This Agreement entered into between the MCBDirect Business customer (hereinafter called "the Customer") and Maduro & Curiel's Bank N.V. (hereinafter called "the Bank") is to define the terms and conditions, which govern the use of MCBDirect Business.

Definitions:

MCBDirect Business:
This is a secured website which the Customer can log on to make use of the following services offered:

1. Balance inquiry on account types made available on MCBDirect Business by the Bank.
2. Transaction History inquiry on Current, Savings and Credit Card Accounts.
3. Downloading of Transaction History on Current, Savings and Credit Card Accounts in the following industry-standard formats:

a. Comma Separated Values (CSV)
b. Data Interchange Format (DIF)
c. Quicken Import File (QIF)
d. Open Financial Exchange (OFX)

4. View online statements of account types made available on MCBDirect Business by the Bank.
5. Inquiry on the status of checks.
6. Make transfers within the Customer’s own Current and Savings Accounts.
7. Make payments to the following type of beneficiaries:

a. From a pre-defined global list of beneficiaries at the Bank.
b. Those beneficiaries created and maintained by the Customer on his own. The beneficiaries can be customers of the Bank or can bank anywhere, either locally or internationally.
c. Payments are subject to the following daily and amount limits, subject to change by the Bank.



Transaction type	Number per Day	Amount Per Day (NAf.)	Amount Single Transaction (NAf.)
Account Transfers (within own accounts)	20	Unlimited	Unlimited
Local Payments (from vendor list)	20	25,000	25,000
Local Payments (3rd party, not vendor list)	20	25,000	25,000
International Payments	5	25,000	25,000


8. Place a stop payment on a check.
9. Read mail on the site generated by MCBDirect Business with regards to the Customer's payment transactions or sent by the Bank.
10. Send mail to the Bank.
11. Order a checkbook from a pre-defined list of checkbook types offered by the Bank.
12. Review current exchange rates.
13. Change the Password when the Customer deems necessary.
14. Request the modification of your MCBDirect Business profile.

1. Register with the Bank.
2. Personal computer or electronic device with an Internet connection.
3. A commercially available Internet browser (e.g. Microsoft Internet Explorer, Apple Safari, Mozilla Firefox or any other W3C compliant browser) with 128 bit encryption.
4. Internet browser program with the “Auto Complete” function turned off.

1. Inactive accounts cannot be accessed through MCBDirect Business.
2. The Customer cannot make transfers or payments from accounts with insufficient funds.

1. The Customer will have the right to cancel his or her eligibility to use MCBDirect Business at any time and the Bank has the right to withdraw the service from any Customer at any time.
2. The Bank may charge and the Customer agrees to pay to the Bank such charges as advised and made applicable by the Bank to the Customer for services pursuant to this agreement.
3. The Bank may deduct from the Customer’s account, even if this creates or increases (an) overdraft(s), the charges related to MCBDirect Business.
4. The Customer acknowledges and agrees that any MCBDirect Business charges introduced are in addition to any account level service charges, which apply to his/her personal accounts.
5. MCBDirect Business has no monthly fee and it has the following transaction fees, with additional charges for Stop Payments and Checkbook Orders.



Transaction type	Fee (NAf.)
Account Transfers (within own accounts)	Free of charge
Local Payments (from vendor list)	1.00 + OB per transaction
Local Payments (3rd party, not vendor list)	1.00 + OB per transaction
International Payments	Standard fees apply


6. In the execution of instructions/transactions of the client, for which license fee(s) or other costs and/or levies are due by the Bank, these will be charged/passed on to the client.

