Common use of AUTHORITY AND INSTRUCTIONS Clause in Contracts

AUTHORITY AND INSTRUCTIONS. 7.1 You may communicate your dealing instructions to KBL verbally or electronically. If you give KBL instructions, such instructions must be received by KBL during normal business hours allowing sufficient time for KBL to act upon them. You agree that acceptance of an instruction to withdraw or amend an existing instruction is always subject to our receiving and confirming such instruction in time for the appropriate action to be taken. You agree that KBL may in its absolute discretion, refuse to accept an order or any other instruction. 7.2 KBL may act upon any instruction which it reasonably believes to have been given by an authorised representative of you. No liability shall attach to KBL if an instruction which it has accepted and acted upon as bona fide is subsequently discovered to have been forged, falsified or amended without your authority. 7.3 When KBL accepts a dealing instruction from you, KBL will seek to action it as soon as reasonably practicable in the circumstances. Where you place a client limit order with KBL in shares which are admitted to trading on a regulated market or traded on a trading venue and that order is not immediately executed under prevailing market conditions, KBL shall take measures to facilitate the earliest possible execution of that order by making public immediately that order in a manner which is easily accessible to other market participants unless you expressly instruct KBL otherwise. Such instruction may be upon provision of the relevant dealing instruction or alternatively communicated in advance as applicable to certain or all such dealing instructions. 7.4 In accepting your orders KBL does not represent or warrant that it will be possible to execute such order or that execution will be possible according to your instructions. KBL shall carry out an order on your behalf only when the relevant market is open for dealings, and KBL shall deal with any instructions received outside market hours as soon as possible when that relevant market is next open for business (in accordance with the rules of that market). 7.5 You confirm that, where provided, you have read and agree to our order execution policy. This policy may be updated from time to time and is available on our website. KBL will consider the continued placement of orders by you to constitute your continued consent to our order execution policy. 7.6 KBL may aggregate your order with our own account orders and orders of other clients. You hereby understand and accept that by combining your orders with those of other clients KBL must reasonably believe that this is in the overall best interests of our clients. However, aggregation may result in you obtaining a less favourable price in relation to a particular order.

AUTHORITY AND INSTRUCTIONS. 7.1 6.1 You may communicate your dealing instructions to KBL MS France verbally or electronically. If you give KBL MS France instructions, such instructions must be received by KBL MS France during normal business hours allowing sufficient time for KBL MS France to act upon them. You agree that acceptance of an instruction to withdraw or amend an existing instruction is always subject to our receiving and confirming such instruction in time for the appropriate action to be taken. You agree that KBL MS France may in its absolute discretion, refuse to accept an order or any other instruction. 7.2 KBL 6.2 MS France may act upon any instruction which it reasonably believes to have been given by an authorised representative of you. No liability shall attach to KBL MS France if an instruction which it has accepted and acted upon as bona fide is subsequently discovered to have been forged, falsified or amended without your authority. 7.3 6.3 When KBL MS ▇▇▇▇▇▇ accepts a dealing instruction from you, KBL MS ▇▇▇▇▇▇ will seek to action it as soon as reasonably practicable in the circumstances. Where you place a client limit order with KBL MS France in shares which are admitted to trading on a regulated market or traded on a trading venue and that order is not immediately executed under prevailing market conditions, KBL MS France shall take measures to facilitate the earliest possible execution of that order by making public immediately that order in a manner which is easily accessible to other market participants unless you expressly instruct KBL MS France otherwise. Such instruction may be upon provision of the relevant dealing instruction or alternatively communicated in advance as applicable to certain or all such dealing instructions. 7.4 6.4 In accepting your orders KBL MS ▇▇▇▇▇▇ does not represent or warrant that it will be possible to execute such order or that execution will be possible according to your instructions. KBL MS France shall carry out an order on your behalf only when the relevant market is open for dealings, and KBL MS France shall deal with any instructions received outside market hours as soon as possible when that relevant market is next open for business (in accordance with the rules of that market). 7.5 6.5 You confirm that, where provided, you have read and agree to our order execution policy. This policy may be updated from time to time and is available on our website. KBL MS France will consider the continued placement of orders by you to constitute your continued consent to our order execution policy. 7.6 KBL may aggregate your order with our own account orders and orders of other clients. You hereby understand and accept that by combining your orders with those of other clients KBL must reasonably believe that this is in the overall best interests of our clients. However, aggregation may result in you obtaining a less favourable price in relation to a particular order.

AUTHORITY AND INSTRUCTIONS. 7.1 6.1 You may communicate your dealing instructions to KBL MS France verbally or electronically. If you give KBL MS France instructions, such instructions must be received by KBL MS France during normal business hours allowing sufficient time for KBL MS France to act upon them. You agree that acceptance of an instruction to withdraw or amend an existing instruction is always subject to our receiving and confirming such instruction in time for the appropriate action to be taken. You agree that KBL MS France may in its absolute discretion, refuse to accept an order or any other instruction. 7.2 KBL 6.2 MS France may act upon any instruction which it reasonably believes to have been given by an authorised representative of you. No liability shall attach to KBL MS France if an instruction which it has accepted and acted upon as bona fide is subsequently discovered to have been forged, falsified or amended without your authority. 7.3 6.3 When KBL MS France accepts a dealing instruction from you, KBL MS France will seek to action it as soon as reasonably practicable in the circumstances. Where you place a client limit order with KBL MS France in shares which are admitted to trading on a regulated market or traded on a trading venue and that order is not immediately executed under prevailing market conditions, KBL MS France shall take measures to facilitate the earliest possible execution of that order by making public immediately that order in a manner which is easily accessible to other market participants unless you expressly instruct KBL MS France otherwise. Such instruction may be upon provision of the relevant dealing instruction or alternatively communicated in advance as applicable to certain or all such dealing instructions. 7.4 6.4 In accepting your orders KBL MS France does not represent or warrant that it will be possible to execute such order or that execution will be possible according to your instructions. KBL MS France shall carry out an order on your behalf only when the relevant market is open for dealings, and KBL MS France shall deal with any instructions received outside market hours as soon as possible when that relevant market is next open for business (in accordance with the rules of that market). 7.5 6.5 You confirm that, where provided, you have read and agree to our order execution policy. This policy may be updated from time to time and is available on our website. KBL MS France will consider the continued placement of orders by you to constitute your continued consent to our order execution policy. 7.6 KBL may aggregate your order with our own account orders and orders of other clients. You hereby understand and accept that by combining your orders with those of other clients KBL must reasonably believe that this is in the overall best interests of our clients. However, aggregation may result in you obtaining a less favourable price in relation to a particular order.