Common use of Client Acknowledgement Clause in Contracts

Client Acknowledgement. 4.1 You acknowledge that: 4.1.1 You have been urged to seek such independent advice as You consider necessary before signing The Agreement. 4.1.2 CFSL source funding from a panel of lenders. Details of the funders on this panel will be provided on request. In this role, CFSL are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You. CFSL is not Your agent or otherwise acting on Your behalf, and there is no duty upon CFSL to provide you with impartial advice, information, or recommendation. 4.1.3 We may receive Commission from the Lender as well as receiving Fees separately from You pursuant to clause 3.1, 3.2 and 5.1 of The Agreement; for the avoidance of doubt these sums are subject to the terms of Our arrangements with the Lender who pays that Commission and will not be refundable unless agreed as per clause 3.2 4.1.4 You have read The Brokers terms and conditions set out below and agree that they form part of this agreement. 4.2 You consent that; You agree to pay the Fees. 4.2.1 You are aware that CFSL may receive Commission from a Lender for introducing You to them, and You have no objections to CFSL receiving this amount. If you wish to receive any further information concerning Commission paid to CFSL by the Lender, please let CFSL know in writing. 4.2.2 You are aware that CFSL are required to disclose the nature of Commission in Our communications, as well as when making a recommendation to You. The existence and nature of Commission arrangements where the Commission varies depending on the Lender, product or other permissible factors will always be disclosed. The disclosure will also cover how the arrangements could affect CFSL’s recommendations to You. Such disclosures will be made in Our Suitability Letter issued to You.

Client Acknowledgement. 4.1 You acknowledge that: 4.1.1 You have been urged to seek such independent advice as You consider necessary before signing Our Quotation & Provisional Acceptance and entering in to The Agreement. 4.1.2 CFSL We source funding Lending Proposal(s) from a panel an unrestricted number of lenders. Details of the funders on this panel will be provided on requestLenders. In this role, CFSL We are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You. CFSL is We are not Your agent or otherwise acting on Your behalf, and there is no duty upon CFSL Us to provide you with impartial advice, information, information or recommendation. On occasion We may choose to provide a Finance Offer where We are the Lender. 4.1.3 We may will receive Commission from the Lender as well as receiving Fees separately from You pursuant to clause 3.1, 3.2 and 5.1 of The Agreement; for the avoidance of doubt these sums are subject to the terms of Our arrangements with the Lender who pays that Commission and will not be refundable unless agreed as per subject to the refund arrangements in clause 3.23.3 above. 4.1.4 You have read The Brokers terms and conditions set out below and agree that they form part of this agreement. 4.1.5 Where the Finance Offer is on a lease basis (either finance lease, fixed term hire, minimum term rental, operating lease or similar): (i) You will usually need to serve notice to the Lender(s) to end the contract after the minimum period and (ii) title of the assets at the end of the lease does not automatically pass to You. At the end of the lease agreement, We or the Lender(s) may offer some/all of the following options (i) You continue leasing the equipment and continue making payments, ii) You return the equipment to Us or the Lender(s) and/or (iii) You purchase the equipment from Us for an additional payment. 4.2 You consent that; You agree to pay the Fees.: 4.2.1 You are aware that CFSL may We will receive Commission from a Lender for introducing You to them, and You have no objections to CFSL Us receiving this amount. Whichever Lender You choose We receive commission from them (either a fixed fee of fixed % of the amount you borrow) and different Lenders pay different rates. For certain ▇▇▇▇▇▇▇, we do have influence over the interest rate, and this can impact the amount you pay under the Finance Agreement. If you wish to receive any further information concerning Commission paid to CFSL us by the Lender, please let CFSL Us know in writing. 4.2.2 You are aware that CFSL are required Where the Commission we receive from a Lender is up to disclose and including 5% of the nature of Commission in Our communicationsamount lent, as well as when making We may charge a recommendation Fee to You, in which case this will be clearly detailed on Our Quotation & Provisional Acceptance. The existence and nature of Commission arrangements where Where the Commission varies depending on we receive from a Lender is above 5% of the Lenderamount lent, product or other permissible factors We will always be disclosed. The disclosure will also cover how the arrangements could affect CFSL’s recommendations to You. Such disclosures will be made in Our Suitability Letter issued not charge a Fee to You.

