Common use of NOMINEE Clause in Contracts

NOMINEE. 6.1 The Client hereby appoints SICO as Nominal Owner of Securities held in the Account for purposes of the relevant Exchange(s) (if applicable) and authorizes SICO to execute transactions in SICO’s name (when applicable) on behalf of the Client. SICO in acting as Nominee shall register Securities purchased on behalf of the Client in SICO’s name, however, all rights and liabilities shall remain for the account of the Client. By authorizing SICO as Nominee, the Client automatically authorizes SICO to be the Custodian for Securities registered in SICO’s name. It should be noted that in GCC markets, the nominal ownership of all Clients for any particular Security would be pooled together in SICO’s name. The Client acknowledges that the risk of such pooling is that the counterparty might liquidate the entire position in any or all Securities held with such counterparty in order to recover amounts due from SICO or another Client. In such event, the Client will be entitled to the Client protection rules as set out in clause 25 below.

NOMINEE. 6.1 7.1. The Client hereby appoints SICO as Nominal Owner of Securities held in the Account for purposes of the relevant Exchange(s) (if applicable) and authorizes SICO to execute transactions in SICO’s name (when applicable) on behalf of the Client. SICO in acting as Nominee shall register Securities purchased on behalf of the Client in SICO’s name, however, all rights and liabilities shall remain for the account of the Client. By authorizing SICO author- xxxxx XXXX as Nominee, the Client automatically authorizes SICO to be the Custodian for Securities registered in SICO’s name. It should be noted that in GCC markets, the nominal ownership of all Clients for any particular Security would be pooled together in SICO’s name. The Client acknowledges that the risk of such pooling is that the counterparty might liquidate the entire position in any or all Securities held with such counterparty in order to recover amounts due from SICO or another Client. In such event, the Client will be entitled to the Client protection pro- tection rules as set out in clause 25 below.

NOMINEE. 6.1 5.1. The Client hereby appoints SICO as Nominal Owner of Securities held in the Account for the purposes of the relevant Exchange(s) (if applicable) and authorizes SICO to execute transactions in SICO’s name (when applicable) on behalf of the Client. SICO in acting as Nominee shall register Securities purchased on behalf of the Client in SICO’s name, however, all rights and liabilities shall remain for the account of the Client. By authorizing SICO as Nominee, the Client automatically authorizes SICO to be the Custodian for Securities registered in SICO’s name. It should be noted that in GCC markets, the nominal ownership of all Clients clients for any particular Security would be pooled together in SICO’s name. The Client acknowledges that the risk of such pooling is that the counterparty might liquidate the entire position in any or all Securities held with such counterparty in order to recover amounts due from SICO or another Clientclient. In such event, the Client client will be entitled to the Client client protection rules as set out in clause 25 20 below.