Clients shall be required to maintain the minimum required margins for their securities held at all times. The Margin required for every security shall be published on the SAMCO website from time to time. Orders where margin required exceed the margins available with the client shall be rejected.

Margins blocked on account of open positions, if any, shall be released as soon as clients square off open margin positions. All NRML margin positions bought forward can be converted to CNC holdings. As per the terms of the CashPlus product, it is a pre-condition that Margin positions initiated in the NSE exchange shall be compulsorily squared-off in the NSE exchange only and positions initiated in the BSE exchange shall be compulsorily squared-off on the BSE exchange only. The client shall not hold SAMCO responsible for any issue/loss that may arise due to the client’s failure to meet this condition.

Margin requirements and margin calls are based on the market value of a stock, not on the purchase price. Therefore, a decline in the price of a security may result in a margin requirement in the trading account, and a margin call in the account. If this happens, clients are responsible to promptly deposit the necessary cash or securities, or to liquidate sufficient positions in the account to satisfy the margin call.

SAMCO Securities is authorized, at its discretion and without prior notice to client , to liquidate any or all securities or other assets held in the account (a) to satisfy an outstanding margin call for which the client have failed to provide additional collateral, or (b) to prevent or limit unsecured losses when the margin loan exceeds the value of the securities. The liquidation of securities or assets will be executed regardless of the amount of time client have owned the asset, their intention to satisfy the call or secure the loan, or any profit or loss that may be incured by such transactions. The investor / trader/ client is not entitled to an extension of time to satisfy the call, to choose which securities SAMCO Securities ltd, may liquidate, and is responsible for losses if any resulting from the liquidation of an asset(s) to satisfy a margin call and for any remaining deficiency in the account.

SAMCO Securities ltd may forcibly liquidate all or part of clients account without prior notice, regardless of clients intent to satisfy a margin call, in order to protect interest of both the parties. Because it involves the extension of credit, borrowing on margin may not be appropriate for every client . An investment strategy which includes trading on margin exposes the investors/traders to additional costs, increased risks, and potential losses in excess of the amount deposited. Because the accounts with SAMCO are self-directed, clients must carefully review their investment objectives, financial resources, and risk tolerance to determine whether it is right for them to initiate the risk.. No one should buy on margin without the temperament to accept the reality that price fluctuations are intrinsic to the marketplace, and that they should have the financial resources to meet margin calls and absorb losses resulting from a drop in stock prices.

SAMCO reserves the right to liquidate client positions with or without notice in any case which may include but not be restricted to Mark-To-Market losses on positions exceeding 80% or Loan to Value falling below 25% or any such other condition.

Any disputes arising between the client and the stock broker in connection with the margin trading facility shall have the same treatment as normal trades and should be covered under the investor grievance redressal mechanism, arbitration mechanism of the stock exchange. SGF and IPF shall be available for transactions done on the exchange, whether through normal or margin trading facility. However, any losses suffered in connection with the margin trading facility availed by the client from the stock broker shall not be covered under IPF.

Continued Performance: During the period when a dispute is being resolved, the Parties shall continue their performance of this Agreement except for the matter being disputed.

The Parties irrevocably agree that any legal action or proceedings arising out of this agreement and in relation to the transactions contemplated herein and the rights and obligations of the Parties, may be brought in the Courts of Mumbai in India and irrevocably submits itself to the jurisdiction of that court.

The client agrees with the terms and conditions set out above in total and agrees to abide by the same.

This agreement shall come into effect from the date it is accepted either physically or electronically by the client.

Accepted Electronically by SAMCO Securities Limited and the Client.

Place: Mumbai