Common use of EXCHANGE TRADED OPTIONS, PLEDGING AND SUB-POSITIONS Clause in Contracts

EXCHANGE TRADED OPTIONS, PLEDGING AND SUB-POSITIONS. 4.2.1 Where You arrange with ASX Clear to lodge Financial Products in a Participant Sponsored Holding as a cover for written positions in the Australian Options Market, and inform State One of the arrangement, You authorise State One to take whatever action is reasonably required by ASX Clear in accordance with the Rules to give effect to that arrangement. 4.2.2 Where You arrange with any person to give a charge over, or any other interest in, Financial Products in a Participant Sponsored Holding, You authorise State One to take whatever action is reasonably required by the person in accordance with the Rules to give effect to that arrangement. 4.2.3 You acknowledge that where, in accordance with this Agreement and/or Your instructions, State One initiates any action which has the effect of creating a sub-position over Financial Products in the Participant Sponsored Holding, Your right to transfer, convert or otherwise deal with those Financial Products is restricted in accordance with the terms of the Rules relating to sub-positions. 4.2.4 Nothing in this Agreement operates to override any interest of ASX Clear in the Financial Products.

EXCHANGE TRADED OPTIONS, PLEDGING AND SUB-POSITIONS. 4.2.1 Where You arrange with ASX Clear to lodge Financial Products in a Participant Sponsored Holding as a cover for written positions in the Australian Options Market, and inform State One of the arrangement, You authorise State One to take whatever action is reasonably required by ASX Clear in accordance with the Rules to give effect to that arrangement. 4.2.2 Where You arrange with any person to give a charge over, or any other interest in, Financial Products in a Participant Sponsored Holding, You authorise State One to take whatever action is reasonably required by the person in accordance with the Rules to give effect to that arrangement. 4.2.3 You acknowledge that where, in accordance with this Agreement and/or Your instructions, State One initiates any action which has the effect of creating a sub-position over Financial Products in the Participant Sponsored Holding, Your right to transfer, convert or otherwise deal with those Financial Products is restricted in accordance with the terms of the Rules relating to sub-sub- positions. 4.2.4 Nothing in this Agreement operates to override any interest of ASX Clear in the Financial Products.