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MicroBank Limited

Currency
SECTION A - For Bank Use

Customer’s A/C No. New Amend

Branch

Referred By

MicroBank Limited
SECTION B - Customer Information

Full Name Of Organisation

Trade Of Company

Postal Address

Physical Address

Contact Person & Designtion

Cell No. Alternative Cell No.

Email Alternative Email

Website Fax

Company Reg No. Company Reg Date/Date of Incorporation

Form Of Ownership Registered Company Partnership Religious Body Club/Society Other

Other Accounts Held By InnBucks

SECTION C - Statement Frequency

Monthly Quarterly Other

Authorised Signatory Authorised Signatory

Full Name Full Name

Designation Designation
 SECTION D - Directors & Signatories Information

List Of Directors

Date Contact
Full Names Of Birth Nationality Details National I.D Sign

1.

2.

3.

4.

List Of Authorised Signatories

Date Contact
Full Names Of Birth Nationality Details National I.D Sign

1.

2.

3.

4.

SECTION E - Attachments

Please attach documents applicable to your organisation from the list below (tick applicable).

1. Copy of memorandum and articles of association 8. Tax clearance certificate

2. Certificate of incorporation/ certificate to commence business 9. CR5 document

3. Copy of rules, constitution, regulations, etc unincorporated bodies) 10. CR6 document

4. Partnerships agreement (partnership) 11. Board resolution

5. Trading licence (sole proprietorship) 12. Account opening mandate

6. Certified Copies of identity documents of directors/ signatories 13. Passport size photos for all directors & signatories

7. Proof of residence (e.g. ZESA or water bill) for directors/ signatories 14. Trust Deed
 SECTION F - Declaration of Applicant

We certify that the above information given in support of our application is correct and we understand that in the event that information supplied proves to be incorrect, or
the report of the bank’s financial clearing bureau is adverse, the bank reserves the right to decline this application.

We agree to provide any documents requested by the bank and agree to inform the bank should any of the above details change.

We understand and agree to abide by the bank’s minimun balance requirement and accept the right of the bank to compulsorily close the account(s) without notice. We
agree to be liable for any overdraft or debt which the bank may permit on our acccount(s) and confirm that should our account(s) overdraw without prior approval of the
bank, interest will be charged at the prevailing penalty interest rate and debited to our account.

Date

For And On Behlaf Of

Authorised Signatory Authorised Signatory

Full Name Full Name

Designation Designation

For Bank Use Only

Received by Signature Date

FCB Report Attached by Signature Date

Authorised by Signature Date

Branch Manager Signature Date

 Signing Arrangement Companies
MicroBank Limited

Date Branch

Dear Sir or Madam

MicroBank Limited
With reference to the Institutions company account mandate form dated*

we write to inform you that the terms of a resolution of the board of Directors dated

the signing arrangements of the company and the names of the persons authorised to sign on behalf of the company with effect from

until further notice in writing are set out below and we enclose specimens of their signature.

Name of company/Public Body

All documents will be signed by**

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

Full Name Signing Capacity

We certify that the above is a correct list & is in terms of a Resolution passed at a meeting held at

on Date

Chairman’s/Director’s Signature Full Name

 Bulk Payments Application
MicroBank Limited

Applicant Name

Full Trading Name

Branch

Type Of Batch Processing Services Required (Please Tick The Service Required)

MicroBank Limited
Salary Payments Enterprise Payments Loan Disbursements

Monthly Projections

Projected Volume Of Transactions

Projected Value Of Transactions

BULK PAYMENTS PROCESSING AGREEMENT

Made and entered into by and between

INNBUCKS MICROBANK LIMITED (Hereinafter called “IMB”)
of 2 Northridge Close, Northridge, Borrowdale, Harare
AND

……………………………………………………………

(Hereinafter called “the Client”)

WHEREAS: InnBucks MicroBank Ltd will receive the payment batch instruction
from the client to process on its Kineto system by crediting of the clients’ beneficiaries USD
based accounts. IMB and the client are entering into an agreement for IMB to process the aforementioned batch
payments on behalf of the client. IMB is not implicated in any form of liability whatsoever.

