EQUITIES FOR INDIVIDUALS

ACCOUNT OPENING FORM

BIPL Securities Limited.

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

1

BASIC INFORMATION

NATURE OF ACCOUNT

ONLINE OFFLINE ONLINE-OFFLINE

SINGLE JOINT

ACCOUNT HOLDER

ACCOUNT TITLE/NAME

MAILING ADDRESS

ADDRESS (OFFICE)

XAF)ECIFFO( ENOHP

JOINT ACCOUNT HOLDER

ACCOUNT TITLE/NAME

MAILING ADDRESS

ADDRESS (OFFICE)

XAF)ECIFFO( ENOHP

FOR OFFICIAL USE ONLY

Date of Account Opening (DD/MM/YYYY)

Client ID / Account No.

CDC Sub Account No.

LIAME LIAME

LLECENOHP LLECENOHP

PERMANENT ADDRESS PERMANENT ADDRESS

FATHER’S / HUSBAND’S NAME

DATE OF BIRTH (DD/MM/YYYY)

MOTHER’S NAME

PLACE OF BIRTH

NATIONALITY

OTHER NATIONALITY (IF ANY)

GENDER: MALE FEMALE

(copy enclosed)COMPUTERIZED NATIONAL IDENTITY CARD (PASSPORT NUMBER, IN CASE OF NON-RESIDENT )

ARE YOU REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN, PLEASE MENTION:

OCCUPATION

NAME OF EMPLOYER / BUSINESS

JOB TITLE / DESIGNATION

NTN (National Tax Number)

DATE OF EXPIRY

(Please enclose copy of NTN Certificate)

FATHER’S / HUSBAND’S NAME

DATE OF BIRTH (DD/MM/YYYY)

MOTHER’S NAME

PLACE OF BIRTH

NATIONALITY

OTHER NATIONALITY (IF ANY)

GENDER: MALE FEMALE

(copy enclosed)COMPUTERIZED NATIONAL IDENTITY CARD (PASSPORT NUMBER, IN CASE OF NON-RESIDENT )

ARE YOU REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN, PLEASE MENTION:

OCCUPATION

NAME OF EMPLOYER / BUSINESS

JOB TITLE / DESIGNATION

NTN (National Tax Number)

DATE OF EXPIRY

(Please enclose copy of NTN Certificate)

INSTRUCTIONS1. Please use BLOCK LETTERS to fill out this form.2. Columns which are not applicable should be marked “NA’” and initialed.3. Name and Signature of Applicant(s) should match with their CNIC(s)/Passport(s).4. Each page of the form must be duly signed by the Account Holder and the Joint Account Holder(s) as the case may be.5. �e Account Holder(s) must thoroughly read the Terms and Conditions /Agreement carefully before signing.6. Cheques must be drawn payable to “BIPL Securities Limited - Client Account”.7. All required enclosures mentioned in the form are mandatory to complete the Account Opening Form and must be submitted along with the signed, completed form.

ENCLOSURES1. Attested copy of CNIC(s)/Passport(s) of the Account Holder and Nominee;2. Attested copy of CNIC(s)/Passport(s) of the Witnesses;3. Attested copy of CNIC(s)/Passport(s) of the Joint Account Holder(s) (if any);4. Attested copy of CNIC/Passport of the Authorized Person (if any);5. Zakat Affidavit (if Zakat is Not Applicable);6. Copy of NTN Certificate of Account Holder;7. Salary Certificate from Employer (in case of Salaried Person); and8. Package sheet mentioning Commission to be charged by BIPL Securities Limited and Transaction Taxes.

2

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

MARGIN DEPOSIT e Account Holder(s) hereby undertakes to deposit and maintain ____ margin against his/

her/their outstanding trades/exposures for the purpose of trading in his/her/their account. e Account Holder(s) shall be responsible to ensure that the Margin shall be either in cash

or in Securities approved by the Broker for the purpose of margin deposit, which are in a state e Account Holder(s)

undertake(s) to comply with the directions of the Broker for regularization of any defect, mis- e Broker

shall notify the Account Holder(s) about any change in the above Margin requirements for the already executed trades and/or for future trades at least 3 (three) days prior to the implementa-

is is without prejudice to the Broker’s right to call additional cash or Securities as Margin within one business day and to liquidate the Account Holder(s’) outstanding positions as mentioned in Clauses 8 and 10 of the Special Terms and Conditions appended herein.

NOMINATION

In the event of death of the Account Holder(s), the Nominee shall be entitled to receive securities / cash available in the account of the Account Holder after set-o� against losses and li-abilities in the Account. In case of a Joint Account, the survivor shall be entitled to receive Securities / cash available in the Account of the Account Holders, after set-o� / adjustments against losses and liabilities in the Account. Nominee / Successor can only be the blood relative / spouse of the principal account holder.

NAME OF NOMINEE FATHER’S / HUSBAND’S NAME

RELATIONSHIP WITH ACCOUNT HOLDER DATE OF BIRTH (DD/MM/YYYY)

ADDRESS

PHONE EMAIL

EUSSI FO ETAD

EXPIRY FO ETAD

)TNEDISER-NON FO ESAC NI ,REBMUN TROPSSAP( DRAC YTITNEDI LANOITAN DEZIRETUPMOC (copy enclosed) PLACE OF ISSUE

NOMINEE REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN, PLEASE MENTION:

PLACE OF BIRTHNATIONALITY OTHER NATIONALITY (if any)

RESIDENTIAL STATUS

(Where R= Repatriable and NR =Non Repatriable)

INATSIKAP TNEDISER NON-RESIDENT PAKISTANI (R) NON-RESIDENT PAKISTANI (NR) FOREIGNER RESIDENT (R)

FOREIGNER RESIDENT (NR) FOREIGNER NON-RESIDENT (R) FOREIGNER NON-RESIDENT (NR)

(Please provide complete mailing address of the bank branch)For Non Resident Account Holders, bank information pertaining to dividend mandate is mandatory so that dividends may be directly credited to his/her bank account.

TITLE OF ACCOUNT

BANK ADDRESS ACCOUNT NO. BANK BRANCH

YES NO In case of YES, please provide the following information:

DIVIDEND MANDATE (Please tick ( ) the appropriate box below) L

THE ACCOUNT SHOULD BE OPERATED: EITHER (SINGLY) OR SURVIVOR JOINTLY

ACCOUNT OPERATING INSTRUCTIONS (Please tick ( ) the appropriate box below) L

MUSLIM ZAKAT NON-PAYABLE

NON-MUSLIM

MUSLIM ZAKAT PAYABLE

NOT APPLICABLE

ZAKAT STATUS (Please tick ( ) the appropriate box below) L

If, according to the Fiqh of the Applicant(s), Zakat deduction is not applicable, then relevent Declaration /

PROFIT ON IDLE FUNDS (Please tick( ) the appropriate box below)L

BIPLSecurities Limited

3

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

SPECIAL TERMS AND CONDITIONS

e terms and conditions set herein below shall be equally binding on BIPL SecuritiesLimited (hereafter referred to as “Broker”) and the Account Holder(s).

1. All transactions of Securities between the parties shall be subject to the Articles Rules and Regulations of the relevant Exchange, revised policies, Board’s Directions and new regulations to be framed in pursuance of Section 34 of the Securities & Exchange Ordinance, 1969 and any amendments or substitutions thereof. Moreover, all applicable provisions of the Securities & Exchange Ordinance, 1969 read with the Securities & Exchange Commission of Pakistan (SECP) Act, 1997, Brokers and Agents Registration Rules, 2001, Securities and Exchange Rules 1971 and all directions / directives passed from time to time to regulate the trades between the parties and to regulate Brokers conduct and the Central Depository Companies of Pakistan Act, 1997, Rules framed there under and the National Clearing and Settlement System Regulations and any

e Broker shall ensure provisions of copies of all the above Laws, Rules and Regulations at his offi ce for access to the Account Holder(s) during working hours.

e term “Securities” shall include all securities as defi ned under the Securities and Exchange Ordinance, 1969, including shares of listed public companies, Modaraba Certifi cates, Term Finance Certifi cates (TFCs), bearer and registered Bonds, including Federal Investment Bonds, Foreign Currency Bonds, etc., Certifi cates of Investments, Mutual Fund Certifi cates, Units issued by NIT and Assets Management Companies,

e Broker shall be authorized to act on the verbal instructions of the Account e Broker shall provide a written confi rmation including electronic mail

of the executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 7 below.

3(i)

e amount deposited as security margin by the Account Holder(s) with the Broker shall only be used for the purposes of dealing in Securities, such as trading and / or

e Broker shall not use such amounts for his own use, subject to Clause 8 hereafter.

2(a). �e credit amount of the Account Holder(s) shall be kept by the broker in a separatebank account titled “Account Holder / Client Account “ and shall not be used bythe broker for his own business

Certifi cates issued by Closed-end Funds, Treasury Bills and all other kinds of securities and instruments, both debt based as well as equity based, issued by companies, corporations, autonomous and semi autonomous bodies, Federal, Provincial and Local Governments and statutory bodies, which are traded on or purchased or sold at the Stock Exchange (the Exchange) and in particular, the Book Entry Securities, as defi ned under the Central Depositories Act, 1997.

I / We certify that the information provided above is correct and sign in acceptance:

ACCOUNT HOLDER JOINT ACCOUNT HOLDER

FOR OFFICIAL USE ONLY

VERBAL OPTION FOR WRITTEN INSTRUCTIONS ELECTRONIC

CONFIRMATION OF TRADE AND DELIVERY OF MAIL

Confi rmations of trades and other correspondence may please be sent to (For Online Trading, please see clause 6): Con�rmation of orders to clients made through

OFFICE ADDRESS VIA MAIL / COURIER MAILING ADDRESS VIA MAIL / COURIER ELECTRONIC

LIAMEXAF

ACCOUNTS WITH OTHER BROKER(S) (OPTIONAL)

EMAN )S(REKORB TNUOCCA DI TNEILC

TNUOCCA DI TNEILC EMAN )S(REKORB

INSTRURUR CTIONS Please see clause 3 of the Special Terms and Conditions. (For Online Trading, please see clause 5)

fax or e-mail will have a time record.

WITNESS 2

NAME

CNIC/Passport No.

SIGNATURE

WITNESS 1

NAME

CNIC/Passport No.

SIGNATURE

NAME

SIGNATURE

NAME

SIGNATURE DATE DATE

ERUTANGISCINCBIPL CONTACT PERSON

TRADER (NAME AND SIGNATURE)

SNOITAREPO)ERUTANGIS DNA EMAN( YB DEVORPPA

TISOPED LAITINISERAHS FO VMHSACYTIRUCES

COMPLIANCE

I have met the Client(s) (for single and joint account respectively) in Person/over SKYPE and have seen his/her/their original CNIC(s)/Passport(s)and confirm that his/her/their signature(s) and other information in the AOF are as per his/her/their CNIC(s)/Passport(s).

MEETING WITH CLIENT(S)

EVIDENCE OF MEETING

IN PERSON

PICTURE

OVER SKYPE

VIDEO

OTHERS

NONE OTHERS

�e Broker shall be authorized to act on the instructions of the Account Holder(s)received via e-mails/over phone/in writting. �e Broker shall provide confirmation ofthe executed transactions by e-mail and may send written confirmation of executedtransactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, andall such transactions recorded by the Broker in his books shall be conclusive and bindingupon the Account Holder(s), which shall not be questioned by him/her/them, subject toClause 7 below.

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

4

21.

For Joint Account Holder(s) only:

We, the Account Holders shall operate the account jointly or severally and the instructions issued either jointly or severally shall be binding on us as well as upon the Broker in respect of the joint titled account.

e Account Holder(s) shall operate the account and execute transactions 20.himself/ herself/themselves unless the Account Holder(s) authorize Mr. / Ms.: ___________________________C.N.I.C No. _____________________ (Authorized Person) to transact in the account in which event the transactions shall be executed by the Authorized Person on behalf of the Account Holder(s). All transactions executed by the Authorized Person shall be binding upon the Account Holder(s).

In the event of non-receipt of payment from the Account Holder on settlement day against securities bought on account of the Account Holder, the Broker may transfer such securities to his Collateral Account under intimation to the Exchange, after complying with the requirements as mentioned in the General Regulations of the Exchange.

10.

e Broker shall provide the confi rmation of the executed transactions to the Account Holder at the above stated address by means of acceptable mode of communication or by hand subject to acknowledgment receipt as noted in Clause 27.

e Broker shall provide the confi rmation of the executed transactions to the Account Holder(s) as provided in Clause 5 above at the email addresses given by the Account Holder(s) in the Account Opening Form as noted in Clause 28.

7. In case there are any error(s) in the daily confi rmation statement, the Account Holder(s) shall report the same to the Broker within one business day of the receipt of confi rmation. In case the Account Holder(s) do not respond within one business day of the receipt of the said daily confi rmation statement, the confi rmation statement shall be deemed conclusively accepted by the Account Holder(s). Provided however, the Broker’s decision as to whether or not there has been any error in the daily confi rmation

e Broker shall also not be liable for any errors, omissions or mistakes appearing in any list of Securities annexed to any Costs Bills or Proceeds Bill or any other confi rmations or reports or any consequences thereof, whether the Securities are dealt with through the CDS or otherwise.

