Common use of RIGHT OF RENUNCIATION Clause in Contracts

RIGHT OF RENUNCIATION. Card Holder has the right to renounce from the Credit Card Agreement without stating any reason and paying penalty within 14 (fourteen) days from the date when the Agreement was established. Notification related to the use of right of renunciation should have been submitted to the Bank in written(Akbank Branches) or through permanent data register (000 00 00 Akbank Call Center, Communication Form found in the website xxx.xxxxxx.xxx, Communication Form in the section “contact us” on the Akbank Direct Internet) within the time of use of the right of renunciation. Since the agreement will terminate, in case that the renunciation right is used, the following fees of the credit card and additional card and the virtual card arising since the date when the repayment is done at latest within 30 days from the submission date of the renunciation right to the Bank; • Debt in the account statement, • Expenses during the term, • Capital of the cash transactions and the transactions with cash nature and the contractual interest, RUSF and BITT charge to credit during the term from the date when the credit was used until the date when the capital was paid, • Contractual interest amount, RUSF and BITT applied to the unpaid part of the debt in the account statement if the whole of the account statement debt has not been paid, • RUSF, BITT and the part of the bonus given in advance or available product or service fee which cannot be covered by the commitment if a certain product or service were utilized against commitments like expense and order and the related commitment was not fulfilled, • Non-continuous money transfers, fees received within the scope of approval given from instant transactions and services like collection of invoice and fees, campaigns/programs/special services, RUSF and BITT. Should be paid to the credit card at once according to the current debt information received from the Bank. If the Card Holder does not make the payment within the stated period or states that he/she gave up using the renunciation right, the Card Holder is considered as he/she did not renounce from the credit card agreement and all kinds of obligations of the Card Holder within the scope of the Individual Banking Services/Credit Cards Agreement continue. Card Holder should contact the Bank before the transaction in order for the calculation of the whole amount of the credit card repayment stated hereinabove according to the payment date. Public obligations and fees paid by the Bank to third parties or to a public institution or establishment for the credit are not returned to the Card Holder. In case of renunciation, Card Holder can continue to pay the awaiting installments of the installment transactions made with card on the due dates. If there are other services based on the credit card agreement, the agreement associated with this service will also terminate when the Card Holder renounce from the agreement. VALIDITY TIME OF FEES AND NOTICES OF CHANGE OF FEES: Since the fee increases mean change in the agreement, they will be notified to you with account statement as per law 5464. These changes will become effective as of the last payment date relating to the period of notification. If you continue to use the card after the last payment date of the term which the notification belongs to, it is considered that you accept the changes occurred in the Agreement. For increases of fee within a calendar year at a rate below 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year, you will be notified with the account statement at least 30 (thirty) days before the date when the fee increase will become effective. Within 15 days following receipt of this notice, you have the right to to cease using the subject product or service. If this right is used, no additional fee will be charged on you with effect from the effective date of the increase of fee. If you do not use your renunciation right until the end of this period, the fee increase will be applied. In case that you use your renunciation right, our Bank has the right to stop the product or service related to the dispute. A separate prior consent of you will be asked in fee increases within a calendar year at a rate equal to or above 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year. PAYMENTS NOT DONE - RULES RELATED TO DEFAULT According to the regulations of the Law 5464, the minimum payment amounts of the credit cards cannot be less than 30% (thirty percent) of the term debt for credit cards with a limit up to 15.000 Turkish Lira, 35% (thirty-five percent) of the term debt for credit cards with a limit between 15,000 and 20,000 Turkish Lira, 40% (forty percent) of the term debt for credit cards with a limit higher than 20,000 Turkish Lira and 40% (forty percent) of the term debt for new credit cards from the start of the use until one year is completed In the case that you do not pay the minimum payment amount for two terms in a row, the Bank matures all debts with a warning. In this case, the Customer is considered as overdue and legal actions are started against you. All due and payable debts are involved in the follow up amount, default interest is applied from the due date until the debt is completely paid. In case of a default, you are obliged to pay the whole debt and interests arising until the whole amount of the debt is paid and taxes that will be calculated over this interest as per Regulation and other public obligations. All types of costs, legal proceedings costs and other costs (court fees, lawyer costs, fees,levies, taxes, notary fees etc.) which will arise from warnings and notifications that will be sent by the Bank due to late payments are separately received from the Card Holder.

RIGHT OF RENUNCIATION. Card Holder has the right to renounce from the Credit Card Agreement without stating any reason and paying penalty within 14 (fourteen) days from the date when the Agreement was established. Notification related to the use of right of renunciation should have been submitted to the Bank in written(Akbank Branches) or through permanent data register (000 00 00 Akbank Call Center, Communication Form found in the website xxx.xxxxxx.xxx, Communication Form in the section “contact us” on the Akbank Direct Internet) within the time of use of the right of renunciation. Since the agreement will terminate, in case that the renunciation right is used, the following fees of the credit card and additional card and the virtual card arising since the date when the repayment is done at latest within 30 days from the submission date of the renunciation right to the Bank; • Debt in the account statement, • Expenses during the term, • Capital of the cash transactions and the transactions with cash nature and the contractual interest, RUSF and BITT charge to credit during the term from the date when the credit was used until the date when the capital was paid, • Contractual interest amount, RUSF and BITT applied to the unpaid part of the debt in the account statement if the whole of the account statement debt has not been paid, • RUSF, BITT and the part of the bonus given in advance or available product or service fee which cannot be covered by the commitment if a certain product or service were utilized against commitments like expense and order and the related commitment was not fulfilled, • Non-continuous money transfers, fees received within the scope of approval given from instant transactions and services like collection of invoice and fees, campaigns/programs/special services, RUSF and BITT. Should be paid to the credit card at once according to the current debt information received from the Bank. If the Card Holder does not make the payment within the stated period or states that he/she gave up using the renunciation right, the Card Holder is considered as he/she did not renounce from the credit card agreement and all kinds of obligations of the Card Holder within the scope of the Individual Banking Services/Credit Cards Agreement continue. Card Holder should contact the Bank before the transaction in order for the calculation of the whole amount of the credit card repayment stated hereinabove according to the payment date. Public obligations and fees paid by the Bank to third parties or to a public institution or establishment for the credit are not returned to the Card Holder. In case of renunciation, Card Holder can continue to pay the awaiting installments of the installment transactions made with card on the due dates. If there are other services based on the credit card agreement, the agreement associated with this service will also terminate when the Card Holder renounce from the agreement. VALIDITY TIME OF FEES AND NOTICES OF CHANGE OF FEES: Since the fee increases mean change in the agreement, they will be notified to you with account statement as per law 5464. These changes will become effective as of the last payment date relating to the period of notification. If you continue to use the card after the last payment date of the term which the notification belongs to, it is considered that you accept the changes occurred in the Agreement. For increases of fee within a calendar year at a rate below 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year, you will be notified with the account statement at least 30 (thirty) days before the date when the fee increase will become effective. Within 15 days following receipt of this notice, you have the right to to cease using the subject product or service. If this right is used, no additional fee will be charged on you with effect from the effective date of the increase of fee. If you do not use your renunciation right until the end of this period, the fee increase will be applied. In case that you use your renunciation right, our Bank has the right to stop the product or service related to the dispute. A separate prior consent of you will be asked in fee increases within a calendar year at a rate equal to or above 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year. PAYMENTS NOT DONE - RULES RELATED TO DEFAULT DELAY According to the regulations of the Law 5464, the minimum payment amounts of the credit cards cannot be less than 30% (thirty percent) of the term debt for credit cards with a limit up to 15.000 Turkish Lira, 35% (thirty-five percent) of the term debt for credit cards with a limit between 15,000 and 20,000 Turkish Lira, 40% (forty percent) of the term debt for credit cards with a limit higher than 20,000 Turkish Lira and 40% (forty percent) of the term debt for new credit cards from the start of the use until one year is completed In the case that you do not pay the minimum payment amount for two terms in a row, the Bank matures all debts with a warning. In this case, the Customer is considered as overdue and legal actions are started against you. All due and payable debts are involved in the follow up amount, default delay interest is applied from the due date until the debt is completely paid. In case of a defaultdelay, you are obliged to pay the whole debt and interests arising until the whole amount of the debt is paid and taxes that will be calculated over this interest as per Regulation and other public obligations. All types of costs, legal proceedings costs and other costs (court fees, lawyer costs, fees,levies, taxes, notary fees etc.) which will arise from warnings and notifications that will be sent by the Bank due to late payments are separately received from the Card Holder.

RIGHT OF RENUNCIATION. Card Holder has the right to renounce from the Credit Card Agreement without stating any reason and paying penalty within 14 (fourteen) days from the date when the Agreement was established. Notification related to the use of right of renunciation should have been submitted to the Bank in written(Akbank Branches) or through permanent data register (000 00 00 Akbank Call Center, Communication Form found in the website xxx.xxxxxx.xxx, Communication Form form in the section “contact Contact us” on the Akbank Direct Internet) within the time of use of the right of renunciation. Since the agreement will terminate, in case that the renunciation right is used, the following fees of the credit card and additional card and the virtual card arising since the date when the repayment is done at latest within 30 days from the submission date of the renunciation right to the Bank; • Debt in the account statement, • Expenses during the term, • Capital of the cash transactions and the transactions with cash nature and the contractual interest, RUSF and BITT charge to credit during the term from the date when the credit was used until the date when the capital was paid, • Contractual interest amount, RUSF and BITT applied to the unpaid part of the debt in the account statement if the whole of the account statement debt has not been paid, • RUSF, BITT and the part of the bonus given in advance or available product or service fee which cannot be covered by the commitment if a certain product or service were utilized against commitments like expense and order and the related commitment was not fulfilled, • Non-continuous money transfers, fees received within the scope of approval given from instant transactions and services like collection of invoice and fees, campaigns/programs/special services, RUSF and BITT. Should be paid to the credit card at once according to the current debt information received from the Bank. If the Card Holder does not make the payment within the stated period or states that he/she gave up using the renunciation right, the Card Holder is considered as he/she did not renounce from the credit card agreement and all kinds of obligations of the Card Holder within the scope of the Individual Banking Services/Services/ Credit Cards Agreement continue. Card Holder should contact the Bank before the transaction in order for the calculation of the whole amount of the credit card repayment stated hereinabove according to the payment date. Public obligations and fees paid by the Bank to third parties or to a public institution or establishment for the credit are not returned to the Card Holder. In case of renunciation, Card Holder can continue to pay the awaiting installments of the installment transactions made with card on the due dates. If there are other services based on the credit card agreement, the agreement associated with this service will also terminate when the Card Holder renounce from the agreement. VALIDITY TIME OF FEES AND NOTICES OF CHANGE OF FEES: Since the fee increases mean change in the agreement, they will be notified to you with account statement as per law Law 5464. These changes will become effective as of the last payment date relating to the period of notification. If you continue to use the card after the last payment date of the term which the notification belongs to, it is considered that you accept the changes occurred in the Agreement. For increases of fee within a calendar year at a rate below 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year, year ,you will be notified with the account statement at least 30 (thirty) days before the date when the fee increase will become effective. Within 15 days following receipt of this noticenotice , you have the right to to cease using the subject product or service. If this right is used, no additional fee will be charged on you with effect from the effective date of the increase of fee. If you do not use your renunciation right until the end of this period, the fee increase will be applied. In case that you use your renunciation right, our Bank has the right to stop the product or service related to the dispute. A separate prior consent of you will be asked in fee increases within a calendar year at a rate equal to or above 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year. PAYMENTS NOT DONE - RULES RELATED TO DEFAULT According to the regulations of the Law 5464, the minimum payment amounts of the credit cards cannot be less than 30% (thirty percent) of the term debt for credit cards with a limit up to 15.000 Turkish Lira, 35% (thirty-five percent) of the term debt for credit cards with a limit between 15,000 15.000 and 20,000 20.000 Turkish Lira, 40% (forty percent) of the term debt for credit cards with a limit higher than 20,000 20.000 Turkish Lira and 40% (forty percent) of the term debt for new credit cards from the start of the use until one year is completed In the case that you do not pay the minimum payment amount for two terms in a row, the Bank matures all debts with a warning. In this case, the Customer is considered as overdue and legal actions are started against you. All due and payable debts are involved in the follow up amount, default interest is applied from the due date until the debt is completely paid. In case of a default, you are obliged to pay the whole debt and interests arising until the whole amount of the debt is paid and taxes that will be calculated over this interest as per Regulation and other public obligations. All types of costs, legal proceedings costs and other costs (court fees, lawyer costs, fees,levies, taxes, notary fees etc.) which will arise from warnings and notifications that will be sent by the Bank due to late payments are separately received from the Card Holder.

