SECTION 810

Where the general meeting of bondholders fails to approve the company’s proposals regarding its merger or division, the company may override this and the bondholders shall maintain their rights as bondholders in the acquiring company or in the new company created from the merger or in the companies created from the division, as the case may be. Where the company decides to override the failure of the said general assembly to give approval, the chairperson managing director, the general manager or the managing director, as the case may be, shall inform the representative of the bondholders’ group thereof by hand-delivered letter against a receipt or by registered letter with a request for acknowledgement of receipt. The group of bondholders may file an opposition to the merger or division with the president of the competent court. The said president may dismiss the action or order a refund of the bonds or that guarantees be provided if the acquiring company or the company being divided offers guarantees which are deemed sufficient.