Now Therefore It Is Agreed As Follows:

1) T
 he client shall transfer funds to IMB with the total amount of the batch to be paid to the accounts of
the client’s beneficiaries as and when required to cover the batch amount together with the applicable
administration charges.

a) The batch payment files for the beneficiaries with IMB bank accounts will be processed as and when
received until 1600hrs on the same day.

b) The payment will not be processed if the batch is not adequately funded unless prior arrangements
have been made with the bank.

2) Indemnity And Undertaking By The Client

a) It is the responsibility of the client to ensure that all data contained in the corporate batch payments
instruction file is correct and accurate in all respects.

b) The client has administrative control of the channel used to deliver batches and should ensure that
only authorized personnel have access to the channel at all times.

c) In the event of any discrepancy occurring or being discovered between the amount paid and
amount due to the beneficiaries irrespective of whether such discrepancy arises by way of fraud ,
negligence or inadvertence on the part of an employee of either party to the agreement, the party
that caused the discrepancy, shall bear the loss suffered ,or to be suffered arising therefrom , and
that party hereby indemnifies the other and shall keep the other party –indemnified ,against any and
all claims by reason of such discrepancy , and shall reimburse the other on demand the amount of
such discrepancy.

Signature

Name Designation

Signed At on Date

For & on behalf of

 DECLARATION
MicroBank Limited Of Ultimate Beneficial Ownership

Account Name

Branch

The details of Ultimate Beneficial Owners (‘UBO’)

%
Full Names Address National I.D Shareholding Nationality
MicroBank Limited

1.

2.

3.

4.

5.

6.

7.

Note
1. Actual control is derived from explicit authority over the account and its assets or shares or capital or profits. For example, the named shareholder,
account holder or a signatory with authority to direct InnBucks MicroBank concerning the account and the account holder’s assets at his or her discretion
possesses actual control.

2. Control shall also include the right to appoint majority of the directors or to control the management or policy decisions including by virtue of their
shareholding or management rights or shareholders agreements or voting agreements.

3. Effective control may be derived from a level of ownership of the account assets or shareholding, or a role that allows an individual to exercise control
with respect to the account holder without a formal mandate. The determination that a particular individual has either actual or effective control, and
therefore, qualifies as a UBO, is based on the individual’s responsibilities with respect to the account holder, the level of authority and influence over the
account holder, and/or the vested ownership in the account holder or the account holder’s assets.

Note: Ultimate Beneficial Owner means the natural person who ultimately owns or controls a client and or the person on whose behalf a transaction is
being conducted, and includes a person who exercises ultimate effective control over a juridical person.

Yours faithfully

Name of Chair Of The Board

Signature on Date

Name of Company Secretary

Signature on Date

Name of Chief Executive Officer

Signature on Date
 INDEMNITY
MicroBank Limited For E-Mail and Electronic Instructions

The Manager, Branch

InnBucks MicroBank Ltd

Date

MicroBank Limited

Dear Sir/Madam,

I/We,………………………………………………………………………. (Hereinafter referred to as customer/s) hereby request InnBucks MicroBank Ltd to accept and to

execute instructions and/or give effect to requests made to the Bank, by e-mail or electronic instruction whether it is followed by written confirmation or

otherwise.

