.:::S.Z Securities (Pvt) Ltd:::.Corporate Member Lahore Stock Exchange

USER AGREEMENT

This agreement is made on this_____________________________ by and between:
S.Z Securities (Pvt) Ltd, having its registered office in Lahore Stock Exchange Building 19 Kayaban-e-Awan-e-Iqbal Lahore (hereinafter called S.Z Securities (Pvt) Ltd ) And Mrs./Mr./Miss_______________________________(hereinafter called the Client")

1. DEFINITIONS
In this Agreement, the following terms shall have the meaning assigned to them:----
(a) "Account" means the Equities Trading Account maintained under this agreement,
as detailed in the Account Opening Form's
(b) "Account Holder" means the client maintaining the Account with S.Z Securities (Pvt) Ltd as an individual or in joint capacity under this Agreement.
(c) "Agreement" means this Agreement that will bind S.Z Securities (Pvt) Ltd and the Client.
(d) "COT" means Carry Over Transaction undertaken in accordance with the rules and regulations of Lahore Stock Exchange (G) Ltd.
(e) "Liabilities" means all and any sums and amounts payable by the Client to S.Z Securities (Pvt) Ltd under this Agreement at any time and from time to time on account of purchase and sale of and investments in Securities, including settlement differences, and wherever applicable, COT and Stock Exchange charges as well as all losses, damages, charges, costs, expenses, etc., incurred, suffered or sustained by S.Z Securities (Pvt) Ltd arising from or in relation to the Account and the Transactions including those relating to the enforcement of the rights that S.Z Securities (Pvt) Ltd may be enjoying under this Agreement.

(f) "Margin" means cash or marketable Securities that may be acceptable to S.Z Securities (Pvt) Ltd, in the Account of the Client as security against the Client's exposures and Liabilities.

2. ACCOUNT APPROVAL AND EFFECTIVE DATE
a. This Agreement shall come into effect upon the acceptance by S.Z Securities (Pvt) Ltd of the Account Opening Form executed by the Client, which shall be communicated verbally to the Client. The Account Opening Form signed by the Client authorizes S.Z Securities (Pvt) Ltd to verify the creditworthiness and reputation of the Client. S.Z Securities (Pvt) Ltd may reject an application or close the Account without assigning any reasons.
b. S.Z Securities (Pvt) Ltd may obtain credit reports, contact employers and business acquaintances of the Client and their banks and financial institutions, and make any other inquiries, which S.Z Securities (Pvt) Ltd deems necessary.

3. ACCURACY AND REPRESENTATIONS
a. The information supplied by the Client on any Account Opening Form is warranted by the Client to be accurate and the Client agrees to notify S.Z Securities (Pvt) Ltd in writing of any changes in that information. The Client warrants that only he or they has/have an interest in the Account and that they have attained the age of majority.
b. The Client also agrees to notify S.Z Securities (Pvt) Ltd in writing if he or they are or become (1) employed or affiliated with any securities firm, brokerage house or Stock Exchange, (2) an officer, director, affiliate or 10% shareholder of a public listed company.
c. In case any Securities held by the Client in his account comes within the limitations or prohibitions of any laws or prohibitory orders of any court or lawful authority, the Client shall forthwith notify the same to S.Z Securities (Pvt) Ltd.

4. MARGIN DEPOSIT & INDEBTEDNESS
a.----------- margin would be required in the Account (in cash or Securities) before executing any Orders or undertaking any Transactions in account of Client.S.Z Securities (Pvt) Ltd shall have the right to liquidate the Client's trading position(s) if the Account margin is reduced or insufficient at any time.
b. S.Z Securities (Pvt) Ltd may at its discretion elect, with or without notice, to square off the Client's Account and make all obligations in the Account immediately due and payable by the Client without assigning any reasons.

5. COMMISSIONS
S.Z Securities (Pvt) Ltd shall charge commission from the Client on each purchase, sale and COT Transaction and proceeds bills, purchase bills and sale memos, etc., will be inclusive of commissions. The rates of commission shall be notified to the Client from time to time by S.Z Securities (Pvt) Ltd.

6. ASSIGNMENT
The Agreement shall inure to the benefit of S.Z Securities (Pvt) Ltd and its successors and assigns. S.Z Securities (Pvt) Ltd may assign its rights and duties under this agreement to any affiliate, subsidiary or successor without notice to you, or to any other entity.

7. EXTRAORDINARY EVENTS
S.Z Securities (Pvt) Ltd will not be liable for losses incurred directly or indirectly by causes beyond its control including but not limited to government restrictions, natural disasters, wars, strikes, exchange or market rulings, interruptions of data processing services or communications, or disruptions in orderly trading on any market or Stock Exchange. The Client assumes all market and specific risks of the investments you have made.

8. MARKET DATA
The market data available to client is from sources believed to be accurate and reliable. However, S.Z Securities (Pvt) Ltd does not in any way warrant or guarantee its accuracy and can not be held liable for inaccuracies or interruptions in its availability.

9. TERMINATION
S.Z Securities (Pvt) Ltd may terminate any or all services rendered under this Agreement at any time and for any reason. The Client may close his Account at any time by giving us written notice. Upon termination, the Client will remain liable for any deficiencies or debit balances in the Account Client agrees to reimburse S.Z Securities (Pvt) Ltd for any collection cost relating to any unsecured debit balance in the Account, including attorney's fees, court costs, and arbitration expenses.

10. ARBITRATION
In the event of any disputes, differences or controversies arising out of the Agreement, including the interpretation of the terms hereof ("Disputes"), the same shall be referred to Arbitrator. The Arbitration shall be held in accordance with arbitration Act, 1940, as amended from time to time and the venue of Arbitration shall be Lahore.

11. NON-COMPLIANCE
In the event of the client's refusal to obtain delivery and to make the payment against any purchase contract or refusal or delay in effecting delivery against any sale contract, the client shall be liable to compensate S.Z Securities (Pvt) Ltd for all losses and damages, including the financial cost as well as legal cost (if any) that S.Z Securities (Pvt) Ltd may suffer or sustain on account of the client's delay or default as mentioned above.

12. REGULATIONS & GOVERNING LAW
The Account will be subject to the rules, regulations, customs, and practices of the Stock Exchanges, CDC, markets, Clearing Corporation, self-regulatory organizations, and applicable provincial and federal laws. All agreements and their enforcement will be governed by Pakistani Law.
Client Name : _____________________________________________A/C #__________
Contact No : _________________________________N.I.C ______________________
E-Mail ID : ____________________________________________________________

USER AGREEMENT

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