Common use of Inversiones Exteriores Clause in Contracts

Inversiones Exteriores. To participate in the Plan, Optionee must comply with exchange control regulations in Spain that require that the purchase of Shares be declared for statistical purposes. If a Spanish financial institution executes the transaction, the institution will automatically make the declaration on Optionee’s behalf; otherwise, it is Optionee’s responsibility to make the declaration. In addition, Optionee must file a declaration of ownership of foreign securities each January.

Inversiones Exteriores. To participate in the Plan, Optionee Participant must comply with exchange control regulations in Spain that require that the purchase of Shares be declared for statistical purposes. If a Spanish financial institution executes the transaction, the institution will automatically make the declaration on OptioneeParticipant’s behalf; otherwise, it is OptioneeParticipant’s responsibility to make the declaration. In addition, Optionee Participant must file a declaration of ownership of foreign securities each January.