Subject: NAFA “ClickPAY” Service

Dear Investor,

NAFA “ClickPAY”, is an internet/ATM based free of cost E-Banking Service, for its valued individual investors. Now,
transferring investment from NAFA Funds to any other bank account and paying utility / mobile phone bills is just on a
single “CLICK” away, either through our website or Summit Bank ATMs across Pakistan.

Through “ClickPAY”, our investors enjoy access to the following facilities:

Funds Transfer to Summit Bank (FT).

Inter Bank Funds Transfer to banks other then Summit Bank (IBFT).
(Banks that are on 1 link/MNet).
Utility Bill Payment (including post paid mobile bills).
Mobile recharge (prepaid mobile numbers only).
Summary Balance of NAFA Funds.
Statement of NAFA Funds (transactions history).

Per day limits of ClickPAY will be 60% of your eligible Fund’s balance subject to following limits.
Transaction Types Mode
Website ATM Total
(Per Day Limit) (Per Day Limit) Limit
Funds Transfer to Summit Bank (FT) 200,000 200,000 400,000
Inter Bank Funds Transfer to other banks (IBFT) 200,000 200,000 400,000
Utility Bill Payment (including post paid mobile bills) 65,000 65,000 130,000
Mobile recharge (prepaid mobile numbers only) 5,000 5,000 10,000
If you are already holding the NAFA ATM Card and want to register for “ClickPAY” just submit “E-Banking
Application Form” attached with this correspondence and also available on our website, by personally visiting any
NBP branch where NAFA Funds counter is available, NAFA Islamic Savings Centers or NAFA Head Office with
your valid original CNIC. For NAFA investors who want to opt for this Service but do not hold NAFA ATM Card
presently, please submit the attached Form and select “ATM and E-Banking” box at the top of the Form*. After
you have received and activated your ATM Card, you can avail the “ClickPAY” services.

For further details, please contact your NAFA Investment Facilitator or call at 0800-20002 or email us at
info@ nafafunds.com

Regards,

Kamal Ahmad
Manager Branding

*Investors must have minimum balance of Rs 100,000 in all eligible NAFA Funds to avail facility of NAFA ATM Card.

Disclaimer: All Investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to
understand investment policies and the risks involved.
 NAFA ATM CARD & E-BANKING
APPLICATION FORM
NBP FULLERTON ASSET MANAGEMENT LIMITED
PARTICULARS OF THE APPLICANT DATE (DD/MM/YY):
UNIT HOLDER’S INFORMATION :

Application for: ATM only E-banking* ATM and E-banking*

NAFA Account Number:

Title of Account:
(To be printed on ATM Card and shoud
not exceed 19 characters)
Applicant Name: (As per NAFA Record)

Father’s / Husband Name:

Occupation

Telephone Number: Mobile Number:

Mailing Address:

City:
E-mail Address:
(Mandatory for E-banking facility)

Mother’s Maiden Name: Date of Birth: (DD/MM/YY)

CNIC: - -

UNIT HOLDER’S INFORMATION FOR E-BANKING:

NAFA ATM Card Number:

*ATM Card is mandatory to avail E-banking facility.

AUTHORIZATION, UNDERTAKING AND ACCEPTANCE
1. I/We have read understood and agree to abide by the terms and conditions of usage of the Co-Branded Card mentioned overleaf and under-
stand that ATM Card / E-banking facilites. ATM Transaction are only valid for use in Pakistan and transactions shall be in Pak Rupees.
2. I/We further understand that ATM Card and E-banking facilities are being provided to me by Summit Bank Ltd under arrangement with
NAFA. The ATM Card is being issued and E-banking facility provided to me under Summit Bank Ltd’s standard terms and conditions and rules
and regulations applicable thereto.
3. This will be issued primarily for the purpose of redemption of the Units of the Funds managed by NAFA so that the redemption proceeds can
be drawn by me in cash or by fund transfer within summit bank or others banks or payment of utility bills or purchase of mobile cards at any
ATM terminal of the Bank and 1Link / MNET network.
4. I/We understand that each transaction/ activity mention in point 3 through E-banking and ATM via Co-Branded Card will be redemption of
my NAFA Units of the relevant Fund managed by NAFA.
5. I/We unconditionally and irrevocably, authorize NAFA and the Trustee to redeem such number of units or fraction thereof, that are equal to
the redemption amount on the basis of daily redemption value of the units of respective fund, announced as of the close of the Dealing Day
before Cut-off time and shall be inclusive of transaction charges, charged by the Bank in respect of each transaction and redemption
processing charges and applicable Government duties and taxes.
6. I/We undertake to refund to NAFA the amount of excess cash withdrawn by me for any reason over and above the limit prescribed by NAFA
for redemption , or authorize NAFA to redeem the overdrawn amount if any against the balance Units lying with NAFA Funds.
7. I/We undertake, not to pass the Card or PIN number to any other person and shall take every possible care to prevent the Card from being
lost, misplaced , stolen or misused and I/we shall be liable for all losses and consequences resulting there from.
8. I/We understand and acknowledge that the E-banking and ATM facilities are provided to me entirely at the discretion of Summit Bank Ltd
and / or NAFA and shall not be available to me as a matter of right. Furthermore, I/we am aware of all the risk, exposure, liability and responsi-
bility in using the E-banking and ATM facilities and undertake to indemnify and hold Summit Bank, NAFA, respective Funds, Trustee and their
from and against all losses, damages, claims and expenses which I or they or any of them may suffer or sustain as
a result of using of the E-banking and ATM facilities.

Signature ___________________
As per NAFA Record Principal Unit Holder
FOR OFFICIAL USE ONLY (NAFA)
Form received on (Date & Time) Data Input by

Final Approval for Issuance of ATM Card : ____________________________ Final Approval for activation of E-Banking : ____________________________
FOR OFFICIAL USE ONLY (BANK)

DATE (DD / MM / YY):

Ref # : 634, Date : 5 June 2015

TIME: ______ : ______ AM / PM

Form reviewed and checked by:
 NBP FULLERTON ASSET MANAGEMENT LIMITED
TERMS AND CONDITIONS
1. Under an arrangement between the Summit Bank (the “Bank”) and NAFA, Co-Branded ATM Card is specially designed and developed with
the mutual consent of Bank and NAFA containing logos of Bank and NAFA for the purpose of redemption / encashment of electronic units of
the Funds of NAFA’s individual Unit Holders through Co-Branded ATM Card Facility to be provided to the Unit Holders by the Bank from time
to time unto the drawing limits stipulated by NAFA. The NAFA unit holders who have activated this Co-branded ATM Card are also eligible for
NAFA E-Banking services available through NAFA website www.nafafunds.com. The below terms and conditions apply to both; Co-Branded
ATM Card used through any ATM whether of Summit bank or any other banks and E-Banking facility. This service initially covers:

Summit Bank Others banks NAFA E-Banking

Facility
ATM ATM through NAFA website
Cash Withdrawal   
Funds Transfer to Summit Bank (FT)   
Funds Transfer to banks other then Summit Bank (IBFT)   
Utility Bill Payment (including post paid mobile)   
Mobile recharge (prepaid mobile numbers only)   
Balance / Statement of NAFA Funds   
Summary Statement / Balance Inquiry   

2. The Unit Holder being the customers of NAFA has accepted the above arrangement of automatic encashment of the Units of the Funds through
Co-Branded ATM Card Facility / E-Banking facility provided by the Bank and NAFA based on the redemption price(s) of such Unit(s) of the
pertinent Fund(s), prevailing on the date of withdrawal within the Cut-off timings by the Unit Holder.

3. The ATM Card, shall be activated by the Bank once it receives a call on its call center from the Unit Holder from his/her registered number and

4. The E-Banking facility enables a unit holder to submit E-Banking application forms for those individual investors who hold NAFA Co-Branded

5. The Unit Holder understands and agrees that he/she shall utilize the Co-Branded ATM Card Facility / E-Banking facility to be provided by the
Bank solely for the purpose of encashment of his/her Units of NAFA Funds and for no other purpose.

6. The Unit Holder hereby grants an irrevocable and unconditional authorization to Bank and NAFA to debit the Unit Holder's Account of respec-
tive Fund lying with NAFA against each drawing of cash / transfer or utilization of Funds by him/her via Co-Branded ATM Card / E-Banking
facility and further hereby grants an irrevocable and unconditional authorization to NAFA and the Trustee to redeem the Units of the Funds

7. The Unit Holder agrees that the Bank may charge a transaction fee for each transaction / balance enquiry to be deducted at the time of transac-
tion / balance enquiry at Bank’s ATM / NAFA E-Banking portal. In case of balance enquiry, no amount will be charged if the request for balance
enquiry is made from Bank’s terminal / NAFA E-Banking portal. The Bank transaction fee is subject to revision as per mutual consent between
the Bank and NAFA without prior intimation to the Unit Holder.

