THE CONFLICT OF LAWS
PRINCIPLES THEREOF.
SUBROGATION. IN THE EVENT OF PAYMENT UNDER THIS AGREEMENT, THE COMPANY, THE BANK
OR BOTH, AS THE CASE MAY BE, SHALL BE SUBROGATED TO THE EXTENT OF SUCH PAYMENT
TO ALL OF THE RIGHTS OF RECOVERY OF INDEMNITEE, WHO SHALL EXECUTE ALL DOCUMENTS
REQUIRED AND SHALL DO ALL ACTS THAT MAY BE NECESSARY TO SECURE SUCH RIGHTS AND
TO ENABLE UNITY EFFECTIVELY TO BRING SUIT TO ENFORCE SUCH RIGHTS.
AMENDMENT AND TERMINATION. NO AMENDMENT, MODIFICATION, TERMINATION OR
CANCELLATION OF THIS AGREEMENT SHALL BE EFFECTIVE UNLESS IT IS IN WRITING SIGNED
BY BOTH THE PARTIES HERETO. NO WAIVER OF ANY OF THE PROVISIONS OF THIS AGREEMENT
SHALL BE DEEMED OR SHALL CONSTITUTE A WAIVER OF ANY OTHER PROVISIONS HEREOF
(WHETHER OR NOT SIMILAR) NOR SHALL SUCH WAIVER CONSTITUTE A CONTINUING WAIVER.
INTEGRATION AND ENTIRE AGREEMENT. THIS AGREEMENT SETS FORTH THE ENTIRE
UNDERSTANDING BETWEEN THE PARTIES HERETO AND SUPERSEDES AND MERGES ALL PREVIOUS
WRITTEN AND ORAL NEGOTIATIONS, COMMITMENTS, UNDERSTANDINGS AND AGREEMENTS
RELATING TO THE SUBJECT MATTER HEREOF BETWEEN THE PARTIES HERETO.
NO CONSTRUCTION AS EMPLOYMENT AGREEMENT. NOTHING CONTAINED IN THIS AGREEMENT
SHALL BE CONSTRUED AS GIVING INDEMNITEE ANY RIGHT TO BE RETAINED IN THE EMPLOY
OF THE COMPANY OR ANY OF ITS SUBSIDIARIES INCLUDING, WITHOUT LIMITATION, THE
BANK.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
ATTEST:
UNITY BANCORP, INC.
By
UNITY BANK
By
INDEMNITEE:
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