Individual Account Opening Form

Agreement

Check this box to approve the agreement below.

For reasons of speed and convenience in the operations of my [our] account with TRUSTARTHUR, 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. I [We] hereby authorize you to accept and execute, immediately, all requests and instructions that you receive from me [us] by email/telefax which bear my [our] signature but being aware of the risks that arise from your so acting.

I [we] confirm as follows:

(a) I [We] hereby undertake not to hold you liable and shall indemnify TRUSTARTHUR LTD against all losses, costs, damages and expenses, which TRUSTARTHUR LTDmay incur or sustain in consequence of its acting as herein requested. TRUSTARTHUR LTD is hereby absolved of any/all liabilities for any mistake arising from misunderstanding or misinterpretation thereof, errors in transmission or regarding the authorised signatory (ies) or abuse by unauthorised parties.
(b) Where e-mail/telefax, instructions are subsequently confirmed in writing and if there is conflict between TRUSTARTHUR's interpretation of the e-mail/telefax instructions and the written instructions later received, TRUSTARTHUR 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 TRUSTARTHUR LTDfrom 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 TRUSTARTHUR LTD on our behalf and/or any action taken by it as a result of any such communications made or purporting to be made by my [our] authorized representatives and believed by TRUSTARTHUR LTD to have been so made. This assumption of risk by TRUSTARTHUR LTD shall extend to communications made or purported to be made by any attorneys now or hereafter appointed from me to me by me [us] and honestly believed by TRUSTARTHUR LTD to have been so made on my [our] behalf. We hereby undertake to indemnify TRUSTARTHUR LTD from all losses emanating there from.
(e) I [We] acknowledge that notwithstanding the foregoing, TRUSTARTHUR LTD may at anytime at its absolute discretion decline to execute any instruction or request given by me [us] via e-mail/telefax notwithstanding that at the me of such instruction or request, TRUSTARTHUR's employee receiving such instruction or request may have formerly accepted to act on such instructions or request.
(f) I [We] confirm that I [We] have referred this document to my [our] solicitor who has satisfactorily explained the effects of the terms therein and I [We] agree to abide by the terms.
(g) This indemnity shall remain effective until duly cancelled by me [us] by a notice in writing and delivered to TRUSTARTHUR LTD at its registered address during office hours.
(h) 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.

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