<SEC-DOCUMENT>0001213900-20-011531.txt : 20200511
<SEC-HEADER>0001213900-20-011531.hdr.sgml : 20200511
<ACCEPTANCE-DATETIME>20200511060956
ACCESSION NUMBER:		0001213900-20-011531
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20200511
DATE AS OF CHANGE:		20200511
GROUP MEMBERS:		DANIEL KRETINSKY
GROUP MEMBERS:		EP INVESTMENT S.A R.L.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Macy's, Inc.
		CENTRAL INDEX KEY:			0000794367
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DEPARTMENT STORES [5311]
		IRS NUMBER:				133324058
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-55193
		FILM NUMBER:		20862463

	BUSINESS ADDRESS:	
		STREET 1:		151 WEST 34TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		5135797585

	MAIL ADDRESS:	
		STREET 1:		151 WEST 34TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FEDERATED DEPARTMENT STORES INC /DE/
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	R H MACY & CO INC
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MACY ACQUIRING CORP
		DATE OF NAME CHANGE:	19861124

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vesa Equity Investment S.a r.l.
		CENTRAL INDEX KEY:			0001810554
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		39 AVENUE JOHN F. KENNEDY
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1855
		BUSINESS PHONE:		420 232 005 115

	MAIL ADDRESS:	
		STREET 1:		39 AVENUE JOHN F. KENNEDY
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1855
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>ea121572sc13d-vesa_macysinc.htm
<DESCRIPTION>SCHEDULE 13D
<TEXT>
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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under the Securities Exchange Act of
1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. )*</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt; font-size: 10pt; text-align: center"><B>MACY&rsquo;S, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Name of Issuer)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Common Stock, par value $0.01 per share</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Title of Class of Securities)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>55616P104</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(CUSIP Number)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>c/o Jan Bilek</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> Marek Spurny</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Parizska 26</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Prague 110 00</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Czech Republic</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tel: (+420) 232-005-200</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>With copies to:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Colin Diamond<BR>
        Chang-Do Gong</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>White &amp; Case LLP</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1221 Avenue of the Americas</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10020-1095</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>+1 (212) 819 8200</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name, Address and Telephone Number of Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Authorized to Receive Notices and Communications)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>May 1, 2020</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Date of Event which Requires Filing of this Statement)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &sect;&sect;240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note</B>: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See &sect;240.13d-7 for other parties to whom copies are
to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><SUP>*</SUP></TD><TD>The remainder of this cover page shall be filled out
for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required on the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended
(&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CUSIP No. 55616P104</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="4" STYLE="border-top: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.75pt 3.75pt; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>1</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>NAMES OF REPORTING PERSONS</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding: 0.75pt 3.75pt 0.25pt 3.25pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Vesa Equity Investment S.<FONT STYLE="background-color: white">&agrave;</FONT> r.l.</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>3</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>4</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOURCE OF FUNDS (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">BK,
    WC, AF</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>5</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>6</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Luxembourg</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="12" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 14%"><FONT STYLE="font-size: 10pt"><B>NUMBER OF <BR>
SHARES<BR>
BENEFICIALLY OWNED<BR>
BY EACH <BR>
REPORTING<BR>
PERSON WITH</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>7</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 69%"><FONT STYLE="font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>8</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>9</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>10</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>11</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>12</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>13</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">5.0%*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>14</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">CO</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">*</FONT></TD><TD><FONT STYLE="font-size: 10pt">This percentage is calculated
based on 309,645,426 shares of common stock of the Issuer outstanding as of February 29, 2020, as set forth in the Issuer&rsquo;s
annual report on Form 10-K filed with the SEC on March 30, 2020.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CUSIP No. 55616P104</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="4" STYLE="border-top: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.75pt 3.75pt; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>1</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>NAMES OF REPORTING PERSONS</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding: 0.75pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">EP Investment S.<FONT STYLE="background-color: white">&agrave;</FONT> r.l.</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>3</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>4</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOURCE OF FUNDS (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">AF</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>5</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>6</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Luxembourg</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="12" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 14%"><FONT STYLE="font-size: 10pt"><B>NUMBER OF<BR>
 SHARES<BR>
BENEFICIALLY<BR>
 OWNED<BR>
BY EACH<BR>
 REPORTING<BR>
PERSON WITH</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>7</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 69%"><FONT STYLE="font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>8</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>9</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>10</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>11</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>12</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>13</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">5.0%**</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>14</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">CO</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">*</FONT></TD><TD><FONT STYLE="font-size: 10pt">Consists of 15,536,538
shares of common stock of the Issuer held of record by Vesa Equity Investment S.<FONT STYLE="background-color: white">&agrave;
</FONT>r.l. See Item 2 of the Schedule 13D for information on the reporting person&rsquo;s indirect beneficial ownership of the
common stock.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">**</FONT></TD><TD><FONT STYLE="font-size: 10pt">This percentage is calculated
based on 309,645,426 shares of common stock of the Issuer outstanding as of February 29, 2020, as set forth in the Issuer&rsquo;s
annual report on Form 10-K filed with the SEC on March 30, 2020.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CUSIP No. 55616P104</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="4" STYLE="border-top: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.75pt 3.75pt; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>1</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>NAMES OF REPORTING PERSONS</B></FONT></TD>
    <TD STYLE="border-top: black 1.5pt solid; padding: 0.75pt 3.25pt 0.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding: 0.75pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Daniel K&#345;et&iacute;nsk&yacute;</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>3</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>4</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOURCE OF FUNDS (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">AF</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>5</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>6</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Czech Republic</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="12" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 14%"><FONT STYLE="font-size: 10pt"><B>NUMBER OF<BR>
 SHARES<BR>
BENEFICIALLY OWNED<BR>
BY EACH REPORTING<BR>
PERSON WITH</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>7</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 69%"><FONT STYLE="font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>8</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>9</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>10</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center; width: 7%"><FONT STYLE="font-size: 10pt"><B>11</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt; width: 83%"><FONT STYLE="font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt; width: 5%">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">15,536,538*</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>12</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1.5pt solid; padding: 0.25pt 2.75pt 0.25pt 1.25pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>13</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">5.0%**</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt 3.75pt; border-bottom: black 1.5pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>14</B></FONT></TD>
    <TD STYLE="border-left: black 1.5pt solid; padding: 0.25pt 3.25pt 0.25pt 3.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</B></FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-left: black 1.5pt solid; padding: 0.25pt 1.25pt 0.75pt 2.75pt; border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">IN</FONT></TD>
    <TD STYLE="padding: 0.25pt 3.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: black 1.5pt solid; padding: 0.25pt 3.75pt 0.25pt 3.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding: 0.25pt 3.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid; padding: 0.25pt 3.75pt 0.75pt 3.25pt; border-right: black 1.5pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">*</FONT></TD><TD><FONT STYLE="font-size: 10pt">Consists of 15,536,538
shares of common stock of the Issuer held of record by Vesa Equity Investment S.<FONT STYLE="background-color: white">&agrave;
</FONT>r.l. See Item 2 of the Schedule 13D for information on the reporting person&rsquo;s indirect beneficial ownership of the
common stock.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">**</FONT></TD><TD><FONT STYLE="font-size: 10pt">This percentage is calculated
based on 309,645,426 shares of common stock of the Issuer outstanding as of February 29, 2020, as set forth in the Issuer&rsquo;s
annual report on Form 10-K filed with the SEC on March 30, 2020.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1. Security and Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This report on Schedule 13D (the &ldquo;Schedule 13D&rdquo;)
relates to the common stock, par value $0.01 per share (the &ldquo;Common Stock&rdquo;) of Macy&rsquo;s, Inc., a corporation organized
under the laws of the State of Delaware (the &ldquo;Issuer&rdquo;). The address of the principal executive offices of the Issuer
is 151 West 34th Street, New York, New York 10001.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2. Identity and Background.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) <B><I>Reporting Persons</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Schedule 13D is being filed jointly by (i) Vesa Equity
Investment S.<FONT STYLE="background-color: white">&agrave;</FONT> r.l., a company organized and existing under the laws of Luxembourg (&ldquo;Vesa Equity&rdquo;), (ii) EP Investment S.&agrave;
r.l. , a company organized and existing under the laws of Luxembourg (&ldquo;EP Investment&rdquo;), and (iii) Daniel K&#345;et&iacute;nsk&yacute;
(each a &ldquo;Reporting Person&rdquo; and, collectively, the &ldquo;Reporting Persons&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Reporting Persons have signed a joint filing agreement pursuant
to Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, which is filed as Exhibit 99.4 hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The principal shareholder of Vesa Equity is EP Investment, which
is ultimately beneficially owned by Daniel K&#345;et&iacute;nsk&yacute;. Information regarding the directors, executive officers
and principal shareholders of Vesa Equity and EP Investment is set forth in the table below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Covered Persons</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The directors and executive officers of Vesa Equity and EP Investment
(each a &ldquo;Covered Person&rdquo; and, collectively, the &ldquo;Covered Persons&rdquo;) are set forth below. The name, present
principal occupation, principal business address, and country of citizenship of each of the Covered Persons is set forth below,
along with the principal business address of the employer of each of the Covered Persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 16%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 22%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Principal Business<BR>
Address of Employer</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 35%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Present Principal Occupation or<BR>
 Employment</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 21%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Citizenship</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Daniel K&#345;et&iacute;nsk&yacute;</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Parizska 26, Prague 110 00, Czech Republic</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Director of EP Investment S.a r.l.; Chairman of the Board of Directors of Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Czech Republic</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Marek Spurn&yacute;</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Parizska 26, Prague 110 00, Czech Republic</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Director of EP Investment S.a r.l.; Director of VESA Equity Investment S.a r.l.; Director and General Counsel of Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Czech Republic</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pavel Horsk&yacute;</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Parizska 26, Prague 110 00, Czech Republic</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Director of VESA Equity Investment S.a r.l.; Director and Chief Financial Officer of Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Czech Republic</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Pascal Leclerc</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">c/o Vesa Equity Investment S.&agrave; r.l., 39 Avenue John F Kennedy, Luxembourg</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Director of Vesa Equity Investment S.a r.l.; Director of EP Investment S.a r.l. </FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">France</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Marc Molitor</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">c/o Vesa Equity Investment S.&agrave; r.l., 39 Avenue John F Kennedy, Luxembourg</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Director of Vesa Equity Investment &nbsp;S.a r.l.; Director of EP Investment S.a r.l.</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Luxembourg</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b) The address of the principal office of each of Vesa Equity
and EP Investment is 39 Avenue John F. Kennedy, L-1855, Luxembourg, Luxembourg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The address of the principal office of Daniel K&#345;et&iacute;nsk&yacute;
is Parizska 26, 110 00 Prague, Czech Republic.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The principal business occupation or employment of each of the
Covered Persons and the name, principal business and address of the organizations in which such occupation is conducted is set
forth in the table in Item 2(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Vesa Equity is engaged in investing in listed companies.
EP Investment is engaged in investing in listed and non-listed companies. The present principal occupation of Daniel K&#345;et&iacute;nsk&yacute;
and of each of the Covered Persons and the name, principal business and address of the organizations in which such occupation is
conducted is set forth in the table in Item 2(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) During the last five years, none of the Reporting Persons
has been convicted, and, to the Reporting Persons&rsquo; knowledge, none of the Covered Persons has been convicted, in any criminal
proceeding (excluding traffic violations or similar misdemeanors).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(e) During the last five years, none of the Reporting Persons
has been a party, and, to the Reporting Persons&rsquo; knowledge, none of the Covered Persons has been a party, to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result of which proceeding such person was or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(f) Please refer to Item 6 on each cover sheet for each Reporting
Person. The citizenship of each of the Covered Persons is set forth in Item 2(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3. Source and Amount of Funds or Other Consideration.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in or incorporated by reference in
Item 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 3. To the extent required by Item 3, the
information in <U>Schedule A</U> is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: left">On
January 15, 2020, Vesa Equity entered into an Intragroup Revolving Facility Agreement and subsequently, on February 17, 2020,
entered into a First Amendment and Restatement Agreement to such Intragroup Facility Agreement, with <FONT STYLE="background-color: white">Energetick&yacute;
a pr&#367;myslov&yacute; holding, a.s. </FONT>(the &ldquo;Loan Agreement&rdquo;), pursuant to which Vesa Equity may draw up
to EUR 250 million in order to acquire an equity interest in publicly traded companies and pay certain costs related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 28, 2017, Vesa Equity entered into a Commission Agreement
with J&amp;T Banka, a.s. (&ldquo;J&amp;T&rdquo;) (the &ldquo;Commission Agreement&rdquo;), pursuant to which J&amp;T agreed to
purchase, sell or transfer certain financial instruments in its own name and on Vesa Equity&rsquo;s account. <FONT STYLE="background-color: white">The
Commission Agreement serves as a basis for a margin loan provided to Vesa Equity for the purpose of acquiring a basket of listed
shares in the European Union and United States. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Approximately $34.1 million and $50.0 million of the funds used
to purchase the Common Stock described herein were derived from the Loan Agreement and the Commission Agreement, respectively<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The foregoing descriptions
of the Loan Agreement and Commission Agreement are qualified in their entirety by reference to the Loan Agreement and Commission
Agreement filed as Exhibit </FONT>99.5 <FONT STYLE="background-color: white">and Exhibit </FONT>99.6, respectively, <FONT STYLE="background-color: white">to
this Schedule 13D and incorporated by reference herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 4. Purpose of Transaction.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To the extent required by Item 4, the information in Item 3
and Item 6 is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The Reporting Persons acquired the
securities for strategic investment purposes. Depending on market conditions, their continuing evaluation of the business and prospects
of the Issuer and other factors, the Reporting Persons may dispose of or acquire additional shares of the Issuer. The Reporting
Persons intend to engage in constructive discussions <FONT STYLE="background-color: white">with the Issuer&rsquo;s management and/or
board of directors, other stockholders of the Issuer and other interested parties that may relate to the business, management,
operations (including cost structure), assets, capitalization, financial condition, strategic plans, governance and board composition
and the future of the Issuer</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Reporting Person may make additional proposals that may
include proposing, considering or undertaking one or more of the actions set forth in subsections (a) through (j) of Item 4 of
Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5. Interest in Securities of the Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) <B><I>Aggregate number and percentage of securities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Vesa Equity is the owner of record of 15,536,538 shares
of Common Stock, or 5.0% of the issued and outstanding Common Stock. Each of the Reporting Persons, as a result of the relationships
described in Item 2, may be deemed to directly or indirectly beneficially own the Common Stock held by Vesa Equity. Each of the
Reporting Persons disclaims beneficial ownership in all shares of Common Stock reported herein, except to the extent of its respective
pecuniary interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">See also rows 11 and 13 of the cover pages to, and
Item 2 of, this Schedule 13D for the aggregate number of shares of Common Stock beneficially owned by each of the Reporting Persons.
The ownership percentages reported in this Schedule 13D are based on 309,645,426 shares of Common Stock outstanding of the Issuer,
as of February 29, 2020, as set forth in the Issuer&rsquo;s annual report on Form 10-K filed with the SEC on March 30, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b) <B><I>Power to vote and dispose</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">See rows 7 through 10 of the cover pages to, and Item
2 of, this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which
there is sole or shared power to vote or to direct the vote, and sole or shared power to dispose or to direct the disposition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> (c) <B><I>Transactions within the past 60
days</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="background-color: white">Transactions
by the Reporting Persons (on behalf of Vesa Equity) effected during the past 60 days are set forth in&nbsp;<U>Schedule A</U>&nbsp;below
and such information is incorporated herein by reference</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) <B><I>Certain rights of other persons</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> (e) <B><I>Date ceased to be a 5% owner</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in or incorporated by reference in
Item 3 of this Schedule 13D is incorporated by reference in its entirety into this Item 6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The loans under the
Loan Agreement mature on </FONT>January 15<FONT STYLE="background-color: white">, 2021, subject to any mutually agreed
extension. The margin loan does not have a fixed term. Upon the occurrence of certain events that are customary for such
loans, J&amp;T may exercise its rights to require Vesa Equity to&nbsp;pre-pay&nbsp;the loan proceeds advanced or post
additional collateral, and J&amp;T may exercise its rights to foreclose on, and dispose of, the pledged shares and other
collateral, in each case, in accordance with the Commission Agreement and any related agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The foregoing descriptions
of the Loan Agreement and Commission Agreement are qualified in their entirety by reference to the Loan Agreement and Commission
Agreement filed as Exhibit </FONT>99.5 <FONT STYLE="background-color: white">and Exhibit </FONT>99.6, respectively, <FONT STYLE="background-color: white">to
this Schedule 13D and incorporated by reference herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7. Material to Be Filed as Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Exhibit<BR>
 No.</B></FONT></TD>
    <TD STYLE="width: 2%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><A HREF="ea121572ex99-1vesa_macys.htm">Power of Attorney of Vesa Equity Investment S.&agrave; r.l., dated as of May 11, 2020.</A></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><A HREF="ea121572ex99-2vesa_macys.htm">Power of Attorney of EP Investment S.&agrave; r.l., dated as of May 11, 2020.</A></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><A HREF="ea121572ex99-3vesa_macys.htm">Power of Attorney of Daniel K&#345;et&iacute;nsk&yacute;, dated as of May 11, 2020.</A></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><A HREF="ea121572ex99-4vesa_macys.htm">Joint Filing Agreement, dated as of May 11, 2020, by and among the Reporting Persons.</A></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="ea121572ex99-5vesa_macys.htm">First Amendment and
    Restatement Agreement to Intragroup Facility Agreement, dated as of February 17, 2020, between Vesa Equity Investment
    S.&agrave; r.l. and Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</A></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">99.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="ea121572ex99-6vesa_macys.htm">Commission Agent Agreement, dated July 28, 2017, between Vesa Equity Investment S.&agrave; r.l. and J&amp;T Banka, a.s.</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: May 11, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">VESA EQUITY INVESTMENT S.&Agrave; R.L.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Marek Spurny</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%">Marek Spurny</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"></FONT>Authorized Signatory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt">/s/ Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="font-size: 10pt">Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD STYLE="font-size: 10pt">Authorized Signatory</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">EP INVESTMENT S.&Agrave; R.L.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Marek Spurny</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%">Marek Spurny</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Authorized Signatory</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt">&nbsp;/s/ Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="font-size: 10pt">Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD STYLE="font-size: 10pt">Authorized Signatory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">DANIEL K&#344;ET&Iacute;NSK&Yacute;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Daniel Kretinsky</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD>Daniel Kretinsky</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Schedule A </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The following table sets
forth all transactions by the Reporting Persons (on behalf of Vesa Equity) with respect to Common Stock effected in the last 60
days, inclusive of any transactions effected through 4:00 p.m., New York City time, on May 8, 2020. Except as otherwise noted below,
all such transactions were purchases of Common Stock effected in the open market, and the table excludes commissions paid in per
share prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Nature of Transaction</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Common Stock <BR> Purchased</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Price Per<BR>
 Share ($)</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Date of Purchase</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Buy</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">1,501,311</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">6.0294</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: center; padding-left: 5.4pt">4/14/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,025,341</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.7008</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/15/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,669,013</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.7110</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/16/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,219,826</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.8554</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/22/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">270,827</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.8327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/23/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,186,950</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.8440</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/24/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.1000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/27/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">254,170</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.6900</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">4/30/2020</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Buy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,400,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.6302</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; padding-left: 5.4pt">5/1/2020</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">10</P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea121572ex99-1vesa_macys.htm
<DESCRIPTION>POWER OF ATTORNEY OF VESA EQUITY INVESTMENT S.A R.L., DATED AS OF MAY 11, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>MACY&rsquo;S,
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>POWER
OF ATTORNEY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(For
Executing Form ID and reports on Schedule 13G and 13D)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Know
all by these presents, that the undersigned hereby constitutes and appoints each of Pavel Horsk&yacute;, Marek Spurn&yacute; and
Jan B&iacute;lek, each with full power and authority to act together or individually, including full power of substitution, as
the undersigned&rsquo;s true and lawful attorney-in-fact and agent to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the Securities and Exchange
Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;) a Form ID, Uniform Application for Access Codes to File on EDGAR, including amendments
thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic
filings with the SEC of reports required by Section 13(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;<B><I>Exchange
Act</I></B>&rdquo;), or any rule or regulation thereunder;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the reports on Schedule
13G or 13D (including amendments thereto and joint filing agreements in connection therewith) in accordance with Section 13(d)
of the Exchange Act and the rules and regulations thereunder in the undersigned&rsquo;s capacity as the beneficial owner of more
than 5% of a registered class of securities of Macy&rsquo;s, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)
Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to prepare and execute
any such Form ID and reports on Schedule 13G or 13D (including, in each case, amendments thereto and joint filing agreements in
connection therewith) and file such forms with the SEC and any stock exchange, self-regulatory association or any similar authority;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)
Take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required of the undersigned, it being understood that the documents executed
by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain
such terms and conditions as the attorney-in-fact may approve in the attorney-in-fact&rsquo;s discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully
to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&rsquo;s substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming
(nor is the Company assuming) any of the undersigned&rsquo;s responsibilities to comply with Section 13(d) of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Power of Attorney shall remain in full force and effect until the earliest to occur of (a) the undersigned is no longer required
to file reports on Schedule 13G or 13D with respect to the undersigned&rsquo;s holdings of and transactions in securities issued
by the Company or (b) revocation by the undersigned in a signed writing delivered to the Company and such foregoing attorney-in
fact.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date written below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
May 11, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top"><TD STYLE="font-size: 10pt"></TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">VESA EQUITY INVESTMENT S.&Agrave; R.L.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Marek Spurny</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%">Marek Spurny</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"></FONT>Authorized Signatory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt">/s/ Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="font-size: 10pt">Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD STYLE="font-size: 10pt">Authorized Signatory</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ea121572ex99-2vesa_macys.htm
<DESCRIPTION>POWER OF ATTORNEY OF EP INVESTMENT S.A R.L., DATED AS OF MAY 11, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>MACY&rsquo;S,
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>POWER
OF ATTORNEY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(For
Executing Form ID and reports on Schedule 13G and 13D)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Know
all by these presents, that the undersigned hereby constitutes and appoints each of Pavel Horsk&yacute;, Marek Spurn&yacute; and
Jan B&iacute;lek, each with full power and authority to act together or individually, including full power of substitution, as
the undersigned&rsquo;s true and lawful attorney-in-fact and agent to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the Securities and Exchange
Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;) a Form ID, Uniform Application for Access Codes to File on EDGAR, including amendments
thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic
filings with the SEC of reports required by Section 13(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;<B><I>Exchange
Act</I></B>&rdquo;), or any rule or regulation thereunder;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the reports on Schedule
13G or 13D (including amendments thereto and joint filing agreements in connection therewith) in accordance with Section 13(d)
of the Exchange Act and the rules and regulations thereunder in the undersigned&rsquo;s capacity as the beneficial owner of more
than 5% of a registered class of securities of Macy&rsquo;s, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)
Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to prepare and execute
any such Form ID and reports on Schedule 13G or 13D (including, in each case, amendments thereto and joint filing agreements in
connection therewith) and file such forms with the SEC and any stock exchange, self-regulatory association or any similar authority;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)
Take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required of the undersigned, it being understood that the documents executed
by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain
such terms and conditions as the attorney-in-fact may approve in the attorney-in-fact&rsquo;s discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully
to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&rsquo;s substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming
(nor is the Company assuming) any of the undersigned&rsquo;s responsibilities to comply with Section 13(d) of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
Power of Attorney shall remain in full force and effect until the earliest to occur of (a) the undersigned is no longer required
to file reports on Schedule 13G or 13D with respect to the undersigned&rsquo;s holdings of and transactions in securities issued
by the Company or (b) revocation by the undersigned in a signed writing delivered to the Company and such foregoing attorney-in
fact.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IN
WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date written below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date:
May 11, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top"><TD STYLE="font-size: 10pt"></TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">EP INVESTMENT S.&Agrave; R.L.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Marek Spurny</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%">Marek Spurny</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"></FONT>Authorized Signatory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font-size: 10pt">/s/ Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="font-size: 10pt">Pascal Leclerc</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD STYLE="font-size: 10pt">Authorized Signatory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>



<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>





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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ea121572ex99-3vesa_macys.htm
<DESCRIPTION>POWER OF ATTORNEY OF DANIEL KRETINSKY, DATED AS OF MAY 11, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.3</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>MACY&rsquo;S,
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>POWER
OF ATTORNEY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(For
Executing Form ID and reports on Schedule 13G and 13D)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Know
all by these presents, that the undersigned hereby constitutes and appoints each of Pavel Horsk&yacute;, Marek Spurn&yacute; and
Jan B&iacute;lek, each with full power and authority to act together or individually, including full power of substitution, as
the undersigned&rsquo;s true and lawful attorney-in-fact and agent to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the Securities and Exchange
Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;) a Form ID, Uniform Application for Access Codes to File on EDGAR, including amendments
thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic
filings with the SEC of reports required by Section 13(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;<B><I>Exchange
Act</I></B>&rdquo;), or any rule or regulation thereunder;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)
Prepare, execute in the undersigned&rsquo;s name and on the undersigned&rsquo;s behalf, and submit to the reports on Schedule
13G or 13D (including amendments thereto and joint filing agreements in connection therewith) in accordance with Section 13(d)
of the Exchange Act and the rules and regulations thereunder in the undersigned&rsquo;s capacity as the beneficial owner of more
than 5% of a registered class of securities of Macy&rsquo;s, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)
Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to prepare and execute
any such Form ID and reports on Schedule 13G or 13D (including, in each case, amendments thereto and joint filing agreements in
connection therewith) and file such forms with the SEC and any stock exchange, self-regulatory association or any similar authority;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)
Take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required of the undersigned, it being understood that the documents executed
by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain
such terms and conditions as the attorney-in-fact may approve in the attorney-in-fact&rsquo;s discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully
to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&rsquo;s substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming
(nor is the Company assuming) any of the undersigned&rsquo;s responsibilities to comply with Section 13(d) of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
Power of Attorney shall remain in full force and effect until the earliest to occur of (a) the undersigned is no longer required
to file reports on Schedule 13G or 13D with respect to the undersigned&rsquo;s holdings of and transactions in securities issued
by the Company or (b) revocation by the undersigned in a signed writing delivered to the Company and such foregoing attorney-in
fact.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45.8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IN
WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date written below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date:
May 11, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DANIEL K&#344;ET&Iacute;NSK&Yacute;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Daniel K&#345;et&iacute;nsk&yacute;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By: Daniel K&#345;et&iacute;nsk&yacute;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>ea121572ex99-4vesa_macys.htm
<DESCRIPTION>JOINT FILING AGREEMENT, DATED AS OF MAY 11, 2020, BY AND AMONG THE REPORTING PERSONS
<TEXT>
<HTML>
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     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.4</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>JOINT
FILING AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree
to the joint filing with each of the Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf
of each of them of a statement on Schedule 13D (including amendments thereto and statements on Schedule 13G) with respect to the
Common Stock, par value $0.01 per share of Macy&rsquo;s, Inc., a corporation organized under the laws of the State of Delaware,
and that this agreement may be included as an exhibit to such joint filing. The undersigned acknowledge that each shall be responsible
for the timely filing of any amendments, and for the completeness and accuracy of the information concerning the undersigned or
contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the
others.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">IN
WITNESS WHEREOF, the undersigned hereby execute this agreement as of May 11, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VESA
    EQUITY INVESTMENT S.&Agrave; R.L.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0.25pt 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
Marek Spurny</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt; width: 3%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt; width: 35%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marek Spurny</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt; width: 62%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Authorized Signatory</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">/s/ Pascal Leclerc</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">By:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Pascal Leclerc</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Authorized Signatory</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">EP
        INVESTMENT S.&Agrave; R.L.</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0.25pt 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
Marek Spurny</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marek Spurny</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Authorized Signatory</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">/s/ Pascal Leclerc</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">By:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Pascal Leclerc</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">Authorized Signatory</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DANIEL
        K&#344;ET&Iacute;NSK&Yacute;</FONT></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0.25pt 0.25pt 0.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;/s/  Daniel Kretinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"> Daniel Kretinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


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<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>ea121572ex99-5vesa_macys.htm
<DESCRIPTION>FIRST AMENDMENT AND RESTATEMENT AGREEMENT TO INTRAGROUP FACILITY AGREEMENT, DATED AS OF FEBRUARY 17, 2020, BETWEEN VESA EQUITY INVESTMENT S.A R.L. AND ENERGETICKY A PRUMYSLOVY HOLDING, A.S.
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: right"><B>Exhibit 99.5</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">FIRST AMENDMENT
and restatement agreement</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">TO INTRAGROUP
FACILITY AGREEMENT dated 15 January 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: center">between</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: center; text-indent: 21.25pt"><B>ENERGETICK&Yacute;
A PR&#366;MYSLOV&Yacute; HOLDING AS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: center; text-indent: 21.25pt">as Lender</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: center"><B>VESA EQUITY INVESTMENT S&Aacute;RL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: center">as Borrower</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">DATED 17 FEBRUARY 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: justify"><B>THIS AMENDMENT AND RESTATEMENT AGREEMENT
TO INTRAGROUP FACILITY AGREEMENT DATED 15 JANUARY 2020 </B>(the &quot;<B>Agreement</B>&quot;) is made by and between:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31pt">(1)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Energetick&yacute;
                                         pr&#367;myslov&yacute; holding, a.s., </B></FONT>a company incorporated and existing
                                         under the laws of the Czech Republic with its registered office at Pa&#345;&iacute;&#382;sk&aacute;
                                         130/26, Prague 1 &ndash; Josefov, Postal Code 110 00, Czech Republic, Identification
                                         no. 283 56 250, registered in the Commercial Register maintained by the Municipal Court
                                         in Prague under file no. B 21747</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 18.3pt 31pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(the
</B></FONT>&quot;Lender&quot;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12.7pt; text-align: justify; text-indent: 0.5in; background-color: transparent">and</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31pt">(2)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>VESA
                                         Equity Investment S.&aacute; r.l., </B></FONT>a company incorporated and existing under
                                         the laws of Luxembourg, with its registered office at 39 Avenue John F. Kennedy, 1855
                                         Luxembourg, identification number B 215769;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13.3pt 31pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>(the
</B></FONT>&quot;Borrower&quot;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: justify"><B>WHEREAS:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(A)</TD><TD STYLE="text-align: justify">on 15 January 2020, the Lender as lender and the Borrower as borrower entered into the uncommitted
revolving facility agreement (the &quot;<B>Facility Agreement</B>&quot;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">(B)</TD><TD STYLE="text-align: justify">the Parties now wish to amend and restate the Facility Agreement based on this Agreement,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 0in"><B>IT IS NOW AGREED
AS FOLLOWS:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">1.</TD><TD STYLE="text-align: justify">AMENDMENT AND RESTATEMENT</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt 35.3pt; text-align: justify">The Facility Agreement shall be
amended and restated on and from the date hereof so that it reads as set out in the Schedule (<I>Amended and Restated Facility
Agreement</I>) to this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">2.</TD><TD STYLE="text-align: justify">Counterparts</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt 35.45pt; text-align: justify">This Agreement may be executed
in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this
Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">3.</TD><TD STYLE="text-align: justify">Governing Law</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt 35.3pt; text-align: justify">This Agreement and any non-contractual
obligations arising out of or in connection with it are governed by Czech law.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">4.</TD><TD STYLE="text-align: justify">Jurisdiction of the Czech courts</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 35.45pt; text-align: justify; text-indent: 0in">All and any
disputes arising from or in connection with this Agreement shall be resolved by the competent court of the Borrower, unless the
exclusive jurisdiction of another court is applicable.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 35.45pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">IN WITNESS WHEREOF, this Agreement has
been signed by the duly authorized representatives of the contracting parties on the date specified below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>THE LENDER</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 11.1%; padding-top: 6pt; padding-right: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 38.88%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">/s/ Daniel K&#345;et&iacute;nsk&yacute;</TD>
    <TD STYLE="vertical-align: bottom; width: 11.06%; padding-top: 6pt; padding-right: 5.75pt; padding-left: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: top; width: 38.96%; border-bottom: Black 1pt solid; padding-right: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">/s/ Marek Spurn&yacute;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>THE BORROWER</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-bottom: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>VESA Equity Investment S.&aacute; r.l.</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 11.1%; padding-top: 6pt; padding-right: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 38.88%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">/s/ Marek Spurn&yacute;</TD>
    <TD STYLE="vertical-align: bottom; width: 11.06%; padding-top: 6pt; padding-right: 5.75pt; padding-left: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: top; width: 38.96%; border-bottom: Black 1pt solid; padding-right: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">/s/ Pascal Leclerc</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; color: Red"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>SCHEDULE</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><I>(Amended and Restated Facility Agreement)</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"><I></I></P>

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">Intragroup
Revolving Facility Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">by
and Between</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 34.3pt; text-align: center; text-indent: 0.35pt; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps; background-color: white">Energetick&yacute;
pr&#367;myslov&yacute; holding</FONT> A.S.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 34.3pt; text-align: center; text-indent: 0.35pt; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">as
Lender</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 21.4pt 1pt; text-align: center; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.8in 1pt; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">VESA
Equity Investment S.a r.l.<BR>
as Borrower</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1pt; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">Dated
15 January 2020, as amended and restated from time to time</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 18.1pt; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white"></FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: Transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: Transparent"><FONT STYLE="font-variant: small-caps; background-color: white">Uncommitted
Revolving Facility Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="font-variant: small-caps; background-color: white"></FONT><FONT STYLE="background-color: white">(the <B>&quot;Agreement&quot;)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent"><FONT STYLE="background-color: white"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">entered
into by and between the following entities (each a <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>&quot;Party&quot;
</B></FONT>and collectively the</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 17.7pt; text-align: justify; text-indent: 0in; background-color: transparent">&quot;Parties&quot;):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 18.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31pt">(1)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Energetick&yacute;
                                         pr&#367;myslov&yacute; holding, a.s., </B></FONT>a company incorporated and existing
                                         under the laws of the Czech Republic with its registered office at Pa&#345;&iacute;&#382;sk&aacute;
                                         130/26, Prague 1 &ndash; Josefov, Postal Code 110 00, Czech Republic, Identification
                                         no. 283 56 250, registered in the Commercial Register maintained by the Municipal Court
                                         in Prague under file no. B 21747</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 18.3pt 31pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(</B><FONT STYLE="font-weight: normal">the
</FONT></FONT>&quot;<B>Lender</B>&quot;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12.7pt; text-align: justify; text-indent: 0.5in; background-color: transparent">and</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 13.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31pt">(2)</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>VESA
                                         Equity Investment S.&aacute; r.l., </B></FONT>a company incorporated and existing under
                                         the laws of Luxembourg, with its registered office at 39 Avenue John F. Kennedy, 1855
                                         Luxembourg, identification number B 215769;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13.3pt 31pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(</B><FONT STYLE="font-weight: normal">the
</FONT></FONT>&quot;<B>Borrower</B>&quot;)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 3.1pt; text-align: justify; text-indent: 0in; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(the
</FONT>&quot;Borrower&quot;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">WHEREAS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">The
Borrower wishes to borrow funds from the Lender and the Lender agrees to make such funds available to the Borrower under the
terms and conditions set forth herein</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: Transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">NOW
THEREFORE, the Parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12.7pt; text-align: justify; text-indent: 0in; background-color: transparent">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Definitions and Interpretation</U></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 13pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">1.1</TD><TD STYLE="text-align: left">In this Agreement, the following terms shall, unless the context clearly requires otherwise, have
the following meanings:</TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 226.55pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; background-color: white; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Available Facility&quot;</B></FONT></TD>
    <TD STYLE="width: 226.55pt; padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">means the amount of the Facility <FONT STYLE="font-family: Times New Roman, Times, Serif; color: black; background-color: white"><I>less</I></FONT>
        the principal amount of outstanding Loan <FONT STYLE="font-family: Times New Roman, Times, Serif; color: black; background-color: white"><I>less</I></FONT>
        the principal amount of any amounts for which the Borrower and the Lender agreed to transfer but which have not yet been disbursed
        by the Lender <FONT STYLE="font-family: Times New Roman, Times, Serif; color: black; background-color: white"><I>plus</I></FONT>
        the principal amount of the Loan which has been repaid;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in; background-color: transparent"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Borrower&rsquo;s
        Account&quot;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in; background-color: transparent"><FONT STYLE="font-style: normal; font-variant: normal; font-weight: normal">&nbsp;</FONT></P></TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">means the account No. [*], IBAN: [*], SWIFT:
        [*] (J&amp;T Banka, a.s.) or any other account notified to the Lender from time to time;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Business Day&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13.3pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-style: normal; font-variant: normal; font-weight: normal">means a day other than Saturday or Sunday or public holiday in the Czech Republic and Luxembourg</FONT><FONT STYLE="font-style: normal; font-variant: normal"><B>;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Event of Default&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13.3pt; text-align: justify; text-indent: 0in">has the meaning set forth below in section <FONT STYLE="background-color: white">9.1;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 14pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Facility&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 12.7pt; text-align: justify; text-indent: 0in">has the meaning set forth below in section 2;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 14pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Interest Rate&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 12.7pt; text-align: justify; text-indent: 0in">means an interest rate of 5.35 % p.a. or any other Interest Rate agreed between the Lender and the Borrower in accordance with section 5.6;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Lender&rsquo;s Accounts&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13pt; text-align: justify; text-indent: 0in">means each of the following accounts of the Lender: (i) account No. [*], IBAN [*], SWIFT: [*] (maintained with J &amp; T BANKA, a.s.); and (ii) account No. [*], IBAN: [*], SWIFT: [*] (maintained with UniCredit Bank Czech Republic and Slovakia, a.s.)&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Loan&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13pt; text-align: justify; text-indent: 0in">means the aggregate amount disbursed to the Borrower and remaining outstanding under the Facility;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Repayment Date&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13pt; text-align: justify; text-indent: 0in">means the date falling on the first anniversary of the date of this Agreement;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Shares&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13pt; text-align: justify; text-indent: 0in">has the meaning set forth in section 3</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in; font-weight: bold"><FONT STYLE="font-style: normal; font-variant: normal"><B>&quot;Utilisation Period&quot;</B></FONT></TD>
    <TD STYLE="padding-bottom: 13pt; text-align: justify; text-indent: 0in">means a period starting on the date of this Agreement and ending one Business Day prior to the Repayment Date.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt 37pt; text-align: left; text-indent: -37pt; background-color: transparent">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt 37pt; text-align: left; background-color: transparent"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">1.2</TD><TD STYLE="text-align: justify">In this Agreement:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.8pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: justify">use of the singular includes the plural and vice versa and use of any gender includes the other
genders;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.2pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: justify">the words &quot;includes&quot; or &quot;including&quot; shall be construed without limitation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: justify">any reference to &quot;writing&quot; or &quot;written&quot; shall include faxes; e-mail shall be
included to the extent that the recipient of the message expressly confirmed receipt;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(d)</TD><TD STYLE="text-align: justify">references to Sections and Schedules are references to the sections of, and recitals and schedules
to, this Agreement and the Schedules form an integral part of this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(e)</TD><TD STYLE="text-align: justify">the headings in this Agreement are inserted for convenience only and are to be ignored in construing
this Agreement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(f)</TD><TD STYLE="text-align: justify">references to times of the day are to Prague time.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>The Facility</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">2.1</TD><TD STYLE="text-align: justify">Subject to the terms of this Agreement, the Lender may, but is not obliged to, make available to
the Borrower a revolving loan facility in an aggregate amount of EUR <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>250,000,000.00
</B></FONT>(the <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>&quot;Facility&quot;).</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">2.2</TD><TD STYLE="text-align: justify">The Borrower accepts the Facility and undertakes to repay the Loan advanced to it by the Lender
under the Facility and pay the agreed interest.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">3.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Purpose</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">3.1</TD><TD STYLE="text-align: justify">The Borrower shall apply any Loans advanced to it under the Facility towards (a) purchase of any
publicly traded shares (&ldquo;<B>Shares</B>&rdquo;), (b) payment of relating fees, including fees payable to (i) the broker through
whom the Shares have been purchased, (ii) the bank maintaining the custody account, (iii) other fees as may be in relation to the
purchase of the Shares, and (c) interest paid on any financing of the Borrower.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">4.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Utilisation</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">4.1</TD><TD STYLE="text-align: justify">During the Utilisation Period, the Borrower may utilize the Facility upon mutual agreement with
the Lender, provided that the then utilised amount does not exceed the aggregate amount of the Available Facility.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">4.2</TD><TD STYLE="text-align: justify">The Lender may, but is not obliged to, advance to the Borrower any amount agreed. The amount advanced
shall be credited to the Borrower&rsquo;s Account (or other account specified by the Borrower to the Lender).</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">5.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Interest,
Repayment</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">5.1</TD><TD STYLE="text-align: justify">The Loan shall bear interest at the Interest Rate (ACT/365).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">5.2</TD><TD STYLE="text-align: justify">The Borrower shall repay the Loan including accrued interest without notice on the Repayment Date
to the Lender&rsquo;s Account. For the avoidance of doubt, the principal amount of the Loan including accrued interest must be
credited to the Lender's Account no later than on the Repayment Date.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">5.3</TD><TD STYLE="text-align: justify">By crediting any of the Lender&rsquo;s Accounts, the Borrower may repay the Loan in full or in
part and pay accrued interest at any time prior to the Repayment Date without premium or penalty and without notice.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">5.4</TD><TD STYLE="text-align: justify">In each calendar month, the Borrower shall deliver to the Lender an overview of amounts transferred
to the Lender&rsquo;s Accounts with a statement confirming which of these amounts shall be applied in prepayment of the Loan, prepared
as of the last day of the immediately preceding calendar month <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>(&quot;Repayment
Overview&quot;). </B></FONT>If the Borrower fails to deliver a Repayment Overview, this shall (i) not constitute an Event of Default
and (ii) any payments credited from the Borrower&rsquo;s Account to any of the Lender&rsquo;s Accounts during the period for which
the Repayment Overview should have been delivered shall be considered to be made on account of repayment of the Loan and shall
be applied in accordance with Clause 6 (<FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><I>Payments,
Prepayment, Default Interest).</I></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">5.5</TD><TD STYLE="text-align: justify">Without undue delay following a request by the Borrower, the Lender shall deliver to the Borrower
a confirmation of the current balance of the Loan and outstanding interest.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">5.6</TD><TD STYLE="text-align: justify">If at any time the interest rate applicable to the Borrower&acute;s source of financing decreases,
the Borrower and the Lender undertake to negotiate in good faith to decrease the Interest Rate under this Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">6.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Payments.
Prepayment, Default Interest</U></B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">6.1</TD><TD STYLE="text-align: justify">Unless agreed otherwise between the Parties, all amounts due by the Borrower under this Agreement
shall be payable in EUR by bank wire transfer to any of the Lender&rsquo;s Accounts.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">6.2</TD><TD STYLE="text-align: justify">In the event that the Borrower fails to repay the Loan advanced to it hereunder including accrued
interest on the Repayment Date, the Borrower shall be obliged to pay statutory default interest on the unpaid amount. The right
of the Lender to default interest is without prejudice to any other right (including the right to damages) that the Lender may
have under this Agreement or under any applicable law.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">6.3</TD><TD STYLE="text-align: justify">Any payment obtained by the Lender from the Borrower under this Agreement shall first be applied
towards discharge of due but unpaid interest, secondly towards discharge of due but unpaid principal of the Loan and thirdly towards
discharge of any other due but unpaid amounts.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">7.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Representations.
Warranties and Undertakings</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 38pt">7.1</TD><TD STYLE="text-align: justify">The Borrower hereby represents and warrants that the following representations, warranties and
undertakings are true and not misleading:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: left">The Borrower is a company, incorporated and validly existing under the laws of the state of its seat.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: justify; padding-right: 8pt">The conclusion of this Agreement, the performance of all rights and the fulfilment
of all duties under this Agreement have been duly approved by all the relevant bodies operating within the Borrower's business
and legal organization in accordance with all relevant legislation, the articles of association and all of the Borrower's other
internal regulations, and does not require, nor will require, the consent or approval of any third party or all such approvals
(if relevant) have already been granted and are valid and effective as of the date of the execution hereof.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: justify; padding-right: 8pt">This Agreement has been duly executed by the Borrower and constitutes valid
and binding obligations of the Borrower, enforceable against it in accordance with the terms of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 36pt">(d)</TD><TD STYLE="text-align: justify; padding-right: 8pt">Neither the conclusion nor the performance of this Agreement shall result in
the breach of any agreement to which the Borrower is a party, nor any other obligation, duty or limitation of the Borrower and
shall not violate any property rights of the Borrower or any third party.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 36pt">(e)</TD><TD STYLE="text-align: justify; padding-right: 8pt">No court, administrative, arbitration or other proceedings before any authority
of any jurisdiction are pending or, to the best of the Borrower's knowledge, threatening, which could, individually or in conjunction
with other such proceedings, have a negative effect on the Borrower's ability to fulfil its payment obligations in accordance with
this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 36pt">(f)</TD><TD STYLE="text-align: justify; padding-right: 8pt">The Borrower is not insolvent. No liquidation, bankruptcy, settlement or any
other proceedings which would generally restrict the rights of the Borrower's creditors to the satisfaction of their receivables
due from the Borrower are pending, or, to the best of the Borrower's knowledge, are threatening.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 11.7pt; text-align: justify; text-indent: 0in; background-color: transparent">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Notices</U></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">8.1</TD><TD STYLE="text-align: justify; padding-right: 8pt">Any notice addressed to a Party shall be delivered by post to the address of
registered office of that Party as set out in the headings of this Agreement, or any other post address, fax number or email notified
to the other Party in writing.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.45pt">8.2</TD><TD STYLE="text-align: justify; padding-right: 8pt">Any notice will be considered as &ldquo;delivered&rdquo; only if actually received
by the addressee. If the addressee refuses to accept delivery of the notice, that notice shall be deemed delivered on the day on
which the addressee refused to accept its delivery.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 34pt">9.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Events
of Default: Acceleration</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 35.45pt; text-align: justify; text-indent: -35.45pt; background-color: transparent"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top"><TD STYLE="width: 35.45pt">9.1</TD><TD STYLE="text-align: justify; padding-right: 8pt">An <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>&quot;Event of Default&rdquo; </B></FONT>shall
occur if any of the following occurs for any reason whatsoever:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 35.45pt; text-align: justify; text-indent: -35.45pt; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: justify">The Borrower fails to make any payment owed under this Agreement or in accordance with this Agreement
by the date such payment is due;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: justify">The Borrower fails to perform any of its duties under this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: justify">The Borrower creates any form of security over the Shares, other than security in favour of J &amp;
T BANKA, a.s. or any security in favour of any other bank that refinances any indebtedness provided to the Borrower by J &amp;
T BANKA, a.s.;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(d)</TD><TD STYLE="text-align: justify">The Borrower is bankrupt, over-indebted, decides on its liquidation, is dissolved, becomes insolvent,
is unable to pay the debts or admits in writing its inability to pay its debts, makes an assignment or arrangement for the benefit
of its creditors or institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any
other relief under bankruptcy or insolvency law, or the appointment of an administrator, liquidator, conservator or similar official
or a petition is presented for its winding-up or liquidation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(e)</TD><TD STYLE="text-align: justify">Any representation or undertaking of the Borrower made in this Agreement or under this Agreement
is untrue, incomplete or misleading.</TD></TR></TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">9.2</TD><TD STYLE="text-align: justify">Upon the occurrence of an Event of Default under section 9.1 hereof which is continuing, the Lender
shall be entitled to (subject to section 9.3):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: justify">Terminate all or any of its obligations under this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: justify">Demand the payment of any amounts owed by the Borrower under this Agreement and declare all outstanding
debts, charges, costs and expenses as immediately due and payable and all such amounts shall become payable immediately regardless
of their original maturity, while this Agreement shall continue in all other respects;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: justify">Withdraw from this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 48pt"></TD><TD STYLE="width: 36pt">(d)</TD><TD STYLE="text-align: justify">Request provision of sufficient security for the Borrower&rsquo;s obligations hereunder, and the
Borrower shall be obliged to do so without delay upon instructions being given by the Lender.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">9.3</TD><TD STYLE="text-align: justify">The steps under section 9.2 do not preclude any other steps or remedies under applicable law or
otherwise. The Lender shall be entitled to perform the steps under section 9.2 provided that the Event of Default is not remedied
(if being capable of a remedy) within 5 Business Days after the Lender&rsquo;s notice to the Borrower to remedy the Event of Default.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">10.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Withholding</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">10.1</TD><TD STYLE="text-align: justify">The Borrower agrees to increase the amount of any payment which is subject to a withholding or
deduction, as a result of which the Lender will be entitled to receive the same amount as it would have received if there had been
no withholding or deduction.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">10.2</TD><TD STYLE="text-align: justify">The Borrower will pay to the appropriate authority all amounts withheld or deducted by it or on
its behalf and certify to the reasonable satisfaction of the Lender
that it has withheld or deducted those sums and paid them to that authority. If a receipt or other evidence of payment can be issued,
the Borrower agrees to deliver this to the Lender as soon as practicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left; background-color: Transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">11.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Duration</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: Transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">This
Agreement shall continue to be in full force and effect until all amounts due hereunder are fully discharged, unless (and without
prejudice to any obligations of any Party resulting from unjustified enrichment) the Lender has used its right to withdraw this
Agreement in accordance with section 9.2 above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">12.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Amendments</U></B></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: Transparent">This
Agreement may be amended only in writing (including, for the avoidance of doubt, email).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.7pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">13.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Waivers</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">13.1</TD><TD STYLE="text-align: justify">The waiver by a Party of any right under this Agreement shall not be deemed to constitute a waiver
of any other of its rights hereunder or of any right of the other Party hereto or of any claim in respect of any breach of this
Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 20.3pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">13.2</TD><TD STYLE="text-align: justify">The Borrower promises to pay to the Lender all costs and expenses, including reasonable and properly
documented attorney&rsquo;s and legal assistants&rsquo; fees, incurred in relation to the preparation of this Agreement or enforcement
of any Lender&rsquo;s rights under this Agreement.</TD></TR></TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">SC E-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</FONT></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">14.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Assignment
and transfer of rights and obligations</U></B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12.2pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">14.1</TD><TD STYLE="text-align: justify">This Agreement shall be binding upon and inure to the benefit of the Parties and their successors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">14.2</TD><TD STYLE="text-align: justify">The Borrower may not assign or transfer its rights or obligations under this Agreement to any third
party without the prior written consent of the Lender (which may be given on a conditional basis).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">14.3</TD><TD STYLE="text-align: justify">The Parties agree that if the Borrower assigns any of its receivables due by the Lender under this
Agreement to any third party without the prior written consent of the Lender, such assignment shall not be effective towards the
Lender until and unless it grants a subsequent consent with such assignment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">14.4</TD><TD STYLE="text-align: justify">The Lender may assign its receivables and related rights under this Agreement without the prior
consent of the Borrower, in whole or in part, to any third party.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11.5pt; background-color: transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">15.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><U>Illegality</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: Transparent">If
any one or more of the provisions of this Agreement is invalid, illegal or unenforceable in any respect whatsoever, the validity,
legality and enforceability of the remaining provisions shall remain unaffected. The Parties undertake to replace the invalid,
illegal or unenforceable provision with a valid, legal and enforceable provision or, if this is not possible, with provision of
analogical legal and commercial effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 37pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37pt">16.</TD><TD STYLE="text-align: justify"><U>Whole Agreement</U></TD></TR></TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 11.9pt; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 39pt; text-align: justify; text-indent: 0in; background-color: Transparent">This
Agreement, including all amendments hereto, constitutes one integral agreement between the Parties regarding its subject and replaces
any previous agreement or arrangement between them concerning the subject of this Agreement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 11.7pt; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 37pt">17.</TD><TD STYLE="text-align: justify"><U>Counterparts</U></TD></TR></TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left; background-color: Transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0 0 0 39pt; text-align: left; background-color: Transparent"><FONT STYLE="font-style: normal; font-weight: normal">This
Agreement is concluded in two (2) counterparts in the English language, each Party will receive one (1) counterpart.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 37pt">18.</TD><TD STYLE="text-align: justify"><U>Governing
                                         law: Dispute Resolution</U></TD></TR></TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 11.9pt; text-align: justify; text-indent: 0in; background-color: transparent"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 37pt"><FONT STYLE="font-style: normal; font-weight: normal">18.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">This
                                         Agreement is governed by the laws of the Czech Republic.</FONT></TD></TR></TABLE>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: Transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 39pt">18.2</TD><TD STYLE="text-align: justify">Any dispute arising out of or in connection with this agreement or its validity shall be finally
settled by the district court for Prague 1 (Obvodn&iacute; <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><I>soud
pro Prahu 1)</I></FONT> or the Prague Municipal Court <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><I>(M&#283;stsk&yacute;
soud</I></FONT> v <FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><I>Praze),</I></FONT> as applicable.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 47.1pt; text-align: justify; text-indent: 0in; background-color: transparent">IN
WITNESS WHEREOF, this Agreement has been signed by the duly authorized representatives of the Parties on the date specified above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: Transparent">THE
SIGNATURE PAGE FOLLOWS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in; background-color: transparent">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: Transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>THE LENDER</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 5.75pt; padding-bottom: 13pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Energetick&yacute; a pr&#367;myslov&yacute; holding, a.s.</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 11.1%; padding-top: 6pt; padding-right: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 38.88%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11.06%; padding-top: 6pt; padding-right: 5.75pt; padding-left: 5.75pt">&#9;By:</TD>
    <TD STYLE="vertical-align: top; width: 38.96%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>THE BORROWER</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 5.75pt; padding-bottom: 16pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>VESA Equity Investment S.&aacute; r.l.</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 11.1%; padding-top: 6pt; padding-right: 5.75pt">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 38.88%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11.06%; padding-top: 6pt; padding-right: 5.75pt; padding-left: 5.75pt">&#9;By:</TD>
    <TD STYLE="vertical-align: top; width: 38.96%; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Name:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Title:</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2pt; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in; background-color: transparent">&nbsp;</P>

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    <!-- Field: /Page -->

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>ea121572ex99-6vesa_macys.htm
<DESCRIPTION>COMMISSION AGENT AGREEMENT, DATED JULY 28, 2017, BETWEEN VESA EQUITY INVESTMENT S.A R.L. AND J&T BANKA, A.S.
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: right"><B>Exhibit 99.6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">J&amp;T BANKA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify"><B>Commission Agent&rsquo;s Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify"><B>J&amp;T BANKA, a. s.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">Registered office Pobrezni 297/14,186
00 Praha 8, ID No.: 47115378</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">Recorded in the Commercial Register maintained
by the Municipal Court in Prague, Section B., Insert 1731</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">Represented by the following authorised
persons</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">Telephone - dealing: + 420 221 710 666</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 69pt 6pt 0; text-align: justify">Telephone - back office: +420 221
710 637 (settlement in the Czech Republic), +420 221 710 639 (settlement abroad) (hereinafter the &ldquo;Bank&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 69pt 6pt 0; text-align: justify">and</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 139.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><B>Identification of the legal entity</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Name/Corporate name</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Registered office</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">ID No.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Recorded in</P></TD>
    <TD STYLE="width: 328.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">VESA EQUITY INVESTMENT S.ar.l.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Avenue John F. Kennedy 39,1855 Luxebourg,
        Lucembursko</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">B215769</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Commercial Register maintained by Luxembourg</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt 1.2pt; text-align: justify"><B>Identification data of persons
acting on behalf of the above-mentioned legal entity</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 139.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Name and surname</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Permanent residence address</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Birth ID No./date of birth</P></TD>
    <TD STYLE="width: 328.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Marek Spurny, Pascal Lecrerc</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">[*], [*]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">[*]</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 139.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Bank details</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Telephone, fax</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">E-mail</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Telephone communication</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">Telephone communication password</P></TD>
    <TD STYLE="width: 328.5pt; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">[*]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">[*]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">yes</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">[*]</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 13.95pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(hereinafter the <B>&ldquo;Client&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">enter on the day, month and year specified
below, pursuant to Section 2455 et seq. of Act No. 89/2012 Coll., the Civil Code into this Commission Agent&rsquo;s Agreement (hereinafter
also the &ldquo;Agreement&rdquo;).</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0.25in; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>Subject-matter of the Agreement</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.1</TD><TD STYLE="text-align: justify">The Bank undertakes to arrange for the Client, subject to the terms and conditions agreed herein
and in accordance with the Client&rsquo;s Instructions, generally binding laws and regulations of the Czech Republic that are valid
and effective in the field on investment services, the capital market, financial brokering, personal data protection, consumer
protection and/or legalisation of proceeds of crime and with the rules and business usage in the domestic and foreign markets with
financial instruments, upon an agreement between the parties, in its own name and on the Client&rsquo;s account, the purchase,
sale or other transfer of financial instruments, and to provide to the Client upon an agreement of the parties further investment
services in accordance with the Act on Carrying on Business Activities in the Capital Market, which the Bank provides under a licence
granted by the Czech National Bank (CNB), or to carry out the relevant activities to achieve such result or provision of investment
services, and to also provide further services not expressly specified herein, which shall be required for the performance of such
activities in accordance with this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.2</TD><TD STYLE="text-align: justify">The Client undertakes to pay to the Bank a fee for its activities and to reimburse to it the related
costs in accordance with the Price List of Investment Services that shall be valid and effective in the period for which the Bank
shall be entitled to the agreed fee and reimbursement of costs.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Recitals</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1</TD><TD STYLE="text-align: justify">The Business Terms and Conditions of J&amp;T BANKA, a. s., for Providing Investment Services form
an integral part of this Agreement. If any provision regulating a matter in this Agreement differs from its regulation in the Business
Terms and Conditions, the provision of this Agreement shall prevail.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.2</TD><TD STYLE="text-align: justify">By signing this document, the Client expressly agrees that the Bank may modify the Business Terms
and Conditions, particularly on the basis of changes of the laws and of the rules and business terms of third parties used by the
Bank for the fulfilment of its obligations towards the Client, of introduction of new services, changes of the method of provision
of the services or in any other cases not specified in this paragraph. The Bank shall notify the Client of a change of the Business
Terms and Conditions by an electronic message sent to the Client&rsquo;s e-mail address set forth in the heading hereof and/or
via the Internet Banking and/or by posting such change on the Bank&rsquo;s Website www.jtbank.cz at least 15 days in advance, if
possible. The Client undertakes to familiarise himself with the new version of the Business Terms and Conditions. The new version
of the Business Terms and Conditions shall be binding for the Client from its effective date. If the Client disagrees with the
new version of the Business Terms and Conditions, he may terminate the Agreement within 15 days after the effective date of such
new version.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.3</TD><TD STYLE="text-align: justify">Any acronyms and capitalised terms used in the Agreement are defined in the Business Terms and
Conditions, unless defined directly in the Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.4</TD><TD STYLE="text-align: justify">The parties have agreed that the Bank shall communicate with and provide information to the Client
(such as any information about the Bank and investment services provided by it, assessment of an investment questionnaire. Rules
of Execution of Instructions, classification of clients, information about executed instructions, about the balance of the Client&rsquo;s
cash funds and investment instruments) via electronic mail to the Client&rsquo;s e-mail address set forth in the heading hereof,
unless agreed otherwise between the Bank and the Client. The Bank shall provide to the Client upon request the information about
the progress in the execution of any pending instructions. By signing this document, the Client grants to the Bank an express consent
with the provision of selected information to the Client via the Website subject to the terms and conditions set forth by the laws
and by the Business Terms and Conditions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.5</TD><TD STYLE="text-align: justify">By signing this document, the Client agrees with the provision of Communications of Key Information
on an information carrier that is not in the form of a document, and with the provision of such information only on the Website.
The Client designates the e-mail address set forth in the heading hereof for the purpose of sending information about the address
of the Website where such communications of key information are posted.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.6</TD><TD STYLE="text-align: justify">Unless agreed otherwise between the parties in accordance with generally binding laws, the Client
has been included in the nonprofessional client category pursuant to the Act on Carrying on Business Activities in the Capital
Market and enjoys all rights connected therewith. Detailed information concerning client categories is posted on the Website.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.7</TD><TD STYLE="text-align: justify">If the Bank&rsquo;s Client makes use of an investment recommendation or analysis, the Client shall
do so at his own option and acknowledges that the information provided by the Bank may prove incorrect in future, any investments
made on the basis thereof may generate a loss and the Bank may withdraw or change its recommendation or analysis at any time depending
on further developments, and that any investments decisions always depend on the Client, who shall be fully responsible for them.
