10Indemnity before issue of substituted certificates, etc
Notwithstanding anything in section 13 of the [1845 c. 16] Companies Clauses Consolidation Act 1845 the Company shall not be under any obligation to issue a new certificate of any share in lieu of any certificate lost or destroyed, or alleged to be lost or destroyed, until they have received in respect thereof from the person to whom such new certificate is to be issued such indemnity as the directors may require against any and every claim or expense which may be made against the Company or which the Company may incur.