TRANSACTION PROCEDURES

a) The MTN Mobile Money service will facilitate transfer of payments from the Client’s Customers by way of transactions initiated through the registered Customer’s mobile phones.

b) MTN shall (on its Mobile Money system) create a collections account (also known as Online Vendor Account) to which all collections will be held before liquidation to the Customer’s Bank account.

c) Every transaction shall be carried out as required, through the self -liquidation service in accordance with the Liquidation procedures. MTN may amend the provisions of the Transaction Manual from time to time.

FEES

This Schedule reflects the amounts that shall be applicable to Customers who use the MTN Mobile Money Payment Solution.

Fees are 3% of transaction amount.

1. MTN may change the above Schedule at its discretion.

2. MTN shall be entitled to a percentage of the value of the collection payment made by the Customer to the Client. The percentage will be determined after negotiation between MTN and the Client.

3. MTN shall be entitled to withhold the stipulated sum of withholding tax in accordance with and as required by the tax authorities in Ivory Coast and the laws of Ivory Coast. MTN further reserves the right to deduct any and all applicable government taxes and/or levies, which become applicable at any time during the subsistence of this Agreement.