INVL Technology — AGM Information 2014

Dec 24, 2014

PRIVATE JOINT-STOCK COMPANY BAIP GRUPĖ

Code 300893533 Registered office address A. Juozapavičiaus g. 6, Vilnius city, Vilnius city district Data about the company is collected and stored in the Register of Legal Entities

SHAREHOLDERS DECISION

Vilnius, fifth of december year two thousand and fourteen

Private joint-stock company BAIP grupė, company code 300893533, registered address A. Juozapavičiaus g. 6, Vilnius city, Vilnius city district (hereinafter referred as the company), registered authorized capital – 5 000 000 (five million) litas. Authorized capital is divided to 5 000 000 (five million) ordinary registered shares with nominal value of 1 (one) litas each. All shares are fully paid up. Each fully paid up share with nominal values of 1 (one) litas grants one vote during the general meeting of shareholders.

All private joint-stock company BAIP grupė shares belong to:

• 1) Public joint-stock company "INVL Technology" 4 000 000 (four million) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 80 per cent of all issued shares and voting rights of the company;
• 2) Kazimieras Tonkūnas 401 614 (four hunderd one thousand six hunderd fourteen) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 8.03 per cent of all issued shares and voting rights of the company;
• 3) Rokas Ralys 98 387 (ninety eight thousand three hundred seven) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 1.97 per cent of all issued shares and voting rights of the company;
• 4) Marius Leščinskas 112 903 (one hundred twelwe thousand nine hundred three) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 2.26 per cent of all issued shares and voting rights of the company;
• 5) Artūras Milašauskas 112 903 (one hundred twelwe thousand nine hundred three) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 2.26 per cent of all issued shares and voting rights of the company;
• 6) Gytis Umantas 112 903 (one hundred twelwe thousand nine hundred three) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 2.26 per cent of all issued shares and voting rights of the company;
• 7) Tomas Šeikus 48 387 (fourty eight thousand three hundred eighty seven) 112 903 (one hundred twelwe thousand nine hundred three) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 0.96 per cent of all issued shares and voting rights of the company;
• 8) Vida Juozapavičienė 112 903 (one hundred twelwe thousand nine hundred three) ordinary registered private joint-stock company BAIP grupė shares, which amounts to 2.26 per cent of all issued shares and voting rights of the company.

Above mentioned shareholders jointly have 5 000 000 (five million) ordinary registered private joint-stock company BAIP grupė shares, providing 100 per cent of all votes during the general meeting of shareholders.

Taking into account paragraph 1 of Article 29 of the Law on Companies of the Republic of Lithuania, this shareholders decision signed by all the company shareholders equals to UAB BAIP grupė shareholders decision, and minutes of the general shareholders meeting are not taken.

Extract from private joint-stock company BAIP grupe shareholders decision dated 5 December 2014

Taking into account mentioned above and provisions of the Law on Companies of the Republic of Lithuania, SHAREHOLDERS DECIDE:

5. REGARDING APPROVAL OF PUBLIC JOINT-STOCK COMPANY BAIP GRUPĖ PARTICIPATION IN THE REORGANIZATION

To approve participation of the acting after transformation to a public-joint stock company BAIP grupė in the reorganization by way of merger, merging to the public joint stock company INVL Technology. To authorize the Board of public joint-stock company BAIP grupe to prepare and announce the reorganization terms according to the laws.

Private joint-stock company BAIP grupė shareholders:

Public joint-stock company "INVL Technology", represented by director Darius Šulnis

Kazimieras Tonkūnas

Rokas Ralys

Marius Leščinskas

Artūras Milašauskas

Gytis Umantas

Tomas Šeikus

Vida Juozapavičienė