Each party shall comply with all applicable laws, rules, regulations and governmental orders, now or hereafter in effect, relating to its performance under this Agreement.  For the avoidance of doubt, neither this Agreement nor the Biglari Entities' performance of Services hereunder is intended to cause the Biglari Entities to become subject to, or render the Biglari Entities responsible for compliance with, any laws, rules and regulations, including, without limitation, the federal securities laws, applicable to BH and as to which the Biglari Entities are not otherwise subject.