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A. The Corparation shall defend, indemnify and hold its Directors and officers
<br />harmless from and against any loss, claim or damages asserted against such
<br />Director or officer, bv action in court or otherwise, bv reason of said Director or
<br />officer being or having been such a Director or officer for the Corporation to the
<br />fullest extent permitted under applicable Texas law. Provided, however, this
<br />indemnification clause is intended to cover onlv those acts or omissions that were
<br />made in good faith and without malicious or felonious intent.
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<br />B. The Corporation further agrees to indemnify, defend and hold the City of Paris,
<br />Texas, its elected officials, officers, and employees harmless from and against all
<br />claims and lawsuits for damages, injuries to persons (including death), property
<br />damages, including loss of use and expenses (including court costs and attorney's
<br />fees) arising out of or resulting from the negligent acts or omissions or intentional
<br />acts or omissions of the Corporation or its Directors, officers and employees. The
<br />Corporation shall waive any and all claims it may have against the City, it's
<br />elected officials, officers and employees connected with, resulting from, or arising
<br />out of, claims and suits covered by this indemnification provision, and agrees that
<br />any insurance carrier involved shall not be entitled to subrogation under any
<br />circumstances against the City of Paris, Texas, its officers, agents, and employees.
<br />C. Nothing herein shall be construed or interpreted as a waiver of the affirmative
<br />defenses of sovereign immunitv governmental immunity, or official immunitv as
<br />provided under Texas law.
<br />SECTION XII
<br />MISCELLANEOUS
<br />Section 12.01 Relation to Articles of Incorporation. These Bylaws are subject to, and
<br />governed by, the Articles of Incorporation.
<br />BYLAWS-PARIS ECONOMIC DEVELOPMENT CORPORATION
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