Common use of Resolutions of the shareholders’ meeting Clause in Contracts

Resolutions of the shareholders’ meeting. The Renewal Shareholders Agreement confirms that (i) Pirelli’s technological know-how shall remain in the ownership of Pirelli and shall not be transferred to third parties (except for the licenses granted at arm’s length and for the renewal, extension, amendment and/or review of what already agreed and executed as of October 1, 2017 with respect to the use of said technological know-how in the industrial sector); and (ii) the operating and administrative headquarters of Pirelli shall remain in Milan. The Renewal Shareholders Agreement provides also that the resolutions of the extraordinary shareholders’ meetings of Pirelli relating to Pirelli’s technological know-how and/or the operating and administrative headquarter shall be taken with a majority of 90% of the ordinary share capital.

Resolutions of the shareholders’ meeting. The Renewal Shareholders Agreement confirms once again that (i) Pirelli’s technological know-how shall remain in the ownership of Pirelli and shall not be transferred to third parties (except for the licenses granted at arm’s length and for the renewal, extension, amendment and/or review of what already agreed and executed as of 1 October 12017 and confirmed pursuant to the shareholders agreement entered into on 1 August 2019, 2017 with respect to the use of said technological know-how in the industrial sector); and (ii) the operating and administrative headquarters of Pirelli shall remain in Milan. The In addition, the Renewal Shareholders Agreement provides also once again confirms that the resolutions of the extraordinary shareholders’ meetings of Pirelli relating to Pirelli’s technological know-how and/or the operating and administrative headquarter headquarters shall be taken with a majority of 90% of the ordinary share capital.

Resolutions of the shareholders’ meeting. The Renewal Shareholders Agreement confirms once again that (i) Pirelli’s technological know-how shall remain in the ownership of Pirelli and shall not be transferred to third parties (except for the licenses granted at arm’s length and for the renewal, extension, amendment and/or review of what already agreed and executed as of October 1, 2017 and confirmed pursuant to the shareholders agreement entered into on August 1, 2019, with respect to the use of said technological know-how in the industrial sector); and (ii) the operating and administrative headquarters of Pirelli shall remain in Milan. The Moreover, the Renewal Shareholders Agreement provides also once again the confirmation that the resolutions of the extraordinary shareholders’ meetings of Pirelli relating to Pirelli’s technological know-how and/or the operating and administrative headquarter shall be taken with a majority of 90% of the ordinary share capital.