14. GOVERNING LAW AND DISPUTE RESOLUTION PROCEDURE

14.1 These Terms and Conditions shall be governed by and shall be construed according to the Laws of the Republic of Rwanda.

14.2 In the event that any claim or dispute arises out of or in connection with this Agreement, the parties shall, following service of written notice by one party on the other, attempt to resolve amicably by way of good faith negotiations and discussions any such dispute or claim as soon as reasonably practicable (and in any event within 14 calendar days after such notice or by such later date as the parties may otherwise agree in writing). Failing this, any dispute arising out of or in connection with this Agreement shall be referred to arbitration by a single arbitrator to be appointed by mutual Agreement between the Parties or in default of such Agreement within fourteen (14) days of the notification of a dispute, upon the application of either Party, by the Chairman for the time being of the Rwanda Branch of the Chartered Institute of Arbitrators of the United Kingdom. Such arbitration shall be conducted in Nairobi in accordance with the Rules of Arbitration of the said Institute and subject to and in accordance with the provisions of the Arbitration Act 1995.

14.3 The Bank and the Customer hereby submit to the non-exclusive jurisdiction of the Courts of Rwanda and the Bank shall be at liberty to enforce anywhere a judgment in any jurisdiction where the Customer carries on business or has any asset.