<SEC-DOCUMENT>0000950103-24-011521.txt : 20240802
<SEC-HEADER>0000950103-24-011521.hdr.sgml : 20240802
<ACCEPTANCE-DATETIME>20240802142736
ACCESSION NUMBER:		0000950103-24-011521
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20240802
DATE AS OF CHANGE:		20240802

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELEFONICA S A
		CENTRAL INDEX KEY:			0000814052
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			U3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48542
		FILM NUMBER:		241170222

	BUSINESS ADDRESS:	
		STREET 1:		GRAN VIA 28
		CITY:			28013 MADRID
		STATE:			U3
		ZIP:			00000
		BUSINESS PHONE:		00 34 91 584 0640

	MAIL ADDRESS:	
		STREET 1:		GRAN VIA 28
		CITY:			28013 MADRID
		STATE:			U3
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL TELEPHONE COMPANY OF SPAIN
		DATE OF NAME CHANGE:	19880708

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRITERIA CAIXA, S.A.U.
		CENTRAL INDEX KEY:			0002018922
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			U3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA DIAGONAL, 621
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08028
		BUSINESS PHONE:		34 93 409 21 21

	MAIL ADDRESS:	
		STREET 1:		AVENIDA DIAGONAL, 621
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08028
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>dp215887_sc13da.htm
<DESCRIPTION>FORM SC 13D/A
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of 1934&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;(Amendment No. 2)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TELEF&Oacute;NICA, S.A.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Issuer) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Ordinary Shares, nominal value 1.00 euro per share&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Title of Class of Securities)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">879382208*&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(CUSIP Number)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CRITERIA CAIXA, S.A.U.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Avenida Diagonal, 621&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">08028, Barcelona, Spain&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Attn: Adolfo Feij&oacute;o Rey&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Tel: +34 93 409 21 21&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July 31, 2024&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Date of Event which Requires Filing of this
Statement)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the filing person has previously filed a statement
on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">* The CUSIP number is for the American Depositary
Shares, each representing one Ordinary Share. No CUSIP number exists for the underlying Ordinary Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information required on the remainder of this
cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (the &ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


<P STYLE="margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CUSIP No. 879382208*</B></FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; width: 6%; border-top: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; width: 94%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NAMES OF REPORTING PERSONS</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CRITERIA CAIXA, S.A.U.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) &#9744; (b) &#9744;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SEC USE ONLY</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SOURCE OF FUNDS</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">N/A</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
    ITEMS 2(d) or 2(e)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 4pt; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Spain</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="padding-left: 4pt; width: 16%; border-left: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NUMBER OF&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARES&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BENEFICIALLY&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">OWNED BY&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EACH&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">REPORTING&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PERSON&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WITH&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-left: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; width: 3%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; width: 80%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SOLE VOTING POWER</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">566,698,627 Ordinary Shares (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SHARED VOTING POWER</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0 (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SOLE DISPOSITIVE POWER</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">566,698,627 Ordinary Shares (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SHARED DISPOSITIVE POWER</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0 (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-top: black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 6%; padding-left: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; width: 94%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">566,698,627 Ordinary Shares (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; padding-left: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; padding-left: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.0%** (See Item 5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; padding-left: 4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14 </FONT></TD>
    <TD STYLE="padding-left: 10pt; vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>TYPE OF REPORTING PERSON</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CO</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* The CUSIP number is for the American Depositary Shares, each representing
one Ordinary Share. No CUSIP number exists for the underlying Ordinary Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">** This calculation is rounded up to the nearest tenth from 9.99% and
is based on 5,670,161,554 Ordinary Shares outstanding as disclosed in Telef&oacute;nica&rsquo;s corporate website on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Explanatory Note</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Amendment No. 2 (this &ldquo;<B>Amendment No</B>. <B>2</B>&rdquo;)
amends and supplements the statement on Schedule 13D filed by CRITERIA CAIXA, S.A.U., a <I>sociedad an&oacute;nima unipersonal </I>incorporated
under the laws of Spain (&ldquo;<B>Criteria Caixa</B>&rdquo; or the &ldquo;<B>Reporting Person</B>&rdquo;) with the U.S. Securities and
Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;) on April 12, 2024 (the &ldquo;<B>Initial Statement</B>&rdquo;) as amended by Amendment
No. 1 on Schedule 13D filed by Criteria Caixa with the SEC on July 1, 2024 (&ldquo;<B>Amendment No. 1</B>&rdquo;), relating to the beneficial
ownership of Ordinary Shares, nominal value 1.00 euro per share (the &ldquo;<B>Ordinary Shares</B>&rdquo;), of Telef&oacute;nica, S.A.,
a <I>sociedad an&oacute;nima</I> incorporated under the laws of Spain (&ldquo;<B>Telef&oacute;nica</B>&rdquo; or the &ldquo;<B>Issuer</B>&rdquo;).
The Initial Statement, as amended and supplemented from time to time, is herein referred to as the &ldquo;<B>Schedule 13D</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Amendment No. 2 is being filed to report the following events
in connection with the matters disclosed herein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a.</TD><TD>the entry by Criteria Caixa, the Dealer and CaixaBank, S.A. (&ldquo;<B>CaixaBank</B>&rdquo;) into the Share Pledge Agreement (as defined
below);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">b.</TD><TD>the entry by Criteria Caixa, the Dealer and CaixaBank into the Account Pledge Agreement (as defined below); and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">c.</TD><TD>the entry by Criteria Caixa and the Dealer into the Second A&amp;R SPA, amending and restating the First A&amp;R SPA, which in turn
amended and restated the Original SPA (each such term as defined below).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Items below amend the information disclosed under the corresponding
Items of the Schedule 13D as described below. Except as specifically provided herein, this Amendment No. 2 does not modify any of the
information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined shall have the respective
meanings ascribed to them in the Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3. <U>Source and Amount of Funds or Other Consideration</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 3 is hereby amended and restated to read in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Criteria Caixa acquired the Ordinary Shares reported in this Schedule
13D as a result of the Prior Purchases, the Original SPA and the First A&amp;R SPA (each such term as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Between December 27, 2017 and April 4, 2024, Criteria Caixa acquired
196,425,060 Ordinary Shares from various holders in the open market and in over-the-counter transactions (collectively, the &ldquo;<B>Prior
Purchases</B>&rdquo;). The aggregate purchase price of such Ordinary Shares was approximately &euro;1,013,328,705, which Criteria Caixa
funded from its working capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 5, 2024, Criteria Caixa entered into a Share Purchase Agreement
(the &ldquo;<B>Original SPA</B>&rdquo;) with Goldman Sachs International (the &ldquo;<B>Dealer</B>&rdquo;) to purchase an aggregate of
91.5 million Ordinary Shares (the &ldquo;<B>Original Sold Shares</B>&rdquo;). The Dealer sold the Original Sold Shares to Criteria Caixa
on the date of the Original SPA in exchange for payment of an initial price of &euro;3.977 per Original Share (or &euro;363,895,500 in
the aggregate) (the &ldquo;<B>First Share Sale Price</B>&rdquo;) based on the last closing price of the Ordinary Shares prior to execution
of the Original SPA, which Criteria Caixa funded from its working capital. On June 27, 2024, Criteria Caixa and the Dealer entered into
an Amended and Restated Share Purchase Agreement (the &ldquo;<B>First A&amp;R SPA</B>&rdquo;), amending and restating the Original SPA.
Pursuant to the First A&amp;R SPA, the Dealer sold an additional 278.8 million Ordinary Shares (the &ldquo;<B>Additional Sold Shares</B>&rdquo;,
and the Additional Sold Shares together with the Original Sold Shares, the &ldquo;<B>Number of Shares</B>&rdquo;) to Criteria Caixa on
the date of the First A&amp;R SPA in exchange for payment of an initial price of &euro;3.993 per Additional Sold Share (or &euro;1,113,142,853
in the aggregate) (the &ldquo;<B>Second Share Sale Price</B>&rdquo;) based on the last closing price of the Ordinary Shares prior to execution
of the First A&amp;R SPA, which Criteria Caixa funded from its working capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The First A&amp;R SPA amended the terms of the Original SPA to provide
that the final price per Ordinary Share (the &ldquo;<B>Benchmark Price</B>&rdquo;) for the Number of Shares will generally be based on
the daily volume-weighted average price of the Ordinary Shares during the calculation period of the First A&amp;R SPA minus a discount,
with such Benchmark Price subject to adjustment pursuant to the terms and conditions of the First A&amp;R SPA and not to exceed an agreed
cap price. At final settlement of the transactions under the First A&amp;R SPA, which is expected to occur no later than the second quarter
of 2025, with respect to each of the Number of Shares (i) if the Benchmark Price exceeds the Initial Price (as defined below), Criteria
Caixa will pay such excess to the Dealer, and (ii) if the Initial Price exceeds the Benchmark Price, the Dealer will pay such excess to
Criteria Caixa. The &ldquo;<B>Initial Price</B>&rdquo; is equal to approximately &euro;3.952, representing an amount in euro equal to
((Original Sold Shares &times; &euro;3.827) + (Additional Sold Shares &times; Second Share Sale Price)) / Number of Shares, subject to
adjustment pursuant to the terms and conditions of the First A&amp;R SPA. Criteria Caixa&rsquo;s payment obligations under the First A&amp;R
SPA are expected to be funded from its working capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 31, 2024, (i) Criteria Caixa, as pledgor, the Dealer, as the
secured party, and CaixaBank, as custodian, entered into a deed (<I>p&oacute;liza</I>) of pledge (the &ldquo;<B>Share Pledge Agreement</B>&rdquo;)
creating a security interest in favor of the Dealer in respect of the Pledged Shares (as defined in the Share Pledge Agreement); and (ii)
Criteria Caixa, as pledgor, the Dealer, as the secured party, and CaixaBank, as the account bank, entered into a deed (<I>p&oacute;liza</I>)
of pledge (the &ldquo;<B>Account Pledge Agreement</B>&rdquo;) creating a security interest in favor of the Dealer in respect of the Cash
(as defined in the Account Pledge Agreement). The Share Pledge Agreement and the Account Pledge Agreement secure Criteria Caixa&rsquo;s
obligations to the Dealer under the Second A&amp;R SPA. Also on July 31, 2024, Criteria Caixa and the Dealer entered into a Second Amended
and Restated Share Purchase Agreement (the &ldquo;<B>Second A&amp;R SPA</B>&rdquo;), further amending and restating the First A&amp;R
SPA to, among other things, reflect the entry into the Share Pledge Agreement and the Account Pledge Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5. <U>Interest in Securities of the Issuer</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 5(d) is hereby amended and restated to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>Except as set forth in the Share Pledge Agreement, no person is known to Criteria Caixa to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares held by Criteria Caixa.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
6. <U>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</U>.</B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 6 is hereby amended and restated to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 5, 2024, Criteria Caixa entered into the Original SPA with
the Dealer to purchase the Original Sold Shares. The Dealer sold the Original Sold Shares to Criteria Caixa on the date of the Original
SPA in exchange for payment of the First Share Sale Price. On June 27, 2024, Criteria Caixa and the Dealer entered into the First A&amp;R
SPA, amending and restating the Original SPA. Pursuant to the First A&amp;R SPA, the Dealer sold the Additional Sold Shares to Criteria
Caixa on the date of the First A&amp;R SPA in exchange for payment of the Second Share Sale Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The First A&amp;R SPA amended the terms of the Original SPA to provide
that the Benchmark Price for the Number of Shares will generally be based on the daily volume-weighted average price of the Ordinary Shares
during the calculation period of the First A&amp;R SPA minus a discount, with such Benchmark Price subject to adjustment pursuant to the
terms and conditions of the First A&amp;R SPA and not to exceed an agreed cap price. At final settlement of the transactions under the
First A&amp;R SPA, which is expected to occur no later than the second quarter of 2025, with respect to each of the Number of Shares (i)
if the Benchmark Price exceeds the Initial Price, Criteria Caixa will pay such excess to the Dealer, and (ii) if the Initial Price exceeds
the Benchmark Price, the Dealer will pay such excess to Criteria Caixa.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 31, 2024, (i) Criteria Caixa, as pledgor, the Dealer, as the
secured party, and CaixaBank, as custodian, entered into the Share Pledge Agreement creating a security interest in favor of the Dealer
in respect of the Pledged Shares; (ii) Criteria Caixa, as pledgor, the Dealer, as the secured party, and CaixaBank, as the account bank,
entered into the Account Pledge Agreement creating a security interest in favor of the Dealer in respect of the Cash. The Share Pledge
Agreement and the Account Pledge Agreement secure Criteria Caixa&rsquo;s obligations to the Dealer under the Second A&amp;R SPA. Also
on July 31, 2024, Criteria Caixa and the Dealer entered into the Second A&amp;R SPA, further amending and restating the First A&amp;R
SPA to, among other things, reflect the entry into the Share Pledge Agreement and the Account Pledge Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the Original SPA, the First A&amp;R SPA,
the Share Pledge Agreement, the Account Pledge Agreement and the Second A&amp;R SPA does not purport to be complete and is qualified in
its entirety by reference to the full text of such agreements, which are attached as Exhibits 99.1 through 99.5 hereto, respectively,
and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as described above or elsewhere in this
Schedule 13D, neither Criteria Caixa, nor to its knowledge, any of the persons set forth in <U>Schedule A</U> hereto, has any other contracts,
arrangements, understandings or relationships (legal or otherwise) with any persons with respect to any securities of Telef&oacute;nica.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 7. <U>Material to be Filed as Exhibits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 7 is hereby amended and restated to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; width: 8%; border-bottom: black 1.5pt solid; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; width: 2%; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; width: 90%; border-bottom: black 1.5pt solid; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Original SPA between Criteria Caixa and the Dealer, dated April 5, 2024 (incorporated by reference to Exhibit 99.1 to the Initial Statement).</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; vertical-align: top; text-align: justify; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First A&amp;R SPA between Criteria Caixa and the Dealer, dated June 27, 2024 (incorporated by reference to Exhibit 99.2 to Amendment No. 1).</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><A HREF="dp215887_ex9903.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.3</FONT></A></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; vertical-align: top; text-align: justify; padding-bottom: 1pt"><A HREF="dp215887_ex9903.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share Pledge Agreement between Criteria Caixa, the Dealer and CaixaBank, dated July 31, 2024</FONT></A></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><A HREF="dp215887_ex9904.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.4</FONT></A></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; vertical-align: top; text-align: justify; padding-bottom: 1pt"><A HREF="dp215887_ex9904.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Pledge Agreement between Criteria Caixa, the Dealer and CaixaBank, dated July 31, 2024</FONT></A></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-top: 1pt; vertical-align: top; padding-bottom: 1pt"><A HREF="dp215887_ex9905.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.5</FONT></A></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; vertical-align: top; text-align: justify; padding-bottom: 1pt"><A HREF="dp215887_ex9905.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second A&amp;R SPA between Criteria Caixa and the Dealer, dated July 31, 2024</FONT></A></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SIGNATURE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After reasonable inquiry and to the best of his
knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated: August 2, 2024</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CRITERIA CAIXA, S.A.U.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 45%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ &Aacute;ngel Sim&oacute;n Grimaldos</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: &Aacute;ngel Sim&oacute;n Grimaldos</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
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<TYPE>EX-99.3
<SEQUENCE>2
<FILENAME>dp215887_ex9903.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit 99.3</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CRITERIA CAIXA, S.A.U.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(como Pignorante) / (as Pledgor)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">y / and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GOLDMAN SACHS INTERNATIONAL</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(como Parte Garantizada) / (as Secured Party)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">y / and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CAIXABANK, S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(como Depositario) / (as Custodian)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>P&Oacute;LIZA DE GARANT&Iacute;A FINANCIERA
    PIGNORATICIA SOBRE ACCIONES DE TELEF&Oacute;NICA, S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>/ </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEED (<I>P&Oacute;LIZA</I>) OF FINANCIAL SECURITY
    INTEREST OVER SHARES IN TELEF&Oacute;NICA, S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">CONTENTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 95%; text-align: justify; font-size: 11pt"><B>Clause</B></TD>
    <TD STYLE="width: 5%; text-align: right; font-size: 11pt"><B>Page</B></TD></TR>

<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">1.&nbsp;&nbsp;&nbsp;INTERPRETACI&Oacute;N
    Y DEFINICIONES</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">2.&nbsp;&nbsp;&nbsp;constituci&oacute;n
    de garant&iacute;a financiera pignoraticia Y TRASLADO POSESORIO</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">3.&nbsp;&nbsp;&nbsp;obligaciones
    garantizadas</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">4.&nbsp;&nbsp;&nbsp;car&aacute;cter
    indivisible de la Garant&iacute;a Financiera Pignoraticia</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">5.&nbsp;&nbsp;&nbsp;EXTENSI&Oacute;N
    de la GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">6.&nbsp;&nbsp;&nbsp;OBLIGACIONES
    DEL PIGNORANTE Y CONSERVACI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">7.&nbsp;&nbsp;&nbsp;DECLARACIONES
    Y GARANT&Iacute;AS DEL PIGNORANTE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">8.&nbsp;&nbsp;&nbsp;DECLARACIONES,
    GARANT&Iacute;AS y compromisos DEL Depositario</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">9.&nbsp;&nbsp;&nbsp;ejecuci&oacute;n
    de la GARANT&Iacute;A FINANCIERA pignoraticia</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">10.&nbsp;&nbsp;&nbsp;PODER
    IRREVOCABLE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">25</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">11.&nbsp;&nbsp;&nbsp;CESI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">12.&nbsp;&nbsp;&nbsp;extinci&oacute;n
    de la GARANT&Iacute;A FINANCIERA PIGNORATICIA y devoluci&oacute;n de las acciones PIGNORADAS</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">13.&nbsp;&nbsp;&nbsp;notificaciones</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">14.&nbsp;&nbsp;&nbsp;impuestos
    y gastos</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">3</FONT>0</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">15.&nbsp;&nbsp;&nbsp;Modificaci&Oacute;n
    DEL CONTRATO</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">16.&nbsp;&nbsp;&nbsp;CL&Aacute;USULAS
    NULAS O ANULABLES</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">17.&nbsp;&nbsp;&nbsp;copias</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">3</FONT>1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">18.&nbsp;&nbsp;&nbsp;IDIOMA</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">19.&nbsp;&nbsp;&nbsp;EFICACIA
    DE LA Garant&iacute;a Financiera Pignoraticia</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">20.&nbsp;&nbsp;&nbsp;LEY
    APLICABLE Y JURISDICCI&Oacute;N</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">21.&nbsp;&nbsp;&nbsp;RATIFICACI&Oacute;N
    DEL CONTRATO</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt">34</FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">Anexo
    (D) / SCHEDULE (D) COPIA DEL certificado DE propiedad DE LAS acciones / COPY OF THE ownership certificate for the shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">Anexo
    2.3 / SCHEDULE 2.3 COPIA DEL certificado DE GARANT&Iacute;A FINANCIERA PIGNORATICIA / COPY OF THE FINANCIAL SECURITY INTEREST CERTIFICATE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">anexo
    9.3 / SCHEDULE 9.3 NOTIFICACI&Oacute;N DE EJECUCI&Oacute;N / ENFORCEMENT NOTICE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD STYLE="text-align: left; text-indent: -35.3pt; padding-top: 0in; padding-bottom: 0in; padding-left: 35.3pt"><FONT STYLE="font-size: 10pt">ANEXO
    21 / SCHEDULE 21</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">&nbsp;</TD></TR>
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    <TD STYLE="padding-top: 4pt; width: 51%; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt; text-transform: none">P&Oacute;LIZA DE </FONT><FONT STYLE="font-size: 10pt">GARANT&Iacute;A <FONT STYLE="text-transform: none">FINANCIERA PIGNORATICIA SOBRE ACCIONES DE TELEF&Oacute;NICA, S.A.</FONT></FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">DEED (<I>P&Oacute;LIZA</I>) OF FINANCIAL SECURITY INTEREST OVER SHARES IN TELEF&Oacute;NICA, S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">En Madrid y Barcelona, a 31 de julio de 2024.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">In Madrid and Barcelona, on 31 July 2024.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Con la intervenci&oacute;n de D. Fernando Molina Stranz, Notario de Madrid y de su Ilustre Colegio, y en Barcelona, en la misma fecha, con la intervenci&oacute;n de D&ntilde;a. Blanca Pardo Garc&iacute;a, Notario de Barcelona y del Ilustre Colegio de Notarios de Catalu&ntilde;a, expresamente requeridos para este acto.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">With the intervention of Mr. Fernando Molina Stranz, Notary of Madrid and of its Illustrious Bar Association, and in Barcelona, on this same date, with the intervention of Ms. Blanca Pardo Garc&iacute;a, Notary of Barcelona and of the Catalonia&rsquo;s Illustrious Bar Association, expressly required for this purpose.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">REUNIDOS</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">BETWEEN</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>De una parte,</B></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>On one hand,</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: -0.5in">(1)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="text-transform: uppercase"><B>CRITERIA
    CAIXA, S.A.U. </B></FONT>una sociedad cuyos datos registrales son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza.
    Los datos personales de su(s) representante(s), as&iacute; como los del poder en virtud del cual comparece(n) son los que figuran en la
    intervenci&oacute;n de la presente p&oacute;liza (el &ldquo;<B>Pignorante</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">(1)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="text-transform: uppercase"><B>CRITERIA
    CAIXA, S.A.U. </B></FONT>a company which registration details are those set out in the intervention hereof. The personal details of its
    representative(s), as well as the details of the power of attorney by virtue of which such representative(s) appear(s) are those set out
    in the intervention hereof (the &ldquo;<B>Pledgor</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>De otra parte,</B></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>On the other hand,</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-variant: small-caps">(2)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>GOLDMAN
    SACHS INTERNATIONAL</B>, una sociedad cuyos datos registrales son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza.
    Los datos personales de su(s) representante(s), as&iacute; como los del poder en virtud del cual comparece(n) son los que figuran en la
    intervenci&oacute;n de la presente p&oacute;liza (la &ldquo;<B>Parte Garantizada</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-variant: small-caps">(2)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>GOLDMAN
    SACHS INTERNATIONAL</B>, a company which registration details are those set out in the intervention hereof. The personal details of its
    representative(s), as well as the details of the power of attorney by virtue of which such representative(s) appear(s) are those set out
    in the intervention hereof (the &ldquo;<B>Secured Party</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 0.5in; text-align: justify; text-indent: -0.5in; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>De otra parte,</B></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 39.75pt; text-align: justify; text-indent: -39.75pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>On the other hand,</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-variant: small-caps">(3)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>GOLDMAN
    SACHS INTERNATIONAL</B>, como agente de c&aacute;lculo (<I>Calculation Agent</I>) (el &ldquo;<B>Agente de C&aacute;lculo</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-variant: small-caps">(3)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>GOLDMAN
    SACHS INTERNATIONAL</B>, as calculation agent (the &ldquo;<B>Calculation Agent</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>Y, de otra parte,</B></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>And, on the other hand,</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-variant: small-caps">(4)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>CAIXABANK, S.A.</B>,
    una sociedad cuyos datos registrales son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza. Los datos personales
    de su(s) representante(s), as&iacute; como los del poder en virtud del cual comparece(n) son los que figuran en la intervenci&oacute;n
    de la presente p&oacute;liza (el &ldquo;<B>Depositario</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-variant: small-caps">(4)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>CAIXABANK,
    S.A.</B>, a company which registration details are those set out in the intervention hereof. The personal details of its representative(s),
    as well as the details of the power of attorney by virtue of which such representative(s) appear(s) are those set out in the intervention
    hereof (the &ldquo;<B>Custodian</B>&rdquo;).</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-left: 0.5in; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">El Depositario otorga la presente P&oacute;liza para tomar raz&oacute;n (i) de la constituci&oacute;n de la Garant&iacute;a Financiera Pignoraticia (que figura en la Cl&aacute;usula 2 siguiente); (ii) de las declaraciones, garant&iacute;as y compromisos (que figuran en la Cl&aacute;usula 8 siguiente); (iii) los mecanismos de ejecuci&oacute;n (que figuran en la Cl&aacute;usula 9 siguiente); y (iv) del cumplimiento de las obligaciones previstas para el mismo en virtud de la presente Garant&iacute;a Financiera Pignoraticia, incluyendo, sin limitaci&oacute;n la Cl&aacute;usula 13.</FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-left: 35.85pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Custodian executes this Deed for the purposes of acknowledging (i) the creation of the Financial Security Interest (as set out in Clause 2 below); (ii) the representation, warranties and undertakings (as set out in Clause 8 below); (iii) the enforcement mechanisms (as set out in Clause 9 below); and (iv) the compliance with the obligations provided for it under this Financial Security Interest, including, without limitation, Clause 13.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Cada uno de los intervinientes ser&aacute; denominado una &ldquo;<B>Parte</B>&rdquo; y conjuntamente, las &ldquo;<B>Partes</B>&rdquo;.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Each of the above, a &ldquo;<B>Party</B>&rdquo; and together, the &ldquo;<B>Parties</B>&rdquo;. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">El Pignorante y la Parte Garantizada reconoci&eacute;ndose mutuamente capacidad plena para otorgar la presente P&oacute;liza</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Pledgor and the Secured Party mutually recognising each other&rsquo;s capacity to enter into this Deed, hereby</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">EXPONEN</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">DECLARE</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="text-transform: uppercase">(A)</FONT></P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="text-transform: uppercase">Q</FONT>ue,
    en fecha 5 de abril de 2024, el Pignorante y la Parte Garantizada han suscrito una confirmaci&oacute;n (tal y como ha sido novada y refundida
    en cada momento y, en particular en el d&iacute;a de hoy, la &ldquo;<B>Confirmaci&oacute;n</B>&rdquo;), que suplementa, forma parte de,
    y est&aacute; sujeta al ISDA Master Agreement, junto con su Anexo de Soporte de Cr&eacute;dito (<I>Credit Support Annex</I>), suscrito
    en fecha 16 de diciembre de 2016 (el &ldquo;<B>Contrato M&aacute;ster ISDA</B>&rdquo;, y junto con la Confirmaci&oacute;n, el &ldquo;<B>Contrato</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(A)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">That, on 5
    April 2024, the Pledgor and the Secured Party have entered into a confirmation (as amended and restated from time to time and, in particular,
    on the date hereof, the &ldquo;<B>Confirmation</B>&rdquo;), which supplements, forms part of, and is subject to the ISDA Master Agreement,
    together with the Credit Support Annex thereof dated as of 16 December 2016 (the &ldquo;<B>ISDA Master Agreement</B>&rdquo;, and together
    with the Confirmation, the &ldquo;<B>Agreement</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">El Contrato ha sido otorgado sobre la base y el entendimiento de que la operaci&oacute;n reflejada en el mismo constituye una operaci&oacute;n financiera de la que se derivan obligaciones financieras principales, tal y como se definen en el Real Decreto-Ley 5/2005, de 11 de marzo, de reformas urgentes para el impulso de la productividad y para la mejora de la contrataci&oacute;n p&uacute;blica (tal y como pueda ser novado en cada momento) (en lo sucesivo, el &ldquo;<B>RDL 5/2005</B>&rdquo;), lo cual aceptan y manifiestan todas las Partes expresamente.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Agreement has been effected on the basis and the understanding that the transaction reflected therein is a financial transaction from which principal financial obligations arise, as defined in the Royal Decree-Law 5/2005, 11 March (hereinafter, as may be amended from time to time, the &ldquo;<B>RDL 5/2005</B>&rdquo;), all of which the Parties hereto expressly accept and represent.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(B)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Que en
    la presente fecha el Pignorante es propietario de, entre otras, 185.136.784 acciones ordinarias que han sido emitidas por Telef&oacute;nica,
    S.A. (el &ldquo;<B>Emisor</B>&rdquo;) bajo el c&oacute;digo &ldquo;ISIN&rdquo; (N&uacute;mero Internacional de Identificaci&oacute;n de
    Valores) ES0178430E18 y que est&aacute;n admitidas a negociaci&oacute;n en las bolsas de valores de Barcelona, Bilbao, Madrid y Valencia
    para su contrataci&oacute;n a trav&eacute;s del Sistema de Interconexi&oacute;n Burs&aacute;til, las cuales se encuentran &iacute;ntegramente
    desembolsadas y depositadas en la Cuenta de Custodia (seg&uacute;n este t&eacute;rmino se define a continuaci&oacute;n) (en adelante,
    las &ldquo;<B>Acciones</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(B)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">That as of
    the date hereof the Pledgor owns, among others, 185,136,784 fully paid ordinary shares issued by Telef&oacute;nica, S.A. (the &ldquo;<B>Issuer</B>&rdquo;)
    with the &ldquo;ISIN&rdquo; (International Securities Identification Number) code ES0178430E18, which are currently admitted to listing
    on the Barcelona, Bilbao, Madrid and Valencia stock exchanges for trading through the Automated Quotation System and deposited in the
    Custody Account (as this term is defined below) (hereinafter, the &ldquo;<B>Shares</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(C)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Que en
    la presente fecha, el Pignorante es el &uacute;nico y leg&iacute;timo titular de las Acciones, libres de toda carga o gravamen, conforme
    se acredita en el certificado de legitimaci&oacute;n expedido por el Depositario, en su condici&oacute;n de entidad actualmente encargada
    de la custodia y registro contable de las Acciones Pignoradas (tal y como dicho t&eacute;rmino se define a continuaci&oacute;n) en cuanto
    entidad participante en la Sociedad de Gesti&oacute;n de los Sistemas de Registro, Compensaci&oacute;n y Liquidaci&oacute;n de Valores,
    S.A. (&ldquo;<B>Iberclear</B>&rdquo;), copia del cual se adjunta a la presente P&oacute;liza como Anexo (D).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(C)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">That on the
    date hereof, the Pledgor is the sole and legitimate owner of the Shares, free from any liens, charges or encumbrances, as evidenced by
    the certificate issued by the Custodian, as an entity currently in charge of the custody and book-entry registration of the Pledged Shares
    (as such term defined below), in its capacity as a participant entity of the <I>Sociedad de Gesti&oacute;n de los Sistemas de Registro,
    Compensaci&oacute;n y Liquidaci&oacute;n de Valores, S.A.</I> (&ldquo;<B>Iberclear</B>&rdquo;). A copy of such certificate is attached
    hereto as Schedule (D).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(D)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Que el
    Pignorante se ha comprometido frente a la Parte Garantizada, de forma irrevocable e incondicional, a otorgar una garant&iacute;a financiera
    pignoraticia sometida a lo establecido en el RDL 5/2005 sobre todas y cada una de las Acciones en el haber de la Cuenta de Custodia (conjuntamente
    las &ldquo;<B>Acciones Pignoradas</B>&rdquo;) en garant&iacute;a del &iacute;ntegro y puntual pago y cumplimento de las Obligaciones Garantizadas
    (tal y como dicho t&eacute;rmino se define en la Cl&aacute;usula 2.1 siguiente). Las Partes declaran que el otorgamiento de la presente
    garant&iacute;a financiera pignoraticia sometida a lo establecido en el RDL 5/2005 es y ha sido una condici&oacute;n esencial para que
    la Parte Garantizada haya suscrito el Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(D)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">That the Pledgor
    has irrevocably and unconditionally undertaken before the Secured Party to grant a financial security interest subject to the RDL 5/2005
    over each and all of the Shares standing to the credit of the Custody Account, (jointly the &ldquo;<B>Pledged Shares</B>&rdquo;) as security
    for the full and timely payment and/or performance of the Secured Obligations (as such term is defined in Clause 2.1 below). The Parties
    declare that the granting of this financial security interest subject to the RDL 5/2005 is and has been an essential condition for the
    Secured Party to enter into the Agreement.</P>
    </TD></TR>
  </TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(E)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Que, en
    virtud de cuanto antecede, las Partes han convenido en suscribir esta p&oacute;liza (la &ldquo;<B>P&oacute;liza</B>&rdquo;) de Garant&iacute;a
    Financiera Pignoraticia (tal y como dicho t&eacute;rmino se define a continuaci&oacute;n) sobre las Acciones, sometida a lo establecido
    en el RDL 5/2005, de conformidad con las siguientes</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">(E)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Pursuant to
    the above, the Parties have agreed to enter into this deed (<I>p&oacute;liza</I>) (the &ldquo;<B>Deed</B>&rdquo;) of Financial Security
    Interest (as such term is defined below) over the Shares subject to the RDL 5/2005, in accordance with the following</P>
    </TD></TR>
  <TR>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">CL&Aacute;USULAS</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: center; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: center; text-transform: uppercase; font-weight: bold; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">CLAUSES</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">1.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">INTERPRETACI&Oacute;N
    Y DEFINICIONES</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">1.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">INTERPRETATION
    AND DEFINITIONS</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">1.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">A efectos
    de la presente P&oacute;liza, y salvo que otra cosa se establezca en la misma, los t&eacute;rminos que aparezcan con may&uacute;scula
    tendr&aacute;n el mismo significado que en el Contrato. En caso de discrepancia entre los t&eacute;rminos de la presente P&oacute;liza
    y los t&eacute;rminos del Contrato, prevalecer&aacute; lo previsto en el Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">1.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">For the purposes
    of this Deed, and unless otherwise provided herein, capitalised terms shall have the meaning ascribed to them in the Agreement. In case
    of discrepancy between the terms of this Deed and the terms of the Agreement, the provisions of the Agreement shall prevail.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Salvo que del contexto se deduzca lo contrario, las palabras (incluyendo las palabras definidas en la presente P&oacute;liza), en singular incluir&aacute;n el plural y viceversa, las palabras del g&eacute;nero masculino incluir&aacute;n el g&eacute;nero femenino y neutro, y las palabras que hagan referencia a una persona incluir&aacute;n una persona jur&iacute;dica o sociedad y viceversa.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Unless the context otherwise requires, words (including words defined in this Deed) denoting the singular number only shall include the plural and vice versa, words importing the masculine gender shall include the feminine and neuter genders, and words importing a person shall include a body corporate or firm and vice versa.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Cualquier referencia a cualquier documento incluye ese documento tal y como haya o pueda ser modificado, variado, cedido, novado, refundido o suplementado en cada momento y cualquier referencia a una parte incluir&aacute; a sus sucesores, cesionarios autorizados y sus beneficiarios autorizados.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Any reference to any document includes that document as it has or may be amended, varied, assigned, novated, restated or supplemented from time to time and any reference to a party shall include that party&rsquo;s successors in title, permitted assignees and permitted transferees.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">1.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Esta P&oacute;liza
    no modifica los t&eacute;rminos y condiciones del Contrato, que permanecer&aacute;n sujetos a sus propios t&eacute;rminos y condiciones.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">1.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">This Deed shall
    not alter of affect the terms and conditions of the Agreement which will remain in full force and effect subject to their own terms and
    conditions.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">1.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    y la Parte Garantizada manifiestan conocer y aceptar, en toda su integridad, los t&eacute;rminos y condiciones del Contrato del que son
    parte y por lo tanto tienen copia.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">1.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor and
    the Secured Parties state that they know and accept in full the terms and conditions of the Agreement to which they are a party and therefore
    have a copy.</P>
    </TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">1.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">A los prop&oacute;sitos
    de la presente P&oacute;liza:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">1.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">For the purposes
    of this Deed:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>D&iacute;as H&aacute;biles</B>&rdquo; significa un d&iacute;a (distinto de s&aacute;bado o domingo) en el que los bancos est&eacute;n abiertos para efectuar operaciones en Madrid y Barcelona.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Business Day</B>&rdquo; means a day (other than Saturday or Sunday) on which banks are open for business in Madrid and Barcelona.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Cuenta de Custodia</B>&rdquo; significa la cuenta de valores con n&uacute;mero [***] abierta con el Depositario a nombre del Pignorante.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Custody Account</B>&rdquo; means the securities account number [***] established with the Custodian in the name of the Pledgor.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Supuesto de Ejecuci&oacute;n</B>&rdquo; significa (i) la designaci&oacute;n por la Parte Garantizada de una fecha de vencimiento anticipada (<I>Early Termination Date</I>) de conformidad con el Contrato M&aacute;ster ISDA; (ii) el acaecimiento de un supuesto de incumplimiento (<I>Event of Default</I>) bajo el Contrato M&aacute;ster ISDA respecto del cual el Pignorante sea la parte incumplidora (<I>Defaulting Party</I>); o (iii) el acaecimiento de un supuesto de vencimiento (<I>Termination Event</I>) bajo el Contrato M&aacute;ster ISDA respecto del cual el Pignorante sea la parte afectada (<I>Affected Party</I>), en el entendido de que se considerar&aacute; que dicho Supuesto de Ejecuci&oacute;n ha dejado de existir si el Pignorante (antes de que la Parte Garantizada ejecute esta Garant&iacute;a Financiera Pignoraticia) ha cumplido &iacute;ntegramente las Obligaciones Garantizadas.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Enforcement Event</B>&rdquo; means (i) the designation by the Secured Party of an Early Termination Date pursuant to the ISDA Master Agreement; (ii) the occurrence of an Event of Default under the ISDA Master Agreement in respect of which the Pledgor is the Defaulting Party, or (iii) the occurrence of a Termination Event under the ISDA Master Agreement in respect of which the Pledgor is the Affected Party, provided always that such Enforcement Event shall be deemed to cease to exist if the Pledgor has (prior to the Secured Party enforcing this Financial Security Interest) discharged in full the Secured Obligations.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Dividendo Extraordinario</B>&rdquo; significa cualquier dividendo u otra distribuci&oacute;n (en efectivo, acciones u otros activos) que sea expresamente declarada por el Emisor como dividendo extraordinario, dividendo especial o distribuci&oacute;n especial a los accionistas o cualquier t&eacute;rmino an&aacute;logo, as&iacute; como cualquier otra distribuci&oacute;n del Emisor que no entre dentro de la definici&oacute;n de Dividendo Ordinario.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Extraordinary Dividend</B>&rdquo; means any dividend or other distribution (in cash, shares or other assets) that is expressly declared by the Issuer to be an extraordinary dividend, special dividend or special distribution to the shareholders or any analogous term as well as any other distribution of the Issuer that does not fall within the definition of Ordinary Dividend.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Dividendo Ordinario</B>&rdquo; significa los dividendos ordinarios (en efectivo o en acciones del Emisor, incluyendo dividendos electivos -<I>scrip dividends</I>- y emisiones gratuitas de acciones en lugar de dividendos) declarados y pagados de conformidad con la pol&iacute;tica de dividendos del Emisor vigente en cada momento. Para evitar cualquier duda, los dividendos a cuenta pagados de conformidad con la pol&iacute;tica de dividendos del Emisor constituir&aacute;n dividendos ordinarios.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Ordinary Dividend</B>&rdquo; means ordinary dividends (in cash or shares of the Issuer, including scrip dividends and bonus share issues <I>in lieu of</I> dividends) declared and paid in accordance with the dividend policy of the Issuer as in effect from time to time. For the avoidance of doubt, interim dividends (<I>dividendos a cuenta</I>) paid in accordance with the dividend policy of the Issuer shall constitute ordinary dividends.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">&ldquo;<B>Contrato</B>&rdquo; tiene el significado atribuido en el expositivo (A) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">&ldquo;<B>Agreement</B>&rdquo; has the meaning ascribed to it in recital (A) of this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Garant&iacute;a Financiera Pignoraticia</B>&rdquo; tiene el significado atribuido en la Cl&aacute;usula 2.1 siguiente de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Financial Security Interest</B>&rdquo; has the meaning ascribed to it in Clause 2.1 below.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Acciones Pignoradas</B>&rdquo; tiene el significado atribuido en la expositivo (D) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Pledged Shares</B>&rdquo; has the meaning ascribed to it in recital (D) of this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>RDL 5/2005</B>&rdquo; tiene el significado atribuido en el expositivo (A) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>RDL 5/2005</B>&rdquo; has the meaning ascribed to it in recital (A) of this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Obligaciones Garantizadas</B>&rdquo; tiene el significado atribuido en la Cl&aacute;usula 2.1 siguiente.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Secured Obligations</B>&rdquo; has the meaning ascribed to it in Clause 2.1 below.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>&ldquo;Firmante Autorizado de la Parte Garantizada&rdquo; </B>significa cualquiera de los firmantes autorizados de la Parte Garantizada cuya firma se contenga en el Anexo 9.4 de la presente P&oacute;liza. A los efectos de la presente definici&oacute;n, las Partes reconocen que la Parte Garantizada podr&aacute; actualizar el listado de Firmantes Autorizados de la Parte Garantizada en cualquier momento.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Secured Party Authorised Signatory</B>&rdquo; means any of the authorised signatories of the Secured Party whose signature is set out in Schedule 9.4 of this Deed. For the purposes of this definition, the Parties acknowledge that the Secured Party may update the list of the Secured Party Authorized Signatories from time to time.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Acciones</B>&rdquo; tiene el significado atribuido en el expositivo (B) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Shares</B>&rdquo; has the meaning ascribed to it in recital (B) of this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Ley Concursal</B>&rdquo; significa el Real Decreto Legislativo 1/2020, de 5 de mayo, por el que se aprueba el texto refundido de la Ley Concursal, seg&uacute;n sea modificado en cada momento (en particular y sin limitaci&oacute;n, por la Ley 16/2022, de 5 de septiembre, de reforma del texto refundido de la Ley Concursal).</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 31.95pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Spanish Insolvency Act</B>&rdquo; means the Royal Legislative Decree 1/2020, of 5 May, by means of which the recast text of the Insolvency Act (<I>Ley Concursal</I>) was approved, as amended from time to time (in particular and without limitation, by means of Law 16/2022, of 5 September, of amendment of the recast text of the Insolvency Act).</FONT></TD></TR>
  </TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">2.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">constituci&oacute;n
    de garant&iacute;a financiera pignoraticia Y TRASLADO POSESORIO</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">CREATION
    OF FINANCIAL SECURITY INTEREST AND TRANSFER OF POSSESSION</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En garant&iacute;a
    del &iacute;ntegro y puntual cumplimiento por parte del Pignorante de todas las obligaciones y responsabilidades exigibles presentes o
    futuras, debidas o incurridas por el Pignorante frente a la Parte Garantizada bajo el Contrato, ya sean actuales o contingentes, junto
    con todos los intereses que se devenguen y todos los costes y gastos incurridos por la Parte Garantizada en conexi&oacute;n con el Contrato
    (en lo sucesivo, las &ldquo;<B>Obligaciones Garantizadas</B>&rdquo;) y sin perjuicio de la responsabilidad patrimonial universal del Pignorante
    establecida en el art&iacute;culo 1.911 del C&oacute;digo Civil, que no se entiende limitada en modo alguno por la constituci&oacute;n
    de esta garant&iacute;a financiera pignoraticia, y cualesquiera otras garant&iacute;as constituidas a favor de la Parte Garantizada, el
    Pignorante, de forma irrevocable e incondicional, por la presente constituye a favor de la Parte Garantizada una garant&iacute;a financiera
    pignoraticia de primer rango de conformidad con lo establecido en el RDL 5/2005 sobre todas y cada una de las Acciones Pignoradas. La
    Parte Garantizada acepta el derecho real de prenda (en adelante, la &ldquo;<B>Garant&iacute;a Financiera Pignoraticia</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">As security for
    the full and timely payment and/or performance of all the obligations or liabilities due, owing or incurred to the Secured Party by the
    Pledgor under the Agreement at present or in the future, whether actual or contingent, together with all interest accruing thereon and
    all reasonable costs and expenses incurred by the Secured Party in connection the Agreement (hereinafter the &ldquo;<B>Secured Obligations</B>&rdquo;),
    and without prejudice to the universal patrimonial liability of the Pledgor as set out by article 1,911 of the Spanish Civil Code, which
    is not limited in any way by the creation of this financial security interest, and any other security or guarantee granted in favour of
    the Secured Party, the Pledgor hereby irrevocably and unconditionally creates in favour of the Secured Party a first ranking financial
    security interest in accordance with the RDL 5/2005 over each and all of the Pledged Shares. The Secured Party hereby accepts such right
    of pledge in its own (hereinafter, the &ldquo;<B>Financial Security Interest</B>&rdquo;).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Acciones
    Pignoradas se encuentran representadas mediante anotaciones en cuenta y, por tanto, de conformidad con lo dispuesto en el apartado 2.a)
    del art&iacute;culo octavo del RDL 5/2005, se entender&aacute; que la Garant&iacute;a Financiera Pignoraticia ha sido constituida y aportada
    desde su fecha de inscripci&oacute;n en el correspondiente registro contable del Depositario. La inscripci&oacute;n se realizar&aacute;
    a la mayor brevedad posible por el Depositario de conformidad con lo establecido en el Real Decreto 814/2023, de 8 de noviembre, sobre
    instrumentos financieros, admisi&oacute;n a negociaci&oacute;n, registro de valores negociables e infraestructuras de mercado (en adelante,
    el &ldquo;<B>RD 814/2023</B>&rdquo;) y el Reglamento de Iberclear de 22 de diciembre de 2015.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledged Shares
    are represented by means of book entries and, therefore, in accordance with the provisions of section 2.a) of article eight of the RDL
    5/2005, the Financial Security Interest will be deemed to have been granted and delivered as of its respective date of registration in
    the Custodian&rsquo;s register book-entry. Such registration will be promptly performed by the Custodian in accordance with the terms
    of the Royal Decree 814/2023, of 8 November (<I>Real Decreto 814/2023, de 8 de noviembre, sobre instrumentos financieros, admisi&oacute;n
    a negociaci&oacute;n, registro de valores negociables e infraestructuras de mercado) </I>(hereinafter, &ldquo;<B>RD 814/2023</B>&rdquo;)
    and the <I>Reglamento de Iberclear de 22 de diciembre de 2015</I>.</P>
    </TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Depositario
    toma raz&oacute;n de la constituci&oacute;n de la presente Garant&iacute;a Financiera Pignoraticia, de los t&eacute;rminos y condiciones
    de sus obligaciones previstas en la presente Garant&iacute;a Financiera Pignoraticia, de los mecanismos de ejecuci&oacute;n, as&iacute;
    como de los t&eacute;rminos y condiciones del modelo de notificaci&oacute;n de ejecuci&oacute;n que se incluye en la misma.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Custodian
    acknowledges the creation of this Financial Security Interest, of the terms and conditions of its obligations set out in this Financial
    Security Interest, the enforcement mechanisms as well as of the terms and conditions of enforcement notice included therein.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Asimismo, el Pignorante y la Parte Garantizada por la presente instruyen al Depositario, el cual acepta, para que proceda a realizar la inscripci&oacute;n de la Garant&iacute;a Financiera Pignoraticia a favor de la Parte Garantizada a la mayor brevedad posible (incluyendo pero sin limitaci&oacute;n los derechos de ejecuci&oacute;n por apropiaci&oacute;n y venta directa de las Acciones Pignoradas otorgados en beneficio de la Parte Garantizada) en el registro de anotaciones en cuenta correspondiente, de conformidad con lo previsto en el RD 814/2023 y el Reglamento de Iberclear de 22 de diciembre de 2015, y entregue a la Parte Garantizada el correspondiente certificado acreditativo de la inscripci&oacute;n de la Garant&iacute;a Financiera Pignoraticia en el registro de anotaciones en cuenta correspondiente (el &ldquo;<B>Certificado de Garant&iacute;a Financiera Pignoraticia</B>&rdquo;), de conformidad con lo dispuesto en el art&iacute;culo 21.1 del Real Decreto 814/2023, certificando (i) la inscripci&oacute;n de la Garant&iacute;a Financiera Pignoraticia (incluyendo pero sin limitaci&oacute;n los derechos de apropiaci&oacute;n o venta directa) a favor la Parte Garantizada por medio de las correspondientes anotaciones en cuenta y (ii) que la Garant&iacute;a Financiera Pignoraticia ha sido constituida y por tanto aportada en virtud de la presente P&oacute;liza. Las Partes deber&aacute;n entregar al Notario interviniente de la presente p&oacute;liza, una copia del Certificado de Garant&iacute;a Financiera Pignoraticia. Las Partes por la presente instruyen al Notario interviniente para que recibida copia del Certificado de Garant&iacute;a Financiera Pignoraticia, (i) adjunte la misma como <B><U>Anexo 2.3</U></B> a la presente p&oacute;liza; y (ii) adjunte la misma a su matriz o mediante diligencia.</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Likewise, the Pledgor and the Secured Party hereby instruct the Custodian, which accepts, to promptly register the Financial Security Interest in favour of the Secured Party (including without limitation the right of appropriation or direct sale of the Pledged Shares granted in favour of the Secured Party) in the relevant book-entries, according to the provisions set forth in the <I>RD 814/2023 y el Reglamento de Iberclear de 22 de diciembre de 2015,</I> and to deliver to the Secured Party the corresponding certificate certifying (i) such registration of the Financial Security Interest (including without limitation the right of appropriation or direct sale), in favour of the Secured Party in the relevant book-entries and (ii) that the Financial Security Interest has been created and, therefore, delivered pursuant to this Deed (the &ldquo;<B>Financial Security Interest Certificate</B>&rdquo;), in accordance with article 21.1 of the Spanish Royal Decree 814/2023. The Parties shall deliver to the intervening Notary a copy of the Financial Security Interest Certificate. The Parties hereby instruct the Notary to (i) attach a copy of such certificate as <B><U>Schedule 2.3</U></B> herein; and (ii) keep a copy of such certificate on his files.</FONT></TD></TR>
  </TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Mediante
    la firma de la presente P&oacute;liza, el Depositario se compromete a cumplir con las obligaciones establecidas en la Cl&aacute;usula
    8 y a (i) no procesar ninguna instrucci&oacute;n recibida del Pignorante que tenga como resultado una transferencia de las Acciones Pignoradas
    sin el consentimiento previo por escrito de un Firmante Autorizado de la Parte Garantizada, debiendo dicho Firmante Autorizado de la Parte
    Garantizada acreditar sus poderes de representaci&oacute;n; (ii) no aceptar instrucciones de inscribir en sus registros ninguna carga
    o gravamen sobre las Acciones Pignoradas sin el consentimiento previo de la Parte Garantizada (salvo que el Depositario est&eacute; obligado
    a ello); y (iii) mantener las Acciones Pignoradas &uacute;nicamente en su condici&oacute;n de Depositario a los efectos establecidos en
    la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">By executing
    this Deed, the Custodian undertakes to comply with the obligations set out in Clause 8 and (i) not action any instruction of the Pledgor
    which may result in a transfer of the Pledged Shares without the applicable Secured Party Authorised Signatory prior written consent,
    being such Secured Party Authorised Signatory required to provide the relevant powers of attorney; (ii) not accept any instructions to
    register in its registry any lien or encumbrance over the Pledged Shares without the Secured Party prior consent (unless the Custodian
    is compelled to do so); and (iii) to hold the Pledged Shares only as a custodian and for the purposes set out in this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">[***]</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">[***]</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Partes
    acuerdan que la inscripci&oacute;n de la Garant&iacute;a Financiera Pignoraticia en el correspondiente registro contable del Depositario
    tiene los efectos del traslado posesorio previsto en el art&iacute;culo 1.863 del C&oacute;digo Civil, el art&iacute;culo 8 del RDL 5/2005,
    el art&iacute;culo 12 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversi&oacute;n y en el art&iacute;culo
    16 del RD 814/2023.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Parties agree
    that the registration of the Financial Security Interest in the Custodian&rsquo;s registry book-entry shall have the effects of the transfer
    of possession established in article 1,863 of the Civil Code, article 8 of RDL 5/2005, in article 12 of the Law 6/2023, 17 March, of the
    Securities Markets and Investment Services (<I>Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversi&oacute;n</I>)
    and in article 16 of RD 814/2023.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">2.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Parte
    Garantizada podr&aacute; conservar el Certificado de Garant&iacute;a Financiera Pignoraticia en su poder hasta que todas las Obligaciones
    Garantizadas hayan sido &iacute;ntegra y finalmente satisfechas por el Pignorante. Adicionalmente, una vez transcurrido el plazo de vigencia
    del Certificado de Garant&iacute;a Financiera Pignoraticia, el Depositario emitir&aacute;, no m&aacute;s tarde de la fecha en el que el
    Certificado de Garant&iacute;a Financiera Pignoraticia correspondiente deje de estar en vigor, un nuevo Certificado de Garant&iacute;a
    Financiera en los t&eacute;rminos del art&iacute;culo 21.1 &uacute;ltimo p&aacute;rrafo y por la vigencia establecida en el art&iacute;culo
    24.7 del RD 814/2023.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">2.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Secured Party
    shall be entitled to keep the Financial Security Interest Certificate until all Secured Obligations have been fully and finally satisfied
    or extinguished. In addition, upon expiration of the term of the Financial Security Interest Certificate, the Custodian shall issue successively,
    no later than the date on which the applicable Financial Security Interest Certificate ceases to be in force, a new Financial Security
    Interest Certificate in the terms of the last paragraph of article 21.1 for the period provided in article 24.7 of RD 814/2023.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">3.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">obligaciones
    garantizadas</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">3.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">SECURED
    OBLIGATIONS</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">3.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Garant&iacute;a
    Financiera Pignoraticia que se constituye en virtud de la presente P&oacute;liza garantiza, en favor de la Parte Garantizada y, en su
    caso, de todos sus cesionarios y sucesores, el &iacute;ntegro y puntual cumplimiento de todas y cada una de las Obligaciones Garantizadas.
    De esta forma, la Garant&iacute;a Financiera Pignoraticia garantiza todas y cada una de las Obligaciones Garantizadas y cualesquiera otras
    obligaciones del Pignorante derivadas del Contrato, incluyendo aquellas nacidas con ocasi&oacute;n de la resoluci&oacute;n de las operaciones
    celebradas en virtud del Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">3.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Financial
    Security Interest which is created by way of this Deed secures, in favour of the Secured Party and, if applicable, of any and all of their
    assignees and transferees, the full and timely payment and/or performance of each and all of the Secured Obligations. In this regard,
    the Financial Security Interest secures each and all of the Secured Obligations, and any other obligations of the Pledgor under the Agreement,
    including those arising from the termination of the transactions entered into pursuant to the Agreement.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">3.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    por la presente acuerda expresamente que:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">3.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    expressly agrees that:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">La Parte
    Garantizada podr&aacute; ejecutar la Garant&iacute;a Financiera Pignoraticia sobre las Acciones Pignoradas titularidad del Pignorante
    independientemente de la realizaci&oacute;n de cualesquiera otras acciones ejecutivas o de realizaci&oacute;n (por la Parte Garantizada
    y/o una tercera parte) de los bienes del Pignorante.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The Secured
    Party is entitled to enforce the Financial Security Interest over the Pledged Shares owned by the Pledgor independently of any other enforcement
    actions brought (by the Secured Party and/or a third party) over any and each of the Pledgor&rsquo;s assets.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">El alcance
    de la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza no se ver&aacute; modificado en modo alguno
    por cualquier actuaci&oacute;n que, en su caso, pudiera llevar a cabo la Parte Garantizada:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.6pt; text-align: justify; text-indent: -35.3pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The scope of
    the Financial Security Interest created by virtue of this Deed shall not be affected in any way by any action which, if applicable, may
    be taken by the Secured Party:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">(1) en relaci&oacute;n con el voto a favor o en contra o la aprobaci&oacute;n de un eventual plan de reestructuraci&oacute;n o convenio de acreedores del Pignorante para el caso de que el mismo fuera declarado en concurso, y el Pignorante y la Parte Garantizada acuerdan que mantendr&aacute;n invariables las obligaciones del Pignorante en los t&eacute;rminos pactados en la presente P&oacute;liza, como si tal actuaci&oacute;n no se hubiera producido, incluso si la Parte Garantizada votara a favor de cualquier convenio; o</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 70.6pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">(1) in respect of the vote in favour of or against, or the approval of a restructuring plan or a potential recovery plan of the Pledgor in the event it is declared insolvent, and the Pledgor and Secured Party hereby agree that the obligations of the Pledgor shall be kept invariable on the terms agreed herein as if such action had not taken place (even if the Secured Party votes in favour of the recovery plan); or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">(2) en el supuesto en que la Parte Garantizada solicite la liquidaci&oacute;n del Pignorante, e independientemente de que se haya abierto la fase de liquidaci&oacute;n (o procedimiento equivalente).</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 70.6pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">(2) in the event the Secured Party requests the liquidation of the Pledgor, and independently of whether or not the liquidation stage (or similar proceeding) has started.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Si la Parte Garantizada fuera requerida a reintegrar cualquier suma recibida del Pignorante en concurso en pago de las Obligaciones Garantizadas, en virtud de cualesquiera acciones de reintegraci&oacute;n o rescisi&oacute;n, el importe de dichas sumas pasar&aacute; de nuevo, de forma autom&aacute;tica, a formar parte de las Obligaciones Garantizadas quedando por tanto dichos importes asegurados por la Garant&iacute;a Financiera Pignoraticia en toda su integridad.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 60.9pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">If the Secured Party were required to return any monies received from the insolvent Pledgor as a result of any claw-back action or similar actions, the amount of such monies will automatically become again part of the Secured Obligations and will therefore be fully covered by the Financial Security Interest.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">3.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Responsabilidad
    patrimonial universal del Pignorante: La Garant&iacute;a Financiera Pignoraticia constituida en virtud de la presente P&oacute;liza y
    el ejercicio de la acci&oacute;n real pignoraticia que lleva aparejada se entienden sin perjuicio de la responsabilidad patrimonial universal
    Pignorante, que no resultar&aacute; limitada en modo alguno por la constituci&oacute;n de esta Garant&iacute;a Financiera Pignoraticia.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">3.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Universal patrimonial
    liability of the Pledgor: The Financial Security Interest created herein and the exercise of the <I>in rem</I> action linked to it exist
    without prejudice to the universal patrimonial liability of the Pledgor, which shall not be limited in any way by the creation of this
    Financial Security Interest.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">4.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">car&aacute;cter
    indivisible de la Garant&iacute;a Financiera Pignoraticia</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">4.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">INDIVISIBLE
    NATURE OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">4.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Garant&iacute;a
    Financiera Pignoraticia aqu&iacute; constituida tiene car&aacute;cter indivisible. En consecuencia, todas y cada una de las Acciones Pignoradas
    garantizan el &iacute;ntegro y puntual pago y/o cumplimiento de todas las Obligaciones Garantizadas, sin que, por tanto, el pago y/o cumplimiento
    parcial de las mismas suponga cancelaci&oacute;n proporcional de la Garant&iacute;a Financiera Pignoraticia, que s&oacute;lo se cancelar&aacute;
    conforme a lo previsto en la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">4.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Financial
    Security Interest created hereby is of an indivisible nature. Consequently, each and all of the Pledged Shares secure the full and timely
    payment and/or performance of all of the Secured Obligations, without partial payment and/or performance thereof proportionally extinguishing
    the Financial Security Interest which shall only be extinguished in accordance with this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">4.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Lo anterior
    no afectar&aacute; ni limitar&aacute; la facultad de la Parte Garantizada de ejecutar parcialmente la Garant&iacute;a Financiera Pignoraticia
    de acuerdo con lo establecido en la Cl&aacute;usula 9 posterior.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">4.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The foregoing
    shall not affect or limit in any way the Secured Party&rsquo;s right to the partial enforcement of the Financial Security Interest pursuant
    to Clause 9 below.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">5.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">EXTENSI&Oacute;N
    de la GARANT&Iacute;A FINANCIERA PIGNORATICIA</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">5.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">EXTENSION
    OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">5.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Garant&iacute;a
    Financiera Pignoraticia, como garant&iacute;a pignoraticia de primer rango, se extender&aacute; de forma autom&aacute;tica, en los mismos
    t&eacute;rminos y rango que la presente P&oacute;liza, a (y comprender&aacute;) cualquier derecho, t&iacute;tulo, valor, garant&iacute;a,
    activo (material o inmaterial), dinero o fondos que sustituyan, correspondan o sean canjeados por las Acciones Pignoradas, en los supuestos
    de fusi&oacute;n, disoluci&oacute;n, aumento de capital (que determinen un Supuesto de Ajuste (<I>Potential Adjustment Event</I>), con
    excepci&oacute;n de cualquier emisi&oacute;n o entrega de nuevas acciones, derechos o activos en tanto que ello constituya un Dividendo
    Ordinario), o reducci&oacute;n de capital (incluyendo las aportaciones devueltas, en su caso), conversi&oacute;n o canje de acciones,
    transformaci&oacute;n, escisi&oacute;n, amortizaci&oacute;n total o parcial o cualesquiera otros supuestos similares que puedan afectar
    a las Acciones Pignoradas o al Emisor.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">5.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Financial
    Security Interest, as first ranking security interest, shall be automatically extended on the same terms and with the same ranking set
    forth in this Deed, to (and will comprise) any right, credit, security asset (tangible or intangible), money or funds which substitute,
    correspond or are exchangeable for the Pledged Shares in the event of a merger, dissolution, capital increase (which triggers a Potential
    Adjustment Event, other than any issue or delivery of new shares, rights or assets as long as it is made as an Ordinary Dividend) or capital
    reduction (including all contributions reimbursed, if any), conversion or share exchange, transformation, demerger, total or partial repayment
    or any other circumstance which may affect the Pledged Shares or the Issuer.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Todas las cantidades que se deriven de la amortizaci&oacute;n, total o parcial, de las Acciones Pignoradas, as&iacute; como los rendimientos, intereses, Dividendos Ordinarios en efectivo, Dividendos Extraordinarios en efectivo (si hubiera) o frutos producidos por las mismas o correspondientes a las mismas por cualquier raz&oacute;n (incluida la disoluci&oacute;n del Emisor) ser&aacute;n depositadas en la cuenta bancaria que ha sido pignorada en el d&iacute;a de hoy a favor de la Parte Garantizada.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">All amounts resulting from the total or partial redemption of the Pledged Shares, as well as the returns, interests, Ordinary Dividends in cash, Extraordinary Dividends in cash (if any) or profits produced by them or corresponding to them for any reason (including the dissolution of the Issuer) shall be deposited in the bank account which has been pledged on the date hereof in favour of the Secured Party.</FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">[***]</FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">[***]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">En el caso de que hubiera un Dividendo Ordinario o Extraordinario en el que se permitiera optar entre dividendo en efectivo o dividendo en acciones (<I>scrip dividends</I>) o para supuestos similares en los que el titular de las Acciones Pignoradas debiera adoptar una decisi&oacute;n al respecto, la decisi&oacute;n de optar por uno u otro corresponder&aacute; al Pignorante en cualquier momento anterior al acaecimiento de un Supuesto de Ejecuci&oacute;n.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">In the event that there is an Ordinary or Extraordinary Dividend in which it is allowed to select between cash dividends or scrip dividends or for similar cases in which the holder of the Pledged Shares should make a decision in this respect, the decision to opt by one or the other will correspond to the Pledgor at all times prior to the occurrence of an Enforcement Event. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"></TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">Las referencias a las Acciones Pignoradas en la presente P&oacute;liza incluir&aacute;n cualesquiera derechos, t&iacute;tulos, valores, activos o fondos que, en virtud de lo dispuesto en esta Cl&aacute;usula 5.1, les sustituyan o sean el resultado del canje de las Acciones Pignoradas y, sujeto a lo establecido m&aacute;s arriba, constituyan rendimientos, intereses, Dividendos Ordinarios o Extraordinario (si hubiera) o frutos producidos por las mismas.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">Any reference made to the Pledged Shares in this Deed shall be deemed to include any rights, credits, assets or funds which, pursuant to this Clause 5.1, correspond to or are exchangeable for the Pledged Shares, or are the result of the exchange of the Pledged Shares and, subject to as aforesaid, constitute returns, interest, Ordinary or Extraordinary Dividends or profits produced by the same.</FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">5.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Partes
    acuerdan que la Parte Garantizada podr&aacute; solicitar al Pignorante (actuando de forma razonable) que se otorguen, y &eacute;ste se
    obliga a otorgar, cuantos documentos p&uacute;blicos o privados fueran razonablemente precisos o convenientes (incluidas cesiones, cesiones
    con novaci&oacute;n, hipotecas, prendas, notificaciones e instrucciones) para formalizar la Garant&iacute;a Financiera Pignoraticia respecto
    de los bienes o activos diferentes a las Acciones Pignoradas en los t&eacute;rminos establecidos m&aacute;s arriba. Ello podr&aacute;
    instrumentarse, si as&iacute; lo solicita la Parte Garantizada, mediante el otorgamiento de la clase de garant&iacute;a que proceda en
    funci&oacute;n de la naturaleza del bien, manteni&eacute;ndose en todo caso el rango de la Garant&iacute;a Financiera Pignoraticia.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">5.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Parties agree
    that the Secured Party (acting reasonably) may request the Pledgor, and the Pledgor undertakes to comply with such request to execute
    all the public or private documents (including assignments, transfers, mortgages, charges, notices and instructions) that may be reasonably
    necessary or advisable in order to better formalise the referred Financial Security Interest over the assets other than the Pledged Shares
    in the terms provided above. This shall be formalised, upon request by the Secured Party, by means of the execution of the relevant security
    taking into account the nature of the asset, maintaining in any event the ranking of the Financial Security Interest.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Asimismo, en el supuesto particular de que la Garant&iacute;a Financiera Pignoraticia aqu&iacute; constituida se extienda a dinero o derechos de cr&eacute;dito realizables en dinero por operarse una subrogaci&oacute;n real en las Acciones Pignoradas, dicho dinero o derechos de cr&eacute;dito se depositar&aacute;n en la cuenta bancaria que ha sido pignorada en el d&iacute;a de hoy a favor de la Parte Garantizada.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Likewise, in the particular event that the Financial Security Interest extends to money or credit rights which may be cashed as a consequence of the <I>in rem</I> transformation (<I>subrogaci&oacute;n real</I>) of the Pledged Shares, the money or credit rights shall be deposited in the bank account which has been pledged on the date hereof in favour of the Secured Party.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">5.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En cualquier
    caso, de acuerdo con lo establecido en el art&iacute;culo 10 del RDL 5/2005, los valores o el efectivo a los que, en su caso, se haya
    extendido la Garant&iacute;a Financiera Pignoraticia de conformidad con lo anterior, tendr&aacute;n la consideraci&oacute;n de parte integrante
    de la propia Garant&iacute;a Financiera Pignoraticia y ser&aacute;n tratados como si se hubieran aportado simult&aacute;neamente al objeto
    inicial de la Garant&iacute;a Financiera Pignoraticia en virtud de esta P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">5.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">In any case,
    in accordance with the provisions under article 10 of RDL 5/2005, the securities or cash to which the Financial Security Interest may
    be extended in compliance with the paragraph above, shall be deemed to be part of the Financial Security Interest and shall be treated
    as if they had been initially pledged under this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">5.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">[***]</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">5.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">[***]</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">6.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">OBLIGACIONES
    DEL PIGNORANTE Y CONSERVACI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">OBLIGATIONS
    OF THE PLEDGOR AND PRESERVATION OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B><I>Derechos
    de Voto</I></B>. Durante la vigencia de la Garant&iacute;a Financiera Pignoraticia y en cualesquier momento anterior al acaecimiento de
    un Supuesto de Ejecuci&oacute;n y sujeto a lo dispuesto en la Cl&aacute;usula 6.5, el Pignorante tendr&aacute; el derecho sujeto a cualquier
    disposici&oacute;n legal vinculante en contra que, en caso de resultar aplicable, deber&aacute; ser comunicada por el Pignorante a la
    Parte Garantizada, a ejercer sus derechos de voto en conexi&oacute;n con las Acciones Pignoradas, de conformidad con los t&eacute;rminos
    y obligaciones establecidos en el Contrato o en la presente P&oacute;liza, y de forma que no est&eacute; prohibida ni sea expresamente
    incompatible con los mismos.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B><I>Voting
    Rights</I></B>. During the term of the Financial Security Interest and at all times prior to the occurrence of an Enforcement Event and
    subject to Clause 6.5, the Pledgor shall have the right to, subject to any mandatory legal provision on the contrary which, if applicable
    should be communicated by the Pledgor to the Secured Party, exercise its voting rights in connection with the Pledged Shares in a manner
    that is in accordance with, and not prohibited under or expressly inconsistent with, the terms and obligations set out in the Agreement
    or in this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    no podr&aacute;, sin el previo consentimiento por escrito de la Parte Garantizada, trasladar la custodia o el registro contable de las
    Acciones Pignoradas a entidad distinta del Depositario.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor shall
    not, without the prior written consent of the Secured Party, transfer the custody or book-entry register of the Pledged Shares to an entity
    other than the Custodian.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En tanto
    subsista la Garant&iacute;a Financiera Pignoraticia que por la presente P&oacute;liza se constituye sobre las Acciones Pignoradas, el
    Pignorante no podr&aacute;, sin consentimiento previo y por escrito de la Parte Garantizada, venderlas, prestarlas, transmitirlas, o cederlas,
    canjearlas, gravarlas ni disponer de ellas de cualquier otra manera ni constituir ni permitir que se constituya ning&uacute;n derecho
    de opci&oacute;n o restricci&oacute;n (contractual o de cualquier otro tipo) a su libre transmisibilidad (a excepci&oacute;n de esta Garant&iacute;a
    Financiera Pignoraticia).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">During the term
    of the Financial Security Interest created over the Pledged Shares pursuant to this Deed, the Pledgor shall not, without the prior written
    consent of the Secured Party sell, lend, transfer, swap, charge or dispose of the Pledged Shares in any other manner nor create or allow
    to create any option or restriction (either contractual or of any other kind) on their free transferability (except for this Financial
    Security Interest).</P>
    </TD></TR>
</TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">Tras la solicitud de la Parte Garantizada, el Pignorante llevar&aacute; a cabo cualesquiera acciones comercialmente razonables que est&eacute;n a su disposici&oacute;n (incluyendo la realizaci&oacute;n de cualesquiera inscripciones y registros) que pudieran ser necesarias al objeto de la creaci&oacute;n, perfecci&oacute;n, protecci&oacute;n o mantenimiento de la Garant&iacute;a Financiera Pignoraticia creada en beneficio de la Parte Garantizada en virtud de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">At the request of the Secured Party, the Pledgor shall take all such action as is available to it (including making all filings and registrations) as may be necessary for the purpose of the creation, perfection, protection or maintenance of the Financial Security Interest conferred on the Secured Party by or pursuant to this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Cualquier coste derivado de cualquier actuaci&oacute;n llevada a cabo en relaci&oacute;n con esta Cl&aacute;usula ser&aacute; asumido por el Pignorante.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Any cost arising from any performance in connection with this Clause will be borne by the Pledgor.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    llevar&aacute; a cabo cualesquiera actuaciones u otorgar&aacute; cualesquiera documentos (incluyendo cesiones, transferencias, garant&iacute;as,
    notificaciones e instrucciones) que la Parte Garantizada pudiera solicitar razonablemente (y en el modo en que la Parte Garantizada razonablemente
    solicite) para:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor shall
    promptly do all such acts or execute all such documents (including assignments, transfers, charges, notices and instructions) as the Secured
    Party may reasonably specify (and in such form as the Secured Party may reasonably require) in order to:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">perfeccionar
    la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza o para el ejercicio de cualesquiera derechos,
    poderes y compensaciones de la Parte Garantizada otorgados en virtud de la presente P&oacute;liza o por ley; y/o</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">to perfect
    the Financial Security Interest created by virtue of this Deed or for the exercise of any rights, powers and remedies of the Secured Party
    provided by or pursuant to this Deed or by law; and/or</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">facilitar
    la ejecuci&oacute;n de los activos que son objeto de la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">to facilitate
    the realisation of the assets which are subject of the Financial Security Interest created by virtue of this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Asimismo, el Pignorante llevar&aacute; a cabo cualesquiera acciones que est&eacute;n a su disposici&oacute;n que pudieran ser necesarias al objeto de la creaci&oacute;n, perfecci&oacute;n, protecci&oacute;n o mantenimiento de cualquier Garant&iacute;a Financiera Pignoraticia creada en beneficio de la Parte Garantizada en virtud de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-left: 35.45pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Additionally, the Pledgor shall take all such action as is available to it as may be necessary for the purpose of the creation, perfection, protection or maintenance of any Financial Security Interest conferred on the Secured Party by or pursuant to this Deed.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    no ejercitar&aacute; sus derechos de voto (ni causar&aacute; ni permitir&aacute; que se lleve a cabo ninguna acci&oacute;n) que en cualquier
    forma perjudique los derechos de la Parte Garantizada ni la validez o ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia o
    los derechos de la Parte Garantizada al amparo de la presente Garant&iacute;a Financiera Pignoraticia. En particular, pero sin limitaci&oacute;n,
    durante la vigencia de la Garant&iacute;a Financiera Pignoraticia, el Pignorante se compromete irrevocable e incondicionalmente a mantener
    y hacer que se mantengan en todo momento la Garant&iacute;a Financiera Pignoraticia sobre las Acciones Pignoradas, as&iacute; como la
    prioridad y el rango de la misma.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor shall
    not exercise its voting rights nor take (or cause or allow any action to be taken) which may in any way prejudice rights of the Secured
    Party or the validity, enforceability or enforcement of the Financial Security Interest created pursuant to this Financial Security Interest
    or to the rights of the Secured Party under this Financial Security Interest. In particular, and without limitation, during the existence
    of the Financial Security Interest, the Pledgor irrevocably and unconditionally undertakes to preserve and cause to be preserved at all
    times the Financial Security Interest over the Pledged Shares, as well as the priority and the rank of the same.</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">6.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Asimismo,
    durante la vigencia de la Garant&iacute;a Financiera Pignoraticia, el Pignorante se compromete, de forma irrevocable e incondicional a:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">6.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Likewise, during
    the term of the Financial Security Interest, the Pledgor irrevocably and unconditionally undertakes:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">[***]</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">&nbsp;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">[***]</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">&nbsp;</P>
    </TD></TR><TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">7.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">DECLARACIONES
    Y GARANT&Iacute;AS DEL PIGNORANTE</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">7.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">REPRESENTATIONS
    AND WARRANTIES OF THE PLEDGOR</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">7.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante,
    adem&aacute;s de las declaraciones y garant&iacute;as realizadas bajo el Contrato, por la presente declara y garantiza a favor de la Parte
    Garantizada que a la fecha de la presente P&oacute;liza:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">7.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor,
    in addition to the representations and warranties made under the Agreement, hereby represents and warrants in favour of the Secured Party
    that as at the date of this Deed:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Conoce en
    su integridad y sin la menor reserva los t&eacute;rminos y condiciones del Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">It knows in
    full the terms and conditions of the Agreement.</P>
    </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Ostenta
    la plena, leg&iacute;tima e indiscutida propiedad y est&aacute; autorizado para disfrutar del beneficio de todas las Acciones Pignoradas.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">It is the undisputed
    sole and legitimate owner and entitled to the benefit of all of the Pledged Shares.</P>
    </TD></TR>
</TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Que las
    Acciones Pignoradas est&aacute;n &iacute;ntegramente suscritas y desembolsadas, representadas mediante anotaciones en cuenta, y su registro
    contable est&aacute; a cargo del Depositario en su condici&oacute;n de entidad part&iacute;cipe de Iberclear.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The Pledged
    Shares are fully subscribed and paid-up, uncertificated and represented by book entries, and the record thereof is held by the Custodian,
    as member of Iberclear</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(d)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Las obligaciones
    que se establecen en virtud de la presente P&oacute;liza constituyen obligaciones v&aacute;lidas y vinculantes para el Pignorante, exigibles
    frente al mismo con arreglo a lo dispuesto en la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(d)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The obligations
    set out by virtue of this Deed constitute valid and binding obligations for the Pledgor, enforceable against it in accordance with the
    terms of this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(e)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">La aceptaci&oacute;n
    y cumplimiento por el Pignorante de las obligaciones contempladas en la presente P&oacute;liza y la constituci&oacute;n de la Garant&iacute;a
    Financiera Pignoraticia contemplada en la misma: (i) no entra en conflicto con la ley aplicable y actualmente vigente ni con su escritura
    de constituci&oacute;n o sus estatutos; (ii) no se opone o entra en conflicto con ning&uacute;n documento, acuerdo, o contrato que sea
    vinculante para el Pignorante ni con derechos de terceros; ni (iii) requiere autorizaci&oacute;n, consentimiento, aprobaci&oacute;n, licencia
    o permiso alguno de ning&uacute;n tercero.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(e)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The acceptance
    and fulfilment by the Pledgor of the obligations contained herein and the creation of the Financial Security Interest set out herein:
    (i) does not conflict with any applicable and currently in force law or with the incorporation deed or the by-laws of the Pledgor; (ii)
    does not conflict with any document, arrangement or agreement binding on the Pledgor nor with rights of third parties; and (iii) does
    not require any authorisation, consent, approval, license from any third party.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(f)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Las Acciones
    Pignoradas no est&aacute;n sujetas a ninguna restricci&oacute;n a su libre transmisibilidad y se encuentran libres de toda carga, gravamen,
    o restricci&oacute;n que pueda limitar la constituci&oacute;n de garant&iacute;as pignoraticias sobre las mismas y en particular sobre
    esta Garant&iacute;a Financiera Pignoraticia (salvo por las cargas usuales impuestas sobre cualquier valor por los sistemas de compensaci&oacute;n
    o liquidaci&oacute;n de valores en los que se mantienen las Acciones Pignoradas).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(f)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The Pledged
    Shares are not subject to any restriction to their free transferability and are free of all charges, encumbrances and restrictions which
    could limit the creation of security interest over the same and in particular of this Financial Security Interest (other than any lien
    routinely imposed on all securities in a clearing system or securities settlement system in which any such Pledged Shares may be held).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(g)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">No existen
    opciones, warrants, derechos de tanteo o retracto u otros derechos o valores que puedan facultar a cualquier tercero a ejercitarlos sobre
    o en relaci&oacute;n con las Acciones Pignoradas.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.6pt; text-align: justify; text-indent: -35.3pt">(g)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">No options, warrants,
    pre-emption rights or other rights or securities exist which could be exercised by a third party over or in respect of the Pledged Shares.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(h)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Tiene plena
    capacidad, derecho y autoridad para firmar la presente P&oacute;liza y para constituir la Garant&iacute;a Financiera Pignoraticia en la
    forma que se establece en ella, y ha llevado a cabo todas las actuaciones necesarias para permitir el otorgamiento y ejecuci&oacute;n
    de la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.6pt; text-align: justify; text-indent: -35.3pt">(h)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">It has full capacity,
    power and authority, and is therefore entitled to execute and deliver this Deed and to create the Financial Security Interest as herein
    established, and to this end has carried out all necessary actions to allow the granting and execution of this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Sujeto a lo establecido en los p&aacute;rrafos siguientes, todas las declaraciones y garant&iacute;as contenidas en esta Cl&aacute;usula se mantendr&aacute;n vinculantes y con efectos hasta la cancelaci&oacute;n de la Garant&iacute;a Financiera Pignoraticia o el pleno cumplimiento de las Obligaciones Garantizadas y, en su caso, de sus extensiones y se entender&aacute;n repetidas (salvo que expresamente se refieran a una fecha espec&iacute;fica) con ocasi&oacute;n de la perfecci&oacute;n de la Garant&iacute;a Financiera Pignoraticia contemplada en la presente P&oacute;liza, y con ocasi&oacute;n del otorgamiento y perfecci&oacute;n de cada una de sus extensiones, en su caso.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Subject to the paragraphs below, all representations and warranties contained herein shall remain binding and effective until cancellation of the Financial Security Interest or the discharge in full of the Secured Obligations and, as applicable, any extensions thereto and shall be deemed to be repeated (unless they specifically refer to a determined date) at the time of perfection of the Financial Security Interest contemplated herein as well as at the time of granting and perfection of any extension, shall it be the case. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">8.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">DECLARACIONES,
    GARANT&Iacute;AS y compromisos DEL Depositario</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">8.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">REPRESENTATIONS,
    WARRANTIES AND UNDERTAKINGS OF THE CUSTODIAN</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">8.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Mediante
    la firma de la presente P&oacute;liza, el Depositario se compromete frente a la Parte Garantizada a:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">8.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">By executing
    this Deed the Custodian undertakes to the Secured Party to:</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">[***]</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">&nbsp;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">[***]</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">&nbsp;</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt; font-weight: normal; text-transform: none">Las Partes (y, en particular, el Pignorante) acuerdan que, en caso de que (i) se produzca un Supuesto de Ejecuci&oacute;n; y (ii) el Depositario incumpla alguna de las obligaciones descritas en la presente Cl&aacute;usula, la Parte Garantizada estar&aacute; facultada para llevar a cabo cuantas actuaciones sean necesarias o convenientes as&iacute; como otorgar cualesquiera documentos, p&uacute;blicos o privados para poder cambiar la entidad que ostenta la condici&oacute;n de Depositario, todo ello de conformidad con los t&eacute;rminos establecidos en virtud del poder irrevocable al que se refiere la Cl&aacute;usula 10 siguiente.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">The Parties (and, in particular, the Pledgor) agree that, in the event that (i) an Enforcement Event occurs; and (ii) the Custodian breaches any of the obligations set out in this Clause, the Secured Party shall be entitled to carry out any necessary or convenient actions as well as to execute any documents, public or private, in order to change the entity that holds the condition of Custodian, pursuant to the terms set out by virtue of the irrevocable power of attorney referred to in Clause 10 below.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">El Depositario no tendr&aacute; ninguna responsabilidad bajo esta P&oacute;liza cuando act&uacute;e conforme a una orden emitida por una autoridad judicial, administrativa o arbitral, conforme a las reglas de una autoridad regulatoria de jurisdicci&oacute;n competente o conforme a una instrucci&oacute;n dada al Depositario por una autoridad regulatoria de jurisdicci&oacute;n competente. [***]</P>

<P STYLE="margin: 0pt 0; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">8.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Custodian
    will not be liable under this Deed where it acts in accordance with an order released by a court, administrative or arbitral authority,
    by a regulatory authority of competent jurisdiction or pursuant to an instruction delivered to the Custodian by a regulatory authority
    of competent jurisdiction. [***]</P>


</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">9.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">ejecuci&oacute;n
    de la GARANT&Iacute;A FINANCIERA pignoraticia</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">9.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">ENFORCEMENT
    OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Parte
    Garantizada podr&aacute; ejecutar total o parcialmente la Garant&iacute;a Financiera Pignoraticia y realizar o apropiarse de todas o parte
    de las Acciones Pignoradas, tantas veces como estime necesario, en el caso de que se produzca un Supuesto de Ejecuci&oacute;n.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Secured Party
    may enforce totally or partially the Financial Security Interest and realise or appropriate the Pledged Shares, in as many times as deemed
    necessary, if an Enforcement Event occurs.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">Las Partes acuerdan expresamente que bastar&aacute; cualquier medio de prueba admitido en Derecho para&nbsp;la acreditaci&oacute;n por la Parte Garantizada del acaecimiento de un Supuesto de Ejecuci&oacute;n.</FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">The Parties expressly agree that it shall suffice for the Secured Party to demonstrate by any means admitted by law that any Enforcement Event has occurred. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Partes
    por la presente acuerdan que de conformidad con el apartado 1 del Art&iacute;culo Und&eacute;cimo del RDL 5/2005, el acaecimiento de cualquier
    Supuesto de Ejecuci&oacute;n constituir&aacute; el hecho pactado entre las Partes que en caso de producirse permita a la Parte Garantizada
    realizar o apropiarse de las Acciones Pignoradas.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Parties hereby
    agree that in accordance with section 1 of Article 11 of the RDL 5/2005, the occurrence of an Enforcement Event shall constitute the event
    agreed by the Parties the occurrence of which shall entitle the Secured Party to realise or appropriate the Pledged Shares.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Para ejecutar
    esta Garant&iacute;a Financiera Pignoraticia ser&aacute; suficiente que la Parte Garantizada env&iacute;e requerimiento al Depositario
    firmado por un Firmante Autorizado de la Parte Garantizada o seg&uacute;n lo notifique de otro modo la Parte Garantizada, debiendo &eacute;ste
    acreditar sus poderes de representaci&oacute;n a la satisfacci&oacute;n del Depositario, que actuar&aacute; con prontitud y de forma comercialmente
    razonable.. El Depositario realizar&aacute; las llamadas de comprobaci&oacute;n habituales (&ldquo;callback&rdquo;) a los efectos de mitigar
    el riesgo de fraude en el canal utilizado, para lo cual la Parte Garantizada identifica los n&uacute;meros de tel&eacute;fono indicados
    en el <B><U>Anexo 8.1</U></B> de la presente P&oacute;liza. De conformidad con lo previsto en el apartado primero del art&iacute;culo
    duod&eacute;cimo del RDL 5/2005 y en la norma 4&ordf; de la Circular 2/2005, de Iberclear de 24 de junio, de Procedimientos aplicables
    a los acuerdos de garant&iacute;as financieras establecidos en el cap&iacute;tulo II del Real Decreto Ley 5/2005, de 11 de marzo, las
    Partes pactan que ser&aacute; suficiente que dicho requerimiento se realice en la forma prevista por el <U>Anexo 9.3</U> (en adelante,
    la &ldquo;<B>Notificaci&oacute;n de Ejecuci&oacute;n</B>&rdquo;).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">In order to enforce
    the Financial Security Interest it shall suffice that the Secured Party delivers a notice to the Custodian signed by a Secured Party Authorised
    Signatory, or as otherwise notified by the Secured Party, who shall provide evidence of its powers of representation to the satisfaction
    of the Custodian, acting promptly and in a commercially reasonable manner. The Custodian shall make the usual callback calls in order
    to mitigate the risk of fraud in the channel used, for which purpose the Secured Party identifies the telephone numbers set out in <B><U>Schedule
    8.1</U></B>. According to paragraph 1 of article 12 of the RDL 5/2005 and ruling 4th of the Iberclear <I>Circular 2/2005, de 24 de Junio,
    de Procedimientos aplicables a los acuerdos de garant&iacute;as financieras establecidos en el cap&iacute;tulo II del Real Decreto Ley
    5/2005, de 11 de marzo</I>, the Parties hereby agree that it shall suffice that such notice is produced according to the model herein
    provided as <U>Schedule 9.3</U> (hereinafter, the &ldquo;<B>Enforcement Notice</B>&rdquo;).</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    por la presente expresamente acepta que, de acuerdo con lo establecido en el Art&iacute;culo Duod&eacute;cimo del RDL 5/2005, el Depositario,
    previa comprobaci&oacute;n de la identidad del Firmante Autorizado de la Parte Garantizada, una vez recibida dicha notificaci&oacute;n,
    proceder&aacute; a la ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia en la forma indicada en la Notificaci&oacute;n de
    Ejecuci&oacute;n (es decir, apropiaci&oacute;n o realizaci&oacute;n de las Acciones Pignoradas mediante su venta), seg&uacute;n determine
    la Parte Garantizada a su sola discreci&oacute;n. La ejecuci&oacute;n se llevar&aacute; a cabo el mismo d&iacute;a en el que el Depositario
    reciba la Notificaci&oacute;n de Ejecuci&oacute;n (salvo que la Parte Garantizada autorice un plazo m&aacute;s largo) o, en caso de que
    la Notificaci&oacute;n de Ejecuci&oacute;n se env&iacute;e tras la hora de corte prevista en la Cl&aacute;usula 13, el siguiente D&iacute;a
    H&aacute;bil. En caso de enajenaci&oacute;n de las Acciones Pignoradas, en las fechas o el plazo indicado al efecto por la Parte Garantizada
    y seg&uacute;n las instrucciones del mismo al efecto, siempre, en cualquier caso, que se hubieran acreditado debidamente los poderes de
    los firmantes de la Notificaci&oacute;n de Ejecuci&oacute;n y realizado satisfactoriamente las llamadas de comprobaci&oacute;n correspondientes,
    o seg&uacute;n lo notifique de otro modo la Parte Garantizada. El Pignorante por la presente instruye expresamente y de forma irrevocable
    al Depositario para que &eacute;ste proceda de la forma descrita en esta cl&aacute;usula sin necesidad de realizar otras comprobaciones
    que las expresamente descritas en la misma. El Depositario se da por notificado y acepta dichas instrucciones.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    expressly accepts that, pursuant to Article 12 of the RDL 5/2005, the Custodian, once the Enforcement Notice is received, shall after
    having checked the identity of the Secured Party Authorised Signatory, enforce the Financial Security Interest in the manner set out in
    the Enforcement Notice (i.e. by either appropriation or realisation of the Pledged Shares), as determined by the Secured Party in its
    sole discretion. The enforcement shall be carried out on the date of receipt of the Enforcement Notice by the Custodian (unless the Secured
    Party authorizes for a longer period of time) or, provided the Enforcement Notice is delivered after the time set out in Clause 13, on
    the next Business Day. In the event of sale of the Pledged Shares, on the dates or time period set out by the Secured Party for the purposes
    of such sale and subject to its instructions, provided, in any case, that the powers of attorney of the signatories of the Enforcement
    Notice have been duly accredited and the corresponding verification calls have been satisfactorily carried out, or as otherwise notified
    by the Secured Party. The Pledgor hereby irrevocable instructs the Custodian so that it acts in accordance with the provisions of this
    Clause without the need to undertake any checks other than those expressly set out herein. The Custodian is notified and accepts notice
    of the above instructions.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt; width: 51%"><FONT STYLE="font-size: 10pt">El desacuerdo del Pignorante en relaci&oacute;n con el importe o la exigibilidad de la deuda por la que se ejecuta o con cualquier otro aspecto relativo a la ejecuci&oacute;n de esta Garant&iacute;a Financiera Pignoraticia en ning&uacute;n caso suspender&aacute; ni retrasar&aacute; la ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; text-indent: 0in; padding-bottom: 4pt; width: 47%"><FONT STYLE="font-size: 10pt">The disagreement of the Pledgor in relation to the amount or the payment obligation of the debt being enforced or in respect to any other aspect relating to the enforcement of this Financial Security Interest shall not in any way suspend or delay the enforcement of this Financial Security Interest.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La ejecuci&oacute;n
    de la Garant&iacute;a Financiera Pignoraticia se podr&aacute; realizar mediante enajenaci&oacute;n o apropiaci&oacute;n de las Acciones
    Pignoradas por la Parte Garantizada o mediante una combinaci&oacute;n de ambos.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The enforcement
    of the Financial Security Interest may be carried out by sale or by appropriation of the Pledged Shares by the Secured Party or by a combination
    of both.</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">[***]</P>


</TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">[***]</P>


</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Las Partes acuerdan que los m&eacute;todos de valoraci&oacute;n establecidos en este apartado (a) ser&aacute;n considerados comercialmente razonables y permitidos bajo el RDL 5/2005.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; padding-top: 4pt; padding-bottom: 4pt">The Parties agree that the methods of valuation set out in this paragraph (a) shall be deemed to be commercially reasonable and permitted under RDL 5/2005.</TD></TR>
  </TABLE>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">En caso
de ejecuci&oacute;n mediante enajenaci&oacute;n de las Acciones Pignoradas, la Parte Garantizada podr&aacute; enajenar (en la medida
que est&eacute; permitido) o solicitar la enajenaci&oacute;n de las Acciones Pignoradas al Depositario, ya sea mediante una o sucesivas
operaciones de venta, en uno o varios d&iacute;as, seg&uacute;n determine la Parte Garantizada en su entera y absoluta discreci&oacute;n.
[***]</P>


</TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">In the event
    of enforcement by sale of the Pledged Shares, the Secured Party may sell (to the extent possible) or require the sale by the Custodian
    of the Pledged Shares, either by means of one or more sale transactions, in one or more days, as determined in the sole and absolute discretion
    of the Secured Party. [***]</P>


</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">[***]</P>

</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 1in; padding-top: 4pt; font-weight: normal; text-align: justify; text-indent: 0in; font-size: 11pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">[***]</P>

</FONT></TD></TR>
  </TABLE>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En el supuesto
    en que la Garant&iacute;a Financiera Pignoraticia aqu&iacute; constituida se extienda a dinero o derechos de cr&eacute;dito realizables
    en dinero por operarse una subrogaci&oacute;n real en el objeto de la Garant&iacute;a Financiera Pignoraticia o por cualquier otro motivo
    (tal y como se describe en la Cl&aacute;usula 5.2 anterior), la ejecuci&oacute;n se realizar&aacute; de conformidad con lo establecido
    en el RDL 5/2005.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.6</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">In the event
    that the Financial Security Interest extends to money or credit rights which may be cashed as a consequence of the in rem transformation
    (<I>subrogaci&oacute;n real</I>) of the object of the Financial Security Interest or by any other reason (as described in Clause 5.2 above),
    the enforcement will be effected as set out in the RDL 5/2005.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.7</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">No obstante
    lo anterior, las Partes pactan asimismo que, para el ejercicio de la acci&oacute;n real pignoraticia aparejada a la Garant&iacute;a Financiera
    Pignoraticia, la Parte Garantizada tambi&eacute;n podr&aacute; iniciar a su discreci&oacute;n, adem&aacute;s de los procedimientos establecidos
    en el RDL 5/2005, cualesquiera de los dem&aacute;s procedimientos que legalmente le asistan en el momento de la ejecuci&oacute;n, ya sea
    el procedimiento judicial establecido en los art&iacute;culos 681 y siguientes de la Ley de Enjuiciamiento Civil, el procedimiento especial
    de ejecuci&oacute;n de prendas previsto en el art&iacute;culo 322 del C&oacute;digo de Comercio, el extrajudicial previsto en el art&iacute;culo
    1.872 del C&oacute;digo Civil y en el Cap&iacute;tulo V de la Ley del Notariado, o cualquier otro que ahora o en el futuro sea legalmente
    disponible, sin que la utilizaci&oacute;n del procedimiento previsto en el RDL 5/2005 o de cualquier otra v&iacute;a excluya la posibilidad
    de acudir a cualquiera de las restantes en tanto las Obligaciones Garantizadas no hayan sido satisfechas en su integridad.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.7</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Notwithstanding
    the above, the Parties also agree that, in order to enforce the Financial Security Interest, the Secured Party may also take, in addition
    to the proceedings of the RDL 5/2005 and at its discretion, any other legal actions to which it may be entitled at the time of the enforcement,
    whether the judicial procedure set out in article 681 and following of the Spanish Civil Proceedings Act, the special pledge enforcement
    procedure set out in article 322 of the Spanish Commercial Code, the extrajudicial procedure set out in article 1,872 of the Spanish Civil
    Code and on Chapter V of the Spanish Notarial Law, or any other procedure available in the future, and the use of the proceeding set out
    in the RDL 5/2005 or any other of these options shall not preclude the use of the others until all of the Secured Obligations have been
    fully discharged.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.8</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">De conformidad
    con lo previsto en el C&oacute;digo Civil, la Parte Garantizada conservar&aacute; todos los derechos y acciones que le correspondan contra
    el Pignorante por la parte de las Obligaciones Garantizadas que no hayan sido &iacute;ntegramente satisfechas como consecuencia de la
    ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia. Dichas obligaciones subsistir&aacute;n y se podr&aacute;n reclamar por
    cualquier medio previsto en derecho.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.8</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Pursuant to the
    provisions of the Civil Code, the Secured Party shall keep all rights and legal actions to which they may be entitled against the Pledgor
    with regards to the part of the Secured Obligations which has not been satisfied by the enforcement of the Financial Security Interest.
    Such outstanding obligations shall continue to exist and may be claimed by any means available under applicable laws.</P>
    </TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.9</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">A los efectos
    de esta Cl&aacute;usula 9 las Partes pactan lo siguiente:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">9.9</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">For the purposes
    of this Clause 9 the Parties agree as follows:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">El importe
    de la deuda l&iacute;quida, vencida y exigible por la que se ejecute la Garant&iacute;a Financiera Pignoraticia ser&aacute; la cantidad
    especificada bien en la Notificaci&oacute;n de Ejecuci&oacute;n, bien en la certificaci&oacute;n, que en su caso emita la Parte Garantizada
    o el Agente de C&aacute;lculo, como saldo de la deuda l&iacute;quida, vencida y exigible que conste en la cuenta referida en el Contrato,
    abierta a nombre del Pignorante, para la contabilizaci&oacute;n de las cantidades debidas y las cantidades pagadas en virtud de dicho
    contrato en la fecha en que se notifique el mismo. El importe de las deudas por la que se ejecute la presente Garant&iacute;a Financiera
    Pignoraticia se incrementar&aacute; con los intereses (ordinarios, de demora o de cualquier otro tipo), gastos, costas, comisiones y dem&aacute;s
    importes devengados a favor de la Parte Garantizada entre la fecha de expedici&oacute;n de dicho saldo y la fecha en que se ejecute la
    Garant&iacute;a Financiera Pignoraticia.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The amount
    of the due and payable debt in respect of which the enforcement of the Financial Security Interest is made, will be the amount specified
    either in the Enforcement Notice or in the certificate, if any, issued by the Secured Party or the Calculation Agent stating balance of
    the due and payable amount accounted for in the account referred to in the Agreement, opened in the name of the Pledgor to account for
    the amounts paid and the amounts owed pursuant to the Agreement, as of the date of issuance of the Enforcement Notice or certificate.
    The amount of the due and payable debts subject to enforcement of this Financial Security Interest shall be increased with the interest
    (ordinary interest, default interest or any other type of interest), costs and expenses, fees and any other amounts accrued in favour
    of the Secured Party between the date on which the aforementioned certificate is issued and the date on which the Financial Security Interest
    is enforced.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Los domicilios
    para notificaciones de las Partes ser&aacute;n los establecidos en la Cl&aacute;usula 13 siguiente.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The address
    for notices to the Parties shall be the one stated in Clause 13 below.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Las cantidades
    obtenidas por la venta o apropiaci&oacute;n de las Acciones Pignoradas ser&aacute;n aplicadas por la Parte Garantizada al pago o cancelaci&oacute;n
    de las Obligaciones Garantizadas.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The amounts
    obtained from the sale or appropriation of the Pledged Shares will be used by the Secured Party to repay or otherwise discharge the Secured
    Obligations.</P>
    </TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(d)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">A los efectos
    de lo dispuesto en el art&iacute;culo 210.3 de la Ley Concursal, las Partes pactan como precio m&iacute;nimo para la venta directa o subasta
    de las Acciones Pignoradas, si la hubiera, el precio pactado en el apartado 9.5(a) anterior.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(d)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">For the purposes
    of the provisions of article 210,3 of the Spanish Insolvency Act, the Parties agree that the minimum price for the direct sale or auction,
    if applicable, of the Pledged Shares is the one agreed in paragraph 9.5(a) above.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(e)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">El Pignorante
    renuncia a cualquier derecho que le permita requerir a la Parte Garantizada a proceder en contra de, ejecutar cualesquiera otros derechos
    o garant&iacute;as o reclamar el pago por parte de cualquier tercero antes de ejecutar la presente Garant&iacute;a Financiera Pignoraticia.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(e)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">The Pledgor
    waives any right it may have of first requiring the Secured Party to proceed against or enforce any other right or security or claim payment
    from any person before claiming from the Pledgor under this Deed.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">10.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">PODER
    IRREVOCABLE</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">10.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">IRREVOCABLE
    POWER OF ATTORNEY</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En este acto,
    mediante escritura separada redactada de acuerdo con los t&eacute;rminos de la minuta de poder irrevocable que se adjunta como <U>Anexo
    10.1</U> a la presente P&oacute;liza, y con el fin de asegurar la mayor efectividad del cumplimiento de los compromisos asumidos en la
    presente P&oacute;liza y sujeto a la Cl&aacute;usula 10.5 siguiente, el Pignorante otorga a favor de la Parte Garantizada, poder irrevocable,
    tan amplio en Derecho como resulte necesario o conveniente, incluidas las facultades de sustituci&oacute;n, delegaci&oacute;n, subapoderamiento,
    salvando expresamente la autocontrataci&oacute;n con respecto a la Parte Garantizada y sus cesionarios o sucesores de acuerdo con los
    t&eacute;rminos de la minuta de poder irrevocable que se adjunta como <U>Anexo 10.1</U> a la presente P&oacute;liza, para que la Parte
    Garantizada pueda, en su nombre y representaci&oacute;n, realizar los siguientes actos:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">On this act,
    by means of a separate deed drafted in accordance with the form of irrevocable power of attorney attached as <U>Schedule 10.1</U> to this
    Deed, and for the purpose to give the greatest effectiveness to the compliance with the undertakings set out herein and subject to Clause
    10.5 below, the Pledgor grants an irrevocable power of attorney in favour of the Secured Party which shall include as many powers as necessary
    or convenient, including that of substitution, delegation, sub-empowering and, expressly, self-contracting with respect to the Secured
    Party and those who result in its assignees or transferees according to the terms of the form of irrevocable power of attorney set out
    in <U>Schedule 10.1</U>, so that the Secured Party, acting in the name and on behalf of the Pledgor, may perform the following acts:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 56.7pt; text-align: justify; text-indent: -21.25pt">(i)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">representar
    al Pignorante en la subasta de las Acciones Pignoradas en calidad de vendedor, incluyendo facultades para ordenar la venta de las Acciones
    Pignoradas o su traspaso a la propia cuenta de valores de la Parte Garantizada, apoder&aacute;ndolo irrevocablemente para que otorgue,
    en nombre y representaci&oacute;n del Pignorante, los documentos p&uacute;blicos necesarios o convenientes para la formalizaci&oacute;n
    de la transmisi&oacute;n de las Acciones Pignoradas a favor del adquirente (o de los adquirentes, seg&uacute;n corresponda); y</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.75pt; text-align: justify; text-indent: -21.25pt">(i)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">represent the
    Pledgor in the auction of the Pledged Shares acting as seller, including ordering the sale of the Pledged Shares or the transfer of the
    Pledged Shares to the securities account of the Secured Party, irrevocably empowering the Secured Party, so that it may grant, in the
    name and on behalf of the Pledgor, all the public documents necessary or convenient to formalize the transfer of the Pledged Shares in
    favour of the purchaser (or of the purchasers, as the case may be); and</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 56.7pt; text-align: justify; text-indent: -21.25pt">(ii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">por s&iacute;
    solo, ordenar a cualesquiera terceros, incluyendo el Depositario y cualesquiera intermediarios burs&aacute;tiles por cuenta ajena (<I>brokers</I>)
    y propia (<I>brokers-dealers</I>), la venta de las Acciones Pignoradas o su traspaso libre de pago a la propia cuenta de valores de la
    Parte Garantizada o a la que &eacute;ste estime oportuno.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.75pt; text-align: justify; text-indent: -21.25pt">(ii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">By itself order
    any third parties, including the Custodian and any broker or broker dealers, the sale of the Pledged Shares or the transfer of the Pledged
    Shares free of payment to the securities account of the Secured Party or to any other security custody account.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Dado que
    el poder contemplado en esta Cl&aacute;usula se otorga en inter&eacute;s de las Partes y que resulta necesario para el cumplimiento de
    las obligaciones asumidas por el Pignorante en la presente P&oacute;liza, el mismo se configura como irrevocable por lo que estar&aacute;
    en vigor mientras subsista cualquier obligaci&oacute;n pendiente de pago o cumplimiento bajo el Contrato o la presente P&oacute;liza.
    Por ello, la revocaci&oacute;n unilateral del poder referido en este Cl&aacute;usula por el Pignorante no producir&aacute; efecto alguno
    en tanto est&eacute; en vigor la presente P&oacute;liza.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">As this power
    is granted in the interests of the Parties and is necessary for the fulfilment of the obligations assumed by the Pledgor in the Agreement
    and this Deed, this power of attorney is irrevocable and shall remain in full force and effect as long as payment or fulfilment of any
    obligation under the Agreement or this Deed remains outstanding. Therefore, the unilateral revocation of the power referred to herein
    by the Pledgor shall not have any effect while this Deed is in force.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    declara conocer y aceptar que el ejercicio por la Parte Garantizada de las facultades que recibe en virtud del poder otorgado en virtud
    de esta Cl&aacute;usula puede implicar autocontrataci&oacute;n, lo acepta y la salva expresamente tanto para con la Parte Garantizada,
    como para, en su caso, aquellos que resulten ser su cesionarios o sucesores. Se salva tambi&eacute;n expresamente, autoriz&aacute;ndola,
    la autocontrataci&oacute;n con respecto a aquellos en los que la Parte Garantizada sustituya, subapodere o delegue el poder otorgado en
    virtud de esta Cl&aacute;usula.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor acknowledges
    and accepts that the exercise by the Secured Party of the authority received by virtue the power of attorney granted pursuant hereto may
    include self-contracting with respect to the Secured Party, and its assignees or transferees. Self-contracting is also expressly permitted
    with respect to those on whom the Secured Party may have delegated or substituted its power of attorney.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    por la presente otorga en este mismo acto y en escritura p&uacute;blica el poder indicado en esta Cl&aacute;usula conforme a los t&eacute;rminos
    de la minuta que se adjunta como <U>Anexo 10.1</U>.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    grants on this date the power of attorney referred to in this Clause in a public deed (<I>escritura p&uacute;blica</I>) in the terms set
    out in the form attached as <U>Schedule 10.1</U>.</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Parte
    Garantizada s&oacute;lo podr&aacute; hacer uso del poder irrevocable otorgado a su favor en el caso de que haya tenido lugar un Supuesto
    de Ejecuci&oacute;n.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">10.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Secured Party
    may only use the irrevocable power of attorney if an Enforcement Event has occurred.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">11.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">CESI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">11.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">ASSIGNMENT
    OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">11.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    reconoce y acepta que la Parte Garantizada puede ceder total o parcialmente el Contrato o los derechos derivados del mismo mediante cesiones
    de cr&eacute;dito, subrogaciones de posici&oacute;n contractual en dicho contrato o figuras equivalentes, todo ello en los t&eacute;rminos
    del Contrato y si estuviese permitido bajo el mismo.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">11.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    acknowledges and agrees that the Secured Party may totally or partially assign the Agreement or any rights arising there from by means
    of credit transfers, assignments or subrogation on contractual position or equivalent methods, all in accordance with the terms of and
    if permitted under the Agreement.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">11.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    reconoce y acepta expresamente que, de acuerdo con el art&iacute;culo 1.528 del C&oacute;digo Civil, cualquier cesi&oacute;n o subrogaci&oacute;n
    efectuada por la Parte Garantizada (o sus cesionarios o sucesores) al amparo de lo dispuesto en el Contrato conllevar&aacute; autom&aacute;ticamente,
    sin necesidad de nuevo consentimiento del Pignorante a tal efecto, la cesi&oacute;n proporcional de todos los derechos accesorios de garant&iacute;a
    establecidos en la presente P&oacute;liza y la constituci&oacute;n del cesionario o sucesor como beneficiario en la misma proporci&oacute;n
    de la Garant&iacute;a Financiera Pignoraticia constituida en la presente P&oacute;liza. El Pignorante y la Parte Garantizada informar&aacute;n
    al Depositario de cualquier cesi&oacute;n de su posici&oacute;n contractual bajo la presente P&oacute;liza y/o bajo el Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">11.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    expressly acknowledges and agrees that, in accordance with article 1,528 of the Spanish Civil Code, any assignment or transfer carried
    out by the Secured Party (or any subsequent assignee or transferee thereof) under the provisions of the Agreement shall automatically
    entail without the need of any further agreement of the Pledgor, the proportional assignment of all accessory security rights established
    in the present Deed and the constitution of the transferee or assignee as the beneficiary of the Financial Security Interest created in
    this Deed in the same proportion. The Pledgor and the Secured Party shall inform the Custodian of any assignment of their contractual
    position under this Deed and/or under the Agreement.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">11.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante,
    por la presente, renuncia por ello a exigir formalidad alguna distinta de las previstas en el Contrato para la acreditaci&oacute;n de
    las cesiones o subrogaciones mencionadas en esta Cl&aacute;usula. No obstante, si fuera requerido para ello por la Parte Garantizada,
    el Pignorante se compromete a otorgar cuantos documentos p&uacute;blicos o privados pudieran ser necesarios o convenientes para acreditar
    las cesiones o subrogaciones, en el bien entendido que los costes derivados del otorgamiento de tales documentos p&uacute;blicos o privados
    no ser&aacute;n a cargo del Pignorante.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">11.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor hereby
    waives any right to require any formality other than those set out in the Agreement in order to evidence the transfers, assignments or
    subrogation mentioned in this Clause. Notwithstanding the above, the Pledgor undertakes that, upon the Secured Party&rsquo;s request,
    it will grant as many public or private documents as may be necessary or convenient to evidence such transfers, assignments or subrogation,
    provided that any costs arising from the execution of any such private or public document shall not be payable by the Pledgor.</P>
    </TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">12.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">extinci&oacute;n
    de la GARANT&Iacute;A FINANCIERA PIGNORATICIA y devoluci&oacute;n de las acciones PIGNORADAS</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">12.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">CANCELLATION
    OF THE FINANCIAL SECURITY INTEREST AND RETURN OF THE PLEDGED SHARES</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">12.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Cumplidas,
    extinguidas o canceladas &iacute;ntegramente todas las Obligaciones Garantizadas, quedar&aacute; autom&aacute;ticamente extinguida la
    Garant&iacute;a Financiera Pignoraticia sobre las Acciones Pignoradas y la Parte Garantizada devolver&aacute; el Certificado de Garant&iacute;a
    Financiera Pignoraticia al Depositario.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">12.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Once all the
    Secured Obligations have been satisfied, extinguished or cancelled in full, the Financial Security Interest over the Pledged Shares shall
    automatically terminate and the Secured Party shall respectively deliver the Financial Security Interest Certificate to the Custodian.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">12.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Parte
    Garantizada se compromete, a solicitud del Pignorante a tal efecto y con preaviso razonable a otorgar cuantos documentos p&uacute;blicos
    o privados sean necesarios para declarar la cancelaci&oacute;n de la Garant&iacute;a Financiera Pignoraticia. Las Partes acuerdan que
    todos los tributos y gastos de notario y cualquier tercero y, en su caso, de notificaciones, derivados de dicha cancelaci&oacute;n correr&aacute;n
    a cargo de la Parte Garantizada.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">12.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Secured Party
    hereby undertakes, upon request from the Pledgor on reasonable notice, to execute such public or private documents as are necessary to
    declare the cancellation of the Financial Security Interest. The Parties agree that all taxes, charges by the Notary, and any third party
    expenses, as the case may be, notifications as a result of such cancellation shall be borne by the Secured Party.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">12.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La Parte
    Garantizada queda facultada en este acto para realizar los actos de cancelaci&oacute;n que sean necesarios para dar curso a lo previsto
    en los apartados anteriores de esta Cl&aacute;usula.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">12.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Secured Party
    is hereby empowered for undertaking the cancellation acts deemed to be necessary for the purposes of what it is set forth by this Clause.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">13.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">notificaciones</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">13.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">NOTICES</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Todas las
    notificaciones y comunicaciones relativas a la presente P&oacute;liza entre el Pignorante y la Parte Garantizada se efectuar&aacute;n
    por escrito, por correo electr&oacute;nico, fax, por correo certificado con acuse de recibo o por cualquier medio que permita tener constancia
    de su recepci&oacute;n. A estos efectos las comunicaciones y notificaciones efectuadas al Depositario se efectuar&aacute;n por cualquier
    medio de los mencionados anteriormente exceptuando el correo electr&oacute;nico.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Any notice, demand
    or other communication given or made under or in connection with the matters contemplated by this Deed between the Pledgor and Secured
    Party shall be made in writing, by email, fax, courier (with acknowledgement of receipt) or any other mean that provides evidence of its
    reception by the addressee. For these purposes, the communications and notices made to the Custodian shall be made by any of the abovementioned
    means excluding email.</P>
    </TD></TR>

  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Los domicilios
    a efectos de notificaciones de cada una de las Partes ser&aacute;n los siguientes:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The addresses
    for notices of each of the Parties shall be the following:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Para el
    Pignorante:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">For the Pledgor:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="text-transform: uppercase"><B>CRITERIA
    CAIXA, S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">[***]</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"></P></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="text-transform: uppercase"><B>CRITERIA
    CAIXA, S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt">[***]</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Para la
    Parte Garantizada:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">For the Secured
    Party:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><B>GOLDMAN SACHS INTERNATIONAL</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">[***]</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"></P></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><B>GOLDMAN SACHS INTERNATIONAL</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt">[***]</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">Para el
    Depositario:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">For the Custodian:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><B>CAIXABANK, S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">[***]</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><B>CAIXABANK, S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt">[***]</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La comunicaci&oacute;n
    se entender&aacute; recibida:</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Notice shall
    be deemed served:</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">si es entregada
    personalmente, en el momento de la efectiva entrega en la direcci&oacute;n arriba indicada;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(a)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">if delivered
    personally, upon delivery of the above address;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">si se env&iacute;a
    por correo certificado con acuse de recibo, cuando as&iacute; se indique en el documento de acuse de recibo, entendi&eacute;ndose recibida,
    en todo caso, si se entrega en la direcci&oacute;n arriba indicada en horas de oficina y aun si su recepci&oacute;n es rechazada por cualquier
    motivo; y</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(b)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">if sent by
    registered post with confirmation of delivery, when it is so indicated in the delivery confirmation or if delivered to the above address
    during working hours and even if the recipient refused to accept delivery for any reason; and</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: -35.45pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">entre el
    Pignorante y la Parte Garantizada, si se env&iacute;a por correo electr&oacute;nico, en el momento en el que el destinatario reciba la
    confirmaci&oacute;n de &ldquo;recibido&rdquo; o &ldquo;le&iacute;do&rdquo; que le env&iacute;a su sistema, o si no lo recibiera, cinco
    minutos despu&eacute;s de haberlo enviado y siempre que no reciba un mensaje que indique que el correo ha sido rechazado o no recibido.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt">(c)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 70.9pt; text-align: justify; text-indent: 0pt">between the
    Pledgor and the Secured Party if delivered by email, at the time when the sender receives a confirmation of &ldquo;delivered&rdquo; or
    &ldquo;read&rdquo; from its own system, or otherwise five (5) minutes after it is sent except where a rejected or delivery failure message
    is received.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">siempre que las comunicaciones anteriores se hagan en un d&iacute;a laborable para el destinatario antes de las 18:00 horas (hora del destinatario). En el caso de instrucciones al Depositario en relaci&oacute;n con las Acciones, estas deber&aacute;n recibirse por el Depositario antes de las 13:00 horas. Si se hicieran en d&iacute;a festivo para el destinatario, o en un d&iacute;a laborable pero m&aacute;s tarde de las 18:00 horas (hora del destinatario) (o 13:00 horas para instrucciones al Depositario en relaci&oacute;n con las Acciones), se entender&aacute; que los plazos anteriores empiezan a contar a partir de las 9:00 de la ma&ntilde;ana del siguiente d&iacute;a laborable para el destinatario. Como excepci&oacute;n a lo anterior, si el destinatario confirma por escrito la recepci&oacute;n del documento en un momento anterior del que resultar&iacute;a de la aplicaci&oacute;n de las reglas a) o b) anteriores, la comunicaci&oacute;n se entender&aacute; recibida en el momento de la confirmaci&oacute;n de la recepci&oacute;n por parte del destinatario.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">provided that all the above notices are made or served on a day which is a working day for the recipient and before 18:00 hours (recipient&rsquo;s local time). In the event of instructions in relation to the Shares to the Custodian, should be received by the Custodian before 13.00 hours. If they are made or served on a bank holiday for the recipient or on a working day after 18:00 hours (recipient&rsquo;s local time) (or 13.00 hours for instructions to the Custodian in relation to the Shares) the above deemed delivery times shall be understood to start at 9:00 a.m. on the following day which is working day for the recipient (recipient&rsquo;s local time). Except if the recipient confirms receipt in writing at a time before the one which would apply pursuant to a) or b) above, the notice shall be deemed to have been served at the time the recipient confirms receipt.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.4</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">A los efectos
    de la Cl&aacute;usula 13.2 anterior, las Partes deber&aacute;n notificar a la otra Parte de la presente P&oacute;liza cualquier cambio
    de nombre, destinatario, direcci&oacute;n o n&uacute;mero de fax. Dicha notificaci&oacute;n ser&aacute; efectiva a los dos (2) D&iacute;as
    H&aacute;biles desde su recepci&oacute;n por el destinatario.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">13.5</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">A Party may notify
    the other Party to this Deed of any change to its name, relevant addressee, address or fax number for the purposes of Clause 13.2 above
    provided that such notification shall only be effective on the date falling two (2) Business Days after notice of any such change has
    been received by the recipient.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">14.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">impuestos
    y gastos</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">14.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">TAXES
    AND EXPENSES</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Los costes derivados de intervenci&oacute;n notarial de la presente P&oacute;liza (incluyendo, pero sin limitaci&oacute;n, cualesquiera adendas a la presente P&oacute;liza) ser&aacute;n a cargo del Pignorante.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Pledgor shall pay the costs of notarial intervention of this Deed (including, but not limited to, any addendas to this Deed).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Todos los honorarios (tanto los de notario como de otras entidades que participen en la constituci&oacute;n de la presente Garant&iacute;a Financiera Pignoraticia) comisiones, tarifas, tasas, aranceles y tributos y, si fuera aplicable, gastos de notificaci&oacute;n que se devenguen y cualesquiera otros gastos que origine la preparaci&oacute;n, el otorgamiento, la intervenci&oacute;n en p&oacute;liza, la constituci&oacute;n y registro de la Garant&iacute;a Financiera Pignoraticia (incluyendo en particular, los honorarios, comisiones, tasas y gastos derivados del registro de la Garant&iacute;a Financiera Pignoraticia por el Depositario en Iberclear) o el cumplimiento de la presente P&oacute;liza o el cumplimiento de la presente P&oacute;liza y su modificaci&oacute;n, extensi&oacute;n, cancelaci&oacute;n o ratificaci&oacute;n, as&iacute; como todas las costas y gastos de ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia, por cualesquiera procedimientos, incluidos los aranceles, comisiones, gastos, honorarios, tarifas y tasas incurridos por la Parte Garantizada en caso de disposici&oacute;n o apropiaci&oacute;n directa de las Acciones Pignoradas (y en particular, los honorarios, gastos, comisiones y tasas de Iberclear, del Depositario y de los brokers intervinientes) as&iacute; como los gastos y honorarios, de toda &iacute;ndole, de abogado, procurador, miembros de la Bolsa correspondiente, entidades de valoraci&oacute;n (aun cuando la intervenci&oacute;n de &eacute;stos no fuere preceptiva) y cualquier otro, ser&aacute;n a cargo del Pignorante.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">All notary&rsquo;s fees (as well as notary&rsquo;s fees of other entities involved in the creation of this Financial Security Interest), fees, tariffs, rates, charges, taxes, duties and, if applicable, notification costs, which may accrue and any other expenses related to the creation and registration of this Financial Security Interest (including, in particular, the fees, rates and expenses arising from the registration of the Financial Security Interest by the Custodian in Iberclear), as well as other expenses related to the creation, drafting, execution, raising to a public deed (<I>p&oacute;liza</I>), and fulfilment of this Deed and its amendment, extension, cancellation or ratification, as well as all judicial costs and enforcement costs, by any procedural means, relating to the Financial Security Interest, including, tariffs, commissions, expenses, fees, rates and charges incurred by the Secured Party in the event of realisation or appropriation of the Pledged Shares (and in particular, the fees, expenses, commissions and rates of Iberclear, the Custodian and the intervening brokers) as well as the fees, expenses, commissions and charges of any fees and expenses of the lawyers, court representatives (<I>procuradores</I>), entities member of the relevant Stock Exchange, valuation entities (even when their intervention is not compulsory) and any other entity, unless, will be paid by the Pledgor.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">15.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">Modificaci&Oacute;n
    DEL CONTRATO</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">15.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">AMENDMENT
    OF THE AGREEMENT</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">El Pignorante y la Parte Garantizada acuerdan que la presente P&oacute;liza no modifica los t&eacute;rminos y condiciones del Contrato y en caso de que hubiese cualquier discrepancia entre ambos lo dispuesto en el Contrato prevalecer&aacute;. </FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Pledgor and the Secured Party hereby acknowledge and agree that this Deed shall not amend the terms and conditions of the Agreement and in case of discrepancy between the terms of this Deed and the terms of the Agreement, the terms of the Agreement shall prevail.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">16.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">CL&Aacute;USULAS
    NULAS O ANULABLES</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">16.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">SEVERABILITY</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Si cualquier estipulaci&oacute;n de la presente P&oacute;liza deviene nula o anulable, de conformidad con la legislaci&oacute;n aplicable, dicha Cl&aacute;usula se entender&aacute; por no puesta y el resto de estipulaciones de la presente P&oacute;liza ser&aacute;n v&aacute;lidas o ejecutables.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">If any provision of this Deed becomes void or voidable pursuant to applicable law, such provision shall be regarded as not applicable and the rest of the provisions of the Deed shall be valid and enforceable.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">17.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">copias</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">17.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">COPIES</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Las Partes prestan su conformidad para&nbsp;la expedici&oacute;n de posteriores testimonios de esta P&oacute;liza intervenida, a efectos del art&iacute;culo 517 de la LEC, y autorizan expresamente a la Parte Garantizada, a solicitar la expedici&oacute;n de dichos testimonios con efectos ejecutivos. Los gastos de las segundas y posteriores copias de la presente P&oacute;liza deber&aacute;n ser abonados por la parte que solicite dicha copia.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Parties agree to the issuance of further copies of this Deed, as notarized, for the purpose of article 517 of LEC, and specifically authorize the Secured Party, to request the issuance of such copies with enforcement effects. The costs of the issuance of any second or subsequent copy of this Deed will be paid by the party requesting such copy.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">18.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">IDIOMA</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">18.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">LANGUAGE</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">La presente P&oacute;liza se otorga a doble columna en idiomas espa&ntilde;ol e ingl&eacute;s. La versi&oacute;n en ingl&eacute;s se otorga a efectos informativos exclusivamente. En caso de que surgieran discrepancias entre ambas versiones, prevalecer&aacute; la versi&oacute;n en lengua espa&ntilde;ola.</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">This Deed is executed in double column Spanish and English. The English version is granted for information purposes only. In the event of discrepancies between the two versions, the Spanish language version shall prevail.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">19.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">EFICACIA
    DE LA Garant&iacute;a Financiera Pignoraticia</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">19.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">EFFECTIVENESS
    OF THE FINANCIAL SECURITY INTEREST</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Salvo disposici&oacute;n en contrario de la ley o de otra manera de acuerdo con los t&eacute;rminos del Contrato, las obligaciones del Pignorante no se ver&aacute;n afectadas por ning&uacute;n acto, omisi&oacute;n, asunto o cosa que, salvo esta Cl&aacute;usula, reduzca, libere o perjudique sus obligaciones respectivas bajo la Garant&iacute;a Financiera Pignoraticia o el Contrato (sin limitaci&oacute;n y sin perjuicio de que sea o no es conocido por el Pignorante o por la Parte Garantizada), incluyendo:</FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Unless otherwise provided by law or otherwise in accordance with the terms of the Agreement, the obligations of the Pledgor will not be affected by any act, omission, matter or thing which, but for this Clause, would reduce, release or prejudice any of their respective obligations under the Financial Security Interest or the Agreement (without limitation and whether or not known to the Pledgor or the Secured Party), including:</FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(i)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">(salvo en
    lo que es objeto espec&iacute;fico del consentimiento o renuncia), cualquier renuncia o consentimientos otorgados al Pignorante o a cualquier
    tercero;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; padding-left: 0.5in; font-size: 11pt; text-indent: -0.25in; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(i)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">(except for
    what it the subject of the specific waiver o consent) any waiver or consent granted to the Pledgor or any other person;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(ii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">la liberaci&oacute;n
    del Pignorante o de cualquier otra persona que, en cada se realice en los t&eacute;rminos de cualquier procedimiento concursal o preconcursal
    con cualquier acreedor del Pignorante;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-left: 0.5in; font-size: 11pt; text-indent: -0.25in; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(ii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">the release
    of the Pledgor or any other person under the terms of any creditor composition or out-of court arrangement with any creditor of the Pledgor;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(iii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">el no ejercicio
    de cualquier derecho contra el Pignorante, o la omisi&oacute;n de tomar cualquier acci&oacute;n para perfeccionar o realizar el valor
    de cualquier garant&iacute;a otorgada;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-left: 0.5in; font-size: 11pt; text-indent: -0.25in; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(iii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">the failure
    to exercise any right against the Pledgor or the or refusal or neglect of any action to perfect, take up or enforce any security granted;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(iv)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">cualquier
    incapacidad o falta de poder, autoridad o personalidad jur&iacute;dica de, o disoluci&oacute;n o cambio en los miembros o situaci&oacute;n
    del Pignorante o cualquier otra persona;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; padding-left: 0.5in; font-size: 11pt; text-indent: -0.25in; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(iv)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">any incapacity
    or lack of power, authority or legal personality of or dissolution or change in the members or status of the Pledgor or any other person;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(v)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">la modificaci&oacute;n
    (aunque sea fundamental) o sustituci&oacute;n del Contrato o cualquier otro documento o garant&iacute;a;</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(v)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">any amendment
    (however fundamental) or replacement of the Agreement or any other document or security;</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(vi)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">la inejecutabilidad,
    ilegalidad o invalidez de cualquier obligaci&oacute;n de cualquier persona bajo el Contrato o cualquier otro documento o garant&iacute;a;
    o</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(vi)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">the unenforceability,
    illegality or invalidity of any obligation of any person under the Agreement or any other document or security; or</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: -35.4pt">(vii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 106.3pt; text-align: justify; text-indent: 0pt">la insolvencia
    concurso o procedimientos similares del Pignorante.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.4pt; text-align: justify; text-indent: -24.35pt">(vii)</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt">the insolvency
    (<I>concurso</I>) or similar proceedings of the Pledgor.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">20.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">LEY
    APLICABLE Y JURISDICCI&Oacute;N</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">20.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">APPLICABLE
    LAW AND JURISDICTION</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">20.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La presente
    P&oacute;liza se regir&aacute; por la legislaci&oacute;n espa&ntilde;ola y en particular por lo dispuesto en el RDL 5/2005</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">20.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">This Deed shall
    be governed by Spanish Law and, in particular, by the provisions set out in RDL 5/2005</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">20.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Partes,
    con renuncia expresa a cualquier otro fuero que les pudiera corresponder, someten expresa e irrevocablemente cuantas cuestiones puedan
    surgir en relaci&oacute;n con la presente P&oacute;liza a los juzgados y tribunales de la ciudad de Madrid (Espa&ntilde;a).</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">20.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Parties,
    hereby expressly waiving their rights to any other jurisdiction which may be available to them, hereby expressly and irrevocably submit
    any matter in connection with this Deed to the courts of the city of Madrid (Spain).</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">20.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">La sumisi&oacute;n
    a la jurisdicci&oacute;n de los Tribunales referidos en esta Cl&aacute;usula no limitar&aacute;n (y no ser&aacute;n interpretados como
    tal) el derecho de la Parte Garantizada de iniciar acciones, distintas de aquellas previstas en la presente P&oacute;liza, contra el Pignorante,
    o en cualquier otro Tribunal de la jurisdicci&oacute;n competente y el inicio de acciones en una o m&aacute;s jurisdicciones no precluir&aacute;
    el inicio de acciones en cualquier otra jurisdicci&oacute;n (sea o no concurrente) en la medida en que est&eacute; permitida por la ley
    aplicable.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">20.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The submission
    to the jurisdiction of the Courts referred to in this Clause shall not (and shall not be construed so as to) limit the right of the Secured
    Party to take proceedings, different from the ones foreseen in this Deed, against the Pledgor, or in any other Court of competent jurisdiction
    nor shall the taking of proceedings in any one or more jurisdictions preclude the taking of proceedings in any other jurisdiction (whether
    concurrently or not) if and to the extent permitted by applicable law.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 51%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt">21.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">RATIFICACI&Oacute;N
    DEL CONTRATO</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 47%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">21.</P>

    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-transform: uppercase; text-align: justify; text-indent: 0pt">RATIFICATION
    OF THE AGREEMENT</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">21.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">El Pignorante
    y la Parte Garantizada expresamente ratifican el Contrato (que se adjunta a la presente P&oacute;liza como Anexo 21) en su integridad
    y a todos los efectos legales oportunos.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">21.1</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Pledgor and
    the Secured Party expressly ratify the Agreement (attached hereto as Schedule 21) in its entirety and for all the relevant legal purposes.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">21.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">Las Partes
    acuerdan que la presente P&oacute;liza, al que se adjunta una copia del Contrato, y en el que se ratifica &iacute;ntegramente el contenido
    de dicho contrato, servir&aacute; de t&iacute;tulo ejecutivo a todos los efectos, incluyendo a los efectos del art&iacute;culo 517 de
    la Ley de Enjuiciamiento Civil.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">21.2</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">The Parties agree
    that this Deed, to which a copy of the Agreement is attached, and whereby its contents are fully confirmed, shall be deemed to be an enforcement
    title (<I>t&iacute;tulo ejecutivo</I>) for all purposes, including for the purposes of article 517 of the Spanish Procedural Law (<I>Ley
    de Enjuiciamiento Civil</I>).</P>
    </TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; width: 51%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 35.45pt; text-align: justify; text-indent: -35.45pt">21.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">En particular,
    en caso de ejecuci&oacute;n de la presente P&oacute;liza, el importe l&iacute;quido, vencido y exigible ser&aacute; calculado por la Parte
    Garantizada de conformidad con los t&eacute;rminos del Contrato.</P>
    </TD>
    <TD STYLE="padding-top: 4pt; width: 2%; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; width: 47%; padding-bottom: 4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt">21.3</P>

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 1.4pt 0pt 0.5in; text-align: justify; text-indent: 0pt">In particular,
    in the event of enforcement of this Deed, the due, liquid and payable amount under the Agreement shall be calculated by the Secured Party
    pursuant to the terms of the Agreement.</P>
    </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">Las Partes se manifiestan conformes con el contenido de la presente P&oacute;liza y sus anexos, que aceptan y firman: </FONT></TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; font-size: 11pt; text-align: justify; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">The Parties hereby agree with the contents of this Deed and its schedules, which they accept and sign:</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
                                            <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>EL PIGNORANTE / THE PLEDGOR</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>CRITERIA CAIXA, S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ &Aacute;ngel
    Sim&oacute;n Grimaldos</FONT></P></TD>
    <TD STYLE="font-size: 10pt; width: 25%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&Aacute;ngel Sim&oacute;n Grimaldos</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>LA PARTE GARANTIZADA / THE SECURED
    PARTY</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>GOLDMAN SACHS INTERNATIONAL</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>EL DEPOSITARIO
    / THE CUSTODIAN</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>CAIXABANK,
    S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Marcos Garc&iacute;a Arroyo</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 25%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">Marcos Garc&iacute;a Arroyo</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/Beatriz Escudero Garc&iacute;a</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">Beatriz Escudero Garc&iacute;a</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>EL AGENTE
    DE C&Aacute;LCULO / THE CALCULATION AGENT</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>GOLDMAN SACHS INTERNATIONAL</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%">/s/ Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 10pt; width: 25%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>Anexo (D) /
SCHEDULE (D)</U><BR>
COPIA DEL certificado DE propiedad DE LAS acciones / COPY OF THE ownership certificate for the shares</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>Anexo 2.3 /
SCHEDULE 2.3</U><BR>
COPIA DEL certificado DE GARANT&Iacute;A FINANCIERA PIGNORATICIA / COPY OF THE FINANCIAL SECURITY INTEREST CERTIFICATE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>ANEXO 8.1 / SCHEDULE 8.1</U><BR>
LISTADO DE PERSONAS AUTORIZADAS DE GOLDMAN SACHS / GOLDMAN SACHS AUTHORISED PERSONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>anexo 9.3 /
SCHEDULE 9.3</U><BR>
NOTIFICACI&Oacute;N DE EJECUCI&Oacute;N / ENFORCEMENT NOTICE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>[Este formato se completar&aacute; o modificar&aacute;
por la Parte Garantizada seg&uacute;n las<BR>
circunstancias de la ejecuci&oacute;n que en su caso se realice] </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Estimados Sres:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Notificaci&oacute;n de ejecuci&oacute;n de
la Garant&iacute;a Financiera Pignoraticia</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nos ponemos en contacto con Uds. en relaci&oacute;n
con (i) la confirmaci&oacute;n (la &ldquo;<B>Confirmaci&oacute;n</B>&rdquo;) suscrita por Uds. el 5 de abril de 2024 y sujeto a derecho
ingl&eacute;s, que suplementa, forma parte de, y est&aacute; sujeto al ISDA 2002 Master Agreement de fecha 16 de diciembre de 2016 (el
&ldquo;<B>Contrato ISDA Master</B>&rdquo;, y junto con la Confirmaci&oacute;n, el &ldquo;<B>Contrato</B>&rdquo;) elevado a p&uacute;blico
ante el Notario de [Madrid] [D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] en fecha [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
y (ii) el contrato de garant&iacute;a financiera pignoraticia sobre acciones de [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
de fecha [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] de [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
de [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] celebrado entre [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;],
como pignorante, [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;], como parte garantizada y otorgado en garant&iacute;a
de las obligaciones financieras principales del Contrato y sujeto por voluntad de las partes del mismo al r&eacute;gimen establecido en
el Real Decreto-Ley 5/2005, elevado a p&uacute;blico ante el Notario de [Madrid] [D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
en esa misma fecha (la &ldquo;<B>Garant&iacute;a Financiera Pignoraticia&rdquo;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">La Garant&iacute;a Financiera Pignoraticia est&aacute;
debidamente inscrita sobre valores anotados en los correspondientes registros de anotaciones en cuenta (las &ldquo;<B>Acciones Pignoradas</B>&rdquo;)
de cuya llevanza [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] es responsable y depositario.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mediante la presente les comunicamos que se ha
producido un [Supuesto de Ejecuci&oacute;n] (seg&uacute;n este t&eacute;rmino queda definido en el Contrato y en la Garant&iacute;a Financiera
Pignoraticia), por lo que procedemos a ejecutar la Garant&iacute;a Financiera Pignoraticia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">En consecuencia, les damos instrucciones irrevocables
para que procedan a lo siguiente: [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] [a <I>completar con las instrucciones
de ejecuci&oacute;n o traspaso de las Acciones Pignoradas (o activos correspondientes) que procedan seg&uacute;n establezca la Parte Garantizada
de conformidad con lo previsto en la cl&aacute;usula [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] de la Garant&iacute;a
Financiera Pignoraticia (Ejecuci&oacute;n de la garant&iacute;a financiera pignoraticia)</I>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Atentamente,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>[Translation of the Enforcement Notice provided
for information purposes only]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Sirs,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Enforcement Notice of the Financial Security Interest</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are contacting you in connection with the (i)
confirmation (the &ldquo;<B>Confirmation</B>&rdquo;) entered into by you on 5 April 2024 and subject to English law, which supplements,
forms part of, and is subject to the ISDA 2002 Master Agreement dated as of 16 December 2016 between us (the &ldquo;<B>ISDA Master Agreement</B>&rdquo;,
and together with the Confirmation, the &ldquo;<B>Agreement</B>&rdquo;) raised to the status of a Spanish document before the Notary of
[Madrid] [Mr./Ms.] [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] on [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
and (ii) the financial security interest agreement over shares in [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
entered into on [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
2024 between [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] as pledger and [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
as secured party, and granted to secure the main financial obligations of the Agreement and subject to Royal Decree-Law 5/2005, 11 March
elevated to the status of a Spanish document before the Notary of [Madrid] [Mr./Ms.] [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
on this date (the &ldquo;<B>Financial Security Interest</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Financial Security Interest is duly registered
over the securities recorded in the relevant book-entries (the &ldquo;<B>Pledged Shares</B>&rdquo;), being [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;]
the responsible and custodian of these Pledged Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By means of this notice, we inform you that an
Enforcement Event has occurred (as this term is defined in the Agreement and in the Financial Security Interest) and thus, we proceed
with the enforcement of the Financial Security Interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a consequence, you are hereby irrevocably instructed
to [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] [<I>to be completed with the instructions of enforcement or transfer
of the Pledged Shares (or relevant assets) that may proceed as established by the Secured Party pursuant to the provisions set out in
Clause [&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;] of the Financial Security Interest (Enforcement of the Financial
Security Interest)</I>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yours faithfully,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">[&nbsp;<FONT STYLE="font-family: Wingdings 2">&tilde;</FONT>&nbsp;].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><B><U>ANEXO 9.4 / SCHEDULE 9.4</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><B>MUESTRA DE LAS FIRMAS DE LOS FIRMANTES
AUTORIZADOS DE LA PARTE GARANTIZADA / SPECIMEN OF SIGNATURES OF SECURED PARTY AUTHORIZED SIGNATORY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>ANEXO 10.1 / SCHEDULE 10.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">MINUTA DE ESCRITURA
DE PODER IRREVOCABLE / FORM OF IRREVOCABLE Power of Attorney</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><B><U>ANEXO 21 / SCHEDULE 21</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: 0in"><B>COPIA DEL CONTRATO
/ COPY OF THE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: 0in">&nbsp;</P>


