Asha Securities Online Application Portal

CLIENT REGISTRATION FORM (FOR INDIVIDUALS)

Title

Initials

Names Denoted By Intials

Surname

Telephone

Mobile No.

Permanent Address

Correspondence Address

Passport Number

Nationality

Passport Date of Issue

Passport Date of Expiry

CDS A/C No

MSB

Occupation

Employee Address

Contact No.

Bank (IIA) Account Details

Contact Details of the Local Bank

Stock Market Experience

Present Broker (s) if any

Investment Decisions Are To Be :

Discretionary

If so please fill form of Discretionary

Non Discretionary

(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)

Title

Initials

Names Denoted By Intials

Surnames

Telephone

Mobile No.

Permanent Address

Correspondence Address

Passport Number

Nationality

CDS A/C No

MSB

Title

Initials

Names Denoted By Intials

Surnames

Res. Address

Office Address

Passport Number

Passport Date of Issue

Occupation

Nationality

Telephone

Reference to Section 1.1 (a) of the Client Agreement of Asha Securities Limited
Joint CDS Account Instructions

CDS A/C No

MSB

Principal Holder

First Joint Holder (Only applicable for joint applications.)

Second Joint Holder (Only applicable for joint applications.)

Date

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

Herewith attached the photocopy of bank proof for your reference.

Signature of Principal Applicant

Signature of Joint Applicant

Signature of 2nd Joint Applicant

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

Clients Signature

Name of Person/s Authorises to Give Instructions

NIC of Person/s Authorises to Give Instructions

Office Use Only

Application received on

Advisor's Name

Advisor's Signature

I/We

Name

Passport Number

CDS A/C No

MSB

Address

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.

Signature of Principal Applicant

Signature of Joint Applicant

Signature of 2nd Joint Applicant

Name of the Certifying Officer

Signature of the Certifying Officer

Date

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:

The prices of securities fluctuate, sometimes drastically and the price of a security may depreciate in value and may even become valueless.
It is possible that losses may be incurred rather than profits made as a result of transacting in securities
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 :

Signature

Name

Designation

Passport Number

Date

SCHEDULE 2 - ACKNOWLEDGEMENT

I/We

(1)

bearing Passport Number.

(2)

bearing Passport Number.

and

(3)

bearing Passport Number.

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;

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

Signature of Principal Applicant

Signature of Joint Applicant

Signature of 2nd Joint Applicant

Date

CLIENT AGREEMENT

This Agreement is made and entered into on this

day of

By and Between

(1)

bearing Passport Number

(2)

bearing Passport Number

(3)

bearing Passport Number

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

And

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:

1.0 RIGHTS AND RESPONSIBILITIES OF THE CLIENT/S

1.1 Subject to clause 1.5 below;

In the event of a Joint Account, the Client/5 shall provide to the Stockbroker Firm, the names of the persons

authorized to give trading orders and settlement instructions; and
to whom payments by the Stockbroker Firm are to be made.

In the event of a Corporate Client Account, the Client shall provide to the Stockbroker Firm, the name's of specific directors and officers authorized to;

trade in securities; and
execute all documentation for trading and settlement in the account,together with a copy of the Board resolution certified by the Company Secretary evidencing same.

The aforesaid person/s shall hereinafter be referred to as 'authorized person/s'.

1.2 The Client's shall notify the Stockbroker Firm in writing, if there is any change in the contact and/or other information provided by the Client/s to the Stockbroker Firm, within seven (7) calendar days of such change.

1.3 Subject to clause 1.5 below, in the event the Client/authorized person(s) (as applicable) intends to purchase and/or sell securities, the Client/authorized person(s) (as applicable) shall give specific order instructions to the Investment Advisor (an employee of the Stockbroker Firm, who is certified by the CSE/SEC to deal with Clients) assigned to deal with the Client/5 regarding same.

1.4 The Client/authorized person(s) (as applicable) authorizeis the Stockbroker Firm to accept order instructions given by the Client/authorized person(s) (as applicable) to the Stockbroker Firm pertaining to the CDS Account of the Client's through electronic means and other means including telephone, Short Message Service (SMS), E-mail and Fax. The order instructions provided by the Client/authorized person(s) (as applicable) through aforesaid means shall not be revoked or withdrawn by the Client/authorized person(s) (as applicable) after the execution of the order and shall therefore be confirmed.

1.5 If the Client/s intends the Stockbroker Firm to use the Stockbroker Firm's own judgment, expertise and discretion to buy and/or sell securities on behalf of the Client/s, the Client's shall provide the prior written authorization to the Stockbroker Firm for same.

The said written authorization provided by the Client's to the Stockbroker Firm shall clearly include the following;

Name of the Client's and the CDS Account Number;
Effective Date of the authorization;
Applicable period of the authorization;
Investment objective (short term, long term, trading in any specific industry, any other specifications); and,
Purpose of giving discretion to the Registered Investment Advisor.

