Document:

Agreement

Exhibit 10.1

YANEX GROUP, INC.

CONTACT: ALEXANDER YANOV

FILDERBAHNPLATZ 33-1404, STUTTGART, BADEN-WURTTEMBERG, GERMANY, 70567

PHONE:  +49(152)04304048, E-MAIL: YANEXGROUP@GMAIL.COM

PROFESSIONAL SERVICES AGREEMENT

between YANEX GROUP, INC. and Ebby Kuriakose Moolayil

Client:  Ebby Kuriakose Moolayil, Pfaffenwaldring 48g-3, Stuttgart-Vaihingen, 70569, Germany

Project:  Complex interior design project of residential building 

Date: May 19, 2011

1. OVERVIEW

A. Ebby Kuriakose Moolayil, the CLIENT, requests that Yanex Group, Inc., the architectural and interior design company, creates complex interior design project of residential building. This document is an agreement which outlines the scope of services and fees for performing the work defined herein.

B. This project and the scope of services are generally defined herein. The services in this agreement are limited to the scope and terms defined herein and any additional services must be defined by a supplemental agreement.

2. ASSUMPTIONS

A. This agreement is based on the residential building project documents which are provided by client and architectural measurements which created by Yanex Group, Inc.

B. The CLIENT shall conform to all applicable building codes and developmental restrictions.

C. Any services performed for the CLIENT by Yanex Group, Inc. on the project defined herein in lieu of an executed agreement shall constitute an implied acceptance by the CLIENT for the scope, fees, and terms defined herein for those services rendered.

3. INFORMATION TO BE PROVIDED BY THE CLIENT

A. Hard copy project documents of residential building have to include the engineering site plan, floor plans, elevations, cross-sections with the main sizes, and information about floor areas of spaces to be designed.  

B. The name and position of a single representative whom will have the authority to accept and approve the services and invoices provided by Yanex Group, Inc. and to direct tasks per contract on behalf of the CLIENT or Owner.

4. SCOPE OF PROFESSIONAL SERVICES

A. Yanex Group, Inc. shall provide the professional services as described in Appendix A, SCOPE OF SERVICES.

5. FEES

A. Yanex Group, Inc. shall charge fees as described in Appendix B, PROFESSIONAL FEES.

6. STANDARD BUSINESS TERMS AND CONDITIONS

1. The standard business terms and conditions for complex interior design services provided by Yanex Group, Inc. are defined in Appendix C, STANDARD BUSINES TERMS AND CONDITIONS.

Enclosures: Appendices A, B, & C

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APPENDIX A - SCOPE OF SERVICES

Client: Ebby Kuriakose Moolayil, Pfaffenwaldring 48g-3, Stuttgart-Vaihingen, 70569, Germany

Project: Complex interior design project of residential building

Date: May 19, 2011

 

Yanex Group, Inc. will prepare complex interior design project of residential building which is described below. This project and the scope of services are generally defined herein. The services in this agreement are limited to the scope and terms defined herein and any additional services must be defined by a supplemental agreement.

1. Conspept interior project with 3D visualization and renderings.

A. Yanex Group, Inc. will create 3D visualisation of main areas of residential building with concept idea of colors, furniture composition and decorative elements as well. 3D visualization will be created in professional soft 3D MAX DESIGN 2011 to maximize the viewer’s perspective and provide the greatest degree of understanding of the project’s as a real-time human-going inside the building.

B. Rendering of interior design 3D vision will be provided for the all designed areas. For each area will be provided several (no less than four(4)) renderings with high resolution images of the final proposed construction up to 3000 pixels wide by up to 3000 pixels high. Yanex Group, Inc. will not be responsible for printing any images or for obtaining aerial photography for use in renderings    

C. Yanex Group, Inc. will revise, within reason, any elements of the 3D scene which were overlooked or elements which do not conform to the CLIENT data provided (furniture, details and so on).  Colors and textures may be altered after the draft rendering submission, at the request of the CLIENT, at no additional charge.  

D. After making all specified corrections and/or changes to the 3D scene, Yanex Group, Inc. will present final renderings for approval by the CLIENT.  

E. Yanex Group, Inc. will not be responsible for post-production requirements such as dialogue.

2. Blue prints documentation.

A. Yanex Group, Inc. will provide fully detailed blue prints documentation of all areas, details, decorative elements. Types of blue prints which are going to be provided for each room:

- Architectural measurements plan;

- Furniture plan;

- Floor plan with coatings;

- Ceiling plan;

- Electrical wiling plan;

- Binding sockets plan;

- Binding switches plan;

- Longitudinal and Transverse cross-sections;

- Wall scanning details.

B. In addition finishing materials specification will be provided.

3. Product delivery

A. Yanex Group, Inc. will provide the CLIENT with the following products as delivery on the professional services provided.

1. No less than (4) four high-resolution still renderings from 3D scene of the proposed residential building in JPG format on a CD.

2. Completed album of blue prints documentation with specifications for each room. 

3. Pending any further contractual agreements the responsibility of Yanex Group, Inc. will end at this point. 

B. Yanex Group, Inc. will not be responsible for CLIENT delays in providing structural approval of renderings.  If CLIENT does not provide structural approval or corrections of rendered building within 7 calendar days, Yanex Group, Inc. will assume no responsibility for making changes and will continue with project as scheduled.  Further changes after 7 days may be billed at an additional cost to CLIENT.

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APPENDIX B – PROFESSIONAL FEES

Client: Ebby Kuriakose Moolayil, Pfaffenwaldring 48g-3, Stuttgart-Vaihingen, 70569, Germany

Project: Complex interior design project of residential building

Date: May 19, 2011

The following are professional fees estimates ((TME) Time/Materials/Expenses Billings) for the project represented in this agreement as defined in Appendix A – Scope of Services herein.  All other services are excluded.

1. Fees

A. Total Fees for Item No. 1 (Scope of Services): $7,126.20 payable as follows:   

                                                                         

   $3,563.10 50% Deposit (Notice to Proceed)

   $3,563.10 Upon completion of the items noted in Appendix A

Total estimate price of $7,126.20 comprises of the following areas to be designed:

				
	Name of designed area

	Square, m2

	Price, $ per 1 m2

	Total price

	Underground floor

	Wine cellar

	12,59

	30

	377,70

	Ground floor

	Lounge 

	38,25

	30

	1147,50

	Orangery

	16,63

	30

	498,90

	Kitchen, dining-room

	24,50

	30

	735,00

	Hall

	28,78

	30

	863,40

	Living room 1

	21,99

	30

	659,70

	Bathroom

	8,72

	30

	261,60

	First floor

	Hall

	13,73

	30

	411,90

	Living room 2

	22,96

	30

	688,80

	Living room 3

	24,50

	30

	735,00

	Living room 4

	22,08

	30

	662,40

	Bathroom

	2,81

	30

	84,30

	Total

	237,54

	30

	7126,20

B. Hourly fees of $50 per hour for additional services not included in Appendix A (Scope of Services), to be billed monthly as charges are incurred.

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APPENDIX C – STANDARD BUSINESS TERMS AND CONDITIONS 

Client: Ebby Kuriakose Moolayil, Pfaffenwaldring 48g-3, Stuttgart-Vaihingen, 70569, Germany 

Project:  Complex interior design project of residential building

Date: May 19, 2011

These Standard Business Terms and Conditions are attached to and made a part of this Proposal and Agreement for Complex Interior Design Project by Yanex Group, Inc. for the Client.

1. Information to be provided by Client

Client must provide all information about the structure and materials/textures as necessary to create each scene.  This is generally the same information required by artists for hand renderings; including all plans, elevations, color chips, and material samples.  At the client's request, Yanex Group, Inc. will use its best judgment to illustrate areas where information is missing, but cannot be held responsible for any changes caused by its judgments or from missing information.

2.  Colors and Materials

Yanex Group, Inc. will use its best effort to accurately match color information and materials which are suitable for creating the best design view according to interior design idea. Client recognizes, however, that colors and materials can vary from the 3D scene information due to lighting conditions and the specific printer and/or display device used to display the image.  Reasonable variations from supplied color data material representation are to be expected.

3.  Client Reviews and Changes

If there will be any changes (in plan modification, architectural elements, colors and so on) after Client approving, they are billed at a fee of 20 % from initial amount for each m2. 

After receipt of all client-supplied information, Yanex Group, Inc. will complete the work required under this contract to the best of its knowledge and ability. All scenes will represent Yanex Group, Inc..’s best effort and skill for design interpretation and aesthetics given the available information, time and cost constraints defined herein. 

