Tenaris S A : Consolidated articles of association

Registre de Commerce et des Sociétés

Numéro RCS : B85203

Référence de dépôt : L240092175

Déposé et enregistré le 21/05/2024

TENARIS S.A. société anonyme

siège social : 26, Boulevard Royal L - 2449 Luxembourg

R.C.S. Luxembourg : B85203

STATUTS COORDONNES

au 30 avril 2024

tels qu'ils résultent des actes suivants reçus par:

Maître Frank BADEN, notaire alors de résidence à Luxembourg :

1. le 17 décembre 2001 (constitution), publié au Mémorial C, numéro 573 du 12 avril 2002.

Les statuts ont été modifiés pour la dernière fois par acte de :

Maître Martine SCHAEFFER, notaire de résidence à Luxembourg :

1. le 30 avril 2024, publié au Recueil Electronique des Sociétés et Associations le 14 mai 2024, numéro RESA_2024_110.271.

Title 1. Name and Legal Structure, Corporate Object,

Registered Office, Duration

Article 1. Name and Legal Structure.TENARIS S.A. is a société anonyme governed by these Articles of Association and by the applicable laws and regulations of the Grand Duchy of Luxembourg.

Article 2. Corporate Object.The object of the Company is the business directly or indirectly related to the taking of interests, in any form whatsoever, in Luxembourg or foreign corporations or other business entities, the administration, management, control and development thereof.

The Company may use its resources to organize, manage, enhance in value and liquidate a portfolio consisting of any kind of securities, patents and pertaining licenses, to participate in the organization, development and control of any business entity to acquire by way of capital contribution, subscription, underwriting, option, purchase or in any manner whatsoever any kind of securities, patents and pertaining licenses as well as to sell, transfer, exchange or otherwise, to enhance in value such securities, patents and rights through any person and in any manner whatsoever, and to afford to companies in which it has an interest any assistance, loans, advances or guarantees.

The Company may raise money in order to finance its activities through the private or public issue of loans, notes, bonds, debentures or other similar instruments or equity certificates denominated in any currency (and may pledge part or all of its assets to secure any money so raised).

In general, the Company may carry out any permitted activities which it may deem appropriate or necessary for the accomplishment of its corporate object.

Article 3. Registered Office.The registered office is established in Luxembourg-

City.

The registered office may be transferred within the same locality by decision of the Board of Directors.

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The Board of Directors may establish branches or offices abroad.

Whenever there shall occur or be imminent extraordinary political, economic or social developments of any kind likely to jeopardize the normal functioning of the registered office or easy communication between such office and the outside world, the registered office may be declared temporarily, and until the complete termination of such unusual conditions, transferred abroad, without affecting the nationality of the Company, which, notwithstanding such temporary transfer of the registered office, shall remain that of Luxembourg. Such declaration of transfer of the registered office shall be made and brought to the knowledge of third parties by one of the executive bodies of the Company authorized to bind it for acts of current and daily management.

Article 4. Duration.The Company shall be constituted for an unlimited duration.

Title II.- Share Capital

Article 5. Share Capital.The share capital of the Company is set at one billion one hundred and sixty two million seven hundred and fifty seven thousand five hundred and twenty eight US dollars (USD 1,162,757,528), represented by one billion one hundred and sixty two million seven hundred and fifty seven thousand five hundred and twenty eight US dollars (USD 1,162,757,528) shares with a par value of one US dollar (USD 1) per share.

The authorized capital of the Company shall be two billion five hundred million US dollars (USD 2,500,000,000.-), including the issued share capital, represented by two billion five hundred million (2,500,000,000) shares with a par value of one US dollar (USD 1.-) per share.

The board of directors, or any delegate(s) duly appointed by the board of directors, may from time to time, for a period starting on the date of the Extraordinary General Meeting of Shareholders held on 2 June 2020 and ending on the fifth anniversary of the date of the publication in the Recueil electronique des sociétés et associations (the "RESA") of the deed recording the minutes of such Extraordinary General Meeting of Shareholders, issue shares within the limits of the authorized share capital against contributions in cash, contributions in kind or by way of incorporation of available reserves at such times and on such terms and conditions, including the issue price, as the board of directors, or its delegate(s), may in its or their discretion resolve.

The Extraordinary General Meeting of Shareholders held on 2 June 2020 has authorized the board of directors, for a period starting on the date of such Extraordinary General Meeting of Shareholders and ending on the fifth anniversary of the date of the publication in the RESA of the deed recording the minutes of such Extraordinary General Meeting of Shareholders, to waive, suppress or limit any pre-emptive subscription rights of shareholders provided for by law to the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share capital, and has waived any pre-emptive subscription right provided for by law and related procedures.

Notwithstanding the waiver of any preemptive subscription rights provided for by law and related procedures, by provision of the present Articles of Association, any issuance of shares for cash within the limits of the authorized share capital shall be subject to the pre-emptive subscription rights of the then existing shareholders, except in the following cases (in which cases no pre-emptive subscription rights shall apply):

i. any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other than in cash; and,

1. any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of the issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries, or its affiliates (collectively, the "Beneficiaries"), including without limitation the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares issued for the purpose of

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compensation or incentive of the Beneficiaries or in relation thereto (which the Board of Directors shall be authorized to issue upon such terms and conditions as it deems fit).

Any issuance of shares within the authorized share capital must be recorded by notarial deed and this Article 5 must be amended accordingly.

Each share entitles the holder thereof to cast one vote at any shareholders' meeting, subject to applicable law.

The board of directors may authorize the issuance of bonds which may be but are not required to be, convertible into registered shares, in such denominations and payable in such monies as it shall determine in its discretion. The board of directors shall determine the type, price, interest rates, terms of issuance and repayment and any other conditions for such issues. A register of registered bonds shall be held by the Company.

Article 6. Shares.The shares shall be in registered form. The board of directors may issue registered share certificates.

The shares may be entered without serial numbers into fungible securities accounts with financial institutions or other professional depositaries. The shares held in deposit or on an account with such financial institution or professional depositary shall be recorded in an account opened in the name of the depositor and may be transferred from one account to another, whether such account is held by the same or a different financial institution or depositary. The depositor whose shares are held through such fungible securities accounts shall have the same rights and obligations as if his shares were recorded in the registered share register of the Company.

Transfer of registered shares, carried in the registered share register and which are not held through fungible securities accounts, shall be effected by a written declaration of transfer signed by the transferor and the transferee or by their attorneys. The board of directors may accept and enter in the register a transfer on the basis of any appropriate document(s) recording the transfer between the transferor and the transferee.

For the exercise of rights against it as well as for the exercise of rights to vote at general meetings and all rights conferred upon the shareholders, the Company shall recognize only one single owner per share. If there are several owners of a share, the company shall be entitled to suspend the exercise of the rights attached thereto until one person is designated as being the owner of such share with regard to the Company or until a single representative of the owners representing them towards the Company has been appointed.

The rights and obligations attached to any share shall pass to any transferee thereof.

All communications and notices to be given to a registered shareholder shall be deemed validly made to the latest address communicated by the shareholder to the Company.

Article 7. Changes of Share Capital.The subscribed and the authorized capital of the Company may be increased or reduced by decision of the shareholders in general meeting whose resolutions shall be taken in the manner required for the amendment of the Articles.

Title III.- Management, Supervision

Article 8. Board of Directors.The Company shall be managed by a board of directors consisting of a minimum of three (3) members and a maximum of fifteen (15) members appointed by the general meeting. In case the shares of the Company are listed on a regulated market, the minimum number of directors shall be five (5). The terms of their office shall not exceed one (1) year; they may be reappointed and dismissed at any time, with or without cause.

In the case of a vacancy in any position as director, the remaining directors shall have the right to temporarily fill such vacancy by a majority vote; in such case the next general meeting shall be called upon to ratify such election.

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Any director elected in replacement of another, whose term of office has not expired, shall complete the term of office of the director whom he replaces.

