Pictet & Cie () S.A., London Branch Terms and Conditions Banking and Custody Services

1 July 2021

Introduction and Important Information Thank you for choosing Pictet. Our aim is to help you meet all your and requirements. These Terms and Conditions are an important legal document and set out the terms upon which Pictet & Cie (Europe) S.A. (“Pictet”, “we” or “us”) will provide services to you. We may provide services from our head office (“Pictet ”)1 or from our London Branch (“Pictet London”). By signing the Account Application Form, you agree for yourself (and any successors and personal representatives) to be bound by these Terms and Conditions (as amended from time to time). These Terms and Conditions are legally binding and supersede any earlier agreement provided in respect of the same services. You have selected us to provide you with custody and banking services, which will be provided by Pictet London. Another Pictet Group Company may provide you with investment services in relation to your Account from time to time. The provision of those services would be governed by a separate agreement between you and the relevant Pictet Group Company. Where you have appointed an Independent Asset Manager to provide discretionary investment management services in relation to your Account(s), the Special Terms contained in Section 6 of these Terms and Conditions shall also apply. Please read these Terms and Conditions carefully together with the Account Application Form and any other related agreement that may be entered into between you and us from time to time. These are important legal documents forming part of the contractual agreement between you and Pictet. If you have any questions on these Terms and Conditions or you would like to speak to someone about our services generally, please contact your relationship manager at Pictet London at our registered office: Pictet & Cie (Europe) S.A., London Branch, Stratton House, 6th Floor, 5 Stratton Street, London W1J 8LA, UK. How to find the terms that relate to your service These Terms and Conditions comprise General Terms applicable to our entire relationship with you. The General Terms are supplemented by Special Terms in respect of banking and custody services, and where relevant to you, Independent Asset Manager services. To the extent you do not engage Pictet to provide a particular service, the Special Terms relevant to such service will not apply to you. Please see the Contents page for a quick reference guide. Key Points To the extent that the services we provide to you relate to designated investments (as defined in the FCA Handbook), you should be aware that there are certain risks involved. Accordingly, we would like to draw your attention to the Risk Warnings in Appendix 4 of these Terms and Conditions. You should read these carefully and you should not deal in investments unless you understand their nature and the extent of your exposure to risks and potential loss. No person in any territory other than the United Kingdom may enter into the Mandate (as defined below) unless, in the relevant territory, such an agreement can lawfully be entered into by that person without contravention of any registration or other legal or regulatory requirements. Any person outside the United Kingdom proposing to enter into the Mandate must satisfy themselves that to do so would be fully compliant with any applicable laws or regulations, and that any necessary governmental or other consents have been obtained.

1 Pictet & Cie (Europe) S.A.: 15A, avenue J.F. Kennedy, L-2016 Luxembourg: R.C.S. Luxembourg B 32.060 docondcusGBRen_v3.2a_17082021BP 1/73 TAGD000TTT TAGO000TTT TAGA000TTT TAGB000TTT TAGRA01TTT Interpretation of these Terms and Conditions Unless otherwise expressly stated, all terms forming part of these Terms and Conditions are supplemental to each other. In the event of any inconsistency and unless otherwise stated in the relevant Special Terms or the context otherwise requires, the provisions of the General Terms shall prevail over the corresponding provisions of the Special Terms. Words and expressions in these Terms and Conditions have the meanings given to them in the Definitions section. References in these Terms and Conditions to the singular include the plural and vice versa. Reference to any document or agreement (including these Terms and Conditions) shall be deemed to include reference to such document or agreement as amended, novated, supplemented or replaced from time to time. Reference to provisions of ordinances, statutes, rules or regulations shall be deemed to include reference to such provisions as amended, modified or re-enacted from time to time. Headings used in these Terms and Conditions are solely for convenience and shall not affect the interpretation of these Terms and Conditions. Legal and Regulatory Information Pictet & Cie (Europe) S.A. is a société anonyme (public limited liability company) incorporated in Luxembourg and registered with the Luxembourg Registre de Commerce et des Sociétés (RCS no. B32060). Its head office is at 15A, avenue J.F. Kennedy, L-2016 Luxembourg. Its London branch is registered as a UK establishment with Companies House (establishment number BR016925) and its UK establishment office address is Stratton House 6th Floor, 5 Stratton Street, London, W1J 8LA. Pictet & Cie (Europe) S.A. is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Pictet London is also deemed authorised by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation Authority. Please note that the nature and extent of consumer protections, in particular in relation to services provided from Pictet Luxembourg, may differ from those for firms based in the UK, Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorization, are available on the Financial Conduct Authority’s website. The address of the CSSF is 283, route d’Arlon L-1150 Luxembourg and the address of the Prudential Regulation Authority is 20 Moorgate, London, EC2R 6DA. The address of the Financial Conduct Authority is 12 Endeavour Square, London, E20 1JN. Pictet is on the FCA/PRA Register with firm reference number 610444. All services provided to you under these Terms and Conditions are provided on the basis that you are a Retail Client (unless otherwise agreed in writing) within the meaning of the FCA Handbook. Please refer to Clause 1 of the General Terms for further details. All transactions entered into in relation to Investments, Cash and/or other assets under these Terms and Conditions shall be subject to any applicable constitution, rule, regulation, custom and usage of the relevant exchange or market (and any clearing house) and all applicable laws, rules and regulations of government authorities and regulatory bodies (the Applicable Law). If there is a conflict between these requirements and the provisions of these Terms and Conditions, then such requirements will prevail over the provisions of these Terms and Conditions. Nothing in these Terms and Conditions shall exclude or restrict any duty or liability which we incur to you in your capacity as our client and which arises under the UK or Luxembourg regulatory system.

docondcusGBRen_v3.2a_17082021BP 2/73 Contents Page

Section 1: Definitions 4

Section 2: General Terms 8

Section 3: Banking and Custody Special Terms 24

Part A: General 24

Part B: Custody Services 25

Part C: Banking Services 28

Part D: Payment Services 32

Section 4: Pictet Connect Special Terms 37

Section 5: Electronic Communications Special Terms 39

Section 6: Independent Asset Manager Special Terms 40

Appendix 1: Inducement Policy 45

Appendix 2: Conflicts of Interest Policy 47

Order Execution Policy 49

Annex 1 to the Order Execution Policy 52

Annex 2 to the Order Execution Policy 54

Appendix 4: Risk Warnings Relating to Trading in Financial Instruments 55

Appendix 5: Depositor Information Sheet 65

Appendix 6: Exclusions List 67

French Language Summary of the SILL 68

Appendix 7: Pictet Group Privacy Notice ...... 69

docondcusGBRen_v3.2a_17082021BP 3/73 Section 1: Definitions Account: a Cash or Custody Account opened in your name with Pictet London for the purposes of the Mandate. Account Application Form: the account application form completed by you (as may be replaced and amended from time to time). Account Information Services: includes, but is not limited to, businesses that: provide users with an electronic “dashboard” where they can view information from various payment accounts in a single place; or use account data to provide users with personalised comparison services supported by the presentation of account information. Account Information Service Provider or AISP: a company that provides Account Information Services. Affiliate: in relation to a person, an undertaking in the same group as that person. Applicable Law: all applicable law and regulations, including, but not limited to, the rules, regulations, requirements, determinations, practices and guidelines of any governmental or self-regulating organisation of which we or (if applicable) a Pictet Group Company is a member or is subject, including those of the FCA, the PRA, the CSSF and also rules and customs of the exchange or market and/or any clearing house through which transactions are executed or settled, in each case, for the time being in force. Authorised Person: a person identified in the Account Application Form as the person authorised to give Instructions on the Mandate, including, where relevant, an Independent Asset Manager. Balance Threshold: means, in respect of a particular currency, the threshold specified for that currency at https://www.group.pictet/eu-information/london (identifier: PictetLondon2014), above which we reserve the right to charge a negative interest rate in accordance with Clause 22 of the Banking and Custody Special Terms. Best Execution Policy: the best execution policy of Pictet as set out in Appendix 3 of these Terms and Conditions. Business Day: any day other than a Saturday, a Sunday or, in relation to anything done or to be done in any part of the United Kingdom, a bank holiday in that part of the United Kingdom. Cash: all monies standing from time to time to the credit of your Cash Account(s) and all rights, benefits and proceeds of such accounts and any renewal or re-designation thereof; Cash Account: any cash account opened in your name in our books pursuant to Clause 16 of the Banking and Custody Special Terms. Client: the person(s) to whom we have agreed to provide certain investment and/or custody and associated services pursuant to the terms of the Mandate. The term “Client” shall be deemed to include your successor in title or personal representatives, as the case may be (including a duly appointed power of attorney), also referred to throughout these Terms and Conditions as “you”. Collective Investment Scheme: an arrangement for assets to be held on a pooled basis on behalf of any number of investors, for example, a unit trust or an open-ended investment company (a full definition of which is contained in section 235 of the and Markets Act 2000). Commencement Date: the commencement of the Mandate, being the date upon which Pictet opens an Account in your name pursuant to Clause 2.2 of the General Terms. Communication: the provision of any documentation or information (including, but not limited to, offering documents, key investor information documents, other marketing and pre/post sales documents and communications) relating to Cash or Investments and/or any other notice, instruction, demand, confirmation, statement or request. Contingent Liability Transaction: a financial instrument which involves any actual or potential liability for you that exceeds the cost of acquiring the financial instrument. Contract: a transaction in futures, options on futures, options, contracts for difference or in any other derivatives if and to the extent that such contract is executed on, by reference to or subject to the rules of an exchange. Counterparty: the market maker, broker, bank, intermediary, on-line exchange or any other party with or through whom we (or a Pictet Group Company) may conduct transactions in Investments for you. CSSF: the Commission de Surveillance du Secteur Financier in Luxembourg or any successor thereto. Custodial Services: the custodial and associated services to be provided by us to you. Custodian: Pictet London acting in accordance with the Banking and Custody Special Terms or such other custodian as may be appointed in relation to the Portfolio as agreed in writing between Pictet London and you. Custody Account: any account opened in your name in the books of Pictet London for your Investments and any other assets (other than Cash) pursuant to Clause 8 of the Banking and Custody Special Terms. Data Protection Legislation: (a) the Data Protection Act 2018 (b) national laws implementing the Directive on Privacy and Electronic Communications (2002/58/EC); (c) any other similar national privacy law, as may be applicable or required in the context.

docondcusGBRen_v3.2a_17082021BP 4/73 EEA: the European Economic Area. Equivalent or Equivalent to, in relation to any Investments, means securities, cash or other property of an identical type, nominal value, description and amount of those Investments. Event of Default: any event or circumstance specified as such in Clause 24 (Events of Default) of the General Terms. Execution: in relation to a transaction, carry into effect or perform the transaction, whether as principal or as agent, including instructing another person to execute the transaction. Execution venue: includes a regulated market, MTF, OTF, SI or market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing. FCA: the United Kingdom Financial Conduct Authority or any predecessor or successor regulator. FCA Handbook: the FCA’s Handbook of rules and guidance as amended from time to time or the handbook of rules and guidance of any predecessor or successor regulator. Fee Schedule: the schedule detailing our standard fees and expenses provided to you with the Account Application Form (which includes any addendum thereto). General Terms: the General Terms forming part of these Terms and Conditions. Independent Asset Manager: an asset manager independent of the Pictet Group and operating on a professional basis, nominated by the Client to manage the Cash and Investments held in the Account. Instruction(s): instructions (which may be standing instructions) given, or purported to be given, by an Authorised Person to and received by us. Interest Rate: the rate of interest applicable to a facility (including, for the avoidance of doubt, in respect of authorised overdrafts) as set out in the Loan Term Sheet between you and us. Investment: shares, debentures, bonds, government and public securities, partnership interests (including limited partnerships), instruments entitling the holder to securities (e.g. warrants), certificates representing securities (e.g. depositary receipts), shares or units in Regulated and Unregulated Collective Investment Schemes, shares or other kinds of participation interest in closed ended investment vehicles, securities of any other kind, options, futures, contracts for differences (including index linked notes, swaps and similar instruments), foreign exchange contracts of any kind, derivatives of any kind, long-term insurance contracts, certificates of deposit and commodities, together with such other rights and interests (excluding Cash) as are expressly or impliedly made the subject of the Mandate. Liabilities: all present and future liabilities and obligations at any time due, owing or incurred by you to us under the Mandate, both actual and contingent and whether incurred solely or jointly or as principal or surety or in any other capacity together with any of the following matters relating to or arising in respect of those liabilities and obligations: (i) overdrafts, personal and other or facilities and further advances of money; (ii) guarantees and indemnities to us and any of your other contingent liabilities; (iii) discount, commission, fees, legal expenses and other lawful charges and expenses; (iv) all accrued interest payable by you to us whether under these Terms and Conditions or under the terms of any other agreement entered into between you and us; (v) any claim for damages or restitution; (vi) any claim as a result of any recovery by you of a payment, prepayment, repayment, redemption or defeasance or discharge of those liabilities or obligations on the grounds of preference or otherwise, and any amounts which would be included in any of the above but for the discharge, non-provability, unenforceability or non-allowance of those amounts in any bankruptcy, insolvency or other proceedings. Limit order: an order to buy or sell an Investment at its specified price limit or better and for a specified size. Loan Term Sheet: a separate document which sets out the specific terms of the loan facility (including in respect of authorised overdrafts) we are willing to offer you pursuant to these Terms and Conditions. Loss: unless described otherwise in these Terms and Conditions, means all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest, penalties and legal and other reasonable professional costs and expenses). LPA: Law of Property Act 1925 (as amended from time to time). Mandate: collectively, the Account Application Form, these Terms and Conditions and any other document designated as such by the Parties. Material Adverse Effect: a material adverse effect on or a material adverse change in: (i) your business, assets, prospects or financial condition; (ii) your ability to perform and comply with your obligations;

docondcusGBRen_v3.2a_17082021BP 5/73 (iii) the quality, validity, legality or enforceability of any interest expressed to be created by these Terms and Conditions or on the priority and ranking of any of that Security Interest; (iv) the validity, legality or enforceability of these Terms and Conditions or any related document; or (v) any right or remedy of us in respect of these Terms and Conditions. Multilateral Trading Facility or MTF: has the meaning given to it in the FCA Handbook for services provided by Pictet London and has the meaning given to it in Directive 2014/65/EU for services provided by Pictet Luxembourg. In summary, an MTF is a multilateral system generally operated by an investment firm or a market operator which brings together multiple third party buying and selling interests in financial instruments (in the system and in accordance with non-discretionary rules) in a way which results in a contract. Organized Trading Facility or OTF: has the meaning given to it in the FCA Handbook for services provided by Pictet London and has the meaning given to it in Directive 2014/65/EU for services provided by Pictet Luxembourg. In summary, an OTF is a multilateral system which is not a regulated market or a Multilateral Trading Facility in which multiple third- party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract. Packaged retail and insurance-based investment product or PRIIP: has the meaning given to it in the FCA Handbook for services provided by Pictet London and has the meaning given to it in Regulation (EU)_No 1296/2014 for services provided by Pictet Luxembourg. In summary, a PRIIP is (i) an investment, including instruments issued by special purpose vehicles or securitisation special purpose entities, where, regardless of the legal form of the investment, the amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets which are not directly purchased by the retail investor or (ii) an insurance product which offers a maturity or surrender value and where that maturity or surrender value is wholly or partially exposed, directly or indirectly, to market fluctuations. Parties: “you” or “the Client” and “us” or “Pictet”. Payment Initiation Services: services provided by businesses that contract with online merchants to enable customers to purchase goods or services through their online banking facilities, instead of using a payment instrument or other payment method. Payment Initiation Service Provider or PISP: a company providing Payment Initiation Services. Payment Services: the payment services as set out at Clause 2 of the Payment Services Terms. Pictet Group: the group of companies, headquartered in , , under the partnership of seven owner managers. Pictet Group Company: a company within the Pictet Group. Portfolio: all assets, including all Cash and Investments held by Pictet on your behalf from time to time. Professional Client: has the meaning given to it in the FCA Handbook for services provided by Pictet London and has the meaning given to it in Directive 2014/65/EU for services provided by Pictet Luxembourg. PRA: the UK Prudential Regulation Authority. Readily Realisable Investment: has the meaning given to it in the FCA Handbook. In summary, a Readily Realisable Investment is a unit in a Regulated Collective Investment Scheme, a "Life Policy" or an interest in an investment trust savings scheme, a stakeholder pension scheme, a personal pension scheme, a government or public security denominated in the currency of the country of its issuer or any other security which is (i) admitted to official listing on an exchange in the UK, (ii) regularly traded on or under the rules of such an exchange or (iii) regularly traded on or under the rules of a recognized investment exchange or designated investment exchange, or a newly issued security which can reasonably be expected to meet one of (i), (ii) or (iii) when it begins to be traded. Reference Rate: the overnight rates established by central banks and administrations in a currency in which you are able to transact through your Account (details of which are available at https://www.group.pictet/eu-information/london (identifier: PictetLondon2014)), observed on a daily basis. Regulated Collective Investment Scheme: has the meaning given to it in the FCA Handbook. In summary, a Regulated Collective Investment Scheme is an “Authorised Unit Trust Scheme” or a “Recognised Scheme” recognised under Section 272 of the Financial Services and Markets Act 2000 or (for the purposes of the definition of Readily Realisable Investment only) an EEA UCITS scheme recognized under Part 6 of The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019, an "Investment Company with Variable Capital", an “Authorised Contractual Scheme” or any other mutual fund, being a UCITS fund that is approved by a competent authority for distribution in the relevant jurisdiction. Retail Client: shall have the meaning given to it in the FCA Handbook as amended from time to time. Security: a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. Security Assets: the assets which from time to time are, or expressed to be, the subject of the Security Interests or any part of those assets.

docondcusGBRen_v3.2a_17082021BP 6/73 Security Interests: all or any of the Security created or expressed to be created in favour of Pictet by or pursuant to these Terms and Conditions. Short Sale: a sale of Investments not owned by you and “sell short” shall be construed accordingly. Special Terms: all terms (except the General Terms) expressly stated to form part of these Terms and Conditions. Stabilisation: a price-supporting process that may take place in the context of new issues under applicable regulations. Systematic internaliser or SI: has the meaning given to it in the FCA Handbook for services provided by Pictet London and has the meaning given to it in Directive 2014/65/EU for services provided by Pictet Luxembourg. In summary, an SI is an investment firm which, on an organised, frequent systematic and substantial basis, deals on own account when executing client orders outside a regulated market, a UK MTF or UK OTF without operating a multilateral system. Taxation: all forms of taxation, whether of the United Kingdom or elsewhere in the world, whenever imposed (including, without limitation, income tax, corporation tax, inheritance tax, national insurance, stamp duty, stamp duty reserve tax, value added tax, customs and other import or export duties) and all statutory, governmental, state, provincial, local governmental or municipal impositions, duties and levies and all related penalties, charges, costs and interest and ”Taxes” shall be construed accordingly. Terms and Conditions: these terms and conditions, including the Special Terms and the Appendices. Uncertificated Investments: “Uncertificated” in connection with Investments means Investments the relevant title to which, under The Uncertificated Securities Regulations 2001 is not required to be evidenced by a certificate or which is otherwise transferable under The Uncertificated Securities Regulations 2001. Unregulated Collective Investment Scheme: a Collective Investment Scheme which is not a Regulated Collective Investment Scheme. User: a person in respect of whom you have requested in the Account Application Form (or otherwise in writing) to have access to Pictet Connect, including where relevant, an Independent Asset Manager.

docondcusGBRen_v3.2a_17082021BP 7/73 Section 2: General Terms 1. Client classification 1.1 Unless otherwise agreed within the terms of the Mandate or you have been notified in writing otherwise, we will treat you as a Retail Client as defined in the FCA Handbook. 1.2 You have the right to request a different categorisation, for example, to be treated as a Professional Client. However, if you make such a request and we agree to such a categorisation, you will lose the protection afforded by some of the rules in the FCA Handbook. For example, clients who are not Retail Clients within the FCA definition will not have the benefit of rules (a) requiring best execution to be determined on the basis of total consideration for Retail Clients; and (b) monitoring the recording and handling of complaints from Retail Clients and providing access rights to the Financial Ombudsman Service as referred to in Clause 40 of these General Terms. If you make such a request, we will explain in writing at that time the full consequences of doing so. 1.3 For the avoidance of doubt, if you are a Professional Client, you have the right to request to be treated as a Retail Client. 2. Commencement of the Mandate 2.1 The Mandate will come into legal effect on the Commencement Date. 2.2 We will open an Account in your name provided that (i) we have received a completed Account Application Form and (ii) our client identification requirements and anti-money laundering checks (including in respect of any party authorised to give instructions on your behalf) are completed to our satisfaction. 2.3 We will, immediately following the Commencement Date (unless otherwise agreed with you): (i) act as Custodian in respect of the Investments and provide the Custodial Services; and (ii) act as banker in respect of Cash deposited in the Cash Account (as applicable). 2.4 We reserve the right to decline to open an Account without justification. 3. Communications Communications to you: 3.1 We may deliver Communications to you in accordance with the mailing instructions provided by you in the Account Application Form (or otherwise) by: (a) post, which will be deemed delivered seven (7) days following posting; (b) personal delivery or courier. Evidence of delivery to the correct address will be proof of delivery; (c) facsimile or email, where delivery will be deemed upon transmission; (d) telephone or in person; or (e) any other manner in any other medium as we may deem appropriate or as may be agreed with you from time to time. 3.2 We will send all account statements, transaction confirmations, applicable tax reports and invoices to you electronically via Pictet Connect in accordance with the Pictet Connect Special Terms set out in Section 4, unless you have instructed us otherwise in writing. In the event that you have not activated your Pictet Connect account, we will send all account statements, transaction confirmations, applicable tax reports and invoices to the address specified in the Account Application Form. In the event that any Communication we send you (to the latest address you notify us of in writing) is returned undelivered, we will retain the same for such period as we deem fit after which we may destroy it. We shall not be liable for any Loss or expense that you suffer as a result. You further acknowledge that Communications via the World Wide Web (Internet) may not be secure and accept responsibility accordingly. 3.3 In respect of any joint accounts, any Communication delivered to one party to the joint account or to an agent of such party shall be deemed to have been delivered to all parties to the joint account. 3.4 You understand and agree that it is your responsibility to review Communications promptly and to notify us within thirty (30) Business Days of any error, omission or improper payment or transfer, otherwise the Communication will be deemed to have been accepted by you. As such, you will be precluded from asserting any claim against us based on any error, omission, improper payment or transfer disclosed in any Communication. Communications from you: 3.5 You may send us Communications by: (a) post; (b) personal delivery or courier; (c) telephone or in person; (d) facsimile, email or other electronic transmission (in accordance with the Electronic Communications Special Terms); or (e) unless we have advised otherwise, in writing. docondcusGBRen_v3.2a_17082021BP 8/73 3.6 In addition, any Communication that you provide us shall be given to such address, telephone and facsimile numbers and electronic mail address as we may supply to you from time to time for this particular purpose and shall be effective only upon our actual receipt of such Communication. 3.7 We shall have no liability for the unavailability of, or fault in, any medium of communication that you wish to use in order to send us a Communication. You acknowledge that a Communication via the World Wide Web (Internet) may not be secure and accept responsibility accordingly. 4. Instructions 4.1 We will acknowledge your Instructions by acting upon them. We may, in the circumstances described in Clauses 4.2 and 4.3 of these General Terms and without incurring any liability, refuse to act on such Instructions. If we decline or cannot complete an Instruction, we will take reasonable steps to notify you promptly and we may give reasons for our decision. If we receive any Instructions by telephone or other medium, we may ask you to confirm such instructions in writing. We are authorised to follow Instructions notwithstanding your failure to confirm them in writing. 4.2 We may, in our sole discretion, refuse to carry out an Instruction: (a) which is insufficient or incomplete; (b) which has not been received in sufficient time; (c) where we believe that the Instruction has not been accurately transmitted; or (d) where we deem the Instruction to be unclear, ambiguous or not genuine. Pictet shall not be liable for any Loss or expense suffered by you as a result. 4.3 We are not obliged to act on any Instructions we consider unreasonable or improper, whether because of the absence of or inadequate authority, our own exposure to credit risk or other liability, impracticability of execution, conflicts with Applicable Law or otherwise. 4.4 We may rely on any Instructions given or purported to be given by any Authorised Person and may, acting in good faith, rely on any Instructions given or believed to be given by any person who is believed to be a person designated or authorised by you to give such Instructions, notwithstanding that he/she is not named in the Account Application Form or any amendment thereto. We shall not be required to enquire as to the authority of any such person or the authenticity of any such Instructions. 4.5 Once we have received your Instructions, it may not be possible for you to change them. We will record the date and time that you place an Instruction and all relevant transaction details. Our records will be conclusive. We reserve the right not to follow your Instructions or to accept orders in accordance with Clauses 4.2 and 4.3 of these General Terms. 4.6 Instructions may be given individually or in the form of a standing Instruction. We may refuse to act on any standing Instruction in accordance with Clauses 4.2 and 4.3 of these General Terms. 4.7 Standing Instructions will be in force until cancelled or amended. Standing Instructions may only be set up, amended or terminated in writing (which includes, for the avoidance of doubt, via email). We will verbally confirm with you any Standing Instructions received in writing. 4.8 We may act pursuant to telephone Instructions given by an Authorised Person provided that such Instructions are promptly confirmed in writing (which includes, for the avoidance of doubt, via email) by an Authorised Person to us. 5. Signatures 5.1 Only those signatures of Authorised Persons provided to us in writing shall be valid, until we receive written revocation thereof. 5.2 We shall have no liability for any failure to detect fraudulent use or misuse of your (or an Authorised Person’s) signature, except in the case of negligence, fraud or wilful deceit on our part. 5.3 We shall not be under any obligation to enquire into the reasons why an Authorised Person wishes to carry out a particular transaction, subject to legal and regulatory provisions relating to money laundering. You or your beneficial owners shall alone bear the risk of any abuse, Loss or damages that he/they may suffer as a result of transactions carried out by an Authorised Person. 6. Recording Communications We may, in our absolute discretion, record all telephone conversations and other Communications whether or not those result in a transaction or us providing services to you, and reserve the right to use such recordings in any dispute that may arise. Telephone conversations and Communications include those through a direct line and mobile phone. You will not receive any notification that a call or Communication is being recorded. We also have the right to record face-to-face conversations using written minutes or notes. The voice or written record will be our sole property and will be accepted by you, absent manifest error, as conclusive evidence of any Instructions or conversations recorded.

