NOTICE

RETIREMENT I FAR PER

P L A N D ’ S A V I N G A N D R E T I R E M E N T

January 2026

---

1. This box aims to draw the member's attention to certain essential provisions of the notice. It is important for the member to read the entire notice and ask any questions they deem necessary before signing the membership form.

   1. The FAR PER contract is an individual retirement savings plan that leads to the opening of a group life insurance contract with optional membership, the execution of which is linked to the cessation of professional activity. The rights and obligations of the member may be modified by amendments to the contract, concluded between the AGIPI association and the AXA France Vie S.A. and AXA Assurance Vie Mutuelle insurance companies. The member is informed in advance of these modifications.

   2. The guarantees offered, including non-optional complementary guarantees, are as follows:

      • In the event of the insured's survival at the retirement liquidation date in a mandatory scheme or at the legal retirement age, a life annuity may be paid, potentially reversible, expressed in euros or in Agipi Inflation Bonds units, and/or a capital sum released in a single payment or in installments (Article 35).
      • In the event of the insured's death, the designated beneficiary(ies) will receive a life annuity or a capital sum (Article 43), depending on the beneficiary's choice. In the case of ESG thematic management or management agreements, membership benefits from an AGIPI floor guarantee (Article 43).
      • In the case of legal maternity leave, the female member engaged in self-employment benefits from a guarantee of exemption from contributions during the legal maternity leave (Article 42).

   During the accumulation of retirement savings, these guarantees may be expressed in commitments leading to the establishment of a diversification provision and/or in units of account. During the annuity phase, these guarantees may be denominated in euros and/or in units of account. For rights expressed in euros, the contract does not include a capital guarantee equal to the net amounts paid after fees. For commitments leading to the establishment of a diversification provision, the contract includes a capital guarantee equal to 100% of the net amounts paid after fees and net of contributions to complementary guarantees at the end of the guarantee period. The amounts paid, net of fees and net of contributions to complementary guarantees, for commitments leading to the establishment of a diversification provision are subject to fluctuations up or down depending on the evolution of financial markets. If a guarantee is offered, this guarantee is at the end of the commitment. The contract may provide that this guarantee is only partial. For rights expressed in units of account, the amounts invested in units of account are not guaranteed but are subject to fluctuations up or down depending in particular on the evolution of financial markets.

   3. For the Agipi FUND, the FAR PER contract includes a contractual profit-sharing rate of 100%, determined under the conditions defined in Article 38. For the Agipi Euro Growth FUND, the FAR PER contract includes a contractual participation in technical and financial results at a rate of 100% determined under the conditions defined in Article 28.

   4. The contract includes a transfer option described in Article 40. The amounts are paid by the insurer within 2 months.

   5. The contract provides for the following fees:

      • Entry and contribution fees:
        • Contribution fees: 3.5% maximum.
      • Fees during the life of the contract:
        • On the Agipi FUND:
          • Management fees: maximum annual rate of 0.75%.
        • On the Agipi Euro Growth FUND:
          • Management fees: maximum annual rate of 0.70%.
          • Financial performance fees: maximum annual rate of 10%.
        • On units of account:
          • Management fees excluding AXA Immo Avenir and excluding ESG thematic managed accounts: maximum annual rate of 0.96%.
          • Management fees on AXA Immo Avenir: maximum annual rate of 1.50%.
          • Management fees in ESG thematic managed accounts: maximum annual rate of 1.46%, including 0.50% for management mandate.
      • Exit fees:
        • Fees on arrears receipts:
          • Quarterly arrears: €5 per arrears.
          • Monthly arrears: €2 per arrears.
      • Other fees:
        • Membership fees to AGIPI: maximum €15 per year.
        • Transfer fees: maximum 1%.
        • Arbitration fees: maximum 0.80%.
        • Management change fees: maximum 0.80%.
        • Fees that may be borne by each unit of account: indicated in the annex “Presentation notices of the units of account of AGIPI contracts.”

   6. The recommended duration of the contract depends notably on the member's financial situation, attitude towards risk, applicable tax regime, and characteristics of the chosen contract. The member is invited to seek advice from their insurer.

   7. The member can designate the beneficiary(ies) in the membership form and subsequently by amendment to the membership. The designation of the beneficiary can be made notably by private deed or by authentic act, as described in Article 43.

---

Dear member,

You have chosen to join the FAR PER, the AGIPI Retirement Savings Plan. The FAR PER is a retirement plan developed by your association for its members, within the framework of the Pacte Law, and subscribed to with the AXA France Vie S.A. and AXA Assurances Vie Mutuelle insurance companies.

Flexible, the FAR PER Retirement Savings Plan adapts to your profile throughout your life, allowing you to prepare for your retirement serenely. Simple, it offers the possibility to group all your supplementary retirement products within a single contract. Attractive, it proposes new exit possibilities while presenting a favorable tax framework.

This notice contains the general conditions of your FAR PER membership. You will find complete information on your guarantees, the financial management modalities of the invested savings, as well as the formalities to be completed to obtain the payment of benefits.

Your advisor and the teams at your management center ADIS are at your disposal to provide you with any additional information and to offer you the highest quality follow-up and management of your membership.

Thank you for trusting AGIPI, the association of insured individuals for Retirement, Savings, Protection, and Health, and please believe, Dear member, in my devoted sentiments.

François PIERSON
President of AGIPI

---

Summary

Article	Title	Page
1	Preamble - stakeholders in the contract	4
2	Definitions	4
3	Nature and purpose of the contract	5
4	Tax regime applicable to the voluntary contributions compartment	5
5	Regime

Table of contents

1. Article 6 - Tax regime applicable to the wage savings compartment ................................................. 6
2. Article 7 - Tax regime applicable to the mandatory contributions compartment .................................... 7
3. Article 8 - Wealth Tax (IFI) ................................................................................................. 7
4. Article 9 - Tax regime applicable in case of death ................................................................................. 7
5. Article 10 - Effective date and duration of the contract concluded between AGIPI and AXA ............................................................ 8
6. Article 11 - Modifications of the contract concluded between AGIPI and AXA ....................................................................... 8
7. Article 12 - Membership in the contract ....................................................................................................................... 8
8. Article 13 - Obligations of AGIPI and ADIS ........................................................................................................ 9
9. Article 14 - Deadline and modalities for withdrawal .................................................................................................. 9
10. Article 15 - Limitation .................................................................................................................................... 9
11. Article 16 - Information regarding the use of personal data .................................................... 10
12. Article 17 - Information on sustainability .......................................................................................... 10
13. Article 18 - Complaints .................................................................................................................................. 12
14. Article 19 - Unclaimed contracts - Eckert Law .............................................................................................. 12
15. Article 20 - Organization of retirement ........................................................................................................... 13
16. Article 21 - ESG thematic managed accounts ................................................................................................. 13
17. Article 22 - Management agreements - Common modalities ........................................................................... 17
18. Article 23 - Thematic management agreements ............................................................................................ 18
19. Article 24 - Personalized management agreement ............................................................................................ 25
20. Article 25 - Free management .................................................................................................................................. 26
21. Article 26 - Change of management ............................................................................................................... 26
22. Article 27 - Financial and technical mutualization ........................................................................................... 28
23. Article 28 - Agipi Euro Growth FUND ..................................................................................................... 28
24. Article 29 - Participation in the technical and financial results of the Agipi Euro Growth FUND ............... 29
25. Article 30 - Investment supports in units of account ................................................................................. 30
26. Article 31 - Specific investment supports ................................................................................................. 32
27. Article 32 - Funding of the membership ........................................................................................................... 32
28. Article 33 - Annuity guarantee for each contribution ................................................................................... 33
29. Article 34 - Amount of the retirement account ..................................................................................................... 33
30. Article 35 - Terms of restitution .................................................................................................................. 33
31. Article 36 - Capital restitution .................................................................................................................. 33

Table of contents

• Article 37 Annuity restitution .................................................. 34
• Article 38 Agipi FUND ............................................................ 38
• Article 39 Early buyback .......................................................... 38
• Article 40 Terms of transfer of the retirement account ................. 39

Complementary guarantees

• Article 41 Guarantee of exemption from contributions ....................... 41
• Article 42 Guarantee of exemption from contributions during legal maternity leave .......... 42
• Article 43 Guarantee in case of death ........................................... 43
• Article 44 Guarantee of successful completion ................................ 44

Information and representation of members

• Article 45 Information of members ........................................ 44
• Article 46 Representation of members ................................... 45
• Article 47 Joint Management Committee ..................................... 45
• Article 48 Financial Management Committee ................................... 45
• Article 49 Rent Monitoring Committee ....................................... 45

Retirement coefficients

• Article 50 Conditions for converting the retirement account into a life annuity ........................................ 46
• Article 51 Agipi Euro Growth FUND: transfer value simulations ........................................ 47

Annex

• Convention for the use of digital services ..................... 50

---

Notice

General functioning of the contract

Article 1 Preamble - stakeholders in the contract

The General Interprofessional Association for Protection and Investment, known as AGIPI, whose registered office is located at 12 avenue Pierre Mendès France, CS 10144, 67312 SCHILTIGHEIM Cedex, aims to promote, within the framework of current legislative and regulatory provisions, any action and any reform capable of providing or improving the guarantee of its members against various social risks.

It is in this context that it has concluded group life insurance contracts, with optional membership, with the AXA Group insurance companies, which contribute to the realization of its social purpose.

The Associative Pension Fund for Retirement (FAR) was established in 1994 by AGIPI. In this context, AGIPI (“the subscriber”) has subscribed to life insurance contracts with AXA France Vie S.A. and AXA Assurance Vie Mutuelle, both having their registered office at 313 Terrasses de l’Arche, 92727 NANTERRE Cedex, hereinafter referred to as “the insurer”. This contract 13700 is intended for individuals wishing to build a personal retirement supplement within the framework of Law No. 2019-486 of May 22, 2019, relating to the growth and transformation of businesses, known as the “PACTE” law, and its implementing texts.

Among the two aforementioned insurance companies, the company bearing the insured risk is mentioned in the specific conditions of membership. However, for commitments leading to the establishment of a diversification provision (the Agipi Euro Growth FUND), AXA France Vie and AXA Assurances Vie Mutuelle act in co-insurance.

The operation of the FAR PER takes place within the contractual framework of a joint management system between representatives of AGIPI and those of the insurer.

This contract takes the form of an individual retirement savings plan, governed in particular by Articles L 224-1 and following, and R 224-1 and following of the Monetary and Financial Code, L 141-1 and following, L 132-1 and following, L 134-1 and following and L 321-1 of the Insurance Code corresponding to the categories of insurance operations defined by Articles L 321-1 and R 321-1 of the Insurance Code: branch 1 - accidents, branch 2 - illness, branch 20 - life-death, and branch 22 - insurance linked to investment funds.

This contract is reserved for AGIPI members. By joining, the member benefits from the representation of their interests by the AGIPI association in the drafting, monitoring of management, and evolution of the group insurance contracts subscribed by it. They may, at any time and individually, request the AGIPI association to intervene in a conciliation process, without prejudice to the procedures for handling complaints and mediation defined in Article 17.

The FAR PER is managed by ADIS (Associations Diffusion Services), a dedicated management center for AGIPI memberships by delegation from the insurer. ADIS is a public limited company located at 12 avenue Pierre Mendès France, CS 10144, 67312 SCHILTIGHEIM Cedex and is a 100% subsidiary of AXA France.

Any dispute relating to this contract falls under the sole jurisdiction of French courts.

In accordance with Article L 355-5 of the Insurance Code, insurance companies publish an annual report on their solvency and financial situation. In the event of a major event significantly affecting the relevance of the information contained in this report, insurance and reinsurance companies publish information regarding the nature and effects of this event.

linked by AXA France Vie and AXA Assurances Vie Mutuelle are available at the address:
https://www.axa.fr/configuration-securite/informations-financieres.html

Article 2 Definitions

Member
An adult individual, a member of the AGIPI association, who adheres to this contract. The member is necessarily the insured. The member is the holder of the individual retirement savings plan.

Membership
Membership is materialized by:

• the membership application,
• the specific conditions of membership,
• this notice provided for by Article L 141-4 of the Insurance Code,
• the amendments to the notice,
• the DIC (key information document) and DIS (synthetic information document) contained in the annex “presentation notices of the units of account of AGIPI contracts”,
• the statutes of the association.

Insured
An adult individual on whom the insured risk rests. The insured is necessarily the member.

Beneficiary(ies)
Person(s) designated to receive the guaranteed benefits in the event of death.

Beneficiary
Person designated to receive the guaranteed benefits in the event of survival. The insured is necessarily the beneficiary in the event of survival.

Document that formalizes the membership and complements this notice as well as the presentation notice of the units of account provided prior to its signature and in which are notably included the identity of the member, the insured, the beneficiary clause, the chosen guarantees, the amount of the first payment, the minimum transfer values at the end of the first eight years, as well as the choice regarding the envisaged liquidation age.

Membership application
Document that specifies the characteristics of the membership and complements this notice as well as the presentation notice of the units of account provided prior to the membership application.

Maturity
Date from which the member can request the restitution of their retirement account in annuity or capital form, namely the date on which the member has reached the age set in accordance with Article L 161-17-2 of the Social Security Code (legal retirement age), or if earlier, the date of liquidation of their retirement in a mandatory old-age insurance scheme. In any case, the maturity cannot occur before the member's 55th birthday.

Article 3 Nature and purpose of the contract

This contract takes the form of an individual retirement savings plan leading to the opening of a group life insurance contract with optional membership, the execution of which is linked to the cessation of professional activity. It includes guarantees in case of survival and guarantees in case of death, expressed in commitments leading to the establishment of a diversification provision and/or in terms of units of account.

The purpose of this contract is the acquisition and enjoyment of personal life rights and/or the payment of a capital sum, payable to the member from, at the earliest, the maturity.

During the life of the contract, the contributions made by the member feed their retirement account composed of three compartments (Articles 32 to 34). The net contributions are invested in the Agipi Euro Growth FUND (Articles 28 and 29) and/or in units of account (Articles 30 and 31), according to the member's choice (Articles 20 to 25).

The amounts invested and not yet restituted in the form of capital or annuity before age 75 benefit from the annuity guarantee for each contribution (Article 33).

From the maturity, the insured may request:

• before their 75th birthday, the conversion of all or part of their retirement account into a life annuity (Article 37),
• at any time, the restitution of all or part of their retirement account in the form of capital, in a single payment or in installments (Article 36), except for the compartment of mandatory contributions of the retirement account (Article 32), which must necessarily be converted into a life annuity before the member's 75th birthday.

If the member opts for a life annuity, they then choose (Article 37):

• the type of annuity: reversible or non-reversible,
• the investment support in which the capital constituting the annuity is managed: Agipi FUND and/or Agipi Inflation Bonds,
• the periodicity: monthly or quarterly,
• the options: guaranteed annuities, tiered annuities.

The life annuity then paid is revalorizable (Article 37). The member benefits from a guarantee in case of death during the accumulation phase, supplemented by a floor guarantee within the framework of ESG thematic managed accounts and management agreements (Article 43).

In the case of legal maternity leave, the female member engaged in self-employment benefits from a guarantee of exemption from contributions during the legal maternity leave (Article 42).

Optionally, the member may benefit from the following complementary guarantees:

• a guarantee of exemption from contributions (Article 41),
• a guarantee of successful completion (Article 44).

Membership does not include a buyback value. However, the member has the possibility, in certain personal situations provided for by the Monetary and Financial Code, to request the early buyback of their retirement account before maturity (Article 39). They may also transfer their membership to any other retirement savings plan (Article 40).

Finally, in the event of death, the amount of the retirement account is paid to the designated beneficiary(ies), in the form of capital or a life annuity, under the conditions described in Article 43. The death of the member results in the closure of the membership.

Article 4 Tax regime applicable to the voluntary contributions compartment

These provisions are those in force in metropolitan France and in the DOM as of October 1, 2025, and are subject to modification by legislation. Any modifications made by legislation will apply to ongoing memberships.

The commitments described in the notice are expressed before taking into account tax and social deductions.

A Tax deductibility at entry

The premiums paid, excluding those from transfers, are deductible, at the member's choice:

• from global net income, within the limits provided for in Article 163 quatervicies of the General Tax Code (Fillon tax framework),
• from taxable profit or professional income, within the limits provided for in Article 154 bis of the General Tax Code (Madelin tax framework exclusively for non-agricultural self-employed professions),
• from taxable profit or professional income, within the limits provided for in Article 154 bis 0-A of the General Tax Code (Madelin agricultural tax framework exclusively for agricultural self-employed professions).

The member also has the option to waive the benefit of the deductibility of contributions, in accordance with paragraph 2 of Article L 224-20 of the Monetary and Financial Code. This waiver is exercised no later than at the time of payment of the premiums and is irrevocable. Otherwise, the contributions are considered deductible.

Special conditions of membership

Coverage of contributions by a company
Contributions to the membership can be covered by the member's company in the case of a manager, or the company that employs them in the case of an employee. This does not affect the fact that the manager or employee is the only member of the contract and exercises solely the prerogatives that result from it.

For the member, these contributions constitute, for the years during which they are made, a taxable cash benefit in the category of wages and salaries. They entitle the member to a tax advantage in the form of a deduction, under the same conditions as if the member had contributed themselves.

They are subject to employer and employee contributions, as well as social contributions under common law conditions, and are deductible from their taxable income, just like salary, provided they correspond to actual work and are not excessive in relation to the services rendered.

From the latest on the day of suspension or termination of the employment contract, or from the day of the end of the member's social mandate in the company paying the premiums, as the case may be, the member agrees to interrupt the contributions set up by the company on the membership.

B Tax regime applicable in exceptional cases of early buyback

Retirement benefits paid in the form of capital under the faculties provided for in 1° to 5° of Article L 224-4 of the Monetary and Financial Code (life accidents) are exempt from income tax under the provisions of 4° bis a of Article 81 of the General Tax Code. Social deductions apply to the products.

1. Deducted voluntary contributions

When the voluntary contributions are deducted, retirement benefits paid in the form of capital under the faculties provided for in 6° and 7° of Article L 224-4 of the Monetary and Financial Code (acquisition of the principal residence and minority of the member) are taxed according to the modalities provided for in D.1 of this article. Social deductions apply to the products.

2. Non-deducted voluntary contributions

When the voluntary contributions are not deducted, retirement benefits paid in the form of capital under the faculties provided for in 6° and 7° of Article L 224-4 of the Monetary and Financial Code (acquisition of the principal residence and minority of the member) are taxed according to the modalities provided for in D.2 of this article. Social deductions apply to the products.

C Tax regime applicable in case of restitution in annuity at maturity

1. Deducted voluntary contributions

When the voluntary contributions are deducted, the annuity paid to the member at maturity is taxed under the regime of life annuities at no charge (5.a. and 6. of Article 158 of the General Tax Code) and is subject to social deductions under the regime of life annuities at a charge (6. of Article 158 of the General Tax Code).

2. Non-deducted voluntary contributions

When the voluntary contributions are not deducted, the annuity paid to the member at maturity is taxed under the regime of life annuities at a charge (6. of Article 158 of the General Tax Code) and is subject to social deductions under the regime of life annuities at a charge (6. of Article 158 of the General Tax Code).

D Tax regime applicable in case of restitution in capital at maturity

1. Deducted voluntary contributions

The capital paid to the member at maturity when the voluntary contributions are deducted is taxed as income tax for the portion corresponding to the amount of the contributions (5.b. quinquies 1° of Article 158 of the General Tax Code) and at the flat-rate withholding tax for the portion of the products related to the contributions (5.b. quinquies 2° of Article 158 of the General Tax Code). Social deductions apply to the products.

2. Non-deducted voluntary contributions

The capital paid to the member at maturity when the voluntary contributions are not deducted is exempt from income tax for the portion corresponding to the amount of the contributions (4° bis c. of Article 81 of the General Tax Code) and the portion of the products related to the contributions is taxed at the flat-rate withholding tax (4° bis of Article 81 of the General Tax Code). Social deductions apply to the products.

Article 5 Tax regime applicable to the wage savings compartment

These provisions are those in force in metropolitan France and in the DOM as of October 1, 2025, and are subject to modification by legislation. Any modifications made by legislation will apply to ongoing memberships.

The commitments described in the notice are expressed before taking into account tax and social deductions. The premiums paid on this compartment are from a transfer and are not deductible.

A Tax regime applicable in exceptional cases of early buyback

Retirement benefits paid in the form of capital under the faculties provided for in 1° to 6° of Article L 224-4 of the Monetary and Financial Code are exempt from income tax under the provisions of 4° bis a and b of Article 81 of the General Tax Code. Social deductions apply to the products.

B Tax regime applicable in case of restitution in annuity at maturity

The annuity paid to the member at maturity is taxed under the regime of life annuities at a charge (paragraph 6 of Article 158 of the General Tax Code) and is subject to social deductions under the regime of life annuities at a charge (6. of Article 158 of the General Tax Code).

C Tax regime applicable in case of restitution in capital at maturity

The capital paid to the member at maturity is exempt from income tax (4° bis of Article 81 of the General Tax Code). Social deductions apply to the products.

Article 6 Tax regime applicable to the mandatory contributions compartment

These provisions are those in force in metropolitan France and in the DOM as of October 1, 2025, and are subject to modification by legislation. Any modifications made by legislation will apply to ongoing memberships.

The commitments described in the notice are expressed before taking into account tax and social deductions. The premiums paid on this compartment are from a transfer and are not deductible.

A Tax regime applicable in exceptional cases of early buyback

Retirement benefits paid in the form of capital under the faculties provided for in 1° to 5° of Article L 224-4 of the Monetary and Financial Code are exempt from income tax under the provisions of 4° bis a and b of Article 81 of the General Tax Code. Social deductions apply to the products.

B Tax regime applicable to the annuity at maturity

The annuity paid to the member at maturity is taxed under the regime of life annuities at a charge (paragraph 6 of Article 158 of the General Tax Code) and is subject to social deductions under the regime of life annuities at a charge (6. of Article 158 of the General Tax Code).

C Tax regime applicable in case of buyback of the low amount annuity at maturity

Retirement benefits paid in the form of capital under Article A. 160-2-1 of the Insurance Code are taxed as income tax for the portion corresponding to the amount of the contributions (5.b. quinquies 1° of Article 158 of the General Tax Code) and at the flat-rate withholding tax for the portion of the products related to the contributions (5.b. quinquies 2° of Article 158 of the General Tax Code). Social deductions apply to the products.

Article 7 Wealth Tax (IFI)

These provisions are those in force in metropolitan France and in the DOM as of October 1, 2025, and are subject to modification by legislation. Any modifications made by legislation will apply to ongoing memberships.

Individuals with taxable real estate assets with a net value exceeding €1,300,000 as of January 1 are subject to the Wealth Tax (IFI).

The FAR PER contract is subject to the Wealth Tax (IFI) when it becomes redeemable. It is considered redeemable:

• when the member reaches the required age to request the liquidation of the plan (Article L 224-1 of the Monetary and Financial Code),
• or when one of the events occurs.

Article 8: Tax regime applicable in case of death

These provisions are those in force in metropolitan France and in the DOM as of October 1, 2025, and are subject to modification by legislation. Any modifications made by legislation will apply to ongoing memberships.

The commitments described in the notice are expressed before taking into account tax and social deductions.

The death of the insured, before or after maturity, leads to the closure of the retirement account and triggers the payment of a life annuity or a capital sum.

In the event of the insured's death before the age of 70, the amounts paid are subject to a progressive flat-rate withholding tax, after applying a deduction of €152,500 per beneficiary on all contracts subscribed by the insured. These provisions are provided for in Article 990 I of the General Tax Code.

If a life annuity is paid to the beneficiary: the capitalization value of the annuity paid is exempt from the withholding tax provided for in Article 990 I of the General Tax Code, under certain cumulative conditions including the payment of regularly scheduled premiums in their amount and periodicity for a duration of at least fifteen years.

In the event of the insured's death after the age of seventy, the amounts paid are taxed at inheritance tax for their total amount, after applying a deduction of €30,500 common to all contracts subscribed by the insured. These provisions are provided for in Article 757 B of the General Tax Code.

In all cases, the spouse of the insured or their civil partner or, under certain conditions, their siblings are exempt from any inheritance tax that may be due under Article 757 B of the General Tax Code, as well as from the withholding tax provided for in Article 990 I of the General Tax Code.

If the insured's death occurs during the payment of a life annuity, the capitalization value of the life annuity is exempt from any inheritance tax that may be due under Article 757 B of the General Tax Code and from the withholding tax provided for in Article 990 I of the General Tax Code in the case of reversion to the benefit of the insured's spouse, civil partner, or direct descendants (5° of 1 of Article 793 of the CGI). In the case of reversion to the benefit of another person, the capitalization value of the life annuity is included in the estate and subject to inheritance tax in this respect.

To this death tax, any tax and social deductions may apply:

• the annuity paid to the beneficiary is subject to income tax and bears social deductions,
• the capital paid to the beneficiary is exempt from income tax and social deductions.

Article 9: Effective date and duration of the contract concluded between AGIPI and AXA

This version of the contract takes effect on January 7, 2026. It applies to new memberships registered from its effective date.

This contract concluded between AGIPI and AXA is renewable annually by tacit agreement, unless terminated by one party to the other by registered letter with acknowledgment of receipt, at least six months before December 31 of each year.

If this contract were to be terminated, ongoing memberships would continue to benefit, until their term or until the death of the insured, from all the provisions set out below, and the ongoing or future benefits would continue to be paid under the conditions provided. Only new memberships would no longer be accepted.

Article 10: Modifications of the contract concluded between AGIPI and AXA

AGIPI and AXA may, by mutual agreement, modify this contract. In accordance with the provisions of Article L 141-7 of the Insurance Code and Article R141-6 of the Insurance Code, the General Assembly of the association shall have sole authority to authorize modifications to the essential provisions of the contract. For other provisions of the contract, it may delegate to the Board of Directors of AGIPI, by resolution(s) and for a limited duration, the power to sign amendments in matters that the resolution will define.

Any modification of the rights and obligations of the members shall be communicated in writing to all members, in accordance with the provisions of Article L 141-4 of the Insurance Code, at least three months before the date scheduled for its entry into force. The member may terminate their membership due to these modifications, which would result in a transfer to a PER with another organization.

Article 11: Membership in the contract

Membership in this contract is reserved for members of the AGIPI association under 75 years of age. The entry fee to the association, amounting to a maximum of €15 per year, is set by the Board of Directors of the association and submitted to the General Assembly of the association. This entry fee is collected by ADIS on behalf of the association.

To benefit from the provisions of this contract, the member fills out and signs a membership application, designates the beneficiary(ies) in case of death, and makes a first payment. Then, the member signs the specific conditions of membership.

Membership takes effect on the day of receipt of the first payment by ADIS, subject to the collection of funds and compliance with current regulations, including anti-money laundering.

In the membership application, the member indicates the expected age of liquidation of their retirement contract. They determine:

• the maturity of the membership and the period for building their retirement account,
• the maturity date of the ESG thematic managed accounts and thematic management agreements,
• the maturity date of the Agipi Euro Growth FUND in certain cases.

The specific conditions of membership mention the expected age of liquidation of the retirement contract and consequently its maturity, which the member can modify at any time by way of amendment (to set a new holding horizon). This change in the envisaged age modifies the three points listed above.

As long as the member has not reached the legal retirement age or has not liquidated their pension in a mandatory scheme, the accumulated retirement account, through regular or complementary contributions, is unavailable (except for exceptional buybacks provided by law).

At the maturity of the membership:

• the member may request the liquidation of the savings present in their retirement account;
• the membership may also continue to produce its effects year after year by tacit renewal.

When the member has determined the maturity of the membership based on the expected age of liquidation of their retirement account, it is possible that this date is later than the minimum legal maturity (the date on which the member has reached the age mentioned in Article L 161-17-2 of the Social Security Code, or if earlier, the age at which the member proceeds to the effective liquidation of their pension rights in a mandatory old-age insurance scheme).

In this case, and although the membership has not yet reached its contractual maturity, the member may still freely dispose of their savings, provided that the minimum legal maturity is respected.

However, the contractual commitments (contributions, type of management of savings, maturity of the Agipi Euro Growth FUND…) will be applied in accordance with the maturity date that the member will have chosen.

Article 12 Obligations of AGIPI and ADIS

ADIS performs all necessary acts: acceptance and issuance of memberships, collection of contributions, payment of benefits, monitoring of members' files. ADIS may, in agreement with the insurer and AGIPI, delegate all or part of the tasks to an organization of its choice.

AGIPI, through ADIS, informs members of the status of their guarantees in the first quarter of each year, notably through the association's website (www.agipi.com) under the “members area” section.

Article 13 Deadline and modalities for withdrawal

Withdrawal deadline

The member may withdraw from their membership within a period of thirty calendar days from the moment they are informed that the membership in the contract is concluded. They are informed that the membership is concluded on the date of signing the membership application. This period is, for good faith members, extended until the effective delivery of all documents and information necessary for the membership and, in any case, within the limit of eight years from the date the member is informed that the membership in the contract is concluded.

Withdrawal modalities

The withdrawal must be requested by sending a registered letter with acknowledgment of receipt to ADIS at the following address:

12 avenue Pierre Mendès France,
CS 10144,
67312 SCHILTIGHEIM Cedex.

It can be made using the model letter below:

I, the undersigned,
Name: ..................................................
First name: ................................................
Address: .................................................

Declare to withdraw from my FAR PER membership no: .........................., for which I have paid: .......................... €.

Dated: ..........................
Made in: .................................................., on: .......................... (Signature)

The withdrawal leads to the restitution of all amounts paid within a maximum period of thirty days from the receipt of the withdrawal. The receipt of the withdrawal request terminates all guarantees in case of survival and in case of death.

Article 14 Limitation

Limitation is a mode of extinction of a right resulting from the inaction of its holder after a period provided by law. No action or claim regarding the membership may be undertaken beyond the limitation period.

The limitation is governed by the following articles of the Insurance Code:

Article L 114-1 of the Insurance Code

All actions arising from an insurance contract are limited to two years from the event that gives rise to them. However, this period does not run:

1. In the case of reticence, omission, false or inaccurate declaration on the risk incurred, only from the day the insurer became aware of it,
2. In the case of a claim, only from the day the interested parties became aware of it, if they prove that they were unaware of it until then.

When the insured's action against the insurer is caused by a third-party claim, the limitation period only runs from the day this third party has initiated legal action against the insured or has been compensated by them.

The limitation is extended to ten years in life insurance contracts when the beneficiary is a person distinct from the member and, in insurance contracts against accidents affecting individuals, when the beneficiaries are the heirs of the deceased insured. For life insurance contracts, notwithstanding the provisions of 2°, the actions of the beneficiary are limited at the latest thirty years from the death of the insured.

Article L 114-2 of the Insurance Code

The limitation is interrupted by one of the ordinary causes of interruption of the limitation and by the designation of experts following a claim. The interruption of the limitation of the action may also result from the sending of a registered letter with acknowledgment of receipt addressed by the insurer to the insured regarding the action for payment of the premium and by the insured to the insurer regarding the payment of the indemnity.

The ordinary causes of interruption of the limitation, stipulated in Articles 2240 and following of the Civil Code, are as follows:

• the acknowledgment by the debtor of the right of the person against whom they were limiting,
• the legal request, even in summary proceedings, and even when it is brought before an incompetent jurisdiction or when the act of seizing the jurisdiction is annulled due to a procedural defect,
• a conservatory measure taken under the Code of Civil Enforcement Procedures or an act of forced execution.

Article L 114-3 of the Insurance Code

By derogation from Article 2254 of the Civil Code, the parties to the insurance contract cannot, even by mutual agreement, modify the duration of the limitation, nor add to the causes of suspension or interruption thereof.

Article 15 Information regarding the use of personal data

As part of the membership, the data provided by the member/insured are primarily used for the conclusion and management of the insurance contract, by ADIS, the data controller. They may also be used for the management of claims and disputes, the fight against money laundering and the financing of terrorism, the fight against fraud, the preparation of statistics and actuarial studies, and the execution of legal, regulatory, and administrative provisions in force.

The data of the member/insured will be kept for the time necessary for these various operations, or for the durations specifically provided for by the deliberations of the CNIL or the law.

In any case, each processing of personal data carried out by ADIS is based on one of the following legal bases:

• the consent of the member/insured,
• the execution of the contract or pre-contractual measures taken at the request of the member/insured,
• compliance with a legal obligation,
• preservation of the public interest,
• pursuit of a legitimate interest by the data controller, such as the prevention and detection of fraud.

The data of the member/insured may be communicated to the subscribing association, its insurers, reinsurers, and authorized professional organizations depending on management needs. For those recipients located outside the European Union, the transfer is limited to countries listed by the European Commission as providing adequate data protection or to recipients respecting either the standard contractual clauses proposed by the CNIL or the internal data protection rules of the AXA group (BCR).

ADIS is legally required to verify that the data provided by the member/insured are accurate, complete, and, if necessary, to update them. Therefore, the member/insured may be asked by ADIS to verify the information provided or to complete their file.

They are informed that responses to certain questions may be mandatory and are necessary for the purposes mentioned in the first paragraph of this article. If the member/insured has given a special and express authorization for the use of certain data, they may withdraw it at any time provided that it does not concern information that conditions the application of the membership.

In accordance with current legislation, the member/insured may access their data, oppose their processing or choose to limit their use, request their deletion, portability or rectification in case of error, and define directives regarding the fate of their data after their death by writing to the following address:

ADIS,
Data Protection Officer,
12 avenue Pierre Mendès France,
CS 10144,
67312 SCHILTIGHEIM Cedex.

In the event of a complaint regarding the processing of their data, the member/insured has the right to contact the CNIL.

Telemarketing

If the member does not wish to be subject to commercial prospecting by telephone, they have the option to register for free on the BLOCTEL telephone marketing opposition list. For more information, the member can visit the website www.bloctel.gouv.fr.

Article 16 Information on sustainability

A Integration of sustainability risks

(in the sense of Regulation 2019/2088 on the publication of information regarding sustainability in the financial sector, referred to as the SFDR Regulation) and environmental sustainability (in the sense of Regulation 2020/852 establishing a framework to facilitate sustainable investments, referred to as the Taxonomy Regulation)

A sustainable investment in the sense of the SFDR Regulation is an investment in an economic activity that contributes to an environmental or social objective, provided that it does not significantly harm any of these objectives and that the companies benefiting from the investments apply good governance practices.

