Paragraph 3: Amendment of the Articles of Association.

The number of shareholders may be increased during the life of the company, with or without an increase in the share capital.

If the constitution of reserves or the release of capital gains so permits, the share capital shall be increased from time to time. The shares thus created are allocated, in accordance with the criteria for the distribution of profits, to all members, including those who have contributed only their industry. The Articles of Association shall lay down the conditions for the application of the provisions of the preceding paragraph. This…

If the articles of association are amended, a copy of the full minutes of the general meeting or of the amending deed is immediately brought to the attention of the conseil départemental de l’ordre, at the request of one of the managers.

If the new provisions of the Articles of Association do not comply with legislative or regulatory provisions, and if they are not rectified within the time limit set by the Departmental Council, the latter, after calling on the interested parties to present their oral or written observations, will, by reasoned decision, deregister the company.

In the cases provided for in articles R. 4113-63 and R. 4113-64, the Departmental Council makes its decision in the same way as for registration. The provisions of articles R. 4113-28 and R. 4113-30 are applicable. Its decision may be appealed to the Regional Council under the conditions laid down in article L. 4112-4.

An original or a copy of the deed amending the Articles of Association is filed with the secretariat of the court registry by one of the managers and placed in the company file. Until this formality has been completed, the amendment to the Articles of Association may not be relied upon by third parties. Any interested party may, at his own expense, obtain from the secretary-registrar an extract of the…