The meeting of the general meeting of holders of securities or bondholders shall not be valid unless such general meeting is attended, in person or by proxy, by a number of holders of securities or bondholders representing at least two-thirds of the securities or bonds of the issue, failing which a second general meeting shall be convened. The second general meeting shall be valid if it is attended by a number representing one third of the holders of securities or bondholders, provided that such second general meeting shall be held within thirty (30) days of the date of the first general meeting. A proxy for attending the meeting of such general meeting must be made in writing failing which it will not be valid. Resolutions of the general meeting of holders of securities or bondholders for approval of extension of the period of settlement of the securities or bonds or reduction of the guarantees, shall not be valid unless the meeting is attended by at least two thirds of the representatives of the securities or the bonds. In all circumstances the resolutions of the general meeting of the holders of securities or bondholders shall be adopted by a majority of two thirds of the holders of securities or bondholders present at the meeting.
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