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Articles Of Association

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Below is a summary of provisions of the Articles of Association:

Objective of the Company
The Company's object is to make investments through equity and debt transactions, and to operate as a holding company, as well as everything related with this.

Registered office
The Company's registered office is in the municipality of Oslo

Share capital and nominal value
The share capital of the Company is NOK 1,036,610 divided into 20,732,200 Shares, each with a nominal value of NOK 0.05. The Company's Shares shall be registered in a central securities depository.

Transfer of shares
Acquisitions of Shares in the Company shall not require the consent of the Company. The shareholders do not have pre-emptive rights upon any change of ownership of Shares in the Company, cf. section 4-19 to 4-23 of the Private Limited Liability Companies Act.

Board of Directors
The Board of Directors of the Company shall consist of at least three members.

Signatory rights
The authority to sign on behalf of the Company is held by two board members jointly.

General meeting
The annual general meeting of the Company shall discuss and decide upon the following:
1. Approval of the annual accounts and annual report;
2. Use of profit or coverage of losses in accordance with the stipulated balance sheet, as well as distribution of dividends; and
3. Other matters that according to law or the articles of association are to be decided upon by the general meeting.

If documents relating to matters to be considered at general meetings of the Company have been made available to the shareholders on the Company's website, the Board of Directors may decide that such documents shall not be sent to the shareholders. This also applies to documents which to law must be included in or attached to notices of general meetings. A shareholder may demand to be sent documents relating to matters to be considered at the general meeting. The company may not claim any kind of compensation for sending such documents to the shareholders.

Shareholders may cast prior written votes on matters to be considered at general meetings of the Company. Such votes may also be casted by electronic communication. The right to vote in advance is conditional upon the existence of a reassuring method for authenticating the sender. The Board of Directors decides in advance of the relevant general meeting whether such method applies. The Board of Directors may prepare more detailed guidelines for written votes which are casted in advance. It shall be stated in the notice to the general meeting whether access to advance voting has been granted and what guidelines have been set out for such voting.