Document:

abmd-ex107_223.htm

 

Exhibit 10.7

 

	
Name:
	
[●]

	
Number of Shares of Stock Subject to Stock Option:
	
[●]

	
Exercise Price Per Share:
	
$[●]

	
Date of Grant:
	
[●]

 

ABIOMED, Inc.

2015 Omnibus Incentive Plan

Non-statutory Stock Option Agreement (Non-Employee Director)

This agreement (this “Agreement”) evidences the grant of a stock option by ABIOMED, Inc. (the “Company”) to the individual named above (the “Optionee”) pursuant to and subject to the terms of the ABIOMED, Inc. 2015 Omnibus Incentive Plan (as amended from time to time, the “Plan”), which is incorporated herein by reference.

1. Grant of Stock Option.  On the date of grant set forth above (the “Date of Grant”) the Company granted to the Optionee an option (the “Stock Option”) to purchase, on the terms provided herein and in the Plan, up to the number of shares of Stock set forth above (each, a “Share,” and collectively, the “Shares”) at the exercise price per Share set forth above, in each case, subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof.

The Stock Option evidenced by this Agreement is a non-statutory option (that is, an option that is not to be treated as a stock option described in subsection (b) of Section 422 of the Code).  The Optionee is a member of the Board. 

2. Meaning of Certain Terms.  Each initially capitalized term used but not separately defined herein has the meaning assigned to such term in the Plan. 

3. Vesting; Method of Exercise.  

	
 
	
(a)
	
[Vesting Terms].

	
 
	
(b)
	
No portion of the Stock Option may be exercised until it vests.  Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and shall be in a form acceptable to the Administrator signed by the Optionee (or legally appointed representative, in the event of the Optionee’s disability) or the person or persons to whom the Stock Option is transferred by will or the applicable laws of descent and distribution.  Each such election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full as provided in the Plan.  The exercise price may be paid by cash or check acceptable to the Administrator or by such other means provided for in the Plan, to the extent permitted by the Administrator.  In the event that the Stock Option is exercised by a person other than the Optionee, the Company will be under no obligation to deliver Shares hereunder unless and until it is satisfied as to the authority of such individual to exercise the Stock Option and compliance with applicable securities laws.  The latest date on which the Stock Option or any portion thereof may be exercised will be the 10th anniversary of the Date of Grant (the “Final Exercise Date”).  Any portion of the Stock Option that remains outstanding and has not been exercised by the Final Exercise Date will thereupon immediately terminate.  Upon any earlier termination of Employment, the provisions of Section 6(a)(4) of the Plan shall apply.

4. Forfeiture; Recovery of Compensation.  By accepting the Stock Option the Optionee expressly acknowledges and agrees that his or her rights, and those of any permitted transferee, under the Stock Option or to any Stock acquired under the Stock Option or proceeds from the disposition thereof, are subject to Section 6(a)(5) of the Plan (including any successor provision).  Nothing in the preceding sentence shall be construed as limiting the general application of Section 8 of this Agreement.

5. Transfer of Stock Option. The Stock Option may not be transferred except at death in accordance with Section 6(a)(3) of the Plan.

6. Certain Tax Matters.  The Optionee expressly acknowledges and agrees that he or shall be responsible for satisfying and paying all taxes arising from or due in connection with the Stock Option, the exercise of the Stock Option, and/or the acquisition of any Stock hereunder.  The Company shall have no liability or obligation relating to the foregoing.

7. Form S-8 Prospectus.  The Optionee acknowledges that he or she has received and reviewed a copy of the prospectus required by Part I of Form S-8 relating to shares of Stock that may be issued pursuant to the exercise of the Stock Option under the Plan.  

 

 

8. Acknowledgments.  By accepting the Stock Option, the Optionee agrees to be bound by, and agrees that the Stock Option is subject in all respects to, the terms of the Plan.  In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control.  The Optionee further acknowledges and agrees that (a) the signature to this Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder and (b) such electronic signature will be binding against the Company and will create a legally binding agreement when this Agreement is countersigned by the Optionee.

[The remainder of this page is intentionally left blank]

 

 

 

-2-

 

Executed as of the ___ day of [●], [●].

 

	
Company:
	
ABIOMED, INC.

	
 
	
 
	
 

	
 
	
By:
	
 

	
 
	
Name:
	
 

	
 
	
Title:
	
 

	
 
	
 
	
 

	
Optionee:
	
 
	
 

	
 
	
Name:
	
 

	
 
	
 
	
 

	
 
	
Address:
	
 

 

 

[Signature Page to Non-Statutory Option Agreement]EX-4.5

 Exhibit 4.5 

« ArcelorMittal » 

société anonyme 

Luxembourg 
 R.C.S.
Luxembourg, section B numéro 82454 
 ********************************************************* 

STATUTS COORDONNES à la date du 20 janvier 2016 

********************************************************* 

  
 PAGE 1 

 Article 1. Form - Corporate name 

The Company’s legal name is ArcelorMittal and it is a public limited company (“société
anonyme”). 
 Article 2. Duration 

The Company is established for an unlimited period. It may be dissolved at any time by decision of the general meeting of
shareholders taken in the same manner as for a change in the articles of association in accordance with article 19 below. 

