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Company as a Director, representative, Director, officer, partner, venturer, proprietor, trustee,
employee, agent or similar functionary of another foreign or domestic limited liability company,
corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other
enterprise against any expense, liability or loss, whether or not the Company would have the
power to indemnify such person against such expense, liability or loss under this Article IX.
9.9 Savings Clause. If this Article IX or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall nevertheless
indemnify and hold harmless each person indemnified pursuant to this Article IX as to costs,
charges and expenses (including reasonable attorneys’ fees), judgments, fines and amounts paid
in settlement with respect to any such Proceeding, appeal, inquiry or investigation to the full
extent permitted by any applicable portion of this Article IX that shall not have been invalidated
and to the fullest extent permitted by applicable law.
ARTICLE X
SRO FUNCTION
10.1 Preservation of Independence.
(a) For so long as the Company shall, directly or indirectly, control any Exchange
Subsidiary, the Member and the officers, employees and agents of the Company shall give due
regard to the preservation of the independence of the self-regulatory function of such Exchange
Subsidiary, as well as to its obligations to investors and the general public and shall not take any
actions that would interfere with the effectuation of any decisions by a board of directors of an
Exchange Subsidiary relating to its regulatory functions (including disciplinary matters) or which
would interfere with the ability of such Exchange Subsidiary to carry out its responsibilities
under the Exchange Act.
(b) To the fullest extent permitted by law, no present or past member of the
Company, employee, beneficiary, agent, customer, creditor, regulatory authority (or member
thereof) or other person shall have any rights against the Company or any manager, officer,
employee or agent of the Company under this Section 10.01.
10.2 Compliance with Securities Laws; Cooperation with the SEC.
(a) The Company shall comply with the U.S. federal securities laws and the rules and
regulations thereunder and shall cooperate with the SEC and each Exchange Subsidiary, as
applicable, pursuant to and to the extent of their respective regulatory authority. The officers,
directors, employees and agents of the Company, by virtue of their acceptance of such position,
shall be deemed to agree (x) to comply with the U.S. federal securities laws and the rules and
regulations thereunder and (y) to cooperate with the SEC and each Exchange Subsidiary in
respect of the SEC’s oversight responsibilities regarding the Exchange Subsidiaries and the self-
regulatory functions and responsibilities of the Exchange Subsidiaries. The Company shall take
reasonable steps necessary to cause its officers, employees and agents to so cooperate.