12. To the fullest extent permitted by MAHAPHANT’s charter documents and applicable law, MAHAPHANT agrees to defend and indemnify AAA (and its directors and shareholders) as well as the Nominee Directors (and its directors and shareholders) and hold AAA and the Nominee Directors harmless against any liability that AAA and/or the Nominee Directors incur as a director of the Company except for liabilities arising from the negligence, deliberate recklessness, willful misconduct or fraud of any of the Nominee Directors, and such indemnification shall continue even if AAA has ceased to provide the nominee director services, and the Nominee Directors have ceased to be an officer, director, trustee or agent of the Company.