Article 9. Procedure.The board of directors shall elect a chairman from among its members and, if considered appropriate, 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 as often as required by the interests of the Company and at least four (4) times per year, upon notice by the chairman or by two

1. directors, either at the registered office or at any other place indicated in the notice, under the chairmanship of the chairman or, if the latter is prevented from attending, under the chairmanship of the (any) vice-chairman or of the director chosen among his colleagues.
   The board of directors may deliberate and act validly only if a majority of its members in office are present in person or by proxy.
   Board of directors meetings can be validly held by means of telephonic conference call, video conference or any other means genuinely allowing for the participation, interaction and intercommunication of the attending directors.
   Any director who is prevented or absent may give a proxy in writing, telegram or facsimile, to one of his colleagues on the board to represent him at the meetings of the board and to vote in his place and stead.
   All decisions shall be taken by a majority of votes of those present or represented; in case of a tie the chairman has a casting vote.
   Written decisions, signed by all the directors, are proper and valid as though they had been taken at a meeting of the board of directors duly convened and held. Such a decision can be documented by several separate instruments having the same tenor, each signed by one or more directors.
   The Board of Directors may appoint a secretary and one or more assistant secretaries and determine their responsibilities, powers and authorities. These secretaries and assistant secretaries need not be members of the Board of Directors.
   Article 10. Minutes of the Board.The proceedings of the board of directors shall be set forth in minutes signed by either (i) the chairman of the board of directors or the chairman of the meeting, together with the secretary of the board of directors, or (ii) a majority of the persons present at the meeting.
   Copies of these minutes, or excerpts thereof, as well as any other document of the Company, may be certified by the chairman of the board of directors, the chairman of the relevant meeting, any member of the board of directors, the secretary of the board of directors, or any assistant secretary of the board of directors».
   Article 11. Powers.The board of directors is invested with the broadest powers to act on behalf of the Company and accomplish or authorize all acts and transactions of management and disposal which are within its corporate purpose and which are not specifically reserved to the general meeting.
   The Company will be bound by the joint signature of two directors or the sole signature of any persons to whom such signatory power shall be delegated by the board of directors or by any two directors.
   The board of directors is invested with the power to interpret and apply the present Articles of Association and to issue guidelines and rules for that purpose.
   Within the limits of applicable law, the board of directors may: 1. delegate to one or more persons, whether or not members of the board of directors, the powers necessary to carry out its decisions and to provide day-to-day management; provided that the approval of material transactions with related parties shall not be delegated and the opinion of the Audit Committee on such material transactions shall be taken into consideration prior to their approval by the board of directors;
   2. confer to one or more persons, whether or not members of the board of directors, the powers deemed to be appropriate for the general technical, administrative and commercial management of the Company;

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1. constitute an Audit Committee, made up by directors, determining its function and authority;
2. constitute any committee, the members of which may be selected either from among the directors or outside thereof, and determine their functions and authority.
   The board may authorize all substitutions in the powers it may confer or has conferred.
   In case the shares of the Company are listed on one or more regulated markets, the Company shall have an Audit Committee composed of at least three (3) members, the majority of which shall qualify as Independent Directors; provided, however, that the composition and membership of the Audit Committee shall satisfy such requirements as are applicable to, and mandatory for, audit committees of issuers such as the Company under any law, rule or regulation applicable to the Company (including, without limitation, the applicable laws, rules and regulations of such regulated market or markets). The members of the Audit Committee shall not be eligible to participate in any incentive compensation plan for employees of the Company or any of its subsidiaries. The Audit Committee shall (I) assist the board of directors in fulfilling its oversight responsibilities relating to the integrity of the financial statements of the Company, the Company's system of internal controls and the independence and performance of the Company's internal and independent auditors. It shall also perform the other duties entrusted to it by the board of directors, particularly as regards relations with the independent auditor and (II) review material transactions between the Company or its subsidiaries with related parties to determine whether their terms are consistent with market conditions or are otherwise fair to the Company and its subsidiaries. To that end, (A) the term «material» shall mean (a) any transaction, or series of transactions within the period of one year prior to the determination, by which the Company or any of its subsidiaries would be required to pay or would receive aggregate sums in excess of 1.5% of the Company's consolidated net sales made in the fiscal year preceding the year on which the determination is made or (b) any corporate reorganization transaction (including a merger, spin-off or bulk transfer of a business) affecting the Company or any of its subsidiaries for the benefit of or involving also a related party;
   and (B) the term «related party» shall mean any of the following persons in relation to the Company or the subsidiaries of the Company: (i) a member of the board of directors of the Company or of any of the subsidiaries; (ii) any company or person that controls directly or indirectly the Company or is a member of the board of directors of a company controlling directly or indirectly the Company; (iii) any company or person that holds a significant interest in the equity of the Company or of a subsidiary of the Company; (iv) spouses, parents, siblings or relatives up to the third degree of any person referred to in (i), (ii) or (iii); and (v) companies in whose equity the persons referred in (i) and (iii) hold a significant interest.
   The board of directors shall appoint one of the members of the Audit Committee as its Chairman. The Audit Committee shall report to the board of directors on its activity and the adequacy of the internal control system once a year, at the time the annual accounts are approved.
   For the purpose of the present Articles of Association, the term «Independent Director» shall mean a director who: (i) is not, and has not been employed by the Company or its subsidiaries in an executive capacity, within the five years immediately prior to the annual meeting at which the nominees of the board of directors will be voted upon;
   (ii) is not a person that directly or indirectly controls the Company and is not a member of the board of directors of a company controlling directly or indirectly the Company;
   (iii) has not (and is not affiliated with a company or a firm that has) a significant business relationship with the Company, its subsidiaries or the person that directly or indirectly controls the Company;

