Common use of OPENING OF A PAYMENT ACCOUNT Clause in Contracts

OPENING OF A PAYMENT ACCOUNT. The Account Holder must comply with the procedure for opening a Payment Account as described below. 3.1 Account Holder’s prior declarations The Account Holder, a qualified legal entity or natural person, expressly declares having the capacity and/or having received the authorisations required to use the Payment Services provided by Lemonway and guarantees Lemonway against any liability that it may incur as a result of a false declaration. The Account Holder declares that it acts on its own behalf. The Account Holder has the obligation to use the services provided by Lemonway in good faith, for lawful purposes and in compliance with the provisions of the Framework Agreement. Any Account Holder who is a natural person declares to be resident in France or in the European Economic Area. For any other country of residence or registration, Lemonway reserves the right to study the application to open a Payment Account in order to comply with the geographical scope of its authorisation. 3.2 Sending of identification documents Lemonway informs the Account Holder that in accordance with the identification requirements relating to the anti-money laundering and combating the financing of terrorism, opening the Payment Account is subject to sending and validating the required identification documents according to the capacity of the Account Holder. Lemonway reserves the right to request any other document or additional information, to allow it to carry out the appropriate verifications in accordance with its legal obligations including for the anti-money laundering. The Account Holder agrees to let the Partner Site send these documents to Lemonway by computer transmission and uploading on Lemonway’s computer systems. 3.3 Terms of approval of the Framework Agreement The Framework Agreement must be approved by the Account Holder by any means. The latter acknowledges having carefully read, understood and accepted the Framework Agreement in its entirety.

OPENING OF A PAYMENT ACCOUNT. The Account Holder must comply with the procedure for opening a Payment Account as described below. 3.1 Account HolderXxxxxx’s prior declarations The Account Holder, a qualified legal entity or natural person, expressly declares having the capacity and/or having received the authorisations required to use the Payment Services provided by Lemonway Lemon Way and guarantees Lemonway Lemon Way against any liability that it may incur as a result of a false declaration. The Account Holder declares that it acts on its own behalf. The Account Holder has the obligation to use the services provided by Lemonway Lemon Way in good faith, for lawful purposes and in compliance with the provisions of the Framework Agreement. Any Account Holder who is a natural person declares to be resident in France or in the European Economic Area. For any other country of residence or registration, Lemonway Lemon Way reserves the right to study the application to open a Payment Account in order to comply with the geographical scope of its authorisation. 3.2 Sending of identification documents Lemonway Lemon Way informs the Account Holder that in accordance with the identification requirements relating to the anti-money laundering and combating the financing of terrorism, opening the Payment Account is subject to sending and validating the required identification documents according to the capacity of the Account Holder. Lemonway Lemon Way reserves the right to request any other document or additional information, to allow it to carry out the appropriate verifications in accordance with its legal obligations including for the anti-anti- money laundering. The Account Holder Xxxxxx agrees to let the Partner Site send these documents to Lemonway Lemon Way by computer transmission and uploading on LemonwayLemon Way’s computer systems. 3.3 Terms of approval of the Framework Agreement The Framework Agreement must be approved by the Account Holder by any means. The latter acknowledges having carefully read, understood and accepted the Framework Agreement in its entirety.