Companies shall have the right to issue Convertible Preferred Shares which are convertible into ordinary Shares in accordance with a resolution issued by an extraordinary general assembly of the company pursuant to a justified proposal of the Board of Directors in accordance with the following provisions and regulations: 1. Determine the rules upon which the Preferred Shares can be converted into ordinary Shares, particularly the share value on which the conversion shall be carried out. 2. The Preferred Share issue rate to be not less than the par value of the ordinary share. 3. The par value of shares into which the preferred shares are proposed to be converted, in addition to the par value of the Shares issued at the time of this issue of preferred shares, and the amount of authorized capital. 4. The period during which Preferred Shares may be required to be converted into ordinary Shares. 5. How far an owner of Preferred Shares is entitled to recover their value if it does not desire to convert them.