7.3. If you pay at least the Minimum Amount by the Due Date and choose to revolve a part or full amount of the Revolved Amount (i.e. outstanding balance minus Minimum Amount), interest will be charged on the full amount of Revolved Amount from Transaction date to Due Date and on daily outstanding balance wwwo.fg Rtbeavolnkv.ecdo .Akmoue nt due from Due Date to next Statement date at the specified Revolving Credit Interest Rate. 7.4. For the purposes of interest calculation, payments made by you will first be offset against interest, fees, charges and oldest dated transaction amounts in descending order respectively. 7.5. It you fail to pay at least the Minimum Payment as shown in the Statement by the Due Date, a late payment penalty will be levied on the outstanding Minimum Payment amount on Due Date at the Bank’s specified late payment penalty rate and will be added n the statement for the subsequent month. This is in addition to the interest payable on outstanding balance calculated as per clause 7.3 above on outstanding balance. 7.6. In case a Card Account is overdrawn beyond the Credit Limit as on any day, an overlimit fee will be charged on the maximum amount overdrawn on any particular day will be levied and added on the Statement for the subsequent month. 7.7. Payment on the Credit Account will take effect when received by the Bank and credited to the Card Account. If the payment is made by cheque it will take effect when cleared by the respective bank. 7.8. A flat handling fee will be charged if a cheque or other remittance is not honoured on first presentation. 7.9. The amount of any excess over the Credit Limit, any arrears and any Card Transactions made in breach of this Agreement will be immediately payable in full whether or not demanded by the Bank. 7.10. Non-receipt of the Statement by you does not discharge you from the obligations to pay all the amounts due on the Card Account. 7.11. You may not be entitled to interest on any credit balance there may be on the Card Account. 7.12. The Bank will inform you of the applicable, Minimum Payment, Revolving Credit Interest Rate, Late Payment Interest Rate, Over- limit Charge Rate and Handling Fee as described above, at the time of issuance of the Card. Subsequently, the Bank reserves the right to revise Minimum Payment, Revolving Credit and Handling Fee subject to provisions of clause 22.1 (ii) (b). The Bank shall neither be required to seek your consent nor that of the Supplementary Cardholder prior to making any change in the rate of and method of calculating any interest payable by yourself under this Agreement and the failure by the Bank to seek such consent from yourself and/or the Supplementary Cardholder as aforesaid shall not prejudice in any way howsoever the recovery by the Bank of any interest charged as provided in this Agreement subsequent to any such change provided however that the Bank shall give you at least thirty (30) days’ notice prior to any change in the rate or rates of interest payable. You hereby acknowledge and agree that such service of notice of change in the rate or rates of interest payable shall be deemed to be in conformity with the Consumer Protection Act, No 46 of 2012 of the laws of Kenya if served using any of the modes of service set out in Clause 21 below or any other modes of service permitted by law.

Signature ______

8. Charges 8.1. The following charges are payable in respect of the use of the Card and shall be debited by the Bank to the Card Account as follows: a) An annual subscription fees on issuance of the Card and on every subsequent annual renewal date; b) A cash advance charge on the amount of any cash advance debited to the Card Account. CORPORATE c) A card replacement fees in case a Card is lost or damaged. 8.2. The Bank will inform you of the applicable annual subscription fees, cash advance charge, card replacement fees as described above, at the time of issuance of the Card. Subsequently, tChe Bank rreservedites the right to revise (includin gC waiving aor additiorn of dany other charges) any of the above subject to provisions of clause information it shall be enougAPh for the BPank to LproducIe a copCy of theA statemeTnt contIainingO such infNormation or the means by which the change was informed.

9. Authorised User 9.1 The Bank may issue Cards for use by any natural person nominated by the Principal Cardholder as Authorised User/Supplementary Cardholder on the Card Account. The Principal Cardholder shall be liable for all amounts arising from, or losses incurred by the Bank in connection with the use of the Card by an Authorised User (including any use in breach of this Agreement which the Bank shall be under no responsibility to prevent), which shall be debited to the Card Account. In addition to its other powers, the Bank shall cancel any Authorised User’s Card at any time upon the request in writing of the Principal Cardholder and the return of such Card to the Bank, or upon the surrender of such Card to the Bank by the Authorised User. The Card shall remain the sole responsibility of the Principal Cardholder.

10. Automated Teller Machine 10.1 The Cardholder may use the Card together with his/her Personal Identification Number (PIN) to execute a transaction at any ATM or terminals designated Guarbayn thye T rBuanst kB. aInf tkh e ( KCardholdeenya) Ltdr ihas resg seleulatcetedd b suy tchhe P CIeNn, talral lsecur Bankit yo fpro Kecnedureya s as described herein apply to each transaction exec*uTtedrm bsy &th Ceo Cardholdenditions arp whplyo must exercise all necessary precautions against loss or theft of the Card or disclosure of the PIN. attorney’s collection commission.

THE1 3G. TReBANfundKs a WOnd CaRrLdholD ANderD C lPaiLmAs TINUM CREDIT CARD If you are a1 3pur.1 Tchaserhe Car odf anyAccouthingnt wilfroml onl foody b eto cred fancyite dgoods with a, pereftunrol dt oin plane respe tcicket oft sth, ethen Car youd Transa couldc tbeneion iff ith ferom Ban carryingk receive thes aGTB refunankd voCrediuchet Masr or toercardther re. fDeunds ignedverific taot ion make life eaacscierep tfablor ethe to cardholder it. No claim, t heby GTBthe Cardholdeank MasterCardr again Credist a tthir Cardd pa ortffyers ma ay longbe s lisubjet ocf tbene of a fidtse.fense or counterclaim against the Bank. No rights of the Cardholder against the Bank may be assigned or otherwise disposed of. 1. BENEFIT13.2 SNo Cardholder shall return for cash refund any goods and tickets for services obtained with the Card. Any such refund must be credited only through the CARD ISSCarUAdNC AcEc ouFEnEt. As a World Credit Mastercard customer, you will not be charged a joining fee. 14. Responsibility for Service ACCEPTABI14.L1IT TYhe Bank incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute as to the nature, quality of any goods Our GTBank Credit Mastercard is accepted throughout Kenya and in 210 other countries in more than 1 million ATMs and by more than 30 million merchants. or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. FREE MO1N4T.2HL AYll claiSTATEms inMcEludinNTSg any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction involving Card Get a GTBorank othe Credir uste Mas of tthercarde Car dand Accou receivent shal a consolidal be settletedd dire emailctly stbaettemenweent tdehet ailingMerc haalln tthe an previousd the Cardholde month’s r transacand shaltionsl hav. Tehi sn owill e ffhelpect oyoun th keeep inde yourbtedn expenseess of the accountingCardholde under tighr.t and accurate control. 14.3 The Bank incurs no liability to the Cardholder for any malfunction of any ATM. INTEREST FREE CREDIT With the GTBank Credit Mastercard, you can enjoy up to 45 days interest free credit. 15. Foreign Currency REVOLVIN1G5. 1CR ThEeD CardholdeIT r must be fully familiar and comply with all the applicable exchange control regulations when the Card is used outside the money area of the Your GTBRepublankCrediic ot fMas Kentercardya. offers you financial flexibility. Unlike some credit cards which require you to pay your account in full each month, the GTBank Credit Mastercard1 5requires.2 Card onlyTrans thaact tionyous makemade a i npaymen foreignt currenciethat equalss, wilor lexceeds be show “nthe o nminimum the stateme paymennt int Srequired”hillings an asd shownis payabl one your in S shillintatemengs cot.n Tvheert eminimumd at the epaxcyhangmente i sr ate 20% of your total usage. charged to the Bank on conversion by MasterCard Asia/Pacific Pte Limited plus a percentage on the converted amount of the value of the foreign transaction SECURE anCAdRD wh iTcRh AperceNSAnCtTIOage NcaSn vary from time to time. This rate may not be the rate in effect on the date of the transaction. Enjoy secure online transactions through MasterCard SecureCode service when making payments. The GTBankCredit Mastercard is CHIP & PIN enabled to enhance security viaS ATignMat urande ______POS transactions. __

NFC ENABLED (CONTACTLESS PAYMENTS) Conveniently make low value payments globally with your NFC enabled MasterCard Credit Card.

*Discounts and offers are communicated from time to time

2. CHARGES (At present the following charges apply)

World Credit Card Platinum Credit Card Main Supplementary Main Supplementary

Card Issuance Fee Free Free Free Free

Card Annual Fee 6,000 3,000 4,500 2,500

Card Renewal Fee Free Free Free Free

Card Replacement Fee 1,000 1,000 1500 1500

Pin Reissue 200 200 200 200

ATM CASH WITHDRAWAL FEE Late payment fee of 6% on the minimum due amount payable on 2nd of every month

as a % of the as a % of the Interest rate of 36% per annum transaction transaction

6% or 550, as a % of the GTBank Kenya ATM Charges, fees and limits shall be renewed from time to time as the Bank shall deem necessary Whichever is higher transaction

16. Security 6% or 770, as a % of the All fees and charges debited from your card account Local ATM Whichever is higher transaction 16.1 Internet transactions are not always secure. It is the Cardholder’s responsibility to ensure that any Internet transaction is made on a secure site. 16.2 The Bank will not take any responsibility for any misuse of a Card as a result of the customer quoting their Card number over the Internet. Internationa1l 6A.T3M This Car9%d mu or s770t N, OT be used toas f una %d o anf they acts of terrorism, for money laundering purposes, fraud, or any other illegal activities. whichever is higher transaction