docondcusGBRen_v3.2a_17082021BP 9/73 A copy of such recording will be available on your request from the date of the conversation or Communication for a period of five years. If we are requested to do so by the FCA, PRA or CSSF, in certain circumstances, the Communication will be available for a period of up to seven years. 7. Your warranties and liabilities Information provided by you 7.1 You warrant that the following information is complete and correct for all purposes, including Taxation and in order for us to meet our own regulatory obligations: (a) the origin of your wealth and assets; (b) your knowledge and experience of financial instruments; and (c) the information provided in the Account Application Form in relation to your name, status, residence and domicile (or, where relevant, that of the trust of which you are a trustee). 7.2 You agree to provide us with any further information that we may reasonably request from time to time or which may be requested or required by any competent authority. 7.3 You: (a) agree to notify us immediately if there is any material change to the information that you have provided us (giving full details of that change), including, but not limited to, such changes specified in Clause 7.4 of these General Terms; (b) warrant that any such further details or particulars of the change provided to us will be complete and correct; and (c) acknowledge and accept that a failure to provide such information may adversely affect our ability to provide the services under the Mandate and/or the quality of our services. 7.4 You shall inform us of any changes in your financial situation and/or your knowledge and experience of investment and, in particular, of any changes that affect or may affect our ability to determine the adequacy of a service which we may supply to you. We will not be held liable for any Loss you may suffer as a result of a failure to inform us of any such changes. 7.5 You undertake to inform us of any company of which you are a director, officer or employee which is subject to any restrictions on dealing in securities. Your ownership and authority 7.6 You warrant and undertake that, subject to anything disclosed in the Mandate, the Cash and Investments are and will be during the continuance of the Mandate free from any charge, lien, pledge or encumbrance other than as created pursuant to these Terms and Conditions and are legally and beneficially owned by you, unless you are a trustee, in which case the Cash and the Investments shall be legally owned by you and beneficially owned by the relevant beneficiary. 7.7 You agree that you will not create or permit the existence of any such charge, lien, pledge or encumbrance and/or restriction other than in our favour or except as is imposed by law or judicial decision. 7.8 You warrant and undertake that you have, and will continue to have, all necessary consents (and, if you are not an individual, powers in your constitution) and authorities (all of which are fully in force and effect in accordance with the terms thereof) and capacity to enter into the Mandate and to enable all transactions in Cash and Investments to be effected, and to enable assets or entitlements thereto to be held in a securities depository. You warrant and undertake that all Applicable Law has been and will be complied with in respect of each such transaction, including any licences, notifications and filings required by Applicable Law. 7.9 You warrant and confirm that the execution, delivery and performance of these Terms and Conditions and each transaction do not and will not violate, contravene, conflict with or constitute a default under any provision of your constitutional documents or any law, regulation, rule, degree, order, judgment or charge, contract, trust deed or other instrument binding on you or any of your Investments. 7.10 You agree that the warranties and undertakings given above are given for our benefit and may be repeated in any agreement made by us or our Affiliates (directly or indirectly on your behalf) in accordance with the Mandate. Scope of our services 7.11 You expressly agree and understand that our services do not include the provision of advice on matters of Taxation, law, regulation, accountancy or other specialist matters and, unless otherwise agreed in writing, we shall not be required to have regard to such matters in providing any services to you under the Mandate. We strongly recommend that you consult an independent tax adviser if required. Indemnity 7.12 You shall reimburse, indemnify and hold us harmless for any and all Losses suffered by us arising out of any act or omission in relation to your Account, irrespective of whether those are made by you or any persons who we reasonably believe to be acting with authority on your behalf. docondcusGBRen_v3.2a_17082021BP 10/73 8. Our liability to you General 8.1 Pictet, its Affiliates, partners, directors, officers and employees shall act in good faith and with reasonable skill and care in providing the services under the Mandate but, subject thereto, to the extent permitted by Applicable Law, neither we nor any Affiliate shall be liable for any Loss incurred by you unless such Loss results directly from the negligence, wilful default or fraud of us, our Affiliates or our Affiliates’ directors, partners, officers or employees. 8.2 Notwithstanding Clause 8.1 of these General Terms and any other provision of the Mandate, we shall have no liability to you in respect of the services under the Mandate or otherwise for: (a) any indirect, incidental, special, consequential, unforeseeable or punitive Loss; (b) any loss of profits, loss of opportunity, loss of reputation or goodwill or any loss of information; (c) any decline in the value of any Investments howsoever arising; (d) any delay or change in market conditions before any transaction is effected; (e) the negligence, wilful default or fraud, or acts and omissions of Counterparties, including, without limitation, their agents, directors, officers or employees and any Loss arising from the insolvency (or its equivalent) of any Counterparty, including, but not limited to, any broker, dealer, bank, clearance system, settlements or payments system, exchange agent or other third party, howsoever arising, even if the breaching party has been advised of the possibility of such Losses; (f) any Taxation assessed upon or payable, directly or indirectly, by you, including Taxation arising in connection with our management of the Portfolio where we act within the scope of our authority, except for any Taxation attributable to our or any Affiliate’s negligence, wilful default or fraud. 8.3 Without prejudice to any claim you may have against us, you agree that, to the fullest extent permissible by Applicable Law, none of our or our Affiliates’ directors, non-executive directors, partners or employees shall have any personal liability to you under the Mandate. 8.4 Pictet’s maximum aggregate liability to you in relation to the services provided under the Mandate shall not, in any circumstances, exceed the value of the Cash and Investments held in your Account(s) from time to time. 8.5 Nothing in these Terms shall exclude or limit any: (a) duty or liability which we may have to you under Applicable Law (including, but not limited to, the FCA Handbook); or (b) other liability, to the extent to which it cannot be excluded or limited under or pursuant to Applicable Law. Liability to third parties 8.6 We shall have no liability to any person(s) other than you or your successors in title, including, but not limited to, any person appointed by you under a power of attorney, including an Independent Asset Manager, or otherwise authorised by you to give investment instructions. 8.7 We will act in good faith and with due skill and care in the selection, use and monitoring of nominees, sub-custodians, agents and delegates. However, we will only accept liability for the acts or omissions of any nominee, sub-custodian, agent or delegate which is an Affiliate. 9. Force majeure We cannot accept responsibility for Losses suffered by you as a result of our failing to comply with the terms of the Mandate which result from circumstances outside our reasonable control. These circumstances would include, but are not limited to, acts of God, fires, strikes, terrorism, power failures or shortages, intervention by exchanges or regulators, court orders or any failure or error of any equipment, computer system, telecommunications, internet service provider, intermediary, agent, exchange, counterparty or any other person. 10. Confidentiality 10.1 For the duration of the Mandate, and for six (6) years thereafter, neither we nor any of our Affiliates shall, except as: (a) permitted under the Mandate; (b) required or permitted by Applicable Law, regulatory authority, or the rules and regulations of any market on which an Investment is acquired; (c) reasonably required by any broker or intermediate broker appointed by us or an Affiliate; (d) reasonably required by any administrator, manager or third party linked to an Unregulated or Regulated Collective Investment Scheme; (e) reasonably required by any Pictet Group Company or other third party appointed by you to provide investment services; (f) required to enable any of the above listed persons to comply with any obligations owed by any of them to any exchange, regulatory authority or other body having jurisdiction over them; docondcusGBRen_v3.2a_17082021BP 11/73 (g) reasonably required by our or their professional advisers; (h) reasonably required by any sub-contractor appointed by us or an Affiliate; (i) reasonably required for the performance of our or our Affiliates’ business; or (j) otherwise previously agreed in writing between the Parties including where you have appointed an Independent Asset Manager, disclose or provide documents containing any confidential information relating to you, your Portfolio or the Mandate to any third party. 10.2 When an Investment held by us is the subject of a request for information from a company registrar or secretary or any competent authority, you authorise us as your agent to disclose such information as we deem necessary (including, without limitation, the name and address of the beneficial owner) subject to compliance with all Applicable Law. 10.3 You authorise any Pictet Group Company or other third party appointed by you to provide investment services to have access to all information relating to the Account, including via Pictet Connect where relevant. You further authorise us as your agent to complete, execute and deliver any documentation and to give instructions to any Pictet Group Company on its terms of business which you appoint to provide investment services. This authority is irrevocable until termination of the Mandate. 11. Anti-money laundering, terrorist financing and sanctions 11.1 You acknowledge that we are required to act in accordance with the laws, regulations and requests of public and regulatory authorities operating in various countries which relate to, amongst other things, the prevention of money laundering, terrorist financing and the provision of financial and other services to any persons or entities which may be subject to sanctions. These laws, regulations and requests may prohibit us from entering into or concluding transactions involving certain persons or entities or may require us to report suspicious transactions to a regulatory authority. 11.2 We reserve the right to take, and may instruct (or be instructed by) any of our Affiliates to take, any action which we or such Affiliate, in our sole and absolute discretion, consider appropriate to take in order to comply with all such laws, regulations and requests. Such action may include (but is not limited to) the interception and investigation of any payment messages and other information or instructions sent to or by you to us and making further enquiries as to whether a name which may refer to a sanctioned person or entity actually refers to that person or entity. 11.3 Neither we nor any Affiliate will be liable for Loss (whether direct or indirect or unforeseeable and including, without limitation, loss of profit or interest) or damage suffered by any party, arising out of the exercise of any of our rights or duties under this Clause 11 of the General Terms, unless that Loss or damage was caused by our or our Affiliates’ negligence, wilful default or fraud. 12. Data protection 12.1 We are wholly committed to protecting client privacy and we will take all reasonable steps to ensure that your personal data (as defined in the Data Protection Legislation) is kept secure against unauthorized access, loss, disclosure of destruction. We will act as data controller (and in certain circumstances, data processor) within the meaning of the Data Protection Legislation. 12.2 Pictet London, and its Affiliates and sub-contractors will process personal data provided by you or by someone acting on your behalf, which includes information that is: (a) provided in the Account Application Form; (b) obtained from our operation of your Account(s), analysis of your transactions and your use of the products and services provided by us and our Affiliates; (c) collected from a third party source, such as a credit reference agency or fraud prevention agency; and (d) collected from or requested by a Pictet Group Company or on their behalf. The Pictet Group Privacy Notice, which provides information regarding the categories of personal data that we process, and other information as required under Article 44 of the Data Protection Act 2018 regarding the transparency of personal data processing is attached as Appendix 6 of these Terms and Conditions. 12.3 Your personal data may be processed by us, our Affiliates, Counterparties and sub-contractors: (a) in connection with the provision of the services requested by you under the Mandate; (b) in order to perform or to facilitate the performance of credit assessments, or to obtain or provide credit references; (c) for the purposes of confirming and verifying your identity, details and ability to meet your financial commitments, which may involve checking details supplied by you against public or other third party databases; (d) for regulatory reporting purposes; (e) risk management, the detection, investigation and prevention of fraud and any crime or malpractice; (f) in connection with any legal proceedings (including prospective legal proceedings) and for obtaining legal advice or for establishing, exercising or defending legal rights;

docondcusGBRen_v3.2a_17082021BP 12/73 (g) in compliance with Applicable Law; (h) for product research and/or development purposes; (i) to advise you of other products and services similar to those which you receive from us and/or our Affiliates, unless you have requested otherwise in writing; (j) in connection with any reorganisation, sale or acquisition of our business; and (k) in order to manage your relationship with Pictet London. 12.4 Your personal data may be shared with: (a) debt recovery agencies; (b) credit reference agencies who may retain a record of any searches and enquiries in respect of you, which may form part of your credit history; (c) fraud prevention agencies and other governmental and regulatory bodies; (d) third parties to whom we transfer, or may transfer, any of our rights and obligations under these Terms and Conditions; and (e) service providers in connection with an outsourcing arrangement of any business area and/or services (e.g. IT or card services). 12.5 We rely on a number of legal justifications for our processing of your personal data, including where: (a) such processing is required in order to comply with a legal or regulatory obligation (for example in relation to anti money laundering or regulatory reporting requirements); (b) such processing is undertaken in pursuance of our legitimate interests (for example in relation to risk management, credit checking and business development); or (c) in circumstances where no other legal justification is available, we may rely upon your consent to such processing, as indicated in this Clause 12. 12.6 Your personal data may also be transferred to other processing centres or out of the United Kingdom and the European Economic Area, where processing standards may not be equivalent to those in the United Kingdom. We may also process payments through other organisations such as banks and the worldwide payments system operated by SWIFT. Those organisations may process and store your personal data abroad and may have to disclose it to foreign authorities. 12.7 We shall ensure that any sub-contractor and Affiliate to whom we disclose personal data for any of the aforementioned purposes is made subject to appropriate security and confidentiality obligations. 12.8 We may retain personal data for such period as we consider necessary to comply with our legal or regulatory obligations or to defend any potential claim. 12.9 Subject to certain limitations, you may request: (a) to be told about the nature of personal data being held about you, the purpose of processing such personal data; (b) to look at or obtain a copy of your personal data; (c) that any personal data that is believed to be inaccurate is checked and, if inaccurate, is corrected or removed from our records; (d) that we restrict the processing of your personal data where there is a problem with the underlying legality of the processing of such data; and (e) that we erase your personal data, subject to our data retention policy, as may be amended from time to time. 12.10 You may object to the processing of your personal data, change or withdraw your consent at any time, where such consent was relied upon for the collection, use or disclosure of such data. A withdrawal of consent will not affect the lawfulness of any processing of that data that took place prior to such withdrawal. If you do not provide the personal data required by us, we may be unable to provide you with services or otherwise perform our obligations to you. 12.11 If you have any concerns regarding the processing of personal data by us, and we have not sufficiently addressed those concerns, then you may raise your concerns with the Information Commissioner’s Office (www.ico.gov.uk) or your local data protection authority. 12.12 Any request or other communication with respect to access to personal data may be exercised by sending a written request to the Head of Compliance of Pictet London. 12.13 To the extent that we process personal data originating from the European Union on your behalf, the following provisions shall apply: (a) The scope of the processing we carry out on your behalf is as follows: (i) scope, nature and purpose of processing: the personal data Pictet London holds about its clients will be processed in connection with the services provided to the Client as outlined in Clause 12.3 above; and

docondcusGBRen_v3.2a_17082021BP 13/73 (ii) duration: we will retain the personal data we process on your behalf throughout the term of this agreement and for a period thereafter in line with our record retention policy . (b) We shall comply with the express obligations of a data processer as articulated in Articles 59(5)-(7) of the Data Protection Act 2018, provided that we shall not be obliged to delete copies of data that we hold on our behalf as data controller and may transfer personal data outside of the United Kingdom and the European Economic Area in accordance with Clause 12.6 where we have a lawful basis for the transfer. (c) You provide us with a general authorisation to engage further processors to process personal information. We can provide you with a list of those further processors on request. (d) You acknowledge that you have primary responsibility for the processing of the personal data that we process on your behalf, and you will notify us of any assistance you require pursuant to Article 59(5)-(7) of the Data Protection Act 2018 and we will discuss the required assistance and any associated costs. 12.14 In the event that all or part of the United Kingdom ceases to be recognized by the European Commission as ensuring an adequate level of protection for personal data pursuant to Article 45 of the GDPR, the Parties hereby agree that (in the absence of any alternative safeguards having been put in place in accordance with Article 46 of the General Data Protection Regulation), the standard contractual clauses for data transfers between EU and data controllers in non- EU countries (available at https://ec.europa.eu/info/law/law-topic/data-protection/international-dimension-data- protection/standard-contractual-clauses-scc_en) shall automatically be deemed incorporated into this Agreement in respect of any personal data being transferred from the European Union to the United Kingdom, subject to the financial limits and exclusions of liability set out in this Agreement. The categories of data, purposes of processing, recipients, and processing operations are as set out in the Pictet Group Privacy Notice. 13. Waiver to include your name and address on documents 13.1 You expressly consent to have your name(s) and address(es) included on documents (e.g. Account statements, Portfolio valuations etc) issued by us. 13.2 You acknowledge that Accounts are maintained through an IT system, which is shared at the Pictet Group level and hosted on servers at a company of the Pictet Group in Switzerland. This system complies fully with the conditions for exporting data, ensuring client confidentiality and securing IT systems as governed by Applicable Law. Specifically, no confidential information regarding private clients can be accessed in the system. Accordingly, you confirm that you are aware that the inclusion of your identification details on documents issued by us will make this information accessible on the central computer system of Banque Pictet & Cie SA in Geneva. 13.3 We confirm that Banque Pictet & Cie SA in Geneva and, more generally, the Pictet Group will apply standards of confidentiality subject to Applicable Law. Furthermore, all your personal identification data will be used solely for operational purposes and will continue to be archived in Luxembourg, where your documents will be stored. 14. Tax reporting obligations of Pictet 14.1 We or any Affiliate may need, or reasonably believe we may need, to share information, whether now or at a future date, about your relationship with us, including information about your account(s), with tax authorities in other countries (for example, the United States). We or any Affiliate may share this information with the relevant tax authorities directly, or through tax authorities in our own jurisdiction or the jurisdiction of our Affiliate. We or any Affiliate may also require you to provide us or any Affiliate with more information about your identity, tax residence, nationality, ultimate owners, controlling persons and status so that we or any Affiliate can meet what we perceive to be our obligations to tax authorities. You irrevocably acknowledge that: (i) we may disclose that information to such tax authorities; and (ii) if you do not provide us or any Affiliate with the information (whether listed above or not) that they need or reasonably believe they need, we or any Affiliate may have to make deductions from amounts paid to you, close the Account(s), or both. 14.2 You authorise us as your agent and in your name and on your behalf to complete, execute and deliver any declaration of residence or domicile (or similar document) and any ancillary documentation (including making the disclosure referred to above) for Taxation purposes. We may deliver those documents to paying agents or sub-custodians or other third parties (including their own tax authorities) where appropriate and that information may be made available directly or indirectly to the local tax authorities or to the tax authorities where you reside. This authority is irrevocable. 14.3 You acknowledge your obligations to provide information to us under Clauses 14.1 and 14.2 above and that a failure to accurately provide and update that information could put us or our Affiliates in breach of our obligations under The Foreign Account Tax Compliance Act (FATCA), The Common Reporting Standard (CRS), or any similar legislation enacted by a foreign government, any other intergovernmental agreement that the UK may enter into with the governments of other jurisdictions and/or any law or regulation which enacts the terms of such foreign legislation or intergovernmental agreements into UK legislation. If you have failed to comply with your obligations under Clauses 14.1 and 14.2 above, then we reserve the right to close your Account(s) at any time with immediate effect, whereupon docondcusGBRen_v3.2a_17082021BP 14/73 your obligations, including the settlement of outstanding transactions and the payment of any and all charges and other amounts due shall become immediately payable and any amounts due from us to you (including the amount of deposits and accrued interest but subject to the product specific terms and conditions) shall become immediately payable. 14.4 The London Branch is a reporting Financial Institution in the UK under the UK Regulations (as defined below) and is therefore required, based on the International Tax Compliance Regulations 2015 (SI 2015/878) (the “UK Regulations”), to report information regarding certain accounts and follow related due diligence procedures, consistent with the scope of exchange contemplated by the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information of 29 October 2014 (“Agreement”). The UK Regulations are the legal basis for implementing the Automatic Exchange of Financial Account Information in Tax Matters (the ”AEI Standard”) (as well as other reporting regimes such as FATCA and the EU Directive on Administrative cooperation) in the UK. 14.5 The reportable information includes personal data and information concerning the reportable account. In particular, the London Branch must report the following information with respect to each reportable account to HM Revenue and Customs (“HMRC”): • Name, address and (if relevant) date and place of birth of the account holder, the beneficial owner and/or the controlling person (as applicable); • Tax Identification Number (“TIN”) of the account holder, the beneficial owner and/or the controlling person (as applicable); • Number of the account held with the London Branch; • Name and identification number (where available) of the London Branch; • Account balance or value as at year-end or the date that the account was closed if the account was closed in the course of the year; • Total gross amount of dividends, interest and other income as well as gross proceeds from the sale or redemption of financial assets paid or credited to the account. 14.6 Reporting UK Financial Institutions are required to report information on reportable accounts held by reportable persons annually to HMRC. After receiving this information, HMRC exchanges it with the reportable person’s country of residence. Information is exchanged only with partner jurisdictions which have agreed to provide information under the AEI Standard and are identified in a published list. The list of partner jurisdictions is available at https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim402340 14.7 Generally, the information exchanged may be made available only to tax authorities of a partner jurisdiction in which the reportable person is resident and may be used solely for tax purposes referred to in the Agreement and the Convention on Mutual Administrative Assistance in Tax Matters (the “Convention”). In principle, it is prohibited for the receiving partner jurisdiction to forward the information received to another jurisdiction, and it must treat the information as confidential. Generally, the receiving partner jurisdiction may make the information exchanged available only to persons and authorities responsible for handling or supervising taxation in that country. All information exchanged is subject to the confidentiality rules and other safeguards provided for in the Convention, including the provisions limiting the use of the information exchanged and, to the extent needed to ensure the necessary level of protection of personal data, in accordance with the safeguards that may be specified by the UK as required under its domestic law and listed in the annex of the Agreement. 14.8 Regarding the information collected by the London Branch and the transmission of such information to the competent authorities of the partner jurisdictions, the reportable persons have the rights defined in the Articles 12-14 of the Data Protection Act 2018 which becomes effective on 25 May 2018, as follows: • Vis-à-vis the London Branch The reportable person is entitled to the full extent of legal protection offered by the Data Protection Act 2018 vis-a-vis the London Branch. The London Branch must provide the reportable person with certain information, including: • The contact details for the London Branch’s data protection officer; • The fact that data will be passed on to HMRC; • The legal basis under which information will be disclosed to HMRC; and • The reportable person’s rights to e.g. access, correction and objection. Moreover, the reportable person is also entitled to request that incorrect or incomplete data in the London Branch’s systems be corrected or completed (as applicable), and (subject to certain exceptions) that data be erased once it is no longer necessary for the purposes of the London Branch. • Vis-à-vis the HMRC The main right of the reportable person vis-à-vis HMRC is the right to access information. He is entitled to request that incorrect or incomplete data be corrected or completed (as applicable). The reportable person’s right to access date held docondcusGBRen_v3.2a_17082021BP 15/73 by HMRC is however subject to a number of exemptions, for example where release of the information may prejudice the assessment or collection of tax. The reportable person does not have the general right to access HMRC records or to block the disclosure of personal details vis-à-vis HMRC. 15. Joint Accounts 15.1 If you are opening a joint Account or if otherwise you are more than one natural person, your obligations under the Mandate will be joint and several. This means that each such person will be individually as well as jointly responsible for all the obligations in the Mandate, including the entire amount of any fees, charges or costs on the Account. 15.2 Any notice given to any one of such persons will be deemed to be given to all of them. Unless otherwise stated in the Account Application Form, we may act on the Instructions of any one such person. This means that one party to a joint Account can withdraw the entire Account alone. However, we reserve the right to require written Instructions from each joint account holder, or a court order, if, in our absolute discretion, we consider that appropriate and fair in the circumstances or if we are informed of a dispute between the joint account holders. 15.3 On the death of any one or more joint account holders, the Mandate will not terminate and we may treat the survivor(s) as the only person(s) entitled to or interested in an Account. We may credit to the Account of joint account holders monies received for the account of any one such joint account holder. 16. Incapacity 16.1 In the event that you become incapable of managing your affairs and: (i) prior to the registration of any power of attorney (including any analogous procedure under other laws) that you may have granted or the appointment of a receiver by the Court of Protection (or similar court or judicial officer); or (ii) if there is no power of attorney: (a) we will not carry out any further transactions on the Account; (b) we will respond to corporate events (such as rights issues/scrip dividends) by following our policy for that event and will retain cash for holdings which mature; (c) we will accept payments into the Account, but will not make any further payments out of the Account. 16.2 Our authority under the Mandate is given by you on your behalf as well as on behalf of your successors in title. Accordingly, on your death (if you are an individual), the Mandate will continue in effect unless and until it is terminated by your personal representatives in accordance with Clause 28 of these General Terms. We may in our sole discretion (but, prior to receiving a certified copy of any grant of representation, are not bound to) act on the instructions of your personal representatives. Following receipt of notice of the death of a sole or joint account holder, but prior to our receipt of a grant of representation, we may (but will not be obliged to) act on an Instruction given on your behalf if we are satisfied that the Instruction has come from an appropriate person and your personal representatives or successors in title have confirmed to us that acting on the instruction will not adversely affect the interests in your estate and your estate is not insolvent and your creditors have been or will be paid. We will respond to corporate events (such as rights issues/scrip dividends) by following our policy for that event, and will retain Cash for holdings which mature. In relation to Accounts, we will accept payments into the Account, but we will not make any further payments out of the Account, except (if we consider it appropriate in all the circumstances) to meet the estate’s inheritance tax liability to the relevant tax authority or other expenses related to the administration of the estate. 17. Sub-contracting and delegation 17.1 We shall be entitled from time to time in our discretion to delegate the performance of any of our services or functions or of any of our powers, authorities or duties to any person, including to another Pictet Group Company, and to remunerate such delegate for the services it provides. 17.2 We may provide information about you and the Portfolio to any person to whom we delegate under this Clause 17 of the General Terms. Our responsibility for and liability to you for any functions so delegated shall not be affected by such delegation. However, in the event you instruct us to use a specific delegate, we shall have no responsibility for the selection or use of such delegate or for its acts or omissions. 17.3 We shall be entitled to use agents (including, without limitation, other Pictet Group Companies) to perform any administrative, dealing or ancillary services required to enable us to perform our functions under the Mandate. We shall use reasonable skill and care in the selection and use of agents (unless instructed by you to use a specific third party, in which case we shall have no responsibility for the selection or use of such agent or for its acts or omissions). 18. Class actions 18.1 Class actions are legal rights for the beneficial owner of an Investment and are not something that we can undertake on your behalf, nor can we give legal advice on the action you should take. 18.2 Accordingly, in accepting these Terms and Conditions, you understand and agree that we will not advise nor act for you in any legal proceedings, including bankruptcies or class actions. It is important that you seek your own legal advice regarding such legal proceedings. docondcusGBRen_v3.2a_17082021BP 16/73 18.3 We will use reasonable endeavours to pass on information, issued by the relevant company, that has come to our notice in relation to a class action to you. However, we will not actively search for such information. 19. Fees and expenses 19.1 We will provide you in good time with appropriate information regarding all costs and related charges in accordance with Applicable Law. Depending on its nature, such information will either be included in the Fee Schedule in accordance with this Clause 19 or the statement provided to you in accordance with Clause 2 of the Banking and Custody Special Terms. Such information shall include information relating to both investment and ancillary services, including the cost of any Investment recommended or marketed to you, how you may pay for it, and any third-party payments. The information about all costs and charges will be aggregated, and we will provide an itemised breakdown upon your request. 19.2 You shall pay our fees in accordance with our standard fees and expenses as set out in the Fee Schedule provided to you with the Account Application Form. The Fee Schedule can be amended from time to time. Where we change the standard fees and expenses set out in the Fee Schedule, we will notify you at least thirty (30) days before the change comes into effect where the change is material and/or to your disadvantage. However, where the change is not material and/or to your disadvantage, we will not provide prior notification but will notify you within thirty (30) days after the change takes effect. When executing transactions, you shall be deemed to have accepted any amendment to the Fee Schedule. If you do not accept any such amendment to the Fee Schedule, you have the right to terminate your relationship with us in accordance with Clause 29 of these General Terms. 19.3 Where fees are calculated by reference to the value of Investments, the fees payable will depend on fluctuations in the financial markets on which the Investments are traded. 19.4 You shall be responsible for payment of any Taxation, transfer fees, registration fees and all other liabilities, charges, costs and expenses payable or incurred by us under or in connection with the Mandate (other than our own tax liabilities). 19.5 Any amount payable to us will, where applicable, be deducted from the Cash Account and we may also sell such Investments as we, acting reasonably, consider appropriate from time to time to discharge any outstanding Liabilities. We reserve the right to charge interest on any amount payable by you which remains unpaid 30 days after the invoice date at our prevailing overdraft rate for the relevant currency – being:. (a) where you have an authorised overdraft agreement with us in accordance with Clause 19.5 of the Banking and Custody Special Terms, the Interest Rate for that authorised overdraft agreement applicable to the currency of the Liabilities; or (b) where you do not have an authorised overdraft agreement with us, the interest rate applicable to unauthorised overdraft facilities for the currency of the Liabilities as set out in Clause 19.4 of the Banking and Custody Special Terms. 19.6 You remain liable for the fees, interest and expenses due, even if payment is not demanded until after the Account has been closed. 20. Creation and discharge of Security Interests 20.1 You, with full title guarantee and as continuing security for the payment of all Liabilities, charge in favour of Pictet by way of first fixed charge the Accounts and all Cash and Investments, but so that Pictet shall not in any circumstances incur any liability whatsoever in respect of any calls, instalments or otherwise in connection with the Investments. For the avoidance of doubt, the Investments shall include Uncertified Investments. 20.2 Subject to Clause 20.3 below, if we are satisfied that all amounts which may be or become payable by you under or in connection with these Terms and Conditions have been irrevocably paid in full and that all Liabilities have terminated, we shall, at your request and cost, release, reassign or discharge (as appropriate) the Security Assets from the Security Interests, without recourse to, or any representation or warranty by, us or any of our nominees. 20.3 If we consider that any amount paid or credited to us under or in connection with these Terms and Conditions is capable of being avoided or otherwise set aside, that amount shall not be considered to have been paid for the purposes of determining whether all the Liabilities have been irrevocably paid. 20.4 At your request, we may, in our absolute discretion, permit you to dispose of or otherwise deal with any of the Security Assets. You shall not otherwise be entitled to dispose of or otherwise deal with any of the Security Assets. If at any time you consent to such disposition or dealing, that consent shall in no way constitute a waiver of our right to refuse to give our consent to any other request. 21. Further assurances 21.1 You shall promptly do all such acts or execute all such documents (including assignments, transfers, mortgages, charges, notices and instructions) as we may reasonably specify (and in such form as we may reasonably require in favour of Pictet or its nominee(s)):