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<TYPE>EX-99.4
<SEQUENCE>3
<FILENAME>dp215887_ex9904.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.4</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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    <TD STYLE="width: 100%; border-bottom: Black 1pt solid"><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CRITERIA
                                            CAIXA, S.A.U.</B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">(como Pignorante)
    / (as Pledgor)</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">y / and</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>GOLDMAN SACHS
    INTERNATIONAL</B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">(como Parte
    Garantizada) / (as Secured Party)</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">y / and</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CAIXABANK,
    S.A.</B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">(como Banco
    de la Cuenta) / (as Account Bank)</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
                                               <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>P&Oacute;LIZA
                                            DE GARANT&Iacute;A FINANCIERA PIGNORATICIA SOBRE EFECTIVO</B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>/ </B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>DEED (<I>P&Oacute;LIZA</I>)
    OF FINANCIAL SECURITY INTEREST OVER CASH</B></FONT></P>
    <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P></TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CONTENIDO<BR>
TABLE OF CONTENTS</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="3" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">CL&Aacute;USula
    / CLAUSE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">P&aacute;gina
                                            / PAGE</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">INTERPRETACI&Oacute;N
    Y DEFINICIONES</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">6</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">INTERPRETATION
    AND DEFINITIONS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">6</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">2</FONT></TD>
    <TD STYLE="text-transform: uppercase; font: 10pt Times New Roman, Times, Serif; color: Black">CONSTITUCI&Oacute;N DE GARANT&Iacute;A FINANCIERA PIGNORATICIA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">8</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">2</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">CREATION
    OF FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">8</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">3</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">DESPLAZAMIENTO
    POSESORIO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">9</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">3</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">TRANSFER
    OF POSSESSION</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">9</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">4</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">OBLIGACIONES GARANTIZADAS</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">10</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">4</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">SECURED
    OBLIGATIONS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">10</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">5</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">CAR&Aacute;CTER INDIVISIBLE DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">11</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">5</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">INDIVISIBLE
    NATURE OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">11</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">6</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">EXTENSI&Oacute;N
    de la GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">12</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">6</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">EXTENSION
    OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">12</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">7</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">OBLIGACIONES
    DEL PIGNORANTE Y CONSERVACI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">13</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">7</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">OBLIGATIONS
    OF THE PLEDGOR AND PRESERVATION OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">13</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">8</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">DECLARACIONES
    Y GARANT&Iacute;AS DEL PIGNORANTE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">16</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">8</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">REPRESENTATIONS
    AND WARRANTIES OF THE PLEDGOR</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">16</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">9</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">DECLARACIONES, GARANT&Iacute;AS Y COMPROMISOS DEL BANCO DE LA CUENTA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">18</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">9</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">REPRESENTATIONS,
    WARRANTIES AND UNDERTAKINGS OF THE ACCOUNT BANK</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">18</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">10</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">EJECUCI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">19</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">10</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">ENFORCEMENT
    OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">19</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">11</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">PODER
    IRREVOCABLE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">22</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">11</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">IRREVOCABLE
    POWER OF ATTORNEY</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">22</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">12</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">CESI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">24</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">12</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">ASSIGNMENT
    OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">24</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">13</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">EXTINCI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA Y DEVOLUCI&Oacute;N DEL EFECTIVO</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">25</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">13</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">CANCELLATION
    OF THE FINANCIAL SECURITY INTEREST AND RETURN OF THE CASH</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">25</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">14</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">NOTIFICACIONES</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">25</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">14</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">NOTICES</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">25</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">15</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">IMPUESTOS Y GASTOS</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">27</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">15</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">TAXES
    AND EXPENSES</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">27</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">16</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">MODIFICACI&Oacute;N DEL CONTRATO</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">16</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">AMENDMENT
    OF THE AGREEMENT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">17</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">CL&Aacute;USULAS
    NULAS O ANULABLES</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">17</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">SEVERABILITY</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">18</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">COPIAS</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">18</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">COPIES</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">19</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">IDIOMA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">19</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">LANGUAGE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">20</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black">EFICACIA DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">20</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">EFFECTIVENESS
    OF THE FINANCIAL SECURITY INTEREST</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">28</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">21</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">LEY
    APLICABLE Y JURISDICCI&Oacute;N</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">29</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">21</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">APPLICABLE
    LAW AND JURISDICTION</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">29</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">22</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">RATIFICACI&Oacute;N
    DEL CONTRATO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">30</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: middle">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">22</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">RATIFICATION
    OF THE AGREEMENT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; color: Black; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">30</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0in; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">anexo
    (C) / SCHEDULE (C) COPIA DEL CONTRATO DE LA CUENTA / COPY OF THE ACCOUNT AGREEMENT</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; text-indent: 0in; text-transform: uppercase; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0in; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">anexo
    2.3 / SCHEDULE 2.3 NOTIFICACI&Oacute;N AL BANCO DE LA CUENTA / NOTIFICATION TO THE ACCOUNT BANK</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0in; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">anexo
    10.3 / SCHEDULE 10.3 NOTIFICACI&Oacute;N DE EJECUCI&Oacute;N / ENFORCEMENT NOTICE</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 50%; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">P&Oacute;LIZA
    DE GARANT&Iacute;A FINANCIERA PIGNORATICIA SOBRE EFECTIVO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 2%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 48%; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEED
    (P&Oacute;LIZA) OF FINANCIAL SECURITY INTEREST OVER CASH</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    Madrid y Barcelona, a 31 de julio de 2024.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    Madrid and Barcelona, on 31 July 2024.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Con
    la intervenci&oacute;n de D. Fernando Molina Stranz, Notario de Madrid y de su Ilustre Colegio, y en Barcelona, en la misma fecha,
    con la intervenci&oacute;n de D&ntilde;a. Blanca Pardo Garc&iacute;a, Notario de Barcelona y del Ilustre Colegio de Notarios de Catalu&ntilde;a,
    expresamente requeridos para este acto.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
    the intervention of Mr. Fernando Molina Stranz, Notary of Madrid and of its Illustrious Bar Association, and in Barcelona, on this
    same date, with the intervention of Ms. Blanca Pardo Garc&iacute;a, Notary of Barcelona and of the Catalonia&rsquo;s Illustrious
    Bar Association, expressly required for this purpose.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REUNIDOS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BETWEEN</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">De
    una parte,</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
    one hand,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">CRITERIA
    CAIXA, S.A.U. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">una sociedad cuyos datos registrales
    son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza. Los datos personales de su(s) representante(s), as&iacute;
    como los del poder en virtud del cual comparece(n) son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza (el
    &ldquo;Pignorante&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">CRITERIA
    CAIXA, S.A.U. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a company which registration details
    are those set out in the intervention hereof. The personal details of its representative(s), as well as the details of the power
    of attorney by virtue of which such representative(s) appear(s) are those set out in the intervention hereof (the &ldquo;Pledgor&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">De
    otra parte,</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
    the other hand,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(2)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
    SACHS INTERNATIONAL, una sociedad cuyos datos registrales son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza.
    Los datos personales de su(s) representante(s), as&iacute; como los del poder en virtud del cual comparece(n) son los que figuran
    en la intervenci&oacute;n de la presente p&oacute;liza (la &ldquo;Parte Garantizada&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(2)</FONT></P>
   <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
   SACHS INTERNATIONAL, a company which registration details are those set out in the intervention hereof. The personal details of its
   representative(s), as well as the details of the power of attorney by virtue of which such representative(s) appear(s) are those set
   out in the intervention hereof (the &ldquo;Secured Party&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">De
    otra parte,</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
    the other hand,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(3)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
    SACHS INTERNATIONAL, como agente de c&aacute;lculo (Calculation Agent) (el &ldquo;Agente de C&aacute;lculo&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(3)</FONT></P>
   <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
   SACHS INTERNATIONAL, as calculation agent (the &ldquo;Calculation Agent&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: -0.5in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Y,
    de otra parte,</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 39.75pt; text-align: justify; text-indent: -39.75pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">And,
    on the other hand,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(4)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAIXABANK,
    S.A., una sociedad cuyos datos registrales son los que figuran en la intervenci&oacute;n de la presente p&oacute;liza. Los datos
    personales de su(s) representante(s), as&iacute; como los del poder en virtud del cual comparece(n) son los que figuran en la intervenci&oacute;n
    de la presente p&oacute;liza (el &ldquo;Banco de la Cuenta&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 39.75pt; text-align: justify; text-indent: -39.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">(4)</FONT></P>
   <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAIXABANK,
   S.A., a company which registration details are those set out in the intervention hereof. The personal details of its representative(s),
   as well as the details of the power of attorney by virtue of which such representative(s) appear(s) are those set out in the intervention
   hereof (the &ldquo;Account Bank&rdquo;).</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 50%; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Banco de la Cuenta otorga la presente P&oacute;liza para tomar raz&oacute;n (i) de la constituci&oacute;n de la Garant&iacute;a Financiera
    Pignoraticia (que figura en la Cl&aacute;usula &lrm;2 siguiente); (ii) de las declaraciones, garant&iacute;as y compromisos (que
    figuran en la Cl&aacute;usula &lrm;9 siguiente); (iii) los mecanismos de ejecuci&oacute;n (que figuran en la Cl&aacute;usula &lrm;10
    siguiente); y (iv) del cumplimiento de las obligaciones previstas para el mismo en virtud de la presente Garant&iacute;a Financiera
    Pignoraticia, incluyendo, sin limitaci&oacute;n la Cl&aacute;usula 14.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 2%; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; width: 48%; padding-left: 35.85pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Account Bank executes this Deed for the purposes of acknowledging (i) the creation of the Financial Security Interest (as set out
    in Clause &lrm;2 below); (ii) the representation, warranties and undertakings (as set out in Clause &lrm;9 below); and (iii) the
    enforcement mechanisms (as set out in Clause &lrm;10 below); and (iv) the compliance with the obligations provided for it under this
    Financial Security Interest, including, without limitation, Clause 13.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cada
    uno de los intervinientes ser&aacute; denominado una &ldquo;Parte&rdquo; y conjuntamente, las &ldquo;Partes&rdquo;.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
    of the above, a &ldquo;Party&rdquo; and together, the &ldquo;Parties&rdquo;.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante y la Parte Garantizada reconoci&eacute;ndose mutuamente capacidad plena para otorgar la presente P&oacute;liza</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor and the Secured Party mutually recognising each other&rsquo;s capacity to enter into this Deed, hereby</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt">EXPONEN</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt">DECLARE</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">(A)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Q</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ue,
    en fecha 5 de abril de 2024, el Pignorante y la Parte Garantizada han suscrito una confirmaci&oacute;n (tal y como ha sido novada
    y refundida en cada momento y, en particular, en el d&iacute;a de hoy, la &ldquo;Confirmaci&oacute;n&rdquo;), que suplementa, forma
    parte de, y est&aacute; sujeta al ISDA Master Agreement, junto con su Anexo de Soporte de Cr&eacute;dito (Credit Support Annex),
    suscrito en fecha 16 de diciembre de 2016 (el &ldquo;Contrato M&aacute;ster ISDA&rdquo;, y junto con la Confirmaci&oacute;n, el &ldquo;Contrato&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That,
    on 5 April 2024, the Pledgor and the Secured Party have entered into a confirmation (as amended and restated from time to time and,
    in particular, on the date hereof, the &ldquo;Confirmation&rdquo;), which supplements, forms part of, and is subject to the ISDA
    Master Agreement, together with the Credit Support Annex thereof dated as of 16 December 2016 (the &ldquo;ISDA Master Agreement&rdquo;,
    and together with the Confirmation, the &ldquo;Agreement&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt">El
Contrato ha sido otorgado sobre la base y el entendimiento de que la operaci&oacute;n reflejada en el mismo constituye una operaci&oacute;n
financiera de la que se derivan obligaciones financieras principales, tal y como se definen en el Real Decreto-Ley 5/2005, de 11 de marzo,
de reformas urgentes para el impulso de la productividad y para la mejora de la contrataci&oacute;n p&uacute;blica (tal y como pueda
ser novado en cada momento) (en lo sucesivo, el &ldquo;RDL 5/2005&rdquo;), lo cual aceptan y manifiestan todas las Partes expresamente.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt">The
Agreement has been effected on the basis and the understanding that the transaction reflected therein is a financial transaction from
which principal financial obligations arise, as defined in the Royal Decree-Law 5/2005, 11 March (hereinafter, as may be amended from
time to time, the &ldquo;RDL 5/2005&rdquo;), all of which the Parties hereto expressly accept and represent.</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que,
    en el d&iacute;a de hoy, junto con la presente Garant&iacute;a Financiera Pignoraticia (tal y como dicho t&eacute;rmino se define
    a continuaci&oacute;n), el Pignorante ha otorgado una p&oacute;liza de garant&iacute;a financiera pignoraticia sobre 185.136.784
    acciones de Telef&oacute;nica, S.A. (la &ldquo;Garant&iacute;a Financiera Pignoraticia sobre Acciones&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That,
    on the date hereof, together with this Financial Security Interest (as such term is defined below), the Pledgor has granted a deed
    (p&oacute;liza) of financial security interest over 185,136,784 shares in Telef&oacute;nica, S.A. (the &ldquo;Financial Security
    Interest over Shares&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que
    el Pignorante es titular de la siguiente cuenta bancaria n&uacute;mero [***] (la &ldquo;Cuenta Bancaria&rdquo;)
    abierta con el Banco de la Cuenta.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor is the owner of the following bank account number [***] (the &ldquo;Bank Account&rdquo;) opened with
    the Account Bank.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    contrato en el que se documenta la Cuenta Bancaria ser&aacute; denominado el &ldquo;Contrato de la Cuenta&rdquo;.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    agreement whereby the Bank Account is formalized shall be referred to as the &ldquo;Account Agreement&rdquo;.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Se
    adjunta como <U>Anexo &lrm;(C)</U> una copia del Contrato de la Cuenta.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attached
    hereto as <U>Schedule &lrm;(C)</U> is a copy of the Account Agreement.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(D)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que
    el Pignorante es pleno y leg&iacute;timo titular del efectivo presente y futuro susceptible de pignoraci&oacute;n que en cada momento
    se halle depositado en la Cuenta Bancaria.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(D)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    the Pledgor is the sole and legitimate owner of the present and future cash that can be subject to a pledge which may be deposited
    in the Bank Account.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(E)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que
    el Pignorante se ha comprometido frente a la Parte Garantizada, de forma irrevocable e incondicional, a otorgar una garant&iacute;a
    financiera pignoraticia sometida a lo establecido en el RDL 5/2005 sobre todo el efectivo que se encuentre depositado en la Cuenta
    Bancaria en cada momento, junto con los derechos de cr&eacute;dito que se deriven en cada momento a favor del Pignorante frente al
    Banco de la Cuenta (conjuntamente el &ldquo;Efectivo&rdquo;) en garant&iacute;a del &iacute;ntegro y puntual pago y/o cumplimento
    de las Obligaciones Garantizadas (tal y como dicho t&eacute;rmino se define en la Cl&aacute;usula &lrm;2.1 siguiente). Las Partes
    declaran que el otorgamiento de la presente garant&iacute;a financiera pignoraticia sometida a lo establecido en el RDL 5/2005 es
    y ha sido una condici&oacute;n esencial para que la Parte Garantizada haya suscrito el Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 5pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(E)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That
    the Pledgor has irrevocably and unconditionally undertaken before the Secured Party to grant a financial security interest subject
    to the RDL 5/2005 over all the cash deposited in the Bank Account from time to time, and the credit rights that derive at any given
    time in favour of the Pledgor against the Account Bank (the &ldquo;Cash&rdquo;) as security for the full and timely payment and/or
    performance of the Secured Obligations (as such term is defined in Clause &lrm;2.1 below). The Parties declare that the granting
    of this financial security interest subject to the RDL 5/2005 is and has been an essential condition for the Secured Party to enter
    into the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(F)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que,
    en virtud de cuanto antecede, las Partes han convenido en suscribir esta p&oacute;liza (la &ldquo;P&oacute;liza&rdquo;) de Garant&iacute;a
    Financiera Pignoraticia (tal y como dicho t&eacute;rmino se define a continuaci&oacute;n) sobre el Efectivo, sometida a lo establecido
    en el RDL 5/2005, de conformidad con las siguientes</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(F)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
    to the above, the Parties have agreed to enter into this deed (p&oacute;liza) (the &ldquo;Deed&rdquo;) of Financial Security Interest
    (as such term is defined below) over the Cash subject to the RDL 5/2005, in accordance with the following</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt; width: 50%">CL&Aacute;USULAS</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: center; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt; width: 48%">CLAUSES</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTERPRETACI&Oacute;N
    Y DEFINICIONES</B></FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTERPRETATION
    AND DEFINITIONS</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    efectos de la presente P&oacute;liza, y salvo que otra cosa se establezca en la misma, los t&eacute;rminos que aparezcan con may&uacute;scula
    tendr&aacute;n el mismo significado que en el Contrato. En caso de discrepancia entre los t&eacute;rminos de la presente P&oacute;liza
    y los t&eacute;rminos del Contrato, prevalecer&aacute; lo previsto en el Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the purposes of this Deed, and unless otherwise provided herein, capitalised terms shall have the meaning ascribed to them in the
    Agreement. In case of discrepancy between the terms of this Deed and the terms of the Agreement, the provisions of the Agreement
    shall prevail.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Salvo
    que del contexto se deduzca lo contrario, las palabras (incluyendo las palabras definidas en la presente P&oacute;liza), en singular
    incluir&aacute;n el plural y viceversa, las palabras del g&eacute;nero masculino incluir&aacute;n el g&eacute;nero femenino y neutro,
    y las palabras que hagan referencia a una persona incluir&aacute;n una persona jur&iacute;dica o sociedad y viceversa.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
    the context otherwise requires, words (including words defined in this Deed) denoting the singular number only shall include the
    plural and vice versa, words importing the masculine gender shall include the feminine and neuter genders, and words importing a
    person shall include a body corporate or firm and vice versa.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cualquier
    referencia a cualquier documento incluye ese documento tal y como haya o pueda ser modificado, variado, cedido, novado, refundido
    o suplementado en cada momento y cualquier referencia a una parte incluir&aacute; a sus sucesores, cesionarios autorizados y sus
    beneficiarios autorizados.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    reference to any document includes that document as it has or may be amended, varied, assigned, novated, restated or supplemented
    from time to time and any reference to a party shall include that party&rsquo;s successors in title, permitted assignees and permitted
    transferees.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Esta
    P&oacute;liza no modifica los t&eacute;rminos y condiciones del Contrato, que permanecer&aacute;n sujetos a sus propios t&eacute;rminos
    y condiciones.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
    Deed shall not alter of affect the terms and conditions of the Agreement which will remain in full force and effect subject to their
    own terms and conditions.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante y la Parte Garantizada manifiestan conocer y aceptar, en toda su integridad, los t&eacute;rminos y condiciones del Contrato
    del que son parte y por lo tanto tienen copia.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor and the Secured Parties state that they know and accept in full the terms and conditions of the Agreement to which they are
    a party and therefore have a copy.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    los prop&oacute;sitos de la presente P&oacute;liza:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the purposes of this Deed:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;D&iacute;as
    H&aacute;biles&rdquo; significa un d&iacute;a (distinto de s&aacute;bado o domingo) en el que los bancos est&eacute;n abiertos para
    efectuar operaciones en Madrid and Barcelona.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Business
    Day&rdquo; means a day (other than Saturday or Sunday) on which banks are open for business in Madrid and Barcelona.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Efectivo&rdquo;
    tiene el significado atribuido en el expositivo &lrm;(D) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Cash&rdquo;
    has the meaning ascribed to it in recital &lrm;(D) of this Deed.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Supuesto
    de Ejecuci&oacute;n&rdquo; significa (i) la designaci&oacute;n por la Parte Garantizada de una fecha de vencimiento anticipada (Early
    Termination Date) de conformidad con el Contrato M&aacute;ster ISDA; (ii) el acaecimiento de un supuesto de incumplimiento (Event
    of Default) bajo el Contrato M&aacute;ster ISDA respecto del cual el Pignorante sea la parte incumplidora (Defaulting Party); o (iii)
    el acaecimiento de un supuesto de vencimiento (Termination Event) bajo el Contrato M&aacute;ster ISDA respecto del cual el Pignorante
    sea la parte afectada (Affected Party), en el entendido de que se considerar&aacute; que dicho Supuesto de Ejecuci&oacute;n ha dejado
    de existir si el Pignorante (antes de que la Parte Garantizada ejecute esta Garant&iacute;a Financiera Pignoraticia) ha cumplido
    &iacute;ntegramente las Obligaciones Garantizadas.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Enforcement
    Event&rdquo; means (i) the designation by the Secured Party of an Early Termination Date pursuant to the ISDA Master Agreement; (ii)
    the occurrence of an Event of Default under the ISDA Master Agreement in respect of which the Pledgor is the Defaulting Party, or
    (iii) the occurrence of a Termination Event under the ISDA Master Agreement in respect of which the Pledgor is the Affected Party,
    provided always that such Enforcement Event shall be deemed to cease to exist if the Pledgor has (prior to the Secured Party enforcing
    this Financial Security Interest) discharged in full the Secured Obligations.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Contrato&rdquo;
    tiene el significado atribuido en el expositivo &lrm;(A) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;Agreement&rdquo;
has the meaning ascribed to it in recital &lrm;(A) of this Deed.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Garant&iacute;a
    Financiera Pignoraticia&rdquo; tiene el significado atribuido en la Cl&aacute;usula &lrm;2.1 siguiente de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;Financial
Security Interest&rdquo; has the meaning ascribed to it in Clause &lrm;2.1 below.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Garant&iacute;a
    Financiera Pignoraticia sobre Acciones&rdquo; tiene el significado atribuido en el expositivo &lrm;(B) de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;Financial
Security Interest over Shares&rdquo; has the meaning ascribed to it in recital &lrm;(B) of this Deed.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;RDL
5/2005&rdquo; tiene el significado atribuido en el expositivo &lrm;(A) de la presente P&oacute;liza.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;RDL
5/2005&rdquo; has the meaning ascribed to it in recital &lrm;(A) of this Deed.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">&ldquo;Obligaciones
Garantizadas&rdquo; tiene el significado atribuido en la Cl&aacute;usula &lrm;2.1 siguiente.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-left: 31.95pt; text-align: justify; text-indent: 0in; padding-bottom: 0pt">&ldquo;Secured
Obligations&rdquo; has the meaning ascribed to it in Clause &lrm;2.1 below.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">Firmante
Autorizado de la Parte Garantizada&rdquo; significa cualquiera de los firmantes autorizados de la Parte Garantizada cuya firma se contenga
en el Anexo 10.4 de la presente P&oacute;liza. A los efectos de la presente definci&oacute;n, las Partes reconocen que la Parte Garantizada
podr&aacute; actualizar el listado de Firmantes Autorizados de la Parte Garantizada en cualquier momento.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Secured Party Authorised Signatory&rdquo; means any of the authorised signatories of the Secured Party whose signature is
    set out in Schedule 10.4 of this Deed. For the purposes of this definition, the Parties acknowledge that the Secured Party may update
    the list of the Secured Party Authorized Signatories from time to time.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>CONSTITUCI&Oacute;N
    DE GARANT&Iacute;A FINANCIERA PIGNORATICIA</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CREATION
    OF FINANCIAL SECURITY INTEREST</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    garant&iacute;a del &iacute;ntegro y puntual cumplimiento por parte del Pignorante de todas las obligaciones y responsabilidades
    exigibles presentes o futuras, debidas o incurridas por el Pignorante frente a la Parte Garantizada bajo el Contrato, ya sean actuales
    o contingentes, junto con todos los intereses que se devenguen y todos los costes y gastos incurridos por la Parte Garantizada en
    conexi&oacute;n con el Contrato (en lo sucesivo, las &ldquo;Obligaciones Garantizadas&rdquo;) y sin perjuicio de la responsabilidad
    patrimonial universal del Pignorante establecida en el art&iacute;culo 1.911 del C&oacute;digo Civil, que no se entiende limitada
    en modo alguno por la constituci&oacute;n de esta garant&iacute;a financiera pignoraticia, y cualesquiera otras garant&iacute;as
    constituidas a favor de la Parte Garantizada, el Pignorante, de forma irrevocable e incondicional, por la presente constituye a favor
    de la Parte Garantizada una garant&iacute;a financiera pignoraticia de primer rango de conformidad con lo establecido en el RDL 5/2005
    sobre (i) la Cuenta Bancaria; y (ii) sobre el Efectivo. La Parte Garantizada acepta el derecho real de prenda (en adelante, la &ldquo;Garant&iacute;a
    Financiera Pignoraticia&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
    security for the full and timely payment and/or performance of all the obligations or liabilities due, owing or incurred to the Secured
    Party by the Pledgor under the Agreement at present or in the future, whether actual or contingent, together with all interest accruing
    thereon and all reasonable costs and expenses incurred by the Secured Party in connection the Agreement (hereinafter the &ldquo;Secured
    Obligations&rdquo;), and without prejudice to the universal patrimonial liability of the Pledgor as set out by article 1,911 of the
    Spanish Civil Code, which is not limited in any way by the creation of this financial security interest, and any other security or
    guarantee granted in favour of the Secured Party, the Pledgor hereby irrevocably and unconditionally creates in favour of the Secured
    Party a first ranking financial security interest in accordance with the RDL 5/2005 over (i) the Bank Account; and (ii) the Cash.
    The Secured Party hereby accepts such right of pledge in its own (hereinafter, the &ldquo;Financial Security Interest&rdquo;).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Banco de la Cuenta toma raz&oacute;n de la constituci&oacute;n de la presente Garant&iacute;a Financiera Pignoraticia, de los t&eacute;rminos
    y condiciones de sus obligaciones previstas en la presente Garant&iacute;a Financiera Pignoraticia, de los mecanismos de ejecuci&oacute;n,
    as&iacute; como de los t&eacute;rminos y condiciones del modelo de notificaci&oacute;n de ejecuci&oacute;n que se incluye en la misma.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Account Bank acknowledges the creation of this Financial Security Interest, of the terms and conditions of its obligations set out
    in this Financial Security Interest, the enforcement mechanisms as well as of the terms and conditions of enforcement notice included
    therein.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mediante
    la firma de la presente P&oacute;liza, el Banco de la Cuenta se compromete a cumplir con las obligaciones establecidas en la Cl&aacute;usula
    9 y a (i) no procesar ninguna instrucci&oacute;n recibida del Pignorante que tenga como resultado una transferencia del Efectivo
    sin el consentimiento previo por escrito de un Firmante Autorizado de la Parte Garantizada, debiendo dicho Firmante Autorizado de
    la Parte Garantizada acreditar sus poderes de representaci&oacute;n (consentimiento que se entender&aacute; otorgado mediante la
    firma y env&iacute;o de la notificaci&oacute;n adjunta como <U>Anexo 2.3</U> al Banco de la Cuenta por un Firmante Autorizado de
    la Parte Garantizada y el Pignorante) o salvo aquellas transferencias por el cobro de comisiones pactadas con el propio Banco de
    la Cuenta en relaci&oacute;n con la cuenta o los valores; y (ii) no aceptar ninguna instrucci&oacute;n para constituir una carga
    o gravamen sobre el Efectivo sin el consentimiento previo de la Parte Garantizada.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
    executing this Deed the Account Bank undertakes to comply with the obligations set out in Clause 9 and (i) not action any instruction
    of the Pledgor which may result in a transfer of the Cash without the applicable Secured Party Authorised Signatory prior written
    consent, being such Secured Party Authorised Signatory required to provide the relevant powers of attorney (such consent shall be
    deemed to be granted by the execution and delivery to the Account Bank of the notice attached hereto as <U>Schedule 2.3</U> by a
    Secured Party Authorized Signatory and the Pledgor); except for those transfers for the collection of fees agreed with the Account
    Bank itself in connection with the account or securities; and (ii) not to accept any instructions to create any lien or encumbrance
    over the Cash without the Secured Party&rsquo;s prior consent.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asimismo,
    el Pignorante y la Parte Garantizada por la presente instruyen al Banco de la Cuenta, el cual acepta, para que bloquee la Cuenta
    Bancaria durante toda la vigencia de la presente Garant&iacute;a Financiera Pignoraticia. No obstante lo anterior, la Parte Garantizada
    dar&aacute; las oportunas instrucciones al Banco de la Cuenta para que libere dichos importes mediante notificaci&oacute;n conforme
    al <U>Anexo 2.3</U>.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
    the Pledgor and the Secured Party hereby instruct the Account Bank, which accepts, to block the Bank Account during the existence
    of the Financial Security Interest. Notwithstanding the foregoing, the Pledgor will instruct the Account Bank to release the Cash
    as required by means of the Notification set out in <U>Schedule 2.3</U>.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DESPLAZAMIENTO
    POSESORIO</B></FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRANSFER
    OF POSSESSION</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Banco de la Cuenta por la presente toma raz&oacute;n de la constituci&oacute;n de la presente Garant&iacute;a Financiera Pignoraticia
    sobre la Cuenta Bancaria y el Efectivo.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Account Bank hereby acknowledges the creation of this Financial Security Interest over the Bank Account and the Cash.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes acuerdan que la firma de la presente p&oacute;liza por el Banco de la Cuenta tiene los efectos del traslado posesorio y cumple
    con los requisitos de aportaci&oacute;n previstos en el art&iacute;culo 1.863 del C&oacute;digo Civil y en el art&iacute;culo 8.2
    (a) del RDL 5/2005.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties hereby agree that the execution of this Deed shall have the effects of the transfer of possession and complies with the requirements
    of contribution (aportaci&oacute;n) established in article 1,863 of the Spanish Civil Code and article 8.2 (a) of RDL 5/2005.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>OBLIGACIONES
    GARANTIZADAS</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURED
    OBLIGATIONS</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Garant&iacute;a Financiera Pignoraticia que se constituye en virtud de la presente P&oacute;liza garantiza, en favor de la Parte
    Garantizada y, en su caso, de todos sus cesionarios y sucesores, el &iacute;ntegro y puntual cumplimiento de todas y cada una de
    las Obligaciones Garantizadas. De esta forma, la Garant&iacute;a Financiera Pignoraticia garantiza todas y cada una de las Obligaciones
    Garantizadas y cualesquiera otras obligaciones del Pignorante derivadas del Contrato, incluyendo aquellas nacidas con ocasi&oacute;n
    de la resoluci&oacute;n de las operaciones celebradas en virtud del Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Financial Security Interest which is created by way of this Deed secures, in favour of the Secured Party and, if applicable, of any
    and all of their assignees and transferees, the full and timely payment and/or performance of each and all of the Secured Obligations.
    In this regard, the Financial Security Interest secures each and all of the Secured Obligations, and any other obligations of the
    Pledgor under the Agreement, including those arising from the termination of the transactions entered into pursuant to the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante por la presente acuerda expresamente que:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor hereby expressly agrees that:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Parte Garantizada podr&aacute; ejecutar la Garant&iacute;a Financiera Pignoraticia sobre el Efectivo titularidad del Pignorante independientemente
    de la realizaci&oacute;n de cualesquiera otras acciones ejecutivas o de realizaci&oacute;n (por la Parte Garantizada y/o una tercera
    parte) de los bienes del Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Secured Party is entitled to enforce the Financial Security Interest over the Cash owned by the Pledgor independently of any other
    enforcement actions brought (by the Secured Party and/or a third party) over any and each of the Pledgor&rsquo;s assets.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    alcance de la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza no se ver&aacute; modificado
    en modo alguno por cualquier actuaci&oacute;n que, en su caso, pudiera llevar a cabo la Parte Garantizada:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.6pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    scope of the Financial Security Interest created by virtue of this Deed shall not be affected in any way by any action which, if
    applicable, may be taken by the Secured Party:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 1in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
    en relaci&oacute;n con el voto a favor o en contra o la aprobaci&oacute;n de un eventual plan de reestructuraci&oacute;n o convenio
    de acreedores del Pignorante para el caso de que el mismo fuera declarado en concurso, y el Pignorante y la Parte Garantizada acuerdan
    que mantendr&aacute;n invariables las obligaciones del Pignorante en los t&eacute;rminos pactados en la presente P&oacute;liza, como
    si tal actuaci&oacute;n no se hubiera producido, incluso si la Parte Garantizada votara a favor de cualquier convenio; o</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 70.6pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
    in respect of the vote in favour of or against, or the approval of a restructuring plan or a potential recovery plan of the Pledgor
    in the event it is declared insolvent, and the Pledgor and the Secured Party hereby agree that the obligations of the Pledgor shall
    be kept invariable on the terms agreed herein as if such action had not taken place (even if the Secured Party votes in favour of
    the recovery plan); or</FONT></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 1in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)
    en el supuesto en que la Parte Garantizada solicite la liquidaci&oacute;n del Pignorante, e independientemente de que se haya abierto
    la fase de liquidaci&oacute;n (o procedimiento equivalente).</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 70.6pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)
    in the event the Secured Party requests the liquidation of the Pledgor, and independently of whether or not the liquidation stage
    (or similar proceeding) has started.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.3pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Si
    la Parte Garantizada fuera requerida a reintegrar cualquier suma recibida del Pignorante en concurso en pago de las Obligaciones
    Garantizadas, en virtud de cualesquiera acciones de reintegraci&oacute;n o rescisi&oacute;n, el importe de dichas sumas pasar&aacute;
    de nuevo, de forma autom&aacute;tica, a formar parte de las Obligaciones Garantizadas quedando por tanto dichos importes asegurados
    por la Garant&iacute;a Financiera Pignoraticia en toda su integridad.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.3pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
    the Secured Party were required to return any monies received from the insolvent Pledgor as a result of any claw-back action or similar
    actions, the amount of such monies will automatically become again part of the Secured Obligations and will therefore be fully covered
    by the Financial Security Interest.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Responsabilidad
    patrimonial universal del Pignorante: La Garant&iacute;a Financiera Pignoraticia constituida en virtud de la presente P&oacute;liza
    y el ejercicio de la acci&oacute;n real pignoraticia que lleva aparejada se entienden sin perjuicio de la responsabilidad patrimonial
    universal Pignorante, que no resultar&aacute; limitada en modo alguno por la constituci&oacute;n de esta Garant&iacute;a Financiera
    Pignoraticia.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Universal
    patrimonial liability of the Pledgor: The Financial Security Interest created herein and the exercise of the <I>in rem</I> action
    linked to it exist without prejudice to the universal patrimonial liability of the Pledgor, which shall not be limited in any way
    by the creation of this Financial Security Interest.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>CAR&Aacute;CTER
    INDIVISIBLE DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INDIVISIBLE
    NATURE OF THE FINANCIAL SECURITY INTEREST</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Garant&iacute;a Financiera Pignoraticia aqu&iacute; constituida tiene car&aacute;cter indivisible. En consecuencia, todo el Efectivo
    garantiza el &iacute;ntegro y puntual pago y/o cumplimiento de todas las Obligaciones Garantizadas, sin que, por tanto, el pago y/o
    cumplimiento parcial de las mismas suponga cancelaci&oacute;n proporcional de la Garant&iacute;a Financiera Pignoraticia, que s&oacute;lo
    se cancelar&aacute; conforme a lo previsto en la presente P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 5pt; font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Financial Security Interest created hereby is of an indivisible nature. Consequently, each and all of the Cash secure the full and
    timely payment and/or performance of all of the Secured Obligations, without partial payment and/or performance thereof proportionally
    extinguishing the Financial Security Interest which shall only be extinguished in accordance with this Deed.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lo
    anterior no afectar&aacute; ni limitar&aacute; la facultad de la Parte Garantizada de ejecutar parcialmente la Garant&iacute;a Financiera
    Pignoraticia de acuerdo con lo establecido en la Cl&aacute;usula &lrm;10 posterior.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    foregoing shall not affect or limit in any way the Secured Party&rsquo;s right to the partial enforcement of the Financial Security
    Interest pursuant to Clause &lrm;10 below.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>EXTENSI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXTENSION
    OF THE FINANCIAL SECURITY INTEREST</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Garant&iacute;a Financiera Pignoraticia, como garant&iacute;a pignoraticia de primer rango, se extender&aacute; de forma autom&aacute;tica,
    en los mismos t&eacute;rminos y rango que la presente P&oacute;liza, a (y comprender&aacute;) cualquier derecho, t&iacute;tulo, valor,
    garant&iacute;a, activo (material o inmaterial), dinero o fondos que sustituyan, correspondan o sean canjeables por el Efectivo,
    que se entender&aacute;n igualmente pignorados en virtud de la presente Garant&iacute;a Financiera Pignoraticia, por subrogaci&oacute;n
    in rem del Efectivo.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Financial Security Interest, as first ranking security interest, shall be automatically extended on the same terms and with the same
    ranking set forth in this Deed, to (and will comprise) any right, credit, security asset (tangible or intangible), money or funds
    which substitute, correspond or are exchangeable for the Cash, which will be understood to be equally pledged under this Financial
    Security Interest, as a result of a subrogation <I>in rem</I> over the Cash.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt">Cualesquiera
otros bienes o derechos que sustituyan al Efectivo, incluido expresamente el dinero en efectivo en cualquier moneda, se entender&aacute;n
igualmente pignorados en virtud de la presente Garant&iacute;a Financiera Pignoraticia, por subrogaci&oacute;n in rem del Efectivo.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    other rights or goods which may replace the Cash, expressly including cash in any currency, will be understood to be equally pledged
    under this Financial Security Interest, as a result of a subrogation <I>in rem</I> over the Cash.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes acuerdan que la Parte Garantizada podr&aacute; solicitar al Pignorante (actuando de forma razonable) que se otorguen, y &eacute;ste
    se obliga a otorgar, cuantos documentos p&uacute;blicos o privados fueran razonablemente precisos o convenientes (incluidas cesiones,
    cesiones con novaci&oacute;n, hipotecas, prendas, notificaciones e instrucciones) para formalizar la citada extensi&oacute;n de la
    Garant&iacute;a Financiera Pignoraticia. Ello podr&aacute; instrumentarse, si as&iacute; lo solicita la Parte Garantizada, mediante
    el otorgamiento de la clase de garant&iacute;a que proceda en funci&oacute;n de la naturaleza del bien que sustituya o que corresponda
    al Efectivo, manteni&eacute;ndose en todo caso el rango de la Garant&iacute;a Financiera Pignoraticia.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties agree that the Secured Party (acting reasonably) may request the Pledgor, and the Pledgor undertakes to comply with such
    request to execute all the public or private documents (including assignments, transfers, mortgages, charges, notices and instructions)
    that may be reasonably necessary or advisable in order to better formalise the referred extension of the Financial Security Interest.
    This shall be formalised, upon request by the Secured Party, by means of the execution of the relevant security taking into account
    the nature of the asset replacing or corresponding to the Cash, maintaining in any event the ranking of the Financial Security Interest.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    cualquier caso, de acuerdo con lo establecido en el art&iacute;culo 10 del RDL 5/2005, los valores o el efectivo a los que, en su
    caso, se haya extendido la Garant&iacute;a Financiera Pignoraticia de conformidad con lo anterior, tendr&aacute;n la consideraci&oacute;n
    de parte integrante de la propia Garant&iacute;a Financiera Pignoraticia y ser&aacute;n tratados como si se hubieran aportado simult&aacute;neamente
    al objeto inicial de la Garant&iacute;a Financiera Pignoraticia en virtud de esta P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    any case, in accordance with the provisions under article 10 of RDL 5/2005, the securities or cash to which the Financial Security
    Interest may be extended in compliance with the paragraph above, shall be deemed to be part of the Financial Security Interest and
    shall be treated as if they had been initially pledged under this Deed.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante se obliga a notificar a la Parte Garantizada el acaecimiento de cualquiera de las circunstancias descritas en la Cl&aacute;usula
    &lrm;6.1 no m&aacute;s tarde de la fecha en la que haya tenido conocimiento de las mismas.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor undertakes to notify the Secured Party if any of the circumstances described in Clause &lrm;6.1 arises. Such notification
    shall take place no later than the day following the Pledgor being on notice of any of such circumstances.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>OBLIGACIONES
    DEL PIGNORANTE Y CONSERVACI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</B></FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>OBLIGATIONS
    OF THE PLEDGOR AND PRESERVATION OF THE FINANCIAL SECURITY INTEREST</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante se obliga a depositar en la Cuenta Bancaria todos los importes recibidos en relaci&oacute;n con las acciones de Telef&oacute;nica,
    S.A. pignoradas en cada momento en favor de la Parte Garantizada, que deban ser depositados en virtud de la Garant&iacute;a Financiera
    Pignoraticia sobre Acciones.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor undertakes to deposit in the Bank Account all the amounts it shall receive in relation to the Telef&oacute;nica, S.A. shares
    pledged from time to time in favor of the Secured Party pursuant to the Financial Security Interest over Shares.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante no podr&aacute;, sin el previo consentimiento por escrito de la Parte Garantizada, trasladar la custodia del Efectivo
    a una entidad distinta del Banco de la Cuenta.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor shall not, without the prior written consent of the Secured Party, transfer the custody of the Cash to an entity other than
    the Account Bank.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    tanto subsista la Garant&iacute;a Financiera Pignoraticia que por la presente P&oacute;liza se constituye sobre el Efectivo, el Pignorante
    no podr&aacute; venderlo, prestarlo, transmitirlo, o cederlo, canjearlo, gravarlo ni disponer del mismo de cualquier otra manera
    ni constituir ni permitir que se constituya ning&uacute;n derecho de opci&oacute;n o restricci&oacute;n (contractual o de cualquier
    otro tipo) a su libre transmisibilidad (a excepci&oacute;n de esta Garant&iacute;a Financiera Pignoraticia), ni eludir el cumplimiento
    de cuantas obligaciones le puedan corresponder en tanto que es titular del Efectivo, salvo que haya recibido la expresa autorizaci&oacute;n
    previa y por escrito de la Parte Garantizada mediante la firma y env&iacute;o de la notificaci&oacute;n adjunta como <U>Anexo 2.3
    </U>al Banco de la Cuenta por un Firmante Autorizado de la Parte Garantizada y el Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
    the term of the Financial Security Interest created over the Cash pursuant to this Agreement, the Pledgor shall not sell, lend, transfer,
    swap, charge or dispose of the Cash in any other manner nor create or allow to create any option or restriction (either contractual
    or of any other kind) on their free transferability (except for this Financial Security Interest), and not to fail to comply with
    all its obligations as owner of the Cash, unless it has received the Secured Party&rsquo;s express prior written consent by means
    of the execution and delivery to the Account Bank of the notice attached hereto as <U>Schedule 2.3</U> by a Secured Party Authorized
    Signatory and the Pledgor.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tras
    la solicitud de la Parte Garantizada, el Pignorante llevar&aacute; a cabo cualesquiera acciones comercialmente razonables que est&eacute;n
    a su disposici&oacute;n que pudieran ser necesarias al objeto de la creaci&oacute;n, perfecci&oacute;n, protecci&oacute;n o mantenimiento
    de la Garant&iacute;a Financiera Pignoraticia creada en beneficio de la Parte Garantizada en virtud de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
    the request of the Secured Party, the Pledgor shall take all such commercially reasonable action as is available to it as may be
    necessary for the purpose of the creation, perfection, protection or maintenance of the Financial Security Interest conferred on
    the Secured Party by or pursuant to this Deed.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cualquier
    coste derivado de cualquier actuaci&oacute;n llevada a cabo en relaci&oacute;n con esta Cl&aacute;usula ser&aacute; asumido por el
    Pignorante.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    cost arising from any performance in connection with this Clause will be borne by the Pledgor.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante llevar&aacute; a cabo cualesquiera actuaciones u otorgar&aacute; cualesquiera documentos (incluyendo cesiones, transferencias,
    garant&iacute;as, notificaciones e instrucciones) que la Parte Garantizada pudiera solicitar razonablemente (y en el modo en que
    la Parte Garantizada razonablemente solicite) para:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor shall promptly do all such acts or execute all such documents (including assignments, transfers, charges, notices and instructions)
    as the Secured Party may reasonably specify (and in such form as the Secured Party may reasonably require) in order to:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">perfeccionar
    la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza o para el ejercicio de cualesquiera derechos,
    poderes y compensaciones de la Parte Garantizada otorgados en virtud de la presente P&oacute;liza o por ley; y/o</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
    perfect the Financial Security Interest created by virtue of this Deed or for the exercise of any rights, powers and remedies of
    the Secured Party provided by or pursuant to this Deed or by law; and/or</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">facilitar
    la ejecuci&oacute;n de los activos que son objeto de la Garant&iacute;a Financiera Pignoraticia creada en virtud de la presente P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
    facilitate the realisation of the assets which are subject of the Financial Security Interest created by virtue of this Deed.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asimismo,
    el Pignorante llevar&aacute; a cabo cualesquiera acciones que est&eacute;n a su disposici&oacute;n que pudieran ser necesarias al
    objeto de la creaci&oacute;n, perfecci&oacute;n, protecci&oacute;n o mantenimiento de cualquier Garant&iacute;a Financiera Pignoraticia
    creada en beneficio de la Parte Garantizada en virtud de la presente P&oacute;liza.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
    the Pledgor shall take all such action as is available to it as may be necessary for the purpose of the creation, perfection, protection
    or maintenance of any Financial Security Interest conferred on the Secured Party by or pursuant to this Deed.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante no causar&aacute; ni permitir&aacute; que se lleve a cabo ninguna acci&oacute;n que en cualquier forma perjudique los
    derechos de la Parte Garantizada ni la validez o ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia o los derechos de
    la Parte Garantizada al amparo de la presente Garant&iacute;a Financiera Pignoraticia. En particular, pero sin limitaci&oacute;n,
    durante la vigencia de la Garant&iacute;a Financiera Pignoraticia, el Pignorante se compromete irrevocable e incondicionalmente a
    mantener y hacer que se mantengan en todo momento la Garant&iacute;a Financiera Pignoraticia sobre el Efectivo, as&iacute; como la
    prioridad y el rango de la misma. Igualmente, el Pignorante se compromete irrevocable e incondicionalmente a:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor shall not cause or allow any action to be taken which may in any way prejudice the rights of the Secured Party or the validity,
    enforceability or enforcement of the Financial Security Interest created pursuant to this Deed or the rights of the Secured Party
    under this Financial Security Interest. In particular, and without limitation, during the existence of the Financial Security Interest,
    the Pledgor irrevocably and unconditionally undertakes to preserve and cause to be preserved at all times the Financial Security
    Interest over the Cash, as well as the priority and the rank of the same. Similarly, the Pledgor irrevocably and unconditionally
    undertakes to:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.6</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asimismo,
    durante la vigencia de la Garant&iacute;a Financiera Pignoraticia, el Pignorante se compromete, de forma irrevocable e incondicional
    a:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.6</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Likewise,
    during the term of the Financial Security Interest, the Pledgor irrevocably and unconditionally undertakes:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DECLARACIONES
    Y GARANT&Iacute;AS DEL PIGNORANTE</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REPRESENTATIONS
    AND WARRANTIES OF THE PLEDGOR</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante, adem&aacute;s de las declaraciones y garant&iacute;as realizadas bajo el Contrato, por la presente declara y garantiza