In the management of the Agipi FUND and the Agipi Euro Growth FUND, the insurer takes into account the assessment of sustainability risks, notably by integrating ESG (Environmental, Social, and Governance) criteria:

• thus in its investment choices, the insurer excludes certain sectors: controversial weapons, staple agricultural products, palm oil, coal and tar sands, tobacco, white phosphorus weapons,
• moreover, in its investment choices, the insurer takes into account the ESG ratings of the assets constituting the Agipi FUND and the Agipi Euro Growth FUND. The ESG rating provides a standardized overall quantitative view of the ESG performance of investments.

Based on these ESG ratings and any controversies, certain assets may be excluded. Assets with an ESG rating represent approximately 80% (approximately 95% for the Agipi Euro Growth FUND) of the investments of the Agipi FUND (rate calculated based on a weighted average of the asset allocation as of December 31, 2021, and subject to change). The remaining 20% (5% for the Agipi Euro Growth FUND) currently do not have an ESG rating due to limitations in methodology and data quality (see “Note” below).

In addition, shareholder engagement practices are in place, aimed at reducing the sustainability risks of issuers. Given the above, the potential impact of sustainability risks on the returns of the Agipi FUND and the Agipi Euro Growth FUND of the insurer should be low.

To promote a sustainable economy, the insurer also integrates sustainability risks by incorporating units of account backed by collective investments (e.g., investment support in units of account such as OPC, OPCI, FCPR), investing in companies that meet environmental, social, and governance criteria (called ESG criteria).

Note:

Most information on ESG factors is based on historical data and may not reflect future ESG performance or risks of investments. The insurer has developed methodologies for measuring sustainability risks to account for potential unavailability of data produced by managing companies and the use of different calculation methods between management companies. These methodologies are regularly updated, but there is no guarantee that the insurer's methodologies will successfully capture all ESG criteria.

An asset is considered environmentally sustainable under the Taxonomy Regulation if it invests in an economic activity that:

• substantially contributes to one or more of the environmental objectives as defined by Article 5 of the said regulation (for example, climate change mitigation, climate change adaptation, or the protection and restoration of biodiversity and ecosystems),
• does not significantly harm any of the environmental objectives,
• is conducted in compliance with minimum safeguards such as minimum safeguards regarding labor rights and human rights, such as the fundamental conventions of the International Labor Organization referred to in Article 18 of the said regulation,
• complies with the technical screening criteria established by the European Commission as defined by the regulation.

The assets that make up the Agipi FUND and the Agipi Euro Growth FUND contribute to environmental objectives related to mitigating climate change and/or adapting to climate change. There is no mandatory minimum share of environmentally sustainable assets in the Agipi FUND and the Agipi Euro Growth FUND. Nevertheless, the insurer commits to taking into account its ESG strategy as described above when making its investments. Additional information on the share of environmentally sustainable assets in the Agipi FUND and the Agipi Euro Growth FUND will be provided in your annual situation statements.

In accordance with the Taxonomy Regulation, we remind you that “The principle of ‘do no significant harm’ applies only to the underlying investments of the financial product that take into account the European Union criteria for environmentally sustainable economic activities. The underlying investments of the remaining portion of this financial product do not take into account the European Union criteria for environmentally sustainable economic activities.”

B Promotion of environmental or social characteristics, or sustainable investment objective

This contract promotes environmental or social characteristics. The realization of these characteristics is conditional on investing in:

• at least one investment support highlighting environmental or social characteristics (referred to as Article 9),
• or having a sustainable investment objective and which is a financial product within the meaning of the SFDR regulation (referred to as Article 10),
• or in an investment support having a sustainable investment objective but which is not a financial product within the meaning of the SFDR regulation, and holding one of these investment supports during the life of the contract.

Additional information on these characteristics is included in annual reports, prospectuses, regulations, statutes, or sustainability annexes.

Regarding your investment supports:

• concerning the Agipi FUND and the Agipi Euro Growth FUND, they promote environmental characteristics,
• some of the investment supports in units of account referenced in this contract promote environmental or social characteristics.

or a combination of these characteristics, or aim for a sustainable investment.

The list of supports promoting environmental and social characteristics (Article 9); supports having a sustainable investment objective and which are financial products within the meaning of Regulation 2019/2088 (Article 10) or supports having a sustainable investment objective without being a financial product within the meaning of Regulation 2019/2088, as well as the proportion of supports within each of these categories compared to the total number of supports, are available in the annex of this document.

If you wish to know more, particularly about the consideration of negative impacts on sustainability factors, you can consult from January 1, 2023; for all supports available in the contract, annual reports, prospectuses, regulations, statutes, or sustainability annexes on the website axa.fr/assurance-vie.html, under the “Key Information Documents” section or obtain these documents upon simple request from your advisor.

We draw your attention to the fact that the classification of investment supports, in the sense of the SFDR regulation, is subject to change. We therefore invite you to regularly consult our website at the address indicated above or to contact your advisor to keep track of this information.

Article 17 Complaints

If the member wishes to make a complaint, they must contact in writing their advisor (their contact details are indicated on the letters and on the member area) or the management service with which the member is in contact or, at any time, the service in charge of handling complaints:

• via the contact form available at agipi.com/contact
• or by mail to the following address:
  ADIS, Member Voice Service,
  12 avenue Pierre Mendès France,
  CS 10144,
  67312 SCHILTIGHEIM Cedex.

Their situation will be studied with the utmost care; an acknowledgment of receipt will be sent to you within a maximum of 10 days and a response will then be sent to you within a maximum of 60 days.

In any case, the member may contact the insurance mediator at the addresses below, two months after their first written complaint, whether or not they have received a response following their complaint, and in any case, within a maximum period of 1 year from their first written complaint:

• electronically: on the website mediation-assurance.org
• by mail: The Insurance Mediation,
  TSA 50110,
  75441 PARIS Cedex 09.

