FINANCIAL INVESTMENT SERVICES CONTRACT provided through the BT TRADE internet trading system

Transcription

1 Registered Capital: ,54 LEI Unique Registration Code Trade Register Registration No.: J12/315/1994 : RO9 BTRL XX Banca Transilvania Cluj CNVM Decision: 2330/ ODCP No.: 415 TERMS AND CONDITIONS FINANCIAL INVESTMENT SERVICES CONTRACT provided through the BT TRADE internet trading system This contract is concluded between: The financial investment company BT SECURITIES SA, registered offices: Cluj-Napoca, B-dul 21 Decembrie 1989 No. 104, postal code: , telephone: , , fax: , bttrade@btsecurities.ro, unique registration code: , registered at the Cluj Trade Register with no. J12/315/1994, authorised as financial investment service provider company pursuant to the Decision No as of of the National Securities Commission, legal representative Mr. Rares-Doralin Nilas, hereinafter referred to as Intermediary, Name of account, identified in the application for opening an account hereinafter referred to as Client. ART.1 GENERAL PROVISIONS 1.1. DEFINITIONS In the context of this contract, the following terms have the following meanings: "Contract" means this contract, including its annexes, as well as any other terms and conditions agreed in writing by the client and the Broker related to this contract; "Client account" means the account opened with the Intermediary on behalf of the Client for recording its holdings and securities and cash operations; "Order" means the instructions received by the Intermediary from the Client for selling or buying a certain security through the online system and received by the Intermediary under the Client's passwords; "Instruction" means the instruction received by the Intermediary from the Client regarding the traded securities, or any other information related to the performance of this contract, through the online system and received by the Intermediary under the Client's passwords; "Central Depository" is the provider of depository, registry and corporate actions services to the issuers of securities traded on regulated markets and alternative trading systems in Romania according to Law no. 297/2004 regarding the capital market, Romanian National Securities Commission Regulation no. 13/2005 and National Bank of Romania Regulation no. 1/2005. "Change of the position in the Central Depository" means the registration performed by the Intermediary in the Central Depository, on behalf and on the account of the Client, of the instructions concerning the transfer of ownership on a basis other than the one specific to a stock exchange transaction, pledging of securities, making the changes to the Client's personal data in the Central Depository; Securities transaction means the performance by the Intermediary, on behalf and on the account of the client, the sale-acquisition orders submitted by the client, followed by the performance, on behalf and on the account of the client, of changing the notes in the Central Depository concerning the ownership of the client. The BT TRADE system means the information system implemented, controlled and operated by the Intermediary, and accessed through the Internet by the Client, with the aim of easing the communication and reception of the Client's orders and instructions, or the acknowledgement of the compliance with the orders and of the reports by the Intermediary, by electronic submission of: - the trading orders received from the Client; - the Client's instructions concerning the transfer of cash / securities into/from its account; or - the Client's instructions concerning the cancelling of the communicated trading orders, the execution of which was not yet acknowledged by the Intermediary and for which the status allows their withdrawal from the market; - acknowledgement of the reception, execution or cancelling of the Client's orders and instructions, of reports by the Intermediary; as well the real-time access of the Client to the electronic records of its account opened with the Intermediary. ART.2 SUBJECT MATTER OF THE CONTRACT The Intermediary receives, communicates and carries out, on behalf and on the account of the Client, the Client's securities sale-acquisition orders, followed by making, on behalf and on the account of the Client,the 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 1 1/9

