(i)　　If the ratio bcゲーム コード voting rights held by the Company (including both directly and indirectly held, hereinafter the same) in a Japanese company or other entity (including investment funds and investment management companies, hereinafter the same) is fifty percent (50%) or more, that company or other entity may use the name “SBI” on its trade name or trademark (if that is incidental to its trade name) (hereinafter the “Use”).

(ii) 　However, if the ratio bcゲーム コード voting rights held by the Company in a Japanese company or other entity is less than fifty percent (50%), or in the case bcゲーム コード a foreign company or other entity, or goods or services, it is possible to use the name “SBI” if the Representative Director and President finds that the Use is particularly necessary from the perspective bcゲーム コード business strategy.

(iii)　If a business competitive relationship within the Company group actually arises or is likely to arise, and not permitting the Use is reasonable from the perspective bcゲーム コード the management bcゲーム コード the group such as distributions to segments bcゲーム コード the entire Company group and business efficiency;

(iv)　If the Use does not comply with or is likely to not comply with regulations regarding trademarks in or outside bcゲーム コード Japan; or

(v)　 If not permitting the Use is otherwise reasonable from the perspective bcゲーム コード avoiding risk bcゲーム コード damage to the value bcゲーム コード the SBI brand and the maintenance and improvement bcゲーム コード the value bcゲーム コード that brand.