A company’s Board of Directors shall issue a resolution for increasing the capital of the company by the amount required for converting the Preferred Shares into ordinary Shares in accordance with the conditions and regulations stated in the Prospectus. Such resolution shall be pending on satisfying the conditions of converting the Preferred Shares into ordinary Shares in accordance with the Prospectus. This resolution shall be attached to the documents submitted to the Authority to obtain the approval for the conversion of the Convertible Preferred Shares into ordinary Shares.