docondcusGBRen_v3.2a_17082021BP 17/73 (a) to perfect the Security created or intended to be created under or evidenced by these Terms and Conditions (which may include the execution of a mortgage, charge, assignment or other Security over all or any of the assets which are, or are intended to be, the subject of the Security Interests) or for the exercise of any of our rights, powers and remedies provided by, pursuant to or in connection with these Terms and Conditions or by law; (b) to confer on us Security over any of your property and assets located in any jurisdiction equivalent or similar to the Security intended to be conferred by or pursuant to or in connection with the Terms and Conditions; and/or (c) to facilitate the realisation of the assets which are, or are intended to be, the subject of the Security Interests. 21.2 You shall take all such action as is available to you (including making all filings and registrations) as may be necessary for the purpose of the creation, perfection, protection or maintenance of any Security conferred or intended to be conferred on us by, pursuant to or in connection with these Terms and Conditions. 22. Saving provisions 22.1 Subject to Clause 20.2 above, the Security Interests are continuing Security and will extend to the ultimate balance of the Liabilities, regardless of any intermediate payment or discharge in whole or in part. 22.2 If any discharge, release or arrangement (whether in respect of the obligations of the Client or any security for those obligations or otherwise) is made by us in whole or in part on the basis of any payment, security or other disposition which is avoided or must be restored in bankruptcy, insolvency, liquidation or otherwise, without limitation, then your liability and the Security Interests will continue or be reinstated as if the discharge, release or arrangement had not occurred. 22.3 The Security Interests are in addition to and are not in any way prejudiced by any other guarantee or security including any lien, rights of set-off and any other rights we may be entitled to now or subsequently. 22.4 Save with respect to any acts or matters which are permitted under these Terms and Conditions, you shall not do, or permit to be done, anything which could reasonably be expected to prejudice the legality, validity or enforceability of the Security Interests. 22.5 Except as provided or permitted in or in connection with these Terms and Conditions, you have not assigned, transferred or otherwise disposed of the Security Assets (or your right, title and interest to or in the Security Assets), either in whole or in part, nor agreed to do so, and will not at any time do so or agree to do so. 22.6 Except for the Security Interests, no Security exists on or over the Security Assets. You shall not, without our written consent: (a) except as set out in these Terms and Conditions, in any way, either create or dispose of (or agree to) any legal estate or legal or equitable interest (including a mortgage) in the Security Assets; or (b) negotiate, settle or waive any claim for Loss, damage or other compensation affecting the Security Assets. 23. Set-off 23.1 To the extent permissible under Applicable Law, you waive any right of set-off you may have now, or at any time in the future, in respect of the Liabilities. 23.2 Without prejudice to our rights under Applicable Law, we may, without prior notice to you, set off against any Liabilities any amount owed by us to you including any amount standing to the credit of any of the Accounts. For such purpose, we may make such currency conversions as may be necessary at the then prevailing spot rates for the sale and purchase of the relevant currencies. 23.3 The provisions of this Clause 23 shall survive the termination of these Terms and Conditions. 24. Events of Default 24.1 Any determination of whether an Event of Default has occurred shall be made by us using reasonable judgement. You undertake to notify us immediately in writing of the occurrence of any such event which shall constitute an Event of Default (although any failure to notify will not prevent an Event of Default from having occurred). 24.2 An Event of Default shall occur if: (a) you do not pay on the due date any amount payable pursuant to the Mandate at the place at and in the currency in which it is expressed to be payable unless your failure to pay is caused by an administrative or technical error and payment is made within five Business Days of its due date. (b) you do not comply with any provision of the Mandate. (c) any representation or statement made or deemed to be made by you in the Mandate or any other document delivered by you under or in connection with the Mandate is or proves to have been incorrect or misleading in any material respect when made or deemed to be made. (d) any indebtedness or other financial obligation of yours is not paid or met at its stated maturity or by reason of any default or Event of Default or analogous event on your part, becomes due prior to its stated maturity or any

docondcusGBRen_v3.2a_17082021BP 18/73 of your creditors become entitled to declare any such indebtedness due and payable prior to its stated maturity or, if payable or repayable on demand, when so demanded. (e) you have an expropriation, attachment, sequestration, distress or execution order affecting your assets which is not discharged within a time period to be notified by us to you. (f) you become unable to, or admit your inability to, pay your debts as they fall due, stop or threaten to stop making payments by reason of actual or anticipated financial difficulties, commence negotiations with one or more of your creditors with a view to rescheduling any of your indebtedness or a moratorium is declared in respect of any of your indebtedness. (g) the value of your assets is less than your Liabilities (taking into account contingent and prospective liabilities). (h) any person validly enforces security over any of your assets, or a receiver, judicial factor, interim trustee or similar official is appointed over the whole or any part of your assets. (i) you have presented a petition for a bankruptcy order made against you or a bankruptcy order is presented against you. (j) an application is made by you or on your behalf in connection with a proposal to creditors for a voluntary arrangement, or you make or seek to make any other composition, compromise, assignment or arrangement with creditors or otherwise take advantage of any statute affording relief for insolvent debtors. (k) an analogous event as described in paragraphs (a) – (j) above occurs in any jurisdiction. (l) it becomes unlawful for you to perform any of your obligations under the Mandate or the security created or expressed to be created or evidenced by these Terms and Conditions ceases to be effective. (m) any of your obligations under the Mandate are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects our interests. (n) you rescind or purport to rescind or repudiate or purport to repudiate the Mandate or any Security Interests or evidence an intention to rescind or repudiate the Mandate or any Security Interests. (o) any Security Interest is not in full force and effect or does not create in our favour the Security which it is expressed to create with the ranking and priority it is expressed to have. (p) we determine that a Material Adverse Effect exists, has occurred or might occur. 25. Remedies upon an Event of Default Notwithstanding Clauses 23 and 24 above, on and at any time after the occurrence of an Event of Default which is continuing, we may, by notice to you: (a) cancel any commitments under or in connection with these Terms and Conditions, whereupon they shall immediately be cancelled; (b) declare that all or part of the amounts outstanding under or in connection with these Terms and Conditions, together with accrued interest, be immediately due and payable, whereupon they shall become immediately due and payable; and/or (c) declare that all or part of the amounts outstanding under or in connection with these Terms and Conditions be payable on demand, whereupon they shall immediately become payable on demand. 26. Enforcement of Security Interests 26.1 The Security Interests shall be immediately enforceable on and at any time after the occurrence of an Event of Default which is continuing. 26.2 You hereby irrevocably authorise us at any time after the occurrence of an Event of Default, if any amount due to us or any of our Affiliates from you has not been paid when due (or on demand, if so payable), at any time after demand on you, to: (a) sell or otherwise realise, appropriate or take possession of all or any of the Investments and Cash Accounts in such manner, at such time or times and to such person or persons as we think fit; and (b) apply the proceeds of sale or other realisation or any sums credited to such Cash Accounts in or towards the discharge of the Liabilities in such order and manner as we think fit. 26.3 At any time after the Security Interests have become enforceable, the powers, authorities and discretions conferred by the LPA on mortgagees, including the power of sale and other powers conferred by section 101 (Powers incident to estate or interest of mortgagee) of the LPA, as varied and extended by these Terms and Conditions, shall be immediately exercisable. 26.4 The power of sale and other powers conferred by section 101 (Powers incident to estate or interest of mortgagee) of the LPA on mortgagees, as varied and extended by these Terms and Conditions, shall arise (and the Liabilities shall be deemed due and payable for that purpose) on the date of these Terms and Conditions and shall be exercisable in accordance with Clause 26.3 above.

docondcusGBRen_v3.2a_17082021BP 19/73 26.5 Section 103 (Regulation of exercise of power of sale) and Section 93 (Restriction on consolidation of mortgages) of the LPA shall not apply to these Terms and Conditions. 27. Conflicts of interest 27.1 We are required to have arrangements in place to manage conflicts of interest between us and our clients and between different clients. We operate in accordance with a Conflicts of Interest Policy (attached at Appendix 2) put in place for this purpose, which identifies those situations in which there may be a conflict of interest and the steps taken to manage those conflicts. Where the arrangements under the Conflicts of Interest Policy are not sufficient to manage a particular conflict so that a risk of material damage to your interests cannot be prevented, you will, where appropriate, be informed of the nature of the conflict so as to enable you to make an informed decision as to how you wish to proceed. Where we consider that the only way to adequately manage a conflict will be to avoid it, the relevant activity to which the conflict relates may need to be terminated and you will be informed accordingly. 27.2 Unless required by Applicable Law, we shall not be liable to account to you for any profit, commission or remuneration made or received from or by reason of any transaction carried out where there is a conflict of interest or any connected transactions, nor will our fees, unless otherwise provided, be decreased. 27.3 From time to time, the Portfolio may contain Investments where we or another Pictet Group Company are involved in the issue, offer for sale, underwriting, sub-underwriting, management or arrangement. 28. Protection of third parties No third party that we deal with, including their receiver or agents shall be concerned to enquire: (a) whether the powers conferred on us, any receiver or our agents have arisen or become exercisable; (b) whether any consents, regulations, restrictions or directions relating to such powers have been obtained or complied with; (c) whether we, any receiver or our agents are acting within such powers; (d) whether any money remains due under the Mandate; (e) as to the propriety or validity of acts purporting or intended to be in exercise of any such powers; or (f) as to the application of any money paid to us, any receiver or our agents. 29. Termination 29.1 The Mandate does not have a fixed duration and will continue for an indefinite period, unless terminated by you or us in accordance with this Clause 29 of these General Terms. 29.2 The Parties may terminate the Mandate at any time by giving thirty (30) days’ written notice to the other in accordance with Clause 3 of these General Terms, or on occurrence of an Event of Default, in which case the Mandate may be terminated immediately and the remedies for an Event of Default may be exercised. 29.3 You should provide written notification of termination to the following address: Head of Compliance, Pictet & Cie (Europe) S.A., London Branch, Stratton House, 6th Floor, 5 Stratton Street, London W1J 8LA, UK, or by email to [email protected]. 29.4 Any such termination shall not affect any right or liability in respect of services provided by us, transactions already effected by us or any instruction given by you hereunder, including any related accounts. These Terms and Conditions will continue to apply until all services, accounts and transactions have closed or completed and your outstanding amounts and liabilities have been paid in full. 29.5 To the extent applicable, we will complete any transactions in progress at the date of termination as soon as practicable. On termination, we may close out all or any contracts or open positions (without being responsible for any Loss or diminution in price). We shall also be entitled to sell or otherwise dispose of any of the Investments and to apply all or part of the resulting cash proceeds in discharge of any of your outstanding liabilities of any kind under or in connection with the Mandate (but only to the extent that the Cash is not sufficient for this purpose). In addition, on termination we shall be entitled in our absolute discretion to close any of your Accounts without further notice to you. 29.6 You acknowledge that some Investments (such as and hedge funds) may be illiquid. For example, they may have lock-up periods or may have the right to impose restrictions on redemptions or transfers which mean that it is not possible to transfer or redeem all or part of the Investments or to so without penalty or at all, until the end of the lock-up period or period of redemption or transfer restrictions, which can be lengthy. It may also be a condition of you owning such Investments that you maintain accounts with us or one of our Affiliates. If you own such Investments, you may have to maintain accounts with us or such Affiliate for a significant period of time beyond the date on which you wish to terminate such accounts or incur penalties in liquidating the Investments. 29.7 On termination by either Party, we: (a) shall not require any additional payment to be made in respect of the termination, but shall be entitled to receive from you or deduct from the Portfolio all fees, costs, charges and expenses accrued or incurred under the Mandate docondcusGBRen_v3.2a_17082021BP 20/73 up to the date of termination, including any costs of transferring or delivering the Cash or Investments and any additional expenses or Losses necessarily incurred or realised in terminating the Mandate; and (b) shall, as soon as reasonably practicable after that, deliver any Cash and Investments net of the deductions referred to above to you or to your order. 30. Taxation 30.1 We draw your attention to the fact that you are solely liable for complying with your tax obligations. We will not be liable for verifying or ensuring that you have complied with your tax obligations. Moreover, we inform you that we do not provide assistance of any sort with illegal evasion of tax obligations and that we cannot be held liable under any circumstances for your failure to comply with your tax obligations. We can provide you with any documents and information needed for you to comply with your obligations. 30.2 We will not be responsible for ensuring that you do not suffer any adverse tax consequences as a result of us providing any services under the Mandate. You should consult your own tax advisers in relation to your tax affairs (or, where relevant, the trust’s or scheme’s affairs). 30.3 You shall give us all the information concerning your personal situation and your tax status on your own accord and certify that this information is correct, accurate and complete. Any change in your tax status or personal situation must be communicated to us as soon as possible but no later than thirty (30) days after the change. You hold us harmless against any Loss that may be incurred as a consequence of your own negligence or omissions in respect of the aforementioned obligations. 30.4 For the avoidance of doubt, these Terms and Conditions do not refer to all taxes and costs which you may have to pay in relation to the Portfolio or our services under the Mandate. 31. Bribery and corruption We confirm that, in so far as may be relevant to the Mandate, we shall not, and shall procure that our Affiliates and any other person who performs services for or on our behalf shall not, offer, give or agree to give, or request, accept or agree to accept from any person, whether for ourselves or on behalf of another, any gift, payment, consideration or benefit of any kind which constitutes an illegal or corrupt practice under the laws of any relevant jurisdiction, including, without limitation, under the UK Bribery Act 2010. 32. Amendments Subject to your right of termination under Clause 29 of these General Terms, we may vary the terms of the Mandate (including these Terms and Conditions) and we will provide written notice to you of such changes. Where the change would be to your disadvantage, we will notify you in writing at least thirty (30) days in advance of the change taking effect. Where the change would not be to your disadvantage, we may make the change immediately without prior notification but we will inform you within thirty (30) days after it taking effect. 33. Language The Mandate (including, without limitation, these Terms and Conditions) is provided to you in English and, unless otherwise agreed between the parties, all communication between you and us, and where relevant any Affiliate, will be in English throughout the duration of the Mandate. Any document provided in another language is for ease of reference only and, in the event of any conflict, the English language version shall prevail. 34. Record retention 34.1 Our records, unless shown to be wrong, will be evidence of your dealings with us in connection with the Mandate. You confirm that you will not object to our records being admitted as evidence in any legal proceedings on the basis that such records are not originals, are not in writing or are documents produced by a computer. You will not rely on us to fulfil your own record keeping obligations, if applicable, although you may request that we make records of your dealings with us available to you. 34.2 In accordance with Applicable Law, we will retain all your records for a minimum period of six (6) years following the termination of the Mandate. You acknowledge that we may not be able to provide records after the minimum period of six (6) years has expired. 35. Rights and remedies Our rights and powers under these Terms and Conditions will not be affected or impaired by any delay or omission by us in exercising (or any previous exercise by us of) any such rights or powers. Any single or partial exercise or enforcement of any right, remedy, power or privilege shall not preclude the exercise or enforcement of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided in these terms and conditions are cumulative and not exclusive of any provided by law or otherwise.

docondcusGBRen_v3.2a_17082021BP 21/73 36. Partial invalidity Each of the provisions of these Terms and Conditions shall be severable and distinct from one another and, if at any time any one or more of those provisions is or becomes invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. Furthermore, in such circumstances, unless the basic intention of the Parties is materially prejudiced thereby, the Parties shall use best efforts to agree revised terms approaching, to the fullest extent possible, the terms originally agreed and which are or have become invalid, illegal or unenforceable. 37. Assignment 37.1 The Mandate is personal to the Parties and neither Party shall assign, novate, transfer, mortgage, charge, subcontract or deal in any other manner with any of its rights and obligations under the Mandate without the prior written consent of the other party. 37.2 You hereby give your consent to our causing at any time all or any part of our rights and/or obligations under the Mandate to be transferred to any other Pictet Group Company (the “Transferee”) by delivering to you a substitution notice. Upon delivery of a substitution notice to you: (a) to the extent that in the substitution notice we seek to transfer by assignment any of our rights under the Mandate, such rights shall be assigned to the Transferee; (b) to the extent that in the substitution notice we seek to transfer by novation any of our rights and obligations under the Mandate: (i) the Parties hereto shall, to such extent, be released from further obligations to each other under the Mandate and the respective rights of the Parties against each other thereunder will be cancelled; and (ii) you and the Transferee will simultaneously acquire the same rights and assume the same obligations between you and the Transferee as would have been acquired and assumed had the Transferee been an original party to the Mandate instead of us; and (c) the Transferee shall become a Party to the Mandate in our place. 38. Third party rights The terms of the Mandate do not create any right or benefit enforceable by any person or persons not party to it, except that an Affiliate may enforce rights as expressed in these Terms and Conditions. Accordingly, a person who is not a party to the Mandate or to any agreement to which it relates shall have no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any such term of such agreement. 39. Entire agreement The Mandate, which, for the avoidance of doubt, includes these Terms and Conditions and, as the case may be, any supplemental written agreement entered into by the Parties, constitutes the entire agreement between the Parties unless otherwise agreed in writing. If you are relying on anything other than something contained within these Terms and Conditions or within any supplemental written agreement, it is important for you to contact and inform us promptly. 40. Complaints 40.1 We have a written procedure for the effective consideration and fair and proper handling of complaints from clients in relation to any service provided by us to you under these Terms and Conditions. Any written complaint should be sent in writing and addressed to the Head of Compliance, Pictet & Cie (Europe) S.A., London Branch, Stratton House, 6th Floor, 5 Stratton Street, London W1J 8LA, UK. You are also entitled to make a complaint orally. Our written complaints procedures are available from us on request. 40.2 You may also have the right to complain directly to the Financial Ombudsman Service, Exchange Tower, London E14 9SR, if we are unable to resolve the complaint to your satisfaction. Further information about the Financial Ombudsman Service can also be found at www.financial-ombudsman.org.uk. This is without prejudice to your right to complain to any other competent regulatory authority or other relevant body. 41. Governing law 41.1 The terms of the Mandate (including, without limitation, these Terms and Conditions) and any non-contractual obligations arising out of or in connection with such terms shall be governed by and construed in accordance with English law. 41.2 You hereby submit to the exclusive jurisdiction of the English courts and waive any objection which you may now or in the future have to the English courts as a venue for any proceeding in connection with the Mandate and any claim which you may now or in the future be able to make. This shall not affect our right to serve process in any other manner permitted by law or to bring proceedings in any other competent jurisdiction.

docondcusGBRen_v3.2a_17082021BP 22/73 41.3 Upon our specific request, you will, at your expense, promptly appoint an agent for service of process in England and Wales. 41.4 Certain persons are entitled by law to certain immunities from the legal process, which may apply on the grounds of sovereignty or on other grounds. We consider the exercise of such immunities inconsistent with our relationship with you. Accordingly, you agree that, should we take proceedings anywhere (whether for an injunction, special performance, damages or otherwise), no such immunity (to the extent that it may at any time exist) may be claimed by you or with respect to your assets and that you hereby waive any such immunity.

docondcusGBRen_v3.2a_17082021BP 23/73 Section 3: Banking and Custody Special Terms We will (acting through Pictet London), unless you specify otherwise in writing, provide you with the banking and custody services set out below. These Banking and Custody Special Terms, as well as the General Terms, set out the terms and conditions upon which we will provide such services to you. Part A: General 1. Our services The banking and custody services which we will provide to you may include: (a) safe custody and related valuation services; (b) settlement and clearing services for Investment transactions; (c) bank account and deposit facilities; (d) loan and credit facilities for purposes acceptable to us, pursuant to such supplemental terms and documentation as may be from time to time agreed for that purpose. 2. Statements 2.1 We will provide you with regular statements in relation to the Account(s) in such frequency as set out in the Account Application Form (but no less than every three (3) months in accordance with Applicable Law). Such statements, unless otherwise agreed in writing, will be sent to you via Pictet Connect in accordance with the Pictet Connect Special Terms as set out in Section 4 of these Terms and Conditions. 2.2 At your request, we may provide you with paper copies of the statements at the correspondence address set out in the Account Application Form (or as otherwise notified by you from time to time in accordance with these Terms and Conditions). We may charge reasonable additional fees for the provision of paper statements. 2.3 For accounts that are not payment accounts, it is your responsibility immediately on receipt of a statement to check the details and to notify us in the event of a discrepancy. Any objections by you to any statement must be made promptly upon receipt of the statement and in any event not later than 30 days after we have dispatched it. The relevant statement shall otherwise be deemed to have been accepted as correct by you. For transactions on payment accounts, see Part D: Payment Services. 2.4 If you are a Retail Client and your Portfolio includes positions in leveraged financial instruments (i.e., financial instruments that have the potential of magnifying your exposure to an underlying risk) or Contingent Liability Transactions: (a) subject to Clause 2.4(b), we will inform you every time the total value of your Portfolio falls by 10% from the start of each quarter and every time it falls by multiples of 10% thereafter, by the end of the Business Day during which the threshold was reached or, if the threshold is reached on a non-Business Day, by the end of the following Business Day. We do not have to inform you of a loss of value due to withdrawals of cash, Investments or any other assets from the Portfolio; and; (b) you may request, in writing, that we do not provide the reporting referred to in Clause 2.4(a) and, instead, inform you where the initial value of each leveraged financial instrument or Contingent Liability Transaction in your Portfolio depreciates by 10% (and thereafter at multiples of 10%) on an instrument-by-instrument basis. 3. Incorrect entry on Account 3.1 In any case where we inadvertently make an incorrect entry to an Account opened for you (and whether or not either Party has given notice of such entry to the other), we are entitled to correct such incorrect entry by debit or credit to the Account (whether or not you have drawn against or otherwise relied upon the availability of such amount). 3.2 For non-payment services, our sole liability to you in respect of such mistake shall be to account for any interest that would have been due to you had the error not been made. For incorrect entries on payment accounts see Part D: Payment Services. 4. UK Financial Services Compensation Scheme 4.1 Pictet London is covered by the UK Financial Services Compensation Scheme. If you are an eligible claimant, you may be entitled to compensation from the scheme if Pictet London cannot meet its obligations. This depends upon the type of business and the circumstances of the claim. Claims under the UK Financial Services Compensation Scheme are subject to maximum limits on compensation. The limit for deposit taking as at December 2020 is £85,000 per depositor per authorised firm. In addition, in certain circumstances, certain deposits, known as temporary high balances, may qualify for compensation in excess of £85,000. The limit for investment business as at December 2020 is £85,000 per person per authorised firm. 4.2 Further information about the UK Financial Services Compensation Scheme (including information as to who is an eligible claimant) is available from us on request and is also available from the UK Financial Services Compensation Scheme website (see www.fscs.org.uk).

docondcusGBRen_v3.2a_17082021BP 24/73 4.3 You confirm that you have been provided with: (a) an information sheet regarding the protection of eligible deposits, which is attached to these Terms and Conditions as Appendix 5 (the “Depositor Information Sheet”); and; (b) an exclusions list regarding types of deposits which are excluded from protection under the UK Financial Services Compensation Scheme, which is attached to these Terms and Conditions as Appendix 6. We maintain the latest version of the information sheet and exclusions list on our website at the following address: https://www.group.pictet/eu-information/london (identifier: PictetLondon2014). 4.4 In the event of our failure (e.g., the appointment of a liquidator, receiver, administrator, special administrator or trustee in bankruptcy, or any equivalent procedure in any relevant jurisdiction), the failure may primarily be administered in accordance with the laws of Luxembourg. In the event of our failure, it is possible that any money or safe custody assets we hold belonging to you will, as a result of the laws of Luxembourg, be treated differently to money or assets belonging to our other customers. 5. Banker’s references We will only respond to an enquiry to give a banker’s reference in relation to you or a third party where we are authorised or requested by you to do so and to the extent permitted by Applicable Law. We may in our sole discretion refuse to provide such a reference. We shall not be liable to you or to any third party in respect of any statement made in such reference. 6. Tax payments We (or any Affiliate or sub-custodian) may deduct Taxation (including, for the avoidance of doubt, any applicable withholding tax) from any payment to be made to you if obliged to do so under any Applicable Law or contract. However, it shall be the responsibility of the Client to submit tax returns to the revenue authorities in any relevant jurisdiction. 7. Freezing Accounts 7.1 We may, in our sole discretion or in the sole discretion of an Affiliate and subject to Applicable Law, freeze an Account where we consider that: (a) it is reasonably necessary to do so in order to safeguard our (or our Affiliates’) interests, including, without limitation, where continuing to operate the Account might expose us to civil or criminal prosecution in any jurisdiction; (b) such Account is being used for illegal purposes; or (c) there is disagreement about the ownership of the Account or any Cash or Investments credited to that Account. 7.2 In the event of an Account being frozen, we may, without limitation, decline to carry out any transactions in relation to the Account. To the extent permitted by Applicable Law, we shall not be liable for any Loss suffered by you as a result of us having frozen the Account.

Part B: Custody Services 8. Appointment as Custodian 8.1 You authorise us (acting through Pictet London) to open and operate a Custody Account for you and to act as Custodian in respect of Investments held in the Custody Account. We will arrange for the safe-keeping of Investments, the settlement of transactions effected by us (or our Affiliates), the collection of dividends and other income and the effecting of other administrative actions in relation to Investments held in the Custody Account, as provided for below. 8.2 Subject to Clause 8.3 of these Banking and Custody Special Terms, we agree to receive Investments transferred to the Account in your favour and to hold those Investments in safekeeping for you as Custodian. 8.3 We reserve the right to decline to accept any particular Investments for custody. Without limitation to the foregoing, we may refuse to acquire for your account any partly paid Investment or other Investment upon which there remains any liability outstanding after acquisition. 8.4 You agree not to enter into any Short Sale in relation to the Custody Account. 9. Holding of Investments and use of third parties 9.1 All Investments and other assets held by us in custody shall be dealt with as we think proper for the purpose of providing for the safe custody thereof. Investments and other assets may be held by a third party on our behalf. In particular, we may, at our discretion, hold Investments and other assets directly or indirectly through any sub-custodian, clearance system, OTC counterparty, bank, settlement agent, intermediate broker, exchange, agent or nominee. 9.2 We take various measures to ensure, to the extent possible and in accordance with Applicable Law, the protection of your Investments and other assets held by us, and where relevant those held by third-party depositories on our behalf.

docondcusGBRen_v3.2a_17082021BP 25/73 Such measures include the segregation of your Investments from the Investments or other clients and our own assets, keeping records and accounts that allow us to distinguish your Investments from our own assets and/or the Investments of other clients, conducting regular reconciliations between our own internal records and accounts and those of any third party with whom your Investments are held, and appropriate training and monitoring of staff. 9.3 Investments and other assets may be registered in our name or in the name of our nominee or in the name of a sub- custodian or clearance system or a nominee of either, in all cases in accordance with the rules of the FCA Handbook. When such Investments or other assets are registered in the name of our nominee or a nominee controlled by a Pictet Group Company, then we shall accept the same level of responsibility to you for such nominee as we have to you. 9.4 Where we hold your Investments and other assets outside the UK, there may be settlement, legal and regulatory requirements in such overseas jurisdictions which are different from those applying in the UK and there may be different practices for the separate identification of Investments and other assets. Your rights to the Investments and other assets may therefore differ from those you would have in the UK. 9.5 You agree to the registration of your Investments and other assets held overseas in our own name or the name of a sub- custodian or an Affiliate where we consider that it is in your best interests to do so or where it is not feasible to do otherwise because of the nature of Applicable Law or market practice in this area. As a result of the above, the Investments and other assets may not be segregated from Investments and other assets belonging to us or any Affiliate and may not therefore, in the event of insolvency or a similar event, be as well protected from claims made on behalf of our general creditors or any sub-custodian. 9.6 We will exercise all due skill, care and diligence in the selection, appointment and periodic review of any third party which we select for the purposes of holding Investments and other assets and of the arrangements for the holding and safekeeping of those Investments and other assets. We will ensure that any such arrangements are compliant with Applicable Law. 9.7 We will not deposit Investments with a third party in a country which does not regulate the holding and safekeeping of Investments for another person, unless the nature of those Investments or our services connected with those Investments requires them to be deposited as such, or, if you are a Professional Client, you have requested us to do so in writing. 9.8 Subject to Clause 9.3 of these Banking and Custody Special Terms, we shall not be liable for any Losses caused by any acts or omissions of third parties with whom we hold Investments and this shall be at your own risk. In the event of an insolvency or default of a third party sub-custodian, you may not recover all of your Investments. 9.9 In some securities markets and cash clearing systems, deliveries of Investments and payments may be reversed under certain circumstances. Accordingly, credits of Investments to a Custody Account and credits to any Cash Account are provisional and subject to reversal if, in accordance with relevant local law and practice, the delivery of the Investment or the payment giving rise to the credit is reversed. 9.10 You acknowledge and agree that, where your Investments and other assets are deposited with a third party, such third party may have a security interest or lien over, or right of set-off in relation to, your Investments and other assets to the extent we are permitted to grant such rights by the rules of the FCA Handbook. We will only permit security interests, liens or rights of set-off over your Investments or funds enabling a third party to dispose of your Investments or funds in order to recover debts that do not relate to our relationship with you or our services to you, to the extent required by Applicable Law and permitted by the rules of the FCA Handbook. Where we enter into agreements with third parties that create such security interests, liens or rights of set-off over your Investments or funds, we will inform you accordingly, indicating the risks associated with these arrangements. Where security interests, liens or rights of set-off are granted by us, or we have been informed of such, we shall ensure that adequate records are made to ensure that the ownership status of the Investments or funds is clear. 9.11 In the event that we have not received instructions in respect of a Custody Account you hold with us for a period of 12 years (notwithstanding any asset servicing discretion exercised by us in the absence of instructions from you) and we are unable to contact you having made reasonable attempts to do so in accordance with the rules of the FCA Handbook, we may transfer your Investments, or liquidate them and pay the proceeds, to a registered charity of our choice. In these circumstances we will still be liable to pay to you on presentation of a valid claim a sum equal to the value of the relevant Investments at the time they were liquidated or transferred. 10. Pooling of Investments 10.1 Your Investments may be pooled with those of other clients of ours or our sub-custodians in a single omnibus account, subject to Applicable Law. We will maintain records of your interests in these pooled Investments. Your right to specific Investments may not in this case be identifiable and you shall have no right to any specific Investment of an issue but will instead be entitled, subject to Applicable Law, to receive Investments Equivalent to the amount of such Investments credited to your Custody Account.