17. Liability for Indebtedness 3. CRED1IT7.1 CARD The Pri nCcipaYCl CardholdeLE r is liable to the Bank for all indebtedness incurred by any person Authorised by such Cardholder together with all the applicable -The credict hargcarde csycle and s itnarterets onst. 16th of every month to 15th of the following month -The monthl17y. 2st Tathemene Principat are lsen Cardholder’t on 16th osf liabileveryity mon to ththe Bank with each Authorised User shall be joint and several for all indebtedness. -The minimum payment required is 20% of credit card usage. This must be paid before or on 2nd of the following month (15 day period) to avoid late payment fee. (Late paymen18.t Pisu crchargedhases on and the ca non-paidsh adva nminimumces mad 20%e wi tcredihoutt acard Ca rusaged ) 18.1 If the Cardholder or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone instruction or requests a cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting the Card (such as for mail 4. MODESorde OFr, telephon PAYMe ordeENTr or Internet), the legal effect shall be the same as if the Card was used by the Cardholder and a sales voucher or other document or cash i) Cash and Cheque deposits at any GTBank branch advance voucher was signed by the Cardholder. ii) M-Pesa Paybill (910202) iii) Internet 1B8an.2 kTinhge Bank shall debit the Card Account with the amount of all Card Transactions and the Cardholder will be liable to pay the Bank all the amounts so debited iv) USSD *878#whethe andr or Mobilenot suc Ahp pa voucher or other document is signed by the Cardholder and irrespective of any rights or obligations as between the Merchant and the v) Direct Debi4Cardholde.4.t Itfrom is th yourer. du tGTBy of Cardholdeank accounr to safeguard the Card with the same intensity they would apply for cash. 4.5. If the Card is lost, stolen or is for any other reason liable to misuse or the PIN has been disclosed to anyone, the Cardholder must immediately notify the 19. CBoannske’ns tCars andd Ce condntreu direct ocft ltyh bey Ac telephoncount e number +254 20 328 4390 / 391 or 0703084390/1 and such notification must be confirmed in writing immediately 1e9ithe.1.r Cred by piot srte tfoerenc the addre agencieess indics ated in clause 21 herein below. 149.6.1. .U1n. tYilo thue conse Bankn ret tcoeive us:s the formal notification, the Principal Cardholder will remain principally liable in respect of any misuse of the Card. 6.8. If your debit order is returned unpaid for any reason, we reserve the right to re-submit your debit order until all amounts outstanding have18. Pubeenrch paidases in a ndfull .cash advances made without a Card 6.9. Where applicable, we will send you regular updates on the status of your Card via SMS to the mobile number provided on your application f18orm.1 orIf t heno tCardholderified or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone 4.4. It is the duty of Cardholder to safeguard the Card with the same intensity they would apply for cash. Pleaseto uesn insu wrire ttinghat. you: instruction or requests a cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting 1) Comple6.10. tIfe yAourLL sCardections Accoun and twri is tine Narrears/A in areas, we may not applicablesend you anto youSMS to remind you of the outstanding amount. 4order.5. If, ttheelephone Card is order lost, sortolen Interne or ist) ,f orthe any legal ot hereffec reat shallson liablebe the t os amemisuse as iorf t hethe Card PIN wahas beenused bydis cthelosed Cardholder to anyone and, the a salesCard hv 2) Coun6.11ter. sWigne doall nomodit guaranficationstee or the correc securitionsty o youf any mak SMeS or other communication we may send you with regard to your Card Account and we will noadvanBank’t bes cliable eCard voucher forCen twasre dire signedctly by by t elephonethe Cardholder number. +254 20 328 4390 / 391 or 0703084390/1 and such notification must be confirmed any disclosure of information relating to your Card Account that is not attributable to our negligence or willful default. ei18ther.2 T bhey poBanst kto s hallthe addressdebit the indi Cardca tAedccoun in claut wisteh 21the herein amoun belowt of all. Card Transactions and the Cardholder will be liable to pay th WORLD CREDIT CARD PLATINUM CREDIT CARD whe4.6. tUnhert ilor the no Bt anksuch receive a vouchers the orformal other no dotifcicumenation,t tishe s ignedPrincipal by tCardholderhe Cardholder will remainand irrespec principalltive yo liablef any inrigh respects or obligat of antyions as be 7. Payment and Interest Cardholder4.7. You will. give the Bank all the information in your possession as to the circumstances of the loss, theft or misuse of the world7.1. All amounts charged to your Card Account are due in full within a specified number of days ( called a Credit Period), as determined byt akethe Ballank steps at itdeemeds necessary by the Bank to assist in the recovery of the missing Card. In the event of any such loss, theft discretion from time to time, from the Statement date (this payment due date is called the Due Date). You may however choose to pay the19 Minimum. CBonankse may nPtsay a menprovidend ct ondu thect police of th wie Accth anyoun intformation it considers relevant. If a Card is reported as lost, stolen or liable for misuse, that Card must not subsequently (this will be a specified percentage of the amount of Card Transactions plus full amount of interest, other charges and fees due as on the Statemenbe19t . usedda1. tCredie) bushownt musreference t be cu agent in halciesf and returned immediately to the address indicated in clause 21 here in below. on the Statement and revolve the balance (Revolved amount) to the next month. 19.1.1. You consent to us: 7.2. If you shall repay the whole balance outstanding on a Statement before or by the Due Date, no interest shall be charged on any item5. Th appearing19e Car.1.1d.1 Acc . onMa ountkheing t enquiries about your credit record with any credit reference agency and any other party to confirm the details 5412Stat emen7512 t.3412 3456 The B19ank.1. 1will.2. debiProvidingt the Card regular Ac cupdaount twiest hregarding the amoun thets conduc of all Cardt on yTourran sCardactions Ac candoun Chargest to the credi andt anyreference other liabiliagencietiess o andf the allowing Cardholder them ari tos ingin t urnfrom m taheke u tshee orecordf the VALID THRU Card. The Principal Cardholder will pay to the Bank all amounts so debited whether or not the Cardholder signs a sale or cash a 12/237.3. If you pay at least the Minimum Amount by the Due Date and choose to revolve a part or full amount of the Revolved Amount (i.e. outstandingand de tbalanails availablece to other credit grantors. Nameminu M.s Cardholder Minimum Amount), interest will be charged on the full amount of Revolved Amount from Transaction date to Due Date and on daily outstanding19.1.1. 3balan. Listcinge your details with any credit reference agency should you default on your repayment obligations to us. of Revolved Amount due from Due Date to next Statement date at the specified Revolving Credit Interest Rate. 6. Mon19t.hl1.y1 .S4tateme. Releasningt a ndinf ormaPaymetionn tto third parties for recovery and/or debt collection purposes. 6.1. We will send a Statement to your chosen email address every month. Please7.4 tick. For appropriate the purposes box of interest calculation, payments made by you will first be offset against interest, fees, charges and oldest dated transact19ion.2 amoun. Disclotss urein within Guaranty Trust Bank Group descending order respectively. 196.2.2. .T1he. Y ouSta consentementt willto u shows sharing all transa informactionstion onrela ytouring Cardt your A Caccround applicat up tot ionthe, Carddate oorf tCardhe St aAtcemencountt,. any of our affiliates or 7.5. It you fail to pay at least the Minimum Payment as shown in the Statement by the Due Date, a late payment penalty will be levied on t6he.3 .ou Thetstanding Statemen t will show both the full and minimum amounts payable to us, on or before the due date shown on the Statement. A. REQUIREMENTS Bank Group for all purposes, including marketing. Minimum Payment amount on Due Date at the Bank’s specified late payment penalty rate and will be added n the statement for the subsequen19t6 mon.4.2. .Y2touh. .Y Tmuouhi sstagree is advise tha ust we in wri mayting reques within tt hirort yau (30)thori daseys any of t heof daourte a offfilia thete sts aortemen assot csiahouldtes wi youthin belie the vGe uaranthe Sttayt emenTrust t Bisan inkc Group to in addition to the interest payable on outstanding balance calculated as per clause 7.3 above on outstanding balance. doobliga not tadviseions under us wi thethinse t harulest period and tandhat anythe Stofa ourtem aenffiliat sthalles or be as deemedsociates ac wicturahint eG anduaran a tcyon Truclusts iBvean rek cGordroup of maaccyoun exetsr.cise our ri Company Sole Proprietorship Partnership 7.6. In case a Card Account is overdrawn beyond the Credit Limit as on any day, an overlimit fee will be charged on the maximum amount overdrawn6disclose.5. You on inshouldf ormaany tconion trelaact touring tCardo your Cen applitrec adiretionct, lyCard by toelephoner Card Ac cnumberount to our+254 aff 703iliate 084s or 390asso/1c iaif tyoues wi dothin no Gt uaranreceivety Tarus mont Btanhlyk StGroupatemen for t.purposes Failure t o f receithe aboveve a i) Memorandum and Articles of Association i) Letter signed by the business owner i) Partnership mandate / deed particular day will be levied and added on the Statement for the subsequent month. monincludingthly St Cardatemen issuingt will ,no administ entitletra ytouion t,o dispu refusete handlingor fail to paandy andeby at mcollecount iontha.t is due to us. ii) Certificate of Incorporation ii) Management accounts (Last 12 months) ii) Board resolution 7.7. Payment on the Credit Account will take effect when received by the Bank and credited to the Card Account. If the payment is made by cheque6.6. W ite will may tak veeri fy and confirm any record of a deposit into your Card Account. Our records will be taken as correct unless the iii) Company Annual Returns to the Registrar (Last 2 years) iii) Certificate of Registration iii) Latest financial report effect when cleared by the respective bank. 6.7. Your Card Account will be credited immediately with any deposit made into it, but the proceeds will only be made available iv) Company Audited accounts (Last 2 years) iv) Valid practicing certificate for professionals iv) Certificate of Regis20. Matratliofunn ction of Electronic Facilities not accept any post - dated cheques or any other cheques made out to anyone other than the Principal Cardholder followed by the v) Board7.8. A Re flastolu handlingtion fee will be charged if a cheque or other remittance is not honoured on first presentation. 20.1. We are not responsible for any loss arising from any failure, malfunction or delay in any point-of-sale terminal or ATM, or our supporting or shared 7.9. The amount of any excess over the Credit Limit, any arrears and any Card Transactions made in breach of this Agreement will be immediaonetfel ttheworksy payable card, where number in applicable e.g. 1234, resul * * * t*ing * * fr *om * 7890 circum. stances beyond our reasonable control. full whether or not demanded by the Bank. 6.8. If your debit order is returned unpaid for any reason, we reserve the right to re-submit your debit order until all amount Documents applicable to all business types 6.9. Where applicable, we will send you regular updates on the status of your Card via SMS to the mobile number provided on you i) Ban7.10k St. Non-receipatements (Last of tthe 12 St monatemenths) t by you does not discharge you from the obligations to pay all the amounts due on the Card Account. 21. Addresses for Notices to us in writing. ii) Cop7.11y o. fY Naout ionalmay noIDt orbe V enalidtit ledpasspor to intteres of At uonthorised any credi Signat balancetories there may be on the Card Account. 21.1. The postal and street address you supply on your application form will be regarded as your chosen address where notices m 6.10. If your Card Account is in arrears, we may send you an SMS to remind you of the outstanding amount. iii) One7.12 coloured. The Bank passpor will int fsizeorm phoyout ographof the applicable of Directors, Minimum / Signat oriePaysment, Revolving Credit Interest Rate, Late Payment Interest Rate, Over- limit Chargein legal Ra proceedingste and may be served. You must notify us in writing, one of our branches or via email immediately if your chosen 6.11. We do not guarantee the security of any SMS or other communication we may send you with regard to your Card Account and w iv) CerHandlingtified copy Fee o af sPI describedN Certifica abovete (Direc, at ttorshe t&ime Company of issuance) of the Card. Subsequently, the Bank reserves the right to revise Minimum Payment, Revolchangesving. Credit any disclosure of information relating to your Card Account that is not attributable to our negligence or willful default. v) Fandilled HandlingApplication Fee F ormsubjec t to provisions of clause 22.1 (ii) (b). The Bank shall neither be required to seek your consent nor that of the Supplement21ary.2 Cardholder. You should send any legal notice to us at our chosen address: prior to making any change in the rate of and method of calculating any interest payable by yourself under this Agreement and the failure by the21 B.2an.1k. tGouaran seek ty Trust Bank (Kenya) Limited, Sky Park building, Plot 1870, Westlands, Nairobi, Kenya, for the attention of the such consent from yourself and/or the Supplementary Cardholder as aforesaid shall not prejudice in any way howsoever the recovery7 by. P aymethe21 B.3ann. tY kaou ndof ac anInkteresynowledge t and agree that this Agreement will be regarded as having been entered into in Kenya and any breach of this Agreement will be B. CinOtereMPst ANchargedY D ETas providedAILS in this Agreement subsequent to any such change provided however that the Bank shall give you at least thirty (30)considered7.1 da. Aylls’ amoun no atices havingt s charged taken to place your inCard Kenya Acc.ount are due in full within a specified number of days ( called a Credit Period), as d prior to any change in the rate or rates of interest payable. You hereby acknowledge and agree that such service of notice of change in the discrera21te.4 .or tWion rae tfareeroms o en ft imetitled to, butimet no, fromt obliged the St, toa tsemenend yt ouda tane (ty hinos tpaicey menin termt dues o fda thiste isagreemen called thet t oDue an emailDate) .addre You mayss you howe speciverfied choo in syeour to application form. Such email Name of Company______Nature of Business______interest payable shall be deemed to be in conformity with the Consumer Protection Act, No 46 of 2012 of the laws of Kenya if served using any (ocommunicathisf the will mode be atsion speciof willfied be perregardedcentage as o haf theving amoun beent receiof Cardved T byransac you tunlesions plus thes full con amountrary its o prof invteresed. t, other charges and fees due as on the Statement date) shown service set out in Clause 21 below or any other modes of service permitted by law. on the Statement and revolve the balance (Revolved amount) to the next month. Postal Address ______Postal Code ______Town______21.5. A_ny______correspondence that we send to you by post will be considered to have arrived within seven (7) days of posting and any correspondence that we send t7o. 2you. If youby f asxhall or emailrepay will the be whole considered balanc eto ou havetstanding arrived on on a tSthea datemeny that tbe it fwasore orsen bty. the Due Date, no interest shall be charged on Statement. Telephone No______Fax No ______Official Email Address ______21._6______. We are obliged by law to regularly update your personal particulars, such as your residential address and contact informa Signature ______t7ime.3. Ifto you time pay in t hiats leas regardt the. Minimum Amount by the Due Date and choose to revolve a part or full amount of the Revolved Amount Certificate of Incorporation No ______Date of Incorporation______22_.______Gminusenera Minimuml _ Amount), interest will be charged on the full amount of Revolved Amount from Transaction date to Due Date and on o22f Re.1.v Tolheved B ankAmoun mayt dueat any from time Due amend Date tohese next rules Stat emenby givingt da tyoue at writhett enspeci noftiedice Revolprovidedving t haCredit wheret Inte trheest B Raantke .desires to amend thi 7i). 4S.ubjec For tthe to purposeclause 21s o.1f in(ii)teres the tamendmen calculationt, cpahangeymensts an madey of the by in youforma willt ionfirs tpres be ocribedffset again un-derst sinetctereionst, 67 fee(4)s, o cfharges the Consumer and ol Protection Act, Act No 46 of 2012 descending order respectively. C. AUTHORISING SIGNATORIES of the laws of Kenya (i.e. information contained in the Statement), the Bank shall, within thirty (30) days after the amendment Cardholder7.5. It you faail supplemen to pay at leastary tdisclosure the Minimum stat emenPayment settt asing shown out the in changed the Sta tinemenformat bytion t.he Due Date, a late payment penalty will be levied on the outstanding Minimumii) the amendmen Payment amounchangest on an Duey of tDahet ein aformat the tBionan prek’s sspecicribedfied under late paymensection t65(3) penal otfy t herat eCon ands umewill ber P addedrotection n tAct,he st Actatemen No 46t for o ft he20 Name Position Signature inin faddiormationtion t ocon thetained interes int tpayablehe initial ondisclosure outstanding statemen balantc),e t hecalcula Bankted shall as deliverper clau tos ethe 7. 3Pr aboveincipal on Cardholder outstanding a s balanceupplemen. tary disclosure statement setting out the changed7.6. In case informa a Cardtion Ac; count is overdrawn beyond the Credit Limit as on any day, an overlimit fee will be charged on the maximum 1. para) tWicularithin day (30) will thir bety levieddays aandfter addedthe amendmen on the Stat tisemen madet for, i ft hethe s ubsequenchange ist nomont ath ma. terial change, as prescribed; and b) At least 7.7. Payment on the Credit Account will take effect when received by the Bank and credited to the Card Account. If the payment is made by cheque it will take 2. amendment is made, if the change is a material change. e22ffec.2t. whenOn renewal cleared or by repla the crespecementt iovfe any ban Cardk. , updated rules will be sent to your last chosen address. You are bound by the rules 3. renewal7.8. A fla ort handling replacemen fee twill. be charged if a cheque or other remittance is not honoured on first presentation. 7.9. The amount of any excess over the Credit Limit, any arrears and any Card Transactions made in breach of this Agreement wil 4. fullSigna wheturether ______or not demanded by the Bank. _ 7.10. Non-receipt of the Statement by you does not discharge you from the obligations to pay all the amounts due on the Card Ac 7.11. You may not be entitled to interest on any credit balance there may be on the Card Account. D. LIST OF DIRECTORS (If different from Authorized Signatories) 7.12. The Bank will inform you of the applicable, Minimum Payment, Revolving Credit Interest Rate, Late Payment Interest Rate, Name Signature Handling Fee as described above, at the time of issuance of the Card. Subsequently, the Bank reserves the right to revise Minim and Handling Fee subject to provisions of clause 22.1 (ii) (b). The Bank shall neither be required to seek your consent nor that of the Supplementary Cardholder 1. prior to making any change in the rate of and method of calculating any interest payable by yourself under this Agreement and t such consent from yourself and/or the Supplementary Cardholder as aforesaid shall not prejudice in any way howsoever the recove 2. interest charged as provided in this Agreement subsequent to any such change provided however that the Bank shall give you at l 8. Charges prior to any change in the rate or rates of interest payable. You hereby acknowledge and agree that such service of notice of c 8.1. The following charges are payable in respect of the use of the Card and shall be debited by the Bank to the Card Account as follows: 3. interest payable shall be deemed to be in conformity with the Consumer Protection Act, No 46 of 2012 of the laws of Kenya if served using any of the modes of a) An annual subscription fees on issuance of the Card and on every subsequent annual renewal date; b) A cash advance charge on the amount of any cash service set out in Clause 21 below or any other modes of service permitted by law. 4.advance debited to the Card Account. c) A card replacement fees in case a Card is lost or damaged. 8.2. The Bank will inform you of the applicable annual subscription fees, cash advance charge, card replacement fees as described above, at the time of Signature ______Boardiss Reuansoluce tionof t heDa tCarded ______. Subsequently, the Bank reserves the right to revise (including waiving or addition of any other charges) any of the above subje_____ct _to provisions of clause information it shall be enough for the Bank to produce a copy of the statement containing such information or the means by which the change was informed. 11.3. The Card remains the property of the Bank at all times. On request, all or any Card issued for use on the Card Account must be returned immediately to the Bank or to any other person acting for the Bank. The Bank shall notify the Cardholder the particulars of any such other person. E. CARDH11.4. YouOL asD theE RPrincipal DETA CardholderILS shall be liable for all expenses incurred by the Bank in reclaiming a cancelled Card.

12Comple. Termtein thiatsio snection only if you want us to issue a Credit Card to one of your employees as an authorised user of your Credit Card account. Remember, as a Compan12.1y,. Eyouither will par bety liable to this for A greemenany usaget may by your seek au tothorised termina userte the. same as follows: 12.1.1. The Principal Cardholder may terminate this Agreement by written notice to the Bank but such termination shall only be effective on the return to the Bank of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreement settled in full. Until such Requiterminaremetionn,ts: the B ank may1) On reissuee Colo Cardsred from Pass timepo tort time Pho for tuseo in accordance 2) Copy wi othf Vthisalid Agreemen ID/Passt. port Cardhold12.2. Noertwi 1thstanding any other provision, all indebtedness shall at the Bank’s option, and without notice or demand being given, be immediately due and payable and the Bank may cancel this Agreement without notice in the event of: Title (Mr. / Mrs. / Miss. / Other) a) The death of any Cardholder. First Name______b) Insolvency of any Cardholder or failure Surname______by the Cardholder to pay any indeb tMiddleednes sName______hereunder or any other obligation of the Cardholder. _____ c) The institution of garnishee, criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any Cardholder or Authorised DateU osf erbir.th (DD/MM/YY) ______ID No./ Passport No. (Attach copy) ______d) A breach or default of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bank including the Permanent Contract attorney’s collection commission. Position ______Telephone Office ______13. Refunds and Cardholder Claims Mobile13 Number.1 The Card ______Account will only be credited with a refund in respect of the Card P Tersonalransac tEionmail if t______he Bank receives a refund voucher or other refund veri______fication_ acceptable to it. No claim by the Cardholder against a third party may be subject of a defense or counterclaim against the Bank. No rights of the Cardholder Please issue a card to me. I have read, understood and accept the terms and conditions herein. I agree to be bound by the credit card conditions of use ( as set out against the Bank may be assigned or otherwise disposed of. herein13 and.2 No as Cardholderamended from shall time return to time)for cash. refund any goods and tickets for services obtained with the Card. Any such refund must be credited only through the Card Account. Signature of Cardholder ______Date ______14. Responsibility for Service Cardhold14.1 Theer B 2ank incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute as to the nature, quality of any goods or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. Title (Mr. / Mrs. / Miss. / Other) 14.2 All claims including any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction involving Card First orName______other use of the Card Account shall Surname______be settled directly between the Merchan Middlet and Name______the Cardholder and shall have no effect on the indebtedness_ o____f the Cardholder. Date 14of .bir3 Tthhe (DD Bank/MM incurs/YY) ______no liability to the Cardholder for ID any No mal./ Passporfunctiont No of .an (Atty ATachM copy). ______

Permanent Contract 15. Foreign Currency Position15. 1______The Cardholder must be fully familiar and comply with all the applicable exc hangeTelephone cont rolOff regulaice ______tions when the Card is used outside the money _area______of the_ Republic of Kenya. Mobile15 Number.2 Card ______Transactions made in foreign currencies, will be shown on the stat emenPersonalt in SEhillingsmail ______and is payable in Shillings converted at the exchange______rat_e charged to the Bank on conversion by MasterCard Asia/Pacific Pte Limited plus a percentage on the converted amount of the value of the foreign transaction Pleasande is whisuec ah cpercenard to tmeage. Ican have vary read from, unders time ttoood time and. T hisaccep ratet tmayhe terms not be and the condi rate tinions eff echereint on .t heI agree date toof bethe bound transac bytion the. credit card conditions of use ( as set out herein and as amended from time to time). Signature ______Signature of Cardholder ______Date ______

Cardholder 3

Title (Mr. / Mrs. / Miss. / Other)

First Name______Surname______Middle Name______

Date of birth (DD/MM/YY) ______ID No./ Passport No. (Attach copy) ______

Permanent Contract

Position ______Telephone Office ______

Mobile Number ______Personal Email ______

Please issue a card to me. I have read, understood and accept the terms and conditions herein. I agree to be bound by the credit card conditions of use ( as set out herein and as amended from time to time).

Signature of Cardholder ______Date ______

I______as the Principal Cardholder hereby authorize the Credit Cards to the above Cardholders.

______

Authorised Signatory Authorised Signatory Authorised Signatory 16. Security 16.1 Internet transactions are not always secure. It is the Cardholder’s responsibility to ensure that any Internet transaction is made on a secure site. 16.2 The Bank will not take any responsibility for any misuse of a Card as a result of the customer quoting their Card number over the Internet. 16.3 This Card must NOT be used to fund any acts of terrorism, for money laundering purposes, fraud, or any other illegal activities.

17. Liability for Indebtedness 5. Th19e Car.2. Disd Accclosureount within Guaranty Trust Bank Group The B19an.2k. 1will. Y oudebi cont thesen Cardt to us A ccounsharingt wi inthforma the amountion relatst ingof allt your Card Card Tran applicasactionstion and, Card Charges or Card and Accoun any ot,t herany liabili of ourties aff oiliaf tthees Cardholderor associates ari wisingthin from the Gtheuaran uset yo fT trushe t CardF. D.B ITRanheEk CP GrinTroup cDipalE forB Cardholder ITall IpurpoNSTsRUC eswill, includingpayTIO to Nthe Smarke B(OPTIOankt ingall .amounNALt)s so debited whether or not the Cardholder signs a sale or cash advance voucher. This f19acili.2ty.2 .allows You agree automa thatict debiwe mayting orequesf your GTBt or auankthorise Curren anyt A ccounof ourt oraff Siliaavingstes or Aassociaccount tfesor sewittthinlemen thet oGfuaran your monty Trusthlyt duesBank. Group to perform any or all of our 6. Monobligathly tSionstateme undernt tahesend P rulesayme andnt that any of our affiliates or associates within Guaranty Trust Bank Group may exercise our rights under these rules. We may How does it work? 6di.sc1. loWsee willinforma sendtion a St relaatementing tot tyouro your applica chosention email, Card address or Card everyAccoun mont tot hour. affiliates or associates within Guaranty Trust Bank Group for purposes of the above Payment is made automatically from your nominated GTBank account in accordance with your instructions to settle your GTBank MasterCard Card Account. 6in.c2luding. The St Cardatemen issuingt will, adminisshow allt ratransaction, disputionst eon handling your Card and Ac debcount collect up toion the. date of the Statement. Safet6y.3. The Statement will show both the full and minimum amounts payable to us, on or before the due date shown on the Statement. No20. paymenMa6.l4fun. Youctt iions mus made otf adviseEl unlessectroni us you cin F wri achavetiliingt iau ewistthorizedhin thirt yus (30) to dodays so .of the date of the statement should you believe the Statement is incorrect. You will have no claim if you do20 no.1.t Wadvie arese u nos wit responsiblethin that period for andany tlosshe St arisingatemen ftrom shall any be fdeemedailure, mal accurafuncttione and or adelay conclusive in any recordpoint-o of-salef accoun terminalts. or ATM, or our supporting or shared Control ne6.5twor. Youks ,should where conapplicabletact our, resulCardt ingCen fromtre direccircumstly bytances telephone beyond number our reasonable +254 703 con 084trol 390. /1 if you do not receive a monthly Statement. Failure to receive a You remain in total control. You can cancel the authority simply by informing us in writing. You will be advised in advance on your monthly statements from GTBank of themon amounthly tSts aduetemen. Shouldt will noyout en havetitle ayou query to re aboufuset orpaymen fail to payt, you any may amoun contact that ust is for due immedia to us. te action. 21. A6dd.6resses. We ma foy rveri Nofyti ceands confirm any record of a deposit into your Card Account. Our records will be taken as correct unless the contrary is proved. Pleas621e. 7indica..1 Y. Tourhete Card pothest percenal A candcoun tsagettree will ot addressfbe the credi out styouedtanding immedia supply amoun ontely your twi toth beapplica any debi depositedion monftorm madet hlywill. in (Minimumbeto regardedit, but t heis 20% asproceeds your) chosen will only address be made where availabl noticese once may t heybe given are c learedand documen. We willts noin tlegal accep prot anceedingsy post - maydated be cheques served. orYou any mus othert no chequestify us in wrimadeting ,ou onet to o anyonef our branches other than or viathe email Principal immedia Cardholdertely if your followed chosen by sthtreee first addret 4 digissts or and e-mail last addre4 digitss Percentage 20% 50% 75% 100% ocfhange the cards. number e.g. 1234 * * * * * * * * 7890. 621.8..2 If. Yyourou should debit order send is an reyt urnedlegal no unpaidtice to f orus anyat our reason chosen, we address reserve: the right to re-submit your debit order until all amounts outstanding have been paid in full. 621.9..2 W.1.here Guaran applityc ableTrus,t weBank will ( Ksendenya) you Limi regularted, S updaky Parktes buildingon the s,t aPtloust 1870of your, W Cardestlands via S, MNairobiS to the, K enyamobile, for number the att enprotionvided of tonhe yoHeadur applica of Legaltion. form or notified Accounto21 ut. s3Name______.in Y wriou tingack.nowledge and agree that this Agreement will be regarded as having been ent_ered into in Kenya and any breach of this Agreement will be c6on.10s.idered If your a Cards hav Aingccoun takent is place in arrears in Kenya, we .may send you an SMS to remind you of the outstanding amount. Accoun621.11t. 4T..ype______We doare no ent tguaranitled, buteet no thet obliged securi,t yto o sendf any youSM Sany or noothertice communicain terms of tthision agreemenwe may sendt to anyou email_ with addressregard t oyou your speci Cardfied A cinc ounyourt andapplica wet ionwill fnoormt be. S uliablech email for ancommunicay disclosuretion o willf in fbeorma regardedtion rela asting having to your been Card received Accoun byt tha yout is unless not att ributhe tconabletrary to our is proved negligence. or willful default. Accoun21t. 5Number. Any correspondence ______that we send to you by post will be considered to have arrived within seven_ (7) days of posting and any correspondence that we send 7. Paymeto yount b aynd fa xIn orteres emailt will be considered to have arrived on the day that it was sent. Domi7c21iled.1..6 A. BWllran amoune arech______obligedts charged by law to yourto regularly Card A updaccountet yourare duepersonal in full parwitthiniculars a spe, suchcified as number your residen of da_tyials (address called a and Credi cont Ptaceriod)t inform, asa dtionetermined. We ma byy c tonhet acBankt you a tf romits ditimescre totion time from in tthisime regard to time. , from the Statement date (this payment due date is called the Due Date). You may however choose to pay the Minimum Payment In22str. G(tehiunsctera willionl be t ao s tpecihe fiedBa percennk tage of the amount of Card Transactions plus full amount of interest, other charges and fees due as on the Statement date) shown 22.1. The Bank may at any time amend these rules by giving you written notice provided that where the Bank desires to amend this Agreement and: I/We oninst theruct St yaoutemen to payt and au revolvetodebit paymenthe balancets from (Revolved my/our amounaccount)t taot tthe nexrequest mont otfh .the GTBank MasterCard Credit Card. The amounts are variable and are to be 7i). 2S.ubje If youct toshall clause repay 21 .t1he (ii) whole the amendmen balance out changeststanding any on ao fSt theat emeninformat betionfore prescribed or by the un-derDue Da secte,t ionno in67(4)teres otf shallthe Consumer be charged Pro otnec anytion i tAemct, appearingAct No 46 oonf 2012 the debitStedof a tonhetemen variouslawst. of daKentesya (bu (i.et .no intf ormato exceedtion con tottalained amoun in tthe ou Sttstaandingtemen ton), t hedue B daankte) shall. , within thirty (30) days after the amendment is made, deliver to the Principal Cardholder7.3. If you pa a ys upplemenat least thetary Minimum disclosure Amoun statement by tthe se Duetting Daoutt ethe and changed choose in toforma revolvetion .a part or full amount of the Revolved Amount (i.e. outstanding balance minuii) thes Minimumamendmen Amount changest), in tanyeres ot fwill the be in fchargedormation on prescribed the full amoun undert osecf Revolvedtion 65(3) A omounf the tConsumer from Transac Prottionect iondat eA tcot, DueAct NoDa t46e and of 2 on012 dail ofy t heou tlawstandings of K enbalanya (ic.ee . Authorizedoinf fReormav olvedStignaion con tAorymountained ______t due in t hefrom ini Duetial disclosure Date to nex stat tStemenatement), thet da Btanke at shallthe speci deliverfied to Revolving Dathet eP ______rincipal Credi Cardholdert Interest Raa supplemente. tary disclosure statement setting______out the changed information; Authorized7.4. F orSigna the tpurposesory ______of interest calculation, payments made by you will first be oDaffsetet ______against interest, fees, charges and oldest dated transaction amoun______ts in dea)sc Wendingithin (30) order thir respecty daystively after. the amendment is made, if the change is not a material change, as prescribed; and b) At least thirty (30) days before the Authorizedamendmen7.5. It Syouigna ftail tisory tmadeo ______pay, iaf tt heleas changet the Minimum is a material Paymen changet as. shown in the Statemen Dat byte t he______Due Date, a late payment penalty will be levied on the ou_tst______anding Minimum22.2. On Prenewalaymen tor amoun replacement on Duet o Daf anyte aCardt the, Bupdaank’sted speci rulesfied will la tbee paymen sent to tyour penal lastyt rachosente and addresswill be added. You nare the bound statemen by thet for rule thes subin forcesequen at t hemon timeth. Tofhi sus isch renewal or replacement. G. CARDin addition DELIVE to the inRteresY Dt payableETAIL Son outstanding balance calculated as per clause 7.3 above on outstanding balance. 7.6. In case a Card Account is overdrawn beyond the Credit Limit as on any day, an overlimit fee will be charged on the maximum amount overdrawn on any Statepar Swhichignaticulart ureBran day ______ch will you be would levied like and to added collec ton the the card St afrom______tement for_ the subsequent month. ______7.7. Payment on the Credit Account will take effect when received by the Bank and credited to the Card Account. If the payment is made by cheque it will take effect when cleared by the respective bank. FO7.8R. A BANK flat handling USE fee O willNL beY charged if a cheque or other remittance is not honoured on first presentation. 7.9. The amount of any excess over the Credit Limit, any arrears and any Card Transactions made in breach of this Agreement will be immediately payable in full whether or not demanded by the Bank. A7PP/.10D. Non-receipEC t of the Statement by you does not discharge you from the obligaRM CtionsODE to pay all the amounts due on the Card Account. 7.11. You may not be entitled to interest on any credit balance there may be on the Card Account. 7.12. The Bank will inform you of the applicable, Minimum Payment, Revolving Credit Interest Rate, Late Payment Interest Rate, Over- limit Charge Rate and Handling Fee as described above, at the time of issuance of the Card. Subsequently, the Bank reserves the right to revise Minimum Payment, Revolving Credit LIandMIT Handling Fee subject to provisions of clause 22.1 (ii) (b). The Bank shall neiSIGtherN be required to seek your consent nor that of the Supplementary Cardholder prior to making any change in the rate of and method of calculating any interest payable by yourself under this Agreement and the failure by the Bank to seek such consent from yourself and/or the Supplementary Cardholder as aforesaid shall not prejudice in any way howsoever the recovery by the Bank of any interest charged as provided in this Agreement subsequent to any such change provided however that the Bank shall give you at least thirty (30) days’ notice DpriorIRE CtoT anDEyB cIThange % in the rate or rates of interest payable. You hereby acknowledgeDATE and agree that such service of notice of change in the rate or rates of interest payable shall be deemed to be in conformity with the Consumer Protection Act, No 46 of 2012 of the laws of Kenya if served using any of the modes of service set out in Clause 21 below or any other modes of service permitted by law.

Signature ______

22.3. Neither you nor the Supplement Cardholder may not vary these rules. 22.4. This Agreement will be governed by and interpreted in accordance with the laws of Kenya. 22.5. You agree that we may sue you in a Magistrate’s court or any other competent court to recover any levies due as at the date of instituting the proceedings. 22.6. Any favour or concession we may give you will not affect any of our rights against you. 22.7. Should you default on your Card Account, the law allows us to use any credit balance in another of your Guaranty Trust Bank (Kenya) Limited accounts to set off any amount owing on your Card. 22.8. You must tell us immediately if you are under a bankruptcy order, become insolvent or have any other form of legal disability. 22.9. You will pay all our expenses and other costs in recovering any outstanding amounts you owe us, including legal fees on an attorney and own client scale, collection, tracing and penalty fees. Account. In addition to its other powers, the Bank shall cancel any Authorised User’s Card at any time upon the request in writing of the Principal Cardholder and the return of such Card to the Bank, or upon the surrender of such Card to the Bank by the Authorised User. The Card shall remain the sole responsibility of the H. TEPrinRMcipalS CardholderAND CO.NDITIONS Guaranty Trust Bank (Kenya) Limited 22.3. Neither you nor the Supplement Cardholder may not vary these rules. 10. Automated Teller Machine Terms and Conditions of Use of MasterCard Credit Card 22.4. This Agreement will be governed by and interpreted in accordance with the laws of Kenya. 10.1 The Cardholder may use the Card together with his/her Personal Identification Number (PIN) to execute a transaction at any ATM or terminal22.5s. designaYou agreeted that we may sue you in a Magistrate’s court or any other competent court to recover any levies due as at the da by the Bank. If the Cardholder has selected such PIN, all security procedures as described herein apply to each transaction executed by the Cardholder who Your application for and use of our MasterCard credit card is subject to the following terms and conditions (rules). You must read and understand each22. 6clause. Any f aovf ourthe or concession we may give you will not affect any of our rights against you. must exercise all necessary precautions against loss or theft of the Card or disclosure of the PIN. rules set out here. Remember you must always keep to these rules, as they are a binding agreement between you and us, Guaranty Trust Bank 22(K.en7. ySa)hould Limi youted default on your Card Account, the law allows us to use any credit balance in another of your Guaranty Trust Ba (registration number C. 31073) (hereinafter “the Bank”). Please contact us if you need further explanations of anything related to the use of your Card. seYout o maff anyy con amountact t owing on your Card. 11. Withdrawal of use of the Card us at [email protected] or speak to us at any of our branches. 22.8. You must tell us immediately if you are under a bankruptcy order, become insolvent or have any other form of legal disabi 11.1. The Bank may at any time and without notice cancel or suspend the right to use any Card entirely or in respect of specific facilities or ref22use.9 .t oY re-issueou will pay , all our expenses and other costs in recovering any outstanding amounts you owe us, including legal fees on a renew or replace any Card, without in any case affecting your obligations under this Agreement which shall continue in force. MasterCard Credit Card Terms and Conditions collection, tracing and penalty fees. 11.2. The decision of the Bank with respect to suspension (temporary or permanent), withdrawal or limitation of usage including reducing Credit Limit, will be at 1. Definitions 22.10. A certificated signed by any of our managers (whose appointment need not be proved) as to the amount of your debt to us, the fact that the amount is the Bank’s sole discretion at its own judgment. In these conditions payable, the rate of interest payable and the date from which such interest is calculated and any other matter relating to the debt, will on its mere production, be 11.3. The Card remains the property of the Bank at all times. On request, all or any Card issued for use on the Card Account must be re8turned. Char immediages tely to a) “Agreement” means your application and these rules (as may be varied by the Bank from time to time) together with all payment instructions, lesutterffisc ienandt proonoticfes of the facts stated in the certificate, unless the contrary is proved. the Bank or to any other person acting for the Bank. The Bank shall notify the Cardholder the particulars of any such other person. 8.1. The following charges are payable in respect of the use of the Card and shall be debited by the Bank to the Card Account a given. 22.11. We can close your Card Account, restrict activity, reduce your Credit Limit or suspend access to your Card Account if we 11.4. You as the Principal Cardholder shall be liable for all expenses incurred by the Bank in reclaiming a cancelled Card. a) An annual subscription fees on issuance of the Card and on every subsequent annual renewal date; b) A cash advance charge on the amount of any cash b) “ATM” means an automated teller machine. your Card Account is being used fraudulently, negligently or for illegal activities or if we must do so to comply with the law, advance debited to the Card Account. c) “Authorised User” means a person nominated under clause 9.1 to whom the Bank shall have issued a Card. 22.12. The Bank shall not be liable if it is unable to perform its obligations under this Agreement due (directly or indirectly 12. Termination c) A card replacement fees in case a Card is lost or damaged. d) “Card” means the MasterCard credit card issued to a Cardholder by the Bank. processing system or transmissions link or to industrial dispute, strikes, lock outs, acts of any public enemy, wars, blockades 12.1. Either party to this Agreement may seek to terminate the same as follows: 8.2. The Bank will inform you of the applicable annual subscription fees, cash advance charge, card replacement fees as described above, at the time of e) “Card Account” means any account maintained by the Bank in relation to Card Transaction. landslides, governmental regulations and directions and anything outside the direct control of the Bank, its agents or sub-cont 12.1.1. The Principal Cardholder may terminate this Agreement by written notice to the Bank but such termination shall only be effective on the reistsuanceurn to the o fB tanhek Card . Subsequently, the Bank reserves the right to revise (including waiving or addition of any other charges) any of the above subject to f) “Cardholder” means any person to whom a Card is issued by the Bank. 22.13. If we close or suspend access to your Credit Account for any reason, we will not be liable to you for any direct, indire of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreement settled inprovi fulls. ionsUntil o sf uchclause information it shall be enough for the Bank to produce a copy of the statement containing such information g) “Card Transaction” means any payment made or cash advance obtained by the use of the Card, the Card number or in any arising from any act or omission by us or any third party for whom we are responsible, whether arising in contract, or statute. termination, the Bank may reissue Cards from time to time for use in accordance with this Agreement. was informed. manner authorised by a Cardholder for debit to the Card Account. 22.14. If the Bank is unable to produce or send a statement in respect of the Card Account, the Principal Cardholder’s liability for the late payment charges shall 12.2. Notwithstanding any other provision, all indebtedness shall at the Bank’s option, and without notice or demand being given, be immediately due and h) “Credit Limit: means the maximum debit balance permitted on the Card Account as determined by the Bank in its sole discretion and notifiedcon tot inuethe P frincipalor the purpose of calculating such charge, and in establishing the date on which payment is due, the Bank may select payable and the Bank may cancel this Agreement without notice in the event of: 9. Authorised User Cardholder. as the statement date. a) The death of any Cardholder. 9.1 The Bank may issue Cards for use by any natural person nominated by the Principal Cardholder as Authorised User/Supplementary Cardholder on the Card i) “Charges” means any fees or interest charged on the Card Account. 22.15. The Bank shall not be liable, responsible or accountable in anyway whatsoever for any loss, injury or damage whatsoever arising from the use of any ATM b) Insolvency of any Cardholder or failure by the Cardholder to pay any indebtedness hereunder or any other obligation of the Cardholder. Account. The Principal Cardholder shall be liable for all amounts arising from, or losses incurred by the Bank in connection wi j) “Due Date” means the date of the statement referred to in Clause 7.1 or as determined by the Bank pursuant to this Agreement. and the Principal Cardholder agrees to indemnify the Bank against all losses, costs, charges and expenses which the Bank may su c) The institution of garnishee, criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any CardholderAu torhorised Authori Usersed (including any use in breach of this Agreement which the Bank shall be under no responsibility to prevent), which shall be debited to the Card k) “Kenya” means the Republic of Kenya. indirectly arising from the use by any Cardholder of an ATM or any breach of this agreement by any Cardholder. User. Account. In addition to its other powers, the Bank shall cancel any Authorised User’s Card at any time upon the request in writing of the Principal Cardholder and l) “Merchant” means a supplier of goods and services and includes an ATM owner. 22.16. The Bank may demand at its discretion any amounts due on the Card Account if there is any breach of the Agreement herein d) A breach or default of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bankthe reincturnluding of s tuchhe Card to the Bank, or upon the surrender of such Card to the Bank by the Authorised User. The Card shall rema m) “PIN” means any personal identification number issued to the Cardholder. or any Supplementary Cardholder. attorney’s collection commission. Principal Cardholder. n) “Principal Cardholder” means any person in whose name a Card Account is maintained pursuant to such person’s application for establishmen22.17t. oAfgreemen a Card t may be withdrawn at any time without notice. Account. 22.18. The Cardholder warrants the complete accuracy of the information given upon the application for establishing the Card Account and any subsequent 13. Refunds and Cardholder Claims 10. Automated Teller Machine o) “Revolving Credit” means a credit facility with a minimum repayment option as determined by us from time to time. communication with the Bank. 13.1 The Card Account will only be credited with a refund in respect of the Card Transaction if the Bank receives a refund voucher or other re10fund.1 Tvheeri fCardholderication may use the Card together with his/her Personal Identification Number (PIN) to execute a transaction at any p) “SMS” means short message service which is an electronic communication done using a cellphone or cellular network. 22.19. The Bank may assign its rights and benefits under this Agreement at any time. acceptable to it. No claim by the Cardholder against a third party may be subject of a defense or counterclaim against the Bank. No rights obf ythe the Cardholder Bank. If the Cardholder has selected such PIN, all security procedures as described herein apply to each transaction executed by the Cardholder who q) “Shillings” means “Kenya Shillings’ in the currency of Kenya. 22.20. This Agreement shall be governed in all respects by the laws of Kenya and the parties submit to the exclusive jurisdicti against the Bank may be assigned or otherwise disposed of. must exercise all necessary precautions against loss or theft of the Card or disclosure of the PIN. r) “Statement” means the monthly statement referred to in Clause 6.1 13.2 No Cardholder shall return for cash refund any goods and tickets for services obtained with the Card. Any such refund must be credited only through the s) “Supplementary Cardholder” means a person nominated under clause 9.1 to whom the Bank shall have issued a Card on MEMORANDUM OF ACCEPTANCE Card Account. 11. Withdrawal of use of the Card instruction of the Principal Cardholder. I/We, being the Directors/Authorised Signatories of ______hereby agree that we have read and fully 11.1. The Bank may at any time and without notice cancel or suspend the right to use any Card entirely or in respect of specifi t) “our” “we” “us” or “the Bank” means Guaranty Trust Bank (Kenya) Limited. u) “you” or “your” means the Principal Cardholder. understood the terms and conditions governing the use of Guaranty Trust Bank (Kenya) Limited’s Corporate Card as set out herein above and I/we hereby accept renew or replace any Card, without in any case affecting your obligations under this Agreement which shall continue in force. 14. Responsibility for Service and agree to abide by them. 14.1 The Bank incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute as to the nature, quali11ty. 2o.f Tanhey gooddecission of the Bank with respect to suspension (temporary or permanent), withdrawal or limitation of usage including reducing Credit Limit, will be at 2. Applying for a Card and Acceptance or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. the Bank’s sole discretion at its own judgment. 2.1. Any application for a Card is subject to our normal credit approval process and criteria. Executed this ______day of ______. (date) / 14.2 All claims including any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction11 invol.3. Tvheing Card Card remain s the property of the Bank at all times. On request, all or any Card issued for use on the Card Account mu 2.2. Before you sign the application form, please read this Agreement very carefully. or other use of the Card Account shall be settled directly between the Merchant and the Cardholder and shall have no effect on the indebthetedne Bankss or o ft ot heany other person acting for the Bank. The Bank shall notify the Cardholder the particulars of any such other per 2.3. We will require certain information from you before we consider your application. You must provide complete and accurate informationOp. tion I Cardholder. 11.4. You as the Principal Cardholder shall be liable for all expenses incurred by the Bank in reclaiming a cancelled Card. 2.4. We may decline your application at our discretion. (In case of partnership, club, society, association and NGO all Authorised Signatories as per the account mandate should execut 14.3 The Bank incurs no liability to the Cardholder for any malfunction of any ATM. 2.5. We must verify your identity and may decline your application if you cannot give us satisfactory proof of your identity. 12. Termination 15. Foreign Currency 12.1. Either party to this Agreement may seek to terminate the same as follows: 3. Using your Card Name:______Signature:______15.1 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Card is used outside the money12.1. 1area. The o Pf trincipalhe Cardholder may terminate this Agreement by written notice to the Bank but such termination shall only be 3.1. The Card must be signed by the Cardholder immediately on receipt and may only be used:- Republic of Kenya. of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreemen 3.1.1. By that Cardholder; Name:______Signature:______15.2 Card Transactions made in foreign currencies, will be shown on the statement in Shillings and is payable in Shillings converted at thetermina exchangetion, trahete B ank may reissue Cards from time to time for use in accordance with this Agreement. 3.1.2. Subject to the terms of this Agreement current at the time of use; charged to the Bank on conversion by MasterCard Asia/Pacific Pte Limited plus a percentage on the converted amount of the value of theName foreign12:______.2. tranNotswiactthsiontanding any other provision, all indebtedness shall at the BankS’signa optionture, :and______without notice or demand being given, be immediately due_ and 3.1.3. To obtain the facilities and benefits from time to time made available by the Bank in respect of use of the Card; and which percentage can vary from time to time. This rate may not be the rate in effect on the date of the transaction. payable and the Bank may cancel this Agreement without notice in the event of: 3.1.4. During the validity period embossed on the Card; Namea):______The death of any Cardholder. Signature:______3.1.5. Subject to the right of the Bank in its absolute discretion and without prior notice, at any time to withdraw the right to use the Card for, or to refuse any Signature ______b) Insolvency of any Cardholder or failure by the Cardholder to pay any indebtedness hereunder or any other obligation of the C request for authorization of, any particular Card Transaction and to publish any such withdrawal or refusal; c) The institution of garnishee, criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any Cardholder or Authorised 3.1.6. Within the Credit Limit. In deciding whether this has been exceeded, the Bank may take into consideration the amount of any CardOp Trantionsa ctIIion not yet User. debited and any authorisation given by the Bank in respect of any prospective Card Transaction; (In case of a limited liability company) d) A breach or default of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bank including the 3.1.7. To obtain cash advances from the Bank or an ATM within a cash advance limit as shall be determined by the Bank and notified to theT hePrin commoncipal Cardholder seal of the Customer is hereunto affixed in the presence of: attorney’s collection commission. from time to time which shall form part of the Credit Limit; Director: 3.1.8. All Card Transactions, which take place in a currency other than Shillings and whether or not in Kenya, will be converted from the currency in which the 13Name. Ref:______unds and Cardholder Claims Signature:______Card Transaction took place into Shillings at the MasterCard’s prevailing rate plus a margin imposed by the Bank as at the date of such conversion and shall be 13.1 The Card Account will only be credited with a refund in respect of the Card Transaction if the Bank receives a refund voucher or other refund verification debited to the Card Account in Shillings; acceptable to it. No claim by the Cardholder against a third party may be subject of a defense or counterclaim against the Bank. No rights of the Cardholder 3.1.9. The Card may be used worldwide for Card Transactions expressed in the currency of the country of purchase. The monthly statement will be billed in Direcagaintor/Companyst the Bank Sec maretary bey assigned or otherwise disposed of. Shillings. Name13:______.2 No Cardholder shall return for cash refund any goods and tickets for serviceSignas obturetained:______with the Card. Any such refund must _ Card Account. 4. Safeguarding the Card 4.1. The Cardholder will exercise all care necessary to ensure the safety of the Card and the secrecy of the PIN at all times. 14. Responsibility for Service 4.2. The Cardholder shall not allow any person to use the Card with or without the knowledge of the PIN. Affix common14.1 The seaBanl k incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute a 4.3. The Cardholder should never write the PIN on the Card or anything usually kept with it. or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. 14.2 All claims including any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction involving Card Signature ______or other use of the Card Account shall be settled directly between the Merchant and the Cardholder and shall have no effect on the indebtedness of the Cardholder. 14.3 The Bank incurs no liability to the Cardholder for any malfunction of any ATM. 18.1 If the Cardholder or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone instruction or requests a cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting the Card (such as for mail 4order.4. It, itselephone the duty oorderf Cardholder or Interne tot )sa, thefeguard legal etheffec Cardt shall wi beth tthe samesame inastensi if thety Cardthey wouldwas used apply by f orthe cash Cardholder. and a sales voucher or other document or cash 4ad.5v. anIf tchee v Cardoucher is loswast, signedstolen orby is the for Cardholder any other reason. liable to misuse or the PIN has been disclosed to anyone, the Cardholder must immediately notify the B18an.2k ’Tshe Card Ban Cenk shalltre debidirect ttlyhe by Card telephone Accoun numbert with the + amoun254 20t 328of all 4390 Card /T 391ransac or t0703084390ions and the/ Cardholder1 and such willnot ibefica liabletion musto payt be th econ Bankfirmed all tinhe wri amounting immediats so debiteltedy wheeitherther by orpos not tt os uchthe addrea voucherss indica or otedther in documen clause 21t isherein signed below by t.he Cardholder and irrespective of any rights or obligations as between the Merchant and the Cardholder4.6. Until the. Bank receives the formal notification, the Principal Cardholder will remain principally liable in respect of any misuse of the Card. 4.7. You will give the Bank all the information in your possession as to the circumstances of the loss, theft or misuse of the Card or disclosure of the PIN and 19. Ctaonkese alln tsst epsand deemed conduct necessary of the Acc byoun thet Bank to assist in the recovery of the missing Card. In the event of any such loss, theft or misuse being suspected, the B19an.1k. maCrediy providet reference the policeagencies with any information it considers relevant. If a Card is reported as lost, stolen or liable for misuse, that Card must not subsequently be19 .u1s.1ed. Y buout consenmust bet tcuo ust in: half and returned immediately to the address indicated in clause 21 here in below. 19.1.1.1. Making enquiries about your credit record with any credit reference agency and any other party to confirm the details on this application. 5. Th19e Car.1.1d.2 Acc. Providingount regular updates regarding the conduct on your Card Account to the credit reference agencies and allowing them to in turn make the record The Bandank dewilltails debi availablet the Card to oAtccounher credit witt hgran thet orsamoun. ts of all Card Transactions and Charges and any other liabilities of the Cardholder arising from the use of the Card.19 The.1. 1P.3rincipal. Listing Cardholder your details will wi payth any to tcredihe Bankt ref erenceall amoun agencyts so shoulddebited y wheou detherfaul ort onno tyour the Cardholderrepayment obligasigns taions sale to or us cash. advance voucher. 19.1.1.4. Releasing information to third parties for recovery and/or debt collection purposes. 6. Mon19t.hl2.y Dis Statemeclosuren wit atndhin PGaymeuaranntyt Trust Bank Group 196.1.2. .W1.e Y willou consendsen a tSt toa ustemen sharingt to your informa chosention relaemailting address t your Card every applica monthtion. , Card or Card Account, any of our affiliates or associates within the Guaranty Trust 6B.an2. kT heGroup Sta tfemenor all tpurpo will showses, includingall transac marketions onting your. Card Account up to the date of the Statement. 196.3.2. .T2he. Y Stoua tagreeemen tt hawillt showwe may bo threques the fullt orand au minimumthorise any amoun of ourts payableaffiliates t oor u s,associa on or tbeesf orewit hinthe tduehe G dauarante shownty Trus ont tBheank St aGtemenroup to. perform any or all of our 6obliga.4. Youtions mus undert advise these us rulesin wri andting withathint any thir otyf our(30) a daysffiliates of orthe associa date oft esthe wi sttahintemen Guarant shouldty Trus yout B believeank Group the St mayatemen exerciset is in ourcorre righct.ts Y ouunder will thahevsee no rules claim. W ief ymayou dodisc nolot sadvie infsormae us twiionthin rela thatingt period to your and applica the Sttionatemen, Cardt orshall Card be A deemedccount t oaccura our affteilia andtes aor conclusive associates record within oGf uaranaccounty tTsrus. t Bank Group for purposes of the above 6in.c5luding. You shouldCard is consuingtac, administ our Cardtra tionCen, tdispure directe handlingtly by telephone and deb numbert collect ion+254. 703 084 390/1 if you do not receive a monthly Statement. Failure to receive a monthly Statement will not entitle you to refuse or fail to pay any amount that is due to us. 20. Ma6.l6fun. Wcte ionma yo fveri Electrfy andoni conc Ffacirmili anyties record of a deposit into your Card Account. Our records will be taken as correct unless the contrary is proved. 620.7..1 Y. ourWe Cardare no Act cresponsibleount will be credifor anyted lossimmedia arisingtely f romwith any deposifailure,t mademalfunc intiono it, orbu tdelay the proceeds in any poin willt -oonlyf-sale be madeterminal av ailablor ATeM once, or tourhey suppor are clearedting or. W sehared will nonett woracckeps,t whereany pos applicablet - dated ,cheques resulting or from any circums other chequestances beyondmade ou ourt to reasonable anyone other con thantrol. the Principal Cardholder followed by the first 4 digits and last 4 digits of the card number e.g. 1234 * * * * * * * * 7890. 21. A6dd.8resses. If your fdebior Nto ordertices is returned unpaid for any reason, we reserve the right to re-submit your debit order until all amounts outstanding have been paid in full. 621.9..1 W. Therehe po applistalc andable s, tweree twill address send you you regular supply updaon yourtes applicaon the stiontatus form of yourwill be Card regarded via SM asS tyouro the chosen mobile addressnumber prowherevided no ontices yo umr ayapplica be givention fandorm documenor notifiedts tino ulegals in wriprotcingeedings. may be served. You must notify us in writing, one of our branches or via email immediately if your chosen street address or e-mail address c6hange.10. If sy.our Card Account is in arrears, we may send you an SMS to remind you of the outstanding amount. 621.11.2.. WYoue do should not guaran send anteey legalthe securi noticety tof usany a tS ourMS chosen or other address communica: tion we may send you with regard to your Card Account and we will not be liable for an21y. 2di.1sc. Glouaransure otyf inTfrusormat Btankion rela(Kenya)ting t oLimi yourted Card, Sky A Pccounark buildingt that is, Pnolott a1870ttribu, tWablees ttlandso our, negligenceNairobi, Kenya or will, forful tdehef aulattent. tion of the Head of Legal. 21.3. You acknowledge and agree that this Agreement will be regarded as having been entered into in Kenya and any breach of this Agreement will be 7. Paymeconsnideredt and aIns tereshavingt taken place in Kenya. 721.1..4 A. Wll amoune are entst ictledharged, but noto tyour obliged Card, to A sendccoun yout are any due no intice full in witermsthin ao fspe thisc agreemenified numbert to oanf da emailys ( calledaddress a Crediyou specit Period)fied in, as your de tapplicaerminedtion by f ormthe .B Sankuch aemailt its dicommunicascretion fromtion t imewill beto tregardedime, from as the having Statemen beent dareceivedte (this bypaymen you unlesst due dathete con is calledtrary is t heproved Due .Date). You may however choose to pay the Minimum Payment (21this.5 will. Any be correspondence a specified percen thataget we o sendf the amounto you byt o fpos Cardt will Transac be consideredtions plus to f ullhave amoun arrivedt of inwittereshin sevent, other (7) charges days o andf pos feesting anddue anyas on corresponden the Statemencet dathate)t we shown send onto ytheou Stbya ftaemenx or emailt and willrevolve be considered the balance to (Revolved have arrived amoun on thet) t oday the t hanext itt monwas tsenh. t. 721.2..6 If. Wyoue are shall obliged repay by the law whole to regularly balance upda outstteanding your personal on a Sta partementicularst bef,ore such or asby yourthe Dueresiden Dateial, noaddress interes andt shall con betac ct hargedinforma otionn any. W eit emma yappearing contact y ouon ftromhe Sttimeatemen to timet. in this regard. 22. G7e.n3era. If yl ou pay at least the Minimum Amount by the Due Date and choose to revolve a part or full amount of the Revolved Amount (i.e. outstanding balance minu22.1s. TMinimumhe Bank Amaymoun at tany), in tteresime tamend will be tchargedhese rules on bythe giving full amoun you writ ottf enRevolved notice provided Amount ftromhat where Transac thetion Bank dat edesires to Due t oDa amendte and t honis dailAgreemeny outstandingt and: balance oi)f SReubjevolvedct to Aclausemoun t21 due.1 (ii)from the Due amendmen Date to next changest Statemen any to daf thete aintf ormathe specition fprescribedied Revolving un-der Credi sect Intionteres 67(4)t Ra otef .the Consumer Protection Act, Act No 46 of 2012 o7f. 4the. F orlaws the o purposesf Kenya (i o.ef .in interesformat calculation contiontained, paymen in thets St madeatemen by tyou), the will B ankfirst shallbe o,ff wisetthin again thirstty in(30)teres dayst, fee afts,er charges the amendmen and oldest ist damadeted t,ransa deliverct ionto tamounhe Principalts in deCardholderscending aorder supplemen respectivelyary disclosure. statement setting out the changed information. 7ii).5 the. It amendmenyou fail to payt changes at leas anyt the o fMinimum the informa Paymention prescribedt as shown under in the sec Sttionatemen 65(3)t obfy thethe Consumer Due Date ,P aro latectet ionpaymen Act, At cpenalt No ty46 will of 2be012 levied of the on law thes oouf Ktstenandingya (i.e . Minimuminformation Paymen containedt amoun in thet on ini tDueial disclosure Date at the sta Btemenank’s tspeci), thef Biedank la tshalle paymen delivert penal to thety P rarincipalte and Cardholderwill be added a supplemenn the statementary tdisclosure for the sub sstaequentement tmon setttingh. T ouhist tishe inchanged addition in tfoorma the intionteres; t payable on outstanding balance calculated as per clause 7.3 above on outstanding balance. 7a).6 W. Init hincase (30) a Card thirty A daysccoun atft iser overdrawn the amendmen beyondt is t hemade Credi, ift tLimihe changet as on anis yno dat y,a anma overlimiterial changet fee will, as be prescribed charged on; and the b)maximu At leasmt amounthirty (30)t overdrawn days be fonore an they paramendmenticular dayt is will made be ,levied if the andchange added is a on ma theterial St achangetement. for the subsequent month. 722.7..2 P. aymenOn renewalt on t heor Credireplacement Account otf willany t akeCard e,ff updaect whented rules received will be by senthe tB toank your and las credit chosented to address the Card. YAoucc ounare t.bound If the pabyy tmenhe rulet iss made in force by achequet the time it will of tsuakceh erenewalffect when or repla clearedcemen by the. respective bank. 7.8. A flat handling fee will be charged if a cheque or other remittance is not honoured on first presentation. 7S.igna9. Theture amoun ______t of any excess over the Credit Limit, any arrears_ and any Card Transactions made in breach of this Agreement will be immediately payable in full whether or not demanded by the Bank. 7.10. Non-receipt of the Statement by you does not discharge you from the obligations to pay all the amounts due on the Card Account. 7.11. You may not be entitled to interest on any credit balance there may be on the Card Account. 7.12. The Bank will inform you of the applicable, Minimum Payment, Revolving Credit Interest Rate, Late Payment Interest Rate, Over- limit Charge Rate and Handling Fee as described above, at the time of issuance of the Card. Subsequently, the Bank reserves the right to revise Minimum Payment, Revolving Credit and Handling Fee subject to provisions of clause 22.1 (ii) (b). The Bank shall neither be required to seek your consent nor that of the Supplementary Cardholder prior to making any change in the rate of and method of calculating any interest payable by yourself under this Agreement and the failure by the Bank to seek such consent from yourself and/or the Supplementary Cardholder as aforesaid shall not prejudice in any way howsoever the recovery by the Bank of any interest charged as provided in this Agreement subsequent to any such change provided however that the Bank shall give you at least thirty (30) days’ notice prior to any change in the rate or rates of interest payable. You hereby acknowledge and agree that such service of notice of change in the rate or rates of interest payable shall be deemed to be in conformity with the Consumer Protection Act, No 46 of 2012 of the laws of Kenya if served using any of the modes of service set out in Clause 21 below or any other modes of service permitted by law.

