Common use of CUSTOMERINFORMATION AND PERSONAL DATA PROCESSING Clause in Contracts

CUSTOMERINFORMATION AND PERSONAL DATA PROCESSING. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the information submitted to the bank by the client (includinginformation on its entrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entrepreneurialtiavcity. 7.1.1 The client declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a customer's obligations, or the customer's property and/or assets; 7.1.1.3 he/she will not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligations, and does not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/▇▇▇▇▇▇▇▇ agrees that the bank provide the third party with information on the current liabilities/duties of the customer/borrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 he/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject to punishment under the Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before the execution of this Agreement and/or during the validity period hereof, the Client and/or the Persons affiliated therewith (including, for the purposes of this paragraph, any person that, according to the %DQN¶V DVVHVVPHQW aDrdQtoGth eLpuQrpWosHeUof thDe OsaLncDtio n( s)Z, mLaWy hKa veUanHiJnfluence on the person in question, or his/her/its decision(s), and/or directly or indirectly hold and/or control that person by way of close business, personal or other connections:

CUSTOMERINFORMATION AND PERSONAL DATA PROCESSING. 7.1 The client declares that at the moment of receipt of its application by the bank as per paragraph 1.2 hereof the information submitted to the bank by the client (includinginformation including information on its entrepreneurial itsentrepreneurial activity, its status as a taxpayer) is authentic, accurate, complete and exhaustive. The client shall immediately notify the bank of any change in its identification data, contact information, status or entrepreneurialtiavcityentrepreneurial activity. 7.1.1 The client declares and confirms that: 7.1.1.1 he/she is duly authorized to conclude and execute this contract; 7.1.1.2 he/she is not involved in any court proceedings (as a plaintiff, defendant or a third party) that endangers fulfillment of a customer's obligations, or the customercustoemr's property and/or assets; 7.1.1.3 he/she will not refuse to fulfill the obligations provided for by this contract, also will not transfer his/her obligations to a third party. In addition, this provision does not stipulate that the customer/borrower shall personally fulfill the obligations, and does not exclude the bank's right to accept the performance proposed by a third party and for these purposes, the customer/▇▇▇▇▇▇▇▇ agrees that the bank provide the third party with information on the current liabilities/duties of the customer/borrower. 7.1.1.4 Upon concluding this contract, he/she is not mislead, cheated or exposed to the violence or threat applied against him/her; 7.1.1.5 he/she is aware that provision of false and/or incorrect (irrelevant to the truth) to the bank is subject iusbjsect to punishment under the Criminal Code of Georgia and constitutes sufficient grounds for the termination of this contract. 7.1.1.6 Anytime before the execution of this Agreement and/or during the validity period hereof, the Client and/or the Persons affiliated affiliaet d therewith (including, for the purposes of this paragraph, any person that, according to the %DQN¶V DVVHVVPHQW aDrdQtoGth eLpuQrpWosHeUof thDe OsaLncDtio n( s)Z, mLaWy hKa veUanHiJnfluence on the DQG LQWHU ▇▇▇▇ ZLWK UHJDUG WR WKH person in question, or his/her/its decision(s), and/or a/nodr directly or indirectly hold and/or control that person by way of close business, personal or other connections: