BW Ideol AS

AGM Information • Apr 6, 2021

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING

I

BW IDEOL AS

(ORG. NR. 925 905 674)

Den 6. april 2021 ble det avholdt ekstraordinær generalforsamling i BW Ideol AS ("Selskapet") på Selskapets kontorer i Drammensveien 151, 0277 i Oslo kommune.

Generalforsamlingen ble åpnet av Selskapets daglige leder, Marco Beenen, som opptok fortegnelse over de møtende aksjeeierne. Fortegnelsen, inkludert antall aksjer og stemmer representert, er inntatt som Vedlegg 1 til protokollen.

I henhold til fortegnelsen var 21,125,769 av totalt 31.093.198 aksjer og stemmer, tilsvarende 67.94% av aksjekapitalen, representert på generalforsamlingen.

I samsvar med styrets forslag fattet generalforsamlingen følgende vedtak:

Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.

2 GODKJENNELSE AV INNKALLING OG DAGSORDEN

Møteleder opplyste om at innkalling og dagsorden til generalforsamlingen hadde blitt sendt til samtlige aksjeeiere med kjent oppholdssted den 23. mars 2021.

Møteleder reiste deretter spørsmål om det var noen bemerkninger til innkallingen eller dagsordenen. Da det OFFICE TRANSLATION

MINUTES OF EXTRAORDINARY GENERAL MEETING

OF

BW IDEOL AS

(REG. NO. 925 905 674)

On 6 April 2021, an extraordinary general meeting of BW Ideol AS (the "Company") was held at the Company's offices in Drammensveien 151, 0277 in the municipality of Oslo.

The general meeting was opened by the Company's CEO, Marco Beenen, who made a record of attending shareholders. The record of attending shareholders, including the number of shares and votes represented, is attached to these minutes as Appendix 1.

According to the record, 21,125,769 of a total of 31,093,198 shares and votes, corresponding to 67.94% of the share capital, were represented at the general meeting.

Til behandling forelå følgende saker: The following matters were resolved:

1 VALG AV MØTELEDER 1 ELECTION OF CHAIRPERSON

In accordance with the board of directors' proposal, the general meeting adopted the following resolution:

Styrets leder, Marco Beenen, velges som møteleder. Chairman of the board of directors, Marco Beenen, is elected to chair the meeting.

The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

2 APPROVAL OF NOTICE AND AGENDA

The chairperson of the meeting informed the general meeting that the notice and the agenda had been sent to all shareholders with known address on 23 March 2021.

The chairperson of the meeting asked whether there were any objections to the notice or the agenda. As no objections were raised, the general meeting adopted the

ikke var noen innvendinger, fattet generalforsamlingen følgende vedtak i samsvar med styrets forslag:	following resolution in accordance with the board of directors' proposal:
Innkallingen og dagsorden godkjennes.	The notice and the agenda are approved.
Møteleder erklærte generalforsamlingen som lovlig satt.	The chairperson of the meeting declared the general meeting as lawfully convened.
Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.	The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

3 VALG AV ÉN PERSON TIL Å MEDUNDERTEGNE PROTOKOLLEN 3 ELECTION OF A PERSON TO CO-SIGN THE MINUTES

Paul de la Gueriviere velges til å medundertegne protokollen sammen med møteleder.

Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.

Generalforsamlingen fattet følgende vedtak: The general meeting adopted the following resolution:

Paul de la Gueriviere, is elected to co-sign the minutes together with the chair of the meeting.

The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

4 VALG AV NYTT STYRE 4 ELECTION OF A NEW BOARD OF

I samsvar med styrets forslag fattet generalforsamlingen følgende vedtak:

Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.

Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.

5 FASTSETTELSE AV HONORAR TIL STYRETS MEDLEMMER

I samsvar med styrets forslag fattet generalforsamlingen følgende vedtak:

Styremedlemmene skal for perioden fra utnevnelsesdatoen og til mai 2021 motta en godtgjørelse på USD 10.000 hver, og for perioden fra juni 2021 og til den første ordinære

DIRECTORS

In accordance with the board of directors' proposal, the general meeting adopted the following resolution:

Sak 4.1 Jean Huby velges som styremedlem Item 4.1 Jean Huby is elected as a board member

The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

Sak 4.2 Yasuhiro Matsui velges som styremedlem Item 4.2 Yasuhiro Matsui is elected as a board member

The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

5 DETERMINATION OF REMUNERATION TO THE BOARD OF DIRECTORS

In accordance with the board of directors' proposal, the general meeting adopted the following resolution:

The members of the board of directors shall, for the period from the date of their appointment and until May 2021 receive a remuneration of USD 10,000 each, and for the period from June 2021 and until the first annual general

generalforsamlingen i mai 2022 motta en årlig styregodtgjørelse på USD 40.000 hver.

