1.5. Governance

Governance Principles Of The Legal Entity

Blockchain Valley SAS’ president is BlockchainCompany Ltd., who will be responsible for the general management of the company. One or more general managers may be appointed by collective decisions of the shareholders of the company to assist the president.

Representation of the company

The president and general manager(s) that may be appointed are responsible for the general management of the company. The company is represented with respect to third parties by the president and the general manager(s) that may be appointed in accordance with the provisions of Blockchain Valley SAS articles of association.

In agreement with the president, and by a collective decision, the shareholders may (i) appoint General Manager(s) to assist the president in the context of the general management of the company and (ii) determine the scope and duration of their powers.

Collective Decisions

Collective decisions of the shareholders are binding on the shareholders, even if they are absent or dissenting. Collective decisions result, at the choice of the convener, either from a general meeting, or from a consultation by telephone or video conference, or from a written or electronic consultation, or from the signature by all the shareholders of a unanimous deed under private seal.

Annual collective decision: Each year, within six months of the end of the financial year, the shareholders are called by the president to decide on the accounts of the said financial year and the allocation of the results.