REGULATED AGREEMENTS. 18.1 The President must inform the statutory auditors of any agreements that are signed directly or through one or more intermediaries by the Company, GS Financière, Gras Savoye & Cie and Gras Savoye SA, on the one hand, and a 1A Shareholder, a 1B Shareholder, a 1C Shareholder, a 1D Shareholder or a Shareholder holding more than ten percents of the voting rights or, in the case of a Shareholder which is a company, the company which controls it within the meaning of article L. 233-3 of the French Commercial Code (Code de Commerce), or the President himself, on the other hand, within one month following the signature of such agreements. The statutory auditors shall present a report to the Shareholders concerning these agreements. The Shareholders shall take a decision on this report each year concurrently with the collective decisions in connection with the approval of the accounts.
REGULATED AGREEMENTS. 10.2.1 Save as set forth in Exhibit 10.2, the procedures relating to the regulated agreements falling within the scope of article L.225-38 et seq. of the French Commercial Code, if any, have been complied with, as regards the Group Companies and as regards each regulated agreement, in the three financial years ending on the Accounts Date.
REGULATED AGREEMENTS. Any direct or indirect agreement between the Company and one of the members of the Board of Directors, the Chief Executive Officer or a Vice-Chief Executive Officer, a shareholder holding more than 10% of the voting rights or, if such shareholder is a company, the company controlling it as defined in Article L.233-3 of the French Commercial Code, must be subject to the prior authorization of the Board of Directors. The same applies to agreements in which one of the persons mentioned in the preceding paragraph is indirectly concerned, as well as if the agreement takes place between the Company and another company, if one of the directors, the Chief Executive Officer or one of the Vice-Chief Executive Officers of the Company is also an owner, general partner, manager, director, member of the supervisory board or, generally, a senior manager of the other company. The prior authorization granted by the Board of Directors must be substantiated, stating the benefit to be gained by the Company in entering into the agreement, including the financial terms relating thereto. The provisions of the previous three paragraphs shall not apply to agreements entered into in the ordinary course of business and at arm's length or between two companies of which one directly or indirectly owns the full share capital of the other after deduction of the minimum number of shares necessary to meet the requirements of Article 1832 of the French Civil Code or Articles L. 225-1 and L. 226-1 of the French Commercial Code, as applicable. TITLE V
REGULATED AGREEMENTS. In their special report, the Statutory Auditors mentioned two new agreements of the kind described in Articles L.226-10 et seq. of the French Commercial Code, which the Supervisory Board duly authorised in 2015. These two agreements will be submitted for the approval of shareholders at their 15 April 2016 General Meeting.
