Common use of Initial Public Offering application Clause in Contracts

Initial Public Offering application. I/We may request you to subscribe for new issue of Securities on my/our behalf and for my/our account. I am/We are required to provide certain warranties and make certain representations in respect of such application, including but not limited to the following: (a) That you have due authority to make such application on my/our behalf; (b) That no other application is being made for my/our benefit whether by myself/ourselves or by any other person other than the application you submitted on my/our behalf. I/We hereby expressly authorise you to provide such warranty and representation to the relevant exchange or issuer of the relevant Securities. I/We acknowledge that the aforesaid declaration will be relied upon by the issuer of the relevant Securities in deciding whether or not to make any allotment of Securities in response to the application made by you as my/our agent. I/We will familiarise myself/ourselves with the prospectus or offering document in connection with the application and comply with all the terms and conditions applicable to the application. I/We will be deemed to have provided all the representations, warranties and undertakings to you which an applicant for the relevant new issue is required to give to any party concerned in the new issue. I/We understand that my/our application may be included in a bulk application to be made by you or your agent. I/We acknowledge that the bulk application may be rejected for reasons not related to me/us or my/our application and neither you nor your agent will be liable to me/us for such rejection. I/We will indemnify you for any breach of representations and warranties given or deemed to have been given by me/us in connection with such application.

Initial Public Offering application. I/We may request you to subscribe for new issue of Securities on my/our behalf and for my/our account. I am/We are required to provide certain warranties and make certain representations in respect of such application, including but not limited to the following: (a) That you have due authority to make such application on my/our behalf; (b) That no other application is being made for my/our benefit whether by myself/ourselves or by any other person other than the application you submitted on my/our behalf. I/We hereby expressly authorise you to provide such warranty and representation to the relevant exchange or issuer Issuer of the relevant Securities. I/We acknowledge that the aforesaid declaration will be relied upon by the issuer of the relevant Securities in deciding whether or not to make any allotment of Securities in response to the application made by you as my/our agent. I/We will familiarise myself/ourselves with the prospectus or offering document in connection with the application and comply with all the terms and conditions applicable to the application. I/We will be deemed to have provided all the representations, warranties and undertakings to you which an applicant for the relevant new issue is required to give to any party concerned in the new issue. I/We understand that my/our application may be included in a bulk application to be made by you or your agent. I/We acknowledge that the bulk application may be rejected for reasons not related to me/us or my/our application and neither you nor your agent will be liable to me/us for such rejection. I/We will indemnify you for any breach of representations and warranties given or deemed to have been given by me/us in connection with such application.