Common use of Master Clause in Contracts

Master. Katholieke Universiteit Leuven Faculty of Economics and Business Campus in Leuven, Bruxelles and Antwerp English C1 2 Bachelor and Master Minimum grade average: 28/30 Université de Liège HEC Liège French B2 or English B2.3 B2.4 1 Bachelor and Master Minimum grade average: 27/30 DENMARK Copenhagen Business School (CBS) One of the following certificates: -IELTS (minimum 7) -TOEFL (minimum 94 iBT) -Cambridge CAE (minimum 185) or CPE (minimum 185) 1 Bachelor and Master Students enrolled in English- taught degree programs are not required to submit official language certificates Total 1 ESTONIA Estonian Business School Tallinn English B2.3 B2.4 1 Finance and Banche e Intermediari Finanziari Total 1 ▇▇▇▇▇▇ School of Economics Campus in Helsinki English B2.3 B2.4 1 Bachelor, Economics, Finance Aalto University Helsinki English C1 1 Master Total 2 EDHEC Business School Campus in Lille and Nice English B2.3 B2.4 1 Finance, Banche e Intermediari Finanziari HEC School of Management – Paris French B2 or English C1 1 Bachelor and Master Sciences Po Paris Bachelor: French B2 Master: French C1 1 Bachelor and Master IESEG School of Management Campus in LILLE and PARIS English B2.3 B2.4 or French B1 1 Bachelor and Master Universität zu Köln Faculty of Management, Economics and Social Sciences English B2.3 B2.4 or German B2 1 Bachelor and Master ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ School of Management Vallendar English B2.3 B2.4 1 Master Frankfurt School of Finance & Management English C1 1 Master GERMANY Université du Luxembourg Faculté de Droit, d’Economie et Finance Bachelor: French B1 Master: English B2 2 Bachelor and Master

Master. Katholieke Universiteit Leuven Faculty of Economics and Business Campus in Leuven, Bruxelles and Antwerp English C1 2 1 Bachelor and Master Minimum grade average: 28/30 27/30 Université de Liège HEC Liège French B2 or English B2.3 B2.4 or French B2 1 Bachelor and Master DENMARK One of the following certificates: - IELTS (at least 7) - TOEFL (at least 94) - Cambridge C1 Advanced (at least 185) or C2 Proficiency (at least 185) - Duolingo English Test (at Copenhagen Business School least 130) Students enrolled in English-taught degree programs are not required to submit the above-mentioned official language certificates but must have a level of at least C1 1 Bachelor and Master Minimum grade average: 27/30 DENMARK Copenhagen Business School (CBS) One of the following certificates: -IELTS (minimum 7) -TOEFL (minimum 94 iBT) -Cambridge CAE (minimum 185) or CPE (minimum 185) 1 Bachelor and Master Students enrolled in English- taught degree programs are not required to submit official language certificates Total 1 ESTONIA Estonian Business School Tallinn English B2.3 B2.4 1 Finance and Banche e Intermediari Finanziari Total 1 ▇▇▇▇▇▇ Hanken School of Economics Campus in Helsinki English B2.3 B2.4 1 Bachelor, Applied Economics, Finance Aalto University Helsinki English C1 Total 1 Master Total 2 FRANCE EDHEC Business School Campus in Lille and Nice English B2.3 B2.4 1 2 Finance, Banche e Intermediari Finanziari HEC School of Management – Paris English C1 or French B2 or 1 Bachelor Minimum grade average: 27/30 HEC School of Management – Paris English C1 or French B2 1 Bachelor and Master Minimum grade average: 27/30 Sciences Po Paris Bachelor: French B2 Master: French C1 1 Bachelor and Master Minimum grade average: 27/30 Université Toulouse 1 Capitole School of Economics One of the following certificates: -IELTS (at least 6) -TOEFL (at least 79) -Cambridge B2 First, C1 Advanced, C2 Proficiency 1 Bachelor and Master IESEG School of Management Campus in LILLE Lille and PARIS Paris English B2.3 B2.4 or French B1 1 Bachelor and Master Universität zu Köln Faculty of Management, Economics and Social Sciences English B2.3 B2.4 or German B2 1 Bachelor and Master ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ WHU Otto Beisheim School of Management Vallendar English B2.3 B2.4 1 2 Master Frankfurt School of Finance & g Management English C1 B2.3 B2.4 1 Master GERMANY Université du Luxembourg Faculté de Droit, d’Economie et Finance Goethe University Faculty of Economics and Business English B2.3 B2.4 1 Bachelor: French B1 Master: English B2 2 Bachelor and Master

Master. Katholieke Universiteit Leuven Faculty of Economics and Business Campus in Leuven, Bruxelles and Antwerp English C1 2 1 Bachelor and Master Minimum grade average: 28/30 27/30 Université de Liège HEC Liège French B2 or English B2.3 B2.4 or French B2 1 Bachelor and Master DENMARK One of the following certificates: - IELTS (at least 7) - TOEFL (at least 94) - Cambridge C1 Advanced (at least 185) or C2 Proficiency (at least 185) - Duolingo English Test (at Copenhagen Business School least 130) Students enrolled in English-taught degree programs are not required to submit the above-mentioned official language certificates but must have a level of at least C1 1 Bachelor and Master Minimum grade average: 27/30 DENMARK Copenhagen Business School (CBS) One of the following certificates: -IELTS (minimum 7) -TOEFL (minimum 94 iBT) -Cambridge CAE (minimum 185) or CPE (minimum 185) 1 Bachelor and Master Students enrolled in English- taught degree programs are not required to submit official language certificates Total 1 ESTONIA Estonian Business School Tallinn English B2.3 B2.4 1 Finance and Banche e Intermediari Finanziari Total 1 ▇▇▇▇▇▇ School of Economics Campus in Helsinki English B2.3 B2.4 1 Bachelor, Applied Economics, Finance Aalto University Helsinki English C1 Total 1 Master Total 2 FRANCE EDHEC Business School Campus in Lille and Nice English B2.3 B2.4 1 2 Finance, Banche e Intermediari Finanziari HEC School of Management – Paris English C1 or French B2 or 1 Bachelor Minimum grade average: 27/30 HEC School of Management – Paris English C1 or French B2 1 Bachelor and Master Minimum grade average: 27/30 Sciences Po Paris Bachelor: French B2 Master: French C1 1 Bachelor and Master Minimum grade average: 27/30 Université Toulouse 1 Capitole School of Economics One of the following certificates: -IELTS (at least 6) -TOEFL (at least 79) -Cambridge B2 First, C1 Advanced, C2 Proficiency 1 Bachelor and Master IESEG School of Management Campus in LILLE Lille and PARIS Paris English B2.3 B2.4 or French B1 1 Bachelor and Master Universität zu Köln Faculty of Management, Economics and Social Sciences English B2.3 B2.4 or German B2 1 Bachelor and Master ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ School of Management Vallendar English B2.3 B2.4 1 2 Master Frankfurt School of Finance & g Management English C1 B2.3 B2.4 1 Master GERMANY Université du Luxembourg Faculté de Droit, d’Economie et Finance Goethe University Faculty of Economics and Business English B2.3 B2.4 1 Bachelor: French B1 Master: English B2 2 Bachelor and Master