Signature ______22.12. The Bank shall not be liable if it is unable to perform its obligations under this Agreement due (directly or indirectly) to the failure of any machine, data processing system or transmissions link or to industrial dispute, strikes, lock outs, acts of any public enemy, wars, blockades, insurrections, riots, epidemics, 8. Chlandargesslides, governmental regulations and directions and anything outside the direct control of the Bank, its agents or sub-contractors. 822.1..13 T.he If wefollowing close orcharges suspend are access payable to inyour respec Credit ot fA tccounhe uset foorf tanyhe Card reason and, we shall will be no debit be tliableed by t othe you Bank for anyto the direc Cardt, indir Accounect, cont ass fequenollowst:ial or special damages aria) sAingn annual from any sub acscript or tomissionion fees on by issuanceus or any o tfhird the parCardty fandor whom on every we are subsequen responsiblet annual, whe renewalther arising dat ein; conb) Atrac casht, or advance statute. charge on the amount of any cash ad22v.14an.c eIf tdebihe Btedan kto i st heunable Card t oA ccounproducet. or send a statement in respect of the Card Account, the Principal Cardholder’s liability for the late payment charges shall ccon) Atinue card f orreplacemen the purposet fee osf calculain caset inga Card such is charge lost or, damagedand in es.tablishing the date on which payment is due, the Bank may select a date in each calendar month a8s.2 t.he T hesta tBemenank willt da tinef.orm you of the applicable annual subscription fees, cash advance charge, card replacement fees as described above, at the time of iss22uan.15.c Tehe of Bthean kCard shall. noSubsequent be liable,t lyresponsible, the Bank orreserves accoun ttablehe righ in anywayt to revise wha (includingtsoever for waiving any loss or, injuryaddit ionor damage of any o whathert soevercharges) arising any foromf the the above use o fsubje any ATct tMo proandv itsheion Ps rincipalof clause Cardholder information agrees it shall tbeo indemni enoughf yfor the the B Bankank agains to producet all losses a copy, ocosf thets, s chargestatemen tand con texpensesaining such which informa thetio Bnank or t hemay means suffer by or whi inchur t hedirec changetly or waindires inctformedly arising. from the use by any Cardholder of an ATM or any breach of this agreement by any Cardholder. 22.16. The Bank may demand at its discretion any amounts due on the Card Account if there is any breach of the Agreement herein by the Principal Cardholder 9. Auortho anriyse Sdupplemen User tary Cardholder. 922.1. 17The. A Bgreemenank mayt mayissue be Cards withdrawn for use a byt any any time nat uralwithou persont not icenomina. ted by the Principal Cardholder as Authorised User/Supplementary Cardholder on the Card Acc22.18oun. Tt. heThe Cardholder Principal Cardholderwarrants the shall comple be liablete accuracy for all amounof the intsf ormaarisingtion from given, or upon losses the incurred applica tbyion thefor Besanktablishing in connec the tionCard w iAthccoun the uset and of anthey sCardubsequen by ant Acommunicauthorised Usertion wi (includingth the Bank any. use in breach of this Agreement which the Bank shall be under no responsibility to prevent), which shall be debited to the Card Acc22.19oun. Tt.he In addiBanktion may to assignits other it spowers rights ,and the beneBankf ishallts under cancel this any Agreemen Authorisedt at any User’s time Card. at any time upon the request in writing of the Principal Cardholder and t22he. 20ret.urn This of Asugreemench Cardt tshallo the be Bank governed, or upon in tallhe respec surrenderts by o tfhe such laws Card of K toen theya Bandank the by parthet iesAu tsubmihorisedt t oUser the .exclusive The Card jurisdic shall remtiona oinf the Ksoleenya re scponourtssibili. ty of the Principal Cardholder. MEMORANDUM OF ACCEPTANCE 10I/W. eA, ubeingtomate thed TDirecellert orsMac/Ahinuthorisede Signatories of ______hereby agree that we have read and fully under10stood.1 T hethe Cardholder terms and condimay usetions the governing Card toge thether use wi tohf hisGuaran/her Ptyersonal Trust B Idenankt i(fKicaenya)tion NumberLimited’s (PI CorporaN) to execute Cardte a as transac set outiont herein at an yabove ATM andor terminals I/we hereb designay acctepedt and agreeby the t oB abideank. If by the them Cardholder. has selected such PIN, all security procedures as described herein apply to each transaction executed by the Cardholder who must exercise all necessary precautions against loss or theft of the Card or disclosure of the PIN. Executed this ______day of ______. (date) / (month) / (year) 11. Withdrawal of use of the Card Option11.1 .I The Bank may at any time and without notice cancel or suspend the right to use any Card entirely or in respect of specific facilities or refuse to re-issue , (In carenewse of paror replacetnership any, club Card, socie, witythou, associat in anytion case and a NffecGOting all yourAuthorised obligat ionsSigna undertories t hisas perAgreemen the account whicht manda shall tcone shouldtinue inexecu forcete. below: 11.2. The decision of the Bank with respect to suspension (temporary or permanent), withdrawal or limitation of usage including reducing Credit Limit, will be at the Bank’s sole discretion at its own judgment. Name11:______.3. The Card remains the property of the Bank at all times. On request, all orS anyigna Cardture:______issued for use on the Card Account must be returned immediat_el__y _to the Bank or to any other person acting for the Bank. The Bank shall notify the Cardholder the particulars of any such other person. Name11:______.4. You as the Principal Cardholder shall be liable for all expenses incurred byS ignathe Btureank:______in reclaiming a cancelled Card. ____

Name:______Signature:______12. Termination 12.1. Either party to this Agreement may seek to terminate the same as follows: Name:______Signature:______12.1.1. The Principal Cardholder may terminate this Agreement by written notice to the Bank but such termination shall only be effective on the return to the Bank of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreement settled in full. Until such Optiontermina II tion, the Bank may reissue Cards from time to time for use in accordance with this Agreement. (In ca12se. 2o.f aNo limitwittedhs tliabiliandingty companyany other) provision, all indebtedness shall at the Bank’s option, and without notice or demand being given, be immediately due and The cpaommonyable andseal t heof tBheank Cus maytomer cancel is hereun this Atgreemeno affixed tin wi thethou presencet notice in o ft:he event of: Directa)or :The death of any Cardholder. b) Insolvency of any Cardholder or failure by the Cardholder to pay any indebtedness hereunder or any other obligation of the Cardholder. Name:______Signature:______c) The institution of garnishee, criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any Cardholder or Authorised User. Directd)or /ACompan breachy or S ecredefaultarty of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bank including the attorney’s collection commission. Name:______Signature:______

13. Refunds and Cardholder Claims 13.1 The Card Account will only be credited with a refund in respect of the Card Transaction if the Bank receives a refund voucher or other refund verification acceptable to it. No claim by the Cardholder against a third party may be subject of a defense or counterclaim against the Bank. No rights of the Cardholder Affix common seal against the Bank may be assigned or otherwise disposed of. 13.2 No Cardholder shall return for cash refund any goods and tickets for services obtained with the Card. Any such refund must be credited only through the Card Account.

14. Responsibility for Service 14.1 The Bank incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute as to the nature, quality of any goods or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. 14.2 All claims including any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction involving Card or other use of the Card Account shall be settled directly between the Merchant and the Cardholder and shall have no effect on the indebtedness of the Cardholder. 14.3 The Bank incurs no liability to the Cardholder for any malfunction of any ATM.

15. Foreign Currency 15.1 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Card is used outside the money area of the Republic of Kenya. 15.2 Card Transactions made in foreign currencies, will be shown on the statement in Shillings and is payable in Shillings converted at the exchange rate charged to the Bank on conversion by MasterCard Asia/Pacific Pte Limited plus a percentage on the converted amount of the value of the foreign transaction and which percentage can vary from time to time. This rate may not be the rate in effect on the date of the transaction.

Signature ______charged to the Bank on conversion by MasterCard Asia/Pacific Pte Limited plus a percentage on the converted amount of the value of the foreign transaction and which percentage can vary from time to time. This rate may not be the rate in effect on the date of the transaction.

16. Security Signature ______16.1 Internet transactions are not always secure. It is the Cardholder’s responsibility to ensure that any Internet transaction is made on a secure site. 16.2 The Bank will not take any responsibility for any misuse of a Card as a result of the customer quoting their Card number over the Internet. 16.3 This Card must NOT be used to fund any acts of terrorism, for money laundering purposes, fraud, or any other illegal activities.

17. Liability for Indebtedness 17.1 The Principal Cardholder is liable to the Bank for all indebtedness incurred by any person Authorised by such Cardholder together with all the applicable charges and interest. 17.2 The Principal Cardholder’s liability to the Bank with each Authorised User shall be joint and several for all indebtedness.

18. Purchases and cash advances made without a Card 18.1 If the Cardholder or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone instruction or requests a cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting the Card (such as for mail order, telephone order or Internet), the legal effect shall be the same as if the Card was used by the Cardholder and a sales voucher or other document or cash advance voucher was signed by the Cardholder. 18.2 The Bank shall debit the Card Account with the amount of all Card Transactions and the Cardholder will be liable to pay the Bank all the amounts so debited whether or not such a voucher or other document is signed by the Cardholder and irrespective of any rights or obligations as between the Merchant and the Cardholder.

