Indemnity and Liability,1.The Client shall indemnify and keep indemnified the Company and its directors, officers,,employees or representatives against all direct or indirect liabilities (including without,limitation all losses, damages, claims, costs or expenses), incurred by the Company or any,other third party in respect to any act or omission by the Client in the performance of his/her,obligations under this Agreement and/or the liquidation of any financial instruments of the,Client in settlement of any claims with the Company, unless such liabilities result from gross,negligence, willful default or fraud by the Company. This indemnity shall survive termination,of this Agreement.