customer form - corporate customers...i hereby authorize bcn to take all such measures as it may...

_____________________________________________________________________________________________________________________________________________________BANCO CABOVERDIANO DE NEGÓCIOS, S.A. - Sede Social: Cidade da Praia, Avenida Amílcar Cabral, 97 - Santiago. Cabo Verde. Capital Social: 900.000.000 ECV C.P. 593 NIF 200216589,

Matrícula Nº 533/971119 do Registo Comercial Da Praia. www.bcncv.comFORMBCN_6_2011

CUSTOMER FORM - CORPORATE CUSTOMERS

INTERNAL INFORMATION (to be filled in by the Bank’s employees) Set-Up Amendment (fill only the data to be updated)

Internal Number / Entity.. Branch Code Branch Name _______________________________

Account Number

CORPORATE CUSTOMER’S DETAILS

Company Name ___________________________________________________________ Taxpayer number (NIF):

Tax Office __________________________________________________________________________________________________________

Status Resident Non resident Public Sector Financial Inst. Country Financial Inst. Foreigner

Corporate Object / Type of economic activity ____________________________________________________ Code CAE ___________________

Adress of registered office _________________________________________________________________ PO Box _____________________

Place ______________________________________ Island _________________________ Country ____________________

Fixed Line Fax MobileContacts

Email _______________________________________________ Site Internet ____________________________________

Mailing address (if different from registered office) ______________________________________________ PO Box ___________________

Place _____________________________________ Island ____________________________ Country ____________________

Activity/Business area - Products, traded goods and/or services

____________________________________ ____________________________________ _________________________________

____________________________________ ____________________________________ _________________________________

Country or countries where develops its activity

____________________________________ ____________________________________ _________________________________

____________________________________ ____________________________________ _________________________________

Company listed in the stock exchange No Yes

If Yes, indicate: Country ____________________________________ Stock exchange __________________________________________

The company is owned directly or indirectly, by more than 50% by listed entity? No Yes

More than 50% of the income does not arise from its activity? No Yes Entity insolvent or in sale? No Yes

Share ________________________ Turnover ______________________ Turnover reference year ___________________

Net income ________________________________ Total assets _____________________ Total liabilities ______________

Turnover (n-1) ______________________________ CVE (n-2) _________________________________ CVE

Currency of financial information _______________________________ Reference year of financial information ________________________

Expiration date: Statement of no debt to Social Security ______________________________________________________________________

Statement of no debt to Tax Administration____________________________________________________________________

LEGAL FORM FOR CORPORATE CUSTOMER Joint stock company Foundation Limited Society Limited Cooperative Public-limited company (S.A.) Association Federation of Cooperatives Foreign Association Public Sector Company Union of Cooperatives Cooperative with Limited Responsability. Foreign Foundation Company in Collective Name Foreign Commercial Company Uni-personal company with shares Real Estate Condominium Other___________________________________________________________________

MEMORANDUM AND ARTICLES OF ASSOCIATION Nº in Company Registry _____________________________________________ Public Notary ______________________________________

Data of constitution (DD/MM/YYYY) Published in B.O. __________________________________________

Shareholder capital ________________________________________________ Shareholder capital (effective) _________________________ / /

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HOLDERS OF CAPITAL AND VOTING RIGHTS OF THE LEGAL ENTITY EQUAL OR EXCEEDING 25%

Name / Company Name nº1 ____________________________________________________________________________________________

Taxpayer Number ID Number

Expiration date (DD/MM/YYYY) Issuer ____________________ Issuer country __________________

Type of relationship with the Legal Entity Partner Managing partner Shareholder % of shareholding ____________

Mailing address _________________________________________________________ PO Box ___________________________________

Nationality ________________________________ Another nationality: No Yes If Yes, which one: _____________

Place ____________________________________ Island ________________________________ Country ____________________


Email _______________________________________________ Site Internet _____________________________________

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Full name ___________________________________________________________________________________________________________

Function/Position __________________________________________________ Employer name _____________________________________

Home Fixed Line MobileContacts

Job Fixed Line Job Fax

Personal Email _______________________________________ Job Email ________________________________________________

Mailing address __________________________________________ PO Box __________________________________________________

Place _______________________________________ Island _____________________________ Country _____________________

Full name ___________________________________________________________________________________ Sex M F

ID Doc Type National ID Foreign ID Passport Other

ID Number Issuer Entity __________________________ Place of issue ______________________

Issue date (DD/MM/YYYY) Expiry date (DD/MM/YYYY)

Taxpayer Number (NIF) Date of birth (DD/MM/YYYY)

Nationality _________________________________________________ Place of birth_______________________________________

Other nationality No Yes If Yes, which one: _________________________________________________________

Iliterate Basic grade Secondary grade Technical degree Bachelor degree Education University enrollment University degree Post grad Master PHD

Marital status Single Married Marital life Separated Divorced Widow

Marital regime Community of property Out of Community of Property with Accruals Out of Community of Property

Home Fixed Line MobileContacts Job Fixed Line Job Fax Personal Email _______________________________________ Job Email ________________________________________________



Profession/Title ____________________________________________ Employer _________________________________________________

Admission date (DD/MM/YYYY)

CONTACT PERSON WITH THE CORPORATE CUSTOMER

DETAILS OF CORPORATE REPRESENTATIVES (BOARD MEMBERS / MANAGERS)

/ /

/ /

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Full name ___________________________________________________________________________________ Sex M F










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Home Fixed Line MobileContacts Job Fixed Line Job Fax Personal Email _______________________________________ Job Email _______________________________________________

Mailing address __________________________________________ PO Box _________________________________________________

Place _______________________________________ Island _____________________________ Country ____________________

Profession/Title ____________________________________________ Employer ________________________________________________

Admission date (DD/MM/YYYY) / /

Full name ___________________________________________________________________________________ Sex M F















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Full name ___________________________________________________________________________________ Sex M F















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IDENTIFICATION OF OTHER LEGAL ENTITIES BELONGING TO THE SAME ECONOMIC GROUP

Company name: _________________________________________________________ Taxpayer Number (NIF):

Corporate object / Type of economic activity __________________________________________________________ Code CAE ______________

Address of Registered Office _____________________________________________________________ PO Box _________________________

Place ____________________________________ Island ____________________________ Country ____________________________

Fixed Line Fax MobileContacts Email _______________________________________ Site Internet ________________________________________

Company is a shareholder of the Customer Legal Entity No Yes % of Shareholding ____________________

Customer Legal Entity is a shareholder of the Company No Yes % of Shareholding ____________________








Full name ___________________________________________________________________________________ Sex M F















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FATCA (Foreign Account Tax Compliance Act)

Are you US Person? No Yes

Have you tax obligations in the US? No Yes

If YES, indicate the TIN - Taxpayer Identification Number: ____________________________________

Have you tax obligations in other countries? No Yes

If YES, indicate: COUNTRY 1 _________________________________ Tax ID Number _____________________________

COUNTRY 2 _________________________________ Tax ID Number _____________________________

The Company has efective beneficiaries with more than 25% share? No Yes

Any of the efective beneficiary with more than 25% share is an US Person? No Yes

Was given any FATCA status documentation? No Yes

If Yes, indicate which one:

Document type 1 ________________________________ Issued (Country 1) _________________________________________

Validity (DD/MM/AAAA)

Document type 2 ________________________________ Issued (Country 2) _________________________________________

Validity (DD/MM/AAAA)

FATCA Status 1st Level: _____________________________________________

FATCA Status 2nd Level: _____________________________________________















(1) The Effective Beneficiary is the individual who ultimately holds or controls a Customer and/or person on whose behalf the transaction is conducted. It refers also to the person who efectively exercises control on a legal person or negotiation.

(1)

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DECLARATION

I hereby declare that I am aware, I was clarified, I accepted and it was delivered to me a set of documents signed in the act by the Bank – “General Conditions – Corporate Customers” that include the contractual provisions which govern the performance of financial brokering services. I hereby authorize BCN to take all such measures as it may deem necessary to establish the veracity of the date supplied and consult the liabilities in my name with the Central Bank of Cape Verde Credit Information Centre or in other jurisdictions or in other relevant databases. Should BCN discover any discrepancies or inaccuracies in these data, it shall be entitled to terminate the obligations arising from the transaction / liabilities I may come to contract / have contracted with BCN. I further give my authorization for the computer processing of the data I provided, so that these may be include in the BCN database. I reserve the right to access to the information produced by BCN concerning me personally and requesting that it be the object of correction amendment and deletion.

I do not authorize the Bank to send unsolicited communications for the purposes of direct marketing, in particular through the use of automated call and communication systems not dependent on human intervention (automatic calling machines), fax machines or electronic mail, including SMS (Short Message Service), EMS (Enhanced Messaging Service), MMS (Multimedia Messaging Service), and similar types of applications. (Mark with an X if you do not want to authorize) Under the legislation, including the Notice No. 02/2011 of the BCV, the Information related to Name, ID Document Number, Nationality, Place of Birth and Parents were checked by the display of the respective ID Document; the Information related to Fiscal ID was checked by the display of the respective fiscal document and the information related to the Corporate Customer constitution was checked by the display of the Registry of Incorporation.

Opening a current account is the beginning of a lasting business relationship between the Customer and the Bank, which requires complete and permanently updated knowledge of all the information concerning the Customer’s identity as well as of those entities that represent him or provide instructions related to the execution of account transactions. Therefore, Customers as well as Representatives and other entities related to the Account must be engaged in updating and providing evidence their identification documents.

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GENERAL CONDITIONS CONCERNING THE CURRENT ACCOUNT CONTRACTFOR CORPORATE CUSTOMERS

Elements related to Bank Identification, Banking Activity and Supervision 1. BCN - Banco Caboverdiano de Negócios, SA, (hereinafter referred to as "the Bank"), having its registered office at Avenida Amílcar Cabral, 97,

CP 593, Praia City, Santiago Island, Cape Verde, Telephone number Free Line 800 11 20 or +238 260 49 20, registered with the Tax

Identification Number (NIF): 200216589, enrolled in the Commercial Registry of Praia under no. 533/971119, with the share capital fully

subscribed of 900.000.000$00 (nine hundred million Escudos de Cabo Verde), is authorized to provide the financial services referred to in this

document by the Bank of Cape Verde, as can be seen by consulting the respective website:

Http://www.bcv.cv/vPT/Supervisao/Enderecos%20dos%20Bancos/Paginas/EnderecosFAQs.aspx

2. The headquarters of the aforementioned supervisory authority, and where it can be contacted, is located on Avenida Amílcar Cabral, 27, CP

7600-101, Praia City, island of Santiago, Cape Verde, which can be reached through the Telephone number +238 260 70 00.

GENERAL CONDITIONS – CORPORATE CUSTOMERS

I. GENERAL

Object

I.1. In every matter not covered by the particular conditions agreed between the parties, these General Conditions govern the relationship established between BANCO CABOVERDIANO DE NEGOCIOS, S.A. hereinafter the “Bank” or “BCN” and the Customer identified as such in the Signature Card arising from this current account opening under the terms set out hereunder. The opening, closing and transactions related to this Account, hereinafter referred to generically as Account is governed by these General Conditions, Special Conditions agreed by the Customer, by legislation and by the general banking practice. The opening of the account includes: (i) the presentation by the Account Holder and Representatives of all documents required by law, and for the latter it is required a competent proof of his powers, and (ii) delivery of a initial value not less the minimum amount stipulated by the Bank. The Bank has the right to request the originals or certified copies of ID documents of account holders, where the documentary evidence presented for the purpose of establishing or maintaining the deposit account raise doubts as to its content, suitability, timeliness, accuracy or sufficiency. These Terms and Conditions were negotiated and written in Portuguese. Any inconsistency between the Terms and Conditions as expressed in Portuguese and any other language shall, to the full extent permitted by applicable law, be resolved by reference to the Portuguese version. The Bank is obliged to communicate to the BCV, for the purpose of centralization and disclosure of information, on behalf of the direct

beneficiary of the credit, the balances of liabilities arising from active credit operations granted related to the last day of each month, as well as the guarantees provided on behalf of the potential debtor. On the operations referred to in this paragraph also include amounts not used related to any type of irrevocable credit lines contracted, including credit cards, to be communicated on behalf of the direct beneficiary, as they constitute potential liabilities and the amounts of sureties and guarantees provided in favor of the Bank, to communicate on behalf of the guarantors, from the beginning of the respective financing agreement, up to the limit of the guarantee provided. The Client has the right to know the information about him / her from the Central Credit Risk (CRC) of the BCV and, when there are errors or omissions, he / she must request its rectification or update in the Bank.

Scope

I.2. Without prejudice to such General and Particular conditions as occasionally and specifically agreed with each of them, these General Conditions are applicable to all CORPORATE AND SIMILAR ENTITIES CUSTOMERS and cover all products and serves referred to herein. These General Conditions apply to all accounts opened with the Bank which have the same Account Holders and the same transaction conditions of the Account. Unless instructed otherwise, the signatures appearing on the records of clients are valid for all contracts or accounts opened with the Bank on behalf of the Account Holder. The particular conditions shall be in writing or any other form that, satisfying the respective requirements, shall be legally equivalent, namely the electronic means, being sufficient the

The opening of this account is subject to checking the sufficiency of documentation and statements submitted. If any irregularity or insufficiency is found, not resolved as required, the Bank, not depending upon another notice, may cancel the account and the means of payment offered that may not be then used. Conference shall be made by the Bank within forty-five days from the date of subscription of these General Conditions.

