BAN João 1, 284 95 Oporto a share mercial region n and TIN of 3.000 25 882 0 Euro A with regist reqsored a the Commercial Regis lice at Prac Jifice of Oporo with the single COMERCIAL 3037/01 1024522024030449611280ML01010111700MLTPDF03736 Contract for the use of Remote Communication Channels Nividual Customers DATE 2024-03-04 ***OMER IDENTIFICATION FULL NAME TAX ID NUMBER ELTOMER CONTACT DATA HOME PHONE NR. WORK PHONE NR. E-MAIL ADDRESS Millennium bcp BRANCH DRN-ANTAS PRESTIGE CODE 01 1 1 7 CURRENT ACCOUNT NR. 00000045655343954 PEDRAM PIROUZAN 308233956 MOBILE PHONE NR. 543425001 PREFERRED BRANCH DRN-ANTAS PRESTIGE [email protected] GENERAL CONDITIONS Clause 1: Scope 1. These General Conditions are meant to regulate the terms and conditions for the use of Remote Channels. 2. For the purposes of this Agreement, the following are considered remote communication channels between the Bank and the Customer: a) Telephone Channel, hereinafter referred to as Contact Centre when it involves a call centre service communication by phone established by initiative of the Customer, including the phone contacts established through the Contact Centre (communications associated to the phone numbers 918272424 / 935222424 / 965992424 (domestic call) and +351210052424 (international call) or other numbers that may replace them that are disclosed by the Bank); b) Internet-the Customer's access to the Bank's website at Internet www.millenniumbcp.pt. c) Mobile Channel - the Customer's access to the Bank using Millennium App, MTrader App, Apple Watch, and other extensions of the Apps. d) Millennium Teller Machine, hereinafter referred to as MTM - selfbanking ATM machine for the Customer to access the Bank wherein the Customer can view account information, make cash banking operations and subscribe to financial products and services autonomously or with assistance (in person or remotely, being the latter made with Authentication Code). 3. The remote communication channels are channels enabling the Customer's remote access to the services that, at each moment, the Bank has available in those channels, for the celebration of legal acts and businesses within the scope of the bank relation established with the Bank, in its capacity as credit institution and insurance agent, enabling the remote access to the current account, for consultation, obtaining information and making of operations, as well as for the disclosure and trade by the Bank, and remote contracting of financial products and services, including those related with payment services, securities and insurances. 4. For the purposes of the previous paragraph, legal acts or agreements granted within the scope of the banking relationship are considered to be all those relating to the opening, maintenance and closing of current accounts, of payment services,, credit or registration and deposit of financial instruments, the use of those accounts, as well as the procedures of signing and executing life and non-life insurance contracts and the management of incidents, including, namely, the issuance of a power-of-attorney, the issuance of statements regarding personal data, submission of claims or other requests, submission of requests for statements, requests of information, requests for copies of bank statements or other documents, the issue of receipts, the subscription of remote communication services, the signing of contracts for the use of payment instruments, requests for access codes or the provision of Internet services or payment instruments, the signing of contracts for acquiring and requesting POS's, the contracting of direct debits, the contracting of money remittance services, the issuance and cancellation of payment orders, including permanent or recurring orders, the (This is a Computer-generated Document) Page 1 of 19,BAN,João,1,,,284,95,Oporto,a,share,mercial,region,n,and,TIN,of,3.000,25,882,0,Euro,A,with,regist,reqsored,a,the,Commercial,Regis,lice,at,Prac,Jifice,of,Oporo,with,the,single,COMERCIAL,3037/01,1024522024030449611280ML01010111700MLTPDF03736,Contract,for,the,use,of,Remote,Communication,Channels,Nividual,Customers,DATE,2024-03-04,***,OMER,IDENTIFICATION,FULL,NAME,TAX,ID,NUMBER,ELTOMER,CONTACT,DATA,HOME,PHONE,NR,.,WORK,PHONE,NR,.,E,-,MAIL,ADDRESS,Millennium,bcp,BRANCH,DRN,-,ANTAS,PRESTIGE,CODE,01,1,1,7,CURRENT,ACCOUNT,NR,.,00000045655343954,PEDRAM,PIROUZAN,308233956,MOBILE,PHONE,NR,.,543425001,PREFERRED,BRANCH,DRN,-,ANTAS,PRESTIGE,[email protected],GENERAL,CONDITIONS,Clause,1,:,Scope,1.,These,General,Conditions,are,meant,to,regulate,the,terms,and,conditions,for,the,use,of,Remote,Channels,.,2.,For,the,purposes,of,this,Agreement,,,the,following,are,considered,remote,communication,channels,between,the,Bank,and,the,Customer,:,a,),Telephone,Channel,,,hereinafter,referred,to,as,Contact,Centre,when,it,involves,a,call,centre,service,communication,by,phone,established,by,initiative,of,the,Customer,,,including,the,phone,contacts,established,through,the,Contact,Centre,(,communications,associated,to,the,phone,numbers,918272424,/,935222424,/,965992424,(,domestic,call,),and,+351210052424,(,international,call,),or,other,numbers,that,may,replace,them,that,are,disclosed,by,the,Bank,),;,b,),Internet,-,the,Customer's,access,to,the,Bank's,website,at,Internet,www.millenniumbcp.pt,.,c,),Mobile,Channel,-,the,Customer's,access,to,the,Bank,using,Millennium,App,,,MTrader,App,,,Apple,Watch,,,and,other,extensions,of,the,Apps,.,d,),Millennium,Teller,Machine,,,hereinafter,referred,to,as,MTM,-,selfbanking,ATM,machine,for,the,Customer,to,access,the,Bank,wherein,the,Customer,can,view,account,information,,,make,cash,banking,operations,and,subscribe,to,financial,products,and,services,autonomously,or,with,assistance,(,in,person,or,remotely,,,being,the,latter,made,with,Authentication,Code,),.,3.,The,remote,communication,channels,are,channels,enabling,the,Customer's,remote,access,to,the,services,that,,,at,each,moment,,,the,Bank,has,available,in,those,channels,,,for,the,celebration,of,legal,acts,and,businesses,within,the,scope,of,the,bank,relation,established,with,the,Bank,,,in,its,capacity,as,credit,institution,and,insurance,agent,,,enabling,the,remote,access,to,the,current,account,,,for,consultation,,,obtaining,information,and,making,of,operations,,,as,well,as,for,the,disclosure,and,trade,by,the,Bank,,,and,remote,contracting,of,financial,products,and,services,,,including,those,related,with,payment,services,,,securities,and,insurances,.,4.,For,the,purposes,of,the,previous,paragraph,,,legal,acts,or,agreements,granted,within,the,scope,of,the,banking,relationship,are,considered,to,be,all,those,relating,to,the,opening,,,maintenance,and,closing,of,current,accounts,,,of,payment,services,,,,credit,or,registration,and,deposit,of,financial,instruments,,,the,use,of,those,accounts,,,as,well,as,the,procedures,of,signing,and,executing,life,and,non,-,life,insurance,contracts,and,the,management,of,incidents,,,including,,,namely,,,the,issuance,of,a,power,-,of,-,attorney,,,the,issuance,of,statements,regarding,personal,data,,,submission,of,claims,or,other,requests,,,submission,of,requests,for,statements,,,requests,of,information,,,requests,for,copies,of,bank,statements,or,other,documents,,,the,issue,of,receipts,,,the,subscription,of,remote,communication,services,,,the,signing,of,contracts,for,the,use,of,payment,instruments,,,requests,for,access,codes,or,the,provision,of,Internet,services,or,payment,instruments,,,the,signing,of,contracts,for,acquiring,and,requesting,POS's,,,the,contracting,of,direct,debits,,,the,contracting,of,money,remittance,services,,,the,issuance,and,cancellation,of,payment,orders,,,including,permanent,or,recurring,orders,,,the,(,This,is,a,Computer,-,generated,Document,),Page,1,of,19,BANC reg FCIA_ Ո Legista al Regis: of Oor al P 1.28 The sinais Opoi ercial et *hare and TIN 3.000 5.5.882 * 00 Euros 1024522024030449611280ML10010111700MLTPDF03736 Millennium bcp While this Contract is in effect, the communications made by the Bank to the Customer shall be preferably ade by e-mail to the e-mail address of the Customer supplied to the Bank, and/or, if applicable and if possible, by SMS to the respective mobile phone number or, as a last resource, to the postal address, supplied to the Bank at any moment, in accordance with the provisions of the following numbers of this clause. 3. In case of alteration of the respective e-mail address and/or the mobile phone supplied to the Bank, the Customer is obliged to always and promptly inform the Bank of that alteration and to supply the updated e-mail address and mobile phone number to the Bank for the establishment of contacts and communications with the Bank. 4. It is also herein expressly agreed that it pertains exclusively to the Customer to watch out for the regular consultation and permanent update and good functioning of the respective e-mail address and mobile phone number supplied to the Bank for contacts and communications. This Contract and the communications between the parties shall be made in the Portuguese language. The written communications that the Customer intends to address the Bank, within the scope of this tract, may be sent to the preferred branch chosen by the Customer or to the Bank's registered office. 7. The Customer shall bear no costs for contacts initiated by the Bank without prejudice to the price or charges due for the financial service engaged pursuant to each contact. 8. The payment of all financial products and services and insurances acquired while using the remote communication channels defined in these General Conditions can be made by debit to any individual or Hoint-tenancy account held or to be held by the Customer with the Bank. banco Comercial Português, S.A. is subject to supervision by the European Central Bank with registered office at Sonnemannstrasse 22, 60314 Frankfurt, Germany and of Banco de Portugal, with registered office at Rua do Ouro, 27 (1100-150 Lisbon), within the Single Supervisory Mechanism. 213 10.1 The Customer may submit claims or complaints for actions or omissions by bodies and employees of the Pank to the Ombudsman, who will consider them after the necessary investigations have been conducted and issue recommendations to the Bank's Executive Committee. The recommendations of the Ombudsman binding for the bodies and services, after approval by the above-mentioned Executive Board. Questions should be submitted in writing to the attention of the Ombudsman, using the address available for that purpose www.millenniumbcp.pt. 10.2 For that purpose it may choose to use the Complaints Book available at the Bank's branches. For that purpose, it may choose to use the Complaints Book available at the Bank's branches. This Book will be elivered by the Bank immediately after being requested by the Costumer or the Costumer may access it by means of the E-Complaints Book available at www.livroreclamacoes.pt following the instructions disclosed therein for that purpose or by accessing the website of the Banking Customer Portal where he/she may fill in and print the online claim or print it and fill in the above claim form and send it by mail to the address of Banco de Portugal, as per the instructions described therein for that purpose. 103 Litigations involving amounts equal or inferior to those under the competence of the 1st degree courts ay as an alternative to the competent judicial means, be submitted to the following extrajudicial entities specialized in the resolution of litigations: Consumption Conflicts Arbitration Centre of Lisbon. (www.centroarbitragemlisboa.pt) and Consumption Information and Arbitration Centre of Porto (www.cicap.pt). 10.4 The Customer may choose to file for extra-judicial resolution the disputes regarding products and services Subscribed online, using the RLL / ODR platform for online dispute resolution ps://webgate.ec.europa.eu/odr/main/?event=main.home.show), created for the European Union under the -gulation (EU) no. 524/2013, of the European Parliament and of the Council, of 21 May 2013. 10.5 Please be informed that the Bank has available a service that receives and extra-judicial handling of any claims that the Customers wish to present; For that purpose, the claims are to be addressed to: Customer Care Centre, by calling 918272424 / 935222424/965992424 (domestic call) and/or by e-mail to the address. www.millenniumbcp.pt and/or in writing, the complaint being addressed to Av. Prof. Dr. Cavaco Silva, Tagus Park Edf. 3, Piso 0, Ala C, 2744-002 Porto Salvo. 11. For all matters arising from this contract, the competent courts of law are those of Lisbon, Oporto and of the Holder's residence in Portugal, waiving all others. at the co) This is a Computer-generated Document) Page 10 of 19,BANC,reg,FCIA_,Ո,Legista,al,Regis,:,of,Oor,al,P,1.28,The,sinais,Opoi,ercial,et,*,hare,and,TIN,3.000,5.5.882,*,00,Euros,1024522024030449611280ML10010111700MLTPDF03736,Millennium,bcp,While,this,Contract,is,in,effect,,,the,communications,made,by,the,Bank,to,the,Customer,shall,be,preferably,ade,by,e,-,mail,to,the,e,-,mail,address,of,the,Customer,supplied,to,the,Bank,,,and,/,or,,,if,applicable,and,if,possible,,,by,SMS,to,the,respective,mobile,phone,number,or,,,as,a,last,resource,,,to,the,postal,address,,,supplied,to,the,Bank,at,any,moment,,,in,accordance,with,the,provisions,of,the,following,numbers,of,this,clause,.,3.,In,case,of,alteration,of,the,respective,e,-,mail,address,and,/,or,the,mobile,phone,supplied,to,the,Bank,,,the,Customer,is,obliged,to,always,and,promptly,inform,the,Bank,of,that,alteration,and,to,supply,the,updated,e,-,mail,address,and,mobile,phone,number,to,the,Bank,for,the,establishment,of,contacts,and,communications,with,the,Bank,.,4.,It,is,also,herein,expressly,agreed,that,it,pertains,exclusively,to,the,Customer,to,watch,out,for,the,regular,consultation,and,permanent,update,and,good,functioning,of,the,respective,e,-,mail,address,and,mobile,phone,number,supplied,to,the,Bank,for,contacts,and,communications,.,This,Contract,and,the,communications,between,the,parties,shall,be,made,in,the,Portuguese,language,.,The,written,communications,that,the,Customer,intends,to,address,the,Bank,,,within,the,scope,of,this,tract,,,may,be,sent,to,the,preferred,branch,chosen,by,the,Customer,or,to,the,Bank's,registered,office,.,7.,The,Customer,shall,bear,no,costs,for,contacts,initiated,by,the,Bank,without,prejudice,to,the,price,or,charges,due,for,the,financial,service,engaged,pursuant,to,each,contact,.,8.,The,payment,of,all,financial,products,and,services,and,insurances,acquired,while,using,the,remote,communication,channels,defined,in,these,General,Conditions,can,be,made,by,debit,to,any,individual,or,Hoint,-,tenancy,account,held,or,to,be,held,by,the,Customer,with,the,Bank,.,banco,Comercial,Português,,,S.A.,is,subject,to,supervision,by,the,European,Central,Bank,with,registered,office,at,Sonnemannstrasse,22,,,60314,Frankfurt,,,Germany,and,of,Banco,de,Portugal,,,with,registered,office,at,Rua,do,Ouro,,,27,(,1100-150,Lisbon,),,,within,the,Single,Supervisory,Mechanism,.,213,10.1,The,Customer,may,submit,claims,or,complaints,for,actions,or,omissions,by,bodies,and,employees,of,the,Pank,to,the,Ombudsman,,,who,will,consider,them,after,the,necessary,investigations,have,been,conducted,and,issue,recommendations,to,the,Bank's,Executive,Committee,.,The,recommendations,of,the,Ombudsman,binding,for,the,bodies,and,services,,,after,approval,by,the,above,-,mentioned,Executive,Board,.,Questions,should,be,submitted,in,writing,to,the,attention,of,the,Ombudsman,,,using,the,address,available,for,that,purpose,www.millenniumbcp.pt,.,10.2,For,that,purpose,it,may,choose,to,use,the,Complaints,Book,available,at,the,Bank's,branches,.,For,that,purpose,,,it,may,choose,to,use,the,Complaints,Book,available,at,the,Bank's,branches,.,This,Book,will,be,elivered,by,the,Bank,immediately,after,being,requested,by,the,Costumer,or,the,Costumer,may,access,it,by,means,of,the,E,-,Complaints,Book,available,at,www.livroreclamacoes.pt,following,the,instructions,disclosed,therein,for,that,purpose,or,by,accessing,the,website,of,the,Banking,Customer,Portal,where,he,/,she,may,fill,in,and,print,the,online,claim,or,print,it,and,fill,in,the,above,claim,form,and,send,it,by,mail,to,the,address,of,Banco,de,Portugal,,,as,per,the,instructions,described,therein,for,that,purpose,.,103,Litigations,involving,amounts,equal,or,inferior,to,those,under,the,competence,of,the,1st,degree,courts,ay,as,an,alternative,to,the,competent,judicial,means,,,be,submitted,to,the,following,extrajudicial,entities,specialized,in,the,resolution,of,litigations,:,Consumption,Conflicts,Arbitration,Centre,of,Lisbon,.,(,www.centroarbitragemlisboa.pt,),and,Consumption,Information,and,Arbitration,Centre,of,Porto,(,www.cicap.pt,),.,10.4,The,Customer,may,choose,to,file,for,extra,-,judicial,resolution,the,disputes,regarding,products,and,services,Subscribed,online,,,using,the,RLL,/,ODR,platform,for,online,dispute,resolution,ps,:,//webgate.ec.europa.eu/odr/main/,?,event,=,main.home.show,),,,created,for,the,European,Union,under,the,-gulation,(,EU,),no,.,524/2013,,,of,the,European,Parliament,and,of,the,Council,,,of,21,May,2013,.,10.5,Please,be,informed,that,the,Bank,has,available,a,service,that,receives,and,extra,-,judicial,handling,of,any,claims,that,the,Customers,wish,to,present,;,For,that,purpose,,,the,claims,are,to,be,addressed,to,:,Customer,Care,Centre,,,by,calling,918272424,/,935222424/965992424,(,domestic,call,),and,/,or,by,e,-,mail,to,the,address,.,www.millenniumbcp.pt,and,/,or,in,writing,,,the,complaint,being,addressed,to,Av,.,Prof.,Dr.,Cavaco,Silva,,,Tagus,Park,Edf,.,3,,,Piso,0,,,Ala,C,,,2744-002,Porto,Salvo,.,11.,For,all,matters,arising,from,this,contract,,,the,competent,courts,of,law,are,those,of,Lisbon,,,Oporto,and,of,the,Holder's,residence,in,Portugal,,,waiving,all,others,.,at,the,co,),This,is,a,Computer,-,generated,Document,),Page,10,of,19,B JOB. the 3.00 n and > 882 Isha 1024522024030449611280ML11010111700MLTPDF03736 NEX1-RISKS AND SAFETY RULES Millennium bcp 11. General rules for accessing/using of all the remote communication channels of the Bank The Customer commits to read carefully and strictly comply with the security rules and recommendations stated herein, as well as to consult and read, at least once every three months, the security warnings and the periodical warnings disclosed by the bank at its website www.millenniumbcp.pt, including the description of the frauds attempted at any time for the fraudulent capture of the User's Code, the Multichannel code and remaining customized access credentials of the Customers. The Customer must beware and be prepared against fraud attempts by unauthorized third parties. Namely, Lactomer must be suspicious of, namely: a) the degree of urgency of the messages threatening the Customer with the suspension of access to the account, of access codes or of the card if the Customer's data are not supplied immediately; b) the request for confirmation of personal data via e-mail or SMS, namely forwarding the Customer for the filling in of a form for the provision of personal data and access codes; c) spelling/grammar errors and other errors visible in the message or in the fraudulent web page or other data that suggest the suspicious origin of the same; d) of e-mail messages with attached links or files; e) the indication that the Customer must supply Authorization Code(s) sent by the Bank by SMS or generated via Token, for the simulation of transactions. mennium bcp never sends e-mails or SMS with links and never requests confirmation of the Customer's sonal data or data to access bank accounts vis these communication means, namely instructing the Customer for the online filling in of personal information forms and supply of access codes and credentials nor requesting the Customer to call a determined phone number. If such happens, the Customer must consider that it may well be a fraud attempt. The Customer should analyse the e-mails received before opening them, always confirming the source and oject, if possible, with the issuer entity; The Customer should not accept the execution of files/programs download of which is activated without his/her request. The Bank does not simulate transactions with the Customers. If at any moment the Customer receives an Authentication Code to confirm a transaction that the Customer did not request, the Customer should refrain ontering or disclosing that code and must immediately report that fact by calling 918272424/935222424 902424 (domestic call) or +351210052424 (international call) a permanent Customer assistance centre - 35 days/year, so as to warn the Bank and request the locking/prevention of abuse or fraud against it. 16 The Customer must never disclose the Authentication Code(s) to third parties under any pretext and commits to make a cautious, prudent, and exclusively personal use of the same, assuming all risks and consequences deriving from their undue disclosure. *any moment, the Customer verifies that his/her mobile phone is inactive and that the mobile phone not functioning properly, the Customer must immediately contact his/her telecommunications and ensure the correct functioning of the SIM card linked to his/her mobile phone number supplied to e Bank. 18. If, at any moment, the Customer: 2) Suspects that third parties are aware of his/her User's Code in whole or in part and/or of the Multichannel Code or Confirmation Key or, in case of loss, misplacement, theft, robbery or abusive appropriation of the same or any of them, or b) Verifies the recording in the account of any non-authorized transaction or the existence of errors and irregularities in the making of transactions, or c) Receives an Authentication Code to simulate a transaction and/or Receives an Authentication Code to confirm a transaction that the Customer did not request, and/or spects of undue access by third parties to his/her e-mail address and/or his/her mobile phone, omputer, or portable device or to his/her mobile phone number by any way whatsoever, Then, the Customer should suspend the procedure and immediately, contact the Bank by calling 918272424/ 1805222424 / 965992424 (domestic call) or +351210052424 (international call), a permanent Customer *sistance centre - 24/7, 365 days/year, so as to warn the Bank and request the locking/prevention of abuse hand against it. The Customer should also confirm what happened before the Bank, in writing and within 5 (This is a Computer-generated Document) Page 11 of 19,B,JOB,.,the,3.00,n,and,>,882,Isha,1024522024030449611280ML11010111700MLTPDF03736,NEX1,-,RISKS,AND,SAFETY,RULES,Millennium,bcp,11.,General,rules,for,accessing,/,using,of,all,the,remote,communication,channels,of,the,Bank,The,Customer,commits,to,read,carefully,and,strictly,comply,with,the,security,rules,and,recommendations,stated,herein,,,as,well,as,to,consult,and,read,,,at,least,once,every,three,months,,,the,security,warnings,and,the,periodical,warnings,disclosed,by,the,bank,at,its,website,www.millenniumbcp.pt,,,including,the,description,of,the,frauds,attempted,at,any,time,for,the,fraudulent,capture,of,the,User's,Code,,,the,Multichannel,code,and,remaining,customized,access,credentials,of,the,Customers,.,The,Customer,must,beware,and,be,prepared,against,fraud,attempts,by,unauthorized,third,parties,.,Namely,,,Lactomer,must,be,suspicious,of,,,namely,:,a,),the,degree,of,urgency,of,the,messages,threatening,the,Customer,with,the,suspension,of,access,to,the,account,,,of,access,codes,or,of,the,card,if,the,Customer's,data,are,not,supplied,immediately,;,b,),the,request,for,confirmation,of,personal,data,via,e,-,mail,or,SMS,,,namely,forwarding,the,Customer,for,the,filling,in,of,a,form,for,the,provision,of,personal,data,and,access,codes,;,c,),spelling,/,grammar,errors,and,other,errors,visible,in,the,message,or,in,the,fraudulent,web,page,or,other,data,that,suggest,the,suspicious,origin,of,the,same,;,d,),of,e,-,mail,messages,with,attached,links,or,files,;,e,),the,indication,that,the,Customer,must,supply,Authorization,Code,(,s,),sent,by,the,Bank,by,SMS,or,generated,via,Token,,,for,the,simulation,of,transactions,.,mennium,bcp,never,sends,e,-,mails,or,SMS,with,links,and,never,requests,confirmation,of,the,Customer's,sonal,data,or,data,to,access,bank,accounts,vis,these,communication,means,,,namely,instructing,the,Customer,for,the,online,filling,in,of,personal,information,forms,and,supply,of,access,codes,and,credentials,nor,requesting,the,Customer,to,call,a,determined,phone,number,.,If,such,happens,,,the,Customer,must,consider,that,it,may,well,be,a,fraud,attempt,.,The,Customer,should,analyse,the,e,-,mails,received,before,opening,them,,,always,confirming,the,source,and,oject,,,if,possible,,,with,the,issuer,entity,;,The,Customer,should,not,accept,the,execution,of,files,/,programs,download,of,which,is,activated,without,his,/,her,request,.,The,Bank,does,not,simulate,transactions,with,the,Customers,.,If,at,any,moment,the,Customer,receives,an,Authentication,Code,to,confirm,a,transaction,that,the,Customer,did,not,request,,,the,Customer,should,refrain,ontering,or,disclosing,that,code,and,must,immediately,report,that,fact,by,calling,918272424/935222424,902424,(,domestic,call,),or,+351210052424,(,international,call,),a,permanent,Customer,assistance,centre,-,35,days,/,year,,,so,as,to,warn,the,Bank,and,request,the,locking,/,prevention,of,abuse,or,fraud,against,it,.,16,The,Customer,must,never,disclose,the,Authentication,Code,(,s,),to,third,parties,under,any,pretext,and,commits,to,make,a,cautious,,,prudent,,,and,exclusively,personal,use,of,the,same,,,assuming,all,risks,and,consequences,deriving,from,their,undue,disclosure,.,*,any,moment,,,the,Customer,verifies,that,his,/,her,mobile,phone,is,inactive,and,that,the,mobile,phone,not,functioning,properly,,,the,Customer,must,immediately,contact,his,/,her,telecommunications,and,ensure,the,correct,functioning,of,the,SIM,card,linked,to,his,/,her,mobile,phone,number,supplied,to,e,Bank,.,18.,If,,,at,any,moment,,,the,Customer,:,2,),Suspects,that,third,parties,are,aware,of,his,/,her,User's,Code,in,whole,or,in,part,and,/,or,of,the,Multichannel,Code,or,Confirmation,Key,or,,,in,case,of,loss,,,misplacement,,,theft,,,robbery,or,abusive,appropriation,of,the,same,or,any,of,them,,,or,b,),Verifies,the,recording,in,the,account,of,any,non,-,authorized,transaction,or,the,existence,of,errors,and,irregularities,in,the,making,of,transactions,,,or,c,),Receives,an,Authentication,Code,to,simulate,a,transaction,and,/,or,Receives,an,Authentication,Code,to,confirm,a,transaction,that,the,Customer,did,not,request,,,and,/,or,spects,of,undue,access,by,third,parties,to,his,/,her,e,-,mail,address,and,/,or,his,/,her,mobile,phone,,,omputer,,,or,portable,device,or,to,his,/,her,mobile,phone,number,by,any,way,whatsoever,,,Then,,,the,Customer,should,suspend,the,procedure,and,immediately,,,contact,the,Bank,by,calling,918272424,/,1805222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),,,a,permanent,Customer,*,sistance,centre,-,24/7,,,365,days,/,year,,,so,as,to,warn,the,Bank,and,request,the,locking,/,prevention,of,abuse,hand,against,it,.,The,Customer,should,also,confirm,what,happened,before,the,Bank,,,in,writing,and,within,5,(,This,is,a,Computer,-,generated,Document,),Page,11,of,19,> om ry #tc 1024522024030449611280ML12010111700MLTPDF03736 When the Customer wishes to see some security issue approached in our newsletter or requires any clarifications, the Customer must contact the Bank through the e-mail address [email protected] call 918272424 / 935222424 / 965992424 (domestic call) or +351210052424 (international call) a Hurmanent Customer assistance centre - available 24/7, 365 days/year. Computer-generated Document) Page 12 of 19 Millennium bcp,>,om,ry,#tc,1024522024030449611280ML12010111700MLTPDF03736,When,the,Customer,wishes,to,see,some,security,issue,approached,in,our,newsletter,or,requires,any,clarifications,,,the,Customer,must,contact,the,Bank,through,the,e,-,mail,address,[email protected],call,918272424,/,935222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),a,Hurmanent,Customer,assistance,centre,-,available,24/7,,,365,days,/,year,.,Computer,-,generated,Document,),Page,12,of,19,Millennium,bcp,lo, B Taça Эрого 40 *gle co S'S. 1: ter e Con ALS! DE ADCOC Te it 120 0 OG NI regis FUDS 1024522024030449611280ML13010111700MLTPDF03736 Millennium bcp Additional rules to access the website www.millenniumbcp.pt 1. Whenever the Customer accesses his/her bank accounts through the website of Millennium bcp, the Customer should check if the address starts as follows, as per the browser used: IE M https ind.millenniumbcp.pt pt Particulares Pages Welcor Identificado por Entrust Edge mennurbap.pl Firefox Chrome Safari 昌 PT millennium ind millenniumbop.pt Comercial Portiqu [PT] and.millenniumpcp.pt In case of doubt, confirm the origin of the digital certificate effectively identifies Millennium bcp; - double click on the padlock - and check if it IE 1 Edge 1 Chrome s & win ntr Firefox Overallar Chata 944 これ 1 mages ta Este improve = {«& wallah de Safari Safem atau lige de rada a red meneru amber pt 2. While the Customer accesses the website www.millenniumbcp.pt the Bank never requests the mobile bone number or the installation of software/security programs. Customer is a user exclusively of the website millenniumbcp.pt, it will be requested, in the first access and every 90 days, the identification of the User Code, three (3) random digits of the Multichannel Access Code and an Authentication Code generated via Token or sent by SMS to the Customer's mobile phone registered at the Bank. In the remaining accesses will only be requested the identification of the User Code This is a Computer-generated Document) Page 13 of 19,lo,,,B,Taça,Эрого,40,*,gle,co,S'S,.,1,:,ter,e,Con,ALS,!,DE,ADCOC,Te,it,120,0,OG,NI,regis,FUDS,1024522024030449611280ML13010111700MLTPDF03736,Millennium,bcp,Additional,rules,to,access,the,website,www.millenniumbcp.pt,1.,Whenever,the,Customer,accesses,his,/,her,bank,accounts,through,the,website,of,Millennium,bcp,,,the,Customer,should,check,if,the,address,starts,as,follows,,,as,per,the,browser,used,:,IE,M,https,ind.millenniumbcp.pt,pt,Particulares,Pages,Welcor,Identificado,por,Entrust,Edge,mennurbap.pl,Firefox,Chrome,Safari,昌,PT,millennium,ind,millenniumbop.pt,Comercial,Portiqu,[,PT,],and.millenniumpcp.pt,In,case,of,doubt,,,confirm,the,origin,of,the,digital,certificate,effectively,identifies,Millennium,bcp,;,-,double,click,on,the,padlock,-,and,check,if,it,IE,1,Edge,1,Chrome,s,&,win,ntr,Firefox,Overallar,Chata,944,これ,1,mages,ta,Este,improve,=,{,«,&,wallah,de,Safari,Safem,atau,lige,de,rada,a,red,meneru,amber,pt,2.,While,the,Customer,accesses,the,website,www.millenniumbcp.pt,the,Bank,never,requests,the,mobile,bone,number,or,the,installation,of,software,/,security,programs,.,Customer,is,a,user,exclusively,of,the,website,millenniumbcp.pt,,,it,will,be,requested,,,in,the,first,access,and,every,90,days,,,the,identification,of,the,User,Code,,,three,(,3,),random,digits,of,the,Multichannel,Access,Code,and,an,Authentication,Code,generated,via,Token,or,sent,by,SMS,to,the,Customer's,mobile,phone,registered,at,the,Bank,.,In,the,remaining,accesses,will,only,be,requested,the,identification,of,the,User,Code,This,is,a,Computer,-,generated,Document,),Page,13,of,19,200 00 28400 ai regis are ca 2 GU TIN: JES SA gis Pra at the Con Reg горс single ONVE 1024522024030449611280ML14010111700MLTPDF03736 Millennium bcp three (3) random codes of the Multichannel Access Code. The same 3 digits will be requested until the gin is successfully made. Everything that is requested in addition to what is mentioned above is a fraud attempt that the Customer must immediately report, without any unjustified delays, by calling 918272424/ 935222424965992424 (domestic call) or +351210052424 (international call), a permanent Customer assistance centre - 24/7, 365 days/year, so as to warn the Bank and request the locking/prevention of abuse or fraud against it. To consult the entries made in the account(s) or bank statements dating 90 days back or more, an thentication Code will always be requested when, while accessing the website www.millenniumbcp.pt the Authentication Code, generated via Token or sent by SMS to the Customer's mobile phone registered at the Bank has not been requested, apart from the three (3) random digits of the Multichannel Access Code. 15 In the making and confirmation of transactions and at the moment the same is being carried out, will be requested an Authentication Code generated via Token or sent by SMS to the Customer's mobile phone nistered at the Bank. . In the making of payment operations by debit of the current deposits account or an account associated with the service, an additional confirmation may be required through (i) a Customer Strong Authentication System (AFC) in that case, the Customer will be requested to enter an Authentication code generated via Token or cent by SMS to the Customer's mobile phone number registered with the Bank, at the moment the same are Perried out. The Customer should carefully read the SMS received containing the Authentication Code since the transaction data are identified in the text message. 8. The Authentication Code will not be requested when making a payment: - for one of the Customer's beneficiaries/favourites previously defined as reliable; - for accounts held by the Customer with Millennium bcp; of a low amount, until it reaches an accumulated amount defined by the Bank. Millennium bcp always sends e-mails and SMS with no links. 10. The Customer should never open Millennium bcp's website through links on messages, search engines or even through the option "Favourites". The Customer should always type in the complete address www.millenniumbcp.pt to avoid accessing untrustworthy pages, very similar to Millennium bcp's website, as as to avoid the installation of malware in the equipment used to access Millennium bcp's website. Millennium bcp never requests personal and/or confidential data, as for example the entire Multichannel cess Code, Confirmation Key, mobile phone number, change of data, etc. in the access to the website www.millenniumbcp.pt, by email, SMS or by any other mean. 12. Don't use obvious Multichannel Access Codes (equal numbers, sequential numbers personal data such as I for example the date of birth; mobile number, etc) to access the website www.millenniumbcp.pt. The Customer should periodically, at least every six months, alter his/her multichannel Code in the area "Customize", of the enu "Area M". 113. Define unique Access Codes for the website www.millenniumbcp.pt and don't use them on other websites. 14. Access to www.millenniumbcp.pt can also be done through the authentication service Digital Mobile key provided by the Portuguese Government. 5. The Digital Mobile Key enables the user to be authenticated through: pile number; D) PIN - Non-transferable personal identification number created when of the registration of the Digital Mobile Key; c) The one off and temporary Safety Code formed by numbers sent by SMS to the mobile phone number. 16. By selecting this form of authentication you will be redirected in a safe manner to the Government's Internet service, at: https. autenticacao.gov.pt fa CitizenConsent.aspxPequestla--Cblea2-d12-472f-pac Being informed of the personal data requested by the Bank and explicitly agrees with that transmission, as per: This is a Computer-generated Document) Page 14 of 19,200,00,28400,ai,regis,are,ca,2,GU,TIN,:,JES,SA,gis,Pra,at,the,Con,Reg,горс,single,ONVE,1024522024030449611280ML14010111700MLTPDF03736,Millennium,bcp,three,(,3,),random,codes,of,the,Multichannel,Access,Code,.,The,same,3,digits,will,be,requested,until,the,gin,is,successfully,made,.,Everything,that,is,requested,in,addition,to,what,is,mentioned,above,is,a,fraud,attempt,that,the,Customer,must,immediately,report,,,without,any,unjustified,delays,,,by,calling,918272424,/,935222424965992424,(,domestic,call,),or,+351210052424,(,international,call,),,,a,permanent,Customer,assistance,centre,-,24/7,,,365,days,/,year,,,so,as,to,warn,the,Bank,and,request,the,locking,/,prevention,of,abuse,or,fraud,against,it,.,To,consult,the,entries,made,in,the,account,(,s,),or,bank,statements,dating,90,days,back,or,more,,,an,thentication,Code,will,always,be,requested,when,,,while,accessing,the,website,www.millenniumbcp.pt,the,Authentication,Code,,,generated,via,Token,or,sent,by,SMS,to,the,Customer's,mobile,phone,registered,at,the,Bank,has,not,been,requested,,,apart,from,the,three,(,3,),random,digits,of,the,Multichannel,Access,Code,.,15,In,the,making,and,confirmation,of,transactions,and,at,the,moment,the,same,is,being,carried,out,,,will,be,requested,an,Authentication,Code,generated,via,Token,or,sent,by,SMS,to,the,Customer's,mobile,phone,nistered,at,the,Bank,.,.,In,the,making,of,payment,operations,by,debit,of,the,current,deposits,account,or,an,account,associated,with,the,service,,,an,additional,confirmation,may,be,required,through,(,i,),a,Customer,Strong,Authentication,System,(,AFC,),in,that,case,,,the,Customer,will,be,requested,to,enter,an,Authentication,code,generated,via,Token,or,cent,by,SMS,to,the,Customer's,mobile,phone,number,registered,with,the,Bank,,,at,the,moment,the,same,are,Perried,out,.,The,Customer,should,carefully,read,the,SMS,received,containing,the,Authentication,Code,since,the,transaction,data,are,identified,in,the,text,message,.,8.,The,Authentication,Code,will,not,be,requested,when,making,a,payment,:,-,for,one,of,the,Customer's,beneficiaries,/,favourites,previously,defined,as,reliable,;,-,for,accounts,held,by,the,Customer,with,Millennium,bcp,;,of,a,low,amount,,,until,it,reaches,an,accumulated,amount,defined,by,the,Bank,.,Millennium,bcp,always,sends,e,-,mails,and,SMS,with,no,links,.,10.,The,Customer,should,never,open,Millennium,bcp's,website,through,links,on,messages,,,search,engines,or,even,through,the,option,",Favourites,",.,The,Customer,should,always,type,in,the,complete,address,www.millenniumbcp.pt,to,avoid,accessing,untrustworthy,pages,,,very,similar,to,Millennium,bcp's,website,,,as,as,to,avoid,the,installation,of,malware,in,the,equipment,used,to,access,Millennium,bcp's,website,.,Millennium,bcp,never,requests,personal,and,/,or,confidential,data,,,as,for,example,the,entire,Multichannel,cess,Code,,,Confirmation,Key,,,mobile,phone,number,,,change,of,data,,,etc.,in,the,access,to,the,website,www.millenniumbcp.pt,,,by,email,,,SMS,or,by,any,other,mean,.,12.,Don't,use,obvious,Multichannel,Access,Codes,(,equal,numbers,,,sequential,numbers,personal,data,such,as,I,for,example,the,date,of,birth,;,mobile,number,,,etc,),to,access,the,website,www.millenniumbcp.pt,.,The,Customer,should,periodically,,,at,least,every,six,months,,,alter,his,/,her,multichannel,Code,in,the,area,",Customize,",,,of,the,enu,",Area,M,",.,113.,Define,unique,Access,Codes,for,the,website,www.millenniumbcp.pt,and,don't,use,them,on,other,websites,.,14.,Access,to,www.millenniumbcp.pt,can,also,be,done,through,the,authentication,service,Digital,Mobile,key,provided,by,the,Portuguese,Government,.,5.,The,Digital,Mobile,Key,enables,the,user,to,be,authenticated,through,:,pile,number,;,D,),PIN,-,Non,-,transferable,personal,identification,number,created,when,of,the,registration,of,the,Digital,Mobile,Key,;,c,),The,one,off,and,temporary,Safety,Code,formed,by,numbers,sent,by,SMS,to,the,mobile,phone,number,.,16.,By,selecting,this,form,of,authentication,you,will,be,redirected,in,a,safe,manner,to,the,Government's,Internet,service,,,at,:,https,.,autenticacao.gov.pt,fa,CitizenConsent.aspxPequestla,--,Cblea2,-,d12-472f,-,pac,Being,informed,of,the,personal,data,requested,by,the,Bank,and,explicitly,agrees,with,that,transmission,,,as,per,:,This,is,a,Computer,-,generated,Document,),Page,14,of,19,in: 911 100 82 1024522024030449611280ML15010111700MLTPDF03736 AUTENTICAÇÃO Gov G Millennium bcp Never give third parties personal identification data that can be used for certification with the mobile phone operators, or User Codes, Multichannel Access Codes, or other codes, namely authorisation codes received by SMS or via Token. The Customer should also prevent third party access to the equipment's used to confirm banking merations as well as to their components, such as the SIM card of the mobile phone number provided to the The Customer should keep his/her computer protected and should commit, to, namely: - install a good anti-virus and keep it constantly updated: - Use a firewall to filter Internet traffic in and out of the computer; - - Pay attention to the security updates that credible software companies provide and install them according The instructions given. Always use updated versions of browsers and operating systems; eactivate the options save the password and browser autofill; If the computer is shared with someone else, the Customer should beware and always apply basic protection measures: close the browser window and always end each session and delete the cache memory; Customer should not open e-mails with an unknown origin and especially should not click on or open chments or links appearing in those messages; The Customer should not open files sent by unknown senders; The Customer should keep himself/herself up to date on general safety concerning the use of internet; - The Customer must bear in mind that free Wi-Fi networks facilitate access by third parties to his/her mobile phone and to its data and communications. The Customer should not use public Wi-Fi networks to access vebsite or mobile channel of the Bank nor to access websites requiring the entering of sensitive mation, make online purchases and homebanking. For this type of accesses, use always and only your data network. ditional Rules to access the Contact Centre service The Bank's phone service for Individuals is available by calling 918 27 24 24 / 935 22 24 24 / 965 99 24 24 or, from abroad, by calling +351 210 05 24 24, in two different ways: - VRS (Voice Response System) - the Customer will be asked to enter his/her current account number and the first 4 positions of the Multichannel Access Code; Personal Assistant - the Customer will be asked to enter his/her current account number and 3 random ons of the Multichannel Access Code. .2. To validate your operations the Customer will need the confirmation key, of which only 3 random positions will be requested. 1 ditional rules of access to Mobile Service The Customer should: a) Activate a form of automatically blocking his/her mobile equipment and of unblocking it by means of a secret code or biometric data of the Customer. Protect his/her smartphone/tablet with a good antivirus, keeping the same always updated and anerational. c) Pay attention to the security updates that credible software companies provide and install them according This is a Computer-generated Document) Page 15 of 19,in,:,911,100,82,1024522024030449611280ML15010111700MLTPDF03736,AUTENTICAÇÃO,Gov,G,Millennium,bcp,Never,give,third,parties,personal,identification,data,that,can,be,used,for,certification,with,the,mobile,phone,operators,,,or,User,Codes,,,Multichannel,Access,Codes,,,or,other,codes,,,namely,authorisation,codes,received,by,SMS,or,via,Token,.,The,Customer,should,also,prevent,third,party,access,to,the,equipment's,used,to,confirm,banking,merations,as,well,as,to,their,components,,,such,as,the,SIM,card,of,the,mobile,phone,number,provided,to,the,The,Customer,should,keep,his,/,her,computer,protected,and,should,commit,,,to,,,namely,:,-,install,a,good,anti,-,virus,and,keep,it,constantly,updated,:,-,Use,a,firewall,to,filter,Internet,traffic,in,and,out,of,the,computer,;,-,-,Pay,attention,to,the,security,updates,that,credible,software,companies,provide,and,install,them,according,The,instructions,given,.,Always,use,updated,versions,of,browsers,and,operating,systems,;,eactivate,the,options,save,the,password,and,browser,autofill,;,If,the,computer,is,shared,with,someone,else,,,the,Customer,should,beware,and,always,apply,basic,protection,measures,:,close,the,browser,window,and,always,end,each,session,and,delete,the,cache,memory,;,Customer,should,not,open,e,-,mails,with,an,unknown,origin,and,especially,should,not,click,on,or,open,chments,or,links,appearing,in,those,messages,;,The,Customer,should,not,open,files,sent,by,unknown,senders,;,The,Customer,should,keep,himself,/,herself,up,to,date,on,general,safety,concerning,the,use,of,internet,;,-,The,Customer,must,bear,in,mind,that,free,Wi,-,Fi,networks,facilitate,access,by,third,parties,to,his,/,her,mobile,phone,and,to,its,data,and,communications,.,The,Customer,should,not,use,public,Wi,-,Fi,networks,to,access,vebsite,or,mobile,channel,of,the,Bank,nor,to,access,websites,requiring,the,entering,of,sensitive,mation,,,make,online,purchases,and,homebanking,.,For,this,type,of,accesses,,,use,always,and,only,your,data,network,.,ditional,Rules,to,access,the,Contact,Centre,service,The,Bank's,phone,service,for,Individuals,is,available,by,calling,918,27,24,24,/,935,22,24,24,/,965,99,24,24,or,,,from,abroad,,,by,calling,+351,210,05,24,24,,,in,two,different,ways,:,-,VRS,(,Voice,Response,System,),-,the,Customer,will,be,asked,to,enter,his,/,her,current,account,number,and,the,first,4,positions,of,the,Multichannel,Access,Code,;,Personal,Assistant,-,the,Customer,will,be,asked,to,enter,his,/,her,current,account,number,and,3,random,ons,of,the,Multichannel,Access,Code,.,.2,.,To,validate,your,operations,the,Customer,will,need,the,confirmation,key,,,of,which,only,3,random,positions,will,be,requested,.,1,ditional,rules,of,access,to,Mobile,Service,The,Customer,should,:,a,),Activate,a,form,of,automatically,blocking,his,/,her,mobile,equipment,and,of,unblocking,it,by,means,of,a,secret,code,or,biometric,data,of,the,Customer,.,Protect,his,/,her,smartphone,/,tablet,with,a,good,antivirus,,,keeping,the,same,always,updated,and,anerational,.,c,),Pay,attention,to,the,security,updates,that,credible,software,companies,provide,and,install,them,according,This,is,a,Computer,-,generated,Document,),Page,15,of,19,th 5 101 1024522024030449611280ML16010111700MLTPDF03736 Millennium bcp 1 to the instructions given. d) Deactivate the option for the installation of apps with unknown origin in the security settings of your equipment. e) Always resort to the official websites /stores when needing to install any app and be cautious before making the download of an app, read the opinion from other users and verify which tools and permissions the Customer will have to give access to in his/her equipment (ex: reading and sending of sms, access to contacts, location). It is crucial that the Customer pays attention to the permissions it grants to the apps it Installs in its mobile equipment. wwwhen using the e-mail in its mobile device the Customer must certify that it never accesses messages that the Customer does not recognise, mostly attachments or links appearing in those messages. In case the Customer receives any suspicious e-mail allegedly sent by the Bank, the Customer should not open the same and report the fact to the Bank by calling 918272424 / 935222424 / 965992424 (domestic call) or +351210052424 (international call), a permanent Customer assistance centre - 24/7, 365 days/year, so as to warn the Bank. The Customer must bear in mind that Millennium bcp NEVER sends e-mails and SMS with links. n) The Customer must bear in mind that free Wi-Fi networks facilitate access by third parties to his/her mobile phone and to its data and communications. The Customer should not use public Wi-Fi networks to access the website or mobile channel of the Bank nor to access websites requiring the entering of sensitive information, make online purchases and homebanking. For this type of accesses, use always and only the data network of the mobile equipment. " Deactivate the Bluetooth when you do not need it since your mobile phone will become less vulnerable to cyber attacks j) keep your smartphone physically safe and under constant surveillance. Hennium App The apps of Millennium bcp to be installed and used in mobile phones are available for Apple and Android M devices. stall the apps through the brand's official web stores (Apple Store and Play Store). Never do so using links you by third parties, namely by e-mail or by SMS. 3. Registration on Millennium App a) After installing the Millennium App, define the unique access code (PIN) composed of 4 numbers, to eccess Millennium App and do not use it in other Apps. Afterwards enter the User Code and three (3) random positions of the Multichannel Access Code to alidate the sending of the Authentication Code by SMS, indispensable for the registration of the App. C) Lastly, enter the Authentication Code you received by SMS. Π css to Millennium App The login to the app is made using a 4 digit PIN code defined during the registry procedure; C alternative to the use of a PIN, you can login to the Millennium APP using fingerprint or facial if the device provides these technologies. In the login page you will always have the possibility of accessing using the fingerprint, facial recognition or through the PIN. To activate/deactivate access to the Millennium App through Touch ID or Face ID just go to "Settings". 