Regulations Governing the Organization and Administration of Sinking Fund Established by Electronic Payment Institutions Article 11

The Foundation shall undertake the following tasks:1. Calculating the amount of the Fund's deposit;2. Reviewing drawings of the Fund in accordance with Article 8 herein; and3. Reviewing other matters relating to management and drawing of the Fund.Meetings of the Foundation will be called and chaired by the chairperson. Where the chairperson is unable to perform his/her duty, a director designated by the chairperson will chair the meeting on his or her behalf. In the absence of such a designation, the director will elect one among themselves to chair the meeting.No resolution of the Foundation may be adopted at a meeting unless it is attended by at least a majority of all directors and at which meeting a majority of the directors present are in favor of such resolution. But for matters provided in Subparagraph 2 of Paragraph 1 hereof, no resolution may be adopted at a meeting unless it is attended by at least two thirds of all directors and at which meeting at least two thirds of the directors present are in favor of such resolution.