Common use of Rights and obligations attached to shares Clause in Contracts

Rights and obligations attached to shares. 1. Each share gives the right to a share in the assets and profits of the Company and in the liquidation surplus attributable to shareholders under these Articles of Association in proportion to the amount of capital it represents. The shareholders' liability for the Company's debts is limited to the amount of their contributions, namely, to the value of the shares they own. 2. Each share gives the right to take part in and vote at shareholders' meetings under the conditions and subject to the exceptions provided for by the applicable laws and regulations and by these Articles of Association. 3. Any person owning one or more shares is bound by these Articles of Association and by the decisions taken by General Meetings. Whenever several shares are required to be held for the purpose of exercising a right, shareholders are personally responsible for obtaining the required number of shares, with no right to take action against the Company in this respect. Each share is indivisible with regards to the Company. Consequently, joint owners of shares must be represented vis-à-vis the Company by one or other of said owners. Each of the shares gives the right to receive the same net amount in the event of distribution or repayment. Consequently, all the shares are equally subject to any tax exemptions and any taxes payable by the Company to which such distribution or repayment may give rise. ARTICLE 9 A - Disclosure of holdings exceeding specific thresholds