Customer Relationship

Form

Corporate Office:
4th floor, Bukhari Tower, Khayaban-e-Bukhari DHA, Phase VI, Karachi.
Phone: +92 21 - 35171461 - 65

Register Office:
Room # 101 & 105, Stock Exchange Building, Stock Exchange Road, Karachi.
 FOR OFFICIAL USE OF THE PARTICIPANT /
TRE CERTIFICATE TE HOLDER ONLY

Application Form No.

TRE Certificate No. 248
Corporate Office: 4th floor, Bukhari Tower, Khayaban-e-Bukhari, DHA, Phase VI, Karachi. Securities Broker
248
Phone: +92 21 - 35171461 - 65 Registration No.
Register Office: Room # 101 & 105, Stock Exchange Building, Stock Exchange Road, Karachi. CDS Pariticipant ID 14746
Phone: +92 21 32410918 & 32431435 Trading Account No.
(Back-office ID)
CUSTOMER RELATIONSHIP FORM (if applicable)
FOR INDIVIDUALS Investor Account No.
(Please Also Fill KYC APPLICATION FORM for Main and Joint Applicants)

Nature of Account Single Joint

(Please use BLOCK LETTERS to fill the form)

I/We herbey apply for opening of my/our following account [please tick (a) only one relevant box] with [insert name of the Particiant/TRE Certificate Holder]:
Trading & Sub-Account [Opening of Account with a Khadim Ali Shah Bukhari Securities Broker for trading, custody and settlement]

Investor Account with CDC Sub-Account with Participant

Trading Account [Opening of Account with a Khadim Ali Shah Bukhari Securities Broker for trading purpose only]

Note: In case applicant chooses option # 4 above, then he/she shall choose any of the following:

Subscribe to Direct Settlement Services (DSS) with CDC

Subscribe to National Custodial Services (NCS) with NCCPL

Others (please specify e.g. CCM/ NBCM)

A. REGISTRATION (AND OTHER) DETAILS OF MAIN APPLICANT (The information should be same as provided in the KYC Application Form)

1. Full name of Applicant (As per CNIC/SNIC/NICOP/ARC/POC/Passport) MR. / MRS. / MS. BADER AL HUSSAIN UKN No.
2. CNIC SNIC NICOP ARC POC

Passport No. 6 1 1 0 1 - 9 3 2 3 1 4 0 - 3
[Please tick (a) appropriate box]

3. Details of Contact Person: [Note: Contact Person shall not be the person other than the Main Applicant, any one of the Joint Applicants or their Attorney. However, Attorney shall
not be a Participant / TRE Certificate Holder or its Director or Representative. Where Contact Person is the Main Applicant or any of the Joint Applicants, please tick (a) the
appropriate box (a) below and use the contact details of such Contact Person as provided in the KYC Application Form for CDS. Where Contact Person is an Attorney, please provide
details in (a) to (i) below]
(a) Contact Person: Main Applicant Joint Applicant No. 1 Joint Applicant No. 2 Joint Applicant No. 3 Attorney
(b) Attorney Name: MR. / MRS. / MS.
(c) Mailing Address:
(d) CNIC SNIC NICOP ARC
POC No. - -
[Please tick (a) appropriate box]
(e) Expiry date of CNIC/SNIC/NICOP/ARC/POC / /
(f) Passport details: Passport Number: Place of Issue:
(For a foreigner) Date of Expiry:
(g) Contact No:
Land Line No.: (Optional) (h) Fax: (optional): (i) Email:(*): Baderalhussain0@gmail.com
Local Mobile No.(*)
03205088882
* Where the Contact Person is resident, local mobile number shall be provided for the purpose of subscription to SMS as a mandatory requirement. Where the Contact Person is a
non-resident, email address shall be provided for eAlert/ eStatement from CDC as a mandatory requirement. In case the Contact Person is an Attorney, the Attorney shall receive
such services. This information will also be used where any other service is subscribed under the CDC access.

4. Permanent Address Please use the details as provide in the KYC application form and enter the same in the CDS
[The address should be of the Main Applicant]: HOUSE # 486, STREET # 55, I-10/1

B. REGISTRATION (AND OTHER) DETAILS OF THE JOINT APPLICANT(S) (The information should be same as provided in the KYC Application Form. Complete details of Joint Holders shall be
fetched from the Central Portal / KIS)

JOINT APPLICANT 1
1. Full name of Applicant (As per CNIC/SNIC/NICOP/ARC/POC/Passport) MR. / MRS. / MS. UKN No.
2. CNIC SNIC NICOP ARC POC
Passport No. - -
[Please tick (a) appropriate box]

JOINT APPLICANT 2
1. Full name of Applicant (As per CNIC/SNIC/NICOP/ARC/POC/Passport) MR. / MRS. / MS. UKN No.
2. CNIC SNIC NICOP ARC POC
Passport No. - -
[Please tick (a) appropriate box]

JOINT APPLICANT 3
1. Full name of Applicant (As per CNIC/SNIC/NICOP/ARC/POC/Passport) MR. / MRS. / MS. UKN No.
2. CNIC SNIC NICOP ARC POC
Passport No. - -
[Please tick (a) appropriate box]

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant / TREC
Holder
C. OTHER ACCOUNT LEVEL INFORMATION
1. Bank Details: The bank account information of the Main Applicant as provided in the KYC Application Form shall be used.
STANDARD CHARTERED BANK 01169221401
2. Residential Status: The Resident Status of the Main Applicant as provided in the KYC Application Form shall be used. RESIDENT PAKISTANI
3. Basis of Remittance [Please tick ( a) appropriate box] Repatriable Non-Repatriable

Non-resident Pakistani:

Foreigner/ Pakistani Origin:

Please tick (a) the appropiate box

4. Zakat Status:
[If, according to the Fiqh of the Applicant(s), Zakat is not deductible, then relevant Declaration on
prescribed format shall be submitted by all the Applicant(s) with the concerned Participant/TREC
Holder/Investor Accountholder]. Non-Muslims shall submit an affidavit.
a Muslim Zakat deductible

Muslim Zakat non-deductible

Not Applicable

(a) Name of Nominee ABDUL MAROOF

(b) Relationship with Main

Applicant
Spouse
a Father Mother

[Please tick ( a) appropriate box] Brother Sister Son

5. Particulars of nominee (Optional but if

desired, nomination should only be made in Daughter
case of sole individual and not joint account)
(c) CNIC SNIC
[Nomination may be made in terms of requirements
NICOP ARC POC - -
of Section 79 of the Companies Act, 2017, which inter
No:
alia requires that person nominated as aforesaid shall
[Please tick ( a) appropriate box]
not be a person other than the following relatives of
(d) Expiry date of CNIC/SNIC/NICOP/ARC/POC
the Investor Accountholder/SubAccount Holder,
namely: a spouse, father, mother, brother, sister and Passport Number:
(e) Passport details:
son or daughter.] (In case of a foreigner or a Place of Issue:
Pakistani origin) Date of Issue:
Date of Expiry:

D. CDC access: CDC Provide FREE OF COST services under CDC access whereby Sub-account holder/investor account holder can have real time access to their account
related information.

