License Agreement Terms - Bolsa de Madrid

SCHEDULE 2LISTING, INVOICING AND PAYMENT OF FEESInsurance and Deposit Contracts1. Listing of applicable fees. Initial fee: 1,000 Euros. Annual fee in consideration for use: one per twenty thousand.2. The initial fee shall be paid prior to the marketing of the product 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. The annual fee in consideration for use shall be paid within the twenty days following December31st of each year and shall be calculated by applying the percentage set out in the tariff listingreferenced to the IBEX 35® Index volume achieved by the financial products related to the IBEX35® Index and referred to in the present contract as of December 31st. To this end, the Entity shallnotify the volume of such products as of the proceeding December 31st within the first five workingdays of each year.4. Should the time transpiring between the signing of the present contract and December 31st be lessthan one calendar year, the tariff in consideration for use shall be applied proportionately to theamount of time transpiring since the date of signing of the present contract.5. Should the contract or any extension thereof be terminated prior to the completion of a calendaryear, the Entity shall, within the five days immediately following the date of such termination, notifyreferenced to the IBEX 35® Index volume of the products as of the date immediately prior to thesame, so that Sociedad de Bolsas may invoice, as of December 31st of that year, the amount inconsideration for use corresponding to the last period of currency of the contract.6. 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.Said 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.9