J&T banka d.d., Aleja kralja Zvonimira 1, 42000 Varaždin,OIB: 38182927268,represented by

______(hereinafter: the Bank)

(Name, surname and function)

and the company

(Title, seat and OIB - Croatian Personal identification number)

represented by

(Name, surname and function)

(hereinafter: the Company),

concluded on / in

CONTRACT

on Opening and Maintenance of Transaction Business Account

HR ______

Article 1

The Bank and the Company, based on written request of the Company concludethis Contract on opening and maintenance of transaction business account (hereinafter: Account) and on performing domestic and international payments, by which they regulate mutual rights and obligations in line with the General Business Terms and Conditions of J&T banka d.d. and General Terms and Conditions of Business Clients’ Transaction Accounts.

The Account will be used for performing domestic and international payments in line with the valid regulations.

Article 2

The Bank opens for the Company the following account:

  1. account for regular operations
  2. account for assets not liable to foreclosure according to regulations
  3. account for operation of an organizational part of the Company

4. special purpose account:

Article 3

The Bank opens the Account from Article 2 of this Contract and assigns the number HR______.

Article 4

At the opening of the Account, the Company has to authorize for the Account one or more natural persons who are authorised to dispose with the funds on the Account i.e. Signature list of the authorised persons for the transaction business account has to be signed and constitutes an integral part of the contract.

Article 5

The Company will perform payment operations through this Account and will direct the assets earned by its registered operations to this Account and give orders for payments from this Account.

Article 6

The Bank will execute the received payment orders on requested date provided there is a full cash cover on the account as well as enable the use of incoming assets in line with the valid payment regulations.

Article 7

The Bank is obliged to make evidence of all the changes that will occur on the Company account and send reports regularly by means of Account statements, in the way and within terms that the Company has defined in the Transaction account opening form.

The Company can lodge a complaint on the Account statement within 8 (eight) days from the date of receipt, and on the contrary, it will be considered that it fully agrees with the statement.

Article 8

The Bank charges fees for performing payment operations as defined in the Bank’s Decision on Fees Charged for Payment Transaction Services with Corporate and Retail Clients, for Services Provided in Corporate Transactions or as defined by separate individual decision of the Bank.

The Bank issues invoice to the Company for the fees and commissions.

The Company authorizes the Bank to collect the fees from the line 1 of this Article directly, in the form of direct debit of the Account.

In case that there are not enough funds, the Bank may debit any and all the accounts of the Company opened in the Bank, and in this sense the Company authorizes the Bank to directly debit any and all its accounts opened in the Bank.

Article 9

The Company authorizes the Bank, without any further authorization needed, to collect any unpaid liability occurring from any kind of contractual obligation towards the Bank, from its assets on the Account.

Article 10

The Bank will calculate and pay interest on the assets on the Account to the Company in line with the Decision on interest rates of J&T banka d.d. or in line with the individual decision of the Bank.

Article 11

The Bank will close the Account when the conditions are fulfilled according to valid legal and sub-legal regulations:

-on the request of the Company

-by law (based on decisions of relevant bodies)

-by decision of the Bank.

Article 12

All other items not regulated in this Contract are liable to valid regulations, including Payment schedule for receiving and executing payment transactions, Rulebook on calculation of revaluation, interests and fees and conditions and on calculation of the effective interest rate, Decision on interest rates, Decision on fees charged for payment transaction services with corporate and retail clients, for services provided in corporate transactions, General terms and conditions of J&T banka d.d. and General terms and conditions on business clients transaction accountsin the parts that regulate business operations with the corporates in the Bank.

The Company by signing this Contract confirms that it is acquainted with the above stated acts of the Bank and expressly agrees that the contractual relationship is governed by them and accepts all their future changes and amendments that will be adopted during its existence.

Article 13

The contractual parties are obliged to resolve the disagreements by mutual consent.

In case of dispute arising from this Contract, competent court is the court in Varaždin.

Article 15

This contract is made in two identical copies, 1 (one) for the Company and 1 (one) for the Bank.

The Company J&T banka d.d.

______

(signature of the Authorised Person)

______

J&T banka d.d. – Contract on Opening and Maintenance of Transaction Business Account October2017