• Client’s account as specified in the CMODS on the 5th of the succeeding month without prior

notice nor consent, written or otherwise, required from the Client.

(a) For Fee-based pricing arrangement, the Bank shall send to the Client a BILLING STATEMENT on the 5th day of the
succeeding month which indicates the number of payment transactions or cards produced by the Bank during
the preceding month. If Client does not dispute in writing the BILLING STATEMENT within five (5) banking days
from receipt thereof, the fees and charges indicated therein shall be deemed valid, correct and constitutes an
unconditional and conclusive instruction by the Client to the Bank for the Bank to automatically debit Client’s
account as specified in the CMODS, without prior notice nor consent, written or otherwise, required from Client.
(b) Withdrawals against the EA from non-UnionBank Automated Teller Machines (ATM) are subject to prevailing
local and international network fees and shall be automatically charged to, and debited from the EA.
(c) Based on the type of account, withdrawals against the EA through UnionBank’s Over-the-Counter Facility shall
be charged One Hundred Pesos (Php 100) per withdrawal.
(d) Unless otherwise mutually agreed upon by the parties, the Bank shall deduct the full amount of fees and
charges from the Client’s account as specified in the CMODS. Any withholding tax deducted by the Client from
the payment due to the Bank shall be evidenced by a Certificate of Tax Withheld (BIR Form No. 2307)
submitted by the Client to the Bank. Failure of the Client to submit the required document shall entitle the Bank
to deduct the full amount of fees and charges from the Client’s account and to refuse any request of the Client
for the reimbursement of the withholding tax.
(e) The Bank may, at any time and at its option, modify the fees and charges without need of prior notice to, nor
consent, written or otherwise, required from the, Client. Client’s continued use and availment of the Facility shall
be construed as its acceptance of the newly-imposed fees and charges.

11. TERMINATION. –

11.1 Either Party may terminate this Addendum for any reason after one (1) year from Effective Date with sixty
(60) days prior written notice to the other Party.

11.2 Notwithstanding Sec. 15, the Bank may terminate this Addendum upon prior written notice and with
immediate effect:

a) if Client commits a breach of any of its obligations hereunder;;

b) when termination is required by law, rule, or regulation; or
c) when so ordered by a court of competent jurisdiction or other relevant regulatory agencies, such as
but not limited to, BSP.

12. NOTICES. - The Bank shall send all notices relating to the availment of the Service to the Client via email to the
registered email address of the Client’s contact person as reflected in the Corporate Account Customer Information
Form. In cases where the registered email is closed or the email bounces back after Bank's attempt to send the
communication, the Bank may send all communications to other email addresses belonging to Client's
representatives as found in the Bank's records, after which, the notice shall be deemed received by the Client. The
Client may nominate an updated contact email address by requesting the information update through their
Maintaining UnionBank branch.

13. NO EMPLOYER-EMPLOYEE RELATIONSHIP. - The Bank is merely an issuer of the ATM card and a provider
of the Facility. It is herein understood that there shall be no employer-employee relationship between the Bank and
the Client or between the Bank and the Payees.

14. The Bank reserves the right at its sole discretion to modify in whole or part this Addendum from time to time, as
the need arises. Any such modifications shall be effective immediately upon notification to the Client. The Client’s
continued use of the Facility constitutes the Client’s acceptance of the modified terms and conditions.

15. EFFECTIVITY. – This Addendum shall take effect on the Effective Date, subject to the annual review by the Bank
of the Client’s performance relative to the continuation of the Agreement.

16. ISSUES AND CONCERNS. – Issues and complaints raised by the Payees with the Bank shall be endorsed by
the Bank to the Client for proper handling and disposition. Any issue between the Client and the Payee/s regarding
debited amounts as well as credited amounts shall be resolved entirely and exclusively between the Client and its
Payee/s. In cases of conflict between this Agreement and the Terms and Conditions accepted by the Payee, this
Agreement shall prevail. For issues and complaints encountered by the Client, the Client shall call the Bank’s
customer service at (02) 8-667-2668 or email business@unionbankph.com.

AGREED AND ACCEPTED:

` UNION BANK OF THE PHILIPPINES _______________________________________

THE BANK THE CLIENT

by: ___________________________________ by: __________________________________

Signature over Printed Name Signature over Printed Name

by: ___________________________________ by: ___________________________________

Signature over Printed Name Signature over Printed Name

Annex A: Business Banking Enrollment Form

Annex B: Card Management Operations Data Sheet

Annex C: Employee/Payee Account Opening Requirements

a. Fully accomplished and signed Customer Account Opening Form (CAOF) with T&Cs attestation
b. Signatures Specimen Card (as applicable)
c. Valid IDs, as illustrated in Annex D

Annex D: List of Accepted IDs by the Bank

The Client shall ensure that each Payee provides any one (1) of the following valid IDs:
1. Company ID issued by private entities or institutions registered with or supervised or regulated by the BSP,
SEC or IC. If Company ID is presented, for this to be considered as primary ID, the Client must submit the
following to support the Client’s registration with the aforementioned entities:
a. Bangko Sentral ng Pilipinas (BSP): BSP Certificate of Authority (License), AMLC registration
certificate
b. Securities and Exchange Commission (SEC): SEC Certificate of registration
c. Insurance Code (IC): IC Certificate of Authority
i. If the Client is unable to present the abovementioned registration, the submission of the
Company ID alone will not suffice and another ID from this list must also be presented.
2. Digitized ID issued by the National Council on Disability Affairs
3. Digitized Philhealth Insurance Card ng Bayan
4. Digitized Postal ID preferably issued October 2016 onwards containing printed photo of Payee
5. Digitized Senior Citizen Card
6. Digitized TIN with printed photo of Payee
7. Digitized Voter’s ID with printed photo of Payee
8. Driver’s License
 9. GSIS e-Card/membership ID/UMID
10. IBP ID
11. NBI Clearance
12. OFW ID
13. Overseas Workers Welfare Administration ID
14. Passport
15. PRC ID
16. SSS membership ID/UMID

If the above documents are not presented by the Client, any two (2) of the following valid IDs may be submitted:
1. Alien Certificate of Registration/Immigrant Certificate of Registration
2. Government office and GOCC ID
3. Seaman’s Book