Article 3. Corporate purpose 

The corporate purpose of the Company shall be the manufacture, processing and marketing of steel, steel products and all other
metallurgical products, as well as all products and materials used in their manufacture, their processing and their marketing, and all industrial and commercial activities connected directly or indirectly with those objects, including mining and
research activities and the creation, acquisition, holding, exploitation and sale of patents, licences, know-how and, more generally, intellectual and industrial property rights. 

The Company may realise that corporate purpose either directly or through the creation of companies, the acquisition, holding
or acquisition of interests in any companies or partnerships, membership in any associations, consortia and joint ventures. 

In general, the Company’s corporate purpose comprises the participation, in any form whatsoever, in companies and
partnerships, and the acquisition by purchase, subscription or in any other manner as well as the transfer by sale, exchange or in any other manner of shares, bonds, debt securities, warrants and other securities and instruments of any kind. 

It may grant assistance to any affiliated company and take any measure for the control and supervision of such companies. 

It may carry out any commercial, financial or industrial operation or transaction which it considers to be directly or
indirectly necessary or useful in order to achieve or further its corporate purpose. 
 Article 4. Registered office

 The Company’s registered office and principal office shall be established in Luxembourg City. The registered
office may be transferred within the municipality of Luxembourg City by simple decision of the board of directors. Branches or offices both in the Grand Duchy of Luxembourg and abroad may be set up by simple decision of the board of directors. 

In the event that the board of directors determines that extraordinary political, economic or societal events have occurred or
are imminent that may hinder the ordinary course activities of the Company at the registered office or the ease of communication either with that office or from that office to places abroad, it may temporarily transfer the registered office to a
location abroad until the complete cessation of the abnormal circumstances; provided, however, that such temporary transfer shall have no effect on the nationality of the Company, which, despite the temporary transfer of its registered office, shall
remain a Luxembourg company. 

  
 PAGE 2 

 Article 5. Capital - Increase in capital 

5.1. The issued share capital amounts to seven billion four hundred fifty three million four hundred forty-one thousand
six Euro and ninety eight cents (EUR 7,453,441,006.98). It is represented by one billion eight hundred three million three hundred fifty-nine thousand three hundred thirty-eight (1,803,359,338) shares fully paid up without nominal value. 

5.2. The Company’s authorised share capital, including the issued share capital, shall amount to eight billion two
hundred forty-nine million forty-nine thousand three hundred and sixteen euros and thirty eight cents (EUR 8,249,049,316.38) represented by one billion nine hundred and ninety-five million five hundred and ninety-five
thousand two hundred and thirteen (1,995,857,213) ordinary shares without nominal value. 
 5.3. The issued
capital and the authorised capital of the Company may be increased or decreased by resolution of the general meeting of shareholders adopted in the forms and in accordance with the conditions laid down for amending the articles of association under
article 19 of the present articles of association. 
 5.4. Subject to the provisions of the law on commercial
companies (hereinafter referred to as “the Law”), each shareholder shall have a preferential right of subscription in the event of the issue of new shares in return for contributions in cash. Such preferential right of subscription
shall be proportional to the fraction of the capital represented by the shares held by each shareholder. 
 The preferential
subscription right may be limited or cancelled by a resolution of the general meeting of shareholders adopted in accordance with article 19 of the present articles of association. 

The preferential subscription right may also be limited or cancelled by the board of directors (i) in the event that the
general meeting of shareholders delegates, under the conditions laid down in article 19 of the present articles of association and by amending the present articles of association, to the board of directors the power to issue shares and to limit or
cancel the preferential subscription right for a period of no more than five years set by the general meeting, as well as (ii) pursuant to the authorization conferred by article 5.5 of the present articles of association. 

5.5. The board of directors is authorised, during a period starting on the day after this General Meeting of
shareholders and ending on the fifth anniversary of the date of publication in the Luxembourg official gazette (Mémorial C) of the minutes of the General Meeting held on 8th May
2013, without prejudice to any renewals, to increase the issued share capital on one or more occasions within the limits of the authorised share capital. 

  
 PAGE 3 

 The board of directors is authorised to determine the conditions of any capital
increase including through contributions in cash or in kind, by the incorporation of reserves, issue premiums or retained earnings, with or without the issue of new shares, or following the issue and the exercise of subordinated or non-subordinated
bonds, convertible into or repayable by or exchangeable for shares (whether provided in the terms at issue or subsequently provided), or following the issue of bonds with warrants or other rights to subscribe for shares attached, or through the
issue of stand-alone warrants or any other instrument carrying an entitlement to, or the right to subscribe for, shares. 

