mBank.pl

Regulations on Opening, Holding and Closingan Integrated Bank Accountat mBank S.A.

Warsaw, November 2013

Part ICurrent and Auxiliary Bank Account

Cash Deposits and Withdrawals

Term Deposits and Spot FX Transactions

Payment Cards

Table of Contents

CHAPTER 1 General Provisions .......................................................................................................................................................................................4CHAPTER 2 Current and Auxiliary Bank Accounts ....................................................................................................................................................4CHAPTER 3 Interest on Funds in Bank Accounts ......................................................................................................................................................5CHAPTER 4 Principles and Procedure for Entering into a Bank Account Agreement ......................................................................................5CHAPTER 5 Powers of Attorney to Administer the Funds in the Bank Account ................................................................................................6CHAPTER 6 Specimen Signature Card .........................................................................................................................................................................7CHAPTER 7 Administration of the Funds in the Bank Account .............................................................................................................................8CHAPTER 8 Forms Required for Administering the Funds in the Account .........................................................................................................9CHAPTER 9 Monetary Settlement System..................................................................................................................................................................9CHAPTER 10 Closed Cash Deposits and Withdrawals ............................................................................................................................................10CHAPTER 11 Term Deposits and Spot FX Transactions..........................................................................................................................................10CHAPTER 12 Payment Cards ........................................................................................................................................................................................10CHAPTER 13 The Unauthorised Debit Balance ........................................................................................................................................................11CHAPTER 14 Bank Statements and Balance Confirmation ..................................................................................................................................11CHAPTER 15 Termination of the Agreement and Closure of the Bank Account .............................................................................................11CHAPTER 16 Commissions and Fees ..........................................................................................................................................................................12CHAPTER 17 Amendments to the IBAA Regulations .............................................................................................................................................13CHAPTER 18 Final Provisions .......................................................................................................................................................................................13

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CHAPTER 1 General Provisions

§11. PartIoftheRegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.specifiestheprinciplesforopening,maintainingand

closingbymBankS.A.oftheintegratedcurrentandauxiliarybankaccountdenominatedinthezlotyandforeigncurrenciesforresidentsandnon-residentswhoareentrepreneurs,legalpersonsororganisationalunitswithoutlegalpersonalitybutwithlegalcapacity.

2. Theprinciplesofprovidingtheentitiesreferredtoinitem1withaccesstotheInternetelectronicbankingsystemanditsoptionalmodulesandtransactionplatforms,andtheprinciplesofaccesstofundsdepositedontheindicatedbankaccounts,understoodastheoptiontoobtaininformationconnectedwiththeaccounts(passiveaccess),disposeofthefundsdepositedontheaccountsandsetupotherinstructions(activeaccess)bymeansofwiredorwirelesscommunicationdevicesusedbytheCustomeraresetforthinthe“RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.–PartII–mBankS.A.InternetCustomerServiceSystemmBankCompanyNet”.

§2ThetermsusedinPartIoftheRegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.shallbeunderstoodasfollows:1/ Bank–mBankS.A.,2/ payment instruction–theCustomer’sstatementcontainingtheordertodeposit,transferorwithdrawanyfunds,3/ business day–adayonwhichtheBankisopenforcustomers,i.e.eachandeverydayMondaytoFriday,exceptstatutoryholidaysordayspreviously

announcedasholidaysbytheBank,4/ IBAN ID–theInternationalBankAccountNumberusedforcross-bordersettlementsspecifiedintheOrderofthePresidentoftheNBPno.15/2010of15July

2010onthemethodfornumberingbankaccountsheldbybanks(OfficialJournaloftheNBP,no.9item9asamended),5/ NRB ID–theBankAccountNumberusedfordomesticsettlements,asspecifiedintheOrderofthePresidentoftheNBPno.15/2010of15July2010onthe

methodofnumberingbankaccountsheldbybanks(OfficialJournaloftheNBPno.9item9asamended),6/ payment cards–paymentcardsissuedbytheBank,7/ controller–thenaturalpersonspecifiedintheBankAccountAgreement,actingforandonbehalfoftheCustomer,authorisedtodefineandmodifythe

Customer’srightsintheInternetelectronicbankingsystem,inparticularauthorisedtodefineandchangetherightsofthesystemusers,8/ branch–anorganisationalunitoftheBankwhichholdsthebankaccountsreferredtoin§6,9/ optional module or transaction platform–additional,functionallyseparatedmoduleoftheInternetelectronicbankingsystemwhichisabankingproduct

orafunctionoftheInternetelectronicbankingsystemconnectedwithabankingproduct,broadeningtherangeofactivitieswhichcanbeperformedintheInternetelectronicbankingsystemwithintheframeworkofpassiveaccessoractiveaccess,inparticular:Cashmodule,Cardsmodule,TradeFinancemodule,FXplatform,

10/ mBank Group website–themBankGroupwebsitecontainingwebpageslocatedontheBank’swebserverwww.mbank.pl,11/ Customer –entrepreneurs,legalpersonsandorganisationalunitswithoutlegalpersonalitybutwithlegalcapacitythathavesignedaBankAccount

AgreementwiththeBank,12/ Regulations–“RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.–PartI–CurrentandAuxiliaryBankAccount;Cash

DepositsandWithdrawals;TermDepositsandSpotFXTransactions;PaymentCards”,13/ mBank CompanyNet Regulations–“RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.–PartII–mBankS.A.Internet

CustomerServiceSystemmBankCompanyNet”,14/ IBAA Regulations–“RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.”,whosePartIconsistsoftheseRegulations,and

PartIIconsistsofthemBankCompanyNetRegulations,15/ debit balance–negativefundsintheaccount,16/ Bank Account Agreement / Agreement–anIntegratedBankAccountAgreementsignedbytheBankandtheCustomerunderthecurrentIBAARegulations,17/ user–anaturalpersonauthorisedtousetheInternetelectronicbankingsystemforandonbehalfoftheCustomer,indicatedintheAgreementorappointedby

theControllerwhoisdefinedinthemBankCompanyNetRegulations.

§31. BankaccountsareopenedandheldbyBankbranchesonthebasisofaBankAccountAgreement.2. TheBankAccountAgreementissignedbytheBankandCustomerswhosatisfytheconditionsrequiredforopeninganaccountontheprinciplesandinthe

mannerspecifiedintheIBAARegulations.

§41. TheIBAARegulationsconstituteanintegralpartoftheBankAccountAgreementandarebindingonbothitspartiesthroughoutthevalidityoftheAgreement.2. TheBankreservestherighttoamendtheIBAARegulations,althoughtheapplicationoftheamendedIBAARegulationstoAgreementssignedbeforethe

amendmentrequirestheCustomer’sconsentexpressedinthemannerandonprinciplesspecifiedinfurthersectionsoftheIBAARegulations.Therelevantprovisionsofthelaw,inparticularprovisionsoftheCivilCode,BankingLaw,ForeignExchangeLawandthePaymentServicesActapplytomattersnotgovernedbytheseRegulations,provided,however,thatthefollowingprovisionsshallnotapplytoanypaymentservicesprovidedunderanAgreement:ChapterIIofthePaymentServicesActandArticles34-37,sections3and4ofArticle40,Article45,sections2to5ofArticle46,Article47,Article48,Article51,andArticles144to146ofthePaymentServicesActor,ifallowed,anyotherlegalprovisionsthatwillamendormodifytheaboveprovisions.

§5ACustomerwhosubmitspaymentinstructionsmustobservetheprovisionsoftheforeignexchangelaw.

CHAPTER 2 Current and Auxiliary Bank Accounts

§6

1. UnderanAgreement,Customersmayopencurrentandauxiliaryaccounts.2. CurrentaccountsareusedtoaccumulatetheCustomer’sfundsandconductdomesticandinternationalmonetarysettlementsconnectedwiththebusiness

activitiesconducted.3. AuxiliaryaccountsareusedforconductingmonetarysettlementsthatareseparatedbytheCustomer.4. Fundsinthecurrentandauxiliaryaccountsarepayableoneverydemand.

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CHAPTER 3 Interest on Funds in Bank Accounts

§71. FundsdepositedinthebankaccountsbearinterestaccordingtoacurrentvariableinterestrateappliedattheBank.2. TheBankmaychangethecapitalisationperiodsandthelevelofinterestduringthevalidityoftheBankAccountAgreementwithouttheneedtoterminatethe

Agreementifatleastoneofthefollowingcircumstancestakeplace:1/ interestratesarechangedbytheMonetaryPolicyCouncil,2/ interestratesarechangedbycentralbanksofthestatesinwhosecurrenciestheBankholdsaccounts,3/ changeininterestratesontheinterbankmoneymarket(WIBID,WIBOR,LIBOR,EURIBOR),4/ changeintherequiredreserveratio,5/ theprinciplesoftheNBPpolicychangeinamannerthatdirectlyaffectstheliquiditypositionofthebankingsector.

3. TheCustomershallbeinformedofcurrentinterestratesandchangesincapitalisationperiodsorinterestratesandthereasonsforthesechangesintheBank’soperatingroomsintheformofannouncementsorthroughthemBankGroupwebsite,undertheaddress:www.mbank.pl/aktualnosci/msp-korporacje.

§81. Interestonthedepositsispayableintheaccountcurrencyonthefollowingdates:

1/ ondepositaccountspayableondemand–monthly,2/ regardlessofthetypeofaccount(depositaccountspayableondemandaswellasotherbankaccounts,includingtermdepositsaccountspayableona

specificdate)–onthedayonwhichtheaccountisclosed.2. Interestshallappropriatelyaccruefromthedaywhenadepositismadetotheaccountuntilthedayprecedingwithdrawalorclosureoftheaccount.3. InterestdueonaccountspayableondemandisaddedtotheaccountbalanceunlesstheCustomerdecidesotherwise.

§9DetailedinformationonthelevelofinterestonthefundsintheaccountandtheprinciplesandprocedureforcalculatingandpayinginterestisprovidedbytheBank’sauthorisedemployeesrelyingontheappropriateordersofthePresidentoftheBank’sManagementBoard.

CHAPTER 4 Principles and Procedure for Entering into a Bank Account Agreement

§101. IntheBankAccountAgreement,theBankcommitsto:

1/ holdingthefundsentrustedbytheCustomerforthetermoftheAgreementandtoconductmonetarysettlementsontheCustomer’sinstructions,2/ providingtheCustomerwithaccesstothecashaccumulatedontheCustomer’sspecifiedbankaccountsthroughfixedlineorwirelesscommunications

devicesusedbytheCustomer,aswellastoprovidetheCustomerwithaccesstobankinginformationandtofulfiltheCustomer’sinstructions.2. ThroughtheBankAccountAgreement,theCustomerauthorisestheBanktodebithisbankaccountwiththeamountsfromthefulfilledpaymentinstructions,

aswellasthefeesandcommissionsduetotheBankfortheactivitiesperformedandservicesprovidedinconnectionwiththeservicingoftheaccount.3. ThisAgreementisenteredintoforanindefiniteordefiniteperiod.4. AllamendmentstothisAgreement,exceptfor:

1/ changesoftheIBAARegulationsandotherregulationsreferredtointheIBAARegulationsortheAgreement,and2/ changesofthetypeoramountoffeesandcommissionsspecifiedinthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”,Section

1,BankAccounts,mustbemadeinwritingunderthesanctionofinvalidity.

§111. TheBankAccountAgreementshallbesignedontheCustomer’srequestwhentheBankAccountAgreementissignedbypersonsauthorisedtomake

representationsontheproprietaryrightsanddutiesoftheparties.2. InordertoenterintotheAgreement,theCustomersubmitstotheBankthe“ApplicationtoOpen/ChangeanIntegratedBankAccount”,hereinafterreferredto

asthe“Application”.TheApplicationissubmittedinonecopy.3. TheCustomersubmitsalsoonecopyofthe“SpecimenSignatureCard”togetherwiththeApplication.4. TheAgreementissignedwithin7businessdaysfortheBankfollowingthedateofsubmittingtherequireddocuments,specifiedintheIBAARegulations.5. OnecopyofthesignedAgreementremainswiththeBank,whiletheCustomerreceivestheother(togetherwithacopyoftheIBAARegulations).6. TogetherwithacopyoftheAgreement,theBankprovidestheCustomerwiththefollowing,whicharesignedbytheBank:

1/ acopyoftheApplication,2/ acopyofthe“SpecimenSignatureCard”.

7. TheCustomercommitstothenon-disclosureofthedocumentsreferredtoinparagraph6tounauthorisedpersons.8. TheBankhastherighttorefusetoenterintotheBankAccountAgreementwithoutprovidingareason.

§121. WhensubmittingtheApplication,theCustomerpresentsthefollowingdocumentstotheBank:

1/ thecompany’sarticlesofassociationorby-laws–accordingtothelegalstatusandthenatureoftheapplicant’sactivities,2/ adocumentconfirmingthecommencementofbusinessactivitiesiftheCustomerisnotsubjecttotheobligationofbeingreportedtotheNationalCourt

RegisterortheCentralRegistrationandInformationonBusiness(CEIDG),3/ decisiononassigningthetaxidentificationnumberNIPunlesstheNIPhadbeenenteredintheNationalCourtRegister,andanyotherdocumentsrequiredbytheBank.

2. Incaseofbusinessactivityrequiringaconcession,permit,licenceorconsentofacompetentauthoritytoperformbusinessactivityoranentryinregulatedbusinessregister,theCustomershallmakethestatementonperformanceofsuchactivitiesintheApplication.Incasedescribedintheprecedentsentence,theconcession,permit,licenceorconsentofacompetentauthoritytoperformbusinessactivityorthecertificateofentryinregulatedbusinessregister,aswellasanyotherdocuments,ifsuchdutyarisesfromseparateregulations,mustbeattachedtotheApplication.

3. TheApplicantshouldattachdocumentsspecifyingthepersonsauthorisedtomakerepresentationsonproprietaryrightsanddutiesonhisbehalf.4. Non-residentsshouldsubmit:

1/ extractfromtheregisterofenterprisesfromtheirhomecountrytranslatedintothePolishlanguagebyasworntranslatorand,subjecttotheprovisionsof§16paragraph3,certifiedbyadiplomaticpostoftheRepublicofPolandrelevantforagivencountry,containingthefollowingclause“Certifiedtoconformtothelawsofthecountryofissue”,

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2/ certificateofresidencestatingtheCustomer’staxresidence,issuedbyacompetenttaxauthorityofthecountryinwhichtheCustomer’sregisteredofficeislocated,inthecasewhentheCustomerhassuchacertificate,

3/ andanyotherdocumentsrequiredbytheBank.

§131. TheApplicationreferredtoin§11andthe“SpecimenSignatureCard”shouldbesignedbythepersonsauthorisedtomakerepresentationsontheApplicant’s

proprietaryrightsanddutiesinthepresenceofaBankemployee.2. TheBankconfirmstheidentitiesofthepersonssigningtheApplicationwiththeidentitydocumentspresentedbythesepersons.3. NosignatureisrequiredinthepresenceofaBankemployeebypersonswhosesignaturesandfeaturesoftheiridentitydocuments,aswellasauthorisationsfor

signaturehavealreadybeencheckedbytheBankortheauthenticityandvalidityofthesignatureshasbeenconfirmedbyauthorisedpersonsinanotherBankthatholdstheCustomer’scurrentaccount.

4. TheCustomershallbeliablefortheauthenticityandvalidityofthesignaturesoftheattorneys.

§141. Inordertoopenthebankaccount,theCustomerisobligedtopresentfurtherdocumentsinadditiontothoselistedin§12.2. DetailedinformationonthedocumentsrequiredforopeningtheaccountshallbeprovidedbytheBank’sauthorisedemployees.

§151. IftheBankAccountAgreementissignedwithalimitedliabilitycompanyintheprocessofformationorwithajoint-stockcompanyintheprocessofformation,

theAgreementshallbesignedforadefiniteperiodwithanoptiontoextenditsvalidityforafurtherdefiniteperiod(ortoconvertitintoanagreementsignedforanindefiniteperiodiftheCustomerpresentstheBankwiththerequireddocumentsaftertheregistrationofthecompany).TheBankAccountAgreementshallterminateiftheCustomerfailstosubmitanapplicationtotheNationalCourtRegistertoregisterthecompanywithinsixmonthsofthedateofsignatureofthearticlesofassociationorthedateofpreparationofthecompany’sby-laws.

2. TheCustomerreferredtoinparagraph1mayusefundsontheaccountuptothebalancelimit.

§161. Allthedocumentsrequiredtoopenanaccountshouldbesubmittedinoriginalornotarisedcopies.Documentsdrawnupinaforeignlanguageshouldbe

translatedintoPolishbyasworntranslator.2. Uponverifyingthedocuments,theBankmakesandauthenticatestheirphotocopies,andreturnstheoriginalcopiestotheapplicant.3. Withthereservationoftheprovisionsofparagraph4,entrepreneurswhooperateunderforeignlawsshallsubmitdocumentscertifiedbytheembassyor

consulateoftheRepublicofPolandforthegivencountryoftheapplicant’sregisteredofficecontainingtheclause“Certifiedtoconformtothelawsofthecountryofissue”.ThedocumentsmaybealsonotarisedbyaforeignnotarypublicwhoselicencemustbecertifiedbyanembassyorconsulateoftheRepublicofPolandinthecountryoftheapplicant’sregisteredoffice.

4. Entrepreneurswhoconductactivitiesunderforeignlawsthataresubjecttotheprovisionsofinternationallawthatoverridetherequirementforcertificationofforeignofficialdocumentsshallsubmitofficialdocumentscertifiedinaccordancewiththeseregulations.DetailedinformationonthisshallbeprovidedbytheBank’sauthorisedemployees.

§17Anattorneymayopenanaccountwhenthepowerofattorneyissubmittedwithnotarisedsignaturesofthepersonsauthorisedtomakerepresentationsonproprietaryrightsanddutiesoftheprincipal.Thepowerofattorneyshallcoveranauthorisationtoperformactivitiesofaspecifictypeoranauthorisationtoperformparticularactivities(i.e.tosignabankaccountagreement,includingthedesignationofindividualsauthorisedtousethefundsontheaccount).Fornon-residents,thedocumentmustbecertifiedinaccordancewiththeprinciplesspecifiedin§16,paragraphs3and4.

§181. TheCustomershallbeobligedtoimmediatelynotifytheBankinwritingofanychangestothedatacontainedintheApplicationandotherdocuments

submittedtotheBankinordertosigntheAgreement.ThenoticeshouldbesignedbypersonsauthorisedtosubmitrepresentationsontheCustomer’sproprietaryrightsandduties.

2. IntheeventofachangeintheCustomer’snameorlegalformfollowingamerger,split,transformationoranotherchange,theCustomershouldcommunicatesuchchangestotheBankandattachdocumentsthatconfirmsuchchangesandtheirextent,inparticular,alegallybindingdecisionofthecourtregardingthesechangesandotherdocumentsrequiredbytheBankinordertodecidewhethertokeeptheexistingaccountnumberorestablishanewnumber.

3. IfthechangeconsistsintheCustomertakingupbusinessactivitysubjecttoaconcession,permit,licence,consentofacompetentauthoritytorunsuchbusinessactivityorsubjecttoregistrationinthebusinessactivityregister,theCustomershallimmediatelypresenttheBankwithadocumentconfirmingthatsuchanactivityisperformedinaccordancewithlegalregulations(i.e.respectivelywithaconcession,permit,licence,consentofacompetentauthoritytoperformthebusinessactivityorwithabusinessactivityregistrationcertificate).

CHAPTER 5 Powers of Attorney to Administer the Funds in the Bank Account

§191. WiththereservationofprovisionsofthemBankCompanyNetRegulations,theCustomermayappointanattorney(attorneys)toadministerthefundsinthe

account.Thepowerofattorneymayonlybeissuedinwriting.Thepowerofattorneymaybepermanent,temporaryorone-time.2. UnlesstheCustomerdecidesotherwise,thepowerofattorneyshallbevalidforalloftheCustomer’scurrentandauxiliaryaccounts.

§20Apermanentpowerofattorneymaybegrantedas:1/ ageneralpowerofattorney(asunderstoodintheseRegulations)underwhichtheattorneymayoperatetothesameextentastheCustomer,includingcheque

operations,2/ aspecialpowerofattorney(asunderstoodintheseRegulations)underwhichtheattorneyisauthorisedtoadministertheaccountexclusivelytotheextent

specifiedbytheCustomerinthepowerofattorney,includingchequeoperations.

§21Theattorneyisnotentitledtograntfurtherpowersofattorneyunlessthecontentsofthepowerofattorneyspecifiesotherwise.

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§221. ApowerofattorneymaybegrantedbytheCustomer:

1/ directlyattheBank’sbranchthatholdshisaccount,by:a/ enteringtheattorney’sdetailsintothe“SpecimenSignatureCard”.Inorderforthepowerofattorneytobevalid,theattorneymustsubmitaspecimen

signatureonthe“SpecimenSignatureCard”.ThepowerofattorneyshouldbeconfirmedbythesignaturesoftheattorneyandtheCustomer,placedonthe“SpecimenSignatureCard”inthepresenceofaBankrepresentative.Inabsenceofanythingcontrary,itisassumedthatthepowerofattorneygrantedbywayofentryinthe“SpecimenSignatureCard”isageneralpowerofattorney(withinthemeaningoftheseRegulations);

b/ submittingtotheBank’sbranchthatholdstheCustomer’saccountaCustomerinstructionauthorisingtheattorneytoperformspecificactivitiesintheaccountinaspecificperiodorjustonce.ThepowerofattorneyshouldbeconfirmedbythesignaturesoftheattorneyandtheCustomerinthepresenceofaBankrepresentative,

2/ correspondence–bysubmittingtotheBank’sbranchthatholdstheCustomer’saccountanotarialcopyofthenotarialdeedholdingthepowerofattorneytoperformspecificactivity/activitiesintheaccountinaspecificperiodorjustonce.

2. ApowerofattorneygrantedbytheCustomerwhoisanon-residentbycorrespondenceshouldbeexecutedbyrelevantforeignnotarywhosecompetenciesshallbeconfirmedbyPolishembassyorconsulatecompetentfortheapplicant’scountry.

3. TheBankshallnotifytheCustomerforthwithinwritingoftheacceptanceorrefusaltoacceptthepowerofattorney(andthereasonsforsuchrefusal)grantedbycorrespondence.

§23Thepowerofattorneyshouldcontaininparticularthefollowinginformation:1/ theattorney’sforenameandsurname,2/ thefeaturesoftheattorney’sidentitydocument(thePESELnumberforresidentsorthedateofbirthfornon-residents)andtheplaceofissueofsuch

document,3/ citizenship,4/ placeofresidence(country,postalcode,city/town,street,buildingorapartmentnumber),5/ typeofthepowerofattorney:generalorspecial(withinthemeaningoftheseRegulations)andthescopeofthepowerofattorneywhenitisspecial,6/ whetherthepowerofattorneyisone-offorisgrantedforaperiod“from...to...”,7/ theattorney’sspecimensignature.

§241. ThepowerofattorneymaybeamendedorrevokedbytheCustomeronhiswritteninstructionsconfirmedinthemannerspecifiedin§22,paragraph1.2. Therevocationofthepowerofattorneybecomeseffectiveonthedayfollowingthesubmissionorreceiptoftheinstructionatthebranchthatholdsthe

account.3. Thepowerofattorneyexpiresasaresultof:

1/ thediscontinuationoftheprincipal’slegalexistence,2/ thedeathoftheprincipalortheattorney,3/ theexpiryoftheperiodforwhichitwasgranted,4/ revocation.

CHAPTER 6 Specimen Signature Card

§251. The“SpecimenSignatureCard”constitutesanintegralpartoftheBankAccountAgreement.WiththereservationofthemBankCompanyNetRegulations,itisa

documentthatdefinestherightsofthepersonstoadministerfundsintheCustomer’saccount/accountsandisusedtorecordspecimensoftheirsignatures.2. The“Identitycardforpersonsauthorisedtousethebankaccount”constitutesanintegralpartofthe“SpecimenSignatureCard”.TheCustomerisresponsible

forcompletingthe“Identitycardforpersonsauthorisedtousethebankaccount”foreverysuchperson.3. Inthe“Content/Specimen*oftheCompanyseal”fieldofthe“SpecimenSignatureCard”,theCustomermay:

1/ leavetheword“Content”anddeletetheword“Specimen”,legiblyentertheexactcontentofthecompanysealusedorprinttheseal.Achangeinthefontortheinkoftheseal,whichdoesnotinvolveachangeinthecontentoftheseal,asspecifiedinthe“SpecimenSignatureCard”,doesnotrequireachangetothe“SpecimenSignatureCard”andisdeemedbythepartiestotheAgreementasinsignificantforacceptanceandfulfilmentoftheCustomer’sinstructionsbytheBank,

2/ deletetheword“Content”andleavetheword“Specimen”andincludeaprintofthecompanyseal.Fortheinstructionstobevalid,thedocumentcontainingtheinstructionmustthenbestampedwiththecompanyseal,whichiscompliantwiththespecimeninthe“SpecimenSignatureCard”,withthereservationthatthespecimenofthesealdoesnotinvolvethetypeofinkusedtomaketheprintoftheseal,

3/ deletethewords“Content”and“Specimen”andenter“noseal/stamp”.Insuchacase,theinclusionoftheCustomer’ssealshallnotberequiredontheinstructionforms.

§261. IftheCustomerdecidesthatinstructionsforhisaccountaretobesignedbymorethanoneperson,twoormoresignatureswillberequiredinthecombination

specifiedbytheCustomer.2. Thesignaturesofthepersonsnamedinthe“SpecimenSignatureCard”orthesignaturesoftheattorneysreferredtoin§22,paragraph1,item1letterband

item2arerequiredforthebankaccountinstructiontobevalid.

§271. The“SpecimenSignatureCard”isvaliduntilitisrevokedinwritingbytheCustomer.TherevocationiseffectiveonthedayfollowingthedatetheBankreceives

therevocationoronalaterdate,asspecifiedbytheCustomer.2. Thepersonsnamedinthe“SpecimenSignatureCard”losetherightstoadministerthefundsinthebankaccountonthedatesspecifiedinparagraph1onthe

basisofawrittennotice(revocation)senttotheBankandsignedbythepersonsauthorisedtomakerepresentationsontheCustomer’sproprietaryrightsandduties.

3. Intheeventofthefailuretonotifythebankofthefactreferredtoinparagraph2,theBankshallnotbeheldliableforanyresultingdamages.

§281. Achangeinthepersonsauthorisedtoadministerthefundsintheaccountrequiresthepreparationofanew“SpecimenSignatureCard”andthecancellationof

theexisting“SpecimenSignatureCard”.

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2. Achangeinthepersonsauthorisedtoadministerthefundsintheaccountrequiresthepresentationofnewdocumentsfromwhichthechangearises.InexceptionalcasesandontheCustomer’swrittenrequest,theBankmayintroducethesechangesbeforecourtregistrationundertheconditionthattheBankispresentedtheoriginalsornotarisedcopiesofdocumentsfromwhichthesechangesarise.Provisionsof§16paragraph2areappliedaccordingly.

3. TheCustomershouldalsosubmitanew“SpecimenSignatureCard”ifthereisachangeto:1/ thecompany’snameoraddress,2/ thecompanyseal,3/ theCustomer’slegalform,

andotherreasonsthataffecttheadministrationofthefundsinthebankaccount.

CHAPTER 7 Administration of the Funds in the Bank Account

§291. TheCustomermayfreelyadministerthefundsuptothecurrentbalanceonthebankaccountwithintheframeworkoftheapplicableprovisionsofthelawand

subjecttotherestrictionsarisingfromtheagreementssignedbytheCustomerandtheBank.2. Ifinstructionscoincidewherefulfilmentofoneinstructionwhollyorpartiallyprecludesfulfilmentoftheother,theBankmaysuspendtheirfulfilmentuntilthe

receiptoftheCustomer’sfinaldecision.3. IftheCustomer’sinstructionisinconsistentwiththeRegulations,theBankAccountAgreementortheprovisionsofthelaw,theBankrefusestofulfilthe

instruction.4. IftheCustomer’spaymentinstructionwiththefeeorcommissionduetotheBankisnotcoveredbythefundsinthebankaccount,theBankmayrefuseto

fulfiltheinstruction.5. PaymentinstructionsnotcoveredbythefundsintheaccountsmaybefulfilledwiththeBank’sconsentattheamountandundertheconditionsindividually

laiddowninaseparateagreementwiththeBank.6. TheBankshallfulfilpaymentinstructionsinconformitywiththebankaccountnumberspecifiedbytheCustomerinagivenpaymentinstruction.7. IftheCustomerentersanincorrectNRBIDorincorrectIBANIDintheinstruction,theBankmayrefusetofulfiltheinstruction.AnincorrectNRBorIBANID

istheonethatisinconsistentwiththebankaccountnumberstandardspecifiedintheOrderofthePresidentoftheNBPno.15/2010of15July2010onthemethodofnumberingbankaccountsheldbybanks(OfficialJournaloftheNBPno.9item9asamended).

8. IncaseofdomesticorforeignincomingpaymentordersfulfilledbytheBank,theBankshallmakepostingsexclusivelywiththeuseofthebeneficiary’saccountnumberincludedintheincomingpaymentorder.TheBankshallnotverifythenameagainstthebeneficiary’saccountnumber.

9. TheBankmaywithholdfulfilmentoftransactionsontheaccountintheeventoffailureinthecomputersystemorofthetelecommunicationsystemwhichmaketheaccesstoaccountingrecordsandongoinghandlingofaccountsimpossible,untilsuchafailureisremedied.

10. TheBank’ssuspensionorrefusaltofulfiltransactionsforthereasonsspecifiedinparagraphs3,4,7and9shallnotbreachthetermsandconditionsoftheBankAccountAgreement.

§30TheCustomerisobligedtoobserveformsandprinciplesthatapplytomonetarysettlementsindomesticandinternationaltradingthatapplyintheBank.

§311. ApaymentinstructionshallbedeemedreceivedbytheBankuponreceivingbytheBankapaymentinstructionthatiscorrectlyfilledin,provided,however,that

iftheBankhasreceivedapaymentinstructiononanon-businessday,itshallbedeemedreceivedbytheBankonthefirstbusinessdaythereafter.2. IftheBankreceivesapaymentinstructionreferredtoinparagraph1afterthecut-offtimespecifiedbytheBankpursuanttoparagraph3,itshallbedeemed

receivedbytheBankonthenextbusinessdayfortheBank.3. Thedetailsrelatingto:

1/ cut-offtimesandfulfilmentdatesapplicabletotheCustomer’sinstructions,2/ theamountlimitofcashwithdrawalsabovewhichtheBankmustbeadvised(inperson,bytested(encrypted)faxtransmissionorviaelectronicbanking

systems),and3/ theformsandmethodsappliedbytheBanktocashsettlements,shallbenotifiedtotheCustomerbydisplayinginformationintheBank’soperatingroomsoronthemBankGroupwebsite.

§321. TheCustomermaysubmitpaymentinstructionswithafuturefulfilmentdate.2. Ifthedateforthefulfilmentoftheinstructionreferredtoinparagraph1isanon-businessdayfortheBank,theBankshallfulfiltheinstructionontheBank’s

firstbusinessdayfollowingthenon-businessday.3. TheCustomermaycancelthesubmittedpaymentinstructionuptothebusinessdayprecedingtheinstructionfulfilmentdateinclusive.

§331. TheBankcarriesoutpaymentinstructionsoftheCustomerdenominatedinthezlotyorinaforeigncurrencyincludedinthemBankS.A.ExchangeRates,

withthereservationthatpaymentinstructionsinvolvingincomingandoutgoingcashpaymentsarecarriedoutonlyincurrenciesnotifiedtotheCustomerbydisplayinginformationintheBank’soperatingroomsoronthemBankGroupwebsite.

2. Inthecasewhenitisnecessarytoconverttheinstructionamount,theBankeffectsthetransactionusingtheexchangerateofthecurrencyreferredtoinparagraph1,applicableattheBankatthetimewhenthepaymentinstructioniscarriedout.

3. Theprinciplesspecifiedinparagraphs1and2applyunlesstheprovisionsofseparateagreementsenteredintobetweentheCustomerandtheBankprovideotherwise.

§341. TheBankshallhavetherightto:

1/ fulfilinstructionsinanymannerthatisdeemedreasonableinthelightofspecificfeaturesofagiveninstruction,2/ fulfilinstructioninadifferentorderthantheorderoftheirsubmission.

2. Withthereservationofparagraph4,upontheCustomer’sorder,theBankmayfulfiltheinstructionto:1/ setthepriorityforfulfillinginstructions,2/ blockaspecificamount.

3. TheCustomer’sinstructionsshallnotsuspendanypaymentsofamountsduetotheBank.TheBank’sclaimsagainsttheCustomer,includinganyclaimsresultingfromanyotheragreementsbetweentheCustomerandtheBank,maybedeductedwithoutmakinganyotherstatementstotheCustomer.

4. TheabilityoftheCustomertoadministerthefundsintheaccountmayberestrictedfollowingawrittennoticesenttotheBankbyabailifforanadministrativeenforcementauthoritytoperformanenforcementseizureortoseizemonetaryclaimsfromthebankaccountinconnectionwithenforcementproceedingsorproceedingstosecureclaims.Sucharestrictionmayalsofollowthedecisionofanauthorisedbodyofstateadministration.InsuchcasestheCustomer’sinstructionshallbeineffective.

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§35Afterhavingsignedseparateagreements,theCustomermayplacetheinstructions:1/ electronicallythroughanelectronicbankingsystemusedbytheBankotherthantheinternetbankingsystem,2/ usingtelecommunicationssystems.

§361. TheBankisliableforthepromptandcorrectperformanceofmonetarysettlementsprovidedthattheinstructionisplacedinamannerthatenablesitscorrect

fulfilment.TheBank’sliabilitydoesnotcoverdamagescausedbycircumstancesbeyondtheBank’scontrol,inparticular,forcemajeureordecisionsofthestateauthorities.Inanycase,theBank’sliabilityshallbelimitedtothelossandshallnotcovertheCustomer’slostbenefits.

2. TheBankshallpaydefaultinterestatthestatutoryinterestrateforeverydayofdelayinthefulfilmentoftheCustomer’scorrectinstructionforreasonsotherthanstatedintheseRegulations,whichshallbecalculatedontheamountoftheCustomer’sinstruction.

§371. TheCustomerauthorisestheBanktodebithisbankaccountbytheamountofpaymentinstructionsfulfilled.2. TheBankshalldebittheCustomer’saccountwhenthepaymentinstructionisfulfilledunlessotherwiseprovidedforbytheprovisionsofagreementssignedby

theCustomerandtheBank,includingtheBankAccountAgreement.3. Atthetimewhentheaccountisdebitedwiththeinstructionamount,theCustomerisobligedtohavefundsdepositedonhisbankaccounttotallingthe

instructionamountincreasedbyfeesandcommissionsduetotheBank.

§381. WiththereservationofprovisionsofthemBankCompanyNetRegulations,theBankfulfilsinstructionsfromthebankaccountthataresignedbythepersons

namedinthe“SpecimenSignatureCard”orbytheattorneysreferredtointheseRegulations.Theuseoffacsimilesinsteadofsignaturesisprohibited.2. UnlessthesignaturesontheinstructionsoftheCustomerorpersonsauthorisedtoadministerthefundsintheaccountcomplywiththespecimensignatures

placedwiththeBank,theinstructionsshallnotbeexecutedbytheBank.3. ThecontentorprintofacompanysealontheCustomer’sinstructionsmustcomplywiththecontentorspecimenofthestamponthe“SpecimenSignature

Card”.4. AnypaymentinstructionssubmittedtotheBankpursuanttoparagraphs1through3shallbedeemedauthorisedbytheCustomer.Theauthorisationofa

paymentinstructionshallbetantamounttotheCustomer’sconsenttothefulfilmentofsuchinstruction.

§39IntheeventthattheBankrefusestofulfilapaymentinstruction,theBankshallpromptlynotifytheCustomerofsuchrefusalandofthereasonforsuchrefusal.

CHAPTER 8 Forms Required for Administering the Funds in the Account

§401. TheCustomershallplaceinstructionsonformsissuedbytheBankorotherformsagreedwiththeBank.2. CashandclearingchequebooksareissuedbytheBankagainstareceiptontheCustomer’swrittenrequestsignedinaccordancewiththe“SpecimenSignature

Card”.3. ChequebooksareissuedtotheCustomerorpersonsauthorisedbytheCustomerbythebranchoftheBankthatholdstheaccountwhentheBankAccount

Agreementissigned.

§411. Thepersonwhocollectsthecashorclearingchequebookmustcheckthenumberofchequesinthebookandwhethertheyareproperlymarkedwhen

collectingthebookandinthepresenceoftheBankemployeewhoissuesthebook.TheCustomerbearstheriskrelatedtothefailuretocheckthenumberofchequesandtheircorrectmarking.

2. Ifthechequebookorblankorcompletedchequesarelostorstolen,theCustomerisobligedtonotifytheBank’sbranchforthwithinpersonorbytelephone,statingthequantityandnumbersofchequeandchequeamountsifany.Atelephonenotificationmustbeconfirmedforthwithinwriting.Thepersonreportingthelossortheftmustdeclareinthenotificationthatheassumesfullliabilityfortheconsequencesofsuspensionofthechequebeingcashedandfordemandingproofofidentityofthepersonpresentingthecheque.

3. TheBankshallstopthechequesreferredtoinparagraph2,whichcanonlybecancelledbytheCustomerinwriting.4. IftheBankisnotifiedofalossofthechequebookorblankorcompletedchequesatthebranch,theBankisliableforconsequencesofcashingthelostcheques

fromthemomentofreceiptofthewrittennotification.5. TheCustomerisobligedtocarefullystoreblankchequesandprotectthemfromdamage,lossorforgery.

CHAPTER 9 Monetary Settlement System

§421. TheBankperformscashsettlementsinthefollowingforms:

1/ chequesforcash,2/ cashdepositsandwithdrawalsusingtilldocuments,3/ cashwithdrawalsusingpaymentcards.

2. AchequeforcashisusedformakingcashpaymentstothepersonspecifiedbytheCustomeronthecheque(ordercheque)ortothebearer(bearercheque).3. TheBankcasheschequesforcash,which:

1/ comefromthechequebookissuedtotheCustomer,2/ havenotbeenblocked,3/ havebeenproperlycompleted(intheeventofdifferencesbetweentheamountsinfiguresandwords,theamountexpressedinwordsshallbedeemed

correct),4/ arepresentedforcashingwithin10calendardaysoftheirissuedate,5/ aresignedinaccordancewiththe“SpecimenSignatureCard”submittedtotheBank,6/ arecoveredbythefundsintheissuer’saccount(chequeswithoutcoverarereturnedwitha“bounced”annotation).

