Common use of Instructions for the exercise Clause in Contracts

Instructions for the exercise. of options and the immediate sale of shares The exercise of options is conditional on the execution of the sale on the stock market of the subscribed shares so that the Account Holder does not have to advance the amount of the exercise. In the event of a split selling order, the option exercise is divided up in proportion to the quantities sold. However, this procedure may only be envisaged where transfer of ownership of the shares subscribed or acquired in favour of the Account Holder is carried out no later than the same day as the sale of the shares. Payment of the exercise is made by offsetting the claim represented by the net proceeds of the sale after applying any expenses, taxes, and levies related to the exercise and trading (as defined in article 3.3 “Pricing) and, where applicable, if the sale is executed within the fiscal holding period, any French social security contributions due have been deducted. If an event not attributable to SGSS prevents the exercise of options without the sale on the stock market being able to be cancelled, in accordance with the applicable regulations, SGSS shall carry out the redemption of securities and the conclusion of the sale in place of the Account Holder. If the proceeds from the sale are less than the cost of the redemption of the securities, the Account Holder undertakes to compensate SGSS, upon presentation of supporting documentation, for all expenses, penalties, or damages that SGSS incurs as a result.

Instructions for the exercise. of options and the immediate sale disposal of shares The exercise of options is conditional on the execution of the sale on the stock market of the subscribed shares so that the Account Holder does not have to advance the amount of the exercise. In the event of a split selling order, the option exercise is divided up in proportion to the quantities sold. However, this procedure may only be envisaged where transfer of ownership of the shares subscribed or acquired in favour of the Account Holder is carried out no later than the same day as the sale of the shares. Payment of the exercise is made by offsetting the claim represented by the net proceeds of the sale after applying any expenses, taxes, taxes and levies related to the exercise and trading (as defined in article 3.3 “Pricing”) and, where applicable, if the sale is executed within the fiscal holding period, after any French social security contributions due have been deducted. If an event not attributable to SGSS prevents the exercise of options without the sale on the stock market being able to be cancelled, in accordance with the applicable regulations, SGSS shall carry out redeem the redemption of securities and the conclusion of conclude the sale in place of the Account Holder. If the proceeds from the sale are less than the cost of the redemption of the securities, the Account Holder undertakes to compensate SGSS, upon presentation of supporting documentation, for all expenses, penalties, penalties or damages that SGSS incurs as a result.

Instructions for the exercise. of options and the immediate sale disposal of shares The exercise of options is conditional on the execution of the sale on the stock market of the subscribed shares so that the Account Holder does not have to advance the amount of the exercise. In the event of a split selling order, the option exercise is divided up in proportion to the quantities sold. However, this procedure may only be envisaged where transfer of ownership of the shares subscribed or acquired in favour of the Account Holder is carried out no later than the same day as the sale of the shares. Payment of the exercise is made by offsetting the claim represented by the net proceeds of the sale after applying any expenses, taxes, and levies related to the exercise and trading (as defined in article 3.3 “Pricing”) and, where applicable, if the sale is executed within the fiscal holding period, any French social security contributions due have been deducted. If an event not attributable to SGSS prevents the exercise of options without the sale on the stock market being able to be cancelled, in accordance with the applicable regulations, SGSS shall carry out the redemption of securities and the conclusion of the sale in place of the Account Holder. If the proceeds from the sale are less than the cost of the redemption of the securities, the Account Holder undertakes to compensate SGSS, upon presentation of supporting documentation, for all expenses, penalties, or damages that SGSS incurs as a result.