	13.	 	Claims in connection with publishing or providing any information, including any filings with
any governmental authorities, on behalf of the Company in the circumstances required under any
applicable laws.
	 
	14.	 	Any claim or demand made by employees, consultants, agents or other individuals or entities
employed by or providing services to the Company relating to compensation owed to them or
damages or liabilities suffered by them in connection with such employment or service.
	 
	15.	 	Resolutions and/or actions relating to employment matters of the Company and/or its
Subsidiaries and/or affiliates.
	 
	16.	 	Events, pertaining to the employment conditions of employees and to the employer — employee
relations, including the promotion of workers, handling pension arrangements, insurance and
saving funds, options and other benefits.
	 
	17.	 	Any claim or demand made by any lenders or other creditors or for moneys borrowed by, or
other indebtedness of, the Company, its Subsidiaries or affiliates.




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	18.	 	Any claim or demand made by any third party suffering any personal injury and/or bodily
injury and/or property damage to business or personal property through any act or omission
attributed to the Company, its Subsidiaries or affiliates, or their respective employees,
agents or other persons acting or allegedly acting on their behalf.
	 
	19.	 	Any claim or demand made directly or indirectly in connection with complete or partial
failure, by the Company or any Subsidiary or affiliate thereof, or their respective directors,
officers and employees, to pay, report, keep applicable records or otherwise, of any foreign,
federal, state, country, local, municipal or city taxes or other compulsory payments of any
nature whatsoever, including without limitation, income, sales, use, transfer, excise, value
added, registration, severance, stamp, occupation, customs, duties, real property, personal
property, capital stock, social security, unemployment, disability, payroll or employee
withholding or other withholding, including any interest, penalty or addition thereto, whether
disputed or not.
	 
	20.	 	Any claim or demand made by purchasers, holders, lessors or other users of products or assets
of the Company, or individuals treated with such products, for damages or losses related to
such use or treatment, and actions in connection with the testing of products developed by the
Company and/or its Subsidiaries or in connection with the distribution, sale, license or use
of such products.
	 
	21.	 	Any administrative, regulatory or judicial actions, orders, decrees, suits, demands, demand
letters, directives, claims, liens, investigations proceedings or notices of noncompliance or
violation by any governmental entity or other person alleging potential responsibility or
liability (including potential responsibility or liability for costs of enforcement,
investigation, cleanup, governmental response, removal or remediation, for natural resources
damages, property damage, personal injuries, or penalties or contribution, indemnification,
cost recovery, compensation, or injunctive relief) arising out of, based on or related to (a)
the presence of, release spill, emission, leaking, dumping, pouring, deposit, disposal ,
discharge, leaching or migration into the environment (each a “Release”) or threatened Release
of, or exposure to, any hazardous, toxic, explosive or radioactive substance, wastes or other
substances or wastes of any nature regulated pursuant to any environmental law, at any
location, whether or not owned, operated, leased or managed by the Company or any of its
Subsidiaries, or (b) circumstances forming the basis of any violation of any environmental
law, environmental permit, license, registration or other authorization required under
applicable environmental and/or public health law.
	 
	22.	 	Actions in connection with the Company’s development, use, sale, licensing, distribution,
marketing or offer of products and/or services.
	 
	23.	 	Resolutions and/or actions relating to a merger of the company and/or of its Subsidiaries
and/or affiliates, the issuance of shares or securities exercisable into shares of the
Company, changing the share capital of the Company, formation of subsidiaries, reorganization,
winding up or sale of all or part of the business, operations or shares the Company.
	 
	24.	 	Resolutions and/or actions relating to investments in the Company and/or its Subsidiaries
and/or affiliated companies and/or the purchase or sale of assets, including the purchase or
sale of companies and/or businesses, and/or investments in corporate or other entities and/or
investments in traded securities and/or any other form of investment.
	 
	25.	 	Any administrative, regulatory or judicial actions, orders, decrees, suits, demands, demand
letters, directives, claims, liens, investigations, proceedings or notices of noncompliance or
violation by any governmental entity or other person alleging the failure to comply with any
statute, law, ordinance, rule, regulation, order or decree of any of its Subsidiaries and/or
affiliates, or any of their respective business operations.
	 
	26.	 	Actions relating to the operations and management of the Company and/or its Subsidiaries.
	 
	27.	 	Actions taken in connection with the approval and execution of financial reports and business
reports and the representations made in connection therewith.




28. Any claim or demand, not covered by any of the categories of events described above, which,
pursuant to any applicable law, a director or officer of the Company may be held liable to any
government or agency thereof, or any person or entity, in connection with actions taken by such
director or officer in such capacity





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