BUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF LOANS SECURED BY REAL ESTATE TO NATURAL PERSONS NON-ENTREPRENEURS. Article 1 Basic Provisions

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1 BUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF LOANS SECURED BY REAL ESTATE TO NATURAL PERSONS NON-ENTREPRENEURS Article 1 Basic Provisions 1. These Business Terms and Conditions for the Provision of Loans Secured by Real Estate to Natural Persons Non-Entrepreneurs (hereinafter referred to as the Business Terms and Conditions ) are Business Terms and Conditions of the bank UniCredit Bank Czech Republic and Slovakia, a.s., Želetavská 1525/1, Praha 4 - Michle, Company ID No.: , Register maintained by the Municipal Court in Prague, part: B, entry: 3608, organizational unit (branch of a foreign bank): UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky, Šancová 1/A, Bratislava, Company ID No.: , Register maintained by the District Court in Bratislava I, part: Po, entry: 2310/B (hereinafter referred to as the Bank ) and they regulate legal relationships of the Bank and the Borrower, or other persons in providing of Loans secured by the pledge right to domestic properties, in compliance with valid legal regulations and determine a part of the contents of the Loan Agreement and Pledge Agreement. 2. If the provisions of these Business Terms and Conditions differ from the provisions of the Loan Agreement and Pledge Agreement, the provisions of such agreements shall be decisive. If the provisions of these Business Terms and Conditions contain different regulation than the provisions of the Bank's General Business Terms and Conditions for Performance of Banking Deals (hereinafter referred to as the GBT&C ), the regulation stipulated herein shall have priority over the regulation contained in the GBT&C. These Business Terms and Conditions and the GBT&C are an inseparable part of a Loan Agreement and Security Agreement. Article 2 Definition of Basic Terms 1. The capitalised terms provided for in this Article, used anywhere in the text hereof, Loan Agreement, Pledge Agreement or in other documentation related to the Agreements shall have the meaning defined herein, namely regardless of whether they are provided in singular or plural, unless it is expressly excluded in these Business Terms and Conditions or in the agreements. Price List shall mean the Price List of Bank's Services for Citizens valid and effective in the current wording by Publication. Borrower shall mean an Applicant with whom the Bank entered into Loan Agreement and who was granted the Loan. Borrower shall include also person/persons who has/have undertaken towards the Bank to pay the Claim or the relevant part thereof on the basis of assumption of debt or

2 accession to obligation, or to whom passed or was transferred the obligation to pay the Claim or the relevant part thereof. The term Borrower shall also include Co-Borrower, unless expressly stipulated otherwise in these Business Terms and Conditions or in the Loan Agreement. The term Borrower shall also mean Borrower-Consumer, unless otherwise provided. Borrower Consumer shall mean a Borrower who is consumer pursuant to special legal regulations, particularly the Act No. 40/1964 Coll. Civil Code, Consumer Loan Act, Act No. 250/2007 Coll. on consumer protection, all of them as amended. Gross Margin shall mean the percentage interest rate per annum (per annum, abbrevation p.a.) stipulated by the Bank in the Loan Agreement. Collection Account shall mean the Account or the Settlement Account agreed in the Loan Agreement. Utilisation Deadline shall mean the deadline agreed in the Loan Agreement during which the Borrower shall be entitled (while simultaneously complying with the Utilisation Conditions) to ask the Bank for permission to utilise the Loan. The Bank can perform utilisation of the Loan even without Borrower's request, if agreed so in the Loan Agreement. Fixation Period shall mean the period during which the amount of the Interest Rate does not change; the length or way of determination of the period are agreed in the Loan Agreement. The first Fixation Period shall start on the day of conclusion of the Loan Agreement and ends on the next Payment Day after the expiry of the Fixation Period; each next Fixation Period shall start after the end of the preceding Fixation Period. Postponement of Loan Principal Instalments shall mean the period agreed in the Loan Agreement which shall start to pass after full utilisation of the Loan on the next following Payment Day. During this period the Borrower shall pay only Interest and Fees to the Bank. Payment Date shall mean the relevant day of calendar month, agreed in the Loan Agreement, when Instalment and Interest are payable. The relevant Fees shall also be due on the Payment Date, unless determined otherwise. Utilisation Conditions shall mean the terms and conditions agreed in these Business Terms and Conditions and in the Loan Agreement whose due and timely fulfilment is a condition precedent for the origin of the Bank's obligation to grant the Loan to the Borrower. Claim shall mean the total claim of the Bank and corresponding obligation of the Borrower arising from the Loan Agreement, which is created (claim/obligation) by the sum of the Loan Principal and Appurtenance. Fees Shall mean the fees specified in the Price List, a part of which related to the Loan is an inseparable part of the Loan Agreement; the amount of Fees applicable at the time of Loan Agreement conclusion shall be contained in the Loan Agreement. Default Event shall mean an event of breach of contractual obligation or contractual agreement on the part of the Borrower or origin of legal facts (even those, which will arise independently of the will of the Borrower), which are indicated as Default Event or additional conditions indicated in the Loan Agreement or in these Business Terms and Conditions and with which there is connected mainly 2

