Common use of Main Terms and Conditions Clause in Contracts

Main Terms and Conditions. of the Deposit Agreement 2.01 Number of the deposit account   2.02 Currency of the deposit   2.03 Amount of the deposit   2.04 Term of the deposit 12 (twelve) months 2.05 Number of interest accrual account   2.06 Type of interest rate fixed 2.07 Annual interest rate   2.08 Effective interest rate   2.09 Periodicity of interest accrual   2.10 Financial expenses Commission fee for Withdrawal of amount deposited in non-cash way   of deposit principal amount Commission fee for Withdrawal of interest accrued to the deposit amount   of accrued interest amount Adding money to the Deposit amount is inadmissible. Interest is calculated daily for 365 days in a year, on the deposit amount. In case of monthly accrual, interest shall be accrued monthly on the day relevant to the day the deposit became effective. In case of accrual at the end of the term, interest shall be accrued on the last day of the term of the Deposit, if the day of accrual coincides with non-working day, bank is able to perform accrual on the following day. Deposit/withdrawal of amount and accrual/withdrawal of interest shall be held through the account used for the interest accrual. In case of breaching the Deposit agreement by the Depositor before the agreed term, if the termination of the agreement is carried out: a) Within the first calendar month from the date of entering into force, interest shall not be accrued on the Deposit amount, herewith from the deposit amount will be subtracted accrued and interest paid by the bank in advance (if so) and penalty 0,25 % of the Deposit amount for breaching.   From the date of entering into force,  after 1 (one) calendar month, within next 2 (two) calendar month, interest shall be accrued on the deposit amount according to interest rate of saving deposit on the day of termination of the agreement from the date of entry into force of the agreement until the date of termination.  after 3 (three) calendar months from its entry into force, interest of the relevant maturity flex deposit, established in the bank at the moment of breaching shall accrue on the deposit, for each full calendar month. In case of incomplete month the interest shall not accrue. In case of using Depositors’ accounts opened in the Bank in order to secure obligation according to the legislation of Georgia, agreement shall not prolong. Herewith, the Bank is empowered and free to refuse unilaterally to prolong the agreement. The bank has right to change any term and condition of the agreement, except the interest rate, standard terms and conditions of the banking operations and/or rates of the bank unilaterally. In case of change of the significant terms of the agreement, the client will be informed at least 2 (two) months before the change, in case of increasement of price of another financial product - at least one month in advance by written / e-mail / Internet Banking / short text message. If the present deposit (right of claim) is pledged in favor of the bank, in order to secure fully and duly performance of the obligations taken by the depositor and/or by third parties and performance of the obligations became mature, the bank has right to unilaterally terminate the deposit agreement, without additional consent of the depositor, in order to use the deposit amount and accrued interest for fulfilment the bank’s mature claim.

Main Terms and Conditions. of the Deposit Agreement 2.01 Number of the deposit account   2.02 Currency of the deposit   2.03 Amount of the deposit   2.04 Term of the deposit 12 (twelve) months 2.05 Number of interest accrual account   2.06 Type of interest rate fixed 2.07 Annual interest rate   2.08 Effective interest rate   2.09 Periodicity of interest accrual   2.10 Financial expenses Commission fee for Withdrawal of amount deposited in non-cash way   of deposit principal amount Commission fee for Withdrawal of interest accrued to the deposit amount   of accrued interest amount Adding money to the Deposit amount is inadmissible. Interest is calculated daily for 365 days in a year, on the deposit amount. In case of monthly accrual, interest shall be accrued monthly on the day relevant to the day the deposit became effective. In case of accrual at the end of the term, interest shall be accrued on the last day of the term of the Deposit, if the day of accrual coincides with non-working day, bank is able to perform accrual on the following day. Deposit/withdrawal of amount and accrual/withdrawal of interest shall be held through the account used for the interest accrual. In case of breaching the Deposit agreement by the Depositor before the agreed term, if the termination of the agreement is carried out: a) Within the first calendar month from the date of entering into force, interest shall not be accrued on the Deposit amount, herewith from the deposit amount will be subtracted accrued and interest paid by the bank in advance (if so) and penalty 0,25 % of the Deposit amount for breaching.   From the date of entering into force,  after 1 (one) calendar month, within next 2 (two) calendar month, interest shall be accrued on the deposit amount according to interest rate of saving deposit on the day of termination of the agreement from the date of entry into force of the agreement until the date of termination.  after 3 (three) calendar months from its entry into force, interest of the relevant maturity flex deposit, established in the bank at the moment of breaching shall accrue on the deposit, for each full calendar month. In case of incomplete month the interest shall not accrue.   In case of using Depositors’ accounts opened in the Bank in order to secure obligation according to the legislation of Georgia, agreement shall not prolong. Herewith, the Bank is empowered and free to refuse unilaterally to prolong the agreement. The bank has right to change any term and condition of the agreement, except the interest rate, standard terms and conditions of the banking operations and/or rates of the bank unilaterally. In case of change of the significant terms of the agreement, the client will be informed at least 2 (two) months before the change, in case of increasement of price of another financial product - at least one month in advance by written / e-mail / Internet Banking / short text message. If the present deposit (right of claim) is pledged in favor of the bank, in order to secure fully and duly performance of the obligations taken by the depositor and/or by third parties and performance of the obligations became mature, the bank has right to unilaterally terminate the deposit agreement, without additional consent of the depositor, in order to use the deposit amount and accrued interest for fulfilment the bank’s mature claim.

Main Terms and Conditions. of the Deposit Agreement 2.01 Number of the deposit account   2.02 Currency of the deposit   2.03 Amount of the deposit   2.04 Term of the deposit 12 (twelve) months 2.05 Number of interest accrual account   2.06 Type of interest rate fixed 2.07 Annual interest rate   2.08 Effective interest rate   2.09 Periodicity of interest accrual   2.10 Financial expenses Commission fee for Withdrawal of amount deposited in non-cash way   of deposit principal amount Commission fee for Withdrawal of interest accrued to the deposit amount   of accrued interest amount amount 2.11 effective interest rate of the deposit, In case of probable annual 15% appreciation of GEL:   Adding money to the Deposit amount is inadmissible. Interest is calculated daily for 365 days in a year, on the deposit amount. In case of monthly accrual, interest shall be accrued monthly on the day relevant to the day the deposit became effective. In case of accrual at the end of the term, interest shall be accrued on the last day of the term of the Deposit, if the day of accrual coincides with non-working day, bank is able to perform accrual on the following day. Deposit/withdrawal of amount and accrual/withdrawal of interest shall be held through the account used for the interest accrual. In case of breaching the Deposit agreement by the Depositor before the agreed term, if the termination of the agreement is carried out: a) Within the first calendar month from the date of entering into force, interest shall not be accrued on the Deposit amount, herewith from the deposit amount will be subtracted accrued and interest paid by the bank in advance (if so) and penalty 0,25 % of the Deposit amount for breaching.   From the date of entering into force,  after 1 (one) calendar month, within next 2 (two) calendar month, interest shall be accrued on the deposit amount according to interest rate of saving deposit on the day of termination of the agreement from the date of entry into force of the agreement until the date of termination.  after 3 (three) calendar months from its entry into force, interest of the relevant maturity flex deposit, established in the bank at the moment of breaching shall accrue on the deposit, for each full calendar month. In case of incomplete month the interest shall not accrue.   In case of using Depositors’ accounts opened in the Bank in order to secure obligation according to the legislation of Georgia, agreement shall not prolong. Herewith, the Bank is empowered and free to refuse unilaterally to prolong the agreement. The bank has right to change any term and condition of the agreement, except the interest rate, standard terms and conditions of the banking operations and/or rates of the bank unilaterally. In case of change of the significant terms of the agreement, the client will be informed at least 2 (two) months before the change, in case of increasement of price of another financial product - at least one month in advance by written / e-mail / Internet Banking / short text message. If the present deposit (right of claim) is pledged in favor of the bank, in order to secure fully and duly performance of the obligations taken by the depositor and/or by third parties and performance of the obligations became mature, the bank has right to unilaterally terminate the deposit agreement, without additional consent of the depositor, in order to use the deposit amount and accrued interest for fulfilment the bank’s mature claim.