Common use of Charges made in Foreign Currencies Clause in Contracts

Charges made in Foreign Currencies. If we receive a transaction or refund for processing in a currency other than Singapore Dollars (“Foreign Charge”), our currency conversion affiliate, AE Exposure Management Limited (“AEEML”) will convert it into US Dollars first (unless it was submitted to us in US Dollars) and convert it from US Dollars into Singapore Dollars. The conversion will take place on the date the Foreign Charge is processed by American Express, which may not be the same date on which the Foreign Charge was made as it depends on when the Foreign Charge was submitted to American Express. Exchange rate fluctuations can be significant. The exchange rate AEEML uses, which is called the “American Express Exchange Rate”, will be: • the rate required by applicable law or used as a matter of local custom or convention in the territory where the transaction or refund is made (in which case AEEML will look to be consistent with that custom or convention), or where this doesn’t apply; • based on interbank rates selected from customary industry sources on the business day prior to the processing date. We will increase the Foreign Charge by a single conversion commission of 2.95%. The American Express Exchange Rate is set each day from Monday to Friday including public holidays except for Christmas Day and New Year’s Day. You acknowledge that any refund of a Foreign Charge may be different to the Foreign Charge amount originally processed on your Card Account. The difference is generally because: • the refund and Foreign Charge may be processed on different days with different rates; • the refund may be only a partial refund for the Foreign Charge; or • where third parties convert charges in foreign currency, those third parties may treat refunds differently to the original foreign currency charge. When making a transaction in foreign currency, you may be given the option to allow a third party (for example, the retailer) to convert the transaction into Singapore Dollars before submitting it to us. If you decide to do this, then that third party will determine the exchange rate and any commission or fees payable for the currency conversion and submit that transaction to us in Singapore Dollars, meaning we will not convert the transaction or apply a currency conversion fee. It is your decision whether to use such third party currency conversion or not and in such cases, you should check the fees and charges before completing the transaction to ensure that you do not pay more than necessary.

Charges made in Foreign Currencies. If we receive you make a transaction or refund for processing charge in a currency other than Singapore Dollars (“Foreign Charge”), our currency conversion affiliate, AE Exposure Management Limited (“AEEML”) Australian dollars that charge will convert it be converted into US Dollars first (unless it was submitted to us in US Dollars) and convert it from US Dollars into Singapore DollarsAustralian dollars. The conversion will take place on the date the Foreign Charge charge is processed by American Expressus, which may not be the same date on which the Foreign Charge was you made your charge as it depends on when the Foreign Charge charge was submitted to American Expressus. Exchange If the charge is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the charge amount into U.S. dollars and then by converting the U.S. dollar amount into Australian dollars. If the charge is in U.S. dollars, it will be converted directly into Australian dollars. Unless a specific rate fluctuations can be significant. The exchange rate AEEML uses, which is called the “American Express Exchange Rate”, will be: • the rate required by applicable law or used as a matter of local custom or convention in law, you understand and agree that the territory where the transaction or refund is made (in which case AEEML American Express treasury system will look to be consistent with that custom or convention), or where this doesn’t apply; • use conversion rates based on interbank rates selected that it selects from customary industry sources on the business day prior to the processing date. We will increase the Foreign Charge , increased by a single conversion commission of 2.95%as set out in the Financial Table or as otherwise disclosed by us. If charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates and may include a commission selected by them. The American Express Exchange Rate amount of any refund of a charge made in foreign currency will generally differ from the amount of the original charge because: • in most cases, the rate applied to any refund will differ from the original rate applied to the charge; and • any currency conversion commission charged on the original purchase is set each day from Monday not refunded. However, we do not charge an additional currency conversion commission on the refunded amount. Employee Card Members At your request we may issue a card on your account to Friday including public holidays except for Christmas Day another person (called an Employee Card Member). Employee Card Members must be aged at least 18 years. We may limit the number of Employee Cards issued on one account. We generally do not provide copies of agreements, statements, notices and New Year’s Dayother communications to an Employee Card Member. You acknowledge that any refund we will provide information to an Employee Card Member about their use of a Foreign Charge may be different to the Foreign Charge amount originally processed on your Card Account. The difference is generally because: • the refund and Foreign Charge may be processed on different days with different rates; • the refund may be only a partial refund for the Foreign Charge; or • where third parties convert charges in foreign currency, those third parties may treat refunds differently to the original foreign currency charge. When making a transaction in foreign currency, you may be given the option to allow a third party account (for example, example their charges). Please see the retailer) to convert “Liability” section of this agreement regarding the transaction into Singapore Dollars before submitting it to usliability of an Employee Card Member for charges made by that Employee Card Member. If you decide to do this, then that third party will determine the exchange rate You agree and any commission or fees payable for the currency conversion and submit that transaction to us in Singapore Dollars, meaning we will not convert the transaction or apply a currency conversion fee. It is your decision whether to use such third party currency conversion or not and in such cases, you should check the fees and charges before completing the transaction are responsible to ensure that you do not pay more than necessaryeach Employee Card Member reads, understands and complies with this agreement including the Financial Table and any notices and other communications that we may send to you. To cancel an Employee Card, please see the “Default/Closing Your Account” section of this agreement.