3 the right of the Bank to declare extraordinary (early) maturity of the Loan or by fulfilment of which the Loan shall automatically become immediately payable. Appurtenance shall mean Interest, Delay Interest, all Fees and costs connected with exercise of the Claim. Annual Percentage Rate of Cost (RPMN) shall mean the total cost of the Borrower Consumer connected with the Consumer Loan expressed as a percentage per annum of the total amount of the Consumer Loan. RPMN change during validity of the loan relationship if there occurs any change in the amount of the Interest Rate and/or Fees and/or if the Borrower is in delay with Instalment and/or instalment of Interest and/or pays Instalment and/or instalment of Interests on other day than the agreed day according to the Loan Agreement. Guarantor shall mean a person who will declare in writing for the Bank or who will agree with the Bank that it will satisfy the Bank if the Borrower fails to comply with his obligations arising from the Loan Agreement duly and in time. Instalment shall mean regular, usually monthly, annuity instalment of the Loan; the amount of the Instalment is usually agreed in the Loan Agreement; the Instalment consists of instalment of Loan principal and instalment of Interest. The mutual ratio of these two parts of annuity instalment is changing over time. Instalment Schedule shall mean the way of repayment of Loan principal agreed in the Loan Agreement; it contains the amount and maturity of single instalments of Loan principal and Interest. Co-Borrower shall mean a person who concluded the Loan Agreement with the Bank and who is together with the Borrower jointly and severally obliged to fulfil the obligations arising from the Loan Agreement. Co-Applicant shall mean a natural person who complies with the conditions for the Applicant, who is accepted by the Bank as the Co-Applicant and who is in the position of the Co-Borrower or Guarantor if the Loan is granted. Consumer Loan shall mean a Loan that is subject to the terms and conditions under the Consumer Loan Act, with the exception of loans granted by the Bank to a natural person non-entrepreneur in form of authorized overdraft or current account overdraft. Account shall mean current account of the Borrower maintained by the Bank from which Instalments, Interest and Fees are paid. Interest Rate shall mean the percentage rate per annum (per annum, abbreviation p.a.) agreed in the Loan Agreement, consisting of the Basic Interest Rate and Gross Margin; Interest the Borrower is obliged to pay to the Bank during the Fixation Period is calculated based on the Interest Rate. The FLOAT Interest Rate is a sum of the Basic FLOAT Interest Rate and Gross Margin which the Bank does not change until the final repayment of Loan, unless agreed otherwise in the Loan Agreement. The FIX Interest Rate is a sum of the Basic FIX Interest Rate and Gross Margin which the Bank is entitled to change for every Fixation Period. Delay Interest 3

4 shall mean interest, which the Borrower is obliged to pay the Bank if he is in delay in payment of financial obligation or part thereof, the maximum Delay Interest amount applicable at the time when the delay occurs is determined by the valid legal regulations. Interest shall mean funds the Borrower is obliged to pay the Bank on the owed sum of Loan Principal in the amount determined according to the Interest Rate stipulated in the Loan Agreement, namely on the actual daily balances of principal, starting on the day of settlement of payment of the utilised sum of the Loan until the day preceding the day of complete repayment of the Loan principal. Loan shall mean funds the Bank undertakes, under the Loan Agreement, to grant to the Borrower in his favour, to leave the Borrower to use them for the period agreed, and which the Borrower undertakes to utilise and use for the purpose agreed and repay under the terms and conditions agreed in the Loan Agreement. Publication shall mean release of a document and/or information in premises of the Bank accessible by public and/or by means of electronic banking services and/or on the Bank's internet site and/or in other suitable form, whereby the document or information becomes known to the Borrower and takes effect, unless otherwise agreed. Credit Account shall mean an internal account of the Bank on which the Bank records utilisation of the Loan and the current amount of the Claim towards the Borrower. Security Shall mean the legal act by means of which the Bank secures its Receivable, usually upon agreement with the Debtor or a third person. Basic Interest Rate is the rate published by the Bank, representing the basis for the Interest Rate for loans granted by the Bank. The Bank declares the Basic Interest Rate for individual Fixation Periods of the Interest Rate individually at its web domain. The Basic FIX Interest Rate is published by the Bank for the Fixation Period of one year and more depending on the money and capital market development. The Basic FLOAT Interest Rate is published by the Bank for the Fixation Period up to one year based on the reference rate EURIBOR; EURIBOR (Euro Interbank Offered Rate) is the rate for EURO deposits listed on the Euro money market for the relevant Fixation Period published by the Reuter agencies at 11 a.m. CET. The EURIBOR rate published for the relevant Fixation Period two Banking Days before its publishing shall be used or the purposes of publishing the Basic FLOAT Interest Rate. Consumer Loan Act shall mean Act No. 129/2010 Coll. on consumer loans and on other loans and credits for consumers as amended. Pledgor a person and/or persons providing Security for the Claim or part thereof on the basis of the Pledge Agreement in favour of the Bank. A Pledgor is also the Borrower if it provides Security for the Claim. Pledge Agreement an agreement concluded between the Bank and the Pledgor, based on which Security for the Claim is established in favour of the Bank. Loan Agreement 4

5 shall mean a legal act by which the Bank as a lender undertakes to grant, under the terms and conditions agreed in the Loan Agreement upon request of the Borrower and in his favour, funds up to a certain amount and by which the Borrower undertakes to repay the granted funds and pay Interest and Fees agreed within the determined deadlines agreed therein, Applicant shall mean a natural person non-entrepreneur who is capable of entering into legal transactions, older than 18 years of age, who is the citizen of the Slovak Republic or a foreign citizen with permanent or long-term residence in the territory of the Slovak Republic or (on the basis of the Bank s consent) also outside the territory of the Slovak Republic, who has submitted a Loan Application to the Bank. Loan Application shall mean a special form of the Bank, the completion and signing of which by the Applicant/Applicants is a basis for decision-making of the Bank regarding granting of the Loan. Settlement Account shall mean an internal account of the Bank by means of which the Borrower pays Instalments, Interest and Fees and performs utilisation of the Loan, if the Bank does not maintain Account for the Borrower. The Settlement Account is intended solely for the fulfilment of the obligations arising from the Loan Agreement. The Bank accepts cash deposits of funds or cashless payments made in favour of the Settlement Account to the Settlement Account for the purpose of settlement of Instalments, Interest and Fees; with respect to these payments the Bank is entitled to charge Fees in compliance with the Price List valid on the date of settlement of the payment. The Bank does not issue any bank statements and settlement reports from the Settlement Account and, in the case of credit balance on the Settlement Account, it does not pay any interest on the credit balance. 2. The headings used in these Business Terms and Conditions or in the Loan Agreement or Pledge Agreement are used solely for easier orientation in the text and they do not have any influence on the interpretation of these Business Terms and Conditions or the Loan Agreement or Pledge Agreement. 3. Any reference to legal regulation shall mean a reference to legal regulation in its valid wording. Article 3 Basic Conditions for Loan Granting and Loan Utilisation 1. The Bank grants loans on the basis of Loan Agreement as specific-purpose loans or purpose-free loans, namely with insurance or without insurance. The purpose for which the Loan is granted and for which the Borrower is obliged to use the Loan is determined in the Loan Agreement. The obligation of the Bank to grant the Loan to the Borrower is limited by the total amount of the Loan agreed in the Loan Agreement; the Bank is not obliged to grant further funds to the Borrower above this limit. 2. The Applicant (future Borrower) shall submit Loan Application to the Bank including the documents according to the Bank's requirements, namely in person. Confirmation of receipt of the Loan Application by the Bank does not constitute approval thereof. 3. Documents attached to the Loan Application shall be in the form of originals or officially certified copies, or, if the Bank agrees, in the form of copies certified according to originals by an employee of the Bank (hereinafter referred to as the certified document ). Supplementary documents, which weren t presented together with the Loan Application, shall be indicated by the date when they were delivered to the Bank. In such a case, the Loan Application shall be deemed delivered to the Bank on the date when the Loan 5

6 Application is complete, with indication of the date of receipt of the last documents delivered to the Bank. 4. If the purpose for which the Loan is to be used is agreed in the Loan Agreement, the Borrower shall be obliged, unless otherwise agreed, to demonstrate the purpose to the Bank before utilisation of the Loan, namely via submission of original or certified document proving the purpose of utilisation (e.g. purchase contract, invoice) which is in the name of the Borrower and which proves, if the purpose of granting of the Loan is acquisition of property, that the property that is being acquired by means of the loan will become property possessed by the Borrower or, if the purpose of granting of the Loan is construction or reconstruction of a domestic real estate, that such a real estate is in the Borrower's possession in the time when the Loan is granted. 5. After approval of the Loan Application and after conclusion of the Loan Agreement, the Bank shall grant the Loan in favour of the Borrower (Loan utilisation) only if there are fulfilled, duly and in time, all the Utilisation Conditions, in particular: a) if written application for Loan utilisation, including attachments is presented (unless there is agreed utilisation without submission of the application); b) if payable Fees (if any) are paid; c) if Security for the Claim required by the Bank is duly established and created; d) unless in the Bank and, at the same time, Borrower gives written consent to collection from this Account for the purpose of fulfilment of the obligations under the Loan Agreement; e) if there are fulfilled other conditions and submitted other documents specified in the Loan Agreement, which the Bank can require depending on the specifics of the relevant loan case. 6. The Bank shall be entitled to anytime examine correctness of all the documents presented by the Borrower for demonstration of fulfilment of the Loan Utilisation Conditions. The Borrower undertakes to provide the Bank with cooperation and to supplement the presented documents according to the requirements of the Bank. 7. The Bank shall grant the Loan in favour of the Borrower in the way agreed in the Loan Agreement, either in lump-sum (one-off utilisation) or gradually in parts (gradual utilisation), namely by crediting the sum to be utilised to the Collection Account or, by way of Collection Account, to the account set forth in the application for Loan utilisation; in such a case, the application for Loan utilisation shall be effective solely together with payment order to the debit of the Collection Account to the credit of the account specified in the application for Loan utilisation. Upon that moment, the Borrower shall be obliged to repay the granted Loan and to pay Interest on the Loan and Fees under the terms and conditions agreed. 8. If the Bank and the Borrower agree on utilisation of the Loan in the form of advances, the Bank shall grant the Loan in favour of the Borrower gradually in parts, and the first utilisation of the Loan, up to maximum 80% of the Loan, shall be made in favour of the Borrower's Account before the Borrower demonstrates fulfilment of the agreed purpose to the Bank. The Bank shall allow next utilisation of the Loan only if the Borrower complies with the terms and conditions agreed in the Loan Agreement. 9. If the Loan is to be granted in favour of the Borrower's Account and there is no other agreement between the Bank and the Borrower, the Bank shall grant the Loan only if the right of the Borrower to dispose of funds on the Account is not limited, except for limitations agreed with the Bank. 10. The Borrower shall be obliged to fully utilise the Loan within the Utilisation Deadline agreed in the Loan Agreement; the maximum utilisation deadline in the case of one-off utilisation is 3 months and, in the case of gradual utilisation, 24 months since the effective 6

7 day of the Loan Agreement. If the Borrower fails to commence utilisation or fails to fully utilise the Loan not later than within the Utilisation Deadline and no other agreement is made between the Bank and the Borrower, the entitlement of the Borrower to utilise the not utilised part of the Loan shall cease to exist and the sum of the Loan actually utilised shall be deemed as the amount of the Loan. On the basis of this fact, the Bank shall be entitled to change the amount of Instalments, while observing the final maturity of the Loan agreed in the Loan Agreement, even without conclusion of an amendment to the Loan Agreement, namely in the form of a written notification to be delivered to the Borrower. 11. The Bank shall grant the Loan if the Utilisation Conditions agreed under the Loan Agreement and these Business Terms and Conditions are met, except when prior to utilisation of the Loan the Bank finds out by checking the Borrower s ability to repay the Loan that changes occurred in the credit ability of the Borrower which endanger fulfilment of Borrower's obligations or Security for the obligations or if the Bank becomes aware of other circumstances having similar effect or if there occurs Default Event; in such a case, the Bank shall be entitled to terminate the contractual relationship. 12. The Bank can allow utilisation of the Loan without fulfilment of any of the Utilisation Conditions, however, this does not imply, in whatsoever way, that the Bank has waived or surrendered the right to insist on fulfilment of the particular or other Utilisation Condition and to exercise consequences of failure to comply with such Utilisation Condition anytime later. 13. The Bank does not provide a Loan to finance a purpose related with business, for performance of employment or occupation which is in contradiction with the applicable legal regulations or with generally recognized ethical principles and values. Article 4 Loan Repayment 1. The Borrower shall be obliged to repay the granted Loan including Appurtenance in the way and in the time determined as agreed in the Loan Agreement. If there are several persons on the Debtor s part, these persons shall be liable jointly and severally with the Debtor. 2. The amount of Instalment agreed in the Basic Conditions of the Loan in the Loan Agreement is based on the assumption that the Borrower will fully utilise the Loan on the day of conclusion of the Loan Agreement and there is agreed no Postponement of instalments of Loan principal. If the Loan is fully utilised on other day than the day of conclusion of the Loan Agreement, the Bank shall notify the amount of the Instalment to the Borrower without undue delay after full utilisation of the Loan or after expiry of the Loan Utilisation Deadline or the agreed Postponement of Loan Principal Instalments, whichever is sooner. The written notification of the amount of Instalment becomes an inseparable part of the Loan Agreement. 3. All the payable sums creating the Claim shall be paid to the Bank in the way agreed in the Loan Agreement, via bank collection to the debit of the Collection Account; in the case of bank collection from the Account, the Bank shall settle payable sums without any further instruction of the Borrower, namely it shall settle payments before other instructions of the Borrower, and the Borrower agrees to the collection by signing the Loan Agreement and these Business Terms and Conditions. If the Bank cannot satisfy itself in the way agreed in the Loan Agreement, the payable sums creating the Claim can be paid via set-off according to the terms and conditions agreed in Article 9 hereof and the Borrower hereby agrees to such an action of the Bank. 4. Borrower shall repay the Loan in monthly instalments; Borrower shall start repaying the Loan on the Payment Date in the month following the first Loan utilisation. Until the Loan is utilised 7

8 in full or until expiry of the Loan Utilisation Deadline or during Postponement of Principal Instalments, Borrower shall only pay on the Payment Date the Interest of the utilised portion of the Loan. Should the Borrower utilise the Loan on a one-time basis and the Loan utilisation day shall not be numerically identical with the Payment Date, the first annuity Instalment shall be due and payable on the second Payment date after utilisation of the Loan. Should the Borrower utilise the Loan gradually, the first annuity Instalment shall be due and payable on the Payment Date in the next month after utilisation of the Loan in full; provided, however, that the Loan was utilized no later than on the Payment date in the relevant month. If the Loan is utilised after the Payment date in the relevant month, the first annuity Instalment shall be due and payable no later than on the second Payment Date after utilisation of the Loan. If Postponement of Loan Principal Instalments is agreed in the Loan Agreement the first Instalment (annuity) shall be due and payable on the first Payment Date following Postponement of the Loan Principal Instalments. Bank shall advise Borrower of the amount of the annuity Instalment in writing. 5. In the case of change of any of the facts decisive for determination of the amount of Instalment (e.g. if the Borrower does not utilise the entire sum of the Loan, if there occurs change in the amount of the Interest Rate, if the Borrower pays a part of Loan principal prematurely and the like), the Bank shall adjust the amount of the Instalment; in such a case the final maturity of the Loan shall not change. The Bank shall notify any change in the amount of the Instalment to the Borrower by a written notice; the change shall be binding for the Borrower since the date specified in the notice. 6. The payment obligation of the Borrower shall be deemed fulfilled upon clearance of the paid sum to the Loan Account on the Payment Day and when the Bank can dispose of the credited sum. 7. The Claim or part thereof cannot be paid by note or cheque. 8. The Borrower shall be entitled to return the balance of the Loan before the final maturity of Loan anytime based on Borrower's written notice delivered to the Bank no later than 30 calendar days before the requested date of early prepayment. The Parties agree that the Bank shall effect prepayment of the Loan on the due date of regular Instalment. The Bank shall be entitled to a Fee for early prepayment of the Loan or a part thereof in amount set forth by the Loan Agreement or the Price List; the fee shall be due and payable on the day of early prepayment of the Loan or a part thereof. Borrower agrees with the use of payments effected in excess of the regular Instalment for settlement of the sums due earlier starting with the payment that is due the earliest. Upon prepayment of the entire Loan, the Loan Agreement shall become null and void. If the Loan is prepaid partially the Bank shall inform the Borrower in writing of the new Instalment amount. 9. Borrower shall be entitled to return the Loan or a part thereof before the final maturity of the Loan without the Fee for early prepayment of the Loan only in connection with expiry of the Fixation Period or change to the Interest Rate. Upon delivery of Bank's notice of expiry of the Fixation Period and of a new Interest Rate for the next Fixation Period, Borrower shall apply for early prepayment of the Loan or a part thereof (hereinafter referred to as Early Prepayment ) with the Bank no less than 5 days before the change or expiry of the Fixation Period for the Interest Rate. 10. The Borrower shall be obliged to return the owed sum of Loan principal, including Interest before the final maturity of the Loan agreed in the Loan Agreement and the Bank shall be entitled to require the same before such a date only if there occurs any of the facts which constitute a reason for extraordinary maturity of the Loan (Default Event) according to the Loan Agreement or these Business Terms and Conditions. 8

9 11. The Borrower undertakes to arrange sufficient funds for payment of the Instalment, Interest and Fees on the Collection Account, namely on the day preceding the Payment Date or, if such a day falls on a day not being Banking Day, then not later than on the next preceding Banking Day. In the case of lack of funds on the Collection Account, the Bank shall be entitled to make partial collection of the Instalment, Interest and Fees, where the collection shall have priority over other instructions of the Borrower, if the Collection account is the Account. 12. The Borrower or Co-borrower shall be entitled, pursuant to the terms and conditions of the Loan Agreement, to accept insurance, i.e. to express consent to insurance coverage for the ability to repay the Loan, namely pursuant to the framework insurance policy concluded between the Bank as the insurant and insurance company as the insurer (hereinafter referred to as the insurance policy ) according to which the Borrower or Co-borrower, by expressing the consent to the insurance in the Loan Agreement, becomes insured, undertakes to pay the Bank a fee for the insurance until the end of the insurance term during which the insurance expired, appoints the Bank as the person authorised to receive insurance benefits and agrees that the Bank shall be entitled to retain the received insurance benefits until repayment of the Claim or to use it for repayment or reduction of the Claim; the balance of the insurance benefits upon Claim repayment shall be given by the Bank to the insured without any undue delay. 13. If the Loan is Consumer Loan, the Borrower shall be entittled, anytime during validity of the Loan Agreement, to return the granted funds or part thereof before the final maturity of the Loan agreed in the Loan Agreement, namely on the basis of his written notice delivered to the Bank sufficiently in advance before the required day of early repayment. The Parties have agreed that the Bank shall perform repayment of the Consumer Loan at the maturity date of regular Instalment. Unless otherwise provided under legal regulations of binding force, the Bank shall be entitled to a Fee for early repayment of the Loan or part thereof in the amount determined by the Loan Agreement or Price List; the fee shall be payable on the day of early repayment of the Loan or part thereof. The Borrower agrees that the payments made in excess of the agreed regular Instalment will be used for payment of sums that are payable sooner, namely in the order from the foremost payable obligation. By repayment of the full Loan, the Debtor s obligation to repay the Loan Principal with Appurtenances shall expire.in the case of partial repayment of the Loan, the Bank shall subsequently notify the Borrower in writing of the new amount of Instalment. 14. If the Loan is Consumer Loan, the Bank undertakes, if required so by the Borrower, to provide the Borrower with information in the form of amortization chart the contents of which are determined by a special regulation, namely free of charge and anytime during the entire validity of the Loan Agreement, and not sooner than after the first utilisation of the Loan. Article 5 Interest on Loan and Delay Interest 1. The Bank shall charge interest on the principal of the Loan at the Interest Rate agreed in the Loan Agreement. Interest shall be calculated on actual daily balances of principal, starting from the day of settlement of payment of the utilised sum of the Loan to the Loan Account and ending on the day preceding the day of complete repayment of principal (also during delay). 2. The FLOAT Interest Rate changes regularly by expiry of every Fixation Period only by a change of the Basic FLOAT Interest Rate. The FIX Interest Rate changes regularly by expiry of every Fixation Period by a change of the Basic FIX Interest Rate and a change of the 9

