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| 1. | Conditions of Play

| (a) | Applicable for all Principal Visa Signature cardholders in Asia Pacific.

| | (b) | 200 Worldwide Access is valid from 1 January 2010 to 31 December 2010.

| | (c) | Principal Visa Signature cardholders enjoy discounted green fees to 200 golf clubs on weekdays and selected golf clubs on weekends.

| | (d) | There is a minimum of 3 golfers per flight on weekdays and a minimum of 4 golfers per flight on weekends.

| | (e) | Combination bookings are not allowed. |
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| 2. | Reservations
 Principal Visa Signature cardholders will not be granted access rights to the clubs without prior bookings through Visa Signature Customer Service/Member Bank/OAAG.

| (a) | All golf enquires and bookings must be made through Visa Signature Customer Service/Member Bank/OAAG.

| | (b) | Golf clubs will not entertain any correspondence/enquires and/or attempts for bookings from Principal Visa Signature cardholders when they contact the golf clubs directly.

| | (c) | Weekday bookings must be done at least 4 working days in advance.

| | (d) | Weekend bookings must be done at least 8 working days in advance.

| | (e) | Acceptance of all bookings/changes to tee times will be at the discretion of the clubs and are subject to availability.
| | (f) | A club member cannot make a booking directly at the club and transfer the confirmed tee time over to the Principal Visa Signature cardholders.

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| 3. | Fees and Charges

| (a) | Discounts on green fees for Principal Visa Signature cardholders will be absorbed by Visa.

| | (b) | Discounts on green fees for guest(s) will be absorbed by Visa.

| | (c) | Guests enjoy discounted green fee rates which are lower than walk-in green fee rates.

| | (d) | Golfers will need to pay weekend rates for bookings made on a public holiday.

| | (e) | Golf rates quoted are to be borne by the Principal Visa Signature cardholder and his/her guest(s).

| | (f) | Principal Visa Signature cardholders and guests have to pay for buggy, caddie, turfmate, locker fee and insurance at normal published rates at the club where applicable.

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| 4. | Cancellation/Changes

| (a) | Cancellation and amendment fees apply.

| | (b) | There will be no rain check.

| | (c) | There is an amendment fee of SGD 20 (or local currency of play) for any changes made to the confirmed golf booking such as amendments to tee-times and change of date of play.

| | (d) | Cancellation fees will be charged directly to the Principal Visa Signature credit card account. |  | Cancellation Policy - Weekdays

| | - | Any changes and cancellation for weekday bookings must be made 3 working days in advance prior to tee-off date.

| | - | The following cancellation charges will apply to the Principal Visa Signature cardholders and their guest(s):

| • | 50% of the total chargeable amount* will be charged for cancellations made 2 working days before tee-off date.

| | • | 100% of the total chargeable amount* will be charged for cancellations made 1 working day before tee-off date, no-show or late arrivals. |
|  | Cancellation Policy - Weekends

| | - | Any changes and cancellation for weekday bookings must be made 4 working days in advance prior to tee-off date.

| | - | The following cancellation charges will apply to the Principal Visa Signature cardholders and their guest(s):

| • | 50% of the total chargeable amount* will be charged for cancellations made 3 working days before tee-off date.

| | • | 75% of the total chargeable amount* will be charged for cancellations made 2 working days before tee-off date.

| | • | 100% of the total chargeable amount* will be charged for cancellations made 1 working day before tee-off date, no-show or late arrivals. |
|  | | * | total chargeable amount includes green fee, buggy fee, caddy fee, turfmate fee, insurance and locker at normal published rates at the golf clubs where applicable |
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| 5. | Payment

| (a) | All payments for the Principal Visa Signature cardholder and guests must be made upon booking and charged to the Principal Visa Signature credit card.

| | (b) | All charges will be made in the local currency of play.
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| 6. | Miscellaneous

| (a) | Golfers must have a valid handicap.

| | (b) | The Visa Signature golf program is valid for golf rounds only. Principal Visa Signature cardholders and their guests will not have access to the other recreational facilities at the golf club.

| | (c) | The Visa Signature golf program is not to be regarded as a golf club membership.

| | (d) | To the fullest extent permissible by law, each participating Principal Visa Signature cardholder releases Visa/OAAG/the respective golf clubs from any claim, loss, damage, cost or expense (including any claim for legal expenses) sustained or incurred by him/her in connection with their participation in the Visa Signature golf program.

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