Common use of PREAMBLE WHEREAS Clause in Contracts

PREAMBLE WHEREAS. The Company is a securities brokerage firm performing its activities in accordance with the provisions of the laws in force in the Arab Republic of Egypt, and has an extensive experience and a good reputation with Clients in this field. In addition, the Company obtained the approval of the FRA and the EGX to execute trades in securities through margin trading system and to provide financing for the payment of part of the purchase price for securities purchased for the account of its Clients. § The Client has agreed to open an account to trade in securities with the Company, whereby the Company executes the Client’s instructions to purchase or sell securities (referred to hereunder as the “Account Opening Agreement”), and whereas the Client and the Company wishes to develop their relationship acknowledging that this Contract is linked in existence and non-existence to the Account Opening Form that the Client can not enter into this Contract with the Company, unless the Client signed the Account Opening Agreement to open a securities account. The provisions of the Account Opening Agreement shall be complementary and supplementary to this Contract, that the provisions and terms of the Account Opening Agreement signed between the Client and the Company previously referred to shall apply whenever there is no specific provision mentioned in its concern in this Contract. § The Client is willing to trade in securities through margin trading system by issuing orders to the Company (whether sale or purchase orders) through fax, hand delivery, bloomberg or through the Company’s Online Trading Website (provided that the Client executes the relevant Annex including the terms and conditions of internet trading)or by telephone, (provided that such orders are recorded by the Company in accordance with the system approved by the FRA and in accordance with the provisions of this Contract and the Account Opening Agreement concluded between both parties as well as the Capital Market Law and its Executive Regulations and specifically the Ministerial Decree no. 84 for year 2007). § After the Client has declared that he/she has reviewed the above disclosure form prepared by the Company indicating in it the investment risks to which the Client may be exposed to as a result of trading under the margin trading system and that he/she accepts to bear such investment risks accompanying this system, as well as the Client’s declaration that he/she has reviewed the rules and procedures regulating the process of trading in the Capital Market in general and those regulating trading in securities through margin trading system, and the resolutions in amendment thereof, namely the Ministerial Decree No. 84 to year 2007 and the decision of the Prime Minister no. 245 to year 2011, and the rules and procedures issued by the EGX in connection with margin trading and the rules and procedures issued by MCDR in connection with clearance and settlement operations for transactions implemented at the Stock-Exchange under the margin trading system and his/her compliance with them by his/her free, intact and mindful will.

PREAMBLE WHEREAS. The Company is a securities brokerage firm performing its activities in accordance with the provisions of the laws in force in the Arab Republic of Egypt, and has an extensive experience and a good reputation with Clients in this field. In addition, the Company obtained the approval of the FRA EFSA and the EGX to execute trades in securities through margin trading system and to provide financing for the payment of part of the purchase price for securities purchased for the account of its Clients. § The Client has agreed to open an account to trade in securities with the Company, whereby the Company executes the Client’s instructions to purchase or sell securities (referred to hereunder as the “Brokerage Account Opening Agreement”), and whereas the Client and the Company wishes to develop their relationship acknowledging that this Contract is linked in existence and non-existence to the Brokerage Account Opening Form Agreement that the Client can not enter into this Contract with the Company, unless the Client Authorized Person/s authorized to operate the Client’s account at the Company signed the Brokerage Account Opening Agreement to open a securities account. The provisions of the Brokerage Account Opening Agreement shall be complementary and supplementary to this Contract, Contract that the provisions and terms of the Brokerage Account Opening Agreement signed between the Authorized Person/s on behalf of the Client and the Company previously referred to shall apply whenever there is no specific provision mentioned in its concern in this Contract. § The Client is willing to trade in securities through margin trading system by issuing orders to the Company (whether sale or purchase orders) through fax, hand delivery, bloomberg Bloomberg , or through the Company’s Online Trading Website (provided that the Client executes the relevant Annex including the terms and conditions of internet trading)or trading), or by telephone, telephone (provided that such orders are recorded by the Company in accordance with the system approved by the FRA EFSA and in accordance with the provisions of this Contract and the Brokerage Account Opening Agreement concluded between both parties parties, as well as the Capital Market Law and its Executive Regulations and specifically the Ministerial Decree no. 84 for year 2007). ) § After the Client has declared that he/she it has reviewed the above disclosure form prepared by the Company indicating in it the investment risks to which the Client may be exposed to as a result of trading under the margin trading system and that he/she the Client accepts to bear such investment risks accompanying this system, as well as the Client’s declaration that he/she it has reviewed the rules and procedures regulating the process of trading in the Capital Market capital market in general and those regulating trading in securities through margin trading system, and the resolutions in amendment thereof, namely the Ministerial Decree No. 84 to year 2007 and the decision of the Prime Minister no. 245 to year 2011, and the rules and procedures issued by the EGX in connection with margin trading and the rules and procedures issued by MCDR in connection with clearance and settlement operations for transactions implemented at the Stock-Exchange EGX under the margin trading system and his/her its compliance with them by his/her its free, intact and mindful will.

PREAMBLE WHEREAS. ▪ The Company is a securities brokerage firm performing its activities in accordance with the provisions of the laws in force in the Arab Republic of Egypt, and has an extensive experience and a good reputation with Clients in this field. In addition, the Company obtained the approval of the FRA EFSA and the EGX to execute trades in securities through margin trading system and to provide financing for the payment of part of the purchase price for securities purchased for the account of its Clients. § ▪ The Client has agreed to open an account to trade in securities with the Company, whereby the Company executes the Client’s instructions to purchase or sell securities (referred to hereunder as the “Brokerage Account Opening Agreement”), and whereas the Client and the Company wishes to develop their relationship acknowledging that this Contract is linked in existence and non-existence to the Brokerage Account Opening Form Agreement that the Client can not enter into this Contract with the Company, unless the Client Authorized Person/s authorized to operate the Client’s account at the Company signed the Brokerage Account Opening Agreement to open a securities account. The provisions of the Brokerage Account Opening Agreement shall be complementary and supplementary to this Contract, Contract that the provisions and terms of the Brokerage Account Opening Agreement signed between the Authorized Person/s on behalf of the Client and the Company previously referred to shall apply whenever there is no specific provision mentioned in its concern in this Contract. § ▪ The Client is willing to trade in securities through margin trading system by issuing orders to the Company (whether sale or purchase orders) through fax, hand delivery, bloomberg Bloomberg , or through the Company’s Online Trading Website (provided that the Client executes the relevant Annex including the terms and conditions of internet trading)or trading), or by telephone, telephone (provided that such orders are recorded by the Company in accordance with the system approved by the FRA EFSA and in accordance with the provisions of this Contract and the Brokerage Account Opening Agreement concluded between both parties parties, as well as the Capital Market Law and its Executive Regulations and specifically the Ministerial Decree no. 84 for year 2007). § ) ▪ After the Client has declared that he/she it has reviewed the above disclosure form prepared by the Company indicating in it the investment risks to which the Client may be exposed to as a result of trading under the margin trading system and that he/she the Client accepts to bear such investment risks accompanying this system, as well as the Client’s declaration that he/she it has reviewed the rules and procedures regulating the process of trading in the Capital Market capital market in general and those regulating trading in securities through margin trading system, and the resolutions in amendment thereof, namely the Ministerial Decree No. 84 to year 2007 and the decision of the Prime Minister no. 245 to year 2011, and the rules and procedures issued by the EGX in connection with margin trading and the rules and procedures issued by MCDR in connection with clearance and settlement operations for transactions implemented at the Stock-Exchange EGX under the margin trading system and his/her its compliance with them by his/her its free, intact and mindful will.. ▪ THEREFORE, the will of the parties to this Contract coincided , and both parties having acknowledged their legal capacity to enter into this Contract have agreed to undertake the following:

PREAMBLE WHEREAS. ▪ The Company is a securities brokerage firm performing its activities in accordance with the provisions of the laws in force in the Arab Republic of Egypt, and has an extensive experience and a good reputation with Clients in this field. In addition, the Company obtained the approval of the FRA and the EGX to execute trades in securities through margin trading system and to provide financing for the payment of part of the purchase price for securities purchased for the account of its Clients. § ▪ The Client has agreed to open an account to trade in securities with the Company, whereby the Company executes the Client’s instructions to purchase or sell securities (referred to hereunder as the “Account Opening Agreement”), and whereas the Client and the Company wishes to develop their relationship acknowledging that this Contract is linked in existence and non-existence to the Account Opening Form that the Client can not enter into this Contract with the Company, unless the Client signed the Account Opening Agreement to open a securities account. The provisions of the Account Opening Agreement shall be complementary and supplementary to this Contract, that the provisions and terms of the Account Opening Agreement signed between the Client and the Company previously referred to shall apply whenever there is no specific provision mentioned in its concern in this Contract. § ▪ The Client is willing to trade in securities through margin trading system by issuing orders to the Company (whether sale or purchase orders) through fax, hand delivery, bloomberg or through the Company’s Online Trading Website (provided that the Client executes the relevant Annex including the terms and conditions of internet trading)or by telephone, (provided that such orders are recorded by the Company in accordance with the system approved by the FRA and in accordance with the provisions of this Contract and the Account Opening Agreement concluded between both parties as well as the Capital Market Law and its Executive Regulations and specifically the Ministerial Decree no. 84 for year 2007). § ▪ After the Client has declared that he/she has reviewed the above disclosure form prepared by the Company indicating in it the investment risks to which the Client may be exposed to as a result of trading under the margin trading system and that he/she accepts to bear such investment risks accompanying this system, as well as the Client’s declaration that he/she has reviewed the rules and procedures regulating the process of trading in the Capital Market in general and those regulating trading in securities through margin trading system, and the resolutions in amendment thereof, namely the Ministerial Decree No. 84 to year 2007 and the decision of the Prime Minister no. 245 to year 2011, and the rules and procedures issued by the EGX in connection with margin trading and the rules and procedures issued by MCDR in connection with clearance and settlement operations for transactions implemented at the Stock-Exchange under the margin trading system and his/her compliance with them by his/her free, intact and mindful will.. ▪ THEREFORE, the will of the parties to this Contract coincided and both parties, having acknowledged their legal capacity to enter into this Contract, have agreed to undertake the following: