Article 525 — Quorum and Majority in Ordinary General

1/ Members or a member representing more than one-half of the capital of the company shall be present for a decision to be taken at an ordinary meeting. 2/ Quorum shall be reckoned based on the amount of capital represented, and not by the number of shareholders; the meeting may adopt a resolution so long as it is called in compliance with the law and the required amount of capital is represented; In particular, the mere fact that some shareholders are not willing to attend a meeting shall not preclude the general meeting from discharging its responsibility. 3/ Decisions of an ordinary general meeting are taken by a simple majority of shares represented at the meeting. 4/ Where the quorum under Sub-Article (1) of this Article is not obtained in the first meeting, the members shall be called again by registered letters or other suitable electronic means; At a second meeting, decisions shall be taken by a simple majority of shares represented without regard to the amount of capital represented.