2 changes to the notes from the Central Depository concerning the Client's ownership, as well as the performance of the Client's instructions concerning the "changing the position in the Central Depository", communicated through the BT TRADE system, and related to the securities quoted on the regulated markets or traded in the alternative trading systems and/or through over the counter negotiation mechanisms. ART.3 RIGHTS, OBLIGATIONS AND STATEMENT OF THE INTERMEDIARY 3.1. RIGHTS 1. Represents the Clients and carries out transactions on their behalf. 2. Applies trading fees. 3. Withdraws from the cash account opened by the Client with the Intermediary the amounts owed for the settlement of the transactions carried out for the client, the fees and taxes included in Annex 1 hereto, as well as the profit taxes, as the case may be, in accordance with the provisions of the legislation in force OBLIGATIONS 1. Opens and maintains in its records a BT TRADE account for the Client, in which it shall record all the Client's securities and cash properties and operations, carried out in accordance with this Contract. The Client's account is activated if the Client deposits the minimum amount specified by the Intermediary, included in Annex No. 1 to this Contract. 2. Performs in good faith and in secrecy the orders and instructions communicated by the Client through the means stipulated in this Contract, in accordance with the information specified therein, and in compliance with the legislation applicable to the capital market and the regulations adopted by the National Securities Commission, as well as the regulations and procedures of the market the securities are traded on and are the subject of those orders and instructions. The trading orders received by the Intermediary can only be performed provided the securities or, as the case may be, the required amounts exist in the Client's BT TRADE account opened with the Intermediary. 3. Acts only on basis of the Client's instructions, except the cases stipulated by the law and this Contract. 4. Credits the cash account of the Client with: - the amounts the Client forwards to the Intermediary in order to carry out the its orders and instructions; - the net amounts obtained as revenues resulting from the securities transactions carried out, after the deduction of the fees, taxes and profit tax, as the case may be; - any other finances the Client is entitled to as a result of this Contract. 5. Makes available to the Client all the available amounts (except the amounts required for the completion of the transactions in progress or in process of settlement) in the Client s cash account, in order to be used as preferred to, within 3 days from the date of such request, through a money order transmitted to the Client s bank or through postal order with return receipt.. Communicates the Client through the BT TRADE system: - acknowledgement of the trading orders within 24 hours from their execution; - the reporting forms for the Client the portfolio and the securities book, as well as the cash account statement that includes up-to-date information on the trading activities in the BT TRADE account. 7. Maintains the secrecy of all the data, accounts and operations carried out on behalf and on the account of the Client, and uses these information in accordance with the regulations of the National Securities Commission and of the market these securities are traded on STATEMENTS 1. The Intermediary assumes the responsibility for the proper performance of the Client's orders once the acknowledgement of their registration has been communicated to the Client, and as soon as possible after the Client has re-acknowledged the order. 2. The financial investment services under this Contract are performed by the Intermediary at the Client's request; the Intermediary is not bound to assess the opportunity of any investment or service rendered. 3. The Intermediary shall not be held liable for the losses or damages incurred directly/indirectly by the Client or by any other person/entity, arising from: the violation by the Client of its contractual obligations; access to the BT TRADE system by an unauthorised person; system crash; failure of the communication network or interferences caused by factors beyond the Intermediary 's control, including a faulty Internet service. 4. The Intermediary shall not be held liable for the Client's money amounts as long as they are in the banking circuit, until they are received in the Client's account opened with the Intermediary. 5. The Intermediary does not assume any responsibility and does not guarantee in any way, neither expressly nor implicitly, the accuracy, up-to-dateness and completeness of the data and information taken over from other web service providers and presented through the BT TRADE system. The Intermediary shall not be held liable by the Client or by any other person/entity for any damages that result directly or indirectly, from the use of these data and information. 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 2 2/9

3 ART.4. RIGHTS, OBLIGATIONS AND STATEMENT OF THE CLIENT 4.1. RIGHTS 1. Disposes without any restrictions of the available amounts (except the amounts required to complete the transactions in progress or in process of settlement) in the Client's cash account opened with the Intermediary. 2. Issues trading orders, through the means stipulated by this Contract, as they wish, assuming the risk, as well as the rights and obligations arising therefrom. 3. Cancels non-overdue trading orders whose performance was not acknowledged by the Intermediary and whose status allows their withdrawal from the market." 4. Accesses in real time the Client's account opened with the Intermediary through the BT TRADE system. 5. Requests in writing to receive via post the acknowledgements and reports concerning the trading activities on the Client's BT TRADE account. In this case the Client shall pay the related fees, mentioned in Annex No. 1 to this Contract OBLIGATIONS 1. Deposits a minimum amount required to open the account through the BT TRADE system, as stipulated in Annex No. 1 to this Contract. 2. Forwards the required amounts if the cash account has insufficient funds, prior to the submission of the acquisition order for securities or the instruction on the "change of the position in the Central Depository." 3. Pays the fees owed to the Intermediary for the transactions performed by the Intermediary on the Client's account. 4. Communicates the Intermediary all the trading orders through the means stipulated in this Contract. 5. Specifies all the data required on the forms requested by the Intermediary, and it attaches the documents requested in the Application for opening an account, as the case may be.. Notifies in writing the Intermediary when obtains the status of initiated person in relation to one ore more Issuers, as stipulated in Regulation No. 1/200 of CNVM. The Client accepts that in the absence of such a notification, the legality of the trading orders carried out by the Intermediary on behalf of the Client is the Client's responsibility. 7. If following a securities acquisition or sale operations issued by a company the voting rights of the Client reach, exceed or fall under the thresholds of 5%, 10%, 15%, 20%, 25%, 33%, 50%, 75% or 90% from the total of the voting rights, notifies in writing within 3 working days from the moment the operation in question is acknowledged, both the Intermediary, the issuer company, CNVM and the market the securities are traded on, as stipulated in Regulation No. 1/200 of CNVM, modified through Regulation No. 31/ STATEMENTS 1. The Client expressly agrees to use the Internet communication for the fulfilment of this Contract and hereby authorises the Intermediary to take over and to carry out the orders and instructions received under the Client's passwords through the BT TRADE system. The Client is the sole authorised user of the BT TRADE system on basis of this Contract. The secrecy and the use of the username and passwords, as well as of any other safety elements used for the identification of the Client in the BT TRADE system, and the access to its accounts opened with the Intermediary are the Client's exclusive responsibility. 2. The Client hereby declares that its information systems, used for accessing the BT TRADE system, allow the downloading and saving of information and reports submitted by the Intermediary through this system. Furthermore, the Client declares that it accepts that the information and reports mentioned in this Contract and in the applicable regulations to be made available exclusively in electronic format through the BT TRADE system. 3. The Client certifies and assumes the whole responsibility for the truth, completeness and up-to-dateness of the data included in the Contract and in the Application for opening an account. The Client binds itself to notify in writing the Intermediary any changes of its legal status, of the data included in the Contract and in the Application for opening an account, concerning the designation of a new legal representative and the limitations of this representation, as well as of the changes ruled on its previous representatives and/or on the operations they are authorised to perform, within 48 hours from the date of the change. Until the reception of the notification, the Intermediary is entitled to use the data included in the Contract and in the Application for opening an account or in the last validly notified change. The Client binds itself to notify in writing Intermediary upon any change in its financial situation or its investment objectives, if this situation may affect the settlement of the transactions performed on the Client s account, within 48 hours from the date the change occurred. 4. The Client guarantees for the Intermediary and for any other person/entity that it is the owner of the securities transferred to its account opened with the Intermediary, and there is no cause to prevent or affect the transfer of ownership of the securities or any of the attributes of this right. The Client is solely responsible for the initiation of certain sale orders concerning securities not owned by the Client or which the Client cannot dispose of, fully or partially. The Client shall be held liable by the Intermediary and/or purchasing third parties for any eviction enforced on the securities sold by the 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 3 3/9

4 Intermediary on the Client's account. 5. The Client declares that it acknowledges that the data, information, analyses and other materials presented via the BT TRADE system are protected by copyright, brand rights and other intellectual property rights. The Client binds itself not to use these materials or their content for other purposes than those stipulated by this contract, without the prior written consent of the Intermediary and/or the holder of the right.. The Client declares that it acknowledged that the data and information concerning the money instrument available to the Client through the BT TRADE system are not investment recommendations, indicators or guarantees for future performances of these money instruments. The Client declares that it understands the term and assumes the specific risks related to financial investments, the evolution of the price of money instruments or volume of transactions, of the excessive volatility of the market or of other reasons which exclude the liability of the Intermediary. 7. The Client, a legal entity, declares that it operates legally, holds all the authorisations required by the Romanian legislation and carries out the activities specified in the articles of association, in accordance with the legal provisions in force. In addition, the Client declares that the decision of the statutory body concerning the conclusion of this Contract was legally adopted and is effective until the notification regarding its termination sent by the Intermediary. 8. On the date this Contract was signed, the Client declares that it received and acknowledged the information included in Art. 172 par. (1) of the CNVM Regulation No. 32/200 on the presentation of the Intermediary, as well as the terms and conditions of this Contract. ART.5. FEES, TAXES AND THE PAYMENT METHOD 5.1. For the services rendered under this Contract, the Client binds itself to pay the Intermediary the fees and taxes stipulate in Annex No. 1 to this Contract In case of securities sale, the payment shall be made by the deduction of the related fees from the total value of the transaction by the Intermediary, as well as of the profit tax, as the case may be, in accordance with the provisions of law in force When buying securities, the Intermediary shall retain the fee from the Client s cash account Apart from the fees and taxes payable to the Intermediary for the services provided, the Client shall bear all the costs related to the performance of this Contract, corresponding to the operations carried out by the Intermediary on the client's account (the share transfer fee etc.) or which are not payable through the Intermediary (bank fees etc.) The Intermediary hereby notifies the client that the dispositions applicable to the tax on the revenues obtained from the transfer of securities are those stipulated in the Fiscal Code (Law No. 571/2003), with the subsequent additions and amendments. 5.. The Intermediary shall not be entitled to change the structure and rate of the fees and taxes requested without the prior notification of the Client. The new fees and taxes will be applicable from the date the Client is notified or from any other date specified by the Intermediary. ART.. CORRECTIONS.1. The Client binds itself to notify in writing the Intermediary concerning any error ascertained in the content of the information and reports received, within 5 business days from the date these became available through the BT TRADE system..2. After this period is passed, the information shall deemed to be accepted by the Client and no subsequent correction is admitted. ART.7. NOTIFICATIONS 7.1. The notifications/communications between the parties related to this Contract shall be made in writing and submitted through post (registered letter with return receipt) or personally, or by fax, to the following addresses: To the Intermediary Address: Cluj-Napoca, B-dul 21 Decembrie 1989, nr. 104, postal code: Fax: To the Client Address (if different from the home address): Fax: 7.2. The written notifications/communications between the parties shall be considered validly performed: - when receiving the signed acknowledgement for the documents sent by post; - when receiving the fax confirmation For the communication performed through the BT TRADE system, these shall be considered validly performed when the information become available on the site. 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 4 4/9

5 ART.8. ALTERNATIVE PROCEDURES 8.1. In case of a disturbance in the order receiving system, the Intermediary shall spare no effort to inform the users about the type of the disturbances and their estimated duration. If the services are interrupted for a longer time, the Intermediary shall provide the Clients alternative equipment for submitting the orders, instructions and acknowledgements If due to technical reasons the BT TRADE system becomes temporarily unavailable, the Client hereby expressly agrees the use of fax communication at the number and/or of the telephone communication at the numbers , , for the submission of orders and instructions to the Intermediary and for other communication purposes; the Intermediary is authorised by this Contract to take over and perform the orders and instructions received from the Client via the abovementioned remote communication means The submission by phone of the Client's orders and instructions shall be made exclusively at the phone number specially assigned by the Intermediary for their submission. The Client hereby expressly accepts that the orders, instructions and/or acknowledgements submitted by phone to be recorded and store by the Intermediary. ART.9. DURATION AND TERMINATION OF THE CONTRACT 9.1. This Contract enters into force on the date the Intermediary receives the Application for opening an account and this Contract, both signed by the Client or by its authorised representative, together with all the afferent statements and documents This contract is concluded for an period of 1 year. The Contract will automatically be extended at the end of this period with similar periods of time if none of the parties expresses its intention to unilaterally terminate the contract The Client may unilaterally terminate this Contract within a period 14 days from its conclusion without the obligation to pay penalty fees and to justify its decision. If the Client unilaterally terminates this Contract, it shall pay the Intermediary the fees and taxes corresponding to the services provided, in accordance with the clauses of this Contract, until the date the written termination notification is received by the Intermediary. The amount payable by the Client: a) shall not exceed an amount proportionally calculated for the period the financial investment services have been provided, on basis of the total duration of the Contract; b) may not be included as payment for penalties. If the Client exercises its right for the unilateral termination of the Contract remotely, the client shall notify the Intermediary prior to the expiration of the 14-day period by any verifiable means. The term shall be considered as complied with if the notification made on paper or any other durable media, available to and accessible by the Intermediary, is sent before the expiration of the term for this right to be exercised Apart from the conditions stated under clause 9.3, this Contract can be terminated as follows: 1. upon the agreement of the parties; 2. by the unilateral termination by any of the parties, with a 30 day notice granted to the other party, by written notification sent via registered letter with return receipt or handed over personally at the address specified at Art. 7, clause 7.1, (the party invoking the termination of the Contract shall notify the other party about the reasons of termination with 30 days before the date the termination enters into force); the Client is bound to return the Intermediary within 30 days from the date the notification concerning the remote unilateral termination of this Contract is sent/received, and any amounts owed for the services provided; the Intermediary is bound to return the Client within 30 days from the date the notification concerning the remote unilateral termination of this Contract is sent/received, any amounts received under this Contract, except the amounts owed for the services provided on basis of the provisions of this Contract until the date the written termination notification is received; 3. if the Client with a status of natural person dies or the Client with a legal personality is declared insolvent or bankrupt This Contract is terminated by right if within 30 days from the date of its conclusion the Client does not carry out any operation on its BT TRADE account opened with the Intermediary. ART.10. SPECIAL PROVISIONS BT SECURITIES SA notifies the client that the securities issuer Banca Transilvania, registered offices: G. Baritiu St. 8 Cluj-Napoca, is a shareholder of the company with a percentage of over 95%. Considering that the issuer is traded at the Bucharest Stock Exchange under category I, symbol TLV, BT SECURITIES shall take over trading orders for the TLV symbol strictly in the conditions requested by the client, and its employees shall not make any recommendations to the client concerning this symbol. ART.11. REGULATIONS. APPLICABLE LEGISLATION This contract is governed by the Romanian legislation The operations stipulated in this Contract shall be carried out in accordance with the legal provisions on the capital market, with the regulations and instructions adopted by the National Securities Commission, as well as with the specific regulations and procedures of the markets on which the securities under this Contract are 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 5 5/9

