The undersigned:

1. Kredivo (Thailand) Co., Ltd., a company incorporated and existing under the laws of Thailand, having its registered office located at No. 349, SJ Infinite One Business Complex, Floor 20, Room No 2001-2005, Vibhavadi Rangsit Road, Chom Phon Sub-district, Chatuchak District, Bangkok 10900 (hereinafter referred to as the “Creditor” or the "Lender"), and is a licensed personal loan business operator supervised by the Bank of Thailand and the Ministry of Finance and is dully allowed to carry out personal loan services; and
2. Debtor, which details as set forth and referred to in this Financing Structure and Summary of Terms (“Debtor”).

The Lender and the Debtor are hereinafter collectively referred to as the “Parties”, and individually as a “Party”, hereby agree to enter into this Loan Facility Agreement for Ecommerce Financing Purpose (hereinafter referred to as the “Agreement”), a personal loan product under the supervision of Bank of Thailand, as follows in this Financing Structure and Summary of Terms:

{{$outerScope := .}}

1.	Type of Personal Loan	Ecommerce Financing
2.	Debtor (the “Debtor”)
	a. Name	{{ .UserName }}
	b. Thai ID Number	{{ .UserDocNumber }}
	c. Registered Address	{{ .UserAddress }}
3.	Goods and/or Services	{{ .Product }}
4.	Provider of Goods and/or Services	{{ .MerchantName }}
5.	Goods and/or Service Value	THB {{ .TotalProductAmount }}
6.	Debt Principal	THB {{ .PrincipalAmount }}
7.	Financing Period	{{ .Tenor }} months
8.	Repayment by the Debtor
	a. Every Date of Instalment	{{ range $index, $item := .DueDates }}{{ $item }}{{if ne $item $outerScope.LastTermDueDate}}, {{end}}{{end}}
	b. Expiry Date of Instalment or One-time Repayment	{{ .LastTermDueDate }}
	c. Interest Rate	2.08% per month effective reducing principal (not exceeding 25% p.a.). Total amount of overdue payments having passed the due date may be subject to late payment interests.
	d. Instalment Value per Month including Interest or One-time Repayment including Interest	THB {{ .InstallmentAmount }}
	e. Late Payment Penalty and Late Payment Fees	Total amount of overdue payments having passed the due date may be subject to late payment interests.
	f. Debt Collection Fees (if applicable)	50 THB per billing cycle (in case of default payment in one billing cycle only); or 100 THB per billing cycle (in case of default payment for more than one billing cycle) Debt Collection Fees may be amended by the Creditor in accordance with applicable laws and communicated accordingly to the Debtor
9.	Stamp Duty Fees	THB {{ .StampDutyFee }} to be paid by the Debtor to the Creditor in relation to Stamp Duty Fees incurred under applicable laws in relation to this Agreement.
10.	Correspondence Address
	a. Creditor	No. 349, SJ Infinite One Business Complex, Floor 20, Room No 2001-2005, Vibhavadi Rangsit Road, Chom Phon Sub-district, Chatuchak District, Bangkok 10900
	b. Debtor	{{ .UserAddress }}

Illustration of the Distribution of Principal, Interest, and Outstanding Amounts:

{{$outerScope := .}} {{ range $index, $installment := .Installments }} {{ end }}

INSTALLMENT PERIOD	DEBT PRINCIPAL (THB)	MONTHLY INTEREST RATE	TOTAL INTEREST (THB)	TOTAL PAID (THB)	INSTALLMENT PER MONTH (THB)	DUE DATE
{{ $installment.Sequence }}	{{ $installment.PrincipalDebt }}	{{ $outerScope.InterestRate }}	{{ $installment.TotalInterest }}	{{ $installment.TotalPaid }}	{{ $installment.InstallmentAmount }}	{{ $installment.DueDate }}

Instalment Payment Method

• Debtor is required to pay instalments on time on the due date stated in number 8 above
• Instalment payments by the Debtor are made by way of transfer to a bank account designated by the Creditor, as set out in the Debtor’s platform.

Unless stipulated otherwise in this Financing Structure and Summary of Terms, any terms or definition used in this Financing Structure and Summary of Terms shall have the same meaning and definition as the terms or definitions used in the Agreement.

