Check number. Dated. Drawn on Bank. / Branch

Transcription

1 Custmer ID Number A/c. N. A/c. N. (Fr ffice use) (Fr ffice use) (Please fill in blck letters nly) BUSINESS CHECKING ACCOUNT / CERTIFICATE OF DEPOSIT / LOAN / OVERDRAFT ACCOUNT FOR ENTITIES We request yu t pen ur accunt with yur branch as under: Business checking accunt Certificate f Depsit accunt Lan Overdraft Amunt f Depsit Checking A/c - $ Certificate f Depsit A/c - $ Perid - Mde f depsit (funding fr certificate f depsit) Cash Persnal Check number Dated Drawn n Bank / Branch Official Check number Dated Drawn n Bank / Branch 1. Title f Cmpany Legal status Limited Liability Cmpany Slely wned crpratin Assciatin Nt fr prfit Crpratin Limited liability partnership Prprietrship /General Partnership Public Limited Cmpany Crpratin Others(Please Specify) 2. Business Street Address (N Pst Bx address) Building Street City Others (please specify) State 2. a. Mailing Address (If different) Building Street ZIP CODE City State 2. b. Principal Office Street Address Building Street ZIP CODE City State 3. Business Telephne number (s) including ISD Cde ZIP CODE Mbile number 4. Fax number (s) Alternate telephne number (Versin ) Page 1/15

2 5. E mail 6. Website/URL 7. Date f establishment 8. Tax I. D. N. Cuntry f Tax Residency 9. Cuntry f Incrpratin 10. State f Incrpratin 11.Date f Incrpratin 12.Licensing Authrity 13. Mde f peratin 14. Latest Annual turnver (USD) Fr the year Number f emplyees 16. Nature f business and general descriptin f prducts and services 17. Purpse f the accunt ( Please specify) 18. Surce f funds (prf t be prvided fr new cmpanies) 19. Types f Credits int the accunt - Checks Wire transfers (Number per year - ) Cash Others (specify) Fr wire transfers Likely destinatins Usual Activities in accunt - Majr surces f such credits (specify what the funds cming int accunt will represent / the activity which will generate the funds) - Expected Annual vlume f such credits in USD Type f debits int the accunt- applicable fr business checking accunt nly Checks Wire transfers (Number per year - ) Cash Others (specify) Fr wire transfers Likely destinatins Majr purpse f such debits (specify fr what purpse the debits will be utilized)- applicable fr business checking accunt nly Expected Annual vlume f such debits in USD Existing Name f Bank / Branch (with address) /previus Banking relatinships Type f Accunt / Accunt number 24. Date f Opening the accunt 25. Cntact persn details Name & Title Telephne / Fax number Mbile number E Mail address (i) (ii) 26. Authrized Signatries: Name and Title (Print in capitals as per Pht ID) Nature f Pht ID Number f Pht ID Date f Issue Date f Expiry (i) (ii) (Versin ) Page 2/15

3 (iii) (iv) (v) (vi) (vii) (viii) 27. Principal Officers : Name and Title (Print in capitals as per Pht ID) Nature f Pht ID Number f Pht ID Date f Issue Date f Expiry (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 28. Beneficial wners (10% and abve) - Name and address (f individual r entity as applicable) and Title (Print in capitals as per Pht ID) % wnership Nature f Pht ID Number f Pht ID Date f Issue Date f Expiry (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (Versin ) Page 3/15

4 29. Names f Directrs (give full names ) Guarantr (applicable fr lan/verdraft applicants) We undertake t i) abide by terms and cnditins gverning accunts in the U.S. as well as terms and cnditins cntained in Bank f Barda custmer manual, receipt f which is acknwledged (ii) infrm yu f any changes in mde f peratins, names f authrized signatries, principal fficers, beneficial wners, directrs, guarantrs, cntact persns etc and submit new specimen signature card, crprate reslutin, revised certificate f fficers, and valid pht ID f the new authrized signatry. (iii) infrm yu f any changes in cnstitutin, address f cmpany r any infrmatin relevant t accunt with necessary prf. (iv) Infrm yu whether the custmer r any individual assciated with the custmer is a dmestic r freign PEP r a clse relative f the dmestic r freign PEP. 2. We understand that Bank f Barda will nt act upn instructins fr fund transfer unless we execute a fund transfer agreement and attach check t the instructin letter r give instructins t debit accunt 3. We understand that n n ccasin ur accunt will be permitted by the Bank t g int verdraft unless limits fr verdraft are apprved subject t availability f drawing pwer 4. We authrize Bank f Barda t btain infrmatin regarding ur identity, credit histry and ther banking histry frm ne r mre reprting agency / ther banking institutins r any ther surce, if necessary. We understand that if infrmatin in the credit reprt results in decisin t either disallw my / ur signing authrity n the accunt r disallw pening the accunt, Bank f Barda will cmmunicate these facts t wners / signers f this (prpsed) accunt 2. Depsitr s Cntract The Bank f Barda (hereinafter called the Bank ) is authrized t recgnize signatures appearing n this frm and n the specimen signature card in payment f funds r the transactin f any business fr this accunt. It is agreed that all transactins between the bank and the signers heref (the depsitr ) shall be gverned by this cntract and with respect t any matter nt therwise cvered hereby, by the prvisins fr Bank Cllectins f the New Yrk Unifrm Cmmercial Cde. Items received fr depsit r cllectin, are accepted n the fllwing terms and cnditins. The bank acts nly as depsitr s cllecting agent and assumes n respnsibility beynd its exercise f rdinary care. All items are credited subject t final payment and t receipt f prceeds f final payment in cash r slvent credits by this bank at its wn ffice. The bank may frward items t crrespndents and shall nt be liable except fr its wn negligence. The bank may waive demand, ntice and prtest n any items received fr depsit r cllectin. Items and their prceeds may be handled by any Federal Reserve Bank in accrdance with applicable Federal Reserve rules, and by the bank r any crrespndent, in accrdance with any cmmn banking usage, with any practice r prcedure that a Federal Reserve Bank may use r permit anther bank t use, r with any ther lawful means. The bank may charge back, at any time, prir t midnight n its business day next fllwing the day f receipt, any item drawn n itself which is ascertained t be drawn against insufficient funds r therwise, nt gd r payable. Items drawn n any ther ffice f this bank will be regarded and handled fr cllectin as items drawn n anther bank. As items received after the bank s regular afternn clsing hurs shall be deemed received n the next business day. Bank will nt pay checks which are presented prir t the clearance f depsits, unless there is a sufficient balance t the depsitr s credit in additin t such depsits at the pening f business day f such presentment. Depsits are nt psted t accunts until after regular banking hurs n the day they are received by the bank. The bank will in n way be respnsible r liable fr certificatin r payment thrugh errr, inadvertence, negligence r carelessness f pst dated items. The depsitr will draw all checks n this accunt nly n the ffice f the bank at which the accunt is pen and the bank shall nt be liable fr failure t pay any checks nt designated as drawn n such ffice. The bank is authrized t mail statements t the last address knwn t the bank. The bank is authrized t charge this accunt a service charge in accrdance with its rules, and shuld this accunt becme drmant t make a mnthly charge fr maintenance. If the bank is requested t stp payment n an item r items, depsitr agrees t hld the bank harmless fr all expenses and csts incurred by the bank n accunt f refusing payment f said item and further agrees nt t hld the bank liable n accunt f payment cntrary t this request if same ccurs thrugh inadvertence, versight, negligence r accident, r if by reasn f such payment ther items drawn by the depsitr are returned fr insufficient fund. Written request fr stp payment shall be effective fr six mnths but renewals may be made frm time t time. N stp payment renewal r revcatin shall be valid unless made in writing and served upn the bank. The prvisins f the unifrm cmmercial cde f the State f New Yrk, lcal clearing Huse Rules and General Banking usage prevailing in the New Yrk City shall be deemed t apply with respect t the bligatins f the bank in cnnectin with all items, whether r nt negtiable, received by (Versin ) Page 4/15