8. The Unit Holder also agrees to pay Bank charges for transaction carried through Bank’s ATM and through 1Link network or NAFA E-Banking
portal to be deducted at the time of transaction. These rates are subject to revision by the Bank and/ or 1Link or any other relevant party at any
time. However any revision by Bank and 1Link network or any other relevant party shall not be challenged by the Unit Holder and shall be
paid as soon as NAFA informs the Unit Holders to do so. The transaction charges so deducted shall be reimbursed by NAFA to the Bank.

9. NAFA will not charge any transaction charges to its unit holders irrespective that transaction is carried out through ATM or / NAFA E-Banking
portal. In regards to any costs actually charged to NAFA unit holder and his / her units redeemed thereupon will only be as pass through of
actual charges to be paid to the Bank / 1Link / MNet / or any other relevant party, revenue authority etc.

10. The Unit Holder agrees that each drawing of cash / transfer or utilization of Funds via his/her Co-Branded ATM Card / NAFA E-Banking facility
shall be subject to an aggregate single day drawing limit as communicated to unit holder from time to time. Limit will be available for 24 hours

change as per discretion of NAFA / the Bank / any other relevant party like SBP / 1 link / MNet etc.

11.
allowed. The Unit Holder therefore undertakes that he / she shall not make any activity via Co-Branded ATM Card Facility/ NAFA E-Banking
facility for drawing over and above the prescribed limit and such request shall not be honored by the Bank and NAFA.

12. Notwithstanding this condition, in case for any reasons, if the Unit Holder somehow overdraws cash / transfer or utilization of Funds over and
above his prescribed limit, then the Unit Holder agrees to authorize NAFA to redeem such number of units equal to the withdrawn amount
from the balance of units lying with NAFA.

13. In case the transaction is completed and the Unit Holder’s units are redeemed and cash/ transfer or utilization of Funds is either not disbursed
or disbursed / transferred short or in excess by the ATM / NAFA E-Banking portal, the Unit Holder is required to lodge a claim form/complaint
with the Bank/ NAFA for respective transaction amount. The matter shall be resolved by NAFA/ Bank after calling satisfactory evidence and

14. The Bank shall have no concern with the actual encashment of Units of the Funds or any dispute between the Unit Holder and NAFA or the
Trustee of the Funds and the Unit Holder undertakes not to involve the Bank in any such disputes.

15. The Unit Holder undertakes to indemnify and hold the Bank, NAFA and the Trustee harmless from and against all losses, costs and damages
that may be suffered or sustained in the performance of ATM transaction.

16. The Unit Holder agrees for the safe custody of the card / Login / password details of NAFA E-Banking facility and any loss, theft or handing over
the card / Login / password details of NAFA E-Banking facility to an unauthorized person and misuse of the card in any manner shall be the
responsibility of the Unit Holder and he/she shall be responsible to pay for all charges incurring due to the aforementioned circumstances. In
case of lost / Login / password details of NAFA E-Banking facility theft and/or misuse of the card / Login / password details of NAFA E-Banking
facility the Unit Holder also agrees to report to Summit Bank immediately on Summit Bank Contact Center.
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 NBP FULLERTON ASSET MANAGEMENT LIMITED
TERMS AND CONDITIONS
17. NAFA shall have the right to disable any or all funds for ATM transaction / NAFA E-Banking facility access with prior notice to NAFA’s
Co-Branded ATM Card holders. This shall however have no impact on the Unit Holders/ ATM Card Holders usual right to redeem their units
as per the redemption procedures mentioned in the Offering Documents of NAFA Funds.

18. The cutoff timings of the transaction will be the same as mentioned in the Offering Documents of NAFA Funds, if any transaction executed
after the cut off time, the redemption rates shall be of the next day.

19. The above Terms and Conditions shall be subject to change from time to time under intimation to NAFA Co Branded ATM Card Holders includ-
ing those who have activated NAFA E-Banking facility and also posted on the website of NAFA; www.nafafunds.com

20. These Terms and conditions shall remain valid and binding on the Unit Holder unless cancelled/terminated by the Bank and NAFA. Unit
Holder agrees not to challenge any such cancellation/termination and will not contest this in anyway.

21.
control of NAFA and the Bank including communication malfunctions, power outage at any level / war, strike, act of any civil or military or

terms.

22. All ATM Card / NAFA E-Banking (pass through only) transaction charges and any government taxes, duties and levies etc shall apply and shall
be deducted/ recovered by NAFA by redeeming equivalent number of units from the Unit Holder’s account based on the redemption price
applicable on the redemption proceeds for onward remittance to the Bank and /or revenue authorities.

23. The facility of redemption of units via Co Branded ATM Card and therefore NAFA E-Banking facility also is applicable to NAFA electronic units
of the individual Unit Holders only.

24. I/We acknowledge that NAFA is offering and has the power to provide the ATM Card Facility in compliance with the responsibility imposed
upon it pursuant to the Constitutive Documents of the Funds managed by it, to facilitate divestment by Unit Holders and to make adequate
arrangements for receiving and processing applications in this regard, and the transactions envisaged by the ATM Card Facility along with the
Terms and Conditions shall be legal, valid and binding and in accordance with the provisions of the Constitutive Documents.

25.
Facility and the same will be deemed to have emanated from such Unit Holder. The Unit Holder agrees that all instructions transmitted by using
the ATM Card Facility/E-banking Facility, shall be deemed to be written instructions and agrees not to dispute or challenge the validity or
enforceability of any such instruction on the grounds that such instructions were not written documents and hereby waives any such right the
Unit Holder may have at law. In addition, such instructions are considered original documents and the Unit Holder agrees not to challenge the
admissibility of any such instruction on the grounds that it is made in electronic form.

26. I/We agree, accept and acknowledge that NAFA and Summit Bank Limited shall have no obligation to verify the authenticity of any transaction

27. I/We understand that NAFA and Summit Bank Limited disclaim all and any liability, whether direct or indirect, whether arising out of loss of

as a result of making or not making the ATM Card Facility/E-banking Facility available to any Unit Holder, for whatsoever reason, even if NAFA
and Summit Bank Limited have been advised of the same. The Unit Holder understands and accepts that NAFA and Summit Bank Limited shall
not be responsible for any of the risks. The Unit Holder also accepts that NAFA and Summit Bank Limited have disclaimed all liability in respect
of the said risks. Circumstances where NAFA and Summit Bank Limited will not be liable will include (but not be limited to):

(a) acting on instructions received by NAFA and Summit Bank Limited through the use of the ATM Card Facility/E-banking Facility;

(c) loss or distortion of data during transmission or other faults in the telecommunication network or a network failure.

28. I/We represent to NAFA and Summit Bank Limited that I/We full power to perform my/our obligations in accordance with these Terms and
Conditions and availing the ATM Card Facility/ E-banking Facility.

29. NAFA shall accept electronic transactions and requests for redemption and encashment of Units by Unit Holders through the ATM machines
of [name of Bank] subject to these Term and Conditions. These Terms and Conditions are in addition to and not in derogation of the Constitutive
Documents for the relevant Fund(s) of which the Unit Holder is a Unit Holder and shall be construed in accordance with the applicable law

for the purpose of using it himself for availing of any facilities as may be offered by NAFA and Summit Bank Limited under the ATM Card
Facility/E-banking Facility from time to time. The Unit Holder also agrees to take all possible care to prevent discovery of the login/password
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 NBP FULLERTON ASSET MANAGEMENT LIMITED
TERMS AND CONDITIONS
details/pin code by any other person. The responsibility for misuse of the login/password details/pin code of the Unit Holder is solely of the
Unit Holder and NAFA and Summit Bank Limited shall not be responsible for the use/misuse of the login/password details/pin code or for any
fraudulent transactions made using the ATM Card Facility in any manner whatsoever. Accordingly, the Unit Holder agrees to accept the
activities conducted through the use/misuse of or fraudulent use of the login/password details/pin code of the Unit Holder in the same manner
as if such activities were duly authorised by the Unit Holder itself. The Unit Holder shall inform NAFA and Summit Bank Limited immediately
in case his login/password details/pin code becomes known to any other person or is lost. NAFA and Summit Bank Limited may in its absolute
discretion, issue to the Unit Holder a new login/password details/pin code on similar terms and conditions or under such terms and conditions

and transmitting information and that it involves security hazards and the risk of obtaining of information by any third party will be to its
account and NAFA shall, in no way, be held responsible for the same and this shall not be considered as a breach of its or its constituent
company. The Unit Holder shall accept a copy of the transaction record from NAFA as conclusive evidence of the transaction made by the Unit
Holder by using the ATM Card Facility/E-banking Facility. NAFA and/or Summit Bank Limited reserve the right to take legal action against those
Unit Holders committing or attempting to commit frauds.