Yanex Group, Inc. will show 3D scene and deliver to CLIENT the first renderings. Than Client will promptly review the renderings for correspondence of new design vision and notify Yanex Group, Inc. in writing within 3 business days of changes, if any, which Client feels, are essential to the success of the presentation.  Yanex Group, Inc. will make the requested changes according to the terms specified in this agreement.  YANEX GROUP will deliver the final renderings, 3D scene, and complete blue prints documentation to the CLIENT by DVD.  Yanex Group, Inc. reserves the right to utilize a watermark on the renderings and blue print documentation until receipt of final payment, at which time Yanex Group, Inc. will deliver the final renderings and blue print documentation without a watermark.

4.  Payment Schedule

The continuous progress of Yanex Group, Inc.’s services requires prompt payment.  Whenever CLIENT requests YANEX GROUP to incorporate design changes beyond the scope of services specified in this agreement, YANEX GROUP reserves the right to bill CLIENT monthly for this additional work only.  We may, after seven (7) calendar days notice to Client, suspend services under this agreement until we have been paid in full for all amounts due for our services and expenses. No new work or additions will be commenced until previously agreed payments for design changes have been made in full.  

Final 50% payment is due upon final 3D scene presentation, renderings and blue print documentation.

  

All payments shall be made to: Yanex Group, Inc. 

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5.  Time/Materials/Expenses Billings (TME)

A TME estimate is for information purposes only.  Actual fee may be more or less and based on the rates in effect at the time services are rendered. TME billings will be based on the hourly rate schedule in effect at the time services are offered.

6.  Use for Demonstration Purposes

Any and all renderings,3D scene, and blue prints  may be used by Yanex Group, Inc. for demonstration or marketing purposes.

7.  Attorney Fees

Should litigation arise, related to services under this Agreement, the prevailing party is entitled to recover reasonable costs including staff time, court costs, attorney fees and related expenses. The venue for all suits shall be QC, Canada.

8.  Taxes

Any government imposed taxes shall be added to the invoice for services under this Agreement.

9.  Cooperation with Other Consultants or Client's Attorney

Due to the various laws, rules and ordinances relating to Projects of this nature, legal counsel may be required which is excluded from this Agreement.  Client is expected to retain an attorney as needed for advice and participation as a professional team member. 

10.  Termination

This Agreement and obligation to provide further service may be terminated by either party upon Ten (10) days written notice in the event of substantial failure by the other party to perform hereof through no fault of the terminating party.

11.  Renegotiation of Fees

Yanex Group, Inc. reserves the right to renegotiate fixed fees to reflect changes in price indices and pay scales applicable to the period when services are, in fact, being rendered.

12.  Legal Interpretations Clarified

The services proposed herein are based on the work of professional computer designer, and does not constitute the rendering of legal advice or opinion.  Interpretations of laws, rules, and ordinances are based solely on the professional opinion of the Client’s Counsel or hired Consultant’s.  The Client and/or Owner are advised to secure adequate legal counsel as needed for the project.

13.  Project Delays

The Client recognizes and agrees that various factors both within and without the control of Yanex Group, Inc. can operate to delay our work, and the overall completion of the project.  The Client agrees that it shall not be entitled to any claim for damages on account of hindrances or delays from any cause whatsoever including, but not limited to: the production of digital images; post-production; beginning or completion of designing; or, performance of any phase of the work pursuant to this Agreement.

14.  Limitation of Damages

YANEX GROUP, INC.’s complete liability for damages incurred, of any nature, shall not exceed the total contract fee as specified herein.

15.  Entire Understanding

This Proposal/Agreement represents the entire understanding between Client and Yanex Group, Inc. in respect to this Project.

/S/ Ebby Kariakose Moolayil                                                                  /S/ Alexander Yanov

Ebby Kariakose Moolayil                                                                           Alexander Yanov, President

                                                                                                                     Yanex Group, Inc

5BIO-6.282011-EX10

Exhibit 10.1

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (the “Agreement”) dated _________________, is by and between Bio-Rad Laboratories, Inc., a Delaware corporation (the “Company”), and _________________________ (the “Indemnitee”). 

RECITALS

A.    The Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance. 

B.    The Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting directors, officers and key employees to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. 

C.    Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee and agents of the Company may not be willing to continue to serve as agents of the Company without additional protection. 

D.    The Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law. 

In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, receipt of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows: 

AGREEMENT

1.Indemnification. 

