Common use of Directors’ liability Clause in Contracts

Directors’ liability. A copy of the Articles of Incorporation --------------------- of the Company is on file with the Secretary of State of the State of Maryland, [and notice is hereby given that this instrument is executed on behalf of the Directors of the Company as Directors and not individually and that the obligations of this instrument are not binding upon any of the Directors, officers or Shareholders of the Company individually, but binding only upon the assets and property of the Company].

Directors’ liability. A copy of the Articles of --------------------- Incorporation --------------------- of the Company is on file with the Secretary of State of the State of Maryland, [and notice is hereby given that this instrument is executed on behalf of the Directors of the Company as Directors and not individually and that the obligations of this instrument are not binding upon any of the Directors, officers or Shareholders of the Company individually, but binding only upon the assets and property of the Company].