1. Do you wish to subscribe to free of cost IVR/Web Service? [Please tick ( a) appropriate box]

2. If you are subscribing to IVR and Web Service, please provide following details of your Contact Person:
a Yes No

(a) Date of Birth 0 9 / 1 2 / 1 9 8 8

(b) Mother's Maiden Name: SHAKILA MAROOF
E. AUTHORIZATION UNDER SECTIONS 12 AND 24 OF THE CDC ACT EXCLUSIVELY FOR SETTLEMENT OF UNDERLYING TRADES, PLEDGE AND RECOVERY OF PAYMENTS,
CHARGES AND LOSSES (FOR SUB-ACCOUNT ONLY)
I/we the undersigned, hereby give my/our express authority to the Participant under Section 12 and Section 24 of the Central Depositories Act, 1997 to handle Bookentry Securities beneficially owned by
me/us and entered in my/our Sub-Account maintained with the Participant for securities transactions that are exclusively meant for the following purposes:

a. For the 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 the Clearing House relating to any of my/our underlying market transactions (trades) to be settled through the Clearing House from time to time;
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 transactions which has been made by way of a gift of Securities by me/us to my/our Family Members or other persons in accordance with the CDC Regulations from time to time;
f. 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/or

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 for all other purposes as permitted under the applicable laws and
regulations.

Note: Please note that above shall serve as a standing 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.

F. OPERATING INSTRUCTIONS
Name of Signatory(ies) Spicemen Signatures
1. Signatory(ies) to give instruction to the Participant/TREC
Holder pertaining to the operations of the Investor Account / (a) BADER AL HUSSAIN
SubAccount / Trading Account.
(b)
Please specify Investor account, sub- account and trading account
operating instructions in the relevant column along with names and (c)
specimen signatures of authorised signatories)
(d)

Attorney
2. Investor Account/Sub-Account Operating Instructions in Singly (Either or Survivor)
writing:
[Please (a) appropriate box] Jointly (any) ................................
(Please mention the relevant number of the
signatories)

Singly Attorney
3. Trading Account Operating Instructions:
[Please (a) appropriate box]
Jointly (any) ................................
(Please mention the relevant number of the
signatories)

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant / TREC
Holder
 G. SIGNATURE
Signature:

Date:
Name of Applicant: BADER AL HUSSAIN Signature:
Place:
Date:
Name of Joint Applicant No 1: Signature:
Place:
Date:
Name of Joint Applicant No 2: Signature:
Place:
Date:
Name of Joint Applicant No 3: Signature:
Place:
I/we hereby agree to admit the Applicant(s) as the Investor Accountholder(s)/Sub-Account Holder(s) in terms of the enclosed Terms and Conditions as amended from time to time and
shall abide by the same in respect of opening, maintenance and operation of such Investor Account/Sub-Account.
Name of Participant/TREC Holder: Khadim Ali Shah Bukhari Securities Date:
Participant's/TREC Holder's Seal & Signature:
Witnesses:
1. Name:

Signature: CNIC No. - -

2. Name:

CNIC No. - -
Enclosures:
1. Copy of valid CNIC/SNIC/NICOP/ARC/POC/Passport of the Applicants / Joint Applicants / nominee(s) and Attorney (as the case may be).
2. Copy of Power of Attorney (if applicable), duly attested by notary public (suggested format as annexure).
3. Copy of Zakat Declaration of the Applicant and the Joint Applicant (if applicable). In case of Non-Muslim, an affidavit shall be submitted.
4. Terms & Conditions of relevant service provider, as applicable.
5. Specimen Signature Card (for Investor Accountholder(s) only)
* Note: Non-resident/ foreigners shall submit the documents duly attested by either notary public or Consul General of Pakistan having jurisdiction over the Applicant(s).

H. FOR THE USE OF PARTICIPANT/TREC HOLDER ONLY

Particulars of Customer Relationship Form verified by :

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

Investor Account/Sub-Account no. issued:

Investor Account/Sub-Account/Trading Account opened by:
Saved by: Posted by:
Signature: Date: Signature: Date:
Remarks (if any)
 TERMS AND CONDITIONS
Please read and understand the Terms and Conditions before signing and excuting this form

These Terms and Conditions shall constitute a Contract between the Parties hereto. This Contract shall govern opening, maintenance and operations of Trading Account, CDC Sub-Account(s) and sharing of UIN and
KYC information to/from NCCPL and ancillary matters connected therewith.

GENERAL TERMS AND CONDITIONS

1. All Trades, Transactions, including non-Exchange Transactions, Derivative Contracts and deals (jointly referred to as "Transactions") between the Parties and Clearing and Settlement thereof and opening,
maintenance and operations of Sub-Account in the CDS shall be subject to the Securities Act, 2015, Central Depositories Act, 1997, Pakistan Stock Exchange Limited (PSX) Regulations, Central Depository Company
of Pakistan Limited (CDC) Regulations, CKO Regulations, 2017, National Clearing Company of Pakistan Limited (NCCPL) Regulations and the Securities Brokers (Licensing and Operations) Regulation, 2016 including
Procedures, Manuals, Polices, Guidelines, Circulars, Directives, and Notifications issued and as amended) thereunder by the Securities and Exchange Commission of Pakistan (SECP), PSX, CDC or NCCPL from time
to time.
2. The information provided in KYC application form and/or CRF shall be in addition to and not in derogation of the requirements prescribed under AntiMoney Laundering and Countering Financing of Terrorism
Regulations, 2018.
3. The Securities Broker/Participant shall ensure provision of copies of all the relevant laws, rules and regulations at its office for access to the Sub-Account Holder(s )/Customer(s) during working hours. The Securities
Broker/Participant shall ensure that its website contains hyperlinks to the websites/pages on the website of PSX, CDC, NCCPL and the SECP displaying above said regulatory framework for reference of the
Customers.
In case of a Joint Account, all obligations and liabilities of the Applicants under these Terms and Conditions shall be joint and several.
4. These Terms and Conditions shall be binding on the nominee, legal representative, successors in interest and/or permitted assigns of the respective Partiehereto.
5. The Securities Broker/Participant shall provide a list of its Registered Offices and Representatives authorized and employees designated to deal with the Sub-Account Holder(s)/Customer(s) along with their
6. authorized mobile/landline/fax number(s), email and registered addresses. Any change(s) therein shall be intimated in writing to the Sub-Account Holder(s)/Customer(s) with immediate effect.
Subject to applicable laws, the Securities Broker/Participant shall maintain strict confidentiality of the Customer related information and shall not disclose the same to any third party. However, in case the SECP,
7. PSX, CDC or any competent authority under the law, as the case may be, requires any such information, the Securities Broker/ Participant shall be obliged to disclose the same for which the Customer shall not
raise any objection whatsoever.
8. The Securities Broker/Participant shall independently verify any of the Customer's related information provided in this Form and under the relevant laws, rules and regulations for the purpose of KYC.
9. In case of any change in the Customer's related information provided in this Form, the Customer shall provide necessary details to the Participant / Securties Broker. Upon receipt of instruction from the Customer,
the Participant/Securities Broker shall give effect to such changes in the manner prescribed under the relevant regulations. The Participant/Securities Broker shall have the right to incorporate any change(s) in the
Sub-Account Holder(s)/Customer's information in the CDS as sent by NCCPL as CKO and that such change(s) shall be deemed to have been authorized by the SubAccount Holder(s)/Customer(s). In case of any
change in the Participant's/Securities Broker's address or contact numbers or any other related information, the Securities Broker/Participant shall immediately notify the Sub-Account Holder(s)/Customer(s).
10. Any change in this Form or these Terms and Conditions by virtue of any changes in the aforesaid legal frameworks shall be deemed to have been incorporated and modified the rights and duties of the Parties
hereto. such change(s) shall be immediately communicated by the Securities Broker/Participant to the SubAccount Holder(s)/Customer(s).
11. The Securities Broker/Participant and the Customer shall be entitled to terminate this Contract without giving any reasons to each other after giving notice in writing of not less than one month to the other Party.
Notwithstanding any such termination, all rights, liabilities and obligations of the Parties arising out of or in respect of Transactions entered into prior to the termination of this Contract shall continue to subsist and
vest in/be binding on the respective Parties or his /her/its respective heirs, executors, administrators, legal representatives or successors in interest and permissible assigns, as the case may be. Closure of Sub-
Account of the Customer under this clause shall be subject to the condition that neither any corporate action is pending at that point of time in connection with any Bookentry Securities in the Sub-Account nor
any Book-Entry Securities are in Pledged Position and that the outstanding dues, if any, payable by any Party to the other Party is cleared and that the Customer has transferred or withdrawn all the Book-Entry
Securities from his/her Sub-Account.
12. Where applicable, the terms "Sub-Account Holder" and "Participant" used in this Form shall include the "Customer" and "Securities Broker/TRE Certificat Holder" respectively.
13. The Securities Broker/Participant should ensure due protection to the Sub-Account Holder / Customer regarding rights to dividend, rights or bonus shares etc. in respect of transactions routed through it and not
do anything which is likely to harm the interest of the Sub-Account Holder with/from whom it may have had transactions in securities.
14. The Participant/Securities Broker shall ensure that duly filled in and signed copy of this form along with the acknowledgement receipt is provided to the Sub-Account Holder.

TERMS AND CONDITIONS FOR OPENING AND OPERATIONS OF CDC SUB-ACCOUNT

The Terms and Conditions set herein below shall govern the Sub-Account forming part of the Account Family of the CDS Participant Account of the Participant, which shall be binding on the Sub-Account Holder as well
as the Participant:
1. The Registration Details and such other information specified by the Applicant in this form for opening of the Sub-Account shall appear in the SubAccount to be established by the Participant in the CDS who shall
ensure the correctness and completeness of the same.
2. The Book-entry Securities owned by the Sub-Account Holder shall be exclusively entered in the Sub-Account of such Sub-Account Holder.
3. 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 the authorization given by the Sub-
Account Holder to the Participant in Part (E) above pursuant to Section 12 and 24 of the Central Depositories Act, 1997. 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 different, conflicting or additional terms which appear on any agreement
or form the Sub-Account Holder(s) has executed in favour of the Participant.
4. Participant shall be liable to give due and timely effect 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/her Sub-Account under the control of the Participant. Such instructions, among other matters, may include closing of Sub-Account.
5. 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 every Book-entry Security entered in his/her
Sub-Account as of the end of the preceding quarter. Such Account Balance statement shall be generated from the CDS. Further, the Sub-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 by the 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.
6. 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 for availing such facilities
and services under the Central Depositories Act, 1997, the Regulations and these Terms & Conditions. In case of outstanding payment against any underlying market purchase transaction, charges and/or losses
against the Sub-Account Holder, the Participant shall have the right, subject to Clause 3 above and under prior intimation to the Sub-Account Holder to clear the payment, charges and/or losses (including any
shortfall in margin requirements) within the reasonable time prescribed by the Participant, to dispose off the necessary number of Book-entry Securities of the Sub-Account Holder through market-based or
Negotiated Deal Market sell transaction and apply the net proceeds thereof towards the adjustment of such outstanding payment, charges and/or losses.
7. 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 Procedures made thereunder, to request
CDC to change his/her Controlling Account Holder and Participant shall extend full cooperation to the Sub-Account Holder in every regard, without prejudice to its right of recovery of any dues or receivable
from the Sub-Account Holder.
8. 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 Book-entry Securities except as agreed by
the articipant separately in writing.
9. The Participant is not acting under this application form as Investment Manager or Investment Advisor to the Sub-Account Holder(s).

TERMS AND CONDITIONS FOR TRADING ACCOUNT

1. In case any dispute in connection with the Transaction between the Securities Broker and the Customer is not settled amicably, either Party may refer the same to the Arbitration in accordance with the
arbitration procedures prescribed in PSX Regulations. The decision of arbitrators shall be binding on both the Parties subject to their rights of appeal in the manner provided in PSX Regulations, if exercised. The
name and other relevant particulars of the Customer shall be placed on PSX's website accessible to Securities Brokers if the Customer fails or refuses to abide by or carryout any arbitration award passed against
him/her and the Customer shall have no objection to the same.
2. The assets deposited as margin by a Customer with the Securities Broker shall only be used by the Securities Broker for the purposes of dealing in securities through PSX on behalf of such Customer other than
as authorized by the Customer in writing in the manner prescribed under the relevant regulations.
3. The Securities Broker may deposit unutilized funds of the Customers in a separate profit-bearing bank account and shall distribute profit to the Customers out of total profit offered by bank(s) on such funds,
unless specified otherwise in writing by the Customer.
4. The Securities Broker shall be authorized to act on the instructions of the Customers given through any of the following modes of communication unless specifically designated by the Customer in the Form:

(a) Telephonic communication over a dedicated telephone line(s) routed through centralized call recording system;
(b) Email/SMS/Fax/Letter on the authorized email address/mobile/fax/address of the Securities Brokers;
(c) Verbal orders placed through personal appearance in the registered office subject to receipt of written acknowledgement of such in-person orders by Securities Brokers.
5. The Securities Broker shall make out the Contract Note (physical or electronic form) to the Customers in respect of trades executed on their behalf based on their order instructions not later than the start of
next trading day as required under the Securities Brokers (Licensing and Operations) Regulations, 2016 through any of the following acceptable modes of communication unless specifically designated by the
Customer in the Form:
(a) Recognized courier service;
(b) Registered Post at given correspondence address;
(c) Facsimile number provided on the Form;
(d) By hand subject to receipt/acknowledgement; or
(e) Email provided on the Form in case of Electronic Contract Note.
All such transactions recorded by the Securities Broker in the prescribed manner shall be conclusive and binding upon the Customer unless the Customer raises observation relating to unauthorized execution of
such transaction or any error in the Contract Note within one trading day of the receipt of such Contract Note. In the event of any dispute relating to order placement or executing of orders, the burden of proof
shall be on the Securities Brokers to establish the authenticity of such order placement or execution thereof.
6. In case the Customer fails to deposit additional margins within one trading day of the margin call (in writing), the Securities Broker shall have absolute discretion to liquidate the Customer's outstanding positions
including the securities purchased and carried in such account to meet the margin shortfall without further notice to the Customer.
7. The Securities Broker shall be responsible for the payment of any credit cash balance available in the account of the Customer through cross cheques or other banking channels (instruments) only within one (1)
trading day of the request of the Customer subject to the maintenance of the margin requirements.
8. The Customer is aware that in the event of his/her non- payment on settlement day against securities bought on his/her account, the Securities Broker may transfer such securities to its Collateral Account under
intimation to PSX in the manner as provided in PSX Regulations.

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant / TREC
Holder
 9. The Securities Broker shall accept from the Customer payments through "A/c Payee Only" crossed cheque, bank drafts, pay orders or other banking channels drawn on Customer's own bank account in case of
amounts in excess of Rs. 25,000/-. Electronic transfer of funds to the Securities Broker through banks would be regarded as good as cheque. The Securities Broker shall provide the receipt to the Customer(s) in
the name of the Customers duly signed by its authorized employee and the Customer(s) shall be responsible to obtain the receipt thereof. In case of cash dealings, proper receipt will be taken and given to the
Customer(s), specifically mentioning if payment is for margin or the purchase of securities. The Securities 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 Securities Broker to accept cash in excess of Rs.25,000/-, the Securities Broker shall immediatel

10. The Securities Brokers shall make all payments to the Customers through crossed cheques / bank drafts / pay orders or any other banking channels showing payment of amount from their business bank
account. Copies of these payment instruments including cheques, pay orders, demand drafts and online instructions shall be kept in record for a minimum period prescribed under the Securities Brokers
(Licensing and Operations) Regulations, 2016.
11. The Securities Broker shall provide to the Customers a quarterly Account Statement which shall include cash and securities ledgers as back office and CDC Sub-Account records along with reconciliation of any
differences therein through any of the aforesaid modes of communication. In case of any discrepancy in the ledger statement, the Customer shall inform the Securities Broker within seven (7) days of receipt of
the quarterly account statement to remove such discrepancy. Further, the Securities Broker shall provide to a Customer an Account Statement for a period specified by the Customer as and when requested by

12. The Customer shall pay all applicable taxes and statutory and regulatory fee and levies and brokerage commissions as are prevalling from time to time in connection with the brokerage services rendered. The
Securities Broker/Participant can debit up to the accrued amount of levies and changes the account of the Customers for the abovementioned charges, which shall be clearly detailed in the ledger
statement/daily confirmation. Any change resulting in an increase in the brokerage commission shall take effect not earlier than five (5) trading days of intimation of the same to the Customer through acceptabl

13. The Securities Broker shall append a Risk Disclosure Document with this Form in accordance with the specimen provided by PSX.

DECLARATION & UNDERTAKING

I/We, the undersigned Applicant(s), hereby declare/undertake tha
a) I/We am/are not minor(s);
b) I/We am/are of sound mind;
c)
d) I/We have not applied to be adjudicated as an insolvent and that I/We have not suspended payment to any financial institution and that I/We have not compounded with my/our creditors;
e) 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 by and 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 / Trading Account, as the case may be;
f) The information furnished in this form is complete, valid, true and correct to the best of my/our knowledge and I/We shall inform the Securities Broker/Participant immediately in writing of any change therein;
g) In case any of the above information is found to be false or misleading or suspension of any material fact, will render my/our Sub-Account/Trading Account, as the case may be, liable for termination and I/We shall
be subject to further action under the law;
h) All the documents filed/submitted by me/us for the purpose of this application are genuine and valid, bearing genuine signatures and stamps of duly authorized individuals/representatives and are in accordance
with the applicable law; and
i) I/We hereby now apply for opening, maintaining, operation of /Sub-Account/Trading Account, as the case may be, with the Participant/TREC Holder.

DISCLAIMER FOR CDC ACCESS SERVICES

The main objective of providing information, reports and account maintenance services through the Interactive Voice Response System, Internet /Web access and Short Messaging 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, officers 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.

Undertaking of Risk Disclosure Document:

I/We the customer, hereby acknowledge that I/We have received the Risk Disclosure Document (Annexed) and have read and understand the nature of all risks and other contents and information provided in this
document.

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant/TREC

Holder
Corporate Office:
4th floor, Bukhari Tower, Khayaban-e-Bukhari DHA, Phase VI, Karachi.
Phone: +92 21 - 35171461 - 65
Register Office:
Room # 101 & 105, Stock Exchange Building, Stock Exchange Road, Karachi.
Phone: 92 21 32461584 & 32431435

KNOW YOUR CUSTOMER (KYC) APPLICATION FORM

INDIVIDUAL
(Please use BLOCK LETTERS to fill the form)
A. IDENTITY DETAILS OF APPLICANT

1. Full Name of Applicant (As per CNIC/SNIC/NICOP/ARC/POC/Passport) Mr. / Mrs. / Ms. BADER AL HUSSAIN
2. Father's / Husband's Name: ABDUL MAROOF
3. a. Nationality: PAKISTANI
b. Marital status: a Single Married c. Status: a Resident Non-Resident

4. a. CNIC/ SNIC/NICOP/ARC/POC No:

6 1 1 0 1 - 9 3 2 3 1 4 0 - 3
b. Expiry date: 09-OCT-27
5. Passport details: Passport Number Place of Issue
(for a foreigner or a non-resident Pakistani) Date of Issue Date of Expiry
6. Date of Birth: 09-DEC-88
B. ADDRESS DETAILS OF APPLICANT

1. (a) Mailling Address: HOUSE # 486, STREET # 55, I-10/1

(Address should be different from authorized intermediary business address except for employees of authorized intermediary)
City/Town/Village: ISLAMABAD Province/State: Country: PAKISTAN
(b) Tel. (Off.)*: (c) Tel. (Res.)*: (d) Mobile**: 03205088882 (e) Email**: Baderalhussain0@gmail.com(f) Fax*:
Specify the proof of address submitted for mailing address:

2. (a)Permanent Address: HOUSE # 486, STREET # 55, I-10/1

(mandatory for all applicants- fil out if different from mailing address)
City/Town/Village: ISLAMABAD Province/State: Country: PAKISTAN
(b) Tel. (Off.)*: (c) Tel. (Res.)*: (d) Mobile**: 03205088882 (e) Fax*: (f) Email**: Baderalhussain0@gmail.com

Specify the proof of address submitted for mailing address:

C. OTHER DETAILS
1. Gross Annual Income Details (please specify): Up to Rs. 100,000 Rs. 100,001 Rs 250,000 Rs. 250,001 Rs 500,000

a Rs. 500,000 Rs 1,000,000 Rs. 1,000,001 Rs 25,000,000 Above Rs 25,000,000

2. Source of Income: BUSINESS

3. Shareholder's/ Unit Holder's Category: INDIVIDUAL

Agriculturist Business Housewife Household

4. (a) Occupation:
Retired Person Student Business Executive Industrialist
[Please (a) appropriate box]

Professional Service Govt. /Public Sector Others (Specify)

(b) Name of Employer / Business: FREELANCER

(c) Job Title/ Designation SELF-EMPLOYED (d) Department FINANCE
(e) Address of Employer / Business: SAME AS RESIDENTIAL
D. BANK DETAILS***
Banke Name.: STANDARD CHARTERED BANK IBAN No.: PK79SCBL0000001169221401
E. DECLARATION
I hereby confirm that all the information furnished above is true and correct to the best of my knowledge and belief and I undertake to inform you of any changes therein,
immediately. In case any of the above information is found to be untrue or false or misleading or misrepresenting, I am aware that I may be held liable for it

Date: (dd/mm/yyyy) Signature of the Applicant as per CNIC/SNIC/NICOP/ARC/POC/Passport No

Signature of the Applicant (Only application if Applicant signature is different)

FOR OFFICE USE ONLY

Authorized Signatory Date Seal/Stamp of the Authorized Intermediary

* Optional
** For NICOP/ARC/POC/Passport, Email is mandatory and Mobile Number is Optional. Whereas for CNIC/SNIC, Mobile Number is Mandatory and Email is Optional. Incase of SNIC where country of stay is not
Pakistan, email will be mandatory.
*** IBAN shall be mandatory for all Customers subject to any exception available under applicable laws, rules, regulations etc.
Terms & Conditions of the KYC Application Form:

1. All terms herein shall, unless expressly stated otherwise, have the same meaning as ascribed to them in the Centralized KYC Organization Regulations.

2. The information provided in KYC application form and/or CRF shall be in addition to and not in derogation of the requirements prescribed under Anti-Money Laundering and Countering Financing of
Terrorism Regulations, 2018.

3. All correspondence shall be sent by CKO at the mailing address and/or email address of the Customer, as stated on the KYC Application Form.

4. Neither the CKO nor its directors, officers, employees or agents shall be liable for losses, damages, liabilities, costs or expenses suffered or incurred by the Customer as a result of providing its KYC
Information to Authorized Intermediaries or the CKO due to any reasons whatsoever including its unauthorized disclosure.

5. The Customer undertakes to indemnify the CKO against any losses, damages, liabilities, costs or expenses suffered or incurred by CKO, including any legal costs and claims by third parties, as a result of any
inaccuracy, misrepresentation, misstatement or incorrect details in the information supplied by the Customer or any omission in such information or any other contravention or violation of the Centralized
KYC Organization Regulations

6. The Customer agrees that in the event that he does not abide by the timelines prescribed in the Centralized KYC Organization Regulations for submission of information and confirmation to the NCCPL, the
NCCPL shall be authorized to take action as prescribed in the Centralized KYC Organization Regulations. The Customer undertakes that it shall hold CKO harmless and that CKO shall not be liable for any
losses, damages, liabilities, costs or expenses suffered or incurred by the Customer as a result of such actions.

7. The Customer agrees that CKO may hold, store and process its KYC Information on the KYC Information System and KYC Database in connection with its KYC functions under the Centralized KYC
Organization Regulations. The Customer also agrees that CKO may disclose its KYC Information as permitted under the CKO Regulations and such other disclosures as may be reasonably necessary for
compliance with any other laws or regulatory requirements.

8. The Customer acknowledges that KYC Information System and KYC Database, including but not limited to all the information contained therein is the legal property of CKO.

9. The Authorized Intermediaries agree to pay CKO the fees and charges as prescribed by CKO from time to time in respect of its KYC functions.

10. CKO has absolute discretion to amend or supplement any of the terms and conditions at anytime and will endeavor to give prior notice of fifteen days wherever feasible for such changes.

11. The Customer agrees and affirms that it shall be bound by and acts in accordance with the provisions of the Centralized KYC Organization Regulations.

12. These terms and conditions shall be governed by the laws of Pakistan.

Signature of Account Holder Date

 FATCA FORM (To be filled by the client (s)

Name :

Country of Residence :

Country of Birth :

CNIC/ OC/NICOP :

Country of Incorporation (For entities) :

Please confirm the following YES NO

Are you a U. S. Resident

Are you a U. S Citizen

Do you hold a U S. Permanent Resident Card (Green Card)

Are you a Resident /Citizen of any other country (Please specify)

Are you Dual National (Please specify what nationality you hold)

Are you a Resident of any country other than Pakistan (Please specify)

Do you have any tax obligation in a country other than Pakistan (Note: If 'YES" then please specify the list of confirm along with its respected tax number, social security
by number, or local equivalent)

Are you a U. S. Owned Entity/any other country (Please specify) I/We hereby ____________________ confirm the information provided above is true, accurate and complete.

I/We hereby provide my/our consent to KHADIM ALI SHAH BUKHARI Securities (Pvt.) Ltd. or any of its affiliates to disclose and furnish and share information pertaining
to my/ our account to domestic or overseas regulators or tax authorities where necessary to establish our tax liability in any jurisdiction.

I/W We also authorize KHADIM ALI SHAH BUKHAIRE Securities (Pvt.) Ltd. to deduct withholding tax from my/ our account when required to do so by domestic or
overseas regulators or tax authorities or pay out, from my/our account(s) such amounts as may be required according to applicable laws, regulations, agreements with
regulators or authorities and directives.

I/We shall indemnify and hold KHADIM ALI SHAH BUKHARI Securities (Pvt.) Ltd. harmless against any claim, damages, costs, expenses and other direct and/cr indirect
consequence of disclosing, furnishing and sharing any information with any domestic or overseas regulators or tax authorities.

I/We agree and undertake to notify the KHADIM ALI SHAH BUKHARI Securities (Pvt.) Ltd. within thirty (30) calendar days if there is a change in any information which we
have provided above."

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3

 AGREEMENTFOR
AGREEMENT FORONLINE
ONLINE INTERNET
INTERNET TRADING
TRADINGTERMINAL
TERMINAL

BADER AL HUSSAIN
I/We, _____________________________________________________________________S\o ________________________________________________________________

holder of CNIC #______________________________________ agree that Khadim Ali Shah Bukhari Securities (PVT) LTD will not be held responsible in case of any delay or failure of
connection due to whatsoever reasons.
BADER AL HUSSAIN
I/We, ___________________________________ further indemnify that Khadim Ali Shah Bukhari Securities (PVT) LTD, TREC holder Pakistan Stock Exchange Limited will not be held
responsible in case of any delay in order submission, cancellation or change of an order, trade confirmation, reports, or any trading activity and / or viewing of market
activity and any other consequential loss or losses due to whatsoever reasons. All trades originating from this Online Internet Trading Terminal will be solely my / our
responsibility to settle.

TERMS AND CONDITIONS OF AGREEMENT

a) Online trading will be permitted through an online trading system of Khadim Ali Shah Bukhari Securities (PVT) LTD (KTrade), which will act as the Broker for the
purpose of buying and selling securities, including COT, DEC (Deliverable Future Contract), and MTS (Margin Trading System) at the Stock Exchange (Online
Exchange) and wherever the term Khadim Ali Shah Bukhari Securities (PVT) LTD is used in the Terms and conditions for on-line trading, it shall deem to mean the
Broker.

b) Khadim Ali Shah Bukhari Securities (PVT) LTD will request the PSX to generate user name, password and PIN (personal identification number) and send the same to
Account Holder(s) at his/her/their/its email ID, to enable the Account Holder(s) to have an access to and use this Account for online trading, The Password/PIN may
be communicated through e-mail to the Account Holder(s) at his/her/their/its own risk, The 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, The Account Holder(s) shall immediately change the
password/PIN as soon as it is received from Khadim Ali Shah Bukhari Securities (PVT) LTD. Khadim Ali Shah Bukhari Securities (PVT) LTD may electronically transfer
delivery of confirmation, 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 e-mails, confirmation statement, notices, margin and maintenance calls whether delivered by mail, e-mail or electronic terminal at the discretion of
Khadim Ali Shah Bukhari Securities (PVT) LTD. If the Password/ PIN is disclosed to any third party the Account Holder(s) should immediately notify the same to
Khadim Ali Shah Bukhari Securities (PVT) LTD. The Account Holder(s) will immediately notify of any loss, theft or unauthorized use of his/her/their/its account
number and Password/PIN. The Account Holder(s) shall immediately notify and change his/her/its/their e-mail or other address as mentioned in the Application
Form.

c) All risks connected and involved with Electronic/Online Trading will be assumed fully by the Account Holder(s). Neither the Khadim Ali Shah Bukhari Securities
(PVT) LTD nor any of its directors or officers would be responsible or liable in any manner for any losses or damages that may be suffered 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 and piracy of
Account Holder(s) information and affairs by unscrupulous persons.

Khadim Ali Shah Bukhari Securities (PVT) LTD may from time to time require additional margin in the Account (in cash or Securities) before executing a Orders or
d) undertaking any Transactions through Online Facility on account of the Account Holder(s). The amount and timing may vary depending on factor solely at Khadim
Ali Shah Bukhari Securities Brokerage's discretion. Khadim Ali Shah Bukhari Securities (PVT) LTD shall have the right to liquidate the Account Holder(s) Trading
position(s) if the Account margin is insufficient at any time.

Khadim Ali Shah Bukhari Securities (PVT) LTD may at its discretion elect with or without notice to square off the Account Holder(s) Account and make obligations in
e) the Account immediately due and payable by the Account Holder(s) without assigning any reason.

DECLARATIONS :
1. The Account Holder(s) understand(s) that the share trading business carries risk and subject to the due diligence on part of the Broker may incur losses for which, the
Account Holder(s) shall not hold the broker responsible. The Account Holder(s) further acknowledge(s) that the prices of the Securities do fluctuate abruptly and
instantly and investments in Securities may experience abrupt upward and downward movements and may even become valueless. The Broker shall not be liable for
any fluctuations in the prices of Securities due to purchase and sale on the day of the Transaction and the net price mentioned in confirmation shall be accepted as
concluded final price and shall be binding upon the Account Holder(s) and the Broker

2. 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 annexure and the
Account Holder(s) also undertake to have understood and accepted all the above additional Terms and Conditions.

The Account Holder(s) further confirm that all the information given in Account Opening Form is true and complete and hereby authorize the Broker to verify any
3.
information mentioned above from any sources deemed appropriate by the Broker.

Main Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant/TREC

Holder
 CRS-01
INDIVIDUAL TAX RESIDENCY SELF-CERTIFICATION FORM
Fill & Complete part 3 only if Tax Residency is other than USA & Pakistan otherwise mark* Not Applicable (N/A)*

PART 1 - IDENTIFICATION OF INDIVIDUAL ACCOUNT HOLDER

A. Name of Account Holder:

Family Name or Surname(s) :

Title :

First or Given Name :

Middle Name(s) :

B. Current Residence Address:

Line 1 (e.g. House/Apt/Suite Name, Number, Street, if any :

Line 2 (e.g. Town/City/Province/County/State):

Country :

Postal Code/ZIP Code (if any):

C. Mailing Address: (please only complete if different to the address shown in Section B)

Line 1 (e.g. House/Apt/Suite Name, Number, Street):

Line 2 (e.g. Town/City/Province/County/State):

Country :

Postal Code/ZIP Code (if any):

D. Date of Birth (dd/mm/yyyy)

E. Place of Birth

Town of City of Birth :

Country of Birth :

PART 2- COUNTRY/JURISDICTION OF RESIDENCE FOR TAX PURPOSES AND RELATED TAXPAYER IDENTIFICATION NUMBER OR
EQUIVALENT NUMBER* ("TIN")

Please complete the following table indicating (i) where the Account Holder is tax resident and (ii) the Account Holders TIN for each country/jurisdiction indicated.
Countries/Jurisdictions adopting the wider approach may require that the self-certification include a tax identifying number for each country/jurisdiction of residence (rather than
for each Reportable Jurisdiction)
.
If a TIN is unavailable please provide the appropriate reason A, B or C where indicated below:

Reason A - The country/jurisdiction where the Account Holder is resident does not issue TINs to its residents.

