Incredimail 2013 Annual Report Download - page 166

For the purpose of giving full effect to any resolution under Article 67 and without derogating from the provisions of Article
8.2
hereof, the Board may settle any difficulty that may arise in regard to the distribution as it thinks expedient, and, in particular, may issue
certificates for fractional amounts of shares or other securities, and may fix the value for distribution of any specific assets, and may
determine that cash payments shall be made to any shareholder upon the footing of the value so fixed, or that fractions of less value than
the nominal value of one share may be disregarded in order to adjust the rights of all parties, and may vest any such cash, shares,
debentures, debenture stock or specific assets in trustees upon such trusts for the persons entitled to the dividend or capitalized fund as
may seem expedient to the Board. Where required, a proper contract shall be filed in accordance with Section 291 of the Law, and the
Board may appoint any person to sign such contract on behalf of the persons entitled to the dividend or capitalized fund.
68.
Implementation of Powers under Article
67
69.
Dividends on Unpaid Shares
69.1. Without derogating from Article
65 hereof, the Board may give an instruction that shall prevent the distribution of a
dividend to the holders of shares for which the full amount payable has not been paid.
69.2.
The Board may deduct from any dividend payable to any Shareholder all sums of money, if any, presently payable by such
Shareholder to the Company on account of calls or otherwise in relation to the shares of the Company. The Board may retain
any dividend or other moneys payable on or in respect of a share on which the Company has a lien, and may apply the same
in or toward the satisfaction of the debts, liabilities or engagement in respect of which the lien exists.
70.
Retention of Dividends
70.1.
The Board may retain any dividend or other monies payable or property distributable in respect of a share on which the
Company has a lien, and may apply the same in or toward satisfaction of the debts, liabilities, or engagements in respect of
which the lien exists.
70.2.
The Board may retain any dividend or other monies payable or property distributable in respect of a share in respect of
which any person is, under Article
21 entitled to become a Shareholder, or which any person is, under such Article, entitled
to transfer, until such person shall become a shareholder in respect of such share or shall transfer the same.
-
26
-