6 traded. ART.12. CONTRACTUAL LIABILITY For breaching the Contractual obligations that causes property damages, the defaulting party shall pay damages, at the extent of the damages incurred by the other party, in accordance with the relevant provisions of the common law. The late payment of the amounts owed shall lead to the application and payment of delay penalties of 0.1% per day from the amount owed, the total of the penalties may exceed the amount owed The damages are interest bearers, and the reference interest rate established by the National Bank of Romania on the date the amounts owed are paid shall be applied. ART.13. FORCE MAJEURE The parties to this Contract shall not be held liable for failing to fulfil or for the inadequate fulfilment, fully or partially, of any of their obligations under this Contract, if the fulfilment of the obligation is hindered by an unpredictable and unavoidable event beyond the control of the party invoking the force majeure In order to be exonerated from liability, the party invoking the force majeure is bound to notify in writing the other party regarding the occurrence of the event, within 3 business days from the date they occur, if possible, or from the date they cease, if they inhibit the notification, and to use any means available to limit their effects. ART.14. LITIGATIONS Any disputes between the parties related to the performance and interpretation of this Contract shall be solved amicably, and the parties shall draw up a protocol to prove it. If the dispute cannot be solved amicably, it will be submitted for resolution, as the case may be, to the National Securities Commission, the Arbitral Chamber of the Stock Exchange or to the competent courts of law. The dispute shall be solved in accordance with the civil legislation and with other relevant regulations issued by competent institutions If any of the provisions of this Contract is declared void, it will be removed without affecting the validity of the other provisions of the Contract. The Parties agree that after the removal of the void provision this will be replaced by the parties with another one, in accordance with the spirit of this Contract, if it concerns an essential element of the Contract. ART.15. FINAL PROVISIONS If the Client pays the amount representing the counter value of the transactions in foreign currency, the Intermediary carries out a foreign exchange on the day the money is received in the foreign currency account, at the exchange rate of the Banca Transilvania bank, except when the Client does not explicitly requests another date for the exchange to take place, without exceeding the settlement date The amounts owned by the Client in the cash account opened with the Intermediary are not interestbearing If the client authorises BT SECURITIES SA to request and to obtain the account statements related to the performed transactions, the client will explicitly accept/will not explicitly accept the authorisation granted to BT SECURITIES SA for requesting and obtaining the account statements related to the performed transactions. If the client authorises BT SECURITIES SA to request and obtain the account statements related to the performed transactions, THIS CONTRACT SHALL BE CONCLUDED IN ITS AUTHENTIC FORM OR SHALL BEAR A LAWYER AUTHENTICATION OR A CERTIFICATION ISSUED BY TOWN CLERK WHERE NO NOTARY OFFICES ARE PRESENT, in accordance with the provisions of CNVM and the legislation in force Modification of the provisions of this Contract shall be made only upon the agreement of the parties, in the form of a written accessory Contract to this contract. In exceptional cases the Contract may be changed unilaterally by the Intermediary if justified by the changes that occur in the legislation concerning the capital market or the authorisation to function of the Intermediary; the Client shall be notified regarding such changes The terms and conditions of this Contract, as well as any other prior information are drawn up in Romanian. The parties agree that all the subsequent communication during the performance of this Contract shall be made in Romanian. 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: /9

7 Annex No. 1 FEES AND TAXES OWED BY THE CLIENT 1. MINIMUM AMOUNT In order to open a Client account in the BT TRADE system, the minimum amount to be deposited is 1,500 RON. This amount belongs to the Client and may be used for the acquisition of securities. 2. TRANSACTION FEE The fee is applies individually for each acquisition or sale transaction, in real time. The fee rate applied by BT SECURITIES for transactions is established as follows: 1. Depending on the initially invested amount (deposited and circulated) the following fee table is used: Initially invested amount / Cumulated turnover Commission [%] < 50, % 50, , % 100, ,000 0.% 500,000 1,000, % > 1,000, % 2. At the end of each calendar month, on basis on the cumulated turnover for the last 3 months/the cumulated turnover for the previous period for the first three months, you will be placed to a certain commission level in the above table, which will be applied from the first day of the next month. FACILITY offered by BT Securities Once you reach a certain level, the COMMISSION applied by BT Securities for the transactions carried out by the Client, will NOT be modified IN THE ASCENDING DIRECTION. Commission computation EXAMPLES : Date Monthly turnover - May = June = July = Turnover August = Turnover September = Commission computation basis - amount Initial amount invested on = = =5.500 Commi ssion as per list CHARG ED Commis sion* 0,8% 0,8% 0,8% 0,8% 0,8% 0,8% = ,8% 0,8% Cumulated turnover between (3 months) = Cumulated turnover between (3 months) = ,7% 0,% 0,% 0,5% Commissi on charge period COMM ENTS For the first 3 months, cumula ted accoun t movem ents are calcula ted for the PREVIO US PERIOD For the next period, the cumula ted turnov er will be calcula ted for the LAST 3 MONTH S 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 7 7/9

8 Date Monthly turnover Commission computation basis - amount - Initial amount invested on =5.000 May = June = July = = = = Commi ssion as per list CHARG ED Commi ssion* Commissi on charge period 0,8% 0,8% ,7% 0,7% ,% 0,% ,5% 0,5% COMM ENTS For the first 3 months, cumula ted accoun t movem ents are calcula ted for the PREVIO US PERIOD FACILITY offered by BT Securities for the Clients of BT TRADE in the period October 1 st 2010 December 31 st 2010 For those who become clients until December 31 st, 2010 we will NOT apply the monthly subscription fee for the whole duration of the contract. 3. MONTHLY SUBSCRIPTION FEE The monthly subscription fee is 20 RON. 4. SHARE TRANSFER FEES For the share transfers TO/FROM the client's account the following fees are applied: BVB share transfer Transfer fee From the Central Depository into the Client's 0 RON/transfer account From the client's account to the Central Depository 1.5 RON/transfer 5. MONEY TRANSFER FEES When withdrawing money FROM the Client's account, these transfers can be made via bank transfer into the account specified by the Client or through postal order with return receipt. The postal fees shall be borne by the Client. When depositing money IN the Client's account, they can be made as follows: CASH Money deposits in the Client's account Maximum deposit limit / day Cahier's desk, at the HQ of BT SECURITIES, in the following conditions: Legal persons maximum deposit limit per day 5,000 RON Natural persons maximum deposit limit per day unlimited THERE ARE NO FEES APPLIED for the cash deposits through the cashier's desk of BT SECURITIES BANK TRANSFER If the Client holds an account opened with a bank, the money transfers will be made between the Client's account and the account of BT SECURITIES or if the client will deposits through cashier's desk of Banca Transilvania: IBAN: RO9 BTRL XX opened with BANCA TRANSILVANIA, CLUJ Branch 9 Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 8 8/9

9 . OTHER FEES Other fees to be borne by the Client for the services provided by BT SECURITIES: Services provided Opening an account Acknowledgement, report and account statement submission, on monthly basis, if the Client requests it, via post Fees free 10 RON/month 7. GENERAL FEES AND TAXES Fees/Taxes Value [%] 0.08% applied to the value of the acquisition transactions (BT SECURITIES, as broker, collects this CNVM fee fee from each buyer for each acquisition, and transfers it into the CNVM account), and is included in the trading fee defined under CLAUSE 2 The tax on the profit resulted from the transfer of the securities is calculated in accordance with the provisions of the Fiscal Code Law No. 571/2003, with the subsequent changes and additions, as follows: Romanian natural persons or residents: For the profits obtained from the transfer of securities by a natural Romanian person, Romanian residents and legal Romanian persons, the obligation to calculate, report and pay the tax is applicable to the clients; there will be no withhold by BT Securities SA; Taxation of the profits obtained on the capital market by non-resident persons shall be made in accordance with the provisions of the Romanian Fiscal Code Law No. 571/2003, Income tax with the subsequent changes and additions, and the Treaty for Preventing Double Taxation in the non-resident person s country of origin; For natural persons, BT Securities SA will send, according to the legal regulation in effect, portfolio statements from which will result the profit/loss for the transactions concluded. According to the application procedure of the law on tax income, for any transfer of shares into the Client's account opened with BT SECURITIES SA, the client shall produce the title deeds (Own responsibility Statement/Portfolio statement pursuant to the Rules for fixing, withholding and paying the tax for profit obtained on the capital market from the transfer of securities approved by the Decree M.E.F.-C.N.V.M. No. 3483/144/2008) that certify the average cost of the shares. 8. NOTES If at the end of a calendar month the cash balance available in the Client's BT TRADE account is less than the fees owed to BT SECURITIES SA, the difference, considered as the Client's debt, shall be covered by depositing into the account the required amount or by selling securities from the portfolio, at the Client's order, until the end of the next calendar month. If this debt will not be covered, access to the Client's account will be restricted until the settlement of the debt. BT SECURITIES SA reserves the rights to change the taxes and fees include in this Annex, after the due notification of the Clients. Updated on: October 1 st, Tel: +(40.24) , +(40.24) Fax: +(40.24) Pagina Website: 9 9/9