1 st Part. Basic provisions 1. Credit type Consumer credit granted with a deferred payment of the purchase price. 60 months

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1 Mogo IFN S.A., having its headquarters in Bucharest, district 1, 24 Sevastopol str., 4 th floor, office No. 406 Registered with the Trade Registry under No. J40/5043/2016, Tax ID No. RO Registered with the General Register of BNR under No. RG-PJR / Personal data operator license No /2016 Telephone: , info@mogo.ro, internet website address Instalment Purchase Agreement No... Purchase document No. [] of the accounting book. Creditor/Mogo Tax ID no: RO General Registry No.: RG-PJR Headquarter: 24Sevastopol Str., 4 th floor, 406, District 1, Bucharest Bank: BRD Victoria Agency Bank account No.: RO54BRDE445SV Buyer / Debtor Full name: Personal identification No.: Domicile:.... address:. Telephone No.:. Bank account No.: - 1 st Part. Basic provisions 1. Credit type Consumer credit granted with a deferred payment of the purchase price 1. Total value of the credit and the currency: 1¹. Description of the Vehicle s condition. 2. Purchase price of the Vehicle and currency: 2¹. Advance of the Vehicle purchase price, remaining after retaining the issuance commission fee. 3. Credit utilization conditions: 4. Purchase price payment / Credit period: lei (. ) The RCA (Auto Liability Insurance) policy must be done by the DEBTOR As indicated in Annex 4.. lei (.. ). lei (...) The credit is completely granted as a deferred payment of the vehicle purchase price. 60 months 5. Repayment planning method. Equal instalments annuities 6. Interest rate, general interest, and application conditions: Fixed Interest: 3.15% per month

2 7. Detailed fees of the Contract: Issuance fee: RON 500 Administration fee 0 (zero) Early repayment fee and sole fee as per Annex Annual effective interest (AEI) and example:.. % 9. Total costs of the credit:. lei ( ) *The mandatory vehicle insurance (RCA) and the costs payable for the registration with competent authorities, as well as the payments mentioned in the General provisions are not included in the AEI and in the total cost of the credit. 10. Payback schedule (includes the amount, number and frequency of the payments): Annex No.3 of the Contract includes the credit payback schedule. 11. Vehicle: Guarantor (if the case): 13.Mogo/Creditor s contact details Telephone No.: info@mogo.ro Working hours with the customers: Monday - Friday 9:00 a.m p.m. Saturday - Sunday 8:00 a.m p.m. 14. Additional payments: Costs related to the registration of the vehicle under the name of Mogo with the competent authorities according to Annex A [YES] Vehicle tax [YES] Payment of the mandatory RCA insurance [YES] Costs paid to maintain the vehicle in good operating condition, including technical inspections, keeping the guarantee and repairs. 15. Mogo/The creditor pays for the installing of the autogas equipment (LPG) on the vehicle: No

3 16. The vehicle must have CASCO insurance according to the provisions of the Contract: No Mogo IFN SA Represented by:. Signature Customer:. Date:.. Signature I, THE UNDERSIGNED (NAME OF THE CUSTOMER), HEREBY DECLARE THAT I HAVE CHECKED AND CHOSEN THE VEHICLE (CHASSIS SERIES) IN FULL KNOWLEDGE OF THE FACTS, AND I AGREE TO THE TECHNICAL STATUS AND THE APPEARANCE OF THE VEHICLE AND I EXPRESSLY ACCEPT THE FACT THAT THE VEHICLE IS TO BE SOLD IN THE ABSENCE OF CERTAIN FEATURES AGREED BETWEEN ME AND MOGO/CREDITOR AND I SHALL NOT HOLD MOGO/CREDITOR RESPONSIBLE FOR THE APPEARANCE OR TECHNICAL CONDITION OF THE VEHICLE, WHILE IRREVOCABLY GIVING UP ON ANY CLAIM OR LITIGATION AGAINST MOGO/CREDITOR REGARDING THE DELIVERY, SEIZURE, HIDDEN VICES AND/OR APPEARANCE OF THE VEHICLE. ( NAME OF THE CUSTOMER) SIGNATURE

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5 Mogo IFN S.A., with registered office in Bucharest, District 1, 24 Sevastopol Street, 4 th floor, office 406 Registered with the Trade Register under No. J40/5043/2016, tax registration code (CUI) RO Registered with the General Register of the National Bank of Romania (BCR) under No. RG-PJR /09 November 2016 Personal Data Operator Licence No /2016 Phone No.: , info@mogo.ro, Webpage: [logo of mogo] Part II GENERAL PROVISIONS OF THE HIRE-PURCHASE AGREEMENT SUBJECT TO OWNERSHIP RESERVATION CLAUSE 1. Definitions Loan Acceleration Early maturity date applied for the remainder of the outstanding amount of the Vehicle Price, upon the date when such amount is triggered further to the failure, on the part of the Buyer/Debtor, to comply with the contractual obligations or further to renouncing the Loan, on the part of the Buyer/Debtor. Agreement on Accessing the Data of the Loan Reference Agency and Statement on the Processing of Personal Data Form also provided in Annex No. 2 to this Agreement, whereby the Buyer/Debtor grants Mogo/the Creditor with access to his/her records with the Loan Reference Agency and agrees with the processing of his/her personal data. Addendum for Extension Addendum to the Agreement, of which template is presented on the Website, whereby the Duration of the Loan is extended. Buyer/Debtor s Mailing Address Place of residence declared by the Buyer/Debtor and/or the present place of residence of the Buyer/Debtor, as made available to Mogo/the Creditor. Insurer Legal entity authorized according to the Romanian laws to conduct insurance activities, which insures the Vehicle. Customer Service Centre Department within the structure of Mogo/the Creditor that is responsible for the provision of Mogo/the Creditor s services. Loan Application Form presented on the Website, whereby the Buyer/Debtor applied for a Loan. Extension Fee Payment made to Mogo/the Creditor for extending the Duration of the Loan, of which amount is established and offered (proposed) to the Buyer/Debtor, by Mogo/the Creditor, in the form of a fixed-amount non-repayable individual fee. Mogo s Bank Account The bank account of Mogo/the Creditor, as specified in the Key Provisions or in the monthly payment statement delivered by Mogo/the Creditor to the Buyer/Debtor. Agreement The hire-purchase Agreement subject to ownership reservation clause, that is concluded between the Buyer/Debtor and Mogo/the Creditor, including all the annexes and Addenda thereto. Loan Portion of the Vehicle price, for which Mogo/the Creditor allows the Buyer/Debtor to defer payment for maturity dates that are subsequent to the signature of the Agreement hereunder. 1

