**Exhibit      4A.5**

**SERVICE      PARTICIPANT OPERATING CONTRACT**

**FOR      THE*“CAMARA DE COMPENSACION DE PAGOS***

***DE      ALTO      VALOR”* (HIGH VALUE PAYMENTS**

**CLEARING      HOUSE)**

**COMBANC**
**Banco      Santander-Chile**
**Participant**

| **1.** | **GENERAL              BACKGROUND** |
|--------|-------------------------------------|
|   |   |
|--------|--------|
| 1.1 | **ComBanc**                is a corporation organized and existing under the laws of the Republic                of                Chile as a banking support institution, whose line of business is                providing payment clearance and remittance services and the undertaking                of                activities allied with or supplementary to the banking support                business. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | The                company is                governed by Chapter III.H.5 of the Compendium of Financial Rules&                Regulations of the Banco Central de Chile, and by the corresponding                regulations of the Office of the Superintendent of Banks and Financial                Institutions. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | On                June 2,                2005, it was authorized to operate a *Cámara de Compensación de Pagos                de Alto Valor* (High Value Payments Clearing House), and to provide                the service which is the subject of this                agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | **ComBanc**                has developed, and is the holder of a usage license for, a high value                payment clearance and remittance system, which among other functionalities                provides the **Participants** with a safe, secure and                expeditious electronic medium for making those payments, which on                their                own behalf or that of third parties, must be made to the other                **Participants**, and to pay and otherwise settle the                remittance in the Real Time Gross Payment System of the Banco Central                de                Chile (the “RTGP System”). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.5 | The                **Participant,** for its part, declares that it has the                technological capability, the infrastructure and the staff necessary                for                receiving the **ComBanc** services, in accordance with what                is set forth in the present                agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.** | **ADHERENCE                TO THE OPERATING RULES OF THE HIGH VALUE PAYMENTS CLEARING                HOUSE** |
|--------|--------------------------------------------------------------------------------------------------------------|

| 2.1 | The                **Participant** hereby expressly declares that it shall abide                by the “Operating Rules and Regulations of the Sociedad Operadora de la                Cámara de Compensación de Pagos de Alto Valor, S.A.” (the “Regulations”),                adhering to the laws governing it and any amendments that may be                made to                such laws. Consequently, the **Participant** declares that                any and all operations conducted through the Clearing House operated                by                **ComBanc** shall be governed fully by said                Regulations. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | **ComBanc**                herein delivers to the **Participant** one copy of the                Regulations, and the latter declares that it has received these                Regulations, that it is fully knowledgeable of the contents thereof,                and                that they are within the scope of its                operations. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.                  DEFINITIONS**

| 3.1 | For                purposes                of this agreement, the parties agree to apply the definitions given                in                Appendix 9, Glossary, of the                Regulations. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**4.             PURPOSE      OF THE CONTRACT**

| 4.1 | This                instrument sets forth the terms, conditions, rights, obligations                and                responsibilities that will govern the reciprocal relations of the                parties,                so that **ComBanc** can provide the subject high value                payment clearance and remittance                service. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.** | **GENERAL                DESCRIPTION OF THE HIGH VALUE PAYMENT CLEARANCE AND REMITTANCE                SERVICE** |
|--------|------------------------------------------------------------------------------------------------------------------|

| 5.1 | The                detailed                description of the high value payment clearance and remittance service                is                found in the Regulations. Without prejudice thereto, a summary of                this                operation is given below: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | The                high value                payment clearance and remittance service is provided within a clearing                house (the “Clearing House”), which allows for remittance in real time,                bilaterally and multilaterally, of payment orders issued by the                **Participants**. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.3 | The                Clearing                House has a risk management model that is composed of the following                elements. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| a. | Bilateral                and                multilateral limits that delimit the **Participants’** risk                exposure; |
|----|----------------------------------------------------------------------------------------------------------------------------------------|

