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1 As from 1 February 2015, Bank will not offer credit limits on corporate settlement accounts. To credit limits set before 1 February 2015 the regulations below shall apply. 2.6.Regulations for maintaining credit limits on current accounts of corporate customers LOAN TYPE CREDIT LIMIT ON CURRENT ACCOUNT FOR CORPORATE CUSTOMERS (LEGAL ENTITY RL RESIDENT) The Credit limit (hereinafter the Limit) is offered for increasing the floating assets and conduction of the Customer s payments within such Limit. The Technical and economic reasoning for the Limit financing of the current activities. The Bank notifies the Customer of the Limit amount in writing via the Bank s communication channels chosen by the Customer in the Application form for opening and maintenance of account. The Bank services the Customer s Limit, which includes execution of his payments above the balance on the Customer s account when there are available funds within the Limit by debiting the current account The Limit is provided in exchange to the Customer s liability to repay the used part of the Limit (hereinafter the Loan), pay interest and remuneration. The Bank sets the overdraft Limit for each operating day. If the Bank unilaterally decreases the Limit, the Customer must repay the difference between the actual debt and the new Limit amount not later than the day stated in the Bank s notification sent to the Customer in writing via the Bank s communication channels chosen by the Customer in the Application form for opening and maintenance of account; otherwise the monetary liability shall be deemed violated and said difference between the actual debt and the new Limit shall be deemed delayed as of the day stated in the notification The Bank terminates payment of the Customer s settlement documents at the expense of the Limit: in case of incoming settlement documents for enforce debiting (collection) of funds from the Customer s account; in case of arrest of the Customer s funds; in case of suspension of expense transactions on the Customer s account; in case of restriction of transactions on the Customer s account. Further relations of the Parties are regulated individually. Resumption of payments according to the Customer s payment documents at the expense of the Limit is only possible after release of arrest or after execution (repayment) of the payment claim, or after expiry of the suspended transactions on the account The Limit is an amount of funds within which the Bank pays the Customer s settlement documents exceeding his current account balance. The Limit is calculated according to an internal methodology approved at the Bank based on the data about cash flow on the current account, solvency, credit history, and other indexes in accordance with legal acts of the Republic of Latvia The Limit can be changed by the Bank unilaterally in case of change to incoming funds on the current account or due to other factors. By signing the Agreement the Customer expresses his consent to the fact that the Bank will change the Limit unilaterally with notice to the Customer in writing via the Bank s communication channels chosen by the Customer in the Application form for opening and maintenance of account (RL residents).

2 Execution of the Customer s payments as part of Limit maintenance is ensured by the Bank for one year after granting the Limit. If the Customer violates any liabilities, the Bank may, at its discretion, change the crediting terms setting a different Limit repayment term. In case of due fulfilment of the Customer s liabilities provided by this agreement and in case of no objections one month before expiry of the Limit service period, execution of the Customer s payments under service of the Limit may be extended by the Bank for the same term. The Bank may also change the term according to paragraph of these Regulations if the Customer violates any of Loan liabilities; in this case, the Bank may, at its discretion, establish a different Loan repayment term starting with the 91st day of violation of any liability. Besides, the Bank sends the Customer a notice stating the Loan repayment date in writing via the Bank s communication channels chosen by the Customer in the Application form for opening and maintenance of account. If the debt is not repaid within the term specified in the notice, it shall be deemed delayed as of the day following the date specified in the notice The Bank executes the Customer s payments in the manner set in these Regulations until the date set in accordance with paragraph of these Regulations The uninterrupted Loan use period is a time period during which the Customer used the Loan constantly. The uninterrupted Loan use period cannot exceed 35 days. The start of the uninterrupted Loan use period is the day from which the Customer s outstanding Loan debt continually existed upon closing of the banking day. During this period, decrease or increase of the Loan debt shall not change the start of the uninterrupted Loan use period and/or uninterrupted Loan use. The end date of the uninterrupted Loan use is the day after which the Loan debt was repaid To calculate interest for Loan use, a differentiated interest rate is used. The interest rate on the calculation depends on existence of an outstanding Loan balance. The Bank can change the interest rate as described in these Regulations If the Customer violates of their monetary liabilities, the Customer shall pay the Bank interest for use of the Loan on the outstanding debt in the amount specified in these Regulations The Customer certifies that: they have submitted all available documents regarding the Customer manager s and other bodies authorities to receive the Limit, absence of creditors claims regarding the Customer s bankruptcy. The Customer s manager shall bear the entire responsibility for submitting documents required to confirm the authorities to obtain the limit to the Bank RIGHTS AND LIABILITIES OF PARTIES The Bank: Services the Limit on the Customer s current account as described in these Regulations In case of free financial resources and absence of documents for enforced writing off (deduction) of funds from the Customer s current account, the Bank executes the Customer s payments above their funds on the current account based on their payment orders within the Limit set in clause of these

