The General Assembly approved and ratified the issuance of new corporate bonds pursuant to the following terms:

The General Assembly authorized the Chairman of the Board of Directors, in all capacities he enjoys whether on behalf of APIC or on behalf of its subsidiaries, to make available to the relevant authorities the required guarantees and undertakings to accomplish and complete the Two Issuances whether through the transfer, removal/release or the institution and recordal of new mortgages on the moveable and immoveable properties of the Company and that of its subsidiaries (including the recordal of first and second ranking mortgages) and to take any requisite measures for the implementation and achievement of the Two Issuances.

The General Assembly authorized the Chairman of the Board of Directors to undertake all required measures and procedures for the purposes of completion of the Two Issuances and determine the number of these bonds as the Chairman deems suitable in addition to sign, on behalf of the Company, all contracts and documents and necessary applications, extend all commitments and guarantees, or any other matters relevant to the subject in addition to taking the necessary decisions including authorizing individuals, lawyers or entities in relation to all the authorities vested in him or any part thereof to ensure proper execution of the bonds issuance pursuant to this meeting, which shall include authorizing and appointing whoever he deems suitable to for the removal/release or transfer of any existing mortgage or to mortgage the moveable and immoveable properties of APIC and its subsidiaries in Palestine, Jordan or anywhere else in the world up to the gross nominal value of the issued bonds.