4.3. Don't use an obvious Multichannel Code (1234; 1111; date of birth; postal code etc.) to access the Apps Nom Millennium bcp. Periodically, alter your PIN using the Profile icon (upper right corner), available after you Ross Millennium App. Afterwards, select Safety >> alter PIN. consecutively fail three times to enter PIN, you shall have to register again in the Millennium App, as scribed in 3 above, to define a new PIN. 5 To carry out transactions, the Millennium App may request: three (3) random digits from the Multichannel Access Code; or, An Authentication Code sent by SMS to the mobile phone number registered at the Bank; or, A Diometric data (fingerprint or facial recognition). additional information is requested, it is an attempt to commit fraud and you should report it by calling 918272424 / 935222424 / 965992424 (domestic call) or +351210052424 (international call) a permanent Customer assistance centre - available 24/7, 365 days/year. The Authentication Code will not be requested when making a payment: of the Customer's beneficiaries/favourites previously defined as reliable; accounts held by the Customer with Millennium bcp; (This is a Computer-generated Document) Page 16 of 19,th,5,101,1024522024030449611280ML16010111700MLTPDF03736,Millennium,bcp,1,to,the,instructions,given,.,d,),Deactivate,the,option,for,the,installation,of,apps,with,unknown,origin,in,the,security,settings,of,your,equipment,.,e,),Always,resort,to,the,official,websites,/,stores,when,needing,to,install,any,app,and,be,cautious,before,making,the,download,of,an,app,,,read,the,opinion,from,other,users,and,verify,which,tools,and,permissions,the,Customer,will,have,to,give,access,to,in,his,/,her,equipment,(,ex,:,reading,and,sending,of,sms,,,access,to,contacts,,,location,),.,It,is,crucial,that,the,Customer,pays,attention,to,the,permissions,it,grants,to,the,apps,it,Installs,in,its,mobile,equipment,.,wwwhen,using,the,e,-,mail,in,its,mobile,device,the,Customer,must,certify,that,it,never,accesses,messages,that,the,Customer,does,not,recognise,,,mostly,attachments,or,links,appearing,in,those,messages,.,In,case,the,Customer,receives,any,suspicious,e,-,mail,allegedly,sent,by,the,Bank,,,the,Customer,should,not,open,the,same,and,report,the,fact,to,the,Bank,by,calling,918272424,/,935222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),,,a,permanent,Customer,assistance,centre,-,24/7,,,365,days,/,year,,,so,as,to,warn,the,Bank,.,The,Customer,must,bear,in,mind,that,Millennium,bcp,NEVER,sends,e,-,mails,and,SMS,with,links,.,n,),The,Customer,must,bear,in,mind,that,free,Wi,-,Fi,networks,facilitate,access,by,third,parties,to,his,/,her,mobile,phone,and,to,its,data,and,communications,.,The,Customer,should,not,use,public,Wi,-,Fi,networks,to,access,the,website,or,mobile,channel,of,the,Bank,nor,to,access,websites,requiring,the,entering,of,sensitive,information,,,make,online,purchases,and,homebanking,.,For,this,type,of,accesses,,,use,always,and,only,the,data,network,of,the,mobile,equipment,.,",Deactivate,the,Bluetooth,when,you,do,not,need,it,since,your,mobile,phone,will,become,less,vulnerable,to,cyber,attacks,j,),keep,your,smartphone,physically,safe,and,under,constant,surveillance,.,Hennium,App,The,apps,of,Millennium,bcp,to,be,installed,and,used,in,mobile,phones,are,available,for,Apple,and,Android,M,devices,.,stall,the,apps,through,the,brand's,official,web,stores,(,Apple,Store,and,Play,Store,),.,Never,do,so,using,links,you,by,third,parties,,,namely,by,e,-,mail,or,by,SMS,.,3.,Registration,on,Millennium,App,a,),After,installing,the,Millennium,App,,,define,the,unique,access,code,(,PIN,),composed,of,4,numbers,,,to,eccess,Millennium,App,and,do,not,use,it,in,other,Apps,.,Afterwards,enter,the,User,Code,and,three,(,3,),random,positions,of,the,Multichannel,Access,Code,to,alidate,the,sending,of,the,Authentication,Code,by,SMS,,,indispensable,for,the,registration,of,the,App,.,C,),Lastly,,,enter,the,Authentication,Code,you,received,by,SMS,.,Π,css,to,Millennium,App,The,login,to,the,app,is,made,using,a,4,digit,PIN,code,defined,during,the,registry,procedure,;,C,alternative,to,the,use,of,a,PIN,,,you,can,login,to,the,Millennium,APP,using,fingerprint,or,facial,if,the,device,provides,these,technologies,.,In,the,login,page,you,will,always,have,the,possibility,of,accessing,using,the,fingerprint,,,facial,recognition,or,through,the,PIN,.,To,activate,/,deactivate,access,to,the,Millennium,App,through,Touch,ID,or,Face,ID,just,go,to,",Settings,",.,4.3,.,Don't,use,an,obvious,Multichannel,Code,(,1234,;,1111,;,date,of,birth,;,postal,code,etc.,),to,access,the,Apps,Nom,Millennium,bcp,.,Periodically,,,alter,your,PIN,using,the,Profile,icon,(,upper,right,corner,),,,available,after,you,Ross,Millennium,App,.,Afterwards,,,select,Safety,>>,alter,PIN,.,consecutively,fail,three,times,to,enter,PIN,,,you,shall,have,to,register,again,in,the,Millennium,App,,,as,scribed,in,3,above,,,to,define,a,new,PIN,.,5,To,carry,out,transactions,,,the,Millennium,App,may,request,:,three,(,3,),random,digits,from,the,Multichannel,Access,Code,;,or,,,An,Authentication,Code,sent,by,SMS,to,the,mobile,phone,number,registered,at,the,Bank,;,or,,,A,Diometric,data,(,fingerprint,or,facial,recognition,),.,additional,information,is,requested,,,it,is,an,attempt,to,commit,fraud,and,you,should,report,it,by,calling,918272424,/,935222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),a,permanent,Customer,assistance,centre,-,available,24/7,,,365,days,/,year,.,The,Authentication,Code,will,not,be,requested,when,making,a,payment,:,of,the,Customer's,beneficiaries,/,favourites,previously,defined,as,reliable,;,accounts,held,by,the,Customer,with,Millennium,bcp,;,(,This,is,a,Computer,-,generated,Document,),Page,16,of,19,BA TOME 37668 at the cia. kec CHA 9411 erc: 13,000 and 5 3. 1024522024030449611280ML17010111700MLTPDF03736 Millennium bcp - of a low amount, until it reaches an accumulated amount defined by the Bank. Extension of Millennium App to Apple Watch 1 The application for the Apple Watch is an extension of the Millennium App and is activated from it, therefore Squires prior subscription to the above-mentioned App in accordance with the terms mentioned above. To use this application you need to set up, in the Millennium App, the accounts/cards you want to view ough Apple Watch. 3. The consultation of bank information provided by the Apple Watch application does not require entering a PIN code. However, bank information will only be available when the Apple Watch is near the Customer's iPhone, being this circumstance a security measure that the Customer should always be aware of to guard the confidentiality of the information that directly concerns him/her. Additional rules to access MTM You can access the MTM using a bank card or three (3) random positions of the multichannel access code. are only requested to enter the same 3 random positions until login is successful; therefore, if additional ation is requested (ex: complete Multichannel Code, mobile phone number) it is an attempt to commit Traud and you should report it by calling: 918272424 / 935222424 / 965992424 (domestic call) or +351210052424 (international call). 2. Never give personal identification data or user, multichannel or other codes to third parties. Failure to comply with the rules and recommendations on the use of distance communication means issued above may lead to the risks for the Customer, namely the following ones: Third parties may gain access to personal and confidential data; Third parties may execute transactions using the assets in the account and generate financial losses. (This is a Computer-generated Document) Page 17 of 19,BA,TOME,37668,at,the,cia,.,kec,CHA,9411,erc,:,13,000,and,5,3,.,1024522024030449611280ML17010111700MLTPDF03736,Millennium,bcp,-,of,a,low,amount,,,until,it,reaches,an,accumulated,amount,defined,by,the,Bank,.,Extension,of,Millennium,App,to,Apple,Watch,1,The,application,for,the,Apple,Watch,is,an,extension,of,the,Millennium,App,and,is,activated,from,it,,,therefore,Squires,prior,subscription,to,the,above,-,mentioned,App,in,accordance,with,the,terms,mentioned,above,.,To,use,this,application,you,need,to,set,up,,,in,the,Millennium,App,,,the,accounts,/,cards,you,want,to,view,ough,Apple,Watch,.,3.,The,consultation,of,bank,information,provided,by,the,Apple,Watch,application,does,not,require,entering,a,PIN,code,.,However,,,bank,information,will,only,be,available,when,the,Apple,Watch,is,near,the,Customer's,iPhone,,,being,this,circumstance,a,security,measure,that,the,Customer,should,always,be,aware,of,to,guard,the,confidentiality,of,the,information,that,directly,concerns,him,/,her,.,Additional,rules,to,access,MTM,You,can,access,the,MTM,using,a,bank,card,or,three,(,3,),random,positions,of,the,multichannel,access,code,.,are,only,requested,to,enter,the,same,3,random,positions,until,login,is,successful,;,therefore,,,if,additional,ation,is,requested,(,ex,:,complete,Multichannel,Code,,,mobile,phone,number,),it,is,an,attempt,to,commit,Traud,and,you,should,report,it,by,calling,:,918272424,/,935222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),.,2.,Never,give,personal,identification,data,or,user,,,multichannel,or,other,codes,to,third,parties,.,Failure,to,comply,with,the,rules,and,recommendations,on,the,use,of,distance,communication,means,issued,above,may,lead,to,the,risks,for,the,Customer,,,namely,the,following,ones,:,Third,parties,may,gain,access,to,personal,and,confidential,data,;,Third,parties,may,execute,transactions,using,the,assets,in,the,account,and,generate,financial,losses,.,(,This,is,a,Computer,-,generated,Document,),Page,17,of,19,MERC tion an 525 Jac 1. -295 Op ng a st al of UGUE d at the with re mmercial R Difce au Office of with thes mmercial * 0,00 E 1024522024030449611280ML18010111700MLTPDF03736 ANNEX 2- OPEN BANKING 1. It is up to the Customer to assess if he/she wishes to share or not his/her banking data. Open Banking affords the Customer the possibility to share with third parties balances and transactions of accounts held at the Bank but only if the Customer gives his/her express consent. 2.1. If the Customer considers suitable that certain institutions or payment service providers, without any Contractual connection with the Bank (third parties payment services providers - TPPS) have electronic access to the payment account balance held at the Bank, as well as to other financial information of the account, or Start using the account to make payments, the Customer may contract with these institutions or operators some of the following Open Banking services: - Payment Initiation Services; - Account Information Services; - Balance Confirmation Services. The payment Initiation Services allow for a TPP to set up a payment order in the account which the Customer holds at the Bank (ex. an online payment directly in the Customer's account to the TPP account). The information Services on the accounts allow a TPP to gather in its website, financial information from several accounts, including balances and transactions of the account the Customer holds at the Bank (financial Thetitutions or entities that run price comparison sites will be among the companies that provide this type of Sovice) Balance confirmation services allow a TPP issuing card-based payment instruments, at the time the Customer makes a card payment, to confirm that the account held with the Bank has sufficient balance to make the payment. 2.2. The possibility for a TPP to provide the services mentioned above, requires that the account held at the Bank is accessible in the digital channels of the Bank and consequently, the prior subscription by the Customer the current Agreement for the Use of Remote Communications Channels. _.. The Customer's consent for the provision of payment initiation service or account information service or confirmation of balances must be given directly to the payment initiation or accounts information or balance confirmation service providers. The provision of these services requires that the account is accessible online through the website www.millenniumbcp.pt, that the service provider(s) is/ are duly authorized or registered by the competent authorities to provide the respective services, that the same are properly authenticated with the ank and communicate with it in a safe manner, in accordance with the regulations applicable at any moment. 2.4. For the purposes of the provisions of the previous paragraph, the Customer has the possibility of directly authorising a payment initiation service provider to access information on the account and to give to payment orders to the Bank using the account and/or authorise a payment service provider to access information on the account and respective balances. 5. It is expressly agreed herein that the Bank is entitled to provide the information and to execute the evment orders within the scope of the payment initiation services and information on accounts when the respective service providers contact the Bank requesting such information, transmitting such payment orders provided that all the requirements set forth in 2.3 above are complied with and the Bank is successful in obtaining the strong authentication from the Customer. 2.6 The verification of the circumstances foreseen in the precedent paragraph correspond to the express consent by the Customer for the provision of the respective services and, in those cases, the Bank should vonsider any request for information or order or instruction received from the respective service provider as being a request for information, order or instruction given to the Bank by the Customer itself. It is up to the Customer to certify if the service provider that he/she/it uses has his/her/its express authorisation to access the account that he/she/it holds with the Bank, being also responsible for the consequences deriving from supplying customized authentication codes through the remote channels to non-authorised third parties, being also responsible for any consequent losses. 2.7 The Bank is obliged to make the IBAN of the account held by the Customer at the bank available to the TPP and, depending on the case, the respective balance or the balance and transactions, or to accept the payment operation initiated by that party, and the TPP does not have to identify the Customer nor to make proof of the contract signed with him/her to provide Open Banking services and have direct access the Bank. It is the Customer's responsibility, once redirected to the Millennium bcp website/app, to confirm the thorisation given to a TPP to provide certain Open Banking services and have direct access to the Bank, and he/she should to that effect, at www.millennumbcp.pt, correctly introduce the User Code, three random positions of the Multichannel Access Code and an Authentication Code sent by SMS to the phone number registered at the Bank or obtained via Token, or in the Millennium App, to correctly introduce the Security PIN made up of four numbers and an Authentication Code sent by SMS to the phone number registered at the bank. Therefore, if additional information is requested, it is an attempt to commit fraud and the same should be (This is a Computer-generated Document) Page 18 of 19 Millennium bcp,MERC,tion,an,525,Jac,1,.,-295,Op,ng,a,st,al,of,UGUE,d,at,the,with,re,mmercial,R,Difce,au,Office,of,with,thes,mmercial,*,0,00,E,1024522024030449611280ML18010111700MLTPDF03736,ANNEX,2-,OPEN,BANKING,1.,It,is,up,to,the,Customer,to,assess,if,he,/,she,wishes,to,share,or,not,his,/,her,banking,data,.,Open,Banking,affords,the,Customer,the,possibility,to,share,with,third,parties,balances,and,transactions,of,accounts,held,at,the,Bank,but,only,if,the,Customer,gives,his,/,her,express,consent,.,2.1,.,If,the,Customer,considers,suitable,that,certain,institutions,or,payment,service,providers,,,without,any,Contractual,connection,with,the,Bank,(,third,parties,payment,services,providers,-,TPPS,),have,electronic,access,to,the,payment,account,balance,held,at,the,Bank,,,as,well,as,to,other,financial,information,of,the,account,,,or,Start,using,the,account,to,make,payments,,,the,Customer,may,contract,with,these,institutions,or,operators,some,of,the,following,Open,Banking,services,:,-,Payment,Initiation,Services,;,-,Account,Information,Services,;,-,Balance,Confirmation,Services,.,The,payment,Initiation,Services,allow,for,a,TPP,to,set,up,a,payment,order,in,the,account,which,the,Customer,holds,at,the,Bank,(,ex,.,an,online,payment,directly,in,the,Customer's,account,to,the,TPP,account,),.,The,information,Services,on,the,accounts,allow,a,TPP,to,gather,in,its,website,,,financial,information,from,several,accounts,,,including,balances,and,transactions,of,the,account,the,Customer,holds,at,the,Bank,(,financial,Thetitutions,or,entities,that,run,price,comparison,sites,will,be,among,the,companies,that,provide,this,type,of,Sovice,),Balance,confirmation,services,allow,a,TPP,issuing,card,-,based,payment,instruments,,,at,the,time,the,Customer,makes,a,card,payment,,,to,confirm,that,the,account,held,with,the,Bank,has,sufficient,balance,to,make,the,payment,.,2.2,.,The,possibility,for,a,TPP,to,provide,the,services,mentioned,above,,,requires,that,the,account,held,at,the,Bank,is,accessible,in,the,digital,channels,of,the,Bank,and,consequently,,,the,prior,subscription,by,the,Customer,the,current,Agreement,for,the,Use,of,Remote,Communications,Channels,.,_,..,The,Customer's,consent,for,the,provision,of,payment,initiation,service,or,account,information,service,or,confirmation,of,balances,must,be,given,directly,to,the,payment,initiation,or,accounts,information,or,balance,confirmation,service,providers,.,The,provision,of,these,services,requires,that,the,account,is,accessible,online,through,the,website,www.millenniumbcp.pt,,,that,the,service,provider,(,s,),is,/,are,duly,authorized,or,registered,by,the,competent,authorities,to,provide,the,respective,services,,,that,the,same,are,properly,authenticated,with,the,ank,and,communicate,with,it,in,a,safe,manner,,,in,accordance,with,the,regulations,applicable,at,any,moment,.,2.4,.,For,the,purposes,of,the,provisions,of,the,previous,paragraph,,,the,Customer,has,the,possibility,of,directly,authorising,a,payment,initiation,service,provider,to,access,information,on,the,account,and,to,give,to,payment,orders,to,the,Bank,using,the,account,and,/,or,authorise,a,payment,service,provider,to,access,information,on,the,account,and,respective,balances,.,5.,It,is,expressly,agreed,herein,that,the,Bank,is,entitled,to,provide,the,information,and,to,execute,the,evment,orders,within,the,scope,of,the,payment,initiation,services,and,information,on,accounts,when,the,respective,service,providers,contact,the,Bank,requesting,such,information,,,transmitting,such,payment,orders,provided,that,all,the,requirements,set,forth,in,2.3,above,are,complied,with,and,the,Bank,is,successful,in,obtaining,the,strong,authentication,from,the,Customer,.,2.6,The,verification,of,the,circumstances,foreseen,in,the,precedent,paragraph,correspond,to,the,express,consent,by,the,Customer,for,the,provision,of,the,respective,services,and,,,in,those,cases,,,the,Bank,should,vonsider,any,request,for,information,or,order,or,instruction,received,from,the,respective,service,provider,as,being,a,request,for,information,,,order,or,instruction,given,to,the,Bank,by,the,Customer,itself,.,It,is,up,to,the,Customer,to,certify,if,the,service,provider,that,he,/,she,/,it,uses,has,his,/,her,/,its,express,authorisation,to,access,the,account,that,he,/,she,/,it,holds,with,the,Bank,,,being,also,responsible,for,the,consequences,deriving,from,supplying,customized,authentication,codes,through,the,remote,channels,to,non,-,authorised,third,parties,,,being,also,responsible,for,any,consequent,losses,.,2.7,The,Bank,is,obliged,to,make,the,IBAN,of,the,account,held,by,the,Customer,at,the,bank,available,to,the,TPP,and,,,depending,on,the,case,,,the,respective,balance,or,the,balance,and,transactions,,,or,to,accept,the,payment,operation,initiated,by,that,party,,,and,the,TPP,does,not,have,to,identify,the,Customer,nor,to,make,proof,of,the,contract,signed,with,him,/,her,to,provide,Open,Banking,services,and,have,direct,access,the,Bank,.,It,is,the,Customer's,responsibility,,,once,redirected,to,the,Millennium,bcp,website,/,app,,,to,confirm,the,thorisation,given,to,a,TPP,to,provide,certain,Open,Banking,services,and,have,direct,access,to,the,Bank,,,and,he,/,she,should,to,that,effect,,,at,www.millennumbcp.pt,,,correctly,introduce,the,User,Code,,,three,random,positions,of,the,Multichannel,Access,Code,and,an,Authentication,Code,sent,by,SMS,to,the,phone,number,registered,at,the,Bank,or,obtained,via,Token,,,or,in,the,Millennium,App,,,to,correctly,introduce,the,Security,PIN,made,up,of,four,numbers,and,an,Authentication,Code,sent,by,SMS,to,the,phone,number,registered,at,the,bank,.,Therefore,,,if,additional,information,is,requested,,,it,is,an,attempt,to,commit,fraud,and,the,same,should,be,(,This,is,a,Computer,-,generated,Document,),Page,18,of,19,Millennium,bcp,000 ution a 01525. sing as Talu. COM RT vill office Joã 29U C ere terclai Offic with th ommerc 7 1024522024030449611280ML19010111700MLTPDF03736 Millennium bcp reported by calling 918272424/935222424/965992424 (domestic call). From abroad call +351 210 05 24 24. 4. The User Code, the Multichannel Access Code and the PIN, indicated in ANNEX 1 - RISKS AND SAFETY RULES of these General Conditions, are personal, confidential and not transferable authentication data and Therefore the Customer cannot allow their use by third parties, using them in a strict and exclusively personal 5. Before deciding to share with third parties the balances and transaction of the accounts held with the Bank, the Customer must take the necessary steps to confirm that the TPP is a legitimate entity, namely whether it is a registered entity with Banco de Portugal or the National Competent Authority of the country of origin. 8. It is the TPP's obligation to provide clear and objective information about its identity and contact details, mose and basis for the processing of information concerning the Customer, the recipients of the data if there are any, the fact that it intends to transfer data to a third country, if that is the case. 7. The Customer must take into consideration that if he/she decides to give consent to TPPs to access bank and if, in addition, confirms in the Millennium bcp website/app the authorisation given to a TPP to provide Certain Open Banking service and have direct access to the Bank, the Bank cannot guarantee the way or the pose in which that information will be used by him/her, and because it is a payment Initiation Service, the transaction is therefore deemed as authorised, and the consent given for its execution cannot be cancelled. Notwithstanding, after the Customer's consent, under the terms mentioned above, and having had access to bank data that concerns it, the TPP is solely and exclusively responsible for the security of the data thus obtained. The Customer should bear in mind that he/she can manage and cancel the authorisations for Open Banking rovision of services given to the TPPS at the website/Millennium bcp app, by accessing the Area M at www.millenniumbcp.pt. The Customer can also call the Millennium bcp Helpline. 9. In any event, under the law, the Bank has the prerogative to refuse access by a TPP to the Customer's bank details if it considers that there is a risk of fraud. SIGNATURES I hereby declare that I have read and accept the provisions of the General Conditions, in ANNEX 1 - ACCESS RULES, RISKS AND SAFETY MEASURES and in ANNEX 2 - OPEN BANKING, and therefore fully subscribe this Contract, of which I received a copy 2024/03/04 Year Month Day The Customer Certification of the signatures The signature(s) match the current one(s) in our files and/or ID document(s) Banco Comercial Português, S.A. (Bank Signatures) Date 2024/03/04 (This is a Computer-generated Document) XNUC XNUX Page 19 of 19,000,ution,a,01525,.,sing,as,Talu,.,COM,RT,vill,office,Joã,29U,C,ere,terclai,Offic,with,th,ommerc,7,1024522024030449611280ML19010111700MLTPDF03736,Millennium,bcp,reported,by,calling,918272424/935222424/965992424,(,domestic,call,),.,From,abroad,call,+351,210,05,24,24,.,4.,The,User,Code,,,the,Multichannel,Access,Code,and,the,PIN,,,indicated,in,ANNEX,1,-,RISKS,AND,SAFETY,RULES,of,these,General,Conditions,,,are,personal,,,confidential,and,not,transferable,authentication,data,and,Therefore,the,Customer,cannot,allow,their,use,by,third,parties,,,using,them,in,a,strict,and,exclusively,personal,5.,Before,deciding,to,share,with,third,parties,the,balances,and,transaction,of,the,accounts,held,with,the,Bank,,,the,Customer,must,take,the,necessary,steps,to,confirm,that,the,TPP,is,a,legitimate,entity,,,namely,whether,it,is,a,registered,entity,with,Banco,de,Portugal,or,the,National,Competent,Authority,of,the,country,of,origin,.,8.,It,is,the,TPP's,obligation,to,provide,clear,and,objective,information,about,its,identity,and,contact,details,,,mose,and,basis,for,the,processing,of,information,concerning,the,Customer,,,the,recipients,of,the,data,if,there,are,any,,,the,fact,that,it,intends,to,transfer,data,to,a,third,country,,,if,that,is,the,case,.,7.,The,Customer,must,take,into,consideration,that,if,he,/,she,decides,to,give,consent,to,TPPs,to,access,bank,and,if,,,in,addition,,,confirms,in,the,Millennium,bcp,website,/,app,the,authorisation,given,to,a,TPP,to,provide,Certain,Open,Banking,service,and,have,direct,access,to,the,Bank,,,the,Bank,cannot,guarantee,the,way,or,the,pose,in,which,that,information,will,be,used,by,him,/,her,,,and,because,it,is,a,payment,Initiation,Service,,,the,transaction,is,therefore,deemed,as,authorised,,,and,the,consent,given,for,its,execution,cannot,be,cancelled,.,Notwithstanding,,,after,the,Customer's,consent,,,under,the,terms,mentioned,above,,,and,having,had,access,to,bank,data,that,concerns,it,,,the,TPP,is,solely,and,exclusively,responsible,for,the,security,of,the,data,thus,obtained,.,The,Customer,should,bear,in,mind,that,he,/,she,can,manage,and,cancel,the,authorisations,for,Open,Banking,rovision,of,services,given,to,the,TPPS,at,the,website,/,Millennium,bcp,app,,,by,accessing,the,Area,M,at,www.millenniumbcp.pt,.,The,Customer,can,also,call,the,Millennium,bcp,Helpline,.,9.,In,any,event,,,under,the,law,,,the,Bank,has,the,prerogative,to,refuse,access,by,a,TPP,to,the,Customer's,bank,details,if,it,considers,that,there,is,a,risk,of,fraud,.,SIGNATURES,I,hereby,declare,that,I,have,read,and,accept,the,provisions,of,the,General,Conditions,,,in,ANNEX,1,-,ACCESS,RULES,,,RISKS,AND,SAFETY,MEASURES,and,in,ANNEX,2,-,OPEN,BANKING,,,and,therefore,fully,subscribe,this,Contract,,,of,which,I,received,a,copy,2024/03/04,Year,Month,Day,The,Customer,Certification,of,the,signatures,The,signature,(,s,),match,the,current,one,(,s,),in,our,files,and,/,or,ID,document,(,s,),Banco,Comercial,Português,,,S.A.,(,Bank,Signatures,),Date,2024/03/04,(,This,is,a,Computer,-,generated,Document,),XNUC,XNUX,Page,19,of,19,1024522024030449611280ML02010111700MLTPDF03736 Millennium bcp issuance of orders on financial instruments, even in the stock exchange, the subscription and redemption of investment retail products and insurance-based investment products, the request of cheques, the contracting and termination of safes rental agreements, the purchase and sale of foreign currency, the creation, reinforcement or settlement of term deposits, the issue of guarantees, the contracting or management of leasing operations. 5. Within the scope of remote communications, the Customer agrees to be approached pursuant to the Bank's initiative. In the case of the Telephone channel, contacts will be made to the telephone numbers provided by the Customer. 6. For the purposes of the previous paragraph, the Customer expressly consents and requests the Bank, through these remote communication channels, as well as by e-mail, to disclose and present concrete proposals for the signing or amendment of contracts, subscription to products and services and execution of operations made remotely of financial products and services, including banking services, payments, loans, intermediation or investment in financial instruments, individual application agreements for open pension funds, even if such proposals involve a request for payment. 7. The Customer can link other current accounts he/she holds (aggregated accounts) with the Bank to the Remote Channels Service. However, in case of a tenants-in-common account or of a mixed-use account without autonomous powers to use it, the provisions of the following paragraph of this clause and in clause 8 (7) below shall especially apply. 8. Without prejudice to other measures for restricting access that the Bank may apply, if the current account or another linked account is a tenants-in-common account or a mixed use account where the Customer does not have autonomous powers to use it, (i) access to the Internet, Mobile and MTM channel is limited to viewing and obtaining information, without access to execute operations, (ii) the use of the Contact Centre to execute operations implies a verification procedure under the terms of clause 8 (7). 9. Through the remote channels, the Customer may ask to purchase products or services with third party entities, under the terms of the agreement entered between the latter and the Bank. 10. The provision of services through remote channels is also, in all that is not specifically foreseen, by the provisions of the clauses in the precedent Chapter A- Current Deposit Account General Conditions and Chapter B-Provision of Payment Services of the Account General Conditions which are deemed as herein reproduced for all due purposes. 11. All agreements concluded through the Remote Channels are subordinated to these General Conditions and the General, Special and Specific Conditions applicable to the contracting of each product or service provided, as well as the price list in force at the Bank, applicable legislation and banking use in general. BAR COMERCIA re *TUGUES .. a João 1, 28 OU-295 Oporto ving a share tal of 3.000 000,00 Euro istered at the Commercial Reginy Office of Opto with the single commercial registration and TIN 501 525 882 office at Pi. with regis Clause 2: Risks associated with the remote communication channels 1 The remote channels for the access of the Customer to the Bank are subject to risks of fraud, namely of phishing", as well as to consultation and carrying out of fraudulent operations by third parties not authorized by the Customer. 2. Phishing is a fraud that consists in replacing the identity of the Bank or of any trustworthy entity with the purpose of obtaining confidential information from the Customer, namely banking data, personal data, or access codes. Phishing attacks may be made through e-mails, SMS, or phone calls wherein the Bank's identity or the one from any trustworthy entity may be imitated and replaced. These e-mail messages or SMS may contain an attached file that installs malware in the Customer's equipment or forwards the Customer to a fraudulent web page that copies or reproduces the looks of the Bank's original page, wherein the Customer is asked to enter personal data and/or access codes as, for example, the User's Code, the password and/or (all) the positions of the Multichannel Code, the Authentication Code, the mobile phone number or the bank cards numbers; The Customer must be alert and bear in mind that both the e-mail messages or SMS, as well as the fraudulent web page, may be quite complex and sophisticated. The Customer must be suspicious of, namely: a) the degree of urgency of the messages threatening the Customer with the suspension of access to the account, of access codes or of the card if the Customer's data are not supplied immediately; b) the request for confirmation of personal data via e-mail or SMS, namely forwarding the Customer for the filling in of a form for the provision of personal data and access codes; c) spelling/grammar errors and other errors visible in the message or in the fraudulent web page or other data that suggest the suspicious origin of the same; d) of e-mail messages with attached links or files; e) the indication that the Customer must supply Authorization Code(s) sent by the Bank by SMS or generated via Token, for the simulation of transactions; The Customer commits to read carefully and strictly comply with the safety rules and recommendations (This is a Computer-generated Document) Page 2 of 19,1024522024030449611280ML02010111700MLTPDF03736,Millennium,bcp,issuance,of,orders,on,financial,instruments,,,even,in,the,stock,exchange,,,the,subscription,and,redemption,of,investment,retail,products,and,insurance,-,based,investment,products,,,the,request,of,cheques,,,the,contracting,and,termination,of,safes,rental,agreements,,,the,purchase,and,sale,of,foreign,currency,,,the,creation,,,reinforcement,or,settlement,of,term,deposits,,,the,issue,of,guarantees,,,the,contracting,or,management,of,leasing,operations,.,5.,Within,the,scope,of,remote,communications,,,the,Customer,agrees,to,be,approached,pursuant,to,the,Bank's,initiative,.,In,the,case,of,the,Telephone,channel,,,contacts,will,be,made,to,the,telephone,numbers,provided,by,the,Customer,.,6.,For,the,purposes,of,the,previous,paragraph,,,the,Customer,expressly,consents,and,requests,the,Bank,,,through,these,remote,communication,channels,,,as,well,as,by,e,-,mail,,,to,disclose,and,present,concrete,proposals,for,the,signing,or,amendment,of,contracts,,,subscription,to,products,and,services,and,execution,of,operations,made,remotely,of,financial,products,and,services,,,including,banking,services,,,payments,,,loans,,,intermediation,or,investment,in,financial,instruments,,,individual,application,agreements,for,open,pension,funds,,,even,if,such,proposals,involve,a,request,for,payment,.,7.,The,Customer,can,link,other,current,accounts,he,/,she,holds,(,aggregated,accounts,),with,the,Bank,to,the,Remote,Channels,Service,.,However,,,in,case,of,a,tenants,-,in,-,common,account,or,of,a,mixed,-,use,account,without,autonomous,powers,to,use,it,,,the,provisions,of,the,following,paragraph,of,this,clause,and,in,clause,8,(,7,),below,shall,especially,apply,.,8.,Without,prejudice,to,other,measures,for,restricting,access,that,the,Bank,may,apply,,,if,the,current,account,or,another,linked,account,is,a,tenants,-,in,-,common,account,or,a,mixed,use,account,where,the,Customer,does,not,have,autonomous,powers,to,use,it,,,(,i,),access,to,the,Internet,,,Mobile,and,MTM,channel,is,limited,to,viewing,and,obtaining,information,,,without,access,to,execute,operations,,,(,ii,),the,use,of,the,Contact,Centre,to,execute,operations,implies,a,verification,procedure,under,the,terms,of,clause,8,(,7,),.,9.,Through,the,remote,channels,,,the,Customer,may,ask,to,purchase,products,or,services,with,third,party,entities,,,under,the,terms,of,the,agreement,entered,between,the,latter,and,the,Bank,.,10.,The,provision,of,services,through,remote,channels,is,also,,,in,all,that,is,not,specifically,foreseen,,,by,the,provisions,of,the,clauses,in,the,precedent,Chapter,A-,Current,Deposit,Account,General,Conditions,and,Chapter,B,-,Provision,of,Payment,Services,of,the,Account,General,Conditions,which,are,deemed,as,herein,reproduced,for,all,due,purposes,.,11.,All,agreements,concluded,through,the,Remote,Channels,are,subordinated,to,these,General,Conditions,and,the,General,,,Special,and,Specific,Conditions,applicable,to,the,contracting,of,each,product,or,service,provided,,,as,well,as,the,price,list,in,force,at,the,Bank,,,applicable,legislation,and,banking,use,in,general,.,BAR,COMERCIA,re,*,TUGUES,..,a,João,1,,,28,OU,-,295,Oporto,ving,a,share,tal,of,3.000,000,00,Euro,istered,at,the,Commercial,Reginy,Office,of,Opto,with,the,single,commercial,registration,and,TIN,501,525,882,office,at,Pi,.,with,regis,Clause,2,:,Risks,associated,with,the,remote,communication,channels,1,The,remote,channels,for,the,access,of,the,Customer,to,the,Bank,are,subject,to,risks,of,fraud,,,namely,of,phishing,",,,as,well,as,to,consultation,and,carrying,out,of,fraudulent,operations,by,third,parties,not,authorized,by,the,Customer,.,2.,Phishing,is,a,fraud,that,consists,in,replacing,the,identity,of,the,Bank,or,of,any,trustworthy,entity,with,the,purpose,of,obtaining,confidential,information,from,the,Customer,,,namely,banking,data,,,personal,data,,,or,access,codes,.,Phishing,attacks,may,be,made,through,e,-,mails,,,SMS,,,or,phone,calls,wherein,the,Bank's,identity,or,the,one,from,any,trustworthy,entity,may,be,imitated,and,replaced,.,These,e,-,mail,messages,or,SMS,may,contain,an,attached,file,that,installs,malware,in,the,Customer's,equipment,or,forwards,the,Customer,to,a,fraudulent,web,page,that,copies,or,reproduces,the,looks,of,the,Bank's,original,page,,,wherein,the,Customer,is,asked,to,enter,personal,data,and,/,or,access,codes,as,,,for,example,,,the,User's,Code,,,the,password,and,/,or,(,all,),the,positions,of,the,Multichannel,Code,,,the,Authentication,Code,,,the,mobile,phone,number,or,the,bank,cards,numbers,;,The,Customer,must,be,alert,and,bear,in,mind,that,both,the,e,-,mail,messages,or,SMS,,,as,well,as,the,fraudulent,web,page,,,may,be,quite,complex,and,sophisticated,.,The,Customer,must,be,suspicious,of,,,namely,:,a,),the,degree,of,urgency,of,the,messages,threatening,the,Customer,with,the,suspension,of,access,to,the,account,,,of,access,codes,or,of,the,card,if,the,Customer's,data,are,not,supplied,immediately,;,b,),the,request,for,confirmation,of,personal,data,via,e,-,mail,or,SMS,,,namely,forwarding,the,Customer,for,the,filling,in,of,a,form,for,the,provision,of,personal,data,and,access,codes,;,c,),spelling,/,grammar,errors,and,other,errors,visible,in,the,message,or,in,the,fraudulent,web,page,or,other,data,that,suggest,the,suspicious,origin,of,the,same,;,d,),of,e,-,mail,messages,with,attached,links,or,files,;,e,),the,indication,that,the,Customer,must,supply,Authorization,Code,(,s,),sent,by,the,Bank,by,SMS,or,generated,via,Token,,,for,the,simulation,of,transactions,;,The,Customer,commits,to,read,carefully,and,strictly,comply,with,the,safety,rules,and,recommendations,(,This,is,a,Computer,-,generated,Document,),Page,2,of,19,E asiba 28.10 inçle " O SANC 8. stere Mec egistr 1024522024030449611280ML19010111700MLTPDF03736 Millennium bcp Reported by calling 918272424/935222424/965992424 (domestic call). From abroad call +351 210 05 24 24. The User Code, the Multichannel Access Code and the PIN, indicated in ANNEX 1 - RISKS AND SAFETY RULES of these General Conditions, are personal, confidential and not transferable authentication data and therefore the Customer cannot allow their use by third parties, using them in a strict and exclusively personal manner. efore deciding to share with third parties the balances and transaction of the accounts held with the Bank, stomer must take the necessary steps to confirm that the TPP is a legitimate entity, namely whether it is Registered entity with Banco de Portugal or the National Competent Authority of the country of origin. 6. It is the TPP's obligation to provide clear and objective information about its identity and contact details, purpose and basis for the processing of information concerning the Customer, the recipients of the data if there are any, the fact that it intends to transfer data a third country, if that is the case. Customer must take into consideration that if he/she decides to give consent to TPPS to access bank ata and if, in addition, confirms in the Millennium bcp website/app the authorisation given to a TPP to provide a certain Open Banking service and have direct access to the Bank, the Bank cannot guarantee the way or the purpose in which that information will be used by him/her, and because it is a payment Initiation Service, the Transaction is therefore deemed as authorised, and the consent given for its execution cannot be cancelled. Notwithstanding, after the Customer's consent, under the terms mentioned above, and having had access to Dank data that concerns it, the TPP is solely and exclusively responsible for the security of the data thus |obtained. 18. The Customer should bear in mind that he/she can manage and cancel the authorisations for Open Banking rovision of services given to the TPPS at the website/Millennium bcp app, by accessing the Area M at w millenniumbcp.pt. The Customer can also call the Millennium bcp Helpline. In any event, under the law, the Bank has the prerogative to refuse access by a TPP to the Customer's bank If it considers that there is a risk of fraud. SIGNATURES hereby declare that I have read and accept the provisions of the General Conditions, in ANNEX 1 - ACCESS RULES, RISKS AND SAFETY MEASURES and in ANNEX 2 - OPEN BANKING, and therefore fully subscribe this act, of which I received a copy Date 2024/03/04 Year Month Day The Customer Certification of the signatures The signature(s) match the current one(s) in our files and/or ID document(s) Banco Comercial Português, S.A. (Bank Signatures) Date 2024/03/04 s is a Computer-generated Document) XNUC XNUX Page 19 of 19,E,asiba,28.10,inçle,",O,SANC,8,.,stere,Mec,egistr,1024522024030449611280ML19010111700MLTPDF03736,Millennium,bcp,Reported,by,calling,918272424/935222424/965992424,(,domestic,call,),.,From,abroad,call,+351,210,05,24,24,.,The,User,Code,,,the,Multichannel,Access,Code,and,the,PIN,,,indicated,in,ANNEX,1,-,RISKS,AND,SAFETY,RULES,of,these,General,Conditions,,,are,personal,,,confidential,and,not,transferable,authentication,data,and,therefore,the,Customer,cannot,allow,their,use,by,third,parties,,,using,them,in,a,strict,and,exclusively,personal,manner,.,efore,deciding,to,share,with,third,parties,the,balances,and,transaction,of,the,accounts,held,with,the,Bank,,,stomer,must,take,the,necessary,steps,to,confirm,that,the,TPP,is,a,legitimate,entity,,,namely,whether,it,is,Registered,entity,with,Banco,de,Portugal,or,the,National,Competent,Authority,of,the,country,of,origin,.,6.,It,is,the,TPP's,obligation,to,provide,clear,and,objective,information,about,its,identity,and,contact,details,,,purpose,and,basis,for,the,processing,of,information,concerning,the,Customer,,,the,recipients,of,the,data,if,there,are,any,,,the,fact,that,it,intends,to,transfer,data,a,third,country,,,if,that,is,the,case,.,Customer,must,take,into,consideration,that,if,he,/,she,decides,to,give,consent,to,TPPS,to,access,bank,ata,and,if,,,in,addition,,,confirms,in,the,Millennium,bcp,website,/,app,the,authorisation,given,to,a,TPP,to,provide,a,certain,Open,Banking,service,and,have,direct,access,to,the,Bank,,,the,Bank,cannot,guarantee,the,way,or,the,purpose,in,which,that,information,will,be,used,by,him,/,her,,,and,because,it,is,a,payment,Initiation,Service,,,the,Transaction,is,therefore,deemed,as,authorised,,,and,the,consent,given,for,its,execution,cannot,be,cancelled,.,Notwithstanding,,,after,the,Customer's,consent,,,under,the,terms,mentioned,above,,,and,having,had,access,to,Dank,data,that,concerns,it,,,the,TPP,is,solely,and,exclusively,responsible,for,the,security,of,the,data,thus,|,obtained,.,18.,The,Customer,should,bear,in,mind,that,he,/,she,can,manage,and,cancel,the,authorisations,for,Open,Banking,rovision,of,services,given,to,the,TPPS,at,the,website,/,Millennium,bcp,app,,,by,accessing,the,Area,M,at,w,millenniumbcp.pt,.,The,Customer,can,also,call,the,Millennium,bcp,Helpline,.,In,any,event,,,under,the,law,,,the,Bank,has,the,prerogative,to,refuse,access,by,a,TPP,to,the,Customer's,bank,If,it,considers,that,there,is,a,risk,of,fraud,.,SIGNATURES,hereby,declare,that,I,have,read,and,accept,the,provisions,of,the,General,Conditions,,,in,ANNEX,1,-,ACCESS,RULES,,,RISKS,AND,SAFETY,MEASURES,and,in,ANNEX,2,-,OPEN,BANKING,,,and,therefore,fully,subscribe,this,act,,,of,which,I,received,a,copy,Date,2024/03/04,Year,Month,Day,The,Customer,Certification,of,the,signatures,The,signature,(,s,),match,the,current,one,(,s,),in,our,files,and,/,or,ID,document,(,s,),Banco,Comercial,Português,,,S.A.,(,Bank,Signatures,),Date,2024/03/04,s,is,a,Computer,-,generated,Document,),XNUC,XNUX,Page,19,of,19,1024522024030449611280ML19010111700MLTPDF03736 Millennium bcp PP TOG 12 cial: mported by calling 918272424/935222424/965992424 (domestic call). From abroad call +351 210 05 24 24. The User Code, the Multichannel Access Code and the PIN, indicated in ANNEX 1 - RISKS AND SAFETY ROLES of these General Conditions, are personal, confidential and not transferable authentication data and therefore the Customer cannot allow their use by third parties, using them in a strict and exclusively personal manner. 2efore deciding to share with third parties the balances and transaction of the accounts held with the Bank, Customer must take the necessary steps to confirm that the TPP is a legitimate entity, namely whether it is stered entity with Banco de Portugal or the National Competent Authority of the country of origin. It is the TPP's obligation to provide clear and objective information about its identity and contact details, purpose and basis for the processing of information concerning the Customer, the recipients of the data if there y the fact that it intends to transfer data → a third country, if that is the case. The Customer must take into consideration that if he/she decides to give consent to TPPs to access bank and if, in addition, confirms in the Millennium bcp website/app the authorisation given to a TPP to provide a certain Open Banking service and have direct access to the Bank, the Bank cannot guarantee the way or the purpose in which that information will be used by him/her, and because it is a payment Initiation Service, the ransaction is therefore deemed as authorised, and the consent given for its execution cannot be cancelled. withstanding, after the Customer's consent, under the terms mentioned above, and having had access to anta that concerns it, the TPP is solely and exclusively responsible for the security of the data thus The Customer should bear in mind that he/she can manage and cancel the authorisations for Open Banking provision of services given to the TPPs at the website/Millennium bcp app, by accessing the Area M at wwwww.millenniumbcp.pt. The Customer can also call the Millennium bcp Helpline. In any event, under the law, the Bank has the prerogative to refuse access by a TPP to the Customer's bank details if it considers that there is a risk of fraud. SIGNATURES hereby declare that I have read and accept the provisions of the General Conditions, in ANNEX 1 - ACCESS ES RISKS AND SAFETY MEASURES and in ANNEX 2 - OPEN BANKING, and therefore fully subscribe this ontract, of which I received a copy Date 2024/03/04 Year Month Day SAND CIAL Co e of The Customer Corification of the signatures The signature(s) match the current one(s) in our files and/or ID document(s) Banco Comercial Português, S.A. (Bank Signatures) Date 2024/03/04 (This is a Computer-generated Document) XNUC XNUX Page 19 of 19,1024522024030449611280ML19010111700MLTPDF03736,Millennium,bcp,PP,TOG,12,cial,:,mported,by,calling,918272424/935222424/965992424,(,domestic,call,),.,From,abroad,call,+351,210,05,24,24,.,The,User,Code,,,the,Multichannel,Access,Code,and,the,PIN,,,indicated,in,ANNEX,1,-,RISKS,AND,SAFETY,ROLES,of,these,General,Conditions,,,are,personal,,,confidential,and,not,transferable,authentication,data,and,therefore,the,Customer,cannot,allow,their,use,by,third,parties,,,using,them,in,a,strict,and,exclusively,personal,manner,.,2efore,deciding,to,share,with,third,parties,the,balances,and,transaction,of,the,accounts,held,with,the,Bank,,,Customer,must,take,the,necessary,steps,to,confirm,that,the,TPP,is,a,legitimate,entity,,,namely,whether,it,is,stered,entity,with,Banco,de,Portugal,or,the,National,Competent,Authority,of,the,country,of,origin,.,It,is,the,TPP's,obligation,to,provide,clear,and,objective,information,about,its,identity,and,contact,details,,,purpose,and,basis,for,the,processing,of,information,concerning,the,Customer,,,the,recipients,of,the,data,if,there,y,the,fact,that,it,intends,to,transfer,data,→,a,third,country,,,if,that,is,the,case,.,The,Customer,must,take,into,consideration,that,if,he,/,she,decides,to,give,consent,to,TPPs,to,access,bank,and,if,,,in,addition,,,confirms,in,the,Millennium,bcp,website,/,app,the,authorisation,given,to,a,TPP,to,provide,a,certain,Open,Banking,service,and,have,direct,access,to,the,Bank,,,the,Bank,cannot,guarantee,the,way,or,the,purpose,in,which,that,information,will,be,used,by,him,/,her,,,and,because,it,is,a,payment,Initiation,Service,,,the,ransaction,is,therefore,deemed,as,authorised,,,and,the,consent,given,for,its,execution,cannot,be,cancelled,.,withstanding,,,after,the,Customer's,consent,,,under,the,terms,mentioned,above,,,and,having,had,access,to,anta,that,concerns,it,,,the,TPP,is,solely,and,exclusively,responsible,for,the,security,of,the,data,thus,The,Customer,should,bear,in,mind,that,he,/,she,can,manage,and,cancel,the,authorisations,for,Open,Banking,provision,of,services,given,to,the,TPPs,at,the,website,/,Millennium,bcp,app,,,by,accessing,the,Area,M,at,wwwww.millenniumbcp.pt,.,The,Customer,can,also,call,the,Millennium,bcp,Helpline,.,In,any,event,,,under,the,law,,,the,Bank,has,the,prerogative,to,refuse,access,by,a,TPP,to,the,Customer's,bank,details,if,it,considers,that,there,is,a,risk,of,fraud,.,SIGNATURES,hereby,declare,that,I,have,read,and,accept,the,provisions,of,the,General,Conditions,,,in,ANNEX,1,-,ACCESS,ES,RISKS,AND,SAFETY,MEASURES,and,in,ANNEX,2,-,OPEN,BANKING,,,and,therefore,fully,subscribe,this,ontract,,,of,which,I,received,a,copy,Date,2024/03/04,Year,Month,Day,SAND,CIAL,Co,e,of,The,Customer,Corification,of,the,signatures,The,signature,(,s,),match,the,current,one,(,s,),in,our,files,and,/,or,ID,document,(,s,),Banco,Comercial,Português,,,S.A.,(,Bank,Signatures,),Date,2024/03/04,(,This,is,a,Computer,-,generated,Document,),XNUC,XNUX,Page,19,of,19,1024522024030449611280ML03010111700MLTPDF03736 Millennium bcp stated in ANNEX 1 - SAFETY RISKS AND RULES, that is an integral part of this contract, as well as to consult and read, at least once every three months, the safety warnings and the periodical warnings disclosed by the bank at its website www.millenniumbcp.pt, including the description of the frauds attempted during that period for the fraudulent capture of the User's Code, the Multichannel code and remaining customized access credentials of the Customers. 5. The Bank is in charge of ensuring that its website, Mobile Banking and MTM services are reliable and that its servers and IT components are safe. The Customer is responsible for the safety and reliability of the IT and communications equipment used to ccess remote channels, namely computers, mobile phones and internet connections owned by him/her/it or muer his/her/its care, under the terms of the following numbers and the security recommendations and rules mentioned in ANNEX 1 - RISKS AND SAFETY RULES, described below. 7. The Customer must possess computer and communication equipment with the appropriate characteristics to be able to access the Bank through remote channels, being his/her/its responsibility the security, maintenance and any modifications necessary to ensure permanent access to the Bank via this channel, in accordance with the technological innovations and changes that may be introduced and must strictly comply with the safety recommendations and rules set forth in ANNEX 1 - RISKS AND SAFETY RULES, below, as well as with the alerts disclosed by the Bank, at any moment, at the bank's website www.millenniumbcp.pt. 8. The minimum requirements in terms of equipment and communications necessary, at any time, to use each remote channel are described at www.millenniumbcp.pt, in the information spaces of each channel that the Customer commits to periodically consult and to comply with diligently. Clause 3 Open Banking It is herein expressly agreed and accepted that, in accordance with the requirements of the Directive (EU) 15/2366 of 25.03.2015 and the legal provisions that regulate it and transpose it, the Bank under its capacity e provider of payment services that manages the Associated Account is obliged to make the access to the above mentioned account available to third parties payment services providers without the need of the establishment of any contractual relation between these and the Bank and provided that the Customer gives its consent for purposes of the provision of the services of aggregation of accounts, payment initiation and confirmation of balances, better described in ANNEX 2 - OPEN BANKING. BA OMEROM .וחכחי led at the with e Bercia R office at i João L y office of SONO with the s **-295 Op Commercia nga sh. 1. tion and al o. 3 # 525 88 00,00 E Clause 4: Codes for Customer's Authentication 1. A Multichannel Code may be attributed to access the Contact Centre, Internet, Mobile and MTMT o the Customer that expressly requests so to the bank through the web page of the website www.millenniumbcp.pt, Mobile channel, a Branch or a Multibanco ATM. 2. Access to the internet, Mobile and MTM channels requires an additional User Code, which should be altered the first time the Customer logs on to Internet www.millenniumbcp.pt 3. The Customer shall also receive a code named Confirmation Key to validate transactions made through the telephone channel or contact centre. The access through Apple Watch to the current deposits account and to other aggregated accounts is additionally subject to identification and recognition processes defined in separate contractual clauses. 5. The access to the MTM channel may additionally be made with a personalized bank card and correct entering of the respective PIN. 16. The Bank never asks a Customer to enter the Multichannel Code or the Confirmation Key in full. For the signing of specific legal acts or businesses in the remote channels, namely the making of payment orations above a determined amount by debiting the current account or an account aggregated to the service, an additional recognition may be requested through (i) a Customer Strong Authentication system (AFC) prior confirmation of the operation with a biometric data or a code generated via Token or sent by SMS to the Customer's mobile phone number at the moment the same is made, or (ii) confirmation of the operation with random positions of the multichannel Code or the Customer's Confirmation Key. - 18 Through the services available, the Customer may at any time define and manage the payment operations that involving any type of change to their assets and according to the beneficiaries concerned, do not require additional indication of an AFC or a confirmation key to be executed. 9. The Bank may at any time define a set of conditions - in relation to beneficiaries, amounts and/or operations whose verification does not require that the Customer uses an AFC or an additional Confirmation Key to execute those operations. 13 At www.millenniumbcp.pt the Customer can, at any moment, alter the User's Code and an also the (This is a Computer-generated Document) Page 3 of 19,1024522024030449611280ML03010111700MLTPDF03736,Millennium,bcp,stated,in,ANNEX,1,-,SAFETY,RISKS,AND,RULES,,,that,is,an,integral,part,of,this,contract,,,as,well,as,to,consult,and,read,,,at,least,once,every,three,months,,,the,safety,warnings,and,the,periodical,warnings,disclosed,by,the,bank,at,its,website,www.millenniumbcp.pt,,,including,the,description,of,the,frauds,attempted,during,that,period,for,the,fraudulent,capture,of,the,User's,Code,,,the,Multichannel,code,and,remaining,customized,access,credentials,of,the,Customers,.,5.,The,Bank,is,in,charge,of,ensuring,that,its,website,,,Mobile,Banking,and,MTM,services,are,reliable,and,that,its,servers,and,IT,components,are,safe,.,The,Customer,is,responsible,for,the,safety,and,reliability,of,the,IT,and,communications,equipment,used,to,ccess,remote,channels,,,namely,computers,,,mobile,phones,and,internet,connections,owned,by,him,/,her,/,it,or,muer,his,/,her,/,its,care,,,under,the,terms,of,the,following,numbers,and,the,security,recommendations,and,rules,mentioned,in,ANNEX,1,-,RISKS,AND,SAFETY,RULES,,,described,below,.,7.,The,Customer,must,possess,computer,and,communication,equipment,with,the,appropriate,characteristics,to,be,able,to,access,the,Bank,through,remote,channels,,,being,his,/,her,/,its,responsibility,the,security,,,maintenance,and,any,modifications,necessary,to,ensure,permanent,access,to,the,Bank,via,this,channel,,,in,accordance,with,the,technological,innovations,and,changes,that,may,be,introduced,and,must,strictly,comply,with,the,safety,recommendations,and,rules,set,forth,in,ANNEX,1,-,RISKS,AND,SAFETY,RULES,,,below,,,as,well,as,with,the,alerts,disclosed,by,the,Bank,,,at,any,moment,,,at,the,bank's,website,www.millenniumbcp.pt,.,8.,The,minimum,requirements,in,terms,of,equipment,and,communications,necessary,,,at,any,time,,,to,use,each,remote,channel,are,described,at,www.millenniumbcp.pt,,,in,the,information,spaces,of,each,channel,that,the,Customer,commits,to,periodically,consult,and,to,comply,with,diligently,.,Clause,3,Open,Banking,It,is,herein,expressly,agreed,and,accepted,that,,,in,accordance,with,the,requirements,of,the,Directive,(,EU,),15/2366,of,25.03.2015,and,the,legal,provisions,that,regulate,it,and,transpose,it,,,the,Bank,under,its,capacity,e,provider,of,payment,services,that,manages,the,Associated,Account,is,obliged,to,make,the,access,to,the,above,mentioned,account,available,to,third,parties,payment,services,providers,without,the,need,of,the,establishment,of,any,contractual,relation,between,these,and,the,Bank,and,provided,that,the,Customer,gives,its,consent,for,purposes,of,the,provision,of,the,services,of,aggregation,of,accounts,,,payment,initiation,and,confirmation,of,balances,,,better,described,in,ANNEX,2,-,OPEN,BANKING,.,BA,OMEROM,.וחכחי,led,at,the,with,e,Bercia,R,office,at,i,João,L,y,office,of,SONO,with,the,s,**,-,295,Op,Commercia,nga,sh,.,1.,tion,and,al,o,.,3,#,525,88,00,00,E,Clause,4,:,Codes,for,Customer's,Authentication,1.,A,Multichannel,Code,may,be,attributed,to,access,the,Contact,Centre,,,Internet,,,Mobile,and,MTMT,o,the,Customer,that,expressly,requests,so,to,the,bank,through,the,web,page,of,the,website,www.millenniumbcp.pt,,,Mobile,channel,,,a,Branch,or,a,Multibanco,ATM,.,2.,Access,to,the,internet,,,Mobile,and,MTM,channels,requires,an,additional,User,Code,,,which,should,be,altered,the,first,time,the,Customer,logs,on,to,Internet,www.millenniumbcp.pt,3.,The,Customer,shall,also,receive,a,code,named,Confirmation,Key,to,validate,transactions,made,through,the,telephone,channel,or,contact,centre,.,The,access,through,Apple,Watch,to,the,current,deposits,account,and,to,other,aggregated,accounts,is,additionally,subject,to,identification,and,recognition,processes,defined,in,separate,contractual,clauses,.,5.,The,access,to,the,MTM,channel,may,additionally,be,made,with,a,personalized,bank,card,and,correct,entering,of,the,respective,PIN,.,16.,The,Bank,never,asks,a,Customer,to,enter,the,Multichannel,Code,or,the,Confirmation,Key,in,full,.,For,the,signing,of,specific,legal,acts,or,businesses,in,the,remote,channels,,,namely,the,making,of,payment,orations,above,a,determined,amount,by,debiting,the,current,account,or,an,account,aggregated,to,the,service,,,an,additional,recognition,may,be,requested,through,(,i,),a,Customer,Strong,Authentication,system,(,AFC,),prior,confirmation,of,the,operation,with,a,biometric,data,or,a,code,generated,via,Token,or,sent,by,SMS,to,the,Customer's,mobile,phone,number,at,the,moment,the,same,is,made,,,or,(,ii,),confirmation,of,the,operation,with,random,positions,of,the,multichannel,Code,or,the,Customer's,Confirmation,Key,.,-,18,Through,the,services,available,,,the,Customer,may,at,any,time,define,and,manage,the,payment,operations,that,involving,any,type,of,change,to,their,assets,and,according,to,the,beneficiaries,concerned,,,do,not,require,additional,indication,of,an,AFC,or,a,confirmation,key,to,be,executed,.,9.,The,Bank,may,at,any,time,define,a,set,of,conditions,-,in,relation,to,beneficiaries,,,amounts,and,/,or,operations,whose,verification,does,not,require,that,the,Customer,uses,an,AFC,or,an,additional,Confirmation,Key,to,execute,those,operations,.,13,At,www.millenniumbcp.pt,the,Customer,can,,,at,any,moment,,,alter,the,User's,Code,and,an,also,the,(,This,is,a,Computer,-,generated,Document,),Page,3,of,19,NO COMER DRUK gdered at t TIM office a ⠀⠀ry Office o DD.เอฟ LE Opor C with the 0-295 C ⚫ommerc wing a sation a TO: 525 100,0 1024522024030449611280ML04010111700MLTPDF03736 Multichannel Code. The Confirmation Key can also be altered through the Contact Centre channel (only through the automatic Voice Response System). The Multichannel Code can also be altered through the Contact Centre channel (only through the automatic Voice Response System) and the Mobile channel security area). 1. To carry out some transactions or to change personal data, additional security data (personal or related to the Bank) may be requested by means of a personalized contact from the Contact Centre. Millennium bcp Clause 5 Digital Mobile Key 1. On Internet and Mobile channels, exclusively for access and authentication regarding those channels, the Customer may choose, as an alternative to using the codes mentioned in the previous chapter, to use the Digital Mobile Key authentication service made available by the Portuguese State and sub-contracted by the Bank. 12. The Digital Mobile Key is a mean to access and authenticate that enables associating a mobile phone number to the civil identification number of a Portuguese citizen or the number of the passport for a foreign | citizen residing in Portugal. The Digital Mobile Key enables the user to be authenticated through: a) Mobile number; b) PIN Non-transferable personal identification number created when of the registration of the Digital Mobile Key; c) The one off and temporary Safety Code formed by 6 numbers sent by SMS to the mobile phone number of the Customer or via "Autenticação Gov" App. 3. By choosing one of these methods, the Customer is responsible for the safe use of the PIN as well as of the mobile phone associated to the registration. 4 Access to the Bank's Internet and Mobile channels using the Digital Mobile Key authentication requires the Customer's prior application on the authenticacao.gov.pt website or in person at Espaços Cidadão. By selecting this form of authentication the Customer is redirected in a safe manner to the State Authentication service where he/she is informed of the data requested by the Bank and explicitly agrees with that transmission. 6. It is hereby expressly agreed that the authentication of the user using the Digital Mobile Key gives the Bank the legitimacy to grant access to the chosen internet or Mobile channel chosen and to the Customer's current Deposit account(s). Clause 6: Convention on proof 1 The access and use of the Bank's remote channels, namely for the making of payment transactions, transmission of orders and instructions, is subject to the correct use, in compliance with the provisions of these Clauses and respective Annex I - Risks and Safety Rules below, of the following: a) The User's Code, the Multichannel Access Code, the Confirmation key and/or unique utilization code sent by the Bank to the Customer's mobile phone number provided to the bank for the making of remote transactions or generated by Token; and b) The mobile phone or mobile equipment of the Customer with the mobile number previously provided to the Bank for carrying out remote transactions, and/or in which he/she has installed a Millennium App or the MB Way App associated to a payment card issued by the Bank; and c) The e-mail address of the Customer indicated to the Bank for exchange of remote communications and/or for purposes of authentication before the Bank. All codes and remaining data and equipment of the Customer indicated in the paragraphs of the previous mber are personalised security credentials that allow the Bank to verify the identity of the Customer, menticate the respective access and use of the remote channel and establish the validity of the orders therein transmitted, being an e-signature, object of an individual and exclusive right of the Customer, the use of which identifies the Customer before the Bank and constitutes evidence that the instructions and e-documents transmitted this way to the Bank were made by the Customer. 3. The parties accept the legal equivalence of the security credentials mentioned above, as well of the Mobile Digital Key to the Customer's handwritten signatures. *. All requests for information, transmission of orders, instructions, or contract signing or signing of any legal acts or businesses using the above mentioned customized security credentials, as well as the Digital Mobile Key under the terms agreed hereunder, will be construed by the Bank as being made by the Customer and the Bank will not be required to verify the user's ID in any other way. 15 The provisions set forth in the previous number cannot be interpreted as able of preventing the Bank from his is a Computer-generated Document) Page 4 of 19,NO,COMER,DRUK,gdered,at,t,TIM,office,a,⠀⠀,ry,Office,o,DD,.,เอ,ฟ,LE,Opor,C,with,the,0-295,C,⚫ommerc,wing,a,sation,a,TO,:,525,100,0,1024522024030449611280ML04010111700MLTPDF03736,Multichannel,Code,.,The,Confirmation,Key,can,also,be,altered,through,the,Contact,Centre,channel,(,only,through,the,automatic,Voice,Response,System,),.,The,Multichannel,Code,can,also,be,altered,through,the,Contact,Centre,channel,(,only,through,the,automatic,Voice,Response,System,),and,the,Mobile,channel,security,area,),.,1.,To,carry,out,some,transactions,or,to,change,personal,data,,,additional,security,data,(,personal,or,related,to,the,Bank,),may,be,requested,by,means,of,a,personalized,contact,from,the,Contact,Centre,.,Millennium,bcp,Clause,5,Digital,Mobile,Key,1.,On,Internet,and,Mobile,channels,,,exclusively,for,access,and,authentication,regarding,those,channels,,,the,Customer,may,choose,,,as,an,alternative,to,using,the,codes,mentioned,in,the,previous,chapter,,,to,use,the,Digital,Mobile,Key,authentication,service,made,available,by,the,Portuguese,State,and,sub,-,contracted,by,the,Bank,.,12.,The,Digital,Mobile,Key,is,a,mean,to,access,and,authenticate,that,enables,associating,a,mobile,phone,number,to,the,civil,identification,number,of,a,Portuguese,citizen,or,the,number,of,the,passport,for,a,foreign,|,citizen,residing,in,Portugal,.,The,Digital,Mobile,Key,enables,the,user,to,be,authenticated,through,:,a,),Mobile,number,;,b,),PIN,Non,-,transferable,personal,identification,number,created,when,of,the,registration,of,the,Digital,Mobile,Key,;,c,),The,one,off,and,temporary,Safety,Code,formed,by,6,numbers,sent,by,SMS,to,the,mobile,phone,number,of,the,Customer,or,via,",Autenticação,Gov,",App,.,3.,By,choosing,one,of,these,methods,,,the,Customer,is,responsible,for,the,safe,use,of,the,PIN,as,well,as,of,the,mobile,phone,associated,to,the,registration,.,4,Access,to,the,Bank's,Internet,and,Mobile,channels,using,the,Digital,Mobile,Key,authentication,requires,the,Customer's,prior,application,on,the,authenticacao.gov.pt,website,or,in,person,at,Espaços,Cidadão,.,By,selecting,this,form,of,authentication,the,Customer,is,redirected,in,a,safe,manner,to,the,State,Authentication,service,where,he,/,she,is,informed,of,the,data,requested,by,the,Bank,and,explicitly,agrees,with,that,transmission,.,6.,It,is,hereby,expressly,agreed,that,the,authentication,of,the,user,using,the,Digital,Mobile,Key,gives,the,Bank,the,legitimacy,to,grant,access,to,the,chosen,internet,or,Mobile,channel,chosen,and,to,the,Customer's,current,Deposit,account,(,s,),.,Clause,6,:,Convention,on,proof,1,The,access,and,use,of,the,Bank's,remote,channels,,,namely,for,the,making,of,payment,transactions,,,transmission,of,orders,and,instructions,,,is,subject,to,the,correct,use,,,in,compliance,with,the,provisions,of,these,Clauses,and,respective,Annex,I,-,Risks,and,Safety,Rules,below,,,of,the,following,:,a,),The,User's,Code,,,the,Multichannel,Access,Code,,,the,Confirmation,key,and,/,or,unique,utilization,code,sent,by,the,Bank,to,the,Customer's,mobile,phone,number,provided,to,the,bank,for,the,making,of,remote,transactions,or,generated,by,Token,;,and,b,),The,mobile,phone,or,mobile,equipment,of,the,Customer,with,the,mobile,number,previously,provided,to,the,Bank,for,carrying,out,remote,transactions,,,and,/,or,in,which,he,/,she,has,installed,a,Millennium,App,or,the,MB,Way,App,associated,to,a,payment,card,issued,by,the,Bank,;,and,c,),The,e,-,mail,address,of,the,Customer,indicated,to,the,Bank,for,exchange,of,remote,communications,and,/,or,for,purposes,of,authentication,before,the,Bank,.,All,codes,and,remaining,data,and,equipment,of,the,Customer,indicated,in,the,paragraphs,of,the,previous,mber,are,personalised,security,credentials,that,allow,the,Bank,to,verify,the,identity,of,the,Customer,,,menticate,the,respective,access,and,use,of,the,remote,channel,and,establish,the,validity,of,the,orders,therein,transmitted,,,being,an,e,-,signature,,,object,of,an,individual,and,exclusive,right,of,the,Customer,,,the,use,of,which,identifies,the,Customer,before,the,Bank,and,constitutes,evidence,that,the,instructions,and,e,-,documents,transmitted,this,way,to,the,Bank,were,made,by,the,Customer,.,3.,The,parties,accept,the,legal,equivalence,of,the,security,credentials,mentioned,above,,,as,well,of,the,Mobile,Digital,Key,to,the,Customer's,handwritten,signatures,.,*,.,All,requests,for,information,,,transmission,of,orders,,,instructions,,,or,contract,signing,or,signing,of,any,legal,acts,or,businesses,using,the,above,mentioned,customized,security,credentials,,,as,well,as,the,Digital,Mobile,Key,under,the,terms,agreed,hereunder,,,will,be,construed,by,the,Bank,as,being,made,by,the,Customer,and,the,Bank,will,not,be,required,to,verify,the,user's,ID,in,any,other,way,.,15,The,provisions,set,forth,in,the,previous,number,cannot,be,interpreted,as,able,of,preventing,the,Bank,from,his,is,a,Computer,-,generated,Document,),Page,4,of,19,R A •1 off c Office Da TO WILL 877-00 come 1. Vi sa Capita.. 5015 1000 1024522024030449611280ML05010111700MLTPDF03736 Millennium bcp obtaining confirmation from the Customer concerning the orders or instructions received, including a written confirmation, with a handwritten signature, nor damage the adoption of another way to formalize the banking transactions at the Bank's request or due to a legal requirement, or limit the acceptance of a specific type of instructions in view of amounts, number of orders or other criteria. The orders and instructions that the Bank receives, as well as the acts of underwriting of contracts provided that they are properly validated through the use of the customized security credentials or the Digital Mobile key enjoy full legal effect, the Bank remaining irrevocably entitled to fulfil and execute them and to carry out the debits and credits arising from them, it being understood, in any case, that the Bank acts to comply with the ers and instructions given by the Customer and with his/her real wishes. is hereby expressly agreed between the Customer and the Bank that, under the terms and for the ses of article 3 (4) of Decree Law 290-D/99, of 2 August, the use of the above mentioned customized Security credentials of the Customer, including each one of the Authentication Codes given to the Customer, the mobile phone or mobile equipment with the mobile phone number previously supplied to the Bank for the carrying out of remote transactions as well as of the Digital Mobile Key, under the terms herein established, I shall have the same legal value as and serve as proof of the Customer's handwritten signature on paper. 18. The requirements of clauses 4 and 5 and of this clause also apply to the subscription of products or services _ third party entities, as set out in nr. 9 (1), the Bank acting, under this provision, on behalf of and in representation of those entities. Mouse 7: Duties of the Customer regarding his/her customized security credentials, mobile phone number and e-mail address 1. The Customer commits to take all reasonable care and diligence measures necessary to preserve the security and secrecy of his/her/its security customized credentials indicated in 1 and 2 of the precedent clause for purposes of authentication before the bank, not allowing nor facilitating the same to be known by third parties, even if the same are his/her/proxies, and commits to keep them confidential and make a careful, antive and strictly personal use of the same. e Customer is responsible for the correct safekeeping, use and maintenance of the User's Code, the Multichannel Access Code, the Confirmation key as well as of the remaining customized security credentials mentioned in 1 and 2 of the previous clause. 13. Namely, the Customer commits to adopt all the adequate precautions to prevent the User's Code, the *Multichannel Code, the Confirmation key from being accessible to third parties or able of being perceived by The Customer should memorize the same and destroy their information medium. In case the Customer tends to save the referred Codes, he/she should never leave them in places that are visible and accessible to third parties and, especially, should not write them down in a way that is easily accessible to others, not even in the mobile phone, mobile equipment, or computer nor in any other document or support that the Customer keeps next to them. * The Customer must remain attentive, be cautious and consider the risk of receiving deceiving e-mail sages, SMS or even phone calls wherein the bank's identity is imitated and replaced to, in a deceitful and maudulent manner get from the Customer his/her data, personal codes and access credentials as, for instance, his/her User's Code, (all) the positions of the Customer's Multichannel Code, the Customer's mobile phone number and the numbers of the Customer's credit cards. Namely, the level of urgency of the messages unreatening the Customer that his/her access to the account or card will be suspended if the Customer does hot mmediately supply the data requested or a request for the confirmation of the Customer's personal data mail or SMS, instructing the Customer for the online filling in of personal information forms and supply of ccess codes and credentials or e-mail with files to download and install must make the Customer suspicious. 5. The Customer commits to read carefully and strictly comply with the safety rules and recommendations slated in ANNEX 1 - RISKS AND SAFETY RULES, that is an integral part of this Contract, as well as to onsult and read, at least once every three months, the safety warnings and the periodical warnings disclosed bank at its website www.millenniumbcp.pt, including the description of the frauds attempted during that for the fraudulent capture of the User's Code, the Multichannel code and remaining customized access Credentials of the Customers. 16. The Customer must never, under any circumstance, enter all the positions of his/her Multichannel code Taccess, at a same moment, or for the same act. The Bank never asks a Customer to enter the Multichannel ccess Code in full. The Customer also undertakes to take all reasonable precautions and diligence measures to safeguard and 30rve: a) the possession, security and the confidential and reserved use at any time of the mobile phone or mobile equipment of the Customer with the mobile number previously provided to the Bank for carrying out remote transactions, and/or in which he/she has installed a Millennium bcp App or the MB Way App Computer-generated Document) Page 5 of 19,R,A,•,1,off,c,Office,Da,TO,WILL,877-00,come,1.,Vi,sa,Capita,..,5015,1000,1024522024030449611280ML05010111700MLTPDF03736,Millennium,bcp,obtaining,confirmation,from,the,Customer,concerning,the,orders,or,instructions,received,,,including,a,written,confirmation,,,with,a,handwritten,signature,,,nor,damage,the,adoption,of,another,way,to,formalize,the,banking,transactions,at,the,Bank's,request,or,due,to,a,legal,requirement,,,or,limit,the,acceptance,of,a,specific,type,of,instructions,in,view,of,amounts,,,number,of,orders,or,other,criteria,.,The,orders,and,instructions,that,the,Bank,receives,,,as,well,as,the,acts,of,underwriting,of,contracts,provided,that,they,are,properly,validated,through,the,use,of,the,customized,security,credentials,or,the,Digital,Mobile,key,enjoy,full,legal,effect,,,the,Bank,remaining,irrevocably,entitled,to,fulfil,and,execute,them,and,to,carry,out,the,debits,and,credits,arising,from,them,,,it,being,understood,,,in,any,case,,,that,the,Bank,acts,to,comply,with,the,ers,and,instructions,given,by,the,Customer,and,with,his,/,her,real,wishes,.,is,hereby,expressly,agreed,between,the,Customer,and,the,Bank,that,,,under,the,terms,and,for,the,ses,of,article,3,(,4,),of,Decree,Law,290,-,D,/,99,,,of,2,August,,,the,use,of,the,above,mentioned,customized,Security,credentials,of,the,Customer,,,including,each,one,of,the,Authentication,Codes,given,to,the,Customer,,,the,mobile,phone,or,mobile,equipment,with,the,mobile,phone,number,previously,supplied,to,the,Bank,for,the,carrying,out,of,remote,transactions,as,well,as,of,the,Digital,Mobile,Key,,,under,the,terms,herein,established,,,I,shall,have,the,same,legal,value,as,and,serve,as,proof,of,the,Customer's,handwritten,signature,on,paper,.,18.,The,requirements,of,clauses,4,and,5,and,of,this,clause,also,apply,to,the,subscription,of,products,or,services,_,third,party,entities,,,as,set,out,in,nr,.,9,(,1,),,,the,Bank,acting,,,under,this,provision,,,on,behalf,of,and,in,representation,of,those,entities,.,Mouse,7,:,Duties,of,the,Customer,regarding,his,/,her,customized,security,credentials,,,mobile,phone,number,and,e,-,mail,address,1.,The,Customer,commits,to,take,all,reasonable,care,and,diligence,measures,necessary,to,preserve,the,security,and,secrecy,of,his,/,her,/,its,security,customized,credentials,indicated,in,1,and,2,of,the,precedent,clause,for,purposes,of,authentication,before,the,bank,,,not,allowing,nor,facilitating,the,same,to,be,known,by,third,parties,,,even,if,the,same,are,his,/,her,/,proxies,,,and,commits,to,keep,them,confidential,and,make,a,careful,,,antive,and,strictly,personal,use,of,the,same,.,e,Customer,is,responsible,for,the,correct,safekeeping,,,use,and,maintenance,of,the,User's,Code,,,the,Multichannel,Access,Code,,,the,Confirmation,key,as,well,as,of,the,remaining,customized,security,credentials,mentioned,in,1,and,2,of,the,previous,clause,.,13.,Namely,,,the,Customer,commits,to,adopt,all,the,adequate,precautions,to,prevent,the,User's,Code,,,the,*,Multichannel,Code,,,the,Confirmation,key,from,being,accessible,to,third,parties,or,able,of,being,perceived,by,The,Customer,should,memorize,the,same,and,destroy,their,information,medium,.,In,case,the,Customer,tends,to,save,the,referred,Codes,,,he,/,she,should,never,leave,them,in,places,that,are,visible,and,accessible,to,third,parties,and,,,especially,,,should,not,write,them,down,in,a,way,that,is,easily,accessible,to,others,,,not,even,in,the,mobile,phone,,,mobile,equipment,,,or,computer,nor,in,any,other,document,or,support,that,the,Customer,keeps,next,to,them,.,*,The,Customer,must,remain,attentive,,,be,cautious,and,consider,the,risk,of,receiving,deceiving,e,-,mail,sages,,,SMS,or,even,phone,calls,wherein,the,bank's,identity,is,imitated,and,replaced,to,,,in,a,deceitful,and,maudulent,manner,get,from,the,Customer,his,/,her,data,,,personal,codes,and,access,credentials,as,,,for,instance,,,his,/,her,User's,Code,,,(,all,),the,positions,of,the,Customer's,Multichannel,Code,,,the,Customer's,mobile,phone,number,and,the,numbers,of,the,Customer's,credit,cards,.,Namely,,,the,level,of,urgency,of,the,messages,unreatening,the,Customer,that,his,/,her,access,to,the,account,or,card,will,be,suspended,if,the,Customer,does,hot,mmediately,supply,the,data,requested,or,a,request,for,the,confirmation,of,the,Customer's,personal,data,mail,or,SMS,,,instructing,the,Customer,for,the,online,filling,in,of,personal,information,forms,and,supply,of,ccess,codes,and,credentials,or,e,-,mail,with,files,to,download,and,install,must,make,the,Customer,suspicious,.,5.,The,Customer,commits,to,read,carefully,and,strictly,comply,with,the,safety,rules,and,recommendations,slated,in,ANNEX,1,-,RISKS,AND,SAFETY,RULES,,,that,is,an,integral,part,of,this,Contract,,,as,well,as,to,onsult,and,read,,,at,least,once,every,three,months,,,the,safety,warnings,and,the,periodical,warnings,disclosed,bank,at,its,website,www.millenniumbcp.pt,,,including,the,description,of,the,frauds,attempted,during,that,for,the,fraudulent,capture,of,the,User's,Code,,,the,Multichannel,code,and,remaining,customized,access,Credentials,of,the,Customers,.,16.,The,Customer,must,never,,,under,any,circumstance,,,enter,all,the,positions,of,his,/,her,Multichannel,code,Taccess,,,at,a,same,moment,,,or,for,the,same,act,.,The,Bank,never,asks,a,Customer,to,enter,the,Multichannel,ccess,Code,in,full,.,The,Customer,also,undertakes,to,take,all,reasonable,precautions,and,diligence,measures,to,safeguard,and,30rve,:,a,),the,possession,,,security,and,the,confidential,and,reserved,use,at,any,time,of,the,mobile,phone,or,mobile,equipment,of,the,Customer,with,the,mobile,number,previously,provided,to,the,Bank,for,carrying,out,remote,transactions,,,and,/,or,in,which,he,/,she,has,installed,a,Millennium,bcp,App,or,the,MB,Way,App,Computer,-,generated,Document,),Page,5,of,19,rcial re 31, 2 * Oport BAI VERCIAL ΓΕΙ eet the C ial Regis th regis at P of Op with the si of 3.000 #25 882 1 pue 1024522024030449611280ML06010111700MLTPDF03736 Millennium bcp associated to a payment card issued by the Bank; b) the reserved and confidential use at any time of the email address of the Customer provided to the Bank for the purpose of exchange of remote information or authentication procedures. 8. If, at any time, the Customer: a) Suspects that third parties are aware of his/her User's Code in whole or in part and/or of the Multichannel Code or Confirmation Key or, in case of loss, misplacement, theft, robbery or abusive appropriation of the same or any of them, or overines the recording in the account of any non-authorized transaction or the existence of errors and irregularities in the making of transactions, or c) Receives an Authentication Code to simulate a transaction and/or d) Receives an Authentication Code to confirm a transaction that the Customer did not request, and/or e) Suspects of undue access by third parties to his/her e-mail address and/or his/her mobile phone, computer, or portable device or to his/her mobile phone number by any way whatsoever, an, the Customer should suspend the procedure and immediately, contact the Bank by calling 918272424 / 003222424 / 965992424 (domestic call) or +351210052424 (international call), a permanent Customer assistance centre - 24/7, 365 days/year, so as to warn the Bank and request the locking/prevention of abuse or fraud against it. The Customer should also confirm what happened before the Bank, in writing and within 5 Tdays. 19. All the cases foreseen in paragraphs a) to d) of the previous number should be immediately reported to the competent police authorities and the Customer should present to the Bank the respective documentary evidence, with a copy of the report submitted. 10. Within the scope of the phone conversations mentioned in number 8 of this clause, the utilisation of the User's Code or of the Multichannel Code shall not apply; in this specific case the Customer declares and accepts that the Bank will deem him/her identified and recognised as soon as he/she cumulatively and _rectly provides an answer to the questions placed by the Bank on data concerning the Customer's financial the deposit accounts held by him/her or other facts that the Bank is aware of due to the relation it established with the Customer or have been previously agreed between the parties for that particular purpose; in this case, the Bank will not request by phone, SMS or e-mail information on the User and Authentication Codes nor the Customer's Confirmation Key, nor the numbers of his/her credit card(s) or of his/her mobile phone. 11. After the communication from the Customer, made in accordance with the provisions of the precedent numbers of this clause, the Bank shall block the access to the Customer's accounts through the Contacts Centre, Internet, Mobile and MTM. 12 1. After having made, without an unjustified delay the notice mentioned in number 8, the Customer will not ear any losses related with non-authorized payment transactions resulting from the breach in the fidentiality of its customised safety codes and credentials indicated in numbers 1 and 2 of clause 6 onvention on proof), namely in case of loss, misplacement, theft, robbery or abusive appropriation of the same or any of them, except in the case of fraudulent action by the Customer. 12.2. The Customer will bear the losses related with non-authorized payment transactions resulting from the breach in the confidentiality of its customised safety codes and credentials indicated in numbers 1 and 2 of clause 6 (Convention on proof), namely in case of loss, misplacement, theft, robbery or abusive appropriation the same, which are carried out before the notice mentioned in number 8 above, in accordance with the wing rules: a) The Customer will pay for all the losses resulting from non-authorized payment operations, if those are due to fraudulent action or deliberate non-compliance with one or more of the duties of the customer set forth above in this Contract, namely in this clause, and in Annex I - Risks and Safety Rules mentioned below, and, in case of suspicion of fraud, the Bank communicates in writing those motives to the judiciary authorities. b) If there is a gross negligence by the Customer, it will bear the losses resulting from non-authorized payment transactions up to the limit of the available balance or credit line associated with the account, even if they exceed 50€. c) In the remaining cases, the Customer will pay the losses due to operations made within the balance. available of the Associated Account or the Credit Line associated with the account, up to a maximum of 50€, this Customer's Liability does not apply if: (i) the loss, misplacement, theft, robbery, improper access or other misappropriation of the Codes and personalised security credentials of the Customer indicated in numbers 1 and 2 of clause 6 (Convention on proof) could not be detected by the Customer before making a payment, except in the case of fraudulent action by the Customer; or (ii) if the loss was caused by acts or omissions of an employee, agent or of a branch of the payment service provider, or of an entity to which its activities have been outsourced. (This is a Computer-generated Document) Page 6 of 19,rcial,re,31,,,2,*,Oport,BAI,VERCIAL,ΓΕΙ,eet,the,C,ial,Regis,th,regis,at,P,of,Op,with,the,si,of,3.000,#,25,882,1,pue,1024522024030449611280ML06010111700MLTPDF03736,Millennium,bcp,associated,to,a,payment,card,issued,by,the,Bank,;,b,),the,reserved,and,confidential,use,at,any,time,of,the,email,address,of,the,Customer,provided,to,the,Bank,for,the,purpose,of,exchange,of,remote,information,or,authentication,procedures,.,8.,If,,,at,any,time,,,the,Customer,:,a,),Suspects,that,third,parties,are,aware,of,his,/,her,User's,Code,in,whole,or,in,part,and,/,or,of,the,Multichannel,Code,or,Confirmation,Key,or,,,in,case,of,loss,,,misplacement,,,theft,,,robbery,or,abusive,appropriation,of,the,same,or,any,of,them,,,or,overines,the,recording,in,the,account,of,any,non,-,authorized,transaction,or,the,existence,of,errors,and,irregularities,in,the,making,of,transactions,,,or,c,),Receives,an,Authentication,Code,to,simulate,a,transaction,and,/,or,d,),Receives,an,Authentication,Code,to,confirm,a,transaction,that,the,Customer,did,not,request,,,and,/,or,e,),Suspects,of,undue,access,by,third,parties,to,his,/,her,e,-,mail,address,and,/,or,his,/,her,mobile,phone,,,computer,,,or,portable,device,or,to,his,/,her,mobile,phone,number,by,any,way,whatsoever,,,an,,,the,Customer,should,suspend,the,procedure,and,immediately,,,contact,the,Bank,by,calling,918272424,/,003222424,/,965992424,(,domestic,call,),or,+351210052424,(,international,call,),,,a,permanent,Customer,assistance,centre,-,24/7,,,365,days,/,year,,,so,as,to,warn,the,Bank,and,request,the,locking,/,prevention,of,abuse,or,fraud,against,it,.,The,Customer,should,also,confirm,what,happened,before,the,Bank,,,in,writing,and,within,5,Tdays,.,19.,All,the,cases,foreseen,in,paragraphs,a,),to,d,),of,the,previous,number,should,be,immediately,reported,to,the,competent,police,authorities,and,the,Customer,should,present,to,the,Bank,the,respective,documentary,evidence,,,with,a,copy,of,the,report,submitted,.,10.,Within,the,scope,of,the,phone,conversations,mentioned,in,number,8,of,this,clause,,,the,utilisation,of,the,User's,Code,or,of,the,Multichannel,Code,shall,not,apply,;,in,this,specific,case,the,Customer,declares,and,accepts,that,the,Bank,will,deem,him,/,her,identified,and,recognised,as,soon,as,he,/,she,cumulatively,and,_rectly,provides,an,answer,to,the,questions,placed,by,the,Bank,on,data,concerning,the,Customer's,financial,the,deposit,accounts,held,by,him,/,her,or,other,facts,that,the,Bank,is,aware,of,due,to,the,relation,it,established,with,the,Customer,or,have,been,previously,agreed,between,the,parties,for,that,particular,purpose,;,in,this,case,,,the,Bank,will,not,request,by,phone,,,SMS,or,e,-,mail,information,on,the,User,and,Authentication,Codes,nor,the,Customer's,Confirmation,Key,,,nor,the,numbers,of,his,/,her,credit,card,(,s,),or,of,his,/,her,mobile,phone,.,11.,After,the,communication,from,the,Customer,,,made,in,accordance,with,the,provisions,of,the,precedent,numbers,of,this,clause,,,the,Bank,shall,block,the,access,to,the,Customer's,accounts,through,the,Contacts,Centre,,,Internet,,,Mobile,and,MTM,.,12,1.,After,having,made,,,without,an,unjustified,delay,the,notice,mentioned,in,number,8,,,the,Customer,will,not,ear,any,losses,related,with,non,-,authorized,payment,transactions,resulting,from,the,breach,in,the,fidentiality,of,its,customised,safety,codes,and,credentials,indicated,in,numbers,1,and,2,of,clause,6,onvention,on,proof,),,,namely,in,case,of,loss,,,misplacement,,,theft,,,robbery,or,abusive,appropriation,of,the,same,or,any,of,them,,,except,in,the,case,of,fraudulent,action,by,the,Customer,.,12.2,.,The,Customer,will,bear,the,losses,related,with,non,-,authorized,payment,transactions,resulting,from,the,breach,in,the,confidentiality,of,its,customised,safety,codes,and,credentials,indicated,in,numbers,1,and,2,of,clause,6,(,Convention,on,proof,),,,namely,in,case,of,loss,,,misplacement,,,theft,,,robbery,or,abusive,appropriation,the,same,,,which,are,carried,out,before,the,notice,mentioned,in,number,8,above,,,in,accordance,with,the,wing,rules,:,a,),The,Customer,will,pay,for,all,the,losses,resulting,from,non,-,authorized,payment,operations,,,if,those,are,due,to,fraudulent,action,or,deliberate,non,-,compliance,with,one,or,more,of,the,duties,of,the,customer,set,forth,above,in,this,Contract,,,namely,in,this,clause,,,and,in,Annex,I,-,Risks,and,Safety,Rules,mentioned,below,,,and,,,in,case,of,suspicion,of,fraud,,,the,Bank,communicates,in,writing,those,motives,to,the,judiciary,authorities,.,b,),If,there,is,a,gross,negligence,by,the,Customer,,,it,will,bear,the,losses,resulting,from,non,-,authorized,payment,transactions,up,to,the,limit,of,the,available,balance,or,credit,line,associated,with,the,account,,,even,if,they,exceed,50,€,.,c,),In,the,remaining,cases,,,the,Customer,will,pay,the,losses,due,to,operations,made,within,the,balance,.,available,of,the,Associated,Account,or,the,Credit,Line,associated,with,the,account,,,up,to,a,maximum,of,50,€,,,this,Customer's,Liability,does,not,apply,if,:,(,i,),the,loss,,,misplacement,,,theft,,,robbery,,,improper,access,or,other,misappropriation,of,the,Codes,and,personalised,security,credentials,of,the,Customer,indicated,in,numbers,1,and,2,of,clause,6,(,Convention,on,proof,),could,not,be,detected,by,the,Customer,before,making,a,payment,,,except,in,the,case,of,fraudulent,action,by,the,Customer,;,or,(,ii,),if,the,loss,was,caused,by,acts,or,omissions,of,an,employee,,,agent,or,of,a,branch,of,the,payment,service,provider,,,or,of,an,entity,to,which,its,activities,have,been,outsourced,.,(,This,is,a,Computer,-,generated,Document,),Page,6,of,19,30 أر 1:25 88. 1024522024030449611280ML07010111700MLTPDF03736 Millennium bcp 12.3. If the payment transaction is initiated through a payment initiation service provider, the burden of proving that, within the scope of its area of competence, the operation was authenticated and duly recorded and was Not affected by any technical malfunction or by any other deficiency related with the services for which it is Responsible falls on the initiation service provider. 12.4. Once the proof diligences mentioned in the previous numbers are concluded, or one reaches the conclusion that the Bank or the payment initiation services provider is responsible for the losses due to unauthorized operations, the Bank will ensure the reimbursement immediately and, in any event, the latest until the end of the following first working day, of the amount of the unauthorized payment operation and, if eded be, will put the Customer's account back in the situation the same would be if the unauthorized payment operation had not been executed, with a value-date which cannot fall on a date after the one on which the amount was debited. QUE LO H 80 the P Š Э ป R Clause 8: Handling of the Customer's Instructions 11. Without damaging the provisos of clause 10 (1) below, the Customer may give instructions to the Bank through the remote communication channels any time of the day, every day of the year, and in-person, a contact which is subject to the Bank's Branches working hours. 12ine execution of the orders given by the Customer will be carried out in accordance with the conditions pplicable to the type of remote channel, service or product requested. The Bank may refrain from executing orders transmitted by the Customer where they do not respect applicable legal requirements or conflict with banking practices, when the account concerned does not have sufficient funds for the intended operation, or when any provision shown in these General Conditions and in Hauses of Chapter A - Demand Deposit Account General Conditions and in Chapter B-General Conditions for Movision of Payment Services of the Account General Conditions - Individuals are not fulfilled, particularly to some irregularity in the process of transmitting and/or authorising the order in question that is not properly remedied within 72 hours. 