5 the bank f my / ur accunt and all items received shall, in the absence f express agreement t the cntrary, be deemed t have been received fr cllectin nly. The bank is authrized t act upn any instructins / messages / applicatins r letters etc. sent t yu by Facsimile (Fax) r tele cpier fr transfer f funds/ dcuments/ r any ther transactins. The bank shall be kept harmless and t fully indemnify frm and against all lsses, claims, csts r damages, which may sustain r incur against the bank by reasn f acting upn fax r tele cpier r authrized signature is fraudulent r frged. 3. We acknwledge receipt f the fllwing ntices check applicable (i) Initial Privacy Ntice (ii) (iii) (iv) (v) (vi) (vii) Annual Privacy Ntice Opt Out frm Truth in Savings (Time Depsit) Annexure III Frmat fr cmputer generated aut renewal ntice Annexure IV a Availability f Funds Reg CC ntice Internet Gambling Reg GG ntice 4. FUND TRANSFER AGREEMENT In this agreement the wrds Bank f Barda, BOB, Bank refers t Bank f Barda, New Yrk. The wrds I, We, us r my refer t the custmer (r business) signing belw. With this authrity we agree t prvide BOB with such dcuments as it may request, evidencing that the persn(s) signing this dcument are authrized t effect fund transfers. We request yu and authrize yu t act upn any instructins /messages /applicatins r letters etc. sent t yu by Facsimile (fax)/ r telecpier fr transfer f funds / dcuments/ r any ther transactins. We understand the risks assciated with transmitting instructins via telephne, letter, wire, r by facsimile and acknwledge that BOB may fllw a security prcedure fr ur prtectin and Bank s t verify that the fund transfer has been prperly authrized. We hereby agree that upn receipt f the facsimile, Bank f Barda, as a security prcedure, may call back and telephnically cnfirm with any f the authrized signatries, the authenticity f cmmunicatin and n receiving such cnfirmatin shall be able t cnclusively rely n it fr the authenticity f the cmmunicatin. In cnsideratin f BOB s acting upn ur faxed letters/ messages/instructins /applicatins etc in lieu f riginal, we hereby further agree and undertake t hld yu harmless and t fully indemnify yu frm and against all lsses, claims csts r damages, which yu may sustain r incur by reasns f yur acting upn ur fax r in case the telefax r authrized signature is fraudulent r frged We further agree and undertake t submit a written cnfirmatin f the fax message immediately after faxing the same t yu and in the event the riginal is nt received by yu, r nt sent by us/ misplaced /lst in transit, we hereby agree t yur cnsidering the fax message as equivalent t the riginal letter /message. In the event there is any discrepancy r variance between the faxed message and the riginal written cmmunicatin, we agree t hld yu harmless and indemnify yu fr relying n the faxed message and the signature appearing n the message. We further agree and undertake t pay yu and make gd any lss r damage r expense yu may put t r incur in reliance n the faxed instructins, messages, applicatins r letter etc., immediately upn yur making a demand and hereby waive any defense r cunterclaim based n yur relying n faxed message/ letter /instructin/applicatin and r the signatures appearing n them. We agree that BOB will rely upn infrmatin we have prvided in effecting funds transfer and we agree that any errrs in that infrmatin, including misidentificatin f beneficiary (ies), incrrect r incnsistent accunt names and accunt numbers and misspellings are ur respnsibility. We will prmptly furnish BOB, in additin t the infrmatin prvided by me/us in this agreement r any addendum theren. We understand that we must select a financial institutin ( beneficiary bank ) t receive it. Fr fund transfers within United States, the beneficiary bank must be a member f the Federal Reserve System r crrespndent bank f such a member. We will furnish the beneficiary bank and the accunt number f the beneficiary party. BOB based n ur instructins may instruct the beneficiary bank t credit an accunt r hld funds fr the beneficiary. The beneficiary bank will be respnsible fr fllwing the instructins and ntifying the beneficiary when the funds becme available. By prviding the accunt number t credit, we understand that the beneficiary bank may credit an accunt slely n the basis f accunt number prvided and that the payment will be final even if the number we prvide des nt crrespnd t the beneficiary we have identified. Any lss resulting frm an incrrect accunt number prvided t the Bank is ur respnsibility and nt that f BOB. After the funds are transferred t the beneficiary bank they becme the prperty f the beneficiary bank. It will be its respnsibility fr lcating, identifying and making payment t the beneficiary mentined by me/us. We understand and agree that BOB is nt respnsible fr any f these actins. Because BOB des nt maintain banking relatins with every bank, it may be necessary t use ne r mre intermediary banks befre the funds are transferred t the beneficiary bank. After BOB transmits the funds t the intermediary bank, we agree that it will be that bank s respnsibility t ensure that the funds transfer is cmpleted. We agree that the Bank agrees t send at ur expense and risk a message directing payment in freign funds in the amunt and manner indicated. The Bank des nt warrant that the transfer f funds will reach the payee We agree that BOB may make use f any branch, r crrespndent, agent r sub-agent and shall nt be under any liability fr any errrs, negligence, suspensin r default f any f them r fr any failure t identify the payee r any mis-payment by any f them nr shall the Bank be under any liability fr any errrs, mutilatins, delays, mis-delivery r failure f delivery in the transmissin f any message in cnnectin with fund transfer transactins whether r nt in cde r whether by mail, pstal service, telegraph, cable, wireless, radi r therwise, r fr any suspensin f any such means f transmissin r fr any impsitin f any censrship, exchange cntrl r ther restrictin, all such risks being brne by us. We als understand that the intermediary and /r beneficiary bank may deduct charges fr prcessing ur funds transfer and BOB is nt respnsible fr this fee. We agree that this fee may be deducted by the intermediary and / r beneficiary bank frm the amunt t be credited t the beneficiary f ur funds transfer. We understand and agree that funds transfer t beneficiaries (recipients) in the U.S. is made nly in U.S. dllars. Fr fund transfers t ther cuntries in currencies ther than U.S. dllars, BOB will cnvert U.S. dllar payment t the currency f destinatin cuntry as applied fr at BOB s freign exchange rate current at the time f transfer. The freign exchange rate may include a cmmissin fr BOB fr exchanging the freign currency. We understand that even when we place a request fr funds transfer in U.S. dllars t a beneficiary, the laws f the cuntry may necessitate payments being made nly in lcal currency and that BOB cannt guarantee U.S. Dllars payment. In such event, beneficiary bank may incur expenses like currency cnversin and ther charges. Hence we understand and agree that the actual amunt that the beneficiary receives may be a reduced amunt sent frm BOB. (Versin ) Page 5/15

6 We agree and understand that if ur funds transfer request is received by BOB after business hurs (cut ff hur f hurs EST with time fr telephne call back included), ur request may nt be prcessed until the next business day. We understand and agree that BOB reserves the right t reject any request made by me fr fund transfers when: (i) we have insufficient funds in ur accunt (ii) ur instructin is received by BOB thrugh a cmmunicatin nt apprved by the bank (iii) ur instructin is unclear r incmplete r unsatisfactry fr any reasn We agree that BOB is nt respnsible fr any lss r damage arising frm: (i) any act r failure t act n part f any persn nt within BOB s cntrl (ii) any errr, delay r failure in the transmissin f any fund transfer request resulting frm an act f GOD, fire, catastrphe, telecmmunicatin, electrical r mechanical failure r any ther cause beynd cntrl f BOB We understand and agree that if we decide t cancel r change fund transfer request, we may d s nly if BOB receives that request befre it has sent the funds transfer and has reasnable time t act upn ur instructin. In general after BOB has sent the fund transfer, we will nt be able t change it unless beneficiary bank cnsents t such a request. BOB and r beneficiary bank may impse a charge fr such cancellatin / mdificatin and fr currency cnversin, if required. BOB will nt be liable fr any lsses resulting frm failure f a beneficiary bank t cancel r change a fund transfer, nr shall we make any claim against BOB nr institute legal actin against BOB fr such failure. We agree t assume full respnsibility fr and be bund by all fund transfer requests issued in ur name(s), whether r nt authrized, prvided the fund transfer request was executed by BOB In gd faith and in accrdance with the prcedures as stated in this agreement. We agree that within furteen (14) days after we receive ntificatin in ur peridic accunt statement that a fund transfer request has been executed, we will ntify BOB f any errrs, delays r ther prblems related t the fund transfer. If the fund transfer request has been errneusly executed as a result f BOB s errr, BOB s liability will nt exceed the difference between the amunt f funds which were t be transferred and the amunt actually transferred. Shuld BOB s cnduct result in delay in funds transfer, BOB s liability will nt exceed an amunt equal t the interest, payable at Fed rate in effect n the date f funds transfer, in the amunt f funds which were instructed t be transferred r withdrawn fr the perid f delay. Under n circumstances shall BOB be respnsible fr cnsequential, incidental, special r punitive damages r expenses in cnnectin with my / ur fund transfer. Any claim cncerning the fund transfer must be filed in a curt f cmpetent jurisdictin within ne year frm the date when we received ntificatin that the fund transfer was executed r will be barred by law. This paragraph des nt apply t cnsumer electrnic fund transfers t the extent that such transfers are gverned by Electrnic Funds Transfer Act and the rules and regulatins prmulgated there under. Any ntice given t me / us under this agreement shall be deemed given upn depsiting in the fficial depsitry f the U.S. pstal services, pstage prepaid r by facsimile when sent t the respective mailing address r facsimile address prvided by me / us t BOB. Any change in either address will be prmptly advised by me / us t BOB. BOB may amend the terms f this agreement by giving written ntice t me / us. This agreement will als be terminated by either party by giving 10 days ntice in writing, effective frm date f receipt f such cmmunicatin. If any prtin f this agreement is fund t be unenfrceable, remaining prtin shall remain in full frce and effect. This agreement will be gverned by laws f New Yrk State and/ r federal law, if applicable. In cnsideratin f BOB cnsenting t act upn funds transfer request in the manner prvided in this agreement, I / we agree t indemnify and hld BOB harmless frm and against any and all claims, suits, judgment, executins, liabilities, lsses, damages, csts and expenses including my / ur attrney s fees in cnnectin with fund transfers made pursuant t this agreement whether brught by me / us r by my / ur representative r third party. Authrized accunts fr the purpse this agreement will mean any r all accunts that I / we maintain, intend t maintain thrugh this accunt pening request r may maintain in the future with the bank. Individuals authrized t sign per specimen signature card are authrized t request fund transfer and receive callbacks frm BOB t verify fund transfers requests. Individuals mentined as Cntact persns are authrized t receive telephne calls frm BOB t verify fund transfer requests. The undersigned fficer(s), partner(s) r principal f the business has / have read and agrees t the terms and cnditins stated in this funds transfer agreement. The undersigned further represents that I/we have the full pwer and authrity t execute and deliver agreements with respect t each bank accunt maintained by the business. I / We execute this agreement Signature f Authrised signatries (i) (ii) (iii) I / We DO NOT execute this agreement Name: Title: Date : Cmpany seal NOTARY VERIFICATION / VERIFICATION BY EXISTING BANKER (Versin ) Page 6/15