10 Gross Margin. The change of the Interest Rate results in an automatic change of amount of Instalment; The Bank shall inform the Borrower about a new amount of Interest Rate two months before expiry of the Fixation Period via a written notification. A change of the Interest Rate shall result in an automatic change of the amount of Instalment; the Bank shall inform the Borrower about a new amount of Instalment via a written notification sent at the beginning of a new Fixation Period. 3. If an Interest Rate the amount of which is not specified based on EURIBOR and Gross Margin is agreed in the Loan Agreement, the Bank shall be entitled to change the amount of such Interest Rate unilaterally, namely due to changes of the business policy of the Bank or in connection to the development of legal environment or based on changes in the money and capital market. The Bank shall inform the Borrower of a new amount of such Interest Rate two months before the effective date thereof by written notification. The change of such Interest Rate results in an automatic change of the amount of Instalment. The Bank shall inform the Borrower about a new amount of Instalment via a written notification sent at the beginning of effect thereof. 4. During the Fixation Period, the Bank shall not change the amount of Interest Rate, unless agreed otherwise in the Loan Agreement. 5. If the Borrower does not agree with the change of the Interest Rate as determined by the Bank for the following Fixation Period, the Borrower shall request the Bank at least 5 days before the change or expiry of the Fixation Period of the Interest Rate for Early Prepayment. The Bank does not charge Fees for Early Repayment in connection with expiry of the Fixation Period. Early Repayment shall be due on the day of expiry of the Fixation Period. If the day of expiry of the Fixation Period is not a Banking Day the Early Repayment shall be due on the preceding Banking Day closest thereto. If the Borrower fails to provide for enough funds for early repayment of Loan on the account the Bank makes collection of Instalment from on the expiry date of the Fixation Period applicable to the Interest Rate, the Bank shall not collect the Early Repayment and shall deem the Borrower s notification of Early Repayment withdrawn by the Borrower. The Bank shall be entitled to a fee for Early Repayment in the amount specified by the Loan Agreement or the Price List if the conditions under this point are not met. 6. Borrower s obligations in early repayment of Consumer Loan arising out of the applicable legal regulations towards the Bank are maintained. If the Borrower fails to ask the Bank for an early repayment of Loan within the determined period, it shall be presumed it agrees with the change of amount of the Interest Rate. If the Borrower asks the Bank for an early repayment of Loan but fails to repay the Loan with Appurtenance within the agreed period, such behaviour of the Borrower shall be considered consent with the change of amount of the Interest Rate. 7. The Bank and the Borrower may agree on a change of type of the Interest Rate; the change is subject to the obligation to enter into an amendment to the Loan Agreement, unless agreed otherwise in the Loan Agreement. 8. On written request of the Borrower, the Bank shall issue a consent with an early repayment of Loan (confirmation on balance of the Loan), namely within 30 days after delivery of the written request of the Borrower to the Bank. 9. If the Borrower is in delay with repayment of the Instalment or part thereof, the Bank shall be entitled to charge Interest Rate and, apart from the Interest Rate, also Delay Interest in the amount according to the applicable legal regulations on the delayed sum of the Loan principal, namely since the first day in delay (inclusive) until the day immediately preceding the day of complete repayment of the delayed Instalment. The delayed sum of Instalment, shall be payable on the day following after expiry of the Payment Day. 10

11 10. If required so by a special regulation, the Bank shall calculate and notify to the Borrower the amount (rate) of RPMN. Article 6 Fees 1. The Bank shall be entitled to charge and the Borrower shall be obliged to pay the Bank, pursuant to the Loan Agreement or these Business Terms and Conditions, all the Fees connected with the provision of the Loan. Fees the amount and due date thereof are regulated by the Price List valid at the time of due date of a transaction which forms an integral part of the Agreement and the Business Terms and Conditions; Fees and the amount thereof valid at the time of conclusion of contractual relations and maturity thereof are regulated by the Loan Agreement. 2. The Bank is entitled to change and/or amend the Fees by changing the Price List, in particular following the development of the legal environment or in relation to innovation of products and related development in the banking information systems. The Bank informs about the change of Pricelist by Disclosure within the deadline listed in the relevant legal regulation before the change becomes effective.. The Borrower Consumer shall be entitled, in the case of significant increase of the Fees, to withdraw from the Loan Agreement; the written withdrawal from the Loan Agreement shall be delivered to the Bank in person or in the form of registered mail matter no later than on the day preceding the effective day of the change of the change of Price List. If the Borrower Consumer does not withdraw from the Loan Agreement within the deadline referred to in the previous sentence hereof, it shall be deemed that he agrees with the relevant change of the Price List and the change shall be binding for him. In the case of withdrawal from the Loan Agreement, the Borrower Consumer shall be obliged, not later than on the day preceding the effective day of the above-mentioned change of the Price List, to repay the Bank's Claim. The Bank and the Borrower Consumer have agreed that the provisions governing withdrawal from the Loan Agreement pursuant to Article 9 hereof shall apply to withdrawal from the Loan Agreement pursuant to this paragraph. Article 7 Security for the Loan 1. By signing the Loan Agreement, the Borrower undertakes to provide himself or through a third party suitable Security for the Bank's Claims and Borrower's obligations arisen in connection with the Loan Agreement. Obligations of the Borrower shall be secured by institution of Security, in particular the following obligations of the Borrower: a) the obligation to return the granted Loan, pay Interest and the Fees agreed; and b) other financial obligations of the Borrower, including obligations arisen from breach of the Loan Agreement (i.e. penalties); and c) obligations in the case that the Bank declares extraordinary maturity of the Loan; and d) obligations from withdrawal from the Loan Agreement or termination of the Loan Agreement; and e) potential obligations connected with declaration of invalidity of the Loan Agreement or cessation of the Loan Agreement for other reasons. By institution of the Security, there shall be secured also obligations of the Borrower which will arise due to change in the contents of obligations under the Loan Agreement 11

12 (amendment to the Loan Agreement) or due to its complete replacement by a new agreement (innovation). 2. The way of Securing Claims of the Bank is agreed in the Loan Agreement or in special Security Agreements. 3. If the agreed way of Securing is a power of pledge, the Bank accepts objects or rights as Security only up to the sum determined by the Bank. Unless otherwise stipulated by the Loan Agreement, the Security shall be instituted and valuation of the object of Security shall be made at the expense of the Borrower or the Pledgor. Upon call of the Bank, the Borrower shall be obliged to provide or procure provision of required data and documents needed for verification of legal capacity of the offered object of Security, as well as official valuation of the object of Security by an expert determined by the Bank. 4. The Borrower or the Pledgor shall be obliged to insure the object of Security or procure its insurance and submit a proof of insurance premium payment to the Bank in the time determined in the Loan Agreement. The Borrower or the Pledgor shall be obliged to submit the Bank a document which clearly demonstrates that in the case of insured event the insurer will pay insurance benefits to the Bank as the entitled party (blocking of insurance benefits, notice of origin of Security sent to the insurer). 5. If, during validity of the secured obligation, the Security becomes insufficient due to its worsening (e.g. due to change of price conditions, additional institution of power of pledge to the object of power of pledge without consent of the Bank in favour of another creditor, due to cessation of insurance cover for the object of collateral or if the property conditions of the Pledgor worsen) or due to worsening of credit ability of the Borrower, the Borrower or the Pledgor undertakes to supplement the Security without undue delay, to the extent adequate to the due amount. Unless other agreement is reached, the Bank shall be entitled, in the case the above-mentioned obligation of the Borrower or the Pledgor is not met, to declare an extraordinary maturity of the entire Loan (Default Event). 6. Exercise of Bank's rights from the Security shall be governed by the provisions agreed between the Parties in agreements which secure the Claim. 7. In order for the Bank s rights from the agreed Security to be established, depending on the type thereof necessary agreements shall be concluded, other legal actions shall be performed by the Pledgor and adopted by the Bank or proved to the Bank. If any actions for the establishment of security rights of the Bank are exercised by the Bank based on the law or upon agreement with the Borrower, it may require expense allowance associated thereto or lump sum compensation of costs. 8. The Pledgor undertakes, save for the exercise of pledge under the Pledge Agreement, not to alienate or donate the Object of Pledge or to establish pledge or any other right in favour of another party without a prior written consent of the Bank until the full repayment of the Claim. If this undertaking is violated, the Bank shall be entitled to declare extraordinary maturity of the Loan (Default Event). 9. The Borrower and/or Pledgor may ask the Bank in writing during the repayment of Loan to change the Object of Pledge, unless agreed otherwise in the Pledge Agreement. The Bank is not obliged to satisfy this request. Change of the Object of Pledge is considered a change of the contractual terms and conditions and the Bank shall have the right to charge a Fee in the amount specified by the Price List effective at the time of submission of the request. 10. Based on written request of the Borrower the Bank may, at its own discretion, release any Security if the value of the remaining Security mentioned in the Pledge Agreement amounts to a sufficient value of Security for the Claim. The terms and conditions for release of Security shall be stipulated by the Bank. 12

13 11. The exercise of Bank s rights from Security shall be governed by the provisions agreed between the Parties in the Pledge Agreement. Article 8 Special Representations and Obligations of the Borrower 1. By signing the Loan Agreement, apart from the representations and consents provided in the Loan Agreement, the Borrower represents that: a) he is fully capable of entering into legal transactions; b) all documents which he submitted to the Bank in connection with conclusion of the Loan Agreement are genuine and true; c) bankruptcy has not been declared or restructuring has not been permitted with regard to his property; d) he is not in delay in fulfilment of his obligations towards other creditors; e) there is conducted no judicial dispute or other judicial or administrative or other proceedings which could influence validity of the Loan Agreement or ability of the Borrower to fulfil his obligations under the Loan Agreement (e.g. proceedings regarding legal capacity of the Borrower, recovery of claims by other creditors, execution proceedings and the like); f) the Loan Agreement has been, on the part of the Borrower, duly signed on his behalf and it constitutes valid and legally binding obligation of the Borrower which is enforceable in compliance with the terms and conditions of the Loan Agreement; g) he is not a person with special relationship with the Bank pursuant to the relevant provisions of the Act on Banks. This representation shall be deemed to be true and repeated at every performance of a deal. The Borrower undertakes to notify the Bank without undue delay of any occurrence of circumstance on the basis of which he is a person with special relationship with the Bank according to the Act on Banks; and the Borrower acknowledges the consequences of failure to make such notification which are stipulated by the Act on Banks; h) he is not a politically exposed person according to the valid legal regulations. This representation shall be deemed to be true and repeated at every performance of a deal. The Borrower undertakes to notify the Bank without undue delay of any change in his data as a result of which he will become a politically exposed person. 2. By signing the Loan Agreement, the Borrower undertakes a) not to appropriate or otherwise dispose of his property which he acquired from the granted Loan and which is subject to the Security nor to institute any third party right to such property without written consent of the Bank. b) to use the Loan for the purpose agreed and he further undertakes to inform the Bank, without undue delay, about any unfavourable change in his legal, property relations compared to the state of his legal, property relations demonstrated by the Borrower to the Bank at conclusion of the Loan Agreement. 3. Without consent of the Bank, the Borrower shall not be entitled to assign any of his rights under the Loan Agreement to any third parties. 4. The Borrower agrees that the Bank will provide information which are subject to bank secret and are related to the loan transaction on the basis of the Agreement to the third party which provided the Security. 5. The Borrower represents and, by signing the Loan Agreement, confirms that he accepted the draft of the Loan Agreement in its entirety and without any reservations, whereupon the 13