This Financing Structure and Summary of Terms is subject to and forms an integral and inseparable part of the Agreement. The Debtor also confirms that it had agreed to be bound to the terms and conditions of the User Onboarding Agreement entered into between the Debtor and the Creditor.

The undersigned:

• Kredivo (Thailand) Co., Ltd., a company incorporated and existing under the laws of Thailand, having its registered office located at No. 349, SJ Infinite One Business Complex, Floor 20, Room No 2001-2005, Vibhavadi Rangsit Road, Chom Phon Sub-district, Chatuchak District, Bangkok 10900 (hereinafter referred to as the “Creditor” or the "Lender"), and is a licensed personal loan business operator supervised by the Bank of Thailand and the Ministry of Finance and is dully allowed to carry out personal loan services; and
• Debtor, as referred to in the Financing Structure and Summary of Terms (“Debtor”).

The Creditor and Debtor hereby agree to bind themselves and hereby enter into and sign this Loan Facility Agreement for Ecommerce Financing Purpose, based on the terms and conditions as follows: (hereinafter referred to as the “Agreement”).

• “Application” shall mean the digital application operated by Kredivo (Thailand) Co., Ltd. as platform for the purpose of providing financing from the Creditor to the Debtor.
• “Goods and/or Services” shall mean goods and/or services that are financed by the Creditor upon request by the Debtor and according to the Debtor’s needs and choice.
• “Debt Principal” shall mean the amount of Loan Facility provided to the Debtor to settle the purchase price of Goods and/or Services mentioned in the Financing Structure and Summary of Terms.
• “Debtor” shall mean the party obtaining the Loan Facility from the Creditor.
• ”Fees” shall mean fees that may be charged by the Creditor to the Debtor as advised in the Financing Structure and Summary of Terms.
• “Instalment” shall mean the Debt Principal together with the Interest paid periodically in every month at amount and on the date mentioned in the Financing Structure and Summary of Terms.
• “Interest” shall mean the effective interest rate mentioned in the Financing Structure and Summary of Terms (Interest Rate).
• “Loan Facility Agreement for Ecommerce Financing Purpose” (hereinafter referred to as a “Loan Facility”) shall mean the financing activity of Goods and/or Services purchased by the Debtor from the Provider of Goods or Service for personal use/consumption and not for business purposes.
• “Early Termination” shall mean the termination of this Agreement by the Debtor before the due date of the Repayment.
• “Financing Structure and Summary of Terms” shall mean structure and summary of the Loan Facility regulating the provision of the Loan Facility under this Agreement.
• “One-time Repayment” shall mean the Debt Principal together with the Interest to be paid on the date mentioned in the Financing Structure and Summary of Terms.
• “Provider of Goods and/or Services” shall mean the party selling Goods and/or Services to the Debtor.
• “Repayment” shall mean the Debtor's obligation to repay its loan (Debt Principal together with Interest) to the Creditor where each amount of Debt Principal together with the Interest mentioned in the Financing Structure and Summary of Terms shall be paid on time.

