The Bank is hereby authorized to set off or apply any credit balance to which the Company is
entitled on any account maintained with the Bank in satisfaction of any sum due and payable
from us to the Bank hereunder but unpaid.
The Company fully acknowledges and accepts that the Bank and/or any of its officers, at its sole
discretion, may refuse to act upon any particular instruction by such electronic mail
communication and shall not be obligated to verify the authenticity of such electronic mail
therein. In case of damages arising from the proceeding pursuant to the electronic mail
communication, the Company hereby agrees to waive the right to claim or sue against the Bank
and/or any of its officers to be liable for any of such damages.
This Indemnity Letter shall be governed by and construed in accordance with the laws of
Thailand.
This Indemnity Letter shall remain in full force and effect until terminated by a written
instrument to be executed by the Company and the Bank.