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1. is not, and has not been affiliated with or employed by a (present or former) auditor of the Company, its subsidiaries or the person that directly or indirectly controls the Company, within the five years immediately prior to the annual meeting at which the nominees of the board of directors will be voted upon;
2. is not a spouse, parent, sibling or relative up to the third degree of any person above described from (i) to (v).
   Article 12. Directors' Remuneration.The remuneration of the board of directors will be decided by the general meeting.
   The Company shall, to the fullest extent permitted by Luxembourg law, indemnify any director or officer, as well as any former director or officer, against all costs, charges and expenses, reasonably incurred by him in connection with the defense or settlement of any civil, criminal or administrative action, suit or proceeding to which he may be made a party by reason of his being or having been a director or officer of the Company, if (i) he acted honestly and in good faith, and (ii) in the case of criminal or administrative proceedings, he had reasonable grounds for believing that his conduct was lawful. Notwithstanding the foregoing, the current or former director or officer will not be entitled to indemnification in case of an action, suit or proceeding brought against him by the Company or in case he shall be finally adjudged in an action, suit or proceeding to be liable for gross negligence, wilful misconduct, fraud, dishonesty or any other criminal offence. Furthermore, in case of settlement, the current or former director or officer will only be entitled to indemnification hereunder, if he settles such action, suit or proceeding in good faith and in a manner he reasonably believes to be in or not opposed to the best interests of the Company and if notice of the intention of settlement of such action, suit or proceeding is given to the Company at least 10 business days prior to such settlement.
   Article 13. Auditors.The annual accounts of the Company shall be audited by auditors or audit firms in accordance with applicable law, appointed by the general meeting of shareholders. The general meeting shall determine their number and the term of their office which shall not exceed one (1) year. They may be reappointed and

dismissed at any time.

Title IV.- General Meetings

Article 14. Powers.The general meeting, duly constituted, represents all of the shareholders. It has the broadest powers to carry out or ratify acts of concern to the Company.

Article 15. Date and Place.The annual general meeting shall meet each year in Luxembourg, at the place indicated in the notices of meeting, within six (6) months from the end of the previous financial year. If such day falls on a legal or banking holiday in Luxembourg, the general shareholders meeting shall be held on the first business day thereafter.

The general Meetings, including the annual general meeting, may be held in a foreign country whenever there occur circumstances of force majeure as determined by the board of directors in its discretion. In such event, the terms and conditions necessary to provide proper deliberations and publications will continue to be those provided for by the laws of Luxembourg.

Article 16. Notices of Meeting.The board of directors shall convene all general meetings.

The convening notice for any ordinary or extraordinary general meeting shall comply with the requirements (including as to content and publicity) established by applicable law. For so long as the shares or other securities of the Company are listed on a regulated market, the notice of a general meeting of shareholders shall comply with the requirements (including as to content and publicity) and follow the customary practices in such market.

Article 17. Admission.Admission to a general meeting of shareholders shall be governed by applicable Luxembourg law and the present Articles of Association. For as long as the shares or other securities of the Company are listed on a regulated market

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within the European Union, participation in a general meeting shall inter alia be subject to the relevant shareholder holding shares of the Company on the fourteenth day (14th) midnight central European time prior to the meeting (unless otherwise provided for by applicable law).