• The Debtor hereby acknowledges and approves that the Loan Facility obtained under this Agreement shall constitute the Creditor’s financing facility provided directly by the Creditor, thereby the Debtor acknowledges and approves that:
  • the Creditor has rights as lender/creditor under this Agreement as well as derivative agreements (if any) thereof forming integral and inseparable part of this Agreement together with all renewal and amendment thereto; and
  • for the Loan Facility obtained under this Agreement, each Debtor’s personal data and/or Instalment payment status may be checked, recorded, and reported to the National Credit Bureau and that any delay in Repayment may have an impact on the Debtor’s ability to seek future financing from Banks and/or other companies.
• The Creditor approves to provide the Loan Facility to the Debtor, and the Debtor approves to receive the Loan Facility from the Creditor, under the terms and conditions as set forth in this Agreement.
• Interest, fees and/or penalty:
  • The Debtor shall pay to the Creditor the Interest as determined in the Financing Structure and Summary of Terms (Interest Rate);
  • The Debtor shall pay fees stipulated in this Agreement as applicable and that are required to be paid at the signing of this Agreement and/or at the first request of the Creditor (Fees);
  • For every delay in Repayment, the Debtor may be subject to penalty for Late Payment and Late Payment Interest as well as Debt Collection Fees, as determined in the Financing Structure and Summary of Terms (Penalty).
• Cancellation
  For every cancellation of the Loan Facility due to the cancellation of the provision of Goods and/or Services, whether by the Debtor or by the provider of Goods and/or Services as stated in the Financing Structure and Summary of Terms, the following Instalment, Interest, fees and/or penalty (if any) will apply:
  • In the event cancellation is made to all Goods and/or Services, then if cancellation is made within 30 (thirty) days of the date of this Agreement, no Interest will be charged to the Debtor;
  • In the event cancellation is made to a portion of the Goods and/or Services, then if cancellation is made before 30 (thirty) days of the date of this Agreement, no Interest will be charged to the Debtor on the cancelled portion and Interest shall be charged and calculated on the remaining amount of the Loan Facility (for the Goods and/or Services that are not cancelled); or
  • In the event cancellation is made to a portion of the Goods and/or Services, then if the cancellation is made after 30 (thirty) days of the date of this Agreement, the Debtor is obliged to make payment of the Instalment of the Loan Facility not cancelled and shall cover the total Instalment (and penalty if any) of the remaining amount of the Loan Facility (for Goods and/or Services that are not cancelled).
  • In the event cancellation is made to all or partial Goods and/or Services after 30 (thirty) days as of the date of this Agreement, the mechanism applicable to the Debtor shall be as follows:
    • In the event cancellation of Goods and/or Services is made by the Debtor, then the Creditor will process such cancellation upon implementing verification based on each supporting documents submitted by the Debtor related to such cancellation;
    • In the event cancellation of Goods and/or Services is made by the Provider of Goods and/or Services, the Creditor will process such cancellation upon receiving and verify the cancellation request from such Provider of Goods and/or Services, whereby the Debtor may provide any supporting documents relevant to such cancellation, if it is deemed necessary to accelerate the verification process; and
    • In the event cancellation of Goods and/or Services is made by the Provider of Goods and/or Services, the Creditor will process such cancellation upon receiving and verify the cancellation request from such Provider of Goods and/or Services, whereby the Debtor may provide any supporting documents relevant to such cancellation, if it is deemed necessary to accelerate the verification process; and
    • process the waiver of the remaining Instalment payment obligation by the Debtor,
    • process the waiver over Interest or penalty (if any), in the event the cancellation is made before the Debtor make Instalment payment to the Creditor; or
    • process the refund of the Debtor’s payment, if the payment over Instalment has been made by the Debtor.
    • For the avoidance of doubt, in the event cancellation of Goods and/or Services is made by the Debtor within 30 (thirty) days from this Agreement, therefore:
    • The Creditor will process the refund of the Debtor’s Instalment payment if and as applicable; and
    • The Debtor is still required to make payment of Interest, fees, and other costs (if any) as mentioned in the Financing Structure and Summary of Terms.
• In the event there are differences in any details or information (including but not limited to information on Goods and/or Services and the amount of Instalment payments caused by any decisions and/or changes upon request of the Debtor or Provider of Goods and/or Services (for example, including but not limited to in the event of partial cancellation)) between this Agreement and the information on the Application, therefore the Parties agree the information contained in the Application shall become the reference that will be used by the Parties. Such information is an inseparable part of this Agreement.
• In the event the Loan Facility under this Agreement contains promotional elements (in the form of discounts, fee reductions, vouchers, reduced Instalments or Interest and/or any other form of promotion) which have been taken, selected and approved by the Debtor on the Application, then the Debtor confirms he/she has read and understood all terms and conditions applied to the promotion, whereby such terms and conditions will be considered and read as an integral and inseparable part of this Agreement.

