The provision of Article (118) of the Law shall be applied if the selling or purchasing is conducted directly or indirectly on a listed Security by the Insider while possessing Inside Information in the following cases: 1. If the Insider sells or purchases a Security while possessing Inside Information related to such security. 2. If the Insider sells or purchases on behalf of another Person. 3. If the Insider assigns another Person to sell and purchase on his/her behalf thereof. 4. If the Insider exploits accounts of other Persons to conduct transactions of selling or purchasing. 5. If the Insider is an employee for a Licensed Person and has Inside Information regarding the intention of a Client to trade on a Security, and such Insider, consequently, enters orders for the same security before the orders of such Client are entered, in order to get precedence and achieve a benefit for such insider or a third party. 6. If the Insider has Inside Information concerning a Merger project or an Acquisition Offer on a Security, and such insider sells or purchases the same security, while possessing such information, excluding cases in which it is permissible to sell or purchase in accordance with the provisions of Module Nine (Mergers and Acquisitions) of these Bylaws. 7. If the Insider discloses Inside Information or gives advice to another Person, based on Inside Information.8. If any Person sells and purchases a Security, based on Inside Information acquired thereby from an Insider and such Person is aware of the nature of such information, in order to achieve any benefit for such person or for a third party.