Common use of Custody Services Clause in Contracts

Custody Services. The Clients authorize the Financial Institution to open an account with a resident or non-resident bank and/or a Custodian and/or an Authorized Person at the option of the Financial Institution for the deposit of Securities and any other items of property or other assets (the “Custody Account”), and a cash account or accounts for the deposit or receipt of cash in any currency (the “Cash Account”), in each case, currently held or from time to time received by, transferred to or held to the order or under the direction or control of the Custodian for the account of the Clients. • All amounts handled by the Financial Institution on behalf of the Client are held in a client account with a Bank as stated in the List of Correspondents (“the Client Account”). The client is aware that the Financial Institution may receive interest on the clients’ bank accounts. The amount classified as interest received cannot be claimed back by the client. • The Financial Institution may hold Clients funds inside or outside LEBANON, where different settlement, legal and regulatory requirements and ditterent practices relating to the separate identification and segregation of those funds may apply and the Clients accept any risks that may arise out of those ditterences. The Financial Institution will not be liable in any way for any act or omissions by a bank or other financial institution or by the bankruptcy of any such third-party institution, unless the loss or damage results from the Financial Institution’s negligence, wilful misconduct or fraud or the negligence, wilful misconduct or fraud of its nominees. • The Financial Institution shall not use Clients money in its custody for its own account and shall not use any funds of the Clients in their possession for its own account, except for a security position that is subject to margin requirements. • By accepting these Terms and Conditions, the Clients authorize the Financial Institution to make deposits and withdrawals from the Bank Account on the Clients behalf including withdrawals for the settlement of all transactions undertaken in accordance with any agreement and these Terms and Conditions and all amounts which are payable by or on behalf of the Clients to the Financial Institution or to any other third person connected with the settlement of one or more transactions. • The Company shall require the custodian to agree that funds will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the custodian; unless it was approved by customers, or it was in order to cover custody fees. • In addition to any other remedies available to the Company under applicable law, the Company shall have, and the Clients hereby grants, a continuing general lien on all Securities to the extent the Company has made payment for any Securities at any time the Cash Account has insufficient funds to cover that payment. • Furthermore, the Company may, without prior notice to the Clients, set xxx any payment obligation owed to it by the Clients in connection with all liabilities arising under this Agreement against any payment obligation owed by it to the Clients under this Agreement regardless of the place of payment or currency of either obligation (and for such purpose may make any currency conversion necessary). NAMES SIGNATURES DATE • The Clients agree to pay all fees, charges and obligations incurred from time to time for any services pursuant to this Agreement as determined in accordance with the terms of the Fee Schedule. The Clients acknowledge that such fees, charges and obligations might be amended from time to time. In this case, before applying such amendment, the Financial institution shall notify the Clients of the updated Fee Schedule by sending a notice to its elected address. The Clients shall submit its objection, if any, within a maximum period of two weeks from the date of notification. Failing to object within that period, the updated schedule shall be considered implicitly approved. • Despite anything to the contrary herein, settlement and payment for all financial Instruments traded received or transferred for the account of the Clients and delivery held for the account of the Clients may be attected in line with market or other conditions in which the transaction is made, • The Company deposits dividends in the Clients account after deduction of the company’s dividend tax, when the Company has received the amount following the general meeting which has approved the dividend payment. • The Company has the right to play on behalf of the Clients, with regard to his investments, including the following: request dividends, receiving, and payment of commission and other entitlements; the exercise of the conversion rights and subscription; and (3) the exercise of voting rights, including in the case of the acquisition of other performances and operations restructuring capital. • Provision of Information – the company undertakes to notify the Clients about the name, address of the custodian, and the manner in which the funds or securities are maintained by written notice through monthly statements. The Company undertakes to notify the Clients promptly of any change in the custody services and regulations.

Custody Services. The Clients authorize Client authorizes the Financial Institution to open an account with a resident or non-resident bank and/or a Custodian and/or an Authorized Person at the option of the Financial Institution for the deposit of Securities and any other items of property or other assets (the “"Custody Account”"), and a cash account or accounts for the deposit or receipt of cash in any currency (the “Cash Account”), in each case, currently held or from time to time received by, transferred to or held to the order or under the direction or control of the Custodian for the account of the ClientsClient. • All amounts handled by the Financial Institution on behalf of the Client are held in a client account with a Bank as stated in the List of Correspondents (“the Client Account”). The client is aware that the Financial Institution may receive receives interest on the clients’ bank accounts. The amount classified classified as interest received cannot be claimed back by the client. • The Financial Institution may hold Clients Client’s funds inside or outside LEBANON, where different different settlement, legal and regulatory requirements and ditterent different practices relating to the separate identification identification and segregation of those funds may apply and the Clients accept Client accepts any risks that may arise out of those ditterencesdifferences. The Financial Institution will not be liable in any way for any act or omissions by a bank or other financial financial institution or by the bankruptcy of any such third-third party institution, unless the loss or damage results from the Financial Institution’s 's negligence, wilful misconduct or fraud or the negligence, wilful misconduct or fraud of its nominees. • The Financial Institution shall not use Clients Client’s money in its custody for its own account and shall not use any funds of the Clients Client in their its possession for its own account, except for a security position that is subject to margin requirements. • By accepting these Terms and Conditions, the Clients authorize Client authorizes the Financial Institution to make deposits and withdrawals from the Bank Account on the Clients Client’s behalf including withdrawals for the settlement of all transactions undertaken in accordance with any agreement and these Terms and Conditions and all amounts which are payable by or on behalf of the Clients Client to the Financial Institution or to any other third person connected with the settlement of one or more transactions. Name Signature Date • The Company shall require the custodian to agree that funds will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the custodian; unless it was approved by customers, or it was in order to cover custody fees. • In addition to any other remedies available to the Company under applicable law, the Company shall have, and the Clients Client hereby grants, a continuing general lien on all Securities to the extent the Company has made payment for any Securities at any time the Cash Account has insufficient insufficient funds to cover that payment. • Furthermore, the Company may, without prior notice to the ClientsClient, set xxx off any payment obligation owed to it by the Clients Client in connection with all liabilities arising under this Agreement against any payment obligation owed by it to the Clients Client under this Agreement regardless of the place of payment or currency of either obligation (and for such purpose may make any currency conversion necessary). NAMES SIGNATURES DATE • The Clients agree Client agrees to pay all fees, charges and obligations incurred from time to time for any services pursuant to this Agreement as determined in accordance with the terms of the Fee Schedule. The Clients acknowledge Client acknowledges that such fees, charges and obligations might be amended from time to time. In this case, before applying such amendment, the Financial institution shall notify the Clients Client of the updated Fee Schedule by sending a notice to its elected address. The Clients Client shall submit its objection, if any, within a maximum period of two weeks from the date of notificationnotification. Failing to object within that period, the updated schedule shall be considered implicitly approved. • Despite anything to the contrary herein, settlement and payment for all financial financial Instruments traded received or transferred for the account of the Clients Client and delivery held for the account of the Clients Client may be attected effected in line with market or other conditions in which the transaction is made, • The Company deposits dividends in the Clients client’s account after aGer deduction of the company’s dividend tax, when the Company has received the amount following the general meeting which has approved the dividend payment. • The Company has the right to play on behalf of the Clientsclient, with regard to his investments, including the following: request dividends, receiving, and payment of commission and other entitlements; the exercise of the conversion rights and subscription; and (3) the exercise of voting rights, including in the case of the acquisition of other performances and operations restructuring capital. • Provision of Information – the company undertakes to notify the Clients client about the name, address of the custodian, and the manner in which the funds or securities are maintained by written notice through monthly statements. The Company undertakes to notify the Clients client promptly of any change in the custody services and regulations.

Custody Services. The Clients authorize Client authorizes the Financial Institution to open an account with a resident or non-resident bank and/or a NAME SIGNATURE DATE Custodian and/or an Authorized Person at the option of the Financial Institution for the deposit of Securities and any other items of property or other assets (the “Custody Account”), and a cash account or accounts for the deposit or receipt of cash in any currency (the “Cash Account”), in each case, currently held or from time to time received by, transferred to or held to the order or under the direction or control of the Custodian for the account of the ClientsClient. • All amounts handled by the Financial Institution on behalf of the Client are held in a client account with a Bank as stated in the List of Correspondents (“the Client Account”). The client is aware that the Financial Institution may receive interest on the clients’ bank accounts. The amount classified as interest received cannot be claimed back by the client. • The Financial Institution may hold Clients Client’s funds inside or outside LEBANON, where different settlement, legal and regulatory requirements and ditterent practices relating to the separate identification and segregation of those funds may apply and the Clients accept Client accepts any risks that may arise out of those ditterences. The Financial Institution will not be liable in any way for any act or omissions by a bank or other financial institution or by the bankruptcy of any such third-third party institution, unless the loss or damage results from the Financial Institution’s negligence, wilful misconduct or fraud or the negligence, wilful misconduct or fraud of its nominees. • The Financial Institution shall not use Clients Client’s money in its custody for its own account and shall not use any funds of the Clients Client in their its possession for its own account, except for a security position that is subject to margin requirements. • By accepting these Terms and Conditions, the Clients authorize Client authorizes the Financial Institution to make deposits and withdrawals from the Bank Account on the Clients Client’s behalf including withdrawals for the settlement of all transactions undertaken in accordance with any agreement and these Terms and Conditions and all amounts which are payable by or on behalf of the Clients Client to the Financial Institution or to any other third person connected with the settlement of one or more transactions. • The Company shall require the custodian to agree that funds will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the custodian; unless it was approved by customers, or it was in order to cover custody fees. • In addition to any other remedies available to the Company under applicable law, the Company shall have, and the Clients Client hereby grants, a continuing general lien on all Securities to the extent the Company has made payment for any Securities at any time the Cash Account has insufficient funds to cover that payment. • Furthermore, the Company may, without prior notice to the ClientsClient, set xxx any payment obligation owed to it by the Clients Client in connection with all liabilities arising under this Agreement against any payment obligation owed by it to the Clients Client under this Agreement regardless of the place of payment or currency of either obligation (and for such purpose may make any currency conversion necessary). NAMES SIGNATURES DATE • The Clients agree Client agrees to pay all fees, charges and obligations incurred from time to time for any services pursuant to this Agreement as determined in accordance with the terms of the Fee Schedule. The Clients acknowledge Client acknowledges that such fees, charges and obligations might be amended from time to time. In this case, before applying such amendment, the Financial institution shall notify the Clients Client of the updated Fee Schedule by sending a notice to its elected address. The Clients Client shall submit its objection, if any, within a maximum period of two weeks from the date of notification. NAME SIGNATURE DATE Failing to object within that period, the updated schedule shall be considered implicitly approved. • Despite anything to the contrary herein, settlement and payment for all financial Instruments traded received or transferred for the account of the Clients Client and delivery held for the account of the Clients Client may be attected ettected in line with market or other conditions in which the transaction is made, • The Company deposits dividends in the Clients client’s account after deduction of the company’s dividend tax, when the Company has received the amount following the general meeting which has approved the dividend payment. • The Company has the right to play on behalf of the Clientsclient, with regard to his investments, including the following: request dividends, receiving, and payment of commission and other entitlements; the exercise of the conversion rights and subscription; and (3) the exercise of voting rights, including in the case of the acquisition of other performances and operations restructuring capital. • Provision of Information – the company undertakes to notify the Clients client about the name, address of the custodian, and the manner in which the funds or securities are maintained by written notice through monthly statements. The Company undertakes to notify the Clients client promptly of any change in the custody services and regulations.

Custody Services. The Clients authorize Client authorizes the Financial Institution to open an account with a resident or non-resident bank and/or a Custodian and/or an Authorized Person at the option of the Financial Institution for the deposit of Securities and any other items of property or other assets (the “"Custody Account”"), and a cash account or accounts for the deposit or receipt of cash in any currency (the “Cash Account”), in each case, currently held or from time to time received by, transferred to or held to the order or under the direction or control of the Custodian for the account of the ClientsClient. • All amounts handled by the Financial Institution on behalf of the Client are held in a client account with a Bank as stated in the List of Correspondents (“the Client Account”). The client is aware that the Financial Institution may receive receives interest on the clients’ bank accounts. The amount classified as interest received cannot be claimed back by the client. • The Financial Institution may hold Clients Client’s funds inside or outside LEBANON, where different settlement, legal and regulatory requirements and ditterent different practices relating to the separate identification and segregation of those funds may apply and the Clients accept Client accepts any risks that may arise out of those ditterencesdifferences. The Financial Institution will not be liable in any way for any act or omissions by a bank or other financial institution or by the bankruptcy of any such third-third party institution, unless the loss or damage results from the Financial Institution’s 's negligence, wilful misconduct or fraud or the negligence, wilful misconduct or fraud of its nominees. • The Financial Institution shall not use Clients Client’s money in its custody for its own account and shall not use any funds of the Clients Client in their its possession for its own account, except for a security position that is subject to margin requirements. • By accepting these Terms and Conditions, the Clients authorize Client authorizes the Financial Institution to make deposits and withdrawals from the Bank Account on the Clients Client’s behalf including withdrawals for the settlement of all transactions undertaken in accordance with any agreement and these Terms and Conditions and all amounts which are payable by or on behalf of the Clients Client to the Financial Institution or to any other third person connected with the settlement of one or more transactions. Name Signature Date • The Company shall require the custodian to agree that funds will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the custodian; unless it was approved by customers, or it was in order to cover custody fees. • In addition to any other remedies available to the Company under applicable law, the Company shall have, and the Clients Client hereby grants, a continuing general lien on all Securities to the extent the Company has made payment for any Securities at any time the Cash Account has insufficient funds to cover that payment. • Furthermore, the Company may, without prior notice to the ClientsClient, set xxx off any payment obligation owed to it by the Clients Client in connection with all liabilities arising under this Agreement against any payment obligation owed by it to the Clients Client under this Agreement regardless of the place of payment or currency of either obligation (and for such purpose may make any currency conversion necessary). NAMES SIGNATURES DATE • The Clients agree Client agrees to pay all fees, charges and obligations incurred from time to time for any services pursuant to this Agreement as determined in accordance with the terms of the Fee Schedule. The Clients acknowledge Client acknowledges that such fees, charges and obligations might be amended from time to time. In this case, before applying such amendment, the Financial institution shall notify the Clients Client of the updated Fee Schedule by sending a notice to its elected address. The Clients Client shall submit its objection, if any, within a maximum period of two weeks from the date of notification. Failing to object within that period, the updated schedule shall be considered implicitly approved. • Despite anything to the contrary herein, settlement and payment for all financial Instruments traded received or transferred for the account of the Clients Client and delivery held for the account of the Clients Client may be attected effected in line with market or other conditions in which the transaction is made, • The Company deposits dividends in the Clients client’s account after deduction of the company’s dividend tax, when the Company has received the amount following the general meeting which has approved the dividend payment. • The Company has the right to play on behalf of the Clientsclient, with regard to his investments, including the following: request dividends, receiving, and payment of commission and other entitlements; the exercise of the conversion rights and subscription; and (3) the exercise of voting rights, including in the case of the acquisition of other performances and operations restructuring capital. • Provision of Information – the company undertakes to notify the Clients client about the name, address of the custodian, and the manner in which the funds or securities are maintained by written notice through monthly statements. The Company undertakes to notify the Clients client promptly of any change in the custody services and regulations.