1.3 Conflicts In the event of any conflict between the provisions of this Agreement and the ISDA Framework Agreement, the Collateral Transfer Agreement or the Euroclear Agreements, the provisions of the ISDA Framework Agreement, the Collateral Transfer Agreement and the Euroclear Agreements (if any) shall prevail. In the event of any conflict between Section 22 (Other Terms) and the other provisions of this Agreement, Section 22 (Other Terms) shall prevail. 2. SECURITY 2.1 Security As collateral for the settlement and payment of secured liabilities, the securities lessor shall grant the security holder a senior pledge on the securities in accordance with the commercial privilege, the Financial Security Act and Royal Decree No. 62 and/or, where applicable, (i) the Law of 2. — the Law of 22 July 1991 on Treasury bills and certificates of deposit, or (iii) Articles 460 and 468 to 475b of the Belgian Companies Code and the Royal Decree of 12 January 2006 on dematerialised shares of companies; and transfers ownership (transfer of ownership as collateral/eigendomsoverdracht ten titel van zekerheid) to cash as collateral to the beneficiary in accordance with the Financial Security Act as collateral for the correct settlement of secured liabilities. The parties acknowledge that, notwithstanding the fact that the pledged cash account is identified as a pledged account, the security granted by the securityholder to the security holder on the cash forming part of the Euroclear guarantee takes the form of a transfer of ownership for collateral purposes. For the avoidance of doubt, this section 2.1 (Securities) shall be construed as establishing a security right in favour of the borrower in respect of the money in accordance with the Financial Security Act. 2.2 Euroclear Distributions The Securities Provider agrees that Euroclear distributions that are not transferred to it in accordance with paragraphs 3.5 (substitutions) and 5.6 (transfer of distributions) of the transfer of collateral may review important legal documents governing your relationship with us, including our terms and conditions, rules and operating procedures. 14 7 7. EXECUTION At any time, if an execution event has occurred and continues with respect to the securities provider, the securities taker may, in its sole discretion and without notice to the securities provider: (c) (d) enforce the pledging of the securities in accordance with section 8(1) of the Financial Collateral Protection Act by selling the securities (or any of them) by private sale, public or other auctions; and/or use the securities (or any of them) appropriately (appropriate/toe-own) in accordance with and in accordance with Article 8, 2 of the Financial Guarantees Act and offset their value by the amount of the guaranteed liabilities. The value of the collateral in the event of appropriation under this Section 7 (Performance) shall be equal to the intended use of such collateral at the time of approval of such collateral or as soon as reasonably practicable thereafter.

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