If at any one time, the Company holds directly or indirectly more than three (3) real estate properties, the Company’s shares and/or the beneficiary parts which may be issued from time by the Company shall not be held by more than thirty (30) shareholders and/or holders of beneficiary parts.

If at any one time, the Company holds directly or indirectly more than three (3) real estate properties, the Company’s shares and/or the beneficiary parts which may be issued from time to time by the Company shall not be held by more than thirty (30) shareholders and/or holders of beneficiary parts.