SECTION 7

The debtor shall, at the time of filing the documents provided for under Article 6 above or no later than thirty days following such filing, under penalty of inadmissibility of his petition, also file a proposal of a preventive composition agreement specifying the measures and conditions envisaged for the recovery of the company, particularly: - The modalities for continuing the operation of the company such as the application for time limits and debt remissions, partial transfer of assets specifying the property to be transferred; transfer or management lease of a branch of an activity which is part of the business; the transfer or management lease of the entire company. Such modalities shall not be restrictive or exclusive of each other; - The persons who will execute the composition agreement and all the engagements undertaken by them for the recovery of the company; - The modalities for maintaining and financing the company, and clearing the debts contracted prior to the decision provided for under Article 8 below and where necessary, the guarantees given to ensure the execution; such commitments and guarantees may consist, in particular, in subscribing to an increase of the registered capital of the company by old or new members, the allocation of credits by any bank or any financial institution, the continuation of the execution of contracts concluded prior to the petition and the providing of securities; - layoffs for economic reasons which shall be carried out under the conditions laid down by the of the labour law; - The replacement of managers.