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Company Information Terms of Use Use of materials on the Web Site Cookies Users’ Submissions Privacy Statement NOTE TO CHILDREN NOTE TO PARENTS Disclaimer Trademark Notice Copyright Notice Links & Linking Termination Limitation of Liability General Provisions Applicable Law & Jurisdiction

Company Information Welcome to the internet Website (« Web Site ») Institute of Swiss Watchmaking’s (hereinafter referred to as “IOSW”) and its schools, the North American Institute of Swiss Watchmaking (“NAIOSW “) and the Institute of Swiss Watchmaking (“HKIOSW “), produced by Richemont International S.A. (“Richemont”) on its behalf.

Publisher: Richemont International SA, Rte des Biches, 1752 Villars‐sur‐Glâne, Switzerland

Editors For NAIOSW : Stanley McMahan, North American Institute of Swiss Watchmaking, 15100 Trinity Blvd #300, Fort Worth TX 76155, US.

For HKIOSW: Michael Sampson, Hong Kong Institute of Swiss Watchmaking Ltd., 21 F 909 Road, , Hong Kong

General Enquiries : North American Institute of Swiss Watchmaking 15100 Trinity Blvd #300 Fort Worth, TX 76155 USA [email protected]

Tel : +1 817.785.2398, Fax : +1 817.785.2389

Hong Kong Institute of Swiss Watchmaking Ltd. 21F, 909 Cheung Sha Wan Road, Kowloon, Hong Kong e‐mail:[email protected]

Tel: +852 31805684, Fax: +852 2973 0660 Hosting service: Richemont International S.A., Technical Centre, Villars‐sur‐Glâne, Switzerland

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TERMS AND CONDITIONS OF USE Use of this Web Site is subject to the following terms and conditions (ʺTermsʺ). IOSW may revise these Terms from time to time by updating this posting, with the revised Terms taking effect for all Users as of the date stated on the posting. Consequently, Users should consult the Terms regularly.

Please read these Terms carefully before using the Web Site. Users expressly acknowledge that they are aware of these Terms and have had access to the same upon entering the Web Site. Consequently, by using the Web Site, Users signify their assent and agreement to these Terms. If User does not agree to these Terms, then User is not authorised to continue consultation and access of the Web Site.

Use of Materials on this Web Site Richemont has created this Web Site to provide information about IOSW and its schools, NAIOSW and HKIOSW. Users may download one computer copy or print one copy of the material on this Web Site for their own non‐commercial, educational, private or domestic use only, provided that proprietary notices, in particular intellectual property notices such as copyright©, trademark™ are preserved in tact and are not modified, deleted or changed. Unless otherwise stated, Users should assume that everything they see or read on the Web Site (such as images, photographs, including any person represented in the photographs, illustrations, icons, texts, video clips, written and other materials) (ʺIOSW Materialʺ) are protected by legislation such as copyright, designs and trademark legislation and under international treaty provisions and national laws worldwide.

Users are not authorised to sell, reproduce, distribute, modify, display, publicly perform, report or otherwise prepare derivative or second hand works based on or use any IOSW Material in any way for any public or commercial purposes. Furthermore, IOSW Material may not be displayed or communicated on any other web site, in a networked computer environment or other digital support for any purpose whatsoever. In the event of breach of any of these Terms, Users’ permission to use IOSW Material will automatically terminate and any copies made of IOSW Material must be immediately destroyed. Any unauthorised use of IOSW Material may infringe copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes.

Cookies In order to provide certain services we use Cookies. These are small text files that the Web Site transfers to a Web Site user’s browser for added functionality or for tracking Web site usage. These are saved to the browser only and disappear when the browser is closed. We use permanent Cookies when you choose your preferences. These are retained on your computer. You can reject Cookies using your browser preferences or settings. Should you require help, please look for the information in your browser “Help”. Please note that by deactivating Cookies, we may not be able to provide the services requested or you may have to re‐register each time you visit the Web Site.

