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ABC Easy Loans (Private) Limited trading as BancEasy a registered microfinance institution established and existing under the laws of Zimbabwe and having its registered corporate office at Shop 7, Zimre Centre, Leopold Takawira, Harare(hereinafter referred to as 'THE LENDER' which expression, unless repugnant to the context or meaning here of, shall include its successor(s), administrator(s) or permitted assignee(s

/ in his/her capacity as the Borrower whose details are as follows;

I/Borrower

a) warrant that information furnished is true and correct and undertake to inform BancEASY of any changes thereto as well as any facts or circumstances in future that may impact my legal status as a Borrower of BancEASY;

b)indemnify BancEASY against any liability for any loss or damage suffered by me as a result of inaccurate or incomplete information contained herein;

c) agree to the terms and condition governing the Facility and agree to abide by them and such other rules which may come into force from time to time;

d) authorise BancEASY to make any independent information verification and generally make whatever enquiries it deems necessary from any source whatsoeverandmay supply information regarding the Facility and my compliance to otherwise with the terms and conditions of BancEASY, to other banks or any Credit Bureau, subject to any applicable legislation, Code of Conduct or Practice; understandthatin the event of any information proving to be inaccurate, BancEASY reserves the right to decline this application without disclosing the reasons

e) thereof; acknowledge and declare that all information I have provided in this Agreement, and all documentation provided in support of my application, is true and correct; and

f) I have not provided any false, inaccurate, fictituous and/or invalid information in this Agreement, nor have I forged any documents provided toBancEASYinsupportof this application; understand, consent and acknowledge that notwithstanding a change in the currency or legal tender in use in Zimbabwe, the loan shall be repayable in the currency in g) which it was loaned, specifically United States Dollars (USD); hereby acknowledge and agree that a certificate under the hand of any director of BancEASY as to the existence and the amounts of the indebtedness of the Borrower

h) to BancEASY at any time, as to the fact that such amount is due and payable, the amount and interest accrued thereon and as to any other fact, matter or thing relating to the indebtedness of the Borrower to BancEASY, shall be prima facie proof of the contents and correctness thereof and of the amounts of the Borrower's indebtedness for the purpose of provisional sentence or summary judgment or any other proceedings against the Borrower in any competent court, and shall be valid asa liquid document for such purposes. Such a certificate shall be deemed to be of sufficient particularity for the purpose of pleading or trial in any action or other proceedings instituted by BancEASY against the Borrower;

i) hereby confirm that I have not taken out credit life insurance cover, and hereby consent and agree to be covered by the insurance cover that BancEASY takes out with the Insurance Company of its choosing. In the event that I do have credit life insurance cover at the time of signing this Agreement, I undertake to furnish BancEASY with the full particulars of this insurance cover(name of insurer, type of insurance, commencement date, premiums payable); and further undertake to ensure that as part of my obligations under this Agreement, I cede my rights in terms of this existing insurance cover to BancEASY and assist BancEASY in liaising with my insurance company for the purposes of noting BancEASY's cession and interest on this insurance policy;

j) by appending my signature hereto undertake that I agree to the terms and conditions contained in this Agreement, of which I have read and understood the meaning thereof;

Early Loan Contract Termination Fees

The Borrower has the option to pay up the loan earlier than the maturity date.

1 BancEASY is a registered Microfinance Insitution which is separate from African Banking of Zimbabwe Limited ("BancABC" For any queries or complaints, kindly direct them to BancEASY officials.

2 The terms and conditions highlighted on the Agreement form can be explained in the Borrower's local language/ language of preference upon request of the Borrower.

3 BancEASY reserves the right to decrease the instalment amount and increase the tenor or number of instalments of the loan (rescheduling) to ensure loan performance.

4 An applicant who misrepresents on his/her capacity to repay this loan or provides any false, inaccurate, fictitious, and/or invalid information contained herein shall be deemed as having committed fraud ,which is a criminal offence as provided in terms of Section 136 of the Criminal Law (Codification and Reform) Act [Chapter 9:23], and shall be prosecuted accordingly.

5 Subject to the laws of Zimbabwe, the Borrower voluntarily, without any force or coercion cedes his rights over his terminal benefits and/or severance package to BancEASY to the extent of any amounts owing on this loan and authorises BancEASY to be a preferred creditor over the disbursement of his terminal benefits and/or severance package upon his death, resignation and/or termination of his employment contract with his employer.

6 A fee equivalent to 1 month's instalment will be charged on loan cancellation.

I, the undersigned, request and authorise my Employer named above to deduct from my monthly salary the amounts due and payable by me at any particular time, and pay the amount so deducted to BancEASY as repayment on a loan facility issued by BancEASY to me. I further understand that this is an irrevocable instruction and cannot be cancelled by me until all amounts due have been paid to BancEASY.

Should my employer for any reason, not deduct any of the amounts in terms of this request, I shall consider the amounts unpaid and if due undertake to pay BancEASY such sums. I further understand and undertake that BancEASY will receive all payments in terms of this request without prejudice to its rights for recovery of amounts owed, and shall regard the receipt of this request by BancEASY as receipt of the same by my said employer.

SALARY DEDUCTION AUTHORISATION FORM