The board of directors may determine other conditions that must be satisfied by shareholders in order to participate in a general meeting in person or by proxy, including with respect to deadlines for submitting supporting documentation to or for the Company.

Article 18. Procedure.Every general meeting will be presided over by the chairman pro tempore appointed by the general meeting. The general meeting will appoint a scrutineer who shall keep the attendance list.

The board of the general meeting so constituted shall designate the secretary. Irrespective of the agenda, the board of directors may adjourn any ordinary or

extraordinary general meeting in accordance with the formalities and time limits stipulated for by law.

Article 19. Vote and Minutes.Subject to applicable law, resolutions at ordinary general meetings will be passed by the simple majority of the votes validly cast, irrespective of the number of shares present or represented.

Extraordinary general meetings may not validly deliberate on proposed amendments to the Articles of Association unless at least half of the issued share capital is represented, unless otherwise provided for by applicable law. If the required quorum is not reached at a first meeting, a second meeting may be convened in accordance with the present Articles of Association and applicable law and such second meeting shall validly deliberate regardless of the number of shares represented.

Resolutions as to amendments to the Articles of Association shall be adopted by two-thirds majority of the votes validly cast, unless otherwise provided for by applicable law.

The nationality of the Company may be changed and the commitments of its shareholders may be increased only with the unanimous consent of all the shareholders and bondholders, if any.

To the extent that no shareholder requests a full account of the voting at the general meeting, the Company may establish the voting results only to the extent needed to ensure that the required majority is reached for each matter submitted to the general meeting.

Minutes of the general meetings shall be signed by the members of the bureau of the meeting. Copies or excerpts of the minutes may be certified by the chairman of the board of directors, the chairman of the relevant meeting, any member of the board of directors, the secretary of the board of directors, or any assistant secretary of the board of directors.

Title V.- Financial Year, Distributions

Article 20. Financial Year.The financial year will run from the first (1st) of January of each year until the thirty-first (31st) of December of the same year.

Each year, the management will cause an inventory to be drawn up with current and fixed assets together with all debts and liabilities of the Company, accompanied by an annex containing a summary of all corporate commitments and all debts of the directors towards the Company.

The management will prepare the balance sheet, the profit and loss statement and the notes to the accounts and remit those documents within the legal time limit to the auditors.

Copy of the annual accounts, the auditor's report on such annual accounts and such other documents required by law shall be made available to shareholders in compliance with applicable law.

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Article 21. Distributions.The surplus after deduction of charges and amortizations represents the net profit at the disposal of the general meeting for free allocation.

The board of directors may initiate dividend installments out of profits, share premium or any other available reserves, in accordance with applicable law.

Dividends or other distributions decided by the general meeting as well as interim dividends or other distributions for the current financial year decided by the board of directors in accordance with the law, are paid at the periods and places fixed by the board of directors.

The Company may be discharged of its obligation in respect of such distributions by transferring funds to a depositary having as principal activity the operation of a settlement system in relation to transactions on securities, dividends, interest, matured capital or other matured monies of securities or of other financial instruments being handled through the system of such depositary. Said depositary shall distribute these funds to his depositors according to the amount of securities or other financial instruments recorded in their name.

Title VI.- Appraisal rights

Article 22. Appraisal rights.

1. 1. In case the general meeting approves (i) the de-listing of the Company's shares from all regulated markets where the Company's shares are listed at that time
2. consummation of a merger in which the Company is not the surviving person (unless the shares or other equity securities of such person are listed in the New York or London stock exchanges);
3. 1. 
      (iii) consummation of a sale, lease, exchange or other disposition of all or substantially all of the assets of the Company; (iv) amendment of the articles of association that has the effect of changing materially the Company's corporate purpose; (v) relocation of the Company's domicile outside of the Grand Duchy of Luxembourg; (vi) amendments to the Articles of Association that restrict the rights of the shareholders, dissenting or absent shareholders shall have the right to have their shares purchased by the Company at (a) the average market value of the ninety (90) calendar days preceding the general meeting or (b) in the event that the shares of the Company are not traded in any regulated market, the amount that results from applying the proportion of the Company's equity that the shares being sold represent over of the Company's net worth on the day of the general meeting. The Company must consummate the purchase in this clause (a) of this Article within six (6) months following the date of the general meeting. Dissenting or absent shareholders must present their claim within one (1) month following the date of the general meeting and supply the Company with evidence of their share holding at the date of the general meeting. Shareholders which voted in favor of the relevant resolution are not entitled to the right provided in this article.
   2. In case the general meeting approves the de-listing from one or more, but not all, of the regulated markets where the Company's shares are listed, only dissenting or absent shareholders with shares held through participants in the local clearing system for that market at the earlier of (i) the date of the public announcement by the Company of the intention to make the de-listing or (ii) the date of the publication of the call for the general meeting that approved such de-listing will be entitled to have their shares repurchased by the Company in accordance with clause (a) of this Article.
      Dissenting or absent shareholders must present their claim within one (1) month following the date of the general meeting and supply the Company with evidence of their share holding at the earlier of (i) the date of the public announcement by the Company of the intention to make the de-listing or (ii) the date of the publication of the call to the general meeting.
      Shareholders which voted in favor of the relevant resolution are not entitled to this appraisal right.