    a favor de la Parte Garantizada que a la fecha de la presente P&oacute;liza:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor, in addition to the representations and warranties made under the Agreement, hereby represents and warrants in favour of
    the Secured Party that as at the date of this Deed:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conoce
    en su integridad y sin la menor reserva los t&eacute;rminos y condiciones del Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
    knows in full the terms and conditions of the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ostenta
    la plena, leg&iacute;tima e indiscutida propiedad y est&aacute; autorizado para disfrutar del beneficio del Efectivo, sin perjuicio
    de la Garant&iacute;a Financiera Pignoraticia.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
    is the undisputed sole and legitimate owner and entitled to the benefit of all of the Cash, without prejudice to the Financial Security
    Interest.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Que
    el Efectivo depositado en cada momento en la Cuenta Bancaria quedar&aacute; bloqueado durante la vigencia de la Garant&iacute;a Financiera
    Pignoraticia, salvo que la Parte Garantizada autorice la retirada del mismo mediante la firma y env&iacute;o de la notificaci&oacute;n
    adjunta como <U>Anexo 2.3</U> al Banco de la Cuenta por un Firmante Autorizado de la Parte Garantizada y el Pignorante, y salvo por
    las comisiones pactadas con el Banco de la Cuenta en relaci&oacute;n con la cuenta o los valores.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Cash deposited from time to time in the Bank Account will be blocked during the term of this Financial Security Interest, unless
    the Secured Party authorises it by means of the execution and delivery to the Account Bank of the notice attached hereto as <U>Schedule
    2.3</U> by a Secured Party Authorized Signatory and the Pledgor, and except for the fees agreed with the Account Bank in connection
    with the account or securities.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    obligaciones que se establecen en virtud de la presente P&oacute;liza constituyen obligaciones v&aacute;lidas y vinculantes para
    el Pignorante, exigibles frente al mismo con arreglo a lo dispuesto en la presente P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    obligations set out by virtue of this Deed constitute valid and binding obligations for the Pledgor, enforceable against it in accordance
    with the terms of this Deed.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    aceptaci&oacute;n y cumplimiento por el Pignorante de las obligaciones contempladas en la presente P&oacute;liza y la constituci&oacute;n
    de la Garant&iacute;a Financiera Pignoraticia contemplada en la misma: (i) no entra en conflicto con la ley aplicable y actualmente
    vigente ni con su escritura de constituci&oacute;n o sus estatutos; (ii) no se opone o entra en conflicto con ning&uacute;n documento,
    acuerdo, o contrato que sea vinculante para el Pignorante ni con derechos de terceros; ni (iii) requiere autorizaci&oacute;n, consentimiento,
    aprobaci&oacute;n, licencia o permiso alguno de ning&uacute;n tercero.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    acceptance and fulfilment by the Pledgor of the obligations contained herein and the creation of the Financial Security Interest
    set out herein: (i) does not conflict with any applicable and currently in force law or with the incorporation deed or the by-laws
    of the Pledgor; (ii) does not conflict with any document, arrangement or agreement binding on the Pledgor nor with rights of third
    parties; and (iii) does not require any authorisation, consent, approval, license from any third party.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Efectivo no est&aacute; sujeto a ninguna restricci&oacute;n a su libre transmisibilidad y se encuentra libre de toda carga, gravamen,
    o restricci&oacute;n que pueda limitar la constituci&oacute;n de garant&iacute;as pignoraticias sobre el Efectivo y en particular
    sobre esta Garant&iacute;a Financiera Pignoraticia (salvo por las cargas usuales impuestas sobre cualquier valor por los sistemas
    de compensaci&oacute;n o liquidaci&oacute;n de valores).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Cash is not subject to any restriction to their free transferability and is free of all charges, encumbrances and restrictions which
    could limit the creation of security interest over the Cash and in particular of this Financial Security Interest (other than any
    lien routinely imposed on all securities in a clearing system or securities settlement system).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tiene
    plena capacidad, derecho y autoridad para firmar la presente P&oacute;liza y para constituir la Garant&iacute;a Financiera Pignoraticia
    en la forma que se establece en ella, y ha llevado a cabo todas las actuaciones necesarias para permitir el otorgamiento y ejecuci&oacute;n
    de la presente P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.6pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
    has full capacity, power and authority, and is therefore entitled to execute and deliver this Deed and to create the Financial Security
    Interest as herein established, and to this end has carried out all necessary actions to allow the granting and execution of this
    Deed.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sujeto
    a lo establecido en los p&aacute;rrafos siguientes, todas las declaraciones y garant&iacute;as contenidas en esta Cl&aacute;usula
    se mantendr&aacute;n vinculantes y con efectos hasta la cancelaci&oacute;n de la Garant&iacute;a Financiera Pignoraticia o el pleno
    cumplimiento de las Obligaciones Garantizadas y, en su caso, de sus extensiones y se entender&aacute;n repetidas (salvo que expresamente
    se refieran a una fecha espec&iacute;fica) con ocasi&oacute;n de la perfecci&oacute;n de la Garant&iacute;a Financiera Pignoraticia
    contemplada en la presente P&oacute;liza, y con ocasi&oacute;n del otorgamiento y perfecci&oacute;n de cada una de sus extensiones,
    en su caso.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
    to the paragraphs below, all representations and warranties contained herein shall remain binding and effective until cancellation
    of the Financial Security Interest or the discharge in full of the Secured Obligations and, as applicable, any extensions thereto
    and shall be deemed to be repeated (unless they specifically refer to a determined date) at the time of perfection of the Financial
    Security Interest contemplated herein as well as at the time of granting and perfection of any extension, shall it be the case.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>DECLARACIONES,
    GARANT&Iacute;AS Y COMPROMISOS DEL BANCO DE LA CUENTA</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REPRESENTATIONS,
    WARRANTIES AND UNDERTAKINGS OF THE ACCOUNT BANK</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mediante
    la firma de la presente P&oacute;liza, el Banco de la Cuenta se compromete frente a la Parte Garantizada a:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
    executing this Deed the Account Bank undertakes to the Secured Party to</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes (y, en particular, el Pignorante) acuerdan que, en caso de que (i) se produzca un Supuesto de Ejecuci&oacute;n; y (ii) el
    Banco de la Cuenta incumpla alguna de las obligaciones descritas en la presente Cl&aacute;usula, la Parte Garantizada estar&aacute;
    facultada para llevar a cabo cuantas actuaciones sean necesarias o convenientes as&iacute; como otorgar cualesquiera documentos,
    p&uacute;blicos o privados para poder cambiar la entidad que ostenta la condici&oacute;n de Banco de la Cuenta, todo ello de conformidad
    con los t&eacute;rminos establecidos en virtud del poder irrevocable al que se refiere la Cl&aacute;usula &lrm;11 siguiente.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties (and, in particular, the Pledgor) agree that, in the event that (i) an Enforcement Event occurs; and (ii) the Account Bank
    breaches any of the obligations set out in this Clause, the Secured Party shall be entitled to carry out any necessary or convenient
    actions as well as to execute any documents, public or private, in order to change the entity that holds the condition of Account
    Bank, pursuant to the terms set out by virtue of the irrevocable power of attorney referred to in Clause &lrm;11 below.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Banco de la Cuenta no tendr&aacute; ninguna responsabilidad bajo esta P&oacute;liza cuando act&uacute;e conforme a una orden emitida
    por una autoridad judicial, administrativa o arbitral, conforme a las reglas de una autoridad regulatoria de jurisdicci&oacute;n
    competente o conforme a una instrucci&oacute;n dada al Banco de la Cuenta por una autoridad regulatoria de jurisdicci&oacute;n
    competente. [***]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Account Bank will not be liable under this Deed where it acts in accordance with an order released by a court, administrative or
    arbitral authority, by a regulatory authority of competent jurisdiction or pursuant to an instruction delivered to the Account Bank
    by a regulatory authority of competent jurisdiction. [***]</FONT></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><B>EJECUCI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</B></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ENFORCEMENT
    OF THE FINANCIAL SECURITY INTEREST</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Parte Garantizada podr&aacute; ejecutar total o parcialmente la Garant&iacute;a Financiera Pignoraticia y realizar o apropiarse de
    todo o parte del Efectivo, tantas veces como estime necesario, en el caso de que se produzca un Supuesto de Ejecuci&oacute;n.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Secured Party may enforce totally or partially the Financial Security Interest and realise or appropriate the Cash, in as many times
    as deemed necessary, if an Enforcement Event occurs.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes acuerdan expresamente que bastar&aacute; cualquier medio de prueba admitido en Derecho para&nbsp;la acreditaci&oacute;n por
    la Parte Garantizada del acaecimiento de un Supuesto de Ejecuci&oacute;n.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 35.45pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties expressly agree that it shall suffice for the Secured Party to demonstrate by any means admitted by law that any Enforcement
    Event has occurred.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes por la presente acuerdan que de conformidad con el apartado 1 del Art&iacute;culo Und&eacute;cimo del RDL 5/2005, el acaecimiento
    de cualquier Supuesto de Ejecuci&oacute;n constituir&aacute; el hecho pactado entre las Partes que en caso de producirse permita
    a la Parte Garantizada realizar o apropiarse del Efectivo.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties hereby agree that in accordance with section 1 of Article 11 of the RDL 5/2005, the occurrence of an Enforcement Event shall
    constitute the event agreed by the Parties the occurrence of which shall entitle the Secured Party to realise or appropriate the
    Cash.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Para
    ejecutar esta Garant&iacute;a Financiera Pignoraticia ser&aacute; suficiente que la Parte Garantizada env&iacute;e requerimiento
    al Banco de la Cuenta firmado por un Firmante Autorizado de la Parte Garantizada o seg&uacute;n lo notifique de otro modo la Parte
    Garantizada, debiendo &eacute;ste acreditar sus poderes de representaci&oacute;n a la satisfacci&oacute;n del Banco de la Cuenta,
    que actuar&aacute; con prontitud y de forma comercialmente razonable. El Banco de la Cuenta realizar&aacute; las llamadas de comprobaci&oacute;n
    habituales (&ldquo;callback&rdquo;) a los efectos de mitigar el riesgo de fraude en el canal utilizado, para lo cual la Parte Garantizada
    identifica los n&uacute;meros de tel&eacute;fono indicados en el <U>Anexo 9.1</U> de la presente P&oacute;liza. De conformidad con
    lo previsto en el apartado primero del art&iacute;culo duod&eacute;cimo del RDL 5/2005 y en la norma 4&ordf; de la Circular 2/2005
    de Iberclear, de 24 de junio, de Procedimientos aplicables a los acuerdos de garant&iacute;as financieras establecidos en el cap&iacute;tulo
    II del Real Decreto Ley 5/2005, de 11 de marzo, las Partes pactan que ser&aacute; suficiente que dicho requerimiento se realice en
    la forma prevista por el <U>Anexo &lrm;10.3 </U>(en adelante, la &ldquo;Notificaci&oacute;n de Ejecuci&oacute;n&rdquo;).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    order to enforce the Financial Security Interest it shall suffice that the Secured Party delivers a notice to the Account Bank signed
    by a Secured Party Authorised Signatory, or as otherwise notified by the Secured Party, who shall provide evidence of his powers
    of representation to the satisfaction of the Account Bank, acting promptly and in a commercially reasonable manner. The Account Bank
    shall make the usual callback calls in order to mitigate the risk of fraud in the channel used, for which purpose the Secured Party
    identifies the telephone numbers set out in <U>Schedule 9.1</U>. According to paragraph 1 of article 12 of the RDL 5/2005 and ruling
    4th of the Circular 2/2005, de 24 de Junio, de Procedimientos aplicables a los acuerdos de garant&iacute;as financieras establecidos
    en el cap&iacute;tulo II del Real Decreto Ley 5/2005, de 11 de marzo, the Parties hereby agree that it shall suffice that such notice
    is produced according to the model herein provided as <U>Schedule &lrm;10.3</U> (hereinafter, the &ldquo;Enforcement Notice&rdquo;).</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante, por la presente expresamente acepta que, de acuerdo con lo establecido en el Art&iacute;culo Duod&eacute;cimo del RDL
    5/2005, el Banco de la Cuenta, previa comprobaci&oacute;n de la identidad del Firmante Autorizado de la Parte Garantizada, una vez
    recibida dicha notificaci&oacute;n, proceder&aacute; a la ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia en la forma
    indicada en la Notificaci&oacute;n de Ejecuci&oacute;n, seg&uacute;n determine la Parte Garantizada a su sola discreci&oacute;n.
    La ejecuci&oacute;n se llevar&aacute; a cabo el mismo d&iacute;a en el que el Banco de la Cuenta reciba la Notificaci&oacute;n de
    Ejecuci&oacute;n (salvo que la Parte Garantizada autorice un plazo m&aacute;s largo) o, en caso de que la Notificaci&oacute;n de
    Ejecuci&oacute;n se env&iacute;e tras la hora de corte prevista en la Cl&aacute;usula 13, el siguiente D&iacute;a H&aacute;bil, siempre
    que se hubieran acreditado debidamente los poderes de los firmantes de la Notificaci&oacute;n de Ejecuci&oacute;n y realizado satisfactoriamente
    las llamadas de comprobaci&oacute;n correspondientes, o seg&uacute;n lo notifique de otro modo la Parte Garantizada. El Pignorante
    por la presente instruye expresamente y de forma irrevocable al Banco de la Cuenta para que &eacute;ste proceda de la forma descrita
    en esta cl&aacute;usula sin necesidad de realizar otras comprobaciones que las expresamente descritas en la misma. El Banco de la
    Cuenta se da por notificado y acepta dichas instrucciones.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor, hereby expressly accepts that, pursuant to Article 12 of the RDL 5/2005, the Account Bank, after having checked the identity
    of the Secured Party Authorised Signatory, the Account Bank shall, once the Enforcement Notice is received, shall enforce the Financial
    Security Interest in the manner set out in the Enforcement Notice, as determined by the Secured Party in its sole discretion. The
    enforcement shall be carried out on the date of receipt of the Enforcement Notice by the Account Bank (unless the Secured Party authorizes
    for a longer period of time) or, provided the Enforcement Notice is delivered after the time set out in Clause 13, on the next Business
    Day, provided, in any case, that the powers of attorney of the signatories of the Enforcement Notice have been duly accredited and
    the corresponding verification calls have been satisfactorily carried out, or as otherwise notified by the Secured Party. The Pledgor
    hereby irrevocable instructs the Account Bank so that it acts in accordance with the provisions of this Clause without the need to
    undertake any checks other than those expressly set out herein. The Account Bank is notified and accepts notice of the above instructions.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    desacuerdo del Pignorante en relaci&oacute;n con el importe o la exigibilidad de la deuda por la que se ejecuta o con cualquier otro
    aspecto relativo a la ejecuci&oacute;n de esta Garant&iacute;a Financiera Pignoraticia en ning&uacute;n caso suspender&aacute; ni
    retrasar&aacute; la ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    disagreement of the Pledgor in relation to the amount or the payment obligation of the debt being enforced or in respect to any other
    aspect relating to the enforcement of this Financial Security Interest shall not in any way suspend or delay the enforcement of this
    Financial Security Interest.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia, se podr&aacute; llevar a cabo, mediante compensaci&oacute;n de su
    importe con las Obligaciones Garantizadas o utiliz&aacute;ndolo para ejecutar las Obligaciones Garantizadas, en los t&eacute;rminos
    descritos en los art&iacute;culos 11 y siguientes del Real Decreto Ley 5/2005.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    enforcement of the Financial Security Interest may be carried out, by offsetting its amount against the Secured Obligations or using
    it to execute Secured Obligations, in compliance with the terms set out in articles 11 et sec of RDL 5/2005.</FONT></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
    obstante lo anterior, las Partes pactan asimismo que, para el ejercicio de la acci&oacute;n real pignoraticia aparejada a la Garant&iacute;a
    Financiera Pignoraticia, la Parte Garantizada tambi&eacute;n podr&aacute; iniciar a su discreci&oacute;n, adem&aacute;s de los procedimientos
    establecidos en el RDL 5/2005, cualesquiera de los dem&aacute;s procedimientos que legalmente le asistan en el momento de la ejecuci&oacute;n,
    ya sea el procedimiento judicial establecido en los art&iacute;culos 681 y siguientes de la Ley de Enjuiciamiento Civil, el extrajudicial
    previsto en el art&iacute;culo 1.872 del C&oacute;digo Civil y en el Cap&iacute;tulo V de la Ley del Notariado, o cualquier otro
    que ahora o en el futuro sea legalmente disponible, sin que la utilizaci&oacute;n del procedimiento previsto en el RDL 5/2005 o de
    cualquier otra v&iacute;a excluya la posibilidad de acudir a cualquiera de las restantes en tanto las Obligaciones Garantizadas no
    hayan sido satisfechas en su integridad.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
    the above, the Parties also agree that, in order to enforce the Financial Security Interest, the Secured Party may also take, in
    addition to the proceedings of the RDL 5/2005 and at its discretion, any other legal actions to which it may be entitled at the time
    of the enforcement, whether the judicial procedure set out in article 681 and following of the Spanish Civil Proceedings Act, the
    extrajudicial procedure set out in article 1,872 of the Spanish Civil Code and on Chapter V of the Spanish Notarial Law, or any other
    procedure available in the future, and the use of the proceeding set out in the RDL 5/2005 or any other of these options shall not
    preclude the use of the others until all of the Secured Obligations have been fully discharged.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">De
    conformidad con lo previsto en el C&oacute;digo Civil, la Parte Garantizada conservar&aacute; todos los derechos y acciones que le
    correspondan contra el Pignorante por la parte de las Obligaciones Garantizadas que no hayan sido &iacute;ntegramente satisfechas
    como consecuencia de la ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia. Dichas obligaciones subsistir&aacute;n y
    se podr&aacute;n reclamar por cualquier medio previsto en derecho.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
    to the provisions of the Civil Code, the Secured Party shall keep all rights and legal actions to which they may be entitled against
    the Pledgor with regards to the part of the Secured Obligations which has not been satisfied by the enforcement of the Financial
    Security Interest. Such outstanding obligations shall continue to exist and may be claimed by any means available under applicable
    laws.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    los efectos de esta Cl&aacute;usula &lrm;10 las Partes pactan lo siguiente:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the purposes of this Clause &lrm;10 the Parties agree as follows:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    importe de la deuda l&iacute;quida, vencida y exigible por la que se ejecute la Garant&iacute;a Financiera Pignoraticia ser&aacute;
    la cantidad especificada bien en la Notificaci&oacute;n de Ejecuci&oacute;n, bien en la certificaci&oacute;n, que en su caso emita
    la Parte Garantizada o el Agente de C&aacute;lculo, como saldo de la deuda l&iacute;quida, vencida y exigible que conste en la cuenta
    referida en el Contrato, abierta a nombre del Pignorante, para la contabilizaci&oacute;n de las cantidades debidas y las cantidades
    pagadas en virtud de dicho contrato en la fecha en que se notifique el mismo. El importe de las deudas por la que se ejecute la presente
    Garant&iacute;a Financiera Pignoraticia, se incrementar&aacute; con los intereses (ordinarios, de demora o de cualquier otro tipo),
    gastos, costas, comisiones y dem&aacute;s importes devengados a favor de la Parte Garantizada entre la fecha de expedici&oacute;n
    de dicho saldo y la fecha en que se ejecute la Garant&iacute;a Financiera Pignoraticia.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    amount of the due and payable debt in respect of which the enforcement of the Financial Security Interest is made, will be the amount
    specified either in the Enforcement Notice or in the certificate, if any, issued by the Secured Party or the Calculation Agent stating
    balance of the due and payable amount accounted for in the account referred to in the Agreement, opened in the name of the Pledgor
    to account for the amounts paid and the amounts owed pursuant to the Agreement, as of the date of issuance of the Enforcement Notice
    or certificate. The amount of the due and payable debts subject to enforcement of this Financial Security Interest, shall be increased
    with the interest (ordinary interest, default interest or any other type of interest), costs and expenses, fees and any other amounts
    accrued in favour of the Secured Party between the date on which the aforementioned certificate is issued and the date on which the
    Financial Security Interest is enforced.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Los
    domicilios para notificaciones de las Partes ser&aacute;n los establecidos en la Cl&aacute;usula &lrm;14 siguiente.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    address for notices to the Parties shall be the one stated in Clause &lrm;14 below.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Efectivo podr&aacute; ser aplicado por la Parte Garantizada al pago de las Obligaciones Garantizadas.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Cash shall be used by the Secured Party to repay the Secured Obligations.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PODER
    IRREVOCABLE</B></FONT></P></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; text-indent: 0in; text-transform: uppercase; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IRREVOCABLE
    POWER OF ATTORNEY</B></FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    este acto, mediante escritura separada redactada de acuerdo con los t&eacute;rminos de la minuta de poder irrevocable que se adjunta
    como <U>Anexo &lrm;11.1</U> a la presente P&oacute;liza, y con el fin de asegurar la mayor efectividad del cumplimiento de los compromisos
    asumidos en la presente P&oacute;liza y sujeto a la Cl&aacute;usula &lrm;11.5 siguiente, el Pignorante otorga a favor de la Parte
    Garantizada, poder irrevocable, tan amplio en Derecho como resulte necesario o conveniente, incluidas las facultades de sustituci&oacute;n,
    delegaci&oacute;n, subapoderamiento, salvando expresamente la autocontrataci&oacute;n con respecto a la Parte Garantizada y sus cesionarios
    o sucesores de acuerdo con los t&eacute;rminos de la minuta de poder irrevocable que se adjunta como <U>Anexo &lrm;11.1</U> a la
    presente P&oacute;liza, para que la Parte Garantizada pueda, en su nombre y representaci&oacute;n, realizar los siguientes actos:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
    this act, by means of a separate deed drafted in accordance with the form of irrevocable power of attorney attached as <U>Schedule
    &lrm;11.1</U> to this Deed, and for the purpose to give the greatest effectiveness to the compliance with the undertakings set out
    herein and subject to Clause &lrm;11.5 below, the Pledgor grants an irrevocable power of attorney in favour of the Secured Party
    which shall include as many powers as necessary or convenient, including that of substitution, delegation, sub-empowering and, expressly,
    self-contracting with respect to the Secured Party and those who result in its assignees or transferees according to the terms of
    the form of irrevocable power of attorney set out in <U>Schedule &lrm;11.1</U>, so that the Secured Party, acting in the name and
    on behalf of the Pledgor, may perform the following acts:</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">representar
    al Pignorante en la subasta del Efectivo en calidad de vendedor, incluyendo facultades para ordenar la venta del Efectivo o su traspaso
    a la propia cuenta de la Parte Garantizada, apoder&aacute;ndolo irrevocablemente para que otorgue, en nombre y representaci&oacute;n
    del Pignorante, los documentos p&uacute;blicos necesarios o convenientes para la formalizaci&oacute;n de la transmisi&oacute;n del
    Efectivo a favor del adquirente (o de los adquirentes, seg&uacute;n corresponda); y</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">represent
    the Pledgor in the auction of the Cash acting as seller, including ordering the sale of the Cash or the transfer of the Cash to the
    account of the Secured Party, irrevocably empowering the Secured Party, so that it may grant, in the name and on behalf of the Pledgor,
    all the public documents necessary or convenient to formalize the transfer of the Cash in favour of the purchaser (or of the purchasers,
    as the case may be); and</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">por
    s&iacute; solo, ordenar a cualesquiera terceros, incluyendo el Banco de la Cuenta y cualesquiera intermediarios burs&aacute;tiles
    por cuenta ajena (brokers) y propia (brokers-dealers), la venta del Efectivo o su traspaso libre de pago a la propia cuenta de la
    Parte Garantizada o a la que &eacute;ste estime oportuno.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By
    itself order any third parties, including the Account Bank and any broker or broker dealers, the sale of the Cash or the transfer
    of the Cash free of payment to the account of the Secured Party or to any other security custody account.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dado
    que el poder contemplado en esta Cl&aacute;usula se otorga en inter&eacute;s de las Partes y que resulta necesario para el cumplimiento
    de las obligaciones asumidas por el Pignorante en la presente P&oacute;liza, el mismo se configura como irrevocable por lo que estar&aacute;
    en vigor mientras subsista cualquier obligaci&oacute;n pendiente de pago o cumplimiento bajo el Contrato o la presente P&oacute;liza.
    Por ello, la revocaci&oacute;n unilateral del poder referido en este Cl&aacute;usula por el Pignorante no producir&aacute; efecto
    alguno en tanto est&eacute; en vigor la presente P&oacute;liza.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
    this power is granted in the interests of the Parties and is necessary for the fulfilment of the obligations assumed by the Pledgor
    in the Agreement and this Deed, this power of attorney is irrevocable and shall remain in full force and effect as long as payment
    or fulfilment of any obligation under the Agreement or this Deed remains outstanding. Therefore, the unilateral revocation of the
    power referred to herein by the Pledgor shall not have any effect while this Deed is in force.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante declara conocer y aceptar que el ejercicio por la Parte Garantizada de las facultades que recibe en virtud del poder otorgado
    en virtud de esta Cl&aacute;usula puede implicar autocontrataci&oacute;n, lo acepta y la salva expresamente tanto para con la Parte
    Garantizada, como para, en su caso, aquellos que resulten ser su cesionarios o sucesores. Se salva tambi&eacute;n expresamente, autoriz&aacute;ndola,
    la autocontrataci&oacute;n con respecto a aquellos en los que la Parte Garantizada sustituya, subapodere o delegue el poder otorgado
    en virtud de esta Cl&aacute;usula.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor acknowledges and accepts that the exercise by the Secured Party of the authority received by virtue the power of attorney
    granted pursuant hereto may include self-contracting with respect to the Secured Party, and its assignees or transferees. Self-contracting
    is also expressly permitted with respect to those on whom the Secured Party may have delegated or substituted its power of attorney.</FONT></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante por la presente otorga en este mismo acto y en escritura p&uacute;blica el poder indicado en esta Cl&aacute;usula conforme
    a los t&eacute;rminos de la minuta que se adjunta como <U>Anexo &lrm;11.1</U>.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor hereby grants on this date the power of attorney referred to in this Clause in a public deed (escritura p&uacute;blica) in
    the terms set out in the form attached as <U>Schedule &lrm;11.1</U>.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Parte Garantizada s&oacute;lo podr&aacute; hacer uso del poder irrevocable otorgado a su favor en el caso de que haya tenido lugar
    un Supuesto de Ejecuci&oacute;n.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.5</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Secured Party may only use the irrevocable power of attorney if an Enforcement Event has occurred.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CESI&Oacute;N
    DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASSIGNMENT
    OF THE FINANCIAL SECURITY INTEREST</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante reconoce y acepta que la Parte Garantizada puede ceder total o parcialmente el Contrato o los derechos derivados del mismo
    mediante cesiones de cr&eacute;dito, subrogaciones de posici&oacute;n contractual en dicho contrato o figuras equivalentes, todo
    ello en los t&eacute;rminos del Contrato y si estuviese permitido bajo el mismo.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor hereby acknowledges and agrees that the Secured Party may totally or partially assign the Agreement or any rights arising
    there from by means of credit transfers, assignments or subrogation on contractual position or equivalent methods, all in accordance
    with the terms of and if permitted under the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante reconoce y acepta expresamente que, de acuerdo con el art&iacute;culo 1.528 del C&oacute;digo Civil, cualquier cesi&oacute;n
    o subrogaci&oacute;n efectuada por la Parte Garantizada (o sus cesionarios o sucesores) al amparo de lo dispuesto en el Contrato
    conllevar&aacute; autom&aacute;ticamente, sin necesidad de nuevo consentimiento del Pignorante a tal efecto, la cesi&oacute;n proporcional
    de todos los derechos accesorios de garant&iacute;a establecidos en la presente P&oacute;liza y la constituci&oacute;n del cesionario
    o sucesor como beneficiario en la misma proporci&oacute;n de la Garant&iacute;a Financiera Pignoraticia constituida en la presente
    P&oacute;liza. El Pignorante y la Parte Garantizada informar&aacute;n al Banco de la Cuenta de cualquier cesi&oacute;n de su posici&oacute;n
    contractual bajo la presente P&oacute;liza y/o bajo el Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor hereby expressly acknowledges and agrees that, in accordance with article 1,528 of the Spanish Civil Code, any assignment
    or transfer carried out by the Secured Party (or any subsequent assignee or transferee thereof) under the provisions of the Agreement
    shall automatically entail without the need of any further agreement of the Pledgor, the proportional assignment of all accessory
    security rights established in the present Deed and the constitution of the transferee or assignee as the beneficiary of the Financial
    Security Interest created in this Deed in the same proportion. The Pledgor and the Secured Party shall inform the Account Bank of
    any assignment of their contractual position under this Deed and/or under the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante, por la presente, renuncia por ello a exigir formalidad alguna distinta de las previstas en el Contrato para la acreditaci&oacute;n
    de las cesiones o subrogaciones mencionadas en esta Cl&aacute;usula. No obstante, si fuera requerido para ello por la Parte Garantizada,
    el Pignorante se compromete a otorgar cuantos documentos p&uacute;blicos o privados pudieran ser necesarios o convenientes para acreditar
    las cesiones o subrogaciones, en el bien entendido que los costes derivados del otorgamiento de tales documentos p&uacute;blicos
    o privados no ser&aacute;n a cargo del Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor hereby waives any right to require any formality other than those set out in the Agreement in order to evidence the transfers,
    assignments or subrogation mentioned in this Clause. Notwithstanding the above, the Pledgor undertakes that, upon the Secured Party&rsquo;s
    request, it will grant as many public or private documents as may be necessary or convenient to evidence such transfers, assignments
    or subrogation, provided that any costs arising from the execution of any such private or public document shall not be payable by
    the Pledgor.</FONT></P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">EXTINCI&Oacute;N DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA Y DEVOLUCI&Oacute;N DEL EFECTIVO</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CANCELLATION
    OF THE FINANCIAL SECURITY INTEREST AND RETURN OF THE CASH</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cumplidas,
    extinguidas o canceladas &iacute;ntegramente todas las Obligaciones Garantizadas, quedar&aacute; autom&aacute;ticamente extinguida
    la Garant&iacute;a Financiera Pignoraticia sobre el Efectivo.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once
    all the Secured Obligations have been satisfied, extinguished or cancelled in full, the Financial Security Interest over the Cash
    shall automatically terminate.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Parte Garantizada se compromete, a solicitud del Pignorante a tal efecto y con preaviso razonable a otorgar cuantos documentos p&uacute;blicos
    o privados sean necesarios para declarar la cancelaci&oacute;n de la Garant&iacute;a Financiera Pignoraticia. Las Partes acuerdan
    que todos los tributos y gastos de notario y cualquier tercero y, en su caso, de notificaciones, derivados de dicha cancelaci&oacute;n
    correr&aacute;n a cargo de la Parte Garantizada.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Secured Party hereby undertakes, upon request from the Pledgor on reasonable notice, to execute such public or private documents
    as are necessary to declare the cancellation of the Financial Security Interest. The Parties agree that all taxes, charges by the
    Notary, and any third party expenses, as the case may be, notifications as a result of such cancellation shall be borne by the Secured
    Party.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding-left: 0.5in; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    Parte Garantizada queda facultada en este acto para realizar los actos de cancelaci&oacute;n que sean necesarios para dar curso a
    lo previsto en los apartados anteriores de esta Cl&aacute;usula.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Secured Party is hereby empowered for undertaking the cancellation acts deemed to be necessary for the purposes of what it is set
    forth by this Clause.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">NOTIFICACIONES</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOTICES</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Todas
    las notificaciones y comunicaciones relativas a la presente P&oacute;liza entre el Pignorante y la Parte Garantizada se efectuar&aacute;n
    por escrito, por correo electr&oacute;nico, fax, por correo certificado con acuse de recibo o por cualquier medio que permita tener
    constancia de su recepci&oacute;n. A estos efectos las comunicaciones y notificaciones efectuadas al Banco de la Cuenta se efectuar&aacute;n
    por cualquier medio de los mencionados anteriormente exceptuando el correo electr&oacute;nico.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
    notice, demand or other communication given or made under or in connection with the matters contemplated by this Deed between the
    Pledgor and Secured Party shall be made in writing, by email, fax, courier (with acknowledgement of receipt) or any other mean that
    provides evidence of its reception by the addressee. For these purposes, the communications and notices made to the Account Bank
    shall be made by any of the abovementioned means excluding email.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Los
    domicilios a efectos de notificaciones de cada una de las Partes ser&aacute;n los siguientes:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    addresses for notices of each of the Parties shall be the following:</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Para
    el Pignorante:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the Pledgor:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">CRITERIA
    CAIXA, S.A.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">CRITERIA
    CAIXA, S.A.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Para
    la Parte Garantizada:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the Secured Party:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
    SACHS INTERNATIONAL</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-top: 5pt; padding-bottom: 5pt; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOLDMAN
    SACHS INTERNATIONAL</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Para
    el Banco de la Cuenta:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the Account Bank:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAIXABANK,
    S.A.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAIXABANK,
    S.A.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[***]</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    comunicaci&oacute;n se entender&aacute; recibida:</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice
    shall be deemed served:</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">si
    es entregada personalmente, en el momento de la efectiva entrega en la direcci&oacute;n arriba indicada;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">if
    delivered personally, upon delivery of the above address;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">si
    se env&iacute;a por correo certificado con acuse de recibo, cuando as&iacute; se indique en el documento de acuse de recibo, entendi&eacute;ndose
    recibida, en todo caso, si se entrega en la direcci&oacute;n arriba indicada en horas de oficina y aun si su recepci&oacute;n es
    rechazada por cualquier motivo; y</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">if
    sent by registered post with confirmation of delivery, when it is so indicated in the delivery confirmation or if delivered to the
    above address during working hours and even if the recipient refused to accept delivery for any reason; and</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">entre
    el Pignorante y la Parte Garantizada, si se env&iacute;a por correo electr&oacute;nico, en el momento en el que el destinatario reciba
    la confirmaci&oacute;n de &ldquo;recibido&rdquo; o &ldquo;le&iacute;do&rdquo; que le env&iacute;a su sistema, o si no lo recibiera,
    cinco minutos despu&eacute;s de haberlo enviado y siempre que no reciba un mensaje que indique que el correo ha sido rechazado o
    no recibido.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">between
    the Pledgor and the Secured Party if delivered by email, at the time when the sender receives a confirmation of &ldquo;delivered&rdquo;
    or &ldquo;read&rdquo; from its own system, or otherwise five (5) minutes after it is sent except where a rejected or delivery failure
    message is received.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">siempre
que las comunicaciones anteriores se hagan en un d&iacute;a laborable para el destinatario antes de las 18:00 horas (hora del destinatario).
En el caso de instrucciones al Banco de la Cuenta en relaci&oacute;n con la Cuenta Bancaria, estas deber&aacute;n recibirse por el Banco
de la Cuenta antes de las 13:00 horas. Si se hicieran en d&iacute;a festivo para el destinatario, o en un d&iacute;a laborable pero m&aacute;s
tarde de las 18:00 horas (hora del destinatario) (o 13:00 horas para instrucciones al Banco de la Cuenta en relaci&oacute;n con la Cuenta
Bancaria), se entender&aacute; que los plazos anteriores empiezan a contar a partir de las 9:00 de la ma&ntilde;ana del siguiente d&iacute;a
laborable para el destinatario. Como excepci&oacute;n a lo anterior, si el destinatario confirma por escrito la recepci&oacute;n del
documento en un momento anterior del que resultar&iacute;a de la aplicaci&oacute;n de las reglas a) o b) anteriores, la comunicaci&oacute;n
se entender&aacute; recibida en el momento de la confirmaci&oacute;n de la recepci&oacute;n por parte del destinatario.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.55pt; text-align: justify; text-indent: -35.25pt"></P>
                                                                                <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided that all the above notices are made or served on a day which is a working day for the recipient and before 18:00 hours (recipient&rsquo;s local time). In the event of instructions in relation to the Bank Account to the Account Bank should be received by the Account Bank before 13.00 hours. If they are made or served on a bank holiday for the recipient or on a working day after 18:00 hours (recipient&rsquo;s local time) (or 13.00 hours for instructions to the Account Bank in relation to the Bank Account) the above deemed delivery times shall be understood to start at 9:00 a.m. on the following day which is working day for the recipient (recipient&rsquo;s local time). Except if the recipient confirms receipt in writing at a time before the one which would apply pursuant to a) or b) above, the notice shall be deemed to have been served at the time the recipient confirms receipt.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    los efectos de la Cl&aacute;usula &lrm;14.2 anterior, las Partes deber&aacute;n notificar a la otra Parte de la presente P&oacute;liza
    cualquier cambio de nombre, destinatario, direcci&oacute;n o n&uacute;mero de fax. Dicha notificaci&oacute;n ser&aacute; efectiva
    a los dos (2) D&iacute;as H&aacute;biles desde su recepci&oacute;n por el destinatario.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.4</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    Party may notify the other Party to this Deed of any change to its name, relevant addressee, address or fax number for the purposes
    of Clause &lrm;14.2 above provided that such notification shall only be effective on the date falling two (2) Business Days after
    notice of any such change has been received by the recipient.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">IMPUESTOS Y GASTOS</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TAXES
    AND EXPENSES</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"></P>
                                                                                <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Los costes derivados de intervenci&oacute;n notarial de la presente P&oacute;liza (incluyendo, pero sin limitaci&oacute;n, cualesquiera adendas a la presente P&oacute;liza) ser&aacute;n a cargo del Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"></P>
                                                                                <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Pledgor shall pay the costs of notarial intervention of this Deed (including, but not limited to, any addendas to this Deed).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; padding-top: 5pt; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"></P>
                                                                                <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Todos los honorarios (tanto los de notario como de otras entidades que participen en la constituci&oacute;n de la presente Garant&iacute;a Financiera Pignoraticia) comisiones, tarifas, tasas, aranceles y tributos y, si fuera aplicable, gastos de notificaci&oacute;n que se devenguen y cualesquiera otros gastos que origine la preparaci&oacute;n, el otorgamiento, la intervenci&oacute;n en p&oacute;liza, la constituci&oacute;n y registro de la Garant&iacute;a Financiera Pignoraticia (incluyendo en particular, los honorarios, comisiones, tasas y gastos derivados del registro de la Garant&iacute;a Financiera Pignoraticia por el Banco de la Cuenta) o el cumplimiento de la presente P&oacute;liza o el cumplimiento de la presente P&oacute;liza y su modificaci&oacute;n, extensi&oacute;n, cancelaci&oacute;n o ratificaci&oacute;n, as&iacute; como todas las costas y gastos de ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia, por cualesquiera procedimientos, incluidos los aranceles, comisiones, gastos, honorarios, tarifas y tasas incurridos por la Parte Garantizada en caso de compensaci&oacute;n del Efectivo as&iacute; como los gastos y honorarios, de toda &iacute;ndole, de abogado, procurador, miembros de la Bolsa correspondiente, entidades de valoraci&oacute;n (aun cuando la intervenci&oacute;n de &eacute;stos no fuere preceptiva) y cualquier otro, ser&aacute;n a cargo del Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; text-indent: 0in; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.9pt; text-align: justify; text-indent: -35.45pt"></P>
                                                                                <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All notary&rsquo;s fees (as well as notary&rsquo;s fees of other entities involved in the creation of this Financial Security Interest), fees, tariffs, rates, charges, taxes, duties and, if applicable, notification costs, which may accrue and any other expenses related to the creation and registration of this Financial Security Interest (including, in particular, the fees, rates and expenses arising from the registration of the Financial Security Interest by the Account Bank), as well as other expenses related to the creation, drafting, execution, raising to a public deed (p&oacute;liza), and fulfilment of this Deed and its amendment, extension, cancellation or ratification, as well as all judicial costs and enforcement costs, by any procedural means, relating to the Financial Security Interest, including, tariffs, commissions, expenses, fees, rates and charges incurred by the Secured Party in the event of compensation of the Cash as well as the fees, expenses, commissions and charges of any fees and expenses of the lawyers, court representatives (procuradores), entities member of the relevant Stock Exchange, valuation entities (even when their intervention is not compulsory) and any other entity, unless, will be paid by the Pledgor.</FONT></P></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">MODIFICACI&Oacute;N DEL CONTRATO</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AMENDMENT
    OF THE AGREEMENT</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">El
Pignorante y la Parte Garantizada acuerdan que la presente P&oacute;liza no modifica los t&eacute;rminos y condiciones del Contrato y
en caso de que hubiese cualquier discrepancia entre ambos lo dispuesto en el Contrato prevalecer&aacute;.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">The
Pledgor and the Secured Party hereby acknowledge and agree that this Deed shall not amend the terms and conditions of the Agreement and
in case of discrepancy between the terms of this Deed and the terms of the Agreement, the terms of the Agreement shall prevail.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">CL&Aacute;USULAS NULAS O ANULABLES</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEVERABILITY</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">Si
cualquier estipulaci&oacute;n de la presente P&oacute;liza deviene nula o anulable, de conformidad con la legislaci&oacute;n aplicable,
dicha Cl&aacute;usula se entender&aacute; por no puesta y el resto de estipulaciones de la presente P&oacute;liza ser&aacute;n v&aacute;lidas
o ejecutables.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">If
any provision of this Deed becomes void or voidable pursuant to applicable law, such provision shall be regarded as not applicable and
the rest of the provisions of the Deed shall be valid and enforceable.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">COPIAS</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COPIES</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes prestan su conformidad para&nbsp;la expedici&oacute;n de posteriores testimonios de esta P&oacute;liza intervenida, a efectos
    del art&iacute;culo 517 de la LEC, y autorizan expresamente a la Parte Garantizada, a solicitar la expedici&oacute;n de dichos testimonios
    con efectos ejecutivos. Los gastos de las segundas y posteriores copias de la presente P&oacute;liza deber&aacute;n ser abonados
    por la parte que solicite dicha copia.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties agree to the issuance of further copies of this Deed, as notarized, for the purpose of article 517 of LEC, and specifically
    authorize the Secured Party, to request the issuance of such copies with enforcement effects. The costs of the issuance of any second
    or subsequent copy of this Deed will be paid by the party requesting such copy.</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IDIOMA</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LANGUAGE</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">La
presente P&oacute;liza se otorga a doble columna en idiomas espa&ntilde;ol e ingl&eacute;s. La versi&oacute;n en ingl&eacute;s se otorga
a efectos informativos exclusivamente. En caso de que surgieran discrepancias entre ambas versiones, prevalecer&aacute; la versi&oacute;n
en lengua espa&ntilde;ola.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt">This
Deed is executed in double column Spanish and English. The English version is granted for information purposes only. In the event of
discrepancies between the two versions, the Spanish language version shall prevail.</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt">EFICACIA DE LA GARANT&Iacute;A FINANCIERA PIGNORATICIA</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EFFECTIVENESS
    OF THE FINANCIAL SECURITY INTEREST</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Salvo
    disposici&oacute;n en contrario de la ley o de otra manera de acuerdo con los t&eacute;rminos del Contrato, las obligaciones del
    Pignorante no se ver&aacute;n afectadas por ning&uacute;n acto, omisi&oacute;n, asunto o cosa que, salvo esta Cl&aacute;usula, reduzca,
    libere o perjudique sus obligaciones respectivas bajo la Garant&iacute;a Financiera Pignoraticia o el Contrato (sin limitaci&oacute;n
    y sin perjuicio de que sea o no es conocido por el Pignorante o por la Parte Garantizada), incluyendo:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-top: 5pt; padding-left: 0.5in; text-align: justify; text-indent: 0pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
    otherwise provided by law or otherwise in accordance with the terms of the Agreement, the obligations of the Pledgor will not be
    affected by any act, omission, matter or thing which, but for this Clause, would reduce, release or prejudice any of their respective
    obligations under the Financial Security Interest or the Agreement (without limitation and whether or not known to the Pledgor or
    the Secured Party), including:</FONT></TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(salvo
    en lo que es objeto espec&iacute;fico del consentimiento o renuncia) cualquier renuncia o consentimiento otorgado al Pignorante o
    a cualquier tercero;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-indent: -0.25in; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(except
    for what it is the subject of the specific waiver or consent) any waiver or consent granted to the Pledgor or any other person;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">la
    liberaci&oacute;n del Pignorante o de cualquier otra persona que se realice en los t&eacute;rminos de cualquier procedimiento concursal
    o preconcursal con cualquier acreedor del Pignorante;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-indent: -0.25in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    release of the Pledgor or any other person under the terms of any creditor composition or out-of court arrangement with any creditor
    of the Pledgor;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">el
    no ejercicio de cualquier derecho contra el Pignorante, o la omisi&oacute;n de tomar cualquier acci&oacute;n para perfeccionar o
    realizar el valor de cualquier garant&iacute;a otorgada;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-indent: -0.25in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    failure to exercise any right against the Pledgor or the or refusal or neglect of any action to perfect, take up or enforce any security
    granted;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cualquier
    incapacidad o falta de poder, autoridad o personalidad jur&iacute;dica de, o disoluci&oacute;n o cambio en los miembros o situaci&oacute;n
    del Pignorante o cualquier otra persona;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-indent: -0.25in; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
    incapacity or lack of power, authority or legal personality of or dissolution or change in the members or status of the Pledgor or
    any other person;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">la
    modificaci&oacute;n (aunque sea fundamental) o sustituci&oacute;n del Contrato o cualquier otro documento o garant&iacute;a;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    amendment (however fundamental) or replacement of the Agreement or any other document or security;</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">la
    inejecutabilidad, ilegalidad o invalidez de cualquier obligaci&oacute;n de cualquier persona bajo el Contrato o cualquier otro documento
    o garant&iacute;a; o</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
    unenforceability, illegality or invalidity of any obligation of any person under the Agreement or any other document or security;
    or</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt 0pt 58.85pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">la
    insolvencia concurso o procedimientos similares del Pignorante.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.7pt 0pt 61.4pt; text-align: justify; text-indent: -24.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
    insolvency (concurso) or similar proceedings of the Pledgor.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LEY
    APLICABLE Y JURISDICCI&Oacute;N</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">APPLICABLE
    LAW AND JURISDICTION</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    presente P&oacute;liza se regir&aacute; por la legislaci&oacute;n espa&ntilde;ola y en particular por lo dispuesto en el RDL 5/2005</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
    Deed shall be governed by Spanish Law and, in particular, by the provisions set out in RDL 5/2005</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes, con renuncia expresa a cualquier otro fuero que les pudiera corresponder, someten expresa e irrevocablemente cuantas cuestiones
    puedan surgir en relaci&oacute;n con la presente P&oacute;liza a los juzgados y tribunales de la ciudad de Madrid (Espa&ntilde;a).</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties, hereby expressly waiving their rights to any other jurisdiction which may be available to them, hereby expressly and irrevocably
    submit any matter in connection with this Deed to the courts of the city of Madrid (Spain).</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">La
    sumisi&oacute;n a la jurisdicci&oacute;n de los Tribunales referidos en esta Cl&aacute;usula no limitar&aacute;n (y no ser&aacute;n
    interpretados como tal) el derecho de la Parte Garantizada de iniciar acciones, distintas de aquellas previstas en la presente P&oacute;liza,
    contra el Pignorante, o en cualquier otro Tribunal de la jurisdicci&oacute;n competente y el inicio de acciones en una o m&aacute;s
    jurisdicciones no precluir&aacute; el inicio de acciones en cualquier otra jurisdicci&oacute;n (sea o no concurrente) en la medida
    en que est&eacute; permitida por la ley aplicable.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    submission to the jurisdiction of the Courts referred to in this Clause shall not (and shall not be construed so as to) limit the
    right of the Secured Party to take proceedings, different from the ones foreseen in this Deed, against the Pledgor, or in any other
    Court of competent jurisdiction nor shall the taking of proceedings in any one or more jurisdictions preclude the taking of proceedings
    in any other jurisdiction (whether concurrently or not) if and to the extent permitted by applicable law.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-transform: uppercase; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RATIFICACI&Oacute;N
    DEL CONTRATO</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.</FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RATIFICATION
    OF THE AGREEMENT</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">El
    Pignorante y la Parte Garantizada expresamente ratifican el Contrato (que se adjunta a la presente P&oacute;liza como <U>Anexo &lrm;22</U>)
    en su integridad y a todos los efectos legales oportunos.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.1</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Pledgor and the Secured Party expressly ratify the Agreement (attached hereto as <U>Schedule &lrm;22</U>) in its entirety and for
    all the relevant legal purposes.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes acuerdan que la presente P&oacute;liza, al que se adjunta una copia del Contrato, y en el que se ratifica &iacute;ntegramente
    el contenido de dicho contrato, servir&aacute; de t&iacute;tulo ejecutivo a todos los efectos, incluyendo a los efectos del art&iacute;culo
    517 de la Ley de Enjuiciamiento Civil.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties agree that this Deed, to which a copy of the Agreement is attached, and whereby its contents are fully confirmed, shall be
    deemed to be an enforcement title (t&iacute;tulo ejecutivo) for all purposes, including for the purposes of article 517 of the Spanish
    Procedural Law (Ley de Enjuiciamiento Civil).</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; text-indent: -35.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">En
    particular, en caso de ejecuci&oacute;n de la presente P&oacute;liza, el importe l&iacute;quido, vencido y exigible ser&aacute; calculado
    por la Parte Garantizada de conformidad con los t&eacute;rminos del Contrato.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.3pt; text-align: justify; text-indent: -35.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.3</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
    particular, in the event of enforcement of this Deed, the due, liquid and payable amount under the Agreement shall be calculated
    by the Secured Party pursuant to the terms of the Agreement.</FONT></P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Las
    Partes se manifiestan conformes con el contenido de la presente P&oacute;liza y sus anexos, que aceptan y firman:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 5pt; text-align: justify; padding-bottom: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    Parties hereby agree with the contents of this Deed and its schedules, which they accept and sign:</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top"><TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
                                            <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>EL PIGNORANTE / THE PLEDGOR</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>CRITERIA CAIXA, S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ &Aacute;ngel
    Sim&oacute;n Grimaldos</FONT></P></TD>
    <TD STYLE="font-size: 10pt; width: 25%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&Aacute;ngel Sim&oacute;n Grimaldos</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>LA PARTE GARANTIZADA / THE SECURED
    PARTY</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>GOLDMAN SACHS INTERNATIONAL</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>EL BANCO
    DE LA CUENTA / THE ACCOUNT BANK</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>CAIXABANK,
    S.A.</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Marcos Garc&iacute;a Arroyo</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 25%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">Marcos Garc&iacute;a Arroyo</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/Beatriz Escudero Garc&iacute;a</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">Beatriz Escudero Garc&iacute;a</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>EL AGENTE
    DE C&Aacute;LCULO / THE CALCULATION AGENT</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>GOLDMAN SACHS INTERNATIONAL</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 11pt">&nbsp;</TD></TR>
  </TABLE>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 25%">/s/ Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 10pt; width: 25%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify; width: 48%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Jaime Su&aacute;rez Coronel</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">Olaf D&iacute;az-Pintado L&oacute;pez-Chicheri</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
</TABLE>