4. Once authorised and sent to the Bank for immediate processing, no alterations may be made, nor may the orders transmitted be cancelled via the remote communication channels, without damaging the provisions of Chapter B-General Conditions for the Provision of Payment Services of the Account General Conditions buals. Sidering that the services and/or operations provided by the Bank through the remote channels shall be Subject to interferences, interruptions, disconnections or other anomalies, namely in the event of breakdowns, power surges or other events outside the Bank's control, the Customer expressly accepts that the Bank shall not be liable for current or potential damage or losses, including future earnings, that may directly or indirectly ul to the Customer from such events, in the extent that those interferences, interruptions, disconnections omalies have been originated by acts or omissions from third parties, as well as bank's suppliers or vices license providers and in services held and controlled by them. 6 The "Banco Mail" function of the internet channel does not obligate the Bank to execute the orders unless this is expressly agreed. Applicable only to the Contact Centre and in case of a tenants-in-common account or of a mixed use without autonomous powers for the Customer to use it, for any operation to be executed the Bank mously receive confirmation in writing from all the co-holders that bind the account. This confirmation must be sent within 48h, at most, after the orders are transmitted. The Customer accepts that, in these cases, confirmation is sufficient means of proof for the operations therein mentioned. If the Customer answers correctly the questions made in each call, as agreed in the identification and cognition procedures foreseen in clause 4 (3) and states that he/she/it agrees with the specific proposals de by Millennium bcp, the Bank is hereby authorised to debit the amount and costs associated with the The transaction. 3. For safety reasons and as a means of proof, the Customer authorises the Bank to record all conversations under the scope of the personalised telephone channel, recognising the validity of these recordings as full Mence of the will to establish a business relation manifested by any of the parties via that channel, namely information, clarifications, or counselling provided by the Bank, of orders and instructions transmitted by the Somer, or the subscription by the Customer to services commercialized by the Bank. Clause 9: Operations recording The Customer and the Bank agree that the computer recording of operations carried out under this breement, which may be viewed on screen and/or printed on paper, constitutes appropriate evidence of the (This is a Computer-generated Document) Page 7 of 19,30,أر,1:25,88,.,1024522024030449611280ML07010111700MLTPDF03736,Millennium,bcp,12.3,.,If,the,payment,transaction,is,initiated,through,a,payment,initiation,service,provider,,,the,burden,of,proving,that,,,within,the,scope,of,its,area,of,competence,,,the,operation,was,authenticated,and,duly,recorded,and,was,Not,affected,by,any,technical,malfunction,or,by,any,other,deficiency,related,with,the,services,for,which,it,is,Responsible,falls,on,the,initiation,service,provider,.,12.4,.,Once,the,proof,diligences,mentioned,in,the,previous,numbers,are,concluded,,,or,one,reaches,the,conclusion,that,the,Bank,or,the,payment,initiation,services,provider,is,responsible,for,the,losses,due,to,unauthorized,operations,,,the,Bank,will,ensure,the,reimbursement,immediately,and,,,in,any,event,,,the,latest,until,the,end,of,the,following,first,working,day,,,of,the,amount,of,the,unauthorized,payment,operation,and,,,if,eded,be,,,will,put,the,Customer's,account,back,in,the,situation,the,same,would,be,if,the,unauthorized,payment,operation,had,not,been,executed,,,with,a,value,-,date,which,cannot,fall,on,a,date,after,the,one,on,which,the,amount,was,debited,.,QUE,LO,H,80,the,P,Š,Э,ป,R,Clause,8,:,Handling,of,the,Customer's,Instructions,11.,Without,damaging,the,provisos,of,clause,10,(,1,),below,,,the,Customer,may,give,instructions,to,the,Bank,through,the,remote,communication,channels,any,time,of,the,day,,,every,day,of,the,year,,,and,in,-,person,,,a,contact,which,is,subject,to,the,Bank's,Branches,working,hours,.,12ine,execution,of,the,orders,given,by,the,Customer,will,be,carried,out,in,accordance,with,the,conditions,pplicable,to,the,type,of,remote,channel,,,service,or,product,requested,.,The,Bank,may,refrain,from,executing,orders,transmitted,by,the,Customer,where,they,do,not,respect,applicable,legal,requirements,or,conflict,with,banking,practices,,,when,the,account,concerned,does,not,have,sufficient,funds,for,the,intended,operation,,,or,when,any,provision,shown,in,these,General,Conditions,and,in,Hauses,of,Chapter,A,-,Demand,Deposit,Account,General,Conditions,and,in,Chapter,B,-,General,Conditions,for,Movision,of,Payment,Services,of,the,Account,General,Conditions,-,Individuals,are,not,fulfilled,,,particularly,to,some,irregularity,in,the,process,of,transmitting,and,/,or,authorising,the,order,in,question,that,is,not,properly,remedied,within,72,hours,.,4.,Once,authorised,and,sent,to,the,Bank,for,immediate,processing,,,no,alterations,may,be,made,,,nor,may,the,orders,transmitted,be,cancelled,via,the,remote,communication,channels,,,without,damaging,the,provisions,of,Chapter,B,-,General,Conditions,for,the,Provision,of,Payment,Services,of,the,Account,General,Conditions,buals,.,Sidering,that,the,services,and,/,or,operations,provided,by,the,Bank,through,the,remote,channels,shall,be,Subject,to,interferences,,,interruptions,,,disconnections,or,other,anomalies,,,namely,in,the,event,of,breakdowns,,,power,surges,or,other,events,outside,the,Bank's,control,,,the,Customer,expressly,accepts,that,the,Bank,shall,not,be,liable,for,current,or,potential,damage,or,losses,,,including,future,earnings,,,that,may,directly,or,indirectly,ul,to,the,Customer,from,such,events,,,in,the,extent,that,those,interferences,,,interruptions,,,disconnections,omalies,have,been,originated,by,acts,or,omissions,from,third,parties,,,as,well,as,bank's,suppliers,or,vices,license,providers,and,in,services,held,and,controlled,by,them,.,6,The,",Banco,Mail,",function,of,the,internet,channel,does,not,obligate,the,Bank,to,execute,the,orders,unless,this,is,expressly,agreed,.,Applicable,only,to,the,Contact,Centre,and,in,case,of,a,tenants,-,in,-,common,account,or,of,a,mixed,use,without,autonomous,powers,for,the,Customer,to,use,it,,,for,any,operation,to,be,executed,the,Bank,mously,receive,confirmation,in,writing,from,all,the,co,-,holders,that,bind,the,account,.,This,confirmation,must,be,sent,within,48h,,,at,most,,,after,the,orders,are,transmitted,.,The,Customer,accepts,that,,,in,these,cases,,,confirmation,is,sufficient,means,of,proof,for,the,operations,therein,mentioned,.,If,the,Customer,answers,correctly,the,questions,made,in,each,call,,,as,agreed,in,the,identification,and,cognition,procedures,foreseen,in,clause,4,(,3,),and,states,that,he,/,she,/,it,agrees,with,the,specific,proposals,de,by,Millennium,bcp,,,the,Bank,is,hereby,authorised,to,debit,the,amount,and,costs,associated,with,the,The,transaction,.,3.,For,safety,reasons,and,as,a,means,of,proof,,,the,Customer,authorises,the,Bank,to,record,all,conversations,under,the,scope,of,the,personalised,telephone,channel,,,recognising,the,validity,of,these,recordings,as,full,Mence,of,the,will,to,establish,a,business,relation,manifested,by,any,of,the,parties,via,that,channel,,,namely,information,,,clarifications,,,or,counselling,provided,by,the,Bank,,,of,orders,and,instructions,transmitted,by,the,Somer,,,or,the,subscription,by,the,Customer,to,services,commercialized,by,the,Bank,.,Clause,9,:,Operations,recording,The,Customer,and,the,Bank,agree,that,the,computer,recording,of,operations,carried,out,under,this,breement,,,which,may,be,viewed,on,screen,and,/,or,printed,on,paper,,,constitutes,appropriate,evidence,of,the,(,This,is,a,Computer,-,generated,Document,),Page,7,of,19,δι 2 Jo Lior 57 4 12 1024522024030449611280ML08010111700MLTPDF03736 Millennium bcp orders given by the Customer. The Rank undertakes to maintain the information it provides to the Customer via Internet, Mobile and MTM mantels, permanently updated. However, the Bank's own accounting records shall always take precedence Bthis Oluse 10: Suspension, blocked access, contractual changes, early termination, and termination of the evement Bank may temporarily or definitively inhibit and block the accesses to the remote channels by the Customer and/or any of its facilities or services for objectively grounded reasons related with the following: a) For safety reasons, namely if the Bank is informed or becomes aware that there has been a breach in the confidential nature of the customized safety codes and credentials of the Customer indicated in numbers and 2 of clause 6 (Convention on proof), namely in case of loss, misplacement, theft, robbery or abusive appropriation of the same, or there is a suspicion of unauthorized or fraudulent use, or of loss, isplacement, theft robbery or abusive appropriation of a credit or debit card issued by the Bank of which the Customer is the Holder; b) The suspicion of unauthorized or fraudulent use of any irregularity that may result in a serious damage for the Bank, for the Customer or for the Payments System, namely when such is requested by the managing entity of the Payments System for security reasons, or abusive and unauthorized use; If the Customer carries out illegal transactions of any nature; c) If this Contract ceases, any way whatsoever to be in effect; e) If bankruptcy, insolvency or a judicial statement of adult legal representation of the Customer are declared, if the balance of any Current Account of the Client is unavailable due to foreclosure, seizure, inventoried, pledged, freezing, bankruptcy, insolvency or any other apprehension by court and/or judiciary or supervisory authorities order the cases mentioned in number 1 above of this clause, the Bank should inform the Customer of the Mockage of the accesses to the remote communication channels by the Customer and respective justification by SIMIS sent to the Customer's mobile phone, if possible before blocking and, at the latest, immediately after ne blocking, except if such information cannot be provided for security reasons objectively grounded or it is bladen due to other applicable legal requirements. The Bank shall unblock the access to the remote communication channels once the reasons for blocking no exist. 14. Besides the cases mentioned in number 1 above of this clause, it is well understood that, for security Treasons, the Customer will be prevented from accessing Bank services through the Contact Centre, Internet, Mobile and MTM Channels after three consecutive failed attempts to enter the respective User Code, Chuchannel Access Code or Confirmation Key. If the situation described in the previous paragraph occurs, Waar of Code, Multichannel code and Confirmation from Key can be reactivated by going to a branch in person or by phone through the Contact Centre channel. If the original Access Codes cannot be reactivated according to the previous paragraph, a new code must be obtained using the means available for this purpose, such as Bank branches, the website www.millenniumbcp.pt or Multibanco ATM machines. This Contract shall have an indefinite duration. The Contract may be early terminated without the presentation of any ground or reason: any moment, by the Customer, through a written instruction duly signed by the Customer, in person, at any of the Bank's Branches; b) By the Bank, in this case through prior notice of sixty days prior to the date when the termination becomes effective and sent to the Customer in accordance with the requirements of clause 13 (Other Provisions) below. The early termination of the Contract implies the cancellation of the accesses to the remote unication channels by the Customer. 7. The Bank may, by means a written communication sent to the Customer, according to the provisions of Clause 13 (Other Provisions) below, terminate this Contract with immediate effect, immediately cancelling the pocos to the remote communication channels by the Customer in the following cases: a) If bankruptcy, insolvency has been declared or the Bank becomes aware that a judicial statement of adult legal representation of the Customer has been issued; When the Customer illegitimately revokes payment orders that he/she has given through the Bank's remote communication channels; c) When the Customer, through gross negligence or fraud, has caused damage to the Bank or to any other operator or participant in credit or payment operations made through the Bank's remote communication channels; * Computer-generated Document) Page 8 of 19,δι,2,Jo,Lior,57,4,12,1024522024030449611280ML08010111700MLTPDF03736,Millennium,bcp,orders,given,by,the,Customer,.,The,Rank,undertakes,to,maintain,the,information,it,provides,to,the,Customer,via,Internet,,,Mobile,and,MTM,mantels,,,permanently,updated,.,However,,,the,Bank's,own,accounting,records,shall,always,take,precedence,Bthis,Oluse,10,:,Suspension,,,blocked,access,,,contractual,changes,,,early,termination,,,and,termination,of,the,evement,Bank,may,temporarily,or,definitively,inhibit,and,block,the,accesses,to,the,remote,channels,by,the,Customer,and,/,or,any,of,its,facilities,or,services,for,objectively,grounded,reasons,related,with,the,following,:,a,),For,safety,reasons,,,namely,if,the,Bank,is,informed,or,becomes,aware,that,there,has,been,a,breach,in,the,confidential,nature,of,the,customized,safety,codes,and,credentials,of,the,Customer,indicated,in,numbers,and,2,of,clause,6,(,Convention,on,proof,),,,namely,in,case,of,loss,,,misplacement,,,theft,,,robbery,or,abusive,appropriation,of,the,same,,,or,there,is,a,suspicion,of,unauthorized,or,fraudulent,use,,,or,of,loss,,,isplacement,,,theft,robbery,or,abusive,appropriation,of,a,credit,or,debit,card,issued,by,the,Bank,of,which,the,Customer,is,the,Holder,;,b,),The,suspicion,of,unauthorized,or,fraudulent,use,of,any,irregularity,that,may,result,in,a,serious,damage,for,the,Bank,,,for,the,Customer,or,for,the,Payments,System,,,namely,when,such,is,requested,by,the,managing,entity,of,the,Payments,System,for,security,reasons,,,or,abusive,and,unauthorized,use,;,If,the,Customer,carries,out,illegal,transactions,of,any,nature,;,c,),If,this,Contract,ceases,,,any,way,whatsoever,to,be,in,effect,;,e,),If,bankruptcy,,,insolvency,or,a,judicial,statement,of,adult,legal,representation,of,the,Customer,are,declared,,,if,the,balance,of,any,Current,Account,of,the,Client,is,unavailable,due,to,foreclosure,,,seizure,,,inventoried,,,pledged,,,freezing,,,bankruptcy,,,insolvency,or,any,other,apprehension,by,court,and,/,or,judiciary,or,supervisory,authorities,order,the,cases,mentioned,in,number,1,above,of,this,clause,,,the,Bank,should,inform,the,Customer,of,the,Mockage,of,the,accesses,to,the,remote,communication,channels,by,the,Customer,and,respective,justification,by,SIMIS,sent,to,the,Customer's,mobile,phone,,,if,possible,before,blocking,and,,,at,the,latest,,,immediately,after,ne,blocking,,,except,if,such,information,cannot,be,provided,for,security,reasons,objectively,grounded,or,it,is,bladen,due,to,other,applicable,legal,requirements,.,The,Bank,shall,unblock,the,access,to,the,remote,communication,channels,once,the,reasons,for,blocking,no,exist,.,14.,Besides,the,cases,mentioned,in,number,1,above,of,this,clause,,,it,is,well,understood,that,,,for,security,Treasons,,,the,Customer,will,be,prevented,from,accessing,Bank,services,through,the,Contact,Centre,,,Internet,,,Mobile,and,MTM,Channels,after,three,consecutive,failed,attempts,to,enter,the,respective,User,Code,,,Chuchannel,Access,Code,or,Confirmation,Key,.,If,the,situation,described,in,the,previous,paragraph,occurs,,,Waar,of,Code,,,Multichannel,code,and,Confirmation,from,Key,can,be,reactivated,by,going,to,a,branch,in,person,or,by,phone,through,the,Contact,Centre,channel,.,If,the,original,Access,Codes,cannot,be,reactivated,according,to,the,previous,paragraph,,,a,new,code,must,be,obtained,using,the,means,available,for,this,purpose,,,such,as,Bank,branches,,,the,website,www.millenniumbcp.pt,or,Multibanco,ATM,machines,.,This,Contract,shall,have,an,indefinite,duration,.,The,Contract,may,be,early,terminated,without,the,presentation,of,any,ground,or,reason,:,any,moment,,,by,the,Customer,,,through,a,written,instruction,duly,signed,by,the,Customer,,,in,person,,,at,any,of,the,Bank's,Branches,;,b,),By,the,Bank,,,in,this,case,through,prior,notice,of,sixty,days,prior,to,the,date,when,the,termination,becomes,effective,and,sent,to,the,Customer,in,accordance,with,the,requirements,of,clause,13,(,Other,Provisions,),below,.,The,early,termination,of,the,Contract,implies,the,cancellation,of,the,accesses,to,the,remote,unication,channels,by,the,Customer,.,7.,The,Bank,may,,,by,means,a,written,communication,sent,to,the,Customer,,,according,to,the,provisions,of,Clause,13,(,Other,Provisions,),below,,,terminate,this,Contract,with,immediate,effect,,,immediately,cancelling,the,pocos,to,the,remote,communication,channels,by,the,Customer,in,the,following,cases,:,a,),If,bankruptcy,,,insolvency,has,been,declared,or,the,Bank,becomes,aware,that,a,judicial,statement,of,adult,legal,representation,of,the,Customer,has,been,issued,;,When,the,Customer,illegitimately,revokes,payment,orders,that,he,/,she,has,given,through,the,Bank's,remote,communication,channels,;,c,),When,the,Customer,,,through,gross,negligence,or,fraud,,,has,caused,damage,to,the,Bank,or,to,any,other,operator,or,participant,in,credit,or,payment,operations,made,through,the,Bank's,remote,communication,channels,;,*,Computer,-,generated,Document,),Page,8,of,19,BANCO CIALECT UÊS. S the Co gistered Registry 1 Prac 128 40 th the single al regi share t and TI! 5 3.000.000 882 Bui 1024522024030449611280ML09010111700MLTPDF03736 Millennium bcp 1) If the balance of the account(s) of the Customer or of any other deposit account held or co-held by the Customer with the Bank becomes unavailable due foreclosure, seizure, inventoried, pledged, freezing, bankruptcy, insolvency or any other apprehension by court and/or judiciary or supervisory authorities. order The Contract will also terminate and the right to access the remote communication channels will be minated in case of death of the Customer. The Bank can propose changes to the clauses of this Agreement, that they arise from legal requirements or are related to international systems and security rules or when deemed suitable by the Bank. 9.2 These changes shall be communicated to the Customer through a pre-notice sent to the Customer in accordance with the provisions of Clause 13 (Other Provisions) below, at least sixty days in advance of the date of their application. 3 It is expressly agreed that, in the subsequent silence of the Customer, it is deemed that it tacitly accept the (3) thus proposed by the Bank, unless, prior to the entry into force of such proposal, the Customer notifies the Bank that it does not accept them. 9.4 If the Customer disagrees with the proposed change(s), the Customer may terminate this Contract provided that it communicates the same to the Bank, by registered mail with acknowledgement of receipt or other means of which there is a written record. Clause 11: Under-age Customer, holder of a current deposit account, aged 14 or more For current accounts held by an under-age customer, aged between 14 and 17 years old, his/her legal (representative(s), due to the verification of the natural capacity of the under-age Customer on account of sher age, may request in writing that the Bank grant the under-age Customer a Multichannel Access Code the Contact Centre, Internet and Mobile channels and, for the last two remote channels, the respective User Code, being the Bank free to accept, or not, the granting of the Access Codes requested. 2. This Multi-Channel access code will allow the under-age Customer exclusively to verify the information - account balances and debit/credit entries - of the current account. No other operations or transactions will be allowed. The Multichannel Code and the User's Code are personal and non-transmissible and shall be delivered clusively to the under-age Customer who should use them in a careful, reserved and exclusively personal manner and take all reasonable precaution and diligence measures to preserve possession, security and confidential and reserved use at all times of his/her mobile phone or mobile equipment with the mobile phone number previously provided to the Bank, in accordance with the provisions of clause 7 above, being his/her hegal representatives responsible before the Bank, for their proper and responsible use, under the terms established in these clauses Clause 12: Financial information me financial information available through the Internet and Mobile channels, namely prices, indexes, news, studies or other, is provided by the Bank solely for information purposes and is drawn up by third parties which authorize the Bank to disclose it to Customers. 2 in spite of the careful selection made by the Bank concerning its sources of information, errors or omissions may not be detected by it; hence, the Bank cannot guaranty the accuracy of the disclosed information nor be aeemed liable for the incorrect use or interpretation of such information. 3. The Customer shall use the disclosed financial information at his/her own account and risk and will be exclusively responsible for the investment decisions made based on such information. The is a Computer-generated Document) Clause 13: Other Provisions 1. During the duration of the current Contract, the Customer is entitled to receive, upon his/her request, at any time, the terms of the agreement in force at any given moment, in digital format (electronic file) provided to the e-mail supplied by the Customer or for consultation on the Internet channel of the Bank through access to the count at www.millenniumbcp.pt, in accordance with the requirements set forth herein. As an alternative, if Customer so wishes, he/she can receive the terms of the Contract in paper, if requested in person at any branch of the Bank. Page 9 of 19,BANCO,CIALECT,UÊS,.,S,the,Co,gistered,Registry,1,Prac,128,40,th,the,single,al,regi,share,t,and,TI,!,5,3.000.000,882,Bui,1024522024030449611280ML09010111700MLTPDF03736,Millennium,bcp,1,),If,the,balance,of,the,account,(,s,),of,the,Customer,or,of,any,other,deposit,account,held,or,co,-,held,by,the,Customer,with,the,Bank,becomes,unavailable,due,foreclosure,,,seizure,,,inventoried,,,pledged,,,freezing,,,bankruptcy,,,insolvency,or,any,other,apprehension,by,court,and,/,or,judiciary,or,supervisory,authorities,.,order,The,Contract,will,also,terminate,and,the,right,to,access,the,remote,communication,channels,will,be,minated,in,case,of,death,of,the,Customer,.,The,Bank,can,propose,changes,to,the,clauses,of,this,Agreement,,,that,they,arise,from,legal,requirements,or,are,related,to,international,systems,and,security,rules,or,when,deemed,suitable,by,the,Bank,.,9.2,These,changes,shall,be,communicated,to,the,Customer,through,a,pre,-,notice,sent,to,the,Customer,in,accordance,with,the,provisions,of,Clause,13,(,Other,Provisions,),below,,,at,least,sixty,days,in,advance,of,the,date,of,their,application,.,3,It,is,expressly,agreed,that,,,in,the,subsequent,silence,of,the,Customer,,,it,is,deemed,that,it,tacitly,accept,the,(,3,),thus,proposed,by,the,Bank,,,unless,,,prior,to,the,entry,into,force,of,such,proposal,,,the,Customer,notifies,the,Bank,that,it,does,not,accept,them,.,9.4,If,the,Customer,disagrees,with,the,proposed,change,(,s,),,,the,Customer,may,terminate,this,Contract,provided,that,it,communicates,the,same,to,the,Bank,,,by,registered,mail,with,acknowledgement,of,receipt,or,other,means,of,which,there,is,a,written,record,.,Clause,11,:,Under,-,age,Customer,,,holder,of,a,current,deposit,account,,,aged,14,or,more,For,current,accounts,held,by,an,under,-,age,customer,,,aged,between,14,and,17,years,old,,,his,/,her,legal,(,representative,(,s,),,,due,to,the,verification,of,the,natural,capacity,of,the,under,-,age,Customer,on,account,of,sher,age,,,may,request,in,writing,that,the,Bank,grant,the,under,-,age,Customer,a,Multichannel,Access,Code,the,Contact,Centre,,,Internet,and,Mobile,channels,and,,,for,the,last,two,remote,channels,,,the,respective,User,Code,,,being,the,Bank,free,to,accept,,,or,not,,,the,granting,of,the,Access,Codes,requested,.,2.,This,Multi,-,Channel,access,code,will,allow,the,under,-,age,Customer,exclusively,to,verify,the,information,-,account,balances,and,debit,/,credit,entries,-,of,the,current,account,.,No,other,operations,or,transactions,will,be,allowed,.,The,Multichannel,Code,and,the,User's,Code,are,personal,and,non,-,transmissible,and,shall,be,delivered,clusively,to,the,under,-,age,Customer,who,should,use,them,in,a,careful,,,reserved,and,exclusively,personal,manner,and,take,all,reasonable,precaution,and,diligence,measures,to,preserve,possession,,,security,and,confidential,and,reserved,use,at,all,times,of,his,/,her,mobile,phone,or,mobile,equipment,with,the,mobile,phone,number,previously,provided,to,the,Bank,,,in,accordance,with,the,provisions,of,clause,7,above,,,being,his,/,her,hegal,representatives,responsible,before,the,Bank,,,for,their,proper,and,responsible,use,,,under,the,terms,established,in,these,clauses,Clause,12,:,Financial,information,me,financial,information,available,through,the,Internet,and,Mobile,channels,,,namely,prices,,,indexes,,,news,,,studies,or,other,,,is,provided,by,the,Bank,solely,for,information,purposes,and,is,drawn,up,by,third,parties,which,authorize,the,Bank,to,disclose,it,to,Customers,.,2,in,spite,of,the,careful,selection,made,by,the,Bank,concerning,its,sources,of,information,,,errors,or,omissions,may,not,be,detected,by,it,;,hence,,,the,Bank,cannot,guaranty,the,accuracy,of,the,disclosed,information,nor,be,aeemed,liable,for,the,incorrect,use,or,interpretation,of,such,information,.,3.,The,Customer,shall,use,the,disclosed,financial,information,at,his,/,her,own,account,and,risk,and,will,be,exclusively,responsible,for,the,investment,decisions,made,based,on,such,information,.,The,is,a,Computer,-,generated,Document,),Clause,13,:,Other,Provisions,1.,During,the,duration,of,the,current,Contract,,,the,Customer,is,entitled,to,receive,,,upon,his,/,her,request,,,at,any,time,,,the,terms,of,the,agreement,in,force,at,any,given,moment,,,in,digital,format,(,electronic,file,),provided,to,the,e,-,mail,supplied,by,the,Customer,or,for,consultation,on,the,Internet,channel,of,the,Bank,through,access,to,the,count,at,www.millenniumbcp.pt,,,in,accordance,with,the,requirements,set,forth,herein,.,As,an,alternative,,,if,Customer,so,wishes,,,he,/,she,can,receive,the,terms,of,the,Contract,in,paper,,,if,requested,in,person,at,any,branch,of,the,Bank,.,Page,9,of,19

Mod. 10053032 CE05405/01 Customer Information Form (Natural Persons) 102469202410240000000000367518900002002001000 IDENTIFICATION Honorary Title Name (*): HOSSEIN MOHAMMADREZAEI Address of permanent residence (*): FLAT T1 4902 4 15 AL KHEERAN FI RST 415003989 RESIDENTIAL FLAT 51320 DUBAI UAE Post Code: 0000 - 000 IRÃO Place: UNITED ARAB EMIRATES Country: Do you reside in an address other than the one above for tax purposes(*)? No: Address 2: Post Code: Place: Country: IRÃO PERSONAL DATA Millennium bcp Yes: If yes - foreign Address (2): Identification Doc. nr.(*): X62254035 Identification type (*): PASSAPORTE Issued by (entity/ place) (*): IRÃO Valid until(*): 2028-04-29 Date of Birth (*): 1985-09-17 Gender (2): M Place of Birth (*) TEHRAN Nationality (*): IRÃO Country of Birth (*):: IRÃO Do you have a Nationality different from the one stated in your ID. Doc.(*)? No: 2nd Nationality (*): 2nd Identification Doc. nr.: 2nd document type (*): 2nd Country of document (*) Valid until (*): X Yes: If Yes, please state : TIN (*): 308325273 Legal Representative TIN: Are you subject to tax duties, namely the filling in of tax returns in another country other than the one of the addresses above (*)? Yes: If Yes, please state : No: Country: Foreign TIN(1): Country (1): IRÃO If not provided foreign TIN, Country doesn't issue Not mandatory in Country: Other: Father's name: Mother's name: Marital status / Marriage regime: CASADO Education: LICENCIATURA Proof Country - Emigrant: No: Yes: Proof Non-Resident Quality: No: Yes: BANCO COMERCIAL PORTUGUÊS, S.A., with registered office at Praça D. João 1, 28, 4000-295 Oporto, having a share capital of 3.000.000.000,00 Euros, registered at the Commercial Registry Office o f Oporto with the single commercial registration and TIN 501 525 882. Website: www.millenniumbcp.pt. Credit Institution registered in the special registry of Banco de Portugal under nr. 33. Finan cial Intermediary registered in the Portuguese Stock Market Regulator (Comissão do Mercado de Valores Mobiliários) under nr. 105. Insurancenagent, registered under nr. 419527602, with the Insur rance and Pension Funds Supervision Authonty - Registration Date: 21/01/2019. Authorization for the brokerage distribution of the life and non-life insurance. For information and further reg istration details, please consult: www.asf.com.pt. The Insurance Intermediary is not authorized to sign insurance contracts on behalf of the Insurer or receive any insurance premiums payable to th e Insurer. The Insurance Intermediary does not assume liability regarding any risks covered by the insurance contract, which shall be fully assumed by the Insurer. Page. 1 of 4,Mod,.,10053032,CE05405,/,01,Customer,Information,Form,(,Natural,Persons,),102469202410240000000000367518900002002001000,IDENTIFICATION,Honorary,Title,Name,(,*,),:,HOSSEIN,MOHAMMADREZAEI,Address,of,permanent,residence,(,*,),:,FLAT,T1,4902,4,15,AL,KHEERAN,FI,RST,415003989,RESIDENTIAL,FLAT,51320,DUBAI,UAE,Post,Code,:,0000,-,000,IRÃO,Place,:,UNITED,ARAB,EMIRATES,Country,:,Do,you,reside,in,an,address,other,than,the,one,above,for,tax,purposes,(,*,),?,No,:,Address,2,:,Post,Code,:,Place,:,Country,:,IRÃO,PERSONAL,DATA,Millennium,bcp,Yes,:,If,yes,-,foreign,Address,(,2,),:,Identification,Doc,.,nr,.,(,*,),:,X62254035,Identification,type,(,*,),:,PASSAPORTE,Issued,by,(,entity,/,place,),(,*,),:,IRÃO,Valid,until,(,*,),:,2028-04-29,Date,of,Birth,(,*,),:,1985-09-17,Gender,(,2,),:,M,Place,of,Birth,(,*,),TEHRAN,Nationality,(,*,),:,IRÃO,Country,of,Birth,(,*,),::,IRÃO,Do,you,have,a,Nationality,different,from,the,one,stated,in,your,ID,.,Doc,.,(,*,),?,No,:,2nd,Nationality,(,*,),:,2nd,Identification,Doc,.,nr,.:,2nd,document,type,(,*,),:,2nd,Country,of,document,(,*,),Valid,until,(,*,),:,X,Yes,:,If,Yes,,,please,state,:,TIN,(,*,),:,308325273,Legal,Representative,TIN,:,Are,you,subject,to,tax,duties,,,namely,the,filling,in,of,tax,returns,in,another,country,other,than,the,one,of,the,addresses,above,(,*,),?,Yes,:,If,Yes,,,please,state,:,No,:,Country,:,Foreign,TIN,(,1,),:,Country,(,1,),:,IRÃO,If,not,provided,foreign,TIN,,,Country,doesn't,issue,Not,mandatory,in,Country,:,Other,:,Father's,name,:,Mother's,name,:,Marital,status,/,Marriage,regime,:,CASADO,Education,:,LICENCIATURA,Proof,Country,-,Emigrant,:,No,:,Yes,:,Proof,Non,-,Resident,Quality,:,No,:,Yes,:,BANCO,COMERCIAL,PORTUGUÊS,,,S.A.,,,with,registered,office,at,Praça,D.,João,1,,,28,,,4000-295,Oporto,,,having,a,share,capital,of,3.000.000.000,00,Euros,,,registered,at,the,Commercial,Registry,Office,o,f,Oporto,with,the,single,commercial,registration,and,TIN,501,525,882.,Website,:,www.millenniumbcp.pt,.,Credit,Institution,registered,in,the,special,registry,of,Banco,de,Portugal,under,nr,.,33.,Finan,cial,Intermediary,registered,in,the,Portuguese,Stock,Market,Regulator,(,Comissão,do,Mercado,de,Valores,Mobiliários,),under,nr,.,105.,Insurancenagent,,,registered,under,nr,.,419527602,,,with,the,Insur,rance,and,Pension,Funds,Supervision,Authonty,-,Registration,Date,:,21/01/2019,.,Authorization,for,the,brokerage,distribution,of,the,life,and,non,-,life,insurance,.,For,information,and,further,reg,istration,details,,,please,consult,:,www.asf.com.pt.,The,Insurance,Intermediary,is,not,authorized,to,sign,insurance,contracts,on,behalf,of,the,Insurer,or,receive,any,insurance,premiums,payable,to,th,e,Insurer,.,The,Insurance,Intermediary,does,not,assume,liability,regarding,any,risks,covered,by,the,insurance,contract,,,which,shall,be,fully,assumed,by,the,Insurer,.,Page,.,1,of,4,Mod. 10053032 CE05405/01 Customer Information Form (Natural Persons) 102469202410240000000000367518900002002002000 - Proof Non Habitual Resident: No: Yes: Issued: PROFESSIONAL DATA TRABALHADOR P/CONTA OUTREM Professional status (*): Occupation (**): DIRETOR GERAL GESTOR EXECUT. EMPRESAS Company (**): AL KAWKAB AL AHMAR BLDG MAT TR LLC Function: N° ENI/Profissional Liberal: CAE Code: Trane name: Date open Activity: CIRS Code: Millennium bcp 1. Are you, or have you been during the last 12 months a (PEP) (a)? Type of PEP: No: Yes: If Yes, please state: Country: Since when: 2. Are you a relative of a politically exposed person (PEP) (*)? No: Relationship (2): ☑ Yes: If Yes, please state (2): 3. Do you keep a close corporate or commercial relation with a politically exposed person (*)? No: Yes: If Yes, please state (2): Type of corporate/commercial relation (2): Since when: PEP Name (2): Type of PEP (2): Gender (2): Country (2): Date of Birth (2): Identification type (2): Country: Address (2): Post Code: Country: Place: Ident. Doc. nr. (2): Tin nr. (2): Valid until (2): 4. Do you hold or did you hold a political or public position in Portugal during the last 12 months?(*) No: Yes: Which position?: Home phone nr.: Work phone nr. 1: Portuguese Mobile Phone: 00971-568028918 Foreign Mobile Phone: E-mail: [email protected] Work E-mail: CONTACT INFORMATION Call Home: Call Work: from to from to BANCO COMERCIAL PORTUGUÊS, S.A., with registered office at Praça D. João 1, 28, 4000-295 Oporto, having a share capital of 3.000.000.000,00 Euros, registered at the Commercial Registry Office o f Oporto with the single commercial registration and TIN 501 525 882. Website: www.millenniumbcp.pt. Credit Institution registered in the special registry of Banco de Portugal under nr. 33. Finan cial Intermediary registered in the Portuguese Stock Market Regulator (Comissão do Mercado de Valores Mobiliários) under nr. 105. Insurancenagent, registered under nr. 419527602, with the Insur rance and Pension Funds Supervision Authonty - Registration Date: 21/01/2019. Authorization for the brokerage distribution of the life and non-life insurance. For information and further reg istration details, please consult: www.asf.com.pt. The Insurance Intermediary is not authorized to sign insurance contracts on behalf of the Insurer or receive any insurance premiums payable to th e Insurer. The Insurance Intermediary does not assume liability regarding any risks covered by the insurance contract, which shall be fully assumed by the Insurer. Page. 2 of 4,Mod,.,10053032,CE05405,/,01,Customer,Information,Form,(,Natural,Persons,),102469202410240000000000367518900002002002000,-,Proof,Non,Habitual,Resident,:,No,:,Yes,:,Issued,:,PROFESSIONAL,DATA,TRABALHADOR,P,/,CONTA,OUTREM,Professional,status,(,*,),:,Occupation,(,**,),:,DIRETOR,GERAL,GESTOR,EXECUT,.,EMPRESAS,Company,(,**,),:,AL,KAWKAB,AL,AHMAR,BLDG,MAT,TR,LLC,Function,:,N,°,ENI,/,Profissional,Liberal,:,CAE,Code,:,Trane,name,:,Date,open,Activity,:,CIRS,Code,:,Millennium,bcp,1.,Are,you,,,or,have,you,been,during,the,last,12,months,a,(,PEP,),(,a,),?,Type,of,PEP,:,No,:,Yes,:,If,Yes,,,please,state,:,Country,:,Since,when,:,2.,Are,you,a,relative,of,a,politically,exposed,person,(,PEP,),(,*,),?,No,:,Relationship,(,2,),:,☑,Yes,:,If,Yes,,,please,state,(,2,),:,3.,Do,you,keep,a,close,corporate,or,commercial,relation,with,a,politically,exposed,person,(,*,),?,No,:,Yes,:,If,Yes,,,please,state,(,2,),:,Type,of,corporate,/,commercial,relation,(,2,),:,Since,when,:,PEP,Name,(,2,),:,Type,of,PEP,(,2,),:,Gender,(,2,),:,Country,(,2,),:,Date,of,Birth,(,2,),:,Identification,type,(,2,),:,Country,:,Address,(,2,),:,Post,Code,:,Country,:,Place,:,Ident,.,Doc,.,nr,.,(,2,),:,Tin,nr,.,(,2,),:,Valid,until,(,2,),:,4.,Do,you,hold,or,did,you,hold,a,political,or,public,position,in,Portugal,during,the,last,12,months,?,(,*,),No,:,Yes,:,Which,position,?:,Home,phone,nr,.:,Work,phone,nr,.,1,:,Portuguese,Mobile,Phone,:,00971-568028918,Foreign,Mobile,Phone,:,E,-,mail,:,[email protected],Work,E,-,mail,:,CONTACT,INFORMATION,Call,Home,:,Call,Work,:,from,to,from,to,BANCO,COMERCIAL,PORTUGUÊS,,,S.A.,,,with,registered,office,at,Praça,D.,João,1,,,28,,,4000-295,Oporto,,,having,a,share,capital,of,3.000.000.000,00,Euros,,,registered,at,the,Commercial,Registry,Office,o,f,Oporto,with,the,single,commercial,registration,and,TIN,501,525,882.,Website,:,www.millenniumbcp.pt,.,Credit,Institution,registered,in,the,special,registry,of,Banco,de,Portugal,under,nr,.,33.,Finan,cial,Intermediary,registered,in,the,Portuguese,Stock,Market,Regulator,(,Comissão,do,Mercado,de,Valores,Mobiliários,),under,nr,.,105.,Insurancenagent,,,registered,under,nr,.,419527602,,,with,the,Insur,rance,and,Pension,Funds,Supervision,Authonty,-,Registration,Date,:,21/01/2019,.,Authorization,for,the,brokerage,distribution,of,the,life,and,non,-,life,insurance,.,For,information,and,further,reg,istration,details,,,please,consult,:,www.asf.com.pt.,The,Insurance,Intermediary,is,not,authorized,to,sign,insurance,contracts,on,behalf,of,the,Insurer,or,receive,any,insurance,premiums,payable,to,th,e,Insurer,.,The,Insurance,Intermediary,does,not,assume,liability,regarding,any,risks,covered,by,the,insurance,contract,,,which,shall,be,fully,assumed,by,the,Insurer,.,Page,.,2,of,4,Mod. 10053032 CE05405/01 Customer Information Form (Natural Persons) 102469202410240000000000367518900002002003000 Multichannel No: Yes: Millennium bcp Personal Data Processing: Basic Data Protection Information Person/Area responsible for the processing of personal data Banco Comercial Português, S.A. Purpose Several, which may or may not be directly linked to this contract - according to the Privacy Policy Lawfulness criteria One of the following, according to its Purpose: Contract execution, Compliance with a Legal Requirement, Legitimate Interest pursued by the data controller, Consent of the data subject - according to the Privacy Policy. In the case of data processing for the purpose of direct marketing for clients, it will be conducted except if the client expressly opposes it. Recipients Millennium bcp is subject to bank secrecy duty pursuant to the General Framework for Credit Institutions and Financial Companies, therefore personal data are only sent to third-parties when such is authorized within the banking relationship and/or when the processors engaged by Millennium bcp also ensure compliance with bank secrecy, as well as with all other data protection regulations and legislation. Rights of the data subjects Access, rectification, opposition, limitation and portability - as well as to present a claim to the Supervisory Authority. Additional Information For further information, read the Bank's Privacy Policy at one of our Branches or at www.millenniumbcp.pt. Other Statements I hereby declare that the information herein provided is true and complete and I assume the obligation of promptly informing the Bank of any changes that may occur to the data herein provided. BANCO COMERCIAL PORTUGUÊS, S.A., with registered office at Praça D. João I, 28, 4000-295 Oporto, having a share capital of 3.000.000.000,00 Euros, registered at the Commercial Registry Office o f Oporto with the single commercial registration and TIN 501 525 882. Website: www.millenniumbcp.pt. Credit Institution registered in the special registry of Banco de Portugal under nr. 33. Finan cial Intermediary registered in the Portuguese Stock Market Regulator (Comissão do Mercado de Valores Mobiliários) under nr. 105. Insurancenagent, registered under nr. 419527602, with the Insur rance and Pension Funds Supervision Authority - Registration Date: 21/01/2019. Authorization for the brokerage distribution of the life and non-life insurance. For information and further reg istration details, please consult: www.asf.com.pt. The Insurance Intermediary is not authorized to sign insurance contracts on behalf of the Insurer or receive any insurance premiums payable to th e Insurer. The Insurance Intermediary does not assume liability regarding any risks covered by the insurance contract, which shall be fully assumed by the Insurer. Page. 3 of 4,Mod,.,10053032,CE05405,/,01,Customer,Information,Form,(,Natural,Persons,),102469202410240000000000367518900002002003000,Multichannel,No,:,Yes,:,Millennium,bcp,Personal,Data,Processing,:,Basic,Data,Protection,Information,Person,/,Area,responsible,for,the,processing,of,personal,data,Banco,Comercial,Português,,,S.A.,Purpose,Several,,,which,may,or,may,not,be,directly,linked,to,this,contract,-,according,to,the,Privacy,Policy,Lawfulness,criteria,One,of,the,following,,,according,to,its,Purpose,:,Contract,execution,,,Compliance,with,a,Legal,Requirement,,,Legitimate,Interest,pursued,by,the,data,controller,,,Consent,of,the,data,subject,-,according,to,the,Privacy,Policy,.,In,the,case,of,data,processing,for,the,purpose,of,direct,marketing,for,clients,,,it,will,be,conducted,except,if,the,client,expressly,opposes,it,.,Recipients,Millennium,bcp,is,subject,to,bank,secrecy,duty,pursuant,to,the,General,Framework,for,Credit,Institutions,and,Financial,Companies,,,therefore,personal,data,are,only,sent,to,third,-,parties,when,such,is,authorized,within,the,banking,relationship,and,/,or,when,the,processors,engaged,by,Millennium,bcp,also,ensure,compliance,with,bank,secrecy,,,as,well,as,with,all,other,data,protection,regulations,and,legislation,.,Rights,of,the,data,subjects,Access,,,rectification,,,opposition,,,limitation,and,portability,-,as,well,as,to,present,a,claim,to,the,Supervisory,Authority,.,Additional,Information,For,further,information,,,read,the,Bank's,Privacy,Policy,at,one,of,our,Branches,or,at,www.millenniumbcp.pt,.,Other,Statements,I,hereby,declare,that,the,information,herein,provided,is,true,and,complete,and,I,assume,the,obligation,of,promptly,informing,the,Bank,of,any,changes,that,may,occur,to,the,data,herein,provided,.,BANCO,COMERCIAL,PORTUGUÊS,,,S.A.,,,with,registered,office,at,Praça,D.,João,I,,,28,,,4000-295,Oporto,,,having,a,share,capital,of,3.000.000.000,00,Euros,,,registered,at,the,Commercial,Registry,Office,o,f,Oporto,with,the,single,commercial,registration,and,TIN,501,525,882.,Website,:,www.millenniumbcp.pt,.,Credit,Institution,registered,in,the,special,registry,of,Banco,de,Portugal,under,nr,.,33.,Finan,cial,Intermediary,registered,in,the,Portuguese,Stock,Market,Regulator,(,Comissão,do,Mercado,de,Valores,Mobiliários,),under,nr,.,105.,Insurancenagent,,,registered,under,nr,.,419527602,,,with,the,Insur,rance,and,Pension,Funds,Supervision,Authority,-,Registration,Date,:,21/01/2019,.,Authorization,for,the,brokerage,distribution,of,the,life,and,non,-,life,insurance,.,For,information,and,further,reg,istration,details,,,please,consult,:,www.asf.com.pt.,The,Insurance,Intermediary,is,not,authorized,to,sign,insurance,contracts,on,behalf,of,the,Insurer,or,receive,any,insurance,premiums,payable,to,th,e,Insurer,.,The,Insurance,Intermediary,does,not,assume,liability,regarding,any,risks,covered,by,the,insurance,contract,,,which,shall,be,fully,assumed,by,the,Insurer,.,Page,.,3,of,4,Mod. 10053032 CE05405/01 Customer Information Form (Natural Persons) 102469202410240000000000367518900002002004000 Millennium bcp I declare that I have previously given my consent so that Millenniumbcp can obtain and process my personal data, as well as confirm it, by accessing the Citizen's Card or the Digital Mobile Key, and I also authorise the disclosure of personal data necessary for this purpose. If it is impossible to read the citizen's card or mobile digital key, the holder gives consent to the Bank to make a photocopy of the personal identification document he/she showed to the Bank and to the filling of the copy thus collected. For the purpose of opening or updating an account for which I have or may have debit movement powers, I declare that I authorise Millennium bcp to access my data at the Central Credit Register of Banco de Portugal. Date: 2024-10-24 Signature as shown on the Identity Document HOSSEIN MOHAMMADREZAEI Accreditation of Signatures We verified the identification data against the document(s) presented (*) Form fields that must be filled in (**) Form fields that must be filled in if exists (1) Field that must be mandatorily filled in if the Customer is a non-resident Entity in Portugal or a US Citizen. (2) Field that must be mandatorily filled in if the Customer answered yes to questions 2 or 3. (a) Politically exposed person BANCO COMERCIAL PORTUGUÊS, S.A., with registered office at Praça D. João I, 28, 4000-295 Oporto, having a share capital of 3.000.000.000,00 Euros, registered at the Commercial Registry Office o f Oporto with the single commercial registration and TIN 501 525 882. Website: www.millenniumbcp.pt. Credit Institution registered in the special registry of Banco de Portugal under nr. 33. Finan cial Intermediary registered in the Portuguese Stock Market Regulator (Comissão do Mercado de Valores Mobiliários) under nr. 105. Insurancenagent, registered under nr. 419527602, with the Insur rance and Pension Funds Supervision Authority - Registration Date: 21/01/2019. Authorization for the brokerage distribution of the life and non-life insurance. For information and further reg istration details, please consult: www.asf.com.pt. The Insurance Intermediary is not authorized to sign insurance contracts on behalf of the Insurer or receive any insurance premiums payable to th e Insurer. The Insurance Intermediary does not assume liability regarding any risks covered by the insurance contract, which shall be fully assumed by the Insurer. Page. 4 of 4,Mod,.,10053032,CE05405,/,01,Customer,Information,Form,(,Natural,Persons,),102469202410240000000000367518900002002004000,Millennium,bcp,I,declare,that,I,have,previously,given,my,consent,so,that,Millenniumbcp,can,obtain,and,process,my,personal,data,,,as,well,as,confirm,it,,,by,accessing,the,Citizen's,Card,or,the,Digital,Mobile,Key,,,and,I,also,authorise,the,disclosure,of,personal,data,necessary,for,this,purpose,.,If,it,is,impossible,to,read,the,citizen's,card,or,mobile,digital,key,,,the,holder,gives,consent,to,the,Bank,to,make,a,photocopy,of,the,personal,identification,document,he,/,she,showed,to,the,Bank,and,to,the,filling,of,the,copy,thus,collected,.,For,the,purpose,of,opening,or,updating,an,account,for,which,I,have,or,may,have,debit,movement,powers,,,I,declare,that,I,authorise,Millennium,bcp,to,access,my,data,at,the,Central,Credit,Register,of,Banco,de,Portugal,.,Date,:,2024-10-24,Signature,as,shown,on,the,Identity,Document,HOSSEIN,MOHAMMADREZAEI,Accreditation,of,Signatures,We,verified,the,identification,data,against,the,document,(,s,),presented,(,*,),Form,fields,that,must,be,filled,in,(,**,),Form,fields,that,must,be,filled,in,if,exists,(,1,),Field,that,must,be,mandatorily,filled,in,if,the,Customer,is,a,non,-,resident,Entity,in,Portugal,or,a,US,Citizen,.,(,2,),Field,that,must,be,mandatorily,filled,in,if,the,Customer,answered,yes,to,questions,2,or,3,.,(,a,),Politically,exposed,person,BANCO,COMERCIAL,PORTUGUÊS,,,S.A.,,,with,registered,office,at,Praça,D.,João,I,,,28,,,4000-295,Oporto,,,having,a,share,capital,of,3.000.000.000,00,Euros,,,registered,at,the,Commercial,Registry,Office,o,f,Oporto,with,the,single,commercial,registration,and,TIN,501,525,882.,Website,:,www.millenniumbcp.pt,.,Credit,Institution,registered,in,the,special,registry,of,Banco,de,Portugal,under,nr,.,33.,Finan,cial,Intermediary,registered,in,the,Portuguese,Stock,Market,Regulator,(,Comissão,do,Mercado,de,Valores,Mobiliários,),under,nr,.,105.,Insurancenagent,,,registered,under,nr,.,419527602,,,with,the,Insur,rance,and,Pension,Funds,Supervision,Authority,-,Registration,Date,:,21/01/2019,.,Authorization,for,the,brokerage,distribution,of,the,life,and,non,-,life,insurance,.,For,information,and,further,reg,istration,details,,,please,consult,:,www.asf.com.pt.,The,Insurance,Intermediary,is,not,authorized,to,sign,insurance,contracts,on,behalf,of,the,Insurer,or,receive,any,insurance,premiums,payable,to,th,e,Insurer,.,The,Insurance,Intermediary,does,not,assume,liability,regarding,any,risks,covered,by,the,insurance,contract,,,which,shall,be,fully,assumed,by,the,Insurer,.,Page,.,4,of,4,Banco Comercial Portugues SA, Sede Praca joão Capity Sou 3.000.000.000.00 Euros Mats a Cons do Reg Com do Porto con 28 1000-295 Porto. ueco de matecular de identificação focal 5025882 Ref. 70200230 102469202410240000000000367518900172000001000 DATA PROTECTION INFORMATION Millennium bcp At Millenniumbcp we believe it is crucial that you know your rights regarding the protection of your personal data and that you understand the key issues about the way we treat it. We value and give great importance to the trust you place in us and thus ensure that your personal data is safe, processed in complete privacy and in accordance with the Data Protection General Regulation. Privacy, confidentiality and transparency are three core elements in the relationship of trust we have. established with our Customers. The processing of your personal data allows for, among other ends, the development and direct sale of products and services that we believe are best suited to each Customer's profile and needs. For this end, we use mathematical and statistical models to make an assessment of your economic situation, preferences and other personal data. We process data provided by you, generated by the use of the Bank's products and services, at Branches, on websites, on the apps, through the Contact Centre or using payment instruments. supplied by the Bank, as well as geographic data from third-parties, within the scope of the Bank's financial activities and insurance mediation. You may, at any time, oppose this type of processing of your personal data easily and for free, through the Bank's contacts you usually use. For further information, read the Bank's Privacy Policy at one of our Branches or at www.millenniumbcp.pt. Banco Comercial Português, S.A., Sede: Praça D. João I, 28, 4000-295 Porto Capital Social: 3.000.000.000,00 Euros - Matric. na Cons. do Reg. Com. do Porto, com o nº único de matrícula e de identificação fiscal 501 525 882,Banco,Comercial,Portugues,SA,,,Sede,Praca,joão,Capity,Sou,3.000.000.000.00,Euros,Mats,a,Cons,do,Reg,Com,do,Porto,con,28,1000-295,Porto,.,ueco,de,matecular,de,identificação,focal,5025882,Ref,.,70200230,102469202410240000000000367518900172000001000,DATA,PROTECTION,INFORMATION,Millennium,bcp,At,Millenniumbcp,we,believe,it,is,crucial,that,you,know,your,rights,regarding,the,protection,of,your,personal,data,and,that,you,understand,the,key,issues,about,the,way,we,treat,it,.,We,value,and,give,great,importance,to,the,trust,you,place,in,us,and,thus,ensure,that,your,personal,data,is,safe,,,processed,in,complete,privacy,and,in,accordance,with,the,Data,Protection,General,Regulation,.,Privacy,,,confidentiality,and,transparency,are,three,core,elements,in,the,relationship,of,trust,we,have,.,established,with,our,Customers,.,The,processing,of,your,personal,data,allows,for,,,among,other,ends,,,the,development,and,direct,sale,of,products,and,services,that,we,believe,are,best,suited,to,each,Customer's,profile,and,needs,.,For,this,end,,,we,use,mathematical,and,statistical,models,to,make,an,assessment,of,your,economic,situation,,,preferences,and,other,personal,data,.,We,process,data,provided,by,you,,,generated,by,the,use,of,the,Bank's,products,and,services,,,at,Branches,,,on,websites,,,on,the,apps,,,through,the,Contact,Centre,or,using,payment,instruments,.,supplied,by,the,Bank,,,as,well,as,geographic,data,from,third,-,parties,,,within,the,scope,of,the,Bank's,financial,activities,and,insurance,mediation,.,You,may,,,at,any,time,,,oppose,this,type,of,processing,of,your,personal,data,easily,and,for,free,,,through,the,Bank's,contacts,you,usually,use,.,For,further,information,,,read,the,Bank's,Privacy,Policy,at,one,of,our,Branches,or,at,www.millenniumbcp.pt,.,Banco,Comercial,Português,,,S.A.,,,Sede,:,Praça,D.,João,I,,,28,,,4000-295,Porto,Capital,Social,:,3.000.000.000,00,Euros,-,Matric,.,na,Cons,.,do,Reg,.,Com,.,do,Porto,,,com,o,nº,único,de,matrícula,e,de,identificação,fiscal,501,525,882,