I/We authorize the following email address(es) 1

5
I /We hereby: which you shall make in accordance or purporting to be in accordance
a) Agree to keep you indemnified against all actions, proceedings, with the said instructions shall be upon me and shall be accepted
liability claims, losses,damages, costs and expenses in relation to or by me as conclusive evidence for the Bank to make such payment
arising out of the said instruction and to pay to you on demand all or comply with such demand and further that you may at any time
payments, losses, costs and expenses suffered or incurred by you in determine the said authority.
consequences thereof or arising out of such communication
f) I t is agreed that any transaction requested as aforesaid shall be subject
b) Agree that the Bank shall have no obligation or responsibility to: to the Bank’s current terms and conditions (where applicable) for
( 1) v erify the authenticity of any signature on any email or electronic the time being. It is further agreed that the faxed instructions or a
instruction photostat copy thereof shall be conclusive evidence of such faxed
(2) inquire as to the authority of any person purporting or claiming to instructions and this authority and indemnity shall not be prejudiced
be the customer or any employee, attorney, agent or representative by any confirmation or other communication relating to such faxed
of the customer. instructions or by the absence thereof.

c) Irrevocably authorise you to debit my account with all such payments, g) The Customer expressly agrees that electronic media such as emails
losses, costs and expenses and digital platforms are not completely secure and are channels of
communication prone to error at any given time.
d) Irrevocably authorise you to process my requests, instruction or
applications and comply with any demands which may be claimed h) Notwithstanding the foregoing, the Bank may at any time at its
from or made upon you under the said instruction without any absolute discretion decline to execute any instruction or request
reference to or further authority from me. given or to accept any offer made by email which is not followed by
written or telex confirmation, notwithstanding that at the time of such
e) I further agree that it shall not be incumbent upon you to enquire instructions or request or offer the employee of the Bank receiving
whether or not any such instructions, requests, applications such instruction or request or offer may have indicated assent to
or demands claimed from or made upon you under the said carry out the same. The authority and indemnity shall be read and
instruction/s are in fact due, true or correct, and further agree that any construed according to the laws of Zimbabwe.

Signed At on Date

Full Name Signature

Designation

WITNESSES

1) Name Signature

2) Name Signature
 Company Account Mandate
MicroBank Limited

Date Currency

Name Of Company

Address

MicroBank Limited

To The Manager Branch

Dear Sir

We, the applicant, inform you that at a meeting of the Directors of this Company held at

on the

the following resolutions were passed:

• That for the purpose of opening such accounts InnBucks MicroBank Ltd (the Institution) be supplied with a list of signing officials of this
Company and that any changes from time to time in the list of signing officials be notified to the Institution in writing by a copy of Resolution
authorising the change, certified by the Chairman and Secretary, any such change becoming effective from date of acknowledgement by the
Institution.

• That the Bank be and is hereby empowered and requested to honour all cheques, promissory notes, bills of exchange and other negotiable
instruments purporting to be drawn, accepted, endorsed or made on behalf of this by authorised signing officials of the Company accounts
and all other documents similarly signed in connection with usual Banking transactions including, amongst others, the lodging withdrawal of
any monies on fixed deposits or on savings accounts, the hypothecation pledging or cession by the Company of its assets, and the issue of the
letters of credit, drafts and transfers.

• That the Institution is authorised to debit the account from time to time with all costs, expenses, charges, fees, commissions and disbursements
consistent with Banking practise.

You are accordingly requested to open an Account in the name of this Company at your Branch.

We hand to you for inspection and return, the certificate of Incorporation of this Company.

We also hand to you for retention a certified copy of our Memorandum and Articles of Association and we undertake to forward certified copies of all
special resolutions passed by the Company as soon as they are registered with the Register of Companies.

We append the list of signing officials mentioned in resolution No. 2 above the relative specimen signature cards.

Yours faithfully

Chairman’s Secretary’s
Signature Signature

Full Name Full Name

Specimen Signatures, NB One Signature Per Signatory

A B

National I.D No. National I.D No.

Full Name Full Name

Designation Designation

C D

National I.D No. National I.D No.

Full Name Full Name

Designation Designation

E F

National I.D No. National I.D No.

Full Name Full Name

Designation Designation

G H

National I.D No. National I.D No.

Full Name Full Name

Designation Designation

Signing Instructions

Date