8. In the event that the Account Holder(s) fail(s) to deposit additional cash or Securities as margin within one business day of the margin call (in writing), the Broker shall have absolute discretion to and, without any further notice to Account Holder(s), liquidate the Account Holder(s’) outstanding positions, including the Securities purchased and carried in such Account at the sole risk and responsibility of the Account Holder(s), without incurring any liability against the Broker arising out of such action, so that the margin is maintained at the required level, or the losses suff ered by the Broker, can be

e Account Holder(s) undertake(s) to indemnify the Broker against any or all losses that the Broker may sustain as a result of having to square off the position of the Account Holder(s)’ failure to cover a shortfall in the required margin/deposit to be maintained by the Account Holder(s) from time to time.

e Broker shall be responsible to ensure delivery of CDC eligible securities in the CDC account of the Account Holder(s), subject to full payment by the Account Holder(s), in the manner indicated in Clause 11 hereafter. In case of companies which are not on the CDS, the Broker shall ensure delivery of physical shares along with verifi ed transfer deeds against payments, to the Account Holder(s). Further, the Broker shall be responsible for the payment of any credit cash balance available in the Account of the Account Holder preferably in form of A/c Payee cross cheque only within 1 (one) business day of the request of the Account Holder(s) (subject to the maintenance of the margin requirements and adjustment of any legitimate claims of the Broker).

All Orders received telephonically and placed on KATS shall be supported by recording on dedicated telephonic lines, preferably connected with a computerized taping system so as the orders could possibly be sorted on UIN basis and made user friendly.

3(ii)

OR

e Account Holder(s) may also give written instructions including electronic mail e Broker shall provide a written confi rmation

of the executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/ them, subject to Clause 7 below.

11. �e Broker Shall accept from the Account Holder(s) payments through “A/c payee only” crossed cheque , bank drafts, pay order or other crossed banking instruments in case of amounts in excess of Rs. 25,000/-. Electronic transfer of funds to the Broker through banks would be regarded as good as cheque. �e Broker shall be responsible to provide the receipt to the Account Holder(s) in the name of the Account Holder(s) duly signed by authorized agents/employee of the Broker and the Account Holder(s) shall be responsible to obtain the receipt thereof. In case of cash dealings, proper receipt will be taken and given to the Account Holder(s), specifically mentioning if payment is formargin or the purchase of securities. the broker shall immediately deposit in its bank account all cash received in whole i.e. no payments shall be made from the cash received from clients. However, in exceptional circumstances, where it becomes necessary for Broker to accept cash in excess of Rs. 25,000/-, the Broker shall immediately report within one business day such Instances with rationale thereof in accordance with themechanism prescribed by the exchange.

�e members shall make all the payments of Rs. 25,000/-and above, through crossed cheques / bank drafts / pay orders or any other crossed banking instruments showing payment of amount from their business bank account. Copies of these payment instruments including cheques, pay order, demand drafts and online instructions shall be kept in record for a minimum period of five years.

12.

�e Account Holder(s) shall pay to the Broker for all purchases before the start of the last working session of the clearing of the relevant Exchange, all amounts due in respect of Securities that have been purchased or transactions carried our by the Broker on the instructions of the Account Holder(s), whether or not the Account Holder(s) has/have received Invoice/Bills in respect thereof. For the purpose of this Clause, a Certificate by the Broker that a particular amount is due in this regard, shall be the conclusive proof thereof and shall be binding upon and not called in question by the Account Holder(s).

15 In case of sale contract, the Account Holder(s) shall, before the start of the last working session of the clearing of the relevant Exchange, deposit with the Broker the Securities which he/she/they/it has/have instructed the Broker to sell.

16 e Account Holder(s) shall be responsible to ensure that Securities are in a state and e Account Holder(s)

also undertake(s) to comply with the directions of the Broker for regularization of any defect, mistake, discrepancy or irregularity or any matter in respect thereof.

While the Broker shall endeavour to purchase or sell the shares/securities within the limits of the prices that may be notifi ed by the Account Holder(s), the Broker does not guarantee or assure that the transactions will be materialized within notifi e Broker shall endeavour to execute the purchase or sell orders in full. However partial execution of the orders will be binding and obligatory on the Account Holder(s).

17. Without prejudice to the Broker’s rights, remedies and recourses mentioned in any of the preceding Clauses, in the event of the Account Holder(s) failure to make the payment against purchase contract as mentioned in Clauses 11 and 13 above, or to deliver or deposit the Securities against a sale contract, as mentioned in Clause 14 above, and/or to deposit and maintain the margin as mentioned in the Margin Deposit condition mentioned in this Form, the Broker shall have the right to square up and liquidate the Account Holder(s)’ outstanding position(s) and recover all outstanding due from the Account Holder(s), including losses, damages, costs and expenses which the Broker may suff er or sustain out of any Margin or Securities or collaterals that may

e Account Holder(s) shall continue to be liable for any shortfall.

18. Where the payment is not made by the Account Holder(s) within the time stipulated in Clause 13 above, the Account Holder(s) shall be liable to pay additional commission

is shall be without prejudice to the Broker’s right to square up the position in case of non-payment within the time stipulated in Clause 13 above. If such delay continues beyond two (2) weeks, the Broker shall have the right to resell the shares/ securities at the risk, cost and account of the Account Holder(s) and all losses shall be borne and made good by the Account Holder(s). In case if the stop payment request is being made by the Account Holder(s), a handling commission of Rs. 150.00 will be recovered from the Account Holder(s).

the case may be, of the outstandings owed by the Account Holder(s) and the Account Holder(s) shall be liable for any shortfall, as well as all losses, damages, costs and expenses which the Broker may suff er or sustain due to non-payment of the Account Holder(s).

14 In case of any amount due from the Account Holder(s), as may be certifi ed by the Broker in respect of Securities purchased on account of the Account Holder(s), has not been paid by the Account Holder(s) within the period specifi ed in Clause 11 above, the Broker shall have the right to settle the outstanding amounts out of any money(ies) or margin of the Account Holder(s) lying with the Broker or from any money(ies) realized from the sale of Securities or any other property held by the Broker as margin or security and the Broker shall have an unfettered right and power to sell, transfer and dispose off such assets and/or the margin or security as the Broker may deem fi e net amount so realized shall be appropriated towards the total or partial adjustment, as

13.

e Account Holder(s) shall have a right to obtain a copy of his/her/their ledger 19statement under offi cial seal and signature of the Broker or his authorized representative on monthly basis and otherwise as and when required by the Account Holder(s)’ at a reasonable cost to the Account Holder(s). In case of any discrepancy in the ledger statement, the Account Holder(s) shall inform the Broker within 1 (one) day of receipt of the ledger statement to remove such discrepancy.

BIPLSecurities Limited

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

5

e Account Holder(s) will immediately notify BIPL Direct of any loss, theft or unauthorized use of his/her/their/its account number

e Account Holder(s) shall immediately notify any change in his/her/its/their email or other address as mentioned in the Application Form.

(vi) All risks connected and involved with Electronic/Online Trading will be assumed fully by the Account Holder(s). Neither the Broker (BIPL Securities Limited and BIPL Direct) nor any directors or offi cers would be responsible or liable in any manner for any losses or damages that may be suff ered by the Account Holder(s), including those due to the misuse of the Account Holder(s)’ Password or PIN,

hacking of lines, outages and slowdowns in the internet connection, breakdown of broker system and other third-party service breakdown and system error whether software-related or hardware-related and piracy of the Account Holder(s) information and aff airs by unscrupulous persons.

25.

(vii) BIPL Direct may at any time and from time to time require Additional Margin in the Account (in cash or Securities) before executing any Orders or undertaking any transactions through Online Trading Facility on account of the Account

e amount and timing may vary depending on factors solely at BIPL Direct’s discretion. BIPL Direct shall have the right to liquidate the Account Holder(s)’ trading position(s) if the Account Margin is insuffi cient at anytime.

(viii) BIPL Direct may at its discretion elect with or without notice to square off the Account Holder(s) Account and make all obligations in the Account immediately due and payable by the Account Holder(s) without assigning any reason. (See margin disclosure statement annexed hereto).

(ix) In case of any other instructions including (i) change of postal address, (ii) email address and/or (iii) PIN Code, written request along with signature of Account Holder and Joint Account Holder (if any) are mandatory.

e Broker shall not disclose the information of the transactions of the Account Holder(s) to any third party and shall maintain the confi dentiality of this information. However, in case any appropriate Court, Tribunal. Exchange, the Commission, the State Bank, the Investigating Agencies (such as NAB, FIA, ANF, etc.,) or the Federal or Provincial or Local Government(s) as the case may be, in exercise of its/their powers under the law require(s) any such information, the Broker shall be obliged to disclose the same for which the Account Holder(s) shall not raise any objection whatsoever. Additionally incase of hacking of internet lines or wrongful extraction of information online by unscrupulous persons, the Broker shall not be held liable for any manner whatsoever.

26. In case a Broker converts his corporate membership rights to individual membership and vice versa, or in case of merger of the Broker’s corporate membership with another entity, the agreement and conditions laid down herein above shall remain eff ective, unless otherwise mutually agreed by the parties,

27. Acceptable mode of communication between the Account Holder(s) and the Broker shall be through letter (courier/registered post/fax/E-mail) or by hand Subject to receipt/acknowledgment, as per the medium chosen by the Account Holder(s) in this Account

e onus of proving that the email has been received by the recipient e Broker may, however, at its discretion,

insist upon a particular mode of receiving instructions from the Account Holder(s) in one of the above mentioned modes of communication and shall be further at a liberty to record, tape or in any other manner store such instructions. Any voice recording made by the Broker shall constitute evidence of the communication so recorded for such instructions.

28. For online trading, acceptable mode of communication between the Account Holder(s) and the Broker shall be through E-mail only, which is the medium agreed between the

onus of proving that the E-mail has been received by the recipient shall be on the sender e Broker may, however, at its discretion, shall be further at a liberty

to record, tape or in any other manner store telephonic conversation with the Account Holder(s). Any voice recording made by the Broker shall constitute evidence of the communication so recorded for such instructions.

29. In case of change of address or contact numbers of either party, the concerned party e Account

Holder(s) further undertake(s) to promptly notify the Broker in writing of any change in the List of Authorized Person(s), as set out in this Account Opening Form. No change thereto shall be eff ective and the Broker shall be entitled to rely on the information pertaining to the Authorized Person(s) and the particulars, as recorded with the Broker without incurring any liability for doing so; until such time that the Broker is so notifi ed in writing along with the credentials and specimen signature(s) of the replacement Authorized Person(s).

27(a). All orders received telephonically and placed on KATS shall be supported by recording on dedicated telephonic lines, preferably connected with a computerized taping system so as the orders could possibly be sorted on UIN basis and made user friendly .

30. e Account can be closed by either party upon giving the other party 15 (fi fteen) days prior written notice to the other. Upon service of such notice, no further transactions of Securities will be executed by the Broker on Account of the Account Holder(s), except that all pending orders shall be executed and all settlement shall be made on the eff is is without prejudice to the right of the Broker to close the Account and to square off the Account Holder(s)’ position and recover all outstandings, dues, losses, etc., without any prior notice in event of non-payment or breach of any of the terms and conditions of this Agreement by the Account Holder(s).

e Account Holder(s) shall continue to be liable for any shortfall.

31. In the event of any disputes, diff erences or controversies arising out of the Agreement, including the interpretation of the terms hereof (“Disputes”), the same shall be referred to the sitting Chairman of the Exchange for the time being in Offi ce as the Sole Arbitrator. Once the Chairman enters upon reference, he will continue as the Sole Arbitrator for such Dispute(s), even after the expiry of his term as the Chairman of the Exchange. Provided further, if any offi cer/director of the Broker is the Chairman of the Exchange at the time of such Dispute(s) then the sole Arbitrator shall be the Vice Chairman of the Exchange for the time being in offi ce, who after entering upon reference will continue as the Sole Arbitrator (for such Dispute(s) even after the expiry

(v) BIPL Direct may electronically transfer delivery of confi rmation, statements and other notices in connection with Electronic/Online Trading. It shall be the responsibility of the Account Holder(s) to review, upon receipt of emails, confi rmation statements, notices margin and maintenance calls whether delivered by mail, email or electronic terminals at its own discretion. If the Password / PIN is disclosed to any third party the Account Holder(s) should immediately notify

OR

Titled account shall be operated only by ____________________________who shall be deemed as the Authorized Person for operating the joint account or issuing any instructions relating thereto.

e Broker shall be responsible to append a list of his authorized agents/traders and 22.designated employees, who can deal with the Account Holder(s), with this Account opening form and a copy of both the opening form and the list will be provided to the Account Holder(s). Any change therein shall be intimated in writing to the Account Holder(s) with immediate eff e Account Holder(s) shall not deal with any person at the Broker’s offi ce, except with the Broker’s authorized agents/traders and designated

e Broker shall not be responsible for any dealings between the Account Holder(s) and any unauthorized person.

e Broker shall debit the account of the Account Holder(s) for the commission charges or any other charges in connection with the brokerage services rendered, which shall be clearly detailed in the ledger statement/daily confi e Account Holder(s) agree(s) to pay such commission at such rates and on such basis as the Broker may from time to time advise to the Account Holder(s), either verbally or in writing or via email, in accordance with prescribed rates stipulated by the relevant Exchange or at such rates as the Broker may decide within the limits stipulated by the relevant Exchange. Besides, the Brokers may also be authorized to collect any levies, charges, taxes, rates, duties, including central excise duties, sales tax, etc., on each transaction as may be levied by the Federal, Provincial or Local Government(s), the Commission, the Exchanges and/or the CDC. In case any withholding tax is applicable on payments to be made to the Account Holder(s), the same shall be withheld in accordance with the pertinent laws, rules and regulations.

24.

Special Terms and Conditions for Online Trading

In case Online trading facility is allowed to the Account Holder(s), the following additional terms and conditions will become applicable:

e Broker shall be authorized to act on the instructions of the Account e Broker shall provide

confi rmation of the executed transactions by e-mail and may send written confi rmation of executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 7 above.

e Broker shall provide the confi rmation of the executed transactions to the Account Holder(s) as provided in Clause 5 above at the e-mail addresses given by the Account Holder(s) in the Account Opening Form as noted in Clause 28.

(iii) Online trading will be permitted through BIPL Direct, a Division of the Broker (BIPL Securities Limited), which will act as the Broker for the purpose of buying and selling securities, at the Pakistan Stock Exchange (Online Exchange) and wherever the term BIPL Direct is used in these Special Terms and Conditions for Online Trading, it shall deem to mean the Broker.

(iv) A Password or (Personal Identifi cation Number) PIN will be issued to the Account Holder(s) by BIPL Direct as the Account Holder(s) personal identifi cation Number or Code to enable the Account Holder(s) to have an

e Password/PIN may be communicated through E-mail or through any courier to the Account

e Account Holder(s) shall not disclose the Password/PIN to any person and shall take every reasonable precaution to prevent discovery of the Password/PIN by any other person.

23.

BIPL

32.

Margin Financing / Margin Trading / Securities Lending and Borrowing

e Broker shall not be responsible for arranging any fi nancing for the purpose of trading in Securities or acquisition of Securities by the Account Holder(s). However, in case margin fi nancing is available and the Account Holder(s) make(s) a request to the Broker to arrange for margin fi nancing under the Margin Trading Rules and / or the Margin Trading Regulations and / or any other laws rules and regulations that are applicable, the Broker may at its discretion endeavour to arrange such fi nancing for the Account Holder(s) in accordance with such prevailing laws, rules and regulations of the Stock Exchange and the SECP. Provided however the Broker does not guarantee that such fi nancing will be available. In case such fi nancing is arranged by the Broker upon the request of the Account Holder(s) the same shall be at the risk and the cost of the Account Holder(s) who shall execute appropriate documents and instruments and furnish such additional securities, as the Broker may at its discretion deem appropriate.

of his term). In case for any reason(s), the Stock Exchange and/or the Arbitration Committee thereof is/are unable to arbitrate upon the matter due to any legal infi rmity, the matter shall then be referred to arbitration by two Arbitrators, one to be appointed by each party and on the lack of consensus between the two Arbitrators, the matter shall be referred to an Umpire, to be selected by the two Arbitrators before the commencement of the reference in accordance with the Arbitration Act, 1940 or any

e decision of the Arbitration Committee of such Exchange or the Arbitrators or the Umpire, as the case may be, shall be fi nal and binding upon both

e Arbitration shall be held in accordance with Arbitration Act, 1940, as amended from time to time and the venue of Arbitration shall be Karachi.

31(a). In case any dispute in connection with the trade or transaction between the broker and the Account Holder is not settled amicably, either party may refer the same to arbitration in accordance with the provisions of General Regulations of the Exchange, which shall be binding on both the parties. �e Account Holder hereby agrees that he would have no objection if his name and other relevant particular are place on Exchange’s database accessible by members of the Exchange if he fails or refuses to abide by or carryout any arbitration award passed against him in his dispute with the Broker.

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

33

Trading in Future Contracts

(i) Trading in Future Contracts will be subject to the rules and regulations governing Future contracts of the Exchange, including any notices, instructions, circulars and decisions of the Governing Board of the Exchange.

(ii) At present, the Account Holder(s) shall place with the Broker a margin of ____% to undertake any transactions in Future, including Provisional Trading under

e margin shall be payable 50% in cash and the balance in shape of shares/securities acceptable to the Broker and the Exchange. Provided however, the Broker shall have the discretion to increase the quantum of the margin requirement as well as the cash component of the margin, whether at its own discretion or otherwise as may be prescribed by the Exchange from time to

e margin for trading in Future shall be in addition to the normal margin required to be placed by the Account Holder(s) with the Broker in accordance with the terms and conditions of this agreement or market practices.

(iii) In case of sales under Future Contracts, the Account Holder(s) undertake(s) to provide full delivery of shares before the closing of the relevant Future Contracts.

(iv) In addition to the above condition, the Account Holder(s) further unconditionally undertake(s) to timely pay the diff erential amount as and when called by the Exchange through declaration of special clearings.

GENERAL TERMS AND CONDITIONSGOVERNING SECURITIES CUSTODIAL SERVICES

A Securities Custodial Account (hereinafter referred to as the “Custodial Account”) may beopened and maintained with BIPL Securities Limited (“the Broker”) on the following Termsand Conditions.

e Broker will, at the request of the Account Holder, until the Account Holder notifi es the Broker to deal with the same, as instructed by the Account Holder, hold or procure to be held on behalf of the Account Holder, the Securities, which the Account Holder may from time to time purchase, acquire, subscribe, own, hold or intend to purchase.

e Broker undertakes and is authorized to:

(a) receive and hold Securities in safe custody in the Account Holder’s Custodial Account with the Broker, in the Account Holder’s Sub-Account and/or the Broker’s Main Account or House Account with Central Depository Company of Pakistan Limited (CDC) and/or otherwise hold in any manner and at any place all Securities that are subscribed, acquired, owned or purchased by the Account Holder or are intended to be received by or delivered to the Broker pursuant to any purchase orders placed by the Account Holder or contracts executed by the Broker on account of the Account Holder;

(b) exchange Securities in temporary form (i.e., letters of allotments, letters of rights) for like Securities in defi nitive form, exchange certifi cates if the par or nominal

6

For Margin Financing (MF), the following conditions shall be applicable:

a) MF shall be governed by the Securities (Leveraged Market and Pledging) Rules, 2011and any amendments and thereto or substitutions thereof or any other legal or regulatoryrequirements as applicable from time to time. �e account holder(s) undertake(s) toexecutethe TREC Holder’s standardized documents for such transactions, includingthose prescribed by SECP, PSX, NCCPL, etc.

b) MF contracts shall be for tenure not greater than the respective tenure prescribed bythe PSX from time to time or such other period as the TREC Holder may in its solediscretion determine.

c) �e minimum equity participation amount that the TREC Holder shall accept foreach MF contract shall not be lower than the limit prescribed by the NCCPL Regulations,2003, (Regulations) as amended and or modified time to time. However, the TREC Holder at its discretion can request for higher equity participation than what is prescribedin the Regulation.

d) In respect of MF transactions, the account holder(s) shall pay to the TREC Holdermark-up on financing computed at the rate as decided from time to time pro-rated to theactual number of days for which any amount is financed to or on account of accountholder(s). �e TREC Holder shall have the right to debit account holder(s)’ account forthe mark-up and the account holder(s) undertake(s) to pay the mark-up immediatelyupon demand from the TREC Holder without raising any issue.

e) �e purchase of the securities shall be carried out by the account holder(s) only inrespect of MF eligible securities as decided by the TREC Holder from time to time.�e account holder(s) accept(s) and acknowledge(s) that the TREC Holder has the solediscretion to limit the number of MF eligible securities for which it may wish to facilitatethe account holder(s), and the account holder(s) can only ask for facilitation of those MFeligible securities from the TREC Holder which the TREC Holder has short listed. Anychange to the MF eligible securities shall be effected immediately by the TREC Holderexcept where the MF securities contract already executed require otherwise.

f) In case of any corporate action such as dividend declaration or a rights announcementby a MF eligible security which has been financed by the TREC Holder, the rights shallremain vested with the account holder(s) and the TREC Holder shall not benefit fromsuch actions inspite of the securities being in its custody.

g) If there is any loss in the account holder(s)’ account due to mark-to-market (MTM)of the MF contract such losses shall be settled by the account holder(s) within onebusiness day.

h) �e TREC Holder is hereby authorized by the account holder(s) to mortgage, pledgeor hypothecate the securities deposited or bought on behalf of the account holder(s) bythe TREC Holder to the related financial institution for a sum not exceeding theoutstanding balance in the margin account, to the extent that the same is permissibleunder the applicable laws, rules and regulations.

i) �e account holder(s) unconditionally agree(s) that his/her/its/their securities may besold by the margin financier, in case of any default or margin call not being addressed asper the requirements of rules and regulations as applicable from time to time, in thecourse of financing.

j) Notwithstanding the conditions of clauses 2 and 6of the special terms and conditions, inthe event of default, failure, refusal or inability on part of the account holder(s) to repay thefinance or any outstanding mark-up thereon, the TREC Holder shall have the right to square-up and liquidate the position of the account holder(s) and sell all the securities held on accountof the account holder(s) upon one business day’s notice to the account holder(s). �e net saleproceeds so realized after deduction of TREC Holder brokerage, costs, taxes, duties, etc. shallbe applied towards adjustment of the outstanding owed by the account holder(s) to the TRECHolder. In case of any shortfall, the account holder(s) shall be liable to pay the same to theTREC Holder with late payment charges at the rate mentioned in clause 18 above, computedfrom the due date(s) of the outstanding amounts upto the date of actual realization by theTREC Holder.

k) It is hereby distinctly understood that the grant of the MF facility by the TREC Holder tothe account holders if subject to the provisions of the securities (Leveraged Markets andPledging) Rules 2011 with such variations and modifications as may be made from time totime, the account holder(s) has/have read, understood and agreed to abide by the provision ofthe said rules as well as other applicable rules and regulations. Further, all applicable procedures,prescribed documents, policies, notifications, rules, regulations, etc. issued or made by the StockExchange / NCCPL / Commission in respect of Margin Financing shall become applicable andbinding on the account holder(s) and the TREC Holder. If any fine is imposed or other adverseaction is taken by the Commission or the Stock Exchange or NCCPL against the TREC Holderdue to non-compliance of any of the provision of the said rules and/or any direction of theCommission or the Stock Exchange or NCCPL by the account holder(s) shall be liable to paythe same to the TREC Holder and indemnify and keep indemnified the TREC Holder againstall losses, costs, expenses, demands, proceedings and compensate the TREC Holder in allrespect to the full extent.

l) �e TREC Holder hereby discloses, and the account holder(s) acknowledge(s) that thetransaction and activity of MF has its inherent risks, and consequently, the account holder(s)by entering into this agreement accepts such risks. Such risks include but are not limited to,default risk, economic risk, market risk, regulatory risk, interest rate risk, priority rights of othercreditors in case of liquidation, and other force majeure events like terrorism, acts of God, civilcommotion, failure of communication and IT related systems downtime or other glitches, etc.

