Paragraph 2: Share capital and shares.

The following may be contributed to the company, either in ownership or in beneficial interest: 1° All intangible rights, and in particular the right for a partner to present the company as successor to his clientele or, if he is the successor of a deceased medical biology laboratory director, to the clientele of his predecessor; 2° In general, all movable property for professional use, in particular equipment, documents and archives;…

Shares may not be pledged as collateral. Their nominal value may not be less than 15. Shares representing contributions in kind are non-transferable and are cancelled if the holder loses his status as a partner for any reason whatsoever.

At least half the nominal value of shares representing cash contributions must be paid up at the time of subscription. The remainder is paid up in one or more instalments, either on the dates stipulated in the Articles of Association or by decision of the General Meeting. Within eight days of receipt, the funds from cash subscriptions are deposited, on behalf of the company, with the Caisse des Dépôts et…