RIGHT OF RENUNCIATION. Card Holder has the right to renounce from the Credit Card Agreement without stating any reason and paying penalty within 14 (fourteen) days from the date when the Agreement was established. Notification related to the use of right of renunciation should have been submitted to the Bank in written(Akbank Branches) or through permanent data register (000 00 00 Akbank Call Center, Communication Form found in the website xxx.xxxxxx.xxx, Communication Form in the section “contact us” on the Akbank Direct Internet) within the time of use of the right of renunciation. Since the agreement will terminate, in case that the renunciation right is used, the following fees of the credit card and additional card and the virtual card arising since the date when the repayment is done at latest within 30 days from the submission date of the renunciation right to the Bank; • Debt in the account statement, • Expenses during the term, • Capital of the cash transactions and the transactions with cash nature and the contractual interest, RUSF and BITT charge to credit during the term from the date when the credit was used until the date when the capital was paid, • Contractual interest amount, RUSF and BITT applied to the unpaid part of the debt in the account statement if the whole of the account statement debt has not been paid, • RUSF, BITT and the part of the bonus given in advance or available product or service fee which cannot be covered by the commitment if a certain product or service were utilized against commitments like expense and order and the related commitment was not fulfilled, • Non-continuous money transfers, fees received within the scope of approval given from instant transactions and services like collection of invoice and fees, campaigns/programs/special services, RUSF and BITT. Should be paid to the credit card at once according to the current debt information received from the Bank. If the Card Holder does not make the payment within the stated period or states that he/she gave up using the renunciation right, the Card Holder is considered as he/she did not renounce from the credit card agreement and all kinds of obligations of the Card Holder within the scope of the Individual Banking Services/Credit Cards Agreement continue. Card Holder should contact the Bank before the transaction in order for the calculation of the whole amount of the credit card repayment stated hereinabove according to the payment date. Public obligations and fees paid by the Bank to third parties or to a public institution or establishment for the credit are not returned to the Card Holder. In case of renunciation, Card Holder can continue to pay the awaiting installments of the installment transactions made with card on the due dates. If there are other services based on the credit card agreement, the agreement associated with this service will also terminate when the Card Holder renounce from the agreement. VALIDITY TIME OF FEES AND NOTICES OF CHANGE OF FEES: Since the fee increases mean change in the agreement, they will be notified to you with account statement as per law 5464. These changes will become effective as of the last payment date relating to the period of notification. If you continue to use the card after the last payment date of the term which the notification belongs to, it is considered that you accept the changes occurred in the Agreement. For increases of fee within a calendar year at a rate below 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year, you will be notified with the account statement at least 30 (thirty) days before the date when the fee increase will become effective. Within 15 days following receipt of this notice, you have the right to to cease using the subject product or service. If this right is used, no additional fee will be charged on you with effect from the effective date of the increase of fee. If you do not use your renunciation right until the end of this period, the fee increase will be applied. In case that you use your renunciation right, our Bank has the right to stop the product or service related to the dispute. A separate prior consent of you will be asked in fee increases within a calendar year at a rate equal to or above 1.2 times the annual consumer prices index increase rate published by the Turkish Statistics Institute as of the end of the previous year. PAYMENTS NOT DONE - RULES RELATED TO DEFAULT DELAY: According to the regulations of the Law 5464, the minimum payment amounts of the credit cards cannot be less than 30% (thirty percent) of the term debt for credit cards with a limit up to 15.000 Turkish Lira, 35% (thirty-five percent) of the term debt for credit cards with a limit between 15,000 and 20,000 Turkish Lira, 40% (forty percent) of the term debt for credit cards with a limit higher than 20,000 Turkish Lira and 40% (forty percent) of the term debt for new credit cards from the start of the use until one year is completed In the case that you do not pay the minimum payment amount for two terms in a row, the Bank matures all debts with a warning. In this case, the Customer is considered as overdue and legal actions are started against you. All due and payable debts are involved in the follow up amount, default delay interest is applied from the due date until the debt is completely paid. In case of a defaultdelay, you are obliged to pay the whole debt and interests arising until the whole amount of the debt is paid and taxes that will be calculated over this interest as per Regulation and other public obligations. All types of costs, legal proceedings costs and other costs (court fees, lawyer costs, fees,levies, taxes, notary fees etc.) which will arise from warnings and notifications that will be sent by the Bank due to late payments are separately received from the Card Holder.