• The Loan Facility withdrawal can be made if the availability of funds in Thai Baht in the Creditor’s bank account is sufficient and only after the Debtor has fulfilled all conditions precedent set by the Creditor, including but not limited to having a sufficient credit limit.
• The Loan Facility withdrawal or disbursement in this Agreement will be made by way of direct payment by the Creditor to the Provider of Goods and/or Services or other parties designated by the Provider of Goods and/or Services, the amount of Debt Principal as stated in the Financing Structure and Summary of Terms, or other amount based on certain condition and situation as agreed in advance between the Creditor and Debtor, in order to settle the purchase price of the Goods and/or Services by the Debtor to the Provider of Goods and/or Services.
• The proof of payment by the Creditor to the Provider of Goods and/or Services or other parties designated by the Provider of Goods and/or Services amounting to the Debt Principal or other amount based on certain condition and situation as agreed in advance between the Creditor and the Debtor shall constitute evidence of receipt of money by the Debtor from the Creditor for the disbursement of the Loan Facility.
• The Debtor is responsible for all risks in any form, whether related to the delivery of Goods and/or the performance of Services by the Provider of Goods and/or Services to the Debtor as well as other risks generally borne by every purchaser for the Goods and/or Services purchased by the Debtor from the Provider of Goods and/or Services, as well as the risk of use and/or utilization of the said Goods and/or Services.

• The Debtor hereby acknowledges that he/she is correctly and validly indebted to the Creditor amounting to the Debt Principal as mentioned in the Financing Structure and Summary of Terms (Debt Principal).
• The Debtor hereby acknowledges that the amount of all loans indebted by the Debtor to the Creditor hereunder is based on the accounting and recordings of the Creditor. The Creditor’s accounting and recordings shall constitute evidence of all Debtor’s debts or obligations to the Creditor hereunder and binding to the Debtor.
• The amount indebted by the Debtor to the Creditor hereunder shall cover all amounts of Debt Principal, Interest, Instalment overdue, penalty, collection fees, stamp duty, taxes and other costs related to this Agreement.
• The Debtor hereby represents and warrants to the Creditor that the Debtor:
  • upon the signing of this Agreement is in healthy condition and is not/being treated at a hospital;
  • is not involved in any cases or disputes;
  • is not in bankruptcy and does not have knowledge of any events and/or circumstances which might lead to his/her bankruptcy in the next 3 months;
  • is not in default or declared in default by other third parties;
  • to enter into, sign, and execute this Agreement, the Debtor requires no prior approval from other persons/parties;
  • the provision of this Loan Facility to the Debtor will not cause an event of default/breach from the Debtor against any other third parties;
  • the Debtor is at least 20 years old, a Thai national, and is subject to the laws of Thailand; and
  • is a natural person having competence under applicable laws to enter into and perform the Loan Agreemen and has obtained all licenses and approvals (including, but not limited to spouse consent) as applicable to execute the Loan Agreement and to receive the Loan Facility from the Creditor.

• The Debtor shall repay its loan in a timely manner (Debt Principal together with Interest) to the Creditor in Instalment in accordance with each Instalment amount or in a One-time Repayment as set forth in the Financing Structure and Summary of Terms.
• The Debtor may be subject to pay the Creditor Late Payment Interest, Late Payment Fees, and Debt Collection Fees as set forth in the Financing Structure and Summary of Terms, and to pay for any other costs incurred to collect the outstanding Instalment money in the event the Creditor shall collect the money at the Debtor’s premise. The penalty and additional costs above can be collected upon demand and in lumpsum without prior notice from the Creditor to the Debtor.
• Unless otherwise stipulated, all Repayments shall be made to the Creditor. The payment by transfer or other method shall be made available on the Application by the Creditor and will be considered as payment when funds have been received in the Creditor’s bank account. If there are costs arising due to the imposition by Banks, thereby reducing the amount of payment that should be received by the Creditor, the Debtor shall pay upon demand and in lumpsum the remaining amount, together with penalty if any.
• In the event a date to make Repayment falls outside an official business day in Thailand, the payment shall be received into the Creditor’s Bank Account no later than one business day before the due date. If it is past the due date, the Debtor may be subject to Late Payment Penalty, Late Payment Fees, and other costs or fees as specified in the Financing Structure and Summary of Terms.

• The Debtor shall not have the possibility to terminate this Agreement before the final date of repayment mentioned in the Financing Structure and Summary of Terms.

