• These General Terms and Conditions apply to every contract for services (assignment) or legal relationship between the public limited company BANNING N.V. (“BANNING”) and the Client.
• BANNING alone is the contractor for the Client, even if it is the express or implied intention that an assignment will be carried out by a specific person. The applicability of Article 7:404 of the Dutch Civil Code, which provides for the latter case, and the applicability of Article 7:407(2) of the Dutch Civil Code, which establishes joint and several liability for cases in which an assignment has been given to two or more persons, is excluded. Any liability of persons or legal entities affiliated with BANNING is excluded.
• In the case of a distance or off-premises agreement (Article 6:230o of the Dutch Civil Code), the client, provided he/she is a consumer, may cancel the assignment within fourteen days without cause. In the event of cancellation, the fee for the services already performed will be charged to the client insofar as the client instructed BANNING to commence this work within the fourteen-day period.
• Third parties cannot derive any rights from the services performed in the context of the execution of an assignment and the results thereof. The Client indemnifies BANNING against all claims from third parties that are in any way related to or arise from the Client's assignment and/or the services performed for the Client.
• Pursuant to, among others, the Anti-Money Laundering and Anti-Terrorist Financing Act (WWFT), BANNING is obliged to verify the identity of the Client and to report certain unusual transactions to the authorities. The Client is aware of this obligation and gives its consent to this, insofar as necessary.
• In carrying out an assignment, BANNING may involve one or more persons who are not directly or indirectly affiliated with BANNING. If the execution of an assignment entails that one or more persons who are not affiliated with BANNING are engaged to perform services within the scope of the assignment, BANNING will not be liable for any errors or shortcomings on the part of this person or persons. BANNING excludes any liability resulting from or in any way related to the insolvency of any bank, any other financial institution or any other third party.
• The Client shall, at BANNING's first request, provide security to BANNING's satisfaction for the fulfilment of the Client's obligations towards BANNING.
• If, in the performance of an assignment for the Client, an unforeseen event (including an omission) occurs that leads to liability, that liability will be limited to the amount paid out in the relevant case under the professional liability insurance taken out by BANNING, including the excess borne by BANNING in connection with that insurance (this professional liability insurance has been taken out through AON in Amsterdam). If and insofar as the professional liability insurance does not provide any entitlement to compensation for damage resulting from that liability, any liability on the part of BANNING shall be limited to an amount of €15,000 or, if the total fee charged by BANNING in the case in question is higher, to that amount with a maximum of €225,000.
• It is possible that persons engaged in connection with the performance of services for a Client may wish to limit their liability in connection therewith. BANNING assumes, and stipulates if necessary, that all assignments given to it by the Client include the authority to accept such a limitation of liability on behalf of that Client.
• All (extra)contractual claims against BANNING in connection with the performance of the services carried out or commissioned by BANNING (including claims for compensation for damage) shall lapse one year after the date on which the Client became aware or could reasonably have become aware of the existence of these claims or the damage and BANNING's possible liability for it. In all cases, these claims shall lapse two years after the respective services have been performed by or on behalf of BANNING.
• These General Terms and Conditions may also be invoked by natural persons and legal entities who are directly or indirectly involved in any way in the services provided by or on behalf of BANNING.
• The applicability of general terms and conditions referred to by the Client is expressly excluded.
• These General Terms and Conditions also apply to any additional or follow-up services. The legal relationship between the Client and BANNING is governed by Dutch law. Disputes will be settled exclusively by the competent court in 's-Hertogenbosch. If the Client is a natural person who is not acting in the course of a profession or business, BANNING will give the Client a period of one month after BANNING has invoked this choice of forum in writing to the Client to choose, within this period, to have the dispute between BANNING and the Client settled by the court competent according to the law.
• These General Terms and Conditions have beendrawn up in Dutch and English. In the event of any discrepancy between theEnglish and Dutch texts, the Dutch text shall prevail.
  
  
  

BANNING N.V. is located in 's-Hertogenbosch and registered in the trade register of the Dutch Chamber of Commerce under number 17190777.

These general terms and conditions were filed with the registry of the District Cour tof East Brabant on 9 February 2026 under number 6/2026.