A Company is established by 2 (two) persons or more by virtue of a notarial deed prepared in Indonesia language. Each founder of the company must subscribe shares at the time of the establishment of the company. If after the establishment of the company there exists a situation where by the shareholder is less than two, within 6 (six) months after this occurrence the existing shareholder must sell some of his shares to another party. If after the lapse of the period referred to in paragraph (3), the Company continues to have less than 2 (two) shareholders, the shareholder will become person ally liable for all agreements entered into and losses incurred by the company, and upon a petition submitted by the concerned party, the District Court may liquidate the Company.