Common use of CREATION OF A PLEDGE OVER SHARES OF THE COMPANY Clause in Contracts

CREATION OF A PLEDGE OVER SHARES OF THE COMPANY. 2.1 The Pledgor grants in pledge, jointly and on a pro-indiviso basis in favour of the Secured Creditors as security for the Secured Obligations (as defined in Article 3), the shares of the Company, described under Recital (O), i.e. 2,450,000 shares, with a nominal value equal to Euro 5.16 each and an aggregate nominal value equal to Euro 12,642,000.00, representing in the aggregate 100% of the Company share capital, represented by the share certificate No. 31. 2.2 The pledge created by this Agreement covers:

CREATION OF A PLEDGE OVER SHARES OF THE COMPANY. 2.1 The Pledgor grants in pledge, jointly and on a pro-indiviso basis in favour of the Secured Creditors as security for the Secured Obligations (as defined in Article 3), the shares of the Company, described under Recital (ON), i.e. 2,450,000 10,000,000 shares, with a nominal value equal to Euro 5.16 0.51 each and an aggregate nominal value equal to Euro 12,642,000.005,100,000.00, representing in the aggregate 100% of the Company share capital, represented by the share certificate No. 314. 2.2 The pledge created by this Agreement covers:

CREATION OF A PLEDGE OVER SHARES OF THE COMPANY. 2.1 The Pledgor grants in pledge, jointly and on a pro-indiviso basis in favour of the Secured Creditors as security for the Secured Obligations (as defined in Article 3), the shares of the Company, described under Recital (O), i.e. 2,450,000 1,000,000 shares, with a nominal value equal to Euro 5.16 15.00 each and an aggregate nominal value equal to Euro 12,642,000.0015,000,000.00, representing in the aggregate 100% of the Company share capital, represented by the share certificate No. 31. 2.2 The pledge created by this Agreement covers:

CREATION OF A PLEDGE OVER SHARES OF THE COMPANY. 2.1 The Pledgor grants in pledge, jointly and on a pro-indiviso basis in favour of the Secured Creditors as security for the Secured Obligations (as defined in Article 3), the shares of the Company, described under Recital (ON), i.e. 2,450,000 50,478,000 shares, with a nominal value equal to Euro 5.16 0.52 each and an aggregate nominal value equal to Euro 12,642,000.0026,248,560.00, representing in the aggregate 100% of the Company share capital, represented by the share certificate No. 31No.412. 2.2 The pledge created by this Agreement covers: