LV Advisory is part of the group of financial service companies (the “LV Group”) that are subsidiaries of LarraínVial Company (the “Company”), which was founded in 1934. LV Advisory is the sponsor of a wrap fee program (the “Program”). Larraín Vial S.A. Corredora de Bolsa (the “LV Broker-Dealer”), a member of the LV Group, will perform an analysis of its clients’ financial profiles, life objectives, investment horizons and risk tolerance, and, based on the recommended portfolio, may recommend that certain of its clients become clients of LV Advisory and use a portion of their assets to participate in the Program. In the Program, LV Advisory will act as a non- discretionary investment adviser to its clients. Based on a suitability analysis of a client’s goals, assets and future needs, LV Advisory may refer the client to one or more unaffiliated U.S. registered investment advisers (each, a “U.S. Portfolio Manager”) for the purpose of investing in U.S. and non-U.S. publicly traded equity and debt securities. If LV Advisory refers a client to a U.S. Portfolio Manager, and the client decides to open an advisory account with the U.S. Portfolio Manager, the U.S. Portfolio Manager will open a non- discretionary advisory account for the client (although it is anticipated that the U.S. Portfolio Manager will retain discretion to select the broker-dealer(s) to be used for any securities transactions). If a U.S. Portfolio Manager recommends that a client buy or sell securities, the U.S. Portfolio Manager will communicate that advice (the “U.S. Advice”) to LV Advisory, and a strategy unit of the LV Broker-Dealer (“LV Estrategia”) will review and evaluate the U.S. Advice (based on that client’s financial profile, life objectives, investment horizon and risk tolerance). LV Advisory will then communicate LV Estrategia’s recommendation to the client. If the client accepts the U.S. Advice, the client will indicate the same (specifying the parameters of the price (e.g., limit or market orders) at which the transaction should be executed) by either it or LV Advisory (using a power of attorney granted to it by the client) communicating that order to the U.S. Portfolio Manager through LV Broker-Dealer, LV Advisory’s affiliated

broker-dealer1. The U.S. Portfolio Manager will then, taking into account its investment advisory best execution obligations, select a broker dealer to execute the transaction (which may or may not be an affiliate of the U.S. Portfolio Manager). LV Advisory anticipates that it will be compensated for the Program with a referral fee paid to it by the U.S. Portfolio Manager (which will be a portion of the fees that the U.S. Portfolio Manager charges to the clients referred to it under the Program). Fees charged by LV Advisory are negotiable (as between LV Advisory and the U.S. Portfolio Manager). It is not anticipated that (i) clients participating in the Program would pay any greater compensation to the U.S. Portfolio Manager than they would if they became clients of the U.S. Portfolio Manager independently of the Program, or (ii) the U.S. Portfolio Manager will be an affiliate of LV Advisory. Clients should note that the Program may cost clients more or less than purchasing the services separately. However, it is not anticipated that the cost of the Program will vary based on the cost of the services if provided separately, or the trading activity in a client’s account. Affiliates of LV Advisory may recommend the Program to certain of their clients, and LV Advisory will receive fees under the Program (as described above). The amount of the fee may be more than what an affiliate would receive (through its common ownership with LV Advisory) if a client paid separately for investment advice, brokerage and other services. LV Advisory’s affiliate may, therefore, have a financial incentive to recommend the Program over other programs or services. 1 Circular 1046 of December 12, 1991 issued by the Comisión para el Mercado Financiero (the Chilean securities market regulator or “CMF”) authorizes Chilean broker-dealers to perform advisory activities complementary of their brokerage activities in connection with foreign securities on behalf of their clients, subject to the Chilean broker dealer executing the related orders and that the issuers of the relevant securities are regulated by an agency of similar jurisdiction to the CMF.