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

Resolutions of the shareholders’ meeting. The New Shareholders Agreement provides 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 New Shareholders Agreement provides 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. Each of the above-mentioned provisions shall be reflected (as they were already reflected) in the by-laws of Pirelli, which has become effective as of the Date of Completion of the IPO.