30. Stop Payments: The Unit Holder has the right to stop or change any payment. NAFA and Summit Bank Limited shall not be liable to the Unit
Holder due to a stop payment request if the Unit Holder’s order to do so is not presented prior to processing the payment. Once processing of
the payment has begun, the Unit Holder can no longer stop the payment.

31. Liability: If the Unit Holder fails to schedule the Unit Holder’s payment according to the recommended time frame, NAFA and Summit Bank

imposed or any other action taken by a payee resulting from a payment that the Unit Holder has not scheduled properly, including any

32. NAFA and Summit Bank Limited will not be liable if a payment transaction cannot be processed as a result of (i) a legal order prohibiting
withdrawals from the Unit Holder’s bank account, (ii) the Unit Holder’s bank account is closed or has been frozen, (iii) NAFA and/or Summit
Bank Limited are otherwise not authorised to debit the Unit Holder’s bank account, (iv) the transaction would cause the Unit Holder’s balance
to go over the credit limit for any credit arrangement set up to cover overdrafts, or (v) the Unit Holder providing an incorrect account number
or other incorrect details whether personal or otherwise.

33. Method of Payment: NAFA and Summit Bank Limited reserve the right to select, in their sole discretion, the method by which to remit any
payment on the Unit Holder’s behalf to any payee.

34.
and posted by the other institution in accordance with its own rules.

35. Governing Law and Dispute Resolution: Waiver: No forbearance, delay or indulgence by NAFA and Summit Bank Limited in enforcing the
provision of these Terms and Conditions between NAFA and Summit Bank Limited and the Unit Holder shall prejudice or restrict the rights of
NAFA and Summit Bank Limited nor shall any waiver of its rights in relation to a breach of these Terms and Conditions operate as a waiver of
any subsequent breach and no right, power or remedy given to or reserved to NAFA and Summit Bank Limited under the agreement is exclusive
of any other right, power or remedy available to NAFA and Summit Bank Limited, and each such right, power or remedy shall be cumulative.

36. Severability: If any provision of these Terms and conditions is held to be ineffective, unenforceable or illegal for any reason, such decision shall
not affect the validity or enforceability of any or all of the remaining provisions of these Terms and Conditions.

Signature ___________________
As per NAFA Record Principal Unit Holder

INFORMATION / DOCUMENTS REQUIRED AT THE TIME OF SUBMITTING ATM CARD APPLICATION:

Copy of unit holder’s CNIC or Passport

3/3

ACKNOWLEDGEMENT RECEIPT

Folio Number:

Applicant Name:

Date of Receipt: Recevied by:

Signature
Subject: E-Transaction Facility

Dear Valued Investor,

It is our pleasure to inform you that we are now introducing our E-Transaction Facility where by you
can submit your transaction request (Redemption and Fund to Fund transfer) using your web based
online account. This service will facilitate you by eliminating the process of filling out of the physical
Redemption / Fund to Fund transfer Forms.

All you need is to register yourself for the E-Transaction Facility. To this end we are attaching a
registration Form along with this letter. Kindly fill & sign it and send it to our Investor Services
Department, Head Office, 7hFloor Clifton Diamond Building, Block No 4. Scheme No. 5, Clifton Karachi.
Please note that the E-Transaction registration form comprises of 2 pages and both of them MUST be
signed and returned to the Investor Services Department.

On receipt of the filled and signed registration form we will activate the e-Transaction facility for you.

For more information on services of e-Transaction facility please do not hesitate to contact us on our
toll free number 0800-20002 or you may email us at info@nafafunds.com

Looking forward to serving you better.

Regards,

NAFA

NBP Fullerton Asset Management Limited

7'h Floor Clifton Diamond Building, Block No. 4, Scheme No. 5, Clifton Karachi.
UAN: 111-111-632 (NFA),Toll Free: 0800-20002, Fax: (021) 35825329, Email: infoCnafafunds.com, website: www.nafafunds.com
 NBP Fullerton
Asset Management Ltd.
A Subsidiary of
National Bank of Pakistan
TERMS AND CONDITIONS (“TERMS AND CONDITIONS”) FOR
TRANSACTIONS THROUGH ELECTRONIC TRANSACTION FACILITY
Interpretation:

assigned to them in the Offering Documents and the Trust Deeds of the Funds.
The headings are inserted only for convenience and shall not affect its construction.
Where appropriate, words denoting a singular number only shall include the plural and vice versa and words referring to a gender shall, where the context
requires, include the other gender.

1 The Facility:
1.1 In pursuance of the powers conferred on NBP Fullerton Asset Management Limited ("NAFA") under the Trust Deed and the Offering Documents pertaining
to each existing open ended mutual fund and such other funds as may be launched from time to time, by NAFA in the future (“Funds”), NAFA is offering
individual investors in each of its Funds an electronic transaction facility.
1.2 The electronic transaction facility (“E-Transaction Facility”) provides for the disinvestment of units (“Units”) of the Funds by a holder of Units (“Unit Holder”)
and also the conversion of Units of one Fund to Units of another Fund by a Unit Holder ("E-Transactions").
1.3 The E-Transaction Facility enables a Unit Holder to submit E-Transactions using a web based online account (“Web Account”). The Web Account is
password protected and existing Unit Holders with Web Accounts will continue to use their existing passwords. New users of Web Accounts will be sent their

Instruction Form (Form07) (“SIF”), in the event a Unit Holder further changes his address after registering for the E-Transactions (collectively “NAFA’s Records”).
After registering for the E-Transaction Facility, if there is an inconsistency between the address of the Unit Holder as set out in the Account Opening Form and
the Registration Form, then the address as set out in the Registration Form will be deemed to be the address of a Unit Holder in NAFA’s Records, to which all
communications to a Unit Holder shall be sent by NAFA relating to the E-Transaction facility. A Unit Holder can change his/her address at any time by
submitting a duly completed SIF to NAFA and the SIF can be downloaded by the Unit Holder from the NAFA website, www.nafafunds.com (“Website”).

2 Payment Options upon Redemption:

2.1 Payment to Unit Holders against the redemption of Units by them (“Redemption Payment”) by means of a E-Transaction shall be settled in the bank account
(“Account”) designated by the Unit Holder and appearing as such in NAFA’s Records. A Unit Holder can change his Account details at any time by submitting
a duly completed SIF to NAFA and the SIF can be downloaded by the Unit Holder from the Website.
2.2 Redemption Payments can also be made by means of a Demand Draft (“DD”) or cheque. The DD or cheque will be couriered to the address of the Unit
Holder as appearing in NAFA’s Records.
2.3 Third (3rd) Party bank account details submitted by a Unit holder shall not be entertained by NAFA for the purposes of making a Redemption Payment.

3 Eligibility for the E-Transaction Facility: clause 3.2

3.1 The E-Transaction Facility will not be available to those Unit Holders who have not provided their Account details.
3.2 Unit Holders can only avail the E-Transaction Facility in accordance with these Terms and Conditions, However, NAFA reserves the right, at its sole
discretion, to refuse to permit a Unit Holder from using the E-Transaction Facility and neither NAFA nor the Central Depository Company of Pakistan Limited/
MCB Financial Services Limited. (in its capacity of Trustee of the Funds) (“Trustee”), shall be liable to a Unit Holder for such refusal.
3.3 NAFA reserves the right, in its sole discretion, to withdraw any or all the Funds from the E-Transaction Facility with prior notice published on its web site
without assigning any reason for such withdrawal of Fund or suspension of E-Transactions (as the case may be). NAFA also reserves the right, at all times, in its
sole discretion, to withdraw the E-Transaction Facility in its entirety.
3.4 NAFA reserves the right in its sole discretion to block any E-Transaction(s) effected by Unit Holders or any one of them, at any time, without giving prior
notice to the Unit Holder(s) or assigning any reason therefor.
3.5 The E-Transaction Facility will not be available in those cases where dual signatures are required for lodging any redemption request of Units.
3.6 The E-Transaction Facility is only available to individual Unit Holders and shall not be available to corporate Unit Holders.

to utilize the E-Transaction facility for his entire holdings in the Funds.
3.10 No E-Transaction Facility will be entertained on days when the transfer books relating to the Funds are closed (“Book Closure”) days. The Book Closure

4 Registration

and titled, “Registration Form for Accessing E-Transaction Facility”.

