PROVISIONAL OFFER LETTER

Date 07-11-2023
Obligor's Name IDEMUDIA EZEKIEL
Obligor's Address Aa 39, shagari Estate,Mosolasi bus stop ,ipaja,Lagos

Dear EZEKIEL,
Offer of Credit Facility

Lender Page International Financial Services Limited

Borrower IDEMUDIA EZEKIEL
Facility Type Personal Loan
Facility Amount NGN 140,000.00
Tenor 18
Repayment Source Cheques
Repayment Date 03 of Every Month
First Repayment Date 03-12-2023
Monthly installment NGN 12,421.00

General Terms and Conditions

These terms and conditions apply to and regulate the provision of credit facilities advanced by Page International Financial Services Limited (“Page”). These
Standard Terms and Conditions, together with the Loan Application Form sets out the terms governing this Loan Agreement. It is important that you read these
terms and conditions carefully and keep them for future reference.

1. Advance and Repayment

1. Page agrees to advance the Loan and the Obligor agrees to take the loan subject to the terms and conditions as set out in the loan application form and
also herein in this offer letter.
2. The Obligor agrees to repay the Loan (principal plus accrued interest) in accordance with the terms and conditions of this letter and in the manner as
indicated in the attached repayment schedule..
2. Interest
1. The repayment installments as calculated in the attached repayment schedule are done on the basis of payment at regular agreed intervals. If the due
date for repayment falls on a non-business day, then the repayment installment may be collected:
on the preceding working day before the due date or;
on the succeeding business day for which additional interest may accrue or;
at Page’s sole discretion, on any other day for which Page is reasonably informed that the Borrower’s salary is paid.

2.Page may in its sole discretion increase or decrease the prevailing interest rate for any reasons and any change in interest rate will take effect on the
Borrower’s account following a minimum of 7 days written notice.

3.Where the borrower fails to pay Page any replacement installment by the due date, Page will charge default interest at 2.5% per month on the outstanding
sums.

4.Page will apply the default interest rate from the date on which the Borrower was due to make the repayment installment.

5.The default interest rate:

is charged by Page concurrently with the normal interest rate which the Borrower is being charged;
 accrues before and after any court judgment Page obtains against the Borrower;
is liquidated damages to compensate Page for the additional risk and other administrative cost/expenses associated with the Borrower’s failure to pay
the outstanding sums.

6.Page will apply the default interest rate from the date on which the Borrower was due to make the repayment installment.

3. Payments
1. The Borrower hereby agrees that payments shall be made in accordance with the attached repayment schedule and any plan in variation shall first be
communicated in writing to Page for consent.
2. Where the Borrower chooses to pay the total amount outstanding prior to the end of the loan term:
The Borrower shall have the right to repay the loan amount or a part thereof prematurely pursuant to the terms and conditions of the loan
agreement.
The borrower shall pay the total amount outstanding and accrued interest charges as at the date of prepayment.
The Borrower shall pay all fees and charges that may apply to the loan from time to time (if any).
3. Where more than forty-eight (48) hours has elapsed since the repayment date and the repayment amount (total or partial) still remains outstanding,
Page will start calculating accelerated interest at the rate of 2.5% plus the applicable borrowing interest rate.
4. Repayment

1. The Borrower shall repay the loan amount [as specified in the repayment schedule] in accordance with the terms and conditions of the loan agreement.
2. Page will on each Repayment Date collect the total amount payable by that date in accordance with the repayment schedule given to the Borrower.
Where the Borrower fails to honor its obligation to repay the total monthly repayment amount by the due date, Page will repeatedly attempt to collect
the whole outstanding repayment within the succeeding five (5) days.
3. Page reserves the right to collect the Borrower’s monthly outstanding repayment on the due date or on any other day the Borrower’s salary is paid into
the dedicated account provided by the Borrower for regular collections of repayments; with or without any notice to the Borrower.
4. Page also reserves the right to start legal proceedings or any recovery action it may deem fit against the defaulting Borrower and is under no obligation
to inform the Borrower before such proceedings commence.

5. Costs and Expenses

1. The Borrower hereby agrees to pay all administrative costs, charges and expenses (including legal fees) reasonably incurred by Page in connection
with the processing of the loan granted.
2. The Borrower hereby agrees to pay all costs and expenses (including legal fees) incurred by Page in connection with any proceedings instituted by or
against Page as a consequence of entering into this loan agreement.
3. All legal, statutory, regulatory and out of pocket expenses that may arise in the execution of this facility or in enforcing the terms and conditions in
respect of same shall be to the account of the Borrower.

6. Duration of Facility

1. The loan facility shall be for the duration stated in this offer letter. Where the borrower wishes to top-up the facility, such new facility will extend the duration
of the loan and variable rates or terms and condition may apply for the new facility.

7. Variation of Conditions

1. Page reserves the right at all times to vary the terms and conditions of this loan agreement. Any such variation will become effective upon notice to the
Borrower by any means Page considers reasonable in the circumstance and in any of the manner of communications as provided in the loan application
form.

8. Set-Off

1. Page may at any time with or without notice:

combine or consolidate some or all of the Borrower’s accounts with it without any liability to Page; and
set-off and transfer any sum standing to the credit of any such account for the full or partial repayment of any amount the Borrower owes Page;
this clause is in addition to and does not amend or qualify any other present or future rights of Page to combine or set-off any of the Borrower’s
accounts with it.

9. Cancellation and Loan Agreement

1. Page will be entitled to terminate this Agreement (after service of any notice required thereunder) :

if the Borrower in any way perpetrates or attempts to or is involved in any act of fraud or other criminal activity with respect to Page or the Loan;
if any information provided by the Borrower as part of the application is incorrect or misleading in any material manner;
if there occurs any event which jeopardizes due performance of the loan agreement by the Borrower;
on such termination, Page reserves the right to demand repayment of the full loan amount with interest calculated in the same manner as the repayment
instalment as specified in the repayment schedule.

10. Assignments and Disclosure of Information

1. Page reserves the right to transfer or assign its rights and obligations under this Agreement (including its obligation to lend money to the Borrower or the
collection of the amount owed under this Agreement) to another entity and the Borrower irrevocably consents to any such transfer or assignment however
arising from the loan, whether as part of a transfer scheme or otherwise.
2. Page will only inform the Borrower if such a transfer causes the arrangements for the administration of this Agreement to change in accordance with
sub-clause (1) above.
 3. The Borrower hereby authorizes Page to disclose any information or documentation relating to the loan to third parties including credit reference agencies,
collection agencies, as well as the Borrower’s employers (where the borrower is in salaried employment) in the event that the loan has ceased to be
serviced by the Borrower.

11. Default

The occurrence of any of the following events shall be deemed a default which will cause all outstanding amounts under this facility to become immediately due
and payable:

1. the Borrower fails to make a repayment or payment of principal, interest or other sums with respect to the loan on the date it was due to be paid; or
2. any representation, warranty or assurance made or given by the Borrower in connection with the application for this loan or any information or documentation
supplied by the Borrower, is later discovered to be materially incorrect; or
3. where the Borrower defaults in the performance or observance of any terms, conditions or covenant herein and such breach or default shall continue without
being remedied after seven (7) days’ notice has been given to the Borrower.
4. where a bankruptcy petition is filed against the Borrower;
5. where the Borrower is unable to pay any other party within the of Section 1 of the Bankruptcy Act (Cap 30) Laws of the Federation of Nigeria;
6. where a situation arises which in the opinion of Page makes it inappropriate for Page to continue to extend the facility to the Borrower;
7. the Borrower does or omits to do anything which may prejudice Page’s rights in terms of this Agreement or cause Page to suffer any loss or damage.

12. Representation and Warranties

The Borrower represents and warranties that::

1. he/she has the right to accept this facility and has taken all necessary actions to authorize same upon the terms and conditions herein
2. he/she is not in default under any obligation in respect of any borrowed money that the acceptance of this facility will be or result in breach of or default under
any provision of any other agreement to which the Borrower is a party.
3. the information given to Page verbally or in writing in the formal loan application form is true and accurate.
4. he/she will use the loan for the purpose(s) they told Page of in their application for the loan.

13. Governing Law and Dispute Resolution

The Borrower represents and warranties that::

1. This Agreement shall be governed by the laws of the Federal Republic of Nigeria.
2. The parties agree to amicably resolve any dispute or controversy arising out of, relating to or in connection with the interpretation, validity, construction,
performance, breach or termination of this loan agreement.
3. If any dispute between the parties hereto relating to the interpretation and or application of this Agreement cannot be resolved by mutual consultation, any
unresolved dispute, controversy, or claim arising out of or in connection with this contract, or breach, termination or validity thereof, shall be settled by final
and binding arbitration, in accordance with MSME Arbitration Scheme Rules, by a single Arbitrator appointed by the Chairman of the Nigeria Branch of the
Chartered Institute of Arbitrators and the place of arbitration shall be Lagos.
4. Subject to paragraph (iii) above, any matter which requires the intervention or any determination by a court, whether prior to, or during or after the aforesaid
arbitration, shall be subject to the exclusive jurisdiction of Nigerian Courts.

***This offer is subject to a satisfactory credit report and further verification checks. In the event that your application is unsuccessful, your
documents will be returned to you.***

***Please note upfront charges may be deducted from the loan amount depending on the product type. ***

DISCLAIMER:As required by law, Page is mandated to disclose the status of defaulting loans to relevant local and/or international credit bureaus, credit
monitoring agencies and regulatory bodies.

Thank you.

Yours faithfully:
For Page International Financial Services Limited

Head, Customer Engagement Head, Risk Management

Memorandum of Acceptance

All the terms and conditions in this Page International Financial Services Limited Loan Application package have been read understood by me. I hereby accept
the terms and conditions contained herein and evidenced by my signature below.

Name _______________________________________
IDEMUDIA EZEKIEL OSAODION

Signature & Date _______________________________________ 07-11-2023

Loan Repayment Schedule

Repayment Date Book Balance Monthly Principal Interest Fees

Repayment
2023-12-03 140,000.00 12,421.00 4,762.00 7,659.00 0.00
2024-01-03 135,238.00 12,421.00 5,022.00 7,399.00 0.00
2024-02-03 130,216.00 12,421.00 5,297.00 7,124.00 0.00
2024-03-03 124,919.00 12,421.00 5,587.00 6,834.00 0.00
2024-04-03 119,332.00 12,421.00 5,893.00 6,528.00 0.00
2024-05-03 113,439.00 12,421.00 6,215.00 6,206.00 0.00
2024-06-03 107,224.00 12,421.00 6,555.00 5,866.00 0.00
2024-07-03 100,669.00 12,421.00 6,914.00 5,507.00 0.00
2024-08-03 93,755.00 12,421.00 7,292.00 5,129.00 0.00
2024-09-03 86,463.00 12,421.00 7,691.00 4,730.00 0.00
2024-10-03 78,772.00 12,421.00 8,112.00 4,309.00 0.00
2024-11-03 70,660.00 12,421.00 8,555.00 3,866.00 0.00
2024-12-03 62,105.00 12,421.00 9,023.00 3,398.00 0.00
2025-01-03 53,082.00 12,421.00 9,517.00 2,904.00 0.00
2025-02-03 43,565.00 12,421.00 10,038.00 2,383.00 0.00
2025-03-03 33,527.00 12,421.00 10,587.00 1,834.00 0.00
2025-04-03 22,940.00 12,421.00 11,166.00 1,255.00 0.00
2025-05-03 11,774.00 12,421.00 11,777.00 644.00 0.00

Head of Sales

Memorandum of Acceptance

I , hereby accept the terms and conditions contained in this schedule.

Name _______________________________________
IDEMUDIA EZEKIEL OSAODION

Signature ____________________

Date _______________________
07-11-2023
 ELECTRONIC DIRECT DEBIT MANDATE ACCEPTANCE FORM

Definitions

Accountholder means the holder of a functional account from whose Account a Direct Debit is to be effected;

Accountholder’s Bank means the bank with whom Accountholder’s functional account resides;

Account means an accountholder’s account with an Accountholder’s Bank which may be directly debited in accordance with this Agreement;

Agreement means these general terms and conditions as set out in this Direct Debit Application Form;

Application Form means Page’s standard application form duly executed by the Accountholder prior to the commencement of this Agreement

which sets out, amongst other things the Direct Debit fees, debit/credit card details, date and amount;

Page means Page International Financial Services Limited;

Authority means duly signed Direct Debit Authorization Form authorizing the Accountholder’s Bank to debit the Accountholder’s Account with

payments initiated by Page International Financial Services Limited.

Processor means the initiating financial institution affiliated with Page International Financial Services Limited in the operation of this Direct

Debit Scheme and Page’s Internet Banking Platform;

Business Day means a day (other than a Saturday or Sunday) on which registered banks are open for business in Lagos, Nigeria;

Notice means notification in writing (including by electronic communication) of the Direct Debit amount and the date of the debit by Page to the
Accountholder.

Page’s responsibilities:

1. Provide the Accountholder’s with a copy of this Direct Debit Terms and Conditions electronically.

2. Where the relationship between Page and the Accountholder giving rise to the Authority is terminated, Page would immediately amend

its records, communicate same to the Processor not to initiate any more Direct Debits against the Accountholder’s Account.

The Accountholder hereby undertakes:

1. To ensure there is always sufficient cleared funds available in the account to allow Accountholder’s Bank make a debit payment to

Page International Financial Services Limited in accordance with this Direct Debit Mandate.

2. To agree that if there are insufficient funds in the account, and accountholder’s bank dishonors this Direct Debit Mandate,

accountholder will incur additional fees and charges to be imposed by Page International Financial Services Limited on the Loan

balance due; whereby such charges shall be computed at the prevailing default interest rate charges.

3. If the debit day falls on a day that is not a business day, Page International Financial Services Limited may direct Accountholder’s Bank

to debit Accountholder’s account on the following business day.

4. To notify Page International Financial Services Limited of any intended or actual cancellation of this Direct Debit Mandate by giving 30

days’ notice of such intended or actual cancellation and to provide an alternative recollection method for any existing obligations under

the loan facility agreement within the notice period.

5. That this Authority will not replace Accountholder’s obligation to pay up on loan repayments or impede Page’s right to recover such

repayments in case of default.

6. That this Authority is given in accordance with the mandate held by the Accountholder in the Accountholder’s bank.

Authorization

This Direct Debit sets out the terms by which the Accountholder has authorized Page to deduct payments that become due on the

Accountholder’s loan directly from the Accountholder’s bank account by charging Accountholder’s debit/credit card with Accountholder’s
 Bank.

Authorization to Page:

1. Accountholder hereby authorizes Page to charge Accountholder’s debit/credit card details provided to Page in respect of

Accountholder’s loan repayment on the due date and all other outstanding charges/fees due to Page.

2. Accountholder’s authorizes Page to automatically charge Accountholder’s debit/credit card(s) provided through Zenith

Bank/MasterCard/Page Credit Direct Debit Scheme, our Internet Banking Platform and other means.

3. Accountholder authorizes Page to charge Accountholder’s account on the date Accountholder’s salary is paid, even if the due date is

not a business day.

Authorization to Accountholder’s Bank:

I hereby instruct you to pay Direct Debits from my account at the request of Page International Financial Services Limited in accordance with

the details provided on this Direct Debit Mandate form.

I confirm that the amounts to be debited are as they appear on this Mandate and that the amounts may be debited on various dates.

By accepting the terms and conditions, you have provided us with valid instruction in respect to your Direct Debit Mandate, you hereby

acknowledge to have read and agreed to the terms and conditions therein set out governing the debit arrangement between you and Page

International Financial Services Limited as set out in this Direct Debit Mandate.

Name: ______________________________
IDEMUDIA EZEKIEL OSAODION

Signature: ___________________________

Date: _______________________________
07-11-2023

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