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§431. Non-cashsettlementsareconductedintheformof:

1/ atransferinstruction,2/ anoutgoinginternationalpaymentinstruction,3/ adirectdebit,4/ aclearingcheque,5/ apaymentcards,andotherformsspecifiedinseparateregulations.

2. Ontherequestofthechequeissuer,theBankmayconfirmaclearingchequebyblockingtherespectiveamountintheaccounttocoverthecheque.Chequeconfirmationmaybecomplete(foraspecifiedamount)orincomplete(uptoaspecifiedamount).

§44TheBankverifiestheidentityofthepersonwhoperformsthefollowingactivities:1/ withdrawscash,2/ requestsconfirmationofaclearingchequeonbehalfoftheCustomer,3/ performsthetransactionsreferredtointheregulationsonthepreventionofmoneylaunderingandthepreventionoffinancingofterrorism.

§45TheCustomer,personswhosubmitpaymentinstructionsonbehalfoftheCustomerandpersonswhoadministerthefundsontheCustomer’saccountareobligedtopresentproofofidentityoneveryrequestoftheBankunderthesanctionoftheBank’srefusaltofulfilthetransaction.

CHAPTER 10 Closed Cash Deposits and Withdrawals

§461. TheCustomermayonlyusetheclosedcashdepositandwithdrawalserviceaftermakingtherelevantstatementsintheApplication.2. TheBankacceptsclosedcashdepositsfromtheCustomerontheprinciplesspecifiedinthe“RegulationsonClosedCashDeposits”andintheIBAARegulations.3. TheBankshallmakeclosedcashwithdrawalsupontheCustomer’sinstructionontheprinciplesspecifiedinthe“RegulationsonClosedCashWithdrawals”and

intheIBAARegulations.

CHAPTER 11 Term Deposits and Spot FX Transactions

§471. TheconclusionofatermdeposittransactionandaspotFXtransactionmaybeeffectedviatelephoneorthroughtheInternetelectronicbankingsystemby

personsauthorisedonbehalfoftheCustomerandtheBank.2. InordertocommencecooperationontermdeposittransactionsandspotFXtransactions,theCustomermustspecifythepersonsauthorisedtoconcludesuch

transactionsinthemBankCompanyNetSystemCustomer’sAccessRightsCard,referredtointhemBankCompanyNetRegulations.3. Asperparagraph2,theCustomerisobligatedtoindicateatleastonepersonauthorisedtoconcludetransactionsreferredtoinparagraph1.4. TheCustomerisresponsibleforthepersonauthorisedtoconcludetransactionsimmediatelyupdatingthepersonaldetailstotheextentspecifiedinthe“ID

Card”orinthe“IdentityCardtogetherwithinformationonpersonaldataprocessing”.

§481. TheBankopensandholdstermdepositaccountsfortheCustomersontheprinciplesspecifiedinthe“RegulationsonPLNandFXTermDepositsfor

InstitutionalClients”andintheIBAARegulations.2. TheCustomerandtheBankconcludespotFXtransactionsontheprinciplesspecifiedintheRegulations:“RegulationsonSpotFXTransactions”and“General

TermsandConditionsofCo-operationwithClientsinFinancialMarketTransactions”,aswellasontheprinciplesspecifiedintheIBAARegulations.

§49Inthecaseoftransactionsconcludedoverthetelephone,asufficientconditionforestablishingwhetherthetransactionwasconcludedonbehalfoftheCustomerbyanauthorisedpersonwillbethesubmissionofthefollowinginformationbythepersonindicatedbytheCustomerintheApplicationoronthemBankCompanyNetSystemCustomer’sAccessRightsCard,referredtointhemBankCompanyNetRegulations,asthepersonauthorisedtoconcludetermdepositandspotFXtransactionsoverthetelephone:1/ hisforenameandsurnameand2/ theCustomer’sname.

§501. Thepartiesshallagreethattelephonecallswillberecordedinconnectionwithtransactionsconcludedoverthetelephone.2. Therecordedcallsmaybeusedasaproofinthearbitrationorcourtproceedings.

CHAPTER 12 Payment Cards

§511. TheBankissuespaymentcardsontheCustomer’srequest.2. TheconditionsforissuingpaymentcardstotheCustomerinclude:

1/ CustomerandtheBankenteringintothe“AgreementonPaymentCardsforaCorporateCustomer”,2/ thesubmissionbytheCustomerofanapplicationforissuingpaymentcardconcerningaselectedtypeofcardorcards,3/ signingbytheCustomerastatementofsubmissiontoenforcementproceedingsinthecasewhensuchstatementisrequiredbytheBankinconnection

withthetypeofpaymentcardfortheissueofwhichappliestheCustomer.3. TheBankreservestherighttorefusetoissuethecardwithoutjustification.4. ThedetailedprinciplesofusingandsettlingpaymentcardsissuedbytheBankarespecifiedintheagreementreferredtoparagraph2item1andtherulesof

thosecards.

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CHAPTER 13 The Unauthorised Debit Balance

§52Ifthereisanunauthoriseddebitbalanceonthebankaccount,theBankshallchargeinterestatthestatutoryinterestrate.Theinterestshallaccruefromthedateofthetransactionresultingintheunauthoriseddebitbalanceuntilthedateprecedingitsliquidation.

§531. PaymentsintotheCustomer’saccountwhereanunauthoriseddebitbalanceappearedshallbeappropriatedinthefollowingordertocoveroftheCustomer’s

liabilities:1/ interestduetotheBankfromthedebtthatemerged,2/ theamountofthedebttotheBank,3/ otherpaymentsdueonthedaythefundsarecredited(paid).

2. Wheneverthedebtduetounauthoriseddebitbalanceremainsunpaidafter7daysfromitsoccurrence,theCustomerauthorisestheBanktoset-offcontractuallytheBank’sdebtclaimduetounauthoriseddebitbalance,occurringundertheBankAccountAgreement,againstanydebtclaimwhichtheCustomermayhaveagainsttheBank(whethermaturedornot)underanycurrentaccountagreementorauxiliaryaccountagreement(notexcludingtheBankAccountAgreement)ortermdepositaccountagreement,attheBank’soption.Theset-offshallnotrequireanyadditionaldeclarationoftheBank.IftheaccountisheldinanyothercurrencythanPLN,thenthefundsaccruedonsuchaccountshall,forthepurposeofcoveringoftheCustomer’smatureddebt,beconverted,inrelevantportion,intoPLNattheexchangerategiveninthemBankS.A.ExchangeRatesasonthedayofrepaymentofdebtduetounauthoriseddebitbalance.

CHAPTER 14 Bank Statements and Balance Confirmation

§541. TheBankshalldeterminethebalanceaftereachchangeintheamountoffundsontheaccountbyprovidingbankstatementstotheCustomerasoftenas

specifiedintheApplication.2. Thebankstatementsincludeinformationonpaymentinstructionsfulfilled,aswellassettlements,andfeesandcommissionscollectedbytheBank.3. BankstatementsshallbesuppliedtotheCustomerelectronicallyintheformofelectronicfileswithintheinternetbankingsystem.4. BankstatementsmaybereceivedandviewedbythefollowingusersselectedbytheCustomerintheApplication:

1/ usersauthorisedbythecontrolleror2/ usersspecifiedbytheCustomerintheApplication.

5. StatementsprovidedbytheBankelectronicallyaredocumentsrelatedtobankingactivities,preparedonelectronicmedia.StatementsshallcontainidentificationdatasuchasthestatementdateandlasttwelvedigitsofthegivenCustomerbankaccountnumberforwhichthestatementwasgenerated.

6. Thedate,onwhichstatementsareprovidedtotheCustomerelectronically,asspecifiedinparagraph3,shallbethedateonwhichthestatementismadeavailabletotheCustomer.

7. TheCustomerisobligedtonotifytheBankforthwithofhislackofaccesstobankstatementsmadeavailablebytheBankelectronicallydespiteCustomer’sobservanceofrequirementssetforthinthemBankCompanyNetRegulations.

8. TheBankshallpreparecopiesofbankstatementsagainstafeeontheCustomer’srequest.

§551. Intheeventoffindinganincorrectbalance,theCustomershallreportthiswithin14daysofthereceiptofthebankstatement.TheBankshallreviewtheclaim,

providethenecessaryinformationandcorrect(reverse)theincorrectentryiftheerrorarosefromamistakebytheBank.Thefailuretosubmitobjectionstothestatementwithin14daysofitsreceiptmeanstheCustomer’sconfirmationofcomplianceoftheaccountturnoverandbalance.

2. TheBankisliablefortheprecisefulfilmentofinstructions.TheCustomerisliableforerrorsinthewordingoftheinstructionsissuedtotheBank.TheBankshallnotreverseanaccountasaresultofanerrorintheCustomer’sinstructions.AnypossiblerelateddisputesareresolvedbythepartieswithouttheBank’sparticipation.

§561. TheBankshallsendanoticeoftheaccountbalanceattheendofthecalendaryear.TheCustomershallsignanoticeinaccordancewiththe“Specimen

SignatureCard”submittedtotheBankandreturnitwithin14daysofthedateofreceiptofthenoticeasconfirmationofamatchingbalance.ThelackofreturnofthesignednoticebytheCustomerbythatdateisconsideredbytheBanktobeconfirmationofamatchingbalance.

2. Ifthebalancefiguresdonotmatch,theBankshallcheckthereasonforthemismatch.IfthemistakewasmadebytheBank,theBankshallmakethenecessarycorrectionandre-sendthenoticewiththecorrectedbalance.

§571. ThewithdrawaloferroneouslypaidorerroneouslypostedfundsshallresultintheCustomer’scivilliability.2. IfanincorrectaccountingentryismadeintheCustomer’saccountthroughthefaultofabankparticipatinginthetransactionortheBank,theBankreserves

therighttocanceltheentrywithoutCustomer’srequest.3. TheBanknotifiestheCustomerofthecorrectedentryontheaccount(debit/credit)onthebankstatement.

CHAPTER 15 Termination of the Agreement and Closure of the Bank Account

§581. EithertheCustomerortheBankmayterminatetheBankAccountAgreementbyprovidinganoticeperiodofonemonth.Thenoticeperiodofthetermination

shallstartonthedateonwhichthenoticeisdeliveredtooneoftheparties.2. AnAgreementthathasbeenconcludedforadefiniteperiodterminatesonthedeadlineuntilwhichitwasconcluded.3. TheBankmayterminatetheAgreementinaccordancewithparagraph1forvalidreasons,inparticular:

1/ aseriousbreachoftheprovisionsoftheBankAccountAgreementortheregulationsreferredtointheBankAccountAgreementortheseRegulationsbytheCustomer,

2/ useofthebankaccountagainstgenerallyapplicablelaws,3/ nofundspaidintoaccountforonemonthfromitsopeningandazeroaccountbalanceismaintained,

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4/ noturnoverontheaccountformorethanthreemonths(excludinginterestaccrual),wheretheaccountbalancedoesnotcoverfeesandcommissionsforholdingtheaccount,

5/ unauthoriseddebitbalanceunpaid,withinterest,onthedatesetbytheBank,6/ theprovisionbytheCustomeroffalseinformationwhenenteringintotheBankAccountAgreement,7/ theCustomer’stakingactionsthatareharmfultotheBank,8/ apetitionisfiledfortheCustomer’sbankruptcyorliquidation,restructuringorenforcementproceedingsareinstitutedortheCustomer’ssolvencyisatrisk,9/ theCustomerdisclosesinformationontheoperationoftheInternetbankingsystem,thedisclosureofwhichmaycompromisetheeffectivenessofthe

mechanismsassuringsecurityoforders,10/ whentheCustomerisenteredinthelistpublishedontheofficialwebsiteofPolishFinancialSupervisionAuthority(KomisjaNadzoruFinansowego),suchlist

containingtheAuthority’spublicwarningagainstdishonestentrepreneurs(appliesalsowhentheCustomerisenteredinthelistpublishedontheofficialwebsiteoftheAuthority’sforeigncounterpart,suchlistcontainingthefinanceregulatoryauthority’spublicwarningagainstdishonestentrepreneurs).

4. Inthecaseofjointaccounts,theCustomerwhoisoneofthejointaccountholderscannotterminatetheBankAccountAgreementbysendingaterminationnotice.Insuchasituation,theterminationdocumentmustbesignedbyalljointaccountholders.AjointaccountholdermayeffectivelyterminatetheAgreementonlywithapowerofattorneygrantedbyallremainingjointaccountholders.

§591. TheterminationoftheBankAccountAgreementbyeitherPartyismadeinwritingandissignedbypersonsauthorisedtomakedeclarationsofwillinthe

scopeofproprietaryrightsanddutiesoftheparties.IntheeventthattheBankterminatestheAgreement,theCustomerisnotifiedofthereasonforthetermination.

2. AtthemomentofterminatingtheAgreementtheBankprovidestheCustomerwiththebalanceoftheaccount,requestsforfilinganinstructiontosettleitwithin14daysfromthedayofreceivingtheletterfromtheBankandforreturningthepaymentcardsandunusedchequesissuedbytheBank.

3. AtthemomentofterminatingtheAgreementtheCustomerisobligedtoreturnallpaymentcardstotheBankandtheunusedchequesissuedbytheBank,whiletheBankmayblockthepaymentcardsissuedtotheCustomer.

4. Intheeventofthelackofreturnof:1/ paymentcards–theBankmayimmediatelyblockthecards,2/ unusedcheques–theCustomerpresentstheBankwithawrittendeclarationprovidingthereasonforthisalongwiththechequenumbers.

5. AtthemomentofterminatingtheBankAccountAgreementtheBankclosestheCustomer’saccount.6. Beforeclosingtheaccount,theBankcalculatestheinterestduetotheCustomerandcollectstheinterest,commissionsandfeesduetotheBank.

§601. IftheCustomerfailstoadministerapositivebalanceonaclosedbankaccountbythedatespecifiedin§59,paragraph2,thebalanceshallbepostedtoan

interest-freesuspenseaccountandplacedattheCustomer’sdisposal.2. Iftheaccountisclosedbywayofacourtdecision,thebalanceoftheclosedaccountshallbetransferredinaccordancewiththeinstructioncontainedinthis

adjudication.3. Claimsforthewithdrawalofthebalanceonaclosedaccountexpireaftertwoyears.

§61TheCustomerisresponsibleforthefulfilmentofallliabilitiesthatemergedduringtheBankAccountAgreementandwhicharerelatedtoitsperformance.

CHAPTER 16 Commissions and Fees

§621. UndertheBankAccountAgreement,theBankchargescommissionsandfeesspecifiedinthe“TariffofbankingfeesandcommissionsofmBankforSMEand

Corporates”,Section1–BankAccounts,which,asanappendix,isanintegralpartoftheBankAccountAgreement.2. The“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”isintroducedbythePresidentoftheBank’sManagementBoardintheformof

anorder.3. Thetypesorlevelsofthefeesorcommissionsmaychange.Thechangesinthetypesorlevelsofcommissionsandfeesshalldepend,inparticular,onthe

transactionservicingcostsincurredbytheBank,includingthemarketparametersthataffectthecosts,suchasinflation,exchangeratesandreferenceinterestratesfixedbytheNBP.

4. Thenewappendixreferredtoinparagraph1maybedeliveredtotheCustomerbypublicationonthemBankGroupwebsite,undertheaddress:www.mbank.pl/aktualnosci/msp-korporacjeofatextcontainingtheamendedSectionIofthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”.TogetherwiththeamendedtextofSectionIofthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”,theinformationonthedateofpublicationandtheinformationontheeffectivedateofsuchchangeswillbemadeavailable.ThedayofdeliveryofthechangestoSectionIofthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”totheCustomerisconsideredtobetheeighthdayfromthedateofpublicationofsuchchangesonthemBankGroupwebsite.

5. TheCustomerundertakestoreadanyinformationforcustomerspublishedonthemBankGroupwebsite,undertheaddress:www.mbank.pl/aktualnosci/msp-korporacje,atintervalnotshorterthanoneweek.

6. IftheCustomerfailstosubmitawrittendeclarationofhisrefusaltoacceptthechangesintroducedwithin14daysofthedateofdeliveryoftheappendixreferredtoinparagraph4,thechangesshallbedeemedacceptedbytheCustomerandeffectiveonthepartiesasoftheeffectivedate.

7. TheCustomer’srefusaltoacceptthechangesinmBankS.A.’scommissionsandfeeswithinthedeadlinereferredtoinparagraph6shallconstitutetheCustomer’sterminationoftheBankAccountAgreement.Insuchcase,theprovisionsof§58paragraph1shallapplyaccordingly.

8. TheCustomersshallbeinformedofthecurrentratesofthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”andchangesinratesintheBank’soperatingroomsorthroughthemBankGroupwebsite(www.mbank.pl/aktualnosci/msp-korporacje).

§631. TheBankshallchargetheCustomer’saccountwithcommissionsandfeesforthefulfilmentofthepaymentinstructiononthedaytheinstructionisbeingfulfilled.2. Theprincipleexpressedinparagraph1appliesunlesstheprovisionsofagreements,includingtheBankAccountAgreement,signedbytheCustomerandthe

Bankprovideotherwise.

§641. Regardlessoftheaccountbalance,theBankreservestherighttochargetheCustomer’sbankaccountwithfeesandcommissionsduetotheBankunderthe

BankAccountAgreementandwithamountsfromfinancialmarkettransactionsenteredintowiththeBankonthebasisofseparateagreements.2. IntheeventwhentheBankAccountAgreementisterminatedtheBankreservestherighttochargetheCustomer’saccountwithafeeforadministratingthe

accountfortheentirecalendarmonthstarted.

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CHAPTER 17 Amendments to the IBAA Regulations

§651. TheprovisionsoftheIBAARegulationsmaybeamendedduringthevalidityoftheBankAccountAgreement.2. TheBankshallsendthenewwordingoftheIBAARegulationsornoticespecifyingtheamendmentstotheIBAARegulationstogetherwiththedateofvalidity

oftheamendmentstotheCustomerbyrecordeddeliveryregisteredposttotheCustomer’saddresslastknowntotheBank,orshallhandtheCustomerthenewwordingoftheIBAARegulationsornoticespecifyingtheamendmentstotheIBAARegulations,againstconfirmationofreceipt.

3. ThenewwordingoftheIBAARegulationsorthenoticereferredtoinparagraph2mayalternativelybedeliveredthroughalink(hyperlink)onthepagesoftheInternetelectronicbankingsystemtothewebpagesofthemBankGroupwebsitecontainingthewordingofthechangestotheamendedIBAARegulations.Togetherwiththelink(hyperlink),thewebpagesoftheInternetelectronicbankingsystemshallcontaininformationonthedateofpublicationofthechangestotheIBAARegulationsonthewebpagesofthemBankGroupwebsiteandthedateofvalidityofthesechanges.ThedayofdeliveryofthechangestotheIBAARegulationstotheCustomerisconsideredtobetheeighthdayfromthedateofpublicationofchangestotheIBAARegulationsonthewebpagesofthemBankGroupwebsite.

