The Company Contract shall state that 10% at most of the issued shares of the company may be purchased at their market value and that partners may not purchase or sell the company’s shares unless they obtain the Authority written approval for the same which is given pursuant to an application submitted to the Authority, including the following information: 1. The kind of transaction intended by the company, be it purchase only or sale only or purchase and sale of its shares. 2. Copy of the minutes of the ordinary general assembly meeting, wherein the Board of Directors is authorized to purchase or sell 10% at most of the company’s shares, provided that such authorization is valid and was not given more than eighteen months previously. 3. Number of the company’s Shares required to be purchased or sold. 4. Sources of finance proposed for the purchase of Shares. 5. Copy of the audited financial statements and last quarterly financial statements.as approved by the competent Regulatory Bodies. 6. Copy of the shareholders’ registry issued by the Clearing Agency. 7. Statements of the company’s Subsidiaries, if any. 8. Statement of the costs of the Treasury Shares owned by the company at the date of such application. 9. A financial study explaining the grounds for submitting the application and the consequences thereof. 10. A study made by a licensed Investment Advisor showing the fair value of the shares of any relevant unlisted companies.