For reasons of speed and convenience in the operations of my [our] account with ETIQA FINANCE, I [we] hereby give you my [our] firm Instructions to honour my [our] e-mail/telefax concerning my [our] transactions with you, from me [us]. It may not always be possible for me [us] to confirm my [our] instructions in writing, but I [we] will use my [our] best endeavours to do so.

(a) I [We] hereby undertake not to hold you liable and shall indemnify ETIQA FINANCE LTD against all losses, costs, damages and expenses, which ETIQA FINANCE LTD may incur or sustain in consequence of its acting as herein requested.

(b) Where e-mail/telefax instructions are subsequently confirmed in writing and if there is conflict between ETIQA FINANCE's interpretation of the e-mail/telefax instructions and the written instructions later received, ETIQA FINANCE LTD shall be entitled to rely on the e-mail/telefax instructions first received without any liability for any mistake or error.

(c) That I [we] hereby undertake to indemnify ETIQA FINANCE LTD from all actions, proceedings, demands, losses, costs, damages and expenses which it may incur as a result of accepting an e-mail/telefax instruction which bears a signature of reasonable likeness to my [our] own even if it is subsequently proved to be forged and/or otherwise irregular.

(d) I [We] agree to perform and ratify any contracts entered by ETIQA FINANCE LTD on our behalf. This indemnity shall remain effective until duly cancelled by me [us] by a notice in writing and delivered to ETIQA FINANCE LTD at its registered address during office hours.

(e) This indemnity shall cover all accounts now and, in the future, opened in my [our] name. This Indemnity shall be governed by the laws of the Federal Republic of Nigeria.