License Agreement Terms - Bolsa de Madrid

1. Listing of applicable fees:SCHEDULE 2LISTING, INVOICING AND PAYMENT OF FEES. Up to 30 million Euros 3,100 Euros. Between 30 and 60 million Euros 6,000 Euros. More than 60 million Euros 8,000 Euros2. The initial fee shall be paid prior to the marketing of the issues referred to in the present contractand, in any case, within the twenty calendar days following the signing of the same. The Entitymust notify Sociedad de Bolsas of the effective date of marketing of such products as soon aspossible.3. Sociedad de Bolsas may require that the Entity provide the accounting and financial documentsnecessary to verify the information supplied for the purposes of calculating the amount of the fees.Such documentation shall be provided as soon as possible and shall not include any clientidentifying information. Sociedad de Bolsas shall retain this right for the term of one year followingthe date of termination of the present contract.4. In case of basket issues with an amount referred to IBEX 35 ® index not higher than 30 millioneuros, the fee will be divided by the number of indices referred in the issue.10