Common use of PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT Clause in Contracts

PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT. 5.6.2.1. Upon making the Application for the Guaranteed Payment Banking Service between the Payer Client and the Bank, the Payer Client has the right to create Guaranteed Payments by means of the Client-Bank System within the Available Guarantee Payments Limit by filling in and signing the relevant Guaranteed Payment Applications in the Client- Bank System. The Payer Client has the right to create an unlimited number of Guaranteed Payments within the Available Guaranteed Payment Limit as of the time of creation of each Guaranteed Payment. 5.6.2.2. Each Guaranteed Payment Application is considered created only after signing such Guaranteed Payment Application by means of the Client-Bank System by authorized persons of the Payer Client affixing the Improved ES (as this term is defined in clause 5.2 of the Agreement). 5.6.2.3. The form and content of the Guaranteed Payment Application shall be determined by the Bank independently specifying the following obligatory details: - date and number of the Guaranteed Payment Application; - name and identification code of the Payer Client; - Special Account number; - name and identification code of the Beneficiary Client; - Beneficiary Account number (shall coincide with the Beneficiary Account number specified in the relevant Application for the Guaranteed Payment Banking Service/Application for modification of the Guaranteed Payment Banking Service); - the amount of the Guaranteed Payment (in figures); - payment purpose; - date of the Guaranteed Payment (value date); - electronic signatures (Improved ES (as this term is defined in clause 5.2. of the Agreement)) of authorized persons of the Payer Client. 5.6.2.4. Upon creation of the Guaranteed Payment Application, the parameters of the respective Guaranteed Payment (amount of Guaranteed Payment, Special Account number, Beneficiary Account number, Guaranteed Payment date (value date) and payment purpose) are displayed in the Client-Bank System and can be viewed both by the Payer Client and the Beneficiary Client. Upon receipt of the Guaranteed Payment Application from the Payer Client by the Bank, the Bank shall review it and may either approve such Guaranteed Payment Application or, in its sole discretion, not accept such Guaranteed Payment Application for execution. If the parameters of the respective Guaranteed Payment become available for viewing by the Beneficiary Client in the Client-Bank System, such Guaranteed Payment and its execution in accordance with the terms of the respective Guaranteed Payment Application are agreed by the Bank (the Bank does not require to send any notifications to the Payer Client and/or the Beneficiary Client that the Bank has approved the respective Guaranteed Payment). 5.6.2.5. By signing the Application for the Guaranteed Payment Banking Service, the Payer Client submits its written consent (permission) to the Bank to transfer any information concerning it and being banking secrecy to the Beneficiary Client specified in the Application for the Guaranteed Payment Banking Service. including, without limitation, the Bank’s provision to the relevant Beneficiary Client the access (for review) in the Client-Bank System to the Payer Client’s parameters of the Guaranteed Payments (amounts of Guaranteed Payments, Special Account number, dates of Guaranteed Payments (value dates), payment purpose etc.), information on approval or rejection by the Bank of Guaranteed Payment Applications, Available Guaranteed Payments Limit of the respective Payer Client, Guaranteed Payments Limit of the respective Payer Client, Overdraft Limit of the respective Payer Client, status of the Guaranteed payments, Overdraft debt of the Payer Client, etc. 5.6.3.

PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT. 5.6.2.1. Upon making the Application for the Guaranteed Payment Banking Service between the Payer Client and the Bank, the Payer Client has the right to create Guaranteed Payments by means of the Client-Bank System within the Available Guarantee Payments Limit by filling in and signing the relevant Guaranteed Payment Applications in the Client- Bank System. The Payer Client has the right to create an unlimited number of Guaranteed Payments within the Available Guaranteed Payment Limit as of the time of creation of each Guaranteed Payment. 5.6.2.2. Each Guaranteed Payment Application is considered created only after signing such Guaranteed Payment Application by means of the Client-Bank System by authorized persons of the Payer Client affixing the Improved ES (as this term is defined in clause 5.2 of the Agreement). 5.6.2.3. The form and content of the Guaranteed Payment Application shall be determined by the Bank independently specifying the following obligatory details: - date and number of the Guaranteed Payment Application; - name and identification code of the Payer Client; - Special Account number; - name and identification code of the Beneficiary Client; - Beneficiary Account number (shall coincide with the Beneficiary Account number specified in the relevant Application for the Guaranteed Payment Banking Service/Application for modification of the Guaranteed Payment Banking Service); - the amount of the Guaranteed Payment (in figures); - payment purpose; - date of the Guaranteed Payment (value date); - electronic signatures (Improved ES (as this term is defined in clause 5.2. of the Agreement)) of authorized persons of the Payer Client. 5.6.2.4. Upon creation of the Guaranteed Payment Application, the parameters of the respective Guaranteed Payment (amount of Guaranteed Payment, Special Account number, Beneficiary Account number, Guaranteed Payment date (value date) and payment purpose) are displayed in the Client-Bank System and can be viewed both by the Payer Client and the Beneficiary Client. Upon receipt of the Guaranteed Payment Application from the Payer Client by the Bank, the Bank shall review it and may either approve such Guaranteed Payment Application or, in its sole discretion, not accept such Guaranteed Payment Application for execution. If the parameters of the respective Guaranteed Payment become available for viewing by the Beneficiary Client in the Client-Bank System, such Guaranteed Payment and its execution in accordance with the terms of the respective Guaranteed Payment Application are agreed by the Bank (the Bank does not require to send any notifications to the Payer Client and/or the Beneficiary Client that the Bank has approved the respective Guaranteed Payment). 5.6.2.5. By signing the Application for the Guaranteed Payment Banking Service, the Payer Client submits its written consent (permission) to the Bank to transfer any information concerning it and being banking secrecy to the Beneficiary Client specified in the Application for the Guaranteed Payment Banking Service. including, without limitation, the Bank’s provision to the relevant Beneficiary Client the access (for review) in the Client-Bank System to the Payer Client’s parameters of the Guaranteed Payments (amounts of Guaranteed Payments, Special Account number, dates of Guaranteed Payments (value dates), payment purpose etc.), information on approval or rejection by the Bank of Guaranteed Payment Applications, Available Guaranteed Payments Limit of the respective Payer Client, Guaranteed Payments Limit of the respective Payer Client, Overdraft Limit of the respective Payer Client, status of the Guaranteed payments, Overdraft debt of the Payer Client, etc. 5.6.3.

