Whereas the Customer requested the Company, as defined below, to provide him with payment management services in accordance with the agreement he signed or approved in this regard (hereinafter – the Payment Services Agreement);

And whereas in accordance with the Payment Services Agreement and subject to its provisions, the Customer shall maintain a personal account with the Company as defined therein;

And whereas among the options for depositing funds into the User’s personal account at the Company is the option of deposit by means of a transaction on the Customer’s debit card (hereinafter – Self-Charge);

And whereas the Customer requested the Company to enable him to deposit into his personal account funds originating from Self-Charge, while executing an installment-payment transaction and providing immediate advance credit to the Customer’s account in the full amount (hereinafter – Payment Advance);

And whereas, in addition, the Customer requested the Company to enable him to make payment to another personal account holder, while executing an installment-payment transaction on the Customer’s personal debit card and providing immediate advance credit to the other account holder in the full transaction amount (hereinafter – Payment Installment);

Therefore, the parties have agreed and stipulated as follows:

1. The preamble to this Agreement constitutes an integral part thereof.
2. All definitions in the Payment Services Agreement shall apply also to this Agreement.
3. The Company shall enable the Customer, if he so requests and subject to its full and absolute discretion, to perform a Payment Advance operation as defined above. The Company’s decision whether to permit such a transaction shall be made in respect of each request and operation separately, without the Company being required to justify its decision if it decides not to permit such an operation. The Customer declares that in his engagement with the Company under the Payment Services Agreement and this Agreement for Payment Advance, he does not in any way rely on this possibility, and shall not make any claim against the Company in this regard.
4. A Payment Advance operation constitutes a loan that the Company shall extend to the User, in respect of which the Customer shall pay the Company interest at the rate specified in the appendix to this Agreement. Each Payment Advance operation shall constitute a separate loan whose term is from the date of execution of the operation until the date on which the last payment in the series of payments relating to it is received by the Company.
5. In Payment Advance and Payment Installment operations as defined above, the interest in respect of the operation shall be paid by the Customer in advance, and his debit card shall be charged for it on the date of execution of the transaction. The Customer’s personal account, or the account of the other account holder to whom the amount is paid, as the case may be, shall be credited with the full transaction amount, less the amount paid by the Customer in respect of the interest. The Customer’s debit card at the issuer shall be charged with the full amount including the interest payment. Upon execution of such operations, prior to the final approval of the operation, an SMS shall be sent to the Customer including full details concerning the transaction, including interest rates and payment amounts, and the Customer shall be required to confirm his consent to the details prior to the execution of the transaction and as a condition thereto.
6. The interest rate may change from time to time according to the Company’s decision and sole discretion. Notice of a change in interest shall be given to the Customer in the Application, and shall take effect immediately on the business day following the giving of the notice.
7. Securities provided by the Customer to the Company under the Payment Services Agreement shall serve the parties also to secure the Customer’s commitments to the Company under this Agreement, including provisions concerning lien and set-off.
8. The Company shall be entitled to call the loans granted to the Customer pursuant to this Agreement, in whole or in part, for immediate repayment, in any case in which the Customer has breached the provisions of the Payment Services Agreement and/or this Agreement, and/or in any case in which under the Payment Services Agreement the Company is entitled to terminate the engagement with the Customer immediately and permanently or freeze it for a limited period.
9. Disclosure

In accordance with the provisions of the law, the following details are brought to the Customer’s attention. In the event of any contradiction between the details below and a specific notice regarding the transaction details that shall be sent to the Customer prior to its execution, the specific notice shall prevail.

Company holding the credit license (Lender)	I.C.P. Finance Ltd., Reg. No. 511089526
Company address and contact details	Metzada 9, B.S.R. 3, Bnei Brak, 03-6226100
Identity of the entity supervising the licensee’s activity	Capital Market, Insurance and Savings Authority; Securities Authority
Loan amount and loan term	According to the operation details and as shall be specified in the notice sent prior to its execution
Date of actual extension of the loan	Date of execution of the operation by the Customer
Amount the borrower shall receive	The operation amount less the interest, as shall be specified in the notice sent prior to its execution (except in a credit transaction – see clause 6 of the contract)
Amount the borrower shall pay by the end of the loan term in excess of the credit amount received (excluding indexation)	As shall be specified in the notice sent prior to its execution
Total to be paid by the end of the term (excluding indexation)	As shall be specified in the notice sent prior to its execution
Payment details	According to the operation details and as shall be specified in the notice sent prior to its execution
Nominal interest rate	Fixed interest at a rate of 12.8% (correct as of the date of presentation of this document, annual calculation)
Adjusted interest rate	Fixed interest at a rate of 13.58% (correct as of the date of presentation of this document, annual calculation, taking compound interest into account)
Actual cost rate of the credit	13.58% (in accordance with the definition in section 1 of the Fair Credit Law)
Maximum cost rate of the credit	18.5% for transactions of more than 3 months; 23.5% for transactions of up to 3 months (correct as of the date of presentation of this document)
Indexation	None
Fees and incidental expenses for the extension of the credit	None (excluding expenses that are part of the debt-collection process)
Default interest	None
Maximum default interest rate	22.2% for transactions of more than 3 months; 28.2% for transactions of up to 3 months (correct as of the date of presentation of this document)
Existence of a right of early repayment and its conditions	None
Measures, under the law and the contract, that the licensee is entitled to take for non-payment on time, and the conditions for taking these measures, as well as the conditions for calling a loan for immediate repayment	Calling for immediate repayment and realization of securities (promissory note, set-off, lien, realization of guarantees)