Client Acknowledgement. 4.1 You acknowledge that: 4.1.1 You have been urged to seek such independent advice as You consider necessary before signing Our Quotation & Provisional Acceptance and entering in to The Agreement. 4.1.2 CFSL We source funding Lending Proposal(s) from a panel an unrestricted number of lenders. Details of the funders on this panel will be provided on requestLenders. In this role, CFSL We are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You. CFSL is We are not Your agent or otherwise acting on Your behalf, and there is no duty upon CFSL Us to provide you with impartial advice, information, information or recommendation. 4.1.3 We may receive Commission from the Lender as well as receiving Fees separately from You pursuant to clause 3.1, 3.2 and 5.1 of The Agreement; for the avoidance of doubt these sums are subject to the terms of Our arrangements with the Lender who pays that Commission and will not be refundable unless agreed as per subject to the refund arrangements in clause 3.23.3 above. 4.1.4 You have read The Brokers terms and conditions set out below and agree that they form part of this agreement. Claratus_ToB_v1-July21 Page | 4 4.1.5 Where the Finance Offer is on a lease basis (either finance lease, fixed term hire, minimum term rental, operating lease or similar): (i) You will usually need to serve notice to the Lender(s) to end the contract after the minimum period and (ii) title of the assets at the end of the lease does not automatically pass to You. At the end of the lease agreement, We or the Lender(s) may offer some/all of the following options (i) You continue leasing the equipment and continue making payments, ii) You return the equipment to Us or the Lender(s) and/or (iii) You purchase the equipment from Us for an additional payment. 4.2 You consent that; You agree to pay the Fees.: 4.2.1 You are aware that CFSL We may receive Commission from a Lender for introducing You to them, and You have no objections to CFSL Us receiving this amount. If you wish to receive any further information concerning Commission paid to CFSL us by the Lender, please let CFSL Us know in writing. 4.2.2 You are aware that CFSL are required Where the Commission we receive from a Lender is up to disclose and including 5% of the nature of Commission in Our communicationsamount lent, as well as when making We may charge a recommendation Fee to You, in which case this will be clearly detailed on Our Quotation & Provisional Acceptance. The existence and nature of Commission arrangements where Where the Commission varies depending on we receive from a Lender is above 5% of the Lenderamount lent, product or other permissible factors We will always be disclosed. The disclosure will also cover how the arrangements could affect CFSL’s recommendations to You. Such disclosures will be made in Our Suitability Letter issued not charge a Fee to You.

Client Acknowledgement. 4.1 You acknowledge that: 4.1.1 You have been urged to seek such independent advice as You consider necessary before signing Our Quotation & Provisional Acceptance and entering in to The Agreement. 4.1.2 CFSL We source funding Lending Proposal(s) from a panel an unrestricted number of lenders. Details of the funders on this panel will be provided on requestLenders. In this role, CFSL We are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You. CFSL is We are not Your agent or otherwise acting on Your behalf, and there is no duty upon CFSL Us to provide you with impartial advice, information, information or recommendation. On occasion We may choose to provide a Finance Offer where We are the Lender. 4.1.3 We may will receive Commission from the Lender as well as receiving Fees separately from You pursuant to clause 3.1, 3.2 and 5.1 of The Agreement; for the avoidance of doubt these sums are subject to the terms of Our arrangements with the Lender who pays that Commission and will not be refundable unless agreed as per subject to the refund arrangements in clause 3.23.3 above. 4.1.4 You have read The Brokers terms and conditions set out below and agree that they form part of this agreement. 4.1.5 Where the Finance Offer is on a lease basis (either finance lease, fixed term hire, minimum term rental, operating lease or similar): (i) You will usually need to serve notice to the Lender(s) to end the contract after the minimum period and (ii) title of the assets at the end of the lease does not automatically pass to You. At the end of the lease agreement, We or the Lender(s) may offer some/all of the following options (i) You continue leasing the equipment and continue making payments, ii) You return the equipment to Us or the Lender(s) and/or (iii) You purchase the equipment from Us for an additional payment. 4.2 You consent that; You agree to pay the Fees.: 4.2.1 You are aware that CFSL may We will receive Commission from a Lender for introducing You to them, and You have no objections to CFSL Us receiving this amount. Whichever Lender You choose We receive commission from them (either a fixed fee of fixed % of the amount you borrow) and different Lenders pay different rates. For certain Lenders, we do have influence over the interest rate and fees, and this can impact the amount you pay under the Finance Agreement. If you wish to receive any further information concerning Commission paid to CFSL us by the Lender, please let CFSL Us know in writing. 4.2.2 You are aware that CFSL are required Where the Commission we receive from a Lender is up to disclose and including 5% of the nature of Commission in Our communicationsamount lent, as well as when making We may charge a recommendation Fee to You, in which case this will be clearly detailed on Our Quotation & Provisional Acceptance. The existence and nature of Commission arrangements where Where the Commission varies depending on we receive from a Lender is above 5% of the Lenderamount lent, product or other permissible factors We will always be disclosed. The disclosure will also cover how the arrangements could affect CFSL’s recommendations to You. Such disclosures will be made in Our Suitability Letter issued not charge a Fee to You.