The mediator's intervention is free of charge.

The mediator will issue an opinion within 90 days from the date of receipt by the mediator of the complete file of the member.

Both parties, the member and AXA, remain free to follow or not the mediator's proposal. The member retains the possibility at any time to contact the competent French court.

Article 18 Control of the insurer

The control authority of the insurer is the Prudential Control and Resolution Authority (ACPR):

ACPR,
4 place de Budapest,
CS 92459,
75436 PARIS Cedex 09.

The member acknowledges the insurer's obligations regarding the fight against money laundering and the financing of terrorism resulting notably from Articles L 561-2 and following of the Monetary and Financial Code.

The member must provide the insurer with all information and/or documents requested by them in the context of the fight against money laundering and the financing of terrorism, notably the identity of the member and any representative, their profession, the geographical origin and source of the funds paid, the purpose and motivation of the operation.

In the absence of sufficient information and/or documents, the insurer reserves the right to refuse any operation in accordance with the provisions of the Monetary and Financial Code.

Article 19 Unclaimed contracts - Eckert Law

The deposit at the Caisse des dépôts et consignations (CDC) of the amounts due to the member or the beneficiary under the membership as long as they are not claimed (Article L 132-27-2 of the Insurance Code) occurs after a period of 10 years from the date the insurer became aware of the death of the insured or the maturity of the membership or, failing that, from the date of the 120th anniversary of the insured. The deposit occurs in the month following the expiration of this period with the Banque des Territoires.

These amounts are acquired by the State after a period of 20 years from the date of this deposit.

Until the expiration of this period, the CDC holds, on behalf of the member or their beneficiaries, the amounts that have been deposited.

This deposit is made in cash. The value of commitments expressed in units of account or allocated to the acquisition of rights, leading to the establishment of a diversification provision, is that reached at the expiration of the 10-year period mentioned above, unless the contract provides for an earlier date.

The member or the beneficiaries of these deposited amounts could then only obtain their payment in cash. The CDC proceeds to the restitution of the amounts in the form of capital.

The amount of the sums paid by the CDC to the member or their beneficiaries or acquired by the State cannot be less than the amount of the sums deposited with the CDC, reduced, if applicable, by partial payments made by the CDC under this device.

The insurer and the member are released from any obligation following this deposit except for the insurer's obligations regarding the retention of information and documents. This liberating nature, however, does not imply exemption from liability for breaches committed prior to this deposit.

At the time of this deposit, the insurer transmits to the CDC the necessary information, if applicable, for the payment of the amounts due to the member or their beneficiaries.

Until the expiration of the 20-year period referred to above, it retains the information and documents relating to the outstanding membership at the date of the deposit with the CDC, to the calculation of the 10-year period referred to above and to the applicable tax regime, as well as the information and documents allowing to identify the member and the beneficiaries of the membership. This information and documents are transmitted to the CDC at its request.

The insurer also retains the information and documents allowing to assess that it has fulfilled its obligations regarding unclaimed memberships.

Information measures

Six months before the expiration of the 10-year period referred to above, the insurer informs the member or the beneficiaries of the membership of the implementation of this device.

The CDC organizes appropriate publicity regarding the identity of the member whose guaranteed amounts have been deposited to allow the member or the beneficiaries of the membership to receive the amounts due. The latter communicate to the CDC the information allowing to verify their identity and to determine the amount of the sums due to them.

Retirement formation

Article 20 Organization of management

The member chooses an investment profile. They then opt for a type of management. Finally, they determine the distribution of their contributions between the chosen type of management and the specific investment supports offered.

The contract does not provide for a loyalty guarantee (except for commercial offers granted during the contract).

Investment profile

The member opts for one of the proposed investment profiles:

• Offensive,
• Dynamic,
• Balanced,
• Cautious.

Type of management

Four types of management are offered to the member to organize the distribution of their retirement account among the different investment supports:

• ESG thematic managed accounts,
• the con...

Investment management

Types of management

• Thematic management agreements
• Personalized management agreement
• Free management

AGIPI and the insurer may, by mutual agreement, propose at any time new types of management, arrange and/or temporarily suspend the possibilities of arbitrating the retirement account between the different investment supports, and/or suspend the possibility of modifying the chosen type of management.

Distribution of contributions

The member has the possibility to invest their contributions both in the chosen type of management and in the specific investment supports as defined in Article 31 of this notice.

With each contribution, the member can determine the distribution of funds between the chosen type of management and the specific investment supports, according to the conditions provided for in Article 31.

In the absence of indication, the contribution, net of fees and net of contributions to complementary guarantees, is distributed according to the distribution in force at the time of the operation, as defined in Article 32 of this notice.

Article 21: ESG thematic managed accounts

In the context of this type of management, the member gives a mandate to the insurer, up to the share of their retirement account managed in ESG thematic management (Environment, Social, and Governance).

By “share of the retirement account managed in ESG thematic management,” it is understood the part of the retirement account managed outside of the specific investment supports.

A. Purpose of the mandate

In the context of ESG thematic management, the member, as the principal, gives a mandate to the insurer, the agent, who accepts it for:

• The selection of investment supports from those listed in the current supports list.
• The execution of arbitrations of the share of the retirement account managed in ESG thematic management between these supports (in accordance with the provisions of Article L 132-27-3 of the Insurance Code) within the framework of the investment profile chosen by the member.

This mandate thus allows the insurer to make, on behalf of the member and for their account, any investment following a contribution and any arbitration of the share of the retirement account managed in ESG thematic management between the current investment supports.

In the context of ESG thematic management, the insurer mainly selects supports that meet ESG (Environment, Social, and Governance) criteria and that invest in sustainable themes.

Consequently, in ESG thematic management, the member cannot themselves select the investment supports, nor make arbitrations within the ESG thematic management.