Indemnity <ol> <li>Merchant will indemnify, defend and hold harmless Narrativ and its officers, directors, shareholders, employees and agents from and against any and all awards, settlement payments, fines and costs and expenses of defense (including reasonable attorneys’ fees and disbursements) (collectively, “<b> <u>Losses</u> </b>”) in connection with any third party claim to the extent arising from: . (i) any assertion that a Covered Merchant Property infringes or misappropriates any third party Intellectual Property Rights (except to the extent arising from the Narrative Technology).