Indemnity

I hereby undertake to adequately indemnify and keep UCEE Microfinance Bank Limited (the Bank) fully indemnified against all damages, injuries, losses, costs and expenses whatsoever which may be incurred, suffered or sustained by the Bank as well as against all actions, proceedings or claims which may be brought against the Bank in consequence of the Bank granting the Indemnitor’s request to increase my daily NIP limit on NIBSS Instant Payment (NIP) up to a limit of N 5,000,000 (Five Million Naira). This Indemnity shall be a continuing and binding obligation on me until the Bank shall have effectively discharged me from any claims, costs, expenses, or liabilities in respect thereof.