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3.Taxes
EachpartyshallberesponsibleforitsownValueAddedTax,GoodsandServicesTax,and/oranyothersimilartaxesandgovernmentalchargesorotherdeductions(collectively,”Taxes”).AllamountspayablebytheCompanytoSamsungSecuritiesunderthisEngagementLettershallbepaidfreeandclearof,andwithoutanydeductionorwithholdingfororonaccountofTaxesleviedinanyjurisdictionfromorthroughwhichpaymentismade,unlesssuchdedutionorwithholdingofTaxesisrequiredbyapplicablelaw,inwhicheventtheCompanywillprovideSamsungSecuritieswiththeoriginalwithholdingreceiptsissuedbytherelevanttaxauthority.
ⅢIndemnity
ThecompanyshallfullyindemnifyandholdharmlessSamsungSecurities(asagentoftheCompany)anditsaffiliatesandeachoftheirrespectivedirectors,officers,agents,contractorsandemployees(anyandallofwhichorwhomisreferredtoasan“IndemnifiedPerson”)fromandagainstanyandalllosses,claims,costs,damages,actions,proceedings,demands,liabilitiesandexpenseswhatsoever,jointorseveral(collectively“Claims”)whichanysuchIndemnifiedPersonmaysufferorincurinanyjurisdictionwhatsoveverandwhichrelatetoorarisefrom,directlyorindirectly,theengagementofSamsungSecuritieshereunderand/ortheprovisionbySamsungSecuritiesofanyservicecontemplatedhereunder,exceptandonlytotheextentthatsuchClaimsarefinallyjudiciallydeterminedtohaveresuitedfromthegrossnegligenceorwilfulmisconductoftheIndemnifiedPerson.
TheforegoingindemnitiesshallbeinadditiontoanyrightsthatSamsungSecuritiesoranyotherIndemnifiedPersonmayhaveatcommonlaworotherwiseandshallremaininfullforceandeffectregardlessofwhetherthisEngagementLetteristerminated.