The Company hereby agrees and undertakes to indemnify the Bank and/or its officers and to
hold the Bank and/or its officers harmless against any and all losses, damages, costs, claims and
expense (including legal fees and expenses) which the Bank and/or its officers may sustain, suffer
or incur as a result of or pursuant to the use of the arrangements under this Indemnity Letter with
regard to instructions by such electronic mail, however arising or caused, whether the same shall
have been caused by omission of third parties (whether the intervention is by members of staff or
agent of the Company or not) provided only that the Bank acts in good faith.