SECTION 503

The Managing Director shall inform the auditor of the said agreements within a period of one month following the conclusion thereof and, in any case, no later than fifteen days before the date of the annual ordinary general meeting of shareholders. The auditor shall submit a report on these agreements to the ordinary general meeting of shareholders. The report shall contain the number of agreements submitted for the approval of the meeting, state the type of agreements, mention the products or services that are the subject of the agreements, their essential terms, in particular an indication of the prices and rates imposed, rebates or commissions granted, securities given and, where appropriate, all other information that would enable the shareholders to evaluate the interest in concluding the agreements.