Indemnified against the debt by the looks of it?EQR and European...

Indemnified against the debt by the looks of it?

EQR and European Tungsten will enter into a counter indemnity agreement (“Counter Indemnity”) with various
Oaktree entities (together, the “Beneficiaries”) to indemnify them in respect of certain liabilities that may arise
in the event of any calls on the Letter of Credit, which may occur in the event of a default under the Saloro
Bank Facilities (such events of default are summarised in Annexure A). European Tungsten will also grant
security over all of its shares in Saloro to the Beneficiaries as security for its obligations under the CounterIndemnity.