The board of directors is authorised to set the subscription price, with or without issue premium, the date from which the
shares or other financial instruments will carry beneficial rights and, if applicable, the duration, amortisation, other rights (including early repayment), interest rates, conversion rates and exchange rates of the aforesaid financial instruments
as well as all the other conditions and terms of such financial instruments including as to their subscription, issue and payment, for which the board of directors may make use of Article 32-1 paragraph 3 of the Law. 

The board of directors is authorised to limit or cancel the preferential subscription rights of existing shareholders. 

Decisions of the board of directors relating to the issue, pursuant to the authorisation conferred by this article 5.5, of any
financial instruments carrying or potentially carrying a right to equity shall, by way of derogation from article 9 of the present articles of association, be taken by a majority of two-thirds of the members present or represented. 

When the board of directors has implemented a complete or partial increase in capital as authorised by the foregoing
provisions, article 5 of the present articles of association shall be amended to reflect that increase. 
 The board of
directors is expressly authorised to delegate to any natural or legal person to organise the market in subscription rights, accept subscriptions, conversions or exchanges, receive payment for the price of shares, bonds, subscription rights or other
financial instruments, to have registered increases of capital carried out as well as the corresponding amendments to article 5 of the present articles of association and to have recorded in said article 5 of the present articles of association the
amount by which the authorisation to increase the capital has actually been used and, where appropriate, the amounts of any such increase that are reserved for financial instruments which may carry an entitlement to shares. 

5.6. The non-subscribed portion of the authorised capital may be drawn on by the exercise of conversion or subscription
rights already conferred by the Company. 

  
 PAGE 4 

 Article 6. Shares 

6.1. Shares shall be issued solely in the form of registered shares. 

6.2. Subject to article 6.3., the Company shall consider the person in whose name the shares are recorded in the
register of shareholders to be the owner of those shares. 
 6.3. However, where shares are recorded in the register
of shareholders on behalf of one or more persons in the name of a securities settlement system or the operator of such a system or in the name of a professional depositary of securities or any other depositary (such systems, professionals or other
depositaries being referred to hereinafter as “Depositaries”) or of a sub-depositary designated by one or more Depositaries, the Company - subject to its having received from the Depositary with whom those shares are kept in account
a confirmation in proper form - will permit those persons to exercise the rights attaching to those shares, including admission to and voting at general meetings and shall consider those persons to be the owners of the shares for the purpose of
article 7 of the present articles of association. The board of directors may determine the requirements with which such confirmations must comply. 

Notwithstanding the foregoing, the Company shall make payments, by way of dividends or otherwise, in cash, shares or other
assets only into the hands of the Depositary or sub-depositary recorded in the register or in accordance with the Depositary or sub-depositary’s instructions, and that payment shall release the Company from any and all obligations for such
payment. 
 6.4. Confirmations that an entry has been made in the register of shareholders will be provided to
shareholders directly recorded in the register of shareholders or, in case of Depositaries or sub-depositaries recorded in the register, upon their request. Except for transfers in accordance with the rules and regulations of the relevant
Depositary, the transfer of shares shall be made by a written declaration of transfer inscribed in the register of shareholders and dated and signed by the transferor and the transferee or by their duly-appointed agents. The Company may accept any
other document, instrument, writing or correspondence as sufficient proof of the transfer. 
 6.5. Within the limits
and conditions laid down by the Law, the Company may repurchase its own shares or cause them to be repurchased by its subsidiaries. 

6.6. The shares of the Company are indivisible vis-à-vis the Company– and the Company shall recognise only
one legal owner per share. Owners per indivisum must be represented vis-à-vis the Company by a single person in order to be able to exercise their rights. 

  
 PAGE 5 

 Article 7. Rights and obligations of shareholders 

7.1. The provisions of articles 8 to 15 inclusive of the law of 11 January 2008 on transparency requirements on
issuers of securities (the “Transparency Law”) and the implementing provisions under the related Grand Ducal and CSSF regulations (as the same may be amended, supplemented or replaced (together with the Transparency Law, the
“Securities Regulations”)) and the sanction of suspension of voting rights set out therein shall also apply (a) to any acquisition or disposal of shares resulting in a shareholding reaching, increasing above or decreasing below
a threshold of two and one-half per cent (2.5%) of voting rights in the Company, (b) to any acquisition or disposal of shares resulting in a shareholding reaching, increasing above or decreasing below a threshold of three per cent
(3%) of voting rights in the Company and (c), over and above three per cent (3%) of voting rights in the Company, to any acquisition or disposal of shares resulting in successive thresholds of one per cent (1%) of voting rights in the
Company being reached or crossed (either through an increase or a decrease). Any reference in this article 7 to an acquisition, disposal or holding of shares shall be deemed to include a reference to the acquisition, disposal or holding of the
financial instruments referred to by the Securities Regulations, and the voting rights attaching to shares held or controlled by a person shall be aggregated with the voting rights attaching to the shares underlying such financial instruments held
by such person. 
 7.2 Any person who, taking into account articles 9 and 11(4) and (5) of the Transparency Law
acquires shares resulting in possession of five per cent (5%) or more or a multiple of five percent (5%) or more of the voting rights in the Company must on pain of the suspension of voting rights pursuant to article 28 of the Transparency
Law inform the Company, within ten (10) Luxembourg Stock Exchange trading days following the date such threshold is reached or crossed by registered mail with return receipt requested, of such person’s intention (a) to acquire or
dispose of shares in the Company within the next twelve (12) months, (b) to seek to obtain control over the Company or (c) to seek to appoint a member to the Company’s board of directors. 

7.3 Any person under an obligation to notify the Company of the acquisition of shares conferring on that person, having
regard to articles 9 and 11(4) and (5) of the Transparency Law, one quarter (25%) or more of the total voting rights in the Company, shall be obliged to make, or cause to be made, in each country where the Company’s securities are
admitted to trading on a regulated or other market and in each of the countries in which the Company has made a public offering of its shares, an unconditional public offer to acquire for cash all outstanding shares and securities giving access to
shares, linked to the share capital or whose rights are dependent on the profits of the Company (hereafter, collectively, “securities linked to capital”), whether those securities were issued by the Company or by entities controlled
or established by it or members of its group. Each of these public offers must be conducted in conformity and compliance with the legal and regulatory requirements applicable to public offers in each State concerned. 

  
 PAGE 6 

 In any case, the price must be fair and equitable and, in order to guarantee
equality of treatment of shareholders and holders of securities linked to capital of the Company, the said public offers must be made at or on the basis of an identical price, which must be justified by a report drawn up by a first rank financial
institution nominated by the Company whose fees and costs must be advanced by the person subject to the obligation laid down in the first paragraph of this article 7.3. 

This obligation to make an unconditional cash offer shall not apply if the acquisition of the Company’s shares by the
person making such notification has received the prior assent of the Company’s shareholders in the form of a resolution adopted in conformity with article 19 of the present articles of association at a general meeting of shareholders, including
in particular in the event of a merger or a contribution in kind paid for by a share issue. 
 7.4. If the public
offer as described in article 7.3 of the present articles of association has not been made within a period of two (2) months of notification to the Company of the increase in the holding giving entitlement to the percentage of voting rights
referred to in paragraph 1 of article 7.3 of the present articles of association or of notification by the Company to the shareholder that such increase has taken place, or if the Company is informed that a competent authority in one of the
countries in which the securities of the Company are admitted to trading (or in one of the countries in which the Company has made a public offering of its shares) has determined that the public offer was made contrary to the legal or regulatory
requirements governing public offers applicable in that country, as from the expiry of the aforementioned period of two (2) months or from the date on which the Company received that information, the right to attend and vote at general meetings
of shareholders and the right to receive dividends or other distributions shall be suspended in respect of the shares corresponding to the percentage of the shares held by the shareholder in question exceeding the threshold set in paragraph 1 of
article 7.3 of the present articles of association as from which a public offer has to be made. 
 A shareholder who has
exceeded the threshold set by paragraph 1 of article 7.3 of the present articles of association and requires a general meeting of shareholders to be called pursuant to article 70 of the Law, must, in order to be able to vote at that meeting, have
made a definitive and irrevocable public offer as described in article 7.3 of the present articles of association before that meeting is held. Failing this, the right to vote attaching to the shares exceeding the threshold set by paragraph 1 of
article 7.3 of the present articles of association shall be suspended. 
 If, at the date on which the annual general
meeting is held, a shareholder exceeds the threshold set by paragraph 1 of article 7.3 of the present articles of association, his or her voting rights shall be suspended to the extent of the percentage exceeding the said threshold except where the
shareholder in question undertakes in writing not to vote in respect of the shares exceeding the threshold or where the shareholder has definitively and irrevocably made the public offer required by article 7.3. of the present articles of
association. 

  
 PAGE 7 

 7.5. The provisions of article 7 shall not apply: 

(i) to the Company itself in respect of shares directly or indirectly held in treasury, 

(ii) to Depositories, acting as such, provided that said Depositories may only exercise the voting right attached to such
shares if they have received instructions from the owner of the shares, the provisions of this article 7 thereby applying to the owner of the shares, 

(iii) to any disposal and to any issue of shares by the Company in connection with a merger or a similar transaction or the
acquisition by the Company of any other company or activity, 
 (iv) to the acquisition of shares resulting from a public
offer for the acquisition of all the shares in the Company and all of the securities linked to capital, 
 (v) to the
acquisition or transfer of a participation remaining below ten per cent (10%) of total voting rights by a market maker acting in this capacity, provided that: 

a) it is approved by its home Member State by virtue of directive 2004/39/CE; and 

b) it neither interferes in the management of the Company nor exercises influence on the Company to acquire its shares or to
maintain their price. 
 7.6. Voting rights are calculated on the basis of the entirety of the shares to which voting
rights are attached even if the exercise of such voting rights is suspended. 
 Article 8. Board of directors

 8.1. The Company shall be administered by a board of directors composed of at least three (3) members
and of a maximum of eighteen (18) members; all of whom except the Chief Executive Officer (“administrateur-président de la direction générale”) shall be non-executive. None of the
members of the board of directors, except for the Chief Executive Officer of the Company (“administrateur-président de la direction générale”), shall have an executive position or executive
mandate with the Company or any entity controlled by the Company. 
 At least one-half of the board of directors shall be
composed of independent members. A member of the board of directors shall be considered as “independent”, if (i) he or she is independent within the meaning of the Listed Company Manual of the New York Stock Exchange (the
“Listed Company Manual”), as it may be amended, or any successor provision, subject to the exemptions available for foreign private issuers, and if (ii) he or she is unaffiliated with any shareholder owning or controlling more
than two percent (2%) of the total issued share capital of the Company (for the purposes of this article, a person is deemed affiliated to a shareholder if he or she is an executive officer, or a director who is also employed by the
shareholder, a general partner, a managing member, or a controlling shareholder of such shareholder). 

  
 PAGE 8 

 8.2. The members of the board of directors do not have to be shareholders
in the Company. 
 8.3. The members of the board of directors shall be elected by the shareholders at the annual
general meeting or at any other general meeting of shareholders for a period terminating on the date to be determined at the time of their appointment and, with respect to appointments which occur after the 13th November 2007 (except in the event of the replacement of a member of the board of directors during his or her mandate) at the third annual general meeting following the date of their
appointment. 
 8.4. At any general meeting of shareholders held after
1st August 2009, the Mittal Shareholder (as defined below) may, at its discretion, decide to exercise the right of proportional representation provided in the present article and nominate
candidates for appointment as members of the board of directors (the “Mittal Shareholder Nominees”) as follows. Upon any exercise by the Mittal Shareholder of the right of proportional representation provided by this article, the
general meeting of shareholders shall elect, among the Mittal Shareholder Nominees, a number of members of the board of directors determined by the Mittal Shareholder, such that the number of members of the board of directors so elected among the
Mittal Shareholder Nominees, in addition to the number of members of the board of directors in office who were elected in the past among the Mittal Shareholder Nominees, shall not exceed the Proportional Representation. For the purposes of this
article, the “Proportional Representation” shall mean the product of the total number of members of the board of directors after the proposed election(s) and the percentage of the total issued and outstanding share capital of the
Company owned, directly or indirectly, by the Mittal Shareholder on the date of the general meeting of shareholders concerned, with such product rounded to the closest integral. When exercising the right of Proportional Representation granted to it
pursuant to this article, the Mittal Shareholder shall specify the number of members of the board of directors that the general meeting of shareholders shall elect from among the Mittal Shareholder Nominees, as well as the identity of the Mittal
Shareholder Nominees. For purposes of this article the “Mittal Shareholder” shall mean collectively Mr. Lakshmi N. Mittal or Mrs. Usha Mittal or any of their heirs or successors acting directly or indirectly through
Mittal Investments S.à r.l., ISPAT International Investments S.L. or any other entity controlled, directly or indirectly, by either of them. The provisions of this article shall not in any way limit the rights that the Mittal Shareholder may
additionally have to nominate and vote in favour of the election of any director in accordance with its general rights as a shareholder. 

8.5. A member of the board of directors may be dismissed with or without cause and may be replaced at any time by the
general meeting of shareholders in accordance with the aforementioned provisions relating to the composition of the board of directors. 

  
 PAGE 9 

 In the event that a vacancy arises on the board of directors following a
member’s death or resignation or for any other reason, the remaining members of the board of directors may, by a simple majority of the votes validly cast, elect a member of the board of directors so as temporarily to fulfil the duties
attaching to the vacant post until the next general meeting of shareholders in accordance with the aforementioned provisions relating to the composition of the board of directors. 

8.6. Except for a meeting of the board of directors convened to elect a member to fill a vacancy as provided in the
second paragraph of article 8.5, or to convene a general meeting of shareholders to deliberate over the election of Mittal Shareholder Nominees, and except in the event of a grave and imminent danger requiring an urgent board of directors’
decision, which shall be approved by the directors elected from among the Mittal Shareholder Nominees, the board of directors of the Company will not be deemed to be validly constituted and will not be authorized to meet until the general meeting of
shareholders has elected from among the Mittal Shareholder Nominees the number of members of the board of directors required under article 8.4. 

8.7. In addition to the directors’ fees determined in accordance with article 17 below, the general meeting may
grant members of the board of directors a fixed amount of compensation and attendance fees, and upon the proposal of the board of directors, allow the reimbursement of the expenses incurred by members of the board of directors in order to attend the
meetings, to be imputed to the charges. 
 The board of directors shall in addition be authorised to compensate members of
the board of directors for specific missions or functions. 
 8.8. The Company will indemnify, to the broadest extent
permitted by Luxembourg law, any member of the board of directors or member of the management board, as well as any former member of the board of directors or member of the management board, for any costs, fees and expenses reasonably incurred by
him or her in the defence or resolution (including a settlement) of any legal actions or proceedings, whether they be civil, criminal or administrative, to which he or she may be made a party by virtue of his or her former or current role as member
of the board of directors or member of the management board of the Company. 
 Notwithstanding the foregoing, a former or
current member of the board of directors or member of the management board will not be indemnified if he or she is found guilty of gross negligence, fraud, fraudulent inducement, dishonesty or of the commission of a criminal offence or if it is
ultimately determined that he or she has not acted honestly and in good faith and with the reasonable belief that his or her actions were in the Company’s best interests. 

  
 PAGE 10 

 The aforementioned indemnification right shall not be forfeited in the case of a
settlement of any legal actions or proceedings, whether they be civil, criminal or administrative. 
 The provisions above
shall inure to the benefit of the heirs and successors of the former or current member of the board of directors or member of the management board without prejudice to any other indemnification rights that he or she may otherwise claim. 

Subject to any procedures that may be implemented by the board of directors in the future, the expenses for the preparation
and defence in any legal action or proceeding covered by this article 8.8 may be advanced by the Company, provided that the concerned former or current member of the board of directors or member of the management board delivers a written commitment
that all sums paid in advance will be reimbursed to the Company if it is ultimately determined that he or she is not entitled to indemnification under this article 8.8. 

Article 9. Procedures for meetings of the Board of Directors 

The board of directors shall choose from amongst its members a chairman of the board of directors (the “Chairman of
the board of directors”) (Président du conseil d’administration) and, if considered appropriate, a president (the “President”) (Président) and one or several vice-chairmen and shall
determine the period of their office, not exceeding their appointment as director. 
 The board of directors shall meet,
when convened by the Chairman of the board of directors or the President, or a vice-chairman, or two (2) members of the board of directors, at the place indicated in the notice of meeting. 

The meetings of the board of directors shall be chaired by the Chairman of the board of directors or the President or, in
their absence, by a vice-chairman. In the absence of the Chairman of the board of directors, of the President, and of the vice-chairmen, the board of directors shall appoint by a majority vote a chairman pro tempore for the meeting in question. 

A written notice of meeting shall be sent to all members of the board of directors for every meeting of the board of directors
at least five (5) days before the date scheduled for the meeting, except in case of urgency, in which case the nature of the emergency shall be specified in the notice of meeting. Notice of meeting shall be given by letter or by fax or by
electronic mail or by any other means of communication guaranteeing the authenticity of the document and the identification of the person who is the author of the document. Notice of meeting may be waived by the consent of each member of the board
of directors given in the same manner as that required for a notice of meeting. A special notice of meeting shall not be required for meetings of the board of directors held on the dates and at the times and places determined in a resolution adopted
beforehand by the board of directors. 

  
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 For any meeting of the board of directors, each member of the board of directors
may designate another member of the board of directors to represent him and vote in his or her name and place, provided that a given member of the board of directors may not represent more than one of his or her colleagues. The representative shall
be designated in the same manner as is required for notices of meeting. The mandate shall be valid for one meeting only and, where appropriate, for every further meeting as far as there is the same agenda. 

The board of directors may deliberate and act validly only if the majority of the members of the board of directors are
present or represented. Decisions shall be taken by a simple majority of the votes validly cast by the members of the board of directors present or represented. None of the members of the board of directors, including the Chairman of the board of
directors, the President and vice-chairmen, has a casting vote. 
 A member of the board of directors may take part in and
be regarded as being present at a meeting of the board of directors by telephone conference or by any other means of telecommunication which enable all the persons taking part in the meeting to hear each other and speak to each other. 

If all the members of the board of directors agree as to the decisions to be taken, the decisions in question may also be
taken in writing without any need for the members of the board of directors to meet. To this end, the members of the board of directors may express their agreement in writing, including by fax or by any other means of communication guaranteeing the
authenticity of the document and the identification of the member of the board of directors who wrote the document. The consent may be given on separate documents which together constitute the minutes of such decisions. 