Reason B -The Account Holder is otherwise unable to obtain a TIN or equivalent number (Please explain why you are unable to obtain a TIN in the below table if you have selected
this reason).

Reason C - No TIN is required. (Note: Only select this reason if the domestic law of the relevant jurisdiction does not require the collection of the TIN issued by such jurisdiction).

Country/Jurisdiction of tax residence TIN If no TIN available enter Reason A, B or C

1
2
3
4
Please explain in the following boxes why you are unable to obtain a TIN if you selected Reason B above.

1
2
3
4

Signature of Acount Holder Signature of Joint Account Holder

 CRS-01

PART 3 - DECLARATIONS AND SIGNATURE

I understand that the information supplied by me is covered by the full provisions of the terms and conditions governing the Account Holder's relationship with KHADIM
ALI SHAH BUKHARI Securities (Pvt.) Ltd.

I acknowledge that the information contained in this form and information regarding the Account Holder and any Reportable Account(s) may be provided to the tax
authorities of the country in which this account(s) is/are maintained and exchanged with tax authorities of another country or countries in which the Account Holder
may be tax resident pursuant to intergovernmental agreements to exchange financial account information.

I certify that I am the Account Holder (or am authorized to sign for the Account Holder) of all the account(s) to which this form relates.

I declare that I have neither asked for nor, received, any advice form KHADIM ALI SHAH BUKHARI Securities (Pvt.) Ltd., in determining my classification as a Reportable
Person or otherwise.

I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.

I undertake to advise KHADIM ALI SHAH BUKHARI Securities (Pvt.) Ltd., within 30 days of any change in circumstances which affects the tax residency status of the
individual identified in Part 1 of this form or causes the information contained herein to become incorrect, and to provide KHADIM ALI SHAH BUKHARI Securities (Pvt.)
Ltd with a suitably updated self-certification and Declaration within 90 days of such change in circumstances.

Signature* :

Print Name* :

Date* :

Signature of Acount Holder Signature of Joint Account Holder

 RISK DISCLOSURE DOCUMENT
THIS PROVISION SHOULD BE READ CAREFULLY BY THE PROSPECTIVE ACCOUNT HOLDER(S) BEFORE
SIGNING THE ACCOUNT OPENING FORM AND SHOULD BE READ IN CONJUNCTION WITH THE RULES
AND REGULATIONS RELATING TO SECURITIES, ESPECIALLY THOSE OF THE PAKISTAN STOCK
EXCHANGE AND OTHER REGULATORY AUTHORITIES

This Risk Disclosure document is prescribed by the Pakistan Stock Exchange Limited (PSX) under Clause 13(1) of the Securities Broker
(Licensing and Operations) Regulations, 2016.

This document contains important information relating to various types of risks associated with trading and investment in financial
products (equity securities, fixed income instruments, derivatives' contracts etc.) being traded at PSX. The customers should carefully
read 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 the
same and PSX or Securities and Exchange Commission of Pakistan (SECP) shall not be held responsible/liable, in any manner
whatsoever, for such negative consequences or losses.

The customers must acknowledge and accept that there can be no guaranteed profit or guaranteed return on their invested capital
and under no circumstances a broker can provide customers such guarantee or fixed return on their investment in view of the fact
that the prices of securities and futures contract can fail as well as rise depending on the market conditions and performance of the
companies. Customers must understand that past performance is not a guide to future performance of the securities, contracts or
market as a whole. In case the customers have any doubt or are unclear as to the risks/information disclosed in this document, PSX
strongly 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 significant
aspects of trading/investment at the minimum level. PSX does not provide or purport to provide any advice and shall not be liable to
any person who enters into a business relationship with a broker based on any information contained in this document. Any
information 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 products in any direction. High volatility generally means that
the values of securities/contracts can undergo dramatic upswings and/or downswings during a short period. Such a
high volatility can be expected relatively more in illiquid or less frequently traded securities/contracts than in liquid
or more frequently traded ones. 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 substantially different 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
with minimal 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 minimal price di 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 of customer 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 di cult or
impossible for the customers to liquidate a position in the market at a reasonable price, when there are no outstanding o

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. These transactions are attempted to make profit from fluctuations in the market value of securities, rather than
fundamental value of a security and/or underlying attributes embodied in the securities such as dividends, bonus or any
other actor(s) materially affecting the price. Speculative trading results in an uncertain degree of gain or loss. Almost all
investment activities involve speculative risks to some extent, as a customer has no idea whether an investment will be a
blazing success or an utter failure. Day trading strategy is a common example of speculative trading in which customers
buy and sell the same security/derivative within the same day, such that all obligations are netted o and closed and no
settlement obligations stand. The customer indulging in a day-trading strategy needs to be more vigilant and informed
than the customers investing for a longer period, as market may not move during the day as the day-trader originally
anticipated, resulting in a loss to them,

1.4 RISK OF WIDER SPREAD:

The Bid-Ask spread is the difference between the offer price and bid price of a security/contract quoted by the Market
Makers or trading parties_ The size of spread is affected by a number of factors such as liquidity, volatility, free oat (the
total number of shares outstanding that are readily available for trading) etc. Generally, low liquidity, high volatility and
low free oat levels of a security may result in relatively wider Bid-Ask spread. The higher Bid-Ask spread can result in
greater cost to customers.

1.5 RISK PERTAINING TO THE PRICE FLUCTUATIONS DUE TO CORPORATE ANNOUNCEMNET:

The corporate announcements by the issuers for the corporate actions or any other material information may a ect the
price of the securities. These announcements combined with relatively lower liquidity of the security may result in
significant price volatility. The customers, while making any investment decision in such securities/contracts, are advised
to take into account such announcements. Moreover, the customers should be cautious and vigilant in case fake rumors
are circulating in the market. The Customers are advised to refrain from acting purely based on such rumors rather than
taking well informed investment decisions in the light of all facts and circumstances associated with such securities and
their issuers.

