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HOTARAREA CONSILIULUI DE aDMINISTRATIE AL
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BOARD OF DIRECTORS RESOLUTION OF
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AROBS TRANSILVANIA SOFTWARE S.A.
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AROBS TRANSILVANIA SOFTWARE S.A.
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DIN DATA DE 15 MAI 2026
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DATED 15 MAY 2026
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Consiliul de administratie al Arobs Transilvania Software S.A., o societate pe actiuni infiintata si functionand in conformitate cu legile din Romania, inregistrata la Registrul Comertului sub nr. J1998001845122, cod unic de identificare (CUI) 11291045, EUID ROONRC.J1998001845122, avand sediul social in Municipiul Cluj-Napoca, Str. Donath, Nr. 11, Bloc M4, Scara 2, Etaj 3, Apartament 28, Judet Cluj (Societatea), respectiv:
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The Board of Directors of Arobs Transilvania Software S.A., a joint stock company incorporated and existing under the laws of Romania, registered with the Trade Registry under no. J1998001845122, sole identification code (CUI) 11291045, EUID ROONRC.J1998001845122, having its registered office in Cluj‑Napoca Municipality, 11 Donath Street, Building M4, Staircase 2, 3rd Floor, Apartment 28, Cluj County (the Company), respectively:
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(1) Voicu Oprean, [date cu caracter personal], avand calitatea de presedinte al Consiliului de Administratie;
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(1) Voicu Oprean, [personal data], acting in his capacity as Chairman of the Board of Directors;
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(2) Razvan-Florin Olosu-Ittu, [date cu caracter personal], avand calitatea de membru al Consiliului de Administratie;
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(2) Razvan-Florin Olosu-Ittu, [personal data], acting in his capacity as member of the Board of Directors;
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(3) Cleja Mihaela-Stela, [date cu caracter personal], avand calitatea de membru al Consiliului de Administratie;
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(3) Cleja Mihaela‑Stela, [personal data], acting in her capacity as member of the Board of Directors;
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(4) Aurelian-Calin Deaconu [date cu caracter personal], avand calitatea de membru al Consiliului de Administratie; si
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(4) Aurelian‑Calin Deaconu, [personal data], acting in his capacity as member of the Board of Directors; and
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(5) Ioan-Alin Nistor [date cu caracter personal], avand calitatea de membru al Consiliului de Administratie,
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(5) Ioan‑Alin Nistor, [personal data], acting in his capacity as member of the Board of Directors,
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AVAND IN VEDERE FAPTUL CA:
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WHEREAS:
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(A) Prin Hotararea Adunarii Generale Extraordinare a Actionarilor Societatii nr. 3 din data de 29.09.2023 s-a aprobat delegarea atributiilor Adunarii Generale Extraordinare a Actionarilor de majorare a capitalului social al Societatii catre Consiliul de Administratie cu posibilitatea ridicarii sau restrangerii dreptului de preferinta al actionarilor;
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(A) Pursuant to the Extraordinary General Meeting of Shareholders’ Resolution of Company no. 3 dated 29.09.2023, it was approved the delegation to the Board of Directors of the powers of the Extraordinary General Meeting of Shareholders to increase the share capital of the Company, with the possibility of waiver or restriction of the shareholders’ pre‑emptive rights;
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(B) Ca efect al hotararii mentionate anterior, art. 9.1(iii) din actul constitutiv al Societatii a fost actualizat, pentru a reflecta delegarea catre Consiliul de Administratie a atributiilor privind hotararea majorarii capitalului social al Societatii, cu posibilitatea ridicarii sau restrangerii dreptului de preferinta al actionarilor;
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(B) As a result of the above‑mentioned resolution, Article 9.1 (iii) of the Company’s articles of association was updated in order to reflect the delegation to the Board of Directors of the powers to resolve upon the increase of the Company’s share capital, with the possibility of waiver or restriction of the shareholders’ pre‑emptive rights;
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(C) Obligatia de plata a pretului nascuta in sarcina Societatii in urma incheierii (i) contractului si planului de fuziune din data de 15 mai 2026, intre Societate (in calitate de societate-mama), AROBS N.A., o societate constituita in conformitate cu legile din statul Delaware si filiala detinuta integral de Societate, Codingscape Holdco LLC, o societate cu raspundere limitata constituita in conformitate cu legile din statul Nevada, Codingscape Midco LLC, o societate cu raspundere limitata constituita in conformitate cu legile din statul Nevada, dizolvata de drept, si fiecare dintre Pawel Szymczykowski, James Jacobson, Kimberly Sullivan si Porter Haney (in nume propriu), precum si Porter Haney, in calitatea sa de reprezentant, avand drept obiect fuziunea prin absorbtie dintre AROBS N.A. (in calitate de societate absorbanta) si Codingscape Holdco LLC (in calitate de societate absorbita) si dobandirea de catre Societate de actiuni suplimentare in AROBS N.A. ca urmare a fuziunii, de la fiecare dintre Pawel Szymczykowski, James Jacobson, Kimberly Sullivan si Porter Haney („Contractul de Fuziune”); (ii) contractului suplimentar de cumparare actiuni din data de 15 mai 2026, incheiat intre Societate (in calitate de societate-mama si cumparator), AROBS N.A. (in calitate de cumparator) si Kimberly Sullivan (in calitate de vanzator), avand drept obiect 56.760 actiuni de Clasa B in societatea Codingscape by AROBS LLC, o societate cu raspundere limitata constituita in conformitate cu legile din statul Delaware („Contractul de Transfer”); si (iii) a contractului de subscriere din data de 15 mai 2026, incheiat intre Societate si fiecare dintre Pawel Szymczykowski, James Jacobson, Kimberly Sullivan si Porter Haney, privind compensarea obligatiei de plata nascuta conform Contractului de Fuziune si a Contractului de Transfer („Obligatia”) in cadrul Majorarii de Capital Social (astfel cum este definit acest termen mai jos) („Contractul de Subscriere”);
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(C) The payment obligation incumbent upon the Company as the result of the execution of (i) the agreement and plan of merger dated 15 May 2026, among the Company (as parent), AROBS N.A., a Delaware corporation and wholly owned subsidiary of the Company, Codingscape Holdco LLC, a Nevada limited liability company, Codingscape Midco LLC, a statutorily dissolved Nevada limited liability company, and each of Pawel Szymczykowski, James Jacobson, Kimberly Sullivan and Porter Haney (individuals, acting for themselves), as well as Porter Haney, in his capacity as representative, having as object the merger by absorption between AROBS N.A. (as the absorbing company) and Codingscape Holdco LLC (as the absorbed company) and the acquisition by the Company of additional shares in AROBS N.A. as a result of the merger, from each of Pawel Szymczykowski, James Jacobson, Kimberly Sullivan and Porter Haney (the "Merger Agreement"); (ii) the secondary transfer agreement dated 15 May 2026, entered into among the Company (as parent and purchaser), AROBS N.A. (as purchaser) and Kimberly Sullivan (as seller), having as its object 56,760 Class B shares in Codingscape by AROBS LLC, a Delaware limited liability company (the “Transfer Agreement”); and (iii) the subscription agreement dated May 2026, entered into among the Company and each of Pawel Szymczykowski, James Jacobson, Kimberly Sullivan and Porter Haney, regarding the settlement of the payment obligation according to the Merger Agreement and the Transfer Agreement (the “Obligation”) in the context of the Share Capital Increase (as such term is defined below) (the “Subscription Agreement”);
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(D) CONTRADICTION TEAM S.R.L., in calitate de expert contabil a intocmit un raport care atesta faptul ca Obligatia este certa, lichida si exigibila la data de 15 mai 2026;
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(D) CONTRADICTION TEAM S.R.L., as accounting expert, has prepared a report, attesting that the Obligation is due, liquid and payable on 15 May 2026;
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(E) Consiliul de Administratie al Societatii si Societatea doresc compensarea Obligatiei cu actiuni noi emise in capitalul social al Societatii, conform prevederilor art. 210 alin. (2) din Legea Societatilor nr. 31/1990 (Legea Societatilor) si ale art. 86 alin. (2) si alin. (3) din Legea 24/2017 privind emitentii de instrumente financiare si operatiuni de piata (Legea nr. 24/2017); si
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(E) The Board of Directors of the Company and the Company intend to settle the Obligation in exchange for newly issued shares in the share capital of the Company according to the provisions of art. 210 para. (2) of Companies Law no. 31/1990 (Companies Law) and art. 86 para. (2) and para. (3) of Law no. 24/2017 on issuers of financial instruments and market operations (the Law no. 24/2017); and
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(F) Consiliul de Administratie a aprobat la data de 5 mai 2026 o majorare de capital social cu ridicarea dreptului de preferinta al actionarilor existenti, cu suma de 2.506.671,5 RON (valoare nominala), prin emisiunea unui numar de 25.066.715 actiuni noi cu o valoare nominala de 0,1 RON per actiune si o valoare nominala totala de 2.506.671,5 RON, prin compensarea sumei de 16.521.471,8565 RON, rezultand dintr-o creanta, certificata ca certa, lichida si exigibila la data de 5 mai 2026, in conformitate cu art. 210 alin. (2) din Legea Societatilor si art. 86 alin. (2) si alin. (3) din din Legea nr. 24/2017.
