Common use of CLEARING TRANSACTIONS Clause in Contracts

CLEARING TRANSACTIONS. IX.1 At the moment when the Bank learns that the Card has been used to order a Payment Transaction, it typically reserves Funds in the Account for the amount specified by the Payment Order. If multiple currencies are held in the account, the reservation of Funds will be made in the currency designated as the primary currency. The Available Balance of the Account will be decreased by the amount of the reserved Funds. IX.2 The Bank will clear transactions carried out with the Card against an Account with foreign currency on the day of transaction clearance. The moment the Payment Order is accepted to carry out a transaction made with the Card is the Banking Day when the Bank receives the request for clearing the transaction (Payment Order) from the Merchant’s provider of payment services or a provider of payment services or a subject which operates an ATM or provides Cash Advance or Cash Back service with all information necessary for carrying out the Payment Transaction (hereinafter the “moment of transaction acceptance”). The time near the end of the working day is 4 pm for Payment Orders made with the Card. In the event that the Bank receives a Payment Order after the agreed time near the end of the working day, the Payment Order shall be considered to be accepted on the next Banking Day. The deadlines by which Funds will be credited to the account of the provider of payment services of the recipient are further specified in the Information on Payment Deadlines. IX.3 For Cards which are issued for Accounts without (i) Transactions are cleared in the Account in which the reservation of Funds was made. If such reservation was not made, the transaction is cleared in CZK in the Account held in CZK while a transaction in another currency will be cleared in the appropriate foreign currency Account, regardless of the available balance of the Account. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined by using the valid exchange rate as follows: • Amount debited from the Account = the amount in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined in the Price list/the exchange rate for purchasing the currency of the Account (DN), reduced by the Exchange Rate surcharge determined in the Price list (for CZK DP, DN=1). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card association. • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange rate surcharge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange rate surcharge is not charged). If the currency of the transaction is EUR, USD or GBP, the currency is not converted provided that the transaction amount is debited from an Account kept in the same currency as the currency of the transaction. The aforementioned rules for converting currencies in which transactions are made are not used for transactions carried out using Dynamic Currency Conversion, on condition that CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.4 For Cards which are issued for Accounts with the option of activating additional Currency Components in a single Account: (i) Transactions are debited from the active Currency Component of the Account that is the same as the currency of the transaction. If there are not enough Funds available in the designated Currency Component of the Account to clear the entire transaction amount, this Currency Component is debited up to the amount of the available Funds and the remaining amount is debited from the main Currency Component of the Account, regardless of the remaining balance of the Account expressed in the main Currency Component of the Account. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined using the specified exchange rate as follows: • The amount debited from the Account = the amount expressed in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined in the Price list /the exchange rate for purchasing the currency of the Account (DN), reduced by the Exchange Rate surcharge determined in the Price list (for CZK DP, DN=1 and the Exchange Rate surcharge is not charged). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card association. • The amount thus determined is debited from the particular Currency Component of the Account kept in CZK, and if there is no active Currency Component in CZK, then it is debited from the main Currency Component of the Account, • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange Rate surcharge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange Rate surcharge is not charged). •The rules above for the conversion of currency, in which the transaction is made, will not be used for transactions made in the Dynamic Currency Conversion mode, if CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.5 For clearing of Credit Card transaction, for

CLEARING TRANSACTIONS. IX.1 At the moment when the Bank learns that the Card has been used to order a Payment Transaction, it typically reserves Funds in the Account for the amount specified by the Payment Order. If multiple currencies are held in the account, the reservation of Funds will be made in the currency designated as the primary currency. The Available Balance of the Account will be decreased by the amount of the reserved Funds. For Cards issued for both an Account held in domestic currency as well as a select foreign currency (foreign currency account) with- out the option of activating additional Currency Components, the reservation of Funds in domestic currency is made in the Account held in domestic currency, while Funds in a foreign currency are reserved in the appropriate foreign currency Account. If there is not a sufficient Available Balance in one of the Accounts, then the reservation of Funds will be made in the other Account. IX.2 The Bank will clear transactions carried out with the Card against an Account with foreign currency on the day of transaction clearanceclear- ance. The moment the Payment Order is accepted to carry out a transaction made with the Card is the Banking Day when the Bank receives the request for clearing the transaction (Payment Order) from the Merchant’s provider of payment services or a provider of payment services or a subject which operates an ATM or provides Cash Advance or Cash Back service with all information necessary for carrying out the Payment Transaction (hereinafter the “moment of transaction acceptance”). The time near the end of the working day is 4 pm for Payment Orders made with the Card. In the event that the Bank receives a Payment Order after the agreed time near the end of the working day, the Payment Order shall be considered to be accepted on the next Banking Day. The deadlines by which Funds will be credited to the account of the provider of payment services of the recipient are further specified in the Information on Payment Deadlines. IX.3 For Cards which are issued for Accounts withoutwithout the option of acti- vating additional Currency Components in a single Account, i.e. for separate Accounts held in CZK and in a select foreign currency: (i) Transactions are cleared in the Account in which the reservation of Funds was made. If such reservation was not made, the transaction transac- tion is cleared in CZK in the Account held in CZK while a transaction transac- tion in another currency will be cleared in the appropriate foreign currency Account, regardless of the available balance of the AccountAc- count. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt re- ceipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined by using the valid exchange rate as follows: • Amount debited from the Account = the amount in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined deter- mined in the Price list/the exchange rate for purchasing the currency curren- cy of the Account (DN), reduced by the Exchange Rate surcharge determined in the Price list (for CZK DP, DN=1). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card associationasso- ciation. • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange rate surcharge sur- charge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange rate surcharge is not charged). If the currency of the transaction is EUR, USD or GBP, the currency is not converted provided that the transaction amount is debited from an Account kept in the same currency as the currency of the transaction. The aforementioned rules for converting currencies in which transactions trans- actions are made are not used for transactions carried out using Dynamic Dy- namic Currency Conversion, on condition that CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.4 For Cards which are issued for Accounts with the option of activating additional Currency Components in a single Account: (( i) Transactions are debited from the active Currency Component of the Account that is the same as the currency of the transaction. If there are not enough Funds available in the designated Currency Component of the Account to clear the entire transaction amount, this Currency Component is debited up to the amount of the available avail- able Funds and the remaining amount is debited from the main Currency Component of the Account, regardless of the remaining balance of the Account expressed in the main Currency Component Compo- nent of the Account. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined using the specified exchange rate as follows: • The amount debited from the Account = the amount expressed in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined in the Price list /the exchange rate for purchasing the currency of the Account (DN), reduced by the Exchange Ex- change Rate surcharge determined in the Price list (for CZK DP, DN=1 and the Exchange Rate surcharge is not charged). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card association. • The amount thus determined is debited from the particular Currency Component of the Account kept in CZK, and if there is no active Currency Component in CZK, then it is debited from the main Currency Component of the Account, • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange Rate surcharge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange Rate surcharge is not charged). •The rules above for the conversion of currency, in which the transaction is made, will not be used for transactions made in the Dynamic Currency Conversion mode, if CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.5 For clearing of Credit Card transaction, for

