In the event of a Merging Company being listed on an Exchange, any Treasury Shares of such company may be used as a part of the shares that shall be issued in favour of the shareholders of the Merged Company provided that an approval shall be obtained from the Authority and an extraordinary general assembly of the Merging Company. An independent clause approving the use of Treasury Shares in the Merger shall be included in the agenda of the extraordinary general assembly of the Merging Company.