(a)    Third Party Proceedings. The Company shall indemnify Indemnitee if Indemnitee was, is, or is threatened to be made a party to or a participant (as a witness or otherwise) in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by

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Indemnitee in connection with such action, suit or proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe Indemnitee's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal action or proceeding, that Indemnitee had reasonable cause to believe that Indemnitee's conduct was unlawful. 

(b)    Proceedings By or in the Right of the Company. The Company shall indemnify Indemnitee if Indemnitee was, is, or is threatened to be made a party to or a participant (as a witness or otherwise) in any threatened, pending or completed action or proceeding by or in the right of the Company or any subsidiary of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees) and, to the fullest extent permitted by law, amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld), in each case to the extent actually and reasonably incurred by Indemnitee in connection with the defense or settlement of such action or suit if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and its stockholders, except that no indemnification shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudicated by court order or judgment to be liable to the Company in the performance of Indemnitee's duty to the Company and its stockholders unless and only to the extent that the court in which such action or proceeding is or was pending shall determine upon application that, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper. 

(c)    Mandatory Payment of Expenses. To the extent that Indemnitee has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 1(a) or Section 1(b) or the defense of any claim, issue or matter therein, Indemnitee shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by Indemnitee in connection therewith. 

2.No Employment Rights. Nothing contained in this Agreement is intended to create in Indemnitee any right to continued employment. 

3.Expenses; Indemnification Procedure. 

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(a)    Advancement of Expenses. Except as otherwise provided in this Agreement, at the written request of Indemnitee, the Company shall advance all expenses incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or criminal action, suit or proceeding referred to in Section l(a) or Section 1(b) hereof (including amounts actually paid in settlement of any such action, suit or proceeding). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. 

(b)    Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to his or her right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the Company shall be directed to the General Counsel of the Company and shall be given in accordance with the provisions of Section 12(d) below. In addition, Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee's power. 

(c)    Procedure. Any indemnification and advances provided for in Section 1 and this Section 3 shall be made no later than thirty (30) days after receipt of the written request of Indemnitee unless a determination is made within said thirty (30) day period that Indemnite has not met the relevant standards for indemnification set forth in this Agreement. Such a determination shall be made, at the election of the Company's board of directors, (i) by a majority vote of disinterested directors, even if less than a quorum, (ii) by a committee of disinterested directors designated by a majority vote of the disinterested directors, even if less than a quorum, (iii) by independent legal counsel in a written opinion (which counsel shall be appointed by a quorum of the board of directors, or (iv) by the shareholders of the Company. For purposes of this section, disinterested directors are those members of the Company's board of directors who are not parties to the proceeding in respect of which indemnification is being sought by Indemnitee.

If a claim under this Agreement, under any statute, or under any provision of the Company's Certificate of Incorporation or Bylaws providing for indemnification, is not paid in full by the Company within thirty (30) days after a written request for payment thereof has first been received by the Company, Indemnitee may, but need not, at any time thereafter bring an action against the Company to recover the unpaid amount of the claim and, subject to Section 11 of this Agreement, Indemnitee shall also be entitled to be paid for the expenses (including attorneys' fees) of bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance of its final disposition) that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed, but the burden of proving such defense shall be on the Company and Indemnitee shall be entitled to receive interim payments of expenses pursuant to Section 3(a) unless and until such defense may be finally adjudicated by court order or judgment from which no further right of appeal exists. It is the parties' intention that if the 

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Company contests Indemnitee's right to indemnification, the question of Indemnitee's right to indemnification shall be for the court to decide, and neither the failure of the Company (including its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct required by applicable law, nor an actual determination by the Company (including its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable standard of conduct. 

(d)    Notice to Insurers. If, at the time of the receipt of a notice of a claim pursuant to Section 3(b) hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

(e)    Selection of Counsel. In the event the Company shall be obligated under Section 3(a) hereof to pay the expenses of any proceeding against Indemnitee, the Company will be entitled to participate therein at its own expense, and, except as otherwise provided below, the Company may assume the defense thereof, with counsel selected by the Company but satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of a proceeding, the Company will not be liable to Indemnitee under this Agreement for any expenses subsequently incurred by Indemnitee in connection with the defense thereof, other than as provided below. Indemnitee shall have the right to employ counsel in any proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense of the proceeding shall be at the expense of Indemnitee, unless (i) the employment of counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of a proceeding or (iii) the Company shall not in fact have employed counsel to assume the defense of a proceeding, in each of which cases the fees and expenses of Indemnitee's counsel shall be advanced by the Company. Notwithstanding the foregoing, the Company shall not be entitled to assume the defense of any proceeding brought by or in the right of the Company.