• Without prior written approval from the Creditor, the Debtor, in any manner and reason whatsoever, shall not be entitled to transfer or assign its rights and obligations hereunder, whether partially or entirely, to any parties.
• The Creditor (“Assignor”) shall be entitled to and may, subject to giving prior written notice to the Debtor equivalent to 1 (one) instalment period, pledge, secure or in any manner assign or transfer its rights and obligations, whether partially or entirely, receivables or claims of the Creditor under this Agreement, including to transfer the powers conferred upon by the Debtor hereunder to Kredivo (Thailand) Co., Ltd. any other parties (“Assignee”), by entering into a subrogation, cession, joint financing agreement or other cooperation agreements, along with all rights, powers and warranties of the Creditor on the agreements, terms and conditions as deemed good by the Assignor. In the event this Agreement consists of 1 (one) Principal and/or Instalment Period only, the Debtor consents and further waives any rights to setup defence against the Creditor’s (“Assignor”) rights listed under this Article 7.2.

• The events below shall constitute negligence or default of this Agreement by the Debtor:
  • if an Instalment is overdue, the Debt Principal and Interest or other amounts payable hereunder are not fully settled on time as specified in this Agreement;
  • if the Debtor has failed to fulfill the terms or conditions in this Agreement and/or there is negligence or breach of the terms and conditions stipulated in this Agreement;
  • if a representation, certificate or document provided by the Debtor in relation to this Agreement are counterfeit, false or not in accordance with the actual condition in any matters considered important by the Creditor;
  • if the Debtor passes away or is placed in custody;
  • if the Debtor files an application for bankruptcy or to be provided with postponement of loan repayment (surseance van betaling) or due to any other reason no longer has the right to manage and control its assets or is declared bankrupt or an application or claim for bankruptcy has been filed against the Debtor by the competent agency; and/or
  • if the Debtor is involved in a case before the court, and/or all or part of Debtor’s assets, if any, are seized by the competent party or by other parties.
• If any of the events of default as referred to in paragraph 1 above occur(s), the Creditor may issue a warning to the Debtor through the details registered contact information provided by the Debtor to the Creditor. If any of the events of default referred to in paragraph 1 above occur(s) is not cured within a reasonable period as may be agreed between the Parties but shall no be longer than 30 days, the Creditor shall be entitled to terminate this Agreement, and allow, among others all the following acts:
  • immediately and simultaneously collect the entire amount(s) of the Debtor’s loan to the Creditor, whether already due or not, together with the Interest, penalty as well as all other costs arising hereunder;
  • if the Debtor fails to make payment as referred to in item (2a), the lapse of term has become evidence of the Debtor's negligence and the Creditor shall be entitled to take any legal actions deemed necessary to collect and receive all amounts owed by the Debtor under the Agreement; and/or
  • the Creditor’s obligations to provide further Loan Facility to the Debtor shall expire immediately.

The Debtor agrees that all costs regarding this Agreement as well as other costs arising from this Agreement and implementation thereof as well as all costs arising to collect the loan and enforcement of this Agreement will be borne and paid by the Debtor.

Any amount of money received by the Creditor hereunder or based on any derivative agreement related to this Agreement will be applied in the following order:

• first, to pay all costs and fees indebted or incurred by the Creditor under this Agreement;
• second, Late Payment Penalty and Late Payment Fees for overdue payments;
• third, for payment of Interest overdue; and
• fourth, for payment of Debt Principal, to be applied to the oldest payment due first.

If the Debtor has other agreement(s)/facilities with the Creditor, other than this Agreement, then:

• If an event of Default by the Debtor regarding this Agreement occurs, it shall also be construed that there is event of Default by the Debtor on the other agreement(s)/facilities made by the Debtor and the Creditor, and vice versa (Cross-Default).