19. Consents and conduct of the Account 19.1. Credit reference agencies 19.1.1. You consent to us: 19.1.1.1. Making enquiries about your credit record with any credit reference agency and any other party to confirm the details on this application. 19.1.1.2. Providing regular updates regarding the conduct on your Card Account to the credit reference agencies and allowing them to in turn make the record and details available to other credit grantors. 19.1.1.3. Listing your details with any credit reference agency should you default on your repayment obligations to us. 19.1.1.4. Releasing information to third parties for recovery and/or debt collection purposes. 19.2. Disclosure within Guaranty Trust Bank Group 19.2.1. You consent to us sharing information relating t your Card application, Card or Card Account, any of our affiliates or associates within16 t.he Sec Guuaranrity ty Trust Bank Group for all purposes, including marketing. 16.1 Internet transactions are not always secure. It is the Cardholder’s responsibility to ensure that any Internet transaction 19.2.2. You agree that we may request or authorise any of our affiliates or associates within the Guaranty Trust Bank Group to perform any16. 2or T heall Bofan ourk will not take any responsibility for any misuse of a Card as a result of the customer quoting their Card number o obligations under these rules and that any of our affiliates or associates within Guaranty Trust Bank Group may exercise our rights under these16 rules.3 T.hi Ws eCard may mus t NOT be used to fund any acts of terrorism, for money laundering purposes, fraud, or any other illegal activ disclose information relating to your application, Card or Card Account to our affiliates or associates within Guaranty Trust Bank Group for purposes of the above including Card issuing, administration, dispute handling and debt collection. 17. Liability for Indebtedness 17.1 The Principal Cardholder is liable to the Bank for all indebtedness incurred by any person Authorised by such Cardholder t 20. Malfunction of Electronic Facilities charges and interest. 20.1. We are not responsible for any loss arising from any failure, malfunction or delay in any point-of-sale terminal or ATM, or our suppor17ting.2 T orhe shared Principal Cardholder’s liability to the Bank with each Authorised User shall be joint and several for all indebtedness networks, where applicable, resulting from circumstances beyond our reasonable control. 18. Purchases and cash advances made without a Card 21. Addresses for Notices 18.1 If the Cardholder or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone 21.1. The postal and street address you supply on your application form will be regarded as your chosen address where notices may be givenins andtruc documention or requets sts a cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting in legal proceedings may be served. You must notify us in writing, one of our branches or via email immediately if your chosen street address ororder e-mail, telephone address order or Internet), the legal effect shall be the same as if the Card was used by the Cardholder and a sales v changes. advance voucher was signed by the Cardholder. 21.2. You should send any legal notice to us at our chosen address: 18.2 The Bank shall debit the Card Account with the amount of all Card Transactions and the Cardholder will be liable to pay th 21.2.1. Guaranty Trust Bank (Kenya) Limited, Sky Park building, Plot 1870, Westlands, Nairobi, Kenya, for the attention of the Head of Legal. whether or not such a voucher or other document is signed by the Cardholder and irrespective of any rights or obligations as be 21.3. You acknowledge and agree that this Agreement will be regarded as having been entered into in Kenya and any breach of this AgreemenCardholdert will. be considered as having taken place in Kenya. 21.4. We are entitled, but not obliged, to send you any notice in terms of this agreement to an email address you specified in your applica19tion. Cformonse. Snuchts a emailnd condu ct of the Account communication will be regarded as having been received by you unless the contrary is proved. 19.1. Credit reference agencies 21.5. Any correspondence that we send to you by post will be considered to have arrived within seven (7) days of posting and any corresponden19ce. 1tha.1.t Yweou s cendonsen t to us: to you by fax or email will be considered to have arrived on the day that it was sent. 19.1.1.1. Making enquiries about your credit record with any credit reference agency and any other party to confirm the details 21.6. We are obliged by law to regularly update your personal particulars, such as your residential address and contact information. We may c19on.t1ac.1t. 2y.ou Providing from regular updates regarding the conduct on your Card Account to the credit reference agencies and allowing them to in turn make the record time to time in this regard. and details available to other credit grantors. 22. General 19.1.1.3. Listing your details with any credit reference agency should you default on your repayment obligations to us. 22.1. The Bank may at any time amend these rules by giving you written notice provided that where the Bank desires to amend this Agreemen19t and.1.1:.4. Releasing information to third parties for recovery and/or debt collection purposes. i) Subject to clause 21.1 (ii) the amendment changes any of the information prescribed un-der section 67(4) of the Consumer Protection Act, Ac19t No.2. 46Dis oclof 2012sure within Guaranty Trust Bank Group of the laws of Kenya (i.e. information contained in the Statement), the Bank shall, within thirty (30) days after the amendment is made, deliver19 to. 2the.1. YPourin cconsenipal t to us sharing information relating t your Card application, Card or Card Account, any of our affiliates or Cardholder a supplementary disclosure statement setting out the changed information. Bank Group for all purposes, including marketing. ii) the amendment changes any of the information prescribed under section 65(3) of the Consumer Protection Act, Act No 46 of 2012 of the laws19 .o2f. 2K. enYouya (iagree.e. that we may request or authorise any of our affiliates or associates within the Guaranty Trust Bank Group to information contained in the initial disclosure statement), the Bank shall deliver to the Principal Cardholder a supplementary disclosure statemenobligat settingtions ou undert the these rules and that any of our affiliates or associates within Guaranty Trust Bank Group may exercise our ri changed information; disclose information relating to your application, Card or Card Account to our affiliates or associates within Guaranty Trust Bank Group for purposes of the above a) Within (30) thirty days after the amendment is made, if the change is not a material change, as prescribed; and b) At least thirty (30) daincludingys before Card the issuing , administration, dispute handling and debt collection. amendment is made, if the change is a material change. 22.2. On renewal or replacement of any Card, updated rules will be sent to your last chosen address. You are bound by the rules in force20 a. tMa thelf untimection of su ofc Elh ectronic Facilities renewal or replacement. 20.1. We are not responsible for any loss arising from any failure, malfunction or delay in any point-of-sale terminal or ATM, or our supporting or shared networks, where applicable, resulting from circumstances beyond our reasonable control. Signature ______21. Addresses for Notices 21.1. The postal and street address you supply on your application form will be regarded as your chosen address where notices m in legal proceedings may be served. You must notify us in writing, one of our branches or via email immediately if your chosen changes. 22.3. Neither you nor the Supplement Cardholder may not vary these rules. 22.4. This Agreement will be governed by and interpreted in accordance with the laws of Kenya. 22.5. You agree that we may sue you in a Magistrate’s court or any other competent court to recover any levies due as at the date of instituting the proceedings. 22.6. Any favour or concession we may give you will not affect any of our rights against you. 22.7. Should you default on your Card Account, the law allows us to use any credit balance in another of your Guaranty Trust Bank (Kenya) Limited accounts to set off any amount owing on your Card. 22.8. You must tell us immediately if you are under a bankruptcy order, become insolvent or have any other form of legal disability. 22.9. You will pay all our expenses and other costs in recovering any outstanding amounts you owe us, including legal fees on an attorney and own client scale, collection, tracing and penalty fees. 22.10. A certificated signed by any of our managers (whose appointment need not be proved) as to the amount of your debt to us, the fact that the amount is payable, the rate of interest payable and the date from which such interest is calculated and any other matter relating to the debt, will on its mere production, be sufficient proof of the facts stated in the certificate, unless the contrary is proved. 8. Ch22arg.11es. We can close your Card Account, restrict activity, reduce your Credit Limit or suspend access to your Card Account if we in any way know or suspect that y8our.1. TCardhe f ollowingAccoun tc isharges being areused payable fraudulen in respectly, negligent of thetly use or foorf tillegalhe Card ac tandivities shall or i fbe we debi mustedt do by so the to B complyank to twiheth Card the lawAccoun, without ast nofollowstice t:o you. a)22 .A12n .annual The B ansubk sshallcript ionnot fbeees liable on issuance if it is unable of the t oCard perf ormand onits obligaevery tsubsequenions under tt hisannual Agreemen renewalt due dat e(direc; b) At lycash or indirec advancetly) chargeto the f ailureon the o famoun any machinet of any, cdaastha adprovcanessceing debi sytsedtem to torhe t ransmissionsCard Accoun tlink. or to industrial dispute, strikes, lock outs, acts of any public enemy, wars, blockades, insurrections, riots, epidemics, landc) As clideards, replacemen government tfalee regulas in casetions a andCard direc is lostionst or anddamaged anything. outside the direct control of the Bank, its agents or sub-contractors. 822.2..13 T.he If weBan clok swille or in suspendform you access of the toapplicable your Credi annualt Accoun subscript for anytion reason fees,, cweash will advance not be liable charge to ,you card for replacemen any direct, indirt feesec t,as con describedsequent ialabove or spe, actial the damage time osf iarisssuaningc ferom of anythe Cardact or. omissionSubsequen byt lyus, torhe any Bank third reserves party for the whom righ twe to arerevise responsible (including, whe waivingther arisingor addi intion con otfrac anyt, or o tshertat ucharges)te. any of the above subject to pro22.v14ision. If sthe of Bclauseank is in unableformat tiono produce it shall be or enoughsend a sforta ttemenhe Bankt in trespeco producet of tahe copy Card o fA theccoun statt,emen the Pt rincipalcontaining Cardholder’s such informa liabilitiotny orfor t hethe means late paymen by whitc chargeh the changes shall waconst inueinformed for the. purpose of calculating such charge, and in establishing the date on which payment is due, the Bank may select a date in each calendar month as the statement date. 9. Au22tho.15rise. Tdhe Use Bankr shall not be liable, responsible or accountable in anyway whatsoever for any loss, injury or damage whatsoever arising from the use of any ATM and9.1 Tthe BPanrinkc ipalmay Cardholder issue Cards agrees for use t oby indemni any natfuraly the person Bank nominaagainstt edall bylosses the P, rincipalcosts, charges Cardholder and as expenses Authorised which User t/Sheupplemen Bank maytary s uCardholderffer or incur on direc the tCardly or Accindireounctlt.y ariThesing Prin fromcipal the Cardholder use by any shall Cardholder be liable o ff oran allAT amounM or anyts arisingbreach foromf this, or agreemen losses incurredt by any byCardholder the Bank. in connection with the use of the Card by an A22ut.hori16. sTedhe UserBank (including may demand any auset its in discre breachtion o anyf this amoun Agreements duet whichon the t heCard Bank Accoun shallt ibef there under is anyno responsibili breach of tthey t oA greemenprevent),t whichherein shall by the be P debirincipalted tCardholdero the Card Accor anouny St.upplemen In additiontary to iCardholderts other powers. , the Bank shall cancel any Authorised User’s Card at any time upon the request in writing of the Principal Cardholder and t22he. 17ret.urn Agreemen of such tCard may tbeo t hewi tBhdrawnank, or a upont any ttheime surrender without no oft icesuch. Card to the Bank by the Authorised User. The Card shall remain the sole responsibility of the P22rin.18cipal. T heCardholder Cardholder. warrants the complete accuracy of the information given upon the application for establishing the Card Account and any subsequent communication with the Bank. 10. Au22to.19mate. Thed TBeankller mayMac hinassigne its rights and benefits under this Agreement at any time. 1022.120 T. heThis Cardholder Agreemen mayt shall use be the governed Card toge in tallher respec with hists /byher the Personal laws of IKdenentyifaica andtion the Number parties ( PIsubmiN) tot executo the texclusivee a transac jurisdiction ati onan yo fAT theM Korenya terminals courts designa. ted by the Bank. If the Cardholder has selected such PIN, all security procedures as described herein apply to each transaction executed by the Cardholder who MEMmuOstRANDUM exercise all necessaryOF ACC precauEPTANCtions Eagainst loss or theft of the Card or disclosure of the PIN. I/We, being the Directors/Authorised Signatories of ______hereby agree that we have read and fully 11under. Wistthdoodra twhea l toermsf use and of tcondihe Cartionsd governing the use of Guaranty Trust Bank (Kenya) Limited’s Corporate Card as set out herein above and I/we hereby accept and agree11.1. tTohe abide Bank by may them a.t any time and without notice cancel or suspend the right to use any Card entirely or in respect of specific facilities or refuse to re-issue , renew or replace any Card, without in any case affecting your obligations under this Agreement which shall continue in force. Execu11ted.2 .t hiThes ______decision of the Bank with respect to suspension (temporary or permanent), wi tdayhdrawal of ______or limitation of usage including reducing . (da Credite) /t (monLimit,t h)will / (beyear at) the Bank’s sole discretion at its own judgment. Option11.3 .I The Card remains the property of the Bank at all times. On request, all or any Card issued for use on the Card Account must be returned immediately to (In cathese oBfank par torner tos hipany, clubother, socie personty, acassociating fortion the and Bank NGO. The all BAankuthorised shall no Signatify thetories Cardholder as per the the accoun particularst manda of anyte should such oexecuther pete rbelowson. : 11.4. You as the Principal Cardholder shall be liable for all expenses incurred by the Bank in reclaiming a cancelled Card.

12Name. Term:______ination Signature:______12.1. Either party to this Agreement may seek to terminate the same as follows: Name12:______.1.1. The Principal Cardholder may terminate this Agreement by written noticeS tignao theture Bank:______but such termination shall only be effective on the return to the_ B__an_k of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreement settled in full. Until such Nametermina:______tion, the Bank may reissue Cards from time to time for use in accordanceS ignawitht urethis: ______Agreement. ____ 12.2. Notwithstanding any other provision, all indebtedness shall at the Bank’s option, and without notice or demand being given, be immediately due and Name:______Signature:______payable and the Bank may cancel this Agreement without notice in the event of: a) The death of any Cardholder. Optionb) In sIIolvency of any Cardholder or failure by the Cardholder to pay any indebtedness hereunder or any other obligation of the Cardholder. (In cacs)e Tohef a inslimitittedution liabili of tygarnishee company, )criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any Cardholder or Authorised The cUommonser. seal of the Customer is hereunto affixed in the presence of: d) A breach or default of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bank including the Director: attorney’s collection commission. Name:______Signature:______13. Refunds and Cardholder Claims 13.1 The Card Account will only be credited with a refund in respect of the Card Transaction if the Bank receives a refund voucher or other refund verification Director/Company Secretary acceptable to it. No claim by the Cardholder against a third party may be subject of a defense or counterclaim against the Bank. No rights of the Cardholder Nameagain:______st the Bank may be assigned or otherwise disposed of. Signature:______13.2 No Cardholder shall return for cash refund any goods and tickets for services obtained with the Card. Any such refund must be credited only through the Card Account.

14Aff.i xRes commonponsibili seatyl for Service 14.1 The Bank incurs no liability to any Cardholder if any Merchant denies or fails to honour the Card or if there is dispute as to the nature, quality of any goods or service acquired from the Merchant it being acknowledged that no Merchant is an agent of the Bank. 14.2 All claims including any right of set-off by the Cardholder and any dispute regarding any sales voucher or credit voucher or any transaction involving Card or other use of the Card Account shall be settled directly between the Merchant and the Cardholder and shall have no effect on the indebtedness of the Cardholder. BANK’S COPY

MEMORANDUM OF ACCEPTANCE I/We, being the Directors/Authorised Signatories of ______hereby agree that we have read and fully understood the terms and conditions governing the use of Guaranty Trust Bank (Kenya) Limited’s Corporate Card as set out herein above and I/we hereby accept and agree to abide by them.

