Common use of PROCEDURES FOR OPENING THE ACCOUNT Clause in Contracts

PROCEDURES FOR OPENING THE ACCOUNT. Once the contracting parties have signed the application requesting the opening of a f inancial instrument account by the Bank, a f inancial instrument account is opened on the Client’s behalf. Any incomplete applications f or new accounts (application not signed, missing supporting documents, etc.) will be automatically rejected. Additionally , the Client may not initiate any transaction before the account has received the f unds and/or financial instruments necessary for its operation. This opening requires the Client to have a current cash account opened in the Bank’s books, the operating procedures of which are shown in the Agreement signed for that purpose. Said current account serves as a pre-concentration account and shall record both debit and credit amounts in cash originating from transactions effected on the f inancial instruments account. Additionally , as part of a related entry, the Bank shall reserve the right to approve this opening. Subject to the special procedures described hereinafter, said approval shall be deemed to hav e been granted after a period of seven business days from signature of this Agreement. In the absence of approval, the Bank shall inform the Client of this by letter. The f inancial instruments account is opened in the name of a single person, as designated in the special terms and conditions. For the purposes of opening and operating the f inancial instruments account, the necessary arrangements are made f or the signature(s) of representatives as designated in the special terms and conditions to be deposited with the Bank. The Client may initiate transactions provided the funds and/or financial instruments required f or the respective operation of the financial instrument account and associated cash account are credited thereto and/or recorded in the account. Any new f inancial instruments account opened subsequently by the Client with the Bank shall be governed by these terms and conditions, unless specifically stipulated otherwise (in particular, if another Financial instruments agreement is signed). Furthermore, if the Bank and the Client agree that the Client may access the markets directly , they shall enter into an Agreement for that purpose. The serv ices or products presented in the Agreement may be subject to restrictions in certain countries pursuant to domestic regulations applicable in those countries. It is the Client’s responsibility to make sure that it is authorised to invest in said products and to use the services pertaining thereto. The serv ices rendered under this Agreement apply to financial securities as defined by Article L.211-1 of the French Monetary and Financial Code and set out in article 6 of this Agreement. The Bank draws the Client’s attention to the f act that such an agreement permits access to financial instruments that involve particular risks because of their specific characteristics or the transactions to be executed or that have a price that depends on f luctuations of financial markets over which the Bank has no influence and that past perf ormance is not an indicator of future performance. Please ref er to the Appendix to this Agreement on financial securities and associated risks.

PROCEDURES FOR OPENING THE ACCOUNT. Once the contracting parties have signed the application requesting the opening of a f inancial financial instrument account by the Bank, a f inancial financial instrument account is opened on the Client’s behalf. Any incomplete applications f or for new accounts (application not signed, missing supporting documents, etc.) will be automatically rejected. Additionally In addition, the Client may not initiate any transaction before the account has received the f unds funds and/or financial instruments necessary for its operation. This opening requires the Client to have a current cash account opened in the Bank’s books, the operating procedures of which are shown in the Agreement signed for that purpose. Said current account serves as a pre-concentration account and shall record both debit and credit amounts in cash originating from transactions effected on the f inancial financial instruments account. Additionally Additionally, as part of a related entry, the Bank shall reserve the right to approve this opening. Subject to the special procedures described hereinafter, said approval shall be deemed to hav e have been granted after a period of seven business days from signature of this Agreement. In the absence of approval, the Bank shall inform the Client of this by letter. The f inancial financial instruments account is opened in the name of a single person, as designated in the special terms and conditions. For the purposes of opening and operating the f inancial financial instruments account, the necessary arrangements are made f or for the signature(s) of representatives as designated in the special terms and conditions to be deposited with the Bank. The Client may initiate transactions provided the funds and/or financial instruments required f or for the respective operation of the financial instrument account and associated cash account are credited thereto and/or recorded in the account. Any new f inancial financial instruments account opened subsequently by the Client with the Bank shall be governed by these terms and conditions, unless specifically stipulated otherwise (in particular, if another Financial instruments agreement is signed). Furthermore, if the Bank and the Client agree that the Client may access the markets directly directly, they shall enter into an Agreement for that purpose. The serv ices services or products presented in the Agreement may be subject to restrictions in certain countries pursuant to domestic regulations applicable in those countries. It is the Client’s responsibility to make sure that it is authorised to invest in said products and to use the services pertaining thereto. The serv ices rendered under this Agreement apply to financial securities In the context of implementing the US regulation known as defined by Article L.211-1 of the French Monetary and Financial Code and set out in article 6 of this Agreement. The Bank draws the Client’s attention to the f act that such an agreement permits access to financial instruments that involve particular risks because of their specific characteristics or the transactions to be executed or that have a price that depends on f luctuations of financial markets over which “Qualified Intermediary - QI”, the Bank has no influence signed an agreement with the US Inland Revenue Service (“IRS”) through which it becomes a Qualified Intermediary (QI) for it. Said agreement subordinates the application of reduced rates for withholding tax on US sourced investment income as provided for by US internal law or the tax treaties in force between the USA and the payee’s State of residence, to identification by the Bank of the beneficial owner of income from US transferable securities held by the latter in the Bank’s books. In this context, the Client must at any time provide the information and necessary supporting documents relating to its identity and residence for tax purposes. In that past perf ormance is not an indicator of future performance. Please ref er respect, a US Person Client will need to provide the Appendix Bank with a W9 form prior to this Agreement on financial securities and associated risksopening its account while a non US Person Client will need to provide the Bank with a W8-BEN form when purchasing US transferable securities.