3 Regulations and terms described in clauses and , as well as once the Customer has met the requirements specified in clause The Bank undertakes issue of the Loan or part thereof on the day when the Customer submitted the Bank payment orders for use of the Loan in the amounts specified therein as described in clause Conducts maintenance of the Limit on the Customer s current account in the following procedure: When the Customer submits payment orders to the Bank during the Operating day and when there are no funds on the Customer s current account, the Bank executes them in accordance with these Regulations within the Limit. Operating day a part of the Bank s business day when Customers settlement documents are accepted and, where technically possible, they can be processed, transferred, and executed As a result of the transactions executed on the Customer s current account within a banking day, before closing the banking day: - a credit saldo can be created on the Customer s current account (if incoming funds on the current account exceed deductions from the current account according to the Customer s settlement documents considering the starting balance at the beginning of the banking day). Banking day is a business day when the Bank is open for monetary funds transactions and when the Bank carries out banking transactions, including crediting incoming funds to the Customer s current account When closing the banking day, the actually spent Limit amount is the Loan amount the Customer used on that day Debt on the interest calculated according to clauses , is covered first hand from incoming funds on the Customer s current account. The incoming funds on the Customer s current account automatically decrease the used Loan amount. If there are no incoming funds on the Customer s current account, interest calculated according to clauses , shall not be repaid from the unused Limit balance. Outstanding interest shall be transferred to overdue interest accounts and the available unused Limit balance may be blocked. After repayment of the interest debt, the Bank shall execute the Customer s payment orders submitted during the day within the unused Limit balance Controls fulfilment of Loan provisions, use thereof according to the purpose, timely and full repayment of the Loan The Customer: uses the Limit for purposes stated in clause hereof pays interest for the entire period of actual use of the Loan according to clauses , , repays the Loan received within the preset Limit not later than expiry of the period of uninterrupted use of the Loan specified in clause

4 to repay the difference between the Loan debt and the newly set Limit according to clause in case the Loan debt exceeds the newly set Limit within one operating day when the difference occurred. Repayment of this difference is deemed to be Loan repayment Repays the Loan within the terms specified in clause , Notifies the Bank in writing regarding circumstances that certify rights and claims of third parties against the guarantor within 3 (three) days when said circumstances have become known to the Customer Pays the Bank remuneration regarding clause , , Instructs the Bank to write off funds from all of their accounts (both those that were opened before the Bank started servicing the Customer s Limit and those opened after that) in the Loan currency to repay the Loan liabilities, interest for use thereof, as well as from all their accounts to fulfil the duty to pay remuneration to the Bank within the amounts payable to the Bank under these Regulations Upon the Bank s request, submits to the Bank financial information (the balance sheet, financial performance report, cash flow report, capital report, notes to the reports in the amount set in the legislation for respective reporting period for respective economic activity, as well as total incoming funds on the Customer s owned accounts for the past three months by month), as well as other information, including on the property owned by the Customer on the property title or full economic maintenance ground Upon the Bank s request, in any form at the Customer s choice, informs the Bank of use of the Loan to the purpose Provides conditions for the Bank to conduct revisions on accounting, operating, and warehouse balances, use of the Loan to the purpose, its collateral and timely repayment If court protection proceedings, the Customer s insolvency proceedings, or the Customer s bankruptcy or liquidation proceedings were initiated, as well as if other court rulings take effect regarding collection of funds from the Customer s current account or other claims against their property and circumstances proving that the Loan issued to the Customer would not be repaid on time, the Customer shall notify the Bank thereof within three days as of receipt of such information In case of the Bank s respective claim, the Customer undertakes to properly draft guarantee agreement(s) to ensure fulfilment of the Loan liabilities and to provide other documents. By proper drafting of guarantee agreement(s) the parties understand signature of guarantee agreement(s) by the Customer and/or other guarantors that are founders (participants) and/or the Customer s officials, a certification of the notary public (upon agreement of the parties or according to legal acts of the RL), or another collateral subject registration procedure provided for by the RL legislation The Customer undertakes to notify the Bank in writing or disagreement to the Bank s offered Limit according to clause within 5 (five) banking days

