Except for Preferred Shares, Shares may be issued or offered for subscription without compliance with the provisions of Article (5-1) of this Module in the following cases: 1. An invitation to no more than fifty Persons for subscription of Shares in Kuwait. 2. Issuance or offering of Shares of no more than KWD 1,000,000 within twelve months from the last date of issue. 3. Issuance of Shares of no more than 10% of the last issue of the same class of Shares within a period of no more than twelve months. 4. Issuance of bonus Shares to be distributed among shareholders as a dividend. 5. Issuance of Shares within the framework of an employees’ stock option plan. 6. Issuance of Shares for the benefit of the Issuer’s creditors for the purpose of restructure the Issuer’s debts. 7. Any other cases determined by the Authority.No promotion through the mass media for an issuance or offering shall be permitted in the cases stated in this Article.