Article 690 — Bidding Procedure

1/ The supervisor in reorganization in collaboration with the debtor shall organize a data room to which all interested bidders shall have access. 2/ All interested bidders shall be required to sign non- disclosure agreements (NDAs) before gaining access to the data room. 3/ Every interested bidder shall submit a bid with the appropriate supporting documentation containing: a) the financial standing of the bidder; b) the source of financing of the take-over; c) the business plan; d) a list of the proposed assets for purchase; e) the purchase price; f) the categories and number of employees which the bidder will be willing to take over, subject to the mandatory labor laws; and g) the contracts that are necessary for continuation of the business as a going-concern to be assigned to the bidder.