English Translation

- 10 - 48 The managing directors of the company shall submit the annual report, the balance sheet , the loss= and profit statement and the audit report to the authority of the Reichsprotector in Prague at the latest by 1 Oct. each year . The company has to remedy all complaints of the Reich Protector, the Ministry of Social and Health Administration, as well as of the Examination Association by appropriate measures. The board of the examination association or a representative appointed by it is entitled to attend the shareholder= meetings and to take the floor in it at any time. §16 Distribution of profits_: In order to ensure the fulfilment of the purposes of the company a main reserve has to be formed . In the main reserve must first lie lo / ten / of hundred of the net profit remaining after deduction of all operating costs . If this reserve reaches lo / 10 / of the hundred of share capital , a further supply may be omitted . Of the further net profit , a profit share of not more than 4 / 4 / of the hundred of the paid-up shares may be distributed to the shareholders . The company meeting decides on the use of the remaining balance of the net profit with the measure that it is presented either as profit for the next year , or is transferred to a special reserve . The main reserve may only be used for its purpose.