Real Assesoria España

Edificio Financero
C/ Ricardo Soriano 19, 4D
28012 Madrid
Spain.
Tel: +34-911-019-673; Fax : +34-911-881-377

Generic loan Aggreement

The Loan Agreement is between Real Assesoria España incorporated under the
European & Spanish Credit Union Act 1979 and having its Registered Office at
Edificio Financero, C/ Ricardo Soriano 19, 4D, 28012 Madrid - Spain and
registered under the Industrial and Provident Societies Act 1965 (Register
Number 343 CU (S) )(hereinafter referred to as “the Lender”) AND the member
in question (hereinafter referred to as “the Borrower”).

DEFINITIONS
A). “account” means the account maintained by the Lender for the Borrower in
connection with the Loan Agreement.
B). “conditions” means these terms and conditions in force from time to time
which may be varied.

METHOD OF PAYMENT

The total amount receivable as arranged between both parties (collected

through payroll deduction or direct debit) will be credited to the Borrower’s
account in accordance with Lender’s normal procedures. The total amount
receivable will include in addition any other payment due to the Lender. The
Lender is authorised to debit the account with payments specified in the Loan
Agreement until all monies due to the Lender including interest to the date of
closure have been repaid.

INTEREST CHARGES
Interest will be charged at a designated rate (dependent on loan request) on
any outstanding balance. The Average Percentage Rate (“APR”) will also be
given.

INFORMATION
The Lender may make such enquiries about the financial affairs of the Borrower
as the Lender may see fit. No loan is guaranteed and is subject to affordability
as well as the ability of the borrower to repay.

DISCLOSURE
The Lender is a data controller of the information provided on this form in
terms of the Data Protection Act 1998 as amended. In processing the
application, this information will be disclosed to recognised credit reference
agencies for credit checking. These agencies record this check, which may
affect the Borrower’s credit rating. If the application is successful, the
Borrower’s details will be held by the Lender to enable the Borrower’s loan to
be managed. Details of any financial transactions involved (such as payroll
deduction) will be made by the company or organisation concerned.
These Personal Loan Terms and Conditions are given for reference. Full details
will be included within the Loan Agreement that is produced and signed by both
parties in the event that your loan application is successful.

Please refer to the actual Loan Agreement for full details.

LOAN TERMS AND CONDITIONS

In the event that the Borrower defaults on their loan or any terms and
condition in relation thereof, details of such default or defaults will be passed to
other credit union’s, debt recovery agencies, and the courts. In such
circumstances it is understood that the Lender may disclose details of the
Borrower’s Account and any other matters relating to the account to any credit
reference agency and other individual, individuals or organisations for this
purpose registered by the Lender with the Data Protection Registrar.

Under the Data Protection Act you are entitled to a copy of your personal
information held by us on payment of a fee. The current fee for this request
is €50.

DEFAULT

The Borrower agrees that if they give or receive notice of termination of their
employment the Borrower shall advise the Lender immediately. The Borrower
agrees that should they fail to make payment of any amount due to the Lender,
or become insolvent, the entire amount outstanding will immediately become
due and payable (unless agreement on payment mechanisms can be achieved
between both parties), and the Lender shall have the right to recover any sums
due to them from the Borrower’s final wage or salary payment, including
redundancy monies, severance payments, expenses and any other sums due to
the Borrower.

The Borrower agrees that a statement issued by the Lender shall be final and
conclusive evidence as to the amount owed by the Borrower at any time.

The Borrower assigns to the Lender all paid shares and payments on account of
shares held with the Lender which the Borrower has now, or which the
Borrower may have in the future, as security for payment of the principal sum,
as also interest and expenses which may be due or become due, and the
Borrower authorises the Lender to apply any or all such paid shares or
payments on accounts of shares towards the satisfaction of any amount which
the Borrower may owe to them.

Real Assesoria España also reserves the right to transfer funds from your GCU
Current Account towards any sums due. The Borrower is aware that this is a
legally binding contract and that, if the Borrower fails to comply with any of its
terms, the Borrower may render themselves liable to further action, which may
include court action.

The Borrower will be required to repay the Lender’s legal expenses if the
Lender requires to take Court action to obtain repayment of all sums due under
the Personal Loan Agreement.

TERMINATION

The Lender may terminate the Loan Agreement and demand immediate
repayment of all sums due in respect of the Loan Agreement after giving any
written notice required by law if:-

a). The Borrower shall fail in any material respect to keep any part of the Loan
Agreement

b). The Borrower shall have deliberately given false information or given
inaccurate information in connection with the Loan Agreement or any other
Credit Agreement between the Borrower and the Lender

c). The Borrower shall be subject of a Court Action which has the effect of
taking away from the Borrower’s control of the whole or a substantial part of
the Borrower’s assets.

d). The Borrower shall become incapable in law of managing their own affairs

e). The Borrower shall set up a Trust deed or become notour bankrupt Should
the Lender terminate the Loan Agreement or should the Borrower default, the
Lender is entitled to the repayment of the whole sums due under the Personal
Loan Agreement and may retain any monies held by the Lender for the
Borrower in any other type of account and apply the said monies held on or
towards payment of the balance outstanding in terms of the Personal Loan
Agreement.

COMPLAINTS
The Lender has a detailed internal complaints procedure in place and full details
are available on request. If the Lender is unable to resolve any complaint
through the internal procedure, the Borrower may take a complaint to the REAL
ASSESORIA COMPLIANT DEPARTMENT although this can only be initiated once
the Lender’s internal procedure has been fully exercised. In order to contact the
Financial Ombudsman Service, the Borrower can write to:

REAL ASSESORIA ESPAÑA

Complaint Department
C/ Ricardo Soriano 19, 4D,
28012
Madrid - Spain
Email: compliant@realassesoria.com
Web: www.realassesoria.com

N.B. OPTIONAL PAYMENT PROTECTION INSURANCE

The Borrower is able to apply for Accident and Sickness Insurance (AS) or
Accident, Sickness and Unemployment Insurance (ASU) as part of their
application for a Personal Loan Agreement. This cover is underwritten by CUNA
Mutual Insurance Europe Limited.

Please refer to the individual terms and conditions of each product for further
details.

NOTES FOR BORROWERS GUIDANCE

The Personal Loan Agreement constitutes a Personal Loan Agreement

with Real Assesoria España. Should the Borrower have any doubts as to
the meaning of any part of the Personal Loan Agreement, the Borrower
should consider seeking independent advice from a Solicitor, the Citizens
Advice Bureau or other organisation.