5 after a notice was received from the Bank regarding the Limit recalculation. If the Bank does not receive from the Customer a written agreement or disagreement with the amount of the Bank s offered Limit obtained from such recalculation, the Bank may, at its discretion, continue service under the newly set Limit or terminate service of the Limit on the Customer s current account and the Bank notifies the Customer thereof 3 (three) business days prior to termination of crediting Based on justifying documents submitted by the Bank, reimburse the Bank s costs/losses resulting from Loan recovery and from payment for services rendered in order to execute the Bank s rights under the Loan, as well as under guarantee agreements, etc., which were signed in order to ensure fulfilment of the Customer s Loan liabilities. Services described in this clause include: delivery of collateral to the place of storage; storage of collateral; services related to sale of collateral; representation of the Bank s interests in court and in dealings with third parties, etc. The Customer undertakes to reimburse the Bank in full costs related to legal assistance of legal firms, advocates, other persons (when inviting them to represent the Bank s interests) related to consideration of disputes regarding the Loan in courts of all instances, including appeals and cassation, as well as at all companies, organisations of all ownerships forms, public and municipal authorities. All reimbursement amounts shall be paid within the term specified in the Bank s written claim and/or as described in clause Upon the Bank s request but at least once in 6 months provides the Bank with financial information (financial reporting provided for by the RL legislation for respective reporting periods), as well as other information upon the Bank s request, including on the property owned according to the property title or full economic maintenance. Documents submitted on behalf of the Customer should be signed by authorised persons of the Customer The Bank is entitled: The Parties have agreed that the Bank can increase the interest rate for use of the Loan unilaterally with a warning to the Customer at least 10 (ten) calendar days prior to the new rate taking effect via the communication tools the Customer specified in the application for legal entities (RL residents). If the Customer does not submit a rejection of the granted Limit prior to such amendments take effect, the Bank and the Customer consider that the Customer accepted said amendments and agrees with them To recalculate the Limit at least once a month according to clause hereof. By signing this Agreement the Customer expresses their written consent that if the amount received after a regular Limit recalculation is changed, the Bank may unilaterally amend the Limit unilaterally with a notice to the Customer The Bank may reject granting a Limit or a part thereof to the Customer in case of a complete or partial failure to repay the Loan debt upon expiry of uninterrupted use of the Loan period as provided by clause , and in case of violation of

6 provisions of clause The notice is sent by the Bank. The Bank may resume maintenance of the Limit on the Customer s current account in case of full repayment of the delayed debt. In this case, the interest rate for use of the Limit is set according to the Bank s Pricelist as of resuming the crediting The Bank may, at its discretion and upon occurrence of any of the following events: receipt of the Customer s objections to the increase of the interest rate for use of the Loan, change of regularity of Loan instalment payment; receipt of the Customer s objections to changes to the Limit; the Customer violated any of liabilities under these Regulations, including violation of use of the Limit to the purpose; the guarantors violated liabilities under the guarantees agreements signed to ensure fulfilment of their Loan liabilities; the Customer s bankruptcy proceedings are initiated, the Customer s insolvency proceedings are announced, the owner or a competent authority decides on liquidating the Customer; the Bank has no available free funds and the Bank notifies the Customer via the communication tools the Customer specified in the application for legal entities (RL residents); court rulings take legal effect regarding recovery of funds from the Customer s current account; arrest on the Customer s current accounts; presence of payment requirements related to enforced collection and other circumstances that clearly certify that the Loan issued to the Customer would not be repaid in time, 1) to change crediting provisions to demand from the Customer to repay the Loan before the term, pay interest for use thereof, fulfil other liabilities of the Customer in full by sending a notice to them. Besides, terms are deemed due on the date specified in such notice, which may not be less than 10 (ten) calendar days as of sending of such notice. On that date, the Customer must repay the Bank the Loan amount in full, interest for the actual period of its use, and to fully repay other liabilities; or 2) terminate the crediting agreement via court. Besides, on the last day of the crediting agreement, the Customer must repay the Bank the Loan amount in full, interest for the actual period of its use, and to fully repay other liabilities; or 3) to unilaterally terminate the crediting agreement with a notice to the Customer via the communication tools the Customer specified in the application for legal entities (RL residents). On the date specified in the notice, which may not be less than 10 (ten) calendar days as of sending of such notice, the crediting agreement shall be deemed terminated. Besides, on the last day of the crediting agreement, the Customer must repay the Bank the Loan amount in full, interest for the actual period of its use, and to fully repay other liabilities. Unilateral termination of the crediting agreement does not release the Customer from the responsibility for breach of their liabilities.