Charges made in Foreign Currencies. If we receive you make a transaction or refund for processing charge in a currency other than Singapore Dollars (“Foreign Charge”), our currency conversion affiliate, AE Exposure Management Limited (“AEEML”) New Zealand dollars that charge will convert it be converted into US Dollars first (unless it was submitted to us in US Dollars) and convert it from US Dollars into Singapore DollarsNew Zealand dollars. The conversion will take place on the date the Foreign Charge charge is processed by American Expressus, which may not be the same date on which the Foreign Charge was you made your charge as it depends on when the Foreign Charge charge was submitted to American Expressus. Exchange If the charge is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the charge amount into U.S. dollars and then by converting the U.S. dollar amount into New Zealand dollars. If the charge is in U.S. dollars, it will be converted directly into New Zealand dollars. Unless a specific rate fluctuations can be significant. The exchange rate AEEML uses, which is called the “American Express Exchange Rate”, will be: • the rate required by applicable law or used as a matter of local custom or convention in law, you understand and agree that the territory where the transaction or refund is made (in which case AEEML American Express treasury system will look to be consistent with that custom or convention), or where this doesn’t apply; • use conversion rates based on interbank rates selected that it selects from customary industry sources on the business day prior to the processing date. We will increase the Foreign Charge , increased by a single conversion commission of 2.95%as set out in the Financial Table or as otherwise disclosed by us. If charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates and may include a commission selected by them. The American Express Exchange Rate amount of any refund of a charge made in foreign currency will generally differ from the amount of the original charge because: • in most cases, the rate applied to any refund will differ from the original rate applied to the charge; and • any currency conversion commission charged on the original purchase is set each day from Monday not refunded. However, we do not charge an additional currency conversion commission on the refunded amount. Employee Card Members At your request, we may issue a Card on your account to Friday including public holidays except for Christmas Day another person (called an Employee Card Member). We may limit the number of Employee Cards issued on one account. We generally do not provide copies of agreements, statements, notices and New Year’s Dayother communications to an Employee Card Member. You acknowledge that any refund we will provide information to an Employee Card Member about their use of a Foreign Charge may be different to the Foreign Charge amount originally processed on your Card Account. The difference is generally because: • the refund and Foreign Charge may be processed on different days with different rates; • the refund may be only a partial refund for the Foreign Charge; or • where third parties convert charges in foreign currency, those third parties may treat refunds differently to the original foreign currency charge. When making a transaction in foreign currency, you may be given the option to allow a third party account (for example, example their charges). Please see the retailer) to convert “Liability” section of this agreement regarding the transaction into Singapore Dollars before submitting it to usliability of an Employee Card Member for charges made by that Employee Card Member. If you decide to do this, then that third party will determine the exchange rate You agree and any commission or fees payable for the currency conversion and submit that transaction to us in Singapore Dollars, meaning we will not convert the transaction or apply a currency conversion fee. It is your decision whether to use such third party currency conversion or not and in such cases, you should check the fees and charges before completing the transaction are responsible to ensure that you do not pay more than necessaryeach Employee Card Member reads, understands and complies with this agreement including the Financial Table and any notices and other communications that we may send to you. To cancel an Employee Card, please see the “Default/Closing Your Account” section of this agreement.