CLSA ASIA-PACIFICCROSS-BORDER SERVICES ANNEX(SINGAPORE)
1.

Application
This Cross-Border Services Annex applies if you have opened an account with
CLSA Global Markets Pte. Ltd. (UEN 200912282N) (“CGM”) or CLSA
Singapore Pte. Ltd. (UEN 198703750W) (“CLSS”) and are serviced by any
CLSA entity other than CGM or CLSS, being a Service Centre (defined below).
The terms and conditions set out in this Annex are supplemental to, theterms and conditions set out in the Terms of Business and in any applicableAnnex(es). Accordingly, the terms and conditions in this Annex are legallybinding and take effect when you signify your acceptance by placing an orderfor Securities with us following your receipt of our Terms of Business, thisAnnex and any relevant Market Annex(es).

2.

Definitions and Interpretation

2.1

In this Cross-Border Services Annex, capitalized terms have the meaning
given to them in the “CLSA Asia-Pacific Terms of Business”, as the same may
be amended, modified or replaced from time to time (the “Terms ofBusiness”).

2.2This Cross-Border Services Annex is referred to herein as “this Annex” andshould be read together with and in conjunction with the Terms of Business.

2.3

References in this Annex to “we”, “us” and “our” mean, unless the context
otherwise requires, CLSS or CGM (each as defined below) and where thecontext requires will also include any company in the CLSA Group, which arelicensed brokers.

3.

Notification

3.1

If you have opened an account with CGM or CLSS you may, among others,
be in contact with, receive information on Investments, and/or place orders
with a CLSA entity other than CGM or CLSS which has been designated byCGM or CLSS as a service centre from time to time (each, a “ServiceCentre”). In these circumstances, each Service Centre acts as independent
agent of CGM or CLSS.

3.2

The Service Centres as at the date of this Annex for CGM are CLSA Limited,
CLSA Securities Korea Limited, CLSA India Private Limited, CLSA Securities
Japan Co., Ltd., CLSA Americas, LLC, CLSA Europe BV, CLSA (UK), and for
CLSS are CLSA Limited, CLSA Securities Korea Limited, CLSA India PrivateLimited, CLSA Securities (Thailand) Limited, CLSA Securities Malaysia Sdn
Bhd, CLSA Philippines, Inc, PT CLSA Sekuritas Indonesia, CLSA Australia Pty
Ltd, CLSA Securities Japan Co., Ltd., CLSA Americas, LLC, CLSA Europe BV,CLSA (UK).

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3.3

The representatives of a Service Centre (a) act on behalf of that Service
Centre in that Service Centre’s provision of services as independent agent of
CLSS or CGM, and (b) are not representatives of CLSS or CGM. The
representatives of each Service Centre are not subject to regulation of theMonetary Authority of Singapore. CLSS and CGM do not oversee and are notresponsible for the conduct of such representatives. Each Service Centre is
responsible for the conduct of activities of their representatives in theirdealings with you. Accordingly, while the Terms are entered into with CLSSor CGM, you will not have any recourse against either of CLSS or CGM foracts or omissions of the representatives of any Service Centre, and any
recourse would be against the relevant Service Centre. Each of the Service
Centres and their respective representatives are regulated in their respective
jurisdictions.

3.4

For any queries on your Account and/or any Services, please contact yourtrading account manager.

4.

Liability and Indemnity

4.1

Notwithstanding any provision in, and without prejudice to any otherprovision of, the Terms of Business, none of CLSS, CGM, the Service Centres,
nor their respective directors, officers or employees will be liable for any
direct or indirect losses, damages, costs or expenses incurred or suffered by
you under or in connection with the Terms of Business whatsoever (including
any transaction or where we have declined to enter into a proposedtransaction or by reason of any delay or change in market conditions before
a transaction is effected) unless arising directly from our or their respective
gross negligence or fraud. In no circumstances will we have any liability forconsequential or special damage.

5.

Rights of Third Parties

5.1

For the avoidance of doubt, any Service Centre (as an agent of CLSS andCGM and also a member of the CLSA Group) which is not a party to theTerms of Business may, in its own right, enforce a term of the Terms ofBusiness if the term purports to confer a benefit on an agent or a memberof the CLSA Group. Consent of the Service Centre is not required for thetermination or amendment to the Terms.

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