6 Interest Remuneration for the finance facility, that is calculated for each maturity date and is applied to the portion of the Vehicle price that is not yet paid upon the respective maturity date, until the completion of the Agreement. Effective Annual Interest Rate (DAE) Interest rate calculated according to Government Emergency Ordinance No. 50/2010, as subsequently amended and supplemented and stipulated under the Key Provisions of the Agreement. For the calculation of the effective annual interest rate, it is assumed that the interest rate established initially is fixed throughout the duration of the Agreement; the payments shall be made monthly, according to the schedule. All costs incurred by Mogo for the execution of the Agreement are considered in the calculation. The additional payments, the extension fee, the penalties and the approval fee charged for Addenda to the Agreement, as specified in the Key Provisions of the Agreement, are not included in the calculation referred to above. Default Interest for Early Termination Interest rate applicable after the Loan Acceleration date, equal to the annual interest rate plus 2%, applied to the total outstanding amounts owed upon the Loan Acceleration date. Default Interest for Late Payment Default interest charged for failure to comply with the instalment payment schedule, equal to the interest rate plus 3% and applied to the outstanding amount of the principal (Vehicle price portion) for which the payment deadline agreed under the Payment Schedule was not complied with. Interest for Special Default Situations Interest rate applicable for failure to comply with the planned payment deadlines, when the Buyer/Debtor or his/her spouse is in one of the following situations: unemployment, salary cut by minimum 15% (fifteen per cent), death, but only insofar as the Buyer/Debtor has not accumulated outstanding contractual obligations until the occurrence of the situations referred to above. The Interest for Special Default Situations is equal to the interest rate plus 2%. Loan Extension Application Form. Form displayed on the Website, whereby the Buyer/Debtor applies for an extension of the Duration of the Loan. Form Confirming the Completion of the Agreement Form presented in Annex No. 5 to this Agreement, that is signed by the Parties at the end of the Agreement to ascertain the fulfilment of all obligations incumbent upon the Buyer/Debtor as per the Agreement hereunder and the transfer of ownership onto the Vehicle, as of right, from Mogo/the Creditor to the Buyer/Debtor. Renouncement Notification Form Form displayed on the Website, whereby the Buyer/Debtor notifies Mogo/the Creditor on the exercise of his/her right to renounce the Loan, within 14 (fourteen) days from the Agreement signature date. Vehicle Delivery-Receipt Form Form presented in Annex No. 4 to the Agreement, based on which the Vehicle is transferred by Mogo/the Creditor into the possession of the Buyer/Debtor, and also used to perform all formalities required for the registration of the Vehicle. Early Repayment Form Form made available on the Website, whereby the Buyer/Debtor requests Mogo/the Creditor for its acceptance on the early repayment of the Loan. 2

7 Payment Schedule Details on the payment of instalments for the Vehicle Price and for the payment of the interest rate, on each maturity date, as established between Parties upon the signature of the Agreement or as revised according to the provisions of the Agreement and presented in Annex No. 3 to this Agreement. Standard European Consumer Loan Information Standard Form approved in compliance with the Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008, used to provide the consumer with the most important information prior to the signature of the Agreement and to enable comparisons among the offers made by different lending services for the purpose of granting Loans, as transposed in Romania by Government Emergency Ordinance No. 50/2010, as subsequently amended and supplemented, and presented in Annex No. 1 to this Agreement. Periodic Technical Inspection of the Vehicle The periodic technical Inspection of the Vehicle to be conducted pursuant to Government Ordinance No. 81/2000 on technical norms for road safety and to Order No. 2133/2005 of the Minister of Transport, in its updated version. Mogo/the Creditor MOGO IFN S.A., a Romanian legal entity, having its registered office in Romania, Bucharest, District 4, 133 Calea Şerban Vodă, Central Business Park, building A, 2 nd floor, section A2.68., registered with Bucharest Trade Register under No. J40/5043/2016, tax identification code (CUI) RO and with the General Register of the National Bank of Romania under No. RG-PJR /09 November Notification on Loan Acceleration Notification issued by Mogo/the Creditor to enforce the Loan Acceleration onto the Buyer/Debtor. Loan Offer Loan conditions, such as they are indicated by Mogo/the Creditor in the Key Provisions. Party/Parties The Buyer/Debtor and Mogo/the Creditor. Duration of the Loan Period of time specified under the Key Provisions, during which the Buyer/Debtor must pay the instalments for the Vehicle Price, the interest, the applicable fees and the potential default interests. If the Loan term is extended or the Parties agree on another date for the payment of the Agreement instalments, the Duration of the Loan shall be extended accordingly; in this case, the Parties shall prepare a new Payment Schedule that will become integral part of the Agreement. Payments under the Agreement The payments made by the Buyer/Debtor to Mogo/the Creditor, that include the payment for the purchase of the Vehicle and the payment of the Loan facility granted by Mogo/the Creditor further to accepting the payment in instalments: the Agreement fees, the instalments for the Vehicle Price, the interests, the potential contractual penalties and other payments specified in the Agreement. Vehicle Price The price of the Vehicle, as specified in the Key Provisions, that the Buyer/Debtor owes to Mogo/the Creditor for the purchase of the Vehicle, including the value-added tax, if applicable, according to the laws in force in Romania. Key Provisions The first part of this Agreement. 3

8 General Provisions The second part of this Agreement. Interest rate The fixed interest rate specified in the Key Provisions, expressed as a monthly interest rate. Vehicle Price Instalments The monthly payments made by the Buyer/Debtor, to Mogo/the Creditor, on account of the Vehicle Price. RCA Mandatory motor vehicle liability insurance for the Vehicle. Customer Renouncement Form whereby the Buyer/Debtor renounces the benefit to the 15 (fifteen)-day information deadline on the Loan Offer, such as presented in Annex No. 2 to this Agreement. Total Amount Payable by the Buyer/Debtor The amount calculated upon the signature of the Agreement according to the legislation in force in Romania and consisting of the Vehicle purchase price and of all costs that the Buyer/Debtor shall pay in connection to the Agreement. Third Party Any individual who is not part of this Agreement. The Amount Owed for the Vehicle The amount of the Vehicle Price payable at a certain moment in time, which represents the difference between the Vehicle Price and the Vehicle instalments paid the Buyer/Debtor until that time. Hire-purchase Agreement subject to Ownership Reservation Clause Sale operation with the automated transfer of ownership upon the payment of the final instalment of the price, such as stated under Articles of the Civil Code of Romania. Vehicle The vehicle or boat (or several Vehicles and boats) mentioned in the Key Provisions, that Mogo/the Creditor sells to the Buyer/Debtor, at the instructions of the Buyer/Debtor, according to the provisions of the Agreement. Hereinafter and above in the text of the Agreement, the definition of the Vehicle shall be used both in relation to the Vehicle or boat taken separately, and also collectively. Website The website of Mogo/the Creditor, accessible at 2. Object of the Agreement 2.1 Sale of the Vehicle Upon the signature of this Agreement, Mogo/the Creditor sells to the Buyer/Debtor the unencumbered Vehicle identified under the Key Provisions. The Buyer/Debtor expressly states that he/she personally selected the Vehicle, that the vehicle fulfils all his/her requirements and presents the qualities expected by the Buyer/Debtor from the Vehicle and that he/she shall not hold Mogo/the Creditor liable for any malfunction or defect of the Vehicle, regardless of the nature thereof; for the sake of clarity, the Parties shall indicate the exact operating status of the Vehicle that is being sold in the Vehicle Delivery-Receipt Form Annex No The Agreement hereunder is subject to the provisions set out in Articles of the Civil Code. For this purpose, the full payment of the price, by the Buyer/Debtor, under this Vehicle hire-purchase Agreement, is guaranteed by an ownership 4

9 reservation clause onto the Vehicle, established in favour of Mogo/the Creditor. The ownership right onto the Vehicle shall transfer automatically onto the Buyer/Debtor upon the payment of the final instalment of the Vehicle Price Upon the signature of this Agreement, Mogo/the Creditor shall deliver the Vehicle to the Buyer/Debtor, along with all the rights and risks attached to it, but reserves the ownership right onto the Vehicle until receiving the final instalment of its Price. The Buyer/Debtor undertakes to accept the Vehicle based on this hire-purchase Agreement subject to ownership reservation clause in favour of Mogo/the Creditor and to make the payments under the Agreement according to the provisions thereof. To put aside all doubt, the risks attached to the Vehicle include the risk of Vehicle destruction, in full or in part, as a risk that is borne by the Buyer/Debtor who, in such a case, must pay all Vehicle Price instalments to Mogo/the Creditor, until the completion of the Agreement When the payments under the Agreement are made in full, for the purpose of certifying, in relation to third parties, the automated transfer of the ownership right onto the Vehicle, the Parties shall sign a Form Confirming the Completion of the Agreement according to the template provided in Annex No The Loan Upon the signature of this Agreement, the Buyer/Debtor shall pay the portion of the price referred to as advance payment under the Key Provisions, while the remainder of the price, also indicated in the Key Provisions, shall be paid in instalments, this facility being equivalent to a Loan granted by Mogo/the Creditor The Loan shall be repaid in monthly instalments and will be remunerated by Interest. The Loan instalments are presented in the Payments Schedule attached to this Agreement Annex No. 3 detailing the maturity dates, the principal and the interest payable on each due date. The payment of the remainder of the Vehicle Price is guaranteed under an ownership reservation clause in favour of Mogo/the Creditor and this right shall be recorded by Mogo/the Creditor in the Electronic Archive for Security Interests. 3. Formalities for Vehicle registration and for transferring the ownership right onto the Vehicle 3.1. Throughout the Duration of the Agreement, the Vehicle is registered to Mogo/the Creditor, as the owner of the Vehicle. Where the registration of the Vehicle to Mogo/the Creditor is not completed upon the signature of this Agreement, the Buyer/Debtor undertakes to make available the original documents of the Vehicle and its registration plates and to present the Vehicle to the Romanian Automobile Register for the performance of the authenticity inspection where such procedure is required by law for the purpose of registering the Vehicle to Mogo/the Creditor - within 3 (three) business days from the first request submitted in this respect by Mogo/the Creditor or its duly authorised representative; should the Buyer/Debtor fail to fulfil the obligation referred to above in due time, Mogo/the Creditor or its duly authorised representative shall immediately inform the Buyer/Debtor that he/she breached its Contractual obligation and is exposed to the risk of committing a criminal offence, namely to circulate on the public roads with invalid Vehicle documents and registration plates, and Mogo/the Creditor, through its legal representative, will make a statement in front of a notary public, confirming that the original documents of the Vehicle were lost and the Vehicle will be registered to its name based on the said statement, which will substitute the Vehicle documents in front of the competent authorities. 5

