Subsection 4: Reverse split of shares not admitted to trading on a regulated market.

The amount provided for in article L. 228-29-1 is 3.81 euros. The amount provided for in the second paragraph of article L. 228-29-2 is 15.25 euros.

Decisions by general meetings of shareholders, relating to the consolidation of shares, provided for in articles L. 228-29-1 and L. 228-29-2, are taken, under the conditions laid down for amending the Articles of Association, on the proposal of a manager or the Board of Directors; this proposal relates in particular to the price for trading fractional shares and the commitments relating to this trading provided for in Article L. 228-29-2….

The commitments provided for in article L. 228-29-2 are brought to the attention of the General Meeting by the manager or the Board of Directors and reproduced in the report of the Supervisory Board or the Statutory Auditors.

The period provided for in the first paragraph of Article L. 228-29-3 is two years from the initial date of the consolidation transactions. Shareholders who have given the undertaking provided for in article L. 228-29-2 have an additional period of one month from the expiry of the period provided for in the first paragraph to consolidate their shares. The provisions of the first paragraph of Article L. 228-29-3 do not…

The decisions of the general meetings of shareholders referred to in article R. 228-28 are published in the Bulletin des annonces légales obligatoires. This publication indicates the date on which the consolidation operations will begin; this date is at least fifteen days after the date of publication. This publication shall also indicate: 1° The company name and form of the company; 2° Its registered office; 3° The amount of its…

The nullity actions provided for in the second paragraph of Article L. 228-29-6 shall lapse five years after expiry of the period provided for in the first paragraph of Article R. 228-30.