Account Number: (to be filled in by the Bank)

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exchange of correspondence, except for imperative disposition to the contrary. Personal Data Query and Automatic Treatment of Personal Data and Communication of changes in the Customer's elements of identification. I.3. Within the limits of the law, the Customer expressly authorises the Bank to store, whether in computers or otherwise, communicate and interconnect his/her personal data, both those which were provided voluntarily and such other as the Bank may have lawfully obtained, such data to be exclusively used to establish and maintain commercial relations between the Customer and the Bank or companies with which the Bank is directly or indirectly in a controlling or Group position, and the said data may be provided for the knowledge of or use by such companies for the above mentioned purposes. The Customer also authorises the Bank, in the event of default or breach of any of its obligations, to communicate such facts to the Central Central Bank of Cape Verde, to other Central Banks in other jurisdictions and to other companies authorised by the National Data Protection Commission to process personal data to centralise and exchange information on credit risks, within the limits of the corresponding authorisation. I.4. With the exception arising from the aforementioned clause, the Bank shall maintain confidential the Customer's personal data and its relations with the Customer, under the terms of the law. Likewise, under the terms and within the limits of the law, the Customer shall have from time to time access to the data information and its updating which is stored and processed automatically by the Bank and, for that purpose, the Customer should contact the Branch. I.5. The Customer likewise authorises the Bank, whenever it requires credit in any way and within the limits of the law, as well as when the Bank believes to be pertinent to identify financial products that may interest the Customer, to consult any information concerning the Customer at the Central Central Bank of Cape Verde Database, either to confirm information voluntarily provided by it or to obtain another type of relevant information to set up and maintain commercial relations between the parties or companies that, with the Bank, are directly or indirectly in a controlling or Group position. I.6.The Customer is obliged to immediately notify the Bank of any change occurred in the identification elements supplied, by presenting documental proof of those changes in the terms of the law. The Customer is obliged to supply to the Bank all the required clarifications and documents related to his identification documents and to update his registers with the Bank with a maximum period of five years and, in regarding Enterprises, to send annually a Certificate of Incorporation (or equivalent) document, fully updated. The Bank shall not take any responsibility for any losses that may result from the non observation of this procedure. The Customer and the Bank expressly agree that the update of all the information concerning this contract lies under the responsibility of the Customer. The Bank has the right to not accept the execution of any operation or not to allow the access to products and services in case of breach of any procedure set in the previous numbers by the Customer. Secrecy

I.7. The relationship between the Bank and the holder is guided by the observance of strict confidentiality, and discharge duties incumbent on him, especially not to disclose or use information about facts or information relating to the holder, unless expressly authorized by the same or when the law requires.

Money Laundering

I.8 Under the law, the Bank may refuse or suspend the execution of operation ordered by the Account Holder, as well as end the business relationship with immediate effect, if any knowledge or suspicion of it being related to the crimes of money laundering or terrorist financing, and if the holder does not provide the information required under the law, including information on the origin and destination of funds. Until the relevant departments of the Bank confirm the sufficiency and regularity of the documentation and / or statements provided by the Customer and approve the opening of account to customers in those terms also, the Bank will not authorize any debit or credit to the account, following the initial deposit, including those arising from the use of means of payment, however, may have been available to the Customer. Correspondence and Communications

I.9. All correspondence to be addressed to the Client may be sent in digital support to the email stated in the Client Form, unless the Client has not provided an email address, or he has agreed with the Bank the correspondence to be sent in paper, in which case it shall be sent to the Client by post to the stated address. However, the Client and the Bank may, at any time, agree on changing the support for the provided information and the destination address. The Client may receive its communications at the Bank's Branches network or the normal channels such as the fax, the Web (www.bcncv.com) and the mail. For the purpose of providing financial intermediation and payment services the communications and information shall be carried out, in writing, or through the internet in the Portuguese language, if no other language, address or communication channel has been agreed with the Bank. I.10. It is held in accordance with the possibility of communication on paper (such as by sending mail addressed to the account holder to the home as stated by it at the time of signature of this contract or, if the same has been changed to the last address declared), the information that is given to the holder by means of message included in the statement of its bank account to be sent to the owner on paper. Similarly, the correspondence is presumed as received, unless proved otherwise, on the third day after the sending or the next business day. The referred correspondence may be considered as not received, if the account holder proves that it did not result from any of his faults. I.11. It is also held in accordance that information that is given to the account holder by means of messages (email or sms) or other information that is available to him by electronic means, including through the BCN online service or any other form of internet banking that might exist and to which the Customer has acceded. Similarly, electronic communication is presumed received, unless proven otherwise, the day after the first sending, based on elements available to the Bank and most recently provided by the Client in relation to his mobile number and email, as is recorded in the Bank's computer system. I.12. Without prejudice to what may arise from the specific conditions of the products or services to which it refers, all correspondence to be sent by the Customer to the Bank shall be addressed preferably to the branch where the current account is open or, alternatively, to the Bank's head office. I.13. The correspondence to be addressed to the Bank shall be signed by those empowered to operate the current account, except in the case of ordinary correspondence or that exclusively concerns any of the holders with no repercussion on the legal situation of the others and which may be signed by the interested party alone. I.14. The Bank shall send to the Customer statements with the transactions in its accounts, whenever the Customer requires so and if he is able to support the eventual costs related to the provision of such service, as stated in the Price List, as defined in each moment. Additionally, whenever required by law or when it so deems fit, the Bank shall send notices concerning transactions made. Unless otherwise required by law, the frequency of the statements is defined by the Bank policy and may be changed from time to time. The statements and notices may be sent in digital support to the email address stated in the Client Form or provided to and registered in the Bank, if the Bank and the Client have not agreed on sending those communications in paper, or the Client has not provided the bank with his email address, in which case the former shall be sent to him by post to the stated address, whether involving or not the payment of postage and commissions according to what is established in the Price List of the Bank applying to most Clients for the same actions. In case there is, more than once, the return of correspondence sent to the Customer, the Bank may move to hold on any communications (including extracts) until it receives expressed indications by the Customer in order to restart the expedition. I.15. However, the Customer may, by bearing the respective costs, request the Bank to send statements within shorter periods than usual as well as request isolated statements. Any mail expenses will be charged to the Account, accordingly to Bank’s Price List. I.16. The Client authorizes the Bank to, by any means, get in touch with him, namely by electronic means, post, fax or telephone, using or not automatic systems with pre-recorded verbal messages, for the direct or indirect promotion of the marketing of any goods or services pertaining to its business as well as, to convey facts resulting from the Bank's business relations or initiatives in connection with its commercial activity.