4. TheCustomerundertakestoreadanyinformationpublishedonpagesoftheInternetelectronicbankingsystematintervalnotshorterthanoneweek.5. TheCustomer’srefusaltoacceptthenewtermsandconditionsoftheAgreementarisingfromtheamendmentstotheprovisionsoftheIBAARegulations

shouldbemadeinwritingwithin14daysofdeliveryofthenewwordingoftheIBAARegulationsorthenotice,andshallconstituteaterminationoftheBankAccountAgreement.Insuchcase,provisionsof§58paragraph1shallapplyaccordingly

6. TheBankshallacknowledgethelackofrepresentationacceptingthenewtermsandconditionsoftheAgreementwithin14daysofthedateoftheirdeliveryastheCustomer’sacceptanceofthenewtermsandconditionsoftheIBAARegulationsontheirvaliditydate.

CHAPTER 18 Final Provisions

§661. InrespectoftheprovisionofthedirectdebitservicetoCustomerswhoarepayers(debtors),the“RulesofDirectDebitSettlements”Regulations,publishedon

theBank’swebsite(www.mbank.pl/aktualnosci/msp-korporacje),shallapplyfrom24October2012on.2. TheCustomershallbeobligedtoknowthe“RulesofDirectDebitSettlements”Regulations.TheCustomershallhavetherighttocancelhisconsenttochargehis

accountunderthedirectdebitschemeifhedoesnotacceptstheprovisionsofthe“RulesofDirectDebitSettlements”Regulations.

§671. IfanenforcementbodyseizesliabilitiesfromthebankaccountofaCustomeragainstwhomenforcementproceedingsorproceedingstosecureclaimshave

beeninstituted,theBankshallapplyprovisionsoftheCivilProceduresCodeortheActonadministrativeenforcementproceedings.2. TheBankshallceasemakingpaymentsfromtheCustomer’saccounttothelevelofenforcedreceivablesandshallproceedinaccordancewiththeordersofthe

enforcementbody.

§68TheBankshallbefullyliableforthefundsdepositedandisobligedtoensuretheirdueprotection.TheBank’sliabilityshallnotincludedamagesarisingfromtheCustomer’sactionsordamagescausedbycircumstancesbeyondtheBank’scontrol,inparticular,actionsofforcemajeureoractionsofbodiesofstateauthorities.

§69ThetransferofanaccounttoanotherbranchoftheBankshallbecarriedoutupontheCustomer’swritteninstruction.

§701. Deposits(inzlotyorinothercurrency)ofthefollowingdepositorsaresubjecttoprotectionbytheBankGuaranteeFundontherulesspecifiedintheBank

GuaranteeFundActof14December1994(JournalofLawsof2009,No.84,item711,asamended):1/ individuals,2/ legalpersons,3/ organisationalunitswithoutlegalpersonalityiftheyhavelegalcapacity,4/ schoolsavingsfundsandworkers’mutualassistanceandloanfunds,

beingaPartyofthePersonalBankAccountAgreementorbeingliabletotheBankasaresultofbankingactivitiesconfirmedbydocumentswithpersonaldataissuedbytheBankorbypersonaldepositcertificatesreferredtoinArticle9section1oftheActdated29July2005onthetradeinfinancialinstruments(JournalofLawsof2010,no.211item1384,asamended)andpersonsreferredtoinArticle55section1andArticle56section1oftheBankingLaw,subjecttoprovisionsofArticle26qoftheBankGuaranteeFundActiftheirliabilitytotheBankbecameduebeforethefulfilmentoftheguaranteecondition(withinthemeaningoftheBankGuaranteeFundAct).

2. InthecasewheretheBankmaintainsoneaccountforafewentities(commonaccount),eachofthoseentitiesisadepositor–withinthelimitssetintheBankAccountAgreementandinthecasewhentherearenocontractualprovisionsorprovisionsinthisscope–inanequalpart.

3. InthecasewheretheBankmaintainsanaccountforaprivatepartnership,generalpartnership,professionalpartnership,limitedpartnershiporalimitedjoint-stockpartnership–thedepositoristhatcompany.

4. Guaranteedfundsaresubjecttomandatoryguaranteeschemefromthedaytheyaretransferredtothebankaccount,nolaterthanonthedayprecedingthemeetingtheguaranteecondition,andinthecaseofliabilitiesresultingfrombankingactivities,providingthattheactivitywascarriedoutprecedingthedaytheguaranteeconditionwasmet–uptotheamount(alongwithinterestaccrueduntilthedaytheguaranteeconditionismet,inaccordancewithinterestindicatedintheAgreementregardlessofitsduedate)inzlotyequivalentofEUR100,000.00–inl00%.

5. TheaverageexchangerateoftheNationalBankofPolandfromthedaywhentheguaranteeconditionismetistheconversionratefromtheeurotothezloty.6. ThezlotyequivalentofEUR100,000.00setsthemaximumlevelofthedepositor’sclaimstotheBankGuaranteeFund,regardlessoftheamountoffunds

collectedandnumberofaccountsheldorthenumberofreceivablesthedepositoriseligibleforfromtheBank.7. Claimsonguaranteescomeundera5yearsstatuteoflimitationfromthedayofmeetingtheguaranteecondition.

§71TheBankshallkeeptheturnoverandbalanceonthebankaccountsecret.TheBankshallprovidetheinformationontheturnoverandbalanceofthebankaccountexclusivelytotheCustomerandauthorisedentitiesinaccordancewiththeapplicableprovisionsofthelaw.

§72TheCustomerhastherighttoapplyfortheproductsofferedbytheBank,inparticularloansandguaranteesandlettersofcredit,ontheprinciplesspecifiedintheBank’sseparateregulationsandinaccordancewithseparatelyconcludedagreements.

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§73TheBankshallnotbeliablefortheloss,distortionordelayinthefulfilmentofaninstructionarisingforreasonsbeyondtheBank’scontrolduringtransmissionoftheinstructionbymeansofanyfixedlineorwirelesscommunicationdevices.

§74Theregulationsonthevariableelements,inparticular,suchasinterestrates,datesoffulfilmentofinstructionsandotherinternalregulationsregardingbankaccountsarisingfromtheBank’snormativeactsshallbedisplayedintheBank’soperatingroomsorprovidedbytheBank’sauthorisedpersonnelattheCustomer’srequest.TheseregulationsarebindingontheCustomerfromtheirvaliditydateinalltransactionsconductedontheaccount.

§751. IftheCustomersubmitsaninstructionnottosendthecorrespondenceorprovidesacorrespondenceaddressotherthanthecompany’sregisteredoffice

address,theBankshallsendaletterofterminationorthenewtermsandconditionsoftheRegulationstotheaddressprovidedbytheCustomerintheAgreement.

2. IftheCustomerfailstonotifytheBankofthechangeinhisaddress,writtennoticessentbytheBankshallbedeemedeffectivelydeliveredifsenttotheCustomer’saddresslastknowntotheBank.

3. Thedeliverydateshallbedeemedtoincludethedateoffirstpostnoticeforregisteredmail,whichremainsundelivered,sentatthelastCustomer’saddressknowntotheBank.

4. TheBankisnotliablefortheconsequencesofactionsofthebankconsignmentforwarder(e.g.thepostoffice).

§761. mBankS.A.,withitsregisteredofficeinWarsaw,ul.Senatorska18,asapersonaldatacontroller,withinthemeaningoftheActof29August1997onPersonal

DataProtection,herebydeclaresthatthepersonaldetailsoftheCustomerandhisrepresentativesshallbeprocessedinthebankingpersonaldatafilingsysteminordertoperformanyagreementsconcludedbytheCustomerwiththeBank.

2. Furthermore,theBanknotifiesthat–inordertoexerciseandfulfilthestatutoryrightsandobligationsoftheBankconnectedwithperformanceofbankingactivities–theCustomer’spersonaldatamaybedeliveredtothe“SystemBankowyRejestr”(BankingRegisterSystem)–adatabasethepersonaldatacontrollerofwhich,withinthemeaningofthePersonalDataProtectionAct,isthePolishBankAssociation,havingitsregisteredofficeinWarsaw,whichdatabasehasbeenestablishedandoperatesundersections4,4aand4dofArticle105andArticle105aoftheBankingLaw,aswellastootherinstitutionsthatareempoweredbylawtograntcredits,inthecases,totheextentandforthepurposesspecifiedintheBankingLaw,andtobusinessinformationbureauxoperatingundertheBusinessInformationAccessandBusinessDataExchangeAct,totheextentandonthetermsandconditionsspecifiedinthatAct

3. InaccordancewiththeprovisionsofthePersonalDataProtectionAct,theCustomerandhisrepresentativesshallhavetherightto:1/ accessandcorrecttheirdata,2/ objecttotheprocessingoftheirowndataforpromotionalandmarketingpurposesrelatingtothepromotionoftheBank’sownproductsandservices.

§77TheBankaffirmsthatinconnectionwithmakinginternationalmoneytransfersviaTheSocietyforWorldwideInterbankFinancialTelecommunications(SWIFT),thegovernmentoftheUnitedStatesofAmericamayhaveaccesstopersonaldata.TheAmericanauthoritieshaveundertakentousethepersonaldataobtainedfromSWIFTonlyforthepurposeofcounteractingterrorism,respectingtheguaranteesprovidedforintheEuropeansystemofpersonaldataprotectionexpressedintheDirective95/46/ECoftheEuropeanParliamentandtheCouncildated24October1995ontheprotectionofindividualswithregardtoprocessingofpersonaldataandfreemovementofsuchdata.

§781. TheCustomerexpresseshisconsenttotheBanksendingtheCustomercommercialinformation,asdefinedbyArticle2,section2oftheActontheelectronic

provisionofservicesof18July2002(JournalofLawsNo.144item1204,asamended)throughmeansofelectroniccommunication,inparticulare-mail.2. Thecommercialinformationreferredtoinparagraph1maybesenttotheCustomer,inparticular,throughelectronicbankingsystemsmadeavailablebythe

BanktotheCustomerorinconnectionwiththeCustomer’suseofthemBankGroupwebsite.ThecommercialinformationmayincludenewsonproductsandservicesofferedbytheBankandtheBank’simage.

3. Theconsentreferredtoinparagraph1mayberevokedatanytimebytheCustomersubmittingawrittenstatementtotheBank.

§79AllcorrespondencerelatedtotheprocessingofpersonaldataorcommercialinformationshouldbesenttomBankS.A.,ul.Senatorska18,00-950Warsaw,withtheannotationof“Personaldata”or“Commercialinformation”.

§801. TheCustomermaylodgeacomplaintinconnectionwiththeBank’sprovisionofservicesundertheAgreement.2. ComplaintsmaybesubmittedtoanyorganisationalunitoftheBankthatcarriesoutcustomerserviceoperationsfortheCustomer.Thelistoforganisational

unitsoftheBank,includingtheiraddresses,ispublishedonthemBankGroupWebsite.3. Complaintsmaybelodgedthroughelectronicdistributionchannels,inwriting,inelectronicformat,bytelephoneorpersonallytotheBank’semployee.4. ComplaintsshouldbelodgedbytheCustomerpromptlyafteraneventjustifyinglodgingacomplaintisrevealed.5. TheBankshallexamineanycomplaintwithoutdelay,assoonaspossible,provided,however,thatthetimetoexamineacomplaintshouldnotexceed30

calendardaysfromreceiptofthecomplaintbytheBank.Inespeciallydifficultandcomplexcases,theabovetimelimitmaybeextendedupto90days.Iftheabove30-daylimitisexceeded,theBankwillnotifytheCustomerofthereasonforsuchdelayandoftheexpectedtimetocompletethecomplaintexaminationprocess.

6. Havingexaminedthecomplaint,theBankwillnotifytheCustomeroftheoutcomeofthecomplaintexaminationproceedings.ThereplytothecomplaintshallbedeliveredintheformatcorrespondingtotheformatinwhichthecomplaintwassubmittedtotheBankorinanotherformatagreedwiththeCustomer.

7. TheaboveprovisionsshallbewithoutprejudicetotheCustomer’srighttoenforceclaimsagainsttheBankundergenerallyapplicablelawsandregulations.8. Theprovisionsofparagraphs1through7shallnotprejudicetheCustomer’scomplaintsreferredtoinChapter14oftheRegulations“BankStatementsand

BalanceConfirmation”.

§811. TheIBAARegulationsshallbebindinginaccordancewiththeprovisionsofArticle384oftheCivilCodeandArticle109oftheBankingLaw.2. TheCustomershallconfirmhisacceptanceoftheprovisionsoftheIBAARegulationsbysigningtheBankAccountAgreement.

Part II

mBank S.A. Internet Customer Service System mBank CompanyNet

Warsaw, November 2013

Table of contents:

CHAPTER 1 General Provisions .....................................................................................................................................................................................17CHAPTER 2 Principles of Providing the mBank CompanyNet system ..............................................................................................................18CHAPTER 3 Identification of Users .............................................................................................................................................................................19CHAPTER 4 Security of the mBank CompanyNet system ....................................................................................................................................20CHAPTER 5 Rules for Processing Orders Authorised with the Use of Secure Electronic Signatures Verified by means of certificate .....................................................................................................20CHAPTER 6 Access to Bank Information and Electronic Documents ................................................................................................................21CHAPTER 7 General Principles of Fulfilment of Orders ..........................................................................................................................................22CHAPTER 8 Specific rules for executing Expres Elixir instant PLN transfers ...................................................................................................23CHAPTER 9 Specific rules for executing Blue Cash instant PLN transfers .......................................................................................................23CHAPTER 10 Special Principles of Executing HalCash Transfers .......................................................................................................................23CHAPTER 11 Special Principles of Executing Foreign Transfers .........................................................................................................................24CHAPTER 12 Specific Principles of Fulfilment of Postal Order Payment Instruction ....................................................................................25CHAPTER 13 Specific Principles of Executing loan disbursement Orders ........................................................................................................25CHAPTER 14 Special Rules of Payment Orders Processing for Mass Payment and Mass Payment Plus .................................................25CHAPTER 15 Specific Principles of Fulfilment of Orders under the Trade finance module ..........................................................................26CHAPTER 16 Specific Principles of Fulfilment of Orders under the Cash module ..........................................................................................26CHAPTER 17 Specific Principles of Fulfilment of Orders under the Cards module .........................................................................................26CHAPTER 18 Specific Principles of concluding selected financial market transactions under the FX platform ..................................27CHAPTER 19 Restrictions to Fulfilment of Orders ...................................................................................................................................................28CHAPTER 20 Commissions and Fees ..........................................................................................................................................................................28CHAPTER 21 Final Provisions .......................................................................................................................................................................................29

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CHAPTER 1 General Provisions

§ 821. PartIIoftheRegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.specifiestheconditionsforprovidingtheCustomerwith

accesstotheInternetelectronicbankingsystem–themBankCompanyNetplatform–andconditionsforfulfilmentoftheCustomer’sordersunderthatsystem.2. TheCustomerswhowishtousethemBankCompanyNetsystemmusthaveaccesstoaPCrunningMSWindows(XP,Vista,7,8),connectedtotheInternet,with

InternetExplorerversion7.0orhigherinstalled.3. ACustomerauthorisedtousethemBankCompanyNetsystemmayuseitwithamobiledevice(asmartphoneoratablet)equippedwithanoperatingsystemand

Internetaccess,inlinewiththerequirementspublishedonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/bankowosc-elektroniczna/.

§ 83ThetermsusedintheRegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.–PartII–mBankS.A.InternetCustomerServiceSystemmBankCompanyNetshouldbeunderstoodasfollows:1/ IP address – computerIDassignedbythesupplieroftheInternetservicestothecomputeroradeviceusedbytheClienttologintotheelectronicbanking

system,2/ alias–auniqueseriesofcharactersallocatedtothemBankCompanyNetsystemuserorcontroller,asdefinedbytheCustomer,basedonwhichtheidentification

inthemBankCompanyNetsystemiseffected,3/ mobile application– asoftwarewhichmakesitpossibletoaccessthemBankCompanyNetsystemthroughamobiledevice.TheBankpublishesdetailed

informationconcerningthemobileapplicationonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/bankowosc-elektroniczna/,4/ Bank –mBankS.A.,5/ ATM–amachinemakingitpossiblefortheHalCashtransferbeneficiarytomakeanindividualcashwithdrawalfromtheHalCashsystem,6/ secure electronic signature–secureelectronicsignaturereferredtointheActonElectronicSignaturedated18September2001(JournalofLawsno.130,item

1450,asamended),7/ certificate– certificatereferredtointheActonElectronicSignaturedated18September2001(consolidatedtext:JournalofLawsof2013r.,item.262,as

amended),8/ Contact Centre–theBank’stelephoneCustomerservicecentre(phonenumber801 273 274(totalcostofcall–oneimpulse)or(22)6273273(feeforthecall

accordingtotheoperator’stariff)).TheBankreservestherighttochangethesetelephonenumbers,andsuchchangeshallnotconstituteachangeoftheseRegulations,

9/ electronic document–theCustomer’srepresentationtiedtotheperformanceofbankingactivities,authorisedbytheuserorusersofthemBankCompanyNetsystemwiththeuseofatokenorsecureelectronicsignature,inaccordancewiththeauthorizationrulesdefinedbytheCustomerintheappendices,submittedinelectronicformpursuanttoArticle7oftheActof29August1997–theBankingLaw(consolidatedtext:JournalofLawsof2012r.,item.1376,asamended),

10/ business day–adayonwhichtheBankisopenforcustomers,i.e.eachandeverydayMondaytoFriday,exceptstatutoryholidaysordayspreviouslyannouncedasholidaysbytheBank,

11/ non-business day–adayotherthanabusinessday,12/ Contact Centre ID–definedautomaticallybytheBank,auniqueseriesofcharactersallocatedtothemBankCompanyNetsystemuserormBank CompanyNet

systemcontroller,whichenablestheBanktheirtelephoneidentification,13/ IBAN ID–theInternationalBankAccountNumberusedforcross-bordersettlementsspecifiedintheOrderofthePresidentoftheNBPno.15/2010of15July

2010onthemethodfornumberingbankaccountsheldbybanks(OfficialJournaloftheNBP,no.9,item9,asamended),14/ NRB ID–theBankAccountNumberusedfordomesticsettlementsspecifiedintheOrderofthePresidentoftheNBPreferredtoinpoint13,15/ permanent ID–definedautomaticallybytheBankauniqueseriesofcharactersallocatedtothemBankCompanyNetsystemuserormBankCompanyNet

systemcontrollerwhichisusedfortheiridentificationunderthemBankCompanyNetsystem,16/ commercial information–anyinformationuseddirectlyorindirectlytopromotetheBank’sservicesorimage,excludingtheinformationwhichenablesthe

Bank’scommunicationwiththeCustomerandinformationonserviceswhichdoesnotpromotethecommercialeffectdesiredbytheBank,17/ Customer–entrepreneurs,legalpersons,organisationalunitswithoutlegalpersonalitybutwithlegalcapacitythathavesignedaBankAccountAgreementwith

theBank,18/ Contact Centre PIN code–auniqueseriesofcharactersdefinedautomaticallybytheBank,allocatedtothemBankCompanyNetsystemuserorcontroller,

whichenablestelephoneauthenticationofthemBankCompanyNetsystemuserandmBankCompanyNetcontrollerbytheBank,19/ mBank CompanyNet system controller–thenaturalpersonspecifiedbytheCustomerintheAgreement,authorisedtomanagethemBankCompanyNet

systemusersforandonbehalfoftheCustomer,20/ branch–anorganisationalunitoftheBank,21/ optional module or transaction platform–additionalandfunctionallyseparatedpartofthemBankCompanyNetsystem,beingaproductofferedbytheBank

orafunctionofthemBankCompanyNetsystemlinkedtosuchaproduct,extendingthescopeoftheBank’sservicesorderedbytheCustomerelectronicallyinthemBankCompanyNetsystem.InthemBankCompanyNetsystemtheCustomermaygainaccesstothefollowingmodules:Cashmodule,Cardsmodule,Tradefinancemodule,FXplatform,Liquiditymodule,Businessnewsmodule,CustodymoduleandDeveloperEscrowAccountsmodule, 