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1. Article 49-3(1)(d) of the Luxembourg law governing commercial companies shall apply in case the shareholders exercise their appraisal right.

Title VII.- Dissolution, Liquidation

Article 23. Dissolution.The board of directors may, at any time, propose to the extraordinary general meeting the dissolution of the Company.

Article 24. Liquidation.Upon the dissolution of the Company, the liquidation shall be effected by one or more liquidators, natural persons or legal entities, appointed by the general meeting, which shall determine their powers and their remuneration.

Title VIII.- General Previsions

Article 25. Applicable law.All points not covered by the present Articles of Association shall be governed by Luxembourg law.

TRADUCTION FRANCAISE DU TEXTE OUI PRECEDE

Titre 1. Dénomination et forme juridique,

objet social, siège social, durée

Article 1er. Dénomination et forme juridique.TENARIS S.A. est une société anonyme régie par les présents Statuts et par les lois et règlementations en vigueur au Grand-Duchéde Luxembourg.

Article 2. Objet social.L'objet de la Société est tout activité directement ou indirectement liée à la prise de participations, sous quelque forme que ce soit, dans des sociétés luxembourgeoises ou étrangères ou dans d'autres entités commerciales, l'administration, la gestion, le contrôle et le développement de celles-ci.

La société peut utiliser ses ressources pour organiser, gérer, valoriser et liquider un portefeuille comprenant toutes sortes de titres, de brevets et de licences y relatives, pour participer à l'organisation, au développement et au contrôle de toutes entités commerciales, pour acquérir par voie de contribution de capital, de souscription, de participation, d'option, d'achat ou de toute autre manière, toutes sortes de titres, de brevets et de licences y relatives, ainsi que pour vendre, céder, échanger ou d'une autre manière, pour valoriser de tels titres, brevets et droits par l'intermédiaire de toute personne et sous quelque forme que ce soit, et d'offrir aux sociétés dans lesquelles elle détient un intérêt, toutes assistances, tous prêts, avances ou garanties.

La Société peut lever des fonds en vue de financer ses activités au travers de l'émission, privée ou publique, d'emprunts, d'obligations, de titres obligataires, d'instruments de dette ou de tous autres instruments similaires ou de certificats d'actions libellés en n'importe quelle devise (et elle peut mettre en gage tout ou partie de ses actifs pour garantir les fonds ainsi levés).

De manière générale, la Société peut exercer toutes activités autorisées qu'elle juge appropriées ou nécessaires à l'accomplissement de son objet social.

Article 3. Siège social.Le siège social est établi à Luxembourg-Ville.

Le siège social peut être transféré à l'intérieur de la même localité par décision du conseil d'administration.

Le conseil d'administration peut ouvrir des succursales ou des bureaux à l'étranger.

Lorsque apparaissent ou sont imminents des développements politiques, économiques ou sociaux extraordinaires de quelque sorte que se soit et qui sont de nature à mettre en péril le fonctionnement normal du siège social ou la communication aisée entre un tel siège et le monde extérieur, le siège social peut être déclarée temporairement transférée à l'étranger jusqu'à la disparition complète de ces conditions extraordinaires, sans que soit altérée la nationalité de la Société qui, nonobstant un tel transfert temporaire du siège social, restera luxembourgeoise. Une telle déclaration de transfert du siège social sera faite et portée à la connaissance des parties tierces par un des membres des organes exécutifs de la Société autorisés à l'engager par des actes de gestion courante et quotidienne.

