TERMS AND CONDITIONS

1. GLICO Capital will manage the funds within the agreed mandate after establishing the client's investment objectives and risk profile and as such will make specific investment decisions without discussing these with the client at a fee.

2. Redemption of funds do not attract any charge and payment will be made within a maximum of 3 working days.

3. Redemption notice must be signed and issued at least three (3) working days before funds are paid to the investor.

4. Payments/Withdrawals: Redemptions can only be made into an account provided during onboarding or cheque issued in the name of the client. No third-party transfers or cheque payments will be made except where client has expressly instructed the Manager to do so.

5. An investment with a fund manager is not the same as a deposit with a banking institution. The value of your investment may go down as well as up and past performance is not necessarily a guide to future performance. Hence investments returns are not fixed.

DATA PROTECTION

You consent to us collecting your Personal Information from you and where lawful and reasonable, from public sources for credit, fraud and compliance purposes, as well as the purposes set out below. If you give us Personal Information about or on behalf of another person (including, but not limited to, account signatories, shareholders, principal executive officers, trustees and beneficiaries), you confirm that you are authorised to: (a) give us the Personal Information; (b) consent on their behalf to the Processing of their Personal Information, specifically any cross-border transfer of Personal Information into and outside the country where the products or services are provided; and (c) receive any privacy notices on their behalf. You consent to us processing your Personal Information:

to provide products and services to you in terms of this agreement and any other products and services for which you may apply;

to carry out statistical and other analyses to identify potential markets and trends, evaluate and improve our business (this includes improving existing and developing new products and services);

In other countries where the products or services are provided. These countries may not have the same data protection laws as the country where the products or services are provided. Where we can, we will ask the receiving party to agree to our privacy policies;

By sharing your Personal Information with our third-party service providers, locally and

outside the country where the products or services are provided. We ask people who provide services to us to agree to our privacy policies if they need access to any Personal Information to carry out their services; and within the Group.

SANCTION CLAUSE

We can close your account should your name appear on the sanction list. For the purpose of this agreement: ”Sanction List” shall mean the specially designated nationals and blocked persons list of the Office of Foreign Asset Control(OFAC) of the department of treasury of the United States of America and/or the United Nations Security Council list of persons or entities suspected to be involved in terrorist related activities or the funding thereof and/or any other list of Her Majesty's Treasury of the united Kingdom and/or the European Union's Common Foreign and Security Policy and/or the French Ministry of Economy, Finance and Industry (MINEFI) as may be amended from time to time. We can also close your account and terminate all contracts if we identify activities to sanctioned individuals and/or entities. You will indemnify us for any losses that may occur as a result of blocked and/or seized funds.