S C Sinteza S A : Proiect Hotarare AGEA le

SC " SINTEZA" SA

ORADEA, SOS.BORŞULUI No. 35,

Tax ID no. 67329 - J. 05/ 197/ 1991

DRAFT RESOLUTION

The Extraordinary General Meeting of Shareholders legally convened, held on April 21/22, 2021, at 13.00, with the participation of a percentage of _________% of the share capital, decides the following:

1. The Decision of the Board of Directors of 02.02.2021 is ratified, which has the following content

"1. Extension by 12 months of the Guarantee Letter Ceiling in the amount of EUR 530,000 granted by Banca Transilvania, issued in favor of NIS;

2. Extension by 12 months of the Ceiling for issuing Letters of Guarantee in the amount of USD 600,000 granted by Banca Transilvania and its possible supplement up to the amount of USD 700,000, in order to insure the currency risk, according to the negotiations with BT;

Conversion of the ceiling from USD to EUR according to negotiations with BT;

3. The maintenance of the guarantees constitutes in favor of Banca Transilvania, respectively

- Real estate mortgages on land and constructions, located in Oradea, Borsului sauce no. 35, registered in CF no. 204333 and CF no. 204334 Oradea;

- Movable mortgage on accounts opened at Banca Transilvania;

4. Empowerment of the General Manager of the company, Mr. STOIA TUDOR-IOAN, to represent the company, to sign the contracts for the extension of the Ceiling Letters of Guarantee, the guarantee contracts, all the legal acts and the necessary documents in order to fulfill the ones decided in points 1-3; "

2. The date of 13.05.2021 is approved as the date of registration and the establishment of the date of 12.05.2021 as ex-date;

On the grounds of the present resolution one shall fulfil all the legal formalities related to publicity and registration of the corresponding mentions at the Trade Register Office, by the care of the company's Board of Directors.

CHAIRMAN OF THE BOARD,

Alexandru Savin