Article 4. Durée.La Société est constituée pour une durée illimitée.

Titre II.- Capital social

Article 5. Capital social.Le capital social est fixé à un milliard cent soixante-

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deux millions sept cent cinquante-sept mille cinq cent vingt-huit dollars américains (1.162.757.528 USD), divisé en un milliard cent soixante-deux millions sept cent cinquante-sept mille cinq cent vingt-huit actions (1.162.757.528), d'une valeur nominale d'un dollar américain (1 USD) par action.

Le capital autorisé de la Société est fixé à deux milliards cinq cent millions dollars américains (2.500.000.000 USD), comprenant le capital social émis, représenté par deux milliards cinq cent millions actions (2.500.000.000) d'une valeur nominale d'un dollar américain (1 USD) par action.

Le conseil d'administration, ou tout mandataire(s) dûment nommé(s) par le conseil d'administration, peut de temps en temps, pour un période commençant à la date de l'Assemblée Générale Extraordinaire des Actionnaires tenue le 2 juin 2020 et se terminant le jour du cinquième anniversaire de la date de publication dans le Recueil électronique des sociétés et associations, Luxembourg (le « RESA ») de l'acte contenant le procès-verbal de cette Assemblée Générale Extraordinaire des Actionnaires, émettre des actions dans les limites du capital autorisé, par apport en numéraire, en nature ou par voie d'incorporation de réserves disponibles à ce moment, et aux termes et conditions, notamment le prix d'émission, décidés par le conseil d'administration ou son/ses mandataire(s), à leur seul discrétion.

L'Assemblé Générale Extraordinaire des Actionnaires tenue le 2 juin 2020 a autorisé le Conseil d'Administration, pour un période commençant à la date de cette Assemblée Générale Extraordinaire des Actionnaires et se terminant au jour du cinquième anniversaire de la date de publication dans le RESA de l'acte contenant le procès-verbal de cette Assemblée Générale Extraordinaire des Actionnaires, à renoncer, supprimer ou limiter tout droits préférentiel de souscriptions des actionnaires prévus par la loi en ce qu'il considère la renonciation, la suppression ou la limitation recommandée pour toute émission ou émissions d'actions dans la limite du capital autorisé et à renoncer à tout droit préférentiel de souscription prévu par la loi et les procédures y liées.

Nonobstant la renonciation à tout droit de souscription préférentiel prévu par la loi et les procédures liées, par applications des dispositions des présents Statuts, toute émission d'actions par apport en numéraire, dans la limite du capital autorisé, doit être conforme aux droits de souscription préférentiels des actionnaires existants, à l'exception des cas suivants (dans ces cas, aucun droit préférentiel de souscription ne s'applique) :

1. toute émission d'actions (notamment et sans limitation les émissions directes d'actions ou sur exercice d'options, de droits convertibles en actions ou des instruments similaires convertibles ou échangeables en actions) par apport autre qu'en numéraire; et
2. toute émission d'actions (y compris gratuitement ou avec remise) jusqu'à 1,5% du capital social émis de la Société, aux administrateurs, fondés de pouvoir, agents, ou employés de la Société, à leurs filiales directes ou indirectes, ou à leurs affiliés (collectivement, les « Bénéficiaires »), y compris et sans limitation l'émission directe d'actions ou par l'exercice d'options, de droit de conversion en actions, ou des instruments similaires convertibles ou échangeables en actions émises dans un but de compensation ou incitation des Bénéficiaires ou y afférent (le Conseil d'Administration doit être autorisé à émettre sous les termes et conditions décrites).
   Toute émission d'action dans les limites du capital social autorisé doit être enregistrée par acte notarié et cet Article 5 doit être modifié en conséquence.
   Chaque action autorise le détenteur de celle-ci à émettre un vote à chaque assemblée générale, conformément à la loi applicable.
   Le conseil d'administration peut autoriser toute émission d'obligations qui peuvent être, mais qui ne doivent pas être obligatoirement, convertibles en actions nominatives sous une dénomination et payables dans une monnaie déterminée par lui et à sa seule discrétion. Le conseil d'administration doit déterminer le type, le prix, les taux d'intérêt, les conditions d'émission et de remboursement et toutes autres

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