Common use of License agreement Clause in Contracts

License agreement. The STOXX Global Select Dividend 100 Index (EUR) is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its Licensors shall have any liability with respect thereto. The Settlement Amount under the Securities is calculated by reference to the Underlying, which is provided by the responsible administrator. As at the date of these Final Terms, the administrator is included in the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority ("ESMA") pursuant to article 36 of the Regulation (EU) 2016/1011. Except for the notices referred to in the Conditions, the Issuer does not intend to publish any post- issuance information. The U.S. Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). The Issuer has determined that, as of the issue date of the Securities, the Securities will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Securities for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Securities. This summary should be read as an introduction to the base prospectus dated 6 June 2023 (as supplemented by the Supplements dated 6 September 2023, 2 October 2023 and 21 November 2023 and as further supplemented from time to time) (the "Base Prospectus") of Goldman, Sachs & Co. Wertpapier GmbH (the "Issuer"). Any decision to invest in the Securities should be based on a consideration of the Base Prospectus as a whole and the respective Final Terms by the investor. Investors could lose all or part of the invested capital. Where a claim relating to the information contained in the Base Prospectus and the respective Final Terms are brought before a court, the plaintiff investor might, under the national law, have to bear the costs of translating the Base Prospectus and the respective Final Terms before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the Summary, including any translation thereof, but only where the Summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the respective Final Terms or it does not provide, when read together with the other parts of the Base Prospectus and the respective Final Terms, key information in order to aid investors when considering whether to invest in the Securities. You are about to purchase a product that is not simple and may be difficult to understand.

License agreement. The STOXX Global Select Dividend 100 Index (EUR) is EUR)is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its Licensors shall have any liability with respect thereto. The Settlement Amount under the Securities is calculated by reference to the Underlying, which is provided by the responsible administrator. As at the date of these Final Terms, the administrator is included in the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority ("ESMA") pursuant to article 36 of the Regulation (EU) 2016/1011. Except for the notices referred to in the Conditions, the Issuer does not intend to publish any post- issuance information. The U.S. Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). The Issuer has determined that, as of the issue date of the Securities, the Securities will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Securities for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Securities. This summary should be read as an introduction to the base prospectus dated 6 9 June 2023 2022 (as supplemented by the Supplements dated 6 September 2023, 2 October 2023 and 21 November 2023 and as further supplemented from time to time) (the "Base Prospectus") of Goldman, Sachs & Co. Wertpapier GmbH (the "Issuer"). Any decision to invest in the Securities should be based on a consideration of the Base Prospectus as a whole and the respective Final Terms by the investor. Investors could lose all or part of the invested capital. Where a claim relating to the information contained in the Base Prospectus and the respective Final Terms are brought before a court, the plaintiff investor might, under the national law, have to bear the costs of translating the Base Prospectus and the respective Final Terms before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the Summary, including any translation thereof, but only where the Summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the respective Final Terms or it does not provide, when read together with the other parts of the Base Prospectus and the respective Final Terms, key information in order to aid investors when considering whether to invest in the Securities. You are about to purchase a product that is not simple and may be difficult to understand.

License agreement. The STOXX Global Select Dividend 100 Index (EUR) is EUR)is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its Licensors shall have any liability with respect thereto. The Settlement Amount under the Securities is calculated by reference to the Underlying, which is provided by the responsible administrator. As at the date of these Final Terms, the administrator is included in the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority ("ESMA") pursuant to article 36 of the Regulation (EU) 2016/1011. Except for the notices referred to in the Conditions, the Issuer does not intend to publish any post- issuance information. The U.S. Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). The Issuer has determined that, as of the issue date of the Securities, the Securities will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Securities for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Securities. This summary should be read as an introduction to the base prospectus dated 6 15 June 2023 2021 (as supplemented by the Supplements dated 6 17 August 2021, 27 September 20232021, 2 26 October 2023 2021, 16 November 2021, 5 April 2022, 12 April 2022 and 21 November 2023 18 May 2022 and as further supplemented from time to time) (the "Base Prospectus") of Goldman, Sachs & Co. Wertpapier GmbH (the "Issuer"). Any decision to invest in the Securities should be based on a consideration of the Base Prospectus as a whole and the respective Final Terms by the investor. Investors could lose all or part of the invested capital. Where a claim relating to the information contained in the Base Prospectus and the respective Final Terms are brought before a court, the plaintiff investor might, under the national law, have to bear the costs of translating the Base Prospectus and the respective Final Terms before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the Summary, including any translation thereof, but only where the Summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the respective Final Terms or it does not provide, when read together with the other parts of the Base Prospectus and the respective Final Terms, key information in order to aid investors when considering whether to invest in the Securities. You are about to purchase a product that is not simple and may be difficult to understand.

