CLIENT REGISTRATION FORM (FOR INDIVIDUALS)

(A discretionary account is a CDS account that allows the investment advisor to buy and sell securities without the client's consent for each trade. The client must sign a discretionary disclosure with the broker clearly stating the investment objectives of the Client as documentation of the client's consent)


Reference to Section 1.1 (a) of the Client Agreement of Asha Securities Limited, I,

authorize

to give trading orders and settlement orders to Asha Securities Limited. I,

have no objection in Asha Securities Limited making payments to

Declaration by the staff,

(Investment Advisor) on behalf of the Asha Securities Ltd has clearly explained the Risk disclosure statement to the client while inviting the client to read and ask questions and take independent advice if the client wishes

Office Use Only

here by declare that I / we aware of particulars given below.

I / We undertake to operate my / our share trading account with ASHA SECURITIES LTD. (Hereinafter referred to as BROKER) in accordance with CSE Stock Broker Rule and other prevailing laws and regulations of Sri Lanka and in particular to the authority hereinafter granted by me / us to the Broker.

In the event of my / our failure to settle the amounts due in respect of a share purchase, I / we do hereby irrevocably authorize the Broker to sell such securities involved in the default and if such proceeds are inadequate to cover the shortfall and any loss incurred by the Broker, to sell any other security in my / our portfolio held by the Broker in the Central Depository Systems (Pvt) Ltd., so that the full amount due to the Broker may be settled and any surplus arising on the sale of shares shall accrue to the Broker unless such surplus arise from the sale of other quoted shares deposited by the buyer as collateral with broker in which event the surplus shall be remitted to after settlement day of the relevant sale (s).

The funds to be invested for the purchase of Securities through the Securities Account to be opened with the CDS will not be funds derived from any money laundering activity or funds generated through financing of terrorist or any other illegal activity.

In the event of a variation of any information given in the CDS Form 1, Addendum to CDS Form 1 (A) this declaration and other information submitted by me / us along with the application to open a CDS Account, I / we undertake to inform the CDS in writing within fourteen (14) days of such variation.

Change of Broker Material Information (Ownership /Address) will be notified over public notice in printed Media.

The irrevocable authority granted hereby shall in no way effect or exempt me / us from any liability as stated herein towards the BROKER arising from or consequent upon any such default.

Also I / we do hereby irrevocably agree that in the event of any purchase orders placed with you for the purchase of shares, I / we shall pay approximately 50% of the value of such purchase by a legal tender which amount shall be set off against the total amount due from me / us to you on the due date of settlement in respect of such purchases, and the relevant investment advisors may be incentiviced by the company on such purchase and sales turnovers.

Any delayed payments will be subject to additional interest cost on the consideration and will be debited to my / our account. Interest percentage will be decided by the Broker considering the prevailing interest rates. (not exceeding a maximum interest rate of 0.1% per day)

The risk disclosure statement was explained while advising independently and was invited to read and ask questions.

Services provided: - Online Facility, Research Reports.

SCHEDULE 1 - DECLARATION

an employee of Asha Securities Ltd (Stockbroker Firm), who is duly authorized by the Board of Directors of the Stockbroker Firm to make declarations on its behalf hereby confirm that the following risks involved in investing/trading in securities listed on the Colombo Stock Exchange ('Risk Disclosure Statements') were clearly explained by me to

('the Client/s') and invited the Client/s to read the below mentioned Risk Disclosure Statements, ask questions and take independent advice if the Client/s wish/es to:

  1. The prices of securities fluctuate, sometimes drastically and the price of a security may depreciate in value and may even become valueless.
  2. It is possible that losses may be incurred rather than profits made as a result of transacting in securities
  3. It is advisable to invest funds that are not required in the short term to reduce the risk of investing.

Signed on behalf of the Stockbroker Firm by :

SCHEDULE 2 - ACKNOWLEDGEMENT

I/We

(1)

bearing Passport Number.

of

(2)

bearing Passport Number.

of

and

(3)

bearing Passport Number.

of

agree and acknowledge that the following risks involved in investing / trading in securities listed on the Colombo Stock Exchange ('Risk Disclosure Statements') were explained to me/ us by

an employee of Asha Securities Ltd ('Stockbroker Firm') and I/we was/were invited to read the below mentioned Risk Disclosure Statements, ask questions and take independent advice if I/we wish to Additionally, I/we acknowledge that I/we understood the following Risk Disclosure Statements;

  1. The Prices of securities fluctuate, sometimes drastically and the price of a security may depreciate in value and may even become valueless.
  2. It is possible that losses may be incurred rather than profits made as a result of transacting in securities.
  3. It is advisable to invest funds that are not required in the short term to reduce the risk of investing.

CLIENT AGREEMENT

This Agreement is made and entered into on this

day of

(1)

bearing Passport Number

of

(2)

bearing Passport Number

of

(3)

bearing Passport Number

of

(hereinafter sometimes jointly and severally referred to as the "Client/s" ) of the One Part

Asha Securities Ltd a company duly incorporated under the laws of Sri Lanka bearing Company registration No. P B 405 and having its registered office at No 60 5th Lane Colombo 03(hereinafter referred to as "the Stockbroker Firm" which term or expression has herein used shall where the context requires or admits mean and include the said Stockbroker Firm, its successors and permitted assigns) of the Other Part;

The Client's and the Stockbroker Firm shall hereinafter be collectively referred to as "Parties" and each individually as "Party".

WHEREAS the Stockbroker Firm is a Member/Trading Member of the Colombo Stock Exchange (hereinafter referred to as the 'CSE') and is licensed by the Securities and Exchange Commission of Sri Lanka (hereinafter referred to as the 'SEC') to operate as a Stockbroker;

AND WHEREAS the Client/s is/are desirous of trading on the securities listed on the CSE through the said Stockbroker Firm and the Stockbroker Firm agrees to provide such services to the Client/s in accordance with the applicable Rules of the CSE, CDS, SEC and other applicable laws of Sri Lanka.

NOW THEREFORE THIS AGREEMENT WITNESSETH and it is hereby agreed by and between the Parties hereto as follows:

DIRECTFN ONLINE FORM & AGREEMENT

I/We

of

request you to allow me the use of Asha Securities Ltd (hereinafter referred to as “ASL”) Internet Trading Service (hereinafter referred to as the “Online Service”) and hereby agree to be bound by the terms and conditions governing such service.

I/We do hereby authorise ASL to issue me/us the distinctive user identification number (hereinafter sometimes referred to as the User ID) for the purpose of using the Online Service by me/us

I/We do hereby undertake that the online service used solely for the purpose of operating my/our CDS account.

By completing this online “Internet Trading Online Form and Agreement, I/We authorize ASL to accept or act upon all instructions or messages which purport to come from me/us and are received through the Online Service and authenticated in the manner described by ASL under the usage of password issued to me/us by ASL. Passwords shall mean original passwords confidentially generated or subsequent passwords generated and issued exclusively for me/us on my/our request. Issue shall mean the emailing of password to the address given in the Application Form.

I/we will immediately bring to the notice of ASL any error, discrepancy or omission noted by me/us.

If my/our securities account with ASL is a jointly held account, every holder shall be jointly and severally liable for all transactions arising from the use of Online Trading.

I/We do hereby agree to change the password immediately after accessing Online Service and thereafter at regular intervals in keeping with ASL’srequirements.

I/We shall inform ASL immediately if I/we become aware of any act or attempt of unauthorized use of the User ID and Password by anyone.

I/we shall not attempt to effect transactions through Online Service unless sufficient funds (for purchases of securities) inclusive of other charges associated with the transaction, are available in with me/us. For the purpose of this Agreement “Sufficient Funds” shall mean, in case of a cash deposit, up to 100% of the value the proposed transactions to be effected by me/us through internet trading or otherwise and in case of the securities portfolio such percentage made available to us by ASL from time to time. I/we hereby authorize ASL at its sole discretion to sell any securities that are in my/our accounts maintained with ASL in order to recover any loss or damages that shall arise to ASL as a result of me/us trading through the Online Service without sufficient funds or any other reason whatsoever. This right of ASL shall be in addition to any other rights that shall be available to ASL under any laws or regulations including the rules and regulations of theSecurities and Exchange Commission of Sri Lanka, the Colombo Stock Exchange and the Central Depository Systems (Private) Limited

I/we hereby acknowledge that I am permitted to enter into this agreement in terms of the ASL member application signed by me whereby I/we have opened a CDS account/s with ASL and that the terms and conditions contained herein are in addition to the other documents and agreements that I have signed with ASL.

I/We are fully liable and responsible for all consequences arising from or in connection with use of the Online Service services and/or access to any information or report (including market analysis information) or any other information as a result of such use by me/us or any other person whether or not authorized.

ASL shall at any time be entitled to amend, supplement or vary any of these terms and conditions, at its absolute discretion with notice to me/us and such amendment, supplement or variation shall be binding on me/us.

I/we do hereby agree to abide by the terms and conditions applicable to any new features/options/version updates that may be introduced by ASL subsequent to this application; upon I/we expressly registers myself/ourselves to obtain such services

The use of the Online Service shall be subject to the prevailing rules of the Securities and Exchange Commission of Sri Lanka, the Colombo Stock Exchange and the Central Depository Systems (Private) Limited and ASL, Rules and Regulations and any Terms and Conditions governing all services, facilities and transactions covered by the Online Service.

I/We have read and understood the foregoing and agree to be bound by the above terms and conditions contained in this agreement


Office Use Only

© Asha Securities Limited, All Rights Reserved.