PROCEDURE FOR CREATION OF A GUARANTEED PAYMENT. 5.6.2.1. Upon making the Application for the Guaranteed Payment Banking Service between the Payer Client and the Bank, the Payer Client has the right to create Guaranteed Payments by means of the Client-Bank System within the Available Guarantee Payments Limit by filling in and signing the relevant Guaranteed Payment Applications in the Client- Bank System. The Payer Client has the right to create an unlimited number of Guaranteed Payments within the Available Guaranteed Payment Limit as of the time of creation of each Guaranteed Payment. 5.6.2.2. Each Guaranteed Payment Application is considered created only after signing such Guaranteed Payment Application by means of the Client-Bank System by authorized persons of the Payer Client affixing the Improved ES (as this term is defined in clause 5.2 of the Agreement). 5.6.2.3. The form and content of the Guaranteed Payment Application shall be determined by the Bank independently specifying the following obligatory details: - date and number of the Guaranteed Payment Application; - name and identification code of the Payer Client; - Special Account number; - name and identification code of the Beneficiary Client; - Beneficiary Account number (shall coincide with the Beneficiary Account number specified in the relevant Application for the Guaranteed Payment Banking Service/Application for modification of the Guaranteed Payment Banking Service); - the amount of the Guaranteed Payment (in figures); - payment purpose; - date of the Guaranteed Payment (value date); - electronic signatures (Improved ES (as this term is defined in clause 5.2. of the Agreement)) of authorized persons of the Payer Client. 5.6.2.4. Upon creation of the Guaranteed Payment Application, the parameters of the respective Guaranteed Payment (amount of Guaranteed Payment, Special Account number, Beneficiary Account number, Guaranteed Payment date (value date) and payment purpose) are displayed in the Client-Bank System and can be viewed both by the Payer Client and the Beneficiary Client. Upon receipt of the Guaranteed Payment Application from the Payer Client by the Bank, the Bank shall review it and may either approve such Guaranteed Payment Application or, in its sole discretion, not accept such Guaranteed Payment Application for execution. If the parameters of the respective Guaranteed Payment become available for viewing by the Beneficiary Client in the Client-Bank System, such Guaranteed Payment and its execution in accordance with the terms of the respective Guaranteed Payment Application are agreed by the Bank (the Bank does not require to send any notifications to the Payer Client and/or the Beneficiary Client that the Bank has approved the respective Guaranteed Payment). 5.6.2.5. By signing the Application for the Guaranteed Payment Banking Service, the Payer Client submits its written consent (permission) to the Bank to transfer any information concerning it and being banking secrecy to the Beneficiary Client specified in the Application for the Guaranteed Payment Banking Service. including, without limitation, the Bank’s provision to the relevant Beneficiary Client the access (for review) in the Client-Bank System to the Payer Client’s parameters of the Guaranteed Payments (amounts of Guaranteed Payments, Special Account number, dates of Guaranteed Payments (value dates), payment purpose etc.), information on approval or rejection by the Bank of Guaranteed Payment Applications, Available Guaranteed Payments Limit of the respective Payer Client, Guaranteed Payments Limit of the respective Payer Client, Overdraft Limit of the respective Payer Client, status of the Guaranteed payments, Overdraft debt of the Payer Client, etc. 5.6.3.