Client Acknowledgement. 4.1 You By executing this Agreement, you acknowledge that: 4.1.1 You have been urged to seek such independent advice as You consider necessary before signing The this Agreement. 4.1.2 CFSL We will source funding Finance Offers from a panel of lenders. Details of the funders on this panel lenders whose names will be provided on supplied upon request. In this role, CFSL We are doing no more than effecting an introduction between You and the Lender(s) to enable You to choose a Finance Product which, in your sole opinion, is suitable for You. CFSL is We are not Your agent or otherwise acting on Your behalf, and there is no duty upon CFSL Us to provide you with impartial advice, information, information or recommendationany recommendation relating to a Finance Product. 4.1.3 We may receive a Commission from the Lender for introducing You to them in relation to the funding set out in the Finance Offer, the commission that we receive from our lenders will affect the total amount of finance you pay, as well as receiving Fees separately from You pursuant to clause clauses 3.1, 3.2 and 5.1 of The this Agreement; for . For the avoidance of doubt these sums are any payment of Commission is subject to the terms of Our arrangements with the Lender who pays that Commission and will not be refundable unless agreed as per subject to the refund arrangements in clause 3.2 4.1.4 You have read The Brokers terms and conditions set out below and agree that they form part of this agreement. 4.2 You consent that; You agree to pay the Fees. 4.2.1 You are aware that CFSL may receive Commission from a Lender for introducing You to them, and You have no objections to CFSL receiving this amount3.3 above. If you wish to receive any further information concerning any Commission paid to CFSL us by the LenderLender (including the amount of such Commission), please let CFSL Us know in writing. 4.2.2 4.1.4 You have read the Broker’s Terms and Conditions set out in Schedule 1 and agree that they form part of this Agreement. 4.2 You consent that You agree to pay the Fees in accordance with the terms of this Agreement. 4.3 For Regulated Transactions only, You are aware that CFSL We are required to disclose the nature of the payment of any Commission in Our communications, as well as when making a recommendation to You. The existence and nature of Commission commission arrangements where the Commission varies depending on the Lender, product or other permissible factors will always be disclosed. The disclosure will also cover how the arrangements could affect CFSL’s Our recommendations to You. Such disclosures will be made in Our Suitability Letter issued to You. 4.4 You are aware that We may receive Commission from referring You to an Ancillary Service for introducing You to them, and You have no objections to Us receiving this amount. If You wish to receive any further information concerning any Commission paid to Us by any third-party Ancillary Service, please let Us know in writing. 4.5 Commission paid to Us may vary in amount depending on the Lender or product. Where the nature of any financial arrangement, including the amount of any Commission or any other type of remuneration is known, in advance of Us promoting or recommending a particular Lender or Finance Product, this information will be disclosed to You. 4.6 Having acknowledged the matters set out under this clause 4, You hereby consent to Us receiving and retaining any Commission paid.