The company is dissolved by the arrival of the statutory term of its duration, unless extended and upon the occurrence of a legal cause for dissolution.

At the expiry of the company, or in in the event of early dissolution, the liquidation will be carried out by the liquidator(s) who will be designated by the partners, and who may be the Manager then in office.

The partners will resume immediately and without formality the exercise of the rights by them contributed to the company. Furthermore, they may, under the terms of an Extraordinary General Meeting, authorize the liquidators to either sell to any natural or legal person, or contribute to any company, a part or all of the company's tangible assets, all subject to the legal provisions in force.

After the payment of the liabilities and the social charges, the net proceeds of the liquidation will be used to reimburse the shares the surplus, if there is any, will be distributed among the shareholders ortionally to the number of shares of each.

In the event of excess liabilities, this will be borne by the partners in proportion to the number of shares of each.