Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ engaging in illegal activity; ▪ money laundering or financing of terrorism, or suspicion thereto; ▪ threats to agents of Finductive; ▪ defaulted payment; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) 5.2 above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder Parties is understood to mean, but not limited to: ▪  communication of false information; ▪  engaging in illegal activity; ▪  money laundering or financing of terrorism, or suspicion thereto; ▪  threats to agents of Finductive; ▪  defaulted payment; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ information • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account ▇▇▇▇▇▇’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) 5.2 above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder Parties is understood to mean, but not limited to: ▪  communication of false information; ▪  engaging in illegal activity; ▪  money laundering or financing of terrorism, or suspicion thereto; ▪  threats to agents of Finductive; ▪  defaulted payment; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪  communication of false information; ▪ information  engaging in illegal activity; ▪ activity  money laundering or financing of terrorism, or suspicion thereto; ▪ thereto  threats to agents of Finductive; ▪ Finductive  defaulted payment; ▪ payment  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean:  communication of false information  failure to comply with an obligation of this Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account ▇▇▇▇▇▇’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ • engaging in illegal activity; ▪ • money laundering or financing of terrorism, or suspicion thereto; ▪ • threats to agents of Finductive; ▪ • defaulted payment; ▪ • failure to comply with an obligation of this Contract; ▪ • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ • failure to comply with an obligation of this Contract; ▪ • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above;above;‌ ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment‌ • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ information • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedingsproceedings.‌ iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account ▇▇▇▇▇▇’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the ContractContract.‌ ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account ▇▇▇▇▇▇’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. ; In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ information engaging in illegal activity; ▪ activity money laundering or financing of terrorism, or suspicion thereto; ▪ thereto threats to agents of Finductive; ▪ Finductive defaulted payment; ▪ payment failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ information failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiproceedings Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. . Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪  communication of false information; ▪ information  engaging in illegal activity; ▪ activity  money laundering or financing of terrorism, or suspicion thereto; ▪ thereto  threats to agents of Finductive; ▪ Finductive  defaulted payment; ▪ payment  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪ information  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ information • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. ; In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ information engaging in illegal activity; ▪ activity money laundering or financing of terrorism, or suspicion thereto; ▪ thereto threats to agents of Finductive; ▪ Finductive defaulted payment; ▪ payment failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: communication of false information failure to comply with an obligation of this Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. . Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. ‌ i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity‌ • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean:‌ • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings.Contract.‌ iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account ▇▇▇▇▇▇’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder ▇▇▇▇▇▇ is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the ContractContract.‌ ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.