BUSINESS MERGERS AND ACQUISITIONS ACT Article 9

Any reorganization plan proposed under Article 304 of the Company Act may expressly provide that the credits of the creditors on the company shall be applied to pay up calls required by new shares issued by the company acquired by the creditors, and this may be exercised after the approval from the meeting of interested parties held under Article 305 of the Company Act and the ruling of approval by the court, without being subject to Articles 270, 272 and 296 of the Company Act.