docondcusGBRen_v3.2a_17082021BP 26/73 10.2 In the event that there is a shortfall in the Investments held in a pooled account (whether due to our default or the default of a sub-custodian or otherwise), any losses arising from the shortfall may be shared among all persons whose Investments are held in the pooled account and you may as a result not receive your full entitlement to Investments. 10.3 For pooled accounts, where corporate events (such as partial events) affect some but not all of the assets held in a pooled account, we shall allocate the assets so affected to clients in such fair and equitable manner as we consider appropriate. Where there are fractional entitlements, such entitlements will be sold and the proceeds allocated pro- rata among all clients whose Investments are registered in the same name. 11. Income and entitlements We shall be responsible for claiming and receiving dividends, interest payments and other entitlements accruing to you in respect of an Investment, in each case net of any applicable tax or other charge withheld by the maker of such payment or distribution. Any sums so received shall be credited to the Cash or Custody Account, as appropriate. 12. Voting rights in Securities held in a Custody Account 12.1 You authorise us (or our Affiliates) to exercise voting rights (or other equivalent rights) attaching to securities held in the Custody Account (“Voting Right(s)”) at annual and extraordinary shareholders’ meetings (the “Shareholders’ Meeting(s)”) as per the terms and conditions set out below. 12.2 You will have indicated in the Account Application Form whether you wish to be informed and consulted before Shareholders’ Meetings. If no preference is indicated in the Account Application Form, you shall be deemed to have elected not to be informed and consulted before Shareholders’ Meetings. 12.3 In the event that you expressly decline to be informed and consulted before Shareholders’ Meetings, we will have discretion as to whether to vote in respect of the proposals put forth by the relevant company’s Board of Directors or not to exercise the Voting Rights. 12.4 In the event that you elect to be informed and consulted before each Shareholders’ Meeting, you and/or your representative must inform us separately of your intention to use the proxy voting service. We shall send any information for you as per the correspondence instructions provided by you in the Account Application Form. We will exercise the Voting Rights only if specifically instructed to do so in good time by you and only in accordance with your instructions. 12.5 The Voting Rights will nevertheless not be exercised: (a) if local law or the company’s articles of association/bylaws do not allow for it; (b) if we are unable to exercise only a portion of the Voting Rights attached to your stake in the company; or (c) if you have not authorised us to communicate the information needed to take part in the Shareholders’ Meetings. 12.6 We do not guarantee that the Voting Rights will be exercised. As such, unless we have acted with negligence, we shall not be held liable if, for example, you were not aware that a Shareholders’ Meeting was being held; if the information received in connection with the Shareholders’ Meetings is not complete or does not reach us or you on time; if it is not reasonably possible to exercise the Voting Rights because of formalities required by the company; or if the company does not allow the Voting Rights to be exercised for reasons beyond our control. 12.7 You authorise us to debit the fees for the services set out in this Clause from the Account. 13. Corporate actions Where we hold Investments which give you rights in relation to a company, we may (but we shall not be obliged to) notify you or obtain your instructions in relation to these matters. We shall take such action as we reasonably consider appropriate in respect of any instructions you provide us with, including action that does not accord with your instructions where following such instructions is not reasonably practicable. 14. Transfer of Investments 14.1 We may transfer Investments (or other assets, including Cash) to any third party (for example an exchange, clearing house or broker) for the purposes of a transaction entered into for you through or with that person, or to meet your obligation to provide collateral for a transaction. In that case, the Investments (or other assets) may become subject to a lien in favour of any such third party in respect of charges relating to the administration and safekeeping of such Cash or assets or of any securities depository, clearing or settlement system. 14.2 When executing transfer or stock exchange orders on the Custody Account or calculating amounts in favour of the latter, we shall determine the value date on which the transaction is entered, in conformity with normal professional practice and the Applicable Law. 15. Settlement 15.1 We are not obliged to settle transactions or deliver Investments to or for your account or to account to you for the proceeds of the disposal of Investments unless or until we have received all necessary documents or Investments or immediately available and transferable funds from you or the Counterparty, as the case may be. Delivery and payment are at your risk. docondcusGBRen_v3.2a_17082021BP 27/73 15.2 We may use such settlement, clearing and other systems as we may select and on the terms of business of the operators of such systems. Settlement shall be effected in accordance with local market or trading practices where the settlement occurs, including, without limitation, delivery of securities before payment and payment of cash before delivery. We shall be entitled in our sole discretion to decide not to proceed with settlement in a particular jurisdiction if, for example (but without limitation), the terms of operation are unduly onerous, there are sanctions in force in respect of the relevant jurisdiction, or there are other risks. You shall bear any Loss arising from non-receipt of payment (or late payment) or non-delivery of property (or late delivery) by the Counterparty. 15.3 Any obligation we have to account to you for any Investment or for the proceeds of sale of any Investment shall be conditional upon our receipt of the relevant Investment or the proceeds of sale from the other party to the transaction. 15.4 You shall pay punctually all calls, instalments and other payments that may become due in respect of the Investments. We shall be under no obligation to make payment for or in respect of any Investment if we hold insufficient Cash for your account. If we decide to expend any sum to make any payment for or in respect of your Investments, such sum will be debited to the Cash Account under an overdraft pursuant to Clause 21 of these Banking and Custody Special Terms, provided that if you have entered into any other financing arrangement with us for the purposes of purchasing Investments, the terms and conditions of such arrangements shall apply. 15.5 The Account will usually be debited with the purchase cost and credited with the sale proceeds as of the contractual date of settlement or the usual settlement date for the market concerned, conditional upon settlement being effected. 15.6 Any foreign exchange transactions for settlement purposes are effected with us or an Affiliate. For non-daily traded Collective Investment Schemes, the settlement date is indicative only and proceeds will be credited when actually received. 15.7 You hereby instruct and authorise us (as agent for and on your behalf) to give all such instructions as may be necessary or desirable and enter into any documents and do all such things as may be necessary or desirable to facilitate the settlement of transactions. 15.8 Subject to Applicable Law, we may effect and arrange for the settlement of transactions effected for you (whether carried out collectively with transactions for other clients or not) on such basis as may be usual for the market or size of transaction concerned and with such Counterparties and through such clearing and settlement system as we may think fit, notwithstanding that the compensation arrangements available in the event of the default of the Counterparty or clearing or settlement system, or any participant or operator in such system, may be less favourable than those obtaining in other markets or for other sizes of transaction or that there may be no such arrangements, and we are expressly authorised for the purpose of such transactions to give such warranties or undertakings on your behalf and to grant such liens or other rights as may be requisite or usual practice. 15.9 Subject to Applicable Law, we may effect and arrange for the settlement of transactions for your account which have been arranged and executed by a third party. In such circumstances, we shall have no liability for any act or omission of such third party in relation to the execution of the relevant transaction(s). 15.10 We will take appropriate measures to prevent any use of the Investments that you have not authorised. For example, where there are insufficient funds in your Account meaning that we cannot deliver on a settlement date, measures that we may take include the following: monitoring our ability to deliver on the settlement date; putting in place remedial measures if we are unable to deliver; and closely monitoring and promptly requesting undelivered Investments outstanding on the settlement date and beyond. We may also propose to enter into agreements with you if there are insufficient funds/Investments in the Account on the settlement date, such as borrowing the corresponding Investments or unwinding the position.

Part C: Banking Services 16. Cash Accounts 16.1 We shall (acting through Pictet London) provide you with one or more Cash Accounts. Cash held in Cash Accounts with us is held by us as banker and not as trustee under the FCA’s client money rules. As your Cash is not held in accordance with the FCA's client money rules, this means that if Pictet London fails, the FCA’s client money distribution and transfer rules will not apply and you will not be entitled to a share in any distribution under the FCA's client money distribution and transfer rules. However, a summary description of the protections applicable in respect of the Cash held in Cash Accounts under the UK Financial Services Compensation Scheme is provided at Clause 4 of these Banking and Custody Special Terms. 16.2 Except as otherwise provided by law, your Cash Accounts (including any subdivisions thereof maintained in different currencies or charged debit interest at different rates and even if the transactions therein are reported in different statements of accounts) shall constitute one single and indivisible Cash Account. We have the right to transfer the balance of any Cash Account (or subdivision thereof) in credit to any other Cash Account (or subdivision thereof) in debit or vice versa, at any time and without prior notice and may make such currency conversions as may be reasonably necessary for this purpose. Each sub-division shall be charged debit interest individually. docondcusGBRen_v3.2a_17082021BP 28/73 16.3 In cases where statutory or regulatory restrictions apply, we may hold Cash for you in a currency other than that initially agreed upon without incurring any liability for any Loss or damages that the Client may suffer as a result thereof. 16.4 We reserve the right to credit or debit any of your Cash Accounts if it has been improperly credited or debited. 17. Acceptance and remittance of funds and assets 17.1 The Client acknowledges that these Banking and Custody Special Terms are subject to the Payment Services Special Terms which take precedence in relation to Payment Services, as set out and defined in Part D to these Banking and Custody Special Terms. 17.2 Funds received by us will be credited for value to the Cash Account. Funds received may be subject to third party charges and the actual amount received for deposit may differ from the remitted amount. 17.3 We are not under an obligation to credit to the Cash Account funds transferred to you if your name and Cash Account number are not accurately stated by the originator of the transfer. In those circumstances, we may either return the funds or temporarily retain them without crediting the Cash Account pending clearer instructions. For all payment, transfer or disposal instructions, we retain the right to determine the place and method of execution that we consider appropriate for the execution of the transaction in question (payment in cash, transmission of funds, transfers, cheques or any other method of payment normally used in banking practice) or to obtain from you details of an account at another bank to which the assets may be transferred. 17.4 Current legislation or certain international payment systems may require the instructing party and beneficiary to be identified. We draw your attention to the fact that it may be necessary to reveal personal details in the transfer documents when transferring funds, and you hereby consent to us communicating this information. We may also, in certain circumstances, require you to supply identity documents relating to the beneficiary of such transfers. 17.5 When issuing transfer instructions, you must supply the international identification code or equivalent (BIC – Bank Identifier Code), the international account number (IBAN – International Bank Account Number), the full name of the beneficiary’s account, as well as the name, address and account number of the originator. If the information required is not given or is inaccurate, we will not be held liable for failure to execute the order or for the incorrect execution of the order. We will make reasonable efforts to recover any amounts which are transferred to the wrong account and shall be entitled to charge fees incurred in recovering the funds reflecting our costs in doing so. 17.6 We handle the personal data included in fund transfer instructions using a central interbank messaging system hosted by a Pictet Group Company in Switzerland, as well as by specialised companies such as SWIFT (Society for Worldwide Interbank Financial Telecommunication). Such matters may be handled via centres situated in foreign countries in accordance with the local applicable legislation. Any client instructing Pictet to execute a fund transfer accepts that the necessary details for the execution of such a transfer may be processed outside the United Kingdom and Luxembourg. 17.7 You must notify us without delay of any unauthorised or incorrect payments made to or from the Cash Account and within 13 months of the date of the debit from your account, where relevant. If any payment is wrongly paid into the Cash Account, we shall be entitled to deduct the amount of the payment, notwithstanding that a payment, transfer or withdrawal may have been made against the amount, or that the deduction may result in the Account becoming overdrawn, or an overdraft limit being exceeded. Notification to you of receipt of a payment will not prevent such payment from being subsequently set aside. 17.8 You may only withdraw Cash from the Cash Account(s) if such Cash is not required to settle outstanding transactions or to satisfy your liabilities under the Mandate, including any liability you may have to us. Nothing in the Mandate shall oblige us to extend credit, grant financial accommodation or otherwise advance monies to you for the purpose of meeting any payments or otherwise satisfying your instructions or obligations. 17.9 We shall be entitled in our sole discretion to refuse to permit any payment out of the Cash Account if: (a) there is an insufficient available balance on the Cash Account (including where the payment would cause any agreed overdraft limit to be exceeded); (b) insufficient information concerning the purpose or destination of the requested payment has been received; or (c) this is necessary to comply with any Applicable Law. 18. Currency conversion 18.1 We may, but are not obliged to, without reference to you convert any money received under these Terms and Conditions from the currency in which it is received into any other currency in the following circumstances: (a) where a payment is made or an amount received in a currency other than the currency of your bank account which is to be charged or credited; (b) where there are insufficient funds in the Cash Account in the currency of the payment but there are funds available in other currencies;

docondcusGBRen_v3.2a_17082021BP 29/73 (c) on receipt of instructions that some or all of the balance of your Cash Account in one currency is transferred to a bank account in another currency; or (d) for the purpose of, or pending, the discharge of the Liabilities 18.2 Any conversion will be effected at our then prevailing spot rate of exchange and any applicable commission. 19. Overdrafts 19.1 You are not entitled to overdraw an account without our prior consent. Unauthorised overdrafts 19.2 If you issue Instructions for a withdrawal or other payment which would result in: (a) your Account(s) becoming overdrawn, or further overdrawn without prior arrangement; or (b) your overdraft limit being exceeded, we may treat your Instructions as an informal request for an unauthorised overdraft. 19.3 We are not obliged to accept an informal request for an unauthorised overdraft and we will not permit an unauthorised overdraft facility where we are unable to comply with Applicable Law in offering such a facility; however, where we do allow an unauthorised overdraft, you may still be liable for associated costs and charges, including any rate of interest chargeable. 19.4 Where applied, the interest rate will reference the Reference Rate for the currency of the transaction which caused you to go into an unauthorised overdraft plus an additional 5.35% (constituting our funding costs at 0.35% and an additional margin fee at 5%). Interest will accrue daily and be charged quarterly. We shall confirm with you the precise overall interest rate applicable to your unauthorised overdraft at the earliest opportunity. By entering into an unauthorised overdraft facility, you acknowledge that we may vary the applicable interest rate at any time in accordance with Clause 23 of these Banking and Custody Special Terms, in order to reflect a change in market conditions and our financing costs. In circumstances where the Reference Rate plus our funding costs of 0.35% are less than zero, this combined sum will default to zero, meaning that the overall interest rate payable shall be 5%. Authorised overdrafts 19.5 You warrant and represent that where the proceeds advanced under any loan will be used to acquire or retain property rights in land or in an existing or projected building, the purpose of the loan is to provide a temporary financing solution while transitioning to another financial arrangement for the immoveable property in question. For the avoidance of doubt, we will only advance proceeds in such circumstances where the loan is either of no fixed duration or is due to repaid within twelve (12) months. 19.6 Where we agree to an authorised overdraft, we shall charge the Interest Rate. Interest will accrue daily and be charged quarterly. 19.7 We do not have to agree to provide you with an authorised overdraft facility, but, if we do, we will enter into a separate credit facility agreement with you under a Loan Term Sheet. This Loan Term Sheet will include the overdraft limit, precise interest rates, fees and charges that apply. 19.8 We may change your overdraft limit by giving you personal notice of the new limit. If we are reducing the limit: (a) we will normally give you not less than thirty (30) Business Days’ notice of the reduction; or (b) our notice may provide for the reduction to come into effect immediately if, as a result of the way you operate your Account or due to your financial circumstances (including, without limitation, where we determine in our discretion that the value of your Security Assets has fallen below an acceptable proportion of the amount of your Liabilities and/or we have reasonable grounds to believe that you may have difficulty in meeting your commitments) we reasonably believe it is in your best interests for us to do so. General 19.9 The amount of any overdraft and accrued interest will be repayable by you on our demand. If you fail to repay on demand, we may transfer funds from any of your Accounts or sell any Investment held by us for you, and/or convert currency from any of your accounts for the purposes of repaying your debt to us. We may do so without regard to any specific tax consequence of the sale of such Investment. You may credit Cash to clear or reduce an overdraft at any time. You are responsible for any costs we reasonably incur in obtaining repayment of overdrawn balances. 19.10 You may terminate your overdraft facility at any time by written notice. If you do this, you must repay any overdraft immediately. 19.11 Details of our current standard interest rates may be obtained from your relationship manager on request. For the avoidance of doubt, interest rates are provided on an annualised basis. 20. Credit cards 20.1 From time to time and at your request, we may facilitate the provision of credit cards by third party credit card issuers. docondcusGBRen_v3.2a_17082021BP 30/73 When we provide this service to you, we may provide a guarantee to the credit card issuer in respect of your liabilities of such amount as we determine in our discretion. You will be charged a fee in connection with such a guarantee. 20.2 You acknowledge and agree that the guarantee provided under Clause 20.1 above will be secured in our favour pursuant to the Security Interests under Clause 20 of the General Terms. 21. Loan facilities 21.1 From time to time, we may in our discretion agree to extend credit to you in such amounts as we may agree, for example, by advancing sums to you in connection with the purchase by you of Investments on margin. 21.2 Such loans will be confirmed by way of a separate Loan Term Sheet and will be subject to any terms contained therein, including as to the Interest Rate and (if relevant) duration. Each loan will not be renewed unless there is appropriate documentation in place, including (but not limited to) a separate Loan Term Sheet. 21.3 Each loan will be outstanding from day to day and will be repayable in the currency or currencies in which it is denominated on demand (such demand to be effective immediately) unless otherwise agreed. For the avoidance of doubt, on each day that any loan is outstanding, the aggregate value of such loan shall contribute to the calculation of Liabilities. 21.4 You acknowledge and agree that all borrowings from Pictet (whether by loan, credit facility, an overdraft or howsoever and whether under these Terms and Conditions as supplemented by or under any related agreement or other arrangement) will be secured in our favour pursuant to the Security Interests under Clause 20 of the General Terms. Any additional collateral required by us in respect of a loan will be documented under a separate security agreement. 21.5 All sums payable by you to us in respect of a loan shall be paid to the credit of the accounts we have designated and all such payments shall be made full, free and clear of any deduction of or withholding for or on account of any tax or other withholding now or in the future imposed or made. If at any time you shall be required by law to make any deduction or withholding from any payment due from you to us, you shall simultaneously pay to us such additional amount as may be necessary to ensure that we receive a net sum equal to the payment we would have received had no deduction or withholding been made. 21.6 We reserve the right to cancel or revoke in our absolute discretion any unused credit facility in whole or in part. 21.7 You warrant and represent that where the proceeds advanced under any loan will be used to acquire or retain property rights in land or in an existing or projected building, the purpose of the loan is to provide a temporary financing solution while transitioning to another financial arrangement for the immoveable property in question. For the avoidance of doubt, we will only advance proceeds in such circumstances where the loan is either of no fixed duration or is due to repaid within twelve (12) months. 21.8 We may also arrange for another Pictet Group Company to make loans to you or introduce you to another Pictet Group Company for such purposes. Such loans will be subject to any terms as agreed in separate documentation between you and the relevant Pictet Group Company, including as to interest and duration. 22. Interest 22.1 No interest shall be earned on any Cash Account, regardless of its reference currency. 22.2 In accordance with Clause 19 of these Banking and Custody Special Terms, interest will be due on any overdrawn amount on the Cash Account(s) and we shall be entitled to deduct it from the Cash Account(s) or the Portfolio. 22.3 Interest charges, set by us, shall be due on all debit balances, automatically and without formal notice, without prejudice to any other claim that we may have against you. Unless otherwise agreed, any sums owed to us by you shall be due and payable immediately, even if we do not expressly demand repayment thereof. 22.4 We shall make available to you at any time upon your request the terms and rates of interest (if any) payable by you on the Cash Account. We reserve the right, subject to your right of termination under Clause 29 of the General Terms, and to Clause 23 of these Banking and Custody Special Terms, to modify at any time such terms and rates of interest, the periods for which such interest is calculated, the timing of the debit of any such interest and other relevant terms. 22.5 We reserve the right to charge negative interest rates on balances held in each Cash Account in a particular currency that exceed the Balance Threshold for that currency. Such negative interest rates shall only be charged on balances in each Cash Account held in a particular currency where: (a) we have specified a Balance Threshold for that currency; (b) the central issuing bank of that currency has in place a negative base interest rate for that currency; and (c) the Cash we hold for you in that currency in the Cash Account exceeds the Balance Threshold. For the avoidance of doubt, the Balance Threshold for a currency applies separately in respect of each Cash Account held in your name that holds that currency. 22.6 Negative interest shall become payable from the Business Day on which the Balance Threshold is exceeded and shall

docondcusGBRen_v3.2a_17082021BP 31/73 accrue daily until the earlier of: (i) the Business Day on which the balance of the relevant currency held in your Cash Account is reduced to the Balance Threshold or below or (ii) the central issuing bank of that currency ceases to have in place a negative base interest rate for that currency. Any negative interest accrued shall be charged on a quarterly basis. 22.7 Where a negative interest rate is chargeable it shall be charged at the same rate of negative interest as set by the central issuing bank of the relevant currency. For example, if the European Central Bank interest rate is set at -0.5%, any Euro- denominated balances in each Cash Account above the Balance Threshold for Euro shall be subject to negative interest rate charges of 0.5%. 22.8 Notwithstanding Clauses 22.5 – 22.7 of these Banking and Custody Special Terms: (a) we shall not charge negative interest rates on Cash held in connection with a discretionary investment management Mandate; (b) Cash we hold in connection with a new Mandate (other than a discretionary investment management Mandate) shall be subject to a 3-month grace period from the start of the Mandate, during which it will not be counted towards any applicable Balance Threshold; and (c) we may, in our discretion, agree to extend the 3-month grace period referred to in Clause 22.8(b) immediately above to 6-months. We may also, in our discretion, agree to apply a 3- or 6-month grace period in relation to new Cash received in connection with an existing Mandate, where such Cash is received for the purposes of making investments. 22.9 Where we make changes to the way in which we apply negative interest rates, we shall do so in accordance with Clause 23 of these Banking and Custody Special Terms. 23. Changes to interest rates and negative interest rates 23.1 We may amend interest rates at any time with immediate effect and at any time without giving you prior notice where the changes are more favourable to you. 23.2 If we wish to make a material change to a rate that is not favourable to you, including, but not limited to, charging negative interest rates, we will give advance notice of such change as soon as possible. We shall have discretion to determine whether a change to an interest rate is material, taking into account guidance provided in the FCA Handbook and associated industry guidance from time to time. We will notify you in accordance with the period specified in Clause 32 of the General Terms. You may terminate these Terms and Conditions at any time pursuant to Clause 29 of the General Terms. 23.3 If we wish to make a non-material change to a rate of interest that is not favourable to you, we shall make such information available to you as soon as reasonably possible and in accordance with the period specified in Clause 32 of the General Terms.

Part D: Payment Services 24. Scope of application 24.1 These Payment Services terms (“Payment Services Terms”) relate to the Payment Services that we will provide you in connection with your Cash Account and form part of the Banking and Custody Special Terms. 24.2 Certain types of payment transactions such as bank-note transporting, actual “cash-for-cash” foreign exchange, cheque-related transactions and transactions to service assets and securities are excluded from the scope of application of these Payment Services Terms. 24.3 In the event of any inconsistency, the provisions of these Payment Services Terms shall override the General Terms and the other provisions of the Banking and Custody Special Terms. 25. The Payment Services The Payment Services that we will provide to you are: operating any Cash Account(s), enabling Cash to be placed on and withdrawn from any Cash Account(s) and executing transactions for the transfer of Cash to and from the Client’s Cash Account(s) (the “Payment Services”). 26. Information 26.1 We shall communicate information about your Cash Account to you in accordance with Clause 2 and Clause 32 of the General Terms and Clause 2 of the Banking and Custody Special Terms. 26.2 Without prejudice to the generality of Clause 12 of the General Terms, you explicitly consent to us accessing, processing, and retaining any information you provide to us for the purposes of providing Payment Services to you. This does not affect our respective rights and obligations under data protection legislation. You may withdraw this consent by closing your Cash Account. If you withdraw consent in this way, we will cease using your data for this

docondcusGBRen_v3.2a_17082021BP 32/73 purpose but may continue to process your data for other purposes where we have other lawful grounds to do so, such as where we are legally required to keep records of transactions. 27. Form and procedure for giving consent to perform a payment transaction 27.1 All payment transactions are deemed to be authorised if you have given your consent to the transaction by sending us a duly signed payment order containing all data needed for proper execution. 27.2 The means of communication that we accept for transmitting orders for a payment transaction not including email, are as follows: – Postal mail; – Telephone fax; and – Telephone. 27.3 Where you send a payment Instruction to us via email, we will confirm such an Instruction verbally with you. 27.4 You may withdraw your consent in writing to a payment transaction at any time before the point at which the payment order can no longer be revoked under Clause 29 of these Payment Services Terms. 28. Receipt of payment orders 28.1 Time of order receipt is defined as the time when the payment order, transmitted directly by you, is received by us. 28.2 If the time of receipt is not a Business Day for Pictet, the order is deemed to have been received on the next Business Day 28.3 We will set a cut-off time for the receipt of orders which we will inform you of. Beyond this cut-off time, the payment order will be deemed to have been received on the next Business Day. 28.4 The cut-off time will depend on the currency(ies) used in the payment transaction and on our correspondent(s) for these currencies. 29. Irrevocability of a payment order You may not revoke a payment order once it has been received by us, except in relation to (i) direct debits; and (ii) future dated payments, in respect of which you may revoke your payment order no later than the end of the Business Day before the agreed date for the debit or payment respectively. We may charge an appropriate fee for revoking a payment order pursuant to this Clause. 30. Execution and fees 30.1 Our charges for the Payment Services, including, where applicable, a breakdown of those charges, are set out in the Fee Schedule. We may deduct our charges from any payment transferred to you before crediting Cash to the Cash Account(s). 30.2 Payments are carried out in the currency agreed upon by the Parties. 31. Time taken for execution and value date 31.1 If you pay cash into your Cash Account, the credit value date will be the same as for the receipt of the cash. 31.2 Similarly, in the event of an incoming payment transaction (cash deposit to a payment account), the credit value date applicable to you is the date on which we receive the funds from our correspondent. 31.3 With execution of a payment order, the Cash Account will be debited on the same day that the order is received provided that it arrives before the cut-off time established for the currency. In the event that the order is received after the currency cut-off time, the Cash Account will be debited on the next Business Day. 31.4 The amount will be credited to the account of the payee’s payment service provider no later than the end of the following Business Day provided that the payee is located in a country covered by Applicable Law. 31.5 The debit value date cannot be earlier than the time when the payment transaction amount is debited from the Cash Account. 31.6 Lastly, to allow for execution of some payment transactions, the Parties may decide by mutual consent that execution of the payment order shall start on a specific day or on the day on which you have the funds available in the Cash Account for the transfer or debit to be carried out. In this case, the date of the payment instruction will be deemed to have been received on the specific date of the date on which the conditions for execution of the instruction are met. 32. Payment Instruments and Security 32.1 We may provide you with a personalised device, such as a debit card, or e-banking services such as Pictet Connect (a “Payment Instrument”). 32.2 In the event of any conflict between the provisions in these Payment Services Terms and the Pictet Connect Special Terms, the relevant provision in these Payment Services Terms shall prevail, unless reliance on a provision in the Pictet Connect Special Terms is necessary for us to comply with Applicable Law.