22/ Postal Operator –anenterpriseexecutingpostalorders,inparticularPocztaPolskaS.A.orInpostFinanse Sp.zo.o., 23/ person authorised to collect tokens–thenaturalpersonspecifiedbytheCustomerintheAgreement,authorisedtocollecttokensforandonbehalfofthe

Customer,24/ electronic mail–aserviceusedtosendtextmessages,providedbyelectronicmeanspursuanttotheActontheperformanceofservicesbyelectronicmeans

(consolidatedtext:JournalofLawsof2002,No.144item1204asamended),25/ mBank Group web portal –asetofmBankGroupwebsitesontheBankInternetserveravailableonlineattheaddresswww.mbank.pl,26/ Regulations – “RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.–PartIImBankS.A.InternetCustomerServiceSystem

mBankCompanyNet”,27/ Parties to Agreement–theBankandtheCustomer,28/ the BRESOK system–ElectronicCustomerServiceSystemBRESOKofmBankS.A.,29/ the mBank CompanyNet system–anInternetelectronicbankingsystemwhichconsistsofasetofITequipmentandsoftwareprovidingtheprocessingand

storage,aswellassendingandreceivingofdataviateleinformationnetworkswiththeuseofaterminaldeviceappropriateforthegiventypeofnetwork,pursuanttotheprovisionsoftheTelecommunicationLaw(JournalofLaws,No.171item1800asamended),

30/ terminal – electronicpaymentterminalmakingitpossiblefortheHalCashtransferbeneficiarytomakeanindividualcashwithdrawalfromtheHalCashsystem,31/ token–acryptographicdevicebeingastandardtoken(ActiveIDentity)oraDisplayCardtoken,generatingone-offpasswords,makingitpossibletoauthenticate

usersormBankCompanyNetsystemcontrollersandauthoriseorderssubmittedinthemBankCompanyNetsystem,32/ Agreement –anIntegratedBankAccountAgreementsignedbytheBankandtheCustomerunderthecurrentRegulationsonOpening,HoldingandClosingan

IntegratedBankAccountatmBankS.A.,33/ mobile device unique ID–IMEInumberofthemobiledevice,orUDIDinthecaseofApplemobiledevices,34/ mobile device –aportabledevice(asmartphoneoratablet)withaccesstoInternetandequippedwiththeoperatingsystem,inlinewiththerequirements

publishedonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/bankowosc-elektroniczna/,

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35/ the Act–theActonElectronicSignatureof18September2001(consolidatedtext:JournalofLawsof2013r.,item.262,asamended),36/ Payment Services Act –Actof19August2011onpaymentservices(JournalofLawsof2011,No.199,item1175,asamended),37/ mBank CompanyNet system user–thenaturalpersonspecifiedbytheCustomerintheAgreement,authorisedtousethemBankCompanyNetsystemusers

forandonbehalfoftheCustomer,38/ appendix–configurationdocumentsofthemBankCompanyNetsystemwhicharethebasistosetuptherightsoftheCustomersandusersofthemBank

CompanyNetsystemandconstituteanintegralpartoftheAgreement,39/ payment order–anordersubmittedbytheCustomertoperformfinancialsettlementsthroughtheBank,oranotherservicerequestedbytheCustomerby

electronicmeanswiththeuseofthemBankCompanyNetsystemandinparticulardomesticfundstransferorder(inzlotyorinaforeigncurrency),includingExpresElixirinstantPLNtransfers(inzloty)andBlueCashinstantPLNorder(inzloty),andHalCashtransfer(inzloty),aforeignfundstransferorder(inzlotyorinaforeigncurrency),anorderfortransferofsocialsecuritycontributions(SocialSecuritytransfer),anorderforfundstransferintothebankaccountofataxauthority(taxtransfer),aninstructiontoexecuteapostalmoneyorder(postalorder),anordertosetup,changethetermsoforcancelatermdeposit,disbursementofaloanorder,anorderformassdomestictransfer(MassPaymentorMassPaymentPlus)anddirectdebit.

§ 84AllprovisionsoftheRegulationsreferringtothemBankCompanyNetsystemusersshouldbeappliedaccordinglytothemBankCompanyNetsystemcontrollers.

§ 851. TheCustomer’sordersreferredtoin§83point39arefulfilledbytheBanksolelyunderthetermsandinthescopesetforthintheseRegulationsunlessthese

Regulationsprovidethatspecificregulationsshallapply,andspecificallyregulationsreferredtoinprovisionsregardingthefulfilmentoforderswiththeuseofoptionalmodulesortransactionplatforms.

2. TheprovisionofmodulesortransactionplatformsbytheBank,orcommencementofexecutionoftheCustomer’sordersbytheBankwiththeuseofmodulesortransactionplatformsmayrequirethesigningofanadditionalAgreementbytheParties,orthefulfilmentbytheCustomerofotherrequirementsspecifiedinregulationsreferredtoinparagraph1.

3. InthecaseofconflictofprovisionsoftheseRegulationswithanyoftheregulationsreferredtoinparagraph1,provisionsofregulationsreferredtoinparagraph1shallapply.

CHAPTER 2 Principles of Providing the mBank CompanyNet system

§ 86InordertobeprovidedwiththemBankCompanyNetsystem,theCustomermustsigntheAgreementwiththeBankandfulfilconditionssetforthintheseRegulations.

§ 871. TheAgreementisaframeworkagreementwithinthemeaningofprovisionsofthePaymentServicesAct.2. ThefollowingprovisionsshallnotapplytoanypaymentsservicesprovidedunderanAgreement:ChapterIIofthePaymentServicesActandArticles34-37,

sections3and4ofArticle40,Article45,sections2to5ofArticle46,Article47,Article48,Article51,andArticles144to146ofthePaymentServicesActor,ifallowed,anyotherlegalprovisionsthatwillamendormodifytheaboveprovisions.

§ 881. SpecificationoftheparametersoftheconfigurationofthemBankCompanyNetsystemoccurs,throughsubmissiontotheBankofappendices,signedbythe

Customer,andtheirapprovalbytheBank.2. ForthepurposeofproperconfigurationofthemBankCompanyNetsystemparameters,theCustomerisobligedtosubmitthemBankCompanyNetSystem

Customer’sAccessRightsCardtogetherwithallrequiredappendices,andspecifically:1/ ThemBankCompanyNetSystemUserCard,foreachmBankCompanyNetuser.ItispossibletosimultaneouslyallocateidenticalrightstomultiplemBank

CompanyNetusersonthebasisofasinglemBankCompanyNetSystemUserCard,2/ AuthorizationSchemeCard,3/ AccountAuthorizationLimitCardsinthecasewheretheCustomerwishestodefineseparateauthorizationlimitsfortheindividualaccountsmadeavailable

underthemBankCompanyNetsystem,4/ IDCardincludinginformationaboutprocessingpersonaldataforeachuserwhoundermBankCompanyNetSystemUserCardwasgrantedrightsbythe

CustomertoauthorizeordersortousetheFXplatforminthescopestipulatedinparagraph5,5/ Applicationforpurchase/renewalofthecertificateunderthemBankCompanyNetsystemforusersofmBankCompanyNetusingthecertificatesservice

undermBankCompanyNet.3. AppendicessubmittedbytheCustomerbecomeanintegralpartoftheAgreementupontheiracceptancebytheBank.4. ThescopeofauthorityallocatedtothegivenmBankCompanyNetsystemuseronthebasisofsubmittedappendicesisthesoleresponsibilityoftheCustomer

whograntedthatauthority.TheBankshallnotberesponsibleforanylossesthatmayariseduetoactionsofmBankCompanyNetsystemuserormBankCompanyNetsystemcontroller,actinginlinewiththescopeoftheirauthoritydefinedinthecontentsoftheappendices.

5. WhentheCustomerauthorisesmBankCompanyNetsystemusertoconcludetransactionsintheFXplatform,byactingso,he/shealsoauthorisessuchausertoreviewtransactionsintheFXplatformoftheCustomerandtoopentermdepositsandconcludeFXtransactionsbyphone.

6. IftheaccessrightsofthemBankCompanyNetsystemuserdefinedinmultipleappendicesaredifferentorcontradictory,thedocumentsubmittedwiththelatestdateshallprevail.Ifthecontradictoryappendiceshavebeensubmittedatthesamedate,theBankrefusestheiracceptanceandreturnsthecardstotheCustomer.

7. TheBankcommencestheimplementationofthemBankCompanyNetsystemuponsubmissionbytheCustomerofalldocumentslistedinparagraph2andupontheiracceptancebytheBank.

8. AppendicesandotherdocumentstiedtobankingactivitiesmaybesubmittedtotheBankaselectronicdocuments,providedthatthePartieshaveearlieragreedsuchmannerforsubmissionofdocuments.TheagreementoftheappropriatemannershallbeunderstoodastheBankprovidingtherelevantfunctionalitiesofthemBankCompanyNetsystem,enablingthePartiestofulfilrequirementssetforthinArticle7oftheActdated29August1997–theBankingLaw(consolidatedtext:JournalofLawsof2012,no.1376,asamended).

§ 891. TheCustomerisentitledtochangethesystem’sconfigurationparametersduringthetermoftheAgreement.2. Changeofthesystem’sconfigurationparametersduringthetermoftheAgreementmustbemadeinwritingunderthesanctionofinvalidity.Theprovisionsof

§88areappliedaccordingly.3. DuringthetermoftheAgreementtheBankmaychangethespecimensofdocumentsreferredtoin§88.4. TheBankinformstheCustomerofanychangetothecurrentspecimensofdocumentsreferredtoin§88.5. AftertheCustomerreceivesnewspecimensofdocuments,inordertochangethemBankCompanyNetsystemconfigurationparameterstheCustomerisobliged

tousesolelythenewspecimensofdocuments.

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§ 901. TheCustomermayobtainaccesstothemBankCompanyNetsystemviaamobiledevicereferredtoin§83paragraph34(mBankCompanyMobileservice).2. TheBankprovidestheCustomerwithaccesstothemBankCompanyMobileserviceunlesstheCustomerresignsfromtheservicebysubmittingthe“Application

forchangingrightsinthemBankCompanyNetsystem”availableinthemBankCompanyNetsystemorsubmitsawrittenstatementonresigningfromthemBankCompanyMobileserviceinthebranch.TheCustomermaysubmitthewrittenstatementofresignationatanytime,however,theauthorisationsarechangedbytheBankinthemBankCompanyNetsystemnolaterthanonthenextbusinessdayfollowingthedayonwhichtheBankreceivestheCustomer’sstatement.IftheCustomerresignedfromtheservice,inordertoreactivateithe/sheneedstoexpressintenttousetheservicebysubmittingthe“ApplicationforchangingrightsinthemBankCompanyNetsystem”availableinthemBankCompanyNetsystemorsubmittingawrittenstatementinthebranch.TheauthorisationsarechangedbytheBankinthemBankCompanyNetsystemnolaterthanonthenextbusinessdayfollowingthedayonwhichtheBankreceivestheCustomer’sstatement.

3. With themobile device the Customermay access the full or simplified version of themBank CompanyNet system (no possibility to authorise orders).CustomersmayobtainaccesstothesimplifiedversionofthemBankCompanyNetsystembyvisitingwww.m.companynet.com.plintheLITEversionuponpriorauthenticationwiththeuseofthetoken.

4. TheCustomerwhoexpressesanintenttousethemBankCompanyMobileserviceshoulddownloadthemBankCompanyMobileapplicationfromanappropriateon-lineshop(GooglePlay,AppStore,AppWorld,WindowsMarketplace),activateitinlinewiththerulespublishedonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/bankowosc-elektroniczna/.LoggingintotheapplicationmaytakeplacebymeansofapasswordgeneratedbythetokenoramobilepassworddefinedbytheCustomer(aseriesofdigitswithnotlessthansixandnotmorethantwelvedigitsenablingonlypassiveworkinthemBankCompanyMobileapplicationwithoutthepossibilityofauthorisingorders).

5. TheBankchargesafeeforusingthemBankMobileCompanyNetserviceinaccordancewith§§159-161oftheRegulations.TheBankchargesthefeeforusingthemBankCompanyMobileserviceonlyiftheCustomerhasatleastonemobiledeviceregisteredandactivatedinthemBankCompanyNetsystem.

§ 911. In terms ofmBankCompanyNet systemand the accounting andfinancial systemof theCustomer, he/shemaygain access tomBank service -mBank

CompanyConnectPartnerPackage-thankstowhichthefollowingoperationsarepossible:1/ handlinginstructions,2/ downloadingbankaccountstatementsfromtheCustomer’sbankaccountsintheMT940format,3/ downloadingbankaccountstatementsfromtheCustomer’sbankaccountsinthehtmlformat,4/ downloadingcurrencyexchangeratesofmBankS.A.andtheNationalBankofPoland,5/ downloadingreportsontheturnoverintheCustomer’sbankaccounts,6/ collectingotherreportsspecifiedandagreedbetweentheCustomerandtheBank.

2. InordertousemBankCompanyConnectPartnerPackage,theCustomerhastosignanannextotheAgreement,withprovisionsprovidingforthetypeofrenderedservicesreferredtoinparagraph1,usemBankCompanyNetsystemwithatleastonecertificateortokenactivatedinthesystem,andhavethefollowing:1/ acomputerconnectedtotheInternetwithhardwareandsoftwarecompatiblewiththefinancialandaccountingsystem,2/ softwareofthefinancialandaccountingsystem(thelistofproducersofsoftware,systemsandversionswiththeBank’scertificates,thankstowhichmBank

CompanyConnectPartnerPackageservicemaybeused,isavailableatthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/bankowosc-elektroniczna/and,

3/ amodule(package)thankstowhichmBankCompanyConnectPartnerPackageservicemaybeused,ifthemodulehasnotbeenprovidedwiththesoftwareofthefinancialandaccountingsystem.

3. mBankCompanyConnectPartnerPackageserviceeachtimerequirestheuseofatokenorsecureelectronicsignatureverifiedbymeansofavalidcertificateactivatedinmBankCompanyNetsystem(inordertoconnectwiththeBank’ssystem,atokenorsecureelectronicsignaturehastobeused).

4. TheCustomerwhousesmBankCompanyConnectPartnerPackageisobligedtoupdate:1/ mBankCompanyConnectPartnerPackagesoftwareinlinewiththeBank’srecommendationspublishedatthemBankGroupwebsitesattheaddresswww.

mbank.pl/msp-korporacje/bankowosc-elektroniczna/and2/ thefinancialandaccountingsystem/theCustomerenterprisemanagementsysteminlinewithrequirementsorrecommendationsofproducersofthe

aforesaidsystems.5. TheCustomerisobligedtousemBankCompanyConnectPartnerPackageintheversionnolaterthanthepreviousversion,withtheprovisionthattheCustomer

mayuseasoftwareversionreleasednolaterthan12monthsagointhecasewhenthesoftwareisupdatedmorethantwiceayear.6. TheCustomerisobligedtosecuremBankCompanyConnectPartnerPackagesoftwareandfilessenttotheBankanddownloadedfromtheBankbyavalidanti-

virus,firewallandanti-spywaresoftwareetc.,withduediligenceandundertakesnottomakethesoftwareavailabletounauthorisedparties.7. TheCustomerisobligedtofamiliarizehimself/herselfwiththetechnicaldocumentationandusermanualsprovidedtohim/herbytheBankaswellaswiththe

functionalityofmBankCompanyConnectPartnerPackage.8. TomattersnotregulatedintheRules,separateprovisionsonmBankCompanyConnectservicesofferedbymBankS.A.apply.

CHAPTER 3 Identification of Users

§ 921. TheBankassignsapermanentIDforeachmBankCompanyNetsystemuserand mBankCompanyNetsystemcontroller.ThemBankCompanyNetsystemuser

andcontrollermayspecifyanalias.2. UnderthemBankCompanyNetsystem,theBankenablestheCustomertoobtainaContactCentreIDandContactCentrePINforeachsystemuserandsystem

controller.3. TheBankdeliversarequestednumberofPIN-protectedtokenstotheCustomer.4. AuthorizationofordersunderthemBankCompanyNetsystemisperformedwiththeuseoftokensandelectronicsignatures.5. TokensshallbedeliveredtothepersondesignatedbytheCustomer,authorisedtocollectthetokens,inthemanneragreedwiththeCustomer.6. Identificationofusersmaybeperformedalsoinanothermanner,agreedbythePartiesindividuallyintheAgreement.

§ 931. UponreceiptofthetokenstheCustomershallcheckwhethereachtokenacceptsthe“0000”PINcode.2. Intheeventthat:

1/ eachtokenacceptsthe“0000”PINcode,theCustomershouldcompleteandsignthetokenreceiptformprovidedwiththetokensandsubmitittothebranch,2/ atokendoesnotacceptthe“0000”PINcode,theCustomershouldimmediatelynotifytheBankinordertoreplacethetoken.

3. TheCustomershallsetanewPINcodethatdiffersfromthe“0000”PINcodeinordertoprotectthetokenfromunauthoriseduse.

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CHAPTER 4 Security of the mBank CompanyNet system

§ 941. TheBankidentifiestheCustomerwithapermanentID,whilehisauthenticationisbasedonanaccesspasswordorone-timetoken-generatedpassword.The

Customerwhousesthe mBankCompanyNetsystemviaamobiledeviceisadditionallyidentifiedbytheBankbytheuniqueIDofthemobiledevice.2. AnaliasmaybeusedinsteadofthepermanentID.3. Duringatelephoneconversation,theBankidentifiestheCustomerwiththeContactCentreID,whilehisauthenticationisbasedontheContactCentrePIN.

§ 951. TheCustomerundertakestoprotectpermanentIDs,aliases,accesspasswords,tokens,PINcodes,ContactCentreIDsandContactCentrePINcodes,withthe

observanceofduecare,inparticularagainsttheirdisclosuretounauthorisedpersons.2. TheCustomerundertakestoprotectallthedevicesusedbytheBanktoexecuteelectronicbankingservices,includingmobiledevices,withduediligence,in

particularbymeansoftherelevantsoftwareandhe/sheundertakesnottoprovidethesedevicestounauthorisedpersons.3. TheCustomerisliableforincorrectoperationofthedevicesreferredtoinparagraph2inconnectionwiththeactivityofmalicioussoftwareinstalledinthose

devices.

§ 961. TheCustomerisobligedtoimmediatelynotifytheBankoftheloss,theft,appropriationorunauthoriseduseofatoken.TheCustomershallreporttheloss,theft

appropriationorunauthoriseduseofatokenbytelephone,callingtheContactCentreorbyelectronicmailunderthemBankCompanyNetorBRESOKsystems.2. Afterthenoticementionedinparagraph1issubmitted,theBankblocksaccesstothebankingsystemwiththetokentowhichthenoticerefers.3. TheBankhastherighttoblockatoken:

1/ forjustifiedreasonsotherthanthoseindicatedinparagraph1,relatedtosecurityofthemBankCompanyNetsystem,2/ duetothesuspectedunauthoriseduseofthemBankCompanyNetsystemorintentionalcausinganunauthorisedpaymenttransaction.