1.6 RISK REDUCING ORDERS:

The customers can place orders for limiting the fosses to certain amounts, such as Limit Orders, Stop Loss Orders, and
Market Orders etc. Customers must ask their brokers for detailed understanding of these order types_ Customers must
acknowledge that placement of such orders for limiting losses to certain extent may not always be an effective tool due
to rapid movements in the prices of securities and, as a result, such orders may not be executed.

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 any point in the day causing delay in the order's execution or confirmation. During periods of volatility, on
account of market participants continuously 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 as expected 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 and computer systems to place and route orders. All these facilities and systems are vulnerable to
temporary disruption or failure, or any such other problem/glitch, which may lead to failure to establish access to the
trading system/network. Such limitation may result in delay in processing or processing of buy or sell orders in part only
or non-processing of orders at all. As with any financial transaction, the customer may experience losses if orders cannot
be executed normally due to systems failures on the part of exchange or broker. The 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
outstanding open positions or unexecuted orders, these limitations represent a risk because of obligations to settle all
executed transactions.

1.10 RISK OF ONLINE SERVICES:

The customers who trade or intend to trade online should fully understand the potential risks associated with
 online trading. Online trading may not be completely secure and reliable and may cause delay in transmitting
information, execution of instructions due to technological barriers. Moreover, the customer acknowledges and fully
understands that he/she shall be solely responsible for any consequences arising from disclosure of the access codes
and/or passwords to any third person or any unauthorized use of the access codes andiar passwords.

1.11 REGULATIORY/LEGAL RISK:

Government policies, rules, regulations, and procedures governing trading on the exchange are updated from time to
time. Such regulatory actions and changes in the legal/regulatory ecosystem including but not limited to changes in
taxes/levies may alter the potential pro t of an investment. Some policies of the government may be focused more on
some sectors than others thereby affecting the risk and return pro le of the investment of the customers in those sectors.

2. RISKS IN DERIVATIVE AND LEVERAGE PRODUCTS:

Derivative and leveraged trades enable the customers to take larger exposure with smaller amount of investment as margin.
Such trades carry high level of risk and the customers should carefully consider whether the trading in the derivative and
leveraged products is suitable for them, as it may not be suitable for all customers. The higher the degree of leverage, the
greater the possibility of profit or loss it can generate in comparison with the investment involving full amount. Therefore, the
customers should trade in the derivative and leveraged products in light of their experiences, objectives, financial resources and
other relevant circumstances. Derivative products namely Deliverable Futures Contract, Cash Settled Futures Contract, Stock
Index Futures Contract and Index Options Contract and leveraged products namely Margin Trading System, Margin Financing
and Securities Lending and Borrowing are available for trading at stock exchange. The customer transacting in the derivative
and leveraged markets needs to carefully review the agreement provided by the brokers and also thoroughly read and
understand the speci cations, terms and conditions which may include mark-up rate, risk disclosures etc. There are a number of
additional risks that all customers need to consider while entering into derivative and leveraged market transactions. These risks
include the following:

(a) Trading in the derivative and leveraged markets involves risk and may result in potentially unlimited losses that are
greater than the amount deposited with the broker. As with any high risk for financial product, the customer should not
risk any funds that the customer cannot afford to lose, such as retirement savings, medical and other emergency funds,
funds set aside for purposes such as education 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
combinations of positions, such as spreads, may be as risky as outright long or short positions. Trading in equity futures
contracts requires knowledge of both the securities and the futures markets.

(c) The customer needs to be cautious of claims of large pro ts from trading in such products. Although the high degree of
leverage can result in large and immediate gains, it can also result in large and immediate losses.

Because of the leverage involved and the nature of equity futures contract transactions, customer may feel the effects of
(d)
his/her losses immediately. The 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 deposited or will have to deposit. This may work against customer as well as for him/her.
Customer may sustain a total loss of initial margin funds and any additional funds deposited with the broker to maintain
his/her position. If the market moves against his/her position or margin levels are increased, customer may be called
upon to pay substantial additional funds on short notice to maintain his/her position. If the customer fails to comply with
a request/call for additional funds within the time specified, his/her position may be liquidated/squared-up at a loss, and
customer will be liable for the loss, if any, in his/her account.

The customer may nd it difficult or impossible to liquidate/square-up a position due to certain market conditions.
(e) Generally, the customer enters into an o setting transaction in order to liquidate/square-up a position in a derivative or
leverage contract or to limit the risk. If the customers cannot liquidate position, they may not be able to realize a gain in
the value on position or prevent losses from increasing. This inability to liquidate could occur, for example, if trading is
halted due to some emergency or unusual event in either the equity futures contract or the underlying security, no
trading due to imposition of circuit breaker or system failure occurs on the part of exchange or at the broker carrying
customers' position. Even if customers can liquidate position, they may be forced 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
relationships to the prices of the underlying security. These pricing disparities could occur, for example, when the market
for the equity futures contract is illiquid, when the primary market for the underlying security is closed, or when the
reporting of transactions in the underlying security has been delayed.

(g) The customer may be required to settle certain futures contracts with physical delivery of the underlying security. If the
customer hold position in a physically settled equity futures contract until the end of the last trading day prior t
expiration, the customer shall be obligated to make or take delivery of the underlying securities, which could involve
additional costs. The customer should carefully review 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 pro t from intra-day
price movements ("day traders") face a number of special risks, including substantial commissions, exposure to leverage,
and competition with professional traders. The customer should thoroughly understand these risks and have appropriate
experience before engaging in day trading. The customer should obtain a clear explanation of all commissions, fees and
other charges for which he/she will be liable. These charges will affect net profit (if any) or increase loss.

3. GENERAL :

3.1 ASSETS HELD WITH BROKERS:

The customer should familiarize himself/herself with the measures available for protecting from the risk of
misappropriation or misuse of cash and securities held with the brokers. For such purpose, he/she may opt for UIN
Information System (U IS) provided by National Clearing Company of Pakistan Limited (NCCPL). The customer should
also provide correct mobile number/email address in order to receive SMS/e-Alerts services being provided by the
NCCPL and Central Depository Company of Pakistan Limited (CDC) on each trade and movement 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. The 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 PSX Regulations and/or local laws in force from time to time.

3.2 CUSTOMERS' RIGHTS AND OBLIGATIONS:

The customers must understand their rights and obligations as well as the rights and obligations of the brokers
specified under the PSX Regulations 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), where applicable, and any other applicable Rules,
Regulations, Guidelines, Circulars etc. as may be issued by SECP and PSX from time to time.

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

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

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

d) The 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.

ACKNOWLEDGEMENT RECEIPT
Application No. Date of Receipt:
I/We hereby confirm and acknowledge the receipt of duly filled and signed Customer Relationship Form from the following Applicant
[Insert Name of Application(s)] Participant's / TREC Holder Seal & Signature:
1.
2.
3.
4.