Incredimail 2013 Annual Report Download - page 142

PUBLIC COMPANY; LIMITED LIABILITY AND COMPANY OBJECTIVES
CAPITAL
The share capital of the Company shall be NIS 1,200,000, consisting of 120,000,000 ordinary shares, each having a nominal value of
NIS 0.01 (the "Ordinary Shares"), each having a nominal value of NIS 0.01. The powers, preferences, rights, restrictions, and other
matters relating to the Ordinary Shares are as set forth in the Articles. Warrants and options shall not be considered as shares for
purposes of the Articles.
The Ordinary Shares will rank pari passu
with one another in all respects. Each Ordinary Share shall confer on the holder thereof the
right to receive dividends in cash, shares or other securities or assets, the right to participate in a distribution of the Company's assets at
the time of its winding-
up and the right to receive notices to and to attend and vote (one vote in respect of each Ordinary Share) in every
vote at each general meeting of the Shareholders.
2. The Company is a public company as such term is defined in Section 1 of the Law. The liability of the Company’
s Shareholders is
limited and, accordingly, each Shareholder’s responsibility for the Company’
s obligations shall be limited to the payment of the
nominal value of the shares held by such Shareholder, subject to the provisions of these Articles and the Law.
3.
The Company's objectives are:
3.1.
The development, manufacture and marketing of software;
3.2.
Any other objective as determined by the Board.
4.
Share Capital
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2
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