4. TheBankimmediatelynotifiestheCustomeroftheblockingofthetoken.

§ 971. Subject toparagraphs2-3, theBankunblocksthetokenordeliversanewtokento theCustomer,onthebasisof thetokenexchange/newtoken issuance

Instruction,ifthereasonsformaintainingtheblockadeceasedtoexist.2. Thenoticementionedin§96paragraph1shouldbeimmediatelyconfirmedbytheCustomerintheformofalettersubmittedinthebranch.3. PursuanttotheCustomer’swrittenconfirmationofloss,theft,appropriationorunauthoriseduseofthetoken,theBankissuesanewtokentotheCustomer.4. Inthecaseofnotificationofunblockingofablockedtokenintheformotherthaninwriting,theCustomershallconfirmthenotificationinwritinginaletter

submittedintheBankbranch.

§ 981. TheCustomerisobligedtoforthwithnotifytheBankaboutaloss,theft,transferofownershiporunauthoriseduseofthemobiledevice.TheCustomerreportsthe

loss,theft,transferofownershiporunauthoriseduseofthemobiledevicebycallingtheContactCenterorbypersonallydeactivatingthemobiledeviceinthemBankCompanyNetsystem.

2. Afterthenotificationreferredtoinparagraph1hasbeensubmitted,theBankblocksaccesstotheBank’stransactionsystemviathereportedmobiledevice.3. TheBankhastherighttoblockaccesstothemBankCompanyNetsystemviaamobiledevice:

1/ duetojustifiedreasonsotherthanthosereferredtoinparagraph1,whichareconnectedtothesecurityofthemBankCompanyNetsystem,2/ inconnectionwithasuspicionofunauthoriseduseofthemBankCompanyNetsystemoranintentionalactionleadingtounauthorisedpaymenttransaction.

4. TheBankforthwithnotifiestheCustomerthataccesstothemBankCompanyNetsystemviaamobiledevicewasblocked.

§ 991. TheBankverifiestheIPaddressesbymeansofwhichtheCustomerconnectswiththeBank’ssystemusinginparticularthelistsincludingIPaddresseswhich

poseapotentialthreattotheBank’sorCustomer’ssecurity,especiallysuchIPaddressesthatareusedforphishing,sendingspamorforotherpurposescontrarytothelaw.

2. TheBankmayblocktheIPaddressusedbytheCustomerinthemannerdescribedinparagraph1aboutwhichtheBankinformstheCustomerifhe/shemaynotconnectwithmBankCompanyNetsystem.

3. TheIPaddressreferredtoinparagraph2isunblockedwithinamonthfallingafterthedatewhenitwasblockedbytheBank,oncetheCustomerhasverifiedtheblockedIPaddress,undertakenmeasurestoeliminatethethreatreferredtoinparagraph1andinformedtheBankinwritingthattheproblemwassolved.

§ 100TheCustomerisresponsibleforabreachofprovisionsof§§95-99oftheseRegulations;inparticular,theCustomershallbeliableforordersplacedinconnectionwithabreachoftheseprovisions.

CHAPTER 5 Rules for Processing Orders Authorised with the Use of Secure Electronic Signatures Verified by means of Certificate

§ 1011. TheBankmakesitpossiblefortheCustomerofthemBankCompanyNetsystemtouseasecureelectronicsignature.2. Secureelectronicsignature,verifiedbymeansofavalidqualifiedcertificate,identifiesthepersonplacingthesignature;itislegallyeffectiveasspecifiedinthe

Act.3. InthecasewhentheCustomerusesthesecureelectronicsignaturewithinthemBankCompanyNetsystem,theBankidentifiestheCustomerwithapermanent

ID,whilehisauthenticationisbasedonasecureelectronicsignatureverifiedbyavalidqualifiedcertificate.4. SecureelectronicsignaturemaybeusedbythemBankCompanyNetsystemusers:

1/ nexttoorinsteadofaccesspasswordtothemBankCompanyNetsystem,2/ nexttoorinsteadoftokens.

5. TheCustomermayobtainthecertificatedirectlyfromaqualifiedentityprovidingcertificationservices(withinthemeaningoftheAct):1/ directlyor2/ viatheagencyoftheBank–byfilingan“Applicationforpurchase/prolongationofthecertificatewithinmBankCompanyNetsystem”.

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6. TheuseofthesecureelectronicsignatureinthemBankCompanyNetsystemispossibleoncethecertificateisactivatedinthatsystem.Inordertoactivatethecertificate,theCustomershouldsubmitacorrectlyfilledCardofthemBankCompanyNetsystemuserandindependentlyregisterthecertificateinthemBankCompanyNetsystem.

7. TheBankforthwithactivatesthecertificate,atthelatestonthenextbusinessdayfallingafterthedayonwhichtheuserregisteredthecertificateinthemBankCompanyNetsystem.

8. ThecertificatemaybepurchasedorrenewedwiththeagencyoftheBankonthebasisofthe“Applicationforpurchase/renewalofacertificate inmBankCompanyNet”submittedbytheCustomer,providedthatthedataenteredthereinarecorrect.

9. TheCustomerundertakesnottoregisterinthemBankCompanyNetsystemthecertificatesusedforverificationofsecureelectronicsignatures,whichinclude:1/ exclusivelyaliasofthepersoncreatingtheelectronicsignature(withoutspecifyingnameandsurnameofthisperson),or2/ alimitationonthevalidityofthecertificateexcludingitsuseundertheAgreement.

10. UndertheAgreementtheBankacceptsthehighesttransactionlimitasspecifiedinthecontentofthecertificate.11. TheCustomerundertakestopresentattheBank,eachtimeatitsrequest,thecertificationpolicyunderwhichthecertificateusedbytheCustomerwasissued

andtheagreementonprovidingcertificationservicesconcludedbetweentheCustomerandthequalifiedentityprovidingcertificationservices.12. TheCustomerundertakestosecure:

1/ datausedtocreateasecureelectronicsignature,and2/ secureelectronicsignature-creationdevices(withinthemeaningoftheAct),beingathis/hersoledisposal,priortomakingthemavailabletounauthorised

persons.13. TheCustomerisresponsibleforabreachoftheprovisionsofparagraph10andparagraph12,inparticulartheCustomerwillbechargedwiththetransactions

executedunderpaymentordersplacedinconnectionwithabreachoftheseprovisions.14. OrdersplacedwiththeuseofasecureelectronicsignaturewhichhasnotbeenpositivelyverifiedwithavalidcertificatearenotexecutedbytheBank.15. UndernocircumstancesdoestheBankexecuteorders:

1/ intheperiodduringwhichthecertificateusedforverificationofthesecureelectronicsignatureissuspended(alsowhensuspensionofthecertificateisrevoked),

2/ afterrevocationofthecertificate.16. TheBankexecutesorderssubmittedbymeansofasecureelectronicsignatureimmediatelyafteronehourfromthetimeofreceivingtheordersbytheBank

(provideditispossibleonagivenbusinessday),unlesstheyweretimestamped(withinthemeaningoftheAct)atthetimeofappendingthesecureelectronicsignature,thentheBankexecutestheordersforthwith,however,notearlierthanupononehourfromthetimeofperformingthetimestampingservicebyaqualifiedentityprovidingcertificationservices.

17. Inthecaseofordersplacedwiththesecureelectronicsignature,theexecutiondeadlinessubjecttotheprovisionsofparagraph16apply,unlesstheAgreementprovidesfordifferentexecutiondeadlines.

18. TheBankdoesnotbearresponsibilityfortheoperationofsecureelectronicsignature-creationdevices(withinthemeaningoftheAct)andtheoperationofelectronicsignature-verificationdevices(withinthemeaningoftheAct)thatareatthesoledisposaloftheCustomer.

19. TheCustomeracknowledgesandacceptsthefactthat:1/ aqualifiedentityprovidingcertificationservicesisthesolecompetentauthorityinallmattersrelatedtotheoperationofthesecureelectronicsignatures

andtherevocationorsuspensionofqualifiedcertificatesobtainedbytheCustomerfromaqualifiedentityprovidingcertificationservices (withinthemeaningoftheAct);theBankdoesnotacceptnotificationsreportedbytheCustomerinthisrespect,

2/ theBankisnotthecompetentauthorityinmattersrelatedtotheoperationofsecureelectronicsignature-creationdevicesandtheoperationofelectronicsignature-verificationdevices(withinthemeaningoftheAct)anddoesnotacceptnotificationsrelatedtoincorrectoperationofthosedevicesreportedbytheCustomer.

20. TheBankstatesthatinthescopeofexecutingordersauthorisedbysecureelectronicsignaturesverifiedbycertificatestheBankisliableexclusivelyforcorrectoperationofthemBankCompanyNetsoftwareandacceptsnotificationsconcerningtheaforesaidviaContactCentre.

CHAPTER 6 Access to Bank Information and Electronic Documents

§ 1021. ThroughthemBankCompanyNetsystemtheBankprovidestheCustomerwiththefollowinginformationonthebalanceasatagivendateandtimeandturnover

intheCustomer’sbankaccounts.2. ThroughthemBankCompanyNetsystemtheBankmayalsoprovidetheCustomerwithotherbankinformation,inparticularintheformofreports,orinformation

intheLiquiditymodule(optionalmodule).3. TheLiquiditymoduleprovidestheCustomerwithaccesstoinformationonhisliquidity,inparticularon:

1/ accountingandforecastbalance,2/ totalamountoforderssubmittedinthemBankCompanyNetsystemasatagivenday,dividedbyordertypes,3/ otheraccountingeventsaffectingtheforecastbalance,includingdataondepositsandloans,4/ eventsforecastbytheCustomer.

4. Documentscontaining thebank information referred to inparagraph1andparagraph2donot substitutebankdocumentsunless their contentsprovideotherwise.

5. Theforecastbalancereferredtoinparagraph3point1,calculatedbasedontheposteditems,itemstobeexecutedinthefutureanditemsresultingfromtheCustomer’sforecasts,istobeusedsolelyforanalyticalpurposes.

6. InthemBankCompanyNetsystemtheCustomermayusetheBusinessnewsmodule(optionalmodule),subjecttoparagraph7.7. TheBankprovidestheCustomerwiththeBusinessnewsmodule,unlesstheCustomerresignsfromtheservicebymeansof“ApplicationforachangeofmBank

CompanyNetsystemauthorisations”orplacesattheBranchawrittendeclarationaboutresignationfromtheBusinessnewsmodule.TheCustomermayresignfromtheserviceanytimeandthedeactivationoftheservicetakesplacethenextbusinessdayafterwhichtheCustomer’sdeclarationwasreceivedbytheBank.IftheCustomerresignsfromtheservice,he/sheneedstoinformabouttheintenttousetheserviceagainbymeansof“ApplicationforachangeofmBankCompanyNetsystemauthorisations”availableinthesystemorplaceawrittendeclarationattheBranch.TheserviceisactivatedagainonthebusinessdayfollowingthedateonwhichtheBankreceivedthedeclaration.

8. TheBusinessnewsmoduleprovidesaccesstoinformationotherthanthebankinformationindicatedinparagraphs1and2,inparticularthelatestdomesticandworldnews.NotificationsontheavailabilityofnewinformationintheBusinessnewsmodulemaybesentbytheBank,uponpriorconsentoftheCustomer,totheemailaddressindicatedbytheCustomeronwww.ib.companynet.com.pl,uponpriorauthorisationperformedbytheCustomer.

9. Informationmarkedas“PAP”publishedonwww.ib.companynet.com.pl,constitutesapartofthePAPService,whichisadatabaseproducedbyPolskaAgencjaPrasowaSpółkaAkcyjna(PolishPressAgency),withitsregisteredofficeinWarszawa,subjecttoprotectionundertheActof4February1994onCopyrightandRelatedRights(uniformtext:JournalofLawsof2006,No.90,item631asamended)andtheActof27July2001onDatabaseProtection(JournalofLawsof2001,No.128,item1402).TheaboveinformationisusedbytheBankunderarespectivelicenceagreement.Theusersofwww.ib.companynet.com.pl,areprohibitedfromusingtheinformationinanywaywhatsoever,savefortheexceptionsprovidedforinlaw,inparticularthepermissiblepersonaluse.

10. Theprovisionsofparagraph9applyaccordinglytotheinformationavailableintheBusinessnewsmodulesuppliedbyotherproviders.

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11. TheCustomerisexclusivelyliableforthemethodandresultsofusingtheinformationmadeavailablebytheBank.12. InrespectofusingtheBusinessnewsmoduletheBankchargesfeesinaccordancewith§§159–161oftheRegulations,withareservationthatthefeesforusing

theBusinessnewsmodulearenotchargedduringthethreemonthsfollowingthedayonwhichthismoduleismadeavailabletoagivenCustomerforthefirsttime.

§ 103TheCustomermakesthecommitmenttotheBanktoreadthebankinginformationreferredtoin§102atleastonceaweek.

§ 1041. TheBankshallmaketheelectronicdocumentsavailabletotheCustomerthroughthemBankCompanyNetsystem.2. Thenatureandfunctionofagivendocumentarisesfromitscontent.

CHAPTER 7 General Principles of Fulfilment of Orders

§ 1051. PaymentordersplacedbytheCustomerwiththeBankareauthorisedbymeansofone-offpasswordsgeneratedbythetoken,orbymeansofthesecure

electronicsignature.2. TheBankfulfilsonlythosepaymentorderswhichareproperlyauthorisedbyusersofthemBankCompanyNetsystemwhomtheCustomerallocatedrightsto

authorizationonthebasisofthemBankCompanyNetSystemUserCard,theIdentityCardtogetherwithinformationonpersonaldataprocessingortheIdentityCard,andtheAuthorizationSchemeCard.

§ 1061. PaymentordersmaybesubmittedbytheCustomerbothonbusinessdaysandonnon-businessdays.2. ApaymentordershallbedeemedreceivedbytheBankuponreceivingbytheBankapaymentorderthatiscorrectlyfilledin,provided,however,thatiftheBank

hasreceivedapaymentorderonanon-businessday,itshallbedeemedreceivedbytheBankonthefirstbusinessdaythereafter.3. IftheBankreceivesapaymentorderreferredtoinparagraph1afterthecut-offtimespecifiedbytheBankpursuanttoparagraph4,itshallbedeemedreceived

bytheBank,withinthemeaningofthePaymentServicesAct,onthenextbusinessdayfortheBank.4. Detailed informationconcerningcut-off timesandorderexecutiondeadlines,aswellas formsandmethodsappliedbytheBanktocashsettlements,are

publishedthroughthepresentationofinformationintheBank’soperatingroomsoronpagesofthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.

§ 1071. Subjecttoprovisionsof§106,theCustomermaysubmitpaymentorderswithafuturefulfilmentdate.2. Iftheorderexecutiondatementionedinparagraph1fallsonanon-businessday,itisassumedthattheBankreceivedthepaymentorderonthefirstbusiness

dayfollowingthenon-businessday.

§ 1081. TheBankcarriersoutpaymentordersoftheCustomerdenominatedinthezlotyorinaforeigncurrencyincludedinthemBankS.A.ExchangeRates.2. Inthecasewhenitisnecessarytoconverttheinstructionamount,theBankeffectsthetransactionusingtheexchangerateofthecurrencyreferredtoin

paragraph1,applicableattheBankatthetimewhenthepaymentorderiscarriedout.3. Theprinciplessetforthinparagraphs1-2applyunlesstheprovisionsofseparateagreementsenteredintobetweentheCustomerandtheBankprovideotherwise.

§ 1091. ApaymentordersubmittedbytheCustomerisfortheBank,subjecttoprovisionofparagraph2,afinalandbindingontheCustomerordertochargethe

Customer’sbankaccountmaintainedbytheBankand,withareservationoftheordertoexecuteapostalorderandHalCashtransfer,anordertocreditthebankaccountspecifiedinthecontentoftheinstruction.

2. TheCustomermaycancelthesubmittedpaymentorderuptothedayprecedingtheorderfulfilmentdateinclusive.3. TheBankhastherighttocollectafeeforcancellinganorder,referredtoinparagraph 2.Inthecasewhereafeeiscollected,itsamountisspecifiedinthe“Tariff

ofbankingfeesandcommissionsofmBankforSMEandCorporates”––SectionI–BankAccounts,constitutinganintegralpartoftheAgreement.

§ 1101. TheCustomerauthorisestheBanktodebithisbankaccountbytheamountofpaymentorderfulfilled.2. TheBankshalldebittheCustomer’saccountwhentheorderisfulfilledunlessotherwiseprovidedforbytheprovisionsofagreementssignedbytheCustomerand

theBank.3. Atthetimewhentheaccountisdebitedwiththeorderamount,theCustomerisobligedtohavefundsdepositedonhisbankaccounttotallingtheorderamount

increasedbyfeesandcommissionsduetotheBank.

§ 1111. TheBankconfirmsfulfilmentoforderswithbankstatements,pursuanttoprovisionsoftheAgreement.2. Thedocumentsreferredtoinparagraph1containinparticularinformationonfulfilledorders,settlementsrelatedtotheseorders,andonfeesandcommissions

chargedbytheBank.3. UnderthemBankCompanyNetsystemtheBankimmediatelyafterexecutionofpaymentorderprovidestheCustomerwithanelectronicconfirmationofitsfulfilment.

§ 112TheBankshallnotbeliablefortheloss,distortionordelayinthefulfilmentofaninstructionarisingforreasonsbeyondtheBank’scontrolduringtransmissionoftheinstructionbymeansofanyfixedlineorwirelesscommunicationdevicesorfortheeffectsoffulfilmentoftheCustomer’sinstruction.

§ 113TheBank’sliabilitydoesnotcoverdamagescausedbycircumstancesbeyondtheBank’scontrol,inparticular,forcemajeureoractionsofpublicauthorities.

§ 1141. Provisionsof§§105-107and§108paragraph1donotrefertodirectdebit,whosefulfilmentrulesaresetforthinaseparateagreement,orpaymentorders

fulfilledunderoptionalmodulesandtransactionplatforms,forwhichtheorderfulfilmentrulesaresetforthinseparateregulationsreferredtointhecontentsoftheseRegulations.

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2. Theprovisionsof§§109-111donotapplytoloandisbursementorderswhich-inthescopenotgovernedbytheAgreement-areexecutedinaccordancewithaseparatecreditagreement.

§ 115Detailedconditionsforfulfilmentoforders,changeoftermsandcancellationoftermdepositsarecontainedinthe“RegulationsonPLNandFXTermDepositsforInstitutionalClients”.

CHAPTER 8Special rules for executing Expres Elixir instant PLN transfers

§ 116AnExpresElixirtransferisadomestictransferexecutedinzlotyfromtheCustomer’sbankaccountmaintainedinzlotytothebeneficiarywhohasabankaccountmaintainedbyanotherentitywhichistheparticipantoftheExpresElixirsystem(asystemmaintainedbythePolishClearingChamber(KrajowaIzbaRozliczeniowaS.A.).ExpresElixirtransferscannotbemadetobankaccountsatmBankS.A.

§ 117ExpresElixirtransferorderresultsinexecutionofthistransferimmediatelyuponauthorisationofExpresElixirtransfer-providedthatboththeBankandtheentitywhichmaintainsaccountofthebeneficiaryofExpresElixirtransferareavailableatthesametime.

