25. Indemnity

25.1                  Definition of Liability and Officer

In this clause 25:

25.1.1              Liability means costs, losses, liabilities and expenses.

25.1.2              Officer means a Director, secretary or other officer of the Company.

25.1.3              References to Officers include references to former Officers.

25.2                  Indemnity of Officers

Every Officer of the Company must be indemnified out of the assets of the Company against any Liability incurred by that Officer in the person's capacity as an Officer of the Company by reason of any act or thing done or omitted to be done by that person in that capacity or in any way in the discharge of that person's duties or by reason of or relating to the person's status as an Officer of the Company, but excluding any Liability from or against which the Company is not permitted by the Act to exempt or indemnify the Officer.

25.3                  Indemnity for proceedings

Without limiting clause 25.2, every Officer of the Company must be indemnified out of the assets of the Company against any Liability incurred by that person in defending proceedings, whether civil or criminal, in respect of any act or thing done by the Officer in that person's capacity as such Officer but excluding any Liability from or against which the Company is not permitted by the Act to exempt or indemnify the Officer.