Article 8

1. The Bank is not liable to the Customer for any delay, loss, damage (direct or indirect) or inconvenience resulting from or arising in connection with the provision of or the failure, for any reason, to provide (any part of any) service pursuant to this contract except where such losses result from gross negligence or willful misconduct by the Bank. Also, The Bank is not responsible for the client’s acts or omissions or those of any third party hired, employed or used either by the Bank or the Customer relative to performance under this contract.
2. The Bank is furthermore not liable to the Customer if a payment has been made to a Beneficiary through MCBDirect Business and the Beneficiary has not updated the Customer's account.
3. The Bank is furthermore not liable if the payment is received late at the Beneficiary due to the Customer not taking into account the necessary days to process the payment.
4. The Customer is responsible for any errors, which result from him having incorrectly provided to or selected from the Bank, any account number, amount or other information required for the proper operation of MCBDirect Business. The Bank shall in no way be liable for any theft, loss or subsequent damage(s) in any form the Customer may suffer while using MCBDirect Business. Payments by the Customer to incorrectly inserted beneficiary accounts or banks are the sole responsibility of the Customer and the Bank is not in a position to recall these payments. Losses resulting hereof will be fully, immediately and unconditionally borne by the Customer.

1. The Customer will notify the Bank immediately in writing of the loss, theft or any unauthorized use of the User Id, Password or Additional Authentication, as the case may be. On receipt of such notice, the Bank will try to prevent, as much as possible, damages to the Client. The Customer’s responsibility will cease only when the Bank duly receives written notice of loss, theft or unauthorized use.
2. The Customer is at all times responsible for the care and safety of the User Id, Password and Additional Authentication mechanisms. The Customer will keep the User Id, Password and Additional Authentication confidential and secure from all persons without exception. The Customer will keep the User Id separate and apart from the Password at all times. The Customer is also responsible for having the “Auto Complete” function on the Internet browser program on any computer or electronic device that the Customer uses to log on to MCBDirect Business turned off.

1. The Customer is liable for all indebtedness, and account activity resulting from:

i. His use of the Electronic Signature including all indebtedness, account activity by persons to whom the Customer has made the Electronic Signature available.
ii. Unauthorized use of the Electronic Signature (including indebtedness arising from unauthorized use of the Electronic Signature, where the Customer has made available for use the Electronic Signature by keeping the components of the Electronic Signature together or in such a manner as to make them available for use together) until we have received written notice of loss, theft or unauthorized use.
iii. Using the “Auto Complete” function on any browser program on any computer or electronic device that the Customer used to access MCBDirect Business.
iv. Other losses that occur through MCBDirect Business for which the Customer is liable if the other losses occur as a result of authorized or unauthorized use of his Electronic Signature.
2. Without prejudice to the Bank’s exclusion of liability pursuant to this agreement, the Customer will be considered as contributing to the unauthorized use of the Electronic Signature and will in any event be fully liable where:

i. The Password the Customer has selected is the same as or similar to an obvious number combination such as (but not limited to) his date of birth, bank account number(s) or telephone number(s);
ii. The Customer writes his Password down or keeps a poorly disguised written record of his Password, such that it is available for third parties for use with his User Id;
iii. The Customer otherwise reveals all or part of his Electronic Signature resulting in the subsequent unauthorized use of his Electronic Signature;
iv. The Customer logged on to MCBDirect Business from any computer or electronic device with the “Auto Complete” function on the Internet browser program turned on; or
v. The Customer shares any aspect of the Additional Authentication resulting in the subsequent unauthorized use of his Electronic Signature.

1. Any other dispute the Customer has regarding the services provided under this Agreement will normally be resolved expeditiously after the Bank has been notified in writing of the dispute.
2. If a dispute cannot be resolved within said parameter, we will provide the Customer with information concerning our dispute resolution process and how long each step will normally take.
3. The parties to this Agreement accept that this Agreement, and all other related documents, be drawn up in the English language.

1. The General Conditions of Maduro & Curiel's Bank N.V. of which the Customer has received a copy and which conditions he has accepted, are also applicable to MCBDirect Business.
2. With regard to this agreement, Curacao law is applicable whereas the competent courts in Curacao have exclusive jurisdiction on matters arising from this agreement.