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(F) The Board of Directors approved on 5 May 2026 the increase of the share capital of the Company, with the disapplication of the preference right of existing shareholders, with the amount of RON 2,506,671.5 (nominal value) by issuance of 25,066,715 new shares having a nominal value of RON 0.1 per share and a total nominal value of RON 2,506,671.5, by way of set-off of the amount of RON 16,521,471.8565, resulting from a receivable, certified as certain, liquid and due as at 5 May 2026, in accordance with art. 210 para. (2) of Companies Law and Article 86 para. (2) and para. (3) of Law no. 24/2017.
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PRIN PREZENTA A HOTARAT URMATOARELE:
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HAS HEREBY DECIDED AS FOLLOWS:
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1. MAJORAREA CAPITALULUI SOCIAL
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1. SHARE CAPITAL INCREASE
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1.1 Consiliul de Administratie aproba prin prezenta majorarea capitalului social al Societatii, cu ridicarea dreptului de preferinta al actionarilor existenti, cu suma de 3.248.144,80 RON (valoare nominala) („Majorarea Capitalului Social”), prin emisiunea unui numar de 32.481.448 actiuni noi cu o valoare nominala de 0,1 RON per actiune si o valoare nominala totala de 3.248.144,8 RON („Actiunile Noi”), prin compensarea in cadrul Majorarii de Capital Social a sumei de 21.778.810,884 RON, rezultand din Obligatie, certificata ca certa, lichida si exigibila la data de 15 mai 2026, in conformitate cu art. 210 alin. (2) din Legea Societatilor si art. 86 alin. (2) si alin. (3) din din Legea nr. 24/2017.
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1.1 The Board of Directors hereby approves the increase of the share capital of the Company, with the disapplication of the preference right of existing shareholders, with the amount of RON 3,248,144.80 (nominal value) (the “Share Capital Increase”), by issuance of 32,481,448 new shares having a nominal value of RON 0.1 per share and a total nominal value of RON 3,248,144.8 (the “New Shares”), by way of set-off of the amount of RON 21,778,810.884 resulting from the Obligation, certified as certain, liquid and due as at 15 May 2026, in accordance with art. 210 para. (2) of Companies Law and Article 86 para. (2) and para. (3) of Law no. 24/2017.
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1.2 Valoarea pentru o (1) Actiune Noua va fi de 0,6705 RON, stabilita in conformitate cu prevederile art. 87-88 din Legea nr. 24/2017 si art. 174 din Regulamentul ASF nr. 5/2018 privind emitentii de instrumente financiare si operatiuni de piata, cu modificarile si completarile ulterioare („Regulamentul 5/2018”), reprezentand pretul mediu ponderat de tranzactionare, aferent ultimelor 12 luni anterioare datei prezentei decizii.
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1.2 The value of one (1) New Share shall be RON 0.6705, determined in accordance with the provisions of Articles 87–88 of Law no. 24/2017 and Article 174 of FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, as subsequently amended and supplemented („Regulation 5/2018”), representing the weighted average trading price for the 12 months period prior to the date of this decision.
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1.3 Diferenta dintre valoarea per actiune pentru o Actiune Noua si valoarea nominala a unei Actiuni Noi (i.e., 0,5705 RON) va reprezenta prima de emisiune.
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1.3 The difference between the value per share for a New Share and the nominal value of a New Share (i.e., RON 0.5705) shall represent share premium.
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1.4 Actiunile eliberate in urma majorarii de capital social, in numar de 32.481.448 Actiuni Noi, cu o valoare nominala de 0,1 RON/ actiune, vor fi alocate detinatorilor Obligatiei convertite, in proportiile prevazute de Contractul de Subscriere.
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1.4 The shares issued as a result of the share capital increase, amounting to 32,481,448 New Shares, having a nominal value of RON 0.1 per share, shall be allocated to the holders of the converted Obligation, in the proportions included in the Subscription Agreement.
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1.5 Capitalul social al Societatii este astfel majorat de la valoarea nominala de 107.061.904,5 RON la valoarea nominala de 110.310.049,3 RON (avand in vedere majorarea de capital social la care se face referire in preambulul (F), prin care capitalul social al Societatii a fost majorat de la valoarea nominala de 104.555.233 RON la valoarea nominala de 107.061.904,5 RON), prin emiterea unui numar de 32.481.448 actiuni noi cu o valoare nominala de 0,1 RON per actiune si o valoare nominala totala de 3.248.144,8 RON. Prima de emisiune este 18.530.666,084 RON, determinata ca diferenta intre valoarea totala a Actiunilor Noi (i.e., 21.778.810,884 RON) si valoarea nominala a Actiunilor Noi (i.e., 3.248.144,8 RON).
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1.5 The share capital of the Company is thus increased from the nominal value of RON 107,061,904.5 to the nominal value of RON 110,310,049.3 (taking into account the share capital increase referred in recital (F), pursuant to which the share capital of the Company has been increased from the nominal value of RON 104,555,233 to the nominal value of RON 107,061,904.5), by issuing a number of 32,481,448 new shares with a nominal value of RON 0.1 per share and a total nominal value of RON 3,248,144.8. The share premium is RON 18,530,666.084, determined as the difference between the total value of the New Shares (i.e., RON 21,778,810.884) and the nominal value of the New Shares (i.e., RON 3,248,144.8).
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1.6 Atat valoarea nominala a Actiunilor Noi (i.e., 3.248.144,8 RON), cat si prima de emisiune (i.e., 18.530.666,084) au fost acoperite de catre Societate si inregistrate in contabilitate in conformitate cu cerintele IFRS aplicabile.
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1.6 Both the nominal value of the New Shares (i.e., RON 3,248,144.8) and the share premium (i.e., RON 18,530,666.084) were covered by the Company and registered in its accounts in compliance with the applicable IFRS requirements.
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1.7 Consiliul de Administratie stabileste urmatoarele date:
· 29 iunie 2026 ca data de inregistrare pentru identificarea actionarilor asupra carora se rasfrang efectele prezentei decizii, in conformitate cu prevederile art. 87 alin. (1) din Legea nr. 24/2017; si
· 30 iunie 2026 – ca data a platii, si anume data la care actiunile aratate la pct. 1.4 de mai sus vor fi disponibile in contul detinatorilor Obligatiei convertite.
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1.7 The Board of Directors sets the following dates:
· 29 June 2026 as registration date, identifying the shareholders who will benefit from the effects of the resolutions adopted hereby, in accordance with the provisions of Article 87 paragraph (1) of Law no. 24/2017; and
· 30 June 2026 as payment date, namely the date on which the shares referred to under item 1.4 above shall become available in the account of the holders of the converted Obligation.
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2. MODIFICAREA ACTULUI CONSTITUTIV
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2. UPDATE OF THE ARTICLES OF ASSOCIATION
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2.1 Consiliul de Administratie aproba si confirma, prin prezenta, modificarea Actului Constitutiv al Societatii, dupa cum urmeaza:
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2.1 The Board of Directors hereby approves and confirms the amendment of the Company’s Articles of Association, as follows:
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Articolul 6 se modifica dupa cum urmeaza:
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Article 6 shall be amended as follows:
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„6.1 Capitalul social este exprimat in RON. Capitalul social total este de 110.310.049,3 RON, fiind subscris si varsat in totalitate.
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”6.1 The share capital is denominated in RON. The Company’s total share capital amounts to RON 110,310,049.3, fully subscribed and fully paid.
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6.2 Capitalul social total este impartit in 1.103.100.493 actiuni nominative, ordinare si in forma dematerializata, fiecare avand o valoare nominala de 0,1 RON.
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6.2 The total share capital is divided into 1,103,100,493 registered, ordinary, dematerialised shares, each having a nominal value of RON 0.1.
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6.3 Orice bunuri care reprezinta aport in natura la capitalul social, inclusiv proprietatea intelectuala, devin proprietatea Societatii.”
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6.3 Any assets representing contributions in kind to the share capital, including intellectual property, shall become the property of the Company.”
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3. IMPUTERNICIRE
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3. POWER OF ATTORNEY
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3.1 Consiliul de Administratie aproba imputernicirea dlui Voicu Oprean, in calitate de Director General, sa efectueze toate formalitatile legale ce se impun si sa semneze toate documentele necesare (inclusiv semnarea Actului Constitutiv actualizat), inclusiv sa imputerniceasca terte persoane, in vederea indeplinirii prezentei decizii, semnatura acestuia angajand in mod valabil Societatea.
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3.1 The Board of Directors hereby authorises Mr. Voicu Oprean, in his capacity as CEO, to perform all legal formalities and to execute all documents required for the implementation of this resolution (including the execution of the updated Articles of Association), including the right to delegate such powers to third parties, his signature being binding upon and mandatory for the Company.
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Prezenta decizie a fost semnata in trei (3) exemplare originale in versiune bilingva, in limba romana si limba engleza. In cazul in care apar discrepante intre versiunea in limba romana si cea in limba engleza a prezentei decizii, versiunea in limba romana va prevala.
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This resolution was executed in three (3) originals in Romanian and English language. Should any discrepancies arise between the Romanian version and the English version of this resolution, the Romanian version shall prevail.
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