10 3.2. As soon as the Vehicle registration formalities are completed, Mogo/the Creditor, directly or through its authorised representative, undertakes to deliver the original registration certificate of the Vehicle directly to the Buyer/Debtor, using one of the following channels: a. Within 5 (five) business days from the completion of the Vehicle registration formalities, the Buyer/Debtor is called to come in person to the Customer Service Centre or to the working point of Mogo/the Creditor or to the working point of Mogo/the Creditor s authorised representative, for the purpose of performing the Vehicle registration formalities to its name; b. Delivery by postal or courier service, by Mogo/the Creditor or by the representative duly authorised by Mogo/the Creditor to perform the Vehicle registration formalities on its behalf, by letter with declared content, to the Mailing Address of the Buyer/Debtor, within 5 (five) business days from the completion of Vehicle registration formalities Until the payment of the final instalment of the Price, Mogo/the Creditor shall hold: a. A set of spare keys to the Vehicle, provided such provision is stated in the "Special Provisions" of the Key Provisions; b. The Vehicle Identity Card, in original Upon the successful completion of the Agreement, Mogo/the Creditor shall sign and release the Form Confirming the Completion of the Agreement, within 10 (ten) business days from the receipt of the payment corresponding to the final instalment of the Vehicle Price, thereby confirming that the Vehicle Price was paid in full and the ownership right was transferred onto the Buyer/Debtor. 4. Authority 4.1. Upon receiving the written request from the Buyer/Debtor, Mogo/the Creditor shall release a power of attorney to the Buyer/Debtor, required to the latter: a. to represent Mogo/the Creditor in front of the Insurer, including for disputes in connection to the use of the Vehicle; b. to drive and use the Vehicle outside the Romanian territory, provided that the Vehicle, upon the date of the request, has an adequate insurance and the Buyer/Debtor has fulfilled its obligations according to this Agreement; c. to have the Periodic Technical Inspections of the Vehicle performed, according to the law. In this case, the power of attorney shall be accompanied by a copy of the Vehicle Identity Card Mogo/the Creditor has the right to refuse the release of the power of attorney requested as per the paragraph 4.1 above, by sending a notification in this regard to the Buyer/Debtor. Mogo/the Creditor is under no obligation to justify the refusal to release such a power of attorney. 5. Amounts owed in regard to the Sale of the Vehicle 5.1 Vehicle Price The Vehicle Price is the price established under art. 2 of the Key Provisions The Vehicle Price shall be paid to Mogo/the Creditor as follows: 6

11 a. The Advance Payment, such as it is indicated under the Key Provisions, shall be paid by bank transfer to the bank account of Mogo/the Creditor, upon or until the Agreement signature date, or by offsetting against the amounts paid by the Buyer/Debtor to a third party, for the benefit of Mogo; b. The remainder of the price shall be paid in instalments, according to the Payment Schedule. 5.2 Taxes Where, for the registration of the Vehicle to Mogo/the Creditor, as required to reserve the ownership right and as a guarantee for the full payment of the Price instalments, Mogo/the Creditor is liable to pay the environmental stamp duty or any other form of ecological tax regulated under the Romanian legislation, the amount of such tax shall be included in the Vehicle Price at the very outset of the Agreement. VAT will be added to the amount referred to above, according to the legal provisions in force The local taxes levied onto the Vehicle and payable by Mogo/the Creditor, as the lawful owner of the Vehicle, to the local budget throughout the Duration of the Agreement, and also until the end of the calendar year when the Agreement expires, shall be reinvoiced yearly to the Buyer/Debtor, as an adjustment to the Vehicle Price. VAT will be added to this amount, according to the legal provisions in force The annual adjustment of the Vehicle Price with the local tax owed by the Vehicle owner shall be paid by the Buyer/Debtor within 5 (five) business days from the receipt of the invoice reflecting the price adjustment Where the Buyer/Debtor uses the Vehicle on national roads, which implies the payment of the vignette or of other specific taxes charged for the use of certain public roads segments, he/she shall bear the direct, full and exclusive responsibility for such payments, by virtue of having committed, upon the signature of the Agreement, to all risks connected to the use of the Vehicle; should the Buyer/Debtor infringe such obligation, therefore causing that fines be imposed onto Mogo/the Creditor, as the legal and registered owner of the Vehicle, Mogo/the Creditor shall re-invoice to the Buyer/Debtor both the amount of unpaid road taxes, and the amount of the fines, in the form of an adjustment to the Vehicle Price. VAT will be added to this amount, according to the legal provisions in force. The Buyer/Debtor must pay immediately the fines and the amount of taxes that are re-invoiced as shown above. 5.3 Insurance Pursuant to the applicable legal provisions, the obligation to make sure that the Vehicle is covered by the motor vehicle liability insurance (RCA), throughout the Duration of the Agreement, is primarily incumbent upon the Vehicle owner, namely upon Mogo/the Creditor. However, considering that under the Agreement hereunder and according to the provisions stated under art of the Civil Code of Romania, the Buyer/Debtor takes over the obligations deriving from the use of the Vehicle starting with the Agreement signature date, the Buyer/Debtor undertakes to conclude and renew the RCA insurance of the Vehicle according to the legal requirements, throughout the Duration of the Agreement. In this respect, Mogo/the Creditor shall remind the Buyer/Debtor to fulfil this obligation, as follows: by a first Notification, sent 30 (thirty) days prior to the expiry of the insurance policy and by a second Notification, sent 10 (ten) days prior to the expiry of the insurance policy. Where the Buyer/Debtor fails to present Mogo/the Creditor with the proof on the renewed insurance, within at least 3 business days prior to the expiry of the former RCA policy, then the insurance will be renewed by Mogo/the Creditor and the related costs will be re-invoiced by Mogo/the Creditor to the Buyer/Debtor (plus VAT, if applicable according to the legal provisions). 7

12 The Buyer/Debtor must comply with the provisions stated under the mandatory vehicle liability insurance In case of damage, destruction, theft or robbery onto the Vehicle, the Buyer/Debtor shall notify Mogo/the Creditor, in writing or through other communication instruments ( , phone etc.) within 1 (one) business day from the occurrence of such events In case of receiving an insurance indemnity, Mogo/the Creditor shall use such indemnity primarily to cover the obligations incumbent onto the Buyer/Debtor. Where the received insurance indemnity is insufficient to cover the Buyer/Debtor s obligations deriving from the Agreement, the Buyer/Debtor shall pay the difference to Mogo/the Creditor within 5 (five) business days from the receipt of the indemnity Should the Vehicle incur damage and no insurance indemnity be received, the Buyer/Debtor shall repair the Vehicle at its own expense and shall continue to make the Payments under the Agreement Should the insurance indemnity exceed the total amount of the Buyer/Debtor s amounts payable under this Agreement, Mogo/the Creditor shall pay the difference so resulted to the Buyer/Debtor, provided the Buyer/Debtor records no amounts payable deriving from other Agreements concluded between Mogo/the Creditor and the Buyer/Debtor. Where the Buyer/Debtor has amounts payable derived from other Agreements concluded with Mogo/the Creditor, the difference shall be used to cover such amounts Should there be no insurance indemnity payment in case of destruction, theft or robbery onto the Vehicle and the Insurer sent a Notification in this respect, the Buyer/Debtor shall pay Mogo/the Creditor the Amount Owed for the Vehicle as well as the other payments, calculated according to the provisions of the Agreement, within 15 (fifteen) business days from the Insurer s refusal to pay the indemnity The disagreements on the refusal to pay the indemnity or on the amount thereof shall not relieve the Buyer/Debtor of its contractual obligations Where needed, the Buyer/Debtor will represent Mogo/the Creditor in its litigations with the Insurer on issues related to the payment of the indemnity or the value thereof, based on a power of attorney. 5.4 Other Vehicle-related Costs All costs related to the Vehicle repossession, including, but not limited to: the cost for Vehicle transportation and storage, the fees of enforcement officers and other third representatives of Mogo, who are involved in such procedures, etc., shall be fully borne by the Buyer/Debtor in all cases where Mogo/the Creditor makes use of its right to repossess the Vehicle, according to the provisions of the Agreement All costs connected to the release of powers of attorney, including the Apostille costs, where applicable, shall be borne by the Buyer/Debtor The cost of notary fees, charged for the statement that Mogo/the Creditor shall make in front of the notary public, pursuant to paragraph 3.1. above shall be re-invoiced by Mogo/the Creditor to the Buyer/Debtor. 6. Amounts owed in regard to the Loan 6.1 Interest The Buyer/Debtor shall pay to Mogo/the Creditor the Interest for the owed Loan, for the entire Duration of the Agreement The Interest shall be calculated based on the assumption that the calendar year comprises 360 days Mogo/the Creditor shall calculate the Interest based on the Interest Rate. The Interest Rate shall be expressed as a fixed-amount monthly interest. 8

13 The Effective Annual Interest Rate ( DAE ) is indicated in the Key Provisions The Buyer/Debtor confirms all assumptions and consequences of the DAE calculation and accepts that the value of the DAE and of the total costs of the Loan are indicative in nature, being calculated for orientation purposes, considering a unique interest throughout the contractual period, that the interests, fees and penalties indicated under the Key Provisions shall stay unchanged, and that the Parties shall comply in full with all obligations incumbent thereupon. 6.2 Loan-related Fees The fee indicated in the Key Provisions for the Loan Application processing and for the solvency analysis in regard to the Buyer/Debtor, shall be paid upon the Agreement signature date, by bank transfer to the bank account of Mogo/the Creditor or by offsetting against amounts paid to a third party, to the benefit of Mogo A Loan management fee shall be charged annually for keeping the records on the Loan granted to the Buyer/Debtor, and such fee shall be paid within 15 (fifteen) days from the signature of this Agreement and, respectively, upon each anniversary of the Agreement For the early payment of the Loan, Mogo/the Creditor is entitled to compensation fees, as follows: a. 1% of the value of the early repayment, where the time interval between the repayment date and the Agreement expiry date exceeds 1 (one) year; b. 0.5% the value of the early repayment, where the time interval between the repayment date and the Agreement expiry date is of maximum 1 (one) year For accepting an extension to the Duration of the Loan, upon the request of the Buyer/Debtor, Mogo/the Creditor is entitled to an Extension Fee charged as a fixed amount, as specified in the Key Provisions, to be paid immediately upon the acceptance of the extension of the Agreement. 6.3 Default interests For failure to comply with the maturity date of a payment, the Buyer/Debtor shall pay the Default Interest for Late Payment, covering the time interval between the maturity date and the effective payment date. The amount of the Default Interest for Late Payment cannot exceed the outstanding amount of the principal Where the Loan is accelerated, the Buyer/Debtor shall pay the Default Interest for Early Termination, covering the time interval between the acceleration date and the effective payment date The Default Interest for Late Payment and the Default Interest for Early Termination (hereinafter collectively referred to as the Default Interests ) shall be calculated based on the assumption that the calendar year comprises 360 days No default interest may be applied subsequent to the start of the enforcement procedures The Default Interests are owed automatically to Mogo/the Creditor, with no other prior formality being required. The right to apply the Default Interest for Late Payment and to request the payment thereof by the Buyer/Debtor is applicable from the very day on which the Buyer/Debtor fails to comply with is/her payment obligation. 9

14 6.4 Interest for Special Default Situations The Interest for Special Default Situations shall apply where the Buyer/Debtor or his/her spouse fails to comply with the planned payment deadlines, as established under this Agreement, due to the occurrence of one of the following situations: unemployment, salary cut by minimum 15 % (fifteen per cent), and death. The said interest shall apply until the cessation of the event that triggered the income reduction, but not for more than 12 (twelve) months. In case of death, the interest shall apply for a period of minimum 6 (six) months. 7. Payments under the Agreement 7.1. The Buyer/Debtor undertakes to make the Payments under the Agreement (both the payment of Vehicle Price instalments and the payment of the Interest) upon the maturity dates, in the amount and currency specified under the Payment Schedule of this Agreement. Mogo/the Creditor shall prepare and deliver to the Buyer/Debtor, at the address indicated by the Buyer/Debtor in the Loan Application, monthly account statements on the Payments made under the Agreement, in electronic format, as documents that are valid without signature and stamp. Where the Parties agree, a new Payment Schedule may be established, whereby a different sequence is set in regard to the payment deadlines set out for the Payments under the Agreement Any amendment to the Agreement-related costs shall be communicated to the Buyer/Debtor, minimum 30 (thirty) days prior to the enforcement of such amendment, while the Buyer/Debtor shall benefit of a 15 (fifteen)-day interval to express its option; in default of a consent from the Buyer/Debtor, no Agreement-related cost shall be amended. The minimum time intervals specified above shall not apply when the Buyer/Debtor requests amendments to the Agreement that entail changes in the cost, for example requests for extending the Duration of the Loan or for changes in the instalments The Buyer/Debtor shall pay the Vehicle Price instalments by bank transfer, to the bank account of Mogo/the Creditor When making bank transfer payments under the Agreement, the Buyer/Debtor shall indicate the Agreement number under the payment description section Where the payment made by the Buyer/Debtor is not compliant with the provisions set out under paragraph 7.4 above, Mogo/the Creditor has the right to consider those payments as uncollected until the correct identification and assignment of the payment, and Mogo/the Creditor is relieved of any liability for any inconvenient that the Buyer/Debtor could incur in such circumstances. Upon the occurrence of circumstances referred to under this paragraph, Mogo/the Creditor shall inform the Buyer/Debtor thereof, using the communication channels specified under paragraph 13 of these General Provisions The Buyer/Debtor has the right to early payment in full or in part in regard to the Amount Owed for the Vehicle, prior to the completion of the Duration of the Agreement, by sending a 3 (three)-day prior notice to Mogo/the Creditor and in compliance with the provisions of paragraph of these General Provisions Where the payment date under the Agreement coincides with weekend days or legal holydays, the payment shall be made until the immediately preceding business day Where, during the Duration of the Agreement, new fees, taxes or other obligations or laws and/or administrative decisions come into force, that result in additional amounts to be paid by Mogo/the Creditor in connection to the Agreement or to the Vehicle, or in the reduction of payments in connection to the Agreement or to the Vehicle, Mogo/the Creditor is entitled to increase or reduce accordingly the Payments under the Agreement, based on a 30 (thirty)-day prior Notice to the Buyer/Debtor, by sending the relevant monthly payment 10

15 statements or the new Payment Schedule, that will be comprised in an Addendum to the Agreement; such Addendum shall comprise solely the amendments required further to the changes of the legal framework and/or further to the entry into force of new administrative decisions. 8. The right to renounce the Loan 8.1. The Buyer/Debtor has the right to renounce the Loan granted under this Agreement, within 14 (fourteen) days from the signature of the Agreement, with no motivation being required for the renouncement. In this case, the sale of the Vehicle, by Mogo/the Creditor shall no longer take place as a hire-purchase operation (in instalments) and the Buyer/Debtor shall pay the full price of the Vehicle upon the Loan renouncement date Where the Vehicle Price is not paid in full upon the Loan renouncement date, Mogo/the Creditor has the right to retain all payments made by the Buyer/Debtor under the Agreement until the renouncement date, as penalty for the prejudice caused by the Buyer/Debtor. Furthermore, Mogo/the Creditor has the right to immediately initiate the enforcement procedures, including by taking over the Vehicle from the Buyer/Debtor for capitalisation purposes, so as to recover the Vehicle Price The Buyer/Debtor shall notify Mogo/the Creditor, in writing, on the use of its right to renounce the Loan, in person, by submitting the Renouncement Notification Form, or by mailing the filled-out and signed Renouncement Notification Form to Mogo/the Creditor, to the registered office of Mogo/the Creditor or by , provided that the Notification is sent prior to the expiry of the 14-day deadline. The use of the Loan renouncement right is effective as of the date when the Renouncement Notification Form is sent If the Agreement is concluded at the Customer Service Centre, the Buyer/Debtor shall receive the Renouncement Notification Form upon the signature of the Agreement. If the Agreement is communicated by remote channels, i.e. Website, the Renouncement Notification Form may be downloaded from the Mogo website The Buyer/Debtor must repay the Amount Owed for the Vehicle to Mogo/the Creditor, within maximum 30 (thirty) days from the delivery of the notification on the use of the Loan renouncement right. The Buyer/Debtor may see the exact amount to be paid by using his/her user account on the Website or by sending a request to Mogo/the Creditor, asking for the exact amount owed upon the time of the said request Should the right to renounce the Loan be used, the fee charged to examine the Buyer/Debtor s Loan application file will be refunded. The non-reimbursable taxes paid by Mogo/the Creditor to the public administration in connection with the Agreement, if any, shall not be refunded by Mogo/the Creditor to the Buyer/Debtor. The Buyer/Debtor shall bear all costs associated to the Amount Owed for the Vehicle and shall pay the accrued interests to Mogo/the Creditor Where the renouncement right has not been used during the time interval specified under paragraph 8.1 above, the Buyer/Debtor has no right to renounce the Loan Agreement, even if the Buyer/Debtor paid the losses incurred by Mogo/the Creditor. 9. Extending the Duration of the Loan 9.1. The Buyer/Debtor has the right to propose the extension of the Duration of the Loan, (i) by filling-out an Application Form for Extending the Duration of the Loan, at the Customer Service Centre, or (ii) by sending the Application Form for Extending the Duration of the Loan, from the Buyer/Debtor s address, as specified in the Loan Application, to Mogo/the Creditor s address, as specified in the Agreement or on the Website. 11

