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HBI » Topics » General Indemnification Provisions

This excerpt taken from the HBI 8-K filed Sep 5, 2006.

General Indemnification Provisions

We will indemnify Sara Lee and its affiliates, agents, successors and assigns from all liabilities (other than liabilities related to tax, which are solely covered by the tax sharing agreement) arising from:

 

  •   our failure to pay, perform or otherwise promptly discharge any of our liabilities;

 

  •   our business;

 

  •   any breach by us of the master separation agreement or any of the ancillary agreements; and

 

  •   any untrue statement of a material fact or any omission to state a material fact required to be stated with respect to the information contained in our registration statement or in this information statement (other than the portions related to Sara Lee).

Sara Lee will indemnify us and our affiliates, agents, successors and assigns from all liabilities (other than liabilities related to tax, which are solely covered by the tax sharing agreement) arising from:

 

  •   Sara Lee’s failure to pay, perform or otherwise promptly discharge any of Sara Lee’s liabilities;

 

  •   Sara Lee’s business;

 

  •   any breach by Sara Lee of the master separation agreement or any of the ancillary agreements; and

 

  •   any untrue statement of a material fact or any omission to state a material fact required to be stated with respect to the information contained in our registration statement or in this information statement with respect to portions related to Sara Lee.
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