Monday, 3 November 2014

Election of the Board of Directors of the Company.

Members of the Board of Directors are elected by the general meeting of shareholders in the

manner prescribed by this Charter of the Company, for a term until the next annual general

meeting of shareholders.

If the annual general shareholders' meeting is not held within the time limits established by this

charter, the powers of the Board of Directors of the Company shall terminate, except for the

authority to prepare, convene and hold an annual general meeting of shareholders.

Persons elected to the Board of Directors may be re-elected an unlimited number of times.

By decision of the General Meeting of Shareholders, the powers of any member (all members) of

the Board of Directors of the Company may be terminated early.

Member of the Board of Directors of the Company may only be a natural person. Member of the

Board of Directors of the Company may not be a shareholder of the Company.

The person performing the functions of the sole executive body, can not simultaneously be the

Chairman of the Board of Directors of the Company.

The Board of Directors shall be determined by resolution of the general meeting of shareholders

and is not less than 5 members.

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