Common use of Payment Transactions Clause in Contracts

Payment Transactions. 7.1. The Payment is shown on the Account in USD, after its receipt by the Company. a) The Payment is executed using exclusively the payment services provided in the Cabinet. b) A Payment in any other form (different from the ones stated above) may be executed by the Client only with the written permission of the Company. Otherwise the Company has the right to not receive such Payment or return the received money to the payer’s account (minus the cost of banking operations). 7.2. The Company has the right to demand a copy of the payment document from the Client, provided by the bank or the Payer’s payment service with a note of execution. The Company has the right not to show the funds of the corresponding payment on the Client’s Account before the Client has presented a copy of the document, and when the funds have not been credited to the Company’s bank account. 7.3. If the payment is made by bank transfer, the Client is obliged to specify the following payment purpose in the payment documents: "Payment under Client Agreement №01-2016". a) In the case of improper purpose of the payment by the Client, the Company has the right not to show the payment on the Account, and not to make any transactions with the payment before the Client has clarified the purpose of the payment. In this case, the Client is obliged to provide the Company with a written clarification of the purpose of the payment. In case of Client’s failure to fulfill this obligation before the end of the calendar month during which the corresponding payment was entered, the Company is entitled to return the payment to the account from which it was received. 7.4. The payment is made on the basis of the Application, form of which is available in the "Deposit" subsection of the “Banking" section of the Cabinet. The cancellation of the Application, submitted according to this paragraph, cannot be carried out after being sent. 7.4.1. Payments are credited to the account in the following terms: a) Payments transmitted to the Company’s bank account, are processed no later than one day after the day of the receiving; b) Payments transmitted to the Agent’s bank account, are processed no later than one day after the day of the funds being transferred to the Company’s business account by the Agent. 7.5. The Company accepts the payments in the currency in which the Company or the Agent has opened the account. Details of the Payment services concerning making deposits, are located in the Cabinet. 7.6. When making the payment in a currency other than the currency of the bank account or the account of the Company to which the payment is made by the Agent, the Client must take into account the exchange rate fluctuations and bank charges for the conversion operations. 7.7. When making a payment, all commissions of banks, Agents, payment agents, financial intermediaries, etc. associated with the payment shall be reimbursed by the Client; consequently, the Client must take into consideration the possibility of the payment being shown on his/her account excluding the correlating commission or transfer fees. 7.8. When making a payment under the Secured Investment Contract and/or Service Agreement, the payment is made by balancing the corresponding amount from payments recorded in the Account. 7.9. Prior to the write-off of funds from the Account in respect of investments or payments for services, the payment received by the Company is considered to be a secured advance payment on account of execution of the future obligations of the Company under the Agreement with providing investment and/or Service Agreement, and are the property of the Company. Interest or other form of reward for standing Payments on the current account of the Company or the Agent is not charged and paid.

Payment Transactions. 7.1. The Payment is shown on the Account in USD, after its receipt by the Company. a) The Payment is executed using exclusively the payment services provided in the Cabinet. b) A Payment in any other form (different from the ones stated above) may be executed by the Client only with the written permission of the Company. Otherwise the Company has the right to not receive such Payment or return the received money to the payer’s account (minus the cost of banking operations). 7.2. The Company has the right to demand a copy of the payment document from the Client, provided by the bank or the Payer’s payment service with a note of execution. The Company has the right not to show the funds of the corresponding payment on the Client’s Account before the Client has presented a copy of the document, and when the funds have not been credited to the Company’s bank account. 7.3. If the payment is made by bank transfer, the Client is obliged to specify the following payment purpose in the payment documents: "Payment under Client Agreement №01-2016". a) In the case of improper purpose of the payment by the Client, the Company has the right not to show the payment on the Account, and not to make any transactions with the payment before the Client has clarified the purpose of the payment. In this case, the Client is obliged to provide the Company with a written clarification of the purpose of the payment. In case of Client’s failure to fulfill this obligation before the end of the calendar month during which the corresponding payment was entered, the Company is entitled to return the payment to the account from which it was received. 7.4. The payment is made on the basis of the Application, form of which is available in the "Deposit" subsection of the “Banking" section of the Cabinet. The cancellation of the Application, submitted according to this paragraph, cannot be carried out after being sent. 7.4.1. Payments are credited to the account in the following terms: a) Payments transmitted to the Company’s bank account, are processed no later than one day after the day of the receiving; b) Payments transmitted to the Agent’s bank account, are processed no later than one day after the day of the funds being transferred to the Company’s business account by the Agent. 7.5. The Company accepts the payments in the currency in which the Company or the Agent has opened the account. Details of the Payment services concerning making deposits, are located in the Cabinet. 7.6. When making the payment in a currency other than the currency of the bank account or the account of the Company to which the payment is made by the Agent, the Client must take into account the exchange rate fluctuations and bank charges for the conversion operations. 7.7. When making a payment, all commissions of banks, Agents, payment agents, financial intermediaries, etc. associated with the payment shall be reimbursed by the Client; consequently, the Client must take into consideration the possibility of the payment being shown on his/her account excluding the correlating commission or transfer fees. 7.8. When making a payment under the Secured Investment Contract and/or Service Agreement, the payment is made by balancing the corresponding amount from payments recorded in the Account. 7.9. Prior to the write-off of funds from the Account in respect of investments or payments for services, the payment received by the Company is considered to be a secured advance payment on account of execution of the future obligations of the Company under the Agreement with providing investment and/or Service Agreement, and are the property of the Company. Interest or other form of reward for standing Payments on the current account of the Company or the Agent is not charged and paid.