Common use of Consultation Phase Clause in Contracts

Consultation Phase. The CF By-Laws shall also provide that, during the Trade Sale Procedure, the Dissolution Procedure and/or the Demerger Procedure, as the case may be (such period also the “Consultation Phase”) each of the CF Shareholders shall (a) be prohibited and not allowed to transfer its CF Shareholding other than in the context and for the limited purposes of the relevant procedures, and (b) consult with the other to find a common strategy to dispose of their respective Participations in Pirelli with a view to maximizing the proceeds of any such disposal, taking also into account the best entrepreneurial interest of CF and of Pirelli. In the event that the CF Shareholders reach an agreement on such disposal, the entire CF Shareholding and/or all the Pirelli Shares owned, also indirectly, by CF shall be disposed of according to such agreement, notwithstanding and in lieu of the relevant procedure currently in place, that shall be in such case, and where required, revoked.

Consultation Phase. The CF By-Laws shall also provide that, during the Trade Sale Procedure, the Dissolution Procedure and/or the Demerger Procedure, as the case may be (such period also the ““ Consultation PhasePhase ”) each of the CF Shareholders shall (a) be prohibited and not allowed to transfer its CF Shareholding other than in the context and for the limited purposes of the relevant procedures, and (b) consult with the other to find a common strategy to dispose of their respective Participations in Pirelli with a view to viewto maximizing the proceeds of any such disposal, taking also into account the best thebest entrepreneurial interest of CF and of Pirelli. In the event that the CF Shareholders reach an agreement on such disposal, the entire CF Shareholding and/or all the Pirelli Shares owned, also indirectly, by CF shall be disposed of according to such agreement, notwithstanding and in lieu of the relevant procedure currently in place, that shall be in such case, and where required, revoked.