docondcusGBRen_v3.2a_17082021BP 33/73 32.3 You shall: (a) use the Payment Instrument in accordance with the terms and conditions governing its issue, including these Terms and Conditions and the Pictet Connect Special Terms (as applicable) or any other terms and conditions which may be provided to you by us from time to time; and (b) notify us immediately on becoming aware of the loss, theft, misappropriation or unauthorised use of the Payment Instrument. 32.4 You shall take all reasonable steps to keep any personalised security credentials (such as a PIN number) relating to the Payment Instrument. 32.5 You acknowledge that we have the right to stop the use of a Payment Instrument where we have reasonable grounds for doing so relating to: (a) the security of the Payment Instrument; (b) the suspected unauthorised or fraudulent use of the Payment Instrument; or (c) where the Payment Instrument involves the extension of credit, a significantly increased risk that you may unable to fulfil your liability to pay. 32.6 Before stopping your Payment Instrument (or, where this is not possible, immediately afterwards), we will inform you of our intention to do so and provide reasons for doing so, except where informing you would be unlawful. 32.7 In the event that actual or suspected fraudulent activity or security threats in respect of your Cash Account, we will contact you using secure methods. 33. Third Party Providers 33.1 Where you explicitly consent for a payment to be executed through a PISP or use an AISP in respect of your Cash Account, we shall, in accordance with Applicable Law: (a) communicate securely with the relevant PISP/AISP; (b) immediately after receipt of the payment order from any PISP, provide or make available to the PISP all information on the initiation of the payment transaction and all information accessible to us regarding the execution of the payment transaction; (c) treat any payment order or data request, as applicable, in the same way as a payment order or data request, as applicable, received directly from you, unless we have objective reasons for treating the payment order or data request, as applicable, differently; (d) not require the relevant PISP/AISP to enter into a contract with us before complying with the Clauses 33.1(a) – (d) of these Payment Services Terms. 33.2 For the avoidance of doubt, in respect of Cash Accounts held by you and another person, each joint account holder is entitled to provide its explicit consent for a payment to be executed through a PISP or use an AISP, in respect of its Cash Account, and each joint accountholder is entitled to revoke any ongoing consent granted to a PISP/AISP to access its Cash Account. 33.3 In the event that you request that a payment be executed through a PISP and the PISP fails to do so, we will not be held responsible for your payment not being made. 33.4 In the event that you provide your security details or otherwise grant access to your Cash Account to any third party that is not a PISP/AISP, we are entitled assume that you have authorised us to grant access to information about your Cash Account(s) and you shall be responsible for any payments made as a result. 33.5 We may deny a PISP/AISP access to your Cash Account for reasonably justified and duly evidenced reasons relating to unauthorised or fraudulent access to your Cash Account by the PISP/AISP. Where we deny access to any PISP/AISP under this Clause, we shall: (a) notify you of the denial of access and the reason for the denial of access in accordance with Clause 3 of the General Terms. This notification shall, where possible, be provided before the denial of access or otherwise immediately after the denial of access; (b) immediately report the incident to the FCA in accordance with Applicable Law; and (c) restore access to the Cash Account once the reasons for denying access no longer justify such denial of access. 33.6 Notwithstanding the foregoing, we shall not notify you in accordance with Clause 33.5 of these Payment Services Terms if doing so would compromise reasonably justified security reasons or be unlawful. 34. Refusal of a payment order 34.1 We may refuse to execute a payment order where the Terms and Conditions herein have not been met or execution is otherwise unlawful. docondcusGBRen_v3.2a_17082021BP 34/73 34.2 In the event that we do refuse to execute a payment order, we shall notify you at the earliest opportunity in accordance with Clause 3 of the General Terms of: (a) the refusal; (b) if possible, the reasons for such refusal; and (c) where possible to provide reasons for such refusal which relate to factual matters, the procedure for rectifying any factual errors that led to such refusal. 34.3 We shall not be obliged to notify you in accordance with this Clause where such notification would be unlawful. 34.4 In the event of a refusal, with the exception of refusals concerning payments which we have been unable to make within the time limits specified in Clause 31 of these Payment Services Terms despite all efforts, we may levy a charge for the refusal however any such charge shall reasonably correspond to the costs of the refusal. 35. Notice of unauthorised or incorrectly executed payment transactions 35.1 You should inform us as soon as possible about any unauthorised or incorrectly executed payment transactions, including, without limitation, where the relevant payment transaction involves a PISP. Subject to Clause 35.3 below, you shall obtain rectification from us if you notify us of the transaction no later than thirteen (13) months after the debit date. 35.2 We must prove that a transaction was authenticated, accurately recorded, entered in the accounts and not affected by a technical problem or some other deficiency. 35.3 You will only be liable up to a maximum of £35 for transactions based on the use of a lost, stolen or misappropriated Payment Instrument that you did not authorise yourself, regardless of how many transactions there are unless: (a) it would not have been reasonably possible for you to discover the loss, theft or misappropriation of your Payment Instrument before those transactions were made; or (b) we or one of our agents or employees (or those of our sub-contractors) are responsible for the loss of your Payment Instrument, in which case you will not be liable for any such amount; and (c) unless you have acted fraudulently, you will not be liable for any transactions on your Payment Instrument or your Cash Account based on the unauthorised use of that Payment Instrument in the following cases: (i) we have failed at any time to provide the means for making that notification; (ii) the Payment Instrument has been used to make a payment remotely (for example, online or by telephone); or (iii) we were required to authenticate you for the relevant transactions(s) in the way required by Applicable Law, but did not do so. 35.4 In circumstances where you did not authorise a transaction, we shall refund the amount of the unauthorised payment and, where applicable, restore the debited payment account to the state it would have been in had the unauthorised payment transaction not taken place, except where we have reasonable grounds to suspect fraudulent behaviour by you. 35.5 We acknowledge that we are responsible for the correct and timely execution of payment orders initiated by you. In the event that we fail to execute, wrongly executes or executes a transaction late, we will rectify the transaction in order to compensate, where appropriate, your Loss resulting from the non-execution, wrongful or late execution. Reimbursement will correspond to the total amount of the executed payment transaction. 35.6 You acknowledge that you are responsible for ensuring that you provide us any unique identifier, such as a sort code and/or bank account number (“Unique Identifier”), required to enable us to make payments on your behalf, and that any such unique identifier is correct. 35.7 Without prejudice to Clause 35.5, where we execute a payment order in accordance with a Unique Identifier of a payee provided by you, the payment order will be deemed to have been correctly executed and we shall not be liable for any non-execution or defective execution of the relevant payment transaction. 35.8 If we are told (for example, by another bank) that a payment has been made into your Cash Account by mistake, we may provide information about the transaction to the paying party’s (the sender’s) bank if requested to enable them to trace the payment. We can also deduct an amount up to the value of the mistaken payment from your Cash Account provided we reasonably believe that the payment has been paid into your Cash Account by mistake. We will give you written notice that we have done this. If you do not agree that the payment has been made into your Cash Account by mistake you must contact us within the time period set out in the notice. If you do not agree to return the payment we may provide the sender’s bank with your details if requested so that the sender may contact you directly. If you do not contact us within the time period set out in the notice, we will return the payment to the person who made it even if this causes you to go overdrawn (or further overdrawn) where we have arranged for you to have an overdraft. If this means that you would exceed your overdraft limit or, if you do not have an overdraft, you do not have available funds for us to make this payment in full, we will deduct an amount equal to the funds that are available to enable us to make a partial return payment. If the payment was received into your Cash Account more than two (2) months

docondcusGBRen_v3.2a_17082021BP 35/73 before we were told about the mistake we will always seek your specific agreement before we return the payment. We will act reasonably when exercising our rights under this Clause. 36. Refunds for authorised payments 36.1 Where a payment from you was initiated by the recipient of that payment, (for example through direct debit) you can ask us to refund a payment if the following conditions are satisfied: (a) the authorisation you gave did not specify the exact amount to be paid; (b) the amount that has been requested was more than you could reasonably have expected to pay, based on the circumstances, including your previous spending patterns; and (c) you make the refund request within eight weeks of the date from which the payment was made from your Cash Account. 36.2 If you ask us to make a refund under Clause 36.1, we may ask you to provide us with additional information if that information is reasonably necessary to determine whether you are entitled to a refund. You may also find it helpful to contact the person to whom the payment was made. We will either refund you the payment within 10 Business Days of receiving your request, or of receiving any further information we have requested, or we will inform you of our reasons for refusing the refund. 37. Debit interest rate and exchange rate Debit interest rate 37.1 Interest is owed on all debit balances. It shall be payable in accordance with Clause 24 of the Banking and Custody Special Terms. Exchange rate 37.2 We set each exchange rate in reference to the interbank market rate. The rate applied to each payment transaction will feature on the contract note sent to you. We add our own cash margins to each exchange rate, depending on the currencies used. 38. Duration These Payment Services Terms shall continue in accordance with Clause 28.1 of the General Terms. 39. Changes 39.1 Any changes to these Payment Services Terms must be notified to you no later than two months before coming into effect, and you are deemed to have accepted the change if you do not notify us, before the change enters into force, that you do not accept it. However, you have the right to terminate these Terms and Conditions, subject to Clause 29 of the General Terms, immediately and without charge before any such change enters into force. 39.2 We may make the following changes immediately and without prior notice: (a) a change in exchange rate that is based on a change to a reference exchange rate or is more favourable to you; or (b) a change in interest rate that is based on a change to a reference rate or which is more favourable to you, however, we shall inform you following changes to the exchange rate or interest rate referred to in this Clause as soon as possible after they take effect, via Pictet Connect or contract note.

docondcusGBRen_v3.2a_17082021BP 36/73 Section 4: Pictet Connect Special Terms 1. Preamble These Pictet Connect Special Terms govern the relationship between us and the User authorising the User to use the electronic banking services provided by us (hereinafter “Pictet Connect”). The functionalities of the electronic communication services provided to the User will depend on his place of residence and his powers over the Client’s account. The User acknowledges that, depending on the powers and place of the residence, access to certain features may be denied or rescinded. You shall be liable for all actions of the Users on the Account. 2. User Details of each User are set out in the Account Application Form. 3. Legitimacy The User may access our Pictet Connect services in accordance with these Special Terms only if his/her identity is duly authenticated by the system. The User shall use only the means provided to him/her by us to authenticate his/her identity. Once the User’s identity has been duly authenticated by Pictet Connect, we shall automatically deem any message or notification it receives from the User via Pictet Connect as having been sent by the User. The User shall ensure that his/her information is accurate and remains entirely liable for the use of the authentication means. 4. User due diligence The User shall be the sole person liable for acquiring, installing, configuring, managing and maintaining the hardware (including the security token given to you at the time of signing the Mandate or any time thereafter) required for accessing Pictet Connect. In addition, the User shall be liable for ensuring the security, integrity and confidentiality of his environment. Accordingly, the User must take all appropriate measures to prevent the risk of any viruses, infiltration and/or unauthorised attempts to access, collect, copy or destroy information sent to the User through Pictet Connect. Lastly, the User is liable for the access to the hardware provided by Pictet. The User shall take any measures necessary for preventing the abusive or illicit use of Pictet Connect and protecting access to the services available. For security reasons, every User is recommended to regularly change the passwords required for accessing Pictet Connect. Furthermore, the User shall keep the means of authentication strictly confidential and ensure they are kept in a secure location. The User shall remain entirely liable for any damages incurred or caused as a result of non-compliance with this obligation. If there is a reason to believe that the authentication means have been lost, divulged or used fraudulently, the User shall immediately notify us in respect thereof and request that his/her access to Pictet Connect be blocked. The Client is responsible for warning the Users of the risks mentioned in this clause. 5. Confidentiality and security Access to Pictet Connect is protected by a highly secure system using the most up-to-date technology, including access filters, the use of electronic certificates and data encryption. This security system is controlled by Banque Pictet & Cie SA in Geneva, which also ensures the technical interface related to Pictet Connect. Provided the User complies with these Pictet Connect Special Terms, the technology used for Pictet Connect ensures that use of Pictet Connect will remain confidential. 6. Granting and cancelling access rights The User may request that access to Pictet Connect be granted or removed. All requests to cancel access to Pictet Connect must be sent to us in writing. 7. Change in services offered We (or our Affiliates) may cancel, change or otherwise modify the services offered by Pictet Connect as technical aspects of the system and applicable legislation evolve. We will appropriately inform the User thereof. We reserve the right to deny access to Pictet Connect at any time without having to indicate our reason(s) for doing so. 8. Availability of Pictet Connect We shall aim to ensure that Pictet Connect is available as often as possible. Nevertheless, incidents requiring

docondcusGBRen_v3.2a_17082021BP 37/73 maintenance to the system may arise, preventing access to Pictet Connect temporarily. The User shall be liable for the technical risks related to, without limitation, any power outage, disconnection, time- out or system failure, disturbance or the overloading or locking-up of the systems or networks involved therewith. 9. Exclusion of our liability Neither we, nor our Affiliates, may be held liable in any event whatsoever, particularly in (but not limited to) the following cases, except in the event of gross negligence, fraud or wilful default on our part: (a) Misuse by a former User of the access to Pictet Connect or the hardware provided by us. (b) Communication or transmission error resulting from the use of Pictet Connect, particularly in the event of a loss of power, disconnections caused by a telecommunication company or any other public or private intermediary, or any other type of failure related to the computer systems involved. (c) Interruption of transactions in progress causing direct or indirect Losses or a missed gain. (d) Misuse by a third party. The internet does not enable the identity of the actual sender or addressee of a message to be verified with absolute certainty. (e) Interception by a third party or loss or modification of an electronic message sent to or from us or our Affiliates. (f) Information provided or transferred only in part. (g) Information made available to the User that comes from sources external to us or our Affiliates. (h) Incidents resulting from network overload, breakdown or interruption of the networks or systems. (i) Misuse by a third party by way of virus, infiltration and/or unauthorised attempts to access the system by force or to otherwise collect, copy or destroy information sent to the User by Pictet Connect. 10. End of use of Pictet Connect The User and/or we may terminate the use of Pictet Connect with immediate effect for any reason upon receipt of a written termination notice by the other party. As soon as use of Pictet Connect has been terminated, the User undertakes to return to Pictet Connect all the hardware provided to access and use Pictet Connect.

docondcusGBRen_v3.2a_17082021BP 38/73 Section 5: Electronic Communications Special Terms 1. These Electronic Communications Special Terms set out the Special Terms upon which we will accept from you, and provide to you, certain Communications by electronic transmission in connection with the Account(s) maintained by you with, and the services provided by, us. 2. These Electronic Communications Special Terms shall only apply to Communications made by any means of electronic transfer of data, information and/or files, including in particular (but without limitation) all communications sent via email, instant text messaging and other means such as text messages between you and us (“Electronic Communications”). 3. You agree that we may communicate with you and others by Electronic Communications. You hereby instruct us to accept Electronic Communications from you. 4. You should notify us in writing immediately if you do not consent to the use of email. Unless or until we receive such notice, we will be entitled to assume that you consent to the use of email as a means of communication where you have given an email address in relevant form. 5. The provisions in Clause 4 of the General Terms shall apply to all Electronic Communications provided that, in the event of any inconsistency, these Electronic Communications Special Terms shall prevail. 6. Any Electronic Communications that you send us shall not be effective until the actual receipt of such Electronic Communications by our computer systems, and will be deemed to have been received, as appropriate. 7. acknowledge and accept the substantial risks inherent in and associated with: (a) Electronic Communications; (b) using any system other than a specific secure system that we offer; and (c) the fact that Electronic Communications may easily be intercepted, amended, corrupted, manipulated, destroyed or accessed by unauthorised or unintended parties (e.g. in the case of hacking) and may not arrive at the intended destination or may not arrive in the form transmitted or in a timely manner (notably because of security firewalls). In addition, there can be no assurance that such communications shall remain confidential, intact or free of viruses, with there being a high risk of transmission errors and/or fraud by unauthorised parties taking advantage of the fact that there is no way of verifying the identity of the purported sender. 8. You acknowledge and agree that the authenticity and integrity of Electronic Communications sent via public networks such as email cannot be and are not assured by us. Accordingly, we shall be entitled to assume that Electronic Communications which appear on their face to originate from any of the address(es) specified by you in the Account Application Form originate from you and have not been corrupted or altered in any way. 9. We do not, as a matter of general policy, accept instructions, including, but not limited to, investment and transfer orders, revocation of orders or authorisations, submitted via Electronic Communications; they should be transmitted by mail and signed by you as set out in these Terms and Conditions. When you do submit instructions via Electronic Communications, we will verbally confirm those with you. To the extent that you choose, in spite of the foregoing, to submit instructions or to instruct us to provide you with any information via Electronic Communications, you (in accepting these Terms and Conditions) do so exclusively at your own and sole risk. In particular, you (in addition to the risks described in this Clause 9 of the Electronic Communications Special Terms) confirm you are fully aware that: (a) there can be no guarantee that Electronic Communications will be read or consulted regularly. Indeed, Electronic Communications may not be read or consulted in case of leave or absence of the recipient at Pictet or retention or deletion by Pictet or third parties’ firewalls or spam protection systems; (b) as a general rule, Electronic Communications are not read or consulted outside regular business hours (i.e. between 8:30 and 17:30 GMT) on Business Days; (c) we shall not be under any obligation to confirm the content of any Electronic Communication with you, without prejudice to our right to make such enquiries as may be necessary for compliance with any Applicable Law or policy requirements. Indeed, you expressly waive any right or claim based on our confirmation or absence of confirmation of the content of a message sent via Electronic Communication; (d) you shall be deemed to have received any Electronic Communication sent by us to the most recent address, telephone number or other Electronic Communication contact details provided by you. The date appearing in our records shall be deemed to be the date the Electronic Communication was sent out; and (e) we shall not be liable to you for any Loss, costs or damage relating to our execution of any instruction sent by you by Electronic Communication. For the avoidance of doubt, the services in these Electronic Communications Special Terms shall be subject to the provisions contained in the General Terms relating to our liabilities towards you (Clause 8 of the General Terms).

docondcusGBRen_v3.2a_17082021BP 39/73 Section 6: Independent Asset Manager Special Terms 1. Introduction 1.1 These Special Terms only apply where you have appointed an Independent Asset Manager to act as your agent under a power of attorney (“IAM POA”) to manage the Investments held in your Account(s) with Pictet. 1.2 Under this arrangement, the Independent Asset Manager shall manage the Investments held in your Account in accordance with written formal discretionary or non-discretionary management mandates concluded between you and the Independent Asset Manager (pursuant to which you give the Independent Asset Manager full authority to manage the Cash and Investments held in your Account) (the “Investment Management Services”). 1.3 In accordance with these Terms and Conditions, Pictet London shall act as Custodian in relation to the Investments and shall provide certain other services to you as applicable (such as banking and lending services as detailed in Banking and Custody Special Terms). 1.4 In accordance with these Special Terms, Pictet Luxembourg shall provide “Execution-Only Services” to you. This means that Pictet Luxembourg shall receive instructions from the Independent Asset Manager on your behalf and for your Account to carry out orders or transactions in relation to the Investments and arrange for the execution of those orders or transactions. 1.5 These Terms and Conditions govern the relationship between you and Pictet only and do not govern the contractual relationship between you and the Independent Asset Manager. 1.6 Since the Independent Asset Manager acts as your agent in connection with the Account, certain references to “you” or the “Client” in the other sections of these Terms and Conditions should be read as applying to you and the Independent Asset Manager interchangeably. However, for the avoidance of doubt, your responsibilities, warranties and liabilities to us under these Terms and Conditions are not in any way diluted, varied or cancelled by virtue of an Independent Asset Manager acting as your agent in connection with the Account. 2. Client classification We will treat you as our Client under Applicable Law. Unless agreed otherwise in writing, we will treat you as a Retail Client in accordance with Clause 1 of the General Terms. For the avoidance of doubt, we shall not owe regulatory obligations to the Independent Asset Manager or on-board the Independent Asset Manager as our client for regulatory purposes. 3. Account opening 3.1 We will open an Account for you in accordance with Clause 2.2 of the General Terms. The Independent Asset Manager shall complete the Account Application Form on your behalf. It is your responsibility to provide the Independent Asset Manager with all information required to complete the Account Application Form and we shall have no responsibility or liability for any false, inaccurate or misleading information contained therein. 3.2 In accordance with Clause 2.4 of the General Terms, we may refuse to open an Account for any reason. 4. Powers entrusted to the Independent Asset Manager 4.1 Pursuant to the IAM POA and notwithstanding any separate agreement between you and the Independent Asset Manager, the Independent Asset Manager will have at least the following authority: Investment discretion (a) Complete discretion to act on your behalf as agent to buy, sell, hold, exchange, convert or otherwise deal in Investments, to subscribe to issues of securities, to accept placings, offers for sale, underwritings and sub- underwritings of any securities, to effect transactions on any markets, to enter into spot or forward foreign exchange contracts and to cause the Custodian to place and withdraw Cash from deposit; Brokers (b) Authority and power to effect or arrange transactions through or with any person, firm or company that the Independent Asset Manager may select; Underwriting (c) Authority and power to commit you to underwriting any issue or offer for sale of securities and you will incur obligations as an underwriter or sub-underwriter; Futures and margin (d) Authority and power to buy, sell, hold and generally deal in all futures contracts (and options), including, without limitation, contracts with respect to financial instruments and any group or index of securities or other assets and in connection with those contracts to cause the Custodian to deposit any margin payment or property as collateral with any agent or broker and to grant security interests in that collateral;

docondcusGBRen_v3.2a_17082021BP 40/73 Derivatives (e) Authority and power to grant, buy, sell, exercise, permit to expire and otherwise to acquire, dispose of, hold and generally deal in all forms of options in any combination, including over-the-counter options and other derivatives (including, without limitation, swaps and structured products); Collective Investment Schemes and Hedge Funds (f) Authority and power to buy, sell, hold, exchange, convert and generally deal in Regulated and/or Unregulated Collective Investment Schemes; Dealing outside organised investment exchanges (g) Authority and power to enter into transactions in Investments which are not effected on or under the rules of an organised investment exchange; Illiquid investments including private equity investments (h) Authority and power to enter into transactions in Investments which are not Readily Realisable Investments and/or in respect of which there may be difficulties in establishing an open market price or, if buying the Investments, in later making a quick sale such investments may include private equity fund investments which may involve complex tax and legal considerations and can give rise to considerable risks; Short positions (i) Authority and power to enter into transactions in options, futures and contracts for differences; Stabilisation (j) Authority and power to enter into transactions in Investments which are the subject of price Stabilisation; Borrowing (k) Authority to undertake borrowing in respect of the Portfolio, including temporary overdrafts on your Cash Account(s), for short-term liquidity management purposes, to settle a mismatched, delayed or failed transaction or for other unforeseen circumstances consistent with the efficient management of the Portfolio; Other (l) Authority to take in addition all routine or day to day decisions and do all such other things, for all purposes necessary or desirable, in relation to the management of the Portfolio as the Independent Asset Manager determines appropriate, subject to the Independent Asset Manager’s principles of suitability and acting honestly, fairly and professionally in accordance with your best interests. 5. Communications and Instructions 5.1 The Independent Asset Manager shall be your main point of contact and shall intermediate Communications between you and us. The Independent Asset Manager shall represent and act on your behalf when dealing with us in relation to the Cash and Investments and all matters concerning the Account, and we shall accept Instructions and/or Communications from the Independent Asset Manager or yourself. 5.2 Except as referred to at Clause 5.1 above, we would not expect to receive Communications or Instructions directly from you as referred to in Clauses 3 and 4 of the General Terms. In particular, we shall have no obligation to seek your agreement or confirmation in relation to such Instructions or Communications, or to inform you of those Instructions or Communications. 5.3 We shall be entitled to rely on all Instructions and Communications given by the Independent Asset Manager. We shall have no liability to you for any Loss caused by acting upon the Instructions and/or Communications of the Independent Asset Manager. 5.4 We will send all Communications referred to in Clause 3 of the General Terms to the Independent Asset Manager via Pictet Connect (unless the Independent Asset Manager has opted out of using Pictet Connect on your behalf), including all account statements, transaction confirmations, applicable tax reports and invoices. More general notices or communications provided in connection with these Terms and Conditions (for example, but not limited to, notices or communications provided in accordance with Clauses 29, 32, 37 of the General Terms and Clauses 2 and 17 of the Banking and Custody Special Terms) will be sent to the Independent Asset Manager rather than you (save for in circumstances where we in our discretion deem it appropriate to send them to you directly). In all such cases, the Independent Asset Manager shall in turn be responsible for communicating the contents of these Communications to you. 5.5 Pursuant to the IAM POA, the Independent Asset Manager is authorised to sign any order form, confirmation or acknowledgement as required by us in order to carry out orders or transactions. 5.6 In order to carry out the Investment Management Services, the Independent Asset Manager is authorised to request access to the Account through your Pictet Connect account (unless the Independent Asset Manager has opted out of this service on your behalf). You agree that by authorising the Independent Asset Manager to access to the Account through Pictet Connect, it will be able to see the transactions carried out on the Account and will be able to send us Instructions through this medium. docondcusGBRen_v3.2a_17082021BP 41/73 6. Execution-Only Services provided by Pictet Luxembourg 6.1 Acting through Pictet Luxembourg, we will effect a transaction within a Portfolio only on the specific Instructions of the Independent Asset Manager. We will not manage or monitor the Portfolio nor will we provide any investment advice, investment management services or personal recommendations to you or to the Independent Asset Manager. 6.2 If we have received one single order or several different orders, the total amount of which exceeds your available balances, we shall be entitled to determine at our own discretion, without recourse to you, and without regard to the date of the orders or the sequence of their receipt, if the order, or which of the orders, shall be carried out in part or in full or not at all. 6.3 We shall, where applicable, provide you with best execution in accordance with our Best Execution Policy (details of which are set out at Appendix 3) and Applicable Law. In accepting these Terms and Conditions, you confirm that you have read, understood and accepted the Best Execution Policy. We will notify the Independent Asset Manager of any material changes to the Best Execution Policy in accordance with Clause 32 of the General Terms. We maintain the latest version of the Best Execution Policy on our website at the following address: www.group.pictet/eu- information/luxembourg (identifier: PictetLuxembourg1989). 6.4 We are not obliged to verify the conditions (including any duty of information) applicable to transactions executed on markets on which the Independent Asset Manager requests on your behalf that we act and you assume in full any Loss or expense which could result therefrom, including those Losses and expenses incurred by us. 6.5 All Instructions to deal will be carried out as soon as possible during normal dealing hours for the relevant market and in accordance with Clause 4 of the General Terms. You acknowledge and accept that: (a) the market price of any order placed on your behalf in response to and within the timescales given for acceptance may have moved in the time between us giving you the price and the execution of your order. Such movement may be to your advantage or disadvantage; and (b) there may be a delay in execution because orders are executed by reference to time of receipt. Where the relevant exchange is closed, we will present the order placed on your behalf for execution when the exchange next re- opens or, where a large number of orders have been received while the market is closed, as soon as reasonably practicable after it re-opens. 6.6 You authorise us (and, if applicable, any Pictet Group Company) as your agent to complete, execute and deliver any documentation and to give instructions to any intermediate broker on its terms of business which we (or, if applicable, another Pictet Group Company) may in our discretion appoint to act in connection with the Execution-Only Services provided to you. This authority is irrevocable until termination of the Mandate. 6.7 Subject to Applicable Law and in accordance with our Best Execution Policy, we may aggregate any order, including, where relevant, an order in respect of any execution-only transaction with our own (and those of a Pictet Group Company) or with those of other clients. Aggregation may, on some occasions, operate to your disadvantage while on other occasions it may be to your advantage. We shall ensure that orders are allocated on a fair and reasonable basis and in accordance with the requirements of Applicable Law. 6.8 Where an order is given to us on your behalf to buy or sell shares admitted to trading on a regulated market or traded on a regulated market, MTF or OTF at a specified price limit or better and for a specified size (known as a limit order) and we cannot immediately execute that order under prevailing market conditions, we are under a regulatory obligation to make the order public to the market unless you expressly instruct us not to do this. By accepting these Terms and Conditions, you are expressly instructing us to exercise our sole discretion in your best interests in determining whether to make public any limit order that we cannot immediately execute. You may, at any time, acting through the Independent Asset Manager as your agent, revoke this Instruction for any particular transaction where you do require immediate publication of the relevant limit order. 6.9 You accept that securities of companies that we may be requested to buy or sell for you may have directors or officers who are also directors or officers of a Pictet Group Company or have banking or other relationships with the Pictet Group. 6.10 Pictet Luxembourg is a participant in the Luxembourg investor compensation scheme, the “Système d’indemnisation des investisseurs” Luxembourg (“SIIL”). The SIIL covers investors, physical persons and legal entities as provided for by the Luxembourg law of 18 December 2015 relating to the resolution, recovery and liquidation measures of credit institutions and some investment firms. The SIIL provides cover for claims if we should become unable to reimburse investors with the funds due to them, or belonging to them and held by us on their account in relation to investment transactions in accordance with applicable legal and contractual conditions, or if we should become incapable of returning to Clients the financial instruments belonging to them but held, administered or managed on their behalf and related to investment transactions by us. 6.11 Investment transactions made by the same investor are covered up to an amount equivalent to EUR 20,000, whatever their currency or location within the European Union and regardless of the number of accounts held. In case of an investment transaction involving a joint account, the claims are distributed evenly among the investors, if no special provisions have been provided. Investors must be compensated as soon as possible by the SIIL, and within three months at the latest. Appendix 6 of these Terms and Conditions also contains a description of the SIIL in the French language. docondcusGBRen_v3.2a_17082021BP 42/73 6.12 The SIIL will generally not provide you with protections if you have been classified as a Professional Client. 6.13 For the avoidance of doubt, the SIIL will not provide you with protections in respect of services provided by Pictet London. 7. Regulatory obligations relating to the provision of the Investment Management Services and Execution-Only Services 7.1 The Independent Asset Manager shall be solely responsible for complying with certain Applicable Laws in relation to the provision of Investment Management Services to you, including but not limited to, assessing the suitability and appropriateness of transactions or orders in relation to the Investments. While Appendix 4 to these Terms and Conditions provide a general overview of risks in relation to Investments, the Independent Asset Manager shall be responsible for disclosing to you the nature of, and risks associated with, the particular transactions or orders carried out on your behalf. 7.2 For the avoidance of doubt, we shall have no responsibility for assessing or disclosing the matters referred to in Clause 7.1 above whether as a matter of law or regulation and shall not be held liable for the execution of trades that are unsuitable or inappropriate for you. You acknowledge and agree that we exercise no control whatsoever over the Independent Asset Manager’s investment policy or the manner in which it managers your Account, and that we are entitled to assume that any Instructions given by the Independent Asset Manager to us are based on a proper and fully compliant assessment of suitability and appropriateness, as the case may be. 7.3 We shall remain responsible for our obligations relating to Execution-Only Services, including but not limited to: best execution (as referred to in Clause 6.3 above); and reporting (as referred to in Clause 5 above, however as mentioned in Clause 5, such reports will be delivered to the Independent Asset Manager on your behalf). 8. Fees 8.1 You shall pay our fees in accordance with Clause 19 of the General Terms. 8.2 If you have elected to do so in the IAM POA, the Independent Asset Manager may charge and debit its management fees from your Account. You acknowledge that in such circumstances we will debit the amount of management fees indicated in the withdrawal instructions sent by the Independent Asset Manager, and we may not be held liable in any event if the amount of fees is incorrect. 9. Your warranties and liabilities 9.1 In addition to the warranties and liabilities contained in Clause 7 of the General Terms, you hereby agree and confirm that: (a) Pursuant to the IAM POA, you have entrusted the Independent Asset Manager with power to advise you on all matters relating to the Cash and Investments held in your Account, and to manage the Cash and Investments within the framework of a discretionary or non-discretionary management mandate, the contents of which are confidential and have not been divulged to us (and which are therefore not binding or enforceable against us); (b) We shall not be taken to have actual or constructive knowledge of the discretionary or non-discretionary management mandate or any other agreement between you and the Independent Asset Manager unless we expressly acknowledge and agree in writing; (c) You authorise the Independent Asset Manager to have access to all information relating to the Account, including via Pictet Connect where relevant; (d) In addition to any fees that the Independent Asset Manager may charge you for its services, the Independent Asset Manager shall also be remunerated in relation to the transactions it enters into on your behalf in accordance with Clause 8 above, and the Independent Asset Manager shall disclose any such benefits to you; (e) You accept the potential risks and consequences of authorising a third party to execute transactions on your behalf through your Account(s) held with us and to generally make investment and/or borrowing decisions relating to the Investments and/or Cash; (f) You will hold the Independent Asset Manager solely responsible for all decisions made by it on your behalf in connection with the Account; (g) The Independent Asset Manager is independent of Pictet and does not act as our agent, nor is there any kind of legal, economic or organizational dependence on Pictet. (h) It is the sole responsibility of the Independent Asset Manager to provide information to you and to advise and explain to you the risks associated with any particular investment products, orders or transactions; (i) Notwithstanding any other agreement and/or arrangement between us and you, we have the right (but not the obligation) to refuse to accept or act on any Instruction from you or another third party unless and until they have been confirmed with the Independent Asset Manager; (j) It is the responsibility of the Independent Asset manager to reply to any complaints or questions that you have concerning the Investment Management Services. Otherwise, Clause 40 of the General Terms shall apply to the Custodial Services and associated banking and/or lending services we provide you. In the event of a dispute with

docondcusGBRen_v3.2a_17082021BP 43/73 Pictet Luxembourg, if you do not receive an answer or a satisfactory answer from us within one month from the date at which you sent the complaint, you may be able to bring a claim before the CSSF, 283, route d'Arlon, L-1150 Luxembourg, either by post addressed to the CSSF, L-2991 Luxembourg or by email at the following address: [email protected]. If you receive our services in the UK, you may also have the right to complain directly to the Financial Ombudsman Service, Exchange Tower, London E14 9SR in respect of the Execution-Only Services we provide to you through Pictet Luxembourg if we are unable to resolve the complaint to your satisfaction. Further information about the Financial Ombudsman Service can also be found at www.financial-ombudsman.org.uk. This is without prejudice to your right to complain to any other competent regulatory authority or other relevant body. 10. Our liability to you 10.1 In addition to Clause 8 of the General Terms, we shall have no liability arising: (a) as a result of changes in the price or value of Investments or Cash; (b) as a result of any Loss caused by the Independent Asset Manager in connection with your Account; (c) if for any reason any Investment received from a third party for your account is invalid or unenforceable or has been fraudulently traded; or (d) as a result of the default or insolvency of any Counterparty. 10.2 We do not give any warranty as to the performance or profitability of any Investment held in the Account. The value of your Investments and any income derived therefrom may fall as well as rise and you may not get back the amount invested. 10.3 Neither we nor any Affiliate will be liable to you for failure to disclose or, in taking any step in connection with the management of the Cash or Investments, failure to take into consideration any fact, matter or thing: (a) if any disclosure of the information would or might be a breach of duty or confidence to any other person; or (b) which comes to the notice of any of our officers, employees or agents or any Affiliate but does not come to the actual notice of the individual(s) making the decision to take the step in question.