14 Parties entered into the Loan Agreement in the wording in which it was signed between the Parties. Article 9 Extraordinary Maturity of the Loan, Termination of the Loan Agreement 1. If there arises any Default Event defined in the Loan Agreement or in these Business Terms and Conditions, the Bank shall be entitled to declare extraordinary (early) maturity of the entire balance of the Loan, including Appurtenance. In such a case, the Borrower shall be obliged to repay prematurely the entire balance of the Loan, including Appurtenance, namely at the day of delivery of a written notice of declaration of extraordinary maturity to the Borrower or to other day determined in the notice. 2. The reasons for extraordinary maturity of the Loan, on the basis of which principal of the Loan including Appurtenance shall become payable upon notice of the Bank to the Borrower, shall include the following: a) if there arises and continues for more than three months any delay in payment, even if only one Instalment or Instalments Interest pursuant to the Loan Agreement; or b) if there arises and continues for more than three Banking Days any delay in payment of claim from other loan granted to the Borrower by the Bank; or c) if the Bank's Claim becomes payable pursuant to the valid legal regulations or d) If the Borrower uses funds from the Loan or from any other loan granted by the Bank for other than the agreed purpose; or e) unfavourable state of legal, property relations on the side of the Borrower, namely: 1. if the Bank has demonstrably found out, especially from the registers keeping data about the Debtor s loans (e.g. the register of banking information, non-banking register of client information, etc.), that the Borrower is in delay for more than three months in payment of his obligations towards other banks or other creditors, except for the case that the Borrower credibly proves to the Bank that his payable obligations are met; or 2. if any of Borrower's creditors commences against the Borrower any judicial dispute or similar proceedings regarding payment of contractual or out-of-contract obligation in such a sum whose one-off payment endangers fulfilment of the Borrower's obligation towards the Bank or if there exists any execution title which obliges the Borrower to pay such a sum or if motion to commence execution in order to recover such a claim is filed against the Borrower, or if bankruptcy petition with regard to the Borrower's property or motion for restructuring is filed or if there exist conditions for declaration of bankruptcy with regard to the Borrower's property; or 3. if the Borrower dies and no other agreement is reached with his heirs without undue delay; or f) if data or representations of the Borrower made in these Business Terms and Conditions, in the Loan Agreement, Loan Application or in application for Loan Utilisation, including data about special relationship with the Bank pursuant to the Act on Banks or about politically exposed person prove to be untrue in material circumstances and the Borrower fails to provide any additional explanation or such an explanation is not satisfactory for the Bank; or g) if the Borrower makes acts requiring written consent of the Bank pursuant to the Loan Agreement without such consent; or h) if Security for the Borrower's secured obligations changes or worsens before their cessation, namely: 14

15 1. if the Security ceases to exist or worsens and the Borrower fails to supplement the Security up to the required extent within the deadline determined by the Bank in a call to supplement the Security, or if insurance being condition for granting the Loan ceases to exist; or 2. if third party which is obliged from the Security does not fulfil these obligations or if the third party's legal or property relations worsen similarly than referred to above in the case of the Borrower or if the third party declares in writing that it will not fulfil its obligation or is not able to fulfil it; or 3. if the Borrower or the third party which is obligated under the Security makes an act for which prior consent of the Bank is required pursuant to the Loan Agreement, according to the agreements under which the Security was agreed or pursuant to these Business Terms and Conditions, or. 4. if the Bank learns about a start of execution of the pledge over the Security by another Plesgee 3. If there occurs any of the Default Events based on which Borrower's financial obligations become payable upon notice of the Bank and if the Bank asks for payment of balance of the Loan including Appurtenance before the maturity day determined in the Loan Agreement, in such a case the obligation of the Borrower to return the granted funds and pay the Appurtenance shall become payable on the day when the Borrower receives a written notice of the Bank in which the Bank declares that it requires payment of the entire balance of the Loan including Appurtenance due to any of the above-mentioned reasons or on other day after dispatch of the notice which (the day) is determined in the notice. Also other related financial obligations of the Borrower, if any, shall become payable together with maturity of balance of the Loan including Appurtenance. If the Bank requires payment of the entire balance of the Loan including Appurtenance before the final maturity of the Loan agreed in the Loan Agreement for a reason connected with death of the Borrower, a notice with such effects can be delivered to his heirs or to court hearing the inheritance, even if liquidation of inheritance is not ordered. 4. The following shall constitute a reason for extraordinary maturity of the Loan on the grounds of which the entire balance of the Loan including Appurtenance shall become payable before the final maturity of the Loan agreed in the Loan Agreement, namely without notice of the Bank, in particular: a) If the Borrower notifies the Bank in writing that he will not fulfil his obligation or that he is not able to fulfil it, or b) If there arise any circumstances which constitute a legal reason for termination of the contractual relation, based on which the Bank keeps Borrower s Account, if Instalments are collected from such Account and, at the same time, the Borrower fails to determine that other account maintained by the Bank is the account intended for repayment; or c) If there is declared bankruptcy in order to arrange property relations of the Borrower or the court refuses bankruptcy petition due to lack of property of the Borrower; or d) If the Borrower upsets delivery of notice of extraordinary maturity of the Loan. 5.The reasons for extraordinary maturity, based on which the entire Loan balance with Appurtenance shall become due and payable before the time set forth under the Loan Agreement without Bank's notice, shall constitute a resolutive condition, based on which the arrangements in the Loan Agreement as to the time at which the funds are to be returned and Interest paid with regard to not payable sums shall no longer be effective and these Borrower s payables shall be due and payable on the day when any of the events constituting the reason for extraordinary maturity occur. In such event, Borrower shall return the owed sum of the Loan with Appurtenance even without Bank's call. 15

16 6. If the Borrower's obligation becomes payable for reasons of extraordinary maturity or if the Bank withdraws from the Loan Agreement and the Borrower fails to pay within the determined deadline, the Bank shall be entitled to exercise its rights from the granted security. If there are several Securities, the Bank shall be entitled to exercise any of them. If, after exercise of the Securities, the proceeds exceed the amount of the Claim, the Bank shall return the difference to the Borrower after deduction of costs spent within the framework of exercise of the rights from the Security. 7. The Parties agree that the Bank is entitled to use funds on any of the Debtor's accounts or from any of the Debtor's deposits kept in the Bank for setting off the Receivable, which could not be cleared to the debit of the Collection Account (Account or Settlement Account) at its maturity, due to lack of funds thereon, including setting off the rights from breaching of the Debtor's obligations or rights of the Bank arising from withdrawal from the Loan Agreement, particularly even if they are in another currency than the Loan currency. The Bank and Debtor agree that the Bank is entitled to use this procedure similarly also in case of nonrepayment of any due Instalment or Interests or Fees. If the setting off is done against the Debtor's deposit or receivable in another currency as the Loan currency, the conversion shall be carried out according to the exchange rate published by the Bank, foreign currency buy, for the Debtor s receivable currency. The Parties agree that for a set-off under this paragraph, a subsequent delivery of the statement from the respective Debtor s account kept by the Bank, shall be sufficient, in case the set-off would be apparent therefrom. 8. In the case of early repayment for reasons stipulated in this Article, the Bank shall be entitled to a Fee for early repayment of the Loan or part thereof in the amount determined in the Loan Agreement or by the Price List. The provisions of the Loan Agreement and these Business Terms and Conditions concerning payment of financial obligations of the Borrower and from any of his account/accounts and concerning other satisfaction of Bank's claims to the debit of the Account or claim of the Borrower, shall, depending on the nature of the matter, supplement or modify the agreement on account or other similar agreement and shall have priority over arrangements contained therein. 10. If the Loan is Consumer Loan, the Borrower shall be entitled to withdraw from the Loan Agreement without giving any reason within 14 calendar days since the day of conclusion of the Loan Agreement. The Borrower shall send notice of withdrawal from the Loan Agreement in writing, not later than on the last day of the deadline referred to in the first sentence. The Borrower shall be obliged to repay the Loan to the Bank and to pay Interest since the day of utilisation of the Loan until the day of repayment of the Loan, namely immediately and not later than within 30 calendar days after dispatch of the notice of withdrawal from the Loan Agreement; the amount of interest shall be calculated on the basis of the Interest Rate agreed in the Loan Agreement, namely from actual daily balances of principal, starting from the settlement day of payment of the utilised sum of the Loan to the Loan Account and ending on the day preceding the day of complete repayment of principal. In the case of failure to observe the deadline for repayment of the Loan and payment of Interest, the Bank shall be entitled to charge interest on the unpaid principal at the Interest Rate referred to in paragraph 9 in Article 5 hereof. If ancillary service (e.g. insurance) is agreed to the Loan Agreement, also the ancillary service agreement shall cease to exist upon withdrawal from the Loan Agreement; the Bank shall inform provider of the ancillary service about termination of the ancillary service agreement. 11. In addition to the ways stipulated in this Article, the Loan Agreement shall also terminate upon agreement of the Parties. Article 10 16

17 Special Provisions 1. Records from Bank's accounting represent sufficient evidence of the Borrower's financial obligation, unless they are proved to be materially incorrect. 2. The Borrower shall file any request for correction of incorrect accounting and enforce other rights at the address of the Bank's Business Place which accepted the Application. Article 11 Final Provisions 1. The Bank and the Borrower agree that the rights and obligations of the Bank and Borrower not treated by the Loan Agreement and these Business Terms and Conditions shall be governed by the GBTC, the Pricelist (in terms of amount and due date of Fees) and the generally binding legal regulations valid in the Slovak Republic in the above order of precedence. 2. These Business Terms and Conditions shall apply to the Loan Agreements concluded by 31 December 2011, including, from which the Claim has been secured by pledge to real estate and to which the Business Terms and Conditions for the Provision of Loans to Natural Persons - Non-Entrepreneurs applied. 3. In order to improve quality of services provided by the Bank following the development of the legal environment or in relation to innovation of products and related development in the banking information systems, the Bank is entitled to modify or amend or fully replace the Business Terms. The Bank shall Publish current wording of the Business Terms and Conditions, namely within the deadline of at least 15 days before the effective date of the relevant change. The Borrower shall be entitled to express his disagreement with change of the Business Terms and Conditions by a written notice delivered in the form of registered mail matter to the Bank not later than on the day preceding the effective date of such a change of the Business Terms and Conditions. However, if, within the above-mentioned deadline, the Borrower does not notify his disagreement with change of the Business Terms and Conditions or if he makes any legal act towards the Bank or if he continues in receiving Bank's Products in such a way that it is obvious from the given circumstances that he is willing to continue in the relevant obligation relationship with the Bank, or if he confirms by his actions that he has acquainted himself with the change of the Business Terms and Conditions, the Bank shall consider such actions of the Borrower to be an expression of his consent to the change of the Business Terms and Conditions and such changes shall come into force, in relation to the Borrower, for mutual relationships established by the Loan Agreement and relationships related with them, namely on the day specified therein. If the Borrower does not agree with such a new wording of the Business Terms and Conditions and no other agreement is reached, the Borrower shall be obliged to return the Bank the Claim not later than on the day preceding the effective date of the Published change of the Business Terms and Conditions. 4. All contractual relations arisen between the Borrower and the Bank as of the effective date of these Business Terms and Conditions shall be governed by these Business Terms and Conditions, unless the Business Terms and Conditions provide otherwise. All contractual relations entered into by and between the Debtor and the banks, to which the Bank has become the legal successor from shall be governed exclusively by these Business Terms and Conditions, unless these Business Terms and Conditions provide otherwise. The 17

18 Borrower shall also be deemed to have given consent to these Business Terms and Conditions if the Borrower performs any legal act in relation to the Bank or continues to receive products, with the situation making it clear that the Borrower wishes to continue in the relevant contractual relations with the Bank, or Borrower acts in a manner proving that Borrower has become familiar with the Business Terms and Conditions. 5. These Business Terms and Conditions shall come into force on 1 st September 2014 and in full extent replace the business terms and conditions valid until the effective date hereof. In... dated:... I hereby confirm, in my own signature, that I have received the Business Terms and Conditions, First name and surname: Birth Certificate Number: Signature: 18

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