7 Title f Cmpany Accunt number Accunt number SPECIMEN SIGNATURE CARD OF AUTHORISED SIGNATORIES By the delivery f this card signed by the undersigned fficers and the receipt theref by the Bank f Barda, it is mutually agreed between the abve named Crpratin and the Bank that the prvisins f the Unifrm Cmmercial Cde f the State f New Yrk, lcal clearing huse rules and general banking usage prevailing in New Yrk City shall be deemed t apply with respect t the bligatins f the Bank in cnnectin with all items, whether r nt negtiable, received by the Bank fr the accunt f the said Crpratin, and all items s received shall, in the absence f express agreement t the cntrary, be deemed t have been received fr cllectin nly. PARTICULARS 1 ST authrized signatry 2 nd authrized signatry 3 rd authrized signatry Name Title Driver License / passprt number(attach phtcpies) Issuing authrity Issue date (mm/dd/yyyy) Expiratin date (mm/dd/yyyy) Office phne number Mbile phne number Residence phne number Hme address If U.S. Resident SSN Date f Birth (mm/dd/yyyy) Are yu wner f entity If yes, percentage f wnership With the entity since (mm/dd/yyyy) Extent f financial pwers fr signing * Signature Date Place This signature card is page f pages * full, full jintly with, upt $ singly, upt $ jintly with etc. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT T help the gvernment fight the funding f terrrism and mney laundering activities, Federal law requires all financial institutins t btain, verify, and recrd infrmatin that identifies each persn wh pens an accunt. What this means fr yu: When yu pen an accunt, we will ask fr yur name, address, date f birth, and ther infrmatin that will identify yu. We may als ask t see yur driver license r ther identifying dcuments. Please nte that in case requested fllw-up infrmatin required fr cmpliance with regulatins pertaining t Custmer Identificatin Prgram and Knw Yur Custmer is nt frthcming within 30 days after accunt pening r therwise upn request by the branch, any relatinship already established, will be terminated. Please submit advance cpies f all dcuments by e mail/fax/curier fr review prir t pening accunt. Duly cmpleted dcuments may be mailed (Versin ) Page 7/15

8 DRAFT CORPORATE RESOLUTION (Bard reslutin must be as per draft frmat r substantially similar t it) apprved by Bard f Directrs f the cmpany authrizing the pening f accunt and stating the names f fficial(s) wh can d s and naming the fficial(s) wh can perate the accunt and the extent f pwers vested in these fficials and their legal status. The undersigned, Secretary f,a Crpratin duly rganized and existing under the laws f having its principal place f business in, HEREBY CERTIFY that the fllwing is a true cpy f a certain reslutin duly adpted by the Bard f Directrs f the said Crpratin in accrdance with the Certificate f Incrpratin and the Bye-Laws at, and recrded in the minutes f, a meeting f the said Bard duly held n 20 and nt subsequently rescinded r mdified: RESOLVED 1. That an accunt be pened with the Bank f Barda, New Yrk Branch (hereinafter called the "Bank") fr receipt by it frm time t time f mney and/r ther prperty f this Crpratin, and that the Bank, is hereby authrized and directed t pay drafts and ther rders fr the payment f mney, and t accept any instructins with respect t mney and/r ther prperty s received by it frm the fllwing fficials: Name Designatin Mde f peratin (singly, jintly, any tw etc.) Extent f Financial pwers 2. That the abve fficials and their successrs in ffice, and any ther persn hereafter authrized t sign n behalf f this cmpany, are here by authrized t sign checks, drafts, ntes, acceptances and ther instruments and rders fr the payment f withdrawal f mneys, credits, items and prperty at any time held by the Bank fr accunt f this cmpany and the Bank is hereby authrized t hnr any r all theref and ther instruments and rders authrized t be paid by the Bank, including such as may bring verdraft and such as may be payable t r fr benefit f any signer theref r ther fficer r emplyee individually withut enquiry as t the circumstances f the issue r the dispsitin f the prceeds theref and withut limit as t amunt. 3. That the abve fficials is/are hereby authrized fr and n behalf f this crpratin t transact any and all business with r thrugh said Bank, at any time(s) as may be deemed by the said Officer(s) and/r their successr in ffice transacting the same t be advisable including, withut limiting the generality f the freging authrity t, discunt and/r negtiate ntes, drafts r ther cmmercial paper, apply fr letter r ther frms f credit; brrw mney, with r withut security; guarantee any indebtedness r ther bligatins f third parties; pledge r therwise hypthecate any prperty f the crpratin; purchase, exchange, sell therwise deal in r with any stcks, bnds r ther securities; and in reference t any f the business r transactins herein befre referred t, make enter int, execute and deliver t said Bank such negtiable r nn negtiable instruments, indemnity, guarantee r ther agreements, bligatins, assignments, endrsements, hypthecatins, pledges, receipts and/r ther transactins heretfre had n behalf f this crpratin with said Bank being hereby ratified, cnfirmed and apprved; als, that said Bank may rely upn the authrity cnferred by this entire reslutin until the receipt by it f a certified cpy f a reslutin f this Bard revking r mdifying the same. 4. That the fficers f the Cmpany r any ne r mre f them singly / r jintly are hereby authrized t act fr this Cmpany in all ther matters and transactins relating t any frm f its business with the Bank. 5. That the Bank is hereby authrized t accept fr depsit fr the accunt f this cmpany fr credit r fr cllectin r therwise any r all checks, drafts, ntes and ther instruments f every kind endrsed by any persn r hand stamp impressin in the name f the Cmpany r withut endrsement. 6. That each f the abve reslutins and the authrity thereby cnferred shall remain in full frce and in effect until written ntice f revcatin r mdificatin is received by the Bank and that the Secretary r Assistant Secretary r any ther fficer f this Cmpany is hereby authrized and directed t certify under the seal f this Cmpany r nt, but with like effect in the later case, t the Bank the freging reslutins, the names f the fficers and ther representatives f this Cmpany, any changes frm time t time in the said fficers and representatives and specimens f their respective signatures, and that Bank may cnclusively assume that persns at any time certified t be fficers f ther representatives f this Cmpany cntinue as such until receipt by the Bank f written ntice t the cntrary. IN WITNESS WHEREOF, we have hereunt subscribed ur hand as Secretary r ther authrized fficial and affixed the seal f the said Cmpany this day f 20 at (place) Secretary r ther authrized Official This certificate is t be attested by a secnd authrized fficer r directr f the cmpany CORPORATE SEAL Signature Signature (Versin ) Page 8/15

