Article 16 of the fifth Article of Law 3607/2007 (Government Gazette, Series I, No 245) on the decision-making and minutes of the Board of Directors of IDIKA AE shall be amended as follows: in paragraph 1, (aa) in the first subparagraph, (i) the words ‘his deputy’ are replaced by the word ‘Vice-President’, (ii) the words ‘but at no time may the number of advisers present or represented be less than three (3)’ are added, (ab) a second subparagraph is added and (b) paragraph 4 is added and Article 16, following legislative improvements, is worded as follows:

‘Article 16

Decision-making and minutes of the Board of Directors

1. The Board of Directors shall be in quorum and shall meet validly if it is chaired by the President or the Vice-President and half (1/2) plus one of its members are present, but at no time may the number of directors present or represented be less than three (3). In order to find the quorum number, any resulting fraction shall be omitted.
2. The Management Board shall act by an absolute majority of the members present in person. In the event of a tie, the President shall not have the casting vote. In case of personal issues, the Board of Directors decides by secret ballot, which is done by ballot. Each member has one (1) vote.
3. With the care and supervision of the President, the Secretary of the Board of Directors shall keep minutes of the deliberations and decisions of the Board of Directors, which shall be recorded in a separate book and signed by the members present. These minutes shall certify the decisions taken. No member may refuse to sign the minutes of a meeting which were present, but shall be entitled to require that his opinion be recorded in the minutes if this is contrary to the decision taken. The decision taken lawfully not to sign the minutes by a member present at the meeting shall not be null and void, provided that the minutes state that he or she refuses to sign them. Copies or extracts of the minutes shall be issued by the Chairman or his deputy or by the person appointed by decision of the Management Board. The Secretary of the Board of Directors shall receive an allowance at a meeting determined by decision of the Board of Directors.
4. The drawing up and signing of minutes by all members of the Board of Directors or their representatives shall be equivalent to a decision of the Board of Directors, even if there has been no prior meeting. This arrangement shall also apply if all members of the Board of Directors or their representatives agree to have their majority decision recorded in a minutes, without a meeting. The minutes shall be signed by all the advisers.';