PROCEDURES FOR OPENING THE ACCOUNT. Once the contracting parties have signed the application requesting the opening of a f inancial financial instrument account by the Bank, a f inancial financial instrument account is opened on the Client’s behalf. Any incomplete applications f or for new accounts (application not signed, missing supporting documents, etc.) will be automatically rejected. Additionally In addition, the Client may not initiate any transaction before the account has received the f unds funds and/or financial instruments necessary for its operation. This opening requires the Client to have a current cash account opened in the Bank’s books, the operating procedures of which are shown in the Agreement signed for that purpose. Said current account serves as a pre-concentration account and shall record both debit and credit amounts in cash originating from transactions effected on the f inancial financial instruments account. Additionally Additionally, as part of a related entry, the Bank shall reserve the right to approve this opening. Subject to the special procedures described hereinafter, said approval shall be deemed to hav e have been granted after a period of seven business days from signature of this Agreement. In the absence of approval, the Bank shall inform the Client of this by letter. The f inancial financial instruments account is opened in the name of a single person, as designated in the special terms and conditions. For the purposes of opening and operating the f inancial financial instruments account, the necessary arrangements are made f or for the signature(s) of representatives as designated in the special terms and conditions to be deposited with the Bank. The Client may initiate transactions provided the funds and/or financial instruments required f or for the respective operation of the financial instrument account and associated cash account are credited thereto and/or recorded in the account. Any new f inancial financial instruments account opened subsequently by the Client with the Bank shall be governed by these terms and conditions, unless specifically stipulated otherwise (in particular, if another Financial instruments agreement is signed). Furthermore, if the Bank and the Client agree that the Client may access the markets directly directly, they shall enter into an Agreement for that purpose. The serv ices services or products presented in the Agreement may be subject to restrictions in certain countries pursuant to domestic regulations applicable in those countries. It is the Client’s responsibility to make sure that it is authorised to invest in said products and to use the services pertaining thereto. The serv ices rendered under this Agreement apply to financial securities as defined by Article L.211-1 of the French Monetary and Financial Code and set out in article 6 of this Agreement. The Bank draws the Client’s attention to the f act that such an agreement permits access to financial instruments that involve particular risks because of their specific characteristics or the transactions to be executed or that have a price that depends on f luctuations of financial markets over which the Bank has no influence and that past perf ormance is not an indicator of future performance. Please ref er to the Appendix to this Agreement on financial securities and associated risks.

PROCEDURES FOR OPENING THE ACCOUNT. Once the contracting parties have signed the application requesting the opening of a f inancial financial instrument account by the Bank, a f inancial financial instrument account is opened on the Client’s behalf. Any incomplete applications f or for new accounts (application not signed, missing supporting documents, etc.) will be automatically rejected. Additionally Additionally, the Client may not initiate any transaction before the account has received the f unds funds and/or financial instruments necessary for its operation. This opening requires the Client to have a current cash account opened in the Bank’s books, the operating procedures of which are shown in the Agreement signed for that purpose. Said current account serves as a pre-concentration account and shall record both debit and credit amounts in cash originating from transactions effected on the f inancial financial instruments account. Additionally Additionally, as part of a related entry, the Bank shall reserve the right to approve this opening. Subject to the special procedures described hereinafter, said approval shall be deemed to hav e have been granted after a period of seven business days from signature of this Agreement. In the absence of approval, the Bank shall inform the Client of this by letter. The f inancial financial instruments account is opened in the name of a single person, as designated in the special terms and conditions. For the purposes of opening and operating the f inancial financial instruments account, the necessary arrangements are made f or for the signature(s) of representatives as designated in the special terms and conditions to be deposited with the Bank. The Client may initiate transactions provided the funds and/or financial instruments required f or for the respective operation of the financial instrument account and associated cash account are credited thereto and/or recorded in the account. Any new f inancial financial instruments account opened subsequently by the Client with the Bank shall be governed by these terms and conditions, unless specifically stipulated otherwise (in particular, if another Financial instruments agreement is signed). Furthermore, if the Bank and the Client agree that the Client may access the markets directly directly, they shall enter into an Agreement for that purpose. The serv ices services or products presented in the Agreement may be subject to restrictions in certain countries pursuant to domestic regulations applicable in those countries. It is the Client’s responsibility to make sure that it is authorised to invest in said products and to use the services pertaining thereto. The serv ices services rendered under this Agreement apply to financial securities as defined by Article L.211-1 of the French Monetary and Financial Code and set out in article 6 of this Agreement. If there is a debit balance at closure, this shall be bear interest as if said closure, at the legal rate increased by 5 points. Similarly, any transactions that the Bank has not been able to reverse shall bear interest at the same increased rate. Lastly, pursuant to Article 1343-2 of the French Civil Code, the parties agree that the interest on principal due for a full year shall itself bear interest. The Bank draws the Client’s attention to the f act fact that such an agreement permits access to financial instruments that involve particular risks because of their specific characteristics or the transactions to be executed or that have a price that depends on f luctuations fluctuations of financial markets over which the Bank has no influence and that past perf ormance performance is not an indicator of future performance. Please ref er refer to the Appendix to this Agreement on financial securities and associated risks.