CAREY COMMERCIAL LIMITED AND CAREY TRUSTEES LIMITED TERMS AND CONDITIONS ([March 2020] Edion) 1 TABLE OF CONTENTS 1. INTRODUCTION ................................................................................................................................... 4 2. DEFINITIONS AND INTERPRETATION ................................................................................................... 4 3. ADMINISTERED ENTITIES AND ISSUERS ............................................................................................... 11 4. DUTIES OF THE ADMINISTERED ENTITIES AND ISSUERS...................................................................... 12 5. ACKNOWLEDGEMENTS OF THE ADMINISTERED ENTITIES AND ISSUERS ............................................ 14 6. REPRESENTATIONS AND WARRANTIES ............................................................................................... 1 6 7. EXPENSES ............................................................................................................................................. 17 8. INVOICING AND PAYMENT .................................................................................................................. 18 9. LIEN ...................................................................................................................................................... 19 10. SERVICES OF THE ADMINISTRATOR OR THE LISTING SPONSOR NOT TO BE EXCLUSIVE ..................... 19 11. NO CONFLICT OR ACCOUNTING FOR PROFIT ...................................................................................... 19 13. RESPONSIBILITY AND LIABILITY OF THE ADMINISTRATOR OR THE LISTING SPONSOR ........................ 21 14. INSURANCE .......................................................................................................................................... 23 15. LEGAL ACTION BY THE ADMINISTRATOR OR THE LISTING SPONSOR .................................................. 23 16. TRANSFERS AND TRANSMISSIONS ....................................................................................................... 24 17. FAILURE TO MAKE PAYMENTS OR PROVIDE COMMUNICATIONS ....................................................... 24 18. TERMINATION AND RESIGNATION ...................................................................................................... 24 19. FORCE MAJEURE .................................................................................................................................. 27 20. CONFIDENTIALITY AND REPUTATION .................................................................................................. 27 21. MISCELLANEOUS PROVISIONS ............................................................................................................. 28 22. DATA PROTECTION .............................................................................................................................. 29 23. DATA INCIDENT AND BREACH NOTIFICATION ..................................................................................... 32 24. APPROVED DATA SUB-PROCESSORS ................................................................................................... 33 25. DATA SUBJECT ACCESS RIGHTS ........................................................................................................... 34 26. DELETION OR RETURN OF PERSONAL DATA........................................................................................ 34 27. COMPLAINTS ....................................................................................................................................... 34 28. DOCUMENT RETENTION ...................................................................................................................... 35 29. TELEPHONE RECORDING ..................................................................................................................... 35 30. VARIATION ........................................................................................................................................... 35 31. ASSIGNMENT AND DELEGATION ......................................................................................................... 35 32. LAW OF THE CONTRACT AND JURISDICTION ....................................................................................... 36 1. INTRODUCTION 1.1 These are the "Terms and Condions" as defined in your Administraon Agreement, Sponsorship Agreement or PTC Services Agreement, as applicable (each as defined below) with the Administrator or Lisng Sponsor, as applicable (each as defined below). 1.2 As provided in your Administraon Agreement, Sponsorship Agreement or PTC Services Agreement, as applicable, these Terms and Condions together with your Administraon Agreement, Sponsorship Agreement or PTC Services Agreement (as applicable) constute your agreement with the Administrator or the Lisng Sponsor (as applicable) for the provision of the Services (as defined below). 2. DEFINITIONS AND INTERPRETATION 2.1 In these Terms and Condions the following words and phrases shall, unless the context indicates otherwise, have the meanings set against them: "Administered Enes" means (i) in relaon to the Administraon Agreement, the Client together with any limited partnership in respect of which the Client as general partner appoints the Administrator to provide the Services (if applicable); and (ii) in relaon to the PTC Services Agreement, means the PTC (as defined in the PTC Services Agreement) as well as any enty owning the PTC and any enty (if any) idenfied in Schedule 1 to the PTC Services Agreement as well as each Addional Enty (as defined in the PTC Services Agreement), and each shall be an "Administered Enty"; "Administraon Agreement" means the relevant Administraon Agreement between the Client and the Administrator, if applicable; "Administrator" means Carey Commercial Limited or Carey Trustees Limited, as specified in the Administraon Agreement or PTC Services Agreement, as applicable; "Affiliate" means any enty that owns or controls, is owned or controlled by or is under common control or ownership with the Administrator or the Lisng Sponsor (as applicable), where control is defined as the possession, directly or indirectly, of the power to direct or cause the direcon of the management and policies of an enty, whether through ownership of vong securies, by contract or otherwise; "Agreement" means the Administraon Agreement, the PTC Services Agreement or the Sponsorship Agreement (as applicable) and these Terms and Condions each as amended from me to me in accordance with its terms; "Amendment Noce" means a noce in wring sent by the Administrator or the Lisng Sponsor (as applicable) to the Client or the Issuer (as applicable) seng out revisions to the Services and/or the Fees applicable to or in respect of the relevant Administered Enty or the Issuer (as applicable) substanally in the form set out in Schedule 2 of the Administraon Agreement, Schedule 3 of the PTC Services Agreement or Schedule 1 of the Sponsorship Agreement (as 4 applicable); "Applicable Law" means any or all of the following (as applicable): (a) in relaon to a company incorporated in Guernsey, the Companies Law; (b) in relaon to a company incorporated in a jurisdicon other than Guernsey, the applicable company law of that other jurisdicon; (c) in relaon to a limited partnership registered in Guernsey, the LP Law; (d) in relaon to a limited partnership registered in a jurisdicon other than Guernsey, the applicable limited partnership law of that other jurisdicon; (e) in relaon to a foundaon the proper law of which is the law of Guernsey, the Foundaon Law; (f) in relaon to a foundaon the proper law of which is the law of a jurisdicon other than Guernsey, the applicable foundaon law of that other jurisdicon; (g) in relaon to a trust, the proper law of which is the law of Guernsey, the Trust Law; (h) in relaon to a trust the proper law of which is the law of a jurisdicon other than Guernsey, the applicable trust law of that other jurisdicon; (i) in relaon to any person of any other nature, the governing law applicable to enes of that nature in the jurisdicon in queson; (j) the POI Law; (k) the Money Laundering Regulaons; (l) the relevant legislaon, rules, regulaons, or codes of pracce including all statements of principal, guidance, noces and other releases (of a formal or binding nature) made by any relevant regulatory authority as they apply in the context of the person concerned; and (m) the Handbook on Countering Financial Crime and Terrorist Financing and all relevant legislaon, rules or regulaons in respect thereof; "Approved Sub-Processor" means any third party, joint venture or Affiliate to which the Administrator or the Lisng Sponsor (as applicable) has delegated or wishes to delegate the processing of Personal Data to the extent that they meet the condions set out in clause 24; 5 "Associated Enty" means (as applicable): (a) in relaon to a company, any subsidiary or holding company of that company, and any subsidiary of such holding company and for these purposes the terms "subsidiary" and "holding company" shall have the same meaning as in secon 531 of the Companies Law except that for the purposes of the Agreement such definions shall include overseas companies; or (b) in relaon to any other enty, any person controlling the enty, any person directly or indirectly controlled by the enty or any person under the same control as the enty; "Authorised Jurisdicon" means: (a) the United Kingdom; (b) any territory within the