9 DRAFT CERTIFICATION OF OFFICERS I, the undersigned, DO HEREBY CERTIFY t Bank f Barda, New Yrk that the present Officers f duly elected t hld ffice until their respective successrs are chsen, and empwered t act fr and n behalf f this Crpratin in any f its business with the said Bank within the authrity prescribed in the reslutins heretfre certified t the said Bank are NAME & TITLE & Pwers vested In witness wheref, I have hereunt set my hand as Secretary and affixed the Crprate Seal this day f 20. SEAL SECRETARY (Versin ) Page 9/15

10 BANK REFERENCE FORM Custmer t fill this part I / We authrize Bank f Barda, New Yrk t btain infrmatin pertaining t ur accunt nted belw: Name f the Bank Name f branch and full mailing address Name f the accunt Type f accunt Accunt number Authrized signature (s) Financial Institutin named abve shuld cmplete this part 1. This accunt relatinship has been satisfactry Yes N 2. Additinal cmments abut yur accunt relatinship with the custmer if any: 3. Financial Institutin Certificate We certify that the infrmatin cntained n this frm is true and cmplete representatin f the infrmatin cntained in ur recrds fr the custmer s accunt detailed abve. Name f the Financial Institutin Signature Name and Title f persn signing Cntact telephne number Date Bank Stamp Place (Versin ) Page 10/15

11 DISCLOSURES FOR BUSINESS CHECKING ACCOUNT / CERTIFICATE OF DEPOSIT ACCOUNT Appendix I - IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT T help the gvernment fight the funding f terrrism and mney laundering activities, Federal law requires all financial institutins t btain, verify, and recrd infrmatin that identifies each persn wh pens an accunt. What this means fr yu: When yu pen an accunt, we will ask fr yur name, address, date f birth, and ther infrmatin that will identify yu. We may als ask t see yur driver s license r ther identifying dcuments. Please nte that in case requested fllw-up infrmatin required fr cmpliance with regulatins pertaining t Custmer Identificatin prgram and Knw Yur Custmer is nt frthcming within 30 days after accunt pening r therwise upn request by the branch, any relatinship already established will be terminated. 1. Initial Privacy Ntice Bank f Barda, New Yrk Branch respects the imprtance f persnal privacy f ur custmers. We reaffirm that we wuld maintain all custmer infrmatin cnfidential. Cllectin, Usage and Retentin f Custmer Infrmatin: The Bank shall cllect, use and retain infrmatin abut its custmers nly, when it believes that it wuld be useful and allwed by law in administering its business, and fr prviding existing/new prducts and services t its custmers. If requested by a custmer, the Bank shall disclse the specific business purpse fr cllectin f infrmatin. Maintenance f Accurate Infrmatin The Bank has implemented prcedures t ensure that the custmer s financial infrmatin is accurate, current and cmplete in accrdance with reasnable cmmercial standards. While sme prcedures are required by Federal r State Law, the Bank has prcedures in place fr rectifying inaccurate infrmatin in a timely manner. Limiting Emplyees Access t Infrmatin Emplyee access t persnally identifiable infrmatin is restricted depending n the nature f the emplyees wrk. The Bank shall educate its emplyees s that they will understand the imprtance f custmer cnfidentiality and custmer privacy. The custmer privacy issues are a part f the Bank s emplyee handbk and Cde f Cnduct. All emplyees are required t fllw the guidelines withut any exceptin. Prtectin f Infrmatin The Bank ensures that apprpriate security standards and prcedures are maintained t prevent unauthrized access t cnfidential custmer infrmatin. Restrictins in the disclsure f Accunt Infrmatin The Bank des nt reveal any specific infrmatin abut custmer accunts r ther persnally identifiable data t unaffiliated third parties fr their independent use, except fr the exchange f infrmatin with a reputable credit bureau r similar infrmatin reprting agency, t maximize the accuracy and security f such infrmatin, r in the perfrmance f bna fide crprate due diligence, unless: a) the infrmatin is prvided t help cmplete a custmer initiated transactin; b) the custmer requests it; c) the disclsure is required by/r allwed by law (eg. Subpena, investigatin r fraudulent activity etc); r d) the custmer has been infrmed abut the pssibility f disclsure fr marketing r similar purpses thrugh a prir cmmunicatin and is given the pprtunity t decline (i.e, pt ut). Additinal Infrmatin In case any custmer is cncerned abut financial privacy and wants t knw mre abut this issue, can btain a cpy f the Bank s privacy plicy at its ffice lcatin, by calling at its main number r by sending a written request t: Bank f Barda 1, Park Avenue New Yrk, N.Y Annual Privacy Ntice Bank f Barda, New Yrk Branch respects the imprtance f persnal privacy f ur custmers. We reaffirm that we wuld maintain all custmer infrmatin cnfidential. Cllectin, Usage and Retentin f Custmer Infrmatin: The Bank shall cllect, use and retain infrmatin abut its custmers nly, when it believes that it wuld be useful and allwed by law in administering its business, and fr prviding existing/new prducts and services t its custmers. If requested by a custmer, the Bank shall disclse the specific business purpse fr cllectin f infrmatin. Maintenance f Accurate Infrmatin The Bank has implemented prcedures t ensure that the custmer s financial infrmatin is accurate, current and cmplete in accrdance with reasnable cmmercial standards. While sme prcedures are required by Federal r State Law, the Bank has prcedures in place fr rectifying inaccurate infrmatin in a timely manner. Limiting Emplyees Access t Infrmatin Emplyee access t persnally identifiable infrmatin is restricted depending n the nature f the emplyees wrk. The Bank shall educate its emplyees s that they will understand the imprtance f custmer cnfidentiality and custmer privacy. The custmer privacy issues are a part f the Bank s emplyee handbk and Cde f Cnduct. All emplyees are required t fllw the guidelines withut any exceptin. Prtectin f Infrmatin The Bank ensures that apprpriate security standards and prcedures are maintained t prevent unauthrized access t cnfidential custmer infrmatin. (Versin ) Page 11/15

