Common use of User Name and Password Clause in Contracts

User Name and Password. 3.1 The Client will be entitled to a username and password, which will enable him to access 3.2 The Client is aware that the Trading Member’s ITORS System itself generates the initial password and that the Trading Member is aware of the same. The Client agrees and undertakes to immediately change his initial password upon receipt thereof. The Client is aware that subsequent passwords are not known or available to the Trading Member. 3.3 The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Trading Member’s ITORS System using the Client’s Username and/or Password whether or not such person was authorized to do so. 3.4 The Client shall immediately inform the Trading Member of any unauthorized use of the Client’s Username or Password with full details of such unauthorized use including the date of such unauthorized use, the manner in which it was unauthorisedly used, the transactions effected pursuant to such unauthorized use, etc. 3.5 The Client acknowledges that he is fully aware of and understands the risks associated with availing of a service for routing orders over the internet including the risk of misuse and unauthorized use of his Username and/or Password by a third party and the risk of a person hacking into the Client’s account on the Trading Member’s ITORS System and unauthorisedly routing orders on behalf of the Client through the System. The Client agrees that he shall be fully liable and responsible for any and all unauthorized use and misuse of his Password and/or Username and also for any and all acts done by any person through the Trading Member’s ITORS System on the Client’s Username in any manner whatsoever. 3.6 The Client shall log off from the ITORS Service at any time the Client is not accessing or using the Service and any liability incurred to the Client as a consequence of the Client not logging off the Service shall borne solely by the Client. 3.7 Without prejudice to the provisions of Clause 3.5, the Client shall immediately notify the Trading Member in writing with full details if : (i) he discovers or suspects unauthorized access through his Username, Password or account, (ii) he notices discrepancies that might be attributable to unauthorized access, (iii) he forgets his password or (iv) he discovers a security flaw in the Trading Member’s ITORS System. 3.8 In any of the above events specified in Clause 3.7, the Client shall immediately change his Password. However, if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having been unauthorisedly changed by some other person or for any other reason then the Client shall immediately request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shall cause the Trading Member’s ITORS System to discontinue the use of the Client’s old Password and the Trading Member's ITORS System shall generate a new Password for the Client which shall be communicated to the Client. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that may be suffered by the Client on account of the misuse of the Password.

User Name and Password. 3.1 A. The Client will be entitled to a username and password, which will enable him to accessaccess the Member's ITORS System for availing of the Service. 3.2 B. The Client is aware that the Trading Member’s 's ITORS System itself generates the initial password and that the Trading Member is aware of the same. The Client agrees and a g r e e s a n d undertakes to immediately change his initial password upon receipt thereof. The Client is aware that subsequent passwords are not known or available to the Trading Member. 3.3 C. The Client shall be responsible for keeping the Username and Password confidential and secure and shall be solely responsible for all orders entered and transactions t ra n s a c t i o n s done by any person whosoever through the Trading Member’s 's ITORS System using the Client’s 's Username and/or Password whether or not such person was authorized authorised to do so. 3.4 D. The Client shall immediately inform the Trading Member of any unauthorized unauthorised use of the Client’s 's Username or Password with full details of such unauthorized unauthorised use including the date of such unauthorized unauthorised use, the manner in which it was unauthorisedly used, the transactions effected pursuant to such unauthorized unauthorised use, etc. 3.5 E. The Client acknowledges that he is fully aware of and understands the risks associated with availing of a service for routing orders over the internet including the risk of misuse and unauthorized unauthorised use of his Username and/or Password by a third party and the risk of a person hacking into the Client’s 's account on the Trading Member’s 's ITORS System and unauthorisedly routing orders on behalf of the Client through the System. The Client agrees that he shall be fully liable and responsible for any and all unauthorized unauthorised use and misuse of his Password and/or Username and also for any and all acts done by any person through the Trading Member’s 's ITORS System on the Client’s 's Username in any manner whatsoever. 3.6 F. The Client shall log off from the ITORS Service at any time the Client is not accessing or using the Service and any liability incurred to the Client as a consequence of the Client not logging off the Service shall borne solely by the Client. 3.7 G. Without prejudice to the provisions of Clause 3.5E(61), the Client shall immediately notify the Trading Member in writing with full details if : (i) he discovers or suspects unauthorized unauthorised access through his Username, Password or account, (ii) he notices discrepancies that might be attributable to unauthorized unauthorised access, , (iii) he forgets his password or (iviii) he discovers a security flaw in the Trading Member’s 's ITORS System.. 18/42 3.8 H. In any of the above events specified in Clause 3.7G(61), the Client shall immediately change his Password. However, if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having been unauthorisedly changed by some other person or for any other reason then the Client shall immediately request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shall cause the Trading Member’s 's ITORS System to discontinue the use of the Client’s 's old Password and the Trading Member's ITORS System shall generate a new Password for the Client which shall be communicated to the Client. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that may be suffered by the Client on account of the misuse of the Password.

User Name and Password. 3.1 The Client will be entitled to a username and password, which will enable him to accessaccess the Trading Member’s IBT System for availing of the Service. 3.2 The Client is aware that the Trading Member’s ITORS IBT System itself generates the initial password and that the Trading Member is aware of the same. The Client agrees and undertakes to immediately change his initial password upon receipt thereof. The Client is aware that subsequent passwords are not known or available to the Trading Member. 3.3 The Client shall be responsible for keeping the Username User name and Password confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Trading Member’s ITORS IBT System using the Client’s Username and/or Password whether or not such person was authorized authorised to do so. 3.4 The Client shall immediately inform the Trading Member of any unauthorized unauthorised use of the Client’s Username or Password with full details of such unauthorized unauthorised use including the date of such unauthorized unauthorised use, the manner in which it was unauthorisedly used, the transactions effected pursuant to such unauthorized unauthorised use, etc. 3.5 The Client acknowledges that he is fully aware of and understands the risks associated with availing of a service for routing orders over the internet including the risk of misuse and unauthorized unauthorised use of his Username and/or Password by a third party and the risk of a person hacking into the Client’s account on the Trading Member’s ITORS IBT System and unauthorisedly routing orders on behalf of the Client through the System. The Client agrees that he shall be fully liable and responsible for any and all unauthorized unauthorised use and misuse of his Password and/or Username and also for any and all acts done by any person through the Trading Member’s ITORS IBT System on the Client’s Username in any manner whatsoever. 3.6 The Client shall log off from the ITORS IBT Service at any time the Client is not accessing or using the Service and any liability incurred to the Client as a consequence of the Client not logging off the Service shall borne solely by the Client. 3.7 Without prejudice to the provisions of Clause 3.5, the Client shall immediately notify the Trading Member in writing with full details if : (i) he discovers or suspects unauthorized unauthorised access through his Username, Password or account, (ii) he notices discrepancies that might be attributable to unauthorized unauthorised access, (iii) he forgets his password or (iv) he discovers a security flaw in the Trading Member’s ITORS IBT System. 3.8 In any of the above events specified in Clause 3.7, the Client shall immediately change his Password. However, if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having been unauthorisedly changed by some other person or for any other reason then the Client shall immediately request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shall cause the Trading Member’s ITORS IBT System to discontinue the use of the Client’s old Password and the Trading Member's ITORS ’s IBT System shall generate a new Password for the Client which shall be communicated to the Client. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that may be suffered by the Client on account of the misuse of the Password.

User Name and Password. 3.1 The Client will be entitled to a username and password, which will enable him to accessaccess the Trading Member’s ITORS System for availing of the Service. 3.2 The Client is aware that the Trading Member’s ITORS System itself generates the initial password and that the Trading Member is aware of the same. The Client agrees and undertakes to immediately change his initial password upon receipt thereof. The Client is aware that subsequent passwords are not known or available to availableto the Trading Member. 3.3 The Client shall be responsible for keeping the Username and Password confidential confidential and secure and shall be solely responsible for all orders entered and transactions done by any person whosoever through the Trading Member’s ITORS System using the Client’s Username and/or Password whether or not such person was authorized authorised to do so. 3.4 The Client shall immediately inform the Trading Member of any unauthorized unauthorised use of the Client’s Username or Password with full details of such unauthorized unauthorised use including the date of such unauthorized unauthorised use, the manner in which it was unauthorisedly used, the transactions effected effected pursuant to such unauthorized unauthorised use, etc. 3.5 The Client acknowledges that he is fully aware of and understands the risks associated with availing of a service for routing orders over the internet including the risk of misuse and unauthorized unauthorised use of his Username and/or Password by a third party and the risk of a person hacking into the Client’s account on the Trading Member’s ITORS System and unauthorisedly routing orders on behalf of the Client through the System. The Client agrees that he shall be fully liable and responsible for any and all unauthorized unauthorised use and misuse of his Password and/or Username and also for any and all acts done by any person through the Trading Member’s ITORS System on the Client’s Username in any manner whatsoever. 3.6 The Client shall log off off from the ITORS Service at any time the Client is not accessing or using the Service and any liability incurred to the Client as a consequence of the Client not logging off off the Service shall borne solely by the Client. 3.7 Without prejudice to the provisions of Clause 3.5, the Client shall immediately notify the Trading Member in writing with full details if : (i) he discovers or suspects unauthorized access through his Username, Password or account, (ii) he notices discrepancies that might be attributable to unauthorized access, (iii) he forgets his password or (iv) he discovers a security flaw in the Trading Member’s ITORS System. 3.8 In any of the above events specified in Clause 3.7, the Client shall immediately change his Password. However, if the Client is unable to change his Password by reason of his having forgotten his Password or his Password having been unauthorisedly changed by some other person or for any other reason then the Client shall immediately request the Trading Member in writing to discontinue his old Password; and thereupon the Trading Member shall cause the Trading Member’s ITORS System to discontinue the use of the Client’s old Password and the Trading Member's ITORS System shall generate a new Password for the Client which shall be communicated to the Client. At no point in time shall the Trading Member be liable for any loss, whether notional or actual, that may be suffered by the Client on account of the misuse of the Password.