Common use of Employees Clause in Contracts

Employees. As of 31 December 2014, our Group employed 2,168 workers (of which approximately 1,380 were dedicated to restocking, providing technical assistance and customer care). Restocking and related logistics represents the function with the highest number of employees, followed by technicians, hardware logistics, sales and finance. The following table shows a breakdown of our Group companies’ employees by category as of the periods indicated. 2013 2014 Executives...................................................................................................................................... 1 2 Managers ....................................................................................................................................... 34 35 Employees ..................................................................................................................................... 514 518 Workers ......................................................................................................................................... 1,478 1,587 Trainees ......................................................................................................................................... 22 26 We conduct our Vending Business and Coin Service Business primarily through the leasing of property and also the ownership of machines (vending machines in the case of Vending Business and coin counting machines in the case of the Coin Service Business). We lease 77 branches in Italy, France, Spain and Switzerland and we have also rented an office in Luxembourg, where the Issuer is incorporated. Our properties are typically leased for fixed period of years. In general our lease agreements are terminable at our option prior to the maturity date, in certain cases with a penalty. In certain instances, our leases are structured as finance leases, granting us the option to purchase the property at the maturity of the lease for a set sum, plus any taxes payable. We believe that our facilities, which are of varying ages and types of construction, are in good condition, are suitable for our operations and generally provide sufficient capacity to meet our requirements for the foreseeable future. With respect to other fixed assets, we own approximately 153,900 vending machines as part of our Vending Business and a fleet of vehicles dedicated to restocking our vending business. For our Coin Service Business, we own and lease machines and other equipment relating to our Coin Service Business with a total value of €1.3 million and €0.9 million, respectively, and as of 31 December 2014. We believe our equipment is in good condition, suitable for our operations and their uses within the Group.

Employees. As of 31 December 20142018, our Group employed 2,168 2,799 workers (of which approximately 1,380 1,862 were dedicated to restocking, providing technical assistance and customer care). Restocking and related logistics represents the function with the highest number of employees, followed by technicians, hardware logistics, sales and finance. The following table shows a breakdown of our Group companies’ employees by category as of the periods indicated. 2013 2014 Executives...................................................................................................................................... 1 2 2017 2018 Executives ................................................................................................................................... 3 3 Managers ..................................................................................................................................... 43 38 Employees ................................................................................................................................... 668 652 Workers....................................................................................................................................... 34 35 Employees ..................................................................................................................................... 514 518 Workers ......................................................................................................................................... 1,478 1,587 Trainees ......................................................................................................................................... 22 26 2,067 2,008 Trainees....................................................................................................................................... 18 5 Total ........................................................................................................................................... 2,799 2,706 We conduct our Vending Business and Coin Service Business primarily through the leasing of property and also the ownership of machines (vending machines in the case of Vending Business and coin counting machines in the case of the Coin Service Business). We lease 77 branches 82 properties in Italy, France, Spain and Switzerland and we have also rented an office in Luxembourg, where the Issuer is incorporated. Our properties are typically leased for fixed period of years. In general general, our lease agreements are terminable at our option prior to the maturity date, in certain cases with a penalty. In certain instances, our leases are structured as finance leases, granting us the option to purchase the property at the maturity of the lease for a set sum, plus any taxes payable. We believe that our facilities, which are of varying ages and types of construction, are in good condition, are suitable for our operations and generally provide sufficient capacity to meet our requirements for the foreseeable future. With respect to other fixed assets, we own approximately 153,900 202,000 vending machines as part of our Vending Business and a fleet of vehicles dedicated to restocking our vending business. For our Coin Service Business, we own and lease machines and other equipment relating to our Coin Service Business with a total value of €1.3 Euro 2.8 million and €0.9 Euro 0.2 million, respectively, and as of 31 December 20142018. We believe our equipment is in good condition, suitable for our operations and their uses within the Group.