BIPLSecurities Limited

(d) sell, deliver or eff ect deliveries of the Securities sold by the Account Holder or on the Account Holder’s account, through the Broker or through other members of the Stock Exchange(s), to the counter-members of the Stock Exchanges or counter-parties and fulfi ll all requisite formalities of the Central Depositories Act, 1997 (the CDC Act) and the Central Depository Company of Pakistan Limited Regulations (CDC Regulations) and the Rules and Regulations of Pakistan Stock Exchange, as well as other pertinent off shore Stock Exchanges (collectively “theExchanges”);

(e) accept, receive, collect and realize dividends and profi ts payable on the Account Holder’s Securities, deposit the dividend warrants in the Account Holder’s bank account(s) and fulfi ll all procedures and formalities of the Account Holder’s bankers;

(f ) receive and transmit to the Account Holder notices of shareholders’ meetings, dividend notices and any other related information;

(g) sign in the Account Holder’s name and on behalf of the Account Holder all transfer deeds, documents, agreements or other instruments necessary for the transfer and/or registration in the Account Holder’s name in the books of Issuers and/or CDC and Securities that may be subscribed, purchased or acquired by the Account Holder or by Broker on behalf of the Account Holder from time to time and complete all procedures and formalities for such registrations;

(h) receive and realize on behalf of the Account Holder all benefi ts in respect of right issues or bonus shares/ securities, sign letters of rights, renounce letter of right, make payments for the right issues on the Account Holder’s account and fulfi ll all requisite formalities for availing the benefi ts of the right Issues or bonus issues in respect of any Securities held by the Broker on account of the Account Holder;

(i) move Account Holder’s Securities to the Broker’s Main Account and/or pledge the Account Holder’s Securities in favour of any Eligible Pledgee(s) and in particular, the Exchange(s), at its sole discretion including for the purposes of meeting the Account Holder’s margin and/or exposure commitments on trading in accordance with Section 12 of the CDC Act and the CDC Regulations, as may be amended and/or substituted from time to time;

(j) move/handle the Account Holder’s Securities from his Sub-Account and/or from the Broker’s Main/House Account from time to time, including for settlement purposes, dispose them off at any time without any notice to the Account Holder and apply the net proceeds thereof towards the adjustment of the Account Holder’s outstanding(s) that may be due directly or indirectly to the Broker, including under normal settlements as well as against the Account Holder’s losses and exposures;

(k) sign in the Account Holder’s name and on behalf of the Account Holder withdrawal request form and other instruments and forms necessary for issuance of defi nitive share certifi cates in respect of the Book-Entry-Securities withdrawn from CDC;

(I) act through any of its offi cers or other employees and delegate to any other person or entity, as it may select and confer any of the powers contained herein, in connection with the Custodial Account;

(m) fi ll in and sign on behalf of the Account Holder any and all forms of agent or broker (purchase or sale forms) pursuant to the Account Holder’s instructions for sale or purchase of Securities; and

(n) exercise its discretion without any responsibility to the Broker as regards any action that may, in its opinion, seem advisable or expedient in the Account Holder’s interest, if it could not be possible to obtain the Account Holder’s instructions or if in its opinion, it would involve undue delay or expense to obtain such instruction.

e Broker is not obligated to attend any meeting of holders of securities in the Custodial Account or vote thereat or exercise any rights conferred, or perform any obligations imposed, by reason of holding securities in the Custodial Account or to forward to the Account Holder any proxies, annual reports or other fi nancial statements relating to the securities in the Custodial Account, received by the Broker or to give notice to the Account Holder of such receipt.

3. With regard to any purchase of Securities made by the Account Holder, the Broker will not be liable to the Account Holder in any way whatsoever if the seller (or its agent or broker) of the relevant securities fails to make good valid or timely delivery to the Broker of the relevant securities and whether or not payment thereof by the Account Holder or by the Broker on the Account Holders’ behalf has been made.

securities.

e Account Holder acknowledges that the Broker’s sole responsibility with regard to the proceeds of any sale of securities made by the Account Holder is to receive payment by way of cheque, bank draft or in any other appropriate form of such proceeds from the purchaser (or its agent or broker) of the relevant

value of any Securities is changed, and/or where Securities are exchanged to conform with changes in the corporate names of the issuers or the merger of two or more issuers;

(c) do all things with regard to the registration of Securities in the name of the Account Holder (or where authorized by the Account Holder, in the name of the Broker, if legally possible), and with regard to sale or purchase of Securities made by the Account Holder or made on its behalf, the disposal of or payment to the Account Holder of the proceeds of sale of Securities, including any letters of rights issue bonus or other rights accruing in respect of Securities or any matter aff ecting Securities in the Custodial Account, as the Account Holder may from time to time instruct the Broker to do;

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

PROVIDED THAT the Broker will not be liable to pay to the Account Holder in any other manner any such payment made to the Broker by any Purchaser (or its agent or broker), nor the Broker will be liable if the payment obligation is not honoured by the banker upon whom any cheque, bank draft or any other

e Account Holder further acknowledges that the Broker may make delivery of the relevant securities contemporaneously with or before the receipt of such payment or purported payment in any case.

e Account Holder agrees and acknowledges that the Broker will not be responsible for any error, default, failure, neglect, delay or non-performance on the part of any broker or agent utilized by the Account Holder to eff ect purchase and/or sale orders of the Account Holder, nor will the Broker be liable for any ensuing loss incurred by reason of the above or any other causes.

(e) All purchases and sales of securities shall be made solely by the Account Holder and at the Account Holder’s own judgment and decision, the Broker is not under any duty to supervise the investment of, or to advise or make any recommendations to the Account Holder with respect to the sale of securities in the Custodial Account, or to advise or recommend the purchase of securities at any time. Any information or suggestion rendered by the Broker offi cers or other employees (whether at the Account Holder’s request or otherwise) is an expression of opinion only and not to be relied upon and the Broker shall not be liable for any consequence thereof.

e Broker may at its discretion deposit or lodge securities in the Custodial Account with any of its branches, any banks or other fi nancial institutions or any securities c1earing institutions (each such entity is herein after referred to as “sub-custodian”) as the Broker may select in its discretion, upon such sub-custodian’s customary terms and conditions or such other terms and conditions as may be approved by the Broker. With regard to securities in the Custodial Account deposited or lodged with any sub-custodian, the Broker may at any time discharge its obligations in relation there to by instructing such sub-custodian to hold at the Account Holder’s direct disposal such securities, dividends or interest thereon or proceeds of sale thereof.

e Broker is authorized to sign on behalf of the Account Holder and in the Account Holder’s name, place and stead, any declarations, affi davits, and certifi cates of ownership which may be required with respect to all dividends or other income on securities in the

e Broker is authorized from time to time to disclose the identity of the Account Holder to issuers of securities in the Custodial Account or their agents or broker without further consent from the Account Holder.

6. Securities in the Custodial Account are custodized at the Account Holder’s sole, risk and the Account Holder agrees to indemnify the Broker as harmless from and against any and all liabilities, damages, claims and other losses of any kind or nature whatsoever, including but not limited to those arising from fi re, theft etc., in respect of any securities held by the Broker for the Account Holder, except for the Broker’s gross negligence or willful default in which case the Broker’s liability shall not in any event exceed the market value of such securities as of the ascertained time of loss. It should be noted here that the Broker would not be liable for market risk in the period from the discovery of the loss till the settlement of the issue.

(b) Written advice of each securities transaction will be posted to the Account Holder as soon as practicable be notifi ed to the Account Holder(s) by the Broker, provided however, after the expiry of the trading period for any pertinent working day of the relevant Stock Exchange the Account Holder undertakes to

e Broker shall not be responsible for any failure or delay in sending such advice to the Account Holder.

e Broker may receive dividend cheques, bonus issues, right issues, notices, etc., directed to the Account Holder in the Broker’s care and the Broker is authorized to accept and open all mail as addressed.

e Broker shall be under no responsibility or liability for any reductions and/or deductions from any funds received by the Broker as payments, dividends, interest or proceeds of sales, in respect to exchange rates, taxes, levies, or otherwise or for any confi scation or other consequences to any such payments, dividends, interest or proceeds or to securities in the Custodial Account, at anytime arising from any event or circumstances including but not limited to such laws, regulations, decrees, edicts, executive orders or other mandates as may be issued by any government which might or could aff ect the same.

e Broker will (where such instructions are required under these General Terms and Conditions) act only upon written instruction furnished to the Broker by the Account Holder, for activities including custodial services

e Broker may rely and act upon any instructions or communications believed by it to be genuine and given to it in accordance with the condition 8 above by the Account Holder or by any person notifi ed by the Account Holder as authorized to give the same

e Broker shall not be responsible for any loss arising as a result of any error or ambiguity or forgery or fraud in transmission of any instruction or communication. All instructions to take or hand over delivery of securities to the Broker shall indicate an expiry date which is in line with Pakistan market practice.

10. A monthly (or such other periodical as the Broker may from time to time determine appropriate) statement of Account will be posted to the Account Holder. Each statement of Account will be conclusive and binding on the Account Holder if no written objection thereto is received by the Broker within 15 days after posting to the Account Holder. Where the Account Holder has directed the Broker to hold for the Account Holder all mail in relation to the Account, the Account Holder accepts that each statement will be conclusive and binding on the Account Holder.

7

8

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

e Account Holder will pay the Broker for its services in relation to the Custodial Account such fees, charges and gross commissions (including commission charged by any broker or agent utilized by the Broker) as the Broker may from time to time prescribe. In addition, all costs and expenses (including stamp-duty) incurred by the Broker and any sub-custodian in connection with the opening and operation of, and any transactions for, the Account will be

e Broker is irrevocably authorized to debit all such fees, charges, commissions and expensed to his/ their account(s).

e Account Holder agrees to indemnify and to hold the Broker and any sub-custodian harmless from and against any and all acts, claims, proceedings, demands, costs and expenses in connection with all or any of the matters or transactions herein stated or any breach by the Account Holder of any of these Terms and Conditions.

12. Subject to conditions below, the Custodial Account may be closed at any time at the option of either the Account Holder or the Broker by giving fi fteen days written notice. Upon such closing, all securities in the Custodial Account shall be returned to the Account Holder at the cost of the Account Holder provided that the Account Holder has discharged all outstanding liabilities and obligations in relation to the Custodial Account. IF:(i) the Account Holder fails to observe or perform any of these Terms and

Conditions;(ii) the Account Holder commits breach of any Terms and Conditions contained

or attached to the Account Opening form in respect of sale and purchase transactions in Securities through the Broker, as the Broker;

(iii) a petition is presented or other steps are taken for the bankruptcy or winding up of the Account Holder; and

(iv) any judgment debt is obtained against the Account Holder or any application is made for the appointment of a receiver, trustee or other offi cer in respect of all or any part of the business or assets of the Account Holder or any form of execution or attachment is levied or enforced upon or against any such assets, then the Broker may, without prior notice to or demand on the Account Holder, close the Custodial Account and the Broker shall not be obliged to return any Securities in the Custodial Account until all liabilities and obligations of the Account Holder are fully discharged.

e Broker shall not be under any liability on account of anything done by the Broker in good faith here under or in accordance with or in pursuance of any request or advice of the Account Holder or its consultants. Whenever pursuant to any provision of these conditions any notice, instruction or other communication is to be given by or on behalf of the Account Holder to the Broker, the Broker may accept as sufficient evidence thereof:(a) a document signed or purporting to be signed on behalf of the Account Holder

by such person or persons whose signature the Broker is for the time being authorized by the Account Holder to accept; or

(b) a message by any means herein authorized transmitted by the Account Holder by such person or persons whose messages the Broker is for the time being authorized by the Account Holder to accept and the Broker shall not be obliged to accept any document or message signed or transmitted or purporting to be signed or transmitted by any other person.

e Broker shall not be liable to the Account Holder for any error of judgment or loss suff ered by the Account Holder in connection with the subject matter of the Broker custodial services hereunder or any matter or thing done or omitted to be done by the Broker in pursuance hereof (including, in particular, but without limiting the foregoing,

securities, stock broker or member of a stock exchange, with whom or in which the moneys of the Account Holder are from time to time invested or deposited or who is supposed to aff ect or obtain delivery of securities and or generally in relation to the purchase, holding or sale of the securities), howsoever any such loss may have occurred unless such loss or disadvantage arises from negligence, bad faith, fraud or willful default in the performance or non-performance by the Broker or persons designated by it of its obligations or duties.

15. In the event of any confl ict between these General Terms and Conditions Governing Securities Custodial Services and the Terms and Conditions contained in the Broker’s attached Account Opening Form, the Terms and Conditions contained herein shall prevail, insofar as they relate to the Custodial Services to be provided by the Broker.

16. For the avoidance of doubt it is hereby agreed and declared that reference to the Broker in conditions 13 and 14 shall be deemed to include the offi cers, servants and authorized delegates of the Broker.

any loss following upon or arising out of any failure to eff ect or any delay in eff ecting any transaction and loss, delay, misdelivery or error in transmission of any communication or of the bankruptcy or insolvency or of a failure to pay by and, institution, country, governmental department, authority, company or person, including any seller of

e services of the Broker hereunder shall not be exclusive and the Broker shall be free to render similar services to others.

ese Terms and Conditions shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan.

ese Terms and Conditions shall be binding on the successors and assignees of the Account Holder (and where applicable the heirs, executors and administrators of the Account Holder).

21. I/We hereby accept unconditionally, the Special Terms and Conditions (attached herewith) for the sale and purchase of Securities and for maintaining my/our account. I/We also hereby accept unconditionally, the General Terms and Conditions Governing Securities Custodial Services. Both the Terms and Conditions have been read, understood and signed by me/us in acceptance thereof. I/We hereby undertake to abide by all the Terms and Conditions and to discharge my/our contractual and legal obligations refl ected or envisaged therein whether express or implied. Signed copy of the Terms and Conditions is annexed to this Account Opening Form and this Account Opening Form together with the signed copies of both the above noted Terms and Conditions and Power of Attorney in favor of the Broker shall constitute a binding legal contract between the Broker and myself/ourselves upon acceptance by the Broker.

20. Where the Account Holder comprises of more than one person, all obligations and liabilities in relation to the Custodial Account or under these Terms and Conditions shall be joint and several.

2. I/We, the Account Holder(s) understand(s) that the shares trading business carries risk and subject to the due diligence on part of the Broker I/we may incur losses for

e Account Holder(s) further acknowledge(s) that the prices of the Securities do fl uctuate abruptly and instantly and investments in Securities may experience abrupt upward and

e Broker shall not be liable for any fl uctuations in the prices of Securities due to purchase and sale on the day of the transaction and the net price mentioned in confi rmation shall be accepted as concluded fi nal price and shall be binding upon the Account Holder(s) and the Broker.

3. I/We, the Account Holder(s) further confi rm that all information given in this application is true and complete and hereby authorize the Broker to verify any information mentioned above from any sources deemed appropriate by the Broker.

4. I/We further agree that the Broker may in its sole discretion, alter, amend, modify or replace its standard terms and conditions, after giving three days advance notice and such amended/modifi ed or substituted terms and conditions shall be binding upon us and stand incorporated as part of all the sale/purchase contracts, as the case maybe.

1. I/We, the Account Holder(s) acknowledge receipt of this Account Opening Form (signed here by me/us in Duplicate) along with the copies of all the annexures and I/we, the Account Holder(s) also undertake that I/we have read and understood all the above terms and conditions of this agreement which are acceptable to me/us.

ACKNOWLEDGEMENT

I/WI/WI/ E WE W AGAGA REE TO THE ABOVOVO EVEV TERMS ANANA D CONDITIONS AND SIGN IN ACCEPTANCE

ACCOUNT HOLDER JOINT ACCOUNT HOLDER

FOR BIPL SECURITIES LIMITED

SIGNATURE OF AUTHORIZED SIGNATORY

NAME

ETADNOITANGISED

WITNESS 2

NAME

CNIC/Passport No.

SIGNATURE

WITNESS 1

NAME

CNIC/Passport No.

SIGNATURE

NAME

SIGNATURE

NAME

SIGNATURE DATE DATE

BIPLSecurities Limited

OCCUPATIONAL DETAILS (to be fi lled by Account Holder)

NAME OF COMPANY

DESIGNATION

NATURE OF OCCUPATION SALARIED BUSINESSMAN SELF-EMPLOYED

NATURE OF BUSINESS (please specify)

BUSINESS / EMPLOYMENT TENURE YEARS

MONTHS

MONTHLY INCOME (IN PAK RUPEE) GROSS INCOME

NET INCOME

OTHER INCOME

OCCUPATIONAL DETAILS (to be fi lled by Joint Account Holder)

NAME OF COMPANY

DESIGNATION

NATURE OF OCCUPATION SALARIED BUSINESSMAN SELF-EMPLOYED

NATURE OF BUSINESS (please specify)

BUSINESS / EMPLOYMENT TENURE YEARS

MONTHS

MONTHLY INCOME (IN PAK RUPEE) GROSS INCOME

NET INCOME

OTHER INCOME

PERSONAL INFORMATION (to be fi lled by Account Holder)YOUR CURRENT RESIDENCE IS

OWNED RENTED MORTGAGED PARENTS COMPANY PROVIDED

TYPE OF ACCOMMODATION

HOUSE APARTMENT PORTION OTHER RESIDING SINCE

MARITAL STATUS SINGLE MARRIED

QUALIFICATION

MATRIC / ‘O’ LEVELS INTER / ‘A’ LEVELS BACHELORS MASTERS AND ABOVE

SOURCE OF FUND INVESTED IN STOCK MARKET

LOANED / BORROWED OWN INVESTMENT COLLECTIVE INVESTMENT

PERSONAL INFORMATION (to be fi lled by Joint Account Holder)YOUR CURRENT RESIDENCE IS

OWNED RENTED MORTGAGED PARENTS COMPANY PROVIDED

TYPE OF ACCOMMODATION

HOUSE APARTMENT PORTION OTHER RESIDING SINCE

MARITAL STATUS SINGLE MARRIED

QUALIFICATION

MATRIC / ‘O’ LEVELS INTER / ‘A’ LEVELS BACHELORS MASTERS AND ABOVE

SOURCE OF FUND INVESTED IN STOCK MARKET

LOANED / BORROWED OWN INVESTMENT COLLECTIVE INVESTMENT

9

ACCOUNT HOLDER SIGNATURE JOINT ACCOUNT HOLDER SIGNATUREATUREA REVIEWED BY

KNKNK OWOWO YOYOY UR CUSTOMER

KYC - CHECKLIST

REFERENCE (for Account Holder)

REFERENCE NAME

RELATIONSHIP

ADDRESS (RESIDENCE)

)SER( LET.ON CINC

LLEC)FFO( LET

REFERENCE (for Joint Account Holder)

REFERENCE NAME

RELATIONSHIP

ADDRESS (RESIDENCE)

)SER( LET.ON CINC

LLEC)FFO( LET

CONTACT DETAILS (For offi cial use only)

LANDLINE NO. CNIC NO. CELL NO.

ADDRESS RES ADDRESS OFFICE PASSPORT (in case of foreigner)

NATIONALITY EMAIL ADDRESS OBTAIN BUSINESS CARD

CONTACT DETAILS (For offi cial use only)

LANDLINE NO. CNIC NO. CELL NO.

ADDRESS RES ADDRESS OFFICE PASSPORT (in case of foreigner)

NATIONALITY EMAIL ADDRESS OBTAIN BUSINESS CARD

REMARKS

BIPLSecurities Limited

RISK DISCLOSURE DOCUMENT(TO BE GIVEN BY THE BROKERS TO THEIR CUSTOMERS)

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�is Risk Disclosure document is prescribed by the Pakistan Stock Exchange Limited (PSX) under Clause 13(1) of the SecuritiesBroker (Licensing and Operations) Regulations, 2016. �is document contains important information relating to various types of risks associated with trading andinvestment in financialproducts (equity securities, fixed income instruments, derivatives contracts etc.) being traded at PSX. �e customers should carefullyread this document before opening trading account with a broker. In case a customer suffers negative consequences or losses as a result of trading/investment, he/she shall be solely responsible for thesame and PSX or Securities and Exchange Commission of Pakistan (SECP) shall not be held responsible/liable, in any mannerwhatsoever, for such negative consequences or losses. �e customers must acknowledge and accept that there can be no guaranteed profit or guaranteed return on their invested capitaland under no circumstances a broker can provide customers such guarantee or fixed return on their investment in view of the factthat the prices of securities and futures contract can fall as well as rise depending on the market conditions and performance of thecompanies. Customers must understand that past performance is not a guide to future performance of the securities, contracts ormarket as a whole. In case the customers have any doubt or are unclear as to the risks/information disclosed in this document, PSXstrongly recommends that such customer should seek an independent legal or financial advice in advance. PSX neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness,accuracy and adequacy of the information contained in this document as this document discloses the risks and other significantaspects of trading/investment at the minimum level. PSX does not provide or purport to provide any advice and shall not be liableto any person who enters into a business relationship with a broker based on any information contained in this document. Anyinformation contained in this document must not be construed as business/investment advice in any manner whatsoever.

THE CUSTOMERS MUST BE AWARE OF AND ACQUAINTED WITH THE FOLLOWING:1. BASIC RISKS INVOLVED IN TRADING IN SECURITIES MARKET:

1.1 VOLATILITY RISK: Volatility risk is the risk of changes in the value of financial product in any direction. High volatility generally means that thevalues of securities/contracts can undergo dramatic upswings and/or downswings during a short period. Such a high volatility canbe expected relatively more in illiquid or less frequently traded securities/contracts than in liquid or more frequently traded one.Due to volatility, the order of a customer may not be executed or only partially executed due to rapid change in the market prices.Such volatility can also cause price uncertainty of the market orders as the price at which the order is executed can be substantiallydifferent from the last available market price or may change significantly thereafter, resulting in a real or notional loss.

1.2 LIQUIDITY RISK: Liquidity refers to the ability of market participants to buy and/or sell securities expeditiously at a competitive price and withminimal price difference. Generally, it is assumed that more the numbers of orders available in ci market, greater is the liquidity.Liquidity is important because with greater liquidity, it is easier for customers to buy and/or sell securities swiftly and with minimalprice difference and, as a result, customers are more likely to pay or receive a competitive price for their executed trades. Generally,lower liquidity can be expected in thinly traded instruments than in liquid or more frequently traded ones. As a result, order ofcustomer may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all.Under certain market conditions, it may be difficult or impossible for the customers to liquidate a position in the market at areasonable price, when there are no outstanding orders either on the buy side or on the sell side, or if trading is halted in a security/contract due to any reason.

1.3 SPECULATIVE TRADING RISK: Speculation involves trading of a security/contract with the expectation that it will become more valuable in a very near future.�ese transactions are attempted to make profit from fluctuations in the market value of securities, rather than fundamental valueof a security and/or underlying attributes embodied in the securities such as dividends, bonus or any other factor(s) materially affecting the price.Speculative trading results in an uncertain degree of gain or loss. Almost all investment activities involve speculative risks to someextent, as a customer has no idea whether an investment will be a blazing success or an utter failure. Day trading strategy is acommon example of speculative trading in which customers buy and sell the same security/derivative within the same day, suchthat all obligations are netted off and closed and no settlement obligations stand. �e customer indulging in a day-trading strategyneeds to be more vigilant and informed than the customers investing for a longer period, as market may not move during the dayas the day-trader originally anticipated, resulting in a loss to them.

1.4 RISK OF WIDER SPREAD: �e Bid-Ask spread is the difference between the offer price and bid price of a security/contract quoted by the Market Makers ortrading parties. �e size of spread is affected by a number of factors such as liquidity, volatility, free float (the total number of sharesoutstanding that are readily available for trading) etc. Generally, low liquidity, high volatility and low free float levels of a securitymay result in relatively wider Bid- Ask Spread. �e higher Bid-Ask spread can result in greater cost to customers.

1.5 RISK PERTAINING TO THE PRICE FLUCTUATIONS DUE TO CORPORATE ANNOUNCEMENT: �e corporate announcements by the issuers for the corporate actions or any other material information may affect the price of thesecurities. �ese announcements combined with relatively lower liquidity of the security may result in significant price volatility.

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1.7 SYSTEM RISK: High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at anypoint in the day causing delay in order execution or confirmation. During periods of volatility, on account of market participantscontinuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.

1.8 SYSTEMIC RISK: Systemic risk arises in exceptional circumstances and is the risk that the inability of one or more market participants to perform asexpected will cause other participants to be unable to meet their obligations when due, thereby affecting the entire capital market.

1.9 SYSTEM AND NETWORKING RISK: Trading on the PSX is done electronically, based on satellite/leased line based communications, combination of technologies andcomputer systems to place and route orders. All these facilities and systems are vulnerable to temporary disruption or failure, or anysuch other problem/glitch, which may lead to failure to establish access to the trading system/network. Such limitation may resultin delay in processing or processing of buy or sell orders in part only or non-processing of orders at all. As with any financialtransaction,the customer may experience losses if orders cannot be executed normally due to systems failures on the part of exchange or broker.�e losses may be greater if the broker having customers' position does not have adequate back-up systems or procedures. Accordingly,the Customers are cautioned to note that although these problems may be temporary in nature, but when the customers have outstandingopen positions or unexecuted orders, these limitations represent a risk because of obligations to settle all executed transactions.

1.10 RISK OF ONLINE SERVICES: �e customers who trade or intend to trade online should fully understand the potential risks associated with online trading. Onlinetrading may not be completely secure and reliable and may cause delay in transmitting information, execution of instructions due totechnological barriers. Moreover, the customer acknowledges and fully understands that he/she shall be solely responsible for anyconsequences arising from disclosure of the access codes and/or passwords to any third person or any unauthorized use of the accesscodes and/or passwords.

1.11 REGULATORY/LEGAL RISK: Government policies, rules, regulations, and procedures governing trading on the exchange are updated from time to time. Suchregulatory actions and changes in the legal/regulatory ecosystem including but not limited to changes in tax/levies may alter thepotential profit of an investment. Some policies of the government may be focused more on some sectors than others there byaffecting the risk and return profile of the investment of the customers in those sectors.

2. RISKS IN DERIVATIVE AND LEVERAGE PRODUCTS: Derivative and leveraged trades enable the customer to take larger exposure with smaller amount of investment as margin. Such tradescarry high level of risk and the customers should carefully consider whether the trading in the derivative and leveraged products issuitable for them, as it may not be suitable for all customers. �e higher the degree of leverage, the greater the possibility of profit orloss it can generate in comparison with the investment involving full amount. �erefore, the customers should trade in the derivativeand leveraged products in light of their experiences, objectives, financial resources and other relevant circumstances.

�e customers, while making any investment decision in such securities/contracts, are advised to take into account such announce--ments. Moreover, the customers should be cautious and vigilant in case fake rumors are circulating in the market. �e Customersare advised to refrain from acting purely based on such rumors rather take well informed investment decision in light of all facts andcircumstances associated with such securities and their issuers.

1.6 RISK REDUCING ORDERS: �e customers can place orders for limiting the losses to certain amounts, such as Limit Orders, Stop Loss Orders, and Market Ordersetc. Customers must ask their brokers for detailed understanding of these order types. Customers must acknowledge that placementof such orders for limiting losses to certain extent may not always be an effective tool due to rapid movements in the prices of securitiesand, as a result, such orders may not be executed.

Derivative product namely Deliverable Futures Contract, Cash Settled Futures Contract, Stock Index Futures Contract and IndexOptions Contracts and leveraged products namely Margin Trading System, Margin Financing and Securities Lending and Borrowingare available for trading at stock exchange.�e customer transacting in the derivative and leveraged markets needs to carefully review the agreement provided by the brokers andalso thoroughly read and understand the specifications, terms and conditions which may include markup rate, risk disclosures etc.�ere are a number of additional risks that all customers need to consider while entering into derivative and leveraged markettransactions. �ese risks include the following:

(a) Trading in the derivative and leveraged markets involves risk and may result in potentially unlimited losses that are greater thanthe amount deposited with the broker. As with any high risk financial product, the customer should not risk any funds that thecustomer cannot afford to lose, such as retirement savings, medical and other emergency funds, funds set aside for purposes such aseducation or home ownership, proceeds from student loans or mortgages, or funds required to meet living expenses.

(b) All derivative and leveraged trading involves risk, and there is no trading strategy that can eliminate it. Strategies using combinationsof positions, such as spreads, may be as risky as outright long or short positions. Trading in equity futures contracts requires knowledgeof both the securities and the futures markets.

BIPLSecurities Limited(c) �e customer needs to be cautious of claims of large profits from trading in such products. Although the high degree of leveragecan result in large and immediate gains, it can also result in large and immediate losses.

( d) Because of the leverage involved and the nature of equity futures contract transactions, customer may feel the effects of his/herlosses immediately. �e amount of initial margin is small relative to the value of the futures contract so that transactions are 'leveraged'or 'geared'. A relatively small market movement will have a proportionately larger impact on the funds the customer has depositedor will have to deposit. �is may work against customer as well as for him/her. Customer may sustain a total loss of initial margin fundsand any additional funds deposited with the broker to maintain his/her position. If the market moves against his/her position ormargin levels are increased, customer may be called upon to pay substantial additional funds on short notice to maintain his/herposition. If the customer fails to comply with a request/call for additional funds within the time specified, his/her position may beliquidated/squared-up at a loss, and customer will be liable for the loss, if any, in his/her account.

(e) �e customer may find it difficult or impossible to liquidate/square-up a position due to certain market conditions. Generally,the customer enters into an offsetting transaction in order to liquidate/square-up a position in a derivative or leverage contract orto limit the risk. If the customers cannot liquidate position, they may not be able to realize a gain in the value on position or preventlosses from increasing. �is inability to liquidate could occur, for example, if trading is halted due to some emergency or unusualevent in either the equity futures contract or the underlying security, no trading due to imposition of circuit breaker or system failureoccurs on the part of exchange or at the broker carrying customers' position. Even if customers can liquidate position, they may beforced to do so at a price that involves a large loss.

(f) Under certain market conditions, the prices of derivative contracts may not maintain their customary or anticipated relationshipsto the prices of the underlying security. �ese pricing disparities could occur, for example, when the market for the equity futurescontract is illiquid, when the primary market for the underlying security is closed, or when the reporting of transactions in theunderlying security has been delayed.

3.2 CUSTOMERS RIGHTS AND OBLIGATIONS: �e customer must understand their rights and obligations as well as the rights and obligations of the brokers specified under the PSXRegulations and the Standardized Account Opening Form, Know Your Client Form, Standardized Sub-Account Opening Form of CDC,and Agreement(s) of Leveraged Products (Margin Trading System, Margin Financing and Securities Lending and Borrowing), whereapplicable, and any other applicable Rules, Regulations, Guidelines, Circulars etc. as may be issued by SECP and PSX from time to time.

(a) �e customers should ensure that they deal through the registered branch and with the registered Agents/Traders/Representatives of thebroker. �e customer shall also verify such details from the website of PSX and Jamapunji (www.jamapunji.pk);

(b) Customer at the time of establishing relationship with the brokers, should obtain a clear explanation of all brokerage, commission, feesand other charges for which customer will be liable to pay and these charges will affect net cash inflow or outflow;

(c) It is obligatory for the brokers to issue contract note, in either electronic form or hard copy, by next working day of trading. �e contractnote shall contain all information relating to trade execution including commission and charges applicable on the customers. In case contractnote is not issued, customer should inquire with broker immediately and in case the matter is not resolved, the same should be reported tothe PSX;

(d) �e customers should match the information as per the contract notes with the SMS/e-Alert received from CDC and/or NCCPL

and may also verify from the UIS facility from the website of NCCPL.

(g) �e customer may be required to settle certain futures contracts with physical delivery of the underlying security. If the customerhold position in a physically settled equity futures contract until the end of the last trading day prior to expiration, the customer shallbe obligated to make or take delivery of the underlying securities, which could involve additional costs. �e customer should carefullyreview the settlement and delivery conditions before entering into an equity futures contract.

(h) Day trading strategies involving equity futures contracts and other products pose special risks. As with any financial product,customers who seek to purchase and sell the same equity futures in the course of a day to profit from intra-day price movements("day traders") face a number of special risks, including substantial commissions, exposure to leverage, and competition withprofessional traders. �e customer should thoroughly understand these risks and have appropriate experience before engaging in daytrading. �e customer should obtain a clear explanation of all commission, fees and other charges for which he/she will be liable. �esecharges will affect net profit (if any) or increase loss.

3. GENERAL: 3.1 ASSETS HELD WITH BROKERS: �e customer should familiarize him/herself with the measures available for protecting from the risk of misappropriation or misuse of cashand securities held with the brokers. For such purpose, he/she may opt for UIN Information System (UIS) provided by National ClearingCompany of Pakistan Limited (NCCPL). �e customer should also provide correct mobile number/email address in order to receiveSMS/e-Alerts services being provided by the NCCPL and Central Depository Company of Pakistan Limited (CDC) on each trade andmovement of their securities.

Moreover, the customers should be aware of the protections given to money and securities deposited with the brokers, particularly in the event of a default by such broker or the broker's insolvency or bankruptcy. �e customer recognizes that in such default/insolvency/bankruptcy scenario, the customer may recover his/her money and/or property to such extent as may be governed by relevant PSXRegulations and/or local laws in force from time to time.

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I, the customer, hereby acknowledge that I have received this Risk Disclosure Document and have read and understood

the nature of all risks and other contents and information provided in this document.

Date

Signature of Broker Signature of Account Holder

Signature of Joint Account Holder

UNDERTAKING

BIPLSecurities LimitedAnnexure A

FATCA CUSTOMER QUESTIONNAIRE

Title of Account: _______________________________________________________ Form No._______________ Under SECP directives, Brokerage houses in Pakistan have registered with the U.S. Inland Revenue Services (IRS) and are required to comply with the FATCA and related regulations. BIPL Securities Limited is required to request certaininformation from certain persons who maintain an account at BIPL Securities Limited (whether such persons are U.S.taxpayer or not). Information collected will be used solely to discharge statutory requirements under laws applicable inPakistan and will not be used for any other purpose. In order to fulfill this requirement BIPL Securities Limited requires your duly filled in Form W-9 or W-8BEN and/or other forms of documentation that certifies your status (whether suchpersons are U.S. taxpayers or not), as applicable, declaring your tax status.

Please note that a failure to submit your tax form may force us to turn over (withhold) 30% of any U.S. sourcedtransactions to/from your account on a monthly basis directly to the IRS and/or closure of your account. �is processwill continue until such time that we receive your completed W-9 or W-8 form or other documentation to certify yourstatus, as applicable.

Are you a citizen or resident of the USA? YES NO

US Resident - tick the appropriate box: US Citizen Green Card Holder Tax Resident in U.S.

Country of Citizenship and/or Residency:-

Please state your country of birth:

Tax Identification Number (TIN):-

US Tax Payer Status: W-9 W-8BEN (US Person) (Non US Person for Tax Purposes)

I/We hereby certify that the information I have provided in this form is true, correct and complete, I/we confirm thatunder no circumstances shall BIPL Securities Limited, its employees or its contractors be liable for any direct, indirect,incidental, special, punitive or consequential damages that may result in any way from their reliance on the informationI/we have provided. I/We confirm that I/we have provided this information willingly without advice or help from BIPLSecurities Limited. I/We understand that providing false information, withholding relevant information or responding ina misleading way, may result in rejection of my application or other appropriate action taken against me. I/ we willindemnify/ hold harmless BIPL Securities Limited from any loss, claim, damages or liability arising or incurred by BIPLSecurities Limited in discharging its obligations under FATCA and/or as result of disclosure of account relatedinformation to the U.S. IRS (Tax Authorities).

I/We authorize BIPL Securities Limited to disclose information relevant to account and its operation to the concerned taxauthorities for the purpose of complying with laws of my/our country of tax residence.

Customer Name:(As per identity document)

Are you a citizen or resident of the USA? YES NO

US Resident - tick the appropriate box: US Citizen Green Card Holder Tax Resident in U.S.

US Tax Payer Status: W-9 W-8BEN US Tax Payer Status: W-9 W-8BEN

US Resident - tick the appropriate box: US Citizen Green Card Holder Tax Resident in U.S. US Resident - tick the appropriate box: US Citizen Green Card Holder Tax Resident in U.S.

Are you a citizen or resident of the USA? YES NO

Signature

DateCapacity of signature (please tick 1 box only)

Account Holder

Power of Attorney/ Mandate

Guardian

Other (please specify)

BIPLSecurities Limited

Annexure B

FATCA CUSTOMER QUESTIONNAIRE

Data Entry Officer Name: Signature Date:

Senior Officer Name: Signature: Date:

Title of Account: Form No.

INFORMINFORMINFOR AMAM TATA ION OF AUAUA THORISED SIGNATORY (FACTA US INDICATSIGNATORY (FACTA US INDICATSIGN ION) Please confirm the signatory's FACTA status by checking the relevant box by " "

Documentation Require

1. Is account holder a U.S. citizen or lawful permanentresident?

If yes, please provide form W-9

2. Is place of birth of account holder is in the U.S.? If yes, please provide form W-9 or W-8 BEN;and Non-U.S. passport/ID or similar documen--tation establishing foreign citizenship; and writtenexplanation regarding U.S. citizenship.

3. Is the account holder has a US address or US phonenumber?

If yes, please provide form W-9 or W-8 BEN;and Non-U.S. passport/ID or similar docum--entation establishing foreign citizenship; andtax residence certificate.

4.Will there be instructions to transfer funds to U.S.accounts or directions regularly received from a U.S.address?

If yes, pleaseprovide form W-9 or W-8 BEN;and documentary evidence establishing nonU.S. status.

5.Will there be address on file which is "in care of" or

"hold mail" or U.S. P.O.Box and/or U.S. telephonenumber?

If yes, please provide form W-9 or W-8 BEN;and documentary evidence establishing nonU.S. status.

Name:_____________________________________ Signature:________________________ Date:______________ (Assistant Operations Manager/Branch Operations Officer)

Name:_____________________________________ Signature:________________________ Date:______________ (Senior Officer Compliance)

Operations Department:

Customer Signatory/Client I.D.

FATCA Status:

Yes No

Yes No

Yes No

Yes No

Yes No

US person

Recalcitrant

Non-US Person

For Office Use Only

Annexure C

ERUTANGIS NEMICEPS.ON CINCSNOSREP DEZIROHTUA FO EMAN.ON.S

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To,BIPL Securities Limited,5th Floor, Trade Centre,I. I. Chundrigar Road,Karachi.

Re: Authorisation for Trading in Securities and operation of Account with BIPL Securities Limited

With reference to my/our equities Trading Account No. opened with you and pursuant to clause 14 of the special terms and conditions contained in your account opening form, I/we hereby jointly/severally authorize

(1 )Mr./Ms./Mrs. s/o, d/o, w/o, of Mr.

holding CNIC No.

and

(2) Mr./Ms./Mrs. s/o, d/o, w/o of Mr.

holding CNIC No. to operate my/our above account with BIPL Securities Limited with full power to Buy, Sell and Trade in securities (as defi ned in BIPL’s Account Opening Form) on my/our behalf and issue instructions for sale and purchase of securities and for trading in securities from time to time, to receive payments on my/our behalf again

st

securities sold by me/us or account by the authorized person(s) through BIPL, to deliver the securities to BIPL sold on my/our account, to make payments for securities purchased by the authorized person(s) on my/our account through BIPL and to generally represent me/us to BIPL and to deal with BIPL on my/our behalf in all matters pertaining to the Sale, Purchase and Trading in securities and/or maintenance and operation of the said account with BIPL.

I/we shall accept all instruction that may be eff ectuated by the said authorized person(s) jointly/severally without raising any disputes or issues and shall be fully responsible and liable for all actions, acts, things and deeds done or eff ectuated by the said authorized person(s).

e specimen signatures of the authorized person(s) are as follows:

LETTER OF AUTHAUTHA ORIZAZAZ TIOATIOA N

SIGNATURE(S) OF EXECUTANT(S) [Account Holder(s)]WITNESSES

.ON CINCEMAN

SIGNATURE

.ON CINCEMAN

SIGNATURE

.ON CINCEMAN

SIGNATURE

.ON CINCEMAN

SIGNATURE

CDC SUB-ACCOUNTOPENING FORM

(For official use of the Participant only)

Application Form No:

CDS Participant ID: 00364Sub-Account No:

Trading Account No:(if applicable)

(Sub-Accounts are opened and maintained by Participants in accordance with the CDC Regulations made pursuantto Section 4 of the Central Depositories Act, 1997)

Nature of Account Single Joint

(Please use BLOCK LETTERS to fill the form)I/We hereby apply for opening of my/our Sub-Account under the Account Family of BIPL Securit ies Limited (hereinafter referred to as “Participant”) maintained in the Central Depository System (“CDS”) of the Central Depository Company of Pakistan Limited (“CDC”). My/our particulars are given as under.

1. Full name of Applicant (As per CNIC / NICOP / Passport) MR. / MRS. / MS.

2. Father’s / Husband’s Name:

3. Contact Detail of Main Applicant:(a) Permanent Address:

(Address should be different from Participant’s address)

(b) Mailing Address:

(For resident Pakistani)

(*)(e) Email:Local Mobile No.(*)

(c) Contact No. Landline No:

4. Computerized National Identity Card No:

5. Expiry date of CNIC:6. NICOP No:

(For non-resident Pakistani)

7. Expiry date of NICOP:

Place of Issue:8. Passport details: Passport Number:

Date of Issue:(For a foreigner or a Pakistani origin) Date of Expiry:

9. Details of Contact Person: Contact Person is the Main Applicant or any of the Joint Applicant, please only provide the name below. In case of Attorney, please provide details in (a) to (h) below.

Note: Contact Person shall not be the person other than the Main Applicant, any one of the Joint Applicant or their Attorney. Where

(a) Name: MR. / MRS. / MS.

(b) Relationship/ association of the Attorney with the Main Applicant:

(c) Address:

(d) Computerized National Identity Card No:

(e) Expiry date of CNlC:

[Please tick ( ) the appropriate box]

10. Share holder’s Category: INDIVIDUAL

AGRICULTURIST BUSINESS HOUSEWIFE

BUSINESS EXEC.

OTHERS (specify)

STUDENT

SERVICE

RETIRED PERSON

PROFESSIONAL

11. (a) Occupation:HOUSEHOLD

INDUSTRIALIST

(b) Name of Employer / Business: (c) Job Title / Designation:

(d) Address of Employer / Business:

.At least one field must be mandatorily filled٭

Signatures:

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

A - REGISTRATION (AND OTHER) DETAILS OF MAIN APPLICANT

(d) Fax: (optional)

(optional) (g) Fax: (h) Email: (*)

Local Mobile No.(*)

(c) Contact No. Landline No:

1 BIPLSecurities Limited

1. Full name of Applicant (As per CNIC / NICOP / Passport) MR. / MRS. / MS.

2. Father’s / Husband’s Name:3. Permanent Address:

(Address should be different fromParticipant’s address)

5. Computerized NationaI Identity Card No:(For resident Pakistani)

6. Expiry date of CNIC:7. NICOP No:

(For non-resident Pakistani)8. Expiry date of NICOP:

9. Passport details:(For a Foreigner or a Pakistani origin)

Passport Number: Place of Issue:Date of Issue: Date of Expiry:

10. (a) Occupation:[Please tick ( ) the appropriate box]

[Please tick ( ) the appropriate box]

AGRICULTURIST BUSINESS HOUSEWIFE HOUSEHOLDRETIRED PERSON STUDENT BUSINESS EXEC. INDUSTRIALISTPROFESSIONAL SERVICE OTHERS (specify)

(b) Name of Employer / Business: (c) Job Title / Designation:

(d) Address of Employer / Business:

PERSONAL INFORMATION - JOINT APPLICANT NO.21. Full name of Applicant (As per CNIC / NICOP / Passport) MR. / MRS. / MS.

2. Father’s / Husband’s Name:3. Permanent Address:

(Address should be different from Participant’s address)

5. Computerized National Identity Card No:(For resident Pakistani)

6. Expiry date of CNIC:7. NICOP No:

(For non- resident Pakistani)8. Expiry date of NICOP:

9. Passport details:(For a Foreigner or a Pakistani origin)

Passport Number: Place of Issue:

Date of Issue: Date of Expiry:

10. (a) Occupation:AGRICULTURIST BUSINESS HOUSEWIFE HOUSEHOLDRETIRED PERSON STUDENT BUSINESS EXEC. INDUSTRIALISTPROFESSIONAL SERVICE OTHERS (specify)

(b) Name of Employer / Business: (c) Job Title / Designation:(d) Address of Employer / Business:

PERSONAL INFORMATION - JOINT APPLICANT NO. 31. Full name of Applicant (As per CNIC / NICOP / Passport) MR. / MRS. / MS.

2. Father’s / Husband’s Name:3. Permanent Address:

(Address should be different from Participant’s address)(c) Email:

5. Computerized National Identity Card No:(For resident Pakistani)

6. Expiry date of CNIC:7. NICOP No:

(For non- resident Pakistani)

8. Expiry date of NICOP:

Place of Issue:9. Passport details: Passport Number:

(For a Foreigner or a Pakistani origin) Date of Issue: Date of Expiry:BUSINESS HOUSEWIFE HOUSEHOLD

10. (a) Occupation:[Please tick ( ) the appropriate box] STUDENT BUSINESS EXEC. INDUSTRIALIST

SERVICE OTHERS (specify)(b) Name of Employer / Business: (c) Job Title / Designation:(d) Address of Employer / Business:

Signatures:

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

B - REGISTRATION (AND OTHER) DETAIL OF THE JOINT APPLICANT(S)PERSONAL INFORMATION - JOINT APPLICANT NO. 1

(b) Fax:(optional)

AGRICULTURISTRETIRED PERSONPROFESSIONAL

(c) Email:

Local Mobile No.(*)

4.(a) Contact No. Landline No: (b) Fax: (optional)

(c) Email:Local Mobile No.(*)

4.(a) Contact No. Landline No: (b) Fax: (optional)

Local Mobile No.(*)4. (a) Contact No. Landline No:

2

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

C - OTHER INFORMATION

[Please tick ( ) the appropriate box]

[Please tick ( ) the appropriate box]

[Please tick ( ) appropriate box]

Please tick ( ) the appropriate box

1. Dividend Mandate If yes, please provide following details:

(a) Account Title: (b) Account No:

(c) Name of Bank: (d) Branch:

(e) Address:

2. National Tax No:

3. Nationality:

4. Residential Status Non-RepatriableResident Non-Resident Repatriable

Pakistani

Pakistani Origin

Foreign National

5. If you are maintaining any Special Convertible Rupee Account (“SCRA”), please provide details in (a) to (c):

(a) SCRA Account No: (b) Bank Name:

(c) Branch Details:

6. Zakat Status:

(If, according to the Fiqh of the Applicant(s), Zakat deduction is not applicable, then relevantDeclaration on prescribed format shall be submitted with the concerned Issuer and theParticipant)

Muslim Zakat payable

Muslim Zakat non-payable

Non-Muslim

Not Applicable

(a) Name of Nominee:

(b) Father’s/Husband’s Name:7. Particulars of nominee (Optional but if desired, nomination should only be made In case of sole individual and not joint account)

(c) Relationship with Main Applicant:Spouse Father Mother

Brother Sister Son*

* Including step or adopted childDaughter*

(d) Address:(e) CNIC No:(in case of a resident Pakistani)

(f) Expiry date of CNIC:(g) NICOP No: (in case of a non-resident Pakistani)

(h) Expiry date of NICOP:

Passport Number:

Place of Issue:(i) Passport details:(In case of a foreigner or a Pakistani origin) Date of Issue:

Date of Expiry:

[In case of death of Sub-AccountHolder: Nomination may be made in terms of requirements ofSection 80 of the CompaniesOrdinance, 1984, which inter aila requiresthat person nominated as aforesaid shall not be a personother than the following relativesof the Sub-Account Holder,namely: a spouse, father, mother,brother, sister and son or daughter, including a step or adopted child.]

(j) Contact No:

(I) E-mail: (optional)

(k) Fax: (optional)

Yes No

Signatures:

D. CDC SMS / IVR/ WEB SERVICES (“CDC access”)

Short Messaging Service (SMS) Mobile No.( + ) + of Contact Person as provided in Part A or Part B of this Form, as the case may be.eAlert / eStatement Service )Email Address ( +

YesYes

MonthlyQuarterly

2. Do you wish to subscribe to free of cost IVR Service? [Please tick () the appropriate box]

1(b). If you have subscribed for eStatement, please specify the frequency of eStatement: [ Please tick () the appropriate box]

3. Do you wish to subscribe to free of cost Web Service? Please tick () the appropriate box]

4. If you are subscribing to IVR and/or Web Service, please provide following details of your Contact Person:

(a) Date of Birth (DD / MM / YYYY)

(b) Mother’s Name: (c) Email Address (of Contact Person as provided in Part A or Part B of this Form, as the case may be):

NoNo

CDC provides FREE OF COST services under CDC access whereby sub-account holders can have real time access to their account related information.

1(a). SMS or eAlert / eStatement is a mandatory service, where alerts are sent whenever certain activities take place in a sub-account. eStatement is a service where your account balance statement will be electronically transmitted to your email address. Please subscribe to either SMS or eAlert/ eStatement service as a mandatory requirement. You can also subscribe to both the services

3 BIPLSecurities Limited

1. Signatory(ies) to give instruction to the Participant pertaining to the operations of the Sub-Account.

Names of Signatory(ies) Specimen Signatures

(Please specify sub- account operating instructions in therelevant column along with names and specimensignatures of authorised signatories)

Jointly [any]

Either (Singly) or Survivor

(a)

(b)

(c)

(d)

2.Sub-Account Operating Instructions:[Please ( ) appropriate box] Any other

Attorney

Please specify:

The following information is required to be verified by the Bank Manager only where the Main Applicant is maintaining bank account:

Particulars of Main Applicant:

Bank Account Title:

Bank Account No: CNIC No.

Address of Applicant:

Signature of Applicant:

We do hereby verify the above particulars and signature of our above account holder:

Particulars of Bank & Bank Manager / Authorized Officer:

Bank

Banker Name

Email:

Bank Branch

Contact No(s):

Signature & Rubber Stamp

Note: Please note that above shall serve as a one-time fixed authorization to the Participant for handling of Book-entry Securities owned by the undersigned Sub-Account Holder(s) and entered in his/her/their Sub-Account maintained with the Participant. Handling of Book-entry Securities for all other purposes should however require specific authority in writing from the undersigned Sub-Account Holder(s) in favour of the Participant. For handling of Book-entry Securities worth Rs. 500,000/- and above, the above mentioned specific authority shall be obtained on non-judicial stamp paper.

Signatures:

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

E - SUB-ACCOUNT OPERATING INSTRUCTIONS

F - BANK VERIFICATION

AUTHORIZATION UNDER SECTIONS 12 AND 24 OF THE CDC ACT EXCLUSIVELY FOR SETTLEMENT OFUNDERLYING TRADES INCLUDING PLEDGE AND RECOVERY OF CHARGES AND LOSSES

G -

4

I/we the undersigned, hereby give my/our express authority to the Participant under Section 12 and Section 24 of the Central DepositoriesAct, 1997 to handle Book-entry Securities beneficially owned by me / us and entered in my / our Sub-Account maintained with the Participantfor securities transactions that are exclusively meant for the following purposes:

a For settlement of any underlying market transactions (trades) including off market transactions made by me / us from time to time;b For pledge securities transactions with any Stock Exchange or a Clearing Company relating to any of my / our underlying market transactions (trades) to be settled through the Clearing Company from time to time:ba. For, where applicable, pledging of my/our securities only with a Stock Exchange in accordance with the requirement of regulations of such Stock Exchange for meeting any shortfall on the margin and/or mark-to-market losses requirements of the Participant and/or other Sub-Account Holders of the Participant c. For the recovery of payment against any underlying market purchase transactions made by me / us from time to time.d. Movement by me / us from time to time of my / our Book-entry securities from my / our Sub-account under the Main Account under the control of the participant to my / our Sub-account under another Main Account under the control of the Participant or to my / our Sub-account under any Main Account which is under the control of another participant or to my / our Investor Account:e. Securities transaction which has been made by way of a gift of securities by me / us to my / our family members or other persons in according with the CDC regulations from time to time:f. Securities transactions pertaining to any lending or borrowing of Securities made by me / us from time to time in accordance with the CDC Regulations:g. For the recovery of any charges or losses against any or all of the above transactions carried out by me / us or services availed. and / orh. Delivery Transaction made by me / us for any other purposes as prescribed by the commission from time to time.

Specific authority on each occasion shall be given by me / us to the Participant for handling of Book-entry Securities beneficially owned by me / us forall other purposes as permitted under the applicable laws and regulations.