</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><U>anexo
<FONT STYLE="font-weight: normal">&lrm;</FONT>(C) / SCHEDULE <FONT STYLE="font-weight: normal">&lrm;</FONT>(C)</U><BR></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">COPIA
DEL CONTRATO DE LA CUENTA / COPY OF THE ACCOUNT AGREEMENT</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><U>anexo
2.3 / SCHEDULE 2.3</U><BR></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">NOTIFICACI&Oacute;N
AL BANCO DE LA CUENTA / NOTIFICATION TO THE ACCOUNT BANK</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>[Este formato
se completar&aacute; o modificar&aacute; por la Parte Garantizada seg&uacute;n las<BR>
circunstancias de la instrucci&oacute;n que en su caso se realice] </I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Estimados Sres:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Notificaci&oacute;n
al Banco de la Cuenta de la Garant&iacute;a Financiera Pignoraticia</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Nos ponemos en
contacto con Uds. en relaci&oacute;n con (i) la confirmaci&oacute;n (la &ldquo;<B>Confirmaci&oacute;n</B>&rdquo;) suscrita por Uds. el
5 de abril de 2024 y sujeto a derecho ingl&eacute;s, que suplementa, forma parte de, y est&aacute; sujeto al ISDA 2002 Master Agreement
de fecha 16 de diciembre de 2016 (el &ldquo;<B>Contrato ISDA Master</B>&rdquo;, y junto con la Confirmaci&oacute;n, el &ldquo;<B>Contrato</B>&rdquo;)
elevado a p&uacute;blico ante el Notario de [Madrid] [D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
en fecha [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] y (ii) el contrato de garant&iacute;a financiera pignoraticia
sobre el efectivo de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] de fecha [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
(el &ldquo;<B>Efectivo</B>&rdquo;) de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
celebrado entre [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;], como pignorante, [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;],
como parte garantizada y otorgado en garant&iacute;a de las obligaciones financieras principales del Contrato y sujeto por voluntad de
las partes del mismo al r&eacute;gimen establecido en el Real Decreto-Ley 5/2005, elevado a p&uacute;blico ante el Notario de [Madrid]
[D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] (la &ldquo;<B>Garant&iacute;a Financiera Pignoraticia&rdquo;</B>).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">De conformidad
con los terminos de la Garant&iacute;a Financiera Pignoraticia, en particular, de conformidad con lo establecido en la Cl&aacute;usula
[&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;], les notificamos que [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">En consecuencia,
les damos instrucciones irrevocables para que procedan a lo siguiente: [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
[a <I>completar con las instrucciones que procedan seg&uacute;n establezca la Parte Garantizada de conformidad con lo previsto en la
cl&aacute;usula [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] de la Garant&iacute;a Financiera Pignoraticia</I>].</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Atentamente,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">[&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>ANEXO 9.1
/ SCHEDULE 9.1</U><BR></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>LISTADO DE PERSONAS
AUTORIZADAS DE GOLDMAN SACHS / GOLDMAN SACHS AUTHORISED PERSONS</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><U>anexo
<FONT STYLE="font-weight: normal">&lrm;</FONT>10.3 / SCHEDULE <FONT STYLE="font-weight: normal">&lrm;</FONT>10.3</U><BR></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">NOTIFICACI&Oacute;N
DE EJECUCI&Oacute;N / ENFORCEMENT NOTICE</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><BR>
<BR></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>[Este formato
se completar&aacute; o modificar&aacute; por la Parte Garantizada seg&uacute;n las<BR>
circunstancias de la ejecuci&oacute;n que en su caso se realice] </I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Estimados Sres:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Notificaci&oacute;n
de ejecuci&oacute;n de la Garant&iacute;a Financiera Pignoraticia</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Nos ponemos en
contacto con Uds. en relaci&oacute;n con (i) la confirmaci&oacute;n (la &ldquo;<B>Confirmaci&oacute;n</B>&rdquo;) suscrita por Uds. el
5 de abril de 2024 y sujeto a derecho ingl&eacute;s, que suplementa, forma parte de, y est&aacute; sujeto al ISDA 2002 Master Agreement
de fecha 16 de diciembre de 2016 (el &ldquo;<B>Contrato ISDA Master</B>&rdquo;, y junto con la Confirmaci&oacute;n, el &ldquo;<B>Contrato</B>&rdquo;)
elevado a p&uacute;blico ante el Notario de [Madrid] [D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
en fecha [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] y (ii) el contrato de garant&iacute;a financiera pignoraticia
sobre el efectivo de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] de fecha [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
(el &ldquo;<B>Efectivo</B>&rdquo;) de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] de [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
celebrado entre [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;], como pignorante, [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;],
como parte garantizada y otorgado en garant&iacute;a de las obligaciones financieras principales del Contrato y sujeto por voluntad de
las partes del mismo al r&eacute;gimen establecido en el Real Decreto-Ley 5/2005, elevado a p&uacute;blico ante el Notario de [Madrid]
[D./D&ordf;] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] en esa misma fecha (la &ldquo;<B>Garant&iacute;a Financiera
Pignoraticia&rdquo;</B>).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Mediante la presente
les comunicamos que se ha producido un [Supuesto de Ejecuci&oacute;n] (seg&uacute;n este t&eacute;rmino queda definido en el Contrato
y en la Garant&iacute;a Financiera Pignoraticia), por lo que procedemos a ejecutar la Garant&iacute;a Financiera Pignoraticia.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">En consecuencia,
les damos instrucciones irrevocables para que procedan a lo siguiente: [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
[a <I>completar con las instrucciones de ejecuci&oacute;n o traspaso del Efectivo (o activos correspondientes) que procedan seg&uacute;n
establezca la Parte Garantizada de conformidad con lo previsto en la cl&aacute;usula [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
de la Garant&iacute;a Financiera Pignoraticia (Ejecuci&oacute;n de la garant&iacute;a financiera pignoraticia)</I>].</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Atentamente,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">[&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>[Translation
of the Enforcement Notice provided for information purposes only]</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Dear Sirs,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Enforcement Notice of the Financial
Security Interest</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">We are contacting
you in connection with the (i) confirmation (the &ldquo;<B>Confirmation</B>&rdquo;) entered into by you on 5 April 2024 and subject to
English law, which supplements, forms part of, and is subject to the ISDA 2002 Master Agreement dated as of 16 December 2016 between
us (the &ldquo;<B>ISDA Master Agreement</B>&rdquo;, and together with the Confirmation, the &ldquo;<B>Agreement</B>&rdquo;) raised to
the status of a Spanish document before the Notary of [Madrid] [Mr./Ms.] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
on [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] and (ii) the financial security interest agreement over the cash
in [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] (the <B>&ldquo;Cash</B>&rdquo;) entered into on [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
[&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] 2024 between [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]
as pledger and [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] as secured party, and granted to secure the main financial
obligations of the Agreement and subject to Royal Decree-Law 5/2005, 11 March elevated to the status of a Spanish document before the
Notary of [Madrid] [Mr./Ms.] [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] on this date (the &ldquo;<B>Financial
Security Interest</B>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">By means of this
notice, we inform you that an Enforcement Event has occurred (as this term is defined in the Agreement and in the Financial Security
Interest) and thus, we proceed with the enforcement of the Financial Security Interest.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">As a consequence,
you are hereby irrevocably instructed to [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] [<I>to be completed with
the instructions of enforcement or transfer of the Cash (or relevant assets) that may proceed as established by the Secured Party pursuant
to the provisions set out in Clause [&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;] of the Financial Security Interest
(Enforcement of the Financial Security Interest)</I>].</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Yours faithfully,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">[&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#9679;</FONT>&nbsp;]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>ANEXO
10.4 / SCHEDULE 10.4</U></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>MUESTRA
DE LAS FIRMAS DE LOS FIRMANTES AUTORIZADOS DE LA PARTE GARANTIZADA / SPECIMEN OF SIGNATURES OF SECURED PARTIES AUTHORIZED SIGNATORY</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.3pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>ANEXO </U></B><U>&lrm;<B>11.1
/ SCHEDULE </B>&lrm;<B>11.1</B></U></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">MINUTA
DE ESCRITURA DE PODER IRREVOCABLE / FORM OF IRREVOCABLE Power of Attorney</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B><U>ANEXO
</U></B><U>&lrm;<B>22 / SCHEDULE </B>&lrm;<B>22</B></U></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>COPIA
DEL CONTRATO / COPY OF THE AGREEMENT</B></FONT></P>
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<TYPE>EX-99.5
<SEQUENCE>4
<FILENAME>dp215887_ex9905.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exhibit 99.5</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt"><B>Goldman Sachs International
| Plumtree Court | 25 Shoe Lane | London EC4A 4AU</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt">Tel: 020-7774-1000 |
Telex: 887902 | Cable: GOLDSACHS LONDON</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt">Registered in England
No. 2263951 | Registered Office As Above</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 9pt">Authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority</FONT></P>

