The following conditions are considered as trades executed by corporate Insiders in a Listed Company: 1. If an Insider in a Listed Company trades the Securities issued by the company as a proxy, guardian or custodian. 2. If any corporate Person, through which an Insider in a Listed Company and his minors who are under his custody own 50% or more of the capital of this corporate Person, either directly or indirectly, or control the rights of more than 50% of its voting rights in any general assembly for that corporate Person, trades in the Securities issued by it. 3. If a corporate Person trades in the Securities of a Listed Company while one of his employees is a Member of a Board of Directors in that Listed Company. 4. Transactions of the staff of the Governmental or Regulatory Authorities which receives Inside Information concerning the Listed Company.