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I.17. In case of any communication by telephone between the parties, the Bank is authorized to proceed when it sees fit, and upon notice to the holder, the recording of telephone calls, making their records magnetic evidence. I.18. Instructions sent to the Bank by the Customer, or its representative, must in written format. In order to ensure confirmation of those instructions, the signatures that are set in the Customer Files will be valid for any banking operations executed by the Bank, independently of its nature, as long as the Customer is the same entity. The orders sent to the Bank will be issued exclusively by the Customer, or its representative, and the Bank is not forced to execute any order if they or its underlying documents lead to any situation of doubt concerning sufficiency, content or authenticity, in which case the Bank has the right to search for clarification. Customer instructions follow the procedures set in the Clause I.17; nevertheless, the Bank has the right to ask for written confirmation of the instruction transmitted by phone and to hold the execution while such confirmation has not been received by the Bank. The Bank shall not be liable for damages due to: delays, loss, non-receipt, receipt truncated, mutilated or defective, partial acceptance, receipt in duplicate, diversion and / or delivery to the person place or erroneous information or other items sent by customer or any third party, even by any of the means of transmission or communication systems accepted by the parties to the contract governed by these Terms, unless such situations have been caused by fraud or negligence of the Bank, which only respond by failure, the defective performance, or for delay in execution of orders and / or instructions, when such a situation has been caused by fraud or gross negligence on your part. The movements disclosed in the Account are deemed to be finally adopted, if not the subject of complaint written by the Customer within 30 (thirty) days of its occurrence or knowledge. Claims must be submitted as provided in Clause 22, properly justified and accompanied by all elements in the possession of the Customer. With regard to the value dates of debits and credits and provision of funds in the Current Account, to the debit records in the Current Account is attributed the Value Date of the day of its execution, without prejudice to the provisions, for special cases, in laws, regulations or applicable instructions, and in banking practices. In internal transfers made to the Customer Current Account, and in the absence of a stipulation otherwise indicated, the Value Date and the date for provision of the credited cash amount is the date of the credit moment. Without prejudice to previously set, to the credits made in the Customer Current Account shall be attributed, at most, the Value Date of the business day on which the amount is credited in the Bank's payment account - In this case, the Bank shall guarantee that the amount is available to the Customer immediately after being credited in Bank's payment account. Copies

I.19. The Customer may request from the Bank, bearing the respective cost, photocopies of the documents that concern the Customer and which are in the Bank's possession. I.20. The Bank shall try to comply as quickly as possible but it is not obliged to do so within a predetermined period of time. I.21. The price to be paid by the Customer is the general price charged by the Bank to all the Customers in similar situations.

Claims

I.22. Unless in the case of just cause, or when the law requires longer delays, every claim concerning Bank's acts must be lodged within fifteen days from the date the act in question is confirmed. Otherwise it shall not be taken into consideration. The claim should, at the Customer's discretion, be addressed to the Branch where the account is domiciled or to the Customer Ombudsman. The Customer Ombudsman (through the Customer Ombudsman Office, hereinafter referred to as GPC), is a second-level body of the Bank's structure and its main function is to defend and promote the rights, guarantees and legitimate interests of its clients, ensuring the regularity of the relations between the client and the Bank. The GPC's duties are to receive, analyze and deliberate on complaints / suggestions sent by Customers in an impartial, exempt, confidential and free manner, being also responsible for informing the complainant of the decision made. The

Bank believes that a positive and constructive approach to customer complaints and suggestions contributes to raising trust and satisfaction, helping to improve the reputation and professionalism of the institution. Complaints can be submitted in the complaint book available at all Bank branches, by letter, fax, e-mail or through the Bank's website by completing the form available at the following address:

http://www.bcncv.com/en/index.php/contacts#customer‐ombudsman Without prejudice to access to the competent judicial means, the Client may also directly submit complaints to the Bank of Cape Verde (GAC - Consumer Support Office, for further information consult: http://www.bcv.cv/vPT/Consumidores/Paginas/Consumidores.aspx) and appeal to other extrajudicial means of dispute resolution, mediation or arbitration, to which the Bank accepts or has already adhered. Customer's Income and Remuneration

I.23. Interest, dividends, income and any other type of remuneration the Customer is entitled to receive from the Bank shall be paid by depositing the respective amount in its current account. I.24. The aforementioned clause does not affect other forms of payment, namely through capitalisation, when legally mandatory, or arising from the specific characteristics of the product generating the income or remuneration owed, or from particular conditions agreed with the Customer. Taxes, Duties and Amounts Owed I.25. Taxes, contributions and fees that are due, relating to the Current Account or to operations that are reflected in this Account, namely, for its opening, movement, remuneration, eventual credit grant, interest paying, buying and selling of Financial Instruments, and provision of any information service or of Current Account management, are the responsibility of the Client, and the Bank is authorized to debit the respective amounts. Thus, income due and / or made available by the Bank shall be paid to them, net of taxes, contributions and fees which the Bank or other financial intermediary shall liquidate, deduct or withhold at source. Likewise, the commissions and interest charged to the Client shall be increased by their respective taxes, contributions or fees. Unless otherwise required by law, all payments to be made by Customer under the Contract will be made at their nominal amounts without any withholding or deduction of any kind, including tax. If the Client is legally obliged to withhold or deduct tax on any amount due, he shall notify the Bank as soon as it becomes aware of the obligation to make such reduction or deduction, and shall furnish to the Bank documentation proving its obligability, and / or its payment ; In this case, the Client will add to the respective payment the amount necessary for the totality of the amount received by the Bank correspond to that which would have been owed to it if such retention or deduction had not been verified. The Bank is not responsible for any change that may occur in the tax and parafiscal arrangements applicable to the Client, namely changes in the profitability or net remuneration of the Current Account or any application or operation subscribed or executed by the Client, whether arising from changes in law or in the personal or patrimonial situation of the Client. Reverse entries I.26. The Bank is expressly authorised to reverse any entries unduly made in the Customer's account, namely in case of error, fault and any other circumstances when a reverse entry is justified, the entry to be made with the value date of the original entry. The unduly entries do not create any rights for the Customer. Voluntary Compensation

I.27. If the Bank is a creditor of the Customer for an amount overdue, it may, without prejudice to any other power under the Law or the security from which the debt arises, retain and use, for its repayment, any funds from balances, accounts or securities held by the Customer at the Bank, offsetting the respective amount with debits of the same amount, regardless of the lawful requirements for legal offsetting. I.28. Para For the purposes of the aforementioned clause, the Bank may proceed to the early cancellation of term deposits or investments, with no need for further authorisation or prior notice, up to the amount needed for the repayment of the amount due. If the accounts used for offsetting the amounts are in a currency other than that of the debt to be paid, the

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translation at the Bank's exchange rate will be made to buy the currency of the account up to the amount needed to pay the amount due. The Bank is hereby authorized to make such charges in any account with the Bank of individual proprietorship or co-ownership of any of the joint account holder or on behalf of the Holder, to proceed with the sale of any assets that are the same deposited or registered, to the amount that is deemed sufficient to support such charges, assuming the Holder all costs, expenses and commissions involved, according to the price list in force. I.29. Should the Bank have several credits, it shall at its own discretion, determine which are extinguished through recourse to the mechanism foreseen in the aforementioned clauses. Price-list

I.30. From time to time, the Customer may consult at any branch of the Bank the price-list with the prevailing interest rates, indices, commissions and prices charged by the Bank for its services or the method of determining them. I.31. Unless when the law otherwise imperatively stipulates, the Bank may, from time to time, change any item of its price-list. The Bank may change fees, interest rates or other charges that were prevailing at the account opening date, namely if the guidelines from monetary or supervision authorities or market conditions demand or advise those changes. I.32. Changes referred to in the aforementioned clause shall be as stipulated in the Notice Nº 1/2013, namely in its 8th article (Information Duties), that stipulates that the changes can’t be realized by a simple remission to the Pricing, having the Bank to inform its customers the contents of those changes, with a minimum advance of 30 days relatively to the required application date, without harm of other established legal or regulatory deadlines. I.33. In the case of ongoing services, under way or yet to be started, the new price shall be immediately applied after it comes into effect. In the case of occasional services it shall apply only to services not yet agreed on the same date. However, changes to the price-list shall not be applied to terminated or yet in progress computation periods and to services already provided. I.34. The Customer accepts that the Bank will bring to his knowledge any changes in the price-list by any contact means generally accepted by the public (internet, text message, branch network, letter, or other written form).

Legal and Extrajudicial Costs

I.35. In the case of default or breach by either of the parties of their obligations towards the other, arising from this agreement or from any other document, the defaulter shall be liable for the proven legal and extrajudicial costs incurred by the other party to redress the situation. I.36. Without prejudice to the provisions of the aforementioned clause, the parties may agree, in the document from which the breached obligation arises or in any other, to set up commissions to be borne by the defaulter and to offset extrajudicial costs incurred by the other in the case of default or breach of the pecuniary obligations by either party. Payments to the Bank

I.37. Unless when the opposite happens from the particular conditions agreed or from the specific conditions of products or services to which they refer, payments due to the Bank by the Customer, for whatever reason, shall be made by debiting the respective amounts to the current account, which the Customer undertakes to keep timely with funds, the Bank being irrevocably authorised to make the above mentioned debits with no need of prior notice. I.38. Debits referred to in the aforementioned clause may not be made prior to the maturity of the corresponding obligations, but they may be made later with the correct value date. I.39. When the current account is cancelled for any reason whatsoever and the Customer still has pecuniary obligations towards the Bank, the payment shall be made by crediting the account that the Bank shall indicate to the Customer for that purpose. Term

I.40. The agreement entered into by the Bank and the Customer to which these general clauses apply shall last for an indefinite period, without prejudice to the provisions of the following clauses. Checks I.41. The ability to execute Account transactions through checks is neither deemed necessary nor mandatory from the account opening contract, being therefore dependent upon the existence of a cheque convention between BCN and the Account Holders. BCN has the right to celebrate, or not, this cheque convention, according exclusively to its commercial criteria. I.42. The cheque convention between BCN and the Account Holders may be unilaterally terminated by the Bank, if it, according exclusively to its commercial criteria, believes that there may not exist reasons for its maintenance, independently of the cases required by law concerning mandatory termination of by any rules or instructions of Central Bank of Cape Verde. I.43. The Bank may refuse to pay the check if there is just cause, embodied in theft, embezzlement, moral coercion, accidental disability or any other situation where there is a defect in the formation of intention to issue the check notified by the owner to the Bank in writing. I.44. In case of misuse of the check, especially when issuing a check without funds in accordance with the laws and regulations, the Bank is legally obliged to terminate the check convention, that decision will be communicated to the holder in accordance with the procedure prescribed by law, and the holder, upon receipt of the communication, shall refrain from issuing new checks and return to the Bank immediately all printed and unused checks. If, notwithstanding the termination of the check convention, the holder is to issue new checks, it is required to reimburse the Bank and compensate the damage suffered if this has made the payment for being such a bound. Such obligation exists in the case that the check was issued and / or presented for payment after the closure of the account due to termination of contract by the Bank or the holder. The Bank reserves the right not to satisfy, in whole or in part, requests for new checks which it considers unjustified in light of prior use by the holder and the amount of forms that are not used in this power. I.45. The Account Holders are obliged to keep the cheque books delivered to them by the Bank under care and safety terms and not to proceed to signing the check prior to its fulfilment, being responsible for all liability that may result from the breach of the abovementioned measures and from loss, fraudulent subtraction or unduly usage, whose situations must be communicated to BCN immediately or as soon as possible. Past 30 days from the cheque book request, without the Account Holders have made any transaction, BCN, for safety reasons, is allowed to destruct those checks, without waiving the right to charge for the supply of this service. If checks are sent by mail, the Bank shall not have any liability concerning eventual unduly usage of those checks. The Bank reserves the right to issue checks with an expiration date, from which they can not be completed and issued and must be returned to the Bank. However, account holders recognize the right of the Bank, at its discretion, make a payment of any check that will eventually be issued after the expiry of its validity. Termination

I.46. The Bank may with immediate effect cancel the current account opened under the terms of the General Conditions herein and the means of payment provided, with no need of further notice, if the Bank finds any irregularity or insufficiency, not solved, in the statements made and documents submitted by the Customer when opening the account, and terminate the agreement made with the Customer who will be notified with at least thirty days notice prior to the date when the termination must become effective. Following cancellation of the current account, the Customer may not use any of the means of payment in his/her possession which it shall return to the Bank, namely checks and debit or credit cards (or alternatively or in addition, give a written statement proving their destruction), nor may he/she issue new orders or instructions to the Bank. In the cases hereunder, the Bank shall deliver to the Customer the amount deposited, in cash or by transfer to the Credit Institution from where it was transferred, in the same way as it was received to be deposited by the Bank. I.47. From time to time, the Customer may with immediate effect terminate the agreement made with the Bank, by notifying it to that effect. The

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termination only becomes effective if made by the legal (s) representative (s) of the account holder as defined in clauses I.63 and I.64. I.48. However, this notice shall not affect those operations already in progress or that, having been instructed or requested, may not be stopped, nor shall it prevent the Bank from carrying out such acts as may be adequate to exercise its rights. I.49. However, this notice shall stop such payment orders as have been issued by the Customer, permanent or otherwise, and that should have been fulfilled after the fifth day from the acknowledgement of termination. I.50. Once such notice has been received and the transactions and the acts mentioned in the previous clause carried out, the Bank shall close the current account and give the funds which exist therein and which are not necessary to repay overdue amounts as well as other such assets entrusted to the Bank that may be immediately transacted, the destination as instructed by the Customer. The other assets shall be made available when they can be transacted, either due to their characteristics or those of such financial products they are part of, or to any occasional lien. I.51. The provisions of the aforementioned clause concerning the delivery of assets to the Customer shall not apply when the Bank is prevented from doing so, subject to the law or competent judicial or administrative authority, in which case the law shall apply. I.52. However, the Bank may choose not to close the current account before 30 (thirty) days have elapsed from the settlement of the linked term deposits or if the Customer and the Bank continue to do business, through agreements or other forms, from where pecuniary obligations emerge for the Customer which he shall comply with in the future. The Client undertakes to deliver in advance to the Bank all means of payment or movement of the Account that have been delivered to him. The Bank reserves the right to not close the Account in case of some of the following situations occur: (i) existence of any pending order or transaction; (ii) existence of a debit balance on the Current Account in favor of the Bank; (iii) existence of any Associated Account; (iv) non-return by Client of all means of payment that have been delivered to him or until all Customer's liabilities to the Bank have been settled; (v) existence of legal imposition or legal impossibility. I.53. In the case foreseen in the aforementioned clause, the Bank may however block the account to every debit entry not for the purpose of making payments due by the Customer to the Bank, the provisions of clauses I.45 and I.46 not being applicable, without prejudice to the Customer's right to handle such funds belonging to him/her, with due respect for the characteristics of each one. I.54. In any case, once the contract is terminated., the Customer may neither use any of the means of payment in its possession, namely checks and debit or credit cards, nor issue new orders or instructions to the Bank, which, should that occur, may freely refuse them or comply with them, as it may deem fit. I.55. The Bank may, at any time, terminate the contract signed with the Client, with immediate effects, when any of the following circumstances occur: a) delay or default regarding any of the Client's obligations; b) lack of any funds deposited or entrusted to the Bank by the Client; c) Serious infraction by the Client of legal duties applicable to him, in particular with regard to anti-money laundering and terrorist financing rules. I.56. Besides the provisions of the aforementioned clause, the Bank is entitled at any time to terminate the agreement made with the Customer, giving at least a prior notice of thirty days from the date it becomes effective. The agreement having been terminated by the Bank, the aforementioned clauses that govern the termination by the Customer shall apply with the necessary adjustments. I.57. If, once the Customer has been given notice of termination, it does not validly instruct the Bank, within thirty days, as to what to do with the funds and assets deposited therein or entrusted to it, the Bank may, alternatively or cumulatively, as it may deem fit: a) transfer the funds or assets to an internal temporary account until their ultimate transaction; b) send to the Customer's address a banker's cheque for the amount the Customer is entitled to receive;