docondcusGBRen_v3.2a_17082021BP 44/73 Appendix 1: Inducement Policy 1. Introduction Pursuant to the FCA Handbook, we are subject to certain standards in relation to the payment and receipt of fees, commissions or non-monetary benefits (“Benefits”). This is because Benefits may, in some circumstances, place us in a situation where the payment or receipt of a Benefit would not be consistent with our general duty to act in accordance with the best interests of our clients. The aim of this policy is to disclose to our Client the approach we take in relation to managing the provision or receipt of Benefits. The rules apply differently depending whether we receive or pay a Benefit. Receiving Benefits We may not receive any Benefits from third parties in relation to the provision of services to you, unless that Benefit is an “acceptable minor non-monetary benefit”. An acceptable minor non-monetary benefit must satisfy the following conditions: (i) the benefit must be capable of enhancing the quality of service provided to a client (see below for what this means); (ii) the benefit must be of a scale and nature such that it could not be judged to impair compliance with duty to act in the client’s best interests; (iii) is reasonable, proportionate and of a scale that is unlikely to influence our behaviour in any way that is detrimental to the client’s best interests; and (iv) the benefit must be clearly disclosed to the client (we may describe these in a generic way). Additionally, a non-monetary benefit shall only qualify as an acceptable minor non-monetary benefit if it can be classified as one of the following: • information or documents relating to the Investment or service (either generic or tailored to clients); • written material from a third party paid for by a corporate issuer to promote a new issuance, or where the third party firm is contractually engaged and paid by the issuer to produce such material on an ongoing basis, provided that the relationship is clearly disclosed in the material and that the material is made available at the same time to any investment firms wishing to receive it or to the general public; • conferences, seminars or training on benefits and features of Investments or services; or • de minimis hospitality. Paying Benefits In relation to those Benefits which we or provide to a third party (which include Pictet Group Companies), we may only provide them if certain conditions are met, namely: (i) the provision of the Benefit must not impair compliance with our duty to act honestly, fairly and professionally and in the best interests of our clients; (ii) the existence, nature and amount of the Benefit (or where the amount cannot be ascertained, the method of calculating that amount) must be disclosed clearly to our clients in a manner that is comprehensive, accurate and understandable, before the provision of the service; and (iii) the provision of the Benefit is designed to enhance the quality of the service to our clients. Where it is not possible to ascertain the amount of the Benefit and we disclose the method of calculating the amount under (ii) above, we will inform the client of the exact amount of the Benefit after we have paid it. Quality Enhancement A Benefit is considered to enhance the quality of our services to our clients only if: (i) It is justified by the provision of an additional or higher level of service to the client and is proportional to the level of inducement received; (ii) It does not directly benefit us, our shareholders or employees without any tangible benefit to the client; (iii) It is justified by the provision of an ongoing benefit to the client in relation to an ongoing inducement; and (iv) The provision of our service is not biased or distorted as a result of the Benefit. These conditions must be fulfilled on an ongoing basis as long as we continue to pay or receive a Benefit. Benefits paid or provided by a person on behalf of the client We are entitled to accept a Benefit paid by or provided by a person on behalf of the client, provided that the person paying the Benefit is aware that such Benefit has been paid on the client’s behalf and the amount and frequency of the Benefit is agreed separately between the Client and us, and not determined by the third party. Examples of where this might be the case include: docondcusGBRen_v3.2a_17082021BP 45/73 • A client pays our invoice directly and/or it is paid by an independent third party acting only on the instructions of the client; or • A client negotiates a fee for a service provided by us and pays that fee. This would generally be the case for accountants or lawyers acting under a clear payment instruction from the client or where a person is acting as a mere conduit for a payment. Records We will maintain records of any Benefits designed to enhance the quality of the service to the client by: • keeping internal lists of third party Benefits received in relation to the provision of services; and • recording how the Benefits paid or received enhance the quality of the services provided to the client and the steps taken to ensure the Benefits do not impair our duty to act honestly, fairly and professionally in accordance with the best interests of the client.

2. Our Activities We are structured to minimise any conflicts arising in this context. In view of this, our activities can be classified as follows: Commissions: We transmit all instructions to buy or sell a financial instrument to Banque Pictet & Cie SA, Geneva, or to other such persons as nominated from time to time. Our clients pay commission to brokers for trades that have been executed with the broker. This approach is compatible with the FCA rules as the payment of commission is necessary for the provision of our services and, therefore, cannot give rise to a conflict with our duty to act honestly, fairly and professionally in accordance with the best interests of our clients. Payment for research and other execution-related services: We do not use the dealing commissions paid by our clients to purchase research and execution-related services, either directly via bundled commissions or via commission sharing agreements. Gifts and Entertainment: We have specific policies in relation to gifts and entertainment, with the primary purpose of ensuring that they cannot induce a staff member into unethical behaviour. Approval for gifts and entertainment must be obtained from our Compliance department for items over £6. In addition, gifts and entertainment that are worth over £200 must also get the approval of the employee’s business unit head. The approval process for material gifts and entertainment illustrates the fact that our senior management monitors closely any potential conflicts with our duty to act fairly and in the best interests of our clients. Receipt of Benefits from other Group Companies: We provide investment management, execution-only (including the receipt and transmission of orders between our clients and Banque Pictet & Cie SA in Geneva) and investment advisory services directly to our clients. We are remunerated in respect of our execution-only services by Banque Pictet & Cie SA or to other such persons as are nominated to execute the transaction. Typically, we will receive between 30% and 60% of the fees and commission received by Banque Pictet & Cie SA, or to other such persons as nominated to execute the transaction. Further information in relation to this arrangement is available on request. Trail/initial commission from sale of funds: No trail or initial commissions are currently paid or received for either external or in-house funds. Further Information: If you would like further information on any of the above issues, please contact our Compliance Department.

docondcusGBRen_v3.2a_17082021BP 46/73 Appendix 2: Conflicts of Interest Policy 1. Introduction We are required to maintain and apply organisational and administrative provisions so that all appropriate steps can be taken to pinpoint, and to prevent or manage, conflicts of interest. The purpose of this document is to lay down, in general terms, our policy with regard to conflicts of interest, in accordance with Applicable Law. 2. Definition There is deemed to be a conflict of interests if, as part of (i) the process of providing an investment, custodial or associated service; (ii) receiving inducements from third parties; or (iii) our remuneration/incentive structures, we are likely to take a decision that might not be in the client’s interest, but on the grounds of considerations and interests specific to other parties, such as ourselves, our management, our employees, the Pictet Group or even another client. 3. Identifying conflicts of interest For the purpose of detecting different types of conflicts of interest liable to occur when investment, custodial or associated services or a combination of such services are being provided to clients, which might damage a client’s interests, we must take due account of situations or eventualities where we or one of our employees or a person directly tied or linked to us via a controlling relationship: • might be likely to make a financial gain or avoid a financial loss at a client’s expense; • has an interest in the outcome of a service provided to a client or a transaction undertaken on a client’s behalf, which is different from a client’s own interest in that outcome; • is prompted, for financial or other reasons, to favour the interests of another client or group of clients over those of another client concerned; • undertakes the same professional business as a client; or • receives or will receive from a client or a person other than a client a benefit in relation to the service supplied to a client, in the form of money, goods or services, other than the commission or fees normally charged for this service. The circumstances in which such a conflict of interest may arise include where we or any of our Affiliates may: • deal as principal for our own account by selling to you or buying from you an investment concerned and thereby (but only where permitted by Applicable Law) make a profit (or loss) or take a mark-up, mark-down or credit for our own account; • act on behalf of you or any affiliate or a third party client or investor in the same transaction, and receive and retain commission or other charges from both parties; • act in relation to investments where any of us is involved in a new issue, rights issue, takeover or similar transaction concerning the investments; • execute a transaction for or with you in circumstances where we or our Affiliates have knowledge of other actual or potential transactions in the relevant investment; • hold a position in, or trade, deal or make markets in, investments purchased or sold by you; or • act as adviser or banker to, or have any other business relationships with, or interest in, the issuer (or any of its Affiliates or advisers) of any investments purchased or sold by you or advise or act as banker to any person in connection with a strategic transaction in relation to such investments, including, but not limited to, a merger, acquisition or take-over by or for any such issuer. 4. Handling conflicts of interest As far as those investment and custodial services and business, and associated services provided by us or on our behalf, are concerned, we have pinpointed those circumstances which give rise (or are liable to give rise) to a conflict of interests with a distinct risk of being detrimental to the interests of one or more clients. On that basis, we have stipulated procedures and steps to be taken in order to prevent such conflicts of interest but also handle them when they do arise. Pictet’s values: Pictet’s values lie at the very core of our activities. From these values is derived a code of behaviour that each member of staff is expected to adhere to. Thus, four cornerstone values have been established: independence, excellence, integrity and respect. In light of this, members of staff are expected, in their conduct, to make a client’s interests central to their professional work. Separation of functions: We have put in place an organisational structure to monitor and prevent any exchange of information between those people involved in business activities involving a potential risk of a conflict of interests if that exchange of information might be liable to damage the interests of one or more clients. In-house regulations: Various rules of behaviour have been laid down in our in-house regulations; our staff are, in particular, duty-bound to act in an honest, fair and professional manner and in a client’s best interests. Moreover, any information destined for clients must be clear, correct and not misleading.

docondcusGBRen_v3.2a_17082021BP 47/73 Employees’ transactions: We have adopted a set of rules governing transactions made for employees’ own accounts and have put in place a supervisory system to monitor these. Training: In order to ensure permanently high standards in providing services to clients, members of our staff regularly undergo training courses relevant to their professional responsibilities. Staff remuneration: The remuneration scheme for members of staff involves, in equitable proportions, a “fixed salary” component and a “variable bonus” component to reflect appropriately the position held, the employee’s contribution to the company’s profits, his/her conduct over time, the importance given to the role of the team in the work, and the overall performance of the business unit to which that employee belongs and of the Pictet Group overall. Remuneration has no direct link to specific transactions. Personal benefits and gifts: In-house rules stipulate restrictions applied to benefits and gifts for members of staff where the estimated value exceeds fixed limits. Compliance Department: In accordance with regulatory requirements, we have a Compliance unit. One of its prerogatives is to ensure rules pertaining to the handling of conflicts of interest are complied with. 5. Information passed to Clients If we become aware that measures taken pursuant to this policy might not prove adequate enough to guarantee, with a reasonable degree of assurance, that the risk of damaging our clients’ interests cannot be avoided, we shall endeavour to resolve this conflict and shall inform, in writing, the relevant client about the general nature of the conflict of interests and/or its source and the steps we take to mitigate those risks, so that the client can take his/her investment decision with full knowledge of the facts. Please note that we are obliged by Applicable Law to only treat disclosures of conflicts of interests as a measure of last resort. Any disclosure will: • clearly state that the organizational and administrative arrangements established by us to prevent or manage the conflict are not sufficient to ensure, with a reasonable degree of assurance, that the risk of damaging our client’s interests will be prevented; • include a specific description of the conflicts of interest that arise in the provision of investment, custodial or associated services; and explain the risks to the client as a result of the conflict of interest. 6. Management Oversight We will ensure that our management body receives on a frequent basis, and at least annually, written reports on situations in which a conflict of interest entailing a material risk of damage to the interests of one or more clients has arisen, or in the case of an ongoing service, may arise. We will also assess this conflicts of interest policy at least annually, in order to take all appropriate measures to address any deficiencies.

docondcusGBRen_v3.2a_17082021BP 48/73 MIFID II

Order Execution Policy – Pictet & Cie (Europe) S.A.

2020

1. PURPOSE AND SCOPE OF APPLICATION Specific client instructions 3. EXECUTING ORDERS Where specific instructions have been Purpose given by the client or one of the client’s Order execution factors To comply with the new MiFID II1 duly authorised representatives, Pictet When executing client orders within legal framework effective from 3 shall forward and/or execute the order the Pictet Group, the Bank undertakes January 2018, Pictet & Cie (Europe) in accordance with the instructions to take sufficient steps to secure the S.A. (hereinafter referred to as ‘Pictet’ received. Where the client’s best possible outcome for its clients, or ‘the Bank’) will strive to take instructions relate to part of the order, taking account of the following adequate steps to secure for all clients, the Bank will continue to apply the execution factors: price, costs, speed, as defined below, the best possible following policy to those aspects of the likelihood of execution and settlement, execution of their orders in relation to order not covered by these specific size, nature or any other consideration financial instruments. The Bank also instructions. relevant to execution of the order. undertakes to act in its clients’ best The client must be informed that, in interests when placing orders with or detailing specific instructions for Order execution criteria forwarding orders to third parties for execution or transmission of a Pictet determines the importance of execution, as detailed below. This particular order, the client is waiving the above execution factors with Policy constitutes an overview of how the principle of best execution. respect to the following criteria: trades and orders are executed, the • the client’s characteristics; factors that are likely to affect • the features of the order in question; execution timing and the way in 2. THE BANK’S ROLE IN THE PROCESSING which market volatility can exert an AND EXECUTION OF CLIENT ORDERS • the features of the financial impact on the handling of orders instruments in the order; when buying or selling financial • When the Bank processes an order • the characteristics of the execution instruments. for execution for a client, it takes venues to which this order can be sufficient steps to secure the best directed; possible outcome considering Scope of application • any other factor related to the various execution factors (concept of Provisions stipulated in this document settlement conditions of the order. ‘best execution’). apply to all private, per se professional Nevertheless, according to the and elective professional clients, when • The Bank may execute a client’s provisions of MiFID II, total price such clients place orders with Pictet or order acting in its capacity as agent remains, in most instances, the main when the Bank receives and places or as principal. In the latter case, the factor to be considered. The term orders with or forwards orders to Bank will be trading for its own ‘price’ should be taken to mean third parties for execution. These account. primarily the price of the financial provisions also encompass orders • The Bank is not a direct member of instrument along with execution- placed as a result of the Bank’s a network of execution venues. The related costs (execution and decisions to trade financial Bank forwards its clients’ orders settlement). For some client orders, instruments in its clients’ names. directly to the trading floor of one Pictet may decide that other execution This document applies to financial of the Pictet Group entities, Banque factors are of greater relevance. In instruments as set out and defined in Pictet & Cie S.A. (hereinafter certain circumstances, the Bank MiFID II; a list of such instruments is referred to ‘Pictet Geneva’) or, reserves the right to set a specific provided in the Glossary. on an exceptional basis, to a few predominant factor (speed of carefully selected broker-dealers. execution, likelihood of settlement), Pictet Geneva acts on the basis of its which will then guide the above- 1 Directive 2014/65/EU of 15 May 2014 on dealing experience to determine the mentioned appraisal process. Markets in Financial Instruments and relative importance of the variety of Nevertheless, the principles outlined amending Directive 2002/92/EC and criteria and factors to execute the above may be challenged when a client Directive 2011/61/EU. orders appropriately. order is likely to have a market impact

docondcusGBRen_v3.2a_17082021BP 49/73 or in the event of exceptional For reasons of cost and efficiency, 4. PROCESSING OF CLIENT ORDERS circumstances. In such eventualities, Pictet Geneva has chosen not to the client accepts that the execution systematically link up with all Client transactions will be processed criteria described above may be possible execution venues. A and executed in a fast and equitable reviewed or even disregarded. In any relationship with new brokers/dealers, manner. Whenever Pictet processes event, the Bank shall nonetheless act in MTFs, OTFs or SIs will only be orders for its clients, in principle: the client’s interest. established if the improvements these a) the executed orders are registered in In the annex of this document is a list will generate are notable and the client’s name and invoiced outlining the importance assigned to significant in terms of price and quickly and precisely; each execution factor for each asset liquidity. As regards orders involving class. financial instruments traded on a b) all client orders are executed regulated market or in a multilateral promptly and in the order in which In the case of products traded over the trading facility, the Bank authorises they were received unless: counter (OTC), the Bank will draw on Pictet Geneva to resort to another mechanisms instituted by Pictet • the client (including the client’s execution venue to fulfil its duty to Geneva to offer a fair price depending asset manager or power of secure best execution for the order, on the type of instrument and the attorney) issues other instructions subject to any formal objection to this nature of the order, either by offering (such as care, max. 1/3 volume, made by the client. In some an appropriate price quote for VWAP, closing, opening, etc.), circumstances where a particular products issued by the Pictet Group or • the nature of the order or execution venue delivers the best by picking the best possible prevailing market conditions possible outcome on a regular basis for counterparty from its own network. make this difficult to achieve, a specific type of asset (including costs

in this assessment), Pictet Geneva may • the client’s best interests call for a Execution venues reserve the right to concentrate its different procedure; The Bank takes a selective and executions on this one venue. c) the relationship manager is pragmatic approach to choosing the Attached is a list of execution venues informed of any difficulties in different execution venues, which are in which the Pictet Group has the executing an order, insofar as this subject to regular reviews. greatest confidence for fulfilling its is possible.

Whenever several execution venues obligations to take all sufficient are feasible, Pictet Geneva will base its measures to secure, in most cases, the Aggregation and allocation of orders choice on the venue it considers the best possible outcome for clients. Client orders may be aggregated, best depending on the execution offset or cumulated for execution criteria and factors relating to the Verification of best execution purposes provided that the following order. On account of its screening The client may request that the quality conditions are met: process, the Bank does not offer its of execution be checked. This check • the aggregation of orders or clients an option to choose the will be made with respect to transactions does not, in principle, execution venue. measurable criteria (benchmarks, such work to the disadvantage of any of Pictet Geneva may use only the as arrival price, VWAP2). Upon request the clients whose order is to be following execution venues or a from the client, the Bank will provide aggregated; combination thereof: clients with proof that its execution • the rules concerning the order • regulated markets; policy has been observed. allocation policy are applied • multilateral trading facilities (MTFs); As for limit orders, the conditions correctly. of best execution are deemed to be • organised trading facilities (OTFs); The Bank is not obliged to inform met once the orders are sent to the client if the Bank is combining • systematic internalisers (SIs); the reference market. However, orders/transactions. In addition, this • other securities dealers located in or depending on the size of the order, procedure may operate, on some outside Europe; the Bank is authorised to exercise its occasions, to the client’s disadvantage power of discretion in the client’s best • other entities of the Pictet Group and, on others, to the client’s interests by not divulging to other acting as banking counterparty or advantage. market players the full extent of market maker, such as Pictet If the aggregated order is part- pending limit orders. Canada S.E.C. (Canadian Markets), executed, the corresponding

Pictet Overseas (US markets) and operations are, in principle, allocated

Pictet Global Market (UK) Limited in proportion to the size of the orders

(UK markets); received.

• other liquidity providers. 2 VWAP (volume-weighted average price)

docondcusGBRen_v3.2a_17082021BP 50/73 5. FOLLOW-UP, UPDATE AND MONITORING Modification of these rules This document may be subject to Regular checks (monitoring) change. Any material change in the The Bank ensures that the processing of orders will be organisational structure in place specifically notified to clients. makes it possible to monitor the effectiveness of these rules. In Client acceptance particular, the various departments As specified in the Bank’s General involved (including the Compliance Business Terms, in submitting an unit) will check regularly whether the order for execution, the client is execution procedures outlined in this confirming agreement with the order document allow for the best possible execution policy outlined in the above outcome to be obtained, and will provisions stipulated in compliance assess whether amendments are with MiFID II. required in terms of execution. The client also hereby acknowledges The Bank will regularly check the that some asset classes are likely to be quality of order execution by Pictet traded OTC by the Bank or Pictet Geneva and other intermediaries Geneva. OTC trading can have where orders are not forwarded for repercussions, particularly with execution to Pictet Geneva. regard to credit risk, and potential conflicts of interest if the Bank is Periodic review of order execution acting as principal. policy The Bank will review the order execution policy and its related rules once a year or whenever any material changes are made. The Bank undertakes to inform its clients of any material changes to these rules. Moreover, the Bank will make the following information available on its Internet site: https://www.group.pictet/media/10881/ download • the ranking of the top five execution venues used for executing orders, along with the ranking of the top five counterparties to which orders have been forwarded for execution (first publication of the report on 30 April 2018); • a comprehensive overview of the execution quality being obtained.

Pictet & Cie (Europe) S.A. 15A, avenue J. F. Kennedy Boîte postale 687 L-2016 Luxembourg Tél. +352 46 71 711 Fax +352 22 48 68 docondcusGBRen_v3.2a_17082021BP 51/73 www.pictet.com ANNEX 1 Main execution venues used by Pictet Geneva and importance given to each execution factor by category of financial instrument

BEP – Asset Class Family – Execution factors & venues for client order flow

Asset classes (RTS 28 – Sub asset-classes (RTS 28 – Product coverage Execution factors Execution venues Best execution) Best execution) under normal market conditions For information only (valid for 2017 and subject to change) (a) Equities – shares & (i) Tick size liquidity bands 5 and – Equities 1. Price/liquidity • SIX depositary receipts 6 (over 2,000 trades per day) – ADR (American Depositary 2. Size • Euronext Paris Receipt)/GDR (Global 3. Speed • Euronext Amsterdam (ii) Tick size liquidity bands 3 and Depositary Receipt) 4. Likelihood of execution for less • Deutsche Bank 4 (80 to 1,999 trades per day) – ETFs liquid equities • BATS- Chi-x – Equity-like products • Pictet Canada • Pictet Global Market Ltd (ii) Tick size liquidity bands 3 and • ITG 4 (80 to 1,999 trades per day) • Citigroup (b) Debt instruments (i) Bonds – Bonds listed on a RM 1. Price/liquidity • SIX – Convertible 2. Size • Barclays Group – Corporate bonds 3. Likelihood of execution for less • Citigroup – Sovereign debt (foreign liquid market • UBS Investment Bank currency) Bonds • JP Morgan – Supranational bonds • Bank of America Merrill Lynch • HSBC • • Goldman Sachs • BMTF • Tradeweb • MarketAxess (ii) Money market instruments – Supranational bonds 1. Price/liquidity • BNS 2. Size • BMTF 3. Likelihood of execution for less • Tradeweb liquid market • MarketAxess • SIX • Barclays Group • Credit Suisse • Goldman Sachs (c) Interest rate (i) Futures and options admitted – DCIs/PMLIs 1. Price • Banque Pictet & Cie SA derivatives to trading on a trading venue – Eonia/TOIS /FED (“BPSA”) as principal – IRS – OIS (ii) Swaps, forwards, and other – Bond futures (Euribor, euro, 1. Price • Eurex interest rates derivatives dollar) • UBS – Bond options + short-term rates (Euribor, euro, dollar) (d) Credit derivatives (i) Futures and options admitted N/A N/A N/A to trading on a trading venue (ii) Other credit derivatives – CDS – indices 1. Price/liquidity • BMTF – Single-name credit default 2. Size • JP Morgan swaps (CDS ) 3. Likelihood of execution for less • BNP Paribas liquid market (e) Currency derivatives (i) Futures and options admitted – FX options 1. Price/liquidity • BPSA as principal to trading on a trading venue – NDF options (ii) Swaps, forwards and other – FX accumulators 1. Price/liquidity • BPSA as principal currency derivatives – DCIs as Pictet Issuer – FX forwards – NDF – NDF swaps (f) Structured finance Not detailed in appendix 1 of N/A N/A N/A instruments RTS 28

docondcusGBRen_v3.2a_17082021BP 52/73 (g) Equity derivatives (i) Options and futures admitted – Equity options 1. Price/liquidity • Eurex to trading on a trading venue – Index futures and options • UBS

(ii) Swaps and other equity – Equity futures and options, 1. Price/liquidity • Eurex derivatives including reverse • UBS – Options and swaps on equities or indices – single

(h) Securitized (i) Warrants and certificate – Capital Protected Note 1. Price/liquidity • Barclays derivatives derivatives – Certificates 2. Likelihood of execution for less • BNP Paribas – Certificates with leverage liquid market • Societe Generale – Certificates such as baskets/ • HSBC PEC certificates/Reverse • RBC convertibles • UBS – Exotic covered warrants • Natixis – Participation certificates • Goldman Sachs – Share certificates • BPSA as issuer – Warrants on equities (except those traded on the SIX)

(ii) Other securitized derivatives – Rights (dividends, etc.) 1. Price/liquidity • SIX – Yield enhancement 2. Size • Euronext Paris 3. Speed • Euronext Amsterdam 4. Likelihood of execution for less • Sub-custodian liquid equities (i) Commodities (i) Futures and options admitted – Commodity futures and options 1. Price/liquidity • Eurex derivatives to trading on a trading venue listed on a trading venue • UBS (metals, agricultural, energy, other commodities) (ii) Other commodities derivatives – OTC Commodity futures and 1. Price/liquidity • BPSA as market maker options (metals and other 2. Speed • BNP Paribas commodities) 3. Broker quality • Société Générale – Murabaha 4. Likelihood of execution for less – Precious metals options liquid equities – Precious metals swaps (j) Contracts for Not detailed in appendix 1 of – CFD 1. Price/liquidity • Goldman Sachs difference RTS 28 2. Broker quality (k) Exchange traded Not detailed in appendix 1 of N/A N/A N/A products (exchange RTS 28 traded funds, exchange traded notes and exchange traded commodities) (l) Emission allowances Not detailed in appendix 1 of N/A N/A N/A RTS 28

(m) Other instruments Not detailed in appendix 1 of N/A N/A N/A RTS 28

Outside MiFID 2 – ATFs N/A • BPSA as principal – Alternative and structured • Broker network funds (with underlying options) – Deposits – Fiduciary deposits – Fund units (hedge funds, UCITs, etc.) – FX spot transactions

docondcusGBRen_v3.2a_17082021BP 53/73 ANNEX 2 Glossary

Private (retail) client Retail clients are typically less experienced investors and receive more regulatory protection.

Professional client per se Clients meeting the conditions laid down in Section I of Annex II of Directive 2014/65/EU.

Professional client on request Clients meeting two of the three conditions laid down in Section II of Annex II of Directive 2014/65/EU.

Execution Relates to transactions to be carried out, or in the process of being carried out, whether as principal or agent, including the execution instruction of a transaction to another person.

Execution factors Price, costs, speed, likelihood of execution, or any other relevant factor.

Financial instrument Financial instruments listed in Section C of Annex I of Directive 2014/65/EU: 1. Transferable securities; 2. Money-market instruments; 3. Units in collective investment undertakings; 4. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, emission allowances or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash; 5. Options, futures, swaps, forwards and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties other than by reason of default or other termination event; 6. Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market, a MTF, or an OTF, except for wholesale energy products traded on an OTF that must be physically settled; 7. Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in point 6 of this section and not being for commercial purposes, which have the characteristics of other derivative financial instruments; 8. Derivative instruments for the transfer of credit risk; 9. Financial contracts for differences; 10. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties other than by reason of default or other termination event, as well as any other derivative contracts relating to assets, rights, obligations, indices and measures not otherwise mentioned in this Section, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market, OTF, or an MTF; 11. Emission allowances consisting of any units recognised for compliance with the requirements of Directive 2003/87/EC (Emissions Trading Scheme).

docondcusGBRen_v3.2a_17082021BP 54/73 Appendix 4: Risk Warnings Relating to Trading in Financial Instruments 1. Introduction 1.1 This Appendix contains warnings about the nature of, and risks associated with, different types of Investment. 1.2 This Appendix does not disclose all possible risks and does not cover all different types of investments. It is intended to cover only the main risks which may be relevant to your Portfolio and the risks involved in dealing with such products. The different kinds of financial instruments are explained in part 2, details regarding the risks are given in part 3. 1.3 Where we provide you with information about an Investment that is the subject of a current offer to the public and a prospectus has been published in connection with that offer in accordance with Applicable Law, we will inform you how to obtain a copy of that prospectus before we provide services to you in relation to that Investment.

2. Products 2.1 Money market instruments Money market instruments are financial instruments which make short-term (maximum 397 days) cash or bond investments with Banks, Governments or Corporates. They often have the form of an or a certificate. The objective of these instruments, being a short-term and low-risk investment, the returns as well as the level of risk are in principle close to those of monetary investments. While these instruments tend to be lower risk than other Investments, they are still subject to the political, market, operational and insolvency risk of the underlying issuers. Investors are also exposed to currency risk insofar as underlying assets are denominated in a currency other than the one in which their investment was made. During normal market conditions, you may be prevented from achieving your objective during any period in which assets are not substantially invested in accordance with your principal investment strategies as a result of being invested in such money market instruments. Main risks: Credit risk, Interest rate risk, Inflation risk 2.2 Bonds A bond is a financial instrument that represents a loan to an entity such as a company, a Government or even a supranational entity. When you buy or subscribe to bonds, you become a creditor of the issuer of the bonds. Generally, interest is paid to you as lender and the amount of the loan is repaid at the end of the term. Some bonds generate a return that is linked to the performance of a real or notional pool of underlying assets. In such circumstances, the return you receive will depend upon the performance of the underlying pool. Bonds have a nominal value, which would be returned to you when the bond matures at the end of its term. However, because bonds are traded on the bond market, the price you pay for a bond on the so-called secondary market may be more or less than the nominal value. A bond holder is exposed to the credit risk of the issuer. An issuer may default on interest payments as well as the principal amount which could potentially mean that the bond could become worthless. If you elect to invest in bonds there is a risk that you will lose some, or all, of the money invested. The value of your investment may be diminished by a number of factors, including: • increasing interest rates: by buying a bond, the bondholder may have committed to receiving a fixed rate of return for a fixed period. Should the market interest rate rise from the date of the bond’s purchase, the bond’s price will fall accordingly. •inflation: the risk that the rate of price increases in the economy deteriorates the returns associated with the bond. This has the greatest effect on fixed-rate bonds, which have a set interest rate from inception. The interest rates of floating-rate bonds are adjusted periodically, thereby limiting investors’ exposure to inflation risk; and. • a decrease of the credit rating or even a default on the part of the bond issuer: the risk that the bond’s issuer will be unable to pay the contractual interest or principal on the bond in a timely manner, or at all. Bonds can be bought and sold in the market (listed or “over the counter”) and their price can vary from day to day. A rise or fall in the market price of a bond does not always affect what you will receive if you hold the bond until it matures. You will only receive the nominal value of the bond (plus any coupon payment to which you have been entitled during your ownership of the bond), irrespective of what you paid for it. Non-listed bonds are less liquid than listed debt securities. There may be no market for such bonds meaning that a bond holder would be unable to exit this investment before the maturity date. This exposes the bond holder to inflation and/or interest rate risk as the return on the bond may become lower than the rate of inflation or interest rates available elsewhere. Different types of bonds exist: Zero-bonds, where there is no interest coupon attached. Instead, they are issued at a discount to their nominal value, and redeemed on maturity “at par” (= 100%). For example, a zero-bond is issued at 80 % and reimbursed five (5) years later at 100 %. docondcusGBRen_v3.2a_17082021BP 55/73 Floating rate bonds, whose interest rate can evolve in function of certain predetermined criteria. For example, the rate is linked to the yearly inflation. Convertible bonds/cum warrants, where the investor has the choice, at maturity, to be redeemed either in cash or in a predetermined number of shares. As these bonds include an embedded equity derivative, investors should consider the effect of the embedded derivative on the value of the bond, and also the equity risk the investors are exposed to on exercise of the conversion rights in respect of the relevant equity securities. Conversion of the bond into equities may only be possible during certain period of time and may also be subject to certain other conditions. Subordinated bonds, which are subordinated to ordinary bonds, in case of failure to pay or bankruptcy. Main risks: Credit risk, Interest rate risk, Inflation risk, Liquidity risk 2.3 Shares A share is an instrument representing a shareholder’s rights in a company. Shares may carry a fixed, variable or no entitlement to dividend. The extent of a shareholder’s ownership in a company depends on the number of shares which are owned in relation to the total number of shares in issue. Shareholders become co-owners of the company and participate in the company’s development as well as in chances for profit and losses. Some shares are bought on stock exchanges and their values can go down as well as up in line with market conditions. These shares are termed “quoted”. In respect of unlisted shares or shares in small companies, there is an additional risk of losing money when such shares are bought and sold, due to possible low liquidity. Shares have an exposure to all major risks types listed in paragraph 3 below (General risks involved in dealing with financial instruments) and prices may undergo unforeseeable price fluctuations causing a risk of loss. The functioning and performance of shares in different market conditions will depend on any one or a combination of those major risk types. One of the main factors determining the price of the share is the perception of its current value to its owner. Investing in shares that are concentrated in a specific sector is considered to be a higher risk strategy due to the concentrated exposure to the market sector in question. Shares in companies incorporated in emerging markets may be harder to buy and sell than shares in companies in more developed markets and such companies may also not be regulated as strictly as in more developed markets. If a company goes into liquidation, its shareholders rank behind the company’s creditors (including its subordinated creditors) in relation to the realisation and distribution of the company’s assets with the result that a shareholder will normally only receive any money from the liquidator if there are remaining proceeds of the liquidation once all the creditors of the company have been paid in full. Certain specific types of shares or equity-like instruments: Private equity: non-listed shares or instruments used to finance new companies/activities. These types of investment are often limited to certain (professional) investors, as they are relatively risky and illiquid. Depository receipts: generally speaking, these instruments can be defined as giving the right to a certain number of foreign shares that the issuer of the receipt holds on behalf of the holder of the receipt. They are normally traded in the same way as shares, but on a foreign market or execution venue. Their price is linked to the price of the underlying shares. In principle, they hold a right to a dividend, but no voting right. Preference shares: these shares have certain special privileges as regards to dividends (for example a fixed dividend), but therefore often hold no voting right. Main risks: Market risk, Currency risk, Insolvency risk, Liquidity risk 2.4 Reverse convertibles Reverse convertibles can be considered as hybrid instruments between a (high) yield investment and a derivative (short put). When investing in a reverse convertible, you effectively buy a note from the issuer and sell a put option to the issuer simultaneously. Clients that do not have risk tolerance for selling put options generally should query whether they want to invest in a security that contains an embedded one. They have a nominal value with a predefined interest rate. However, the interest payments and/or final reimbursement depend on the performance of an underlying instrument, such as a stock index or a share. Therefore, if the underlying performs well, the investor will normally receive a cash reimbursement. However, if the underlying does not perform well, the investor will receive either a number of shares or a reduced amount of cash, resulting in a capital loss. The performance of the reverse convertible in different market conditions will depend on the performance of the underlying in those market conditions. For example, where shares are the underlying, the potential loss is as large as the possible fall in share price. You are exposed to credit risk because you are relying on the issuing company’s ability to make interest payments during the term and pay you the principal at maturity. There is no guaranteed secondary market, meaning that there may be no exit methods until maturity. Some reverse convertibles have “call provisions” that allow the issuer, at its sole discretion, to redeem the investment before it

docondcusGBRen_v3.2a_17082021BP 56/73 matures. It is important that you carefully read the information or prospectus specific to each reverse convertible to learn whether there is a call provision and what its specific terms are. Note that the risks associated with the reverse convertible may be greater than the risks associated with any of its component financial instruments. Main risks: Credit risk, Interest rate risk, Market risk, Liquidity risk 2.5 Warrants A warrant is a negotiable instrument that confers on its holder, for a predetermined period of time and for a predetermined price, a contractual right (but not an obligation) to subscribe for securities, usually of the issuer, or, in the case of an issue by a finance subsidiary, its parent. The securities subject to the right may be equity shares, in which case the warrants are known as equity warrants, or other debt securities, when they are known as debt warrants. Generally, the success of investing in warrants depends primarily on how the underlying asset performs during the life of the warrant. The price of the warrants will, therefore, be affected by the risk factors that can affect the price of the underlying to which the warrant relates. A relatively small movement in the underlying security results in a disproportionately large movement, unfavourable or favourable, in the price of the warrant. The prices of warrants can, therefore, be volatile. You should understand that the right to subscribe which a warrant confers is invariably limited in time with the consequence that if the investor fails to exercise this right within the predetermined time scale, the investment becomes worthless. Transactions in off-exchange warrants may involve greater risk than dealing in exchange-traded warrants because there is no exchange market through which to liquidate your position, or to assess the value of the warrant or the exposure to risk. This means that there may be impediments to disinvestment. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what is a fair price. Losses resulting from warrants can exceed the amount invested when commissions or other transaction charges are included. Each warrant is a contract between the warrant issuer and the holder. You are, therefore, exposed to the risk that the issuer will not perform its obligations under the warrant. You should not buy a warrant unless you are prepared to sustain a total loss of the money that you have invested plus any commission or other transaction charges. Some other instruments are also called warrants but are actually options (for example a right to acquire securities which is exercisable against someone other than the original issuer of the securities, often called a “covered warrant”). Main risks: Credit risk, Market risk, Liquidity risk 2.6 Collective investment products Collective investment products, often referred to as “investment funds”, can take several legal forms, and be either open-ended (when they continuously offer their shares for sale or purchase to investors, based on their net asset value) or closed-ended (when there are a fixed number of shares that cannot be redeemed as easily as open-ended funds). They include “Mutual Funds”, “Investment Trusts”, “Unit Trusts”, “Investment Companies with Variable Capital”, “Undertakings for Collective Investments in Transferable Securities”, “Exchange Traded Funds”, “Real Estate Investment Trusts” “Hedge Funds” and “Private Equity Funds”. These are all investment vehicles that invest their assets in the securities of other issuers, or in cash, in accordance with their own internal rules or “investment policy”. The value of an investment in a collective investment product is determined by the value of the underlying investment made by the product’s managers (its net asset value, which is usually calculated on a daily basis). Hence any income received from investing in a collective investment scheme may vary with the dividends or interest paid by the underlying investments and so could fall as well as rise. In the case of certain specific funds, such as hedge funds, there may be limits to the ability to redeem units and such funds may also engage in shorting or leveraging techniques. Additionally, the type of strategies and investments envisaged by a will be a key determinant of how risky the investment will be. Strategies may range from lower risk absolute return funds up to high risk or speculative funds which make use of extensive leverage in an attempt to make maximum gain from their investment strategy. Collective investment products that focus on a country, sector or market index may display greater volatility than the wider market and so should be considered as higher risk than more widely invested collective investment products. It may not be possible to trade units or shares in collective investment products if there is no liquid market. You should be aware that as an investor in a collective investment vehicle, you will often have none of the rights connected with direct individual investment within the investment vehicle (for example, discounts on the issuer’s products and the right to attend the company’s annual general meeting and vote on important matters). Normally, there is no established secondary market in collective investment products which means that your investment in them cannot usually be sold to third parties. However, (except for certain types of “closed-ended” fund) the constitutional docondcusGBRen_v3.2a_17082021BP 57/73 documents of the collective investment product will normally provide for you to be able to redeem your investment in the collective investment product at its net asset value. The frequency with which you can redeem your investment will depend upon the precise terms of those constitutional documents. Investment funds are independently managed with inherent costs charged by the fund provider. Fund charges include management fees, operating expenses, taxes and transaction costs, which are typically deducted from the product unit price. These details are available in the respective fund documentation. The total costs of a fund is commonly referred to as the fund total expense ratio (or “TER”), which is a measure of the total annual costs of the fund in relation to its total assets. Hedge funds may be less transparent than a traditional investment fund, as investors are not always informed about planned strategies or changes to the hedge fund manager. Normally, investors can only invest in a hedge fund at specific times. There are generally long notice periods for redemptions and long lock-up periods (periods during which investors are obliged to leave their capital in the fund). The composition of the fund’s portfolio of investments may change from time to time. Such changes may have an impact on the value of the fund. Hedge fund managers are generally unregulated, meaning they are not subject to the numerous investor protection regulations that apply to regulated collective investment schemes. These include rules on liquidity, redemption of fund units at any time, avoiding conflicts of interest, fair prices for fund units, disclosure and limitations on borrowing. As such, hedge funds can use more leverage and engage in complex investment transactions. A hedge fund may adopt aggressive strategies, including the widespread use of short selling, leverage, swaps, arbitrage and derivatives. Their investment strategies are often highly complex and very opaque. You will often receive little or no information about changes of strategy that may lead to a significant increase in risk, or receive such information only at a late stage. In the case of exchange traded funds (“ETF”), which often have the characteristic of tracking an underlying index, prices can vary during the day, as ETFs are traded on a stock exchange in the same way as shares. Investors in an ETF rely on the manager to track the performance of the underlying assets. In practice, the ETF’s performance will differ from the performance of those assets. Therefore, an investor may receive lower returns that it would have had it invested directly in those underlying assets. ETF managers may employ a synthetic structure to provide the stated return, whereby the return is based on a derivative executed with a counterparty. The return may therefore be dependent on the credit quality of the counterparty and/or the collateral held to support the position. Private Asset funds may involve complex tax and legal considerations and can give rise to considerable risks, including the risk of partial or total loss of the investment. The term “Private Assets” covers investments that are not exchange- listed and are considered non-traditional investments involving higher volatility and less predictability. Such investments require a long-term financial commitment (usually over 10 years), with no possibility of exiting or transferring the investment (without there being unfavourable conditions). The investments may relate to any type of domestic or foreign investment vehicle investing directly or indirectly in Private Assets, including limited partnerships, investment companies, trusts, collective investment schemes offered by the Pictet Group or other asset managers, funds of funds, secondary funds, co-investments and listed funds invested in non-listed investments. There are three principal areas of Private Assets: (a) Private Equity; (b) Private Real Estate; and (c) Private Debt (each a “Private Asset”). Private Equity: refers to forms of risk capital financing for companies that are either not exchange-listed or, as the case may be, wish to delist. The purpose of the investment can, for example, be to fund a start-up company (venture capital), to make acquisitions (growth equity, buyout), to strengthen a balance sheet (special situations) or to turn around a challenged company (distressed, turnaround). Private Real Estate: refers to non-listed investments in real estate in the broadest sense, i.e. investments related to a certain extent to land as well as any physical asset permanently fixed to land. The assets may be in various stages of development or already in existence and generating income. There are two major categories of real estate: residential and commercial (e.g. office, retail, hospitality, industrial). Private Real Estate investments may also be made throughout the capital structure of a company active in the real estate business: equity, mezzanine and other debt. Private Real Estate investments often aim to generate both regular income (e.g. through a lease) and capital appreciation. Major real estate investment strategies include: core (established, stabilized properties generating stable income), value added (properties requiring refurbishing, repositioning or significant asset management aiming to generate a mixture of capital appreciation and income generation) and opportunistic (tactically leveraging opportunities, focused on capital appreciation). Private Debt: refers to investment opportunities related to structural changes in the global credit markets (e.g. financial crisis aftermath, intervention by central banks, low interest rates, new regulations, oil prices). The Private Debt spectrum is wide and may include, for example: • asset-backed lending, such as real estate debt (e.g. stepping in for banks, supporting bank deleveraging or investing in opportunities that provide yield/income with downside protection);

docondcusGBRen_v3.2a_17082021BP 58/73 • cash flow lending, such as corporate direct lending (e.g. mid-market corporate lending, stepping in for banks where businesses are unable to access financing); and • other credit opportunities, such as structured credit, less liquid tradable loans, balance sheet restructuring and relief capital (aiding traditional lenders’ compliance with new regulation, and capitalizing on market dislocations). Private Debt investments usually do not rely on capital appreciation. The aim of investing in debt is usually to generate regular income through coupon payments, while providing downside protection in the event of market corrections. In relation to investments in Private Assets in general: Investors must be aware of the particular features and risks inherent to the investment vehicle (e.g. fund, limited partnership, corporation, etc.) through which the investment in Private Assets is made, as the rights and obligations of the investors may vary considerably depending on the legal structure and jurisdiction of the vehicle. As a general rule, Private Asset investment vehicles are not regulated, i.e. they are not subject to any specific rules regarding transparency or other investor protection mechanisms. They may be domiciled in a jurisdiction where it may be difficult for investors to assert any rights. The terms and conditions of investments in Private Assets may also be set forth in a specific agreement (e.g. a limited partnership agreement between the limited partners (investors) and the general partner (manager)). The risk of fraud may be higher than in traditional investments. When making an indirect investment in Private Assets, investors must keep in mind the risks associated with both the investment vehicle and the underlying Private Assets. The risk of default of the investment vehicle is borne by the investors in the vehicle. The performance of indirect investments in Private Assets will highly depend on the ability of the manager of the investment vehicle to invest the committed capital by sourcing, completing and exiting investments in Private Assets that satisfy the vehicle’s investment objectives. At the time of the launch of the investment vehicle, it is possible that no specific investment has yet to be identified. Further, investors usually have no assurance as to the degree of diversification of the investment vehicle, so that the performance of the vehicle may be affected by the unfavourable performance of even a single investment. The operating expenses of the investment vehicle may be substantial and may thus reduce the investors’ actual returns realised on the underlying Private Asset investments. Expenses may include recurring and regular items, as well as extraordinary expenses (including compensation and indemnification provisions (e.g. in favour of the investment manager/advisor, the general partner)). Performance fees (usually over a preferred return/hurdle rate) may be charged in addition to management fees. As a general rule, investments in Private Assets require investors to commit to investing a given significant amount which will need to be secured immediately, even if the actual capital call occurs later on. That means that the investor usually needs to maintain all of the capital commitment in assets that can be readily converted into cash, and that they may no longer be able to freely dispose of the amount of the commitment upon committing to the investment, even if the investor has not yet been called to pay in (in part or in full) their capital commitment. As a matter of principle, the investor’s obligation to satisfy the capital call is irrevocable and unconditional. Investors have no rights or powers to take part in the management of the Private Asset investment, and the investors’ obligation to satisfy capital calls will in no way be contingent upon the performance of the Private Asset investment. Investors that do not put up the amount required under a capital call in a timely manner may be subject to significant sanctions and penalties, including the total loss of their investment. The default of one investor may adversely affect non-defaulting investors. Investors may have to bear costs and expenses when fulfilling a capital call (e.g. transfer fees, taxes). Investments in Private Assets are long-term investments (usually over 10 years, with possible extensions). As a rule, investors may not exit the investment prior to maturity, or may do so only subject to very unfavourable conditions. Investors will usually not be permitted to assign, sell, pledge or transfer any rights in the Private Asset investment, except with the investment vehicle’s prior consent, which the investment vehicle may decide not to grant without having to provide a reason. Even if the investor is authorised to sell their investment before maturity on an exceptional basis, there may not be a market for such a sale, or the market may be very illiquid or not transparent. Transfer restrictions may subsist even beyond maturity (e.g. in the case of exiting the investment through an IPO following which listed shares may be subject to a lock-up period). Therefore, interests in private equity are often highly illiquid and should be considered a long term investment as there is no public market for such interests and are often only transferable with consent. Investments in Private Assets often generate no distribution; capital will be returned and gains (if any) will be realised usually only upon disposing of the investment after a minimum (usually long) period. The terms and conditions applicable when investing in a Private Asset investment may provide for the automatic reinvestment of distributions (if any). If distributions are made, they may have to be returned at a later time depending on the circumstances and the legal provisions governing the investment (e.g. claw-back provisions, recallable distributions). Thus, investors may be required to make capital contributions in excess of the initial capital commitment. Private Asset investments are usually closed-ended investment vehicles. The market for investment opportunities may be highly competitive. Private Asset investments are likely to be oversubscribed and investors may not be able to commit the amount they initially wanted to invest. Further, Private Asset investment vehicles may not treat all docondcusGBRen_v3.2a_17082021BP 59/73 investors equally, i.e. they may grant more favourable conditions or more extensive rights to one or more particular investors by way of a specific agreement (e.g. side letter). One or more investors (or categories of investors) may be excluded from a particular investment, in particular due to tax concerns or other regulatory reasons. Private Asset investments are usually open only to investors fulfilling strict eligibility criteria concerning their level of sophistication/qualification and/or their nationality/place of residence. Investors must also be aware of and agree to the fact that the disclosure of their personal data or banking relationship may be required when investing in Private Assets, either at the time of the first investment or at a later time, and that such data may be shared with third parties, including foreign authorities. By investing in Private Assets, investors waive confidentiality, banking secrecy and data protection to the extent applicable. Private Asset investments are often made based on a due diligence process entailing the evaluation of important and complex business, financial, tax, accounting, environmental and legal issues, usually within short deadlines. Investors have to rely on the information made available to them, including information provided by the target investment or persons who may face conflicts of interests. Outside consultants, legal advisors, accountants and other third parties may be involved in the due diligence process to varying degrees. As a general matter, the due diligence investigation carried out with respect to any investment opportunity may not reveal or highlight all relevant facts that may be necessary or helpful in evaluating such investment opportunity. Private Asset investments are subject to general economic and market conditions and circumstances (e.g. interest or inflation rates, political, environmental and socioeconomic circumstances, force majeure events). Certain Private Asset investments may be subject to additional specific risks depending on the industry in which the investments are made. Regulated industries for example are subject to greater amounts of regulations, which may be subject to changes. Investments in natural resources such as commodities or energy involve other specific risks (e.g. weather conditions, transportation and storage, uncertainty of the estimates of the resources available). Legal, tax and regulatory changes may also adversely affect the Private Asset investment. The consequences of investing in Private Asset investments from a tax law perspective may be complex and unpredictable. Main risks: Interest rate risk, Market risk, Liquidity risk, Currency risk 2.7 Structured products Structured products are packaged in function of a certain investment strategy and are composed of several financial instruments, often a zero-bond or money market instrument, together with a derivative instrument. They generally have the form of a so-called Euro Medium Term Note (EMTN), which has a nominal value and interest or bonus payments (if any) expressed in %, such as bonds. Many varieties exist, such as products linked to a specific index, to a basket of shares, or even to oil certificates. Globally speaking, structured products can be divided between those which offer a capital protection at maturity and those which do not offer any capital protection. For those which do offer capital protection, it is important to note that this protection only exists at maturity and provided that neither the issuer nor the guarantor is in a situation of payment default. Furthermore, due to the important number of varieties of structured products that exist, it is important that a Client carefully reads the information specific to each product he/she may wish to invest in, as risks and characteristics differ for each type. For example, the risks associated with the structured product may be greater than the risks associated with any of its component financial instruments. The product may involve an element of leverage and so a relatively small movement in the value of the relevant underlying asset or index may have a significant effect on the value of the structured product. Structured products are generally not traded on regulated markets and you take the risk on the counterparty issuing the structure. There is typically no recognised market for these investments and it may, therefore, be difficult for you to deal in the investment, disinvest or to obtain reliable information about its value or the extent of the risks to which it is exposed. A combination of products intended to achieve a certain purpose such as eliminating or limiting market risk may not achieve this purpose in practice. Termination events, disruption fall-backs and adjustments for extraordinary events may not apply identically to each component, leading to unexpected economic consequences. Strategies using combination of positions such as ‘spread’ or ‘straddle’ combined positions may be as risky as taking simple long or short positions. Finally, it is important to bear in mind that during the life of a structured product, its value on the secondary market may be below 100% (below par), even for those which offer capital protection at maturity. Main risks: Credit risk, Interest rate risk, Market risk, Liquidity risk, Currency risk

docondcusGBRen_v3.2a_17082021BP 60/73 2.8 Derivatives A derivative is a financial instrument, the value of which is derived from the value of an underlying asset. Rather than trade or exchange the asset itself, an agreement is entered into to exchange money, assets or some other value at or before a future date and at a predetermined price, based on the underlying asset. A premium may also be payable to acquire the derivative instrument. There are many types of derivatives, but options, futures and swaps are among the most common. An investor in derivatives often assumes a high level of risk and, therefore, investments in derivatives should be made with caution, especially for less experienced investors or investors with a limited amount of capital to invest. Derivatives have usually a high risk connected with them, predominantly as there is a reliance on the performance of the underlying assets. Options or futures can allow a person to pay only a premium to have exposure to performance of an underlying asset, and while this can often lead to large returns if the investor has made correct assumptions with regard to the performance, it can also lead to a 100% loss (the premium paid) if incorrect. Options or futures sold “short” or uncovered (i.e. without the seller owning the asset at the time of the sale) may lead to losses that are higher than the invested amount if, depending on the nature of the derivative, the price of the underlying asset falls or rises significantly (for example, the writer of a call option may be forced to purchase the securities at unfavourable prices/have to acquire the underlying at an unfavourable market value in order to fulfil their obligation to effect delivery if the option is exercised). If a derivative transaction is particularly large or if the relevant market is illiquid (as may be the case with many privately negotiated off exchange derivatives), it may not be possible to initiate a transaction or liquidate a position at an advantageous price. “On exchange derivatives” are subject, in addition, to the risks of exchange trading generally, including potentially the requirement to provide margin. A relatively small market movement will have a proportionately larger impact on the margin an investor has deposited or will have to deposit: this may work against the investor as well as for them. An investor may sustain a total loss of initial margin funds and any additional margin deposited with the firm to maintain their position. However, if the market moves against their position or margin levels are increased, the investor may be called upon to pay substantial additional collateral on short notice to maintain their position. The terms and conditions of on exchange derivatives (including the strike or forward price) may be modified by the exchange or clearing house to reflect changes or events in respect of the underlying asset. ‘Stop loss’ or ‘stop limit’ orders intended to limit losses may not be effective if market conditions make it impossible to execute such orders. Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or 'circuit breakers') may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If an investor has sold options, this may increase the risk of loss. “Off exchange derivatives” may take the form of unlisted transferable securities or bi- lateral over the counter contracts (“OTC”). Although these forms of derivatives may be treated differently, both arrangements may be subject to credit risk of the issuer (if transferable securities) or the counterparty (if OTCs) and, like any contract, are subject also to the particular terms of the contract (whether a one-off transferable security or OTC, or a master agreement), as well as the risks identified above. In particular, with an OTC contract, the counterparty may not be bound to close out or liquidate this position and so it may not be possible to terminate a loss-making contract. The occurrence of certain events relating to the underlying of the derivative transaction may trigger the right of the calculation agent to make certain adjustments to the economic terms (e.g. market disruption events, stock splits, or the payment of unexpected or extraordinary dividends, currency controls). Such adjustments may involve an element of discretion on the part of the calculation agent. Exposure to an underlying via an OTC derivative may not correspond in all cases with exposure obtained by holding the underlying directly. Illiquid Instruments: uncleared OTC derivative contracts can be amended or transferred only pursuant to their express terms or by agreement of the parties. Where consent of the dealer to transfer or unwind an OTC derivative transaction is required, it may not provide such consent, for reasons which it is not obliged to disclose. In addition, there may not be another dealer who is willing to provide the same or a similar transaction. OTC derivative transactions on standardised terms (e.g. credit default swaps with set payment dates and maturity dates) will be more liquid than bespoke transactions. Cleared OTC derivatives are OTC derivatives which have been submitted to and accepted for clearing by a clearing house. Such cleared derivatives are subject to the collateral arrangements required by the clearing house. Therefore participants may be required to post collateral on short notice to cover losses incurred under the cleared OTC derivative contracts. Failure to post collateral may lead to the contracts being closed out which could crystallise a loss position. Futures and options contracts can also be referred to as contracts for difference. These can be options and futures on the FTSE 100 index, any other index or the value of assets of any description, as well as currency and interest rate swaps. However, unlike other futures and options, these contracts can only be settled in cash. Investing in a contract for differences carries the same risks as investing in a future or an option and you should be aware of these risks as docondcusGBRen_v3.2a_17082021BP 61/73 set out earlier in this paragraph. Transactions in contracts for differences may also have a contingent liability and you should be aware of the implications of this as set out in paragraph 3.10 below. Derivatives can be used for speculative purposes or as hedges to manage other investment risks. In all cases, the suitability of the transaction for the particular investor should be very carefully considered. You are, therefore, advised to ask about the terms and conditions of the specific derivatives and associated obligations (e.g. the circumstances under which you may become obliged to make or take delivery of an underlying asset and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances, the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes of the underlying assets. Normal pricing relationships between the underlying asset and the derivative may not exist in all cases. The absence of an underlying reference price may make it difficult to assess a fair value. Main risks: Credit risk (mainly in the case of OTC derivatives), Interest rate risk, Market risk, Liquidity risk, Currency risk, Settlement risk (mainly in the case of OTC derivatives), Insolvency risk (mainly in the case of OTC derivatives) 2.9 Murabaha Generally, murabaha involves us purchasing a specific item or commodity on your behalf through a foreign bank acting as agent. We then sell the specific item or commodity immediately to the foreign bank acting as agent but on a deferred payment basis consisting of the purchase price plus a mutually agreed profit margin, which is paid in instalments. We will then transfer such instalments to your Account. Only certain goods are eligible for the purposes of murabaha, meaning goods, products and commodities which do not consist of pork, alcoholic beverages, tobacco, narcotic drugs, gold or silver.

3 General risks involved in dealing with financial instruments 3.1 Credit risk Credit risk is the risk due to uncertainty in the Counterparty’s ability to meet its obligations. Because there are many types of Counterparties from individuals to sovereign governments and many different types of obligations from auto loans to derivatives transactions, credit risk takes many forms (for example, the risk of bankruptcy and the risk of not meeting a margin call). Institutions manage credit risk in many different ways. You should be aware that the credit risk of the Counterparty is closely linked to the Counterparty’s default probability, the credit exposure and the recovery rate of the Counterparty. The credit risk of institutions who issue financial instruments is analysed by rating agencies (Moody’s, S&P Global Ratings, Fitch, etc.), who give a certain score or “rating” to institutions, based on their analysis of each institution’s capacity to respect its financial commitments. Thus, an AAA rating is considered as the safest, whereas a D rating indicates that the issuer is in default of meeting its financial obligations. 3.2 Clearing house protections On many exchanges, the performance of a transaction by us (or by a third party with whom we are dealing on your behalf) is “guaranteed” by the exchange or clearing house. However, this guarantee is unlikely in most circumstances to cover you and you may not be protected if we, or another party, were to default on obligations owed to you. 3.3 Market risk Markets can be developed in many different ways and so the price for investments in each market is dependent on several factors such as supply and demand and other economic factors. In emerging markets, social, economic and political changes can also influence these factors and, as such, the profitability of any investment in this market. You should also be aware that trading conditions may differ in every market. Under certain trading conditions, it may be difficult or impossible to liquidate a position. This may occur, for example, at times of rapid price movement if the price rises or falls in one trading session to such an extent that, under the rules of the relevant exchange, trading is suspended or restricted. Placing a stop-loss order or a limit order are well-known measures in order to limit risks, but they will not necessarily limit your losses to the intended amounts, because market conditions may make it impossible to execute such an order at the stipulated price. If there is a so-called market disruption event (for example, a default in payment of the issuer of a financial instrument), this may have important consequences for the structured products that are linked to this instrument. Thus, structured products are often reimbursed before maturity if a market disruption event occurs, but generally not at par. 3.4 Liquidity risk Liquidity risk is the risk that you will not always be able to obtain an appropriate price for your investment when you sell it, due to lack of demand on the relevant market. When certain securities and derivatives are impossible to

docondcusGBRen_v3.2a_17082021BP 62/73 sell, or can only be sold with difficulty and at a sharply reduced price, the market is said to be illiquid. Liquidity risk occurs especially with shares in unlisted or poorly capitalised companies, investments with sale restrictions and certain structured products. 3.5 Interest rate risk Interest rate risk is a risk to which the earnings or market value of an investment is exposed, due to fluctuating interest rates. Interest can go up or down and may not work in your favour. Generally, bonds and securities are exposed to this risk. When you invest in securities and bonds, it is important that you are aware of this risk to enable you to take appropriate action should future interest rates not be in your favour. A classic example is the effect of an interest rate cut on the value of a bond. If an existing bond offers an interest rate of 3% and new bonds only offer 2%, then the existing bond will increase in value. The opposite will of course occur if rates go up. 3.6 Currency risk Currency risk exists when you invest in a currency that is different from your reference currency. For example, if you are a European resident and buy shares in USD, the performance of your investment is not only linked to the share price, but also to the fluctuation of the USD against the EURO. Currency risk may even exist for financial instruments (for example structured products) which are quoted in EURO, as they can be linked to an underlying instrument in another currency. 3.7 Inflation risk Inflation can be defined as an increase of the general level of prices of certain basic consumer goods such as food, beverages, energy prices, etc. The consequence of such an increase in prices is that the same amount of money will allow you to buy fewer goods than before the increase of prices. Inflation risk, therefore, is the risk that the inflation rate is higher than the yield (or interest rate) you receive on a given Investment, resulting in a loss of the value of the capital initially invested. 3.8 Settlement risk The risk is that one party may perform on its obligation upon settlement of a financial instrument but the other might not, leaving the non-defaulting party in the position of having paid out under the contract and received nothing in return. This arises mainly in transactions where there is a time lag between the parties performing their obligations under the contract. The most common example is in foreign exchange markets because each currency must be delivered in its home country. Due to time zone differences, several hours can elapse between a payment being made in one currency and the offsetting payment being made in another currency. 3.9 Insolvency risk A credit institution’s insolvency, or that of any other brokers involved with the transaction, may lead to positions being liquidated or closed out without your consent. In certain circumstance, you may not get back the actual assets which you lodged as collateral and you may have to accept any available payments in cash. 3.10 Contingent liability risk Contingent liability transactions, which are margined, require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately. If you trade in future contracts for differences or sell options, you may sustain a total loss of the margin you deposit with a firm to establish or maintain a position. If the market moves against you, you may be called upon to pay substantial additional margin at short notice to maintain the position. If you fail to do so within the time required, your position may be liquidated at a loss and you will be responsible for the resulting deficit. Even if a transaction is not margined, it may still carry on obligation to make further payments in certain circumstances over and above any amount paid when you entered into the contract. 3.11 Regulatory and legal risk This is the risk that a change in laws or regulations will materially impact a security and investments in a given sector or market. A change in laws or regulations made by the government or a regulatory body can increase the costs of operating a business, reduce the attractiveness of investment and/or change the competitive landscape and, as such, alter the profit potential of an investment. This risk is unpredictable and may vary from market to market. In emerging markets, such risk may be higher than in more developed markets. For example, in emerging markets, the inadequacy or absence of regulatory measures can give rise to an increased danger of market manipulation, insider trading or the absence of financial market supervision can affect the enforceability of legal rights. 3.12 Sustainability risk Sustainability risk is the risk arising from any environmental, social or governance events or conditions that, were they to occur, could cause a material negative impact on the value of the investment. Specific sustainability risks will vary for each investment, and include but are not limited to the following:

docondcusGBRen_v3.2a_17082021BP 63/73 • Environmental risks: The risk posed by the exposure to issuers that may potentially be causing or affected by environmental degradation and/or depletion of natural resources. Environmental risk may result from air pollution, water pollution, waste generation, depletion of freshwater and marine resources, loss of biodiversity or damages to ecosystems. Environmental risks may negatively affect the value of investments by impairing assets, productivity or revenues, or by increasing liabilities, capital expenditures, operating and financing costs. • Transition risks: The risk posed by the exposure to issuers that may potentially be negatively affected by the transition to a low carbon economy due to their involvement in exploration, production, processing, trading and sale of fossil fuels, or their dependency upon carbon intensive materials, processes, products and services. Transition risk may result from several factors, including rising costs and/or limitation of greenhouse gas emissions, energy-efficiency requirements, reduction in fossil fuel demand or shift to alternative energy sources, due to policy, regulatory, technological and market demand changes. Transition risks may negatively affect the value of investments by impairing assets or revenues, or by increasing liabilities, capital expenditures, operating and financing costs. • Physical risks: The risk posed by the exposure to issuers that may potentially be negatively affected by the physical impacts of climate change. Physical risk includes acute risks arising from extreme weather events such as storms, floods, droughts, fires or heatwaves, and chronic risks arising from gradual changes in the climate, such as changing rainfall patterns, rising sea levels, ocean acidification, and biodiversity loss. Physical risks may negatively affect the value of investments by impairing assets, productivity or revenues, or by increasing liabilities, capital expenditures, operating and financing costs. • Social risks: The risk posed by the exposure to issuers that may potentially be negatively affected by social factors such as poor labour standards, human rights violations, damages to public health, data privacy breaches, or increased inequalities. Social risks may negatively affect the value of investments by impairing assets, productivity or revenues, or by increasing liabilities, capital expenditures, operating and financing costs. • Governance risks: The risk posed by the exposure to issuers that may potentially be negatively affected by weak governance structures. For companies, governance risk may result from malfunctioning boards, inadequate remuneration structures, abuses of minority shareholders or bondholders’ rights, deficient controls, aggressive tax planning and accounting practices, or lack of business ethics. For countries, governance risk may include governmental instability, bribery and corruption, privacy breaches and lack of judicial independence. Governance risk may negatively affect the value of investments due to poor strategic decisions, conflicts of interest, reputational damages, increased liabilities or loss of investor confidence. Consequent impacts to the occurrence of sustainability risks can be many and varied according to a specific risk, region or asset class. Generally, when a sustainability risk occurs for an asset, there will be a negative impact and potentially a partial or total loss of its value.

docondcusGBRen_v3.2a_17082021BP 64/73 Appendix 5: Depositor Information Sheet

Basic Information about the protection of deposit

Eligible deposits in Pictet & Cie (Europe) S.A. London The Financial Services Compensation Scheme (“FSCS”)1 Branch are protected by

Limit of protection £85,000 per depositor per bank/building society/credit union2

If you have more eligible deposits at the same All your eligible deposits at the same bank/building society/credit union are bank/building society/credit union “aggregated” and the total is subject to the limit of £85,0002

If you have a joint account with another person(s) The limit of £85,000 applies to each depositor separately3

Reimbursement period in case of bank, building Twenty (20) working days4 society or credit union’s failure

Currency of reimbursement Pound sterling (GBP, £)

To contact Pictet & Cie (Europe) S.A. London Branch Pictet & Cie (Europe) S.A., London Branch for enquiries relating to your account: Stratton House, 6th Floor 5 Stratton Street London W1J 8LA United Kingdom To contact the FSCS for further information on Financial Services Compensation Scheme compensation: 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU Tel: 0800 678 1100 or 020 7741 4100 Email: [email protected]

More information www.fgdl.lu

Acknowledgement of receipt by the depositor Please refer to the tick box in the Account Application Form.

docondcusGBRen_v3.2a_17082021BP 65/73 Additional information 1. Scheme responsible for the protection of your eligible deposit Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to £85,000 by the Deposit Guarantee Scheme. 2. General limit of protection If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers a maximum of £85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with £80,000 and a current account with £20,000, he or she will only be repaid £85,000. In some cases eligible deposits which are categorised as “temporary high balances” are protected above £85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: (a) certain transactions relating to the depositor’s current or prospective only or main residence or dwelling; (b) a death, or the depositor’s marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity; (c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained under http://www.fscs.org.uk 3. Limit of protection for joint accounts In case of joint accounts, the limit of £85,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000. 4. Reimbursement The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU, Tel: 0800 678 1100 or 020 7741 4100, Email: [email protected]. It will repay your eligible deposits (up to £85,000) within 20 working days until 31 December 2018; within 15 working days from 1 January 2019 until 31 December 2020; within 10 working days from 1 January 2021 to 31 December 2023; and within 7 working days from 1 January 2024 onwards, save where specific exceptions apply. Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses or operating costs (in the case of a depositor which is not an individual or a large company) within 5 working days of a request. If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. Further information can be obtained under http://www.fscs.org.uk. Other important information In general, all retail depositors and businesses are covered by the Deposit Guarantee Scheme. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. Your bank, building society or credit union will also inform you of any exclusions from protection which may apply. If deposits are eligible, the bank, building society or credit union shall also confirm this on the statement of account.

docondcusGBRen_v3.2a_17082021BP 66/73 Appendix 6: Exclusions List

A deposit is excluded from protection if: 1. The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union. 2. The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering. 3. It is a deposit made by a depositor which is one of the following: – credit institution – financial institution – investment firm – insurance undertaking – reinsurance undertaking – collective investment undertaking – pension or retirement fund1 – public authority, other than a small local authority. 4. It is a deposit of a credit union to which the credit union itself is entitled. 5. It is a deposit which can only be proven by a financial instrument2 unless it is a savings product which is evidenced by a certificate of deposit made out to a named person and which existed in the UK, Gibraltar or a Member State of the EU on 2 July 2014). 6. It is a deposit of a collective investment scheme which qualifies as a small company3. 7. It is a deposit of an overseas financial services institution which qualifies as a small company4. 8. It is a deposit of certain regulated firms (investment firms, insurance undertakings and reinsurance undertakings) which qualify as a small business or a small company5 – refer to the FSCS for further information on this category. 9. It is not held by an establishment of a bank, building society or credit union in the UK or, in the case of a bank or building society incorporated in the UK, it is not held by an establishment in Gibraltar.

For further information about exclusions, refer to the FSCS website at www.FSCS.org.uk

1 Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded. 2 As listed in Part I of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, read with Part 2 of that Schedule. 3 Under the Companies Act 1985 or Companies Act 2006. 4 See footnote 3. 5 See footnote 3.

Pictet & Cie (Europe) S.A. is a société anonyme (public limited liability company) incorporated in Luxembourg and registered with the Luxembourg Registre de Commerce et des Sociétés (RCS no. B32060). Its head office is at 15A, avenue J.F. Kennedy, L-2016 Luxembourg. Its London branch is registered as a UK establishment with Companies House (establishment number BR016925) and its UK establishment office address is Stratton House 6th Floor, London, 5 Stratton Street, W1J 8LA. Authorised and regulated by the Commission de Surveillance du Secteur Financier. Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

docondcusGBRen_v3.2a_17082021BP 67/73 French Language Summary of the SILL

Aperçu sommaire de la protection des investisseurs Le système d’indemnisation des investisseurs, Luxembourg («SIIL») couvre les investisseurs, personnes physiques ou morales, auprès de Pictet & Cie (Europe) S.A. y compris ses succursales en Union Europénne, dans les limites, sous les conditions et suivant les modalités de la loi du 18 décembre 2015 relative aux mesures de résolution, d’assainissement et de liquidation des établissement de crédit et de certaines entreprises d’investissement ainsi qu’aux systèmes de garantie des dépôts et d’indemnisation des investisseurs. Le SIIL assure une couverture pour les créances résultant de l’incapacité de Pictet & Cie (Europe) S.A. de: 1. rembourser aux investisseurs les fonds leur étant dus ou leur appartenant et détenus pour leur compte en relation avec des opérations d’investissement conformément aux conditions légales et contractuelles applicables; ou 2. restituer aux investisseurs des instruments leur appartenant et détenus, administrés ou gérés pour leur compte en relation avec des opérations d’investissement conformément aux conditions légales et contractuelles applicables.

Le SIIL couvre l’ensemble des opérations d’investissement d’un même investisseur, quel que soient le nombre de comptes, la devise et leur localisation dans l’Union européenne, jusqu’à concurrence d’un montant d’une contre-valeur de 20 000 euros.

Dans une opération d’investissement effectuée dans le contexte d’un compte joint, il est tenu compte dans le calcul de la couverture de la part revenant à chaque investisseur dans cette opération d’investissement. A défaut de dispositions particulières, les créances sont réparties de façon égale entre les investisseurs.

Les investisseurs doivent être indemnisés dès que possible et au plus tard endéans les trois mois par le SIIL.

docondcusGBRen_v3.2a_17082021BP 68/73 Appendix 7: Pictet Group Privacy Notice

1) Who is responsible for your We process information and personal data relating to you and/or any Related personal data and whom Person of yours [Related Person(s) and you together hereafter the “Data can you contact? Subject(s)”]. We essentially do so in connection with our existing and/or prospective business relationships, including your use of our websites (together hereafter the “Business Relationship”). We can do so either as controller or as joint controller (hereafter the “Controller”).

A “Related Person” means an individual or entity whose information you or a third party provides to us and/or which otherwise comes to our knowledge in connection with our Business Relationship. A Related Person may include, but is not limited to: (i) a director, ocer or employee of a company; (ii) a trustee, se琀lor or protector of a trust; (iii) a nominee or bene昀cial owner of an account; (iv) a substantial interest owner in an account; (v) a controlling person; (vi) a payee of a designated payment; (vii) a representative or agent (i.e. with a power of a琀orney or a right to information on an account); or (viii) an employer or contractor. In this regard, we ask you to liaise with any and all of your Related Persons and transmit to them this Privacy Notice and the information contained therein.

Should you have any questions about this Privacy Notice, your Controller or, more generally, the processing of your (or your Related Persons’) personal data, you can contact your relationship manager or our Data Protection Ocer at any of the following addresses:

Data Protection Officer SWITZERLA Data Protection Officer BAHAM Route des Acacias 60 P.O. Box N-4837 1211 Geneva 73 Bayside Executive Park, Building No. 1 Swi琀erland West Bay Street and Blake Road, Nassau – Bahamas swi琀[email protected] [email protected]

Data Protection Officer EUROPE EXCL. SWITZERLAND) Data Protection Officer NORT AMERICA Avenue J.-F. Kennedy 15A 1000 de la Gauchetiere West, Suite 3100 L-1855 Luxembourg QC H3B 4W5 Luxembourg Canada [email protected] [email protected]

Data Protection Office ASIA Data Protection Officer PICTE ASSET MANAGEMENT (PAM) 10 Marina Boulevard #22-01 Route des Acacias 60 Marina Bay Financial Center – Tower 2 1211 Geneva 73 018983 Swi琀erland [email protected] [email protected]

adgdprinfen_v1.1a_14072020BP 69/7369/73 TAGD000TTT TAGO000TTT TAGA000TTT TAGB000TTT TAGRA01TTT 2) How do we handle We are subject to certain con昀dentiality and/or secrecy obligations, e.g. arising your personal data? under data protection, contract, professional or banking secrecy, as the case may be. Personal data we process are also subject to said obligations. This Privacy Notice deals with the way we process (i.e. collect, use, store, transmit or otherwise handle or process, operations collectively de昀ned hereafter as the “Processing” or “Processing Operations”) personal data. This Privacy Notice does not replace, and is subject, to our applicable contractual terms and conditions. We may conduct our Processing Operations either directly or indirectly, through other parties that process personal data on our behalf (hereafter the “Processors”). We are responsible only for the Processing of personal data as per this Privacy Notice.

3) What personal data “Personal data” include any information that makes it possible to identify a do we process? natural person directly (e.g. 昀rst name, surname) or indirectly (e.g. passport number or data combination). Personal data of Data Subjects we process may include: • identi昀cation data, e.g. names, addresses, telephone numbers, email addresses, business contact information; • personal characteristics, e.g. date of birth, country of birth; • professional information, e.g. employment and job history, title, professional skills, powers of a琀orney; • identi昀ers issued by public bodies, e.g. passport, identi昀cation card, tax identi昀cation number, national insurance number, social security number, work permit; • 昀nancial information, e.g. 昀nancial and credit history information, bank details, record from the debt collection enforcement oce; • transaction/investment data, e.g. current and past investments, investment pro昀le, investment preferences and invested amount, number and value of shares held, role in a transaction (seller/acquirer of shares), transaction details; • management and security data, e.g. records of presence on our premises, reputation checks and background checks; • cookie information, e.g. cookies and similar technologies on websites and in emails (please also see our Cookie Policy).

4) For what Purposes and on We collect and process personal data for the purposes (hereafter the “Purposes”) what legal bases do we process and based on the legal bases set out in this Privacy Notice. personal data? As a general comment, we essentially base our Processing on: (i) performance of a contract to which you are a party or a Related Person is related (as well as to take pre-contractual steps at your or a Related Person’s request); (ii) our duty to comply with a legal or regulatory obligation; (iii) the pursuit of our legitimate interest (including that of other Pictet Group entities); and (iv) performance of a task carried out in the public interest (e.g. to prevent or detect o昀ences). More speci昀cally, we collect and process personal data as necessary for performance of a contract to which you are a party and/or a Related Person is related, which encompasses the following Processing Operations (which may also be based on other lawful bases): • the opening and management of your and/or Related Person’s account or Business Relationship with us, including all related operations for your identi昀cation; • any other related services provided by any service provider of the Controller(s) and Processors in connection with our Business Relationship; • management, administration and distribution of investment funds, including any ancillary services related to these activities, or the processing of subscription, conversion and redemption requests in investment funds, as well as for maintaining the ongoing relationship with respect to holdings in such investment funds;

adgdprinfen_v1.1a_14072020BP 70/7370/73 • management of requests for proposals and/or due diligence, the provision of services (including the invoicing and payment of fees) and management of the Business Relationship and related communication with you.

We also collect and process personal data in connection with compliance with legal and regulatory obligations to which we are subject, including to: • provide o昀ering documentation to Data Subjects about products and services; • comply with legal obligations relating to accounting, compliance with legislation on markets in 昀nancial instruments, outsourcing, foreign activity and quali昀ed participation; • carry out any other form of cooperation with, or reporting to, competent administrations, supervising authorities, law enforcement authorities and other public authorities [e.g. in the 昀eld of anti-money laundering and combating terrorism 昀nancing (AML-CTF)], for prevention and detection of crime under tax law [e.g. reporting of name, address, date of birth, tax identi昀cation number (TIN), account number and account balance to tax authorities under the Common Reporting Standard (CRS) or Foreign Account Tax Compliance Act (FATCA) or other tax legislation to prevent tax evasion and fraud as applicable]; • prevent fraud, bribery, corruption and the provision of 昀nancial and other services to persons subject to economic or trade sanctions on an ongoing basis in accordance with our AML-CTF procedures, as well as to retain AML-CTF and other required records for screening purposes; • deal with active intra-group risk management pursuant to which risks in terms of markets, credit, default, processes, liquidity and image as well as operational and legal risks must be identi昀ed, limited and monitored; • record conversations with Data Subjects (such as telephone and electronic communications), in particular to document instructions or detect potential or actual frauds and other o昀ences.

The Processing Operations outlined above may rely on other lawful bases and potentially do substantially rely on the performance of a task carried out in the public interest.

Furthermore, we may process personal data in connection with legitimate interests we pursue in order to: • assess certain characteristics of the Data Subjects on the basis of personal data processed automatically (pro昀ling) (see also Section 5 below); • develop our Business Relationship with you; • improve our internal business organisation and operations, including for risk management; • use this information in Pictet Group entities for market studies or advertising purposes, unless Data Subjects have objected to use of their personal data for marketing; • assess our risk and take related business decisions with regard to risk management; • communicate personal data to other Pictet Group entities, in particular to guarantee an ecient and harmonised service and inform Data Subjects about services o昀ered by Pictet Group entities; • establish, exercise and/or defend actual or potential legal claims, investigations or similar proceedings; • record conversations with Data Subjects (such as telephone and electronic communications) to verify instructions, enforce or defend our interests or rights, assess, analyse and improve the quality of our services, train our employees and manage risks. • conduct audits and/or regularly reviews on you or your Related Person.

adgdprinfen_v1.1a_14072020BP 71/7371/73 To the extent one or more of our Processes of personal data presupposes that you give your prior consent thereto, we will contact you and seek your consent in due time. The provision of personal data may be mandatory, e.g. with regard to our compliance with legal and regulatory obligations to which we are subject. Please be aware that failing to provide such information may preclude us from pursuing a Business Relationship with, and/or from rendering our services to, you.

5) Do we rely on profiling o We may assess certain characteristics of the Data Subjects on the basis of personal automated decision-making? data processed automatically (pro昀ling) in particular to provide Data Subjects with personalised o昀ers and advice or information on our products and services or those of our aliates and business partners. We may also use technologies that allow us to identify the level of risks linked to a Data Subject or to activity on an account. Furthermore, we generally do not use automated decision-making in connection with our Business Relationship and/or Data Subjects. Should we do so, we will comply with applicable legal and regulatory requirements.

6) What sources do we use to To achieve the Purposes, we collect or receive personal data: collect your personal data? • directly from the Data Subjects, e.g. when contacting us or through (pre ) contractual documentation sent directly to us; and/or • indirectly from other external sources, including any publicly available sources [e.g. UN or EU sanctions lists, OFAC – Specially Designated Nationals (SND) lists], information available through subscription services (e.g. Bloomberg, World Compliance PEP list) or information provided by other third parties.

7) Do we share your personal If necessary or useful to achieve the Purposes, we reserve the right to disclose data with third parties? or make accessible the personal data to the following recipients, provided this is legally or otherwise authorised or required: • public/governmental administrations, courts, competent authorities (e.g. 昀nancial supervisory authorities) or 昀nancial market actors (e.g. third-party or central depositaries, brokers, exchanges and registers); • Pictet Group entities or third-party Processors that process personal data on our behalf and/or to which we outsource certain tasks of ours (outsourcing); • auditors or legal advisors. We undertake not to transfer personal data to any third parties other than those listed above, except as disclosed to Data Subjects from time to time or if required by applicable laws and regulations applicable to them or by any order from a court, governmental, supervisory or regulatory body, including tax authorities.

8) Are personal data transferred In the course of our Business Relationship, we may disclose, transfer and/or outside our jurisdiction of store personal data abroad (hereafter “International Transfer”): (i) in connection incorporation? with the conclusion or performance of contracts directly or indirectly related to our Business Relationship, e.g. a contract with you or with third parties in your interest; (ii) when the communication is necessary to safeguard an overriding public interest; or (iii) in exceptional cases duly foreseen by applicable laws (e.g. disclosures of certain trades made on an exchange to international trade registers). International Transfers may include the transfer to jurisdictions that: (i) ensure an adequate level of data protection for the rights and freedoms of Data Subjects as regards to Processing; (ii) bene昀t from adequacy decisions as regards their level of data protection (e.g. adequacy decisions from the European Commission or the Swiss Federal Data Protection and Information Commissioner); or (iii) do not bene昀t from such adequacy decisions and do not o昀er an adequate level of data protection. In the la琀er case, we will ensure that appropriate safeguards are provided, e.g. by using standard contractual data protection clauses established by the European Commission.

adgdprinfen_v1.1a_14072020BP 72/7372/73 Should you wish to have further information as regards International Transfers or appropriate safeguards, you can of course contact our Data Protection Ocer (see Section 1 above).

9) What are your rights in You have the right, subject to applicable local data protection legislation, to: connection with data • request access to, and receive a copy of, the personal data we hold; protection? • if appropriate, request recti昀cation or erasure of the personal data that are inaccurate; • request that personal data be erased when the Processing is no longer necessary for the Purposes, or is not or no longer lawful for other reasons, subject however to applicable retention periods (see Section 10 below); • request a restriction of Processing of personal data where the accuracy of the personal data is contested, the Processing is unlawful, or if the Data Subjects have objected to the Processing; • object to the Processing of personal data, in which case we will no longer process the personal data unless we have compelling legitimate grounds to do so (e.g. the establishment, exercise or defence of legal claims); • receive the personal data in structured, commonly used and machine-readable format (data portability right); • obtain a copy of, or access to, the appropriate or suitable safeguards which we may have implemented for transferring the personal data outside the European Union or Swi琀erland; • complain to our Data Protection Ocer (see Section 1 above) in relation to the Processing of personal data and, failing any satisfactory resolution of the ma琀er, 昀le a complaint in relation to the Processing of personal data with the relevant data protection supervisory authority. Even if a Data Subject objects to the Processing of personal data, we are nevertheless allowed to continue the same if the Processing is: (i) legally mandatory; (ii) necessary for performance of a contract to which the Data Subject is a party; (iii) necessary for performance of a task carried out in the public interest; or (iv) necessary for the purposes of the legitimate interests we pursue, including the establishment, exercise or defence of legal claims. We will not, however, use the Data Subject’s personal data for direct marketing purposes if the Data Subject asks us not to do so. Subject to the limitations set forth in this Privacy Notice and/or in applicable local data protection laws, you can exercise the above rights free of charge by contacting our Data Protection Ocer.

10) How long are your personal As a ma琀er of principle, we retain personal data for as long as we need the data kept or stored? same to achieve the Purposes. By the same token, we will delete or anonymise personal data (or equivalent) once they are no longer necessary to achieve the Purposes, subject however: (i) to any applicable legal or regulatory requirements to store personal data for a longer period; or (ii) to establishing, exercising and/or defending actual or potential legal claims, investigations or similar proceedings, including legal holds, which we may enforce to preserve relevant information.

Status as of June 2020

adgdprinfen_v1.1a_14072020BP 73/7373/73