Users’ Submissions Any unsolicited communication or material Users transmit to IOSW via the Web Site, by electronic mail or otherwise, excluding Personal Information about themselves, including, but not limited to, any data, questions or answers, comments, suggestions, or the like will be treated as non‐confidential and non‐proprietary by IOSW. By sending communications to IOSW, Users automatically grant IOSW a worldwide, royalty‐free, perpetual, irrevocable non‐exclusive license to use, reproduce, modify, publish, edit, translate, distribute, perform, and display such communication(s) alone, or as a part of other works in any form, media, or technology whether now known of hereafter developed and to sublicense such rights to anyone. Anything Users transmit may be used by IOSW and its affiliated companies for any purpose, including but not limited to reproduction, disclosure, transmission, 3 publication, broadcast and posting, or developing, manufacturing and marketing products using such information.

Privacy Statement Privacy is important to IOSW and its schools. It is committed to protecting your privacy in conformity with the high standards of protection to which it is committed. If you are submitting an application, please ensure that you read our Application Statement regarding Student Applications.

NOTE TO CHILDREN Children who are under age (minors), should not send any information about themselves or their friends and should not register for any of the IOSW on‐line services or make applications to its schools, nor should they make requests to receive further information from IOSW by clicking consent or request buttons on the Web Site. Should we discover or be informed that a child has registered his/her or another child’s personal details, we will delete such information from our records.

NOTE TO PARENTS. IOSW and its schools will not intentionally collect personally identifiable information from children under age. If you, as a parent or legal guardian are concerned that your child has registered for one of our services, wish to cancel your child’s registration and have all details deleted, please contact us by e‐mail: [email protected] if in North America or [email protected] if in Asia or write to us at the one of the addresses above providing official documents proving parental or guardian status.

Any personally identifiable information such as your name, address, contact numbers and preferences etc. (hereinafter referred to as “Personal Information”) you make available to IOSW and/or its schools is done so voluntarily, with your knowledge and consent when making a request, submission, registration for services from IOSW or an application to either NAIOSW or HKIOSW. Registration forms contain both mandatory fields (indicated with an asterisk (*)) and non‐mandatory fields; if you choose not to complete the mandatory fields then IOSW may not be able to respond to your request or activate your option choices.

Requests for information made by telephone may be recorded for quality control and to ensure the accuracy of your Personal Information.

Personal Information provided to us by you will be made available for joint use by duly authorised IOSW personnel, notably NAIOSW or HKIOSW, and Richemont and occasionally to other persons or companies who carry out operations in relation to the IOSW schools. Some of these companies are located outside North America and/or Hong Kong and consequently Users accept that their Personal Information may be either imported or transferred abroad. However, all such persons/companies are subject to confidentiality agreements and to the strict respect of your privacy in accordance with applicable legislation. The Personal Information made available by you will be used to provide the requested services and may be used both for marketing research purposes relating to IOSW and/or its schools and to provide information to you.

Other than as stated above or in the Student Application Statement where applicable, IOSW and its schools will not use Personal Information for unsolicited communications. We do not sell, rent or otherwise make available any Personal Information submitted to us to other third parties unless it is to our business partners, our legal advisors or where so required by law or a court decision. IOSW and its schools will use its best endeavours to ensure that your Personal Information is kept secure at all times.

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To help us keep your information up to date, please let us know of any changes in your Personal Information. If you have registered for an e‐mail service you no longer wish to receive, you can opt‐ out through an automated service by following the instructions at the end of all e‐mails.

Alternatively, requests to correct or amend Personal Information can be sent by e‐mail to: [email protected] if in North America or [email protected] if in Asia or by writing to us at the one of the addresses above

Following your request, IOSW and/or NAIOSW or HKIOSW will amend or remove your Personal Information.

From time to time, IOSW may amend this Privacy Statement in accordance with modified legislative obligations and IOSW’s objectives.

IOSW trusts that its Privacy Statement demonstrates its commitment to managing your Personal Information in accordance with current legislative obligations in such a way as to fully protect your privacy.

Disclaimer The information on the Web Site is intended for general information purposes only. IOSW and its schools try to ensure that the information provided is accurate and complete. However, IOSW does not warrant or represent that IOSW Material is accurate, error‐free or reliable or that use of IOSW Material will not infringe rights of third parties. Use of the Web Site is at Users’ risk.

IOSW and Richemont do not warrant that the functional and/or technical aspects of the Web Site or the IOSW Material will be error free or that this Web Site, IOSW Material, Materials provided by NAIOSW or HKIOSW or the Richemont server that makes it available are free of viruses or other harmful components. If use of this Web Site, or IOSW Material results in the need for servicing or replacing property, material, equipment or data, IOSW, NAIOSW, HKIOSW and/or Richemont are not responsible for those costs. Without limiting the foregoing, everything on the Web Site is provided to Users ʺAS ISʺ AND ʺAS AVAILABLEʺ WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, REASONABLE CARE AND SKILL, OR NON‐INFRINGEMENT. IOSW its schools, Richemont and/or its suppliers make no warranties about the Web Site, IOSW Material, software text, downloads, graphics, and links, or about results to be obtained from using the Web Site. Please note that some jurisdictions may not allow the exclusion of implied warranties, consequently some of the above exclusions may not apply.

Trademark Notice In general, all trademarks, logos and service marks (collectively the ʺTrademarksʺ) that appear on this Web Site are registered, unregistered or otherwise protected IOSW trademarks or are licensed for use by IOSW by third parties. Other trademarks that may appear are proprietary marks and are registered to their respective owners. Nothing contained on the Web Site should be construed as granting, by implication or otherwise, any license or right to use any trademark displayed on this Web Site without IOSW’s prior written permission or that of such third party who owns the trademark. Misuse of any trademark displayed on the Web Site is strictly prohibited.

Copyright Notice All contents of this Web Site are either Copyright © RICHEMONT 2009 or are licensed for use by 5

RICHEMONT/IOSW. All rights reserved. Please refer to the section of these Terms on Use of Materials on this Web Site above.

Links & Linking Links provided for User’s convenience to other web sites operated by third parties not affiliated to IOSW may be indicated on the Web Site. The inclusion of any link to such third party web sites does not imply endorsement by IOSW of those web sites. IOSW has not and cannot review all of these third party web sites and is not responsible for the content or accuracy of any information provided by them. Consequently, linking to any other off‐site pages or third party web sites is at Users’ own risk.

IOSW does not authorise linking to its Web Site from a third party web site without its express prior written authorisation.

Termination Users agree that IOSW may terminate Users’ access to and use of the Web Site if IOSW reasonably believes that Users have violated or acted inconsistently with the letter or spirit of this Agreement, or violated the rights of IOSW or any third party, or for any reason with or without notice to User. Users agree that IOSW may modify or discontinue this Web Site, with or without notice to them. Users agree that IOSW will not be liable to them or any third party as a result of such modification or discontinuation. The provisions entitled ʺDisclaimer,ʺ ʺLimitation of Liability,ʺ and ʺGeneral Provisionsʺ will survive termination of these Terms.

Limitation of Liability Under no circumstances whatsoever shall IOSW, NAIOSW, HKIOSW or Richemont be liable for any loss arising out of or in connection with the use of information available from this Web Site whether direct or indirect including, without limitation, any liability relating to any loss of use, interruption of business, lost profits or lost data, or incidental, special or consequential damages of any kind regardless of the form of action, whether in contract, tort (including negligence) or otherwise, even if IOSW, NAIOSW, HKIOSW and/or Richemont have been advised of the possibility of such damages. Because some states and countries do not allow the exclusion or limitation of liability for consequential or incidental damages, the above limitation may not be operable.

General Provisions Unless otherwise specified, the information and materials in the site are presented solely for the purpose of promoting IOSW’s services. IOSW, NAIOSW, HKIOSW or Richemont make no representation that IOSW Material is appropriate or available for use in every country of the world. Users use this Web Site at their own risk and are responsible for compliance with applicable local laws, keeping in mind that access to IOSW Material may not be legal by certain persons or in certain countries. Any cause of action a User may have with respect to this Web Site must be commenced within two years after the claim or cause of action arises.

Applicable law and Jurisdiction These Terms shall be exclusively governed by the laws of Switzerland without regard to its conflicts of law provisions. The competent courts of the Republic and Canton of Geneva, Switzerland shall have exclusive jurisdiction over any differences or disputes arising out of or in connection with these Terms. The waiver by IOSW of a breach of any provision of these Terms will not operate to be interpreted as a waiver of any other or subsequent breach.

Posting: June 2009