ON page 13 of the Info Booklet, I came across a somewhat bizarre...

ON page 13 of the Info Booklet, I came across a somewhat bizarre statement. It sets out that RBS and Bell Potter are to get underwriting fees on the Rights issue of $270,000 each. Nice for a few days work...but then there's a statement as follows:

"TIS has agreed to indemnify the Underwriters and others against their losses in connection with the Entitlement Offer"

Come again? So, is TIS underwriting the underwriters?
If so, why they getting a fee and what for?