Terms of prolongation of the term of using the Loan with simultaneous provision of Loan Vacations on Loans with annuity repayment schedule

In order to reduce the financial burden on the Borrower, JSC Raiffeisen Bank Aval (hereinafter referred to as "the Lender"), announces a change from the Date of application of changes to the terms of the Loan repayment specified in the Loan Agreement (hereinafter referred to as "the Agreement"), namely:

1. The last day of the term of using the Loan, to which the Borrower is obliged to repay the Debt under the Agreement in full, has been postponed for 3 (three) months.

2. Temporarily, from the Effective Date, the amount of the monthly payment will be reduced by 3 (three) regular monthly payments (hereinafter referred to as "Credit Holidays").

3. For the period of the Credit Holidays, the annuity payment includes the payment of Interest exclusively. The obligation to repay a portion of the principal amount of the Loan unpaid during the Credit Holidays in accordance with the Schedule shall be evenly spread over the entire period of the Agreement after the Loan Holidays expires.

4. Changes specified in this Notice shall be applied from the Effective Date of the Changes until the Borrower has fully fulfilled its obligations under the Agreement, except for its modification or cancellation on the grounds established by the Agreement taking into account the terms of this Notice.

5. The Borrower is entitled to a partial early repayment of the Loan during the Loan Vacations under the terms of the Agreement. Loan vacations become invalid in the event of partial early repayment of the Loan by the Borrower.

6. The Borrower undertakes to repay the Debt in the future in the form of monthly annuity payments in accordance with the Schedule of repayment under the Agreement and subject to the new terms and conditions set out in this Notice.

7. In the event of the Borrower's disagreement on the use of the Credit Holidays and / or the extension of the Agreement, the Borrower shall notify the Lender in writing of the refusal within 5 (five) calendar days from the date of sending this Notice.

8. In the absence of a written refusal by the Borrower to apply the Credit Vacations by the Lender and / or in the extension of the Contract within the specified period, a new Schedule calculated and signed by the Lender shall be considered an integral part of the Agreement and the basis for determining the amount of the obligations.

If you have any questions, please contact your Credit Manager or 0 800 50 50 45.