Beslutningen ble truffet med nødvendig flertall, jf. avstemmingsresultat inntatt som Vedlegg 2 til protokollen.

meeting in May 2022 receive an annual directors' remuneration of USD 40,000 each.

The resolution was passed with the required majority, cf. the result of the voting set out in Appendix 2 to the minutes.

* * * * * *

Mer forelå ikke til behandling. Generalforsamlingen ble deretter hevet.

____________________ ____________________

Marco Beenen (Møteleder / Chairperson)

There were no further matters to be discussed. The general meeting was therefore adjourned.

Paul de la Gueriviere (Medundertegner / Co-signer)

• 1. Fortegnelse over møtende aksjeeiere, inkludert antall aksjer og stemmer representert
• 1. Stemmeresultater 2. Voting results

Vedlegg: Appendices:

• 1. Record of attending shareholders, including the number of shares and votes represented

APPENDIX1

Total Represented

l ISIN:		NO0010947385 BW IDEOL AS
	General meeting date: 06/04/2021 10:00
	Today:	06 04 2021

Number of persons with voting rights represented/attended: 1

	Number of shares % sc
Total shares	31,093,198
- own shares of the company	0
Total shares with voting rights	31,093,198
Represented by advance vote	650,000	2.09%
Sum own shares	650,000	2.09%
Represented by proxy	55	0.00 %
Represented by voting instruction	20,475,714	65 85 %
Sum proxy shares	20,475,769	65 85 %
Total represented with voting rights	21,125,769	67.94%
Total represented by share capital	21,125,769	67.94%

Registrar for the company:

DNB Bank ASA

Signature company: BW IDEOL AS

APPENDIX 2

Protocol for general meeting BW IDEOL AS

ISIN:	NO0010947385 BW IDEOL AS
General meeting date: 06/04/2021 10:00
Today:	06 04 2021

Shares class	FOR	Against Poll in				Abstain Poll not registered Represented shares with voting rights
Agenda item 1 Election of chairperson
Ordinær	21,125,769	$\mathbf 0$	21,125,769	$\mathbf 0$	$\mathbf 0$	21,125,769
votes cast in %	100 00 %	0.00%		0.00%
representation of sc in %	100.00%	0.00%	100.00%	0.00%	0.00%
total sc in %	67.94 %	0.00 %	67.94 %	0.00%	0.00%
Total	21,125,769	0	21,125,769	0	0	21,125,769
Agenda item 2 Approval of notice and agenda
Ordinær	21,125,769	0	21,125,769	0	0	21,125,769
votes cast in %	100 00 %	0.00%		0.00%
representation of sc in %	100.00%	0.00%	100.00%	0.00%	0.00%
total sc in %	67 94 %	0.00%	67 94 %	0.00%	0.00%
Total	21,125,769	0	21,125,769	0	0	21,125,769
Agenda item 3 Election of person to co-sign the minutes
Ordinær	21,125,769	0	21,125,769	0	0	21,125,769
votes cast in %	100.00%	0.00%		0.00%
representation of sc in %	100.00%	0.00%	100.00 %	0.00%	0.00%
total sc in %	67 94 %	0.00%	67 94 %	0.00%	0.00 %
Total	21,125,769	0	21,125,769	o	0	21,125,769
Agenda item 4 a Election of a new board of directors: Jean Huby
Ordinær	21,125,769	0	21,125,769	0	0	21,125,769
votes cast in %	100 00 %	0.00%		0.00%
representation of sc in %	100.00%	0.00%	100.00 %	0.00%	$0.00 \%$
total sc in %	67 94 %	0.00%	67 94 %	0.00%	0.00%
Total	21,125,769		$0$ 21,125,769	0	0	21,125,769
Agenda item 4 b Election of a new board of directors: Yasuhiro Matsui
Ordinær	21,125,769	0	21,125,769	0	0	21,125,769
votes cast in %	100 00 %	0.00%		0.00%
representation of sc in %	100 00 %	0.00%	100.00%	0.00%	0.00%
total sc in %	67 94 %	0.00%	67 94 %	0.00%	0.00%
Total	21,125,769		$0$ 21,125,769	$\mathbf o$	0	21,125,769
Agenda item 5 Determination of the remuneration to the board of directors
Ordinær	21,125,769	0	21,125,769	0	0	21,125,769
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00%	0.00%	100.00 %	0.00%	0.00%
total sc in %	67 94 %	0.00%	67 94 %	0.00%	0.00%
Total	21,125,769	$\bullet$	21,125,769	$\mathbf o$	$\mathbf o$	21,125,769

Registrar for the company:

Signature company:

DNB Bank ASA

BW IDEOL AS

Share information

Name	Total number of shares Nominal value Share capital Voting rights
Ordinær	31.093.198	0.10 3.109.319.80 Yes
Sum:

§ 5-17 Generally majority requirement
requires majority of the given votes

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting