CLSA ASIA-PACIFICCUSTODY SERVICES:THAILAND MARKET ANNEX
1.

Definitions and Interpretation

1.1

In this Custody Services: Thailand Market Annex, capitalised terms havethe meaning given to them in the “CLSA Asia-Pacific Terms of Business”(the “Terms of Business”) and the Custody Services Annex.

1.2This Custody Services: Thailand Market Annex is referred to herein as “thisAnnex”.

1.3

References in this Annex to “we”, “us” and “our” mean, unless the context
otherwise requires, CLSA and where the context requires will also include
any company in the CLSA Group, or persons connected with the CLSA
Group.

2.

Effect of Terms of Business; Amendment

2.1

This Annex shall apply to you if (a) you requested in your Application Formthat we provide you with Custody Services in respect of the Thailand
Market; or (b) we currently provide you with Custody Services in respect ofthe Thailand Market.

2.2

The terms and conditions set out in this Annex shall apply to all Custody
Services in the Thailand Market provided by us to you in addition to, andsupplemental to, the terms and conditions set out in the Terms of Businessand in the Securities Dealing Services Annex. Accordingly, the terms andconditions in this Annex are legally binding and take effect when you
signify your acceptance by placing an order for Securities in the Thailand
Market with us following your receipt of our Terms of Business, theSecurities Dealing Services Annex and this Annex.

3.

Compensation
We have explained to you, and you understand and agree, thatyour right to compensation under The Securities and Exchange ActB.E. 2535, any relevant SEC Notification issued pursuant to The
Securities and Exchange Act B.E. 2535 will be restricted to theextent provided for therein. There can be no guarantee that yourloss may be recouped from such fund in full or in part.

4.

Liability

4.1

Clauses 22.1 and 22.3 of the Terms of Business and Clauses 13.1 and 13.2of the Custody Services Annex shall not apply in relation to any Custody
Services in the Thailand Market. Clauses 4.2 and 4.3 of this Annex shallapply in relation to any Custody Services in the Thailand Market.

4.2

Neither we nor any member of the CLSA Group nor our directors, officers,employees or agents will be liable for any direct or indirect losses,
1

Thai Custody Annex Jul 2016 v2

Client’s Signature_________________

damages, costs or expenses incurred or suffered by you under our Termsof Business whatsoever (including any transaction or where we havedeclined to enter into a proposed transaction or by reason of any delay orchange in market conditions before a transaction is effected) unless arising
directly from our or their respective fault, omission or negligence. In nocircumstances will we have any liability for consequential or special
damage.
4.3

Neither we nor any of member of the CLSA Group nor our directors,
officers, employees or agents will be liable for delays, errors, interruptions
or failures in any communication or correspondence (including without
limitation, the delivery of confirmations or transmission of orders) or for
any other matters in relation to a transaction due to the breakdown,
unavailability, interruption, error or failure of telephone, facsimile, or otherelectronic communication lines or electronic system or othercommunication facilities or equipment howsoever caused unless arising
directly from our or their respective fault, omission or negligence.

5.

Holding of Securities

5.1

Clause 7.1 of the Custody Services Annex shall not apply in relation to any
Custody Services in the Thailand Market. Clauses 5.2 and 5.3 of thisAnnex shall apply in relation to any Custody Services in the ThailandMarket.

5.2

To facilitate negotiations, the sale and collection of dividends, interest or
any other moneys for any other cause whatsoever, any Securities,
documents or personal property may be lodged by the Custodian, by wayof agency agreement without a power to appoint a sub-agent, with any
Commercial Bank, Credit Company, Security Company, Central Depository
or other Financial Institution established by specific legislation.

5.3

The Custodian must not lodge any items listed in Clause 5.2 with a
Financial Institution which is directly or indirectly related to the Custodian
as a parent company, subsidiary or affiliate.

5.4

The Custodian will ensure that your property is kept segregated inaccordance with the rules of the Securities and Exchange Commission ofThailand.

5.5

You acknowledge and understand that the Custodian may charge a fee forproviding the Custodian Services in accordance with the method set out inClause 11.2 of the Terms of Business.

5.6

You acknowledge and understand that the method for how the Custody
Services will work is set out in the Custody Services Annex and the Termsof Business and in particular that the method for the deposit andwithdrawal of your property with the Custodian is set out in Clause 9 of theCustody Services Annex.

2Thai Custody Annex Jul 2016 v2

Client’s Signature_________________