I/We agree to be bound by the following conditions:

1. I/We understand that the charge mentioned above will be debited from my/our account for the above arrangement; and for each payment requiring manual handling, a transaction charge will also be debited from my/our account.

2. I/We hereby authorise The Hongkong and Shanghai Banking Corporation Limited (the "Bank") to effect the standing instruction according to the above details.

3. I/We understand that I/we should maintain sufficient funds in the account one day before the payment date for the above arrangement and that a charge may be levied, at the Bank's discretion, on each standing instruction payment returned due to insufficient funds.

4. This standing instruction shall have effect until further notice or reach the total number of payment indicated above (whichever shall first occur).

5. I/We understand that the Bank will not be liable for any delay or failure to carry out the standing instructions where such delay or failure is attributable (whether directly or indirectly) to any cause beyond the Bank's control including any equipment malfunction or failure and under no circumstances shall the Bank be responsible to me/us or any consequential or indirect losses arising out of or in connection with the carrying out or otherwise of my/our instructions.

6. I/We agree that any notice of amendment of this instruction which I/we may give to the Bank shall be given at least 2 business days prior to the date on which such amendment is to take effect.