Enrichers Private Limited

Corporate Member of Pakistan Mercantile Exchange

1. Attested copies of National Identity Card of the applicant. 1. Attested copies of memorandum and Articles of
2. Attested copies of National Identity Card of the minees(s) (if 2. Association/Partnership deed and Certificate of
applicable) Incorporation.
3. Attested copies of passports of the applicant, or 3. Board of Directors’ Resolution.
Nominees(s)(in case of non-residents) List of Authorized Directors/Officers,who would operate the
4. Copy of authorization from the Account Holder(s) of the 4. Account with attested copies of their NICs.
person authorized to trade in the Account (if other then the Specimen Signature Cards.
account holder ). 5. Details of promoters/partners/key manger personnel of the
5. A list of Transaction fee, Commission to be charged by the company/firm.
broker and other charges to be levied. 6. Copies of annual report of last 3 years .
6. Copy of income tax return. Net worth (certified) as DD-MM-YY
All funds deposited by the Account Holder(s)with their broker will be held in a segregated bank
account, “Client Group Account”, set up by the broker with the Exchange approved Clearing Bank (s)
(the “Bank”).
The Account Holder(s) shall not be entitled to give any instructions to the bank in relation to any of the
funds held by the bank in that particular segregated account.

Margin deposits: The Account Holders(s) shall pay to the Broker such amount as a margin deposit as
decided by the broker subject to the minimum margin determined by the Exchange.
The terms and conditions set herein below shall be equally binding on the Broker and the Account Holder(s):

1. All trades, transactions and contracts between the parties shall be subject to the Securities & Exchange Ordinance,
1969 read with the Securities & Exchange Commission of Pakistan Act, 1997, Commodity Exchange and Future
Contract Rules, 2005, General Regulations of the Exchange, Notices and Circulars. The Broker shall ensure
provisions of copies of all the above Rules, Regulations, Notices and Circulars at his office for access to the
Account Holder(s) during working hours.

2. In the event of the death or insolvency of the Account Holder(s) or his otherwise becoming incapable of receiving
and paying for or delivering or transferring commodities which the Account Holder(s) has ordered to be bought or
sold, the Broker may with the approval of the Exchange, close out the transaction of the Account Holder(s) and the
Account Holder(s) or his legal representative shall be liablefor any losses, costs, damages including statutory /
regulatory charges, if any and be entitled to anysurplus / profits which may result there from

3. Payment of Margins: Variation Margin will be collected in cash only. The Account Holder(s)’s further order will add
to the open positions only if the balance of the initial margin deposit is adequate to meet the initial margin required
on such new positions. The Account Holder(s) shall not be permitted to create any new open positions, until receipt
of such additional initial margin.

4. All positions (brought forward, created during the day, closed out during the day) in Commodity Futures Contracts,
at the close of trading hours on a day, shall be marked to market at the Daily Settlement Price (for Daily Mark t o
Market Settlement) and settled.

5. Variation Margin calls resulting due to daily Mark to Market settlement in respect of admitted deals in Commodity
Futures Contracts shall be cash settled, only.

6. Mark to market settlement resulting in losses: Losses incurred at the end of the trading day will be first deducted
from the respective funds available with the Exchange in the form of Margin deposits, after covering up the minimum
margin required at the end of the trading day. If the balance available to the credit of the Account Holder(s) is not
adequate to cover the loss incurred by the Broker or Account Holder(s) a variation margin call will be generated to
cover the amount of loss. Variation Margin call amount will be collected from each Account Holder(s). The Account
Holder(s) will be required to pay to the Exchange 100% of the amount of Variation Margin call in cash. Variation
Margin Calls (Losses) at the end of each day will be paid to the Clearing House latest by the Exchange determined
cutoff time on the same trading day.

7. In case an Account Holder(s) fails to deposit the amount of Variation Margin call during the timings specified by the
Exchange his trading account(s) and the rights arising in connection thereto will be suspended.

8. In Case of Profits: Profit earned at the end of the trading day will be added / credited to the respective funds available
with the Exchange in the form of Margin deposits. The amount will increase the balance available at the end of
trading day, to take further positions.

9. On Expiry date of a commodity futures contract, all Account Holder(s) s with open positions, will bematched for
delivery in respect of all positions individually.

10. A detailed report containing all matched and unmatched requests will be provided to Account Holder(s) before the
end of the day on expiration of the commodity futures contract.

11. The Account Holder(s) acknowledges that all contracts culminating in delivery, which are not squared off, would be
transactions for purchase and sales between the Account Holder(s), and the Account Holder(s) would be personally
liable to each other through the contract. The relationship between the Account Holder(s) inter se is and will be
governed and regulated by the Regulations of the Exchange.