| b. | The                availability of DAES funds that back up the **Participants’**                obligations within the Clearing House;                and |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | A                Mandatory                Financing Agreement, hereinafter the “MFA”, which irrevocably obligates                the **Participants** to have the necessary financing to cover                at least 1.15 times the highest Multilateral Net Debtor                Position. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | The                settlement                of the results of the Clearing House remittance(s) is made at the                end of                the day in the RTGP system operated by the Banco Central de                Chile. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **6.** | **HIGH                VALUE PAYMENTS CLEARING HOUSE* *DEPOSIT ACCOUNT FOR                EXTRAORDINARY SETTLEMENT                (“DAES”)** |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1 | In                order to                participate in the Clearing House, the **Participant** agrees                to apply to the Banco Central de Chile (BCCH) for the opening of                a High                Value Payments Clearing House* *Deposit Account for                Extraordinary Settlement (“DAES”). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | The                funds                established in the DAES may be used only for the Clearing House’s special                Settlement Procedure, upon request of **ComBanc**, who will                act on behalf and in representation of the                **Participant**. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | The                procedure                for the daily establishment of funds in this account, its method                of                utilization and restitution, is governed by Chapter 7, “Risk Management                and Control in Payment and Settlement Processes”, and by Chapter 10,                “Special or Extraordinary Settlement Procedure”, as well as by Appendix 7,                “Mandatory Financing Agreement”, of the                Regulations. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**7.                  IRREVOCABILITY**

| 7.1 | The                parties                expressly agree that once payment orders are accepted into the Clearing                House, they shall be considered |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**           **

|   | final                and                irrevocable, and may not under any pretext be modified or invalidated                by                the issuing **Participant**. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **8.** | **OBLIGATIONS** |
|--------|-----------------|
|   |   |
|--------|--------|
| 8.1 | **ComBanc**                must comply strictly with the obligations established in the Regulations,                in the present agreement and its Appendices, and with any rules,                regulations and the like issued by the Banco Central de Chile and                the                Office of the Superintendent of Banks and Financial                Institutions. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ComBanc**

| a. | To                verify that                the **Participants** have established the Bilateral Limits                corresponding to a Business Cycle; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | To                calculate                the Multilateral Limit corresponding to each **Participant**                in a Business Cycle; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------|

| c. | To                verify that                the **Participants** have established the corresponding                Mandatory and Voluntary Deposits; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| d. | To                comply with                the participation rules of a Business                Cycle; |
|----|----------------------------------------------------------------------------------------------------------|

| e. | To                receive and                validate the Payment Orders sent by the **Participants** for                remittance; |
|----|--------------------------------------------------------------------------------------------------------------------------------------|

| f. | To                pay                bilaterally and multilaterally the Payment Orders issued by the                **Participants**, in conformity with Articles 1.655 et seq.                of the Civil Code, and further in accordance with the regulations                established by the Banco Central de Chile, to the extent that these                regulations are in accordance with the limits established in Chapter                7,                “Risk Management and Control in Payment and Settlement Processes” of the                Regulations. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g. | To                keep the                **Participants** informed with respect to all of their                positions; |
|----|----------------------------------------------------------------------------------------------------------------------------|

| h. | To                communicate                to the Banco Central de Chile the results of the payment for purposes                of                settlement within the RTGP system; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i. | To                apply the                Mandatory Financing Agreement in the case set forth in Chapter 10,                “Special or Extraordinary Settlement Procedure”, and Appendix 7,                “Mandatory Financing Agreement”, of the                Regulations. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| j. | To                assess the                penalties provided for in the                Regulations. |
|----|-------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 8.3  | Other              **ComBanc** obligations: |
|-----------|---------------------------------------------|

----

| a. | To                offer and                maintain a proper and adequate infrastructure that will properly                provide                the high value payment clearance and remittance                service; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | To                have                available at all times the necessary elements, equipment and staff                for                maintaining the continuity and effectiveness of the high value payment                clearance and remittance services; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | The                **Participant**must comply strictly with the obligations                established in the Regulations, in the present agreement and its                Appendices, and in any rules, regulations and the like issued by                the Banco                Central de Chile and the Office of the Superintendent of Banks and                Financial Institutions. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 8.5 |  More              specifically, the obligations of the **Participant** are as              follows: |
|-----|-----------------------------------------------------------------------------------------------------------|

| a. | To                make                available during all hours of operation its systems and a properly                trained                staff for correctly performing and completing the tasks associated                with                the high value payment clearance and remittance                services; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | To                formally                appoint all Authorized Agents to act before **ComBanc**. In                addition, the **Participant** must advise of any changes in                such authorized agents in a timely                fashion. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | To                designate                the security managers for those applications provided by                **ComBanc**. |
|----|---------------------------------------------------------------------------------------------------------------------------------|

| d. | To                contract                the communications networks and cover the cost of maintaining                them. |
|----|------------------------------------------------------------------------------------------------------------------------------|

| e. | To                pay the                service fee in accordance with the provisions of Appendix No. 3,“Fee                System”. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **9.** | **RESPONSIBILITIES** |
|--------|----------------------|

| 9.1 | Without                prejudice to the responsibilities set forth in the Regulations, in                the                present agreement and its Appendices that are incumbent upon each                party,                the parties expressly agree upon the                following: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 9.2 | **ComBanc**              shall be solely responsible for: |
|-----|-----------------------------------------------------------|

| a. | Receiving,                processing and reporting, as appropriate, each and every one of the                payment orders that it receives from the **Participants**,                and in each case guaranteeing their timely and safe                processing. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | Ensuring                the                integrity and authenticity of every message that is                sent. |
|----|---------------------------------------------------------------------------------------------------------------------|

----

| c. | Complying                with                both current and future rules issued by the Banco Central de Chile                or the                Office of the Superintendent of Banks and Financial Institutions                governing                the operation of clearing houses. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 9.3 | The              **Participant** shall be solely responsible              for: |
|-----|--------------------------------------------------------------------------------|

| a. | Ensuring                the                integrity and authenticity of every message that it                sends; |
|----|----------------------------------------------------------------------------------------------------------------------|

| b. | Complying                with                the provisions established in this agreement, in the Regulations,                and with                any current and future rules issued by the Banco Central de Chile                and the                Office of the Superintendent of Banks and Financial Institutions                with                respect to the high value payment clearance and remittance                services. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | Both                **ComBanc** and the **Participant** shall be                individually and independently liable for any damages and losses                that                either of them cause third-parties through the non-performance of                any the                obligations that are stipulated in this agreement and its Appendices                or in                the Regulations, which derive from its sole negligence or the actions                or                omissions of any of its employees, advisors or sub-contractors, or                which                are caused by objects or assets or property used by it or under its                care                and custody. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.5 | The                **Participant** and **ComBanc** shall be                individually liable for any damages and losses caused their respective                employees, advisors or sub-contractors through negligence, fraud,                or                improper or erroneous use of the high value payment clearance and                remittance service. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | In                no case may                the parties claim from each other payment of indemnities for losses                that                they may experience because of the negligence or fraud of other                **Participants** or of any third-party. Without prejudice to                the foregoing, the parties shall cooperate and put forth their best                efforts possible to have the party causing the damage or loss to                be held                accountable for it. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **10.** | **EXEMPTION              FROM LIABILITY** |
|---------|-------------------------------------------|
|   |   |
|--------|--------|
| 10.1 | **ComBanc**                is released from any liability for any losses caused directly or                indirectly, whether through erroneous, improper or fraudulent use                of the                **Participant’s** identifying codes and its respective access                keys to the computer system through which the **Participant**                accesses the **ComBanc** systems. This release includes any                type of loss that might result, whether monetary or                otherwise. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
**    **

----

| 10.2 | In                the same                way, the hardware, programs and computer applications administered                by                **ComBanc** are tools for data processing that by their very                nature are subject to failures, whether because of ordinary functioning,                maintenance, or development. In view of the foregoing, the                **Participant** must take the necessary preventive measures                that are customary in computing activities in order to avoid any                failures                that might result in some type of damage or loss, whether to itself                or                others, and shall make available the necessary back-ups and will                establish                the appropriate methods and designs for verifying the results thereof;                **ComBanc** shall assume no liability for any damages or                losses stemming from the direct or indirect use or operation of the                aforementioned hardware, programs and                applications. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Both                **ComBanc** and the **Participant** shall be                exempt from all liability and released from the performance of their                respective obligations if the contracted service cannot be maintained                or                operated because of reasons of force majeure or acts of God, such                as                earthquakes, electric and/or telephone and/or data transmission line                outages, third-party acts intervening against public and/or private                networks, acts of terrorism, strikes or other similar labor                actions. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | The                **Participant** hereby waives any action, claim or legal                proceeding against **ComBanc** for damages or losses, whether                material and/or immaterial, expenses or costs, with respect to what                is                indicated in numeral 10.2 above. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **11.  ** | **AUTHORIZED                AGENT** |
|---------------------|-------------------------------------|
|   |   |
|--------|--------|
| 11.1 | Any                  instructions sent to **ComBanc** by the                  **Participant’s** Authorized Agent(s) shall be understood for                  all due and legal purposes as having been formulated and sent by                  the                  **Participant**. In view of the foregoing, the                  **Participant** agrees that it is its exclusive obligation to                  monitor the compliance of its authorized agent(s) with regard to                  the                  provisions of this agreement and the                  Regulations. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **12.** | **OPERATING                RULES AND REQUIREMENTS.** |
|---------|------------------------------------------------------|
|   |   |
|--------|--------|
|   | Without                  prejudice to what is indicated in the Appendices to this agreement,                  the                  parties undertake to comply with the following rules and requirements                  necessary for the proper operation of the                  service: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 12.1 | SWIFT                Messaging: Payment orders issued by the **Participant**                and received by **ComBanc**, as well as messages between both                parties |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | deriving                from                the processing of the aforementioned payment orders, shall be transmitted                via SWIFT messaging, of which the parties declare to be fully                knowledgeable and declare this is within the scope of its operations.                The                technical specifications of this messaging system are given in Appendix                No. 5, “Message Formats”. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 12.2 | Information                for the **Participant**:**ComBanc** shall provide real time information on the                **Participant**’s transactions, the characteristics and                definitions of which are found in Appendix 4, “Participant’s Operating                Instructions”. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | Systems:                The equipment of each party through which the subject services are                this                agreement are provided, must ensure the continuity of those                services. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.4 | Schedules:              Will be those established in the Regulations. |
|------|-----------------------------------------------------------------------|
|   |   |
|--------|--------|
| 12.5 | Security:                The **Participant** will gain access to the Clearing House                systems by using access keys and digital identification codes. Obtaining,                handling, use and custody of these codes and logins fall under the                exclusive responsibility of the                **Participant**. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
|   |   |
|--------|--------|
| **13. ** | **APPENDICES** |
|---------------|----------------|
|   |   |
|--------|--------|
| 13.1    | The              following              Appendices form part of this agreement: |
|------------------------|---------------------------------------------------------------------------------|

| ·   | Appendix                No.                1, “Operating Regulations of the Sociedad Operadora de la Cámara de                Compensación de Pagos de Alto Valor                S.A.” |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Appendix                No.                2, “Operating Mandate, Deposit Account for Extraordinary or Special                Settlement and Promissory Note                Subscription” |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Appendix                No.                3, “Fee System” |
|--------------------|------------------------------------------------------------------------|

| ·   | Appendix                No.                4, “Operating Instructions for                Participants” |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | Appendix                No.                5, “Message Format” |
|--------------------|----------------------------------------------------------------------------|

| 13.2 | The                Appendices                indicated above form an integral part of this agreement, and the                parties                hereto declare that they are fully knowledgeable of the contents                of those                Appendices and accept them, and moreover given that they fall within                their                operating domains, they undertake to comply in full with the contents                thereof. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3 | The                parties                expressly state that Appendices 3, 4 and 5 may be modified by                **ComBanc**, who must                advise |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | the                **Participant** of any such modification at least fifteen                days in advance of such modification’s                effectiveness. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**14.         STAFF**

| 14.1 | The                staff                required for operating the high value payment clearance and remittance                service shall fall under the exclusive responsibility of                **ComBanc** insofar as concerns the providing of the services                offered by it. On its part, the **Participant** shall be                exclusively responsible for its staff that is assigned to do what                is                necessary for receiving and facilitating the services that will be                rendered to it by**ComBanc**. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | The                staff for                which the **Participant** will be responsible for and will                require in order to comply with the functions that relate to the                high                value payment clearance and remittance services, shall be subject                to any                and all technical specifications and instructions that                **ComBanc** may issue. If in **ComBanc**’s                judgment, the staff must undergo training provided by ComBanc, such                training shall not in any way limit the rights and authority of the                Participant in its capacity as the employer of said staff, a status                that                it shall fully maintain. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | **ComBanc**                shall not be liable for the acts or actions of those associated with                the                **Participant** in connection with the performance by such                employees in work or tasks related to the payment clearance and remittance                service. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.4 | The                **Participant** shall be liable for any damages or losses                that may be caused by its employees because of misuse or improper                use of                the high value payment clearance and remittance service. Likewise,                the                **Participant** shall be liable for any damages that it or                its employees might cause because of failure to follow the instructions                and guidelines given by **ComBanc** with respect to the                methods and procedures set forth for the proper and correct operation                of                the said high value payment and remittance                service. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | The                **Participant** shall be subject to                **ComBanc’s** instructions and guidelines regarding                organization, methods and procedures pertaining to said proper and                correct                operation of the high value payment clearance and remittance                service. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.6 | The                **Participant** or **ComBanc** shall be liable                for any damages or losses caused by their employees, advisors                or |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | sub-contractors                through negligence, fraud, or improper or erroneous use of the high                value                payment clearance and remittance                service. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**15.         CONTINUITY      OF THE SERVICES**

| 15.1 | **ComBanc**                shall operate on all banking days at the times established in the                Regulations. |
|------|--------------------------------------------------------------------------------------------------------------------------|

| 15.2 | Notwithstanding                the foregoing, the services provided by **ComBanc** may be                discontinued, suspended or interrupted in whole or in part,                when: |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a. | It                is                necessary to make repairs and/or do scheduled maintenance on all                or part                of the components and equipment that **ComBanc** uses for                providing the high value payment clearance and remittance service;                in such                event, **ComBanc** must give notification within a period of                not less than 24 hours in advance,                or |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | Under                and                because of circumstances of force majeure or an act of God. In that                case,                no prior communication will be necessary, but the services must be                restored as soon as possible and with diligent promptness. Understood                as                force majeure or act of God for the purpose of this agreement, shall                be                what the law defines as such. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | Under                the                circumstances or situations of force majeure or an act of God,                **ComBanc** shall not be liable for any damages or losses                that may be caused to the **Participant**. In any case,                **ComBanc** undertakes to restore the services as soon as                the                causes that resulted in their interruption or suspension have                ceased. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**16.         ARCHIVING      OF TRANSACTIONS**

| 16.1 | The                **Participant** shall be obligated and responsible for                maintaining the archives of all operations conducted through the                high                value payment and remittance                service. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | **ComBanc**                shall maintain an active or on-line archive of only those transactions                that have taken place in the last thirty (30) days, but shall subsequently                maintain an archive of them on magnetic media. In the event that                the                **Participant** requests **ComBanc** to recover                data, it must reimburse it for all costs                incurred. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.3 | The                **ComBanc** archives shall constitute sufficient proof in                the                event a dispute arises between the                parties. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**17.         CONFIDENTIALITY      AND SECRECY**

| 17.1 | **ComBanc**                and the **Participant** and those associated with it,                advisors and sub-contractors agree not to disclose in any way or                by any                means any of the data or information that they may receive from their                respective counterpart, or any other information that might                circumstantially fall into their hands, or to which they may have                access                in connection with the providing of the services subject to this                instrument. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.2 | **ComBanc**                and the **Participant** undertake to remain expressly                vigilant regarding this obligation of confidentiality and secrecy                in any                contracts or agreements signed with those associated with it, advisors                and                sub-contractors, penalizing any infraction with immediate termination                of                the respective contract, without prejudice to any other penalties                and                fines that might be appropriate under the                law. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.3 | Both                **ComBanc** and the **Participant** undertake to                reciprocally transmit only the information and data that are essential                for                the proper rendering of the services and in connection with the services                subject to this contract. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.4 | The                prohibitions referred to in the preceding paragraphs shall not apply                if                some legal provision or court ruling exists that obligates either                of the                parties to submit matters subject to the aforementioned confidentiality                and secrecy to courts of justice or institutions or agencies empowered                by                law and acting within the scope of their                authority. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.5 | In                other                cases, when the requested background information falls under                **ComBanc’s** or the **Participant’s**                confidentiality and secrecy obligation, the parties hereto may not                deliver                that information without the prior consent of the                other. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.6 | The                aforementioned confidentiality and secrecy obligations shall remain                in                full force even after the expiration of this                agreement. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**18.        FEES**

| 18.1 | The                **Participant** undertakes to pay **ComBanc**                the fees indicated in Appendix 3, “Fee                System”. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

**19.         BANKING      CONFIDENTIALITY AND SECRECY**

| 19.1 | Both                the                **Participant** and **ComBanc** with respect to                the high value payment clearance and remittance service conducted                through                **ComBanc**, shall be subject to                the |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | banking                secrecy and confidentiality referred to in Article 154 of the General                Banking Law. In addition, they will be subject to all directives,                rules                and regulations that may in such respect be issued in the future                by the                Office of the Superintendent of Banks & Financial Institutions within                the scope of the authority vested in that agency by                law. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 19.2 | The                obligations regarding banking confidentiality and secrecy shall continue                indefinitely and beyond the life of this                instrument. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **20.** | **MEANS              OF EVIDENCE** |
|---------|------------------------------------|
|   |   |
|--------|--------|
| 20.1 | The                digital                records of **ComBanc** are considered admissible as means of                evidence, and shall be kept up-to-date with records showing the times                of                sending and receipt, content and sums indicated in messages interchanged                and stored and/or debits and credits made; these records shall have                probative value pursuant to the provisions of Articles 4 and 5 of                Law                19,799. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **21. ** | **NEW              SERVICES** |
|---------------|-------------------------------|
|   |   |
|--------|--------|
| 21.1 | **ComBanc**                may offer new services to the **Participant**. If such new                services are agreed to by the parties, these services shall be considered                as having been agreed to by the mere approval of                **ComBanc**’s proposal to the Authorized Agent, including                operating conditions and fees, which shall form an integral part                of the                respective current Appendices to the present agreement, as                applicable. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 21.2 | The              **Participant** may opt not to accept the new              services. |
|------|---------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **22.** | **KNOWLEDGE              OF THE SYSTEM** |
|---------|------------------------------------------|

| 22.1 | The                parties                undertake to make each of their customers, in an express and timely                manner, familiar with the characteristics, potential outcomes and                inherent                risks of a high value payment clearance and remittance service, as                established in this agreement, so that such customers will assume                in an                informed and responsible manner the risks and responsibilities of                signing                this contract. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22.2 | Consequently,                the **Participant** shall have the exclusive obligation of                making its customers aware of the conditions governing the providing                of                the services subject to this agreement, as well as of informing those                customers of the conditions governing the high value payment clearance                and                remittance service. Notwithstanding, in some cases, those agreements                might                run counter to the purpose and terms of the present                service. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**23.        LIFE      OF THE PRESENT AGREEMENT**

| 23.1 | The                term of                the present agreement shall be indefinite. Without prejudice to the                foregoing, either party may terminate this agreement by giving notice                to                the other via certified mail sent to the address indicated herein                at least                one hundred twenty (120) days in advance. For the purpose of the                present                agreement, it shall be understood that the parties will maintain                the                addresses indicated in the introductory part of this agreement, except                if                notice is given by certified mail of a change in address, which must                indicate the complete new address. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23.2 | Notwithstanding                the foregoing, providing of the services subject to this agreement                shall                terminate in advance in the following                cases: |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a. | Bankruptcy,                insolvency, cessation of payments or proposals of payment agreements                with                its creditors on the part of **ComBanc** or the                **Participant**; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | Mutual                agreement by **ComBanc** and the **Participant**                to terminate in advance; |
|----|----------------------------------------------------------------------------------------------------------------|

| c. | At                the request                of the properly performing party, in the case of gross non-performance                of                the contractual obligations, in part or in whole, by                **ComBanc** or the **Participant**, such                non-performance will be ruled upon by a subsequently appointed                arbitrator. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**24.        ASSIGNMENT      OF THE AGREEMENT**

| 24.1 | It                is                expressly stipulated that neither party may assign or transfer for                any                reason whatsoever the rights under this agreement, except with the                express                written authorization given in advance by the other                party. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**25.         NON-EXCLUSIVITY**

| 25.1 | The                present                agreement does not grant exclusivity to either party, and both may                request                and provide similar services to other institutions or companies in                general. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**26.        PENALTY      INTEREST**

| 26.1 | In                the event                that any sums of money owed by the **Participant** to                **ComBanc** are not paid                within |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**   **

|   |   |
|--------|--------|
|   | the                agreed-upon time, they shall be subject to the maximum rate of interest                allowed under the law for credit and lending transactions; such interest                shall be converted to local currency at the rate in effect on the                day of                default, and the interest shall run from that date until the actual                date                on which the payment obligation is met. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **27. ** | **ARBITRATION** |
|---------------|-----------------|
|   |   |
|--------|--------|
| 27.1 | Any                disagreements, disputes or conflicts arising between the parties                for any                reason and under any circumstance that relate directly or indirectly                to                this agreement, or to any of its clauses, including but not limited                to the                agreement’s effects, term, application, interpretation, performance,                non-performance, validity or invalidity, nullity or cancellation,                existence or non-existence, shall be submitted to an arbitrator in                accordance with the provisions of Chapter 15, “Resolution of Disputes” of                the Regulations. The arbitrator shall be appointed by mutual agreement                between the parties, and absent such an agreement, by the Chamber                of                Commerce of Santiago A.G. (the “Chamber of Commerce”), upon whom the                parties confer a special irrevocable mandate for such purposes. The                mere                fact that either party appeals to the Chamber of Commerce for naming                an                arbitrator shall imply the existence of a disagreement between the                parties                respecting the amicable designation of an                arbitrator. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.2 | Without                prejudice to the foregoing, the parties may opt for technical mediation                conducted by a mutually-agreed-upon expert. This mediation shall                not pose                an impediment to the aforementioned                arbitration. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**28.       GENERAL      PROVISIONS**

| 28.1 | **Separation                of clauses:** In the event that any provision embodied in this                agreement or its Appendices is declared null, legally flawed or                ineffective, it is hereby stipulated that such determination shall                affect                only the provision in question, and the remaining clauses of the                agreement                and/or its Appendices shall continue in full force and                effect. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 28.2 | **Conflicting                rules or regulations:** In the event of a conflict upon rules                and/or regulations, the following order of precedence shall                apply: |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a. | Operating                rules and regulations of the Sociedad Operadora de la Cámara de                Compensación de Pagos de Alto Valor                S.A. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| b. | Service                Participant Operating Contract for the High Value Payment Clearance                and                Remittance Service |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | Appendices                to                the present agreement |
|----|-------------------------------------------------------------------|

| 28.3 | **Domicile:**                The present parties elect their domiciles in the city of Santiago                de                Chile, and submit to the jurisdiction of the arbitration court indicated                in Clause 24. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 28.4 | **Execution                of this agreement:**** **This agreement is                executed and signed in two (2) copies with the same content, with                one (1)                copy being given to each of the                parties. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Legal      Status:**

|   | The                legal                status of Felipe Ledermann Bernal to act on behalf of the Sociedad                Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. is                embodied in the public instrument dated October 13, 2004, made and                executed before José Musalem Saffle, Notary in                Santiago. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                legal                status of Oscar von Chrismar Carvajal to act on behalf of the Banco                Santander-Chile is embodied in the public instrument dated July 23,                2003,                made and executed before Nancy de la Fuente Hernández, Notary in                Santiago. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Sociedad      Operadora de la Cámara      de                                                             Banco Santander-Chile**

**Compensación      de Pagos de Alto Valor S.A.**

**Sociedad      Operadora de la Cámara de**

**Compensación      de Pagos de Alto Valor S.A.**

----

**APPENDIX      No.      3**

**Fee      System**

**Introduction:**

*“Servicio Cámara de Compensación de Pago de      Alto Valor”*

**a)      Connection:**

**ComBanc**

**b)      Operation:**

----

**c)      SWIFT      message reimbursement:**

**ComBanc**

**d)      Authorization and power of attorney:**

**ComBanc**
**SWIFT**

**ComBanc**

| a) | That                the fees                to be paid to **SWIFT** by **ComBanc** shall be                disbursed by the latter, subject to reimbursement by the                Participant; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | That                the fees                to be paid to **SWIFT** by **ComBanc** shall not                be paid by **ComBanc**’s                employees; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | That                any sums                paid to **SWIFT** in exercise of said power of attorney shall                be recorded in special books, indicating the name of the beneficiary                so as                to facilitate reimbursement to **ComBanc**,                and |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | That                in any                exempt invoices that **ComBanc** issues to the banks, the                different items in question will have to be clearly detailed and                itemized                so that the banks can proceed with reimbursement, with these supporting                documents serving as sufficient verification of the reporting obligations                of the holder of power of attorney. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**e)      New      services:**

**ComBanc**

----

**Billing      and      payment**

**Commencement      of Fees**

----