TMP-CH-162-20

UNIONBANK EPAYCARD

This ADDENDUM supplements the CASH MANAGEMENT CUSTOMER SERVICE AGREEMENT (the
“Agreement”) between Union Bank of the Philippines (the “Bank”) and the Client, and covers the terms and
conditions under which the Client may avail of the Bank’s EPAYCARD FACILITY with
________________________________________ ePAYCARD. For this Addendum to be valid, the Client must
also sign and execute the Agreement. This Addendum is being entered into by the Parties on this day of
______________ ("Effective Date").

1. ePAYCARD FACILITY SERVICES. – The Client may avail of the following services under the ePaycard
Facility (the “Facility”) of the Bank:

Choose as applicable:

[ X ] Regular / Special Payroll and/or Bonuses;

[ ] Allowances;
[ ] Commissions;
[ ] Benefits;
[ ] Various disbursements, please specify __________________

Provided that only one (1) disbursement type shall be processed by the Bank at any one time (the “Services”)

2. DOCUMENTATION REQUIREMENTS. – The Services shall be supplemented by the data and other
information contained in Business Banking Enrollment Form (“BBEF”) giving the Client access to the Bank’s system
and Card Management Operations Data Sheet (“CMODS”) copies of which are attached hereto and form an integral
part hereof as Annexes “A” and “B”.

3. PRICING

a. ADB-Based – The Client shall open an account and maintain a minimum Average Daily Balance (“ADB”)
based on the chosen ePaycard variant/s, multiplied by the number of Individual EPAYCARD ACCOUNTS (“EA”)
given to, including but not limited to employees, agents, beneficiaries (the “Payees”) enrolled in the Facility.
b. Fee-Based – As an alternative to maintaining ADB, the client will pay a MONTHLY fee based on the chosen
ePaycard variant/s, multiplied by the number of EAs maintained by the Client to cover the payout
requirements such as payroll / allowance / commission / benefits disbursement of its Payees.

Select ePaycard Account Variant:

Classic ePaycard –
[ ] ADB-based: Php _________________ per EA or ____________, whichever is higher
[ ] Fee-based: Php __________________ per EA or __________________, whichever is higher

Premier Plus ePaycard –

[ ] ADB-based: Php __________________ per EA or __________________, whichever is higher [ ]
Fee-based: Php __________________ per EA or __________________, whichever is higher

Dollar ePaycard –
[ ] ADB-based: USD __________________ per EA or __________________, whichever is higher
[ ] Fee-based: USD __________________ per EA or __________________, whichever is higher

Executive Payroll Account (“EPA”)–

[ ] ADB-based: Php __________________ per EA or __________________, whichever is higher
[ ] Fee-based: Php __________________ per EA or __________________, whichever is higher
[ ] Credit-based: maintain an aggregated net monthly payroll credit of P100,000 to each individual
EPA.

4. ACCOUNTS. –

(a) Mother Account. –

(i) The Client shall open and maintain a M OTHER ACCOUNT (“MA”) with the Bank which shall be required to be
funded in order to effect payments to its Payees. The Bank shall debit the Client’s MA and credit the individual
EAs with the appropriate amounts due to each Payee pursuant to Client’s instruction. The Bank shall have full
authority to rely on Client’s instructions and agrees to hold the Bank free and harmless from any and all liability
related to or arising from the Bank's reliance on said instructions. For payment thru fees, the MA should be
funded by the total credit amounts plus the required fees.
(ii) The currency of the MA shall be in the same currency as the EAs. If Client avails of the Facility in both USD
and PHP, Client shall open and maintain separate MAs for each currency.

(b) Individual ePaycard Account. –

(i) The Client shall require each of its Payees to open a savings/checking account with the Bank which account
shall serve as the Payee’s EA and to which the enrolled Payees’ payroll, allowance, commission, or benefits
disbursement shall be credited. The EA shall be linked to an ATM ePaycard of the Bank to be issued to each
enrolled Payee.
(ii) The EA shall not be subject to any maintaining balances but shall be required to keep positive balances for the
duration of the Agreement.
(iii) Third-Party Reliance - The Bank shall provide materials and guidance to ensure Client’s awareness of and
compliance with the Bank’s Know-Your-Customer (“KYC”) procedures, as necessary.
• The Client agrees to designate dedicated personnel who shall be responsible for the conduct of KYC
procedures and other such processes related to the onboarding of employees for the Facility. The
Client