activity accepted by the Office A minimum of 3 hours per course or seminar A minimum of 1 hour of lecturing per subject Hours accumulation 1. Breaks will not be counted except breaks of 15 minutes or less 2

liabilities or financing lease contract which is not be counted for calculating total liabilities, or have loans, debentures, or any obligations which is counted for calculating qualified liabilities, a

and the two-year period shall be counted from the 1st day of January of the following year. Clause 9. In renewing for approval to be listed in the register of person qualified to be property fund

period shall be counted from the 1st January of the following year. Clause 8. In case where a person who obtains approval as category B investor contact also listed in the register of person qualified to

approval takes effect as from the approval date and the two-year period shall be counted from the 1st January of the following year. Clause 11. In renewing for approval to be listed in the register of person

investor contact is given for two years period, the first approval takes effect as from the approval date and the two years period shall be counted from the 1st January of the following year. Clause 8. Any