Common use of Phase 3 Clause in Contracts

Phase 3. Selected Program fintechs enter the Main Program Curriculum The Selection Jury may select startups on the basis of the following qualitative criteria: ● the Candidates' Product/Solution relevancy to the defined market challenges ● the Product/Solution market novelty ● the teams’ entrepreneurial spirit ● there is a founder who will be in charge for driving the potential engagements with Visa/Visa Clients The selected Program fintechs shall be granted the opportunity to participate in the Program sessions and Design Sprints in order to enhance, improve or modify their product/solution to address the defined market challenges. The decision of the Selection Jury shall be deemed final. By being selected by the Selection Jury and upon agreement to participate in the Program, each Program fintech shall make his team physically/online available to participate in the Program’s Sessions and Design Sprints. By entering the Program the selected Program fintechs should sign an NDA with the Organizer and comply with its constitutes.

Phase 3. Selected Program fintechs enter the Main Program Curriculum The Selection Jury may select up to 10 startups on the basis of the following qualitative criteria: ● the Candidates' Product/Solution relevancy to the defined market challenges ● the Product/Solution market novelty ● the teams’ entrepreneurial spirit ● there is a founder who will be in charge for driving the potential engagements with Visa/Visa Clients The selected Program fintechs shall be granted the opportunity to participate in the Program sessions and Design Sprints in order to enhance, improve or modify their product/solution to address the defined market challenges. The decision of the Selection Jury shall be deemed final. By being selected by the Selection Jury and upon agreement to participate in the Program, each Program fintech shall make his team physically/online physically available to participate in the Program’s Sessions and Design Sprints. By entering the Program the selected Program fintechs should sign an NDA with the Organizer and comply with its constitutes.

Phase 3. Selected Program fintechs enter the Main Program Curriculum The Selection Jury may select up to 12 startups on the basis of the following qualitative criteria: ● the Candidates' Product/Solution relevancy to the defined market challenges ● the Product/Solution market novelty ● the teams’ entrepreneurial spirit ● there is a founder who will be in charge for driving the potential engagements with Visa/Visa Clients The selected Program fintechs shall be granted the opportunity to participate in the Program sessions and Design Sprints in order to enhance, improve or modify their product/solution to address the defined market challenges. The decision of the Selection Jury shall be deemed final. By being selected by the Selection Jury and upon agreement to participate in the Program, each Program fintech shall make his team physically/online available to participate in the Program’s Sessions and Design Sprints. By entering the Program the selected Program fintechs should sign an NDA with the Organizer and comply with its constitutes.