Common use of Resolution Clause in Contracts

Resolution. 1.1 On 23 July 2021, the general meeting of XxxXxxx Xxxxxx A/S (the ”Company”) decided to authorize the Company’s board of directors to – in one or more tranches - issue warrants. Please refer to article 6.5 of the articles of associa- tion. 1.2 On 5 October 2021, the board of direc- tors decided to partly exercise the au- thorization by deciding to issue 2,207,399.00 warrants (“Warrants”), each carrying the right to subscribe for 1 share of a nominal value of DKK 0.0375. The board of directors simulta- neously made a resolution on the re- lated capital increase. 1.3 The Company's shareholders do not have any pre-emption right to subscribe for the Warrants that are issued in fa- vour of thirteen (13) pre-determined in- vestors (the “Warrant Holders”). 1.4 To the extent that the Warrants are ex- ercised, the Warrants shall entitle the Warrant Holders to subscribe for up to a total of nominally DKK 82,777.4625 shares in the Company. Kolding Copenhagen Hamburg Flensburg 1.5 Bestyrelsen har som led i ovennævnte beslutning fastsat de i dette bilag an- førte vilkår for tegning og udnyttelse af de udstedte Warrants samt for den dertil hørende kapitalforhøjelse.