Title Documents submission

ak5715e60199 SIXTEENTH THAT the Proprietors, and each of them, do jointly and severally agree to indemnify, defend and hold harmless the Trustees, the Committee of Managers and the Advisory Committee from and against all claims, causes of action, liabilities, fines, penalties, costs and expenses {including reasonable attorneys’ fees and litigation costs) arising out of or relating to the performance of their respective duties hereunder or the exercise of their respective rights and obligations hereunder, excepting only those claims, causes of action, liabilities, fines, penalties, costs and expenses arising out of or relating to the gross negligence or willful misconduct of an indemnified party, in which case the indemnified party who was grossly negligent or engaged in such willful misconduct shall not be indemnified hereunder, but all other indemnified parties shall be indemnified hereunder. SEVENTEENTH: THAT the Committee of Managers obtain and keep in force at all times, as an expense of the operation, maintenance and management of Llewellyn Park, an insurance policy or policies with a good and solvent insurer or insurers insuring the obligations of the Proprietors pursuant to Paragraph Sixteenth hereof and all other risks as the Committee of Managers shall elect, in such amounts and upon such terms as the Committee of Managers shall reasonably elect. EIGHTEENTH: THAT the Proprietors by affirmative vote of eighty percent of all eligible votes shall have the right to amend and modify the Deed of Trust and this First Amendment to Indenture at any time and from time to time, subject to the terms of Paragraph Fourteenth hereof, which may not be modified or amended in any manner except to further restrict same, and any amendment so adopted shall, upon the 22