Terms and Conditions of Citi PayLite : Monthly Installment Plan

I accept and understand that by having entered into a monthly installment plan (Citi PayLite) of Citibank, Bangkok Branch, I shall be deemed to have read, understood and agreed to comply fully with the terms and conditions of the Citi PayLite monthly installment plan (Terms and Conditions) as specified.

Thus within the purview of these Terms and Conditions, the term "Bank" refers to Citibank, Bangkok Branch. The term "I" refers to the Cardholder/Accountholder of the primary card and/or Supplementary card / or read credit account issued by the Bank that has entered into the Citi PayLite monthly installment plan. The term "Card or Account" refers to the Citi credit card or Citi ready credit account that I am holding and "Citi PayLite" or "Citi PayLite monthly installment plan" refers to the fact that I purchase goods and/or services from vendors or service providers in Thailand selected by the Bank by agreeing to pay for such goods/services including interest and other fees on the card in installments plan according to the total price of goods/services plus interest. The installments will be monthly and the length of time for the installments (Tenors) will be specified in the sales slips that are issued by the bank's authorization system whereby the Bank will request payment for the goods/services, interest and fees in monthly installments on my card.

CREDIT LIMIT

I accept and understand that I shall make payment to the Bank under the Citi PayLite monthly installment plan which is part of the card's credit limit and the payment for goods/services through the Citi PayLite resulting in a deduction from my credit card/ready credit Account limit and that all debts occurring under the Citi PayLite will be considered my credit card debt in accordance with my agreement as a member of Citi credit card. MONTHLY INSTALLMENTS PAYMENT

The monthly balance shown on the sales slip is the amount of money that I must pay to the Bank each month. This amount is calculated from the price of goods/services plus interest during the entire period of Citi PayLite divided by Tenor (which is chosen on the day that the goods or services are purchased.) The purchase of any goods or services through Citi PayLite enable the system to calculate interest and stated on the sales automatically. However, the Citi PayLite interest is subjected to change from time to time which depends on notifications and regulations set by the bank at a certain period. Citi Rewards point will be calculated from the principle of goods/services excluding interest and other fees. BILLING

The monthly installment payment as specified in the sales slip shall be billed to me according to the price of good/services and installment period, together with other debts that have occurred in my card/account statement. The due date of monthly installment payments is the same date of my monthly credit card/ready credit account statement due and shall commence on my next statement date and every month thereafter until the total installment prices are paid in full. Method of calculation for the Citi PayLite 1. Monthly installment will be the same amount each month, what calculated from principle plus interest from whole installment period divide by number of tenor

2. Interest in the first month will be calculated from purchase date which is approved until billing cycle as same as monthly statement date. For next tenors, calculation will be counted from the next date of first statement until the last. However, the principle and interest will be charged on credit card every month through the installment period. In any case, I acknowledge that I will not be able to change the Tenors, which I select on the purchase date. I agree and accept that the first monthly installment date may take place over or lower than the period of 30 days from the purchase date through Citi PayLite. In this case, total Citi PayLite interest rate when paid in full would not exceed the maximum interest rate regulated by the Bank of Thailand currently in force. MONTHLY PAYMENT

I acknowledge that I have to pay the monthly installments as required by the Bank in full each month, including the cost of goods, service fees and other debts that are incurred from the use of my card/account. I may pay the full amount or the minimum payment amount as specified in the statement for my card/account according to the terms and conditions of the Citi credit card membership agreement. In any case that I cannot afford to pay monthly installments in full, I acknowledge that the unpaid balance will be treated as outstanding debt balance in my credit card account/ ready credit account. INTEREST

I acknowledge that in the event that I fails to make payment within the payment due date, in addition to the default interest, I agrees that the Bank shall be entitled to the interest of the default principal during the period starting from the cycle cut date until the payment due date up to the maximum rate as applicable by law. PRE-PAYMENT

In the case that I wish to pay the remaining balance of Citi PayLite to the Bank before the completion of the installment period, I shall notify the Bank of this intention in writing or notify an officer through Citiphone Banking

Tel. 1588 whereby the payment of the balance will be a single payment of the entire remaining balance. SPECIAL TERMS

7.1. The Bank has the right to change the interest rate for the Citi PayLite whereby it will make a written notification at least 30 days in advance or in the case of an urgent the bank will notify by making an announcement in a Thai language daily newspaper with wide circulation at least 7 days in advance and follow this announcement with a written notification.

7.2. The Bank has the right to change the ratios, fees, penalties or expenses that it may bill under the Citi PayLite as the Bank deems fit whereby the Bank will make this notification in writing at least 30 days in advance.

7.3. The Bank has the right to cancel, improve, correct or change the terms and conditions. Any cancellation, improvement, correction or change shall be deemed part of this agreement whereby I agree to act according to the improved, corrected and changed terms and conditions as the Bank will notify me in an advance. In the case that the bank has notified me of any change in accordance with the abovementioned procedure, it shall be deemed that I am aware of such change. THE CHANGE RETURN AND/OR WARRANTY OF THE GOODS/SERVICES

Shall comply with the terms, conditions and warranty from the particular vendor or service provider. In the case that I wish to cancel my purchase and the vendor refuses to accept the return of the ordered good, I will be obligated to and responsible for debt payment under the Citi PayLite until the bank has received payment of the total outstanding balance. THE BANK HAS NO INVOLVEMENT IN THE PRODUCTION AND SALE OF THE GOODS/SERVICES

In case of product liabilities or any claim in relation to the quality of goods or services that have been purchased under the Citi PayLite, please contact directly to specific vendor or service provider who provides such goods or services. THE TOTAL BALANCE OF THE GOODS AND/OR SERVICES

Including interest and other fees that are due will be immediately collected upon the cancellation of the card in whatever circumstances. PART OF CARDMEMBER AGREEMENT

The terms and conditions of the Citi PayLite are a part of the Citi credit card agreement. Any other issues not specifically provided for under these terms and conditions shall be strictly governed by the terms and conditions of the Citi credit card agreement. INSURANCE PREMIUM

I agree to pay insurance premium at the rate of 0.53% per month on the monthly installments and on the total outstanding balance in the case that I enroll for a Creditshield Plus Plan that provides full protection for the outstanding balance on the card/account and total balance for goods and services including interest under the Citi PayLite that is within the credit limit of 300,000 Baht. Creditshield Plus will cover my spending, if I am unable to pay the outstanding balance to the Bank due to death, accident, or illness or permanent / temporary / partial disability.

Remarks:

Citibank has no involvement in the provision of the insurance scheme nor is a representative of the insurer, nor has any legal relationship with the insurance company. The insurance representative proposes the scheme which he sees as most beneficial to Citi credit card/Ready credit account members and the members have the choice whether to have insurance or not. In the case that any member requires insurance he will engage directly with the insurance company by going through an insurance agent whereby the Bank will facilitate collection of the insurance premium through the Citi credit card/Ready credit account only to pay the insurance agent.

Insurance agent:

Lockton Wattana Brokers (Thailand) Co., Ltd. Tel. 0-2635-5000 to 4203

Insurance Company: Ayudhaya Alliance C.P. Life Insurance Public Limited Company Tel. 1373