Common use of London Stock Exchange Clause in Contracts

London Stock Exchange. Where a CFD and/or spread betting provider is liable for full fees in respect of both its proprietary non-display and redistribution operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. For the avoidance of doubt this discount is restricted to only be applicable in respect of each Customer when each Customer operates both non- display and redistribution Data functions. Borsa Italiana Where a CFD and/or spread betting provider is liable for full redistribution license fees in respect of its proprietary operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. SCHEDULE C: REPORTING ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 2.2 1/01/2014

London Stock Exchange. Where a CFD and/or spread betting provider is liable for full fees in respect of both its proprietary non-display and redistribution operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. For the avoidance of doubt this discount is restricted to only be applicable in respect of each Customer when each Customer operates both non- display and redistribution Data functions. Borsa Italiana Where a CFD and/or spread betting provider is liable for full redistribution license fees in respect of its proprietary operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. SCHEDULE C: REPORTING ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 2.2 1/01/20142.3 1/07/2015

London Stock Exchange. Where a CFD and/or spread betting provider is liable for full fees in respect of both its proprietary non-display and redistribution operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. For the avoidance of doubt this discount is restricted to only be applicable in respect of each Customer when each Customer operates both non- display and redistribution Data functions. Borsa Italiana Where a CFD and/or spread betting provider is liable for full redistribution license fees in respect of its proprietary operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. SCHEDULE C: , REPORTING ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 2.2 1/01/20142.1 1/7/2013

London Stock Exchange. Where a CFD and/or spread betting provider is liable for full fees in respect of both its proprietary non-display and redistribution operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. For the avoidance of doubt this discount is restricted to only be applicable in respect of each Customer when each Customer operates both non- display and redistribution Data functions. Borsa Italiana Where a CFD and/or spread betting provider is liable for full redistribution license fees in respect of its proprietary operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. SCHEDULE C: , REPORTING ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 2.2 1/01/20142.1 1/07/2013

London Stock Exchange. Where a CFD and/or spread betting provider is liable for full fees in respect of both its proprietary non-display and redistribution operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. For the avoidance of doubt this discount is restricted to only be applicable in respect of each Customer when each Customer operates both non- display and redistribution Data functions. Borsa Italiana Where a CFD and/or spread betting provider is liable for full redistribution license fees in respect of its proprietary operations, the same provider is entitled to a 70% discount on similar fees it may additionally incur in its capacity as a CFD and/or spread betting service provider to other Customers. SCHEDULE C: , REPORTING ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 2.2 1/01/20142.0 15/05/2012