7 To analyse the Customer s solvency based on financial information, to inspect use of the Limit to the purpose directly at the company s location, as well as to verify the Customer s financial standing and Limit guarantee and to submit suggestions regarding further relations with the Customer To write off funds from the Customer s current accounts according to clause if any of the payments payable to the Bank become due The bank may reject granting the Limit or a part thereof to the Customer in case of absence of available funds and the Bank notifies the Customer thereof via the communication tools the Customer specified in the application for legal entities (RL residents) The Bank reject granting the Limit without explaining reasons of its rejection and the Bank in this case shall bear no responsibility The Bank may claim the Loan, interest, and remuneration before the term as described in clause , as well as by claiming pledged property if circumstances provided for in clause occur To suspend further disbursement of the Limit if the Customer fails to fulfil any liabilities provided herein until such liabilities are fulfilled but within the term specified in clause sending the Customer respective notice via the communication tools the Customer specified in the application for legal entities (RL residents) To reject granting the Limit in full or partially if the Customer breaches liabilities provided herein sending the Customer respective notice via the communication tools the Customer specified in the application for legal entities (RL residents) The Bank may notify third parties of the Customer s Loan debt if the Customer violates Loan liabilities The Bank may, at its discretion, decrease the interest rate. Besides, the Bank sends a notice to the Customer specifying the decreased interest rate and the date when it will take effect, which shall be deemed amendments to the Customer crediting provisions At the expense of the funds aimed at repayment of the Customer s Loan debt, the Bank may, firstly, compensate its costs/losses incurred due to payment for services rendered to execute the Bank s rights under guarantee agreements signed to ensure fulfilment of the Customer s liabilities. Services mentioned in this clause include: delivery of collateral to the storage location; storage of collateral/mortgage; services related to sale of collateral/mortgage; representation of the Bank s interests at court and in dealings with third parties, etc The Customer is entitled: To use the Limit according to clauses , , in parts, with the title of further use of the available Limit balance provided that these Regulations are observed.

8 To apply to the Bank for revision (decrease) of the Limit specified in clauses , To suspend/resume the Limit for an unlimited period within the amount of the Limit granted using Remote account management services COLLATERAL OF LIABILITIES OF CUSTOMER The Customer s liabilities are supported according to guarantee agreements signed additionally by the Bank and the Customer/their representative in writing SETTLEMENTS The Customer pays interest for use of the Limit within the Loan amount based on the interest rate the amount of which depends on the Loan use term (differentiated interest rate). Interest calculation procedure: For interest free use of the Limit (interest calculation is carried out at 0% per annum on the outstanding Limit balance): if the debit balance on the current account occurred from the 1 st to 20 th (inclusive) day of the current month, the rate should be reset by the end of day on any day until the 25 th day of the current month if the debit balance on the current account occurred from the 21 st day to the last day of the current month, the rate should be reset by the end of day on any day until with 25 th day of the next month If the debit balance was not reset according to the provisions above, interest for use of the Loan is calculated at the rate 18% per annum as of the 26 th day. The rate is valid for 90 calendar days as of the calculation start or until the entire Loan debt is repaid If the Loan is not repaid for 90 (ninety) calendar days after the end of the period when the debit balance should have been reset, the Loan is deemed late and the Customer s financial liabilities to repay the debt are deemed breached. If the Customer violates any of their financial liabilities, the Customer shall pay the Bank interest for use of the Loan at 36% (thirty-six per cent) per annum on the outstanding Loan debt amount The outstanding Loan means absence of the zero debit balance on the credit account by the end of the banking day When the Bank sets a decreased interest rate pursuant to clause , provisions of clause of the Regulations are deemed cancelled as of the day when the Bank decreased the interest rate If the Customer does not fulfil any of the liabilities provided in clauses , , , , , of the Regulations, the Customer pays the Bank late interest at 2% (two per cent) on the Loan amount, except the case when the Bank executes its title to amend the provisions stated in clause If funds from the Limit are transferred on personal accounts or on any cards of individuals at the Bank or at other banks, a commission of 3% on the transferred amount will be deducted from the Customer.