<P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 9pt"><IMG SRC="image_001.jpg" ALT="">&nbsp;</FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Opening Transaction</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">5 April 2024</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(as amended and restated with effect from 31 July 2024)</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">GS Reference No. to be advised</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Customer Account No. 066490160</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Criteria Caixa, S.A.U.</P></TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Dear Sir/ Madam,</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: center"><B><U>Share Purchase Transaction on Telefonica,
    S.A</U></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">The purpose of this communication (this
    &ldquo;<B>Confirmation</B>&rdquo;) is to set forth the specific terms and conditions of the above-referenced transaction entered
    into on the Trade Date specified below (the &ldquo;<B>Transaction</B>&rdquo;) between Goldman Sachs International
    (&ldquo;<B>GS</B>&rdquo;) and Criteria Caixa, S.A.U. (&ldquo;<B>Counterparty</B>&rdquo;), as amended and restated with effect from
    31 July 2024 (the &ldquo;<B>Second Amendment Date</B>&rdquo;). This communication, together with the Transaction Supplement (as
    defined in the &quot;General Terms&quot; set out below) and the Annexes to this Confirmation, constitutes a
    &ldquo;Confirmation&rdquo; as referred to in the ISDA Master Agreement specified below.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">This Confirmation is subject to, and incorporates, the definitions and provisions of the 2006 ISDA Definitions (the &ldquo;<B>2006 Definitions</B>&rdquo;) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the &ldquo;<B>Equity Definitions</B>&rdquo;), in each case as published by the International Swaps and Derivatives Association, Inc. In the event of inconsistency between the 2006 Definitions and the Equity Definitions, the Equity Definitions will govern.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This Confirmation constitutes a &ldquo;Confirmation&rdquo;
    as referred to in, and supplements, forms part of and is subject to, the ISDA Master Agreement dated 16 December 2016, as amended and
    supplemented from time to time (the &ldquo;<B>Master Agreement</B>&rdquo;), together with the Credit Support Annex thereof, as amended
    and supplemented from time to time (the &ldquo;<B>CSA</B>&rdquo; and the CSA together with the Master Agreement, the &ldquo;<B>Agreemen</B>t&rdquo;)
    between Counterparty and GS. All provisions contained in or incorporated by reference in the Agreement shall govern this Confirmation
    except as expressly modified below.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify">In the event of any inconsistency between this
    Confirmation and the Equity Definitions or the Agreement, as the case may be, this Confirmation will govern.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">The Equity Definitions shall apply to this Transaction as if this Transaction was a Share Option Transaction. The terms of the particular Transaction to which this Confirmation relates are as follows:</FONT></TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>General Terms </U></B></FONT></TD>
    <TD STYLE="width: 62%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">5 April 2024</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Effective Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">means the date that is one Exchange Business Day after the Trade Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">First Amendment Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">27 June 2024</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Shares:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Ordinary Shares in the Issuer (ISIN: ES0178430E18)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Telef&oacute;nica, S.A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Exchange(s):</P></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Electronic Trading Interconnection System of the Spanish Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia (Sistema de Interconexi&oacute;n Burs&aacute;til Espa&ntilde;ol &ndash; Mercado Continuo)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Related Exchange(s):</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">All Exchanges</FONT></TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Termination Date: </FONT></TD>
    <TD STYLE="width: 62%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Any Scheduled Trading Day as determined by GS and
    notified by GS to Counterparty, provided that such date shall fall no later than the Maximum Maturity Date and no earlier than the Minimum
    Maturity Date (for the avoidance of doubt, subject to adjustments, including in accordance with the provisions under &ldquo;Consequences
    of Disrupted Days&rdquo; below).</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">A notice identifying the Termination Date
must be given by GS to Counterparty no later than one (1) Scheduled Trading Day after such Termination Date.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Transaction Schedule</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The schedule of terms attached as Annex 1 to this Confirmation</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Transaction Supplement:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Means a supplement, substantially in the form set out in Annex 2 hereto, that is provided by GS to Counterparty on the Trade Date (as may be amended or supplemented by agreement from time to time). Notwithstanding the terms of the Agreement, such supplement: shall be provided by GS to Counterparty by email to amartinez@criteria.com, &nbsp;afeijoo@criteria.com and jmateu@criteria.com; shall be effective when sent; and may be sent at anytime on the Trade Date to be effective on such date. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Maximum Maturity Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Schedule</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Minimum Maturity Date</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Schedule</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Exclusion from CSA:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Notwithstanding anything to the contrary in the CSA, this Transaction shall be excluded from the calculation of &ldquo;Exposure&rdquo; under the CSA.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B><U>First Share Sale and Purchase</U></B></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">First Sale and Purchase:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">On the First Share Purchase Date, GS shall sell and Counterparty shall purchase a number of Shares equal to the Original Sold Shares at the First Share Sale Price per Share for settlement on a delivery versus payment basis on the First Share Purchase Settlement Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Original Sold Shares:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">91,500,000 Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">First Share Sale Price:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Supplement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">First Share Purchase Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">First Share Purchase Settlement Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">9 April 2024 (it being that date that is one Settlement Cycle after the First Share Purchase Date).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 37.15pt">Tax:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 37.15pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Counterparty acknowledges and agrees that Spanish financial transaction tax payable on any purchase of the Original Sold Shares pursuant to the First Sale and Purchase provisions (i) shall be borne by the Counterparty and (ii) the Counterparty will pay to GS on demand the amount of any such Spanish financial transaction tax payable or that will become payable by GS in connection with such purchase.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Second Share Sale and Purchase</B></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 37.15pt"><FONT STYLE="font-size: 10pt">Second Sale and Purchase:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">On the Second Share Purchase Date, GS shall sell and Counterparty shall purchase a number of Shares equal to the Additional Sold Shares at the Second Share Sale Price per Share for settlement on a delivery versus payment basis on the Second Share Purchase Settlement Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 37.15pt"><FONT STYLE="font-size: 10pt">Additional Sold Shares:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">278,773,567 Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 37.15pt"><FONT STYLE="font-size: 10pt">Second Share Sale Price:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Supplement</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; padding-left: 37.15pt"><FONT STYLE="font-size: 10pt">Second Share Purchase Date:</FONT></TD>
    <TD STYLE="width: 62%; text-align: justify"><FONT STYLE="font-size: 10pt">First Amendment Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 37.15pt"><FONT STYLE="font-size: 10pt">Second Share Purchase Settlement Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">1 July 2024 (it being that date that is one Settlement Cycle after the Second Share Purchase Date).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 37.15pt">Tax:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 37.15pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Counterparty acknowledges and agrees that Spanish financial transaction tax payable on any purchase of the Additional Sold Shares pursuant to the Second Sale and Purchase provisions (i) shall be borne by the Counterparty and (ii) the Counterparty will pay to GS on demand the amount of any such Spanish financial transaction tax payable or that will become payable by GS in connection with such purchase.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B><U>Settlement Terms </U></B></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Currency:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">EUR</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Cash Settlement:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On the Cash Settlement Payment Date, if the Cash
    Settlement Amount is:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
    positive number, Counterparty shall pay an amount equal to the Cash Settlement Amount to GS; or</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 37.3pt; text-align: justify; text-indent: -37.3pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
negative number, GS shall pay an amount equal to the absolute value of the Cash Settlement Amount to Counterparty.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Cash Settlement Amount:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">An amount in EUR determined by the Calculation
    Agent that is equal to the product of:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
    Number of Shares; and</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Price Differential.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Cash Settlement Payment Date: </FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The date falling two Currency Business Days after GS has notified Counterparty of the Valuation Date and the Cash Settlement Amount.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Number of Shares:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">370,273,567 Shares, being the sum of Original Sold Shares and the Additional Sold Shares.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Price Differential:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Final Price <I>minus</I> the Initial Price.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Initial Price:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">An amount in EUR equal to ((Original Sold Shares &times; Original Reference Price) + (Additional Sold Shares &times; Second Share Sale Price)) / Number of Shares, subject to adjustment in accordance with the Dividends provisions from the First Amendment Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Final Price:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">An amount in EUR, determined by the Calculation Agent, equal to the Adjusted Benchmark Price.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Original Reference Price</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Supplement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Benchmark Price:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">An amount (expressed in EUR) per Share, as determined by the Calculation Agent on the Valuation Date, equal to the product of (a) Benchmark Price Percentage and (b) the arithmetic mean of the Daily VWAP on each Averaging Date during the Reference Period.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Benchmark Price Percentage:</FONT></TD>
    <TD STYLE="padding-left: 30.05pt; text-align: justify; text-indent: -30.05pt"><FONT STYLE="font-size: 10pt">As specified in the Transaction Supplement</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Adjusted Benchmark Price</P></TD>
    <TD STYLE="width: 62%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30.05pt; text-align: justify; text-indent: -30.05pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
    the Benchmark Price is greater than the Benchmark Floor Price, but less than the Benchmark Cap Price, the Benchmark Price;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30.05pt; text-align: justify; text-indent: -30.05pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30.05pt; text-align: justify; text-indent: -30.05pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
    the Benchmark Price is equal to or greater than the Benchmark Cap Price, the Benchmark Cap Price; and</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30.05pt; text-align: justify; text-indent: -30.05pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30.05pt; text-align: justify; text-indent: -30.05pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
the Benchmark Price is equal to or less than the Benchmark Floor Price, the Benchmark Floor Price.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Benchmark Cap Price:</FONT></TD>
    <TD STYLE="text-align: justify">As specified in the Transaction Supplement </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Benchmark Floor Price:</FONT></TD>
    <TD STYLE="text-align: justify">As specified in the Transaction Supplement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Daily VWAP:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In respect of any Exchange Business Day, the volume
    weighted average price per Share as determined by the Calculation Agent for such day within the regular trading session of the Exchange
    on such day with reference only to continuous trading, and by reference to Bloomberg page &quot;TEF SM Equity VWAP&quot; (selecting Continuous
    Trade in the dropdown list of the Calculation field), or any successor thereto.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">If such price is not so reported on such Exchange
    Business Day for any reason or is, in the Calculation Agent&rsquo;s reasonable discretion, erroneous, the Daily VWAP for such day will
    be as reasonably determined by the Calculation Agent (acting in good faith).</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The Daily VWAP may be adjusted in respect
of a Dividend Adjustment Event in accordance with the Dividends provisions below.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Valuation Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Termination Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Averaging Dates:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Each Exchange Business Day during the Reference Period</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Reference Period:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The period beginning on (and including) the Effective Date to (and including) the Valuation Date. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"> Consequences of Disrupted Days:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Section 6.6 (<I>Consequences of Disrupted Days</I>)
    and Section&nbsp;6.7(c) (<I>Averaging Date Disruption</I>) of the Equity Definitions shall not apply.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Notwithstanding any other provision of this Confirmation,
    if the Trade Date or any Averaging Date is a Disrupted Day, the Calculation Agent may make such adjustment to the terms of the Transaction
    as the Calculation Agent determines appropriate to account for the economic effect of the relevant Market Disruption Event or Exchange
    closure, including (but not limited to): (a) excluding the Daily VWAP for such day (if any) from the determination of the Benchmark Price;
    (b) applying a weighting factor of less than one (but greater than zero) to, or any other adjustment to the calculation of, any Daily
    VWAP for such day; or (c) an adjustment to the Number of Shares, the Termination Date, the Maximum Maturity Date or the Cash Settlement
    Payment Date.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For such purposes:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30pt; text-align: justify; text-indent: -28.35pt">(i)<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   </FONT>the first sentence of Section 6.3(a) of the Equity Definitions shall be deleted and replaced in its entirety with the words:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30pt; text-align: justify">&ldquo;&ldquo;Market Disruption Event&rdquo;
    means in respect of a Share, the occurrence or existence at any time, on any day, of a Trading Disruption, an Exchange Disruption, an
    Early Closure, or a Regulatory Disruption.&rdquo;; and</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 30pt; text-align: justify; text-indent: -30pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
6.3(d) of the Equity Definitions shall be amended by the deletion of the remainder of the sentence in its entirety which follows the
words, &ldquo;prior to its Scheduled Closing Time&rdquo;.&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Regulatory Disruption:</FONT></TD>
    <TD STYLE="width: 62%; text-align: justify"><FONT STYLE="font-size: 10pt">Any event that GS, in its discretion, determines makes it appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by GS or its Affiliates so long as any such policies or procedures are related to legal, regulatory or self-regulatory issues and are generally applicable in similar situations and applied in a non-discriminatory manner), for GS to refrain from or decrease any market activity in connection with the Transaction.&nbsp;Whenever a Regulatory Disruption occurs, GS shall notify Counterparty of such occurrence and, to the extent reasonably discernible by GS, its anticipated duration as soon as reasonably practicable under the circumstances; <I><U>provided</U></I> that GS shall not be required to communicate to Counterparty the reason for GS&rsquo;s exercise of its rights pursuant to this provision if GS reasonably determines in good faith that disclosing such reason may result in a violation of any legal, regulatory, or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by GS).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B><U>Dividends</U></B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For the purposes of the following dividend provisions,
    any dividend declared by the Issuer to be payable solely in cash shall be considered <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">to
    be an ordinary cash dividend (each an &ldquo;</FONT><B>Ordinary Cash Dividend</B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&rdquo;).
    </FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">All dividends other than Ordinary Cash Dividends
shall be <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">considered &ldquo;Extraordinary Dividends&rdquo; for the purposes of
Section 11.2 of the Equity Definitions.</FONT>&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Dividend Adjustment Event:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    following event (a &ldquo;</FONT><B>Dividend Adjustment Event</B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&rdquo;) shall
    constitute </FONT>an additional Potential Adjustment Event for the purposes of Section 11.2(e) of the Equity Definitions, for which purpose
    such additional Potential Adjustment Event shall be deemed to have occurred on the relevant Ex-dividend Date:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>In relation to any Relevant Dividend Period,
the declaration by the Issuer of an Ordinary Cash Dividend in respect of the Shares with an Ex-dividend Date that occurs during such
Relevant Dividend Period</I>.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Ex-dividend Date:</P></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">In relation to any Ordinary Cash Dividend declared in respect of the Shares, the date upon which the Shares have commenced trading ex dividend on the Exchange in relation to that Ordinary Cash Dividend.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Ordinary Cash Dividend Amount:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">In respect of an Ordinary Cash Dividend, 100% of the gross cash dividend per Share declared by the Issuer.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">Relevant Dividend Period:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">From, but excluding, the Trade Date to, and including, the Valuation Date. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Relevant Price Adjustment:</FONT></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">If a Dividend Adjustment Event has occurred, the
    Calculation Agent shall adjust the Daily VWAP for each Exchange Business Day that occurred prior to the Ex-dividend Date that relates
    to such Dividend Adjustment Event, Benchmark Cap Price, Benchmark Floor Price and the Initial Price (each, a <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;</FONT><B>Relevant
    Price</B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&rdquo;</FONT>) in accordance with the following formula:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>adjusted Relevant Price = Relevant Price immediately
    prior to adjustment - r</I></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">where:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">r = the Ordinary Cash Dividend Amount</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Following any adjustment made pursuant to this
    paragraph, GS shall notify Counterparty of each revised Relevant Price, adjusted as a consequence of the relevant Dividend Adjustment
    Event. Any failure or delay by GS in the delivery of such notice shall not affect the related changes made pursuant to this paragraph
    and such failure or delay shall not give rise to an Event of Default or Potential Event of Default under the Agreement.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For the avoidance of doubt this paragraph does
    not affect the <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Calculation Agent&rsquo;s right to adjust the Transaction pursuant
    to any </FONT>other Potential Adjustment Event as described in Section 11.2(e) of the Equity Definitions. Further, the parties acknowledge
    that Potential Adjustment Events include, but are not limited to, Extraordinary Dividends, a dividend of Shares and the redistribution
    of capital.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
the avoidance of doubt and notwithstanding anything in &ldquo;Relevant Dividend Period&rdquo; above, no </FONT>Relevant Price Adjustment
shall be made after the Valuation Date.&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Share Adjustments</U>:</B></FONT></TD>
    <TD STYLE="width: 62%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Method of Adjustment:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Calculation Agent Adjustment</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For the purposes of Section 11.2(c) of the
Equity Definitions, the words &quot;provided that no adjustments will&quot; in the final paragraph thereof will be replaced with the
words &quot;it being understood that adjustments may&quot;.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Extraordinary Events</U>:</B></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Consequences of Merger Events:</P></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Share:&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Other:&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Combined:</P></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">Modified Calculation Agent Adjustment&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Modified Calculation Agent Adjustment&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Modified Calculation Agent Adjustment</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Tender Offer: </FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">Consequences of Tender Offers:</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Share:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Other:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Share-for-Combined:&nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Modified Calculation Agent Adjustment</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Modified Calculation Agent Adjustment</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Modified Calculation Agent Adjustment&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consequences of Announcement Event:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">On or after the relevant date of such Announcement Event, the Issuer and the Shares will not change, but the Calculation Agent shall either (i)(A) make such adjustment to the exercise, settlement, payment or any other terms of the Transaction (including without limitation any spread) as the Calculation Agent determines appropriate to account for the economic effect on the Transaction and any Hedge Positions in respect of the Transaction of such Announcement Event (including adjustments to account for changes in volatility, expected dividends, stock loan rate or liquidity relevant to the Shares or to the Transaction or for any economic effect arising from a market reaction to an anticipated Announcement Event which occurs prior to the Announcement Event), which may, but need not, be determined by reference to the adjustment(s) made in respect of such Announcement Event by an options exchange to options on the relevant Shares traded on such options exchange and (B) determine the effective date of that adjustment, or (ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the termination of the Transaction, in which case &quot;Cancellation and Payment&quot; will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.8;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; text-align: justify"><FONT STYLE="font-size: 10pt">Announcement Event:</FONT></TD>
    <TD STYLE="width: 62%; text-align: justify"><FONT STYLE="font-size: 10pt">(i) The public announcement by any entity of the completion of any Merger Event or Tender Offer, (ii) the public announcement by Issuer of the intention to enter into a Merger Event or Tender Offer or any transaction or event that, if completed, would constitute a Merger Event or Tender Offer, (iii) the public announcement by any entity other than Issuer of the intention to enter into a Merger Event or Tender Offer or any transaction or event that, if completed, would constitute a Merger Event or Tender Offer, in each case, that has a material economic effect on the market price of the Shares or options on the Shares (as determined by the Calculation Agent), (iv) the public announcement by Issuer, any of its Consolidated Entities (as defined below) or any of their respective agents of any acquisition or disposition where, if completed, the aggregate consideration exceeds 25% of the market capitalization of Issuer as of the date of such announcement (a &ldquo;<B>Transformative Transaction</B>&rdquo;), (v) the public announcement by Issuer, any of its Consolidated Entities or any of their respective agents of an intention of Issuer, as verified by publicly available information, to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, a Merger Event, Tender Offer or Transformative Transaction or (vi) any subsequent public announcement of a material change to a transaction or intention that is the subject of an announcement of the type described in clause (i), (ii), (iii), (iv) or (v) of this sentence (including, without limitation, a new announcement, whether or not by the same party, relating to such a transaction or intention or the announcement of a withdrawal from, or the abandonment or discontinuation of, such a transaction or intention) (in each case, (A) whether such announcement is made by Issuer or a third party and (B) if by a third party (1) in connection with a proposed or contemplated transaction, relates to a transaction that is reasonably likely to be completed, determined as described in clause (iii) or (2) in connection with a withdrawal, abandonment or discontinuation of a transaction, relates to a transaction that, prior to such withdrawal, abandonment or discontinuation, was reasonably likely to be completed, as so determined); provided that, for the avoidance of doubt, the occurrence of an Announcement Event with respect to any transaction or intention shall not preclude the occurrence of a later Announcement Event with respect to such transaction or intention. &ldquo;<B>Consolidated Entity</B>&rdquo; means at any date any entity whose financial statements are consolidated in the Issuer&rsquo;s consolidated financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Announcement Date:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The definition of &ldquo;Announcement Date&rdquo; in Section 12.1 of the Equity Definitions is hereby amended by (i) replacing the words &ldquo;a firm&rdquo; with the word &ldquo;any&rdquo; in the second and fourth lines thereof, (ii) replacing the word &ldquo;leads to the&rdquo; with the words &ldquo;, if completed, would lead to a&rdquo; in the third and the fifth lines thereof, (iii) replacing the words &ldquo;voting shares&rdquo; with the word &ldquo;Shares&rdquo; in the fifth line thereof, and (iv) inserting the words &ldquo;by any entity&rdquo; after the word &ldquo;announcement&rdquo; in the second and the fourth lines thereof.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Composition of Combined Consideration:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Not Applicable; provided that notwithstanding Section&nbsp;12.5(b) of the Equity Definitions, to the extent that the composition of the consideration for the relevant Shares pursuant to a Tender Offer or Merger Event could be determined by a holder of the Shares, the Calculation Agent will determine such composition.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Nationalisation, Insolvency or Delisting:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Cancellation and Payment (Calculation Agent Determination)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Additional Disruption Events</U>:</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Change in Law:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable; <I>provided</I> that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by replacing the word &ldquo;Shares&rdquo; with &ldquo;Hedge Positions&rdquo;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Failure to Deliver:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Not Applicable.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Insolvency Filing:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Hedging Disruption:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">Increased Cost of Hedging:</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 30.6pt">&nbsp;</P></TD>
    <TD STYLE="width: 62%; text-align: justify"><FONT STYLE="font-size: 10pt">Applicable; <I>provided </I>that Section 12.9(a)(vi) of the Equity Definitions is replaced with the following: &ldquo;&lsquo;<B>Increased Cost of Hedging</B>&rsquo; means that the Hedging Party would incur a materially increased (as compared with circumstances existing on the Trade Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain unwind or dispose of any Hedge Positions, or (B) realize, recover or remit the proceeds of any such Hedge Positions; <I>provided</I> that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Hedging Party shall not be deemed an Increased Cost of Hedging.&rdquo;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Loss of Stock Borrow:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Maximum Stock Loan Rate:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Schedule</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Increased Cost of Stock Borrow:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Initial Stock Loan Rate:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As specified in the Transaction Schedule</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Hedging Party:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">GS</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 30.6pt"><FONT STYLE="font-size: 10pt">Determining Party:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">GS</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><U>Additional Representations, Agreements and Acknowledgements:</U></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Non-Reliance:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Agreements and Acknowledgements regarding Hedging Activities:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Additional Acknowledgements:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">GS Payment Instructions:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To be advised separately in writing</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Counterparty Payment Instructions:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To be advised separately in writing</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Counterparty Delivery Instructions:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To be advised separately in writing</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Calculation Agent:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">GS</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>ADDITIONAL REPRESENTATIONS AND COVENANTS</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Additional Counterparty Representations:</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">For the purposes of Section 3 of the Agreement, Counterparty represents
and warrants and, where applicable, undertakes to GS on the Trade Date, the First Amendment Date and the Second Amendment Date (and in
respect of (a), (b) and (g) below, on a continuing basis) that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(a)</TD><TD>All consents, orders, approvals, and other authorisations, whether governmental, corporate or other, necessary for the Transaction
and this Confirmation (the &ldquo;<B>Transaction Documents</B>&quot; and together with the Transaction, the &ldquo;<B>Relevant Transaction</B>&rdquo;)
have been obtained or made and are in full force and effect and all disclosures required by applicable law or regulation to be made in
connection with the Transaction Documents, including, without limitation, the Shares, have been made;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(b)</TD><TD>Counterparty&rsquo;s entry into and performance of its obligations under the Relevant Transaction does not conflict with, result in
a breach or violation of, or constitute a default under: (A) any agreement or instrument to which Counterparty is a party or by which
Counterparty or any of its properties or assets is bound; or (B) any statute, rule or regulation applicable to, or any order of any court
or governmental agency with jurisdiction over Counterparty or Counterparty&rsquo;s assets or properties;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(c)</TD><TD>Counterparty is acting for its own account, and has made its own independent decision to enter into the Relevant Transaction and as
to whether the Relevant Transaction is appropriate or proper based upon Counterparty&rsquo;s own judgment and upon advice from such legal,
tax or other advisors as Counterparty has deemed necessary. Counterparty is not relying on any communication (written or oral) from Goldman
Sachs International or any Affiliate (&quot;<B>Goldman Sachs</B>&quot;) as tax, accounting or legal advice or as a recommendation to enter
into the Relevant Transaction; it being understood that information and explanations related to the terms and conditions of the Relevant
Transaction will not be considered to be tax, legal or accounting advice or a recommendation to enter into the Relevant Transaction. No
communication (written or oral) received from Goldman Sachs will be deemed to be an assurance or guarantee as to the expected results
of the Relevant Transaction.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(d)</TD><TD>Counterparty is capable of assessing the merits of and understanding the consequences of the Relevant Transaction (on Counterparty&rsquo;s
own behalf or through independent professional advice and has taken independent legal advice in connection with the Relevant Transaction),
and understands and accepts, the terms, conditions and risks of the Relevant Transaction. In particular, but without limitation, Counterparty
has understood, evaluated and is willing to accept:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 35.45pt">(i)</TD><TD>the legal requirements pertaining to the Relevant Transaction;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 35.45pt">(ii)</TD><TD>the tax treatment of the Relevant Transaction; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 35.45pt">(iii)</TD><TD>the accounting treatment of the Relevant Transaction;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(e)</TD><TD>Neither Counterparty nor anyone acting on Counterparty&rsquo;s behalf has engaged in any behaviour which is designed to cause, has
caused, or might reasonably be expected to cause, manipulation of the price of any security of the Issuer;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(f)</TD><TD>Counterparty is not entering into the Relevant Transaction on the basis of, nor is the Counterparty aware of, any inside or material,
non-public information concerning the Issuer and the entry into and performance by it of its obligations under the Relevant Transaction
does not and will not constitute a violation by it or any of its affiliates of applicable law or regulation prohibiting &quot;insider
dealing&quot; or &quot;market abuse&quot; as applicable to Counterparty;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(g)</TD><TD>Counterparty has complied, and will comply at any time, with all disclosure or reporting requirements, if any, that may be relevant
to the Relevant Transaction in accordance with applicable legal or regulatory provisions or in accordance with any stock exchange regulation,
including disclosure requirements imposed under market abuse rules or legal and regulatory provisions relating to the transparency of
shareholdings of listed companies, it being understood that Counterparty shall make any required reporting obligations in connection with
the indirect acquisition of more than five per cent. of the issued share capital of the Issuer through this Relevant Transaction shortly
after the Second Share Purchase Settlement Date;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(h)</TD><TD>Counterparty is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and is
in good standing and has the power to execute, deliver and perform its obligations under the agreements described herein (and any other
related documents) and has taken all necessary action to authorise such execution, delivery and performance;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(i)</TD><TD>GS is not acting as a fiduciary for or an adviser to it in respect of the Relevant Transaction;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(j)</TD><TD>Neither Counterparty nor its Subsidiaries (and in each case, its directors and officers) are directors of or persons exercising managerial
responsibility over (or in each <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">case</FONT>, a person closely associated with
any of them) the Issuer, except that the chairman of the Counterparty, Mr. Fain&eacute;, is a non-executive vice chairman on the board
of directors of the Issuer and a vice-chairman of the executive committee of the board of directors to the Issuer;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(k)</TD><TD>Counterparty&rsquo;s acquisition of the Shares, (i) is intended by Counterparty to be &quot;friendly&quot;, (ii) is not intended by
Counterparty to form part of an unannounced acquisition of control of the Issuer or of a majority of ordinary shares in the Issuer, (iii)
does not constitute a current intention to make a takeover bid by Counterparty, (iv) is not being conducted with the purpose or effect
of changing or influencing control of the Issuer, and (v) is the only acquisition of ordinary shares in the Issuer currently taking place
on behalf of Counterparty, other than those that have been publicly disclosed by Counterparty as of the Trade Date, or where public disclosure
is not required, have been disclosed directly to GS, or that are being acquired from GS or otherwise with the consent of GS;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(l)</TD><TD>Counterparty represents to GS that it is a non-financial counterparty that does not meet the conditions set out in the second subparagraph
of Article 10(1) of Regulation (EU) No 648/2012 (as amended and/or supplemented, including, for the avoidance of doubt, by Regulation
(EU) 2019/834 of the European Parliament and of the Council of 20 May 2019);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(m)</TD><TD>the entry into the Transaction and performance of any obligation under the Transaction will not violate or conflict with any corporate
policy or other rules or regulations of the Issuer applicable to Counterparty, including, but not limited to, Issuer&rsquo;s window, blackout
or other similar period policy in each case, to the extent applicable to Counterparty; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55pt"></TD><TD STYLE="width: 35.45pt">(n)</TD><TD>Counterparty will publicly disclose the Second Sale and Purchase no later than 30 minutes prior to the scheduled opening time of the
Exchange on the first Exchange Business Day after the First Amendment Date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Additional GS Representations: </U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">For the purposes of Section 3 of the Agreement, GS represents and warrants
to Counterparty on the Trade Date that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(a)</TD><TD>in respect of the Transaction, it has implemented reasonable policies and procedures, taking into consideration the nature of its
business, to ensure that individuals making investment decisions would not violate the laws prohibiting trading on the basis of material
non-public information; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(b)</TD><TD>it is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and is in good standing
and has the power to execute, deliver and perform its obligations under the agreements described herein (and any other related documents)
and has taken all necessary action to authorise such execution, delivery and performance.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Credit Support Documents:</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">In relation to the Agreement: &ldquo;<B>Credit Support Document</B>&rdquo;
means, in relation to the Counterparty, the Share Pledge Agreement, the Account Pledge Agreement and the Account Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Counterparty Covenants:</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">An Event of Default under Section 5(a)(ii) of the Agreement with respect
to the Counterparty as the Defaulting Party shall be deemed to have occurred as soon as the Counterparty (or any of its Subsidiaries),
breaches any of the covenants set out below, without regard to any remedy or grace period set out in Section 5(a)(ii) of the Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Counterparty covenants that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(a)</TD><TD>other than as agreed between the parties or, in respect of up to 657,739 Shares, following receipt of any required regulatory approvals,
Counterparty will not and will procure that none of its Subsidiaries purchase or sell (in each case, whether directly or indirectly) Shares
during the period commencing on the Trade Date and ending on (and including) the Termination Date (the &quot;<B>Restricted Period</B>&quot;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(b)</TD><TD>other than as agreed between the parties or, in respect of up to 657,739 Shares, following receipt of any required regulatory approvals,
Counterparty will not and will procure that none of its Subsidiaries enter into any derivative transaction (being a call, put, forward
or swap or any combination thereof (howsoever described)) that references the Shares (any such transaction being referred to for these
purposes as a &quot;<B>Restricted Transaction</B>&quot;) during the Restricted Period;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(c)</TD><TD>Counterparty will for the term of the Transaction maintain its place of incorporation and domicile within the Kingdom of Spain; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(d)</TD><TD>if Counterparty disclosed to a bank or financial institution (other than GS) its intention to enter into a transaction having terms
or structure similar to this Transaction, Counterparty has obtained from that bank or financial institution an undertaking to the effect
that it will keep confidential its knowledge of Counterparty&rsquo;s intentions with regard to such transaction and the commercial terms
and structure of such transaction and that it will not use any such knowledge for its own benefit or for the benefit of any other person.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>ADDITIONAL DEFINITIONS: </U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">In this Confirmation:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;<B>Account Agreement</B>&rdquo; shall have the meaning given
to it in the Account Pledge Agreement;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&quot;<B>Account Pledge Agreement</B>&rdquo; means the deed (<I>p&oacute;liza</I>)
of pledge entered into on or about the Second Amendment Date between the Counterparty (as pledgor), GS (as the secured party) and CaixaBank,
S.A. (as the account bank) creating a security interest in favour of GS in respect of the Cash (as defined in the Account Pledge Agreement);</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;<B>ADRs</B>&rdquo; means American depositary receipts in respect
of the Shares;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&quot;<B>Share Pledge Agreement</B>&rdquo; means the deed (<I>p&oacute;liza</I>)
of pledge entered into on or about the Second Amendment Date between the Counterparty (as pledgor), GS (as the secured party) and CaixaBank,
S.A. (as custodian) creating a security interest in favour of GS in respect of the Pledged Shares (as defined in the Share Pledge Agreement);</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;<B>Subsidiary</B>&rdquo; means, in relation to an entity (the
&ldquo;<B>first person</B>&rdquo;), any entity directly controlled by that first person where control is determined by: (i) holding the
majority of the Voting Rights; (ii) having the power to appoint or dismiss the majority of the members of the governing body; (iii) being
able to dispose, by virtue of agreements entered into with third parties, of the majority of the Voting Rights; and (iv) having employed
its votes to appoint the majority of the members of the governing body who hold office at the moment when the consolidated accounts must
be drawn up and during the two business years immediately preceding. Additionally, the Voting Rights of the controlling company shall
be added to those it holds through other dependent companies, or through persons acting in its own name, but on account of the controlling
company, or other dependent ones, or those with which it has made arrangements through any other person; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;<B>Voting Rights</B>&rdquo; means the right generally to vote
at a general meeting of shareholders of the relevant entity (irrespective of whether or not, at the time, stock of any other class or
classes shall have, or might have, voting power by reason of the happening of any contingency).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Unless otherwise indicated we have acted as principal
    in respect of the Transaction. The time of execution of the Transaction is available on request.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Counterparty hereby agrees (a) to check this Confirmation
    (Reference No. to be separately provided) carefully and immediately upon receipt so that errors or discrepancies can be promptly identified
    and rectified and (b) to confirm that the foregoing (in the exact form provided by GS) correctly sets forth the terms of the agreement
    between GS and Counterparty in respect of the Transaction, by manually signing this Confirmation or this page thereof as evidence of agreement
    to such terms and providing any other information requested herein and immediately returning an executed copy to GS.</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Yours faithfully,</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>GOLDMAN SACHS INTERNATIONAL</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">By: <U>/s/ David Sprake&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Name:  David Sprake</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Title: Managing Director</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 54%">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Agreed and Accepted by</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>Criteria
    Caixa, S.A.U.</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">By: <U>/s/ &Aacute;ngel Sim&oacute;n Grimaldos&nbsp;&nbsp;&nbsp;</U></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Name: &Aacute;ngel
    Sim&oacute;n Grimaldos</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Title: CEO</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U></U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Annex 1 &ndash; Transaction
Schedule</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Annex 2 &ndash; Form of Transaction
Supplement</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Annex&nbsp;3 &ndash; Deliverables</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="margin: 0">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