The Terms and Conditions set herein below shall govern the Sub-Account forming part of the Accounts Family of the CDS Participant Account of the Participant, which shall be binding on the Sub-Account Holder as well as the Participant:

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

TERMS AND CONDITIONS

Provisions of the Central Depositories Act, 1997 (“the Act”) and the Central Depository Company of Pakistan Limited Regulations (“the Regulations”) as amended from time to time and the CDC’s Operating Manual/Operating Instructions developed and issued pursuant thereto from time to time and any other by-laws, directives of the Securities and Exchange Commission of Pakistan issued from time to time, shall govern the opening, maintenance and operations of the Sub-Account,

Each page of this form should be duly signed by the Applicant (and joint applicants if any) and the Participant or any authorized person of the Participant.

The Participant shall ensure provision of copies of all the relevant laws, rules and regulations at his o�ce for access to the Sub-Account Holder(s) during working hours.

The Participant shall provide a list of his authorized agents/traders and designated employees, who can deal with the Sub-Account Holder(s) from time to time. Any change(s) therein shall forthwith be intimated in writing to the Sub-Account Holder(s).

The Registration Details and such other information speci�ed by the Applicant in this form for opening of the Sub-Account appear in the Sub-Account to be established by the Participant in the Central Depository System who shall ensure the correctness and completeness of the same. Any change therein noti�ed by the Sub-Account Holder from time to time in writing to the Participant shall re�ect in the Sub-Account of such Sub-Account Holder.

The Book-entry Securities owned by the Sub-Account Holder shall be exclusively entered in the Sub-Account of such Sub-Account Holder.

or additional terms which appear on any agreement or form the Sub-Account Holder(s) has executed in favour of the Participant.

Transfer, Pledge and Withdrawal of Book-entry Securities entered in the Sub-Account of the Sub-Account Holder shall only be made from time to time in accordance with theauthorization given by the Sub-Account Holder to the Participant in Part (G) above pursuant to Section 12 and 24 of the Act. Such authorization shall constitutes the congregated / entire authorizations by the Sub-Account Holder(s) in favour of the Participant and supersedes and cancels all prior authorizations (oral, written or electronic) including any di�erent, con�icting

of Sub-Account,

Participant shall be liable to give due and timely e�ect to the instructions of the Sub-Account Holder given in terms of the above-referred authorization with respect to transfer,pledge and withdrawal of Book-entry Securities entered in his Sub-Account under the control of the Participant. Such instructions, among other matters, may include closing

Participant shall send within 10 days of end of each quarter Account Balance statement to the Sub-Account Holder without any fee or charge showing the number of everyBook entry Security entered in his Sub-Account as of the end of the preceding quarter. Such Account Balance statement shall be generated from the CDS. Further, theSub-Account Holder may request for such statement (including Account Activity reports) from the Participant at any time on payment of a fee on cost basis as prescribed bythe Participant. The Participant shall be liable to provide such report/statement to the Sub-Account Holder within 3 Business Days from the date of receipt of such request,with or without charges.

for availing such facilities and services under the Act, the Regulations and these Terms & Conditions. In case of outstanding payment against any underlying market purchase transaction,In consideration for the facilities and services provided to the Sub-Account Holder by the Participant, the Sub-Account Holder shall pay fees and charges to the Participant as applicable

charges and/or losses against the Sub-Account Holder, the Participant shall have the right, subject to Clause 7 above and under prior intimation to the Sub-Account Holder to clear thepayment, charges and/or losses ( includ ing any shortfa ll in margin re quirements) within the reasonable time prescribed by the Participant, to dispose o� the necessarynumber of Book entry Securities of the Sub-Account Holder and apply the net proceeds thereof towards the adjustment of such outstanding payment, charges and/or losses, providedthat the Participant shall report the disposal of such Securities to the relevant Stock Exchange as an o�-market transaction where the Securities are transferred from the Sub-Account tothe House Account of the Participant.

Participant shall have the right, subject to 20 Business Days prior written notice to the Sub-Account Holder to close the Sub-Account if it becomes dormant with no holding balances.No Sub-Account shall be treated as dormant unless there is no activity for continuous six months.

Where admission of Participant to the CDS is suspended or terminated by the CDC, the Sub-Account Holder shall have the right, subject to the Regulations and the Proceduresmade thereunder, to request CDC to change his Controlling Account Holder and Participant shall extend full cooperation to the Sub- Account Holder in every regard, withoutprejudice to his right of recovery of any dues or receivable from the Sub-Account Holder.

In case of a Joint Account, all obligations and liabilities in relation to this Sub-Account or under these Terms and Conditions shall be joint and several.

These Terms and Conditions shall be binding on the Participant’s nominee, legal representative, successors in interest and/or permitted assigns.

In the event of any con�ict between these Terms and Conditions and the terms and conditions contained in Trading Account Opening Form or any other forms/authorizationsprescribed by the Participant or otherwise, the Terms and Conditions contained herein shall prevail, insofar as it is related to the custodial services to be provided by the Participantunder the legal framework of CDC.

The provision of services as provided for hereunder shall not constitute Participant as trustee and the Participant shall have no trust or other obligation in respect of the Bookentry Securities except as agreed by the Participant separately in writing.

The Participant is not acting under this application form as Investment Manager or Investment Advisor to the Sub-Account Holder(s).

The Participant should ensure due protection to the Sub-Account Holder regarding rights to dividend, rights or bonus shares etc. in respect of transactions routed through him andnot do anything which is likely to harm the interest of the Sub-Account Holder with/from whom it may have had transactions in securities.

Subject to Section 21 of the Act, Participant shall maintain complete con�dentiality of any information or document that is in his knowledge or possession or control relating to the a�airs of the Sub-Account Holder(s), and in particular, relating to their Sub-Account(s), and shall not give, divulge, reveal or otherwise disclose such information or document toany other person.

These Terms and Conditions shall be deemed to have been amended, altered and/or modi�ed if rights and duties of the parties hereto are altered by virtue of change in law, rules, regulations etc. of SECP and/or articles, rules, regulations of the Stock Exchanges and/or the Act, CDC Regulations, CDC’s Operating Manual/Operating Procedures and/or any circular, directive or

direction issued therein, such changes shall be deemed to have been incorporated and modi�ed the rights and duties of the parties hereto

Signatures:

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3

21. The Participant shall ensure that duly �lled in and signed copy of this form along with the acknowledgement receipt is provided to the Sub-Account Holder.

Participant

IMPORTANTPlease read and understand the Terms and Conditions before signing and executing this form

5 BIPLSecurities Limited

I/We, the undersigned, hereby declare that:a) I/We am/are not minor(s);

Name of Applicant:

I/We am/are of sound mind;I/We have not applied to be adjudicated as an insolvent and that I/We have not suspended payment and that I/We have not compounded with my/our creditors;I/We am/are not an undischarged insolvent;I/We confirm having read and understood the above Terms and Conditions and I/We hereby unconditionally and irrevocably agree and undertake to be bound byand to comply with the above Terms and Conditions and any other terms and conditions which may be notified from time to time with the approval of the concerned authorities modifying or substituting all or any of the above Terms and Conditions in connection with the opening, maintenance and operation of the Sub-Account;I/We, being the Applicant(s), hereby further confirm that all the information contained in this form is true and correct to the best of my/our knowledge as on the date of making this application;I/We further agree that any false/misleading information by me/us or suspension of any material fact will render my/our Sub-Account liable for termination andfurther action under the law; andI/We hereby now apply for opening, maintaining, operation of Sub-Account forming part of the Account Family of CDS Participant Account of Participant.

b)c)d)e)

f)

g)

h)

The main objective of providing information, reports and account maintenance services through the Interactive Voice Response System, Internet /Web access and ShortMessaging Service (“SMS”) or any other value added service is to facilitate the Sub-Account Holders (“Users”) with a more modern way to access their information. CDC makes no other warranty of the IVR, Internet/Web access, SMS or any other value added services and Users hereby unconditionally agree that they shall make use of the internet/web access subject to all hazards and circumstances as exist with the use of the internet. CDC shall not be liable to any Users for providing and making available such services and for failure or delay in the provision of SMS to Users and all Users, who use the IVR, internet access, SMS or any other value added services,shall be deemed to have indemnified CDC, its directors, offices and employees for the time being in office and held them harmless from and against any losses, damages,costs and expenses incurred or suffered by them as a consequence of use of the IVR system, internet/web access, SMS or any other value added services.

All Users hereby warrant and agree that their access of the internet/web by the use of a User-ID and login is an advanced electronic signature and upon issuance of such User-ID to the user, they hereby waive any right to raise any objection to the compliance of the User-ID and login with the criteria of an advance electronic signature.

All Users shall by signing this Form and by their conduct of accessing the IVR, internet/Web access, SMS or any other value added services agree to all the terms and conditions and terms of use as shall appear on the CDC website at www.cdcaccess.com.pk which shall be deemed to have been read and agreed to by the Users before signing this form.

Date:Place:

Date:Place:

Date:

Date:

Place:

Date:Place:

Signature:

Signature:

Signature:

Signature:

Name of Joint Applicant No 1:

Name of Joint Applicant No 2:

Name of Joint Applicant No 3:

For and on behalf of(In case if signed by the Attorney on behalf of the Applicant(s)

I/we hereby agree to admit the Applicant(s) as the Sub-Account Holder(s) in terms of the above Terms and Conditions as amended from time to time and shall abideby the same in respect of opening, maintenance and operation of such Sub-Account.

Name of Participant: BIPL SECURITIES LIMITED.Participant’s Seal & Signature:

1. Name:

2. Name:

Signature:

Signature:

Enclosures: Attested copy of CNIC / NICOP / Passport of the Applicants / Joint Applicants / nominee(s) (as the case may be)Duly notarised Power of Attorney* (if applicable)Zakat Declaration of the Applicant and the Joint Applicant (if applicable)Attested copy of NTN Certificate (if applicable)

Where the Applicant is a non-resident or foreigner, duly consularized copy of Power of Attorney by the Consul General of Pakistan having jurisdiction over the Applicant(s) should be submitted.*

info@biplsec.comUAN: +92 21 111 222 000Email:

www.biplsec.comURL:

DECLARATION & UNDERTAKING

DISCLAIMER FOR CDC ACCESS

Witnesses:

CNIC No:

CNIC No:

6

H - FOR THE USE OF PARTICIPANT ONLYParticulars of Sub-Account Opening Form verified by:

Stamp:

Application: Approved Rejected Signature: (Authorized signatory) Date:

Sub-Account no. issued:

Account opened by:

Saved by: Posted by:

Signature: Signature: Date:Date:

Remarks: (if any)

4.

Application No. Date of Receipt

I/we hereby confirm and acknowledge the receipt of duty filled and signed Sub-Account Opening Formfrom the following Applicant:

Name of Applicant(s)

1.

2.

3.

Participant’s Seal & Signature

Client’s Copy

ACKNOWLEDGEMENT RECEIPT

7

BIPLSecurit ies Limited

BIPLSecurities Limited

TREC HOLDER : PAKISTAN STOCK EXCHANGE LIMITEDBrokers Registration # BRK-76

Head O�ce - Karachi5th Floor, Trade Centre,I.I. Chundrigar Road,

UAN:+92 21 111 222 000Fax:+92 21 3263 0202Email:biplho@biplsec.comURL:www.biplsec.com

Gulshan-e-Iqbal KarachiFriends Paradise, 1st Floor, SB-36,Block No. 13-B, KDA Scheme # 24,Main University Road,

Phone:+92 21 3498 0763, 64 & 66Fax:+92 21 3498 0761Email:biplgul@biplsec.com

Lahore2nd Floor, FountainAvenue Building 64-A,Main Boulevard,Main Gulberg

UAN:+92 42 111 222 000Fax:+92 42 3578 7545Email:bipllhr@biplsec.com

Rahim Yar KhanPlot No. 24, Model Town,

Phone:+92 68 587 3252 & 54Fax:+92 68 587 3251Email:biplryk@biplsec.com

MultanGround Floor,State Life Building,Abdali Road

Phone:+92 61 478 0300 - 02Fax:+92 61 450 0274Email:biplmul@biplsec.com

Gujranwala81, Ground Floor,Gujranwala DevelopmentAuthority Trust Plaza,

Phone:+92 55 382 2501 - 04Fax:+92 55 382 2505Email:biplgrw@biplsec.com

Peshawar1st Floor, State Life Building,

Peshawar Cantt

Phone: +92 91 527 6025 -28Fax:+92 91 527 3683Email:biplpsh@biplsec.com

SialkotGround Floor,City Tower,Shahab Pura Road,

Phone:+92 52 325 6035-37Fax:+92 52 325 6038Email:biplskt@biplsec.com

Islamabad1st floor 91, Razia SharifPlaza, Fazle Haq Road,Blue Area

UAN:+92 51 111 222 000Fax:+92 51 234 4565Email:biplisb@biplsec.com

Pakistan Stock Exchange - KarachiRoom no. 139, 3rd Floor,Karachi Stock Exchange Building,Stock Exchange Road,

Phone: +92 21 3241 2910 – 14Fax: +92 21 3241 2911