Article 10. Minutes of meetings of the board of directors 

The minutes of meetings of the board of directors shall be signed by the person who chaired the meeting and by those members
of the board of directors taking part in the meeting and who request to sign such minutes. 
 Copies or excerpts of minutes
intended for use in judicial proceedings or otherwise shall be signed by the Chairman of the board of directors or the President or a vice-chairman. 

Article 11. Powers of the board of directors 

11.1. The board of directors shall have the most extensive powers to administer and manage the Company. All powers not
expressly reserved to the general meeting by the Law or the present articles of association shall be within the competence of the board of directors. 

11.2. The board of directors may decide to set up committees to consider matters submitted to them by the board of
directors, including an audit committee and an appointments, remuneration and corporate governance committee. The audit committee shall be composed solely of independent members of the board of directors, as defined in article 8.1. 

  
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 11.3. The board of directors may delegate the day-to-day management of the
Company’s business and the power to represent the Company with respect thereto to one or more executive officers (directeurs généraux), executives (directeurs) or other agents, who may together constitute a
management board (direction générale) deliberating in conformity with rules determined by the board of directors. The board of directors may also delegate special powers to any person and confer special mandates on any person.

 Article 12. Authorised signatures 

The Company shall be bound by the joint or individual signature of all persons to whom such power of signature shall have been
delegated by the board of directors. 
 Article 13. Shareholders’ meetings – General 

13.1 Any duly constituted general meeting of the Company’s shareholders shall represent all the shareholders in
the Company. It shall have the widest powers to order, implement or ratify all acts connected with the Company’s operations. 

13.2. General meetings shall be convened at least 30 days before the meeting date. If the general meeting is reconvened
for lack of quorum, the convening notice for the reconvened meeting shall be published at least 17 days before the meeting date. 

13.3 The record date for general meetings shall be the 14th day at
midnight (24:00 hours) (Luxembourg time) before the date of the general meeting (the “Record Date”). Shareholders shall notify the Company of their intention to participate in the general meeting in writing by post or electronic
means at the postal or electronic address indicated in the convening notice, no later than the day determined by the board of directors, which may not be earlier than the Record Date, indicated in the convening notice. 

13.4 The documents required to be submitted to the shareholders in connection with a general meeting shall be posted on
the Company’s corporate website from the date of first publication of the general meeting convening notice in accordance with Luxembourg law. 

13.5 General meetings of shareholders shall be chaired by the Chairman of the board of directors or the President or,
in their absence, by a vice-chairman. In the absence of the Chairman of the board of directors, of the President and of the vice-chairmen, the general meeting of shareholders shall be presided over by the most senior member of the board of directors
present. 
 13.6 Each share shall be entitled to one vote. Each shareholder may have himself represented at any
general meeting of shareholders by giving a proxy in writing and notifying such appointment by post or by electronic means at the postal or electronic address indicated in the convening notice. 

13.7 Except where law or the articles of association provide otherwise, resolutions shall be adopted at general
meetings by a simple majority of the votes validly cast by the shareholders present or represented. 

  
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 13.8 When organising a general meeting, the board of directors may in its
sole discretion decide to set up arrangements allowing shareholders to participate by electronic means in a general meeting by way inter alia of the following forms of participation: (i) real time transmission of the general meeting;
(ii) real time two-way communication enabling shareholders to address the general meeting from a remote location; or (iii) a mechanism for casting votes, whether before or during the general meeting, without the need to appoint a
proxyholder physically present at the meeting. 
 The board of directors may also determine that shareholders may vote from
a remote location by correspondence, by means of a form provided by the Company including the following information: 
  

	 	•	 	 the name, address and any other pertinent information concerning the shareholder, 

 

	 	•	 	 the number of votes the shareholder wishes to cast, the direction of his or her vote, or his or her abstention, 

 

	 	•	 	 the agenda of the meeting including the draft resolutions, 

 

	 	•	 	 at the discretion of the Company, the option to vote by proxy for any new resolution or any modification of the resolutions that may be proposed
during the meeting or announced by the Company after the shareholder’s submission of the form provided by the Company, 

  

	 	•	 	 the period within which the form and the confirmation referred to below must be received by or on behalf of the Company, and 

 

	 	•	 	 the signature of the shareholder. 

A shareholder using a voting form and who is not directly recorded in the register of shareholders must annex to the voting
form a confirmation of his shareholding as of the Record Date as provided by article 6.3. Once the voting forms are submitted to the Company, they can neither be retrieved nor cancelled, except that in case a shareholder has included a proxy to vote
in the circumstances envisaged in the fourth indent above, the shareholder may cancel such proxy or give new voting instructions with regard to the relevant items by written notice as described in the convening notice, before the date specified in
the voting form. 
 13.9 Any shareholder who participates in a general meeting of the Company by the foregoing means
shall be deemed to be present, shall be counted when determining a quorum and shall be entitled to vote on all agenda items of the general meeting. 

13.10 The board of directors may adopt any regulations and rules concerning the participation of shareholders at
general meetings in accordance with Luxembourg law including with respect to ensuring the identification of shareholders and proxyholders and the safety of electronic communications. 

  
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 13.11 In the event that all the shareholders are present or represented at
a general meeting of shareholders and declare that they have been informed of the agenda of the general meeting, the general meeting may be held without prior notice of meeting or publication. 

Article 14. Annual general meeting of shareholders 

14.1 The annual general meeting of shareholders shall be held in accordance with Luxembourg law at the Company’s
registered office or at any other place in the Grand-Duchy of Luxembourg, during the second or third week of May each year, between 09.00 and 16.00 hours as finally determined by the board of directors and indicated in the convening notice. 

14.2 Following the approval of the annual accounts and consolidated accounts, the general meeting shall decide by
special vote on the discharge of the liability of the members of the board of directors. 
 14.3 General meetings of
shareholders other than the annual general meeting may be held on the dates, at the time and at the place indicated in the notice of meeting. 

Article 15. Independent Auditors 

The annual accounts and consolidated accounts shall be audited, and the consistency of the management report with those
accounts verified, by one or more independent auditors (“réviseurs d’entreprises”) appointed by the general meeting of shareholders for a period not exceeding three (3) years. 

The independent auditor(s) may be re-elected. 

They shall record the result of their audit in the reports required by law. 

Article 16. Financial year 

The Company’s financial year shall commence on 1 January each year and end on 31 December the same year. 

Article 17. Allocation of profits 

Five per cent (5%) of the Company’s net annual profits shall be allocated to the reserve required by the Law. This
allocation shall cease to be mandatory when that reserve reaches ten per cent (10%) of the subscribed capital. It shall become mandatory once again when the reserve falls below that percentage. 

The remainder of the net profit shall be allocated as follows by the general meeting of shareholders upon the proposal of the
board of directors: 
  

	 	•	 	 a global amount shall be allocated to the board of directors by way of directors’ fees (“tantièmes”). This amount may
not be less than one million Euro (EUR 1,000,000). In the event that the profits are insufficient, the amount of one million Euro shall be imputed in whole or in part to the charges. The distribution of this amount as amongst the members of the
board of directors shall be effected in accordance with the board of directors’ rules of procedure; 

  

	 	•	 	 the balance shall be distributed as dividends to the shareholders or placed in the reserves or carried forward. 

  
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 Where, upon the conversion of convertible or exchangeable securities into shares
in the Company, the Company proceeds to issue new shares or to attribute shares of its own, those shares shall not take part in the distribution of dividends for the financial year preceding the conversion or exchange, unless the issue conditions of
the convertible or exchangeable securities provide otherwise. 
 Interim dividends may be distributed under the conditions
laid down by the Law by decision of the board of directors. 
 No interest shall be paid on dividends declared but not paid
which are held by the Company on behalf of shareholders. 
 Article 18. Dissolution and liquidation 

In the event of a dissolution of the Company, liquidation shall be carried out by one or more liquidators, who may be natural
or legal persons, appointed by the general meeting of shareholders, which shall determine their powers and remuneration. 

Article 19. Amendment of the articles of association 

The present articles of association may be amended from time to time as considered appropriate by a general meeting of
shareholders subject to the requirements as to quorum and voting laid down by the Law. 
 By exception to the preceding
paragraph, articles 8.1, 8.4, 8.5, 8.6 and 11.2 as well as the provision of this article 19 may only be amended by a general meeting of shareholders disposing of a majority of votes representing two-thirds of the voting rights attached to the shares
in the Company. 
 Article 20. Applicable law and jurisdiction 

For all matters not governed by the present articles of association, the parties refer to the provisions of the Law. 

All disputes which may arise during the duration of the Company or upon its liquidation between shareholders, between
shareholders and the Company, between shareholders and members of the board of directors or liquidators, between members of the board of directors and liquidators, between members of the board of directors or between liquidators of the Company on
account of company matters shall be subject to the jurisdiction of the competent courts of the registered office. To this end, any shareholder, member of the board of directors or liquidator shall be bound to have an address for service in the
district of the court for the registered office and all summonses or service shall be duly made to that address for service, regardless of their actual domicile; if no address for service is given, summonses or service shall be validly made at the
Company’s registered office. 
 The foregoing provisions do not affect the Company’s right to bring proceedings
against the shareholders, members of the board of directors or liquidators of the Company in any other court having jurisdiction on some other ground and to carry out any summonses or service by other means apt to enable the defendant to defend
itself. 

  
 PAGE 16

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