Payment Installment Agreement

Whereas, the customer requested that
the company, as defined below, provide him with payment management services in
accordance with the agreement he signed or approved in this regard
(hereinafter: the Payment Services Agreement);

Whereas, pursuant to the Payment
Services Agreement and subject to its provisions, the customer maintains a
personal account with the company as defined therein;

Whereas, among the options for
depositing funds into the user’s personal account with the company is a deposit
by means of a transaction charged to the customer’s debit card (hereinafter: Self-Charge);

Whereas, the customer requested that
the company allow him to deposit funds into his personal account originating
from a Self-Charge transaction carried out in installments, with immediate
advance crediting of the customer’s account for the full amount (hereinafter: Advance
of Payments);

Whereas, the customer additionally
requested that the company allow him to make a payment to another personal
account holder, by means of a transaction charged to the customer’s personal
debit card in installments, with immediate advance crediting of the other account
holder for the full transaction amount (hereinafter: Installment Payment);

Therefore, it is agreed and stipulated between
the parties as follows:

1. The preamble to this
   agreement constitutes an integral part hereof.
2. All definitions set forth
   in the Payment Services Agreement shall also apply to this agreement.
3. The company shall allow
   the customer, upon request and subject to its full and absolute
   discretion, to perform an Advance of Payments transaction as defined
   above. The company’s decision whether to allow such a transaction shall be
   made separately for each request and transaction, and the company shall
   not be required to provide reasons for its decision should it decide not
   to allow such a transaction. The customer declares that in entering into
   the Payment Services Agreement and this Advance of Payments Agreement, he
   does not rely in any manner on the availability of this option and shall
   have no claim against the company in this regard.
4. An Advance of Payments
   transaction constitutes a loan granted by the company 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 Advance of Payments
   transaction shall constitute a separate loan, the term of which shall be
   from the date of execution of the transaction until the date on which the
   final payment in the relevant installment series is received by the
   company.
5. In Advance of Payments
   and Installment Payment transactions as defined above, the interest
   payable in respect of the transaction shall be paid by the customer in
   advance, and his debit card shall be charged accordingly at the time the
   transaction is executed. The customer’s personal account, or the account
   of the other account holder to whom the payment is made, as applicable,
   shall be credited with the full transaction amount less the amount paid by
   the customer in respect of interest. The customer’s debit card with the
   issuer shall be charged with the full amount, including the interest
   payment. Prior to final approval of such transactions, the customer shall
   receive an SMS message including full details of the transaction,
   including interest rates and payment amounts, and the customer shall be
   required to confirm his consent to these details as a condition for
   executing the transaction.
6. The interest rate may be
   updated from time to time at the company’s sole discretion. Notice of any
   change in the interest rate shall be provided to the customer via the
   application, and such change shall take effect immediately on the business
   day following the notice.
7. Securities provided by
   the customer to the company under the Payment Services Agreement shall
   also serve to secure the customer’s obligations toward the company under
   this agreement, including provisions regarding lien and setoff.
8. The company shall be
   entitled to demand immediate repayment of the loans granted to the
   customer under this agreement, in whole or in part, in any case where the
   customer breaches the provisions of the Payment Services Agreement and/or
   this agreement, and/or in any case where, under the Payment Services
   Agreement, the company is entitled to immediately and permanently
   terminate the engagement with the customer or suspend it for a limited
   period.
9. Disclosure
   In accordance with the provisions of law, the following details are
   brought to the customer’s attention. In the event of any inconsistency
   between the details set forth below and a specific notice regarding
   transaction details sent to the customer prior to execution, the
   provisions of the specific notice shall prevail.