By signing this document, the Client acknowledges and agrees with the facts stated in this paragraph.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0.25in; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Rights and obligations of the parties</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.1</TD><TD STYLE="text-align: justify">On the basis of this Agreement, the Bank shall accept, transfer and execute, in particular, the
Client&rsquo;s instructions concerning investment instruments and shall keep on the Client Account, in connection with such activities,
records of investment instruments and cash funds, shall carry out currency conversion and perform other related activities. Detailed
rules of issuing instructions by the Client and their acceptance, transfer and execution by the Bank are set forth in the Business
Terms and Conditions and in the Rules of Execution of Instructions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.2</TD><TD STYLE="text-align: justify">In accordance with the Rules of Execution of Instructions, the Bank shall execute Client&rsquo;s
instructions with due professional care and under the most favourable terms for the Client. By signing this document, the Client
confirms that he has familiarised himself with and agrees with the Rules of Execution of Instructions. The Bank may fulfil its
obligation by selling any relevant investment instrument to the Client out of its own assets or by purchasing an investment instrument
from the Client.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.3</TD><TD STYLE="text-align: justify">By signing this document, the Client expressly agrees that the Bank may execute his instruction
outside the regulated market or the multilateral trading system.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.4</TD><TD STYLE="text-align: justify">The Bank shall not accept and execute or shall cancel any instruction of the Client that is in
conflict with the laws of the Czech Republic, with this Agreement and with the Business Terms and Conditions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.5</TD><TD STYLE="text-align: justify">By signing this document, the Client grants to the Bank his consent that, subject to the terms
stipulated by the laws of the Czech Republic and the Business Terms and Conditions, the Bank may execute the Client&rsquo;s instruction
jointly with a trade on its own account or with another client&rsquo;s instruction (pooling of instructions).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.6</TD><TD STYLE="text-align: justify">The Price List of Investment Services forms an integral part of this Agreement. The Client shall
pay to the Bank a fee and shall reimburse the Bank for the full amount of the related costs by the date stipulated by the Price
List of Investment Services, unless agreed otherwise between the parties.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.7</TD><TD STYLE="text-align: justify">The Bank may demand from the Client the reimbursement of all costs incurred by it in the performance
of its obligation under the Agreement. The costs incurred for the purpose of this Agreement include, without limitation, any fees
and other payments provided, in particular, to regulated market organisers, settlement systems, custodians, depositaries, securities
dealers and banks.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.8</TD><TD STYLE="text-align: justify">By signing this document, the Client expressly agrees that the Bank is entitled to make unilateral
changes in the Price List of Investment Services. The Client shall be informed about all such changes by electronic mail sent to
the Client&rsquo;s e-mail address specified in the heading of this document and/or via the Internet Banking and/or by posting the
information on the Website at least 15 days in advance, if possible. The Client undertakes to familiarise himself with the new
version of the Price List of Investment Services. The new version of the Price List of Investment Services shall be binding for
the Client from its effective date. If the Client disagrees with the new version of the Price List of Investment Services, he may
terminate the Agreement within 15 days after the effective date of such new version.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>Power of attorney</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.1</TD><TD STYLE="text-align: justify">By signing this document, the Client grants to the Bank a power of attorney to perform, without
any reservations or limits, any and all legal acts and other activities required for the performance of the subject-matter of this
Agreement in relation to the organisers of the market of investment instruments, operators of settlement systems on transactions
with investment instruments, persons authorised to keep records of investment instruments, the central depositary of securities
and other contractual partners of the Bank and undertakes to provide to the Bank all assistance required for the performance of
its obligations.</TD></TR></TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0.25in; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>Client&rsquo;s representations</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1</TD><TD STYLE="text-align: justify">By signing this document, the Client represents and warrants that:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">he has obtained in the written form a draft of this Agreement, the effective Business Terms and
Conditions and an updated Price List of Investment Services sufficiently in advance for their examination, has sufficiently familiarised
himself with such documents, has understood all their provisions and agrees with their wording;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">all data provided by the Client to the Bank in connection with the Agreement, particularly any
personal data, are true, and the Client acknowledges that the Bank shall not be liable to the Client for any damage caused by his
breach of this representation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the Client has been informed by the Bank in connection with his personal data particularly about
the scope and purpose of processing of his personal data, the entity that shall process such data, the method of processing thereof,
about the entities to which his personal data may be disclosed and about other rights stipulated by applicable laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">any and all cash funds and investments instruments set aside for transactions and trades executed
under this Agreement are owned by the Client, who is entitled to freely dispose of them and has acquired them in accordance with
the law. In particular, the Client is responsible for those cash funds and investment instruments not originating from criminal
activities and not being acquired by transfer or exchange for cash funds and investment instrument originating from criminal activities
and/or by any other illegal method, with the exception of granting a Permitted Debit or a loan of investment instruments by the
Bank to the Client hereunder, which is not in conflict with this representation of the Client;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the Client is aware of and has been warned sufficiently in advance before the execution of this
Agreement of any risks and potential losses from trading in financial markets;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">the Client has no special relationship to the Bank within the meaning of Section 19 of Act No.
21/1992 Coll, on banks; in the event that the Client has a special relationship to the Bank, he shall notify the Bank of such relationship
in accordance with Article 5.3. hereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">the Client is not a politically exposed person within the meaning of Section 4(5) of Act No. 253/2008
Coll, on some measures against legalisation of proceeds of crime and financing of terrorism; in the event that the Client is a
politically exposed person, he shall notify the Bank of such fact in accordance with Article 5.3. hereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">the Client is not a partnership or corporation organized in the United States of America or under
the laws of the United States of America or any State thereof and it isn&rsquo;t a partnership or a corporation controlled by a
citizen of the United States of America or a resident of the United States of America, if a Client is; in the event that the Client
is a partnership or corporation organized in the United States of America or under the laws of the United States of America or
any State thereof or is a partnership or a corporation controlled by a citizen of the United States of America or a resident of
the United States of America, he shall notify the Bank of such fact in accordance with Article 5.3. hereof;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 4 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Client has a tax residence:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>&#9;in
the Czech Republic</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>&#9;
in the Luxembourg and his Tax Identification Number is 2017 2432 590;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">the character of the prevailing income classifies it as:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>&#9;
active entity,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>&#9;
passive entity,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>&#9;
financial institution,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>&#9;
non-reporting financial institution.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.2</TD><TD STYLE="text-align: justify">The parties have agreed that if any of the foregoing representations of the Client proves to be
untrue, the Bank shall not be obliged to execute since such date any acts constituting the subject-matter of this Agreement and
the Client shall provide to the Bank compensation for all damage caused by him due to such untrue representation.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.3</TD><TD STYLE="text-align: justify">The Client hereby undertakes to notify the Bank of any change of data and information provided
by him and/or of the contents of any representation stated in Article 5.1. above promptly after such change and by provable means
(in person or in writing in a form of a document or by electronic mail or by any other method agreed with the Bank). The Bank shall
not be liable for any damage caused to the Client by his breach of this duty.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.4</TD><TD STYLE="text-align: justify">The Client undertakes to promptly notify the Bank of his intention to use for the purpose of transactions
executed hereunder any cash funds and/or investment instruments that are not owned by him, together with information about the
owner of such cash funds and/or investment instruments, including at least the following:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">if the owner of the cash funds and/or investment instruments is an individual, the name, surname,
residence address, birth index number or, if not allocated, the date of birth or identification number (if applicable) of such
person;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">if the owner of the cash funds and/or investment instruments is a legal entity: the corporate or
name of such legal entity, its registered office and identification number, if allocated.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD>Term of the Agreement and final provisions</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.1</TD><TD STYLE="text-align: justify">This Agreement is executed for an unlimited period of time and shall come into force and become
effective upon its signing by both parties. The possibilities of termination of this Agreement and the related obligations of the
parties are set forth in the Business Terms and Conditions. The validity of any instruction of the Client shall expire by the termination
of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.2</TD><TD STYLE="text-align: justify">The arrangement of this Agreement into articles and paragraphs as well as the inclusion of headings
are to serve to facilitate orientation only and shall have no effect on the meaning or interpretation of this Agreement. Words
in singular shall include the plural and vice versa, words in the masculine gender shall include words in the feminine and neuter
genders and vice versa, and terms designating persons shall include both natural persons and legal entities, unless otherwise specified.
All references in this Agreement shall be construed as references to the currently valid and effective versions of laws.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.3</TD><TD STYLE="text-align: justify">This Agreement may only be modified by written amendments agreed and signed by both parties. This
provision shall not apply to changes of the Business Terms and Conditions and the Price List of Investment Services.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.4</TD><TD STYLE="text-align: justify">This Agreement supersedes any previous contractual arrangements between the parties about the same
subject-matter, whether written or oral, unless agreed otherwise between the parties.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.5</TD><TD STYLE="text-align: justify">If any provision hereof is or becomes invalid, unenforceable or ineffective, the invalidity, unenforceability
or ineffectiveness of such provision shall not affect the other provisions of this Agreement. The parties undertake to replace
any such invalid or ineffective provision by a valid and effective provision with the same commercial and legal meaning. The Bank
and the Client acknowledge and agree that any rights and obligations that are not regulated by this Agreement or by the Business
Terms and Conditions shall be governed by the application provisions of Czech law and further represent that in case of any dispute
between the Bank and the Client arising under their mutual relationship, particularly in connection with the Agreement, the Bank
and the Client shall endeavour to resolve such dispute amicably, primarily by negotiations in good faith, and to prevent judicial
resolution.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.6</TD><TD STYLE="text-align: justify">Unless agreed otherwise in writing between the Client and the Bank, any dispute between the Bank
and the Client arising in connection with the Agreement (including any issues regarding its validity) shall be resolved before
the general court having jurisdiction over the Bank.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.7</TD><TD STYLE="text-align: justify">The Client may not assign any of his rights or transfer any of his obligations hereunder to a third
party without prior consent of the Bank.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.8</TD><TD STYLE="text-align: justify">This document is made in two original counterparts, one of each of the parties.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.9</TD><TD STYLE="text-align: justify">The parties represent that they have duly read this Agreement and understood all its provisions.
IN WITNESS WHEREOF, they attach their respective signatures below.</TD></TR></TABLE>




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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">In ___Prague______, on 16-08-2017</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify"><B>J&amp;T BANKA, a. s.:</B></P></TD>
    <TD STYLE="width: 13.5pt; padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 3.25in; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">In Prague, on 28 July 2017</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify"><B>VESA EQUITY INVESTMENT S.&agrave;r.l:</B></P></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt"><U>/s/ Nikola Zbonlov&aacute; </U></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt"><U>/s/ Marek Spurn&yacute;</U></TD></TR>
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    <TD STYLE="padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt"><U>/s/ &Scaron;&aacute;rka Suchomelov&aacute;</U></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: justify; font-size: 10pt"><U>/s/ Pascal Leclerc</U></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify">The person signed below has completed
Client&rsquo;s identification according to the submitted documents and verified the Client&rsquo;s signatures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify"><U>/s/ Irena Mocov&aacute;&#9;</U></P>

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