He/she shall also be considered a Beneficial Owner [including Ultimate Beneficial Owner (“UBO”)] if he/she falls under any of the following definitions of UBO:
(a) owns or controls, indirectly, 25% or more of the shares or voting rights of the entity; or
(b) benefits from or controls at least 25% of the property of the entity; or
(c) owns all assets or undertakings of the entity; or
(d) exercises ultimate effective or significant control over the entity; or
(e) have executive authority in the entity.