5 The E-Transactions:
5.1 A Unit Holder may redeem or redeem and then convert to Units of the Funds. The Unit Holder further undertakes to accept full responsibility for all
E-Transactions effected by him or any other person in his stead. The Unit Holder further declares that he has understood and is capable of effecting the
E-Transactions and further declares that he shall keep the password assigned to him by NAFA in order to use the E-Transaction Facility, in a secure place to
prevent it from being misused. The Unit Holder further undertakes that he will be liable for each E-Transaction effected by the use of the Unit Holder’s
password, whether or not made with his knowledge or authority and the Unit Holder hereby agrees to unconditionally and irrevocably accept NAFA’s records
of all E-Transactions effected by the Unit Holder, as conclusive and binding upon him for all purposes, and all E-Transactions effected by the Unit Holder, shall
be deemed to be irrevocable, conclusive and binding upon the Unit Holder.
5.2 The cut off times for E-Transactions shall be the normal cut off timings i.e. Monday – Thursday: 9:00 A.M. – 5:00 P.M. Friday: 9:00 A.M- 5.30 P.M and on
Saturdays from: 9:00 AM. to 1:00 P.M. (which times can be changed by NAFA from time to time) with 7 days prior notice as provided in the Offering Documents
pertaining to the Funds. For E-Transactions executed after the cut off times, the applicable Net Asset Value of the pertinent Fund shall be that which prevalent on
the next working day. Such E-Transaction will be deemed to be irreversible, unless the Unit Holder cancels it in the manner and at the time prescribed herein.
If an E-Transaction is made during the Book Closure period, then the Net Asset Value applicable to that E-Transaction shall be the Net Asset Value of the relevant
Fund on the next working day for NAFA which is also a Business Day.

Page 1 of 2
Investor’s Signature: ______________________________
 NBP Fullerton
Asset Management Ltd.
A Subsidiary of
National Bank of Pakistan

5.3 The Unit Holder can cancel an E-Transaction, after it has been submitted, by calling NAFA’s call centre before the cut off timings set out hereinabove.
5.4 Selecting Funds for E-Transactions shall be the sole responsibility of the Unit Holder and NAFA shall not be responsible or liable for any loss on any account
that may accrue to the Unit Holder due to the selection of such Fund for the E-Transaction.
5.5 If the Unit Holder submits a request for redemption of Units of a Fund and their simultaneous conversion into Units of another Fund, then if the value of
the redeemed Units is less than the value of the Units of the Fund to which such redeemed amount is to be converted, then all Units available in the Unit
Holders account will be redeemed and not converted.

6 No Liability Section
6.1 NAFA and the Trustee shall not be responsible for any and all consequences, if the E-Transactions involving the use of the E-Transaction Facility is not
honored for any reason, whatsoever, including, but not limited to, any malfunction in the E-Transaction web system and/ or failure of the functioning
E-Transaction Facility.
6.2 The Unit Holder hereby undertakes to indemnify NAFA and the Trustee and hold both of them harmless from and against all losses, damages, costs and
expenses (collectively "Losses") which NAFA and/or the Trustee may suffer and sustain due to breach by the Unit Holder of any of these Terms and Conditions
and undertakes to make good such Losses as demanded by NAFA and/or the Trustee, which demand shall be conclusive and binding upon the Unit Holder.
6.3 NAFA and the Trustee shall not be liable to the Unit Holder for any break-down, malfunction, erroneous or unauthorized transmission or access to the Web
Account.

Registration for Accessing E -Transaction Facility

F olio No.

Name

CNIC No. - -

Email Address :

Address :

Mobile No. :

Mother’s Maiden name:

Bank Account Details:

In case you want to revise your existing Bank Account Details as per NAFA’s Records OR
in case no Bank details are provided in the Account Opening Form:

Title of Account:

Account Number: IBAN#

Bank & Branch Name: Branch Code:

I, hereby declare that I have read and understood the above Terms and Conditions as
stated and hereby undertake that they shall be binding upon me.

Investor’s Signature:

Witness 1: Witness 2:

Name: __________________________ Name:____________________________

Signature: _______________________ Signature:_________________________

CNIC: __________________________ CNIC:____________________________

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