Article 423 — Powers of Agents

Unless otherwise provided by the general meeting of debenture holders, agents of the debenture holders have the power to carry out the following in the common interest and name of the debenture holders: 1/ do all things necessary in particular accept and preserve securities guaranteeing the loan; 2/ represent the group of debenture holders in all legal proceedings; 3/ take part in shareholders` general meetings; 4/ be present at the drawing of debentures for redemption.