TMP-LG-82-19 ANNEX A

FAX / EMAIL INDEMNITY AGREEMENT

Please indicate whether UnionBank may accept instructions via Fax, Scanned documents sent
through Email or Email messages:

o Accept my/our instructions via Fax

o Accept my/our instructions from scanned documents sent through Email
o Accept my/our instructions via Email message

Effectivity Date: ________________________

Maintaining Branch: ____________________

Important Notice to Client:

The client should consider the possible risk inherent in the giving of instructions by
facsimile and/or email. Non-original signatures on the facsimiles may be forged and
instructions given by facsimile may be transmitted to wrong numbers, may never reach the
Bank and may thereby become known to third parties thus losing their confidential nature.
For confirmations given by telephone or any fax or email instructions, the limited ability of
the Bank to authenticate the identity of the caller could expose the Client‟s accounts to
unauthorized access by third parties. The Bank accepts no responsibility for the
occurrence of any such circumstances or for any action, claim, loss, damage or cost
arising or incurred by customers as a result of or in connection with any such
circumstances or the giving of any such instructions by facsimile and/or email. The Client
is and continues to be solely responsible for making its own independent appraisal and
assessment of any possible risk in relation to the giving of any such instructions by fax
and/or email. Accordingly, the Client should not authorize the Bank to accept instructions
by facsimile and/or email unless the Client is prepared to undertake such risks and has
satisfied itself in all respects with regard to such authorization.

GENTLEMEN:

1. This is in reference to _____________________________________ (“the Client”)

with account number/s:
Account Number (#1): _______________________
Account Number (#2): _______________________
Account Number (#3): _______________________
and the account opening forms and other agreements governing the operation of
accounts, credit and other facilities, cash management services, and various banking
arrangements of the Client with Union Bank of the Philippines ("the Bank").

February 2019 Page 1 of 5

2. The Client is aware of the possible risks involved in connection with the sending of
faxed and/or email instruction and has acknowledged its/his understanding and
agreement to the Important Notice above.

3. Notwithstanding the terms and conditions of the Client's accounts and the possible
risks of sending instructions by fax or email, the Bank is irrevocably and
unconditionally requested and authorized, but not obliged to, rely upon and act on any
instruction received by facsimile and/or email instruction to the Bank for the Client's
banking transactions and applications for (but not limited to) Check book Reorders,
Stop Payment Orders, Fund Transfers (Peso and US Dollar, including international
fund transfers via SWIFT), and Cash Management instructions which the Bank at its
sole discretion believes emanates from the Client, or otherwise appear to comply with
the terms and conditions of the Client's accounts and the Bank shall not be liable for
acting in good faith on fax or email instructions which emanates from authorized
individuals under any circumstances whatsoever.

For purposes of this arrangement, unconfirmed and unsigned

instructions/requests/applications will not be honored by the Bank. Fully signed
originals shall be promptly submitted by the Client the next banking day from the
transmission of faxed/ emailed instructions. Failure to submit fully signed originals of
any of the Client's faxed/emailed instructions shall immediately entitle the Bank to
refuse to act on the Client's new and subsequent faxed instructions without further
notice to the Client.

4. The Client is aware of the Bank's internal procedures and controls requiring the Client
to accomplish the standard forms and/or procedures to show the Client's
authorization of the transactions and the Client's conformity with the Bank's terms and
conditions. However, the exigencies of the Client's operations may prevent the Client
/Authorized Signatories of the Client from complying with the Bank's internal
procedures for each transaction. Accordingly, in the event of the Bank's receipt of the
instructions without the Client's accomplishment of the Bank's required forms and/or
procedures, the Client shall be fully bound by the transactions as well as by the terms
and conditions of the Bank's standard forms and/or procedures for the Bank's
products/services to the same extent and in the same manner as if the Client had
accomplished said forms and/or procedures. It shall be the Client's responsibility to
secure/familiarize itself with the Bank's standard forms, which are being used for the
Bank's products.

5. The Client represents and warrants to the Bank that the faxed/ emailed instructions
are duly approved and signed by the Client/ Client's Authorized Signatories and that
the instructions have remained complete and unaltered from the time they were first
generated in their final form. The Client further guarantees the integrity and reliability
of the said faxed or emailed instructions.

6. The Bank may (but is not obliged) to act upon such instructions, which the Bank
believes in good faith to have been signed and/or authorized, or apparently signed
and/or authorized, by the Client/Client's Authorized Signatories.

7. The Bank shall not be under any duty to verify the identity of the person or persons
giving any fax, email instructions, or telephone confirmation of instruction sent by fax
or email purportedly made by or on behalf of the Client or the authenticity of any
signature on said instruction. Any transaction made pursuant to any fax or email
February 2019 Page 2 of 5
 instruction shall be binding on the Client whether made with or without authority,
knowledge, or consent of the Client. The foregoing shall not prevent the Bank from
conducting such security verification and/or confirmation procedures as the Bank may
deem necessary to verify the identity of the person sending or giving the fax or email
instruction, and from refusing to execute the instruction as a result of such verification
and confirmation procedures.

8. The Bank shall be entitled to treat any such instructions, as fully authorized by and
binding upon the Client and the Bank shall be entitled (but not bound) to take such
steps in connection with or in reliance upon such instructions as the Bank may in
good faith consider appropriate. Any such instructions as aforesaid shall be
conclusive, valid and binding upon the Client.

9. For instructions sent via Fax, the Bank shall be entitled (but not obliged) to act on
instructions that originate only from the following fax numbers:

____________________ _____________________ ____________________

For instructions sent via Email, the Bank shall be entitled (but not obliged) to act on
instructions that originate only from the following email addresses:
E-Mail Address (#1): __________________________________________________

E-Mail Address (#2): __________________________________________________

E-Mail Address (#3) __________________________________________________

The Client shall inform the Bank, in writing and by way of submission of new/updated
Fax/Email Indemnity Agreement of any changes in the fax numbers / email addresses
that the Client will use for this arrangement.

10. Any instructions for the payment or transfer of money other than to the Client's
accounts in the Bank shall not be in excess of ________________________ for any
one transaction.

11. The Bank shall have the right to rely solely on the following contact details if it
conducts security verification and/or confirmation procedures:

NAME: TELEPHONE NO.:

_______________________________ ___________________

_______________________________ ___________________

12. The Client shall keep the Bank indemnified at all times and holds the Bank free and
harmless from all actions, proceedings, claims, loss, damage, costs and expenses
which the Client may suffer arising from or in anyway related to the Bank's reliance on
the instructions transmitted by telecopier (facsimile), or email even if the signature/s
appearing in said faxed instructions/ scanned documents be found to have been
forged, altered or unauthorized, or whether or not the said instructions are confirmed
in writing by the Client, including possible liabilities under R.A. 1405 and/or 6426, as
February 2019 Page 3 of 5
 amended, for leakages of information concerning the Client's accounts as a result of
the manner or of means adopted in the Client's instructions.

13. The Client agrees that shouId it/he submit the original instruction sent by fax or a
written confirmation of the email instruction or telephone confirmation previously sent
or made to the Bank, the Client shall stamp/affix a notation „For Regularization Only‟
and the Client agrees that the Bank shall not be liable for any action or decision taken
by the Bank on the basis of the receipt of the said original instruction or written
confirmation, as the case may be, which does not bear the required notation.

14. The terms of this Agreement shall remain in full force and effect until the Bank
receives and has a reasonable time to act upon notice of termination from the Client
in writing signed by the Client/Client's Authorized Signatories, save that such
termination shall not release the Client from any liability hereunder in respect of any
act performed by the Bank in accordance with the terms of this Agreement prior to the
expiry of such time.

15. The Bank may at any time, by written notice sent to the Client, terminate any
arrangement regarding accepting Instructions. Such termination shall not release the
Client from any liability or the terms of this Indemnity in respect of any action taken by
the Bank in accordance with any arrangement or Instruction or the terms of this
Indemnity prior to such termination.

16. The Bank may also terminate the arrangement if after several follow-ups (either thru
phone via recorded line or in writing), client continue to disregard requests for
submission of required documents for this arrangement but not limited to original and
signed Letters of Instructions/Authorization to regularize faxed/emailed instructions.
Client shall be notified in writing terminating the arrangement thru Notice of
Termination after 30 days grace period from the time electronic instruction was
processed.

VERY TRULY YOURS,

AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY

Signature over Printed Name Signature over printed Name

AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY

Signature over Printed Name Signature over Printed Name

SIGNED IN THE PRESENCE OF:

_________________________ _________________________
Signature over Printed Name Signature over Printed Name
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 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES (PASIG CITY) BEFORE ME, a Notary

Public in and above jurisdiction on this _____ day of ________, personally appeared:

NAME VALID GOVERNMENT ISSUED ID

Known to me to be the same person(s) who executed the FAX/EMAIL

INDEMNITY AGREEMENT and he/they acknowledged to me that the same is
his/their own free and voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL on the date and at the

place first above written.

Notary Public

Doc. No.__________;
Page No.__________;
Book No.__________;
Series of__________;

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