1.6 The Client/s shall ensure that cleared funds are made available to the Stockbroker Firm in respect of the securities purchased by the Stockbroker Firm on behalf of the Client/s, by 09.00 hours on the settlement date of such purchase transaction and if the Client/s fail/s to make payment as aforesaid, the Stockbroker Firm may, at its absolute discretion, charge an interest commencing from the day after the settlement date at a rate decided by the Stockbroker Firm, but not exceeding 0.1 % per day as specified in the Stockbroker/Stock Dealer Rules of the CSE. The Client/s shall accept the liabilities arising from all authorized transactions executed in the CDS Account of the Client/authorized person(s) (as applicable) by the Investment Advisor.

1.7 If the Client/s has/have a complaint against the Stockbroker Firm relating to a particular transaction/s, the Client/s shall first refer such complaint to the Compliance Officer of the Stockbroker Firm, in writing, within a period of three (3) months from the date of the transaction/s. Where the Client/s is/are not satisfied with the decision given by the Stockbroker Firm or the manner in which the complaint was dealt with by the Stockbroker Firm, the Client/s may refer the complaint to the CSE, in writing, in accordance with the Procedure set out by the CSE (which is available on the CSE website, www.cse.lk).

1.8 The Client/s agree/s that the Stockbroker Firm may, at its absolute discretion, sell not only the securities in respect of which payment has been defaulted by the Client/s, but also any other securities lying in the CDS Account of the Client/s in respect of which payment has been made by the Client/s, in full or part, in order to enable the Stockbroker Firm to recover the monies due to the Stockbroker Firm from the Client/s including interest and other applicable charges.

1.9 The Client/s shall not;

use any funds derived through illegal activity for the purpose of settling purchases of securities to the Client's CDS Account.
Enter into any verbal or written agreement/s with the employee/s of the Stockbroker Firm to share profits arising from the transactions carried out on behalf of the Client/s by the Stockbroker Firm.

2.0 RIGHTS AND RESPONSIBILITIES OF THE STOCKBROKER FIRM

2.1 Subject to clause 2.3 below;

In the event of a Joint Account, the Stockbroker Firm shall obtain from the Client's, the name's of the persons;

authorized to give trading orders and settlement instructions; and,
to whom payments by the Stockbroker Firm are to be made.

In the event of a Corporate Client Account, the Stockbroker Firm shall obtain from the Client's, the name's of specific directors and officers authorized to;

trade in securities; and,
- execute all documentation for trading and settlement in the account,
together with a copy of the Board resolution certified by the Company Secretary evidencing same.

the Stockbroker Firm shall carry out all transactions based on the specific order instructions provided by the Client/authorized person(s) (as applicable) through the communications channels specified in clause 1.4 of this Agreement.

2.2 Prior to accepting any orders from a third party on behalf of the Client/s, the Stockbroker Firm shall first obtain the written authorization of the Client/s empowering the third party to trade on behalf of the Client/s through the Client's CDS Account.

2.3 The Stockbroker Firm shall not exercise the discretion to buy or sell securities on behalf of the Client/s, unless the Client/s has/have given prior written authorization to the Stockbroker Firm to effect transactions for the Client's without his/their specific order instructions as set out in clause 1.5 of this Agreement.

2.4 The Stockbroker Firm shall send to the Client/s a note confirming the purchase and/or sale of securities (bought/sold note) by the end of the trade day (T). Upon obtaining the prior consent of the Client/s, the Stockbroker Firm may send the bought/sold notes to the Client/s in electronic form to the e-mail address provided by the Client/s for such purpose.

2.5 The Stockbroker Firm shall send a Statement of Accounts to the Client/s who is/are debtor/s over Trade Day + 3 (T+3), on a monthly basis by the 7th day of the following month. This should apply when the client/s has/have had transactions during the month and the "interest charged on delayed payment" should also be considered as a transaction for this purpose. Such Statement of Accounts shall specify the transactions in the account including receipts and payments during the month under reference.

2.6 In the event the Statements of Accounts are issued electronically, the Stockbroker Firm shall obtain the consent of the Client/s and retain evidence of such consent.

2.7 The Stockbroker Firm shall provide a copy of its latest Audited Financial Statements filed with the CSE to a Client/s, upon request by such Client/s.

2.8 The Stockbroker Firm shall communicate in writing, directly with its Client/s in respect of statements, bought/sold notes or any other information unless the Client/s has/have authorized the Stockbroker Firm otherwise in writing.

2.9 The Stockbroker Firm shall ensure that 'cleared funds' are made available to the Client(s) /authorized person(s) (as applicable) on the settlement date, unless the Client/s has/have expressly permitted the Stockbroker Firm, in writing, to hold the sales proceeds for future purchases.

2.10 Upon the request of the Client/s, the Stockbroker Firm may:

extend credit facilitates to the Client/s solely for the purpose of purchasing securities on the CSE and in accordance with the applicable Rules set out in the CSE Stockbroker Rules and terms and condition mutually agreed to between the Client/s and the Stockbroker Firm by way of a written agreement for extension of such facilities.

provide internet trading facilities to such Client/s based on a written agreement mutually agreed between the Client/sand the Stockbroker Firm, in accordance with the requirements applicable to Internet Trading published by the CSE from time to time.

2.11 The Stockbroker Firm shall assign a Registered Investment Advisor to deal with the Client/sand shall inform such Client/s regarding the name and contact details of the Registered investment Advisor assigned to such Client/s. Further, the Stockbroker Firm shall inform the Client in writing regarding any change to the Registered Investment Advisor within seven (7) Calendar Days of such change.

2.12 The Stockbroker Firm shall forthwith notify the Client/s in writing, if there is any material change in contact or other information provided to the Client/s by the Stockbroker Firm.

2.13 The Stockbroker Firm undertakes to maintain all information of the Client/sin complete confidence and the Stockbroker Firm shall not disclose such information to any person except in accordance with the Stockbroker Rules of the CSE.

2.14 The Stockbroker Firm shall disclose to the Client/s, the existence of any incentive scheme applicable for employees of the Stockbroker Firm, which is based on turnover generated from the transactions carried out by the employees for the Client/ s.

2.15 The Stockbroker Firm may recover any outstanding balance arising from the purchase of securities of the Client/s from the sales proceeds due to the buyer only in the circumstances set out in the Stockbroker Rules of the CSE.

2.16 The Stockbroker Firm shall provide services to the Client/sin compliance with the applicable Rules of the CSE, CDS, SEC and other applicable laws of Sri Lanka.

3.0 RISK DISCLOSURE STATEMENT

3.1 The Stockbroker Firm agrees that a member of its staff who is authorized by the Board of Directors of the Stockbroker Firm to make declarations on behalf of the Stockbroker Firm has explained the applicable Risk Disclosures to the Client/sand has executed the declaration set out in Schedule 1 hereto in proof of same and such Schedule 1 shall form part and parcel of this Agreement

3.2 The Client's agrees and acknowledge/s that he/she/it has understood the Risk Disclosures explained by the Stockbroker Firm and executed the Acknowledgement set out in Schedule 2 here to and such Schedule 2 shall form part and parcel of this Agreement.

4.0 INDEMNITY AND LIMITATION OFLIABILITY

4.1 Each Party hereto, agrees to indemnify, defend and hold harmless the other Party against any loss, liability, damages, claims and costs, which each such Party may sustain by reason of negligence and/or breach of the terms and conditions hereof committed by the other Party hereto or its representatives. The aggrieved Party shall be entitled to enforce its/his/her indemnity rights by injunction or other equitable relief in any competent court of law in Sri Lanka.

4.2 The Client's agrees's that the Stockbroker Firm will not be liable for any losses arising out of or relating to any cause which is beyond the control of the Stockbroker Firm.

5.0 TERMINATION

5.1 This Agreement shall forthwith terminate, if the Stockbroker Firm for any reason ceases to be a Member/Trading Member of the CSE or if the license issued to the Stockbroker Firm by the SEC is cancelled.

5.2 The Parties shall be entitled to terminate this Agreement upon giving notice in writing of not less than fourteen (14) calendar days to the other Party.

5.3 Notwithstanding any such termination, all rights, liabilities and obligations of the Parties arising out of or in respect of the transactions entered into prior to the termination of this Agreement shall continue to be in force.

6.0 GENERAL

6.1 Words and expressions which are used in this Agreement, but which are not defined herein shall, unless the context otherwise requires, have the same meaning as assigned thereto in the Rules of the CSE, SEC and other applicable laws of Sri Lanka.

6.2 The terms and conditions contained in this Agreement shall be subject to the applicable Rules, Regulations, Guidelines and Directions issued by SEC, Rules and Circulars of the CSE and other applicable laws of Sri Lanka..

6.3 In the event of any contradiction between the terms and conditions hereof and the applicable Rules, Regulations, Guidelines and Directions issued by SEC, Rules and Circulars of the CSE or other applicable laws of Sri Lanka, the applicable Rules, Regulations, Guidelines and Directions issued by SEC, Rules and Circulars of the CSE or other applicable laws of Sri Lanka (as applicable) shall prevail.

IN WITNESS WHEREOF the Parties to the Agreement have set their respective hands hereto and to one (01) other of the same tenor and date as herein above mentioned.

Signature of Principal Applicant

Signature of Joint Applicant

Signature of 2nd Joint Applicant

Authorized Signatory of the Stockbroker Firm

Witness 1

Witness 2

DIRECTFN ONLINE FORM & AGREEMENT

Client Name

Address

Telephone

CDS A/C No

MSB

CDS Name

CDS A/C No

MSB

CDS Name

I/We

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

Signature of Principal Applicant

Signature of Joint Applicant

Office Use Only

User Name:

Advisor:

Authorised Signature

Date