220.127.116.11.The investments to which subparagraph 13 of the fifth paragraph of section 19 refers correspond to the amount by which the Société’s eligible investments described in subparagraph 3 of the sixth paragraph of section 19 are exceeded by the aggregate of the investments made by the Société in either Desjardins Capital Transatlantique, S.E.C. or in Siparex Transatlantique, a professional private equity fund governed by the laws of the French Republic, within the framework of a joint investment agreement under which Desjardins Capital Transatlantique, S.E.C. and Siparex Transatlantique have jointly undertaken to invest in enterprises that
(1) carry on their main economic activity in Québec and have a detailed and documented project to develop an economic activity in France or elsewhere in Europe; or
(2) carry on their main economic activity in France and have a detailed and documented project to develop an economic activity in Québec or elsewhere in North America.