Common use of Permissions and notices Clause in Contracts

Permissions and notices. The provisions of Turkish Commercial Code, and Capital Markets legislation and Banking legislation shall be observed with respect to those permissions to be obtained and the notices to be served as well as the procedures and terms for the convention of general assembly meetings, including the ones related to the amendments to the Articles of Incorporation. Article 55 - The accounting year of the Corporation shall start as of the first day of January, and end on the last day of December. The first accounting year shall exceptionally start as of the date of final incorporation of the Corporation, and end on the last day of December of the same year. Proposals Regarding the Balance Sheet, Profit and Loss Account, Annual Report, Distribution of Dividends Article 56 - At the end of each accounting year, Financial statements showing the general Financial situation of the Bank shall be drawn up in accordance with the format prescribed in the relevant legislation. The financial statements, consolidated financial statements, Annual Report of the Board of Directors, audit reports and the proposal of the Board of Directors for the distribution of the dividend shall be made available for the Quarterly Statement of Accounts Article 57 - Financial statements to be drawn up by the Corporation shall be sent to related authorities in line with the applicable legislation to which the Corporation is subject to. Distribution of Dividends Article 58 - After deducting all general expenses from the income arising from the operations of the Bank within a year, including premiums and bonuses and similar payments to the personnel of the Bank, and funds for all kinds of depreciations, as well as necessary provisions, the net profit obtained shall partly be

Permissions and notices. The provisions of Turkish Commercial Code, and Capital Markets legislation and Banking legislation shall be observed with respect to those permissions to be obtained and the notices to be served as well as the procedures and terms for the convention of general assembly meetings, including the ones related to the amendments to the Articles of Incorporation. Article 55 - The accounting year of the Corporation shall start as of the first day of January, and end on the last day of December. The first accounting year shall exceptionally start as of the date of final incorporation of the Corporation, and end on the last day of December of the same year. Proposals Regarding the Balance Sheet, Profit and Loss Account, Annual Report, Distribution of Dividends Article 56 - At the end of each accounting year, Financial statements showing the general Financial situation of the Bank shall be drawn up in accordance with the format prescribed in the relevant legislation. The financial statements, consolidated financial statements, Annual Report of the Board of Directors, audit reports and the proposal of the Board of Directors for the distribution of the dividend shall be made available for the inspection of the shareholders at the bank’s head office and branches not later than fifteen days prior to the ordinary General Assembly meeting. Among these items, the financial statements and consolidated statements shall be kept accessible for inspection by the shareholders at the Head Office and the branches for a period of one year. Each shareholder may request a copy of the income statement and balance sheet at the Bank’s expense. Quarterly Statement of Accounts Article 57 - Financial statements to be drawn up by the Corporation shall be sent to related authorities in line with the applicable legislation to which the Corporation is subject to. Distribution of Dividends Article 58 - After deducting all general expenses from the income arising from the operations of the Bank within a year, including premiums and bonuses and similar payments to the personnel of the Bank, and funds for all kinds of depreciations, as well as necessary provisions, the net profit obtained shall partly be