The terms "UCPB", "Bank", "we", "us", "our", or "branch" in this General Terms and Conditions, shall refer to United Coconut Planters Bank, a corporation organized and existing under Philippine laws; while the terms "client", "you", "your", "yours" or "yourself" shall refer to a juridical and its duly authorized representative or to a natural person or persons availing of the PDC.biz facility (PDC.biz) described herein, and may be interchangeably used to refer to the juridical person's authorized representative.

In case you are a natural person, you are declaring to us that you are of legal age, have the capacity to enter into a binding agreement and agree to be bound by these terms and conditions. In the event that your account is a joint "Or" account, you warrant that your co- depositor(s) is/are aware of and agrees that you are registering your joint "Or" account in PDC.biz as described below and you declare under penalties of perjury that your co-depositor(s) is/are still living.

3.1

Access to PDC.biz requires that you first avail of the Bank's Post-Dated Check Warehouse Service. This service allows you to deposit all your post-dated checks with the Bank for safekeeping and monitoring. Upon the arrival of the said checks' credit dates, UCPB shall automatically credit the post-dated checks to the account number you specified.

3.2

During enrollment to this abovementioned service, you agree to indicate the authorized personnel that shall be granted access to PDC.biz. You also agree to supply complete, truthful and valid information about said authorized personnel. The Bank shall use this information to process your registration to PDC.BIZ. You attest that the information you supply belongs to you or are owned by you including, but not limited to, accounts, personal/company information, valid email address, and agree to supply information as maybe required by PDC.biz.

3.3

In case of changes in the originally submitted list of personnel authorized to access PDC.biz (e.g. addition of new users, deletion of existing authorized user, etc.), you shall notify the Bank in writing of these changes before its effectivity date. Written notice received after the effectivity date would be processed by the Bank as soon as possible. However, you agree to hold us and/or any of our officers or representatives free and harmless from any delay, loss, liability, demand or claim of whatever nature due to the use of PDC.biz by your resigned and/or terminated employees that we have not yet dis-enrolled from the system because of the late receipt by the Bank of the notice.

4.1

You shall be able to access the services available in PDC.biz with the use of a valid User ID and Password. During registration to PDC.biz, UCPB shall provide you and your authorized personnel with User ID(s) together with a temporary Password. Upon initial log on to PDC.BIZ, the system shall prompt you to change this temporary password. Once changed, the new Password shall only be known to you.

4.2

All changes you make as to your users' access and in any information required by PDC.biz shall be logged in PDC.biz. You agree that UCPB may elect to send out notifications pertaining to these changes to you or your Company's officers as part of our audit trail requirements and for the enhancement of the security features of PDC.biz.

5.1

Upon initial log on in PDC.biz, certain information shall be requested from you to improve user access security. Said information shall be known only to the user. In case the user forgets his password, the system can generate a new password only after the user has successfully entered his responses to these security questions.

5.2

You acknowledge and agree that only you and the persons you have granted access to PDC.biz know your respective User ID(s) and Password(s). You likewise acknowledge and agree that only you and the persons you have granted access to PDC.biz have the sole option to change your respective User ID(s) and Password(s) by using PDC.biz anytime you may deem it necessary. Hence, you and the persons you have granted access to PDC.biz guarantee that you shall keep your respective ID(s) and Password(s) confidential and that the use of the User ID(s) and Password(s) in any and all transactions involving your enrolled account(s) shall be deemed by us as having been fully authorized by you. You agree that the unauthorized use of the User ID(s) and Password(s) involving your enrolled account(s) by any person shall be your sole responsibility and liability.

5.3

You agree to undertake to change your Password from time to time as you deem necessary or in the event that you feel that your Password has been compromised.

5.4

All transactions made by you through PDC.biz are automatically logged in PDC.biz for audit trail and for the enhancement of the security features of PDC.biz.

6.1

View Maturing Checks - you can view all post-dated checks that will mature on a specific date.

6.2

View Outstanding Checks - you can view all post-dated checks that remained outstanding to date.

6.3

View Posted Checks - you can view all post-dated checks that were credited to your account

6.4

View Pulled-Out Checks - you can view all post-dated checks that were pulled-out or cancelled from the warehouse.

6.5

View Reset Checks - you can view all post-dated checks whose credit dates were reset to a future date.

6.6

Reports - you can view different reports for monitoring post-dated check status. These reports can be printed for ready reference or download as a text file that can be opened using a spreadsheet program.

6.7

The information displayed in PDC.biz is updated by the Bank at the end of every banking day. As such, there might be some delay of at most one (1) day in the actual status of the post-dated checks that have been processed by the Bank versus the check information viewed online, e.g. checks processed in the morning will not be reflected in PDC.biz until the next banking day. The client shall always refer to the date/time the system was last updated as a guide when viewing information in PDC.biz.

You may modify your responses to the security questions or change your password anytime by using the corresponding functions within PDC.biz.

You may send us a written notice with instructions to discontinue your use of PDC.biz. Upon receipt of this notice, we shall dis-enroll the User ID(s) you use in PDC.biz. Once your User ID(s) have been dis-enrolled from PDC.biz, you would not be able to use such User ID(s) to access the functions available in CM.BIZ.

9.1

Use of PDC.biz shall take effect once you receive from us your User ID(s) and temporary Password(s). As such, you agree to supply complete, truthful and valid information as required by PDC.biz.

9.2

You may access PDC.BIZ through the use of the Internet (access via personal computer). Charges related to connecting to the Internet including but not limited to, subscriptions, memberships, equipment, networking, and communications, shall be borne by you.

9.3

We reserve the right to cancel your access privilege to PDC.biz if, in our opinion, access to PDC.biz is being handled improperly.

9.4

By using PDC.biz, you hold us and/or any of our officers or representatives free and harmless from any delay, loss, liability, demand or claim of whatever nature due to or arising out of any error or event in connection with or resulting from the use of PDC.biz, including but not limited to computer error, computer off-line or telephone and/or mobile phone line interruption, or any other cause not reasonably within our control. You waive all rights of action against us in connection with the above.

9.5

We may amend any time any of these terms and conditions as we may deem it necessary for the best interest of both parties; provided, however, that such amendments shall not be contrary to banking laws and to the rules and regulations of the Bangko Sentral ng Pilipinas (BSP). You agree to be bound by such amendments.

9.6

Either part may terminate this agreement upon thirty (30) days prior written notice to the other party. The termination of this agreement shall not relieve any party of any of its obligations which may have accrued prior to the effective date of termination.

9.7

You agree to be bound by the terms and conditions of the Bank applicable to either savings or current account, ATM and Telebanking, which are made part and parcel of this agreement by way of reference, in so far as they are not inconsistent. You also agree that in cases where this agreement may be silent, the usual policies and procedures of the Bank shall govern.

9.8

Our failure to demand strict compliance with any of the terms and conditions herein stipulated shall not be construed as a waiver thereof. You agree that any waiver shall be made in writing and signed by both parties.

9.9

You agree that all suits arising out of this Agreement shall be exclusively lodged in the proper courts of Makati City.