Common use of Order placed by email Clause in Contracts

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full responsibility for all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status of the order transmitted (status of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, the Bank shall not under any circumstances be liable for delays in execution caused by such checks and the Client shall assume full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully lawf ully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full f ull responsibility for f or all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent f raudulent use of this method of transmission, particularly in the case of a falsification f alsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event ev ent of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case c ase of doubt as to the status of the order transmitted (status of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders receivedreceiv ed, by means of a call-back or other method, and ask for f or the order to be formulated f ormulated again. In that case, the Bank shall not under any circumstances be liable held responsible for delays in execution caused by such checks and the Client shall assume full f ull responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the partiespart ies. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully lawf ully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full f ull responsibility for f or all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent f raudulent use of this method of transmission, particularly in the case of a falsification f alsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event ev ent of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status of the order transmitted (status of the message, the instructing instruct ing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders receivedreceiv ed, by means of a call-back or other method, and ask for f or the order to be formulated f ormulated again. In that case, the Bank shall not under any circumstances be liable for delays f or delay s in execution caused by such checks and the Client shall assume full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it he/she is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully on properly executed orders that which bear a signature appearing that appears to match the specimen sample signatures submitted or originating from sent f rom the electronic email address indicated by the Client, shall be duly released by receive valid discharge for the execution of said ordersthese orders and have no f urther liability. The Client must bear full f ull responsibility for f or all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent f raudulent use of this method of transmission, particularly in the case of a falsification f alsification or forgery that is undetectable for the Bank, Bank or a technical deficiency having altered the content of the message. The Bank’s liability can Bank is liable only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status quality of the order transmitted (status quality of the message, the instructing partyparty , etc.). In which case, the Bank may carry out any check on the lawfulness regularity of receiv ed orders received, by means of a call-back or other method, method and ask for the order to be formulated againrev ised and reissued. In that case, Where the Bank exercises this option, it shall not under any circumstances in no way be liable for delays f or delay s in execution caused by such checks these checks, and the Client shall assume assumes full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received receiv ed by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed on properly executing orders that which bear a signature appearing that appears to match the specimen sample signatures submitted or originating sent from the electronic email address indicated by the Client, shall be duly released by receive good discharge for the execution of said ordersthese orders and have no further liability. The Client must bear full assume responsibility for all the inherent risks and deal with all transactions executed in this mannerway, even if said these transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having that altered the content of the message. The Bank’s liability can Bank is liable only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status quality of the order transmitted (status quality of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, Where the Bank shall not under any circumstances exercises this option, it will in no way be liable for delays in execution caused by such these checks and the Client shall assume assumes full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.. CHAPTER 3 - CUSTODY ACCOUNT KEEPING SERVICE

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it he/she is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully on properly executed orders that which bear a signature appearing that appears to match the specimen sample signatures submitted or originating sent from the electronic email address indicated by the Client, shall be duly released by receive valid discharge for the execution of said ordersthese orders and have no further liability. The Client must bear full responsibility for all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, Bank or a technical deficiency having altered the content of the message. The Bank’s liability can Bank is liable only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status quality of the order transmitted (status quality of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness regularity of received orders received, by means of a call-back or other method, method and ask for the order to be formulated againrevised and reissued. In that case, Where the Bank exercises this option, it shall not under any circumstances in no way be liable for delays in execution caused by such checks these checks, and the Client shall assume assumes full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full responsibility for all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status of the order transmitted (status of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, the Bank shall not under any circumstances be liable held responsible for delays in execution caused by such checks and the Client shall assume full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.. CHAPTER 3 – CUSTODY ACCOUNT KEEPING SERVICE

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full responsibility for all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status of the order transmitted (status of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, the Bank shall not under any circumstances be liable held responsible for delays in execution caused by such checks and the Client shall assume full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.. CHAPTER 3 - CUSTODY ACCOUNT KEEPING SERVICE

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed orders that bear a signature appearing to match the specimen signatures submitted or originating from the electronic address indicated by the Client, shall be duly released by execution of said orders. The Client must bear full responsibility for all inherent risks and deal with all transactions executed in this manner, even if said transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having altered the content of the message. The Bank’s liability can only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status of the order transmitted (status of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, the Bank shall not under any circumstances be liable held responsible for delays in execution caused by such checks and the Client shall assume full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.. The Bank reserves the right to refuse any order relating to a complex financial instrument that does not correspond to the Client’s level of knowledge and experience as assessed in its Investor Profile. For orders transmitted by telephone or email, the Bank shall make every effort to

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed on properly executing orders that which bear a signature appearing that appears to match the specimen sample signatures submitted or originating sent from the electronic email address indicated by the Client, shall be duly released by receive good discharge for the execution of said ordersthese orders and have no further liability. The Client must bear full assume responsibility for all the inherent risks and deal with all transactions executed in this mannerway, even if said these transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having that altered the content of the message. The Bank’s liability can Bank is liable only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status quality of the order transmitted (status quality of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, Where the Bank shall not under any circumstances exercises this option, it will in no way be liable for delays in execution caused by such these checks and the Client shall assume assumes full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.. CHAPTER 3 – CUSTODY ACCOUNT KEEPING SERVICE

Order placed by email. It is expressly agreed that since the process of transmitting orders by email is the Client’s choice, the Client declares that it is aware of the risks inherent to said operating procedure. The Bank, when it has lawfully executed on properly executing orders that which bear a signature appearing that appears to match the specimen sample signatures submitted or originating sent from the electronic email address indicated by the Client, shall be duly released by receive good discharge for the execution of said ordersthese orders and have no further liability. The Client must bear full assume responsibility for all the inherent risks and deal with all transactions executed in this mannerway, even if said these transactions are the result of an improper or fraudulent use of this method of transmission, particularly in the case of a falsification or forgery that is undetectable for the Bank, or a technical deficiency having that altered the content of the message. The Bank’s liability can Bank is liable only be involved in the event of an incorrect execution of a clear and complete order. The Bank reserves the right to defer execution of the order, particularly in case of doubt as to the status quality of the order transmitted (status quality of the message, the instructing party, etc.). In which case, the Bank may carry out any check on the lawfulness of orders received, by means of a call-back or other method, and ask for the order to be formulated again. In that case, Where the Bank shall not under any circumstances exercises this option, it will in no way be liable for delays in execution caused by such these checks and the Client shall assume assumes full responsibility for any consequences that may arise. The Client may not hold the Bank liable in the event that it does not carry out such checks, since they are only an option for the Bank. The email received by the Bank or the photocopy that might be made of it as required by the Bank shall be considered proof between the parties. Similarly, only the dates and times of receipt of the message indicated by the receiving workstation will have contractual validity and not those indicated on the sending workstation.