Investment Basics Explained with Types to Invest in By Adam Hayes Updated March 16, 2023 Reviewed by Michael J Boyle Fact checked by Pete Rathburn Investopedia / Nez Riaz What Is an Investment? An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth. An investment always concerns the outlay of some resource today (time, effort, money, or an asset) in hopes of a greater payoff in the future than what was originally put in. For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit. Key Takeaways • • • • An investment involves putting capital to use today in order to increase its value over time. An investment requires putting capital to work, in the form of time, money, effort, etc., in hopes of a greater payoff in the future than what was originally put in. An investment can refer to any medium or mechanism used for generating future income, including bonds, stocks, real estate property, or alternative investments. Investments usually do not come with guarantees of appreciation; it is possible to end up with less money than with what you started. Investments can be diversified to reduce risk, though this may reduce the amount of earning potential.,Investment,Basics,Explained,with,Types,to,Invest,in,By,Adam,Hayes,Updated,March,16,,,2023,Reviewed,by,Michael,J,Boyle,Fact,checked,by,Pete,Rathburn,Investopedia,/,Nez,Riaz,What,Is,an,Investment,?,An,investment,is,an,asset,or,item,acquired,with,the,goal,of,generating,income,or,appreciation,.,Appreciation,refers,to,an,increase,in,the,value,of,an,asset,over,time,.,When,an,individual,purchases,a,good,as,an,investment,,,the,intent,is,not,to,consume,the,good,but,rather,to,use,it,in,the,future,to,create,wealth,.,An,investment,always,concerns,the,outlay,of,some,resource,today,(,time,,,effort,,,money,,,or,an,asset,),in,hopes,of,a,greater,payoff,in,the,future,than,what,was,originally,put,in,.,For,example,,,an,investor,may,purchase,a,monetary,asset,now,with,the,idea,that,the,asset,will,provide,income,in,the,future,or,will,later,be,sold,at,a,higher,price,for,a,profit,.,Key,Takeaways,•,•,•,•,An,investment,involves,putting,capital,to,use,today,in,order,to,increase,its,value,over,time,.,An,investment,requires,putting,capital,to,work,,,in,the,form,of,time,,,money,,,effort,,,etc.,,,in,hopes,of,a,greater,payoff,in,the,future,than,what,was,originally,put,in,.,An,investment,can,refer,to,any,medium,or,mechanism,used,for,generating,future,income,,,including,bonds,,,stocks,,,real,estate,property,,,or,alternative,investments,.,Investments,usually,do,not,come,with,guarantees,of,appreciation,;,it,is,possible,to,end,up,with,less,money,than,with,what,you,started,.,Investments,can,be,diversified,to,reduce,risk,,,though,this,may,reduce,the,amount,of,earning,potential,.,Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your way to the top! Submit trades in a virtual environment before you start risking your own money. Practice trading strategies so that when you're ready to enter the real market, you've had the practice you need. Try our Stock Simulator today >>,Put,your,trading,skills,to,the,test,with,our,FREE,Stock,Simulator,.,Compete,with,thousands,of,Investopedia,traders,and,trade,your,way,to,the,top,!,Submit,trades,in,a,virtual,environment,before,you,start,risking,your,own,money,.,Practice,trading,strategies,so,that,when,you're,ready,to,enter,the,real,market,,,you've,had,the,practice,you,need,.,Try,our,Stock,Simulator,today,>>,How an Investment Works The act of investing has the goal of generating income and increasing value over time. An investment can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property, among other examples. Additionally, purchasing a property that can be used to produce goods can be considered an investment. In general, any action that is taken in the hopes of raising future revenue can also be considered an investment. For example, when choosing to pursue additional education, the goal is often to increase knowledge and improve skills. The upfront investment of time attending class and money to pay for tuition will hopefully result in increased earnings over the student's career. Because investing is oriented toward the potential for future growth or income, there is always a certain level of risk associated with an investment. An investment may not generate any income, or may actually lose value over time. For example, a company you invest in may go bankrupt. Alternatively, the degree you investing time and money to obtain may not result in a strong job market in that field. An investment bank provides a variety of services to individuals and businesses, including many services that are designed to assist individuals and businesses in the process of increasing their wealth. Investment banking may also refer to a specific division of banking related to the creation of capital for other companies, governments, and other entities. Investment banks underwrite new debt and equity securities for all types of corporations, aid in the sale of securities, and help to facilitate mergers and acquisitions. Types of Investments There's arguably endless opportunities to invest; after all, upgrading the tires on your vehicle could be seen as an investment that enhances the usefulness and future value of the asset. Below are common types of investments in which people use to appreciate their capital. Stocks/Equities Stock Vs Share: Key Differences Definition: 'Stock' represents the holder's part-ownership in one or several companies. Meanwhile, 'share' refers to a single unit of ownership in a company. For example, if X has invested in stocks, it could mean that X has a portfolio of shares across different companies.,How,an,Investment,Works,The,act,of,investing,has,the,goal,of,generating,income,and,increasing,value,over,time,.,An,investment,can,refer,to,any,mechanism,used,for,generating,future,income,.,This,includes,the,purchase,of,bonds,,,stocks,,,or,real,estate,property,,,among,other,examples,.,Additionally,,,purchasing,a,property,that,can,be,used,to,produce,goods,can,be,considered,an,investment,.,In,general,,,any,action,that,is,taken,in,the,hopes,of,raising,future,revenue,can,also,be,considered,an,investment,.,For,example,,,when,choosing,to,pursue,additional,education,,,the,goal,is,often,to,increase,knowledge,and,improve,skills,.,The,upfront,investment,of,time,attending,class,and,money,to,pay,for,tuition,will,hopefully,result,in,increased,earnings,over,the,student's,career,.,Because,investing,is,oriented,toward,the,potential,for,future,growth,or,income,,,there,is,always,a,certain,level,of,risk,associated,with,an,investment,.,An,investment,may,not,generate,any,income,,,or,may,actually,lose,value,over,time,.,For,example,,,a,company,you,invest,in,may,go,bankrupt,.,Alternatively,,,the,degree,you,investing,time,and,money,to,obtain,may,not,result,in,a,strong,job,market,in,that,field,.,An,investment,bank,provides,a,variety,of,services,to,individuals,and,businesses,,,including,many,services,that,are,designed,to,assist,individuals,and,businesses,in,the,process,of,increasing,their,wealth,.,Investment,banking,may,also,refer,to,a,specific,division,of,banking,related,to,the,creation,of,capital,for,other,companies,,,governments,,,and,other,entities,.,Investment,banks,underwrite,new,debt,and,equity,securities,for,all,types,of,corporations,,,aid,in,the,sale,of,securities,,,and,help,to,facilitate,mergers,and,acquisitions,.,Types,of,Investments,There's,arguably,endless,opportunities,to,invest,;,after,all,,,upgrading,the,tires,on,your,vehicle,could,be,seen,as,an,investment,that,enhances,the,usefulness,and,future,value,of,the,asset,.,Below,are,common,types,of,investments,in,which,people,use,to,appreciate,their,capital,.,Stocks,/,Equities,Stock,Vs,Share,:,Key,Differences,Definition,:,',Stock,',represents,the,holder's,part,-,ownership,in,one,or,several,companies,.,Meanwhile,,,',share,',refers,to,a,single,unit,of,ownership,in,a,company,.,For,example,,,if,X,has,invested,in,stocks,,,it,could,mean,that,X,has,a,portfolio,of,shares,across,different,companies,.,A share of stock is a piece of ownership of a public or private company. By owning stock, the investor may be entitled to dividend distributions generated from the net profit of the company. As the company becomes more successful and other investors seek to buy that company's stock, it's value can also appreciate and be sold for capital gains. The two primary types of stocks to invest in are: common stock and preferred stock. Common stock often includes voting right and participation eligibility in certain matters. Preferred stock often have first claim to dividends and must be paid before common shareholders. In addition, stocks are often classified as being either growth or value investments. Investments in growth stocks is the strategy of investing in a company while it is small and before it achieves market success. Investment in value stocks is the strategy of investing in a more established company whose stock price may not appropriate value the company. Bonds/Fixed-Income Securities A bond is an investment that often demands an upfront investment, then pays a reoccurring amount over the life of the bond. Then, when the bond matures, the investor receives the capital invested into the bond back. Similar to debt, bond investments are a mechanism for certain entities to raise money. Many government entities and companies issue bonds; then, investors can contribute capital to earn a yield. The reoccurring payment awarded to bondholders is called a coupon payment. Because the coupon payment on a bond investment is usually fixed, the price of a bond will often fluctuate to change the bond's yield. For example, a bond paying 5% will become cheaper to buy if there are market opportunities to earn 6%; by falling in price, the bond will naturally earn a higher yield. Many investments can be leveraged for higher returns (or higher losses) through derivative products. It's often recommended that investors not handle derivatives unless they are aware of the high risk involved. Index Funds and Mutual Funds Instead of selecting each individual company to invest in, index funds, mutual funds, and other types of funds often aggregate specific investments to craft one investment vehicle. For example, an investor can buy shares of a single mutual,A,share,of,stock,is,a,piece,of,ownership,of,a,public,or,private,company,.,By,owning,stock,,,the,investor,may,be,entitled,to,dividend,distributions,generated,from,the,net,profit,of,the,company,.,As,the,company,becomes,more,successful,and,other,investors,seek,to,buy,that,company's,stock,,,it's,value,can,also,appreciate,and,be,sold,for,capital,gains,.,The,two,primary,types,of,stocks,to,invest,in,are,:,common,stock,and,preferred,stock,.,Common,stock,often,includes,voting,right,and,participation,eligibility,in,certain,matters,.,Preferred,stock,often,have,first,claim,to,dividends,and,must,be,paid,before,common,shareholders,.,In,addition,,,stocks,are,often,classified,as,being,either,growth,or,value,investments,.,Investments,in,growth,stocks,is,the,strategy,of,investing,in,a,company,while,it,is,small,and,before,it,achieves,market,success,.,Investment,in,value,stocks,is,the,strategy,of,investing,in,a,more,established,company,whose,stock,price,may,not,appropriate,value,the,company,.,Bonds,/,Fixed,-,Income,Securities,A,bond,is,an,investment,that,often,demands,an,upfront,investment,,,then,pays,a,reoccurring,amount,over,the,life,of,the,bond,.,Then,,,when,the,bond,matures,,,the,investor,receives,the,capital,invested,into,the,bond,back,.,Similar,to,debt,,,bond,investments,are,a,mechanism,for,certain,entities,to,raise,money,.,Many,government,entities,and,companies,issue,bonds,;,then,,,investors,can,contribute,capital,to,earn,a,yield,.,The,reoccurring,payment,awarded,to,bondholders,is,called,a,coupon,payment,.,Because,the,coupon,payment,on,a,bond,investment,is,usually,fixed,,,the,price,of,a,bond,will,often,fluctuate,to,change,the,bond's,yield,.,For,example,,,a,bond,paying,5,%,will,become,cheaper,to,buy,if,there,are,market,opportunities,to,earn,6,%,;,by,falling,in,price,,,the,bond,will,naturally,earn,a,higher,yield,.,Many,investments,can,be,leveraged,for,higher,returns,(,or,higher,losses,),through,derivative,products,.,It's,often,recommended,that,investors,not,handle,derivatives,unless,they,are,aware,of,the,high,risk,involved,.,Index,Funds,and,Mutual,Funds,Instead,of,selecting,each,individual,company,to,invest,in,,,index,funds,,,mutual,funds,,,and,other,types,of,funds,often,aggregate,specific,investments,to,craft,one,investment,vehicle,.,For,example,,,an,investor,can,buy,shares,of,a,single,mutual,fund that holds ownership of small cap, emerging market companies instead of having to research and select each company on its own. Mutual funds are actively managed by a firm, while index funds are often passively-managed. This means that the investment professionals overseeing the mutual fund is trying to beat a specific benchmark, while index funds often attempt to simply copy or imitate a benchmark. For this reason, mutual funds may be a more expense fund to invest in compared to more passive-style funds. Real Estate Real estate investments are often broadly defined as investments in physical, tangible spaces that can be utilized. Land can be built on, office buildings can be occupied, warehouses can store inventory, and residential properties can house families. Real estate investments may encompass acquiring sites, developing sites for specific uses, or purchasing ready-to-occupy operating sites. In some contexts, real estate may broadly encompass certain types of investments that may yield commodities. For example, an investor can invest in farmland; in addition to reaping the reward of land value appreciation, the investment earns a return based on the crop yield and operating income. Commodities Commodities are often raw materials such as agriculture, energy, or metals. Investors can choose to invest in actual tangible commodities (i.e. owning a bar of gold) or can choose alternative investment products that represent digital ownership (i.e. a gold ETF). Gold ETFs are commodity funds that trade like stocks and have become a very popular form of investment. Although they are made up of assets that are backed by gold, investors don't actually own the physical commodity. Instead, they own small quantities of gold-related assets, providing more diversity in their portfolio. Commodities can be an investment because they are often used as inputs to society. Consider oil, gas, or other forms of energy. During periods of economic growth, companies often have greater energy needs to ship more products or manufacture additional goods. In addition, consumers may have greater demand for energy due to travel. In this example, the price of commodities fluctuates and may yield a profit for an investor. Cryptocurrency,fund,that,holds,ownership,of,small,cap,,,emerging,market,companies,instead,of,having,to,research,and,select,each,company,on,its,own,.,Mutual,funds,are,actively,managed,by,a,firm,,,while,index,funds,are,often,passively,-,managed,.,This,means,that,the,investment,professionals,overseeing,the,mutual,fund,is,trying,to,beat,a,specific,benchmark,,,while,index,funds,often,attempt,to,simply,copy,or,imitate,a,benchmark,.,For,this,reason,,,mutual,funds,may,be,a,more,expense,fund,to,invest,in,compared,to,more,passive,-,style,funds,.,Real,Estate,Real,estate,investments,are,often,broadly,defined,as,investments,in,physical,,,tangible,spaces,that,can,be,utilized,.,Land,can,be,built,on,,,office,buildings,can,be,occupied,,,warehouses,can,store,inventory,,,and,residential,properties,can,house,families,.,Real,estate,investments,may,encompass,acquiring,sites,,,developing,sites,for,specific,uses,,,or,purchasing,ready,-,to,-,occupy,operating,sites,.,In,some,contexts,,,real,estate,may,broadly,encompass,certain,types,of,investments,that,may,yield,commodities,.,For,example,,,an,investor,can,invest,in,farmland,;,in,addition,to,reaping,the,reward,of,land,value,appreciation,,,the,investment,earns,a,return,based,on,the,crop,yield,and,operating,income,.,Commodities,Commodities,are,often,raw,materials,such,as,agriculture,,,energy,,,or,metals,.,Investors,can,choose,to,invest,in,actual,tangible,commodities,(,i.e.,owning,a,bar,of,gold,),or,can,choose,alternative,investment,products,that,represent,digital,ownership,(,i.e.,a,gold,ETF,),.,Gold,ETFs,are,commodity,funds,that,trade,like,stocks,and,have,become,a,very,popular,form,of,investment,.,Although,they,are,made,up,of,assets,that,are,backed,by,gold,,,investors,don't,actually,own,the,physical,commodity,.,Instead,,,they,own,small,quantities,of,gold,-,related,assets,,,providing,more,diversity,in,their,portfolio,.,Commodities,can,be,an,investment,because,they,are,often,used,as,inputs,to,society,.,Consider,oil,,,gas,,,or,other,forms,of,energy,.,During,periods,of,economic,growth,,,companies,often,have,greater,energy,needs,to,ship,more,products,or,manufacture,additional,goods,.,In,addition,,,consumers,may,have,greater,demand,for,energy,due,to,travel,.,In,this,example,,,the,price,of,commodities,fluctuates,and,may,yield,a,profit,for,an,investor,.,Cryptocurrency,Cryptocurrency is a blockchain-based currency used to transact or hold digital value. Cryptocurrency companies can issue coins or tokens that may appreciate in value. These tokens can be used to transact with or pay fees to transact using specific networks. In addition to capital appreciation, cryptocurrency can be staked on a blockchain. This means that when investors agree to lock their tokens on a network to help validate transactions, these investors will be rewarded with additional tokens. In addition, cryptocurrency has given rise to decentralized finance, a digital branch of finance that enables users to loan, leverage, or alternatively utilize currency. Collectibles A less traditional form of investing, collecting or purchasing collectibles involves acquiring rare items in anticipation of those items becoming in higher demand. Ranging from sports memorabilia to comic books, these physical items often require substantial physical preservation especially considering that older items usually carry higher value. The concept behind collectibles is no different than other forms of investing such as equities. Both predict that the popularity of something will increase in the future. For example, a current artist may not be popular but changes in global trends, styles, and market interest. However, their art may become more valuable in time should the general population take a stronger interest in their work. An investment (i.e. stocks or bonds) is overseen at a financial institution (i.e. a broker). In addition, there are different vehicles (i.e an IRA) that hold the investments. As you start investing, you'll need to figure out what you want for both. How to Start Investing There are many different avenues one can take when learning how to invest or where to start when putting money aside. Here are some tips for getting started in investing: Do your own research. A common phrase used in the investing industry, it is important for investors to understand the vehicles they are putting their money into. Whether it is a single share of a well-established company or a risky alternative investment endeavor, investors should do,Cryptocurrency,is,a,blockchain,-,based,currency,used,to,transact,or,hold,digital,value,.,Cryptocurrency,companies,can,issue,coins,or,tokens,that,may,appreciate,in,value,.,These,tokens,can,be,used,to,transact,with,or,pay,fees,to,transact,using,specific,networks,.,In,addition,to,capital,appreciation,,,cryptocurrency,can,be,staked,on,a,blockchain,.,This,means,that,when,investors,agree,to,lock,their,tokens,on,a,network,to,help,validate,transactions,,,these,investors,will,be,rewarded,with,additional,tokens,.,In,addition,,,cryptocurrency,has,given,rise,to,decentralized,finance,,,a,digital,branch,of,finance,that,enables,users,to,loan,,,leverage,,,or,alternatively,utilize,currency,.,Collectibles,A,less,traditional,form,of,investing,,,collecting,or,purchasing,collectibles,involves,acquiring,rare,items,in,anticipation,of,those,items,becoming,in,higher,demand,.,Ranging,from,sports,memorabilia,to,comic,books,,,these,physical,items,often,require,substantial,physical,preservation,especially,considering,that,older,items,usually,carry,higher,value,.,The,concept,behind,collectibles,is,no,different,than,other,forms,of,investing,such,as,equities,.,Both,predict,that,the,popularity,of,something,will,increase,in,the,future,.,For,example,,,a,current,artist,may,not,be,popular,but,changes,in,global,trends,,,styles,,,and,market,interest,.,However,,,their,art,may,become,more,valuable,in,time,should,the,general,population,take,a,stronger,interest,in,their,work,.,An,investment,(,i.e.,stocks,or,bonds,),is,overseen,at,a,financial,institution,(,i.e.,a,broker,),.,In,addition,,,there,are,different,vehicles,(,i.e,an,IRA,),that,hold,the,investments,.,As,you,start,investing,,,you'll,need,to,figure,out,what,you,want,for,both,.,How,to,Start,Investing,There,are,many,different,avenues,one,can,take,when,learning,how,to,invest,or,where,to,start,when,putting,money,aside,.,Here,are,some,tips,for,getting,started,in,investing,:,Do,your,own,research,.,A,common,phrase,used,in,the,investing,industry,,,it,is,important,for,investors,to,understand,the,vehicles,they,are,putting,their,money,into,.,Whether,it,is,a,single,share,of,a,well,-,established,company,or,a,risky,alternative,investment,endeavor,,,investors,should,do,their homework in advance as opposed to relying on third-party (and often biased) advice. Establish a personal spending plan. Before investing, individuals should consider their ability to put money away. This includes ensuring they have enough capital to pay monthly expenses and have already built up an emergency fund. As enticing as investing can be, individuals should be mindful to meet their daily life obligations first. Understand liquidity restrictions. Some investors may be less liquid than others, meaning it may be more difficult to sell. In some cases, an investment may be locked for a certain period and cannot be liquidated. Though not necessary fine print, it's important to understand whether certain investments can be bought or sold at any time. Research tax implications. On a similar note, though an investment can be bought or sold at any time, it may be tax-adverse to do so. With unfavorable short-term capital gains tax rates, investors should be mindful of strategies that extend beyond what product they hold but what tax vehicle they put that investment in. Gauge your risk preference. As mentioned earlier, investing incurs risk. This means you may end up with less money than what you started with. Investors uncomfortable with this idea can (1) reduce the amount they invest to only what they are comfortable losing or (2) explore ways to mitigate risk. Consult an adviser. Many financial professionals would be happy to provide their guidance, let you know what they think about markets, and give you access to online platforms where you can invest money. Return on Investment The primary way to gauge the success of an investment is to calculate the return on investment (ROI). ROI is measured as: ROI = (Current Value of Investment - Original Value of Investment) / Original Value of Investment ROI allows different investments across different industries to be appropriately compared. For example, consider two investments: a $1,000 investment in stock that increased to $1,100 over the past year, or a $150,000 investment in real estate that is now worth $160,000. = Stock ROI ($1,100 - $1,000) / $1,000 = $100 / $1,000 = 10% Real Estate ROI = ($160,000 - $150,000) / $150,000 = $10,000 / $150,000 = 6.67%,their,homework,in,advance,as,opposed,to,relying,on,third,-,party,(,and,often,biased,),advice,.,Establish,a,personal,spending,plan,.,Before,investing,,,individuals,should,consider,their,ability,to,put,money,away,.,This,includes,ensuring,they,have,enough,capital,to,pay,monthly,expenses,and,have,already,built,up,an,emergency,fund,.,As,enticing,as,investing,can,be,,,individuals,should,be,mindful,to,meet,their,daily,life,obligations,first,.,Understand,liquidity,restrictions,.,Some,investors,may,be,less,liquid,than,others,,,meaning,it,may,be,more,difficult,to,sell,.,In,some,cases,,,an,investment,may,be,locked,for,a,certain,period,and,cannot,be,liquidated,.,Though,not,necessary,fine,print,,,it's,important,to,understand,whether,certain,investments,can,be,bought,or,sold,at,any,time,.,Research,tax,implications,.,On,a,similar,note,,,though,an,investment,can,be,bought,or,sold,at,any,time,,,it,may,be,tax,-,adverse,to,do,so,.,With,unfavorable,short,-,term,capital,gains,tax,rates,,,investors,should,be,mindful,of,strategies,that,extend,beyond,what,product,they,hold,but,what,tax,vehicle,they,put,that,investment,in,.,Gauge,your,risk,preference,.,As,mentioned,earlier,,,investing,incurs,risk,.,This,means,you,may,end,up,with,less,money,than,what,you,started,with,.,Investors,uncomfortable,with,this,idea,can,(,1,),reduce,the,amount,they,invest,to,only,what,they,are,comfortable,losing,or,(,2,),explore,ways,to,mitigate,risk,.,Consult,an,adviser,.,Many,financial,professionals,would,be,happy,to,provide,their,guidance,,,let,you,know,what,they,think,about,markets,,,and,give,you,access,to,online,platforms,where,you,can,invest,money,.,Return,on,Investment,The,primary,way,to,gauge,the,success,of,an,investment,is,to,calculate,the,return,on,investment,(,ROI,),.,ROI,is,measured,as,:,ROI,=,(,Current,Value,of,Investment,-,Original,Value,of,Investment,),/,Original,Value,of,Investment,ROI,allows,different,investments,across,different,industries,to,be,appropriately,compared,.,For,example,,,consider,two,investments,:,a,$,1,000,investment,in,stock,that,increased,to,$,1,100,over,the,past,year,,,or,a,$,150,000,investment,in,real,estate,that,is,now,worth,$,160,000,.,=,Stock,ROI,(,$,1,100,-,$,1,000,),/,$,1,000,=,$,100,/,$,1,000,=,10,%,Real,Estate,ROI,=,(,$,160,000,-,$,150,000,),/,$,150,000,=,$,10,000,/,$,150,000,=,6.67,%,Though the real estate investment has increased in value $10,000, many would claim that the stock investment has outperformed the real estate investment. This is because every dollar invested in the stock gained more money than every dollar invested in real estate. ROI isn't everything; consider an investment that earns a stead 10% ROI each year compared to a second investment that has an equal chance of earning 25% or losing 25%. For some, stable earnings outpace higher earning investment potential. Investments and Risk In its simplest form, investment return and risk should have a positive correlation. If an investment carries high risk, it should be accompanied by higher returns. If an investment is safer, it will often have lower returns. When making investment decisions, investors must gauge their risk appetite. Every investor will be different, as some may be willing to risk the loss of principle in exchange for the chance at greater profits. Alternatively, extremely risk-averse investors seek only the safest vehicles where their investment will only consistently (but slowly) grow. Investments and risk are often strongly related to prevailing conditions in the investor's life. As an investor approaches retirement, they will no longer have stable, ongoing income. For this reason, people usually choose safer investments towards the end of their working career. On the other hand, a young professional can often bear the burden of losing money as they have their entire career to make that capital back. For this reason, younger investors are often more likely to invest in riskier investments. Investments and Diversification One way investors can reduce portfolio risk is to have a broad range of what they are invested in. By holding different products or securities, an investor may not lose as much money as they are not fully exposed in any one way. The concept of diversification was born from modern portfolio theory, the idea that holding both equities and bonds will positively impact the risk-adjusted rate of return in a portfolio. The argument is holding strictly equities may maximize returns but also maximizes volatility. Pairing it with a more stable investment with lower returns will decrease the risk an investor incurs. Investing vs. Speculation,Though,the,real,estate,investment,has,increased,in,value,$,10,000,,,many,would,claim,that,the,stock,investment,has,outperformed,the,real,estate,investment,.,This,is,because,every,dollar,invested,in,the,stock,gained,more,money,than,every,dollar,invested,in,real,estate,.,ROI,isn't,everything,;,consider,an,investment,that,earns,a,stead,10,%,ROI,each,year,compared,to,a,second,investment,that,has,an,equal,chance,of,earning,25,%,or,losing,25,%,.,For,some,,,stable,earnings,outpace,higher,earning,investment,potential,.,Investments,and,Risk,In,its,simplest,form,,,investment,return,and,risk,should,have,a,positive,correlation,.,If,an,investment,carries,high,risk,,,it,should,be,accompanied,by,higher,returns,.,If,an,investment,is,safer,,,it,will,often,have,lower,returns,.,When,making,investment,decisions,,,investors,must,gauge,their,risk,appetite,.,Every,investor,will,be,different,,,as,some,may,be,willing,to,risk,the,loss,of,principle,in,exchange,for,the,chance,at,greater,profits,.,Alternatively,,,extremely,risk,-,averse,investors,seek,only,the,safest,vehicles,where,their,investment,will,only,consistently,(,but,slowly,),grow,.,Investments,and,risk,are,often,strongly,related,to,prevailing,conditions,in,the,investor's,life,.,As,an,investor,approaches,retirement,,,they,will,no,longer,have,stable,,,ongoing,income,.,For,this,reason,,,people,usually,choose,safer,investments,towards,the,end,of,their,working,career,.,On,the,other,hand,,,a,young,professional,can,often,bear,the,burden,of,losing,money,as,they,have,their,entire,career,to,make,that,capital,back,.,For,this,reason,,,younger,investors,are,often,more,likely,to,invest,in,riskier,investments,.,Investments,and,Diversification,One,way,investors,can,reduce,portfolio,risk,is,to,have,a,broad,range,of,what,they,are,invested,in,.,By,holding,different,products,or,securities,,,an,investor,may,not,lose,as,much,money,as,they,are,not,fully,exposed,in,any,one,way,.,The,concept,of,diversification,was,born,from,modern,portfolio,theory,,,the,idea,that,holding,both,equities,and,bonds,will,positively,impact,the,risk,-,adjusted,rate,of,return,in,a,portfolio,.,The,argument,is,holding,strictly,equities,may,maximize,returns,but,also,maximizes,volatility,.,Pairing,it,with,a,more,stable,investment,with,lower,returns,will,decrease,the,risk,an,investor,incurs,.,Investing,vs.,Speculation,Speculation is a distinct activity from investing. Investing involves the purchase of assets with the intent of holding them for the long term, while speculation involves attempting to capitalize on market inefficiencies for short-term profit. Ownership is generally not a goal of speculators, while investors often look to build the number of assets in their portfolios over time. Although speculators are often making informed decisions, speculation cannot usually be categorized as traditional investing. Speculation is generally considered a higher risk activity than traditional investing (although this can vary depending on the type of investment involved). Some experts compare speculation to gambling, but the veracity of this analogy may be a matter of personal opinion. Investing vs. Saving Saving is accumulating money for future use and entails no risk, whereas investment is the act of leveraging money for a potential future gain and it entails some risk. Though both have the intention of having more capital available in the future, each go about growing in a very different way. One aspect this is most transparent is the process of saving for a down payment on a home. Many advisors will suggest parking cash in a safer investment vehicle when saving for an important major purchase. Because investing incurs a higher degree of risk, an individual must compare what implications of loss of principle would be to their future plans. Saving and investing are often intertwined because each may have a stated yield or rate of return. Another primary difference is the federal insurance coverage on certain accounts. The FDIC offers insurance coverage for bank accounts balances up to $250,000; this type of financial guarantee is often not present in investing. How Is an Investment Different From a Bet or Gamble? In an investment, you are providing some individual or entity with funds to be put to work growing a business, starting new projects, or maintaining day-to- day revenue generation. Investments, while they can be risky, have a positive expected return. Gambles, on the other hand, are based on chance and not putting money to work. Gambles are highly risky and also have a negative expected return in most cases (e.g., at a casino).,Speculation,is,a,distinct,activity,from,investing,.,Investing,involves,the,purchase,of,assets,with,the,intent,of,holding,them,for,the,long,term,,,while,speculation,involves,attempting,to,capitalize,on,market,inefficiencies,for,short,-,term,profit,.,Ownership,is,generally,not,a,goal,of,speculators,,,while,investors,often,look,to,build,the,number,of,assets,in,their,portfolios,over,time,.,Although,speculators,are,often,making,informed,decisions,,,speculation,cannot,usually,be,categorized,as,traditional,investing,.,Speculation,is,generally,considered,a,higher,risk,activity,than,traditional,investing,(,although,this,can,vary,depending,on,the,type,of,investment,involved,),.,Some,experts,compare,speculation,to,gambling,,,but,the,veracity,of,this,analogy,may,be,a,matter,of,personal,opinion,.,Investing,vs.,Saving,Saving,is,accumulating,money,for,future,use,and,entails,no,risk,,,whereas,investment,is,the,act,of,leveraging,money,for,a,potential,future,gain,and,it,entails,some,risk,.,Though,both,have,the,intention,of,having,more,capital,available,in,the,future,,,each,go,about,growing,in,a,very,different,way,.,One,aspect,this,is,most,transparent,is,the,process,of,saving,for,a,down,payment,on,a,home,.,Many,advisors,will,suggest,parking,cash,in,a,safer,investment,vehicle,when,saving,for,an,important,major,purchase,.,Because,investing,incurs,a,higher,degree,of,risk,,,an,individual,must,compare,what,implications,of,loss,of,principle,would,be,to,their,future,plans,.,Saving,and,investing,are,often,intertwined,because,each,may,have,a,stated,yield,or,rate,of,return,.,Another,primary,difference,is,the,federal,insurance,coverage,on,certain,accounts,.,The,FDIC,offers,insurance,coverage,for,bank,accounts,balances,up,to,$,250,000,;,this,type,of,financial,guarantee,is,often,not,present,in,investing,.,How,Is,an,Investment,Different,From,a,Bet,or,Gamble,?,In,an,investment,,,you,are,providing,some,individual,or,entity,with,funds,to,be,put,to,work,growing,a,business,,,starting,new,projects,,,or,maintaining,day,-,to-,day,revenue,generation,.,Investments,,,while,they,can,be,risky,,,have,a,positive,expected,return,.,Gambles,,,on,the,other,hand,,,are,based,on,chance,and,not,putting,money,to,work,.,Gambles,are,highly,risky,and,also,have,a,negative,expected,return,in,most,cases,(,e.g.,,,at,a,casino,),.,Is Investment the Same As Speculation? Not really. An investment is typically a long-term commitment, where the payoff from putting that money to work can take several years. Investments are typically made only after due diligence and proper analysis have been undertaken to understand the risks and benefits that could unfold. Speculation, on the other hand, is a pure directional bet on the price of something, and often for the short-term. What Are Some Types of Investments I Can Make? Most ordinary individuals can easily make investments in stocks, bonds, and CDs. With stocks, you are investing in the equity of a company, which means you invest in some residual claim to a company's future profit flows and often gain voting rights (based on the number of shares owned) to give your voice to the direction of the company. Bonds and CDs are debt investments, where the borrower puts that money to use in a pursuit that is expected to bring in cash flows greater than the interest owed to the investors. Why Invest When You Can Save Money With Zero Risk? As mentioned, investing is putting money to work in order to grow it. When you invest in stocks or bonds, you are putting that capital to work under the supervision of a firm and its management team. Although there is some risk, that risk is rewarded with a positive expected return in the form of capital gains and/or dividend & interest flows. Cash, on the other hand, will not grow, and may very well lose buying power over time due to inflation. Put simply, without investment, companies would not be able to raise the capital needed to grow the economy. The Bottom Line An investment is a plan to put money to work today in hopes of obtaining a greater amount of money in the future. Though that plan may not always work out and investments can lose money, it is also the primary way people save for major purchases or retirement. Ranging from stocks, bonds, real estate, commodities, and modern alternative investments, the digital age has brought about easy, transparent, and fast methods of investing money. Compete Risk Free with $100,000 in Virtual Cash,Is,Investment,the,Same,As,Speculation,?,Not,really,.,An,investment,is,typically,a,long,-,term,commitment,,,where,the,payoff,from,putting,that,money,to,work,can,take,several,years,.,Investments,are,typically,made,only,after,due,diligence,and,proper,analysis,have,been,undertaken,to,understand,the,risks,and,benefits,that,could,unfold,.,Speculation,,,on,the,other,hand,,,is,a,pure,directional,bet,on,the,price,of,something,,,and,often,for,the,short,-,term,.,What,Are,Some,Types,of,Investments,I,Can,Make,?,Most,ordinary,individuals,can,easily,make,investments,in,stocks,,,bonds,,,and,CDs,.,With,stocks,,,you,are,investing,in,the,equity,of,a,company,,,which,means,you,invest,in,some,residual,claim,to,a,company's,future,profit,flows,and,often,gain,voting,rights,(,based,on,the,number,of,shares,owned,),to,give,your,voice,to,the,direction,of,the,company,.,Bonds,and,CDs,are,debt,investments,,,where,the,borrower,puts,that,money,to,use,in,a,pursuit,that,is,expected,to,bring,in,cash,flows,greater,than,the,interest,owed,to,the,investors,.,Why,Invest,When,You,Can,Save,Money,With,Zero,Risk,?,As,mentioned,,,investing,is,putting,money,to,work,in,order,to,grow,it,.,When,you,invest,in,stocks,or,bonds,,,you,are,putting,that,capital,to,work,under,the,supervision,of,a,firm,and,its,management,team,.,Although,there,is,some,risk,,,that,risk,is,rewarded,with,a,positive,expected,return,in,the,form,of,capital,gains,and,/,or,dividend,&,interest,flows,.,Cash,,,on,the,other,hand,,,will,not,grow,,,and,may,very,well,lose,buying,power,over,time,due,to,inflation,.,Put,simply,,,without,investment,,,companies,would,not,be,able,to,raise,the,capital,needed,to,grow,the,economy,.,The,Bottom,Line,An,investment,is,a,plan,to,put,money,to,work,today,in,hopes,of,obtaining,a,greater,amount,of,money,in,the,future,.,Though,that,plan,may,not,always,work,out,and,investments,can,lose,money,,,it,is,also,the,primary,way,people,save,for,major,purchases,or,retirement,.,Ranging,from,stocks,,,bonds,,,real,estate,,,commodities,,,and,modern,alternative,investments,,,the,digital,age,has,brought,about,easy,,,transparent,,,and,fast,methods,of,investing,money,.,Compete,Risk,Free,with,$,100,000,in,Virtual,Cash

CUSTOMER REGISTRATION FORM Legal Name of the Entity (Customer Name) Address Contact Person Name Telephone Number Fax Number Email Address Website Address Fujairah Oil Terminal FZC General Information LMAN ALSHAMS RAW MATERIALS TRADING L.L.C OFFICE 312, AL MOOSA TOWER 2, SHEIKH ZAYED ROAD,DUBAI MOHAMMAD NAWAZ MOHAMMAD NAWAB +971589500490 [email protected] Trade License No. & Date of Issue 1364432-16/05/2024 Tax Registration No. & Date of Issue Type of Firm (LLC/Partnership/Free Zone/Sole L.L.C Proprietorship/Others, specify) Country of Incorporation UAE Country of Domicile / Business UAE Date of Establishment 16/05/2024 Number of Employees Nature of Business (Detailed nature of business of the client covering industry/economic sector, products/service lines and geographies involved for all lines of business that client is involved in) 2 RAW MATERIALS TRADING- products Ownership Structure (All layers of shareholders) S. Name of Owner/Shareholder No. % Of Share 1 MOHAMMAD NAWAZ MOHAMMAD NAWAB 100 Trade License No./ Registration No./ Passport No. S6599358 Address of Owners/ Shareholders OSA TOWER 2, SHEIKH Z S. No. Board of Directors (Controlling Persons, e.g., Settlor / Protector/Trustees in case of Trust) Full Name 1 MOHAMMAD NAWAZ MOHAMMAD NAWAB Nationality (Including dual nationality, if applicable) INDIA Residential Status (Resident/ Non-resident) RESIDENT FOT-IMS-CMM-FO-01A Rev: 02 CUSTOMER REGISTRATION FORM 21/12/2022 Page 1 of 4,CUSTOMER,REGISTRATION,FORM,Legal,Name,of,the,Entity,(,Customer,Name,),Address,Contact,Person,Name,Telephone,Number,Fax,Number,Email,Address,Website,Address,Fujairah,Oil,Terminal,FZC,General,Information,LMAN,ALSHAMS,RAW,MATERIALS,TRADING,L.L.C,OFFICE,312,,,AL,MOOSA,TOWER,2,,,SHEIKH,ZAYED,ROAD,,,DUBAI,MOHAMMAD,NAWAZ,MOHAMMAD,NAWAB,+971589500490,[email protected],Trade,License,No.,&,Date,of,Issue,1364432-16,/,05,/,2024,Tax,Registration,No.,&,Date,of,Issue,Type,of,Firm,(,LLC,/,Partnership,/,Free,Zone,/,Sole,L.L.C,Proprietorship,/,Others,,,specify,),Country,of,Incorporation,UAE,Country,of,Domicile,/,Business,UAE,Date,of,Establishment,16/05/2024,Number,of,Employees,Nature,of,Business,(,Detailed,nature,of,business,of,the,client,covering,industry,/,economic,sector,,,products,/,service,lines,and,geographies,involved,for,all,lines,of,business,that,client,is,involved,in,),2,RAW,MATERIALS,TRADING-,products,Ownership,Structure,(,All,layers,of,shareholders,),S.,Name,of,Owner,/,Shareholder,No.,%,Of,Share,1,MOHAMMAD,NAWAZ,MOHAMMAD,NAWAB,100,Trade,License,No./,Registration,No./,Passport,No.,S6599358,Address,of,Owners,/,Shareholders,OSA,TOWER,2,,,SHEIKH,Z,S.,No.,Board,of,Directors,(,Controlling,Persons,,,e.g.,,,Settlor,/,Protector,/,Trustees,in,case,of,Trust,),Full,Name,1,MOHAMMAD,NAWAZ,MOHAMMAD,NAWAB,Nationality,(,Including,dual,nationality,,,if,applicable,),INDIA,Residential,Status,(,Resident,/,Non,-,resident,),RESIDENT,FOT,-,IMS,-,CMM,-,FO,-,01A,Rev,:,02,CUSTOMER,REGISTRATION,FORM,21/12/2022,Page,1,of,4,Description CUSTOMER REGISTRATION FORM Senior Management (CEO/CFO/COO or Equivalents) Designation/ Position S. Full Name No. 1 MOHAMMAD NAWAZ MOHAMMAD NAWAB CEO Nationality (Including dual nationality, if applicable) INDIA Fujairah Oil Terminal FZC Residential Status (Resident/ Non-resident) RESIDENT 1 Description Sanctions Exposure Questionnaire Sanctioned Country means any country that is the target of country-wide Sanctions Sanction or Sanctions means any economic, trade or financial sanctions laws, regulations, embargoes, or restrictive measures administered, enacted, or enforced by the United States of America, the United Nations, the European Union, the United Kingdom, the United Arab Emirates or the respective governmental institutions and agencies of any of the foregoing, including, without limitation the Office of Foreign Asset Control of the US Department of the Treasury (OFAC), the United States Departments of State and Commerce, and Her Majesty's Treasury. Sanctioned Person means any person listed on the "Specially Designated Nationals and Blocked Persons" list, Sectoral Sanctions Identifications and Foreign Sanctions Evaders lists maintained by OFAC, the Consolidated List of Financial Sanctions Targets (Asset Freeze Targets and the Investments Bank Lists) maintained by Her Majesty's Treasury, or any similar lists maintained by, or public announcement of Sanctions designation made by, any of the Sanctions Authorities, each as amended, supplemented or substituted from time to time. Does the customer have any direct or indirect dealings/operations/business activity involving: a) A Sanctioned Country? YES ☐ NO ☑ b) A Sanctioned Person? YES ☐ NO ☑ If Yes, please provide a description of dealings/activity, type and origin of goods/services involved, parties involved, name of sanctioned country/territory involved and aggregate % dealings over customer's total sales. 2 Does the customer have any customer or supplier who is: (a) A Sanctioned Person? YES ☐ NO ☑ (b) Located or incorporated in a Sanctioned Country? YES ☐ NO ☑ (c) Having any dealings/operations/business activity involving a Sanctioned Country? YES ☐ NO ☑ (d) Directly indirectly owned or controlled by the government of Sanctioned Country? YES NO If Yes, please provide a description of dealings/activity, type and origin of goods/services involved, parties involved, name of Sanctioned Country involved and aggregate % dealings over customer's total annual sales/purchase. FOT-IMS-CMM-FO-01A Rev: 02 CUSTOMER REGISTRATION FORM 21/12/2022 Page 2 of 4,Description,CUSTOMER,REGISTRATION,FORM,Senior,Management,(,CEO,/,CFO,/,COO,or,Equivalents,),Designation,/,Position,S.,Full,Name,No.,1,MOHAMMAD,NAWAZ,MOHAMMAD,NAWAB,CEO,Nationality,(,Including,dual,nationality,,,if,applicable,),INDIA,Fujairah,Oil,Terminal,FZC,Residential,Status,(,Resident,/,Non,-,resident,),RESIDENT,1,Description,Sanctions,Exposure,Questionnaire,Sanctioned,Country,means,any,country,that,is,the,target,of,country,-,wide,Sanctions,Sanction,or,Sanctions,means,any,economic,,,trade,or,financial,sanctions,laws,,,regulations,,,embargoes,,,or,restrictive,measures,administered,,,enacted,,,or,enforced,by,the,United,States,of,America,,,the,United,Nations,,,the,European,Union,,,the,United,Kingdom,,,the,United,Arab,Emirates,or,the,respective,governmental,institutions,and,agencies,of,any,of,the,foregoing,,,including,,,without,limitation,the,Office,of,Foreign,Asset,Control,of,the,US,Department,of,the,Treasury,(,OFAC,),,,the,United,States,Departments,of,State,and,Commerce,,,and,Her,Majesty's,Treasury,.,Sanctioned,Person,means,any,person,listed,on,the,",Specially,Designated,Nationals,and,Blocked,Persons,",list,,,Sectoral,Sanctions,Identifications,and,Foreign,Sanctions,Evaders,lists,maintained,by,OFAC,,,the,Consolidated,List,of,Financial,Sanctions,Targets,(,Asset,Freeze,Targets,and,the,Investments,Bank,Lists,),maintained,by,Her,Majesty's,Treasury,,,or,any,similar,lists,maintained,by,,,or,public,announcement,of,Sanctions,designation,made,by,,,any,of,the,Sanctions,Authorities,,,each,as,amended,,,supplemented,or,substituted,from,time,to,time,.,Does,the,customer,have,any,direct,or,indirect,dealings,/,operations,/,business,activity,involving,:,a,),A,Sanctioned,Country,?,YES,☐,NO,☑,b,),A,Sanctioned,Person,?,YES,☐,NO,☑,If,Yes,,,please,provide,a,description,of,dealings,/,activity,,,type,and,origin,of,goods,/,services,involved,,,parties,involved,,,name,of,sanctioned,country,/,territory,involved,and,aggregate,%,dealings,over,customer's,total,sales,.,2,Does,the,customer,have,any,customer,or,supplier,who,is,:,(,a,),A,Sanctioned,Person,?,YES,☐,NO,☑,(,b,),Located,or,incorporated,in,a,Sanctioned,Country,?,YES,☐,NO,☑,(,c,),Having,any,dealings,/,operations,/,business,activity,involving,a,Sanctioned,Country,?,YES,☐,NO,☑,(,d,),Directly,indirectly,owned,or,controlled,by,the,government,of,Sanctioned,Country,?,YES,NO,If,Yes,,,please,provide,a,description,of,dealings,/,activity,,,type,and,origin,of,goods,/,services,involved,,,parties,involved,,,name,of,Sanctioned,Country,involved,and,aggregate,%,dealings,over,customer's,total,annual,sales,/,purchase,.,FOT,-,IMS,-,CMM,-,FO,-,01A,Rev,:,02,CUSTOMER,REGISTRATION,FORM,21/12/2022,Page,2,of,4,Description 3 CUSTOMER REGISTRATION FORM Fujairah Oil Terminal FZC Is the customer owned / controlled by a shareholder (individual or entity) who is: (a) A Sanctioned Person? YES ☐ NO ☑ (b) Having any direct or indirect dealings / operations / business activity involving a Sanctioned Country or Sanctioned Person? YES ☐ NO ☑ (c) Located or incorporated in a Sanctioned Country? YES ☐ NO ☑ (d) Resident of a Sanctioned Country? YES ☐ NO ☑ If Yes, please provide a description of dealings/activity, type and origin of goods/services involved, parties involved, aggregate % dealings over shareholder's total annual sales, aggregate % ownership of subject shareholder in our customer and name of Sanctioned Country involved. 4 Does the customer: Description (a) Own any assets in a Sanctioned Country? YES ☐ NO ☑ (b) Has any ownership interest in a Sanctioned Person or an entity located, incorporated in, or operated in a Sanctioned Country? YES ☐ NO ☑ If Yes, please provide value and description of assets, value and ownership % of customer's Interest, % of assets/interest over customer's total assets, % of income over customer's total annual income, name of parties involved and name of Sanctioned Country involved. 5 Does the customer have any connected party (executive management, i.e., CEO, CFO or COO at minimum, board of directors, POA, authorized signatory) who is: (a) A Sanctioned Person? YES ☐ NO ☑ (b) Resident of a Sanctioned Country? YES ☐ NO ☑ If Yes, please provide the name of the party, the role of the customer and the name of Sanctioned Country involved. Description Major Suppliers of the Customer S. Full Name Country of Incorporation / Operation No. 1 ALMIDAR INC UAE FOT-IMS-CMM-FO-01A Rev: 02 CUSTOMER REGISTRATION FORM 21/12/2022 Page 3 of 4,Description,3,CUSTOMER,REGISTRATION,FORM,Fujairah,Oil,Terminal,FZC,Is,the,customer,owned,/,controlled,by,a,shareholder,(,individual,or,entity,),who,is,:,(,a,),A,Sanctioned,Person,?,YES,☐,NO,☑,(,b,),Having,any,direct,or,indirect,dealings,/,operations,/,business,activity,involving,a,Sanctioned,Country,or,Sanctioned,Person,?,YES,☐,NO,☑,(,c,),Located,or,incorporated,in,a,Sanctioned,Country,?,YES,☐,NO,☑,(,d,),Resident,of,a,Sanctioned,Country,?,YES,☐,NO,☑,If,Yes,,,please,provide,a,description,of,dealings,/,activity,,,type,and,origin,of,goods,/,services,involved,,,parties,involved,,,aggregate,%,dealings,over,shareholder's,total,annual,sales,,,aggregate,%,ownership,of,subject,shareholder,in,our,customer,and,name,of,Sanctioned,Country,involved,.,4,Does,the,customer,:,Description,(,a,),Own,any,assets,in,a,Sanctioned,Country,?,YES,☐,NO,☑,(,b,),Has,any,ownership,interest,in,a,Sanctioned,Person,or,an,entity,located,,,incorporated,in,,,or,operated,in,a,Sanctioned,Country,?,YES,☐,NO,☑,If,Yes,,,please,provide,value,and,description,of,assets,,,value,and,ownership,%,of,customer's,Interest,,,%,of,assets,/,interest,over,customer's,total,assets,,,%,of,income,over,customer's,total,annual,income,,,name,of,parties,involved,and,name,of,Sanctioned,Country,involved,.,5,Does,the,customer,have,any,connected,party,(,executive,management,,,i.e.,,,CEO,,,CFO,or,COO,at,minimum,,,board,of,directors,,,POA,,,authorized,signatory,),who,is,:,(,a,),A,Sanctioned,Person,?,YES,☐,NO,☑,(,b,),Resident,of,a,Sanctioned,Country,?,YES,☐,NO,☑,If,Yes,,,please,provide,the,name,of,the,party,,,the,role,of,the,customer,and,the,name,of,Sanctioned,Country,involved,.,Description,Major,Suppliers,of,the,Customer,S.,Full,Name,Country,of,Incorporation,/,Operation,No.,1,ALMIDAR,INC,UAE,FOT,-,IMS,-,CMM,-,FO,-,01A,Rev,:,02,CUSTOMER,REGISTRATION,FORM,21/12/2022,Page,3,of,4,CUSTOMER REGISTRATION FORM Fujairah Oil Terminal FZC S. No. Major Receivers of the Customer Full Name Country of Incorporation / Operation 1 KHORE ALHILAL LIMITED UAE Contact Person Name Telephone Number Bank Name Bank Address ADBC Additional Information (Accounts Department) RIGGAH-DEIRA-UAE Bank Account Name 11197239920001 Bank Account Number Payment Term Email Address Mobile Number SWIFT Code ADCBAEAAXXX Payment Mode Undertaking by Customer a) I/We certify that the above information provided is true and correct. b) I/We undertake to inform in writing to Fujairah Oil Terminal FZC immediately upon any change in the information about our company. Authorized Signatory Name MOHAMMAD NAWAZ MOHAMMAD NAWAB Designation CEO Date Signature 14/04/2025 Trade License VAT Registration Certificate Company Seal الأولية ش.ذ.م.م لتجارة الخيامات والمواد يمان الشمس Naway Documents Required License No: 1364432 Dubai - UAE MAN ALSHAMS RAW MATERIA Passport & Emirates ID of Authorized Signatory Bank Reference Letter Audited Financial Statement Trade License/Registration/Passport of the Shareholders Passport of the Ultimate Beneficial Owner (UBO) Note: Please ensure all the fields are filled, and documents are provided. Thank you for your cooperation. FOT-IMS-CMM-FO-01A Rev: 02 CUSTOMER REGISTRATION FORM 21/12/2022 Page 4 of 4,CUSTOMER,REGISTRATION,FORM,Fujairah,Oil,Terminal,FZC,S.,No.,Major,Receivers,of,the,Customer,Full,Name,Country,of,Incorporation,/,Operation,1,KHORE,ALHILAL,LIMITED,UAE,Contact,Person,Name,Telephone,Number,Bank,Name,Bank,Address,ADBC,Additional,Information,(,Accounts,Department,),RIGGAH,-,DEIRA,-,UAE,Bank,Account,Name,11197239920001,Bank,Account,Number,Payment,Term,Email,Address,Mobile,Number,SWIFT,Code,ADCBAEAAXXX,Payment,Mode,Undertaking,by,Customer,a,),I,/,We,certify,that,the,above,information,provided,is,true,and,correct,.,b,),I,/,We,undertake,to,inform,in,writing,to,Fujairah,Oil,Terminal,FZC,immediately,upon,any,change,in,the,information,about,our,company,.,Authorized,Signatory,Name,MOHAMMAD,NAWAZ,MOHAMMAD,NAWAB,Designation,CEO,Date,Signature,14/04/2025,Trade,License,VAT,Registration,Certificate,Company,Seal,الأولية,ش.ذ.م.م,لتجارة,الخيامات,والمواد,يمان,الشمس,Naway,Documents,Required,License,No,:,1364432,Dubai,-,UAE,MAN,ALSHAMS,RAW,MATERIA,Passport,&,Emirates,ID,of,Authorized,Signatory,Bank,Reference,Letter,Audited,Financial,Statement,Trade,License,/,Registration,/,Passport,of,the,Shareholders,Passport,of,the,Ultimate,Beneficial,Owner,(,UBO,),Note,:,Please,ensure,all,the,fields,are,filled,,,and,documents,are,provided,.,Thank,you,for,your,cooperation,.,FOT,-,IMS,-,CMM,-,FO,-,01A,Rev,:,02,CUSTOMER,REGISTRATION,FORM,21/12/2022,Page,4,of,4

Dear All, please comment. Best Regards, Beitari -------- Weitergeleitete Nachricht -------- Betreff: RE: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] Datum: Fri, 23 Apr 2021 11:59:24 +0000 Von: Matthias Goumas <[email protected]> An: Beitari <[email protected]> Kopie (CC): Rainer Funke <[email protected]> Dear Mr. Beitari, Thank you for your message. We drafted the attached letter to Life-t, outlining the terms for a possible settlement. We suggest to insist, at least as a starting point for the negotiations, on the full payment of the outstanding amount. We can later still amend this position and, /e.g/., grant Life-t a discount and waive the last installments, if this is acceptable for your mother company. We´d be pleased, of course, to discuss any questions which you may have. Kind regards, Matthias ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com *From:* Beitari <[email protected]> *Sent:* Freitag, 23. April 2021 12:18 *To:* Matthias Goumas <[email protected]> *Cc:* Rainer Funke <[email protected]> *Subject:* Re: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] ***EXTERNAL***** ------------------------------------------------------------------------ Dear Mr.Goumas, Sorry for delay. please proceed with your suggestion, i.e. to negotiate a settlement with the debtor. we can talk in this regard more on coming next week. *Best Regards, Khosrow Beitari* *Managing Director* Image removed by sender. Tel.: +49 406 963 822 58 Fax: +49 406 963 822 59 [email protected] <mailto:[email protected]> Image removed by sender. Schottweg 3 *|*22087 Hamburg Commercial Register:Hamburg Register number:HRB 152104 VAT ID No.:DE318888812 Executive Board:Alireza Mohammadbagherian, Khosrow Beitari ------------------------------------------------------------------------ Confidentiality: This e-mail including all attachments contains confidential and/or legally protected information. If you are not the correct addressee or have received this e-mail in error, please inform the sender immediately and delete this e-mail. Unauthorized copying or unauthorized disclosure, including parts of this e-mail, is strictly forbidden. Security: MMPC has taken all reasonable precautions to minimize the risk of spreading virus-infected software or emails. However, due to the nature of the Internet, we cannot exclude the risk of a computer virus infecting this e-mail. We therefore strongly recommend that you carry out your own virus checks. Vertraulichkeit: Diese E-Mail inkl. aller Anlagen enthält vertrauliche und/oder rechtlich geschützte Informationen. Wenn Sie nicht der richtige Adressat sind oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte sofort den Absender und löschen Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe, auch von Teilen dieser E-Mail, sind nicht gestattet. Sicherheit: MMPC hat alle verkehrsüblichen Maßnahmen getroffen, um das Risiko der Verbreitung virenbefallener Software oder E-Mails zu minimieren. Dennoch können wir aufgrund der Natur des Internets das Risiko eines Computervirenbefalls dieser E-Mail nicht ausschließen. Wir empfehlen Ihnen daher dringend, eigene Virenkontrollen durchzuführen. ------------------------------------------------------------------------ Am 22/04/2021 um 09:27 schrieb Matthias Goumas: Dear Mr. Beitari, We just wanted to inquire whether you have decided how to proceed in this matter. Kind regards, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:*Matthias Goumas *Sent:* Dienstag, 13. April 2021 14:25 *To:* Beitari <[email protected]> <mailto:[email protected]> *Cc:* Rainer Funke <[email protected]> <mailto:[email protected]> *Subject:* RE: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] Dear Mr. Beitari, As mentioned in our email to you dated 12 March 2021, we discussed the cheque issue with our Greek colleague. He confirmed that, in principle, this is a cheque valid under Greek law. However, while the bank can still make the payment (unless the debtor has withdrawn the cheque in the meantime), the bank is *not obliged* to do so any longer. Such obligation only exists for a limited time period of 20 days after the issuance date (or even 8 days, if the cheque was utilized in the same country were it had been issued). The situation under German law would be the same. Hence, you could try to utilize the cheque, but there is a high likelihood that the bank may refuse to pay and there is no legal remedy to force the bank to pay. Therefore, our suggestion would be to try and negotiate a settlement with the debtor. A possible result of the negotiations (not our first offer, of course) could for instance contain a certain discount to life-t S.A., provided they pay the principal part of the debt. Alternatively, we can go for arbitration. But this may imply the problems which you mentioned in our recent telephone call. To be able to commence state court litigation instead of arbitration, we would to agree with life-t S.A. to waive the arbitration clause, and we assume that they may be reluctant to agree. We would happy to also discuss the further approach on the phone if suitable for you. Best regards, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:* Beitari <[email protected] <mailto:[email protected]>> *Sent:* Dienstag, 13. April 2021 14:10 *To:* Matthias Goumas <[email protected] <mailto:[email protected]>> *Cc:* Rainer Funke <[email protected] <mailto:[email protected]>> *Subject:* Re: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] ***EXTERNAL*** ------------------------------------------------------------------------ Dear All. please be advised that we (MMPC and our mother Co) have done the same procedure once before. we can predict the result. they have hired a laywer and what they are sending to you we had already received it before. they are gaing time and wasting our time. what our mother company wants is that wether we can cash the cheque. if there is any possibility in this regard? *Best Regards, Khosrow Beitari* *Managing Director* Image removed by sender. Tel.: +49 406 963 822 58 Fax: +49 406 963 822 59 [email protected] <mailto:[email protected]> Image removed by sender. Schottweg 3 *|* 22087 Hamburg Commercial Register: Hamburg Register number: HRB 152104 VAT ID No.: DE318888812 Executive Board: Alireza Mohammadbagherian, Khosrow Beitari ------------------------------------------------------------------------ Confidentiality: This e-mail including all attachments contains confidential and/or legally protected information. If you are not the correct addressee or have received this e-mail in error, please inform the sender immediately and delete this e-mail. Unauthorized copying or unauthorized disclosure, including parts of this e-mail, is strictly forbidden. Security: MMPC has taken all reasonable precautions to minimize the risk of spreading virus-infected software or emails. However, due to the nature of the Internet, we cannot exclude the risk of a computer virus infecting this e-mail. We therefore strongly recommend that you carry out your own virus checks. Vertraulichkeit: Diese E-Mail inkl. aller Anlagen enthält vertrauliche und/oder rechtlich geschützte Informationen. Wenn Sie nicht der richtige Adressat sind oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte sofort den Absender und löschen Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe, auch von Teilen dieser E-Mail, sind nicht gestattet. Sicherheit: MMPC hat alle verkehrsüblichen Maßnahmen getroffen, um das Risiko der Verbreitung virenbefallener Software oder E-Mails zu minimieren. Dennoch können wir aufgrund der Natur des Internets das Risiko eines Computervirenbefalls dieser E-Mail nicht ausschließen. Wir empfehlen Ihnen daher dringend, eigene Virenkontrollen durchzuführen. ------------------------------------------------------------------------ Am 12/04/2021 um 11:49 schrieb Matthias Goumas: Dear Mr. Beitari, Thank you for your email: We suggest to answer to life-t S.A. as follows: *** Dear Ms. Nikolaidou, Reference is made to your email dated 31 March 2021. Our client does not agree with your contentions regarding the alleged delays and issues with the Greek customs, for which our client cannot be held responsible under the contract an applicable law. Our client, therefore, needs to insist on the full payment as contractually agreed. Nevertheless, our client is prepared to agree on payment terms with you which grant you more time and allow you to settle the debt by means of installments. For this purpose, a settlement agreement should be signed, based on the following terms: * Life-t S.A. acknowledges to owe the outstanding amount. * MMPC GmbH agrees that the outstanding amount may be paid in 12 equal installments, with one installment payable per month, commencing in June 2021. No interest accrue. In case of a failure to pay timely, the remaining outstanding amount becomes due and payable. * Life-t S.A. submits to immediate enforcement in a notarial deed to be signed before a German notary public, which establishes an enforceable title. This would be condition precedent for the settlement agreement. To void further legal steps, please let us know until *19 April 2021* whether you agree to a settlement on the above terms. If so, we will provide you with a draft wording for the settlement agreement. Yours sincerely, Matthias Goumas *** The third bullet point is meant to ensure that, in case the debtor fails to make the agreed payment, we can commence enforcement directly without need to start an arbitration. From the debtor´s perspective, this could be a critical point of course. But we would recommend to at least try to make life-t S.A. agree to this suggestion. Otherwise, the case could finally still end up in arbitration. Please kindly let us know whether we can proceed and send the email to the debtor. Best regards, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:*Beitari <[email protected]> <mailto:[email protected]> *Sent:* Montag, 12. April 2021 11:04 *To:* Matthias Goumas <[email protected]> <mailto:[email protected]> *Cc:* Rainer Funke <[email protected]> <mailto:[email protected]> *Subject:* Re: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] ***EXTERNAL*** ------------------------------------------------------------------------ Dear Mr.Goumas, ref to our tel- conversation last week, please be advised that we prefer to proceed as per below Scenario: ''the debtor via a settlement which would provide for full payment, but allow him to pay in installments'' Please kindly do neccessary action in this regard. *Best Regards, Khosrow Beitari* *Managing Director* Image removed by sender. Tel.: +49 406 963 822 58 Fax: +49 406 963 822 59 [email protected] <mailto:[email protected]> Image removed by sender. Schottweg 3 *|* 22087 Hamburg Commercial Register: Hamburg Register number: HRB 152104 VAT ID No.: DE318888812 Executive Board: Alireza Mohammadbagherian, Khosrow Beitari ------------------------------------------------------------------------ Confidentiality: This e-mail including all attachments contains confidential and/or legally protected information. If you are not the correct addressee or have received this e-mail in error, please inform the sender immediately and delete this e-mail. Unauthorized copying or unauthorized disclosure, including parts of this e-mail, is strictly forbidden. Security: MMPC has taken all reasonable precautions to minimize the risk of spreading virus-infected software or emails. However, due to the nature of the Internet, we cannot exclude the risk of a computer virus infecting this e-mail. We therefore strongly recommend that you carry out your own virus checks. Vertraulichkeit: Diese E-Mail inkl. aller Anlagen enthält vertrauliche und/oder rechtlich geschützte Informationen. Wenn Sie nicht der richtige Adressat sind oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte sofort den Absender und löschen Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe, auch von Teilen dieser E-Mail, sind nicht gestattet. Sicherheit: MMPC hat alle verkehrsüblichen Maßnahmen getroffen, um das Risiko der Verbreitung virenbefallener Software oder E-Mails zu minimieren. Dennoch können wir aufgrund der Natur des Internets das Risiko eines Computervirenbefalls dieser E-Mail nicht ausschließen. Wir empfehlen Ihnen daher dringend, eigene Virenkontrollen durchzuführen. ------------------------------------------------------------------------ Am 08/04/2021 um 12:12 schrieb Matthias Goumas: Dear Mr. Beitari, We just wanted to inquire whether you have already decided how we shall proceed. We are happy, of course, to discuss in a call, if you would like to. Kind regards, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:* Matthias Goumas *Sent:* Mittwoch, 31. März 2021 16:10 *To:* Beitari <[email protected]> <mailto:[email protected]> *Cc:* Rainer Funke <[email protected]> <mailto:[email protected]> *Subject:* RE: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] Dear Mr. Beitari, Thank you for your email. Please let us know how you would like to proceed: Shall we start and try to collect information on the liquidity of life-t S.A.? Or would you like to commence an arbitration directly (with the cost implications which we had mentioned earlier)? With respect to the alleged issues in Greece, we believe that the INCOTERMS would not exclude the risks for MMPC if the goods were affected by sanctions. We would suggest therefore to clarify the background of the situation in Greece before commencing an arbitration. As an alternative, we could also offer the debtor a settlement which would provide for full payment, but allow him to pay in installments, as mentioned. If the debtor agrees to such a solution and undertakes to sign a notarial deed, this could be a solution which would avoid an arbitration proceeding with its cost implications. Kind regards, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:* Beitari <[email protected] <mailto:[email protected]>> *Sent:* Mittwoch, 31. März 2021 15:17 *To:* Matthias Goumas <[email protected] <mailto:[email protected]>> *Cc:* Rainer Funke <[email protected] <mailto:[email protected]>> *Subject:* Re: FW: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] ***EXTERNAL*** ------------------------------------------------------------------------ Dear Mr.Goumas, thanks for your e-mail. as you are aware , our contract with Greek Company was based on CFR. Below I  quote the relevant wording from INCOTERMS 2020 : */_Quote_/* /The CFR Incoterm or “Cost and Freight” is an //Incoterm/ <https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.icontainers.com%2Fus%2F2013%2F07%2F18%2Fincoterms%2F&data=04%7C01%7Cmatthias.goumas%40dlapiper.com%7C8c8322346e274bf63ceb08d906412234%7Ce855e7acc54640d299f7a100522010f9%7C1%7C0%7C637547699081397593%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=hFSaEEFhBzIQuvsVcuLPRFDnTsCChxENdxeCXtEaY10%3D&reserved=0>/ that is *exclusive to */*/ocean freight/* <https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.icontainers.com%2Focean-freight%2F&data=04%7C01%7Cmatthias.goumas%40dlapiper.com%7C8c8322346e274bf63ceb08d906412234%7Ce855e7acc54640d299f7a100522010f9%7C1%7C0%7C637547699081397593%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=eredL2mqWeCxIqHRVzOiOAJAKyFUW6egdlH%2BL5aKbNM%3D&reserved=0>*/ shipping./* /It states that the seller is not only responsible for delivering the goods to the port specified by the buyer, but also bears the transportation costs of the goods to the destination port./ /CFR is nearly identical to //CIF/ <https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.icontainers.com%2Fhelp%2Fincoterms%2Fcif%2F&data=04%7C01%7Cmatthias.goumas%40dlapiper.com%7C8c8322346e274bf63ceb08d906412234%7Ce855e7acc54640d299f7a100522010f9%7C1%7C0%7C637547699081407550%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=oeVNltXphameC1VhXYq6s7BHn5inMTLAEGY2sSF%2B4Ks%3D&reserved=0>/, the only difference is that insurance is mandatory under CIF and must be provided by the seller. With CFR, however, insurance is optional./ /Common practice dictates that CFR should be chosen over CIF if the buyer is able to acquire better or more affordable insurance and vice versa./ /Seller’s obligations under the CFR Incoterm/ * /Delivery of goods and documents required/ * /Packaging and wrapping/ * /Inland transport in the country of origin/ * /Customs/ <https://eur05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.icontainers.com%2Fhelp%2Fcustoms-clearance%2F&data=04%7C01%7Cmatthias.goumas%40dlapiper.com%7C8c8322346e274bf63ceb08d906412234%7Ce855e7acc54640d299f7a100522010f9%7C1%7C0%7C637547699081407550%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=GC69vsj%2Bk75a%2B%2F2jTtHUsy7M4S%2FS8jxKQ6ouQsOuLb0%3D&reserved=0>/ handling fees at origin/ * /Origin charges/ * /International freight/ /Buyer’s obligations under the CFR Incoterm/ * /Payment of goods/ * /Destination charges/ * /Customs handling fees at destination/ * /Inland transport at the destination country/ * /Payment of duties and taxes/ */_Unquote _/*that means the cost of demurrage is not Seller's responsibility*/_ _/*also the quality problem in discharge port( if any )is not our responsibility as well, for your info, the quality of the cargo in load port was as per standard but it seems that due to waiting of the Vessel for 3 weeks in Thessaloniki Port which had high humidity , might had caused little humidity but never can effect the specification and quality at all. therefore we insist on a full payment. please proceed the matter *Best Regards, Khosrow Beitari* *Managing Director* Image removed by sender. Tel.: +49 406 963 822 58 Fax: +49 406 963 822 59 [email protected] <mailto:[email protected]> Image removed by sender. Schottweg 3 *|* 22087 Hamburg Commercial Register: Hamburg Register number: HRB 152104 VAT ID No.: DE318888812 Executive Board: Alireza Mohammadbagherian, Khosrow Beitari ------------------------------------------------------------------------ Confidentiality: This e-mail including all attachments contains confidential and/or legally protected information. If you are not the correct addressee or have received this e-mail in error, please inform the sender immediately and delete this e-mail. Unauthorized copying or unauthorized disclosure, including parts of this e-mail, is strictly forbidden. Security: MMPC has taken all reasonable precautions to minimize the risk of spreading virus-infected software or emails. However, due to the nature of the Internet, we cannot exclude the risk of a computer virus infecting this e-mail. We therefore strongly recommend that you carry out your own virus checks. Vertraulichkeit: Diese E-Mail inkl. aller Anlagen enthält vertrauliche und/oder rechtlich geschützte Informationen. Wenn Sie nicht der richtige Adressat sind oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte sofort den Absender und löschen Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe, auch von Teilen dieser E-Mail, sind nicht gestattet. Sicherheit: MMPC hat alle verkehrsüblichen Maßnahmen getroffen, um das Risiko der Verbreitung virenbefallener Software oder E-Mails zu minimieren. Dennoch können wir aufgrund der Natur des Internets das Risiko eines Computervirenbefalls dieser E-Mail nicht ausschließen. Wir empfehlen Ihnen daher dringend, eigene Virenkontrollen durchzuführen. ------------------------------------------------------------------------ Am 31/03/2021 um 11:44 schrieb Matthias Goumas: Dear Mr. Beitari, We are forwarding to you an email from life-t S.A. below and the attached pdf documents. As you will see from the email, life-t S.A. is complaining about alleged issues with the Greek customs and purported quality deficiencies (which it, notably, does not specify). Finally, life-t S.A. is suggesting a settlement on the basis of a 50% payment which it would like to make in installments. We assume that life-t S.A. is simply looking for a strategy how to reduce its payment obligations and agree favorable payment terms for the remaining sum. Nevertheless, to complete the assessment before legal actions may become necessary, do you have any information on the alleged issues in the Greek port and their root cause? With respect to a possible settlement, as long as we do not have any indications that MMPC would be responsible for the alleged issues in Greece, we do not see any legal reason to reduce the claim. Hence, it is rather a commercial question whether a settlement makes sense for MMPC. This question is certainly connected to the financial status of life-t S.A. and its ability to make the required payment. If you consider to conclude a settlement, we would strongly advise to insist on a notarial deed which life-t S.A. would sign before a German notary public to ensure we have an enforceable title and can directly start enforcement without need for prior arbitration in case life-t S.A. does not comply with the payment terms. For the time being, we would therefore suggest that 1. if possible, you collect information on the purported issues in the Greek port; 2. we try to collect information on the debtor´s financial situation; and 3. unless you come to the conclusion that a reduction of the claim is acceptable, that we reply to life-t S.A. and insist on a full payment. This could be combined of course with an offer for a settlement agreement which provides for a payment schedule with installments and notarization. Please let us know whether you agree. Kind regards, Matthias ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> *From:* LI.FE-T S.A. Komotini <[email protected]> <mailto:[email protected]> *Sent:* Mittwoch, 31. März 2021 11:04 *To:* Matthias Goumas <[email protected]> <mailto:[email protected]>; Rainer Funke <[email protected]> <mailto:[email protected]> *Cc:* Olga Nikolaidou <[email protected]> <mailto:[email protected]> *Subject:* Re: MMPC GmbH and Life-t [DLAP-DEMATTERS.FID1061432] ***EXTERNAL*** ------------------------------------------------------------------------ Dear Sirs, According to the UREA SALES CONTRACT dated 28.02.2020, Life – T purchased an agreed quantity of 27.300 MT of granular urea in bulk +/- 10% at seller’s option. SOHAR OMANwas determined as the charging port at the agreed price CIF Thessaloniki USD 255 or EUR 232,50 / MT. The product arrived CIF atThessaloniki on 06/04/2020 and was immediately arrested by the Greek authorities according to provisions of the Greek Criminal Law (L. 4557/2018) with the alleged charge / accusation of misinformation about the place of the cargo origin and the charging port of the vessel, and further for a transaction potentially financing terrorist activities and money laundering. The problem began because vessel stopped in Sohar for 1 hr and changed of B/L for commercial purposes only and that was known and agreed from owners and same was inserted in the c/p. Owners agreed with chrts terms and chrts agreed with owners rate on freight. Cargo documentation with customs etc is arranged and paid by receivers not by owners. As a result of this, upon vessel's arrival in the port of Thessaloniki, Interpol informed authorities that this vessel was not loaded in Sohar as declared and that was loaded with illegal cargo origin not of Oman. On the same time D.I.A. (Defense Intelligence Agency) informed customs and local police that cargo must be arrested as it is suspected that value of this cargo addressed to financing terrorism worldwide. Also, they asked vessel to be arrested and master to go to jail because they helped possible illegal actions and they declared false documents to authorities. As soon as our company was informed of the above negative development, we engaged the well reputed local Law Firm "N. PANOU - A. TSIALIKIS and ASSOCIATES LAWFIRM", in order to secure full legal assistance on the matter. Through our combined efforts: i.  We organized a meeting with the Customs Administration (see the attached letter for the release of the products). ii. We managed to contact the Greek Deputy Minister of Finance and the Principal of the Greek Public Revenue Authority (AADE), who ordered according to their influence all involved authorities to solve the matter as soon as possible. iii. We contacted the Ministry of Agriculture-Rural Development and received an import permit from Iran. iv. We were in constant interaction and cooperation with the competent Public Prosecutor. Please have in mind that according to the Greek Legislation and bureaucratic procedures the accused charges would approximately result in a five years’ retention and arrest of both product and vessel, a fact that we managed to successfully overcome with our combined efforts in just a few days. During the above period, many orders were canceled just because of the origin of the product while the corresponding cheques were canceled and returned back. The orders that should be unloaded at Volos harbor were also cancelled. Such cancellations resulted to a serious damage in the credibility of our company, since the incident became public through the special international economic press (see page 4 of the attached exhibit :/"*Greece*: The Maria GS with27,000tof granularurea iscurrently inThessaloniki. It is reported that discharging has been delayed by Greek customs due to concerns over the precise origin of the cargo. The vessel’s load port is put as Shuaiba Kuwait but, as no urea has been produced in Kuwait since 2018, it is suspected the cargo is from Iran, possibly the KPIC complex. Meanwhile Greek buyers have secured small volumes of Egyptian product in recent days at levels reflecting the low to mid-$240s pt fob Egypt.")/. In addition, during the unloading process, the product was inspected and found defective, resulting in more order cancellations and an increase in the unloading time and cost. The delay in the unloading procedure without our liability, because of the arrest of the ship, the modification of the origin country and the defective product specifications drove many customers to alternatively seek and purchase similar products from the Egyptian market. This negative development combined with the sudden global collapse in oil prices, significantly reduced the anticipated sales price for our company, which was now trying to maintain its clientele even with profit loss. Our company has also ordered the attached report from an independent surveyor. We have done payments of 922.000 euros for the last 7.000tns, whose initial value was 1.627.500 euros. Please bear in mind as stated several times and recently during our meeting with Mr. Beitari that we had to pay these expenses in total Discharging: 7.000 tns Χ6eur/tn = 42.000,00euro Transportation to warehouse:   7.000 tns Χ4eur/tn = 28.000,00euro Machinery rent for breaking large cakes for discharging: 1.000euro/day Χ10days = 10.000,00euro Discharging in the warehouse: 1,5euro/tn Χ7.000tns = 10.500,00euro warehouse rental: 21.000tns Χ 5euro/tn = 105.000,00euro Nationalising the product (duties and taxes for 27.000tns instead of 20.000tns delivered: 163.000,00euro 5% loss based on surveyor report due to price discount to our customers because of quality deficiency (see attachment): 5% X 232,50eur/mt X 20.300mt = 235.987,50 euros Lawyers expenses in order to release the vessel and the product: 30.000,00euro total: 624.487,50 euros Therefore, expenses for the last parcel were approximately 625.000€ plus 100.000€ unofficial expenses for releasing vessel and cargo (which amount not calculated in the preceding list) We faced big loss on this last deal like you also did but sorry to say, we are not responsible that vessel was arrested, we are not responsible that vessel could not call Volos , we are not responsible for cargo quality, we are not responsible for everything that happened to this deal and all such expenses had to be paid in order for the clients to receive their urea otherwise cargo would be detained. Taking into account all the above-mentioned negative facts, as well as that we were the main reason that both cargo and vessel were not detained by authorities saving approximately 6.300.000 euros plus 5 years demurrage to PCC and in order to continue our cooperation without interruption, we propose to split the expenses on a 50-50 basis and to make a legal agreement with you in order to settle the remaining balance in monthly installments, so as to show to you that we are not unconscious to your problems and that we estimate and respect your support and our collaboration. Yours sincerely Olga Nikolaidou CEO Life-T SA Στις Παρ, 12 Μαρ2021 στις11:03 π.μ., ο/ηGoumas, Matthias <[email protected] <mailto:[email protected]>> έγραψε: Dear Sirs, Please take note of our attached letter of today´s date. Yours sincerely, Matthias Goumas ** Matthias Goumas Senior Associate | Rechtsanwalt T: +49 40 1 88 88 161 F: +49 40 1 88 88 111 M: +49 172 54 72 031 [email protected] <mailto:[email protected]> *DLA Piper UK LLP* Alter Wall 4 20457 Hamburg www.dlapiper.com <http://www.dlapiper.com> Click here to visit our Coronavirus Resource Center. <https://www.dlapiper.com/services/coronavirus-covid-19/> This email is from DLA Piper UK LLP. The contents of this email and any attachments are confidential to the intended recipient. They may not be disclosed to or used by or copied in any way by anyone other than the intended recipient. If this email is received in error, please contact DLA Piper UK LLP on +44 (0) 8700 111111 quoting the name of the sender and the email address to which it has been sent and then delete it. 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Please note that neither DLA Piper UK LLP nor the sender accepts any responsibility for viruses and it is your responsibility to scan or otherwise check this email and any attachments. DLA Piper UK LLP is a limited liability partnership registered in England and Wales (registered number OC307847) which provides services from offices in England, Belgium, Germany and the People's Republic of China. A list of members is open for inspection at its registered office and principal place of business 160 Aldersgate Street London EC1A 4HT. Partner denotes member of a limited liability partnership. DLA Piper UK LLP is authorised and regulated by the Solicitors Regulation Authority and is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities. Our German branches are registered as follows: Hamburg at the Hamburg Local Court (PR 1274), Cologne at the Essen Local Court (PR 4447), Frankfurt at the Frankfurt a.M. Local Court (PR 2663), Munich at the Munich Local Court (PR 1949). For further information, please refer to www.dlapiper.com <http://www.dlapiper.com> Click here to visit our Coronavirus Resource Center. <https://www.dlapiper.com/services/coronavirus-covid-19/> This email is from DLA Piper UK LLP. The contents of this email and any attachments are confidential to the intended recipient. They may not be disclosed to or used by or copied in any way by anyone other than the intended recipient. If this email is received in error, please contact DLA Piper UK LLP on +44 (0) 8700 111111 quoting the name of the sender and the email address to which it has been sent and then delete it. Please note that neither DLA Piper UK LLP nor the sender accepts any responsibility for viruses and it is your responsibility to scan or otherwise check this email and any attachments. DLA Piper UK LLP is a limited liability partnership registered in England and Wales (registered number OC307847) which provides services from offices in England, Belgium, Germany and the People's Republic of China. A list of members is open for inspection at its registered office and principal place of business 160 Aldersgate Street London EC1A 4HT. Partner denotes member of a limited liability partnership. DLA Piper UK LLP is authorised and regulated by the Solicitors Regulation Authority and is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities. Our German branches are registered as follows: Hamburg at the Hamburg Local Court (PR 1274), Cologne at the Essen Local Court (PR 4447), Frankfurt at the Frankfurt a.M. Local Court (PR 2663), Munich at the Munich Local Court (PR 1949). For further information, please refer to www.dlapiper.com <http://www.dlapiper.com> Click here to visit our Coronavirus Resource Center. <https://www.dlapiper.com/services/coronavirus-covid-19/> This email is from DLA Piper UK LLP. The contents of this email and any attachments are confidential to the intended recipient. They may not be disclosed to or used by or copied in any way by anyone other than the intended recipient. If this email is received in error, please contact DLA Piper UK LLP on +44 (0) 8700 111111 quoting the name of the sender and the email address to which it has been sent and then delete it. Please note that neither DLA Piper UK LLP nor the sender accepts any responsibility for viruses and it is your responsibility to scan or otherwise check this email and any attachments. DLA Piper UK LLP is a limited liability partnership registered in England and Wales (registered number OC307847) which provides services from offices in England, Belgium, Germany and the People's Republic of China. A list of members is open for inspection at its registered office and principal place of business 160 Aldersgate Street London EC1A 4HT. Partner denotes member of a limited liability partnership. DLA Piper UK LLP is authorised and regulated by the Solicitors Regulation Authority and is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities. Our German branches are registered as follows: Hamburg at the Hamburg Local Court (PR 1274), Cologne at the Essen Local Court (PR 4447), Frankfurt at the Frankfurt a.M. Local Court (PR 2663), Munich at the Munich Local Court (PR 1949). 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DLA Piper UK LLP is a limited liability partnership registered in England and Wales (registered number OC307847) which provides services from offices in England, Belgium, Germany and the People's Republic of China. A list of members is open for inspection at its registered office and principal place of business 160 Aldersgate Street London EC1A 4HT. Partner denotes member of a limited liability partnership. DLA Piper UK LLP is authorised and regulated by the Solicitors Regulation Authority and is part of DLA Piper, a global law firm, operating through various separate and distinct legal entities. Our German branches are registered as follows: Hamburg at the Hamburg Local Court (PR 1274), Cologne at the Essen Local Court (PR 4447), Frankfurt at the Frankfurt a.M. Local Court (PR 2663), Munich at the Munich Local Court (PR 1949). For further information, please refer to www.dlapiper.com

Hi there, I have attached completed up-to-date insurances for all current trading companies, please check that all the information is correct. I need this by the end of the week to ensure facilities are renewed. Kind Regards Richard McConkey Re-Banking Coordinator Corporate & Business Acquisition Danske Bank 1st Floor Donegall Square West Belfast BT1 6JS _______________ Danske Bank is a trading name of Northern Bank Limited. Registered in Northern Ireland Number R568. Registered Office Donegall Square West, Belfast, BT1 6JS. VAT Number GB853759092. _______________ Phone +44 (0) 28 9004 5000. Calls may be recorded. Call charges may vary, please contact your phone company for details. Lines are open between 8am and 8pm Monday to Friday and between 9am and 4.30pm on Saturdays and Sundays, except on bank holidays or other holidays in Northern Ireland when the bank is not open for business. Contact us by e-Mail: [email protected] or visit your nearest Danske Bank Branch, find your nearest branch on our website: www.danskebank.co.uk. _______________ Northern Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Northern Bank Limited is entered in the Register maintained by the Financial Conduct Authority, Financial Services Register registration number 122261. Northern Bank Limited adheres to the Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk. Northern Bank Limited is a member of the Danske Bank Group. _______________ The views and opinions expressed in this email may not reflect the views and opinions of any member of the Danske Bank Group. The information contained in this message is confidential and may also be privileged. It is intended only for the addressee named above. The unauthorised use, disclosure, copying or alteration of this message is strictly prohibited. If you are not the addressee (or responsible for delivery of the message to the addressee), please notify the originator immediately by return message and destroy the original message. This message and any attachments have been scanned for viruses prior to leaving our network. However, we do not guarantee the security of this message and will not be responsible for any damages arising as a result of any virus being passed on or arising from any alteration of this message by a third party. We may monitor emails sent to and from our network.