12 Restrictins in the disclsure f Accunt Infrmatin The Bank des nt reveal any specific infrmatin abut custmer accunts r ther persnally identifiable data t unaffiliated third parties fr their independent use, except fr the exchange f infrmatin with a reputable credit bureau r similar infrmatin reprting agency, t maximize the accuracy and security f such infrmatin, r in the perfrmance f bna fide crprate due diligence, unless: a) the infrmatin is prvided t help cmplete a custmer initiated transactin; b) the custmer requests it; c) the disclsure is required by/r allwed by law (eg. Subpena, investigatin r fraudulent activity etc); r d) the custmer has been infrmed abut the pssibility f disclsure fr marketing r similar purpses thrugh a prir cmmunicatin and is given the pprtunity t decline (i.e, pt ut). Additinal Infrmatin In case any custmer is cncerned abut financial privacy and wants t knw mre abut this issue, can btain a cpy f the Bank s privacy plicy at its ffice lcatin, by calling at its main number r by sending a written request t: Bank f Barda 1, Park Avenue New Yrk, N.Y Opt Out Frm This sectin describes yur privacy chices: We give belw Opt Out ptins regarding the sharing f nnpublic persnal infrmatin, as well as the chices nt t be cntacted by mail r telephne. Check Bx 1: If yu select this ptin, it will limit the infrmatin t be shared with nnaffiliated third parties. Check Bx 2:If yu select this ptin, it will limit the infrmatin t be shared with affiliates f Bank f Barda, New Yrk Branch. Check Bx 3:If yu select this ptin, yu will nt be cntacted by ur Bank regarding any f ur prducts and services by mail. Check Bx 4:If yu select this ptin, yu will nt be cntacted by ur Bank regarding any f ur prducts and services by telephne. If yu decide t chse any r all f these ptins, please check the apprpriate pt- ut sectin(s) belw. 1 Please d nt share amng nn-affiliated third parties (a) nnpublic persnal infrmatin abut me that yu receive frm me r frm thers t determine my eligibility fr prducts & services r (b) nnpublic persnal infrmatin frm credit bureau reprts fr marketing purpses. 2 Please d nt share nnpublic persnal infrmatin abut me with Bank f Barda affiliates. 3 Please d nt cntact me with ffers f prducts & services by mail. 4 Please d nt cntact me with ffers f prducts & services by telephne. (Versin ) Page 12/15