12. Deliveries: The Account Holder(s) will be responsible for providing information for the purposes of giving / taking
delivery against his Open Position along-with information necessary for giving / taking delivery within stipulated
period as determined by the Exchange. The Broker shall be responsible for the collection of such said information
from the Account Holder(s) and to submit the same to the Exchange.

13. The Exchange at the end of the stipulated period shall match the information provided by the Broker against Net
Open Positions of the Account Holder(s) and shall confirm the Delivery / Receipt to be effected against Delivery
information submitted by the Broker.
14. The Account Holder(s) shall co-ordinate with the Broker to ensure that all requirements for giving / taking delivery
are fulfilled. The Account Holder(s) shall also ensure that all statutory requirements laid down regarding Sale /
Purchase of goods including payment of taxes, local levies and other statutory / regulatory charges as prescribed
under applicable laws from time to time are complied with.

16. The Account Holder(s) shall submit Invoices any and all such other documents as required under the prevalent laws
and forward the same to the Clearing House within stipulated period as specified by the Exchange from time to time.

17. Account Holder(s) shall authorize the Broker to buy, sell or close out any part or all of the contracts held in the
Account Holder(s) account with the Broker. The Account Holder(s) will reimburse the Broker for any and all such
incidental expense as may be incurred by the Broker for an on account of the Account Holder(s).

18. While the Broker shall make every effort to carry out the instructions of the Account Holder(s), within the limits of the
prices instructed by the Account Holder(s), and to execute the instructions in full, the Broker does not in any manner,
express or implied, guarantee, promise, warrant, represent or assure that the instructions of the Account Holder(s)
will be implemented fully or even partially and/or within the limits notified by the Account Holder(s). The Account
Holder(s) agree(s) that it/they shall not be entitled to make any claim against the Broker and the Broker shall not be
responsible for any loss arising out of instructions not implemented fully or partially, due to oversight or reasons not
attributable to the Broker or reasons beyond the Broker’s control, unless the loss to the Account Holder(s) has arisen
out of the gross negligence or oversight of the Broker.

19. All purchases and sales of commodity shall be executed by the Broker during the trading hours of the Exchange.
Unless the Account Holder(s) give(s) specific instructions to the Broker to the contrary, the Account Holder(s)
acknowledge(s) that all orders shall be good for the pertinent day only and shall lapse at the end of the official
trading day of the Exchange.

20. The Broker may, from time to time at the request of the Account Holder(s) or of its own volition, provide to the
Account Holder(s) information relating to investment opportunities in the market and/or of finances/ economic
nature. The Broker however does not guarantee the accuracy/veracity/reliability of such information and the Account
Holder(s) acknowledge(s) that any steps or instructions issued in reliance of such information shall be deemed to
have been unilaterally taken/ issued by the Account Holders at his/her/their sole risk and responsibility in respect of
the consequences emanating there from. It is agreed and understood that the decision to sell or purchase any
commodities or to make any investments or disinvestments, shall be deemed to have been made only by the
Account Holder(s) based on his/her/ their own acumen and judgment, without any representation or assurance from
the Broker as to its profitability or viability.

21. The Broker is entitled to assume the correctness and validity of any instructions given by or which appear to have
been duly authorized by the Account Holder(s) and his Authorized Person and any action taken by the Broker shall
be valid and binding upon the Account Holder.

22..The Broker shall provide the trade confirmation of the executed transactions to the Account Holder at the above
stated address by means of acceptable mode of communication or by hand subject to acknowledgment receipt as
noted in Clause 17

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

24. Provisions in case of Default: In the event of a default of a Broker on his own account, the Account Holder(s) money
shall not be utilized to meet the Broker’s liabilities. In such cases, the Account Holder(s)’s positions shall be either
transferred to another solvent Broker or closed-out as per the Regulations of the Exchange. The loss, if any, caused
to the Account Holder(s) because of such action would be recoverable by the Account Holder(s) from the Broker. In
the event of failure of the Account Holder(s) to fulfill his obligations to the Broker, the Exchange or the Clearing
House, the Account Holder(s)’s position may be closed out and the money, if any, of the Account Holder(s) available
with the Broker or with any other Broker or the Exchange, may be adjusted against the Account Holder(s)’s
liabilities / obligations.

25. In case of any amount due from the Account Holder(s) has not been paid within the period specified, the Broker shall
have the right to settle the outstanding amounts by closing out the contract. The Account Holder(s) shall further be
liable for all losses, damages, costs and expenses, which the Broker may suffer or sustain due to non-payment by
the Account Holder(s).

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

27. The Account Holder (s) shall operate the account and execute transactions himself/herself/themselves unless the
Account Holder(s) authorize Mr./Ms./ ____________________________ I. D. No._____________________
(Authorized Person) to transact in the account in which event the transactions shall be executed by the Authorized
Person on behalf of the Account Holder(s). All transactions executed by the Authorized Person shall be binding upon
the Account Holder(s). The Broker shall upon receipt of instructions from the Account Holder or the Authorized
Person is entitled to purchase or sell, the commodities and deal in and engage in transactions in commodities upon
the instructions of the Account Holder(s) and/or his/her/their Authorized Persons, as provided in Clause 17
hereinabove.

28. The Broker shall be responsible to append a list of his authorized traders and designated employees, who can deal
with the Account Holder(s), with this Account opening form and a copy of both the opening form and the list will be
provided to the Account Holder(s). Any change therein shall be intimated in writing to the Account Holder(s) with
immediate effect. The Account Holder(s) shall not deal with any person at the Broker’s office, except with the
Broker’s key personnel. The Broker shall not be responsible for any dealings between the Account Holder(s) and
any unauthorized person.

29. The Account Holder(s) shall pay such commission at such rates and on such basis as the Broker may from time to
time advise to the Account Holder(s), either verbally or in writing, in accordance with prescribed rates stipulated by
the relevant Exchange or at such rates as the Broker may decide within the limits stipulated by the relevant
Exchange. Besides, the Brokers may also authorized to collect any levies, charges, taxes, rates, duties, including
central excise duties, sales tax, etc. on each transaction as may be levied by the Federal, Provincial or Local
Government(s), the Commission and/or the Exchange. In case any withholding tax is applicable on payments to be
made to the Account Holder(s), the same shall be withheld in accordance with the pertinent regulations.

30. The Broker shall not disclose the information of the transactions of the Account Holder(s) to any third party and shall
maintain the confidentiality of this information. However, in case any appropriate Court, Tribunal, Exchange, the
Commission, the State Bank, the Investigating Agencies (such as NAB, FIA, ANF, etc.) or the Federal or Provincial
or Local Government(s) as the case may be, in exercise of its/their powers under the law require(s) any such
information, the Broker shall be obliged to disclose the same for which the Account Holder(s) shall not raise any
objection whatsoever.

Provided however that the Broker shall be allowed to share the details of the Account Holder(s) as mentioned in the
Account Holder(s) registration form or any other information pertaining to the Account Holder(s) with parties / entities
other than when required under law with the express permission of the Account Holder(s).

31. In case a Broker converts his individual membership rights to corporate membership and vice versa, or in case of
merger of the Broker’s corporate membership with another entity, subject to the condition that the beneficial
ownership remain the same, the agreement and conditions laid down herein above shall remain effective, unless
otherwise mutually agreed by the parties.

32. Acceptable mode of communication between the Account Holder(s) and the Broker shall be through letter
(courier/registered post/fax/Email) or by hand subject to receipt/acknowledgment, as per the medium chosen by the
Account Holder(s) in the title page of this Account Opening Form. The onus of proving that the e-mail has been
received by the recipient shall be on the sender sending the mail. The Broker may, however, at its discretion, insist
upon a particular mode of receiving instructions from the Account Holder(s) in one of the above mentioned modes
of communication and shall be further at a liberty to record, tape or in any other manner store such instructions. Any
voice recording made by the Broker shall constitute evidence of the communication so recorded for such
instructions.

33. In case of change of address or contact numbers of either party, the concerned party shall immediately notify the
other party of the changes in writing. The Account Holder(s) further undertake(s) to promptly notify the Broker in
writing of any change in the List of Authorized Person(s), as set out in this Account Opening Form. No change
thereto shall be effective and the Broker shall be entitled to rely on the information pertaining to the Authorized
Person(s) and the particulars, as recorded with the Broker without incurring any liability for doing so, until such time
that the Broker is so notified in writing along with the credentials and specimen signature(s) of the replacement
Authorized Person(s).

34. In the event of failure or refusal to effect the delivery against purchase contract by any Broker of the pertinent
Exchange through whom the Broker may have purchased the commodities or refusal to accept delivery against any
sales contract by any Broker of the said Exchange through whom the Broker may have sold the commodities , the
Broker shall not be liable for any damages, costs or legal expenses which the Account Holder(s) may suffer or
sustain and, in any such event, Regulations of the Exchange shall at all times prevail and shall be binding upon the
parties.
35. The Broker shall not be liable for any fraud, forgery, mis-declaration or any other act or omission on the part of any
Account Holder(s) and the contracts shall be purchased or sold at the sole risk of the Account Holder(s) with no
obligation on part of the Broker.

36. Trade Obligations: The Account Holder(s) shall accept all trades executed, irrespective of the fact that the order is
executed partially or in full, on the Exchange.

37. Account Holder(s) shall be liable to pay all taxes as may be applicable under the Federal and/or Provincial tax laws
including sales tax, if applicable, in connection with deliveries and purchase of commodities against the open
positions at the expiration of contracts.

38. The Account Holder(s) acknowledges that the Broker has a general right of set-off in respect of any and all monies
or sums of the Account Holder(s) lying with the Broker or indicated in any account maintained by the Broker as being
to the credit of the Account Holder(s) and that such right may be exercised at the discretion of the Broker upon
non-payment or other default on part of the Account Holder(s) and in such manner as the Broker deems appropriate.
The Account Holder(s) agrees and acknowledges that the Broker may dispose of any commodities or any other
property of the Account Holder(s) lying with the Broker at such time and prices as deemed appropriate by the Broker
in its sole and unfettered discretion in order to recover amounts due to broker. The Account Holder(s) hereby
authorize the Broker to make such dispositions on its behalf and from the proceeds thereof to deduct /settle
adjust/realize all sums that are or may become due and/or payable to the broker from time to time. The Broker shall
be authorized to increase initial margin requirements for overnight positions or otherwise also, without any notice,
and for the risk management practice broker is also authorized to reduce Account Holder(s) exposure if net liquidity
is insufficient for overnight increased requirements. Account Holder(s) acknowledges that the Exchange or Broker
may auto settle Account Holder(s) position(s) if Margin falls below 25% of Exchange requirements.

39. In case the Account Holder(s) is/are Foreigner Resident, Foreigner Non-Resident and Non-Reside nt Pakistani,
permission from the government of Pakistan and/or the State Bank of Pakistan shall be obtained by the Account
Holder(s), if required under any laws, Rules or Regulations.

40. The Account can be closed by mutual consent, upon at least one month prior written notice to the by one party to
the other. Upon service of such notice, no further transactions of commodities will be executed by the Broker on
Account of the Account Holder(s), except that all pending orders shall be executed and all settlement shall be made.
This is without prejudice to the right of the Broker to close the Account and to square off the Account Holder(s)’
position and recover all out standings, dues, losses, etc. without any prior notice in event of non-payment or breach
of any of the terms and conditions of this Agreement by the Account Holder(s). The Account Holder(s) shall continue
to be liable for any shortfall.

41. Whenever any difference arises between Broker and his Account Holder(s) on the other hand or between Brokers
and their Authorized Representatives, or between any Broker’s Authorized Representative and the Broker’s Account
Holder(s) in connection with the trade or transaction or contracts on the Exchange, or anything incidental hereto, it
should be referred to Arbitration in accordance with the Regulation of the Exchange.

42. I / We have read the Risk Disclosure Document appended hereto and understand the trading & risks involved in the
trading of these instruments and am/are fully responsible for my/our dealings in these instruments.

43. I / We shall not, either acting alone or in concert with others, directly or indirectly, hold and control excess number
of permitted contracts as fixed from time to time by the Exchange.

44 I / We shall not exercise a long or short position where, acting alone or in concert with others, directly or. indirectly I
/ We will have exercised in excess of the commodity wise Position Limits of permitted commodity futures contracts
as may be fixed from time to time by the Exchange with the approval of the Commission.

46. The Accont Holder(s) acknowledges that one time processing and documentation charges and monthly research,
maintanance and Trading Software fee will be charged from his PMEX Account.

47. The Broker is not liable to pay any Cost of Funds / Interest / Markup on the clients deposit to PMEX through Broker
for any particular period. The Broker reserve the right to debit such amount. Furthermore, the Account Holder
acknoldedges that he/she cannot claim any charges / fees / profit / cost other than its receivables from PMEX after
duduction of all mandatory fee / comission / charges / lose. The Broker reserves the right to debit any exces amount
credited to the client.

48. The Broker reserves the right to cease the account at any time without prior notice and assigning any reason to client

49. I / We, the Account Holder(s) acknowledge receipt of this account opening form (signed here by me/us in duplicate)
along with the copies of all the annexure and I/we, the Account Holder(s) also undertake that I/we have understood
all the above terms and conditions of this agreement which are acceptable to me/us.

50. I / We, the Account Holder(s) further confirm that all information given in this application is true and complete and
hereby authorize the Broker to verify any information mentioned above from any sources deemed appropriate by the
Broker.
 This document should be read by each and every prospective client before entering into Commodity Futures trading and should be read in conjunction
with regulations of the Pakistan Mercantile Exchange Limited (“PMEX”). PMEX and broker have not passed the merits of participating in this trading
segment nor have PMEX and broker passed the adequacy of this risk disclosure document. This brief statement does not disclose all the risks and
other significant aspects of trading. In light of the risks, account holder should undertake such transactions only if he/she understands the nature of
futures contracts (and contractual relationship) into which you are entering and the extent of your exposure to risks. Risk of loss in trading in
commodity futures contracts can be substantial. You should carefully consider whether trading is appropriate for you in light of your experience,
objectives, financial resources and emotional temperament. In case of any consequence of loss in the future segment; the account holder shall be
solely responsible for such loss and the Exchange and broker shall not be responsible for the same and it will not be open for any account holder to
take the plea that no adequate disclosure was made or he/she was not explained the full risk involved by the broker. The client will be solely
responsible for the consequence and no contract can be rescinded on that account.

The amount of margin is small relative to the value of the commodity futures contracts other transactions are “leverage” or “geared”. Commodity future
trading, which is conducted with a relatively small amount of margin, provides the possibility of great profits or loss in comparisons with the principle
investment amount. But transition in futures carries a high degree of risk.
You should therefore completely understand the following statements before actually trading in commodity future contracts and also trade with caution
while taking into account one’s circumstances, financial resources, etc. If the prices move against you, you may exceed the original margin amount.
1. Commodity futures trading involve daily settlements of all positions. Every day the open positions are marked to market based on the settlement price.
If the settlement price has moved against you, you will be required to deposit the amount of loss (notional) resulting from such movements. This
margin will have to be paid within the stipulated time frame, generally before commencement of trading next day.
2. If you failed to deposit mark to market loss and additional margin by the deadline or if an outstanding debt occurring your account, the required level.
In this case, you will be liable for any losses incurred due to such closeouts.
3. Under certain market conditions and investor may find it difficult to impossible to execute transitions. For example, these situations can occur due to
factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due to price limit or circuit breakers etc.
4. In order to maintain market stability, the following steps may be adopted: changes in the margin rate, increases in cash margin rate or others. These
new measures may be applied to the existing open interests. In such conditions, you will be required to put up additional margin or reduce your
position.
5. You must ask your broker to provide the full details of the commodity futures contracts you plan to trade i.e. the contract specification and the
associated obligations and ensure that your broker takes no position without your express written authorization if you deem it necessary.

The placing of certain orders(e.g.., ”stop-loss” order ), which are intended to limit losses to certain amount may not be effective because market
conditions may make it impossible to execute such order. Strategies using combinations of positions, such as “spread” positions, may be as risky as
taking simple “long” or “short” positions.
Suspension or restriction of trading and pricing relationship Market conditions (e,g illiquidity) and /or the operation of rules of certain market (e.g. the
suspension of trading in any contract or contrast month because of price limits or “Circuit breakers”) may increase the risk of loss due to inability to
liquidate/offset positions.

You should familiarize yourself with the protection accorded to the money or the other property you deposit particularly in the event of firm insolvency
or bankruptcy. The extents to which you may increase recover your money or property may be governed by specific legislation
Or local rules. In some jurisdictions, property that has been specifically identifiable as your own will be pro-rated in the same manner as regulation of
the exchange.
The payments mode is all bank to bank transactions; the broker does not take any responsibility of any sort of cash handling with any of its employee
or agent.

Before you begin the trade ,you should obtain a clear explanation of all commission, fee and other charges for which you will be liable. These charges
will effect your net profit(if any) or increase your loss.

The Exchange/Broker offer electronic trading facilities. Which are computer based system for order routing, execution, matching, registration or
clearing of trades as with all facilities as=nd system provider,the market, the clearing house snd/or broker firms.the account holder acknowledges &
accepts that at times,internet /software & electronic error may happen and the broker does not take responsibility for same.Such limit may vary ; you
should ask the firm with which you deal for detail in this respect.This document does not disclose all the risk and other significant aspects involved in
training on a future market.THE CLIENT Should therefore study futures trsding carefully before becoming involved in it.
I hereby acknowledge that I have received and understood this discloser ststment.
(If Corporate. Or other signatory,then attest with company seal)