c) to deposit in escrow. While the Bank does not use such powers as referred to in b) and c), the Customer has a right to instruct on the destiny of the assets. Exercise of rights

I.58. The exercise by either party of any of its rights shall not affect, in any case, the possibility of concomitantly or at a later date exercising such other rights as it may have and that are not incompatible with it. Without prejudice to the rules of the statute of limitation an forfeiture, the occasional or continued non-exercise, by any of the parties, of a right to which it is entitled may neither be understood, in any case, as an implied waiver of the said right, nor, if the right arises from default or breach of any obligation by the other party, does it authorise the party at fault to continue the infringement or to repeat it. Reduction

I.59. The probable judicial declaration of the invalidity or inefficacy of any of the general conditions herein shall not affect the validity and efficacy of the others which shall continue to govern the relationship between the Bank and the Customer. Conflict of Clauses I.60. In the event of a probable conflict or discrepancy between clauses that relate in particular to a certain product or service and others of a general nature or relating to another product or service, the former shall prevail over the latter. The headings of the clauses of these General Conditions are included for reasons of mere convenience and does not constitute support of the interpretation or integration. Changes in general conditions

I.61. The Bank has the right to propose to the Account Holders changes in the text of General Conditions, by publishing in paper those changes in the Branches or in the Bank’s internet site, with 30 days prior to the implementation date . The lack of written response during that time period or the execution of transactions ordered by the Customer supports the assumption of agreement by the Account Holders regarding the proposed changes. The disagreement and rejection of the proposed changes in the General Conditions allow the Account Holders or BCN to execute the right to cancel and terminate the existing contract. The provisions of this clause are not applicable in case of changes in interest rates or exchange for the payment service, which can be implemented immediately and without notice, the Bank communicating these changes to the holder, on paper or on another support that view as adequate, as soon as possible. Law and Jurisdiction

I.62. The competent law is the Capeverdian law and to settle any dispute resulting from the relation between the Bank and the Client the jurisdiction will be Courts of Cidade da Praia, with the exclusion of any other one. Account holder representation

I.63. In what regards the current contract, companies and similar entities are represented in its relationships with the Bank, namely account opening and transactions, as well as services underwriting, by the private entities that, according to the law, the shareholder agreements or decisions made by the governing bodies, have the adequate powers, either those persons are or are not integrated in its functional structures, either they are third parties to whom the company or similar entity has provided a power of attorney. I.64. Are excluded from the stated in the previous number, all the entities similar to companies that have as its underlying a private entity (e.g., selfemployed entity), which will be, in this case, the Account Holder, being allowed to concede to third parties powers of attorney. These powers cover, except stated in contrary by the law or any contractual or statutory form, the reference account and all the related deposit accounts. I.65. In case of dispute between the Bank and the Customer, the burden of proof is on those who rely on the fact in his favour, forcing the other party is to provide its best collaboration, including providing, within their possibilities, information and documentation as may be requested concerning the dispute in question. II. CURRENT ACCOUNT

II.1. The opening of a Current Account depends on a Customer's proposal by signing and completing the Signature Card, giving information about

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every identification element foreseen in the above mentioned card, submitting and delivering to the Bank adequate documents to prove his/her identification and confirming the truthfulness of every information and element given to the Bank, subscribing the General Conditions herein, depositing the minimum amount stipulated at any time in the Bank's price The opening of a Current Account depends on a Customer's proposal by signing and completing the Signature Card, giving information about every identification element foreseen in the above mentioned card, submitting and delivering to the Bank adequate documents to prove his/her identification and confirming the truthfulness of every information and element given to the Bank, subscribing the General Conditions herein, depositing the minimum amount stipulated at any time in the Bank's pricelist and available at its Branches, and the Bank has to confirm the reliability and sufficiency of the statements produced and documentation submitted. If the customers are, arguably, not resident in Cape Verde, the Customer expressly authorize and empower the Bank to, in its sole discretion, request from the Tax Authority the allocation of tax identification numbers on behalf of clients for specific purpose of opening of the Account. If, after the signature of the General Conditions, customers will get a tax identification number, are required to notify the Bank in writing within 30 (thirty) days, together with a copy of the documents. If that is not processed, the Bank may inhibit the movements of any debit or credit, suspend the use of means of payment available and may cancel the contract in accordance with the following clause. The Bank reserves the right to request additional documents and all information it deems necessary for purposes of acceptance of the application to open an account. Any change of identification data of Customer contained in the documents and information furnished to the Bank for this should be immediately transmitted to the Bank by the Customer by a written statement, signed by all account holders, producing its effects after the actual receipt and acceptance thereof by the Bank. The Customer undertakes to provide to the Bank all data and information that it reasonably ask you, including documents with a term of validity. II.2. If the Customer does not provide information on every identification element in the Signature Card or if the documents confirming the information given are not submitted and delivered to the Bank, no debits or credits shall be made in the Customer's current account following the initial deposit, and the Bank shall not make available any payment instruments on that account nor shall its holder be changed, if the fault is not impeditive of the opening of the current account for the Customer. II.3. If the Signature Card is not dully completed or is not joined by such adequate documents as to prove the declared statements, the Bank may notify the Customer to correct the fault within the delay it shall specify, under penalty of closing the account. II.4. The account shall be identified by a number assigned by the Bank which, however, the Bank may unilaterally modify from time to time, taking specifically into account any reasons of operational, information technology or security nature. II.5. Any change in the account number shall be communicated to the Customer on time, and the Bank, at its own expenses, shall be required to implement any changes in such means of payment or handling of the account entrusted to the Customer and considered necessary.

Type of Account Holders

II.6. The account holder in the reference account will the company or similar entity to whom the account has been created. II.7. Without prejudice of what arises from the clauses that govern the Home Banking, the Customer shall handle the account by means of checks, payment orders, debit cards or any other means of payment issued or allowed by the Bank, provided that, as applicable, the instruments used contain the signature of the Customer with powers to handle the account, or use secret personal codes allocated and accepted by the Bank. In the absence of specific instructions, including clear indication of the account number and other bank details (SWIFT code, IBAN, ...), debits or credits to be made on behalf of a holder of several accounts will be processed accordingly to the Bank criteria, which is dismissed of any responsibility by the Customer.

II.8. When the handling instrument is a document with the Customer's signature, the Bank shall confirm it by comparison with the one in the Signature Card. II.9. For the purpose of the provisions of the aforementioned clause, when signing the account application form, all the persons that compose the Customer shall also fill in a card where they shall affix the signature they shall be using in the account handling instruments. In the event of wanting to be able to indiscriminately use more than one type of signature, these persons shall affix them on the above mentioned card. Should any of them wish to change the signature to be used, the interested party shall previously replace the signature card. II.10. Unless otherwise expressly indicated, any change in the signature card shall only apply to payment instruments dated and submitted ten business days after the date when the change was made. Without prejudice to the confidentiality to which it is bound, the Bank is expressly authorized to reproduce the signature card under such terms as it may deem fit, namely to be sure that the signatures in the account handling instruments are legitimate. II.11. In the case of receiving contradictory instructions by any of the Account Holders, in a plural Account, the Bank reserves the right to discharge the order received in the first conditions to be fulfilled or, alternatively, to refuse compliance with these orders without the confirmation by all the holders. Power of Attorney

II.12. The account may also be handled by the Customer's attorneys duly appointed by means of a power of attorney issued under the terms of the Law and of the power of attorney. For the purpose, the attorney shall fill in the signature card under the terms of clause II.1., provide information on every element of his identification therein foreseen and deliver to the Bank the adequate documents confirming his identification. II.13. However, the Bank must recognise and accept the power-of-attorney when one of following two facts occurs: a) the original or certified copy is delivered to the Bank; b) a certified copy of a power-of-attorney filed at a notary public is delivered to the Bank. Moreover, the Bank reserves the right not to accept powers of attorney whose content differs from the terms approved in the Draft format for the Bank's powers of attorney or whenever, in its sole discretion, deems that the terms of the proxy configure limitations on the exercise of powers of attorney, such as, for example, limitations concerning timing, purpose or amounts to be traded. II.14. When revoking a power-of-attorney, the Customer must notify the Bank specifically thereof. Except for an imperative legal provision to the contrary, and as far as the Bank is concerned, the revocation is effective only following the aforesaid notice. II.15. The Customer undertakes to immediately notify the Bank of any changes of its representatives, and in no circumstance can the Bank be held responsible for a former representative handling the account prior to the said notification, and without prejudice to the provisions of clause II.19. II.16. Notwithstanding the provisions of the aforementioned clause, the Bank may refuse to handle the account if, despite not having been so notified by the Customer, it is aware of the change of the Customer's representative by some other means. II.17. Unless it receives express indication to the contrary by instruction of the new Customer's representatives, the Bank shall authorise every account transaction based on documents signed by the former representatives dated prior to the notification or on an instruction given by them prior to the said date, although the transaction shall only take place in the future. II.18. The provisions of the above mentioned clauses do not prejudice the power to revoke the instructions given by the new representatives, which can be exercised under the general terms of the law. Changing the conditions set forth, as well as the inclusion of new Account Holders or the allocation of powers of attorney depends on the involvement of all Holders and the filling of a new Client Form signed by all holders. The Customer acknowledges and agrees that the changes outlined above may lead to the termination of contracts relating to means of payment of the account that

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presuppose certain conditions, which by virtue of these changes, no longer exist. The Customer acknowledges that the use of powers of attorney, whatever its nature or context, creates an increase risk of fraud and as such, is obliged to use this mechanism with zeal and, as such, the Customer assumes, irrevocably and from now on, unless there is willful misconduct of the Bank, all liability for damages arising from fraud, mutilations, falsifications or errors of interpretation, concerning transactions in his accounts through the use of powers of attorney and other forms of sub subrogation. Maintenance and Debits in the Account

II.19. The subsistence of the current account may imply keeping a minimal average balance, or, in case of a lower balance, the payment of account maintenance costs as determined by the Bank, who shall also be allowed to charge a fee for each transaction made. The minimum balance, the maintenance costs and the fee are those included in the price-list available at the Bank's Branches, which can be changed from time to time. II.20. From time to time, the Customer may request the Bank to issue checks, debit cards or other specific means to handle the account, undertaking in all such cases to make proper use of the means with which it shall be provided, subject to the terms of the law. If the Account is associated by the Customer to any debit or credit card, issued and contracted with the Bank, it becomes immediately authorized to debit card costs and all the debit transactions incurred from usage. II.21. However, the Bank shall have the discretionary power to decide if it shall provide the Customer and if so, under the requested terms, conditions and quantities with the requested means. The fact of the Bank having satisfied one request or even having regularly satisfied the requests made by the Customer does not imply the obligation to satisfy future requests. II.22. Whenever the Bank accepts the cheque requisition and issues them, it shall deliver them directly to the Customer or to a representative or authorised attorney with powers to handle the account. The delivery shall take place at the Branch where the account is domiciled or such other as requested by the Customer, always against receipt notice, which can be simply the receptor's signature on the backside or close of the requisition. II.23. The Customer may however request that the checks be sent by mail, bearing the respective cost according to the Bank's price-list. In these cases, the checks are sent in the active status enabling the Customer to start using them immediately, assuming all the liabilities that may arise from the cheque delivery risk. II.24. Subject to the law and with the regulations issued by the banking supervision authorities, the Customer may, in the event of improper use, be included in the list of risky Cheque users (LUR), as well as suffer other legal consequences arising there from. The Customer declares that it is not subject to any administrative or judicial measure that restricts the Cheque usage at the time of the account opening. If the Customer becomes subject to any of these restrictive measures regarding cheque usage, in line with the law and Central Bank of Cape Verde instructions, the Bank will terminate the Cheque Convention and the Customer must return to the Bank all the available checks in his possession. The Bank is expressly relieved of any responsibility should be the name of the Holder included in the LUR, by virtue of co-ownership in the account on which the check was cashed that originated the measure restricting the use of checks. II.25. Even when the account has insufficient funds to pay any sum owed to the Bank, the Bank may debit such sum as an overdraft. The Bank may do the same in the case of payments to the Customer or to Third Parties, instructed by the Customer. This provision is merely an option of the Bank and can in no circumstance whatsoever be considered an obligation. II.26. Even if the Bank may have authorised an overdraft facility to cover payments or debits, or even if it regularly authorises them, it shall be entitled, at all times, at its own discretion, to refuse new payments or debits, except if it is otherwise bound by a specific contract made in writing with the Customer. II.27. The delivery of checks, other credit securities or other assets to be deposited shall always be subject to collection, therefore their respective amounts are only made available to the Customer following due collection of the assets deposited or any other circumstance deemed equivalent

under the law or any regulation, the provisions of the aforementioned clauses being applicable regarding any advance of funds in respect of assets pending collection. II.28. Unless there is a written agreement to the contrary, if the Bank has advanced funds in respect of assets delivered by the Customer to be deposited, it shall be entitled to the reimbursement of any sums not collected, by debiting the current account accordingly. II.29. Unless there is a written agreement between the parties to the contrary, payments on assets to be collected authorised by the Bank not covered by cash actually available in the account, shall be considered overdraft payments for the purposes of the provisions of the following clause. II.30. In the case above, in addition to the debit of the account for value corresponding to the execution of the debit, the debit will still be released into the account the interest, fees (including fees for overdarft), charges and taxes payable by the holder under the law, these general conditions and pricing. The account holder must also immediately restore the negative balance resulting from the debit of the account for these reference values. If the reference account is collective, all holders will be jointly responsible for payment of the negative balance, regardless of type and conditions for handling the account. II.31 Based upon the negative balance, the account will bear interest at the rate then in force which appears on the fee structure for operations of any overdraft. If questioned by the Bank to regulate the negative balance in debt referred to in the preceding paragraphs of this clause, the holder fails to do so within the Bank determines, be additional to the rate indicated in the previous surcharge on arrears up to 4% per annum or other that is legally permitted. Interest on arrears or salary may be capitalized by unilateral decision of the Bank, to the extent permitted by law. II.32. Without prejudice to any written agreement to the contrary, interest on overdrafts is computed and paid monthly by the Customer, accordingly to the interest rate set in the Price-List for operations of this nature. II.33. In any event, any overdraft shall be settled by the Customer by means of a corresponding cash deposit, as soon as possible after it occurs and, at the latest, upon a simple request by the Bank. If the overdraft is not settled within 5 (five) week days, the Bank may demand the credit conversion and/or its guarantee by the presentation of a promissory note as well as to hold the execution of any order or instruction related to the movement of funds deposited in the Account. The Customer accepts that, as a general rule, which may hold exceptions, any deposit or transfer of funds into the Account, in overdraft, shall be, independently of its nature or issuing entity, used to amortize the negative balance. The Bank reserves the right to retain possession of the documents that gave rise to the overdraft, including checks deposited and not returned, and to exercise all rights arising from them against the Accounts Holders. II.34. Unless otherwise agreed between the parties, the positive balances of the Current Account will not be remunerated. II.35. The account shall be closed in the event of termination of the agreement to which these General Conditions apply and under the terms mentioned thereof. The account may also be closed or suspended by order of a competent judicial or administrative authority. Opening of Deposit Account using Remote Means II.36. The Bank allows it the opening of accounts at a distance, that is, without that customers being required to contact the Bank in person, at least to meet some of the formalities that are required. The opening of accounts in this manner does not, however, remove the holders of those accounts and any representatives from the obligation to declare and demonstrate their identities. II.37. Under the Law, an account opened using remote Means occurs whenever the same is made by consular officers Cape Verdeans and other diplomatic missions abroad or using exclusively electronic means (Internet, automatic termination of service, telephone and other means of distance communication made available by the Bank) or that it is performed by entities authorized to and resulting from such agreements. II.38. Proof of identification elements in these situations must be made by sending the bank a certified copy of documentation of proof of identification.

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II.39. The dispatch of documents required for verification of identity referred above is mandatory within thirty days from the date of account opening, otherwise this is not legally effective. III. TERM DEPOSITS AND INVESTMENTS IN FINANCIALPRODUCTS

III.1. The term deposits shall be identified by a number or code and shall normally be associated to the current account. However, the Bank has the right to modify the assigned number or code at any time, for operational, IT, safety or other reasons. The maturities, minimal amounts, if any, and other conditions for the establishment, life and cancellation of term deposits are the ones determined by the Bank and applicable to every Customer. III.2. Provided the determined conditions are met, the Customer may, at any time, instruct the establishment of term deposits, which will always happen by debiting the respective amount from the current account, which has to previously hold enough funds for that effect, and the Bank is authorised to perform all the relevant transactions. III.3. The deposits instructed shall be established with value-date on the first business day following the instruction, except when, due to the own characteristics of the deposit in question, it has to be established at a later date. III.4. The Bank shall issue a document proving the establishment of the deposit, showing the respective amount, term and applicable remuneration. III.5. Except in the case of instructions to the contrary emanated from the Customer or due to imposition of the specific characteristics of the established deposit, term deposits are automatically renewed for the same period and at the remuneration rate in force in the Bank for every deposit of the same type. III.6. The Customer may also, under the conditions advertised in each case, underwrite other financial products marketed and made available by the Bank, or invest money in them, whose characteristics shall be those determined or indicated by the Bank. III.7. The establishment of the investments shall always be made by debiting the corresponding amount from the current account under the terms that govern term deposits, and which are applicable to every Customer. III.8. The Bank is hereby authorised to, depending on the characteristics of the financial product in question, perform all the acts appropriate to the establishment of the investment and its cancellation, being also mandated to, if necessary, act in the name and in representation of the Customer, having the authority to, namely and according to the case, purchase, underwrite, endorse, change, transmit, sell, reimburse, amortise and demand the reimbursement of financial assets. III.9. The payment of eventual remunerations is subject to the rules that govern the term deposit, with the necessary adjustments. However, when the remuneration depends on a performance or act of a third party, be it the payment of any amount or other, the respective credit shall only take place on the next business day following the one when the performance is satisfied or the act completed. III.10. The Customer is responsible for all the fees and other charges arising from the establishment of the term deposit or the investment under the advertised terms. When the fees or charges must be debited in advance or simultaneously to the establishment of the deposit or investment, the Bank is not required to execute the said establishment if the current account does not have enough funds to cover that debit. III.11. The Customer is not allowed to handle, cancel or withdraw in advance the deposits or the established investments whenever the respective nature, type or characteristics so forbid, and also when, under the conditions advertised previously to the establishment, the impossibility of early cancellation has been indicated. When possible, the handling, cancellation or early withdrawal bear a penalty to the Customer in terms of remuneration and the costs that are in force at the Bank and that are applicable to every Customer in the same circumstances. The Customer recognizes the right of the Bank not to allow early mobilization of DP as long as any liability due and unpaid to the Bank and the Bank the right to make such mobilization in her favour in settlement of these liabilities. The early mobilization of the DP involves the penalty of their rate of return on such conditions as the Bank at any time establish. The Bank may proceed

to the cancellation of the DP where the mobilization, early or not, your balance implies that a balance below the minimum established in every moment, for this type of deposit. III.12. The instructions of establishment, cancellation and early withdrawal of deposits and investments may be given by who has powers to handle the current account, except if by imperative of the law, it has to be otherwise, according to the type or characteristics of the deposit or investment or for other reason. III.13. The Customer takes full responsibility for the risks of the investments made according to the respective nature and type, namely the risks arising from changes in the tax regime, the variations of the capital market or others, except when the full reimbursement or exact remuneration are assured in writing and in what concerns one and the other. III.14. The provisions in the previous clauses are not impeditive of an agreement of particular conditions between the Bank and the Customer, which are exclusively applicable to the deposit or investment to which they specifically refer, not giving the Customer any right or benefit concerning other deposits and investments, either future or already established. III.15. The Bank may always and at any time determine special conditions which are only applicable to deposits or investments established in predefined periods or terms.

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customer form - corporate customers...i hereby authorize bcn to take all such measures as it may...

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