§ 118TheBankmakesthefollowingavailableundertheExpresElixirtransferorderformsinthemBankCompanyNetsystem:1/ informationconcerninghoursoftheBank’saccessibilityintheExpresElixirsystem,2/ currentlistofdomesticbankswhichareparticipantsoftheExpresElixirsystem,3/ informationconcerninghoursofaccessibilityofbanksmentionedinpoint2intheExpresElixirsystem.

§ 119TheamountofasingleExpresElixirtransfermaynotexceedtheamountstatedfortheCustomer’sinformationonthepagesofthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/orthroughthepublicationofinformationintheBank’soperatingrooms.

§ 120FromthemomentofauthorisationoftheinstructionuntiltheCustomer’sbankaccountisdebited,theBankblocks–intheCustomer’saccount–cashintheamountoftheExpresElixirtransferplustheamountoffeecollectedfortheexecutionofthetransferinaccordancewiththeexisting“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”.

§ 121TheCustomermaycalloffanExpresElixirtransferauthorisedoutsidethesimultaneousaccessibilityofmBankS.A.(bankoftheentityissuingtheorder)andthebeneficiary’sbankintheExpresElixirsystem–untilthemomentofitsexecution.

CHAPTER 9 Specific rules for executing Blue Cash instant PLN transfers

§ 122BlueCashinstantPLNtransferisadomesticPLNtransferfromtheCustomer’sbankaccountinPLNtothebeneficiary’saccountoperatedbyotherentitybeingparticipantintheBlueCashPaymentSystem(maintainedbyBlueMediaS.A.).BlueCashtransferscannotbemadetobankaccountsatmBankS.A.

§ 123§§117-121applytoBlueCashinstanttransfersinPLN,however,eachtimereferencesaremadetherein:1/ toExpressElixirinstanttransfersinPLN,theyshouldbedeemedasBlueCashinstanttransfersinPLN,2/ toExpressElixirsystem,itshouldbedeemedasBlueCashPaymentSystem.

CHAPTER 10 Special Principles of execution of HalCash transfers

§ 1241. AHalCashtransferisadomestictransferexecutedinPLNfromthebankaccountoftheCustomermaintainedinPLNforthebenefitofthebeneficiary,whose

mobilephonenumberwasindicatedintheorder,andthetransferismadeviaanATMoraPOS.ThetransferwillbeexecutedundertheHalCashsystem(systemofHalCashtransfers)runbyHALCASHCEESpółkazograniczonąodpowiedzialnością.

2. TheprovisionsoftheRegulationsgoverningHalCashtransfers,inparticulartheprovisionsofthischapter,enterintoforceontheday indicatedbytheBankintheannouncementofthelaunchofHalCashtransferspublishedbytheBankonthemBankCompanyNetsystemloginsite.

§ 1251. WhenfilingtheHalCashtransfertheCustomerisobligedtoprovidethefollowinginformationintheorder:

1/ themobilephonenumberofthebeneficiaryoftheorder,2/ 4-digitcodeselectedindependently,whichwillbenecessarytomakeawithdrawalatanATMoraPOSbythebeneficiary,3/ theHalCashtransferamount,subjectto§126,4/ thevaliditydateoftheHalCashorder.

2. Providingcorrectdata,indicatedinparagraph1,isaconditionnecessarytoexecutetheorder.

§ 126MinimumandmaximumamountofasingleHalCashtransferismadeavailabletotheCustomeronthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.TheHalCashtransferamountmustbePLN50oramultipleofPLN50.

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§ 1271. FilingaHalCashtransferwillresultinforwardingthistransferbytheBankforexecutionundertheHalCashsystem.2. TransferringtheHalCashtransferforexecutionundertheHalCashsystemmakesitpossibletowithdrawtheamountintheorderbythebeneficiaryindicatedin

theHalCashtransferatadatesetbytheCustomer,inanetworkofATMsorterminalsservicingpaymentsoffundsfromtheHalCashsystem(onlyontheterritoryoftheRepublicofPoland).

§ 1281. FromthemomentoffilingtheHalCashtransferbytheCustomertheBankblocksthecashfunds-onthebankaccountoftheCustomer-intheamountof

theHalCashtransferuntiltheaccountoftheCustomerisdebitedwiththeamountoftheHalCashtransfer(whattakesplaceaftertheamountoftheorderiswithdrawnbythebeneficiary),increasedbythefeeamountcollectedforexecutingthetransferinaccordancewithanapplicable“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”.

2. InthecasewhenthebeneficiarydoesnotexecutetheHalCashtransferwithinitsexpirydateindicatedbytheCustomerinaccordancewith§125paragraph1point4,theHalCashtransferorderexpires,andtheblockadeofcashfundsintheamountoftheHalCashtransferislifted.

§ 1291. TheBankdebitstheaccountoftheCustomerwithfeesfor:

1/ filingaHalCashtransfer-onthedateoffilingtheorderoronthenextworkingday,providedthedayoffilingtheorderisaholiday,2/ executionoftheHalCashtransfer-immediatelyafterreceivingdatabytheBankonwithdrawingtheorderamountfromtheHalCashtransferorderbythe

beneficiary.2. Provisionsof§161paragraph2oftheRegulationsdonotapply.

§ 1301. TheBankpublishestheinformationon:

1/ themanneroffilingaHalCashtransferorder,2/ minimumandmaximumHalCashtransferamount,3/ contactandregistrationdataofHALCASHCEESpółkazograniczonąodpowiedzialnością,4/ mannerofexecutionofwithdrawalsfromtheHalCashsystembythebeneficiary,5/ ATMsorterminals,referredtoin§125paragraph1point2,6/ principlesandprocedureofhandlingclaimsbyHALCASHSpółkazograniczonąodpowiedzialnościąconnectedwithwithdrawalsfromtheHalCashsystem,atthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.

2. TheBankisnotliableforthecontentoftheinformationreceivedfromHALCASHCEESpółkazograniczonąodpowiedzialnością,providedinparagraph1points3-6.

§ 1311. Bank’sresponsibilityresultingfromtheAgreementincludesforwardingtheHalCashtransfertotheHalCashsystem.2. UndertheAgreement,theBankdoesnotbeartheresponsibilitytoexecutetheHalCashtransferwithintheHalCashsystem,includingallowingthebeneficiaryof

theHalCashtransfertowithdrawtheorderamountfromanATMoraterminal.3. TheBankdoesnotacceptoracceptanyclaimsfiledbyHalCashtransferbeneficiaries.TheentityacceptingandsettlingtheseclaimsisHALCASHCEEspółka

z ograniczonąodpowiedzialnością.

CHAPTER 11Special Principles of Executing Foreign Transfers

§ 132TheBankexecutesforeigntransferswiththefollowingcostdivisionoptions:1/ SHA – fees and commissions are divided respectively between the Customer (ordering party) and beneficiary (the Customer incurs the Bank’s fees and

commissions,andthebeneficiary,allotherfeesandcommissions),2/ OUR–feesandcommissionsarecoveredexclusivelybytheCustomer(orderingparty),3/ BEN–feesandcommissionsarecoveredexclusivelybythebeneficiary(theBankdebitstheCustomer’s(orderingparty’s)bankaccountindicatedinthecontents

oftheforeigntransferorderwiththefullamountoftheorderanddecreasestheamountoftheforeigntransferbythefeesandcommissionsduetotheBank,whicharecoveredbythebeneficiary).

§ 1331. DependingonthecurrencyofthetransactionandtheCustomer’sselection,theBankexecutesforeigntransfersusingthefollowingprocedures:

1/ STANDARD–orderexecutionprocedureonthevaluedateforthebeneficiary’sbankD+2,whereDmeansthedateofexecutionoftheCustomer’spaymentorderbytheBank,

2/ URGENT–orderexecutionprocedureonthevaluedateforthebeneficiary’sbankD+1,whereDmeansthedateofexecutionoftheCustomer’spaymentorderbytheBank,

3/ EXPRESS–orderexecutionprocedureonthevaluedateforthebeneficiary’sbankD,whereDmeansthedateofexecutionoftheCustomer’spaymentorderbytheBank.

2. Detailedinformationabouttheavailabilityofforeigntransferexecutionproceduresdependingonthecurrencyoftheordermaybefoundinthecurrent“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”.

§ 134TheCustomerauthorisestheBanktomodifyforeigntransfers(excludingtransfersdeliveredtothemBankCompanyNetsysteminfilessignedbythecertificatesupportedbytheBank)asregardsthecorrectdeterminationoftheorderexecutionprocedure(changeoftheSTANDARDproceduretoURGENT)andselectionofthecostoption(changeoftheBENoptiontoSHA)inordertoensurethecomplianceoftheorderwithprovisionsofthePaymentServicesAct–providedthattheforeigntransferoriginallysubmittedbytheCustomerisnotcompliantwiththoseprovisions.

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CHAPTER 12 Specific Principles of Fulfilment of Postal Order Payment Order

§ 135TheCustomer,throughthemBankCompanyNetsystem,maysubmitanexecutionorderfor–withintheterritoryoftheRepublicofPoland:1/ (“standard”)postalorderdeliveredtoaspecifiedaddressinaccordancewiththeapplicableregulations,2/ aPosteRestantepostalorderwhichisissuedtotheaddresseeexclusivelyatthePostalOperator’spayingpostofficespecifiedbytheCustomer.PosteRestante

postalordersmustcontaintheforenameandsurnameorthefullnameofthepostalorderaddressee,andbecorrectlymarked(“PosteRestante”),togetherwiththepostalnumberofthePostalOperator’spayingpostofficetowhichtheaddresseeistoreportforthecollectionofthepostalorder.

§ 1361. Confirmationofthepostalorderfulfilmentorreturn,subjecttoprovisionsof§107oftheseRegulations,aresenttotheCustomeruponreceiptofthe“Recorded

delivery”slipofthepostalorderfromthePostalOperator,signedbytherecipientofthepostalorder,orreturndocument.Returnconfirmations“Recordeddelivery”andreturnsofthesentpostalordersaremadeavailabletotheCustomerbytheBankinareturnreport,whosestructureispresentedatthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/underthefilename“Struktura_raportu_przekazu_pocztowego”(Postal_order_report_structure).

2. TheBankdoesnotprovidetheCustomerwithactualpaperdocumentsofrecordeddeliveryorreturns.ThesedocumentsarestoredattheBankunderseparateregulations.

3. TheBankmayprovide theCustomerwithelectronic imagesof the recordeddeliveryor returndocuments,uponsubmissionby theCustomerofasigned“InstructiontoallocaterightstousethePostalOperator’swebsite(www.)andimagesofrecordeddeliveryandreturndocumentsofpostalorders”,andupontheCustomer’sapprovaltocovercoststiedtoprovisionofthisservice.

4. ElectronicimagesoftherecordeddeliveryorreturndocumentsaremadeavailableatthePostalOperator’swebsitefollowingtheapprovalandsigningoftheinstructionreferredtoinparagraph3.

5. TheCustomermayrequesttheBanktomakeavailabletheoriginalrecordeddeliveryorreturndocumentofthepostalorder.TheBank,within4businessdaysfromthedateofreceipttheCustomer’srequestsentbyelectronicmail,shalldelivertheoriginalrecordeddeliveryorreturndocumenttotheaddressindicatedbytheCustomer.TheratesoffeesarecompliantwiththepricelistpublishedonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.

§ 137Inthecasewhenthepostalorderisreturned,theCustomer shallreceivearefundoftheentireamountofthepostalordersenttothebankaccountfromwhichthepostalorderwassent.

§ 138TheCustomershallbechargedwiththepostalfeeforreturningthepostalordercollectedbytheBank,inaccordancewiththepricelistpresentedonthethemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.

CHAPTER 13 Specific Principles of Executing loan disbursement Orders

§ 1391. InthemBankCompanyNetsystemtheCustomermaysubmitanordertodisbursealoanwhichcanbeviewedbytheCustomerinthesystem.2. TheorderreferredtoinparagraphisexecutedbytheBank,subjectto§140,bymeansof:

1/ creditingtheloanamounttotheCustomer’sbankaccountwhichcanbeviewedinthemBankCompanyNetsystem,or2/ executingadomesticcredittransferoraforeigncredittransferusingtheloanamountinaccordancewiththeprovisionshereof.

3. Inordertoexecutethedomesticcredittransferortheforeigncredittransferreferredtoinparagraph2point2,theBankmaypartiallyusetheCustomer’sownfundsdepositedintheCustomer’sbankaccountwhichcanbeviewedinthemBankCompanyNetsystem.

§ 140TheBankdecidestoexecutetheloandisbursementorder,providedthattheCustomermeetsthefollowingconditions:1/ theCustomersubmitsacorrectlydraftedandauthorisedloandisbursementorderandfurnishestheBankwithsuchpaper-baseddocumentsrelatingtotheloan

asmayberequiredinthecreditagreementunderwhichtheorderissubmitted,2/ positiveresultoftheformalandcontent-relatedverificationofthecorrectnessandcompletenessofthesubmittedloandisbursementorderandthedocuments

referredtoinpoint1.

§ 141TheBankconfirmstheexecutionoftheloandisbursementorderintheformofadomesticorforeigncredittransferbyprovidingtheCustomerwithelectronicconfirmationoftheexecutionoftheloandisbursementorderinthemBankCompanyNetsystem.

CHAPTER 14 Special Rules of Payment Orders Processing for Mass Payment and Mass Payment Plus

§ 1421. OnthebasisoftheAgreementoraseparateCustomerinstruction,approvedbytheBank,theBankprovidestotheCustomertheproductMassPaymentorMass

PaymentPlus.2. UndertheMassPaymentproducttheCustomermayfulfildomestictransferorderssolelyundertheCustomer’sowninstructions.3. UndertheMassPaymentPlusproducttheCustomermayfulfildomestictransferorders,includingtaxtransfersandsocialsecuritytransferssolelyunderthe

instructionsofthirdparties.4. TheCustomer,bymeansofthemBankCompanyNetsystem,mayplacepaymentordersforMassPaymentorMassPaymentPlusinwhichwithinoneorderthe

Bankreceivestoexecutionafilecontainingspecifiednumberoffragmentaryorders.5. MassPaymentortheMassPaymentPlusproductsaremadeavailabletotheCustomeronconditionthattheCustomerholdswiththeBankanauxiliarybank

account(“MassPaymentaccount”)maintainedinPLN.6. OrderswithintheMassPaymentorMassPaymentPlusproductsmaybeplacedsolelyfromMassPaymentaccountsindicatedbytheCustomerintheAgreement

orinaseparateCustomerinstructionacceptedbytheBank.7. TheBankexecutesMassPaymentandMassPaymentPlusordersdenominatedsolelyinPLN.8. MassPaymentandMassPaymentPlusinstructionsareexecuteduptothelimitconstitutingthesumoftheMassPaymentaccountbalanceandanoverdraft

possiblygrantedunderseparateagreement.

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9. TheMassPaymentaccountisdebitedwiththecombinedamountoffragmentaryordersincludedintheMassPaymentPlusorders,acceptedforexecutionbytheBank.10. FragmentaryorderscomprisingtheMassPaymentandMassPaymentPlusordersareexecutedontheexecutiondateofMassPayment indicatedbythe

Customer,evenifthetextoftheindividualfragmentaryordersshowsthattheyshouldbeexecutedonotherbusinessday.

CHAPTER 15 Specific Principles of Fulfilment of Instructions under the Trade finance module

§ 1431. TheCustomerbeingaPartytotheAgreementmaywithinmBankCompanyNetsystemintheTradefinancemodule(optionalmodule)placeordersconcerning

TradefinanceproductsdefinedintheRegulationsreferredtoinparagraph2.2. TermsandconditionsforprovidingTradefinanceproductsunderthemBankCompanyNetsystemandthetermsandconditionsfortheCustomerplacingandthe

BankfulfillinginstructionsrelatingtoTradefinanceproductsareprovidedforinthe“RegulationsontheProvisionandServiceofTradefinanceProductsthroughtheInternetElectronicBankingSystem”.

CHAPTER 16 Specific Principles of Fulfilment of Orders under the Cash module

§ 1441. ACustomerwhoisaPartyoftheAgreementmaybegrantedaccesstotheCashmodule(optionalmodel)withinthemBankCompanyNetsystem,underwhich

theBankprovidestheCustomerwiththepossibilitytoplaceopencashwithdrawalinstructionsandclosedcashwithdrawalinstructions,subjecttoprovisionsofparagraphs3and6.

2. TheCustomerplacespaymentinstructions,referredtoinparagraph1,bymeansofrelevantelectronicformswhichareprovidedintheCashmoduleofthemBankCompanyNetsystem.

3. InordertobeabletosubmitclosedcashwithdrawalinstructionsundertheCashmodule,theCustomerneedstosignwiththeBankanagreementonexecutionofclosedcashwithdrawals.

4. Theprinciplesforexecutionofopencashwithdrawalinstructionsaresetforthinthe“RegulationsonOpening,HoldingandClosinganIntegratedBankAccountatmBankS.A.”.

5. Theprinciplesforexecutionofclosedcashwithdrawalinstructionsaresetforthinthe“RegulationsonClosedcashwithdrawals”.6. Paymentinstructionsotherthanthosereferredtoinparagraph1andrelatedtothecashserviceareavailablewithinCashunderindividualarrangementsbetween

theBankandtheCustomer.

CHAPTER 17 Specific Principles of Fulfilment of Instructions under the Cards module

§ 1451. ACustomerwhoisaPartyoftheAgreementmaybegrantedaccesstotheCardsmodule(optionalmodule).2. TheCardsmoduleallowstheCustomerto:

1/ viewandmanagedebitcards,2/ viewandmanagetheCorporatePaymentCardsmentionedintheRegulationsofthemBankS.A.CorporatePaymentCards(hereinafterreferredtoasthe

“CorporatePaymentCards”),andaccessthelistsofoperationsexecutedwiththeuseofthosecards,3/ view,manageandsubmitinstructionsotherthanreferredtoinparagraph3,tiedtoPrepaidPaymentCardsofmBankS.A.heldbytheCustomer,4/ viewandsubmitinstructionstiedtothebearerPrepaidPaymentCardsheldbytheCustomer,whichareissuedbytheBankaselectroniccashinstruments.

3. Aspartofmanagementofthecardsreferredtoinparagraphs2points1and3,theCustomermayplaceinstructionsto:1/ changethedailyandmonthlycardlimits,2/ blockcards,3/ changethetermsonprolongingthecardvalidityforthefollowingperiod(renewal).

4. Aspartofmanagementofcardsmentionedinparagraph2point2,theCustomermaysubmitthefollowinginstructions:1/ cardactivation,2/ changeofcardlimits–boththemonthlycardlimitandauthorisationlimits(dailyandmonthly),3/ introductionofatemporaryincreaseofthecardlimitinemergencies,4/ orderingacardduplicate,5/ blockingthecard,6/ changingtermsofextendingthevalidityofcardsforasubsequentperiod(renewal)7/ earlierrepaymentofthecardlimitforchargetypecards(increasingthecardlimit).

5. Aspartofmanagementofthecardsreferredtoinparagraph2point3and4,themBankCompanyNetusermayplaceinstructionsto:1/ requestcards–submitordersfortypesofcardsselectedbytheCustomer,resultingintheissueofthesecardsbytheBank,2/ activationofcards–activationofcardbytheCustomer,enablingtheuseofthecard,inparticularperformanceoftransactions,3/ toppingupofcards/toppingupofonlinecards-increasingthebalanceoffundsonthebearerPrepaidCardsissuedbytheBankaselectroniccashinstruments

(cardwithtop-upscheme),inthemannerindicatedbytheBankintheRegulationsonbearerPrepaidCard,issuedbytheBankaselectroniccashinstrumentorthroughatop-upfilepreparedintheformatrequiredbytheBank,containinginformationonthenumberofcardsandthecorrespondingtop-upamountswhosetotalamountdoesnotexceedtheamountoffundsavailableintheaccountfromwhichthetop-upamountshallbedebited.

6. Theonlinecardtop-upwillbeexecutedbytheBankimmediatelyafteranappropriateinstructionissubmitted,exclusivelyfromanaccountmarkedinthemBankCompanyNetsystemasthe“onlineaccount”inwhichtheviewingofthebalanceoffundsavailableispossibleatanytime.

7. TherangeofavailableinstructionsmaychangeasthemBankCompanyNetsystemisdeveloped.TheBankinformstheCustomereachtimethefunctionalitiesofthemBankCompanyNetsystemchange,throughanelectronicmessageprovidedtousersofthemBankCompanyNetsystem.

8. TheBankprovidestheCustomerwithreportsontheexecutionofinstructionssubmittedbytheCustomer,inparticular:1/ cardsrequests,2/ cardstop-ups.

9. ThereportsshallbeprovidedtotheCustomereachtimeinelectronicform,throughthemBankCompanyNetsystem.10. TheBankisliableforexecutionoftheCustomer’sinstructionaccordingtoitscontents.TheCustomershallbeliableforanyerrorsinthecontentsofinstruction

issuedtotheBank.11. TherulesforsubmissionbytheCustomerandexecutionbytheBankofinstructionsreferredtoinparagraph3aresetforthin:“AgreementonPaymentCardsfora

CorporateCustomer”orthe“AgreementtoissueandmanagePrepaidPaymentCardsofmBankS.A.”,andtheregulationsreferredtotherein,subjecttoprovisionsofparagraph12.

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12. Incasewhentheagreementsreferredtoinparagraph11inorderfortheCustomer’srepresentationtobevalidrequirethesubmissionofinstructionreferredtoinparagraph3inwrittenform,thisrequirementisdeemedfulfilledalsointhecasewhentheseinstructionsaresubmittedundertheCardsmodule.

13. Inthecasewhentheinstructionsreferredtoinparagraph3point2areauthorisedbytheCustomerwiththeuseofcertificate,suchinstructionsareexecutedforthwithandprovisionof§106doesnotapply.

14. TherulesforsubmissionbytheCustomerandexecutionbytheBankofinstructionsreferredtoinparagraph2point3aresetforthinthe“AgreementtoissueandmanagePrepaidPaymentCardsofmBankS.A.”andtheregulationsreferredtotherein.

CHAPTER 18 Specific Principles of concluding selected financial market transactions under the FX platform

§ 1461. TheCustomerofthemBankCompanyNetsystemmaybegrantedaccesstotheFXplatform(optionalmodule),withinwhichshe/hemayconcludeselected

financialmarkettransactions.AuthorizationoftheCustomertothemBankCompanyNetTransactionPlatform,includingauthorizationofthemBankCompanyNetsystemusers,shouldbestipulatedasper§ 88.

2. ThemBankCompanyNetsystemuserisentitledtoconcludesingle-handedlyselectedfinancialmarkettransactionswithintheFXplatform,atthelatestonthethirdbusinessdayfromthedateofconclusionoforamendmenttotheAgreement,providingforgrantingthoseauthorizations.

§ 1471. TomattersnotregulatedinthisChapter,provisionsofthefollowingRegulationsapply:“GeneralTermsandConditionsofCo-operationwithClientsinFinancial

MarketTransactions”,“SpotFXtransactions”,subjectto§153paragraph2and“RegulationsonPLNandFXTermDepositsforInstitutionalClients”,subjectto§153paragraph3.

2. InthecaseofdiscrepanciesbetweentheprovisionsofthisChapterandtheprovisionsoftheRegulations,referredtoinparagraph1,theprovisionsofthisChaptertakepriority.

§ 148ProvisionsofthisChapterdonotapplytotheCustomerswhohaveobtainedauthorizationstotheFXplatformjointlybasedontheAgreement“MasterAgreementonCooperationRulesforFinancialMarketTransactions”andtheRegulation“FXplatform”.

§ 1491. TheCustomerauthorizestheBanktodebit/credithis/herbankaccount(SettlementAccounts)operatedbasedontheAgreementwiththeamountsresultingfrom

transactionsconcludedbytheCustomerwiththeBankviatheFXplatform.2. AstheSettlementAccountforthepurposesofaspecifictransactionanyofthebankaccountoperatedbytheBankfortheCustomer,basedontheAgreement,

maybeindicatedbythemBankCompanyNetsystemuser.

§ 1501. TheBank,viatheFXplatform,willmakeavailabletotheusersofthemBankCompanyNetsystem,authorizedtoconcludeselectedfinancialmarkettransactions

viathePlatform:1/ informationonthebalanceoffundsavailableintheSettlementAccountoftheCustomer,2/ informationontheAuthorizedNotionalAmountofFXTransaction(maximumamountforwhichtheCustomermayconcludethespotFXtransaction),

referredtoin§155.3/ reportsonthetransactionsconcludedviatheFXplatformandthetransactionsconcludedbyphone.

2. Viathe FXplatformtheBankwillprovidethemBankCompanyNetsystem users authorisedtoviewtransactionswithreportsontransactionsconcludedontheFXplatformandtransactionsconcludedoverthephone. 

§ 1511. FinancialmarkettransactionsmaybeconcludedbytheCustomerviatheFXplatformonlyduringworkinghoursofthePlatformonBusinessDays(definedinthe

“GeneralTermsandConditionsofCo-operationwithClientsinFinancialMarketTransactions”),inwhichtheBankconductsoperationonthefinancialmarketandeffectssettlementsinthecurrenciesinwhichthetransactionisdenominated.

2. DetailedinformationontheworkinghoursoftheFXplatform,referredtoinparagraph1,ispublicizedontheInternetsitesoftheFXplatform.

§ 1521. ConclusionofselectedfinancialmarkettransactionsviatheFXplatformispossibleuponpreviousidentificationbytheBankoftheCustomerandtheuserofthe

mBankCompanyNetsystemauthorizedtoconcludetransactionswithintheFXplatform,undertheprinciplessetforthintheseRegulations.2. ConclusionoftransactionsoccursatthetimeofacceptingtheconditionsofthetransactionbytheuserofthemBankCompanyNetsystemandsendinga

message,confirmingtheconclusionofthetransaction,bytheFXplatform.3. ConclusionofthetransactiondoesnotrequireanadditionalauthorizationbytheuserofthemBankCompanyNetsystem.4. ConclusionoftransactionsisconfirmedbysendingastatementfromtheCustomer’sSettlementAccounttotheCustomer.5. SpecificprinciplesofconcludingtransactionsviatheFXplatformarespecifiedinthehelpavailableontheInternetsitesoftheFXplatform(“HELP”option).6. ConcludedtransactionsareregisteredbytheBankintheformofelectronicrecordwithintheFXplatform.7. InthecaseofinconsistenciesbetweentheconditionsoftransactionconcludedbytheBankandtheCustomerandtheconditionsgivenonthestatementfrom

theCustomer’sSettlementAccount,indisputablematterstheelectronicrecordoftheconditionsofthetransactionwithintheFXplatformwillbeconclusive.

§ 1531. TheBankprovidesinterestratesondepositsandforeigncurrencybuyandsellratesbasedoncurrentquotationsfromtheinterbankmarket.2. TheCustomeracknowledgesthatinthecaseofspotFXtransactionsthebuyorsellexchangeratemaydiffer(andbelessfavourabletotheCustomer)fromthe

ratefromthecurrentlyapplicablemBankS.A.ExchangeRates.3. TheCustomeracknowledgesthattheinterestratesonfixed-termdepositsmaydiffer(andbelessfavourabletotheCustomer)fromthebasicinterestrateson

depositspublishedintheoperatingroomsoftheBankoronthemBankGroupwebsites.

§ 154ConclusionoftransactionbytheCustomerisfortheBankaninstructionfinalandbindingontheCustomertodebitorcredittheCustomer’sSettlementAccounts,maintainedbytheBank,withtheamountsresultingfromsettlementoftransactionsconcludedbytheCustomerviatheFXplatform.

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§ 1551. TheCustomermayconcludespotFXtransactionuptotheamountoftheAuthorizedNotionalAmountofFXTransaction.2. Normally,theAuthorizedNotionalAmountofFXTransactionisequaltotheamountoffundsavailableintheSettlementAccountindicatedbytheuserofthe

mBankCompanyNetsystem,heldinthecurrencysoldbytheCustomer.3. UponconclusionofthespotFXtransactiontheBankforthwithblocksintheCustomer’sSettlementAccountfundsintheamountsoldbytheCustomer.4. Onthesettlementday,theBankdebitstheCustomer’sSettlementAccountwiththeamountofthesoldcurrencyandcreditstheCustomer’sSettlementAccount

withtheamountoftheboughtcurrency.5. TheBankmaysettheAuthorizedNotionalAmountofFXTransactionaccordingtootherprinciplesthanthosereferredtoinparagraph2andrefrainfromthe

blockade,referredtoinparagraph3.6. InthecasewhentheBankhasrefrainedfromtheblockade,referredtoinparagraph3,andontheSettlementDayintheCustomer’sSettlementAccountthere

arenotenoughfundstosettlethespotFXtransaction,theBankexecutesclosingtransaction,undertheprinciplessetforthinthe“RegulationonSpotFXTransactions”.

7. MaximumamountoftheAuthorizedNotionalAmountofFXTransactionispublicizedonInternetsitesoftheFXplatform.

CHAPTER 19 Restrictions to Fulfilment of Orders

§ 156TheCustomermayfreelyadministerthefundsuptothecurrentbalanceonthecurrentorauxiliarybankaccountwithintheframeworkoftheapplicableprovisionsofthelawandsubjecttotherestrictionsarisingfromtheagreementssignedbytheCustomerandtheBank.

§ 1571. IftheCustomer’sinstructionisinconsistentwiththeAgreement,theRegulationsortheprovisionsofthelaw,theBankrefusestofulfiltheinstruction.TheBank

refusestoexecutetheloandisbursementorderwhichisinbreachofthecreditagreementunderwhichitissubmitted.2. IftheCustomer’sinstructionwiththefeeorcommissionduetotheBankisnotcoveredbythefundsinthebankaccount,theBankmayrefusetofulfilthe

instruction.3. TheBankmayrefusetofulfiltheinstructionsubmittedbymBankCompanyNetuserentitledtoauthoriseinstructionswhofailedtocomplywiththeobligation

todelivertothebranchthe“IdentityCardtogetherwithinformationonpersonaldataprocessing”.4. TheBankmayrefusetofulfiltheinstructionsubmittedbymBankCompanyNetuserentitledtoauthoriseinstructionsuntiltheendofthebusinessdayfollowing

thedayonwhichtheusercompliedwiththeobligationtodelivertothebranchthe“IdentityCardtogetherwithinformationonpersonaldataprocessing”.Thisperiodisnecessarytoenterthepersonaldataofthisuserintothebanksystem.

5. IftheCustomerentersanincorrectNRBIDorincorrectIBANIDintheinstruction,theBankmayrefusetofulfilthisinstruction.AnincorrectNRBIDorincorrectIBANIDistheonethatisinconsistentwiththebankaccountnumberstandardspecifiedintheOrderofthePresidentoftheNBPwhichisreferredtoin§83points13and14.

6. If theexecutionofan instruction is refused,theBankshallnotifythemBankCompanyNetsystemuseroftherefusaltoexecutethe instruction.Incasesmentionedinparagraphs3-5,theinformationabouttherefusaltoexecutetheinstructionshallbesubmittedtothemBankCompanyNetsystemuserviaamessageavailableinthemBankCompanyNetsystem.ThemessageshallbedisplayedtothemBankCompanyNetsystemuserwhenheattemptstosubmittheinstruction.

7. TheBankhastherighttocollectafeeforthenotificationmentionedinparagraph6inthecasewheretherefusaltoexecutetheinstructionhasbeenjustified.Ifafeeiscollected,theamountofthefeeshallbedeterminedbythe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”–SectionI–BankAccounts.

§ 158TheBankshallnotfulfilapaymentinstructionsubmittedwithanincorrectonetimepassword.

CHAPTER 20 Commissions and Fees

§ 1591. ForactionsspecifiedintheRegulations,theBankchargescommissionsandfeesspecifiedinthe“TariffofbankingfeesandcommissionsofmBankforSMEand

Corporates”–SectionI–BankAccounts.2. Fortheservicingofthepostalorder,theBankcharges,subjecttothefeementionedinparagraph1,postalchargesinaccordancewiththecurrentpricelistofthe

PostalOperator,publishedonthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.3. ForexecutingapaymentinstructionwithintheMassPaymentandMassPaymentPlusproducts,theBankchargesfeesspecifiedintheAgreementorina

separateinstructionoftheCustomeracceptedbytheBank.4. TheBankchargesafeefortheexecutionoftheloandisbursementorderamountingtothefeefortheexecutionofadomesticorforeigncredittransferrespectively,

asindicatedinparagraph1,unlessthefeefortheexecutionoftheloandisbursementorderisspecifiedinthecreditagreementunderwhichtheorderisexecuted(ifthatisthecase,thefeespecifiedinthecreditagreementapplies).

5. TherulesforchargingfeesformBankCompanyConnectPartnerPackageservicesarestipulatedinthemBankCompanyNetAgreementortheIntegratedBankAccountAgreementandseparate,relevantprovisionsonmBankCompanyConnectservicesofferedbymBankS.A.

6. Feesandcommissionsconcerningmodulesandtransactionplatformsreferredtoin§83point21aresetinagreementsandregulationsreferredtoin§85paragraph1.

7. The“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”isintroducedbythePresidentoftheBank’sManagementBoardintheformofanorder.

8. Thelevelofthefeesorcommissionsmaychange.Thechangesinthelevelofcommissionsandfeesshalldepend,inparticular,onthetransactionservicingcostsincurredbytheBank,includingthemarketparametersthataffectthecosts,suchasinflation,exchangeratesandreferenceinterestratesfixedbytheNBP.

§ 160Thecurrentratesofthe“TariffofbankingfeesandcommissionsofmBankforSMEandCorporates”andinformationontheamendmentsinratesareavailableintheformofannouncementsintheBank’soperatingroomsorthroughthemBankGroupwebsitesattheaddresswww.mbank.pl/msp-korporacje/.

§ 1611. TheCustomerauthorisestheBanktochargehis/heraccountwithcommissionsandfeesduetotheBank,includinganycommissionsorfeesofabankactingas

intermediaryinthefulfilmentoftheinstruction.

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mBank.pl mBankS.A.,ul.Senatorska18,00-950Warszawa,enteredinthecommercialregisteroftheNationalCourtRegisterkeptbytheDistrictCourtfortheCapitalCityofWarsaw,12thCommercialDivision,underKRS0000025237,TaxIdentificationNumber(NIP):526-021-50-88,withitsfullypaid-upsharecapitalamountingtoPLN168,555,904asat1January2013.

2. TheBankshallchargetheCustomer’saccountwithcommissionsandfeesforthefulfilmentofthepaymentinstructionatthetimetheinstructionisbeingfulfilled.

3. Theprinciplesexpressedinparagraph2applyunlesstheprovisionsofseparateagreementssignedbytheCustomerandtheBankprovideotherwise.

CHAPTER 21 Final Provisions

§ 1621. TheCustomerisresponsibleforsubmittingthe“IdentityCardtogetherwithinformationonpersonaldataprocessing”orthe“IdentityCard”foreachuserofthe

mBankCompanyNetsystementitledtoauthorisepaymentinstructionsortousemBankFXplatformoropentermdepositsandconcludespotFXtransactions.2. TheCustomerisresponsibleforimmediateupdatingofpersonaldatabyeachuserofthemBankCompanyNetsystementitledtoauthorisepaymentordersorto

usemBankFXplatformoropentermdepositsandconcludespotFXtransactions,inthescopedefinedinthe“IdentityCardtogetherwithinformationonpersonaldataprocessing”.

3. Thepersonsreferredtoinparagraph1updatetheirpersonaldataatthebranch.Inordertoperformtheupdateitisnecessarytoproduceanidentitydocument.

§ 163TheCustomermakesthecommitmentnottodeliverillegalcontenttotheBankthroughthemBankCompanyNetsystem.

§ 1641. TheBankmaywithholdfromprovidingtheelectronicbankingserviceswiththeuseofthemBankCompanyNetsystemintheeventofafailureinthecomputer

systemorinthetelecommunicationssystemwhichmakeimpossibletheprovisionofsuchservices,untilsuchafailureisremedied.2. TheBank’swithholdingofservicesforreasonsspecifiedinparagraph1shallnotbreachthetermsandconditionsoftheAgreement.3. Ina situationwhen it is impossible to setupa telecommunicationconnectionallowing toobtain informationon theaccount status through themBank

CompanyNetsystem,mBankSAprovidesinformationontheaccountstatusoverthetelephone,uponearlieridentificationandauthenticationoftheCustomerthroughtheContactCentre.

4. Theinformationreferredtoinparagraph3isprovidedtomBankCompanyNetsystemusersorcontrollerssolelyinthescopecorrespondingtothescopeofrightsofthemBankCompanyNetsystemusersorcontrollers,definedonthebasisoftherelevantappendices,andinparticulartherighttoviewtheCustomer’saccountunderthemBankCompanyNetsystem.

§ 165TheBankreservestherighttoconductmaintenanceandupgradeworksofthemBankCompanyNetsystem.TheBankshallnotifytheCustomerappropriatelyinadvanceofthemaintenanceandupgradeworkandthetimingofthetemporarylackofavailabilityofthemBankCompanyNetsystem.TheinformationshallbepublishedonthewebsitesofthemBankCompanyNetsystemorotherwisecommunicatedtotheCustomer.

§ 1661. TheBank,pursuanttoArticle24paragraph1oftheActonPersonalDataProtectiondated29August1997(i.e.:consolidatedtext:JournalofLawsof2002,no.

101,item926asamended),herebydeclaresthattheCustomer’sdata,andthedataofhis/herrepresentativesandemployeesdesignatedbyhim/hertoservicethemBankCompanyNetsystemwillbeprocessedinthebankdatabaseinordertosatisfythetermsandconditionsoftheagreementssignedwiththeBank.

2. PursuanttotheprovisionsoftheActreferredtoinparagraph1theCustomer,his/herrepresentativesandemployeesdesignatedbyhim/hertoservicethemBankCompanyNetsystemareentitledto:1/ accessandcorrecttheirdata,2/ objecttotheprocessingoftheirdataforpromotionalandmarketingpurposesorforthepurposeofadvertisingthebankingproductsandservices.

§ 1671. IncasewhenthemBankCompanyNetsystemcontrollercannot,forreasonsbeyondthecontroloftheBank,performtheconfigurationchangestowhichhe/she

isentitled,itispossibletoinstructtheBanktoperformthesechanges,throughthedeliveryoftherelevantappendicesbytheCustomer.2. IncasewhenthemBankCompanyNetsystemcontrollercannot,forreasonsresultingfromfunctionalitiesofthemBankCompanyNetsystem,performthe

configurationchanges,itispossibletoexecutethemonthebasisoftheCustomer’sinstructionsubmittedinelectronicform,withtheuseofthecommunicationform“MessagetotheBank”,titled“Messagefromthecontroller”.