Executed this ______day of ______. (date) / (month) / (year)

Option I (In case of partnership, club, society, association and NGO all Authorised Signatories as per the account mandate should execute below:

Name:______Signature:______

Name:______Signature:______

16Name. Sec:______urity Signature:______16.1 Internet transactions are not always secure. It is the Cardholder’s responsibility to ensure that any Internet transaction is made on a secure site. Name16:______.2 The Bank will not take any responsibility for any misuse of a Card as a resulSignat of theure cus:______tomer quoting their Card number over the Internet. ____ 16.3 This Card must NOT be used to fund any acts of terrorism, for money laundering purposes, fraud, or any other illegal activities. Option II 17. Liability for Indebtedness (In case of a limited liability company) 17.1 The Principal Cardholder is liable to the Bank for all indebtedness incurred by any person Authorised by such Cardholder together with all the applicable The common seal of the Customer is hereunto affixed in the presence of: charges and interest. Direct17or:.2 The Principal Cardholder’s liability to the Bank with each Authorised User shall be joint and several for all indebtedness. Name:______Signature:______18. Purchases and cash advances made without a Card 18.1 If the Cardholder or anyone authorized to use the Card provides a mandate, whether such comprises a signed coupon, subscription voucher or telephone Directinorst/ruCompanyction or requesSecretarts ya cash advance or gives the card number to make a purchase or obtain a cash advance, without presenting the Card (such as for mail Nameorder:______, telephone order or Internet), the legal effect shall be the same as if the CardSigna wasture used:______by the Cardholder and a sales voucher or other document or_ c__as_h advance voucher was signed by the Cardholder. 18.2 The Bank shall debit the Card Account with the amount of all Card Transactions and the Cardholder will be liable to pay the Bank all the amounts so debited H. TEwheRMtherS orAND not such CO NDa voucherITION orS other document is signed by the Cardholder and irrespective of any rights or obligations as between the Merchant and the Guaranty Trust Bank (Kenya) Limited Affix Cardholdercommon sea. l Terms and Conditions of Use of MasterCard Credit Card 19. Consents and conduct of the Account Your 19appli.1. cCrediationt freorf erenceand use agencies of our Mas terCard credit card is subject to the following terms and conditions (rules). You must read and understand each clause of the rules 19se.t1 ou.1. tY hereou c.on Remembersent to us :you must always keep to these rules, as they are a binding agreement between you and us, Guaranty Trust Bank (Kenya) Limited (regis19tra.1tion.1. 1number. Making C .enquiries 31073) (hereina about yourfter “credithe Btank”) record. P wileaseth any con creditact ust re iference you need agency further and explana any ottionsher par of anyty tothing con frelairm ttehed tdeo thetail suse on othisf your applica Cardt.ion You. may contact us at 19cu.st1.omer1.2. Pcroareke@gviding regulartbank.com upda ortes speak regarding to us tahet any conduc of ourt on bran yourches Card. Account to the credit reference agencies and allowing them to in turn make the record and details available to other credit grantors. MasterCard19.1.1. 3Credi. Listting Card your T ermsdetails and wi tCondih any tcrediions t reference agency should you default on your repayment obligations to us. 1. Def19ini.1t.ion1.4s. Releasing information to third parties for recovery and/or debt collection purposes. In the19se. 2condi. Disclotionssure within Guaranty Trust Bank Group a)19 “.2A.greemen1. You consent” meanst to yourus sharing applica intionforma andtion these rela trulesing t your(as may Card be applica variedt ionby t,he Card Bank or Cardfrom tAimeccoun to time)t, any toge of ourther a wiffiliath talles paymeor assonct iaintstesruc wittionshin t,he lett Geruarans andt yno Ttrusicest giBanvenk .Group for all purposes, including marketing. 19b) .“2AT.2M”. Y oumean agrees an t haaut omawe tmayed teller reques machinet or au. thorise any of our affiliates or associates within the Guaranty Trust Bank Group to perform any or all of our cobliga) “Autthorisedions under User” these means rules a andperson tha tnomina any of toured underaffiliat esclause or asso 9.1c tiao twhomes wit hinthe G Buaranank shallty T rushavet B ankissued Group a Card may. exercise our rights under these rules. We may d)di sc“Card”lose in meansforma ttionhe relaMastingterCard to your credi applicat cardtion issued, Card to or a CardCardholder Accoun byt t othe our B ankaffilia. tes or associates within Guaranty Trust Bank Group for purposes of the above e)in c“Cardluding A Cardccoun ists” uingmeans, adminis any accountrationt, maindisputtainede handling by the and Bank deb int collerelationction to. Card Transaction. f) “Cardholder” means any person to whom a Card is issued by the Bank. 20. Mag)l f“Cardunction Tran ofs acElectrtion”oni meansc Fac anyiliti epaymens t made or cash advance obtained by the use of the Card, the Card number or in any manner20.1. W aue arethorised not responsible by a Cardholder for any for lossdebi tarising to the Cardfrom Aanyccoun failuret. , malfunction or delay in any point-of-sale terminal or ATM, or our supporting or shared neh) t“Crediworks,t Limiwheret: means applicable the ,maximum resulting fdebirom tcircums balancetances permi ttbeyonded on t heour Card reasonable Accoun cont ast rolde.termined by the Bank in its sole discretion and notified to the Principal Cardholder. 21. Ai)dd “Charges”resses fo meanr Notsice anys fees or interest charged on the Card Account. j)21 “Due.1. T Dahe tpose” meanstal and t hestree datt eaddress of the syoutatemen supplyt re onferred your t oapplica in Clausetion f7orm.1 or will as bede tregardedermined byas tyourhe B ankchosen pursuan addresst to twherehis Agreemen notices tm. ay be given and documents ink) legal“Ken yproceedinga” means tshe may Republic be served of K.enya You. must notify us in writing, one of our branches or via email immediately if your chosen street address or e-mail address cl)hanges “Merchan. t” means a supplier of goods and services and includes an ATM owner. m)21 .“2PI. YN”ou mean shoulds any send personal any legal iden notifticaicet ionto us number at our issuedchosen t oaddres the Cardholders: . n)21 “.P2.rin1. cGipaluaran Cardholder”ty Trust B ankmeans (Kenya) any personLimited in, S whoseky Park name building a Card, Plot A1870ccoun, Wt esis maintlandstained, Nairobi pursuan, Kenyat to, forsuch the person’s attention applica of the Headtion fo or f esLegaltablishmen. t of a Card Acc21.3oun. Yout. acknowledge and agree that this Agreement will be regarded as having been entered into in Kenya and any breach of this Agreement will be co)on “Resideredvolving as Credi havingt” means taken place a credi int Kfacilienyaty .with a minimum repayment option as determined by us from time to time. p)21 “.S4.M WSe” meanare enst ishortled,t bumessaget not obliged service, to whichsend youis an any elec notronictice in communica terms of thistion agreemen done usingt to a an cellphone email address or cellular you nespecitworkfied. in your application form. Such email cq)ommuni “Shillingcast”ion means will be “K regardedenya Shillings’ as having in the been currency received of K enyaby you. unless the contrary is proved. r)21 “St.5.a Atemenny corret” meansspondence the mon thatthly we s sendtatemen to yout re fbyerred pos tto will in Clausebe considered 6.1 to have arrived within seven (7) days of posting and any correspondence that we send tso) y“Souupplemen by fax ortar emaily Cardholder” will be considered means a tpersono have arrivednomina toned tunderhe day clause that it was9.1 t osen whomt. the Bank shall have issued a Card on in21st.ru6. ctWione are of t heobliged Principal by law Cardholder to regularly. update your personal particulars, such as your residential address and contact information. We may contact you from time) “our” to “we”time in“u sthi” ors regard “the B.ank” means Guaranty Trust Bank (Kenya) Limited. u) “you” or “your” means the Principal Cardholder. 21.4. We are entitled, but not obliged, to send you any notice in terms of this agreement to an email address you specified in your application form. Such email communication will be regarded as having been received by you unless the contrary is proved. 21.5. Any correspondence that we send to you by post will be considered to have arrived within seven (7) days of posting and any correspondence that we send to you by fax or email will be considered to have arrived on the day that it was sent. 21.6. We are obliged by law to regularly update your personal particulars, such as your residential address and contact informa time to time in this regard. 22. General 22.1. The Bank may at any time amend these rules by giving you written notice provided that where the Bank desires to amend thi i) Subject to clause 21.1 (ii) the amendment changes any of the information prescribed un-der section 67(4) of the Consumer Protection Act, Act No 46 of 2012 of the laws of Kenya (i.e. information contained in the Statement), the Bank shall, within thirty (30) days after the amendment Cardholder a supplementary disclosure statement setting out the changed information. ii) the amendment changes any of the information prescribed under section 65(3) of the Consumer Protection Act, Act No 46 of 20 information contained in the initial disclosure statement), the Bank shall deliver to the Principal Cardholder a supplementary disclosure statement setting out the changed information; a) Within (30) thirty days after the amendment is made, if the change is not a material change, as prescribed; and b) At least amendment is made, if the change is a material change. 22.2. On renewal or replacement of any Card, updated rules will be sent to your last chosen address. You are bound by the rules 22.3. Neither you nor the Supplement Cardholder may not vary these rules. renewal or replacement. 22.4. This Agreement will be governed by and interpreted in accordance with the laws of Kenya. 22.5. You agree that we may sue you in a Magistrate’s court or any other competent court to recover any levies due as at the date of instituting Stheigna proceedingsture ______. _ 22.6. Any favour or concession we may give you will not affect any of our rights against you. 22.7. Should you default on your Card Account, the law allows us to use any credit balance in another of your Guaranty Trust Bank (Kenya) Limited accounts to set off any amount owing on your Card. 22.8. You must tell us immediately if you are under a bankruptcy order, become insolvent or have any other form of legal disability. 22.9. You will pay all our expenses and other costs in recovering any outstanding amounts you owe us, including legal fees on an attorney and own client scale, collection, tracing and penalty fees. 22.10. A certificated signed by any of our managers (whose appointment need not be proved) as to the amount of your debt to us, the fact that the amount is payable, the rate of interest payable and the date from which such interest is calculated and any other matter relating to the debt, will on its mere production, be sufficient proof of the facts stated in the certificate, unless the contrary is proved. 22.11. We can close your Card Account, restrict activity, reduce your Credit Limit or suspend access to your Card Account if we in any way know or suspect that your Card Account is being used fraudulently, negligently or for illegal activities or if we must do so to comply with the law, without notice to you. 22.12. The Bank shall not be liable if it is unable to perform its obligations under this Agreement due (directly or indirectly) to the failure of any machine, data processing system or transmissions link or to industrial dispute, strikes, lock outs, acts of any public enemy, wars, blockades, insurrections, riots, epidemics, landslides, governmental regulations and directions and anything outside the direct control of the Bank, its agents or sub-contractors. 22.13. If we close or suspend access to your Credit Account for any reason, we will not be liable to you for any direct, indirect, consequential or special damages arising from any act or omission by us or any third party for whom we are responsible, whether arising in contract, or statute. 22.14. If the Bank is unable to produce or send a statement in respect of the Card Account, the Principal Cardholder’s liability for the late payment charges shall continue for the purpose of calculating such charge, and in establishing the date on which payment is due, the Bank may select a date in each calendar month as the statement date. 22.15. The Bank shall not be liable, responsible or accountable in anyway whatsoever for any loss, injury or damage whatsoever arising from the use of any ATM and the Principal Cardholder agrees to indemnify the Bank against all losses, costs, charges and expenses which the Bank may suffer or incur directly or indirectly arising from the use by any Cardholder of an ATM or any breach of this agreement by any Cardholder. 22.16. The Bank may demand at its discretion any amounts due on the Card Account if there is any breach of the Agreement herein by the Principal Cardholder or any Supplementary Cardholder. 22.17. Agreement may be withdrawn at any time without notice. 22.18. The Cardholder warrants the complete accuracy of the information given upon the application for establishing the Card Account and 22an.y3 .s Neiubstequenher yout nor the Supplement Cardholder may not vary these rules. communication with the Bank. 22.4. This Agreement will be governed by and interpreted in accordance with the laws of Kenya. 22.19. The Bank may assign its rights and benefits under this Agreement at any time. 22.5. You agree that we may sue you in a Magistrate’s court or any other competent court to recover any levies due as at the da 22.20. This Agreement shall be governed in all respects by the laws of Kenya and the parties submit to the exclusive jurisdiction of the Kenya c22our.6ts. .Any favour or concession we may give you will not affect any of our rights against you. 22.7. Should you default on your Card Account, the law allows us to use any credit balance in another of your Guaranty Trust Ba MEMORANDUM OF ACCEPTANCE set off any amount owing on your Card. I/We, being the Directors/Authorised Signatories of ______hereby agree that we have22 read.8. Y ouand mu fullst yt ell us immediately if you are under a bankruptcy order, become insolvent or have any other form of legal disabi understood the terms and conditions governing the use of Guaranty Trust Bank (Kenya) Limited’s Corporate Card as set out herein above and I/we22 hereb.9. Youy awillccep payt all our expenses and other costs in recovering any outstanding amounts you owe us, including legal fees on a and agree to abide by them. collection, tracing and penalty fees. 22.10. A certificated signed by any of our managers (whose appointment need not be proved) as to the amount of your debt to us, the fact that the amount is Executed this ______day of ______. (date)payable / (month), t he/ ( yraearte) of interest payable and the date from which such interest is calculated and any other matter relating to the debt, will on its mere production, be sufficient proof of the facts stated in the certificate, unless the contrary is proved. Option I 22.11. We can close your Card Account, restrict activity, reduce your Credit Limit or suspend access to your Card Account if we (In case of partnership, club, society, association and NGO all Authorised Signatories as per the account mandate should execute below: your Card Account is being used fraudulently, negligently or for illegal activities or if we must do so to comply with the law, 22.12. The Bank shall not be liable if it is unable to perform its obligations under this Agreement due (directly or indirectly processing system or transmissions link or to industrial dispute, strikes, lock outs, acts of any public enemy, wars, blockades Name:______Signature:______landslides, _governmen___ tal regulations and directions and anything outside the direct control of the Bank, its agents or sub-cont 22.13. If we close or suspend access to your Credit Account for any reason, we will not be liable to you for any direct, indire Name:______Signature:______arising from_ __any_ act or omission by us or any third party for whom we are responsible, whether arising in contract, or statute. 22.14. If the Bank is unable to produce or send a statement in respect of the Card Account, the Principal Cardholder’s liability for the late payment charges shall Name:______Signature:______continue for_ __the_ purpose of calculating such charge, and in establishing the date on which payment is due, the Bank may select as the statement date. Name:______Signature:______22.15. The Bank shall not be liable, responsible or accountable in anyway whatsoever for any loss, injury or damage whatsoever arising from the use of any ATM and the Principal Cardholder agrees to indemnify the Bank against all losses, costs, charges and expenses which the Bank may su Option II indirectly arising from the use by any Cardholder of an ATM or any breach of this agreement by any Cardholder. (In case of a limited liability company) 22.16. The Bank may demand at its discretion any amounts due on the Card Account if there is any breach of the Agreement herein The common seal of the Customer is hereunto affixed in the presence of: or any Supplementary Cardholder. 22.17. Agreement may be withdrawn at any time without notice. Director: 22.18. The Cardholder warrants the complete accuracy of the information given upon the application for establishing the Card Account and any subsequent