¹ The company is founded when the founder members declare by public deed that they are forming a company limited by shares, lay down the articles of association therein and appoint the governing bodies.

² In such deed of incorporation, the founder members shall subscribe for the shares and declare that:

1.

all the shares are validly subscribed for;

2.

that the promised capital contributions correspond to the full issue price;

3.

the requirements for payment of capital contributions prescribed by law and the articles of association are met at the time that the deed of incorporation is signed;

4.

there are no contributions in kind, instances of offsetting or special privileges other than those mentioned in the supporting documents.³¹⁸

³ If the share capital is specified in a foreign currency or if contributions are made in a different currency from that of the share capital, the exchange rates applied must be indicated in the public deed.³¹⁹