Common use of Liability and Indemnification of Directors and Officers Clause in Contracts

Liability and Indemnification of Directors and Officers. 11 Section 5.1. Mandatory Indemnification 11 Section 5.2. Permissive Supplementary Benefits 11 Section 5.3. Definitions 11 ARTICLE VI CERTIFICATES FOR SHARES AND REGISTRATION OF THEIRTRANSFER 12 Section 6.1. Certificates for Shares 12 Section 6.2. Registration of Transfer of Shares 12 ARTICLE VII DISTRIBUTIONS AND SHARE ACQUISITIONS 13 Section 7.1. Distributions 13 Section 7.2. Acquisition of Shares 13 ARTICLE VIII CONTRACTS, LOANS, CHECKS AND DEPOSITS: SPECIAL CORPORATE ACTS 14 Section 8.1. Contracts 14 Section 8.2. Loans 14 Section 8.3. Checks, Drafts, Etc 14 Section 8.4. Deposits 14 ARTICLE IX FISCAL YEAR 14 ARTICLE X AMENDMENTS 15 Section 10.1. By the Board of Directors 15 BYLAWS OF IPS CELLS, INC.

Liability and Indemnification of Directors and Officers. 11 15 Section 5.1. Mandatory Indemnification 11 15 Section 5.2. Permissive Supplementary Benefits 11 15 Section 5.3. Definitions 11 15 ARTICLE VI CERTIFICATES FOR SHARES AND REGISTRATION OF THEIRTRANSFER 12 15 Section 6.1. Certificates for Shares 12 15 Section 6.2. Registration of Transfer of Shares 12 16 ARTICLE VII DISTRIBUTIONS AND SHARE ACQUISITIONS 13 16 Section 7.1. Distributions 13 16 Section 7.2. Acquisition of Shares 13 16 ARTICLE VIII CONTRACTS, LOANS, CHECKS AND DEPOSITS: SPECIAL CORPORATE ACTS 14 17 Section 8.1. Contracts 14 17 Section 8.2. Loans 14 17 Section 8.3. Checks, Drafts, Etc 14 17 Section 8.4. Deposits 14 18 ARTICLE IX FISCAL YEAR 14 18 ARTICLE X AMENDMENTS 15 18 Section 10.1. By the Board of Directors 15 18 Section 10.2. By the Shareholders 18 Section 10.3. Implied Amendments 18 BYLAWS OF IPS CELLS, INC.