• All correspondences or notifications shall be sent by each party to the other party in this Agreement shall be made by hand delivery, registered mail, email or delivered or via courier to the addresses as mentioned in this Agreement.
• The correspondences or notifications shall be considered received by the intended party: (i) on the signing date of the receipt by the Debtor or the Creditor or the Debtor’s or the Creditor’s representative(s), if delivered by hand or via courier service; (ii) on the date after 5 (five) business days as of the posting, if sent by the registered mail or as of the submission to the courier and sufficient if it is signed by the Debtor or the Creditor or the Debtor’s or the Creditor’s representative(s); and (iii) on the sending day if sent by email.
• If there is any change of address from the address above or the latest address recorded in each party, then the change shall be notified in writing to the other parties hereto no later than 5 (five) business days before the change of the relevant address. If the change of address is not notified, then the correspondences or notifications hereunder shall be considered provided accordingly by the sending of such letters or notices by hand-delivery, registered mail, email or delivered through the courier addressed to the address mentioned above or the latest address known or recorded in each party.

• Without prejudice to other provisions under this Agreement, in the event this Financing Period has expired as mentioned in the Financing Structure and Summary of Terms or based on the provisions mentioned in Article 12.2, the Debtor shall settle all of its debts to the Creditor, both in form of Debt Principal, Interest, Instalment overdue, Late Payment Penalty and Late Payment Fees and all other costs and fees payable (if any).
• If the Debtor passes away, all Debtor’s debts and obligations arising hereunder shall constitute debts and obligations of the Debtor’s heir(s).
• Any appendix, letter, document or addendum to this Agreement shall form an integral part of this Agreement and therefore binds the Creditor and the Debtor.
• The Debtor has read and understood all provisions contained in this Agreement, and the Debtor represents that it has received clear and correct information on this Loan Facility and any other facilities provided by the Creditor to the Debtor. The Debtor hereby represents that it will comply with this Agreement together with appendices thereto.
• If any of the provision(s) in this Agreement become unlawful or unenforceable or invalid or declared null and void due to government regulations or a court’s judgment, such matter shall not affect the validity of the other provisions in this Agreement, and the other provisions shall remain valid, binding and enforceable as stipulated in this Agreement, in this case the Debtor and the Creditor agree to enter into and sign documents containing provisions to replace such unlawful or unenforceable provisions.
• This Agreement and all documents related to and arising from this Agreement, shall comply with the laws of Thailand.
• Any problems arising in connection with this Agreement shall, if possible, be resolved amicably. If the amicable settlement fails to be carried out within a period of 30 days from the date the matter arises ("First Grace Period"), then the Parties agree to resolve the matter through Mediation at Thai Arbitration Institute ("TAI") according to the rules and procedures for Mediation of TAI, within a maximum period of 30 (thirty) calendar days from the end of the First Grace Period or another period agreed by the Parties, if any (hereinafter referred to as the "Second Grace Period"). If no resolution has been reached through TAI within the Second Grace Period, then the Parties agree to resolve the matter through Arbitration in accordance with the rules and procedures of TAI Arbitration, taking place in Bangkok, Thailand, in the Thai language and decided by an Arbitration Panel consisting of 3 (three) Arbitrators. The decision of the TAI Arbitration shall be final and binding, and shall not prejudice the right and authority of one party to request execution or file a lawsuit against the other party based on this Agreement before another court within the territory of the Kingdom of Thailand, without prejudice to the rights and authorities of a party to submit an application for execution or file any claim/suit against the other party hereunder before any the other courts within the territory of the Kingdom of Thailand.
• This Loan Facility is provided only to Debtors who have received and/or are currently receiving financing facilities from Kredivo (Thailand) Co., Ltd. with good collectability records as customers of the financing facilities of the Creditor.
• Kredivo (Thailand) Co., Ltd. provides customer service support for Debtors, available as follows:
  • Phone :
  • Email : support.th@kredivo.com
  • Chat feature in the Application
  Complete provisions in connection with this service are available on the Application or website ("").

In witness whereof, this agreement is made on the day and date as mentioned below, in 2 (two) counterparts, where each counterparts is considered as the original copies, which when put together will constitute the same instrument, which has the same legal force for the Creditor and the Debtor. Each Party agrees that this Agreement and any other document to be delivered in connection herewith may be signed (and delivered) electronically or by entering a One-Time Password ("OTP") and that any electronic signature appearing on this Agreement or any other such document shall have the same effect as a wet ink signature for purposes of its validity, enforceability and binding effect.