SECTION 822-8

From the date of the issue of securities giving access to capital, the company called to allot these securities shall neither change the rules of distribution of profits, nor amortize its capital nor create preferred shares leading to such a change or such depreciation, nor carry out a capital increase reserved to persons named in the provisions of article 586 above unless authorized to do so under the conditions set forth in article 822-14 hereinafter and subject to arrange for the necessary arrangements for the maintenance of the rights of holders of securities giving access to capital under the conditions stipulated in articles 822-10 et seq. hereinafter or by the issue agreement. Under these same conditions, it may issued preferred shares. Any decision taken in violation of this provision shall be null.