AGREEMENT FOR DISCRETIONARY AUTHORITY

THIS AGREEMENT IS MADE ON THE _____ Day of ________, 20 _ _. BETWEEN DBL Securities Limited of 115 -120, Motijheel C/A, Dhaka 1000 (The Company) as ONE PART. AND _______________________________________________, date of birth: _________________ son/ daughter of ________________________________________________________ &_____________________________________having present address at ____________________________________________________________________________ ___________________________________________& permanent address at ____________________________________________________________________________ __________________________________(The Margin Account Holder) as THE OTHER PART. WHEREAS, The Margin Account Holder grants DBL Securities Limited the Discretionary Authority to buy, sell, collect income, apply dividends, vote, accept takeovers, take up and exercise rights and generally manage the securities or properties on the Margin Account. DBL Securities Limited undertakes at all times to act in good faith with due professionals skill, care and diligence in the performance of the Companys duties pursuant to this Agreement. NOW THE PARTIES HAVE AGREED AS FOLLOWS: 1. Discretionary Authority: Without prior consultation, the Margin Account Holder delegates to the Company all of its powers with regard to the investment and reinvestment of securities or properties and appoints the Company as the Margin Account Holders attorney and agent in fact with full authority to buy, sell, or otherwise effect investment transactions involving the securities or properties in the Margin Account Holders name and for the Margin Account. Further, the Company may make adjustment of loan and taken up the said assignment on the dividend upcoming corporate declaration etc which is deemed expedient for the purpose of investment and margin reorganization as the Margin Account Holder has granted authority. 2. Authority: The Margin Account Holder acknowledges that he/she/they/it has (have) all requisite legal authority to execute this Agreement, and that there are no encumbrances on the securities or properties. The Margin Account Holder correspondingly agrees to immediately notify the Company, in writing, in the event that either of these

representations should change, however company may exercise the power up to the company funding with account holder. The Margin Account Holder also agree to provide the Company with any other information and /or documentation that the Company may request in furtherance of this Agreement or related the Margin Account Holders investment needs, goals, objectives, and risk tolerance for the Account. 3. Death or Disability: The death, disability or incompetency of the Margin Account Holder will not terminate or change the terms of this Agreement. However, the Margin Account Holders executor, guardian, attorney or other authorized representative may terminate this agreement by giving written notice to the Company. However the company can adjust the loan outstanding with the account. 4. Risk Acknowledgement: i. The Company does not guarantee the future performance of the Margin Account or any specific level of performance, the success of any investment decision or strategy that the Company may use, or the success of the Companys overall management of the Account. The Margin Account Holder understands that investment decisions made for the Account by the Company are subject to various markets, currency, economic, political and business risks, and that those investment decisions will not always be profitable. ii. The Margin Account Holder acknowledges that they can lose more funds than they have deposited in the Margin Account. A decline in the value of securities or properties that are purchased on Margin may require the client to provide additional funds to the Company. To avoid the forced sale of those securities or properties or other securities or properties in the Margin Account. 5. Liability: Except or otherwise provided by Laws of Bangladesh, the Company acting in good faith without negligence or malfeasance, shall not be liable for any action, omission, investment recommendation/decision, or loss in connection with this Agreement including, but not limited to, the investment of the securities or properties, or the acts and/or omissions of other professionals or third party service providers recommended to the Client by the Company. 6. Trade Errors: The Company does not assumes responsibility for any Account losses for trading errors indirectly resulting from the Companys failure to follow Companys trading procedures or from a lapse in the Companys internal communications. In such instances, the Margin Account (s) will not be compensated for any such corresponding losses. Further, the Margin Account Holder acknowledges that the Company cannot and will not be responsible for Account errors and/or losses that occur where the company has used its best efforts to execute traders in a timely and efficient manner. If a trade or some portion of a trade is not effected or an electronic glitch occurs which results in the Account not being traded at the same time or at the same price as others, and such occurrence is not a result of Companys failure to execute or follow its trade

procedures, the resulting loss will not be considered a trading error for which the Company is responsible. 7. Notices: Any notice, correspondences, or other communication required in connection with this Agreement will be deemed effective upon receipt if delivered to either party at their address listed above unless either party has notified the other party of another address in writing. 8. Confidentially: The terms and conditions of this Agreement, and all information and recommendations furnished by the Company to the Margin Account Holder, shall be treated as confidential by the parties, and shall not be disclosed to third parties except as provided herein and except as required by applicable Laws, Rules or Regulations, and in response to appropriate requests of regularity authorities, or as otherwise expressly agreed to in writing by the parties. 9. Waiver: No failure by the Company to exercise any, right, power, or privilege that the Company may have under this Agreement shall operate as a waiver thereof. Further, no waiver of any deviation from, or breach of, this Agreement by the Margin Account Holder shall be deemed to be a waiver of any subsequent deviation or breach. 10. Severability: If any provision of this Agreement is deemed to be invalid or unenforceable or is prohibited by the laws of the land, this Agreement shall be considered divisible as to such provision and such provision shall be inoperative in such jurisdiction. The remaining provisions of this Agreement shall be valid and binding and of full force and effect as though such provision was not included. 11. Termination: This Agreement will continue in effect until terminated by either party by written notice to the other (email notice will not suffice), which must be signed by the terminating party and give 30-day notice. Termination of this Agreement will not affect (i) the validity of any action taken previously taken by the Company under this Agreement; (ii) liabilities or obligations of the parties from transactions initiated before termination of this Agreement; or (iii) The Margin Account Holders obligation to pay advisory fees if deem fit by the management of company (prorated through the date of termination). Upon the termination of this Agreement, the Company will have no obligation to recommend or take any action with regard to the securities, cash or other investments in the Account. 12. Arbitration: In the event of any dispute or differences between the parties to this agreement in respect of or concerning or connected with the interpretation or implementation of this Agreement or arising out of this Agreement, the parties shall both try to resolve the same in good faith negotiations. If the parties fail to resolve their disputes by good faith

negotiation within 30 days of the initiation of the negotiations, such dispute or difference shall be referred to arbitration by 3 (three) arbitrators, 1(one) arbitrator to be appointed by each of the disputing parties; and the third arbitrator to be appointed by the two arbitrators so appointed, in accordance with the Arbitration Act, 2001, or any modification or amendment thereof. The Place of Arbitration shall be Dhaka, Bangladesh. The decision of such arbitration shall be binding and conclusive upon the parties and may be enforced in any court of competent jurisdiction. Notwithstanding anything contained in the Agreement, on termination this Clause will continue to persist until all disputes related to the parties under this Agreement have been resolved. 13. Governing Law: This Agreement shall be governed and construed in accordance with the laws of Bangladesh. 14. Entire Agreement: This Agreement is incorporated into and is a part of the general Margin Account Agreement that the Margin Account Holder has signed with the Company. This Agreement may only be amended, revised or modified by written Agreement between the Margin Account Holder and the Company. Each party acknowledges that no representation, inducement or condition not set forth herein has been made or relied upon by either party. 15. Effective date: This Agreement will not take effect immediately after the date on which this Agreement was signed. However, this Agreement cannot become effective until Margin Account Agreement has been signed. IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET THEIR HANDS ON THIS AGREEMENT ON THE DAY, MONTH AND YEAR FIRST HEREINABOVE WRITTEN. ________________________ The Account Holder WITNESSES: 1. 2. 3. _______________________ Authorized Signatory DBL Securities Limited