Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ engaging in illegal activity; ▪ money laundering or financing of terrorism, or suspicion thereto; ▪ threats to agents of Finductive; ▪ defaulted payment; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) 5.2 above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder Parties is understood to mean, but not limited to: ▪  communication of false information; ▪  engaging in illegal activity; ▪  money laundering or financing of terrorism, or suspicion thereto; ▪  threats to agents of Finductive; ▪  defaulted payment; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ information • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account Xxxxxx’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ • engaging in illegal activity; ▪ • money laundering or financing of terrorism, or suspicion thereto; ▪ • threats to agents of Finductive; ▪ • defaulted payment; ▪ • failure to comply with an obligation of this Contract; ▪ • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ • failure to comply with an obligation of this Contract; ▪ • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) 5.2 above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder Parties is understood to mean, but not limited to: ▪  communication of false information; ▪  engaging in illegal activity; ▪  money laundering or financing of terrorism, or suspicion thereto; ▪  threats to agents of Finductive; ▪  defaulted payment; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪  failure to comply with an obligation of this Contract; ▪  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪  communication of false information; ▪ information  engaging in illegal activity; ▪ activity  money laundering or financing of terrorism, or suspicion thereto; ▪ thereto  threats to agents of Finductive; ▪ Finductive  defaulted payment; ▪ payment  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean:  communication of false information  failure to comply with an obligation of this Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account Xxxxxx’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ • communication of false information; ▪ information • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪  communication of false information; ▪ information  engaging in illegal activity; ▪ activity  money laundering or financing of terrorism, or suspicion thereto; ▪ thereto  threats to agents of Finductive; ▪ Finductive  defaulted payment; ▪ payment  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪  communication of false information; ▪ information  failure to comply with an obligation of this Contract; ▪ Contract  the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. iv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. ; In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ information engaging in illegal activity; ▪ activity money laundering or financing of terrorism, or suspicion thereto; ▪ thereto threats to agents of Finductive; ▪ Finductive defaulted payment; ▪ payment failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. proceedings Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ information failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiproceedings Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is inactive for a period of six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. . Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. ivv. Finductive shall also have the right to terminate this Contract with immediate effect where the Account Xxxxxx’s change of circumstances results in Finductive’s inability to process any Payment Transactions. vi. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vii. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. viviii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. ix. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This 16.1 Contractor may terminate this Contract can be terminated by in whole or in part at any time, and for any reason, and remove SUBCONTRACTOR from its list of approved subcontractors. 16.2 If, at the Account Holder time CONTRACTOR terminates this CONTRACT, SUBCONTRACTOR is performing Work, then CONTRACTOR may finish the Work in accordance any manner suitable to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; iiCONTRACTOR. In such event, a mutually satisfactory settlement shall be made, but if the event of gross negligence by one parties fail to agree on the amount of the Partiessettlement, this SUBCONTRACTOR shall only be entitled to recover reasonable expense incurred in connection with the performance of the CONTRACT up to the time of termination plus reasonable profit on such expenses, provided the amount recoverable plus the cost to complete the work shall in no event exceed the total Contract may price. SUBCONTRACTOR shall not be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood entitled to meanrecover anticipated profit, but not limited to: ▪ communication of false information; ▪ engaging in illegal activity; ▪ money laundering lost opportunity costs, unabsorbed or financing of terrorismunder-absorbed overhead, or suspicion thereto; ▪ threats to agents special, incidental, punitive, or consequential damages of Finductive; ▪ defaulted payment; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedingsany kind. iii. In 16.3 If SUBCONTRACTOR should be adjudged a bankrupt or should make a general assignment for the event benefit of its creditors, or if a modification receiver should be appointed on account of its insolvency, or should SUBCONTRACTOR fail to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited make prompt payment to the Account Holder following written instructions by the Account Holder’s legal representativeslower tier subcontractors or suppliers, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach or disregard laws, ordinances, or other governmental regulations or violate any provision of the Contract, CONTRACTOR may, on giving five (5) working days written notice, terminate SUBCONTRACTOR’S service, take possession of the premises and all things thereon and finish the Work in any manner suitable to CONTRACTOR. SUBCONTRACTOR shall not be paid further until the Work is finished. If the cost to finish the Work, plus any damages, fines, attorney’s fees, or expenses arising from SUBCONTRACTOR’S default or termination, exceed the unpaid balance of the Contract price, SUBCONTRACTOR and its surety shall promptly pay CONTRACTOR the difference. 16.4 Should it ultimately be determined that CONTACTOR did not have cause to for termination under the preceding Section 16.3, the termination shall be treated as one for the convenience of CONTRACTOR and SUBCONTRACTOR’S recovery of any costs, fees, or damages resulting from the termination shall be expressly and strictly limited by the provisions of Section 16.2.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ • communication of false information; ▪ information • engaging in illegal activity; ▪ activity • money laundering or financing of terrorism, or suspicion thereto; ▪ thereto • threats to agents of Finductive; ▪ Finductive • defaulted payment; ▪ payment • failure to comply with an obligation of this Contract; ▪ Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: • communication of false information • failure to comply with an obligation of this Contract • the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings iii. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iiiiv. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. v. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. vi. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. vivii. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. viii. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.

Termination of this Contract. i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. ; In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ information engaging in illegal activity; ▪ activity money laundering or financing of terrorism, or suspicion thereto; ▪ thereto threats to agents of Finductive; ▪ Finductive defaulted payment; ▪ payment failure to comply with an obligation of this Contract; ▪ Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings Gross negligence by Finductive is understood to mean: communication of false information failure to comply with an obligation of this Contract the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive shall also, have the right to terminate this Contract with immediate effect where the Payment Account is understood to mean: ▪ communication inactive for a period of false information; ▪ failure to comply with an obligation six (6) months or more, or where the account does not contain funds for a continuous period of three (3) months at any point in time, throughout the duration of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder Xxxxxx is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. . Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. In the absence of such written instructions, these funds will be subject to a monthly deduction equivalent to the dormant account fees and NI fees set out in the Pricing Schedule for Payment Accounts. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract. After the Payment Account is closed, Finductive will issue an updated Account Statement for the last thirteen (13) months, which will be sent to the Account Holder via email.