[email protected],[email protected],Request for Quotation – Oil Products and Oil Tanker Chartering,Dear Sir/Ma I hope this message finds you well. We are in the process of sourcing both oil products and oil tankers for our upcoming operations. Kindly find attached a detailed list of the oil products, including their specifications and quantities. We would appreciate receiving a quotation for the same, including the following information: * Unit prices * Minimum order quantities * Delivery times * Shipping costs * Payment terms In addition, we are also looking to charter oil tankers for transportation. Kindly include the following details in your quotation for the tankers: * Vessel specifications (capacity, age, etc.) * Charter rates (daily/weekly) * Availability * Delivery and redelivery locations * Any applicable fees (fuel, operational costs, etc.) We look forward to your prompt response and appreciate your assistance in fulfilling our requirements.     DAVOOD  RAZMJOOEI Planning & Project Control expert Kian Petrochemical Co.        09370824065      [email protected]    www.kianpc.com [http://www.kianpc.com/]     Phase 2, Petrochemical Special Zone , Assalouyeh , Iran

"logistics78ken" <[email protected]>,"info" <[email protected]>,***SPAM*** RE: air shipping ,sea shipping from China to your country, Dear info I am ken from China ,l can provide shipping services from China to worldwide. We are provide air shipping ,sea shipping ,railway shipping , courier shipping and door to door shipping services from China to your country . Why choose and working with us ? 01 10 years focused on air exportHave over 10 years 02 The most professional customer service team 03 100% safe, zero risk 04 Cooperation with over 49 Airlines 05 Overseas (IATA) clearance are strong 06 One-step service Air shipment and sea shipment Standard Operation Procedure 01 .Quotation According to the our customer by consulting export goods information such as the weight, volume, destination, and the guest service requirements, provide the best freight quotation. 02 .Entrust us to order ; I need your or your supplier give me booking details when we fixed rates, then l can got this details and go to booked for you. 03 .Booking Space,After the rapid acceptance of entrust, according to the situation, the time of delivery, the client request, the first time from the airline booking air space, determine the air export flight information, and timely feedback the customers. 04. Make sure Air way bill (Check the information of the bill of lading 05.Delivery goods to the airport or sea port warehouse.According to the SO to transport address, number information such as the goods will be sent to designated warehouse, or arranged by entrusted , We door-to-door delivery transport; The warehouse will be confirmed according to the packages、 weight and volume final chargeable weight, air export bill of lading issued 06. Customs declaration 07. Payment ; 08 .Tracking we can provide AWB and BL for you and tracking it. When you have shipment from China, contact me Mobile (WhatsApp/Wechat):  0086 15801639260

RO faucets,water purificaiton parts Dear Sirs: We glad to get your information on internet that you are in the market for RO system. We would like to take this opportunity to introduce our company and products, with the hope that we may work together in future . This is Lynn from Ningbo Zhongxiang Mechanical and Electrical Co.,Ltd which is specializing in RO faucets,diverter valve, water valve,and RO fittings for many years. we'd like to introduce these items for you.If you want to see more items, pls visit our website. Should any of these items be of interest to you, please let us know. We will be happy to give you a quotation upon receipt of your detailed requirements. We look forward to hearing from you soon. Best Regards, Lynn

Dear Sir/Madam, We are in position to supply 20,000- 30,000 LMT Caustic Soda during February 2023 produced by Arvand PC as per below terms and conditions: Product: Liquid Caustic Soda Quantity: 20,000-30,000 LMT (10,000-15,000 DMT) Caustic Soda +-10% (seller’s option) Quality: As per seller’s spec attached herewith Packing: In Bulk Shipment: Feb 2023 Terms of Delivery: FOB BIK Destination: Open destination, to be declared in buyer’s proposal. Terms of Payment: TT 100% cash in advance (20% on PI validity and 80% before Loading) Price: Fixed (As per seller’s better netback) Currency of Payment: AED or EURO Exchange rate: USD/AED: 3.6725; EUR/USD: As per ECB rate for PI date (In case the quotation is not available, one working day after BL date will be considered) * All other as per our GTC attached herewith Important Note: Vessel should be available once buyer proposes the bid with mentioning the laycan. Not lifting the cargo in mentioned laycan of buyer, might lead to buyer black listing in PGPICC. Pls let us have your proposals till 31 January , 10:00 a.m. 2023. Final negotiation Results is subject to our trade committee’s approval. Your proposal should be valid till 2nd February 2023. Best Reagrds, ******************************************************************************* DISCLAIMER: THIS EMAIL MESSAGE AND ANY ATTACHMENTS CONTAIN CONFIDENTIAL INFORMATION AND ARE INTENDED FOR THE RECIPIENT(S) SPECIFIED IN THE MESSAGE ONLY. IF YOU ARE NOT THE NAMED RECIPIENT OF THIS MESSAGE OR IF THIS MESSAGE HAS BEEN ADDRESSED TO YOU IN ERROR, YOU SHOULD NOT USE, DISSEMINATE, COPY, OR STORE THIS MESSAGE OR ITS ATTACHMENTS. PLEASE IMMEDIATELY ALERT THE SENDER BY REPLY EMAIL AND DELETE THIS MESSAGE AND ANY ATTACHMENTS FROM YOUR SYSTEM. ALL BANKING DETAILS STIPULATED INSIDE THE BODY OF THE EMAIL OR ANY ATTACHMENTS MUST BE RE-CONFIRMED BY PHONE.

"谢正温" <[email protected]>,"info" <[email protected]>,Drilling Project For woth seen Energy,Dear Sir, Thank you for your time to discuss the&nbsp; potential&nbsp; cooperation opportunity between us. In terms of future drilling project, we are very open to cooperate with Worth Seen&nbsp; Energy&nbsp; Ltd.&nbsp; We have three existed&nbsp; 2000 hp rigs&nbsp; in China already.&nbsp; Once&nbsp; both of us finished the busyness process, we will deliver the rigs to worksite within 60 days. In terms of drilling rigs quotation price. The initial dairy rate is 27000$ around per day, the final quotation price need your company provide the specific requirements ,local&nbsp; drilling reservoir condition and&nbsp; local drilling support&nbsp; condition. Once&nbsp; we got all these specific condition, we will fix final quotation price for your company. In terms&nbsp; of rigs mobilization cost. We need you provide destination port in Iran , our teams will calculate the rigs logistics&nbsp; cost for you. Regards. ZHENGWEN XIE 谢正温 General Manager /&nbsp;HOGC&nbsp; HOGC&nbsp; 华兴世纪油气集团有限公司&nbsp;&nbsp;www.huaxingshiji.com Office:+86 28 89115252&nbsp; | Cell:+86 15811281512&nbsp; | &nbsp;Email:[email protected] Unit 308, Building A, No. 337, Ningbo Road East, Tianfu New Area&nbsp;District, Chengdu, Sichuan Province, P.R. China 中国（四川)自由贸易试验区成都市天府新区正兴街道宁波路东段377号1栋3层8号

Dear Sir/Madam, We are in position to supply 5000-10,000 Dry MT Caustic Soda during April 2023 produced by Arvand PC as per below terms and conditions: Product: Liquid Caustic Soda Quantity: 5-10 KT Dry Caustic Soda +-10% (seller’s option) Quality: As per seller’s spec attached herewith Packing: In Bulk Shipment: April 2023 Important Note: Vessel should be available once buyer proposes the bid with mentioning the laycan. Not lifting the cargo in mentioned laycan of buyer, might lead to buyer black listing in PGPICC. Terms of Delivery: FOB BIK Destination: Open destination, to be declared in buyer’s proposal. Terms of Payment: TT 100% cash in advance (20% on PI validity and 80% before Loading) Price: Fixed (As per seller’s better netback) Currency of Payment: AED or EURO Exchange rate: USD/AED: 3.6725; EUR/USD: As per ECB rate for PI date (In case the quotation is not available, one working day after PI date will be considered) * All other as per our GTC attached herewith Pls let us have your proposals till 10th April, 10:00 a.m. 2023. Final negotiation Results is subject to our trade committee’s approval. Your proposal should be valid till 12th April 2023. BR M.Sh

PGPICC Persian Gulf Petrochemical Industry Commercial Co. GENERAL TERMS AND CONDITIONS (GTC) FOR SALES AND PURCHASE OF PETROLEUM AND PETROCHEMICAL PRODUCTS 15 March 2023 Version 12,PGPICC,Persian,Gulf,Petrochemical,Industry,Commercial,Co.,GENERAL,TERMS,AND,CONDITIONS,(,GTC,),FOR,SALES,AND,PURCHASE,OF,PETROLEUM,AND,PETROCHEMICAL,PRODUCTS,15,March,2023,Version,12,For sales and purchase of petroleum and petrochemical products in addition to the terms and conditions agreed in writing elsewhere between the parties in particular the pro-forma invoice (PI) hereinafter referred to as the "special conditions", which are considered as binding and effective between the parties, the following terms and conditions apply to the parties' relationship unless otherwise agreed between the parties in the special conditions. By signing the special conditions, the parties are considered to have agreed with this GTC which are incorporated by reference in the parties' agreement. The GTC and special conditions, will be collectively referred to as the "contract". 1. Parties Seller is the Persian Gulf petrochemical industry commercial company (PGPICC), or any of its assigned companies. Buyer is the entity named in the PI and/or the CI issued and stamped by PGPICC as per the special conditions. The details of the parties and their respective representatives will be determined in the special conditions. The representative of the buyer is considered to have been rendered full authority to execute the contract on behalf of the buyer. No allegation for limitation of liability of the buyer's representative is valid unless otherwise the seller is informed in writing prior to execution of the contract. 2. Product Product is the goods named in the special conditions. The producer and origin of the product will be determined in the special conditions. In case of the discrepancies between the name of the Products in the Contracts and other documents, the reference of the PI shall prevail. The Buyer is fully aware and knowledgeable of the Iranian origin of the cargo. 3. Quality of product The sole specifications of quality guaranteed by the seller is as expressly provided in the special conditions of the contract. Expect as expressly provided, the seller provides no representations, guarantees or warranties expressed or implied with respect to merchantability, fitness, suitability of the product for any particular purpose or otherwise beyond the scope of the guaranteed specifications contained in the special conditions. 4. Quantity of product The quantity of the product and its tolerance is as specified in the special conditions. 5. Measurement and inspection Measurement and/or inspection means determination of the quantities and qualities of the product and taking analysis of samples for the purpose of determination of compliance of the quality and quantity of the product with those specified in the special conditions. Measurements will be carried out by the seller's appointed inspector as indicted in the pi, whose finding is binding and final on the parties unless for fraud or manifest errors. The buyer may appoint its own inspector(s) at its own costs with no interference in the appointed inspector as per the pi. For FOB/FCA/EXWORK quantity and quality shall be determined on the basis of load port shore tank(s) or load port location figure. For CFR deliveries, quantity and quality shall be determined on the basis of ship figure as per the BL and the loading time. Any introductory samples of the product provided by the seller to the buyer is not an indication for determination of quality nor quantity under the contract. By taking delivery of product the buyer shall be deemed to have accepted the quality and quantity of the cargo and shall waive any claims in this respect. 6. Destinations The destination of the product is as provided in the special conditions. The products shall not be imported directly or indirectly to Israel or any other destination beyond the parties' agreement. The Buyer shall be solely responsible to comply with the regulations of the destination market. 7. Delivery Terms of delivery is agreed on the special conditions based on incoterms 2020. Dates of delivery will be determined in the special conditions. The buyer shall take delivery on the determined dates. In case the buyer fails to take delivery on the specified dates, the seller may refuse delivery at its discretion, including selling,For,sales,and,purchase,of,petroleum,and,petrochemical,products,in,addition,to,the,terms,and,conditions,agreed,in,writing,elsewhere,between,the,parties,in,particular,the,pro,-,forma,invoice,(,PI,),hereinafter,referred,to,as,the,",special,conditions,",,,which,are,considered,as,binding,and,effective,between,the,parties,,,the,following,terms,and,conditions,apply,to,the,parties,',relationship,unless,otherwise,agreed,between,the,parties,in,the,special,conditions,.,By,signing,the,special,conditions,,,the,parties,are,considered,to,have,agreed,with,this,GTC,which,are,incorporated,by,reference,in,the,parties,',agreement,.,The,GTC,and,special,conditions,,,will,be,collectively,referred,to,as,the,",contract,",.,1,.,Parties,Seller,is,the,Persian,Gulf,petrochemical,industry,commercial,company,(,PGPICC,),,,or,any,of,its,assigned,companies,.,Buyer,is,the,entity,named,in,the,PI,and,/,or,the,CI,issued,and,stamped,by,PGPICC,as,per,the,special,conditions,.,The,details,of,the,parties,and,their,respective,representatives,will,be,determined,in,the,special,conditions,.,The,representative,of,the,buyer,is,considered,to,have,been,rendered,full,authority,to,execute,the,contract,on,behalf,of,the,buyer,.,No,allegation,for,limitation,of,liability,of,the,buyer's,representative,is,valid,unless,otherwise,the,seller,is,informed,in,writing,prior,to,execution,of,the,contract,.,2.,Product,Product,is,the,goods,named,in,the,special,conditions,.,The,producer,and,origin,of,the,product,will,be,determined,in,the,special,conditions,.,In,case,of,the,discrepancies,between,the,name,of,the,Products,in,the,Contracts,and,other,documents,,,the,reference,of,the,PI,shall,prevail,.,The,Buyer,is,fully,aware,and,knowledgeable,of,the,Iranian,origin,of,the,cargo,.,3.,Quality,of,product,The,sole,specifications,of,quality,guaranteed,by,the,seller,is,as,expressly,provided,in,the,special,conditions,of,the,contract,.,Expect,as,expressly,provided,,,the,seller,provides,no,representations,,,guarantees,or,warranties,expressed,or,implied,with,respect,to,merchantability,,,fitness,,,suitability,of,the,product,for,any,particular,purpose,or,otherwise,beyond,the,scope,of,the,guaranteed,specifications,contained,in,the,special,conditions,.,4.,Quantity,of,product,The,quantity,of,the,product,and,its,tolerance,is,as,specified,in,the,special,conditions,.,5.,Measurement,and,inspection,Measurement,and,/,or,inspection,means,determination,of,the,quantities,and,qualities,of,the,product,and,taking,analysis,of,samples,for,the,purpose,of,determination,of,compliance,of,the,quality,and,quantity,of,the,product,with,those,specified,in,the,special,conditions,.,Measurements,will,be,carried,out,by,the,seller's,appointed,inspector,as,indicted,in,the,pi,,,whose,finding,is,binding,and,final,on,the,parties,unless,for,fraud,or,manifest,errors,.,The,buyer,may,appoint,its,own,inspector,(,s,),at,its,own,costs,with,no,interference,in,the,appointed,inspector,as,per,the,pi,.,For,FOB,/,FCA,/,EXWORK,quantity,and,quality,shall,be,determined,on,the,basis,of,load,port,shore,tank,(,s,),or,load,port,location,figure,.,For,CFR,deliveries,,,quantity,and,quality,shall,be,determined,on,the,basis,of,ship,figure,as,per,the,BL,and,the,loading,time,.,Any,introductory,samples,of,the,product,provided,by,the,seller,to,the,buyer,is,not,an,indication,for,determination,of,quality,nor,quantity,under,the,contract,.,By,taking,delivery,of,product,the,buyer,shall,be,deemed,to,have,accepted,the,quality,and,quantity,of,the,cargo,and,shall,waive,any,claims,in,this,respect,.,6,.,Destinations,The,destination,of,the,product,is,as,provided,in,the,special,conditions,.,The,products,shall,not,be,imported,directly,or,indirectly,to,Israel,or,any,other,destination,beyond,the,parties,',agreement,.,The,Buyer,shall,be,solely,responsible,to,comply,with,the,regulations,of,the,destination,market,.,7.,Delivery,Terms,of,delivery,is,agreed,on,the,special,conditions,based,on,incoterms,2020,.,Dates,of,delivery,will,be,determined,in,the,special,conditions,.,The,buyer,shall,take,delivery,on,the,determined,dates,.,In,case,the,buyer,fails,to,take,delivery,on,the,specified,dates,,,the,seller,may,refuse,delivery,at,its,discretion,,,including,selling,to third parties, and/or seeks for recovery of its costs and losses due to buyer's failures or delays in taking delivery as per the agreed dates, which is the fixed amount of 1% of the total value of each pi plus its direct reasonable costs and expense. The seller will have no liability to substitute the cargo of the missed delivery dates due to the buyer's fault. Delivery and transfer of title may be deferred by the seller until receipt of full payment of the cargo, unless otherwise agreed. - - 8. Vessel For fob delivery The buyer shall nominate a tight, staunch, strong, in good order and condition, and in every way fit vessel in writing to the seller not later than 10 days before the first day of delivery date for the seller's approval. The nomination shall include a complete and updated q88 or the information that would be required in a completed q88, eta of the vessel, a copy of the charter party agreement, vessel's previous destination and any other information as may be requested by the seller. Notwithstanding the seller's acceptance, buyer shall at all times procure that the vessel shall always comply with the requirements of the international ship and port facility security code and international maritime regulations for safe navigation and the maritime applicable laws and standards. The vessel, when required shall submit any necessary documents for its compliance with international rules and regulations. The vessel shall comply with the load port regulations and obtain the port authorities approval prior to arrival at the loading port, otherwise, seller has the right not to berth such nominated vessel with no liability, despite its prior acceptance. In case the vessel is rejected by the seller, the buyer shall nominate a substitute vessel together with the above-mentioned documents and qualifications, the consequences of such substitution shall be borne by the buyer and it will not alter the agreed laydays unless otherwise agreed specifically in writing. Seller's liability with respect to the vessel, if established on sufficient grounds shall be limited to demurrage payments in accordance with the charter party agreement. The buyer shall notify the seller and the loading terminal of the vessel's eta on the request of the seller, and otherwise in accordance with the standard reporting procedure applicable from time to time at the load port terminal. If the vessel fails to give at least 48 hours prior notice of arrival to the load port, the time allowed to the seller for loading shall be extended maximum 48 hours. Nor shall be tendered before expiry of the laydays, and laytime starts at the load port SHINC as soon as the vessel tenders its NOR. If the vessel arrives out of laycan, laytime will commence from the vessel is all made fast. If the vessel is not ready for loading due to technical or port regulations, NOR shall be retendered and laytime will start from vessel readiness to load. For CFR delivery The seller shall nominate the vessel with a complete and updated q88 for the buyer's acceptance, the buyer within one business day shall accept or reject the vessel on sufficient grounds. The vessel shall at all times comply with the requirements of the international ship and port facility security code and international maritime regulations for safe navigation and the applicable laws. The vessel, when required shall submit any necessary documents for its compliance with international rules and regulations. The discharge port shall be as agreed by the parties. the buyer shall be liable for the deviation costs, in case of changes of discharge ports. Laytime will commence from vessel's NOR till hoses off. If preparation of documents for dispatch takes more than 3 hours from hose off, the excess time is on Buyer's account. Shifting time and technical matters shall be deductible from laytime. As soon as possible after completion of loading, the seller shall notify the buyer of the actual quantity loaded and the latest ETA of the vessel at the discharge port. All Liabilities, Fulfilment of Custom Obligations, Timely Arrangement for Pilotage, Compliance with Local Ports Regulation and Quarantines, Lockdown,,to,third,parties,,,and,/,or,seeks,for,recovery,of,its,costs,and,losses,due,to,buyer's,failures,or,delays,in,taking,delivery,as,per,the,agreed,dates,,,which,is,the,fixed,amount,of,1,%,of,the,total,value,of,each,pi,plus,its,direct,reasonable,costs,and,expense,.,The,seller,will,have,no,liability,to,substitute,the,cargo,of,the,missed,delivery,dates,due,to,the,buyer's,fault,.,Delivery,and,transfer,of,title,may,be,deferred,by,the,seller,until,receipt,of,full,payment,of,the,cargo,,,unless,otherwise,agreed,.,-,-,8,.,Vessel,For,fob,delivery,The,buyer,shall,nominate,a,tight,,,staunch,,,strong,,,in,good,order,and,condition,,,and,in,every,way,fit,vessel,in,writing,to,the,seller,not,later,than,10,days,before,the,first,day,of,delivery,date,for,the,seller's,approval,.,The,nomination,shall,include,a,complete,and,updated,q88,or,the,information,that,would,be,required,in,a,completed,q88,,,eta,of,the,vessel,,,a,copy,of,the,charter,party,agreement,,,vessel's,previous,destination,and,any,other,information,as,may,be,requested,by,the,seller,.,Notwithstanding,the,seller's,acceptance,,,buyer,shall,at,all,times,procure,that,the,vessel,shall,always,comply,with,the,requirements,of,the,international,ship,and,port,facility,security,code,and,international,maritime,regulations,for,safe,navigation,and,the,maritime,applicable,laws,and,standards,.,The,vessel,,,when,required,shall,submit,any,necessary,documents,for,its,compliance,with,international,rules,and,regulations,.,The,vessel,shall,comply,with,the,load,port,regulations,and,obtain,the,port,authorities,approval,prior,to,arrival,at,the,loading,port,,,otherwise,,,seller,has,the,right,not,to,berth,such,nominated,vessel,with,no,liability,,,despite,its,prior,acceptance,.,In,case,the,vessel,is,rejected,by,the,seller,,,the,buyer,shall,nominate,a,substitute,vessel,together,with,the,above,-,mentioned,documents,and,qualifications,,,the,consequences,of,such,substitution,shall,be,borne,by,the,buyer,and,it,will,not,alter,the,agreed,laydays,unless,otherwise,agreed,specifically,in,writing,.,Seller's,liability,with,respect,to,the,vessel,,,if,established,on,sufficient,grounds,shall,be,limited,to,demurrage,payments,in,accordance,with,the,charter,party,agreement,.,The,buyer,shall,notify,the,seller,and,the,loading,terminal,of,the,vessel's,eta,on,the,request,of,the,seller,,,and,otherwise,in,accordance,with,the,standard,reporting,procedure,applicable,from,time,to,time,at,the,load,port,terminal,.,If,the,vessel,fails,to,give,at,least,48,hours,prior,notice,of,arrival,to,the,load,port,,,the,time,allowed,to,the,seller,for,loading,shall,be,extended,maximum,48,hours,.,Nor,shall,be,tendered,before,expiry,of,the,laydays,,,and,laytime,starts,at,the,load,port,SHINC,as,soon,as,the,vessel,tenders,its,NOR,.,If,the,vessel,arrives,out,of,laycan,,,laytime,will,commence,from,the,vessel,is,all,made,fast,.,If,the,vessel,is,not,ready,for,loading,due,to,technical,or,port,regulations,,,NOR,shall,be,retendered,and,laytime,will,start,from,vessel,readiness,to,load,.,For,CFR,delivery,The,seller,shall,nominate,the,vessel,with,a,complete,and,updated,q88,for,the,buyer's,acceptance,,,the,buyer,within,one,business,day,shall,accept,or,reject,the,vessel,on,sufficient,grounds,.,The,vessel,shall,at,all,times,comply,with,the,requirements,of,the,international,ship,and,port,facility,security,code,and,international,maritime,regulations,for,safe,navigation,and,the,applicable,laws,.,The,vessel,,,when,required,shall,submit,any,necessary,documents,for,its,compliance,with,international,rules,and,regulations,.,The,discharge,port,shall,be,as,agreed,by,the,parties,.,the,buyer,shall,be,liable,for,the,deviation,costs,,,in,case,of,changes,of,discharge,ports,.,Laytime,will,commence,from,vessel's,NOR,till,hoses,off,.,If,preparation,of,documents,for,dispatch,takes,more,than,3,hours,from,hose,off,,,the,excess,time,is,on,Buyer's,account,.,Shifting,time,and,technical,matters,shall,be,deductible,from,laytime,.,As,soon,as,possible,after,completion,of,loading,,,the,seller,shall,notify,the,buyer,of,the,actual,quantity,loaded,and,the,latest,ETA,of,the,vessel,at,the,discharge,port,.,All,Liabilities,,,Fulfilment,of,Custom,Obligations,,,Timely,Arrangement,for,Pilotage,,,Compliance,with,Local,Ports,Regulation,and,Quarantines,,,Lockdown,,,Limitations and Instruction for Discharging the Vessel Within the Laytime at The Buyer's Nomination Disport Is on The Buyer. 9. Demurrage Laytime allowance for the Buyer to take delivery of the cargo, is provided in the special conditions. Rate of demurrage will be determined in the special conditions, otherwise it shall be as per the charter party agreement within the market reasonable range. After expiry of lay time, demurrage shall be on buyer, unless the delays were due to seller's fault. Any demurrage claims to the seller must be submitted in writing within 60 days of the date of disconnection of the loading/discharge hoses and must include a statement of claim setting out the demurrage calculation and supporting documents. Demurrage claim must be settled within 15 working days after submission of claim from seller. Demurrage due to bad weather shall be equally divided between the Parties. 10. Price The price and its formula will be in accordance with the special conditions. The final calculation of the price will be as per issuance of the final/commercial invoice.in calculating the final unit price arithmetic rules for rounding to two decimal points shall be applied as follows: A. If the third decimal point is four or any number less than four then such third and/or more decimal shall be ignored, B. If the third decimal point is five or any number higher than five then one digit shall be added to the second decimal point and the rest will be ignored. Unless otherwise agreed, base price shall be determined with reference to the official publications for relevant product, subject to parties' modification. In case the price is determined on weekly basis, in the event of non-publication of price quote for the relevant week, reference shall be made to the immediate publication before the non-published week if the concerned week falls before the date of BL or immediate publication after the non-published week if the concerned week falls after the date of BL, mutatis mutandis. Week means from Monday to Sunday. In case the price is determined on daily basis, in the event of non-publication of the daily price quote, reference shall be made to working days, unless otherwise agreed in the special conditions. Pricing period means a period of time wherein the applicable pricing to the contract is determined. The pricing period consists of a "Base date" or a "Base date and a Start date" followed by certain consecutive days which will be determined and agreed in the Proforma Invoice. The "Base date" and "Start date" will be considered as day zero. NOTE: Deferred Payment Adjustment If total or partial payment of the price is agreed to be on deferred payment basis (payment after cargo delivery to the Buyer), the following adjustment formula will be theoretically applied to the offered price as an indication for the seller to evaluate the offered price. P0= offered unit price P1= Adjusted Price GF Guarantee Factor (based on Table 1) IF= Interest Factor (based on Table 2) DP= Deferred Percentage (percentage of the price payable after cargo delivery) CD= Credit Days (number of days leading to due date) - CD P1 = Po - DP * { (Po * GF) + (P。 * IF * -)} 30 Table 1: Adjusting Factor Based on offered guarantee (GF) Type of Guarantee Cash deposit - Bank Guarantee (In Hard Currency) Letter of Credit (In Hard Currency) Corporate Guarantee (approved by PGPICC' Board of Directors) Official deed of mortgage Guarantee Factor (GF) 0.0% 0.5% - Shares of listed companies Non-official deed of mortgage Insurance of Export Guarantee Fund of Iran Cheque (approved by PGPICC' Trading committee) 1.0% 2.0% - Other Corporate Guarantee (without the approval of the PGPICC Board of Directors) 2.5%,Limitations,and,Instruction,for,Discharging,the,Vessel,Within,the,Laytime,at,The,Buyer's,Nomination,Disport,Is,on,The,Buyer,.,9.,Demurrage,Laytime,allowance,for,the,Buyer,to,take,delivery,of,the,cargo,,,is,provided,in,the,special,conditions,.,Rate,of,demurrage,will,be,determined,in,the,special,conditions,,,otherwise,it,shall,be,as,per,the,charter,party,agreement,within,the,market,reasonable,range,.,After,expiry,of,lay,time,,,demurrage,shall,be,on,buyer,,,unless,the,delays,were,due,to,seller's,fault,.,Any,demurrage,claims,to,the,seller,must,be,submitted,in,writing,within,60,days,of,the,date,of,disconnection,of,the,loading,/,discharge,hoses,and,must,include,a,statement,of,claim,setting,out,the,demurrage,calculation,and,supporting,documents,.,Demurrage,claim,must,be,settled,within,15,working,days,after,submission,of,claim,from,seller,.,Demurrage,due,to,bad,weather,shall,be,equally,divided,between,the,Parties,.,10.,Price,The,price,and,its,formula,will,be,in,accordance,with,the,special,conditions,.,The,final,calculation,of,the,price,will,be,as,per,issuance,of,the,final,/,commercial,invoice.in,calculating,the,final,unit,price,arithmetic,rules,for,rounding,to,two,decimal,points,shall,be,applied,as,follows,:,A.,If,the,third,decimal,point,is,four,or,any,number,less,than,four,then,such,third,and,/,or,more,decimal,shall,be,ignored,,,B.,If,the,third,decimal,point,is,five,or,any,number,higher,than,five,then,one,digit,shall,be,added,to,the,second,decimal,point,and,the,rest,will,be,ignored,.,Unless,otherwise,agreed,,,base,price,shall,be,determined,with,reference,to,the,official,publications,for,relevant,product,,,subject,to,parties,',modification,.,In,case,the,price,is,determined,on,weekly,basis,,,in,the,event,of,non,-,publication,of,price,quote,for,the,relevant,week,,,reference,shall,be,made,to,the,immediate,publication,before,the,non,-,published,week,if,the,concerned,week,falls,before,the,date,of,BL,or,immediate,publication,after,the,non,-,published,week,if,the,concerned,week,falls,after,the,date,of,BL,,,mutatis,mutandis,.,Week,means,from,Monday,to,Sunday,.,In,case,the,price,is,determined,on,daily,basis,,,in,the,event,of,non,-,publication,of,the,daily,price,quote,,,reference,shall,be,made,to,working,days,,,unless,otherwise,agreed,in,the,special,conditions,.,Pricing,period,means,a,period,of,time,wherein,the,applicable,pricing,to,the,contract,is,determined,.,The,pricing,period,consists,of,a,",Base,date,",or,a,",Base,date,and,a,Start,date,",followed,by,certain,consecutive,days,which,will,be,determined,and,agreed,in,the,Proforma,Invoice,.,The,",Base,date,",and,",Start,date,",will,be,considered,as,day,zero,.,NOTE,:,Deferred,Payment,Adjustment,If,total,or,partial,payment,of,the,price,is,agreed,to,be,on,deferred,payment,basis,(,payment,after,cargo,delivery,to,the,Buyer,),,,the,following,adjustment,formula,will,be,theoretically,applied,to,the,offered,price,as,an,indication,for,the,seller,to,evaluate,the,offered,price,.,P0,=,offered,unit,price,P1,=,Adjusted,Price,GF,Guarantee,Factor,(,based,on,Table,1,),IF,=,Interest,Factor,(,based,on,Table,2,),DP,=,Deferred,Percentage,(,percentage,of,the,price,payable,after,cargo,delivery,),CD,=,Credit,Days,(,number,of,days,leading,to,due,date,),-,CD,P1,=,Po,-,DP,*,{,(,Po,*,GF,),+,(,P。,*,IF,*,-,),},30,Table,1,:,Adjusting,Factor,Based,on,offered,guarantee,(,GF,),Type,of,Guarantee,Cash,deposit,-,Bank,Guarantee,(,In,Hard,Currency,),Letter,of,Credit,(,In,Hard,Currency,),Corporate,Guarantee,(,approved,by,PGPICC,',Board,of,Directors,),Official,deed,of,mortgage,Guarantee,Factor,(,GF,),0.0,%,0.5,%,-,Shares,of,listed,companies,Non,-,official,deed,of,mortgage,Insurance,of,Export,Guarantee,Fund,of,Iran,Cheque,(,approved,by,PGPICC,',Trading,committee,),1.0,%,2.0,%,-,Other,Corporate,Guarantee,(,without,the,approval,of,the,PGPICC,Board,of,Directors,),2.5,%,Table 2: Interest Factor based on Credit Days (IF) Payment by Letter of Credit 1% per month Payment by other methods 1.5% per month 11. Exchange rates o for CFR/CIF & DAP sales: 5 days after BL date or other mutually agreed date based on BL date mentioned on the PI. o For FOB sales: BL Date. o For ITT sales: First day of ITT. o Ex work/FCA: First day of loading. o for deferred payment sales: 1 day before the payment due date. o for advance payments: one day before payment within the pi validity. The invoice will be issued in USD. However, the buyer may be requested to pay the amount in other currencies. For euro payment, the exchange rate will be determined by reference to rates as published on the ECB official website as per the following terms, unless otherwise agreed: In case of non-publication of the exchange rates, the immediate next day publication shall be the reference. For AED payment, Exchange Rate will be 3.6725, unless otherwise agreed. For Offshore Chinese Yuan payment, the exchange rate will be determined by reference to Rate as published on the XE website as per the following terms, unless otherwise agreed (only CNY is accepted unless otherwise agreed by the parties). 12. Terms of payments Terms of payment shall be in accordance with the special conditions and the payments shall be made by the buyer in accordance with the agreement terms. Expect as agreed between the parties, payments shall be made on the date to the seller or its nominated bank account without any discount, deductions, offset, withholding or counterclaim on the same day of the payment due date as agreed by the parties. All bank charges outside the seller's nominated bank account incurred in connection with the remittance, including without limitation, confirmation and all related banking fees, commissions, or expenses shall be for buyer's account. The buyer shall not rely on any force majeure situation to refuse payment to the seller. In case any third party is selected by the buyer to make the payments to the seller, the buyer shall inform the seller in advance and shall obtain the prior written approval of seller in this respect. The buyer shall be jointly and severally liable to discharge the payments under the contract. The buyer shall keep the seller harmless and indemnified for any claims, costs, damages, losses, expenses and/or liabilities of whatsoever nature which the seller may suffer or incur arising out of or in connection with this third-party payment. In case the seller nominates a third party to receive the payment on behalf of the seller, it will inform the buyer accordingly. In this case, seller's nominee may issue a proforma invoice for receipt of payment. Parties however, acknowledge that the said documents issued by the seller's nominee shall have no material effect in any way to alter, supersede or invalidate the agreements between the seller and buyer and the documents thereof, and the terms and conditions shall remain as per the contract. In the event that payment falls on a non-business day, then payment by the buyer will be made on the next business day for any delay payments. In case the buyer or its nominee paying party, refuses to make full payment on the actual date of payment, The seller may charge the buyer for late payment damages of 8.5% of the actual outstanding amount per annum to be calculated on daily basis for each day of delay until full payment. The seller may refuse delivery until receipt of payment as per the agreed terms. In this event, the buyer shall be liable for all incurring costs and losses due to such suspension of delivery. If Buyer owes several monetary obligations of whatsoever nature to Seller, Buyer may specify within the day of payment the debt to which it intends the payment to be applied. If Buyer makes no such specification, Seller may, within a reasonable time after payment, declare to the Buyer the PI or contract to which it imputes the payment. In the absence of imputation as mentioned in the above paragraph, payment is imputed to that obligation which satisfies one of the following criteria in the order indicated: (a) an obligation which is due or which is the first to fall due; (b) the obligation for which the Seller has least security; (c) the obligation which is higher in terms of monetary amount; (d) the obligation which has arisen first. If none of the preceding criteria applies, payment is imputed to all the obligations,Table,2,:,Interest,Factor,based,on,Credit,Days,(,IF,),Payment,by,Letter,of,Credit,1,%,per,month,Payment,by,other,methods,1.5,%,per,month,11.,Exchange,rates,o,for,CFR,/,CIF,&,DAP,sales,:,5,days,after,BL,date,or,other,mutually,agreed,date,based,on,BL,date,mentioned,on,the,PI,.,o,For,FOB,sales,:,BL,Date,.,o,For,ITT,sales,:,First,day,of,ITT,.,o,Ex,work,/,FCA,:,First,day,of,loading,.,o,for,deferred,payment,sales,:,1,day,before,the,payment,due,date,.,o,for,advance,payments,:,one,day,before,payment,within,the,pi,validity,.,The,invoice,will,be,issued,in,USD,.,However,,,the,buyer,may,be,requested,to,pay,the,amount,in,other,currencies,.,For,euro,payment,,,the,exchange,rate,will,be,determined,by,reference,to,rates,as,published,on,the,ECB,official,website,as,per,the,following,terms,,,unless,otherwise,agreed,:,In,case,of,non,-,publication,of,the,exchange,rates,,,the,immediate,next,day,publication,shall,be,the,reference,.,For,AED,payment,,,Exchange,Rate,will,be,3.6725,,,unless,otherwise,agreed,.,For,Offshore,Chinese,Yuan,payment,,,the,exchange,rate,will,be,determined,by,reference,to,Rate,as,published,on,the,XE,website,as,per,the,following,terms,,,unless,otherwise,agreed,(,only,CNY,is,accepted,unless,otherwise,agreed,by,the,parties,),.,12.,Terms,of,payments,Terms,of,payment,shall,be,in,accordance,with,the,special,conditions,and,the,payments,shall,be,made,by,the,buyer,in,accordance,with,the,agreement,terms,.,Expect,as,agreed,between,the,parties,,,payments,shall,be,made,on,the,date,to,the,seller,or,its,nominated,bank,account,without,any,discount,,,deductions,,,offset,,,withholding,or,counterclaim,on,the,same,day,of,the,payment,due,date,as,agreed,by,the,parties,.,All,bank,charges,outside,the,seller's,nominated,bank,account,incurred,in,connection,with,the,remittance,,,including,without,limitation,,,confirmation,and,all,related,banking,fees,,,commissions,,,or,expenses,shall,be,for,buyer's,account,.,The,buyer,shall,not,rely,on,any,force,majeure,situation,to,refuse,payment,to,the,seller,.,In,case,any,third,party,is,selected,by,the,buyer,to,make,the,payments,to,the,seller,,,the,buyer,shall,inform,the,seller,in,advance,and,shall,obtain,the,prior,written,approval,of,seller,in,this,respect,.,The,buyer,shall,be,jointly,and,severally,liable,to,discharge,the,payments,under,the,contract,.,The,buyer,shall,keep,the,seller,harmless,and,indemnified,for,any,claims,,,costs,,,damages,,,losses,,,expenses,and,/,or,liabilities,of,whatsoever,nature,which,the,seller,may,suffer,or,incur,arising,out,of,or,in,connection,with,this,third,-,party,payment,.,In,case,the,seller,nominates,a,third,party,to,receive,the,payment,on,behalf,of,the,seller,,,it,will,inform,the,buyer,accordingly,.,In,this,case,,,seller's,nominee,may,issue,a,proforma,invoice,for,receipt,of,payment,.,Parties,however,,,acknowledge,that,the,said,documents,issued,by,the,seller's,nominee,shall,have,no,material,effect,in,any,way,to,alter,,,supersede,or,invalidate,the,agreements,between,the,seller,and,buyer,and,the,documents,thereof,,,and,the,terms,and,conditions,shall,remain,as,per,the,contract,.,In,the,event,that,payment,falls,on,a,non,-,business,day,,,then,payment,by,the,buyer,will,be,made,on,the,next,business,day,for,any,delay,payments,.,In,case,the,buyer,or,its,nominee,paying,party,,,refuses,to,make,full,payment,on,the,actual,date,of,payment,,,The,seller,may,charge,the,buyer,for,late,payment,damages,of,8.5,%,of,the,actual,outstanding,amount,per,annum,to,be,calculated,on,daily,basis,for,each,day,of,delay,until,full,payment,.,The,seller,may,refuse,delivery,until,receipt,of,payment,as,per,the,agreed,terms,.,In,this,event,,,the,buyer,shall,be,liable,for,all,incurring,costs,and,losses,due,to,such,suspension,of,delivery,.,If,Buyer,owes,several,monetary,obligations,of,whatsoever,nature,to,Seller,,,Buyer,may,specify,within,the,day,of,payment,the,debt,to,which,it,intends,the,payment,to,be,applied,.,If,Buyer,makes,no,such,specification,,,Seller,may,,,within,a,reasonable,time,after,payment,,,declare,to,the,Buyer,the,PI,or,contract,to,which,it,imputes,the,payment,.,In,the,absence,of,imputation,as,mentioned,in,the,above,paragraph,,,payment,is,imputed,to,that,obligation,which,satisfies,one,of,the,following,criteria,in,the,order,indicated,:,(,a,),an,obligation,which,is,due,or,which,is,the,first,to,fall,due,;,(,b,),the,obligation,for,which,the,Seller,has,least,security,;,(,c,),the,obligation,which,is,higher,in,terms,of,monetary,amount,;,(,d,),the,obligation,which,has,arisen,first,.,If,none,of,the,preceding,criteria,applies,,,payment,is,imputed,to,all,the,obligations,proportionally. All such payments to Seller shall be net and free of any taxes, levies, charges or fees, with no deduction being allowed from the amounts invoiced by Seller, for any reason whatsoever. In case the payments made by buyer differ from the amount invoiced, the difference shall be promptly paid to Seller, unless otherwise provided in this GTC. 13. Buyer's guarantee The payments under the contract may be requested by the seller to be secured by buyer's in the form of submission of cheque, or any guarantees or payment undertaking to be issued in the format and conditions agreed by the seller in favor of the seller or its nominee at the time of conclusion of the contract and be annexed thereto. In case the buyer nominates a third-party guarantor, it shall be jointly and severally liable for payment undertakings under the contract and shall indemnify the seller of any objections, claims, loss, damaged and costs of the third-party guarantor. In case the buyer fails to perform its obligations under the contract, the seller may recourse to the guarantee with no need to any judicial or formal condition, in order to recover all its loss and damages including its legal costs and late payment damages, and the buyer indemnifies the seller of any objections and claims in respect of execution of the guarantee. The amount of guarantee shall always remain valid and operable during the validity of the contract, otherwise the seller may suspend the contract until the placement of a valid guarantee acceptable to the seller. The seller may appoint a third party to be the beneficiary of the guarantees, in such case, the said third party has the right to execute the guarantee and take any measures necessary, including legal actions, for recovering the amount of the guarantee as per the seller's instruction. Seller may defer, cancel or suspend deliveries at any stage until full payment, including payments from previous cargos, as stipulated herein, is duly received in accordance with the terms of this agreement. Costs and losses due to differed/canceled/suspended deliveries shall be on buyer's accounts. Notwithstanding the above, the seller may refer to the most recent guarantees provided by the Buyer, to recover any outstanding amount due by the Buyer to the Seller for any deals, irrespective of the specific subject matter of the provided guarantee. 14. Event of default Without prejudice to the parties' other rights under this agreement or at law, a default ("default") of this agreement shall be deemed to occur if: a. Buyer fails to make any payment due under this agreement that is not cured within two (2) banking days as of the due date; b. Either parties 'insolvency. C. The occurrence of a material breach, (being any breach of this agreement which has a serious effect on the benefit which the other party would otherwise derive from a substantial part of this agreement over its term), where that breach is either not capable of remedy or not remedied on or before the thirties calendar day following the day on which notice to remedy is given to the party in material breach. In deciding whether any breach is material, no regard shall be paid to whether it occurs by an accident, mishap, mistake or misunderstanding. Then if any such event occurs, without prejudice to any other rights and remedies that may be available under this agreement or otherwise, the party other than the defaulting party (the “non-defaulting party") shall have the right, exercisable in its sole discretion immediately and at any time(s) on notice to the defaulting party, take any or all of the following actions: (1) suspend its performance under this agreement; and (2) terminate this agreement, without prejudice to any rights and remedies accruing to the parties before such termination. 15. Governing law and settlement of dispute Governing law: this contract and any dispute or claim arising out of or in connection with it or its subject matter or formation shall be construed, governed and interpreted in accordance with the laws of Iran. Arbitration: any dispute in respect of validity, interpretation, application and execution of the contract if not settled by amicable negotiations, shall be referred to and finally resolved either in accordance with the Arbitration Rules of Arbitration Centre of Iran Chamber of Commerce (ACIC) or the latest edition of the UNCITRAL Rules of Arbitration, as per the seller's choice and preference. The arbitration shall be carried out by three arbitrators. The language of arbitration will be in English. The arbitral award shall be final and binding upon the parties. 16. Force majeure,proportionally,.,All,such,payments,to,Seller,shall,be,net,and,free,of,any,taxes,,,levies,,,charges,or,fees,,,with,no,deduction,being,allowed,from,the,amounts,invoiced,by,Seller,,,for,any,reason,whatsoever,.,In,case,the,payments,made,by,buyer,differ,from,the,amount,invoiced,,,the,difference,shall,be,promptly,paid,to,Seller,,,unless,otherwise,provided,in,this,GTC,.,13.,Buyer's,guarantee,The,payments,under,the,contract,may,be,requested,by,the,seller,to,be,secured,by,buyer's,in,the,form,of,submission,of,cheque,,,or,any,guarantees,or,payment,undertaking,to,be,issued,in,the,format,and,conditions,agreed,by,the,seller,in,favor,of,the,seller,or,its,nominee,at,the,time,of,conclusion,of,the,contract,and,be,annexed,thereto,.,In,case,the,buyer,nominates,a,third,-,party,guarantor,,,it,shall,be,jointly,and,severally,liable,for,payment,undertakings,under,the,contract,and,shall,indemnify,the,seller,of,any,objections,,,claims,,,loss,,,damaged,and,costs,of,the,third,-,party,guarantor,.,In,case,the,buyer,fails,to,perform,its,obligations,under,the,contract,,,the,seller,may,recourse,to,the,guarantee,with,no,need,to,any,judicial,or,formal,condition,,,in,order,to,recover,all,its,loss,and,damages,including,its,legal,costs,and,late,payment,damages,,,and,the,buyer,indemnifies,the,seller,of,any,objections,and,claims,in,respect,of,execution,of,the,guarantee,.,The,amount,of,guarantee,shall,always,remain,valid,and,operable,during,the,validity,of,the,contract,,,otherwise,the,seller,may,suspend,the,contract,until,the,placement,of,a,valid,guarantee,acceptable,to,the,seller,.,The,seller,may,appoint,a,third,party,to,be,the,beneficiary,of,the,guarantees,,,in,such,case,,,the,said,third,party,has,the,right,to,execute,the,guarantee,and,take,any,measures,necessary,,,including,legal,actions,,,for,recovering,the,amount,of,the,guarantee,as,per,the,seller's,instruction,.,Seller,may,defer,,,cancel,or,suspend,deliveries,at,any,stage,until,full,payment,,,including,payments,from,previous,cargos,,,as,stipulated,herein,,,is,duly,received,in,accordance,with,the,terms,of,this,agreement,.,Costs,and,losses,due,to,differed,/,canceled,/,suspended,deliveries,shall,be,on,buyer's,accounts,.,Notwithstanding,the,above,,,the,seller,may,refer,to,the,most,recent,guarantees,provided,by,the,Buyer,,,to,recover,any,outstanding,amount,due,by,the,Buyer,to,the,Seller,for,any,deals,,,irrespective,of,the,specific,subject,matter,of,the,provided,guarantee,.,14.,Event,of,default,Without,prejudice,to,the,parties,',other,rights,under,this,agreement,or,at,law,,,a,default,(,",default,",),of,this,agreement,shall,be,deemed,to,occur,if,:,a,.,Buyer,fails,to,make,any,payment,due,under,this,agreement,that,is,not,cured,within,two,(,2,),banking,days,as,of,the,due,date,;,b,.,Either,parties,',insolvency,.,C.,The,occurrence,of,a,material,breach,,,(,being,any,breach,of,this,agreement,which,has,a,serious,effect,on,the,benefit,which,the,other,party,would,otherwise,derive,from,a,substantial,part,of,this,agreement,over,its,term,),,,where,that,breach,is,either,not,capable,of,remedy,or,not,remedied,on,or,before,the,thirties,calendar,day,following,the,day,on,which,notice,to,remedy,is,given,to,the,party,in,material,breach,.,In,deciding,whether,any,breach,is,material,,,no,regard,shall,be,paid,to,whether,it,occurs,by,an,accident,,,mishap,,,mistake,or,misunderstanding,.,Then,if,any,such,event,occurs,,,without,prejudice,to,any,other,rights,and,remedies,that,may,be,available,under,this,agreement,or,otherwise,,,the,party,other,than,the,defaulting,party,(,the,“,non,-,defaulting,party,",),shall,have,the,right,,,exercisable,in,its,sole,discretion,immediately,and,at,any,time,(,s,),on,notice,to,the,defaulting,party,,,take,any,or,all,of,the,following,actions,:,(,1,),suspend,its,performance,under,this,agreement,;,and,(,2,),terminate,this,agreement,,,without,prejudice,to,any,rights,and,remedies,accruing,to,the,parties,before,such,termination,.,15.,Governing,law,and,settlement,of,dispute,Governing,law,:,this,contract,and,any,dispute,or,claim,arising,out,of,or,in,connection,with,it,or,its,subject,matter,or,formation,shall,be,construed,,,governed,and,interpreted,in,accordance,with,the,laws,of,Iran,.,Arbitration,:,any,dispute,in,respect,of,validity,,,interpretation,,,application,and,execution,of,the,contract,if,not,settled,by,amicable,negotiations,,,shall,be,referred,to,and,finally,resolved,either,in,accordance,with,the,Arbitration,Rules,of,Arbitration,Centre,of,Iran,Chamber,of,Commerce,(,ACIC,),or,the,latest,edition,of,the,UNCITRAL,Rules,of,Arbitration,,,as,per,the,seller's,choice,and,preference,.,The,arbitration,shall,be,carried,out,by,three,arbitrators,.,The,language,of,arbitration,will,be,in,English,.,The,arbitral,award,shall,be,final,and,binding,upon,the,parties,.,16.,Force,majeure,Neither buyer nor seller will be liable for damages or otherwise for any failure or delay in performance of any obligation hereunder other than any obligation to make payment, where such failure or delay is caused by force majeure, being any event or occurrence or circumstance reasonably beyond the control of that party, including but without prejudice to the generality of the foregoing, failure or delay caused by or resulting from acts of god, disruption, breakdown or shut down of production or transportation facilities, equipment, closing of harbors and pipelines, inability to obtain fuel, power, raw material and labour, breakdown of loading and receiving facilities or plants, feedstock and technical problems, strikes, labour or trade dispute or other industrial action, fires, floods, drought, Wars (whether declared or undeclared), civil commotion, armed conflict, terrorist attack, epidemics (including without limitation any associated quarantine or other containment measures), riots, perils of the sea, embargoes, accidents, acts, orders or restrictions imposed by any government authority or person purporting to act therefore (including allocations, priorities, requisitions, prohibitions, quotas and price controls or failing to grant necessary consents or licenses) (each a "force majeure event"). The party whose performance is so affected shall notify the other party hereto as soon as reasonably practicable indicating the nature of such force majeure event and, to the extent possible, inform the other party of the expected duration of the force majeure event. The parties' respective obligations under the agreement shall be suspended and the time for buyer and seller to perform their obligations shall be extended to the extent possible, during any period during which these obligations are prevented, hindered, curtailed or delayed by reason of any force majeure event. If any of these obligations shall be prevented, hindered, curtailed or delayed for more than 30 consecutive days, either party may terminate this agreement with respect to such delivery upon written notice to the other party, without prejudice to any rights and obligations of the parties which have accrued prior to the force majeure event. Events of force majeure shall not exempt buyer from its obligation for timely payment of delivered products price under any circumstances. 17. Confidentiality The parties agree to keep confidential the existence and terms of the Contract and any information and documents relating thereto. save that each party may disclose the existence and terms of this contract pursuant to an order of any court of competent jurisdiction, or as may be required by any applicable law, regulation, or by any governmental or other regulatory authority having jurisdiction over the parties, or to any of its affiliates, professional advisors, auditors, insurers, agents and/or brokers or in connection with any dispute or court or arbitration proceedings. The confidentiality obligations contained in this agreement shall survive the termination or expiry of this agreement for a period of two years. 18. Assignment Neither party may assign or transfer or subcontract its rights or obligations under this agreement in full or in part, without the prior written consent of the other party. 19. Anti-corruption The parties to this agreement each agree and undertake to the other that in connection with this agreement, they will each respectively comply with and act in a manner consistent with all applicable laws, rules, regulations, decrees and/or official government orders of the governments of the Islamic republic of Iran, European union, or other jurisdiction applicable to the parties relating to anti-bribery and anti- money laundering. If one party reasonably believes that the other party is in breach of, or is likely to breach, its obligations under this clause, the non-breaching party may terminate this agreement forthwith upon written notice (supported by reasonable evidence) to the other party without prejudice to the non-breaching party's rights under this agreement or generally. 20. Limitation of liability Notwithstanding any other provision of this agreement, neither party shall be liable to the other whether under this agreement or otherwise in connection with it, whether in contract, tort (including in negligence), breach of statutory duty or otherwise (whether or not foreseeable and howsoever arising) in respect of (a) any indirect or consequential losses or expenses; and (b) to the extent not constituting indirect or consequential losses or expenses, any loss of anticipated profits, refinery or plant shut-down or reduced production, goodwill, use, market reputation, business receipts or contracts or commercial opportunities.,Neither,buyer,nor,seller,will,be,liable,for,damages,or,otherwise,for,any,failure,or,delay,in,performance,of,any,obligation,hereunder,other,than,any,obligation,to,make,payment,,,where,such,failure,or,delay,is,caused,by,force,majeure,,,being,any,event,or,occurrence,or,circumstance,reasonably,beyond,the,control,of,that,party,,,including,but,without,prejudice,to,the,generality,of,the,foregoing,,,failure,or,delay,caused,by,or,resulting,from,acts,of,god,,,disruption,,,breakdown,or,shut,down,of,production,or,transportation,facilities,,,equipment,,,closing,of,harbors,and,pipelines,,,inability,to,obtain,fuel,,,power,,,raw,material,and,labour,,,breakdown,of,loading,and,receiving,facilities,or,plants,,,feedstock,and,technical,problems,,,strikes,,,labour,or,trade,dispute,or,other,industrial,action,,,fires,,,floods,,,drought,,,Wars,(,whether,declared,or,undeclared,),,,civil,commotion,,,armed,conflict,,,terrorist,attack,,,epidemics,(,including,without,limitation,any,associated,quarantine,or,other,containment,measures,),,,riots,,,perils,of,the,sea,,,embargoes,,,accidents,,,acts,,,orders,or,restrictions,imposed,by,any,government,authority,or,person,purporting,to,act,therefore,(,including,allocations,,,priorities,,,requisitions,,,prohibitions,,,quotas,and,price,controls,or,failing,to,grant,necessary,consents,or,licenses,),(,each,a,",force,majeure,event,",),.,The,party,whose,performance,is,so,affected,shall,notify,the,other,party,hereto,as,soon,as,reasonably,practicable,indicating,the,nature,of,such,force,majeure,event,and,,,to,the,extent,possible,,,inform,the,other,party,of,the,expected,duration,of,the,force,majeure,event,.,The,parties,',respective,obligations,under,the,agreement,shall,be,suspended,and,the,time,for,buyer,and,seller,to,perform,their,obligations,shall,be,extended,to,the,extent,possible,,,during,any,period,during,which,these,obligations,are,prevented,,,hindered,,,curtailed,or,delayed,by,reason,of,any,force,majeure,event,.,If,any,of,these,obligations,shall,be,prevented,,,hindered,,,curtailed,or,delayed,for,more,than,30,consecutive,days,,,either,party,may,terminate,this,agreement,with,respect,to,such,delivery,upon,written,notice,to,the,other,party,,,without,prejudice,to,any,rights,and,obligations,of,the,parties,which,have,accrued,prior,to,the,force,majeure,event,.,Events,of,force,majeure,shall,not,exempt,buyer,from,its,obligation,for,timely,payment,of,delivered,products,price,under,any,circumstances,.,17.,Confidentiality,The,parties,agree,to,keep,confidential,the,existence,and,terms,of,the,Contract,and,any,information,and,documents,relating,thereto,.,save,that,each,party,may,disclose,the,existence,and,terms,of,this,contract,pursuant,to,an,order,of,any,court,of,competent,jurisdiction,,,or,as,may,be,required,by,any,applicable,law,,,regulation,,,or,by,any,governmental,or,other,regulatory,authority,having,jurisdiction,over,the,parties,,,or,to,any,of,its,affiliates,,,professional,advisors,,,auditors,,,insurers,,,agents,and,/,or,brokers,or,in,connection,with,any,dispute,or,court,or,arbitration,proceedings,.,The,confidentiality,obligations,contained,in,this,agreement,shall,survive,the,termination,or,expiry,of,this,agreement,for,a,period,of,two,years,.,18.,Assignment,Neither,party,may,assign,or,transfer,or,subcontract,its,rights,or,obligations,under,this,agreement,in,full,or,in,part,,,without,the,prior,written,consent,of,the,other,party,.,19.,Anti,-,corruption,The,parties,to,this,agreement,each,agree,and,undertake,to,the,other,that,in,connection,with,this,agreement,,,they,will,each,respectively,comply,with,and,act,in,a,manner,consistent,with,all,applicable,laws,,,rules,,,regulations,,,decrees,and,/,or,official,government,orders,of,the,governments,of,the,Islamic,republic,of,Iran,,,European,union,,,or,other,jurisdiction,applicable,to,the,parties,relating,to,anti,-,bribery,and,anti-,money,laundering,.,If,one,party,reasonably,believes,that,the,other,party,is,in,breach,of,,,or,is,likely,to,breach,,,its,obligations,under,this,clause,,,the,non,-,breaching,party,may,terminate,this,agreement,forthwith,upon,written,notice,(,supported,by,reasonable,evidence,),to,the,other,party,without,prejudice,to,the,non,-,breaching,party's,rights,under,this,agreement,or,generally,.,20.,Limitation,of,liability,Notwithstanding,any,other,provision,of,this,agreement,,,neither,party,shall,be,liable,to,the,other,whether,under,this,agreement,or,otherwise,in,connection,with,it,,,whether,in,contract,,,tort,(,including,in,negligence,),,,breach,of,statutory,duty,or,otherwise,(,whether,or,not,foreseeable,and,howsoever,arising,),in,respect,of,(,a,),any,indirect,or,consequential,losses,or,expenses,;,and,(,b,),to,the,extent,not,constituting,indirect,or,consequential,losses,or,expenses,,,any,loss,of,anticipated,profits,,,refinery,or,plant,shut,-,down,or,reduced,production,,,goodwill,,,use,,,market,reputation,,,business,receipts,or,contracts,or,commercial,opportunities,.,21. Notices All communications and any notices for any purpose and of whatsoever nature shall be deemed to have been properly served when delivered by email or courier to the address mentioned in "special conditions", or when sent by email to the email address(es) which was used for negotiation of the contract and/or participating in tender notice and/or exchange of signed PIs. Either party that modifies such email or the address shall forthwith notify the other party thereof by giving a notice in accordance with this clause, otherwise all the communication or notices and emails shall be deemed effective and properly served if sent to the addresses as indicated above. 22. Other terms and conditions Any Sellers' information or statement issued prior to issuance of PI (including announcements, price lists and advertisements) submitted to buyer, irrespective of their form and mode of denotation, do not constitute an offer (or quotation) in the meaning of the law. Waiver: The failure of each party to insist upon the performance of any of the provisions of the "Contract" shall not be considered a waiver with respect to any breach or relinquishment of future compliance therewith; nor shall a waiver by either party of any breach at one time of any provision operate as a waiver of any other provision or as a continuing waiver of such provision. Amendments: This "Contract" may not be altered, modified, changed or amended, or waived, in whole or in part, except in writing, signed by both parties. Severability: If one or more provisions of this Contract are found by a court of competent jurisdiction, or any governmental authority with competent jurisdiction over the parties hereto, to be illegal, invalid or unenforceable, in whole or in part, the remaining terms and provisions of the "Contract" shall remain in full force and effect. Free Will: The parties agree that each has entered into the "Contract" upon their own free will, without coercion or undue influence from the other party. The parties further agree and acknowledge that each party has had ample time to seek and receive competent legal or other advice or counsel regarding the terms and conditions of and duties and obligations imposed under the "Contract" and that the parties fully understand, agree and accept all of the terms and conditions herein. No Compete: The Seller may suspend or terminate temporarily or permanently its commercial relations with the Buyer, if the buyer is found to be engaged into commercial activities that, with respect to type of products, scale of trading or target markets or any similar aspects, that in view of the seller constitutes activities in competition with the seller. Duty to disclose: The Buyer is prohibited to engage directly or indirectly into logistics, storage or financial services being provided to the Seller, without proper disclosure and Seller's consent. Otherwise, the Seller may terminate the contracts, suspend future relationship or take measures as may be required, any liabilities, including but not limited to, costs and expenses in this respect shall be borne by the buyer. No one other than a party to this contract (and their permitted assignees) shall have any right to enforce any of its terms. No variation of this contract shall be effective unless it is in writing and signed by the parties (or their authorized representatives). Representation: The parties acknowledges that their signatory representative has sufficient power to sign the documents on behalf the respective party and the respective party will be bound by its representative signature on jointly and severally basis and shall not invoke any ground for lack of authority of its representation. The Buyer's signatory representative and the Buyer's Affiliate Entities involved in conclusion and performance of the Contract, including the consignees of the shipping documents, the paying parties and any other entities nominated by the Buyer, shall be jointly and severally liable with the Buyer under the Contract. Affiliate Entities shall mean any other, person, company or organization which de jure or de facto, directly or indirectly, totally or partly, owns, is owned by, or is under common ownership or control of the Buyer or nominated by the Buyer or acted on behalf of the Buyer. This general terms and condition is incorporated into the pro-forma invoice, and by entering into an agreement for sales and purchase between the buyer and seller, these general conditions shall apply, unless otherwise specifically provided in writing.,21.,Notices,All,communications,and,any,notices,for,any,purpose,and,of,whatsoever,nature,shall,be,deemed,to,have,been,properly,served,when,delivered,by,email,or,courier,to,the,address,mentioned,in,",special,conditions,",,,or,when,sent,by,email,to,the,email,address,(,es,),which,was,used,for,negotiation,of,the,contract,and,/,or,participating,in,tender,notice,and,/,or,exchange,of,signed,PIs,.,Either,party,that,modifies,such,email,or,the,address,shall,forthwith,notify,the,other,party,thereof,by,giving,a,notice,in,accordance,with,this,clause,,,otherwise,all,the,communication,or,notices,and,emails,shall,be,deemed,effective,and,properly,served,if,sent,to,the,addresses,as,indicated,above,.,22.,Other,terms,and,conditions,Any,Sellers,',information,or,statement,issued,prior,to,issuance,of,PI,(,including,announcements,,,price,lists,and,advertisements,),submitted,to,buyer,,,irrespective,of,their,form,and,mode,of,denotation,,,do,not,constitute,an,offer,(,or,quotation,),in,the,meaning,of,the,law,.,Waiver,:,The,failure,of,each,party,to,insist,upon,the,performance,of,any,of,the,provisions,of,the,",Contract,",shall,not,be,considered,a,waiver,with,respect,to,any,breach,or,relinquishment,of,future,compliance,therewith,;,nor,shall,a,waiver,by,either,party,of,any,breach,at,one,time,of,any,provision,operate,as,a,waiver,of,any,other,provision,or,as,a,continuing,waiver,of,such,provision,.,Amendments,:,This,",Contract,",may,not,be,altered,,,modified,,,changed,or,amended,,,or,waived,,,in,whole,or,in,part,,,except,in,writing,,,signed,by,both,parties,.,Severability,:,If,one,or,more,provisions,of,this,Contract,are,found,by,a,court,of,competent,jurisdiction,,,or,any,governmental,authority,with,competent,jurisdiction,over,the,parties,hereto,,,to,be,illegal,,,invalid,or,unenforceable,,,in,whole,or,in,part,,,the,remaining,terms,and,provisions,of,the,",Contract,",shall,remain,in,full,force,and,effect,.,Free,Will,:,The,parties,agree,that,each,has,entered,into,the,",Contract,",upon,their,own,free,will,,,without,coercion,or,undue,influence,from,the,other,party,.,The,parties,further,agree,and,acknowledge,that,each,party,has,had,ample,time,to,seek,and,receive,competent,legal,or,other,advice,or,counsel,regarding,the,terms,and,conditions,of,and,duties,and,obligations,imposed,under,the,",Contract,",and,that,the,parties,fully,understand,,,agree,and,accept,all,of,the,terms,and,conditions,herein,.,No,Compete,:,The,Seller,may,suspend,or,terminate,temporarily,or,permanently,its,commercial,relations,with,the,Buyer,,,if,the,buyer,is,found,to,be,engaged,into,commercial,activities,that,,,with,respect,to,type,of,products,,,scale,of,trading,or,target,markets,or,any,similar,aspects,,,that,in,view,of,the,seller,constitutes,activities,in,competition,with,the,seller,.,Duty,to,disclose,:,The,Buyer,is,prohibited,to,engage,directly,or,indirectly,into,logistics,,,storage,or,financial,services,being,provided,to,the,Seller,,,without,proper,disclosure,and,Seller's,consent,.,Otherwise,,,the,Seller,may,terminate,the,contracts,,,suspend,future,relationship,or,take,measures,as,may,be,required,,,any,liabilities,,,including,but,not,limited,to,,,costs,and,expenses,in,this,respect,shall,be,borne,by,the,buyer,.,No,one,other,than,a,party,to,this,contract,(,and,their,permitted,assignees,),shall,have,any,right,to,enforce,any,of,its,terms,.,No,variation,of,this,contract,shall,be,effective,unless,it,is,in,writing,and,signed,by,the,parties,(,or,their,authorized,representatives,),.,Representation,:,The,parties,acknowledges,that,their,signatory,representative,has,sufficient,power,to,sign,the,documents,on,behalf,the,respective,party,and,the,respective,party,will,be,bound,by,its,representative,signature,on,jointly,and,severally,basis,and,shall,not,invoke,any,ground,for,lack,of,authority,of,its,representation,.,The,Buyer's,signatory,representative,and,the,Buyer's,Affiliate,Entities,involved,in,conclusion,and,performance,of,the,Contract,,,including,the,consignees,of,the,shipping,documents,,,the,paying,parties,and,any,other,entities,nominated,by,the,Buyer,,,shall,be,jointly,and,severally,liable,with,the,Buyer,under,the,Contract,.,Affiliate,Entities,shall,mean,any,other,,,person,,,company,or,organization,which,de,jure,or,de,facto,,,directly,or,indirectly,,,totally,or,partly,,,owns,,,is,owned,by,,,or,is,under,common,ownership,or,control,of,the,Buyer,or,nominated,by,the,Buyer,or,acted,on,behalf,of,the,Buyer,.,This,general,terms,and,condition,is,incorporated,into,the,pro,-,forma,invoice,,,and,by,entering,into,an,agreement,for,sales,and,purchase,between,the,buyer,and,seller,,,these,general,conditions,shall,apply,,,unless,otherwise,specifically,provided,in,writing,.

Dear Sir/Madam, We are in position to supply one cargo of Caustic Soda as per below conditions , please let us have your best price till 30th May 2023, 10:00 a.m Tehran time. Product: Liquid Caustic Soda Quantity: 10 KT Dry +-10% (seller’s option) Quality: As per seller’s spec attached herewith Packing: In Bulk Shipment: F H - Mid June 2023 Important Note: Vessel should be available once buyer proposes the bid with mentioning the laycan. Not lifting the cargo in mentioned laycan of buyer, might lead to buyer black listing in PGPICC. Terms of Delivery: FOB BIK Destination: Open destination, to be declared in buyer’s proposal. Terms of Payment: TT 100% cash in advance (20% on PI validity and 80% before Loading) Price: Fixed (As per seller’s better netback) Currency of Payment: AED or EURO Exchange rate: USD/AED: 3.6725; EUR/USD: As per ECB rate for PI date (In case the quotation is not available, one working day after PI date will be considered) * All other as per our GTC attached herewith Your proposal should be valid till 31th May 2023. Final negotiation Results is subject to our trade committee’s approval. BR M.Sh

551 West 21st Open House  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ View in browser [https://email.apm.compass.com/c/eJx9UMtqwzAQ_BrrZiOttYp80MF9hVASStt7kaVVY_ALS0no31fJpT2UwsLOLvuYGU9Df6bVdgPtvFGA3LqgeaMFSc5FIOEbHpg3EJRWyHoDHIBLrkFIJbHqtFN5TTS-VoqCKiS3y1i5eVxsjNfMjgZrFaQkaKQWwlMIqKRSiBuvPYaNYJEmT2tmgMQF8KZ23AmXSXCFgHUHbDDHlJZY1G0BTzkul8vvJ7kzzakPvbOpn6eYaxptP9xAEM4GDaXVNZVy46DUQFgSSo3UCPSqqY5pHBhN536dp5GmZJZ19id3PcZWE8nbrKyzcbA3cVVaWTL79vX58X132H7ct_uXdrc9vDH_4-j710J_ztyolcl-RlPgXQEghWg2KoMCH9gp_mvFN4h3g0M] compass [https://www.compass.com/ucfe-assets/mc-assets/2/email/Compass_Logo-Animated.gif] [https://www.compass.com/m/0/68168b82-ec3b-4543-929d-79c259de991e/origin.jpg] [https://email.apm.compass.com/c/eJx9kU1r3DAQhn-NdfOib0sHHzZNE5aSUNrcl5E03hXYsrHkLPn3lZdCe2gDQhqGZz5evQHH-I4ruBFPoddcUfCDodYwlJSyAVmwdCCh54M2WpHYc8o5ldRwJrVUB2e8rmXMBqE1DrqRFJbp4OdpgZz3l1x7L1joQADzzlMuqHPWC8sDahMQJJCMKeBaN1BIGadWeOqZr0tQrbgSjpOxv5ay5EYcG_5Uz-12-3tIzYwxl5guNVKKtTfMpeWsXrmsiKXdUiytdO0E6QqlQGrTR8uqRlYrGGV1n84I1XXGSGmt2MeIp61M5wlD3KZGPOIEcWy43pMe6ux4STV9_zUTGHhmHdLaEjRQpn-Ted5Wj5X7n7bKgdsBukcXTOUcwyc8wfQe1zlNleyXdQ6bL3FOZO0zBqgGOMgj3D04lJWU_uX449vXt9Pr8_nL8eX78fT8-pOEP8a_fSz4T-auty1wyX2jHhrOJWO2q7p4ox7Jlj917BdAn7QV] Open house this weekend!  Sunday 2 to 3pm [https://www.compass.com/m/0/68168b82-ec3b-4543-929d-79c259de991e/origin.jpg] [https://email.apm.compass.com/c/eJx9kU1r3DAQhn-NdfOib0sHHzZNE5aSUNrcl5E03hXYsrHkLPn3lZdCe2gDQhqGZz5evQHH-I4ruBFPoddcUfCDodYwlJSyAVmwdCCh54M2WpHYc8o5ldRwJrVUB2e8rmXMBqE1DrqRFJbp4OdpgZz3l1x7L1joQADzzlMuqHPWC8sDahMQJJCMKeBaN1BIGadWeOqZr0tQrbgSjpOxv5ay5EYcG_5Uz-12-3tIzYwxl5guNVKKtTfMpeWsXrmsiKXdUiytdO0E6QqlQGrTR8uqRlYrGGV1n84I1XXGSGmt2MeIp61M5wlD3KZGPOIEcWy43pMe6ux4STV9_zUTGHhmHdLaEjRQpn-Ted5Wj5X7n7bKgdsBukcXTOUcwyc8wfQe1zlNleyXdQ6bL3FOZO0zBqgGOMgj3D04lJWU_uX449vXt9Pr8_nL8eX78fT8-pOEP8a_fSz4T-auty1wyX2jHhrOJWO2q7p4ox7Jlj917BdAn7QV] 551 West 21st Street, Unit 4B [https://www.compass.com/listing/551-west-21st-street-unit-4b-manhattan-ny-10011/1013927835778844993/?utm_medium=email&utm_campaign=6250a8d1ac19be0001a6a016&utm_source=5e012093c0c1c81e065253b2&abe=0&agent_id=5e012093c0c1c81e065253b2] 2 Bed | 1.5 Bath 1200sf $2,700,000 This property is the exclusive listing of Alan Louie at Compass. Spectacular West Facing 2 Bedroom at 551 West 21st Street! A brand new luxury condominium with immaculate finishes and perfectly thought out floor plans! Upon entering this 2 bedroom apartment you will be impressed by the high ceilings, over-sized 9 foot floor to ceiling windows with open Views! Amazing sunlight 10 ft ceilings to enhance the space. Impeccable Chefs Kitchen with Molteni & C Dada custom oak cabinetry, beveled Blanco de Macael marble countertops and backsplash. include a Gaggenau cooktop & extraction hood, Sub-Zero refrigerator/freezer, Miele oven & dishwasher. Amazing master bedroom with wide wall of windows facing the river, and a spa-inspired en-suite bathroom with stone flooring & relaxing Kohler enameled cast-iron soaking tub. The 5’’ wide oak flooring ties the entire space together flawlessly and a seperate laundry room with washer/dryer! and a separate half bathroom. 551 West 21st Street is a masterpiece set on the Hudson River. Five star amenities include a private gated drive court surrounded by a green wall, magnificent soaring lobby, full-time doorman & concierge, porter, valet, live-in super, state-of-the-art fitness center with his & her spas and yoga room, a residents’ lounge, children’s playroom, bike storage, and separate service entrance. Amazing locations steps to the Highline, Chelsea Market, Hudson Yards, Chelsea Piers and the RIver! Be the first to call this New York City retreat your new home! Please contact me for a viewing today! New on the market. View All Listings [https://email.apm.compass.com/c/eJx9kctqIzEQRb9G2tnoHfVCC89kbMyQMCTZm5JUbQv6RUsdk7-P2gwkiyQgUHF1VLp1FbFLrziD7_AYnRGaQWgtayxHxRhvkceGtTQ60RprNE1OMCGYYlZwZZTeehtMvcabKI3B1hDFYOq3YewnyHnd6cUFjxaZlnfWNIprNN4oERqUynoPMtCMQ8S5OtDIuGCNDCzwUE0wo4WWXtDOXUqZMpE7IvZ1Xa_Xz49UBc44lFyLcsENdDBsunFJuCkI6zGR-6X0px5jWnoi77GH1BFhVjFAbZTOQ5VvEdjIIfDGI6sZgAHGzX8yj8scsHLfGa0c-BVga7VaOqX4A09xeE3zOPSVdNM8xiWUNA50dhkj1DQ95A5ugW7LTIt72D39_fNyfDycfu8e_u2Oh8dnGj9-8eVtwi-Z27ybAufsiP5FhFCcN3d1LkH0PV3yj_G_AxHepgY] [https://images.ctfassets.net/coelicg781ig/4zTcJIRtJNGqYkPU6Ll4q1/97caa51f8c661da696fc3ce93665b60f/concierge-update.png] [https://email.apm.compass.com/c/eJx9kc1qwzAQhJ9GujWsZEmxDjq4TRNCSSht7kGW1o7Af1h2Qt--cii0h7Yg0DJ8y-7MemzCFUdbNrj3RnEJ1lU56JyhAGAVMq-hot7wSuVK0mA4cA4Ccs6EEnJV5k6lNqZ9phRWigiwQ7tyfTvYGJefXsyaa5DMWSkrATwvoRQKQAM47TIlBI3YeRzTBhKBcdCZA8dcWgKU5DIrOW3MZZqGSLKC8G16t9vt55CkuL5zAccaU21r7CaSbeepPbfow9ySbIOtDQ3hahGdTa2h7pJ8N517Zh3TJUJybZUFpr7I2M-jw8T9tVribLkAsFTL4HPw__AUu2sY-65NpBnG3s9uCn1HRxPR25RfaWNj7xGuppFO5lC8vTyf9sfd-ak4vBb73fGd-u-7nT4G_JW5-32YbB0NkY-Ec8GYXidfnMgNneO_gX8CD--gcg] [https://process.filestackapi.com/ALjVIPyY5SBCdSTP1630Sz/resize=width:600/crop=dim:[0,4,600,500]/https://cdn.filestackcontent.com/1fKg7AT0QEWYVmXSHmbg] Alan Louie Team [email protected] 6467720760 © Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. marketingcenter-newyorkcity-manhattan [https://email.apm.compass.com/o/eJx9kMtqAzEMRb9mvOsgP-NZeDF9EEJJKG32RbbldmBe2JNA_75ON92UrnThCp2DIo3DlTL6kQ7RGaEBQ7LQWU4KgCfisYPEaMJhvNvwo7hG3zdCKM67namh0Y8sOpGMNZoNToAQoMAKrozSrbfB1KO8i9IYSqZRgOvUhmVasZTbZJ9uV9suaSC88SGBRvBRhiAltx6QFZoj5eqnCbiATgYIPFRFMFpo6QWj-TrkZZ5o3tyal3gJ27DMLLtCESvUYxnxh9tumW3u2L8-P50Pp_37Q3986Q_70xuLv684f630586l_OvxDbWvY5s]