13 4. Truth in Savings - Annexure-III TIME DEPOSIT ACCOUNT Interest Rate : Annual percentage Yield : Term : Maturity : Initial Depsit Amunt : BALANCE TO OPEN AND TO EARN INTETEST: The minimum balance required t pen yur accunt is $1,000. Yu must als maintain this minimum balance in yur accunt each day t btain the disclsed Annual percentage Yield. Depsits and withdrawals may nt be permitted during the term f the Time Depsit. Additinal depsits may be made n the accunt n the maturity date, at which they becme part f the principal amunt fr the new term. INTEREST RATE: The Interest Rate earned n yur Time Depsit accunt will be guaranteed Fixed rate fr the term f the accunt. The rate is determined by the Bank, based n market cnditins at the time the accunt is pened r renewed. The Interest Rate, Term and Maturity Date fr yur accunt are shwn abve. ANNUAL PERCENTAGE YIELD (APY): Any stated Annual Percentage Yield is based upn the hypthetical assumptin that the Interest rate remain unchanged, and the balance n depsit tgether with all interest earned is nt withdrawn fr the entire term. Accunt clsing befre maturity will reduce earnings. The Annual Percentage Yield fr ur accunt is shwn abve. INTEREST ACCRUAL: At New Yrk branch, interest begins t accrue n later than the business day n which the branch receives credit fr the depsit f nn-cash items, such as checks. INTEREST COMPUTATION: Interest n yur accunt is accrued daily as simple interest and credited at maturity. INTEREST PAYMENT METHOD: Earned interest will be added t the accunt at which time it will be available fr withdrawal. If requested in writing, we will send yu a check fr the interest amunt r transfer the amunt t yur ther accunt. EARLY WITHDRAWAL PENALTY: Yu have agreed t maintain yur certificate f depsit with Bank f Barda until the maturity date. Principal may nt be withdrawn, in whle r part, befre the accunt matures unless the Bank cnsents t the withdrawal. It has been ur practice t permit such withdrawals fr reasns f need (purchase f a hme r car, payment f medical bills, etc.). This practice is in n way binding n the Bank in the future and the Bank reserves the right t refuse such withdrawals. The Bank des nt permit partial withdrawals frm Certificate f depsits, yu may incur a penalty. The amunt f interest payable in such case may be 1% less than the applicable rate fr which the depsit was actually maintained. Please nte that each request fr early withdrawal with r withut penalty may be evaluated and cnsidered by the bank n case t case basis. A minimum penalty equal t seven days interest at the cntract rate will be impsed if the accunt is clsed within six days f pening. These Bank s penalties will nt be charged if an wner f a Time Depsit accunt dies r is declared legally incmpetent. If a withdrawal is made fr either f these reasns, we will credit and pay any accrued interest t the accunt, up t the clsing date. AUTOMATIC RENEWALS : This accunt will renew autmatically at maturity. We will send yu a Maturity Ntice, if the depsit is placed fr a perid f mre than ne mnth. If we d nt hear frm yu we will autmatically renew the accunt fr a term similar t the prir term at the rate ffered fr that term n the renewal date. Upn accunt renewal all credited interest remaining in the accunt will autmatically becme part f the principal fr the new accunt term. Yu will have 10 days after maturity t make withdrawals in any amunt withut incurring a premature withdrawal penalty described in this disclsure. If a withdrawal is made during the perid, yu will nt earn any interest n the amunt withdrawn frm maturity date thrugh the withdrawal date. Time Depsit accunts that mature n Saturdays, Sundays r legal hlidays (nn-banking days) will be available t yu fr withdrawal n the next business day. We will credit and pay t the accunt any interest accrued between the maturity day and the next business day. Annex II Truth in Savings Regulatin DD Fees & Service charges BUSINESS CHECKING ACCOUNTS Nn Interest Bearing (Business) Checking Accunt Yur Nn-Interest Bearing business checking accunt has a minimum balance requirement f USD $2,500/- t pen the accunt. The funds n depsits d nt earn any interest. A fee f $25/- may be impsed every statement cycle if the grss balance in the accunt falls belw $ 2,500/- and day f the statement cycle. Withdrawals and Payments T withdraw mney frm yur accunt yu can write check t yurself r t a secnd party. Checks must be n a frm btained the bank. The Bank may refuse t hnr any check presented mre than six (6) mnths after date n the check, but shall have n liability if it decides t hnr such a check. Mnthly Statements: Yu will receive a mnthly statement shwing all accunt activity during the previus mnth. This statement will include all any maintenance and service fees. Yu must examine the statement and ntify the Bank within 14 days, in writing, f any discrepancies. If the discrepancy cncerns an ATM r ther Electrnic Funds Transfer Transactin (Federal Recurring Payments, payrll deductins etc.) this ntificatin perid is extended t 60 days. If we d nt hear frm yu within these time frames, we will assume that the statement is crrect. (Versin ) Page 13/15

14 Fees and Service Charges A listing f the fees and service charges applicable t yur accunt is prvided separately. The Bank will nt be respnsible if it refuses t accept (pay) check yu have written because there are nt enugh funds in the accunt after we have deducted a service charge. Availability f Disclsure Yu may request accunt disclsure cntaining terms, fees and rate infrmatin frm ur ffice ur ffice at One Park Avenue, New Yrk, N.Y Listing f Fees & Service charges BUSINESS CHECKING ACCOUNTS Truth in Savings adpted by Bank f Barda, New Yrk branch states that fees excepting incidentals like Attrney fees, phtcpying fees and thse fr services ffered t Accunt and nn-accunthlders alike, must be disclsed, duly named and described stating amunt and cnditins under which they may be impsed. Currently the fllwing fees and service charges are applicable t nn-interest bearing checking accunts: Sr N Type f Charge Amunt 1 Service charge $ per mnth 2 a Check r ther written rder drawn upn the Bank n insufficient funds r n $ per instrument n per ccasin uncllected balances and returned by the bank 2 b Check r ther written rder received by the bank fr depsit r cllectin which is $ per instrument n per ccasin subsequently dishnred and returned by the drawee 3 Stp payment instructins $ per instrument 4 Issue f fficial check $ per check 5 Fees fr printing f checks Actual billing by the printer 6 Daily E mail f statement f accunt fr each accunt ID $ p.m. 7 Other expenses, viz. pstage/ Swift / telefax / /wire transfer charges As applicable will be recvered as per actual and subject t change at discretin f the bank. 5. ANNEXURE-IV. A cpy f cmputer generated letter that will be sent t yu fr renewal Ref: CD Number : Principal amunt : Maturity Date : Current Interest Date : Interest Amunt n Maturity : Term : We appreciate that yu decided t maintain the captined depsit with us which matures fr payment as indicated abve. We shall be glad t have yur instructins at least ne wrking day befre the due date. Rate applicable fr renewal f depsit culd be btained n the maturity date. Yu may call fr rates. In case we d nt hear frm yu, the matured amunt with interest will be renewed autmatically fr a term similar t the prir term at the prevailing rate f interest and riginal Certificate f Depsit Receipt will stand cancelled. Regards, - This is a cmputer-generated letter and needs n signature. 6. Availability f Funds REG CC disclsure Federal regulatins require us t make yur depsited funds available fr withdrawal after a specific perid f time depending n the type f check and the lcatin f the bank n which the check is drawn. Bank f Barda, New Yrk branch has set ut a Plicy t make funds frm these checks available t depsitrs accrding t schedules that we have established and utlined in this disclsure brchure. Bank f Barda, New Yrk branch is referred t as 'the bank' in the disclsure brchure. Our Bank s plicy fr availability f funds that yu depsit in yur accunt is given belw. Due t certain circumstances, there may be a delay in deplyment f funds t yur accunt, and during this delay yu may nt withdraw the funds in cash and we will nt use the funds t pay checks that yu have written. Determining the Availability f a Depsit Descriptin Direct Depsit Cash, wire transfers, and Check n us Cashiers, certified, teller's r gvernment checks Other checks payable in United States The first $ 500 f a day's depsit Balance amunt r $ 4500 Balance amunt (fr check is greater than $ 5000) When Funds Can be Withdrawn By Cash r Check Depsit The day we receive the depsit The day we receive the depsit The first business day after the day f depsit The first business day after the day f depsit The secnd business day after day f depsit The third business day When the availability f depsited funds is deferred, the length f time is cunted in business days frm the day f the depsit. "Business day" means every day except Saturday, Sunday and federal hlidays. The bank's business hurs are 9.00 a.m. t 3.00 p.m., Mnday thrugh Friday except federal hlidays. If yu make a depsit befre 3.00 p.m. n a business day that the bank is pen, we will cnsider that day t be the day f yur depsit. Hwever, if yu make a depsit after 3.00 p.m. r n a day the bank is nt pen, we will cnsider that the depsit was made n the next business day the bank is pen. (Versin ) Page 14/15

15 Lnger Delays That May Apply Funds yu depsit by check may be delayed fr a lnger perid under the fllwing circumstances : *We believe a check yu depsit will nt be paid. *Yu depsit checks ttaling mre than $5,000 n any ne day. *Yu redepsit a check that has been returned unpaid. *Yu have verdrawn yur accunt repeatedly in the last six mnths. *There is an emergency, such as failure f cmmunicatins r cmputer equipment. Availability f funds subject t exceptins abve When the bank invkes any exceptin ther than the new accunt exceptin, the bank extends the time within which funds will be made available. We will ntify yu if we delay yur ability t withdraw funds fr any f the afresaid reasns save thse cvered by the One-time Ntice f Hld elsewhere herein which is ne time ntice fr Large Depsit and Redepsited check exceptin hlds r Repeated Overdraft exceptin hld. Ntice f Hld If yu depsit int yur accunt: Checks ttaling mre than $5000 n any ne day, the first $5000 depsited n any ne banking day will be available t yu accrding t ur general plicy. The amunt in excess f $5000 will generally be available the third business day after the day f yur depsit fr checks. Special Rules fr New Accunts If yu are a new custmer, the fllwing special rules will apply during the first 30 days yur accunt is pen. Funds frm depsits f cash, wire transfers, and the first $5,000 f a day's ttal depsits f cashier's, certified, teller's, traveler's, and federal, state and lcal gvernment checks will be available n the first business day after the day f yur depsit if the depsit meets certain cnditins. Fr example, the checks must be payable t yu (and yu may have t use a special depsit slip). The excess ver $5,000 will be available n the ninth business day after the day f yur depsit. If yur depsit f these checks (ther than a U.S. Treasury check) is nt made in persn t ne f ur emplyees, the first $5,000 will nt be available until the secnd business day after the day f yur depsit. Funds frm all ther check depsits will be available n the ninth business day after the day f yur depsit. With respect t items depsited in an accunt, the bank shall make the funds fr such items available fr withdrawal frm such accunt, in accrdance with the perids f time as set frth in these disclsures, the prvisins f individual accunt agreements ntwithstanding. Nthing cntained in these disclsures r elsewhere in ntices, cmmunicatins, etc. shall affect the bank's existing right t accept r reject an item fr depsit r, if the item is accepted fr depsit and the bank has made prvisinal settlement with yu, t revke the settlement given by the bank, charge back yur accunt r claim a refund theref in accrdance with New Yrk Unifrm Cmmercial Cde. Please nte that even after we have made funds available t yu and yu have withdrawn the funds, yu are still respnsible fr checks yu depsited that are returned t us unpaid and fr any ther prblems invlving yur depsit. Funds Availability Plicy Descriptin f Depsit When Funds Can be Withdrawn by Cash & r Check Direct Depsit The day we receive the depsit Cash, n us checks, Wire transfers The day we receive the depsit Cashiers/Certified/Tellers r The first business day after the day f depsit Gvernment Checks Other checks payable in the United States The first $500 f a day s depsit will be available n the first business day after the day f depsit. Balance amunt (if ttal amunt f check is less than $5000) r $4500 (if the amunt f check is mre than $5000) will be available n the secnd business day after the day f depsit. Balance amunt, if any, will be made available n the third business day after the day f depsit. 7. REG GG Ntice (Regulatin GG) Ntice t Business Custmers regarding the U.S. Unlawful Internet Gambling Enfrcement Act (UIGEA) f 2006, effective June 01, 2010 The Unlawful Internet Gambling Act (UIGEA) prhibits the Bank f Barda New Yrk Branch frm prcessing restricted transactins thrugh yur business accunt(s) with us. Restricted transactins are thse in which a persn accepts credit, funds, instruments r ther prceeds frm anther persn in cnnectin with unlawful internet gambling. The ACT effective June 01, 2010 prhibits any persn engaged in business f betting r wagering (as defined in the ACT) frm knwingly accepting payments in cnnectin with participatin with anther persn in unlawful internet gambling. We prvide this ntice t cmply with U.S. Gvernment regulatins implementing the Unlawful Internet Gambling Enfrcement Act f 2006 (Act), a U.S. federal law. As defined in the ACT unlawful internet gambling means t place, receive r therwise knwingly transmit a bet r wager by any means which invlves the use, at least in part, f the internet where such bet r wager is unlawful under any applicable Federal r State law in the State r Tribal lands in which the bet r wager is initiated, received r therwise made. Our plicies and prcedures established in accrdance with the ACT prvide that these transactins are prhibited frm being prcessed thrugh yur accunt r banking relatinship with us. If yu d engage in internet gambling business and pen a new accunt with us, we will ask that yu prvide evidence f yur legal capacity t d s. If it is determined that such transactins have ccurred we will ntify yu that yu have prcessed payments thrugh ur BRANCH fr Internet gambling transactins RESTRICTED by the Act. This ntice ensures that yu are aware that we will be reviewing yur transactins fr Internet gambling activity restricted by the Act and will take actin up t the clsing f yur accunt The Act is cdified in subchapter IV, chapter 53, title 31 f the U.S. Cde (31 U.S.C et seq.). Implementing regulatins that duplicate ne anther can be fund at part 233 f title 12 f the U.S. Cde f Federal Regulatins (12 CFR part 233) and part 132 f title 31 f the U.S. Cde f Federal Regulatins (31 CFR part 132). Acknwledgement f receipt f disclsures: Signature : Name: Date: (Versin ) Page 15/15