CLEARING TRANSACTIONS. IX.1 At the moment when the Bank learns that the Card has been used to order a Payment Transaction, it typically reserves Funds in the Account for the amount specified by the Payment Order. If multiple currencies are held in the account, the reservation of Funds will be made in the currency designated as the primary currency. The Available Balance of the Account will be decreased by the amount of the reserved Funds.the IX.2 The Bank will clear transactions carried out with the Card against an Account with foreign currency on the day of transaction clearance. The moment the Payment Order is accepted to carry out a transaction made with the Card is the Banking Day when the Bank receives the request for clearing the transaction (Payment Order) from the Merchant’s provider of payment services or a provider of payment services or a subject which operates an ATM or provides Cash Advance or Cash Back service with all information necessary for carrying out the Payment Transaction (hereinafter the “moment of transaction acceptance”). The time near the end of the working day is 4 pm for Payment Orders made with the Card. In the event that the Bank receives a Payment Order after the agreed time near the end of the working day, the Payment Order shall be considered to be accepted on the next Banking Day. The deadlines by which Funds will be credited to the account of the provider of payment services of the recipient are further specified in the Information on Payment Deadlines. IX.3 For Cards which are issued for Accounts withoutwithout the option of activating additional Currency Components in a single Account, i.e. for separate Accounts held in CZK and in a select foreign currency: (i) Transactions are cleared in the Account in which the reservation of Funds was made. If such reservation was not made, the transaction is cleared in CZK in the Account held in CZK while a transaction in another currency will be cleared in the appropriate foreign currency Account, regardless of the available balance of the Account. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined by using the valid exchange rate as follows: • Amount debited from the Account = the amount in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined in the Price list/the exchange rate for purchasing the currency of the Account (DN), reduced by the Exchange Rate surcharge determined in the Price list (for CZK DP, DN=1). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card association. • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange rate surcharge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange rate surcharge is not charged). If the currency of the transaction is EUR, USD or GBP, the currency is not converted provided that the transaction amount is debited from an Account kept in the same currency as the currency of the transaction. The aforementioned rules for converting currencies in which transactions are made are not used for transactions carried out using Dynamic Currency Conversion, on condition that CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.4 For Cards which are issued for Accounts with the option of activating additional Currency Components in a single Account: (i) Transactions are debited from the active Currency Component of the Account that is the same as the currency of the transaction. If there are not enough Funds available in the designated Currency Component of the Account to clear the entire transaction amount, this Currency Component is debited up to the amount of the available Funds and the remaining amount is debited from the main Currency Component of the Account, regardless of the remaining balance of the Account expressed in the main Currency Component of the Account. For the purposes of clearing the transaction, the Exchange Rate determined by the List of Exchange Rates valid upon the receipt of the Payment Order to carry out the transaction adjusted for the Exchange Rate surcharge determined in the Price list. The amount cleared is determined using the specified exchange rate as follows: • The amount debited from the Account = the amount expressed in the currency of the transaction × the exchange rate for selling the currency of the transaction (DP) increased by the Exchange Rate surcharge determined in the Price list /the exchange rate for purchasing the currency of the Account (DN), reduced by the Exchange Rate surcharge determined in the Price list (for CZK DP, DN=1 and the Exchange Rate surcharge is not charged). (ii) Transactions carried out in a currency for which the Bank does not list an Exchange Rate are processed as follows: • The particular card association determines the amount in the clearance currency (i.e. CZK) from the amount and currency of the transaction by using the exchange rate increased by 2,5% declared by this card association. • The amount thus determined is debited from the particular Currency Component of the Account kept in CZK, and if there is no active Currency Component in CZK, then it is debited from the main Currency Component of the Account, • The amount debited from the Account = the amount determined in the clearance currency (i.e. CZK)/exchange rate for buying the currency of the Account (DN), reduced by the Exchange Rate surcharge determined by the Price list (if the Account current is CZK, then DN=1 and the Exchange Rate surcharge is not charged). •The rules above for the conversion of currency, in which the transaction is made, will not be used for transactions made in the Dynamic Currency Conversion mode, if CZK is the Account currency and there is enough Funds to carry out the transaction on the Account. IX.5 For clearing of Credit Card transaction, forfor which the Payment Order was made in different than the Account currency or currency of the active currency component, the exchange rates determined by the List of Exchange Rates applicable when the Payment Order to make such transaction adjusted for Exchange Rate surcharge is received will be used. The cleared amount using Exchange Rate above is determined as follows: