Common use of Concepts and definitions Clause in Contracts

Concepts and definitions. The capitalised terms used in the present Agreement shall have the meaning as provided below unless a different meaning is determined by the context: 1.1. The Auction shall mean a manner of conclusion of the Loan Agreement between the Users, where the Loan Agreement is concluded between the Borrower, which submitted the Application (confirmed by the Operator) and initiated a specific auction, and the Investor/s, who/which provided the fastest Offer/s according to the terms and conditions of the Auction. 1.2. Automatic Investment Function is the functionality offered in the Platform to Users which allows choosing the Criteria of investment published in the Platform and acceptable to Users in advance and make Offers automatically to finance the Applications submitted by the Borrower in the Platform on the basis of such choice. Upon making Offers and using this functionality, the funds are automatically booked and/or automatically charged from the Lender’s Paysera account are for financing a respective Application. 1.3. Secondary market shall mean the functionality (system) in the Platform through which the Users may transfer the available Rights of Recourse to other Users (or purchase from other Users, as appropriate). 1.4. The General Terms shall mean the general terms and conditions of the Loan Agreement including any supplementations or modifications thereto. 1.5. The Investor shall mean a natural person above the age of 18 years or a legal entity duly registered on the Platform, who/which submitted the Offer via the Platform. 1.6. Repayable amount shall mean the amount of the Loan to be repaid by the Borrower to the Lender under the concluded Loan Agreement with calculated Interest and other payable amounts. 1.7. Investment transfer shall mean the functionality provided to the Lenders in a platform allowing to transfer (i.e. use as a new investment) the Borrower's Repayments under the Loan Agreement (to be refinanced) to another new Loan Agreement concluded for the purpose of refinancing by the same Borrower in accordance with the procedure set forth in this Agreement. 1.8. The User shall mean a natural person or a legal entity who/which is a member of the Platform, and who/which may act either as the Investor or the Borrower and has concluded the present Agreement by completing registration on the Platform according to the applicable conditions of the Agreement and has been correspondingly confirmed by the Operator. 1.9. The User Code shall mean a unique number attributed by the Operator to each registered Platform users, which is allocated for User identification. 1.10. The User Account shall mean an individual account of the User protected with a unique password and assigned to the User for performance of various actions on the Platform, i.e. to submit Applications and Offers, lend money, conclude the Loan Agreement, view the history of actions performed by the User, receive the Operator’s messages and manage own account in other ways. 1.11. Operator is Nordstreet UAB, legal entity code 000000000, head office address Xxxxxxxxxx x. 00, Xxxxxxx, Xxxxxxxxx. The Operator is included in the Public List of Crowdfunding Platform Operators maintained by the Bank of Lithuania.

Concepts and definitions. The capitalised terms used in the present Agreement shall have the meaning as provided below unless a different meaning is determined by the context: 1.1. The Auction shall mean a manner of conclusion of the Loan Agreement between the Users, where the Loan Agreement is concluded between the Borrower, which submitted the Application (confirmed by the Operator) and initiated a specific auction, and the Investor/s, who/which provided the fastest Offer/s according to the terms and conditions of the Auction. 1.2. Automatic Investment Function is the functionality offered in the Platform to Users which allows choosing the Criteria of investment published in the Platform and acceptable to Users in advance and make Offers automatically to finance the Applications submitted by the Borrower in the Platform on the basis of such choice. Upon making Offers and using this functionality, the funds are automatically booked and/or automatically charged from the Lender’s Paysera account are for financing a respective Application. 1.3. Secondary market shall mean the functionality (system) in the Platform through which the Users may transfer the available Rights of Recourse to other Users (or purchase from other Users, as appropriate). 1.4. The General Terms shall mean the general terms and conditions of the Loan Agreement including any supplementations or modifications thereto. 1.5. The Investor shall mean a natural person above the age of 18 years or a legal entity duly registered on the Platform, who/which submitted the Offer via the Platform. 1.6. Repayable amount shall mean the amount of the Loan to be repaid by the Borrower to the Lender under the concluded Loan Agreement with calculated Interest and other payable amounts. 1.7. Investment transfer shall mean the functionality provided to the Lenders in a platform allowing to transfer (i.e. use as a new investment) the Borrower's Repayments under the Loan Agreement (to be refinanced) to another new Loan Agreement concluded for the purpose of refinancing by the same Borrower in accordance with the procedure set forth in this Agreement. 1.8. The User shall mean a natural person or a legal entity who/which is a member of the Platform, and who/which may act either as the Investor or the Borrower and has concluded the present Agreement by completing registration on the Platform according to the applicable conditions of the Agreement and has been correspondingly confirmed by the Operator. 1.9. The User Code shall mean a unique number attributed by the Operator to each registered Platform users, which is allocated for User identification. 1.10. The User Account shall mean an individual account of the User protected with a unique password and assigned to the User for performance of various actions on the Platform, i.e. to submit Applications and Offers, lend money, conclude the Loan Agreement, view the history of actions performed by the User, receive the Operator’s messages and manage own account in other ways. 1.11. Operator is Nordstreet UAB, legal entity code 000000000, head office address Xxxxxxxxxx x. 00, Xxxxxxx, Xxxxxxxxx. The Operator is included in the Public List of Crowdfunding Platform Operators maintained by the Bank of Lithuania. 1.12. The Operator’s Fee shall mean a one-off fee charged upon the agreement between the Operator and the Borrower, which the latter shall pay to the Operator for the Loan administration services under the present Agreement and the Loan Agreement until the obligations under the Loan Agreement have been discharged in full. The amount of the fee shall be determined for each Borrower individually, based on the Service Rates published on the Platform and taking into account the credit risk, amount of the Loan, the Loan repayment term and other material circumstances. 1.13. The Lender shall mean the Investor who/which has concluded the Loan Agreement. 1.14. The Interest shall mean the annual interest rate on the Loan Amount which the Borrower shall be obliged to pay to the Investor and which has been indicated in the Application prior to the Auction. 1.15. The Application shall mean a binding public offer of the Borrower to conclude the Loan Agreement submitted via the Platform. Terms of the Application have been agreed with the Operator (and approved by the Operator) and are substantiated by the written documents and data of the Borrower.