L'AIR LIQUIDE Corporation for the study and application of ...

English translation for information purposes
of the articles of association, to set the overall amount of Directors’ fees to be granted annually at
800,000 euros, as of fiscal year 2011.
Extraordinary Shareholders’ Meeting
Tenth resolution (Authorization granted to the Board of Directors for a period 24-months to reduce the
share capital by cancellation of treasury shares)
The shareholders, deliberating according to the quorum and majority required for Extraordinary
Shareholders’ Meetings, after having reviewed the Report of the Board of Directors and the Statutory
Auditors’ Special Report, authorize the Board of Directors to cancel, via its decisions alone, on one or more
occasions, and within the limit of 10% of the Company’s share capital per twenty-four month period, any
or all of the shares bought back by the Company within the scope of the authorization adopted by this
Ordinary Shareholders’ Meeting in its fourth resolution and of those shares bought back within the scope of
the authorizations adopted by the Ordinary Shareholders’ Meetings of May 5, 2010, May 7, 2008 and May
9, 2007 and to reduce the share capital by this amount.
The difference between the book value of the cancelled shares and their par value will be allocated to any
reserve or additional paid-in capital accounts.
This authorization is granted for a period of twenty-four months starting from the date of this Shareholders’
Meeting. It supersedes the authorization granted by the Extraordinary Shareholders’ Meeting of May 5,
2010 in its fifteenth resolution.
Full powers are granted to the Board of Directors to implement this authorization, deduct the difference
between the book value of the shares cancelled and their par value amount from all reserve and additional
paid-in capital accounts, and with the possibility of sub-delegation, to carry out the necessary formalities to
implement the reduction in capital which shall be decided in accordance with this resolution, and amend the
Articles of association.
Eleventh resolution (Approval of a partial asset contribution plan governed by the legal regime for spinoffs
granted by the Company to its subsidiary Air Liquide France Industrie of its business for supplying and
marketing industrial gases)
The General Meeting, resolving on the quorum and majority conditions required for Extraordinary General
Meetings, after having read:
- the opinion of the central works council, dated January 6, 2011,
- the report of the Board of Directors,
- the reports prepared by the contribution auditor by order (ordonnance) of the President of the Paris
Commercial Court dated September 27, 2010,
- the partial asset contribution agreement dated February 15, 2011 between the Company and its
subsidiary Air Liquide France Industrie, French limited liability company (société anonyme), with
capital of 22,650,180 euros, whose registered office is located at 6, rue Cognacq-Jay, 75007 Paris,
registered with the Paris Trade and Companies Register, under number 314 119 504 (the
“Beneficiary”), and
- the respective financial statements and management reports of the Company and of the Beneficiary,
made available to the shareholders pursuant to applicable regulations,
1. Approves:
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