(f)    Settlement.  The Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any proceeding effected without its written consent. The Company shall not settle any proceeding in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee's written consent. Neither the Company nor Indemnitee will unreasonably withhold consent to any proposed settlement.

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4.Additional Indemnification Rights; Nonexclusivity. 

(a)    Scope.   Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company's Certificate of Incorporation, the Company's Bylaws or by statute. In the event of any change, after the date of this Agreement, in any applicable law, statute, or rule which expands the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes shall be deemed to be within the purview of Indemnitee's rights and the Company's obligations under this Agreement. In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement shall have no effect on this Agreement or the parties' rights and obligations hereunder. 

(b)    Nonexclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company's Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested members of the Company's Board of Directors, the General Corporation Law of the State of Delaware, or otherwise, both as to action in Indemnitee's official capacity and as to action in another capacity while holding such office. The indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though he or she may have ceased to serve in any such capacity at the time of any action, suit or other covered proceeding. 

5.Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the expenses, judgments, fines or penalties actually or reasonably incurred in the investigation, defense, appeal or settlement of any civil or criminal action, suit or proceeding, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments, fines or penalties to which Indemnitee is entitled. 

6.Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, Federal law or public policy may override applicable state law and prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. For example, the Company and Indemnitee acknowledge that the Securities and Exchange Commission (the “SEC”) has taken the position that indemnification is not permissible for liabilities arising under certain federal securities laws, and federal legislation prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the Company's right under public policy to indemnify Indemnitee. 

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7.Officer and Director Liability Insurance. The Company shall, from time to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer; or of the Company's key employees, if Indemnitee is not an officer or director but is a key employee. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a parent or subsidiary of the Company. 

8.Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company's inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as provided in this Section 8. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 

9.Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 

(a)    Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 of the Delaware General Corporation Law (unless a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous), but such indemnification or advancement of expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate; 

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(b)    Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee resulting from Indemnitee's conduct that is finally adjudged to have been willful misconduct, knowingly fraudulent or deliberately dishonest; 

(c)    Insured Claims; Other Indemnity Provisions. To indemnify Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the extent payment for such expenses or liabilities has been received by or on behalf of Indemnitee under any insurance policy or other indemnity provision; or 

(d)    Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute or similar provisions of any federal, state or local statutory law; or
(e)    Final Determination. To make payment to Indemnitee pursuant to this Agreement if a court of competent jurisdiction finally determines that such payment hereunder is unlawful.

10.Construction of Certain Phrases. 

(a)     For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

(b)    For purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

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11.Attorneys' Fees. In the event that any action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys' fees, incurred by Indemnitee with respect to such action, unless as a part of such action, the court of competent jurisdiction determines that each of the material assertions made by Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an action instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid all court costs and expenses, including attorneys' fees, incurred by Indemnitee in defense of such action (including with respect to Indemnitee's counterclaims and cross-claims made in such action), unless as a part of such action the court determines that each of Indemnitee's material defenses to such action were made in bad faith or were frivolous. 

12.Miscellaneous. 

(a)    Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflict of law. 

(b)    Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

(c)    Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 

(d)    Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by telegram or fax, or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party's address as set forth below or as subsequently modified by written notice. 

(e)    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. 

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(f)    Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns, and inure to the benefit of Indemnitee and Indemnitee's heirs, legal representatives and assigns. 

(g)    Subrogation. In the event of payment under this Agreement, the Company 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 the Company to effectively bring suit to enforce such rights. 

The parties hereto have executed this Agreement as of the day and year set forth on the first page of this Agreement. 

	
			
	BIO-RAD LABORATORIES, INC.    
	 
	INDEMNITEE

	a Delaware corporation
	 
	AGREED TO AND ACCEPTED

	By: ______________________
	 
	_____________________________

	Name: ___________________
	 
	Name: _______________________

	Title: ____________________
	 
	 

	 
	 
	 

	 
	 
	 

	Address: 1000 Alfred Nobel Drive
	 
	Address: _____________________

	               Hercules, CA 94547
	 
	_____________________________

	 
	 
	 

    
                

            
            

            
                               

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