SOLOCAL_Registration Document_2017

RISK FACTORS 2.5 Regulations

With regard to automobile risks, the Company has subscribed to a “Car Fleet” insurance policy intended to cover all of the Group’s fleet. Finally, the Group has a Public Liability Insurance policy to cover insurable wrongdoing and defence expenses for Group executives

(including subsidiaries). Finally, the Group has a Public Liability Insurance policy to cover insurable wrongdoing and defence expenses for Group executives (including subsidiaries). The total maximum annual coverage per claim for this liability policy is

€30 million.

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REGULATIONS 2.5

In addition to the regulations generally applicable to companies in the countries in which SoLocal Group is present, SoLocal Group is more specifically subject to legislation with regard to the Company’s information for its digital activities.

As the Group is mainly present in Europe, particularly in France, the presentation below focuses on European and French legislation and regulations.

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REGULATIONS ON THE COMPANY’S INFORMATION 2.5.1

storage services for signals, documents, images, sounds or messages of any kind provided by the recipients of these services and to be made available to the general public by means of online public communication. In terms of their liability for the content of the services hosted by them, since the LCEN Act they have been subject to a limited civil and criminal liability regime. Indeed, article 6, paragraph I-2 et seq. specify that hosting providers have no criminal or civil liability The LCEN Act also states that hosting providers are not subject to a general obligation to monitor the information they transmit or store, nor a general obligation to investigate the facts or circumstances surrounding illegal activity. However, the judicial authorities may order targeted and temporary monitoring in individual cases. Or information stored at the request of a recipient of said services if they had no knowledge of the illegal nature thereof or of the facts and circumstances making the aforementioned illegal, or if, from the time they became aware, they acted promptly to remove said data or to prevent access”. A decision by the Paris Court of Appeal (Cour d’appel de Paris) on 2 December 2014 confirmed this, citing Article 6 paragraph I-2 of the LCEN Act, by ordering Dailymotion, in its capacity as a web host, to pay €1.2 million in damages for having failed to promptly remove videos from its website after being notified to do so by the rights holder. On 10 June 2004, the Conseil constitutionnel (Constitutional Council) formulated the following interpretative reservation on this provision of the LCEN act: “[…] paragraphs 2 and 3 of section I of Article 6 of the Act brought before the Court have the sole consequence of excluding hosting service providers from civil and criminal liability in the two situations mentioned; these provisions would not render a hosting service provider liable in the case that it does not remove information reported by a third party as being illegal unless the said information is manifestly illegal or its removal is ordered by a judge [… ]”.

INTERNET CONTENT REGULATION AND OPERATORS’ RESPONSIBILITY

2.5.1.1

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At EU level, the obligations and responsibilities of Internet players were set out in the European Directive of 8 June 2000 concerning certain legal aspects of information society services, in particular electronic commerce. This directive was transposed in France through the Digital Economy Trust Act (or "LCEN" Act) of 21 June 2004, which specifies the responsibility of technical service providers on the Internet. The liability of online communication service publishers is governed by ordinary law. Thus, article 6, paragraph 3-1 of the LCEN Act, introduced an obligation on the part of online communication service publishers to identify themselves directly or indirectly through an obligation on the part of legal entities and natural persons operating as online communication service publishers to make available to the public, in an open standard, information required to identify themselves such as surnames, forenames, addresses and telephone numbers in the case of natural persons and company names, head offices, telephone numbers, registration numbers and share capital in the case of legal entities. The name of the director or co-director of the publication as well as the name and address of the hosting provider must also be stated. Unless subject to a limited liability regime, the publisher may be held liable for fault under article 1240 (formerly 1382) of the French Civil Code, for breach of copyright on the basis of the provisions of the French Intellectual Property Code or, in the event of misleading statements, as complicit in or jointly liably for deceptive marketing practices prohibited under articles L121.2 et seq. of the French Consumer Code. The hosting provider provides content suppliers with the necessary disk space to store their data. Article 6, paragraph I-2 of the Digital Economy Trust Act (or "LCEN" Act) defines hosting providers as “natural persons or legal entities who, even free of charge, provide

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2017 Registration Document SOLOCAL