16 9.2. As soon as the Application Form for Extending the Duration of the Loan is examined and received by Mogo/the Creditor, Mogo/the Creditor shall decide on the extension of the Loan and on the Extension Fee and shall notify the Buyer/Debtor thereof, in person or by using one of the communication channels set out under the sub-sections of paragraph 13 of the General Provisions No later than 3 (three) business days from the Notification of the Buyer/Debtor on the decision taken by Mogo/the Creditor on the extension of the Duration of the Loan and on establishing the Extension Fee, the Buyer/Debtor shall confirm the extension by paying the Extension Fee to the bank account of Mogo/the Creditor, from a bank account of the Buyer/Debtor, opened with a Romanian credit institution, indicating the Agreement number in the payment description section. If Mogo/the Creditor does not collect the Extension Fee from the Buyer/Debtor during the time interval specified under this paragraph, the decision on the extension of the Duration of the Loan and on establishing the amount of the Extension Fee shall be cancelled and the Buyer/Debtor shall submit another application for extending the Duration of the Loan Mogo/the Creditor has the right to reject the extension of the Duration of the Loan by a simple Notification to the Buyer/Debtor. Mogo/the Creditor is under no obligation to motivate its refusal on extending the Duration of the Loan The extension of the Duration of the Loan shall be effective after the release of the decision approving the extension and establishing the Extension Fee and subsequent to the effective collection of the Extension Fee, by Mogo/the Creditor Once the extension of the Duration of the Loan becomes effective, Mogo/the Creditor shall provide the Buyer/Debtor with the new Payment Schedule and the Parties shall sign the Addendum for Extension The Addendum for Extension shall be sent to the Buyer/Debtor in electronic format, and the Buyer/Debtor shall return it signed or shall sign it at the Customer Service Centre of Mogo/the Creditor, no later than 10 (ten) days from the receipt thereof Where the Addendum for Extension is not returned with the signature of the Buyer/Debtor, within the timeframe stated under paragraph 9.7 above, the extension shall no longer apply. 10. Rights, obligations and statements of the Buyer/Debtor 10.1 Rights and obligations of the Buyer/Debtor According to Article 1755 of the Civil Code, the payment obligations incumbent upon the Buyer/Debtor are guaranteed under the ownership reservation clause established in favour of Mogo/the Creditor, while the Buyer/Debtor acquires the ownership onto the Vehicle upon the payment of the final instalment of the Vehicle Price, confirmed by the fulfilment of the formality stated under paragraph 3.4 of the General Provisions. The risk onto the Vehicle is transferred to the Buyer/Debtor starting with the signature of the Agreement, for the entire Duration of the Agreement The Buyer/Debtor shall take the measures necessary to settle all disputes in regard to the Vehicle, to prevent all malfunctions and imperfections of the Vehicle, and also measures against third parties, where such parties cause losses to the detriment of Mogo/the Creditor s property further to destruction of the Vehicle or its illegal use. For the fulfilment of these obligations, the Buyer/Debtor will receive a power of attorney, according to paragraph 4.1 of the General Provisions The Buyer/Debtor must use the Vehicle with precaution, according to its intended use and technical features, in line with the producer s and Mogo/the Creditor s use and operation requirements, but also in compliance with the Vehicle s technical documentation. 12

17 The Buyer/Debtor shall be entitled to receive the required power of attorney and copies of the relevant documents, according to the Conditions stated under paragraph 4.1 above The Buyer/Debtor must perform the Periodic Technical Inspection according to the legal provisions applicable in Romania. Where the technical status of the Vehicle or of the equipment thereof is found to be non-compliant during the inspection, the Buyer/Debtor shall remove all malfunctions no later than 30 (thirty) days from the inspection, at its own expense, and shall repeat the inspection. Where the Buyer/Debtor fails to perform the technical inspection according to the established deadlines or fails to remove the identified malfunctions and re-perform the inspection within 30 (thirty) days from the technical inspection, so as to obtain the legal right to participate in the road traffic, Mogo/the Creditor has the right, by a written Notification, to invoke the Loan Acceleration on an unilateral basis The Buyer/Debtor has no right to alienate, pledge or otherwise encumber the Vehicle or parts thereof The Buyer/Debtor has no right to give the Vehicle for use by a third party, unless it obtained the prior written consent from Mogo/the Creditor. Under the meaning of this paragraph, third party shall not be deemed to be the spouse, children of age and parents of the Buyer/Debtor. When assigning the use of Vehicle to the persons specified in this paragraph, the Buyer/Debtor shall be liable for the fulfilment, by such users, of the obligations set out by the Romanian laws for the driver, user, holder or owner, and the Buyer/Debtor shall continue to hold the final and full responsibility, in its relation with Mogo/the Creditor, for compliance with the provisions set out under the Agreement The Buyer/Debtor shall pay all additional payments and the other costs related to the registration of the Vehicle, such as they are specified under the Key Provisions, including the insurance costs as well as any other taxes and fees stipulated by the Romanian laws for the use of the Vehicle. The Buyer/Debtor must pay any other administrative penalties, fines or other payments in connection with the use of the Vehicle, according to the legal timeframes established for such payments, and to make any other payments that are mandatory for the driver, user, holder or owner of the Vehicle The Buyer/Debtor has no right to modify and improve the technical package of the Vehicle, where such interventions contravene the technical documentation of the Vehicle or the requirements established by the Romanian law, or where such interventions cannot be removed without deteriorating the Vehicle, unless a prior written consent was obtained from Mogo/the Creditor. Any improvements (equipment and parts) brought to the Vehicle and which cannot be removed without deteriorating the Vehicle shall automatically become the property of Mogo/the Creditor, if the latter takes possession of the Vehicle The Buyer/Debtor must keep the technical documentation, guarantee and the documentation of the Vehicle, as received upon the start of the Agreement, throughout the Duration of the Agreement. In the event of documents being lost, the Buyer/Debtor shall take the measures required to recover the documents or to obtain duplicates thereof Upon the request of Mogo/the Creditor, the Buyer/Debtor must present Mogo/the Creditor and/or its authorised representatives with the documents on Vehicle use and insurance, within 3 (three) business days Where Mogo/the Creditor has suspicions on a possible infringement of obligations on the part of the Buyer/Debtor, the Buyer/Debtor must bring in the Vehicle within 3 (three) days from the request made by Mogo/the Creditor and provide Mogo/the Creditor and/or its authorised representatives with the possibility to check the status of the Vehicle The restrictions imposed on the use of the Vehicle, in full or in part, further to the damage, loss or total destruction, the disputes in regard to the Vehicle, as 13

18 well as the disputes with the Insurer, do not relieve the Buyer/Debtor of the obligation to fulfil its contractual commitments The Buyer/Debtor is obliged to deliver at once the Vehicle to Mogo/the Creditor, with the manufacturer s endowments and equipment (including the keys of the Vehicle), in the situations specified under the Agreement, upon the first request of the latter. For the delayed delivery of the Vehicle, with the manufacturer s endowments and equipment, the Buyer/Debtor shall pay to Mogo/the Creditor a penalty of 2% (two per cent) of the Amount Owed for the Vehicle, for each day of delay, but not more than the Amount Owed for the Vehicle. Upon delivery to Mogo/the Creditor, the Vehicle shall have all the manufacturer s endowments and equipment and shall not present malfunctions or defects that are not attributable to the normal wear and tear of the Vehicle for the elapsed time of the Agreement. Otherwise, the Buyer/Debtor shall be obliged to cover the costs of repairs and other material costs incurred for restoring the Vehicle to the initial condition upon its delivery, within 3 (three) business days from the request of Mogo/the Creditor The Buyer/Debtor agrees that Mogo/the Creditor, in the cases specified in the Agreement, has the right to take possession onto the Vehicle, initiating the enforcement procedures The Buyer/Debtor shall inform Mogo/the Creditor in writing, without delay, but no later than 5 (five) days, when: i. The Vehicle is lost, destroyed, seized or the possibility of such circumstances becomes apparent; ii. The registration number of the Vehicle is changed; iii. The technical documentation and/or other Vehicle documents were lost; iv. The Vehicle becomes subject to any type of interdiction; v. The decision taken by the competent authority on the Buyer/Debtor s insolvency becomes effective; vi. The financial situation of the Buyer/Debtor is subject to a negative change and/or his/her civil competence is restricted The Buyer/Debtor must inform Mogo/the Creditor in writing, without delay, but no later than 5 (five) business days from the manifestation of the event, of changes occurred in regard to his/her name, address, address, telephone number or other contact information. Otherwise, all communications of Mogo/the Creditor to the Buyer/Debtor, using the known name, address, address, telephone number or the other contact information, shall be deemed as validly and legally performed The Buyer/Debtor shall notify Mogo/the Creditor on the submission of the Buyer/Debtor s insolvency application to the competent body, within 1 (one) business day from the submission of the application The Buyer/Debtor undertakes to unconditionally fulfil the obligations incumbent upon him/her under the Agreement and connected to the execution thereof, considering the provisions of Article 1755 of the Civil Code, assuming the risk of delay and the random risk. The Buyer/Debtor shall assume the random risk not only in cases where the Buyer/Debtor operates in contradiction with the law or with the contractual provisions Throughout the Duration of the Agreement, the Buyer/Debtor must use solely the safest possible communication means and electronic data transfer equipment The Buyer/Debtor have the right to the early repayment of the Amount Owed for the Vehicle. The exact amount to be repaid can be identified using the Buyer/Debtor s Website user account or by contacting Mogo/the Creditor by , phone or fax. In such a situation, Mogo/the Creditor has the right to the compensation mentioned under paragraph of the General Provisions. 14