Company: BCDRF
Filing Date: 2025-02-25
Form Type: S-8
Source: 0000950103-25-002428
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-02-25
Form: S-8
Chunk 4
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| 107*             |     | Filing Fee Table                                                                                                                                                                                                                                                                                                                                                                                       |
| *Filed herewith. |     |                                                                                                                                                                                                                                                                                                                                                                                                        |

Item 9. Undertakings.

| (a) | The undersigned Registrant hereby undertakes: |

| (1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: |

| (i) | To include any prospectus required by Section 10(a)(3) of the Securities Act; |

| (ii) | To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent             
 post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth           
 in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total            
 dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated       
 maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate,        
 the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation 
 of Registration Fee” table in the effective Registration Statement;                                                                              |

| (iii) | To include any material information with respect to the Plans not previously disclosed in this Registration Statement or any material 
 change to such information in this Registration Statement;                                                                            |

provided, however, that paragraphs
(a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange
Act that are incorporated by reference in this Registration Statement.

| (2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to    
 be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be 
 deemed to be the initial bona fide offering thereof.                                                                                  |

| (3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the 
 termination of the offering.                                                                                                         |

| (b) | The unders