9 Payment of interest for use of the Loan calculated according to clauses , is carried out in the manner described in clauses , , Interest for use of the Loan that were not paid by the end of period of uninterrupted use of the Loan are deemed late (except crediting termination cases according to clause The Customer may also pay interest for use of the Limit from their other accounts at the Bank) The Customer pays the Bank remuneration for use of the Limit of 0.9% of the maximum Loan Debit amount that existed as of the end of a banking day in the previous month according to clauses , on the 1 st day of each month. The Customer instructs the Bank to write off funds from their accounts with the Bank. The remuneration is paid in the Limit currency. If the Limit is changed more than once within one month: If the newly set Limit exceeds the limit set earlier for the current month according to clauses , , the Bank may demand payment of the difference between the newly set Limit and the earlier valid Limit. The remuneration payment term does not exceed three days after setting the new Limit If the newly set Limit is smaller than the Limit set earlier for the current month according to clauses , , the remuneration for the newly set Limit is not paid in the current month The Customer pays the Bank remuneration for use of the Limit according to clause hereof. The remuneration is paid in euros. The Customer s credit turnover the amount credited by the Bank to the Customer s current account within a banking day, except incoming funds from the evening till. The Customer s debit balance the amount of funds transferred by the Bank on the basis of the Customer s payment documents from their current account with the Bank within a banking day above the balance taking into account the incoming balance as of start of the banking day If the Loan repayment and/or interest for use of the Loan, remuneration, forfeit payment date falls on a weekend or holiday, said payment should be made on the banking day before such weekend or holiday Loan repayment, payment of the interest for use of the Loan should be made in the Loan currency. Payment of the remuneration and forfeit are made in the Loan currency according to these Regulations Calculation and accrual of interest for use of the Loan is carried out on a daily basis starting with the date when the Debit balance occurred as of closing of a banking day and for the number of days of Loan use assuming that there are 360 days in a year. Calculation and accrual of interest for use of the Loan is carried out on the Loan debt amount until full repayment of the Loan debt. The Loan repayment day is not included in the interest calculation timeframe The Customer s liabilities towards the Bank are fulfilled in the following sequence: funds received from the Customer and from other authorised bodies/persons for repayment of the debt are redirected to repayment as follows: 1) late remuneration to the Bank; 2) late interest for use of the Loan; 3) late Loan (if any); 4) remuneration to the Bank; 5) interest for use of the Loan; 6) the Loan; 7) forfeit.

10 Final repayment of the debt shall be made not later than the date specified in clause If the remuneration and interest are not paid on respective payment days, they are deemed late The Customer pays the Bank remuneration for contractual writing off within the amounts due to the Bank under clause in the amount and within the term specified in the Bank s Pricelist as of the payment time RESPONSIBILITY OF PARTIES If the Customer breaches any of the liabilities provided in clauses , , , , hereof, the Customer shall pay the Bank a forfeit of 2% of the Limit amount for each branch. The forfeit is paid in the Loan currency The Customer pays the Bank a penalty of 2% of the Limit amount not used for the specified purpose. процентов от суммы Лимита, использованной не по целевому назначению. The penalty is paid in the Loan currency The Bank shall not be responsible for not granting the Limit within the term if the Customer failed to fulfil liabilities provided in these Regulations VALIDITY Maintenance of the Limit on the Customer s current account with the Bank is provided once the Limit has been granted and/or once the Customer has submitted payment orders for use of funds of the Limit within the amounts stated therein; and it remains effective in the amount of the funds transferred until complete fulfilment of the Parties liabilities OTHER PROVISIONS In case of change in the Customer s legal status, the Customer s reorganisation, change of structure, the Customer must notify the Bank thereof within 3 (three) business days in writing The Customer s liabilities towards the Bank may be executed by any third party the Customer expresses their written consent to collection, storage, use and distribution of information about themselves as required by legal acts of the Republic of Latvia.