License agreement. The STOXX Global Select Dividend 100 Index (EUR) is EUR)is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its Licensors shall have any liability with respect thereto. The Settlement Amount under the Securities is calculated by reference to the Underlying, which is provided by the responsible administrator. As at the date of these Final Terms, the administrator is included in the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority ("ESMA") pursuant to article 36 of the Regulation (EU) 2016/1011. Except for the notices referred to in the Conditions, the Issuer does not intend to publish any post- issuance information. The U.S. Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). The Issuer has determined that, as of the issue date of the Securities, the Securities will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Securities for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Securities. This summary should Goldman Sachs has determined that there is a material risk that the Securities will not be read treated as an introduction a debt instrument, but will rather be treated as a forward or derivative contract, for United States federal income tax purposes. In light of this possibility, Goldman Sachs intends to treat the base prospectus dated 6 June 2023 (as supplemented by the Supplements dated 6 September 2023, 2 October 2023 and 21 November 2023 and as further supplemented from time to time) (the "Base Prospectus") of Goldman, Sachs & Co. Wertpapier GmbH (the "Issuer"). Any decision to invest Securities in the manner described under "United States Tax Considerations - Securities should be based on a consideration of the Base Prospectus Issued by GSFCI - Securities that are not Classified as a whole and the respective Final Terms by the investor. Investors could lose all or part of the invested capital. Where a claim relating to the information contained Debt for United States Tax Purposes" in the Base Prospectus Prospectus. If the Securities bear periodic coupons, then, due to uncertainty regarding the U.S. withholding tax treatment of coupon payments on Securities that are not treated as debt, it is expected that withholding agents will (and the respective Final Terms Issuer, if the Issuer is the withholding agent, intend to) withhold on coupon payments on the Securities at a 30 per cent. rate or at a lower rate specified by an applicable income tax treaty under an "other income" or similar provision. The Issuer will not make payments of any additional amounts in respect of such withholding tax. Amounts paid upon the redemption or maturity of the Securities are brought before a court, the plaintiff investor might, under the national law, have not expected to bear the costs of translating the Base Prospectus be subject to U.S. withholding tax and the respective Final Terms before Issuer, if the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the Summary, Issuer (including any translation thereofof its affiliates) is the withholding agent, but only where does not intend to withhold on such amounts. The Security Holder should consult their own tax advisor regarding the Summary is misleadingU.S. tax consequences of purchasing, inaccurate or inconsistent when read together with the other parts holding and disposing of the Base Prospectus and the respective Final Terms or it does not provide, when read together with the other parts of the Base Prospectus and the respective Final Terms, key information in order to aid investors when considering whether to invest in the Securities. You are about to purchase a product that is not simple and may be difficult to understand.

License agreement. The STOXX Global Select Dividend 100 Index (EUR) is EUR)is the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors ("Licensors"), which is used under license. The securities or other financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither STOXX nor its Licensors shall have any liability with respect thereto. The Settlement Amount under the Securities is calculated by reference to the Underlying, which is provided by the responsible administrator. As at the date of these Final Terms, the administrator is included in the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority ("ESMA") pursuant to article 36 of the Regulation (EU) 2016/1011. Except for the notices referred to in the Conditions, the Issuer does not intend to publish any post- issuance information. The U.S. Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a "dividend equivalent" payment that is subject to tax at a rate of 30 per cent. (or a lower rate under an applicable treaty). The Issuer has determined that, as of the issue date of the Securities, the Securities will not be subject to withholding under these rules. In certain limited circumstances, however, it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even when no withholding is required. United States alien holders should consult their tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterisations of their Securities for United States federal income tax purposes. See "United States Tax Considerations – Dividend Equivalent Payments" in the Base Prospectus for a more comprehensive discussion of the application of Section 871(m) to the Securities. This summary should be read as an introduction to the base prospectus dated 6 9 June 2023 2022 (as supplemented by the Supplements dated 6 September 202310 August 2022, 2 11 October 2023 2022 and 21 10 November 2023 2022 and as further supplemented from time to time) (the "Base Prospectus") of Goldman, Sachs & Co. Wertpapier GmbH (the "Issuer"). Any decision to invest in the Securities should be based on a consideration of the Base Prospectus as a whole and the respective Final Terms by the investor. Investors could lose all or part of the invested capital. Where a claim relating to the information contained in the Base Prospectus and the respective Final Terms are brought before a court, the plaintiff investor might, under the national law, have to bear the costs of translating the Base Prospectus and the respective Final Terms before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the Summary, including any translation thereof, but only where the Summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the respective Final Terms or it does not provide, when read together with the other parts of the Base Prospectus and the respective Final Terms, key information in order to aid investors when considering whether to invest in the Securities. You are about to purchase a product that is not simple and may be difficult to understand.